March 22, 2025
mayank
Aditya Birla (ABSL) Credit Risk Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 23.5954
NAV IDCW: Rs 13.1394
Bonus NAV: Rs 23.5946
Suitable For Which Investors?
“Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors’ money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy:
The scheme seeks to generate returns by predominantly investing in a portfolio of corporate debt securities with short to medium term maturities across the credit spectrum within the investment grade.
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).
2) Sunaina da Cunha
Education: Ms. Cunha is a B.Com (H) and MBA from FMS, Delhi.
Experience: Prior to joining Aditya Birla Sun Life Asset Management Company, she has worked with Aditya Birla Management Corporation Ltd.
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 | For units in excess of 15% of the investment, 3% will be charged for redemption within 365 days |
| For units in excess of 15% of the investment, 2% will be charged for redemption after 366 days and within 730 days | |
| For units in excess of 15% of the investment, 1% will be charged for redemption after 731 days and within 1095 days |
Basic Details of Aditya Birla (ABSL) Credit Risk Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 17-Apr-15 |
| Return Since Launch | 9.03% |
| Benchmark | CRISIL Credit Risk Debt B-II Index |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 964 Cr |
| (As on 28-Feb-2025) | |
| Expense | 0.67% |
| (As on 28-Feb-2025) | |
| Risk Grade | Low |
| Return Grade | Low |
Trailing Returns (%) of Aditya Birla (ABSL) Credit Risk Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Credit Risk Dir | 5.32 | -0.06 | 0.45 | 5.59 | 10.40 | 16.59 | 11.12 | 10.33 | 8.62 | — |
| CCIL T Bill Liquidity Weight | 1.12 | 0.05 | 0.38 | 1.19 | 2.25 | 4.80 | 4.13 | 3.42 | 3.65 | — |
| Debt: Credit Risk | 3.24 | 0.06 | 1.79 | 3.48 | 5.41 | 10.11 | 10.55 | 8.64 | 6.31 | — |
| Rank within category | 2 | 14 | 14 | 2 | 2 | 2 | 3 | 2 | 2 | — |
| Number of funds in category | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 12 |
Peer Comparison of Aditya Birla (ABSL) Credit Risk 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 Credit Risk Dir | 1 star | 16.59 | 11.12 | 10.33 | 0.67 | 964 | 9.03 | 3.00 (365) | 9Y 11M |
| Nippon India Credit Risk Dir | 4 star | 9.26 | 7.72 | 9.38 | 0.70 | 989 | 7.45 | 1.00 (365) | 12Y 2M |
| HDFC Credit Risk Debt Dir | 2 star | 8.41 | 7.10 | 8.13 | 1.02 | 7,252 | 8.80 | 1.00 (365) | 10Y 11M |
| ICICI Pru Credit Risk Dir | 2 star | 8.70 | 7.81 | 8.30 | 0.76 | 6,187 | 8.88 | 1.00 (365) | 12Y 2M |
| SBI Credit Risk Dir | 3 star | 8.85 | 7.82 | 7.98 | 0.89 | 2,259 | 8.63 | 3.00 (365) | 12Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 47 | 32 |
| Macaulay Duration (yrs) | 2.61 | 2.30 |
| Average Maturity (yrs) | 3.85 | 3.00 |
| Yield to Maturity (%) | 8.24 | 8.25 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Credit Risk Fund
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