Investors, Please note that Aditya Birla Sun Life AMC Limited (“ABSLAMC”) has announced a revision to the maximum amount allowed for fresh subscriptions and switch-in applications in the Aditya Birla Sun Life Medium Term Plan. This is an open-ended medium-term debt scheme that invests in instruments with a Macaulay duration of 3-4 years, carrying relatively high interest rates and credit risks. The revision will take effect from Wednesday, December 4, 2024 (“Effective Date”).
The revised limit is as follows:
| Existing Maximum Subscription Limit | Revised Maximum Subscription Limit |
| Rs. 1 crore per investor per day across all subscription transactions (i.e. fresh purchases, additional purchases, switch-in and trigger transactions such as SIP, STP as available) | Rs. 10 crore per investor per day across all subscription transactions (i.e. fresh purchases, additional purchases, switch-in and trigger transactions such as SIP, STP as available) |
For further details, please read the addendum
Other articles you may like
Important Changes in Groww Mutual Funds (GMF)- Pausing Of Sip In Of The Designated Schemes Of Motilal Oswal Mutual Fund (Momf)
- Discontinuation of the Systematic Investment Plan (SIP) of the Designated Schemes of MOMF
- Introduction Of Daily, Weekly Frequency In Sip And Changes In Default Sip Date And Minimum Investmen...
[fbcomments]
Wealth Conversations – January 2025- Important Changes in Groww Mutual Funds (GMF)
- Pausing Of Sip In Of The Designated Schemes Of Motilal Oswal Mutual Fund (Momf)
Should you manually time your long term lumpsum investments?- Discontinuation of the Systematic Investment Plan (SIP) of the Designated Schemes of MOMF
