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5 star

Aditya Birla Sun Life Money Manager Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Money Market debt funds invest in bonds with a maturity of up to one 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is 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 1.77 0.01 0.08 0.33 1.13 1.97 4.73 7.15 7.13 7.55 --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 --
Debt: Money Market 1.67 0.01 0.08 0.31 1.05 1.86 4.28 6.66 6.88 7.41 --
Rank within category 5 9 9 3 5 3 2 1 4 4 --
Number of funds in category 18 18 18 18 18 18 17 13 12 12 0

As on 11-Jun-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 Money Manager Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.73 7.15 7.13 0.21 14,089
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.62 7.00 7.23 0.22 25,994
HDFC Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.64 7.07 7.00 0.21 15,383
Tata Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.82 4.42 5.44 0.25 3,722
Axis Money Market Fund - Direct Plan
4 star
Aug-19 4.53 -- -- 0.13 3,179

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.73 24-Mar-2020 - 31-Mar-2020 -1.20 17-Mar-2020 - 24-Mar-2020
Month 2.56 24-Mar-2020 - 23-Apr-2020 -0.87 25-Feb-2020 - 26-Mar-2020
Quarter 4.21 24-Mar-2020 - 24-Jun-2020 0.07 24-Dec-2019 - 24-Mar-2020
Year 9.95 26-Jul-2013 - 27-Jul-2014 4.69 28-May-2020 - 28-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.98 0.73 3.67 7.33 1.31 3.69
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Money Market 6.70 1.11 2.90 6.07 1.42 3.50
Rank within category 2 8 3 2 8 3
Number of funds in category 14 14 14 14 14 14

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 79 89 66 42
Modified Duration (yrs) 0.42 0.58 0.32 0.40
Average Maturity (yrs) 0.43 0.58 0.32 0.37
Yield to Maturity (%) 3.95 4.45 3.47 3.70
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 8.79% GOI 2021 Central Government Loan SOV 0.00 - 16.30 13.05
new Panatone Finvest 277-D 11/02/2022 Commercial Paper A1+ 0.00 - 5.84 5.84
equal National Bank Agr. Rur. Devp 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 5.26 5.26
equal IDFC First Bank 22/09/2021 Certificate of Deposit A1+ 0.00 - 3.51 3.51
equal Tata Motors 216-D 30/11/2021 Commercial Paper A1+ 0.00 - 3.48 3.48
down Reliance Industries 123-D 28/06/2021 Commercial Paper A1+ 0.00 - 3.27 2.48
new Reliance Industries 87-D 06/08/2021 Commercial Paper A1+ 0.00 - 2.47 2.47
equal Larsen & Toubro 165-D 27/07/2021 Commercial Paper A1+ 0.00 - 2.17 2.12
equal Jamnagar Utilities and Power 168-D 09/08/2021 Commercial Paper A1+ 0.00 - 2.60 2.11
equal Axis Bank 23/08/2021 Certificate of Deposit A1+ 0.00 - 2.60 2.11
equal Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 3.05 2.10
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.56 1.76
equal HDFC 354-D 29/11/2021 Commercial Paper A1+ 0.00 - 2.53 1.74
equal SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 2.11 1.72
equal Export-Import Bank 184-D 24/09/2021 Certificate of Deposit A1+ 0.00 - 1.94 1.58
new Indusind Bank 15/11/2021 Certificate of Deposit A1+ 0.00 - 1.57 1.57
equal National Bank Agr. Rur. Devp 199-D 02/08/2021 Commercial Paper A1+ 0.00 - 1.74 1.41
equal Reliance Industries 153-D 09/09/2021 Commercial Paper A1+ 0.00 - 1.41 1.41
down Tata Motors 157-D 30/09/2021 Commercial Paper A1+ 0.00 - 3.40 1.40
new Hindustan Zinc 2021 Commercial Paper A1+ 0.00 - 1.40 1.40
equal LIC Housing Fin. 355-D 14/12/2021 Commercial Paper A1+ 0.00 - 2.02 1.39
equal Tata Realty and Infrastructure 290-D 20/12/2021 Commercial Paper A1+ 0.00 - 1.69 1.38
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 1.70 1.38
equal Tata Teleservices 364-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.62 1.33
down Reliance Jio Infocomm 91-D 19/07/2021 Commercial Paper A1+ 0.00 - 1.88 1.24

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-May-2021

Fund Manager

— Anuj Jain since 22-Mar-2021

Education: Mr. Jain is a B.Com (H) from Hansraj College and MBA from Amity Business School.

Experience: Prior to joining Escorts MF he has worked with Mata Securities and DSP Investment Managers.

— 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:

— Mohit Sharma since 01-Apr-2017

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

Experience: Prior to joining Aditya Birla Sun Life 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 11-Jun-2021

Growth: ₹ 289.4825

IDCW Weekly: ₹ 100.0770

IDCW Daily: ₹ 100.0200


Investment Strategy

The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
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: 7.87%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 14,089 Cr (As on 31-May-2021)
Expense: 0.21% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily10-Jun-20210.0102

 09-Jun-20210.0173
 08-Jun-20210.0147
 07-Jun-20210.0080
 04-Jun-20210.0315
 03-Jun-20210.0109
 02-Jun-20210.0138
 01-Jun-20210.0108
 31-May-20210.0079
 28-May-20210.0303
 27-May-20210.0188
 25-May-20210.0138
 24-May-20210.0096
 21-May-20210.0300
 20-May-20210.0168
 19-May-20210.0082
 18-May-20210.0112
 17-May-20210.0115
 14-May-20210.0309
 12-May-20210.0193
 11-May-20210.0081
 10-May-20210.0135
 07-May-20210.0174
 06-May-20210.0074
 05-May-20210.0085
IDCW Weekly11-Jun-20210.0817

 04-Jun-20210.0736
 28-May-20210.0722
 21-May-20210.0785
 14-May-20210.0583
 07-May-20210.0668
 30-Apr-20210.1031
 23-Apr-20210.1024
 16-Apr-20210.0735
 09-Apr-20210.0391
 05-Apr-20210.1355
 26-Mar-20210.1252
 19-Mar-20210.0918
 12-Mar-20210.0746
 05-Mar-20210.0575
 26-Feb-20210.0534
 22-Feb-20210.1276
 12-Feb-20210.0868
 05-Feb-20210.0608
 29-Jan-20210.0607
 22-Jan-20210.0497
 15-Jan-20210.0801
 08-Jan-20210.0952
 01-Jan-20210.0284
 28-Dec-20200.0856

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

Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM