GEMGAZE

December 2017

The consistent performance of all four funds in the December 2016 GEMGAZE is reflected in all the funds holding on to their esteemed position of GEM in the December 2017 GEMGAZE.

Birla Sun Life Treasury Optimizer Fund Gem

Birla Sun Life Treasury Optimizer Fund was launched nearly a decade ago in April 2008. The current AUM of the fund is Rs. 8,324 crore. Its return in the past one year is 5.44%, almost on par with the category average of 5.02%. The number of holdings in the fund’s portfolio is 180 with an average yield to maturity at 7.21%. The expense ratio of the fund is fairly low at 0.49%. The fund is benchmarked against the CRISIL Short-term Bond Index. The fund is managed by Mr. Kaustubh Gupta since September 2009.

Birla Sunlife Dynamic Bond Fund Gem

Birla Sunlife Dynamic Bond Fund, launched in September 2004, manages assets worth Rs. 11,837 crore, making it the largest fund in the income category. This fund is a steady top quartile performer with low volatility. It has delivered returns across interest-rate cycles and is among the top few in its category. The one-year return of the fund is 0.81% as against the category average of 3.55%. The number of holdings in the fund’s portfolio is 55 with an average yield to maturity at 8.15%. The expense ratio is 1.44%. The fund has 65 holdings with the yield to maturity of 7.62%. 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 Gem 

Launched in December 2000, the fund has an AUM of Rs 3,076 crore. The one-year return of the fund is 4.33% as against the category average of 2.57%. The fund has outperformed its benchmark over one-, three- and five-year timeframes. It has delivered a compounded annual return of 9.89% over the last three years. The fund is benchmarked against the I-Sec Li-Bex. The fund has 13 holdings with the yield to maturity of 6.72%. The expense ratio of the fund is 1%. Dinesh Ahuja has been the fund manager since January 2011.

Birla Sunlife Floating Rate Short term Fund Gem

This relatively young fund, launched in October 2005, boasts of a massive AUM of Rs 13,194 crore.  In the past one year, this liquid fund has returned 6.73% as against the category average of 6.46%. The number of holdings in the fund’s portfolio is 89 with an average yield to maturity at 6.71%. The expense ratio is a mere 0.29%. 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.