Aditya Birla Sun Life Savings Fund Direct Growth

Debt
Direct
Ultra Short Duration
Aditya Birla Sun Life Savings Fund Direct Growth

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

  1. Aditya Birla Sun Life Savings Fund Direct Growth has ₹13580 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.3.

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 7.62%, 6.06% and 6.34% respectively.

Holdings

Aditya Birla Sun Life Savings Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government, Securitize. Its top holdings are HDFC Bank Limited, Nirma Limited, Small Industries Development Bank of India, Dbs Bank India Limited, 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.

Fund Performance
zero opening, trading, fund transfer fee
306 people have invested ₹ 2.3Cr in Aditya Birla Sun Life Savings Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.34%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹13580 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
217.83%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
72.8%

AA
27.2%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
60.6%
Cash Equivalent
25.9%
Government
13.4%
Securitize
0.1%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Limited
HDFC Bank Limited
4.4%
0%
Nirma Limited
Nirma Limited
3.68%
0%
Small Industries Development Bank of India
Small Industries Development Bank of India
3.48%
100%
Dbs Bank India Limited
Dbs Bank India Limited
3.48%
0%
National Housing Bank 7.78%
National Housing Bank 7.78%
2.95%
0%

Monika Gandhi
Monika Gandhi
Fund Manager of Aditya Birla Sun Life Savings Fund Direct Growth, since 22 March 2021
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Aditya Birla Sun Life Savings Fund Direct Plan Growth
6.06%
5.15%
Sunaina Cunha
Sunaina Cunha
Fund Manager of Aditya Birla Sun Life Savings Fund Direct Growth, since 20 June 2014
Kaustubh Gupta
Kaustubh Gupta
Fund Manager of Aditya Birla Sun Life Savings Fund Direct Growth, since 15 July 2011

Mutual Fund Insights

Insights icon
In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.72% return, outperforming this fund by 0.1%.
Insights icon
Over the last 1 month, this fund has decreased expense ratio by 12.8% moving from 0.39 to 0.34.
Insights icon
In the last 5 years, ICICI Prudential Ultra Short Term Fund Direct Plan Growth has given 6.55% return, outperforming this fund by 0.21% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.34% which is lower than the category average expense ratio of 0.56%.
Insights icon
Over the last 1 month, this fund has experienced a 12.6% growth in AUM moving from 12.05K Cr to 13.57K Cr.
Insights icon
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.27% return, outperforming this fund by 1.21% per annum.

Aditya Birla Sun Life Savings 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 7.73% since inception which is more than its category average return of 7.17%
AUM size ₹13580 Cr

AUM size ₹13580 Cr

This fund has AUM of ₹13580 Cr which is more than its category average of ₹ 3090 Cr
Expense Ratio 0.34%

Expense Ratio 0.34%

This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.63%

Frequently Asked Questions

The current NAV of Aditya Birla Sun Life Savings Fund Direct Growth is ₹514.12 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Aditya Birla Sun Life Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.61%
0.61%
6 Month Returns
3.97%
3.97%
1 Year Returns
7.62%
7.62%
3 Years Returns
19.3%
6.06%
5 Years Returns
35.98%
6.34%
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.
0.34% as on May 2024
₹13580 Cr as on May 2024
HDFC Bank Limited(4.4%), Nirma Limited(3.68%), Small Industries Development Bank of India(3.48%), Dbs Bank India Limited(3.48%), National Housing Bank 7.78%(2.95%) as on May 2024
Corporate(60.58%), Cash Equivalent(25.86%), Government(13.45%) as on May 2024
Yield to Maturity is 7.88 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 0.46 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
72.78
AA
27.22
Monika Gandhi, Sunaina Cunha, Kaustubh Gupta are the fund managers of Aditya Birla Sun Life Savings Fund Direct Growth
The Exit load of Aditya Birla Sun Life Savings Fund Direct Growth is 0%