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PlaystoreAditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
Debt
Banking & PSU Fund
An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
Fund Overview
Aditya Birla Sun Life Banking and PSU Debt Fund is an open-ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds
Investment Objective
To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India.
Why one can invest:
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If you are looking for an alternative investment avenue for your short-term funds
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If you are looking to invest in high quality debt instruments of banks, PSUs and PFIs
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If you are looking to for a diversified portfolio of banking and PSU sector debt instruments with investments as little as Rs.1,000
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If you are looking for an investment route for your near or short-term investing goals – up to 1 year
Click here to know more about debt mutual funds
Fund Details
CAGR
Latest NAV
(as on )
AUM
()
Inception Date
()
Risk
Investment Horizon
Short term, typically up to 1 year
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
Riskometer
(An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.)
This product is suitable for investors who are seeking
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Generation of reasonable returns and liquidity over short term
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Investment primarily in securities issued by Banks, Public Sector Undertakings and Public Financial Institutions in India
*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
- When investing for the short term, safety and liquidity tend to be the main criteria. This can often be at the cost of returns when we opt for low-yielding traditional savings.
- An alternative investing option - a debt mutual fund can be considered for earning better returns. Within this space, when safety and liquidity are important parameters, we can consider banking and PSU debt funds
- This is because they focus on investing in high quality instruments – bonds of banks with high credit rating, and PSUs and PFIs that being owned/backed by the government have high credit quality. Additionally, these instruments are generally traded at large volumes, lending them high liquidity as well.
- Aditya Birla Sun Life Banking and PSU Debt Fund is a debt mutual fund which aims to build a robust and diversified portfolio of predominantly banking, PSU and PFI debt instruments.
- The fund is suited for a short-term investing period.
Fund discipline
- The Scheme aims to allocate a minimum of 80% (up to 100%) of its net assets to debt and money market instruments issued by Scheduled Commercial Banks (SCBs), Public Sector Undertakings (PSUs) & Public Financial Institutions (PFIs) and Municipal Bonds.
- The Scheme may also invest up to 20% of its net assets in other debt and money market instruments.
o The Scheme will invest in securities across maturities with an intention to offer reasonable level of yields at lower levels of risk while maintaining sufficient portfolio liquidity.
- The fund manager will focus on credit quality as an important criterion for investment decision making.
Value Added Products
- Systematic Transfer Plan (STP) investing allows investors to periodically transfer a pre-decided investment amount from this fund into any other open ended fund of Aditya Birla Sun Life
- STP facility is available on daily, weekly, monthly or quarterly basis
- Systematic Withdrawal Plan (SWP) investing allows investors to provide standing instructions for periodic withdrawal of specified amounts from investment in the fund.
- The withdrawal can be ‘fixed withdrawal’ which specifies a fixed amount, or ‘appreciation withdrawal’ which provides for withdrawal of capital appreciation at periodic intervals
- From daily to annual withdrawals, several period withdrawal options are available to investors
- Systematic Investment Plan (SIP) investing allows investors to invest pre-determined sums of money regularly and at periodic intervals (monthly or weekly) in the fund
- Potential to give investors benefit of compounding over the long term. Furthermore, through rupee cost averaging helps better manage market volatility
- SIP facility is augmented by several add ons such as Step-up SIPs, Pause SIP, Multi Scheme SIPs, Century SIP etc.
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
This fund offers two different plans, based on how you can invest:
o Direct Plan - here you can purchase units of the fund directly from the fund house i.e.: Aditya Birla Sun Life Mutual Fund
o Regular Plan – here you can invest through a mutual fund distributor or broker of your choice
This difference in manner of investing also leads to difference in expense ratio applied by both the plan.
Currently the regular plan has an expense ratio of ____%, whereas the direct plan charges a lower expense ratio of ____%.
Choosing a direct plan over regular plan, means your investments will be subject to a lower expense ratio which translates into better returns on your investment.
The fund charges an expense ratio on all investments. This is applied to cover the fund management and administration costs. Charged annually, this goes to reduce the returns from your investment.
The fund charges an expense ratio of ____% on a regular plan and ____% on a direct plan. (As on _______)
When you have invested via a direct plan, redemption of your investment can be easily done online. All you need to do is login with your credentials on the app or webpage of Aditya Birla Sun Life Mutual Fund, choose the option of redemption and feed in the specified amount or number of units you wish to redeem.
Yes, the Aditya Birla Sun Life Banking and PSU Debt Fund offers both SIP and lumpsum investing options to investors. The choice of mode of investing will be guided by your investing objective, risk appetite, investing term and affordability.
This fund can also be suitable for STP investing, when investors want to re-balance their portfolio from equity to debt
AUM or assets under management denotes the total outstanding market value of investments in Aditya Birla Sun Life Banking and PSU Debt Fund that is being managed by the Aditya Birla Sun Life Mutual Fund.
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