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Aditya Birla Sun Life Fixed Maturity Plan – Series UT (91 days) is a close-ended income scheme launched on February 7, 2024, aiming to generate income through fixed-income securities maturing within its 91-day tenure. With no entry or exit load, the minimum investment is Rs. 1,000. However, note that redemptions are only allowed on maturity (through stock exchanges) and there’s no guarantee of returns.
The scheme seeks to generate income by investing in a portfolio of fixed-income securities maturing on or before the tenure of the Scheme. The scheme does not guarantee/indicate any returns. There is no assurance that the investment objective of the scheme will be achieved.
The scheme is exposed to moderate interest rate risk and relatively low credit risk.
Fund Allocation
| Instrument | Risk Profile | Allocation (% of total Assets) |
| Debt Securities including Government securities, State Development Loans (SDLs) and Money Market Instruments | Low to moderate | 0% minimum – 100% maximum |
The scheme shall invest only in such securities which mature on or before the date of the maturity of the scheme. In the case of securities with put options, the maturity shall be reckoned with respect to the final maturity date and not the “put option” date.
Portfolio Allocation
| Instruments | Credit Rating | ||||
| A1+ | AAA | AA | A | Not Applicable | |
| CDs | 20-25% | – | – | – | – |
| CPs | 70-75% | – | – | – | – |
| NCDs | – | 0-5% | – | – | – |
| Govt Sec. | – | – | – | – | 0-5% |
| Treasury Bills/ Tri-party Repo on Government securities or treasury bills / Reverse Repos / Liquid Schemes |
– | – | – | – | 0-5% |
Benchmark
The performance of the scheme will be benchmarked to the performance of the CRISIL Liquid Debt Index.
CRISIL Liquid Debt Index serves as an indicator for all the market participants in the ultra-short-term debt funds category, to benchmark their performance against the index, find out the attributes for the variation in their performance vis-à-vis the index and reshuffle their portfolio keeping in mind the risk/reward trade-off. The index is a useful tool to track volatility, chart correlation and develop hedging strategies.
Fund Manager
Mohit Sharma would be the dedicated Fund Manager of the Scheme
Age: 43 years, Educational Qualification: PGDCM; B Tech, He has more than 17 years of experience of which 10 years are in financial markets.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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