Aditya Birla Sun Life India Gennext Fund Direct Growth

Equity
Direct
Equity - Consumption
Aditya Birla Sun Life India Gennext Fund Direct Growth

About the Fund

Aditya Birla Sun Life India Gennext Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Chanchal Khandelwal. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Aditya Birla Sun Life India Gennext Fund Direct Growth has ₹5442 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

Aditya Birla Sun Life India Gennext Fund Direct Growth has given a CAGR return of 19.02% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 34.61%, 21.05% and 23.09% respectively.

Holdings

Aditya Birla Sun Life India Gennext Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Consumer Defensive, Financial Services, Communication, Health, Industrial, Basic Materials, Real Estate. Its top holdings are ICICI Bank Ltd, Bharti Airtel Ltd, ITC Ltd, HDFC Bank Ltd, Trent Ltd

Taxation

As it is a equity - consumption 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 benefit
Dividends 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 India Gennext Fund Direct Growth

An Open-ended growth scheme with the objective to target growth of capital by investing in equity/equity related instruments of companies that are expected to benefit from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the young generation (Generation Next). The scheme will invest in companies that have the following characteristics: 1. Companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand identity, thereby enabling choice.

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 India Gennext Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
1332 people have invested ₹ 2Cr in Aditya Birla Sun Life India Gennext Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
IND ranking is not available for this fund.
img
Larger AUM within category
img
Beats FD returns for both 3Y & 5Y duration
img
3Y returns in the bottom 25% of the category

Fund Overview

Expense ratio0.76%
Benchmark
S&P BSE 500 India TR INR
AUM₹5442 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
10.02%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 97.9%

  • Debt & Cash 2.1%

Large cap
65.1%
Mid cap
16.7%
Small cap
15.5%
Sector Allocation

Jun'24

May'24

Apr'24

Consumer Cyclical
30.9%
Consumer Defensive
26.9%
Financial Services
20.6%
Communication
6.7%
Health
6.1%
Industrial
5.1%
Basic Materials
3%
Real Estate
0.7%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
ICICI Bank Ltd
ICICI Bank Ltd
4.71%
0%
Bharti Airtel Ltd
Bharti Airtel Ltd
4.62%
0%
ITC Ltd
ITC Ltd
4.39%
0%
HDFC Bank Ltd
HDFC Bank Ltd
3.88%
0%
Trent Ltd
Trent Ltd
3.55%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Aditya Birla Sun Life India Gennext Fund Direct Growth
Aditya Birla Sun Life India Gennext Fund Direct Growth
34.6%
21.1%
23.1%
19%
Nippon India Consumption Fund - Direct Plan - Growth Plan
Nippon India Consumption Fund - Direct Plan - Growth Plan
43.7%
26.9%
28.1%
16.3%
Tata India Consumer Fund Direct Growth
Tata India Consumer Fund Direct Growth
40.3%
22.7%
23.9%
20.4%
ICICI Prudential Bharat Consumption Fund Direct Cumulative
ICICI Prudential Bharat Consumption Fund Direct Cumulative
40%
26.4%
23.4%
20.5%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Cholamandalam Financial Holdings Ltd
Cholamandalam Financial Holdings Ltd
16.7%
Whirlpool of India Ltd
Whirlpool of India Ltd
11.9%

Chanchal Khandelwal
Chanchal Khandelwal
Fund Manager of Aditya Birla Sun Life India Gennext Fund Direct Growth, since 26 August 2015
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Aditya Birla Sun Life MNC Fund Direct Plan Growth
13.5%
--
Aditya Birla Sun Life Equity Hybrid '95 Fund Direct Plan Growth
14.35%
16.44%
Aditya Birla Sun Life India Gennext Fund Direct Plan Growth
21.05%
--

Mutual Fund Insights

Insights icon
This fund with AUM at ₹5442.31Cr is among the largest funds in the equity - consumption category.
Insights icon
Over the last 6 months, this fund has experienced a 17.9% growth in AUM moving from 4.61K Cr to 5.44K Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (equity - consumption). Its expense ratio is 0.76% which is lower than the category average expense ratio of 1.44%.
Insights icon
Over the last 6 months, this fund has decreased expense ratio by 6.2% moving from 0.81 to 0.76.
Insights icon
In the last 3 years, SBI Consumption Opportunities Fund Direct Plan Growth has given 28.43% return, outperforming this fund by 7.37% per annum.
Insights icon
In the last 5 years, Nippon India Consumption Fund - Direct Plan - Growth Plan has given 28.13% return, outperforming this fund by 5.04% per annum.
Insights icon
In the last 1 year, Nippon India Consumption Fund - Direct Plan - Growth Plan has given 43.65% return, outperforming this fund by 9.05%.

Aditya Birla Sun Life India Gennext 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 19.02% since inception which is less than its category average return of 20.29%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.86% in Equity, 0% in Debt and 2.14% in Cash related instruments
AUM size ₹5442 Cr

AUM size ₹5442 Cr

This fund has AUM of ₹5442 Cr which is more than its category average of ₹ 1588 Cr
Expense Ratio 0.76%

Expense Ratio 0.76%

This fund has an expense ratio of 0.76% which is less than its category average expense ratio of 1.49%

Frequently Asked Questions

The current NAV of Aditya Birla Sun Life India Gennext Fund Direct Growth is ₹241.19 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Aditya Birla Sun Life India Gennext Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.95%
3.95%
6 Month Returns
21.15%
21.15%
1 Year Returns
34.61%
34.61%
3 Years Returns
77.39%
21.05%
5 Years Returns
182.58%
23.09%
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.
0.76% as on June 2024
₹5442 Cr as on June 2024
ICICI Bank Ltd(4.71%), Bharti Airtel Ltd(4.62%), ITC Ltd(4.39%), HDFC Bank Ltd(3.88%), Trent Ltd(3.55%) as on June 2024
Consumer Cyclical(30.27%), Consumer Defensive(26.36%), Financial Services(20.13%) as on June 2024
The alpha ratio for the Aditya Birla Sun Life India Gennext Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Aditya Birla Sun Life India Gennext Fund Direct Growth
-0.11
1.05
1.12
As on June 2024
The alpha for Aditya Birla Sun Life India Gennext Fund Direct Growth is calculated against S&P BSE 500 India TR INR. 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 India Gennext Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Aditya Birla Sun Life India Gennext Fund Direct Growth
0.95
0.86
1.02
As on June 2024
The Beta for Aditya Birla Sun Life India Gennext Fund Direct Growth is calculated with S&P BSE 500 India TR INR. 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 India Gennext Fund Direct 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 India Gennext Fund Direct Growth
2.06
1.15
0.89
As on June 2024
The sharpe ratio for Aditya Birla Sun Life India Gennext Fund Direct Growth is calculated with S&P BSE 500 India TR INR. 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 India Gennext Fund Direct 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 India Gennext Fund Direct Growth
11.03
12.41
17.72
As on June 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 2.52 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Chanchal Khandelwal is the fund manager of Aditya Birla Sun Life India Gennext Fund Direct Growth
The Exit load of Aditya Birla Sun Life India Gennext Fund Direct Growth is 1%