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Aditya Birla Sun Life Floating Rate Fund

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Debt: Floater

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.34 -0.01 0.06 0.72 1.78 3.92 8.73 7.76 8.29 8.66 8.68
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 4.71
Debt: Floater 1.44 -0.01 0.08 0.94 1.95 3.93 8.66 7.35 7.68 8.02 7.95
Rank within category 4 4 5 5 5 4 3 1 1 1 1
Number of funds in category 7 7 7 7 7 7 6 5 5 5 4

As on 25-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.68 (30-Mar-2016 - 06-Apr-2016) -0.46 (09-Jul-2013 - 16-Jul-2013)
Month 1.48 (11-Mar-2016 - 12-Apr-2016) -0.18 (25-Nov-2016 - 27-Dec-2016)
Quarter 3.12 (24-Jul-2013 - 23-Oct-2013) 1.03 (24-Nov-2016 - 23-Feb-2017)
Year 10.56 (26-Jul-2013 - 28-Jul-2014) 6.14 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.35 0.82 2.05 4.14 2.00 4.90
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Floater 6.94 0.84 1.77 3.34 1.88 4.30
Rank within category 1 4 3 2 4 2
Number of funds in category 5 5 5 5 5 5

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 134 144 92 82
Modified Duration (yrs) 0.90 0.92 0.63 1.16
Average Maturity (yrs) 1.04 1.08 0.69 1.51
Yield to Maturity (%) 6.26 8.06 5.86 6.88

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.15% GOI 21/12/2020 GOI Securities Floating Rate Bond SOV 0.00 - 3.72 3.72
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 3.37 3.27
equal Axis Bank 23/12/2020 Non Convertible Debenture A1+ 0.00 - 2.96 2.96
equal 6.25% Indusind Bank 26/03/2020 Fixed Deposits -- 0.00 - 2.54 2.54
equal Bajaj Finance 366-D 24/06/2020 Commercial Paper A1+ 0.00 - 2.31 2.31
new ICICI Bank 25/01/2021 Certificate of Deposit A1+ 0.00 - 2.23 2.23
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 2.11 2.11
equal 7.25% Bajaj Finance 2020 Debenture AAA 0.00 - 2.08 2.08
equal SIDBI 24/07/2020 Debenture A1+ 0.00 - 2.76 2.02
equal REC 13/12/2022 Debenture AAA 0.00 - 2.00 2.00
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 2.22 1.98
equal 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 2.60 1.79
equal Rabo Bank India 27/11/2020 Certificate of Deposit A1+ 0.00 - 1.77 1.77
equal HDFC 364-D 26/08/2020 Commercial Paper A1+ 0.00 - 2.32 1.71
new ICICI Bank 15/01/2021 Certificate of Deposit A1+ 0.00 - 1.68 1.68
equal 7.00% GOI 21/01/2021 GOI Securities SOV 0.00 - 2.02 1.62
down 8.15% GOI 2022 Central Government Loan SOV 0.00 - 2.02 1.55
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 1.64 1.50
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 1.44 1.44
equal Axis Bank 13/11/2020 Certificate of Deposit A1+ 0.00 - 1.41 1.41
equal 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 0.00 - 2.02 1.41
equal 6.99% HUDCO 2022 Debenture AAA 0.00 - 2.45 1.37
equal 9.68% Export-Import Bank 17/12/2020 Bonds AAA 0.00 - 1.22 1.22
up 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 0.00 - 1.21 1.21
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 1.52 1.21

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

Fund Manager

— Kaustubh Gupta since 15-Jul-2011

Education: Mr. Gupta is a B.Com and a Chartered Accountant.

Experience: Prior to joining Birla Sun Life AMC he has worked with ICICI Bank.

Funds Managed:

Invest Online
-0.01%

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 247.1732

Dividend Weekly: ₹ 100.7564

Dividend Daily: ₹ 100.9588

Investment Strategy

The scheme aims to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, it may also invest a portion of its net assets in fixed rate debt securities and money market instruments.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 23-Mar-2009
Return Since Launch: 8.63%
Benchmark: CRISIL Liquid
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 8,452 Cr (As on 31-Jan-2020)
Expense: 0.38% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily20-Feb-20200.0411

 18-Feb-20200.0069
 14-Feb-20200.0440
 13-Feb-20200.0185
 12-Feb-20200.0161
 11-Feb-20200.0071
 10-Feb-20200.0124
 07-Feb-20200.0376
 06-Feb-20200.0424
 05-Feb-20200.1284
 04-Feb-20200.0070
 03-Feb-20200.0176
 31-Jan-20200.0602
 30-Jan-20200.0112
 29-Jan-20200.0043
 28-Jan-20200.0010
 27-Jan-20200.0206
 24-Jan-20200.0310
 23-Jan-20200.0249
 22-Jan-20200.0141
 21-Jan-20200.0325
 20-Jan-20200.0151
 17-Jan-20200.0373
 16-Jan-20200.0119
 15-Jan-20200.0104
Dividend Weekly18-Feb-20200.0699

 11-Feb-20200.2659
 04-Feb-20200.0941
 28-Jan-20200.1229
 21-Jan-20200.1057
 14-Jan-20200.1038
 07-Jan-20200.1594
 31-Dec-20190.0722
 24-Dec-20190.0965
 17-Dec-20190.0433
 03-Dec-20190.1041
 26-Nov-20190.1048
 19-Nov-20190.1224
 13-Nov-20190.0727
 05-Nov-20190.1792
 29-Oct-20190.1332
 22-Oct-20190.1569
 15-Oct-20190.1333
 09-Oct-20190.1237
 01-Oct-20190.1598
 17-Sep-20190.0300
 11-Sep-20190.1203
 03-Sep-20190.1003
 27-Aug-20190.1409
 20-Aug-20190.0805

Contact Information

AMC: Aditya Birla Sun Life AMC Ltd.

Address: One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai - 400013

Phone: 022-43568000 / 1800-270-7000 / 1800-22-7000

Fax: 022-43568110

Website: mutualfund.adityabirlacapital.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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