A Guide To Investing In Birla Sunlife Mutual Funds

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. Established in 1994 as a joint venture between the Aditya Birla Group and Sun Life Financial Inc. of Canada, it has since become one of the largest mutual fund companies in India, with a wide reach and diverse investment offerings. In this article, we will discuss how to invest in Aditya Birla Sun Life Mutual Fund, including the steps to invest, the types of funds available, and the documents required for investment.

How to invest in Aditya Birla Sun Life Mutual Fund online

Aditya Birla Sun Life Mutual Fund (ABSLMF) is one of the largest asset management companies in India, with a cumulative average of 3.31 lakh crores in assets under management (AUM) as of March 31, 2024. The company was established in 1994 as a joint venture between the Aditya Birla Group and Sun Life Financial Inc. of Canada.

Step 1: Complete your Know Your Customer (KYC) process

Before investing in any mutual fund in India, you must complete your KYC process. You can do this by submitting your proof of identity and address documents. Commonly accepted identity proofs include a driving license, Voter ID card, passport, PAN card, and Aadhaar card. Accepted address proofs include utility bills, Aadhaar card, and a passport.

Some platforms, like ET Money, allow you to complete your KYC process digitally in under two minutes by uploading photos of your identity and address proofs, along with a selfie and a live video for authentication.

Step 2: Choose an investment platform

You can invest in Aditya Birla Sun Life Mutual Fund schemes through the company's official website, a distributor, or various online investment platforms like Groww, Paytm Money, and ET Money. These platforms offer a simple and convenient way to invest and manage your mutual fund investments.

Step 3: Select your investment type and amount

Once you have chosen an investment platform, you will need to select the specific Aditya Birla Sun Life Mutual Fund scheme you want to invest in. You can choose between investing a lump sum amount or opting for a Systematic Investment Plan (SIP), which allows you to invest a fixed amount at regular intervals.

Step 4: Provide your personal and bank account details

After selecting your investment type and amount, you will need to provide your personal details, including your PAN card number, full name, and mobile number. You will also need to enter your bank account details and select your preferred payment mode.

Step 5: Complete the Know Your Customer (KYC) process

If you haven't already completed your KYC process, you will need to do so before finalizing your investment. This typically involves submitting the required documents or providing digital verification through a selfie and live video, depending on the platform.

Step 6: Process your transaction

Once your KYC documents have been verified, your transaction will be processed, and you will have successfully invested in your chosen Aditya Birla Sun Life Mutual Fund scheme.

It's important to note that investing in mutual funds carries a certain level of risk, and there is no guarantee of returns. Be sure to carefully consider your financial goals, investment horizon, risk appetite, and return expectations before investing.

How to invest in Aditya Birla Sun Life Mutual Fund offline

Aditya Birla Sun Life Mutual Fund (ABSLMF) is one of the largest mutual fund companies in India, with 78.9 lakh investor accounts. Established in 1994, it is a joint venture between the Aditya Birla Group and Sun Life Financial Inc. of Canada.

Step 1: Complete your KYC (Know Your Customer)

Before investing in any mutual fund in India, it is necessary to complete your KYC process. You can do this by submitting the required documents, including proof of address and proof of identity, to the fund house. The officially valid documents for KYC include:

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

Step 2: Submit the Application Form

If you are a new investor, you can download the application form from the Aditya Birla Sun Life Mutual Fund website or obtain it from their branch office. Complete the form and submit it to their branch office along with your KYC documents.

Step 3: Select a Mutual Fund Scheme

Aditya Birla Sun Life AMC offers a wide range of mutual fund schemes, including equity, debt, hybrid, and others (such as commodity schemes). Choose a fund that aligns with your financial goals, investment horizon, risk appetite, and return expectations. Some of their top schemes in terms of AUM are:

• ABSL Liquid Fund
• ABSL Frontline Equity Fund
• ABSL Money Manager Fund
• Aditya Birla Sun Life Frontline Equity Direct Fund-Growth
• Aditya Birla Sun Life Flexi Cap Fund Direct-Growth
• Aditya Birla Sun Life ELSS Tax Saver Direct-Growth

Step 4: Make the Investment

After submitting your application form and KYC documents, you can proceed to make your investment. You can choose to invest a lump sum amount or opt for a Systematic Investment Plan (SIP), which allows you to invest a fixed amount at regular intervals.

Remember to carefully review the terms and conditions of the selected mutual fund scheme before making your investment. Additionally, keep in mind that mutual fund investments are subject to market risk, and past performance does not guarantee future results.

How to modify an ongoing SIP in Aditya Birla Sun Life Mutual Fund

To modify an ongoing SIP in Aditya Birla Sun Life Mutual Fund, you can follow these steps:

Step 1: Log in to your account

Access the mutual fund's official website or the online investing portal you used to create the SIP mandate. Log in to your account by entering your credentials, such as your username and password.

Step 2: Navigate to the SIP management section

Once you are logged in, look for a section or tab specifically dedicated to managing your SIPs. This could be labelled as "SIPs", "My SIPs", or something similar.

Step 3: Select the SIP you want to modify

In the SIP management section, you will see a list of all your ongoing SIPs. Click on the specific SIP that you want to make changes to.

Step 4: Click on the modify/edit option

On the detailed view of the selected SIP, look for an option to modify or edit the SIP. This could be represented by three dots or a similar icon in the corner of the screen. Click on this icon to access the modification options.

Step 5: Make the desired changes

Depending on the options provided by Aditya Birla Sun Life Mutual Fund, you may be able to modify various aspects of your SIP, such as the investment amount, frequency, or fund allocation. Make the desired changes according to your needs.

Step 6: Confirm the modifications

After making the necessary changes, carefully review the details of your modified SIP. Once you are sure that all the information is correct, confirm the modifications. You may need to provide additional authentication, such as an OTP, to finalise the changes.

By following these steps, you can successfully modify your ongoing SIP in Aditya Birla Sun Life Mutual Fund. It is important to review the specific options and processes provided by the mutual fund platform, as there may be slight variations in the steps outlined above.

How to withdraw money from Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Mutual Fund is one of the largest mutual fund companies in India, with millions of investor accounts. The fund offers a wide range of schemes, including equity, debt, hybrid, and other funds, catering to diverse financial goals such as wealth creation, tax savings, and regular income. Withdrawing money from Aditya Birla Sun Life Mutual Fund can be done by following these steps:

Step 1: Understand the Type of Scheme

Before initiating a withdrawal, it is essential to understand the type of scheme you have invested in. Aditya Birla Sun Life Mutual Fund offers both open-ended and close-ended schemes. Open-ended schemes allow investors to withdraw their investments at any time, while close-ended schemes have a fixed maturity date, and withdrawals can only be made after the fund matures. Another important consideration is the lock-in period for certain types of funds, such as ELSS funds, which have a minimum lock-in period of three years.

Step 2: Check for Exit Loads and Other Terms

Some mutual fund schemes may have exit loads or other specific terms and conditions for withdrawals. It is crucial to review the scheme's details and understand any applicable exit fees or other charges before initiating a withdrawal. These details can usually be found in the scheme's offer document or on the Aditya Birla Sun Life Mutual Fund website.

Step 3: Redemption Process

To withdraw your investment, you will need to submit a redemption request. This can typically be done through the investor app or website provided by Aditya Birla Sun Life Mutual Fund. Log in to your account, select the scheme from which you wish to withdraw, and follow the instructions to initiate the redemption process. You may be required to provide specific information, such as the number of units you wish to redeem and your bank account details for the proceeds to be deposited.

Step 4: Processing Time

After submitting your redemption request, the money will be deposited into your bank account within a specified timeframe. For equity schemes, the redemption proceeds are typically credited within (T+3) working days, while for debt and liquid schemes, the timeframe is usually (T+1/T+2) working days. However, it is essential to refer to the specific scheme details (SID) for accurate processing times.

Step 5: Tracking Redemption Status

You can track the status of your redemption request through the investor app or website. This will allow you to monitor the progress of your withdrawal and ensure that the funds are deposited into your account as per the specified timeframe.

By following these steps, you can efficiently withdraw money from your Aditya Birla Sun Life Mutual Fund investments. It is important to carefully review the terms and conditions of your specific scheme and plan your withdrawals accordingly to optimize your financial goals and minimize any applicable charges.

How to check your Aditya Birla Sun Life Mutual Fund statement online

To check your Aditya Birla Sun Life Mutual Fund statement online, you can follow these steps:

Step 1: Visit the Aditya Birla Sun Life Mutual Fund Website

Go to the official website of Aditya Birla Sun Life Mutual Fund. You can find the link to the website in the description of their mobile app or by searching for it on your preferred search engine.

Step 2: Navigate to the Online Account Access Section

Once you are on the website, look for the section or tab that says "Online Access" or "Online Account Access." This is where you will be able to log in and view your account information.

Step 3: Log In to Your Account

Enter your login credentials, such as your username and password, to access your account. If you have not registered for online access yet, you may need to create an account first. Look for an option to "Register" or "Sign Up" and follow the instructions to create your online account.

Step 4: Access Your Folio and Statement Information

After logging in, you should be able to navigate to your personal folio. From there, you can view your account details, including your investment portfolio and transaction history. You should also be able to download your account statement, which will provide a detailed breakdown of your investments and their performance.

Step 5: Contact Customer Support for Assistance

If you encounter any issues or have specific questions about your statement, you can reach out to the Aditya Birla Sun Life Mutual Fund customer support team. Their contact information is usually available on the website, including email and phone support options. They should be able to provide further guidance on accessing and understanding your mutual fund statement.

It is important to regularly review your mutual fund statements to stay updated on your investments' performance and make informed decisions about your financial goals.

Frequently asked questions