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Aditya Birla Sun Life Mutual Fund

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) exceeding Rs. 2,423 Crore as per the data released by Association of Mutual Funds of India as of December 31, 2019.

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.

Out of the 83.2 million folios, ABSLMF alone manages over 6.8 million as of December 2018. They have a pan-India presence spread across 269 locations, which includes metropolises and small towns alike. Their agent network is over 200,000 strong along with 17,000 full-time employees.

ABSLMF takes an active approach in making 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 include sector-specific equity options, treasury and debt products, fund of fund schemes and hybrid income funds, to name a few.

List of undefined in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Aditya Birla Sun Life Asset Allocator FoF FundOtherHigh5.9%5₹116
Aditya Birla Sun Life Short Term Direct FundDebtModerate3.9%5₹7,640
Aditya Birla Sun Life Corporate Bond FundDebtLow to Moderate3.0%5₹15,360
Aditya Birla Sun Life Low Duration FundDebtModerate4.1%5₹14,540
Aditya Birla Sun Life Money Manager FundDebtModerate3.7%5₹16,159
Aditya Birla Sun Life CRISIL AAA Jun 2023 Index FundOtherLow to ModerateN.A5₹436
Aditya Birla Sun Life Financial Planning FoF Conservative Plan FundOtherModerately High4.5%4₹14
Aditya Birla Sun Life Government Securities FundDebtModerate1.8%4₹1,108
Aditya Birla Sun Life Income FundDebtModerate2.0%4₹1,594
Aditya Birla Sun Life Banking & PSU Debt FundDebtModerate3.2%4₹10,941
Aditya Birla Sun Life Savings FundDebtModerate3.9%4₹16,314
Aditya Birla Sun Life Liquid FundDebtModerate3.5%4₹34,891
Aditya Birla Sun Life Overnight FundDebtLow3.4%4₹12,057
Aditya Birla Sun Life India GenNext Direct FundEquityVery High9.7%3₹2,619
Aditya Birla Sun Life Gold Direct FundOtherHigh3.6%3₹271
View All

Key information about Aditya Birla Capital Ltd. & Sun Life (India) Investments Inc.

Mutual fund nameAditya Birla Sun Life Mutual Fund
Asset management company nameAditya Birla Capital Ltd. & Sun Life (India) Investments Inc.
Founded23 December 1994
AMC Incorporation Date05 September 1994
Sponsor nameAditya Birla Capital Ltd. & Sun Life AMC Investments Inc.
Trustee organisationAditya Birla Sun Life Trustee Private Limited
ChairmanKumar Mangalam Birla
MD and CEOA. Balasubramanian
Compliance OfficerMs. Hemanti Wadhwa
Investor Service OfficerKeerti Gupta

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How can you invest in ?

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.

Top Fund Managers

1. Mr. Satyabrata Mohanty

Mr. Satyabrata Mohanty is the Head of Mixed Assets at ABSLMF. A chartered accountant by training, Mr. Mohanty has been associated with the Aditya Birla for over 20 years. He joined the organisation in 1998 as a management trainee and has since then served it in various capacities. He moved over to their asset management division, where he became a co-head in 2003. His equity management career began in 2009 in the same organisation, and his career trajectory has been an upward curve ever since.

During various points in his tenure, Mr. Mohanty has managed Advantage Funds, Dividend Yield Plus, India Reforms and Special Situations Funds. His most preferred investments are in companies which show a robust growth pattern (CAGR of 20% and above) over a long period. Banking and financial service have traditionally been his favourite areas of investment.

Mr. Mohanty has managed some of the most high-performing funds at Birla Mutual Fund such as Aditya Birla Sun Life Advantage Fund, Aditya Birla Sun Life India Reforms Fund, Aditya Birla Sun Life Special Situations Fund and Aditya Birla Sun Life Dividend Yield Plus Fund.

2. Mr. Maneesh Dangi

Mr. Maneesh Dangi is the Co-Chief Investment Officer at ABSLMF, heading the Fixed Income Investment division of the company. Mr. Dangi, an MBA in Finance and FRM, has been associated with the firm since January 2006.

Before joining the Aditya Birla Group, Mr. Dangi was the Head of Fixed-Income Investment Consultancy and Merchant Banking at Pioneer Investcorp. With an experience spanning over two decades, he has pulled off some of the most impressive investment portfolios at ABSLMF, where he managed a team of 22 analysts and fund managers who collectively manage funds worth over Rs. 1.5 Lakh Crore.

Mr. Dangi manages 19 schemes worth more nearly Rs. 44,000 Crore. His impressive investment portfolio comprises of Aditya Birla Sun Life Credit Risk Fund, Aditya Birla Sun Life Short Term Opportunities Fund, Aditya Birla Sun Life Corporate Bond Fund, and Aditya Birla Sun Life Banking & PSU Debt Fund.

3. Mr. Mohit Sharma

A PGDCM holder from the prestigious Indian Institute of Management- Calcutta, Mr. Mohit Sharma is associated with Birla Sun Life Mutual Funds since October of 2015. Before joining the Birla-led AMC, Mr. Sharma used to run his private health-tech business since 2012. His career started with a one-year stint at Irevna Ltd. (a subsidy of credit report company CRISIL) as an Equity Research analyst. He has also served multiple stints at leading financial institutions in the country such as Standard Chartered Bank (2007-2011), and ICICI Bank Ltd. (2006-2007).

At ABSLMF, Mr. Sharma has been involved in managing funds most of which have returned over 8% YoY. His portfolio of fund management comprises of Aditya Birla Sun Life Balanced Advantage Fund, Aditya Birla Sun Life Low Duration Fund, Aditya Birla Sun Life Fixed Term Plan and ABSL Money manager Fund, among others.

4. Mr. Dhaval Gala

Mr. Dhaval Gala, a former student of the N.L. Dalmia Institute of Management Studies & Research with a Post Graduate Degree in Business Management (Finance), is one of the most dynamic fund managers at Aditya Birla Mutual Funds. Prior to his association with the AMC, Mr. Gala had gained considerable experience at leading financial companies like J.P. Morgan Chase India and B&K Securities.

At ABSLMF, Mr. Gala heads the Birla Sun Life Banking & Financial Services Funds division along with his senior colleague, Mr. Satyabrata Mohanty. He manages a total AuM of nearly Rs. 1,900 Crore.

5. Ms. Sunaina da Cunha

Ms. Sunaina de Cunha has been one of the most consistent employees of Aditya Birla Sun Life Mutual Funds since 2004. Ms. Cunha started her career at Aditya Birla Group after obtaining her CFA Charter Holder from CFA Institute in Virginia. She also went to FMS, Delhi from where she earned a master’s degree in Business Administration.

Ms. Cunha’s portfolio of funds is impressive, to say the least. She manages 13 schemes with a cumulative AuM of over Rs. 91,000 Crore. Among several others, she manages the following funds- Aditya Birla Sun Life Liquid Fund, Aditya Birla Sun Life Savings Fund, and Aditya Birla Sun Life Credit Risk Fund.

6. Mr. Pranay Sinha

Mr. Pranay Sinha has the distinction of attending both IIT-Kharagpur and IIM-Calcutta, from where he obtained his PGDM in Finance. Mr. Sinha has a rich corporate experience of over 13 years, over a decade out of which is in Fund Management and Currency Trading.

Mr. Sinha joined ABSLMF back in 2014 and quickly made his way to the top of the chain by managing some of the most profitable funds. Prior to his association with ABSLMF, he had worked in various capacities at major companies like BNP Paribas Bank, ICICI Prudential Asset Management Company Limited and Morgan Stanley Investment Management Pvt. Ltd.

At ABSLMF, Mr. Sinha overlooks 20 schemes with a new AuM of over Rs. 21,500 Crore.

7. Mr. Kaustabh Gupta

A chartered accountant and CFA by qualification, Mr. Kaustabh Gupta is one of the sharpest financial brains at Aditya Birla Sun Life Mutual Fund. As a senior fund manager, Mr. Gupta has managed some of the most consistent schemes at ABSLMF. He brings with himself 14 years of rich experience, working in different domains such as liquidity management, treasury finance, and fund management. Mr. Gupta was previously a part of the Asset Liability Management team at ICICI bank before leaving the post to join ABSLMF in 2009.

Mr. Gupta is now responsible for managing 24 schemes with a cumulative AuM in excess of Rs. 1.29 Lakh Crore. Among his highest grossing schemes are Aditya Birla Sun Life Government Securities Fund, Aditya Birla Sun Life Corporate Bond Fund, Aditya Birla Sun Life Banking & PSU Debt Fund and Aditya Birla Sun Life Short Term Opportunities Fund.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

Aditya Birla Sun Life Asset Allocator FoF Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.93% & 10.12%. The Aditya Birla Sun Life Asset Allocator FoF 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 Asset Allocator FoF Fund is ₹1,000 and for SIP, it is ₹1,000.

Min Investment Amt₹1,000
AUM₹116Cr
1Y Returns5.9%

Aditya Birla Sun Life Short Term Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.75% & 7.57%. 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₹7,640Cr
1Y Returns3.9%

Aditya Birla Sun Life Corporate Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.52% & 7.45%. 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₹15,360Cr
1Y Returns3.0%

Aditya Birla Sun Life Low Duration Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.62% & 7.15%. 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₹14,540Cr
1Y Returns4.1%

Aditya Birla Sun Life Money Manager Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.6% & 6.46%. 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₹16,159Cr
1Y Returns3.7%

Aditya Birla Sun Life CRISIL AAA Jun 2023 Index Fund Direct Growth

Fund Performance: The Aditya Birla Sun Life CRISIL AAA Jun 2023 Index 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 CRISIL AAA Jun 2023 Index Fund is ₹500 and for SIP, it is ₹500.

Min Investment Amt₹500
AUM₹436Cr
1Y ReturnsNA

Aditya Birla Sun Life Financial Planning FoF Conservative Plan Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.52% & 7.9%. 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₹14Cr
1Y Returns4.5%

Aditya Birla Sun Life Government Securities Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.98% & 7.31%. 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₹1,108Cr
1Y Returns1.8%

Aditya Birla Sun Life Income Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.85% & 7.02%. The Aditya Birla Sun Life Income 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 Income Fund is ₹1,000 and for SIP, it is ₹1,000.

Min Investment Amt₹1,000
AUM₹1,594Cr
1Y Returns2.0%

Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.51% & 7.35%. 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₹10,941Cr
1Y Returns3.2%

Aditya Birla Sun Life Savings Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.89% & 6.64%. The Aditya Birla Sun Life Savings 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 Savings Fund is ₹1,000 and for SIP, it is ₹1,000.

Min Investment Amt₹1,000
AUM₹16,314Cr
1Y Returns3.9%

Aditya Birla Sun Life Liquid Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.34% & 5.5%. 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 ₹500.

Min Investment Amt₹500
AUM₹34,891Cr
1Y Returns3.5%

Aditya Birla Sun Life Overnight Fund Direct Growth

Fund Performance: The Aditya Birla Sun Life Overnight Fund comes under the Debt category of Aditya Birla Sun Life Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹5,000
AUM₹12,057Cr
1Y Returns3.4%

Aditya Birla Sun Life India GenNext Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.68% & 13.52%. The Aditya Birla Sun Life India GenNext Direct Fund comes under the Equity category of Aditya Birla Sun Life Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Aditya Birla Sun Life India GenNext Direct Fund is ₹1,000 and for SIP, it is ₹1,000.

Min Investment Amt₹1,000
AUM₹2,619Cr
1Y Returns9.7%

Aditya Birla Sun Life Gold Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.85% & 10.55%. The Aditya Birla Sun Life Gold Direct 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 Gold Direct Fund is ₹100 and for SIP, it is ₹100.

Min Investment Amt₹100
AUM₹271Cr
1Y Returns3.6%

FAQs on Aditya Birla Sun Life Mutual Fund

How to Start Aditya Birla Sun Life Mutual Fund SIP Online?

One can start investing in Aditya Birla Sun Life Mutual Fund online through Groww without any hassles. Alternatively, they can also invest through the respective fund houses’ website. One can also make use of any other online platform or mobile application to invest in Aditya Birla Sun Life Mutual Funds.

How to Calculate Aditya Birla Sun Life Mutual Fund SIP?

To calculate Aditya Birla Sun Life Mutual Fund SIP, one needs to take into account certain things such as:

  1. the investment amount
  2. the tenure of SIP
  3. the number of your Aditya Birla Sun Life Mutual Fund SIPs (if there's any) already paid
  4. expected interest rate

How to redeem Aditya Birla Sun Life Mutual Fund?

To redeem Aditya Birla Sun Life Mutual Funds through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their Aditya Birla Sun Life Mutual Fund investments from any online portal where they have invested.

How to increase SIP amount in axis mutual fund?

An Aditya Birla Sun Life Mutual Fund sip amount can be increased with the help of Step-up or top-up SIPs. Earlier, this facility was provided by very few fund houses. Now, however, most of them offer it but it is advisable to check with the fund house first. If the facility is available, it is advisable to check with Step-up Calculator to calculate the SIP Amount and then take any decision.

How to stop a SIP in an Aditya Birla Sun Life Mutual Fund online?

Yes, you can stop your SIP online at any time by just placing a Cancel SIP request. To stop or cancel your SIP, you can either log in to the Aditya Birla Sun Life Mutual Funds website with a folio number or contact your agent or check the steps on the online investment platform where you have invested.

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