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ABSL Pure Value Fund Review

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ABSL Pure Value Fund

About Aditya Birla Sun Life 

Established in 1994, Aditya Birla Sun Life Mutual Fund is a joint venture between the Aditya Birla Group and the Sun Life Financial Service providers of Canada. This joint venture blends the experience of Aditya Birla Group in the Indian market and the globalized experience of Sun Life. 

Till now, it has reached the network of somewhere around 150 branches and other distribution channels in India. ABSLMF endeavors towards increasing the reach and depth of mutual funds globally. To make mutual funds a viable proposition across a wider set of advisors and investors across India they are working relentlessly.  

What is Aditya Birla sun life Mutual funds? 

 Aditya Birla Sun Life Mutual Fund is a joint venture between an Indian conglomerate named, Aditya Birla Group, and Sun Life Financial, a financial service company based in Canada. The fund house deals in 4 classes of fund – Debt Funds, ELSS Funds, Equity Funds, and Income Funds, all with good Crisil Rating. With more than 20 years ABSLMF is offering wealth creation to their customers in the best possible way.  

Reasons to choose Aditya Birla Sun Life Mutual Fund are a few, but enough to make you agree on the same. Here: 

  • ABSLMF is one of the largest and trustworthy fund houses globally. 
  • Being present in Pan-India across 247 locations and serving investors globally. 
  • A joint venture between Aditya Birla Group and Sun Life Financial, one of the globalized Canada based financial services organization.  
  • Perfectly and safely backed by more than 20 years of strong research by offering exemplary asset management, investor awareness program, and differentiated products.  

About Aditya Birla Sun Life Pure Value Fund 

ABSL Pure Value Fund is an equity mutual fund scheme that was launched by Aditya Birla Sun Life Mutual Fund. Later on, it was introduced on 27th March 2008 to its investors. Currently, the fund is managed by Milind Bafna and Mahesh Patil. Also, the fund has an AUM of INR 4199 & the latest NAV is INR 45.73 (dated as on 24th Dec 2019). The fund growth is rated as moderately high-risk. The minimum SIP amount is INR 1000. Exit load of 1% only if redeemed within 365 days.  

Investment Objective 

The objective is to generate long-term growth of capital by investing in a portfolio of equity & equity-related securities. Also, the scheme would follow an investment strategy that can take advantage of Contrarian investment style & Special Situations.  

Tax Implications 

Returns are taxed at 15% only if you redeem before a year. After a year you are required to pay LTCG tax of 10% on returns of INR 1 lakh+ financial year.  

Top Holdings 

Top Holdings Weightage
Reliance Industries Ltd 8.62%
UltraTech Cement Ltd 3.04%
Housing Development Finance Corp Ltd 2.74%
NCC Ltd 2.54%
MRF Ltd 2.48%
Lupin Ltd 2.37%
Adani Ports & Special Economic Zone Ltd 2.32%
State Bank of India 2.31%
Gujarat Alkalies & Chemicals Ltd 2.30%
Cipla Ltd 2.26%

 

How to Invest in ABSL Pure Value Fund with Gulaq? 

ABSL Pure Value Fund online investment is not rocket science, especially with Gulaq. With hassle-free and paperless documentation, the summing-up of your investment journey becomes easy. All you need to do is sign-in at gulaq.com. Check your KYC for FREE. Select the type of Aditya Birla sun life mutual fund amongst the available and the tenure. And it’s done!  

 

*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.

Rating: 5.0/5. From 7 votes.
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