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5 star

Aditya Birla Sun Life Savings Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.41 0.02 0.09 0.44 1.13 2.30 4.80 7.27 7.38 7.95 --
CCIL T Bill Liquidity Weight 1.13 -0.01 0.04 0.19 0.55 1.05 2.12 3.49 3.73 4.17 --
Debt: Ultra Short Duration 2.29 0.01 0.08 0.46 1.08 2.12 4.22 5.93 6.32 7.04 --
Rank within category 5 2 2 2 3 3 3 3 2 2 --
Number of funds in category 27 28 28 28 27 27 26 18 14 14 0

As on 27-Jul-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 Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.80 7.27 7.38 0.34 18,789
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 4.40 -- -- 0.34 16,034
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.87 6.62 6.80 0.31 12,142
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.03 6.74 6.99 0.33 10,545
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 5.38 7.56 7.90 0.39 10,338

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.48 24-Mar-2020 - 31-Mar-2020 -0.86 17-Mar-2020 - 24-Mar-2020
Month 2.01 24-Mar-2020 - 23-Apr-2020 -0.99 25-Feb-2020 - 26-Mar-2020
Quarter 3.88 24-Mar-2020 - 24-Jun-2020 0.16 24-Dec-2019 - 24-Mar-2020
Year 10.82 24-Jul-2013 - 24-Jul-2014 4.75 15-Jul-2020 - 15-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.12 0.83 3.51 7.13 0.97 3.64
CCIL T Bill Liquidity Weight 3.46 0.39 -1.92 -4.74 -- --
Debt: Ultra Short Duration 5.80 1.64 2.03 3.88 1.13 2.44
Rank within category 3 10 2 1 6 3
Number of funds in category 17 17 17 17 17 17

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

As on 30-Jun-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 161 169 136 40
Modified Duration (yrs) 0.52 0.53 0.45 0.39
Average Maturity (yrs) 0.54 0.59 0.50 0.43
Yield to Maturity (%) 4.35 4.64 3.76 4.11
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
down 8.79% GOI 2021 Central Government Loan SOV 0.18 - 13.75 11.54
up 8.30% Reliance Industries 2022 Debenture AAA 0.92 - 4.05 4.05
up 8.83% GOI 25/11/2023 Central Government Loan SOV 0.69 - 2.78 2.78
equal 4.92% Citicorp Finance 28/09/2022 Debenture AAA 0.00 - 3.11 2.66
equal Tata Motors 185-D 29/10/2021 Commercial Paper A1+ 0.00 - 2.72 2.63
equal Reliance Industries 87-D 06/08/2021 Commercial Paper A1+ 0.00 - 2.33 2.25
equal Panatone Finvest 277-D 11/02/2022 Commercial Paper A1+ 0.00 - 2.14 2.07
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 1.95 1.95
equal Axis Bank 23/08/2021 Certificate of Deposit A1+ 0.00 - 2.14 1.85
equal 6.90% REC 30/06/2022 Debenture AAA 1.74 - 2.37 1.74
equal 6.32% REC 31/12/2021 Debenture AAA 1.57 - 1.99 1.70
new Shriram Transport Finance Company 16/06/2023 Non Convertible Debenture AA+ 0.00 - 1.47 1.47
new Kotak Mahindra Bank 2021 Bills Rediscounting -- 0.00 - 1.33 1.33
equal IDFC First Bank 22/09/2021 Certificate of Deposit A1+ 0.00 - 1.37 1.32
equal IDFC First Bank 2022 Certificate of Deposit A1+ 0.00 - 1.34 1.29
equal 8.21% Haryana State 31/03/2023 State Development Loan SOV 0.00 - 1.35 1.29
equal 9.50% Muthoot Finance 2022 Debenture AA+ 0.00 - 1.50 1.28
equal 7.24% REC 21/10/2021 Debenture AAA 1.21 - 1.66 1.21
new Barclays Bank 2021 Certificate of Deposit A1+ 0.00 - 1.19 1.19
equal Reliance Industries 153-D 09/09/2021 Commercial Paper A1+ 0.00 - 1.23 1.19
new 8.24% Gujarat State 25/04/2023 State Development Loan SOV 0.00 - 1.18 1.18
equal 10.02% Cholamandalam Investment & Finance Company 28/11/2021 Debenture AA+ 0.00 - 1.38 1.17
equal 8.18% Haryana State 15/06/2022 State Development Loan SOV 1.16 - 1.58 1.16
equal 8.48% Karnataka State 17/10/2022 State Development Loan SOV 0.00 - 1.33 1.12
equal 4.85% Bajaj Housing Finance 2022 Debenture AAA 0.00 - 1.24 1.06

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-2021

Fund Manager

— Monika Gandhi since 22-Mar-2021

Education: Ms. Gandhi is CA, CAIIB and B.Com.(Hons)

Experience: Prior to joining Aditya Birla Sun life Mutual Fund, she was a Deputy General Manager in IDBI Bank for 13 years wherein she handled project appraisal, credit evaluation and credit monitoring for Large and Mid-Corporates.

— Sunaina da Cunha since 20-Jun-2014

Education: Ms. Cunha is a B.Com (H) and MBA from FMS, Delhi.

Experience: Prior to joining Aditya Birla Sun Life Asset Management Company, she has worked with Aditya Birla Management Corporation Ltd.

Funds Managed:


0.02%

Change from previous, NAV as on 27-Jul-2021

Growth: ₹ 433.2422

IDCW Weekly: ₹ 100.7216

IDCW Daily: ₹ 100.5380


Investment Strategy

The scheme aims to generate regular income from a portfolio of debt and money market instruments, cash and cash equivalents.

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: 8.27%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 18,789 Cr (As on 30-Jun-2021)
Expense: 0.34% (As on 30-Jun-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Jul-20210.0241

 23-Jul-20210.0255
 22-Jul-20210.0205
 20-Jul-20210.0215
 19-Jul-20210.0228
 16-Jul-20210.0288
 15-Jul-20210.0269
 14-Jul-20210.0261
 13-Jul-20210.0171
 12-Jul-20210.0263
 09-Jul-20210.0203
 08-Jul-20210.0192
 07-Jul-20210.0246
 06-Jul-20210.0216
 05-Jul-20210.0089
 02-Jul-20210.0481
 01-Jul-20210.0138
 30-Jun-20210.0112
 29-Jun-20210.0203
 25-Jun-20210.0165
 24-Jun-20210.0114
 23-Jun-20210.0095
 22-Jun-20210.0052
 21-Jun-20210.0085
 18-Jun-20210.0488
IDCW Weekly23-Jul-20210.0938

 16-Jul-20210.1168
 09-Jul-20210.1226
 02-Jul-20210.0607
 25-Jun-20210.0835
 18-Jun-20210.0355
 11-Jun-20210.1151
 04-Jun-20210.0717
 28-May-20210.0951
 21-May-20210.0868
 14-May-20210.0755
 07-May-20210.0638
 30-Apr-20210.1373
 23-Apr-20210.1145
 16-Apr-20210.0588
 09-Apr-20210.0524
 05-Apr-20210.1850
 26-Mar-20210.1569
 19-Mar-20210.0754
 12-Mar-20210.0795
 05-Mar-20210.0682
 26-Feb-20210.0392
 22-Feb-20210.1452
 12-Feb-20210.0825
 29-Jan-20210.0715

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

Last Session

Investors' Hangout

How to crash-proof your equity investments

DateFriday, 23-Jul-2021
Time12:30 PM - 01:00 PM

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