Aditya Birla Sun Life Consumption Fund-Growth Option

Aditya Birla Sun Life Consumption Fund-Growth Option is a scheme launched by Aditya Birla Sun Life Mutual Fund on August 05, 2005, and falls under the Consumption fund category. It currently manages an AUM of Rs 6,323.5 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 1000. It charges an expense ratio of 1.85% for managing the portfolio.

• 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 Consumption Fund-Growth Option trailing returns over different times are -2.36% (1 year), 15.47% (3 year) and 20.64% (5 year). The average annual return of this fund stands at 5.7%.