Aditya Birla Sun Life MF stops fresh flows in two credit-oriented schemes

Apart from fresh subscriptions, switch-in applications, fresh registration of systematic plans have also been stopped in the schemes till further notice

The Aditya Birla Sun Life Mutual Fund (MF) has suspended fresh subscriptions to its credit-oriented schemes credit risk fund and medium duration fund, in order to avoid dilution of gains for existing investors from the expected recoveries.
 

“We believe there are substantial gains in our funds which would be realised by the existing investors over next few months. Since we do not wish to dilute this for existing investors by taking more money in these funds, we have stopped fresh subscriptions in the interest of investors,” the fund house said in a response.
 

The barring of subscriptions is effective from