Mutual Fund Investment: If you cannot invest in the stocks of listed firms like Adani, Ambani, Tata, and Birla at the same time, there is no reason to be concerned. A new mutual fund scheme has now emerged that will enhance your investment by simultaneously investing in the stocks of all these large corporate firms. In fact, Aditya Birla Sun Life Mutual Fund has introduced the Aditya Birla Sun Life Conglomerate Fund.
Aditya Birla Sun Life Conglomerate Fund
This fund offers a distinctive chance to diversify your portfolio by investing in India’s leading business conglomerates. In other words, by putting your money into this single mutual fund, you can invest in the stocks of all the reputable companies. The new fund offer, or NFO, is available for investment and will terminate on December 19.
The fund seeks to achieve long-term capital appreciation through investments in equity and equity-related securities of large corporate groups. Groups will be recognized as those based in India, overseen or managed by promoters, and comprising a minimum of 2 publicly traded companies from different sectors or industries. As per the fund house, the leading groups will be categorized based on market capitalisation.
For instance, Tata and Adani groups are involved in power, renewable energy, FMCG, and IT services, showcasing distinct adaptability and expansion. The fund focuses on a selection of 169 firms distributed over 22 sectors, accounting for 33% of the overall market capitalization of the Bombay Stock Exchange. The principal organizations consist of Tata Group, Reliance Industries, Adani Enterprises, and Birla Group. The plan includes a combination of large, mid, and small-cap stocks. The fund is ideal for long-term stock investors who plan to invest for 3-5 years or more. The program will be overseen by Kunal Sangoi and Harish Krishnan and will be administered by BSE Select Business Groups Index TRI.
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