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Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Credit Risk Fund | Credit Risk Fund - ABSLMF

Aditya Birla Sun Life Credit Risk Fund

(An open ended debt scheme predominantly investing in AA and below rated corporate bonds)
Number of Segregated Portfolios- 1

Class: Debt
Category: Credit Risk
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Investment Objective

The investment objective of the Scheme is to generate returns by predominantly investing in a portfolio of corporate debt securities with short to medium term maturities across the credit spectrum within the investment grade. The Scheme does not guarantee/indicate any returns. There can be no assurance that the Schemes' objectives will be achieved.

This product is suitable for investors who are seeking

  • Income with capital growth over short to medium term
  • Investments in portfolio of corporate debt securities with short to medium term maturities, across the credit spectrum, and within the investment grade

Risk Positioning:

Important Notice:

Acceptance of fresh subscription/switch-in application(s) in the Scheme is temporarily suspended with effect from Friday, May 22, 2020 (‘Effective Date’) till further notice. Further, no fresh registrations under systematic transactions viz., SIP/CSIP/STP will be accepted from the effective date till further notice. However, for installments falling due under SIP/CSIP/STP registered prior to the effective date will be processed under respective Plans/Options of the Scheme.

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Value Added Products:

Systematic Investment Plan - Available Online & Offline for Direct & Regular investors to iron out intermittent market volatility and enable long term savings

Salient features of SIP:

Step-up SIP – This facility lets investors enhance the SIP amount during regular intervals. This allows you to make the most out of your SIP investments by increasing your contributions towards those schemes that are performing well. Additionally, you can also increase your investment amount when there is a hike in your pay.

Multi Scheme SIP Facility - The Facility enables investors to subscribe under various Schemes through SIP using a single application form and payment instruction.

Systematic Transfer Plan (STP) allows investors to save in both asset classes by transfering a fixed amount from one scheme and invest in another scheme

Investors have the option of:

  • Daily Systematic Transfer Plan
  • Weekly Systematic Transfer Plan
  • Monthly Systematic Transfer Plan
  • Quarterly Systematic Transfer Plan


Minimum Balance in the scheme at the time of enrollment for STP facility:

  • Daily Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.10,000/-
  • Weekly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.6000
  • Monthly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.6000
  • Quarterly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.8000

Minimum Transfer Amount

For STP installments greater than Rs.500 but less than Rs.999, Investors are required to instruct for minimum 12 transfers of Rs.500 and in multiples of Re. 1thereafter. For STP installments of Rs.1000 and above, Investors are required to instruct for minimum 6 transfers of Rs.1000 and in multiples of Re. 1 thereafter.

Systematic Withdrawal Plan allows investors to withdraw a fixed amount of money from their mutual fund to build sustainable income streams while saving on Tax also

Investors have the option of:

Fixed Withdrawal - which allows investors of the Growth Plan to withdraw a fixed amount at regular intervals. Investors can withdraw fixed amount of Rs1,000/- each and above at regular intervals.

Appreciation Withdrawal - which allows investors of Growth Plan to withdraw the appreciation amount at regular intervals. Investors can withdraw appreciation of Rs1,000/- and above at regular intervals.

Withdrawal Frequency:

For Fixed Withdrawal Option: Investors can withdraw fixed amount on 1 or 7 or 10 or 14 or 20 or 21 or 28 of month/quarter/Half yearly and Annually for minimum 6 months/ 4 quarter/2 half years and 1 year. For Appreciation Withdrawal Option: Investors can withdraw appreciation on the 1 of each month/quarter for minimum 6 months/ 4 quarter.

Capital Appreciation Transfer Plan (CATP) allows investors to preserve their capital and transfer only capital appreciation to another asset class / scheme at regular intervals

Century SIP - SIP to enable your long term wealth creation while providing Free Life Insurance of upto Rs 50 Lacs

Century SIP - In addition to the regular SIP facility for the Scheme, Aditya Birla Sun Life Century SIP (CSIP) gives the benefit of Free Life Insurance cover up to Rs.50Lacs. It is eligible for individual investors whose age is 18 years and above but less than 51 years, at the time of the first investment. In case of joint unit holders in the scheme, only the first unit holder would be eligible for the insurance cover.

Investment Amount in Century SIP

  • Minimum: Rs1000 per month
  • Maximum: No upper limit

Investors should note that once CSIP is availed, CSIP amount cannot be changed. However, investors can avail the step-up SIP feature.

Tenure of Century SIP

60 Years and less than the current completed age of the investor. If the investor has chosen an end date which is beyond 60 years of age the SIP will continue beyond the age of 60, however without any insurance benefits.

Amount of Insurance Cover:

If Century SIP continues, the insurance cover would be as follows:

  • Year 1 : 10 times the monthly Century SIP installment
  • Year 2 : 50 times the monthly Century SIP installment
  • Year 3 onwards : 100 times the monthly Century SIP installment

All the above mentioned limits are subject to maximum cover of Rs.50 lacs per investor across all schemes/plans/folios of the fund.

Fund Details

  • Fund Type - Open-Ended
  • Class - Debt
  • Category - Credit Risk
  • Min Investment - Rs. 100/-
  • Fund Manager - Mr. Maneesh Dangi & Ms. Sunaina da Cunha
  • Latest NAV - 14.329 (as on 10-Jul-2020)
  • Inception Date - Apr 18, 2015
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Fund Performance

Graphical Data

Trailing Return

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Funds are bucketed on various parameters with respect to other funds in their category.
*Annualized returns are displayed for 1 year and above.

Annualized Returns

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Fund Management

  • Mr. Maneesh Dangi

    Total Experience : 20 years

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    As Co-Chief Investment Officer, Maneesh Dangi spearheads Fixed Income investments at Aditya Birla Sun Life AMC Limited. With close to twenty years of rich experience in Finance and Research, Maneesh leads a team of twenty-two, comprising fund managers and analysts, managing over INR 1.6 lakh crores.

    Maneesh has been with Aditya Birla Sun Life AMC for over a decade now. He manages funds such as ABSL Banking & PSU Debt Fund, ABSL Corporate Bond Fund, ABSL Dynamic Bond Fund, and ABSL Short Term Fund.

    Maneesh is an MBA in Finance and FRM.
  • Ms. Sunaina da Cunha

    Total Experience : 14 years

    View Full Profile
    Sunaina da Cunha is a Fund Manager at Aditya Birla Sun Life AMC Limited. She has an overall experience of 14 years in fixed income fund management with an expertise in structuring bond solution and credit transactions.

    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 CFA Institute, Virginia, USA. She also has a Master’s degree in Business Administration from Faculty of Management Studies (FMS), University of Delhi.
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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

    Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.

         5.10%
  • Benchmark XIRR

    Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.

         8%

Portfolio and Sector Holdings

Top 10 Holdings (As on 30.04.2020)

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Issuer % to Net Assets
Top 10 Sector Holdings Chart

Fund Summary

Entry Load
Exit Load
Load Comments
NIL
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.
Any redemption in excess of the above limit shall be subject to the following exit load:
• For redemption / switch-out of units on or before 1 year from the date of allotment - 3.00% of applicable NAV.
• For redemption / switch-out of units after 1 year but on or before 2 years from the date of allotment - 2.00% of applicable NAV.
• For redemption / switch-out of units after 2 year but on or before 3 years from the date of allotment - 1.00% of applicable NAV.
• For redemption / switch-out of units after 3 years - Nil
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Highlights

  • Income with capital growth over short to medium term
  • Investments in corporate debt securities with short to medium term maturities
  • Strong credit evaluation and monitoring

There may be several short to medium term goals which you wish to achieve through your investments. Say you wish to buy a new car or renovate your house, such goals may be non-critical allowing you to handle a higher risk but you may want to achieve them in a short to medium duration, say around 3 years. Equity may not offer stable returns in this period, whereas conventional low risk debt funds may not offer attractive enough returns.

You can consider investing in ABSL Credit Risk Fund for such short to medium term goals. This scheme invests minimum 70% of its portfolio in Corporate Debt securities* excluding Government securities and State Development Loans, with an aim of earning reasonable returns.

*For the purpose of this Scheme, Corporate debt securities shall mean non-convertible debt securities, including debentures, bonds and such other securities of a company or a body corporate constituted by or under a Central or State Act, whether constituting a charge on the assets of the company or body corporate or not, but does not include debt securities issued by Government

Suitable For: Short to Medium term goals

Ideal Investment Horizon: 3 years or more

Fund Investment Strategy:

The scheme will be managed so that the maximum duration of the portfolio is capped at 4 years. The Scheme would seek opportunities across the credit curve and would endeavour to take benefit from mispriced credit opportunities. The fund will avoid active duration management. In fact, the fund manager within the maximum permissible mandate would endeavour to match the maturity of the underlying portfolio with proposed investment horizon.

The scheme shall not invest in government securities and State Developmental Loans but may invest in money market instruments including T-Bills, Repo and Reverse Repos & Tri-Party Repos within the limits mentioned in asset allocation pattern. Rigorous in-depth credit evaluation and analysis aimed at ascertaining both the short term financial health and long term solvency of the debt issuers will be carried out before investing. In addition, criteria such as sound corporate managements, prospects of good future growth and strong past performance will be considered.

Aditya Birla Sun Life Credit Risk Fund

(An open ended debt scheme predominantly investing in AA and below rated corporate bonds)
Number of Segregated Portfolios- 1

This product is suitable for investors who are seeking*

  • Income with capital growth over short to medium term
  • Investments in portfolio of corporate debt securities with short to medium term maturities, across the credit spectrum, and within the investment grade

 

Investors should consult their financial advisers, if in doubt about whether the product is suitable for them.

Moderate
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  • KIM - Aditya Birla Sun Life Credit Risk Fund
  • SID - Aditya Birla Sun Life Credit Risk Fund

  • Product Brochure

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Disclaimer

For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.

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