Aditya Birla Sun Life Credit Risk Fund

An open ended debt scheme predominantly investing in AA and below rated corporate bonds. A relatively high interest rate risk and relatively high credit risk. Number of Segregated Portfolios – 1

Fund Category Credit Risk Fund

Investment Objective The investment objective of the Scheme is to generate returns by predominantly investing in a portfolio of corporate debt securities with short to medium term maturities across the credit spectrum within the investment grade. The Scheme does not guarantee/indicate any returns. There can be no assurance that the Schemes' objectives will be achieved.

Fund Details
Fund Manager: Ms. Sunaina Da Cunha,
Mr. Mohit Sharma &
Mr. Dhaval Joshi
Managing Fund Since: April 17, 2015 &
August 06, 2020,
November 21, 2022
Experience in Managing the Fund: 8.1 years, 2.8 years & 0.5 years
Date of Allotment: April 17, 2015
Type of Scheme: An open ended debt scheme predominantly investing in AA and below rated corporate bonds. A relatively high interest rate risk and relatively high credit risk.
Application Amount for fresh subscription: 100
(plus in multiplies of 1)
Min. Addl. Investment: 100
(plus in multiplies of 1)
SIP: Monthly: Minimum 100/-
NAV of Plans / Options () $Income Distribution cum capital withdrawal
Regular Plan
Growth: 17.7936
IDCW$: 11.1600
Bonus: -
Direct Plan
Growth: 19.1581
IDCW$: 12.0287
Bonus: 19.1574
Benchmark: NIFTY Credit Risk Bond Index C-III
Monthly Average AUM: 1031.01 Crores
AUM as on last day: 1020.74 Crores
Load Structure (as % of NAV) (Incl. for SIP)
Entry Load: Nil
Exit Load: In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 1 year from the date of allotment - 3.00% of applicable NAV. For redemption / switch-out of units after 1 year but on or before 2 years from the date of allotment - 2.00% of applicable NAV. For redemption / switch-out of units after 2 year but on or before 3 years from the date of allotment - 1.00% of applicable NAV. For redemption / switch-out of units after 3 years - Nil.
Exit Load is NIL for units issued in Reinvestment of IDCW
Other Parameters
Modified Duration: 1.26 years
Average Maturity: 1.51 years
Yield to Maturity: 8.23%
Macaulay Duration: 1.33 years
Calculation of YTM doesn't include Stressed Assets (ITPCL, JRPICL & VIL). Refer the Annexure for Update on Stressed Assets.
Total Expense Ratio (TER)
Including additional expenses and goods and service tax on management fees.
Regular 1.53%
Direct 0.68%

Data as on 30th June 2023 unless otherwise specified

Portfolio Holdings
Issuer
% to net Assets
Rating
Fixed rates bonds - Corporate 67.22%  
Century Textiles & Industries Limited  4.87% CRISIL AA
Tata Projects Limited  4.80% IND AA
TATA Realty & Infrastructure Limited  4.06% ICRA AA+
Steel Authority of India Limited  2.97% CARE AA
GIC Housing Finance Limited  2.94% ICRA AA
Tata Power Company Limited  2.94% CARE AA
JSW Steel Limited  2.93% ICRA AA
Nuvoco Vistas Corp Limited  2.74% CRISIL AA
Avanse Financial Services Ltd  2.47% CARE AA-
Godrej Industries Limited  2.45% ICRA AA
Nexus Select Trust  2.45% ICRA AAA
Adani Transmission Limited  2.44% IND AA+
Yes Bank Limited  2.41% ICRA A-
ONGC Petro Additions Limited  2.41% ICRA AA
GR Infraprojects Limited  2.39% CARE AA+
ANDHRA PRADESH CAPITAL REGION DEVELOPMENT AUTHORITY  2.20% CRISIL A-(CE)
Summit Digitel Infrastructure Private Limited  1.97% CRISIL AAA
ONGC Petro Additions Limited  1.96% ICRA AA
JM Financial Products  Limited  1.94% ICRA AA
COASTAL GUJARAT POWER LTD  1.77% CARE AA
Arka Fincap Limited  1.76% CRISIL AA-
DLF Cyber City Developers Limited  1.53% CRISIL AA
Oxyzo Financial Services Pvt Ltd  1.49% ICRA A+
Godrej Properties Limited  1.47% ICRA AA+
Samvardhana Motherson International Limited  1.47% IND AAA
Summit Digitel Infrastructure Private Limited  1.42% CRISIL AAA
U.P. Power Corporation Limited  1.30% BWR AA-(CE)
U.P. Power Corporation Limited  1.23% BWR AA-(CE)
Tata Motors Finance Limited  0.29% CRISIL AA
Power Finance Corporation Limited  0.11% CRISIL AAA
REC Limited  0.05% ICRA AAA
NTPC Limited  0.00% CRISIL AAA
Floating rates notes - Corporate 12.41%  
JM Financial Credit Solutions Ltd  3.65% ICRA AA
Varanasi Sangam Expressway Private Limited  2.65% IND AAA
Vedanta Limited  1.95% CRISIL AA
DME Development Limited  0.42% CRISIL AAA
DME Development Limited  0.42% CRISIL AAA
DME Development Limited  0.42% CRISIL AAA
DME Development Limited  0.42% CRISIL AAA
DME Development Limited  0.42% CRISIL AAA
DME Development Limited  0.42% CARE AAA
DME Development Limited  0.42% CRISIL AAA
DME Development Limited  0.41% CRISIL AAA
DME Development Limited  0.41% CRISIL AAA
DME Development Limited  0.41% CRISIL AAA
Government Bond 6.30%  
7.38% GOI 20JUN2027 1.98% SOV
7.26% GOVERNMENT OF INDIA 06FEB33 1.98% SOV
7.26% GOI 22AUG2032 0.99% SOV
7.10% GOVERNMENT OF INDIA 18APR29 0.98% SOV
5.22% GOVERNMENT OF INDIA 15JUN25 G-SEC 0.38% SOV
Cash Management Bills 3.02%  
Government of India 1.45% SOV
Government of India 0.80% SOV
Government of India 0.77% SOV
Transport Infrastructure 0.65%  
IRB InvIT Fund 0.65%  
Cash & Current Assets 10.39%  
Total Net Assets 100.00%  
Rating Profile of Portfolio
  • Past performance may or may not be sustained in future. The above performance is of Regular Plan - Growth Option. Kindly note that different plans have different expense structure. Load and Taxes are not considered for computation of returns. When scheme/additional benchmark returns are not available, they have not been shown. Total Schemes Co-Managed by Fund Managers is 2. Total Schemes managed by Mr. Mohit Sharma is 20. Total Schemes managed by Ms. Sunaina Da Cunha is 5. Total Schemes managed by Mr. Dhaval Joshi is 47. Click here to know more on performance of schemes managed by Fund Managers.

Note: The exit load (if any) rate levied at the time of redemption/switch-out of units will be the rate prevailing at the time of allotment of the corresponding units. Customers may request for a separate Exit Load Applicability Report by calling our toll free numbers 1800-270-7000 or from any of our Investor Service Centers.



This page is a part of the July 2023 Factsheet of Aditya Birla Sun Life Mutual Fund. Click on http://empower.abslmf.com/ for the digital factsheet.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.


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