Debt
Direct
Floating Rate
NAV as on 05-09-2024
₹ 334.44
Inception Returns
8%
/yr
Aditya Birla Sun Life Floating Rate Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Harshil Suvarnkar, Kaustubh Gupta. This fund is suitable to keep your money safe.
Aditya Birla Sun Life Floating Rate Fund Direct Growth has given a CAGR return of 7.97% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.84%, 6.37% and 6.65% respectively.
Aditya Birla Sun Life Floating Rate Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent, Securitize. Its top holdings are 8.34% Govt Stock 2033, LIC Housing Finance Ltd, National Bank For Agriculture And Rural Development, Hdb Financial Services Limited, Bajaj Housing Finance Limited
As it is a floating rate mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 1000.00. Aditya Birla Sun Life Floating Rate Fund Direct Growth has no lock in period.
Expense ratio | 0.23% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹12662 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹1000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 443.04% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Low to Moderate Risk |
as on (05-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Financial Services, Corporate & Government
Aditya Birla Sun Life Floating Rate Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.58% | 0.58% |
6 Month Returns | 4.12% | 4.12% |
1 Year Returns | 7.84% | 7.84% |
3 Years Returns | 20.36% | 6.37% |
5 Years Returns | 38% | 6.65% |
AAA | 100 |