Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth

Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 8 June, 2021. The fund is managed by . The fund could potentially beat inflation in the long-run.

1. Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth has ₹338 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
2. The fund has an expense ratio 0.4.
   

Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth has given a CAGR return of 13.59% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -0.19% and 14.93% respectively.

Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Consumer Defensive, Energy, Tech, Health, Industrial, Utilities, Communication. Its top holdings are Bajaj Finance Ltd, Bajaj Finserv Ltd, Maruti Suzuki India Ltd, Kotak Mahindra Bank Ltd, Tata Consumer Products Ltd

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by Nifty 50 Equal Weight TR Index, subject to tracking errors. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth has no lock in period.