The Aditya Birla Sun Life Frontline Equity Fund - Growth is an open-ended equity scheme offered by Aditya Birla Sun Life Mutual Fund, a part of the Aditya Birla Capital Limited (ABCL). The scheme invests in stocks of firms with large market capitalisation diversified across various industries. The growth option of the scheme allows investors to achieve capital appreciation at the end of the scheme tenure.
To achieve capital growth for the investor over the long term through investments in equity and its related securities in line with the Nifty 50 Index. The secondary objective of the scheme is to generate income for the investor and distribute it to them in the form of dividends.
Key Features of the Scheme
The Aditya Birla Sun Life Frontline Equity Fund is ideal for investors who wish to grow their capital over the long term and have a moderate risk appetite. The scheme exhibits the below-given features:
|Type of Fund||An open-ended equity scheme|
|Plans Available||Regular Plan and Direct Plan|
|Options under each Plan||
|Systematic Investment Plan||Available|
|Systematic Transfer Plan||Available|
|Systematic Withdrawal Plan||Available|
Investment Amount for Aditya Birla Sun Life Frontline Equity Fund
|Minimum Application Amount||Rs.1,000 and in multiples of Re.1 thereafter|
|Minimum Additional Investment||Rs.1,000 and in multiples of Re.1 thereafter|
|Minimum installment for Systematic Investment Plan (SIP)||Rs.1,000 for a minimum of 6 instalments|
|Minimum Amount for Systematic Withdrawal Plan (SWP)||Rs.1,000|
|Exit Load||1% of applicable NAV will be charged as an exit load if investor redeems or exits before 1 year from unit allotment date. No exit load will be charged thereafter|
Asset Allocation for Aditya Birla Sun Life Frontline Equity Fund
|Instruments||Target Allocation||Range||Risk Profile|
|Equity and its related securities||100%||75% to 100%||Medium to High|
|Money market and debt securities including securitised debt||0%||0% to 25%||Low to Medium|
NAV Disclosure and Benchmark for Aditya Birla Sun Life Frontline Equity Fund
The Net Asset Value (NAV) of the Aditya Birla Sun Life Frontline Equity Fund is calculated by dividing the scheme’s net assets (market or fair value of the scheme’s investments + current assets - current liabilities and provisions) by the number of outstanding units under the scheme on the date of valuation. The scheme’s NAV will be computed up to 2 decimals and units will be allotted up to 3 decimals.
The NAV will be computed and disclosed on every business day. The NAV will be sent for publication to 2 newspapers with nationwide circulation on every business day. The fund house will display the computed NAV on its website (www.birlasunlife.com) by 9:00 p.m. on the NAV declaration day. The same will be displayed by the website of the Association of Mutual Funds in India (AMFI) at www.amfiindia.com.
Benchmark - S&P BSE 200
Fund Manager of the Aditya Birla Sun Life Frontline Equity Fund
Mr. Mahesh Patil
The Aditya Birla Sun Life Frontline Equity Fund is managed by Mr. Mahesh Patil and he has been managing the scheme since 17 November 2005. Mr. Patil has more than 25 years of experience in equity research, fund management, and corporate finance. Before joining Aditya Birla Sun Life, he had worked with Reliance Infocomm Ltd., Motilal Oswal Securities, and Parag Parikh Financial Advisory Services. The other funds managed by him include Birla Sun Life Top 100 Fund, Birla Sun Life Balanced’ 95 Fund, Birla Sun Life Infrastructure Fund, etc.
Why you should invest in the Aditya Birla Sun Life Frontline Equity Fund
- Attractive returns - The Aditya Birla Sun Life Frontline Equity Fund has the potential to bear attractive returns for the investor as it makes investments in the equities of firms across sectors. The diversification across various industries is on par with its benchmark index.
- Low investment - Creating wealth with the Aditya Birla Sun Life Frontline Equity Fund can be done for as low an investment as Rs.1,000 per month through an SIP (Systematic Investment Plan). This means that you do not have to invest a large amount in order to create wealth over the long term.
Additional benefits - The Aditya Birla Sun Life Frontline Equity Fund comes with many additional benefits such as SIP, STP, SWP, switching option, etc., for the benefit of investors. These extra benefits make the scheme a desirable investment option.
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