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Mutual Fund Publication

Aditya Birla Sun Life Corporate Bond Fund - Direct Plan

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Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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cal

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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 1.92 0.08 0.16 1.26 2.32 4.34 10.49 8.20 8.63 9.01 --
VR Bond 2.05 0.15 0.36 1.66 2.61 3.31 9.27 7.09 7.21 7.57 --
Debt: Corporate Bond 2.19 0.06 0.15 1.48 2.49 4.76 9.68 7.55 8.07 8.61 --
Rank within category 14 6 7 14 13 17 12 6 5 -- --
Number of funds in category 20 20 20 20 20 20 19 14 13 8 0

As on 26-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.91 (29-Aug-2013 - 05-Sep-2013) -1.13 (10-Jul-2013 - 17-Jul-2013)
Month 1.97 (20-Aug-2013 - 19-Sep-2013) -1.11 (15-Jul-2013 - 14-Aug-2013)
Quarter 3.76 (25-Aug-2016 - 24-Nov-2016) -0.95 (21-May-2013 - 20-Aug-2013)
Year 11.74 (31-Jan-2014 - 02-Feb-2015) 4.57 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.49 1.40 1.31 2.38 0.55 1.63
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Corporate Bond 6.72 2.58 0.80 1.41 0.60 0.84
Rank within category 4 4 4 2 7 4
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 222 222 180 68
Modified Duration (yrs) 1.75 2.04 1.13 2.48
Average Maturity (yrs) 2.21 2.84 1.44 3.19
Yield to Maturity (%) 6.64 8.45 6.52 7.19

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.68% ONGC Petro Additions 18/05/2020 Structured Obligation AAA 4.15 - 4.91 4.15
equal 8.65% M&M Financial Services 19/03/2021 Debenture AAA 0.00 - 2.85 2.53
up 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 3.01 2.52
equal 6.78% Reliance Industries 16/09/2020 Non Convertible Debenture AAA 0.32 - 2.52 2.39
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 3.07 2.38
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 2.31 2.29
up 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 2.25 2.25
up 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 2.24 2.24
down 6.99% Air India Assets Holdings 16/12/2022 Debenture AAA 0.00 - 2.42 1.97
down 8.24% GOI 15/02/2027 Central Government Loan SOV 0.00 - 2.66 1.93
equal 7.90% Tata Sons 2020 Debenture AAA 1.65 - 2.29 1.65
up 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 1.56 1.56
up 6.90% REC 30/06/2022 Debenture AAA 0.00 - 1.43 1.43
down 8.37% REC 14/08/2020 Bonds AAA 1.42 - 2.08 1.42
equal 7.25% Bajaj Finance 2020 Debenture AAA 0.00 - 1.56 1.41
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 1.37 1.35
new 8.65% Reliance Industries 2028 Non Convertible Debenture AAA 0.00 - 1.34 1.34
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 1.24 1.24
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 1.60 1.24
equal 9.30% Fullerton India Credit 15/03/2021 Debenture AAA 1.21 - 2.44 1.21
up 7.88% GOI 19/03/2030 GOI Securities SOV 0.00 - 1.17 1.17
up 1.50% HDFC 22/06/2020 Bonds/Debentures AAA 0.34 - 1.14 1.14
up 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 1.13 1.13
equal 7.42% Power Finance Corp. 26/06/2020 Debenture AAA 0.95 - 1.27 1.13
new 7.98% LIC Housing Fin. 15/05/2020 Debenture AAA 0.00 - 1.10 1.10

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-Jan-2020

Fund Manager

— Kaustubh Gupta since 01-Apr-2017

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:

— Maneesh Dangi since 01-Apr-2017

Education: Mr. Dangi is an MBA and FRM.

Experience: Prior to joining Birla Sun Life Asset Management Company he has worked with Pioneer Investcorp.

Funds Managed:

Invest Online
0.08%

Change from previous, NAV as on 26-Feb-2020

Growth: ₹ 78.6478

Dividend Monthly: ₹ 11.9702

Discipline Advantage Plan: ₹ 12.7540

Investment Strategy

The scheme seeks to generate optimal returns with high liquidity through active management of the portfolio by investing in High Quality Debt and Money Market Instruments.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.98%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 17,860 Cr (As on 31-Jan-2020)
Expense: 0.27% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Discipline Advantage Plan25-Feb-20200.5835

 22-Mar-20190.7203
 22-Sep-20150.4695
 29-Dec-20140.1887
 26-Sep-20140.1948
 05-Sep-20140.5455
Dividend Monthly17-Feb-20200.0462

 15-Jan-20200.0419
 16-Dec-20190.0434
 15-Nov-20190.0432
 15-Oct-20190.0485
 16-Sep-20190.0522
 16-Aug-20190.0538
 15-Jul-20190.0468
 17-Jun-20190.0547
 15-May-20190.0498
 15-Apr-20190.0514
 15-Mar-20190.0496
 15-Feb-20190.0550
 15-Jan-20190.0512
 17-Dec-20180.0563
 15-Nov-20180.0545
 15-Oct-20180.0427
 17-Sep-20180.0490
 16-Aug-20180.0475
 16-Jul-20180.0473
 15-Jun-20180.0474
 15-May-20180.0448
 16-Apr-20180.0493
 15-Mar-20180.0403
 15-Feb-20180.0447

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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