Aditya Birla Sun Life Digital India Fund Wealth Creation Study

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Aditya Birla Sun Life Digital India Fund Wealth Creation Study
Aditya Birla Sun Life Digital India Fund 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.

A lump sum investment of Rs 1 lakh has turned into almost Rs 15 lakhs in 23 years.

Bengaluru, February 6, 2024: Aditya Birla Sun Life AMC Limited (ABSLAMC), a subsidiary of Aditya Birla Capital Limited and investment manager for Aditya Birla Sun Life Mutual Fund, has reported that 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. That implies a compounded annual growth rate (CAGR) of 17% during the same time.

Similarly, a lump-sum investment of Rs 1 lakh has turned into over Rs 15 lakh in the last 23 years. In other words, a lump-sum investment has delivered a CAGR of 12.2% since inception.

The fund was launched on January 15, 2000, with the objective of investing in a range of companies with varying market caps, from blue-chip 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.

Commenting on the wealth creation, A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd, said, “The two-decade-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 by means of a simple Rs 10,000 monthly SIP over the last 23 years. The fund’s focus on capitalizing 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.”

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