Exhaustive List of the Top Aditya Birla Sun Life Mutual Fund Schemes To Invest In
The financial journey in every individual’s life entails both expenditure and savings. However, through savings, there is no certainty of wealth appreciation in life. This goal of life has to be channelized through the ways of investment. The roots of investments are many, but the money market encourages the investor to initiate a bold step, that will help in a sizeable accumulation of wealth over the period. A mutual fund is a preferable option, which allows capital growth by fund diversification in securities like shares, bonds, debentures, and other assets. The professional fund manager handles the mutual fund portfolios, and these generate higher income than conventional investment options. Investors can consider investing in Aditya Birla Sun Life Mutual Fund. This company has a co-partnership between the Aditya Birla Group of India and Sun Life Financial Inc. of Canada and was established in the year 1994. There are four categories of funds in which the fund house deals, namely the debt funds, equity funds, income funds and ELSS funds.
Below Is The List Of The Top-Performing Aditya Birla Sun Life Mutual Fund Schemes:
Aditya Birla Sun Life Banking & Financial Services Fund
As the name suggests, this scheme is equity and equity-orientated, which invests mainly in companies securities connected with banking and financial services. The plan invests in products like banks, NBFC’s, rating agencies, insurance companies, brokage firms and others. Considering its past performances in the last five years, the funds have given 15% annualized returns. The funds mainly deal with the banking and financial sector, and investors can continue for around a couple of years beyond the period of 3-5 years since these investments perform better in the long-term. In India, this is one of the top-performing mutual funds in the banking sector from ABSL in 2019.
Aditya Birla Sun Life India GenNext Fund
This unusual mutual fund scheme targets the future generation of India. This is an equity-based plan of ABSL, which invests in companies that are expected to gain from the changing consumption pattern in India. In other words, it is getting accelerated by the disposable income of young earning professionals. Right from its inception days in 2005, this fund has outperformed with 16.5% annualized returns, and over the past 10 years, it has 16% annualized returns. The mutual fund is less volatile when compared to its given yardsticks.
Aditya Birla Sun Life Digital India Fund
This mutual fund by ABSL targets capital growth through a secondary income generation with investment in technology and technology-driven corporates. This scheme follows a bottom-up approach by stock picking, growth style of investment, and adopting a blend of value. When compared to its benchmarks, it is less volatile with a low beta of 0.68. It is advisable to invest in these types of funds for a short span of 3-5 years. However, investment for a couple of years can be considered if one expects that this sector will perform well.
Aditya Birla Sun Life MNC Fund
Investors can apply for Aditya Birla mutual fund which exclusively invests in top multinational companies to fulfill their long-term capital growth at an average level of risk. A section of the funds will also be invested in IPO and other primary market offerings. If we speak about its annualized returns in the inception years, it has outperformed and gave returns up to 20%. While in the last 10 years, the fund performed relatively well with an annualized returns of 17%. If anyone is looking to invest in MNC, then this is the right choice for investors.
Aditya Birla Sun Life Equity Fund
This mutual fund offers capital growth and regular investments through investments in significant routes of equities followed by debts. This investment prefers a bottom-up and downtown approach and a part of the schemes also invest in emerging sectors, IPOs and other primary market offerings. This fund has exceeded its performance and gave up to 22% annualized returns from genesis in 1998. Considering its performance in the last 10 years, this fund has performed well with annualized returns of 12%. The less volatility with a low beta of 0.98 makes it a good Multicap mutual fund plan from ABSL.
Aditya Birla Sun Life Tax Relief 96
This mutual fund scheme aims to provide tax relief with a long-term investment in equity-based assets of about 80%, and the remaining balance will be invested in money market and debt. In the year 1994, this scheme was converted into an open-ended structure. The stock selection follows a combination of a top-down and bottom-up approach. Speaking about its annualized returns in the inception years, it has outperformed and gave returns up to 24%. While during the last 10 years, the fund performed comparably well with annualized returns of 11%. The low beta of 0.93 indicates that it is less volatile compared to its benchmark. These funds should be targeted for short-term goals as the markets are highly volatile. A medium to longer duration is more feasible for better returns.
Mutual funds are ideal financial instruments as it allows an investor to purchase a basket of different investment securities. The Aditya Birla Sun Life mutual funds have an excellent CRISIL rating. Though, investors must pick the funds carefully, and look into the performance of fund managers before making any investment.