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Unrated

Aditya Birla Sun Life Floating Rate Fund


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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(₹)
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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 1.72 0.03 0.22 0.53 1.90 1.99 6.28 7.89 7.75 8.11 8.63
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 4.62
Debt: Floater 1.68 0.04 0.21 0.57 1.63 2.06 6.90 7.80 7.40 7.67 8.06
Rank within category 4 8 5 6 3 6 5 4 2 2 1
Number of funds in category 8 10 10 10 9 8 7 5 5 5 5

As on 11-Jun-2021

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 6.28 7.89 7.75 0.38 14,324
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 7.43 8.04 7.74 0.48 17,250
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 7.72 8.90 7.79 0.57 15,676
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 6.28 7.89 7.75 0.28 14,324
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
Nov-05 7.85 7.91 7.56 1.32 12,113

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 7.61 1.15 2.89 4.33 1.17 4.22
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Floater 7.49 1.22 2.64 4.01 0.62 3.67
Rank within category 3 3 2 2 5 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-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 197 205 126 96
Modified Duration (yrs) 1.31 1.46 1.01 1.41
Average Maturity (yrs) 1.67 1.67 1.18 3.17
Yield to Maturity (%) 4.77 5.06 4.06 4.81
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 Axis Bank 22/12/2021 Debenture A1+ 0.00 - 5.62 3.49
down National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 3.60 3.12
down 8.79% GOI 2021 Central Government Loan SOV 0.05 - 6.46 2.88
up 8.21% Haryana State 31/03/2023 State Development Loan SOV 0.00 - 2.82 2.82
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.00 - 2.75 2.75
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 1.04 - 1.98 1.97
equal Aditya Birla Finance 17/03/2023 Debenture AAA 0.00 - 1.76 1.76
equal Aditya Birla Housing Finance 15/03/2024 Debenture AAA 0.00 - 1.76 1.76
equal 5.40% Nabha Power 15/05/2023 Debenture AAA 0.00 - 1.75 1.75
down 7.37% GOI 16/04/2023 GOI Securities SOV 0.11 - 1.59 1.51
new GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 1.49 1.49
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.27 - 1.44 1.43
down 5.47% Power Finance Corp. 19/08/2023 Debenture AAA 0.00 - 2.54 1.41
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.88 - 1.94 1.30
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 1.20 - 2.87 1.28
equal 6.98% Power Finance Corp. 20/04/2023 Non Convertible Debenture AAA 0.00 - 1.09 1.09
equal Kotak Mahindra Investments 22/12/2022 Debenture AAA 0.00 - 1.68 1.06
equal 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 1.06 1.06
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.55 1.05
equal 4.96% LIC Housing Fin. 14/09/2023 Non Convertible Debenture AAA 0.00 - 1.54 1.05
equal 4.80% M&M Financial Services 2022 Debenture AAA 0.00 - 1.54 1.04
equal 9.39% Gujarat State 20/11/2023 State Development Loan SOV 0.32 - 1.56 1.04
equal 8.60% Kerala State 23/01/2023 State Development Loan SOV 0.00 - 1.04 1.04
equal 8.64% Andhra Pradesh State 2023 State Development Loan SOV 0.00 - 0.99 0.94
up REC 13/12/2022 Debenture AAA 0.36 - 0.93 0.93

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-May-2021

Fund Manager

— Kaustubh Gupta since 15-Jul-2011

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

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

Funds Managed:


0.03%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 269.5205

IDCW Weekly: ₹ 101.0285

IDCW Daily: ₹ 100.7475


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 23-Mar-2009
Return Since Launch: 8.45%
Benchmark: CRISIL Liquid TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 14,324 Cr (As on 31-May-2021)
Expense: 0.38% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily10-Jun-20210.0260

 09-Jun-20210.0439
 08-Jun-20210.0641
 07-Jun-20210.0209
 04-Jun-20210.0645
 03-Jun-20210.0402
 02-Jun-20210.0421
 31-May-20210.0002
 25-May-20210.0232
 24-May-20210.0291
 21-May-20210.0339
 20-May-20210.0319
 19-May-20210.0271
 17-May-20210.0527
 14-May-20210.0269
 12-May-20210.0173
 11-May-20210.0102
 10-May-20210.0299
 07-May-20210.0364
 06-May-20210.0210
 05-May-20210.0247
 04-May-20210.0143
 03-May-20210.0181
 30-Apr-20210.0469
 29-Apr-20210.0446
IDCW Weekly08-Jun-20210.1637

 01-Jun-20210.0127
 25-May-20210.1175
 18-May-20210.1073
 11-May-20210.1266
 04-May-20210.1676
 27-Apr-20210.2533
 20-Apr-20210.0659
 15-Apr-20210.0273
 06-Apr-20210.2968
 30-Mar-20210.1401
 23-Mar-20210.3476
 09-Mar-20210.1104
 02-Mar-20210.1079
 16-Feb-20210.1779
 27-Jan-20210.0466
 05-Jan-20210.1795
 29-Dec-20200.1582
 22-Dec-20200.0529
 15-Dec-20200.0602
 08-Dec-20200.0536
 01-Dec-20200.1224
 24-Nov-20200.2202
 17-Nov-20200.1381
 10-Nov-20200.1572

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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