January 29, 2024
mayank
Aditya Birla (ABSL) Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 498.6375
Weekly NAV IDCW: Rs 100.4179
NAV IDCW Daily: Rs 100.0866
Suitable For Which Investors?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
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. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme aims to generate regular income from a portfolio of debt and money market instruments, cash and cash equivalents.
Fund Manager:
1) 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.
2) Monika Gandhi
Education: Ms. Gandhi is CA, CAIIB and B.Com.(Hons)
Experience: Prior to joining Aditya Birla Sun life Mutual Fund, she was a Deputy General Manager in IDBI Bank for 13 years wherein she handled project appraisal, credit evaluation and credit monitoring for Large and Mid-Corporates.
3) 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 | 0 |
Basic Details
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.71% |
| Benchmark | NIFTY Ultra Short Duration Debt Index B-I |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 12,170 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.34% |
| (As on 31-Dec-2023) | |
| Risk Grade | High |
| Return Grade | Above Average |
Trailing Returns (%) of Aditya Birla Savings Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Savings Dir | 0.48 | 0.01 | 0.68 | 1.77 | 3.52 | 7.45 | 5.60 | 6.38 | 6.69 | 7.51 |
| CCIL T Bill Liquidity Weight | 0.33 | 0.05 | 0.41 | 1.23 | 2.22 | 4.50 | 3.10 | 3.28 | 3.52 | 4.02 |
| Debt: Ultra Short Duration | 0.50 | 0.01 | 0.67 | 1.75 | 3.47 | 7.28 | 5.49 | 5.92 | 5.96 | 6.80 |
| Rank within category | 20 | 22 | 10 | 12 | 10 | 6 | 5 | 3 | 2 | 2 |
| Number of funds in category | 24 | 24 | 24 | 24 | 24 | 24 | 23 | 18 | 11 | 11 |
Peer Comparison of Aditya Birla (ABSL) Savings 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 Savings Dir | 2 star | 7.45 | 5.60 | 6.38 | 0.34 | 12,170 | 7.71 | — | 11Y |
| ICICI Pru Ultra ST Dir | 5 star | 7.45 | 5.78 | 6.61 | 0.39 | 13,112 | 8.04 | — | 11Y |
| Nippon Ind Ultra SD Dir | 5 star | 7.62 | 7.31 | 5.74 | 0.38 | 5,445 | 7.12 | — | 11Y |
| Axis Ultra Short Term Dir | 4 star | 7.54 | 5.65 | 6.24 | 0.33 | 4,318 | 6.45 | — | 5Y 4M |
| UTI Ultra SD Dir | 4 star | 7.38 | 6.36 | 5.67 | 0.44 | 1,869 | 7.41 | — | 11Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 115 | 47 |
| Macaulay Duration (yrs) | 0.50 | 0.40 |
| Average Maturity (yrs) | 0.51 | 0.43 |
| Yield to Maturity (%) | 7.98 | 7.64 |
| Avg Credit Rating | AAA | — |
How to Invest in Aditya Birla Savings Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Savings Fund
Apply Online: https://mutualfund.adityabirlacapital.com/help-centre/invest-now
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Quicklinks
https://sahifund.com/axis-regular-saver-fund/