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The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Aditya Birla Sun Life Mutual Fund (ABSLMF), securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America ("US") and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under the US Securities Act of 1933, as amended) and persons of Canada.
By entering this Website or accessing any data contained in this Website, I/We hereby confirm that I/We am/are not a U.S. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. I/We hereby confirm that I/We are not giving a false confirmation and/or disguising my/our country of residence. I/We confirm that Aditya Birla Sun Life Mutual Fund / Aditya Birla Sun Life AMC Limited (ABSLAMC) is relying upon this confirmation and in no event shall the directors, officers, employees, trustees, agents of ABSLAMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided.
The investment objective of the scheme is to provide returns that, before expense, closely correspond to the total returns of the securities as represented by BSE SENSEX by holding stocks in same proportion.
This Product is Suitable For Investors Who Are Seeking*:
Total Experience : 7 years
ETFs are the latest and the fastest growing mutual fund structure in the world. In conventional open ended mutual funds, investors must wait until the end of the day when the fund net asset value (NAV) is announced before knowing what price they paid for new units they bought and the price they will receive for units they sold. For most long-term investors it does not matter much, but many investors do require greater flexibility. ETFs are different from conventional index funds in the sense that ETFs are traded throughout the day unlike index funds whose NAVs are computed.
ETFs are bought and sold during the day when the markets are open. The pricing of ETF shares is continuous during normal exchange hours. Trading prices vary throughout the day, based mainly on the changing intraday value of the underlying assets in the fund. ETF investors know within moments how much they paid to buy units and how much they received after selling. The nearly instantaneous trading of ETF shares makes intraday management of a portfolio possible. Through this product we give our investors an opportunity to efficiently get their allocation into the investments they want in an hour and then change their allocation in the next hour. Short selling is also available to ETF investors.
Introducing ABSL SENSEX ETF
ABSL SENSEX ETF is an open-ended exchange traded fund that is designed to track S&P BSE SENSEX index returns and trade just like any other stock, combined with the benefits of a mutual fund. This ETF will seek to mirror the return of S&P BSE Sensex. The ETF will trade like a stock on an exchange, thus experiencing price changes throughout the day as it is bought and sold. An investor, by owning this ETF gets the diversification of an SENSEX as well as the ability to sell short, buy on margin and purchase as little as one share. It can be bought and sold through stock market brokers on payment of stock market related brokerages.
It will adopt a passive investment strategy. The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by BSE SENSEX by holding BSE SENSEX stocks in same proportion. However, the performance of the scheme may differ from that of the underlying index due to tracking error.
How ETF will work
Authorised Participants :
Parwati Capital Market Pvt. Ltd. &
Edelweiss Securities Ltd.
(An Open ended Income Scheme)
This product is suitable for investors who are seeking: reasonable returns with convenience of liquidity over short term investments in a basket of debt and money market instruments of very short maturities investors should consult their financial advisers if in doubt about whether the product is suitable for them.