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

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

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 - Others
  • Category - Index
  • Min Investment - Rs. 1000/-
  • Fund Manager - Mr. Ajay Garg
  • Latest NAV - 117.038 (as on 11-Dec-2019)
  • Inception Date - Sep 19, 2002
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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

Fund Management

  • Mr. Ajay Garg

    Total Experience : 22 years

    View Full Profile
    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 31.10.2019)

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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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  • KIM - Aditya Birla Sun Life Index Fund
  • SID - Aditya Birla Sun Life Index Fund

Disclaimer

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

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