Aditya Birla Sun Life Asset Management Company Ltd. has collected Rs 409 crore funds from its new offering Aditya Birla Sun Life Special Opportunities Fund, during its New Fund Offer (NFO) period between 5-19 October, 2020. The fund has attracted investors from across the country and its 2 weeks of NFO period garnered over 44,000 applications, the fund house said in a release.
A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC Ltd. said, “Despite the logistical challenges posed by the pandemic, we have attracted over 44000 applications from more than 360 locations. What is also noteworthy is the contribution coming from diversified channels across the board exhibiting our distribution strength as a fund house.” Adding to it A Balasubramanian said that the company’s strength has also able to beat the logistical constraints.
Aditya Birla Sun Life Special Opportunities Fund is managed by Anil Shah, Senior Fund Manager who brings with him around three decades of experience in equity research and investment analysis. This new fund team also includes Chanchal Khandelwal and Vinod Bhat.
The fund is positioned to play themes such as change in management, mergers & acquisitions, business restructuring, Government policy change, geo -political developments, global events etc. and special upcoming opportunities in recent times Atmanirbhar Bharat, digital adoption, Government’s disinvestment plans, changes in lifestyle and consumption levels and others.