Birla Sun Life Mutual Fund

Overview of Birla Sun Life Mutual Fund

The investment manager of Birla Sun Life Mutual Fund, Birla Sun Life Asset Management Company Ltd. (BSLAMC), is a joint venture between the Aditya Birla Group and the Sun Life Financial Inc. of Canada. The joint venture puts forward the valuable expertise of the Aditya Birla Group and Sun Life's global experience in the entire Indian market. Aditya Birla Nuvo Ltd.and Sun Life (India) AMC Investments Inc. acts as the sponsors of the company. Moreover, Birla Sun life Trustee Company Private Limited plays its role as a trustee of the company.

Birla Sun Life Mutual Fund was established in 1994 with a purpose of becoming India's prominent flagships of Mutual Funds business taking care of a large investor base. The investment solution, the company brings forward encompasses diversified and sector specific equity schemes, fund of fund schemes, hybrid and monthly income funds, a wide range of debt and treasury products and offshore funds.Birla Sun Life Asset Management Company has a large pool of research analysts in the industry, committed to involving themselves in tracking down the best companies for your investments.BSLAMC key initiatives lies in offering you transparent, ethical and research-oriented investments and wealth management services.

Board of Directors for Birla Sun Life Asset Management Company Ltd.

The list of board of directors are as under:

1. Birla Sun Life Trustee Company Private Limited

  • Mr. Prafull Anubhai (Independent Director)
  • Mr. Gurcharan Das (Independent Director)
  • Dr. V.Arunachalam (Independent Director)
  • Mr. Suresh Talwar (Associate Director)
  • Mr. B.N.Puranmalka (Associate Director)

2. Birla Sun Life Asset Management Company

  • Mr. Kumar Mangalam Birla (Associate Director & Chairman)
  • Mr. Ajay Srinivasan (Associate Director)
  • Mr. Pankaj Razdan (Associate Director)
  • Mr. Donald Stewart (Associate Director)
  • Mr. Kevin Strain (Associate Director)
  • Mr. Sandeep Asthana (Associate Director)
  • Mr. N.N.Jambusaria (Independent Director)
  • Mr. S.S. Raman (Independent Director)
  • Mr. N.C.Singhal (Independent Director)
  • Mr. Bobby Parikh (Independent Director)
  • Mr. R Vaidyanathan (Independent Director)
  • Mr. Bharat Patel (Independent Director)
  • Ms. Alka Marezban Bharucha (Independent Director)


The registrar of Birla Sun Life Asset Management Company Pvt. Ltd is Computer Age Management Services Pvt. Ltd.

Fund Managers

The fund managers are classified under two broad categories:

1. Equity Team

  • Mr. Mahesh Patil (Co-Chief Investment Officer)
  • Mr. Anil Shah (Sr. Fund Manager)
  • Mr. Ajay Garg (Sr Fund Manager)
  • Mr. Satyabrata Mohanty (Head - Mixed Assets)
  • Mr. Vineet Maloo (Fund Manager)
  • Mr. Milind Bafna (Fund Manager)
  • Mr. Kunal Sangoi (Fund Manager)
  • Mr. Chanchal Khandelwal (Fund Manager)
  • Mr. Dhaval Gala (Fund Manager)
  • Mr. Shravan Sreenivasula (Fund Manager)
  • Mr. Jayesh Gandhi (Fund Manager)
  • Mr. Lovelish Solanki (Fund Manager)

2. Debt Team

  • Mr. Maneesh Dangi (Co-Chief Investment Officer)
  • Mr. Prasad Dhonde (Fund Manager)
  • Ms. Sunaina da Cunha (Fund Manager)
  • Mr. Kaustubh Gupta (Fund Manager)
  • Mr. Pranay Sinha (Senior Analyst – Fixed Income)

Products offered by Birla Sun Life Mutual Fund

1. Savings/Debt Funds

Are you the first time investor in mutual funds?If yes, then Savings solutions would be an ideal preference for you. You can now save your money by getting invested in savings solution which offers you liquidity and superior tax-efficient returns in contrast to bank accounts and FDs. Investors with a low-medium preference for risk and high liquidity opts for such plan.

The following are the eight debt funds offered by Birla Sun Life Mutual Fund :

  • Birla Sun Life Cash Manager
  • Birla Sun Life Cash Plus
  • Birla Sun Life Corporate Bond Fund
  • Birla Sun Life Dynamic Bond Fund
  • Birla Sun Life Income Plus
  • Birla Sun Life Medium Term Plan
  • Birla Sun Life Savings Fund
  • Birla Sun Life Short Term Fund

2. Regular Income

Do you wish to have a regular flow of income and that too consistently save your money? Regular Income plans prove to be the best option for you. As an investor, you can have access to alternative modes of regular income, either in your present situation or after retirement stage. If you have a low propensity for taking risks, regular income plans must be an ideal solution for you.

There are only two regular income plans offered by Birla Sun Life Mutual Fund:

  • Birla Sun Life MIP II – Savings 5 Plan
  • Birla Sun Life Monthly Income

3. Tax Savings

We earn our livelihood through income. It gets hard to see that majority of our income falls under the tax bracket. We have no option left but to pay taxes. Is there any possibility to save taxes? Ofcourse. With Tax savings plan, every investor looks to minimize the tax burden and can look forward to multiplying the regular course of income through equity investments. Tax Saving is one such plan where investors can save up to ₹ 53,303 per annum in taxes and can create wealth with equity markets.

Isn't that a good news for you? Yes, why not? After all, you may have an option to save your taxes by minimizing your taxable income by upto ₹1.50 lakhs as per the provisions of the Income Tax Act, 1961.Birla Sun Life Mutual Fund offers one such plan i.e. Birla Sun Life tax plan naming, Birla Sun Life Tax Relief 96 that helps you to create your wealth along with tax saving.

Well, who doesn't want an increase in their monthly take home rather than depending upon a promotion or an appraisal? It's useless to wait. Take a route to investing in Birla Sun Life Tax Relief '96 (BSL Tax Relief '96) which can fulfill both of your objectives. It is an Open-ended Equity Linked Savings Schemes (ELSS) which have a lock-in period of 3 years from the date of allotment. It invests approx. 80-100% in Equities & Equity related securities & remaining 0-20% in Debt & Money Market instruments.

After deducting the possible qualifying amount, i.e., ₹ 1.50 lakh, you may get the tax savings of ₹ 53,303 & moreover, it will come under the top income tax slab of 30% which also includes applicable cess. In case, if your income is more than ₹ 1 crore, then you may liable to bear the surcharge of 12% .

It's always a good idea to consult your tax advisor when it comes to an assessment of individual nature of tax benefits. Further, Tax deduction(s) available u/s 80C of the Income Tax Act, 1961 is based upon the conditions specified therein. Do you know that fiscal laws may change from time to time and there stands no guarantee that the current tax position may continue in the future? So, investors are advised to keep in view of everything before choosing any tax scheme.

4. Wealth Creation

Everybody looks to grow their wealth, if not today but some other day. It involves systematic planning that can effectively grow your plans. Birla Sun Life Mutual Fund offers you Wealth Creation Solutions that endeavors to multiply your money by investing your money in equity/gold investments which fall into the category of conservative to aggressive options.

Now you have a reason to rejoice as you can successfully plan out your future expenses like funding for higher education of your children, marriage, purchasing a home etc. These solutions accommodate your needs in the range of aggressive to conservative options under equity/gold investments.

There are top nine Wealth Creation funds offered by Birla Sun Life Mutual Fund :

  • Birla Sun Life Balanced ‘95 Fund
  • Birla Sun Life Dividend Yield Plus
  • Birla Sun Life Equity Fund
  • Birla Sun Life Equity Savings Fund
  • Birla Sun Life Frontline Equity Fund
  • Birla Sun Life Infrastructure Fund
  • Birla Sun Life Manufacturing Equity Fund
  • Birla Sun Life Midcap Fund
  • Birla Sun Life MNC Fund

Disclaimer: Mutual Fund Investments are subject to market risks, read all scheme related documents carefully before investing.

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