Aditya Birla Sun Life NASDAQ 100 FOF Direct-Growth

About Aditya Birla Sun Life NASDAQ 100 FOF Direct-Growth
1. Aditya Birla Sun Life NASDAQ 100 FOF - Direct Plan is Open-ended International Equity scheme which belongs to Aditya Birla Sun Life Mutual Fund House.
2. The fund was launched on Nov 01, 2021.

Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide long-term capital appreciation by investing in units of overseas ETFs and/or Index Fund based on NASDAQ-100 Index. "
2. It is benchmarked against Nasdaq 100 Total Return Index.

Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.20643501% in equities, 0.0% in debts and 0.79356497% in cash & cash equivalents.
2. The top holding of the fund is iShares NASDAQ 100 UCITS ETF USD which constitute around 99.52% of the assets.

Tax Implications on Aditya Birla Sun Life NASDAQ 100 FOF Direct-Growth
1. If units are redeemed within 3 years of investment, the whole amount of gain will get added to the investor's income and will be taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering down one's capital gains which brings down the taxable income and thereby reduces taxes on it.
3. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
4. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.