| Risk | High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.12% |
| NAV | ₹26.21 (13 Aug 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹1,479 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 5.5% |
| Bharti Airtel Ltd. | Communication | Equity | 4.8% |
| ITC Ltd. | FMCG | Equity | 4.3% |
| ICICI Bank Ltd. | Financial | Equity | 4.2% |
| Hindustan Unilever Ltd. | FMCG | Equity | 4.0% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 3.4% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 2.6% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 2.6% |
| Britannia Industries Ltd. | FMCG | Equity | 2.3% |
| Tata Consumer Products Ltd. | FMCG | Equity | 2.3% |
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 ₹1,479 Cr and the Latest NAV as of 13 Aug 2020 is ₹26.21.
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.
An Open-ended growth scheme with the objective to target growth of capital by investing 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). The scheme will invest in companies that have the following characteristics: 1. Companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand identity, thereby enabling choice.
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.