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Aditya Birla Sun Life Credit Risk Fund - Regular Plan download report


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.07 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
Aditya Birla SL Credit Risk Reg-G 4.51 -0.12 -0.01 3.05 3.83 4.29 6.56 6.20 6.05 7.25 --
CCIL T Bill Liquidity Weight 1.21 0.05 0.09 0.28 0.61 1.05 2.04 2.63 3.27 3.65 --
Debt: Credit Risk 11.05 -0.11 0.13 0.78 1.43 10.13 15.46 5.41 4.01 5.49 --
Rank within category 3 9 15 1 1 3 6 7 5 4 --
Number of funds in category 15 15 15 15 15 15 15 15 15 14 4

As on 05-Aug-2022

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 6.56 6.20 6.05 1.94 1,234
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
Mar-14 3.54 7.54 6.86 1.57 8,631
ICICI Prudential Credit Risk Fund  | Invest Now
4 star
Dec-10 4.83 7.61 7.25 1.54 7,943
SBI Credit Risk Fund  | Invest Online
4 star
Jul-04 3.77 6.49 6.14 1.55 2,964
Axis Credit Risk Fund - Regular Plan
4 star
Jul-14 3.68 6.40 5.52 1.66 671

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.61 05-Jul-2022 - 12-Jul-2022 -3.49 18-Nov-2019 - 25-Nov-2019
Month 3.33 17-Jun-2022 - 19-Jul-2022 -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
Aditya Birla SL Credit Risk Reg-G 6.14 3.47 0.77 0.82 -2.67 0.26
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Credit Risk 6.80 9.54 0.71 0.97 -5.55 -1.65
Rank within category 7 8 5 9 6 10
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-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 62 63 55 36
Modified Duration (yrs) 1.89 1.91 1.45 1.73
Average Maturity (yrs) 2.96 2.97 1.97 2.52
Yield to Maturity (%) 7.86 7.86 6.31 7.47
Avg Credit Rating -- -- --

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 6.96 - 8.37 8.22
equal 10.50% Indusind Bank Additional Tier 1 Bond AA 4.45 - 5.24 5.12
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 2.78 - 3.48 3.43
equal 5.90% Bharti Hexacom 30/04/2024 Debenture AA+ 0.00 - 3.46 3.40
equal 5.35% Telesonic Network 28/04/2023 Debenture AA+ 0.00 - 3.43 3.36
equal 6.50% Tata Realty and Infrastructure 17/07/2024 Non Convertible Debenture AA 2.92 - 3.39 3.32
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 2.52 - 3.06 3.01
equal Bharti Hexacom 19/01/2024 Non Convertible Debenture AA+ 0.00 - 2.84 2.79
down 6.54% GOI 17/01/2032 GOI Securities SOV 0.00 - 5.05 2.69
equal 9.00% SAIL 14/10/2024 Bonds AA 2.51 - 3.28 2.51
equal 7.99% Tata Power Company 15/11/2024 Bonds/NCDs AA 0.00 - 2.49 2.45
equal Varanasi Sangam Expressway 29/12/2034 Non Convertible Debenture AAA 2.07 - 2.33 2.31
equal 7.25% NUVOCO Vistas Corp. 25/09/2023 Debenture AA 1.95 - 2.30 2.26
new 9.77% Andhra Pradesh State 28/08/2023 State Development Loan SOV 0.00 - 2.09 2.09
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2025 Debenture A+ 1.82 - 2.11 2.06
equal 9.75% Uttar Pradesh Power Corporation 20/10/2023 Debenture AA- 1.73 - 2.09 2.05
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2024 Debenture A+ 1.79 - 2.08 2.03
new 7.42% Bajaj Housing Finance 2024 Non Convertible Debenture AAA 0.00 - 2.03 2.03
equal 6.24% Godrej Industries 14/07/2023 Debenture AA 1.73 - 2.05 2.01
equal Vedanta 182-D 23/09/2022 Commercial Paper A1+ 0.00 - 2.04 2.01
equal 6.20% Torrent Power 2024 Debenture AA+ 0.00 - 2.02 1.99
new 6.25% Embassy Office Parks REIT 18/10/2024 Debenture AAA 0.00 - 1.97 1.97
new Kotak Mahindra Bank 2023 Certificate of Deposit A1+ 0.00 - 1.96 1.96
equal 6.24% State Bank of India Additional Tier 2 Bond AAA 0.00 - 1.98 1.95
new 8.05% Summit Digitel Infrastructure 31/05/2027 Debenture AAA 0.00 - 1.64 1.64

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-Jul-2022

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:


-0.12%

Change from previous, NAV as on 05-Aug-2022

Growth: ₹ 16.7510

IDCW: ₹ 11.1613

Bonus: ₹ 16.7714


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

Min. Investment (₹) 100
Min. Addl Investment (₹) 100
Min. SIP Investment (₹) 100
Min. No of Cheques 6
Min. Withdrawal (₹) 1
Min. 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: 7.32%
Benchmark: NIFTY Credit Risk Bond Index C-III
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,234 Cr (As on 31-Jul-2022)
Expense Ratio: 1.94% (As on 30-Jun-2022)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW24-Jun-20220.1360

 25-Mar-20220.1380
 24-Dec-20210.1400
 24-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

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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