Fund Details
Aditya Birla Sun Life MIP Direct Growth
| Risk | Moderate |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 1.59% |
| NAV | ₹46.75 (01 Jun 2018) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹92 Cr |
Returns
Comparison
1. 3Y Returns are higher than the category average returns
2. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. Higher expense ratio - 1.59%
4. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 28.3% |
| GOI | Sovereign | GOI Sec | 17.1% |
| GOI | Sovereign | GOI Sec | 15.8% |
| IL&FS Tamil Nadu Power Company Ltd. | Engineering | Debenture | 11.9% |
| SD Corporation Pvt Ltd. | Construction | Debenture | 10.4% |
| Sterlite Power Grid Ventures Ltd. | Engineering | Debenture | 5.8% |
| Jharkand Road Projects Implementation Co. Ltd. | Construction | Debenture | 1.5% |
| National Thermal Power Corp. Ltd. | Energy | Bonds/NCD | 0.0% |
Fund Managers
Aditya Birla Sun Life MIP Direct Growth Details
Aditya Birla Sun Life MIP Direct Growth is a Hybrid Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Sunaina da Cunha is the Current Fund Manager of Aditya Birla Sun Life MIP Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹92 Cr and the Latest NAV as of 01 Jun 2018 is ₹46.75.
The Aditya Birla Sun Life MIP Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 1000. Exit load of 1% if redeemed within 365 days.
Investment Objective
The scheme primarily seeks regular monthly income and also aims at capital growth with a predominant exposure to debt and money market instruments. The fund invests in a mix of high quality fixed income securities and a small portion in equities ( a maximum of 15%).
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.
