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Unrated

Aditya Birla Sun Life Floating Rate Fund - Direct Plan


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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.

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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 5.76 0.07 0.29 1.58 4.07 5.36 9.74 8.46 8.71 9.00 --
CCIL T Bill Liquidity Weight 2.06 -0.01 0.05 0.22 0.84 1.89 3.85 4.13 4.32 4.69 --
Debt: Floater 6.07 0.06 0.48 1.98 4.41 5.77 9.96 8.23 8.36 8.61 --
Rank within category 5 3 6 6 5 5 5 2 3 2 --
Number of funds in category 7 7 7 7 7 7 7 5 5 5 0

As on 13-Jul-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 Floating Rate Fund - Direct Plan  | Invest Online
Unrated
Jan-13 9.74 8.46 8.71 0.19 6,360
Nippon India Floating Rate Fund - Direct Plan  | Invest Online
Unrated
Jan-13 12.27 8.70 8.76 0.21 11,636
HDFC Floating Rate Debt Fund - Direct Plan  | Invest Online
Unrated
Jan-13 9.55 8.19 8.33 0.23 9,331
ICICI Prudential Floating Interest Fund - Direct Plan  | Invest Now
Unrated
Jan-13 10.22 8.45 8.83 0.58 6,291
UTI Floater Fund - Direct Plan
Unrated
Oct-18 9.87 -- -- 0.31 1,518

Best & Worst Performance

Best (Period) Worst (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 8.08 1.00 2.79 6.92 0.75 3.70
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Floater 7.82 1.16 2.32 4.15 0.24 2.82
Rank within category 2 2 2 1 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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 126 144 99 78
Modified Duration (yrs) 1.23 1.23 0.78 1.70
Average Maturity (yrs) 1.41 1.45 0.93 2.07
Yield to Maturity (%) 4.72 7.02 4.72 5.08

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 8.15% GOI 21/12/2020 GOI Securities Floating Rate Bond SOV 0.00 - 9.06 7.00
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 2.95 - 4.48 4.40
equal Axis Bank 23/12/2020 Non Convertible Debenture A1+ 0.00 - 4.06 3.94
up 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 3.68 3.68
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 2.87 2.87
equal 7.25% Bajaj Finance 2020 Debenture AAA 0.37 - 2.86 2.78
equal Rabo Bank India 27/11/2020 Certificate of Deposit A1+ 0.00 - 2.43 2.36
equal 8.26% Uttar Pradesh State 2022 State Development Loan SOV 0.00 - 1.89 1.83
up 8.54% Bajaj Finance 2022 Debenture AAA 0.99 - 1.72 1.72
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 1.65 1.64
equal Reliance Industries 21/09/2023 Debenture AAA 0.00 - 1.62 1.62
equal 9.68% Export-Import Bank 17/12/2020 Bonds AAA 0.00 - 1.67 1.61
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 1.61 1.61
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 0.00 - 1.62 1.61
new 7.20% Cholamandalam Invest. & Fin. 17/06/2022 Debenture AA+ 0.00 - 1.59 1.59
new 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 1.58 1.58
equal HDB Financial Services 20/10/2022 Debenture AAA 0.00 - 1.61 1.55
equal HDFC 363-D 10/02/2021 Commercial Paper A1+ 0.00 - 1.55 1.53
equal HDFC 317-D 10/03/2021 Commercial Paper A1+ 0.00 - 1.55 1.53
equal HDFC 364-D 25/05/2021 Commercial Paper A1+ 0.00 - 1.51 1.51
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 1.38 1.37
equal 8.35% REC 13/03/2022 Debenture AAA 0.84 - 1.25 1.24
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 1.25 1.23
down 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 1.98 1.22
new Tata Power 301-D 23/04/2021 Commercial Paper A1+ 0.00 - 1.19 1.19

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:


0.07%

Change from previous, NAV as on 13-Jul-2020

Growth: ₹ 262.0913

Dividend Weekly: ₹ 101.9416

Dividend Daily: ₹ 101.9077


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
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.04%
Benchmark: CRISIL Liquid
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 6,360 Cr (As on 30-Jun-2020)
Expense: 0.19% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily09-Jul-20200.0221

 08-Jul-20200.0247
 07-Jul-20200.0350
 06-Jul-20200.0177
 03-Jul-20200.0545
 02-Jul-20200.0413
 01-Jul-20200.0175
 30-Jun-20200.0192
 26-Jun-20200.0508
 25-Jun-20200.0221
 24-Jun-20200.0220
 23-Jun-20200.0380
 22-Jun-20200.0399
 19-Jun-20200.0501
 18-Jun-20200.0174
 17-Jun-20200.0173
 16-Jun-20200.0176
 15-Jun-20200.0761
 12-Jun-20200.1093
 11-Jun-20200.0468
 10-Jun-20200.0970
 09-Jun-20200.0421
 08-Jun-20200.0399
 05-Jun-20200.0188
 03-Jun-20200.0203
Dividend Weekly07-Jul-20200.1866

 30-Jun-20200.1008
 23-Jun-20200.1464
 16-Jun-20200.3772
 09-Jun-20200.0682
 02-Jun-20200.0292
 26-May-20200.1907
 19-May-20200.2227
 12-May-20200.1455
 05-May-20200.1439
 21-Apr-20200.4077
 07-Apr-20200.0450
 31-Mar-20200.7035
 11-Mar-20200.0253
 03-Mar-20200.0096
 25-Feb-20200.0463
 18-Feb-20200.0730
 11-Feb-20200.2690
 04-Feb-20200.0972
 28-Jan-20200.1259
 21-Jan-20200.1088
 14-Jan-20200.1068
 07-Jan-20200.1625
 31-Dec-20190.0752
 24-Dec-20190.0995

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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