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The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Aditya Birla Sun Life Mutual Fund (ABSLMF), securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America ("US") and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under the US Securities Act of 1933, as amended) and persons of Canada.
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BSL MIP seeks to provide regular income along with an opportunity to grow your money through fixed income investments and a limited exposure to the equity markets.
|Investment Performance - Regular Plan - Growth||NAV as on December 30, 2010: Rs. 43.0220|
|Date of Inception: Nov 20, 2000||NAV Per
Life MIP (%)
Index # (%)
|Value of Standard Investment of Rs 10000 in|
|Since inception till December 30, 2016 (CAGR)||10.0000||9.47||N/A||N/A||43022||N/A||N/A|
|December 31, 2015 to December 30, 2016 (Absolute)||38.9606||10.42||11.55||14.97||11042||11155||11497|
|December 31,2014 to December 31,2015 (Absolute)||37.0176||5.25||6.79||7.39||10525||10679||10739|
|December 31,2013 to December 31,2014 (Absolute)||32.0671||15.44||16.83||14.14||11544||11683||11414|
# Scheme Benchmark, ## Additional Benchmark, *As on start of period considered above.
Past performance may or may not be sustained in future. Returns for dividend option would assume reinvestment of dividends declared, net of dividend distribution tax, if any, at the then prevailing NAV. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Performance of scheme may or may not be strictly comparable with that of its additional benchmark in view of hybrid nature of scheme. Total Schemes Co-Managed by Fund Managers is 4. Total Schemes managed by Mr. Vineet Maloo is 16. Total Schemes managed by Mr. Pranay Sinha is 6. Refer annexure on page no. 67 of Empower to know more on performance of schemes managed by Fund Managers. ‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com.
Total Experience : 13 years
Total Experience : 11 years
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Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.
Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.
Birla Sun Life Monthly Income Plan (BSL MIP) is an open-ended income scheme which seeks to create regular income through investments in fixed income securities so as to make monthly payments or distribution to unit-holders. Its secondary objective is growth of capital through investments in equity. Birla Sun Life MIP is primarily a debt oriented fund that seeks to ensure an uninterrupted flow to unit holders with an additional objective of capital growth.
Creating a more rewarding regular income stream
BSL MIP seeks to provide regular income with an opportunity to grow your money through fixed income investments and a limited exposure to equities. Under normal market conditions, it invests primarily in various debt securities, besides cash and cash equivalents. At the same time, it maintains a small exposure to equity markets. It also gets income from coupon payments from debt securities, the amortization of the discount on debt investments, dividends and purchase and sale of securities.
The scheme would adopt a bottom-up approach to investing. The investment emphasis of the scheme will be in identifying companies with a strong competitive position in good businesses, and having quality managements. Essentially, the focus would be on long term fundamentally driven values. The fixed income investment strategy would emphasise investment in instruments that generate consistently superior yields at low levels of risk.
(An open ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus)*
*We recommend investors to consult their financial advisers in case of doubt about whether the product is suitable for them.
For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.