The fund aims to generate capital appreciation by investing primarily in equity and equity-related securities, that are likely to benefit from recovery in the Indian economy, it said.
The scheme will allocate around 80-100 per cent of assets in equity and equity related securities(including options premium), and 0-20 per cent in money market and debt instruments, the statement said.
Aditya Birla Sun Life AMC Ltd CEO A Balasubramanian said, "We believe that a confluence of multiple factors - administrative and economic reforms, new initiatives and plans by the government and favourable macro environment, makes equities especially attractive over the next 3-5 years."
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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