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PlaystoreAditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
ABSL Nifty Bank ETF
Equity
ETFs - Others
An Open ended exchange traded fund tracking Nifty Bank Index
Annualized Returns %
Annualized
Returns %
Fund Overview
Aditya Birla Sun Life Nifty Bank ETF is an open ended exchange traded fund tracking Nifty Bank Index
Investment Objective
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 the Nifty Bank Index. However, the performance of scheme may differ from that of the underlying index due to tracking error.
The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.
Why one can invest:
If you seek long-term capital growth.
If you want to invest in the Indian banking sector and diversify across multiple banking stocks.
If you prefer passive investment strategy and want to avoid the hassle of selecting and managing individual bank stocks
If you seek returns that are commensurate with the performance of the Nifty Bank TRI.
Fund Details
CAGR
Latest NAV
AUM
Inception Date
Risk
Investment Horizon
5 years or more
Annual Benchmark Returns
Min Investment
Entry load
NIL
Exit load
NIL
Total Expense Ratio (TER)
Sharpe Ratio
Beta Ratio
Other Parameters
Standard Deviation
Modified Duration
-
Yield to Maturity
-
Portfolio Turnover:
-
Average Maturity
-
Macaulay Duration
-
Net Equity Exposure
-
Fund Managers
Mr. Haresh Mehta
Riskometer
(An Open ended exchange traded fund tracking Nifty Bank Index)
This product is suitable for investors who are seeking
-
long term capital growth
-
investments in stocks comprising the underlying index and endeavors to track the benchmark index
*Investors should consult their financial advisers if in doubt whether the product is suitable for them
Portfolio & Sector Holdings
Retail
% of Net Assets
Sector Holdings
Fund Summary
• India's banking sector is set to grow due to the government's efforts to improve banking access and infuse capital.
• As the economy grows, banks will also adapt to meet the rising demand for credit from consumers and corporates.
• Rising incomes and technological innovation are also driving the growth of the banking sector.
• With favorable government policies and a growing economy, the banking industry is expected to sustain its growth in the long run.
• You can participate in this long term growth by investing in Aditya Birla Sun Life Nifty Bank ETF that invests in stocks comprising Nifty Bank Index that have the potential for long-term growth.
• It is an exchange traded fund that tracks the Nifty Bank Index through its investment portfolio.
• Investing in this fund offers features such as low expense ratio, diversification, high liquidity, and transparency.
• As the economy grows, banks will also adapt to meet the rising demand for credit from consumers and corporates.
• Rising incomes and technological innovation are also driving the growth of the banking sector.
• With favorable government policies and a growing economy, the banking industry is expected to sustain its growth in the long run.
• You can participate in this long term growth by investing in Aditya Birla Sun Life Nifty Bank ETF that invests in stocks comprising Nifty Bank Index that have the potential for long-term growth.
• It is an exchange traded fund that tracks the Nifty Bank Index through its investment portfolio.
• Investing in this fund offers features such as low expense ratio, diversification, high liquidity, and transparency.
Fund discipline
• The Scheme allocates 95% - 100% of its asset in stocks comprising Nifty Bank Index and 0% - 5% in debt & money market instruments.
• The Scheme will invest in stocks in a proportion that is as close as possible to the weightage of these stocks in the Nifty Bank Index.
• The Scheme will track Nifty Bank Index and is a passively managed scheme.
Index Methodology: https://www.niftyindices.com/Methodology/Method_NIFTY_Equity_Indices.pdf
Tax Applicability
Investment held for less than 12 months
Short Term Capital Gain Tax would be applicable. Any gains/profits would be taxed at 15% (plus applicable surcharge and cess).
Investment held for more than 12 months
Long Term Capital Gain Tax would be applicable. Long term capital gains tax is 10% without indexation (plus applicable surcharge and cess) provided the gain in a financial year is over Rs 1 Lakh. Cumulative Long term capital gains on equity and equity-oriented funds up to Rs 1 Lakh in a financial year is not taxable.
Any income received under this option would be considered as income for the investors and hence would be taxed at applicable tax slab rates.
Forms & Downloads
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Frequently Asked Questions
As the units of the Aditya Birla Sun Life Nifty Bank ETF are listed on the stock exchange, you can invest by purchasing its units in demat form, from the stock exchange.
This can be done in a manner akin to trading of shares either directly from your demat account or through a broker of your choice.
Please note for subscription and redemption of units directly with Mutual Fund house, large investors can transact directly with the Fund house for an amount greater than INR 25 crores.
Your investment in Aditya Birla Sun Life Nifty Bank ETF can be redeemed in the same manner in which it is made i.e.: through the stock exchange, in a manner similar to trading of shares.
Thus, redeeming your investment in Aditya Birla Sun Life Nifty Bank ETF is very convenient and done on a real-time basis on the stock exchange.
Please note for subscription and redemption of units directly with Mutual Fund house, large investors can transact directly with the Fund house for an amount greater than INR 25 crores.
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