Aditya Birla Sun Life Dividend Yield Fund Direct Growth is a Equity Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Satyabrata Mohanty, Vineet Maloo is the Current Fund Manager of Aditya Birla Sun Life Dividend Yield Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹753 Cr and the Latest NAV as of 24 Jan 2020 is ₹178.52.
The Aditya Birla Sun Life Dividend Yield Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 1000. Exit load of 1% if units in excess of 15% are redeemed or switched-out within 1 year.
The investment objectives of the scheme are to provide capital growth and income by investing primarily in well diversified portfolio of dividend paying companies that have a relatively high dividend yield.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 1% if units in excess of 15% are redeemed or switched-out within 1 year