Merger of Aditya Birla Sun Life Banking & PSU Debt Fund, an Open ended Income Sch

20 Pages·2017·0.32 MB·English

April 30, 2018
Dear Valued Unitholder,
Re: Merger of Aditya Birla Sun Life Banking & PSU Debt Fund, an Open ended Income Scheme into Aditya Birla Sun
Life Savings Fund, An open ended ultra-short term debt scheme investing in instruments such that Macaulay duration
of the portfolio is between 3 months and 6 months.
Thank you for choosing Aditya Birla Sun Life Mutual Fund (“the Fund”) as your investment partner. We truly appreciate your trust in us.
We would like to inform you that in accordance with SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 06, 2017
& SEBI/ HO/IMD/DF3/CIR/P/2017/126 dated December 4, 2017 the Board of Directors of Aditya Birla Sun Life AMC Limited
(‘ABSLAMC’), Investment Manager for Aditya Birla Sun Life Mutual Fund, and Aditya Birla Sun Life Trustee Private Limited, Trustees
to Aditya Birla Sun Life Mutual Fund have approved the merger of Aditya Birla Sun Life Banking & PSU Debt Fund (hereinafter referred
to as ‘Merging Scheme’) into Aditya Birla Sun Life Savings Fund (hereinafter referred to as ‘Surviving Scheme’).
This merger has been approved by the Board of Directors of Aditya Birla Sun Life AMC Limited (ABSLAMC) and Aditya Birla Sun Life
Trustee Private Limited. The Securities and Exchange Board of India has communicated its no-objection for the above changes vide
its letter no. IMD/DF3/OW/P/2018/7315/1 dated March 08, 2018.
The Merger shall be effective on June 04, 2018 (Effective Date).
The scheme features and latest portfolios of Merging Scheme and Surviving Scheme are given in Annexure I & II respectively. For
further details on both Merging and Surviving Schemes, Unitholders are requested to refer Scheme Information Document and Key
Information Memorandum which is available on our website www.adityabirlasunlifemf.com
For Performance of Merging Scheme and Surviving Scheme please refer Annexure III.
Further, for details of Non-Performing Assets (NPAs) and illiquid assets to net assets please refer Annexure IV.
Pursuant to SEBI Circular No. SEBI/MFD/CIR No. 05/12031/03 dated June 23, 2003 read with SEBI Circular No. Cir/IMD/
DF/15/2010 dated October 22, 2010, merger of Aditya Birla Sun Life Banking & PSU Debt Fund into Aditya Birla Sun Life Savings
Fund is considered as change in the fundamental attributes of Aditya Birla Sun Life Banking & PSU Debt Fund and consequently, as
per Regulation 18 (15A) of the SEBI (Mutual Funds) Regulations, 1996 any change in fundamental attributes can be carried out after
a written communication is sent to all the unitholders of Merging Scheme, giving them an option to redeem/switch their investments
at the prevailing Net Asset Value, without payment of any exit load.
Accordingly, the existing unitholders (i.e. whose names appear in the register of unitholders as on close of business hours on
April 30, 2018) under the Merging scheme are hereby given an option to exit, i.e. either redeem their investments or switch their
investments to any other schemes of Aditya Birla Sun Life Mutual Fund, within the 30 days exit period starting from May 02, 2018
till June 01, 2018 (both days inclusive and upto 3.00 pm on June 01, 2018) at Applicable NAV, without payment of any exit
load. The Exit Option can be exercised during the Exit Option Period by submitting a valid redemption / switch-out request at any
Official Point of Acceptance of the Fund. For list of Official Points of Acceptance, please visit our website www.adityabirlasunlifemf.
com. Unit holders who hold the units of Merging Scheme in electronic (demat) mode need to submit the redemption request to their
Depository Participant.
All the valid applications for redemptions/switch-outs received under the scheme shall be processed at Applicable NAV of the day of
receipt of such redemption / switch request, without payment of any exit load, provided the same is received during the exit period
mentioned above. Unitholders who have pledged or encumbered their units will not have the option to exit unless they procure a
release of their pledges / encumbrances prior to the submission of redemption / switch requests.
Unitholders should ensure that their change in address or bank details are updated in records of Aditya Birla Sun Life Mutual Fund
as required by them, prior to exercising the exit option for redemption of units. Unit holders holding Units in dematerialized form
may approach their Depository Participant for such changes. In case units have been frozen / locked pursuant to an order of a
government authority or a court, such exit option can be executed only after the freeze / lock order is vacated / revoked within the
period specified above. The redemption proceeds shall be dispatched within 10 business days of receipt of valid redemption request
to those unitholders who choose to exercise their exit option.
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The requirement of minimum application amount for fresh subscription of units as applicable for the Surviving Scheme shall not be
applicable in respect of units allotted to the unitholders of the Merging Scheme on account of merger.
Consequently, upon the merger of schemes, the unitholders shall be allotted units under the corresponding Plan/Option/Facility
under Surviving Scheme as per matrix provided below:
Units held under following Option / Facility in Regular / Direct Units shall be allotted under following Option / Facility in
Plan of the Merging scheme Regular / Direct Plan in Surviving scheme
Monthly Dividend Option (Payout & Reinvestment Facility)@ Weekly^ Dividend Payout Option
Monthly Dividend Option (Payout & Reinvestment Facility)@ Weekly^ Dividend Reinvestment Option
Weekly Dividend Option (Payout & Reinvestment Facility)* Weekly^ Dividend Payout Option
Weekly Dividend Option (Payout & Reinvestment Facility)* Weekly^ Dividend Reinvestment Option
Growth Growth
@ Last Friday day of the month and penultimate business day if that day is March 31 of any Financial Year.
^ Friday of each week
*Every Tuesday of the week and next business day in case that day is a non-business day.
This offer to exit from Merging Scheme is merely an option and not a compulsion. Unitholders who do not exercise the exit option
on or before June 01, 2018 would be deemed to have consented to the proposed merger and will be allotted units under the
corresponding option of the Surviving Schemes at the last available applicable Net Asset Value before the Effective Date and fresh
Account Statement reflecting units in Surviving Scheme will be issued to you.
Basis of allotment of units in Surviving Scheme pursuant to merger is explained as follows:
Aditya Birla Sun Life Banking & PSU Debt Fund Aditya Birla Sun Life Savings Fund
Assumed NAV Units Held Valuation Net Amount to be Assumed NAV Units to be Valuation of
on Effective by Resident of holding invested in on Record allotted on holding of units on
Date Investor of units on Aditya Birla Sun Life Date merger Effective date
Record date Banking & PSU Debt
Fund
(Rs.) Nos. (Rs.) (Rs.) (Rs.) Nos. (Rs.)
(A) (B) (A*B)=C E F (E/F)=G (F*G)=H
30.00 1,000.00 30,000.00 30,000.00 40 750.00 30,000.00
(30,000/40)
The Finance Act, 2016 amended Section 47 so as to include clause (xix) which provides that any transfer of unit or units by a unit
holder held by him in the Consolidating Plan of a mutual fund scheme, will not be treated as transfer, if the transfer is made in
consideration of the allotment to him of unit or units in the Consolidated Plan of that mutual fund scheme under the process of
consolidation of the schemes of mutual fund in accordance with the SEBI (Mutual Funds) Regulation, 1996 and accordingly capital
gains will not apply.
As per the amendments, allotment of units in Surviving Scheme, pursuant to merger, to Unit holders of Merging Scheme who decide
to continue will not be considered as redemption of Units in Merging Scheme and will not result in short term / long term capital
gain / loss in the hands of the unit holders. Further, the cost of acquisition of units allotted in Surviving Plan (Consolidated Plan)
pursuant to merger or consolidation of plans of a mutual fund scheme will be the cost of acquisition of units in Transferor Plan
(Consolidating Plan).
However redemption of units from Merging Scheme and/or switch-out of units of Merging Scheme to any other schemes of the
Fund during exit window shall be considered as redemption in Merging Scheme and will result in short term / long term capital gain
/ loss in the hands of the Unit holders depending on the period of holding of the investment.
Unitholders are required to check the relevant Income Tax provisions as may be applicable to them from time to time.
Brief note giving tax implication on merger of schemes are given in Annexure V
Following provisions would be applicable Post-merger:
• The date of allotment at the time of subscription in Merging Scheme shall be considered as the allotment date for the purpose of applicability
of exit load period at the time of redemption / switch – out of such units in Surviving scheme.
• In case the lien is marked on the units held in the Merging Scheme and such unitholder decides to continue to remain invested (i.e. does not
submit redemption / switch-out request during exit option period), then the units allotted in Surviving Scheme pursuant to merger will also be
automatically subject to lien in Surviving Scheme post-merger
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• In case of unitholders who had registered Systematic Investment Plan (SIP) and decide to continue to remain invested then such registration
for SIP will be processed under the Surviving Scheme for balance tenure / installments as per terms and conditions of the respective special
products subsequent to merger.
• In case of Unitholders who are holding units of Merging Scheme in electronic (demat) mode and who don’t submit redemption / switch-out
request during the exit option period, such units of Merging Scheme will be extinguished from their demat account and proportionate units of
the Surviving Scheme will be credited to their demat account after the Effective Date (refer Annexure VI for ISIN details).
The details of unclaimed redemption and dividend relating to Aditya Birla Sun Life Banking & PSU Debt Fund as on March 31, 2018 is enclosed
(refer Annexure VII for details). Unitholders should note that after the merger, amounts relating to unclaimed redemption will be transferred in the
name of the Surviving scheme i.e. Aditya Birla Sun Life Savings Fund.
Cut off timing for NAV applicability for redemption and switch-out:
In respect of valid redemption/switch out requests received at a designated Official Points of Acceptance of Transaction of the Fund upto 3.00 p.m.
on a Business Day, the NAV of the day of receipt of application shall be applicable and in respect of application received after 3.00 p.m., the NAV
of the next Business Day will be applicable.
CONTACT US
If you have any further queries regarding your investments you can –
• Write in at [email protected]
• Visit your nearest Investor Service Centres (ISCs). To locate your nearest ISC we request you to visit www.adityabirlasunlifemf.com.
Thanking you once again and looking forward to a long and enduring relationship.
For Aditya Birla Sun Life AMC Ltd.
(formerly known as Birla Sun Life Asset Management Company Limited)
(Investment Manager for Aditya Birla Sun Life Mutual Fund)
sd/-
Authorised Signatory
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Annexure I
The scheme features of Aditya Birla Sun Life Banking & PSU Debt Fund (Merging Scheme) and Aditya Birla Sun Life Savings Fund (Surviving
Scheme) are as follows:
Name of the Scheme Aditya Birla Sun Life Banking & PSU Debt Fund Aditya Birla Sun Life Savings Fund
Type of the Scheme An Open ended Income Scheme. An open ended ultra-short term debt scheme investing in
instruments such that Macaulay duration of the portfolio
is between 3 months and 6 months.
Suitable for investors • Generation of reasonable returns and liquidity over short • reasonable returns with convenience of liquidity over
who are seeking * term short term
• Investment primarily in securities issued by Banks, Public • investments in debt and money market instruments
Sector Undertakings and Public Financial Institutions in
India
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Investment Objective To generate reasonable returns by primarily investing in The primary objective to generate regular income through
debt and money market securities that are issued by Banks, investments in debt and money market instruments. Income
Public Sector Undertakings (PSUs) and Public Financial may be generated through the receipt of coupon payments
Institutions (PFIs) in India. or the purchase and sale of securities in the underlying
The Scheme does not guarantee/indicate any returns. portfolio. The scheme will under normal market conditions,
There can be no assurance that the scheme’ objectives will invest its net assets in fixed income securities, money
be achieved. market instruments, cash and cash equivalents.
Asset allocation and Under normal circumstances, the asset allocation pattern Under normal circumstances, the asset allocation pattern
Investment Pattern shall be as under: shall be as under:
(% age of net assets) (% age of net assets)
Instruments Risk profile Asset Instruments Asset Risk profile
Allocation Allocation
Range
Debt * and Money Market Medium to 80% -100%
Instruments, issued by High Debt and Money Upto 100% Low to
Scheduled Commercial Market Instruments Medium
Banks, Public Sector
Macaulay duration of the portfolio will be between 3
Undertakings (PSUs)
months- 6 months
& Public Financial
If the scheme decides to invest in securitised debt, it
Institutions (PFIs)
is the intention of the Investment Manager that such
Debt* (including Low to 0 – 20% investments will not, normally, exceed 50% of the corpus
government securities, Medium of the Scheme.
) and Money Market
The scheme may also invest upto 50% of the portfolio
Instruments issued by
(i.e. net assets including cash) in such derivative
entities other than the
instruments as may be introduced from time to time
above @
subject to framework specified by SEBI, for the purpose
*Including investments in securitized debt up to 50% of of hedging and portfolio balancing and other uses as may
the net assets except foreign securitized debt be permitted under SEBI Regulations.
@The non- banking, non PSU part of the portfolio will have
exposure to companies from the private sector.
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Name of the Scheme Aditya Birla Sun Life Banking & PSU Debt Fund Aditya Birla Sun Life Savings Fund
Public sector entities/undertakings to include those Under normal circumstances each scheme shall not have
entities, an exposure of more than 15% of its net assets in foreign
• In which the Government of India / a State Government securities. However, the AMC with a view to protecting
has atleast 51% shareholding. the interests of the investors, may increase exposure in
• notified / qualifies as public sector entities, in foreign securities as deemed fit from time to time.
accordance with norms / notified by Government of
India / a State Government
• The debt of which is guaranteed by Government of India
/ a State Government.
“Public Financial Institution” means—
(i) the Life Insurance Corporation of India, established
under section 3 of the Life Insurance Corporation Act,
1956;
(ii) the Infrastructure Development Finance Company
Limited, referred to in clause (vi) of sub-section (1) of
section 4A of the Companies Act, 1956 so repealed
under section 465 of this Act;
(iii) specified company referred to in the Unit Trust of India
(Transfer of Undertaking and Repeal) Act, 2002;
(iv) institutions notified by the Central Government under
sub-section (2) of section 4A of the Companies Act,
1956 so repealed under section 465 of this Act;
(v) such other institution as may be notified by the Central
Government in consultation with the Reserve Bank of
India:
Provided that no institution shall be so notified unless -
A. it has been established or constituted by or under any
Central or State Act; or
B. not less than fifty-one per cent of the paid-up share
capital is held or controlled by the Central Government
or by any State Government or Governments or partly by
the Central Government and partly by one or more State
Governments;
The scheme will invest in State Development Loans and
UDAY Bonds issued by PSU & PFI as mentioned above
Banks will include all scheduled commercial banks which
are regulated by Reserve Bank of India.
The scheme may use fixed income derivative upto 50% of
the net assets, for the purpose of hedging and portfolio
rebalancing or to undertake any other strategy as permitted
under SEBI (MF) Regulations from time to time
The scheme shall participate in repo transactions, the gross
exposure to repo transactions in corporate debt securities
shall not be more than 10 % of the net assets. In terms of
provisions of SEBI circular no. CIR / IMD / DF / 19 / 2011
dated November 11, 2011 read with SEBI circular no. CIR
/ IMD / DF / 23 / 2012 dated November 15, 2012, Repo
in Corporate debt securities shall be in accordance with
guidelines as prescribed by the Board of Directors of the
Aditya Birla Sun Life AMC Limited and Aditya Birla Sun Life
Trustee Private Limited, subject to directions issued by RBI
and SEBI from time to time.
The cumulative gross exposure in debt and money market
instruments and derivative positions shall not exceed
100% of the net assets of the scheme.
The scheme shall borrow through repo transactions only if
the tenor of the transaction does not exceed a period of
six months.
The scheme shall not invest in Foreign Securities and
Credit Default Swaps. The scheme shall not engage in
short selling and securities lending activities.
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Name of the Scheme Aditya Birla Sun Life Banking & PSU Debt Fund Aditya Birla Sun Life Savings Fund
Investment Strategy The Scheme will invest in securities issued by banks and The investment emphasis of the scheme will be in
financial institutions across maturities with an intention to identifying companies with a strong competitive position
offer reasonable level of yields at lower levels of risk while in good businesses, and having quality managements.
maintaining sufficient portfolio liquidity. The fund manager The investment strategy would emphasis investment in
will focus on credit quality as an important criterion for instruments that generate consistently superior yields at
investment decision making. The Fund will typically invest low levels of risk.
in short to medium term securities and as a result significant Given the nature of the scheme, liquidity would be a key
proportion of the total returns is likely to be in the form driver in the construction of the portfolio. The scheme
of income yield or accrual. The general maturity range may review the above pattern of investments based on
for the portfolio will be determined after considering the views on interest rates and asset liability management
prevailing political conditions, the economic environment needs. From time to time, it is possible that the portfolio
(including interest rates and inflation), the performance of may hold cash. However, at all times the portfolio will
the corporate sector and general liquidity as well as other adhere to the overall investment allocation pattern as
considerations in the economy and markets. specified earlier.
The Macaulay duration is the weighted average term to
Portfolio Turnover
maturity of the cash flows from a bond. The weight of
The scheme has no explicit constraints either to maintain each cash flow is determined by dividing the present
or limit the portfolio turnover. Portfolio turnover will depend value of the cash flow by the price. Macaulay duration
upon the circumstances prevalent at any time and would is frequently used by portfolio managers who use an
also depend on the extent of volatility in the market and immunization strategy.
inflows/outflows in the scheme. The Fund Manager will Macaulay duration can be calculated:
however endeavour to maintain a low portfolio turnover
rate.
Notwithstanding the foregoing investment policies for
the scheme, for temporary defensive purposes (e.g.,
during periods in which the Asset Management Company
believes changes in the securities market or economic or
Where:
other conditions warrant), the scheme may invest in Indian
• t = respective time period
Government T-Bills and hold cash or cash equivalents
• C = periodic coupon payment
and other money market instruments. The Trustee of the
• y = periodic yield
Mutual Fund may from time to time alter these limitations
in conformity with the SEBI (MF) Regulations, 1996 and • n = total number of periods
other guidelines or notifications that may be issued by • M = maturity value
SEBI. • Current Bond Price = Present value of cash flows
The Macaulay duration can be viewed as the economic
balance point of a group of cash flows. Another way to
interpret the statistic is that it is the weighted average
number of years an investor must maintain a position in
the bond until the present value of the bond’s cash flows
equals the amount paid for the bond.
Factors Affecting Duration
A bond’s price, maturity, coupon and yield to maturity
all factor into the calculation of duration. All else equal,
as maturity increases, duration increases. As a bond’s
coupon increases, its duration decreases. As interest rates
increase, duration decreases and the bond’s sensitivity to
further interest rate increases goes down. Also, sinking
fund in place, a scheduled prepayment before maturity
and call provisions lower a bond’s duration.
Benchmark CRISIL Short Term Bond Fund Index
Inception date October 28, 1999 April 16, 2003
Entry Load Nil
Exit Load Nil
**Exit Load is NIL for units issued in Dividend Reinvestment.
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Name of the Scheme Aditya Birla Sun Life Banking & PSU Debt Fund Aditya Birla Sun Life Savings Fund
Recurring Expenses As per Regulation 52(6)(c) of SEBI (MF) Regulations, the total expenses of the Schemes, including Investment
Management and Advisory Fees, shall be subject to following limits as specified below:
First Rs. 100 Crs Next Rs. 300 Crs Next Rs. 300 Crs Over Rs. 700 Crs
2.25% 2.00% 1.75% 1.50%
In addition to total expense permissible within limits of Regulation 52(6)(c)(i) of SEBI (MF) Regulations
as above, the AMC may charge the following to the scheme in terms of Regulation 52(6A) of SEBI (MF)
Regulations.
(a) Additional expenses not exceeding of 0.30% of daily net assets may be charged to the Scheme, if the new inflows
from beyond top 30 cities* are at least (i) 30% of gross new inflows in the scheme or (ii) 15% of the average
assets under management (year to date) of the scheme, whichever is higher.
In case inflows from beyond such cities is less than the higher of (i) or (ii) mentioned above, such additional
expense on daily net assets of the scheme shall be charged on proportionate basis in accordance with SEBI
Circular no. CIR/IMD/DF/21/2012 dated September 13, 2012.
The expense so charged shall be utilised for distribution expenses incurred for bringing inflows from such cities.
However, the amount incurred as expense on account of inflows from such cities shall be credited back to the
scheme in case the said inflows are redeemed within a period of one year from the date of investment.
*Beyond Top 30 (B30) cities shall mean beyond top 30 cities based on Association of Mutual Funds in India (AMFI)
data on ‘AUM by Geography - Consolidated Data for Mutual Fund Industry’ as at the end of the previous financial
year.
(b) Brokerage and transaction costs incurred for the execution of trades and included in the cost of investment,
not exceeding 0.12 per cent of the value of trades in case of cash market transactions and 0.05 per cent of the
value of trades in case of derivatives transactions. Thus, in terms of SEBI circular CIR/IMD/DF/24/2012 dated
November 19, 2012, it is hereby clarified that the brokerage and transaction costs incurred for the execution of
trades may be capitalized to the extent of 0.12 per cent of the value of trades in case of cash market transactions
and 0.05 per cent of the value of trades in case of derivatives transactions. Any payment towards brokerage and
transaction costs (including service tax, if any) incurred for the execution of trades, over and above the said 0.12
per cent and 0.05 per cent for cash market transactions and derivatives transactions respectively may be charged
to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under Regulation 52 of the
SEBI (MF) Regulations.
Fund Manager Mr. Kaustubh Gupta Mr. Kaustubh Gupta and Ms. Sunaina Da Cunha
Liquidity The Scheme will offer for purchase/ switch-in and redemption/ switch-out of units at NAV based prices on every
Business Day on an ongoing basis. The Mutual Fund shall dispatch the Redemption proceeds within 10 working days
from the date of acceptance of the Redemption request.
Minimum Application Purchase (including Switch-in): Rs.1000/-
Amount/ Number of Additional Purchase (including Switch-in): Rs.1000/-
Units Repurchase: In multiples of Rs.1/- or 0.001 units
Plans/ Plans offered under the Scheme: The Scheme shall Plans offered under the Scheme: The Scheme shall
Options and Default offer Regular Plan and Direct Plan** with a common offer Regular Plan and Direct Plan** with a common
Plan/ Option/ Facility portfolio and separate NAVs. portfolio and separate NAVs.
Options/Facility offered under Regular and Direct Options/Facility offered under Regular and Direct
Plan : Plan :
(1) Dividend Option (Payout & Reinvestment Facility) 1) Daily Dividend Option (Reinvestment)
(2) Half Yearly Dividend Option (Payout & Reinvestment 2) Weekly Dividend Option ^ (Payout and Reinvestment)
Facility) 3) Growth Option
(3) Growth Option Default Option: Daily Dividend Option (Reinvestment)
Default Option: Growth Option. In case of valid application received without indicating
In case of valid application received without indicating choice between options under the scheme, the same
choice between options under the scheme, the same shall shall be considered as Growth Option and processed
be considered as Growth Option and processed accordingly. accordingly.
Default Plan: Default Plan:
Investors are requested to note the following scenarios for Investors are requested to note the following scenarios
the applicability of “Direct Plan or Regular Plan” for valid for the applicability of “Direct Plan or Regular Plan” for
applications received under the Scheme: valid applications received under the Scheme:
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Name of the Scheme Aditya Birla Sun Life Banking & PSU Debt Fund Aditya Birla Sun Life Savings Fund
Scenario Broker Code Plan Default Plan to Scenario Broker Code Plan Default Plan to
mentioned by mentioned by be captured mentioned by mentioned by be captured
the investor the investor the investor the investor
1 Not mentioned Not mentioned Direct Plan 1 Not mentioned Not mentioned Direct Plan
2 Not mentioned Direct Direct Plan 2 Not mentioned Direct Direct Plan
3 Not mentioned Regular Direct Plan 3 Not mentioned Regular Direct Plan
4 Mentioned Direct Direct Plan 4 Mentioned Direct Direct Plan
5 Direct Not Mentioned Direct Plan 5 Direct Not Mentioned Direct Plan
6 Direct Regular Direct Plan 6 Direct Regular Direct Plan
7 Mentioned Regular Regular Plan 7 Mentioned Regular Regular Plan
8 Mentioned Not Mentioned Regular Plan 8 Mentioned Not Mentioned Regular Plan
In cases of wrong/ invalid/ incomplete ARN codes In cases of wrong/ invalid/ incomplete ARN codes
mentioned on the application form, the application shall mentioned on the application form, the application shall
be processed under Regular Plan. The AMC shall contact be processed under Regular Plan. The AMC shall contact
and obtain the correct ARN code within 30 calendar days and obtain the correct ARN code within 30 calendar days
of the receipt of the application form from the investor/ of the receipt of the application form from the investor/
distributor. In case, the correct code is not received within distributor. In case, the correct code is not received within
30 calendar days, the AMC shall reprocess the transaction 30 calendar days, the AMC shall reprocess the transaction
under Direct Plan from the date of application without any under Direct Plan from the date of application without any
exit load. exit load.
Number of Folios (as 2942 37020
on March 31, 2018)
Assets Under 2,413.25 18,534.25
Management (Rs. In
Crores)(As on March
31, 2018)
Actual expenses Regular Plan - 0.62 Regular Plan - 0.35
charged (in %) as on Direct Plan - 0.02 Direct Plan - 0.23
March 31, 2018
8
Annexure II
ADITYA BIRLA SUN LIFE BANKING & PSU DEBT FUND
Monthly Portfolio Statement as on March 31, 2018
Name of the Instrument ISIN Rating Quantity Market/Fair Value % to Net Assets
(Rs. in Lacs)
Equity & Equity related
(a) Listed / awaiting listing on Stock Exchanges
IDFC Bank Limited (25/04/2018) (ZCB) ** INE092T08AB2 ICRA AAA 2,250 28,527.17 11.82%
7.07% National Bank For Agriculture and Rural INE261F08873 IND AAA 1,500 14,991.98 6.21%
Development (01/06/2020)
LIC Housing Finance Limited (26/11/2018) (ZCB) ** INE115A07EQ3 CRISIL AAA 750 11,428.86 4.74%
8.70% Power Grid Corporation of India INE752E07LA4 CRISIL AAA 1,000 10,033.91 4.16%
Limited (15/07/2018) **
7.53% Power Finance Corporation Limited (20/01/2020) INE134E08JN0 CRISIL AAA 1,000 9,996.25 4.14%
7.07% National Bank For Agriculture and Rural INE261F08865 IND AAA 1,000 9,993.61 4.14%
Development (25/05/2020)
9.81% Power Finance Corporation Limited (07/10/2018) ** INE134E07406 CRISIL AAA 750 7,581.01 3.14%
8.65% LIC Housing Finance Limited (08/02/2019) ** INE115A07HN3 CRISIL AAA 700 7,051.12 2.92%
9.45% Export Import Bank of India (22/01/2019) ** INE514E08DL0 CRISIL AAA 650 6,601.80 2.74%
8.04% Small Industries Dev Bank of India (15/03/2019) ** INE556F09601 CARE AAA 500 5,029.74 2.08%
7.85% Housing Development Finance Corporation INE001A07RF0 CRISIL AAA 50 5,003.00 2.07%
Limited (21/06/2019)
7.14% National Bank For Agriculture and Rural INE261F08857 IND AAA 500 4,998.76 2.07%
Development (28/04/2020) **
7.18% LIC Housing Finance Limited (29/06/2018) ** INE115A07LY2 CARE AAA 500 4,997.40 2.07%
7.21% Housing Development Finance Corporation Limited INE001A07QV9 CRISIL AAA 50 4,994.71 2.07%
(24/09/2018) **
10.14% Housing Development Finance Corporation INE001A07OL5 CRISIL AAA 45 4,536.35 1.88%
Limited (28/02/2019) **
9.04% Rural Electrification Corporation INE020B08856 CRISIL AAA 400 4,082.32 1.69%
Limited (12/10/2019) **
9.39% Power Finance Corporation Limited (27/08/2019) ** INE134E08GF2 CRISIL AAA 250 2,557.15 1.06%
9.60% LIC Housing Finance Limited (22/01/2019) ** INE115A07EV3 CRISIL AAA 250 2,532.61 1.05%
7.98% Small Industries Dev Bank of India (26/03/2019) ** INE556F09569 CARE AAA 250 2,514.42 1.04%
8.39% Housing Development Finance Corporation INE001A07OH3 CRISIL AAA 25 2,514.05 1.04%
Limited (15/03/2019)
7.00% Indian Railway Finance Corporation INE053F07967 CRISIL AAA 250 2,496.97 1.03%
Limited (10/09/2018) **
7.59% LIC Housing Finance Limited (12/07/2019) ** INE115A07LV8 CRISIL AAA 250 2,489.45 1.03%
9.02% Rural Electrification Corporation Limited INE020B07IV4 CRISIL AAA 150 1,525.24 0.63%
(18/06/2019) **
6.91% NHPC Limited (15/09/2018) ** INE848E07AD7 ICRA AAA 100 998.12 0.41%
6.91% NHPC Limited (13/09/2019) ** INE848E07AE5 ICRA AAA 100 992.41 0.41%
9.25% Power Grid Corporation of India INE752E07JE0 CRISIL AAA 12 151.93 0.06%
Limited (26/12/2018) **
11.25% Power Finance Corporation INE134E08BH9 CRISIL AAA 5 51.15 0.02%
Limited (28/11/2018) **
Sub Total 158,671.49 65.75%
(b) Privately placed / Unlisted NIL NIL
Sub Total NIL NIL
Total 158,671.49 65.75%
Money Market Instruments
Certificate of Deposit
Axis Bank Limited (06/03/2019) ** # INE238A16Z16 ICRA A1+ 22,500 21,105.34 8.75%
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ADITYA BIRLA SUN LIFE BANKING & PSU DEBT FUND
Monthly Portfolio Statement as on March 31, 2018
Name of the Instrument ISIN Rating Quantity Market/Fair Value % to Net Assets
(Rs. in Lacs)
Small Industries Dev Bank of India (22/01/2019) ** # INE556F16317 CARE A1+ 17,500 16,547.25 6.86%
Small Industries Dev Bank of India (14/02/2019) ** # INE556F16341 CARE A1+ 10,700 10,074.83 4.17%
IndusInd Bank Limited (17/12/2018) ** # INE095A16XD6 CRISIL A1+ 10,000 9,520.85 3.95%
ICICI Bank Limited (29/01/2019) ** # INE090A164O8 ICRA A1+ 7,500 7,082.00 2.93%
Export Import Bank of India (13/03/2019) ** # INE514E16BI3 CRISIL A1+ 7,500 7,027.05 2.91%
Axis Bank Limited (26/02/2019) ** # INE238A16Y82 ICRA A1+ 5,000 4,696.95 1.95%
Yes Bank Limited (12/03/2019) ** # INE528G16O20 ICRA A1+ 5,000 4,682.03 1.94%
Axis Bank Limited (31/01/2019) ** # INE238A16X91 CRISIL A1+ 1,500 1,415.82 0.59%
Sub Total 82,152.12 34.04%
Commercial Paper
National Bank For Agriculture and Rural Development INE261F14CN1 ICRA A1+ 1,000 4,932.02 2.04%
(18/06/2018) ** #
Housing Development Finance Corporation INE001A14SH0 ICRA A1+ 900 4,274.40 1.77%
Limited (20/12/2018) ** #
Export Import Bank of India (26/09/2018) ** # INE514E14NI3 CRISIL A1+ 500 2,417.70 1.00%
Sub Total 11,624.12 4.82%
Total 93,776.24 38.86%
Others
CBLO / Reverse Repo
Clearing Corporation of India Ltd 934.68 0.39%
Sub Total 934.68 0.39%
Total 934.68 0.39%
Net Receivables / (Payables) (12,057.44) -5.00%
GRAND TOTAL 241,324.97 100.00%
ZCB - Zero Coupon Bond
** Thinly Traded / Non Traded Security
# Unlisted Security
10