Mumbai: Aditya Birla Sunlife, a mutual fund of Aditya Birla Group, has launched a new investment scheme ‘Special Opportunities Fund’. It is an open-ended equity scheme and will adopt a special theme based investment strategy. The fund has been opened for investment from Monday 5 October and will close on 19 October.
The minimum investment amount in this scheme is 500 rupees and investors can also invest through lump sum or SIP. The fund will be managed by Anil Shah, a senior fund manager with over 30 years of experience.
Managing Director of Aditya Birla Sunlife Mutual Fund A.K. Balasubramanian said that the economy has to face unique challenges at different times. The Kovid epidemic is also a new type of special challenge. These special challenges create special conditions for the economy and companies. In such a situation, companies and businesses that make progress in these situations are also successful in giving good returns to investors. We will select only such progressive companies to invest in ‘Special Opportunities Fund’. So that we can be successful in the objective of providing better returns to our investors. By the way, special opportunities are also an evergreen theme. Because it is always part of the market. Changes in management, restructuring of business, merger and acquisition, changes in government policies, regulatory, macro-economic changes, political activities, global events, etc. provide special opportunities for investment. He said there were emerging special opportunities such as ‘self-reliant India’, the Kovid crisis, widespread digitization, government’s disinvestment schemes, lifestyle changes and technology upgrades along with spending patterns. This fund will exploit such opportunities.