There are two ways in which you can invest in this fund:

1. Through a Direct plan – here you can invest directly through Aditya Birla Sun Life Mutual Fund (either at the time of NFO or subsequently through our online portal)
2. Through a Regular Plan – here you can invest through a distributor or broker of your choice

Both modes of investing will give you access to the same investment portfolio of the fund. However, there will be a difference in the expense ratio applicability of these plans and hence they will have different NAVs.

This fund is an open-ended Index Fund. It tracks an equity index which focuses on defence sector stocks. This index is the Nifty India Defence Total Return Index. It thus aims to invest in the stocks comprised in this index, in the same proportion.

Being an index fund, this fund will invest a minimum of 95% of its net assets in equity and equity related securities constituting the Nifty India Defence Index.

Exit Load is an amount which is paid by the investor to redeem the units from the scheme.
The current exit load structure applicable is

- For redemption / switch-out of units on or before 30 days from the date of allotment: 0.05% of applicable NAV.
- For redemption / switch-out of units after 30 days from the date of allotment: Nil.

Thus, there is no exit load charged in case of units redeemed that are held beyond 30 days’ time.

The New Fund Offer (NFO) opens on 9th August 2024 and closes on 23rd August 2024

No, you do not necessarily need a demat account. When you invest with Aditya Birla Sun Life Mutual Fund through a direct plan there is no need for you to have a separate demat account. Your investment can be viewed, tracked, and redeemed on our online portal.

Yes, this fund permits SIP mode of investing. It permits both monthly and weekly SIP which you can choose as per your affordability. During the NFO period as well as subsequently, investment can be made with a minimum SIP of Rs.500/- and in multiples of Re.1/- thereafter.

Equity investors with a long-term investment horizon looking to invest in the defence sector through an index-based fund. The fund is also suitable for investors looking for exposure to a government policy-driven industry which also has a low corelation to broader market during geopolitical volatility.