Aditya Birla Sun Life Digital India Fund Direct Growth
Equity
Direct
Sector - Technology
NAV as on 21-11-2024
₹ 200.88
▲0.1%
1D
Inception Returns
22.4%
/yr
About Aditya Birla Sun Life Digital India Fund Direct Growth
Aditya Birla Sun Life Digital India Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Kunal Sangoi. The fund could potentially beat inflation in the long-run.
Key Parameters
- Aditya Birla Sun Life Digital India Fund Direct Growth has ₹5046 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
Aditya Birla Sun Life Digital India Fund Direct Growth has given a CAGR return of 22.40% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 24.53%, 10.38% and 28.53% respectively.
Holdings
Aditya Birla Sun Life Digital India Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Industrial, Consumer Cyclical, Financial Services. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, Bharti Airtel Ltd, LTIMindtree Ltd, Tech Mahindra Ltd
Taxation
As it is a sector - technology mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Aditya Birla Sun Life Digital India Fund Direct Growth
The primary investment objective of the scheme is to generate long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. The secondary objective is income generation and distribution of IDCW.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Aditya Birla Sun Life Digital India Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
6444 people have invested ₹ 2.9Cr in Aditya Birla Sun Life Digital India Fund Direct Growth in the last three months
INDmoney Rank for Aditya Birla Sun Life Digital India Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Among most bought funds within the category
Beats FD returns for both 3Y & 5Y duration
3Y returns in the bottom 25% of the category
Aditya Birla Sun Life Digital India Fund Direct Growth Overview
| Expense ratio | 0.83% |
Benchmark | S&P BSE IT |
| AUM | ₹5046 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 30.72% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
62.4%
Small cap
21%
Mid cap
9.7%
Sector Allocation
Tech
72.9%
Communication
13.9%
Industrial
9.1%
Consumer Cyclical
3.4%
Financial Services
0.7%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -4.15% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 2.36% in Oct'24
- AUM of the fund stands at 5K Cr as of Oct'24
- AUM decreased by 214.4 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Coforge Ltd's allocation increased from 3.6% to 4.42%
L&T Technology Services Ltd's allocation increased from 1.08% to 1.51%
Tech Mahindra Ltd's allocation increased from 6.24% to 6.64%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 22.84 % to 21.6 %
Tata Consultancy Services Ltd's allocation decreased from 9.95 % to 9.65 %
Bharti Airtel Ltd's allocation decreased from 9.02 % to 8.87 %
Large Cap allocation has gone down from 64% to 62.4%
Small Cap allocation has gone down from 21.4% to 21%
Mid Cap allocation has gone up from 8.7% to 9.7%
Cash allocation has gone up from 1.5% to 2.6%
Top 3 Sectors in October were Tech, Communication & Industrial
Oct'24
Tech
73%
Communication
14%
Industrial
9%
Sep'24
Tech
73%
Communication
14%
Industrial
9%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 18.9% |
 Firstsource Solutions Ltd | 3.7% |
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Kunal Sangoi
Fund Manager of Aditya Birla Sun Life Digital India Fund Direct Growth, since 16 January 2014
Top funds managed
Fund House
Aditya Birla Sun Life AMC Ltd
Total Schemes
Total AUM
₹3.89L Cr
as on 31-Oct-2024
Address
Aditya Birla Sun Life AMC Ltd,One World Centre, Tower 1, 17th Floor,Jupiter Mill Compound, 841, Senapati Bapat Marg,Elphinstone Road
Phone
+912243568000
Website
connect@birlasunlife.com
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (sector - technology). Its expense ratio is 0.83% which is lower than the category average expense ratio of 1.25%.
In the last 5 years, ICICI Prudential Technology Fund Direct Plan Growth has given 30.26% return, outperforming this fund by 1.73% per annum.
Over the last 1 month, this fund has experienced a 4.1% drop in AUM moving from 5.26K Cr to 5.04K Cr.
In the last 1 year, Tata Digital India Fund Direct Growth has given 38.24% return, outperforming this fund by 13.71%.
In the last 3 years, Franklin India Technology Fund Direct Growth has given 14.26% return, outperforming this fund by 3.89% per annum.
Over the last 1 month, this fund has increased expense ratio by 12.2% moving from 0.74 to 0.83.
Aditya Birla Sun Life Digital India Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 22.4% since inception which is less than its category average return of 23.18%
Fund Allocations
This fund has an allocation of 97.36% in Equity, 0% in Debt and 2.64% in Cash related instruments
AUM size ₹5046 Cr
This fund has AUM of ₹5046 Cr which is more than its category average of ₹ 2941 Cr
Expense Ratio 0.83%
This fund has an expense ratio of 0.83% which is less than its category average expense ratio of 1.15%
Frequently Asked Questions for Aditya Birla Sun Life Digital India Fund Direct Growth
The current NAV of Aditya Birla Sun Life Digital India Fund Direct Growth is ₹200.88 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
Aditya Birla Sun Life Digital India Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.77% | -1.77% |
6 Month Returns | 19.89% | 19.89% |
1 Year Returns | 24.53% | 24.53% |
3 Years Returns | 34.47% | 10.38% |
5 Years Returns | 250.76% | 28.53% |
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0.83% as on October 2024
₹5046 Cr as on October 2024
Infosys Ltd(21.6%), Tata Consultancy Services Ltd(9.65%), Bharti Airtel Ltd(8.87%), LTIMindtree Ltd(6.74%), Tech Mahindra Ltd(6.64%) as on October 2024
Tech(70.96%), Communication(13.56%), Industrial(8.9%) as on October 2024
The alpha ratio for the Aditya Birla Sun Life Digital India Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Aditya Birla Sun Life Digital India Fund Direct Growth | -3.23 | 1.72 | 5.28 |
As on October 2024
The alpha for Aditya Birla Sun Life Digital India Fund Direct Growth is calculated against S&P BSE IT. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Aditya Birla Sun Life Digital India Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Aditya Birla Sun Life Digital India Fund Direct Growth | 1 | 0.98 | 1.01 |
As on October 2024
The Beta for Aditya Birla Sun Life Digital India Fund Direct Growth is calculated with S&P BSE IT. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Aditya Birla Sun Life Digital India Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Aditya Birla Sun Life Digital India Fund Direct Growth | 1.17 | 0.35 | 1.05 |
As on October 2024
The sharpe ratio for Aditya Birla Sun Life Digital India Fund Direct Growth is calculated with S&P BSE IT. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Aditya Birla Sun Life Digital India Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Aditya Birla Sun Life Digital India Fund Direct Growth | 19.31 | 18.65 | 21.38 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.54 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.4 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Kunal Sangoi is the fund manager of Aditya Birla Sun Life Digital India Fund Direct Growth
The Exit load of Aditya Birla Sun Life Digital India Fund Direct Growth is 1%