Aditya Birla Sun Life Savings Fund-Regular - DAILY IDCW

Aditya Birla Sun Life Savings Fund-Regular - DAILY IDCW is a scheme launched by Aditya Birla Sun Life Mutual Fund on June 05, 2007, and falls under the Ultra Short Duration fund category. It currently manages an AUM of Rs 21,438.83 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 0.55% 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-Regular - DAILY IDCW trailing returns over different times are 0.25% (1 year), 0.17% (3 year) and -0.06% (5 year). The average annual return of this fund stands at 0.25%.