All About Aditya Birla Sun Life Mutual Fund's Hybrid Schemes
Posted by Dishika Baheti on July 27th, 2018
Mutual Fund market is full of schemes in which investors may invest their idle kept money under different categories such as equity, debt, hybrid, etc. Hybrid category is a mixture of equity and debt categories, i.e., the schemes under it invests in both equity, debt and money market instruments, and thus yield capital growth as well as stable returns. Aditya Birla Sun Life Mutual Fund is one of the AMCs which has launched schemes under this category. Below you will get to read about the same.
Aditya Birla Sun Life Equity Hybrid ‘95 Fund (Aggressive Hybrid) -
Formerly known as Aditya Birla Sun Life Balanced ‘95 Fund, it is an open-ended hybrid scheme that was launched on February 09th, 1995 with an investment objective to help investors earn long-term capital appreciation through investment in equity, its related instruments, debt and money market instruments. The secondary objective of this scheme is to distribute dividend by generating income. This fund is jointly managed by Mr. Mahesh Patil, Mr. Pranay Sinha, and Mr. Dhaval Shah. The minimum investment amount with which an investor may start investing in this scheme is Rs. 1000. There is no entry load payable. However, if an investor redeems within one year of investment, then he becomes liable to pay 1% as exit load. Here, the risk involved is moderately high. Its net asset value as on July 20th, 2018, was Rs. 737.12.
Aditya Birla Sun Life Balanced Advantage Fund (Balanced Advantage) -
This scheme was launched by ABSL Mutual Fund on April 24th, 2000 with an investment objective to provide investors an opportunity to earn capital growth and income through a portfolio consisting of investment in equity and fixed income securities. This fund is jointly managed by Mr. Vineet Maloo and Mr. Mohit Sharma. The minimum investment amount with which an investor may start investing in this scheme is Rs. 1000. There is no entry load which is to be incurred by an investor. If an investor redeems the units within one year of investment from the date of allotment, then he becomes liable to pay 1% as exit load. The net asset value at which the units can be purchased as on July 20th, 2018, was Rs. 50.07 and the assets under management were worth Rs. 3245 crores as on June 30th, 2018.
Aditya Birla Sun Life Regular Savings Fund (Conservative Hybrid) -
Formerly known as Aditya Birla Sun Life MIP II Wealth 25 Fund, the investment objective of this scheme is to help investors earn income through investment in fixed income securities along with capital growth through little exposure to equity markets. This fund is jointly managed by Mr. Pranay Sinha, Mr. Satyabrata Mohanty, and Mr. Vineet Maloo. The minimum investment amount in this scheme is Rs. 1000. An investor need not worry about the exit load to be payed as it is nil. In case an investor redeems within 365 days from the date of allotment, then he becomes liable to pay 1% as exit load. The net asset value at which the units can be purchased is Rs. 38.628 as on July 20th, 2018. The assets under management were worth Rs. 2847 crores as on June 30th, 2018. Investors should note that the principal amount invested by them in this scheme will be under moderately high risk.
These were the hybrid schemes by ABSL MF which you may add to your portfolio to gain mixed benefits. You may invest in Aditya Birla Sun Life Mutual Fund online as well through offline mode. In case you have any doubt or query that you need to be answered, consult a financial advisor.
