|Min SIP Amount||₹1000|
|NAV||₹35.41 (24 Jun 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹2,068 Cr|
|ICICI Bank Ltd.||Financial||Equity||7.6%|
|HDFC Bank Ltd.||Financial||Equity||5.4%|
|Bharti Airtel Ltd.||Communication||Equity||3.6%|
|Hindustan Unilever Ltd.||FMCG||Equity||3.5%|
|Tata Consumer Products Ltd.||FMCG||Equity||2.6%|
|Axis Bank Ltd.||Financial||Equity||2.5%|
|Bajaj Finserv Ltd.||Financial||Equity||2.2%|
|Maruti Suzuki India Ltd.||Automobile||Equity||1.9%|
|Prince Pipes & Fittings Ltd.||Chemicals||Equity||1.9%|
Aditya Birla Sun Life India GenNext Direct Fund IDCW 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 IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹2,068 Cr and the Latest NAV as of 24 Jun 2021 is ₹35.41.
The Aditya Birla Sun Life India GenNext Direct Fund IDCW is rated Very High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 1000. Exit load of 1% if redeemed within 90 days.
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.