Aditya Birla Sun Life Floating Rate Fund-Regular Plan-Growth

Aditya Birla Sun Life Floating Rate Fund-Regular Plan-Growth is a scheme launched by Aditya Birla Sun Life Mutual Fund on March 30, 2009, and falls under the Floater fund category. It currently manages an AUM of Rs 13,506.69 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 1000. It charges an expense ratio of 0.43% for managing the portfolio.

• Investing Strategy:

  To generate regular income through investments in a portfolio comprising substantially of floating rate debt/money market instruments.

• Performance:

  Aditya Birla Sun Life Floating Rate Fund-Regular Plan-Growth trailing returns over different times are 8.07% (1 year), 7.62% (3 year) and 6.34% (5 year). The average annual return of this fund stands at 5.64%.