GEMGAZE

December 2018

The consistent performance of all four funds in the December 2017 GEMGAZE is reflected in all the funds holding on to their esteemed position of GEM in the December 2018 GEMGAZE.

Birla Sun Life Banking and PSU Debt Fund (erstwhile Birla Sunlife Treasury Optimiser Fund) Gem

Birla Sun Life Banking and PSU Debt Fund was launched nearly a decade ago in April 2008. The current AUM of the fund is Rs. 4,685 crore. Its return in the past one year is 5.88%, almost on par with the category average of 5.72%. The number of holdings in the fund’s portfolio is 100 with an average yield to maturity at 8.36%. The expense ratio of the fund is fairly low at 0.64%. The fund is benchmarked against the CRISIL Short-term Bond Index. The fund is managed by Mr. Kaustubh Gupta since September 2009 and Manish Dangi since April 2017.

Birla Sunlife Dynamic Bond Fund Gem

Birla Sunlife Dynamic Bond Fund, launched in September 2004, which managed assets worth Rs. 11,837 crore the previous year, making it the largest fund in the income category, sports an AUM of Rs 5269 crore, nearly half its size now. The one-year return of the fund is 3.92% as against the category average of 4.03%. The expense ratio is 1.61%. The fund has 67 holdings with the yield to maturity of 9.52%. The fund is benchmarked against the CRISIL Short-term Bond Index. The fund managers are Maneesh Dangi since September 2007 and Pranay Sinha since April 2017.

SBI Magnum Gilt Fund - Long term Plan (erstwhile SBI Magnum Gilt Fund) Gem 

Launched in December 2000, the fund has an AUM of Rs 1,609 crore. The one-year return of the fund is 3.39% as against the category average of 4.03%. The fund has outperformed its benchmark over three- , five- and ten-year timeframes. It has delivered a compounded annual return of 8.15% over the last three years. The fund is benchmarked against the CRISIL Dynamic Gilt Index. The fund has 9 holdings with the yield to maturity of 7.11%. The expense ratio of the fund is 1.12%. Dinesh Ahuja has been the fund manager since January 2011.

Birla Sunlife Money Manager Fund (erstwhile Birla Sunlife Floating Rate Short term Fund) Gem

This relatively young fund, launched in October 2005, boasts of a massive AUM of Rs 6,088 crore.  In the past one year, this liquid fund has returned 7.76% as against the category average of 6.61%. The number of holdings in the fund’s portfolio is 46 with an average yield to maturity at 7.8%. The expense ratio is a mere 0.27%. The fund is benchmarked against the CRISIL Liquid Index. Kaustubh Gupta and Mohit Sharma are the fund managers since July 2011 and April 2017 respectively.