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PlaystoreAditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
Aditya Birla Sun Life CRISIL IBX Gilt Apr 2033 Index Fund
Other
Index Funds
An open ended Target Maturity Index Fund tracking the CRISIL IBX Gilt Index – April 2033. A relatively high interest rate risk and relatively low credit risk.
Fund Overview
Aditya Birla Sun Life CRISIL IBX Gilt April 2033 Index Fund is an open-ended Target Maturity Index Fund tracking the CRISIL IBX Gilt Index – April 2033. A relatively high interest rate risk and relatively low credit risk.
Also Read: What is Target Maturity Fund?
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 IBX Gilt Index – April 2033 before expenses, subject to tracking
errors.
The Scheme does not guarantee/indicate any returns. There is no
assurance or guarantee that the investment objective of the Scheme will be
achieved
Why one can invest?
-
If you seek predictable and transparent returns from your debt investment.
If you are looking to invest in a target maturity fund for a particular financial goal with a predetermined time horizon. -
If you are looking to lock-in current elevated debt yields for the entire long-term fund duration
-
If you are looking for the additional benefit of earning potential long-term capital gains.
-
If you have moderate risk appetite – negligible credit risk owing to sovereign G-sec investments with no duration risk when held till maturity.
-
If you are looking for liquidity throughout the fund tenure.
-
If you are looking for benefits of passive investing such as low investing costs and minimum application amount as low as Rs.1000/- and in multiples of Re. 1/- thereafter.
Fund Details
CAGR
Latest NAV
(as on )
AUM
()
Inception Date
()
Risk
Investment Horizon
Medium to Long term, till maturity date of the Scheme i.e.: April 29, 2033
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. Bhupesh Bameta
Mr. Sanjay Godambe
Riskometer
(An open ended Target Maturity Index Fund tracking the CRISIL IBX Gilt Index – April 2033. A relatively high interest rate risk and relatively low credit risk)
This product is suitable for investors who are seeking
-
Income over the target maturity period
-
An open ended Target Maturity Index Fund that seeks to track CRISIL IBX Gilt Index – April 2033
*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 looking to plan for long-term, critical goals, investors tend to be cautious. This often causes them to lose out on returns in a bid to maintain low risk.
• What if you could combine the benefit of moderate risk, predictability of returns plus a little extra in the form of returns?
• A target maturity fund can be your go-to fund here!
• Target maturity funds are debt-oriented mutual funds that have a passive and index-based investing strategy. They will replicate income over the target maturity period of its underlying index subject to tracking errors.
• This offers investors transparency and predictability of returns within a pre-defined time frame. A target maturity fund aims to eliminate duration risk (when held till maturity).
• Aditya Birla Sun Life CRISIL IBX GILT April 2033 Index Fund is a target maturity fund that provides all of this with an added feature of potentially earning long-term capital gains.
• It invests in a portfolio of G-secs comprised in the underlying index. G-secs being sovereign instruments tend to have negligible credit and default risk. The inclusion of G-secs in global indices will be met with a rise in their demand. This coupled with cooling off inflation can see G-sec yields fall presenting capital gains opportunities for investors who invest at current high yields.
• The fund is suited for medium to long term, up to the maturity date of April 29, 2033.
Fund Discipline
• The scheme follows a passive investment strategy.
• The Scheme will replicate income over the target maturity period of its underlying index i.e. CRISIL IBX Gilt Index – April 2033, subject to tracking errors.
• The Scheme allocates 95% - 100% of its asset in instruments forming part of the CRISIL IBX Gilt Index – April 2033.
• The Scheme may also choose to invest up to 5% in Cash and Debt/Money Market Instruments.
• The Gilt instruments are termed as G-secs. These are debt securities issued by RBI on behalf of Government of India. This central government backing gives them sovereign rating.
• In the index construction, only fixed coupon plain vanilla G-secs maturing between 1st May 2032 and 29th April 2033 will be selected. Weight allocation issuers will be calculated in the ratio of amount outstanding (30% weightage) and liquidity score (70%).
Index Methodology: https://www.crisil.com/content/dam/crisil/indices/index-linked-products/index-linked-products-methodology.pdf
Tax Applicability
Pursuant to amendment to the Finance Bill 2023, any capital gains earned on investments made in this scheme on or after 1 April 2023, will be considered as short-term capital gains and added to the investor’s income and taxed at the applicable income tax slab rates (plus any applicable surcharge and cess), regardless of the investment holding period.
Please note that investments made on or before March 31, 2023, and held for more than 36 months will be eligible for indexation benefit in taxation. Gains on such investments will be taxed at a rate of 20% (plus applicable surcharge and cess) after taking into account the 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. Your choice of plan thus directly impacts the returns from your investment.
To redeem your investments in the direct plan of this scheme, you can use their mobile app or desktop webpage and select a specified amount or number of units to redeem. For investments made in the direct or regular plan through a Registrar and Transfer Agent (RTA) or Mutual Fund Distributor (MFD), you can submit a duly signed redemption form to the respective RTA/MFD or redeem online through their portal, if available.
Investing in Aditya Birla Sun Life CRISIL IBX Gilt April 2033 Index Fund is possible through both SIP (Systematic Investment Plan) and lump-sum methods. The decision on which mode to choose depends on factors such as your investment objective, risk tolerance, and investment timeframe.
Also Read: What is SIP?
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