Aditya Birla Sun Life Money Manager Fund Direct Plan Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
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|Fund Type||Money Market|
More about this fund
|8.79% Govt Stock 2021||16.3%|
|364 DTB 29042021||2.15%|
|7.80% Govt Stock 2021||0.71%|
|8.13% Oil Mkt Comp GOI Sb 2021||0.31%|
About Aditya Birla Sun Life Money Manager Fund - Direct Plan - Growth
The main intention of this fund is to create a regular stream of income by predominantly investing in the fixed-income securities in the debt and money markets. Therefore, the risk possessed by this fund is on the lower side.
Pros and Cons of Aditya Birla Sun Life Money Manager Fund - Direct Plan - Growth
Investing in this fund is suitable for risk-averse investors since the risk level of this fund is on the lower side. You get exposure to a portfolio which is formed by various fixed income securities across debt and money markets. On the flip side, the returns can be curtailed since the fund is exposed to minimal risk.
Fund Information and Statistics
i) Inception/Launch Date
Aditya Birla Sun Life Money Manager Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
Aditya Birla Sun Life Money Manager Fund - Direct Plan - Growth is categorised under ‘low risk’ class of mutual funds.
Since Aditya Birla Sun Life Money Manager Fund - Direct Plan - Growth is open-ended, you can pull out your investment at any time.
iv) Fund Manager
Mr Kaustubh Gupta and Mr Mohit Sharma are the current fund managers of Aditya Birla Sun Life Money Manager Fund - Direct Plan - Growth.
v) Entry/Exit Load
There is no entry load as per the regulations of the Indian market supremo. This fund does not have an exit load as well.
About Aditya Birla Sun Life India Mutual Fund
Aditya Birla Sun Life Mutual Fund was formed due to a joint venture agreement between Sun Life India (AMC) and Aditya Birla Capital Limited in the year 1994. They also happen to be the sponsors with whom the fund house registered with the Securities and Exchange Board of India (SEBI). It had assets worth Rs 2.14 lakh crore as of June 2020, making it a leading asset management company in the country.
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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