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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 6.77 0.01 0.16 0.75 1.56 4.43 7.93 7.64 7.65 7.99 8.19
CCIL T Bill Liquidity Weight 2.70 0.02 0.06 0.24 0.60 1.32 3.29 3.94 4.14 4.58 4.77
Debt: Low Duration 5.43 0.00 0.14 0.64 1.30 4.75 6.31 5.09 6.12 6.72 7.44
Rank within category 5 9 3 5 5 7 5 5 6 7 8
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 21-Oct-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 7.93 7.64 7.65 1.22 13,927
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 8.50 7.98 8.14 0.55 19,922
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 7.17 7.55 7.60 1.10 9,746
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 8.44 7.87 8.08 1.12 8,418
Axis Treasury Advantage Fund
5 star
Oct-09 7.70 7.83 7.73 0.61 8,146

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 7.33 0.97 2.34 5.42 0.68 3.05
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Low Duration 5.14 4.37 1.09 2.26 -0.74 -0.78
Rank within category 5 6 8 3 14 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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 194 196 110 53
Modified Duration (yrs) 0.92 1.08 0.75 0.79
Average Maturity (yrs) 1.06 1.30 0.86 0.90
Yield to Maturity (%) 5.03 7.17 4.98 4.79
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 8.12% GOI 2020 Central Government Loan SOV 0.00 - 4.71 4.71
equal National Bank Agr. Rur. Devp 235-D 02/03/2021 Commercial Paper A1+ 0.00 - 3.53 3.25
new BPCL 25-D 26/10/2020 Commercial Paper A1+ 0.00 - 2.87 2.87
equal 8.97% Shriram Transport Finance 15/03/2021 Debenture AA+ 0.00 - 4.22 2.49
equal 7.56% Andhra Pradesh State 14/02/2021 State Development Loan SOV 0.00 - 2.00 1.82
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 1.84 1.69
equal 7.07% Punjab State 28/12/2020 State Development Loan SOV 0.00 - 2.03 1.61
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 2.63 1.56
equal 6.74% Cholamandalam Invest. & Fin. 17/08/2021 Debenture AA+ 0.00 - 1.80 1.45
new IIFL Finance 8-D 09/10/2020 Commercial Paper A1+ 0.00 - 1.43 1.43
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 1.14 - 2.18 1.29
equal 8.35% REC 13/03/2022 Debenture AAA 1.02 - 2.05 1.21
up HDB Financial Services 29/10/2021 Bonds/NCDs AAA 0.00 - 1.20 1.20
up 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 1.19 1.19
up 7.61% HUDCO 22/06/2022 Debenture AAA 0.34 - 2.39 1.17
up 5.47% Power Finance Corp. 19/08/2023 Debenture AAA 0.00 - 1.15 1.15
equal 8.95% Maharashtra State 2022 State Development Loan SOV 0.00 - 1.26 1.14
equal 5.78% Orissa State 18/02/2022 State Development Loan SOV 0.00 - 1.20 1.10
equal RBL Bank 2020 Certificate of Deposit A1+ 0.00 - 1.16 1.08
equal National Bank Agr. Rur. Devp 2021 Commercial Paper A1+ 0.00 - 1.06 1.06
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 1.78 1.06
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 1.31 1.06
equal Larsen & Toubro 305-D 15/03/2021 Commercial Paper A1+ 0.00 - 1.80 1.06
down 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 1.45 1.05
new Reliance Industries 283-D 11/06/2021 Commercial Paper A1+ 0.00 - 1.05 1.05

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-Sep-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:


0.01%

Change from previous, NAV as on 21-Oct-2020

Growth: ₹ 507.9549

Dividend Weekly: ₹ 101.2119

Dividend Daily: ₹ 100.9660


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: 7.51%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 13,927 Cr (As on 30-Sep-2020)
Expense: 1.22% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily19-Oct-20200.0630

 16-Oct-20200.0458
 15-Oct-20200.0139
 14-Oct-20200.0356
 13-Oct-20200.0336
 12-Oct-20200.0490
 09-Oct-20200.0452
 08-Oct-20200.1133
 07-Oct-20200.0366
 06-Oct-20200.0343
 05-Oct-20200.0385
 01-Oct-20200.0659
 30-Sep-20200.0404
 29-Sep-20200.0461
 25-Sep-20200.0355
 24-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
Dividend Weekly20-Oct-20200.1927

 13-Oct-20200.2794
 06-Oct-20200.1916
 29-Sep-20200.0490
 22-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

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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