January 23, 2024
mayank
Aditya Birla (ABSL) Money Manager Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 335.2470
Weekly NAV IDCW: Rs 100.0770
NAV IDCW Daily: Rs 100.0200
Suitable For Which Investors?
“Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
Fund Manager:
1) Anuj Jain
Education: Mr. Jain is a B.Com (H) from Hansraj College and MBA from Amity Business School.
Experience: Prior to joining Escorts MF he has worked with Mata Securities and DSP Investment Managers.
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.
3) 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) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| 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) Money Manager Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.38% |
| Benchmark | NIFTY Money Market Index B-I |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 16,700 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.21% |
| (As on 31-Dec-2023) | |
| Risk Grade | — |
| Return Grade | Above Average |
Trailing Returns (%) of Aditya Birla (ABSL) Money Manager Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Money Manager Dir | 0.39 | 0.02 | 0.65 | 1.82 | 3.59 | 7.63 | 5.59 | 6.26 | 6.62 | 7.17 |
| CCIL T Bill Liquidity Weight | 0.27 | 0.05 | 0.43 | 1.23 | 2.25 | 4.61 | 3.09 | 3.29 | 3.53 | 4.03 |
| Debt: Money Market | 0.41 | 0.02 | 0.64 | 1.79 | 3.50 | 7.41 | 5.40 | 6.02 | 6.34 | 7.04 |
| Rank within category | 20 | 12 | 6 | 6 | 2 | 2 | 2 | 2 | 1 | 4 |
| Number of funds in category | 23 | 23 | 23 | 23 | 22 | 22 | 18 | 14 | 12 | 12 |
Peer Comparison of Aditya Birla (ABSL) Money Manager 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 Money Manager Dir | 4 star | 7.63 | 5.59 | 6.26 | 0.21 | 16,700 | 7.38 | — | 11Y |
| HDFC Money Mkt Dir | 4 star | 7.55 | 5.53 | 6.25 | 0.23 | 16,092 | 7.27 | — | 11Y |
| Tata Money Mkt Dir | 5 star | 7.71 | 5.70 | 6.28 | 0.16 | 14,685 | 6.59 | — | 11Y |
| Nippon Ind Money Mkt Dir | 5 star | 7.56 | 5.59 | 6.13 | 0.25 | 12,669 | 7.27 | — | 11Y |
| UTI Money Mkt Dir | 4 star | 7.60 | 5.55 | 6.10 | 0.20 | 11,213 | 7.26 | — | 11Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 106 | 54 |
| Macaulay Duration (yrs) | 0.28 | 0.30 |
| Average Maturity (yrs) | 0.28 | 0.30 |
| Yield to Maturity (%) | 7.66 | 7.53 |
| Avg Credit Rating | AAA | — |
How to Invest in Aditya Birla (ABSL) Money Manager Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Money Manager Fund
Apply Online: https://mutualfund.adityabirlacapital.com/help-centre/invest-now
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