Skip to main content

Birla Sun Life Mutual fund

Birla Sun Life's standout performers tend to be its debt funds. The fund house is very strong on the debt side with the bulk of its debt assets in cash funds. Some of its gilt and short-term funds stand out. What's interesting about this fund house is that the fixed income team always takes a call and does not necessarily follow the consensus. That makes it understandable that the Birla Sun Life roster includes some of the best as well as some of the worst debt funds.

Of its 14 funds which boast of a 5-star and 4-star rating, just one is an equity offering. Not surprising since equity assets stand at just around 17 per cent. None of the equity funds, barring Birla Sun Life Equity, are star performers.


Birla Sun Life AMC is a joint venture between the Aditya Vikram Birla Group and Sun Life of Canada, with an equal stake. Besides the mutual fund business, Sun Life has equal partnership with the AVB group in financial distribution and stock-broking businesses and is also a partner in the life insurance business.


In 2004, the AMC bought Alliance Capital AMC. Birla Sun Life's AUM was Rs 9,098 crore when it took over Alliance Mutual Fund (Rs 1,951 crore). This increased its AUM to Rs 11,049 crore (September 2004) and made it the fifth largest fund house in India.


Post acquisition, the number of funds run by Birla Sun Life swelled. Alliance Mutual Fund had 14 schemes which got added to Birla Sun Life's 38. The fund house also benefited from some equity funds like Alliance Basic Industries and Alliance Equity, which had been excellent performers.
Labels:

Popular posts from this blog

8% Government of India Bonds quick guide

For those seeking comfort in safety of returns, the Government of India issued 8% savings bond once again comes to the fore. First launched in 2003, these bonds are issued by the government with a maturity of 6 years. The bonds are available at all times with specified distributors through whom you can apply to invest in them. Here is a quick guide to what the bond offers and its features to ascertain to check for suitability. What are Government of India bonds Government of India bonds are like any other government bonds with specified rate of interest. The rate is fixed at 8% per annum paid half yearly, or you can opt for cumulative payment of interest at the end of the tenure. You can buy these bonds from State Bank of India and its associates, other nationalized banks and some private sector banks such as HDFC Bank Ltd and ICICI Bank Ltd, among others. The bonds can be bought from the offices of Stock Holding Corporation of India as well. They are available in physical form onl...
Read more

Tax on Kisan Vikas Patra Returns

  Taxation of Kisan Vikas Patra The interest earned on Kisan Vikas Patra (KVP) doesn't enjoy any tax exemption   The interest earned on Kisan Vikas Patra (KVP) doesn't enjoy any tax exemptions. The interest earned from it is taxed as per the Income Tax slab applicable to the investor on redemption. That means an investor in the highest tax slab will pay 30 per cent tax on the returns from KVP . Also, 10 per cent of the interest earned would be deducted as tax deducted at source (TDS). ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saving Mutual Funds to invest in India for 2016 Best 10 ELSS Mutual Funds in india for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fu...
Read more

How EEE and EET Tax affect Retirement Investments

  An important factor while choosing a financial product is its taxation , and for retirement savings, this is even more important as the sums involved are usually life-long savings. Here's a look at the current tax treatment of three major long-term retirement planning products, which are - Employees' Provident Fund (EPF), Public Provident Fund (PPF) and National Pension System (NPS). EPF The tax treatment is EEE, which means your money is exempt from taxes at the time of investment, accumulation and withdrawal. At the time of investment, the tax deduction is under the limit of section 80C of the Income-tax Act , which is currently Rs 1.5 lakh. Partial withdrawals are also tax-free if made after 5 years of continuous service. If withdrawals are made before 5 years of service, 10% tax will be deducted at source. Exceptions have also been provided for transfer of amount and conditions wherein the subscriber is unemployed for more than 2 months or the loss of job was beyond th...
Read more

You can close PPF after 5 years for a medical emergency or for higher education

You can close PPF after 5 years   The premature withdrawal, however, comes with a penalty--you will get 1% less interest as applicable from time to time   The finance ministry notified on Monday that account holders of the Public Provident Fund (PPF) can prematurely close their account if it has completed at least five years and the reason for closure is medical emergency and higher education     The change According to this recent change, a PPF subscriber shall be allowed premature closure of her account or account of a minor of whom she is the guardian on grounds that the amount is required for treatment of serious ailments or life-threatening diseases of the account holder, spouse or dependent children on production of supporting documents from competent medical authority. Similarly, you will be able to prematurely close your PPF account for higher education needs only if you produce documents and fee bills showing confirmation of admission in a recognised institution in India o...
Read more

How did your Mutual Funds Perform?

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300     Don't look only at a fund's performance during a bull run, but also find out how it performed when the market was bearish. Investors should not only look at how their funds performed when markets were booming but also during the bear phases. Now that the market is on an up swing, mutual fund investors will be keen to make the most of the situation. More so, as they have endured a torrid time for the past five years when the stock market was mostly range-bound and the NAV of mutual funds remained static. Most expect their funds to capture the rally and outperform the broader market. And, many funds are delivering superior returns. But, here's a word of caution for our readers: You should never judge a fund on the basis of its performance only during a market u...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now