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PlaystoreAditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
Aditya Birla Sun Life Medium Term Plan
Debt
Medium Duration Fund
An open ended medium-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3-4 years. A relatively high interest rate risk and relatively high credit risk
Aditya Birla Sun Life Medium Term Plan Overview
Aditya Birla Sun Life Medium Term Plan is an open-ended medium-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3-4 years. A relatively high interest rate risk and relatively high credit risk.
Investment Objective
The investment objective of the Scheme is to generate regular income and capital appreciation by predominantly investing in a portfolio of debt securities with medium term maturity.
Why one can invest
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If you are looking for a medium-term debt investment that can potentially offer better returns than conventional fixed income instruments for similar time frame
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If you are looking to invest through an active duration strategy to better manage interest rate/duration risks
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If you are looking for a tax efficient fixed income investment (when held for more than 3 years)
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If you are looking for suitable investment option for medium term (3 to 5 years)
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If you are also looking to build a diversified portfolio of high-quality debt instruments, including sovereign G-secs and SDLs and PSU/corporate bonds with low minimum investments as little as Rs.1000
Fund Details
CAGR
Latest NAV
(as on )
AUM
()
Inception Date
()
Risk
Investment Horizon
3 to 5 years
Annualized Benchmark Returns
Min Investment
Entry load
NIL
Exit load
15%
In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched out without any exit load from the date of allotment.
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. Mohit Sharma
Ms. Sunaina da Cunha
Mr. Dhaval Joshi
Riskometer
(An open ended medium-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3-4 years. A relatively high interest rate risk and relatively high credit risk)
This product is suitable for investors who are seeking
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Income with capital growth over medium term
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Investments in 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
- Medium term goals typically in the time frame of 3-4 years need to be funded by investments that can offer reasonable returns while still maintaining relative safely of investment corpus
- Traditional fixed income instruments tend to fall short on returns and involve high tax costs. Equity instruments, on the other hand are typically not suited for periods shorter than 5 years considering their higher propensity for volatility
- What investment type is more appropriate for such medium-term investing time frames?
- Debt funds that have medium term maturities can fill this gap to balance between the return needs of investors at risk levels commensurate with investing duration
- Aditya Birla Sun Life Medium Term Plan is one such open-ended debt fund that invests in debt and money market instruments such that the Macaulay portfolio duration of the portfolio is between 3-4 years. It seeks better risk-adjusted returns (income and capital growth) for investors by adopting an active duration strategy within the stated time frame.
- The fund is suited for a medium-term investing period (3 to 5 years)
Fund Discipline
- The Scheme invests up to 100% of its net assets into debt instruments such as G-secs, SDLs and PSU and corporate bonds.
- It can also invest up to 90% of its net assets into money market instruments and up to 10% in units issued by REITs and InVITs
- It maintains the Macaulay duration of the portfolio between 3 to 4 years. The Macaulay duration is the weighted average term to maturity of the cash flows from a bond.
- However, fund manager, in the interest of investors, may reduce the portfolio duration of the scheme up to one year, in case he has a view on interest rate movements in light of anticipated adverse situation.
- In case of a rising interest rate environment, the duration of the fund may be reduced and holding in Liquid bonds & money market securities could go up whereas in a falling interest rate scenario the holding in medium / long dated securities may be maximized.
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.
- 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 Medium Term Plan
- STP facility can be 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. Your choice of plan thus directly impacts the returns from your investment.
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 Medium Term Plan via 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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