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4 star

Aditya Birla Sun Life Savings Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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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(₹)
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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 0.22 0.02 0.11 0.37 0.97 2.03 4.23 6.51 6.88 7.58 --
CCIL T Bill Liquidity Weight 0.09 0.02 0.03 0.21 0.49 1.07 2.12 3.13 3.51 3.93 --
Debt: Ultra Short Duration 0.18 0.01 0.09 0.34 0.91 2.00 4.11 5.74 5.96 6.70 --
Rank within category 2 3 1 6 4 6 5 3 2 2 --
Number of funds in category 27 27 27 27 27 27 26 20 14 14 0

As on 14-Jan-2022

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
4 star
Jan-13 4.23 6.51 6.88 0.34% 14,743
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.96 6.16 -- 0.34% 13,642
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 4.67 6.84 7.23 0.39% 11,500
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.79 5.99 6.57 0.33% 11,223
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.69 5.82 6.47 0.31% 9,120

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 4.04 22-Dec-2020 - 22-Dec-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.40 0.86 3.11 7.12 1.08 3.32
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Debt: Ultra Short Duration 5.67 1.13 2.32 6.00 1.11 2.61
Rank within category 3 16 4 10 5 3
Number of funds in category 20 20 20 20 20 20

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

As on 31-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 147 163 147 36
Modified Duration (yrs) 0.62 0.62 0.45 0.40
Average Maturity (yrs) 0.64 0.64 0.48 0.44
Yield to Maturity (%) 4.69 4.69 4.06 4.26
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
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 6.36 6.36
up 8.83% GOI 25/11/2023 Central Government Loan SOV 1.84 - 3.60 3.08
equal Tata Steel 149-D 11/02/2022 Commercial Paper A1+ 0.00 - 2.70 2.70
equal Reliance Jio Infocomm 90-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.70 2.70
new Indusind Bank 24/05/2022 Certificate of Deposit A1+ 0.00 - 2.50 2.50
equal 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 2.21 2.21
equal Can Fin Homes 361-D 27/09/2022 Commercial Paper A1+ 0.00 - 1.96 1.96
equal Shriram Transport Finance Company 16/06/2023 Non Convertible Debenture AA+ 0.00 - 1.88 1.88
equal Panatone Finvest 277-D 11/02/2022 Commercial Paper A1+ 0.00 - 2.26 1.86
equal Tata Motors 342-D 30/03/2022 Commercial Paper A1+ 0.00 - 1.85 1.85
equal IDFC First Bank 2022 Certificate of Deposit A1+ 0.00 - 1.68 1.68
equal L&T Finance 180-D 17/05/2022 Commercial Paper A1+ 0.00 - 1.67 1.67
equal Axis Bank 15/06/2022 Certificate of Deposit A1+ 0.00 - 1.66 1.66
new Sikka Ports and Terminals 161-D 10/06/2022 Commercial Paper A1+ 0.00 - 1.66 1.66
new HDFC 30/09/2024 Debenture AAA 0.00 - 1.66 1.66
new Indusind Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 1.65 1.65
new Indusind Bank 13/09/2022 Certificate of Deposit A1+ 0.00 - 1.64 1.64
equal 8.21% Haryana State 31/03/2023 State Development Loan SOV 0.00 - 1.62 1.62
equal 9.50% Muthoot Finance 2022 Debenture AA+ 0.00 - 1.60 1.60
equal 8.24% Gujarat State 25/04/2023 State Development Loan SOV 0.00 - 1.48 1.48
equal 8.18% Haryana State 15/06/2022 State Development Loan SOV 1.11 - 1.45 1.45
equal 8.48% Karnataka State 17/10/2022 State Development Loan SOV 1.08 - 1.40 1.40
equal 4.85% Bajaj Housing Finance 2022 Debenture AAA 1.02 - 1.35 1.35
equal The Federal Bank 2022 Certificate of Deposit A1+ 0.00 - 1.35 1.35
equal Cholamandalam Investment & Finance Company 320-D 28/09/2022 Commercial Paper A1+ 0.00 - 1.31 1.31

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-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 14-Jan-2022

Growth: ₹ 441.1970

IDCW Weekly: ₹ 100.6719

IDCW Daily: ₹ 100.4794


Investment Strategy

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

Investment Details

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1
Min. 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: 8.05%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 14,743 Cr (As on 31-Dec-2021)
Expense: 0.34% (As on 30-Nov-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jan-20220.0176

 13-Jan-20220.0243
 12-Jan-20220.0186
 11-Jan-20220.0229
 10-Jan-20220.0312
 07-Jan-20220.0282
 06-Jan-20220.0118
 05-Jan-20220.0143
 04-Jan-20220.0059
 03-Jan-20220.0467
 31-Dec-20210.0148
 30-Dec-20210.0121
 29-Dec-20210.0214
 28-Dec-20210.0055
 27-Dec-20210.0371
 24-Dec-20210.0164
 23-Dec-20210.0218
 20-Dec-20210.0146
 17-Dec-20210.0054
 15-Dec-20210.0077
 14-Dec-20210.0077
 13-Dec-20210.0398
 10-Dec-20210.0097
 09-Dec-20210.0040
 08-Dec-20210.0322
IDCW Weekly14-Jan-20220.1150

 07-Jan-20220.1071
 31-Dec-20210.0909
 24-Dec-20210.0442
 17-Dec-20210.0491
 10-Dec-20210.0881
 03-Dec-20210.0591
 26-Nov-20210.0419
 22-Nov-20210.1210
 12-Nov-20210.0625
 08-Nov-20210.1390
 29-Oct-20210.0082
 22-Oct-20210.0217
 18-Oct-20210.1260
 08-Oct-20210.0550
 01-Oct-20210.0375
 24-Sep-20210.0442
 17-Sep-20210.0262
 13-Sep-20210.0858
 03-Sep-20210.1034
 27-Aug-20210.0857
 20-Aug-20210.0998
 13-Aug-20210.1205
 06-Aug-20210.0667
 30-Jul-20210.0836

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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