Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life Nifty Midcap 150 Index Fund - ABSLMF

Aditya Birla Sun Life Nifty Midcap 150 Index Fund

(An Open ended scheme tracking the Nifty Midcap 150 TR Index)

Class: Others
Category: Index

Investment objective

The investment objective of the Scheme is to provide returns that closely correspond to the total returns of securities as represented by Nifty Midcap 150 Index, subject to tracking errors.

This product is suitable for investors who are seeking

  • Long term Capital Appreciation
  • Investments in Equity and equity related securities replicating the composition of the Nifty Midcap 150 Index.

Fund Details

  • Fund Type - Open-Ended
  • Class - Others
  • Category - Index
  • Min Investment - Rs. 500/-
  • Fund Manager - Mr. Lovelish Solanki
  • Latest NAV - 11.635 (as on 30-Jul-2021)
  • Inception Date - Apr 01, 2021
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Fund Management

  • Mr. Lovelish Solanki

    Total Experience : 12 Years

    View Full Profile
    Lovelish Solanki is a Fund Manager at Aditya Birla Sun Life AMC Limited (ABSLAMC). He comes with an experience of over a decade in fund management and research, both in Equity and Debt. He has been a part of ABSLAMC since October 2014.

    He was earlier associated with Union KBC Asset Management Co Limited for 4 years, as trader for the Equity and FNO Segment, while also managing the Options part of Capital protection Funds and other Close ended Schemes. Prior to Union KBC Asset Management Co Limited, he was also associated with Edelweiss Asset Management Co. Ltd for 3 years, responsible for the execution and management of Arbitrage Funds.

    Lovelish has a Master’s degree in Management Studies from Mumbai University with a specialisation in Finance. He is also a level 1 certified Chartered Market Technician (CMT) – 2012.
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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%

Fund Summary

Entry Load
Exit Load
Load Comments
NIL
For redemption / switch-out of units on or before 90 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 90 days from the date of allotment - Nil
The Load Structure is subject to change from time to time and shall be implemented prospectively and will be calculated on First in First Out (FIFO) basis. For further details on Load Structure, please refer Section IV of this Scheme Information Document.

Highlights

  • It is an open-ended scheme tracking the NIFTY Midcap 150 Index. The fund’s objective is to provide returns that closely correspond to the total returns of securities as represented by Nifty Midcap 150 Index, subject to tracking errors..
  • The scheme offers investors access to a diverse portfolio of all 150 high growth companies that comprise the mid cap universe.
  • This scheme follows a passive management strategy, altering its portfolio composition only when there is a change in the constituents of the underlying index.

The economy today has begun its upward recovery from a year of negative growth induced by the pandemic. Growth drivers such as substantial policy reforms, the make in India regime and low interest rates, set up the market for a phase of recovery. This could be an opportune time for mid and small caps to shine. Mid and small caps are growing companies that may be suited to capitalise on incentives and an environment of economic recovery to flourish. An investor, especially a beginner looking to capitalise on the growth opportunity presented by these companies can look towards index funds.

Index funds are mutual funds that seek to mimic the performance of an underlying index by investing in the same stocks, in the same proportion of the index it tracks. These funds follow a passive management strategy, minimising the risk of active stock selection. Index funds that track the mid and small cap index are a simple and effective way of participating in mid and small cap companies without the need for expertise in stock selection.

Why one can invest in Aditya Birla Sun Life NIFTY Mid Cap 150 Index Fund?

  • Sunrise sectors: Chance to participate in high growth sunrise sectors largely unrepresented by large caps.
  • Fiscal stimulus can benefit companies across the board: Growth boosting policy measures are directed across sectors and can bring in inclusive and diverse growth. This fund seeks out potential from across the board.
  • Mid-cap companies to benefit in economic recovery: Access to midcap companies that could benefit from policy and fiscal incentives
  • Hassle-free investing: Provides simple means of investing in mid-caps, limiting the risk of active stock selection.

Aditya Birla Sun Life Nifty Midcap 150 Index Fund

(An Open ended scheme tracking the Nifty Midcap 150 TR Index)

This product is suitable for investors who are seeking*

  • Long term Capital Appreciation
  • Investments in Equity and equity related securities replicating the composition of the Nifty Midcap 150 Index

 

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

Moderately High Risk
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  • KIM - Aditya Birla Sun Life Nifty Midcap 150 Index Fund
  • SID - Aditya Birla Sun Life Nifty Midcap 150 Index Fund

Disclaimer

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

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