Aditya Birla Sun Life Floating Rate Fund Direct Growth
Debt
Direct
Floating Rate
NAV as on 05-09-2024
₹ 334.44
Inception Returns
8%
/yr
About the Fund
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.
Key Parameters
- Aditya Birla Sun Life Floating Rate Fund Direct Growth has ₹12662 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.2.
Returns
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.
Holdings
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
Taxation
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.
Investment objective of Aditya Birla Sun Life Floating Rate Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
Fund Overview
| 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 |
Trailing Returns
as on (05-Sep-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 12.6K Cr as of Jul'24
- AUM increased by 234.7 Cr between Jul'24 and Jun'24
Top 3 Sectors in July were Financial Services, Corporate & Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 8.34% Govt Stock 2033 | 8.81% | 0% | |
LIC Housing Finance Ltd | 3.45% | 0% | |
National Bank For Agriculture And Rural Development | 3.14% | 0% | |
Hdb Financial Services Limited | 2.36% | 0% | |
Bajaj Housing Finance Limited | 2.02% | 0% |
Mutual Fund Insights
Aditya Birla Sun Life Floating Rate Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.23%
Frequently Asked Questions
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% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |