NRI from all over the world (including U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Aditya Birla Sun Life India GenNext Fund Growth for NRI [225.79]

Min Investment

1,000

Fund Size

6,010.67 Cr

Expense Ratio

1.8%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

225.79

-1.15%

NAV as on 05 Oct 24, 12:00 AM

very high risk

equity consumption

equity

NAV as on 05 Oct 24, 12:00 AM

very high risk

equity consumption

equity

40.33%p.a.

Last 1Y

18.61%p.a.

Last 3Y

21.71%p.a.

Last 5Y

17.86%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 6,010.67 Cr fund under management as on Oct 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 40.3% annual returns during the last year. It has delivered 17.9% 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

4.69%

Bharti Airtel Ltd

4.60%

ICICI Bank Ltd

4.32%

Trent Ltd

4.07%

HDFC Bank Ltd

3.28%

Maruti Suzuki India Ltd

3.17%

Hindustan Unilever Ltd

2.75%

Tata Motors Ltd

2.64%

Avenue Supermarts Ltd

2.63%

Mahindra & Mahindra Ltd

2.41%

Fund Managers

  1. Chanchal Khandelwal (Aug 2015 - Present)
  2. Dhaval Joshi (Nov 2022 - Present)

Key Information

View Scheme Document

Aditya Birla Sun Life India GenNext Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

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 TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% 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

Frequently Asked Questions