Rising consumption is one of the dominant themes of 21st century and GenNext is a prime driver of the economic boom benefitting from this consumption. The expansion of the growing middle class with rising income and increase in the availability of retail credit is spurring the Indian consumer goods growth story. On the back of India’s favorable demographics, the outlook for further growth is compelling.
Taking benefit of the rising consumption patterns, BSL India GenNext fund invests in those companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. The fund is declaring its annual dividend for the year, an amount of Rs 2.60/unit (approx. dividend yield of 11.31% under Regular Plan and 10.33% under Direct Plan), record date being 18 June 2015. Following are few updates on the fund:
- Being a SIP Investor from September 2005(Inception: 05 Aug 2005) in BSL India GenNext Fund, would have helped creating wealth worth Rs. 3.18 lakhs i.e. an yield of as high as 19.5%, against 11.6% by S&P CNX Nifty
- Starting from 2007, the fund has been regular w.r.t. to declaration of dividend i.e. 9 dividends maintaining yield in the range of 6% - 15%
- With an AUM of Rs 269 crores (11 June 15), the fund has beaten its benchmark, S&P CNX Nifty, by 10% - 27% and it's peer group by a substantial margin, across various time periods(please refer to the table below)
( Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)