Aditya Birla Sun Life Liquid (Growth)

Aditya Birla Sun Life Liquid Fund-Growth is an open-ended liquid fund that invests in debt securities and money market instruments like Repo, treasury bills, certificate of deposits, etc. The scheme aims to provide a reasonable and regular income over the short term with a high level of safety and liquidity at relatively low risk. The fund is managed by Aditya Birla Sun Life Mutual Fund. Liquid funds are debt funds that are highly liquid and invest in debt instruments with a maturity of up to 91 days. These funds are a better investment option than parking your idle funds in a savings bank account.

Aditya Birla Sun Life Liquid Fund-Growth Investment Objective

The investment objective of the Scheme is to provide reasonable returns at a high level of safety and liquidity through judicious investments in high-quality debt and money market instruments. However, there is no assurance that the investment objective of the scheme will be achieved. The Scheme provides its investors a regular income with a high level of safety and convenience of liquidity over the short term. Aditya Birla Sun Life Liquid Fund invests in an entire range of high-quality debt instruments and money market securities in line with its investment objective. It achieves its objective through active management of its portfolio along with a lower interest rate risk.

Aditya Birla Sun Life Liquid Fund-Growth Scheme Details

Aditya Birla Sun Life Asset Management Company Limited had launched Aditya Birla Sun Life Liquid Fund- Growth scheme on 30th March 2004. The scheme has been in existence for the past 17 years. Since its inception, it continues to provide regular income on investment at par with inflation and safety of principal amount invested.

NAV and Returns – As of 24th June 2021, the NAV of the fund is Rs 331.73. The fund has a risk-o-meter of moderate risk. Hence, an investor who invests in this fund must understand that their principal investment is at moderate risk. The fund has delivered a return on investment of 7.20% since its inception

Minimum Investment – The fund has a minimum SIP investment requirement of Rs 1,000 and a minimum lump sum investment of Rs 1,000

Expense Ratio and Exit Load – The expense ratio on the fund is 0.33% of the NAV on the date of redemption. Here, the expense ratio charged by the fund is close to the expense ratio that other AMCs charge for similar category funds. The fund charges an exit load on the redemption of the units of the mutual fund. If the units are redeemed within 1 day the exit load is charged at 0.0070%. Further, if you redeem within 2 days then the charge is 0.0065% on the units. if redeemed within 3 days then the charge is 0.0060%. An exit load of 0.0055% if redeemed within 4 days. A charge of exit load of 0.0050% if redeemed within 5 days and 0.0045% if redeemed within 6 days.

Fund Manager – Currently, Ms. Sunaina Cunha and Mr. Kaustubh Gupta are co-managing the fund. Ms. Sunaina Cunha has been managing the fund since 19th June 2009. Ms. Cunha possesses a rich experience of 17 years in fixed income fund management with an expertise in structuring bond solution and credit transactions. She co-heads the credit overall credit portfolio of the Aditya Birla Mutual Fund. Mr. Kaustubh Gupta has been managing the fund since 15th November 2011. He is the co-head of Fixed Income at the Aditya Birla Sun Life Mutual Fund. Mr. Gupta brings in extensive experience in various capacities such as treasury finance, liquidity management and fund management.

Other Details – No lock-in period for the scheme, you can redeem any amount of investment anytime. The AUM of Aditya Birla Sun Life Liquid  Fund as of 24th June 2021 is Rs 30,047 cr. The fund benchmarks to CRISIL Liquid Fund TR INR.

Aditya Birla Sun Life Liquid  Fund-Growth Top Stock Holdings

The Aditya Birla Sun Life Liquid Fund-Growth has invested its assets majorly in the debt instruments of the following companies:

Asset Allocation of Aditya Birla Sun Life Liquid  Fund-Growth

The Aditya Birla Sun Life Liquid Fund-Growth has invested in the following sectors:

Aditya Birla Sun Life Liquid  Fund-Growth Review

Aditya Birla Sun Life Liquid Fund-Growth is recommended by Scripbox for investment within liquid mutual funds. Liquid funds provide relative safety of capital amount invested along with returns at par with inflation over the investment horizon. 

1. Aditya Birla Sun Life Liquid Fund- Growth is suitable for investors who seek regular income over the investment horizon along with a relative stability of capital and a high degree of liquidity. It is suitable for an investment duration of 1-5 years or longer.
2. With a history of 17 years, the fund has sufficient records for analysis. Further, the track record is excellent.
3. With an AUM or relative size of Rs 30,047 cr, the fund is a leader in the liquid fund category.
4. The scheme has performed well consistently over a period outperforming its benchmark.
5. The impact of interest rate changes on fund value is quite low in comparison to other similar funds. 
6. The fund has a high credit quality compared to other liquid debt funds in the same category. This indicates that it has lent to borrowers whose credit quality is good. With better borrowers, it ensures a low default risk or credit risk. 

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