Aditya Birla Sun Life BSE 500 Momentum 50 Index Fund-Direct Growth

Aditya Birla Sun Life BSE 500 Momentum 50 Index Fund-Direct Growth holds up reasonably well within the Equity Funds category. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 74/100.

Cost: At 0.41%, the expense ratio is meaningfully cheaper — about 13% below the Equity Funds category average of 0.47% (based on 24 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.02 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 18.01% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Index fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.