Rating : ★ ★ ☆ ☆ ☆
Aditya Birla Sun Life Floating Rate Fund Regular Plan Daily Rnvstmnt Inc Dist cum Cap Wdrl
 ÂFloater Fund
Fund Type
Open Ended
Investment Plan
Dividend Reinvestment
Expense Ratio
0%
Asset Size
13089.03 Cr.
(As of 15 Sep, 2023)
Benchmark
Crisil Low Duration Debt TR INR
Riskometer
Investors understand that their principal will be at Low to Moderate Risk.
Objective
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.
 
Fund manager
Kaustubh Gupta
Exit load
N / A
Minimum sip
₹1000
Minimum investment
₹1000
Top Holdings
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
Company
Assets
8.51% Govt Stock 2033
8.80%
6.97% Govt Stock 2024
3.45%
Fullerton India Credit Company Ltd
2.57%
National Bank For Agriculture And Rural Development
2.34%
Sector Allocation
About the Scheme Type
Floater Funds invest a major proportion of its corpus, at least 65%, in floating rest instruments and remaining in fixed incomesecurities. Given their inclination towards variable components,they propose a lower degree of sensitivity to the changes in theinterest rate which is one of their key advantages. And it’s for this primary reason that Floater Funds appeal to risk-averse investors. A second benefit of these funds is that they help investors acquire a diversified bond or loan portfolio at a lower investment rate.
Ratings
This fund is rated 2 stars by Morning Star Ratings.
★ ★ ☆ ☆ ☆
Overview of Aditya Birla Sun Life AMC Ltd
Aditya Birla Sun Life AMC Limited (formerly known as Birla Sun Life Asset Management Company Limited), the investment manager of Aditya Birla Sun Life Mutual Fund (formerly known as Birla Sun Life Mutual Fund), is a joint venture between the Aditya Birla Group and the Sun Life Financial Inc. of Canada.
The joint venture brings together the Aditya Birla Group's experience in the Indian market and Sun Life's global experience. Aditya Birla Sun Life Mutual Fund (ABSLMF) was established in 1994 and is co-sponsored by Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc. The Aditya Birla Sun Life Mutual Fund is one of the leading Fund Houses in India based on domestic average AUM as published by the Association of Mutual Funds of India (AMFI). The Aditya Birla Mutual Fund has total domestic assets under management (AUM) of close to Rs. 2423 billion (Quarter ended December 31st, 2018). The fund house has an extraordinary mix of reach, a wide range of product offerings across equity, debt, balanced as well as structured asset classes and sound investment performance, with around 6.8 million investor folios (as of December 31st, 2018).