Aditya Birla Sun Life India GenNext Fund was launched in August 2005. It is an open-ended equity fund that invests on the consumption theme. It bets on the growing number of working people in India, rising incomes and high value spending patterns.Â
If long-term investments are made through SIP, a fund of more than crores of rupees can be created. There are many such schemes of equity mutual funds that have made investors who invest through SIP with discipline, crorepatis. Aditya Birla Sun Life India GenNext Fund is one such scheme. It has created a fund of Rs 1.60 crore by investing Rs 10,000 every month for 19 years. Rs 10,000 every month means an investment of Rs 1.20 lakh in a year. This means that an investment of Rs 22.8 became Rs 1.60 crore in 19 years. This scheme was started in August 2005
Aditya Birla Sun Life India GenNext Fund was started in August 2005. It is an open-ended equity fund that invests on the consumption theme. It bets on the growing number of working people in India, rising income of people and high value spending pattern. If one lakh rupees had been invested in August 2005 at the time of the launch of this fund, it would have grown to Rs 2.35 lakh today. The one-year CAGR return of this fund has been 17.68 percent, 22.38 percent for 3 years and 18.84 percent for 5 years.
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Higher returns than benchmark
This scheme of Aditya Birla Sun Life Mutual Fund has given higher returns to investors than its benchmark index. Nifty India Consumption TRI is its benchmark index. Its three-year return has been 21.78 percent. This fund is managed by Chanchal Khandelwal. He has been managing this fund since 2015. This fund has been popular among investors seeking long-term capital growth.
Risks in investing in a thematic fund
This is a theme-based fund. Investing in a theme-based fund has its own risks. For example, the scope of companies or sectors for investing in such a fund is limited. Many times, if the performance of companies related to the theme is poor, it also affects the fund. Therefore, if you want to invest in this fund, you should take a decision after consulting your personal advisor.
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