Aditya Birla Sun Life Mutual Fund has announced a New Fund Offer (NFO) for Bal Bhavishya Yojna which is an open-ended investment plan through which a parent or a guardian can make an investment on behalf of a minor child. The NFO period begins on January 22, 2019 and will end on February 05, 2019. The scheme will reopen for subscriptions within 5 business days from date of allotment. The investment in the scheme remains locked-in for a period of 5 years or till the child attains majority (18 years of age), whichever is earlier.
Aditya Birla Sun Life Bal Bhavishya Yojna has two variants – Wealth Plan and Savings Plan. While the Wealth Plan will invest predominantly in equity and equity related securities, the Savings Plan will invest predominantly in debt and money market instruments.
The Aditya Birla Sun Life Bal Bhavishya Yojna will allocate its assets in the following manner:
Aditya Birla Sun Life Bal Bhavishya Yojna – Wealth Plan
| Instrument | Asset Allocation |
| Equities and equity related instruments | 65%-100% |
| Fixed income securities (including money market securities
and securitized debt up to 35%) |
0%–35% |
| Units issued by REITs and InvITs | 0%-10% |
Aditya Birla Sun Life Bal Bhavishya Yojna – Savings Plan
| Instrument | Asset Allocation |
| Debt & money market securities (including securitized debt
up to 50%) |
75%-90% |
| Equities and equity related instruments | 10%–25% |
| Units issued by REITs and InvITs | 0%-10% |
The scheme will also invest in repo in corporate debt securities. However, it will not invest in credit default swaps and securities lending/short selling.
The Wealth Plan will be benchmarked against S&P BSE 200 and the Savings Plan will be benchmarked against CRISIL Hybrid 85+15 Conservative Index. The 1 year, 3 Year and 5 Year returns of the two indices are as under:
| Index | 1 Year Return | 3 Year Return | 5 Year Return |
| S&P BSE 200 – TRI | 0.81% | 12.75% | 14.48% |
| CRISIL Hybrid 85+15 Conservative Index | 5.28% | 8.65% | 10.13% |
(Data as on December 31, 2018; Source: Pulse Labs)
The Aditya Birla Sun Life Bal Bhavishya Yojna will be jointly managed by Mr. Ajay Garg and Mr. Pranay Sinha. One of the popular schemes being managed by Mr. Garg is Aditya Birla Sun Life Tax Relief ‘96. The returns generated by this scheme are as follows:
| Fund | 1 Year Return | 3 Year Return | 5 Year Return |
| Aditya Birla Sun Life Tax Relief ‘96 (Direct Plan) | -3.93% | 16.60% | 20.02% |
(Data as on January 21, 2019; Source: Value Research)
Key information about Aditya Birla Sun Life Bal Bhavishya Yojna NFO
| NFO period | January 22, 2019 – February 05, 2019 |
| Minimum application amount | Rs. 1,000 |
| Exit load | Nil |
| Benchmark | Aditya Birla Sun Life Bal Bhavishya Yojna Wealth Plan – S&P BSE 200
Aditya Birla Sun Life Bal Bhavishya Yojna Savings Plan – CRISIL Hybrid 85+15 Conservative Index |
| Fund Manager | Ajay Garg and Pranay Sinha |
Other Funds by Aditya Birla Sun Life Asset Management
| Scheme Name | 3Y Returns (%) | AUM (Rs. Cr.) | Category |
| Aditya Birla Sun Life Digital India Fund | 19.95 | 134.75 | Sectoral/Thematic Fund |
| Aditya Birla Sun Life International Equity Fund | 14.75 | 53.78 | Sectoral/Thematic Fund |
| Aditya Birla Sun Life India GenNext Direct Fund | 14.54 | 804.61 | Sectoral/Thematic Fund |
| Aditya Birla Sun Life MNC Direct Fund | 12.28 | 3431.79 | Sectoral/Thematic Fund |
| Aditya Birla Sun Life Tax Relief 96 Fund | 12.13 | 6059.83 | ELSS |
| Aditya Birla Sun Life Banking & Financial Services Fund | 12.1 | 1549.58 | Sectoral/Thematic Fund |
| Aditya Birla Sun Life Tax Plan | 11.46 | 742.27 | ELSS |
| Aditya Birla Sun Life Index Fund | 11.08 | 134.67 | Large Cap Fund |
| Aditya Birla Sun Life Equity Fund | 10.07 | 9250.62 | Multi Cap Fund |
| Aditya Birla Sun Life Focused Equity Fund | 10 | 4212.48 | Large Cap Fund |
| Aditya Birla Sun Life Gold Direct Fund | 9.72 | 55.08 | Gold Funds |
| Aditya Birla Sun Life Government Securities Fund | 9.49 | 138.97 | Gilt Fund |
| Aditya Birla Sun Life Financial Planning Fund FoF | 8.61 | 126.73 | Multi Asset Allocation |
| Aditya Birla Sun Life Equity Advantage Fund | 8.5 | 6184.03 | Large & Mid Cap Fund |
| Aditya Birla Sun Life Banking & PSU Debt Fund | 8.49 | 6646.43 | Banking and PSU Fund |
| Aditya Birla Sun Life Frontline Equity Direct Fund | 8.4 | 20451.39 | Large Cap Fund |
| Aditya Birla Sun Life Global Real Estate Fund Retail | 8.3 | 15.46 | Sectoral/Thematic Fund |
| Aditya Birla Sun Life Low Duration Fund | 8.21 | 9060.5 | Low Duration Fund |
| Aditya Birla Sun Life Income Fund | 8.2 | 1366.92 | Medium to Long Duration Fund |
| Aditya Birla Sun Life Corporate Bond Fund | 8.17 | 17329.9 | Corporate Bond Fund |