Aditya Birla Sun Life Income Fund Direct Growth

Aditya Birla Sun Life Income Fund Direct Growth

Debt

Direct

Medium To Long Duration

NAV as on 12-12-2024

₹ 129.81

Inception Returns

8%

/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

  1. Aditya Birla Sun Life Income Fund Direct Growth has ₹2179 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Aditya Birla Sun Life Income Fund Direct Growth has given a CAGR return of 7.97% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.73%, 6.13% and 7.40% 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, 7.18% Govt Stock 2033, 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

Annualised

zero opening, trading, fund transfer fee
28 people have invested ₹ 1.6L in Aditya Birla Sun Life Income Fund Direct Growth in the last three months

Aditya Birla Sun Life Income Fund Direct Growth Overview

Expense ratio0.74%
Benchmark
CRISIL Composite Bond Fund TR INR
AUM₹2179 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
633.98%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (12-Dec-24)

Period
Aditya Birla Sun Life Income Fund Direct Growth
Medium to Long Duration Index
1M
0.6%
0.6%
3M
1.8%
1.5%
6M
4.7%
4.2%
1Y
9.7%
9.2%
3Y
6.1%
5.9%
5Y
7.4%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Government
56.8%
Corporate
33%
Cash Equivalent
10.1%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 2.2K Cr
₹ 2.1K Cr
₹ 2K Cr
  • 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
Cash allocation has gone up from 8.6% to 10.1%
Cash allocation has gone up from 8.6% to 10.1%
Debt allocation has gone down from 91.1% to 89.7%
Debt allocation has gone down from 91.1% to 89.7%

Top 3 Sectors in October were Real Estate, Government & Corporate

Oct'24
Real Estate
100%
Government
57%
Corporate
33%
Sep'24
Real Estate
100%
Government
58%
Corporate
34%
  • Debt & Cash

Holdings
Weight%
1M Change
7.34% Govt Stock 2064
7.34% Govt Stock 2064
19.48%
-19.7%
7.18% Govt Stock 2037
7.18% Govt Stock 2037
12.09%
0%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
4.79%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
3.89%
0%
7.25% Govt Stock 2063
7.25% Govt Stock 2063
3.59%
49%
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Bhupesh Bameta
Bhupesh Bameta
Fund Manager of Aditya Birla Sun Life Income Fund Direct Growth, since 6 August 2020
Fund House
Aditya Birla Sun Life AMC Ltd
Total AUM
₹3.89L Cr
as on 31-Oct-2024
Address
Aditya Birla Sun Life AMC Ltd,One World Centre, Tower 1, 17th Floor,Jupiter Mill Compound, 841, Senapati Bapat Marg,Elphinstone Road
Phone
+912243568000
Website
connect@birlasunlife.com

Mutual Fund Insights

Insights icon
In the last 1 year, Kotak Bond Direct Growth has given 10.22% return, outperforming this fund by 0.49%.
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In the last 3 years, UTI Medium to Long Duration Fund Direct Plan Growth has given 8.53% return, outperforming this fund by 2.4% per annum.
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Over the last 6 months, this fund has experienced a 17.8% growth in AUM moving from 1.84K Cr to 2.17K Cr.
Insights icon
In the last 5 years, SBI Magnum Income Fund Direct Growth has given 7.82% return, outperforming this fund by 0.43% per annum.

Aditya Birla Sun Life Income Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.97% since inception which is more than its category average return of 5.75%
AUM size ₹2179 Cr

AUM size ₹2179 Cr

This fund has AUM of ₹2179 Cr which is more than its category average of ₹ 973 Cr
Expense Ratio 0.74%

Expense Ratio 0.74%

This fund has an expense ratio of 0.74% which is less than its category average expense ratio of 1.14%

Frequently Asked Questions for Aditya Birla Sun Life Income Fund Direct Growth

The current NAV of Aditya Birla Sun Life Income Fund Direct Growth is ₹129.81 as on 12-Dec-2024.
Existing (Absolute + CAGR) as on 12-Dec-2024.
Aditya Birla Sun Life Income Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.62%
0.62%
6 Month Returns
4.68%
4.68%
1 Year Returns
9.73%
9.73%
3 Years Returns
19.52%
6.13%
5 Years Returns
42.89%
7.4%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.74% as on November 2024
₹2179 Cr as on November 2024
7.34% Govt Stock 2064(19.48%), 7.18% Govt Stock 2037(12.09%), 7.18% Govt Stock 2033(4.79%), Small Industries Development Bank Of India(3.89%), 7.25% Govt Stock 2063(3.59%) as on November 2024
Government(61.15%), Corporate(35.75%), Cash Equivalent(3.11%) as on November 2024
Yield to Maturity is 7.24 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 5.99 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Bhupesh Bameta is the fund manager of Aditya Birla Sun Life Income Fund Direct Growth
The Exit load of Aditya Birla Sun Life Income Fund Direct Growth is 0%