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.
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