Aditya Birla Sun Life India Gennext Fund Direct Plan Growth
Net Asset Value
AUM (Fund size)
1% in 90 days
|ICICI Bank Ltd||7.44%|
|HDFC Bank Ltd||4.67%|
|Bharti Airtel Ltd||3.8%|
|Hindustan Unilever Ltd||2.84%|
|Bajaj Finserv Ltd||2.69%|
|Clearing Corporation Of India Limited||2.68%|
|Tata Consumer Products Ltd||2.34%|
|Avenue Supermarts Ltd||2.15%|
|SBI Life Insurance Company Limited||2.11%|
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.
Citibank N.A. India
Aditya Birla Sun Life AMC Ltd One India Bulls Centre ,Tower 1, 17th Flr,
+91 22 43568110/ 8111
+91 22 43568000
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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.
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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