Best Mutual Fund: Aditya Birla Sun Life Digital India Fund is a thematic equity scheme that invests in Technology, Telecom, Media, Entertainment and allied sectors.
The fund aims to generate long-term wealth creation through a portfolio with a target of investing 100% in equities and focusing on sectoral/thematic investments.
The fund can invest up to 25% of its net assets in stocks of global technology companies and their related ancillary industries.
The fund was incepted on January 15 2000. That is, recently its 23rd anniversary has been celebrated.
Let us see how the fund turned a Rs 10,000 monthly (Rs 333 daily) SIP into Rs 2.53 crore with a CAGR of 16.49%.
Check Aditya Birla Sun Life Digital India Fund’s performance
Aditya Birla Sun Life Digital India Fund has given a negative CAGR (Compound Annual Growth Rate) return of -0.87% during the last year.
A monthly SIP of Rs 10,000 in the fund over the past three years resulted in a net investment of Rs 3.60 lakh, but a CAGR of 26.07% made this a net investment of Rs 5.24 lakh.
Five years and since inception returns
The CAGR of the fund during the last five years has been 24.86%. This increased the total investment amount by Rs 6 lakh to Rs 11.09 lakh with a monthly SIP of Rs 10,000.
The fund’s CAGR since inception has been 16.49%, making a monthly SIP of Rs 10,000 worth the total investment amount of Rs 27.50 lakh.
But due to the return, this money became Rs 2.53 crore.
Left the benchmark behind
The fund has outperformed its benchmark over the last five years. Its returns have been a CAGR of 24.57 per cent, while its benchmark S&P BSE Tech TRI has delivered 20.70 per cent during the same period.
Its benchmark has a CAGR of 26.25 per cent, while its CAGR has been 31.86 per cent during the last three years.
Here are the top 10 holdings of the fund
The fund invests in major sectors, including capital goods, consumer discretionary, technology, services and communications.
Infosys, Tata Consultancy Services, HCL Technologies, Tech Mahindra, Bharti Airtel, Larsen & Toubro Infotech, Coforge,
Cent, Zee Entertainment Enterprises and Wipro Limited are among the fund’s top 10 holdings.
Know the rest of the details of the fund
Now let’s know the rest of the important details of the fund. The fund managers are Kunal Sangoi since January 16, 2014, and Dhaval Joshi since November 21, 2022.
The Assets Under Management (AUM) of Aditya Birla Sun Life Digital India Fund as of 31/12/2022 is Rs.3,244 Crore, and the NAV (Net Asset Value) of the fund as on January 13, 2023, is Rs.127.66.
The expense ratio for the standard options of the fund is 2.06 per cent, while the expense ratio for its direct options is 0.87 per cent.
