Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth

Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth

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Debt
Direct
Floating Rate
NAV: ₹ 327.37 as on 28-05-2024

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 ₹12773 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.
Fund Performance
zero opening, trading, fund transfer fee
155 people have invested ₹ 35.4L in Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth in the last three months

Overview

Expense ratio
Expense ratio
0.23%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹12773 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
700.74%

Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
64.8%
Government
27.3%
Cash Equivalent
7%
Securitize
0.9%

Top Holdings of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth as on (30-Apr-24)

  • Debt & Cash

Debt Holdings160
Holdings
Weight%
1M Change
8.34% Govt Stock 2033
8.34% Govt Stock 2033
8.37%
0%
LIC Housing Finance Ltd
LIC Housing Finance Ltd
3.4%
100%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
3.1%
14.1%
Hdb Financial Services Limited
Hdb Financial Services Limited
2.33%
0%
Bajaj Housing Finance Ltd. 8.1%
Bajaj Housing Finance Ltd. 8.1%
2%
0%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 12.2K Cr
₹ 11.4K Cr
₹ 11.7K Cr
  • AUM of the fund stands at 12.2K Cr as of Apr'24
  • AUM increased by 806.7 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 6.66% return, outperforming this fund by 0.52% per annum.
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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 0.6%.
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In the last 1 year, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 8.66% return, outperforming this fund by 0.87%.
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In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.44% return, outperforming this fund by 0.68% per annum.
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Over the last 6 months, this fund has experienced a 2.6% drop in AUM moving from 13.11K Cr to 12.77K Cr.

Fund Manager

Kaustubh Gupta
Kaustubh Gupta
Fund Manager of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth, since 20 June 2014
Harshil Suvarnkar
Harshil Suvarnkar
Fund Manager of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth, since 22 March 2021

Aditya Birla Sun Life Floating Rate Fund Direct Plan 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 7.97% since inception which is more than its category average return of 5.1%
AUM size ₹12773 Cr

AUM size ₹12773 Cr

This fund has AUM of ₹12773 Cr which is more than its category average of ₹ 4697 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 0.56%

Frequently Asked Questions

The current NAV of Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth is ₹327.37 as on 28-May-2024.
Existing (Absolute + CAGR) as on 28-May-2024.
Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.63%
0.63%
6 Month Returns
4.12%
4.12%
1 Year Returns
7.79%
7.79%
3 Years Returns
19.58%
6.14%
5 Years Returns
38.68%
6.76%
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 April 2024
₹12773 Cr as on April 2024
8.34% Govt Stock 2033(8.37%), LIC Housing Finance Ltd(3.4%), National Bank For Agriculture And Rural Development(3.1%), Hdb Financial Services Limited(2.33%), Bajaj Housing Finance Ltd. 8.1%(2%) as on April 2024
Corporate(63.59%), Government(26.65%), Cash Equivalent(8.86%) as on April 2024
Yield to Maturity is 7.79 as on April 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 1.15 as on April 2024. 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%