Aditya Birla Sun Life Equity Savings Fund Direct Growth

Aditya Birla Sun Life Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 28 November, 2014. The fund is managed by Harshil Suvarnkar. This fund gives you the benefit of diversification.

1. Aditya Birla Sun Life Equity Savings Fund Direct Growth has ₹602 Cr worth of assets under management (AUM) as on Aug 2024 and is less than category average.
2. The fund has an expense ratio 0.6.
   

Aditya Birla Sun Life Equity Savings Fund Direct Growth has given a CAGR return of 8.92% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 12.25%, 7.21% and 10.28% respectively.

Aditya Birla Sun Life Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Industrial, Real Estate, Basic Materials, Energy, Corporate, Utilities, Consumer Defensive, Tech, Consumer Cyclical, Health, Communication.

As it is a equity savings mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To provide capital appreciation and income distribution to the investors by using a blend of equity derivatives strategies, arbitrage opportunities and pure equity investments.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Aditya Birla Sun Life Equity Savings Fund Direct Growth has no lock in period.