Aditya Birla Sun Life Short Term Fund

Aditya Birla Sun Short Term Fund (ABSL Short Term) is an open-ended short duration debt scheme launched by Aditya Birla Sun Life Mutual Fund House on 1st January 2013 with Macaulay duration portfolio between 1 to 3 years. This fund is managed by Mr Kaustubh and Mr Mohit Sharma.

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Fund in Brief

Aditya Birla Sun Life short term fund was previously called Aditya Birla Sun Life Short Term Opportunities Direct-G. AUM of this fund is 7,062 crores, and the updated NAV is Rs. 39.046 (w.e.f 20th June 2021). This fund has 94.57% investments in the debts of which Government securities hold 19.92% and 73.53% of the fund is invested in very low-risk securities. 

This scheme has a Regular and Direct plan with the same portfolio but has different NAV’s. There are six divisions featured in ABSL Short Term Fund they are: 

  • Regular Growth
  • Direct-Growth
  • Regular IDCW
  • Direct IDCW
  • Regular IDCW Quarterly
  • Direct IDCW Quarterly

IDCW (Pay-out & Reinvestment Facility) represents- Income Distribution-cum-Capital Withdrawal. When it comes to the Direct Plan, it is applicable for the investors who purchase the units in a scheme directly with the Mutual fund, and it is not applicable for the investors who invest through a distributor.

Some of the top holdings of this fund are Bihar State, Clearing Corporation of India, Govt stock, Housing Finance Corporation Ltd, LIC Housing Finance Ltd, L&T Infrastructure Finance Co. Ltd, National Bank for Agriculture and Rural Development, Reliance Industries Ltd, Rural Electrification Corporation Limited, etc.

ABSL Investment Facts

Parameter

Details

Fund Name 

Aditya Birla Sun Life Short Term Fund

Fund House

Aditya Birla Sun Life Mutual Fund

Launch Date 

10/05/2003

Benchmark

CRISIL Short-Term Bond Fund Index  

Type

Open-Ended, Debt

Minimum Investment 

Rs 1000

Lump-sum- Rs. 5000

Minimum Additional Investment- Rs. 1000

Minimum SIP Investment- Rs. 50)

Lock-in Period

No Lock-in

Entry Load

0.0%

Exit Load

0.0%

Return Performance

Average Annual Returns

Fund Consistency

Above Average

Risk Level

Moderate Risk

Investment Objective

ABSL Short Term Funds’ primary objective is to generate capital and income on the corpus. This corpus investment is 100% in a diversified portfolio of money market securities and debts. The basic objective of this fund is to generate regular income by investing in money market instruments and investment-grade fixed-income securities with short to medium tenure maturities.

Fund Summary

  1. Aditya Birla Sun Life Short Term Fund Regular Growth

    • Risk- Moderate
    • NAV (Net Asset Value)- Rs. 37.08 (w.e.f 18th June 2021)
    • Minimum SIP- Rs. 1000
    • Expense Ratio- 1.10%
    • Fund Started- 24th April 2003
    • Fund size- Rs.7,062 crores.
  2. Aditya Birla Sun Life Short Term Fund Direct-Growth

    • Risk- Moderate
    • NAV (Net Asset Value)- Rs. 39.05 (w.e.f 18th June 2021)
    • Minimum SIP- Rs. 1000
    • Expense Ratio- 0.40%
    • Fund Started- 1st January 2013
    • Fund size- Rs.7,062 crores.
  3. Aditya Birla Sun Life Short Term Fund Regular IDCW

    • Risk- Moderate
    • NAV (Net Asset Value)- Rs.17.17 (w.e.f 18th June 2021)
    • Minimum SIP- Rs. 1000
    • Expense Ratio- 1.10%
    • Fund Started- 24th April 2003
    • Fund size- Rs.7,062 crores.
  4. Aditya Birla Sun Life Short Term Fund Direct IDCW

    • Risk- Moderate
    • NAV (Net Asset Value)- Rs.18.07 (w.e.f 18th June 2021)
    • Minimum SIP- Not Supported 
    • Expense Ratio- 0.40%
    • Fund Started- 1st January 2013
    • Fund size- Rs.7,062 crores
  5. Aditya Birla Sun Life Short Term Fund Regular IDCW Quarterly

    • Risk- Moderate
    • NAV (Net Asset Value)- Rs.10.62 (w.e.f 18th June 2021)
    • Minimum SIP- Rs. 1000
    • Expense Ratio- 1.10%
    • Fund Started- 17th February 2010
    • Fund size- Rs.7,062 crores.
  6. Aditya Birla Sun Life Short Term Fund Direct IDCW Quarterly

    • Risk- Moderate
    • NAV (Net Asset Value)- Rs.10.96 (w.e.f 18th June 2021)
    • Minimum SIP- not supported 
    • Expense Ratio- 0.40%
    • Fund Started- 1st January 2013
    • Fund size- Rs.7,062 crores.

Fund Returns Summary

  1. Aditya Birla Sun Life Short Term Fund Regular Growth- Returns 

    Fund Returns since inception- 8.4%  

    Tenure 

    Fund Return

    Category average 

    Category Rank

    1 year

    8.4%

    7.0%

    3

    3 years

    8.7%

    6.2%

    4

    5 years 

    8.0%

    6.5%

    3

  2. Aditya Birla Sun Life Short Term Fund Direct Growth- Returns 

    Fund Returns since inception- 9.5%

    Tenure 

    Fund Return

    Category average 

    Category Rank

    1 year

    9.1%

    7.0%

    3

    3 years

    9.4%

    6.2%

    2

    5 years 

    8.7%

    6.5%

    2

  3. Aditya Birla Sun Life Short Term Fund Regular IDCW- Returns

    Fund Returns since inception- 8.4%

    Tenure 

    Fund Return

    Category average 

    Category Rank

    1 year

    8.4%

    7.0%

    3

    3 years

    8.7%

    6.2%

    4

    5 years 

    8.0%

    6.5%

    3

  4. Aditya Birla Sun Life Short Term Fund Direct IDCW- Returns

    Fund Returns since inception- 9.5%

    Tenure 

    Fund Return

    Category average 

    Category Rank

    1 year

    9.1%

    7.0%

    3

    3 years

    9.4%

    6.2%

    2

    5 years 

    8.7%

    6.5%

    2

  5. Aditya Birla Sun Life Short Term Fund Regular IDCW- Returns

    Fund Returns since inception- 0.8%

    Tenure 

    Fund Return

    Category average 

    Category Rank

    1 year

    8.4%

    7.0%

    3

    3 years

    8.7%

    6.2%

    4

    5 years 

    8.0%

    6.5%

    3

  6. Aditya Birla Sun Life Short Term Fund Direct IDCW Quarterly- Returns

    Fund Returns since inception- 9.5%

    Tenure 

    Fund Return

    Category average 

    Category Rank

    1 year

    9.1%

    7.0%

    3

    3 years

    9.4%

    6.2%

    2

    5 years 

    8.7%

    6.5%

    2

Pros and Cons Table

Pros 

Cons

One-year fund returns are higher than the category average returns.

The risk-adjusted returns are higher than the category returns.

3-year fund returns are higher than the category average returns.

5-year fund returns are higher than the category average returns.

Exit load is zero

Age is more than ten years.

Benefits of Aditya Birla Sun Life Short Term Fund

  • Tax benefits: Negligible tax, i.e., 20% with indexation benefit, will be imposed for the past three years on the returns on this fund. For the returns sold before three years, the tax will be imposed under the income tax slab. 
  • The savings of the investors will grow faster with low risk in less time.
  • Stable returns: This investment is invested in the investment instruments like government securities, money market instruments, and treasury bills, etc., which will offer fixed fund return rates, due to which the stable returns are performed in the capital market.
  • Balancing the risk of the portfolio: Due to the moderate risk level, these funds balance the portfolio’s risk.
  • Reducing the risk in investing the funds due to diversification of investments.

Fund House Details

Aditya Birla Sun Life Mutual Fund (since its inception 24 years) is one of the popular AMC (Asset Management Company) in India formed in a coalition of Aditya Birla Group and Sun Life Financial Incorporation of Canada (51:49), which was established in 1994. 

ABSL Short term fund provided 124 different kinds of mutual fund schemes across the debt, equity and, balanced plans, and offshore funds. Also, it offers fund schemes in various categories such as Flexi cap, Large-cap, corporate bond, ELSS, and Low duration. It has an AUM of Rs. 2, 74,300 crores. 

The fund has grown into one of the popular AMC and generated many investors because of its consistency in investment performance, the broad reach of the fund schemes, and offering smart plans. It is offering user-friendly and digital services where customers can invest at ease.

Who Should Invest in Aditya Birla Short Life Term Funds?

ABSL Short Term Fund offers income growth in a short period. This investment fund is suitable for the investors who are looking for:

  • Investments in debts and even in the money market instruments.
  • Income with capital growth over the short term.

Generally, this fund is recommended to the investors looking for a regular income to meet their expenses and the investors who want to build the emergency corpus.

The Bottom Line

Aditya Birla Sun Life Short Term Fund is the best investment option for investors investing in creating wealth or tax-saving or earning a regular income. Also, this fund provides consistency in returns which is a secure investment option for the investors.

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