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Indiabulls Savings Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 2.00 0.01 0.05 0.26 1.08 2.52 6.56 -- -- -- --
CCIL T Bill Liquidity Weight 1.78 0.11 0.16 0.35 1.22 2.09 4.36 -- -- -- --
Debt: Money Market 2.93 0.09 0.35 0.84 2.06 3.50 7.73 -- -- -- --
Rank within category 18 19 20 20 19 18 16 -- -- -- --
Number of funds in category 19 20 20 20 19 19 17 13 13 13 0

As on 22-May-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.48 (24-Mar-2020 - 31-Mar-2020) -0.33 (17-Mar-2020 - 24-Mar-2020)
Month 1.01 (03-May-2019 - 04-Jun-2019) -0.05 (25-Feb-2020 - 26-Mar-2020)
Quarter 2.28 (06-May-2019 - 05-Aug-2019) 0.94 (24-Dec-2019 - 24-Mar-2020)
Year 8.16 (02-Nov-2018 - 04-Nov-2019) 6.48 (23-May-2019 - 22-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.16 0.26 -5.00 -9.29 -- --
Debt: Money Market* 7.06 0.71 3.56 8.34 0.93 2.81
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Apr-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 4 10 1 26
Modified Duration (yrs) 0.07 0.70 0.07 --
Average Maturity (yrs) 0.07 0.73 0.07 --
Yield to Maturity (%) 3.41 7.01 3.41 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 77-D Treasury Bills SOV 0.00 - 42.82 42.82
new Reserve Bank of India 91-D 07/05/2020 Treasury Bills SOV 0.00 - 21.49 21.49
new Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 8.60 8.60
new National Bank Agr. Rur. Devp 88-D 15/05/2020 Commercial Paper A1+ 0.00 - 8.59 8.59

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 30-Apr-2020

Fund Manager

— Vikrant Mehta since 20-Jun-2019

Education: Mr. Mehta is CFA and M.S.

Experience: Prior to joining Indiabulls AMC he has worked with Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 22-May-2020

Growth: ₹ 1,123.1279

Dividend Weekly: ₹ 1,005.1619

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Dividend Monthly: ₹ 1,006.4569

Dividend Daily: ₹ 1,005.1677


Investment Strategy

The scheme seeks to provide reasonable returns, commensurate with moderately low risk while providing a high level of liquidity.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 5,000
Exit Load 0

Basic Details

Fund House: Indiabulls Mutual Fund
Launch Date: 19-Sep-2018
Return Since Launch: 7.18%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 23 Cr (As on 30-Apr-2020)
Expense: 0.09% (As on 30-Apr-2020)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-May-20200.0986

 21-May-20200.0690
 20-May-20200.0986
 19-May-20200.0690
 18-May-20200.2169
 15-May-20200.0493
 14-May-20200.0788
 13-May-20200.0591
 12-May-20200.0986
 11-May-20200.3057
 08-May-20200.0871
 04-May-20200.3698
 30-Apr-20200.0665
 29-Apr-20200.1549
 28-Apr-20200.0355
 27-Apr-20200.2060
 24-Apr-20200.0646
 23-Apr-20200.2497
 22-Apr-20200.5779
 21-Apr-20200.5599
 20-Apr-20200.4927
 17-Apr-20200.4947
 15-Apr-20200.0711
 13-Apr-20200.3615
 07-Apr-20200.5525
Dividend Weekly18-May-20200.5712

 11-May-20200.7132
 04-May-20200.6817
 27-Apr-20201.3216
 20-Apr-20201.1504
 13-Apr-20200.2356
 07-Apr-20201.4303
 30-Mar-20200.9094
 16-Mar-20200.4470
 09-Mar-20200.9822
 02-Mar-20200.6190
 24-Feb-20200.8078
 17-Feb-20200.8803
 10-Feb-20201.1394
 03-Feb-20200.5141
 27-Jan-20201.0667
 20-Jan-20200.4403
 13-Jan-20201.3619
 06-Jan-20200.7993
 30-Dec-20190.5707
 23-Dec-20190.9219
 16-Dec-20190.6498
 09-Dec-20190.2727
 02-Dec-20190.8430
 25-Nov-20191.1171
Dividend Monthly27-Apr-202010.2222

 26-Mar-20203.9235
 25-Feb-20203.5468
 27-Jan-20203.9574
 26-Dec-20192.6739
 25-Nov-20194.2441
 25-Oct-20195.3208
 25-Sep-20193.1823
 26-Aug-20194.0683
 25-Jul-20193.9599
 25-Jun-20194.0612
 27-May-20195.8597
 25-Apr-20194.2887
 25-Mar-20194.4708
 25-Feb-20194.0782
 25-Jan-20195.1717
 26-Dec-20184.4974
 26-Nov-20184.6765
 25-Oct-20184.4726
 25-Sep-20181.1639
Dividend Fortnightly10-Oct-20182.2473

 25-Sep-20181.1575

Contact Information

AMC: Indiabulls Asset Management Company Ltd.

Address: Indiabulls Finance Centre - 11th Floor, Elphinstone Mills, Senapati Bapat Marg, Elphinstone (W), Mumbai - 400013

Phone: 022-61891300 / 1800-2666-002

Email: [email protected]

Website: www.indiabullsamc.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Debt funds and the crisis

dateFriday, 29-May-2020
time12:30 PM - 01:00 PM