Overview of Birla Sun Life Mutual Fund
Formed in 1994, Birla Sun Life Mutual Fund is a joint venture between the Aditya Birla Group, the largest business corporation in India, and the Canadian Sun Life Financial Company. Birla Sun Life Mutual Funds’ investments are operated by Birla Sun Life Asset Management Co. Ltd.
The company has established its stellar reputation and gained recognition in the mutual funds market. Not only this, the company has managed to become India’s leading stalwart for mutual fund schemes and manages assets of a wide investors’ base.
Their brand is all about offering the advantage of diverse investment instruments to its investors. The Birla Sun Life Mutual Fund offers various mutual fund schemes ranging from sector-specific and diversified equity schemes, hybrid schemes, fund of fund schemes, monthly income funds to debt and offshore funds.
In case you are not well aware of investment instruments or don’t have much time to do your research, then you can put your trust inn Birla Sun Life Mutual Fund as they offer you a plan as per your preferences.
Birla Sun Life Asset Management Company has a huge team of professional experts and research analysts, who are dedicated to creating a strong portfolio for their investors by tracking down the best companies to invest in. The Company aims to deliver a transparent, research based, ethical investment and capital management services to the investors.
Investing in mutual funds simplifies the process, which enables you to accomplish your financial goals. Also, this type of investment is an economical way to strengthen your investment portfolio.
Their mutual fund plans are formulated, particularly, for personal savings, tax savings, regular income, and wealth creation. They understand that the needs of individuals vary as per their financial goals, career path, and inheritance. They have designed plans for a conservative investor as well as for an aggressive investor. They offer plans that fulfill various investment expectations, including fixed income and short-term funds of the investors.
When you deal in security markets, you undergo a one-time exercise called KYC. Once your KYC is updated through an intermediary registered with the SEBI, you don’t have to go through the same process over and over again.
All you have to do is go through their plans in order to get a better understanding of how investments work.
The Salient Features of Birla Sun Life Mutual Fund
- Birla Sun Life Mutual Fund Scheme is one of the leading fund houses in India with proven expertise in a variety of equity and debt funds.
- The equity schemes offered by Birla Sun Life Mutual Fund have set a new benchmark and fetched investors’ appreciation.
- Every product offered by Birla Sun Life Mutual Fund is an outcome of innovation and research. When it comes to their services, the quality is high.
- Equity and debt products offered by Birla Sun Life are as per the individualistic needs, risk appetite, and the financial goals of the investors.
- A research-oriented strategy is formulated to assist the investors to make investment decisions for their business at affordable prices.
- The investment ideology is formulated in order to accomplish long-term goals through a well-researched methodical approach to investing.
- It provides a diverse investment option to its investors. The company continuously guides the investors so that they can meet their ultimate financial goals.
- With the help of professional money managers Birla Sun Life Mutual funds provides one of the most economical ways of earning long term and short-term returns.
- With Birla Sun Life Mutual Fund, the investors can avail the benefit of tax deduction under section 80C of Income Tax Act 1961.
- Birla Sun Life Mutual Fund offers both conservative and aggressive investment plans to the investors.
Different Fund Options by Birla Sun Life Mutual Fund
The range of products offered by Birla Sun Life Asset Management Company Ltd. consists of various investment instruments, such as equity schemes, hybrid schemes, monthly investment funds etc. Birla Sun Life provides ethical, credible, transparent, and well-researched investment options as well as wealth management services to its investors.
- Fund of Fund Schemes
It provides a scheme called Fund of Fund scheme to its investors. It is a multi-management investment method wherein mutual fund investors can also invest in other mutual funds. Under this category, the investments are made in different primary assets like real estate, equity funds, fixed income, instead of directly investing in stocks, bonds and other types of securities. The investment made in the fund of fund provides professional services of financial management to the investors.
- Hybrid Schemes
It provides investors with the perfect blend of debt and equity schemes in different proportions. The hybrid fund can also be called an asset allocation fund. With an option to invest in both equity and debt, it provides the benefit of a diversified portfolio to the investors.
- Monthly Income Funds
Under this fund option, the income is generated monthly by making the investment in both debt and money market instruments. These funds hold a mix of government, corporate, municipal debt obligations, as well as preferred stocks, dividend-paying stocks, and money market instruments.
Product Offered by Birla Sun Life Mutual Fund Scheme are:-
Birla Sun Life Mutual Fund products include an array of investment options like specific and diversified sector equity schemes, the different fund of fund schemes, monthly income funds, hybrid funds and different types of treasury and debt products. Some of the best products from the extensive range offered by Birla Sun Life Mutual Fund are:-
- Regular Income Product-
The regular income product aims to provide continuous flow of income, along with an option to secure the investor’s money.
- Wealth Creation Product-
This product is most beneficial for those investors who want to multiply their money by investing in the different types of gold and equity investment options. These products are available in the range of conservative to aggressive scheme options.
- Savings Product-
Savings products intend to preserve the capital of the investors’ and also provide them the advantage of liquidity along with the attractive tax-efficient returns. Moreover, the returns offered by the savings scheme are much higher than those offered by FD’s and bank accounts.
- Tax Saving Funds-
Birla Sun Life Mutual Fund also offers tax saving products that decrease the tax burden of the investors, as well as focuses on multiplying their money through investment in equity funds.
Returns Offered By Birla Sun Life Mutual Fund
Birla Sun Life Mutual Fund has set another benchmark delivering 14-20% returns in the past three to five years, surpassing their own benchmark of providing returns to the tune of of 9-14%. With such a high return on investment, the BSLMF serves as a great investment option in large-cap schemes. Value Research Stock Advisor has rated the BSLMF with 5 stars. Since the inception of the scheme, it has been continuously performing well and is most beneficial to those investors who want to create a strong investment portfolio and are available at comparatively reasonable valuations.
How to Check the Birla Sun Life Mutual Fund Status?
Investors who want to check their NAV can visit the official website of Birla Sun Life Mutual Fund, i.e., www.adityabirlacapital[dot]com/Mutual_Fund/Mybsfs/Investor/Login[dot]aspx to check the performance of the fund.
In order to check the status of the fund, the investor will have to register him/herself first. In case of registered users, they are simply required to log in to the website by entering their user ID and Password and check the fund performance online.
Moreover, for any types of queries or details, one can also contact the customer care number of Birla Sun Life Mutual Fund or can shoot an email at connect@birlasunlife[dot]com
The process to get the online statement of Birla Sun Life Mutual Fund is:-
- Visit the official website of BSLMF https://mutualfund[dot]adityabirlacapital[dot]com.
- Click on the link to customer service available on the page.
- A new page will appear. Provide the required details like e-mail, statement period, etc. and click on the submit button.
- A pop-up message of confirmation will appear on the screen.
- The account statement will be sent to the email of the investor.
Birla Sun Life Mutual Fund KYC Form
Under the Prevention of Money Laundering Act, 2002, the Securities and Exchange Board of India has issued a guideline which obliges Mutual Fund providers to follow improved Know Your Customers(KYC) norms.
Know Your Customer (KYC) is a term which is generally used for the process of customer identification. The SEBI has agreed on certain requirements relating to the “know your customer” norms for financial intermediaries and financial institution including the mutual fund providers in order to know their clients.
BSLMF has recently launched an eKYC portal, known as electronic-Know Your Customer facility, which provides an opportunity to new investors to complete the process of KYC online. Through the process of eKYC, the customer can easily fill all the required details and documents online, without needing to physically visit the center of submission. Once the investor completes the electronic, but in-person verification, the KYC formalities are considered complet and the documents are processed by the KYC registration agency.
Why Select Birla Sun Life Mutual Fund?
The following are the benefits of investing in Birla Sun Life Mutual Fund:
- A Team of Analysis Professionals
BSML has a strong team of qualified analyst professionals, which helps investors make wise investment decisions.
- Investors’ Safety
Investors’ safety is their priority. The company adheres to rules and regulations so that investors’ safety is not compromised at all.
- Tax Deductions
Apart from the returns on the investment, investors want tax benefits too. BSL offers 96 tax saving avenues to its investors.
- Fixed Income
Birla Sun Life Mutual Fund Scheme is a perfect option for the investors who want a fixed income at a fixed interval of time.
- Wealth Generation
It fulfills investment goals of an investor by offering various wealth-generating options, which brings them closer to their financial goals.
- Monthly Income Provider
Wrapping it up!
Birla Sun Life Mutual Fund offers a customized approach to the investors along with a profitable return on investment. Moreover, it provides the benefit of tax deductions and is the perfect investment option for investors who want a fixed income at fixed time intervals. Birla Sun Life Mutual Fund provides a more than sufficient monthly income. It is rewarding for investors who aim at short-term investment goals. With a team of professional experts and a wide range of fund options to invest in, Birla Sun Life Mutual Fund efficiently fulfills the investment expectations of the investors.