Fund Pick: Why Aditya Birla Sun Life Savings Fund is a category winner

Rs 1,00,000 invested on April 15, 2003 (inception of the fund) would have grown to Rs 3,81,800 at (7.66% CAGR) on June 02, 2021 compared with Rs 3,41,750 (7.01% CAGR) for the peer group

Launched in April 2003, Aditya Birla Sun Life Savings Fund has featured in the top 30 percentile of the Ultra Short Duration Funds category of the Crisil Mutual Fund Ranking (CMFR) for the past three quarters ended March 2021. The month-end assets under management of the fund increased from Rs 12,268 crore in April 2020 to Rs 18,188 crore in April 2021.

The fund has been managed by Kaustubh Gupta, Sunaina Da Cunha and Monika Gandhi since July 2011, June 2014 and March 2021, respectively. The scheme's investment objective is to generate regular income through investments in debt and money