| Launch date | 09 Aug 2024 |
| Allotment date | 30 Aug 2024 |
| End date | 23 Aug 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.33%
Inclusive of GST
Exit load
Exit load of 0.05%, if redeemed within 30 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Minimum investment amounts
| Min. for 1st investment | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹500 |
Fund management
Priya SridharDec 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #4 in India |
|---|---|
| Total AUM | ₹4,47,581.93Cr |
| Date of Incorporation | 23 Dec 1994 |
|---|
Aditya Birla Sun Life Nifty India Defence Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fund. This scheme was made available to investors on 23 Dec 1994. Pranav Gupta is the Current Fund Manager of Aditya Birla Sun Life Nifty India Defence Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,47,582 Cr and the Latest NAV as of 19 Dec 2025 is ₹10.76. The Aditya Birla Sun Life Nifty India Defence Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500. Exit load of 0.05%, if redeemed within 30 days. ;
Investment Objective
The scheme seeks to provide returns that, before expenses, correspond to the total returns of securities as represented by the Nifty India Defence Total Return Index, subject to tracking errors. ;
| Fund benchmark | Nifty India Defence Total Return Index |
|---|