Aditya Birla Sun Life Digital India Fund Direct Plan Growth

Aditya Birla Sun Life Digital India Fund Direct Plan Growth

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Equity
Direct
Sector - Technology
NAV: ₹ 170.03 as on 23-05-2024

About the Fund

Aditya Birla Sun Life Digital India Fund Direct Plan 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

  1. Aditya Birla Sun Life Digital India Fund Direct Plan Growth has ₹4414 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.
Fund Performance
zero opening, trading, fund transfer fee
6814 people have invested ₹ 2.4Cr in Aditya Birla Sun Life Digital India Fund Direct Plan Growth in the last three months

Overview

Expense ratio
Expense ratio
0.78%
Benchmark
Benchmark
S&P BSE IT
AUM
AUM
₹4414 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
31.42%

Aditya Birla Sun Life Digital India Fund Direct Plan Growth Distribution as on (30-Apr-24)

  • Equity 98.9%

  • Debt & Cash 1.1%

Size breakup

Large cap
68.8%
Small cap
20.1%
Mid cap
10%
Sector Allocation

Apr'24

Mar'24

Feb'24

Tech
73.3%
Communication
14%
Industrial
9.6%
Consumer Cyclical
3%

Top Holdings of Aditya Birla Sun Life Digital India Fund Direct Plan Growth as on (30-Apr-24)

  • Equity

Equity Holdings34

Gainers & Losers Returns for the month of Apr

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
-2.81%
-5.38%
1.73%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at -2.81% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund underperformed Nifty 500 by 5.27% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 4.6K Cr
₹ 4.6K Cr
₹ 4.8K Cr
  • AUM of the fund stands at 4.6K Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

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In the last 1 year, Franklin India Technology Fund Direct Growth has given 53.46% return, outperforming this fund by 25.09%.
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Over the last 1 year, this fund has increased expense ratio by 20.0% moving from 0.65 to 0.78.
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In the last 3 years, Franklin India Technology Fund Direct Growth has given 20.05% return, outperforming this fund by 3.95% per annum.
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This fund has one of the lowest expense ratio in the category (sector - technology). Its expense ratio is 0.78% which is lower than the category average expense ratio of 1.23%.
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In the last 5 years, this fund has outperformed all funds in its category.
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Over the last 3 months, this fund has experienced a 6.4% drop in AUM moving from 4.71K Cr to 4.41K Cr.

INDmoney Rank

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IND ranking is not available for this fund.

Pros

5Y returns in the top 25% of the category
Among most bought funds within the category
Beats FD returns for both 3Y & 5Y duration

Cons

3Y returns in the bottom 25% of the category

Fund Manager

Kunal Sangoi
Kunal Sangoi
Fund Manager of Aditya Birla Sun Life Digital India Fund Direct Plan Growth, since 16 January 2014

Aditya Birla Sun Life Digital India Fund Direct Plan Growth Highlights

Risk meter
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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 21.69% since inception which is less than its category average return of 26.5%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.91% in Equity, 0% in Debt and 1.09% in Cash related instruments
AUM size ₹4414 Cr

AUM size ₹4414 Cr

This fund has AUM of ₹4414 Cr which is more than its category average of ₹ 2999 Cr
Expense Ratio 0.78%

Expense Ratio 0.78%

This fund has an expense ratio of 0.78% which is less than its category average expense ratio of 1.25%

Frequently Asked Questions

The current NAV of Aditya Birla Sun Life Digital India Fund Direct Plan Growth is ₹170.03 as on 23-May-2024.
Existing (Absolute + CAGR) as on 23-May-2024.
Aditya Birla Sun Life Digital India Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.45%
0.45%
6 Month Returns
5.54%
5.54%
1 Year Returns
28.37%
28.37%
3 Years Returns
56.52%
16.11%
5 Years Returns
216.1%
25.88%
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0.78% as on April 2024
₹4414 Cr as on April 2024
Infosys Ltd(22.91%), Tata Consultancy Services Ltd(11.05%), Bharti Airtel Ltd(8.91%), HCL Technologies Ltd(7.04%), LTIMindtree Ltd(6.61%) as on April 2024
Tech(72.51%), Communication(13.86%), Industrial(9.53%) as on April 2024
The alpha ratio for the Aditya Birla Sun Life Digital India Fund Direct Plan Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Aditya Birla Sun Life Digital India Fund Direct Plan Growth
2.91
4.25
6.11
As on April 2024
The alpha for Aditya Birla Sun Life Digital India Fund Direct Plan Growth is calculated against S&P BSE IT. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Aditya Birla Sun Life Digital India Fund Direct Plan Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Aditya Birla Sun Life Digital India Fund Direct Plan Growth
1.04
0.97
1.02
As on April 2024
The Beta for Aditya Birla Sun Life Digital India Fund Direct Plan Growth is calculated with S&P BSE IT. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Aditya Birla Sun Life Digital India Fund Direct Plan Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Aditya Birla Sun Life Digital India Fund Direct Plan Growth
1.58
0.64
0.9
As on April 2024
The sharpe ratio for Aditya Birla Sun Life Digital India Fund Direct Plan Growth is calculated with S&P BSE IT. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Aditya Birla Sun Life Digital India Fund Direct Plan Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Aditya Birla Sun Life Digital India Fund Direct Plan Growth
14.39
18.18
20.68
As on April 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.87 as on April 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Kunal Sangoi is the fund manager of Aditya Birla Sun Life Digital India Fund Direct Plan Growth
The Exit load of Aditya Birla Sun Life Digital India Fund Direct Plan Growth is 1%