3 Year return

6.13%
Launched on January 2013 (11 years)

Investment Details

₹1000

Minimum SIP Amount

₹1000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Moderate Risk

Your principal will be at

Moderate Risk

Scheme Information

Asset Under Management

₹23737.6 Cr.

Expense Ratio

0.21% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
4.5

Ratings by other agencies

4
3
5

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

Aditya Birla Sun Life Mutual Fund Managers

MS

Mohit Sharma

Fund Manager since Apr 2022

View Details

Fund House Details

Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Mutual Fund Asset management company

AUM ₹332,579.31 Cr.
No. of Schemes 226
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Aditya Birla Sun Life Mutual Fund

List of mutual fund schemes by AMC

About Aditya Birla Sun Life Money Manager Fund Growth Direct Plan

The Aditya Birla Sun Life Money Manager Fund Growth Direct Plan is managed by Aditya Birla Sun Life Mutual Fund, a renowned name in the mutual fund industry. This fund falls under the category of Liquid Funds. Liquid funds are known for their low-risk profile and short investment horizon, making them an attractive choice for investors seeking stability and liquidity.

Investment Objectives of the Scheme

The primary objective of the Aditya Birla Sun Life Money Manager Fund Growth Direct Plan is to provide optimal returns through investments in money market instruments and debt securities with shorter maturities. These instruments offer stability and relatively consistent returns compared to riskier assets. The fund aims to achieve this objective while maintaining a high degree of liquidity to meet investor redemption needs.

Key Features of The Fund

5-year return 6.22%
Expense Ratio 0.21%
Fund Manager Mohit Sharma
Fund Size ₹23737.6 Cr
Risk Profile Moderate

Is This Scheme Right for Me?

This fund is particularly suitable for investors who have surplus cash that they want to park for the short term, ranging from a few days to a few months. It's an ideal choice for those seeking a safe and stable investment avenue for their idle funds while earning better returns than traditional savings accounts. This makes it particularly useful for emergency funds, short-term financial goals, or as a temporary parking spot for funds before deploying them in other investment avenues.

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
Email 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.

Leverage Expert Management for Your Investments with SIPs

Mutual funds are managed by experienced professionals who research and select investments based on the fund's objective. SIPs allow you to tap into this expertise without needing to actively manage your portfolio yourself. Use the SIP return calculator to calculate the potential growth of your mutual fund investment.

FAQs

What is today's NAV of Aditya Birla Sun Life Money Manager Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Aditya Birla Sun Life Money Manager Fund Jun 19 2024 is 346.3387

What is the AUM of Aditya Birla Sun Life Money Manager Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Aditya Birla Sun Life Money Manager Fund is 23737.6 crore.

What is the expense ratio of Aditya Birla Sun Life Money Manager Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Aditya Birla Sun Life Money Manager Fund is 0.21%

What are the returns of Aditya Birla Sun Life Money Manager Fund since inception?

The Aditya Birla Sun Life Money Manager Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 7.4 since inception.

What is the minimum SIP amount to invest in Aditya Birla Sun Life Money Manager Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Aditya Birla Sun Life Money Manager Fund is 1000.

How do I invest in Aditya Birla Sun Life Money Manager Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. 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.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Aditya Birla Sun Life Money Manager Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Aditya Birla Sun Life Money Manager Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Aditya Birla Sun Life Money Manager Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.