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Unrated

Aditya Birla Sun Life Floating Rate Fund

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Debt: Floater

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1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

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.

However, 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.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 6.60 0.01 0.15 0.46 1.72 7.01 8.79 8.04 8.30 8.63 8.86
CCIL T Bill Liquidity Weight 2.49 0.02 0.04 0.19 0.54 1.61 3.46 3.99 4.17 4.65 4.76
Debt: Floater 6.60 -0.01 0.12 0.54 1.80 6.74 8.65 7.63 7.76 8.05 8.21
Rank within category 4 4 2 5 5 3 4 1 1 1 1
Number of funds in category 7 7 7 7 7 7 7 5 5 5 5

As on 25-Sep-2020

Peer Comparison

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
Unrated
 Mar-09 8.79 8.04 8.30 0.36 6,886
Nippon India Floating Rate Fund  | Invest Online
Unrated
 Aug-04 10.52 7.86 8.07 0.57 12,158
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
 Oct-07 8.77 7.92 8.07 0.48 10,681
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
 Nov-05 9.18 7.61 7.90 1.31 8,837
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
 Jun-03 8.79 8.04 8.30 0.28 6,886

Best & Worst Performance

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)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.75 1.02 2.56 6.85 0.74 3.48
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Floater 7.35 1.19 1.96 3.75 0.26 2.51
Rank within category 1 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 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 130 144 99 89
Modified Duration (yrs) 1.07 1.23 0.81 1.91
Average Maturity (yrs) 1.25 1.45 0.98 2.40
Yield to Maturity (%) 4.61 6.51 4.53 5.39
Avg Credit Rating AAA -- -- --

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 - 9.06 6.46
down 8.15% REC 18/01/2021 Bonds/Debentures AAA 2.95 - 4.48 3.71
equal Axis Bank 23/12/2020 Non Convertible Debenture A1+ 0.00 - 4.06 3.64
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 1.62 - 3.68 3.39
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 2.87 2.66
equal Rabo Bank India 27/11/2020 Certificate of Deposit A1+ 0.00 - 2.43 2.18
up 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.04 2.04
equal 8.26% Uttar Pradesh State 2022 State Development Loan SOV 0.00 - 1.89 1.68
equal Reliance Industries 21/09/2023 Debenture AAA 0.00 - 1.62 1.52
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 1.65 1.51
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 1.61 1.50
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 0.00 - 1.62 1.49
equal 9.68% Export-Import Bank 17/12/2020 Bonds AAA 0.00 - 1.67 1.48
equal 7.20% Cholamandalam Invest. & Fin. 17/06/2022 Debenture AA+ 0.00 - 1.59 1.46
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 1.58 1.46
equal HDB Financial Services 20/10/2022 Debenture AAA 0.00 - 1.61 1.45
equal HDFC 363-D 10/02/2021 Commercial Paper A1+ 0.00 - 1.55 1.43
equal HDFC 364-D 25/05/2021 Commercial Paper A1+ 0.00 - 1.51 1.41
new Cholamandalam Invest. & Fin. 273-D 21/05/2021 Commercial Paper A1+ 0.00 - 1.40 1.40
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 1.38 1.27
equal 8.35% REC 13/03/2022 Debenture AAA 0.84 - 1.25 1.14
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 1.25 1.14
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 1.98 1.13
equal Tata Power 301-D 23/04/2021 Commercial Paper A1+ 0.00 - 1.19 1.12
new 6.70% Tata Capital 2023 Debenture AAA 0.00 - 1.09 1.09

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-Aug-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:

— Pranay Sinha since 06-Aug-2020

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).

Funds Managed:

Invest Online
0.01%

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

Growth: ₹ 260.0004

Dividend Weekly: ₹ 101.8033

Dividend Daily: ₹ 101.7902

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: 8.65%
Benchmark: CRISIL Liquid
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 6,886 Cr (As on 31-Aug-2020)
Expense: 0.36% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Sep-20200.0082

 23-Sep-20200.0480
 22-Sep-20200.0123
 21-Sep-20200.0285
 18-Sep-20200.0512
 17-Sep-20200.0265
 16-Sep-20200.0181
 15-Sep-20200.0631
 11-Sep-20200.0141
 10-Sep-20200.0041
 08-Sep-20200.0005
 03-Sep-20200.0423
 02-Sep-20200.0310
 01-Sep-20200.0270
 31-Aug-20200.1198
 28-Aug-20200.1523
 24-Aug-20200.0376
 19-Aug-20200.0280
 18-Aug-20200.0041
 17-Aug-20200.0255
 14-Aug-20200.0449
 13-Aug-20200.0022
 12-Aug-20200.0617
 11-Aug-20200.0369
 10-Aug-20200.0079
Dividend Weekly22-Sep-20200.1874

 08-Sep-20200.0028
 01-Sep-20200.2386
 18-Aug-20200.1708
 11-Aug-20200.0407
 04-Aug-20200.1630
 21-Jul-20200.1280
 14-Jul-20200.1175
 07-Jul-20200.1823
 30-Jun-20200.0974
 23-Jun-20200.1431
 16-Jun-20200.3738
 09-Jun-20200.0649
 02-Jun-20200.0260
 26-May-20200.1874
 19-May-20200.2195
 12-May-20200.1422
 05-May-20200.1362
 21-Apr-20200.3965
 07-Apr-20200.0410
 31-Mar-20200.6886
 11-Mar-20200.0218
 03-Mar-20200.0065
 25-Feb-20200.0432
 18-Feb-20200.0699

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: http://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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