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Aditya Birla Sun Life Money Manager Fund

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Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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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(₹)
cal
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 0.96 0.02 0.10 0.63 1.58 3.32 7.86 7.58 7.71 8.16 8.22
CCIL T Bill Liquidity Weight* 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 4.71
Debt: Money Market* 0.87 0.05 0.09 0.50 1.40 3.25 7.37 6.97 7.39 7.87 7.95

As on 20-Feb-2020

* As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.40 (27-Mar-2019 - 03-Apr-2019) -9.57 (29-Apr-2007 - 06-May-2007)
Month 1.00 (01-Mar-2019 - 02-Apr-2019) -9.17 (13-Apr-2007 - 13-May-2007)
Quarter 2.69 (24-Jul-2013 - 23-Oct-2013) -8.31 (29-Apr-2007 - 29-Jul-2007)
Year 9.97 (12-Aug-2011 - 13-Aug-2012) -2.93 (02-Aug-2006 - 02-Aug-2007)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.30 0.44 3.70 12.01 1.11 3.41
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Money Market 6.81 0.70 2.74 6.85 0.99 2.74

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 82 85 50 41
Modified Duration (yrs) 0.54 0.65 0.32 0.34
Average Maturity (yrs) 0.54 0.65 0.32 0.33
Yield to Maturity (%) 6.10 7.67 5.45 5.72

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Tata Sons 108-D 23/03/2020 Commercial Paper A1+ 0.00 - 4.54 3.97
equal Tata Power 176-D 10/06/2020 Commercial Paper A1+ 0.00 - 4.46 3.91
new Reliance Industries 362-D 25/01/2021 Commercial Paper A1+ 0.00 - 3.77 3.77
equal 6.25% Indusind Bank 26/03/2020 Fixed Deposits -- 0.00 - 3.22 2.80
new ICICI Bank 31/12/2020 Certificate of Deposit A1+ 0.00 - 2.66 2.66
new ICICI Bank 25/01/2021 Certificate of Deposit A1+ 0.00 - 2.64 2.64
new HDFC 363-D 13/01/2021 Commercial Paper A1+ 0.00 - 2.64 2.64
new LIC Housing Fin. 361-D 22/01/2021 Commercial Paper A1+ 0.00 - 2.63 2.63
new SIDBI 182-D 16/07/2020 Commercial Paper A1+ 0.00 - 2.34 2.34
new 7.80% GOI 2020 Central Government Loan SOV 0.00 - 2.33 2.33
equal L&T Infrastructre Finance 235-D 10/07/2020 Commercial Paper A1+ 0.00 - 2.66 2.33
equal Axis Bank 24/12/2020 Certificate of Deposit A1+ 0.00 - 2.60 2.28
down Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 2.70 1.97
equal Reliance Industries 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 2.25 1.97
new Tata Power 124-D 27/05/2020 Commercial Paper A1+ 0.00 - 1.96 1.96
new National Bank Agr. Rur. Devp 21/01/2021 Commercial Paper A1+ 0.00 - 1.89 1.89
new Hero FinCorp 337-D 23/12/2020 Commercial Paper A1+ 0.00 - 1.88 1.88
equal Export-Import Bank 27/03/2020 Certificate of Deposit A1+ 0.00 - 1.90 1.59
equal Larsen & Toubro 123-D 31/03/2020 Commercial Paper A1+ 0.00 - 1.82 1.59
equal Reliance Industries 166-D 05/05/2020 Commercial Paper A1+ 0.00 - 1.80 1.58
equal L&T Finance 144-D 11/05/2020 Commercial Paper A1+ 0.00 - 1.80 1.57
equal Tata Capital Housing Finance 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 1.80 1.57
new JSW Steel 151-D 15/06/2020 Commercial Paper A1+ 0.00 - 1.56 1.56
equal L&T Infrastructre Finance 288-D 04/09/2020 Commercial Paper A1+ 0.00 - 1.76 1.54
new Bank of Baroda 25/11/2020 Certificate of Deposit A1+ 0.00 - 1.53 1.53

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 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:

— Mohit Sharma since 01-Apr-2017

Education: Mr. Sharma is B Tech (IIT - Madras) and PGDCM (IIM Calcutta).

Experience: He has around 10 years of experience of which 7 years is in financial markets. He joined Birla Sun AMC in October 2015. Prior to joining Birla AMC, he ran his own healthcare-tech business (June 2012 - May 2015). he has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 - June 2011) and ICICI Bank Ltd (June 2006 - April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 - June 2006).

Funds Managed:

Invest Online
0.06%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 267.4577

Dividend Weekly: ₹ 100.2846

DIvidend Daily: ₹ 100.1137

Investment Strategy

The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.

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
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 10-Oct-2005
Return Since Launch: 7.98%
Benchmark: NIFTY Money Market
Riskometer: Low
Type: Open-ended
Assets: ₹ 12,504 Cr (As on 31-Jan-2020)
Expense: 0.28% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
DIvidend Daily18-Feb-20200.0237

 17-Feb-20200.0140
 14-Feb-20200.0361
 13-Feb-20200.0102
 12-Feb-20200.0170
 11-Feb-20200.0121
 10-Feb-20200.0129
 07-Feb-20200.0413
 06-Feb-20200.0114
 05-Feb-20200.0127
 04-Feb-20200.0119
 03-Feb-20200.0097
 31-Jan-20200.0365
 30-Jan-20200.0135
 29-Jan-20200.0116
 28-Jan-20200.0175
 27-Jan-20200.0121
 24-Jan-20200.0367
 23-Jan-20200.0114
 22-Jan-20200.0119
 21-Jan-20200.0118
 20-Jan-20200.0153
 17-Jan-20200.0386
 16-Jan-20200.0120
 15-Jan-20200.0117
Dividend Weekly14-Feb-20200.0936

 07-Feb-20200.1143
 31-Jan-20200.0824
 24-Jan-20200.0851
 17-Jan-20200.0644
 10-Jan-20200.0965
 03-Jan-20200.0923
 27-Dec-20190.1141
 20-Dec-20190.1072
 13-Dec-20190.0923
 06-Dec-20190.1036
 29-Nov-20190.0959
 22-Nov-20190.1294
 15-Nov-20190.1021
 08-Nov-20190.1122
 01-Nov-20190.0951
 25-Oct-20190.0890
 18-Oct-20190.0931
 11-Oct-20190.0976
 04-Oct-20190.1240
 27-Sep-20190.0933
 20-Sep-20190.0994
 13-Sep-20190.0764
 06-Sep-20190.1161
 30-Aug-20190.0983

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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