Aditya Birla Sun Life Savings Fund-Retail Growth

Aditya Birla Sun Life Savings Fund-Retail Growth is a scheme launched by Aditya Birla Sun Life Mutual Fund on November 27, 2001, and falls under the Ultra Short Duration fund category. It currently manages an AUM of Rs 21,521.3 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 5000. It charges an expense ratio of 0.55% for managing the portfolio.

• Investing Strategy:

  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.

• Performance:

  Aditya Birla Sun Life Savings Fund-Retail Growth trailing returns over different times are 7.9% (1 year), 7.4% (3 year) and 6.14% (5 year). The average annual return of this fund stands at 5.38%.