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4 star

Aditya Birla Sun Life Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 6.04 0.00 0.10 0.42 1.67 6.47 8.05 7.56 7.66 8.00 8.17
CCIL T Bill Liquidity Weight 2.49 0.02 0.04 0.19 0.54 1.61 3.46 3.99 4.17 4.65 4.76
Debt: Low Duration 4.83 0.01 0.10 0.40 3.53 6.16 6.58 5.06 6.09 6.77 7.43
Rank within category 4 21 8 8 11 4 5 5 7 7 8
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 25-Sep-2020

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 8.05 7.56 7.66 1.22 14,808
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 8.58 7.91 8.15 0.55 19,725
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 7.38 7.51 7.63 1.07 10,361
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 8.57 7.82 8.09 1.12 9,297
Axis Treasury Advantage Fund  | Invest Online
5 star
Oct-09 7.91 7.79 7.77 0.61 7,439

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 7.31 0.98 2.22 5.09 0.55 2.81
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Low Duration 5.15 4.37 1.06 2.22 -0.82 -0.94
Rank within category 7 6 8 4 13 8
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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 186 188 110 55
Modified Duration (yrs) 0.85 1.08 0.75 0.78
Average Maturity (yrs) 0.97 1.30 0.86 0.91
Yield to Maturity (%) 4.98 7.22 4.98 4.92
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
up Kotak Mahindra Bank 2020 Certificate of Deposit A1+ 0.00 - 3.85 3.85
equal National Bank Agr. Rur. Devp 235-D 02/03/2021 Commercial Paper A1+ 0.00 - 3.53 3.05
equal 8.97% Shriram Transport Finance 15/03/2021 Debenture AA+ 0.00 - 4.22 2.31
equal 7.56% Andhra Pradesh State 14/02/2021 State Development Loan SOV 0.00 - 2.00 1.72
new 8.12% GOI 2020 Central Government Loan SOV 0.00 - 1.71 1.71
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 1.84 1.59
equal 7.07% Punjab State 28/12/2020 State Development Loan SOV 0.00 - 2.03 1.52
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 2.63 1.46
equal 6.74% Cholamandalam Invest. & Fin. 17/08/2021 Debenture AA+ 0.00 - 1.80 1.37
up 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 1.45 1.35
equal Reliance Industries 133-D 10/12/2020 Commercial Paper A1+ 0.00 - 1.55 1.34
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 1.29 - 3.17 1.29
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 1.14 - 2.18 1.21
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 2.59 1.20
equal 8.35% REC 13/03/2022 Debenture AAA 1.02 - 2.05 1.13
equal 8.95% Maharashtra State 2022 State Development Loan SOV 0.00 - 1.26 1.08
equal 5.78% Orissa State 18/02/2022 State Development Loan SOV 0.00 - 1.20 1.03
equal RBL Bank 2020 Certificate of Deposit A1+ 0.00 - 1.16 1.01
new National Bank Agr. Rur. Devp 2021 Commercial Paper A1+ 0.00 - 0.99 0.99
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 1.31 0.99
equal Larsen & Toubro 305-D 15/03/2021 Commercial Paper A1+ 0.00 - 1.80 0.99
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 1.78 0.99
equal 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 0.00 - 1.12 0.96
equal 8.30% Muthoot Finance 2022 Debenture AA 0.00 - 1.07 0.93
equal HDB Financial Services 29/10/2021 Bonds/NCDs AAA 0.00 - 1.06 0.91

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-Aug-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:


0.00%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 504.4812

Dividend Weekly: ₹ 101.2284

Dividend Daily: ₹ 100.9691


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: 7.50%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 14,808 Cr (As on 31-Aug-2020)
Expense: 1.22% (As on 31-Aug-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Sep-20200.0012

 23-Sep-20200.0142
 22-Sep-20200.0070
 21-Sep-20200.0359
 18-Sep-20200.0388
 17-Sep-20200.0352
 16-Sep-20200.0176
 15-Sep-20200.0387
 11-Sep-20200.0310
 10-Sep-20200.0055
 09-Sep-20200.0009
 08-Sep-20200.0065
 04-Sep-20200.0008
 03-Sep-20200.0385
 02-Sep-20200.0279
 01-Sep-20200.0182
 31-Aug-20200.0871
 28-Aug-20200.1208
 25-Aug-20200.0114
 24-Aug-20200.0248
 19-Aug-20200.0323
 18-Aug-20200.0250
 17-Aug-20200.0352
 14-Aug-20200.0474
 13-Aug-20200.0098
Dividend Weekly22-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
 07-Jul-20200.1701
 30-Jun-20200.0424
 23-Jun-20200.2574
 16-Jun-20200.3818
 09-Jun-20200.0783
 02-Jun-20200.0013
 26-May-20200.1667
 19-May-20200.1337
 12-May-20200.2834
 05-May-20200.1007
 21-Apr-20200.3882
 07-Apr-20200.0847
 31-Mar-20200.8574
 11-Mar-20200.0532
 03-Mar-20200.0093

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

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