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Current & Historical NAV / Dividend
Methodology for calculating subscription and redemption price of units.
- Subscription / Switch-in (from other schemes/plans of the Mutual Fund) (This is the price investor need to pay for purchase/switch-in)
If the applicable NAV is Rs. 10/- and since there will be no entry load, then the purchase price will be Rs. 10/- - Redemption / Switch - out (to other schemes/plans of the Mutual Fund)(This is the price investor will receive at the time of redemption/ switch-out)
If the applicable NAV is Rs. 10/- and exit load is 0.5% then sale price will be 10 - (10 * 0.5%) = 10 - 0.05 = Rs. 9.95/-
Declaration
The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Aditya Birla Sun Life Mutual Fund (ABSLMF), securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America ("US") and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under the US Securities Act of 1933, as amended) and persons of Canada.
By entering this Website or accessing any data contained in this Website, I/We hereby confirm that I/We am/are not a U.S. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. I/We hereby confirm that I/We are not giving a false confirmation and/or disguising my/our country of residence. I/We confirm that Aditya Birla Sun Life Mutual Fund / Aditya Birla Sun Life AMC Limited (ABSLAMC) is relying upon this confirmation and in no event shall the directors, officers, employees, trustees, agents of ABSLAMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided.
Investment Objective
The investment objective of the scheme is to provide returns that, before expense, closely correspond to the total returns of the securities as represented by BSE SENSEX by holding stocks in same proportion.
This Product is Suitable For Investors Who Are Seeking*:
- long term capital growth
- Investments in stocks in line with BSE SENSEX to generate comparable returns, subject to tracking errors
Fund Details
- Fund Type - Open-Ended
- Class - Others
- Category - ETF
- Min Investment -
- Fund Manager - Mr. Lovelish Solanki
- Latest NAV - 500.895 (as on 30-Jul-2021)
- Inception Date - Jul 18, 2016
- Current NAV - 500.03
Fund Performance
Trailing Return
*Annualized returns are displayed for 1 year and above.
In SEBI format
| Birla Sun life Frontline Equity Fund | S&P BSE 100 ^ | NIFTY 50 # | |
|---|---|---|---|
| CAGR since Inception | 23.40% | 18.39% | 17.14% |
| 30 September 2015 to 30 September 2016 | 14.37% | 9.73% | 8.33% |
| 30 September 2014 to 30 September 2015 | 3.63% | 0.77% | (0.20%) |
| 30 September 2013 to 30 September 2014 | 43.88% | 40.05% | 38.87% |
| Current Value of Rs. 10,000 invested at inception | Rs. 173,416.00 | Rs. 98,805.14 | Rs. 85,538.39 |
| NAV/Index Value as of 30 Sep , 2016 | Rs. 173.416 | Rs. 8,863.71 | Rs. 8,611.15 |
Date of allotment: Mar 10, 2003. Since inception returns have been calculated from the date of allotment till September 30, 2016.
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
^ Scheme Benchmark
# Standard Benchmark
Fund Management
-
Mr. Lovelish Solanki
Total Experience : 12 Years
View Full ProfileLovelish Solanki is a Fund Manager at Aditya Birla Sun Life AMC Limited (ABSLAMC). He comes with an experience of over a decade in fund management and research, both in Equity and Debt. He has been a part of ABSLAMC since October 2014.
He was earlier associated with Union KBC Asset Management Co Limited for 4 years, as trader for the Equity and FNO Segment, while also managing the Options part of Capital protection Funds and other Close ended Schemes. Prior to Union KBC Asset Management Co Limited, he was also associated with Edelweiss Asset Management Co. Ltd for 3 years, responsible for the execution and management of Arbitrage Funds.
Lovelish has a Master’s degree in Management Studies from Mumbai University with a specialisation in Finance. He is also a level 1 certified Chartered Market Technician (CMT) – 2012.
Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
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Your Investment Summary
- Investment AmountRs 5000
- Initial units per month 29.5
- Current valueRs 50,000
- Current NAV value 260
- Current Units 30
-
XIRR
5.10%
Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.
-
Benchmark XIRR
8%
Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.
Fund Summary
Highlights
- Investments in promising companies across industries
- Discipline
- Potential wealth creation with equity
Why ETF?
ETFs are the latest and the fastest growing mutual fund structure in the world. In conventional open ended mutual funds, investors must wait until the end of the day when the fund net asset value (NAV) is announced before knowing what price they paid for new units they bought and the price they will receive for units they sold. For most long-term investors it does not matter much, but many investors do require greater flexibility. ETFs are different from conventional index funds in the sense that ETFs are traded throughout the day unlike index funds whose NAVs are computed.
ETFs are bought and sold during the day when the markets are open. The pricing of ETF shares is continuous during normal exchange hours. Trading prices vary throughout the day, based mainly on the changing intraday value of the underlying assets in the fund. ETF investors know within moments how much they paid to buy units and how much they received after selling. The nearly instantaneous trading of ETF shares makes intraday management of a portfolio possible. Through this product we give our investors an opportunity to efficiently get their allocation into the investments they want in an hour and then change their allocation in the next hour. Short selling is also available to ETF investors.
Introducing ABSL SENSEX ETF
ABSL SENSEX ETF is an open-ended exchange traded fund that is designed to track S & P BSE Sensex TRI index returns and trade just like any other stock, combined with the benefits of a mutual fund. This ETF will seek to mirror the return of S & P BSE Sensex TRI. The ETF will trade like a stock on an exchange, thus experiencing price changes throughout the day as it is bought and sold. An investor, by owning this ETF gets the diversification of an SENSEX as well as the ability to sell short, buy on margin and purchase as little as one share. It can be bought and sold through stock market brokers on payment of stock market related brokerages.
It will adopt a passive investment strategy. The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by BSE SENSEX by holding BSE SENSEX stocks in same proportion. However, the performance of the scheme may differ from that of the underlying index due to tracking error.
Key Benefits
- Low cost – ETF have low expense ratio compared to the open ended mutual fund schemes.
- Provides Efficient diversification – The companies are spread across wide spectrum of sectors and are beneficial for an investor who is in building in a well diversified investment portfolio. Also these companies are core to the India Growth story.
- Easy to invest and sell – Investors wishing to invest & sell can do so anytime during the market hours as ABSL SENSEX ETF will be listed on the stock exchange.
- RGESS eligible scheme - Investment in ABSL SENSEX ETF is eligible for tax benefits under RGESS (Section 80CCG of the Income tax Act) for eligible investors.
How ETF will work
Authorised Participants :
Parwati Capital Market Pvt. Ltd. &
Edelweiss Securities Ltd.
Aditya Birla Sun Life Sensex ETF
(An open ended scheme replicating BSE SENSEX index)
This product is suitable for investors who are seeking:
- long term capital growth
- Investments in stocks in line with BSE SENSEX to generate comparable returns, subject to tracking errors
Disclaimer
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