About Aditya Birla Sun Life Savings Direct-Dividend Weekly
Aditya Birla Sun Life Savings Direct-Dividend Weekly 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 ₹15,840.22 Crores and the latest NAV decalared is ₹100.546 as on 22 Nov 2019 at 10:15 pm.
Aditya Birla Sun Life Savings Direct-Dividend Weekly scheme return performance in last 1 year is 9.11%, in last 3 years is 25.29% and 79.36% 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.