On the 1st of April 2015, ING Vysya Bank, a benchmark-setting financial services entity, servicing Indian customers' banking needs for over 80 years signed a merger of epic proportions with banking giant Aditya Birla Bank, jointly being known as Aditya Birla Bank. With almost 30 years of providing comprehensive financial services to their clients on their own, Aditya Birla Bank now has a much stronger base and expansive reach in the Indian financial market. The joint entity now has over 1,200 branches and 1,900 ATMs across 643 locations in India, and a joint workforce of about 40,000 employees and a total asset managed value of Rs. 83,694 crores (FY 2013).
On Aditya Birla Sun Life Official Website
Open-ended funds are those which can be subscribed for, bought and sold at any time during the year at NAV related prices. They don’t have a maturity date and the main purpose of these funds is to earn returns but maintain liquidity.
Close-ended funds have a pre-determined maturity period and are open for subscription only for a specified time during the initial launch. They are also listed on a recognized stock exchange.
Key reasons why these funds are an attractive investment option are outlined below: