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Unrated

Aditya Birla Sun Life Floating Rate Fund - Retail Plan


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.

They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable 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 1.72 0.03 0.22 0.53 1.90 1.99 6.28 7.89 7.75 8.11 8.57
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 4.62
Debt: Floater 1.68 0.04 0.21 0.57 1.63 2.06 6.90 7.80 7.40 7.67 8.06

As on 11-Jun-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 Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 6.28 7.89 7.75 0.28 14,324
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 7.43 8.04 7.74 0.48 17,250
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 7.72 8.90 7.79 0.57 15,676
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 6.28 7.89 7.75 0.38 14,324
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
Nov-05 7.85 7.91 7.56 1.32 12,113

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.14 24-Mar-2020 - 31-Mar-2020 -1.29 12-Mar-2020 - 19-Mar-2020
Month 2.84 24-Mar-2020 - 23-Apr-2020 -1.55 20-Feb-2020 - 23-Mar-2020
Quarter 5.14 24-Mar-2020 - 24-Jun-2020 -0.29 24-Dec-2019 - 24-Mar-2020
Year 10.35 26-Jul-2013 - 28-Jul-2014 4.71 27-Oct-2003 - 26-Oct-2004

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.61 1.15 2.89 4.33 1.17 4.22
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Floater 7.49 1.22 2.64 4.01 0.62 3.67

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 197 205 126 96
Modified Duration (yrs) 1.31 1.46 1.01 1.41
Average Maturity (yrs) 1.67 1.67 1.18 3.17
Yield to Maturity (%) 4.77 5.06 4.06 4.81
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
equal Axis Bank 22/12/2021 Debenture A1+ 0.00 - 5.62 3.49
down National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 3.60 3.12
down 8.79% GOI 2021 Central Government Loan SOV 0.05 - 6.46 2.88
up 8.21% Haryana State 31/03/2023 State Development Loan SOV 0.00 - 2.82 2.82
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.00 - 2.75 2.75
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 1.04 - 1.98 1.97
equal Aditya Birla Finance 17/03/2023 Debenture AAA 0.00 - 1.76 1.76
equal Aditya Birla Housing Finance 15/03/2024 Debenture AAA 0.00 - 1.76 1.76
equal 5.40% Nabha Power 15/05/2023 Debenture AAA 0.00 - 1.75 1.75
down 7.37% GOI 16/04/2023 GOI Securities SOV 0.11 - 1.59 1.51
new GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 1.49 1.49
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.27 - 1.44 1.43
down 5.47% Power Finance Corp. 19/08/2023 Debenture AAA 0.00 - 2.54 1.41
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.88 - 1.94 1.30
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 1.20 - 2.87 1.28
equal 6.98% Power Finance Corp. 20/04/2023 Non Convertible Debenture AAA 0.00 - 1.09 1.09
equal Kotak Mahindra Investments 22/12/2022 Debenture AAA 0.00 - 1.68 1.06
equal 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 1.06 1.06
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.55 1.05
equal 4.96% LIC Housing Fin. 14/09/2023 Non Convertible Debenture AAA 0.00 - 1.54 1.05
equal 4.80% M&M Financial Services 2022 Debenture AAA 0.00 - 1.54 1.04
equal 9.39% Gujarat State 20/11/2023 State Development Loan SOV 0.32 - 1.56 1.04
equal 8.60% Kerala State 23/01/2023 State Development Loan SOV 0.00 - 1.04 1.04
equal 8.64% Andhra Pradesh State 2023 State Development Loan SOV 0.00 - 0.99 0.94
up REC 13/12/2022 Debenture AAA 0.36 - 0.93 0.93

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-May-2021

Fund Manager

— Kaustubh Gupta since 15-Jul-2011

Education: Mr. Gupta is a B.Com and a Chartered Accountant.

Experience: Prior to joining Aditya Birla Sun Life AMC he has worked with ICICI Bank.

Funds Managed:


0.03%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 389.8198

IDCW Weekly: ₹ 101.0285


Investment Strategy

The scheme aims to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, it may also invest a portion of its net assets in fixed rate debt securities and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 05-Jun-2003
Return Since Launch: 7.84%
Benchmark: CRISIL Liquid TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 14,324 Cr (As on 31-May-2021)
Expense: 0.28% (As on 28-Feb-2017)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly08-Jun-20210.1637

 01-Jun-20210.0127
 25-May-20210.1175
 18-May-20210.1073
 11-May-20210.1266
 04-May-20210.1676
 27-Apr-20210.2533
 20-Apr-20210.0659
 15-Apr-20210.0273
 06-Apr-20210.2968
 30-Mar-20210.1401
 23-Mar-20210.3476
 09-Mar-20210.1104
 02-Mar-20210.1079
 16-Feb-20210.1779
 27-Jan-20210.0466
 05-Jan-20210.1795
 29-Dec-20200.1582
 22-Dec-20200.0529
 15-Dec-20200.0602
 08-Dec-20200.0536
 01-Dec-20200.1224
 24-Nov-20200.2202
 17-Nov-20200.1381
 10-Nov-20200.1572
IDCW Daily10-Feb-20110.0019

 09-Feb-20110.0020
 08-Feb-20110.0019
 07-Feb-20110.0019
 04-Feb-20110.0055
 03-Feb-20110.0019
 02-Feb-20110.0019
 01-Feb-20110.0018
 31-Jan-20110.0018
 28-Jan-20110.0058
 27-Jan-20110.0022
 25-Jan-20110.0037
 24-Jan-20110.0017
 21-Jan-20110.0056
 20-Jan-20110.0018
 19-Jan-20110.0019
 18-Jan-20110.0019
 17-Jan-20110.0018
 14-Jan-20110.0056
 13-Jan-20110.0019
 12-Jan-20110.0019
 11-Jan-20110.0019
 10-Jan-20110.0018
 07-Jan-20110.0057
 06-Jan-20110.0019
IDCW Monthly11-Feb-20110.0307

 28-Jan-20110.0526
 31-Dec-20100.0597
 26-Nov-20100.0451
 29-Oct-20100.0552
 24-Sep-20100.0387
 27-Aug-20100.0317
 30-Jul-20100.0420
 25-Jun-20100.0327
 28-May-20100.0395
 30-Apr-20100.0491
 26-Mar-20100.0350
 26-Feb-20100.0350
 29-Jan-20100.0476
 29-Dec-20090.0403
 27-Nov-20090.0492
 30-Oct-20090.0619
 25-Sep-20090.0575
 28-Aug-20090.0463
 31-Jul-20090.0568
 26-Jun-20090.0428
 29-May-20090.0552
 24-Apr-20090.0445
 30-Mar-20090.0482
 27-Feb-20090.0455

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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