• Mutual Funds
  • Aditya Birla Sun Life Mutual Fund
  • Aditya Birla Sun Life Money Manager Fund (Growth)

Formerly Aditya BSL FRF S/T Reg Gr

Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Money Manager Fund (Growth)

DebtMoney Market
Recommended
Top Ranked

340.9188

NAV (May 29)

5.9%
3 Year CAGR
Scripbox Opinion
Recommended
Aditya Birla Sun Life Money Manager Fund (Growth) is recommended for investment within money market mutual funds.

Money market funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Category Leader

The fund has been a Category Leader on the Fund Size metric

Rolling Returns

Category Leader

The fund has been a Category Leader on the Rolling Returns metric

Scripbox Recommended Money Market Funds
Want the most stable money market funds for your portfolio?Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

340.9188

NAV (May 29)

Fund Returns

Last 1Y
7.6%
Last 3Y
5.9%
Last 5Y
6.1%
Last 10Y
7%
Since Inception
6.8%
6 Month CAGR
3.9%

Scheme Information

Investment Objective

The primary objective of the scheme is to generate regular income through investment in a portfolio comprising money market instruments.

Expense Ratio
0.34
Launched (19y ago)
Oct 13, 2005
AUM in Crores
23852.202
ISIN
INF209K01RV7
Lock-in
No Lock-in
Benchmark
CRISIL Money Market TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
0.6
Standard Deviation (5yr)
0.7
Beta (3yr)
0
Beta (5yr)
0
Sharpe Ratio (3yr)
0.868
Sharpe Ratio (5yr)
1.718
YTM
7.73
Fund Managers

Dhaval Joshi

Fund Manager

Kaustubh Gupta

Fund Manager

Mohit Sharma

Fund Manager

Anuj Jain

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Aditya Birla Sun Life Money Manager Fund (Growth)70%8,48,560 1,15,9486.1%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2024-05-29

Top Debt Holdings

punjab national bank

5.5%
5.5%

small industries development bank of india

3.6%
3.6%

kotak mahindra bank limited

2%
2%

07.38% mp sdl 2025

2%
2%

05.80 mh sdl 2025

2%
2%
See all holdings

Comparison with Debt Funds

Fund NameFund SizeRolling Returns
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)

₹ 4,984 cr

₹ 10,779 cr

₹ 49,300 cr

₹ 14,459 cr

₹ 14,796 cr

amc-img

About the AMC

Aditya Birla Sun Life AMC Ltd

Aditya Birla Sun Life AMC Ltd manages assets worth 369,909 crores and was set up on 5 September 1994. It's current offering of mutual fund schemes includes 90 equity,370 debt and 20 hybrid funds.amc-img
phone-img022-43568000
Fund NameScripbox Opinion
Till Date CAGR

-

4.8%

5.8%

7.4%

5.9%

6.8%

5.8%

7.3%

5.9%

7.1%

Aditya Birla Sun Life Money Manager Fund (Growth) is an open ended debt scheme that invests in money market instruments. These investments are in the secondary market. Money Market Mutual Funds (MMMFs) invest primarily in high-quality short-term financial securities, as well as cash and cash equivalents. They are best suited to risk-averse investors with a 1 year to 5 years investment horizon. Despite the fact that they do not guarantee profits, they do provide a predictable return that is usually deemed risk-free due to the high-quality of the investments. The investment manager’s goal will be to allocate the scheme’s assets between various fixed and floating interest rate securities, as well as to properly use derivatives such as swaps and FRAs, in order to achieve steady returns. The Long Term Plan’s portfolio will typically be biased toward longer-term maturities.

Investment Objective of Aditya Birla Sun Life Money Manager Fund (Growth)

The scheme’s main goal is to generate consistent income by investing in a portfolio that consists mostly of floating rate debt or money market instruments. A part of the scheme’s net assets may be invested in fixed-rate debt securities and money market instruments. There will be no investments in any security that has a residual maturity of more than 365 days. It is the intention of the scheme that the investments in securitised debts will not, normally exceed 50% of the net assets of the Scheme.

For the benefit of investors, the scheme will strive to optimize the risk-return proposition. Macroeconomic research, credit risk, and liquidity management will be the focus of the investing process. Based on the  mandates, the scheme will maintain a judicious mix of cash, short-term, and medium-term instruments. In addition to using ratings from rating agencies, the scheme will use its credit evaluation procedure as part of its credit risk assessment. To maintain liquidity, the scheme will invest a reasonable share of its assets in relatively liquid assets. 

Scheme Details of Aditya Birla Sun Life Money Manager Fund (Growth)

Aditya Birla Sun Life AMC Ltd launched Aditya Birla Sun Life Money Manager Fund (Growth) on 13th October 2005. The fund has been in existence for the past 17 years. 

NAV and Returns – As of 15th April 2022, the Net Asset Value (NAV) of the scheme is Rs  296.50. The risk-o-meter of Aditya Birla Sun Life Money Manager Fund (Growth) is low to moderate risk. While investing an investor must understand that the principal amount invested will be low to moderate risk. Since its inception during the past 17 years, the scheme has provided its investors with a return of 6.80%.

Investment Plans – The scheme offers both Regular plans and Direct plans. Under each Plan, the scheme offers the options of Daily Income Distribution cum capital withdrawal (“IDCW”) Option (Reinvestment), Weekly IDCW Option ^ (Reinvestment), and Growth Option.

Minimum Investment – The minimum amount for a lump sum investment is Rs 5,000. However, the minimum investment amount for SIP is Rs 1,000.

Expense Ratio – An expense ratio of 0.33% is charged on the units of the mutual funds. 

Exit Load – No exit load on redemption of the units. When switching from the Growth option to the IDCW option or vice versa within the Scheme’s various Plans, no Exit Loads / CDSC will be charged.

Units issued to unitholders on Reinvestments of IDCW and units issued to unitholders as Bonus units will not be subject to an entry or exit load.

Switching from the Regular Plan to the Direct Plan, and vice versa, is subject to any applicable exit load.

Fund Manager – Kaustubh Gupta, Mohit Sharma, and Anuj Jain are the scheme’s fund managers. At Aditya Birla Sun Life AMC Limited, Kaustubh Gupta is the Co-Head of Fixed Income (ABSLAMC). Kaustubh has 17 years of investment expertise, having worked in treasury finance, liquidity management, and fund management in various capacities. Kaustubh leads the whole fixed income portfolio management as Co-Head. Prior to joining ABSLAMC in 2009, Kaustubh spent five years in the Asset Liability Management unit of ICICI Bank. Kaustubh is a Chartered Accountant and CFA (Level 2) by qualification. 

With over 15 years of expertise, Mohit Sharma is a Senior Fund Manager at Aditya Birla Sun Life AMC Limited (ABSLAMC). For the past five years, Mohit has been a member of ABSLAMC. He formerly worked for Standard Chartered Bank, ICICI Bank, Irevna Limited (a CRISIL subsidiary), and as an entrepreneur. Anuj Jain works with Aditya Birla Sun Life AMC Limited as a fund manager. He has a total of 14 years of experience in the financial services industry. He joined ABSLAMC as a Senior Credit Analyst-Fixed Income in August 2017.

He spent about 9 years at CARE Ratings Ltd. as the Deputy General Manager and Head of Financial Sector Ratings before joining ABSLAMC. Prior to that, he worked as an Analyst for Bank of America Continuum Solutions, covering the Global Technology sector for more than a year.

Other details – There is no lock-in period for the scheme. So, an investor can redeem an investment anytime without any redemption limit. As of 14th April 2022, the AUM of Aditya Birla Sun Life Money Manager Fund (Growth) is Rs 15,981.85 cr. The fund benchmarks to the Nifty Money Market Index. The suitable investment horizon for an investor is 1 year to 5 years.

Growth Review

Scripbox recommends Aditya Birla Sun Life Money Manager Fund (Growth) for investment within the floating rate mutual fund category. The debt instruments in this category have a maturity of less than one year. Some of the instrument types are treasury bills, commercial paper, and certificate of deposits. Due to high liquidity and low maturity of these instruments the category is relatively safe. The fund was launched in 2005 and currently has the second largest average assets under management at Rs. 10,514 crores. The fund has consistently remained in the top quartile over multiple periods. The 3 year rolling returns at 7.13% is well above the category average. The fund has an average level of return predictability and has one of the lowest market determined risk. 

  1. With an AUM of Rs. 15981.85 cr, the fund is a leader in its category
  2. With a low credit risk, the fund has a higher credit quality in comparison to other funds in the same category
  3. The interest rate risk is low for the scheme. This means that the impact of the interest rate fluctuations will be low on the face value.
  4. The fund has an extended history of 17 years that provides enough data for analysis. Moreover, over these 17 years, the track record has been good.

Fund Performance

Annualised Returns

PeriodReturns
10 Years7.60%
5 Years6.50%
3 Years5.70%
1 Year3.90%
The above mentioned data is as of 15th April 2022

Asset Allocation

Top Stock Holding

Stock HoldingPercentage of Holding
8.35% Govt Stock 20227.20%
Net Receivables / (Payables)7.20%
8.15% Govt Stock 20225.80%
L&T Finance Limited4.60%
Small Industries Development Bank Of India3.90%
Reliance Jio Infocomm Limited3.10%
Jamnagar Utilities & Power Pvt. Ltd.3.10%
Axis Bank Limited2.50%
Axis Bank Limited2.40%
Others60.20%
The above mentioned data is as of 15th April 2022

Frequently Asked Questions

Who should invest in Aditya Birla Sun Life Money Manager Fund (Growth)?

Aditya Birla Sun Life Money Manager Fund is an open-ended income fund that focuses on floating-rate debt instruments. The fund invests in variable rate assets in order to mitigate price volatility caused by unfavourable interest rate changes. Unlike fixed-rate debt securities, floating-rate debt securities may react to changes in the economy’s interest rate.
Many investors are looking for higher short-term returns without incurring unnecessary risks. This plan is designed specifically for such investors. It aims to maximize returns for investors by constructing a portfolio of investments that consists primarily of variable rate debt with a three-year average maturity.

What is the expense ratio on Aditya Birla Sun Life Money Manager Fund (Growth)?

An expense ratio of 0.33% is charged on the units of Aditya Birla Sun Life Money Manager Fund (Growth)

Does Aditya Birla Sun Life Money Manager Fund (Growth) charge exit load?

Aditya Birla Sun Life Money Manager Fund (Growth) does not charge exit load on redemption of the units. When switching from the Growth option to the IDCW option or vice versa within the Scheme’s various Plans, no Exit Loads / CDSC will be charged.

What is the NAV of Aditya Birla Sun Life Money Manager Fund (Growth)?

As of 15th April 2022, the net asset value NAV of the scheme is Rs  296.50.

Does Aditya Birla Sun Life Money Manager Fund (Growth) provide direct plan?

Aditya Birla Sun Life Money Manager Fund (Growth) offers both Regular Plan and Direct Plan. Under each Plan, the scheme offers the options of Daily Income Distribution cum capital withdrawal (“IDCW”) Option (Reinvestment), Weekly IDCW Option ^ (Reinvestment), and Growth Option.

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