Aditya Birla Sun Life Floating Rate Direct Fund Growth is a Debt Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Kaustubh Gupta is the Current Fund Manager of Aditya Birla Sun Life Floating Rate Direct Fund Growth.The fund currently has an Asset Under Management(AUM) of ₹8,715 Cr and the Latest NAV as of 17 Jan 2020 is ₹248.93.
The Aditya Birla Sun Life Floating Rate Direct Fund Growth is rated Moderately Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 1000. Nil.
Investment Objective
The primary objective of the Scheme is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The scheme may invest a portion of its net assets in fixed rate debt securities and money market instruments. The scheme will endeavour to minimise interest rate risk.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹1000
Min for First Investment
₹1000
Min for Second Investment