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3 star

Aditya Birla Sun Life Credit Risk Fund - Regular Plan


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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 6.05 -0.01 0.20 1.20 3.85 6.50 3.21 5.19 7.10 -- --
CCIL T Bill Liquidity Weight 2.49 0.02 0.04 0.19 0.54 1.61 3.46 3.99 4.17 -- --
Debt: Credit Risk -1.90 0.00 0.29 0.98 2.13 1.46 -0.24 0.80 3.79 -- --
Rank within category 5 12 7 4 4 5 12 7 5 -- --
Number of funds in category 18 18 18 18 18 18 18 16 15 6 3

As on 25-Sep-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 Credit Risk Fund - Regular Plan  | Invest Online
3 star
Apr-15 3.21 5.19 7.10 1.84 1,838
ICICI Prudential Credit Risk Fund  | Invest Now
5 star
Dec-10 10.09 7.96 8.29 1.65 6,503
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
Mar-14 9.29 7.14 8.19 1.59 6,181
SBI Credit Risk Fund  | Invest Online
4 star
Jul-04 8.50 6.68 7.77 1.56 3,765
Kotak Credit Risk Fund Regular Plan  | Invest Online
4 star
May-10 7.29 6.92 7.88 1.73 1,911

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.36 (24-Mar-2020 - 31-Mar-2020) -3.49 (18-Nov-2019 - 25-Nov-2019)
Month 2.63 (10-Jun-2020 - 10-Jul-2020) -2.87 (25-Oct-2019 - 25-Nov-2019)
Quarter 5.27 (30-Apr-2020 - 31-Jul-2020) -3.28 (19-Sep-2019 - 19-Dec-2019)
Year 11.80 (24-Nov-2015 - 24-Nov-2016) 0.02 (30-Apr-2019 - 30-Apr-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.86 3.20 -0.09 -0.09 -1.54 -2.08
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Credit Risk 1.28 6.73 -0.23 -0.05 -3.11 -7.50
Rank within category 8 7 8 8 9 7
Number of funds in category 18 18 18 18 18 18

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

As on 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 62 131 61 25
Modified Duration (yrs) 2.04 2.04 1.37 1.53
Average Maturity (yrs) 2.66 2.70 1.79 1.88
Yield to Maturity (%) 9.07 13.32 9.07 8.03
Avg Credit Rating AA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 10.10% L&T Vadodara Bharuch Tollway 30/06/2021 Debenture A 2.78 - 9.28 9.28
equal 9.25% Shriram City Union Finance 28/02/2023 Debenture AA 0.00 - 7.43 7.43
equal 8.50% L&T Infrastructre Finance 17/03/2023 Non Convertible Debenture AAA 0.00 - 4.70 4.70
equal 8.40% JSW Energy 18/09/2020 Non Convertible Debenture A+ 0.00 - 3.76 3.76
equal 8.50% L&T Infrastructre Finance 17/01/2023 Debenture AAA 0.00 - 3.59 3.59
equal Indusind Bank 28/03/2024 Non Convertible Debenture AA 1.14 - 3.15 3.15
up 5.79% GOI 2030 GOI Securities SOV 0.00 - 2.93 2.93
equal 9.75% Manappuram Finance 31/12/2021 Debenture AA 0.00 - 2.89 2.89
equal 9.15% Coastal Gujarat Power 14/06/2021 Debenture AA 1.34 - 2.86 2.86
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 0.00 - 5.74 2.86
equal 8.40% Tata Realty and Infrastructure 2022 Debenture AA 0.00 - 5.58 2.69
equal 6.45% GOI 2029 GOI Securities SOV 0.00 - 2.21 2.21
equal Asirvad Microfinance 31/03/2021 Debenture AA- 2.12 - 4.14 2.18
equal 11.25% Canara Bank Bonds AA 0.00 - 1.83 1.83
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 1.72 1.72
equal 7.61% HUDCO 22/06/2022 Debenture AAA 0.00 - 1.72 1.72
equal 8.56% REC 29/11/2028 Debenture AAA 0.65 - 1.67 1.65
equal 13.20% Shriram Properties 29/10/2021 Debenture BBB 0.78 - 1.82 1.56
equal 8.55% REC 2028 Debenture AAA 0.57 - 1.47 1.46
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 1.46 1.45
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 1.42 1.42
down 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 3.58 1.40
equal 9.10% India Grid Trust 2022 Debenture AAA 0.98 - 1.40 1.40
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2025 Debenture A+ 0.40 - 1.36 1.36
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2024 Debenture A+ 0.40 - 1.36 1.36

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-Aug-2020

Fund Manager

— Mohit Sharma since 06-Aug-2020

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:

— Sunaina da Cunha since 01-Apr-2017

Education: Ms. Cunha is a B.Com (H) and MBA from FMS, Delhi.

Experience: Prior to joining Birla Sun Life Asset Management Company, she has worked with Aditya Birla Management Corporation Ltd.

Funds Managed:


-0.01%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 14.6123

Dividend: ₹ 10.6386

Bonus: ₹ 14.6301


Investment Strategy

The scheme seeks to generate returns by predominantly investing in a portfolio of corporate debt securities with short to medium term maturities across the credit spectrum within the investment grade.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Exit Load For units in excess of 15% of the investment,3% will be charged for redemption within 365 days
For units in excess of 15% of the investment,2% will be charged for redemption between 366 - 730 days
For units in excess of 15% of the investment,1% will be charged for redemption between 731 - 1095 days

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 17-Apr-2015
Return Since Launch: 7.21%
Benchmark: NIFTY Credit Risk Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,838 Cr (As on 31-Aug-2020)
Expense: 1.84% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend25-Sep-20200.1300

 25-Jun-20200.1300
 30-Mar-20200.0576
 31-Dec-20190.1153
 30-Sep-20190.1585
 25-Jun-20190.1585
 22-Mar-20190.1657
 21-Dec-20180.1657
 25-Sep-20180.1657
 22-Jun-20180.1873
 16-Mar-20180.1661
 22-Dec-20170.1661
 25-Sep-20170.1733
 27-Jun-20170.1733
 15-Mar-20170.1661
 30-Dec-20160.1661
 30-Sep-20160.1661

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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dateSaturday, 26-Sep-2020
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