Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth
Debt
Direct
Floating Rate
NAV: ₹ 324.66 as on 16-04-2024
Fund Performance
158 people have invested ₹ 32.7L in Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth in the last three months
Mutual Fund Insights
In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.47% return, outperforming this fund by 0.67% per annum.
Over the last 6 months, this fund has experienced a 12.3% drop in AUM moving from 13.00K Cr to 11.40K Cr.
In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 6.69% return, outperforming this fund by 0.52% per annum.
This fund 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 0.61%.
In the last 1 year, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 8.85% return, outperforming this fund by 0.91%.
About the Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth
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 Harshil Suvarnkar, Kaustubh Gupta. This fund is suitable to keep your money safe.
Key Parameters
- Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth has ₹11409 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.2.
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth Overview
 | 0.23% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹11409 Cr |
 | 1 January, 2013 |
 | ₹1000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 700.74% |
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
60.1%
Government
31.7%
Cash Equivalent
7.2%
Securitize
1%
Top Holdings of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth as on (31-Mar-24)
Debt Holdings154
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 8.25% Govt Stock 2033 | 9.31% | 0% | |
National Bank For Agriculture And Rural Development | 3.03% | -1.4% | |
Small Industries Development Bank Of India | 2.88% | 0% | |
Hdb Financial Services Limited | 2.62% | 0% | |
Rural Electrification Corporation Limited | 1.96% | 0% |
See all
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 11.4K Cr as of Mar'24
- AUM decreased by 296.6 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth Fund Manager
Harshil Suvarnkar
Fund Manager of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth, since 22 March 2021
Top funds managed
Kaustubh Gupta
Fund Manager of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth, since 20 June 2014
Top funds managed
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth 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 7.98% since inception which is more than its category average return of 5.04%
AUM size ₹11409 Cr
This fund has AUM of ₹11409 Cr which is more than its category average of ₹ 4658 Cr
Expense Ratio 0.23%
This fund has an expense ratio of 0.23% which is less than its category average expense ratio of 0.57%
Frequently Asked Questions
The current NAV of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth is ₹324.66 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.82% | 0.82% |
6 Month Returns | 3.99% | 3.99% |
1 Year Returns | 7.94% | 7.94% |
3 Years Returns | 19.67% | 6.17% |
5 Years Returns | 38.94% | 6.8% |
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 March 2024
₹11409 Cr as on March 2024
8.25% Govt Stock 2033(9.31%), National Bank For Agriculture And Rural Development(3.03%), Small Industries Development Bank Of India(2.88%), Hdb Financial Services Limited(2.62%), Rural Electrification Corporation Limited(1.96%) as on March 2024
Corporate(60.08%), Government(31.7%), Cash Equivalent(7.21%) as on March 2024
Yield to Maturity is 7.93 as on March 2024. 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 1.07 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Harshil Suvarnkar, Kaustubh Gupta 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%