Rise High with Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Asset Management Company Ltd. (ABSLAMC), Erstwhile Birla Sun Life AMC Ltd. is a joint venture of Aditya Birla Capital Ltd. and Sun Life (India) AMC Investments Inc. which was established in the year 1994. ABSLAMC is the investment manager of Aditya Birla Sun Life Mutual Fund which is registered under the Indian Trusts Act, 1882. The fund house has various schemes listed under equity, debt, hybrid, and other categories. The equity mutual fund schemes of this AMC are best-suited to investors who are looking for a long-term capital gain to fulfill their future needs such as higher education, marriage, home purchase, etc. The equity schemes are further categorised as large-cap, mid-cap, small-cap, multi-cap, etc., which serve the purpose of varying investors. Equity category schemes provided by Aditya Birla Sun Life Mutual Fund are as follows:

• Aditya Birla Sun Life Small-Cap Fund - Formerly, this scheme was known as Aditya Birla Sun Life Small & Mid-Cap Fund. It is an open-ended scheme which predominantly invests in small-cap stocks. It helps an investor to earn a long-term capital appreciation by investing in equity and equity related instruments of small-cap companies. This fund is managed by Mr. Jayesh Gandhi. It came into existence on May 30, 2007. Its NAV is Rs. 40.774, as on May 31, 2018. The minimum investment required is Rs. 1000.
• Aditya Birla Sun Life Pure Value Fund - It is an open-ended scheme which follows a value investment strategy. It helps an investor to earn a long-term capital appreciation by investing in equity and equity related securities whose prices are lower than their true value. This fund is jointly managed by Mr. Mahesh Patil and Mr. Milind Bafna. It was started on March 26, 2008. Its Net Asset Value is Rs. 60.375 as on May 31, 2018. You can invest in this scheme with a minimum investment amount of Rs. 1000.
• Aditya Birla Sun Life Equity Advantage Fund - Erstwhile Aditya Birla Sun Life Advantage Fund. It is an open-ended growth scheme investing in multi-cap equities. It helps an investor to earn a long-term capital appreciation by investing in equity and equity related instruments of companies after conducting in-depth research. The risk involved is moderate. Mr. Satyabrata Mohanty is managing this fund. This scheme was started on Feb 23, 1995. Its current NAV as on May 31, 2018 is Rs. 417.42. The minimum input required is Rs. 1000.
• Aditya Birla Sun Life Focused Equity Fund - Formerly, it was known as Aditya Birla Sun Life Top 100 Fund. It is an open-ended scheme which invests in large-cap equity in maximum 30 stocks. It helps an investor to earn a long-term capital appreciation by investing in equity and equity related instruments of large-cap companies. This fund is managed by Mr. Mahesh Patil. Its inception date is October 23, 2005. Its NAV is Rs. 56.755 as on May 31, 2018. Rs. 1000 is the minimum investment amount required to initiate an investment in this scheme.
• Aditya Birla Sun Life Tax Relief 96 Fund - It is an open-ended ELSS scheme with a lock-in period of 3 years. It helps an investor to earn a long-term capital appreciation and at the same time, save tax under section 80C of the Income Tax Act, 1961. Mr. Ajay Garg is currently managing this fund. On March 28, 1996, this scheme was started to fulfill the investors motive of tax saving. The Net Asset Value of this scheme is Rs. 31.53 as on May 31, 2018. You can start your investment with Rs. 500 in this scheme.

Equity mutual fund investment is suited to those investors who are willing to invest for a long-term capital gain. Aditya Birla Sun Life MF provides various schemes that help you do so. So what are waiting for, invest in its schemes and rise with them. After reading this article you will gain an understanding about Aditya Birla Sun life MF and its top recommended equity schemes.