Rating : ★ ★ ★ ★ ★

Aditya Birla Sun Life Banking & PSU Debt Fund Direct Plan Growth

Debt

  

Liquid Fund

NAV

288.1476 +0.1399

(as on 23 Nov, 2020)

RETURNS

9.29 %

Fund Type

Open Ended

Investment Plan

Growth

Investment Plan

0%

Benchmark

CRISIL Short Term Bond Fund TR INR

Asset Size

14577.39 Cr.

(As of 31 Oct, 2020)

Risk

Moderately Low

Objective

To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India.

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Fund manager

Maneesh Dangi

Exit load

N / A

Minimum sip

₹1000

Minimum investment

₹1000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

8.24% Govt Stock 2027

3.91%

7.59% Govt Stock 2026

2.67%

National Bank For Agriculture and Rural Development

2.07%

National Bank For Agriculture and Rural Development

2.02%

Sector Allocation

About the Scheme Type

Liquid Mutual Fund invest in short-term money market instruments such as government securities, treasury bills (T-Bills), commercial papers, call money, etc., with a maturity period of up to 91 days. Liquid mutual funds are not only least risky but least volatile as well because they mostly invest in instruments with high credit rating (P1+) and experience nominal change in their NAV (Net Asset Value), mostly on the interest income accrued. This happens because of their short-term maturity which makes them sparingly traded in the market. Being invested for short periods of time, these provide unrivalled liquidity to investors.

Ratings

This fund is rated 5 stars by Morning Star Ratings.

★ ★ ★ ★ ★

Overview of Aditya Birla Sun Life AMC Ltd

Aditya Birla Sun Life AMC Limited (formerly known as Birla Sun Life Asset Management Company Limited), the investment manager of 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 brings together the Aditya Birla Group's experience in the Indian market and Sun Life's global experience. Aditya Birla Sun Life Mutual Fund (ABSLMF) was established in 1994 and is co-sponsored by Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc. The Aditya Birla Sun Life Mutual Fund is one of the leading Fund Houses in India based on domestic average AUM as published by the Association of Mutual Funds of India (AMFI). The Aditya Birla Mutual Fund has total domestic assets under management (AUM) of close to Rs. 2423 billion (Quarter ended December 31st, 2018). The fund house has an extraordinary mix of reach, a wide range of product offerings across equity, debt, balanced as well as structured asset classes and sound investment performance, with around 6.8 million investor folios (as of December 31st, 2018).