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Birla Sun Life Mutual Fund is a joint endeavour between Aditya Birla Group (India) and Sun Life Financial Company (Canada). Investments of Birla Sun Life Mutual Fund are handled by Birla Sun Life Asset Management Co. Ltd. BSL Mutual Fund specialises in various investment objectives like tax savings, personal savings, wealth creation, etc. They offer a diverse range of investments like tax saving Mutual Funds, Birla Sun Life SIP, Birla Sun Life Equity Fund, etc. The company is backed by one of the largest research team of Analyst in the industry, who are dedicated to tracking down the best companies to invest in.
Birla Sun Life MNC Fund is known for its consistent performance and in helping its customers to reach their financial goals. Birla MF schemes are well crafted to cater the needs of the investors.
AMC | Aditya Birla Sun Life Mutual Fund |
---|---|
Date of Setup | December 23, 1994 |
AUM | INR 249269.92 crore (Jun-30-2018) |
Chairman | Mr. Kumar Mangalam Birla |
CEO/MD | Mr. A. Balasubramanian |
Compliance Officer | Ms. Hemanti Wadhwa |
Investor Service Officer | Ms. Keerti Gupta |
Headquarters | Mumbai |
Customer Care Number | 1800 270 7000 / 1800 22 7000 |
Fax | 022 - 43568110/ 8111 |
Telephone | 022 – 43568000 |
connect[AT]birlasunlife.com | |
Website | www.birlasunlife.com |
Aditya Birla Sun Life (ABSL) Mutual Fund is a part of Aditya Birla Capital Limited. The group has a strong presence across various areas of financial services such as Life Insurance, corporate lending, structured finance, and corporate equity. This fund house was established in 1994 and since then, it has been striving to cater the diverse and varied requirements of the individuals. The fund house is trying to reach out to people with the help of its strong and robust distribution network and branches.
ABSL Mutual Fund has sector specific fund schemes, fund of funds schemes, and varied range of Mutual Fund schemes. The Asset Management Company (AMC) ensures that people get the maximum benefits out of their investment amount.
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The equity instrument provided by Birla Sun Life Mutual Fund helps investors to reduce their tax burden. The AMC offers Equity Linked Savings Scheme (ELSS), which caters to the tax-savings needs of the investors. ELSS helps investors to save tax under Section 80C of income tax Act and at the same time helps to grow the invested money through equity investments.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Aditya Birla Sun Life Small Cap Fund Growth ₹64.494
↑ 0.56 ₹4,160 16.4 27.3 26.3 29.9 10.7 -6.5 Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹46.47
↑ 0.22 ₹2,860 9.9 20.4 21.4 26.6 8.4 11.5 Aditya Birla Sun Life Equity Fund Growth ₹1,258.75
↑ 4.60 ₹17,406 9.3 13.9 14.5 20.6 11.1 -1.1 Aditya Birla Sun Life India GenNext Fund Growth ₹159.9
↑ 0.79 ₹4,025 9.7 16.7 13.5 22.7 13.6 5.1 Aditya Birla Sun Life Frontline Equity Fund Growth ₹386.08
↑ 0.94 ₹23,758 8.3 13 13.3 20.9 11 3.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23
Debt Plans offered by Birla Mutual Fund aim at preserving customers’ money by providing them with tax-saving options and better liquidity than those offered by other bank accounts. The AMC offers Liquid Funds and Ultra Short-Term Funds, which provides potential returns in the time period of 1-3 years.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Money Manager Fund Growth ₹322.19
↑ 0.07 ₹15,637 1.7 3.8 7.1 5 4.8 7.32% 5M 23D 5M 23D Aditya Birla Sun Life Corporate Bond Fund Growth ₹97.1847
↑ 0.01 ₹17,961 1.5 3.9 6.8 5.4 4.1 7.62% 2Y 2M 5D 2Y 9M 22D Aditya Birla Sun Life Savings Fund Growth ₹477.445
↑ 0.09 ₹14,783 1.7 3.7 6.8 5.1 4.8 7.39% 5M 1D 5M 8D Aditya Birla Sun Life Floating Rate Fund - Long Term Growth ₹301.96
↑ 0.05 ₹12,690 1.8 4 7.1 5.3 4.8 7.46% 11M 12D 1Y 1M 2D Aditya Birla Sun Life Medium Term Plan Growth ₹32.9241
↑ 0.00 ₹1,891 1.1 3.8 6.9 13.5 24.8 7.95% 2Y 10M 6D 4Y 7M 28D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23
Hybrid Fund are a type of Mutual Funds that is a combination of equity and debt funds. This fund allows an investor to invest in both debt and equity market in certain proportions.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Aditya Birla Sun Life Equity Hybrid 95 Fund Growth ₹1,156.62
↑ 3.11 ₹7,277 7.6 12.6 10.7 17.3 8.3 -1.7 Aditya Birla Sun Life Regular Savings Fund Growth ₹55.6067
↑ 0.05 ₹1,507 2.8 5.8 7.5 11.8 7.2 5.3 Aditya Birla Sun Life Balanced Advantage Fund Growth ₹82.21
↑ 0.20 ₹6,818 5.7 9.7 11.6 13.4 9.8 4.2 Aditya Birla Sun Life Arbitrage Fund Growth ₹23.311
↑ 0.02 ₹5,235 1.8 3.5 6.5 4.6 5 4.1 Aditya Birla Sun Life Equity Savings Fund Growth ₹18.61
↑ 0.01 ₹465 4.3 7.9 8.8 9.9 6.6 -1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23
The tax saving Mutual Fund offered by Aditya Birla Sun Life MF helps to reduce your tax burden and also aims to provide growth on your invested money through equity investments. By investing in this fund, investors can save more than INR 45,000 per annum in taxes and can also create wealth with equity markets. This tax saving Mutual Fund has a lock-in period of three years and is available in both lump sum and SIP investment options. Investors seeking long-term capital growth along with tax benefits under SEC 80C can ideally invest here.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Aditya Birla Sun Life Tax Relief '96 Growth ₹44.22
↑ 0.03 ₹14,253 9 12.7 8.2 11.7 6.2 -1.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23
An Open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, S&P BSE 200. Aditya Birla Sun Life Frontline Equity Fund is a Equity - Large Cap fund was launched on 30 Aug 02. It is a fund with Moderately High risk and has given a Below is the key information for Aditya Birla Sun Life Frontline Equity Fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Small & Midcap Fund) An Open ended Small and Mid Cap Equity Scheme with an objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and midcap. The Scheme may also invest a certain portion of its corpus in fixed income securities including money market instruments, in order to meet liquidity requirements from time to time. Aditya Birla Sun Life Small Cap Fund is a Equity - Small Cap fund was launched on 31 May 07. It is a fund with Moderately High risk and has given a Below is the key information for Aditya Birla Sun Life Small Cap Fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Advantage Fund) An Open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk through a diversified research based investment approach. Aditya Birla Sun Life Equity Advantage Fund is a Equity - Large & Mid Cap fund was launched on 24 Feb 95. It is a fund with Moderately High risk and has given a Below is the key information for Aditya Birla Sun Life Equity Advantage Fund Returns up to 1 year are on An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity,
20% debt and money market securities Aditya Birla Sun Life Tax Relief '96 is a Equity - ELSS fund was launched on 6 Mar 08. It is a fund with Moderately High risk and has given a Below is the key information for Aditya Birla Sun Life Tax Relief '96 Returns up to 1 year are on 1. Aditya Birla Sun Life Frontline Equity Fund
CAGR/Annualized
return of 19% since its launch. Ranked 14 in Large Cap
category. Return for 2022 was 3.5% , 2021 was 27.9% and 2020 was 14.2% . Aditya Birla Sun Life Frontline Equity Fund
Growth Launch Date 30 Aug 02 NAV (22 Aug 23) ₹386.08 ↑ 0.94 (0.24 %) Net Assets (Cr) ₹23,758 on 31 Jul 23 Category Equity - Large Cap AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.73 Sharpe Ratio 0.93 Information Ratio 0.35 Alpha Ratio 3.34 Min Investment 1,000 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹10,410 30 Sep 20 ₹10,082 30 Sep 21 ₹16,165 30 Sep 22 ₹15,879 30 Sep 23 ₹18,573 Returns for Aditya Birla Sun Life Frontline Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month -0.2% 3 Month 8.3% 6 Month 13% 1 Year 13.3% 3 Year 20.9% 5 Year 11% 10 Year 15 Year Since launch 19% Historical performance (Yearly) on absolute basis
Year Returns 2022 3.5% 2021 27.9% 2020 14.2% 2019 7.6% 2018 -2.9% 2017 30.6% 2016 7.4% 2015 1.1% 2014 44.7% 2013 9.3% Fund Manager information for Aditya Birla Sun Life Frontline Equity Fund
Name Since Tenure Mahesh Patil 17 Nov 05 17.8 Yr. Dhaval Joshi 21 Nov 22 0.78 Yr. Data below for Aditya Birla Sun Life Frontline Equity Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 36.81% Consumer Cyclical 12.42% Technology 9.87% Industrials 7.5% Consumer Defensive 7.32% Energy 6.19% Basic Materials 5.81% Health Care 5.54% Communication Services 3.87% Utility 2.02% Real Estate 1.64% Asset Allocation
Asset Class Value Cash 1% Equity 98.99% Debt 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 07 | HDFCBANK11% ₹2,552 Cr 16,242,924
↑ 2,069,424 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹2,032 Cr 21,189,918 Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY6% ₹1,417 Cr 9,874,127 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 05 | RELIANCE5% ₹1,250 Cr 5,193,755 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 08 | LT5% ₹1,070 Cr 3,957,641 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | 5322153% ₹817 Cr 8,391,819
↓ -431,178 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL3% ₹714 Cr 8,342,637 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN3% ₹640 Cr 11,401,570 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | M&M3% ₹588 Cr 3,735,556 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 08 | ITC2% ₹563 Cr 12,812,316 2. Aditya Birla Sun Life Small Cap Fund
CAGR/Annualized
return of 12.1% since its launch. Ranked 1 in Small Cap
category. Return for 2022 was -6.5% , 2021 was 51.4% and 2020 was 19.8% . Aditya Birla Sun Life Small Cap Fund
Growth Launch Date 31 May 07 NAV (22 Aug 23) ₹64.494 ↑ 0.56 (0.87 %) Net Assets (Cr) ₹4,160 on 31 Jul 23 Category Equity - Small Cap AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio 1.41 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹8,852 30 Sep 20 ₹8,796 30 Sep 21 ₹15,994 30 Sep 22 ₹15,175 30 Sep 23 ₹19,387 Returns for Aditya Birla Sun Life Small Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 3.9% 3 Month 16.4% 6 Month 27.3% 1 Year 26.3% 3 Year 29.9% 5 Year 10.7% 10 Year 15 Year Since launch 12.1% Historical performance (Yearly) on absolute basis
Year Returns 2022 -6.5% 2021 51.4% 2020 19.8% 2019 -11.5% 2018 -22.6% 2017 56.7% 2016 9.7% 2015 13.4% 2014 66.3% 2013 4.8% Fund Manager information for Aditya Birla Sun Life Small Cap Fund
Name Since Tenure Vishal Gajwani 4 Oct 22 0.91 Yr. Dhaval Joshi 21 Nov 22 0.78 Yr. Data below for Aditya Birla Sun Life Small Cap Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Industrials 22.53% Consumer Cyclical 19.9% Financial Services 19.11% Technology 10.15% Basic Materials 6.98% Consumer Defensive 5.1% Health Care 4.56% Real Estate 2.54% Communication Services 1.09% Asset Allocation
Asset Class Value Cash 7.34% Equity 92.66% Top Securities Holdings / Portfolio
Name Holding Value Quantity JK Cement Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JKCEMENT3% ₹114 Cr 346,400 Cholamandalam Financial Holdings Ltd Shs Dematerialised (Financial Services)
Equity, Since 31 Dec 18 | CHOLAHLDNG2% ₹106 Cr 1,072,811 Go Fashion (India) Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | 5434012% ₹105 Cr 784,280 Hitachi Energy India Ltd Ordinary Shares (Technology)
Equity, Since 30 Sep 20 | POWERINDIA2% ₹98 Cr 223,165 Star Health and Allied Insurance Co Ltd (Financial Services)
Equity, Since 30 Jun 23 | 5434122% ₹93 Cr 1,460,521
↑ 576,573 TD Power Systems Ltd (Industrials)
Equity, Since 30 Jun 23 | TDPOWERSYS2% ₹90 Cr 3,384,616 The Federal Bank Ltd (Financial Services)
Equity, Since 31 May 22 | FEDERALBNK2% ₹87 Cr 6,076,131 Campus Activewear Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | 5435232% ₹83 Cr 2,759,605
↑ 800,063 Gokaldas Exports Ltd (Consumer Cyclical)
Equity, Since 31 Mar 23 | GOKEX2% ₹82 Cr 1,033,157
↓ -59,751 ICICI Securities Ltd (Financial Services)
Equity, Since 31 Jul 23 | ISEC2% ₹76 Cr 1,211,269
↑ 763,331 3. Aditya Birla Sun Life Equity Advantage Fund
CAGR/Annualized
return of 17% since its launch. Ranked 10 in Large & Mid Cap
category. Return for 2022 was -13% , 2021 was 38.3% and 2020 was 18.3% . Aditya Birla Sun Life Equity Advantage Fund
Growth Launch Date 24 Feb 95 NAV (22 Aug 23) ₹681.49 ↑ 5.00 (0.74 %) Net Assets (Cr) ₹5,241 on 31 Jul 23 Category Equity - Large & Mid Cap AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.96 Sharpe Ratio 0.7 Information Ratio -1.5 Alpha Ratio -4.03 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹10,063 30 Sep 20 ₹10,388 30 Sep 21 ₹17,291 30 Sep 22 ₹15,300 30 Sep 23 ₹17,720 Returns for Aditya Birla Sun Life Equity Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 1.7% 3 Month 10.8% 6 Month 16.8% 1 Year 12.9% 3 Year 19.6% 5 Year 9% 10 Year 15 Year Since launch 17% Historical performance (Yearly) on absolute basis
Year Returns 2022 -13% 2021 38.3% 2020 18.3% 2019 8.9% 2018 -13.7% 2017 41.8% 2016 8.5% 2015 5.2% 2014 60.1% 2013 7.2% Fund Manager information for Aditya Birla Sun Life Equity Advantage Fund
Name Since Tenure Atul Penkar 17 Feb 23 0.53 Yr. Dhaval Joshi 21 Nov 22 0.78 Yr. Data below for Aditya Birla Sun Life Equity Advantage Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 27.54% Consumer Cyclical 25.29% Industrials 15.92% Basic Materials 9.32% Technology 8.22% Energy 3.67% Health Care 3.25% Communication Services 2.62% Consumer Defensive 2.02% Real Estate 1.03% Asset Allocation
Asset Class Value Cash 1.12% Equity 98.88% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | ICICIBANK6% ₹312 Cr 3,252,048 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹211 Cr 1,340,489 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 17 | RELIANCE4% ₹192 Cr 799,120 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹174 Cr 3,100,462 Infosys Ltd (Technology)
Equity, Since 31 Jul 20 | INFY3% ₹162 Cr 1,129,725 Coforge Ltd (Technology)
Equity, Since 31 Jul 21 | COFORGE2% ₹117 Cr 214,404 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Oct 22 | 5004932% ₹112 Cr 1,044,855 Polycab India Ltd (Industrials)
Equity, Since 31 May 21 | POLYCAB2% ₹107 Cr 208,009
↓ -31,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000342% ₹105 Cr 146,532 Go Fashion (India) Ltd (Consumer Cyclical)
Equity, Since 30 Nov 22 | 5434012% ₹94 Cr 698,965 4. Aditya Birla Sun Life Tax Relief '96
CAGR/Annualized
return of 10.1% since its launch. Ranked 4 in ELSS
category. Return for 2022 was -1.4% , 2021 was 12.7% and 2020 was 15.2% . Aditya Birla Sun Life Tax Relief '96
Growth Launch Date 6 Mar 08 NAV (22 Aug 23) ₹44.22 ↑ 0.03 (0.07 %) Net Assets (Cr) ₹14,253 on 31 Jul 23 Category Equity - ELSS AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.75 Sharpe Ratio 0.42 Information Ratio -2.54 Alpha Ratio -4.91 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹9,860 30 Sep 20 ₹10,289 30 Sep 21 ₹13,870 30 Sep 22 ₹12,968 30 Sep 23 ₹14,666 Returns for Aditya Birla Sun Life Tax Relief '96
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 0.2% 3 Month 9% 6 Month 12.7% 1 Year 8.2% 3 Year 11.7% 5 Year 6.2% 10 Year 15 Year Since launch 10.1% Historical performance (Yearly) on absolute basis
Year Returns 2022 -1.4% 2021 12.7% 2020 15.2% 2019 4.3% 2018 -4.5% 2017 43.2% 2016 3.4% 2015 9.2% 2014 54.6% 2013 9.1% Fund Manager information for Aditya Birla Sun Life Tax Relief '96
Name Since Tenure Atul Penkar 31 Dec 21 1.67 Yr. Dhaval Gala 1 Apr 22 1.42 Yr. Dhaval Joshi 21 Nov 22 0.78 Yr. Data below for Aditya Birla Sun Life Tax Relief '96 as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 31.33% Consumer Cyclical 14.56% Industrials 11.91% Health Care 8.87% Technology 7.71% Basic Materials 6.41% Consumer Defensive 5.46% Energy 4.9% Communication Services 2% Real Estate 0.95% Utility 0.76% Asset Allocation
Asset Class Value Cash 2.31% Equity 97.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK8% ₹1,147 Cr 7,296,704
↓ -950,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹1,144 Cr 11,929,740 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT5% ₹737 Cr 2,727,107 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE5% ₹688 Cr 2,860,213 Infosys Ltd (Technology)
Equity, Since 30 Jun 08 | INFY5% ₹660 Cr 4,595,392 Honeywell Automation India Ltd Shs Dematerialised (Industrials)
Equity, Since 30 Jun 08 | HONAUT4% ₹615 Cr 155,085
↓ -7,531 State Bank of India (Financial Services)
Equity, Since 31 Jan 22 | SBIN3% ₹476 Cr 8,478,465
↑ 50,000 Shoppers Stop Ltd (Consumer Cyclical)
Equity, Since 31 Oct 10 | 5326383% ₹389 Cr 5,341,050
↓ -6,601 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Jan 20 | 5328433% ₹367 Cr 11,057,579
↓ -1,000,000 Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE2% ₹318 Cr 570,837
After SEBI's (Securities and Exchange Board of India) circulation on re-categorisation and rationalisation of open-ended mutual funds, many Mutual Fund Houses are incorporating changes in their scheme names and categories. SEBI introduced new and broad categories in Mutual Funds in order to bring uniformity in similar schemes launched by the different Mutual Funds. This is to aim and ensure that investors can find it easier to compare the products and evaluate the different options available before investing in a scheme.
Here is a list of Aditya Birla's schemes that got new names:
Existing Scheme Name | New Scheme Name |
---|---|
Aditya Birla Sun Life Enhanced Arbitrage Fund | Aditya Birla Sun Life Arbitrage Fund |
Aditya Birla Sun Life MIP II - Wealth 25 Plan | Aditya Birla Sun Life Regular Savings Fund |
Aditya Birla Sun Life Small & Midcap Fund | Aditya Birla Sun Life small cap Fund |
Aditya Birla Sun Life Top 100 Fund | Aditya Birla Sun Life Focused Equity Fund |
Aditya Birla Sun Life Advantage Fund | Aditya Birla Sun Life Equity Advantage Fund |
Aditya Birla Sun Life Balanced '95 Fund | Aditya Birla Sun Life Equity Hybrid '95 Fund |
Aditya Birla Sun Life Cash Manager | Aditya Birla Sun Life Low Duration Fund |
Aditya Birla Sun Life Corporate bond Fund | Aditya Birla Sun Life Credit Risk Fund |
Aditya Birla Sun Life Dividend Yield Plus | Aditya Birla Sun Life Dividend Yield Fund |
Aditya Birla Sun Life Floating Rate Fund - Short Term | Aditya Birla Sun Life Money Manager Fund |
Aditya Birla Sun Life Gilt Plus Fund - PF Plan | Aditya Birla Sun Life Government Securities Fund |
Aditya Birla Sun Life Income Plus | Aditya Birla Sun Life Income Fund |
Aditya Birla Sun Life New Millennium Fund | Aditya Birla Sun Life Digital India Fund |
Aditya Birla Sun Life Short Term Fund | Aditya Birla Sun Life Corporate Bond Fund |
Aditya Birla Sun Life Treasury Optimizer Fund | Aditya Birla Sun Life Banking & PSU Debt fund |
*Note-The list will be updated as and when we get an insight about the changes in the scheme names.
A Systematic Investment Plan (SIP) is one of the best methods through which one can invest in Mutual Funds and can create wealth over a regular period of time, i.e.—monthly, quarterly or annually. In Birla Sun Life SIP Mutual Fund, investors can start investing with as little as INR 1000. SIPs help in inculcating financial discipline and can also help in averaging out your cost of investment and hence reducing your risk.
mutual fund calculator, famously know as a sip calculator, is one of the best tools for effective financial planning. It helps to determine the expected return on the SIP investment. Whether one wants to buy a house, car, any asset, plan for retirement, a child’s higher education or any other financial goal, the SIP calculator can be a great tool to calculate the amount of investment and time period of investing required to reach each of these goals. All you need to do is give some basic inputs like-
And hence, the result would be stating the maturity amount along with gains that would be achieved after the specified tenure.
Know Your Monthly SIP Amount
Birla Sun Life Mutual Fund NAV can be found on the AMFI website. The latest NAV can also be found on the asset management company's website. You can also check for the historical NAV of the Birla Sun Life Mutual Fund on the AMFI website.
Open Free Investment Account for Lifetime at Fincash.com.
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You can generate your ABSL Mutual Fund statement online on its website. All you need to do is provide your portfolio number.
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Aditya Birla Financial Services Private Limited. Sun Life (India) AMC Investments Inc.
Great Article Covers all important aspects and good presentation.