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 56282.87 crore at the end of June 2009.
Birla Sun Life Equity Fund (G) is an open-ended equity diversified scheme launched in August 1998. The objective of the scheme is to provide long term growth, through a portfolio with a target allocation of 90% equity, 10% debt and money market securities.
The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs 206.06 per unit as on 27 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 161.20 crore to Rs 1112.11 crore in June 2009.
Birla Sun Life Equity Fund (G) took fresh exposure to four stocks in June 2009. The scheme has purchased 3.98 lakh units (1.41%) of Century Textiles & Industries, 3.50 lakh units (1.23%) of Tata Steel, 1.93 lakh units (1.20%) of UltraTech Cement and 1.45 lakh units (0.38%) of Tata Motors.
The scheme exited completely from Indian Oil Corporation by selling 2.48 lakh units (1.59%), Indiabulls Real Estate by selling 4.59 lakh units (1.19%) and United Spirits by selling 1.16 lakh units (1.03%) among others in June 2009.
Sector-wise, the scheme took fresh exposures in Steel-Large at 1.23%, Cement-North India at 1.20% and Automobiles-LCVs/HCVs at 0.38%. Sector-wise, the scheme exits completely from Breweries & Distilleries at 1.03% in June 2009.
The scheme had highest exposure to Bharti Airtel with 10.42 lakh units (7.52% of portfolio size) followed by Reliance Industries with 3.61 lakh units (6.57%), Infosys Technologies with 3.64 lakh units (5.83%) and ONGC with 3.96 lakh units (3.80%) among others in June 2009
It reduced its exposure from ONGC to 3.96 lakh units (by 0.90%), Reliance Industries to 3.61 lakh units (0.77%), Reliance Infrastructure by selling 15156 units to 1.86 lakh units (0.70%) and Punj Lloyd by selling 2.40 lakh units to 6.78 lakh units (0.69%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 9.57% (from 9.16% in May 2009), followed by Telecommunications-Services Provider at 8.75% (7.64%), Computers-Software-Large at 7.50% (6.71%) and Power Generation and Supply at 6.60% (8.09%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Refineries to 6.57% (by 2.36%), construction to 4.22% (by 1.61%), Power Generation and Supply to 6.60% (by 1.49%) and Oil Drilling/Allied Services to 3.80% (by 0.90%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE 200. The scheme has outperformed the benchmark index over three months and one year time period, while it underperformed the benchmark index over one month and six months time period.
The scheme has posted returns of 4.07% underperformed the BSE 200 that increased by 4.61% over 1 month period ended 27 July 2009.
Over 3 months period, the scheme advanced by 45.49% outperformed the BSE 200 that gained 44.92%. It rose by 9.92% outperformed the benchmark index that was up by 7.30% over 1 year period.
Birla Sun Life Equity Fund (G) is an open-ended equity diversified scheme launched in August 1998. The objective of the scheme is to provide long term growth, through a portfolio with a target allocation of 90% equity, 10% debt and money market securities.
The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs 206.06 per unit as on 27 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 161.20 crore to Rs 1112.11 crore in June 2009.
Birla Sun Life Equity Fund (G) took fresh exposure to four stocks in June 2009. The scheme has purchased 3.98 lakh units (1.41%) of Century Textiles & Industries, 3.50 lakh units (1.23%) of Tata Steel, 1.93 lakh units (1.20%) of UltraTech Cement and 1.45 lakh units (0.38%) of Tata Motors.
The scheme exited completely from Indian Oil Corporation by selling 2.48 lakh units (1.59%), Indiabulls Real Estate by selling 4.59 lakh units (1.19%) and United Spirits by selling 1.16 lakh units (1.03%) among others in June 2009.
Sector-wise, the scheme took fresh exposures in Steel-Large at 1.23%, Cement-North India at 1.20% and Automobiles-LCVs/HCVs at 0.38%. Sector-wise, the scheme exits completely from Breweries & Distilleries at 1.03% in June 2009.
The scheme had highest exposure to Bharti Airtel with 10.42 lakh units (7.52% of portfolio size) followed by Reliance Industries with 3.61 lakh units (6.57%), Infosys Technologies with 3.64 lakh units (5.83%) and ONGC with 3.96 lakh units (3.80%) among others in June 2009
It reduced its exposure from ONGC to 3.96 lakh units (by 0.90%), Reliance Industries to 3.61 lakh units (0.77%), Reliance Infrastructure by selling 15156 units to 1.86 lakh units (0.70%) and Punj Lloyd by selling 2.40 lakh units to 6.78 lakh units (0.69%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 9.57% (from 9.16% in May 2009), followed by Telecommunications-Services Provider at 8.75% (7.64%), Computers-Software-Large at 7.50% (6.71%) and Power Generation and Supply at 6.60% (8.09%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Refineries to 6.57% (by 2.36%), construction to 4.22% (by 1.61%), Power Generation and Supply to 6.60% (by 1.49%) and Oil Drilling/Allied Services to 3.80% (by 0.90%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE 200. The scheme has outperformed the benchmark index over three months and one year time period, while it underperformed the benchmark index over one month and six months time period.
The scheme has posted returns of 4.07% underperformed the BSE 200 that increased by 4.61% over 1 month period ended 27 July 2009.
Over 3 months period, the scheme advanced by 45.49% outperformed the BSE 200 that gained 44.92%. It rose by 9.92% outperformed the benchmark index that was up by 7.30% over 1 year period.
No comments:
Post a Comment