Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund-Regular Growth

Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund-Regular Growth is a scheme launched by Aditya Birla Sun Life Mutual Fund on June 08, 2021, and falls under the Index fund category. It currently manages an AUM of Rs 387.79 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 100. It charges an expense ratio of 1.02% for managing the portfolio.

• Investing Strategy:

  The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by Nifty 50 Equal Weight TR Index, subject to tracking errors.

• Performance:

  Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund-Regular Growth trailing returns over different times are -0.92% (1 year), 16.87% (3 year) and 0% (5 year). The average annual return of this fund stands at 10.19%.