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Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Index Fund | ABSL Index Fund - ABSLMF

Aditya Birla Sun Life Index Fund

(An open ended scheme tracking Nifty 50 index)

Class: Others
Category: Index
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Investment Objective

The objective is to generate returns comensurate with the performance of Nifty

This product is suitable for investors who are seeking

  • Long-term capital growth
  • Investing in stocks in line with Nifty 50 and, or in exchange traded derivatives on the Nifty 50, to generate comparable returns, subject to tracking errors i.e. the deviation of actual performance from that of the Nifty 50

Fund Details

  • Fund Type - Open-Ended
  • Class - Others
  • Category - Index
  • Min Investment - Rs. 1000/-
  • Fund Manager - Mr. Ajay Garg
  • Latest NAV - 112.617 (as on 16-Oct-2019)
  • Inception Date - Sep 19, 2002
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Fund Performance

Graphical Data

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

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Annual Quarterly Monthly Weekly
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Fund Management

  • Mr. Ajay Garg

    Total Experience : 22 years

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    Ajay Garg is Senior Fund Manager at Aditya Birla Sun Life AMC Limited (ABSLAMC). Ajay has over two and a half decades of experience in financial services and an extensive understanding of Indian equity markets.

    Prior to joining ABSLAMC in 2003, Ajay was with American Express Bank and certain brokerage firms.

    An alumni of Hartmann College Class of 1987, Ajay is an Electronics Engineer from Bangalore University, and an MBA Finance from Mumbai University.
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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 31.08.2019)

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Issuer % to Net Assets
Top 10 Sector Holdings Chart

Fund Summary

Entry Load
Exit Load
Load Comments
NIL.
NIL.
**Exit Load is NIL for units issued in Dividend Reinvestment.

Highlights

  • Growth and stability by investing in India's top 50 companies
  • Low transaction cost

Take advantage of economic growth

Are you grappling with the issue of making the most out of India’s growing economy and appreciating stock market investments? How do you get the benefits of equity investments without having the investment expertise? The simple solution is to invest in top 50 companies of the country that play a major role in driving the growth of the Indian economy. As the economy grows, so will these companies. This, in turn, will create wealth for you. Aditya Birla Sun Life Index Fund (ABSL Index Fund) brings you this opportunity by investing only in top 50 companies which comprise the NSE Nifty Index, a prominent stock market index.

Additionally, each time the fund manager buys or sells stocks in the portfolio, a transaction cost is charged. However, in case of ABSL Index Fund, the fund manager trades only when the composition of the Nifty changes. This keeps transaction costs low and you receive a greater portion of  the  growth in your money.

Index Constituents

Discipline

The scheme will be managed passively with investments in stocks in a proportion that is as close as possible to the weightages of these stocks in the NIFTY. The Fund Benchmark is Nifty 50 TRI.

Aditya Birla Sun Life Index Fund

(An open ended scheme tracking Nifty 50 index)

This product is suitable for investors who are seeking*

  • Long-term capital growth
  • Investing in stocks in line with Nifty 50 and, or in exchange traded derivatives on the Nifty 50, to generate comparable returns, subject to tracking errors i.e. the deviation of actual performance from that of the Nifty 50

 

*We recommend investors to consult their financial advisers in case of doubt about 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.

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