Aditya Birla Sun Life Nifty India Defence Index Fund Direct Growth

Aditya Birla Sun Life Nifty India Defence Index Fund Direct Growth is an equity fund. This fund was started on 30 August, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

1. Aditya Birla Sun Life Nifty India Defence Index Fund Direct Growth has ₹385 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
2. The fund has an expense ratio 0.3.
   

Aditya Birla Sun Life Nifty India Defence Index Fund Direct Growth has given a CAGR return of -22.41% since inception.

Aditya Birla Sun Life Nifty India Defence Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Basic Materials, Tech, Consumer Cyclical. Its top holdings are Bharat Electronics Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Solar Industries India Ltd, Mazagon Dock Shipbuilders Ltd, Cochin Shipyard 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, before expenses, correspond to the total returns of securities as represented by the Nifty India Defence Total Return Index, subject to tracking errors.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Aditya Birla Sun Life Nifty India Defence Index Fund Direct Growth has no lock in period.