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
1829 people have invested ₹ 43.5L in mutual fund in the last three months
Fund Insights
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%
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 | 0.14% |
Benchmark | NIFTY 50 Equal Weight Index PR INR |
AUM | ₹149 Cr |
Inception Date | 8 June, 2021 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 0% |
Fund Distribution as on (31-Dec-22)
Size breakup
Large cap
99.1%
Sector Allocation
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 Holdings50
Debt Holdings1
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
Titan Co Ltd | 2.06% | 19.5% | |
Adani Enterprises Ltd | 2.03% | 8.6% | |
State Bank of India | 2.02% | 2.5% | |
Coal India Ltd | 2.02% | 11.2% | |
Tata Steel Ltd | 2.01% | 1.1% |
See all
What changed
in last one month
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)
Winners & Losers as on (31-Dec-22)
Top Growth Drivers | 1M Return |
|---|---|
Oil & Natural Gas Corpn Ltd | 4.8% |
IndusInd Bank Ltd | 3.9% |
Axis Bank Ltd | 3.3% |
Top Losers | 1M Return |
|---|---|
Tata Motors Ltd | -11.5% |
Infosys Ltd | -9% |
HCL Technologies Ltd | -8.5% |
Peer Analysis
Fund Manager
Lovelish Solanki
Fund Manager of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth, since 8 June 2021
Top funds managed
Pranav Gupta
Fund Manager of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth, since 8 June 2022
Top funds managed
AMC details
Fund House
Aditya Birla Sun Life AMC Ltd
Total Schemes
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
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 8.55% since inception which is more than its category average return of 6.48%
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
This fund has AUM of ₹149 Cr which is less than its category average of ₹ 477 Cr
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% |
With INDmoney, the process of investing is very simple and involves zero commission.
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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.