January 3, 2024
mayank
Aditya Birla (ABSL) Fixed Maturity Plan-Series US (100 Days) details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Aditya Birla (ABSL) Fixed Maturity Plan-Series US (100 Days) Open Date, Close Date?
NFO opens on January 04, 2024
NFO will close on January 09, 2024
What is the Investment Strategy?
The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
Basic Details of Aditya Birla (ABSL) Fixed Maturity Plan-Series US (100 Days)?
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Issue Open | 04 January 2024 |
| Issue Close | 09 January 2024 |
| Type | Closed-end |
| Category | Debt: Fixed Maturity |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Tenure (Days) | 100 |
| Riskometer | Low to Moderate |
| Benchmark | CRISIL Ultra Short Term Debt Index |
What is the Benchmark Index of Aditya Birla (ABSL) Fixed Maturity Plan-Series US (100 Days)?
CRISIL Ultra Short Term Debt Index seeks to track the performance of an ultra-short term debt portfolio comprising of Treasury Bills, short term AAA/AA rated corporate bonds, and A1+ rated Commercial Papers and Certificates of Deposit.
Features
Total Return Index seeking to capture coupon and price returns of the underlying portfolio
(1) Base date for the Index : January 01, 1997
(2) Index portfolio marked-to-market on a daily basis using CRISIL debt valuations
(3) Index is fully invested at all points of time with no cash component
(4) Derived index from the following sub-indices
1. CRISIL Composite CD Index
2. CRISIL Composite CP Index
3. CRISIL Composite T-Bill Index
4. CRISIL AA Short Term Bond Index
5. CRISIL AAA Short Term Bond Index
Key Characteristics
● Liquidity: The index seeks to capture the movement in a portfolio consisting of most liquid securities by using
appropriate market representation
● Replicability: The index constituents are valued on a daily basis. This lends the index a realistic approach by
having the valuations close to the market levels
Methodology of Aditya Birla (ABSL) Fixed Maturity Plan-Series US (100 Days)
1. Weights to corporate bonds will be fixed at 5% and that to T-Bills will be fixed at 10%
2. Weights to sub-indices within corporate bonds and between CP CD indices will be distributed based on issuance
3. Index valued on a daily basis using CRISIL debt Valuation services
CRISIL Ultra Short Term Debt Index: Asset Allocation – April 2017
| Sub Index | Weights (%) |
| CRISIL Composite CD Index | 17 |
| CRISIL Composite CP Index | 68 |
| CRISIL Composite T-Bill Index | 10 |
| CRISIL AAA Short Term Bond Index | 3 |
| CRISIL AA Short Term Bond Index | 2 |
CRISIL Ultra Short Term Debt Index Details – March 1, 2018
| Parameters | Values |
| Average Maturity (years) | 0.354 |
| Modified Duration (years) | 0.324 |
| Macaulay’s duration (years) | 0.349 |
Study about Benchmark Index in details
CRISIL Indices Factsheet 01 Jan 2024
Performance Review of the Fund Manager of Aditya Birla (ABSL) Fixed Maturity Plan-Series US (100 Days)?
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).
Past Performance of his Schemes
| Fund | Aditya Birla Sun Life Low Duration Fund | It’s Benchmark | Aditya Birla Sun Life Money Manager Fund | It’s Benchmark |
| 1 Year | 6.73 | 4.50 | 7.45 | 4.50 |
| 3 Year | 4.83 | 3.03 | 5.38 | 3.03 |
| 5 Year | 6.06 | 3.31 | 6.14 | 3.31 |
| 7 Year | 6.26 | 3.53 | 6.49 | 3.53 |
| 10 Year | 6.94 | 4.04 | 7.06 | 4.04 |
Which Company Owns Aditya Birla (ABSL) Fixed Maturity Plan-Series US (100 Days)?
Aditya Birla Sun Life AMC Ltd.
Address: One World Center, Tower 1, 17th Floor, Jupiter Mill Compound Senapati Bapat Marg, Elphinstone Road Mumbai – 400013
Website: http://mutualfund.adityabirlacapital.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Should I Invest in Aditya Birla (ABSL) Fixed Maturity Plan-Series US (100 Days) NFO?
Guidance for Aditya Birla Sun Life (ABSL) Fixed Maturity Plan-Series US (100 Days) by Paresh Gordhandas, C.A., Research Analyst.
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