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Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Dividend Yield Plus Fund |Dividend Yield Plus Fund - ABSLMF

Aditya Birla Sun Life Dividend Yield Fund

(An open ended equity scheme predominantly investing in dividend yielding stocks)

Class: Equity
Category: Dividend Yield
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Investment Objective

The investment objective of the scheme is to provide capital growth and income by investing primarily in a well diversified portfolio of dividend paying companies that have a relatively high dividend yield.

This product is suitable for investors who are seeking

  • Long term growth in capital
  • Investments in equity and equity related securities providing high levels of dividends relative to their share prices

Value Added Products:

Systematic Investment Plan - Available Online & Offline for Direct & Regular investors to iron out intermittent market volatility and enable long term savings

Salient features of SIP:

Step-up SIP – This facility lets investors enhance the SIP amount during regular intervals. This allows you to make the most out of your SIP investments by increasing your contributions towards those schemes that are performing well. Additionally, you can also increase your investment amount when there is a hike in your pay.

Multi Scheme SIP Facility - The Facility enables investors to subscribe under various Schemes through SIP using a single application form and payment instruction.

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:

  • Daily Systematic Transfer Plan
  • Weekly Systematic Transfer Plan
  • Monthly Systematic Transfer Plan
  • Quarterly Systematic Transfer Plan


Minimum Balance in the scheme at the time of enrollment for STP facility:

  • Daily Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.10,000/-
  • Weekly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.6000
  • Monthly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.6000
  • Quarterly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.8000

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.

Withdrawal Frequency:

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.

Smart Withdrawal Facility offers fixed payment option & variable payment option to allow investor to receive income @@8% p.a. at fixed intervals or equivalent to dividend payment in the fund respectively. This helps in building regular cash flows, Tax efficiency, No TDS, No exit load impact. Available in BAF, Bal '95, BDYP, MIP 25, MTP, CBF, DBF, STOP

Capital Appreciation Transfer Plan (CATP) allows investors to preserve their capital and transfer only capital appreciation to another asset class / scheme at regular intervals

Century SIP - SIP to enable your long term wealth creation while providing Free Life Insurance of upto Rs 50 Lacs

Century SIP - In addition to the regular SIP facility for the Scheme, Aditya Birla Sun Life Century SIP (CSIP) gives the benefit of Free Life Insurance cover up to Rs.50Lacs. It is eligible for individual investors whose age is 18 years and above but less than 51 years, at the time of the first investment. In case of joint unit holders in the scheme, only the first unit holder would be eligible for the insurance cover.

Investment Amount in Century SIP

  • Minimum: Rs1000 per month
  • Maximum: No upper limit

Investors should note that once CSIP is availed, CSIP amount cannot be changed. However, investors can avail the step-up SIP feature.

Tenure of Century SIP

60 Years and less than the current completed age of the investor. If the investor has chosen an end date which is beyond 60 years of age the SIP will continue beyond the age of 60, however without any insurance benefits.

Amount of Insurance Cover:

If Century SIP continues, the insurance cover would be as follows:

  • Year 1 : 10 times the monthly Century SIP installment
  • Year 2 : 50 times the monthly Century SIP installment
  • Year 3 onwards : 100 times the monthly Century SIP installment

All the above mentioned limits are subject to maximum cover of Rs.50 lacs per investor across all schemes/plans/folios of the fund.

Fund Details

  • Fund Type - Open-Ended
  • Class - Equity
  • Category - Dividend Yield
  • Min Investment - Rs. 1000/-
  • Fund Manager - Mr. Satyabrata Mohanty & Mr. Vineet Maloo
  • Latest NAV - 167.63 (as on 22-Jan-2020)
  • Inception Date - Feb 27, 2003
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Fund Performance

Graphical Data Tabular Data

Trailing Return

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Funds are bucketed on various parameters with respect to other funds in their category.
*Annualized returns are displayed for 1 year and above.

Annualized Returns

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Annual Quarterly Monthly Weekly

Investment Performance - Regular Plan - Growth NAV as on December 30, 2010: Rs. 138.64
Date of Inception: Feb 26, 2003 NAV Per
Unit. *
(Rs)		 Birla Sun
Life Dividend
Yield Plus (%)		 Nifty 500 #
(%)		 Nifty 50 ## (%) Value of Standard Investment of Rs 10000 in
Birla Sun Life
Dividend
Yield Plus
(Rs)		 Nifty 500
#
(Rs)		 Nifty 50 ##
(Rs)
Since inception till December 30, 2016 (CAGR) 10.00 20.90 17.44 15.98 138640 92745 77986
December 31, 2015 to December 30, 2016 (Absolute) 135.12 2.61 3.84 3.01 10261 10384 10301
December 31,2014 to December 31,2015 (Absolute) 142.99 -5.50 -0.72 -4.06 9450 9928 9594
December 31,2013 to December 31,2014 (Absolute) 91.76 55.83 37.82 31.39 15583 13782 13139

# 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 tax free dividends declared at the then prevailing NAV. Load and Taxes are not considered for computation of returns. Total Schemes Co-Managed by Fund Managers is 3. Total Schemes managed by Mr. Satyabrata Mohanty is 12. Total Schemes managed by Mr. Vineet Maloo is 16. Refer annexure on page no. 67 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.

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Fund Management

  • Mr. Satyabrata Mohanty

    Total Experience : 17 years

    View Full Profile
    ​Mr. Satyabrata Mohanty is a CA, CFA. He has been part of Birla group since last 17 years. He has over 12 years of experience in Finance and Research. He has handled responsibilities across Fund Management (Equity & Debt), Trading and Credit Research functions. Prior to joining ABSLAMC, he has worked with Aditya Birla Management Corporation Ltd & joined ABG as a management Trainee.
  • Mr. Vineet Maloo

    Total Experience : ​11 years

    View Full Profile
    Vineet has 7 years of experience. He has been providing analytical support to the Chief Financial Officer of Hindalco Industries Limited, prior to which he has worked with Aditya Birla Management Corporation Ltd.
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Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
To check an all-time best return rate for equity funds, check how they've performed in the last 3 or 5 years.

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Your Investment Summary

  • Investment AmountRs 5000
  • Initial units per month 29.5
  • Current valueRs 50,000
  • Current NAV value 260
  • Current Units 30
  • XIRR

    Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.

         5.10%
  • Benchmark XIRR

    Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.

         8%

Portfolio and Sector Holdings

Top 10 Holdings (As on 31.12.2019)

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Issuer % to Net Assets
Top 10 Sector Holdings Chart

Fund Summary

Entry Load
Exit Load
Load Comments
NIL
1%: For redemption / switch-out of units within 365 days from the date of allotment (% of applicable NAV) NIL : For redemption / switch-out of units after 365 days from the date of allotment.
In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of this limit shall be subject to the given exit load.(w.e.f. October 10, 2016) **Exit Load is NIL for units issued in Dividend Reinvestment.

Highlights

  • Focussed on companies with high divdend yield
  • Investment in companies having robust cash flows
  • Reduced volatality on account of the above

Helps investors earn dividends and build wealth from one scheme

One of the best indicators of a company’s performance is its ability to share its profits with its investors. If a company shares a significant portion of its profit regularly and consistently with its investors, it indicates that it’s a well-performing company. If there is an investment opportunity by identifying any such company that might be undervalued, it could result in twin benefits of tax free dividend income and growth in capital, during a particular period. This is what Aditya Birla Sun Life Dividend Yield Fund does by identifying such investment opportunities consisting of companies providing high dividends relative to their share prices.

Get best of both worlds but with lesser risk

As the companies grow and exhibit their financial progress with steady growth and profit sharing through dividend distribution, they have steady share price appreciation and face lesser price volatility. High dividend payout often signals that there is enough cash generation in the business and that the stock might be under-priced given the high cash generating ability of the issuer. This provides investors an opportunity to earn regular dividend and good capital appreciation with lesser risk.

Discipline

Investing in stocks with high dividend yields is traditionally a 'Defensive Investment Strategy'. Using this approach, the scheme targets at achieving higher returns than would otherwise be available from interest bearing securities
(Bonds, FDs, CDs, Debentures etc.), but without taking undue exposure to the ups and downs of the stock markets.
It has been seen that share prices of companies having high dividend yield are less volatile than growth stocks. These companies which have a track record of dividend payment, are hence perceived as 'Shareholder Friendly'. The Fund Benchmark is S&P BSE Teck TRI.

Aditya Birla Sun Life Dividend Yield Fund

(An open ended equity scheme predominantly investing in dividend yielding stocks)

This product is suitable for investors who are seeking*

  • Long term growth in capital
  • Investments in equity and equity related investments providing high levels of dividends relative to their share prices

 

*We recommend investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Moderately High Risk
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  • KIM - Aditya Birla Sun Life Dividend Yield Fund
  • SID - Aditya Birla Sun Life Dividend Yield Fund

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Disclaimer

For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.

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