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4 star

Aditya Birla Sun Life Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a 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 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 -0.04 -0.01 -0.03 0.08 0.84 2.42 7.21 7.56 7.49 7.77 8.10
CCIL T Bill Liquidity Weight 0.09 0.03 0.04 0.15 0.50 1.08 3.01 3.80 4.01 4.43 4.70
Debt: Low Duration 0.06 0.00 0.01 0.17 0.99 2.31 5.96 5.00 5.96 6.54 7.39
Rank within category 24 21 24 23 11 9 6 4 5 7 9
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 22-Jan-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 Low Duration Fund  | Invest Online
4 star
May-98 7.21 7.56 7.49 1.22 19,972
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 8.19 8.12 8.09 0.55 29,895
SBI Magnum Low Duration Fund  | Invest Online
4 star
Jul-07 6.36 7.39 7.41 1.01 16,320
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 7.40 7.72 7.84 1.15 11,678
Axis Treasury Advantage Fund
5 star
Oct-09 6.93 7.68 7.54 0.61 10,144

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.08 (24-Mar-2020 - 31-Mar-2020) -1.18 (12-Mar-2020 - 19-Mar-2020)
Month 2.76 (24-Mar-2020 - 23-Apr-2020) -1.43 (25-Feb-2020 - 26-Mar-2020)
Quarter 4.66 (24-Mar-2020 - 24-Jun-2020) -0.32 (24-Dec-2019 - 24-Mar-2020)
Year 10.09 (24-Jul-2013 - 24-Jul-2014) 4.16 (24-Jun-2009 - 24-Jun-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.44 0.96 2.78 6.57 0.77 3.42
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Low Duration 5.18 4.37 1.30 2.57 -0.67 -0.25
Rank within category 4 6 5 2 15 5
Number of funds in category 25 25 25 25 25 25

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

As on 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 208 212 110 60
Modified Duration (yrs) 0.84 1.08 0.79 0.76
Average Maturity (yrs) 0.95 1.30 0.91 0.89
Yield to Maturity (%) 4.19 7.17 4.11 4.11
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reserve Bank of India 364-D 29/04/2021 Treasury Bills SOV 0.00 - 4.02 4.02
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 3.98 3.98
equal Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 2.48 2.48
equal National Bank Agr. Rur. Devp 235-D 02/03/2021 Commercial Paper A1+ 0.00 - 3.53 2.29
new Larsen & Toubro 100-D 25/03/2021 Commercial Paper A1+ 0.00 - 2.11 2.11
equal Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 1.99 1.99
new Axis Bank 28/05/2021 Certificate of Deposit A1+ 0.00 - 1.98 1.98
down HDFC 25/10/2021 Commercial Paper A1+ 0.00 - 2.30 1.94
down 6.22% HDFC 2021 Debenture AAA 0.00 - 2.56 1.91
equal Reserve Bank of India 182-D 04/03/2021 Treasury Bills SOV 0.00 - 1.87 1.87
equal 8.97% Shriram Transport Finance 15/03/2021 Debenture AA+ 0.00 - 4.22 1.75
equal Reserve Bank of India 364-D 22/04/2021 Treasury Bills SOV 0.00 - 1.74 1.74
equal 7.56% Andhra Pradesh State 14/02/2021 State Development Loan SOV 0.00 - 2.00 1.26
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.23 1.23
equal 8.83% GOI 25/11/2023 Central Government Loan SOV 0.00 - 1.14 1.09
equal 6.90% REC 30/06/2022 Debenture AAA 0.93 - 2.63 1.09
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 1.08 1.08
equal 6.74% Cholamandalam Invest. & Fin. 17/08/2021 Debenture AA+ 0.00 - 1.80 1.02
new 4.66% Bajaj Finance 2022 Debenture AAA 0.00 - 1.00 1.00
down 6.32% REC 31/12/2021 Debenture AAA 0.00 - 1.84 0.92
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 0.86 - 2.18 0.89
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.02 - 2.41 0.88
new National Bank Agr. Rur. Devp 28/05/2021 Commercial Paper A1+ 0.00 - 0.86 0.86
equal 4.85% Bajaj Housing Finance 2022 Debenture AAA 0.00 - 0.85 0.85
equal 8.35% REC 13/03/2022 Debenture AAA 0.80 - 2.05 0.84

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-Dec-2020

Fund Manager

— Kaustubh Gupta since 15-Jul-2011

Education: Mr. Gupta is a B.Com and a Chartered Accountant.

Experience: Prior to joining Birla Sun Life AMC he has worked with ICICI Bank.

Funds Managed:

— Mohit Sharma since 01-Apr-2017

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).

Funds Managed:


-0.01%

Change from previous, NAV as on 22-Jan-2021

Growth: ₹ 512.2321

Dividend Weekly: ₹ 101.0582

Dividend Daily: ₹ 100.7036


Investment Strategy

The scheme seeks to provide income which is consistent with a portfolio through investments in a basket of debt and money market instruments of short maturities with a view to provide reasonable returns.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 14-May-1998
Return Since Launch: 7.46%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 19,972 Cr (As on 31-Dec-2020)
Expense: 1.22% (As on 31-Dec-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily20-Jan-20210.0020

 19-Jan-20210.0286
 07-Jan-20210.0256
 06-Jan-20210.0079
 05-Jan-20210.0136
 04-Jan-20210.0376
 01-Jan-20210.0414
 31-Dec-20200.0319
 30-Dec-20200.0064
 29-Dec-20200.0179
 28-Dec-20200.0206
 24-Dec-20200.0416
 23-Dec-20200.0132
 22-Dec-20200.0183
 21-Dec-20200.0046
 18-Dec-20200.0192
 17-Dec-20200.0132
 16-Dec-20200.0055
 15-Dec-20200.0036
 14-Dec-20200.0067
 11-Dec-20200.0272
 09-Dec-20200.0123
 08-Dec-20200.0056
 07-Dec-20200.0038
 04-Dec-20200.0301
Dividend Weekly05-Jan-20210.1356

 29-Dec-20200.0940
 22-Dec-20200.0463
 15-Dec-20200.0481
 08-Dec-20200.0359
 01-Dec-20200.0872
 24-Nov-20200.1770
 17-Nov-20200.1113
 10-Nov-20200.1218
 03-Nov-20200.0863
 27-Oct-20200.0597
 20-Oct-20200.1927
 13-Oct-20200.2794
 06-Oct-20200.1916
 29-Sep-20200.0490
 22-Sep-20200.1667
 15-Sep-20200.0317
 08-Sep-20200.0074
 01-Sep-20200.1998
 25-Aug-20200.0214
 18-Aug-20200.1814
 11-Aug-20200.0516
 04-Aug-20200.1869
 21-Jul-20200.1344
 14-Jul-20200.1417

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

Upcoming Video

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Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM