Aditya Birla Sun Life Money Manager Fund Direct Growth

Debt
Direct
Money Market
Aditya Birla Sun Life Money Manager Fund Direct Growth

About the Fund

Aditya Birla Sun Life Money Manager Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kaustubh Gupta, Mohit Sharma, Anuj Jain. This fund is suitable to keep your money safe.

Key Parameters

  1. Aditya Birla Sun Life Money Manager Fund Direct Growth has ₹23738 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

Aditya Birla Sun Life Money Manager Fund Direct Growth has given a CAGR return of 7.41% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.66%, 6.11% and 6.23% respectively.

Holdings

Aditya Birla Sun Life Money Manager Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government. Its top holdings are Punjab National Bank, Small Industries Development Bank Of India, Axis Bank Ltd., HDFC Bank Limited, National Bank for Agriculture and Rural Development

Taxation

As it is a money market 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 Money Manager Fund Direct Growth

The primary objective of the scheme is to generate regular income through investment in a portfolio comprising money market instruments.

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 Money Manager Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
437 people have invested ₹ 1.3Cr in Aditya Birla Sun Life Money Manager Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.21%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹23738 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
242.29%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
54.5%
Cash Equivalent
34.9%
Government
10.6%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
Punjab National Bank
Punjab National Bank
4.41%
-20%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
3.6%
0%
Axis Bank Ltd.
Axis Bank Ltd.
2.01%
0%
HDFC Bank Limited
HDFC Bank Limited
2%
0%
National Bank for Agriculture and Rural Development
National Bank for Agriculture and Rural Development
2%
0%

Kaustubh Gupta
Kaustubh Gupta
Fund Manager of Aditya Birla Sun Life Money Manager Fund Direct Growth, since 15 July 2011
Mohit Sharma
Mohit Sharma
Fund Manager of Aditya Birla Sun Life Money Manager Fund Direct Growth, since 1 April 2017
Anuj Jain
Anuj Jain
Fund Manager of Aditya Birla Sun Life Money Manager Fund Direct Growth, since 22 March 2021
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Aditya Birla Sun Life Money Manager Fund Direct Plan Growth
6.11%
5.29%

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 23.4% growth in AUM moving from 19.23K Cr to 23.73K Cr.
Insights icon
In the last 5 years, HSBC Money Market Fund Direct Plan Growth Option has given 6.5% return, outperforming this fund by 0.27% per annum.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.2% return, outperforming this fund by 0.09% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.21% which is lower than the category average expense ratio of 0.33%.
Insights icon
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.77% return, outperforming this fund by 0.1%.

Aditya Birla Sun Life Money Manager 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 7.41% since inception which is more than its category average return of 4.97%
AUM size ₹23738 Cr

AUM size ₹23738 Cr

This fund has AUM of ₹23738 Cr which is more than its category average of ₹ 7188 Cr
Expense Ratio 0.21%

Expense Ratio 0.21%

This fund has an expense ratio of 0.21% which is less than its category average expense ratio of 0.34%

Frequently Asked Questions

The current NAV of Aditya Birla Sun Life Money Manager Fund Direct Growth is ₹345.99 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Aditya Birla Sun Life Money Manager Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.61%
0.61%
6 Month Returns
3.98%
3.98%
1 Year Returns
7.66%
7.66%
3 Years Returns
19.49%
6.11%
5 Years Returns
35.26%
6.23%
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.
0.21% as on May 2024
₹23738 Cr as on May 2024
Punjab National Bank(4.41%), Small Industries Development Bank Of India(3.6%), Axis Bank Ltd.(2.01%), HDFC Bank Limited(2%), National Bank for Agriculture and Rural Development(2%) as on May 2024
Corporate(54.5%), Cash Equivalent(34.93%), Government(10.57%) as on May 2024
Yield to Maturity is 7.7 as on May 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 0.66 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Kaustubh Gupta, Mohit Sharma, Anuj Jain are the fund managers of Aditya Birla Sun Life Money Manager Fund Direct Growth
The Exit load of Aditya Birla Sun Life Money Manager Fund Direct Growth is 0%