Aditya Birla Sun Life India Gennext Fund Direct Plan Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
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|Fund Type||Equity - Consumption|
|Exit Load||1% for 90 Days|
More about this fund
|ICICI Bank Ltd||7.19%|
|HDFC Bank Ltd||5.33%|
|Bharti Airtel Ltd||4.45%|
|Hindustan Unilever Ltd||3.86%|
|Axis Bank Ltd||2.52%|
|Tata Consumer Products Ltd||2.35%|
|Crompton Greaves Consumer Electricals Ltd||2.29%|
|Maruti Suzuki India Ltd||2.26%|
|Bajaj Finserv Ltd||1.91%|
About Aditya Birla Sun Life India GenNext Fund - Direct Plan - Growth
The primary goal of this fund is to generate returns in the form of long-term capital gains by investing primarily in the companies that benefit from the market movements towards the north when the consumption in the economy is on the higher side.
Pros and Cons of Aditya Birla Sun Life India GenNext Fund - Direct Plan - Growth
The main advantage of investing in this fund is that you get exposure to a variety of companies that are driven by the consumption pattern in India. These companies try to capitalise on the disposable income at the hands of the youth in the country. On the flip side, the fund is easily affected by market volatility since consumption varies due to a lot of parameters.
Fund Information and Statistics
i) Inception/Launch Date
Aditya Birla Sun Life India GenNext Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
The risk level of this fund is categorised under ‘high’ since it invests only in the companies of one sector, which is consumption.
Since Aditya Birla Sun Life India GenNext Fund - Direct Plan - Growth is an open-ended scheme, you can redeem your investment at any time.
iv) Fund Manager
Mr Chanchal Khandelwal is the current fund manager of Aditya Birla Sun Life India GenNext Fund.
v) Entry/Exit Load
There is no entry load as per the guidelines of the Indian securities market watchdog. An exit load of 1% is payable on redeeming your investments within a period of one year from the date of allotment. No exit load applies after one year.
About Aditya Birla Sun Life India Mutual Fund
Aditya Birla Sun Life Mutual Fund entered the Indian mutual fund industry back in the year 1994 when it registered with the Indian securities market regulator with Aditya Birla Capital Limited and Sun Life India (AMC) as its sponsors. Its assets under management (AUM) touched a massive Rs 2.14 lakh crore as of June 2020. Aditya Birla Sun Life Trustee Company Private Limited is its trustee.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns