| Risk | High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.10% |
| NAV | ₹26.74 (30 Oct 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹1,535 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 5.5% |
| HDFC Bank Ltd. | Financial | Equity | 5.0% |
| Bharti Airtel Ltd. | Communication | Equity | 4.0% |
| ITC Ltd. | FMCG | Equity | 3.5% |
| Hindustan Unilever Ltd. | FMCG | Equity | 3.5% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.7% |
| Tata Consumer Products Ltd. | FMCG | Equity | 2.5% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | Equity | 2.3% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 2.3% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 2.2% |
Aditya Birla Sun Life India GenNext Direct Fund Dividend is a Equity Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Anil Shah, Chanchal Khandelwal is the Current Fund Manager of Aditya Birla Sun Life India GenNext Direct Fund Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹1,535 Cr and the Latest NAV as of 30 Oct 2020 is ₹26.74.
The Aditya Birla Sun Life India GenNext Direct Fund Dividend is rated High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 1000. Exit load of 1% if redeemed within 1 year. Same for SIP.
The scheme aims to invest in equity/ equity related instruments of companies that are expected to benefit from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the young generation (Generation Next).
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.