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5 star

Aditya Birla Sun Life Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

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 5.86 -0.01 0.13 0.61 3.33 4.84 9.32 8.46 8.60 9.05 --
CCIL T Bill Liquidity Weight 2.20 0.01 0.05 0.18 0.64 1.81 3.71 4.06 4.27 4.78 --
Debt: Low Duration 4.54 -0.01 0.11 1.50 4.00 3.57 6.88 5.62 6.63 7.39 --
Rank within category 4 14 5 8 9 4 4 2 2 1 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 06-Aug-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 Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.32 8.46 8.60 0.41 11,158
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 9.03 8.08 8.35 0.41 18,689
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.54 7.96 7.98 0.40 8,548
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 9.85 8.63 8.96 0.34 5,969
Axis Treasury Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.71 8.32 8.32 0.30 4,955

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.10 (24-Mar-2020 - 31-Mar-2020) -1.17 (12-Mar-2020 - 19-Mar-2020)
Month 2.83 (24-Mar-2020 - 23-Apr-2020) -1.37 (25-Feb-2020 - 26-Mar-2020)
Quarter 4.88 (24-Mar-2020 - 24-Jun-2020) -0.11 (24-Dec-2019 - 24-Mar-2020)
Year 10.92 (24-Jul-2013 - 24-Jul-2014) 6.63 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.19 0.98 3.04 6.61 0.49 3.55
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Low Duration 5.71 4.36 1.39 2.80 -1.00 -0.70
Rank within category 2 6 4 4 14 4
Number of funds in category 25 25 25 25 25 25

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

As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 148 150 110 44
Modified Duration (yrs) 0.93 1.08 0.75 --
Average Maturity (yrs) 1.07 1.30 0.86 --
Yield to Maturity (%) 5.45 7.50 5.45 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.99% Punjab State 13/10/2020 State Development Loan SOV 0.00 - 4.52 4.52
equal 8.97% Shriram Transport Finance 15/03/2021 Debenture AA+ 0.00 - 4.22 3.02
new Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 2.59 2.59
new 7.07% Punjab State 28/12/2020 State Development Loan SOV 0.00 - 2.03 2.03
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 1.78 - 3.30 1.99
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 2.63 1.93
new 6.74% Cholamandalam Invest. & Fin. 17/08/2021 Debenture AA+ 0.00 - 1.80 1.80
equal 7.61% HUDCO 22/06/2022 Debenture AAA 0.34 - 2.39 1.74
down 8.15% REC 18/01/2021 Bonds/Debentures AAA 1.71 - 3.17 1.71
up 6.32% REC 31/12/2021 Debenture AAA 0.00 - 1.82 1.69
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 1.14 - 2.18 1.60
new 8.51% Rajasthan State 27/10/2020 State Development Loan SOV 0.00 - 1.59 1.59
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 2.59 1.58
equal 8.35% REC 13/03/2022 Debenture AAA 0.40 - 2.05 1.50
up HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 1.43 1.43
equal Union Bank of India 18/09/2020 Certificate of Deposit A1+ 0.00 - 1.84 1.34
new HDFC 363-D 13/01/2021 Commercial Paper A1+ 0.00 - 1.31 1.31
new Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 1.31 1.31
equal Larsen & Toubro 305-D 15/03/2021 Commercial Paper A1+ 0.00 - 1.80 1.31
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 1.78 1.29
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 1.85 1.17
new 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 1.14 1.14
equal 7.62% HUDCO 15/07/2022 Debenture AAA 0.08 - 1.55 1.13
new Axis Bank 30/10/2020 Certificate of Deposit A1+ 0.00 - 1.11 1.11
down National Bank Agr. Rur. Devp 327-D 10/03/2021 Commercial Paper A1+ 0.00 - 1.81 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 30-Jun-2020

Fund Manager

— Kaustubh Gupta since 01-Jan-2013

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:

— Mohit Sharma since 01-Apr-2017

Education: Mr. Sharma is B Tech (IIT - Madras) and PGDCM (IIM Calcutta).

Experience: He has around 10 years of experience of which 7 years is in financial markets. He joined Birla Sun AMC in October 2015. Prior to joining Birla AMC, he ran his own healthcare-tech business (June 2012 - May 2015). he has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 - June 2011) and ICICI Bank Ltd (June 2006 - April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 - June 2006).

Funds Managed:


-0.01%

Change from previous, NAV as on 06-Aug-2020

Growth: ₹ 533.6406

Dividend Weekly: ₹ 101.2201

Dividend Daily: ₹ 101.1252


Investment Strategy

The scheme seeks to provide income which is consistent with a portfolio through investments in a basket of debt and money market instruments of short maturities with a view to provide reasonable returns.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.99%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 11,158 Cr (As on 30-Jun-2020)
Expense: 0.41% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily04-Aug-20200.0242

 03-Aug-20200.0320
 31-Jul-20200.0365
 30-Jul-20200.0552
 29-Jul-20200.0438
 28-Jul-20200.0350
 23-Jul-20200.0106
 22-Jul-20200.0322
 17-Jul-20200.0426
 16-Jul-20200.0318
 15-Jul-20200.0401
 14-Jul-20200.0728
 13-Jul-20200.0033
 09-Jul-20200.0557
 08-Jul-20200.0325
 07-Jul-20200.0692
 06-Jul-20200.0300
 03-Jul-20200.0575
 02-Jul-20200.0289
 01-Jul-20200.0283
 26-Jun-20200.0347
 25-Jun-20200.0205
 24-Jun-20200.0192
 23-Jun-20200.0288
 22-Jun-20200.0670
Dividend Weekly04-Aug-20200.2028

 28-Jul-20200.0145
 21-Jul-20200.1503
 14-Jul-20200.1576
 07-Jul-20200.1860
 30-Jun-20200.0582
 23-Jun-20200.2733
 16-Jun-20200.3976
 09-Jun-20200.0942
 02-Jun-20200.0172
 26-May-20200.1825
 19-May-20200.1495
 12-May-20200.2992
 05-May-20200.1324
 21-Apr-20200.4356
 07-Apr-20200.1005
 31-Mar-20200.9148
 11-Mar-20200.0667
 03-Mar-20200.0212
 25-Feb-20200.0726
 18-Feb-20200.0739
 11-Feb-20200.2562
 04-Feb-20200.1132
 28-Jan-20200.1387
 21-Jan-20200.0993

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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