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The primary objective of the scheme is to generate regular income through investment in a portfolio comprising of money market instruments.
Systematic Transfer Plan (STP) allows investors to save in both asset classes by transfering a fixed amount from one scheme and invest in another scheme
Investors have the option of:
Minimum Balance in the scheme at the time of enrollment for STP facility:
Minimum Transfer Amount
For STP installments greater than Rs.500 but less than Rs.999, Investors are required to instruct for minimum 12 transfers of Rs.500 and in multiples of Re. 1thereafter. For STP installments of Rs.1000 and above, Investors are required to instruct for minimum 6 transfers of Rs.1000 and in multiples of Re. 1 thereafter.
Systematic Withdrawal Plan allows investors to withdraw a fixed amount of money from their mutual fund to build sustainable income streams while saving on Tax also
Investors have the option of:
Fixed Withdrawal - which allows investors of the Growth Plan to withdraw a fixed amount at regular intervals. Investors can withdraw fixed amount of Rs1,000/- each and above at regular intervals.
Appreciation Withdrawal - which allows investors of Growth Plan to withdraw the appreciation amount at regular intervals. Investors can withdraw appreciation of Rs1,000/- and above at regular intervals.
For Fixed Withdrawal Option: Investors can withdraw fixed amount on 1 or 7 or 10 or 14 or 20 or 21 or 28 of month/quarter/Half yearly and Annually for minimum 6 months/ 4 quarter/2 half years and 1 year. For Appreciation Withdrawal Option: Investors can withdraw appreciation on the 1 of each month/quarter for minimum 6 months/ 4 quarter.
Capital Appreciation Transfer Plan (CATP) allows investors to preserve their capital and transfer only capital appreciation to another asset class / scheme at regular intervals
Total Experience : 17 years
Total Experience : 15 years
Total Experience : 14 years
Use this tool by entering any amount you would have invested to calculate how much it would be worth today.
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.
There are many investors who seek better returns in the short-term without taking undue risks. This scheme is tailored for such investors. It tries to optimise returns for the investors by designing a portfolio of investments comprising mostly of floating rate debt investments of around an average tenure of 3 years
Better returns without undue risks
Aditya Birla Sun Life Money Manager Fund is an open-ended income fund that primarily invests in floating rate debt securities. The scheme invests in floating rate securities to reduce volatility in prices arising out of unfavorable interest rate movements.Unlike fixed rate debt securities, a floating rate debt security can adjust to a change in the interest rate in the economy and faces lesser fluctuations in the price of the debt security.
The aim of the investment manager will be to allocate the assets of the scheme between various fixed interest rate securities and floating interest rate securities and use derivatives like swaps and FRAs effectively with the objective of achieving stable returns. The portfolio of the Long Term Plan will be normally skewed towards longer term maturities. The Fund Benchmark is CRISIL Liquid Fund Index.
(An open ended debt scheme investing in money market instruments)
*Investors should consult their financial advisers if in doubt whether the product is suitable for them
For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.