Rating : ★ ★ ☆ ☆ ☆

Aditya Birla Sun Life Dividend Yield Fund Direct Plan Dividend Reinvestment

Equity

  

Dividend Yield Fund

NAV

23.27 +0.01

(as on 29 Sep, 2020)

RETURNS

-2.22 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Investment Plan

2%

Benchmark

IISL Nifty Div Opportunities 50 PR INR

Asset Size

687.53 Cr.

(As of 31 Aug, 2020)

Risk

Moderately High

Objective

An Open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a well-diversified portfolio of dividend paying companies that have a relatively high dividend yield.

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Fund manager

Satyabrata Mohanty

Exit load

1 %

(If redeemed within 365 days)

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

Infosys Ltd

8.37%

ICICI Securities Ltd

4.64%

Dhanuka Agritech Ltd

3.85%

Larsen & Toubro Infotech Ltd

3.56%

Sector Allocation

About the Scheme Type

Dividend Yield Funds are relatively less volatile than growth oriented funds but the name doesn’t mean that they have to mandatorily pay dividends. Dividend Yield Funds put a majority of their investments – typically between 65 to 60% - higher than the average yield of the market. Now this method has more than one advantage. Investment is made in companies that have stable cashflows and who pay regular dividends. A second benefit is that even during downturns, these companiesdo not usually default or even lower down on paying dividends; hence, become the safest bets.

Ratings

This fund is rated 2 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).