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Aditya Birla Sun Life Banking & PSU Debt Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

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 0.40 0.03 0.10 0.84 2.02 3.66 10.26 7.50 8.76 9.55 --
CCIL T Bill Liquidity Weight 0.17 0.01 0.01 0.28 0.83 1.91 4.24 4.15 4.46 4.80 --
Debt: Banking and PSU 0.40 0.04 0.11 0.89 2.13 4.13 10.14 7.65 8.31 8.64 --
Rank within category 10 13 12 8 12 16 13 11 3 1 --
Number of funds in category 19 19 19 19 19 18 17 15 13 4 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 2.90 (25-Oct-2016 - 24-Nov-2016) -1.63 (25-Nov-2016 - 27-Dec-2016)
Quarter 5.08 (25-Aug-2016 - 24-Nov-2016) -1.60 (24-Nov-2016 - 23-Feb-2017)
Year 14.79 (24-Nov-2015 - 24-Nov-2016) 4.07 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.45 2.09 0.83 1.22 4.92 9.81
CCIL T Bill Liquidity Weight 4.08 0.26 -10.52 -- -- --
Debt: Banking and PSU 7.53 2.04 1.02 1.97 4.74 9.59
Rank within category 11 13 14 16 12 8
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 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 175 175 95 66
Modified Duration (yrs) 2.29 2.99 1.45 2.63
Average Maturity (yrs) 2.96 4.23 1.88 3.40
Yield to Maturity (%) 6.70 8.20 6.51 6.91

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 3.80 2.95
up 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 2.79 2.79
equal 7.68% ONGC Petro Additions 18/05/2020 Structured Obligation AAA 2.59 - 4.57 2.59
down 8.90% State Bank of India 2028 Non Convertible Debenture AAA 2.30 - 3.68 2.59
up 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 2.37 2.37
down 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 3.19 2.13
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 2.31 2.04
down 8.25% IRFC 28/02/2024 Debenture AAA 0.00 - 2.72 2.02
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 1.97 1.94
up 7.37% GOI 16/04/2023 GOI Securities SOV 0.00 - 1.88 1.88
equal State Bank of India 2056 Debenture AA+ 1.83 - 4.90 1.83
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 2.23 1.82
down 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 2.51 1.75
equal 8.02% BPCL 2024 Debenture AAA 0.00 - 3.50 1.74
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 2.38 1.71
equal 8.15% National Bank Agr. Rur. Devp 22/08/2022 Debenture AAA 0.00 - 3.25 1.54
new 6.99% Air India Assets Holdings 16/12/2022 Debenture AAA 0.00 - 1.53 1.53
equal REC 13/12/2022 Debenture AAA 0.00 - 1.54 1.52
equal SIDBI 2020 Commercial Paper A1+ 0.00 - 1.86 1.48
equal 7.11% Nat. Highways Authority 2022 Non Convertible Debenture AAA 0.00 - 1.86 1.45
up 7.30% Power Grid Corporation 19/06/2027 Debenture AAA 0.00 - 1.32 1.32
equal 7.62% HUDCO 15/07/2022 Debenture AAA 0.00 - 1.85 1.29
equal 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 1.25 - 2.09 1.25
equal SIDBI 29/07/2020 Certificate of Deposit A1+ 0.00 - 1.55 1.23
equal Axis Bank 19/08/2020 Certificate of Deposit A1+ 0.00 - 1.42 1.22

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

— 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:

— 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:


0.03%

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

Growth: ₹ 261.4028

Dividend Quarterly: ₹ 107.7895

More

Dividend Monthly: ₹ 110.3861

Dividend: ₹ 154.3249


Investment Strategy

The scheme seeks to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector undertakings (PSUs) and Public Financial Institutions (PFIs) in India.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
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: 9.55%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 9,845 Cr (As on 31-Dec-2019)
Expense: 0.34% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly27-Dec-20190.3648

 29-Nov-20190.4535
 25-Oct-20190.3606
 27-Sep-20190.4226
 30-Aug-20190.5256
 26-Jul-20190.4171
 28-Jun-20190.4168
 31-May-20190.5147
 26-Apr-20190.4140
 29-Mar-20190.5627
 22-Feb-20190.4507
 25-Jan-20190.4511
 28-Dec-20180.4493
 30-Nov-20180.5590
 26-Oct-20180.4053
 28-Sep-20180.4060
 31-Aug-20180.5083
 27-Jul-20180.4055
 29-Jun-20180.5067
 25-May-20180.4071
 27-Apr-20180.3522
 03-Apr-20180.5070
 23-Feb-20180.2220
 29-Jan-20180.4061
 29-Dec-20170.4609
Dividend Quarterly16-Dec-20191.1460

 16-Sep-20191.3209
 17-Jun-20191.3487
 15-Mar-20191.3762
 17-Dec-20181.4123
 17-Sep-20181.3252
 15-Jun-20181.3077
 15-Mar-20181.1532
 15-Dec-20171.1758
 15-Sep-20171.7324
 15-Jun-20171.7126
 15-Mar-20171.7144
 15-Dec-20161.7209
 15-Sep-20161.7030
 15-Jun-20161.6895
 15-Mar-20161.6702
 15-Dec-20151.6708
 15-Sep-20151.6855
 15-Jun-20151.6818
 16-Mar-20151.6955
 15-Dec-20141.6585
 15-Sep-20141.3734
 16-Jun-20143.1425
 11-Mar-20140.2766
 04-Mar-20140.1096
Dividend22-Mar-20197.7074

 26-Feb-20186.7171
 28-Feb-20140.2635
 14-Feb-20140.2932
 28-Jan-20140.2235
 15-Jan-20140.3128
 30-Dec-20130.2262
 16-Dec-20130.3620
 28-Nov-20130.3286
 14-Nov-20130.2957
 28-Oct-20130.2858
 14-Oct-20130.4511
 30-Sep-20130.4198
 16-Sep-20130.5474
 28-Aug-20130.2461
 14-Aug-20130.1754
 15-Jul-20130.2902
 28-Jun-20130.2336
 14-Jun-20130.2610
 28-May-20130.2519
 14-May-20130.4025
 29-Apr-20130.3062
 15-Apr-20130.5733
 28-Mar-20130.2478
 14-Mar-20130.3285

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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