Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Floating Rate Fund | Floating Rate Fund - ABSLMF

Aditya Birla Sun Life Floating Rate Fund

An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps / derivatives)

Investment Objective

The scheme aims to generate regular income by investing in different types of floating rate debt/money market instruments. It may invest a portion of its money in fixed rate debt securities and money  market instruments too. 

This product is suitable for investors who are seeking

  • Income with capital growth over short term
  • Protection against adverse movement of interest rates

 

Fund Details

  • Fund Type - Open-Ended
  • Class - Debt
  • Category - Floater
  • Min Investment - Rs. 1000/-
  • Fund Manager - Mr. Kaustubh Gupta
  • Latest NAV - 221.063 (as on 05-Nov-2018)
  • Inception Date - Jun 05, 2003
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Fund Performance

Trailing Return

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Funds are bucketed on various parameters with respect to other funds in their category.
*Annualized returns are displayed for 1 year and above.

Annualized Returns

Fund Management

  • Mr. Kaustubh Gupta

    Total Experience : 9 years

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    Kaustabh has over 5 years of experience. Prior to joining BSLAMC, he worked with ICICI Bank Treasury.
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Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.

Portfolio and Sector Holdings

Top 10 Holdings (As on 30.09.2018)

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Issuer % to Net Assets
Top 10 Sector Holdings Chart

Fund Summary

Entry Load
Exit Load
Load Comments
NIL
NIL
**Exit Load is NIL for units issued in Dividend Reinvestment.

Highlights

  • Lower volatality with minimal interest rate risk
  • Superior credit quality
  • Actively managed portfolio based on interest rate scenario

Works for investors seeking stable returns in the short term

Floating Rate Fund maintains a portfolio having an average maturity of upto 10 years. The portfolio is normally skewed towards longer term maturities. However, it seeks to achieve returns for its investors in the short term. This it does by balancing risk and volatility. The superior credit quality of the portfolio along with active management of its duration generates higher average returns.

Discipline

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 with the objective of achieving stable returns and minimise risk. The portfolio of the Long Term Plan will be normally skewed towards longer term maturities. Fixed interest rate securities are subjected to volatility in price movements corresponding to movements in interest rates. However, the interest rate in case of floating rate securities is reset in regular time intervals based on certain benchmark or a reference rate (eg. NSE Mibor). Hence the prices of these securities are less sensitive to interest rate fluctuation leading to minimal interest rate risk. In the absence of floating rate securities, the same can be created synthetically with a combination of derivatives like Interest Rate Swaps and FRAs and fixed interest rate securities.

Aditya Birla Sun Life Floating Rate Fund

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 long term growth of their principal amount
  • Protection against adverse movement of interest rates

 

*We recommend investors to consult their financial advisers in case of doubt about whether the product is suitable for them.

Moderately Low Risk
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DOWNLOAD

  • KIM - Key Information Memorandum
  • SID - Scheme Information Document

Disclaimer

For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.

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