January 22, 2024
mayank
Aditya Birla (ABSL) Long Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 11.2693
NAV IDCW: Rs 10.4788
Suitable For Which Investors?
“Long Duration debt funds invest mainly in bonds maturing in more than seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they can be fairly volatile in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with a long investment horizon of seven years or more may consider investing at least some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss is substantially reduced if you invest for seven years and more.”
Fund’s Investment Strategy:
The scheme seeks to generate optimal returns while maintaining balance of yield, safety and liquidity. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall be made in Debt & Money Market Instruments.
Fund Manager:
1) Bhupesh Bameta
Education: Mr. Bameta has done B.Tech (IIT Kanpur), CFA Charterholder (CFA Institute, USA)
Experience: Prior to joining Aditya Birla Sun Life Mutual Fund as an Analyst, Fixed Income. He was the Head of Research in Forex and Rates Desk at Edelweiss Securities Limited, covering global and Indian forex markets and economies. He was also associated with Quant Capital for 6 years as an Economist and was covering Indian and global economy and markets.
2) Harshil Suvarnkar
Education: Mr. Suvarnkar has doneB.Com, Masters in Management Studies (Finance) and Post Graduate Diploma in Securities Law.
Experience: Prior to Joining Aditya Birla Sun Life MF, he has worked with Indiabulls Housing Finance Limited.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Aditya Birla (ABSL) Long Duration Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 08-Aug-22 |
| Return Since Launch | 8.59% |
| Benchmark | NIFTY Long Duration Debt Index A-III |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 83 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.41% |
| (As on 31-Dec-2023) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Aditya Birla (ABSL) Long Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Long Duration Dir | 0.50 | 0.10 | 0.61 | 2.86 | 2.36 | 7.82 | — | — | — | — |
| VR Bond | 0.44 | 0.00 | 0.54 | 2.45 | 2.97 | 6.71 | — | — | — | — |
| Debt: Long Duration | 0.56 | 0.05 | 0.49 | 3.22 | 2.40 | 7.20 | — | — | — | — |
| Rank within category | 4 | 3 | 2 | 7 | 5 | 1 | — | — | — | — |
| Number of funds in category | 7 | 7 | 7 | 7 | 7 | 5 | 2 | 2 | 1 | 1 |
Peer Comparison of Aditya Birla (ABSL) Long Duration Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| ABSL Long Duration Dir | Unrated | 7.82 | — | — | 0.41 | 83 | 8.59 | — | 1Y 5M |
| Nippon Ind Nivesh Lakshya Dir | Unrated | 7.00 | 3.87 | 7.89 | 0.30 | 6,678 | 8.69 | 1.00 (30) | 5Y 6M |
| HDFC Long Duration Debt Dir | Unrated | — | — | — | 0.25 | 1,498 | 7.38 | — | 1Y |
| SBI Long Duration Dir | Unrated | 7.45 | — | — | 0.23 | 1,096 | 8.19 | 0.25 (90) | 1Y 1M |
| ICICI Pru LT Bond Dir | Unrated | 6.97 | 3.62 | 7.04 | 0.76 | 664 | 7.99 | — | 11Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 17 | 8 |
| Macaulay Duration (yrs) | 8.78 | 10.18 |
| Average Maturity (yrs) | 18.06 | 23.04 |
| Yield to Maturity (%) | 7.55 | 7.48 |
| Avg Credit Rating | AAA | — |
How to Invest in Aditya Birla (ABSL) Long Duration Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Long Duration Fund
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