- Business
- Aditya Birla Sun Life Nifty Next 50 ETF (ABSLNN50ET.NS) is an open-ended exchange-traded fund that tracks the Nifty Next 50 Total Return Index, aiming to deliver returns closely corresponding to the index's total returns before expenses, subject to tracking error. Launched on December 18, 2018, and listed on the National Stock Exchange of India and BSE, the ETF replicates the index by investing at least 95% of net assets in its constituent equities and equity-related instruments in the same weightage, with up to 5% in cash, money market instruments, or liquid schemes for liquidity; key holdings as of September 30, 2025, include Cholamandalam Investment and Finance Company Limited (2.99%), Tata Power Company Limited (2.88%), and Divi's Laboratories Limited (3.19%), spanning sectors such as finance, power, pharmaceuticals, automobiles, retailing, and aerospace & defense. Managed passively by Ms. Priya Sridhar since December 31, 2024, with a low total expense ratio of 0.09% for the regular plan and a tracking error of 0.11%, the ETF targets long-term investors seeking large-cap growth positioned between top blue-chips and mid-caps, offering intraday trading, rupee cost averaging via SIPs, and tax efficiency under India's equity mutual fund regime.
The ETF, issued by Aditya Birla Sun Life Mutual Fund—a joint venture between Aditya Birla Capital Limited and Sun Life Financial Inc.—operates primarily in India, with assets under management at approximately ₹48.64 crore as of September 30, 2025 (monthly average ₹48.52 crore, excluding inter-scheme investments of ₹45.21 crore). It caters to retail investors, large investors (minimum ₹25 crore in creation units), and market makers (creation unit of 76,000 units), with no entry or exit loads and units tradable like stocks during market hours. Benchmark performance metrics include a beta of 1.00, Sharpe ratio of 0.67, and standard deviation of 17.80% (annualized over three years).
Recent developments include a fund manager transition to Ms. Priya Sridhar on December 31, 2024, enhancing management continuity with her 0.9 years of tenure as of September 2025; AUM fluctuations reflect market conditions, growing from around ₹135 crore to a reported ₹48.64 crore monthly average by late 2025 amid broader equity volatility. The ETF maintains steady passive tracking amid India's evolving tax rules for equity investments post-April 1, 2025 (short-term gains at 20% within 12 months, long-term at 12.5% beyond), with no major acquisitions, partnerships, or product launches noted in the past 1-2 years.