Birla Sun Life Frontline Equity Fund

Aditya Birla SL Frontline Equity Fund(D)
Dividend Yearly
1.78  (As on 25-10-2019)
Category
Equity - Multi Cap
52-week NAV high
232.49  (As on 28-11-2019)
52-week NAV low
204.59  (As on 19-02-2019)
Expense
1.8%  (As on 31-10-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 1.08 8.89 -0.73 7.67 3.31 10.20 9.77 7.27 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
0
Launch Date
Sep 23, 2002
Last Dividend
1.78
Minimum Investment
100

Type or nature of fund

Birla Sun Life Frontline Equity Fund is an open ended growth scheme.

Investment objective

The investment objective of Birla Sun Life Frontline Equity Fund scheme is to generate long term capital growth through portfolio with a target allocation of 100 percent equity by aiming at being diversified across various industries and sectors as its chosen benchmark index S&P BSE 200.

Fund information

Inception date

30th August, 2002.

CRISIL rank

Scheme is ranked 3 under consistent performers- equity funds and under diversified equity funds as on Jul 2015.

Plans

Regular and Direct.

Options

Dividend

Growth

Schemes

  • Growth
  • Dividend
  • Direct Growth
  • Direct Dividend

Entry load

N.A.

Exit load

1% if scheme is redeemed or switched out within 365 days from the date of allotment.

Nil if scheme is redeemed or switched after 365 days from the date of allotment.

Exit Load is NIL for units issued in Bonus & Dividend Reinvestment.

Minimum investment Plan A
  • Minimum Investment: Rs.5,000
  • Additional Purchase: Rs.1000
  • Repurchase: In multiples of Re.1.
Plan B
  • Minimum Investment:Rs.2,00,000
  • Additional Purchase: Rs.1,000
  • Repurchase: In multiples of Re.1

SIP

Monthly minimum: Rs.1,000.

Product label – Risk and target investors

Risk:Moderately high risk

Target Investors: This product is suitable for investors who are seeking long term capital growth who require investments in equity and equity related securities, diversified across the industries in line with the benchmark index S&P BSE 200.

Benchmark

S&P BSE 200 is the benchmark.

The equity shares of 200 selected companies from the specified and non-specified lists of BSE are included in S&P BSE 200. The selection of companies is primarily been done on the basis of current market capitalization. The market activity of the companies reflected by their volumes of turnover and certain fundamental factors were considered for the final selection of the 200 companies.

SWP

N.A.

STP

Systematic Transfer Plan is available for Birla Sun Life Frontline Equity Fund. You can invest a lump sum amount in the debt-scheme and specify a desired amount to be transferred to any of your equity schemes including Birla Sun Life Frontline Equity Fund.

Entry load is applicable to respective scheme if the transfer is from scheme belonging to one Fund Family to another Fund Family. Birla Sun Life Frontline Equity Fund falls under the Equity Fund Family.

Redemption

Within 10 working days of the receipt of the redemption request.

Taxation (on investment and on redemption)

Investors are advised to consult their tax adviser with respect to the specific tax implications arising out of his participation in this scheme.

Fund manager

Mr.Mahesh Patil handles the Birla Sun Life Frontline Equity Fund. He has over 23 years of experience in fund management, equity research and corporate finance. Before joining Birla Sun Life, he worked for Reliance Infocom Ltd. in Business Strategy. He is also the Co-Chief Investment Officer at Birla Sun Life. He currently manages large-cap funds. He is an engineer from VJTI< Mumbai and also has a MBA in Finance from Jamnalal Bajaj Institute, Mumbai. He is a charter holder from ICFAI, Hyderabad as well.

Investment philosophy or strategy

The Birla Sun Life Frontline Equity Fund scheme has a track record of over 12 years and it aims to give your investments much needed nourishment by investing in the India’s finest industries. Diversification across industries is the key to stable growth. The decision of how much to invest and in which industry falls under the Fund Manager. Birla Sun Life Frontline Equity Fund invests in the same proportion as the industries in S&P BSE 200. The fund manager picks the promising companies that are not in the S&P BSE 200 list but who are swiftly heading towards it. The fund will invest in frontline stocks that is the stocks which in the view of the fund manager can provide superior growth opportunities.

Portfolio – Sector / Top 10 holdings

Issuer

Sector

Percentage

HDFC Bank Ltd.

Banking

6.69

Infosys Ltd.

Technology

4.36

ICICI Bank Ltd.

Banking

4.36

Reliance Industries Ltd.

Oil & Gas

3.89

Larsen & Tourbo Ltd.

Engineering

3.55

Axis Bank Ltd.

Banking

3.52

IndusInd Bank Ltd.

Banking

3.39

ITC Ltd.

Tobacco

3.34

Tata Motors Ltd.

Automotive

3.20

Tech Mahindra Ltd.

Technology

2.71

Risk measures

Sharpe

As on 31st July, 2015 it is 1.30.

Alpha

NA.

Beta

As on 31st July, 2015 it is 0.98

Standard Deviation

As on 31st July, 2015 it is 14.24%.

Performance

AUM for April- June 2015

Rs.9,000.82 crores

NAV (as on 30th June, 2015)

Regular Plan-
  • Growth: Rs.168.67
  • Dividend: Rs.29.29
Direct Plan-
  • Growth: Rs.172.33
  • Dividend: Rs.38.44

Returns and Benchmark comparison

Date

Scheme returns

S&P BSE 200

CNX Nifty

Since Inception (till 30th June, 2015)

24.29

18.93

17.89

30th June, 2014- 30th June, 2015

18.43

12.01

9.95

30th June, 2013- 30th June, 2014

41.83

34.45

30.28

30th June, 2012- 30th June, 2013

15.84

8.69

10.67

Expenses

Daily Net assets

Birla Sun Life Frontline Equity Fund expenses

First 100 crores

2.50%

Next 300 crores

2.25%

Next 300 crores

2%

Balance assets

1.75%

Expert view of the fund + outlook

The Birla Sun Life Frontline Equity Fund is a well-diversified fund across sectors. It is a large cap oriented equity fund which means that your money will be invested in stocks of large sized companies. The large companies tend to be stable when compared to mid-cap and small companies. This scheme is suitable for educating your child, your child’s marriage, if you are planning for retirement or to buy a house. This scheme is however not suitable for creating wealth and to meet lifestyle need or other short-term needs. You can review the performance of this scheme once a year. Currently, it is a good time to enter into this fund and you must not panic and remove your money if the markets are going down.

How to apply – online + distributors

You can buy the Birla Sun Life Frontline Equity Fund through both the online and offline platforms.

For applying through the online platform, you just have to visit the Mutual Fund Birla Sun Life webpage. You can invest online or you can also ask for an advisor. The webpage has an application form available, which you can fill and submit. To invest online, you need to key in your username or your folio number and your password that has been provided to you. You also need to key in your PAN card details as and when required.

In order to apply offline, you will have to physically approach the Birla Sun Life branch and submit your KYC form. You will then have to fill up all the application forms and then submit the form at the respective counter. If needed, you can also ask the executives to give you further clarification on the fund.

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