Aditya Birla Sun Life Multi Index Fund of Funds Direct Growth

Aditya Birla Sun Life Multi Index Fund of Funds Direct Growth is a hybrid fund. This fund was started on 17 October, 2022. The fund is managed by Vinod Bhat. This fund gives you the benefit of diversification.

1. Aditya Birla Sun Life Multi Index Fund of Funds Direct Growth has ₹19 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.6.
   

Aditya Birla Sun Life Multi Index Fund of Funds Direct Growth has given a CAGR return of 18.60% since inception. Over the last 1 year the fund has given a CAGR return of 7.71%.

Aditya Birla Sun Life Multi Index Fund of Funds Direct Growth has allocated its funds majorly in Government, Financial Services, Cash Equivalent, Consumer Defensive, Industrial, Tech, Consumer Cyclical, Basic Materials, Energy, Utilities, Health, Communication, Real Estate.

As it is a fund of funds mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The primary objective of the Scheme is to generate capital appreciation by investing in passively managed instruments such as ETFs and Index Funds of equity and equity related instruments (domestic index funds & ETFs as well as overseas ETFs), fixed income securities, Gold / Silver. The Scheme does not guarantee/indicate any returns. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Aditya Birla Sun Life Multi Index Fund of Funds Direct Growth has no lock in period.