NEW DELHI : Aditya Birla Sun Life AMC Ltd (ABSL) on Monday said it has received over 88,000 applications for over ₹1,900 crore for its new multi-cap fund during its new fund offer (NFO) period. An open-ended equity scheme investing across large-cap, mid-cap and small-cap stocks, the NFO was open between 19 April and 3 May. Aditya Birla Sun Life Multi-Cap Fund is an open-ended multi-cap scheme mandated to invest in small-cap, mid-cap, and large-cap stocks. What is also noteworthy is the contribution coming from diversified channels across the board exhibiting our distribution strength as a fund house. According to the fund house, with a focused and bottom-up stock selection approach, the fund offers a well curated portfolio of high conviction stock ideas from the fund house.

Source: Mint May 31, 2021 07:41 UTC