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:
|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 (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)|
|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
|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|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|Tata Sons 108-D 23/03/2020||Commercial Paper||A1+||0.00 - 4.54||3.97|
|Tata Power 176-D 10/06/2020||Commercial Paper||A1+||0.00 - 4.46||3.91|
|Reliance Industries 362-D 25/01/2021||Commercial Paper||A1+||0.00 - 3.77||3.77|
|6.25% Indusind Bank 26/03/2020||Fixed Deposits||--||0.00 - 3.22||2.80|
|ICICI Bank 31/12/2020||Certificate of Deposit||A1+||0.00 - 2.66||2.66|
|ICICI Bank 25/01/2021||Certificate of Deposit||A1+||0.00 - 2.64||2.64|
|HDFC 363-D 13/01/2021||Commercial Paper||A1+||0.00 - 2.64||2.64|
|LIC Housing Fin. 361-D 22/01/2021||Commercial Paper||A1+||0.00 - 2.63||2.63|
|SIDBI 182-D 16/07/2020||Commercial Paper||A1+||0.00 - 2.34||2.34|
|7.80% GOI 2020||Central Government Loan||SOV||0.00 - 2.33||2.33|
|L&T Infrastructre Finance 235-D 10/07/2020||Commercial Paper||A1+||0.00 - 2.66||2.33|
|Axis Bank 24/12/2020||Certificate of Deposit||A1+||0.00 - 2.60||2.28|
|Indusind Bank 2020||Certificate of Deposit||A1+||0.00 - 2.70||1.97|
|Reliance Industries 180-D 18/05/2020||Commercial Paper||A1+||0.00 - 2.25||1.97|
|Tata Power 124-D 27/05/2020||Commercial Paper||A1+||0.00 - 1.96||1.96|
|National Bank Agr. Rur. Devp 21/01/2021||Commercial Paper||A1+||0.00 - 1.89||1.89|
|Hero FinCorp 337-D 23/12/2020||Commercial Paper||A1+||0.00 - 1.88||1.88|
|Export-Import Bank 27/03/2020||Certificate of Deposit||A1+||0.00 - 1.90||1.59|
|Larsen & Toubro 123-D 31/03/2020||Commercial Paper||A1+||0.00 - 1.82||1.59|
|Reliance Industries 166-D 05/05/2020||Commercial Paper||A1+||0.00 - 1.80||1.58|
|L&T Finance 144-D 11/05/2020||Commercial Paper||A1+||0.00 - 1.80||1.57|
|Tata Capital Housing Finance 180-D 18/05/2020||Commercial Paper||A1+||0.00 - 1.80||1.57|
|JSW Steel 151-D 15/06/2020||Commercial Paper||A1+||0.00 - 1.56||1.56|
|L&T Infrastructre Finance 288-D 04/09/2020||Commercial Paper||A1+||0.00 - 1.76||1.54|
|Bank of Baroda 25/11/2020||Certificate of Deposit||A1+||0.00 - 1.53||1.53|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jan-2020
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.
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).
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The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
|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|
|Fund House:||Aditya Birla Sun Life Mutual Fund|
|Return Since Launch:||7.98%|
|Benchmark:||NIFTY Money Market|
|Assets:||₹ 12,504 Cr (As on 31-Jan-2020)|
|Expense:||0.28% (As on 31-Jan-2020)|
|Return Grade:||Above Average|
|Plan||Record Date||Dividend (₹ / Unit)|
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
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
Email: [email protected]