January 18, 2024
mayank
Aditya Birla (ABSL) Floating Rate Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 317.9483
Weekly NAV IDCW: Rs 100.4884
NAV IDCW Daily: Rs 100.3544
Suitable For Which Investors?
“This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.
They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that 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.
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 aims to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, it may also invest a portion of its net assets in fixed rate debt securities and money market instruments.
Fund Manager:
1) Harshil Suvarnkar
Education: Mr. Suvarnkar has done B.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) Floating Rate Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.95% |
| Benchmark | CRISIL Low Duration Debt |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 11,948 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.23% |
| (As on 31-Dec-2023) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
Trailing Returns (%) of Aditya Birla (ABSL) Floating Rate Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Floating Rate Dir | 0.34 | 0.01 | 0.69 | 1.82 | 3.62 | 7.76 | 5.67 | 6.80 | 6.96 | 7.76 |
| CCIL T Bill Liquidity Weight | 0.23 | 0.03 | 0.40 | 1.23 | 2.23 | 4.51 | 3.07 | 3.29 | 3.52 | 4.03 |
| Debt: Floater | 0.39 | 0.01 | 0.71 | 1.93 | 3.71 | 7.81 | 5.60 | 6.93 | 6.99 | 7.63 |
| Rank within category | 12 | 8 | 11 | 10 | 8 | 7 | 4 | 4 | 4 | 3 |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 12 | 8 | 6 | 5 | 5 |
Peer Comparison of Aditya Birla (ABSL) Floating Rate 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 Floating Rate Dir | 5 star | 7.76 | 5.67 | 6.80 | 0.23 | 11,948 | 7.95 | — | 11Y |
| HDFC Floating Rate Debt Dir | 4 star | 7.98 | 5.77 | 7.00 | 0.26 | 15,616 | 7.81 | — | 11Y |
| UTI Floater Dir | 4 star | 7.43 | 5.32 | 6.67 | 0.35 | 1,419 | 6.70 | — | 5Y 2M |
| ICICI Pru Floating Interest Dir | 3 star | 8.47 | 5.99 | 7.44 | 0.61 | 10,830 | 8.24 | — | 11Y |
| Nippon Ind Floating Rate Dir | 2 star | 7.56 | 5.44 | 7.31 | 0.31 | 7,242 | 7.89 | — | 11Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 143 | 46 |
| Macaulay Duration (yrs) | 1.03 | 1.59 |
| Average Maturity (yrs) | 1.11 | 3.96 |
| Yield to Maturity (%) | 7.87 | 7.88 |
| Avg Credit Rating | AAA | — |
How to Invest in Aditya Birla (ABSL) Floating Rate Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Floating Rate Fund
Apply Online: https://mutualfund.adityabirlacapital.com/help-centre/invest-now
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