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Current & Historical NAV / Dividend
Methodology for calculating subscription and redemption price of units.
- Subscription / Switch-in (from other schemes/plans of the Mutual Fund) (This is the price investor need to pay for purchase/switch-in)
If the applicable NAV is Rs. 10/- and since there will be no entry load, then the purchase price will be Rs. 10/- - Redemption / Switch - out (to other schemes/plans of the Mutual Fund)(This is the price investor will receive at the time of redemption/ switch-out)
If the applicable NAV is Rs. 10/- and exit load is 0.5% then sale price will be 10 - (10 * 0.5%) = 10 - 0.05 = Rs. 9.95/-
Declaration
The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Aditya Birla Sun Life Mutual Fund (ABSLMF), securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America ("US") and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under the US Securities Act of 1933, as amended) and persons of Canada.
By entering this Website or accessing any data contained in this Website, I/We hereby confirm that I/We am/are not a U.S. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. I/We hereby confirm that I/We are not giving a false confirmation and/or disguising my/our country of residence. I/We confirm that Aditya Birla Sun Life Mutual Fund / Aditya Birla Sun Life AMC Limited (ABSLAMC) is relying upon this confirmation and in no event shall the directors, officers, employees, trustees, agents of ABSLAMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided.
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 Next 50, subject to tracking errors.
This product is suitable for investors who are seeking:*
- long term investments
- Investments in securities covered by Nifty Next 50 Index .
*Investors should consult their financial advisers if in doubt whether the product is suitable for them
Fund Details
- Fund Type - Open-Ended
- Class - Others
- Category - ETF
- Min Investment -
- Fund Manager - Mr. Lovelish Solanki
- Latest NAV - 399.11 (as on 30-Jul-2021)
- Inception Date - Dec 18, 2018
- Current NAV - 401
Fund Performance
Fund Management
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Mr. Lovelish Solanki
Total Experience : 12 Years
View Full ProfileLovelish 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.
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
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XIRR
5.10%
Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.
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Benchmark XIRR
8%
Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.
Fund Summary
Highlights
- Simplicity
- Transparent
- Real-time trading
- Low Expense ratio
- No active fund management or selection risk
Fund Summary
Want to spend less time worrying over which fund to invest in? Always tempted to switch to the fund that gave the highest returns in the recent past? Meet Index Funds. Index funds aim to make things simple for you. Index funds are equity funds that replicate a particular equity index (like Nifty 50, BSE SENSEX etc.) by investing in the stocks that the index tracks. They buy and sell stocks to maintain the same weighing as the index.
Presenting Aditya Birla Sun Life Nifty Next 50 ETF (An Open Ended Scheme tracking Nifty Next 50 Index) which is designed to track Nifty Next 50 index returns and trade just like any other stock, combined with the benefits of a mutual fund. It will adopt a passive investment strategy. An investor, by owning this ETF can get flexibility of a stock and the diversification of a broader Nifty Next 50 Index.
The NIFTY Next 50 Index represents 50 companies from NIFTY 100 after excluding the NIFTY 50 companies. Nifty Next 50 is more diversified compared to Nifty 50 since it comprises of the next big 50 large/ midcap companies from various sectors, which have the potential to provide better risk adjusted returns as compared to the Nifty 50 over the long term.
The authorised participants are Edelweiss Securities & Parwati Capital. The Fund Benchmark is Nifty Next 50
Key features:
- Provides the opportunity to participate in the movement of next rung of top 50 securities after Nifty 50. Since it is likely to capture emerging companies, it has a potential to outperform large cap based index like Nifty 50
- Have low expense ratio as compared to actively managed mutual fund schemes since it is managed passively and hence no managerial expenses.
- Provides ample diversification to investors as Nifty next 50 companies are core to the India Growth story and are spread across wide spectrum of sectors
- Being an ETF, it is easy to invest and sell in this fund. Investors can invest or sell this fund anytime during the market hours as this ETF will be listed on the stock exchange. Investors do not have to wait end of day to know value of their trades
- Easy to understand & track as it invests in popular market index – Nifty Next 50
- Tend to reduces the risk of selection of securities which is present in actively managed funds
For investors who believe in the passive style – set it & forget it – investing in Aditya Birla Sun Life Nifty Next 50 ETF could be one of the best options, without the fund management risk and relatively high expenses of actively managed funds.
Aditya Birla Sun Life Nifty Next 50 ETF
(An Open ended Scheme tracking Nifty Next 50 Index)
This product is suitable for investors who are seeking:*
- long term investments
- Investments in securities covered by Nifty Next 50 Index .
*Investors should consult their financial advisers if in doubt whether the product is suitable for them
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