Aditya Birla Sun Life Income Fund Direct Growth
Debt
Direct
Medium To Long Duration
NAV as on 19-11-2024
₹ 128.72
Inception Returns
7.9%
/yr
About Aditya Birla Sun Life Income Fund Direct Growth
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.
Key Parameters
- Aditya Birla Sun Life Income Fund Direct Growth has ₹2181 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
Aditya Birla Sun Life Income Fund Direct Growth has given a CAGR return of 7.95% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.02%, 6.01% and 7.10% respectively.
Holdings
Aditya Birla Sun Life Income Fund Direct Growth has allocated its funds majorly in Real Estate, Government, Corporate, Cash Equivalent. Its top holdings are 7.34% Govt Stock 2064, 7.18% Govt Stock 2037, 7.3% Govt Stock 2053, Small Industries Development Bank Of India, 7.25% Govt Stock 2063
Taxation
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.
Investment objective of Aditya Birla Sun Life Income Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
Aditya Birla Sun Life Income Fund Direct Growth Overview
| Expense ratio | 0.74% |
Benchmark | CRISIL Composite Bond Fund TR INR |
| AUM | ₹2181 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 slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (19-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 2.2K Cr as of Oct'24
- AUM increased by 78.2 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Real Estate, Government & Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.34% Govt Stock 2064 | 15.65% | -19.7% | |
7.18% Govt Stock 2037 | 12.12% | 0% | |
7.3% Govt Stock 2053 | 5.76% | -17.1% | |
Small Industries Development Bank Of India | 3.89% | 0% | |
7.25% Govt Stock 2063 | 3.6% | 49% |
Mutual Fund Insights
Aditya Birla Sun Life Income Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹2181 Cr
Expense Ratio 0.74%
Frequently Asked Questions for Aditya Birla Sun Life Income Fund Direct Growth
Aditya Birla Sun Life Income Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.23% | 0.23% |
6 Month Returns | 4.75% | 4.75% |
1 Year Returns | 9.02% | 9.02% |
3 Years Returns | 19.12% | 6.01% |
5 Years Returns | 40.93% | 7.1% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |