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Anindya Mithra

Lithin George - 114

DEBT LIQUID FUND Maheshwaran Kumar - 131


Srujan Maddula - 133
Kiran Ramakrishna - 147
Neeraj Sharikal - 152
INTRODUCTION
Debt Funds mainly invest in a mix of debt or fixed income securities such as Treasury
Bills, Government Securities, Corporate Bonds, Money Market instruments and
other debt securities of different time horizons.
Debt funds are preferred by individuals who are not willing to invest in a highly
volatile equity market.
A debt fund provides a steady but low income relative to equity. It is comparatively
less volatile.
Liquid funds are a type of mutual funds that invest in securities with a residual
maturity of up to 91 days. Assets invested are not tied up for a long time as liquid
funds do not have a lock-in period. And providesaround 7-8 % interest.
WHY LIQUID FUNDS ?
3.83 Lakh Crore of Asset Under Management i.e. 17% of the overall Mutual
Fund market.
Minimum investment amount of Rs 1000 and 0% entry and exit load charges.
Low fund management fees of 0.5% - 0.75%, because of huge corporate
investment.
These mutual funds doesn’t have lock-in period.
Provides higher returns than bank rates.
Instant money with drawl of upto Rs. 50,000.
BANK SAVINGS RATES
ESSEL LIQUID FUND - DIRECT PLAN
The Scheme seeks to generate a reasonable return commensurate with low risk and a
high degree of liquidity, from a portfolio constituted of money market securities and
debt securities
Rating –
Open-ended and Debt: Liquid
Return Grade – High
Net Assets - Rs. 860.6 crore as on Jan 31, 2018
NAV - Rs. 1896.96 as on Feb 13, 2018
Highest one year return of 6.87%
ESSEL LIQUID FUND - DIRECT PLAN
Portfolio Manager - Archit Shah and Killol P Pandya
Launched Date – Jan 2013
AMC - Essel Finance AMC Ltd.
Minimum Investment – Rs.1000
Minimum SIP - Rs 500
Benchmark – CCIL T-Bills
This fund it suitable for investors who are seeking
 Income over short term
 Investment in debt and money market instruments
INSTRUMENTS INVESTED
Top Instrument Break Up
0.29% 0.15%

33.67%

65.89%

Commercial Paper Certificate of Deposit


Net Current Assets Fixed Deposits
BENCHMARK COMPARISON
12.00%

Scheme Benchmark
10.00%
Absolute Returns Returns % Returns %
FY 2016-2017 6.92% 6.68% 8.00%

FY 2015-2016 7.93% 7.69% 6.00%

FY 2014-2015 8.61% 8.56% 4.00%

FY 2013-2014 9.54% 9.49% 2.00%

FY 2012-2013 9.23% 8.54% 0.00%


FY 2016-2017 FY 2015-2016 FY 2014-2015 FY 2013-2014 FY 2012-2013

Scheme Returns % Benchmark Returns %


PERFORMANCE
Best & Worst Performance Best (Period) Worst (Period)
Month 0.95 (Sep 06, 2013 - Oct 08, 2013) 0.53 (Sep 27, 2017 - Oct 27, 2017)
Quarter 2.64 (Jul 28, 2013 - Oct 27, 2013) 1.63 (Sep 21, 2017 - Dec 21, 2017)
Year 9.99 (Jul 26, 2013 - Jul 27, 2014) 6.87 (Feb 07, 2017 - Feb 07, 2018)

Risk Measures (%) Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.44 0.22 20.42 38.97 0.47 3.73
CCIL T Bill Liquidity Weight 4.53 0.29 5.24 9.83 - -
Category 7.12 0.33 16.94 42.35 0.57 3.27
Rank within Category 5 14 3 93 17 3
Number of funds in category 126 126 126 125 126 126

Trailing Returns (%) YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y
Fund* 0.8 0.02 0.13 0.59 1.67 3.35 6.87 7.66 8.36
CCIL T Bill Liquidity 0.46 -0.01 0.09 0.32 0.96 1.94 4.02 4.6 5
Weight
Category 0.79 0.02 0.12 0.55 1.6 3.21 6.44 7.32 8.02
PEER COMPARISON

Peer Comparison
Fund Rating Launch 1-Year 3-Year 5-Year Expense Ratio Assets (Cr)
Ret Ret Ret (%)
Essel Liquid Fund - Direct Plan 5 Jan-13 6.87 7.66 8.36 0.08 861
Aditya Birla Sun Life Cash Plus - 4 Jan-13 6.75 7.58 8.27 0.11 34,691
Direct Plan
Aditya Birla Sun Life Floating 5 Jan-13 6.84 7.62 8.3 0.29 12,895
Rate Fund - Short Term Plan -
Direct Plan
Axis Liquid Fund - Direct Plan 4 Jan-13 6.77 7.55 8.22 0.03 25,159
Baroda Pioneer Liquid Fund - 5 Jan-13 6.78 7.63 8.28 0.11 9,147
Direct Plan
AXIS LIQUID FUND
Fund Manager: Aditya Paragia- since Aug 2016
NAV- Rs 1909.34 as on Feb 14, 2018
Net Assets- Rs 25159 Cr as on Jan 31,2018
INSTRUMENTS INVESTED
Break-up of Instruments Invested
0.80%
1.59% 0.54%

9.99%

16.92%

75.52%

Commercial paper Certificate of Deposit

Treasury Bills Fixed Deposits

State Development Loan Debenture


PORTFOLIO CHARACTERISTICS
Total securities- 145
Avg Maturity (Yrs) – 0.10
Avg Maturity 52 W High (Yrs.) – 0.16
Avg Maturity 52 W Low (Yrs.) – 0.08
Avg Credit Rating – AAA
Standard Deviation – 0.23
Sharpe ratio – 19.14
PERFORMANCE
PEER COMPARISON
ADITYA BIRLA SUN LIFE-FLOATING RATE FUND
SHORT TERM PLAN
ADITYA BIRLA SUN LIFE-FLOATING RATE FUND
SHORT TERM PLAN
PORTFOLIO CHARACTERISTICS
PERFORMANCE
PERFORMANCE
PERFORMANCE
PEER COMPARISON