NFO Update: Aditya Birla Sun Life Mutual Fund launches conglomerate fund

Aditya Birla Sun Life Mutual Fund has launched the Aditya Birla Sun Life Conglomerate Fund, an open-ended diversified equity scheme focused on conglomerate-themed investments. The NFO opens on Dec 5 and closes on Dec 19, with continuous sale and repurchase options post-allotment. The fund aims for long-term capital appreciation by investing in the equity of conglomerate-themed companies and will be benchmarked against the BSE Select Business Groups Index.