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(Earlier known as Aditya Birla Sun Life Dividend Yield Plus Fund)
Aditya Birla Sun Life (ABSL) Dividend Yield Fund is an open-ended equity mutual fund that predominately invests in the stocks of companies that offer dividends. This fund was started on 26th of February, 2003 and was previously known as Aditya Birla Sun Life Dividend Yield Plus.
Aditya Birla Sun Life (ABSL) Dividend Yield Fund
All of us love receiving something extra when we invest. Receiving a dividend from a company at regular frequencies can help you boost your savings over time. By choosing stocks that offer dividends, you stand to gain in two different ways:
1. You have an additional income in the form of dividends at regular intervals
2. You also gain from the capital appreciation of the stocks
The ABSL Dividend Yield Fund invests in the stocks of companies that distribute dividends regularly to stockholders. Companies that offer dividends are likely to have a better track record and are trusted in their respective niches.
Aditya Birla Sun Life Asset Management Company Limited (earlier known as Birla Sun Life Asset Management Company Limited) is a joint venture between Sun Life Financial, one of the leading international financial services organization based in Canada and Aditya Birla Group, one of the top business houses in India.
The JV brings together the experiences of Aditya Birla Group in the domestic Indian market and Sun Life’s global financial services expertise. The Aditya Birla Sun Life Mutual Fund (ABSLMF) was established in India in 1994 as a result of the partnership between Aditya Birla Group and Sun Life Financial.
Today, the company is one of the leading mutual fund houses in India with an AUM (Assets under Management) of Rs. 2423 billion in India, as in the last quarter of 2018. The fund house has a wide range of mutual fund schemes in India offering a mix of equity, debt, hybrid and balanced funds. The company manages investor folios worth Rs. 6.8 million.
ABCL has a pan-India presence with over 850 branches across the country. The company employs 18000+ employees as well as distributes its products via 2lakh+ agents and channel partners. ABCL oversees assets worth over 3000 billion rupees (as on 30th June 2019). The parent company Aditya Birla Group is a Fortune 500 company and is worth over the US $48.3 billion.
The investment objective of the ABSL Dividend Yield mutual fund scheme is to provide capital growth to investors. It achieves capital growth by investing predominately in the stocks of companies that pay high dividends. This fund has a well-diversified portfolio.
This fund is suitable for investors:
Invest in the ABSL Dividend Yield Fund if
1. You have an investment horizon of at least three years
2. You are looking to invest in equities that declare dividends at periodic intervals
3. You do not require your funds immediately
It is a well-diversified equity-oriented fund that invests predominately in stocks of companies that offer high dividend yields. The fund identifies companies with a high dividend yield using the following formula – dividend paid in the previous year divided by the current market price of per unit of stock.
1.00% of the applicable NAV - For switch out/redemption of units within 365 days of allotment
Nil – For switch out/redemption of units after 365 days of allotment
This indicates the risk level of the Aditya Birla Sun Life Dividend Yield Fund. The risk level is
Moderately High (which means that the principal is at moderately high risk)
*If you are unsure if this fund is right for you, make sure to consult your financial advisor, before investing in it.
Ideal Investment Horizon
The Aditya Birla Sun Life Dividend Yield Fund has the potential to offer maximized returns when an investor stays invested for three years or more.
The Aditya Birla Sun Life Dividend Yield Fund aims to generate returns by investing in the stocks of high dividend-paying companies. Generally, companies that offer high dividends also offer a high degree of protection in falling equity markets, thereby protecting the investments of investors.
Apart from the protection against free-fall, companies that offer dividends consistently also have higher potentials for stock prices increasing, when the equity markets revive. By choosing a high dividend yield investment along with other parameters like low market capitalization to sales ration, low price to book value ratio, the possibilities of generating higher returns are more.
The Aditya Birla Sun Life Dividend Yield Fund builds a portfolio that is a combination of high dividend yield, along with substantial capital protection and strong possibilities for capital gains. The general rule of thumb is that investing in stocks that offer high dividend yields is a “defensive investment strategy.” With this approach, the ABSL Dividend Yield Fund achieves higher returns when compared to investing in other securities like fixed bonds, debentures, etc.
High dividend yields also signal that the company has sufficient cash generation. Thereby, choosing the right companies that offer high dividends unlocks the potential for growth. Apart from high dividends, the fund manager and team consider these other factors while evaluating companies:
Since this mutual fund scheme adopts a defensive strategy, it primarily invests in stocks of companies that have a low beta. The beta value is a measure of the volatility of the stock, relative to an index.
The ABSL Dividend Yield Fund may at times vary from the asset allocation pattern to invest in special situations like de-listing opportunities, share buy-backs, mergers, and acquisitions. The investment process for these special situations will be different from regular investing under the scheme.
Suitable market opportunities will be seized after careful consideration of short-term and long-term benefits. These opportunities will be discussed by the investment team and would be carried out only after proper risk evaluations. Additionally, the justifications for these investment decisions will be properly recorded and maintained.
Note that Aditya Birla Sun Life Asset Management Company may review and modify the investment strategy of the fund from time to time. The company may make appropriate changes if it meets the best interests of the unitholders.
25th June 2018
16th March 2018
22nd December 2017
(Assuming a SIP investment of Rs. 10,000 every month)
*Note that – Past performance is not indicative of future performance and may or may not be sustained in future.
The Aditya Birla Sun Life Dividend Yield Fund has two plan types:
Both these plans have a common portfolio but separate NAVs. While applying for the fund, investors have to choose the type of plan they are subscribing for. Both the above plans have two sub-classifications:
The direct plan is available only to investors who subscribe or purchase units directly from the mutual fund and not via a distributor. The default option of the ABSL Focused Equity Fund is the Dividend Option (Reinvestment Facility). If an applicant has not mentioned the growth or dividend option, the dividend option (with reinvestment) is selected by default.
1. How does the fund manager identify stocks with high dividend yield?
The fund manager and team identify equities whose dividend yield is greater than the dividend yield of the latest report of the Nifty 50 Index published by the NSE. They look for companies that periodically declare dividends to investors and choose the best-performing ones with a strong track record.
2. Does this plan offer a SIP?
Yes. You can invest in this plan by starting a SIP from as low as Rs. 1000 per month.
3. What is the benchmark index of this fund?
The benchmark is Nifty Dividend Opportunities 50 TRI Index.
4. How to invest in the Aditya Birla Sun Life Dividend Yield Fund?
Investors can choose any one of the following methods:
5. Where can I see the history of dividends declared since the inception of the fund?
You can check out the history of dividends declared by this fund in the prospectus (fund brochure).
*Disclaimer: Mutual fund investments are subject to market risks. Make sure to read the scheme document carefully and make the right investments. If you have any further doubts, get in touch with Aditya Birla Sun Life Mutual Fund by dialing the toll-free number 1800 270 7000.
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