Connect for the Month of February 2009 - Birla Sun Life Mutual Fund
Connect for the Month of February 2009 - Birla Sun Life Mutual Fund
Connect for the Month of February 2009 - Birla Sun Life Mutual Fund
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F e b r u a r y 2 0 0 9<br />
<strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong> Long Term<br />
Advantage <strong>Fund</strong> Series - I<br />
As on January 30, <strong>2009</strong><br />
Investment Style Box<br />
Investment Style<br />
Value Blend Growth Size<br />
Large<br />
Mid<br />
Small<br />
Investment Objective<br />
A Closed-end Small and Mid Cap Equity Scheme with a maturity <strong>of</strong> 3 years. Upon maturity, <strong>the</strong> scheme shall automatically be converted into an<br />
Open-ended scheme. It seeks to generate consistent long-term capital appreciation by investing predominantly in equity and equity related<br />
securities <strong>of</strong> companies considered to be small and mid cap. The Scheme may also invest a certain portion <strong>of</strong> its corpus in fixed income<br />
securities including money market instruments, in order to meet liquidity requirements from time to time.<br />
Investment Per<strong>for</strong>mance<br />
<strong>Fund</strong> Details<br />
0<br />
-10<br />
1 Year Since Inception<br />
<strong>Fund</strong> Manager : Mr. Ankit Sancheti<br />
Managing <strong>Fund</strong> Since : September 2, 2008<br />
Total Experience : 8 years<br />
Date <strong>of</strong> inception : May 31, 2007<br />
Nature <strong>of</strong> <strong>the</strong> scheme : A Closed-end Small and Mid<br />
Cap Equity Scheme<br />
% Returns<br />
-20<br />
-30<br />
-40<br />
-50<br />
-35.56<br />
-25.83<br />
Key Features<br />
Default option : N/A<br />
Fresh Purchase : NA<br />
Additional Purchase : NA<br />
Redemption Cheques : NA<br />
issued<br />
Systematic Investment : NA<br />
Plan (SIP)<br />
Systematic Withdrawal : NA<br />
Plan (SWP)<br />
Systematic Transfer : NA<br />
Plan (STP)<br />
Plans / Options & NAV<br />
Dividend : 4.80<br />
(Payout & Reinvestment)<br />
Growth : 4.80<br />
Benchmark : BSE 500<br />
Average AUM : Rs. 154.89 Crores<br />
Load Structure<br />
Entry Load : NA<br />
Exit Load : Nil<br />
Investors <strong>of</strong>fering units <strong>for</strong><br />
repurchase be<strong>for</strong>e maturity <strong>of</strong> <strong>the</strong><br />
scheme / conversion <strong>of</strong> scheme into<br />
open ended scheme will be charged<br />
balance proportionate unamortized<br />
issue expenses on <strong>the</strong> applicable<br />
NAV.<br />
O<strong>the</strong>r Parameter<br />
Standard Deviation : 36.46%<br />
Sharpe Ratio ##<br />
: -1.64<br />
Beta : 0.80<br />
Annual Portfolio<br />
Turnover ratio : –<br />
Issuer<br />
-60<br />
-70<br />
-57.83<br />
% to Net<br />
Assets<br />
Banks 13.37<br />
Indian Bank 3.42<br />
ING Vysya Bank Ltd. 3.30<br />
Oriental Bank <strong>of</strong> Commerce 2.24<br />
South Indian Bank Ltd. 2.21<br />
City Union Bank Ltd. 1.58<br />
Bank <strong>of</strong> Maharashtra 0.62<br />
Consumer Non Durables 9.11<br />
Glaxosmithkline Consumer Healthcare Ltd. 5.44<br />
Radico Khaitan Ltd 2.01<br />
Shaw Wallace Company Ltd. 0.89<br />
Eveready Industries India Ltd. 0.77<br />
Millennium Beer Industries Ltd.** 0.00<br />
Industrial Products 6.58<br />
Jain Irrigation Systems Ltd. 3.34<br />
Paper Products Ltd. 1.33<br />
Sintex Industries Ltd. 1.16<br />
Greaves Cotton Ltd. 0.76<br />
Construction 6.53<br />
Nagarjuna Construction Co. Ltd. 1.54<br />
Gammon India Ltd. 1.47<br />
Hindustan Sanitaryware & Industries Ltd. 1.35<br />
JMC Projects India Ltd. 1.00<br />
IVRCL Infrastructures & Projects Ltd. 0.74<br />
ITD Cementation India Ltd. 0.42<br />
Power 5.67<br />
CESC Ltd. 2.39<br />
Jyoti Structures Ltd. 2.01<br />
-52.14<br />
<strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong> Long Term Advantage <strong>Fund</strong> Series I - Growth BSE 500<br />
Issuer<br />
Portfolio Asset Allocation<br />
% to Net<br />
Assets<br />
GVK Power & Infrastructure Ltd. 1.27<br />
Industrial Capital Goods 4.63<br />
Crompton Greaves Ltd. 2.90<br />
Honeywell Automation India Ltd. 0.90<br />
Hindustan Dorr-Oliver Ltd. 0.83<br />
Pharmaceuticals 4.30<br />
Pfizer Ltd. 2.79<br />
Dishman Pharmaceuticals & Chemicals Ltd. 1.51<br />
Auto Ancillaries 3.11<br />
Exide Industries Ltd. 1.23<br />
Wabco-Tvs (India) Ltd. 1.22<br />
<strong>Sun</strong>daram-Clayton Ltd. 0.65<br />
Petroleum Products 2.47<br />
Apar Industries Ltd. 2.47<br />
Finance 2.13<br />
ICRA Ltd. 1.92<br />
McDowell Holdings Ltd. 0.21<br />
Fertilisers 2.04<br />
Tata Chemicals Ltd. 1.42<br />
Aries Agro Ltd. 0.61<br />
Retailing 1.61<br />
Trent Ltd. 1.42<br />
Shoppers Stop Ltd. 0.19<br />
Auto 1.57<br />
** Represents thinly traded/ non traded securities. Total Percentage <strong>of</strong> thinly/non traded securities is 0%.<br />
Past per<strong>for</strong>mance may or may not be sustained in future. Returns are in % and<br />
absolute returns <strong>for</strong> period less than 1 year & CAGR <strong>for</strong> period 1 year or more.<br />
Issuer<br />
% to Net<br />
Assets<br />
Eicher Motors Ltd. 1.57<br />
Diversified 1.20<br />
Aditya <strong>Birla</strong> Nuvo Ltd. 1.20<br />
Ferrous Metals 1.18<br />
Maharashtra Seamless Ltd. 1.18<br />
Paper 1.16<br />
Ballarpur Industries Ltd. 1.16<br />
Chemicals 1.15<br />
Micro Inks Ltd. 1.15<br />
Hotels 0.98<br />
Taj GVK Hotels & Resorts Ltd. 0.98<br />
S<strong>of</strong>tware 0.87<br />
Geometric Ltd. 0.87<br />
Media & Entertainment 0.87<br />
Balaji Telefilms Ltd. 0.87<br />
Textile Products 0.73<br />
Raymond Ltd. 0.73<br />
Cash & Cash Equivalents 16.00<br />
Net receivables / payables 12.76<br />
Total Net Asset 100.00<br />
Note:<br />
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The<br />
fund has completed 1 year but yet to complete 3 years since its inception so <strong>the</strong> ratio<br />
is calculated on <strong>the</strong> basis <strong>of</strong> historical 1 year returns, source: MFI<br />
##Risk-free rate assumed to be 4.75%(91 day T-bill yield as on January 30, <strong>2009</strong>)<br />
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