3 Year return

21.17%
Launched on May 2021 (3 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Your Investment ₹3,00,000
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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹284.07 Cr.

Expense Ratio

0.4% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year:

15% tax on gains

Withdrawal after 1 year:

10% tax on gains above ₹1 lakh per financial year

Fund Holdings

Holdings

Aditya Birla Sun Life Mutual Fund Managers

LS

Lovelish Solanki

Fund Manager since Apr 2022

View Details

Fund House Details

Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Mutual Fund Asset management company

AUM ₹353,517.40 Cr.
No. of Schemes 226
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Aditya Birla Sun Life Mutual Fund

List of mutual fund schemes by AMC

About Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth

Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is an index fund managed by Aditya Birla Sun Life Mutual Fund. It is a direct plan, which means that there are no brokerage fees involved when you invest in the fund. The fund tracks the Nifty 50 Equal Weight Index, which is a market-cap-weighted index of the 50 largest stocks listed on the National Stock Exchange of India. The fund has a low risk profile, making it suitable for investors who are looking for a low-cost way to track the performance of the Nifty 50 Index. The fund has been around for over 2 years and has a good track record of performance. The fund's expense ratio is 0.39%, which is lower than the average expense ratio for index funds.

Investment Objectives of the Scheme

The investment objective of the Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is to track the performance of the Nifty 50 Equal Weight Index. The fund will invest at least 80% of its assets in stocks of companies that are included in the index.

Key Features of The Fund

5-year return NA
Expense Ratio 0.4%
Fund Manager Lovelish Solanki
Fund Size ₹284.07 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Direct Growth is a good option for investors who are looking for a low-cost way to track the performance of the Nifty 50 Index. The fund is also a good option for investors who are looking for a low-risk investment. However, the fund is not suitable for investors who are looking for high returns. The fund's investment objective is to track the performance of the Nifty 50 Index, which means that you may not see significant returns in the short term.

AMC Contact Details

Name Aditya Birla Sun Life Mutual Fund
Launch Date September 1994
Addresss One India Bulls Centre, Tower-1, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai, 400013
Contact 1-800-22-7000
Email care.mutualfunds@adityabirlacapital.com
Website https://mutualfund.adityabirlacapital.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Take the Guessing out of Investing

Compounding in SIP can make it difficult to estimate the expected returns in a mutual fund. The process of guessing can be replaced with estimating as Angel One's free SIP calculator gives you the approximate amount to be expected. The SIP calculator online takes into consideration the principle of compounding and gives your return amount depending on variables such as years, SIP amount as well as the expected rate of return.

FAQs

What is today's NAV of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund Jul 18 2024 is 18.0157

What is the AUM of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund is 284.07 crore.

What is the expense ratio of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund is 0.4%

What are the returns of Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund since inception?

The Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund was launched on May 19 2021. The fund has delivered a CAGR of 20.59 since inception.

What is the minimum SIP amount to invest in Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund is 100.

How do I invest in Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.