Finance

Everything you need to know about Aditya Birla Sun Life’s mutual fund

Mutual funds are investment funds that allow companies to pool money from investors to buy securities. Aditya Birla Sun Life Mutual Fund was established in 1994, and it has been successful since its inception.

According to a recent study, it is India’s largest funding house. This company is evangelized by Aditya Birla group of India and Sun Life Inc. of Canada. Headed by Mr. A. Balasubramanian,   Aditya Birla Mutual Fund allows you to opt for Systematic Investment Planning.

Investing in Aditya Birla Mutual Fund has its own set of benefits. Here are some of them:

Advantages of investing in Aditya Birla Mutual Fund

  • Low capital required:

You can start your investment with very low capital. You can start investing with as low as 500 Rupees.

    • Prevents Randomness of the market:

If you plan your mutual funds systematically then you will be able to prevent the ups and downs in the market.

  • Diminishes risk to the capital:

Investing regularly will diminish the risk to your capital amount.

  • Makes you a disciplined Investor:

Because you are setting a goal and investing regularly in this plan, you will become a disciplined investor.

The procedure for starting a mutual fund investment

  • Decide the goal, and the amount of money you will need to save for achieving that goal.
  • Decide a duration in which you will be able to collect enough money. Also, decide the duration of investing either monthly or quarterly or yearly.
  • Determine the amount you will need per month to save according to your goal and duration.
  • Select a preferable scheme from the variety of schemes offered by Aditya Birla mutual fund offers.

Different plans for different types of goals

Aditya Birla Sun Life offers different types of schemes. In this way, you can easily select the scheme you want to invest in. Aditya Birla Mutual Funds currently offer 31 different schemes for different types of goals. These are some goals which you may have set for an investment purpose. For eg:

  • Saving:

This goal is for saving purposes. It also provides tax-efficient returns. The scheme for a saving investment is Aditya Birla Sun Life Savings Fund.

  • Income:

Its purpose is to provide you an alternate mode for a regular income. It is beneficial for retired individuals. Scheme for a regular income is Aditya Birla Sun Life Regular Savings Fund.

  • Wealth:

You may require a large sum of money for future expenses, so you can set your goal as Wealth Creation. The scheme for wealth creation is Aditya Birla Sun Life Frontline equity fund.

  • Tax saving:

The goal here is to save taxes together with creating wealth. For tax saving, you can use the Aditya Birla Sun Life Tax Relief 96 Scheme.

When can you utilize your mutual fund savings?

  • Retirement:

   After retirement, mutual funds can help you with an alternative income.

  • Education:

If you require money for the higher education of your children then, Mutual fund investment can be helpful.

  • Business Expansion:

Business expansion requires a hefty amount of money. With some preplanning and investments, expanding business will become easier.

  • Marriage:

You may save money using mutual funds for your ward’s marriage.

  • House:

You may invest in mutual funds to save money for buying your dream house

  • Holiday:

People invest money to visit foreign countries and enjoy international vacations.

Investing in mutual funds is beneficial when you have a financial goal to achieve. Mutual funds not only allows you to save money and grow your wealth, but they also help you to lead a comfortable life after retirement.

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