Aditya Birla Sun Life Mutual Fund rolls over seven FMPs

By Indiatimes8 days ago

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Aditya Birla Sun Life Mutual Fund has rolled over seven FMPs which were maturing in the month of April, 2021. The scheme maturities have been pushed to end of 2022 and some in the middle of 2023. However, the fund house has said that those investors who do not give their consent for rolling over will get the redemption proceeds on the original maturity date.

The seven FMPs that are being rolled over are: Aditya Birla Sun Life Fixed Term Plan - Series OZ (1187 days), Aditya Birla Sun Life Fixed Term Plan -Series PA (1177 days), Aditya Birla Sun Life Fixed Term Plan - Series PC (1169 days), Aditya Birla Sun Life Fixed Term Plan - Series PF (1148 days), Aditya Birla Sun Life Fixed Term Plan - Series PK (1132 days), Aditya Birla Sun Life Fixed Term Plan - Series PI (1140 days), Aditya Birla Sun Life Fixed Term Plan - Series PJ (1135 days).

“Unitholder(s) who do not submit the duly filled consent form within the aforesaid timeline will not be entitled for extension of maturity and their investments in the Schemes shall be redeemed on the Original Maturity Date. Such Unitholders shall receive the redemption/maturity proceeds based on the applicable Net Asset Value as on the Original Maturity Date of the respective Schemes“ said the fund house in a letter to investors.

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