Aditya Birla Sun Life India Gennext Fund-Growth Option

Aditya Birla Sun Life India Gennext Fund-Growth Option is a fund scheme from Aditya Birla Sun Life mutual fund. It falls under a Consumption category. After being launched on 2005-08-05. Aditya Birla Sun Life India Gennext Fund-Growth Option has achieved Rs 5625.62 Crores worth of assets under management (AUM). It allows minimum SIP of Rs 1000 and lumpsum of Rs 1000 to start the investment. The expense ratio of this fund is 1.85%.

• Investing Strategy:

  An Open-ended growth scheme with the objective 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: 1. Companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand identity, thereby enabling choice.

• Performance:

  Aditya Birla Sun Life India Gennext Fund-Growth Option trailing returns over different times are 9.78% (1 year), 16.12% (3 year), 22.61% (5 year). The average annual return of this fund stands at 9.78%

• Fund Manager & Portfolio Allocation:

  Chanchal Khandelwal, Dhaval Joshi are the current fund managers of this mutual fund. The fund has a majority of its money invested in the top 5 sectors such as Retailing, Banks, Automobiles, Consumer Durables, Diversified FMCG Sectors. First five holdings of this fund are BHARTI AIRTEL LIMITED EQ NEW FV RS 5/-, ITC LIMITED EQ NEW FV RE.1/-, ICICI BANK LIMITED EQ NEW FV RS. 2/-, ZOMATO LIMITED EQ, MARUTI SUZUKI INDIA LIMITED EQ Companies.