Aditya Birla Sun Life Mutual Fund established in the year 1994, is co-sponsored by Sun Life AMC Investments Inc. and Aditya Birla Capital Limited (ABCL). The investment manager of ABSL MF (Erstwhile B...
Aditya Birla Sun Life Mutual Fund established in the year 1994, is co-sponsored by Sun Life AMC Investments Inc. and Aditya Birla Capital Limited (ABCL). The investment manager of ABSL MF (Erstwhile Birla Sun Life Mutual Fund) is Aditya Birla Sun Life Asset Management Company (Erstwhile Birla Sun Life Asset Management Company Limited) which is a joint venture between Sun Life Financial Inc. of Canada and Aditya Birla Group. Aditya Birla Sun Life MF believes in reaching every household and encouraging people to invest their money; it is the result of this belief that it has reached a network of 150 branches along with other distribution channels.
Currently, it has a number of schemes under different categories which include Equity Funds, Debt Funds, Hybrid Funds, etc. In the following article, you will get to read about different schemes launched by ABSL under Hybrid Funds. Hybrid Funds are basically those schemes that invest in a mixture of stocks that includes equity, equity related instruments, debt and money market instruments. Following are its hybrid schemes:
Aditya Birla Sun Life Equity Hybrid’95 Fund (G)- Aggressive Hybrid
This is an aggressive hybrid scheme which means that it predominantly invests in equity and equity related instruments to generate long-term capital appreciation. It also aims to provide income and dividend distribution through investment in debt and money market instruments. This open-ended scheme was launched on February 09th, 1995 and is currently managed by Mr. Mahesh Patil, Mr. Pranay Sinha and Mr. Dhaval Shah. If you wish to invest in this scheme, then you may do so with minimum amount of Rs. 1000. In case you switch out the units withing one year of investment, then you will have to incur 1% as exit load. Formerly known as Aditya Birla Sun Life Balanced’95 Fund, its net asset value as on July 31st, 2018 was Rs. 762.49.
Aditya Birla Sun Life Balanced Advantage Fund (G)- Balanced Advantage
Launched on April 24th, 2000, this scheme by Aditya Birla MF invests in a portfolio consisting of dynamically balanced mixture of stocks which are selected keeping in mind the volatility associated with them. The minimum investment amount with which you may invest in this scheme is Rs. 1000. This scheme is currently managed by Mr. Vineet Maloo and Mr. Mohit Sharma. This is an open-ended scheme that provides balanced advantage in the form of capital growth and adjusted risk. In case you redeem the units within one year of investment, you will have to pay 1% as exit load. The net asset value of this scheme is Rs. 51.01 as on July 31st, 2018 and the assets under management are Rs. 3245 crores as on June 30th, 2018.
Aditya Birla Sun Life Regular Savings Fund (G)- Conservative Hybrid
Launched on May 21st, 2004, this scheme invests predominantly in debt and money market instruments with investment duration being medium to long-term. It also invests some portion of the total assets in equity and equity related instruments. This open-ended scheme is jointly managed by three fund managers who are Mr. Pranay Sinha, Mr. Satyabrata Mohanty, and Mr. Vineet Maloo. The minimum investment amount in this scheme is Rs. 1000. You will become liable to pay 1% as exit load, in case you redeem within one year of investment. Formerly known Aditya Birla Sun Life MIP II Wealth 25 Fund, the net asset value of this scheme is Rs. 38.9562 as on July 31st, 2018 which has increased by 0.11%.
To enjoy the returns of an investment made in a mixture of stocks, you may invest in the above hybrid schemes by Aditya Birla Sun Life Mutual Fund. If you need any help regarding the investment, consult the financial advisor.