1 LakhInvestment Grown to
Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five 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.
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:
|CCIL T Bill Liquidity Weight||1.54||0.03||0.04||0.20||0.62||1.10||2.20||3.43||--||--||--|
|Rank within category||89||51||91||64||76||89||117||25||--||--||--|
|Number of funds in category||301||317||316||313||306||301||301||55||3||3||0|
As on 24-Sep-2021
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|Aditya Birla Sun Life Fixed Term Plan - Series PY (1409 Days) - Regular Plan||May-18||5.08||9.00||--||0.13||184|
|Kotak FMP Series 252 - 1261 Days - Regular Plan||Nov-18||4.85||--||--||0.09||1,349|
|HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Regular Plan||Sep-18||10.65||9.77||--||0.27||790|
|Kotak FMP Series 239 - 1330 Days - Regular Plan||Aug-18||8.87||9.72||--||0.12||780|
|SBI Fixed Maturity Plan - Series 41 (1498 Days) - Regular Plan||Mar-21||--||--||--||0.35||754|
|Best Performance||Worst Performance|
|Return (%)||Period||Return (%)||Period|
|Week||1.23||24-Mar-2020 - 31-Mar-2020||-0.96||16-Mar-2020 - 23-Mar-2020|
|Month||2.49||24-Mar-2020 - 23-Apr-2020||-0.68||20-Feb-2020 - 23-Mar-2020|
|Quarter||4.46||24-Mar-2020 - 24-Jun-2020||0.44||26-Nov-2020 - 25-Feb-2021|
|Year||12.63||12-Sep-2018 - 13-Sep-2019||5.02||17-Aug-2020 - 17-Aug-2021|
|CCIL T Bill Liquidity Weight||3.37||0.39||-1.71||-4.34||--||--|
|Rank within category||18||6||3||12||40||16|
|Number of funds in category||51||51||51||51||51||51|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Aug-2021
|Fund||1Y High||1Y Low||Category|
|Number of Securities||14||14||--||15|
|Modified Duration (yrs)||--||--||--||--|
|Average Maturity (yrs)||--||--||--||--|
|Yield to Maturity (%)||--||--||--||--|
|Avg Credit Rating||AAA||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|8.39% Rajasthan State 24/02/2026||State Development Loan||SOV||53.00 - 56.99||53.00|
|Bajaj Finance 2022||Zero Coupon Bonds||AAA||11.06 - 11.13||11.13|
|8.58% HDFC 18/03/2022||Debenture||AAA||9.65 - 10.39||9.65|
|8.18% Power Finance Corporation 19/03/2022||Debenture||AAA||1.97 - 5.42||5.24|
|Bajaj Housing Finance 2022||Debenture||AAA||4.88 - 4.93||4.93|
|8.30% Reliance Industries 2022||Debenture||AAA||3.51 - 3.78||3.51|
|8.66% West Bengal State 25/01/2022||State Development Loan||SOV||0.00 - 2.48||2.31|
|8.55% Power Finance Corporation 2021||Bonds||AAA||2.10 - 2.27||2.10|
|8.60% National Bank Agr. Rur. Devp 31/01/2022||Debenture||AAA||1.11 - 1.20||1.11|
|LIC Housing Fin. 25/02/2022||Debenture||AAA||1.06 - 1.07||1.06|
|8.44% REC 2021||Bonds||AAA||1.05 - 1.13||1.05|
|7.67% L&T Infrastructre Finance 18/03/2022||Non Convertible Debenture||AAA||0.00 - 0.91||0.89|
|8.46% Housing & Urban Development Corporation 15/02/2022||Non Convertible Debenture||AAA||0.00 - 0.71||0.67|
|Axis Bank 2022||Certificate of Deposit||A1+||0.00 - 0.11||0.11|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Aug-2021
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).
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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:||8.62%|
|Benchmark:||CRISIL Composite Bond Index|
|Riskometer:||Low to Moderate|
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]