Formerly Birla Sun Life Sav Instl Gr
₹ 496.5125
NAV (Mar 15)
Ultra short funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 years₹ 496.5125
NAV (Mar 15)
Last 1Y | 7.4% |
Last 3Y | 5.6% |
Last 5Y | 6.2% |
Last 10Y | 7.4% |
Since Inception | 7.4% |
6 Month CAGR | 3.5% |
The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions,invest its net assets in fixed income securities,money market instruments,cash and cash equivalents.
Expense Ratio | 0.55 |
Launched (21y ago) | Apr 16, 2003 |
AUM in Crores | 12705.355 |
ISIN | INF209K01LZ1 |
Lock-in | No Lock-in |
Benchmark | NIFTY Ultra Short Duration Debt TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 0.5 |
Standard Deviation (5yr) | 0.7 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | 0.675 |
Sharpe Ratio (5yr) | 1.544 |
YTM | 8 |
of
for
with step up of
Asset | Returns | Total Corpus | Gains | CAGR |
---|---|---|---|---|
Aditya Birla Sun Life Savings Fund (Growth) | 8,50,655 | 1,18,043 | 6.2% | |
EPF | 9,00,761 | 1,68,149 | 8.50% | |
Property | 8,67,662 | 1,35,050 | 7.00% | |
PPF | 8,69,819 | 1,37,207 | 7.10% | |
Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
Gold | 8,46,471 | 1,13,859 | 6.00% | |
Savings Bank | 8,25,950 | 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
hdfc bank limited
4.7%nirma limited
3.9%reverse repo
3.9%icici bank limited
3.1%tata realty and infrastructure limited
2.8%Fund Name | Fund Size | Rolling Returns |
---|---|---|
₹ 52,980 cr | ||
₹ 14,765 cr | ||
₹ 13,853 cr | ||
₹ 12,705 cr | ||
₹ 9,602 cr |
Aditya Birla Sun Life AMC Ltd
Fund Name | Scripbox Opinion | Till Date CAGR | |
---|---|---|---|
- | 4.6% | ||
5.6% | 7.4% | ||
5.7% | 6.8% | ||
5.6% | 7.3% | ||
5.7% | 7.1% |
Aditya Birla Sun Life Savings Fund (Growth) is an open ended ultra-short term debt scheme. The scheme invests in instruments such that Macaulay duration of the portfolio is between 3 months and 6 months. The scheme invests in money market instruments or fixed income assets with maturities of less than six months, such as Treasury bills, commercial papers, and certificates of deposit.
Ultra-short-term funds offer reasonable returns while maintaining sufficient liquidity. Because of its short maturity, the fund is less susceptible to market interest rate fluctuations. During a rising interest rate environment, the fund has the potential to outperform other long-term debt funds in terms of growth.
The main goal is to earn a consistent income by investing in debt and money market instruments. The receipt of coupon payments or the acquisition and sale of securities in the underlying portfolio can both create income. The scheme will invest its net assets in fixed income securities, money market instruments, and cash and cash equivalents under normal market conditions.
With the goal of generating income, the corpus will be invested in financial instruments such as debt and money market securities, including derivatives, as well as other assets permitted by rules from time to time. The portfolio’s Macaulay duration will be between 3 and 6 months. If the scheme decides to invest in securitised debt, the Investment Manager intends for such investments to not exceed 50% of the Scheme’s corpus.
The scheme’s investment focus will be on discovering companies with a strong competitive position in good businesses and top-notch management. The investment strategy would focus on securities that consistently offer superior yields while posing a low risk.
Liquidity would be a major factor in portfolio development given the scheme’s nature. The program may revisit the above investment pattern in light of changing interest rates and asset liability management requirements. It’s likely that the portfolio will contain cash from time to time.
However, the portfolio will always follow the previously chosen overall investment allocation pattern. The weighted average period to maturity of a bond’s cash flows is known as the Macaulay duration. The weight of each cash flow is calculated by dividing the cash flow’s current value by the price. Portfolio managers who adopt an immunization strategy usually use Macaulay duration.
Aditya Birla Sun Life AMC Ltd launched Aditya Birla Sun Life Savings Fund (Growth) on 16th April 2003. The fund has been in existence for the past 19 years.
NAV and Returns – As of 15th April 2022, the Net Asset Value (NAV) of the scheme is Rs 440.45. The risk-o-meter of Aditya Birla Sun Life Savings Fund (Growth) is moderate risk. While investing an investor must understand that the principal amount invested will be at moderate risk. Since its inception during the past 19 years, the scheme has provided its investors with a return of 7.50%.
Investment Plans – The scheme offers both Regular plans and Direct plans. Under each Plan, the scheme offers the options of Daily IDCW Option (Reinvestment), Growth Option, and Weekly IDCW Option (Payout and Reinvestment).
Minimum Investment – The minimum amount for a lump sum investment is Rs 5,000. However, the minimum investment amount for SIP is Rs 1,000.
Expense Ratio – An expense ratio of 0.5% is charged on the units of the mutual funds.
Exit Load – When an investor switches from the Growth option to the IDCW option or vice versa within the Scheme’s various Plans, the scheme does not charge an exit load. If units are issued to unit holders on Reinvestments of IDCWs and allocated as Bonus units, the scheme will not charge an entrance or exit load. A switch from the Regular Plan to the Direct Plan or vice versa is not subject to exit load.
Fund Manager – Mr. Kaustubh Gupta, Ms. Sunaina da Cunha, and Ms. Monika Gandhi are managing the scheme. At Aditya Birla Sun Life AMC Limited, Kaustubh Gupta is the Co-Head of Fixed Income (ABSLAMC). Kaustubh has 17 years of investment expertise, having worked in treasury finance, liquidity management, and fund management in various capacities. Kaustubh leads the whole fixed income portfolio management as Co-Head. Prior to joining ABSLAMC in 2009, Kaustubh spent five years in the Asset Liability Management unit of ICICI Bank. Aditya Birla Sun Life AMC Limited’s Co-Head of Fixed Income is Sunaina da Cunha. She has 17 years of experience in fixed income fund management, with a specialization in bond structuring and credit operations. Sunaina leads AMC’s whole credit portfolio as Co-Head. She has been with the Aditya Birla Group since 2004 when she joined Aditya Birla Management Corporation Private Limited as a Group Management Trainee. Monika Gandhi has over 16 years of expertise in the banking and financial services industry. She started as a Senior Credit Analyst – Fixed Income at ABSLAMC in August 2017. She has been collaborating closely with other Fund Managers and investment team members.
Other details – There is no lock-in period for the scheme. So, an investor can redeem an investment anytime without any redemption limit. As of 14th April 2022, the AUM of Aditya Birla Sun Life Savings Fund (Growth) is Rs 14,667.698 cr. The fund benchmarks to the Nifty Ultra Short Duration Debt TR INR. The suitable investment horizon for an investor is 1 year to 5 years.
Scripbox recommends the scheme under the category of ultra short duration debt funds for an investment duration of 1 year to 5 years. The ultra-short category consists of highly liquid instruments which have a maturity of three to six months. Launched in 2001, the fund in terms of average assets under management at Rs. 16,987 crore, beats the rest of its category peers by a wide margin. The fund’s 3 year rolling returns for the last five years is 7.28%, which is among the top among its peers. The fund has consistently remained in the top quartile over multiple periods. Though the credit quality of the instruments is below average, the issuers are relatively strong. The market determined risk and the deviation in credit quality is one the lowest in the category.
Period | Returns |
10 Years | 7.90% |
5 Years | 6.60% |
3 Years | 6% |
1 Year | 4.10% |
Stock Holding | Percentage of Holding |
Housing Development Finance Corporation Limited | 4.10% |
Reliance Retail Ventures Limited | 3.40% |
Reliance Retail Ventures Limited | 3.30% |
National Bank For Agriculture And Rural Development | 2.90% |
4.75% Axis Bank Limited (30/06/2022) | 2.70% |
Reliance Retail Ventures Limited | 2.70% |
182 Days Treasury Bill 08-09-2022 | 2.70% |
Indusind Bank Limited | 2.30% |
Small Industries Development Bank Of India | 2% |
8.15% Govt Stock 2022 | 2% |
Can Fin Homes Limited | 2% |
others | 69.90% |
Aditya Birla Sun Life Savings Fund (Growth) is an ultra short duration debt fund. The principal amount invested will be at moderate risk. The main goal is to earn a consistent income by investing in debt and money market instruments. The receipt of coupon payments or the acquisition and sale of securities in the underlying portfolio can both create income. The scheme will invest its net assets in fixed income securities, money market instruments, and cash and cash equivalents under normal market conditions. The scheme is appropriate for investors looking for reasonable returns with short-term liquidity convenience, as well as investments in debt and money market instruments.
As of 14th April 2022, the expense ratio of Aditya Birla Sun Life Savings Fund (Growth) is 0.50%.
As of 14th April 2022, the AUM of Aditya Birla Sun Life Savings Fund (Growth) is Rs. 14,667.698 crores.
No, Aditya Birla Sun Life Savings Fund (Growth) does not charge an exit load. When an investor switches from the Growth option to the IDCW option or vice versa within the Scheme’s various Plans, the scheme does not charge an exit load. If units are issued to unitholders on Reinvestments of IDCWs and allocated as Bonus units, the scheme will not charge an entrance or exit load. A switch from the Regular Plan to the Direct Plan or vice versa is not subject to exit load.
The minimum amount for a lump sum investment is Rs 5,000. However, the minimum investment amount for SIP is Rs 1,000.
Mr. Kaustubh Gupta, Ms. Sunaina da Cunha, and Ms. Monika Gandhi are the fund managers of Aditya Birla Sun Life Savings Fund (Growth)