Aditya Birla Sun Life Mutual Fund

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

Aditya Birla Sun Life India GenNext Fund

(An open ended equity scheme following Consumption theme)

Class: Equity
Category: Thematic

Investment Objective

The objective of the scheme is to target growth of capital by investing in equity/ equity related instruments of companies that are expected to benefit from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the young generation (Generation Next). The scheme will invest in companies that have the following characteristics:

  • Companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services.
  • They should be engaged in manufacturing of products or rendering of services that go directly to the consumer.
  • The products and services should have distinct brand identity, thereby enabling choice.

This product is suitable for investors who are seeking

  • Long term capital growth
  • IInvestments in equity and equity related securities of companies that are expected to benefit from the rising consumption patterns in India fuelled by high disposable incomes

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

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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 Investment - Rs. 1000/-
  • Fund Manager - Mr. Chanchal Khandelwal
  • Latest NAV - 87.87 (as on 23-Oct-2020)
  • Inception Date - Aug 05, 2005
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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. Chanchal Khandelwal

    Total Experience : 15 years

    View Full Profile
    Chanchal Khandelwal is a Fund Manager and Senior Analyst at Aditya Birla Sun Life AMC Limited (ABSLAMC). With an overall experience of 15 years, he has been a part of the Aditya Birla Group for 13 years, with nearly a decade with ABSLAMC. He was part of the Strategy and Finance team at Aditya Birla Group.

    At ABSLAMC Chanchal is responsible for managing select Equity funds as per given mandate while focussing on supporting the entire equity fund management team in their respective mandates through effective sector research on areas allocated.

    Chanchal has done his B.Com Honours from SRCC and is an MBA from Xavier Institute of Management, Bhubaneshwar.
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Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
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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 30.09.2020)

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Issuer % to Net Assets
Top 10 Sector Holdings Chart

Fund Summary

Entry Load
Exit Load
Load Comments
Nil
1% if redeemed /switched out within 365 days from the date of allotment. Nil if redeemed /switched after 365 days from the date of allotment.

**Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.
Exit Load of 1% if redeemed within 365 Days from the date of allotment.

Highlights

  • Long term capital growth
  • Investments in equity and equity related securities of companies that are expected to benefit from the rising consumption patterns in India fuelled by high disposable incomes

It is common to see the elder generation of your grand-parents remark about how their times were so much simpler, in fact you may also feel the same when you look at the plethora of facilities that our kids have exposure to today. In effect as each generation progresses, the aspiration levels increase and so does the demand and consumption of various new goods and services.

India is a youngistaan economy with 67%* of the population falling under the working age group. Rising income and aspiration levels, various financing options, increasing dissemination of information and increased awareness amongst this rising generation next all cumulatively contribute to an ever-increasing consumption pattern. You can aim to capitalise on this increasing phenomenon through the Aditya Birla Sun Life India GenNext Fund.

*http://statisticstimes.com/demographics/population-of-india.php

The scheme invests predominantly in equity and equity related instruments of companies that are expected to benefit from the rising consumption patterns in India fuelled by high disposable incomes. The scheme can also invest upto 20% in Fixed Income Securities (including Money Market Instruments). Investors can choose this fund to gain access to these expanding consumer companies and potentially achieve Long term capital growth

Suitable For: Long term goals

Ideal Investment Horizon: 5 years or more

Fund Investment Strategy

Aditya Birla Sun Life India GenNext Fund seeks to invest in such companies that are in products or services, which cater to the young consumers, or companies that have distinct brand identities and therefore enable choice.

Since the Scheme is a diversified equity fund, there would be enough liquid choices available in the identified universe. Within the identified universe, the fund manager will follow 'controlled diversification'. Care would be taken to avoid over-diversification. The scheme will follow a strategy of bottom up stock picking. However, this would be reviewed at periodic intervals from risk control point of view.

Aditya Birla Sun Life India GenNext Fund

(An open ended equity scheme following Consumption theme)

This product is specially designed for investors seeking

  • Long term capital growth
  • investments in equity and equity related securities of companies that are expected to benefit from the rising consumption patterns in India fuelled by high disposable incomes

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

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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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