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Aditya Birla Sun Life Frontline Equity Direct Fund-Growth rating rating rating rating rating

Equity Large Cap

PLAN: GROWTH TYPE : OPEN-ENDED OPTION: Growth

1 Yr return

9.74%

3 Yrs CAGR returns

10.47%

5 Yrs CAGR returns

9.3%

NAV as on 11 Nov

₹ 244.13 by 0.55 ( 0.23%)

Expense ratio

1.67

Fund Size (Cr)

₹ 22001.9


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Performance Graph*
Returns Calculator
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If ₹1000 invested for 1

Estimated returns*

₹ 0

with % annual returns

Direct Funds
Estimated amount
₹ 10,27,000
Regular Funds
Estimated amount
₹ 9,91,000

* The calculator, based on assumed rate of returns, is meant for illustration purposes only.More

The calculations are not based on any judgments of the future return and should not be construed as promise on minimum returns. Information gathered and material used in this calculator is believed to be from reliable sources. Paisabazaar however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, Paisabazaar does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator.

investment objective

The scheme seeks long term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversified across various industries and/ or sectors as its chosen benchmark index, Nifty 50. The secondary objective

Tax Implications

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

riskometer
Top Holdings
Top 10 Sectors %
Financial 37.67
Energy 13.38
Technology 9.29
FMCG 8.4
Construction 8.12
Health Care 5.46
Automobile 3.55
Others 2.77
Life Insurance 2.47
Cons Durable 2.22
Top 10 Sectors %
Banking 9.71
Banking 8.66
Crude Oil & Natural Gas 5.22
Computer Software 5.19
Infrastructure 4.24
Housing Finance 4.12
Tobacco Prod. 3.71
Banking 3.49
Banking 2.73
Computer Software 2.46
Fund house details
Fund House Aditya Birla Mutual Fund
Fund Manager Mahesh Patil
Fund Setup Date 01 Jan 2013
Address One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road,
Contact 022-43568000/ 1800-270-7000/ 1800-22-7000
More About This Fund

About Aditya Birla Sun Life Frontline Equity Fund

ABSL Frontline Equity Fund operates with the investment objective of long term capital growth through a well diversified portfolio, predominantly investing in equity and equity related securities. The fund’s benchmark index is NIFTY 50 TRI. The secondary objective of this fund is to generate income for its investors and distribute dividends.

The fund is being managed by Mr. Mahesh Patil since January 2013. He is a graduate in B.E. (Electrical), MMS in Finance and Chartered Financial Accountant from ICFAI Hyderabad. Before joining Birla Sun Life AMC, Mr. Patil has worked with Reliance Infocom Ltd., Motilal Oswal Securities, and Parag Parikh Financial Advisory Services Ltd. Delivering historical performance, Mr. Mahesh Patil brings along professional expertise of over 23 years.

Who Should Invest?

  • Investors who are willing to take a moderately higher level of risk with their investments
  • The fund is suitable for investors seeking investments in equity and equity related securities, diversified across various industries
  • Investors with an investment horizon of a minimum of 3-4 years
  • You can also look at the CRISIL rating of the fund while making your investment decision, as it gives an idea about the overall performance of the fund over the years, based on its historical return data and portfolio attributes

What You Could Gain?

  • The fund has offered historical returns since its inception in January 2013
  • If invested over a long term, the fund holds the possibility of offering remarkably higher returns

What You Could Lose?

  • All the equity funds are subject to market risks. Being an equity mid-cap fund, there is a moderate level of risk involved in this fund
  • The fund involves a moderately higher level of risk

Taxation- How Will They be Taxed?

The fund applies a short term capital gains tax of 15% if the units are sold within 1 year from the date of allotment. If the units worth more than Rs. 1 lakh are sold after 1 year from the date of allotment, a long term capital gains tax of 10% is applied. It must be noted that the given tax rates are exclusive of indexation.

How to Invest in ABSL Frontline Equity Fund?

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  • Click on the section of ‘Equity Funds’
  • Type and search directly by the name of ABSL Frontline Equity Fund Direct Growth. Once it opens up, look at the details. You can also compare similar funds as well as use SIP Calculator or Lumpsum Calculator to estimate the future value of your investment
  • Click on ‘Invest Now’, select either Lump sum or SIP

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FAQs

Q. What are large cap funds?
A. Mutual funds that invest in stocks of companies with larger market capitalization are called large cap funds. These companies are usually the ones with a good track record and are known to be well established players in the market.

Q. Does this scheme come under Section 80C or offers tax benefits?
A. No, this fund does not come under Section 80C of the Income Tax Act, neither does it offer any tax benefits.

Q. What is Exit Load? Does this particular scheme have an Exit Load?
A. Exit Load is the fee charged from an investor when he decides to quit the scheme and redeem his money. Generally, there is some penalty charged only if funds are redeemed in less than 365 days, otherwise there are usually no charges. The fund has an Exit Load of 1% if the units are redeemed within 1 year from the date of allotment. However, if the units are redeemed after a year of purchase, there is no Exit Load.

Q. What is Expense Ratio? What is the Expense Ratio of ABSL Frontline Equity Fund?
A. It is the fee charged from the investor for managing his fund money and allocating it to the stocks that can help him earn returns. The fund has an Expense Ratio of 1.23% (direct plan).

Q. Is there a lock-in period for this scheme?
A. The fund does not have a lock-in period.