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3 star

Aditya Birla Sun Life Government Securities Fund

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Debt: Gilt

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1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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cal

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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 -0.33 -0.18 -0.49 0.05 0.97 1.81 11.77 9.92 10.19 10.48 9.98
CCIL All Sovereign Bond - TRI -0.04 0.04 -0.30 0.10 2.26 2.33 13.01 10.96 10.11 10.46 9.37
Debt: Gilt -0.33 -0.18 -0.49 0.01 1.10 1.79 11.12 9.35 9.01 9.38 8.85
Rank within category 11 15 12 8 12 12 8 10 3 4 2
Number of funds in category 26 26 26 26 25 25 25 25 24 22 20

As on 15-Jan-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 Government Securities Fund  | Invest Online
3 star
 Oct-99 11.77 9.92 10.19 1.18 546
SBI Magnum Gilt Fund  | Invest Online
4 star
 Dec-00 11.40 9.82 9.84 0.95 4,396
IDFC Government Securities Fund - Investment Plan - Regular Plan
5 star
 Dec-08 14.00 11.41 10.11 1.24 2,215
Nippon India Gilt Securities PF
4 star
 Aug-08 11.43 10.45 10.24 1.71 1,777
Nippon India Gilt Securities Fund  | Invest Online
4 star
 Jul-03 11.41 10.45 10.24 1.58 1,777

Best & Worst Performance

Best (Period) Worst (Period)
Week 7.28 (11-Dec-2008 - 18-Dec-2008) -10.03 (02-Jan-2009 - 09-Jan-2009)
Month 17.24 (18-Nov-2008 - 18-Dec-2008) -9.84 (02-Jan-2009 - 03-Feb-2009)
Quarter 23.74 (03-Oct-2008 - 02-Jan-2009) -13.38 (05-Jan-2009 - 06-Apr-2009)
Year 27.39 (04-Dec-2000 - 04-Dec-2001) -12.18 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.60 4.01 1.21 2.04 0.76 0.42
CCIL All Sovereign Bond - TRI 10.60 4.83 1.21 2.04 -- --
Debt: Gilt 9.08 3.89 1.12 2.04 0.74 -0.01
Rank within category 10 16 11 15 16 11
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-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 12 17 11 13
Modified Duration (yrs) 6.18 7.70 4.71 6.17
Average Maturity (yrs) 8.59 12.58 6.68 8.83
Yield to Maturity (%) 5.92 6.75 5.92 5.64
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 5.77% GOI 2030 GOI Securities SOV 0.00 - 39.06 39.06
up 7.17% GOI 2028 GOI Securities SOV 0.65 - 18.56 18.56
down 7.88% GOI 19/03/2030 GOI Securities SOV 7.85 - 16.44 12.41
up 6.45% GOI 2029 GOI Securities SOV 5.46 - 24.00 6.63
up 8.24% GOI 15/02/2027 Central Government Loan SOV 0.00 - 11.64 6.25
new 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 5.73 5.73
equal 7.65% Uttar Pradesh State 15/04/2030 State Development Loan SOV 0.00 - 6.01 3.95
equal 8.68% Tamilnadu State 2028 State Development Loan SOV 0.94 - 4.79 1.05
down 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 29.05 0.91
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.31 - 48.06 0.34
equal 8.35% Jharkhand State 2028 State Development Loan SOV 0.08 - 0.20 0.09
equal 8.30% GOI 2040 Central Government Loan SOV 0.00 - 0.00 0.00
equal Others CBLO -- - 2.58

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-2020

Fund Manager

— Bhupesh Bameta since 06-Aug-2020

Education: Mr. Bameta has done B.Tech (IIT Kanpur), CFA Charterholder (CFA Institute, USA)

Experience: Prior to joining Aditya Birla Sun Life Mutual Fund as an Analyst, Fixed Income. He was the Head of Research in Forex and Rates Desk at Edelweiss Securities Limited, covering global and Indian forex markets and economies. He was also associated with Quant Capital for 6 years as an Economist and was covering Indian and global economy and markets.

Funds Managed:

— Pranay Sinha since 01-Apr-2017

Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.

Experience: Prior to joining BSLAMC , he has worked with BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).

Funds Managed:

Invest Online
-0.18%

Change from previous, NAV as on 15-Jan-2021

Growth: ₹ 63.4799

Dividend Quarterly: ₹ 11.5546

Investment Strategy

The scheme seeks to generate income and capital appreciation through investments in government securities and T-Bills with medium-to-long term maturities.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 11-Oct-1999
Return Since Launch: 9.07%
Benchmark: NIFTY All Duration G-Sec TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 546 Cr (As on 31-Dec-2020)
Expense: 1.18% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly15-Dec-20200.1421

 15-Sep-20200.1742
 15-Jun-20200.1664
 16-Mar-20200.1065
 16-Dec-20190.1075
 16-Sep-20190.1240
 17-Jun-20190.1241
 15-Mar-20190.1196
 17-Dec-20180.1197
 17-Sep-20180.0062
 15-Dec-20170.0526
 15-Sep-20170.2625
 15-Jun-20170.2524
 15-Mar-20170.1648
 15-Dec-20160.2841
 15-Sep-20160.2778
 15-Jun-20160.2760
 15-Mar-20160.0230
 15-Dec-20150.1817
 15-Sep-20150.2130
 15-Jun-20150.2875
 16-Mar-20150.2935
 15-Dec-20140.2794
 15-Sep-20140.3048
 16-Jun-20140.2955
Dividend Yearly11-Feb-20110.4216

 15-Mar-20100.8759
 16-Mar-20091.5767
 17-Mar-20081.2141
 15-Mar-20071.2892

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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