Aditya Birla Sun Life Mutual Fund - Top 10 ABSL MF Schemes, Returns & Benefits

Aditya Birla Sun Life Mutual Fund (ABSLMF), is one of India's leading mutual fund companies, offers a range of investment options catering to the diverse needs of investors. This article provides an in-depth look at the fund house, its offerings, benefits, what makes it a preferred choice among investors and top Aditya Birla Sun Life Mutual Fund in India.

Aditya Birla Sun Life Mutual Fund (ABSLMF)

Aditya Birla Sun Life Mutual Fund, a joint venture between Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc., has been a significant player in the Indian mutual fund industry since its inception in 1994. With a strong focus on performance, transparency, and customer satisfaction, Aditya Birla Sun Life Mutual Fund has garnered trust and recognition over the years.

Aditya Birla Sun Life also operates in different segments such as portfolio management services, alternative investments, and real estate investments. As of September 2023, the company's AuM stands at Rs. 311,682 Crores. 

Additionally, Aditya Birla Sun Life AMC has a Pan-India presence in more than 280 locations around the country. The Aditya Birla Group is also a Fortune 500 company. 

Aditya Birla Sun Life Mutual Fund Key Information

Here is all the key information about the Aditya Birla Sun Life Mutual Fund:

Key Features and Offerings of Aditya Birla Sun Life Mutual Fund (Aditya Birla Sun Life Mutual Fund)

1. Diverse Range of Schemes: Aditya Birla Sun Life Mutual Fund offers a wide array of mutual fund schemes across equity, debt, and hybrid categories. Whether you are looking for long-term capital appreciation, regular income, or a balanced portfolio, there is a scheme that fits your investment goals. There are about 206 Aditya Birla Sun Life Mutual Fund schemes. These include 142 debt schemes, 39 equity schemes, 6 hybrid schemes, and 19 others.
2. Equity Funds: These funds invest primarily in stocks and aim for long-term growth. Some of the top schemes from Aditya Birla Sun Life Mutual Fund are Aditya Birla Sun Life Liquid Fund, Aditya Birla Sun Life Frontline Equity, and Aditya Birla Sun Life Corporate Bond Fund, Aditya Birla Sun Life Digital India Fund, and Aditya Birla Sun Life Tax Relief 96.
3. Debt Funds: These funds invest in fixed income securities and are suitable for investors seeking regular income with lower risk. Examples include Aditya Birla Sun Life Corporate Bond Fund and Aditya Birla Sun Life Short Term Fund.
4. Hybrid Funds: Combining equity and debt, these funds offer a balanced approach. Notable schemes are Aditya Birla Sun Life Balanced Advantage Fund and Aditya Birla Sun Life Equity Hybrid 95 Fund.
5. Solution-Oriented Funds: Aditya Birla Sun Life Mutual Fund also provides solution-oriented funds like retirement and children's education plans, designed to meet specific financial goals.

Benefits of Investing in Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Mutual Fund could be very beneficial to invest in. Here are all the benefits that you can unlock with the mutual fund:

• Beat Inflation Rate: The returns offered by the majority of the Aditya Birla mutual schemes in the long term have always been above the inflation rate. Hence, your money grows even when the inflation rate goes up.
• Experienced Fund Managers: The fund managers at Aditya Birla Sun Life Mutual Fund bring years of experience and expertise, employing rigorous research and analysis to make informed investment decisions.
• Allow Withdrawals: The best Aditya Birla fund schemes allow investors to make investments and withdrawals of their funds via different modes.
• High Returns: The Aditya Birla Sun Life Mutual Fund has offered high returns in the past for a long time.
• Strong Track Record: Aditya Birla Sun Life Mutual Fund has consistently delivered strong performance across various schemes, making it a reliable choice for investors.
• Customer-Centric Approach: With a focus on transparency and investor education, Aditya Birla Sun Life Mutual Fund ensures that investors are well-informed about their investments and the mutual fund industry.
• Technological Advancements: Leveraging technology, Aditya Birla Sun Life Mutual Fund offers a seamless and convenient investing experience through its online platforms and mobile app.
• Sustainable Investing: The fund house integrates Environmental, Social, and Governance (ESG) factors into its investment processes, promoting responsible and sustainable investing.

Why Choose Aditya Birla Sun Life Mutual Fund?

Aditya Birla Sun Life Mutual Fund is one of the best and most popular mutual funds across India. Choosing the Aditya Birla Sun Life Mutual Fund as one of your investments could be beneficial in the long term considering the returns. 

Whether you have a high, low, or moderate risk appetite, you can find the fund scheme best for you. All these reasons combined could be yours to invest in the Aditya Birla Sun Life Mutual Fund schemes.

List of Top Aditya Birla Sun Life Mutual Fund in India

Here is the list of the top 10 Aditya Birla Sun Life Mutual Funds in India, categorized by the type of fund:

Top 10 Aditya Birla Sun Life Mutual Funds: Detailed Overview

1. Aditya Birla Sun Life ELSS Tax Relief 96 Fund

Aditya Birla Sun Life ELSS Tax Relief 96 Fund is an Equity Linked Savings Scheme (ELSS) that offers significant tax benefits under Section 80C of the Income Tax Act, 1961. With a fund size of ₹13,536 crores and a very high-risk profile, it has delivered a 1-year return of 13.3%. This fund primarily invests in a diversified portfolio of equity and equity-related securities, aiming for long-term capital growth while providing tax savings.

2. Aditya Birla Sun Life ELSS Tax Saver Fund

The Aditya Birla Sun Life ELSS Tax Saver Fund is another high-performing ELSS with a 1-year return of 16.6% and a fund size of ₹14,243 crores. It carries a very high-risk profile and focuses on delivering long-term capital appreciation along with tax benefits. The fund is well-diversified across various sectors and industries, aiming to mitigate risk while optimizing returns.

3. Aditya Birla Sun Life Flexi Cap Fund

With a fund size of ₹18,133 crores, the Aditya Birla Sun Life Flexi Cap Mutual Fund provides a very high-risk investment option with a notable 1-year return of 22.7%. This equity fund invests across market capitalizations—large, mid, and small caps—allowing for flexibility and a diversified approach to capture growth opportunities in the market.

4. Aditya Birla Sun Life Small Cap Fund

Focused on small-cap stocks, the Aditya Birla Sun Life Small Cap Fund boasts a remarkable 1-year return of 38.8%, reflecting its high growth potential within this segment. With a fund size of ₹5,019 crores and a very high-risk profile, this fund aims to invest in companies with strong growth prospects that are often under-researched and undervalued.

5. Aditya Birla Sun Life Mid Cap Direct Fund

Aditya Birla Sun Life Mid Cap Direct Fund targets mid-cap companies with promising growth potential, delivering a strong 1-year return of 35.2%. With a fund size of ₹4,628 crores, it presents a very high-risk investment option, seeking to capitalize on the growth opportunities offered by mid-sized companies that have the potential to become future market leaders.

6. Aditya Birla Sun Life Pure Value Fund

Aiming to invest in undervalued companies with strong fundamentals, the Aditya Birla Sun Life Pure Value Fund has achieved an impressive 1-year return of 40.8%. With a fund size of ₹5,151 crores and a very high-risk profile, this equity fund focuses on value investing, targeting stocks that are priced below their intrinsic value.

7. Aditya Birla Sun Life Frontline Equity Fund

The Aditya Birla Sun Life Frontline Equity Fund is one of the largest equity funds in the Aditya Birla portfolio, with a fund size of ₹24,290 crores. It has delivered a 1-year return of 20.4% and carries a very high-risk profile. This fund invests predominantly in large-cap companies, aiming to provide long-term capital appreciation through investments in high-quality, established businesses.

8. Aditya Birla Sun Life Equity Hybrid ‘95 Fund

Balancing between equity and debt, the Aditya Birla Sun Life Equity Hybrid ‘95 Fund offers a 1-year return of 19.4% with a fund size of ₹7,182 crores. This very high-risk hybrid fund invests in a mix of equity and debt securities, aiming to provide growth and income while maintaining a balanced risk profile.

9. Aditya Birla Sun Life Equity Advantage Fund

The Aditya Birla Sun Life Equity Advantage Fund focuses on delivering superior long-term capital growth through diversified investments in equity and equity-related instruments. With a fund size of ₹5,322 crores and a 1-year return of 24.5%, this very high-risk fund is designed for investors seeking significant capital appreciation over time.

10. Aditya Birla Sun Life Corporate Bond Fund

The Aditya Birla Sun Life Corporate Bond Fund is a debt-oriented fund that provides moderate risk exposure with a stable 1-year return of 7.3%. With a substantial fund size of ₹17,698 crores, this fund primarily invests in high-quality corporate bonds, aiming to generate regular income while preserving capital.

Each of these funds offers unique advantages tailored to different investor needs and risk appetites, making Aditya Birla Sun Life Mutual Funds a versatile and attractive option for investors aiming to achieve their financial goals.

Aditya Birla Sun Life Mutual Fund Managers

Here are the top 7 Aditya Birla Sun life mutual Fund Managers:

1. Mr. Satyabrata Mohanty

Mr. Satyabrata Mohanty is the Head of Mixed Assets at Aditya Birla Sun Life Mutual Fund and has been working at Aditya Birla for over 20 years. He joined the organization as a management trainee in 1998 and since then, he has been in various areas. In 2009, he began his equity management career at Aditya Birla.

Throughout these 20 years, Satyabrata has managed Advantage Funds, Dividend Yield Funds, India Reforms, and Special Situations Funds. He prefers investing in companies which show a robust growth pattern [CAGR of 20% and above] for a long time. Moreover, banking and financial services are also his most preferred investment areas. 

Mr. Satyabrata Mohanty has managed various high-performing funds at Birla Mutual Fund. These include Aditya Birla Sun Life Advantage Fund, Aditya Birla Sun Life India Reforms Fund, Aditya Birla Sun Life Special Situations Fund, and Aditya Birla Sun Life Dividend Yield Plus Fund.

2. Mr. Maneesh Dangi

Mr. Dangi is the Co-Chief Investment Officer at Aditya Birla Sun Life Mutual Fund, who also heads the Fixed Income Investment division of the company. He has been associated with Aditya Birla since January 2006.

Before joining the Aditya Birla Group, Mr. Maneesh was the Head of Fixed-Income Investment Consultancy and Merchant Banking at Pioneer Investcorp. In the past 2 decades, he has pulled off some of the best investment portfolios at Aditya Birla Sun Life Mutual Fund, where he managed 22 analysts and fund managers and funds worth of Rs. 1.5L Crore.

Currently, Mr. Maneesh Dangi manages 19 schemes that are worth more than Rs. 44,000 Crores. His diverse investment portfolio comprises Aditya Birla Sun Life Credit Risk Fund, Aditya Birla Sun Life Short Term Opportunities Fund, Aditya Birla Sun Life Corporate Bond Fund, and Aditya Birla Sun Life Banking & PSU Debt Fund.

3. Mr. Mohit Sharma

Mr. Mohit Sharma has been associated with Birla Sun Life Mutual Funds since October 2015. Before working at Aditya Birla, he had his own private health-tech business since 2012. However, he has served multiple stints at leading financial institutions such as Standard Chartered Bank (2007-11) and ICICI Bank Ltd. (2006-07).

At Aditya Birla Sun Life Mutual Fund, Mr. Sharma manages funds while most of them have offered returns over 8% YoY. His investment portfolio consists of Aditya Birla Sun Life Balanced Advantage Fund, Aditya Birla Sun Life Low Duration Fund, Aditya Birla Sun Life Fixed Term Plan, and ABSL Money Manager Fund.

4. Mr. Dhaval Gala

Mr. Dhaval Gala is one of the most dynamic fund managers at Aditya Birla Sun Life Mutual Fund. He is a former student of the N.L. Dalmia Institute of Management Studies & Research, with a Postgraduate Degree in Business Management (Finance). Before joining Aditya Birla Sun Life Mutual Fund, Mr. Gala had significant experience at companies like J.P. Morgan Chase India and B&K Securities. 

At Aditya Birla Sun Life Mutual Fund, Mr. Dhaval Gala heads the Birla Sun Life Banking & Financial Services Funds division along with Mr. Satyabrata Mohanty. Currently, Mr. Gala manages a total AuM of nearly Rs. 1,900 Cr.

5. Ms. Sunaina da Cunha

Ms. Sunaina da Cunha has been working at Aditya Birla Sun Life Mutual Funds since 2004. She is a CFA CharterHolder from CFA Institute in Virginia. She also holds a master’s degree in Business Administration from FMS, Delhi.

Ms. Cunha manages 13 funds with an AuM of over Rs. 91,000 Cr. Some of the major funds from her investment portfolio include - Aditya Birla Sun Life Liquid Fund, Aditya Birla Sun Life Savings Fund, and Aditya Birla Sun Life Credit Risk Fund.  

6. Mr. Pranay Sinha

Mr. Pranay Sihna went to two prestigious institutes in India, IIT-Kharagpur, and IIM-Calcutta, and earned his PGDM in Finance. He has been working for over a decade in Fund Management and Currency Trading.

Pranay joined Aditya Birla Sun Life in 2014 where he managed some of the most profitable funds back then. Before working at Aditya Birla, he had worked at other major companies including BNP Paribas Bank, ICICI Prudential Asset Management Company Limited, and Morgan Stanley Investment Management Pvt. Ltd. 

Currently, Mr. Sinha manages 20 schemes with an AuM of over Rs. 21,500 Cr at Aditya Birla Sun Life Mutual Fund. 

7. Mr. Kaustabh Gupta

Mr. Kaustabh is a chartered accountant and CFA, who works as the senior fund manager at Aditya Birla Sun Life Mutual Fund. Over the past 14 years, he has worked in various domains such as liquidity management, treasury finance, and fund management. Before joining Aditya Birla in 2009, Mr. Kaustabh was a part of the Asset Liability Management team at ICICI Bank. 

Currently, Mr. Kaustabh oversees 24 fund schemes with a cumulative AuM over Rs. 1.29L Crore. Some of the highest grossing funds in his portfolio are Aditya Birla Sun Life Government Securities Fund, Aditya Birla Sun Life Corporate Bond Fund, Aditya Birla Sun Life Banking & PSU Debt Fund, and Aditya Birla Sun Life Short Term Opportunities Fund.

How To Start Investing in Aditya Birla Sun Life Mutual Fund?

Investing in Aditya Birla Sun Life Mutual Fund is simple and convenient. Investors can choose from various investment modes such as lump sum, Systematic Investment Plan (SIP), and Systematic Transfer Plan (STP). You can invest directly through the Aditya Birla Sun Life Mutual Fund website or mobile app, or via registered distributors and financial advisors.

Here's a step-by-step guide for online process to get started:

• Visit the official website of Aditya Birla Sun Life Mutual Fund and log in.
• Define your financial goals, risk tolerance, and investment horizon.
• Based on your goals, select the appropriate scheme from Aditya Birla Sun Life Mutual Fund's wide range of offerings where you want to invest
• Fill out the application form carefully to purchase units.
• Then submit a copy of your PAN Card, address proof, and cheque/DD. In case you’re investing Rs. 50,000 or more, you’ll have to submit KYC details as well.
• Finish the process.
• Now regularly review your portfolio to track its performance and make adjustments as needed.

That’s all, and your money will be invested in the mutual fund. You can also choose to start an Aditya Birla Mutual Fund SIP.

Documents Required to Invest in Aditya Birla Mutual Fund

To start investing in Aditya Birla Mutual Fund, one is required to submit documents including KYC (Know Your Client), identity proof, and address proof. Here is a list of all the officially valid documents:

Proof of Identity

• PAN Card (Mandatory)
• Voter ID Card
• Driving License
• Passport
• Aadhar Card

Proof of Address

• Voter ID Card
• Driving License
• Passport
• Ration Card
• Aadhar Card
• Bank account statement or bank passbook
• Utility bills such as electricity or gas bills

Aditya Birla Mutual Fund Customer Care Details

Contact Number:

1800 270 7000

Registered Address:

One World Center, Tower 1, 17th Floor, Jupiter Mill Compound, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013

Managing Risk with Aditya Birla Mutual Fund

With all the Aditya Birla mutual fund investment strategies, you must learn to manage risks. Here is everything you need to know in the Aditya Birla mutual fund risk assessment:

• Diversify your investment portfolio: Instead of investing in only one investment fund, diversify and strategize your investments in various funds to ensure lower risk.
• Invest via SIPs: You can stop your SIP investments if you wish to discontinue them.
• Track portfolio: If you have invested in high-risk mutual funds, it’s better to track your investment for better decision-making.

Conclusion:

Aditya Birla Sun Life Mutual Fund stands out as a trusted and innovative player in the mutual fund industry. With its diverse range of schemes, strong performance record, and commitment to customer satisfaction, it provides a robust platform for investors to achieve their financial goals. Whether you are a novice investor or a seasoned one, Aditya Birla Sun Life Mutual Fund offers solutions tailored to meet your unique needs.

Embark on your investment journey with Aditya Birla Sun Life Mutual Fund and take a step closer to financial freedom.

FAQs

1. Are Aditya Birla Mutual Fund schemes safe to invest in?

Aditya Birla Sun Life is one of the largest AMCs in India which is also regulated by SEBI, ensuring that investors are safe. However, one must note that no AMC guarantees the safety of capital when it comes to market-linked investments. So, you can choose the fund schemes considering their risk.

2. Which ABSL Mutual Fund scheme is the best for short-term investment?

For any short-term investment (up to 3 years), you can consider investing in Debt mutual funds. However, you should match your investment tenure to the average portfolio maturity. For instance, overnight funds may be suitable for a few days while liquid funds can be considered for up to 3 months.

3. Are Aditya Birla Mutual Fund schemes tax-free?

The gains from ABSL mutual fund schemes are subject to capital gains tax. Check out this table to understand mutual fund taxation better: 

4. How can I cancel an ongoing SIP in an Aditya Birla mutual fund scheme?

Here is a step-by-step guide to cancelling an ongoing SIP in the ABSL mutual fund scheme:

• Visit the mutual fund’s official website.
• Log into your account and select the investment you wish to cancel.
• Follow the given instructions to cancel the SIP.

5. How can I get the Aditya Birla mutual fund statement?

You can log on to Aditya Birla Sun Life AMC’s official website and request a statement. Otherwise, you can visit CAMS Online or Kfintech and request a statement via email.

6. How can I increase the SIP amount in an Aditya Birla mutual fund scheme?

You can increase your SIP amount in ABSL mutual fund if you have chosen the ‘step-up SIP’ option when starting the SIP. Otherwise, you must start a new SIP to increase the SIP amount.