Money Market Fund
Fund Type
Open Ended
Investment Plan
Growth
Expense Ratio
0%
Asset Size
13853.99 Cr.
(As of 15 Jan, 2023)
Benchmark
Nifty Money Market TR INR
Riskometer
Investors understand that their principal will be at Moderate Risk.
The primary objective of the scheme is to generate regular income through investment in a portfolio comprising money market instruments.
Fund manager
Kaustubh Gupta
Exit load
N / A
Minimum sip
₹500
Minimum investment
₹1000
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.
India (Republic of)
2.92%
7.68 12/15/2023 12:00:00 Am
1.86%
India (Republic of)
1.73%
7.37 4/16/2023 12:00:00 Am
1.61%
Money Market Mutual Funds invest in high quality and ultra safeliquid instruments like commercial papers, treasury bills (T-Bills), Repurchase Agreements (Repos) and Certificate of Deposits. With an average maturity of one year, Money Market Mutual Funds are used to manage short-run cash needs and deals only in either cash or cash equivalents. Its main aim is to keep the fluctuations in the fund’s NAV to a minimum
This fund is rated 5 stars by Morning Star Ratings.
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).