December 12, 2023
mayank
Aditya Birla (ABSL) Crisil IBX Gilt April 2023 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the ABSL Crisil IBX Gilt April 2023 Index Fund Open Date, Close Date?
NFO opens on December 15, 2023
NFO will close on December 21, 2023
What is Fund Investment Strategy?
The scheme seeks to generate returns corresponding to the total returns of the securities as represented by the CRISIL IBX Gilt Index April 2033 before expenses, subject to tracking errors.
Basic Details of Aditya Birla (ABSL) Crisil IBX Gilt April 2023 Index Fund?
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Issue Open | 15 December 2023 |
| Issue Close | 21 December 2023 |
| 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 Gilt – April 2033 |
What is the Benchmark Index?
CRISIL-IBX Gilt Index – April 2033 seeks to track the performance of gilt issuers maturing between 1st May 2032 to 29th April 2033. The index shall mature on 29th April 2033.
Asset Allocation
• Government Bonds: 100%
Features:
1. Total Return Index seeking to capture price and coupon returns of the underlying portfolio.
2. It’s a target date index which follows a roll-down approach.
3. The index uses a buy and hold strategy wherein the portfolio of G-sec is held till maturity unless they become ineligible.
4. Index portfolio marked-to-market on a daily basis using CRISIL Gilt and T-Bills valuations
5. Inception Date of Index: 23rd September 2022.
Key Characteristics:
● Replicability: The index constituents are valued on a daily basis. This lends the index a realistic approach by having the valuations close to the market levels.
Methodology:
1. Weights of the G-sec securities and T-bills Securities in the Index will be 98% and 2% respectively.
2. Securities Selection methodology in G-Sec are as follows:
- All securities selected will have a maturity date in the eligible period of G-sec which is from 06 September 2027 to 05 April 2028.
- All Securities are selected on the basis of Amount Outstanding.
- Minimum Amount Outstanding should be Rs. 25000 crores.
- Weights to individual securities will be calculated in the ratio of amount outstanding (30% weightage) and liquidity score (70% weightage).
- Eligible securities will be added on a 6 monthly basis and weights will be redistributed based on ratio of amount outstanding (30% weightage) and liquidity score (70% weightage).
- Surrogate bonds (namely Food Corporation of India bonds, Oil bonds, Fertilizer bonds and UTI Special Bonds), STRIPS and Floating rate bonds shall be kept out of the purview of the selection process.
3. Securities Selection methodology in T-Bills are as follows to Link: Study about Benchmark Index in details
Portfolio as on 01 Nov 2023
| Asset Class | ISIN | Instrument Name | Maturity | Amount Outstanding (Rs. Cr.) | Weights |
| Gilt | IN0020170174 | 07.17% CGL 2028 | 08-Jan-28 | 1,15,583.73 | 67.28% |
| IN0020070069 | 08.28% CGL 2027 (Recaptalised Bond) | 21-Sep-27 | 91,866.43 | 30.72% | |
| T-Bill | IN002023X302 | TB – 18/01/24 – 91D | 18-Jan-24 | 0.67% | |
| IN002023X294 | TB – 11/01/24 – 91D | 11-Jan-24 | 0.67% | ||
| IN002023X286 | TB – 01/01/24 – 91D | 04-Jan-24 | 0.67% |
Performance Review of the Fund Manager of ABSL Crisil IBX Gilt April 2023 Index Fund?
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.
Past Performance of his Schemes
| Fund | Aditya Birla Sun Life Government Securities Fund | It’s Benchmark | Aditya Birla Sun Life Income Fund | It’s Benchmark |
| 1 Year | 6.06 | 6.87 | 5.78 | 6.48 |
| 3 Year | 3.91 | 3.85 | 4.15 | 4.11 |
| 5 Year | 7.02 | 7.51 | 7.00 | 5.63 |
| 7 Year | 6.26 | 6.40 | 5.75 | 5.42 |
| 10 Year | 8.74 | 8.69 | 7.66 | 6.72 |
Which Company Owns ABSL Crisil IBX Gilt April 2023 Index Fund?
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
Should I Invest in Aditya Birla Sun Life Crisil IBX Gilt April 2023 Index Fund?
Guidance for ABSL Crisil IBX Gilt April 2023 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
Will Post Soon
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