3 Year return
6.94%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderately Low Risk
Asset Under Management
₹13363.05 Cr.
Expense Ratio
0.23% (inclusive of GST)
Exit Load
NIL
Tax Implications
Tax on gains as per your income tax bracket
Fund Holdings
Aditya Birla Sun Life Mutual Fund Managers
KG
Kaustubh Gupta
Fund Manager since Oct 2018
Fund House Details
Aditya Birla Sun Life Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
ICICI Prudential Floating Interest Fund |
7.36% |
4 |
Kotak Floating Rate Fund |
6.69% |
3 |
Nippon India Floating Rate Fund |
6.67% |
2.5 |
Schemes by Aditya Birla Sun Life Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
Aditya Birla Sun Life Arbitrage Fund Direct IDCW Payout
Hybrid . Arbitrage Fund
Aditya Birla Sun Life Arbitrage Fund Direct IDCW Reinvestment
Other . FoFs Domestic
Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme Direct IDCW Payout
Other . FoFs Domestic
Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme Direct IDCW Reinvestment
Other . FoFs Domestic
Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme Direct Plan Growth
About Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth
The Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth is a debt fund managed by Aditya Birla Sun Life Mutual Fund. It is a direct plan, which means that there are no brokerage fees involved when you invest in the fund. The fund invests in a portfolio of floating rate instruments, which are debt securities whose interest rates are linked to a benchmark interest rate such as the repo rate. This means that the interest payments on the fund's investments will change in line with the benchmark interest rate. The fund aims to generate income by investing in a diversified portfolio of floating rate instruments.
Investment Objectives of the Scheme
The investment objective of the Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth is to generate income by investing in a diversified portfolio of floating rate instruments. The fund will invest at least 80% of its assets in floating rate instruments.
Key Features of The Fund
5-year return | 6.68% |
Expense Ratio | 0.23% |
Fund Manager | Kaustubh Gupta |
Fund Size | ₹13363.05 Cr |
Risk Profile | Moderately Low |
Is This Scheme Right for Me?
The Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth is a good option for investors who are looking for a fixed income investment with moderate risk. The fund is also a good option for investors who are looking to generate income from their investments. However, the fund is not suitable for investors who are looking for high returns or who are not comfortable with the risk of interest rates rising.
AMC Contact Details
Name | Aditya Birla Sun Life Mutual Fund |
Launch Date | September 1994 |
Addresss | One India Bulls Centre, Tower-1, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai, 400013 |
Contact | 1-800-22-7000 |
care.mutualfunds@adityabirlacapital.com | |
Website | https://mutualfund.adityabirlacapital.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
Combat Inflation With SIP Investments
FAQs
What is today's NAV of Aditya Birla Sun Life Floating Rate Fund?
What is the AUM of Aditya Birla Sun Life Floating Rate Fund?
What is the expense ratio of Aditya Birla Sun Life Floating Rate Fund?
What are the returns of Aditya Birla Sun Life Floating Rate Fund since inception?
What is the minimum SIP amount to invest in Aditya Birla Sun Life Floating Rate Fund?
How do I invest in Aditya Birla Sun Life Floating Rate Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Aditya Birla Sun Life Floating Rate Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Aditya Birla Sun Life Floating Rate Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Aditya Birla Sun Life Floating Rate Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.