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5 star

Aditya Birla Sun Life Money Manager Fund


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Money Market debt funds invest in bonds with a maturity of up to one 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.

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 1.43 0.02 0.06 0.37 1.09 1.90 5.22 7.11 7.07 7.50 8.09
CCIL T Bill Liquidity Weight 0.69 0.01 0.02 0.17 0.49 0.94 2.22 3.62 3.84 4.29 4.65
Debt: Money Market 1.27 0.02 0.05 0.33 0.96 1.69 4.46 6.48 6.67 7.20 7.85
Rank within category 2 9 6 5 3 2 2 1 2 1 1
Number of funds in category 18 18 18 18 18 18 17 13 12 12 12

As on 14-May-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 Money Manager Fund  | Invest Online
5 star
Oct-05 5.22 7.11 7.07 0.30 14,499
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 5.11 6.96 6.86 0.35 14,232
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 4.94 6.82 6.87 0.33 13,633
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 5.26 4.37 5.37 0.44 3,236
Axis Money Market Fund - Regular Plan
4 star
Aug-19 4.88 -- -- 0.31 3,155

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 6.96 0.71 3.63 7.17 1.26 3.61
CCIL T Bill Liquidity Weight 3.56 0.38 -2.17 -5.20 -- --
Debt: Money Market 6.50 1.10 2.66 5.44 1.40 3.26
Rank within category 2 8 2 1 8 3
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 30-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 83 89 66 41
Modified Duration (yrs) 0.42 0.69 0.32 0.40
Average Maturity (yrs) 0.43 0.70 0.32 0.41
Yield to Maturity (%) 3.83 4.91 3.47 3.66
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 8.79% GOI 2021 Central Government Loan SOV 0.00 - 16.30 12.74
new National Bank Agr. Rur. Devp 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 5.10 5.10
new IDFC First Bank 22/09/2021 Certificate of Deposit A1+ 0.00 - 3.40 3.40
new Tata Motors 157-D 30/09/2021 Commercial Paper A1+ 0.00 - 3.40 3.40
new Tata Motors 216-D 30/11/2021 Commercial Paper A1+ 0.00 - 3.37 3.37
equal Reliance Industries 123-D 28/06/2021 Commercial Paper A1+ 0.00 - 3.27 2.57
up Larsen & Toubro 165-D 27/07/2021 Commercial Paper A1+ 0.00 - 2.17 2.05
equal Jamnagar Utilities and Power 168-D 09/08/2021 Commercial Paper A1+ 0.00 - 2.60 2.05
equal Axis Bank 23/08/2021 Certificate of Deposit A1+ 0.00 - 2.60 2.05
equal Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 3.05 2.03
equal Axis Bank 28/05/2021 Certificate of Deposit A1+ 0.00 - 3.10 1.89
new Reliance Jio Infocomm 91-D 19/07/2021 Commercial Paper A1+ 0.00 - 1.88 1.88
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.56 1.70
equal HDFC 354-D 29/11/2021 Commercial Paper A1+ 0.00 - 2.53 1.69
equal SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 2.11 1.67
equal Export-Import Bank 184-D 24/09/2021 Certificate of Deposit A1+ 0.00 - 1.94 1.53
equal Tata Motors Finance 211-D 28/05/2021 Commercial Paper A1+ 0.00 - 2.06 1.38
equal National Bank Agr. Rur. Devp 199-D 02/08/2021 Commercial Paper A1+ 0.00 - 1.74 1.37
new Reliance Industries 153-D 09/09/2021 Commercial Paper A1+ 0.00 - 1.36 1.36
equal Tata Motors Finance 316-D 25/08/2021 Commercial Paper A1+ 0.00 - 2.03 1.36
equal LIC Housing Fin. 355-D 14/12/2021 Commercial Paper A1+ 0.00 - 2.02 1.35
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 1.70 1.34
equal Tata Realty and Infrastructure 290-D 20/12/2021 Commercial Paper A1+ 0.00 - 1.69 1.34
equal Tata Teleservices 364-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.62 1.28
equal Tata Teleservices (Mah) 364-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.37 1.09

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-Apr-2021

Fund Manager

— Anuj Jain since 22-Mar-2021

Education: Mr. Jain is a B.Com (H) from Hansraj College and MBA from Amity Business School.

Experience: Prior to joining Escorts MF he has worked with Mata Securities and DSP Investment Managers.

— Kaustubh Gupta since 15-Jul-2011

Education: Mr. Gupta is a B.Com and a Chartered Accountant.

Experience: Prior to joining Aditya 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: Prior to joining Aditya Birla Sun Life 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:


0.02%

Change from previous, NAV as on 14-May-2021

Growth: ₹ 286.3459

IDCW Weekly: ₹ 100.0770

IDCW Daily: ₹ 100.0200


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 10-Oct-2005
Return Since Launch: 7.78%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 14,499 Cr (As on 30-Apr-2021)
Expense: 0.30% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily12-May-20210.0188

 11-May-20210.0078
 10-May-20210.0132
 07-May-20210.0167
 06-May-20210.0071
 05-May-20210.0082
 04-May-20210.0121
 03-May-20210.0139
 30-Apr-20210.0387
 29-Apr-20210.0116
 28-Apr-20210.0123
 27-Apr-20210.0166
 26-Apr-20210.0125
 23-Apr-20210.0368
 22-Apr-20210.0174
 20-Apr-20210.0330
 19-Apr-20210.0123
 16-Apr-20210.0375
 15-Apr-20210.0147
 12-Apr-20210.0300
 09-Apr-20210.0269
 08-Apr-20210.0065
 07-Apr-20210.0146
 06-Apr-20210.0155
 05-Apr-20210.0138
IDCW Weekly14-May-20210.0566

 07-May-20210.0651
 30-Apr-20210.1014
 23-Apr-20210.1006
 16-Apr-20210.0718
 09-Apr-20210.0381
 05-Apr-20210.1331
 26-Mar-20210.1234
 19-Mar-20210.0901
 12-Mar-20210.0729
 05-Mar-20210.0557
 26-Feb-20210.0524
 22-Feb-20210.1277
 12-Feb-20210.0846
 05-Feb-20210.0586
 29-Jan-20210.0585
 22-Jan-20210.0475
 15-Jan-20210.0777
 08-Jan-20210.0927
 01-Jan-20210.0270
 28-Dec-20200.0820
 18-Dec-20200.1261
 11-Dec-20200.1003
 04-Dec-20200.0655
 27-Nov-20200.0920

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

Last Session

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

Registration Over