Aditya Birla Sun Life Savings Fund Direct Growth
Debt
Direct
Ultra Short Duration
NAV as on 05-09-2024
₹ 522.75
Inception Returns
7.7%
/yr
About the Fund
Aditya Birla Sun Life Savings Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Monika Gandhi, Sunaina Cunha, Kaustubh Gupta. This fund is suitable to keep your money safe.
Key Parameters
- Aditya Birla Sun Life Savings Fund Direct Growth has ₹14133 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
Returns
Aditya Birla Sun Life Savings Fund Direct Growth has given a CAGR return of 7.73% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.67%, 6.27% and 6.24% respectively.
Holdings
Aditya Birla Sun Life Savings Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government. Its top holdings are National Housing Bank 7.83%, Nirma Limited, Dbs Bank India Limited, Small Industries Development Bank Of India, National Housing Bank 7.78%
Taxation
As it is a ultra short 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 Savings Fund Direct Growth
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.
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 Savings Fund Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.34% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹14133 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 237.98% |
| 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 |
Trailing Returns
as on (05-Sep-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 14.5K Cr as of Jul'24
- AUM increased by 1.3K Cr between Jul'24 and Jun'24
Top 3 Sectors in July were Financial Services, Corporate & Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 National Housing Bank 7.83% | 5.8% | 0% | |
Nirma Limited | 3.55% | 0% | |
Dbs Bank India Limited | 3.39% | 0% | |
Small Industries Development Bank Of India | 3.06% | 0% | |
National Housing Bank 7.78% | 2.83% | 0% |
Mutual Fund Insights
Aditya Birla Sun Life Savings Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.34%
Frequently Asked Questions
Aditya Birla Sun Life Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.63% | 0.63% |
6 Month Returns | 3.95% | 3.95% |
1 Year Returns | 7.67% | 7.67% |
3 Years Returns | 20.03% | 6.27% |
5 Years Returns | 35.36% | 6.24% |
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- 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 | 77.12 |
AA | 22.88 |