Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Overnight Fund

Mumbai, October , 2018: Aditya Birla Sun Life AMC Limited (formerly known as Birla Sun Life Asset Management Company Ltd.), a subsidiary of Aditya Birla Capital Limited (formerly known as Aditya Birla Financial Services Ltd.), and investment manager to Aditya Birla Sun Life Mutual Fund (ABSLMF) announced the launch of the Aditya Birla Sun Life Overnight Fund, an open-ended debt scheme investing in overnight securities. The New Fund Offer (NFO) opens on October 30, 2018 and closes on November 1, 2018, with price of units of the scheme at Rs.10 per unit and a minimum subscription amount of Rs. 1000/- and in multiples of Re. 1 therefter.

Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Overnight Fund

Aditya Birla Sun Life Overnight Fund offers a unique combination of safety along with high liquidity combined with reasonable returns. The fund invests in the money market & debt instruments of 1 day maturity i.e. any given day the fund manager will invest the money in to the instrument with maturity upto 1 day. Owing to this strategy the fund carries no duration risk and no credit risk. This makes it the safest possible investment avenue for an investor for very short term investment tenors and one who seeks to avoid volatile market cycles.

The scheme will have Regular Plan and Direct Plan with a common portfolio and separate NAVs. Each of the Regular and Direct Plan under the scheme will have Growth Option, and Dividend Option (daily, weekly and monthly) with Payout, Reinvestment and Sweep Facility only in the Monthly Dividend Option. The scheme is benchmarked against CRISIL Overnight Index and will be managed by Kaustubh Gupta, Fund Manager, Aditya Birla Sun Life Mutual Fund.

The AMC will calculate and disclose the first NAV(s) of the scheme not later than 5 (five) Business days from the date of allotment. Thereafter the NAV will be calculated and disclosed for every Business Day. AMC shall update the NAV on the AMFI website ( and on the website of the Mutual Fund ( by 9.00 pm on the day of declaration of the NAV.

This product is suitable for investors who are seeking:*

·         reasonable returns with high levels of safety and convenience of liquidity            over short term


·         investment in debt and Money Market Instruments upto 1 day