Aditya Birla Sun Life Banking & PSU Debt Fund Growth Regular Plan
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- Fund Summary
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|Risk||Moderately Low risk|
|Fund Type||Banking & PSU|
More about this fund
|National Bank For Agriculture and Rural Development||2.74%|
|8.24% Govt Stock 2027||2.42%|
|National Bank For Agriculture and Rural Development||1.79%|
|Housing and Urban Development Corporation Limited||1.73%|
|Power Finance Corporation Limited||1.69%|
|Housing and Urban Development Corporation Limited (Hudco)||1.63%|
|State Bank of India||1.56%|
|6.19% Govt Stock 2034||1.54%|
|8.15% Govt Stock 2026||1.48%|
|National Bank For Agriculture and Rural Development||1.48%|
About Aditya BSL Banking & PSU Debt Fund
The Aditya BSL Banking & PSU Debt Fund is an open-ended debt scheme. It seeks to generate reasonable returns and liquidity over the short-term by investing in debt and money market instruments issued by Banks, Public Sector Undertakings (PSUs), and Public Financial Institutions (PFIs) in India. It was earlier known as Aditya Birla Sun Life Treasury Optimizer Plan and was renamed as Aditya BSL Banking & PSU Debt Fund with effect from 04 June 2018.
Pros & Cons of Aditya BSL Banking & PSU Debt Fund
- The scheme invests prudently in sectors and issues of debt securities which provide superior yields at lower risk levels.
- Further, the scheme invests in instruments offering floating interest rates to reduce the interest rate risk of the portfolio.
- As on September 30, 2018, the scheme is not ranked under CRISIL’s Banking and PSU Fund category. Further, it has generated returns of 8.53% per year over the last 10 years (as on January 18, 2019).
Fund Information and Statistics of Aditya BSL Banking & PSU Debt Fund
Inception / Launch Date
The scheme was launched on 19 April 2002 by Aditya Birla Sun Life Mutual Fund.
According to the investment objective and asset allocation of the scheme, it has a Moderate risk level associated with it.
The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
The Fund Managers of the Aditya BSL Banking & PSU Debt Fund are :- 1. Mr. Kaustubh Gupta (since September 29, 2009) 2. Mr. Maneesh Dangi (since April 01, 2017)
Entry / Exit Load
There is no entry load or exit load in this scheme.
Tax benefits of investing in Aditya BSL Banking & PSU Debt Fund
The following taxes are applicable to income arising from investing in this scheme:
- STCG is added to the investor’s income and taxed as per the income-tax slab.
- LTCG component is taxed at 20% with indexation benefits.
About Aditya Birla Sun Life Mutual Fund
Aditya Birla Group (India) and Sun Life Financial Inc. (Canada) entered into a joint venture in 1994 and established the Aditya Birla Sun Life Mutual Fund (ABSLMF). With over Rs. 2,500 billion domestic assets under management and more than 6.6 million investor folios, ABSLMF has evolved into one of India’s largest fund houses.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns