Aditya Birla Sun Life Short Term Fund is an open-ended debt mutual fund that invests in debt and money market instruments with an average maturity of 1-3 years. The fund aims to generate income and capital appreciation for its investors.
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Aditya Birla Sun Life Short Term Fund is a medium sized fund of its category. This fund was launched on 1 January, 2013 and has been in operation for 10 years and 8 months. The assets under management (AUM) of Aditya Birla Sun Life Short Term Fund are ₹6,033 Crores as of 30th June 2023 and the current NAV is ₹44.30.
The returns of the last 1 year are 7.10%%. Aditya Birla Sun Life Short Term Fund has consistently outperformed by delivering 8.57% average annual returns.
Highlights of Aditya Birla Sun Life Short Term Fund:
The minimum investment for Aditya Birla Sun Life Short Term Fund is ₹1000.
Aditya Birla Sun Life Short Term Direct Fund shows above-average consistency in delivering returns compared to its peers.
The majority of the fund’s money invested in the Sovereign sector.
The top 5 holdings of the fund are in GOI, Embassy Office Parks REIT, HDFC Bank Ltd., DME Development Ltd., First Business Receivable Trust.
The fund maintains a high credit profile, indicating it has lent to high-quality borrowers
Fund House | Aditya Birla Sun Life |
Date of Incorporation | 1 January 2013 |
Fund Benchmark | NIFTY Short Duration Debt Index B-II |
Total AUM | ₹6,033 Cr |
NAV of the Fund | ₹44.30 |
Expense Ratio | 0.38% |
Returns since inception | 8.66% p.a. |
Risk Level | Moderate |
Investment Objective | The scheme seeks to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities. |
Minimum Investment Amount | For 1st installment: ₹1000 For 2nd installment: ₹1000 Minimum SIP of: ₹1000 |
Top Fund Managers | Mr. Kaustubh Gupta- Tenure: Sep 2014 - Present Mr. Mohit Sharma- Tenure: Aug 2020 - Present Mr. Dhaval Joshi- Tenure: Nov 2022 - Present |
**Note: You can check the returns on your mutual fund investment using the SIP Calculator
Following is the performance of the short term fund over the years:
As on 14th September 2023 | 1 Year | 3 Years | 5 Years | All |
Annual Returns | 7.10% | 6.00% | 7.90% | 8.70% |
Category Average | 6.30% | 6.00% | 5.00% | NA |
The top 10 holdings of the Aditya Birla Sun Life Short Term Fund as of September 13th, 2023 are:
Top Holdings | Sector | Asset |
GOI | Sovereign | 13.1% |
GOI | Sovereign | 8.6% |
GOI | Sovereign | 8.3% |
GOI | Sovereign | 3.2% |
HDFC Bank Ltd. | Financial | 2.5% |
GOI | Sovereign | 2.4% |
Embassy Office Parks REIT | Construction | 2.4% |
LIC Housing Finance Ltd. | Financial | 2.2% |
GOI | Sovereign | 1.7% |
GOI | Sovereign | 1.7% |
Debt sector allocation by weightage refers to the percentage of a portfolio that is invested in debt securities. The debt sector allocation for Aditya Birla Sun Life Short Term Fund by weightage as of 31st July, 2023 are:
Sector | Weightage (%) |
Sovereign | 43.2% |
Financial | 33.8% |
Construction | 13.9% |
Others | 9.1% |
Aditya Birla Sun Life Short Term Fund has allocated a substantial 96.90% of its portfolio towards debt holdings.
Category | Percentage/Details |
Expense Ratio | 0.38% |
Exit Load | NIL |
Stamp Duty | 0.005% (from July 1st, 2020) |
Taxation
Returns of the Aditya Birla Sun Life Short Term Fund are taxed as per your Income Tax slab.
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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