Aditya Birla Sun Life Digital India Fund generates Rs 3 crore in 23 years: Wealth Creation Study

Aditya Birla Sun Life Digital India Fund generated more than Rs 3 crore with a monthly systematic investment plan (SIP) of Rs 10,000 in the last 23 years, according to a wealth creation study by Aditya Birla Sun Life Mutual Fund.

This indicates a compounded annual growth rate (CAGR) of 17% during the same time. A monthly SIP of Rs 10,000 amounting to around Rs 29 lakh grew to over Rs 3 crore in 23 years.

In a five-year horizon, the SIP investments in the scheme offered an XIRR of 26.80% compared to 19.02% by its benchmark (S&P BSE Teck TRI). In the three-year horizon, the SIP investments in the scheme offered 19.16% returns compared to 12.69% by its benchmark (S&P BSE Teck TRI). In the one-year horizon, the scheme gave an XIRR of 48.29% on SIP investments as against 35.56% by the benchmark.

A lump sum investment of Rs 1 lakh in the scheme has turned to over Rs 15 lakh in the last 23 years. The scheme offered a CAGR of 12.2% since inception on lumpsum investments, according to the study.
The fund was launched on January 15, 2000. The investment objective of the scheme is to invest in a range of companies with varying market caps, from bluechip stocks to tech start-ups, providing a diversified portfolio. An investor would likely benefit from the high growth potential of the IT, media, telecom and entertainment sectors, said the wealth creation study.“The two decades-plus wealth creation study shows our Digital India Fund has consistently outperformed its benchmark and peers. An investor has been handsomely rewarded with more than Rs 3 crore using a simple Rs 10,000 monthly SIP over the last 23 years.The fund’s focus on capitalising on opportunities within the technology sector, which is constantly evolving, is a smart move that aligns with the broader trends and advancements shaping the industry. This approach has resulted in the fund’s success and above-average returns, which is a positive sign for investors who are looking for a reliable investment option,” said A. Balasubramanian, Managing Director and CEO, Aditya Birla Sun Life AMC.

The scheme is managed by Kunal Sangoi and Dhaval Joshi.

Aditya Birla Sun Life Digital India Fund is an open-ended equity scheme investing in the technology, telecom, media, entertainment, and other related ancillary sectors.

The scheme is suitable for investors who are seeking long-term capital growth, and want investments in equity and equity-related securities with a focus on investing in IT, media, telecom-related and other technology-enabled companies.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


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