Aditya Birla Sun Life Mid Cap Fund Direct Growth
Equity
Direct
Mid-Cap
About the Fund
Aditya Birla Sun Life Mid Cap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Anil Shah. The fund could potentially beat inflation in the long-run.
Key Parameters
- Aditya Birla Sun Life Mid Cap Fund Direct Growth has ₹5801 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 1.
Returns
Aditya Birla Sun Life Mid Cap Fund Direct Growth has given a CAGR return of 18.43% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 47.89%, 23.08% and 24.81% respectively.
Holdings
Aditya Birla Sun Life Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Basic Materials, Health, Utilities, Tech, Consumer Defensive, Communication, Real Estate. Its top holdings are Torrent Power Ltd, Coromandel International Ltd, Cholamandalam Financial Holdings Ltd, K.P.R. Mill Ltd, Fortis Healthcare Ltd
Taxation
As it is a mid-cap 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 Mid Cap Fund Direct Growth
The investment objective of the scheme is long term growth of capital at controlled level of risk by investing primarily in 'Mid-Cap' Stocks.
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 Mid Cap Fund Direct Growth has no lock in period.
Fund Performance
875 people have invested ₹ 1.1Cr in Aditya Birla Sun Life Mid Cap Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
17
/19
32% Performance
21% Risk Management
44% Cost
17 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
Has not generated consistent returns
Does not beat the benchmark consistently
Higher probablity of downside risk
Fund Overview
| Expense ratio | 1.04% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹5801 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 16.15% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
Mid cap
68%
Small cap
18.9%
Large cap
11.4%
Sector Allocation
Consumer Cyclical
18.8%
Financial Services
18.6%
Industrial
17.5%
Basic Materials
16.1%
Health
9.2%
Utilities
5.2%
Tech
4.6%
Consumer Defensive
4.5%
Communication
2.9%
Real Estate
2.7%
All changes are between Apr'24 and Jun'24
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Cholamandalam Financial Holdings Ltd | 16.7% |
 Whirlpool of India Ltd | 11.9% |
 Coromandel International Ltd | 3.4% |
Anil Shah
Fund Manager of Aditya Birla Sun Life Mid Cap Fund Direct Growth, since 27 April 2020
Top funds managed
Mutual Fund Insights
Over the last 15 months, this fund has decreased expense ratio by 13.3% moving from 1.20 to 1.04.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 39.41% return, outperforming this fund by 14.59% per annum.
Over the last 3 months, this fund has experienced a 18.1% growth in AUM moving from 4.91K Cr to 5.80K Cr.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 1.04% which is lower than the category average expense ratio of 1.14%.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 40.05% return, outperforming this fund by 16.98% per annum.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 69.94% return, outperforming this fund by 22.05%.
Aditya Birla Sun Life Mid Cap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 18.43% since inception which is less than its category average return of 20.43%
Fund Allocations
This fund has an allocation of 98.69% in Equity, 0% in Debt and 1.31% in Cash related instruments
AUM size ₹5801 Cr
This fund has AUM of ₹5801 Cr which is less than its category average of ₹ 8824 Cr
Expense Ratio 1.04%
This fund has an expense ratio of 1.04% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions
The current NAV of Aditya Birla Sun Life Mid Cap Fund Direct Growth is ₹845.89 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Aditya Birla Sun Life Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.77% | 1.77% |
6 Month Returns | 23.13% | 23.13% |
1 Year Returns | 47.89% | 47.89% |
3 Years Returns | 86.44% | 23.08% |
5 Years Returns | 202.92% | 24.81% |
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1.04% as on June 2024
₹5801 Cr as on June 2024
Torrent Power Ltd(3.42%), Coromandel International Ltd(3.22%), Cholamandalam Financial Holdings Ltd(2.88%), K.P.R. Mill Ltd(2.71%), Fortis Healthcare Ltd(2.7%) as on June 2024
Consumer Cyclical(18.53%), Financial Services(18.31%), Industrial(17.26%) as on June 2024
The alpha ratio for the Aditya Birla Sun Life Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Aditya Birla Sun Life Mid Cap Fund Direct Growth | -3.39 | -0.72 | -2.66 |
As on June 2024
The alpha for Aditya Birla Sun Life Mid Cap Fund Direct Growth is calculated against S&P BSE Midcap 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 Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Aditya Birla Sun Life Mid Cap Fund Direct Growth | 0.98 | 0.89 | 0.92 |
As on June 2024
The Beta for Aditya Birla Sun Life Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap 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 Mid Cap 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 Mid Cap Fund Direct Growth | 2.5 | 1.23 | 0.86 |
As on June 2024
The sharpe ratio for Aditya Birla Sun Life Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap 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 Mid Cap 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 Mid Cap Fund Direct Growth | 14.15 | 14.23 | 20.96 |
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 2.53 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Anil Shah is the fund manager of Aditya Birla Sun Life Mid Cap Fund Direct Growth
The Exit load of Aditya Birla Sun Life Mid Cap Fund Direct Growth is 1%