Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from 3 months to 5 years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.
If you are looking to invest for a defined tenure during which you are sure you will not need to redeem your money, you may consider investing in an FMP of a matching duration. But avoid them if your investment horizon is more than 3 years. We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. That makes FMPs unsuitable.
Taxability of earnings:
|CCIL T Bill Liquidity Weight*||0.52||-0.03||0.04||0.28||0.83||1.77||4.03||--||--||--||--|
As on 20-Feb-2020
* As on 24-Feb-2020
|Best (Period)||Worst (Period)|
|Week||0.71 (05-Apr-2019 - 12-Apr-2019)||-1.62 (17-Sep-2018 - 24-Sep-2018)|
|Month||1.56 (30-Apr-2019 - 31-May-2019)||-2.10 (27-Aug-2018 - 26-Sep-2018)|
|Quarter||3.54 (01-Mar-2019 - 03-Jun-2019)||-1.65 (13-Aug-2018 - 12-Nov-2018)|
|Year||10.90 (13-Nov-2018 - 13-Nov-2019)||2.17 (10-Nov-2017 - 12-Nov-2018)|
|CCIL T Bill Liquidity Weight*||4.06||0.27||-6.06||-10.48||--||--|
The Risk Measures have been calculated using calendar month returns for the last three years.
* As on 31-Jan-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||16||16||--||15|
|Modified Duration (yrs)||--||--||--||--|
|Average Maturity (yrs)||--||--||--||--|
|Yield to Maturity (%)||--||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|NTPC 91-D 24/04/2020||Commercial Paper||A1+||0.00 - 11.95||11.95|
|Indiabulls Housing Finance 30/04/2020||Debenture||AA+||0.00 - 10.41||10.41|
|TMF Holdings 15/04/2020||Debenture||AA-||0.00 - 10.09||10.09|
|Cholamandalam Invest. & Fin. 30/04/2020||Debenture||AA+||9.96 - 10.04||10.04|
|7.58% LIC Housing Fin. 28/02/2020||Debenture||AAA||8.47 - 9.15||8.47|
|8.19% Tata Housing Devp. Co. 23/04/2020||Debenture||AA||8.19 - 8.77||8.19|
|9.05% Essel Lucknow Raebareli Toll Roads 31/03/2020||Debenture||A||0.00 - 8.07||8.04|
|8.70% Vedanta 20/04/2020||Debenture||AA||7.66 - 8.23||7.66|
|6.83% Power Finance Corp. 15/04/2020||Bonds||AAA||6.44 - 6.88||6.44|
|SIDBI 30/04/2020||Certificate of Deposit||A1+||0.00 - 4.27||4.24|
|Indusind Bank 20/04/2020||Certificate of Deposit||A1+||0.00 - 4.01||4.01|
|Axis Bank 29/04/2020||Certificate of Deposit||A1+||0.00 - 1.80||1.80|
|Bank of Baroda 2020||Certificate of Deposit||A1+||0.00 - 1.55||1.54|
|8.49% HDFC 27/04/2020||Debenture||AAA||0.00 - 0.36||0.34|
|11.00% IL&FS Education and Technology Services 2020||Debenture||D||0.00 - 0.28||0.25|
|8.49% LIC Housing Fin. 28/04/2020||Debenture||AAA||0.07 - 0.07||0.07|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jan-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).
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The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
|Fund House:||Aditya Birla Sun Life Mutual Fund|
|Return Since Launch:||6.87%|
|Benchmark:||CRISIL Composite Bond|
|Plan||Record Date||Dividend (₹ / Unit)|
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
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
Email: [email protected]