1 LakhInvestment Grown to
₹ 10000Monthly SIP Grown to
This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.
They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.
If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.
Taxability of earnings:
|CCIL T Bill Liquidity Weight||2.99||0.04||0.01||0.21||0.57||1.21||3.19||3.91||4.09||4.52||4.75|
|Rank within category||5||8||8||5||5||5||5||2||1||1||1|
|Number of funds in category||7||8||8||8||7||7||7||5||5||5||5|
As on 04-Dec-2020
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|Aditya Birla Sun Life Floating Rate Fund | Invest Online||Mar-09||8.51||8.19||8.26||0.39||7,160|
|HDFC Floating Rate Debt Fund | Invest Online||Oct-07||9.01||8.18||8.14||0.48||14,534|
|Nippon India Floating Rate Fund | Invest Online||Aug-04||11.24||8.45||8.18||0.57||14,461|
|ICICI Prudential Floating Interest Fund | Invest Now||Nov-05||9.13||7.96||7.97||1.31||10,965|
|Aditya Birla Sun Life Floating Rate Fund - Retail Plan | Invest Online||Jun-03||8.51||8.19||8.26||0.28||7,160|
|Best (Period)||Worst (Period)|
|Week||2.14 (24-Mar-2020 - 31-Mar-2020)||-1.29 (12-Mar-2020 - 19-Mar-2020)|
|Month||2.84 (24-Mar-2020 - 23-Apr-2020)||-1.55 (20-Feb-2020 - 23-Mar-2020)|
|Quarter||5.14 (24-Mar-2020 - 24-Jun-2020)||-0.29 (24-Dec-2019 - 24-Mar-2020)|
|Year||10.56 (26-Jul-2013 - 28-Jul-2014)||6.08 (25-Mar-2019 - 24-Mar-2020)|
|CCIL T Bill Liquidity Weight||3.83||0.33||-3.20||-6.41||--||--|
|Rank within category||2||2||1||1||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 30-Nov-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||134||144||115||100|
|Modified Duration (yrs)||1.09||1.23||0.90||1.09|
|Average Maturity (yrs)||1.28||1.45||1.04||1.28|
|Yield to Maturity (%)||4.06||6.26||4.06||4.06|
|Avg Credit Rating||AAA||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|8.15% GOI 21/12/2020||GOI Securities Floating Rate Bond||SOV||3.42 - 9.06||6.22|
|7.89% SIDBI 15/11/2022||Non Convertible Debenture||AAA||0.00 - 3.74||3.71|
|8.15% REC 18/01/2021||Bonds/Debentures||AAA||3.01 - 4.48||3.55|
|Axis Bank 23/12/2020||Non Convertible Debenture||A1+||0.00 - 4.06||3.49|
|7.17% Nat. Highways Authority 23/12/2021||Non Convertible Debenture||AAA||1.62 - 3.68||3.26|
|7.25% Larsen & Toubro 24/04/2023||Non Convertible Debenture||AAA||0.00 - 2.87||2.58|
|Rabo Bank India 27/11/2020||Certificate of Deposit||A1+||1.63 - 2.43||2.10|
|7.59% GOI 2026||GOI Securities||SOV||0.00 - 2.04||1.99|
|8.26% Uttar Pradesh State 2022||State Development Loan||SOV||0.57 - 1.89||1.62|
|Reliance Industries 21/09/2023||Debenture||AAA||0.00 - 1.62||1.46|
|6.70% National Bank Agr. Rur. Devp 2022||Debenture||AAA||1.09 - 1.65||1.45|
|7.03% LIC Housing Fin. 28/12/2021||Non Convertible Debenture||AAA||1.09 - 1.62||1.44|
|7.06% HDFC 13/12/2021||Non Convertible Debenture||AAA||0.00 - 1.61||1.44|
|HDB Financial Services 20/10/2022||Debenture||AAA||0.00 - 1.61||1.43|
|5.05% Indian Oil Corp. 25/11/2022||Debenture||AAA||0.00 - 1.58||1.41|
|4.79% HPCL 23/10/2023||Debenture||AAA||0.00 - 1.40||1.40|
|HDFC 364-D 25/05/2021||Commercial Paper||A1+||0.00 - 1.51||1.37|
|Cholamandalam Invest. & Fin. 273-D 21/05/2021||Commercial Paper||A1+||0.00 - 1.40||1.37|
|6.90% REC 30/06/2022||Debenture||AAA||0.00 - 1.38||1.23|
|8.37% National Bank Agr. Rur. Devp 2021||Debenture||AAA||0.39 - 1.16||1.15|
|8.35% REC 13/03/2022||Debenture||AAA||0.84 - 1.25||1.10|
|6.98% National Bank Agr. Rur. Devp 19/09/2022||Debenture||AAA||0.82 - 1.25||1.09|
|Tata Power 301-D 23/04/2021||Commercial Paper||A1+||0.00 - 1.19||1.09|
|6.70% Tata Capital 2023||Debenture||AAA||0.00 - 1.09||1.05|
|HDB Financial Services 2022||Debenture||AAA||0.00 - 1.14||1.05|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Oct-2020
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.
Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.
Experience: Prior to joining BSLAMC , he has worked with BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).
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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.
|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|
|Fund House:||Aditya Birla Sun Life Mutual Fund|
|Return Since Launch:||8.65%|
|Benchmark:||CRISIL Liquid TRI|
|Assets:||₹ 7,160 Cr (As on 31-Oct-2020)|
|Expense:||0.39% (As on 31-Oct-2020)|
|Plan||Record Date||Dividend (₹ / Unit)|
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
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
Email: [email protected]