Aditya Birla Sun Life Savings Direct Dividend Daily is a Debt Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Sunaina da Cunha, Kaustubh Gupta is the Current Fund Manager of Aditya Birla Sun Life Savings Direct Dividend Daily.The fund currently has an Asset Under Management(AUM) of ₹14,739 Cr and the Latest NAV as of 18 Oct 2019 is ₹100.38.
The Aditya Birla Sun Life Savings Direct Dividend Daily is rated Moderately Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 1000. Nil.
Investment Objective
The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions,invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.
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