Type or nature of fund
Birla Sun Life Manufacturing Equity Fund is an open ended manufacturing sector scheme.
The investment objective of Birla Sun Life Manufacturing Equity Fund scheme is to generate long term capital appreciation to unit holders from a portfolio that is invested mainly in equity and equity related securities of companies engaged in manufacturing activities.
|Inception date||27th January, 2015|
|CRISIL rank||Not ranked.|
|Plans||Regular and Direct.|
For redemption or switch out of units within 365 days from the date of allotment- 1.50% of the applicable NAV
For redemption or switch out of units after 365 days but within 540 days from the date of allotment – 1% of the applicable NAV
For redemption or switch out of units after 540 days from the date of allotment – Nil
Minimum – Rs.5,000 and thereafter in multiples of Re.1Additional purchase:
Minimum – Rs.1,000 and thereafter in multiples of Re.1
Monthly minimum: Rs.1,000.
Investment dates: 1,7,10,14,20,21,28 of every month.
Frequency option: Monthly, half-yearly and yearly
|Product label – Risk and target investors||
Risk : 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 of companies involved in manufacturing sector.
S&P BSE 500 is the benchmark.
S&P BSE 500 consists of 500 scrips. While constructing this index, the changing pattern of the economy and the market was considered. This index represents nearly 93 percent of the total capitalisation on BSE. It covers 20 major industries of the economy.
Yes, investors have the option of fixed withdrawal and appreciation withdrawal.
Frequency: Monthly or quarterly
If the appreciation amount is less than Rs.1,000, then no SWP in that particular month or quarter.
Frequency: Monthly or quarterly
Systematic Transfer Plan is available for Birla Sun Life Manufacturing Equity Fund.
Frequency: Daily, weekly, monthly or quarterly
Minimum transfer amount:
Daily - Rs.500 and thereafter in multiples of Rs.100 minimum 20 transfers
Weekly – Rs.1,000 and above, minimum 6 transfers
Monthly – Rs.1,000 and above, minimum 6 transfers
Quarterly – Rs.2,000 and above, minimum 4 transfers
Daily – commencement date is 15th day from the date of receipt of the request
Weekly – 1,7,14,21,28
Monthly – 1,7,10,14,20,21,28
Quarterly – 1,7,10,14,20,21,28
In multiples of Re.1 or 0.001 units.
Redemption is dispatched within 10 working days from the date of redemption or repurchase.
|Taxation (on investment and on redemption)||Each investor is advised to consult his own tax advisors with respect to the specific amount of tax and other implications arising out of his participation in the scheme.|
Mr. Anil Shah handles the Birla Sun Life Manufacturing Equity Fund. He is 48 years old with over 25 years of experience in equity research and investment. He has completed his B.Com, C.A. and Cost Accountant. Before joining Birla Sun Life, he worked with RBS Equities India Ltd. for 15 years. Anil Shah also handles Birla Sun Life Equity fund, Birla Sun Life India GenNext fund, Birla Sun Life Special Situations fund and Birla Sun Life Focused Equity fund- Series 1.
Investment philosophy or strategy
The Birla Sun Life Manufacturing Equity Fund scheme aims to exploit the long term capital appreciation by investing in equity and equity related securities of companies of manufacturing sectors. The scheme may invest in money market instruments to manage its liquidity requirement as well. Companies selected will be analysed based on its nature, stability of business, prospect of future growth, financial strength and its track record.
Portfolio – Sector / Top 10 holdings
|Tata Chemicals Ltd.||Chemicals||5.48|
|Maruti Suzuki India Ltd.||Automotive||5.20|
|Dr. Reddy’s Laboratories Ltd.||Healthcare||4.08|
|Reliance Industries Ltd.||Energy||3.67|
|Bharath Electronics Ltd.||Engineering||3.65|
|Bharath Forge Ltd.||Automotive||3.33|
|Sun Pharmaceutical Inds. Ltd.||Pharmaceutical||3.29|
|Hero Motocorp Ltd.||Automotive||3.01|
|Asian Paints Ltd.||Chemicals||2.77|
|Sharpe||As on 31st July, 2015 it is 1.30.|
|Beta||As on 31st July, 2015 it is 0.98|
|Standard Deviation||As on 31st July, 2015 it is 14.24%.|
|AUM for April- June 2015||Rs.2,072.50 crores|
|NAV (as on 30th June, 2015)||N.A.|
|Returns and Benchmark comparison||N.A. as the scheme started this year.|
Expert view of the fund + outlook
The Birla Sun Life Manufacturing Equity Fund is ideal for those who wish to invest in the manufacturing companies and to those who want to generate long term capital. This scheme is not ideal for funding short term needs. If you are certain of having a huge expenditure in the future, invest in this plan. This scheme does not have a CRISIL rating yet.New investors can stay away from this scheme.
How to apply – online + distributors
You can buy the Birla Sun Life Manufacturing 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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