Aditya Birla Sun Life Mutual Fund (ABSLMF) is a joint-venture company co-sponsored by the Indian company, Aditya Birla Capital Limited and Canada-based Sun Life AMC Investments, Inc.
Established in 1994, ABSLMF was previously named Birla Sun Life Asset Management Company Limited and has successfully completed 25 years in the Indian finance market.
The Aditya Birla Group is the 3rd largest business conglomerate in India, while Sun Life is one of the largest life insurance providers in the world, ranking 235 on the Fortune 500 list for 2022.
With roughly ₹ 2,71,747 crore AUM as of February 2023, ABSLMF is currently one of the largest AMCs operating in India.
The Aditya Birla Sun Life Mutual Fund primarily deals in four classes of funds:
The following are some of the key information regarding the Aditya Birla Mutual Funds company
| Asset Management company Partners | Aditya Birla Capital Ltd., Sun Life (India) Investments Inc |
| Founding date | 23rd December 1994 |
| AMC Incorporation date | 05th September 1994 |
| Trustee organisation | Aditya Birla Sun Life Trustee Pvt Ltd. |
| Chairman | Kumar Mangalam Birla |
| MD and CEO | A. Balasubramaniam |
| Compliance Officer | Mr. Parth Makwana |
| Investor Service Officer | Keerti Gupta |
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Kunal Sangoi
Fund Manager since Dec 2014 (10 years)
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Mr. Sangoi is a Fund Manager and Senior Analyst with Aditya Birla Sun Life AMC Limited (ABSLAMC). At ABSLAMC, he manages equity funds and specialises in the Technology, Internet, Media and Telecom sectors. He has been with ABSLAMC since 2012, and was previously associated with Edelweiss Financial Services Ltd. as Senior Analyst. Kunal is a Chartered Accountant by qualification.
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Lovelish Solanki
Fund Manager since Apr 2022 (2 years)
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Lovelish Solanki did his MBA in Finance from Mumbai University. He started his career as Equity Trader at Edelweiss Asset Management and then worked at Union KBC Asset Management Company Pvt Ltd before moving to Birla Sunlife Asset Management Company. Currently, he is the Arbitrage/ETF Fund Manager Cum Equity Trader at Birla Sunlife Asset Management Company.
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Anil Shah
Fund Manager since Apr 2022 (2 years)
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Mr. Shah is a Senior Fund Manager with Aditya Birla Sun Life AMC Limited (ABSLAMC). A highly experienced person in fund management, he is the Co-Head of Equity at ABSLAMC. Before joining ABSLAMC in 2012, he worked at RBS Equities (India) Ltd, formerly ABN AMRO Asia Equities (India) Limited, for around 15 years. He also holds a CA degree.
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Vineet Maloo
Fund Manager since Dec 2019 (5 years)
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Vineet Maloo is a Chartered Accountant and CFA Level III from CFA Institute. He worked at Aditya Birla Group, Hindalco Industries and Birla Sun Life Asset Management Company Limited before joining Aditya Birla Management Corporation as the Vice President, Central Cell.
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Mahesh Patil
Fund Manager since Apr 2022 (2 years)
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Mahesh Patil heads equity investments at Aditya Birla Sun Life AMC Limited. He has been with Aditya Birla Sun Life AMC since 2005, when he started as a Fund Manager. In 2008, he became Head of Equity and subsequently Co-Chief Investment Officer (Equity) in 2011. An Engineer from VJTI, Mumbai, he also holds an MBA in Finance from Jamnalal Bajaj Institute, Mumbai. He is also a charter holder from ICFAI, Hyderabad.
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Milind Bafna
Fund Manager since Jan 2014 (10 years)
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Mr. Bafna comes currently works at Birla Sun Life Asset Management Company. Before that, he worked as VP of Research at Motilal Oswal Financial Services, and in busienss development for Reliance Industries Limited. He holds a B.E. degree in Chemical.
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Dhaval Shah
Fund Manager since Jun 2019 (5 years)
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Dhaval Shah is a Fund Manager and Senior Analyst with Aditya Birla Sun Life AMC Limited (ABSLAMC). He has been a part of ABSLAMC since 2015. Before joining ABSLAMC, Dhaval worked with Reliance Capital Asset Management Ltd., Morgan Stanley Investment Management and Edelweiss Securities Ltd. Dhaval has an MMS in Finance from Mumbai University and is also a CFA Charterholder.
Investing in the Aditya Birla Sunlife Mutual Fund is a hassle-free process when done through your Angel One account. You just have to follow these steps:
Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN.
Note: In case you do not have an account with Angel One, you can directly open a demat account with us in under a few minutes by submitting the necessary documents.
Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to do at this stage are:
Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.
Investing in Aditya Birla Sunlife Mutual Funds via Angel One is effortless, thanks to our fully digital KYC process. Whether you’re a first-time investor or returning, we’ve made it convenient. To get started, you’ll need to provide the following vital documents:
Our user-friendly platform simplifies KYC verification, enabling you to access Aditya Birla Sunlife Mutual Funds quickly and efficiently. Your financial goals are now easily attainable. Within just 48-72 business hours, your KYC process will be completed, allowing you to embark on your mutual fund journey.
| Name of the Fund | Sub Category | AUM (₹in crore) | Minimum Investment (₹) | CAGR 3Y (%) | CAGR 5Y (%) |
| Aditya Birla SL PSU Equity Fund | Thematic Fund | 1245.53 | 500 | 42.4 | – |
| Aditya Birla SL Infrastructure Fund | Sectoral Fund – Infrastructure | 746.71 | 1000 | 39.66 | 19.34 |
| Aditya Birla SL Small Cap Fund | Small Cap Fund | 4510.13 | 1000 | 31.4 | 15.75 |
| Aditya Birla SL Midcap Fund | Mid Cap Fund | 4336.11 | 1000 | 29.61 | 16.77 |
| Aditya Birla SL Banking & Financial Services Fund | Sectoral Fund – Banks & Financial Services | 2801.11 | 1000 | 29.47 | 15.08 |
| Aditya Birla SL Pure Value Fund | Value Fund | 4697.15 | 1000 | 29.03 | 13.75 |
| Aditya Birla SL Dividend Yield Fund | Dividend Yield Fund | 992.22 | 1000 | 27.6 | 16.4 |
| Aditya Birla SL Digital India Fund | Sectoral Fund – Technology | 3904.17 | 1000 | 26.31 | 22.52 |
| Aditya Birla SL India GenNext Fund | Sectoral Fund – Consumption | 4029.38 | 1000 | 25.02 | 18.17 |
| Aditya Birla SL Frontline Equity Fund | Large Cap Fund | 23427.29 | 100 | 22.72 | 13.92 |
**All data as of October 4, 2023.
Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.
This fund is categorised as a thematic fund with a focus on public sector undertakings. It primarily invests in the equity of PSU-related companies. The fund has an asset under management (AUM) of ₹1245.53 crore and an expense ratio of 0.75%. Over a 3-year period, the fund has shown a Compound Annual Growth Rate (CAGR) of 42.4%. The minimum investment amount for this fund is ₹500.
Classified as a sectoral fund in the infrastructure sector, this fund predominantly invests in infrastructure-related assets. It manages an AUM of ₹746.71 crore with an expense ratio of 1.64%. Over the past 3 years, it has demonstrated a CAGR of 39.66%. The minimum investment required for this fund is ₹1000.
Operating as a small-cap fund, it focuses on investing in small-cap companies. The fund manages an AUM of ₹4510.13 crore with an expense ratio of 0.84%. Over a 3-year period, it has achieved a CAGR of 31.4%. The minimum investment for this fund is ₹1000.
Classified as a mid-cap fund, it concentrates on mid-cap companies for investments. The fund oversees an AUM of ₹4336.11 crore with an expense ratio of 1.09%. Over a 3-year duration, it has displayed a CAGR of 29.61%. The minimum investment amount for this fund is ₹1000.
This fund operates as a sectoral fund with a focus on the banking and financial services sector. It has an AUM of ₹2801.11 crore with an expense ratio of 1.07%. Over a 3-year span, the fund has generated a CAGR of 29.47%. The minimum investment for this fund is ₹1000.
Operating as a value fund, it primarily focuses on value-based investment strategies. The fund manages an AUM of ₹4697.15 crore with an expense ratio of 1.06%. Over a 3-year period, it has showcased a CAGR of 29.03%. The minimum investment for this fund is ₹1000.
This fund is categorised as a dividend yield fund, concentrating on companies offering good dividend yields. It has an AUM of ₹992.22 crore with an expense ratio of 1.59%. Over a 3-year duration, the fund has achieved a CAGR of 27.6%. The minimum investment amount for this fund is ₹1000.
Operating as a sectoral fund focusing on the technology sector, it primarily invests in technology-related assets. The fund manages an AUM of ₹3904.17 crore with an expense ratio of 0.82%. Over a 3-year span, it has displayed a CAGR of 26.31%. The minimum investment required for this fund is ₹1000.
Categorised as a sectoral fund in consumption, this fund focuses on companies related to the consumption sector. It has an AUM of ₹4029.38 crore and an expense ratio of 0.87%. Over a 3-year period, the fund has shown a CAGR of 25.02%. The minimum investment for this fund is ₹1000.
Classified as a large-cap fund, it concentrates on investments in large-cap companies. The fund has an AUM of ₹23427.29 crore with an expense ratio of 1.01%. Over a 3-year duration, it has achieved a CAGR of 22.72%. The minimum investment amount for this fund is ₹100.
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