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 Sunaina Cunha, Monika Gandhi, Kaustubh Gupta. This fund is suitable to keep your money safe.

1. Aditya Birla Sun Life Savings Fund Direct Growth has ₹18981 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.
   

Aditya Birla Sun Life Savings Fund Direct Growth has given a CAGR return of 7.78% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.36%, 7.56% and 6.41% respectively.

Aditya Birla Sun Life Savings Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government. Its top holdings are Bank Of Baroda, Shriram Finance Limited, Nirma Limited, Small Industries Development Bank of India, Bharti Telecom Limited

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

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 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.