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Aditya Birla Sun Life Income Fund

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Debt: Medium to Long Duration

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1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 -0.12 -0.13 -0.20 1.87 -0.11 1.69 10.54 8.87 7.95 8.89 8.30
VR Bond -0.12 -0.17 -0.23 0.73 -0.15 1.21 4.85 6.66 6.60 7.44 7.35
Debt: Medium to Long Duration -0.57 -0.03 -0.14 1.23 -0.35 0.92 7.70 6.95 6.85 7.90 7.77
Rank within category 3 13 10 1 6 3 1 2 3 4 5
Number of funds in category 14 14 14 14 14 14 14 14 14 14 14

As on 16-Apr-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 Income Fund  | Invest Online
4 star
 Oct-95 10.54 8.87 7.95 1.00 1,222
ICICI Prudential Bond Fund  | Invest Now
4 star
 Aug-08 9.26 8.41 7.92 1.20 3,409
SBI Magnum Income Fund  | Invest Online
5 star
 Nov-98 9.65 8.92 8.78 1.47 1,711
Kotak Bond Fund - Regular Plan  | Invest Online
4 star
 Nov-99 7.89 8.29 7.25 1.91 1,628
HDFC Income Fund  | Invest Online
2 star
 Sep-00 6.93 6.75 6.39 2.22 690

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 6.65 11-Dec-2008 - 18-Dec-2008 -7.47 02-Jan-2009 - 09-Jan-2009
Month 17.07 18-Nov-2008 - 18-Dec-2008 -7.37 05-Jan-2009 - 04-Feb-2009
Quarter 21.94 03-Oct-2008 - 02-Jan-2009 -9.98 20-May-2013 - 19-Aug-2013
Year 24.93 03-Jan-2008 - 02-Jan-2009 -2.93 02-Jan-2009 - 04-Jan-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.44 3.87 1.02 1.68 1.61 0.61
VR Bond 6.55 2.13 0.98 1.35 -- --
Debt: Medium to Long Duration 6.70 3.66 0.81 1.38 1.25 -0.36
Rank within category 2 10 4 4 11 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-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 65 75 58 21
Modified Duration (yrs) 4.92 5.88 4.81 4.14
Average Maturity (yrs) 6.90 8.67 6.90 5.16
Yield to Maturity (%) 6.52 7.24 6.29 5.81
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 7.33% IRFC 27/08/2027 Debenture AAA 3.23 - 6.02 6.02
equal 7.56% Uttar Pradesh State 2027 State Development Loan SOV 0.00 - 5.99 5.99
equal 7.75% MRPL 29/01/2030 Non Convertible Debenture AAA 3.78 - 5.77 5.55
equal HDFC 27/03/2027 Non Convertible Debenture AAA 2.67 - 3.86 3.86
new 7.02% Kerala State 2028 State Development Loan SOV 0.00 - 3.32 3.32
equal 8.37% Nat. Highways Authority 21/01/2029 Debenture AAA 2.13 - 3.12 3.12
equal 9.46% Power Finance Corp. 2026 Bonds AAA 2.04 - 2.97 2.97
equal 7.97% LIC Housing Fin. 28/01/2030 Debenture AAA 1.78 - 2.62 2.62
new 7.61% Tamilnadu State 15/02/2027 State Development Loan SOV 0.00 - 2.58 2.58
equal 8.58% HUDCO 14/02/2029 Debenture AAA 1.56 - 2.28 2.28
equal 7.93% Karnataka State 2031 State Development Loan SOV 1.52 - 2.20 2.20
equal 7.95% REC 2027 Bonds AAA 1.48 - 2.17 2.17
equal 7.65% Tamilnadu State 2027 State Development Loan SOV 0.00 - 2.16 2.16
new 7.59% Gujarat State 15/02/2027 State Development Loan SOV 0.00 - 2.15 2.15
equal 8.55% L&T Infrastructre Finance 28/01/2030 Debenture AAA 1.42 - 2.09 2.09
equal 6.98% Telangana State 22/04/2028 State Development Loan SOV 1.43 - 2.07 2.07
equal 6.57% National Bank Agr. Rur. Devp 2027 Debenture AAA 0.00 - 2.06 2.06
equal 6.19% LIC Housing Fin. 25/11/2024 Debenture AAA 0.00 - 2.06 2.06
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 2.02 2.02
equal 7.83% Maharashtra State 2030 State Development Loan SOV 1.21 - 5.70 1.75
equal 6.98% Maharashtra State 26/02/2028 State Development Loan SOV 0.00 - 1.66 1.66
equal 8.56% REC 29/11/2028 Debenture AAA 0.92 - 1.35 1.35
equal 8.15% GOI 24/11/2026 Central Government Loan SOV 0.00 - 1.35 1.35
equal 8.49% Nat. Highways Authority 2029 Non Convertible Debenture AAA 0.92 - 1.34 1.34
equal 8.36% Nat. Highways Authority 20/05/2029 Debenture AAA 0.92 - 1.34 1.34

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-Mar-2021

Fund Manager

— Bhupesh Bameta since 06-Aug-2020

Education: Mr. Bameta has done B.Tech (IIT Kanpur), CFA Charterholder (CFA Institute, USA)

Experience: Prior to joining Aditya Birla Sun Life Mutual Fund as an Analyst, Fixed Income. He was the Head of Research in Forex and Rates Desk at Edelweiss Securities Limited, covering global and Indian forex markets and economies. He was also associated with Quant Capital for 6 years as an Economist and was covering Indian and global economy and markets.

Funds Managed:

Invest Online
-0.13%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 97.9206

IDCW Quarterly: ₹ 13.4235

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IDCW: ₹ 12.1960

Discipline Advantage Plan: ₹ 24.7047

Investment Strategy

The scheme seeks to generate consistent income through superior yields on its investment at relatively moderate levels of risk through a diversified investment approach.

Investment Details

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

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 21-Oct-1995
Return Since Launch: 9.36%
Benchmark: CRISIL Composite Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,222 Cr (As on 31-Mar-2021)
Expense: 1.00% (As on 31-Mar-2021)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly15-Mar-20210.1673

 15-Dec-20200.1665
 15-Sep-20200.2002
 15-Jun-20200.1916
 16-Mar-20200.1360
 16-Dec-20190.1377
 16-Sep-20190.1586
 17-Jun-20190.1609
 15-Mar-20190.1523
 17-Dec-20180.1539
 17-Sep-20180.0912
 15-Jun-20180.1038
 15-Mar-20180.1343
 15-Dec-20170.1391
 15-Sep-20170.2141
 15-Jun-20170.2073
 15-Mar-20170.2129
 15-Dec-20160.2126
 15-Sep-20160.2065
 15-Jun-20160.2040
 15-Mar-20160.2042
 15-Dec-20150.2071
 15-Sep-20150.2082
 15-Jun-20150.2131
 16-Mar-20150.2163
IDCW23-Oct-20200.6300

 25-Oct-20190.4898
 31-Oct-20180.5835
 27-Oct-20170.5273

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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