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Aditya Birla Sun Life Money Manager Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 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 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 7.90 0.50 1.59 8.39 7.72 7.91 --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 --
Debt: Money Market 7.70 0.49 1.64 8.17 7.35 7.79 --
Rank within category 8 9 17 7 4 4 --
Number of funds in category 17 19 19 17 13 13 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 1.01 (01-Mar-2019 - 02-Apr-2019) 0.32 (03-Apr-2019 - 03-May-2019)
Quarter 2.69 (24-Jul-2013 - 23-Oct-2013) 1.62 (04-Oct-2017 - 03-Jan-2018)
Year 9.95 (26-Jul-2013 - 27-Jul-2014) 6.83 (24-Nov-2016 - 24-Nov-2017)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.47 0.43 3.89 13.38 1.10 3.52
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Money Market 7.10 0.70 3.22 8.70 0.98 2.97
Rank within category 3 8 7 6 10 4
Number of funds in category 15 15 15 15 15 15

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 71 85 45 41
Modified Duration (yrs) 0.36 0.65 0.32 0.35
Average Maturity (yrs) 0.36 0.65 0.32 0.35
Yield to Maturity (%) 5.53 7.88 5.45 5.50

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal National Bank Agr. Rur. Devp 310-D 13/03/2020 Commercial Paper A1+ 0.00 - 3.57 3.32
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 3.57 3.32
equal SIDBI 14/02/2020 Commercial Paper A1+ 0.00 - 3.50 3.24
equal Tata Power 146-D 18/03/2020 Commercial Paper A1+ 0.00 - 3.27 3.08
equal LIC Housing Fin. 364-D 10/02/2020 Commercial Paper A1+ 0.00 - 3.01 2.67
equal Tata Sons 364-D 10/02/2020 Commercial Paper A1+ 0.00 - 3.60 2.66
equal National Bank Agr. Rur. Devp 13/03/2020 Commercial Paper A1+ 0.00 - 4.91 2.65
new Federal Bank 2020 Certificate of Deposit A1+ 0.00 - 2.64 2.64
new Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 2.63 2.63
new L&T Infrastructre Finance 235-D 10/07/2020 Commercial Paper A1+ 0.00 - 2.59 2.59
equal HDFC 362-D 02/03/2020 Commercial Paper A1+ 0.00 - 2.70 2.48
equal REC 365-D 04/03/2020 Commercial Paper A1+ 0.00 - 2.66 2.44
equal HDFC 352-D 28/02/2020 Commercial Paper A1+ 0.00 - 2.39 2.22
equal SIDBI 18/03/2020 Certificate of Deposit A1+ 0.00 - 2.38 2.21
new Indusind Bank 23/03/2020 Certificate of Deposit A1+ 0.00 - 2.21 2.21
new Reliance Industries 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 2.19 2.19
equal Cholamandalam Invest. & Fin. 351-D 13/03/2020 Commercial Paper A1+ 0.00 - 2.02 1.90
equal Britannia Inds. 260-D 20/12/2019 Commercial Paper A1+ 0.00 - 1.93 1.79
new Reliance Jio Infocomm 77-D 24/01/2020 Commercial Paper A1+ 0.00 - 1.78 1.78
equal Reliance Industries 179-D 02/03/2020 Commercial Paper A1+ 0.00 - 1.91 1.77
new Reliance Industries 109-D 06/03/2020 Commercial Paper A1+ 0.00 - 1.77 1.77
equal Export-Import Bank 27/03/2020 Certificate of Deposit A1+ 0.00 - 1.90 1.77
new Reliance Industries 166-D 05/05/2020 Commercial Paper A1+ 0.00 - 1.75 1.75
new Tata Capital Housing Finance 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 1.75 1.75
new L&T Infrastructre Finance 288-D 04/09/2020 Commercial Paper A1+ 0.00 - 1.71 1.71

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-Nov-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:


0.01%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 265.7248

Dividend Weekly: ₹ 100.1913

DIvidend Daily: ₹ 100.1911


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 (₹) 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
Benchmark: NIFTY Money Market
Riskometer: Low
Type: Open-ended
Assets: ₹ 11,145 Cr (As on 30-Nov-2019)
Expense: 0.15% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: High
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
DIvidend Daily12-Dec-20190.0120

 11-Dec-20190.0127
 10-Dec-20190.0136
 09-Dec-20190.0178
 06-Dec-20190.0378
 05-Dec-20190.0149
 04-Dec-20190.0136
 03-Dec-20190.0119
 02-Dec-20190.0142
 29-Nov-20190.0508
 28-Nov-20190.0114
 27-Nov-20190.0171
 26-Nov-20190.0133
 25-Nov-20190.0131
 22-Nov-20190.0426
 21-Nov-20190.0276
 20-Nov-20190.0197
 19-Nov-20190.0115
 18-Nov-20190.0218
 15-Nov-20190.0505
 14-Nov-20190.0150
 13-Nov-20190.0188
 11-Nov-20190.0306
 08-Nov-20190.0393
 07-Nov-20190.0158
Dividend Weekly13-Dec-20190.0941

 06-Dec-20190.1054
 29-Nov-20190.0977
 22-Nov-20190.1312
 15-Nov-20190.1039
 08-Nov-20190.1140
 01-Nov-20190.0970
 25-Oct-20190.0908
 18-Oct-20190.0949
 11-Oct-20190.0994
 04-Oct-20190.1258
 27-Sep-20190.0951
 20-Sep-20190.1012
 13-Sep-20190.0782
 06-Sep-20190.1179
 30-Aug-20190.1001
 23-Aug-20190.1068
 16-Aug-20190.1373
 09-Aug-20190.1068
 02-Aug-20190.1201
 26-Jul-20190.1071
 19-Jul-20190.0994
 12-Jul-20190.1117
 05-Jul-20190.1128
 28-Jun-20190.1130

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

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM