February 25, 2023
mayank
Guidance for Aditya Birla Sun Life (ABSL) Fixed Term Plan – Series UF (180 Days) NFO
by Paresh Gordhandas, C.A., Research Analyst.
Updated Soon
Aditya Birla Sun Life (ABSL) Fixed Term Plan – Series UF (180 Days) NFO
NFO opens on February 27, 2023
NFO will close on March 02, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
Basic Details
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Issue Open | 27 February 2023 |
| Issue Close | 02 March 2023 |
| Type | Closed-end |
| Category | Debt: Fixed Maturity |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Tenure (Days) | 180 |
| Riskometer | Low to Moderate |
| Benchmark | CRISIL Ultra Short Term Debt Index |
About Benchmark Index
CRISIL Ultra Short Term Debt Index seeks to track the performance of an ultra-short term debt portfolio comprising of Treasury Bills, short term AAA/AA rated corporate bonds, and A1+ rated Commercial Papers and Certificates of Deposit.
Features
● Total Return Index seeking to capture coupon and price returns of the underlying portfolio
● Base date for the Index: January 01, 1997
● Index portfolio marked-to-market on a daily basis using CRISIL debt valuations
● Index is fully invested at all points of time with no cash component
● Derived index from the following sub-indices
− CRISIL Composite CD Index
− CRISIL Composite CP Index
− CRISIL Composite T-Bill Index
− CRISIL AA Short Term Bond Index
− CRISIL AAA Short Term Bond Index
Key Characteristics
● Liquidity: The index seeks to capture the movement in a portfolio consisting of most liquid securities by using appropriate market representation
● 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
● Weights to corporate bonds will be fixed at 5% and that to T-Bills will be fixed at 10%
● Weights to sub-indices within corporate bonds and between CP CD indices will be distributed based on issuance
● Index valued on a daily basis using CRISIL debt Valuation services
CRISIL Ultra Short Term Debt Index: Asset Allocation – April 2017
| Sub Index | Weights (%) |
| CRISIL Composite CD Index | 17 |
| CRISIL Composite CP Index | 68 |
| CRISIL Composite T-Bill Index | 10 |
| CRISIL AAA Short Term Bond Index | 3 |
| CRISIL AA Short Term Bond Index | 2 |
CRISIL Ultra Short Term Debt Index Details – March 1, 2018
| Parameters | Values |
| Average Maturity (years) | 0.354 |
| Modified Duration (years) | 0.324 |
| Macaulay’s Duration (years) | 0.349 |
Fund Manager
1) Mohit Sharma
Education: Mr. Sharma is B Tech (IIT – Madras) and PGDCM (IIM Calcutta).
Experience: Prior to joining Aditya Birla Sun Life AMC, he ran his own healthcare-tech business (June 2012 – May 2015). he has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 – June 2011) and ICICI Bank Ltd (June 2006 – April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 – June 2006).
Past Performance of his Schemes
| Fund | Aditya Birla Sun Life Low Duration Fund | It’s Benchmark | Aditya Birla Sun Life Money Manager Fund | It’s Benchmark |
| 1 Year | 4.59 | 2.75 | 5.21 | 2.75 |
| 3 Year | 5.01 | 2.57 | 5.08 | 2.57 |
| 5 Year | 6.16 | 3.21 | 6.24 | 3.21 |
| 7 Year | 6.50 | 3.52 | 6.50 | 3.52 |
| 10 Year | 7.11 | 4.10 | 7.22 | 4.10 |
AMC:
Aditya Birla Sun Life AMC Ltd.
Address: One India Bulls Center – Tower 1, 17th Floor – Jupiter Mills Compound, 841 Senapati Bhawan, 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
*Post your MF questions @ sahifund.com/ask-me/
IPO Details & Guidance @ chanakyanipothi.com