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AppStore
PlaystoreAditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
Investment Objective
A multi sector scheme with with the objective of long term capital growth, through a portfolio of 100% equity investments in technology and technology enabled/dependent companies.
This product is suitable for investors who are seeking
- Long term capital growth
- Investments in equity funds and equity related securities with a focus on investing in Technology, Telecom, Media, Entertainment and other related ancillary sectors.
Value Added Products:
Systematic Investment Plan - Available Online & Offline for Direct & Regular investors to iron out intermittent market volatility and enable long term savings
Salient features of SIP:
Step-up SIP – This facility lets investors enhance the SIP amount during regular intervals. This allows you to make the most out of your SIP investments by increasing your contributions towards those schemes that are performing well. Additionally, you can also increase your investment amount when there is a hike in your pay.
Multi Scheme SIP Facility - The Facility enables investors to subscribe under various Schemes through SIP using a single application form and payment instruction.
Also Read: What is SIP (Systematic Investment Plan)
Systematic Transfer Plan (STP) allows investors to save in both asset classes by transfering a fixed amount from one scheme and invest in another scheme
Investors have the option of:
- Daily Systematic Transfer Plan
- Weekly Systematic Transfer Plan
- Monthly Systematic Transfer Plan
- Quarterly Systematic Transfer Plan
Minimum Balance in the scheme at the time of enrollment for STP facility:
- Daily Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.10,000/-
- Weekly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.6000
- Monthly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.6000
- Quarterly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.8000
Minimum Transfer Amount
For STP installments greater than Rs.500 but less than Rs.999, Investors are required to instruct for minimum 12 transfers of Rs.500 and in multiples of Re. 1thereafter.
For STP installments of Rs.1000 and above, Investors are required to instruct for minimum 6 transfers of Rs.1000 and in multiples of Re. 1 thereafter.
Also Read: All you need to understand about STP
Systematic Withdrawal Plan allows investors to withdraw a fixed amount of money from their mutual fund to build sustainable income streams while saving on Tax also
Investors have the option of:
Fixed Withdrawal - which allows investors of the Growth Plan to withdraw a fixed amount at regular intervals. Investors can withdraw fixed amount of Rs1,000/- each and above at regular intervals.
Appreciation Withdrawal - which allows investors of Growth Plan to withdraw the appreciation amount at regular intervals. Investors can withdraw appreciation of Rs1,000/- and above at regular intervals.
Withdrawal Frequency:
For Fixed Withdrawal Option: Investors can withdraw fixed amount on 1 or 7 or 10 or 14 or 20 or 21 or 28 of month/quarter/Half yearly and Annually for minimum 6 months/ 4 quarter/2 half years and 1 year.
For Appreciation Withdrawal Option: Investors can withdraw appreciation on the 1 of each month/quarter for minimum 6 months/ 4 quarter.
Also Read: Systematic Withdrawal Plan (SWP): Benefits & Definition
Capital Appreciation Transfer Plan (CATP) allows investors to preserve their capital and transfer only capital appreciation to another asset class / scheme at regular intervals
Fund Details
- Fund Type - Open-Ended
- Category - Equity
- Sub-Category - Sectoral
- Min Investments - Rs. 1000/-
- Fund Manager - Mr. Kunal Sangoi & Mr. Dhaval Joshi
- Latest NAV - 181.4 (as on 26-Jul-2024)
- Inception Date - Jan 16, 2000
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Fund Performance
Trailing Return
Funds are bucketed on various parameters with respect to other funds in their category.
*Annualized returns are displayed for 1 year and above.
*Annualized returns are displayed for 1 year and above.
Annualized Returns
Fund Management
-
Mr. Kunal Sangoi
Total Experience : 16 years
View Full ProfileKunal Sangoi is a Fund Manager and Senior Analyst with Aditya Birla Sun Life AMC Limited (ABSLAMC). Kunal comes with an experience of 16 years in capital markets, in the areas of equity research and portfolio management. At ABSLAMC, he is responsible for manging select equity funds as per the given mandate and specialises in the Technology, Internet, Media and Telecom sectors.
He has been with ABSLAMC since 2012, and was previously associated with Edelweiss Financial Services Ltd. in its Institutional Equity Research team as Senior Analyst.
Kunal is a Chartered Accountant by qualification. -
Mr. Dhaval Joshi
Total Experience : 15 years
View Full ProfileDhaval Joshi has an overall experience of 15 years in equity research and investments. Prior to joining Aditya Birla Sun Life AMC Limited, he was associated with Sundaram Mutual Fund (India) Ltd. for around 5 years. He has also worked as a research analyst with Emkay Global Financial Services and Asit C Mehta Investment Intermediates Ltd.
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Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
To check an all-time best return rate for equity funds, check how they've performed in the last 3 or 5 years.
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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.
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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
Entry Load
Exit Load
Load Comments
NIL
For redemption/switch-out of units on or before 30 days from the date of allotment: 1.00 % of applicable NAV.
For redemption/switch-out of units after 30 days from the date of allotment: Nil
Highlights
- Thematic fund investing in technology and its related companies
Harnessing Technology
India has successfully emerged as the hub for providing information technology (IT) and information technology enabled services (ITES) to global customers, leveraging its vast pool of skilled talent. The offshore model is gaining momentum and is on the radar of every global company looking to outsource functions and processes. Besides IT and ITES, media and telecom services segments, are also expected to do well driven by the domestic consumption story. Aditya Birla Sun Life Digital India Fund seeks to take advantage of opportunities in these areas.The scheme identifies and invests in companies which have a robust business model and strong competitve position in the industry.
Discipline
The scheme aims to generate returns by investing in technology and technology dependent companies which include: software services, products, BPO, hardware, internet and e-commerce, media and entertainment, telecommunication services and equipments and technology enabled companies. The scheme will follow a bottom-up approach to stock picking, adopting a blend of value and growth style of investing. The Fund Benchmark is S&P BSE TECk Index - TRI
Aditya Birla Sun Life Digital India Fund
(An open ended equity scheme investing in the Technology, Telecom, Media, Entertainment and other related ancillary sectors)
This product is suitable for investors who are seeking*
- Long-term capital growth
- Investments in equity and equity related securities with a focus on investing in Technology, Telecom, Media, Entertainment and other related ancillary sectors.
Also Read: What are Equity Mutual Funds? – Meaning & Types
*Investors should consult their financial advisers if in doubt whether the product is suitable for them
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Disclaimer
For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.