Aditya Birla Sun Life Floating Rate Fund Direct Plan Growth
- 7.79%
- (+0.12)275.9164
Min amount: ₹1,000
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Fund Summary
| Period | Returns(per year) |
|---|---|
| 10 Years | -- |
| 5 Years | 7.79% |
| 3 Years | 7.89% |
| 1 Year | 5.06% |
| 6 Months | 2.5% |
| Fund Details | |
|---|---|
| ISIN | INF209K01UX7 |
| Risk | Low to Moderate Risk |
| Fund Type | Floating Rate |
| NAV | 275.9164 |
| Exit Load | -- |
More about this fund
| Top Holdings | Weightage |
|---|---|
| 8.79% Govt Stock 2021 | 6.97% |
| Clearing Corporation Of India Limited | 3.92% |
| National Bank For Agriculture And Rural Development | 3.17% |
| Axis Bank Limited | 3.13% |
| 8.21% HR SDL Spl 2023 | 2.68% |
| Reliance Ports and Terminals Limited | 2.56% |
| Indian Oil Corporation Limited | 1.77% |
| Aditya Birla Finance Limited | 1.57% |
| Nabha Power Limited | 1.57% |
| Aditya Birla Housing Finance Limited | 1.57% |
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
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