About The Mutual Fund Aditya Birla Sun Life

About The Mutual Fund Aditya Birla Sun Life

About The Mutual Fund Aditya Birla Sun Life

With 78.9 lakh client accounts, Aditya Birla Sun Life Mutual Fund (ABSLMF) is one of the biggest mutual fund firms in India. Following a joint venture between Aditya Birla Capital Limited and Sun Life AMC Investments, a financial services corporation with headquarters in Canada, the company was founded. Aditya Birla Sun Life AMC Limited (ABSLAMC), its investment manager, was founded in 1994. In addition, ABSLAMC is involved in real estate investments, alternative investment funds (AIFs), and portfolio management services.

As of December 31, 2023, the company's AUM was Rs 312,292.55 crore, or 6.11% of the AUM of the industry.

Birla Aditya 92 mutual fund plans are available from Sun Life AMC.

Thirteen loan schemes, forty-one equity schemes, thirteen hybrid schemes, and four other schemes (commodity schemes) are included.

Aditya Birla Sun Life Liquid Fund, Aditya Birla Sun Life Frontline Equity Fund, and Aditya Birla Sun Life Corporate Bond Fund are the top three schemes in terms of AUM.

As of September 30, 2023, Aditya Birla Sun Life AMC has 78.9 lakh investor folios and was present in over 290 locations nationwide.

Over 140,000 people work for the Fortune 500 business Aditya Birla Group in 100 different countries.

Required documentation for Aditya Birla Sun Life Mutual Fund investments

Documents for KYC (Know Your Customer) include identification and proof of residence. This is a list of officially recognized papers that are admissible (OVDs).

evidence of identity

PAN Card (Required)

driver's license and voter ID card

Proof of address: Passport, Aadhar card, or any other valid identification card issued by the Central or State Government

driver's license and voter ID card

Magazine Passport Rationale

the Aadhar card

A bank passbook or statement of accounts

Utility bills, such those for gas or electricity,

While these are some of the common lists of papers, filing each of them is a challenging procedure that might cause your investment plan to be delayed. Here's where ET Money offers you a quick and paperless answer.

Uploading photos of your identification and proof of residence will allow you to complete your KYC in less than two minutes. PAN and Aadhaar, voter ID, a driver's license or passport, your signature, a selfie, and a live video attesting to your identity are all included in this. The short KYC application process offered by ET Money simplifies and eases investing.

Since government-certified organizations do the verification, it takes around three to five business days.

How can I invest in mutual fund schemes offered by Aditya Birla Sun Life?

You may use any of the following methods to invest in ABSL Mutual Fund schemes:

1. Via the official website

2. By use of a distributor

3. Using the ET Money Platform

Birla Aditya You may make both offline and online investments with Sun Life AMC. Should you be a novice investor, you may get the application on the business's website and turn it in at the company's branch office. You may purchase it on the Fund House website if your KYC is accurate. Now, this might be a laborious procedure to go through for each AMC if you wish to invest in several mutual fund schemes. Furthermore, you won't get all the information about your investments on a single site.

Investing via a distributor is an additional option. However, the fee paid to a distributor will reduce your earnings if you invest via them.

Using the ET Money platform is a very easy, efficient, and successful method to invest in the plans of Aditya Birla Mutual Fund or any other fund firm.

All you need to do to begin investing in different AMCs' schemes is to register once. Because ET Money is a direct investing platform, you have access to a variety of Aditya Birla Sun Life Mutual Fund plans, all at the lowest cost ratio. On ET Money, you may also monitor your current portfolio. It's lot simpler to keep track of and make more educated choices when you can see all of your assets, both new and old, in one location.

In addition to the aforementioned, the ET Money investing platform offers helpful information on previous performance of funds, return stability, protection from downside, fund history, fee ratio, exit load, and other pertinent factors.

How to Use ET Money to Invest in Mutual Funds

Enroll using an OTP and email address.

Choose a Fund. Input the sum of the investment. Select between SIP and lump sum investments.

Check your mobile number, PAN, and full name.

Choose a payment option and input bank account information. If SIP is involved, create a mandate.

Participate in the KYC process by taking a live video and a selfie. Give the necessary information and electronic signature.

Transactions are completed when KYC documentation is verified.

Details of Customer Service

If you have any questions about any of the schemes that Aditya Birla Sun Life Mutual Fund offers, please send an email to the following address:

One World Centre, Tower 1, 17th Floor, Jupiter Mill Compound, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013 is the registered address. Hours of the Branch: 9 AM to 6 PM

Send NA an email

Best Managers of Aditya Birla Sun Life Funds

Co-Chief Investment Officer Shiva Patil

Co-Chief Investment Officer (Equity) is Mr. Mahesh Patil. He began investing in Aditya Birla Sun Life Mutual Fund in 2005 and has 27 years of total experience. He was then elevated to the position of Co-Chief Investment Officer (Equity) in 2008. In the equities market, he now oversees a group of twenty knowledgeable analysts and fund managers who together handle substantial sums of money totaling Rs 92,000 crore via Birla Sun Life SIP and Birla Sun Life One Time Investment.

Mr. Patil received his engineering degree from Mumbai's VJTI and his MBA in finance from Mumbai's Jamnalal Bajaj Institute. He also has a charter from Hyderabad's ICFAI. He thus holds funds like Aditya Birla Sun Life Focused equities Fund, Aditya Birla Sun Life Frontline Equity Fund, Aditya Birla Sun Life Equity Hybrid '95, and Pure Value Fund since he is an equities expert.

Purchasing Aditya Birla Sun Life AMC plans is it safe to do so?

Being governed by SEBI, one of the biggest AMCs in the nation, guarantees the safety of investors. On the other hand, security completely relies on your definition of it. No AMC can provide capital protection when it comes to market-linked assets like mutual funds. You are able to assess and choose the fund based on your needs.

For short-term investing, which ABSL mutual fund strategy is the best?

Debt funds are better suited for shorter tenures, which typically comprise investments up to three years. You may align your investment horizon with the fund's typical portfolio maturity. For instance, you may want to think about an overnight fund if you want to invest for a short period of time. Liquid funds are also better suited for holdings lasting up to three months, and so on.

Are mutual fund programs offered by Aditya Birla Sun Life tax-free?

Capital gains tax is imposed on earnings from investments made in Aditya Birla Sun Life Mutual Funds. Depending on the kind of plan and the length of time it is held, certain taxes may apply. To have a better understanding of mutual fund taxes, refer to the table below:

Kind of mutual fund plan

duration of holding

Capital gains tax type

monetary obligation

debt-focused

less than 36 months

short-term capital gains tax

Which range does your income fall into, based on the income tax slab?

debt-focused

more than 36 months

long-term capital gains tax

20% when indexing is used

equity-focused

<12 months

short-term capital gains tax

15%

equity-focused

More than a year

long-term capital gains tax

10% if the sum is more than Rs 1 lakh.

How can I terminate my current SIP in the ABSL Mutual Fund Scheme?

You must go to the Aditya Birla Sun Life Mutual Fund's official website or the online investing provider where you created the SIP mandate in order to terminate your current SIP. To cancel an investment, log in to your account and choose the desired investment. To end SIP, adhere to the instructions. You may also make the SIP shutdown request in person at the AMC branch.

On the ET Money app or website, click the profile symbol and choose SIP/MySIP.

All of the active SIPs are included in this section.

Any SIP may be clicked to provide a deeper view.

Clicking the three dots in the upper right corner will bring you to the Modify SIP panel.

The "Cancel this SIP" option will be shown to you below.

When you click it, an OTP will be sent to you.

Following the right OTP entry, SIP will be terminated.

How can I get a statement for the Aditya Birla Sun Life Mutual Fund?

To get a statement, one way to do so is to visit the Aditya Birla Sun Life AMC website. Additionally, you may send a request for consolidated statements by visiting Kfintech or CAMS online.

It is preferable to get statements on ET Money. On ET Money, the technology generates a personalized dashboard upon receiving your request for a statement. You may connect into ET Money at any time to see your whole portfolio.

Hover your cursor over the profile symbol in the upper right corner of the page after registering. Choose the option "Track External Mutual Fund" from the drop-down menu. After completing the next steps, you will be able to access your portfolio on the ET Money platform. This is a one-time undertaking. Log in to ET Money any time you wish to monitor or review your portfolio, and a dashboard detailing the performance of your whole portfolio will appear.

How may I raise the ABSL Mutual Fund SIP amount?

Step-up SIP is an option that allows you to raise your SIP amount when you start a new investment. This function lets you periodically raise the investment amount at a predetermined pace. You will have to start a new SIP for the additional amount you want to invest if you haven't registered in this option.