Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth
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: ₹ 11.5 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
1829 people have invested ₹ 43.5L in mutual fund in the last three months

Fund Insights

Insights icon

In the last 1 year, DSP Nifty 50 Equal Weight Index Fund Direct Growth has given 4.81% return, outperforming this fund by 0.3%

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This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.14% which is lower than the category average expense ratio of 0.63%

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 Lovelish Solanki, Pranav Gupta. 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 a NAV of 11.4681 as on 08-02-2023.

2) Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth has 149 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 0.14 %.

Fund Overview

Expense ratio
Expense ratio
0.14%
Benchmark
Benchmark
NIFTY 50 Equal Weight Index PR INR
AUM
AUM
₹149 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
0%

Fund Distribution as on (31-Dec-22)

  • Equity 99.1%
  • Debt & Cash 0.9%
Size breakup
Large cap
99.1%

Sector Allocation

Dec'22

Nov'22

Oct'22

Financial Services

22%

Consumer Cyclical

14.1%

Basic Materials

14%

Energy

10.1%

Tech

10%

Consumer Defensive

9.9%

Health

9.8%

Utilities

4%

Industrial

4%

Communication

2%

Top Holdings as on (31-Dec-22)

  • Equity
  • Debt & Cash
Equity Holdings50
Debt Holdings1

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 9.5 Cr in last 1M
Dec'22 return underperformed benchmark

Change in AUM

Dec'22
₹ 148.7 Cr
Nov'22
₹ 139.1 Cr
Oct'22
₹ 136.9 Cr

Fund Returns vs Benchmark

Jan'23
4.26%
6.66%
Dec'22
3.49%
3.38%
Nov'22
4.26%
6.66%
Fund Return
Benchmark Return

Concentration Analysis as on (31-Dec-22)

Fund
Dec'22
Nov'22
Oct'22
No of Holdings
51
51
51
Top 5 Company Concentration
10.1%
11%
10.6%
Company having highest exposure
Titan Co Ltd (2.1%)
Axis Bank Ltd (2.2%)
Axis Bank Ltd (2.3%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
69.7%
70.2%
68.1%
Sector having highest exposure
Financial Services (21.8%)
Financial Services (22%)
Financial Services (21.4%)

Fund Manager

Lovelish Solanki

Lovelish Solanki

Fund Manager of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth, since 8 June 2021
Pranav Gupta

Pranav Gupta

Fund Manager of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth, since 8 June 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Aditya Birla Sun Life Nifty 50 Index Fund Direct Plan Growth
14.71%
--

AMC details

Fund House
Aditya Birla Sun Life AMC Ltd
Total AUM
₹2.84L Cr
as on 31-Dec-2022
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
Email
connect@birlasunlife.com

Fund 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 8.55% since inception which is more than its category average return of 6.48%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.14% in Equity, 0% in Debt and 0.86% in Cash related instruments
AUM size ₹149 Cr

AUM size ₹149 Cr

This fund has AUM of ₹149 Cr which is less than its category average of ₹ 477 Cr
Expense Ratio 0.14%

Expense Ratio 0.14%

This fund has an expense ratio of 0.14% which is less than its category average expense ratio of 0.53%

Frequently Asked Questions

The current NAV of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is 11.35 as on 07-Feb-2023.
Existing (Absolute + CAGR)
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-2.36%
-2.36%
6 Month Returns
0.53%
0.53%
1 Year Returns
3.68%
3.68%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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0.14 as on January 2023
149 Cr as on January 2023
Titan Co Ltd(2.06%),Adani Enterprises Ltd(2.03%),State Bank of India(2.02%),Coal India Ltd(2.02%),Wipro Ltd(2.01%) as on January 2023
Financial Services(21.84%),Consumer Cyclical(14.02%),Basic Materials(13.84%) as on January 2023
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 January 2023
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 January 2023
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
0.05
-
-
As on January 2023
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
16.52
-
-
As on January 2023
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.
Lovelish Solanki,Pranav Gupta are the fund managers of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth
The Exit load of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is 0%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.