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5 star

Aditya Birla Sun Life Money Manager Fund


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 4.53 0.05 0.21 0.85 2.71 4.32 8.09 7.90 7.75 8.18 8.37
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 4.70 4.78
Debt: Money Market 3.69 0.03 0.14 0.63 2.11 3.51 7.16 7.18 7.37 7.85 8.10
Rank within category 1 1 1 2 3 2 3 1 3 1 1
Number of funds in category 19 20 20 20 20 19 18 13 13 13 12

As on 10-Jul-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 Money Manager Fund  | Invest Online
5 star
Oct-05 8.09 7.90 7.75 0.31 9,214
HDFC Money Market Fund  | Invest Online
4 star
Nov-99 8.17 7.70 7.54 0.35 8,422
Kotak Money Market Fund Regular Plan  | Invest Online
4 star
Jul-03 7.27 7.53 7.53 0.26 7,970
Nippon India Money Market Fund  | Invest Online
4 star
Jun-05 7.56 7.69 7.58 0.25 4,265
Franklin India Savings Fund - Retail Plan  | Invest Online Now
5 star
Feb-02 7.99 7.76 7.86 0.28 1,412

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.73 (24-Mar-2020 - 31-Mar-2020) -9.57 (29-Apr-2007 - 06-May-2007)
Month 2.55 (24-Mar-2020 - 23-Apr-2020) -9.17 (13-Apr-2007 - 13-May-2007)
Quarter 4.17 (24-Mar-2020 - 24-Jun-2020) -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 7.59 0.54 4.21 13.53 0.71 3.15
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Money Market 6.93 0.78 3.08 8.34 0.69 2.47
Rank within category 1 8 4 3 8 3
Number of funds in category 15 15 15 15 15 15

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 71 85 58 45
Modified Duration (yrs) 0.69 0.80 0.32 --
Average Maturity (yrs) 0.70 0.80 0.32 --
Yield to Maturity (%) 4.91 7.17 4.91 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal LIC Housing Fin. 361-D 22/01/2021 Commercial Paper A1+ 0.00 - 6.97 6.35
equal Reliance Industries 362-D 25/01/2021 Commercial Paper A1+ 0.00 - 4.66 4.24
equal HDFC 363-D 13/01/2021 Commercial Paper A1+ 0.00 - 4.07 3.71
equal Reliance Jio Infocomm 364-D 02/02/2021 Commercial Paper A1+ 0.00 - 4.06 3.44
equal ICICI Bank 31/12/2020 Certificate of Deposit A1+ 0.00 - 4.04 2.93
equal Larsen & Toubro 270-D 15/12/2020 Commercial Paper A1+ 0.00 - 3.02 2.77
equal Axis Bank 24/12/2020 Certificate of Deposit A1+ 0.00 - 3.53 2.67
equal Hero FinCorp 337-D 23/12/2020 Commercial Paper A1+ 0.00 - 2.91 2.65
equal Reliance Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 2.89 2.64
equal Larsen & Toubro 305-D 15/03/2021 Commercial Paper A1+ 0.00 - 2.86 2.64
equal 8.03% Orissa State 26/11/2020 State Development Loan SOV 0.00 - 2.67 2.43
equal Federal Bank 2021 Certificate of Deposit A1+ 0.00 - 2.43 2.21
equal Bajaj Housing Finance 366-D 28/01/2021 Commercial Paper A1+ 0.00 - 2.32 2.11
equal National Bank Agr. Rur. Devp 327-D 10/03/2021 Commercial Paper A1+ 0.00 - 2.30 2.11
equal Reliance Jio Infocomm 365-D 09/02/2021 Commercial Paper A1+ 0.00 - 2.85 2.11
equal Hero FinCorp 365-D 10/02/2021 Commercial Paper A1+ 0.00 - 2.31 2.10
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 3.15 2.09
new Tata Power 272-D 25/03/2021 Commercial Paper A1+ 0.00 - 2.07 2.07
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 2.45 1.90
equal Axis Bank 30/12/2020 Certificate of Deposit A1+ 0.00 - 2.03 1.87
equal Federal Bank 19/01/2021 Certificate of Deposit A1+ 0.00 - 2.04 1.86
equal SIDBI 25/02/2021 Certificate of Deposit A1+ 0.00 - 2.04 1.85
equal HDFC 360-D 05/02/2021 Commercial Paper A1+ 0.00 - 1.91 1.74
equal Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 2.20 1.74
new 7.64% Chhattisgarh State 2021 State Development Loan SOV 0.00 - 1.66 1.66

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-Jun-2020

*As on 31-May-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:


0.05%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 276.7461

Dividend Weekly: ₹ 100.9813

DIvidend Daily: ₹ 100.8347


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: 8.02%
Benchmark: NIFTY Money Market
Riskometer: Low
Type: Open-ended
Assets: ₹ 9,214 Cr (As on 30-Jun-2020)
Expense: 0.31% (As on 31-May-2020)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
DIvidend Daily08-Jul-20200.0237

 07-Jul-20200.0226
 06-Jul-20200.0230
 03-Jul-20200.0537
 02-Jul-20200.0257
 01-Jul-20200.0233
 30-Jun-20200.0173
 29-Jun-20200.0092
 26-Jun-20200.0562
 25-Jun-20200.0206
 24-Jun-20200.0114
 23-Jun-20200.0198
 22-Jun-20200.0158
 19-Jun-20200.0527
 18-Jun-20200.0155
 17-Jun-20200.0158
 16-Jun-20200.0240
 15-Jun-20200.0111
 12-Jun-20200.0482
 11-Jun-20200.0175
 10-Jun-20200.0198
 09-Jun-20200.0204
 08-Jun-20200.0384
 05-Jun-20200.0657
 04-Jun-20200.0253
Dividend Weekly03-Jul-20200.1317

 26-Jun-20200.1203
 19-Jun-20200.1150
 12-Jun-20200.1613
 05-Jun-20200.0532
 29-May-20200.1770
 22-May-20200.1457
 15-May-20200.1165
 08-May-20200.1709
 04-May-20200.0719
 24-Apr-20200.2649
 17-Apr-20200.2304
 13-Apr-20200.0418
 03-Apr-20200.2496
 27-Mar-20200.2266
 13-Mar-20200.0044
 06-Mar-20200.0883
 28-Feb-20200.0500
 24-Feb-20200.1230
 14-Feb-20200.0936
 07-Feb-20200.1143
 31-Jan-20200.0824
 24-Jan-20200.0851
 17-Jan-20200.0644
 10-Jan-20200.0965

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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