365Telugu.com online news,Mumbai, December 6th, 2024: Aditya Birla Sun Life AMC Limited (ABSLAMC), established in 1994, is a leading asset management company, with Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. as the promoters and major shareholders.
The company is the investment manager for Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882.
ABSLAMC has announced the launch of the Aditya Birla Sun Life Conglomerate Fund, an open-ended, diversified equity fund that focuses on the conglomerate theme. The New Fund Offer (NFO) will be open from 5th December 2024 to 19th December 2024.
This industry-first and category-first fund will invest in Indian conglomerates—companies that are led by visionary promoters, with at least two listed companies spanning across various sectors. These conglomerates are known for their diversified business operations, strong market positions, and ability to generate sustainable cash flows.
They have also demonstrated a remarkable ability to adapt and innovate, often investing in emerging, high-growth sectors, referred to as sunrise industries. Conglomerates wield significant influence on global business and consumer trends, shaping the future with their strategic foresight.
Commenting on the launch, A. Balasubramanian, Managing Director & CEO of Aditya Birla Sun Life AMC Ltd, said, “Conglomerates in India have been instrumental in the nation’s industrial revolution and have formed the backbone of its economic growth.
With their resilience, multi-generational legacies, and capacity to innovate across various sectors, these businesses have consistently created diversified cash flows and driven investments in high-growth sectors such as green energy and digital ecosystems.
The Aditya Birla Sun Life Conglomerate Fund provides investors a unique opportunity to tap into the growth potential of these enduring enterprises, capitalizing on their performance and strategic vision to build wealth in a dynamic economy.”
The fund will provide investors with an opportunity to invest across 169 companies in 22 sectors, representing 33% of the total BSE market capitalization. The portfolio will include a diversified mix of 36 large-cap, 30 mid-cap, and 103 small-cap stocks, offering growth potential and broad sectoral diversity for investors.