Aditya Birla Sun Life launched Infrastructure Index Fund for India’s Growth
Aditya Birla Sun Life Mutual Fund launched a new open-ended index fund, which is the Aditya Birla Sun Life BSE India Infrastructure Index Fund, which helps to track the BSE India Infrastructure Total Return Index. The New Fund Offer (NFO) is going to open for subscription from November 14, 2024, to November 28, 2024.
The Aditya Birla Sun Life BSE India Infrastructure Index Fund is mainly designed to benefit from the growth of India’s infrastructure sector, which is expected to grow with a 15% CAGR in budgetary capital expenditure.
Government initiatives like the Production-Linked Incentive Scheme, GST Reforms, and advancements in the power sector help to support the growth of the sector.
The infrastructure space contains some important sectors like transportation, energy, utilities, engineering, and construction, which have an important role in the growth of economic development in India.
The New BSE India Infrastructure Index Fund merges momentum strategies and controlled weight allocation, which offer diversified exposure in five important infrastructure clusters. This structure primarily focuses on balanced growth when managing the risk and makes this option suitable for investors who are looking for exposure to India’s rapidly increasing infrastructure market.
“The infrastructure sector plays an important role in driving India’s growth. With strong government focus, favourable demographics, and rising domestic consumption, this sector is set to see significant progress. The BSE India Infrastructure Index has a wider representation of stocks and sub-sectors, giving investors diversified access to India’s infrastructure opportunities,” said A Balasubramanian, Managing Director and CEO of Aditya Birla Sun Life AMC.
