December 28, 2023
mayank
Aditya Birla (ABSL) Banking & PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 335.5892
Quarterly NAV IDCW: Rs 111.2785
Monthly NAV IDCW: Rs. 114.5739
NAV IDCW: Rs. 116.2785
Suitable For Which Investors?
“Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector undertakings (PSUs) and Public Financial Institutions (PFIs) in India.
Fund Manager:
1) 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.
2) Kaustubh Gupta
Education: Mr. Gupta is a B.Com and a Chartered Accountant.
Experience: Prior to joining Aditya Birla Sun Life AMC he has worked with ICICI Bank.
Investment Details
| Min. Investment (Rs) | 1,000 |
| 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) Banking & PSU Debt Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.46% |
| Benchmark | NIFTY Banking and PSU Debt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 8,132 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.36% |
| (As on 30-Nov-2023) | |
| Risk Grade | Average |
| Return Grade | Above Average |
Aditya Birla (ABSL) Banking & PSU Debt Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Banking & PSU Debt Dir | 7.15 | -0.01 | 0.81 | 1.64 | 3.26 | 7.20 | 5.07 | 7.27 | 7.10 | 8.34 |
| CCIL T Bill Liquidity Weight | 4.33 | 0.02 | 0.41 | 1.14 | 2.18 | 4.43 | 2.99 | 3.29 | 3.52 | 4.03 |
| Debt: Banking and PSU | 6.95 | 0.00 | 0.79 | 1.57 | 3.15 | 7.02 | 4.89 | 6.99 | 6.97 | 7.78 |
| Rank within category | 4 | 16 | 9 | 6 | 8 | 3 | 6 | 7 | 9 | 1 |
| Number of funds in category | 22 | 23 | 23 | 22 | 22 | 22 | 20 | 16 | 14 | 9 |
Peer Comparison of Aditya Birla (ABSL) Banking & PSU Debt 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 Banking & PSU Debt Dir | 4 star | 7.20 | 5.07 | 7.27 | 0.36 | 8,132 | 8.46 | — | 10Y 11M |
| Bandhan Banking & PSU Debt Dir | 4 star | 7.06 | 4.91 | 7.45 | 0.33 | 15,675 | 7.77 | — | 10Y 9M |
| Axis Banking & PSU Debt Dir | 4 star | 6.80 | 4.86 | 7.02 | 0.33 | 14,363 | 7.80 | — | 10Y 11M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 7.68 | 5.71 | 7.46 | 0.39 | 8,296 | 8.18 | — | 10Y 11M |
| HDFC Banking and PSU Debt Dir | 5 star | 7.26 | 5.07 | 7.32 | 0.39 | 6,383 | 7.95 | — | 9Y 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 179 | 52 |
| Macaulay Duration (yrs) | 3.11 | 2.93 |
| Average Maturity (yrs) | 5.59 | 4.39 |
| Yield to Maturity (%) | 7.74 | 7.69 |
| Avg Credit Rating | AAA | — |
How to Invest in Aditya Birla (ABSL) Banking & PSU Debt Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Banking & PSU Debt Fund
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