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 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. 56586.024 crore at the end of May 2009.
Birla Sun Life Frontline Equity Fund (G) is an open-ended growth scheme launched in August 2002. Birla Sun Life Frontline Equity Fund is an open-end growth scheme with the objective of long-term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 200.
The secondary objective is income generation and distribution of dividend. The minimum investment amount is Rs.5000 and in multiples of Rs.1 thereafter. The unit NAV of the scheme was Rs.64.29 as on 9 June 2009.
Portfolio: The total net assets of the scheme increased by Rs.143.02 crore to Rs.624.16 crore in May 2009.
Birla Sun Life Frontline Equity Fund (G) took fresh exposure to ten stocks in May 2009. The scheme has purchased 2.51 lakh units (1.98%) of Siemens, 3.62 lakh units (1.43%) of Indiabulls Real Estate and 5.75 lakh lakh units (1.28%) of Nagarjuna Construction Company and 2.82 lakh units (0.94%) of Jaiprakash Associates among others in May 2009.
The scheme completely exited from Hindalco Industries by selling 9.82 lakh units (1.10%), Hindustan Petroleum Corporatio by selling 1.67 lakh units (0.96%), and Infrastructure Development Finance Company by selling 5.09 lakh units (0.81%) in May 2009.
Sector-wise, the scheme took fresh exposure to Trading at 0.75% in May 2009. Sector-wise, the scheme completely exited from Aluminium and Aluminium Products at 1.10% in May 2009.
The scheme had highest exposure to Reliance Industries with 1.84 lakh units (6.73% of portfolio size) followed by Bharti Airtel with 4.78 lakh units (6.29%), Infosys Technologies with 1.81 lakh units (4.67%) and Oil & Natural Gas Corporation 2.39 lakh units (4.52%) among others in May 2009.
It reduced its exposure to Larsen & Toubro by selling 1.24 lakh units to 52842 units (by 2.05%), Infosys Technologies by selling 22024 units to 1.81 lakh units (1.72%), and ITC by selling 1.03 lakh units to 8.63 lakh units (1.26%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Refineries at 8.34% (10.42% in April 2009), followed by Banks-Private Sector 8.12% (9.25%), Power Generation And Supply at 7.18% (6.90%), and Computers-Software-Large at 7.05% (9.17%) among others in May 2009.
Sector wise, the scheme had reduced exposure in Computers-Software-Large to 7.05% (by 2.12%), Refineries to 8.34% (by 2.08%), Engineering-Turnkey Services to 1.19% (by 2.05%), and Cigarettes to 2.54% (by 1.26%) among others in May 2009
Performance: The performance of scheme is benchmarked against BSE 200. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted returns of 28.89% underperforming the BSE 200 that gained 30.88% over 1 month period ended 9 June 2009.
Over 3 months period, the scheme advanced by 76.43% underperforming the benchmark index that gained 90.65%.
It rose 10.50% outperforming the benchmark index that declined by 1.75% over 1 year period.
Birla Sun Life Frontline Equity Fund (G) is an open-ended growth scheme launched in August 2002. Birla Sun Life Frontline Equity Fund is an open-end growth scheme with the objective of long-term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 200.
The secondary objective is income generation and distribution of dividend. The minimum investment amount is Rs.5000 and in multiples of Rs.1 thereafter. The unit NAV of the scheme was Rs.64.29 as on 9 June 2009.
Portfolio: The total net assets of the scheme increased by Rs.143.02 crore to Rs.624.16 crore in May 2009.
Birla Sun Life Frontline Equity Fund (G) took fresh exposure to ten stocks in May 2009. The scheme has purchased 2.51 lakh units (1.98%) of Siemens, 3.62 lakh units (1.43%) of Indiabulls Real Estate and 5.75 lakh lakh units (1.28%) of Nagarjuna Construction Company and 2.82 lakh units (0.94%) of Jaiprakash Associates among others in May 2009.
The scheme completely exited from Hindalco Industries by selling 9.82 lakh units (1.10%), Hindustan Petroleum Corporatio by selling 1.67 lakh units (0.96%), and Infrastructure Development Finance Company by selling 5.09 lakh units (0.81%) in May 2009.
Sector-wise, the scheme took fresh exposure to Trading at 0.75% in May 2009. Sector-wise, the scheme completely exited from Aluminium and Aluminium Products at 1.10% in May 2009.
The scheme had highest exposure to Reliance Industries with 1.84 lakh units (6.73% of portfolio size) followed by Bharti Airtel with 4.78 lakh units (6.29%), Infosys Technologies with 1.81 lakh units (4.67%) and Oil & Natural Gas Corporation 2.39 lakh units (4.52%) among others in May 2009.
It reduced its exposure to Larsen & Toubro by selling 1.24 lakh units to 52842 units (by 2.05%), Infosys Technologies by selling 22024 units to 1.81 lakh units (1.72%), and ITC by selling 1.03 lakh units to 8.63 lakh units (1.26%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Refineries at 8.34% (10.42% in April 2009), followed by Banks-Private Sector 8.12% (9.25%), Power Generation And Supply at 7.18% (6.90%), and Computers-Software-Large at 7.05% (9.17%) among others in May 2009.
Sector wise, the scheme had reduced exposure in Computers-Software-Large to 7.05% (by 2.12%), Refineries to 8.34% (by 2.08%), Engineering-Turnkey Services to 1.19% (by 2.05%), and Cigarettes to 2.54% (by 1.26%) among others in May 2009
Performance: The performance of scheme is benchmarked against BSE 200. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted returns of 28.89% underperforming the BSE 200 that gained 30.88% over 1 month period ended 9 June 2009.
Over 3 months period, the scheme advanced by 76.43% underperforming the benchmark index that gained 90.65%.
It rose 10.50% outperforming the benchmark index that declined by 1.75% over 1 year period.
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