ABSLMF Business Cycle Fund garners over Rs 2200 crore

The NFO was open between November 15, 2021, and November 29, 2021.

Aditya Birla Sun Life AMC, earlier known as Birla Sun Life Asset Management Company Limited, the investment manager of Aditya Birla Sun Life Mutual Fund, has garnered over Rs 2,200 crore for its Aditya Birla Sun Life Business Cycle Fund. It is an open-ended fund following a business cycle-based investing theme that evaluates both macro-economic phases and sector-specific developments to make a robust portfolio. More than 1,17,800 applicants from 10,500 pin codes applied for the fund’s NFO. This huge mop has made the fund one of the largest in the category. The NFO was open between November 15, 2021, and November 29, 2021. The fund has reopened for a subscription. 

It is important to note that the economic cycles are divided into four phases – expansion, peak, contraction and slump. These phases have an impact on the markets. Additionally, an industry-specific cycle could differ from the stage of an ongoing economic cycle. Aditya Birla Sun Life Business Cycle Fund factors in both the macro-economic phases, as well as the industry-specific developments in its investment strategy. Through such dynamic allocation between various sectors and market-caps, Aditya Birla Sun Life Business Cycle Fund aims to provide long-term capital appreciation to risk-aware equity investors.