Aditya Birla Sun Life Asset Management Company Ltd. was formerly known as Birla Sun Life Asset Management Company Limited, is an investment managing company registered with the Securities and Exchange Board of India abbreviated as SEBI.

It is a joint venture between the Aditya Birla Group of India and the Sun Life Financial Inc. of Canada. The company offers sector specific equity schemes, fund of fund schemes, hybrid and monthly income funds, debt and treasury products and offshore funds and is very old and reputed in the mutual fund business.

Read More: Top 10 Mutual Fund Houses in India

Best Aditya Birla Mutual Fund:

1) Aditya Birla Sun Life Tax Relief

Category: Equity Tax ELSS funds

ELSS funds : An Equity Linked Savings Scheme (ELSS) is a mutual fund which invest primarily in equity market giving you higher interest rate. ELSS is specially created to give taxpayers the dual benfit of saving taxes under Sec 80C with the lowest lock-in period.

Essential things to know about Aditya Birla Sun Life Tax Relief:

Risk: Moderately High

Min SIP Amount: ₹500

Returns: 1 Year-28.66% per annum; 3 Year-12.35% per annum; 5 Year-21.92% per annum

Returns since Launch: 25.64% 

2) Aditya Birla Sun Life Small and Mid cap fund:

Category: Equity Mid cap

Equity Mid cap funds are the ones which invest in shares of the companies with medium level of market capitalization which means that companies which have a huge potential in the future.

Essential things to know about Aditya Birla Sun Life Small and Mid cap fund

Risk: High

Min SIP Amount: ₹1000

Returns: 1 Year-30.95% per annum; 3 Year-20.17% per annum; 5 Year-27.59% per annum

Returns since Launch:14.27%

3) Aditya Birla Sun Life Short term Fund:

Category: Debt Short Term

Debt funds mainly invest in debts and fixed income securities such as corporate bonds, treasury bills, money market securities, government securities etc.

Essential things to know about Aditya Birla Sun Life Short term Fund

Risk: Low

Min SIP Amount: ₹1000

Returns: 1 Year-6.31% per annum; 3 Year-8.28% per annum; 5 Year-8.89% per annum

Returns since Launch: 9.39%

4) Aditya Birla Sun Life MIP II Wealth 25:

Category: Debt MIP

Monthly Income Plans abbreviated as MIPs invests most of their corpus in debt funds and an estimated 15-32% in stocks. Due to presence of stocks returns are a bit volatile in case of MIPs.

Essential things to know about Aditya Birla Sun Life MIP II Wealth 25

Risk: Moderate

Min SIP Amount: ₹1000

Returns: 1 Year-8.32% per annum; 3 Year-9.37% per annum; 5 Year-12.96% per annum

Returns since Launch: 10.21%

5) Aditya Birla Sun Life Medium Term Plan:

Category: Debt Credit Opportunities

Credit opportunities funds or CROP funds are the ones that invest in debt securities that have an investment grade rating lower than AAA. Since the rating is lower, the issuer is supposed to give higher returns as compared to other securities, so there’s a good potential here to earn more money.

Essential things to know about Aditya Birla Sun Life Medium Term Plan

Risk: Low

Min SIP Amount: ₹1000

Returns: 1 Year-7.43% per annum; 3 Year-8.9% per annum; 5 Year-9.82% per annum

Returns since Launch: 9.1%

6) Aditya Birla Sun Life India Gen Next Fund:

Category: Equity Sector

Equity Sector means that investors invest in stocks of companies, willing to take risks and expecting better returns

Essential things to know about Aditya Birla Sun Life India Gen Next Fund

Risk: Moderately High

Min SIP Amount: ₹1000

Returns: 1 Year-21.37% per annum; 3 Year-13.01% per annum; 5 Year-20.23% per annum

Returns since Launch: 17.76%

7) Aditya Birla Sun Life Treasury Optimizer:

Category: Debt Dynamic

It is a type of debt dynamic fund. It is a type of fund in which asset managers properly time the markets to get the insight of interest rates and in turn can switch between long term and short term duration bonds to prevent the losses arising due to interest rate risks.

Essential things to know about Aditya Birla Sun Life Treasury Optimizer

Risk: Low

Min SIP Amount: ₹1000

Returns: 1 Year-6.17% per annum; 3 Year-8.36% per annum; 5 Year-9.51% per annum

Returns since Launch: 8.68%

Happy investing!

Disclaimer: the views expressed here are those of the author and do not reflect those of Groww.