Aditya Birla Sun Life Mutual Funds (ABSLMF) is a joint-venture company co-sponsored by the Indian company, Aditya Birla Capital Limited and Canada-based financial service company, Sun Life AMC Investments, Inc.
Headquartered in Mumbai, it was previously named Birla Sun Life Asset Management Company Limited. It was established in 1994 and has successfully completed 25 years in the Indian financial landscape.
Both the parent companies, Aditya Birla Group and Sun Life Financial, Inc., are significant financial companies with a rich legacy of wealth creation and management. The Aditya Birla Group is the 3rd largest business conglomerate in India, with gross revenue in excess of $41 billion.
Sun Life, on the other hand, is one of the largest life insurance providers in the world, with investment management as their other area of expertise. It ranks 236th on the Fortune 500 list.
ABSLMF is currently one of the largest asset management companies operating in India. With cumulative average assets under management (AUM) of Rs. 3.31 Lakh Crores as of March 31, 2024.
Aditya Birla Sun Life Mutual Fund primarily deals in four classes of funds:
i. Equity funds
ii. Income funds
iii. Debt funds
iv. ELSS funds
The primary commitment of ABSLMF is to increase mutual fund penetration in India. As of May 2019, there are over 83.2 million mutual fund folios in India, aggregating over Rs. 25.43 trillion. It has quadrupled in the past decade alone, and ABSLMF has had a defining role in it.
BSLAMC is one of the leading asset managers in India, servicing around 7.9 million investor folios with a pan India presence across 280 plus locations which include metropolises and small times alike.
ABSLMF takes an active approach to make the entire mutual fund management process straightforward and transparent to ease it for both investors and channel partners. Their portfolio of financial products and services includes sector-specific equity options, treasury and debt products, fund of fund schemes and hybrid income funds, to name a few.
| Mutual fund name | Aditya Birla Sun Life Mutual Fund |
| Asset management company name | Aditya Birla Capital Ltd. & Sun Life (India) Investments Inc. |
| AMC Setup Date | 23 December 1994 |
| AMC Incorporation Date | 05 September 1994 |
| Sponsor name | Aditya Birla Capital Ltd. & Sun Life AMC Investments Inc. |
| Trustee organisation | Aditya Birla Sun Life Trustee Private Limited |
| Name of trustees | Aditya Birla Sun Life Trustee Private Limited |
| MD and CEO | A. Balasubramanian |
| Compliance Officer | Ms. Hemanti Wadhwa |
| Investor Service Officer | Keerti Gupta |
— Registered with SEBI, AMFI & BSE
— Paperless sign up on web & app
— Expert recommendations
— ZERO fees !
The investment process in Aditya Birla Mutual Fund is a rather simple and straightforward process. Done correctly, it should not take up more than a few minutes.
Simply follow these steps and begin your investment portfolio:
Step 1: Register for a Groww account; existing clients just need to log in.
Step 2: Upload documents that are proof of identity such as driving license, Voter ID card, Passport, PAN, Aadhaar, etc.
Step 3: Upload documents that are proof of address such as utility bills, Aadhaar, Passport, etc.
Step 4: Select an investment period you are comfortable with.
Step 5: Select a level of risk you are comfortable with- high, medium or low.
Step 6: Select an Aditya Birla Sun Life Mutual Fund of your choice.
Step 7: Select ‘Start SIP’ if you to make a SIP investment or choose ‘Invest One Time’ for a single lump sum investment.
That completes your investment procedure. The Aditya Birla Mutual Funds that you purchase shall reflect on your Groww account in 3-4 business days.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.26% & 8.91%. The Aditya Birla Sun Life Medium Term Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Medium Term Fund is ₹1,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹1,891Cr |
| 1Y Returns | 7.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.14% & 9.54%. The Aditya Birla Sun Life Medium Term Plan Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Medium Term Plan Fund is ₹1,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹1,858Cr |
| 1Y Returns | 7.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.06% & 6.5%. The Aditya Birla Sun Life Dynamic Bond Retail Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Dynamic Bond Retail Fund is ₹1,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹1,694Cr |
| 1Y Returns | 7.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.14% & 6.77%. The Aditya Birla Sun Life Floating Rate Direct Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Floating Rate Direct Fund is ₹1,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹12,768Cr |
| 1Y Returns | 7.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.04% & 6.23%. The Aditya Birla Sun Life Money Manager Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Money Manager Fund is ₹1,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹22,895Cr |
| 1Y Returns | 7.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.75% & 5.34%. The Aditya Birla Sun Life Liquid Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Liquid Fund is ₹500 and for SIP, it is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹42,961Cr |
| 1Y Returns | 7.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.11% & 11.38%. The Aditya Birla Sun Life Financial Planning FoF Conservative Plan Fund comes under the Other category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Financial Planning FoF Conservative Plan Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹18Cr |
| 1Y Returns | 19.0% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.28% & 5.89%. The Aditya Birla Sun Life Arbitrage Fund comes under the Hybrid category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Arbitrage Fund is ₹1,000 and for SIP, it is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹12,062Cr |
| 1Y Returns | 8.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.27% & 7.56%. The Aditya Birla Sun Life Short Term Direct Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Short Term Direct Fund is ₹1,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹7,274Cr |
| 1Y Returns | 7.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.18% & 6.84%. The Aditya Birla Sun Life Low Duration Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Low Duration Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹12,149Cr |
| 1Y Returns | 7.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.02% & 7.9%. The Aditya Birla Sun Life Government Securities Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Government Securities Fund is ₹1,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹1,791Cr |
| 1Y Returns | 8.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.91% & 7.41%. The Aditya Birla Sun Life Corporate Bond Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Corporate Bond Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹21,330Cr |
| 1Y Returns | 7.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.77% & 6.87%. The Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme Fund comes under the Other category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme Fund is ₹100 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹13Cr |
| 1Y Returns | 7.1% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.7% & 7.19%. The Aditya Birla Sun Life Banking & PSU Debt Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life Banking & PSU Debt Fund is ₹1,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹10,059Cr |
| 1Y Returns | 7.1% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.35% & 4.78%. The Aditya Birla Sun Life Overnight Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹6,890Cr |
| 1Y Returns | 6.8% |
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