Aditya Birla Sun Life Savings Fund Direct Growth

Aditya Birla Sun Life Savings Fund Direct Growth

Debt

Direct

Ultra Short Duration

NAV as on 08-11-2024

₹ 530.28

Inception Returns

7.7%

/yr

About Aditya Birla Sun Life Savings Fund Direct Growth

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 ₹13741 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Aditya Birla Sun Life Savings Fund Direct Growth has given a CAGR return of 7.74% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.93%, 6.62% and 6.27% 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%, Shriram Finance Company Limited, Nirma Limited, Dbs Bank India Limited, Rural Electrification Corporation Limited

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

Annualised

zero opening, trading, fund transfer fee
446 people have invested ₹ 1.1Cr in Aditya Birla Sun Life Savings Fund Direct Growth in the last three months

Aditya Birla Sun Life Savings Fund Direct Growth Overview

Expense ratio0.36%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹13741 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
237.98%
STCGSelling 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 (08-Nov-24)

Period
Aditya Birla Sun Life Savings Fund Direct Growth
Ultra Short Duration Index
1M
0.7%
0.5%
3M
2%
1.4%
6M
3.9%
2.9%
1Y
7.9%
6.4%
3Y
6.6%
5.7%
5Y
6.3%
5.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
69.1%

AA
30.9%

Sector Allocation

Sep'24

Aug'24

Jul'24

Corporate
68.5%
Government
16.2%
Cash Equivalent
15.3%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 13.3K Cr
₹ 13.7K Cr
₹ 14.5K Cr
  • AUM of the fund stands at 13.3K Cr as of Sep'24
  • AUM decreased by 463.8 Cr between Sep'24 and Aug'24
Cash allocation has gone down from 41.2% to 29.3%
Cash allocation has gone down from 41.2% to 29.3%
Debt allocation has gone up from 58.5% to 70.4%
Debt allocation has gone up from 58.5% to 70.4%

Top 3 Sectors in September were Financial Services, Corporate & Government

Sep'24
Financial Services
100%
Corporate
69%
Government
16%
Aug'24
Financial Services
100%
Corporate
66%
Government
13%
  • Debt & Cash

Holdings
Weight%
1M Change
National Housing Bank 7.83%
National Housing Bank 7.83%
5.97%
0%
Shriram Finance Company Limited
Shriram Finance Company Limited
4.38%
0%
Nirma Limited
Nirma Limited
3.65%
0%
Dbs Bank India Limited
Dbs Bank India Limited
3.54%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
2.92%
0%
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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
6.62%
5.71%
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
Fund House
Aditya Birla Sun Life AMC Ltd
Total AUM
₹3.79L Cr
as on 30-Sep-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, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.96% return, outperforming this fund by 0.03%.
Insights icon
Over the last 3 months, this fund has experienced a 7.7% drop in AUM moving from 14.88K Cr to 13.74K Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.36% which is lower than the category average expense ratio of 0.57%.
Insights icon
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 6.88% return, outperforming this fund by 0.27% per annum.
Insights icon
Over the last 1 month, this fund has increased expense ratio by 5.9% moving from 0.34 to 0.36.
Insights icon
In the last 5 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.1% return, outperforming this fund by 0.83% 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 7.74% since inception which is more than its category average return of 7.03%
AUM size ₹13741 Cr

AUM size ₹13741 Cr

This fund has AUM of ₹13741 Cr which is more than its category average of ₹ 3439 Cr
Expense Ratio 0.36%

Expense Ratio 0.36%

This fund has an expense ratio of 0.36% which is less than its category average expense ratio of 0.62%

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

The current NAV of Aditya Birla Sun Life Savings Fund Direct Growth is ₹530.28 as on 08-Nov-2024.
Existing (Absolute + CAGR) as on 08-Nov-2024.
Aditya Birla Sun Life Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.68%
0.68%
6 Month Returns
3.88%
3.88%
1 Year Returns
7.93%
7.93%
3 Years Returns
21.19%
6.62%
5 Years Returns
35.52%
6.27%
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0.36% as on October 2024
₹13741 Cr as on October 2024
National Housing Bank 7.83%(5.97%), Shriram Finance Company Limited(4.38%), Nirma Limited(3.65%), Dbs Bank India Limited(3.54%), Rural Electrification Corporation Limited(2.92%) as on October 2024
Corporate(66.53%), Cash Equivalent(21.5%), Government(11.97%) as on October 2024
Yield to Maturity is 7.78 as on October 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 0.47 as on October 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
69.09
AA
30.91
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%