A Guide To Aditya Birla's Mutual Fund Investment

Aditya Birla Sun Life Mutual Fund (ABSLMF) is one of India's largest mutual fund companies, with 78.9 lakh investor accounts as of March 31, 2024. The company is a joint venture between Aditya Birla Capital Limited and Sun Life AMC Investments, a Canada-based financial services company. ABSLMF offers a wide range of mutual fund schemes, including equity, debt, hybrid, and solution-oriented funds. With a PAN-India presence across 290+ locations, ABSLMF makes it convenient for investors across the country to access their financial services. In this guide, we will take you through the process of investing in Aditya Birla Mutual Funds, highlighting the key steps, requirements, and platforms available for investment.

How to invest in Aditya Birla Sun Life Mutual Fund online

Aditya Birla Sun Life Mutual Fund is an asset management company (AMC) that offers a range of mutual fund schemes to help investors grow their wealth through professionally managed portfolios. The company was established in 1994 as a joint venture between the Aditya Birla Group and Sun Life Financial Inc. of Canada and is now one of the largest AMCs in India.

Step 1: Complete your KYC

Before investing in any mutual fund in India, it is necessary to complete your Know Your Customer (KYC) process. You can do this through the website of the AMC or through third-party investment platforms such as Groww, Paytm Money, or ET Money. You will need to provide proof of identity and address, such as a PAN card, driving license, Voter ID card, Aadhaar, utility bills, etc.

Step 2: Choose an investment platform

You can invest in Aditya Birla Sun Life Mutual Fund schemes through the AMC's website or via various online investment platforms. If you choose to invest through the AMC's website, you will need to download the application form and submit it online. If you invest through a third-party platform, you can skip this step.

Step 3: Select a mutual fund scheme

Aditya Birla Sun Life Mutual Fund offers a wide range of schemes across different risk-return profiles, including equity, debt, and hybrid funds. Choose a fund that aligns with your financial goals, investment horizon, risk appetite, and return expectations. You can refer to the list of top-performing funds on the AMC's website or third-party platforms for guidance.

Step 4: Decide on the investment mode and amount

You can choose to invest in Aditya Birla Sun Life Mutual Fund schemes through a Systematic Investment Plan (SIP) or a lump sum investment. A SIP allows you to invest a fixed amount regularly, while a lump sum investment is a one-time investment. Decide on the amount you want to invest, keeping in mind the minimum investment amount for the chosen scheme.

Step 5: Make the payment

After selecting the investment mode and amount, proceed to make the payment. You can use various payment methods such as Auto Pay, Netbanking, or UPI.

By following these steps, you can easily invest in Aditya Birla Sun Life Mutual Fund schemes online and start growing your wealth. Remember to consider your financial goals and risk appetite when choosing a mutual fund scheme, and always invest wisely.

How to invest in Aditya Birla Sun Life Mutual Fund offline

Investing in Aditya Birla Sun Life Mutual Fund offline is a straightforward process. Here is a step-by-step guide on how to do it:

Step 1: Gather the Required Documents

Before investing, ensure you have the necessary documents for KYC (Know Your Client) compliance. This includes proof of address and proof of identity. Here is a list of acceptable documents:

• PAN Card (mandatory)
• Any other valid identity card issued by the Central or State Government
• Bank account statement or passbook
• Utility bills such as electricity or gas bills

Step 2: Submit the Application Form

You can invest in Aditya Birla Sun Life Mutual Fund schemes offline by submitting an application form to their office. You can download the form from their website or obtain it from their branch office. Fill out the form and submit it along with the required documents.

Step 3: Make Your Investment

After submitting the application form and documents, you can proceed to make your investment. Aditya Birla Sun Life Mutual Fund offers various investment options, including:

• Equity schemes
• Debt schemes
• Hybrid schemes
• Commodity schemes

You can choose the investment option that aligns with your financial goals, risk appetite, and return expectations. The minimum investment amount varies depending on the scheme, but it typically starts from ₹1,000 for a lump sum investment and ₹500 for Systematic Investment Plans (SIPs).

Step 4: Track Your Investment

Once you have made your investment, you can track its performance and manage your portfolio. Aditya Birla Sun Life Mutual Fund provides an online account access facility that allows investors to view their folio and transact online 24/7. To avail of this facility, you need to register online or by submitting a form at their branch office. You will receive login credentials to access your account and track your investments.

Additionally, you can also track your investments through platforms like ET Money, which offer comprehensive portfolio tracking and valuable insights into the fund's performance, returns consistency, and other essential information.

How to invest in Aditya Birla Sun Life Mutual Fund as a first-time investor

Aditya Birla Sun Life Mutual Fund (ABSLMF) is one of the largest asset management companies in India, with a presence in over 247-290 locations across the country. It was established in 1994 as a joint venture between the Aditya Birla Group and Sun Life Financial Inc. of Canada. ABSLMF offers a wide range of mutual fund schemes to help investors grow their wealth, including equity funds, debt funds, hybrid funds, and solution-oriented funds.

• Complete your Know Your Customer (KYC) process: As a first-time investor, you need to submit documents for KYC, which includes proof of address and proof of identity. The required documents include a PAN card (mandatory), any other valid identity card issued by the government, bank account statement, utility bills, Aadhaar card, Voter ID, Driving License, etc. You can submit your KYC online through platforms like ET Money, which offers a fast and paperless process. It usually takes around 3-5 working days for the verification.
• Choose an investment platform: You can invest in Aditya Birla Sun Life Mutual Fund schemes through their official website, a distributor, or various online investment platforms like Groww, Paytm Money, or ET Money. Each platform has its own set of benefits, such as lower fees or additional investment insights.
• Select an Aditya Birla Sun Life Mutual Fund scheme: ABSLMF offers a wide range of mutual fund schemes catering to different financial goals, including wealth creation, tax-saving, and regular income. Choose a scheme that aligns with your investment goals, risk appetite, and return expectations. Some popular schemes include:

• Aditya Birla Sun Life ELSS Tax Saver Fund
• Aditya Birla Sun Life Frontline Equity Fund
• Aditya Birla Sun Life Pure Value Fund
• Aditya Birla Sun Life PSU Equity Fund

• Decide on the investment mode and amount: Determine whether you want to invest through a Systematic Investment Plan (SIP) or a lump sum investment. SIP allows you to invest a fixed amount regularly, while lump sum is a one-time investment. The minimum investment amount varies depending on the scheme and the investment mode, but it can be as low as ₹100 for SIP and ₹500 for lump sum.
• Complete the investment process: Follow the specific steps provided by your chosen investment platform. For example, on the Paytm Money app:

• Search for the respective AMC (Aditya Birla Sun Life Mutual Fund) on the home screen.
• Select a mutual fund scheme of your choice and tap on 'Invest Now'.
• Choose between SIP or lump sum mode and enter the investment amount.
• Make a payment using Auto Pay, Netbanking, or UPI.

• Provide the required documents: As a first-time investor, you need to submit your bank account details and nominee and FATCA declarations.
• Monitor your investments: After investing, you can track the performance of your mutual fund schemes through the chosen investment platform, ABSLMF's website, or external portfolio tracking tools.

Remember, mutual fund investments are subject to market risk, and past performance does not guarantee future returns. It is essential to carefully consider your financial goals, risk tolerance, and investment horizon before investing.

How to invest in Aditya Birla Sun Life Mutual Fund as an existing investor

Investing in Aditya Birla Sun Life Mutual Fund as an existing investor is a straightforward process. Here is a detailed guide on how to do it:

Step 1: Choose Your Scheme

Aditya Birla Sun Life Mutual Fund offers a wide range of schemes catering to different financial goals, investment horizons, and risk appetites. As an existing investor, you can choose to invest in the same scheme or opt for a different scheme offered by the fund house. Their schemes include equity funds, debt funds, hybrid funds, and more. Select the scheme that aligns with your investment objectives and risk tolerance.

Step 2: Decide on the Investment Amount and Type

Determine how much you want to invest additionally in the chosen scheme. Aditya Birla Sun Life Mutual Fund offers flexibility in terms of investment amounts, typically starting from as low as ₹100 for a lump sum investment and ₹500 for a Systematic Investment Plan (SIP). You can invest a lump sum amount or choose to invest through an SIP, which allows you to invest at regular intervals.

Step 3: Online Purchase of Additional Units

As an existing investor, you can take advantage of the online investment facility provided by Aditya Birla Sun Life Mutual Fund. Here's how to do it:

• Visit the LOGIN SECTION of the Aditya Birla Sun Life Mutual Fund website.
• Generate your CIP/TPIN by entering your folio number and registered email address. The CIP/TPIN will be sent to your email.
• Once you receive the CIP/TPIN, log in to the website using your folio number and unique CIP/TPIN.
• Follow the step-by-step process to invest in your chosen scheme.

Alternatively, you can also invest by filling out the 'Additional Purchase Slip' provided with your account statement or downloaded from the website. Submit the slip along with a duly filled cheque at any of the fund's official points of acceptance. Remember that investments of ₹50,000 or more require compliance with Know Your Client (KYC) norms.

Tips and Other Information:

• Online investments offer convenience and speed. To activate your online account with Aditya Birla Sun Life Mutual Fund, ensure that you have your email registered and an online banking account set up for making the investment.
• You can modify or stop your SIP at any time through their website or by visiting their branch office.
• Mutual fund investments are subject to market risks, and there is no guarantee of returns. Always assess your financial goals, risk tolerance, and investment horizon before investing.
• Aditya Birla Sun Life Mutual Fund is one of India's largest mutual fund companies, offering a wide range of schemes managed by experienced fund managers.

How to invest in Aditya Birla Sun Life Mutual Fund via Groww

Aditya Birla Sun Life Mutual Fund (ABSLMF) is a joint venture between the Indian company Aditya Birla Capital Limited and the Canada-based financial service company Sun Life AMC Investments, Inc. The company has been operating in the Indian financial landscape since 1994 and is currently one of the largest asset management companies in the country.

ABSLMF offers over 40 mutual fund schemes, including equity funds, debt funds, and hybrid funds. Here is a step-by-step guide on how to invest in Aditya Birla Sun Life Mutual Fund via Groww:

Step 1: Register for a Groww account

If you are a new user, you will need to create an account on the Groww platform. If you are an existing client, simply log in to your account.

Step 2: Upload documents

You will need to provide proof of identity and address. Acceptable documents for proof of identity include a driving license, Voter ID card, passport, PAN card, or Aadhaar card. For proof of address, you can upload utility bills, Aadhaar card, or your passport.

Step 3: Select your investment period and risk level

Choose an investment period that you are comfortable with, and select your preferred level of risk—high, medium, or low.

Step 4: Choose an Aditya Birla Sun Life Mutual Fund

Groww offers a range of Aditya Birla Sun Life Mutual Fund schemes to choose from, including:

• Aditya Birla Sun Life ELSS Tax Relief 96 Fund
• Aditya Birla Sun Life ELSS Tax Saver Fund
• Aditya Birla Sun Life Flexi Cap Fund
• Aditya Birla Sun Life Small Cap Fund
• Aditya Birla Sun Life Mid Cap Direct Fund
• Aditya Birla Sun Life Pure Value Direct Fund
• Aditya Birla Sun Life Frontline Equity Direct Fund
• Aditya Birla Sun Life Equity Hybrid '95 Fund
• Aditya Birla Sun Life Equity Advantage Fund
• Aditya Birla Sun Life Corporate Bond Fund

Step 5: Choose your investment type

Decide if you want to make a Systematic Investment Plan (SIP) investment or a one-time lump sum investment.

By following these steps, you can complete the investment process on Groww in a few minutes. Your Aditya Birla Mutual Funds purchases will reflect in your Groww account within 3-4 business days.

Frequently asked questions