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3 star

Aditya Birla Sun Life Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

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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(₹)
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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 5.00 0.05 0.33 1.56 3.48 4.74 8.86 7.67 7.78 8.10 8.18
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 4.70 4.78
Debt: Low Duration 3.29 0.06 1.39 2.32 2.92 3.06 6.17 4.99 6.05 6.74 7.14
Rank within category 5 9 9 10 4 5 8 8 8 6 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 16

As on 10-Jul-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
3 star
May-98 8.86 7.67 7.78 1.23 11,158
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 9.28 8.08 8.28 0.50 18,689
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 8.43 7.76 7.84 1.04 8,548
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 9.40 7.95 8.23 1.07 5,969
Axis Treasury Advantage Fund  | Invest Online
5 star
Oct-09 8.92 7.96 7.94 0.58 4,955

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 7.35 0.97 2.11 4.70 0.60 2.79
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 4.56 3.72 0.95 1.91 0.20 -0.50
Rank within category 8 6 8 6 12 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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 148 150 110 48
Modified Duration (yrs) 0.93 1.08 0.75 0.71
Average Maturity (yrs) 1.07 1.30 0.86 0.84
Yield to Maturity (%) 5.45 7.50 5.45 5.82

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.99% Punjab State 13/10/2020 State Development Loan SOV 0.00 - 4.52 4.52
equal 8.97% Shriram Transport Finance 15/03/2021 Debenture AA+ 0.00 - 4.22 3.02
new Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 2.59 2.59
new 7.07% Punjab State 28/12/2020 State Development Loan SOV 0.00 - 2.03 2.03
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 1.78 - 3.30 1.99
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 2.63 1.93
new 6.74% Cholamandalam Invest. & Fin. 17/08/2021 Debenture AA+ 0.00 - 1.80 1.80
equal 7.61% HUDCO 22/06/2022 Debenture AAA 0.34 - 2.39 1.74
down 8.15% REC 18/01/2021 Bonds/Debentures AAA 1.71 - 3.17 1.71
up 6.32% REC 31/12/2021 Debenture AAA 0.00 - 1.82 1.69
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 1.14 - 2.18 1.60
new 8.51% Rajasthan State 27/10/2020 State Development Loan SOV 0.00 - 1.59 1.59
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 2.59 1.58
equal 8.35% REC 13/03/2022 Debenture AAA 0.40 - 2.05 1.50
up HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 1.43 1.43
equal Union Bank of India 18/09/2020 Certificate of Deposit A1+ 0.00 - 1.84 1.34
new HDFC 363-D 13/01/2021 Commercial Paper A1+ 0.00 - 1.31 1.31
new Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 1.31 1.31
equal Larsen & Toubro 305-D 15/03/2021 Commercial Paper A1+ 0.00 - 1.80 1.31
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 1.78 1.29
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 1.85 1.17
new 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 1.14 1.14
equal 7.62% HUDCO 15/07/2022 Debenture AAA 0.08 - 1.55 1.13
new Axis Bank 30/10/2020 Certificate of Deposit A1+ 0.00 - 1.11 1.11
down National Bank Agr. Rur. Devp 327-D 10/03/2021 Commercial Paper A1+ 0.00 - 1.81 1.09

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-Jun-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:


0.05%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 499.5567

Dividend Weekly: ₹ 101.3584

Dividend Daily: ₹ 101.2584


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: 7.52%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 11,158 Cr (As on 30-Jun-2020)
Expense: 1.23% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily09-Jul-20200.0535

 08-Jul-20200.0302
 07-Jul-20200.0670
 06-Jul-20200.0287
 03-Jul-20200.0621
 02-Jul-20200.0026
 26-Jun-20200.0279
 25-Jun-20200.0214
 24-Jun-20200.0170
 23-Jun-20200.0223
 22-Jun-20200.0624
 19-Jun-20200.0445
 18-Jun-20200.0187
 17-Jun-20200.0405
 16-Jun-20200.0847
 15-Jun-20200.0908
 12-Jun-20200.0749
 11-Jun-20200.0378
 10-Jun-20200.1498
 09-Jun-20200.0280
 08-Jun-20200.0407
 03-Jun-20200.0200
 02-Jun-20200.0717
 01-Jun-20200.0136
 29-May-20200.0062
Dividend Weekly07-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
 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

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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