VR Logo

Aditya Birla Sun Life Low Duration Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.37 0.03 0.10 0.59 1.76 4.15 8.97 8.09 8.54 8.89 --
Debt: Low Duration 0.08 0.02 -0.15 0.30 1.08 2.71 2.41 5.57 6.68 7.49 --
Rank within category 7 6 14 8 9 5 4 2 1 1 --
Number of funds in category 26 26 26 26 26 26 26 25 23 22 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 1.44 (30-Aug-2013 - 01-Oct-2013) -0.13 (24-Jun-2013 - 24-Jul-2013)
Quarter 3.19 (24-Jul-2013 - 23-Oct-2013) 1.19 (02-Nov-2017 - 01-Feb-2018)
Year 10.92 (24-Jul-2013 - 24-Jul-2014) 6.71 (26-Sep-2017 - 26-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.88 0.78 2.77 5.61 1.92 5.31
Debt: Low Duration 5.65 3.16 1.04 1.94 1.95 3.14
Rank within category 2 6 3 2 13 2
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 129 130 98 53
Modified Duration (yrs) 0.79 0.89 0.55 0.78
Average Maturity (yrs) 0.93 1.00 0.59 0.95
Yield to Maturity (%) 6.78 8.88 6.39 7.05

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.25% Indusind Bank 26/03/2020 Fixed Deposits -- 0.00 - 3.87 3.87
equal 7.68% ONGC Petro Additions 18/05/2020 Structured Obligation AAA 0.00 - 4.12 3.78
up Axis Bank 19/08/2020 Certificate of Deposit A1+ 0.00 - 3.26 3.26
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 4.11 2.71
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 2.87 2.49
equal 1.50% HDFC 18/06/2020 Debenture AAA 0.00 - 2.37 2.37
new Birla Group Holdings 91-D 28/02/2020 Commercial Paper A1+ 0.00 - 2.24 2.24
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 2.39 2.13
equal 7.70% LIC Housing Fin. 22/05/2020 Non Convertible Debenture AAA 0.00 - 2.04 2.04
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 2.47 1.96
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 2.53 1.96
equal SIDBI 15/05/2020 Securitised Debt AAA 0.00 - 2.19 1.90
down Adani Properties 27/04/2021 Debenture AA- 1.89 - 4.05 1.89
equal SIDBI 2020 Commercial Paper A1+ 0.00 - 1.81 1.64
new Aditya Birla Finance 2027 Debenture AAA 0.00 - 1.64 1.64
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 1.56 - 1.85 1.56
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 1.44 1.43
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 0.00 - 1.57 1.34
equal HUDCO 13/10/2022 Debenture AAA 0.00 - 1.38 1.27
equal Federal Bank 2020 Certificate of Deposit A1+ 0.00 - 1.77 1.20
equal HDFC 358-D 10/07/2020 Commercial Paper A1+ 0.00 - 1.34 1.17
equal Bharti Telecom 19/02/2020 Debenture AA+ 1.12 - 1.40 1.13
equal 7.34% HUDCO 16/09/2022 Debenture AAA 0.00 - 1.21 1.08
equal LIC Housing Fin. 18/05/2020 Zero Coupon Bonds AAA 0.00 - 1.05 1.05
equal 7.59% SIDBI 2022 Non Convertible Debenture AAA 0.00 - 1.23 1.02

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-Dec-2019

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:


0.03%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 505.9382

Dividend Weekly: ₹ 101.0348

Dividend Daily: ₹ 100.7359


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: 8.90%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 10,337 Cr (As on 31-Dec-2019)
Expense: 0.36% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily16-Jan-20200.0188

 15-Jan-20200.0136
 14-Jan-20200.0107
 10-Jan-20200.0385
 09-Jan-20200.0026
 08-Jan-20200.0231
 07-Jan-20200.0228
 06-Jan-20200.0223
 03-Jan-20200.0282
 02-Jan-20200.0417
 01-Jan-20200.0238
 31-Dec-20190.0324
 30-Dec-20190.0084
 27-Dec-20190.0343
 26-Dec-20190.0193
 24-Dec-20190.0063
 23-Dec-20190.0019
 20-Dec-20190.0282
 19-Dec-20190.0255
 18-Dec-20190.0137
 17-Dec-20190.0250
 16-Dec-20190.0211
 13-Dec-20190.0400
 11-Dec-20190.0163
 09-Dec-20190.0246
Dividend Weekly14-Jan-20200.0755

 07-Jan-20200.1489
 31-Dec-20190.0685
 24-Dec-20190.0945
 17-Dec-20190.0706
 03-Dec-20190.1044
 26-Nov-20190.1046
 19-Nov-20190.1261
 13-Nov-20190.0916
 05-Nov-20190.1326
 29-Oct-20190.1333
 22-Oct-20190.1529
 15-Oct-20190.1475
 09-Oct-20190.1484
 01-Oct-20190.1796
 17-Sep-20190.0918
 11-Sep-20190.1259
 03-Sep-20190.1145
 27-Aug-20190.1388
 20-Aug-20190.0862
 13-Aug-20190.1279
 06-Aug-20190.1496
 30-Jul-20190.1326
 23-Jul-20190.0644
 16-Jul-20190.1949

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: 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

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM