Aditya Birla Sun Life Equity Savings Fund Direct Growth
Hybrid
Direct
Equity Savings
NAV as on 22-11-2024
₹ 23.01
1D
Inception Returns
8.7%
/yr
About Aditya Birla Sun Life Equity Savings Fund Direct Growth
Aditya Birla Sun Life Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 28 November, 2014. The fund is managed by Harshil Suvarnkar. This fund gives you the benefit of diversification.
Key Parameters
- Aditya Birla Sun Life Equity Savings Fund Direct Growth has ₹647 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Aditya Birla Sun Life Equity Savings Fund Direct Growth has given a CAGR return of 8.66% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.20%, 6.25% and 9.21% respectively.
Holdings
Aditya Birla Sun Life Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Industrial, Energy, Real Estate, Consumer Cyclical, Consumer Defensive, Basic Materials, Utilities, Corporate, Communication, Tech, Health.
Taxation
As it is a equity savings mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments: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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Aditya Birla Sun Life Equity Savings Fund Direct Growth
To provide capital appreciation and income distribution to the investors by using a blend of equity derivatives strategies, arbitrage opportunities and pure equity investments.
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 Equity Savings Fund Direct Growth has no lock in period.
Historical NAV & Returns
INDmoney Rank for Aditya Birla Sun Life Equity Savings Fund Direct Growth
Aditya Birla Sun Life Equity Savings Fund Direct Growth Overview
| Expense ratio | 0.62% |
Benchmark | NIFTY Equity Savings TR INR |
| AUM | ₹647 Cr |
| Inception Date | 28 November, 2014 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 713.34% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Moderate Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
- AUM of the fund stands at 646.8 Cr as of Oct'24
- AUM increased by 7 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Government & Industrial
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.75% | 0% | |
 Reliance Industries Ltd | 4.11% | 56.4% | |
 ITC Ltd | 3.81% | 0% | |
 GMR Airports Ltd | 3.61% | 0% | |
 State Bank of India | 3.54% | 86.1% |
Mutual Fund Insights
Aditya Birla Sun Life Equity Savings Fund Direct Growth Highlights
Moderate Risk
About the fund
Fund Allocations
AUM size ₹647 Cr
Expense Ratio 0.62%
Frequently Asked Questions for Aditya Birla Sun Life Equity Savings Fund Direct Growth
Aditya Birla Sun Life Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.74% | -0.74% |
6 Month Returns | 3.71% | 3.71% |
1 Year Returns | 10.2% | 10.2% |
3 Years Returns | 19.95% | 6.25% |
5 Years Returns | 55.32% | 9.21% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |