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

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

Equity

Direct

Index Funds

NAV as on 03-12-2024

₹ 17.42

0.7%

1D

Inception Returns

17%

/yr

About 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

  1. Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth has ₹320 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

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.

Holdings

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

Taxation

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 benefit
Dividends 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 Nifty 50 Equal Weight Index Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
3871 people have invested ₹ 56.1L in Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth in the last three months

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

Expense ratio0.4%
Benchmark
NIFTY50 Equal Weight PR INR
AUM₹320 Cr
Inception Date8 June, 2021
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
53.13%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (31-Oct-24)

  • Equity 99.9%

  • Debt & Cash 0.1%

Large cap
99.9%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
21.9%
Consumer Cyclical
15.2%
Basic Materials
12.4%
Tech
10.6%
Energy
9.8%
Consumer Defensive
9.5%
Health
8.4%
Industrial
6.2%
Utilities
3.9%
Communication
2%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-8.03%
2.65%
1.87%
Nifty 50
-6.17%
2.11%
0.90%
  • This fund’s returns stands at -8.03% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
  • This fund underperformed Nifty 50 by 1.86% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 320.1 Cr
₹ 331.4 Cr
₹ 319.3 Cr
  • AUM of the fund stands at 320.1 Cr as of Oct'24
  • AUM decreased by 11.4 Cr between Oct'24 and Sep'24
Top Stocks bought last month
State Bank of India's allocation increased from 1.97% to 2.24%
State Bank of India's allocation increased from 1.97% to 2.24%
Wipro Ltd's allocation increased from 2.01% to 2.23%
Wipro Ltd's allocation increased from 2.01% to 2.23%
Tech Mahindra Ltd's allocation increased from 1.95% to 2.17%
Tech Mahindra Ltd's allocation increased from 1.95% to 2.17%
Top Stocks sold last month
Hindalco Industries Ltd's allocation decreased from 2.09 % to 2.07 %
Hindalco Industries Ltd's allocation decreased from 2.09 % to 2.07 %
Britannia Industries Ltd's allocation decreased from 2.04 % to 2 %
Britannia Industries Ltd's allocation decreased from 2.04 % to 2 %
Tata Steel Ltd's allocation decreased from 5.26 % to 1.99 %
Tata Steel Ltd's allocation decreased from 5.26 % to 1.99 %
Large Cap allocation has gone up from 99.8% to 99.9%
Large Cap allocation has gone up from 99.8% to 99.9%
Cash allocation has gone down from 0.2% to 0.1%
Cash allocation has gone down from 0.2% to 0.1%

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Basic Materials

Oct'24
Financial Services
22%
Consumer Cyclical
15%
Basic Materials
12%
Sep'24
Financial Services
22%
Consumer Cyclical
16%
Basic Materials
12%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
52
52
52
Top 5 Company Concentration
11%
10.5%
11.4%
Company having highest exposure
State Bank of India (2.2%)
Bharat Petroleum Corp Ltd (2.2%)
SBI Life Insurance Company Limited (2.3%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
69.9%
70.2%
69.7%
Sector having highest exposure
Financial Services (21.9%)
Financial Services (21.7%)
Financial Services (21.3%)
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Fund House
Aditya Birla Sun Life AMC Ltd
Total AUM
₹3.89L Cr
as on 31-Oct-2024
Address
Aditya Birla Sun Life AMC Ltd,One World Centre, Tower 1, 17th Floor,Jupiter Mill Compound, 841, Senapati Bapat Marg,Elphinstone Road
Phone
+912243568000
Website
connect@birlasunlife.com

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 17.02% since inception which is more than its category average return of 16.31%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.92% in Equity, 0% in Debt and 0.08% in Cash related instruments
AUM size ₹320 Cr

AUM size ₹320 Cr

This fund has AUM of ₹320 Cr which is less than its category average of ₹ 818 Cr
Expense Ratio 0.4%

Expense Ratio 0.4%

This fund has an expense ratio of 0.4% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions for Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth

The current NAV of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is ₹17.42 as on 03-Dec-2024.
Existing (Absolute + CAGR) as on 03-Dec-2024.
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%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.4% as on November 2024
₹320 Cr as on November 2024
State Bank of India(2.24%), Wipro Ltd(2.23%), Grasim Industries Ltd(2.19%), HDFC Life Insurance Co Ltd(2.17%), Tech Mahindra Ltd(2.17%) as on November 2024
Financial Services(21.9%), Consumer Cyclical(15.22%), Basic Materials(12.35%) as on November 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
0.5
0.63
-
As on November 2024
The alpha for Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is calculated against NIFTY50 Equal Weight 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
1
1
-
As on November 2024
The Beta for Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is calculated with NIFTY50 Equal Weight 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
0.95
0.78
-
As on November 2024
The sharpe ratio for Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is calculated with NIFTY50 Equal Weight 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
14.47
14.16
-
As on November 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 1.32 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.86 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is 0%