Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Digital India Fund | ABSL Digital India Fund - ABSLMF

Aditya Birla Sun Life Digital India Fund

(An open ended equity scheme investing in the Technology, Telecom, Media, Entertainment and other related ancillary sectors)

Class: Equity
Category: Thematic

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 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.

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.

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.

Capital Appreciation Transfer Plan (CATP) allows investors to preserve their capital and transfer only capital appreciation to another asset class / scheme at regular intervals

Century SIP - SIP to enable your long term wealth creation while providing Free Life Insurance of upto Rs 50 Lacs

Century SIP - In addition to the regular SIP facility for the Scheme, Aditya Birla Sun Life Century SIP (CSIP) gives the benefit of Free Life Insurance cover up to Rs.50Lacs. It is eligible for individual investors whose age is 18 years and above but less than 51 years, at the time of the first investment. In case of joint unit holders in the scheme, only the first unit holder would be eligible for the insurance cover.

Investment Amount in Century SIP

  • Minimum: Rs1000 per month
  • Maximum: No upper limit

Investors should note that once CSIP is availed, CSIP amount cannot be changed. However, investors can avail the step-up SIP feature.

Tenure of Century SIP

60 Years and less than the current completed age of the investor. If the investor has chosen an end date which is beyond 60 years of age the SIP will continue beyond the age of 60, however without any insurance benefits.

Amount of Insurance Cover:

If Century SIP continues, the insurance cover would be as follows:

  • Year 1 : 10 times the monthly Century SIP installment
  • Year 2 : 50 times the monthly Century SIP installment
  • Year 3 onwards : 100 times the monthly Century SIP installment

All the above mentioned limits are subject to maximum cover of Rs.50 lacs per investor across all schemes/plans/folios of the fund.

Fund Details

  • Fund Type - Open-Ended
  • Class - Equity
  • Category - Thematic
  • Min Investments - Rs. 1000/-
  • Fund Manager - Mr. Kunal Sangoi
  • Latest NAV - 53.27 (as on 11-Dec-2019)
  • Inception Date - Jan 16, 2000
View Full Details

Fund Performance

Trailing Return

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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

Investment Performance - Regular Plan - Growth NAV as on December 30, 2010: Rs. 35.30
Date of Inception: Jan 15, 2000 NAV Per
Unit. *
(Rs)
Birla Sun
Life New
Millennium
Fund (%)
S&P BSE 200 # (%) Nifty 50 ## (%) Value of Standard Investment of Rs 10000 in
Birla Sun
Life New
Millennium
Fund
(Rs)
S&P BSE 200 #
(Rs)
Nifty 50 ##
(Rs)
Since inception till December 30, 2016 (CAGR) 10.00 7.72 N/A 10.01 35300 N/A 50444
December 31, 2015 to December 30, 2016 (Absolute) 36.57 -3.47 -9.16 3.01 9653 9084 10301
December 31,2014 to December 31,2015 (Absolute) 32.88 11.22 3.61 -4.06 11122 10361 9594
December 31,2013 to December 31,2014 (Absolute) 27.15 21.10 15.65 31.39 12110 11565 13139

# Scheme Benchmark, ## Additional Benchmark, *As on start of period considered above.

Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme benchmark returns are not available, they have not been shown. Total Schemes managed by Mr. Kunal Sangoi is 2. Refer annexure on page no. 67 of Empower to know more on performance of schemes managed by Fund Managers. ‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com.

Fund Management

  • Mr. Kunal Sangoi

    Total Experience : 14 years

    View Full Profile
    Kunal Sangoi is a Fund Manager and a Senior Analyst Aditya Birla Sun Life AMC Limited (ABSLAMC). Kunal comes with an experience of 14 years in equity research and fund management and specialises in the IT, Internet, Media and Telecom sectors.

    He has been a part of ABSLAMC since 2012, having previously worked with Edelweiss Financial Services Ltd. for 7 years in its Institutional Equity Research team as Senior Equity Analyst.

    Kunal is a Chartered Accountant by qualification.
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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

    Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.

    5.10%
  • Benchmark XIRR

    Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.

    8%

Portfolio and Sector Holdings

Top 10 Holdings (As on 31.10.2019)

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Issuer % to Net Assets
Top 10 Sector Holdings Chart

Fund Summary

Entry Load
Exit Load
Load Comments
NIL
1%: For redemption / switch-out of units within 365 days from the date of allotment (% of applicable NAV) NIL : For redemption / switch-out of units after 365 days from the date of allotment
**Exit Load is NIL for units issued in Dividend Reinvestment.

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 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.

 

*Investors should consult their financial advisers if in doubt whether the product is suitable for them

High Risk
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  • KIM - Aditya Birla Sun Life Digital India Fund
  • SID - Aditya Birla Sun Life Digital India Fund

Disclaimer

For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.

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