January 18, 2024
mayank
Aditya Birla (ABSL) Government Securities Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 76.8634
NAV IDCW Quarterly: Rs 11.7194
Suitable For Which Investors?
“This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors’ money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.
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 income and capital appreciation through investments in government securities and T-Bills with medium-to-long term maturities.
Fund Manager:
1) Bhupesh Bameta
Education: Mr. Bameta has done B.Tech (IIT Kanpur), CFA Charterholder (CFA Institute, USA)
Experience: Prior to joining Aditya Birla Sun Life Mutual Fund as an Analyst, Fixed Income. He was the Head of Research in Forex and Rates Desk at Edelweiss Securities Limited, covering global and Indian forex markets and economies. He was also associated with Quant Capital for 6 years as an Economist and was covering Indian and global economy and markets.
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 |
| Exit Load | 0 |
| Lock-in Period | NA |
Basic Details of Aditya Birla (ABSL) Government Securities Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.83% |
| Benchmark | NIFTY All Duration G-Sec Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 1,391 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.46% |
| (As on 31-Dec-2023) | |
| Risk Grade | Above Average |
| Return Grade | Average |
Trailing Returns (%) of Aditya Birla (ABSL) Government Securities Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Government Securities Dir | 0.53 | -0.09 | 0.77 | 3.11 | 3.40 | 7.84 | 5.07 | 7.84 | 7.12 | 9.25 |
| CCIL All Sovereign Bond – TRI | 0.67 | 0.03 | 0.83 | 3.44 | 3.18 | 7.87 | 4.40 | 7.57 | 6.71 | 8.54 |
| Debt: Gilt | 0.46 | -0.07 | 0.67 | 2.76 | 3.16 | 7.57 | 4.79 | 7.52 | 6.59 | 8.56 |
| Rank within category | 6 | 16 | 3 | 3 | 4 | 7 | 8 | 10 | 7 | 4 |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 23 | 20 | 20 | 20 | 19 |
Peer Comparison of Aditya Birla (ABSL) Government Securities 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 Government Securities Dir | 3 star | 7.84 | 5.07 | 7.84 | 0.46 | 1,391 | 8.83 | — | 11Y |
| SBI Magnum Gilt Dir | 5 star | 7.92 | 5.70 | 8.56 | 0.46 | 7,782 | 9.24 | — | 11Y |
| ICICI Pru Gilt Dir | 5 star | 8.91 | 5.95 | 8.39 | 0.56 | 4,487 | 8.63 | — | 11Y |
| Kotak Gilt Inv Dir | 4 star | 8.43 | 5.18 | 8.23 | 0.45 | 2,984 | 8.32 | — | 11Y |
| Kotak Gilt Inv PF & Trust Dir | 4 star | 8.43 | 5.18 | 8.23 | 0.40 | 2,984 | 8.27 | — | 11Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 56 | 12 |
| Macaulay Duration (yrs) | 7.77 | 6.66 |
| Average Maturity (yrs) | 12.2 | 10.99 |
| Yield to Maturity (%) | 7.37 | 7.36 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Aditya Birla (ABSL) Government Securities Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Government Securities Fund
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