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Aditya Birla Sun Life Low Duration Fund


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

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:

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 1.71 0.04 0.23 0.47 1.58 3.33 7.45 7.21 7.55 7.93 7.97
CCIL T Bill Liquidity Weight 1.06 0.04 0.19 0.48 1.06 1.96 4.08 4.14 4.40 4.76 4.73
Debt: Low Duration 0.16 0.03 0.19 -0.82 0.04 1.42 0.42 4.69 5.97 6.70 7.00
Rank within category 8 10 6 8 10 13 8 8 10 9 --
Number of funds in category 26 26 26 26 26 26 26 26 25 23 16

As on 03-Apr-2020

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 1.37 (30-Aug-2013 - 01-Oct-2013) -1.43 (25-Feb-2020 - 26-Mar-2020)
Quarter 2.98 (24-Jul-2013 - 23-Oct-2013) -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 7.01 0.76 1.93 3.86 1.75 4.06
CCIL T Bill Liquidity Weight 4.07 0.27 -5.49 -9.70 -- --
Debt: Low Duration 4.69 3.50 0.80 1.80 0.93 0.52
Rank within category 8 6 9 6 15 5
Number of funds in category 26 26 26 24 26 26

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

As on 31-Mar-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 139 141 110 53
Modified Duration (yrs) 0.91 0.91 0.75 0.78
Average Maturity (yrs) 1.05 1.05 0.86 0.96
Yield to Maturity (%) 6.75 8.40 6.39 6.91

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.25% Indusind Bank 26/03/2020 Fixed Deposits -- 0.00 - 3.87 3.29
equal 7.68% ONGC Petro Additions 18/05/2020 Structured Obligation AAA 0.00 - 4.12 3.21
new 8.97% Shriram Transport Finance 15/03/2021 Debenture AA+ 0.00 - 2.87 2.87
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 2.31 - 4.11 2.31
equal ICICI Bank 25/01/2021 Certificate of Deposit A1+ 0.00 - 2.20 1.96
up 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 1.88 1.88
down 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 2.39 1.78
new HDFC 363-D 10/02/2021 Commercial Paper A1+ 0.00 - 1.75 1.75
up 6.90% REC 30/06/2022 Debenture AAA 0.00 - 1.73 1.73
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 1.66 - 2.53 1.66
equal Adani Properties 27/04/2021 Debenture AA- 1.63 - 3.99 1.63
new Birla Group Holdings 90-D 27/05/2020 Commercial Paper A1+ 0.00 - 1.61 1.61
down Axis Bank 19/08/2020 Certificate of Deposit A1+ 0.00 - 3.26 1.60
new National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 1.56 1.56
equal Aditya Birla Finance 2027 Debenture AAA 0.00 - 1.64 1.42
up 6.99% Air India Assets Holdings 16/12/2022 Debenture AAA 0.00 - 1.37 1.37
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 1.33 - 1.85 1.33
down 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 1.30 - 2.47 1.30
up 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 1.73 1.26
equal 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 1.41 1.25
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 2.87 1.21
up ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 1.18 1.18
equal ICICI Bank 31/12/2020 Certificate of Deposit A1+ 0.00 - 1.33 1.18
up ICICI Bank 2021 Certificate of Deposit A1+ 0.00 - 1.18 1.18
new Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 1.17 1.17

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 29-Feb-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:


0.04%

Change from previous, NAV as on 03-Apr-2020

Growth: ₹ 483.8930

Dividend Weekly: ₹ 100.1534

Dividend Daily: ₹ 100.2359


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: Moderately Low
Type: Open-ended
Assets: ₹ 12,149 Cr (As on 29-Feb-2020)
Expense: 1.22% (As on 29-Feb-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily31-Mar-20200.0431

 30-Mar-20200.0124
 27-Mar-20200.0459
 26-Mar-20200.6437
 04-Mar-20200.0149
 03-Mar-20200.0842
 02-Mar-20200.0181
 28-Feb-20200.0284
 20-Feb-20200.0533
 18-Feb-20200.0123
 14-Feb-20200.0349
 13-Feb-20200.0100
 12-Feb-20200.0272
 10-Feb-20200.0090
 07-Feb-20200.0467
 06-Feb-20200.0622
 05-Feb-20200.1119
 04-Feb-20200.0143
 03-Feb-20200.0193
 31-Jan-20200.0556
 30-Jan-20200.0066
 29-Jan-20200.0106
 28-Jan-20200.0092
 27-Jan-20200.0179
 24-Jan-20200.0365
Dividend Weekly31-Mar-20200.8574

 11-Mar-20200.0532
 03-Mar-20200.0093
 25-Feb-20200.0607
 18-Feb-20200.0620
 11-Feb-20200.2443
 04-Feb-20200.1014
 28-Jan-20200.1268
 21-Jan-20200.0879
 14-Jan-20200.0636
 07-Jan-20200.1370
 31-Dec-20190.0566
 24-Dec-20190.0827
 17-Dec-20190.0587
 03-Dec-20190.0926
 26-Nov-20190.0927
 19-Nov-20190.1159
 13-Nov-20190.0781
 05-Nov-20190.1207
 29-Oct-20190.1214
 22-Oct-20190.1410
 15-Oct-20190.1374
 09-Oct-20190.1347
 01-Oct-20190.1678
 17-Sep-20190.0817

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: 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

Last Session

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dateFriday, 20-Mar-2020
time12:30 PM - 01:00 PM

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