Overview: Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund (ABSLMF), a joint venture between Aditya Birla Capital Limited and the Sun Life Financial Inc. Of Canada brings some best mutual funds to invest in. It is among the leading fund houses in India based on domestic average Asset Under Management (AUM).
The collaboration brings together the understanding of Indian markets and global experience thereby offering top mutual funds. ABSL (financial service business of Aditya Birla Group) believes ‘to be a leader and role model in a broad-based and integrated financial services business’ while Sun Life Limited aims at providing financial security and healthier lives to its clients. Together they bring some of the best investment plans.
Mutual Funds offered by Aditya Birla Sun Life Asset Management Company
According to Association of Mutual Funds of India (AMFI), it is one of the largest Asset Management Company (AMC) in India. It provides a glut of mutual fund types and schemes. One can go through the Net Asset Value (NAV) of various mutual fund schemes and calculate the returns of these funds using Lump sum or SIP Calculator at Paisabazaar.
Aditya Birla Sun Life Equity Funds
Equity Funds are those that invest in shares and stocks of companies. Aditya Birla Sun Life Equity Funds are professionally managed funds that are invested in stocks of companies of different market capitalization, making it highly volatile and risky financial instruments. It is ideal for those who are ready to take moderate to high risks and invest for 3-5 years.
Aditya Birla Sun Life AMC diversify their portfolio by investing in various sectors so as to generate returns to the investors as the business grows.
Below are the best 5 Aditya Birla Sun Life Equity Funds:
|Aditya Birla Sun Life Equity Advantage Fund||2%||5%||12%|
|Aditya Birla Sun Life Equity Fund||4%||9%||12%|
|Aditya Birla Sun Life Focussed Equity Fund||7%||9%||10%|
|Aditya Birla Sun Life Frontline Equity Fund||4%||8%||10%|
|Aditya Birla Sun Life Small Cap Fund||-11%||1%||10%|
Aditya Birla Sun Life Debt Funds
Debt Funds are those which invest a major portion of their corpus in debentures and fixed income securities. Aditya Birla SL Debt mutual funds invest in a mix of debt investments such as treasury bills, government securities (G-Secs), corporate bonds and other money market instruments of varying maturities. Aditya Birla Sun Life offers various kinds of Debt Funds to investors based on their liquidity and tenure preferences. Debt mutual funds seek to provide investors capital preservation and regular income.
Below are the best 5 Aditya Birla Sun Life Debt Funds:
|Aditya Birla Sun Life Active Debt Multi Manager GoF Scheme||8%||6%||8%|
|Aditya Birla Sun Life Banking & PSU Fund||11%||8%||9%|
|Aditya Birla Sun Life Corporate Bond Equity Fund||11%||8%||9%|
|Aditya Birla Sun Life Credit Risk Fund||9%||8%||–|
|Aditya Birla Sun Life Government Securities Fund||16%||8%||11%|
Read more on How to Select a Debt Fund?
Aditya Birla SL Hybrid Funds
Hybrid Funds are those that invest in a mix of asset class such as in equity, debt and gold. Aditya Birla SL Hybrid Funds cater to the needs of different kinds of investors as those who are risk averse or those who look out for high returns with some risks. Hybrid, also known as Asset Allocation Funds Funds, invest in a mix of growth oriented equity, capital preserving debt and other assets related instruments. The proportion may vary or remain the same. There are funds that invest more in equities while some funds have higher exposure to debt instruments.
Some of the best ABSL Hybrid Funds are:
|Aditya Birla Sun Life Active Arbitrage Fund||7%||6.69%||7.16%|
|Aditya Birla Sun Life Allocator Multi-Manager FoF Scheme||3.95%||6.29%||8.90%|
|Aditya Birla Sun Life Balanced Advantage Fund||9%||8%||10%|
|Aditya Birla Sun Life Equity Hybrid 95 Fund||3%||6%||10%|
|Aditya Birla Sun Life Regular Savings Fund||6%||6%||10%|
Know more about Types of Hybrid Funds
Fund Managers of ABSL Asset Management Company
1. A. Balasubramanian
He is the Managing Director-cum-CEO for Aditya Birla Sun Life AMC Limited who comes with 26 years of experience in the Mutual Fund industry as Portfolio Manager both in Fixed Income and Equity. He also oversees global mandates through its subsidiary company in Singapore and Dubai. He directly manages some of the highest rated funds as Aditya Birla Sun Life Balanced Advantage Fund and Aditya Birla Sun Life Equity Fund.
2. Mahesh Patil
He is Co-Chief Investment Officer and spearheads Equity Investments at Aditya Birla Sun Life AMC Limited. Mahesh leads a team of twenty, comprising fund managers and analysts and has over 27 years of rich experience in fund and investment management. He manages funds such as ABSL Frontline Equity, ABSL Focused Equity, ABSL Equity Hybrid ’95, and ABSL Pure Value Fund.
3. Maneesh Dangi
Maneesh Dangi comes with 20 years of experience and heads Fixed Income investments at Aditya Birla Sun Life AMC Limited. Maneesh leads a team of twenty-two and manages funds such as ABSL Banking & PSU Debt Fund, ABSL Corporate Bond Fund, ABSL Credit Risk Fund, ABSL Medium Term Plan, ABSL Short Term Opportunities Fund, and ABSL Dynamic Bond Fund.
4. Anil Shyam
He is the Co-Head of Retail Sales and Distribution at Aditya Birla Sun Life AMC Limited. He has over 19 years of experience. He currently manages the North & South Zone at ABSLAMC while additionally, overseeing products and business development functions.
5. Siddharth Damani
He is Co-Head of Retail Sales and Distribution at Aditya Birla Sun Life AMC Limited. He has an overall experience of 10 years in Retail Sales and is associated with ABSLAMC from August 2003.
How to Invest in Aditya Birla Sun Life Mutual Funds via Paisabazaar.com?
Step 1: On to Paisabazaar.com, select the ‘Mutual Fund’ option
Step 2: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 3: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 4: Select the Aditya Birla Sun Life of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 5: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 6: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days. If you’re not KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.
How to Complete Your KYC Check for Aditya Birla Sun Life Mutual Fund
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
If you’re a first time customer, you need to get your KYC Check before investing in Mutual Funds.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Company)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund eKYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of Aditya Birla Sun Life Mutual Fund or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for Aditya Birla Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Recent Utility Bill
- Rental/Lease Agreement
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.