ABSL NN50 ETF

About Aditya Birla Sun Life NIFTY Next 50 ETF

• Aditya Birla Sun Life NIFTY Next 50 ETF (exchange-traded fund) is an open-ended scheme tracking NIFTY Next 50 Index, subject to tracking errors.
• Aditya Birla Sun Life NIFTY Next 50 ETF aims to replicate the portfolio and performance of the NIFTY Next 50 Index, providing high diversification along with the benefits of investing in the ETF.
• Aditya Birla Sun Life NIFTY Next 50 ETF is managed by Haresh Mehta and Pranav Gupta.
• Aditya Birla Sun Life NIFTY Next 50 ETF is traded on the NSE, enabling investors to trade at market prices during each session.
• The net asset value (NAV) of Aditya Birla Sun Life NIFTY Next 50 ETF stood at ₹76.29 apiece (as of July 12)
• Aditya Birla Sun Life NIFTY Next 50 ETF’s assets under management (AUM) stood at ₹50.43 crore.

Investment Objective & Benchmark

• Aditya Birla Sun Life NIFTY Next 50 ETF investment objective is to provide returns that closely correspond to NIFTY Next 50 securities' total returns.
• As a passively managed, index-linked, open-ended exchange-traded fund, its performance replicates the NIFTY Next 50 Index.
• As the ETF units are listed on the stock exchange, one can invest by buying units through a brokerage. This process is similar to trading shares, either directly from your Demat account or through a broker of your choice.
• Any retail trader with a Demat account can invest in this open-ended scheme replicating/tracking the NIFTY Next 50 Index by placing buy orders through a broker or via online trading platforms.
• Aditya Birla Sun Life NIFTY Next 50 ETF has given a return of 67.77% in the last one year. Since its inception in December 2018, Aditya Birla Sun Life NIFTY Next 50 ETF has given returns of 20.12%.
• Aditya Birla Sun Life NIFTY Next 50 ETF looks to allocate a minimum of 95% (up to 100%) of its net assets in equities and equity-linked instruments covered by the 'NIFTY Next 50 Index'.

Asset Allocation and Portfolio Composition

• Aditya Birla Sun Life NIFTY Next 50 ETF includes companies from sectors including financials (19.26%), capital goods (18.47%), services (14.10%), energy (11.26%) and consumer goods (9.89%).

Top holdings:

• Adani Enterprises: 7.26%
• Bharat Electronics: 5.24%
• Trent: 4.97%
• Hindustan Aeronautics: 4.60%
• Apollo Hospitals Enterprise: 4.10%
• LTIMindtree: 3.86%
• Shriram Finance: 3.81%
• Tata Power Company: 3.66%
• Power Finance Corporation: 3.54%
• REC Ltd: 3.29%