GEM GAZE

September 2020

The consistent performance of all four funds in the December 2019 GEMGAZE is reflected in the four funds holding on to their esteemed position of GEM in the September2020 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 more than a decade ago in April 2008. The current AUM of the fund is Rs. 13,519 crore. Its return in the past one year is 10%, a tad higher than the category average of 9.4%. The number of holdings in the fund’s portfolio is 222 with an average yield to maturity at 5.51%. The expense ratio of the fund is fairly low at 0.68%. The fund is benchmarked against the NIFTY Banking and PSU Debt TRI. The fund is managed by Mr. Kaustubh Gupta since September 2009 and Pranay Sinha since August 2020.

Kotak Dynamic Bond Fund (erstwhile Kotak Flexi Debt Fund) Gem

Kotak Dynamic Bond Fund, launched in May 2008, manages assets worth Rs. 1632 crore. The one-year return of the fund is 10.37% as against the category average of 8.1%. The expense ratio is 1.08%. The fund has 28 holdings with the yield to maturity of 6.61%. The fund is benchmarked against the NIFTY Composite Debt TRI. The fund manager is Mr. Deepak Agrawal since May 2008.

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

Launched in December 2000, the fund has an AUM of Rs 3,838 crore. The one-year return of the fund is 10.67% as against the category average of 9.47%. The fund has outperformed its benchmark over three, five and ten-year timeframes. It has delivered a compounded annual return of 9.66% over the last five years. The fund is benchmarked against the CRISIL Dynamic Gilt TRI. The fund has 5 holdings with the yield to maturity of 6.41%. The expense ratio of the fund is 0.95%. 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 9,969 crore.  In the past one year, this liquid fund has returned 7.25% as against the category average of 6.26%. The number of holdings in the fund’s portfolio is 74 with the average yield to maturity at 3.98%. The expense ratio is a mere 0.31%. The fund is benchmarked against the NIFTY Money Market Index. Kaustubh Gupta and Mohit Sharma are the fund managers since July 2011 and April 2017 respectively.