December 28, 2023
mayank
Aditya Birla (ABSL) Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 100.8508
Monthly NAV IDCW: Rs 12.4558
NAV Discipline Advantage Plan: Rs 11.4872
Suitable For Which Investors?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). 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 optimal returns with high liquidity through active management of the portfolio by investing in High Quality Debt and Money Market Instruments.
Fund Manager:
1) 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) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Aditya Birla (ABSL) Corporate Bond Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.18% |
| Benchmark | NIFTY Corporate Bond Index B-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 17,698 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.31% |
| (As on 30-Nov-2023) | |
| Risk Grade | Average |
| Return Grade | Above Average |
Aditya Birla (ABSL) Corporate Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Corp Bond Dir | 7.36 | -0.01 | 0.82 | 1.59 | 3.40 | 7.38 | 5.31 | 7.48 | 7.34 | 8.15 |
| VR Bond | 6.84 | 0.00 | 0.92 | 1.41 | 2.78 | 6.99 | 4.29 | 5.55 | 5.59 | 6.75 |
| Debt: Corporate Bond | 7.03 | 0.00 | 0.80 | 1.58 | 3.17 | 7.09 | 4.85 | 6.95 | 6.85 | 7.87 |
| Rank within category | 6 | 18 | 10 | 11 | 2 | 6 | 4 | 5 | 2 | — |
| Number of funds in category | 21 | 22 | 22 | 22 | 22 | 21 | 19 | 17 | 13 | 10 |
Peer Comparison of Aditya Birla (ABSL) Corporate Bond 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 Corp Bond Dir | 4 star | 7.38 | 5.31 | 7.48 | 0.31 | 17,698 | 8.18 | — | 10Y 11M |
| ICICI Pru Corp Bond Dir | 5 star | 7.77 | 5.68 | 7.57 | 0.32 | 24,468 | 8.19 | — | 10Y 11M |
| Axis Corp Debt Dir | 4 star | 7.48 | 5.44 | 7.06 | 0.29 | 4,828 | 7.35 | — | 6Y 5M |
| Nippon Ind Corp Bond Dir | 5 star | 7.51 | 5.78 | 7.08 | 0.34 | 2,388 | 7.90 | — | 10Y 11M |
| Franklin Ind Corp Debt Dir | 4 star | 7.14 | 5.07 | 6.88 | 0.20 | 767 | 8.36 | — | 10Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 167 | 69 |
| Macaulay Duration (yrs) | 3.35 | 2.72 |
| Average Maturity (yrs) | 4.50 | 3.61 |
| Yield to Maturity (%) | 7.87 | 7.74 |
| Avg Credit Rating | AAA | — |
How to Invest in Aditya Birla (ABSL) Corporate Bond Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Corporate Bond Fund
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