Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund

Aditya Birla Sun Life AMC has launched new fund offer of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund.

The scheme aims to generate returns in line with Nifty 50 equal weight index. The index houses all 50 names present in Nifty and each one has 2% allocation. The index thus becomes more broad based compared to Nifty 50. The index is rebalanced every quarter.

The scheme is an ideal vehicle for those who are looking to invest in large cap stocks present in Nifty 50 and want to benefit from broad-based rally in stocks.

A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC said, “Equal allocation to the 50 large cap companies can benefit from growth opportunities across the board rather than relying on the performance of few heavyweights.”

DSP Mutual Fund offers DSP Equal Nifty 50 Fund since 23 October 2017. The scheme has delivered 8.9% since inception. Over last one year the scheme has given 80.9% returns and stood second in the large cap funds category- next to Quant Focused Fund.

The new fund offer will close on June 2, 2021.