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5 star

Aditya Birla Sun Life Money Manager Fund


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 0.51 0.01 0.09 0.32 0.81 1.93 6.06 7.34 7.26 7.66 8.19
CCIL T Bill Liquidity Weight 0.29 0.01 0.01 0.18 0.43 1.07 2.84 3.75 3.97 4.39 4.68
Debt: Money Market 0.59 0.01 0.07 0.37 0.85 1.82 5.31 6.69 6.89 7.37 7.95
Rank within category 6 6 1 2 6 3 1 1 3 2 2
Number of funds in category 19 19 19 19 19 18 17 13 12 12 12

As on 26-Feb-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 6.06 7.34 7.26 0.33 10,189
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 6.05 7.15 7.04 0.35 10,530
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 5.79 7.06 7.06 0.33 10,355
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 5.94 4.55 5.53 0.44 1,874
Franklin India Savings Fund - Retail Plan  | Invest Online Now
4 star
Feb-02 5.48 7.15 7.31 0.28 1,144

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 7.16 0.68 3.66 6.93 1.19 3.62
CCIL T Bill Liquidity Weight 3.72 0.36 -2.62 -5.07 -- --
Debt: Money Market 6.64 1.06 2.61 4.91 1.39 3.28
Rank within category 2 8 2 1 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 31-Jan-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 66 89 58 37
Modified Duration (yrs) 0.32 0.80 0.32 --
Average Maturity (yrs) 0.32 0.80 0.32 --
Yield to Maturity (%) 3.95 6.57 3.47 --
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 Reserve Bank of India 364-D 29/04/2021 Treasury Bills SOV 0.00 - 10.27 9.64
equal National Bank Agr. Rur. Devp 176-D 01/06/2021 Commercial Paper A1+ 0.00 - 4.65 4.36
equal Larsen & Toubro 305-D 15/03/2021 Commercial Paper A1+ 0.00 - 4.32 4.06
equal Reliance Retail Ventures 200-D 15/03/2021 Commercial Paper A1+ 0.00 - 3.12 2.93
equal Adani Ports and Special Economic Zone 234-D 15/03/2021 Commercial Paper A1+ 0.00 - 3.12 2.93
equal Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 3.05 2.86
down Axis Bank 28/05/2021 Certificate of Deposit A1+ 0.00 - 3.10 2.67
equal IDFC First Bank 16/02/2021 Certificate of Deposit A1+ 0.00 - 2.61 2.45
equal Reserve Bank of India 182-D 04/03/2021 Treasury Bills SOV 0.00 - 2.61 2.45
equal Reliance Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 2.89 2.45
equal L&T Infrastructre Finance 29/04/2021 Commercial Paper A1+ 0.00 - 2.59 2.43
equal L&T Infrastructre Finance 165-D 11/06/2021 Commercial Paper A1+ 0.00 - 2.57 2.42
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.56 2.40
equal HDFC 354-D 29/11/2021 Commercial Paper A1+ 0.00 - 2.53 2.37
equal Adani Ports and Special Economic Zone 202-D 10/03/2021 Commercial Paper A1+ 0.00 - 2.34 2.20
equal Federal Bank 2021 Certificate of Deposit A1+ 0.00 - 2.43 2.05
equal National Bank Agr. Rur. Devp 327-D 10/03/2021 Commercial Paper A1+ 0.00 - 2.30 1.96
equal Tata Power 272-D 25/03/2021 Commercial Paper A1+ 0.00 - 2.08 1.95
equal ICICI Securities 28/05/2021 Commercial Paper A1+ 0.00 - 2.06 1.94
equal Tata Motors Finance 211-D 28/05/2021 Commercial Paper A1+ 0.00 - 2.06 1.94
equal Tata Motors Finance 316-D 25/08/2021 Commercial Paper A1+ 0.00 - 2.03 1.91
equal LIC Housing Fin. 355-D 14/12/2021 Commercial Paper A1+ 0.00 - 2.02 1.89
equal Indusind Bank 2021 Certificate of Deposit A1+ 1.42 - 2.45 1.79
equal Indusind Bank 24/02/2021 Certificate of Deposit A1+ 1.05 - 1.70 1.47
equal Reliance Industries 263-D 05/03/2021 Commercial Paper A1+ 0.00 - 1.56 1.47

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-2021

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:


0.01%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 283.7593

Dividend Weekly: ₹ 100.0770

DIvidend Daily: ₹ 100.0287


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: 7.83%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 10,189 Cr (As on 31-Jan-2021)
Expense: 0.33% (As on 31-Jan-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
DIvidend Daily25-Feb-20210.0114

 24-Feb-20210.0113
 23-Feb-20210.0138
 22-Feb-20210.0114
 18-Feb-20210.0459
 17-Feb-20210.0119
 16-Feb-20210.0145
 15-Feb-20210.0121
 12-Feb-20210.0361
 11-Feb-20210.0116
 10-Feb-20210.0103
 09-Feb-20210.0222
 08-Feb-20210.0128
 05-Feb-20210.0276
 04-Feb-20210.0115
 03-Feb-20210.0065
 02-Feb-20210.0036
 01-Feb-20210.0118
 29-Jan-20210.0291
 28-Jan-20210.0128
 27-Jan-20210.0117
 25-Jan-20210.0216
 22-Jan-20210.0344
 21-Jan-20210.0110
 20-Jan-20210.0113
Dividend Weekly26-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
 20-Nov-20200.1083
 13-Nov-20200.0842
 06-Nov-20200.0585
 02-Nov-20200.1425
 23-Oct-20200.1063
 16-Oct-20200.1307
 09-Oct-20200.0706
 05-Oct-20200.1700
 25-Sep-20200.1094
 18-Sep-20200.1155
 11-Sep-20200.1264

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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