Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth
Debt
Direct
Floating Rate
NAV: ₹ 298.9 as on 24-03-2023
Fund Performance
136 people have invested ₹ 22.4L in mutual fund in the last three months
Fund Insights
In the last 1 year, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 6.22% return, outperforming Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth by 0.55%
In the last 3 years, Nippon India Floating Rate Fund Direct Plan Growth Plan has given 7.17% return, outperforming Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth by 0.61% per annum
In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.23% return, outperforming Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth by 0.38% per annum
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth has one of the lowest expense ratio in the category (floating rate). Its expense ratio is 0.23% which is lower than the category average expense ratio of 0.62%
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth Performance as on (24-Mar-23)
About the Fund
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kaustubh Gupta, Harshil Suvarnkar. This fund is suitable to keep your money safe.
Key parameters
1) Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth has a NAV of ₹298.8777 as on 24-03-2023.
2) Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth has ₹12171 Cr worth of assets under management (AUM) as on 31-01-2023 and is more than category average.
3) The fund has an expense ratio 0.23 %.
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth Overview
 | 0.23% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹12171 Cr |
 | 1 January, 2013 |
 | ₹1000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 134.73% |
Fund Distribution as on (28-Feb-23)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
45.9%
Cash Equivalent
30.1%
Government
24%
Top Holdings of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth as on (28-Feb-23)
Debt Holdings170
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 7.42 9/22/2033 12:00:00 Am | 4.69% | 11% | |
Reliance Industries Limited | 4.44% | 0% | |
Clearing Corporation Of India Limited | 3.66% | 0% | |
Sikka Ports & Terminals Limited | 3.29% | 0% | |
6.75 11/7/2024 12:00:00 Am | 2.78% | 14.3% |
See all
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.52% whereas the fund’s underlying benchmark Floating Rate Index returns stands at 0.46% as on Feb'23
- This fund outperformed Floating Rate Index by 0.07% in Feb'23
AUM Change
- AUM of the fund stands at 12.4K Cr as of Feb'23
- AUM decreased by 123.1 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
Sikka Ports & Terminals Limited's allocation increased from 0.08% to 3.29%
Fullerton India Credit Company Ltd's allocation increased from 0.34% to 2.67%
Nabha Power Limited's allocation increased from 0.8% to 2.58%
Top Stocks sold last month
Sikka Ports & Terminals Limited's allocation decreased from 3.29 % to 2.14 %
Housing Development Finance Corporation Limited's allocation decreased from 1.86 % to 1.75 %
Hdb Financial Services Limited's allocation decreased from 0.97 % to 0.88 %
Cash allocation has gone down from 51.7% to 50.7%
Debt allocation has gone up from 48.3% to 49.3%
Top 2 Sectors in February were Corporate, Government
Feb'23
Corporate
46%
Government
24%
Jan'23
Corporate
48%
Government
19%
Peer Analysis
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth Fund Manager
Kaustubh Gupta
Fund Manager of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth, since 14 June 2014
Top funds managed
Harshil Suvarnkar
Fund Manager of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth, since 22 March 2021
Top funds managed
Fund Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.97% since inception which is more than its category average return of 4.91%
AUM size ₹12171 Cr
This fund has AUM of ₹12171 Cr which is more than its category average of ₹ 5035 Cr
Expense Ratio 0.23%
This fund has an expense ratio of 0.23% which is less than its category average expense ratio of 0.56%
Frequently Asked Questions
The current NAV of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth is 298.65 as on 21-Mar-2023.
Existing (Absolute + CAGR)
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.59% | 0.59% |
6 Month Returns | 3.36% | 3.36% |
1 Year Returns | 5.79% | 5.79% |
3 Years Returns | 20.45% | 6.4% |
5 Years Returns | 39.18% | 6.84% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.23 as on February 2023
12171 Cr as on February 2023
Yield to Maturity is 7.86 as on February 2023. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.73 as on February 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Kaustubh Gupta,Harshil Suvarnkar are the fund managers of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth
The Exit load of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth is 0%