Aditya Birla Sun Life Savings Fund-Retail Growth

Aditya Birla Sun Life Savings Fund-Retail Growth is a fund scheme from Aditya Birla Sun Life mutual fund. It falls under a Ultra Short Duration category. After being launched on 2001-11-27. Aditya Birla Sun Life Savings Fund-Retail Growth has achieved Rs 16797.94 Crores worth of assets under management (AUM). It allows minimum SIP of Rs 1000 and lumpsum of Rs 5000 to start the investment. The expense ratio of this fund is 0.55%.

• 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), 7.18% (3 year), 6.28% (5 year). The average annual return of this fund stands at 7.9%

• Fund Manager & Portfolio Allocation:

  Sunaina da Cunha, Kaustubh Gupta, Monika Gandhi, Dhaval Joshi are the current fund managers of this mutual fund. The fund has a majority of its money invested in the top 5 sectors such as , Sectors. First five holdings of this fund are National Housing Bank 7.83%, Shriram Finance Company Limited, Nirma Limited, 364 DTB, National Housing Bank, Net Receivables / (Payables), JSW Energy Limited, Ongc Petro Additions Limited, Canara Bank, Canara Bank Companies.