January 22, 2024
mayank
Aditya Birla (ABSL) Medium Term Plan details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 33.5518
Quarterly NAV IDCW: Rs 12.6085
NAV IDCW: Rs 16.6341
Suitable For Which Investors?
“Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy:
The Scheme seeks to generate regular income and capital appreciation by predominantly investing in a portfolio of debt securities with medium term maturity.
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) | 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 | For units in excess of 15% of the investment, 2% will be charged for redemption Within 365 days |
| For units in excess of 15% of the investment, 1% will be charged for redemption After 366 days and Within 730 days |
Basic Details of Aditya Birla (ABSL) Medium Term Plan
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 9.40% |
| Benchmark | CRISIL Medium Duration Debt C-III Index |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 1,897 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.85% |
| (As on 31-Dec-2023) | |
| Risk Grade | Below Average |
| Return Grade | High |
Trailing Returns (%) of Aditya Birla (ABSL) Medium Term Plan
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Medium Term Dir | 0.33 | 0.00 | 0.53 | 2.25 | 3.17 | 7.66 | 13.37 | 8.89 | 8.27 | 9.23 |
| VR Bond | 0.44 | 0.00 | 0.54 | 2.45 | 2.97 | 6.71 | 4.43 | 5.68 | 5.56 | 6.66 |
| Debt: Medium Duration | 0.39 | -0.01 | 0.58 | 2.25 | 3.14 | 7.26 | 6.10 | 6.15 | 6.60 | 8.06 |
| Rank within category | 12 | 7 | 11 | 8 | 9 | 3 | 1 | 1 | 1 | 1 |
| Number of funds in category | 16 | 16 | 16 | 16 | 16 | 16 | 15 | 13 | 12 | 7 |
Peer Comparison of Aditya Birla (ABSL) Medium Term Plan
| 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 Medium Term Dir | 5 star | 7.66 | 13.37 | 8.89 | 0.85 | 1,897 | 9.40 | 2.00 (365) | 11Y |
| ICICI Pru Medium Term Bond Dir | 4 star | 7.66 | 6.39 | 7.94 | 0.74 | 6,448 | 8.46 | 1.00 (365) | 11Y |
| Axis Strategic Bond Dir | 4 star | 7.88 | 6.30 | 7.48 | 0.35 | 1,945 | 8.55 | 1.00 (365) | 11Y |
| HSBC Medium Duration Dir | 4 star | 7.64 | 5.71 | 7.14 | 0.40 | 683 | 7.75 | — | 8Y 11M |
| SBI Magnum Medium Duration Dir | 3 star | 7.64 | 5.56 | 8.05 | 0.69 | 6,803 | 8.99 | 1.50 (365) | 11Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 61 | 33 |
| Macaulay Duration (yrs) | 3.82 | 3.54 |
| Average Maturity (yrs) | 5.95 | 5.01 |
| Yield to Maturity (%) | 8.14 | 7.88 |
| Avg Credit Rating | AAA | — |
How to Invest in Aditya Birla (ABSL) Medium Term Plan?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Medium Term Plan
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