Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. 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:
|CCIL T Bill Liquidity Weight||0.55||0.04||0.10||0.36||0.91||1.88||4.15||4.15||4.46||4.78||4.71|
|Debt: Low Duration||0.83||0.02||0.03||0.67||1.16||2.67||2.11||5.24||6.32||7.04||7.22|
|Rank within category||9||10||17||10||12||9||7||8||9||9||--|
|Number of funds in category||26||26||26||26||26||26||26||26||24||23||16|
As on 20-Feb-2020
|Best (Period)||Worst (Period)|
|Week||0.50 (29-Mar-2016 - 05-Apr-2016)||-0.48 (09-Jul-2013 - 16-Jul-2013)|
|Month||1.37 (30-Aug-2013 - 01-Oct-2013)||-0.19 (24-Jun-2013 - 24-Jul-2013)|
|Quarter||2.98 (24-Jul-2013 - 23-Oct-2013)||0.88 (17-Dec-2009 - 18-Mar-2010)|
|Year||10.09 (24-Jul-2013 - 24-Jul-2014)||4.16 (24-Jun-2009 - 24-Jun-2010)|
|CCIL T Bill Liquidity Weight||4.06||0.27||-6.06||-10.48||--||--|
|Debt: Low Duration||5.08||3.25||0.69||1.45||1.93||2.52|
|Rank within category||9||6||8||6||13||7|
|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-Jan-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||125||130||110||52|
|Modified Duration (yrs)||0.79||0.89||0.55||0.74|
|Average Maturity (yrs)||0.91||1.00||0.59||0.92|
|Yield to Maturity (%)||6.67||8.55||6.39||6.93|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|6.25% Indusind Bank 26/03/2020||Fixed Deposits||--||0.00 - 3.87||3.73|
|7.68% ONGC Petro Additions 18/05/2020||Structured Obligation||AAA||0.00 - 4.12||3.64|
|Axis Bank 19/08/2020||Certificate of Deposit||A1+||0.00 - 3.26||3.16|
|8.15% REC 18/01/2021||Bonds/Debentures||AAA||0.00 - 4.11||2.61|
|7.32% GOI 28/01/2024||GOI Securities||SOV||0.00 - 2.87||2.41|
|1.50% HDFC 18/06/2020||Debenture||AAA||0.00 - 2.37||2.28|
|ICICI Bank 25/01/2021||Certificate of Deposit||A1+||0.00 - 2.20||2.20|
|Birla Group Holdings 91-D 28/02/2020||Commercial Paper||A1+||0.00 - 2.24||2.18|
|7.85% National Bank Agr. Rur. Devp 23/05/2022||Non Convertible Debenture||AAA||0.00 - 2.39||2.06|
|7.70% LIC Housing Fin. 22/05/2020||Non Convertible Debenture||AAA||0.00 - 2.04||1.97|
|8.20% Power Finance Corp. 14/09/2020||Bonds/NCDs||AAA||0.00 - 2.53||1.89|
|SIDBI 15/05/2020||Securitised Debt||AAA||0.00 - 2.19||1.84|
|Adani Properties 27/04/2021||Debenture||AA-||1.83 - 3.99||1.83|
|National Bank Agr. Rur. Devp 21/01/2021||Commercial Paper||A1+||0.00 - 1.76||1.76|
|6.98% National Bank Agr. Rur. Devp 30/09/2020||Debenture||AAA||0.00 - 2.47||1.71|
|Aditya Birla Finance 2027||Debenture||AAA||0.00 - 1.64||1.59|
|SIDBI 2020||Commercial Paper||A1+||0.00 - 1.81||1.59|
|7.50% Power Finance Corp. 17/09/2020||Bonds||AAA||1.51 - 1.85||1.51|
|7.24% REC 31/12/2022||Non Convertible Debenture||AAA||0.00 - 1.41||1.41|
|ICICI Bank 31/12/2020||Certificate of Deposit||A1+||0.00 - 1.33||1.33|
|8.20% Power Finance Corp. 27/05/2022||Non Convertible Debenture||AAA||0.00 - 1.57||1.29|
|HUDCO 13/10/2022||Debenture||AAA||0.00 - 1.38||1.22|
|8.35% REC 13/03/2022||Debenture||AAA||0.00 - 1.44||1.15|
|HDFC 358-D 10/07/2020||Commercial Paper||A1+||0.00 - 1.34||1.14|
|Bharti Telecom 19/02/2020||Debenture||AA+||1.09 - 1.37||1.09|
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. Gupta is a B.Com and a Chartered Accountant.
Experience: Prior to joining Birla Sun Life AMC he has worked with ICICI Bank.
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 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.
|Minimum Investment (₹)||100|
|Minimum Addl Investment (₹)||100|
|Minimum SIP Investment (₹)||100|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||1|
|Minimum Balance (₹)||--|
|Fund House:||Aditya Birla Sun Life Mutual Fund|
|Return Since Launch:||7.48%|
|Benchmark:||NIFTY Low Duration Debt TRI|
|Assets:||₹ 10,725 Cr (As on 31-Jan-2020)|
|Expense:||1.22% (As on 31-Jan-2020)|
|Risk Grade:||Below Average|
|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]