mutual-fund

Aditya Birla Sun Life launches its Nasdaq-100 FoF. Details here

Aditya Birla Sun Life launches its Nasdaq-100 FoF. Details here

Aditya Birla Sun Life AMC launched its Nasdaq 100 FOF, an open ended fund of fund investing in units of overseas ETFs and/or Index Fund based on Nasdaq-100 Index.The New Fund Offer (NFO) for Aditya Birla Sun Life Nasdaq-100 FoF opened on 15 October, 2021 and it will close on 29 October, 2021.As per a release by the AMC, there are tremendous opportunities emerging in new-economy sectors like payments, e-commerce and transformational technologies. High growth disruptors in these sectors have consistently joined the Nasdaq-100 index, thereby ensuring that the growth trajectory continues.While these companies are largely unrepresented in the Indian stock markets, investors can participate in the growth journey of these future-ready companies by investing in Aditya Birla Sun Life Nasdaq 100 FOF, it added.The scheme offers not just the potential to better returns, but will also serve as a potential hedge against rupee depreciation. A geographically diversified portfolio helps in protecting the investment from the downside emerging in a single country, it also said.Aditya Birla Sun Life Nasdaq 100 FOF offers to its customers:Download.

mutual-fund 2021-10-20 Livemint