Fund Details
Aditya Birla Sun Life India GenNext Fund IDCW
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 2.25% |
| NAV | ₹29.23 (24 Jun 2021) |
|---|---|
| Fund Started | 05 Aug 2005 |
| Fund Size | ₹2,068 Cr |
Returns
Comparison
1. Age is more than 10 years
2. 1Y Returns are higher than the category average returns
3. 3Y Returns are higher than the category average returns
4. 5Y Returns are higher than the category average returns
5. 10Y Returns are higher than the category average returns
1. Higher expense ratio - 2.25%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| 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% |
| ITC Ltd. | FMCG | Equity | 3.3% |
| 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% |
Fund Managers
Aditya Birla Sun Life India GenNext Fund IDCW Details
Aditya Birla Sun Life India GenNext Fund IDCW is a Equity Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fund. This scheme was made available to investors on 05 Aug 2005. Anil Shah, Chanchal Khandelwal is the Current Fund Manager of Aditya Birla Sun Life India GenNext 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 ₹29.23.
The Aditya Birla Sun Life India GenNext 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.
Investment Objective
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).
Tax Implications
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.
