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Home>NFOs>Aditya Birla Sun Life Mutual Fund>Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct - Growth - NFO

Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct - Growth - NFO

Other
Index
Very High Risk
Launch date15 Mar 2021
Allotment date05 Apr 2021
End date26 Mar 2021
NAV₹10.00

Fund Overview

Overview of Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct - Growth - NFO

Expense ratio, exit load and tax

Expense ratio: 0.28%

Inclusive of GST

Exit load

0.50% for redemption within 15 days

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.

Understand terms

Minimum investment amounts

Min. for 1st investment₹100
Min. for 2nd investment onwards₹100
Min. for SIP₹100

Fund management

Lovelish Solanki
Mar 2021 - Present
View details

Education
He has done BMS and MMS in finance.
Experience
Prior to joining Aditya Birla Sun Life AMC Limited, he was Equity /Equity Derivatives - Trader at Union KBC Asset Management Co Limited since February 2011. Before that he worked at Edleweiss Asset Management Co. Ltd since January 2008.
Also manages these schemes

Fund house & investment objective

Rank (total assets)#4 in India
Total AUM₹2,97,412.07Cr
Date of Incorporation23 Dec 1994

Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct - Growth - NFO is a Other Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fu
Aditya Birla Sun Life Nifty Smallcap 50 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 Smallcap 50 Index Fund Direct - Growth - NFO fund. The fund currently has an Asset Under Management(AUM) of ₹2,97,412 Cr and the Latest NAV as of 05 Apr 2021 is ₹10.00. The Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct - Growth - NFO is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. 0.50% for redemption within 15 days
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Fund house contact details

Address
One India Bulls Center - Tower 1,17th Floor - Jupiter Mills Compound,841 Senapati Bhawan, Elphinstone Road, Mumbai 400013
Phone
022-43568000 / 1800-270-7000 / 1800-22-7000
Launch Date
23 Dec 1994
E-mail
NA
Website
NA
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