Aditya Birla Sun Life MNC Fund Direct Plan Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Very High Risk|
|Fund Type||Equity - Other|
|Exit Load||1% for 365 Days|
More about this fund
|Honeywell Automation India Ltd||9.79%|
|Kotak Mahindra Bank Ltd||7.48%|
|Pfizer Ltd Shs Dematerialised||7.34%|
|Bayer CropScience Ltd||6.89%|
|GlaxoSmithKline Pharmaceuticals Ltd||5.83%|
|Gillette India Ltd Shs Dematerialised||5.77%|
|Kansai Nerolac Paints Ltd||4.95%|
|Johnson Controls - Hitachi Air Conditioning India Ltd||4.93%|
|IDFC First Bank Ltd||4.91%|
|Hindustan Unilever Ltd||4.81%|
About Aditya Birla Sun Life MNC Fund - Direct Plan - Growth
The main goal of this fund is to generate returns in the form of long-term capital gains by investing predominantly in the equity and equity-linked instruments being issued by the multi-national companies operating across all sectors.
Pros and Cons of Aditya Birla Sun Life MNC Fund - Direct Plan - Growth
The most significant advantage of investing in this fund is that you get exposure to a diversified portfolio consisting of stocks of multi-national companies of all sectors. The fund also invests in initial public offerings (IPO) and initial market offerings. On the flip side, higher equity exposure makes the fund not suitable for risk-averse investors.
Fund Information and Statistics
i) Inception/Launch Date
Aditya Birla Sun Life MNC Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
The risk level of this fund is ‘moderately high’ since it invests mostly in the equities issued by the multi-national companies (MNCs). However, it carries a slightly lower risk than a thematic or sectoral fund.
Since Aditya Birla Sun Life MNC Fund - Direct Plan - Growth is an open-ended scheme; you can redeem your investment at any time. However, you have to be mindful of the applicable tax on capital gains and exit load charges.
iv) Fund Manager
Mr Ajay Garg is the current fund manager of Aditya Birla Sun Life MNC Fund - Direct Plan - Growth.
v) Entry/Exit Load
There is no entry load in order to comply with the norms of SEBI. An exit load of 1% is applicable on redeeming your investments within a period of one year from the date of allotment. After the said period, no exit load applies.
About Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund’s total assets under management (AUM) amounted to Rs 2.14 lakh crore as of the end of June 2020, making it a leading fund house in India. The fund house was set up as a product of the joint venture between Sun Life AMC (India) Inc and Aditya Birla Capital Limited, who also are the sponsors of the fund house. It entered the Indian mutual fund fore back in the year 1994 when it registered with the Securities and Exchange Board of India.
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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