April 23, 2024
mayank
Aditya Birla (ABSL) Nifty PSE ETF 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 PSE ETF Open Date, Close Date?
NFO opens on May 02, 2024
NFO will close on May 16, 2024
What is the Investment Strategy?
The Scheme seeks to generate returns that are in line with the performance of Nifty PSE Index, subject to tracking errors.
Basic Details
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Issue Open | 02 May 2024 |
| Issue Close | 16 May 2024 |
| Type | Open-ended |
| Category | Equity: Thematic-PSU |
| Min. Investment(Rs) | 500 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY PSE |
What is the Benchmark Index of Aditya Birla (ABSL) Nifty PSE ETF?
The Nifty PSE Index comprises of 20 stocks that are listed on the National Stock Exchange (NSE) where 51% of company’s outstanding share capital is held by the Central Government and/or State Government, directly or indirectly.
Nifty PSE Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value. Nifty PSE Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty PSE Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 16.13 | 16.13 | 103.89 | 20.54 | 7.85 |
| Total Return | 17.07 | 17.07 | 107.90 | 24.43 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 20.42 | 23.16 | 25.95 |
| Beta (NIFTY 50) | 1.24 | 0.84 | 0.83 |
| Correlation (NIFTY 50) | 0.60 | 0.69 | 0.74 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 10.27 | 2.35 | 3.07 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| NTPC Ltd. | 14.07 |
| Power Grid Corporation of India Ltd. | 11.13 |
| Oil & Natural Gas Corporation Ltd. | 9.22 |
| Coal India Ltd. | 8.73 |
| Bharat Electronics Ltd. | 6.37 |
| Hindustan Aeronautics Ltd. | 5.49 |
| Indian Oil Corporation Ltd. | 5.43 |
| Bharat Petroleum Corporation Ltd. | 5.07 |
| Power Finance Corporation Ltd. | 5.00 |
| REC Ltd. | 4.92 |
Performance Review of the Fund Manager of Aditya Birla (ABSL) Nifty PSE ETF?
1) Haresh Mehta
Education: Nil
Experience: Nil
Past Performance of his Schemes
| Fund | Aditya Birla Sun Life Nifty 200 Momentum 30 ETF | It’s Benchmark | Aditya Birla Sun Life Nifty 200 Quality 30 ETF | It’s Benchmark |
| 1 Year | 66.72 | 32.40 | 30.67 | 39.11 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 23-4-2024
Which Company Owns Aditya Birla (ABSL) Nifty PSE ETF?
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 Aditya Birla (ABSL) Nifty PSE ETF NFO?
Guidance for Aditya Birla Sun Life (ABSL) Nifty PSE ETF by Paresh Gordhandas, C.A., Research Analyst.
The fund is based on the Nifty PSE Index comprises of 20 stocks that are listed on the National Stock Exchange (NSE) where 51% of company’s outstanding share capital is held by the Central Government and/or State Government, directly or indirectly.
Since its inception, the benchmark has given return of 7.85%. The Index comprises of companies such as NTPC, Powergrid, ONGC, Coal India, Bharat Electronics etc.
Some of these companies have given good returns but most have been slow runners and have underperformed the Sensex and Nifty. While these companies do shell out good dividends, capital appreciation is slow.
Compared to investing in a PSE Fund, it would be better to invest in a Flexi Cap Fund, which are preferred over thematic funds.
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Quicklinks
https://sahifund.com/aditya-birla-sun-life-absl-nifty-it-etf/