Rating: ★ ★ ★ ☆ ☆

Aditya Birla Sun Life Savings Fund Weekly Dividend Payout Direct Plan

Debt

  

Ultra Short Duration Fund

NAV

100.517 + 0.1624

as on (22 May, 2020)

RETURNS

5.32 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Expense Ratio

0.33 %

Benchmark

CRISIL Short Term Bond Fund TR INR

Asset Size

12267.87 Cr.

(As of 30 Apr, 2019)

Risk

Moderately Low

Objective

The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.

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Fund manager

Sunaina Cunha

(since 11 Oct, 2014)

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

Vodafone Mobile Services Limited

4.58 %

National Bank For Agriculture And Rural Development

3.28 %

ONGC Petro Additions Limited

3.08 %

NRSS XXIX TRANSMISSION LIMITED

2.34 %

Sector Allocation

About the Scheme Type

Ultra Short Duration Fund

Short Duration Mutual Funds usually have an investment horizon spanning about 1 – 3 years, with a scope to be extended to 4 years. Short Duration Mutual Funds are often accompanied by modest risks and non-volatile returns and theydo not even attract penalty on pre-mature withdrawals. These are usually beneficial for investors with lower risk appetite and offer greater post tax returns in comparison to other non-equitycounterparts of the same tenure.

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).