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5 star

Aditya Birla Sun Life Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 0.03 0.02 0.04 0.13 1.06 2.82 8.00 8.45 8.38 8.66 --
CCIL T Bill Liquidity Weight 0.08 -0.01 0.04 0.10 0.46 1.07 2.95 3.78 4.00 4.42 --
Debt: Low Duration 0.11 0.02 0.06 0.21 1.12 2.55 6.39 5.49 6.43 7.00 --
Rank within category 20 22 23 20 9 7 5 2 2 1 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 25-Jan-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 Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.00 8.45 8.38 0.40 19,972
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 8.19 8.24 8.21 0.44 29,895
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.44 8.13 8.16 0.44 25,421
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.93 7.79 7.69 0.40 16,320
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 8.12 8.52 8.65 0.37 11,678

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 8.28 0.96 3.66 8.64 0.78 4.27
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Low Duration 5.65 4.37 1.61 3.10 -0.68 0.22
Rank within category 2 6 2 1 15 1
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 208 212 110 60
Modified Duration (yrs) 0.84 1.08 0.79 0.76
Average Maturity (yrs) 0.95 1.30 0.91 0.89
Yield to Maturity (%) 4.19 7.17 4.11 4.11
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 Reserve Bank of India 364-D 29/04/2021 Treasury Bills SOV 0.00 - 4.02 4.02
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 3.98 3.98
equal Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 2.48 2.48
equal National Bank Agr. Rur. Devp 235-D 02/03/2021 Commercial Paper A1+ 0.00 - 3.53 2.29
new Larsen & Toubro 100-D 25/03/2021 Commercial Paper A1+ 0.00 - 2.11 2.11
equal Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 1.99 1.99
new Axis Bank 28/05/2021 Certificate of Deposit A1+ 0.00 - 1.98 1.98
down HDFC 25/10/2021 Commercial Paper A1+ 0.00 - 2.30 1.94
down 6.22% HDFC 2021 Debenture AAA 0.00 - 2.56 1.91
equal Reserve Bank of India 182-D 04/03/2021 Treasury Bills SOV 0.00 - 1.87 1.87
equal 8.97% Shriram Transport Finance 15/03/2021 Debenture AA+ 0.00 - 4.22 1.75
equal Reserve Bank of India 364-D 22/04/2021 Treasury Bills SOV 0.00 - 1.74 1.74
equal 7.56% Andhra Pradesh State 14/02/2021 State Development Loan SOV 0.00 - 2.00 1.26
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.23 1.23
equal 8.83% GOI 25/11/2023 Central Government Loan SOV 0.00 - 1.14 1.09
equal 6.90% REC 30/06/2022 Debenture AAA 0.93 - 2.63 1.09
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 1.08 1.08
equal 6.74% Cholamandalam Invest. & Fin. 17/08/2021 Debenture AA+ 0.00 - 1.80 1.02
new 4.66% Bajaj Finance 2022 Debenture AAA 0.00 - 1.00 1.00
down 6.32% REC 31/12/2021 Debenture AAA 0.00 - 1.84 0.92
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 0.86 - 2.18 0.89
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.02 - 2.41 0.88
new National Bank Agr. Rur. Devp 28/05/2021 Commercial Paper A1+ 0.00 - 0.86 0.86
equal 4.85% Bajaj Housing Finance 2022 Debenture AAA 0.00 - 0.85 0.85
equal 8.35% REC 13/03/2022 Debenture AAA 0.80 - 2.05 0.84

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-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:


0.02%

Change from previous, NAV as on 25-Jan-2021

Growth: ₹ 547.6290

Dividend Weekly: ₹ 101.1149

Dividend Daily: ₹ 100.7434


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: 8.79%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 19,972 Cr (As on 31-Dec-2020)
Expense: 0.40% (As on 31-Dec-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-Jan-20210.0176

 20-Jan-20210.0041
 19-Jan-20210.0308
 07-Jan-20210.0278
 06-Jan-20210.0102
 05-Jan-20210.0159
 04-Jan-20210.0398
 01-Jan-20210.0482
 31-Dec-20200.0342
 30-Dec-20200.0087
 29-Dec-20200.0202
 28-Dec-20200.0229
 24-Dec-20200.0507
 23-Dec-20200.0155
 22-Dec-20200.0205
 21-Dec-20200.0068
 18-Dec-20200.0260
 17-Dec-20200.0155
 16-Dec-20200.0078
 15-Dec-20200.0059
 14-Dec-20200.0090
 11-Dec-20200.0340
 09-Dec-20200.0145
 08-Dec-20200.0078
 07-Dec-20200.0061
Dividend Weekly05-Jan-20210.1516

 29-Dec-20200.1100
 22-Dec-20200.0622
 15-Dec-20200.0643
 08-Dec-20200.0519
 01-Dec-20200.1030
 24-Nov-20200.1930
 17-Nov-20200.1272
 10-Nov-20200.1377
 03-Nov-20200.1023
 27-Oct-20200.0757
 20-Oct-20200.2086
 13-Oct-20200.2954
 06-Oct-20200.2076
 29-Sep-20200.0649
 22-Sep-20200.1827
 15-Sep-20200.0477
 08-Sep-20200.0233
 01-Sep-20200.2157
 25-Aug-20200.0373
 18-Aug-20200.1974
 11-Aug-20200.0676
 04-Aug-20200.2028
 28-Jul-20200.0145
 21-Jul-20200.1503

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

Upcoming Video

Investors' Hangout

Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM