Rating : ★ ★ ★ ☆ ☆

Aditya Birla Sun Life Financial Planning FOF Moderate Plan Direct Plan Growth Option

Others

  

Fund of Funds

NAV

22.1548 +0.2498

(as on 25 Sep, 2020)

RETURNS

4.91 %

Fund Type

Open Ended

Investment Plan

Growth

Investment Plan

0%

Benchmark

CRISIL Hybrid 50+50 - Moderate TR INR

Asset Size

19.46 Cr.

(As of 31 Aug, 2020)

Risk

Moderately High

Objective

The Scheme aims to generate returns by investing in portfolio of equity schemes, ETFs and debt schemes as per the risk-return profile of investors. The Plan under the Scheme has a strategic asset allocation which is based on satisfying the needs to a specific risk-return profile of investors.

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Fund manager

Kunal Sangoi

Exit load

1 %

(If redeemed within 365 days)

Minimum sip

₹1000

Minimum investment

₹500

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

Kotak Standard Multicap Dir Gr

12.65%

HDFC Corporate Bond Dir Gr

10.60%

IDFC Banking & PSU Debt Dir Gr

10.53%

Axis Banking & PSU Debt Dir Gr

10.42%

Sector Allocation

About the Scheme Type

Similar to how funds invest in stocks and bonds, Fund of Funds are mutual fund schemes which invest in other mutual fund schemes. The fund manager can invest in the fund schemes of same mutual fund house or different mutual fund houses. It’s particularly good for smaller risk averse investors with the capacity of putting in small amounts every month as the fund’s diversification reduces the risk to a certain extent. Few advantages of Fund of Funds include Tax friendly, ease of handling as there’s just one NAV and folio to track, small investor friendly, while the disadvantages come in the form of high expense ratio and possibility of more than required diversification.

Ratings

This fund is rated 3 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).