Secure the Growth of Your Money with Aditya Birla Sun Life Cash Manager Scheme

Those who are new in the world of mutual funds and are afraid to take risk with their money always seek for a scheme in which their money is safe and sound. Those who seek for such funds may or may not know that generally, the returns on such funds are not sufficient. Experts at MySIPonline provides the customer with specific schemes according to their needs and targets. One such fund with low risk factor and above average returns is Aditya Birla Sun Life Cash Manager Fund. It is a fund that aims to provide the convenience of a savings account with the opportunity to earn higher post-tax returns.

Aditya Birla Sun Life AMC 

It is a joint venture of Aditya Birla Group and the Sun Life Financial Services Inc. of Canada. It was established in 1994 and has become one of the largest asset management companies in India. It has a far reaching network of 150 branches which provides a wide variety of investor specific 418 schemes. It has corpus under management of Rs. 247794.5409 crs. (as on 31-Mar-2018)

Aditya Birla Sun Life Cash Manager Fund (G)

This is an ultra short term debt fund which means the fund manager of Aditya Birla Sun Life Cash Manager invests the corpus of the fund mainly in debentures which generally gets matured in 1 year or less. The risk factor is very low and returns are average in this fund. Though the growth is average but it has shown a consistency in growth since its inception in 1998. The minimum investment needed to be made is Rs 1000. The fund does not charge any entry or exit load and also supports SWP of minimum Rs 1000. It has assets under management of Rs 6,750.83 crore (as on March 31, 2018). The fund has major holdings in debenture instruments of Tata Power Co. Ltd. ECL Finance Ltd. Adani Infra (India) Ltd. Indiabulls Infraestates Ltd. etc

Fund Manager 

The experts at MySIPonline believes that the fund manager plays an important role in shaping the future of the fund. Aditya Birla Sun Life Cash Manager is managed by 2 highly experienced and talented fund managers namely, Mr Kaustubh Gupta and Mr Mohit Sharma.

Mr Kaustubh Gupta is a B.Com and a Chartered Accountant and prior to joining Birla Sun Life AMC in July 2011, he has worked with ICICI Bank. Mr. Sharma is B Tech (IIT - Madras) and PGDCM (IIM Calcutta). He has around 10 years of experience prior to joining Aditya Birla Sun Life in October, 2015.

Returns of Aditya Birla Sun Life Cash Manager (NAV as on 14 May, 2018)

Who Should Invest?

According to the experts at MySIPonline, those investors who have some extra cash and are looking for a short term investment this fund is considerably a better option than bank deposits. It has shown a consistent growth and is going to reflect the same in coming future.

MySIPonline provides proper guidance after analyzing the investor specific needs and provides the best suited scheme for a particular investors. Just visit our official site to connect with us and get solutions to all your problems related to mutual funds and investments.