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Unrated

Aditya Birla Sun Life Floating Rate Fund - Retail Plan


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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.

However, 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.

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 7.49 0.01 0.05 0.80 1.60 5.21 8.64 8.12 8.29 8.58 8.81
CCIL T Bill Liquidity Weight 2.75 0.00 0.04 0.27 0.60 1.26 3.28 3.94 4.14 4.58 4.76
Debt: Floater 7.72 0.01 0.10 1.03 1.72 5.74 8.85 7.77 7.77 8.04 8.25

As on 28-Oct-2020

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 8.64 8.12 8.29 0.28 7,110
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 8.94 8.03 8.10 0.48 13,351
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 11.07 8.17 8.08 0.57 12,372
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
Nov-05 9.13 7.77 7.90 1.31 9,844
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 8.64 8.12 8.29 0.36 7,110

Best & Worst Performance

Best (Period) Worst (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 7.78 1.01 2.68 7.22 0.86 3.71
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Floater 7.40 1.19 2.09 3.94 0.34 2.73

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

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 131 144 113 95
Modified Duration (yrs) 1.01 1.23 0.84 1.78
Average Maturity (yrs) 1.18 1.45 1.01 2.23
Yield to Maturity (%) 4.58 6.26 4.53 5.32
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 8.15% GOI 21/12/2020 GOI Securities Floating Rate Bond SOV 0.00 - 9.06 6.26
new 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 3.74 3.74
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 2.95 - 4.48 3.58
equal Axis Bank 23/12/2020 Non Convertible Debenture A1+ 0.00 - 4.06 3.52
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 1.62 - 3.68 3.27
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 2.87 2.58
equal Rabo Bank India 27/11/2020 Certificate of Deposit A1+ 0.00 - 2.43 2.11
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.04 1.98
equal 8.26% Uttar Pradesh State 2022 State Development Loan SOV 0.00 - 1.89 1.63
equal Reliance Industries 21/09/2023 Debenture AAA 0.00 - 1.62 1.47
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 1.65 1.46
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 1.61 1.45
equal 7.03% LIC Housing Fin. 28/12/2021 Non Convertible Debenture AAA 0.00 - 1.62 1.45
equal HDB Financial Services 20/10/2022 Debenture AAA 0.00 - 1.61 1.44
equal 9.68% Export-Import Bank 17/12/2020 Bonds AAA 0.00 - 1.67 1.42
equal 7.20% Cholamandalam Invest. & Fin. 17/06/2022 Debenture AA+ 0.00 - 1.59 1.42
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 1.58 1.42
equal HDFC 364-D 25/05/2021 Commercial Paper A1+ 0.00 - 1.51 1.37
equal Cholamandalam Invest. & Fin. 273-D 21/05/2021 Commercial Paper A1+ 0.00 - 1.40 1.37
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 1.38 1.24
up 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.39 - 1.16 1.16
equal 8.35% REC 13/03/2022 Debenture AAA 0.84 - 1.25 1.11
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 1.25 1.10
equal Tata Power 301-D 23/04/2021 Commercial Paper A1+ 0.00 - 1.19 1.09
equal 6.70% Tata Capital 2023 Debenture AAA 0.00 - 1.09 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-Sep-2020

Fund Manager

— Kaustubh Gupta since 15-Jul-2011

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:

— Pranay Sinha since 06-Aug-2020

Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.

Experience: Prior to joining BSLAMC , he has worked with BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).

Funds Managed:


0.01%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 379.2164

Dividend Weekly: ₹ 101.7472


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
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 05-Jun-2003
Return Since Launch: 7.96%
Benchmark: CRISIL Liquid TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 7,110 Cr (As on 30-Sep-2020)
Expense: 0.28% (As on 28-Feb-2017)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly27-Oct-20200.0382

 20-Oct-20200.2097
 13-Oct-20200.3477
 06-Oct-20200.2049
 29-Sep-20200.1100
 22-Sep-20200.1874
 08-Sep-20200.0028
 01-Sep-20200.2386
 18-Aug-20200.1708
 11-Aug-20200.0407
 04-Aug-20200.1630
 21-Jul-20200.1279
 14-Jul-20200.1175
 07-Jul-20200.1823
 30-Jun-20200.0975
 23-Jun-20200.1431
 16-Jun-20200.3738
 09-Jun-20200.0649
 02-Jun-20200.0260
 26-May-20200.1874
 19-May-20200.2195
 12-May-20200.1422
 05-May-20200.1362
 21-Apr-20200.3951
 07-Apr-20200.0410
Dividend 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
Dividend 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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