Aditya Birla Sun Life Floating Rate Fund Direct Growth

Aditya Birla Sun Life Floating Rate Fund Direct Growth

Debt

Direct

Floating Rate

NAV as on 11-12-2024

₹ 341.48

Inception Returns

8%

/yr

About Aditya Birla Sun Life Floating Rate Fund Direct Growth

Aditya Birla Sun Life Floating Rate Fund Direct 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

  1. Aditya Birla Sun Life Floating Rate Fund Direct Growth has ₹13286 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

Aditya Birla Sun Life Floating Rate Fund Direct Growth has given a CAGR return of 7.98% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.24%, 6.88% and 6.69% respectively.

Holdings

Aditya Birla Sun Life Floating Rate Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent, Securitize. Its top holdings are 7.93% Govt Stock 2033, LIC Housing Finance Ltd, National Bank For Agriculture And Rural Development, Hdb Financial Services Limited, Bajaj Housing Finance Limited

Taxation

As it is a floating rate mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Aditya Birla Sun Life Floating Rate Fund Direct Growth

The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 1000.00. Aditya Birla Sun Life Floating Rate Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
166 people have invested ₹ 23.2L in Aditya Birla Sun Life Floating Rate Fund Direct Growth in the last three months

Aditya Birla Sun Life Floating Rate Fund Direct Growth Overview

Expense ratio0.23%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹13286 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
443.04%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (11-Dec-24)

Period
Aditya Birla Sun Life Floating Rate Fund Direct Growth
Floating Rate Index
1M
0.5%
0.5%
3M
2%
1.9%
6M
4%
4.2%
1Y
8.2%
8.3%
3Y
6.9%
6.5%
5Y
6.7%
6.4%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
62.2%
Government
27.5%
Cash Equivalent
9.5%
Securitize
0.8%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 13.1K Cr
₹ 12.7K Cr
₹ 12.7K Cr
  • AUM of the fund stands at 13.1K Cr as of Oct'24
  • AUM increased by 460.6 Cr between Oct'24 and Sep'24
Cash allocation has gone down from 9.8% to 9.5%
Cash allocation has gone down from 9.8% to 9.5%
Debt allocation has gone up from 89.9% to 90.3%
Debt allocation has gone up from 89.9% to 90.3%

Top 3 Sectors in October were Financial Services, Corporate & Government

Oct'24
Financial Services
100%
Corporate
62%
Government
28%
Sep'24
Financial Services
100%
Corporate
66%
Government
28%
  • Debt & Cash

Holdings
Weight%
1M Change
7.93% Govt Stock 2033
7.93% Govt Stock 2033
7.77%
0%
LIC Housing Finance Ltd
LIC Housing Finance Ltd
3.12%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
3.08%
0%
Hdb Financial Services Limited
Hdb Financial Services Limited
2.26%
0%
Bajaj Housing Finance Limited
Bajaj Housing Finance Limited
1.94%
0%
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Harshil Suvarnkar
Harshil Suvarnkar
Fund Manager of Aditya Birla Sun Life Floating Rate Fund Direct Growth, since 22 March 2021
Kaustubh Gupta
Kaustubh Gupta
Fund Manager of Aditya Birla Sun Life Floating Rate Fund Direct Growth, since 20 June 2014
Fund House
Aditya Birla Sun Life AMC Ltd
Total AUM
₹3.89L Cr
as on 31-Oct-2024
Address
Aditya Birla Sun Life AMC Ltd,One World Centre, Tower 1, 17th Floor,Jupiter Mill Compound, 841, Senapati Bapat Marg,Elphinstone Road
Phone
+912243568000
Website
connect@birlasunlife.com

Mutual Fund Insights

Insights icon
In the last 1 year, DSP Floater Fund Direct Growth has given 9.86% return, outperforming this fund by 1.62%.
Insights icon
In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.38% return, outperforming this fund by 0.69% per annum.
Insights icon
Over the last 1 month, this fund has experienced a 4.7% growth in AUM moving from 12.68K Cr to 13.28K Cr.
Insights icon
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 0.56%.
Insights icon
In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.2% return, outperforming this fund by 0.32% per annum.

Aditya Birla Sun Life Floating Rate Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

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 5.6%
AUM size ₹13286 Cr

AUM size ₹13286 Cr

This fund has AUM of ₹13286 Cr which is more than its category average of ₹ 4634 Cr
Expense Ratio 0.23%

Expense Ratio 0.23%

This fund has an expense ratio of 0.23% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions for Aditya Birla Sun Life Floating Rate Fund Direct Growth

The current NAV of Aditya Birla Sun Life Floating Rate Fund Direct Growth is ₹341.48 as on 11-Dec-2024.
Existing (Absolute + CAGR) as on 11-Dec-2024.
Aditya Birla Sun Life Floating Rate Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.55%
0.55%
6 Month Returns
4.05%
4.05%
1 Year Returns
8.24%
8.24%
3 Years Returns
22.08%
6.88%
5 Years Returns
38.23%
6.69%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.23% as on November 2024
₹13286 Cr as on November 2024
7.93% Govt Stock 2033(7.77%), LIC Housing Finance Ltd(3.12%), National Bank For Agriculture And Rural Development(3.08%), Hdb Financial Services Limited(2.26%), Bajaj Housing Finance Limited(1.94%) as on November 2024
Corporate(68.81%), Government(23.35%), Cash Equivalent(7.08%) as on November 2024
Yield to Maturity is 7.44 as on November 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 1.19 as on November 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 Growth
The Exit load of Aditya Birla Sun Life Floating Rate Fund Direct Growth is 0%