Aditya Birla Sun Life Sensex ETF
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|Risk||Moderately High risk|
More about this fund
|Reliance Industries Ltd||12.95%|
|HDFC Bank Ltd||12.18%|
|Housing Development Finance Corp Ltd||8.4%|
|ICICI Bank Ltd||6.78%|
|Tata Consultancy Services Ltd||5.85%|
|Kotak Mahindra Bank Ltd||5.16%|
|Hindustan Unilever Ltd||3.96%|
|Axis Bank Ltd||3.29%|
About Aditya BSL Sensex ETF
The Aditya BSL Sensex ETF is an open-ended, exchange-traded scheme. It seeks to provide returns (pre-expenses) which closely correspond to the returns generated by the securities which represent the S&P BSE SENSEX, subject to tracking errors.
Pros & Cons of Aditya BSL Sensex ETF
The scheme adopts a passive investment strategy as it tracks the underlying index.
- As on December 31, 2018, the scheme is not ranked under CRISIL’s Index Funds/ ETFs category.
- Further, it has generated returns of 9.5% per year over the last 2 years (as on January 31, 2019).
Fund Information and Statistics of Aditya BSL Sensex ETF
Inception / Launch Date
The scheme was launched on 18 July 2016 by Aditya Birla Sun Life Mutual Fund.
According to the investment objective and asset allocation of the scheme, it has a Moderately-High risk level associated with it.
The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
Mr. Lovelish Solanki is the Fund Manager of the Aditya BSL Sensex ETF since its inception.
Entry / Exit Load
There is no entry load or exit load in this scheme.
Tax benefits of investing in Aditya BSL Sensex ETF
The following taxes are applicable to the income arising from investing in this scheme:
- STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units.
- LTCG (units are held for a period of more than 12 months), in excess of Rs 1 Lakh, is taxed at 10 percent without indexation benefits on the redemption of units.
About Aditya Birla Sun Life Mutual Fund
In 1994, the Aditya Birla Group, India and Sun Life Financial Inc., Canada entered into a joint venture to establish the Aditya Birla Sun Life Mutual Fund (ABSLMF). It is currently one of India’s largest fund houses with more than 6.6 million investor folios and over Rs. 2500 billion of assets under management. Further, the fund house offers a wide selection of investment schemes to choose from.
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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