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Aditya Birla Sun Life AMC Limited
Debt
Index Funds
An open ended Target Maturity Index Fund tracking the CRISIL IBX AAA Index – March 2024. A moderate interest rate risk and relatively low credit risk.
Annualized Returns %
Annualized
Returns %
Aditya Birla Sun Life
CRISIL IBX AAA Mar 2024
Index Fund
SIP Amount
Min . ₹ 500
Lumpsum Amount
Min. ₹ 500
Fund Overview
Aditya Birla Sun Life CRISIL IBX AAA MAR 2024 Index Fund is an open ended Target Maturity Index Fund tracking the CRISIL IBX AAA Index – March 2024. A moderate interest rate risk and relatively low credit risk.
Investment Objective
The investment objective of the Scheme is to generate returns
corresponding to the total returns of the securities as represented by the
CRISIL IBX AAA Index – March 2024 before expenses, subject to tracking
errors.
The Scheme does not guarantee/indicate any returns. There can be no
assurance or guarantee that the investment objective of the Scheme
will be achieved.
Why one can invest:
-
If you are looking for predictable and transparent returns from your debt investment.
-
If you want to align your financial goals with a target maturity fund set to mature around March 2024.
-
If you value liquidity with an open-ended fund allowing easy exit without load charges.
-
If you prioritize low credit risk through investments in high-quality AAA bonds.
-
If you seek the benefits of passive investing, such as low costs and a minimum investment as low as Rs. 500.
Fund Details
CAGR
Latest NAV
AUM
Inception Date
Risk
Investment Horizon
Short to medium term, up to the maturity date of fund i.e.: 31st March 2024
Annualized Benchmark Returns
Min Investment
Entry load
NIL
Exit load
NIL
Total Expense Ratio (TER)
Sharpe Ratio
Beta Ratio
Other Parameters
Standard Deviation
Modified Duration
-
Yield to Maturity
-
Portfolio Turnover:
-
Average Maturity
-
Macaulay Duration
-
Net Equity Exposure
-
Fund Managers
Mr. Mohit Sharma
Mr. Sanjay Godambe
Riskometer
(An open ended Target Maturity Index Fund tracking the CRISIL IBX AAA Index – March 2024. A moderate interest rate risk and relatively low credit risk)
This product is suitable for investors who are seeking
-
Income over the target maturity period
-
Open ended Target Maturity Index Fund that seeks to track CRISIL IBX AAA Index – March 2024
*Investors should consult their financial advisers if in doubt whether the product is suitable for them
Portfolio & Sector Holdings
Retail
% of Net Assets
Sector Holdings
Dividend History
Any income received under this option would be considered as income for the investors and hence would be taxed at applicable tax slab rates.
Investment Performance
IDCW Plan of this scheme has distributed income to its investors out of its earnings, from time to time. The details of the same is tabulated:| Declared on date | IDCW Yield (Regular Plan) | IDCW Per Unit | Cum IDCW NAV |
|---|
Fund Summary
• Fixed income investors seek stable income and exhibit a lower risk tolerance. However, they face challenges related to unpredictable returns and limited liquidity, accompanied by associated costs.
• Passive debt funds, specifically target maturity funds, offer an appealing alternative for accessing fixed income opportunities. These funds mimic the composition of underlying debt indices by investing in a defined basket of debt securities with known maturity dates.
• Target maturity funds provide predictable returns, known maturity dates, and high liquidity due to their clear index-based investment strategy, addressing the limitations of conventional fixed income investments.
• Aditya Birla Sun Life CRISIL IBX AAA Mar 2024 Index Fund is a target maturity fund that focuses on a portfolio of AAA-rated bonds from the underlying index. These bonds have low credit risk, and the target maturity feature ensures predictable returns, while passive investing minimizes costs.
• This fund is suitable for short to medium-term investors, aligning with its maturity date of March 31, 2024.
• Passive debt funds, specifically target maturity funds, offer an appealing alternative for accessing fixed income opportunities. These funds mimic the composition of underlying debt indices by investing in a defined basket of debt securities with known maturity dates.
• Target maturity funds provide predictable returns, known maturity dates, and high liquidity due to their clear index-based investment strategy, addressing the limitations of conventional fixed income investments.
• Aditya Birla Sun Life CRISIL IBX AAA Mar 2024 Index Fund is a target maturity fund that focuses on a portfolio of AAA-rated bonds from the underlying index. These bonds have low credit risk, and the target maturity feature ensures predictable returns, while passive investing minimizes costs.
• This fund is suitable for short to medium-term investors, aligning with its maturity date of March 31, 2024.
Fund Discipline
- The Scheme invests a minimum of 95% (up to 100%) of its net assets into instruments forming part of CRISIL IBX AAA Index- March 2024.
- Up to 5% may also be invested in cash and debt/money market instruments for liquidity purposes
- All eligible issuers with a conservative rating of AAA as evaluated during the inception date of the index maturing in the eligible period will be shortlisted.
- 20 most liquid issuers with a minimum total amount outstanding of Rs. 1,000 crores in the eligible period as evaluated during the inception date of the index will be selected on the basis of liquidity. If less than 20 issuers are available, all issuers will be selected. Minimum 8 issuers are to be selected.
- The scheme follows a passive investing strategy tracking the underlying index. The Scheme will follow Buy and Hold investment strategy in which existing bonds will be sought to be held till maturity
Index Methodology: https://www.crisil.com/content/dam/crisil/indices/index-linked-products/index-linked-products-methodology.pdf
- Up to 5% may also be invested in cash and debt/money market instruments for liquidity purposes
- All eligible issuers with a conservative rating of AAA as evaluated during the inception date of the index maturing in the eligible period will be shortlisted.
- 20 most liquid issuers with a minimum total amount outstanding of Rs. 1,000 crores in the eligible period as evaluated during the inception date of the index will be selected on the basis of liquidity. If less than 20 issuers are available, all issuers will be selected. Minimum 8 issuers are to be selected.
- The scheme follows a passive investing strategy tracking the underlying index. The Scheme will follow Buy and Hold investment strategy in which existing bonds will be sought to be held till maturity
Index Methodology: https://www.crisil.com/content/dam/crisil/indices/index-linked-products/index-linked-products-methodology.pdf
Tax Applicability
Pursuant to amendment to the Finance Bill 2023, any capital gains earned on investments made in this scheme on or after 1 April 2023, will be considered as short-term capital gains and added to the investor’s income and taxed at the applicable income tax slab rates (plus any applicable surcharge and cess), regardless of the investment holding period.
Please note that investments made on or before March 31, 2023, and held for more than 36 months will be eligible for indexation benefit in taxation. Gains on such investments will be taxed at a rate of 20% (plus applicable surcharge and cess) after taking into account the indexation benefit.
Any income received under this option would be considered as income for the investors and hence would be taxed at applicable tax slab rates.
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Frequently Asked Questions
There are two ways in which you can invest in this fund.
o Via Direct Plan - involves purchasing units of the fund directly from Aditya Birla Sun Life Mutual Fund
o Via Regular Plan – involves investing through a distributor or broker of your choice
Both these plans will have a common portfolio, however owing to application of different expense ratios they will have separate NAVs. Your choice of plan thus directly impacts the returns you can earn your investment.
To redeem your investments in the direct plan of Aditya Birla Sun Life CRISIL IBX AAA Mar 2024 Index Fund, you can use their mobile app or desktop webpage and select a specified amount or number of units to redeem. For investments made in the regular plan through Registrar and Transfer Agent (RTA) or Mutual Fund Distributor (MFD), you can submit a duly signed redemption form to the respective RTA/MFD or redeem online through their portal, if available.
Yes, you can invest in Aditya Birla Sun Life CRISIL IBX AAA Mar 2024 Index Fund via SIP or lump-sum route. The choice of mode of investing will be guided by your investing objective, investing term and affordability.
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