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Aditya Birla Sun Life Government Securities Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharper ups and downs because of changes in interest rates.

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 0.20 0.16 0.11 1.12 1.22 1.04 12.13 7.56 9.18 9.82 --
Debt: Gilt 0.07 0.17 0.12 1.37 1.25 1.25 11.66 6.61 8.33 8.88 --
Rank within category 5 10 13 16 11 12 8 4 2 4 --
Number of funds in category 21 21 21 21 21 21 21 21 21 19 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 5.99 (25-Oct-2016 - 24-Nov-2016) -7.64 (19-Jul-2013 - 19-Aug-2013)
Quarter 9.47 (22-Oct-2014 - 23-Jan-2015) -10.39 (20-May-2013 - 19-Aug-2013)
Year 23.56 (26-Feb-2014 - 27-Feb-2015) -1.75 (20-May-2013 - 20-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.83 4.59 0.46 0.73 0.83 0.79
Debt: Gilt 6.85 4.16 0.28 0.56 0.75 -0.06
Rank within category 3 16 5 6 17 5
Number of funds in category 21 21 21 21 21 21

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 14 7 8
Modified Duration (yrs) 5.85 6.58 2.50 5.35
Average Maturity (yrs) 8.30 10.11 3.55 7.86
Yield to Maturity (%) 6.87 7.44 6.24 6.57

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.88% GOI 19/03/2030 GOI Securities SOV 0.00 - 16.17 16.17
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 15.73 15.73
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 13.41 13.41
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 40.95 13.41
down 7.17% GOI 2028 GOI Securities SOV 10.37 - 49.73 10.37
new 7.72% GOI 25/05/2025 Central Government Loan SOV 0.00 - 6.80 6.80
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 6.60 6.60
equal 8.68% Tamilnadu State 2028 State Development Loan SOV 0.00 - 5.64 4.75
equal 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 4.30 4.30
equal 8.52% Karnataka State 28/11/2028 State Development Loan SOV 0.00 - 5.59 2.36
down 7.95% GOI 2032 GOI Securities SOV 0.00 - 8.85 2.33
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 22.82 0.98
equal 8.35% Jharkhand State 2028 State Development Loan SOV 0.17 - 0.23 0.20
equal 8.30% GOI 2040 Central Government Loan SOV 0.00 - 0.00 0.00

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-2019

Fund Manager

— Pranay Sinha since 01-Apr-2017

Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.

Experience: Prior to joining BSLAMC , he has worked with BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).

Funds Managed:


0.16%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 59.0767

Dividend Quarterly: ₹ 11.2671


Investment Strategy

The scheme seeks to generate income and capital appreciation through investments in government securities and T-Bills with medium-to-long term maturities.

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: 10.00%
Benchmark: NIFTY All Duration G-Sec
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 231 Cr (As on 31-Dec-2019)
Expense: 0.58% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly16-Dec-20190.1104

 16-Sep-20190.1272
 17-Jun-20190.1271
 15-Mar-20190.1223
 17-Dec-20180.1222
 17-Sep-20180.0288
 15-Dec-20170.0657
 15-Sep-20170.2504
 15-Jun-20170.2534
 15-Mar-20170.1158
 15-Dec-20160.2752
 15-Sep-20160.2786
 15-Jun-20160.2766
 15-Mar-20160.0472
 15-Dec-20150.2539
 15-Sep-20150.2804
 15-Jun-20150.2924
 16-Mar-20150.2980
 15-Dec-20140.2831
 15-Sep-20140.3084
 16-Jun-20140.2985
 18-Mar-20140.3074
 16-Dec-20130.3123
 17-Sep-20130.1861
 17-May-20130.2597

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

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