Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Low to Moderate Risk|
|Fund Type||Floating Rate|
More about this fund
|Axis Bank Limited||3.49%|
|National Bank For Agriculture And Rural Development||3.12%|
|8.79% Govt Stock 2021||2.88%|
|8.21% HR SDL Spl 2023||2.82%|
|Reliance Ports and Terminals Limited||2.75%|
|Net Receivables / (Payables)||2.23%|
|Clearing Corporation Of India Limited||2%|
|Indian Oil Corporation Limited||1.97%|
|Aditya Birla Finance Limited||1.76%|
|Aditya Birla Housing Finance Limited||1.76%|
About Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth
The main intention of the scheme is to generate a regular income by constituting a portfolio mostly consisting of fixed-income securities that offer floating interest rate. Only a certain portion of the portfolio is allocated towards fixed-rate debt or money market instruments.
Pros and Cons of Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth
The primary benefit of investing in this scheme is that you get exposure to a portfolio consisting of several fixed-income securities across both debt and money markets that offer floating and fixed-interest. On the flip side, the returns offered by this scheme can be restricted as the fund has minimal exposure towards equity
Fund Information and Statistics
i) Inception/Launch Date
Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth has been categorised under ‘moderately low risk’ class of mutual fund schemes.
Since Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth is an open-ended mutual fund scheme, you can sell your fund units at any time.
iv) Fund Manager
Mr Pranay Sinha and Mr Kaustubh Gupta are the current fund manager of Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth.
v) Entry/Exit load
There is no entry load as per the norms set by the Indian market watchdog. Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth comes with no exit load as well.
About Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund was incorporated back in the year 1994 due to a joint venture between Sun Life Financial Inc, a Canadian based firm, and Aditya Birla Group. They also happen to be the sponsors of the fund house. Aditya Birla Sun Life Trustee Company Private Limited is its trustee company. As of June 2020. The assets under management of the fund house touched Rs 2,38,673.83 crore.
" Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "IT Developer, Bangalore
" I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "Software Engineer, Indore
" Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "Campus Manager, Bangalore
Invest Now in 3 Easy Steps
Why ClearTax Invest?
- Our experts do all the research and offer only the BEST mutual funds
- Trusted by Over 25 Lakh Indians
- Invest in just 5 minutes
- No paperwork required
- Simple and easy to use
Frequently Asked Questions
- Read More
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