Aditya Birla Sun Life Mutual Fund is one of the top mutual fund offerings in India. It was founded in 1994 originally as a joint venture between Aditya Birla Capital Limited and Sun Life AMC Investments, a Canadian-based financial services company. It offers mutual fund schemes, portfolio management services, and other alternative investment options for residents and NRIs. In this article, we take a look at the Aditya Birla Sun Life Mutual Fund for NRIs review, a comprehensive list of Aditya Birla Sun Life mutual fund schemes, NAV, performance, and more.
Overview of Aditya Birla Sun Life Mutual Fund for NRIs
Aditya Birla Group is a major name in the Indian business scene. It is ranked 3rd largest business conglomerate in India with gross revenue exceeding $41 billion while Sun Life is one of the largest life insurance service providers in the globe and is ranked at 236 in the Fortune 500 company.
Aditya Birla Sun Life Mutual Fund is managed by Aditya Birla Capital Ltd. and Sun Life (India) Investments Inc. Furthermore, Aditya Birla Sun Life Trustee Private Limited is the trustee of the mutual fund. It is one of the largest asset management company in India and has Assets Under Management (AUM) of 2.7 lakh crores (As of 28-Feb) which constitutes around 6.6% of the overall industry AUM in India. They offer over 206 mutual fund schemes spread across debt, equity, hybrid, and commodity segments.
Also read: Best Mutual Funds for NRI in India 2023
Can NRIs invest in Aditya Birla Sun Life Mutual Funds?
Yes, NRIs can easily invest in Aditya Birla Sun Life mutual funds after getting their Mutual Fund KYC done and linked to their NRO/NRE Bank accounts. They can invest in various mutual fund schemes and generate good returns in the long term. This helps NRIs to build a fund that can match their investment goals and secure their future for any long-term financial needs.
The FEMA Act, RBI rules, and SEBI guidelines govern the rules and regulations regarding NRI investments in mutual funds which is why it has a slightly different procedure than that of resident individuals. Keeping in check with the FEMA Act, the funds on offer for NRIs from the US & Canada to NRIs from other countries may sometimes vary.
Also read: Best SIP to Invest in 2023 – Top 10 SIP Mutual Fund Plans for NRIs
How can NRIs invest in mutual funds from Aditya Birla Capital Ltd. and Sun Life (India) Investments Inc?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any – Water/electricity bills, postpaid mobile/internet bills, rent agreements, driving licenses, etc.
- Passport – front and back
- Passport size photograph
- Signature
- Onboarding: After KYC, you need to share the following details to complete the onboarding process and start investing in mutual funds from Aditya Birla Capital Ltd. and Sun Life (India) Investments Inc
- Onboarding: After KYC, you need to share the following details to complete the onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the last 3 months
- Nominee details
Also read: Quant Mutual Fund for NRIs – A Comprehensive Overview of Schemes, NAV, and Performance
Top 10 Performing Aditya Birla Sun Life Equity Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Aditya Birla Sun Life Infrastructure Plan A Growth for NRI | 773 Cr | 2.4% | 66.39 | 29.21% | 26.47% |
| Aditya Birla Sun Life Digital India Fund Growth for NRI | 4,018 Cr | 1.9% | 136.92 | 18.23% | 22.28% |
| Aditya Birla Sun Life Small Cap Fund Growth for NRI | 4,613 Cr | 1.9% | 65.04 | 23.86% | 28.44% |
| Aditya Birla Sun Life Dividend Yield Fund Growth for NRI | 1,026 Cr | 2.3% | 320.39 | 22.58% | 25.74% |
| Aditya Birla Sun Life Pure Value Fund Growth for NRI | 4,854 Cr | 1.9% | 91.68 | 25.00% | 27.33% |
| Aditya Birla Sun Life Mid Cap Fund Growth for NRI | 4,416 Cr | 1.9% | 546.63 | 17.43% | 26.97% |
| Aditya Birla Sun Life India GenNext Fund Growth for NRI | 4,137 Cr | 1.9% | 159.70 | 8.15% | 22.48% |
| Aditya Birla Sun Life Banking & Financial Services Growth for NRI | 2,899 Cr | 2.0% | 46.07 | 15.20% | 24.77% |
| Aditya Birla Sun Life Flexi Cap Fund Growth for NRI | 17,685 Cr | 1.7% | 1253.27 | 9.47% | 19.54% |
| Aditya Birla Sun Life Frontline Equity Fund Growth for NRI | 23,816 Cr | 1.7% | 382.22 | 8.70% | 20.17% |
Also read: Best Equity Mutual Funds for NRIs to Invest in 2023
Top 5 Performing Aditya Birla Sun Life Debt Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Aditya Birla Sun Life Medium Term Plan Plan Growth for NRI | 1,893 Cr | 1.6% | 33.17 | 6.76% | 13.53% |
| Aditya Birla Sun Life Credit Risk Fund Plan Growth for NRI | 1000 Cr | 1.6% | 18.33 | 6.89% | 7.09% |
| Aditya Birla Sun Life Short Term Fund Plan Growth for NRI | 5,466 Cr | 1.1% | 41.58 | 6.51% | 4.86% |
| Aditya Birla Sun Life Corporate Bond Fund Plan Growth for NRI | 17,883 Cr | 0.5% | 98.10 | 7.02% | 5.06% |
| Aditya Birla Sun Life Low Duration Plan Growth for NRI | 17,738 Cr | 1.2% | 583.84 | 6.67% | 4.72% |
Also read: Best Debt Mutual Funds in India 2023 for Residents and NRIs
Top 5 Performing Aditya Birla Sun Life Hybrid Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Aditya Birla Sun Life Financial Planning FOF Agrsv Plan Growth for NRI | 177 Cr | 1.7% | 39.17 | 12.61% | 16.99% |
| Aditya Birla Sun Life Asset Allocator FoF Scheme Growth for NRI | 171 Cr | 1.3% | 48.75 | 12.43% | 14.28% |
| Aditya Birla Sun Life Financial Planning FOF Moderate Plan Growth for NRI | 31 Cr | 1.5% | 32.19 | 11.84% | 13.27% |
| Aditya Birla Sun Life Equity Hybrid ’95 Fund Growth for NRI | 7,146 Cr | 1.9% | 1149.18 | 8.06% | 15.87% |
| Aditya Birla Sun Life Balanced Advantage Fund Growth for NRI | 6,795 Cr | 1.8% | 81.82 | 8.57% | 13.29% |
Top Performing Aditya Birla Sun Life Tax Savings Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Aditya Birla Sun Life ELSS Tax Relief 96 Growth for NRI | 14,174 Cr | 1.7% | 43.43 | 5.49% | 11.14% |
Also read: List of Top Performing Liquid Funds for NRIs in 2023
Key Information of Aditya Birla Sun Life Mutual Fund
| Mutual Fund | Aditya Birla Sun Life Mutual Fund |
| Date of incorporation | Dec 23, 1994 |
| Trustee(s) | Aditya Birla Capital International Trustee Company Ltd |
| Sponsor | Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc |
| CEO & MD | A Balasubramanian |
| Compliance Officer | Rajiv Joshi |
| Average Assets Under Management (AAUM) | Rs 2,71,747 Crores (As of Feb 2023) |
Customer Care Details
For any query regarding any schemes offered by Aditya Birla Sun Life Mutual Fund, you can contact the following address:
- Registered Address: One World Center, Tower 1, 17th Floor, Jupiter Mill Compound, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400013. Branch Timing (9 am – 6 pm)
- Phone no: 1800 270 7000 (Toll-Free) / 080- 45860777 (For NRI)
- Email: [email protected]
Also read: HDFC Mutual Fund for NRIs – A Comprehensive Overview of Schemes, NAV, and Performance
How to Invest in Aditya Birla Sun Life Mutual Funds as NRI?
NRIs can now download the SBNRI App and choose to invest in different Aditya Birla Sun Life mutual funds for NRIs schemes from Aditya Birla Sun Life Mutual Fund (ABSLMF) in India with ease. You can also get detailed investment advice from experts at SBNRI. Also, visit our blog and YouTube channel for more details.
SBNRI is an authorized Mutual Fund Distributor platform & registered with the Association of Mutual Funds in India (AMFI). ARN No. 246671. NRIs willing to invest in mutual funds in India can download the SBNRI App to choose from 2,000+ mutual fund schemes or can connect with the SBNRI wealth team to better understand Mutual Fund investments.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. SBNRI does not intend to predict future returns, please read all related documents before investing.
FAQs
Can NRIs invest in Aditya Birla Sun Life Mutual Funds?
- Yes, NRIs can invest in Aditya Birla Sun Life Mutual Funds on a full repatriation and non-repatriation basis as long as they adhere to the Foreign Exchange Management Act (FEMA) guidelines. NRIs need to complete the KYC to invest in mutual funds in India.
How can NRI buy Mutual Funds from Aditya Birla Sun Life Mutual Fund (ABSLMF)?
- Step 1: Set up an NRI Account: As per FEMA guidelines, after attaining the NRI status, you can’t park your money in a regular resident savings account in India and need to open an NRE or NRO account. Once the account is activated, you can start investing.
- Step 2: Get Your KYC Done: You need to complete the KYC process before starting investment in Aditya Birla Sun Life mutual funds for NRIs in India.
Are Aditya Birla Sun Life Mutual Fund’s schemes safe to invest in?
- Mutual funds are subject to market conditions and all market-linked investments come with a degree of risk. However, you can choose from low-risk to high-risk mutual funds to invest in as per your risk appetite and investing goals.
Which Aditya Birla Sun Life Mutual Fund scheme is best for the short term?
- Generally, a short-term investment is ideal for up to 3 years. If you are planning short-term investment, consider Aditya Birla Sun Life Mutual fund debt funds for NRIs. If your investment is up to three months, Aditya Birla Sun Life Mutual Fund liquid funds for NRIs are ideal for you.
What is the taxation on Aditya Birla Sun Life Debt Mutual Funds?
- The debt mutual fund tax has been changed with effect from April 1, 2023, after the Budget 2023 brought certain amendments. Debt mutual funds will no longer be allowed to avail of indexation benefits from FY 23-24. Any gains made on debt mutual funds investment will now attract taxation on applicable slab rates of the investor’s income bracket.
What are Debt funds vs. Equity Funds?
- Debt funds are mutual funds that invest money into fixed-income securities, corporate bonds, treasury bills, commercial papers, and more. On the other hand equity funds invest the money into stocks/shares of the company.
Are Aditya Birla Sun Life debt mutual funds safer than Aditya Birla Sun Life equity mutual funds?
- Debt funds invest in fixed-income securities, corporate bonds, treasury bills, commercial papers, and more while equity funds invest in stocks/shares of the company. This makes debt funds a relatively safer option as an investment than equity funds.
Are Aditya Birla Sun Life equity mutual funds safer for NRIs?
- Equity mutual funds have high volatility and can be risky for investors. However, overseeing the returns generated by equity mutual funds for the past 15 years, these funds can be a great investment vehicle and offer great wealth-generation opportunities for NRIs.
Is Aditya Birla Sun Life equity mutual funds safer than FD?
- Fixed deposits have a risk-free fixed income and are safer than equity mutual funds. However, as per the returns and growth opportunity, equity mutual funds look to be a better investment option for investors, residents, and NRIs alike.
What is Aditya Birla Sun Life liquid fund taxation for NRI?
- NRIs are liable to pay taxes on the capital gain earned from Liquid funds. The short-term capital gains for sell of liquid funds for a period under 3 years of holding are taxed at investor’s slab rates. After the Budget 2023 amendments, long-term capital gains won’t enjoy any indexation benefit and will be charged as per the investor’s slab rates removing the LTCG benefits altogether.
Can I invest from USA in the Aditya Birla Sun Life Mutual Fund?
- Yes an NRI can invest from the USA in India in various mutual fund schemes offered by Aditya Birla Sun Life Mutual Funds for NRIs provided it complies with the FEMA Act, RBI guidelines, and SEBI guidelines.
Can NRI invest in SIP in Aditya Birla Sun Life Mutual Fund in India?
- Yes, an NRI can invest in India through the SIP route in Aditya Birla Sun Life Mutual Fund for NRI schemes. SIP stands for Systematic Investment Plan.
