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The Aditya Birla Sun Life Savings Fund Growth Direct Plan is to derive income with the help of investments in a portfolio of ultra-short-term debt securities. Aditya Birla Sun Life Savings Fund aims to provide the convenience of a savings account with the opportunity to earn higher post-tax returns.
The fund follows a systematic approach by investing in:
- Ultra-short duration debt instruments with portfolio Macaulay duration of 3-6 months
- Money market instruments
- Corporate bonds and treasury bills
- Government securities
The fund's portfolio is invested in a variety of ultra-short-term debt securities, which helps to reduce risk. Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates.
The fund is managed by an experienced team of fixed income professionals:
Kaustubh Gupta - Kaustubh Gupta is a Chartered Accountant. Currently, he is the Co-Head, Fixed income at Aditya Birla Asset Management Company. Kaustubh Gupta is the Co-Head of Fixed Income at Aditya Birla Sun Life AMC Limited (ABSLAMC). Kaustubh brings with him 20 years of extensive investment experience having worked in various capacity of treasury finance, liquidity management and fund management. Prior to joining ABSLAMC in 2009, Kaustubh worked with ICICI Bank for 5 year in the Asset Liability Management team. Kaustubh is a Chartered Account and CFA (Level 2) by qualification.
Monika Gandhi - Ms. Gandhi is CA, CAIIB and B.Com.(Hons) Prior to joining Aditya Birla Sun life Mutual Fund, she was a Deputy General Manager in IDBI Bank for 13 years wherein she handled project appraisal, credit evaluation and credit monitoring for Large and Mid-Corporates.
Sunaina Cunha - The fund managers are Monika Gandhi, Sunaina Cunha, Kaustubh Gupta.
Aditya Birla Sun Life Mutual Fund was established as a joint venture between Aditya Birla Group of India and Sun Life Financial Inc of Canada in 1994. It is one of the largest fund houses in India. It commenced operations after registering with SEBI or the Securities and Exchange Board of India in 1994.
Key highlights of the AMC:
- With cumulative average assets under management (AUM) of Rs. 3.31 Lakh Crores as of March 31, 2024
- Aditya Birla Sun Life Mutual Fund Asset management company AUM ₹382,889.63 Cr
- Aditya Birla Sun Life Mutual Fund AMC was incorporated on 05, Sep 1994, and has an AUM size of Rs. 3,85,000 Cr as on 31, Dec 2024. Aditya Birla Sun Life Mutual Fund has total of 987 schemes
The primary commitment of ABSLMF is to increase mutual fund penetration in India. ABSLMF takes an active approach to make the entire mutual fund management process straightforward and transparent to ease it for both investors and channel partners.
The fund house offers diversified investment solutions across equity, debt, hybrid, and fund-of-funds categories, making it a comprehensive choice for investors seeking professional asset management services.
This fund is suitable for investors who:
- The Aditya Birla Sun Life Savings Fund Growth Direct Plan is suitable for investors who want to invest for a short term (up to 3 years) and are looking for an alternative to bank deposit
- Seek higher returns than traditional savings accounts with moderate risk
- Want to park surplus funds for short-term periods
- Prefer professional management of their debt investments
- Need liquidity with potential for better returns than bank deposits
Key considerations:
- Returns: Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.25%, 7.64% and 6.33% respectively
- AUM: The AUM of Aditya Birla Sun Life Savings Fund, is ₹13293.68 crore
- Expense Ratio: The fund has an expense ratio 0.3 for direct plans
- Minimum Investment: The min. SIP amount to invest in this scheme is ₹1000
Overall, the Aditya Birla Sun Life Savings Fund Growth Direct Plan is a good investment option for investors who are looking to generate income for the short term and are willing to take on moderate risk.
It has an AUM of ₹13,293.68 Crores and the latest NAV decalared is ₹552.028 as on 08 May 2025 at 8:59 pm. The NAV changes daily based on market movements.
The AUM of Aditya Birla Sun Life Savings Fund, is ₹13293.68 crore as per the latest available data. AUM represents the total value of assets managed by the fund.
The fund has an expense ratio 0.3 for the direct plan. The expense ratio represents annual charges for fund management.
Aditya Birla Sun Life Savings Fund Direct Growth has given a CAGR return of 7.77% since inception. The fund has consistently delivered steady returns over different time periods.
The min. SIP amount to invest in this scheme is ₹1000. Both SIP and lumpsum investments start from ₹1000.
You can invest through Allvest platform by completing your KYC, selecting the fund, choosing between SIP or lumpsum investment, and setting up payment methods. Allvest provides a seamless digital investment experience.
Register with Allvest, complete your KYC verification, select Aditya Birla Sun Life Savings Fund, choose SIP option, set your monthly investment amount (minimum ₹1000), and set up auto-debit instructions.
Through Allvest platform, you can set up automated SIP by providing bank mandate or UPI auto-pay authorization. This ensures your investments continue without manual intervention each month.
You can redeem your investment through Allvest app or website by placing a redemption request. Most mutual fund investments are highly 'liquid'. After placing the redemption request, you can expect your investment to land in your bank account within two-three business days.
Clients/Investors to abstain them from dealing in any schemes of unauthorised collective investments / portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Sr. No
Name of KMP
Designation
Mobile Number
Email ID
2.
Mr. Amit Bansal
Designated Director /
Compliance Officer