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Yes, you have done it!

Yes, you have done it! You braved the mad rush at the bank after taking a day off from work to deposit the Rs 500 and Rs 1,000 notes that were in your home to your savings bank account. You did a quick job considering that the government recalled the notes of those denominations in a sudden decision on November 9. But just in case you are breathing easy, you need to know that your job is still only half-done. Here's why.

Debt funds to the rescue

However there is an alternative that could be a good decision for your idle money. Like other categories of mutual funds, debt funds collect money from investors including individual investors like you and invest in debt investments like bonds, government securities among others. Thanks to their investments in lower risk debt investments, your principal and returns may grow at a rate higher than inflation and more. Also, they experience relatively lower level of fluctuations.

For example, 10 year returns, as on September 30, 2016, Debt Fund Performance Index as per CRISIL was 8.4% while inflation was 8.28%#. However in case of one of our products below - Aditya Birla Sun Life Dynamic Bond the compounded annual growth has been 10%* in the last 10 years.
See Fund Performance

Typical savings bank account interest rate, debt funds are more tax efficient. If you remain invested in a debt fund for 3 years or more, you can avail of long term capital gains tax of 20% and also get indexation benefit. This in effect, brings down your tax rate even further. Meanwhile, interest income on your savings account of fixed deposit continues to get taxed at the marginal rate, 30% for higher income group.

Invest in a debt fund based on your investment time frame.

In this backdrop, we strongly recommend the following Aditya Birla Sun Life Debt oriented schemes. Have a look at the ideal time horizon to stay invested in the image below.

For the above changes, you may refer link for content -

# labourbureau.nic.in
* 1 year rolling return calculated on a daily basis for a period from September 30, 2006 to September 30, 2016
** 3 year rolling return calculated on a daily basis for a period during September 30, 2013 to September 30, 2016
*** Top funds selected based on AUM and vintage

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Easy Cash Swipe in, Swipe out - cash stays close to you so remove it at your convenience.

Daily or weekly dividend option.

Auto SIP SWP – Set periodical SIP and SWP (Systematic withdrawal plan) to earn while you are busy working.

Calculator

Have some idle cash in your bank account?
Use our calculator below and aim to gain in a short period of time over your bank account.

Ideal investment horizon is suggested between 30 to 90 days

Are you convinced? Let us call you.

Return (%)

    Pretax Return Earned (Rs.)

      The calculator, based on assumed rate of returns, is meant for illustration purposes only. Past Performance may or may not be sustained in future. The comparison of Aditya Birla Sun Life Cash Manager Vs other traditional savings instruments has been given for the purpose of the general information only. Returns & Data as on 30th April 2016. Source of Interest Rates: BSL Cash Manager: Weekly Rolling returns calculated on a monthly basis for the last 10 years - 1st May 2006 to 30th April 2016. * Assuming the highest tax bracket. Source: RBI, MFIE.


      About Cash Manager

      Sometimes in our life, we take a lot of things for face value and not dig deep enough to realize their true potential. Similarly, we tend to do the same with our hard earned money by leaving it in our bank account and depriving ourselves the chance to unleash its true power.

      With Aditya Birla Sun Life Cash Manager, give yourself the chance to create wealth by investing in a fund that not only keeps your money easily accessible but also offers you an opportunity to earn a little more.

      Investment objective
      • The objective of the scheme is to provide income which is consistent with portfolio through investments in a basket of debt and money market instruments of very short maturities with a view to provide reasonable returns.

      Our Approach
      • The aim of the investment strategy is to provide stable returns by minimizing the interest rate risk in the short as well as long term. The Scheme aims to identify securities, which offer superior levels of yield at lower levels of risks. Liquidity will also be an important criterion and a reasonable proportion of the investment will be made in relatively liquid investments. In addition, the Fund Management team will study the macro-economic conditions affecting liquidity and interest rates. The Fund Manager would use this analysis to attempt to predict the likely direction of interest rates and position the portfolio appropriately to take advantage of the same.

      Liquidity
      • You can redeem your investment in BSL Cash Manager anytime as per your convenience. You can avail of the direct credit facility to your bank account and the redemption amount normally gets credited to your registered bank account with the Fund normally within two working days from date of receipt of redemption request. For the latest load structure applicable to the scheme, please visit mutualfund.birlasunlife.com

      Daily or Weekly Dividend Option
      • BSL Cash Manager gives you an opportunity to choose between daily and weekly dividend options.


      Investors should note that declaration of dividends is at the discretion of Trustees and subject to availability of distributable surplus and there is no guarantee or assurance on the frequency or quantum of dividends.

      Invest in a debt fund based on your investment time frame.

      Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

      Identifying opportunities
      Superior yields at acceptable levels of risk
      About Short Term Opportunity Fund

      When it comes to investing, the most important thing is to find the right opportunity, at the right time. Aditya Birla Sun Life Short Term Opportunities Fund is one such scheme that focuses on enhancing the portfolio returns by identifying mispriced credit opportunities in the market and selectively investing in them. The scheme invests in instruments that offer superior yields at acceptable levels of risk to enhance the returns. To manage risks, the Fund predominantly invests in short and medium term securities. The fund will also emphasise collaterals/covenants where it believes is required.

      Features of Savings Schemes
      • Mutual fund options for low- medium risk propensity

      • Invests in debt & money market instruments, which are relatively stable investment options than Equity market

      • Indexation benefit if invested for more than 3 years

      • Products availability as per the investment time horizon

      You should invest in this scheme if looking for
      • An investment opportunity for 9-15 months with moderate risk instruments

      • Liquidity

      • Tax efficient returns

      How to measure your scheme’s performance
      • Always measure the performance against the benchmark

      • Evaluate performance on long term basis

      • The performance is a combination of capital appreciation, dividends, Tax savings etc

      • Ignore short term fluctuations or under-performance for long term goals

      Invest in a debt fund based on your investment time frame.

      Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

      In depth credit research
      Identifying opportunities
      Accrual investment strategy
      About Medium Term Plan

      When it comes to investing, traditional modes of investment may be a safe option. But when it comes to wealth-creation, the need is for a different approach. Or rather, a diversified one!

      Aditya Birla Sun Life Medium Term Plan is one such scheme which aims to identify securities which offer high yields at lower levels of risk and selectively invest in them. The primary objective of the scheme is to generate regular income through investments in debt and money market instruments in order to make regular dividend payments to unit holders and secondary objective is to achieve growth of capital.

      How does Aditya Birla Sun Life Medium Term Plan work?
      • Consistent cash flow with variable credits

        Focus: Identifying reliable companies
        Seek: Build a balanced credit profile with high yields from a long-term perspective

      • Trading / Capital Appreciation

        Re-rating opportunities: Potential of re-rating opportunities in a relatively less understood credit space
        Duration opportunities: Occasional duration opportunities across corporate bonds & G-Secs

      • Credit
        Spreads

        Benefit: Mispriced credits lower down the credit curve
        Seek: Capitalise on spreads to improve portfolio YTM during comfortable rate & liquidity environment

      • Potential
        Yields

        An important element of active duration management is to consciously balance the credit risk vs. duration with quality maintained at all stages of actual investment process


      The Scheme could benefit from the extensive Credit Research capabilities & Deal Structuring ability of Birla Sun Life Asset Management Company Limited

      Investment Approach
      • Credit Analysis & Portfolio Management:
        Bonds’ selection would be based on an in-depth credit research & evaluation to benefit from structuring of higher yields with balanced levels of risk.

      • Low / Moderate Duration:
        The credit spreads have already begun to widen after remaining at historical lows for a while. Hence, time is opportune to benefit from the still high absolute yields (AA, A segments) along with the opportunity of benefiting from the favourable spread movement.

      • Accrual Portfolio:
        The scheme intends to run an accrual in the portfolio which involves buying a bond and holding it till maturity, thereby primarily gaining from the accrued interest.

      Factors supporting the need to invest in Aditya Birla Sun Life Medium Term Plan
      • Consumer Price Index reduced by over 600 bps in the last two years and is expected to remain in a narrow band of 5-6%

      • Wholesale Price Index is expected to rebound due to base effect in 2016; providing pricing impetus to corporate India

      • CAD is expected to be in a reasonable and manageable range limit of 1-2%

      • Source: Bloomberg; BSLAMC

      • Base rate calculation has been made marginal cost of funding based; cuts may support both India Inc, as well as banks grappling with NPAs

      • Source: Bloomberg; BSLAMC

      • Public capex has been the key contributor to domestic demand growth in the last 12 months

      • Employees expect wage hikes as per the 7 th Pay Commission

      • With a macro adjustment process being underway, the fiscal & monetary policy might eventually work towards driving the growth momentum

      • Source: Morgan Stanley Research, BSLAMC. Data as on 29th Jan 2016
      The Investment Philosophy
      • Stability

        Credit risk assessment process: Built on the premise of zero tolerance for default
        Assessment of key risks: Business (asset side) Financials (liability side) Management (integrity & capability)

      • Liquidity

        Build: Self-liquidating portfolios
        Focus: Controlled mismatch between asset-liability

        Build: Sufficient portfolio quality to facilitate unanticipated liquidity generation

      • Diversification

        Strategic investment decisions: Follows the strategy of diversification
        Focus: Big view (very long-term) Medium-term view (business cycle) Short-term view (seasonal view)

      Aditya Birla Sun Life Medium Term Plan in a nutshell
      • BENCHMARK

        CRISIL AA SHORT TERM BOND INDEX

      • Investment Objective

        The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to nit holders & its secondary objective is growth of capital.

      • Load Structure

        Entry Load: Nil

        Exit Load: For redemption / switch-out of units within 365 days from the date of allotment: 2.00% of applicable NAV.

        For redemption / switchout of units after 365 days but before 730 days from the date of allotment: 1.00% of applicable NAV.
        For redemption / switch-out of units after 730 days from the date of allotment: Nil.

      • Duration

        Normal portfolio duration range is 1– 5 years.
        Suitable for investors with investment horizon of 24 months or upwards.

      • Plans/Options

        The scheme will have Regular Plan and Direct Plan with a common portfolio and separate NAV’s. Each of the above (Regular and Direct) Plan under the scheme will have the following options:
        (1) Growth Option
        (2) Dividend Option with Payout, Reinvestment and Sweep Facility
        (3) Quarterly Dividend Option with Payout and Reinvestment Facility and
        (4) Half Yearly Dividend Option with Payout and Reinvestment Facility

      • Min. Application Amt.

        Minimum of Rs.5000/- and in multiples of Rs.1000/- thereafter.


      For further details on the Scheme, investors can refer to Scheme Information Document and Key Information Memorandum on website of the Fund.

      Invest in a debt fund based on your investment time frame.

      Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

      Easy access to your money

      You are free to redeem your investments since there is no restriction on redemption.

      High Quality Investments

      High quality corporate bonds and government securities.

      Flexibiblity

      Aditya Birla Sun Life Dynamic Bond Fund' aims to perform whether the interest rates go up or down.

      About BSL Dynamic Bond Fund

      Life as we know always shows us different phases. These extreme situations are there to make us stronger each time we pass through them. The real winner is the one who not only stands tall but also performs in all such scenarios. And this is possible only when we plan ahead and are prepared for all conditions.

      'Aditya Birla Sun Life Dynamic Bond Fund' aims to perform whether the interest rates go up or down. This dynamic nature to shift the investment strategy with the changes in interest rates gives it the required foresight.

      How can you benefit?
      If interest rates are likely to rise, BSL Dynamic Bond Fund is flexible enough to change its investments to short-term bonds that mature faster. This way it can invest in newer bonds of higher rates, so that you can benefit from any rise in interest rates over time.
      Once the interest rates are likely to have reached their peak, BSL Dynamic Bond Fund has the option to invest in long-term bonds so that your investment benefits from high interest rate for a longer term, and also if interest rates fall.
      If interest rates are likely to fall, you may still gain!
      Here's how: Suppose you own a bond with an interest rate of 9% and the rate falls to, say, 7%. That makes your bonds better than newly issues ones. So it can be sold for a profit.
      Thus today, you tend to gain from high interest rates; tomorrow if the interest rate falls, you could make a little extra by selling your bond at a premium.

      Earlier paragraphs explain the intended functioning of BSL Dynamic Bond Fund and does not guarantee positive returns in rising and falling interest rate scenarios, since value of investment made may be affected by other factors not limited to Mark to Market losses. Further, bond values may fluctuate in response to the financial condition of individual issuers, changes on interest rates and general market & economic conditions. The portfolio of the scheme is subject to changes in line with the provisions of the Scheme Information Document (SID) of the scheme. Please refer to the SID for details on assets allocation, investment strategy and scheme specific risk factors.
      High Quality Investments
      Aditya Birla Sun Life Dynamic Bond Fund predominantly invests in high quality corporate bonds and government securities.
      Easy access to your money
      You are free to redeem your investments since there is no restriction on redemption. Your redeemed amount will normally be credited to your bank account registered with the Fund within 10 working days from date of receipt of redemption request. A nominal exit load of 1% is charged, if you redeem / switch - out up to 365 days from the allotment date. For withdrawals anytime after 365 days, you need not pay any exit load.

      Invest in a debt fund based on your investment time frame.

      Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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