Aditya Birla Sun Life Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 11-10-2024
₹ 18.61
▲0.1%
1D
Inception Returns
27.3%
/yr
About the Fund
Aditya Birla Sun Life Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 21 February, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Aditya Birla Sun Life Nifty Next 50 Index Fund Direct Growth has ₹144 Cr worth of assets under management (AUM) as on Aug 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Aditya Birla Sun Life Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 27.32% since inception. Over the last 1 year the fund has given a CAGR return of 66.90%.
Holdings
Aditya Birla Sun Life Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Utilities, Consumer Cyclical, Consumer Defensive, Health, Energy, Real Estate, Communication, Tech. Its top holdings are Vedanta Ltd, Hindustan Aeronautics Ltd Ordinary Shares, InterGlobe Aviation Ltd, Tata Power Co Ltd, Power Finance Corp 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 benefitDividends 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 Next 50 Index Fund Direct Growth
The investment objective of the Scheme is to provide returns that closely track the total returns of securities as represented by Nifty Next 50 Index, subject to tracking errors
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 Next 50 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
2617 people have invested ₹ 1.6Cr in Aditya Birla Sun Life Nifty Next 50 Index Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
1
/12
97% Performance
15% Cost
1 out of 12 among Index-Nifty-Next-50
Low tracking error in the category
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.33% |
Benchmark | IISL Nifty Next 50 TR INR |
| AUM | ₹144 Cr |
| Inception Date | 21 February, 2022 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 63.73% |
| 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 |
Fund Distribution
as on (31-Aug-24)
Large cap
91.6%
Mid cap
8.4%
Sector Allocation
Financial Services
21.9%
Industrial
19.7%
Consumer Cyclical
15.4%
Basic Materials
12.4%
Consumer Defensive
11.5%
Utilities
8.6%
Energy
2.8%
Health
2.6%
Communication
2.6%
Real Estate
2.4%
All changes are between Jun'24 and Aug'24
- This fund’s returns stands at 0.74% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at 0.90% as on Aug'24
- This fund underperformed Nifty Next 50 by 0.16% in Aug'24
- AUM of the fund stands at 144.5 Cr as of Aug'24
- AUM decreased by 21.1 Cr between Aug'24 and Jul'24
Top Stocks bought last month
Trent Ltd's allocation increased from 5.63% to 6.84%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.97% to 3.8%
TVS Motor Co Ltd's allocation increased from 2.58% to 2.84%
Top Stocks sold last month
Bharat Electronics Ltd's allocation decreased from 4.95 % to 4.65 %
Power Finance Corp Ltd's allocation decreased from 3.54 % to 3.46 %
REC Ltd's allocation decreased from 3.49 % to 3.32 %
Large Cap allocation has gone down from 89.3% to 89.1%
Mid Cap allocation has gone up from 10.5% to 10.6%
Cash allocation has gone up from 0.1% to 0.3%
Top 3 Sectors in August were Financial Services, Industrial & Consumer Cyclical
Aug'24
Financial Services
22%
Industrial
20%
Consumer Cyclical
15%
Jul'24
Financial Services
22%
Industrial
20%
Consumer Cyclical
14%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Vedanta Ltd | 15.7% |
 Divis Laboratories Ltd | 9.2% |
 Tata Power Company Ltd | 6.9% |
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Fund House
Aditya Birla Sun Life AMC Ltd
Total Schemes
Total AUM
₹3.81L Cr
as on 31-Aug-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 Next 50 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 27.32% since inception which is more than its category average return of 20.72%
Fund Allocations
This fund has an allocation of 100.03% in Equity, 0% in Debt and -0.03% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 818 Cr
Expense Ratio 0.33%
This fund has an expense ratio of 0.33% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of Aditya Birla Sun Life Nifty Next 50 Index Fund Direct Growth is ₹18.61 as on 11-Oct-2024.
Existing (Absolute + CAGR) as on 11-Oct-2024.
Aditya Birla Sun Life Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.29% | 1.29% |
6 Month Returns | 19.16% | 19.16% |
1 Year Returns | 66.9% | 66.9% |
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.
0.33% as on September 2024
₹144 Cr as on September 2024
Vedanta Ltd(4.23%), Hindustan Aeronautics Ltd Ordinary Shares(4.09%), InterGlobe Aviation Ltd(4.03%), Tata Power Co Ltd(3.97%), Power Finance Corp Ltd(3.46%) as on September 2024
Financial Services(22.37%), Industrial(18.88%), Basic Materials(12.24%) as on September 2024
The alpha ratio for the Aditya Birla Sun Life Nifty Next 50 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 Next 50 Index Fund Direct Growth | -0.45 | - | - |
As on September 2024
The alpha for Aditya Birla Sun Life Nifty Next 50 Index Fund Direct Growth is calculated against IISL Nifty Next 50 TR 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 Next 50 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 Next 50 Index Fund Direct Growth | 1 | - | - |
As on September 2024
The Beta for Aditya Birla Sun Life Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 TR 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 Next 50 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 Next 50 Index Fund Direct Growth | 3.88 | - | - |
As on September 2024
The sharpe ratio for Aditya Birla Sun Life Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 TR 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 Next 50 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 Next 50 Index Fund Direct Growth | 12.62 | - | - |
As on September 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 Next 50 Index Fund Direct Growth is 0%