Aditya Birla Sun Life India Gennext Fund Direct Growth

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.

1. Aditya Birla Sun Life India Gennext Fund Direct Growth has ₹5267 Cr worth of assets under management (AUM) as on Feb 2025 and is more than category average.
2. The fund has an expense ratio 0.9.
   

Aditya Birla Sun Life India Gennext Fund Direct Growth has given a CAGR return of 17.18% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.95%, 16.23% and 24.77% respectively.

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 Bharti Airtel Ltd, ITC Ltd, ICICI Bank Ltd, Zomato Ltd, Maruti Suzuki India Ltd

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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 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.