January 13, 2023
mayank
Guidance for NFO of Aditya Birla Sun Life (ABSL) Fixed Term Plan – Series UE (1275 Days)
by Paresh Gordhandas, C.A., Research Analyst.
Upcoming Soon
NFO of Aditya Birla Sun Life (ABSL) Fixed Term Plan – Series UE (1275 Days)
NFO opens on January 09 ,2023
NFO will close on January 17 ,2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
Basic Details
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Issue Open | 09 January 2023 |
| Issue Close | 17 January 2023 |
| Type | Closed-end |
| Category | Debt: Fixed Maturity |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Tenure (Days) | 1275 |
| Riskometer | Moderate |
| Benchmark | CRISIL Medium Term Debt Index |
About Benchmark Index
CRISIL Medium Term Debt Index seeks to track the performance of a medium term debt portfolio comprising of government securities and AAA/AA rated corporate bonds
Features
● Total Return Index seeking to capture coupon and price returns of the underlying portfolio
● Base date for the Index : October 01, 2004
● Index portfolio marked-to-market on a daily basis using CRISIL Gilt and Bond valuations
● Index is fully invested at all points of time with no cash component
● Derived index from the following sub-indices
− CRISIL Short Term Gilt Index
− CRISIL AAA Medium Term Bond Index
− CRISIL AA Medium Term Bond Index
Key Characteristics
● Rich history: CRISIL Medium Term Debt Index has an inception date of October 01, 2004. Thus the index has been in existence over a decade, seen multiple interest rate cycles, and has stood the test of time
● Liquidity: The index seeks to capture the movement in a portfolio consisting of most liquid government and corporate securities by using appropriate market representation
● Replicability: The index constituents are valued on a daily basis. This lends the index a realistic approach by having the valuations close to the market levels
Methodology
● Weights to government securities will be fixed at 15%
● Weights to sub-indices within corporate bonds will be rebalanced annually based on previous year issuances
● Index valued on a daily basis using CRISIL Gilt and Bond valuations
CRISIL Medium Term Debt Index: Asset Allocation – April 2017
| Sub Index | Weights (%) |
| CRISIL Short Term Gilt Index | 15 |
| CRISIL AAA Medium Term Bond Index | 64 |
| CRISIL AA Medium Term Bond Index | 21 |
CRISIL Medium Term Debt Index: Index Details – March 1, 2018
| Parameters | Values |
| Average Maturity (years) | 3.90 |
| Modified Duration (years) | 3.16 |
| Macaulay Duration (years) | 3.41 |
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).
Past Performance of his Schemes
| Fund | Aditya Birla Sun Life Balanced Advantage Fund | It’s Benchmark | Aditya Birla Sun Life Credit Risk Fund – Regular Plan | It’s Benchmark |
| 1 Year | 4.83 | 6.61 | 7.08 | 2.58 |
| 3 Year | 10.93 | 13.85 | 7.59 | 2.57 |
| 5 Year | 8.26 | 11.89 | 6.26 | 3.22 |
| 7 Year | 10.46 | 12.77 | 7.10 | 3.56 |
| 10 Year | 10.81 | 12.20 | — | — |
AMC:
Aditya Birla Sun Life AMC Ltd.
Address: One India Bulls Center – Tower 1, 17th Floor – Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai – 400013
Website: http://mutualfund.adityabirlacapital.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
*Post your MF questions @ sahifund.com/ask-me/
IPO Details & Guidance @ chanakyanipothi.com