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EXPLAIN ABOUT ADITYA BIRLA SUN LIFE NIFTY NEXT 50 INDEX FUND? Aditya Birla Sun Life Mutual Fund has announced the launch of Aditya Birla Sun Life Nifty Next 50 Index Fund, an open ended scheme that will track the Nifty Next 50 Index. The New Fund Offer will close for subscription on February 14. The minimum application amount for this fund is Rs 100 and in multiples of Re 1 thereafter, during the NFO. According to a press release, the scheme is suitable for investors seeking long-term capital growth. Since this is an index fund, investors do not need a Demat account to invest in the index and can avail both Systematic Investment Plan (SIP) and lumpsum route. Nifty Next 50 is a well-diversified index with consumer and commodities sector constituting 25.6% and 20.1% respectively, followed by Financial Services with 20%, as on January 15. EXPLAIN THE FINANCIAL POSITION OF THE COMPANY? Launched in 1996, the Nifty Next 50 Index represents the 50 companies from Nifty 100, after e