ADITYA BIRLA SUN LIFE QUANT FUND
(An open ended equity scheme following Quant based investment theme)
This product is suitable for investors who are seeking*:
• Long term Capital
Appreciation
• Investment in equity and
equity related instruments
selected based on quant
model
Scheme Risk-o-meter
Benchmark Risk-o-meter
(Nifty 200 TRI)
*Investors should consult their financial advisers if in doubt whether the product is suitable for them.
The product labeling assigned during the NFO is based on internal assessment of the Scheme characteristics
or model portfolio and the same may vary post NFO when the actual investments are made.
Offer of units of Rs. 10/- each during the New Fund Offer and Continuous Offer for Units at NAV based prices.
NEW FUND OFFER OPENS ON
MONDAY, JUNE 10, 2024
NEW FUND OFFER CLOSES ON
MONDAY, JUNE 24, 2024
SCHEME RE-OPENS ON
Within 5 business days from date of allotment
NAME OF MUTUAL FUND
ADITYA BIRLA SUN LIFE MUTUAL
FUND
One World Center, Tower 1, 17
th
Floor,
Jupiter Mills, Senapati Bapat Marg,
Elphinstone Road, Mumbai-400013
Tel: 43568000
Fax No: 43568110 / 8111
Website
www.mutualfund.adityabirlacapital.com
NAME OF THE TRUSTEE
COMPANY
ADITYA BIRLA SUN LIFE
TRUSTEE PRIVATE LIMITED
One World Center, Tower 1, 17
th
Floor, Jupiter Mills, Senapati Bapat
Marg, Elphinstone Road, Mumbai -
400 013
Tel: 43568000
Fax No: 43568110 / 8111
CIN: U74899MH1994PTC166755
The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India
(Mutual Funds) Regulations 1996, (herein after referred to as SEBI (MF) Regulations) as amended till date, and filed
with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have
not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme
Information Document.
The Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought
to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme
Information Document after the date of this Document from the Mutual Fund / Investor Service Centers / Website / Distributors
or Brokers.
The investors are advised to refer to the Statement of Additional Information (SAI) for details of Aditya Birla Sun
Life Mutual Fund, Tax and Legal issues and general information on www.mutualfund.adityabirlacapital.com
SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the
current SAI, please contact your nearest Investor Service Centre or log on to our website
The Scheme Information Document should be read in conjunction with the SAI and not in isolation.
This Scheme Information Document is dated May 23, 2024
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 2
TABLE OF CONTENTS
HIGHLIGHTS OF THE SCHEME ............................................................................................................ 3
Section I – INTRODUCTION ................................................................................................................... 6
A. RISK FACTORS .................................................................................................................................. 6
B. RISK CONTROL STRATEGIES ........................................................................................................ 13
C. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME ..................................................... 14
D. SPECIAL CONSIDERATIONS .......................................................................................................... 14
E. DEFINITIONS .................................................................................................................................... 16
F. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY...................................................... 20
Section II – INFORMATION ABOUT THE SCHEME ............................................................................ 21
A. TYPE OF THE SCHEME................................................................................................................... 21
B. INVESTMENT OBJECTIVE .............................................................................................................. 21
C. ASSET ALLOCATION AND INVESTMENT PATTERN .................................................................... 21
D. INVESTMENT BY SCHEME ............................................................................................................. 23
E. INVESTMENT STRATEGY ............................................................................................................... 34
F. FUNDAMENTAL ATTRIBUTES ........................................................................................................ 40
G. BENCHMARK ................................................................................................................................... 40
I. INVESTMENT RESTRICTIONS FOR THE SCHEME ....................................................................... 42
J. SCHEME PERFORMANCE ............................................................................................................... 46
Section III - UNITS AND OFFER ........................................................................................................... 46
A. NEW FUND OFFER .......................................................................................................................... 46
B. ONGOING OFFER DETAILS ............................................................................................................ 56
C. PERIODIC DISCLOSURES .............................................................................................................. 79
D. COMPUTATION OF NET ASSET VALUE ........................................................................................ 83
Section IV – FEES AND EXPENSES .................................................................................................... 83
A. NEW FUND OFFER EXPENSES ..................................................................................................... 83
B. ANNUAL SCHEME RECURRING EXPENSES ................................................................................ 83
C. TRANSACTION CHARGES .............................................................................................................. 86
D. LOAD STRUCTURE ......................................................................................................................... 86
E. WAIVER OF LOAD FOR DIRECT APPLICATIONS ......................................................................... 87
Section V - RIGHTS OF UNITHOLDERS .............................................................................................. 87
Section VI - PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTIONS
OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF
BEING TAKEN BY ANY REGULATORY AUTHORITY ......................................................................... 87
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 3
HIGHLIGHTS OF THE SCHEME
Name of the Scheme
Aditya Birla Sun Life Quant Fund
Type of the Scheme
An open ended equity scheme following Quant based investment theme.
Scheme Code
ABSL/O/E/THE/24/01/0158
Scheme Category
Thematic Fund
Investment Objective
The investment objective of the Scheme is to generate long term capital
appreciation by investing in equity and equity related securities based on quant
model theme.
The Scheme does not guarantee/indicate any returns. There is no
assurance that the investment objective of the Scheme will be achieved.
Plans/ Options offered
The Scheme will have Regular Plan and Direct Plan** with a common portfolio
and separate NAVs. Investors should indicate the Plan for which the subscription
is made by indicating the choice in the application form.
Each of the above (Regular and Direct) Plan under the scheme will have the
following Options:
(1) Growth Option and
(2) Income Distribution cum capital withdrawal (“IDCW”) Option (Payout of
IDCW)^
^the amounts can be distributed out of investors capital (Equalization Reserve), which is
part of sale price that represents realized gains
**DIRECT PLAN:
i. Direct Plan is only for investors who purchase /subscribe Units in a
Scheme directly with the Mutual Fund and is not available for
investors who route their investments through a Distributor.
ii. Eligible investors: All categories of investors (whether existing or new
Unitholders) as permitted under the Scheme Information Document of the
Scheme are eligible to subscribe under Direct Plan.
iii. Modes for applying: Investments under Direct Plan can be made through
various modes offered by the Mutual Fund for investing directly with the
Mutual Fund including through Stock Exchange Platforms for Mutual Funds
[excluding other Platform(s) where investors’ applications for subscription
of units are routed through Distributors].
iv. How to apply:
a. Investors desirous of subscribing under Direct Plan of a Scheme will
have to ensure to indicate “Direct Plan” against the Scheme name in the
application form.
b. Investors should also indicate “Direct” in the ARN column of the
application form.
Payout of IDCW
Under this option, it is proposed to declare IDCW subject to the availability of
distributable surplus as computed in accordance with SEBI Regulations. IDCW,
if declared, will be paid (subject to deduction of tax at source, if any) to those
Unitholders, whose names appear in the register of Unitholders on the notified
record date. AMC reserves the right to change the record date from time to time.
However, it must be distinctly understood that actual declaration of IDCW and
frequency thereof is at the discretion of trustees. There is no assurance or
guarantee to Unitholders as to the rate of IDCW distribution nor that the IDCW
will be paid regularly. The IDCW shall be paid in the name of the sole / first holder
and, if applicable, will be posted to the Registered Address of the sole / first holder
in the original application form. To safeguard the interest of the unit holders from
loss/ theft of IDCW cheques, investors should provide the name of their bank,
branch, account number and IFSC/ MICR Number in the application form. IDCW
cheques will be sent to the unit holder after incorporating such information.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 4
However, AMC will endeavor to credit the Payout of IDCW directly to the
designated Bank A/c of the unitholder through any of the available electronic
mode (i.e. RTGS / NEFT / Direct Credit / NECS). AMC reserves the right to use
any of the above mode of payment as deemed appropriate for all folios where the
required information is available. On payments of IDCW, the NAV will stand
reduced by the amount of IDCW paid. In case the IDCW amount payable is less
than or equal to Rs 100/- (Rupees One Hundred only) the same will be
compulsorily reinvested in the corresponding Scheme(s)/Plan(s) on the ex-
IDCW date at Applicable NAV The amount of IDCW reinvested will be net of
applicable taxes.
Growth Option
Under this option, no IDCW will be declared. The income attributable to units
under this option will continue to remain invested and will be reflected in the
NAV of the units under this option.
Default Plan / Option /
Sub-option
(In case the investor fails
to specify his preference,
the given default plan /
option / sub-option would
apply)
Default Option/ Sub-Option: Growth Option
In case of valid application received without indicating choice between Growth
and IDCW option, the same shall be considered as Growth Option and
processed accordingly.
Default Plan:
Investors are requested to note the following scenarios for the applicability of
“Direct Plan or Regular Plan” for valid applications received under the Scheme:
Scenario
Broker Code
mentioned by the
investor
Plan mentioned
by the investor
Default Plan to be
captured
1
Not mentioned
Not mentioned
Direct Plan
2
Not mentioned
Direct
Direct Plan
3
Not mentioned
Regular
Direct Plan
4
Mentioned
Direct
Direct Plan
5
Direct
Not Mentioned
Direct Plan
6
Direct
Regular
Direct Plan
7
Mentioned
Regular
Regular Plan
8
Mentioned
Not Mentioned
Regular Plan
In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application
form, the application shall be processed under Regular Plan. The AMC shall
contact and obtain the correct ARN code within 30 calendar days of the receipt
of the application form from the investor/ distributor. In case, the correct code is
not received within 30 calendar days, the AMC shall reprocess the transaction
under Direct Plan from the date of application without any exit load.
Liquidity
The Scheme being offered through this Scheme Information Document is an
open ended scheme. The Scheme will offer purchase/switch-in and
redemption/switch-out of units at NAV based prices on every Business Day on
an ongoing basis, commencing not later than 5 (five) business days from the
date of allotment. The Mutual Fund shall transfer the Redemption proceeds
within three working days from the date of Redemption or repurchase.
Flexibility
The Mutual Fund will allow investors the flexibility to switch their investments
(subject to minimum application amount under the scheme) from any other
scheme(s) / plans managed by Mutual Fund, as per the features of the
respective scheme offered by the Mutual Fund to Aditya Birla Sun Life Quant
Fund during the New Fund Offer period and on an ongoing basis (subject to
completion of lock-in period, if any, of the units of the scheme(s) from where the
units are being switched).
Minimum Application
Amount
During New Fund Offer Period:
Minimum of Rs.500/- and in multiples of Re. 1/- thereafter during the New Fund
Offer period.
During Ongoing Offer period:
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 5
Fresh Purchase (Incl. Switch-in): Minimum of Rs. 500/- and in multiples of
Re. 1/- thereafter
Additional Purchase (Incl. Switch-in): Minimum of Rs.500/- and in multiples
of Re.1/- thereafter
Repurchase for all Plans/Options: In Multiples of Re. 1/- or 0.001 units
Note – For investments made by designated employees of Aditya Birla Sun Life
AMC Limited in terms of para 6.10 of SEBI Master Circular on Mutual Funds
dated May 19, 2023, requirement for minimum application/ redemption amount
will not be applicable.
Transparency / NAV
Disclosure
The AMC will calculate and disclose the first NAV(s) of the Scheme not later
than 5 (five) Business days from the date of allotment. Thereafter, the NAVs will
be calculated and disclosed for every Business Day. NAV of the scheme will be
calculated up to two decimal places. AMC reserves the right to calculate NAV
more than two decimal places. AMC shall update the NAV on the AMFI website
(www.amfiindia.com) and on the website of the Mutual Fund
(www.mutualfund.adityabirlacapital.com) by 11.00 pm, on all business days.
The Scheme is permitted to take exposure to overseas securities. In such cases
where the scheme has taken exposure to overseas securities, the NAV of the
scheme would be declared by 10.00 a.m. of the immediately succeeding
Business Day. In case the scheme ceases to hold exposure to any overseas
securities, the NAV of the scheme for that day would continue to be declared
on 10.00 am on the immediately succeeding Business Day. Subsequent to that
day, NAV of the scheme shall be declared on 11.00 p.m., on the same business
day.
In case of any delay, the reasons for such delay would be explained to AMFI in
writing. If the NAVs are not available before commencement of business hours
on the following day due to any reason, Mutual Fund shall issue a press release
providing reasons and explaining when the Mutual Fund would be able to
publish the NAVs.
Further, the Mutual Fund / AMC will extend the facility of sending latest available
NAVs of the Scheme to the Unit holders through SMS upon receiving a specific
request in this regard. Also, information regarding NAVs can be obtained by the
Unit holders / Investors by calling or visiting the nearest ISC.
In terms of SEBI regulations, a complete statement of the Scheme portfolio will
be sent to all unitholders, within ten days from the close of each month / half-
year whose email addresses are registered with the Mutual Fund.
The portfolio of the Scheme (alongwith ISIN) shall also be disclosed on the
website of Mutual Fund (www.mutualfund.adityabirlacapital.com) and on the
website of AMFI (www.amfiindia.com) within 10 days from the close of each
month/ half-year respectively in a user-friendly and downloadable spreadsheet
format.
Option to hold Units in
dematerialized (demat)
form
The Unit holders are given an Option to subscribe to/hold the units by way of an
Account Statement or in Dematerialized (‘Demat’) form. The allotment of units in
demat form shall be subject in terms of the guidelines/ procedural requirements as
laid by the Depositories (NSDL/CDSL) from time to time.
Unitholders opting to hold the units in electronic (demat) form must provide their
Demat Account details in the specified section of the application form at the time
of subscribing to the units. For further details, please refer to page 71.
Transfer of Units
Units are freely transferable, the AMC shall on production of instrument of
transfer together with the relevant documents, register the transfer within thirty
days from the date of such production. Further, units held in demat form are
transferable in accordance with the provisions of the Securities and Exchange
Board of India (Depositories and Participants) Regulations, 2018, as amended
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 6
Investors in the Scheme are not being offered any guaranteed / assured returns.
Investors are advised to consult their Legal / Tax and other Professional Advisors with regard to tax / legal
implications relating to their investments in the Scheme and before making decision to invest in or redeem the
Units.
Section I – INTRODUCTION
A. RISK FACTORS
STANDARD RISK FACTORS
• Mutual Funds and securities investments are subject to market risks and there can be no assurance or
guarantee that the objectives of the Scheme will be achieved.
• Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk,
liquidity risk, default risk including the possible loss of principal.
• As the price / value / interest rates of the securities in which the scheme invests fluctuates, the value of
your investment in the scheme may go up or down depending on the various factors and forces affecting
capital markets and money markets.
• Past performance of the Sponsor / AMC / Mutual Fund does not guarantee future performance of the
Scheme and may not necessarily provide a basis of comparison with other investments.
• Aditya Birla Sun Life Quant Fund is the name of the Scheme and does not, in any manner, indicate either
the quality of the Scheme or its future prospects and returns.
• The Sponsors are not responsible or liable for any loss resulting from the operation of the Scheme beyond
the initial contribution of Rs.1,00,000 made by it towards setting up the Fund.
• The present scheme is not a guaranteed or assured return scheme.
from time to time. Transfer of units will be subject to payment of applicable
stamp duty by the Unitholder(s)
Benchmark Index
Nifty 200 TRI
Load
The following load structure will be applicable during the NFO period and
Ongoing Offer Period:
Entry Load: Nil
In terms of para 10.4.1.a of SEBI Master Circular on Mutual Funds dated May
19, 2023, no entry load will be charged by the Scheme to the investor.
Exit Load:
• For redemption / switch-out of units on or before 90 days from the date of
allotment: 0.50% of applicable NAV.
• For redemption / switch-out of units after 90 days from the date of allotment:
Nil.
The Load Structure is subject to change from time to time and shall be
implemented prospectively and will be calculated on First in First Out (FIFO)
basis. For further details on Load Structure, please refer Section IV of this
Scheme Information Document.
Applications
Supported by Blocked
Amount (ASBA)
Investors also have an option to subscribe to units of the scheme during the
New Fund Offer period under the Applications Supported by Blocked
Amount (ASBA) facility, which would entail blocking of funds in the investor’s
Bank account, rather than transfer of funds, on the basis of an authorisation
given to this effect at the time of submitting the ASBA application form. Investors
applying through the ASBA facility should carefully read the applicable
provisions before making their application. For further details on ASBA facility,
investors are requested to refer to Statement of Additional Information (SAI).
Transaction Charges
(For Lumpsum
Purchases and SIP
Investments routed
through distributor /
agent)
No transaction charge shall be deducted from the subscription amount for
transactions /applications received through the distributors.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 7
• The Mutual Fund is not assuring any IDCW nor is it assuring that it will make any IDCW distributions. All
IDCW distributions are subject to the availability of distributable surplus and would depend on the
performance of the scheme.
SCHEME SPECIFIC RISK FACTORS
Risk associated with a thematic fund:
• Investing in a thematic fund is based on the premise that the Scheme will seek to invest in companies
belonging to only specific theme. Thus, investing in a thematic fund could involve potentially greater
volatility and risk.
• The Scheme would be investing in Equity & Equity related instruments based on quant-based investment
theme based on an in-house proprietary quantitative model. This in-house model will have various
qualitative and quantitative factors basis which the investments would be done. However, the model may
not be able to capture the short term market opportunities from time to time due to the underlying factors
used.
• The Fund Manager may deviate from the model, due to market environment, liquidity considerations,
flows, trading cost benefit analysis and any new information on any specific.
• This fund being thematic fund based on quantitative model, the turnover could be higher than other
diversified equity fund. There is no guarantee that the factor model will generate higher returns as
compared to the benchmark.
• Factor investing may go through cycles of underperformance and overperformance, and there may be
periods when a factor-focused portfolio will not achieve its objectives.
• Model risk: The model is based on historical data and assumptions which may not hold true in future and
can lead to losses.
• Market impact and Liquidity Risk: Model based investment at times may impact the market prices leading
to higher costs.
Risks associated with investment in Equity and Equity related instruments:
• Equity and Equity related securities by nature are volatile and prone to price fluctuations on a daily basis
due to both macro and micro factors.
• The NAVs of Scheme investing in equity will fluctuate as the daily prices of the individual securities in
which they invest fluctuate and the units when redeemed may be worth more or less than their original
cost.
• The value of the Scheme’s investments, may be affected generally by factors affecting securities markets,
such as price and volume volatility in the capital markets, interest rates, currency exchange rates, changes
in policies of the Government, taxation laws or policies of any appropriate authority and other political
and economic developments and closure of stock exchanges which may have an adverse bearing on
individual securities, a specific sector or all sectors including equity and debt markets. Consequently, the
NAV of the units of the Scheme may fluctuate and can go up or down.
• In respect of investments in equity and equity-related instruments, there may be risks associated with
trading volumes, settlement periods and transfer procedures that may restrict liquidity of investments in
equity and equity-related securities. In the event of an inordinately large number of redemptions or of a
restructuring of the scheme’ investment portfolio, there may be delays in the redemption of units.
• Within the regulatory limits, the Fund Manager may choose to invest in listed or to be listed securities that
offer attractive yields. Securities, which are not quoted on the stock exchanges, are inherently illiquid in
nature and carry a larger amount of liquidity risk, in comparison to securities that are listed on the
exchanges or offer other exit options to the investor, including a put option. This may however increase
the risk of the portfolio. The liquidity and valuation of scheme investments due to their holdings of listed
or to be listed securities may be affected if they have to be sold prior to their target date of disinvestment.
• Investment made in listed or to be listed equity or equity-related securities may only be realizable upon
listing of these securities. Settlement problems could cause the Scheme to miss certain investment
opportunities.
• Though the constituent stocks of most indexes are typically liquid, liquidity differs across stocks. Due to
the heterogeneity in liquidity in the capital market segment, trades in this segment may not get
implemented instantly.
Risk Factors associated with investments in Fixed Income Securities:
• Price-Risk or Interest-Rate Risk: Fixed income securities such as bonds, debentures and money market
instruments run price-risk or interest-rate risk. Generally, when interest rates rise, prices of existing fixed
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 8
income securities fall and when interest rates drop, such prices increase. The extent of fall or rise in the
prices is a function of the existing coupon, days to maturity and the increase or decrease in the level of
interest rates.
• Credit Risk: In simple terms this risk means that the issuer of a debenture/ bond or a money market
instrument may default on interest payment or even in paying back the principal amount on maturity. Even
where no default occurs, the price of a security may go down because the credit rating of an issuer goes
down. It must, however, be noted that where the Scheme has invested in Government securities, there is
no credit risk to that extent.
• Liquidity or Marketability Risk: This refers to the ease with which a security can be sold at or near to its
valuation Yield-to-Maturity (YTM). The primary measure of liquidity risk is the spread between the bid
price and the offer price quoted by a dealer. Liquidity risk is today’s characteristic of the Indian fixed
income market.
• Reinvestment Risk: Investments in fixed income securities may carry reinvestment risk as interest rates
prevailing on the interest or maturity due dates may differ from the original coupon of the bond.
Consequently, the proceeds may get invested at a lower rate.
• Pre-payment Risk: Certain fixed income securities give an issuer the right to call back its securities before
their maturity date, in periods of declining interest rates. The possibility of such prepayment may force the
fund to reinvest the proceeds of such investments in securities offering lower yields, resulting in lower
interest income for the fund.
• Different types of securities in which the scheme would invest as given in the Scheme Information
Document carry different levels and types of risk. Accordingly, the scheme’s risk may increase or
decrease depending upon its investment pattern. E.g. corporate bonds carry a higher amount of risk than
Government securities. Further even among corporate bonds, bonds, which are AA rated, are
comparatively riskier than bonds, which are AAA rated.
• The above are some of the common risks associated with investments in fixed income and money market
securities. There can be no assurance that a Scheme’s investment objectives will be achieved, or that
there will be no loss of capital. Investment results may vary substantially on a monthly, quarterly or annual
basis.
Risks associated with investment in units of mutual fund:
•
Investment in Mutual Fund Units involves investment risks, including but not limited to risks such as
liquidity risk, volatility risk, default risk including the possible loss of principal.
•
Liquidity risk: The liquidity of the scheme’s investments is inherently restricted by trading volumes and
settlement periods. In the event of an inordinately large number of redemption requests, or of a
restructuring of the scheme’s investment portfolio, these periods may become significant. In view of the
same, the Trustees may limit redemptions (including suspending redemptions) under certain
circumstances as specified under the Scheme Information Document.
•
Volatility risks: There is the risk of volatility in markets due to external factors like liquidity flows, changes
in the business environment, economic policy etc. The scheme will manage volatility risk through
diversification across companies and sectors.
•
Default risk: Credit risk is risk resulting from uncertainty in counterparty’s ability or willingness to meet
its contractual obligations. This risk pertains to the risk of default of payment of principal and interest.
Government Securities have zero credit risk while other debt instruments are rated according to the
issuer’s ability to meet the obligations.
Risk Factors associated with investments in Derivatives:
• As and when any Scheme trades in the derivatives market there are risk factors and issues concerning the
use of derivatives that investors should understand. Derivative products are specialized instruments that
require investment techniques and risk analysis different from those associated with stocks and bonds. The
use of a derivative requires an understanding not only of the underlying instrument but also of the derivative
itself. Derivatives require the maintenance of adequate controls to monitor the transactions entered into, the
ability to assess the risk that a derivative adds to the portfolio and the ability to forecast price or interest rate
movements correctly. There is a possibility that loss may be sustained by the portfolio as a result of the failure
of another party (usually referred as the “counter party”) to comply with the terms of the derivatives contract.
Other risks in using derivatives include the risk of mispricing or improper valuation of derivatives and the inability
of derivatives to correlate perfectly with underlying assets, rates and indices. Thus, derivatives are highly
leveraged instruments. Even a small price movement in the underlying security could have a large impact on
their value. Besides the price of the underlying asset, the volatility, tenor and interest rates affect the pricing of
derivatives. Derivative products are leveraged instruments and can provide disproportionate gains as well as
disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 9
manager to identify such opportunities. Identification and execution of the strategies to be pursued by the fund
manager involve uncertainty and decision of fund manager may not always be profitable. No assurance can
be given that the fund manager will be able to identify or execute such strategies.
• Derivative trades involve execution risks, whereby the rates seen on the screen may not be the rate at
which ultimate execution takes place.
• The options buyer’s risk is limited to the premium paid, while the risk of an options writer is unlimited.
However, the gains of an options writer are limited to the premiums earned.
• The writer of a put option bears the risk of loss if the value of the underlying asset declines below the
exercise price. The writer of a call option bears a risk of loss if the value of the underlying asset increases
above the exercise price.
• Investments in index futures face the same risk as the investments in a portfolio of shares representing
an index. The extent of loss is the same as in the underlying stocks.
• Risk of loss in trading futures contracts can be substantial, because of the low margin deposits required,
the extremely high degree of leverage involved in futures pricing and potential high volatility of the futures
markets.
• The risks associated with the use of derivatives are different from or possibly greater than, the risks
associated with investing directly in securities and other traditional investments.
Risks associated with Writing of Covered Call Options:
a) Writing call options are highly specialized activities and entail higher than ordinary investment risks. In such
investment strategy, the profits from call option writing is capped at the option premium, however, the
downside depends upon the increase in value of the underlying equity shares.
b) The Scheme may write covered call option only in case it has adequate number of underlying equity shares
as per regulatory requirement. This would lead to setting aside a portion of investment in underlying equity
shares. If covered call options are sold to the maximum extent allowed by regulatory authority, the scheme
may not be able to sell the underlying equity shares immediately if the view changes to sell and exit the
stock. The covered call options need to be unwound before the stock positions can be liquidated. This may
lead to a loss of opportunity or can cause exit issues if the strike price at which the call option contracts
have been written become illiquid. Hence, the scheme may not be able to sell the underlying equity shares,
which can lead to temporary illiquidity of the underlying equity shares and result in loss of opportunity.
c) The writing of covered call option would lead to loss of opportunity due to appreciation in value of the
underlying equity shares. Hence, when the appreciation in equity share price is more than the option
premium received the scheme would be at a loss.
d) The total gross exposure related to option premium paid and received must not exceed the regulatory limits
of the net assets of the scheme.
Risks factors associated with investments in Repo Transactions in Corporate Debt Securities :
In repo transactions, securities are sold with the seller agreeing to buy them back at later date. The
repurchase price should be greater than the original sale price, the difference effectively representing
interest. A repo is economically similar to a secured loan, with the buyer receiving corporate debt securities
as collateral to protect against default. The Scheme may invest in repo of corporate debt securities which
are subject to the following risks:
• Counter party Risk: This refers to the inability of the seller to meet the obligation to buy back securities
at the contracted price on the contracted date. The Investment Manager will endeavour to manage
counterparty risk by dealing only with counterparties, having strong credit profiles, approved by our
credit risk analysis team. The exposure to each counterparty will be within the overall approved credit
limits. Also the counterparty risk is to an extent mitigated by taking collateral equivalent in value to the
transaction after knocking off a minimum haircut on the intrinsic value of the collateral. In the event of
default by the repo counterparty, the scheme shall have recourse to the corporate debt securities.
• Collateral Risk: Collateral risk arises when the market value of the securities is inadequate to meet the repo
obligations. This risk is mitigated by restricting participation in repo transactions only in AA or equivalent and
above rated money market and corporate debt securities. Any rating downgrade will tantamount to either an
early termination of the repo agreement or a call for fresh margin to meet the minimum haircut
requirement. In addition, the Investment manager may apply a higher haircut on the underlying security
than mentioned above to adjust for the illiquidity and interest rate risk on the underlying instrument. The
adequacy of the collateral will be monitored on a daily basis by considering the daily market value &
applying the prescribed haircut. The fund manager shall then arrange for additional collateral from the
counterparty, within a period of 1 business day. If the counterparty is not able to top-up either in form of
cash / collateral, it shall tantamount to early termination of the repo agreement.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 10
Risks Factors Associated with Creation of Segregated Portfolio:
Different types of securities in which the scheme would invest carry different levels and types of risk as given in
the Scheme Information Document of the scheme. In addition to the same, unitholders are requested to also note
the following risks with respect to Segregated Portfolio:
Liquidity Risk: A lower level of liquidity affecting an individual security (ies) or an entire market may have an adverse
bearing on the value of the Segregated Scheme's assets. This may more importantly affect the ability to sell
particular securities with minimal impact cost as and when necessary to meet requirement of liquidity or to sell
securities in response to triggers such as a specific economic/corporate event. Trading volumes, settlement
periods and transfer procedures may restrict the liquidity of a few of the investments. This may impact the NAV of
the segregated portfolio and could result into potential loss to the Unit holders.
Credit risk: The scheme's risk may increase or decrease depending upon its investment pattern. E.g. corporate
bonds carry a higher amount of risk than Government securities. Further, even among corporate bonds, bonds,
which are AA rated, are comparatively riskier than bonds, which are AAA rated. Investment in unrated securities
may be riskier compared to investment in rated instruments due to non-availability of third party assessment on
the repayment capability of the issuer. As the securities are unrated, an independent opinion of the rating agency
on the repayment capability of the issuer will not be available. The issuer of a debenture/ bond or a money market
instrument may default on interest payment or even in paying back the principal amount on maturity. Even where
no default occurs, the price of a security may go down because the credit rating of an issuer goes down. This may
impact the NAV of the segregated portfolio and resultant loss to the Unit holders.
Listing of units: Listing of units of segregated portfolio in recognized stock exchange does not necessarily
guarantee their liquidity. There may not be active trading of units in the stock market. Further, trading price of units
on the stock market may be significantly lower than the prevailing NAV.
Risks associated with Securities Lending and Borrowing:
Securities Lending is lending of securities through an approved intermediary to a borrower under an
agreement for a specified period with the condition that the borrower will return equivalent securities of the
same type or class at the end of the specified period along with the corporate benefits accruing on the
securities borrowed. The risks in lending portfolio securities, as with other extensions of credit, consist of the
failure of another party, in this case the approved intermediary, to comply with the terms of agreement entered
into between the lenders of securities i.e. the Scheme and the approved intermediary. Such failure to comply
can result in the possible loss of rights in the collateral put up by the borrower of the securities, the inability of
the approved intermediary to return the securities deposited by the lender and the possible loss of any
corporate benefits accruing to the lender from the securities deposited with the approved intermediary. The
Scheme may not be able to sell lent out securities, which can lead to temporary illiquidity & loss of opportunity.
Risk Factors associated with investments in Overseas Securities including Overseas ETFs:
• Investments in International (overseas) securities including Exchange Traded Funds involves increased
risk and volatility, not typically associated with domestic investing, due to changes in currency exchange
rates, foreign government regulations, differences in auditing and accounting standards, potential political
and economic instability, limited liquidity, and volatile prices. Further, risks associated with introduction of
extraordinary exchange control, economic deterioration, and changes in bi-lateral relationships.
• To the extent the assets of the scheme are invested in overseas financial assets, there may be risks
associated with currency movements, restrictions on repatriation and transaction procedures in overseas
market. Further, the repatriation of capital to India may also be hampered by changes in regulations or
political circumstances as well as the application to it of other restrictions on investment. In addition,
country risks would include events such as introduction of extraordinary exchange controls, economic
deterioration, bi-lateral conflict leading to immobilization of the overseas financial assets and the prevalent
tax laws of the respective jurisdiction for execution of trades or otherwise.
• The investment by the Scheme in overseas securities and overseas ETFs is subject to compliance with
the industry-wide limit as stipulated by RBI/SEBI from time to time. The Scheme may not be able to make
investment in overseas securities and overseas ETFs in case of breach of such industry-wide overseas
limits. In such a situation, the performance of the Scheme could be affected.
• Currency Risk: The scheme may invest in securities denominated in a broad range of currencies and
may maintain cash in such currencies. As a consequence, fluctuations in the value of such currencies
against the currency denomination of the relevant scheme will have a corresponding impact on the value
of the portfolio. Furthermore, investors should be aware that movements in the rate of exchange between
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 11
the currency of denomination of a fund and their home currency will affect the value of their shareholding
when measured in their home currency.
• Country Risk: The Country risk arises from the inability of a country, to meet its financial obligations. It is
the risk encompassing economic, social and political conditions in a foreign country, which might
adversely affect foreign investors' financial interests.
The Scheme may also invest in Foreign Securities as permitted by Reserve Bank of India and Securities and
Exchange Board of India. To the extent that some part of the assets of the Scheme may be invested in
securities denominated in foreign currencies, the Indian Rupee equivalent of the net assets, distributions and
income may be adversely affected by the changes in the value of certain foreign currencies relative to the
Indian Rupee. The repatriation of capital also may be hampered by changes in regulations concerning
exchange controls or political circumstances as well as all other restrictions on investments as applicable.
Risks associated with investments in Securitised Debt:
Domestic securitised debt assets would be in the nature of Mortgage Backed Securities (MBS) and Asset
Backed Securities (ABS) with underlying pool of assets and receivables like Housing Loans, Auto loans and
corporate loans. The Securitised debt assets and the underlying asset classes like housing loans, Auto Loans
and Corporate loans have the following risk factors.
• Limited Recourse and Credit Risk: Certificates issued on investment in securitised debt represent a
beneficial interest in the underlying receivables and there is no obligation on the issuer, seller or the
originator in that regard. Defaults on the underlying loan can adversely affect the pay outs to the investors
(i.e. the Scheme) and thereby, adversely affect the NAV of the Scheme. While it is possible to repossess
and sell the underlying asset, various factors can delay or prevent repossession and the price obtained
on sale of such assets may be low.
• Bankruptcy Risk: If the originator of securitised debt instruments in which the Scheme invests is subject
to bankruptcy proceedings and the court in such proceedings concludes that the sale of the assets from
originator to the trust was not a 'true sale', then the Scheme could experience losses or delays in the
payments due. Normally, care is taken in structuring the securitization transaction so as to minimize the
risk of the sale to the trust not being construed as a 'true sale'.
• Risk of Co-mingling: Servicers in a securitization transaction normally deposit all payments received
from the obligors into a collection account. However, there could be a time gap between collection by a
servicer and depositing the same into the collection account. In this interim period, collections from the
loan agreements by the servicer may not be segregated from other funds of the servicer. If the servicer
fails to remit such funds due to investors, investors in the Scheme may be exposed to a potential loss.
Risks associated with Mortgage Backed Securities (MBS) - Housing Loans
• Prepayment Risk: The fund may receive payment of monthly payouts earlier than scheduled.
Prepayments shorten the life of the instrument to an extent that cannot be fully predicted. The rate of
prepayments may be influenced by a variety of economic, social and other factors.
• Credit Risk: Delinquencies may happen which would reduce the principal amount. Typically, MBS
structures come with credit enhancement in variety of forms. If delinquencies are higher than the amount
available in the credit enhancement facility than the monthly payouts to the fund would reduce. Historically,
it has been observed that housing loans have lower default rates as compared to other forms of credit.
• Liquidity Risk: Historically the secondary market volume of securitised papers has been limited. This
could limit the ability of the fund to resell them. Secondary market trades could be at a discount or premium
depending upon the prevailing interest rates.
• Conversion risk: Conversion of loans from fixed rate to floating rate loans and vice versa could lead to a
change in the expected cash flows from the loans.
Risks associated with Asset Backed Securities (ABS)-Auto Loans.
• Prepayment Risk: The fund may receive payment of monthly payouts earlier than scheduled.
Prepayments shorten the life of the instrument to an extent that cannot be fully predicted. The rate of
prepayments may be influenced by a variety of economic, social and other factors. Prepayments in auto
loans is lower than housing loans as the shorter tenor of auto loans makes it economically unattractive to
prepay after considering the prepayment charges.
• Credit Risk: Delinquencies may happen which would reduce the principal amount. Typically, ABS
structures come with credit enhancement in variety of forms. If delinquencies are higher than the amount
available in the credit enhancement facility than the monthly payouts to the fund would reduce. Typically
auto loans carry higher risk than MBS as the value retention of the underlying asset is higher in MBS as
compared to the underlying asset of ABS.
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SCHEME INFORMATION DOCUMENT Page 12
• Liquidity Risk: Historically the secondary market volume of securitised papers has been limited. This
could limit the ability of the fund to resell them. Secondary market trades could be at a discount or premium
depending upon the prevailing interest rates.
Risks associated with Asset Backed Securities (ABS) - Corporate Loans
• Credit Risk: The fund has an exposure to the Borrower/Borrowers and servicing of the instrument depends
on the credit risk of the Borrower. The value of the instrument would fluctuate depending upon the changes
in the perceived level of credit risk as well as any actual default.
• Prepayment Risk: The Borrower may prepay the receivables prior to their respective due dates. This may
result in a change in the yield and tenor for the fund.
Limited Liquidity and Price Risk: Historically the secondary market volume of securitised papers has been
limited. This could limit the ability of the fund to resell them. Secondary market trades could be at a discount or
premium depending upon the prevailing interest rates.
Risks associated with investing in securities with Structured Obligations/Credit Enhancements:
• Structured obligations such as corporate / promoter guarantee: Securities which have a structure with
a guarantee from the corporate / promoter, may see an adverse effect if there are any signs of stress at
the promoter / group level, even though the standalone borrowing entity’s debt servicing capability and
repayments may not see any material impact, from a future cash flow perspective.
• It can have liquidity risk, since the market for structured products is not very deep. The primary measure
of liquidity risk is the spread between the bid price and the offer price quoted by a dealer. Liquidity risk is
today’s characteristic of the Indian fixed income market.
• If there were to be a default from this portfolio, there may be no other recourse to recovery. In simple terms
this risk means that the issuer of a debenture/ bond or a money market instrument may default on interest
payment or even in paying back the principal amount on maturity.
• The Scheme may invest in debt instruments having credit enhancements backed by equity
shares/guarantees or other any assets as collateral. The profile of these issuers tends to be relatively weak
and there may be a pledge of shares of a related party to enhance credit quality or guarantees provided or
any other asset provided as security acceptable to lenders.
• Where equity shares are provided as collateral there is the risk of sharp price volatility of underlying
securities which may lead to erosion in value of collateral which may affect the ability of the fund to enforce
collateral and recover capital and interest obligations. Also, there is a possibility of guarantor going
insolvent which can also impact the recovery value of exposure.
• In case of credit enhanced structures backed by equity share the liquidity of the underlying shares may be
low leading to a lower recovery and a higher impact cost of liquidation. In case of other assets provided
recovery value and enforce ability of asset can also be a risk factor which can lower the recovery value.
Risk Factors Associated with Investments in REITs and InvITS:
• Market Risk: REITs and InvITs Investments are volatile and subject to price fluctuations on a daily basis
owing to factors impacting the underlying assets. AMC/Fund Manager’s will do the necessary due diligence
but actual market movements may be at variance with the anticipated trends.
• Liquidity Risk: As the liquidity of the investments made by the Scheme(s) could, at times, be restricted by
trading volumes, settlement periods, dissolution of the trust, potential delisting of units on the exchange
etc, the time taken by the Mutual Fund for liquidating the investments in the scheme may be high in the
event of immediate redemption requirement. Investment in such securities may lead to increase in the
scheme portfolio risk.
• Reinvestment Risk: Investments in REITs & InvITs may carry reinvestment risk as there could be
repatriation of funds by the Trusts in form of buyback of units or dividend pay-outs, etc. Consequently, the
proceeds may get invested in assets providing lower returns.
• Regulatory/Legal Risk: REITs and InvITs being new asset classes, rights of unit holders such as right to
information etc may differ from existing capital market asset classes under Indian Law.
The above are some of the common risks associated with investments in REITs & InvITs. Investment
results may vary substantially on a monthly, quarterly or annual basis.
Risk factors associated with instruments having special features:
• The scheme shall invest in certain debt instruments with special features which may be subordinated to
equity and thereby such instruments may absorb losses before equity capital. The instrument is also
convertible to equity upon trigger of a pre-specified event for loss absorption as may be decided by the
RBI.
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SCHEME INFORMATION DOCUMENT Page 13
• The debt instruments with special features are considered as Non-Convertible Debentures, may be treated
as debt instruments until converted to equity.
• The instruments are subject to features that grants issuer a discretion in terms of writing down the
principal/coupon, to skip coupon payments, to make an early recall etc. Thus, debt instruments with special
features are subject to “Coupon discretion”, “Loss Absorbency”, “Write down on Point of Non-viability
trigger (PONV) event” and other events as more particularly described as per the term sheet of the
underlying instruments.
• The instrument is also subject to Liquidity Risk pertaining to how saleable a security is in the market. The
particular security may not have a market at the time of sale due to uncertain/insufficient liquidity in the
secondary market, then the scheme may have to bear an impact depending on its exposure to that
particular security.
Risk associated with imperfect hedging includes:
• Basic Risk: The risk arises when the price movements in derivative instrument used to hedge the
underlying assets do not match the price movements of the underlying assets being hedged. Such a
difference may potentially amplify the gains or losses, thus adding risk to the position.
• Price Risk: The risk of mispricing or improper valuation and the inability of derivatives to correlate perfectly
with underlying assets, rates, and indices.
• Risk of mismatch between the instruments: The risk arises if there is a mismatch between the prices
movements in derivative instrument used to hedge, compared to the price movement of the underlying
assets being hedged. For example, when IRF which has government security as underlying is used, to
hedge a portfolio that contains corporate debt securities.
B. RISK CONTROL STRATEGIES
Investments made by the Scheme would be in accordance with the investment objectives of the Scheme and
provisions of SEBI (MF) Regulations. Since investing requires disciplined risk management, the AMC would
incorporate adequate safeguards for controlling risks in the portfolio construction process. The risk control
process involves identifying risks and taking proper measures for the same. The AMC believes that this
diversification would help achieve the desired level of consistency in returns. The Scheme may also use
various derivatives products for the purpose of trading, hedging and portfolio balancing from time to time, with
an attempt to protect the value of the portfolio and enhance Unitholders' interest. While these measures are
expected to mitigate the above risks to a large extent, there can be no assurance that these risks would be
completely eliminated.
Risk Mitigation measures for investments in Debt / Debt related instruments:
Credit Risk
Every investment in Debt and Money Market Instruments of any issuer would be made in accordance with
Credit policy as defined and established by AMC from time to time. The Credit Policy, which is reviewed and
monitored on a regular basis by Investment Committee, inter alia, enumerates issuer selection process, the
various parameters to be considered for setting up credit exposure limits and Credit authorisation matrix for
such limits, credit monitoring process etc.
The following parameters shall be considered for selection:
(i) The exposure to a counter party is based on the networth of the counterparty. The fund manager would
do a risk assessment of the issuer before making the investments. Further, continuous monitoring of the
networth of the company is done. The risk assessment by the fund manager includes the monitoring of
the following:
I. Capital Structure
II. Debt Service coverage ratio
III. Interest coverage
IV. Profitability margin
V. Current ratio
(ii) The fund managers determine the sector to which the counter party relates. The fund managers assigns
risk weightages to sectors and shall not invest in sectors which carry a high credit risk. The risk weightages
are based upon various factors like the nature of products/services of the sector, current state and future
outlook for the sector, subsidies provided to the sector and government regulations for the sector.
(iii) The fund manager shall also check the track record of the company in terms of its financials and any
defaults to its creditors.
(iv) The fund managers shall consider the track record of the sponsor/ parent of the counterparty. It includes
the financials of the sponsor/ parent company and whether the parent/sponsor has defaulted in the past.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 14
(v) The fund manager can also have a call with the Management of the company as a part of its research of
the company.
(vi) The fund manager will also check for Credit Default Swaps spreads of the company in global market, if
any available.
The above parameters are dependent upon the information available at the time of due diligence. The fund
manager shall endeavour to include all these parameters but investors should note that these parameters are
indicative and can change from time to time at the discretion of the fund manager.
Price-Risk or Interest-Rate Risk
Generally, when interest rates rise, prices of fixed income securities fall and when interest rates drop, the
prices increase. As with all debt securities, changes in interest rates may affect the NAV of the Scheme since
the price of a fixed income instrument falls when the interest rates move up and vice versa. The effect is more
prominent when the duration of the instrument is higher. The extent of fall or rise in the prices is a function of
the existing coupon, days to maturity and the increase or decrease in the level of interest rates. These types
of events may result in loss of value in the portfolio. In order to mitigate interest rate risk or price risk the fund
may invest in short maturity instruments and may keep the duration lower in rising interest rates scenario.
C. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME
The Scheme shall have a minimum of 20 investors and no single investor shall account for more than 25% of
the corpus of the Scheme. However, if such limit is breached during the NFO of the Scheme, the Fund will
endeavour to ensure that within a period of three months or the end of the succeeding calendar quarter from the
close of the NFO of the Scheme, whichever is earlier, the Scheme complies with these two conditions. In case
the Scheme does not have a minimum of 20 investors in the stipulated period, the provisions of Regulation
39(2)(c) of the SEBI (MF) Regulations would become applicable automatically without any reference from SEBI
and accordingly the Scheme shall be wound up and the units would be redeemed at applicable NAV. The two
conditions mentioned above shall also be complied with within each subsequent calendar quarter thereafter, on
an average basis, as specified by SEBI. If there is a breach of the 25% limit by any investor over the quarter, a
rebalancing period of one month would be allowed and thereafter the investor who is in breach of the rule shall
be given 15 days’ notice to redeem his exposure over the 25% limit. Failure on the part of the said investor to
redeem his exposure over the 25% limit within the aforesaid 15 days would lead to automatic redemption by the
Mutual Fund on the applicable Net Asset Value on the 15
th
day of the notice period. The Fund shall adhere to
the requirements prescribed by SEBI from time to time in this regard.
D. SPECIAL CONSIDERATIONS
• Changes in Government Policy in general and changes in tax benefits applicable to mutual funds may
impact the returns to investors in the Scheme. As is the case with any investment, there can be no
guarantee that the tax position or the proposed tax position prevailing at the time of an investment in the
Scheme will endure indefinitely. In view of the individual nature of tax consequences, each Unitholder is
advised to consult his / her own professional tax advisor.
• The NAV of the Scheme may be affected by changes in the general market conditions, factors and forces
affecting capital market in particular, level of interest rates, various market related factors, settlement
periods and transfer procedures.
• The Trustee, AMC, Mutual Fund, their directors or their employees shall not be liable for any of the tax
consequences that may arise, in the event that the Scheme is wound up for the reasons and in the manner
provided in Statement of Additional Information (SAI) / Scheme Information Document.
• Mutual Funds are vehicles of securities investments that are subject to market and other risks and there
can be no guarantee against loss resulting from investing in the Scheme. The various factors that impact
the value of the Scheme's investments include, but are not restricted to, fluctuations in the bond markets,
fluctuations in interest rates, prevailing political and economic environment, changes in government policy,
factors specific to the issuer of the securities, tax laws, liquidity of the underlying instruments, settlement
periods, trading volumes etc.
• Redemptions due to change in the fundamental attributes of the Scheme or due to any other reasons may
entail tax consequences.
• Growth, appreciation, IDCW, bonus, income, etc. if any, referred to in this Document are subject to the
tax laws and other fiscal enactments as they exist from time to time.
• Investors should study this SID carefully in its entirety and should not construe the contents hereof as
advice relating to legal, taxation, investment or any other matters. Investors may, if they wish, consult their
legal, tax, investment and other professional advisors to determine possible legal, tax, financial or other
considerations of subscribing to or redeeming Units, before taking a decision to invest/redeem Units.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 15
Investors who intend to invest in the Scheme are required to and deemed to have understood the risk
factors associated with the Scheme.
• From time to time, funds managed by the associates of the Sponsor may invest either directly or indirectly
in the Scheme. The funds managed by these associates may acquire a substantial portion of the
Scheme's Units and collectively constitute a major investment in the Scheme. Accordingly, Redemption
of Units held by such funds may have an adverse impact on the value of the Units of the Scheme because
of the timing of any such Redemption and may affect the ability of other Unit Holders to redeem their
respective Units.
• A Unitholder may invest in the scheme and acquire a substantial portion of the scheme units. The
repurchase of units by the Unitholder may have an adverse impact on the units of the scheme, because
the timing of such repurchase may impact the ability of other Unit holders to repurchase their units.
• In respect of transaction in Units of the Scheme through Stock Exchange Platform for Mutual Funds,
allotment and redemption of Units on any Business Day will depend upon the modalities of processing
viz. collection of application form, the order processing / settlement by respective stock exchanges and
their respective clearing corporations, on which the Fund has no control. Moreover, transactions
conducted through the Stock Exchange Platform shall be governed by the guidelines and directives issued
by respective recognised stock exchange(s).
• The Product labeling mandated by SEBI is to provide investors an easy understanding of the risk involved
in the kind of product / scheme they are investing to meet their financial goals. The Riskometer categorizes
the scheme of Fund under different levels of risk based on the respective scheme's investment objective,
asset allocation pattern, investment strategy and typical investment time horizon of investors. Therefore,
the scheme falling under the same level of risk in the Riskometer may not be similar in nature. Investors
are advised before investing to evaluate a scheme not only on the basis of the Product labeling (including
the Riskometer) but also on other quantitative and qualitative factors such as performance, portfolio, fund
managers, asset manager, etc. and shall also consult their financial advisers, if they are unsure about the
suitability of the scheme before investing. Further, pursuant to para 17.4.1 of SEBI Master Circular on
Mutual Funds dated May 19, 2023, Risk-o-meters shall be evaluated on a monthly basis and Mutual
Funds/AMCs shall disclose the Risk-o-meters along with portfolio disclosure for their schemes on their
website and on AMFI website within 10 days from the close of each month. Mutual Funds shall also
disclose the risk level of schemes as on March 31 of every year, along with number of times the risk level
has changed over the year, on their website and AMFI website.
• The AMC and its Registrar reserve the right to disclose/share investors’ personal information with the
following third parties:
1. Registrar, Banks and / or authorised external third parties who are involved in transaction processing,
dispatches, etc., of investors’ investment in the Scheme;
2. Distributors or Sub-brokers through whom applications of investors are received for the Scheme; or
3. Any other organisations for compliance with any legal or regulatory requirements or to verify the
identity of investors for complying with anti-money laundering requirements.
Account statements or financial information pertaining to the investor, if it is to be sent over the internet to
the Unitholder, distributors or any other entity as indicated above, will be sent only through a secure means
and / or through encrypted electronic mail.
• The Mutual Fund may disclose details of the investor’s account and transactions there under to those
intermediaries whose stamp appears on the application form. In addition, the Mutual Fund may disclose
such details to the bankers / its agents, as may be necessary for the purpose of effecting payments to the
investor. Further, the Mutual Fund may disclose details of the investor’s account and transactions
thereunder to any Regulatory/Statutory entities as per the provisions of law.
• Neither this Document nor the Units have been registered in any jurisdiction. The distribution of this
Document in certain jurisdictions may be restricted or totally prohibited due to registration requirements
and accordingly, persons who come into possession of this Document are required to inform themselves
about and to observe any such restrictions and or legal compliance requirements.
• Other Activities of ABSLAMC
1. Aditya Birla Sun Life AMC Limited is registered with SEBI vide Registration Certificate
no.PM/INP000000597 to act as Portfolio Manager under SEBI (Portfolio Managers) Regulations,
1993.
2. Aditya Birla Sun Life AMC Limited is also appointed as an investment manager to the Venture Capital
Fund- Aditya Birla Real Estate Fund (bearing Registration No. IN/VCF/09-10/169 dated February 26,
2010 registered with SEBl under the SEBI (Venture Capital Funds) Regulations, 1996.
3. SEBI vide its letters dated August 20, 2009 having reference no. IMD/SM/174044/2009 and August
16, 2010 having reference no. IMD/SM/16522/10 granted its no-objection to Aditya Birla Sun Life AMC
Limited (ABSLAMC) to set up wholly owned subsidiaries, namely; Aditya Birla Sun Life Asset
Management Company Pte Ltd., incorporated in the Republic of Singapore under the Companies Act,
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 16
Cap. 50 bearing license no CMSI00176-l; Aditya Birla Asset Management Company Ltd., incorporated
in Dubai under the Companies Law, DIFC Law no.2 of 2009 bearing registration no. 0993, for
undertaking fund management services, investment advisory services, distribution of financial
products or any such permissible activity subject to SEBI (Mutual Funds) Regulations, 1996. Further,
its subsidiary company, Aditya Birla Sun Life AMC (Mauritius) Limited (erstwhile Birla Sun Life AMC
(Mauritius) Limited), is registered with Financial Service Commission and acts as Investment Manager
to India Advantage Fund Limited, a Collective Investment Company set-up in Mauritius having license
no. OC96002833 under approval of SEBI vide its letter dated April l8, 1996 having reference no.
IIMARP/1108/96.
4. ABSLAMC also acts as an Investment Manager to Aditya Birla Real Estate Debt Fund (Category II)
registered with Securities and Exchange Board of India (SEBI) on January 27, 2016 at Mumbai having
registration number as IN/AIF2/15-16/0200.
5. Further, the Company has also received SEBI registration for Alternative Investment Fund (AIFs)
Category III namely ‘Aditya Birla Sun Life AIF Trust – I’ under registration code IN/AIF3/17-18/0319
dated April 11, 2017 and AIF Category II namely ‘Aditya Birla Sun Life AIF Trust – II’ under registration
code IN/AIF2/17-18/0513 dated January 19, 2018.
6. Pursuant to the no-objection from SEBI vide its email dated July 15, 2020, ABSLAMC will offer non-
binding Investment Advisory Services (including credit research) to Funds/Schemes managed by
Aditya Birla Sun Life Asset Management Company Pte. Limited, a wholly owned subsidiary of
ABSLAMC incorporated in Singapore. While undertaking the aforesaid business activity, ABSLAMC
will ensure that (i) There is no conflict of interest with the activities of the Fund; (ii) Interest of the Unit
holder(s) of the Schemes of the Fund are protected at all times; and (iii) This business activity is in
Compliance with the provisions of Regulation 24(b) of SEBI (Mutual Funds) Regulations, 1996 and
relevant circulars issued in this regard from time to time.
7. Pursuant to the no-objection from SEBI vide its letter dated August 02, 2022 and subsequent approval
from International Financial Services Centres Authority (“IFSCA”) on November 28, 2022, ABSLAMC
will act as a “Registered Fund Management Entity (Non-Retail)” and will carry out Alternative
Investment Fund (‘AIF’) and Portfolio Management Services (PMS) activities through a branch office
in Gujarat International Finance Tec-City (GIFT City).
These activities are being undertaken in compliance with the provisions of Regulation 24(b) of SEBI
(Mutual Funds) Regulations and such other applicable regulations and there is no conflict of interest.
E. DEFINITIONS
In this Scheme Information Document, the following words and expressions shall have the meaning specified
herein, unless the context otherwise requires:
“AMC” or “Asset
Management
Company or
“Investment
Manager” or
“ABSLAMC”
Aditya Birla Sun Life AMC Limited, incorporated under the provisions of
Companies Act, 1956 and approved by the Securities and Exchange Board of India
to act as the Asset Management Company for the scheme(s) of Aditya Birla Sun
Life Mutual Fund.
“Applicable NAV”
The NAV applicable for purchase or redemption or switching, based on the time of
the Business Day on which the application is accepted.
“Applications
Supported by
Blocked Amount” or
“ASBA”
ASBA is an application containing an authorization given by the Investor to block
the application money in his specified bank account towards the subscription of
Units offered during the NFO of the Scheme.
If an investor is applying through ASBA facility, the application money towards the
subscription of Units shall be debited from his specified bank account only if his/her
application is selected for allotment of Units.
“Beneficial owner”
As defined in the Depositories Act 1996 (22 of 1996) means a person whose name
is recorded as such with a depository.
“Business Day”
A day other than:
− Saturday and Sunday or
− A day on which the banks in Mumbai and / RBI are closed for business /
clearing or
− A day on which the Stock Exchange, Mumbai is closed or
− A day, which is a public and /or bank holiday at an Investor Service Centre
where the application is received or
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 17
− A day on which Sale and Repurchase of Units is suspended by the AMC or
− A day on which normal business cannot be transacted due to storms, floods,
bandhs, strikes or such other events as the AMC may specify from time to
time.
The AMC reserves the right to declare any day as a Business Day or otherwise at
any or all Investor Service Centers.
"Call Money"/
"Money at Call"
Refers to the money lent by Mutual Funds in the Interbank Call Money Market,
subject to necessary regulatory approvals
"Call Option"
Call option is a financial contract between two parties, the buyer and the seller of
the option. The call allows the buyer the right (but not the obligation) to buy a
financial instrument (the underlying instrument) from the seller of the option at a
certain time for a certain price (the strike price). The seller assumes the
corresponding obligations. Note that the seller of the option undertakes to sell the
underlying in exchange.
“Consolidated
Account Statement”
or “CAS”
Consolidated Account Statement is a statement containing details relating to all the
transactions across all mutual funds viz. purchase, redemption, switch, IDCW payout,
reinvestment of IDCW, Systematic Investment Plan, Systematic Withdrawal Plan,
Systematic Transfer Plan and bonus transactions, etc.
“Corporate debt
securities”
Corporate debt securities shall mean non-convertible debt securities, including
debentures, bonds and such other securities of a company or a body corporate
constituted by or under a Central or State Act, whether constituting a charge on
the assets of the company or body corporate or not, but does not include debt
securities issued by Government.
“Custodian”
A person who has been granted a certificate of registration to carry on the business of
custodian of securities under the Securities and Exchange Board of India (Custodian of
Securities) Regulations 1996, which for the time being is Citibank NA.
“Depository”
Depository as defined in the Depositories Act, 1996 (22 of 1996) and in this SID
refers to the National Securities Depository Limited (NSDL) and Central Depository
Services (India) Limited (CDSL).
“Depository
Participants”
Depository Participant (DP) means a person registered as such under sub-section
(1A) of section 12 of the SEBI Act, 1992.
“Distributor”
Such persons/firms/ companies/ corporates who fulfill the criteria laid down by
SEBI / AMFI from time to time and empaneled by the AMC to distribute / sell
/market the schemes of the Fund.
“Exit Load”
Load on Redemption / Repurchase / Switch out Units.
"Equity related
instruments"
Equity related instruments include convertible debentures, convertible preference
shares, warrants carrying the right to obtain equity shares, equity derivatives and
such other instrument as may be specified by the Board from time to time.
"Fixed Income
Securities"
Debt Securities created and issued by, inter alia, Central Government, State
Government, Local Authorities, Municipal Corporations, PSUs, Public Companies,
Private Companies, Bodies Corporate, Unincorporated SPVs and any other
entities which may be recognized / permitted which yield a fixed or variable rate by
way of interest, premium, discount or a combination of any of them.
“Foreign Portfolio
Investor” or
“FPI”
Means a person who satisfies the eligibility criteria prescribed under regulation 4
of SEBI (Foreign Portfolio Investors) Regulations, 2014 and has been registered
under Chapter II of these regulations, which shall be deemed to be an intermediary
in terms of the provisions of the Securities and Exchange Board of India Act, 1992.
Provided that any foreign institutional investor or qualified foreign investor who
holds a valid certificate of registration shall be deemed to be a foreign portfolio
investor till the expiry of the block of three years for which fees have been paid as
per the Securities and Exchange Board of India (Foreign Institutional Investors)
Regulations, 1995.
“Fund Manager”
Person/s managing the scheme.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 18
“Gilt or Government
Securities”
Securities created and issued by the Central Government and/or a State
Government (including Treasury Bills) or Government Securities as defined in the
Public Debt Act, 1944, as amended or re-enacted from time to time.
Income Distribution
cum capital
withdrawal
(“IDCW”)
When units are sold, and sale price (NAV) is higher than face value of the unit, a
portion of sale price that represents realized gains is credited to an Equalization
Reserve Account (investors capital) and this amount can be distributed to investors
under this option.
“Investment
Management
Agreement”
The agreement dated December 16, 1994, entered into between Aditya Birla Sun
Life Trustee Private Limited and Aditya Birla Sun Life AMC Limited, as amended
from time to time.
“Investor Service
Centres” or “ISCs”
or “Official Points of
acceptance of
transactions”
Designated branches of Aditya Birla Sun Life AMC Limited or such other enters /
offices as may be designated by the AMC from time to time. All these locations are
official points of acceptance of transactions and cut-off time as mentioned in the
Scheme Information Document shall be reckoned at these official points.
“Load”
In the case of Repurchase / Redemption / Switch out of a Unit, the sum of money
deducted from the Applicable NAV on the Repurchase / Redemption / Switch out
and in the case of Sale / Switch in of a Unit, a sum of money to be paid by the
prospective investor on the Sale / Switch in of a Unit in addition to the Applicable
NAV.
“Main Portfolio”
Main Portfolio shall mean the Scheme portfolio excluding the Segregated Portfolio.
"Market
Capitalisation"
Market value of the listed company, which is calculated by multiplying its current
market price by number of its shares outstanding.
“Money Market
Instruments”
Money Market Instruments include Commercial papers, commercial bills, treasury
bills, Government securities having an unexpired maturity upto one year, call or
notice money, certificate of deposit, usance bill and any other like instruments as
specified by the Reserve Bank of India/SEBI from time to time subject to regulatory
approvals, if any
“Mutual Fund” or
“the Fund”
Aditya Birla Sun Life Mutual Fund, a trust set up under the provisions of the Indian
Trusts Act, 1882.
“NAV”
Net Asset Value per Unit of the Scheme, calculated in the manner described in this
Scheme Information Document or as may be prescribed by the SEBI (MF)
Regulations from time to time.
“New Fund Offer
(NFO)”
Offer of units of Aditya Birla Sun Life Quant Fund during the New Fund Offer.
“NRI”
A Non-Resident Indian or a Person of Indian Origin residing outside India.
“Overseas Citizen of
India” or “OCI”
A person registered as an overseas citizen of India by the Central Government
under section 7A of ‘The Citizenship Act, 1955’. The Central Government may
register as an OCI a foreign national (except a person who is or had been a citizen
of Pakistan or Bangladesh or such other person as may be specified by Central
Government by notification in the Official Gazette), who was eligible to become a
citizen of India on 26.01.1950 or was a citizen of India on or at any time after
26.01.1950 or belonged to a territory that became part of India after 15.08.1947
and his/her children and grandchildren (including Minor children), provided his/her
country of citizenship allows dual citizenship in some form or other under the local
laws.
“Person of Indian
Origin” or “PIO”
A citizen of any country other than Bangladesh or Pakistan, if (a) he at any time
held an Indian passport; or (b) he or either of his parents or any of his grandparents
was a citizen of India by virtue of the Constitution of India or the Citizenship Act,
1955 (57 of 1955); or (c) the person is a spouse of an Indian citizen or a person
referred to in sub-clause (a) or (b).
"Put Option"
Put option is a financial contract between two parties, the buyer and the seller of
the option. The put allows the buyer the right (but not the obligation) to sell a
financial instrument (the underlying instrument) to the seller of the option at a
certain time for a certain price (the strike price). The seller assumes the
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 19
corresponding obligations. Note that the seller of the option undertakes to buy the
underlying in exchange.
“RBI”
Reserve Bank of India, established under the Reserve Bank of India Act, 1934.
"RBI Regulations"
Rules, regulations, guidelines or circulars as notified by RBI from time to time.
“Recognised Stock
Exchange”
Stock exchanges recognized by SEBI.
"Redemption Price"
Redemption Price to an investor of Units under the Scheme (including Options
thereunder) computed in the manner indicated elsewhere in this SID.
“Register of
Unitholders”
Register of unitholders for the purposes of IDCW declaration shall mean the
Statement of Beneficiary Position as may be received from the Depositories on the
record date and the records of unitholders maintained by the Registrar and
Transfer Agent in case of units not held in electronic (demat) form.
“Registrar and
Transfer Agent”
Computer Age Management Services Limited (CAMS) is currently acting as
registrar to the Scheme, or any other registrar appointed by the AMC from time to
time.
“Repurchase /
Redemption”
Repurchase / Redemption of Units of the Scheme as permitted.
"Repo/ Reverse
Repo"
Sale/ Purchase of Government Securities as may be allowed by RBI from time to
time with simultaneous agreement to repurchase/resell at a later date.
"Sale /
Subscription"
Sale or allotment of Units to the Unit holder upon subscription by the investor /
applicant under the Scheme.
“Scheme Information
Document” or “SID”
This document issued by Aditya Birla Sun Life Mutual Fund, inviting offer for
subscription to the units of the scheme for subscription.
“SEBI”
Securities and Exchange Board of India, established under the Securities and
Exchange Board of India Act, 1992.
“SEBI (MF)
Regulations” or
“Regulations”
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, as
amended from time to time.
“Segregated
Portfolio”
Segregated Portfolio shall mean a portfolio, comprising of debt or money market
instrument affected by a credit event that has been segregated in a Mutual Fund
Scheme.
“Self Certified
Syndicate Bank” or
“SCSB”
Means a banker to an issue registered with the SEBI, which offers the facility of
ASBA.
Single Consolidated
Account Statement
“SCAS”
Single Consolidated Account Statement sent by Depositories is a statement
containing details relating to all financial transactions made by an investor across
all mutual funds viz. purchase, redemption, switch, IDCW payout, reinvestment of
IDCW, systematic investment plan, systematic withdrawal plan, systematic
transfer plan, bonus etc. (including transaction charges paid to the distributors) and
transaction in dematerialised securities across demat accounts of the investors
and holding at the end of the month.
“Statement of
Additional
Information” or
“SAI”
The document issued by Aditya Birla Sun Life Mutual Fund containing details of Mutual
Fund, its constitution, and certain tax, legal and general information. It is incorporated
by reference & is legally a part of the Scheme Information Document.
“Stock Exchange
Platform for Mutual
Funds”
Mutual Fund Service System (MFSS) of NSE and/or Bombay Stock Exchange Platform
for Allotment and Redemption of Mutual Fund units (BSE StAR MF) of BSE. The
transactions carried out on the above platform(s) shall be subject to such guidelines as
may be issued by the respective stock exchanges and also SEBI (MF) Regulations and
circulars/guidelines issued thereunder from time to time.
“Switch”
Redemption of a unit in any scheme of the Mutual Fund against purchase of a unit
in another scheme (including the plans therein) of the Mutual Fund, subject to
completion of lock-in period, if any, of the units of the scheme(s) from where the
units are being switched and applicable load structure.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 20
“The Scheme”
Aditya Birla Sun Life Quant Fund
“Total Portfolio”
Total Portfolio shall mean the Scheme portfolio including the securities affected by
the credit event.
“Tri-party Repo”
Tri-party repo is a type of repo contract where a third entity (apart from the borrower
and lender), called a Tri-Party Agent, acts as an intermediary between the two
parties to the repo to facilitate services like collateral selection, payment and
settlement, custody and management during the life of the transaction.
“Trustee”
Aditya Birla Sun Life Trustee Private Limited incorporated under the provisions of
the Companies Act, 1956 and approved by SEBI to act as Trustee to the schemes
of Aditya Birla Sun Life Mutual Fund (ABSLMF).
“Trust Deed”
The Trust Deed dated December 16, 1994 (read with all amendments and
supplemental trust deeds thereto) made by and between the Sponsor and Aditya Birla
Sun Life Trustee Private Limited (“Trustee”), thereby establishing an irrevocable trust,
called Aditya Birla Sun Life Mutual Fund as amended from time to time.
“Unit”
The interest of the Unit holder, which consists of, each Unit representing one
undivided share in the assets of the Scheme.
“Unit holder”
A person holding Units in the Scheme of the Aditya Birla Sun Life Mutual Fund
(ABSLMF) offered under this Scheme Information Document.
Interpretation
For all purposes of this Scheme Information Document, except as otherwise expressly provided or unless the
context otherwise requires, the terms defined in this Scheme Information Document include the plural as well as
the singular. Pronouns having a masculine or feminine gender shall be deemed to include the other. Words and
expressions used herein but not defined herein shall have the meanings respectively assigned to them therein
under the SEBI Act or the SEBI (MF) Regulations.
F. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY
The Asset Management Company confirms that a Due Diligence Certificate duly signed by the Compliance
Officer of Aditya Birla Sun Life AMC Limited, has been submitted to SEBI on May 23, 2024 which reads as
follows:
Due Diligence Certificate
It is confirmed that:
(i) The Scheme Information Document forwarded to SEBI is in accordance with the SEBI (Mutual Funds)
Regulations, 1996 and the guidelines and directives issued by SEBI from time to time.
(ii) All legal requirements connected with the launching of the scheme as also the guidelines, instructions,
etc., issued by the Government and any other competent authority in this behalf, have been duly complied
with.
(iii) The disclosures made in the Scheme Information Document are true, fair and adequate to enable the
investors to make a well informed decision regarding investment in the proposed scheme.
(iv) The intermediaries named in the Scheme Information Document and Statement of Additional Information
are registered with SEBI and their registration is valid, as on date.
(v) The contents of the Scheme Information Document including figures, data, yields, etc. have been
checked and are factually correct.
(vi) The AMC has complied with the set of checklist applicable for Scheme Information Documents.
Sd/-
PLACE: Mumbai
Mr. Parth Makwana
DATE: May 23, 2024
Compliance Officer
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 21
Section II – INFORMATION ABOUT THE SCHEME
A. TYPE OF THE SCHEME
Aditya Birla Sun Life Quant Fund is an open ended equity scheme following Quant based investment theme.
B. INVESTMENT OBJECTIVE
C. ASSET ALLOCATION AND INVESTMENT PATTERN
Under normal circumstances, the asset allocation of the Scheme will be as follows:
# including equity ETFs
^ including debt ETFs and debt derivatives
Exposure to equity derivatives instruments for hedging & other than hedging (including writing covered call
options in line with SEBI guidelines) may be to the extent of 50% of the net equity assets of the Scheme. Debt
derivative exposure to the extent of 20% of debt securities.
Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any
exposure. SEBI vide letter dated November 3, 2021, has clarified that Cash Equivalent shall consist of
Government Securities, T-Bills and Repo on Government Securities.
In line with para 12.24 of SEBI Master Circular on Mutual Funds dated May 19, 2023 , the cumulative gross
exposure to equity, equity related instruments including ETFs, debt, money market instruments, units issued
by REITs & InvITs, derivatives, repo transactions and such other securities/assets as may be permitted by the
Board from time to time subject to regulatory approvals, if any should not exceed 100% of the net assets of
the Scheme.
The Scheme may seek to invest upto 20% of its net assets in foreign securities as per para 12.19 of SEBI
Master Circular on Mutual Funds dated May 19, 2023.
This Scheme seeks to invest an amount of US $ 50 million in overseas securities and US $ 20 million in
overseas ETFs, subject to guidelines laid down as per para 12.19 of SEBI Master Circular on Mutual Funds
dated May 19, 2023. Further, the said limits shall be valid for a period of six months from the date of closure
of NFO. Post completion of the six months, the relevant para 12.19.1.3.c. of SEBI Master Circular on Mutual
Funds dated May 19, 2023 shall be applicable. In line with para 12.19 of SEBI Master Circular on Mutual
Funds dated May 19, 2023, for overseas ETFs, Mutual Funds can make investment subject to a maximum of
US $ 300 million per Mutual Fund within the overall industry limit of US $ 1 billion.
The investment by the Scheme in overseas securities and overseas ETFs is subject to compliance with the
industry-wide limit as stipulated by RBI/SEBI from time to time. The Scheme may not be able to make
investment in overseas securities and overseas ETFs in case of breach of such industry-wide overseas limits.
In such a situation, the performance of the Scheme could be affected.
The investment objective of the Scheme is to generate long term capital appreciation by investing in equity
and equity related securities based on quant model theme .
The Scheme does not guarantee/indicate any returns. There is no assurance that the investment
objective of the Scheme will be achieved.
Instruments
Risk profile
Allocation
(% of total Assets)
Minimum
Maximum
Equity & Equity related instruments
#
based on quant
model theme
Very High
80%
100%
Equity & Equity related instruments
#
other than quant
model theme
Very High
0%
20%
Debt and Money Market Instruments^
Low to Moderate
0%
20%
Units issued by REITs & InvITs
Very High
0%
10%
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 22
The Scheme intends to invest in repo /reverse repo in corporate debt securities, upto 10% of the net assets
of the Scheme as per para 12.18.1.1 of SEBI Master Circular on Mutual Funds dated May 19, 2023.
Exposure limit for Securities Lending and Borrowing:
Subject to SEBI (MF) Regulations and in accordance with Securities Lending Scheme, 1997 & para 12.11 of
SEBI Master Circular on Mutual Funds dated May 19, 2023, as amended from time to time, the Scheme may
engage in Stock Lending subject to the following limits:
(i) Not more than 20% of the net assets of the Scheme can be deployed in Stock Lending; and
(ii) Not more than 5% of the net assets of the Scheme can be deployed in Stock Lending to a single
intermediary level.
Investment in securitized debt excluding foreign securitized debt shall not exceed 20% of the debt portfolio.
The Scheme may invest in mutual fund units upto 5% of the net assets of the Scheme, subject to the limits
prescribed in Clause 4 of Seventh Schedule of SEBI (Mutual Funds) Regulations, 1996.
In line with para 12.3 of SEBI Master Circular on Mutual Funds dated May 19, 2023, the Scheme may invest
in debt instruments having Structured Obligations / Credit Enhancements subject to the following:
• The investment of the Scheme in the following instruments shall not exceed 10% of the debt portfolio of
the Scheme and the group exposure in such instruments shall not exceed 5% of the debt portfolio of the
Scheme:
i. Unsupported rating of debt instruments (i.e. without factoring-in credit enhancements) is below
investment grade; and
ii. Supported rating of debt instruments (i.e. after factoring-in credit enhancement) is above investment
grade.
The above limits shall not be applicable on investments in securitized debt instruments.
The Scheme shall not invest more than 10% of its NAV of the debt portfolio of the scheme in such instruments
having special features or as permitted by SEBI from time to time and as prescribed under para 12.2 of SEBI
Master Circular on Mutual Funds dated May 19, 2023, or such other circular issued by SEBI from time to time.
• Investment by the Scheme in debt instruments, having credit enhancements backed by equity shares
directly or indirectly, shall have a minimum cover of 4 times considering the market value of such shares.
Further, the investment in debt instruments having credit enhancements should be sufficiently covered to
address the market volatility and reduce the inefficiencies of invoking of the pledge or cover, whenever
required, without impacting the interest of the investors. In case of fall in the value of the cover below the
specified limit, AMCs will initiate necessary steps to ensure protection of the interest of the investors.
The Scheme will not invest in Credit Default Swaps, commodity derivatives and short selling.
Change in Asset Allocation
Rebalancing due to Short Term Defensive Consideration
Due to market conditions, the AMC may invest beyond the range set out in the asset allocation. Such
deviations shall normally be for a short term and defensive considerations as per para 1.14.1.2 of SEBI Master
Circular on Mutual Funds dated May 19, 2023, and the fund manager will rebalance the portfolio within 30
calendar days from the date of deviation.
Rebalancing due to Passive Breach:
Further, as per para 2.9 of SEBI Master Circular on Mutual Funds dated May 19, 2023, as may be amended
from time to time, in the event of deviation from mandated asset allocation due to passive breaches
(occurrence of instances not arising out of omission and commission of the AMC), the fund manager shall
rebalance the portfolio of the Scheme within 30 Business Days. In case the portfolio of the Scheme is not
rebalanced within the period of 30 Business Days, justification in writing, including details of efforts taken to
rebalance the portfolio shall be placed before the Investment Committee of the AMC. The Investment
Committee, if it so desires, can extend the timeline for rebalancing up to sixty (60) Business Days from the
date of completion of mandated rebalancing period. Further, in case the portfolio is not rebalanced within the
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 23
aforementioned mandated plus extended timelines the AMC shall comply with the prescribed restrictions, the
reporting and disclosure requirements as specified in para 2.9 of SEBI Master Circular on Mutual Funds dated
May 19, 2023.
D. INVESTMENT BY SCHEME
Subject to the SEBI (MF) Regulations, the corpus of the Scheme can be invested in any (but not exclusively)
of the following securities:
1. Equity and Equity related instruments, including equity ETFs, convertible bonds, debentures and warrants
carrying the right to obtain equity shares.
2. Securities created and issued by Governments of India and/or reverse repos in such Government
Securities / Treasury Bills as may be permitted by RBI.
3. Securities guaranteed by the Central and State Governments (including but not limited to coupon bearing
bonds, zero coupon bonds and treasury bills).
4. Fixed Income Securities of domestic Government agencies and statutory bodies, which may or may not
carry a Central/State Government guarantee.
5. Corporate debt and securities (of both public and private sector undertakings) including Bonds,
Debentures, Notes, Strips etc.
6. Money Market Instruments including commercial papers, commercial bills, treasury bills, Government
securities having an unexpired maturity upto one year, call or notice money, certificate of deposit, usance
bill and any other like instruments as specified by the Reserve Bank of India/SEBI from time to time subject
to regulatory approvals, if any.
7. Certificate of Deposits (CDs).
8. Commercial Paper (CPs).
9. Securitized Debt Obligations
10. The non-convertible part of convertible securities.
11. Pass through, pay through or other Participation Certificates, representing interest in a pool assets
including receivables.
12. Derivative instruments like Stock Options, Index Options and such other derivative instruments as
permitted by SEBI/RBI
13. Units of Real Estate Investment Trusts (REITs) & Infrastructure Investment Trust (InvITs)
14. Units of Mutual Fund.
The securities mentioned above could be listed or to be listed, secured or unsecured, and of varying maturity,
as enabled under SEBI (MF) Regulations/circulars/ RBI. The securities may be acquired through Initial Public
Offerings (IPOs), secondary market operations, private placement, rights offers or negotiated deals.
Additional disclosures w.r.t Investments in Securitised Debt:
1. How the risk profile of securitized debt fits into the risk appetite of the scheme
Securitized Debt is a financial instrument (bond) whose interest and principal payments are backed by an
underlying cash flow from another asset. The asset may be either a loan to a single counterparty or a pool of
loans. In this Scheme, the Fund manager ensures that as securitised debt instruments are relatively illiquid,
the fund manager buys these with a view to hold them till maturity. Thus, in line with the investment strategy
of the Scheme and considering that there would be no intermediate redemption pressures for the Fund
Manager, the Scheme may take limited exposure to rated Securitized Debt. Credit assessment of the
underlying asset or loans is done to evaluate if it meets internal norms set by the AMC.
Investment in these instruments will help the Scheme in aiming at reasonable returns. These returns come
with a certain degree of risks which are covered separately in the Scheme Information Document. Accordingly,
the risk profile of the securitised debt instruments matches that of the prospective investors of this Scheme
and hence can be considered in the fund universe.
2. Policy relating to originators based on nature of originator, track record, exposure to securities
classified as below investment grade or default, losses in earlier securitized debt, etc.
A securitization transaction involves sale of receivables by the originator (a bank, non-banking finance
company, housing finance company, or a manufacturing/service company) to a Special Purpose Vehicle
(SPV), typically set up in the form of a trust. Investors are issued rated Pass Through Certificates (PTCs), the
proceeds of which are paid as consideration to the originator. In this manner, the originator, by selling his loan
receivables to an SPV, receives consideration from investors much before the maturity of the underlying loans.
Investors are paid from the collections of the underlying loans from borrowers. Typically, the transaction is
provided with a limited amount of credit enhancement (as stipulated by the rating agency for a target rating),
which provides protection to investors against defaults by the underlying borrowers.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 24
The scheme will invest in instruments of the originator only if the originator has an investment grade rating.
Over and above the credit rating assigned by credit rating agencies to the originator, ABSLMF will conduct an
additional evaluation on
• Previous track record on origination, servicing and performance of existing pools
• Willingness to pay, through credit enhancement facilities etc.
• Ability to pay
• Business risk assessment, wherein following factors are considered:
- Outlook for the economy (domestic and global)
- Outlook for the industry
- Originator/Pool specific factors
In addition, a detailed review and assessment of rating rationale is done including interactions with the
company as well as agency. For single loan PTC, credit evaluation of the underlying corporate will be carried
out as with any other debt instruments.
3. Risk mitigation strategies for investments with each kind of originator
In terms of specific risks attached to securitization, each asset class would have different underlying risks,
however, residential mortgages are supposed to be having lower default rates as an asset class. On the other
hand, repossession and subsequent recovery of commercial vehicles and other auto assets is fairly easier
and better compared to mortgages. Some of the asset classes such as personal loans, credit card receivables
etc., being unsecured credits in nature, may witness higher default rates. As regards corporate
loans/receivables, depending upon the nature of the underlying security for the loan or the nature of the
receivable the risks would correspondingly fluctuate. However, the credit enhancement stipulated by rating
agencies for such asset class pools is typically much higher, which helps in making their overall risks
comparable to other AAA rated asset classes.
The Scheme may invest in securitized debt assets. The asset may be either a loan to a single counterparty or a
pool of loans. The Scheme intends to invest in securitized instruments rated by a SEBI recognized credit rating
agency. In addition, some specific risk mitigation measures will include:
Limited Recourse and Credit Risk: Certificates issued on investment in securitized debt represent a
beneficial interest in the underlying receivables and there is no obligation on the issuer, seller or the originator
in that regard. Defaults on the underlying loan can adversely affect the pay outs to the investors (i.e. the
Scheme) and thereby, adversely affect the NAV of the Scheme.
Risk Mitigation: In addition to careful scrutiny of credit profile of borrower/pool additional security in the form
of adequate cash collaterals and other securities may be obtained to ensure that they all qualify for similar
rating.
Bankruptcy Risk: If the originator of securitized debt instruments in which the Scheme invests is subject to
bankruptcy proceedings and the court in such proceedings concludes that the sale of the assets from
originator to the trust was not a 'true sale', and then the Scheme could experience losses or delays in the
payments due.
Risk Mitigation: Normally, specific care is taken in structuring the securitization transaction so as to minimize
the risk of the sale to the trust not being construed as a 'true sale'. It is also in the interest of the originator to
demonstrate the transaction as a true sell to get the necessary revenue recognition and tax benefits.
Limited Liquidity and Price risk
Presently, secondary market for securitized papers is not very liquid. There is no assurance that a deep secondary
market will develop for such securities. This could limit the ability of the investor to resell them. Even if a secondary
market develops and sales were to take place, these secondary transactions may be at a discount to the initial
issue price due to changes in the interest rate structure.
Risk Mitigation: Securitized debt instruments are relatively illiquid in the secondary market and hence they are
generally held to maturity. The liquidity risk and HTM nature is taken into consideration at the time of analyzing
the appropriateness of the securitization.
Risks due to possible prepayments: Weighted Tenor / Yield
Asset securitization is a process whereby commercial or consumer credits are packaged and sold in the form
of financial instruments Full prepayment of underlying loan contract may arise under any of the following
circumstances;
• Obligor pays the Receivable due from him at any time prior to the scheduled maturity date of that
Receivable; or
• Receivable is required to be repurchased by the Seller consequent to its inability to rectify a material
misrepresentation with respect to that Receivable; or
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 25
• The Servicer recognizing a contract as a defaulted contract and hence repossessing the underlying Asset
and selling the same
• In the event of prepayments, investors may be exposed to changes in tenor and yield.
Risk Mitigation: A certain amount of prepayments is assumed in the calculations at the time of purchase based
on historical trends and estimates. Further a stress case estimate is calculated and additional margins are
built in.
Bankruptcy of the Investor’s Agent
If Investor’s agent becomes subject to bankruptcy proceedings and the court in the bankruptcy proceedings
concludes that the recourse of Investor’s Agent to the assets/receivables is not in its capacity as agent/Trustee
but in its personal capacity, then an Investor could experience losses or delays in the payments due under
the swap agreement.
Risk Mitigation: All possible care is normally taken in structuring the transaction and drafting the underlying
documents so as to provide that the assets/receivables if and when held by Investor’s Agent is held as agent
and in Trust for the Investors and shall not form part of the personal assets of Investor’s Agent.
4. The level of diversification with respect to the underlying assets, and risk mitigation measures for
less diversified investments
Framework that will be applied while evaluating investment decision relating to a pool securitization
transaction:
Characteristics / Type of
Pool
Mortgage
Loan/ Loan
Against
Properties
Commercial
Vehicle &
Construction
Equipment
Car
Two
Wheeler
Micro
Finance
Pools
Personal
Loans
Single
Sell
Downs
Others
Approx. Avg Maturity
60-180
Months
12-48
Months
12–48
Months
12-
36Months
12
Months
12-36
Months
NA
NA
Collateral Margin (incl.
Cash, Guarantees,
Excess Interest Spread,
Subordinate Tranche)
5-20%
5-20%
5-20%
5-20%
5-30%
5-30%
NA
NA
Avg Loan to Value Ratio
< 90%
< 90%
< 90%
< 90%
NA
NA
NA
NA
Avg Seasoning of the Pool
6-12 Months
3-6 Months
3-6
Months
3-6
Months
3-12
Weeks
1-3
Months
0-3
Months
NA
Max. Single Exposure
Range
3-5%
3-5%
Retail
Retail
Retail
Retail
NA
NA
Avg Single Exposure
Range %
1-25%
1.5-2.5%
Retail
Retail
Retail
Retail
NA
NA
Information illustrated in the Table above, is based on the current scenario relating to Securitized Debt market
and is subject to change depending upon the change in the related factors.
We endeavor to consider some of the important risk mitigating factors for securitized pool i.e.
• Average maturity of the pool: based on different asset classes and current market practices
• Collateral margin including cash collateral and other credit enhancements
• Loan to Value Ratio
• Average seasoning of the pool,
• Default rate distribution
• Geographical Distribution
• Maximum single exposure: Retail pools (passenger cars, 2-wheelers, Micro finance, personal loans,
etc.) are generally well diversified with maximum and average single exposure limits within 1%.
As illustrated above, these factors vary for different asset classes and would be based on interactions with
each originator as well as the credit rating agency.
5. Minimum retention period of the debt by originator prior to securitization
The Mutual Fund will follow the guidelines on minimum holding period requirements as laid down by SEBI and
RBI from time to time.
6. Minimum retention percentage by originator of debts to be securitized
We will follow the guidelines on minimum holding period requirements as laid down by SEBI and RBI from
time to time.
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SCHEME INFORMATION DOCUMENT Page 26
7. The mechanism to tackle conflict of interest when the mutual fund invests in securitized debt of an
originator and the originator in turn makes investments in that particular scheme of the fund
Investments made by the scheme in any asset are done based on the requirements of the scheme and is in
accordance with the investment policy. All Investments are made entirely at an arm’s length basis with no
consideration of any existing / consequent investments by any party related to the transaction (originator,
issuer, borrower etc.). Investments made in Securitized debt are made as per the Investment pattern of the
Scheme and are done after detailed analysis of the underlying asset. There might be instances of Originator
/obligor investing in the same scheme but both the transactions are at arm’s length and avoid any conflict of
interest. In addition to internal controls in the fixed income investment process, there is regular monitoring by
the compliance team, risk management group, and internal review teams. Normally the issuer who is
securitizing instrument is in need of money and is unlikely to have long term surplus to invest in mutual fund
scheme.
8. In general, the resources and mechanism of individual risk assessment with the AMC for
monitoring investment in securitized debt
The risk assessment process for securitized debt, as detailed in the preceding paragraphs, is same as any
other credit. The investments in securitized debt are done after appropriate research by credit analyst. The
ratings are monitored for any movement. The entire securitized portfolio is published in the fact sheet and
disclosed in the web site for public consumption with details of underlying exposure and originator.
Trading in Derivatives
SEBI has permitted Mutual Funds to participate in derivatives trading subject to observance of guidelines
issued by it in this behalf. Accordingly, Mutual Funds may use various derivative products from time to time,
as would be available and permitted by SEBI, in an attempt to protect the value of the portfolio and enhance
Unitholders' interest.
The scheme intends to use derivative instruments stock options, stock futures, index options, index futures or
other equity derivative instruments as may be introduced from time to time.
The Mutual Fund would comply with the provisions of para 7.5, 7.6, 12.24, 12.25 and 12.25.8 of SEBI Master
Circular on Mutual Funds dated May 19, 2023, such other amendments issued by SEBI from time to time
while trading in derivatives.
Presently, the position limits for trading in derivatives by Mutual Fund specified in para 7.5.1.6 & 7.6.2 of SEBI
Master Circular on Mutual Funds dated May 19, 2023 are as follows:
Position Limits
The position limits for Mutual Funds and its schemes shall be under:
(i) Position limit for Mutual Funds in index options contracts
(a) The Mutual Fund position limit in all index options contracts on a particular underlying index shall be
Rs 500 crore or 15% of the total open interest of the market in index options, whichever is higher, per
Stock Exchange.
(b) This limit would be applicable on open positions in all options contracts on a particular underlying
index.
(ii) Position limit for Mutual Funds in index futures contracts
(a) The Mutual Fund position limit in all index futures contracts on a particular underlying index shall be
Rs 500 crore or 15% of the total open interest of the market in index futures, whichever is higher, per
Stock Exchange.
(b) This limit would be applicable on open positions in all futures contracts on a particular underlying
index.
(iii) Additional position limit for hedging
(a) In addition to the position limits at point (i) and (ii) above, Mutual Funds may take exposure in equity
index derivatives subject to the following limits:
(b) Short positions in index derivatives (short futures, short calls and long puts) shall not exceed (in
notional value) the Mutual Fund’s holding of stocks.
(c) Long positions in index derivatives (long futures, long calls and short puts) shall not exceed (in notional
value) the Mutual Fund’s holding of cash, government securities, T-Bills and similar instruments.
(iv) Position limit for Mutual Funds for stock based derivative contracts
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SCHEME INFORMATION DOCUMENT Page 27
(a) The combined futures and options position limit shall be 20% of the applicable Market Wide Position
Limit (MWPL).
(b) The MWPL and client level position limits however would remain the same as prescribed.
(v) Position limit for each scheme of a Mutual Fund
The scheme-wise position limit requirements shall be:
(a) For stock option and stock futures contracts, the gross open position across all derivative contracts
on a particular underlying stock of a scheme of a mutual fund shall not exceed the higher of:
(i) 1% of the free float market capitalization (in terms of number of shares). Or
(ii) 5% of the open interest in the derivative contracts on a particular underlying stock (in terms of
number of contracts).
(b) This position limits shall be applicable on the combined position in all derivative contracts on an
underlying stock at a Stock Exchange.
(c) For index based contracts, Mutual Funds shall disclose the total open interest held by its scheme or
all schemes put together in a particular underlying index, if such open interest equals to or exceeds
15% of the open interest of all derivative contracts on that underlying index.
Exposure to Derivatives
Further, the exposure limits for trading in derivatives by Mutual Fund specified by SEBI vide para 12.24 and
para 12.25.5 of SEBI Master Circular on Mutual Funds dated May 19, 2023 is as follows:
1. In line with para 12.24 of SEBI Master Circular on Mutual Funds dated May 19, 2023 , the cumulative
gross exposure to equity, equity related instruments including ETFs, debt, money market instruments,
units issued by REITs & InvITs, derivatives, repo transactions and such other securities/assets as may be
permitted by the Board from time to time subject to regulatory approvals, if any should not exceed 100%
of the net assets of the Scheme.
2. The total exposure related to option premium paid must not exceed 20% of the net assets of the scheme.
3. Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any
exposure.
4. Exposure due to hedging positions may not be included in the above mentioned limits subject to the
following
• Hedging positions are the derivative positions that reduce possible losses on an existing position in
securities and till the existing position remains.
• Hedging positions cannot be taken for existing derivative positions. Exposure due to such positions
shall have to be added and treated under limits mentioned in Point 1
• Any derivative instrument used to hedge has the same underlying security as the existing position
being hedged.
• The quantity of underlying associated with the derivative position taken for hedging purposes does
not exceed the quantity of the existing position against which hedge has been taken.
5. (a) Mutual Funds may enter into plain vanilla Interest Rate Swaps (IRS) for hedging purposes. The value
of the notional principal in such cases must not exceed the value of respective existing assets being
hedged by the scheme
(b) In case of participation in IRS is through over the counter transactions, the counter party has to be an
entity recognized as a market maker by RBI and exposure to a single counterparty in such transactions
should not exceed 10% of the net assets of the scheme. However, if mutual funds are transacting in IRS
through an electronic trading platform offered by the Clearing Corporation of India Ltd. (CCIL) and CCIL
is the central counterparty for such transactions guaranteeing settlement, the single counterparty limit of
10% shall not be applicable.
6. Exposure due to derivative positions taken for hedging purposes in excess of the underlying position
against which the hedging position has been taken, shall be treated under the limits mentioned in point
(1) above.
7. Definition of Exposure in case of derivatives positions
Each position taken in derivatives shall have an associated exposure as defined under. Exposure is the
maximum possible loss that may occur on a position. However, certain derivative positions may
theoretically have unlimited possible loss. Exposure in derivative positions shall be computed as follows:
Position
Exposure
Long Future
Futures Price * Lot Size * Number of Contracts
Short Future
Futures Price * Lot Size * Number of Contracts
Option bought
Option Premium Paid * Lot Size * Number of Contracts.
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SCHEME INFORMATION DOCUMENT Page 28
Example of a derivatives transaction
Basic Structure of a Swap
Bank A has a 6 month Rs 10 crore liability, currently being deployed in call. Bank B has a Rs 10 crore 6 month
asset, being funded through call. Both banks are running an interest rate risk. To hedge this interest rate risk,
they can enter into a 6 month MIBOR (Mumbai Inter Bank Offered Rate) swap. Through this swap, A will
receive a fixed pre-agreed rate (say 7%) and pay "call" on the NSE MIBOR ("the benchmark rate"). The paying
at "call" on the benchmark rate by A will neutralise the interest rate risk of lending in call. B will pay 7% and
receive interest at the benchmark rate. The receiving of "call" on the benchmark rate by B will neutralise his
interest rate risk arising from its call borrowing. The mechanism is as follows:
• Assume the swap is for Rs 10 crore March 1st to September 1st. A is fixed rate receiver at 7% and B is
a floating rate receiver at the overnight compounded rate.
• On March 1st, A and B will exchange only an agreement of having entered this swap. This documentation
would be as per International Securities Dealers Association (ISDA).
• On a daily basis, the benchmark rate fixed by NSE will be tracked by them. On September 1st they will
calculate the following:
A is entitled to receive interest on Rs 10 crore at 7% for 184 days i.e. Rs 35.28 lakh, (this amount is known at
the time the swap was concluded) and will pay the compounded benchmark rate.
B is entitled to receive daily compounded call rate for 184 days & pay 7% fixed.
On September 1st, if the total interest on the daily overnight compounded benchmark rate is higher than Rs
35.28 lakhs, A will pay B the difference. If the daily compounded benchmark rate is lower, then B will pay A
the difference.
Effectively Bank A earns interest at the rate of 7% p.a. for six months without lending money for 6 months
fixed, while Bank B pays interest @ 7% p.a. for 6 months on Rs 10 crore, without borrowing for 6 months
fixed. As per above said RBI circulars, mutual funds are permitted to do Interest Rate Swaps/Forward Rate
Agreements, for hedging purposes only. Accordingly, the AMC would undertake the same for similar purposes
only. IRS and FRAs do also have inherent credit and settlement risks. However, these risks are substantially
reduced as they are limited to the interest streams and not the notional principal amounts.
Derivatives can be traded over the exchange or can be structured between two counter-parties. Those
transacted over the exchange are called Exchange Traded derivatives whereas the other category is referred
to as OTC (Over The Counter) derivatives. Some of the differences of these two derivative categories are as
under:
Some of the differences of these two derivative categories are as under:
Exchange traded derivatives: These are quoted on the exchanges like any other traded asset class. The
most common amongst these are the Index Futures, Index Options, Stock Futures and Options on individual
equities / securities. The basic form of the futures contract is similar to that of the forward contract, a futures
contract obligates its owner to purchase a specified asset at a specified exercise price on the contract maturity
date. Futures are cash-settled and are traded only in organised exchanges. Exchange traded derivatives are
standardised in terms of amount and delivery date. Standardisation and transparency generally ensures a
liquid market together with narrower spreads. On the other hand, for delivery dates far in the future, there may
be insufficient liquidity in the futures market whereas an OTC price may be available.
OTC derivatives: OTC derivatives require the two parties engaging in a derivatives transaction to come
together through a process of negotiation. It is a derivative that is customised in terms of structure, amount,
tenor, underlying assets, collateral etc.
The Scheme may use derivatives instruments such as Stock Index Futures, Options on indices or such other
derivative instruments as may be introduced / permitted, from time to time. To illustrate, an example of a Stock
Index Future is given below:
Index Futures
Benefits
• Investment in stock index futures can give exposure to the index without directly buying the individual
stocks. Appreciation in index stocks can be effectively captured through investment in Stock Index Futures.
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SCHEME INFORMATION DOCUMENT Page 29
• The Fund can sell futures to hedge against market movements effectively without actually selling the stocks
it holds.
The stock index futures are instruments designed to give exposure to the equity market indices. The Stock
Exchange, Mumbai and the National Stock Exchange have started trading in index futures of 1, 2 and 3
month maturities. The pricing of an index future is the function of the underlying index and interest rates.
Illustration
Spot Index: 1070
1 month Nifty Future Price on day 1: 1075
Fund buys 100 lots
Each lot has a nominal value equivalent to 200 Units of the underlying index
Situation 1
Let us say that on the date of settlement, the future price = closing spot price = 1085
Profits for the Fund = (1085-1075) x 100 lots x 200 = Rs. 200,000
Situation 2
Let us say that on the date of settlement, the future price = Closing spot price = 1070
Loss for the Fund = (1070-1075) x 100 lots x 200 = (Rs. 100,000)
The net impact for the Fund will be in terms of the difference between the closing price of the index and cost
price (ignoring margins for the sake of simplicity). Thus, it is clear from the example that the profit or loss for
the Fund will be the difference of the closing price (which can be higher or lower than the purchase price) and
the purchase price. The risks associated with index futures are similar to the one with equity investments.
Additional risks could be on account of illiquidity and hence mispricing of the future at the time of purchase.
Buying Options
Benefits of buying a call option
Buying a call option on a stock or index gives the owner the right, but not the obligation, to buy the underlying
stock / index at the designated strike price. Here the downside risks are limited to the premium paid to
purchase the option.
Illustration
If the Fund buys a 1 month call option on XYZ Co. at a strike of Rs. 190, the current market price being say
Rs. 191. The Fund will have to pay a premium of say Rs. 15 to buy this call. If the stock price goes below Rs.
190 during the tenure of the call, the Fund avoids the loss it would have incurred had it straightaway bought
the stock instead of the call option. The Fund gives up the premium of Rs. 15 that has to be paid in order to
protect the Fund from this probable downside. If the stock goes above Rs. 190, it can exercise its right and
own XYZ Co. at a cost price of Rs. 190, thereby participating in the upside of the stock.
Benefits of buying a put option
Buying a put option on a stock originally held by the buyer gives him / her the right, but not the obligation, to
sell the underlying stock at the designated strike price. Here the downside risks are limited to the premium
paid to purchase the option.
Illustration
If the Fund owns XYZ Co. and also buys a three-month put option on XYZ Co.at a strike of Rs. 190, the current
market price being say Rs. 191. The Fund will have to pay a premium of say Rs. 12 to buy this put.
If the stock price goes below Rs. 190 during the tenure of the put, the Fund can still exercise the put and sell
the stock at Rs. 190, avoiding therefore any downside on the stock below Rs. 190. The Fund gives up the
fixed premium of Rs. 12 that has to be paid in order to protect the Fund from this probable downside. If the
stock goes above Rs. 190, say to Rs. 220, it will not exercise its option.
The Fund will participate in the upside of the stock, since it can now sell the stock at the prevailing market
price of Rs. 220.
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Writing of Covered Call Options
A call option gives the holder (buyer) the right but not the obligation to buy an asset by a certain date for a
certain price. Covered calls are an options strategy where a person holds a long position in an asset and
writes (sells) call options on that same asset.
Benefits of writing an option with underlying stock holding (Covered Call Writing Strategy)
The covered call strategy can be followed by the Fund Manager in order to hedge risk thereby resulting in
better risk adjusted returns of the Scheme. The strategy offers the following benefits: a) Hedge against market
risk - Since the fund manager sells a call option on a stock already owned by the mutual fund scheme, the
downside from fall in the stock price would be lower to the extent of the premium earned from the call option.
b) Generating additional returns in the form of option premium in a range bound market. Thus, a covered call
strategy involves gains for unit holders in case the strategy plays out in the right direction.
Illustration - Covered Call strategy using stock call options:
Suppose, a fund manager buys equity stock of XYZ Ltd. for Rs. 1000 and simultaneously sells a call option
on the same stock at a strike price of Rs. 1100. The scheme earns a premium of say, Rs. 50. Here, the fund
manager does not think that the stock price will exceed Rs. 1100.
Scenario 1: Stock price exceeds Rs. 1100
The call option will get exercised and the fund manager will sell the stock to settle his obligation on the call at
Rs. 1100 (earning a return of 10% on the stock purchase price). Also, the scheme has earned a premium of
Rs. 50.
Net Gain - Rs. 150
Scenario 2: Stock prices stays below Rs. 1100
The call option will not get exercised and will expire worthless. The premium earned on call option will generate
alpha for the scheme.
Net Gain - Rs. 50
Writing of call option (under the covered call strategy) can be undertaken subject to the following
conditions:
1. The Scheme may write call options only under a covered call strategy for constituent stocks of NIFTY 50
and BSE SENSEX.
2. The total notional value (taking into account strike price as well as premium value) of call options written by
the Scheme shall not exceed 15% of the total market value of equity shares held in the Scheme.
3. The total number of shares underlying the call options written shall not exceed 30% of the unencumbered
shares of a particular company held in the Scheme. The unencumbered shares in a scheme shall mean
shares that are not part of Securities Lending and Borrowing Mechanism (SLBM), margin or any other kind
of encumbrances.
4. The Scheme may sell securities on which a call option is written under a covered call strategy subject to
compliance with points 2 & 3 above. In case of any passive breach of the requirement mentioned in point
2 above, the Scheme shall have 7 trading days to rebalance the portfolio. During the rebalancing period,
no additional call options can be written in the said scheme.
5. In case the scheme needs to sell securities on which a call option is written under a covered call strategy,
it must ensure compliance with points 2 and 3 above while selling the securities.
6. In no case, the Scheme shall write a call option without holding the underlying equity shares. A call option
can be written only on shares which are not hedged using other derivative contracts.
7. The premium received shall be within the requirements prescribed in terms of para 12.25.8 of SEBI Master
Circular on Mutual Funds dated May 19, 2023 i.e. the total gross exposure related to option premium paid
and received must not exceed 20% of the net assets of the Scheme.
8. The exposure on account of the call option written under the covered call strategy shall not be considered
as exposure in terms of para 12.25.8 of SEBI Master Circular on Mutual Funds dated May 19, 2023.
9. The call option written shall be marked to market daily and the respective gains or losses shall be factored
into the daily NAV of the Scheme until the position is closed or expired.
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SCHEME INFORMATION DOCUMENT Page 31
The Scheme intends to participate in derivatives trading within the equity component of their portfolios. Some of
the strategies involving derivatives that may be used by the Investment Manager, with an aim to protect
capital and enhance returns include:
Strategy Number 1: Hedging against an anticipated rise in equity prices. The scheme has a corpus of Rs. 100
crores and has invested Rs. 65 crores in equity and still has a cash of Rs15 crores available to invest in the equity
component. The Fund may buy index futures of a value of Rs15 crores. The scheme may reduce the exposure to
the future contract by taking an offsetting position as investments are made in the equities the scheme wants to
invest in. Here, if the market rises, the scheme gains by having invested in the index futures.
Event
Gain/(Loss) from
Derivatives position
Gain/(Loss) from Cash
Market position
Overall Gain/(Loss) to
Equity Component of
Scheme
5% rise in equity price
15 * 5% = Rs 0.75 crs
65 * 5% = Rs3.25 crs
Rs 4 Crores
5% fall in equity price
15 * 5% = Rs (0.75) crs
65 * 5% = Rs (3.25) crs
Rs (4) Crores
Strategy Number 2 Hedging against anticipated fall in equity prices. If the Fund has a negative view on the
market and would not like to sell stocks, as the market might be weak, the scheme of the Fund can go short
on index/stock futures. Later, the scheme can sell the stocks and unwind the future positions. A short position
in the future would offset the long position in the underlying stocks and this can curtail potential loss in the
portfolio.
For instance: The scheme has a corpus of Rs 100 crores and is 65% invested in equities. If the fund manager
wishes to reduce the equity exposure to Rs30 crores, he would sell index/stock future contracts of Rs 35
crores.
Event
Gain/(Loss) from
Derivatives position
Gain/(Loss) from Cash
Market position
Overall Gain/(Loss) to
Scheme
5% fall in equity price
35 * 5% = Rs 1.75 crs.
65 * 5% = Rs (3.25) crs
Rs(1.5) Crores
5% rise in equity price
35 * 5% = Rs (1.75) crs.
65 * 5% = Rs3.25 crs
Rs1.5 Crores
Strategy Number 3: Using Index Futures to increase percentage investment in equities. This strategy will be
used for the purpose of generating returns on idle cash, pending its investment in equities. The Scheme being
open ended in nature upon conversion and maybe subject to daily inflows. There may be a time lag between the
inflow of funds and their deployment in equities. If so desired, the AMC would be able to take immediate exposure
to equities via index futures. The position in index futures may be reversed in a phased manner, as the funds
are deployed in the equity markets.
The scheme has a corpus of Rs 75 crore and there is an inflow of Rs 5 crore in a day. The AMC may buy
index futures contracts of a value of Rs. 5 crore. Later as the money is deployed in the underlying equities,
the value of the index futures contracts can be suitably reduced.
Equity Allocation
Event
Equity Portfolio
Gain/(Loss)
(Rs. in crore)
Derivative Gain /
(Loss)
(Rs. in crore)
Total Portfolio
Gain / (Loss)
(Rs. in crore)
Rs 50 Crore Equity
exposure
10% rise in
equity prices
5
Nil
5
Rs 50 Crore Equity
exposure + Rs. 5 Crore
long position index
futures
10% rise in
equity prices
5
0.5
5.5
Rs 50 Crore Equity
exposure
10% fall in
equity prices
(5)
Nil
(5)
Rs 50 Crore Equity
exposure + Rs. 5 Crore
long position index
futures
10% fall in
equity prices
(5)
(0.5)
(5.5)
RISKS (For Strategies 1, 2 and 3)
• The strategy of taking a long position in index futures increases the exposure to the market. The long
position is positively correlated with the market. However, there is no assurance that the stocks in the
portfolio and the index behave in the same manner and thus this strategy may not be provide gains perfectly
aligned to the movement in the index.
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• The long position will have as much loss as a gain in the underlying index. e.g. if the index appreciates by
10%, the future value rises by 10%. However, this is true only for futures contracts held till maturity. In the
event that a futures contract is closed out before its expiry, the quoted price of the futures contract may be
different from the gain / loss due to the movement of the underlying index. This is called the basis risk.
• While futures markets are typically more liquid than the underlying cash market, there can be no assurance
that ready liquidity would exist at all points in time, for the Scheme to purchase or close out a specific futures
contract.
Strategy Number 4: Using Index Futures to decrease percentage investment in equities.
Similarly, in the case of a pending outflow of funds the AMC, in order to reduce exposure in equities may enter
into futures contracts to sell the Index at a future date. This position can be unwound over a period in time by
simultaneously selling the equity shares from the investment portfolio of the Scheme. Since the price of the
futures contracts is expected to be positively correlated with the index, the value of a short position will move
in the direction opposite to the movement in the index. The strategy of taking a short position in the index
future would reduce the market exposure, in line with the reduced net assets, in case of a significant
redemption.
Example:
Assume a scheme has an equity exposure of Rs 50 crore. If the Fund Manager wishes to reduce the equity
exposure to Rs. 40 crore in a short time, he would sell index futures contracts of a value of Rs 10 crore.
Portfolio
Event
Equity Portfolio
Gain / (Loss)
(Rs. in Crore)
Derivative Gain /
(Loss)
(Rs. in Crore)
Total Portfolio
Gain / (Loss)
(Rs. in Crore)
Rs 50 Crore Equity
exposure
10% fall in
equity prices
(5)
Nil
(5)
Rs 50 Crore Equity
exposure + Rs. 10
Crore short position
index futures
10% fall in
equity prices
(5)
1
(4)
Rs 50 Crore Equity
exposure
10% rise in
equity prices
5
Nil
5
Rs 50 Crore Equity
exposure + Rs. 10
Crore short position
index futures
10% rise in
equity prices
5
(1)
4
RISKS
• The strategy of taking a short position in index futures reduces the market exposure. The short position is
negatively correlated with the market. However, there is no assurance that the stocks in the portfolio and
the index behave in the same manner and thus this strategy may not be a perfect hedge.
• The short position will have as much loss as a gain in the underlying index. e.g. if the index appreciates by
10%, the future value falls by 10%. However, this is true only for futures contracts held till maturity. In the
event that a futures contract is closed out before its expiry, the quoted price of the futures contract may be
different from the gain / loss due to the movement of the underlying index. This is called the basis risk.
• While futures markets are typically more liquid than the underlying cash market, there can be no assurance
that ready liquidity would exist at all points in time, for the Scheme to purchase or close out a specific futures
contract.
Strategy Number 5: Portfolio Protection Using Index Put
The purchase of an index put option gives the scheme the option of selling the index to the writer of the put at
a predetermined level of the index, called the strike price. If the index falls below this level, the scheme benefits
from the rise in the value of the put option.
Similarly, as a stock hedging strategy, the purchase of a put option on the underlying stock would give the
scheme the option to sell the stock to the writer of the option at the predetermined strike price. This would
lead to a capping of the loss in value of a stock.
Example:
Let us assume a scheme with a corpus of Rs. 75 crore. Let us also assume an index level of 1000. The
scheme is invested 50 crore in equities. The scheme purchases a put option on the index with a strike price
of Rs.950 for an assumed cost of Rs. 50 lakhs.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 33
The following table illustrates the portfolio returns:
%
change
in Index
Index
Value
Equity Portfolio
Value
Rs in crore
(A)
Option Value
Rs in crore
(B)
Cost of the
Put Option
Rs in crore
(C)
Portfolio
Value
Rs in crore
(A+B+C)
% Returns
from
portfolio
10
1100
55.00
0
(0.5)
54.50
9
5
1050
52.50
0
(0.5)
52.00
4
(5)
950
47.50
0
(0.5)
47.00
(6)
(10)
900
45.00
2.5
(0.5)
47.00
(6)
(15)
850
42.50
5
(0.5)
47.00
(6)
A similar put option can be purchased on any individual stock and the downside may be capped.
RISKS
• The table shows that the portfolio value will not fall below Rs 47 crore, while the scheme benefits from any
increase in stock prices. The table assumes perfect correlation between the equity portfolio and the index.
However, this may not be the case. Therefore, the minimum portfolio value cannot be assured, but the loss
is expected to be lower in a portfolio with a put option on the index, as compared to a normal portfolio.
• The put option would lead to a gain based on the difference between the strike price and the index level at
expiration date, if positive. However, in case the option is reversed before the expiration date, the market
price received on the sale of the option may be different from the price calculated.
• While options markets can be more liquid than the underlying cash market, there can be no assurance that
ready liquidity would exist at all points in time, for the scheme to purchase or close out a specific options
contract.
• In the case of purchase of a stock put, the strategy is a perfect hedge on the expiration date of the put
option. On other days, there may be (temporary) imperfect correlation between the share price and the put
option, which can potentially take the stock value below the minimum under the hedge.
Investment Process and Recording of Investment Decisions
The AMC through it's various policies and procedures defines prudential and concentration limits to de-risk
the portfolio. The investment management team is allowed full discretion to make sale and purchase decisions
within the limits established. The responsibility for the investment decisions is with the fund managers and the
CEO of the AMC does not have any role in the day to day decision making process. All the decisions will be
recorded along with their justifications. The AMC and Trustee will review the performance of the scheme in
their Board meetings. The performance would be compared with the performance of the benchmark index
and with peer group in the industry.
Investment in other Schemes
The Scheme may, in line with its investment objectives, invest in another Scheme under the management of
ABSLAMC or of any other Asset Management Company. The aggregate Inter scheme investment by ABSLMF
under all its Schemes, other than fund of fund schemes, taken together, in another Scheme managed by
ABSLAMC or in any other Scheme of any other Mutual Fund, shall not be more than 5% of the net asset value of
the Fund. No fee shall be charged by the AMC on any investment in another Scheme under the management of
ABSLAMC or of any other Asset Management Company.
Investments in the Scheme by the AMC, Sponsor, or their associates
Pursuant to Regulation 25(16A) of the SEBI (MF) Regulations, 1996 and para 6.9 of SEBI Master Circular on
Mutual Funds dated May 19, 2023, AMC will invest minimum amount as a percentage of AUM based on the
risk associated with the Scheme and such investment will not be redeemed unless the Scheme is wound up.
The AMC will conduct quarterly review to ensure compliance with above requirement which may change either
due to change in value of the AUM or in the risk value assigned to the scheme. The shortfall in value of the
investment, if any, will be made good within 7 days of such review.
In addition to investments as mandated under Regulation 25(16A) of the Regulations as mentioned above, the
AMC, may invest in the scheme during the continuous offer period subject to the SEBI (MF). As per the existing
SEBI (MF) Regulations, the AMC will not charge investment management and advisory fee on the investment
made by it in the scheme. The Sponsor, Trustee and their associates may invest in the scheme on an ongoing
basis subject to SEBI (MF) Regulations & circulars issued by SEBI and to the extent permitted by its Board of
Directors from time to time.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 34
Investment of Subscription Money
The AMC shall commence investment out of the NFO proceeds received in accordance with the investment
objectives of the Scheme only on or after the closure of the NFO period. The Mutual Fund/ AMC can however
deploy the NFO proceeds in Tri-party Repos before the closure of NFO period. However, AMCs shall not
charge any investment management and advisory fees on funds deployed in Tri-party Repos during the NFO
period. The appreciation received from investment in Tri-party Repos shall be passed on to investors.
Further, in case the minimum subscription amount is not garnered by the scheme during the NFO period, the
interest earned upon investment of NFO proceeds in Tri-party Repos shall be returned to investors, in
proportion of their investments, along-with the refund of the subscription amount.
Borrowing by the Mutual Fund
Under the SEBI (MF) Regulations, the Mutual Fund is allowed to borrow to meet the temporary liquidity
requirements of its Scheme for the purpose of Redemption of Units or the payment of interest or IDCW to the
Unit holders. Further, as per the SEBI (MF) Regulations, the Mutual Fund shall not borrow more than 20% of
the Net Assets of the scheme and the duration of such borrowing shall not exceed a period of six months. The
Mutual Fund may raise such borrowings after approval by the Trustee from Sponsor or any of its Associate /
Group Companies or Banks in India or any other entity at market related rates prevailing at the time and
applicable to similar borrowings. The security for such borrowings, if required, will be as determined by the
Trustee.
E. INVESTMENT STRATEGY
The Scheme follows an active investment strategy. The investment objective of the fund is to generate long-
term capital appreciation by investing in equity and equity related instruments selected based on an in-house
proprietary quantitative model.
The investment process will be based on a factor-based approach with the aim of generating superior risk
adjusted returns compared to the benchmark. The factors employed are the ones that have a strong academic
basis and / or are considered central by fundamental investors in their process. The investment universe
would be screened using quantitative measures like data availability, liquidity etc. and then subsequently
factors described below would be used to evaluate the stocks’ attractiveness from a risk and return
perspective. The parameters that the model will consider are as follows:
Fundamental Factors:
The model will look at various factors to evaluate growth outlook while considering valuation parameters for
these companies. For this, the indicative list of aspects that the model may consider are as follows:
• Return on Equity
• Return on Assets
• Sales growth
• Debt to equity ratio
• Cash flow
• Operating Profit Margins
• Net Profit Margins
• Earnings growth
• Price to book
• Price to earnings
• Dividend yield
• Earnings yield
Technical/Behavioural Factors:
The model will look to capture the behavioural attributes reflecting in the stock price movement. For this, the
indicative list of aspects that the model may consider are as follows:
• Liquidity
• Stock price momentum
• Volatility
• Historical performance
• Ownership patterns
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 35
• Drawdown analysis and other such parameters
Risk factor:
While looking for the attractiveness of a stock, the model will also analyse the risk levels of the stocks. While
some risks can be measured, some cannot. Fund managers may look at quantitative factors to gauge the risk
level of a stock. For this, the indicative list of aspects that model may consider are as follows:
• Volatility
• Beta
• Risk ratios
• Liquidity and
• Portfolio churn
The fund will look at Factor investing strategies that would target securities with specific characteristics such
as value, quality, momentum, size, minimum volatility etc.
Not owning ‘poorly run companies’ is a significant source of alpha generation over the long term. The
investable universe list of stock is pruned by applying objective pre-defined criteria that excludes companies
that are either very illiquid or score poorly on governance standards excessive leverage or past drawdown
behaviour or capital allocation or return metrics or on operating parameters consistently etc.
The Fund Manager can change the above quantitative and qualitative parameters by addition or deletion of
the parameters, to enable the Scheme to take exposure to the specified factors for selection of stocks. The
process from universe selection to portfolio construction would be largely systematic and optimized with the
aim of maximizing the return while minimizing active risk. The portfolio of the Scheme will be reviewed
constantly and rebalanced on least monthly basis based on the output of the model. The fund manager will
also review and maintain the model (including variables) on an ongoing basis and make changes as and when
necessary. The Scheme may also invest in equity and equity related instruments which are not a part of in
house proprietary quantitative model.
Debt & Money Market Instruments
The Scheme may also invest a small portion of its corpus in money market instruments to manage its liquidity
requirements. The fund investment in debt securities and money market instruments issued by corporate
and/or state and central government with the aim to controlling volatility and providing cash flows on a
continuous basis. Rigorous in-depth credit evaluation of the securities proposed to be invested in will be
carried out by the investment team of the AMC for its fixed income investments. In addition, the Investment
Team of the AMC studies the macro-economic conditions, including the political, economic environment and
factors affecting liquidity and interest rates. Investments in debentures and bonds will usually be in instruments
which have been assigned investment grade ratings by any approved rating agency.
REITs & InvITs
Investment in REITs or InvITs will be made based on the various factors such as liquidity, sector outlook and
returns expectations. The investment across asset class within the stated range will be based on opportunities
available in the different asset classes and future outlook for the Markets.
Derivatives
The Scheme may have prudent exposure to Futures & Options (F&O) to capture opportunities arising out of
market imperfection and to hedge the portfolio, whenever necessary. Derivative products are leveraged
instruments and can provide disproportionate gains as well as disproportionate losses to the investor.
Execution of such strategies depends upon the ability of the fund manager to identify such opportunities.
Identification and execution of the strategies to be pursued by the fund manager involve uncertainty and
decision of fund manager may not always be profitable. No assurance can be given that the fund manager
will be able to identify or execute such strategies. The risks associated with the use of derivatives are different
from or possibly greater than, the risks associated with investing directly in securities and other traditional
investments.
ABSLAMC may, from time to time, review and modify the Scheme’s investment strategy if such changes are
considered to be in the best interests of the unit holders and if market conditions warrant it.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 36
Differentiation with Existing Thematic/sectoral Schemes of Aditya Birla Sun Life Mutual Fund:
Name of
Existing
Scheme
Asset Allocation Pattern
Primary Investment
Pattern
Differentiation
AUM in
crs. (as
on April
30,
2024)
No. of
Folios (as
on April 30,
2024)
Aditya
Birla
Sun Life
MNC
Fund
Instrument
Asset
Allocation
Risk
Profile
Equity &
Equity
Related
Instruments
Upto
100%
Medium to
High
Debt Securities
and Money
Market
instruments
Upto
20%
Low to
Medium
The objective of the
scheme is to achieve
long-term growth of
capital at relatively
moderate levels of risk
by making investments in
securities of
multinational companies
through a research
based investment
approach.
An open ended
equity scheme
following the
MNC theme in its
investments.
3,648.49
1,44,217
Aditya
Birla
Sun Life
Digital
India
Fund
Instrument
Asset
Allocation
Alloca
tion
Range
Equity & Equity
Related
Instruments
100%
80%-
100%
Debt & Money
Markets
instruments
(including
securitized
debt)
0%
0%-20%
The primary investment
objective of the scheme
is to generate long term
growth of capital, through
a portfolio with a target
allocation of 100%
equity, focusing on
investing in technology
and technology
dependent companies,
hardware, peripherals
and components,
software, telecom,
media, internet and e-
commerce and other
technology enabled
companies. The
secondary objective is
income generation and
distribution of IDCW.
An open ended
equity scheme
investing in the
Technology,
Telecom, Media,
Entertainment
and other related
ancillary sectors.
4,394.57
3,84,213
Aditya
Birla
Sun Life
Banking
&
Financia
l
Services
Fund
Instrument
Normal
Allocati
on (%
of total
Assets)
Risk
Profile
Equity and
Equity related
securities of
Banking &
Financial
Services
Companies
80-
100%
High
Cash, Money
Market & Debt
instruments
0-20%
Low
The primary investment
objective of the Scheme
is to generate long-term
capital appreciation to
unitholders from a
portfolio that is invested
predominantly in equity
and equity related
securities of companies
engaged in banking and
financial services.
The Scheme does not
guarantee/indicate any
returns. There can be no
assurance that the
schemes’ objectives will
be achieved.
An open ended
equity scheme
investing in the
Banking &
Financial
Services
sectors.
3,163.05
1,31,341
Aditya
Birla
Sun Life
ESG
Integrati
on
Strategy
Fund
Instrument
Risk
Profi
le
Normal
Allocatio
n (% of
total
Assets)
Equity & Equity related
instruments of
companies following
the Environment,
Social & Governance
(ESG) theme
High
80% -
100%
Other Equity & Equity
related instruments
High
0% - 20%
Debt & Money Market
Instruments (including
Low
to
0% - 20%
The Scheme seeks to
generate long-term
capital appreciation by
investing in a diversified
basket of companies in
ESG theme by following
Integration Strategy.
The Scheme does not
guarantee/indicate any
returns. There is no
assurance that the
investment objective of
the Scheme will be
achieved.
An open ended
equity scheme
investing in
Environment,
Social &
Governance
(ESG) theme by
following
Integration
Strategy.
673.76
45,857
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 37
Name of
Existing
Scheme
Asset Allocation Pattern
Primary Investment
Pattern
Differentiation
AUM in
crs. (as
on April
30,
2024)
No. of
Folios (as
on April 30,
2024)
units of Debt & Liquid
Mutual Fund schemes)
Medi
um
Units issued by REITs
and INVITs
Medi
um
to
High
0% - 10%
Aditya
Birla
Sun Life
India
GenNext
Fund
Instrument
Asset
Allocat
ion
Nor
mal
All
oca
tion
Risk
Profile
Equity and
Equity
related
Instruments
80%-
100%
90
%
Medium
to High
Fixed
Income
Securities
(including
Money
Market
Instruments)
0%-
20%
10
%
Low to
Medium
The objective of the
scheme is to target
growth of capital by
investing in equity/ equity
related instruments of
companies that are
expected to benefit from
the rising consumption
patterns in India, which in
turn is getting fuelled by
high disposable incomes
of the young generation
(Generation Next). The
scheme will invest in
companies that have the
following characteristics:
1. Companies that seek
growth in revenues
arising out of demand
from the younger
generation (GenNext) for
their products or
services. 2. They should
be engaged in
manufacturing of
products or rendering of
services that go directly
to the consumer. 3. The
products and services
should have distinct
brand identity, thereby
enabling choice.
An open ended
equity scheme
following
Consumption
theme
5,010.22
2,46,006
Aditya
Birla
Sun Life
Infrastru
cture
Fund
Instrument
Range
Normal
Alloca
tion
Risk
Profile
Equity and
Equity
related
Instruments
80%-
100%
90%
Medium
to High
Money
Market
Instruments
0%-
20%
10%
Low to
Medium
The Scheme seeks to
provide medium to long-
term capital appreciation,
by investing
predominantly in a
diversified portfolio of
equity and equity related
securities of companies
that are participating in
the growth and
development of
Infrastructure in India.
An open-ended
equity scheme
investing in
Infrastructure
sector
1,070.83
60,586
Aditya
Birla
Sun Life
Manufac
turing
Equity
Fund
Instrument
Risk
Profile
Normal
Allocation
(% of total
Assets)
Equity &
Equity related
securities of
Manufacturing
Sector
Companies
High
80-100%
Cash, Money
Market & Debt
instruments
Low
0-20%
The primary investment
objective of the Schemes
is to generate long-term
capital appreciation to
unit holders from a
portfolio that is invested
predominantly in equity
and equity related
securities of companies
engaged in
Manufacturing activity.
The Scheme does not
guarantee/indicate any
returns. There can be no
assurance that the
An open ended
equity scheme
following the
Manufacturing
theme
951.60
44,111
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 38
Name of
Existing
Scheme
Asset Allocation Pattern
Primary Investment
Pattern
Differentiation
AUM in
crs. (as
on April
30,
2024)
No. of
Folios (as
on April 30,
2024)
schemes’ objectives will
be achieved.
Aditya
Birla
Sun Life
Pharma
&
Healthca
re Fund
Instrument
Risk
Profile
Normal
Allocati
on (% of
total
Assets)
Equities & Equity
Linked
instruments of
companies in the
Pharma,
Healthcare and
Allied sectors
High
80% -
100%
Other Equities &
Equity Linked
instruments
High
0% -
20%
Units issued by
REITs & InvITs
Medium
to High
0% -
10%
Debt and Money
Market
Instruments
Low to
Medium
0% -
20%
An open ended equity
scheme investing in
Pharma and Healthcare
Services Sector
The scheme provides
long term capital
appreciation by investing
in equity/equity related
instruments of the
companies in the
Pharmaceuticals,
Healthcare and Allied
sectors in India.
The Scheme does not
guarantee/indicate any
returns. There can be
no assurance that the
schemes’ objectives
will be achieved.
An open ended
equity scheme
investing in
Pharma and
Healthcare
Services Sector
694.43
50,366
Aditya
Birla
Sun Life
PSU
Equity
Fund
Instrument(s)
Risk
Profile
Normal
Allocation
(% of total
Assets)
Equity &
Equity Related
instruments of
Public Sector
Undertakings.
High
80% -
100%
Other Equity
& Equity
Related
instruments
High
0% - 20%
Debt and
Money Market
Instruments
Low to
Medium
0% - 20%
Units issued
by REITs &
InvITs
Medium
to High
0% - 10%
An open ended equity
scheme following PSU
theme
The Investment objective
of the scheme is to
provide long term capital
appreciation by investing
in equity and equity
related instruments of
Public Sector
Undertakings (PSUs).
The Scheme does not
guarantee/indicate any
returns. There can be
no assurance that the
schemes’ objectives
will be achieved.
An open ended
equity scheme
following PSU
theme
4,134.49
8,57,847
Aditya
Birla
Sun Life
Special
Opportu
nities
Fund
Instrument
Risk
Profile
Normal
Allocat
ion
(% of
total
Assets)
Equity & Equity
related
instruments of
special
situations
theme
High
80% -
100%
Other Equity &
Equity related
instruments
High
0% -
20%
Debt, Units of
Mutual Fund
schemes,
Money Market
Instruments
and Cash &
Cash
Equivalents
Low to
Medium
0% -
20%
Units issued by
REITs & InvITs
Medium
to High
0% -
10%
The investment objective
of the scheme is to
provide long term capital
appreciation by investing
in opportunities presented
by special situations such
as corporate
restructuring,
Government policy
change and/or regulatory
changes, companies
going through temporary
but unique challenges
and other similar
instances.
The Scheme does not
guarantee/indicate any
returns. There can be
no assurance that the
schemes’ objectives
will be achieved.
An open-ended
equity scheme
following special
situations theme
730.43
50,563
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 39
Name of
Existing
Scheme
Asset Allocation Pattern
Primary Investment
Pattern
Differentiation
AUM in
crs. (as
on April
30,
2024)
No. of
Folios (as
on April 30,
2024)
Aditya
Birla
Sun Life
Internati
onal
Equity
Fund
Instrument
Risk
Profile
Range
Equity and Equity
related Instruments*
(Investment in foreign
equity securities as
permitted by
SEBI/RBI)
Medium to
High
90%-
100%
Fixed Income
Securities (including
Money Market
Instruments) **
Low to
medium
0%-10%
Aditya Birla Sun Life
International Equity Fund
seeks to generate long-
term growth of capital, by
investing predominantly
in a diversified portfolio
of equity and equity
related securities in the
international markets.
An open ended
equity scheme
following
international
theme by
investing
predominantly in
Global Equities
183.65
29,960
Aditya
Birla
Sun Life
Busines
s Cycle
Fund
Instruments
Risk
profil
e
Normal
Allocati
on (%
of total
Assets)
Equity & Equity
related instruments
selected on the basis
of business cycle
High
80% -
100%
Other Equity & Equity
related instruments
High
0% -
20%
Debt and Money
Market Instruments
Low
to
Medi
um
0% -
20%
Units issued by
REITs & InvITs
Medi
um to
High
0% -
10%
The investment objective
of the scheme is to
provide long term capital
appreciation by investing
predominantly in equity
and equity related
securities with a focus on
riding business cycles
through dynamic
allocation between
various sectors and
stocks at different stages
of business cycles in the
economy.
The Scheme does not
guarantee / indicate any
returns. There can be no
assurance that the
objective of the Scheme
will be achieved.
An open ended
equity scheme
following
business cycles
based investing
theme
1,701.15
90,657
Aditya
Birla
Sun Life
Transpo
rtation
and
Logistics
Fund
Under normal circumstances, the asset
allocation of the Scheme will be as follows:
Instruments
Risk
prof
ile
Allocation
(% of total
Assets)
Minim
um
Maxi
mum
Equity & Equity
related
instruments# of
companies
following
transportation
and logistics
theme*
Very
High
80%
100
%
Equity & Equity
related
instruments#
other than the
transportation
& logistics
theme
Very
High
0%
20%
Debt and
Money Market
Instruments^
Low
to
Mod
erat
e
0%
20%
Units issued by
REITs & InvITs
Very
High
0%
10%
# (including equity ETFs)
*(including stocks that are part of the
benchmark of the fund)
^ (including debt ETFs and debt derivatives)
The investment objective
of the Scheme is to
achieve long term capital
appreciation by investing
in equity and equity
related securities of
companies following
transportation and
logistics theme.
The Scheme does not
guarantee/indicate any
returns. There is no
assurance that the
objective of the Scheme
will be achieved.
An open ended
equity scheme
following
transportation
and logistics
theme.
1,297.61
76,466
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 40
F. FUNDAMENTAL ATTRIBUTES
Following are the fundamental attributes of the Scheme, in terms of Regulation 18 (15A) of the SEBI
Regulations
• Type of Scheme: An open ended equity scheme following Quant based investment theme.
The Scheme does not guarantee/indicate any returns. There is no assurance that the investment
objective of the Scheme will be achieved.
• Asset Allocation Pattern:
Please refer to ‘Section II - C. Asset Allocation and Investment Pattern’ of this SID for details.
• Terms of Issue: Listing/Redemption of Units:
As mentioned in Section III B of this SID
• Aggregate Fees and Expenses
Please refer to ‘Section IV. Fees and Expenses’ of this SID.
• Any Safety Net or Guarantee provided:
This Scheme does not provide any guaranteed or assured return to its Investors.
In accordance with Regulation 25(26) of the SEBI (MF) Regulations, the asset management company shall
ensure that no change in the fundamental attributes of the scheme, fees and expenses payable or any other
change which would modify the scheme and affect the interest of unit holders, shall be carried out unless-
− SEBI has reviewed and provided its comments on the proposal;
− A written communication about the proposed change is sent to each Unitholders and an advertisement is
given in one English daily newspaper having nationwide circulation as well as in a newspaper published
in the language of the region where the Head Office of the Mutual Fund is situated; and
− The unitholders are given an option to exit at the prevailing Net Asset Value without any exit load for a
period of atleast 30 days.
The Trustees shall ensure that no change in the fundamental attributes of any scheme, the fees and expenses
payable or any other change which would modify the scheme and affect the interest of the unit holders are
carried out by the asset management company, unless it complies with sub-regulation (26) of regulation 25 of
SEBI (Mutual Funds) Regulations, 1996.
G. BENCHMARK
The performance of the scheme will be benchmarked to the performance of Nifty 200 TRI.
Rationale for adoption of benchmark:
The NIFTY 200 Index is designed to reflect the behavior and performance of large and mid market
capitalization companies. NIFTY 200 includes all companies forming part of NIFTY 100 and NIFTY Full Midcap
100 index. This Index is suitable for the benchmarking of funds in Quant Theme.
H. FUND MANAGER
Mr. Harish Krishnan would be the designated Fund Manager of the Scheme.
Name
Age
Educational
Qualifications
Experience
Mr. Harish
Krishnan
43 years
B.E. from
Government
College, Trichur
Chartered
Financial Analyst
He has an experience of over 20 years in Asset Management
industry both domestically and internationally. Prior to joining
Aditya Birla Sun Life AMC Limited (“ABSLAMC”), he was
associated with Kotak Mutual Fund for more than 10 years as
Senior Fund Manager - Equity. He has also worked at Kotak
• Investment objective: The investment objective of the Scheme is to generate long term capital
appreciation by investing in equity and equity related securities based on quant model theme .
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 41
and PGDBM, IIM
Kozhikode
Mahindra (UK) Limited where he managed offshore funds
based out of Singapore and Dubai.
Names of other schemes under his management:
Name of the scheme
Fund responsibilities jointly with
Aditya Birla Sun Life Manufacturing Equity Fund
-
Aditya Birla Sun Life Business Cycle Fund
Mr. Dhaval Gala and Mr. Dhaval Joshi
Aditya Birla Sun Life Midcap Fund
Mr. Dhaval Joshi
Aditya Birla Sun Life Flexi Cap Fund
Mr. Dhaval Joshi
Dedicated Fund Manager for Overseas Investments
Mr. Dhaval Joshi would be the designated Fund Manager for overseas investments of the
Scheme.
Name
Age
Educational
Qualifications
Experience
Mr. Dhaval
Joshi
38 years
MBA
(Finance),
M.Com,
B.Com
He has an experience of over 16 years in equity research and investments.
Prior to joining Aditya Birla Sun Life AMC Limited, he was associated with
Sundaram Mutual Fund (India) Ltd. For around 5 years. He has also
worked as a Research Analyst with Emkay Global Financial Services and
Asit C Mehta Investment Intermediates Ltd.
Names of other schemes under his management:
Name of the scheme
Fund responsibilities jointly with
Aditya Birla Sun Life Asset Allocator FoF
Mr. Vinod Bhat
Aditya Birla Sun Life Bal Bhavishya Yojna
Mr. Atul Penkar, Mr. Harshil Suvarnkar
Aditya Birla Sun Life Banking and Financial Services Fund
Mr. Dhaval Gala
Aditya Birla Sun Life Business Cycle Fund
Mr. Harish Krishnan, Mr. Dhaval Gala
Aditya Birla Sun Life Corporate Bond Fund
Mr. Kaustubh Gupta
Aditya Birla Sun Life Credit Risk Fund
Ms. Sunaina Da Cunha, Mr. Mohit Sharma
Aditya Birla Sun Life Digital India Fund
Mr. Kunal Sangoi
Aditya Birla Sun Life Dividend Yield Fund
Mr. Dhaval Gala
Aditya Birla Sun Life Dynamic Bond Fund
Mr. Mohit Sharma, Mr. Bhupesh Bameta
Aditya Birla Sun Life Equity Advantage Fund
Mr. Atul Penkar
Aditya Birla Sun Life Equity Hybrid '95 Fund
Mr. Mahesh Patil, Mr. Chanchal Khandelwal,
Mr. Harshil Suvarnkar
Aditya Birla Sun Life ESG Integration Strategy Fund
Mr. Dhaval Gala
Aditya Birla Sun Life Financial Planning FoF
Mr. Vinod Bhat
Aditya Birla Sun Life Flexi Cap Fund
Mr. Harish Krishnan
Aditya Birla Sun Life Floating Rate Fund
Mr. Kaustubh Gupta, Mr. Harshil Suvarnkar
Aditya Birla Sun Life Focused Fund
Mr. Kunal Sangoi
Aditya Birla Sun Life Frontline Equity Fund
Mr. Mahesh Patil
Aditya Birla Sun Life Global Emerging Opportunities Fund
-
Aditya Birla Sun Life Global Excellence Equity Fund of
Fund
-
Aditya Birla Sun Life Government Securities Fund
Mr. Bhupesh Bameta
Aditya Birla Sun Life Income Fund
Mr. Bhupesh Bameta
Aditya Birla Sun Life India GenNext Fund
Mr. Chanchal Khandelwal
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 42
Aditya Birla Sun Life Infrastructure Fund
Mr. Mahesh Patil, Mr. Jonas Bhutta
Aditya Birla Sun Life International Equity Fund
-
Aditya Birla Sun Life Liquid Fund
Mr. Kaustubh Gupta, Ms. Sunaina da Cunha,
Mr. Sanjay Pawar
Aditya Birla Sun Life Long Duration Fund
Mr. Harshil Suvarnkar, Mr. Bhupesh Bameta
Aditya Birla Sun Life Low Duration Fund
Mr. Kaustubh Gupta, Mr. Mohit Sharma
Aditya Birla Sun Life Medium Term Plan
Ms. Sunaina Da Cunha, Mr. Mohit Sharma
Aditya Birla Sun Life Midcap Fund
Mr. Harish Krishnan
Aditya Birla Sun Life MNC Fund
Mr. Chanchal Khandelwal
Aditya Birla Sun Life Money Manager Fund
Mr. Mohit Sharma, Mr. Kaustubh Gupta and
Mr. Anuj Jain
Aditya Birla Sun Life Multi-Cap Fund
Mr. Dhaval Shah, Mr. Harshil Suvarnkar
Aditya Birla Sun Life NASDAQ 100 FOF
-
Aditya Birla Sun Life Pharma & Healthcare Fund
Mr. Dhaval Shah
Aditya Birla Sun Life PSU Equity Fund
Mr. Dhaval Gala
Aditya Birla Sun Life Pure Value Fund
Mr. Kunal Sangoi
Aditya Birla Sun Life Regular Savings Fund
Mr. Dhaval Shah, Mr. Harshil Suvarnkar
Aditya Birla Sun Life Retirement Fund
Mr. Dhaval Shah, Mr. Harshil Suvarnkar
Aditya Birla Sun Life Savings Fund
Mr. Kaustubh Gupta / Ms. Sunaina da Cunha/
Ms. Monika Gandhi
Aditya Birla Sun Life Short Term Fund
Mr. Kaustubh Gupta, Mr. Mohit Sharma
Aditya Birla Sun Life Small Cap Fund
Mr. Vishal Gajwani
Aditya Birla Sun Life Special Opportunities Fund
Mr. Chanchal Khandelwal
Aditya Birla Sun Life ELSS Tax Saver Fund
Mr. Atul Penkar, Mr. Dhaval Gala
Aditya Birla Sun Life Multi - Index Fund of Funds
Mr. Vinod Bhat
Aditya Birla Sun Life Multi Asset Allocation Fund
Mr. Dhaval Shah, Mr. Bhupesh Bameta, Mr.
Sachin Wankhede
Aditya Birla Sun Life Transportation and Logistics Fund
Mr. Dhaval Gala
I. INVESTMENT RESTRICTIONS FOR THE SCHEME
All investments by the Scheme and the Mutual Fund will always be within the investment restrictions as
specified in the SEBI (MF) Regulations. Pursuant to the Regulations, the following investment and other
restrictions are presently applicable to the scheme:
• All investments by the Scheme shall be made only in listed or to be listed equity shares and equity related
instruments.
• The Scheme shall not invest more than 10% of its NAV in the equity shares or equity related instruments
of any company.
• In accordance with Para 12.8 of SEBI Master Circular on Mutual Funds dated May 19, 2023 & as
amended from time to time, the scheme shall not invest more than:
a. 10% of its NAV in debt and money market securities rated AAA; or
b. 8% of its NAV in debt and money market securities rated AA; or
c. 6% of its NAV in debt and money market securities rated A and below issued by a single issuer.
The above investment limits may be extended by up to 2% of the NAV of the scheme with prior approval
of the Board of Trustees and Board of Directors of the AMC, subject to compliance with the overall 12%
limit specified in clause 1 of Seventh Schedule of MF Regulation.
The long term rating of issuers shall be considered for the money market instruments. However, if there
is no long term rating available for the same issuer, then based on credit rating mapping of CRAs between
short term and long term ratings, the most conservative long term rating shall be taken for a given short
term rating. Exposure to government money market instruments such as TREPS on G-Sec/ T-bills shall
be treated as exposure to government securities. Provided that, such limit shall not be applicable for
investments in government securities, treasury bills and triparty repo on Government securities or treasury
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 43
bills. Provided further that investment within such limit can be made in mortgage backed securitised debt
which are rated not below investment grade by a credit rating agency registered with SEBI.
• Investment in unrated debt and money market instruments (other than government securities, treasury
bills, derivative products such as Interest Rate Swaps (IRS), Interest Rate Futures (IRF), etc.) by the
Scheme shall not exceed 5% of the net assets of the Scheme. However, all such investments shall be
made with the prior approval of the Board of AMC and Trustees.
• The Scheme shall not invest in unlisted debt instruments including commercial papers (CPs), other than
(a) government securities, (b) other money market instruments and (c) derivative products such as Interest
Rate Swaps (IRS), Interest Rate Futures (IRF), etc. which are used by mutual funds for hedging. However,
mutual fund schemes may invest in unlisted Non-Convertible Debentures (NCDs) not exceeding 10% of
the debt portfolio of the scheme subject to the condition that such unlisted NCDs have a simple structure
(i.e. with fixed and uniform coupon, fixed maturity period, without any options, fully paid up upfront, without
any credit enhancements or structured obligations) and are rated and secured with coupon payment
frequency on monthly basis.
Provided further that, the Scheme shall comply with the norms under this clause within the time and in the
manner as may be specified by the Board.
• All investments by the Scheme in CPs would be made only in CPs which are listed or to be listed.
• The Mutual Fund under all its schemes shall not own more than 10% of any company’s paid up capital
carrying voting rights.
Provided, for investments in asset management company or trustee company of other mutual fund,
collective investment of sponsor of a mutual fund, its associate and/or its group company, and its AMC
through Schemes should be considered for calculating 10% voting rights.
• The investment of the Scheme in the following instruments shall not exceed 10% of the debt portfolio of
the Scheme and the group exposure in such instruments shall not exceed 5% of the debt portfolio of the
Scheme:
- Unsupported rating of debt instruments (i.e. without factoring-in credit enhancements) is below
investment grade; and
- Supported rating of debt instruments (i.e. after factoring-in credit enhancement) is above investment
grade
The above limits shall not be applicable on investments in securitised debt instruments.
• Investment by the Scheme in debt instruments, having credit enhancements backed by equity shares
directly or indirectly, shall have a minimum cover of 4 times considering the market value of such shares.
Further, the investment in debt instruments having credit enhancements should be sufficiently covered to
address the market volatility and reduce the inefficiencies of invoking of the pledge or cover, whenever
required, without impacting the interest of the investors. In case of fall in the value of the cover below the
specified limit, AMCs will initiate necessary steps to ensure protection of the interest of the investors.
• Pursuant to para 12.2 of SEBI Master Circular on Mutual Funds dated May 19, 2023, no Mutual Fund
under all its schemes shall own more than 10% of debt instruments with special features issued by a
single issuer.
The Scheme shall not invest –
a. more than 10% of its NAV of the debt portfolio of the scheme in such instruments; and
b. more than 5% of its NAV of the debt portfolio of the scheme in such instruments issued by a single
issuer. The above investment limit for a mutual fund scheme shall be within the overall limit for debt
instruments issued by a single issuer, as specified at clause 1 of the Seventh Schedule of SEBI (Mutual
Fund) Regulations, 1996, and other prudential limits with respect to the debt instruments
• The Scheme may invest in other schemes under the same AMC or any other Mutual Fund without
charging any fees, provided the aggregate inter-scheme investment made by all the Schemes under the
same management or in schemes under management of any other Asset Management Company shall
not exceed 5% of the Net Asset Value of the Fund. No investment management fees shall be charged for
investing in other schemes of the fund or in the schemes of any other Mutual Fund.
• Transfer of investments from one scheme to another scheme in the Mutual Fund is permitted provided:
− Such transfers are done at the prevailing market price for quoted instruments on spot basis (spot basis shall
have the same meaning as specified by a Stock Exchange for spot transactions); and
− The securities so transferred shall be in conformity with the investment objective of the Scheme to which
such transfer has been made.
• Transfer of investments from one scheme to another scheme in the Mutual Fund is permitted provided the
same are line with para 12.30 of SEBI Master Circular on Mutual Funds dated May 19, 2023.
• The Mutual Fund shall get the securities purchased or transferred in the name of the fund on account of
the concerned Scheme, wherever investments are intended to be of a long-term nature.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 44
• The Mutual Fund shall buy and sell securities on the basis of deliveries and shall in all cases of purchases
take delivery of relevant securities and in all cases of sale, deliver the securities.
Provided further that the Mutual Fund may enter into derivatives transactions in a recognized stock
exchange, subject to the framework specified by SEBI.
Provided further that sale of government security already contracted for purchase shall be permitted in
accordance with the guidelines issued by the Reserve Bank of India in this regard.
• Pending deployment of funds of the Scheme in terms of its investment objectives, the Scheme may invest
its funds in short term deposits of scheduled commercial banks, subject to the following guidelines for
parking of funds in short term deposits of scheduled commercial banks laid down in para 12.16 of SEBI
Master Circular on Mutual Funds dated May 19, 2023 and such other guidelines as may be specified by
SEBI from time to time:
i. “Short Term” for parking of funds shall be treated as a period not exceeding 91 days. Such short-
term deposits shall be held in the name of the Scheme.
ii. The Scheme shall not park more than 15% of the net assets in short term deposit(s) of all the
scheduled commercial banks put together. However, such limit may be raised to 20% with the
approval of the Trustee.
iii. Parking of funds in short term deposits of associate and sponsor scheduled commercial banks
together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits.
iv. The Scheme shall not park more than 10% of the net assets in short term deposit(s), with any one
scheduled commercial bank including its subsidiaries.
v. The Scheme shall not park funds in short-term deposit of a bank which has invested in the Scheme.
The bank in which a scheme has short-term deposit shall not invest in the scheme until the scheme
has short-term deposit with such bank.
vi. The AMC will not charge any investment management and advisory fees for funds under the
Scheme parked in short term deposits of scheduled commercial banks.
The above norms do not apply to term deposits placed as margins for trading in cash and derivatives market.
However, all term deposits placed as margins shall be disclosed in the half yearly portfolio statements under
a separate heading. Details such as name of bank, amount of term deposits, duration of term deposits,
percentage of NAV should be disclosed.
• The Scheme shall not make any investment in:
− Any unlisted security of an associate or group company of the Sponsor; or
− Any security issued by way of private placement by an associate or group company of the Sponsor; or
− The listed securities of group companies of the Sponsor, which is in excess of 25% of the net assets.
• The Scheme shall not borrow except to meet temporary liquidity needs of the Fund for the purpose of
repurchase / redemption of Units or payment of interest and IDCW to the Unitholders.
Provided that the Fund shall not borrow more than 20% of the net assets of any individual Scheme and
the duration of the borrowing shall not exceed a period of 6 months.
• This Scheme seeks to invest an amount of US $ 50 million in foreign securities and US $ 20 million in
overseas ETFs subject to guidelines laid down in para 12.19 of SEBI Master Circular on Mutual Funds
dated May 19, 2023. Further, the said limits shall be valid for a period of six months from the date of
closure of NFO. Post completion of the six months, the relevant provisions para 12.19 of SEBI Master
Circular on Mutual Funds dated May 19, 2023 shall be applicable.
• Subject to guidelines laid down in para 12.19 and 12.20 of SEBI Master Circular on Mutual Funds dated
May 19, 2023, the Scheme on ongoing basis may invest upto 20% of the average Asset Under
Management (‘AUM’) of the previous three calendar months in overseas securities/Overseas ETFs
subject to maximum limit of USD 1 Billion at Fund house level. Pursuant to para 12.19 of SEBI Master
Circular on Mutual Funds dated May 19, 2023 the aforesaid 20% limit for ongoing investment in overseas
securities will be soft limit for purpose of reporting only on a monthly basis to SEBI.
For overseas ETFs, Mutual Funds can make investment subject to a maximum of US $ 300 million per
Mutual Fund.
• Debentures, irrespective of any residual maturity period (above or below 1 year), shall attract the
investment restrictions as applicable for debt instruments as specified under Clause 1 and 1A of the
Seventh Schedule to the Regulations or as may be specified by SEBI from time to time.
• The Mutual Fund shall not advance any loans for any purpose.
• The Scheme shall not invest in a fund of funds scheme.
• The scheme shall not invest in Credit default swaps and short selling.
• The Scheme shall not invest:
- more than 10% of its NAV in the units of REIT and InvIT; and
- more than 5% of its NAV in the units of REIT and InvIT issued by a single issuer.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 45
• The fund under all its schemes should not invest more than 10% of units issued by a single issuer of REIT
and InvIT.
The Scheme will comply with any other regulations applicable to the investments of mutual funds from time to
time.
The Trustees may alter the above restrictions from time to time to the extent that changes in the Regulations
may allow and as deemed fit in the general interest of the unit holders.
All investment restrictions shall be applicable at the time of making the investment.
As such investments by the Scheme will be made in accordance with SEBI (MF) Regulations, including
Schedule VII thereof.
Restrictions pertaining to Repo Transactions in Corporate Debt Securities:
The Mutual Fund shall ensure compliance with the Seventh Schedule of the SEBI (MF) Regulations about
restrictions on investments, wherever applicable, with respect to repo transactions in corporate debt securities.
In accordance with para 12.18 & 12.28 of SEBI Master Circular on Mutual Funds dated May 19, 2023, the
Scheme may participate in repos in corporate debt securities as per the guidelines issued by RBI and SEBI
from time to time.
Participation in repos in corporate debt securities shall be made in line with the policy approved by the Board
of ABSLAMC and ABSLTPL. The key features of the policy are as follows:
- The gross exposure to repo transactions in corporate debt securities shall not be more than 10% of the
net assets offered under the Scheme.
- The cumulative gross exposure through repo transactions in corporate debt securities along with corporate
debt, equity, equity related instruments, debt, money market instruments and derivatives shall not exceed
100% of the net assets offered under the Scheme.
- Only listed corporate debt securities which are rated ‘AA and above’ by accredited rating agencies, that
are held in the security account of the repo seller, in dematerialized form, and Commercial Papers (CPs)
and Certificate of Deposits (CDs) shall be eligible.
- The details of repo transactions of the Scheme in corporate debt securities, including details of
counterparties, amount involved and percentage of NAV shall be disclosed to investors in the half yearly
portfolio statements and to SEBI in the half yearly trustee report.
- In terms of Regulation 44 (2) of the SEBI (MF) Regulations, the Scheme shall borrow through repo
transactions only if the tenor of the transaction does not exceed a period of six months.
- The Mutual Fund shall ensure compliance with the Seventh Schedule of the SEBI (MF) Regulations about
restrictions on investments, wherever applicable, with respect to repo transactions in corporate debt
securities.
- Tenor: In case of investment in Corporate Repos, the tenor of the transaction may range from a minimum
period of one day to a maximum period of one year.
- Haircut: A haircut shall be applicable on the market value of the corporate debt security prevailing on the
date of trade of 1st leg, depending upon the rating of the underlying security.
- Applicable Minimum Haircut on the underlying security:
Rating of the Security
AAA/A1
AA+/A2+
AA/A2
Minimum Haircut
7.5%
8.5%
10%
- Eligible Counterparties: In accordance with the RBI Circular No. RBI/2009‐10/284
idmd.dod.05/11.08.38/2009‐10 dated January 8, 2010, the following categories of entities shall be
deemed to be the eligible counterparties to undertake repo transactions in corporate debt securities,
provided, they form part of the Fixed Income Investment Universe of Aditya Birla Sun Life Mutual Fund,
have unexhausted credit limits, approved by the Credit Committee, at least to the extent of gross repo
exposure and subject to execution of master repo agreement:
i. Any scheduled commercial bank excluding RRBs and LABs;
ii. Any Primary Dealer authorised by the Reserve Bank of India;
iii. Any non-banking financial company registered with the Reserve Bank of India (other than
Government companies as defined in section 617 of the Companies Act, 1956);
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 46
iv. All-India Financial Institutions, namely, Exim Bank, NABARD, NHB and SIDBI;
v. Other regulated entities, subject to the approval of the regulators concerned, viz.,
• Any mutual fund registered with the Securities and Exchange Board of India;
• Any housing finance company registered with the National Housing Bank; and
• Any insurance company registered with the Insurance Regulatory and Development Authority
• Any other entity specifically permitted by the Reserve Bank.
• Credit Rating of Counterparty: Category of Counterparty and Credit Rating of counterparty that
ABSLAMC schemes shall enter into lending via Repo shall be only in Investment Grade counterparties (as
required by SEBI regulation) which are part of our approved Debt Universe on which we have approved
Credit Limits. ABSLAMC has a stringent Credit policy with an appropriate authorisation matrix and approval
structure for any credit exposures taken.
The Trustees may alter the above restrictions from time to time to the extent that changes in the Regulations
may allow and as deemed fit in the general interest of the unit holders.
J. SCHEME PERFORMANCE
This scheme is a new scheme and does not have any performance track record.
Section III - UNITS AND OFFER
This Section provides details you need to know for investing in the Scheme.
A. NEW FUND OFFER
New Fund Offer Period
This is the period during
which a new scheme sells its
units to the investors.
NFO opens on: MONDAY, JUNE 10, 2024
NFO closes on: MONDAY, JUNE 24, 2024
The AMC reserves the right to modify the New Fund Offer Period, subject
to the condition that the subscription list of the New Fund Offer Period shall
remain open for subscription for a minimum period of three working days
and not more than 15 days. Any modification to the New Fund Offer period
shall be announced by way of an Addendum uploaded on website of the
AMC.
New Fund Offer Price
This is the price per unit that
the investors have to pay to
invest during the NFO.
The New Fund Offer price of Units of the scheme will be Rs.10 per Unit.
Minimum Amount for
Application during the NFO
Minimum of Rs 500/- and in multiples of Re. 1/- thereafter during the NFO
period.
Minimum Target amount
This is the minimum amount
required to operate the
scheme and if this is not
collected during the NFO
period, then all the investors
would be refunded the
amount invested without any
return. However, if AMC fails
to refund the amount within 5
Business days, interest as
specified by SEBI (currently
15% p.a.) will be paid to the
investors from the expiry of 5
Business days from the date
of closure of the NFO period.
The minimum subscription (target) amount under the Scheme shall be
Rs.10,00,00,000/- (Rupees Ten Crore) during the New Fund Offer Period.
Therefore, subject to the applications being in accordance with the terms
of this offer, full and firm allotment will be made to the Unit holders.
Maximum amount to be
raised (if any)
N.A.
Plans / Options offered
The Scheme will have Regular Plan and Direct Plan** with a common
portfolio and separate NAVs. Investors should indicate the Plan for which
the subscription is made by indicating the choice in the application form.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 47
Each of the above (Regular and Direct) Plans under the scheme will have
the following Options:
(1) Growth Option and
(2) Income Distribution cum capital withdrawal (“IDCW”) Option
(Payout of IDCW)^
^the amounts can be distributed out of investors capital (Equalization
Reserve), which is part of sale price that represents realized gains
**DIRECT PLAN:
i. Direct Plan is only for investors who purchase /subscribe Units in
a Scheme directly with the Mutual Fund and is not available for
investors who route their investments through a Distributor.
ii. Eligible investors: All categories of investors (whether existing or new
Unitholders) as permitted under the Scheme Information Document of
the Scheme are eligible to subscribe under Direct Plan.
iii. Modes for applying: Investments under Direct Plan can be made
through various modes offered by the Mutual Fund for investing directly
with the Mutual Fund including through Stock Exchange Platforms
[except other Platform(s) where investors’ applications for subscription
of units are routed through Distributors].
iv. How to apply:
a. Investors desirous of subscribing under Direct Plan of a Scheme will
have to ensure to indicate “Direct Plan” against the Scheme name in
the application form.
b. Investors should also indicate “Direct” in the ARN column of the
application form.
Payout of IDCW
Under this option, it is proposed to declare IDCW subject to the availability
of distributable surplus as computed in accordance with SEBI Regulations.
IDCW, if declared, will be paid (subject to deduction of tax at source, if any)
to those Unitholders, whose names appear in the register of Unitholders on
the notified record date. AMC reserves the right to change the record date
from time to time. However, it must be distinctly understood that actual
declaration of IDCW and frequency thereof is at the discretion of trustees.
There is no assurance or guarantee to Unitholders as to the rate of IDCW
distribution nor that the IDCW will be paid regularly. The IDCW shall be paid
in the name of the sole / first holder and, if applicable, will be posted to the
Registered Address of the sole / first holder in the original application form.
To safeguard the interest of the unit holders from loss/ theft of IDCW
cheques, investors should provide the name of their bank, branch, account
number and IFSC/ MICR Number in the application form. IDCW cheques will
be sent to the unit holder after incorporating such information. However,
AMC will endeavor to credit the Payout of IDCW directly to the designated
Bank A/c of the unitholder through any of the available electronic mode (i.e.
RTGS / NEFT / Direct Credit / NECS). AMC reserves the right to use any of
the above mode of payment as deemed appropriate for all folios where the
required information is available. On payments of IDCW, the NAV will stand
reduced by the amount of IDCW paid. In case the IDCW amount payable is
less than or equal to Rs 100/- (Rupees One Hundred only) the same will
be compulsorily reinvested in the corresponding Scheme(s)/Plan(s) on the
ex-IDCW date at Applicable NAV The amount of IDCW reinvested will be
net of applicable taxes.
Growth Option
Under this option, no IDCW will be declared. The income attributable to units
under this option will continue to remain invested and will be reflected in the
NAV of the units under this option.
Default Plan:
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 48
Investors are requested to note the following scenarios for the applicability
of “Direct Plan or Regular Plan” for valid applications received under the
Scheme:
Scenario
Broker Code
mentioned by
the investor
Plan mentioned
by the investor
Default Plan to
be captured
1
Not mentioned
Not mentioned
Direct Plan
2
Not mentioned
Direct
Direct Plan
3
Not mentioned
Regular
Direct Plan
4
Mentioned
Direct
Direct Plan
5
Direct
Not Mentioned
Direct Plan
6
Direct
Regular
Direct Plan
7
Mentioned
Regular
Regular Plan
8
Mentioned
Not Mentioned
Regular Plan
In cases of wrong/ invalid/ incomplete ARN codes mentioned on the
application form, the application shall be processed under Regular Plan.
The AMC shall contact and obtain the correct ARN code within 30 calendar
days of the receipt of the application form from the investor/ distributor. In
case, the correct code is not received within 30 calendar days, the AMC
shall reprocess the transaction under Direct Plan from the date of
application without any exit load.
Default Option/Sub-option: Growth Option
In case of valid application received without indicating choice between
Growth and IDCW Option, the same shall be considered as Growth Option
and processed accordingly.
Income Distribution cum
capital withdrawal Policy
Under IDCW option, it is proposed to declare IDCW subject to the availability
of distributable surplus as computed in accordance with SEBI Regulations.
IDCW, if declared, will be paid (subject to deduction of tax at source, if any)
to those unitholders, whose names appear in the register of unitholders on
the notified record date. AMC reserves the right to change the record date
from time to time. However, it must be distinctly understood that actual
declaration of IDCW and frequency thereof is at the discretion of Trustees.
There is no assurance or guarantee to unitholders as to the rate of IDCW nor
that will the IDCW be paid regularly. On payments of IDCW, the NAV will
stand reduced by the amount of IDCW paid and other statutory levies, if
applicable.
IDCW Distribution Procedure:
The salient features with respect to the IDCW distribution, in accordance with
Chapter 11 of SEBI Master Circular on Mutual Funds dated May 19, 2023 are
as follows:
• Quantum of IDCW and Record date shall be fixed by the Trustees.
• AMC shall issue a notice to the public communicating the decision about
IDCW including the record date, within one calendar day of the decision made
by the trustees in their meeting.
Record date shall be the date that will be considered for the purpose of
determining the eligibility of investors whose name appear on the register of
unitholders. Record date shall be two working days from the date of
publication in at least one English newspaper or in a newspaper published in
the language of the region where the Head Office of the mutual fund is
situated, whichever is issued earlier. However, the aforesaid procedure shall
not be applicable for plan/ options having frequency of IDCW distribution from
daily upto monthly.
Allotment
All Applicants whose payment towards purchase of Units have been realised
will receive a full and firm allotment of Units, provided that the applications are
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 49
complete in all respects and are found to be in order. Allotment to NRIs/FPIs
will be subject to RBI approval, if required. All allotments will be provisional,
subject to realisation of payment instrument and subject to the AMC having
been reasonably satisfied about receipt of clear funds. The process of
allotment of Units will be completed within 5 (five) business days from the date
of closure of the New Fund Offer Period. Subject to the SEBI (MF) Regulations,
the AMC / Trustee may reject any application received in case the application
is found invalid/incomplete or for any other reason.
Allotment Confirmation / Consolidated Account Statement (CAS)/
Single Consolidated Account Statement (SCAS):
AMC / Depositories shall send allotment confirmation specifying the
number of units allotted to the investor by way of email and/or SMS’s to the
investors’ registered email address and/or mobile number not later than 5
(five) business days from the date of closure of the New Fund Offer Period.
Thereafter, a Consolidated Account Statement (CAS) / Single
Consolidated Account Statement (SCAS) shall be sent to the unitholder in
whose folio transactions have taken place during that month, on or before
10th of the succeeding month by e-mail/mail. In case of specific request
received from investors, Mutual Fund will issue an account statement to
the investors within 5 (five) Business Days from the date of receipt of such
request.
No Account Statements will be issued to investors opted to hold units
in electronic (demat) mode, since the statement of account furnished
by depository participant periodically will contain the details of
transactions.
Refund
If application is rejected, full amount will be refunded within 5 Business
days of closure of NFO by way of RTGS, NEFT, IMPS, direct credit, etc. or
any other mode allowed by Reserve Bank of India from time to time by
speed post, courier etc. If refunded later than 5 Business days, interest @
15% p.a. for delay period will be paid and charged to the AMC.
Who can invest
This is an indicative list and
you are requested to consult
your financial advisor to
ascertain whether the
scheme is suitable to your risk
profile.
The following persons are eligible and may apply for subscription to the
Units of the Scheme (subject, wherever relevant, to purchase of units of
mutual funds being permitted under relevant statutory regulations and
their respective constitutions):
1. Resident adult individuals either singly or jointly (not exceeding three)
or on an Anyone or Survivor basis;
2. Karta of Hindu Undivided Family (HUF);
3. Minors through parent / legal guardian;
4. Partnership Firms & Limited Liability Partnerships (LLPs);
5. Companies, Bodies Corporate, Public Sector Undertakings,
Association of Persons or bodies of individuals and societies registered
under the Societies Registration Act, 1860;
6. Banks & Financial Institutions;
7. Mutual Funds / Alternative Investment Funds registered with SEBI;
8. Religious and Charitable Trusts, Wakfs or endowments of private trusts
(subject to receipt of necessary approvals as required) and Private
trusts authorised to invest in mutual fund schemes under their trust
deeds;
9. Non-Resident Indians (NRIs) / Persons of Indian origin (PIOs) /
Overseas Citizen of India (OCIs) residing abroad on repatriation basis
or on non-repatriation basis;
10. Foreign Portfolio Investors (FPIs) registered with SEBI
11. Army, Air Force, Navy and other para-military units and bodies created
by such institutions;
12. Scientific and Industrial Research Organisations;
13. Multilateral Funding Agencies / Bodies Corporate incorporated outside
India with the permission of Government of India / Reserve Bank of
India;
14. Other schemes of Mutual Funds subject to the conditions and limits
prescribed by SEBI Regulations;
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 50
15. Trustee, AMC or Sponsor or their associates may subscribe to Units
under the Scheme;
16. Such other individuals / institutions / body corporate etc., as may be
decided by the Mutual Fund from time to time, so long as wherever
applicable they are in conformity with SEBI (MF) Regulations.
Notes:
• NRI and PIO residing abroad (NRIs) / OCI have been granted a general
permission by Reserve Bank of India [Schedule 5 of the Foreign
Exchange Management (Transfer or Issue of Security by a Person
Resident Outside India) Regulations, 2000 for investing in / redeeming
units of the mutual funds subject to conditions set out in the aforesaid
regulations.
• Subject to provisions of SEBI (MF) Regulations, FEMA and other
applicable regulations read with guidelines and notifications issued from
time to time by SEBI and RBI, investments in the schemes can be made
by various categories of persons as listed above including NRIs, FPIs
etc.
FATCA is a United States (US) Federal Law, aimed at prevention of tax
evasion by US Citizens and Residents (US Persons) through use of
offshore accounts. FATCA provisions were included in the Hiring
Incentives to Restore Employment (HIRE) Act, enacted by US Legislature.
SEBI vide its circular no. CIR/MIRSD/2/2014 dated June 30, 2014, has
advised that Government of India and US Government have reached an
agreement in substance on the terms of an Inter-Governmental Agreement
(IGA) to implement FATCA and India is now treated as having an IGA in
effect from April 11, 2014. Further, SEBI vide its circular no.
CIR/MIRSD/2/2015 dated August 26, 2015 has informed that on July 9,
2015, the Government of India and US Government have signed an
agreement to improve international tax compliance and to implement
FATCA in India. The USA has enacted FATCA in 2010 to obtain
information on accounts held by U.S. taxpayers in other countries. As per
the aforesaid agreement, foreign financial institutions (FFIs) in India will be
required to report tax information about U.S. account holders / taxpayers
directly to the Indian Government which will, in turn, relay that information
to the U.S. Internal Revenue Service (IRS).
Aditya Birla Sun Life AMC Limited (the AMC)/the Fund is classified as a
Foreign Financial Institution (FFI) under the FATCA provisions and in
accordance therewith, the AMC/the Fund would be required, from time to
time:
(i) To undertake necessary due diligence process by collecting information/
documentary evidence about US/Non US status of the investors/unit
holders and identify US reportable accounts;
(ii) To the extent legally permitted, disclose/report information (through
itself or its service provider) about the holdings, investment returns
pertaining to US reportable accounts to the specified US agencies and/or
such Indian authorities as may be specified under FATCA guidelines or
under any other guidelines issued by Indian Authorities such as SEBI,
Income Tax etc. (collectively referred to as ‘the Guidelines’) and;
(iii) Carry out any other related activities, as may be mandated under the
Guidelines, as amended from time to time.
FATCA due diligence will be applicable at each investor/unit holder
(including joint holders) level and on being identified as reportable
person/specified US person, all folios/accounts will be reported including
their identity, direct or indirect beneficiaries, beneficial owners and
controlling persons. Further, in case of folio(s)/account(s) with joint
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 51
holder(s), the entire account value of the investment portfolio will be
attributable under each such reportable person. Investor(s)/Unit Holder(s)
will therefore be required to comply with the request of the
AMC/the Fund to furnish such information, in a timely manner as may be
required by the AMC/the Fund to comply with the due diligence/reporting
requirements stated under IGA and/or the Guidelines issued from time to
time.
FATCA provisions are relevant not only at on-boarding stage of
investor(s)/unit holder(s) but also throughout the life cycle of investment
with the Fund/the AMC. In view of this, Investors should immediately
intimate to the Fund/the AMC, in case of any change in their status with
respect to FATCA related declaration provided by them previously.
The Fund/AMC reserves the right to reject any application or redeem the
units held directly or beneficially in case the applicant/investor(s) fails to
furnish the relevant information and/or documentation in accordance with
the FATCA provisions, notified.
The AMC reserves the right to change/modify the provisions mentioned
above in response to any new regulatory development which may require
to do so at a later date.
Unitholders should consult their own tax advisors regarding the
FATCA requirements with respect to their own situation and
investment in the schemes of Aditya Birla Sun Life Mutual Fund to
ensure that they do not suffer U.S. withholding tax on their investment
returns.
• In case of application under a Power of Attorney or by a limited company
or a corporate body or an eligible institution or a registered society or a
trust fund, the original Power of Attorney or a certified true copy duly
notarised or the relevant resolution or authority to make the application
as the case may be, or duly notarised copy thereof, alongwith a certified
copy of the Memorandum and Articles of Association and/or bye-laws
and / or trust deed and / or partnership deed and Certificate of
Registration should be submitted. The officials should sign the
application under their official designation. A list of specimen signatures
of the authorised officials, duly certified / attested should also be
attached to the Application Form. In case of a Trust / Fund it shall submit
a resolution from the Trustee(s) authorising such purchases and
redemptions.
• Returned cheques are not liable to be presented again for collection,
and the accompanying application forms are liable to be rejected. In
case the returned cheques are presented again, the necessary charges,
if any, are liable to be debited to the investor.
• In case of application in the name of minor, the minor has to be the first
and the sole holder. No joint holder will be allowed with the Minor as the
first or sole holder. The Guardian of the minor should either be a natural
guardian (i.e. father or mother) or a court appointed legal guardian. In
accordance with para 17.6 of SEBI Master Circular on Mutual Funds
dated May 19, 2023 read with SEBI circular dated May 12, 2023, payment
for investment by any mode shall be accepted from the bank account of
the minor, parent or legal guardian of the minor, or from a joint account of
the minor with parent or legal guardian, else the transaction is liable to get
rejected. A copy of birth certificate, passport copy, etc. evidencing date of
birth of the minor and relationship of the guardian with the minor, should
be mandatorily attached with the application. Further, irrespective of the
source of payment for subscription, all redemption proceeds shall be
credited only in the verified bank account of the minor, i.e. the account
the minor may hold with the parent/ legal guardian after completing all
KYC formalities.
• The minor unitholder, on attaining majority, shall inform the same to AMC
/ Mutual Fund / Registrar and submit following documents to change the
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 52
status of the account (folio) from 'minor' to 'major' to allow him to operate
the account in his own right viz., (a) Duly filled request form for changing
the status of the account (folio) from 'minor' to 'major'. (b) Updated bank
account details including cancelled original cheque leaf of the new account
(c) Signature attestation of the major by a bank manager of Scheduled
bank / Bank certificate or Bank letter. (d) KYC acknowledgement letter of
major. The guardian cannot undertake any financial and non-financial
transactions after the date of the minor attaining majority in an account
(folio) where the units are held on behalf of the minor, and further, no
financial and non-financial transactions can be undertaken till the time the
change in the status from 'minor' to 'major' is registered in the account
(folio) by the AMC/ Mutual Fund.
• The list given above is indicative and the applicable law, if any, shall
supersede the list.
• The Trustee, reserves the right to recover from an investor any loss
caused to the Scheme on account of dishonour of cheques issued by
the investor for purchase of units of this Scheme.
• Prospective investors are advised to satisfy themselves that they are not
prohibited by any law governing such entity and any Indian law from
investing in the Scheme(s) and are authorized to purchase units of mutual
funds as per their respective constitutions, charter documents, corporate /
other authorizations and relevant statutory provisions.
• No request for withdrawal of application made during the New Fund
Offer Period will be entertained. Further, any request for withdrawal of
application made during the New Fund Offer Period will be treated as
redemption request and shall be processed at the redemption price on
the first day after the scheme opens for sale and redemption on an
ongoing basis.
Applications Supported by
Blocked Amount (ASBA)
Investors also have an option to subscribe to units of the scheme during
the New Fund Offer period under the Applications Supported by
Blocked Amount (ASBA) facility, which would entail blocking of funds in
the investor’s Bank account, rather than transfer of funds, on the basis of
an authorisation given to this effect at the time of submitting the ASBA
application form.
Investors applying through the ASBA facility should carefully read the
applicable provisions before making their application. For further details on
ASBA facility, investors are requested to refer to SAI.
Where can you submit the
filled up applications
Registrar & Transfer Agents
Computer Age Management Services Limited (CAMS)
Rayala Towers, 158, Anna Salai, Chennai – 600 002.
Contact Details: 1800-425-2267
E-mail: adityabirlacapit[email protected]
Website Address:www.camsonline.com
The application forms can also be submitted at the designated offices /
ISCs of Aditya Birla Sun Life Mutual Fund as mentioned in this SID.
ASBA applications can be submitted only at Self Certified Syndicate Bank
(SCSB) at their designated branches. List of SCSBs and their designated
branches shall be displayed on the SEBI’s website
(http://www.sebi.gov.in/pmd/scsb.pdf).
How to Apply
Application form and Key Information Memorandum may be obtained from
the designated offices / ISCs of AMC or Investor Service Centres (ISCs) of
the Registrar or distributors or downloaded from
www.mutualfund.adityabirlacapital.com.
Investors intending to apply through ASBA will be required to submit ASBA
form to their respective banks, which in turn will block the amount in their
account as per authority contained in the ASBA form. ASBA form should
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 53
not be submitted at location other than SCSB as it will not be processed.
For details on ASBA process please refer the ASBA application form.
Please refer to the SAI and Application form for the instructions.
Listing
The Scheme being open ended; the Units are not proposed to be listed on any
stock exchange. However, the Fund may at its sole discretion list the Units on
one or more stock exchanges at a later date if it considers this to be necessary
in the interest of unit holders of the scheme.
Special Products / facilities
available during the NFO
I. SYSTEMATIC INVESTMENT PLAN (SIP)
SIP allows investors to invest money in scheme of Aditya Birla Sun Life
Mutual Fund on a regular basis. Applicants can avail of SIP facility by filling
up the relevant application form available at branch offices / ISC / OPTs.
SIP allows investors to invest money in scheme of Aditya Birla Sun Life
Mutual Fund on a regular basis. Applicants can avail of SIP facility by filling
up the relevant application form available at branch offices / ISC / OPTs.
Investors should note that during the New Fund Offer, SIP facility is
available only through NECS / Auto Debit. In this case, the investor should
mandatory give a cheque for the first SIP transaction drawn on the same
bank account, which is to be registered for NECS / Auto Debit. The cheque
should be dated on or before the date of submission of the Application
Form.
During the NFO, the AMC would not accept SIP with post-dated
cheques.
For features of SIP refer section Special Products under Ongoing
Offer.
II. INTER-SCHEME SWITCHING OPTION
The Mutual Fund provides the investors the flexibility to switch their
investments (subject to provisions as regards minimum application amount
referred above) from any other scheme(s)/plans managed by Mutual Fund,
as per the features of the respective scheme to this scheme during the New
Fund Offer period.
This Option will be useful to Unit holders who wish to alter the allocation of
their investment among scheme(s) / plan(s) of the Mutual Fund (subject to
completion of lock-in period, if any, of the units of the scheme(s) from where
the units are being switched) in order to meet their changed investment
needs. The Switch will be effected by way of a Redemption of Units from
the Scheme / Plan and investment of the proceeds in the Scheme and
accordingly, to be effective, the Switch must comply with the Redemption
rules of the Scheme and the issue rules of the Scheme (for e.g. as to the
minimum number of Units that may be redeemed or issued, Exit Load etc).
The price at which the Units will be Switched out of the respective Plans
will be based on the Redemption Price, and the proceeds will be invested
in the Scheme / plan at the Offer price for units in the scheme.
III. SUBSCRIPTION THROUGH STOCK EXCHANGE PLATFORM FOR
MUTUAL FUNDS:
Units of the scheme shall be available for subscription / purchase through
stock exchange platform(s) made available by NSE and/or BSE during NFO
i.e. Mutual Fund Service System (MFSS) of NSE and/or Bombay Stock
Exchange Platform for Allotment and Redemption of Mutual Fund units (BSE
StAR MF) of BSE. Under this facility, trading member can facilitate eligible
investors (i.e. Resident Individuals, HUF, resident minors represented by
guardian and Body corporate or such other class of eligible investors as may
be qualified as per the guidelines issued by relevant stock exchange) to
purchase / subscribe to units of the scheme using their existing network and
order collection mechanism as provided by respective stock exchange.
Further, Investors can directly access infrastructure of the recognised stock
exchanges to purchase and redeem mutual fund units directly from Mutual
Fund/ Asset Management Companies.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 54
Investors availing of this facility shall be allotted units in accordance with the
SEBI guidelines issued from time to time and the records of the Depository
Participant shall be considered as final for such unitholders. The transactions
carried out on the above platform shall be subject to such guidelines as may
be issued by the respective stock exchanges and also SEBI (Mutual Funds)
Regulations, 1996 and circulars / guidelines issued thereunder from time to
time.
IV. TRANSACTION THROUGH MF UTILITY
MF Utility (“MFU”) - a shared services initiative of various Asset
Management Companies, which acts as a transaction aggregation portal
for transacting in multiple Schemes of various Mutual Funds with a single
form and a single payment instrument.
Aditya Birla Sun Life AMC Limited, has entered into arrangement with MF
Utilities India Private Limited (MFUI), a “Category II - Registrar to an Issue”
under SEBI (Registrars to an Issue and Share Transfer Agents)
Regulations, 1993 to facilitate financial transactions viz. purchase /
subscription and redemption / repurchase of units of the scheme and non-
financial transactions.
Accordingly, all financial and non-financial transactions for the Scheme can
be done through MFU either electronically on www.mfuonline.com as and
when such a facility is made available by MFUI or physically through the
authorized Points of Service (“POS”) of MFUI with effect from the
respective dates as published on MFUI website against the POS locations.
Investors can refer the list of POS of MFUI available on the website of MFUI
at www.mfuindia.com as may be updated from time to time. The Online
Transaction Portal of MFU i.e. www.mfuonline.com and the POS locations
of MFUI will be in addition to the existing Official Points of Acceptance
(“OPA”) of the ABSLAMC.
The uniform cut-off time as mentioned in the Scheme Information
Document(s)/Key Information Memorandum(s) of the scheme shall be
applicable for applications received on the portal of MFUI i.e.
www.mfuonline.com. However, investors should note that transactions on
the MFUI portal shall be subject to the eligibility of the investors, terms &
conditions as stipulated by MFUI/Mutual Fund/the AMC from time to time
and any law for the time being in force.
MFUI will allot a Common Account Number (“CAN”), a single reference
number for all investments across all the Mutual Funds, for transacting in
multiple Schemes of various Mutual Funds through MFU and to map
existing folios, if any. Investors can create a CAN by submitting the CAN
Registration Form (CRF) and necessary documents at the MFUI POS. The
AMC and/or its Registrar and Transfer Agent (RTA) i.e Computer Age
Management Services Limited (CAMS) shall provide necessary details to
MFUI as may be needed for providing the required services to investors/
distributors through MFU. Investors are requested to visit the websites of
MFUI at www.mfuindia.com or the AMC at
www.mutualfund.adityabirlacapital.com to download the relevant forms.
For facilitating transactions through MFU, Aditya Birla Sun Life Mutual
Fund (Fund)/AMC may require to submit and disclose information/details
about the investor(s) with MFUI and/or its authorised service providers.
Investors transacting through MFU shall be deemed and consented and
authorised the Fund/AMC to furnish and disclose all such information to
MFUI and/its authorised service providers as may be required by MFUI
from time to time.
For any queries or clarifications related to MFU, investors are requested to
contact the Customer Care of MFUI on 1800-266-1415 (during the
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 55
business hours on all days except Sunday and Public Holidays) or send an
email to clientserv[email protected].
Unclaimed Redemption /
IDCW Amount
The unclaimed redemption amount and IDCW amounts may be deployed
by the Mutual Fund in call money market or money market instruments or
a separate plan of only Overnight scheme/Liquid scheme/ Money Market
Mutual Fund scheme floated by Mutual Funds specifically for deployment
of the unclaimed amounts. Provided that such schemes where the
unclaimed redemption and IDCW amounts are deployed shall be only
those Overnight scheme/ Liquid scheme / Money Market Mutual Fund
schemes which are placed in A-1 cell (Relatively Low Interest Rate Risk
and Relatively Low Credit Risk) of Potential Risk Class matrix as per para
17.5 of SEBI Master Circular on Mutual Funds dated May 19, 2023. No exit
load shall be charged on these plans and Total Expense Ratio (TER) of
such plan shall be capped as per the TER of direct plan of such scheme or
at 50bps whichever is lower. The investors who claim the unclaimed
amounts during a period of three years from the due date shall be paid
initial unclaimed amount along-with the income earned on its deployment.
Investors who claim these amounts after 3 years, shall be paid initial
unclaimed amount along-with the income earned on its deployment till the
end of the third year. After the third year, the income earned on such
unclaimed amounts shall be used for the purpose of investor education.
Please refer to SAI for further details.
The policy regarding reissue
of repurchased units,
including the maximum
extent, the manner of
reissue, the entity (the
scheme or the AMC)
involved in the same.
The Units can be repurchased/redeemed (i.e., sold back to the Fund) or
Switched-out on every business day, at the Applicable NAV subject to
payment of exit load, if any. The Units so repurchased shall not be
reissued.
Restrictions, if any, on the
right to freely retain or
dispose of units being
offered.
The Units of the Scheme held in electronic (demat) mode) are transferable.
The Mutual Fund at its sole discretion reserves the right to suspend sale and
switching of Units in the Scheme temporarily or indefinitely when any of the
following conditions exist. However, the suspension of sale and switching of
Units either temporarily or indefinitely will be with the approval of the Trustee.
1. When one or more stock exchanges or markets, which provide basis for
valuation for a substantial portion of the assets of the Scheme are closed
otherwise than for ordinary holidays.
2. When, as a result of political, economic or monetary events or any
circumstances outside the control of the Trustee and the AMC, the
disposal of the assets of the Scheme are not reasonable, or would not
reasonably be practicable without being detrimental to the interests of
the Unit holders.
3. In the event of breakdown in the means of communication used for the
valuation of investments of the Scheme, without which the value of the
securities of the Scheme cannot be accurately calculated.
4. During periods of extreme volatility of markets, which in the opinion of
the AMC are prejudicial to the interests of the Unit holders of the
Scheme.
5. In case of natural calamities, strikes, riots and bandhs.
6. In the event of any force majeure or disaster that affects the normal
functioning of the AMC or the ISC.
7. If so directed by SEBI.
The AMC reserves the right in its sole discretion to withdraw the facility of
Sale and Switching option of Units into and out of the Scheme [including
any one Plan/Option of the Scheme], temporarily or indefinitely, if AMC
views that changing the size of the corpus further may prove detrimental to
the existing Unit holders of the Scheme.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 56
Right to Limit Redemptions
a) Liquidity issues - When markets at large becomes illiquid affecting
almost all securities rather than any issuer specific security.
b) Market failures, exchange closures - When markets are affected by
unexpected events which impact the functioning of exchanges or the
regular course of transactions. Such unexpected events could also be
related to political, economic, military, monetary or other emergencies.
c) Operational issues - When exceptional circumstances are caused by
force majeure, unpredictable operational problems and technical failures
(e.g. a black out).
Under the aforesaid circumstances, ABSLAMC / Trustee may restrict
redemption for a specified period of time not exceeding 10 working days in
any 90 days period.
For redemption requests placed during the restriction period the following
provisions will be applicable:
(i) For redemption requests upto Rs. 2 lakhs the above-mentioned
restriction will not be applicable and
(ii) Where redemption requests are above Rs. 2 lakhs, AMCs shall
redeem the first Rs. 2 lakhs without such restriction and remaining part
over and above Rs. 2 lakhs shall be subject to such restriction.
ABSLAMC / Trustee reserves the right to change / modify the provisions of
right to limit Redemption / switch-out of units of the Scheme(s) pursuant to
direction/ approval of SEBI.
B. ONGOING OFFER DETAILS
Ongoing Offer Period
This is the date from which
the scheme will reopen for
subscriptions / redemptions
after the closure of the NFO
period
Within 5 (five) business days from the date of allotment
Ongoing Price for
subscription (purchase) /
switch-in (from other
schemes / plans of the
Mutual Fund) by investors
This is the price you need to
pay for purchase/switch-in.
At Applicable NAV.
Ongoing Price for
redemption (sale) / switch
outs (to other schemes /
plans of the Mutual Fund)
by investors.
This is the price you will
receive for
redemptions/switch outs.
At Applicable NAV, subject to prevailing exit load, if any.
For example, if the Applicable NAV of the Scheme is Rs.10/- and the Exit
Load is 2%, then the Redemption Price will be calculated as follows:
Redemption Price = Rs. 10* (1-2%) i.e. Rs. 10*0.98 = Rs. 9.80/-
Redemption amount of 1,000 Units = 1,000*9.80 = Rs.9,800 (subject to
applicable taxes)
Cut off timing for
subscriptions/
redemptions/ switches.
(This is the time before which
your application (complete in
all respects) should reach the
official points of acceptance).
In accordance with provisions of para 8.4 of SEBI Master Circular on
Mutual Funds dated May 19, 2023, and further amendments if any, thereto,
the following cut-off timings shall be observed by Mutual Fund in respect
of purchase/ redemption/ switches of units of the scheme, and the following
NAVs shall be applied in each case:
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 57
I. APPLICABLE NAV FOR SUBSCRIPTIONS/PURCHASE INCLUDING
SWITCH-IN OF ANY AMOUNT:
• In respect of valid applications received upto 3.00 p.m. and where funds
for the entire amount are available for utilization before the cut-off time
i.e. credited to the bank account of the scheme before the cut-off time
- the closing NAV of the day shall be applicable.
• In respect of valid applications received aſter 3.00 p.m. and where the
funds for the entire amount are credited to the bank account of the
scheme before the cut-off time of the next business day i.e. available
for utilization before the cut-off time of the next business day – the
closing NAV of the next business day shall be applicable.
• Irrespective of the time of receipt of application on any given day, where
the funds for the entire amount are credited to the bank account of the
scheme before the cut-off time on any subsequent business day i.e.
available for utilization before the cut-off time on any subsequent
business day - the closing NAV of such subsequent business day shall
be applicable.
• In case of switch transactions from one scheme to another, the
allocation to switch-in scheme shall be in line with the redemption
payouts.
Further, for systematic transactions viz. Systematic Investment Plans,
Systematic Transfer Plans, etc., units will be allotted as per the closing
NAV of the day when funds are available for utilization by the target
scheme, irrespective of the systematic instalment date.
II. APPLICABLE NAV FOR REDEMPTIONS INCLUDING SWITCH-OUT
OF UNITS:
• In respect of valid applications received upto 3.00 p.m. by the Mutual
Fund, same day’s closing NAV shall be applicable.
• In respect of valid applications received after 3.00 p.m. by the Mutual
Fund, the closing NAV of the next business day shall be applicable.
While the Applicable NAV shall be as per cut-off time specified above, the
NAV shall be declared in accordance with the provisions as mentioned in
this Scheme Information Document.
Where can the applications
for purchase / redemption
/switches be submitted
Registrar & Transfer Agents -
Computer Age Management Services Limited (CAMS)
Rayala Towers, 158, Anna Salai, Chennai - 600002.
Contact Details: 1800-425-2267,
E-mail.com: adityabirlacapital.mf@camsonline.com
Website Address: www.camsonline.com
The application forms can also be submitted at the designated offices/ ISCs
of Aditya Birla Sun Life Mutual Fund as mentioned in this SID.
Minimum amount for
purchase /redemption /
switch
For Fresh Purchase (Including Switch-in): Minimum of Rs. 500/- and in
multiples of Re 1/- thereafter
For Additional Purchase (Including Switch-in): Minimum of Rs.
500/- and in multiples of Re 1/- thereafter.
Subscriptions on an ongoing basis can be made only by specifying the
amount to be invested and not the number of Units to be subscribed. The
total number of Units allotted will be determined with reference to the
applicable Sale Price and fractional Units may be created. Fractional Units
will be computed and accounted for upto three decimal places and they will
in no way affect an investor's ability to redeem Units.
For Redemption / Repurchase for all Plans/Options: In Multiples of Re.
1/- or 0.001 units.
The Redemption would be permitted to the extent of clear credit balance
in the Unit holder’s account. The Redemption request can be made by
specifying the rupee amount or by specifying the number of Units to be
redeemed. If a Redemption request is for both, a specified rupee amount
and a specified number of Units, the specified number of Units will be
considered the definitive request. If only the Redemption amount is
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 58
specified by the Unit holder, the AMC will divide the Redemption amount
so specified by the Redemption Price to arrive at the number of Units. The
request for Redemption of Units could also be in fractions, upto three
decimal places. However, in case of units held in electronic (demat) mode,
the redemption request can be given only in number of Units. Also Switch
transactions are currently not available in case of units held in electronic
(demat) mode. For further details on Redemption, please refer page 78.
Minimum balance to be
maintained and
consequences of non-
maintenance
NIL
Special Products Available
The following facilities are
currently available to
unitholders of Aditya Birla
Sun Life Mutual Fund
Schemes.
The AMC reserves the right
to modify/amend any of the
terms and conditions of these
facilities on a prospective
basis.
I. SYSTEMATIC INVESTMENT PLAN (SIP)
SIP allows investors to invest money in scheme of Aditya Birla Sun Life
Mutual Fund on a regular basis. Applicants can avail of SIP facility by filling
up the relevant application form available at branch offices / ISC / OPTs.
Given below are the salient features of SIP:
1. Investors have the option of:
i. Monthly Systematic Investment Plan and
ii. Weekly Systematic Investment Plan
Monthly Systematic
Investment Plan
Weekly Systematic
Investment Plan
Minimum
Application
Amount
Minimum 6 installments
(including the first
installment) of Rs. 500/-
each and above per month
Minimum 6 installments
(including the first
installment) of Rs. 500/-
each and above
Investment
Dates
1. Investment can be of the
following:
a. Any date from 1
st
to 28
th
of a month^
b. Investors can also opt for
multiple dates within a
month. Investors may
choose maximum upto 4
dates from Any date from
1
st
to 28
th
of a month
Monday to Friday of every
week. In case of a non-
Business Day, SIP would
be executed on next
Business Day.
Default date:
If the investment frequency
is not selected or in case of
any ambiguity, the SIP date
will be 7th of each month
under Monthly SIP. In case
where more than 4 dates are
specified, default dates will
be 7th, 15th, 20th & 28th of
each month. Further, in case
the End date mentioned by
the investor, falls beyond the
date mentioned in Mandate
form, then SIP shall be
registered as per date
mentioned on mandate. In
case SIP “end Month/Year”
is incorrect or not mentioned
by the investor then the
same would be considered
as 30 years from the SIP
start date by default.
In case none of the
frequencies have been
selected or in case of any
ambiguity, Monthly
frequency shall be treated
as Default frequency and
7
th
shall be treated as
Default Date.
If the day for Weekly SIP
is not selected or in case
of any ambiguity,
Wednesday shall be
treated as a Default day.
Further, in case the End
date mentioned by the
investor, falls beyond the
date mentioned in
Mandate form, then SIP
shall be registered as per
date mentioned on
mandate. In case SIP
“end Month/Year” is
incorrect or not
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 59
mentioned by the investor
then the same would be
considered as 30 years
from the SIP start date by
default.
^In case, the SIP transaction date is a non-business day, the SIP will be
processed on the immediate next business day. Further, in case the date
is not indicated for the aforesaid facility, 7th of every month will be treated
as the default date.
2. Minimum Application Amount: Minimum 6 installments (including the
first installment) of Rs 500/- each and above per month.
The first SIP cheque may be accepted on any working day of the month.
The balance SIP cheques must be uniformly dated for every month.
3. Initial / First SIP investment amount can be different from the
subsequent SIP amounts but subsequent SIP amounts should be the
same and further, the initial / first / subsequent SIP investment
amount(s) must confirm to the minimum SIP amount criteria as
specified above.
4. Fast Forward Facility: Investors can opt for multiple dates within a
month in case of monthly SIP. Investors may choose maximum upto 4
dates from the following dates: 1st and/or 7th and/ or 10th and/or 14th
and/or 20th and/or 21st and/or 28th of every month.
5. STEP-UP SIP:
'Step-Up SIP', is an optional, add-on feature, and an enhancement to
Systematic Investment Plan (SIP) facility available under the scheme.
This feature enables the investors to enhance/increase SIP installment
at pre-defined intervals by a fixed amount, thus, providing the investors
a simplified method of aligning SIP installments amounts with increase
in earnings over the tenure of SIP.
The terms and conditions for availing the 'Step-Up SIP' shall be as
follows:
1. Option for Frequency for Step-Up SIP:
a. Half Yearly Step-Up SIP: Under this option, the amount of
investment through SIP installment shall be increased by amount
chosen / designated by Investor post every 6th (sixth) SIP
installment.
b. Yearly Step-Up SIP: Under this option, the amount of investment
through SIP installment shall be increased by amount chosen /
designated by Investor post every 12th (twelfth) SIP installment.
2. Minimum Step-Up SIP Amount: Rs. 500 and in multiples of Rs. 500
thereafter
3. Default Step-Up SIP Frequency and amount: In case the investor
fails to specify any frequency or amount for Step-Up SIP, the same
shall be deemed as Yearly Step-Up SIP and Rs. 500 respectively and
the application form shall be processed accordingly. In case the
investor fails to specify both, i.e. the frequency for Step-Up SIP and
amount for Step-Up SIP, the application form may be processed as
conventional SIP, subject to it being complete in all other aspects.
4. Maximum Tenure for Step-Up SIP: 10 year (i.e. Investors may chose
/ have tenure of more than 10 years under SIP, however, in such
cases, feature of Step-Up SIP shall be considered and processed for
a maximum of 10 years only.)
5. Step-Up SIP shall be available for SIP Investments through NECS
/ Direct Debit Facility only. Step-Up SIP shall not be available under
Fast Forward SIP facility.
To Illustrate: The calculation and advantages of Step-Up SIP:
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 60
Conventional SIP
Step-Up SIP
• Fixed SIP Installment
amount: Rs. 1,000/-
• SIP Period: 3 years (i.e. 36
installments)
• SIP date: 1
st
of every month
By providing/choosing the following
additional details, an investor can opt
for Step-Up SIP:
Example:
• Step-Up SIP Amount: Rs. 500/-
• Step-Up SIP Frequency: Every 6
months
The impact on the total invested value under both cases can be as
explained below:
SIP Tenure
Total Invested Value (in Rs.)
Conventional SIP
Step-Up SIP
First 6 installments
6,000
6,000
Next 6 Installments
6,000
9,000
Next 6 Installments
6,000
12,000
Next 6 Installments
6,000
15,000
Next 6 Installments
6,000
18,000
Next 6 Installments
6,000
21,000
Total Amount Invested after
3 years
36,000
81,000
The above investment simulation is purely for illustrative purposes only and
shall not be deemed as guarantee/promise of minimum returns or to depict
performance of any mutual fund scheme.
6. The AMC reserves the right to discontinue the SIP in case of cheque
return and debit the cheque return charges to the investor's account.
SIP registration will be discontinued in the following cases: (1) Where 3
(three) consecutive SIP installments are not honored or (2) In case of
Fast Forward Facility, 3 (three) sequential SIP installments are not
honored.
7. On an ongoing basis, the AMC would accept SIP with post-dated
cheques as well NECS / Auto Debit. However, the investor is required
to provide a cheque* for the first SIP transaction drawn on the same
bank account which is to be registered for NECS /Auto Debit. The
cheque should be dated on or before the date of submission of the
Application Form. SIP form should be submitted atleast 21 days before
the first Debit through NECS/Auto Debit. Units will be allotted at the
Applicable NAV on the applicable dates (or the immediately next
business day, in case the date happens to fall on non-business day)
subject to realization of proceeds.
*Note: Investors can also start a SIP without any initial Investment. For
availing this feature, investors need to submit the application form atleast
21 days before the first Debit date. Further, in case investor is desirous of
registering SIP without initial/first SIP investment, investor must attach an
original copy of cancelled cheque of the bank account to be registered for
NECS/Auto Debit.
Micro SIP:
1. As per AMFI notification and Guidelines issued on July 14, 2009, SIPs
without life insurance cover or lumpsum by eligible investors where
aggregate (under all schemes of Mutual Fund) in a rolling 12month
period or in a financial year i.e. April to March does not exceed Rs.
50,000 (known as "Micro SIP") shall be exempted from the requirement
of PAN.
2. This exemption of PAN requirement is only available to individuals
(including Joint Holders, NRIs but not PIOs), Minors and Sole
proprietary firms who do not possess PAN*. HUFs and other categories
will not be eligible for this exemption.
*In case of joint holders, first holder must not possess a PAN.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 61
3. Please note that for availing Micro SIP, investor have to submit KYC/
KRA acknowledgement / confirmation quoting PAN Exempt KYC
Reference No. (PEKRN) obtained from KYC Registration Agency
(KRA) along with the application form for such investments. Eligible
investors must hold only one PEKRN.
4. Please note that investors holding a valid Permanent Account Number
(PAN) issued by Income Tax Department are mandatorily required to
be KYC compliant and submit the KYC/KRA acknowledgement.
5. Additional Micro SIP in same folio: For Subsequent Micro SIP
applications, investors can quote the existing folio number where a
Micro SIP has been registered and need not resubmit the supporting
document.
6. In case of any deficiencies in the supporting documents or in case of the
aggregate of SIP and investments exceeding Micro SIP threshold, the
Mutual Fund reserves the right to reject the applications.
In case the first Micro SIP installment is processed, and the application is
found to be defective, the Micro SIP registration will be ceased for future
installments. No refund shall be made for the units already allotted and the
investors may redeem their investments.
SIP Pause Facility
As per this Facility the investors will have an option to pause their SIP
investment for specified number of instalments and SIP would restart
from the immediate month after completion of the pause period specified
by the investor.
The terms & conditions for availing the Pause Facility are as follows:
• The Facility is only available for SIP registered with Monthly frequency;
• Notice of pause should be submitted at least 10 business days prior
to the subsequent SIP date;
• There is no restriction on the number of installments for which an
investor can avail the Facility till the end of existing SIP Tenure.
However, on our Digital Platform viz., website and Mobile Application
of the Fund, the Facility will be available for a maximum period of 12
installments consecutively.
• Pause facility is allowed only for ECS/NACH.
• The Facility can be availed by submitting a physical request or through
digital mode.
Investors are requested to note that Pause facility will not be available in
Century SIP*, Step -Up SIP and Sampoorna SIP.
*Century SIP facility is discontinued.
Reinstatement of SIP Pause:
As per this facility, investors can reinstate their paused SIP at any time
by submitting a written request through physical mode 10 business days
prior to the immediate next SIP date. For requests received at shorter
notice i.e., less than 10 business days from SIP due date, SIP will be re-
instated from the subsequent installment.
The AMC reserves the right to modify/amend any of the terms and
conditions of this facility on a prospective basis.
Investors are requested to read all the terms and conditions of SIP Pause
facility and Reinstatement of SIP Pause mentioned in the SIP application
form available on the website www.mutualfund.adityabirlacapital.com to
have a better and complete understanding of the Facility.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 62
II. SYSTEMATIC TRANSFER PLAN:
STP allows the Investors to invest by transfer of a fixed amount from any
of the following schemes to any open ended scheme of Aditya Birla Sun
Life Mutual Fund. Since the amount is fixed, the investor gets the benefit
of Rupee Cost Averaging. Further, the Investors have an option of Daily
Systematic Transfer Plan (Daily STP) in addition to Weekly Systematic
Transfer Plan, Monthly Systematic Transfer Plan and Quarterly Systematic
Transfer Plan. This facility of Daily STP shall enable the Unitholders to
transfer a fixed amount from their existing investments in the Scheme of
Mutual Fund at daily intervals (business days) through a onetime request
to other eligible existing schemes.
For Weekly, Monthly and Quarterly STP, Investors can transfer "OUT"
investment from the Scheme and transfer "IN" to any of the Open-ended
Scheme offered by Aditya Birla Sun Life Mutual Fund (except Aditya Birla
Sun Life Nifty 50 Index Fund, ETFs of Aditya Birla Sun Life Mutual Fund
and subject to completion of lock-in period of units in Aditya Birla Sun Life
ELSS Tax Saver Fund, Aditya Birla Sun Life Bal Bhavishya Yojna and
Aditya Birla Sun Life Retirement Fund at the time of registration) of Aditya
Birla Sun Life Mutual Fund.
However, for Daily STP, Investors can transfer "OUT" investment from the
Scheme and transfer "IN" to all the Open-ended Scheme(s) of the Fund
(except ETFs of Aditya Birla Sun Life Mutual Fund and Investors who have
opted for Daily IDCW Option under the Schemes of the Fund).
1. Investors have the option of:
i. Daily Systematic Transfer Plan
ii. Weekly Systematic Transfer Plan
iii. Monthly Systematic Transfer Plan
iv. Quarterly Systematic Transfer Plan
2. Minimum Balance in the scheme at the time of enrollment for STP
facility.
i. Daily Systematic Transfer Plan: Minimum balance in the scheme at
the time of enrollment should be Rs. 10,000/-
ii. Weekly Systematic Transfer Plan: Minimum balance in the scheme
at the time of enrollment should be Rs. 6000
iii. Monthly Systematic Transfer Plan: Minimum balance in the scheme
at the time of enrollment should be Rs. 6000
iv. Quarterly Systematic Transfer Plan: Minimum balance in the
scheme at the time of enrollment should be Rs. 8000
3. Minimum Transfer Amount
i. Daily Systematic transfer Plan: Investors are required to instruct for
minimum of 20 transfers of Rs. 500/- and in multiples of Rs. 100 /-
thereafter.
There will be no maximum number of transfers/duration for Daily
STP enrolment. In case, the investor fails to specify the number of
transfers/duration under Daily STP, transfers shall continue to be
triggered perpetually or until further valid instructions from the
investor or until the outstanding balance in "Out" scheme does not
cover the Daily STP transfer amount, whichever is earlier.
ii. Weekly/Monthly/Quarterly Systematic Transfer Plan:
For STP installments greater than Rs. 500 but less than Rs. 999:
Investors are required to instruct for minimum 12 transfers of Rs.500
and in multiples of Re. 1 thereafter.
For STP installments of Rs. 1000 and above: Investors are
required to instruct for minimum 6 transfers of Rs. 1000 and in
multiples of Re. 1 thereafter.
The minimum amount for fresh/ additional purchases as per subscription
rules of "In" scheme shall not be applicable to STP triggers.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 63
4. Transfer dates:
i. Daily Systematic Transfer Plan: In case of Daily STP, the
commencement date for transfers shall be the 15th day (or the next
business day, if that day is a non-business day) from the date of
receipt of a valid request. Thereafter, transfers shall be effected on
all business days at NAV based prices, subject to applicable load, if
any. Thus, in the event of an intervening non-business day STP
triggers will take place to the next business day and accordingly the
end date to trigger all installment mentioned by the investor shall be
extended i.e., For e.g. if the investor has opted for 100 installments
and if 3 non-business days happen to occur in the intervening
period, then STPs will be triggered for all the 100 installments.
ii. Weekly Systematic Transfer Plan: Transfers shall be on following
dates: 1st and 7th and 14th and 21st and 28th of each month
iii. Monthly Systematic Transfer Plan: Transfer can be of following
dates: 1st or 7th or 10th or 14th or 20th or 21st or 28th of each
month for minimum 6 transfers.
Fast Forward Facility: Investors availing Monthly STP facility can opt
for multiple dates, maximum upto any four dates within a month and
in this case the dates can be dated 1st and / or 7th and / or 10th
and/or 14th and/or 20th and/ or 21st and/ or 28th of each month.
iv. Quarterly Systematic Transfer Plan: Transfer can be of following
dates: 1st or 7th or 10th or 14th or 20th or 21st or 28th of each
quarter for minimum 4 transfers.
(Default date: If the transfer frequency is not selected or in case of any
ambiguity, the STP date will be 7th of each month/ quarter. In case
where more than 4 dates are specified, default dates will be 7th, 14th,
21st & 28th of each month.)
5. In case of insufficient balance, the transfer will not be effected.
Value Systematic Transfer Plan (Value STP):
Value Systematic Transfer Plan, is a facility (hereinafter referred as 'Value
STP') wherein Unit holder(s) of eligible open-ended Scheme(s) of Aditya
Birla Sun Life Mutual Fund [hereinafter referred to as “Fund”] can opt to
systematically transfer amount(s), which may vary based on the value of
investments already made/transferred under this facility, on the date of
transfer at pre-determined intervals from open-ended Scheme(s) of the
Fund [hereinafter referred to as “Transferor Scheme”] to the Growth Option
of open-ended equity Scheme(s) of the Fund [hereinafter referred to as
“Transferee Scheme”].
The key features of Value STP are mentioned below:
a. In Value STP (as per the Frequency opted by the Unitholder i.e.
Monthly or Quarterly) Unitholders will be eligible to transfer fixed
amount per installment OR the amount as determined by the following
formula whichever is higher:
[(First installment amount) X (Number of installments including the
current installment)] less (Market Value of the investments through
Value STP in the Transferee Scheme on the date of transfer).
If the amount of transfer as calculated by the above formula is less than
Rs. 500, then the default amount of Rs. 500 will be transferred to the
Transferee Scheme on the trigger date.
However, in case of redemption or switch-out of Units allotted under
Value STP in the Transferee Scheme, the balance instalments under
Value STP will be processed for the fixed instalment amount only as
specified by the Unitholder at the time of enrolment.
On the date of transfer, if the market value of the investments in the
Transferee Scheme through Value STP is higher than the Investment
Value for that period [(first installment amount) X (number of
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 64
installments; including the current installment)], then there would be no
STP on that trigger date effected from the Transferor Scheme.
b. The first instalment under Value STP will be processed for the fixed
instalment amount mentioned by the Unitholder at the time of
enrolment.
From the second instalment onwards, the amount to be transferred
shall be computed as per formula stated in (a) above.
c. The minimum number of installments and amount for enrollment to
avail Value STP are as below:
Frequency
Trigger
Dates
Minimum Value STP
amount (Rs.)
Monthly
1st, 7th, 10th,
14th, 20th, 21st,
28
th
For STP installments greater
than Rs. 500 but less than Rs.
999, Unitholders are required to
instruct for minimum 12 transfers
of Rs. 500 and in multiples of Re.
1 thereafter.
For STP installments of Rs. 1000
and above, Unitholders are
required to instruct for minimum
6 transfers of Rs. 1000 and in
multiples of Re. 1 thereafter.
Quarterly
d. The maximum amount of transfer under Value STP would be limited to
twice the amount per instalment mentioned in the application form at
the time of enrolment.
e. In case none of the frequencies have been selected or in case of any
ambiguity, Monthly frequency shall be treated as the default
Frequency. If STP date is not specified or in case of any ambiguity then
7th Business Day of the month will be treated as default date.
f. In case the date of transfer falls on a Non-Business Day, the immediate
next Business Day will be considered for the purpose of determining
the applicability of NAV.
g. In case of valid enrolment forms received, indicating choice of option
other than the Growth Option in the Transferee Scheme, it will be
deemed as the Growth Option in Transferee Scheme and processed
accordingly.
h. A Single Value STP Enrolment Form can be filled for transfer into only
one Scheme/Plan/Option.
i. Unitholder has the right to discontinue Value STP at any time he/she
so desires by sending a written request at least 7 (seven) days in
advance to any of the offices of the Fund or its Authorised Collection
Centres.
j. Value STP will be terminated/not processed under the following
circumstances: (i) On marking of lien or pledge of Units in the
Transferor Scheme (ii) On receipt of intimation of death of the
Unitholder.
A. Capital Appreciation Transfer Plan (CATP):
Capital Appreciation Transfer Plan (CATP) is a facility wherein the
Unitholders can opt for the Systematic Transfer Plan by providing
instruction to transfer capital appreciation at regular intervals - Monthly or
Quarterly under the open-ended Scheme(s) of the Fund (except ETFs of
Aditya Birla Sun Life Mutual Fund).
The capital appreciation, if any, will be calculated from the registration date
of the CATP under the folio, till the first trigger date. Subsequent capital
appreciation, if any, will be the capital appreciation between the previous
CATP date (where CATP has been successfully processed and paid) and
the immediate next CATP date.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 65
The key features of CATP are mentioned below:
a. CATP is offered at Monthly and Quarterly intervals. In case none of the
frequencies have been selected or in case of any ambiguity, Monthly
frequency shall be treated as the default Frequency. If STP date is not
specified or in case of any ambiguity then 7th Business Day of the
month will be treated as default date. In case the date of transfer falls
on a Non-Business Day, the immediate next Business Day will be
considered for the purpose of determining the applicability of NAV.
b. The minimum amount required to trigger instalment under CATP is Re.
1 and in multiples of Re. 1 thereafter.
c. A Single CATP Enrolment Form can be filled for transfer into only one
Scheme/Plan/Option.
d. Unitholder has the right to discontinue CATP at any time he/she so
desires by sending a written request at least 7 (seven) days in advance
to any of the offices of the Fund or its Authorised Collection Centres.
e. CATP will be terminated / not processed under the following
circumstances: (i) On marking of lien or pledge of Units in the
Transferor Scheme (ii) On receipt of intimation of death of the
Unitholder.
Aditya Birla Sun Life AMC Limited (ABSLAMC) reserves the right to
introduce/modify Value STP/CATP at any other frequencies or on any
other dates as the ABSLAMC may feel appropriate from time to time.
All other features currently applicable to Systematic Transfer Plan shall be
applicable to Value STP and CATP.
The Scheme will be available as a Target Scheme in Turbo Systematic
Transfer Plan ("Turbo STP") Facility.
III. SYSTEMATIC WITHDRAWAL PLAN (SWP)
Investors can fulfill their regular income needs by giving standing
instructions about the amount to be withdrawn every month or quarter/half
yearly/annual basis. Further a unitholder can withdraw a specified sum of
money on from the investments in the eligible open ended schemes of the
fund. While a fixed sum will be paid on request and the remaining part of
the investment will continue to earn returns.
SWP allows the investors an option to withdraw at regular intervals.
1. Investors have the option of:
i. Fixed Withdrawal
a. Daily frequency
b. Weekly frequency
c. Monthly frequency
d. Quarterly frequency
e. Half yearly frequency
f. Annual frequency
ii. Appreciation Withdrawal
Particulars
Fixed Withdrawal
Appreciation Withdrawal
Objective
Allows investors of the
Growth Plan to withdraw a
fixed amount at regular
intervals
Allows investors of Growth
Plan to withdraw the
appreciation amount at
regular intervals
Withdrawal
Amount
Investors can withdraw
fixed amount of Rs. 500/-
each and above at regular
intervals.
Investors can withdraw
appreciation of Rs. 500/-
and above at regular
intervals. If the appreciation
amount is less than Rs.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 66
500/- or the specified
amount there will be no
SWP in that month/quarter.
The cumulative appreciation
of this period and the
immediately succeeding
period shall be paid out
subject to it being a
minimum of Rs. 500/- or the
specified amount.
Daily and Weekly frequency under Fixed Withdrawal Option of SWP facility
allows the Unitholder to withdraw a specified sum of money on daily /
weekly basis on all business days from the investments in the eligible open
ended Schemes of the Fund.
The features of the Daily / Weekly/ Monthly/Quarterly/Half yearly and
Yearly frequency under Fixed Withdrawal Option under SWP facility
are stated below:
(a) Unitholders can withdraw minimum fixed amount of Rs. 500 and above
on daily/weekly basis. Withdrawal under Daily/Weekly SWP will be treated
as redemption and equivalent units will be redeemed at the Applicable NAV
subject to applicable exit load.
(b) Unitholders can avail Daily/Weekly SWP only where the registered
bank details enable an electronic mode of payment for the SWP amount.
(c) If the amount of withdrawal instalment is more than the amount
available in the account for redemption, the entire available amount will be
redeemed and Daily / Weekly SWP will terminate automatically.
(d) Weekly SWP dates - Monday to Friday of every week. In case of a non-
Business Day, SWP would be executed on next Business Day.
(e) If the day for Weekly SWP is not selected or in case of any ambiguity,
Wednesday shall be treated as a Default day.
(f) Unitholders can enroll themselves for the facility by submitting the duly
completed enrolment Form along with cancelled cheque copy to enable
electronic payout at the Investor Service Centres (ISCs)/Official Points of
Acceptance (OPAs).
(g) Unitholder has the right to discontinue/modify Daily SWP at any time
he/ she so desires by sending a written request at least 5 (five) days in
advance to any of the offices of the Fund or its Authorised Collection
Centres.
2. Withdrawal Frequency:
For Fixed Withdrawal Option Investors can withdraw fixed amount
on any date* between 1st to 28th of each month/quarter for minimum
6 months/ 4 quarter.
For Appreciation Withdrawal Option: Investors can withdraw
appreciation on the 1 of each month/quarter for minimum 6 months/ 4
quarter.
Default Dates: In case of any ambiguity in selection of withdrawal
frequency, the SWP date will be 7th of each month in case of Fixed
withdrawal facility.
*In case the chosen date falls on a Non-Business Day, the SWP will be
processed on the immediate next Business Day.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 67
3. This facility is not available for investments under lock-in period or
against which a lien is marked or for investments which are pledged.
4. In case of fixed withdrawals, if the amount of installment is more than
the amount available in that account for redemption, the entire
available amount will be redeemed and the SWP will terminate
automatically. In case of appreciation withdrawal, the appreciation will
be calculated on the units available for redemption at the time of SWP
installment. Investors opting for appreciation withdrawal in the event of
there being no appreciation in a particular month, no
withdrawal/payment will be effected in that month.
5. Withdrawal under SWP will be treated as redemption and equivalent
units will be Redeemed NAV related prices of dates selected between
1
st
to 28
th
of month/quarter (or next business day, if any date selected
between 1
st
to 28
th
is a non-business day).
6. AMC will endeavor to credit the redemptions payouts directly to the
designated Bank A/c of the unitholder through any of the available
electronic mode (i.e. RTGS / NEFT / Direct Credit). AMC reserves the
right to use any of the above mode of payment as deemed appropriate
for all folios where the required information is available. AMC/Mutual
Fund, however, reserves the right to issue a cheque / demand draft
inspite of an investor opting for Electronic Payout.
The investor has the right to discontinue/modify SWP at any time he/she
so desires by sending a written request at least 15 days in advance of the
immediate next due date to any of the offices of the Mutual Fund or its
Authorised Collection Centres.
IV. SWITCHING
(a) Inter - Scheme Switching option
Unit holders under the Scheme have the option to Switch part or all of
their Unit holdings in the Scheme to other schemes managed by the
Mutual Fund and vice versa, as per the features of the respective
scheme. This Option will be useful to Unit holders who wish to alter the
allocation of their investment among various scheme(s) / plan(s) of the
Mutual Fund (subject to completion of lock-in period, if any, of the units
of the scheme(s) from where the units are being switched) in order to
meet their changed investment needs. The Switch will be effected by
way of a Redemption of Units from the Scheme / Plan and a
reinvestment of the Redemption proceeds in the scheme / plan and
accordingly, to be effective, the Switch must comply with the
Redemption rules and the issue rules of the respective scheme (for
e.g. as to the minimum number of Units that may be redeemed or
issued, Exit Load, etc.). The price at which the Units will be Switched
out of the respective Scheme/ Plan will be based on the Redemption
Price, and the proceeds will be invested at the prevailing sale price for
units in that scheme / plan.
(b) Intra-Scheme Switching option:
Unit holders under the Scheme have the option to Switch their Unit
holdings from Growth option to IDCW option or vice-versa. No Exit
Load will be charged in respect of such Intra-Scheme Switching. The
switches would be done at the applicable NAV based prices and the
difference between the NAVs of the two options will be reflected in the
number of units allotted.
However, switch transactions are currently not available in case of units
held in electronic (demat) mode. To affect a switch, a Unit Holder must
provide clear instructions. Such instructions may be provided in writing or
by completing the transaction slip/form attached to the account statement.
The switch request can be made for an amount equivalent or higher than
the minimum application amount of the scheme into which the switch is
made. A Unit holder may request switch of a specified amount or a
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 68
specified number of Units only. If the Unit holder has specified both the
amount and the number of Units, switch-out of units will be carried out
based on the number of units specified by the Unit holder.
V. WEB BASED TRANSACTIONS
The Mutual Fund may allow subscriptions / Redemption of Units, during
the period when the ongoing subscription list is opened by the Trustees,
by electronic mode through the various websites with whom the AMC
would have an arrangement from time to time. Normally, the subscription
proceeds, when invested through this mode, are by way of direct credit to
the designated bank collection account of the Scheme. The Redemption
proceeds, (subject to deduction of tax at source, if any) through this mode,
are directly credited to the bank account of the Investors who have an
account at the designated banks with whom the AMC has made
arrangements from time to time. The intermediary will aggregate the data
and forward the same to the AMC / ISC for processing. These transactions
will be converted into a physical piece of instructions and date/time
stamped in accordance with the guidelines specified in para 8.4 of SEBI
Master Circular on Mutual Funds dated May 19, 2023. The Fund, the AMC,
the Trustee, alongwith its directors, employees and representatives shall
not be liable for any damages or injuries arising out of or in connection with
the use of the web-site or its non-use including non-availability or failure of
performance, loss or corruption of data, loss of or damage to property
(including profit and goodwill), work stoppage, computer failure or
malfunctioning or interruption of business; error, omission, interruption,
deletion, defect, delay in operation or transmission, computer virus,
communication line failure, unauthorised access or use of information. The
Fund may introduce a facility for distributors to transact on the web on
behalf of their clients, provided the client has authorised the distributors to
do so by executing a Power of Attorney in favour of the distributor for this
purpose. In such events, the Power of Attorney should be submitted to the
Fund. It shall be the responsibility of the distributor, to ensure that the
Power of Attorney is valid and subsisting to carry out the transaction.
VI. TRANSACTIONS THROUGH STOCK EXCHANGE PLATFORM
FOR MUTUAL FUNDS:
ABSLAMC, shall enter into arrangements with NSE and BSE to facilitate
purchase / subscription and redemption / repurchase of units of the
scheme on an ongoing basis at any time after the scheme reopens for
purchase and sale.
The transactions carried out on the above platform shall be subject to such
guidelines as may be issued by NSE/BSE and also SEBI (Mutual Funds)
Regulations, 1996 and circulars/guidelines issued thereunder from time to
time. For further details please refer SAI.
Accordingly, following guidelines shall be applicable for transactions
executed in open ended Schemes of the Fund through Mutual Fund
Distributors through the Stock Exchange Infrastructure:
(1) Mutual Fund Distributors registered with Association of Mutual Funds
in India (AMFI) and who has been permitted by the concerned
recognised stock exchange will be eligible to use "NMF II Online
Mutual Fund Platform" of National Stock Exchange of India Ltd.(‘NSE')
platform and / or "BSE StAR MF" platform of BSE Limited (Rs.BSE') to
purchase (including switches) and redeem units of schemes of the
Fund in physical (non-demat) mode and/or demat (electronic) mode.
(2) Mutual Fund Distributors will not handle payout/payin of funds as well
as units on behalf of investor. Pay in will be directly received by
recognized clearing corporation and payout will be directly made to
investor account. In the same manner, units shall be credited and
debited directly from the demat account of investors.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 69
(3) Incase of payment of redemption proceeds to the Clearing Corporation
by the Fund/ its Registrar, it shall be treated as valid discharge for the
Fund/ Aditya Birla Sun Life AMC Limited ("ABSLAMC") of its obligation
of payment of redemption proceeds to investor. Similarly, incase of
purchase of units crediting units into Clearing Corporation's Pool
account shall discharge the Fund/ABSLAMC of its obligation to allot
units to investor.
(4) The facility of transacting in mutual fund schemes through stock
exchange infrastructure is available subject to operating guidelines,
terms and conditions as may be prescribed by the recognised Stock
Exchanges from time to time.
VII. TRANSACTION THROUGH MF UTILITY
MF Utility ("MFU") - a shared services initiative of various Asset
Management Companies, which acts as a transaction aggregation portal
for transacting in multiple Schemes of various Mutual Funds with a single
form and a single payment instrument.
Aditya Birla Sun Life AMC Limited, has entered into arrangement with MF
Utilities India Private Limited (MFUI), a "Category II - Registrar to an Issue"
under SEBI (Registrars to an Issue and Share Transfer Agents)
Regulations, 1993 to facilitate financial transactions viz. purchase /
subscription and redemption / repurchase of units of the scheme and non-
financial transactions.
Accordingly, all financial and non-financial transactions for the Schemes
can be done through MFU either electronically on www.mfuonline.com as
and when such a facility is made available by MFUI or physically through
the authorized Points of Service ("POS") of MFUI with effect from the
respective dates as published on MFUI website against the POS locations.
Investors can refer the list of POS of MFUI available on the website of MFUI
at www.mfuindia.com as may be updated from time to time. The Online
Transaction Portal of MFU i.e. www.mfuonline.com and the POS locations
of MFUI will be in addition to the existing Official Points of Acceptance
("OPA") of the ABSLAMC.
The uniform cut-off time as mentioned in the Scheme Information
Document(s)/Key Information Memorandum(s) of the schemes shall be
applicable for applications received on the portal of MFUI i.e.
www.mfuonline.com. However, investors should note that transactions on
the MFUI portal shall be subject to the eligibility of the investors, terms &
conditions as stipulated by MFUI/Mutual Fund/the AMC from time to time
and any law for the time being in force.
MFUI will allot a Common Account Number ("CAN"), a single reference
number for all investments across all the Mutual Funds, for transacting in
multiple Schemes of various Mutual Funds through MFU and to map
existing folios, if any. Investors can create a CAN by submitting the CAN
Registration Form (CRF) and necessary documents at the MFUI POS. The
AMC and/or its Registrar and Transfer Agent (RTA) i.e. Computer Age
Management Services Limited (CAMS) shall provide necessary details to
MFUI as may be needed for providing the required services to investors/
distributors through MFU. Investors are requested to visit the websites of
MFUI at www.mfuindia.com or the AMC at
www.mutualfund.adityabirlacapital.com to download the relevant forms.
For facilitating transactions through MFU, Aditya Birla Sun Life Mutual Fund
(Fund)/ AMC may require to submit and disclose information/ details about
the investor(s) with MFUI and/or its authorised service providers. Investors
transacting through MFU shall be deemed and consented and authorised
the Fund/AMC to furnish and disclose all such information to MFUI and/its
authorised service providers as may be required by MFUI from time to time.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 70
For any queries or clarifications related to MFU, investors are requested to
contact the Customer Care of MFUI on 1800-266-1415 (during the business
hours on all days except Sunday and Public Holidays) or send an email to
clientservices@mfuindia.com.
Option to hold Units in
dematerialized (demat)
form
The Unitholders are given an Option to subscribe to/hold the units by way of
an Account Statement or in Dematerialized (‘Demat’) form.
Unitholders opting to hold the units in electronic (demat) form must provide
their Demat Account details in the specified section of the application form.
The Unit holder intending to hold the units in Demat form are required to have
a beneficiary account with a Depository Participant (DP) (registered with
NSDL / CDSL) and will be required to indicate in the application the DP's
name, DP ID Number and the beneficiary account number of the applicant
held with the DP at the time of subscribing to the units.
Applicants must ensure that the sequence of the names as mentioned in the
application form matches with that of the beneficiary account held with the
DP. Names, PAN details, KYC details etc. mentioned in the Application Form
will be verified against the Depository records.
In case the unit holders do not provide their Demat Account details or
provide incomplete details or the details do not match with the records
as per Depository(ies), units shall be allotted in physical (non-demat)
form, subject to it being complete in all other aspects. Unitholders who
have opted to hold and thereby allotted units in electronic (demat) form will
receive payment of redemption / IDCW proceeds into bank account linked to
their Demat account.
However, Special Products/ Facilities such as Systematic Transfer Plan,
Systematic Withdrawal Plan, Switching etc. offered by ABSLAMC/Mutual
Fund under the scheme shall be available for unitholders in case the units are
held/opted to be held in physical (non-demat) mode. Further, the Investors
also have an option to subscribe to / hold units in demat form through fresh
investment applications for SIP. Under SIP option, units will be allotted based
on the applicable NAV as per provisions of this SID and will be credited to
demat account of the investors on weekly basis (upon realisation of funds).
The allotment of units in demat form shall be subject in terms of the
guidelines/ procedural requirements as laid by the Depositories
(NSDL/CDSL) from time to time.
In case, the Unitholder desires to hold the Units in a Dematerialized
/Rematerialized form at a later date, the request for conversion of units held
in physical (non-demat) mode into electronic (demat) form or vice-versa
should be submitted alongwith a Demat/Remat Request Form to their
Depository Participant(s). Investors should ensure that the combination of
names in the account statement is the same as that in the demat account.
Accounts Statements
APPLICABLE TO INVESTORS WHO OPT TO HOLD UNITS IN
PHYSICAL (NON-DEMAT) MODE AND DO NOT HAVE DEMAT
ACCOUNT:
For normal transactions during ongoing sales and repurchase:
▪ On acceptance of the application for subscription, an allotment confirmation
specifying the number of units allotted to the investor shall be sent by way
of email and/or SMS’s to the investors’ registered email address and/or
mobile number not later than 5 (five) business days days from the date of
closure of the New Fund Offer Period or from the date of receipt of the
application.
▪ Thereafter, a Consolidated Account Statement (CAS) for each calendar
month to the Unitholder(s) in whose folio(s) transaction(s) has/have
taken place during the month, on or before fifteenth day of the
succeeding month shall be sent by e-mail/mail. CAS shall contain
details relating to all the transactions** carried out by the investor,
including details of transaction charges paid to the distributor, if any,
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 71
across all schemes of all mutual funds, during the month and holding at
the end of the month.
**The word 'transaction' shall include purchase, redemption, switch, payout of
IDCW, reinvestment of IDCW, Systematic Investment Plan, Systematic
Withdrawal Plan, Systematic Transfer Plan and bonus transactions.
▪ In case of specific request is received from investors, account statement
shall be issued to the investors within 5 (five) business days from the
receipt of such request without any charges. The unitholder may
request for a physical account statement by writing/calling the
AMC/ISC/R&T.
▪ In the event the account has more than one registered holder, the first
named Unitholder shall receive the CAS/account statement.
▪ The transactions viz. purchase, redemption, switch, payout of IDCW,
etc., carried out by the Unitholders shall be reflected in the CAS on the
basis of Permanent Account Number (PAN).
▪ The CAS shall not be received by the Unitholders for the folio(s) not
updated with PAN details. The Unitholders are therefore requested to
ensure that the folio(s) are updated with their PAN.
▪ No Account statements will be issued to investors opted to hold
units in electronic (demat) mode, since the statement of account
furnished by depository participant periodically will contain the
details of transactions
APPLICABLE TO INVESTORS WHO OPT TO HOLD UNITS IN
ELECTRONIC (DEMAT) MODE:
▪ On acceptance of the application for subscription, an allotment confirmation
specifying the number of units allotted to the investor shall be sent by way
of email and/or SMS’s to the investors’ registered email address and/or
mobile number not later than 5 (five) business days from the date of
receipt of the application.
▪ The asset management company shall issue units in dematerialized
form to a unit holder in a scheme within 2 (two) working days of the receipt
of request from the unit holder
i. Thereafter, Single Consolidated Account Statement (SCAS), based on
PAN of the holders, shall be sent by Depositories, for each calendar
month on or before fifteenth day of the succeeding month to the
unitholders in whose folio(s)/demat account(s) transactions have taken
place during that month.
ii. SCAS shall be sent by Depositories every half yearly
(September/March), on or before twenty first day of succeeding month,
detailing holding at the end of the sixth month, to all such unitholders in
whose folios and demat accounts there have been no transactions
during that period.
iii. In case of demat accounts with nil balance and no transactions in
securities and in mutual fund folios, the depository shall send account
statement in terms of regulations applicable to the depositories.
iv. Consolidation shall be done on the basis of Permanent Account
Number (PAN). In the event the folio / demat account has more than
one registered holder, the first named Unit holder / Account holder shall
receive the SCAS. For the purpose of SCAS, common investors across
mutual funds / depositories shall be identified on the basis of PAN.
Consolidation shall be based on the common sequence/ order of
investors in various folios/ demats accounts across mutual funds /
demats accounts across depository participants.
v. In case of multiple accounts across two depositories, the depository
with whom the demat account has been opened earlier will be the
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 72
default depository which will consolidate the details across depositories
and Mutual Fund investments and dispatch the SCAS to the
unitholders.
vi. Unitholders whose folio(s)/demat account(s) are not updated with PAN
shall not receive SCAS. Unitholders are therefore requested to ensure
that their folio(s)/demat account(s) are updated with PAN.
vii. For Unitholders who have provided an e-mail address in KYC records,
the SCAS will be sent by e-mail.
viii. The Unitholders may request for account statement for mutual fund
units held in physical mode. In case of a specific request received from
the Unitholders, account statement shall be provided to the unitholders
within 5 business days from the receipt of such request.
ix. No account statements will be issued to unitholders opted to hold units
in demat mode, since the statement of account furnished by depository
participant periodically will contain the details of transactions.
x. SCAS sent within the time frame mentioned above is provisional and
is subject to realisation of payment instrument and/or verification of
documents, including the application form
Half Yearly Consolidated Account Statement:
▪ A CAS detailing holding across all schemes of all mutual funds at the
end of every six months (i.e. September/ March), shall be sent by mail/e-
mail on or before twenty first day of succeeding month, to all such
Unitholders in whose folios no transaction has taken place during that
period. Such Consolidated Account Statement shall reflect the latest
closing balance and value of the Units prior to the date of generation of
the consolidated account statement.
▪ The half yearly consolidated account statement will be sent by e-mail to
the Unitholders whose e-mail address is available, unless a specific
request is made to receive in physical.
COMMUNICATION BY EMAIL
For those unitholders who have provided an e-mail address, the AMC will
send the communication by email. Unitholders who receive e-mail
statements may download the documents after receiving e-mail from the
Mutual Fund. Should the Unitholder experience any difficulty in accessing
the electronically delivered documents, the Unitholder shall promptly advise
the Mutual Fund to enable the Mutual Fund to make the delivery through
alternate means. It is deemed that the Unitholder is aware of all security risks
including possible third party interception of the documents and contents of
the documents becoming known to third parties. For ease of
communication, first applicant’s own email ID and mobile number should
be provided.
IDCW Policy
Under IDCW option, it is proposed to declare IDCW subject to the
availability of distributable surplus as computed in accordance with SEBI
(MF) Regulations. IDCW, if declared, will be paid (subject to deduction of
tax at source, if any) to those unitholders, whose names appear in the
register of unitholders on the notified record date. AMC reserves the right
to change the record date from time to time. However, it must be distinctly
understood that actual declaration of IDCW and frequency thereof is at the
discretion of Trustees. There is no assurance or guarantee to unitholders
as to the rate of IDCW distribution nor that will the IDCW be paid regularly.
On payments of IDCW, the NAV will stand reduced by the amount of IDCW
paid and statutory levy, if any.
IDCW Distribution Procedure:
• Quantum of IDCW and Record date shall be fixed by the Trustees.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 73
• AMC shall issue a notice to the public communicating the decision about
IDCW including the record date, within one calendar day of the decision
made by the trustees in their meeting.
Record date shall be the date that will be considered for the purpose of
determining the eligibility of investors whose name appear on the register
of unitholders. Record date shall be two working days from the date of
publication in at least one English newspaper or in a newspaper published in
the language of the region where the Head Office of the mutual fund is
situated, whichever is issued earlier. However, the aforesaid procedure shall
not be applicable for plan/ options having frequency of IDCW distribution
from daily upto monthly.
Listing and Transfer of
units
The Scheme being open ended; the Units are not proposed to be listed on
any stock exchange. However, the Fund may at its sole discretion list the
Units on one or more stock exchanges at a later date if it considers this to be
necessary in the interest of unit holders of the scheme.
In accordance with para 14.4.4 of SEBI Master Circular on Mutual Funds
dated May 19, 2023 on transferability of mutual fund units,
investors/unitholders of the schemes of Aditya Birla Sun Life Mutual Fund are
requested to note that units held in electronic (demat) form shall be
transferable under the depository system, except in case of units held in
Equity Linked Savings Scheme (ELSS) during the lock-in Period and will be
subject to the transmission facility in accordance with the provisions of
Securities and Exchange Board of India (Depositories and Participants)
Regulations, 2018, as may be amended from time to time.
Creation of Segregated
Portfolio
Segregated portfolio will be created, in case of a credit event at issuer level
i.e. downgrade in credit rating by a SEBI registered Credit Rating Agency
(CRA), as under:
• Downgrade of a debt or money market instrument to ‘below investment
grade, or
• Subsequent downgrades of the said instruments from ‘below
investment grade, or
• Similar such downgrades of a loan rating.
In case of difference in rating by multiple CRAs, the most conservative
rating will be considered. Creation of segregated portfolio will be based on
issuer level credit events and as mentioned above implemented at the ISIN
level.
Creation of segregated portfolio of unrated debt or money market
instruments of an issuer that does not have any outstanding rated
debt or money market instruments:
Segregated portfolio may also be created in case of unrated debt or money
market instruments of an issuer that does not have any outstanding rated
debt or money market instruments. However, such segregation may be
done only in case of actual default of either the interest or principal amount
by the issuer of such instruments. The Fund shall inform AMFI immediately
about the actual default by the issuer. AMFI will disseminate the
information about the actual default by the issuer to all AMCs post which
the Fund may segregate the portfolio of debt or money market instruments
of the said issuer.
Creation of segregated portfolio for investment in debt instruments
with special features
Segregated portfolio of such instruments may be created in case the said
instrument is to be written off or converted to equity pursuant to any
proposal, the date of said proposal may be treated as the trigger date.
However, if the said instruments are written off or converted to equity
without proposal, the date of write off or conversion of debt instrument to
equity may be treated as the trigger date subject to compliance with
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 74
relevant provisions of para 4.4 of SEBI Master Circular on Mutual Funds
dated May 19, 2023 issued with respect to ‘Creation of segregation
portfolio in mutual fund schemes’ and any other relevant
Regulations/Circulars/Guidelines issued in the future from time to time
Process of creation of segregated portfolio:
ABSLAMC will decide on creation of segregated portfolio on the day of
credit event and will seek approval of ABSLTPL. Post that ABSLAMC will
immediately issue a press release disclosing its intention to segregate such
debt and money market instrument and its impact on the investors.
ABSLAMC will also disclose in the press release that the segregation shall
be subject to trustee approval. Additionally, the said press release will be
prominently disclosed on the website of the AMC. ABSLAMC will ensure
that till the time the trustee approval is received, which in no case shall
exceed 1 business day from the day of credit event, the subscription and
redemption in the scheme shall be suspended for processing with respect
to creation of units and payment on redemptions.
The segregated portfolio shall be effective from the day of credit event,
post approval of Trustee.
ABSLAMC will issue a press release immediately post approval of
ABSLTPL with all relevant information pertaining to the segregated
portfolio. The said information shall also be submitted to SEBI.
An e-mail or SMS will be sent to all unit holders of the concerned Scheme.
The NAV of both segregated and main portfolio will be disclosed from the
day of the credit event. All existing unit holders in the Scheme as on the
day of the credit event shall be allotted equal number of units in the
segregated portfolio as held in the main portfolio.
No redemption and subscription shall be allowed in the segregated
portfolio. However, in order to facilitate exit to unit holders in segregated
portfolio, ABSLAMC will enable listing of units of segregated portfolio on
recognized stock exchange within 10 working days of creation of
segregated portfolio and also enable transfer of such units on receipt of
transfer request.
If the trustees do not approve the proposal to segregate portfolio, AMC
shall issue a press release immediately informing investors of the same.
Valuation and processing of subscriptions and redemptions
The valuation will take into account the credit event and the portfolio will
be valued based on the principles of fair valuation (i.e. realizable value of
the assets) in terms of the relevant provisions of SEBI (Mutual Funds)
Regulations, 1996 and Circular(s) issued thereunder.
All subscription and redemption requests for which NAV of the day of credit
event or subsequent day is applicable will be processed as per the existing
circular on applicability of NAV. However, in case of segregated portfolio,
applicability of NAV will be as under:
1. Investors redeeming their units will get redemption proceeds based on
the NAV of main portfolio and will continue to hold the units of
segregated portfolio.
2. Investors subscribing to the Scheme will be allotted units only in the
main portfolio based on its NAV.
In case ABSLTPL does not approve the above valuation process, all
subscription and redemption applications will be processed based on the
NAV of total portfolio.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 75
Disclosure requirements
A statement of holding indicating the units held by the investors in the
segregated portfolio along with the NAV of both segregated portfolio and
main portfolio as on the day of the credit event will be communicated to the
investors within 5 working days of creation of the segregated portfolio.
Further, adequate disclosure of the segregated portfolio will also appear in
all scheme related documents, in monthly and half-yearly portfolio
disclosures and in the annual report of the mutual fund and the Scheme.
Further, the NAV of the segregated portfolio will be declared on daily basis.
The information regarding number of segregated portfolios created in a
scheme shall appear prominently under the name of the scheme at all
relevant places such as SID, KIM-cum-Application Form, advertisement,
AMC and AMFI websites, etc. The scheme performance required to be
disclosed at various places will include the impact of creation of segregated
portfolio. The scheme performance will clearly reflect the fall in NAV to the
extent of the portfolio segregated due to the credit event and the said fall
in NAV along with recovery (ies), if any, will be disclosed as a footnote to
the scheme performance. These disclosures regarding the segregated
portfolio will be carried out for a period of atleast 3 years aſter the
investments in segregated portfolio are fully recovered/ written-off.
The investors of the segregated portfolio will be duly informed of the
recovery proceedings of the investments of the segregated portfolio and
status update will be provided to the investors at the time of recovery and
also at the time of writing-off of the segregated securities.
Total Expense Ratio (“TER”) for the Segregated Portfolio
ABSLAMC will not charge investment and advisory fees on the segregated
portfolio. However, TER (excluding the investment and advisory fees) can
be charged, on a pro-rata basis only upon recovery of the investments in
segregated portfolio. The TER so levied shall not exceed the simple
average of such expenses (excluding the investment and advisory fees)
charged on daily basis on the main portfolio (in % terms) during the period
for which the segregated portfolio was in existence. The legal charges
related to recovery of the investments of the segregated portfolio will be
charged to the segregated portfolio in proportion to the amount of recovery.
However, the same will be within the maximum TER limit as applicable to
the main portfolio. The legal charges in excess of the TER limits, if any, will
be borne by ABSLAMC. The costs related to segregated portfolio will in no
case be charged to the main portfolio.
Monitoring by Trustees
In order to ensure timely recovery of investments of the segregated
portfolio, Trustees will ensure that, the ABSLAMC puts in sincere efforts to
recover the investments of the segregated portfolio. Upon recovery of
money, whether partial or full, it will be immediately distributed to the
investors in proportion to their holding in the segregated portfolio. Any
recovery of amount of the security in the segregated portfolio even after
the write off shall be distributed to the investors of the segregated portfolio.
Further, an Action Taken Report (ATR) on the efforts made by the
ABSLAMC to recover the investments of the segregated portfolio will be
placed in every Trustee meeting till the investments are fully recovered/
written-off.
The Trustees will monitor the compliance of this circular and disclose in the
half-yearly trustee reports filed with SEBI, the compliance in respect of
every segregated portfolio created.
In order to avoid mis-use of segregated portfolio, trustees will ensure that
there is a mechanism in place to negatively impact the performance
incentives of Fund Managers, Chief Investment Officers (CIOs), etc.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 76
involved in the investment process of securities under the segregated
portfolio, mirroring the existing mechanism for performance incentives of
the AMC, including claw back of such amount to the segregated portfolio
of the scheme.
Creation of segregated portfolio will be optional and at the discretion of
ABSLAMC.
Illustration of portfolio segregation
The below illustration explains the impact of portfolio segregation on
account of the credit event on the Scheme and its investors.
Total Portfolio
Regular Plan
Direct Plan
Net Assets (A)
200.00
110.00
Units (B)
20.000
10.000
NAV per unit (A)/(B)
10.0000
11.0000
Assuming, the above portfolio has a security with market value of Rs. 20
which has got impacted by a credit event. Based on Trustees approval for
segregation of portfolio, total portfolio would be split into main portfolio and
segregated portfolio as given below:
Main Portfolio
Regular Plan
Direct Plan
Net Assets before Segregation
(A)
200.00
110.00
Value of impacted security (B)
12.90
7.10
Net Assets after segregation
(C) = (A) – (B)
187.10
102.90
Units (D)
20.000
10.000
NAV per unit (C)/(D)
9.3548
10.2903
Segregated Portfolio
Regular Plan
Direct Plan
Value of impacted security
segregated from Total portfolio
12.90
7.10
Haircut @ 25%
3.23
1.77
Net Assets after Haircut (A)
9.68
5.32
Units (B)
20.000
10.000
NAV per unit (A)/(B)
0.4839
0.5323
Investor Holding
Regular Plan
Direct Plan
Net Assets in Total Portfolio
200.00
110.00
Net Assets in Main Portfolio
187.10
102.90
Net Assets in Segregated
Portfolio after Haircut*
9.68
5.32
*Market value of investor holding will come down to the extent of haircut
on the impacted security.
Impact on investors:
1. Existing Investors: All existing investors in the scheme as on the day of
the credit event will be allotted equal number of units in the segregated
portfolio as held in the main portfolio.
2. New Investors: Investors subscribing to the scheme will be allotted units
only in the main portfolio based on its NAV.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 77
Exiting Investors: Investors redeeming their units will get redemption
proceeds based on the NAV of main portfolio and will continue to hold the
units of segregated portfolio.
Income Distribution cum
capital withdrawal
The IDCW warrants shall be dispatched to the unitholders within seven
days from the record date. In the event of failure of dispatch of IDCW within
the stipulated period, the AMC shall be liable to pay interest @ 15 per cent
per annum to the unit holders for the period of such delay.
AMC will endeavor to credit the IDCW payouts directly to the designated
Bank A/c of the unitholders of Aditya Birla Sun Life Mutual Fund schemes
through any of the available electronic mode (i.e. RTGS / NEFT / Direct
Credit / NECS). AMC reserves the right to use any of the above mode of
payment as deemed appropriate for all folios where the required
information is available.
Redemption
The Mutual Fund shall transfer the Redemption proceeds within three
working days from the date of Redemption or repurchase.
However, in case of exceptional circumstances mentioned in para 14.1.3
of SEBI Master Circular dated May 19, 2023, redemption or repurchase
proceeds will be transferred / dispatched to Unitholders within the time
frame prescribed for such exceptional circumstances. For further details,
investors are requested to refer to Statement of Additional Information
(SAI).
The Units can be Redeemed (i.e. sold back to the Mutual Fund) or
Switched-out on every Business Day at the Redemption Price. The
Redemption / Switch-out request can be made by way of a written request
/ pre-printed form / relevant tear off section of the Transaction Slip enclosed
with the Account Statement, which should be submitted at / may be sent
by mail to any of the ISCs.
In case an investor has purchased Units of the Scheme on more than one
Business Day (either during the New Fund Offer Period, or on an ongoing
basis), the Units purchased prior in time will be redeemed/switched-out
first. Thus, in case of valid application for redemption/switch-out is made
by the investor, those Units of the scheme which have been held for the
longest period of time will be redeemed/switched-out first i.e. on a First-in-
First-Out basis.
However, where Units under a Scheme are held under both Regular and
Direct Plans and the redemption / Switch request pertains to the Direct
Plan, the same must clearly be mentioned on the request (along with the
folio number), failing which the request would be processed from the
Regular Plan. However, where Units under the requested Option are held
only under one Plan, the request would be processed under such Plan.
Redemption would be permitted to the extent of clear credit balance in the
Unit holder's account. The Redemption request can be made by specifying
the rupee amount or by specifying the number of Units to be redeemed. If
a Redemption request is for both, a specified rupee amount and a specified
number of Units, the specified number of Units will be considered the
definitive request. If only the Redemption amount is specified by the Unit
holder, the AMC will divide the Redemption amount so specified by the
Redemption Price to arrive at the number of Units. The request for
Redemption of Units could also be in fractions, upto three decimal places.
However, in case of units held in electronic (demat) mode, the redemption
request can be given only in number of Units. Also Switch transactions are
currently not available in case of units held in electronic (demat) mode.
In case the Units are held in the names of more than one Unit holder, where
mode of holding is specified as "Joint", Redemption requests will have to
be signed by all the joint holders. However, in cases of holding specified
as 'Anyone or Survivor', any of the Unit holders will have the power to make
Redemption request, without it being necessary for all the Unit holders to
sign. However, in all cases, the Redemption proceeds will be paid only to
the first named holder.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 78
AMC will endeavor to credit the redemptions payouts directly to the
designated Bank A/c of the unitholder through any of the available
electronic mode (i.e. RTGS / NEFT / Direct Credit). AMC reserves the right
to use any of the above mode of payment as deemed appropriate for all
folios where the required information is available. AMC/Mutual Fund,
however, reserves the right to issue a cheque / demand draft inspite of an
investor opting for Electronic Payout.
Bank Details: In order to protect the interest of investors from fraudulent
encashment of cheques, the current SEBI (MF) Regulations have made it
mandatory for investors to mention in their application / Redemption
request, the bank name and account number. Applications without these
details are liable to be rejected.
The policy regarding
reissue of repurchased
units, including the
maximum extent, the
manner of reissue, the
entity (the scheme or the
AMC) involved in the same.
The Units can be repurchased/redeemed (i.e., sold back to the Fund) or
Switched-out on every business day, at the Applicable NAV subject to
payment of exit load, if any and lock-in period, if any. The Units so
repurchased shall not be reissued. The Redemption / Switch-out request can
be made by way of a written request / pre-printed form / relevant tear off
section of the Transaction Slip enclosed with the Account Statement, which
should be submitted at / may be sent by mail to any of the ISCs.
In case the Units are held in the names of more than one Unit holder, where
mode of holding is specified as "Joint", Redemption requests will have to be
signed by all the joint holders. However, in cases of holding specified as
'Anyone or Survivor', any of the Unit holders will have the power to make
Redemption request, without it being necessary for all the Unit holders to sign.
However, in all cases, the Redemption proceeds will be paid only to the first
named holder.
For further details, please refer to “Redemptions”.
Restrictions, if any, on the
right to freely retain or
dispose of units being
offered
Suspension of Sale / Switching Options of the Units:
The Mutual Fund at its sole discretion reserves the right to suspend sale and
switching of Units in the Scheme temporarily or indefinitely when any of the
following conditions exist. However, the suspension of sale and switching of
Units either temporarily or indefinitely will be with the approval of the Trustee.
1. When one or more stock exchanges or markets, which provide basis
for valuation for a substantial portion of the assets of the Scheme are
closed otherwise than for ordinary holidays.
2. When, as a result of political, economic or monetary events or any
circumstances outside the control of the Trustee and the AMC, the
disposal of the assets of the Scheme are not reasonable, or would
not reasonably be practicable without being detrimental to the
interests of the Unit holders.
3. In the event of breakdown in the means of communication used for
the valuation of investments of the Scheme, without which the value
of the securities of the Scheme cannot be accurately calculated.
4. During periods of extreme volatility of markets, which in the opinion of
the AMC are prejudicial to the interests of the Unit holders of the
Scheme.
5. In case of natural calamities, strikes, riots and bandhs.
6. In the event of any force majeure or disaster that affects the normal
functioning of the AMC or the ISC.
7. If so directed by SEBI.
The AMC reserves the right in its sole discretion to withdraw the facility of
Sale and Switching option of Units into the Scheme [including any one
Plan/Option of the Scheme], temporarily or indefinitely, if AMC views that
changing the size of the corpus further may prove detrimental to the
existing Unit holders of the Scheme
Right To Limit
Redemptions
Subject to the approval of the Board of Directors of Aditya Birla Sun Life AMC
Limited (“ABSLAMC”) and the Aditya Birla Sun Life Trustee Private Limited
(“Trustee”) and also subject to necessary communication of the same to
SEBI, the redemption of / switch-out of Units of Scheme(s) of the Fund, may
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 79
be temporarily suspended/ restricted under the following circumstances that
leads to a systemic crisis or event that severely constricts market liquidity or
the efficient functioning of markets:
a) Liquidity issues - When markets at large becomes illiquid affecting
almost all securities rather than any issuer specific security.
b) Market failures, exchange closures - When markets are affected by
unexpected events which impact the functioning of exchanges or the
regular course of transactions. Such unexpected events could also be
related to political, economic, military, monetary or other emergencies.
c) Operational issues - When exceptional circumstances are caused by
force majeure, unpredictable operational problems and technical failures
(e.g. a black out).
Under the aforesaid circumstances, ABSLAMC / Trustee may restrict
redemption for a specified period of time not exceeding 10 working days in
any 90 days period.
For redemption requests placed during the restriction period the following
provisions will be applicable:
(iii) For redemption requests upto Rs. 2 lakh the above-mentioned
restriction will not be applicable and
(iv) Where redemption requests are above Rs. 2 lakh, AMCs shall
redeem the first Rs. 2 lakh without such restriction and remaining part
over and above Rs. 2 lakh shall be subject to such restriction.
ABSLAMC / Trustee reserves the right to change / modify the provisions
of right to limit Redemption / switch-out of units of the Scheme(s) pursuant
to direction/ approval of SEBI.
Delay in payment of
redemption / repurchase
proceeds and despatch of
IDCW warrants
The Asset Management Company shall be liable to pay interest to the
unitholders at such rate as may be specified by SEBI for the period of such
delay (presently @ 15% per annum).
Transfer of Units
Units are freely transferable, the Asset Management Company shall on
production of instrument of transfer together with the relevant documents,
register the transfer within thirty days from the date of such production.
Further, on listing, the Units of the scheme held in electronic (demat) form
would be transferable. Transfers should be only in favour of transferees who
are eligible for holding Units under the Scheme. The AMC shall not be bound
to recognise any other transfer. For effecting the transfer of Units held in
electronic form, the Unitholders would be required to lodge delivery
instructions for transfer of Units with the DP in the requisite form as may be
required from time to time and the transfer will be effected in accordance
with such rules/regulations as may be in force governing transfer of
securities in electronic (demat) mode.
If a person becomes a holder of the Units consequent to operation of law, or
upon enforcement of a pledge, the Fund will, subject to production of
satisfactory evidence, effect the transfer, if the transferee is otherwise
eligible to hold the Units. Similarly, in cases of transfers taking place
consequent to death, insolvency etc., the transferee’s name will be recorded
by the Fund subject to production of satisfactory evidence.
Transfer of units will be subject to payment of applicable stamp duty by the
Unitholder(s)
B. PERIODIC DISCLOSURES
Net Asset Value
This is the value per unit of the
scheme on a particular day.
The AMC will calculate and disclose the first NAV(s) of the scheme not
later than 5 (five) Business days from the date of allotment. Thereafter,
the NAV will be calculated and disclosed for every Business Day. NAV
of the scheme will be calculated up to two decimal places. AMC reserves
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 80
You can ascertain the value of
your investments by multiplying
the NAV with your unit balance.
the right to calculate NAV more than two decimal places. AMC shall
update the NAV on the AMFI website (www.amfiindia.com) and on the
website of the Mutual Fund (www.mutualfund.adityabirlacapital.com) by
11.00 pm on all business day.
The scheme is permitted to take exposure to overseas securities. In such
cases where the scheme has taken exposure to overseas securities, the
NAV of the scheme would be declared by 10.00 a.m. of the immediately
succeeding Business Day. In case the scheme ceases to hold exposure
to any overseas securities, the NAV of the scheme for that day would
continue to be declared on 10.00 am on the immediately succeeding
Business Day. Subsequent to that day, NAV of the scheme shall be
declared on 11.00 p.m., on the same business day.
In case of any delay, the reasons for such delay would be explained to
AMFI in writing. If the NAVs are not available before commencement of
business hours on the following day due to any reason, Mutual Fund
shall issue a press release providing reasons and explaining when the
Mutual Fund would be able to publish the NAVs.
Further the Mutual Fund / AMC will extend facility of sending latest
available NAVs of the Scheme to the Unit holders through SMS upon
receiving a specific request in this regard. Also, information regarding
NAVs can be obtained by the Unit holders / Investors by calling or visiting
the nearest ISC.
In terms of SEBI regulation, a complete statement of the Scheme
portfolio will be sent to all unitholders, within ten days from the close of
each month / half-year whose email addresses are registered with the
Mutual Fund.
The portfolio of the scheme (alongwith ISIN) shall also be disclosed on
the website of Mutual Fund (www.mutualfund.adityabirlacapital.com)
and on the website of AMFI (www.amfiindia.com) within 10 days from
the close of each month/ half-year respectively in a user-friendly and
downloadable spreadsheet format.
Portfolio Disclosures
In terms of SEBI Regulation, Mutual Funds/ AMCs will disclose portfolio
(along with ISIN) as on the last day of the month / half-year for all Schemes
on its website www.mutualfund.adityabirlacapital.com and on the website
of AMFI (www.amfiindia.com) within 10 days from the close of each month/
half-year respectively in a user-friendly and downloadable spreadsheet
format. The Mutual Fund/AMCs will send to Unitholders a complete
statement of the scheme portfolio, within ten days from the close of each
month / half-year whose email addresses are registered with the Mutual
Fund. Further, the Mutual Fund / AMC shall publish an advertisement
disclosing the hosting of such half yearly scheme portfolio on its website
www.mutualfund.adityabirlacapital.com and on the website of AMFI
(www.amfiindia.com).Mutual Funds/ AMCs will also provide a physical
copy of the statement of its scheme portfolio, without charging any cost,
on specific request received from a unitholder.
Half Yearly Results
Mutual Fund / AMC shall within one month from the close of each half
year, (i.e. 31
st
March and on 30
th
September), host a soft copy of its
unaudited financial results on its website
(www.mutualfund.adityabirlacapital.com). Further, the Mutual Fund /
AMC will publish an advertisement disclosing the hosting of such
unaudited half yearly financial results on their website.
Annual Report
The scheme wise annual report or an abridged summary thereof shall be
made available on the website of the Fund and also shall be provided to
all Unitholders not later than four months from the date of closure of the
relevant accounting year whose email addresses are registered with the
Mutual Fund. The physical copies of Scheme wise Annual report will also
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 81
be made available to the unitholders, at the registered offices at all times.
The scheme wise annual report will also be hosted on its website
(www.mutualfund.adityabirlacapital.com) and on the website of AMFI
(www.amfiindia.com).
The physical copy of the abridged summary shall be provided to the
investors without charging any cost, if a specific request through any
mode is received from the unitholder.
Further, the Mutual Fund / AMC shall publish an advertisement
disclosing the hosting of scheme wise annual report on its website
www.mutualfund.adityabirlacapital.com and on the website of AMFI
(www.amfiindia.com).
Scheme Summary Document
The AMC is required to prepare a Scheme Summary Document for all
schemes of the Fund. The Scheme Summary document is a standalone
scheme document that contains all the applicable details of the scheme.
The document is updated by the AMCs on a monthly basis or on changes
in any of the specified fields, whichever is earlier. The document is
available on the websites of AMC, AMFI and Stock Exchanges in 3 data
formats, namely: PDF, Spreadsheet and a machine readable format
(either JSON or XML).
Associate Transactions
Please refer to Statement of Additional Information (SAI).
Taxation
The information is provided for
general information only.
However, in view of the
individual nature of the
implications, each investor is
advised to consult his or her
own tax advisors authorised
dealers with respect to the
specific amount of tax and other
implications arising out of his or
her participation in the
schemes.
Tax
Resident Investors
Mutual Fund
Tax on IDCW*
10%
@
/20%
@@
(Note 1)
Nil (Note 1)
Capital Gains*:
Long Term
Short Term
10% without
indexation +
applicable Surcharge
^
+ 4% Cess
Nil
15% + applicable
Surcharge^+ 4%Cess
Nil
*plus applicable surcharge and education cess
Note:
1. IDCW distribution tax is abolished w.e.f. 1
st
April 2020. Accordingly,
IDCW will be taxed in the hands of investor. Section 194K is
introduced in order to deduct tax on IDCW.
@
Tax is not deductible if cumulative IDCW income in respect of units
of a mutual fund is below Rs. 5000/- in a financial year
@@
If PAN is not provided/ invalid, the base tax is further increased
by surcharge at the following rates:
a. 15% where total income exceeds Rs. 1 Cr but does not exceed
Rs. 2 Crs
b. 10% where total income exceeds Rs. 50 lakhs but does not
exceed Rs. 1 Crs
2. Finance Act, 2020 has capped maximum surcharge at 15% w.r.t.
WHT on IDCW paid to non-resident non-corporate investors (namely
individual, HUF, AOP, BOI, artificial judicial person etc.)
3. Equity Oriented Funds will also attract Securities Transaction Tax
(STT) at applicable rates.
^
Surcharge rates are as under:
- In case of Corporate Assesses:
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 82
i. Where the taxable income exceeds Rs. 1 crore but less than Rs. 10
Crores- At the rate of 7% (Marginal Relief in Surcharge, if
applicable)
ii. Where the taxable income exceeds Rs. 10 crore - At the rate of 12%
(Marginal Relief in Surcharge, if applicable)
iii. For domestic company whose income is chargeable to tax under
section 115BAA or section 115BAB, surcharge rate shall be 10%.
- In case of Non- Corporate Assesses:
i. New Regime
for individuals, HUF, association of persons, body of individuals and
artificial juridical person, surcharge at 10% where total income
exceeds Rs. 50 lakhs but does not exceed Rs. 1 crore and
surcharge at 15% where total income exceeds Rs. 1 crore
Old regime
for individuals, HUF, association of persons, body of individuals and
artificial juridical person, surcharge at 10% where total income
exceeds Rs. 50 lakhs but does not exceed Rs. 1 crore and
surcharge at 15% where total income exceeds Rs. 1
ii. for firm, co-operative society and local authority, surcharge at 12%
is applicable where income exceeds Rs. 1 crore. For co-operative
society whose income is chargeable to tax under section 115BAD
or section 115BAE, surcharge rate shall be 10%.
$The Health and Education Cess to be applicable at 4% on aggregate of
base tax and surcharge.
For details on taxation please refer to the clause on Taxation in the
SAI.
Investor services
Investors may contact the ISCs or the office of the AMC for any queries
/clarifications. The Head Office of the AMC will follow up with the
respective ISC to ensure timely redressal and prompt investor services.
Ms. Keerti Gupta can be contacted at the office of the AMC at One World
Center, Tower 1, 17
th
Floor, Jupiter Mills, Senapati Bapat Marg,
Elphinstone Road, Mumbai – 400013. Contact Nos: 1800-22-7000 /
1800-270-7000 (Toll free)
Email: care.mutualfunds@adityabirlacapital.com
For any grievances with respect to transactions through Stock Exchange
Platform for Mutual Funds, the investors should approach either the
stock broker or the investor grievance cell of the respective stock
exchange.
Disclosure related to Risk-o-
meter
The product labeling assigned during the NFO is based on internal
assessment of the Scheme characteristics or model portfolio and the
same may vary post NFO when the actual investments are made.
The Product labeling mandated by SEBI is to provide investors an easy
understanding of the risk involved in the kind of product / scheme they
are investing to meet their financial goals. The Riskometer categorizes
the scheme of Fund under different levels of risk based on the respective
scheme's investment objective, asset allocation pattern, investment
strategy and typical investment time horizon of investors. Therefore, the
scheme falling under the same level of risk in the Riskometer may not be
similar in nature. Investors are advised before investing to evaluate a
scheme not only on the basis of the Product labeling (including the
Riskometer) but also on other quantitative and qualitative factors such
as performance, portfolio, fund managers, asset manager, etc. and shall
also consult their financial advisers, if they are unsure about the
suitability of the scheme before investing. Further, pursuant to para 17.4
of SEBI Master Circular on Mutual Funds dated May 19, 2023, Risk-o-
meters shall be evaluated on a monthly basis and Mutual Funds/AMCs
shall disclose the Risk-o-meters along with portfolio disclosure for their
schemes on AMCs website and on AMFI website within 10 days from
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 83
the close of each month. Mutual Funds shall also disclose the risk level
of schemes as on March 31 of every year, along with number of times
the risk level has changed over the year, on AMCs website and AMFI
website.
D. COMPUTATION OF NET ASSET VALUE
The Net Asset Value (NAV) per Unit of the scheme will be computed by dividing the net assets of the scheme
by the number of Units outstanding under the scheme on the valuation date. The Mutual Fund will value its
investments according to the valuation norms, as specified in Schedule VIII of the SEBI (MF) Regulations, or
such norms as may be specified by SEBI from time to time.
NAV of Units under the scheme shall be calculated as shown below:
Market or Fair Value of the scheme’s Investments
+ Current Assets (including accrued income)
- Current Liabilities and Provisions (including accrued expenses)
NAV (Rs.) per Unit = ————————————————————————————
No. of Units outstanding under the scheme
The AMC will calculate and disclose the NAV of the scheme on every business day. The NAVs of the Scheme
will be calculated upto two decimals and units allotted upto three decimals. AMC reserves the right to calculate
NAV more than two decimal places. NAVs of the growth option and IDCW option will be different after the
declaration of the first IDCW.
Computation of NAV in case of investment in foreign securities: On the valuation day, all the assets and
liabilities denominated in foreign currency will be valued in Indian Rupees. The valuation price of the security
will be converted to INR based on a reference rate provided by the designated agency at the close of banking
hours in India. If required, the AMC may change the source of determining the exchange rate. The Fund shall
value its investments according to the valuation norms as specified in the Eighth Schedule of the Regulations,
or such guidelines / recommendations as may be specified by SEBI from time to time. The broad valuation
norms are detailed in the Statement of Additional Information.
Illustration of computation of NAV:
If the net assets of the Scheme are Rs.10,55,34,567.12 and units outstanding are 100,00,000, then the
NAV per unit will be computed as follows:
10,55,34,567.12 / 100,00,000 = Rs. 10.553 p.u. (rounded off to three decimals)
Section IV – FEES AND EXPENSES
This section outlines the expenses that will be charged to the schemes and also about the transaction charges, if
any, to be borne by the investors. The information provided under this Section seeks to assist the investor in
understanding the expense structure of the Schemes and types of different fees / expenses and their percentage
the investor is likely to incur on purchasing and selling the Units of the Schemes.
A. NEW FUND OFFER EXPENSES
These expenses are incurred for the purpose of various activities related to the NFO like sales and distribution
fees paid marketing and advertising, registrar expenses, printing and stationery, bank charges etc. All the
NFO expenses of the Scheme shall be borne by the AMC.
The entire amount subscribed by the investor subject to deduction of transaction charges, if any, in the scheme
during the New Fund Offer will be available to the scheme for investments.
B. ANNUAL SCHEME RECURRING EXPENSES
These are the fees and expenses for operating the scheme. These expenses include Investment Management
and Advisory Fee charged by the AMC, Registrar and Transfer Agents’ fee, marketing and selling costs etc.
as given in the table related to maximum permissible expense below.
Within the limits specified under the SEBI Regulations, the AMC has estimated that the following will be
charged to the scheme as expenses. For the actual current expenses being charged, the investor should refer
to the website of the mutual fund. Further, any change in the expense ratio will be updated on our website
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 84
and the same will be communicated to investor via SMS / e-mail 3 working days prior to the effective date of
change.
As per Regulation 52(6)(c) of SEBI (MF) Regulations, the total expenses of the scheme, including Investment
Management and Advisory Fees, shall be subject to following limits as specified below:
Assets under management Slab
(In Rs. crore)
Total expense ratio limits
on the first Rs.500 crores of the daily net assets
2.25%
on the next Rs.250 crores of the daily net assets
2.00%
on the next Rs.1,250 crores of the daily net assets
1.75%
on the next Rs.3,000 crores of the daily net assets
1.60%
on the next Rs.5,000 crores of the daily net assets
1.50%
On the next Rs.40,000 crores of the daily net assets
Total expense ratio reduction of 0.05% for
every increase of Rs.5,000 crores of daily
net assets or part thereof.
On balance of the assets
1.05%
In addition to total expense permissible within limits of Regulation 52 (6)(c) of SEBI (MF) Regulations as
above, the AMC may charge the following to the scheme in terms of Regulation 52(6A) of SEBI (MF)
Regulations:
(a) Additional expenses not exceeding of 0.30% of daily net assets may be charged to the Scheme, if the
new inflows from retail investors^ from beyond top 30 cities* are at least (i) 30% of gross new inflows in
the scheme or (ii) 15% of the average assets under management (year to date) of the scheme, whichever
is higher.
^As per para 10.1 of SEBI Master Circular on Mutual Funds dated May 19, 2023, inflows of amount upto
Rs 2,00,000/- per transaction, by individual investors shall be considered as inflows from “retail investor”.
*Beyond Top 30 (B30) cities shall mean beyond top 30 cities based on Association of Mutual Funds in
India (AMFI) data on ‘AUM by Geography - Consolidated Data for Mutual Fund Industry’ as at the end of
the previous financial year.
In case inflows from beyond such cities is less than the higher of (i) or (ii) mentioned above, such additional
expense on daily net assets of the scheme shall be charged on proportionate basis in accordance with
para 10.1.3 of SEBI Master Circular on Mutual Funds dated May 19, 2023.
Inflows from corporates and institutions from B-30 cities will not be considered for computing the inflows
from B-30 cities for the purpose of additional TER of 30 basis points.
The expense so charged shall be utilized for distribution expenses incurred for bringing inflows from such
cities. However, the amount incurred as expense on account of inflows from such cities shall be credited
back to the scheme in case the said inflows are redeemed within a period of one year from the date of
investment.
(b) Brokerage and transaction cost incurred for the purpose of execution of trade shall be charged to the schemes
as provided under Regulation 52 (6A) (a) upto 12 bps and 5 bps for cash market transactions and derivatives
transactions respectively. In terms of para 10.1.14 of SEBI Master Circular on Mutual Funds dated May 19,
2023, any payment towards brokerage and transaction costs (including GST, if any) incurred for the execution
of trades, over and above the said 0.12 per cent and 0.05 per cent for cash market transactions and derivatives
transactions respectively may be charged to the scheme within the maximum limit of Total Expense Ratio
(TER) as prescribed under Regulation 52 of the SEBI (MF) Regulations.
(c) Additional expenses incurred towards different heads mentioned under Regulations 52(2) and 52(4) of
SEBI (MF) Regulations, not exceeding 0.05 per cent of daily net assets of the scheme.
The AMC has estimated the following recurring expenses, as detailed in table related to maximum permissible
expense below. The expenses are estimated have been made in good faith as per the information available
to the AMC based on past experience and are subject to change inter se.
The purpose of the below table is to assist the investor in understanding the various costs and
expenses that an investor in the scheme will bear directly or indirectly.
Maximum estimated permissible expense as a % per annum of daily net assets
A. Expense Head / Nature of expense
% of daily net
assets
Investment Management and Advisory Fees (AMC fees)
Upto 2.25%
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 85
Trustee fee
Audit fees
Custodian fees
Registrar & Transfer Agent (RTA) Fees
Marketing & Selling expense including agent commission
Cost related to investor communications
Cost of fund transfer from location to location
Cost of providing account statements/allotment advice and IDCW/ redemption
cheques and warrants
Costs of Statutory advertisements
Cost towards investor education & awareness (at least 2 bps)^
Brokerage & transaction cost over and above 12 bps and 5 bps for cash and
derivative market trades respectively.
Goods & Service tax (GST) on expenses other than investment management and
advisory fees
GST on brokerage and transaction cost
Other expenses
Maximum total expense ratio (TER) permissible under Regulation 52(6)(c)
Upto 2.25%
C. Additional expenses under Regulation 52 (6)(c)**
Upto 0.05%
D. Additional expense for gross new inflows from specified cities under
Regulation 52 (6A) (b) to improve geographical reach of scheme.
Upto 0.30%
The above estimates for recurring expense are for indicative purposes only and have been made in good faith
as per the information available to the AMC based on past experience.
**such expenses shall not be charged to the scheme where the exit load is not levied or applicable.
Note:
(a) The TER of the Direct Plan will be lower to the extent of the abovementioned distribution expenses/
commission which is charged in the Regular Plan.
^In terms of para 10.1.16 of SEBI Master Circular on Mutual Funds dated May 19, 2023, the AMC / Mutual
Fund shall annually set apart at least 2 basis points (i.e. 0.02%) on daily net assets of the Scheme within
the maximum limit of Total Expense Ratio as per Regulation 52 of the SEBI (MF) Regulations for investor
education and awareness initiatives.
(b) In terms of para 10.3 of SEBI Master Circular on Mutual Funds dated May 19, 2023, AMC may charge the
following Fees and expenses as mentioned below:
a. Investment Management and Advisory Fees: AMC may charge GST on investment management
and advisory fees to the Scheme in addition to the maximum limit of Total Expense Ratio as prescribed
under Regulation 52 of the SEBI (MF) Regulations.
b. Other than Investment Management and Advisory Fees: AMC may charge GST on expenses other
than investment management and advisory fees to the Scheme within the maximum limit of Total
Expense Ratio as prescribed under Regulation 52 of the SEBI (MF) Regulations. Further, GST on
Brokerage and transaction cost incurred for execution of trades, will be within the maximum limit of
Total Expense Ratio as prescribed under Regulation 52 of the SEBI (MF) Regulations.
(c) Additional Expenses upto 0.05% of daily net assets as permissible under Regulation 52 (6A) (c) may be
charged by AMC under different heads of expenses mentioned under Regulation 52 (2) and (4) and more
specifically stated in table above.
(d) Maximum Permissible expense: The maximum total expense ratio (TER) that can be charged to the
Scheme will be subject to such limits as prescribed under the SEBI (MF) Regulations. The said maximum
TER shall either be apportioned under various expense heads as enumerated above, without any sub limit
or allocated to any of the said expense head(s) at the discretion of AMC. Also, the types of expenses
charged shall be as per the SEBI (MF) Regulations.
Investors should note that, all scheme related expenses including commission paid to distributors will
necessarily be paid from the Scheme only within the regulatory limits and not from the books of the ABSLAMC,
its associate, sponsor, trustee or any other entity through any route.
The total recurring expenses of the Scheme excluding issue or redemption expenses, whether initially borne
by the Mutual Fund or by the AMC, but including the investment management and advisory fee, shall not
exceed the limits as prescribed under Regulation 52 of the SEBI (MF) Regulations.
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 86
Illustration of impact of expense ratio on schemes returns:
Expense ratio, normally expressed as a percentage of Average Assets under Management, is calculated by
dividing the permissible expenses under the Regulations by the average net assets.
To further illustrate the above, for the Scheme under reference, suppose an Investor invested Rs. 10,000/-
the impact of expenses charged will be as under:
Particulars
Regular Plan (Rs.)
Direct Plan (Rs.)
Amount invested at the beginning of the year (A)
10,000
10,000
Value of above investment at the end of the year (before all
applicable expenses) (B)
11,500
11,500
Returns before expenses (C)
1,500
1,500
Expenses other than Distribution expenses(D)
150
150
Distribution expenses (E)
50
-
Value of above investment at the end of the year (post all
applicable expenses) (F)
11,300
11,350
Returns after expenses at the end of the year (G)
1300
1350
Returns (%) (post all applicable expenses) (H) (H=(F-A)/A)
13%
13.5%
Returns (%) (without considering any expenses) (I)
[I= (B-A)/A]
15%
15%
Note(s):
• The purpose of the above illustration is to purely explain the impact of expense ratio charged to the
Scheme and should not be construed as providing any kind of investment advice or guarantee of returns
on investments.
• It is assumed that the expenses charged are evenly distributed throughout the year.
• The expenses of the Direct Option under the Scheme will be lower to the extent of the above-mentioned
distribution expenses/ commission. The NAVs of Direct Plan and Regular Plan will be different.
• Calculations are based on assumed NAVs, and actual returns on your investment may be more, or less.
• Any tax impact has not been considered in the above example, in view of the individual nature of the tax
implications. Each investor is advised to consult his or her own financial advisor.
C. TRANSACTION CHARGES
No transaction charge shall be deducted from the subscription amount for transactions /applications received
through the distributors.
D. LOAD STRUCTURE
Load is an amount that is paid by the investor to subscribe to the units or to redeem the units from the scheme.
This amount is used by the AMC to pay commissions to the distributor and to take care of other marketing
and selling expenses. Load amounts are variable and are subject to change from time to time. For the current
applicable structure, please refer to the website of the AMC (www.mutualfund.adityabirlacapital.com) or may
call at 1-800-22-7000/1-800-270-7000 or your distributor.
Type of Load
Load Chargeable (as %age of NAV)
Entry Load*
Nil.
Exit Load
• For redemption / switch-out of units on or before 90 days from the date of allotment:
0.50% of applicable NAV.
• For redemption / switch-out of units after 90 days from the date of allotment: Nil.
*In terms of para 10.4.1.a of SEBI Master Circular on Mutual Funds dated May 19, 2023, no entry load will be
charged by the Scheme to the investor.
• No Exit Loads will be chargeable in case of switches made from Growth option to IDCW option or vice-
versa within the respective Plans offered under the Scheme
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 87
• No entry or exit load shall be charged in respect of units issued to unitholders on Reinvestments of IDCW
and units issued to unitholders as Bonus units.
• No exit load will be charged in case of switch of investments from Regular Plan to Direct Plan and vice
versa.
• The above Load shall be applicable in case SIP/STP/SWP transactions.
• Pursuant to para 10.3 of SEBI Master Circular on Mutual Funds dated May 19, 2023, exit load charged, if
any, by the AMC/Mutual Fund to the unitholders shall be credited to the Scheme immediately, net of GST,
if any.
The investor is requested to check the prevailing load structure of the scheme before investing.
AMC reserves the right to change / modify the Load structure under the schemes if it so deems fit in the
interest of smooth and efficient functioning of the Mutual Fund. AMC reserves the right to introduce / modify
the Load depending upon the circumstances prevailing at that time subject to maximum limits as prescribed
under the SEBI (MF) Regulations.
Any imposition or enhancement of Load in future as may be permitted under SEBI (MF) Regulations shall be
applicable on prospective investments only and will be calculated on First in First Out (FIFO) basis. However,
AMC shall not charge any load on issue of bonus units and units allotted on reinvestment of IDCW for existing
as well as prospective investors. At the time of changing the Load Structure following measures would be
undertaken to avoid complaints from investors about investment in the schemes without knowing the loads:
I. The addendum detailing the changes would be attached to Scheme Information Document and Key
Information Document. The addendum will be circulated to all the distributors / brokers so that the same
can be attached to all Scheme Information Documents and Key Information Documents already in stock.
II. Arrangements will be made to display the addendum in the Scheme Information Document in the form of
a notice in all the Investor Service Centres and distributors / brokers office.
III. The introduction of the Exit Load alongwith the details would be stamped in the acknowledgement slip
issued to the investors on submission of the application form and would also be disclosed in the statement
of accounts issued after the introduction of such load.
IV. Any other measure which the AMC/Mutual Fund may feel necessary.
For any change in load structure AMC will issue an addendum and display it on the website/Investor Service
Centres
Unitholder Transaction Expenses and Load
In accordance with SEBI (MF) Regulations, while determining the price of the units, the mutual fund shall
ensure that the repurchase price of the scheme is not lower than 95 per cent of the Net Asset Value.
Note: Where as a result of a Redemption/ Switch arising out of excess holding by an investor beyond 25% of
the net assets of the schemes in the manner envisaged under para 6.11 of SEBI Master Circular on Mutual
Funds dated May 19, 2023, such Redemption / Switch will not be subject to Exit load.
E. WAIVER OF LOAD FOR DIRECT APPLICATIONS
Not Applicable
Section V - RIGHTS OF UNITHOLDERS
Please refer to SAI for details
Section VI - PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF
INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN
OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY
1. All disclosures regarding penalties and action(s) taken against foreign Sponsor(s) may be limited
to the jurisdiction of the country where the principal activities (in terms of income / revenue) of
the Sponsor(s) are carried out or where the headquarters of the Sponsor(s) is situated. Further,
only top 10 monetary penalties during the last three years shall be disclosed.
NIL
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 88
2. In case of Indian Sponsor(s), details of all monetary penalties imposed and/ or action taken during
the last three years or pending with any financial regulatory body or governmental authority,
against Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company; for
irregularities or for violations in the financial services sector, or for defaults with respect to
shareholders or debenture holders and depositors, or for economic offences, or for violation of
securities law. Details of settlement, if any, arrived at with the aforesaid authorities during the last
three years shall also be disclosed.
NIL
3. Details of all enforcement actions taken by SEBI in the last three years and/ or pending with SEBI
for the violation of SEBI Act, 1992 and Rules and Regulations framed there under including
debarment and/ or suspension and/or cancellation and/ or imposition of monetary
penalty/adjudication/enquiry proceedings, if any, to which the Sponsor(s) and/ or the AMC and/ or
the Board of Trustees/Trustee Company and/ or any of the directors and/ or key personnel
(especially the fund managers) of the AMC and Trustee Company were/ are a party. The details of
the violation shall also be disclosed.
NIL
4. Any pending material civil or criminal litigation incidental to the business of the Mutual Fund to
which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or
any of the directors and/ or key personnel are a party should also be disclosed separately.
There are cases pending before the Consumer Redressal Commissions, Civil Courts and High Courts.
The contingent liability aggregates to Rs. 82.22 lakhs approximately.
5. Any deficiency in the systems and operations of the Sponsor(s) and/ or the AMC and/ or the Board
of Trustees/Trustee Company which SEBI has specifically advised to be disclosed in the SID, or
which has been notified by any other regulatory agency, shall be disclosed.
NIL
Asides the above, there is no other disclosure.
Note:
(a) Further, any amendments / replacement / re-enactment of SEBI Regulations subsequent to the date of
the Scheme Information Document shall prevail over those specified in this Document.
(b) The Scheme under this Scheme Information Document was approved by the Trustees on April 28, 2023.
The Trustees have ensured that Aditya Birla Sun Life Quant Fund approved by them is a new product
offered by Aditya Birla Sun Life Mutual Fund and is not a minor modification of any existing scheme
/fund/product.
(c) Notwithstanding anything contained in the Scheme Information Document, the provisions of the
SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable.
For and on behalf of the Board of Directors of
Aditya Birla Sun Life AMC Limited
Sd/-
PLACE: MUMBAI
Parth Makwana
DATE: May 23, 2024
Compliance Officer
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 89
THE REGISTRAR
AMC has appointed Computer Age Management Services Limited (CAMS) located at Rayala Towers, 158,
Anna Salai, Chennai – 600 002 to act as Registrar and Transfer Agents (“The Registrar”) to the Schemes.
The Registrar is registered with SEBI under registration number INR 000002813.
For further details on our Fund, please contact our customer service centres.
BRANCH OFFICES OF ADITYA BIRLA SUN LIFE MUTUAL FUND
•Adyar: 1st Floor, New No. 131, Old No.64, L B Road, (Kalki Krishna Murthy Salai), Thiruvanmiyur, Adyar-600041 Agartala 2
nd
floor, Om Niwas, Netaji Choumuni,
Near HDFC Bank, Agartala - 799 001 Agra: Shop No. 3, Block No. 54/4, Ground Floor, Prateek Tower, Lashkarpur City Circle, Sanjay Place, Agra - 282 002.•
Ahmedabad:1st floor, Ratnaraj Spring Complex, Near post office, Opp. HDFC Bank House, Navrangpura, Ahmedabad-380 009 • Ahmedabad : 2nd Floor,
Poonam Plaza, Opp. Citi Corner Rambaug, Maninagar, Ahmedabad - 380 028. • Ahmednagar : 2nd Floor, Mauli Sankul, NR Zopadi Canteen, Manmad Road,
Savedi, Ahmednagar - 414 003. • Rajasthan: 2nd Floor, Divya Deep, 324/A/5, Near Bajrangarh Chauraha, Ajmer– 305 001.• Akola: First Floor, SANKET
Chambers, Civil Lines Chowk, Opp. Khandelwal Lab, Akola-444001 •Alappuzha: 1st Floor, Door No. 48 / 802 – D, Matha Arcade, Near YMCA Bridge, Above
Reliance Super Mart, Alappuzha - 688 001. • Allahabad: 3rd Floor, Adarsh Square, Sardar Patel Marg, Civil Lines, Allahabad - 211 001• Aligarh: 1st Floor, Centre
Point Market, Samad Road, Aligarh - 202001.•Ambala: First Floor, RR Complex, Above IDFC First Bank, Geeta Gopal Chauraha, Jagdhari Road, Ambala Cantt
- 133 001• Alwar: 2nd Floor, Ahana Tower, Near Jai Complex, Alwar - 301 001.• Amravati: 1st Floor, Karwa Commercial, Near Dr. Panjabrao Deshmukh Bank,
Near Irwin Square, Amravati - 444 601 • Amritsar: SCO-91, 3rd Floor, District Shopping Center, Ranjit Avenue, Amritsar - 143001• Anand: Office No. 05, 2nd
Floor, Royale Citadel, Keval Bungalow Society, V. V. Nagar Road, Anand – 388001. •Anantapur: 18-69, 4th Floor, Ganesham Enclave, Uma Nagar, Old Town,
Anantapur - 515 001.• Ankleshwar: Shop No. 7, 1st Floor, Roshani Plaza, GIDC, Ankleshwar - 393 002. •Anna Nagar: Sree Sastha Tower, 1st Floor, Plot No-868,
New No.13, J-Block, 17th Main Road, Anna Nagar West - 600 040• Asansol: Shree Vishal Plaza, 1st. Floor, G T Road, Asansol - 713 303• Aurangabad: Shop No.
101 & 102, 1st Floor, Super Market, Nirala Bazar, Aurangabad - 431001 • Bangalore: # 9/3, Ground Floor, Nitesh Broadway, MG Road, Bangalore - 560001•
Bangalore: Ground Floor, No. 60/4, 32nd C Cross Road, 4th Block Jayanagar, Bangalore – 560011 • Bankura : GOURAB, 1st Floor, 80/1/A, Nutanchati Bankura,
Bankura -722 101. • Bareilly : 3rd Floor, Dashmesh Tower, Near SBI Building, StationRoad, Civil Lines, Bareilly - 243001 • Baroda: A1 Smeet, 2nd Floor, Sarabhai
Campus, Near Genda Circle, Gorwa Road, Vadodara- 390023• Ballari: Nama Arcade, No.9/A, 3rd Floor Parvathi Nagar Main Road, Ballari-583 101.• Belgaum:
No. 14, 2nd floor, Shri Krishna Towers RPD Cross, Khanapur Road Tilakwadi, Belgaum – 590006 •Bhadrak : Das & Das Complex, 1st Floor, By Pass Road,
Opposite to Vishal Mega Mart, Chhapulia, Bhadrak -756100• Bhagalpur: 1st Floor, Angar Complex, Near Ajanta Cinema, Patal Babu Road, Bhagalpur – 812 001
• Bharuch: 205, 2
nd
Floor, Nexus Complex, Above Dhiraj & Sons, Zadeshwar Road, Bharuch - 392 001 • Bhatinda: Ground Floor, MCB Z-3/3228, Opposite Small
Capital Finance Bank Near Tinkoni Chowk, G.T Road, Bhatinda -151 001. • Bhavnagar: 1st Floor, Plot No. 2110/B, Sumeru Elite, Opposite Custom Office,
Parimal Chowk, Off. Waghawadi Road, Bhavnagar - 364001 • Bhillai : 81, Commercial Complex, Nehru Nagar(East), Bhillai – 490 020• Bhilwara: 203-204, 2nd
Floor, Govindam, Old R.T.O. Road, Bhilwara – 311001. • Bhopal: 2nd Floor, Prem Kamala Tower, Plot No. 82, MP Nagar, Zone - II, Ward No. 45, Inside Main
Road, Tehsil Huzur, Bhopal - 462 011• Bhubaneswar: 1st Floor, 96, Unit III, Kharvel Nagar, Janpath- 751 001 • Bhuj – Kutch: 2nd floor, Office No. 202,203, Trishla
Arcade, Survey no. 249/2, Plot No. 01, Above SBI NRU Bank, near Jubilee Ground, Bhuj - 370 001•Bikaner: 13rd Floor, Parshavnath Plaza, Rani Bazar, Bikaner
- 334 001 •Bilaspur: 1st Floor, A3 Building, Vyapar Vihar Road, Village Talapara, Ward No. 9, Bilaspur - 495001. • Bokaro Steel City - Plot No. HB - 09, City
Centre, Sector - 04, Bokaro Steel City - 827 004 •Burdwan: 1st Floor, R. G. Bhawan, Parbirhata, P.O. – Sripally, Burdwan -713103.• Calicut: Door No. 63/3053,
2nd Floor, Noble Tower, Above SBI, Mavoor Road, Opposite New Sagar Hotel, Calicut - 673 004• Chandigarh SCO: 2423-2424, Ground Floor, Sector 22C,
Chandigarh – 160 022 • Chhattisgarh : 1
st
Floor, Corporate Avenue, Plot No. 93, Indira Commercial & Residential Complex, Transport Nagar, Kobra – 495 677
• Chennai - 2nd Floor, 2/3, G.V. Towers, Melakkal Main Road, Near Passport Office, Madurai – 625 016 • Chennai - Arcade Centre, No: 110/1, 3rd floor,
Uthamar Gandhi Salai (formerly Nungambakkam High Road), Nungambakkam, Chennai - 600 034 • Cochin: A, 3rd Floor, Chammany Chambers, Kaloor-
Kadavanthra Road, Kaloor P.O., Cochin -682017• Coimbatore: 739, First Floor, Sri Ram Towers, Avinashi Road, Opposite Indian Oil Petrol Bunk, Near Anna
Salai Junction, Coimbatore - 641 018 • Cuttack: Gopal Bhawan, Oppsite BSNL Office, Buxi Bazar, Cantonment Road, Cuttack – 753001 • Darbhanga: 1st Floor,
Opposite ICICI Bank, Main Road, Laheriasarai, Darbhanga - 846 001 • Dehradun: Shop No. 3, 4 and 5, 3rd Floor, M. J. Tower, Plot No. 235/413, Rajpur Road,
Dehradun - 248 001 • Delhi: Ground Floor, Space No.12, Vijaya Building, 17 Barakhamba Road, New Delhi – 110 001.•Deoghar: 2nd Floor, Indralok Complex,
Near Tower Chowk, B. Deoghar – 814 112• Davanagere – 2nd Floor, VHV Heights, Hadadi Road, Davanagere - 577002. • Dhanbad: Shop No-202 2nd Floor
Shriram Plaza Bank More Dhanbad-826001 •Dhule: 1 C + D, 1st Floor, Mundada Heights, Lane No. -06, Above Reliance Smart Point, Parola Road, Dhule-
424001.• Durgapur: Unit No. 4/24 & 4/23, 4th Floor, Suhatta, City Centre, Durgapur – 713216. • Erode: 1st Floor, Akhil Plaza, Perundurai Rd, near
Sathyamurthy Hospital, Erode, Tamil Nadu 638011. • Faridabad: 1st Floor, Above IDBI Bank, SCO – 99, Sec – 16, Faridabad – 121 002• Firozabad: 1
st
floor,
266/267, Agra Gate, New Basti, Firozabad – 283 203 • Gandhidham: Office No. 1, 1st Floor, Aum Corner, Plot No. 336/337/343, Ward No. 12-B, Near Banking
Circle, Gandhidham - 370 201. Gandhinagar: 303/A, Plot No. – 11, 3rd Floor, White House, Near HP Petrol Pump, Sector – 11, Opposite Vidhan Sabha,
Gandhinagar - 382010. • Ghaziabad : 1st Floor, C-78 & C-79, Raj Nagar District Centre (RDC), Raj Nagar, Ghaziabad - 201 002.• Goa: First Floor, 101, Anand
Chambers, F.L. Gomes Road, Vasco - 403 802.• Gorakhpur : 3rd Floor, A.D. Tower, Bank Road, Gorakhpur - 273 001. • Guntur: 1st Floor, Nandini Plaza,14/1,
Arundalpet, Guntur -522 001• Gurgaon: Unit no. 301 & 301 A, 3
rd
Floor, Platina Tower, M.G. Road, Gurgaon – 122022 • Guwahati: 5th Floor, Sureka Square,
Lachit Nagar, Near Hanuman Mandir, G.S. Road, Guwahati - 781 007. • Gwalior: Ground Floor, Orion Tower, City Center, Gwalior – 474011• Haridwar - 2nd
Floor, Municipal No. 397/323/2, Avas Vikas Colony, Delhi Road Scheme Haridwar, Pargana-Jawalapur, Haridwar- 249 407 • Himmatnagar: Office No.
107,108,109, 1st Floor, Shivam Orbit, Near Shri S.S. Mehta Arts & Shri M.M. Patel Commerce College, Shamlaji Highway, Motipura, Himmatnagar - 383 001.•Hissar:
1
st
Floor, S.C.F 85 & 86, Red Square Market, Hisar 125 001Hooghly - Ground Floor, 81 N.S Road, Serampore, Hooghly - 712 201 •Hosur: First Floor, Opp.
Ramakrishna School, Denkanikotta Road, Hosur - 635 109.• Hubli: 1st Floor, Kalburgi Emerald, Girls High School Road, Deshpande Nagar, Hubli - 580029•
Hyderabad: H. No. 1-98/2/11/3, 1st Floor, Shrishti Towers, Madhapur, Hyderabad, Telangana – 500 081. • Hyderabad - 2nd & 3rd Floor, Bhupal Towers, 6-3-
1090 /A/ T-2 & part of 6-3-1090 /A/S-1, Raj Bhavan Road, Hyderabad - 500082 Indore: Benchmark Business Park, 5th Floor, Block No. A-3, Scheme No.54,
PU4, Opposite Satya Sai School, Vijay Nagar, Indore – 452010. • Indore - Khandelwal Business Park 2, 2nd Floor, Unit No. 202, 9, M.G. Road, Indore - 452001•
Jabalpur: Plot No. 131, House No. 915, (New) Mouza Subhash Nagar, Wright Town Extension, Subhadra Kumar Chouhan Ward, Near Shastri Bridge, Old Bus
Stand Model Road, Jabalpur, Madhya Pradesh – 482 001 •Jaipur: G-2, Ground Floor, Anukampa Fountain Heights, Subhash Marg, C - Scheme, Jaipur - 302001•
Jalandhar: Ground Floor, SCO NO 40-C, PUDA Complex, Opposite Tehsil Complex, Jalandhar -144 001 • Jalgaon: Ground Floor,Geetai Villa,Shop no 1, Jai Nagar,
Opp Omkareshwar Temple, Jalgaon - 425002 • Jammu : Shop no 105, 1st Floor North Block, Bahu plaza, Jammu-180004 •Jammu: Guru Nanak Institute,
NH-1A, Udhampur, Jammu - 182 101.• Jamnagar: 2nd Floor, Office No. 201, 202, 203, 204, Platinum Joggers Park, Park Colony, Jamnagar - 361 008•
Jamshedpur: 1st Floor, Shanti Hari Abasan, 1G, Inner Circle Road, Bistupur, Jamshedpur - 831001 • Jalgaon : 2nd Floor, City Centre, Office No. 1,2,3 and 4,
CTS 2125/9, Jalgaon - 425 001 • Jalpaiguri – 1st Floor, Cosmos Arcade, DBC Road, Beside Axis Bank, Jalpaiguri - 735 101 •Janakpuri - 1st Floor, B1- 26-27,
Community Centre, Janakpuri, New Delhi – 110058 • Jhansi: 2nd Floor, City Plaza, Elite Plaza Road, Above Axis Bank, Civil Lines, Jhansi - 284 001.• Jodhpur:
KK.Plaza II nd Floor, Sardarpura Ist B Road, Jodhpur (Raj.) 342003 •Kadapa: 2nd Floor, Above HDFC Bank, Mareddy Ananda Reddy Towers, R. S. Road, Kadapa –
516 001• Kalyan- Shop no 5 & 6 Ground Floor, Vikas Heights,Next to NKGSB Bank, Santoshimata Road, Kalyan (W), Maharastra - 421301• Kangra: First Floor,
SS Tower, Dharamshala Road, Village Birta, P.O. Ghurkari, Kangra- 176001• Kanpur: 114/113,Kan chambers,office No. 103-106,Civil Lines,Kanpur-208001
•Kannur: 3rd Floor, Grand Plaza, Room # TV - 33/362 Z-3, Fort Road, Kannur - 670 001• Karimnagar - 3-1-9,10, Y. V. Reddy Centre, 2
nd
Floor, CVRN Road,
Opposite Veterina Hospital, Karimnagar - 505 001• Karnal: Ground Floor, DSS No. 212, Sector 12, Karnal - 132 003.• Kestopur (w.e.f March 01, 2017) : Shop
No 7, Block 5 , Clubtown, VIP Road, Tegharia, Kolkata - 700052. • Kharagpur: 4
th
Floor, Atwals Real Estate, Opposite Kharagpur College, H.P Petrol Pump, O.T.
Road, Kharagpur – 721 305, West Bengal • Kolhapur : First Floor, Jaduban Plaza F-3, Shahupuri, Bhaskarrao Jadhav Chowk, Near Panch Bungalows, Kolhapur
- 416 001. • Kolkata: Ground Floor, Industry House, 10, Camac Street, Kolkata - 700 017 • Kolkata: Indian Chamber of Commerce, 2nd Floor, ICC Tower, 4,
India Exchange Place, Dalhousie, Kolkata - 700 001.• Kota: 2nd Floor, 1A1, Vallabh Nagar Circle, Rawatbhata Road, Kota – 324007• Kumbakonam: No. 677/2,
Ground Floor, Saragapani South Street, Kumbakonam- 612 001, Tamil Nadu• Kottayam: Door No. IV/278-B1, 1st Floor, Vetteel Estate, Above State Bank of
India – Kanjikuzhy Branch, KK Road, Kanjikuzhy,Kottayam - 686 004• Kollam: 2nd Floor, A Narayana Business Centre, Kadappakkada, Kollam - 691 008. •
Lucknow: 103-B, 1st Floor,Shalimar Square,Lalbagh, Lucknow-226001 • Ludhiana: Apra Tower, Ground and First Floor, SCO 130-132, Feroze Gandhi Market,
Ludhiana -141001 •Mahbubnagar: No. 1-3-110/A, Opposite Harmony Arcade, Near Srinivas Reddy Hospital, Rajendra Nagar, New Town, Mahbubnagar - 509
001. • Malappuram : 1st Floor, Perumbally Tower, Near AUP School, Up Hill Road, Malappuram - 676 505. • Malda: Krishna Bhawan, 1st Floor, Sukanta More
(420 More), Near ICICI Bank, Malda - 732 101 • Mathura: 1st Floor, Tera Tower, Bhuteshwar Road, Mathura - 281 004. • Mangalore: 2nd Floor, Kayarmanj
Building, M G Road, Ballalbagh ,Kodialbail, Mangalore – 575 003 • Margao: Ground Floor,Shop No.7 & 8, Colaco Building,Abade Faria Road,Margao-Goa,403601
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 90
• Meerut: 2
nd
floor, Paras Tower, Mangal Pandey Nagar, Meerut - 250 001.• Moradabad: Near Hotel Rajmahal,Infront of Dr P K Das,Civil Lines,Moradabad-244001
• Mumbai – Andheri: 1st Floor, Kohli Villa, S.V. Road, Opposite ICICI Bank, Andheri (West), Mumbai - 400 058. • Mumbai - Borivali: Jayesh Apartment, Shop
No 2 & 3, Ground Floor, Opp. Standard Chartered Bank, Near Shyamaprasad Mukherjee Garden, Chandarvarkar Road, Borivali (West), Mumbai - 400092. •
Mumbai - Ghatkopar: Shop No. 9 & 10, Neelkanth Regent, R D Narkar Marg, Ghatkopar (East), Mumbai - 400 077. • Mumbai (IH): Industry House, 1st Floor,
Churchgate Reclamation, Mumbai 400 020 • Mumbai (IB): One World Bulls Center, Tower 1, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg,
Prabhadevi, Mumbai- 400013• Muzaffarnagar : 1
st
Floor, Khasra No. 1175, Beside HDFC Bank, Kambal Wala Bagh, Jansath Road, Muzaffarnagar – 251 001•
Muzzaffarpur : 2nd Floor, Sabita Complex, Opposite MDDM College, Club Road, Mithanpura, Muzaffarpur - 842002.• Mysore: 927, 2nd Floor, 6th Main Road,
New H N R Avenue, Kantharaja Urs Road, Saraswathipuram, Mysore – 570 009 • Nadiad: Shop No. 202 – 203, 2nd Floor, Palladium Plaza, Nr. Mahagujarat
Hospital, Opp. Kheta Talav, Nadiad – 387 001 • Nagpur: Genesis Square, Plot no. 72, Near Kotak Bank, Shankar Nagar, WHC Road, Nagpur- 440 010. •Nainital:
U 9B, Upper Ground Floor, Durga City Centre, Opposite Addiction Gym, Haldwani, Nainital - 263 139. • Nanded- Shop #12, 1
st
Floor, Sanman Prestige, Opposite
Railway Station, Nanded - 431 601 • Nasik: Office #G-3, Ground Floor, Suyojit Heights, Opp. Rajiv Gandhi Bhavan, Sharanpur Road, Nashik - 422 002. • Navsari:
103, 1st floor, Swiss Cottage, Asha Nagar Main Road, Navsari - 396 445. •Nellore: 15/320, 2nd Floor, KCV Spectrum, Brindavanam, Nellore, Andhra
Pradesh 524001.• New Delhi: 2nd, 3rd & 4th Floor of Ghansham House, Plot no. 25, Nehru Place, New Delhi - 110019• Noida: 509, 5th floor, Chokhani
Square, Sector-18 , Noida - 201 301. • Palakkad - Second Floor, Aradhana Arcade, Kunnathurmedu, Kalmandapam, Palakkad, Kerala - 678013 •
Panipat: First Floor, Opposite Suvidha Store, Khasra No. 3735/1, Khewat No. 577 G.T Road, Near Gohana Chowk, Panipat - 132 103.• Panjim: Shop #.101
/102, 1
st
Floor, Milroc Lar Menezes, Swami Vivekanand Road, Opposite Old Passport Office, Panaji – 403001 • Patiala: 1st Floor, B-21/567, Nabha Gate, Patiala
-147001• Patna: Shop No UG 1 & 2, Kaushalya Estate, Bandar Bagicha, near Dak Bangla More, Patna – 800001 • Pimpri: Shop No.3, Ground Floor, MSR
Capital, Morwadi, Pimpri Chinchwad, Pimpri - 411 018• Pitampura - Unit no. 203-206, 2
nd
Floor, P. P. Tower – 2, Netaji Subhash Place, Pitampura – New Delhi
– 110 034..• Pondicherry: First Floor, No. 66, JSV Building, 100 Feet Road, Ellapillaichavady, Pondicherry – 605 005.• Pune: 1st floor, Signature Complex, Opp.
Golwilkar Metropolis Health Service, Bhandarkar Road, Pune - 411 004. •.Pune : 1st floor, Signature Complex, Opp. Golwilkar Metropolis Health Service,
Bhandarkar road, Pune- 411004 • Raipur: 4th Floor, Sky Park, Adjacent to G. E. Road, Ravi Nagar, Raipur - 492 001• Rajahmundry No. 46-17-12, 1st Floor,
Kilari Enclave, Danavaipet, Rajahmund - 533 103 • Rajkot: Office No. 101, 1st Floor, The Imperia, Near Limbda Chowk, Opposite Shastri Maidan, Rajkot –
360 001 • Ranchi: 3rd Floor, Saluja Tower, P. P. Compound, Ranchi – 834001 •Rohtak: 2nd Floor, Plot No. 120-121, Bank Square, Delhi Road, Opp. Manya
Tourism, Rohtak - 124 001.• Rourkela: Unit No.4, 1st Floor, Adarsh Corner, Plot No. 12/Plot No.3, Village Karanje, Radhika Road, Satara - 415 002. • Saharanpur
- 2A/2390, 1st Floor, Mohalla Ram Nagar, Pathanpura, Near Clock Tower, Dehradun Road, Saharanpur - 247 001• Sagar: Ground Floor, Near Muthoot Finance,
Katra Ward (Anya Marg), Opp. Deluxe Petrol Pump, Gujarati Bazar, Station Road, Sagar - 470 002.• Salem: Ground Floor, Kandaswarna Mega Mall, Block- B,
Saradha College Road, Fairlands, Salem - 636016• Sambalpur – 1st Floor, Harichitra Tower, Plot No- 1792/3923, Unit- 5, Near AIR Colony, VSS Marg,
Sambalpur - 768001• Sangli: Office No.1, First Floor, Signature Building, Behind Domino's Pizza, Sangli-Miraj Road, Sangli - 416416. •Satara: Unit No.4, 1st Floor,
Adarsh Corner, Plot No. 12/Plot No.3, Village Karanje, Radhika Road, Satara - 415 002. •Satna: 2nd Floor, Vidhya Tower, Bharhut Nagar, Satna – 485 001.• Shillong:
2
nd
Floor, Goenka Tower, Morellow Complex, Keating Road, Shillong - 793001.• Shimla: Sood Complex, Opposite Mela Ram Petrol Pump, Tara Hall, Circular Road,
Shimla - 171003 • Shimoga: 1st Floor, Sree Karthik Plaza, Durgigudi Main Road, Opposite to Lakshmi Galaxy, Shimoga - 577 201 •Siliguri: 1st Floor, Saturn’s,
Sevoke Road, P.O. & P.S. - Siliguri, District - Darjeeling - 734 001• Solapur: 1st Floor, Office no. 83/D/1, CTS No. 8336/D/1, H. R. Heights, Solapur Railway Lines,
Solapur - 413 001.• Sri Ganganagar: Plot No. 71, 2nd Floor, Vidhya Tower, E Block, Gaushala Road, Sri Ganganagar – 335 001. • Surat: HG-5, International
Trade Center, Majura Gate Crossing, Ring Road, Surat - 395 002. • Thane: Konark Tower Ground Floor, Shop 13 - 15, Ghantali Road, Thane (W), Thane –
400602 • • Tinsukia: 1st Floor, L.N. Jalan Complex, G. N. B. Road, Tinsukia – 786 125 • Tirunelveli : 1
st
Floor, 1/4 South Bye Pass Road, Vannarapettai,
Palayamkottai, Tirunelveli - 627 003 Tirupati: 1st Floor, Elite Plaza, D. No. 160, AIR Bypass Road, New Balaji Colony, Tirupati – 517 501• Thiruvalla: 1st Floor,
Pulimuttathu Building, Door No. 185/11, Muthoor P O, Ramanchira, Thiruvalla - 689 107.• Thrissur: Door No. 52/825/25, 2nd Floor, Ansari Complex,
Kunnamkulam Road, West Fort, Thrissur - 680 004• Trichy: 1st Floor, Vignesh Aradhana, 16, Shop 2 & 3, Sastri Road, Tiruchirapalli - 620 017.• Trivandrum:
Unit no. 301 & 301 A, 3rd Floor, Platina Tower, M.G. Road, Gurgaon – 122022 • Udaipur: 1st Floor, Manohar Heights, 16- C, Bank Street, Madhuban, Udaipur
- 313 001 • Valsad: 1st Floor, Mahadev Niwas, Opposite Doctor House, Halar Road, Valsad – 396 001.• Vapi: 145-146 Tirupati Plaza Chala Road, VAPI 396191.
• Ujjain: Excel Tower, 1st Floor, 6 Kamla Nehru Marg, Above IDBI Bank, Freeganj, Ujjain - 456 010. • Varanasi: Arihant Complex, 3rd Floor,D-9/127 C-
4,Sigra,Varanasi-221002 • Vashi: Shop No. 5 & 6, Ground Floor, Om Rachana CHS, Sector 17, Vashi, Navi Mumbai - 400 703 Vellore: Ground Floor, No 23/2,
Registrar Periyasamy Mudallyar Street, Sankaranpalayam, Vellore - 632 001 • Vijayawada: 3rd Floor, 40-1-52C, Achaa Ranga Nagar, M.G. Road, Near Benze
Circle, Vijayawada -520 010• Andhra Pradesh: 5
th
floor, Navaratna Trade Centre Siripuram Junction, Visakhapatnam – 530 003.• Warangal - 1-7-1419/21/22/23,
1st Floor, SVA Plaza, Near HP Petrol Bunk, Balasamudram, Hanamkonda, Warangal - 506001.• Yamuna Nagar: First Floor, SCO 181-182, HUDA Market,
Sector 17, Jagadhri, Yamuna Nagar - 135 001 .
ADDRESS OF CAMS CENTERS
Andaman and Nicobar Islands : 35, Behind Hotel Haywizz, M.A. Road, Phoenix Bay, Port Blair - 744 102 • Agra : No. 8, II Floor, Maruti Tower, Sanjay
Place Agra - 282 002 • Ahmedabad : 402-406, 4th Floor - Devpath Building Off C G Road Behind Lal Bungalow Ellis Bridge Ahmedabad 380 006 • Agartala
: Nibedita 1st floor, J.B. Road, Palace Compound, Agartala, Near Babuana Tea and Snacks, Tripura (West) - 799 001 • Ahmednagar : Office No. 3, 1st Floor, Shree
Parvati, Plot No. 1/175, Opp. Mauli Sabhagruh, Zopadi Canteen, Savedi, Ahmednagar - 414 003. • Ajmer: AMC No. 423/30, Near Church Brahampuri Opp. T B
Hospital, Jaipur Road, Ajmer - 305001. • Akola : Opp. RLT Science College Civil Lines Maharashtra Akola 444001 • Aligarh : City Enclave, Opp.d Kumar Nursing
Home Ramghat Road U.P. Aligarh 202001 • Allahabad : No.7 Ist Floor Bihari Bhawan 3, S.P. Marg, Civil Lines Allahabad 211001 • Alleppey: Doctor's Tower Building,
Door No. 14/2562, 1st floor, North of Iorn Bridge, Near Hotel Arcadia Regency, Allppey, Kerala - 688 001. • Alwar : 256A, Scheme No:1, Arya Nagar Alwar 301001 •
Amaravati : 81, Gulsham Tower, 2 Floor Near Panchsheel Talkies Amaravati 444601 • Ambala: Shop No.4250, Near B D Senior Secondary School, Ambala Cantt,
Ambala Haryana – 133001• Amreli:B 1, 1st Floor, Mira Arcade, Library Road, Opp. SBS Bank, Amreli - 365 601..• Amritsar : 3rd Floor, Bearing Unit No - 313, Mukut
House, Amritsar - 143 001• Anand : 101, A.P. Tower, B/H, Sardhar Gunj Next to Nathwani Chambers Anand 388001 • Ankleshwar : Shop No - F - 56, First Floor,
Omkar Complex, Opp. Old Colony, Nr Valia Char Rasta, GIDC, Ankleshwar, Gujarat - 393002 • Andheri : 351, Icon, 501, 5th Floor, Western Express Highway, Andheri
East, Mumbai - 400 069. • Angul: Similipada, Near Siddhi Vinayak +2 Science College, Angul - 759 122. • Arrah: Old NCC Office, Ground Floor, Club Road, Arrah -
802 301. • Arambagh: Ward No. 5, Basantapur More PO Arambagh, Hooghly, Arambagh - 712 601. West Bengal • Asansol : Block – G 1 Floor P C Chatterjee Market
Complex Rambandhu Talab P O Ushagram Asansol 713303 • Anantapur : AGVR Arcade, 2nd Floor, Plot No.37(Part), Layout No.466/79, Near Canara Bank,
Sangamesh Nagar, Anantapur -515 001 • Aurangabad: (w.e.f – 22-Jul-17) 2nd Floor, Block No. D, 21-D-22, Motiwala Trade Center, Nirala Bazar, New Samarth
Nagar, Opp. HDFC Bank, Aurangabad – 431001 •Bagalkot: Shop No. 2, 1st floor, Shreyas Complex, Near Old Bus Stand, Bagalkot - 587 101.• Balasore : B C Sen
Road Balasore - 756001 • Bangalore: First Floor, 17/1, (272) 12th Cross Road, Wilson Garden, Bangalore - 560 027.• Bangalore : Trade Centre, 1st Floor 45,
Dikensen Road (Next to Manipal Centre) Bangalore - 560 042 • Barasat: N/39, K.N.C Road, 1st Floor, Shrikrishna Apartment (Behind HDFC Bank Barasat Branch
), PO and PS - Barasat, District - 24PGS (North) - 700 124 • Bareilly* : D-61, Butler Plaza, Civil Lines, Bareilly- 243001• Basti Office no 3, Ist Floor, Jamia Shopping
Complex, (Opposite Pandey School), Station Road, Basti- 272002.Uttar Pradesh • Belgaum (w.e.f. 16-Dec-2017) : Classic Complex, Block No. 1 04, 1st Floor,
Saraf Colony, Khanapur Road, Tilakwadi, Belgaum - 590006.• Bellary: 18/47/A, Govind Nilaya, Ward No. 20, Sangankal Moka Road, Gandhinagar, Bellary - 583
102.• Berhampur: Kalika Temple Street, Ground Floor, Beside SBI Bazar Branch,Berhampur - 760 002• Bhagalpur* : Ground Floor, Gurudwara Road, Near Old Vijaya
Bank, Bhagalpur - 812 001. • Bharuch : A-111, First Floor, R K Casta, Behind Patel Super Market, Station Road, Bharuch - 392 001. • Bhatinda* : 2907 GH, GT Road,
Near Zila Parishad, Bhatinda - 151001 • Bhavnagar : 305-306, Sterling Point Waghawadi Road OPP. HDFC BANK Bhavnagar - 364002 • Bhilai: First Floor, Plot
No. 3, Block No. 1, Priyadarshini Parisar West, Behind IDBI Bank, Nehru Nagar, Bhilai - 490020. • Bhilwara : C/o Kodwani & Associates F-20-21, Apsara Complex
Azad Market Bhilwara 311001 • Bhopal: Plot No. 10, 2nd Floor, Alankar Complex, Near ICICI, Bank, M. P. Nagar, Zone II, Bhopal - 462 011. • Bhubaneswar : Plot
No. 501/1741/1846, Premises No.203, 2nd Floor, Kharvel Nagar, Unit-3, Bhubaneswar-751 001 • Bhusawal : Adelade Apartment, Christain Mohala, Behind Gulshan-
E-Iran Hotel, Amardeep Talkies Road, Bhusawal – 425201 • Bhuj Office No. 4-5, First Floor, RTO Relocation Commercial Complex - B, Opp. Fire Station, Near RTO
Circle Bhuj-Kutch - 370 001.• Biharsharif : R&C Palace, Amber Station Road, Opp Mamta Complex, Bihar Sharif (Nalanda) - 803101 • Bikaner : 1404,Amar Singh
pura, Behind Rajasthan patrika In front of Vijaya bank, Bikaner - 334001• Bilaspur :Shop No. B - 104, First Floor, Narayan Plaza, Link Road, Bilaspur (C.G) 495001.
• Bolpur: 1
st
Floor, Bhubandanga, Opposite Shiv Shambhu Rice Mill, Bolpur – 731204• Bijapur: No. 9, 1st floor Gajanan Complex, Azad Road Karnataka, Bijapur-
586 101• Bokaro : 1st Floor, Plot No. HE-7, City Centre, Sector 4, Bokaro Steel City, Bokaro – 827 004 • Bongaigaon , - G.N.B. Road, Bye Lane, Prakash Cinema,
PO & Dist. Bongaigaon - 783380. • Burdwan : 399 G T Road, Basement of Talk of the Town Building, Burdwan - 713 101 • Silchar: House No. 18B, 1st Floor, C/o.
Lt. Satyabrata Purkayastha, Opposite to Shiv Mandir, Near Sanjay Karate Building, Near Isckon Mandir, Ambicapatty, Silchar -788 004.• Calicut : 29/97G 2nd Floor,
S A Arcade, Mavoor Road, Arayidathupalam, Calicut 673001 • Chandigarh : Deepak Towers SCO 154-155, 1st Floor Sector 17-C Chandigarh 160 017 • Chandrapur:
Opp Mustafa Decor, Near Bangalore Bakery, Kasturba Road, Chandrapur - 442 402. • Chattisgarh: KH. No. 183/2G, Opposite Hotel Blue Diamond, T.P. Nagar,
Korba - 495677 • Chennai : Ground Floor No.178/10, Kodambakkam High Road Opp. Hotel Palmgrove Nungambakkam Chennai 600 034 • Chennai – 600097 •
Chennai : III Floor, B R Complex, No.66, Door No. 11A, Ramakrishna Iyer Street, Opp. National Cinema Theater, West Tambaram, Chennai - 600 045.• Chhindwara:
2nd Floor, Parasia Road, Near Surya Lodge, Sood Complex, Above Nagpur CT Scan, Chhindwara - 480 001 . • Chittorgarh : 3 Ashok Nagar, Near Heera Vatika,
Chittorgarh - 312001 • Cochin: Modayil, Door No.: 39/2638 DJ, 2nd Floor, 2A, M. G. Road, Cochin - 682 016. • Coimbatore : No. 1334, Thadagam Road,
Thirumoorthy Layout, R.S. Puram, Behind Venkteswara, Bakery, Coimbatore - 641 002. •Cooch Behar: N.N.Road, Power House Choupathi, Cooch Behar -
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 91
736 101.• Cuttack : Near Indian Overseas Bank Cantonment Road Mata Math Cuttack 753001 • Davenegere : 13, Ist Floor, Akkamahadevi Samaj Complex Church
Road P.J.Extension Devengere 577002 • Dehradun : 204/121 Nari Shilp Mandir Marg Old Connaught Place Dehradun 248001 • Dharmapuri : 94, Kandasami
Vathiyar Street, Near Municipal Office, Dharmapuri - 636 70 • Darbhanga : Ground Floor, Belbhadrapur, Near Sahara Office, Laheriasarai Tower Chowk, Laheriasarai,
Darbhanga-846001• Deoghar : S S M Jalan Road, Ground floor, Opp. Hotel Ashoke, Caster Town, Deoghar - 814112 • Dhanbad : Urmila Towers Room No: 111(1st
Floor) Bank More Dhanbad 826001 • Dhule: House No. 3140, Opp. Liberty Furniture, Jamnalal Bajaj Road, Near Tower Garden, Dhule – 424001 • Dibrugarh: Amba
Complex, Ground Floor, H S Road, Dibrugarh - 786 001. • Dimapur: MM Apartment, House No - 436 (Ground Floor), Dr. Hokeshe Sema Road, Near Bharat Petroleum,
Lumthi Colony, Opposite T.K Complex, Dimapur - 797 112.• Durgapur: Plot No 3601, Nazrul Sarani, City Centre, Durgapur – 713 216 • Eluru: No. 22b-3-9, Karl Marx
Street, Powerpet, Eluru - 534 002.•
: 197, Seshaiyer Complex Agraharam Street Erode 638001 • Faridhabad : B-49, Ist Floor Nehru Ground Behind Anupam Sweet House NIT Faridhabad 121001 •
Faizabad: 1/13/196, A, Civil Lines, Behind Triupati Hotel, Faizabad - 224 001 • Gandhidham: Shyam Sadan, 1st Floor, Plot No. 120, Sector 1/A, Gandhidham -
370201• Firozabad: 53, 1st Floor, Shastri Market, Sadar Bazar, Firozabad - 283 203 • Gandhinagar–507, 5th Floor, Shree Ugati Corporate Park, Opp Pratik
Mall, Nr HDFC Bank, Kudasan, Gandhinagar – 382 421..•Gangtok: House No. GTK /006/D/20(3), Near Janata Bhawan, D.P.H.Road, Gangtok-737 101• Gaya: C/o
Sri Vishwanath Kunj, Ground Floor, Tilha Mahavir Asthan, Gaya - 823 001..• Ghaziabad: 1st Floor, C-10 RDC Rajnagar, Opposite Kacheri Gate No. 2, Ghaziabad,
Pin - 201 002..• Goa: Office No. 103, 1st Floor, Unitech City Centre, M.G. Road, Panaji - 403 001..• Goa: No. DU 8, Upper Ground Floor, Behind Techoclean Clinic,
Suvidha Complex, Near ICICI Bank, Vasco da gama Goa - 403 802 • Godhra: 1st Floor, Prem Praksh Tower, B/H B.N. Chambers, Ankleshwar, Mahadev Road,
Godhra – 389001 • Gondal: A/177, Kailash Complex, Opp. Khedut Decor, Gondal – 360 311 • Gorakhpur : Shop No. 5 & 6, 3rd Floor, Cross Road The Mall, A D
Tiraha, Bank Road, Gorakhpur - 273 001.• Gulbarga : Pal Complex, Ist Floor, Opp. City Bus Stop, Super Market, Gulbarga - 585101• Guntur : D No. 31-13-1158, 1
st
Floor, 13/1 Arundelpet, Ward No. 6, Guntur – 522 002 • Guntur : Door No 5-38-44 5/1 BRODIPET Near Ravi Sankar Hotel Guntur 522002 • Gurgoan : Unit No. 115,
First Floor, Vipul Agora Building, Sector-28, Mehrauli Gurgaon Road, Chakkar Pur, Gurgaon - 122 001• Guwahati (w.e.f. 1-Aug-17): Piyali Phukan Road, K. C. Path,
House No – 1, Rehabari , Guwahati – 781 008• Gwalior : 1 Floor, Singhal Bhavan Daji Vitthal Ka Bada Old High Court Road Gwalior 474001 • Haldia* : Mouza-
Basudevpur J.L. No. 126, Haldia Municipality, Ward No. 10, Durgachak, Purba Medinipur, Haldia - 721602• Hazaribag : Municipal Market, Annanda Chowk,
Hazaribagh – 825301 • Howrah: Gagananchal Shopping Complex, Shop No.36 (Basement), 37,Dr. Abani Dutta Road, Salkia, Howrah – 711106 • Haldwani : N K
Tower, 3rd floor Pili Kothi, Kala Dungi Road, Haldwani, Nainital - 263 139• Haridwar: F-3, Hotel Shaurya, New Model Colony, Haridwar, Uttarkhand – 249408 •
Hassan: Pankaja, 2nd Floor, Near Hotel Palika, Race Course Road, Hassan - 573 201 • Hoshiarpur : Near Archies Gallery, Shimla Pahari Chowk, Hoshiarpur –
146001• Himmatnagar : Unit No. 326, Third Floor One World - 1, Block – A Himmatnagar - 383001., Himmatnagar – 383001 • Hisar : 12, Opp. Bank of Baroda Red
Square Market, Hisar – 125001• Hosur : Survey No. 25/204, Attibele Road, HCF Post, Mathigiri, Above Time Kids School, Opposite to Kuttys Frozen Foods, Hosur -
635 110 • Hubli : No. 204 - 205, 1st Floor, ' B ' Block, Kundagol Complex, Opp. Court, Club Road, Hubli – 580029 • Hyderabad : 208, II Floor Jade Arcade Paradise
Circle Secunderabad 500 003 • Hyderabad : No. 15-31-2M-1/4, 1st Floor, 14-A, MIG KPHB Colony, Kukatpally, Hyderabad – 500 072 • Indore : 101, Shalimar
Corporate Centre 8- B, South tukogunj, Opp.Greenpark Indore 452 001 • Jabalpur : 8, Ground Flr., Datt Towers, Behind Commercial Automobiles, Napier Town,
Jabalpur - 482001. • Jaipur : R-7, Yudhisthir Marg ,C-Scheme Behind Ashok Nagar Police Station Jaipur 302001 • Jalandhar : 144, Vijay Nagar, Near Capital Small
Finance Bank, Football Chowk, Jalandhar City – 144001• Jalpaiguri: Babu Para, Beside Meenaar Apartment, Ward No VIII, Kotwali Police Station, Jalpaiguri -
735101 • Jalgaon : Rustomji Infotech Services 70, Navipeth Opp. Old Bus Stand Jalgaon 425001 • Jalna :Shop No. 6, Ground Floor, Anand Plaza Complex, Bharat
Nagar, Shivaji Putla Road, Jalna - 431 203.• Jammu : JRDS Heights, Lane Opp. S&S Computers, Near RBI Building, Sector 14, Nanak Nagar Jammu - 180004 •
Jamnagar: 207, Manek Centre, P N Marg, Jamnagar - 361 001.• Jamshedpur : Millennium Tower, “R” Road Room No:15 First Floor, Bistupur Jamshedpur 831001
• Jaunpur: Gopal katra, 1st Floor , Fort Road, Jaunpur – 222 001. • Jhansi: (w.e.f March 06, 2017) 372/18 D, 1st Floor above IDBI Bank, Beside V-Mart, Near
"RASKHAN", Gwalior Road, Jhansi – 284001 • Jodhpur: 1/5, Nirmal Tower Ist Chopasani Road Jodhpur 342003 • Jorhat: Dewal Road ,Second Floor Left side
second building Near Budhi Gukhani Mandir Gar Ali, Jorhat –785001 • Junagadh : Circle Chowk, Near Choksi Bazar Kaman, Gujarat Junagadh 362001 • Junagadh
: 2nd Floor, Shop 211, Rayjinagar Shopping Centre, Opp. HDFC Bank, Moti Baug, Junagadh - 362 001• Kakinada: D No-25-4-29,1St floor, Kommireddy vari Street,
Beside Warf Road, Opp Swathi Madicals, Kakinada-533 001 ..• Kalyan: Office No. 413, 414, 415, 4th Floor, Seasons Business Centre, Opposite KDMC (Kalyan
Dombivli Municipal Corporation), Shivaji Chowk, Kalyan (West) – 421 301..• Kalyani : A - 1/50, Block - A, Dist Nadia, Kalyani – 741235 • Kangra - C/O Dogra Naresh
& Associates, College Road, Kangra – 176 001 • Kanpur : I Floor 106 to 108 CITY CENTRE Phase II 63/ 2, THE MALL Kanpur 208001 • Kannur : Room No.14/435,
Casa Marina Shopping Centre, Talap, Kannur – 670004 • Karnal: 29, Avtar Colony, Behind Vishal Mega Mart, Karnal - 132001 • Karimnagar : HNo.7-1-257, Upstairs
S B H Mangammathota Karimnagar A.P. Karimnagar 505 001 • Karur : 126 GVP Towers, Kovai Road, Basement of Axis Bank, Karur – 639002 • Katni: 1st Floor,
Gurunanak Dharmakanta, Jabalpur Road, Bargawan, Katni - 483501 • Kadapa : Bandi Subbaramaiah Complex D.No: 3/ 1718, Shop No: 8 Raja Reddy Street, Beside
Bharathi Junior College, KADAPA – 516 001, Andhra Pradesh • Kashipur: Dev Bazar, Bazpur Road, Kashipur, Uttarakhand - 244 713 • Khammam: Shop No: 11 - 2
- 31/3, 1st floor, Philips Complex, Balajinagar, Wyra Road, Near Baburao Petrol Bunk, Khammam, Andhra Pradesh - 507 001. • Kharagpur: "Silver Palace" OT Road,
Inda - Kharagpur, G.P-Barakola, P.S- Kharagpur Local, Dist-West Midnapore - 721 305. • Kasaragod: KMC XXV/88, I, 2nd Floor, Stylo Complex, Above Canara Bank,
Bank Road, Kasaragod - 671 121.• Kolhapur: 2 B, 3rd Floor, Ayodhya Towers, Station Road, Kolhapur 416001 • Kolkata: Kankaria Centre, 2/1, Russell Street, 2
nd
Floor, Kolkata – 700 071 • Kollam : Ground Floor, Uthram Chambers, Thamarakulam, Kollam - 691 006• Kota* : B-33 ‘Kalyan Bhawan Triangle Part ,Vallabh Nagar
Kota 324007 • Kottayam : 1307 B, Puthenparambil Building, KSACS Road, Opposite ESIC O f f i c e , B e h i n d M a l a y a l a Manorama, Muttambalam P O,
Kottayam - 686 501• Kumbakonam : No. 28/8, 1st Floor, Balakrishna Colony, Pachaiappa Street, Near VPV Lodge, Kumbakonam 612001. • Kurnool: Shop Nos. 26
and 27, Door No. 39/265A and 39/265B, Second Floor, Skanda Shopping Mall,Old Chad Talkies, Vaddageri, 39th Ward, Kurnool - 518 001• Lucknow : Office No.
107, 1st Floor, Vaishali Arcade Building, Plot No. 11, 6 Park Road, Lucknow-2260011 • Ludhiana : U/ GF, Prince Market, Green Field Near Traffic Lights, Sarabha
Nagar Pulli Pakhowal Road, Ludhiana - 141 002 • Madurai : Shop No. 3, 2nd Floor, Suriya Towers, 272/273 – Goodshed Street, Madurai - 625001 • Malapuram :
Kadakkadan Complex, Opp. Central School, Malapuram – 670504. Malda : Daxhinapan Abasan, Opp Lane of Hotel Kalinga, SM Pally, Malda – 732101 • Mangalore
: 14-6-674/15(1), Shop No.-UG11-2, Maximus Complex, Light House Hill Road, Mangalore- 575 001• Mandi: 328/12, Ram Nagar , 1st Floor, Above Ram Traders,
Mandi-175 001 • Mandi-Gobindgarh - Opposite State Bank of Bikaner and Jaipur, Harchand Mill Road, Motia Khan, Mandi Gobindgarh – 147 301 • Manipal : Shop
No. A2, Basement Floor, Academy Tower, Opp. Corporation Bank, Manipal - 576 104. • Mapusa : O f f i c e N o . 5 0 3 , B u i l d m o re Business Park, New Canca
By-Pass Road, Ximer, Mapusa – 403 507 • Margao: F4- Classic Heritage, Near Axis Bank, opp. BPS Club, Pajifond, Margao - 403 601• Mathura : 159/160 Vikas
Bazar Mathura 281001 • Meerut : 108 Ist Floor Shivam Plaza Opposite Eves Cinema, Hapur Road Meerut 250002 • Mehsana : 1 Floor,Subhadra Complex Urban
Bank Road Mehsana Gujarat 384002 • Mirzapur - Ground Floor, Canara Bank Building, Dhundhi Katra, Mirzapur - 231 001 • Moga : Street No. 8-9 Center, Aarya
Samaj Road, Near Ice Factory, Moga -142 001 • Moradabad : H 21-22, Ist Floor, Ram Ganga Vihar Shopping Complex, Opposite Sale Tax Office, Moradabad - 244
001 • Mumbai : Rajabahdur Compound, Ground Floor Opp Allahabad Bank, Behind ICICI Bank 30, Mumbai Samachar Marg, Fort Mumbai 400 023 • Mumbai: 501
– Tiara CTS 617, 617/1-4, Off Chandavarkar Lane, Maharashtra Nagar, Borivali (West) Mumbai – 400092. • Mumbai: Platinum Mall, Office No.307, 3rd floor, Jawahar
Road, Ghatkopar East, Mumbai - 400 077. • Murshidabad: 107/1, A C Road, Ground Floor, Bohorompur, Murshidabad - 742 103.• Muzaffarnagar : F26/27 -
Kamadhenu Market, Opp LIC Building, Ansari Road, Muzaffarnagar, Uttar Pradesh-251001 • Muzzafarpur : Brahman toli, Durgasthan Gola Road Muzaffarpur 842001
• Mysore: No.1, 1st Floor CH.26 7th Main, 5th Cross (Above Trishakthi Medicals) Saraswati Puram Mysore 570009 • Nadia : R.N Tagore Road, in front of Kotwali P.
S., Krishnanagar Nadia - 741 101 • Nadiad: F-142, First Floor, Ghantakarna Complex, Gunj Bazar, Nadiad -387 001 • Nagaon - House No.315, Utaplendu
Chakraborthy, Amulapatty, V.B.Road, Nagaon - 782003.• Nagpur : 145 Lendra Park, Behind Indus Ind Bank New Ramdaspeth Nagpur 440 010 • Nagercoil IV Floor,
Kalluveettil Shyras Center 47, Court Road, Nagercoil - 629 001 • Nagpur: 145 Lendra Park, Behind Indus Ind Bank New Ramdaspeth Nagpur 440 010 •Nalgonda: 6-
4-80, 1st Floor Above Allahabad Bank, Opposite to Police Auditorium, VT Road, Nalgonda - 508 001.• Namakkal* : 156A / 1, First Floor, Lakshmi Vilas Building, Opp.
To District Registrar Office, Trichy Road, Namakkal – 637001 • Nasik ): 1st Floor, "Shraddha Niketan", TilakWadi, Opp. Hotel City, Pride, Sharanpur Road, Nasik -
422002. • Navsari : 214-215, 2nd Floor, Shivani Park, Opposite Shankheswar Complex, Kaliawadi, Navsari - 396 445. • Nanded: Shop No. 8,9 Cellar “Raj Mohd.
Complex”, Main Road, Shri Nagar, Nanded - 431 605. Maharashtra, Nanded - 431 605 • Andhra Pradesh: Shop No. 2, 1st Floor, NSR Complex, James Garden,
Near Flower Market, Nellore – 524 001• New Delhi : 7-E, 4th Floor, Deen Dayaal Research Institute Building, Swami Ram Tirath Nagar, Near Videocon Tower
Jhandewalan Extension, New Delhi - 110 055 • New Delhi : Office Number 112, 1st Floor, Mahatta Tower, B Block Community Centre, Janakpuri, New Delhi -110
058.. •Nizamabad: 5-6-208, Saraswathi Nagar, Opposite Dr. Bharathi Rani Nursing Home, Nizamabad - 503 001.• Noida (w.e.f June 25, 2018) : Commercial Shop
No. GF 10 & GF 38, Ground Floor, Ansal Fortune Arcade, Plot No. K-82, Sector - 18, Noida – 201 301• Ongole: Shop No. 1128, First Floor, 3
rd
Line, Sri Bapuji Market
Complex, Ongole – 523 001 .• Palakkad : Door No.18/507(3), Anugraha, Garden Street, College Road, Palakkad - 678 001 • Palanpur :Gopal Trade Center, Shop
No. 13-14, 3rd Floor, Nr. BK Mercantile Bank, Opp. Old Gunj, Palanpur - 385 001..• Panipat : 83, Devi Lal Shopping Complex Opp ABN Amro Bank, G.T.Road Panipat
132103 • Patiala : 35 New Lal Bagh, Opposite Polo Ground, Patiala - 147 001.• Patna : 301B, Third Floor, One Plaza Near Dak Bungalow Chowk Patna 800001,
Patna 800001 • Pathankot: 13-A, 1st Floor, Gurjeet Market, Dhangu Road, Punjab, Pathankot - 145 001 • Pitampura : No. G-8, Ground Floor, Plot No C-9, Pearls
Best Height - II, Netaji Subhash Place, Pitampura – 110 034 • Pondicherry : S-8, 100,Jawaharlal Nehru Street (New Complex, Opp. Indian Coffee House) Pondicherry
605001 • Pratapgarh: Opposite Dutta Traders, Near Durga Mandir , Balipur, Pratapgarh - 230 001 • Pune : Vartak Pride, 1st Floor, Survey No. 46,City Survey No.
1477, Hingne Budruk, D. P. Road, Behind Dinanath Mangeshkar Hospital, Karvenagar, Pune - 411 052.• Raebarelly : 17, Anand Nagar Complex, Raeberaily –
229001 • Raipur : HIG, C-23, Sector - 1, Devendra Nagar, Raipur - 492004.• Rajahmundry : Cabin 101 D.no 7-27-4 1 Floor Krishna Complex Baruvari Street T Nagar
Rajahmundry 533101 • Rajkot : Office 207 - 210, Everest Building, Harihar Chowk, Opp Shastri Maidan, Limda Chowk, Rajkot - 360001 • Rajapalayam : No 155,
Railway Feeder Road, Near Bombay Dyeing Showroom, Rajapalayam – 626117 • Ranchi : 223,Tirath Mansion (Near Over Bridge),1st Floor Main Road Ranchi
834001 • Ranchi : 4, HB Road. No. 206, 2nd Flr., Shri Lok Complex, Ranchi - 834 001.• Ratlam : 18, Ram Bagh, Near Scholar's School, Ratlam - 457001. • Ratnagiri:
Aditya Birla Sun Life Quant Fund
SCHEME INFORMATION DOCUMENT Page 92
Orchid Tower, Ground Floor, Gala No. 06,S.V. No. 301/Paiki 1/2, Nachane Municipal Aat, Arogya Mandir, Nachane Link Road, Ratnagiri - 415 612 • Rohtak : SCO
06, Ground Floor, MR Complex, Near Sonipat Stand, Delhi Road, Rohtak - 124 001 • Rourkela : J B S Market Complex, 2
nd
Floor, Udit Nagar, Rourkela - 769 012.•
Roorkee : 22 Civil Lines Ground Floor, Hotel Krish Residency, Roorkee – 247 667 • Sagar : Opp. Somani Automobiles Bhagwanganj Sagar Madhya Pradesh Sagar
470 002 • Salem : No.2, I Floor Vivekananda Street, New Fairlands Salem 636016 • Saharanpur : I Floor, Krishna Complex, Opp. Hathi Gate, Court Road, Saharanpur
– 247001 • Sangli : Jiveshwar Krupa Bldg, Shop. NO.2, Ground Floor, Tilak Chowk, Harbhat Road, Sangli – 416416 • Sambalpur : C/o Raj Tibrewal & Associates
Opp.Town High School,Sansarak Sambalpur 768001 • Satara* : 117 / A / 3 / 22, Shukrawar Peth Sargam Apartment Maharashtra Satara 415002 • Satna : 1st Floor,
Shri Ram Market, Beside Hotel Pankaj, Birla Road, Satna – 485 001 • Shahjahanpur: Bijlipura, Near Old Distt Hospital, Jail Road, Shahjahanpur, Uttar Pradesh - 242
001. • Siliguri: 78 , Haren Mukherjee Road, 1st floor, Beside SBI Hakimpara, Siliguri - 734001•Sikar: 1st Floor, Opposite Yash Tower Parking, Pawan Travels
Street, Front of City Center Mall, Station Road, Sikar - 332 001.• Sirsa: Gali No. 1, Old Court Road, Near Railway Station Crossing, Sirsa, Haryana - 125 055. • Shimla
: I Floor, Opp. Panchayat Bhawan Main gate, Bus stand, Shimla – 171001 • Shimoga: No.65 1st Floor, Kishnappa Compound 1st Cross, Hosmane Extn, Shimoga -
577 201 • Shillong: 3
rd
Floor, RPG Complex, Keating Road, Shillong - 793001• Sitapur : Arya Nagar, Near Arya Kanya School, Sitapur – 262001 • Solan : 1st Floor,
Above Sharma General Store, Near Sanki Rest house, The Mall, Solan – 173212 • Solapur : 4, Lokhandwala Tower, 144, Sidheshwar Peth, Near Z.P. Opp. Pangal
High School, Solapur 413001 • Sonepat: SCO-11-12, 1st Floor, Pawan Plaza, Atlas Road, Subhash Chowk, Sonepat - 131 001 • Sriganganagar : 18 L Block, Sri
Ganganagar, Sriganganagar – 335001 • Srikakulam : Door No 4-4-96, First Floor. Vijaya Ganapathi Temple Back Side, Nanubala Street, Srikakulam -532001 •
Srinagar : Near New Era Public School, Rajbagh, Srinagar - 190 008 • Sultanpur : 967, Civil Lines, Near Pant Stadium, Sultanpur – 228001 • Surat : Office No 2
Ahura -Mazda Complex First Floor, Sadak Street Timalyawad, Nanpura Surat 395 001 •Surat: International Commerce Center, Nr. Kadiwala School, Majura Gate,
Ring Road, Surat - 395 002.• Surat (Bardoli): F-10, First Wings, Desai Market, Gandhi Road, Bardoli, Surat - 394601 • Surendranagar : Shop No. 12, M. D.
Residency, Swastik Cross Road, Surendranagar – 363 001 • Suri: Police Line, Ramakrishnapally, Near Suri Bus Stand, Suri - 731 101, West Bengal • Thane (W):
Dev Corpora, 1st floor, Office No. 102, Cadbury Junction, Eastern Express way, Thane (West) - 400 601. • Thiruppur : 1(1), Binny Compound, II Street, Kumaran
Road Thiruppur 641601 • Thiruvalla: 1st Floor, Room No - 61(63), International Shopping Mall, Opposite St. Thomas Evangelical Church, Above Thomson Bakery,
Manjady, Thiruvalla – 689105 • Tinsukia: Bangiya Vidyalaya Road, Near Old post Office, Durgabari, Tinsukia - 786 125 • Tirunelveli : F4, Magnum Suraksha
Apartments, Tiruvananthapuram Road, Tirunelveli - 627 002..• Tirupathi: Shop No.: 6, Door No: 19-10-8, Opp. To Passport Office, AIR Bypass Road,
Tirupati – 517 501• Trichur : Room No. 26 & 27, Dee Pee Plaza, Kokkalai, Trichur – 680001 • Trichy : No 8, I Floor, 8th Cross West Extn Thillainagar Trichy
620018 • Trivandrum : R S Complex Opposite of LIC Building Pattom PO Trivandrum 695004 • Udaipur : 32, Ahinsapuri, Fatehpura Circle, Udaipur - 313
001• Tuticorin : 227/F South New Street, Tuticorin - 628 002. • Ujjain: Office at 109, 1st Floor, Siddhi Vinayak Trade Center, Shahid Park, Ujjain –
456010.•Uttar Dinajpur: Rabindrapally, Near Gitanjali Cinema Hall, Raiganj, Uttar Dinajpur - 733 134.• Vadodara: 103 Aries Complex, BPC Road, Off R.C.
Dutt Road, Alkapuri, Vadodara - 390007 • Valsad : Ground Floor, Yash Kamal -"B", Near Dreamland Theater, Tithal Road, Valsad – 396001 • Vapi : 215-
216, 208, 2nd Floor Heena Arcade,Opp. Tirupati Tower Near G.I.D.C. Char Rasta Vapi – 396195.• Varanasi : Office no 1, Second floor, Bhawani Market,
Building No. D-58/2-A1, Rathyatra, Beside Kuber Complex, Varanasi-221010 • Vashi: BSEL Tech Park, B-505, Plot no 39/5 & 39/5A, Sector 30A, Opp.
Vashi Railway Station, Vashi, Navi Mumbai - 400 705.• Vellore : No:54, Ist Floor Pillaiyar Koil Street Thotta Palayam Vellore 632004 •Vellore: AKT Complex,
2nd Floor, No. 1 & 3, New Sankaranpalayam Road, TollGate, Vellore - 632 001.• Vijayawada : 40-1-68, Rao & Ratnam Complex Near Chennupati Petrol
Pump M.G Road, Labbipet Vijayawada 520 010 • Vijayapur (Bijapur): 1st floor, Padmasagar Complex, 2nd Gate, Ameer Talkies Road, Vijayapur (Bijapur)
- 586 101.• Visakhapatnam: Flat No GF2, D NO 47-3-2/2, Vigneswara Plaza, 5th Lane, Dwarakanagar, Visakhapatnam- 530016 • Vizianagaram: Door No.
4-8-7, Beside Sub Post Office Kothagraharam, Vizianagaram – 535001 • Warangal : F13, 1st Floor BVSS Mayuri Complex Opp. Public Garden, Lashkar
Bazaar Hanamkonda, Warangal 506001 • Wardha: Opp. Raman Cycle Industries, Krishna Nagar, Maharashtra, Wardha - 442 001 •Wayanad: 2nd Floor,
AFFAS Building, Kalpetta, Wayanad - 673 121.• West Bengal: Alakalaya, 102, N.S. Avenue, P.O. Serampore, Dist – Hooghly – 712201 • West Bengal: 1st
Floor, Central Bank Building, Machantala, P.O. & District Bankura - 722 101• Yamuna Nagar : 124-B/R Model Town Yamunanagar Haryana Yamuna Nagar
135 001 • Yavatmal : Pushpam, Tilakwadi, Opp. Dr. Shrotri Hospital, Yavatma - 445001.
In addition to the above, CAMS, Registrar & Transfer Agents to Aditya Birla Sun Life Mutual Fund will be the official point of acceptance for all online /
electronic transactions by investors who have subscribed to the Online Transaction Facility offered by Aditya Birla Sun Life AMC Limited (AMC). The investors
can undertake purchase / sale / switch transactions and avail of such other online facilities as may be provided by AMC from time to time through its official
website - www.adityabirlacapital.com, which is the official point of acceptance for electronic transactions and through other secured internet sites of specified
banks, financial institutions, etc. with whom AMC has entered or may enter into specific arrangements for providing online facility. Secured internet sites
operated by CAMS will also be official point of acceptance. Pursuant to para 16.6 of SEBI Master Circular on Mutual Funds dated May 19, 2023, Aditya Birla
Sun Life Mutual Fund has designated MFCentral - a digital platform for Mutual Fund investors as its Official Point of Acceptance (“DISC” – Designated
Investor Service Centre). Any registered user of MFCentral, requiring submission of physical document, as per the requirements of MFCentral, may do so
at any of the DISC or collection centres of KFin Technologies Private Limited (“KFintech”) or CAMS. MFCentral may be accessed using https://mfcentral.com/
and a Mobile App in future.