All About Aditya Birla Sun Life Mutual Fund and its Best Schemes

Created by MySIPOnline
On Mar 19, 2019
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Aditya Birla Sun Life Mutual Fund is one of the role models of emerging AMCs in India as it provides various investment options to different category of investors. It was established in 1994 and was formerly known as Birla Sun Life Mutual Fund. With the total Assets Under Management (AUM) of Rs. 2,49,269.92 crore as on Jun-30-2018, Aditya Birla Sun Life Mutual Fund is the 3rd largest fund house in India considering domestic average AUM. The company, which is a joint venture between Sun Life Financial Inc. of Canada and Aditya Birla Group, has nearly 6.4 million investors’ folios as on 30th June 2018. 

It offers various mutual fund schemes based on different investment requirements including equity, debt and hybrid. Further, this AMC has a dedicated team of research analysts to track the performance of various companies and industries to invest. 

Mission of Aditya Birla Sun Life MF:

It was set up with an objective to increase the wealth of investors and establish itself as a role model in the industry of integrated financial services. With the dedicated team of financial experts, it follows the fundamental approach in identifying the companies with good track records to invest in for a long-term horizon. 

About the Partners:

Aditya Birla Group is partnered with Sun Life Financial Group to provide mutual fund services under ABSL Mutual Fund. Coming to Sun Life Financial Group, it has 150 years of experience in providing financial services to individuals and corporate customers, internationally. It had assets under management of USD 846 billion as on Sep 30, 2015, and has various other partners who have a strong presence in the international market. 

Another partner, Aditya Birla Group is listed in the Fortune 500. It is the corporation with 1,30,000 employees and a net worth of USD 12 billion as on 13 Feb 2018. Continuing with the expertise, it is delivering services in more than 26 countries across America, Australia, Europe, and Asia. 

Investment Options:

Birla Sun Life Mutual Fund invests in equity, debt, and mixture of both the instruments and offers various products based on them. Here are the investment options offered by the AMC:

  • Savings Schemes: These schemes save money of the investors and offer higher returns than those of savings bank deposits and FDs.
  • Wealth Creation Schemes: Wealth creation schemes invest in various equity investment options and are suitable for moderate to aggressive investors. 
  • Regular Income Generating Schemes: ABSL MF offers conservative schemes which invest in certain instruments to generate regular income for investors. 
  • Tax Saving Products: These funds invest in equity instruments where investors can save on taxes up to some extent. 

Best Schemes of Aditya Birla Sun Life Mutual Fund:

Overall, Aditya Birla Sun Life Mutual Fund is a fund house which is operating since 1994 and has a prominent presence in the market. It offers various schemes across different classes for investors. You can choose from the above-mentioned schemes of Aditya Birla Mutual Fund and start investing in them according to your preference. Moreover, you can take assistance from the financial experts in deciding the suitable scheme for you from the list as well. 

This article explains all about Aditya Birla Sun Life Mutual Fund and its objective along with a list of the best schemes of the AMC.