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Aditya Birla Sunlife Mutual Fund

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Aditya Birla Sun Life Mutual Fund (formerly known as Birla Sun Life Mutual Fund), is a joint venture between the Aditya Birla Group and the Sun Life Financial Inc. of Canada. It offers a variety of mutual fund products to suit investors’ needs across risk categories.

This article covers the following:

  1. What are Aditya Birla Sunlife Mutual Funds (ABSLMF)?
  2. How to Invest in ABSLMF?
  3. Process and documents required to invest in ABSLMF via ClearTax
  4. Top 5 Funds: ABSLMF
  5. ABSLMF: Equity
  6. ABSLMF : Tax Saving Funds
  7. ABSLMF : Debt Funds
  8. ABSLMF : Hybrid Funds
  9. About ABSLMF
  10. Top ABSLMF Fund Managers
  11. Best Aditya Birla Sun Life Mutual Fund Schemes

 

1. What are Aditya Birla Sunlife Mutual Funds (ABSLMF)?

Aditya Birla Sun Life Mutual Fund was established in 1994 as a joint venture between Aditya Birla Group and Sun Life Financial Inc. of Canada. The fund house deals in 4 main fund classes, namely, Equity Funds, Debt Funds, Income Funds and ELSS Funds. It has completed more than 20 years in its journey to offer wealth creation solutions to its customers.

2. How to Invest in ABSLMF?

Whether you are a seasoned investor or a novice in this area, investing in ABSLMF is made very simple with ClearTax. You can visit ClearTax to pick from a diverse list of handpicked funds that are designed keeping in mind the risk profile and investment objective of investors. You can be assured of a hassle-free quick process of selecting any product from your favorite fund house – ABSLMF, with Cleartax. This requires just one KYC formality that will take not more than 7 minutes of your time.ClearTax makes simple investing for you.

The process is very simple on ClearTax.

Step 1: Select the fund(s) and the amount you want to invest every month

Step 2: Provide your details

Step 3: Make payment and you are done

3. Process and documents required to invest in ABSLMF via ClearTax

Money laundering and corruption can cripple the economy and the stability of our country. Here, Know Your Customer (KYC) and In-Person Verification (IPV) can help a financial institution significantly. However, ClearTax doesn’t believe in inconveniencing their investors. So they have enabled a way to do KYC in a quick and simple way. What’s more, if investing via ClearTax Save, the investor needs to do it only once for their first investment.

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 your future investments.

KYC verification through ClearTax is a very simple process. You can verify by:

i. Using OTP sent to your Aadhaar-registered mobile number OR

 

ii. By uploading photos/scans of the required documents

ID Proofs: You can submit Xerox copy of PAN Card, Passport, Aadhaar Card, Voter ID or Driving License. Other central government approved documents like NREGA job card are also accepted.

Residential proofs: You can submit the same ID proof (except PAN) if the address on it is your current residential address. Rental/lease agreement, most utility bill, and ration card can also serve the purpose. If your permanent address and correspondence address is not the same, then submit proof for both.

4. Top 5 Funds: ABSLMF

 

Top 5 ABSLMF 1yr Return 3yr Return 5yr Return 10yr Return
Aditya Birla Sun Life Advantage Fund 8.60 11.28 21.81 11.50
Aditya Birla Sun Life Equity Fund 9.89 12.87 21.55 11.93
Aditya Birla Sun Life Floating Rate Fund 6.87 7.38 8.13 7.98
Aditya Birla Sun Life Focused Equity Fund 7.49 8.73 16.90 12.01
Aditya Birla Sun Life Frontline Equity Fund 8.41 9.08 16.35 12.62

 

5. ABSLMF: Equity

ABSLMF Equity Funds are medium to high risk funds invested in stocks and equities that offer investors dynamic returns on their investments. The schemes are designed for long term capital appreciation and are curated to meet investment needs based on individual risk appetite.

EQUITY

 

Scheme Name Risk 5 year return (%) Fund Objective
Aditya Birla Sun Life Frontline Equity Fund Moderately high 16.35 The scheme aims at achieving long term growth of capital by maintaining a portfolio which is diversified across various industries in line with the benchmark index Nifty 50. The fund manager allocates 100% of fund’s assets in equity and equity related securities
Aditya Birla Sun Life Equity Hybrid ’95 Fund Moderately high 16.34 The scheme attempts to generate capital appreciation in the long term and current income by investing in equity, fixed-income and money market securities. The fund is involved in income generation and distribution of dividend. Investors who are eager to take exposure in equity with a hint of debt may consider investing in this.
Aditya Birla Sun Life Equity Fund Moderately high 21.55 It is an open-ended scheme which maintains a portfolio of diversified equity shares which invests across the large cap, mid cap, small cap stocks. The scheme aims to achieve capital appreciation in the long term allocates 90% of the fund’s assets in equity and equity-related securities and rest in money market securities.
Aditya Birla Sun Life Advantage Fund Moderately high 21.81 Being an open-ended growth scheme, it generates capital appreciation in the long run by investments in equity and equity related securities and maintaining a diversified research-based approach. The basis of earning returns is leveraging on the dynamic business cycles via fundamental research approach.
Aditya Birla Sun Life Focused Equity Fund Moderately high 16.90 Being an open-ended fund, the scheme aims to achieve capital appreciation in the long term by investing in large-cap equity shares of up to 30 companies. The scheme is suitable for investors who want to invest in equity and equity-related securities in the form of a concentrated portfolio.

Aditya Birla Sun Life Mutual Fund

6. ABSLMF : Tax Saving Funds

The ABSLMF Tax Saving Funds are also known as Equity Linked Saving Schemes that help investors save taxes under Section 88 of the Income Tax Act.

Scheme Name Risk 5 year return (%) Fund Objective
Aditya Birla Sun Life Tax Relief 96 Moderately high 21.89 It is an open-ended ELSS Scheme which has a lock-in period of 3 years which makes you eligible to avail a tax benefit under section 80C of the Income Tax Act. The scheme aims to achieve the objective to save tax and enable capital appreciation through investment in equity and equity-related securities.

 

7. ABSLMF : Debt Funds

The ABSLMF Debt Funds are designed to function as tax-saving instruments that offer investors medium returns with much more safety and reliability in comparison to equity funds.

Scheme Name Risk 5 year return (%) Fund Objective
Aditya Birla Sun Life Treasury Optimizer Fund Moderate 9.14 It is an open ended scheme which aims to invest in a mix of high quality corporate bonds and G Secs issued by Banks, Public Sector Undertakings and Public Financial Institutions in India to generate reasonable returns and liquidity over the short run. By maintaining a diversified portfolio, the fund manager aims at keeping the portfolio risk at reasonably low levels.
Aditya Birla Sun Life Medium Term Plan Moderate 9.12 It is an Open ended debt scheme which invests in a mix of debt and money market instruments in order to generate regular income. The income thus generated is distributed among the unitholders by means of regular dividend payments over the medium term.
Aditya Birla Sun Life Savings Fund

 

Moderately Low 8.62 It is an open-ended debt scheme which invests in debt and money market instruments to provide reasonable returns and investment liquidity during the short run. The fund manager follows a conservative strategy which emphasises on higher post-tax returns along with liquidity as one of its key drivers.
Aditya Birla Sun Life Short Term Opportunities Fund

 

Moderate 8.55 It is an open-ended debt scheme which invests in a mix of debt and money market instruments to generate income with capital growth during the short run. The fund manager focuses on delivering higher returns by identifying and selectively investing in mispriced credit opportunities in the market. The fund generates income by way of interest accrued on higher yielding investment grade bonds.
Aditya Birla Sun Life Floating Rate Fund – Long Term Plan

 

Moderately Low 8.55 It is an open-ended debt scheme which invests in in different types of floating rate debt and money market instruments to generate income with capital appreciation during the short run. Those who need to leverage from rising interest rates over medium to longer term may go for this. The fund manager may allocate some part of fund’s assets in fixed rate debt securities too.

 

8. ABSLMF : Hybrid Funds

The ABSLMF Hybrid Funds are aimed at delivering risk adjusted returns by means of investing in a combination of fixed income instruments and equities. It optimizes the advantage of pairing the growth potential of equities with the relative stability that is offered by income investments.

Scheme Name Risk 5 year return (%) Fund Objective
Aditya Birla Sun Life Gold Fund

 

Moderately high 2.06 It is an open-ended fund of funds scheme which invests exclusively the units of Aditya Birla Sun Life Gold ETF which in turn, invests in physical gold of 99.5% purity (fineness). Those investors who are comfortable with bearing moderately high risk may go for this.

 

9. About ABSLMF

Established in 1994, Aditya Birla Sun Life Mutual Fund (formerly known as Birla Sun Life Mutual Fund), is a joint venture between the Aditya Birla Group and the Sun Life Financial Inc. of Canada. The joint venture blends the experience of Aditya Birla Group in the Indian market and the global experience of Sun Life.

ABSLMF is co-sponsored by Sun Life (India) AMC Investments Inc and Aditya Birla Capital Limited (ABCL). It has a far reaching network of 150 branches and other distribution channels in India. ABSLMF endeavours towards increasing the reach and depth of mutual funds in the country. It is relentlessly functioning to make mutual funds a viable proposition across a wider set of investors and advisors across India.

Among its various efforts includes user-friendly services, smart solutions and conveniences which makes mutual fund processes simple for both investors as well as distribution partners. ABSLMF provides variety of schemes like debt and treasury products, sector specific equity schemes, hybrid and monthly income funds, fund of fund schemes and offshore funds.

Aditya Birla Capital Limited (ABCL) is the holding company of all the financial services businesses of the Aditya Birla Group. It is committed to serving the end-to-end financial services needs of its retail and corporate customers across the life insurance, private equity, asset management, structured finance, project finance, corporate lending, general insurance broking, equity, currency, wealth management, and commodity broking, housing finance, pension fund management, online personal finance management, and health insurance business.

10. Top ABSLMF Fund Managers

ABSLMF has a solid mix of expertise and experience in their fund managers who have the acumen to identify opportunities and the dexterity to maneuver portfolios to achieve optimal returns.

Satyabrata Mohanty

Mr. Mohanty has more than 12 years of experience across Fund Management (Equity & Debt), Trading and Credit Research functions. Before becoming part of ABSLMF, he was associated with Aditya Birla Management Corporation Ltd & joined ABG as a management Trainee.

Dhaval Gala

Mr. Gala has done PGDBM (Finance) from N.L.Dalmia Institute of Management Studies & Research. Before joining ABSLMF, he has worked with B&K Securities and J.P.Morgan Chase India Private Ltd. Currently he is handling Aditya Birla Sun Life Banking & Financial Services Fund.

Mahesh Patil

Mr. Patil is B.E (Electrical), MMS in Finance and Chartered Financial Accountant from ICFAI Hyderabad. Before joining ABSLMF, he was associated with Reliance Infocom Ltd., Motilal Oswal Securities and Parag Parikh Financial Advisory Services Ltd.

Mohit Sharma

Mr. Sharma holds a B.Tech degree from IIT-Madras and PGDCM from IIM Calcutta. With over 10 years of experience, he joined ABSLMF in October 2015. Previously he ran his own healthcare-tech venture and has also worked as an Interest Rates Trader in Standard Chartered Bank.

Pranay Sinha

Mr. Sinha holds a degree in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta. Before joining ABSLMF, he has worked with BNP Paribas Bank, Morgan Stanley Investment Management Pvt. Ltd. and ICICI Prudential Asset Management Co. Ltd.

11. Best Aditya Birla Sun Life Mutual Fund Schemes

Aditya BSL Tax