| Launch date | 19 May 2021 |
| Allotment date | 08 Jun 2021 |
| End date | 02 Jun 2021 |
| NAV | ₹10.00 |
Fund Overview
Expense ratio, exit load and tax
Expense ratio: 0.39%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
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.
Minimum investment amounts
| Min. for 1st investment | ₹100 |
| Min. for 2nd investment onwards | ₹100 |
| Min. for SIP | ₹100 |
Fund management
Pranav GuptaJun 2022 - PresentView details
Haresh MehtaMar 2023 - PresentView details
Fund house & investment objective
| Rank (total assets) | #4 in India |
|---|---|
| Total AUM | ₹3,14,892.04Cr |
| Date of Incorporation | 23 Dec 1994 |
|---|
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct - Growth - NFO is a Other Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fund. This scheme was made available to investors on 23 Dec 1994. Lovelish Solanki is the Current Fund Manager of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct - Growth - NFO fund. The fund currently has an Asset Under Management(AUM) of ₹3,14,892 Cr and the Latest NAV as of 08 Jun 2021 is ₹10.00. The Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct - Growth - NFO is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. ;
| Fund benchmark | NA |
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