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Aditya Birla Sun Life Savings Fund Direct Plan Growth

3 yr CAGR
+6.92%
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Direct

Growth

Fund overview

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Net Asset Value

439.22
aum

AUM (Fund size)

16,984.87 Crore
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Lock-in period

No Lock-in
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Exit Load

0% in 0 days
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Expense ratio

0.34%
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Risk

Moderate

Top holdings

HoldingsWeightage
Clearing Corporation Of India Limited9.07%
Reliance Industries Limited5.29%
8.83% Govt Stock 20233.71%
IndusInd Bank Limited2.93%
Reliance Industries Limited2.86%
Reverse Repo2.8%
Tata Steel Limited2.33%
REC Limited1.97%
LIC Housing Finance Limited1.82%
IDFC First Bank Limited1.76%

Calculate returns

Monthly (SIP)
One-Time
yrs
₹4,000 invested monthly becomes 0 in a period of 20 years

About Aditya Birla Sun Life AMC Ltd

Presently it is known as Aditya Birla Sun Life (ABSL) Asset Management Company Ltd. It is a joint venture between the Aditya Birla Group in India and Sun Life Financial Inc of Canada. It was set up as a joint venture in 1994.

Managers

Sunaina Cunha, Kaustubh Gupta, Monika Gandhi

Custodians

Citibank NA

Address

Aditya Birla Sun Life AMC Ltd One India Bulls Centre ,Tower 1, 17th Flr,

Fax Nos.

+91 22 43568110/ 8111

Telephone Nos.

+91 22 43568000

Homepage

www.adityabirlacapital.com

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About Aditya Birla Sun Life Savings Fund

This mutual fund scheme has an objective of generating regular returns by creating a portfolio of securities from debt and money markets. This fund also invests in cash equivalents to facilitate liquidity.

Pros and Cons of Aditya Birla Sun Life Savings Fund

The major advantage of investing in this fund is that you get exposure to a diversified portfolio consisting of securities across debt and money markets. This fund is known to offer much higher returns than a regular savings bank account. On the other hand, the returns can be curtailed as the exposure towards equities is minimal.

Fund Information and Statistics

i) Inception/Launch Date

Aditya Birla Sun Life Savings Fund was launched on 1 January 2013.

ii) Risk Level

Aditya Birla Sun Life Savings Fund is categorised under the ‘moderately low risk’ class of mutual funds by Aditya Birla Sun Life Mutual Fund.

iii) Redemption

Since Aditya Birla Sun Life Savings Fund is an open-ended mutual fund, you can redeem your investments at any time. However, you have to be mindful of the applicable tax on capital gains before deciding to redeem your holdings.

iv) Fund Manager

Mr Sunaina da Cunha and Mr Kaustubh Gupta are the current fund managers of Aditya Birla Sun Life Savings Fund.

v) Entry/Exit Load

There is no entry load as per the regulations of the securities markets regulator. There is no exit load on this fund so as to facilitate instant withdrawal.

About Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Mutual Fund is being sponsored by Sun Life (India) AMC Investments Inc and Aditya Birla Capital Limited. Aditya Birla Sun Life Trustee Private Limited is its trustee. The fund house’s total assets under management (AUM) amounted to Rs 2.14 lakh crore as of June 2020. This fund houses started offering mutual funds from 23 December 1994.

Start your investment
Monthly (SIP)
One-Time
Amount
Estimated value after 3 years

(as per historical returns)

2 Lakhs
Min investmentment of ₹1000 required
risk

3 easy steps to complete your investment

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Frequently Asked Questions

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.

Who should invest in a debt fund?

Debt funds are ideal for investors who want regular income, but are risk-averse. Debt funds are less volatile and, hence, are less risky than equity funds.

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.You can get your money out of liquid funds any time without any penalty or cost.

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. Lock-in period is calculated from the date of investment. Meaning SIPs will have different lock-in dates

Is KYC necessary for BLACK?

KYC is necessary for all fund houses. If you are investing through BLACK, you need to do your KYC just once. The same KYC will be used for all further investments.

What is a Mandate (Auto-SIP)?

A Mandate is a one-time registration through which you instruct your bank account to deduct a specified amount of money from your account daily towards investing into a SIP portfolio. Once you register for Mandate, you don’t have to follow the payment process every time you invest in the SIP.