Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 15.95 as on 16-04-2024
Fund Performance
2193 people have invested ₹ 35.3L in Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth in the last three months
About the Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth
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
- Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth has ₹260 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth Overview
 | 0.39% |
 Benchmark | NIFTY 50 Equal Weight Index PR INR |
 | ₹260 Cr |
 | 8 June, 2021 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 72.93% |
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
97.9%
Mid cap
2%
Sector Allocation
Financial Services
22.1%
Consumer Cyclical
14.1%
Basic Materials
12%
Tech
11.7%
Energy
10.1%
Health
9.9%
Consumer Defensive
9.9%
Industrial
4.1%
Utilities
4%
Communication
2%
Top Holdings of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth as on (31-Mar-24)
Equity Holdings50
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.49% whereas the fund’s underlying benchmark Nifty 50 Equal Weight returns stands at -0.05% as on Mar'24
- This fund outperformed Nifty 50 Equal Weight by 1.54% in Mar'24
AUM Change
- AUM of the fund stands at 259.6 Cr as of Mar'24
- AUM increased by 8.7 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bajaj Finance Ltd | 12% |
 Bajaj Auto Ltd | 8.1% |
 Bharti Airtel Ltd | 4.9% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Wipro Ltd | -6.7% |
 Tata Consumer Products Ltd | -2.5% |
Peer Analysis
Aditya Birla Sun Life Nifty 50 Equal Weight Index 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 17.76% since inception which is less than its category average return of 19.06%
Fund Allocations
This fund has an allocation of 99.87% in Equity, 0% in Debt and 0.13% in Cash related instruments
AUM size ₹260 Cr
This fund has AUM of ₹260 Cr which is less than its category average of ₹ 683 Cr
Expense Ratio 0.39%
This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is ₹15.95 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.97% | 0.97% |
6 Month Returns | 17.77% | 17.77% |
1 Year Returns | 38.43% | 38.43% |
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 March 2024
₹260 Cr as on March 2024
Bajaj Finance Ltd(2.12%), Adani Ports & Special Economic Zone Ltd(2.07%), Larsen & Toubro Ltd(2.05%), Bajaj Finserv Ltd(2.04%), NTPC Ltd(2.04%) as on March 2024
Financial Services(22.11%), Consumer Cyclical(14.06%), Basic Materials(12.03%) as on March 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 March 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 March 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 | 2.81 | - | - |
As on March 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 | 11.01 | - | - |
As on March 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%