Debt
Direct
Medium To Long Duration
NAV as on 06-09-2024
₹ 126.93
Inception Returns
8%
/yr
Aditya Birla Sun Life Income Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Bhupesh Bameta. This fund is suitable to keep your money safe.
Aditya Birla Sun Life Income Fund Direct Growth has given a CAGR return of 7.96% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.50%, 5.79% and 7.01% respectively.
Aditya Birla Sun Life Income Fund Direct Growth has allocated its funds majorly in Real Estate, Government, Corporate, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2037, 7.3% Govt Stock 2053, 7.18% Govt Stock 2033, LIC Housing Finance Ltd, 7.36 RJ Sgs 2034
As it is a medium to long duration mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
The objective of the scheme is to generate consistent income through superior yields on its investments at moderate levels of risk through a diversified investment approach. This income may be complemented by price changes of instruments in the portfolio.
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 1000.00. Aditya Birla Sun Life Income Fund Direct Growth has no lock in period.
Expense ratio | 0.69% |
Benchmark | CRISIL Composite Bond Fund TR INR |
AUM | ₹1995 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹1000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 633.98% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Moderate Risk |
as on (06-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Government, Financial Services & Basic Materials
Aditya Birla Sun Life Income Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.73% | 0.73% |
6 Month Returns | 4.41% | 4.41% |
1 Year Returns | 8.5% | 8.5% |
3 Years Returns | 18.41% | 5.79% |
5 Years Returns | 40.32% | 7.01% |
AAA | 100 |