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4 star

Aditya Birla Sun Life Credit Risk Fund - Regular Plan


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 5.97 0.05 0.10 0.34 1.17 2.87 6.72 6.14 6.22 -- --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 3.25 3.53 -- --
Debt: Credit Risk 8.45 0.04 0.10 0.36 3.55 5.43 9.06 2.64 3.43 -- --
Rank within category 8 4 7 10 10 11 8 8 6 -- --
Number of funds in category 16 16 16 16 16 16 16 16 15 12 4

As on 26-Nov-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 Credit Risk Fund - Regular Plan  | Invest Online
4 star
Apr-15 6.72 6.14 6.22 1.92% 1,441
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
Mar-14 7.33 9.09 7.43 1.61% 8,757
ICICI Prudential Credit Risk Fund  | Invest Now
5 star
Dec-10 6.48 8.71 7.67 1.55% 8,304
SBI Credit Risk Fund  | Invest Online
4 star
Jul-04 5.18 7.31 6.70 1.55% 3,341
Axis Credit Risk Fund - Regular Plan
4 star
Jul-14 6.21 6.43 5.97 1.68% 741

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 12.94 30-Apr-2020 - 30-Apr-2021 0.02 30-Apr-2019 - 30-Apr-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.18 3.14 0.74 0.68 -2.14 1.01
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Credit Risk 3.16 7.16 0.59 0.72 -4.72 -3.60
Rank within category 8 7 7 8 8 7
Number of funds in category 16 16 16 16 16 16

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

As on 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 55 65 51 29
Modified Duration (yrs) 1.76 2.11 1.46 --
Average Maturity (yrs) 2.36 2.76 1.79 --
Yield to Maturity (%) 6.37 7.75 6.29 --
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 9.25% Shriram City Union Finance 28/05/2024 Debenture AA 0.61 - 7.09 7.09
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 5.32 5.32
down 10.50% Indusind Bank Additional Tier 1 Bond AA 3.90 - 4.89 4.80
equal 5.90% Bharti Hexacom 30/04/2024 Debenture AA+ 0.00 - 2.98 2.98
equal 9.00% SAIL 14/10/2024 Bonds AA 0.00 - 2.96 2.96
equal 6.50% Tata Realty and Infrastructure 17/07/2024 Non Convertible Debenture AA 0.00 - 2.95 2.95
equal 5.35% Telesonic Network 28/04/2023 Debenture AA+ 0.00 - 2.91 2.91
equal 6.10% Sundew Properties 28/06/2024 Debenture AAA 0.00 - 2.90 2.90
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 2.28 - 2.84 2.84
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 0.00 - 2.61 2.61
equal 8.40% Tata Realty and Infrastructure 2022 Debenture AA 2.15 - 2.48 2.48
equal 6.19% LIC Housing Fin. 25/11/2024 Debenture AAA 2.16 - 2.45 2.45
equal Bharti Hexacom 19/01/2024 Non Convertible Debenture AA+ 0.00 - 2.43 2.43
new 8.11% REC 2025 Bonds AAA 0.00 - 2.23 2.23
equal Varanasi Sangam Expressway 29/12/2034 Non Convertible Debenture AAA 0.00 - 2.09 2.09
equal 7.25% NUVOCO Vistas Corp. 25/09/2023 Debenture AA 1.69 - 1.96 1.96
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2025 Debenture A+ 1.55 - 1.88 1.88
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2024 Debenture A+ 1.54 - 1.83 1.83
equal 9.10% India Grid Trust 2022 Debenture AAA 1.56 - 1.78 1.78
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 1.58 - 1.78 1.78
equal 9.75% Uttar Pradesh Power Corporation 20/10/2023 Debenture AA- 1.49 - 1.77 1.77
equal 9.75% Uttar Pradesh Power Corporation 20/10/2022 Debenture AA- 1.50 - 1.76 1.76
equal 6.24% Godrej Industries 14/07/2023 Debenture AA 1.52 - 1.76 1.76
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.75 1.75
equal Indostar Capital Finance 2022 Debenture AA- 0.00 - 1.73 1.73

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-Oct-2021

Fund Manager

— Mohit Sharma since 06-Aug-2020

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:

— Sunaina da Cunha since 01-Apr-2017

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

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

Funds Managed:


0.05%

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

Growth: ₹ 15.9686

IDCW: ₹ 11.0494

Bonus: ₹ 15.9881


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 (₹) --
Lock-in Period Not Applicable
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: 7.33%
Benchmark: NIFTY Credit Risk Bond Index
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,441 Cr (As on 31-Oct-2021)
Expense: 1.92% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW24-Sep-20210.1380

 25-Jun-20210.1400
 25-Mar-20210.1400
 24-Dec-20200.1400
 25-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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