Aditya Birla Sun Life Digital India Fund Direct Growth
About the Fund
Aditya Birla Sun Life Digital India Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Kunal Sangoi. The fund could potentially beat inflation in the long-run.
Key Parameters
- Aditya Birla Sun Life Digital India Fund Direct Growth has ₹4660 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
Aditya Birla Sun Life Digital India Fund Direct Growth has given a CAGR return of 22.99% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 39.32%, 15.76% and 29.24% respectively.
Holdings
Aditya Birla Sun Life Digital India Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Industrial, Consumer Cyclical. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, Bharti Airtel Ltd, HCL Technologies Ltd, LTIMindtree Ltd
Taxation
As it is a sector - technology 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 Digital India Fund Direct Growth
The primary investment objective of the scheme is to generate long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. The secondary objective is income generation and distribution of IDCW.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Aditya Birla Sun Life Digital India Fund Direct Growth has no lock in period.
INDmoney Rank
Fund Overview
| Expense ratio | 0.77% |
Benchmark | S&P BSE IT |
| AUM | ₹4660 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 31.42% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Infosys Ltd | 20.3% |
 LTIMindtree Ltd | 11.3% |
 HCL Technologies Ltd | 10.9% |
Mutual Fund Insights
Aditya Birla Sun Life Digital India Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹4660 Cr
Expense Ratio 0.77%
Frequently Asked Questions
Aditya Birla Sun Life Digital India Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 11.52% | 11.52% |
6 Month Returns | 10.5% | 10.5% |
1 Year Returns | 39.32% | 39.32% |
3 Years Returns | 55.14% | 15.76% |
5 Years Returns | 260.57% | 29.24% |
- 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 Digital India Fund Direct Growth | -1.51 | 2.9 | 6.14 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Aditya Birla Sun Life Digital India Fund Direct Growth | 1.03 | 0.96 | 1.02 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Aditya Birla Sun Life Digital India Fund Direct Growth | 1.25 | 0.51 | 1.01 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Aditya Birla Sun Life Digital India Fund Direct Growth | 15.99 | 18.14 | 20.87 |