Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Retirement Fund - The 40s Plan - Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Retirement Fund - The 40s Plan

An open-ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)

Investment Objective

The plan aims to invest predominantly in equity and equity related instruments with marginal allocation to debt and money market instruments.

The primary investment objective of the Scheme is income generation and capital appreciation for its investors which will be in line with their retirement goals by investing in a mix of equity, equity related instruments along with debt and money market instruments.

The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

This product is suitable for investors who are seeking

  • Long term capital growth and income
  • Investments predominantly in equity and equity related securities as well as debt and money market instruments

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Fund Details

  • Fund Type - Open-Ended
  • Class - Solution
  • Category - Retirement
  • Min Investment - Rs. 1000 & in multiples of Re.1 thereafter
  • Fund Manager - Mr. Pranay Sinha & Mr. Ajay Garg
  • Latest NAV - 9.533 (as on 20-Aug-2019)
  • Inception Date - Feb 18, 2019
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Fund Performance

Trailing Return

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*Annualized returns are displayed for 1 year and above.

Annualized Returns

Fund Management

  • Mr. Pranay Sinha

    Total Experience : 13 years

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    Pranay Sinha is a Fund Manager with Aditya Birla Sun Life AMC Limited (ABSLAMC). Pranay has an overall experience of close to 13 years, with over a decade in fund management and trading in Indian Rates markets. He also has experience in currency trading.

    Prior to joining ABSLAMC in 2014, Pranay has worked with BNP Paribas Bank, Morgan Stanley Investment Management Private Limited and ICICI Prudential Asset Management Company Limited.

    Pranay has done his MBA from IIM Kolkata and holds a B.Tech degree in Aerospace Engineering from IIT Kharagpur.
  • Mr. Ajay Garg

    Total Experience : 22 years

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    Ajay Garg is Senior Fund Manager at Aditya Birla Sun Life AMC Limited (ABSLAMC). Ajay has over two and a half decades of experience in financial services and an extensive understanding of Indian equity markets.

    Prior to joining ABSLAMC in 2003, Ajay was with American Express Bank and certain brokerage firms.

    An alumni of Hartmann College Class of 1987, Ajay is an Electronics Engineer from Bangalore University, and an MBA Finance from Mumbai University.
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Fund Summary

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Highlights

  • Diversified portfolio with a mix of equity and debt
  • Long term wealth creation with less volatility

Retirement is an inevitable part of every individual’s life and when one retires one needs a dedicated retirement fund to meet the expenses which they incur after retirement. Besides meeting post retirement expenses, many individuals also want to create a legacy for their loved ones and so try and build a corpus for the same. Either for meeting the lifestyle expenses after retirement or for creating a legacy, retirement planning becomes essential. To ensure that one has substantial corpus at the time of retirement, the building blocks should be laid when the individual has an active working life and can save for retirement.

Aditya Birla Sun Life Retirement Fund – The 40s Plan is a specially created investment scheme which aims to create a substantial corpus for the investor when he/she retires. The scheme is meant for individuals in their 40s who have around 20 years to plan for their retirement. When individuals are in their 40s, their disposable income might be high. This high income can be channelled in equities and debt instruments with an aim to yield a reasonable corpus by the time of retirement. This scheme, therefore, aim to invest 65% to 80% of the fund in equity &equity related instruments and the remainder in debt and money market instruments. A high equity exposure aim for reasonable returns and the mix of debt gives the fund some stability.

This scheme also provides investors with an option to opt for trigger facility which changes the asset allocation of the portfolio as the investor steps into another age bracket. To illustrate, when the investor crosses 50 years of age, the investment in the 40s plan is shifted to the 50s plan so that the corpus is managed keeping in mind the remaining time to retirement and the changing risk profile of the investor. The Fund Benchmark is CRISIL Hybrid 35+65 -Aggressive Index.

Key Features

  • Multi Plan SIP Facility: SIP can be done in more than one plan in this fund to avail the benefit of multiple asset allocations.
  • Lump sum Investments: Apart from SIP saving, lump sum money can also be invested from time to time in any plan of your choice in this fund. For example you can invest your performance bonus or any other lump sum money received in this scheme at any point of time.
  • Trigger Facility: This fund would facilitate seamless transition of risk profile and asset allocation. As one grows older and reaches new milestones of life, it calls for automatic changes in asset allocation (change of one plan to another). To illustrate, when you turn 40, the investment plan would automatically change from The 30s plan to The 40s plan. Similarly, the investment plan would change to 50s, as you turn 50.
  • Step Up SIP: Disciplined savings started early in life have to be stepped up as income grows to build a larger corpus for the retirement goal. As income grows over years, savings can be stepped up using this facility with an aim to achieve your retirement goal faster.

Aditya Birla Sun Life Retirement Fund - The 40s Plan

An open-ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)

This product is suitable for investors who are seeking

  • Long term capital growth and income
  • Investments predominantly in equity and equity related securities as well as debt and money market instruments

 

*We recommend investors to consult their financial advisers in case of doubt about whether the product is suitable for them.

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Disclaimer

*Second Income/Regular Income/Monthly Income is not assured and is subject to availability of distributable surplus. Dividend distribution in the form of regular income to individual investors is subject to dividend distribution tax (DDT) of 13.5188% which is deducted by the fund house. For individual nature of tax implications, investors are requested to consult their tax advisors before investing.

**The portfolio of the scheme is subject to changes within the provisions of the Scheme Information Document. Please refer to the Scheme Information Document for asset allocation, investment strategy, and risk factors.

+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. The NAV of the scheme pursuant to a payout of the dividend would fall to the extent of the payout and statutory levy (if applicable). For individual nature of tax implications, investors are requested to consult their tax advisor before investing.

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