Aditya Birla Sun Life Mid Cap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 21-11-2024
₹ 830.3
1D
Inception Returns
17.7%
/yr
About Aditya Birla Sun Life Mid Cap Fund Direct Growth
Aditya Birla Sun Life Mid Cap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Anil Shah. The fund could potentially beat inflation in the long-run.
Key Parameters
- Aditya Birla Sun Life Mid Cap Fund Direct Growth has ₹6015 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 1.1.
Returns
Aditya Birla Sun Life Mid Cap Fund Direct Growth has given a CAGR return of 17.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 30.97%, 16.77% and 23.71% respectively.
Holdings
Aditya Birla Sun Life Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Industrial, Health, Utilities, Tech, Consumer Defensive, Communication, Real Estate, Energy. Its top holdings are Torrent Power Ltd, Fortis Healthcare Ltd, Coromandel International Ltd, Glenmark Pharmaceuticals Ltd, Gujarat Fluorochemicals Ltd Ordinary Shares
Taxation
As it is a mid-cap 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 Mid Cap Fund Direct Growth
The investment objective of the scheme is long term growth of capital at controlled level of risk by investing primarily in 'Mid-Cap' Stocks.
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 Mid Cap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
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1151 people have invested ₹ 1.3Cr in Aditya Birla Sun Life Mid Cap Fund Direct Growth in the last three months
INDmoney Rank for Aditya Birla Sun Life Mid Cap Fund Direct Growth
Powered by IND quant engine
17
/19
34% Performance
20% Risk Management
46% Cost
17 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
Does not beat the benchmark consistently
Higher probablity of downside risk
Poor track record of protecting capital in bear phase
Aditya Birla Sun Life Mid Cap Fund Direct Growth Overview
| Expense ratio | 1.07% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹6015 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 22.74% |
| 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)
Mid cap
65.6%
Small cap
25.4%
Large cap
8%
Sector Allocation
Financial Services
18.4%
Consumer Cyclical
17.9%
Basic Materials
16.3%
Industrial
16.1%
Health
11.9%
Utilities
4.9%
Tech
4.7%
Consumer Defensive
4.3%
Communication
2.7%
Real Estate
2.2%
Energy
0.8%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -6.15% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
- This fund outperformed Nifty Midcap 150 by 0.56% in Oct'24
- AUM of the fund stands at 6K Cr as of Oct'24
- AUM decreased by 425 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Max Financial Services Ltd's allocation increased from 2.27% to 2.61%
Radico Khaitan Ltd's allocation increased from 1.27% to 1.58%
Fortis Healthcare Ltd's allocation increased from 2.96% to 3.22%
Top Stocks sold last month
Cholamandalam Financial Holdings Ltd's allocation decreased from 3.17 % to 2.75 %
AU Small Finance Bank Ltd's allocation decreased from 2.77 % to 2.45 %
Shriram Finance Ltd's allocation decreased from 2.49 % to 2.34 %
Large Cap allocation has gone down from 8.4% to 8%
Small Cap allocation has gone up from 24.6% to 25.4%
Mid Cap allocation has gone up from 65.3% to 65.6%
Cash allocation has gone down from 1.4% to 0.7%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
Oct'24
Financial Services
18%
Consumer Cyclical
18%
Basic Materials
16%
Sep'24
Financial Services
19%
Consumer Cyclical
18%
Industrial
16%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Radico Khaitan Ltd | 2.8% |
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Anil Shah
Fund Manager of Aditya Birla Sun Life Mid Cap Fund Direct Growth, since 27 April 2020
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
Over the last 1 month, this fund has experienced a 6.6% drop in AUM moving from 6.43K Cr to 6.01K Cr.
Over the last 1 month, this fund has increased expense ratio by 4.9% moving from 1.02 to 1.07.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 33.39% return, outperforming this fund by 16.62% per annum.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 1.07% which is lower than the category average expense ratio of 1.14%.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 60.14% return, outperforming this fund by 29.17%.
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 33.13% return, outperforming this fund by 9.42% per annum.
Aditya Birla Sun Life Mid Cap 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 17.67% since inception which is less than its category average return of 18.78%
Fund Allocations
This fund has an allocation of 99.28% in Equity, 0% in Debt and 0.72% in Cash related instruments
AUM size ₹6015 Cr
This fund has AUM of ₹6015 Cr which is less than its category average of ₹ 9389 Cr
Expense Ratio 1.07%
This fund has an expense ratio of 1.07% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions for Aditya Birla Sun Life Mid Cap Fund Direct Growth
The current NAV of Aditya Birla Sun Life Mid Cap Fund Direct Growth is ₹830.3 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
Aditya Birla Sun Life Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.41% | -7.41% |
6 Month Returns | 8.19% | 8.19% |
1 Year Returns | 30.97% | 30.97% |
3 Years Returns | 59.23% | 16.77% |
5 Years Returns | 189.78% | 23.71% |
With INDmoney, the process of investing is very simple and involves zero commission.
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1.07% as on October 2024
₹6015 Cr as on October 2024
Torrent Power Ltd(3.33%), Fortis Healthcare Ltd(3.22%), Coromandel International Ltd(3.16%), Glenmark Pharmaceuticals Ltd(2.82%), Gujarat Fluorochemicals Ltd Ordinary Shares(2.75%) as on October 2024
Financial Services(18.23%), Consumer Cyclical(17.72%), Basic Materials(16.17%) as on October 2024
The alpha ratio for the Aditya Birla Sun Life Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Aditya Birla Sun Life Mid Cap Fund Direct Growth | 2.91 | -1.19 | -1.52 |
As on October 2024
The alpha for Aditya Birla Sun Life Mid Cap Fund Direct Growth is calculated against S&P BSE Midcap TR INR. 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 Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Aditya Birla Sun Life Mid Cap Fund Direct Growth | 0.94 | 0.9 | 0.93 |
As on October 2024
The Beta for Aditya Birla Sun Life Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. 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 Mid Cap 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 Mid Cap Fund Direct Growth | 2.05 | 0.92 | 0.94 |
As on October 2024
The sharpe ratio for Aditya Birla Sun Life Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. 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 Mid Cap 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 Mid Cap Fund Direct Growth | 15.76 | 14.81 | 20.83 |
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 1.7 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Anil Shah is the fund manager of Aditya Birla Sun Life Mid Cap Fund Direct Growth
The Exit load of Aditya Birla Sun Life Mid Cap Fund Direct Growth is 1%