Aditya Birla Sun Life Mutual Fund (ABSL MF) originated from a joint venture between Sun Life AMC Investments Inc and Aditya Birla Capital Limited, the reputed Indian conglomerates. The quality of its asset management services and various awareness programs for investors is backed by over 25 years of performance. This article will answer some popular questions about the best ways to invest in Aditya Birla.
How can I invest in ABSL Gold ETF?
Adding gold can bring better stability and diversity to your overall portfolio. Many of us may have wanted to invest in gold, knowing its appreciation value in the long term, but were hesitant because of various issues like storage, tax, and purity concerns. Aditya Birla Sun Life Gold ETF is a more straightforward way to invest in gold without worrying about all that. It is an open-ended fund that tracks the physical price of Gold and purchases and sells on behalf of the investor, that is, allows him to own part of the Exchange-traded Fund (ETF) without owning the underlying stocks.
Investment in ABSL Gold ETF is suitable for those seeking returns in line with the returns of gold over the long term. The fund invests your capital in buying physical gold of 99.5% purity. It will be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The traded amount will be directly credited to your bank linked to your Demat account.
To invest in gold online, just follow this link. You can also visit any of the ABSL branches or call the customer care number at 1800 270 7000.
How to invest in Aditya Birla Mutual Fund online?
Like other financial instruments, a mutual fund (MF) will not give you a direct 100% guarantee of growth opportunities. However, they have become an integral part of capital saving schemes. There are the top mutual funds to invest in Aditya Birla Sun Life:
- Aditya Birla Sun Life Frontline Equity Fund;
- Aditya Birla Sun Life Special Opportunities Fund (India);
- Aditya Birla Sun Life Banking and Financial Services Fund;
- Aditya Birla Sun Life MidCap Fund;
- Aditya Birla Sun Life Digital India Fund;
- Aditya Birla Sun Life Liquid Fund.
Aditya Birla Mutual Fund solutions are broadly categorized into the following four types:
- Wealth Creation
The Wealth Creation solution is recommended for people seeking to generate long-term wealth benefits. It could be the right choice if you want to save for a specific long-term goal, such as retirement, a second home, or higher education for your children. You can select any equity fund as per your investment needs.
- Tax Saving
Tax Saving Mutual Fund, popularly known as Equity Linked Saving Scheme (ELSS) Fund, is a great investment option, especially for working-class employees looking for tax savings on their investments (it can be up to ₹46,800). At the same time, there is no need to forego long-term capital gains.
The solutions aim to utilize your funds to provide stable and tax-efficient extra income. The main idea of this solution is to help clients with short investment goals to save their funds. At the same time, the risk is less than traditional instruments can offer. Your funds can be invested in fixed-income products, AAA corporate bonds, government-backed securities, etc.
- Regular income
An income solution is an optimal investment opportunity for people seeking consistent income with low risk. Since the primary intent of this scheme is regularity, its essence is investing in fixed-income instruments with limited exposure to equity markets.
Note! For quickly investing in any MF, please follow the process previously mentioned for the ETFs.
How can I invest in Aditya Birla Tax Relief 96 online?
ABSL Tax Relief 96 is an open-ended equity-linked savings scheme (ELSS) with the objective of long-term capital growth through a portfolio with a target allocation of 80% equity, 20% money market securities, and debt. The investment is mainly made in the equity market, and it comes with a mandatory 3-year lock-in period.
The scheme follows a double combination of top-down and bottom-up approaches for selecting the stocks. The top-down one analyses the economic changes along with macroeconomic factors, key differences in the policies, overall infrastructure spending, etc. The bottom-up method identifies high-potential companies with stable management that focus on long-term growth.
Investment in this fund can be made as part of the Systematic Investment Plan (SIP) or as a direct one-time replenishment.
Can I invest in Aditya Birla Sun Life SIP?
SIP is a method that allows you to invest in mutual funds by making periodic and small payments. It provides the opportunity to start for as little as ₹1000. It does not matter when you replenish; the vital part is to invest any extra funds you hold.
Investing in a SIP can be done in 4 simple steps:
- Visit the SIP Calculator online tool and determine the amount of your portfolio.
- Choose the MF schemes relevant to your investment goals.
- Fill up the form online (you can also download and print it).
- Submit the application form and the first cheque to any ABSL branch.
Investing in SIP has a lot of benefits, such as helping you develop personal financial discipline, getting investments on your priority list, averaging out the cost of assets, and therefore minimizing risks.
Aditya Birla Sun Life Mutual Funds has a universe of funds where you can invest small or large to amplify your goal getting. However, despite all their effectiveness and convenience, no one canceled the risk. To minimize it, diversify your portfolio and invest whenever you have extra funds. Before you decide on any investment option, ask yourself how it fits with my other sources of additional income.