Birla Sun Life Top 100 Fund
Type or nature of fund
Birla Sun Life Top 100 Fund is an open ended growth scheme.
Investment objective
The investment objective of Birla Sun Life Top 100 Fund scheme is to generate medium to long term capital growth by investing predominantly in a diversified portfolio of equity and equity related securities of top 100 companies as measured by market capitalization.
Fund information
Inception date | 24th October, 2005 |
CRISIL rank | Scheme is ranked 1 under large cap-oriented equity funds and under consistent performers- equity funds as on July 2015. |
Plans | Regular and Direct. |
Options | Dividend Growth |
Schemes |
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Entry load | N.A. |
Exit load | 1% if scheme is redeemed or if you switch the units out within 365 days from the date of allotment. Nil if scheme is redeemed or if you switch the units out after 365 days from the date of allotment. Exit Load is NIL for units issued in Bonus & Dividend Reinvestment. |
Minimum investment | Minimum Investment: Rs.5,000 Additional Purchase: Rs.1000 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 and who want to investment in equity and equity related securities of top 100 companies as measured by market capitalisation. |
Benchmark | CNX Nifty is the benchmark. CNX Nifty is a well diversified 50 stock index. It accounts for 23 sectors of the economy. This index is used for variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds. CNX Nifty is owned and managed by India Index Services and Products Limited. |
SWP | N.A. |
STP | Daily Systematic Transfer Plan is available for Birla Sun Life Top 100 Fund |
Redemption | Within 10 working days of the receipt of the redemption request. |
Taxation (on investment and on redemption) | Investor must consult with his 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 Top 100 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 now 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 and he is a charter holder from ICFAI, Hyderabad as well.
Investment philosophy or strategy
Birla Sun Life Top 100 Fund scheme adopts a bottom-up approach to investing. The investment emphasis is to identify companies with strong competitive position in good businesses, and having quality managements. The scheme selects stocks from within the investment universe based on the following criteria:
- Visionary and trustworthy management with established track record
- Nature and stability of business
- Prospects for future growth and scalability
- Financial discipline and returns
- Valuations and growth potential
Portfolio - Sector / Top 10 holdings
Issuer | Sector | Percentage |
HDFC Bank Ltd. | Banking/ Finance | 6.15 |
Reliance Industries Ltd. | Oil & Gas | 4 |
Infosys Ltd. | IT | 3.79 |
ICICI Bank Ltd. | Banking/ Finance | 3.43 |
IndusInd Bank Ltd. | Banking/ Finance | 3.25 |
Axis Bank Ltd. | Banking/ Finance | 3.10 |
Larsen & Toubro Ltd. | Engineering | 2.97 |
Tech Mahindra Ltd. | IT | 2.67 |
ITC Ltd. | Tobacco | 2.45 |
HCL Technologies Ltd. | IT | 2.44 |
Risk measures
Sharpe | As on 31st July, 2015 it is 1.25 |
Alpha | N.A. |
Beta | As on 31st July, 2015 it is 1.01 |
Standard Deviation | As on 31st July, 2015 it is 14.83%. |
Expert view of the fund + outlook
Birla Sun Life Top 100 Fund is managed by Mahesh Patil who has over 23 years of experience. This plan is suitable for funding your child's education or your child's marriage, for planning your retirement or to buy a house. This scheme is not suitable for creating wealth or to meet your short term needs. This is a good time to enter into this scheme. If the markets are falling, do not panic and withdraw your money. Keep your eye on the long term goal and stick it out. The returns offered by mutual funds are tax free provided that you do not withdraw the money within a year. This scheme does not qualify for Section 80C ELSS benefit.
How to apply - online + distributors
You can buy the Birla Sun Life Top 100 Fund through both the online and offline platforms.
For applying through the online platform, visit the Mutual Fund Birla Sun Life webpage. You will get an option to invest online or you can also ask for an advisor. 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, after which you will have to fill up the application forms and then submit it at the respective counter. When you approach the bank, you can meet with the executive in charge and find out more about the scheme that you are applying for and then take an informed decision on which scheme that would best suit your needs.
GST rate of 18% applicable for all financial services effective July 1, 2017.
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