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4 star

Aditya Birla Sun Life Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 1.68 0.02 0.15 0.43 1.43 1.88 5.77 7.35 7.15 7.48 7.95
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 4.62
Debt: Low Duration 1.65 0.02 0.13 0.37 1.25 1.95 7.92 5.00 5.76 6.43 7.35
Rank within category 8 17 5 4 3 8 11 5 5 6 8
Number of funds in category 24 24 24 24 24 24 24 24 23 21 19

As on 11-Jun-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 5.77 7.35 7.15 1.18 16,526
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 6.56 7.82 7.65 0.53 30,234
HDFC Low Duration Fund  | Invest Online
4 star
Nov-99 6.53 7.33 7.13 1.04 24,543
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 5.80 7.43 7.46 1.19 12,765
Axis Treasury Advantage Fund
4 star
Oct-09 5.46 7.45 7.21 0.61 10,158

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 7.12 1.01 2.78 5.44 1.02 3.61
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Low Duration 5.08 4.24 1.40 2.59 -0.52 0.38
Rank within category 5 6 4 4 16 6
Number of funds in category 24 24 24 24 24 24

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 173 212 150 61
Modified Duration (yrs) 0.74 0.93 0.74 0.75
Average Maturity (yrs) 1.15 1.15 0.84 0.99
Yield to Maturity (%) 4.45 5.45 4.11 4.56
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 8.79% GOI 2021 Central Government Loan SOV 0.00 - 8.05 7.73
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 5.10 4.73
new GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 2.85 2.85
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.28 - 1.85 1.78
equal Larsen & Toubro 165-D 27/07/2021 Commercial Paper A1+ 0.00 - 1.55 1.50
equal 6.90% REC 30/06/2022 Debenture AAA 1.04 - 1.93 1.30
equal 9.25% Shriram City Union Finance 28/05/2024 Debenture AA 0.10 - 1.23 1.23
equal Reliance Industries 123-D 28/06/2021 Commercial Paper A1+ 0.00 - 1.25 1.21
equal 4.66% Bajaj Finance 2022 Debenture AAA 0.00 - 1.28 1.20
equal National Bank Agr. Rur. Devp 199-D 02/08/2021 Commercial Paper A1+ 0.00 - 1.24 1.20
equal Axis Bank 23/08/2021 Certificate of Deposit A1+ 0.00 - 1.24 1.20
equal National Bank Agr. Rur. Devp 2022 Commercial Paper A1+ 0.00 - 1.22 1.18
equal L&T Infrastructre Finance 364-D 23/02/2022 Commercial Paper A1+ 0.00 - 1.21 1.17
equal 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 1.18 1.14
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 0.86 - 1.60 1.07
equal 4.85% Bajaj Housing Finance 2022 Debenture AAA 0.00 - 1.09 1.03
equal 8.35% REC 13/03/2022 Debenture AAA 0.80 - 1.50 1.00
equal 7.61% HUDCO 22/06/2022 Debenture AAA 0.78 - 1.74 0.97
equal Reliance Industries 283-D 11/06/2021 Commercial Paper A1+ 0.00 - 1.05 0.91
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 0.91 0.88
equal 7.18% National Bank Agr. Rur. Devp 2022 Non Convertible Debenture AAA 0.50 - 0.94 0.84
equal 8.30% Muthoot Finance 2022 Debenture AA+ 0.00 - 0.87 0.84
equal 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 0.00 - 1.12 0.83
equal 9.75% Manappuram Finance 31/12/2021 Debenture AA 0.47 - 0.87 0.81
equal 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.63 - 1.14 0.79

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-May-2021

Fund Manager

— Kaustubh Gupta since 15-Jul-2011

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

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

Funds Managed:

— Mohamed Irfan since 22-Mar-2021

Education: Mr. Irfan has done MBA from IIM Bangalore and B.E. from College of Engineering, Guindy (Anna Univ.)

Experience: Prior to joining Aditya Birla Sun life Mutual Fund, he worked with the Chief Economist in the Group’s Corporate Economics Cell.

— Mohit Sharma since 01-Apr-2017

Education: Mr. Sharma is B Tech (IIT - Madras) and PGDCM (IIM Calcutta).

Experience: Prior to joining Aditya Birla Sun Life 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:


0.02%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 521.0487

IDCW Weekly: ₹ 101.0715

IDCW Daily: ₹ 100.5028


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 (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 14-May-1998
Return Since Launch: 7.41%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 16,526 Cr (As on 31-May-2021)
Expense: 1.18% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily10-Jun-20210.0153

 09-Jun-20210.0256
 08-Jun-20210.0375
 07-Jun-20210.0195
 04-Jun-20210.0495
 03-Jun-20210.0226
 02-Jun-20210.0336
 31-May-20210.0080
 28-May-20210.0076
 27-May-20210.0551
 25-May-20210.0042
 24-May-20210.0176
 21-May-20210.0277
 20-May-20210.0189
 19-May-20210.0205
 18-May-20210.0042
 17-May-20210.0261
 14-May-20210.0204
 12-May-20210.0145
 11-May-20210.0080
 10-May-20210.0162
 07-May-20210.0241
 06-May-20210.0171
 05-May-20210.0204
 04-May-20210.0069
IDCW Weekly08-Jun-20210.1220

 01-Jun-20210.0752
 25-May-20210.0893
 18-May-20210.0695
 11-May-20210.0850
 04-May-20210.1077
 27-Apr-20210.1527
 20-Apr-20210.0634
 15-Apr-20210.0362
 06-Apr-20210.2000
 30-Mar-20210.1462
 23-Mar-20210.2109
 16-Mar-20210.0060
 09-Mar-20210.0575
 02-Mar-20210.0890
 23-Feb-20210.0042
 16-Feb-20210.1327
 09-Feb-20210.0205
 27-Jan-20210.0437
 05-Jan-20210.1356
 29-Dec-20200.0940
 22-Dec-20200.0463
 15-Dec-20200.0481
 08-Dec-20200.0359
 01-Dec-20200.0872

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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