Aditya Birla Sun Life India GenNext Fund Growth - Latest NAV ₹83.51, Returns, Performance & Portfolio

Aditya Birla Sun Life India GenNext Fund Growth

  • highlight
    7.9%
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    (+0.49)83.51

Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 11.71 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years13.51%
5 Years7.9%
3 Years3.5%
1 Year6.13%
6 Months-11.19%
Fund Details
ISININF209K01447
RiskHigh Risk
Fund TypeEquity - Consumption
NAV83.51
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd5.84%
Bharti Airtel Ltd4.86%
ICICI Bank Ltd4.55%
ITC Ltd4.29%
Hindustan Unilever Ltd4.1%
Kotak Mahindra Bank Ltd3.53%
Housing Development Finance Corp Ltd2.7%
Maruti Suzuki India Ltd2.6%
Britannia Industries Ltd2.27%
ICICI Lombard General Insurance Co Ltd2.21%

About Aditya BSL India GenNext Fund

The Aditya BSL India GenNext Fund is an open-ended equity scheme which follows the Consumption theme. It seeks to provide capital growth by investing in equity and equity-related instruments of companies which are expected to benefit from the rising consumption patterns in India which in turn is being fuelled by the high disposable incomes of the young generation or Generation Next.

Pros & Cons of Aditya BSL India GenNext Fund

  • The scheme seeks to invest in companies which seek growth in revenues arising out of the demand from the younger generation, engaged in manufacturing products or rendering services which are directly delivered to consumers, and those with a distinct brand identity.
  • As on September 30, 2018, the scheme is not ranked under CRISIL’s Sectoral/ Thematic Funds category.
  • Further, it has generated returns of 20.84% per year over the last 10 years (as on January 31, 2019). However, the returns over the last year have been negative (-2.8%).

Fund Information and Statistics of Aditya BSL India GenNext Fund

Inception / Launch Date

The scheme was launched on 05 August 2005 by Aditya Birla Sun Life Mutual Fund.

Risk Level

According to the investment objective and asset allocation of the scheme, it has a High risk-level associated with it.

Redemption

The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

Fund Manager(s)

The Fund Managers of the Aditya BSL India GenNext Fund are:

  • Mr. Anil Shah (since September 23, 2013)
  • Mr. Chanchal Khandelwal (since August 26, 2015)

Entry / Exit Load

There is no entry load in this scheme.

The exit load structure is as follows:-

  • If the units are redeemed after the completion of 365 days from the date of allotment of the said units, then the exit load = Nil
  • If the units are redeemed within 365 days from the date of allotment of the said units, then the exit load = 1% of the applicable NAV

Tax benefits of investing in Aditya BSL India GenNext Fund

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

Established through a joint venture between the Aditya Birla Group and Canada’s Sun Life Financial Inc. in 1994, the Aditya Birla Sun Life Mutual Fund (ABSLMF) is one of India’s leading fund houses. With over Rs. 2500 billion of assets under management and more than 6.6 million investor folios, the fund house offers smart solutions, user-friendly services, and a plethora of investment schemes to choose from.

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Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 11.71 Lakhs in a period of 20 years
High Risk

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