Aditya Birla Sun Life Mutual Fund

AUM ₹2,97,663 Crs
No. of schemes 76
AMC Age 28 yrs

Key Information
Documents required to invest in Aditya Birla Sun Life Mutual Fund
How to Invest in Aditya Birla Sun Life Mutual Fund Schemes?
Customer Care Details
Top Fund Managers
Frequently Asked Questions

Key Information

Mutual Fund Name	Aditya Birla Sun Life Mutual Fund
Founded	Dec 23, 1994
Trustee Organisation	Aditya Birla Capital International Trustee Company Ltd
MD and CEO	A Balasubramanian
Compliance Officer	Rajiv Joshi

Documents required to invest in Aditya Birla Sun Life Mutual Fund

The documents for KYC (Know Your Client) include proof of address and proof of identity. Here is a list of officially valid documents (OVD) admissible.

PROOF OF IDENTITY

PAN Card (Mandatory)
Voter ID Card
Driving License
Passport
Aadhaar Card
Any other valid identity card issued by Central or State Government

PROOF OF ADDRESS

Voter ID Card
Driving License
Passport
Ration Card
Aadhaar Card
Bank account statement or bank passbook
Utility bills like electricity or gas bills

While these are some of the standard document list, submitting all of these documents is a tedious process and can procrastinate your plan of investing. This is where ET Money offers you a paperless and fast solution.

You can submit your KYC in under two minutes by uploading the photos of your identity and address proofs. This includes PAN and any one of Aadhaar, Voter ID, Driving License & Passport along with your signature, a selfie and a live video, authenticating your identity. ET Money's quick KYC application makes investing easy and hassle-free.

It takes about 3-5 working days to get your KYC verified as the verification is done by government certified agencies.

How to Invest in Aditya Birla Sun Life Mutual Fund Schemes?

If you want to invest in ABSL Mutual Funds schemes, you can do so in any one of the ways listed below:

1. Through the official website

2. Through a distributor

3. Through the ET Money platform

Aditya Birla Sun Life AMC allows you to invest with them in both offline and online ways. If you are a first-time investor, you can download the application from the company's website and submit it to the company's branch office. If your KYC is in place, you can buy it from the fund house's website. Now, if you want to invest in different mutual fund schemes, you may have to go through this process for each AMC, which can be tedious. Moreover, you won't find all your investment details on one platform.

The other way to invest is through a distributor. But because of the commission, your returns will be compromised if you invest through a distributor.

A much simpler, efficient and effective way of investing in schemes from Aditya Birla Mutual Fund or any other fund house is through the ET Money platform.

All you need to do is sign up once and start investing in schemes from different AMCs. You can choose from various schemes of Aditya Birla Sun Life Mutual Fund, and that too, at the lowest expense ratio since ET Money is a direct investment platform. You can also track your existing portfolio on ET Money. You can view all your old and new investments in one place, making it much simpler to track them and make better-informed decisions.

In addition to the above, the ET Money investment platform also offers valuable details like the fund's past performance, returns consistency, downside protection, fund history, expense ratio, exit load, and other essential information.

How to invest in mutual funds via ET Money

Sign up using email and OTP.
Select fund. Enter the investment amount. Choose the investment type: one-time (Lumpsum) or SIP.
Enter PAN, full name and verify mobile number.
Enter bank account details and select payment mode. In the case of SIP, set up a mandate.
Follow the KYC process, which includes a selfie and a live video. Provide essential details and eSign.
The transaction is processed on verification of KYC documents.

Customer Care Details

For any query regarding any schemes offered by Aditya Birla Sun Life Mutual Fund, please contact at the following address:

Registered Address	One World Center, Tower 1, 17th Floor, Jupiter Mill Compound, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Branch Timing (9 am - 6 pm)
Email	N.A.

Top Aditya Birla Sun Life Fund Managers

Mahesh Patil: Co-Chief Investment Officer

Mr. Mahesh Patil is the Co-Chief Investment Officer (Equity). He has an overall experience of 27 years and had joined Aditya Birla Sun Life Mutual Fund in 2005. Then in 2008, he was promoted as the Co-Chief Investment Officer (Equity). He now heads a team of 20 expert analysts and fund managers, and they together manage funds as huge as 92,000 Crores in the equity market both in the form of Birla Sun Life SIP, and Birla Sun Life One Time Investment.
Mr. Patil holds the degree of Engineering from VJTI in Mumbai and is an MBA in Finance from Jamnalal Bajaj Institute in Mumbai. He too is a charter holder from ICFAI in Hyderabad. He thus being an Equity expert has Funds like Aditya Birla Sun Life Frontline Equity Fund, Aditya Birla Sun Life Equity Hybrid '95, Aditya Birla Sun Life Focused Equity Fund, Pure Value Fund.

Frequently Asked Questions

Are Aditya Birla Sun Life AMC's schemes safe to invest in?

It is one of the country's biggest AMCs and it?s regulated by SEBI, which ensures investors are protected. However, talking about safety, it depends entirely on how you define it. No AMC cannot guarantee the safety of capital when it comes to market-linked investments like mutual funds. You can evaluate and choose a fund that suits your requirement.

Which ABSL mutual fund scheme is the best for short-term investment?

For a short-term horizon, which usually implies an investment of up to three years, debt funds are more suitable. You can match your investment horizon to the average portfolio maturity of the fund. For example, if you want to invest for a few days only, you can consider overnight funds. Similarly, for up to three months, liquid funds are more suitable, and so on.

Are Aditya Birla Sun Life mutual fund schemes tax-free?

The gains from Aditya Birla Sun Life mutual fund investments are subject to capital gains tax. These taxes are applicable, depending on the type of scheme and their holding period. Check the table below to help you understand mutual fund taxation better:

Type of Mutual Fund Scheme	Holding Duration	Type of Capital Gains Tax	Tax Liability
Debt-oriented	<36 months	Short term capital gain tax	As per the income tax slab in which your income falls.
Debt-oriented	> 36 months	Long term capital gain tax	20% with indexation
Equity-oriented	< 12 months	Short term capital gain tax	15%
Equity-oriented	> 12 months	Long term capital gain tax	10% if the amount exceeds Rs 1 lakh

So, the profits you make from your investments are taxable as per the above table.

How can I cancel the ongoing SIP in an ABSL mutual fund scheme?

If you wish to discontinue your ongoing SIP with Aditya Birla Sun Life mutual fund, you must visit the mutual fund's official website or the online investing portal you used to create the SIP mandate. Log in to your account and select the investment you wish to cancel. Follow the instructions to stop the SIP. You can also visit the AMC branch and submit a request to discontinue the SIP.

On the ET Money app or website, click on the profile icon and select the SIPs/MySIP option.
In this section, you will see all the ongoing SIPs.
Click on any SIP to open a detailed view.
On the top right corner, click the three dots, which will take you to the Modify SIP screen.
You will see the "Cancel this SIP" option below.
Once you click it, you will receive an OTP.
On entering the correct OTP, SIP will be canceled.

How can I get the Aditya Birla Sun Life mutual fund statement?

One option is to log on to Aditya Birla Sun Life AMC's website and request a statement. You can also go to CAMS Online or Kfintech and request a consolidated statement by email.

A better option is to get a statement on ET Money. Once you request a statement on ET Money, the platform creates a customised dashboard for you. Whenever you wish, you can then check your entire portfolio just by logging onto ET Money.

On the website, after signing up, hover on the profile icon on the top right. From the drop-down menu, select the option Track external mutual funds. Complete the ensuing process, and you can see your portfolio on the ET Money platform. This is a one-time process. Every time you want to track or check your portfolio, log onto ET Money, and it will display a dashboard that shows your entire portfolio and its performance.

To access on app, click the following link after logging in: https://etmoney.onelink.me/unJQ/oq97j0iz

How can I increase the SIP amount of ABSL mutual funds?

You can increase your SIP amount by opting for step-up SIP when starting a fresh investment. This feature allows you to increase the investment amount periodically at a specified rate. If you have not enrolled for this option, you must start a new SIP for the incremental amount you wish to invest.

Disclaimer: Data Sources include ACE MF, AMFI, and Fund House's website. Data as of May end, unless mentioned otherwise

Sources:

ACE MF (Data as of May 31, 2022)

https://mutualfund.adityabirlacapital.com/help-centre/grievance
https://mutualfund.adityabirlacapital.com/about-us/Investment-Team
https://mutualfund.adityabirlacapital.com/about-us/companyprofile-amc
https://mf.adityabirlacapital.com/Pages/Individual/Customer-Service/Invest-Now.aspx
https://www.valueresearchonline.com/funds/selector/fund-house/4/aditya-birla-sun-life-mutual-fund/?end-type=1&exclude=fmps%2Csuspended-plans&tab=snapshot

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