Aditya Birla Sun Life Mutual Fund has unveiled a daily Systematic Investment Plan (SIP) option across 30 schemes. In a communication to its unit holders, the fund house announced the implementation of this feature starting March 19.
Here are the mutual fund schemes included under the daily SIP option:
Aditya Birla Sun Life Arbitrage Fund
Aditya Birla Sun Life Asset Allocator FoF
Aditya Birla Sun Life Banking and Financial Services Fund
Aditya Birla Sun Life Balanced Advantage Fund
Aditya Birla Sun Life Business Cycle Fund
Aditya Birla Sun Life Digital India Fund
Aditya Birla Sun Life Dividend Yield Fund
Aditya Birla Sun Life Equity Advantage Fund
Aditya Birla Sun Life Equity Hybrid ‘95 Fund
Aditya Birla Sun Life Equity Savings Fund
Aditya Birla Sun Life ESG Integration Strategy Fund
Aditya Birla Sun Life Focused Fund
Aditya Birla Sun Life Flexi Cap Fund
Aditya Birla Sun Life Frontline Equity Fund
Aditya Birla Sun Life India GenNext Fund
Aditya Birla Sun Life Infrastructure Fund
Aditya Birla Sun Life Liquid Fund
Aditya Birla Sun Life Manufacturing Equity Fund
Aditya Birla Sun Life Midcap Fund
Aditya Birla Sun Life MNC Fund
Aditya Birla Sun Life Multi Asset Allocation Fund
Aditya Birla Sun Life Multi-Index Fund of Funds
Aditya Birla Sun Life Multi-Cap Fund
Aditya Birla Sun Life Pharma & Healthcare Fund
Aditya Birla Sun Life PSU Equity Fund
Aditya Birla Sun Life Pure Value Fund
Aditya Birla Sun Life Regular Savings Fund
Aditya Birla Sun Life Small Cap Fund
Aditya Birla Sun Life Special Opportunities Fund
Aditya Birla Sun Life Transportation and Logistics FundInvestors can use the daily SIP option via the fund house's website, mobile application, and other designated digital channels.
The fund house emphasised that the daily SIP transactions would be executed on all business days. However, if a SIP instalment falls on a non-business day for a particular scheme or during a month when the day isn't available, the instalment will be skipped accordingly.
Investors retain the flexibility to discontinue the SIP facility at any time by completing the requisite formalities.
Understanding daily SIP
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Systematic Investment Plan (SIP) is a popular investment tool offered by mutual funds that allows investors to contribute fixed amounts at regular intervals into their chosen mutual fund schemes.
Daily SIP, a relatively new offering, extends this concept to a daily basis.
Here's how it works:
Frequency: Unlike traditional SIPs where investments are made monthly, daily SIPs allow investors to contribute funds to their chosen mutual fund schemes daily.
Convenience: Daily SIPs offer investors flexibility and convenience. They can set up automatic contributions to their mutual fund schemes daily, aligning with their cash flow or investment preferences.
Smoothing market volatility: Daily SIPs can help investors navigate market volatility. By spreading their investments across more frequent intervals, investors can mitigate the impact of market fluctuations.
Accumulation of wealth: Investing daily, even in small amounts, can lead to the accumulation of significant wealth over time.
