"Post fixed income taxation change, we have positioned equity savings funds as an alternate fixed income product to meet conservative investors demand," said A Balasubramanian, MD of Aditya Birla Sunlife MF. "Given the fact it will have 10% exposure to equity and the rest will be spread between equity arbitrage and fixed income instruments, we also wanted to keep the expenses at a level which will be fair to investors," he said.
An equity savings fund is a type of mutual fund that provides investors with a combination of equity, debt, and arbitrage investment. Equity savings funds