Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Money Manager Fund | Money Manager Fund - ABSLMF

Aditya Birla Sun Life Money Manager Fund

(An open ended debt scheme investing in money market instruments)

Class: Debt
Category: Money Market

Investment Objective

The primary objective of the scheme is to generate regular income through investment in a portfolio comprising of money market instruments.

This product is suitable for investors who are seeking

  • Reasonable returns with convenience of liquidity over short term
  • Investments in money market instruments with maturity of upto 1 year

 

 


Value Added Products:

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

Fund Details

  • Fund Type - Open-Ended
  • Class - Debt
  • Category - Money Market
  • Min Investment - Rs. 1000/-
  • Fund Manager - Mr. Kaustubh Gupta & Mr. Mohit Sharma
  • Latest NAV - 264.006 (as on 11-Dec-2019)
  • Inception Date - Jun 06, 2003
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Fund Performance

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

Fund Management

  • Mr. Kaustubh Gupta

    Total Experience : 14 years

    View Full Profile
    Kaustubh Gupta is a Senior Fund Manager with Aditya Birla Sun Life AMC Limited (ABSLAMC). Kaustubh brings with him 14 years of extensive investment experience having worked in various capacity of treasury finance, liquidity management and now fund management.

    Prior to joining ABSLAMC in 2009, Kaustubh worked with ICICI Bank for 5 year in the Asset Liability Management team.

    Kaustubh is a Chartered Account and CFA (Level 2) by qualification.
  • Mr. Mohit Sharma

    Total Experience : 13 years

    View Full Profile
    Mohit Sharma is a Fund Manager with Aditya Birla Sun Life AMC Limited (ABSLAMC), with total experience of over 13 years.

    Mohit has been part of ABSLAMC for last 3yrs. His prior experience include stints at Standard Chartered Bank, ICICI Bank, Irevna Limited (Subsidiary of CRISIL) and as an entrepreneur.

    Mohit did his Management Studies from IIM Calcutta (2005) and Engineering studies from IIT Madras (2003).
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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 31.10.2019)

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Issuer % to Net Assets
Top 10 Sector Holdings Chart

Fund Summary

Entry Load
Exit Load
Load Comments
NIL
NIL
**Exit Load is NIL for units issued in Dividend Reinvestment.

Highlights

  • Income with growth in capital in the short term
  • Investments in a mix of fixed and floating rate debt instruments

Designed for stable short term returns

There are many investors who seek better returns in the short-term without taking undue risks. This scheme is tailored for such investors. It tries to optimise returns for the investors by designing a portfolio of investments comprising mostly of floating rate debt investments of around an average tenure of 3 years

Better returns without undue risks

Aditya Birla Sun Life Money Manager Fund is an open-ended income fund that primarily invests in floating rate debt securities. The scheme invests in floating rate securities to reduce volatility in prices arising out of unfavorable interest rate movements.Unlike fixed rate debt securities, a floating rate debt security can adjust to a change in the interest rate in the economy and faces lesser fluctuations in the price of the debt security.

Discipline

The aim of the investment manager will be to allocate the assets of the scheme between various fixed interest rate securities and floating interest rate securities and use derivatives like swaps and FRAs effectively with the objective of achieving stable returns. The portfolio of the Long Term Plan will be normally skewed towards longer term maturities. The Fund Benchmark is Nifty Money Market Index.

Aditya Birla Sun Life Money Manager Fund

(An open ended debt scheme investing in money market instruments)

This product is suitable for investors who are seeking*

  • Reasonable returns with convenience of liquidity over short term
  • Investments in money market instruments with maturity of upto 1 year

 

*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.

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