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PlaystoreAditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
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 Overnight Fund AI Index before expenses, subject to tracking errors.
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 Overnight Fund AI Index
Fund Details
- Fund Type - Open-Ended
- Category - Debt
- Sub- Category - ETF
- Min Investment - Minimum of Rs. 5000/- and in multiples of Rs. 1,000/-
- Fund Manager - Mr. Sanjay Pawar & Ms. Sunaina da Cunha
- Latest NAV - 1000 (as on 30-Jun-2024)
- Inception Date - Mar 03, 2023
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Fund Management
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Mr. Sanjay Pawar
Total Experience : 15 years
View Full ProfileMr. Sanjay is associated with Aditya Birla Sun Life AMC Limited (“ABSLAMC”) since 2005. He has an experience of more than 15 years in dealing activities in in the debt segment.
He has also worked for around 5 years in back office/settlement function of ABSLAMC. -
Ms. Sunaina da Cunha
Total Experience : 17 years
View Full ProfileSunaina da Cunha is the Co-Head of Fixed Income at Aditya Birla Sun Life AMC Limited. She has a rich experience of 17 years in fixed income fund management with an expertise in structuring bond solution and credit transactions. As Co-Head, Sunaina leads the overall credit portfolio of the AMC.
She has been a part of the Aditya Birla Group since 2004 having started as a Group Management Trainee in Aditya Birla Management Corporation Private Limited.
Sunaina is a CFA Charter Holder from the CFA Institute, Virginia, USA. She is also an MBA from the Faculty of Management Studies (FMS), University of Delhi.
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Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
To check an all-time best return rate for equity funds, check how they've performed in the last 3 or 5 years.
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Your Investment Summary
- Investment AmountRs 5000
- Initial units per month 29.5
- Current valueRs 50,000
- Current NAV value 260
- Current Units 30
-
XIRR
5.10%
Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.
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Benchmark XIRR
8%
Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.
Fund Summary
Entry Load
Exit Load
Load Comments
NIL
NIL
Highlights
- HIgh LIquidity Portfolio
- Investing Convenience
- Load Structure
For adequate liquidity plus earning returns!
• Liquid cash important for grabbing opportunities:
Availability of cash in trading account helps to grab on investing and trading opportunities in the stock market in a timely manner
• Idle cash however comes with pitfalls:
The quest for liquidity however leads to idle cash and related issues. Idle cash earns practically nil or negligible returns which means loss for investors. Furthermore, idle cash may also prompt behavioural and unnecessary investing which can lead to losses.
• Overnight ETF for an effective & efficient cash management of your portfolio:
These are short-term open ended debt funds that invest in high quality overnight TREPS with maturity of 1 day. They offer high liquidity along with risk-free overnight returns and allows short-term parking of cash.
• How Overnight ETFs wins over conventional trading?
In conventional trading, idle cash remains in trading account or is withdrawn to savings account. Thus, when liquidity is available, returns are negligible.
When you invest in overnight ETFs, sale of its units can be set off against buy order of equity, thus maintaining liquidity. The units can also be used as a collateral for margin requirement further enhancing liquidity. Additionally, the units earn IDCW daily, thus giving better returns to investors.
Why should you invest in Aditya Birla Sun Life CRISIL Liquid Overnight ETF?
- Relatively Better Returns:
Generates return for otherwise idle cash, which is potentially higher than nil returns of trading accounts and low returns of traditional savings account - High Quality Portfolio:
Invests in high quality TREPS which are backed by collateral, making credit risk significantly low - High Liquidity:
Being an ETF, its units are traded on the stock exchange and can also be used as collateral for margin requirement (at ~8-10% haircut) - Investing Convenience:
Saves time and effort for movement of funds to and from bank account. - Load Structure:
No entry and exit load charge – goes to improve liquidity. - No Loss of Return on Holiday:
IDCW gets accrued daily on the amount invested. IDCW will also accrue on weekends.
Aditya Birla Sun Life CRISIL Liquid Overnight ETF
(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 Overnight Fund AI Index
*Investors should consult their financial advisers if in doubt whether the product is suitable for them
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Disclaimer
For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.