January 18, 2024
mayank
Aditya Birla (ABSL) Income Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 119.6943
Quarterly NAV IDCW: Rs 13.9682
NAV IDCW: Rs 12.7197
Suitable For Which Investors?
“Medium to Long Duration debt funds invest mainly in bonds maturing in four to 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 may experience some degree of volatility 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 an investment horizon of more than three years may consider investing 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 reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy:
The scheme seeks to generate consistent income through superior yields on its investment at relatively moderate levels of risk through a diversified investment approach.
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.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Aditya Birla (ABSL) Income Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.85% |
| Benchmark | CRISIL Medium to Long Duration Debt A-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 1,758 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.69% |
| (As on 31-Dec-2023) | |
| Risk Grade | Average |
| Return Grade | Average |
Trailing Returns (%) of Aditya Birla (ABSL) Income Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Income Dir | 0.38 | -0.08 | 0.56 | 2.64 | 2.76 | 7.03 | 4.89 | 7.61 | 6.57 | 8.26 |
| VR Bond | 0.49 | 0.02 | 0.70 | 2.43 | 3.17 | 6.98 | 4.44 | 5.68 | 5.55 | 6.67 |
| Debt: Medium to Long Duration | 0.40 | -0.06 | 0.62 | 2.53 | 2.92 | 7.35 | 4.98 | 6.71 | 6.06 | 7.66 |
| Rank within category | 8 | 11 | 13 | 7 | 10 | 9 | 6 | 5 | 5 | 5 |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Peer Comparison of Aditya Birla (ABSL) Income 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 Income Dir | 3 star | 7.03 | 4.89 | 7.61 | 0.69 | 1,758 | 7.85 | — | 11Y |
| ICICI Pru Bond Dir | 4 star | 8.19 | 5.28 | 7.72 | 0.60 | 2,937 | 8.07 | — | 11Y |
| SBI Magnum Income Dir | 4 star | 7.76 | 5.45 | 8.12 | 0.81 | 1,709 | 8.11 | 1.00 (365) | 11Y |
| Kotak Bond Dir | 3 star | 7.99 | 4.86 | 7.88 | 0.64 | 1,790 | 7.71 | — | 11Y |
| HDFC Income Dir | 3 star | 7.51 | 4.51 | 6.49 | 0.80 | 710 | 7.12 | — | 11Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 35 | 16 |
| Macaulay Duration (yrs) | 6.82 | 6.18 |
| Average Maturity (yrs) | 9.68 | 9.70 |
| Yield to Maturity (%) | 7.35 | 7.48 |
| Avg Credit Rating | AAA | — |
How to Invest in Aditya Birla (ABSL) Income Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Income Fund
Apply Online: https://mutualfund.adityabirlacapital.com/help-centre/invest-now
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