Background: Birla Sun Life Asset Management Company (investment managers for Birla Mutual Fund) is a joint venture between the Aditya Birla Group and Sun Life Financial Services of Canada. Birla Sun Life Mutual Fund has emerged as one of India's leading mutual funds and offers a spectrum of investment schemes designed to cater to every need of the investor. The fund house manages assets worth Rs 47096.23 crore at the end of March 2009.
Birla Sun Life Advantage Fund (G) an open-ended equity scheme was launched in August 1998. The objective of the scheme is to achieve long term growth of capital at relatively moderate levels of risk through a diversified research based investment approach. The minimum investment amount is Rs.5000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 86.77 as on 16 April 2009.
Portfolio: The total net assets of the scheme decreased by Rs 0.31 crore to Rs 218.80 crore in March 2009.
Birla Sun Life Advantage Fund (G) took fresh exposure to four new stocks in March 2009. The scheme has purchased 2.80 lakh units (1.17%) of Punj Lloyd, 4.68 lakh units (1.16%) of Infrastructure Development Finance Company, 36705 units (0.64%) of BEML, 1314 units (0.01%) of Sun TV Network.
The scheme completely exited from Bharat Petroleum Corporation by selling 1.00 lakh units (1.75%), Jet Airways (India) by selling 1.85 lakh units (1.20%), Aban Offshore by selling 45501 units (0.66%) and Unitech by selling 5.00 lakh units (0.64%) among others in March 2009.
Sector-wise, the scheme took fresh exposure to Finance & Investments at 1.16% and Entertainment/Electronic Media Software at 0.01% in March 2009.
Sector-Wise, the scheme exited completely from Transport – Airlines at 1.20% and Oil Drilling/Allied Services at 0.66% in March 2009.
The scheme had highest exposure to Reliance Industries with 1.12 lakh units (7.83% of portfolio) followed by Infosys Technologies with 82289 units (4.98%) and Bharat Heavy Electricals with 64284 units (4.42%) among others in March 2009.
It reduced its exposure to Indian Oil Corporation by selling 82570 units to 1.87 lakh units (by 2.07%), Housing Development Finance Corporation by selling 28527 units to 31473 units (by 1.45%) and Jindal Steel & Power by selling 23734 units to 56266 units (by 0.72%) among others in March 2009.
Sector-wise, the scheme had highest exposure to Refineries at 11.15% (from 12.68% in February 2009), followed by Telecommunications - Service Provider at 11.07% (9.43%) and Banks - Private Sector at 7.79% (8.44%) among others in March 2009.
Sector wise, the scheme had reduced exposure to Refineries to 11.15% (by 1.53%), Finance – Housing to 2.03% (by 1.45%) and Steel - Sponge Iron to 3.09% (by 0.72%) among others in March 2009.
Performance: The scheme underperformed the Sensex over all the time periods.
Over three-month period ended as on 16 April 2009, the scheme posted returns of 12.95% underperforming the Sensex that posted returns of 17.41%. Over 6 month period, the scheme's returns rose 3.14% underperforming the Sensex that gained 9.74%.
The returns of the scheme over one year period fell 35.75% underperforming the Sensex that plunged by 33.58%.
Birla Sun Life Advantage Fund (G) an open-ended equity scheme was launched in August 1998. The objective of the scheme is to achieve long term growth of capital at relatively moderate levels of risk through a diversified research based investment approach. The minimum investment amount is Rs.5000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 86.77 as on 16 April 2009.
Portfolio: The total net assets of the scheme decreased by Rs 0.31 crore to Rs 218.80 crore in March 2009.
Birla Sun Life Advantage Fund (G) took fresh exposure to four new stocks in March 2009. The scheme has purchased 2.80 lakh units (1.17%) of Punj Lloyd, 4.68 lakh units (1.16%) of Infrastructure Development Finance Company, 36705 units (0.64%) of BEML, 1314 units (0.01%) of Sun TV Network.
The scheme completely exited from Bharat Petroleum Corporation by selling 1.00 lakh units (1.75%), Jet Airways (India) by selling 1.85 lakh units (1.20%), Aban Offshore by selling 45501 units (0.66%) and Unitech by selling 5.00 lakh units (0.64%) among others in March 2009.
Sector-wise, the scheme took fresh exposure to Finance & Investments at 1.16% and Entertainment/Electronic Media Software at 0.01% in March 2009.
Sector-Wise, the scheme exited completely from Transport – Airlines at 1.20% and Oil Drilling/Allied Services at 0.66% in March 2009.
The scheme had highest exposure to Reliance Industries with 1.12 lakh units (7.83% of portfolio) followed by Infosys Technologies with 82289 units (4.98%) and Bharat Heavy Electricals with 64284 units (4.42%) among others in March 2009.
It reduced its exposure to Indian Oil Corporation by selling 82570 units to 1.87 lakh units (by 2.07%), Housing Development Finance Corporation by selling 28527 units to 31473 units (by 1.45%) and Jindal Steel & Power by selling 23734 units to 56266 units (by 0.72%) among others in March 2009.
Sector-wise, the scheme had highest exposure to Refineries at 11.15% (from 12.68% in February 2009), followed by Telecommunications - Service Provider at 11.07% (9.43%) and Banks - Private Sector at 7.79% (8.44%) among others in March 2009.
Sector wise, the scheme had reduced exposure to Refineries to 11.15% (by 1.53%), Finance – Housing to 2.03% (by 1.45%) and Steel - Sponge Iron to 3.09% (by 0.72%) among others in March 2009.
Performance: The scheme underperformed the Sensex over all the time periods.
Over three-month period ended as on 16 April 2009, the scheme posted returns of 12.95% underperforming the Sensex that posted returns of 17.41%. Over 6 month period, the scheme's returns rose 3.14% underperforming the Sensex that gained 9.74%.
The returns of the scheme over one year period fell 35.75% underperforming the Sensex that plunged by 33.58%.
No comments:
Post a Comment