Aditya Birla Sun Life Financial Planning FOF Moderate Plan Growth
Top holdings
| Holdings | Weightage |
|---|---|
| ICICI Pru Savings Dir Gr | 10.82% |
| HDFC Corporate Bond Dir Gr | 9.06% |
| IDFC Banking & PSU Debt Dir Gr | 9.02% |
| Aditya BSL Gold ETF | 8.77% |
| SBI Flexicap Dir Gr | 8.29% |
| HDFC Low Duration Dir Gr | 8.07% |
| Aditya BSL Short Term Dir Gr | 8% |
| Aditya BSL Flexi Cap Dir Gr | 7.81% |
| Kotak Flexicap Dir Gr | 6.8% |
| Tata Large & Mid Cap Dir Gr | 5.67% |
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About Aditya BSL Financial Planning Fund of Funds - Prudent
The Aditya BSL Financial Planning Fund of Funds - Prudent is an open-ended fund of funds scheme. It seeks to provide long-term capital appreciation by investing predominantly in a combination of equity funds, liquid funds, money market funds, and debt funds accessed through the different investment styles of the underlying scheme. The Aditya BSL Financial Planning Fund is also available in an aggressive and conservative plan apart from the Prudent plan.
Pros & Cons of Aditya BSL Financial Planning Fund of Funds - Prudent
- The asset allocation of the Prudent plan is around 40% in equity funds, 30% in liquid and/or money market funds, 20% in other debt funds, and 10% in Gold Exchange Traded Funds.
- As on September 30, 2018, the scheme is not ranked under CRISIL’s Fund of Funds category.
- Further, it has generated returns of 10.29% per year over the last 5 years (as on January 18, 2019).
Fund Information and Statistics of Aditya BSL Financial Planning Fund of Funds - Prudent
i) Inception / Launch Date
The scheme was launched on 09 May 2011 by Aditya Birla Sun Life Mutual Fund.
ii) Risk Level
According to the investment objective and asset allocation of the scheme, it has a Moderately High risk-level associated with it.
iii) Redemption
The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
iv) Fund Manager(s)
Mr. Shravan Sreenivasula is the Fund Manager of the Aditya BSL Financial Planning Fund of Funds - Prudent since December 15, 2014.
v) Entry / Exit Load
There is no entry load in this scheme. The exit load structure is as follows:
- If any units are redeemed after the completion of 365 days from the date of allotment of the said units, then the exit load = Nil
- If the units are redeemed within 365 days from the date of allotment of the said units, then the exit load = 1% of the applicable NAV
Tax benefits of investing in Aditya BSL Financial Planning Fund of Funds - Prudent
The following taxes are applicable to income arising from investing in this scheme:
- Short-term capital gains are taxed at 15%
- Long-term capital gains in excess of Rs. 1 lakh are taxed at 10% without indexation benefits.
About Aditya Birla Sun Life Mutual Fund
The Aditya Birla Sun Life Mutual Fund or ABSLMF was established in 1994 through a joint venture between the Aditya Birla Group and Sun Life Financial Inc. from Canada. It is one of the leading fund houses in India today and offers a wide range of investment products for different financial goals and risk preferences of investors.
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Frequently Asked Questions
What are equity funds?
Equity funds are schemes which concentrate their investments in shares of companies of different market capitalization
What is recommended investment duration?
It is the suggested period for which one should invest in a mutual fund. It does not mean that the money will be locked-in for that period. While the investor can withdraw the money anytime before, it is advisable to stay invested for the suggested period to reap the best benefits (returns).
What are large cap, mid cap, small cap and multi cap equity funds?
SEBI ranks all listed companies based on the overall market capitalization (total value of outstanding shares). Equity funds are schemes which concentrate their investments in shares of companies of different market capitalization. Large-cap funds invest in top 100 companies Mid-cap funds invest in companies ranking from 101 to 250 Small-cap funds invest in companies ranking from 251st onwards Multi-cap funds invest in small cap, mid cap and large cap companies
What are liquid funds?
Liquid funds is a type of mutual funds which have a very short maturity period, not more than 91 days. The shorter maturity period, makes it almost a risk-free investment. Investing in mutual funds will give you higher returns as compared to a savings account which generally offer interests below 4%. At the same time, you can get your money out of liquid funds any time without any penalty or cost.
What are ELSS funds?
ELSS funds are tax saving mutual funds, in which majority of the funds are invested in equity schemes. ELSS has a lock-in period of 3 years. ELSS has benefits over other conventional tax saving instruments like FDs, NPS, etc. It has the lowest lock in period and the returns are higher than the other tax-saving schemes.
What are Balanced/ Hybrid funds?
Hybrid funds are mutual funds in which the fund manager allocates your money in both equity and debt in a certain ratio. The ratio is decided when the fund is announced and it remains constant throughout.
What are annualized returns?
The return for a period more than 1 year is annualized. For instance, a 3-Year Return (annualized) of 18% means the fund gave 18% return each year, on an average, for the last 3 years. An initial investment of Rs 1000 would have grow into: Rs 1000*1.18*1.18*1.18 = Rs 1643 in 3 years.
What is a lock-in period?
It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options.
Should I choose Monthly SIP or One time investment?
An SIP allows you to invest a fixed sum regularly in mutual fund(s) of your choice. A one-time investment is when you invest on-time in bulk in mutual fund(s). SIP comes with few advantages: It allows you to invest small amount every month without the stress of paying in bulk. Investing all through the year averages the cost of investing - you don?t end up paying too much per unit of mutual fund. Gives you financial discipline
Is KYC necessary for ClearTax?
KYC is necessary for all fund houses. If you are investing through ClearTax, you need to do your KYC just once. The same KYC will be used for all further investments.
How to do KYC on ClearTax?
KYC verification through ClearTax is a very simple process. You can verify by: Using OTP sent to your Aadhaar-registered mobile number OR By uploading photos/scans of the required documents
Will the NAV be alloted on the same day as the date of payment?
Once the payment is successful and the KYC is complete, the NAV allocation is expected to be done by the next working day of the date of payment. In case of bank and trading market holidays, delay in allocation is expected from the Fund Houses
How much time will it take to get the folio number after the payment?
It takes 2-3 working days to get the folio number once we receive the payment and transaction is processed to the respective Fund House.
What are short terms funds?
Short term funds are mainly those funds which invest in instruments with short maturities, ranging from 1-3 years. These are ideal for conservative investors as they are not majorly affected by interest rate movement.
What are debt-funds?
Debt funds is an investment vehicle that mainly invest in fixed income securities like corporate bonds, treasury bills, government securities and other money market instruments.
What are Bluechip funds?
Bluechip funds are those funds that invest in stocks of well established companies which have proved to perform financially well over a long period of time.
