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4 star

Aditya Birla Sun Life Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 0.19 0.02 0.11 0.31 0.73 1.71 3.70 6.38 6.52 7.04 7.61
CCIL T Bill Liquidity Weight 0.09 0.02 0.03 0.21 0.49 1.07 2.12 3.13 3.51 3.93 4.43
Debt: Low Duration 0.16 0.01 0.10 0.27 0.74 1.90 3.82 4.23 5.23 6.05 7.05
Rank within category 4 9 4 4 14 8 7 5 4 5 7
Number of funds in category 23 23 23 23 23 23 23 23 22 20 18

As on 14-Jan-2022

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 3.70 6.38 6.52 1.23% 15,125
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 3.76 6.91 6.98 0.52% 26,625
HDFC Low Duration Fund  | Invest Online
4 star
Nov-99 3.69 6.48 6.44 1.04% 19,527
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 3.58 6.44 6.74 1.18% 10,161
Nippon India Low Duration Fund  | Invest Online
4 star
Mar-07 4.24 6.03 6.41 1.02% 9,905

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 3.43 05-Jan-2021 - 05-Jan-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.27 1.08 2.36 5.39 1.26 3.30
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Debt: Low Duration 4.46 4.36 1.22 2.76 -0.84 0.22
Rank within category 6 6 5 6 17 4
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-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 157 198 157 56
Modified Duration (yrs) 0.63 0.89 0.59 0.67
Average Maturity (yrs) 1.06 1.15 0.84 0.90
Yield to Maturity (%) 4.82 4.82 4.32 4.67
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 8.35% GOI 2022 GOI Securities SOV 3.77 - 5.71 5.71
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 3.26 3.26
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 3.21 3.21
equal 8.92% Madhya Pradesh State 2022 State Development Loan SOV 0.00 - 2.86 2.86
equal 6.58% Orissa State 24/03/2022 State Development Loan SOV 0.00 - 2.66 2.66
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 2.47 2.47
equal Shriram Transport Finance Company 16/06/2023 Non Convertible Debenture AA+ 0.00 - 2.10 2.10
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 1.07 - 2.08 2.08
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 1.65 1.65
new Bank of Baroda 18/04/2022 Certificate of Deposit A1+ 0.00 - 1.63 1.63
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 0.00 - 1.59 1.59
equal 6.90% REC 30/06/2022 Debenture AAA 1.05 - 1.41 1.41
equal 9.25% Shriram City Union Finance 28/05/2024 Debenture AA 0.11 - 1.36 1.36
equal 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 1.33 1.33
equal 4.75% Haryana State 2022 State Development Loan SOV 0.00 - 1.33 1.33
equal Reserve Bank of India 364-D 11/03/2022 Treasury Bills SOV 0.00 - 1.31 1.31
equal 7.18% National Bank Agr. Rur. Devp 2022 Non Convertible Debenture AAA 0.67 - 1.24 1.24
equal 4.66% Bajaj Finance 2022 Debenture AAA 0.85 - 1.28 1.15
equal Axis Bank 27/04/2022 Certificate of Deposit A1+ 0.00 - 1.14 1.14
equal 8.20% Power Finance Corporation 27/05/2022 Non Convertible Debenture AAA 0.85 - 1.15 1.14
up 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.19 - 1.14 1.14
equal 4.85% Bajaj Housing Finance 2022 Debenture AAA 0.83 - 1.12 1.12
equal 7.61% Housing & Urban Development Corporation 22/06/2022 Debenture AAA 0.78 - 1.04 1.04
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 0.98 0.98
equal Bajaj Housing Finance 365-D 19/07/2022 Commercial Paper A1+ 0.00 - 0.97 0.97

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-Dec-2021

Fund Manager

— 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 14-Jan-2022

Growth: ₹ 531.3702

IDCW Weekly: ₹ 101.0399

IDCW Daily: ₹ 100.2694


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

Min. Investment (₹) 100
Min. Addl Investment (₹) 100
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 1
Min. 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: 7.31%
Benchmark: NIFTY Low Duration Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 15,125 Cr (As on 31-Dec-2021)
Expense: 1.23% (As on 30-Nov-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jan-20220.0168

 13-Jan-20220.0196
 12-Jan-20220.0201
 11-Jan-20220.0316
 10-Jan-20220.0263
 07-Jan-20220.0198
 06-Jan-20220.0146
 05-Jan-20220.0114
 04-Jan-20220.0037
 03-Jan-20220.0272
 31-Dec-20210.0168
 30-Dec-20210.0112
 29-Dec-20210.0183
 28-Dec-20210.0183
 27-Dec-20210.0264
 24-Dec-20210.0155
 23-Dec-20210.0366
 20-Dec-20210.0153
 15-Dec-20210.0037
 14-Dec-20210.0037
 13-Dec-20210.0367
 10-Dec-20210.0064
 09-Dec-20210.0064
 08-Dec-20210.0344
 07-Dec-20210.0058
IDCW Weekly11-Jan-20220.1046

 04-Jan-20220.0777
 28-Dec-20210.0687
 21-Dec-20210.0045
 14-Dec-20210.0601
 07-Dec-20210.0606
 30-Nov-20210.0220
 23-Nov-20210.0622
 16-Nov-20210.0631
 09-Nov-20210.1112
 26-Oct-20210.0211
 20-Oct-20210.0570
 12-Oct-20210.0981
 05-Oct-20210.0166
 28-Sep-20210.0220
 21-Sep-20210.0504
 14-Sep-20210.0437
 07-Sep-20210.0765
 31-Aug-20210.1003
 24-Aug-20210.0886
 17-Aug-20210.1133
 10-Aug-20210.0773
 03-Aug-20210.0687
 27-Jul-20210.0765
 20-Jul-20210.1346

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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