Aditya Birla Sun Life Equity Savings Fund Direct PlanGrowth

About Aditya Birla Sun Life Equity Savings Fund - Direct Plan - Growth

The main intention of this fund is to provide investors with returns in the form of long-term capital gains by investing across equity derivatives, arbitrage opportunities and other equity-linked securities.

Pros and Cons of Aditya Birla Sun Life Equity Savings Fund - Direct Plan - Growth

Investing in this fund is suitable for investors seeking to make profits in the form of capital appreciation over a period of three to four years. However, they must be ready to assume some risk as this fund is exposed to market risk. This fund strikes a balance between the risk and reward.

Fund Information and Statistics

i) Inception/Launch Date

Aditya Birla Sun Life Equity Savings Fund - Direct Plan - Growth was launched on 28 November 2014.

ii) Risk Level

Aditya Birla Sun Life Equity Savings Fund - Direct Plan - Growth is categorised under the ‘moderately high risk’ class of mutual funds. However, it carries a lower amount of risk as compared to that of a sectoral equity fund.

iii) Redemption

Since Aditya Birla Sun Life Equity Savings Fund - Direct Plan - Growth is an open-ended mutual fund scheme, you can redeem your investments at any time.

iv) Fund Manager

Mr Satyabrata Mohanty, Mr Lovelish Solanki, and Mr Pranay Sinha are the current fund managers of Aditya Birla Sun Life Equity Savings Fund - Direct Plan - Growth.

v) Entry/Exit Load

There is no entry load as per the norms of the SEBI. An exit load of 1% is applicable to the units in excess of 15% if redeemed within a period of 365 days from the date of allotment. After 365 days, no exit load applies.

About Aditya Birla Sun Life India Mutual Fund

Aditya Birla Sun Life Mutual Fund was constituted due to the association of Sun Life India (AMC) with Aditya Birla Capital Limited. The fund house entered the mutual fund fore when it registered with the Securities and Exchange Board of India (SEBI). It is now one of the leading asset management companies (AMCs) in the country, its assets under management (AUM) amassed to touched a massive Rs 2.14 lakh crore as of June 2020.