Singapore-based Aditya Birla Sun Life Asset Management Company (ABSLAMC) has launched its India Dynamic Bond Fund (IDBF) for foreign investors. Available in US dollars, IDBF is an open-ended fixed-income feeder fund investing nearly all of its assets in Birla Sun Life Dynamic Bond Fund (BSL DBF).

 

With over US$2.7 billion of assets under management, BSL DBF is Birla Sun Life Mutual Fund’s flagship fixed income fund. The fund manager for this fund is Maneesh Dangi, co-chief investment officer, BSLAMC who manages India’s largest portfolio of fixed income assets (in excess of US$10 billion).

 

The India Dynamic Bond Fund follows a feeder fund strategy. It seeks to gain from BSL DBF’s focus on active management of fixed income assets and generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments.

 

 “The Indian debt market’s ability to deliver good yield makes it an attractive investment destination for major global institutional and professional clients looking to invest in debt instruments, especially in the short - midterm horizon. We have in Birla Sun Life Dynamic Bond Fund, a most robust and sound offering to fulfil this need of international investors. Focussed on absolute return, BSL DBF’s uncompromising control of beta endeavours to preserve purchasing power of capital, generating total returns comprising capital gains and interest income,” A. Balasubramanian, CEO, Birla Sun Life Asset Management Company, said.