Aditya Birla Sun Life India Gennext Fund Direct Growth
Equity
Direct
Equity - Consumption
NAV as on 21-11-2024
₹ 232.28
▲0.4%
1D
Inception Returns
18.2%
/yr
About Aditya Birla Sun Life India Gennext Fund Direct Growth
Aditya Birla Sun Life India Gennext Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Chanchal Khandelwal. The fund could potentially beat inflation in the long-run.
Key Parameters
- Aditya Birla Sun Life India Gennext Fund Direct Growth has ₹5854 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 India Gennext Fund Direct Growth has given a CAGR return of 18.17% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 24.72%, 14.21% and 19.34% respectively.
Holdings
Aditya Birla Sun Life India Gennext Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Consumer Defensive, Financial Services, Health, Communication, Industrial, Basic Materials, Real Estate. Its top holdings are ITC Ltd, Bharti Airtel Ltd, ICICI Bank Ltd, Trent Ltd, HDFC Bank Ltd
Taxation
As it is a equity - consumption 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 India Gennext Fund Direct Growth
An Open-ended growth scheme with the objective to target growth of capital by investing in equity/equity related instruments of companies that are expected to benefit from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the young generation (Generation Next). The scheme will invest in companies that have the following characteristics: 1. Companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand identity, thereby enabling choice.
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 India Gennext Fund Direct Growth has no lock in period.
Historical NAV & Returns
INDmoney Rank for Aditya Birla Sun Life India Gennext Fund Direct Growth
Aditya Birla Sun Life India Gennext Fund Direct Growth Overview
| Expense ratio | 0.82% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹5854 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 17.14% |
| 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)
- This fund’s returns stands at -8.55% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund underperformed Nifty 500 by 2.03% in Oct'24
- AUM of the fund stands at 5.9K Cr as of Oct'24
- AUM decreased by 449.8 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Consumer Cyclical, Consumer Defensive & Financial Services
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ITC Ltd | 4.94% | 5.3% | |
 Bharti Airtel Ltd | 4.8% | 0% | |
 ICICI Bank Ltd | 4.61% | 0% | |
 Trent Ltd | 4.1% | -1.5% | |
 HDFC Bank Ltd | 3.42% | -4.1% |
Top Growth Drivers | 1M Return |
|---|---|
 Gillette India Ltd | 7.3% |
 Radico Khaitan Ltd | 2.8% |
Mutual Fund Insights
Aditya Birla Sun Life India Gennext Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹5854 Cr
Expense Ratio 0.82%
Frequently Asked Questions for Aditya Birla Sun Life India Gennext Fund Direct Growth
Aditya Birla Sun Life India Gennext Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.49% | -7.49% |
6 Month Returns | 7.83% | 7.83% |
1 Year Returns | 24.72% | 24.72% |
3 Years Returns | 48.99% | 14.21% |
5 Years Returns | 142.02% | 19.34% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Aditya Birla Sun Life India Gennext Fund Direct Growth | 0.15 | -0.54 | 1.67 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Aditya Birla Sun Life India Gennext Fund Direct Growth | 0.87 | 0.87 | 1 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Aditya Birla Sun Life India Gennext Fund Direct Growth | 1.6 | 0.77 | 0.83 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Aditya Birla Sun Life India Gennext Fund Direct Growth | 15.3 | 13.62 | 18.08 |