August 7, 2024
mayank
Aditya Birla (ABSL) Nifty India Defence Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Aditya Birla (ABSL) Nifty India Defence Index Fund Open Date, Close Date?
NFO opens on August 09, 2024
NFO will close on August 23, 2024
What is the Investment Strategy?
The scheme seeks to provide returns that, before expenses, correspond to the total returns of securities as represented by the Nifty India Defence Total Return Index, subject to tracking errors.
Basic Details
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Issue Open | 09 August 2024 |
| Issue Close | 23 August 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 500 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.05% for redemption within 30 days |
| Riskometer | Very High |
| Benchmark | Nifty India Defence TRI |
What is the Benchmark Index of Aditya Birla (ABSL) Nifty India Defence Index Fund?
NSE Indices has developed the Nifty India Defence Index which aims to track the performance of portfolio of stocks that broadly represent the Defence theme. From the Nifty Total Market index, stocks forming part of eligible basic industries or those which obtain at least 10% of revenues from the defence industry are eligible to be included in the index and are chosen based on 6 month average free-float market capitalisation. The weight of the stocks in the index is based on their free-float market capitalization. Stock weights are capped at 20% each.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Index Variant: Nifty India Defence Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 2.75 | 82.83 | 157.38 | 60.35 | 37.84 |
| Total Return | 2.777 | 83.57 | 159.32 | 62.65 | 39.81 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 32.55 | 27.51 | 26.24 |
| Beta (NIFTY 50) | 1.40 | 0.79 | 0.80 |
| Correlation (NIFTY 50) | 0.55 | 0.55 | 0.55 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 66.25 | 17.92 | 0.38 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Bharat Electronics Ltd. | 19.38 |
| Hindustan Aeronautics Ltd. | 17.40 |
| Solar Industries India Ltd. | 14.41 |
| Cochin Shipyard Ltd. | 10.18 |
| Mazagoan Dock Shipbuilders Ltd. | 8.67 |
| Bharat Dynamics Ltd. | 7.32 |
| Data Patterns (India) Ltd. | 5.27 |
| Astra Microwave Products Ltd. | 4.13 |
| Garden Reach Shipbuilders & Engineers Ltd. | 3.92 |
| Zen Technologies Ltd. | 3.45 |
Performance Review of the Fund Managers of Aditya Birla (ABSL) Nifty India Defence Index Fund?
1) Haresh Mehta
Education: Mr. Mehta has done MBA and CFA
Experience: Prior to joining Aditya Birla Sun Life AMC Ltd, he was associated with Baroda BNP Paribas Asset Management India Pvt. Ltd and First Global Stockbroking Pvt. Ltd
Past Performance of his Schemes
| Fund | Aditya Birla Sun Life BSE Sensex ETF | It’s Benchmark | Aditya Birla Sun Life Nifty 200 Momentum 30 ETF | It’s Benchmark |
| 1 Year | 20.79 | 28.39 | 57.90 | 28.39 |
| 3 Year | 14.43 | 16.77 | — | — |
| 5 Year | 17.53 | 19.55 | — | — |
| 7 Year | 13.11 | 14.95 | — | — |
| 10 Year | — | — | — | — |
As on 07-08-2024
2) Pranav Gupta
Education: Mr. Gupta has done B.Com and Master of Management Studies, Finance
Experience: Prior to joining Aditya Birla Sun Life Mutual Fund, he has worked with Centrum India and Ohm Stock Broker Pvt. Ltd
Past Performance of his Schemes
| Fund | Aditya Birla Sun Life BSE Sensex ETF | It’s Benchmark | Aditya Birla Sun Life Nifty 50 ETF | It’s Benchmark |
| 1 Year | 20.79 | 28.39 | 24.07 | 28.39 |
| 3 Year | 14.43 | 16.77 | 15.16 | 16.77 |
| 5 Year | 17.53 | 19.55 | 18.22 | 19.55 |
| 7 Year | 13.11 | 14.95 | 14.42 | 14.95 |
| 10 Year | — | — | 13.32 | 14.04 |
As on 07-08-2024
Which Company Owns Aditya Birla (ABSL) Nifty India Defence Index Fund?
Aditya Birla Sun Life AMC Ltd.
Address: One World Center, Tower 1, 17th Floor, Jupiter Mill Compound Senapati Bapat Marg, Elphinstone Road Mumbai – 400013
Website: http://mutualfund.adityabirlacapital.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in ABSL Nifty India Defence Index Fund NFO?
Guidance for Aditya Birla (ABSL) Nifty India Defence Index Fund by Paresh Gordhandas, C.A., Research Analyst.
With the launch of the Aditya Birla (ABSL) Nifty India Defence Index Fund, the Fund House is trying to capture a very hot sector in India right now. More so because of the ongoing political unrest across the world and the war, the Defence sector continues to be in the limelight and is heavily supported by the Government in their various initiatives.
This is an Index Fund and is based on the Nifty India Defence Index which aims to track the performance of portfolio of stocks that broadly represent the Defence theme. From the Nifty Total Market index, stocks forming part of eligible basic industries or those which obtain at least 10% of revenues from the defence industry are eligible to be included in the index. Stock weights are capped at 20% each.
The Index has given 1 year return of 157% and 5 year return of 60%!! Though past performance is not a guarantee of future performance, looking at the sector fancy right now, this sectoral fund is expected to give good returns in the coming 1-2 years atleast!
This fund can be compared to the Motilal Oswal Nifty India Defence Index Fund which was launched just a month ago in July 2024.
Can invest in the Aditya Birla (ABSL) Nifty India Defence Index Fund.
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