Mutual Funds of Birla Sun Life-Latest Schemes | SIP | Tax Benefits

Mutual funds of birla sun life

If you are thinking to invest in Mutual funds of birla sun life than you are in the right place. A detail guide on fund value of birla sun life mutual fund and through analysis provided in this article. So, read on to find if you should invest in it or not.

Aditya Birla Sun Life Mutual Funds (ABSLMF) is a joint venture between Aditya Birla Capital Limited, an Indian firm, and Sun Life AMC Investments, Inc., a Canadian financial services organisation.

It was originally known as Birla Sun Life Asset Management Company Limited and was headquartered in Mumbai.
It was founded in 1994 and has been a part of the Indian financial landscape for 25 years.

Aditya Birla Group and Sun Life Financial, Inc., the parent firms, are both large financial institutions with a long history of wealth creation and management. With a gross sales of more than $41 billion, the Aditya Birla Group is India’s third largest corporate group.

Sun Life, on the other hand, is one of the world’s largest life insurance companies, with investment management as one of its other specialties. On the Fortune 500, it is ranked 236th.

ABSLMF is currently one of India’s most prominent asset management firms. According to data issued by the Association of Mutual Funds of India on December 31, 2019, the total average assets under management (AUM) exceeded Rs. 2,423 crore.

Aditya Birla is a businessman and philanthropist. Sun Life Mutual Fund specialises in four types of mutual funds: i. equity funds, ii. income funds, iii. debt funds, and iv. ELSS funds.

ABSLMF’s major goal is to promote mutual fund penetration in India. In India, there are about 83.2 million mutual fund folios worth over Rs. 25.43 trillion as of May 2019. It has quadrupled in the last decade, and ABSLMF has played a key part in that growth.

ABSLMF alone administers roughly 6.8 million of the 83.2 million folios as of December 2018. They have a presence in 269 sites across India, including both metropolises and small communities. There are over 200,000 agents in their network, as well as 17,000 full-time employees.

ABSLMF is committed to making the mutual fund management process as simple and transparent as possible for both investors and channel partners. Sector-specific equity options, treasury and debt instruments, fund of fund schemes, and hybrid income funds are just a few of their financial products and services.

You can invest in Aditya Birla Sunlife Mutual Funds in a variety of ways. Aditya Birla Mutual Fund has a relatively basic and clear investment process. It shouldn’t take more than a few minutes if done correctly.

Most Commonly Asked Questions (FAQs)

Which Mutual Funds of Birla Sun Life is the best?

Fund value of birla sun life mutual fund lot of factors. Aditya Birla Sun Life Mutual Fund offers a variety of products, ranging from debt funds that provide a steady income with low risk to equity funds that participate in high-risk investments. There is no such thing as the best Aditya Birla Mutual Fund because the optimal plan is determined by the risk appetite and asset allocation of the client.

How can I verify the status of my Mutual Funds of Birla Sun Life?

The Mutual Fund apps makes it simple to keep track of your investments. In just a few clicks, you may receive the total worth of your portfolio by logging onto your Investment dashboard. When you invest with the any Mutual fund service provider, you will receive a statement to your registered email address.

What are my options for selling my Mutual Funds of Birla Sun Life?

You can sell or redeem your Aditya Birla Sun Life Mutual Fund online, through your registered App, or by filling out a form offline.

Without using a broker, how can I purchase Mutual Funds of Birla Sun Life?

Mutual Funds of Birla Sun Life can be purchased without the assistance of a broker. In just a few simple steps, an investor can download any reputed mutual fund service provider app and begin investing. Some of the best mutual fund investing app that seems to be very user-friendly apps are ETMONEY, GROWW, PAYTM MONEY Mutual Fund Apps. These providers will allow you to see the whole range of funds with critical analysis and then select the Mutual Funds of Birla Sun Life Online from the available possibilities. To be noted ETMONEY operates on a ‘No Commission’ basis, you will not be charged anything for the value-added advice you receive on the their site.

Is it a wise idea to put money into Mutual Funds of Birla Sun Life?

Sun Life Equity Fund is appropriate for risk-averse investors with a high risk tolerance, as well as those with a long-term investment aim with 7 years or more

How do I redeem my Birla Sunlife Mutual Fund Online?

Through your online mutual fund account access facility through Aditya Birla Capital Portal, Mutual Funds of Birla Sun Life or (ABSLMF) allows its investors to access their folio and transact online 24 hours a day, seven days a week, 365 days a year. Individual and non-individual investors can take advantage of this facility.

You can do the following things with your online account:

  • Make a new buy and a second purchase.
  • Mutual Fund units can be redeemed.
  • Transfer your money from one investment scheme to another.
  • Capital Gains Statement (PDF)
  • Become a member of the Systematic Investment Plan (SIP)
  • Become a member of the Systematic Transfer Plan (STP) and the Systematic Withdrawal Plan (SWP) (SWP)
  • View the specifics of your portfolio.
  • Account Statement (PDF)
  • Make sure your email and phone number are up to date.

How do I pay my Birla Sun Life premium? /or How to do payment of birla sun life premium?

Go to the Portal simply Validate the details, Confirm your selection next select the Payment option and acknowledge the payment. Bingo! that’s it.

Readers also interested in How to get Phonepe Loan

What is the Best Mutual Funds of Birla Sun Life /or Which is the best ABSL mutual fund?

ABSL Mutual Funds’ Top 5 Performers

Aditya Birla is a businessman and philanthropist. Sun Life Mutual Fund has taken use of Aditya Birla Group’s domestic market knowledge and understanding, as well as Sun Life’s global experience. The fund house’s constant success has established it as a dependable and credible name in the business. All types of investors (regardless of their risk appetite, investment horizon, or financial ambitions) can discover the ideal scheme for them among the 143 schemes available across several categories. Continue reading to learn more about the best-performing Aditya Birla Sun Life Mutual Funds in various fund categories.

Mutual Fund NameReturns in Percentage (3yrs)Returns in Percentage (5yrs)
Aditya Birla Sun Life Gold Fund23.67%
15.97%
Aditya Birla Sun Life Government Securities Fund12.56%
11.18%
Aditya Birla Sun Life Income Fund
10.99%
9.59%
Aditya Birla Sun Life Corporate Bond Fund
10.37%
9.41%
Aditya Birla Sun Life Banking & PSU Debt Fund
10.25%
9.45%

*as on June 22nd, 2020.

Aditya Birla Sun Life Equity Mutual Fund’s Top 5 Performers

Market capitalization (large-cap, large and midcap, midcap, small-cap, or multi-cap), theme or sector (MNC, GenNext, Digital India, Pharma and Healthcare, International, Banking and Financial Services, Commodities, or PSU), and investment strategy are all used to categorise Aditya Birla Sun Life Equity Mutual Funds (focussed, pure value, dividend yield or arbitrage). Aditya Birla Sun Life Mutual Fund offers 18 pure equity funds (excluding ELSS) with a total AUM of 55939 crores as of March 31, 2020.

These Axis Mutual Fund schemes are available in a variety of formats, including market capitalization (small, mid, and large cap), tax-saving funds, and index funds. As of March 31, 2020, the AUM of Axis Equity Mutual Funds (excluding ELSS) was 45,943 cores. The top-performing Aditya Birla Sun Life Mutual Funds in the equities category are listed below.

Mutual Fund NameReturns in Percentage (3yrs)Returns in Percentage (5yrs)
Aditya Birla Sun Life International Equity Plan A
12.16%
11.26%
Aditya Birla Sun Life Digital India Fund
7.15%
10.03%
Aditya Birla Sun Life India GenNext Fund
1.20%
6.97%
Aditya Birla Sun Life Tax Relief 96 Fund
0.65%
5.08%
Aditya Birla Sun Life MNC Fund
-0.37%
3.88%

*as on June 16th, 2020.

Aditya Birla Sun Life Debt Mutual Fund’s Top 5 Performers

Debt funds invest in a variety of debt products with varied maturities, such as Treasury bills, government securities, corporate Bonds, and other money market instruments. These are less riskier than equities funds since they are less volatile. Debt mutual funds aim to deliver consistent income while preserving capital. Aditya Birla is a businessman and philanthropist Sunlife Debt funds are further divided into subcategories that cater to investors’ diverse time horizons and liquidity preferences. A total of 12 debt funds with risk profiles ranging from low to moderate are available to investors.

The ABSL Debt Mutual Funds have had some of the finest returns in the market. The AUM of Liquid/Floater/Money Market Funds was Rs. 64148 crores as of March 31, 2020, while the AUM of other debt-oriented schemes was Rs. 93257 crores. Gilt Funds had a 246 crore fund size. The top-performing Aditya Birla Sun Life Debt Mutual Funds are listed below.

Mutual Fund NameReturns in Percentage (3yrs)Returns in Percentage (5yrs)
Aditya Birla Sun Life Government Securities Fund
12.56%
11.18%
Aditya Birla Sun Life Income Fund
10.99%
9.59%
Aditya Birla Sun Life Banking & PSU Debt Fund
10.25%
9.45%
Aditya Birla Sun Life Corporate Bond Fund
10.37%
9.41%
Aditya Birla Sun Life Short Term
9.03%
8.69%

*as on June 16th, 2020

Aditya Birla Sun Life Hybrid Mutual Funds’ Top 5 Performers

Hybrid Funds invest in a mix of growth-oriented stock, capital-preserving debt, and other asset-related instruments, the proportions of which might change over time. Hybrid funds come in a variety of shapes and sizes to meet the needs of different investors. A risk-averse investor, for example, can choose a cautious hybrid fund that invests a large amount of its assets in debt securities. Aggressive hybrid funds, on the other hand, would fit investors with a strong risk appetite because they have a higher equities exposure.

Aditya Birla Sun Life now provides five hybrid funds: Regular Savings (for conservative investors), Equity Hybrid (for aggressive investors), and Balanced Advantage (for balanced investors) (for investors with Higher risk appetite). These open-ended hybrid schemes have respective AUMs of 1850 crores, 10835 crores, and 2739 crores. This diversification ensures that everyone can choose a programme that suits them.

Mutual Fund NameReturns in Percentage (3yrs)Returns in Percentage (5yrs)
Aditya Birla Sun Life Arbitrage Fund
6.50%
6.58%
Aditya Birla Sun Life Financial Planning FOF Conservative Plan
4.99%
5.95%
Aditya Birla Sun Life Balanced Advantage Fund
2.56%
5.87%
Aditya Birla Sun Life Asset Allocator MMFoF Scheme
3.16%
5.63%
Aditya Birla Sun Life Financial Planning FOF Moderate Plan
3.47%
5.50%

*as on June 16th, 2020

Aditya Birla Sun Life Tax Saving Mutual Fund is a top-performing mutual fund.

Aditya Birla Sun Life Tax Relief 96. is an open-ended exchange-traded fund (ETF) that invests the majority of its assets in equities across sectors and businesses. It achieves a twin goal of lowering tax burdens while also creating long-term wealth through equity investment. Since its start in 1996, this tax-advantaged mutual fund has achieved returns of 22.55 percent. There is no entry or exit load and a three-year lock-in period. Healthcare (25.33 percent), Financial (20.81 percent), and Engineering (25.33 percent) are the top three industries in the fund’s portfolio (10.14 percent ). Engineering (20.81%) and Financial (20.81%) (10.14 percent ). The fund invests mostly in large and mid-cap stocks in terms of market capitalization.

This fund, which has an AUM of 9177 crores, is ideal for investors who have a relatively high risk appetite and are looking for long-term capital gain as well as tax savings.

Aditya Birla Mutual Fund’s Top 5 Schemes

Sun Life Aditya Birla Equity Fund

The Aditya Birla Sun Life Equities Fund’s investment objective is to pursue long-term capital appreciation by investing in a well-diversified portfolio of equity and equity-related products.

Details on the fund:

Aditya Birla Sun Life Equity Fund belongs to the Equity- Multi-Cap Fund category, with an AUM of 9648 crores as of May 31, 2020. The programme began on August 27, 1998. The Aditya Birla Sun Life Equity Fund’s NAV was 636.69 on June 5, 2020, representing a 21 percent return since inception. S&P BSE 500 TRI is the scheme’s benchmark.

The Aditya Birla Sun Life Equity Fund has an expense ratio of 1.94 percent for regular plans and 0.97 percent for direct plans. If you redeem before the one-year anniversary of your investment, you will be charged a 1% exit fee.

The Aditya Birla Sun Life Equity Fund requires a minimum investment of 100 rupees.

Company NameSectors InvestedPercentage Asset
HDFC Bank
Financial
8.74
ICICI Bank
Financial
7.75
Bharti AirtelCommunication6.97
Dr. Reddy's LabHealthcare4.68
Sun Pharmaceutical IndsHealthcare4.68

as of May 31, 2020, the portfolio holdings

Tax Relief 96 Mutual Funds of Birla Sun Life

Investment Goal: The Aditya Birla Sun Life Tax Relief 96 Fund’s investment aim is to create long-term financial appreciation while also saving tax while investing under Section 80C. It invests in a diverse range of equities and equity-related securities. Furthermore, because the money is guaranteed to be invested for three years, the fund manager has the time horizon to make an informed selection and build a robust stock portfolio without having to worry about redemption pressure during short-term volatility.

Details on the fund: Equity Linked Savings Scheme is the fund category of Aditya Birla Sun Life Tax Relief 96 Fund, which has an AUM of 9177 crores as of May 31, 2020. The programme began on March 29, 1996. The Aditya Birla Sun Life Tax Relief 96 Fund’s NAV was 28.6 on June 5, 2020, representing a 22.53 percent return since launch.
S&P BSE 500 TRI is the scheme’s benchmark.

The Aditya Birla Sun Life Tax Relief 96 Fund has a 1.94 percent expense ratio for normal plans and a 0.94 percent expense ratio for direct plans. Because this is a tax-deferred savings account, you cannot remove funds before the three-year lock-in term expires.

Aditya Birla Sun Life Tax Relief 96 Fund has a lot of exposure to the healthcare and financial industries. The largest exposures include Honeywell Automation India Ltd., Reliance Industries Ltd., and Housing Development Finance Corporation Ltd.

The Aditya Birla Sun Life Tax Relief 96 fund requires a minimum investment of 500 rupees.

Company NameSectors InvestedPercentage Asset
Reliance Industries
Energy
10.14
Honeywell Automation
Engineering
8.92
Pfizer
Healthcare
810.00%
HDFC
Financial
746.00%
Bayer CropScience
Healthcare
733.00%

*portfolio holding as on 31st May 2020

Corporate Bond Fund OF Aditya Birla Sun Life

Aditya Birla Sun Life Corporate Bond Fund’s investment objective is to provide optimal and steady returns through an actively-managed Debt Portfolio with excellent liquidity choices. The fund invests in high-quality debt and money market instruments that have a strong credit history.

Details on the fund:

Aditya Birla Sun Life Corporate Bond Fund belongs to the Debt- Corporate Bond Fund category, with an AUM of 18,059 crores as of May 31, 2020. The programme began on March 3, 1997.

As of 5th June 2020, the NAV for the Aditya Birla Sun Life Corporate Bond Fund, Regular-Growth option was 80.68, representing a 9.39 percent return from inception. NIFTY Corporate Bond TRI is the scheme’s benchmark.

The Aditya Birla Sun Life Corporate Bond Fund has a 0.45 percent fee ratio for regular plans and a 0.30 percent expense ratio for direct plans. Aditya Birla Sun Life Corporate Bond Fund would have no exit load.

Aditya Birla Sun Life Corporate Bond Fund requires a minimum investment of 100 rupees.

As of May 31, 2020, the top portfolio holding with varying maturities is:

Instrument
Credit Rating
1Y Range
Percentage Asset
7.57% GOI 17/06/2033
GOI Securities
SOV
5.09
6.45% GOI 2029
GOI Securities
SOV
4.97
7.17% Reliance Industries 2022
Non Convertible Debenture
AAA
2.76
6.70% National Bank Agr. Rur. Devp 2022
Debenture
AAA
2.69
8.65% M&M Financial Services 19/03/2021
Debenture
AAA
2.51

Frontline Equity Fund of Aditya Birla Sun Life

Aditya Birla Sun Life Frontline Equities Fund’s investment objective is to achieve long-term capital appreciation and wealth development by investing in equity and equity-related products. This scheme invests in diverse equities and equity-related stocks from a wide range of sectors and industries, as determined by the Nifty 50 TRI benchmark index.

Details on the fund:

Aditya Birla Sun Life Frontline Equity Fund belongs to the Equity Large Cap Fund category, with an AUM of 16,027 crores as of May 31, 2020. The programme began on August 30, 2002. The Aditya Birla Sun Life Frontline Equity Fund’s NAV was 193.73 on June 5, 2020, representing an 18.14 percent return from inception. The Nifty 50 TRI is the scheme’s benchmark.

The Aditya Birla Sun Life Frontline Equity Fund has a 1.82 percent expense ratio for regular plans and a 1.10 percent expense ratio for direct plans. If you redeem before one year has passed since your investment, you will be charged a 1% exit fee.

The Financial Sector is heavily represented in the Sun Life Frontline Equity Fund. The largest holdings are HDFC Bank Ltd. and ICICI Bank Ltd. This is the detailed holding table for this scheme.

As of May 31, 2020, the top portfolio holding is:

Company NameSectors InvestedPercentage Asset
HDFC Bank
Financial
8.15
ICICI Bank
Financial
6.72
Reliance Industries
Energy
610.00%
Infosys
Technology625.00%
Bharti Airtel
Communication
607.00%

Sun Life Savings Fund of Aditya Birla

Investment Objective: The Aditya Birla Sun Life Saving Fund’s investment objective is to provide moderate returns while maintaining high liquidity, similar to that of saving bank accounts. The funds invest in a mix of debt and money market securities, earning higher returns than a regular savings account.

Details on the fund:
Aditya Birla Sun Life Savings Fund’s Fund Category is Debt – Ultra Short Duration Fund, having an AUM of 12,902 crores as of May 31, 2020. The programme began on November 27, 2001. The Aditya Birla Sun Life Savings Fund’s NAV was 403.90 on June 5, 2020, representing a 7.79 percent return from inception. The CRISIL Ultra Short Term Debt Index serves as the scheme’s benchmark.

The Aditya Birla Sun Life Savings Fund has an expenditure ratio of 0.45 percent for regular plans and 0.33 percent for direct plans. In the Aditya Birla Sun Life Savings Fund, there will be no exit load.

The Aditya Birla Sun Life Savings Fund has a minimum investment of 1000 rupees.

As of May 31, 2020, the portfolio of Top Holdings with various maturities is as follows:

Instruments1 Year RangeCredit RatingAssets in Percentage
6.78% Reliance Industries 16/09/2020AAANon Convertible Debenture5.77
8.20% Power Finance Corp. 14/09/2020AAABonds/NCD4.7
HDFC 317-D 10/03/2021A1+Commercial Paper3.08
8.97% Shriram Transport Finance 15/03/2021AA+Debenture2.82
8Indusind Bank 24/02/2021A1+Certificate of Deposit2.58

Customer Service Information for Mutual Funds of Birla Sun Life

Aditya Birla Sun Life Mutual Fund strives to give all of its customers with a comprehensive solution and services that are beneficial to them. The following are the contact details for the customer service centre where an investor can inquire about his Aditya Birla SIP or lump sum investment:

Address:
One India Bulls Center,
17th Floor, Senapati Bapat Marg,
Elphinstone Road,
Mumbai-400013, Maharashtra

1800-270-7000 – Toll-free number.
NRI Number: +91- 22-6691-7777

Mutual Funds of Birla Sun Life can be reached at care.mutualfunds@adityabirlacapital.com.

Aditya Birla Sun Life Fund Managers at the Top

Co-Chief Investment Officer: Mr. Maneesh Dangi

Mr. Dangi is primarily responsible for Fixed Income funds. He is knowledgeable and experienced in the areas of Debt Funds, Corporate Bonds, PSU Debt Funds, and other similar investments. He leads a team of 22 analysts and fund managers who manage a portfolio worth more than 1.6 lakh crores in Birla Sun Life SIPs and Birla Sun Life One-Time Investments. Aditya Birla Sun Life Banking and PSU Debt Fund, Aditya Birla Sun Life Short Term Opportunity Fund, and Aditya Birla Sun Life Credit Fund are the funds for which he is principally responsible.

Co-Chief Investment Officer: Mr. Mahesh Patil

The Co-Chief Investment Officer is Mr. Mahesh Patil (Equity). He joined Aditya Birla Sun Life Mutual Fund in 2005 with a total of 27 years of expertise. He was then promoted to Co-Chief Investment Officer in 2008. (Equity). He presently leads a team of 20 experienced analysts and fund managers who collectively handle 92,000 crores in the equity market through Birla Sun Life SIPs and Birla Sun Life One-Time Investments.

Mr. Patil graduated from VJTI in Mumbai with a bachelor’s degree in engineering and a master’s degree in finance from Jamnalal Bajaj Institute in Mumbai. He, too, is an ICFAI charter holder in Hyderabad. Aditya Birla Sun Life Frontline Equity Fund, Aditya Birla Sun Life Equity Hybrid ’95, Aditya Birla Sun Life Focused Equity Fund, and Pure Value Fund are some of the funds he manages as an equity expert.

Ms. Ajay Garg is a Senior Fund Manager.

Mr. Ajay Garg holds a bachelor’s degree in electronics from Bangalore University and a master’s degree in finance from Mumbai University. He is also an alumnus of Hartmann College, where he graduated in 1987. He runs Aditya Birla Sun Life Mutual Fund’s equity-oriented funds and has over twenty-five years of experience. He is an expert in equity, particularly in the Indian market, as well as all types of financial services, and thus proves to be incredibly advantageous for Birla Sun Life SIPs and other investments.

Before joining Aditya Birla Sun Life Mutual Fund, he worked for the American Express bank and a few stockbroking organizations.

How to Invest in Mutual Funds of Birla Sun Life-Latest Schemes | SIP | Tax Benefits

Simply follow the steps below to get started with your investment portfolio:

Step 1: Create a Mutual Fund account; existing users can simply log in.

Step 2: Upload identification documents such as a driver’s licence, voter ID card, passport, PAN, Aadhaar, and so on.

Step 3: Upload proof-of-address documents such as utility bills, Aadhaar cards, passports, and so on.

Step 4: Pick a time frame for your investment that you are comfortable with.

Step 5: Decide whether you want to take a high, medium, or low risk.

Step 6: Decide the Aditya Birla Sun Life Mutual Fund you want to invest in.

Step 7: Choose ‘Start SIP’ if you want to make a monthly investment, or ‘Invest One Time’ if you want to make a one-time commitment.

Your investing procedure is now complete.
In 3-4 business days, the Aditya Birla Mutual Funds you purchase will appear in your Mutual Fund Service Provided account.

Disclaimer: The information on this website is provided solely for educational purposes and should not be construed as professional advice. Every investor has a unique risk tolerance and investment objective. Before investing your money, always do your own study.

About loanpersonal

Check Also

Parag Agarwal Twitter CEO

Parag Agarwal Twitter | Unknown Facts About the CEO

Parag Agarwal the proud Indian to be the CEO of Twitter and in the list of top powerful CEO's of the world. Know everything about Parag Agarwal.

Leave a Reply

Your email address will not be published. Required fields are marked *