December 29, 2023
mayank
Aditya Birla (ABSL) CRISIL IBX 60:40 SDL+AAA PSU-Apr 2027 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 10.8491
NAV IDCW: Rs 10.8509
Suitable For Which Investors?
This is a fund that comes with a fixed maturity and invests in bonds whose maturity is in line with that of the fund. Upon the completion of the stated tenure, the fund is wound up and investors’ money is returned to them along with accumulated gains. They provide predictability (though not a guarantee) of returns because by staying invested till the end of its term, you can expect to get returns close to its ‘indicative yield’ at the time of making the investment.
They can be a viable option for fixed-income investors whose investment horizon matches the tenure of the fund. Such funds are more attractive when the interest rates are high, so as to ‘lock-in’ a high rate of return and benefit from it by staying invested for the entire fund tenure.
If you do decide to invest in them, remember that 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 returns corresponding to the total returns of the securities as represented by the CRISIL IBX 60:40 SDL + AAA PSU Index – April 2027 before expenses, subject to tracking errors.
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).
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 29-Mar-22 |
| Return Since Launch | 4.77% |
| Benchmark | CRISIL IBX 60:40 SDL + AAA PSU – April 2027 |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 1,519 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.20% |
| (As on 30-Nov-2023) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL CRISIL IBX 60:40 SDL+AAA PSU-Apr 2027 Dir | 6.98 | 0.00 | 0.84 | 1.71 | 3.04 | 7.04 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 4.35 | 0.02 | 0.42 | 1.16 | 2.15 | 4.43 | — | — | — | — |
| Debt: Target Maturity | 7.22 | 0.01 | 0.95 | 1.69 | 2.93 | 7.27 | — | — | — | — |
| Rank within category | 44 | 62 | 67 | 48 | 43 | 44 | — | — | — | — |
| Number of funds in category | 60 | 90 | 89 | 88 | 88 | 60 | 3 | 0 | 0 | 0 |
Peer Comparison of Aditya Birla (ABSL) CRISIL IBX 60:40 SDL+AAA PSU-Apr 2027 Index 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 CRISIL IBX 60:40 SDL+AAA PSU-Apr 2027 Dir | Unrated | 7.04 | — | — | 0.20 | 1,519 | 4.77 | — | 1Y 9M |
| SBI CPSE Bond + SDL Sep 2026 50:50 Dir | Unrated | 6.99 | — | — | 0.22 | 11,186 | 4.76 | 0.15 (30) | 1Y 11M |
| ABSL SDL + PSU Bond Sep 2026 60:40 Dir | Unrated | 7.04 | — | — | 0.20 | 10,660 | 4.40 | — | 2Y 3M |
| Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Dir | Unrated | 7.03 | — | — | 0.20 | 10,074 | 5.60 | 0.10 (30) | 2Y 9M |
| ICICI Pru Nifty PSU Bond + SDL Sep 2027 40:60 Index Dir | Unrated | 6.78 | — | — | 0.20 | 9,019 | 4.27 | — | 2Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 45 | 22 |
| Macaulay Duration (yrs) | 2.66 | 3.74 |
| Average Maturity (yrs) | 2.95 | 4.63 |
| Yield to Maturity (%) | 7.70 | 7.59 |
| Avg Credit Rating | AAA | — |
How to Invest in Aditya Birla (ABSL) CRISIL IBX 60:40 SDL+AAA PSU-Apr 2027 Index Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) CRISIL IBX 60:40 SDL+AAA PSU-Apr 2027 Index Fund
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