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 ₹15,871.30 Crores and the latest NAV decalared is ₹100.375 as on 13 Dec 2019 at 10:45 pm.
Aditya Birla Sun Life Savings Direct-Dividend Daily scheme return performance in last 1 year is 8.82%, in last 3 years is 25.48% and 79.55% 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.