Mutual fund calculator: An equity fund that has on an average doubled money every 3 years

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There are scores of equity funds that have given stellar returns to investors over varied periods of five, ten or fifteen years. But there is one standout performer which has on an average doubled investors’ money every three years over more than two decades. This fund is Aditya Birla Sun Life Flexi Cap Fund — an open-ended dynamic equity fund that invests in largecap, midcap, and small-cap stocks.

Aditya Birla Sun Life Flexi Cap Fund was established on August 27, 1998, and it has now been operational for around 24 years. As of June 30, 2022, Aditya Birla Sun Life Flexi Cap Fund Regular-Growth had assets under management (AUM) at Rs 15,651.66 crore, and as of August 22, 2022, the fund’s NAV was Rs 1,099.82.

Aditya Birla Sun Life Flexi Cap Fund returns

This fund’s one-year growth return is 1.32 percent, and since its inception, it has generated average annual return of 21.63 percent. Over the last 24 years, its 21.63 percent annual return has helped an initial investment of Rs 1 lakh to grow to Rs 1.08 crore. Since the fund has produced 14.57 percent over the past ten years, a monthly SIP of Rs 10,000 would now be worth Rs 25.7 lakh. Since the fund has given 13.65 percent over the past five years, a monthly SIP of Rs 10,000 made 5 years ago would now be worth Rs 8.44 lakh. A monthly SIP of Rs 10,000 started three years ago would now be worth Rs 4.68 lakh due to the fund’s 17.90 percent gains over the previous three years.

Other features of this fund

The expense ratio for the fund is 1.79 percent, which is higher than the average for funds in the same category. Financial, technology, healthcare, consumer staples, and communication industries are among the sectors to which the fund is allocated. ICI-CI Bank Ltd., Infosys Ltd., HDFC Bank Ltd., Bharti Airtel Ltd., and Dr. Reddy’s Laboratories Ltd. are the top five holdings of the fund. In domestic equities, the fund has a 97.27 percent investment, of which 74.57 percent are large-cap companies, 13.02 percent are mid-cap stocks, and 9.69 percent are small-cap stocks.

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