Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth

Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth

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NAV: ₹ 16.65 as on 24-05-2024

About the Fund

Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 8 June, 2021. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth has ₹269 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.
Fund Performance
zero opening, trading, fund transfer fee
2149 people have invested ₹ 31.3L in Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.39%
Benchmark
Benchmark
NIFTY 50 Equal Weight Index PR INR
AUM
AUM
₹269 Cr
Inception Date
Inception Date
8 June, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
72.93%

Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 99.9%

  • Debt & Cash 0.1%

Size breakup

Large cap
97.8%
Mid cap
2.1%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
22.1%
Consumer Cyclical
14.3%
Basic Materials
12.6%
Tech
11.1%
Energy
10.1%
Health
9.7%
Consumer Defensive
9.7%
Utilities
4.3%
Industrial
4%
Communication
2.1%

Top Holdings of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth as on (30-Apr-24)

  • Equity

Equity Holdings50

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
1.02%
1.49%
2.32%
Nifty 50 Equal Weight
0.64%
-0.05%
1.32%
  • This fund’s returns stands at 1.02% whereas the fund’s underlying benchmark Nifty 50 Equal Weight returns stands at 0.64% as on Apr'24
  • This fund outperformed Nifty 50 Equal Weight by 0.38% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 259.6 Cr
₹ 259.6 Cr
₹ 250.9 Cr
  • AUM of the fund stands at 259.6 Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Aditya Birla Sun Life Nifty 50 Equal Weight Index 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 18.8% since inception which is less than its category average return of 20.38%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.94% in Equity, 0% in Debt and 0.06% in Cash related instruments
AUM size ₹269 Cr

AUM size ₹269 Cr

This fund has AUM of ₹269 Cr which is less than its category average of ₹ 717 Cr
Expense Ratio 0.39%

Expense Ratio 0.39%

This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is ₹16.65 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.28%
3.28%
6 Month Returns
20.46%
20.46%
1 Year Returns
38.09%
38.09%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.39% as on April 2024
₹269 Cr as on April 2024
Hindalco Industries Ltd(2.3%), Divi's Laboratories Ltd(2.28%), Eicher Motors Ltd(2.25%), Mahindra & Mahindra Ltd(2.24%), Axis Bank Ltd(2.21%) as on April 2024
Financial Services(22.07%), Consumer Cyclical(14.28%), Basic Materials(12.63%) as on April 2024
The alpha ratio for the Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth
-
-
-
As on April 2024
The alpha for Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is calculated against NIFTY 50 Equal Weight Index PR 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 Nifty 50 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth
-
-
-
As on April 2024
The Beta for Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is calculated with NIFTY 50 Equal Weight Index PR 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 Nifty 50 Equal Weight Index 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 Nifty 50 Equal Weight Index Fund Direct Growth
2.43
-
-
As on April 2024
The sharpe ratio for Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is calculated with NIFTY 50 Equal Weight Index PR 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 Nifty 50 Equal Weight Index 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 Nifty 50 Equal Weight Index Fund Direct Growth
10.89
-
-
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.
The Exit load of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is 0%