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Aditya Birla Sun Life India Gennext Fund Direct Plan Growth

3 yr CAGR
+19.46%
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Direct

Growth

Fund overview

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Net Asset Value

149.87
aum

AUM (Fund size)

2,544.61 Crore
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Lock-in period

No Lock-in
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Exit Load

1% in 90 days
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Expense ratio

1.04%
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Risk

Very High

Top holdings

HoldingsWeightage
ICICI Bank Ltd7.44%
HDFC Bank Ltd4.67%
Bharti Airtel Ltd3.8%
ITC Ltd2.94%
Hindustan Unilever Ltd2.84%
Bajaj Finserv Ltd2.69%
Clearing Corporation Of India Limited2.68%
Tata Consumer Products Ltd2.34%
Avenue Supermarts Ltd2.15%
SBI Life Insurance Company Limited2.11%

Calculate returns

Monthly (SIP)
One-Time
yrs
₹4,000 invested monthly becomes 0 in a period of 20 years

Top Sectors

About Aditya Birla Sun Life AMC Ltd

Presently it is known as Aditya Birla Sun Life (ABSL) Asset Management Company Ltd. It is a joint venture between the Aditya Birla Group in India and Sun Life Financial Inc of Canada. It was set up as a joint venture in 1994.

Managers

Chanchal Khandelwal

Custodians

Citibank N.A. India

Address

Aditya Birla Sun Life AMC Ltd One India Bulls Centre ,Tower 1, 17th Flr,

Fax Nos.

+91 22 43568110/ 8111

Telephone Nos.

+91 22 43568000

Homepage

www.adityabirlacapital.com

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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.

iii) Redemption

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.

Start your investment
Monthly (SIP)
One-Time
Amount
Estimated value after 3 years

(as per historical returns)

2.56 Lakhs
Min investmentment of ₹1000 required
risk

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Frequently Asked Questions

What are equity funds?

Equity funds are schemes which concentrate their investments in shares of companies of different market capitalization

What are large cap, mid cap, small cap and multi cap equity funds?

SEBI ranks all listed companies based on the overall market capitalization. Large-cap funds invest in top 100 companies Mid-cap funds invest in companies ranking from 101 to 250 Small-cap funds invest in companies ranking from 251st onwards. Multi-cap funds invest in small cap, mid cap and large cap companies

What are ELSS funds?

ELSS funds are tax saving mutual funds, in which majority of the funds are invested in equity schemes. ELSS has a lock-in period of 3 years.

What are Bluechip funds?

Bluechip funds are those funds that invest in stocks of well established companies which have proved to perform financially well over a long period of time.

What is a lock-in period?

It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options. Lock-in period is calculated from the date of investment. Meaning SIPs will have different lock-in dates

Is KYC necessary for BLACK?

KYC is necessary for all fund houses. If you are investing through BLACK, you need to do your KYC just once. The same KYC will be used for all further investments.

What is a Mandate (Auto-SIP)?

A Mandate is a one-time registration through which you instruct your bank account to deduct a specified amount of money from your account daily towards investing into a SIP portfolio. Once you register for Mandate, you don’t have to follow the payment process every time you invest in the SIP.