Aditya Birla Sun Life Savings Retail-IDCW Weekly
NAV as of Aug 29, 2024
100.420.02%
- IDCW Weekly - Regular
(Earn upto 0.21% Extra Returns with Direct Plan)
Fund Category:
Debt: Ultra Short Duration
Expense Ratio:
0.55%(0.78% Category
average)Fund Size:
Rs. 14,453.67 Cr(12.21% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Aditya Birla Sun Life Savings Retail-IDCW Weekly
NAV as of Aug 29, 2024
100.420.02%
Expense Ratio:
0.55%
Fund Size:
Rs. 14,453.67 Cr
Fund Category:
Debt: Ultra Short Duration
1. Current NAV: The Current Net Asset Value of the Aditya Birla Sun Life Savings Fund - Retail Plan as of Aug 29, 2024 is Rs 100.42 for IDCW Weekly option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 7.47% (1yr), 6.06% (3yr), 6.07% (5yr) and 7.3% (since launch). Whereas, Category returns for the same time duration are: 6.94% (1yr), 5.6% (3yr) and 5.29% (5yr).
3. Fund Size: The Aditya Birla Sun Life Savings Fund - Retail Plan currently holds Assets under Management worth of Rs 14453.67 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.55% for Regular plan as on Aug 08, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 10000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 1000.
Aditya Birla Sun Life Savings Retail-IDCW Weekly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.58 1.81 3.81 7.47 6.06 6.07 Category Avg 0.54 1.70 3.50 6.93 5.60 5.29 Rank within Category 18 12 21 33 38 19 No. of funds within Category 24 24 24 24 24 19 - Loading...
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Return Comparison
- This Fund
- BenchmarkNippon India Ultra Short Duration-IDCWW
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Aditya Birla Sun Life Savings Retail-IDCW Weekly Fund Details
Investment Objective - The scheme aims to generate regular income from a portfolio of debt and money market instruments, cash and cash equivalents.
Fund House | Aditya Birla Sun Life Mutual Fund |
Launch Date | Jun 05, 2007 |
Benchmark | NIFTY Ultra Short Duration Debt Index B-I |
Return Since Launch | 7.3% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Aditya Birla Sun Life Savings Retail-IDCW Weekly Investment Details
Minimum Investment (Rs.) | 10,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 1,000.00 |
Minimum Withdrawal (Rs.) | 1.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 0.39 | 0.5489 | 0.08 | 0.4022 |
Average Maturity(Yrs) | 0.46 | 0.8247 | 0.09 | 0.4435 |
Yield to Maturity(%) | 7.69 | 8.1542 | 6.72 | 7.4339 |
Avg Credit Rating | Low | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 9.49 | 13.19 |
Low Risk | 85.75 | 78.47 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 4.74 | 8.33 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 1.69 | 0.42 |
CD | 23.01 | 34.07 |
T-Bills | 6.45 | 12.40 |
CP | 13.86 | 13.60 |
NCD & Bonds | 47.83 | 31.18 |
PTC | 0.10 | 0.30 |
Cash & Others | 7.02 | 7.78 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
National Housing Bank | Long-term Debt | Financial | AAA | 8,200.53 | 5.67 | - |
8.4% Nirma Ltd 07/04/2026 | Long-term Debt | Consumer Staples | AA | 5,005.48 | 3.46 | 50,000 |
DBS Bank Ltd | Short-term Debt | Financial | A1+ | 4,785.08 | 3.31 | - |
Small Industries Devp Bank of India Ltd | Short-term Debt | Financial | A1+ | 4,313.12 | 2.98 | 9,000 |
7.78% National Housing Bank 26/04/2027 | Long-term Debt | Financial | AAA | 4,000.27 | 2.77 | 40,000 |
Tata Realty and Infrastructure Ltd | Long-term Debt | Construction | AA+ | 3,604.71 | 2.49 | 36,000 |
Bharti Telecom Ltd | Long-term Debt | Communication | AA+ | 3,248.01 | 2.25 | - |
Tata Realty and Infrastructure Ltd | Short-term Debt | Construction | A1+ | 3,015.47 | 2.09 | - |
Bajaj Housing Finance Ltd | Long-term Debt | Financial | AAA | 3,001.63 | 2.08 | 30,000 |
8.3% Nirma Ltd 24/02/2025 | Long-term Debt | Consumer Staples | AA | 2,498.69 | 1.73 | 25,000 |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Aditya Birla Sun Life Savings Retail-IDCW Weekly 100.42 Unrated 14,453.67 0.56 7.44 6.06 6.07 Nippon India Ultra Short Duration Fund-IDCW Weekly 1,092.75 7,291.01 0.52 7.00 5.77 5.26 Baroda BNP Paribas Ultra Short Duration Fund Regular-IDCW Weekly 1,000.67 1,302.25 0.55 7.29 6.09 5.59 HDFC Ultra Short Term Fund Regular-IDCW Weekly 10.05 15,129.33 0.55 7.24 5.81 5.68 Mahindra Manulife Ultra Short Duration Fund Regular-IDCW Weekly 1,001.94 252.11 0.54 7.11 5.71 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
0.54VS0.56Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.10VS1.06Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.59VS-0.27Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
0.29VS-0.05Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
2.56VS2.05Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
5.85VS5.42Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Aditya Birla Sun Life Mutual Fund News
Fund Manager
- S.d.Sunaina da CunhaSince Jun 20142 schemes
- K.G.Kaustubh GuptaSince Jul 20118 schemes
- M.G.Monika GandhiSince Mar 20211 schemes
Ms. Cunha is a B.Com (H) and MBA from FMS, Delhi. Prior to joining Aditya Birla Sun Life Asset Management Company, she has worked with Aditya Birla Management Corporation Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Aditya Birla Sun Life Liquid Fund Regular-IDCW Weekly Liquid 100.34 51,273.51 7.34 Aditya Birla Sun Life Savings Regular-IDCW Weekly Ultra Short Duration 100.42 14,453.67 7.47 Mr. Gupta is a B.Com and a Chartered Accountant. Prior to joining Aditya Birla Sun Life AMC he has worked with ICICI Bank.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Aditya Birla Sun Life Floating Rate Fund Regular-IDCW Weekly Floater 100.69 12,634.50 7.64 Aditya Birla Sun Life Liquid Fund Regular-IDCW Weekly Liquid 100.34 51,273.51 7.34 Aditya Birla Sun Life Money Manager Fund Regular-IDCW Weekly Money Market 100.17 26,499.23 7.63 Aditya Birla Sun Life Savings Regular-IDCW Weekly Ultra Short Duration 100.42 14,453.67 7.47 Aditya Birla Sun Life Overnight Fund Regular-IDCW Weekly Overnight 1,001.05 7,080.32 6.70 Aditya Birla Sun Life Low Duration Fund Regular-IDCW Weekly Low Duration 100.63 10,832.55 6.88 Aditya Birla Sun Life Money Manager Fund Ret-IDCW Weekly Money Market 103.85 Unrated 26,499.23 7.63 Aditya Birla Sun Life Floating Rate Fund Retail-Weekly IDCW Floater 100.74 Unrated 12,634.50 7.64 Ms. Gandhi is CA, CAIIB and B.Com.(Hons) Prior to joining Aditya Birla Sun life Mutual Fund, she was a Deputy General Manager in IDBI Bank for 13 years wherein she handled project appraisal, credit evaluation and credit monitoring for Large and Mid-Corporates.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Aditya Birla Sun Life Savings Regular-IDCW Weekly Ultra Short Duration 100.42 14,453.67 7.47
More Aditya Birla Sun Life Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Aditya Birla Sun Life Liquid Fund Regular-Growth | 44,331.38 | 0.60 | 1.86 | 3.73 | 7.26 | 5.71 | |
Aditya Birla Sun Life Liquid Fund Retail- Growth | 44,331.38 | 0.60 | 1.86 | 3.73 | 7.26 | 5.71 | |
Aditya Birla Sun Life Frontline Equity Fund Regular-Growth | 27,274.77 | 6.07 | 11.31 | 15.34 | 32.58 | 17.79 | |
Aditya Birla Sun Life Money Manager Fund Regular-Growth | 23,737.60 | 0.63 | 1.93 | 3.92 | 7.50 | 6.00 | |
Aditya Birla Sun Life Money Manager Fund Ret-Growth | 23,737.60 | 0.63 | 1.93 | 3.92 | 7.50 | 6.00 | |
Aditya Birla Sun Life Corporate Bond Fund Regular-Growth | 22,042.26 | 0.78 | 1.97 | 4.05 | 7.49 | 5.81 | |
Aditya Birla Sun Life Flexi Cap Fund Regular-Growth | 20,473.40 | 6.26 | 12.39 | 16.70 | 36.80 | 16.71 | |
Aditya Birla Sun Life ELSS Tax Saver Regular-Growth | 15,481.43 | 6.89 | 14.30 | 17.92 | 35.37 | 12.79 | |
Aditya Birla Sun Life Savings Regular-Growth | 13,579.62 | 0.61 | 1.96 | 3.86 | 7.38 | 5.89 | |
Aditya Birla Sun Life Savings Retail-Growth | 13,579.62 | 0.61 | 1.96 | 3.86 | 7.38 | 5.89 |
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1. Aditya Birla Sun Life Savings Fund - Retail Plan is Open-ended Ultra Short Duration Debt scheme which belongs to Aditya Birla Sun Life Mutual Fund House.
2. The fund was launched on Jun 05, 2007.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme aims to generate regular income from a portfolio of debt and money market instruments, cash and cash equivalents. "
2. It is benchmarked against NIFTY Ultra Short Duration Debt Index B-I.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Aditya Birla Sun Life Savings Fund - Retail Plan is 0.46 years and Duration is 0.39 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Aditya Birla Sun Life Savings Retail-IDCW Weekly
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
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FAQs about Aditya Birla Sun Life Savings Retail-IDCW Weekly
- Is it safe to invest in Aditya Birla Sun Life Savings Fund - Retail Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Aditya Birla Sun Life Savings Fund - Retail Plan comes under Moderate risk category.
- What is the category of Aditya Birla Sun Life Savings Fund - Retail Plan?Aditya Birla Sun Life Savings Fund - Retail Plan belongs to the Debt : Ultra Short Duration category of funds.
- How Long should I Invest in Aditya Birla Sun Life Savings Fund - Retail Plan?The suggested investment horizon of investing into Aditya Birla Sun Life Savings Fund - Retail Plan is 3 - 6 months. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Aditya Birla Sun Life Savings Fund - Retail Plan?The Aditya Birla Sun Life Savings Fund - Retail Plan is managed by Sunaina da Cunha (Since Jun 20, 2014) , Kaustubh Gupta (Since Jul 15, 2011) and Monika Gandhi (Since Mar 22, 2021).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.