About Aditya Birla Sun Life Mutual Fund
The Aditya Birla Sun Life Mutual Fund (ABSLMF) is one of the major mutual fund corporations in all of India. The investment management company behind ABSLMF is, of course, the Aditya Birla Sun Life Asset Management Company (AMC) Ltd. It is a joint venture between India’s Aditya Birla Group and the Sun Life Financial, Inc. of Canada. Founded back in 1994, it was previously known as the Birla Sun Life Asset Management Company Limited.
Aditya Birla Group and Sun Life Financial, Inc. are both well-established financial institutes. As the ABSLMF brings together the Aditya Birla Group’s first-hand understanding of the Indian market and Sun Life’s similar experiences in the global markets, it’s understandable that the joint venture ultimately benefits from both of them.
Aditya Birla Sun Life Mutual Fund now boasts of over 7 million investor folios. According to the reports published by the AMFI, or the Association of Mutual Funds in India , their domestic average Assets Under Management (AUM) were close to Rs. 2200 billion for the quarter of the year that ended on June 30, 2020.
How to Invest in Aditya Birla Sun Life Mutual Funds Online?
To execute an easy Aditya Birla Sun Life Mutual Fund investment from the comfort of your home, all you have to do is follow these quick steps:
- Log in to your Mobikwik account. Sign up right now if you don’t have an account.
- Complete the KYC (Know Your Customer) verification process.
- Upload valid documentation and identity proofs as per requirements.
- Select the best ABSLMF according to your investment criteria, risk appetite and preferred investment period
- If you’re making a lump sum investment, click on the ‘Buy Now’ option.
- In case you’re starting a SIP (Systematic Investment Plan), select ‘Start SIP’.
And there, you are all set! Now only wait for your ABSL Mutual Fund investment to appear on your Mobikwik account, which it should do within a maximum of 4 working days.
Types of Aditya Birla Sun Life Mutual Funds:
ABSLMF offers sector specific equity schemes, fund of fund schemes, hybrid and monthly income funds, debt and treasury products and offshore funds. The usual run time for these MFs can range between short, medium and long. You’d have to decide the kind of fund you want to invest in based on your objectives, risk-absorbing capacity, and investment conditions. To make things easier for you, below we have compiled a list of the top 10 mutual fund schemes ABSLMF has to offer, with data as of FY 2019-20.
Top 10 Aditya Birla Sun Life Mutual Funds:
Aditya Birla Sun Life Tax Relief 96:
With Aditya Birla Sun Life Tax Relief 96 MF, an ABSL equity fund, you won’t be able to withdraw your money before the completion of at least three years starting from the date of investment. So only invest when you’re prepared for a long term MF scheme. ABSL Tax Relief 96 is rated as a high risk mutual funds, and has given returns of 22.79% since its commencement in 1996.
Aditya Birla Sun Life India GenNext Fund:
Launched in 2005, Aditya Birla Sun Life India GenNext Fund is among the high risk ABSL equity funds. The GenNext fund invests primarily in the shares of customer-centric companies, and has shown a return of 15.37% since launch.
Aditya Birla Sun Life Frontline Equity Fund:
Another ABSL equity fund, Aditya Birla Sun Life Frontline Equity Fund invests in major companies, and is good for the conventional equity investor. This ABSLMF being a large-cap fund, do keep in mind no withdrawals can be made before 5 years pass. The returns for ABSL Frontline Equity Fund have remained 18.60% since its inception in 2002.
Aditya Birla Sun Life Corporate Bond Fund:
Corporate Bond funds usually invest only in superlative corporate bonds; the risk with these funds is quite low. The returns for the ABSL Corporate Bond Fund has been 9.44% since its launch in 1997.
Aditya Birla Sun Life MNC Fund:
An ABSL equity fund, Aditya Birla Sun Life MNC Fund invests in the shares of multinational companies. With fairly high risks, the ABSL MNC Fund has yielded returns of 17.92% since its creation in 1994.
Aditya Birla Sun Life Equity Fund:
The Aditya Birla Sun Life Equity Fund is a multi-cap fund where your money gets invested in companies of any size, as long as they come up with maximum gains. Aditya Birla Sun Life Equity Fund set sail in 1998, and has shown returns of 21.38% ever since.
Aditya Birla Sun Life Savings Fund:
This ABSL debt fund invests in a portfolio of debt and money market instruments, cash and cash equivalents with moderately low risk profile. Returns have remained at 7.79% since it got launched in 2001.
Aditya Birla Sun Life Low Duration Fund:
This ABSL mutual fund is a low duration debt fund which aims to invest in a diversified portfolio of high credit quality debt & money market instruments of short maturities, where you can not withdraw your money anytime. Aditya Birla Sun Life Low Duration Fund is a moderately low risk investment that has, since launch in 2013, given 8.94% returns.