Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth

Hybrid
Direct
Children
Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth

About the Fund

Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth is a hybrid fund. This fund was started on 12 February, 2019. The fund is managed by Harshil Suvarnkar. This fund gives you the benefit of diversification.

Key Parameters

  1. Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth has ₹1060 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.7.

Returns

Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth has given a CAGR return of 15.53% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 34.07%, 16.01% and 16.72% respectively.

Holdings

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

Taxation

As it is a children 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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth

The investment objective of the Wealth Plan is to seek generation of capital appreciation by creating a portfolio that is predominantly investing in equity & equity related securities and debt and money market instruments.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. There is a lock in period for Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth of 5 Years

Fund Performance
zero opening, trading, fund transfer fee
66 people have invested ₹ 81K in Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.66%
Benchmark
IISL Nifty 500 TR INR
AUM₹1060 Cr
Inception Date12 February, 2019
Min Lumpsum/SIP₹1000/₹500
Exit Load0%
Lock In5 Years
TurnOver
47.61%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 97.9%

  • Debt & Cash 2.1%

Large cap
59.3%

Small cap
21.6%

Mid cap
17.1%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
28.1%
Consumer Cyclical
17.3%
Industrial
14.1%
Energy
9.2%
Basic Materials
6.9%
Tech
5.6%
Communication
5.2%
Consumer Defensive
4.8%
Utilities
4.8%
Health
2.9%
Real Estate
1.2%
All changes are between Oct'69 and Dec'69

Harshil Suvarnkar
Harshil Suvarnkar
Fund Manager of Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth, since 22 March 2021

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (children). Its expense ratio is 0.66% which is lower than the category average expense ratio of 1.49%.
Insights icon
In the last 3 years, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 32.17% return, outperforming this fund by 16.16% per annum.
Insights icon
In the last 1 year, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 47.29% return, outperforming this fund by 13.22%.
Insights icon
Over the last 6 months, this fund has decreased expense ratio by 10.8% moving from 0.74 to 0.66.
Insights icon
Over the last 6 months, this fund has experienced a 16.7% growth in AUM moving from 908.67 Cr to 1.06K Cr.
Insights icon
In the last 5 years, Tata Young Citizens' Fund (After 7 years) Direct Plan Growth has given 21.27% return, outperforming this fund by 4.55% per annum.

Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.53% since inception which is more than its category average return of 13.73%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.93% in Equity, 0% in Debt and 2.07% in Cash related instruments
AUM size ₹1060 Cr

AUM size ₹1060 Cr

This fund has AUM of ₹1060 Cr which is less than its category average of ₹ 1664 Cr
Expense Ratio 0.66%

Expense Ratio 0.66%

This fund has an expense ratio of 0.66% which is less than its category average expense ratio of 1.7%

Frequently Asked Questions

The current NAV of Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth is ₹21.57 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.03%
4.03%
6 Month Returns
19.46%
19.46%
1 Year Returns
34.07%
34.07%
3 Years Returns
56.13%
16.01%
5 Years Returns
116.6%
16.72%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.66% as on June 2024
₹1060 Cr as on June 2024
ICICI Bank Ltd(6.11%), HDFC Bank Ltd(5.25%), Infosys Ltd(4.45%), Reliance Industries Ltd(4.39%), Axis Bank Ltd(3.41%) as on June 2024
Financial Services(27.52%), Consumer Cyclical(16.92%), Industrial(13.77%) as on June 2024
Harshil Suvarnkar is the fund manager of Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth
The Exit load of Aditya Birla Sun Life Bal Bhavishya Yojna Fund Direct Growth is 0%