NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹190.29
0.36%
NAV as on 30 Apr 24, 12:00 AM
very high risk
equity consumption
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
equity consumption
equity
34.48%p.a.
Last 1Y
19.90%p.a.
Last 3Y
18.35%p.a.
Last 5Y
16.86%p.a.
Since Inception
About Aditya Birla Sun Life India GenNext Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Aditya Birla Sun Life India GenNext Fund Growth scheme from Aditya Birla Sun Life AMC Ltd. It is a Equity - Consumption mutual fund scheme that predominantly invests in Equity - Consumption stocks of companies. Launched on Aug 2005, Aditya Birla Sun Life India GenNext Fund Growth is Equity - Consumption fund of its category with 4,796.85 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Consumption funds.
- Aditya Birla Sun Life India GenNext Fund Growth delivered 34.5% annual returns during the last year. It has delivered 16.9% average annual returns since the fund was launched.
- Aditya Birla Sun Life India GenNext Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
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.
Top 10 Holdings
ITC Ltd
5.02%
ICICI Bank Ltd
4.99%
Bharti Airtel Ltd
4.30%
HDFC Bank Ltd
3.79%
Maruti Suzuki India Ltd
3.35%
Tata Motors Ltd Class A
3.05%
Avenue Supermarts Ltd
3.02%
Trent Ltd
2.90%
Hindustan Unilever Ltd
2.67%
TVS Motor Co Ltd
2.46%
Fund Managers
- Chanchal Khandelwal (Aug 2015 - Present)
- Dhaval Joshi (Nov 2022 - Present)
Key Information
View Scheme Document
Aditya Birla Sun Life India GenNext Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Aditya Birla Sun Life India GenNext Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Aditya Birla Sun Life India GenNext Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Aditya Birla Sun Life India GenNext Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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