Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 26-11-2024
₹ 17.23
1D
Inception Returns
17%
/yr
About 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.
Key Parameters
- Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth has ₹320 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth has given a CAGR return of 16.97% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 24.64% and 17.18% respectively.
Holdings
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, Tech, Energy, Consumer Defensive, Health, Industrial, Utilities, Communication. Its top holdings are State Bank of India, Wipro Ltd, Grasim Industries Ltd, HDFC Life Insurance Co Ltd, Tech Mahindra Ltd
Taxation
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 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 Nifty 50 Equal Weight Index Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth Overview
| Expense ratio | 0.4% |
Benchmark | NIFTY50 Equal Weight PR INR |
| AUM | ₹320 Cr |
| Inception Date | 8 June, 2021 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 53.13% |
| 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 |
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -8.03% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
- This fund underperformed Nifty 50 by 1.86% in Oct'24
- AUM of the fund stands at 320.1 Cr as of Oct'24
- AUM decreased by 11.4 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Basic Materials
Top Growth Drivers | 1M Return |
|---|---|
 State Bank of India | 6.6% |
 ICICI Bank Ltd | 0.6% |
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹320 Cr
Expense Ratio 0.4%
Frequently Asked Questions for Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.54% | -1.54% |
6 Month Returns | 3.46% | 3.46% |
1 Year Returns | 24.64% | 24.64% |
3 Years Returns | 60.92% | 17.18% |
5 Years Returns | 0% | 0% |
- 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 Nifty 50 Equal Weight Index Fund Direct Growth | 0.52 | 0.68 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth | 1 | 1 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth | 1.6 | 0.74 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth | 14.85 | 14.34 | - |