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PlaystoreAditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
Debt
Floater Fund
An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps / derivatives. A relatively high interest rate risk and moderate credit risk.)
Fund Overview
Aditya Birla Sun Life Floating Rate Fund is an open-ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps / derivatives) A relatively high interest rate risk and moderate credit risk.
Investment Objective
The primary objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The scheme may invest a portion of its net assets in fixed rate debt securities and money market instruments.
Why one can invest:
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-If you are looking for debt investment for your short-medium term needs of regular income
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If you are looking for an efficient investing strategy aimed at better managing interest and credit risk that is typically attached with debt investments
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If you are looking to invest predominantly in floating rate debt instruments.
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If you are looking for suitable investment option for short to medium (1 to 3 years)
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If you are also looking to build a diversified portfolio of floating rate debt instruments with investments starting with Rs.1000
Fund Details
CAGR
Latest NAV
(as on )
AUM
()
Inception Date
()
Risk
Investment Horizon
1 to 3 years
Annualized Benchmark Returns
Min Investment
Entry load
NIL
Exit load
NIL
Total Expense Ratio (TER)
Sharp Ratio
Beta Ratio
Other Parameters
Standard Deviation
Modified Duration
-
Yield to Maturity
-
Portfolio Turnover:
-
Average Maturity
-
Macaulay Duration
-
Net Equity Exposure
-
Fund Managers
Mr. Kaustubh Gupta
Mr. Harshil Suvarnkar
Mr. Dhaval Joshi
Riskometer
An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps / derivatives)
This product is suitable for investors who are seeking
-
Income with capital growth over short term
-
investments in a mix of fixed and floating rate debt and money market instruments
*Investors should consult their financial advisers if in doubt whether the product is suitable for them
Portfolio & Sector Holdings
Retail
% of Net Assets
Sector Holdings
Dividend History
Any income received under this option would be considered as income for the investors and hence would be taxed at applicable tax slab rates.
Investment Performance
IDCW Plan of this scheme has distributed income to its investors out of its earnings, from time to time. The details of the same is tabulated:| Declared on date | IDCW Yield (Regular Plan) | IDCW Per Unit | Cum IDCW NAV |
|---|
Fund Summary
- Changing interest rate environment brings an element of volatility to debt investments. This is because when interest rates fluctuate, price of debt instruments too will vary. For example, when interest rate increases, price of existing, lower interest rate debt instruments can fall.
- Short term conservative investors who are looking for debt investments may be bun willing to take on such volatility.
- Floating rate debt instruments can be relied on here. The interest rates on these debt instruments are linked to benchmark rates and thus change in response to market interest rate changes, thereby minimising the duration/interest risk for investors.
- Floating rate mutual funds invest in a mix of floating and fixed rate debt instruments (majority in floating rate); as per the market interest rate scenario, to generate better returns for investors, with minimal risks.
- Aditya Birla Sun Floating Rate Fund is an open-ended debt fund that predominantly invests in high quality floating rate debt instruments. The fund manager will manage asset allocation between fixed and floating rate instruments, in a way that seeks to better manage both interest and credit risk of the portfolio, while generating regular income with capital growth over the short-term for investors.
Fund Discipline
- The Scheme invests minimum of 65% (up to 100%) of its net assets in floating rate debt securities (including securitized debt and fixed rate debt instruments swapped for floating rate returns)
- It can also invest up to 35% in fixed rate debt securities (including securitized debt, money market instruments)
- The aim of the investment manager will be to allocate the assets of the scheme between various fixed interest rate securities and floating interest rate securities and use derivatives like swaps and FRAs effectively with the objective of achieving better returns
Value Added Products
Salient features of CATP:
Capital Appreciation Transfer Plan (CATP) is a modified version of STP. It allows investors to periodically transfer the capital appreciation earned by investment/s in other open-ended schemes of Aditya Birla, into this fund
CATP is offered at monthly or quarterly intervals
Salient features of SIP:
Systematic Investment Plan(SIP) investing means automatically investing a pre-determined sum of money in this fund, at periodic and pre-determined time intervals.
Gives investors the benefit of rupee cost averaging
SIP facility is augmented by several add ons such as Step-up SIPs, Pause SIP, Multi Scheme SIPs etc.
Being a short-term scheme, it offers monthly and weekly SIPs
Salient features of STP:
Systematic Transfer Plan (STP) allows investors to periodically transfer pre-determined amounts from any open-ended scheme of Aditya Birla Sun Life Mutual Fund into Aditya Birla Sun Life Floating Rate Fund
STP facility can be daily, weekly, monthly or quarterly
Salient features of SWP:
Systematic Withdrawal Plan (SWP) allows investors to periodically withdraw fixed sums of money from the fund. This can take the form of withdrawal of fixed, pre-determined amounts or capital appreciation amount.
Its primary objective is to meet the regular income needs of investors
Tax Applicability
Investment held for less than 36 months
Short Term Capital Gain Tax would be applicable. Any gains/profits would be added to income of the investor taxed at applicable slab rates (plus applicable surcharge and cess).
Investment held for more than 36 months
Long Term Capital Gain Tax would be applicable. Gains/profits would be taxed at 20% (plus applicable surcharge and cess) after indexation benefit.
Any income received under this option would be considered as income for the investors and hence would be taxed at applicable tax slab rates.
Forms & Downloads
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Frequently Asked Questions
There are two ways in which you can invest in this fund.
o Via Direct Plan - involves purchasing units of the fund directly from Aditya Birla Sun Life Mutual Fund
o Via Regular Plan – involves investing through a distributor or broker of your choice
Both these plans have a common portfolio but separate NAVs. This is because they both apply different expense ratios.
Investments made in the direct plan of this fund can be easily redeemed online. This can be done either through the mobile app of Aditya Birla Sun Life Mutual fund or from its desktop-based webpage.
Redemption can be made basis a specified amount or basis a specified number of units you wish to redeem.
Yes, you can invest in Aditya Birla Sun Life Floating Rate Fund via both SIP or lump-sum route. The choice of mode of investing will be guided by your investing objective, investing term and affordability.
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