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Unrated

Aditya Birla Sun Life Floating Rate Fund - Direct Plan


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.08 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 0.58 -0.03 0.00 0.79 0.71 1.85 7.57 7.88 7.98 8.40 --
CCIL T Bill Liquidity Weight 0.54 0.02 0.02 0.20 0.49 0.99 2.47 3.65 3.86 4.33 --
Debt: Floater 0.60 0.00 0.01 0.73 0.57 2.17 8.32 7.93 7.85 8.21 --
Rank within category 4 9 7 4 4 7 5 4 3 3 --
Number of funds in category 8 10 10 9 8 7 7 5 5 5 0

As on 16-Apr-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 - Direct Plan  | Invest Online
Unrated
Jan-13 7.57 7.88 7.98 0.22 14,250
HDFC Floating Rate Debt Fund - Direct Plan  | Invest Online
Unrated
Jan-13 8.68 7.99 7.90 0.23 16,559
ICICI Prudential Floating Interest Fund - Direct Plan  | Invest Now
Unrated
Jan-13 9.25 8.29 8.36 0.68 13,125
Nippon India Floating Rate Fund - Direct Plan  | Invest Online
Unrated
Jan-13 9.74 8.52 8.15 0.24 13,114
Kotak Floating Rate Fund - Direct Plan  | Invest Online
Unrated
May-19 9.81 -- -- 0.22 4,049

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.15 24-Mar-2020 - 31-Mar-2020 -1.29 12-Mar-2020 - 19-Mar-2020
Month 2.86 24-Mar-2020 - 23-Apr-2020 -1.53 20-Feb-2020 - 23-Mar-2020
Quarter 5.19 24-Mar-2020 - 24-Jun-2020 -0.23 24-Dec-2019 - 24-Mar-2020
Year 10.78 26-Jul-2013 - 28-Jul-2014 6.32 25-Mar-2019 - 24-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.66 1.18 2.70 4.16 1.32 4.33
CCIL T Bill Liquidity Weight 3.60 0.37 -2.39 -5.59 -- --
Debt: Floater 7.72 1.27 2.67 3.96 0.69 3.85
Rank within category 4 3 3 2 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 31-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 199 199 115 93
Modified Duration (yrs) 1.36 1.46 1.01 1.26
Average Maturity (yrs) 1.55 1.67 1.18 2.38
Yield to Maturity (%) 4.89 5.78 4.06 4.77
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
up 8.79% GOI 2021 Central Government Loan SOV 0.05 - 6.46 6.46
equal Axis Bank 22/12/2021 Debenture A1+ 0.00 - 5.62 3.51
new National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 2.46 2.46
up 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 1.98 1.98
equal 5.14% National Bank Agr. Rur. Devp 21-D 31/01/2024 Debenture AAA 0.00 - 3.96 1.93
new Aditya Birla Housing Finance 15/03/2024 Debenture AAA 0.00 - 1.76 1.76
new Aditya Birla Finance 17/03/2023 Debenture AAA 0.00 - 1.75 1.75
equal 5.47% Power Finance Corp. 19/08/2023 Debenture AAA 0.00 - 2.54 1.73
up 7.16% GOI 20/05/2023 Central Government Loan SOV 0.27 - 1.44 1.44
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 2.03 1.37
equal L&T Infrastructre Finance 364-D 17/02/2022 Commercial Paper A1+ 0.00 - 1.99 1.35
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.88 - 1.94 1.31
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 1.28 - 2.87 1.28
equal 4.79% HPCL 23/10/2023 Debenture AAA 0.00 - 2.35 1.22
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 1.81 1.11
new 6.98% Power Finance Corp. 20/04/2023 Non Convertible Debenture AAA 0.00 - 1.09 1.09
up 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 1.06 1.06
equal Kotak Mahindra Investments 22/12/2022 Debenture AAA 0.00 - 1.68 1.06
new 5.35% LIC Housing Fin. 20/03/2023 Debenture AAA 0.00 - 1.06 1.06
equal 4.96% LIC Housing Fin. 14/09/2023 Non Convertible Debenture AAA 0.00 - 1.54 1.05
new 8.60% Kerala State 23/01/2023 State Development Loan SOV 0.00 - 1.04 1.04
equal 9.39% Gujarat State 20/11/2023 State Development Loan SOV 0.00 - 1.56 1.04
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.55 1.04
equal 4.80% M&M Financial Services 2022 Debenture AAA 0.00 - 1.54 1.04
equal 8.21% Haryana State 31/03/2022 State Development Loan SOV 0.00 - 1.82 0.94

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-Mar-2021

Fund Manager

— Kaustubh Gupta since 01-Jan-2013

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 16-Apr-2021

Growth: ₹ 271.2878

IDCW Weekly: ₹ 100.8916

IDCW Daily: ₹ 100.4458


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: 01-Jan-2013
Return Since Launch: 8.63%
Benchmark: CRISIL Liquid TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 14,250 Cr (As on 31-Mar-2021)
Expense: 0.22% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly15-Apr-20210.0347

 06-Apr-20210.2998
 30-Mar-20210.1430
 23-Mar-20210.3506
 09-Mar-20210.1133
 02-Mar-20210.1109
 16-Feb-20210.1808
 27-Jan-20210.0500
 05-Jan-20210.1829
 29-Dec-20200.1630
 22-Dec-20200.0563
 15-Dec-20200.0636
 08-Dec-20200.0569
 01-Dec-20200.1257
 24-Nov-20200.2236
 17-Nov-20200.1415
 10-Nov-20200.1606
 03-Nov-20200.1039
 27-Oct-20200.0415
 20-Oct-20200.2131
 13-Oct-20200.3511
 06-Oct-20200.2082
 29-Sep-20200.1133
 22-Sep-20200.1907
 08-Sep-20200.0061
IDCW Daily09-Apr-20210.0299

 08-Apr-20210.0292
 07-Apr-20210.0296
 05-Apr-20210.0898
 31-Mar-20210.1332
 30-Mar-20210.0752
 26-Mar-20210.0791
 25-Mar-20210.0085
 24-Mar-20210.0285
 23-Mar-20210.0262
 22-Mar-20210.1347
 19-Mar-20210.0778
 18-Mar-20210.0848
 17-Mar-20210.0393
 16-Mar-20210.0123
 15-Mar-20210.0077
 10-Mar-20210.0004
 09-Mar-20210.0123
 08-Mar-20210.0114
 05-Mar-20210.0367
 04-Mar-20210.0045
 03-Mar-20210.0213
 02-Mar-20210.0390
 01-Mar-20210.0239
 26-Feb-20210.0242

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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