Birla SL Frontline Equity Fund

Birla SL Frontline Equity Fund                                                        

Information about the scheme at a glance

Read in Marathi

Analysis of the Scheme:

This fund stands out for never underperforming its benchmark or category in any of the last ten years. It maintains an 85 per cent allocation to large caps, with sector exposures pegged strictly to the BSE 200 index. While 60-70 per cent of the portfolio is allocated to core long-term holdings, the remaining may take advantage of tactical opportunities. A follower of the growth-at-a-reasonable-price style, this fund strives for consistent wins over its benchmark rather than outsized gains. Competitive edge, scalability, governance and attractive valuations are the key filters for stock selection.

Equally good at containing losses in bear phases and delivering good participation in bull phases, the fund has managed a 23.5 per cent CAGR since launch. The 17.6 per cent CAGR for ten years and 17.4 per cent for seven years place it 5.8 per cent ahead of its benchmark. The management team has been exceptionally stable, with no changes in ten years, ensuring continuity of style and selection. The percentage of large caps in its portfolio has consistently remained at the 80-85 per cent mark, with mid-cap allocations at 15-20 per cent; small-cap exposure is negligible. Though the mandate does allow the fund to take cash calls for up to 25 per cent of the assets, the fund has not tried its hand much at timing the markets and has remained fully invested.

Don't look to this fund for delivering huge gains in bull markets. But if you like predictability in an uncertain market, this fund delivers it without fail.

Key Features

• Open-ended equity scheme
• Large Cap Oriented Schemes, main focuss on capital appreciation through investing in Larg Capitalized companies across all sectors, diversified.
• Suitable for an investment horizon of at least 3-5 years or more

This Product is suitable for Investors who are seeking*

• capital appreciation over long term.
• investment in a diversified portfolio predominantly consisting of equity and equity related instruments.

Investors should consult their financial advisers if in doubt about whether the product is suitable for them

Category of the Scheme: Large Cap Funds

Investment Allocation:
80% to 100% in Equities and Equity related Securities and up to 20% in Debt (Debentures, Government of India and State Government Bonds, Money Market Instruments)
Out of Equity & Equity related securities:
Large Cap Companies 85%
Mid Cap Companies 15%

Investment Style:
The Fund Manager seeks capital appreciation over the long-term by focussing on wealth creating companies that generates return on capital across all sectors in large cap category companies.

Type of Scheme: An Open-End Equity Scheme.

Investment Objective: The investment objective of the scheme is to provide growth of capital plus regular dividend through a diversified portfolio of equities, fixed income securities and money market instruments.

Date of Launch of the Scheme: 30 Aug 2002

Fund Manager:

Mr. Mahesh Patil Managing this fund since Nov 2005

Benchmark: S&P BSE 200

NAV As on 17 June 2016
Regular Growth Option: Rs.166.12
Regular Dividend Option: Rs.25.22

Fund Size (AUM - Asset Under Management) Rs.11847 Crores as on 31 May 2016

Portfolio Turnover: 0.80 Times

Volatility Measures (3 Years)
Standard Deviation:  15.72%
Beta:                         1.00
Sharp Ratio               0.58


Expense Ratio: 2.25%


Investment Limit:
Minimum Investment (First Time): Rs.5000/-
Maximum Investment: No Limit
Additional Investment: Rs.1000/-
SIP: Monthly: Minimum Rs.1000/-


Load:
Entry Load: NIL
Exit Load: 1% if redeemed/switched out within 365 days from date of allotment, Nil after 365 days.

SIP Performance - If you had invested Rs.10000/- per month as on 31st March 2016

	1 Year	3 Year	5 Year	Since Inception
Total Amount invested (Rs.)	120,000	360,000	600,000	1,630,000
Total Value as on 31/03/2016	117,188	433,417	868,519	6,472,498
Scheme Returns	-4.32%	12.44%	14.78%	18.58%
S&P BSE200	-7.08%	7.28%	9.35%	12.79%
Nifty 50	-7.07%	5.19%	8.05%	12.21%

Scheme Details at a Glance:

Basic Details
Fund House:	Birla Sun Life Mutual Fund
Launch Date:	Aug 30, 2002
Benchmark:	S&P BSE 200
Riskometer:	Moderately High
Risk Grade:	Below Average
Return Grade:	High
Turnover:	50%
Type:	Open-ended

Investment Details
Return since Launch:		22.57%
Minimum Investment (R)		5,000
Minimum Addl Investment (R)		1,000
Minimum SIP Investment (R)		1,000
Minimum No of Cheques		6
Minimum Withdrawal (R)		-
Minimum Balance (R)		-
Exit Load (%)	1% for redemption within 365 days

Performance

	YTD	1-Month	3-Month	1-Year	3-Year	5-Year	10-Year
Fund	4.63	3.46	9.79	4.84	19.36	14.36	16.72
S&P BSE 200	2.06	3.12	9.17	1.72	13.68	9.13	11.23
Category	2.79	3.56	8.99	1.80	14.78	10.20	11.52
Rank within Category	16	96	27	18	14	3	1
Number of funds in category	150	151	150	141	130	67	44

Best & Worst Performance	Best (Period)		Worst (Period)
Month	33.57	(May 11, 09 - Jun 10, 2009)	-30.85	(Sep 24, 08 - Oct 24, 2008)
Quarter	80.16	(Mar 09, 09 - Jun 10, 2009)	-35.11	(Sep 02, 08 - Dec 02, 2008)
Year	117.37	(Mar 09, 09 - Mar 11, 2010)	-50.51	(Dec 04, 07 - Dec 03, 2008)

Risk Measures (%)	Mean	Std Dev	Sharpe	Sortino	Beta	Alpha
Fund	18.15	15.62	0.84	1.57	1.00	6.67
S&P BSE 200	13.13	15.63	0.52	0.92	-	-
Category	14.14	15.40	0.59	1.08	0.97	2.81
Rank within Category	14	50	11	10	47	16
Number of funds in category	138	138	138	138	138	138

As on May 31, 2016

Trailing Returns (%)	YTD	1-Day	1-W	1-M	3-M	6-M	1-Y	3-Y	5-Y	7-Y	10-Y
Fund	4.63	0.26	0.14	3.46	9.79	5.87	4.84	19.36	14.36	15.03	16.72
S&P BSE 200	2.06	0.25	-0.04	3.12	9.17	3.56	1.72	13.68	9.13	10.00	11.23
Category	2.79	0.31	0.10	3.56	8.99	3.98	1.80	14.78	10.20	11.16	11.52
Rank within Category	16	103	42	96	27	15	18	14	3	4	1
Number of funds in category	150	152	152	151	150	150	141	130	67	56	44

As on Jun 17, 2016

Concentration & Valuation
Number of Stocks	74
Top 10 Stocks (%)	38.74
Top 5 Stocks (%)	25.29
Top 3 Sectors (%)	52.75
Portfolio P/B Ratio	2.63
Portfolio P/E Ratio	19.28

Portfolio Aggregates
	Fund	Benchmark	Category
Average Mkt Cap (Rs Cr)	83,011.10	144,530.16	124,824.93
Giant (%)	60.26	63.93	75.84
Large (%)	24.98	22.71	18.13
Mid (%)	14.75	13.06	7.16
Small (%)	-	0.29	1.56
Tiny (%)	-	-	0.00

	Value Research Fund Style

Top Holdings
	Company	Sector	PE	3Y High	3Y Low	% Assets
	HDFC Bank	Financial	23.12	7.19	2.94	7.10
	Infosys	Technology	19.79	6.35	2.75	5.95
	Reliance Industries	Energy	11.42	5.42	2.09	4.44
	Larsen & Toubro	Diversified	27.06	4.84	2.26	4.12
	ITC	FMCG	29.19	6.42	2.89	3.69
	ICICI Bank	Financial	13.62	6.23	3.05	3.16
	Maruti Suzuki India	Automobile	26.42	3.67	1.12	2.69
	Indusind Bank	Financial	28.62	3.39	1.35	2.61
	HCL Technologies	Technology	14.25	3.89	1.84	2.57
	Tata Motors	Automobile	12.13	3.22	0.00	2.43
	Sun Pharmaceutical Inds.	Healthcare	37.91	3.20	0.58	2.30
	Grasim Industries	Diversified	17.12	2.27	1.52	2.23
	Axis Bank	Financial	15.05	3.84	0.00	2.22
	HDFC	Financial	19.05	3.60	0.93	2.15
	Yes Bank	Financial	17.81	2.06	0.00	1.86
	NTPC	Energy	12.33	2.67	0.00	1.85
	Kotak Mahindra Bank	Financial	39.79	2.13	0.00	1.73
	Zee Entertainment Ent.	Services	42.07	2.01	0.45	1.64
	Crompton Greaves Consumer Electricals	Cons Durable	79.78	1.62	0.00	1.62
	Indian Oil Corp.	Energy	8.94	1.68	0.00	1.53
	Hindustan Unilever	FMCG	46.70	2.45	0.00	1.51
	Tech Mahindra	Technology	16.68	3.16	0.00	1.44
	Dr. Reddy's Lab	Healthcare	25.62	2.76	1.40	1.40
	Coal India	Energy	13.87	1.99	0.00	1.39
	Hero Motocorp	Automobile	19.55	1.82	0.00	1.38

   Indicates an increase or decrease or no change in holding since last portfolio
 Indicates a new holding since last portfolio

As on May 31, 2016

Source: Valueresearchonline.com

Do you wish to invest in this scheme?

• Please download CAN (Common Account No.) Registration Form it is fillable form, please fill up details, take printout, make signature/s.
• Please download PayEezz Mandate Form take printout, make signature/s.
• Please download KYC Form take printout, affix photo at the space provided for make signature across the photo (half outside and half on photo), make second signature at the space provided for at the bottom in square.
• Attach self attested copies of PAN Card & Address Proof and one cancelled cheque.

If you are KYC compliant existing investor in Mutual Funds:

• Please download CAN (Common Account No.) Registration Form it is fillable form, please fill up details, take printout, make signature/s.
• Please download PayEezz Mandate Form take printout, make signature/s.
• Attach self attested copies of PAN Card & Address Proof and one cancelled cheque.

If you need any assistance for filling above forms please call on us: 02355-251089 Mobile: 9422430302 Email: tfscontactus@gamil.com

Send all as above to by courier or post:

Thakur Financial Services

275, Manisha, Near ICICI Bank, 

Kaviltali, Chiplun-415605, 

Dist: Ratnagiri

We will do the rest on your behalf and once your one time registration process is completed and one time bank mandate is registered with your bank, you can call on us for discussing the suitable mutual fund scheme for you on the basis of your income, age, capacity invest, your risk tolerance capacity, investment horizon, your goals, reason for investment etc., and then appropriate scheme will be suggested to you, and we shall be able to do the investment (lump-sum or SIP) without any form, cheque, signature i.e. totally paperless.