October 23, 2024
mayank
Aditya Birla (ABSL) CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Aditya Birla (ABSL) CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund Open Date, Close Date?
NFO opens on November 04, 2024
NFO will close on November 12, 2024
What is the Investment Strategy?
The scheme seeks to generate returns corresponding to the total returns of the securities as represented by the CRISIL-IBX AAA Financial Services Index – Sep 2027 before expenses, subject to tracking errors.
Basic Details
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Issue Open | 04 November 2024 |
| Issue Close | 12 November 2024 |
| Type | Open-ended |
| Category | Debt: Target Maturity |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Moderate |
| Benchmark | CRISIL IBX AAA Financial Services – Sep 2027 |
What is the Benchmark Index?
| CRISIL-IBX AAA Financial Services Index – Sep 2027 | |
| Target Date | 30th September 2027 |
| Eligible Period | Securities maturing in 6-month period ending 30th September 2027 |
| Asset Allocation | AAA- Corporate Bonds: 100% |
| Base Date | 28th August 2024 |
| Base index value | 1000 |
Index objective:
Seeks to track the performance of AAA issuers from the financial services sector maturing near target date of the index. This is a sectoral index consisting of only issuers from financial services sector.
Eligibility criteria:
• AAA-rated corporate bond issuers in the financial services sector with conservative rating of AAA only based on liquidity, and the security nearest to index maturity.
• Issuing entity should be domiciled in India and should satisfy either of the following:
1) HFC issuers as available in the list mentioned on the nhb.org.in website with minimum outstanding amount of Rs.300 Cr in the eligible bonds of the issuer.
2) NBFC issuers as available in the RBI list of Non-Banking Financial Companies (NBFCs) with minimum Outstanding amount of Rs.300 Cr in the eligible bonds of the issuer.
3) Public Financial Institutions (PFIs) owned and managed by GOI as available in the RBI list of Public Financial Institutions (PFIs) with minimum outstanding amount of Rs.300 Cr in the eligible bonds of the issuer.
4) Private sector banks as per RBI with minimum outstanding amount of Rs.2,500 Cr in the eligible bonds of the issuer.
Study about Benchmark Index in details (Pages 97 to 100)
index-linked-products-methodology
SEBI Full Details–ADITYA BIRLA SUN LIFE CRISIL-IBX AAA FINANCIAL SERVICES INDEX – SEP 2027 FUND
Performance Review of the Fund Managers of Aditya Birla CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund?
1) Harshil Suvarnkar
Education: Mr. Suvarnkar has done B.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.
Past Performance of his Schemes
| Fund | Aditya Birla Sun Life Equity Savings Fund | It’s Benchmark | Aditya Birla Sun Life Floating Rate Fund | It’s Benchmark |
| 1 Year | 11.06 | 16.55 | 8.15 | 4.81 |
| 3 Year | 6.66 | 8.61 | 6.65 | 3.78 |
| 5 Year | 9.68 | 10.18 | 6.68 | 3.35 |
| 7 Year | 7.88 | 9.27 | 7.08 | 3.60 |
| 10 Year | — | — | 7.65 | 3.96 |
As on 23-10-2024
2) Vighnesh Gupta
Education: Mr.Gupta has done B.Com, CA and CFA
Experience: Prior to joining Aditya Birla Sun LIfe Mutual Fund, he has worked with different comapnies of Aditya Birla Group. He was also associated with E&Y
Past Performance of his Schemes
| Fund | Aditya Birla Sun Life US Treasury 1-3 year Bond ETFs FoF | It’s Benchmark | Aditya Birla Sun Life CRISIL 10 Year Gilt ETF | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 23-10-2024
Which Company Owns Aditya Birla (ABSL) CRISIL-IBX AAA Financial Services-Sep 2027?
Aditya Birla Sun Life AMC Ltd.
Address: One World Center, Tower 1, 17th Floor, Jupiter Mill Compound Senapati Bapat Marg, Elphinstone Road Mumbai – 400013
Website: http://mutualfund.adityabirlacapital.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Aditya Birla CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund NFO?
Guidance for Aditya Birla (ABSL) CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund by Paresh Gordhandas, C.A., Research Analyst.
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