About Aditya Birla Sun Life Low Duration Fund Direct-Growth
Aditya Birla Sun Life Low Duration Fund Direct-Growth is a Debt
mutual fund scheme from Aditya Birla Sun Life Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Mohit Sharma
and Kaustubh Gupta
. It has an AUM of ₹9,464.81 Crores and the latest NAV decalared is ₹497.404 as on 18 Oct 2019 at 10:50 pm.
Aditya Birla Sun Life Low Duration Fund Direct-Growth scheme return performance in last 1 year is 9.86%, in last 3 years is 26.69% and 79.22% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.