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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.

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:

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 8.25 0.03 0.01 0.60 1.68 4.30 8.51 8.19 8.26 8.55 8.88
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
Debt: Floater 8.62 0.10 0.08 0.72 1.90 4.85 8.92 7.90 7.80 8.04 8.27
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

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 8.51 8.19 8.26 0.39 7,160
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
 Oct-07 9.01 8.18 8.14 0.48 14,534
Nippon India Floating Rate Fund  | Invest Online
Unrated
 Aug-04 11.24 8.45 8.18 0.57 14,461
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
 Nov-05 9.13 7.96 7.97 1.31 10,965
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
 Jun-03 8.51 8.19 8.26 0.28 7,160

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 7.92 1.01 3.03 8.21 0.81 3.90
CCIL T Bill Liquidity Weight 3.83 0.33 -3.20 -6.41 -- --
Debt: Floater 7.63 1.19 2.42 4.45 0.25 3.03
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

Portfolio Aggregates

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 -- -- --

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 3.42 - 9.06 6.22
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 3.74 3.71
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 3.01 - 4.48 3.55
equal Axis Bank 23/12/2020 Non Convertible Debenture A1+ 0.00 - 4.06 3.49
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 1.62 - 3.68 3.26
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 2.87 2.58
equal Rabo Bank India 27/11/2020 Certificate of Deposit A1+ 1.63 - 2.43 2.10
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.04 1.99
equal 8.26% Uttar Pradesh State 2022 State Development Loan SOV 0.57 - 1.89 1.62
equal Reliance Industries 21/09/2023 Debenture AAA 0.00 - 1.62 1.46
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 1.09 - 1.65 1.45
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 1.09 - 1.62 1.44
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 1.61 1.44
equal HDB Financial Services 20/10/2022 Debenture AAA 0.00 - 1.61 1.43
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 1.58 1.41
new 4.79% HPCL 23/10/2023 Debenture AAA 0.00 - 1.40 1.40
equal HDFC 364-D 25/05/2021 Commercial Paper A1+ 0.00 - 1.51 1.37
equal Cholamandalam Invest. & Fin. 273-D 21/05/2021 Commercial Paper A1+ 0.00 - 1.40 1.37
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 1.38 1.23
equal 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.39 - 1.16 1.15
equal 8.35% REC 13/03/2022 Debenture AAA 0.84 - 1.25 1.10
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.82 - 1.25 1.09
equal Tata Power 301-D 23/04/2021 Commercial Paper A1+ 0.00 - 1.19 1.09
equal 6.70% Tata Capital 2023 Debenture AAA 0.00 - 1.09 1.05
equal HDB Financial Services 2022 Debenture AAA 0.00 - 1.14 1.05

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-Oct-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
0.03%

Change from previous, NAV as on 04-Dec-2020

Growth: ₹ 264.0396

Dividend Weekly: ₹ 101.7248

Dividend Daily: ₹ 101.9761

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 TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 7,160 Cr (As on 31-Oct-2020)
Expense: 0.39% (As on 31-Oct-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily02-Dec-20200.0126

 27-Nov-20200.0229
 26-Nov-20200.0150
 25-Nov-20200.0159
 24-Nov-20200.0377
 23-Nov-20200.0204
 20-Nov-20200.0385
 18-Nov-20200.0649
 17-Nov-20200.0422
 13-Nov-20200.0487
 12-Nov-20200.0284
 11-Nov-20200.0491
 10-Nov-20200.0122
 09-Nov-20200.0134
 06-Nov-20200.0293
 05-Nov-20200.0473
 04-Nov-20200.0511
 03-Nov-20200.0164
 02-Nov-20200.0288
 29-Oct-20200.0535
 28-Oct-20200.0061
 27-Oct-20200.0124
 23-Oct-20200.0366
 22-Oct-20200.0162
 19-Oct-20200.0254
Dividend Weekly01-Dec-20200.1224

 24-Nov-20200.2202
 17-Nov-20200.1381
 10-Nov-20200.1572
 03-Nov-20200.1005
 27-Oct-20200.0382
 20-Oct-20200.2097
 13-Oct-20200.3477
 06-Oct-20200.2049
 29-Sep-20200.1100
 22-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

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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