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Aditya Birla Sun Life AMC Limited

ABSL CRISIL Liquid Overnight ETF

Debt ETF

An open-ended Exchange Traded Fund replicating the CRISIL Liquid Overnight Index. A relatively low interest rate risk and relatively low credit risk

AUM (In crores)

NAV

Annualized Returns %

Annualized

Returns %

1 Year

3 Year

5 Year

Since Inception

Aditya Birla Sun Life CRISIL Liquid Overnight ETF

SIP Amount
Min . ₹ 0

Lumpsum Amount
Min. ₹ 0

Fund Overview

ADITYA BIRLA SUN LIFE CRISIL LIQUID OVERNIGHT ETF, is an open-ended Exchange Traded Fund replicating the CRISIL Liquid Overnight Index. A relatively low interest rate risk and relatively low credit risk.

Investment Objective

The investment objective of the Scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL Liquid Overnight Index before expenses, subject to tracking error.

The Scheme does not guarantee/indicate any returns. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Why one can invest:

  • check-circle

    If you are looking for high liquidity to grab investing/trading opportunities.

  • Whilst continuing to earn better short-term returns on your idle, ‘ready-to-trade’ money as opposed to nil returns earned on idle cash in trading accounts.

  • If you are looking for a low-risk investment through a high-quality instrument (TREPS backed by a collateral) for this short-term need.

  • If you are looking for a convenient and low-cost cash management strategy for investing and trading.

Fund Details

CAGR

Latest NAV

(as on )

AUM

()

Inception Date

()

Risk

Investment Horizon

Very short, often few days/weeks

Annualized Benchmark Returns

Min Investment

Entry load

NIL

Exit load

NIL

Total Expense Ratio (TER)

Sharpe Ratio

Beta Ratio

Other Parameters

Standard Deviation

Modified Duration

-

Yield to Maturity

-

Portfolio Turnover:

-

Average Maturity

-

Macaulay Duration

-

Net Equity Exposure

-

Fund Managers

Mr. Sanjay Pawar

Mr. Sanjay is associated with Adity...
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Ms. Sunaina da Cunha

Ms. Sunaina da Cunha is the Co-Head...
Read More


Riskometer

(An open-ended Exchange Traded Fund replicating the CRISIL Liquid Overnight Index. A relatively low interest rate risk and relatively low credit risk)

This product is suitable for investors who are seeking

  • Short term income with liquidity

  • An open ended Exchange Traded Fund that seeks to track CRISIL Liquid Overnight Index

*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

- Investable/trading opportunities in the stock market tend to be short-lived, making it necessary to have adequate liquidity to grab them in a timely manner

- Keeping excessive cash in trading accounts but comes with its disadvantages – from loss of returns on idle cash, encouraging behavioural often rash investing to hassles of margin management

- What if there was a simpler way to manage cash for timely trades whilst also overcoming the defects of excessive cash liquidity?

- Aditya Birla Sun Life CRISIL Liquid Overnight ETF is a short-term open-ended debt ETF which is conceptualised precisely for meeting this very need.

- It is a passively managed ETF that tracks and replicates the CRISIL Overnight Fund AI Index. This index is comprised of TREPS i.e.: Tri-party repo securities that have a one-day maturity.

- It aims to offer investors liquidity along with overnight risk-free returns.

- This fund is best suited for very short-term purpose i.e.: as a tool to effectively manage cash for trades.


How does Aditya Birla Sun Life CRISIL Liquid Overnight ETF Fund works?


Investors/traders place sell order of shares and simultaneously place buy order of equivalent value in fund units

Investors/traders earn IDCW on fund units credited to demat. Further units can be used as collateral if required for margin requirement (typically ~90-92%)

When investors/traders wish to capitalise on an investing/trading opportunity, they can simultaneously sell fund units and place buy order for desired shares

Thus, Aditya Birla Sun Life CRISIL Liquid Overnight ETF Fund provides commensurate liquidity as conventional trading with the added benefit of earning returns



Fund discipline

- The Scheme invests minimum of 95% (up to 100%) of its net assets in instruments comprising CRISIL Liquid Overnight Index i.e.: in TREPS

- It can also invest up to 5% in cash and money market instruments

- As the fund is a passively managed ETF, the index will be tracked on a regular basis and changes to the constituents or their weights, if any, will be replicated in the portfolio with the purpose of minimising tracking errors.

Tax Applicability

Capital Gains


Since the investment horizon is few days/weeks, capital gains on sale of investment should result in Short-term capital gains. Gains/income received would be considered as income for the investors and hence would be taxed at applicable tax slab rates.

Forms & Downloads

Portfolio

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SID

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Frequently Asked Questions

Being an ETF, the units of this fund are traded through the stock exchange. Thus, investors can purchase units of the fund from the stock exchange. Typically, when investors sell any listed share, they can simultaneously place a buy order for units of this fund of equivalent value.

Being an ETF, the units of this fund are traded through the stock exchange. Thus, investors can redeem their investment by directly selling them on the stock exchange. Simultaneously, invests can also purchase any listed security of equivalent amount.

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