Aditya Birla SL Floating Rate Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 322.8724   0.1207(0.037 %) NAV as on 27 Mar 2024
Prime Rating: 5 
Prime Recommendation: Upgrade to see

Fund type:
Debt
AUM (in crores):
₹ 11,705.15
Fund category:
Floating Rate
Fund manager(s):
Kaustubh Gupta, Harshil Suvarnkar
Benchmark:
NIFTY Low Duration Debt Index
Minimum investment:
₹ 1000
Launch date:
01 Jan 2013
Min. additional investment:
₹ 1000
Expense ratio:
0.23 %
Exit load:
N/A

Scheme Objective: The primary objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The scheme may invest a portion of its net assets in fixed rate debt securities and money market instruments.


Performance (As on 27 Mar 2024)

>
1 week returns3 month returns6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme0.17 % 2.01 %3.67 % 7.96 % 6.10 %6.79 % 7.96 %

Portfolio

Top 10 instruments
Type
Allocation (%)
Rating
Government of India (22/09/2033)
Government Securities
9.03%
Sovereign
5.70% National Bank For Agriculture and Rural Development (31/07/2025) **
Corporate Debt
2.99%
ICRA AAA
8.10% SMFG India Credit Co. Ltd. (22/03/2024) **
Corporate Debt
2.86%
CRISIL AAA
Small Industries Development Bank of India (07/02/2025) ** #
Certificate of Deposit
2.79%
CARE A1+
Net Receivables / (Payables)
Cash & Cash Equivalents and Net Assets
2.4%
Cash
10.0315% Aditya Birla Housing Finance Limited (15/03/2024) (FRN) **
Floating Rate Instruments
2.14%
ICRA AAA
7.44% REC Limited (30/04/2026)
Corporate Debt
1.91%
ICRA AAA
8.061% ICICI Home Finance Company Limited (25/03/2026) **
Corporate Debt
1.71%
ICRA AAA
Government of India (30/10/2034)
Government Securities
1.61%
Sovereign
5.83% State Bank of India (26/10/2030) **
Corporate Debt
1.57%
ICRA AAA

About this category

Floating rate debt funds invest in instruments whose rates are tied to market rates and will move based on the underlying rate movement. This automatic adjusting of coupons reduce risks of locking into rates and allow for quicker adjustment to market rates. This works to an advantage during rising rate cycles. Returns from these funds come from interest accrual. Average maturities for these funds can vary, since many funds also go in for derivative instruments but tend to be shorter term in nature.

Suitability

These funds suit any investor with investment horizons of 1.5 to 3 years and higher.

Taxation

For investments made before April 1st, 2023

Short-term: Holding period is less than 36 months.

Taxation: Capital gains are taxed at individuals slab rate


Long-term: Holding period is 36 months or more.

Taxation: Capital gains are taxed at 20% with indexation benefit.

For investments made on and after April 1st, 2023

All capital gains are treated as short-term capital gains irrespective of holding period and will be taxed at individuals slab rate.

How are mutual fundstaxed

How are mutual funds taxed?

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