January 22, 2024
mayank
Aditya Birla (ABSL) Mid Cap Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 695.2400
NAV IDCW: Rs 84.9100
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme aims at long-term growth of capital at controlled level of risk by investing primarily in mid-cap stocks, to generate returns higher than a fund focused on large and liquid stocks. A small portion of the portfolio may be kept in call & money market instruments in order to meet the liquidity needs.
Fund Manager:
1) Harish Krishnan
Education: Mr. Krishnan is a Graduate from Government Engineering College Trichur and MBA from IIM Kozhikode
Experience: Prior to joining Aditya Birla Sun Life Mutual Fund, he has also worked at Kotak Mahindra Mutual Fund, Infosys Technologies Ltd in his earlier stint.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 90 days |
Basic Details
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 17.19% |
| Benchmark | NIFTY Midcap 150 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 4,944 Cr |
| (As on 31-Dec-2023) | |
| Expense | 1.07% |
| (As on 31-Dec-2023) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
| Turnover | 20.00% |
Trailing Returns (%) of Aditya Birla Sun Life (ABSL) Mid Cap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Mid Cap Dir | 0.09 | 1.09 | 2.57 | 11.47 | 21.77 | 42.60 | 25.22 | 18.86 | 15.38 | 19.68 |
| S&P BSE 150 MidCap TRI | 3.75 | 1.56 | 5.32 | 17.14 | 28.29 | 48.13 | 29.23 | 24.22 | 20.27 | 22.49 |
| Equity: Mid Cap | 2.40 | 1.28 | 3.46 | 15.03 | 24.86 | 44.72 | 26.93 | 22.93 | 18.71 | 21.88 |
| Rank within category | 38 | 25 | 29 | 32 | 29 | 23 | 18 | 21 | 19 | 17 |
| Number of funds in category | 39 | 39 | 39 | 39 | 39 | 38 | 25 | 22 | 19 | 18 |
Peer Comparison of Aditya Birla Sun Life (ABSL) Mid Cap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ABSL Mid Cap Dir | 2 star | 42.60 | 25.22 | 18.86 | 1.07 | 4,944 | 17.19 | 1.00 (90) | 11Y | 20.00 |
| HDFC Mid-Cap Opp Dir | 4 star | 49.28 | 32.05 | 24.58 | 0.80 | 56,033 | 21.78 | 1.00 (365) | 11Y | 18.56 |
| Kotak Emrgng Eqt Dir | 4 star | 34.38 | 26.58 | 23.85 | 0.38 | 38,520 | 20.95 | 1.00 (365) | 11Y | 1.62 |
| Nippon Ind Growth Dir | 4 star | 50.58 | 31.00 | 25.71 | 0.83 | 23,495 | 19.08 | 1.00 (30) | 11Y | 19.00 |
| SBI Magnum Midcap Dir | 4 star | 38.49 | 28.00 | 23.79 | 0.84 | 15,458 | 20.41 | 1.00 (365) | 11Y | 8.00 |
Portfolio Analysis of Aditya Birla Sun Life (ABSL) Mid Cap Fund
| No. of Stocks | 85 |
| Top 10 Stocks | 27.59% |
| Top 5 Stocks | 14.88% |
| Top 3 Sectors | 38.70% |
| Portfolio P/B Ratio | 3.91 |
| Portfolio P/E Ratio | 22.27 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 38,038 | 45,830 |
| Giant (%) | 2.64 | 3.99 |
| Large (%) | 21.77 | 32.25 |
| Mid (%) | 70.41 | 61.34 |
| Small (%) | 5.18 | 5.17 |
| Tiny (%) | — | — |
How to Invest in Aditya Birla Sun Life (ABSL) Mid Cap Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Mid Cap Fund
Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.
Apply Online: https://mutualfund.adityabirlacapital.com/help-centre/invest-now
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