About Aditya Birla Sun Life Savings Direct-Dividend Daily
Aditya Birla Sun Life Savings Direct-Dividend Daily 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 Sunaina da Cunha
and Kaustubh Gupta
. It has an AUM of ₹14,739.39 Crores and the latest NAV decalared is ₹100.379 as on 18 Oct 2019 at 10:50 pm.
Aditya Birla Sun Life Savings Direct-Dividend Daily scheme return performance in last 1 year is 9.26%, in last 3 years is 25.68% and 77.74% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.