Aditya Birla Sun Life Floating Rate Fund Direct Growth

Aditya Birla Sun Life Floating Rate Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Harshil Suvarnkar, Kaustubh Gupta. This fund is suitable to keep your money safe.

1. Aditya Birla Sun Life Floating Rate Fund Direct Growth has ₹13191 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 0.2.
   

Aditya Birla Sun Life Floating Rate Fund Direct Growth has given a CAGR return of 7.98% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.17%, 7.25% and 6.76% respectively.

Aditya Birla Sun Life Floating Rate Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are 7.93% Govt Stock 2033, LIC Housing Finance Ltd, ICICI Home Finance Limited, Bajaj Housing Finance Limited, National Bank for Agriculture and Rural Development

As it is a floating rate mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 1000.00. Aditya Birla Sun Life Floating Rate Fund Direct Growth has no lock in period.