Aditya Birla Sun Life Mutual Fund Launches Transportation and Logistics Fund
Bangalore, 28th October 2023 Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited, an investment manager to Aditya Birla Sun Life Mutual Fund, has announced the launch of Aditya Birla Sun Life Transport and Logistics Fund, an open-ended equity scheme following the transportation and logistics theme. The new fund offer will remain open from 27th October 2023 to 10th November 2023.
The transportation and logistics theme covers a wide range of sectors. The transportation theme includes sectors like automobiles and auto ancillary while the logistics theme includes sectors like ports, warehousing/supply chain, e-commerce and allied sectors. The sectors common to both themes would be shipping, railways, infrastructure and airlines.
It is a large, diversified theme comprising of 20 basic industries with approximately 200 companies that form a part of the listed universe. The fund provides a mix of urban and rural, domestic and international opportunities. Additionally, innovation and new technologies are integral components of this theme.
The Equity portion of the portfolio will follow growth at a reasonable price (GARP) and can invest across various sectors within the theme.
Commenting on the new fund launch, A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd, said, “The transportation and logistics sector offers a plethora of opportunities for an investor. Some of these include the low penetration of passenger vehicles, rising aspirations of buyers backed by increasing per capita income and improving affordability of passenger vehicles, strong government support to EVs, export growth and good domestic manufacturing capabilities of auto ancillaries, and the boost to logistics due to expanded interconnectivity of rail, road and ports to improve mobility with efficiency.”