|Min SIP Amount||₹1000|
|NAV||₹118.15 (19 Jan 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹1,842 Cr|
|ICICI Bank Ltd.||Financial||Equity||6.6%|
|HDFC Bank Ltd.||Financial||Equity||5.7%|
|Bharti Airtel Ltd.||Communication||Equity||3.9%|
|Hindustan Unilever Ltd.||FMCG||Equity||3.8%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||2.8%|
|Maruti Suzuki India Ltd.||Automobile||Equity||2.4%|
|Axis Bank Ltd.||Financial||Equity||2.4%|
|Tata Consumer Products Ltd.||FMCG||Equity||2.3%|
|ICICI Lombard General Insurance Company Ltd.||Financial||Equity||2.1%|
Aditya Birla Sun Life India GenNext Direct Fund Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,842 Cr and the Latest NAV as of 19 Jan 2021 is ₹118.15.
The Aditya Birla Sun Life India GenNext Direct Fund Growth is rated 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.