Equity
Direct
Index Funds
NAV as on 03-12-2024
₹ 17.42
▲0.7%
1D
Inception Returns
17%
/yr
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.
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth has given a CAGR return of 17.02% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 21.66% and 16.67% respectively.
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Tech, Energy, Consumer Defensive, Health, Industrial, Utilities, Communication. Its top holdings are State Bank of India, Wipro Ltd, Grasim Industries Ltd, HDFC Life Insurance Co Ltd, Tech Mahindra Ltd
As it is a index funds 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.
The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by Nifty 50 Equal Weight TR Index, subject to tracking errors. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth has no lock in period.
Expense ratio | 0.4% |
Benchmark | NIFTY50 Equal Weight PR INR |
AUM | ₹320 Cr |
Inception Date | 8 June, 2021 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 53.13% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Basic Materials
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.75% | -1.75% |
6 Month Returns | 6.1% | 6.1% |
1 Year Returns | 21.66% | 21.66% |
3 Years Returns | 58.81% | 16.67% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth | 0.5 | 0.63 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth | 1 | 1 | - |
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 | 0.95 | 0.78 | - |
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 | 14.47 | 14.16 | - |