Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth - Regular - Latest NAV [ ₹274.4293 ], Returns, Performance, Portfolio & Returns 2021

Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth

  • highlight
    7.93%
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    (+0.13)274.4293

Min amount: ₹1,000

Calculate Returns

20 yrs
Rs. 1,000 invested monthly becomes Rs. 5.88 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years7.93%
3 Years7.97%
1 Year5.81%
6 Months1.95%
Fund Details
ISININF209K01UX7
RiskLow to Moderate Risk
Fund TypeFloating Rate
NAV274.4293
Exit Load--

More about this fundstar

Top HoldingsWeightage
Axis Bank Limited3.49%
National Bank For Agriculture And Rural Development3.12%
8.79% Govt Stock 20212.88%
8.21% HR SDL Spl 20232.82%
Reliance Ports and Terminals Limited2.75%
Net Receivables / (Payables)2.23%
Clearing Corporation Of India Limited2%
Indian Oil Corporation Limited1.97%
Aditya Birla Finance Limited1.76%
Aditya Birla Housing Finance Limited1.76%

About Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth

The main intention of the scheme is to generate a regular income by constituting a portfolio mostly consisting of fixed-income securities that offer floating interest rate. Only a certain portion of the portfolio is allocated towards fixed-rate debt or money market instruments.

Pros and Cons of Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth

The primary benefit of investing in this scheme is that you get exposure to a portfolio consisting of several fixed-income securities across both debt and money markets that offer floating and fixed-interest. On the flip side, the returns offered by this scheme can be restricted as the fund has minimal exposure towards equity

Fund Information and Statistics

i) Inception/Launch Date

Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth was launched on 1 January 2013.

ii) Risk Level

Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth has been categorised under ‘moderately low risk’ class of mutual fund schemes.

iii) Redemption

Since Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth is an open-ended mutual fund scheme, you can sell your fund units at any time.

iv) Fund Manager

Mr Pranay Sinha and Mr Kaustubh Gupta are the current fund manager of Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth.

v) Entry/Exit load

There is no entry load as per the norms set by the Indian market watchdog. Aditya Birla Sun Life Floating Rate Fund - Direct Plan - Growth comes with no exit load as well.

About Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Mutual Fund was incorporated back in the year 1994 due to a joint venture between Sun Life Financial Inc, a Canadian based firm, and Aditya Birla Group. They also happen to be the sponsors of the fund house. Aditya Birla Sun Life Trustee Company Private Limited is its trustee company. As of June 2020. The assets under management of the fund house touched Rs 2,38,673.83 crore.

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Min amount: ₹1,000

Calculate Returns

20 yrs
Rs. 1,000 invested monthly becomes Rs. 5.88 Lakhs in a period of 20 years
Low to Moderate Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns