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> Liquid Plus<br />
As on January 30, <strong>2009</strong><br />
Investment Style Box<br />
Credit Quality<br />
High Med Low<br />
Interest Rate<br />
Sensitivity<br />
High<br />
Investment Objective<br />
The primary objective <strong>of</strong> <strong>the</strong> schemes is to generate regular income through investments in debt and money market instruments. Income maybe<br />
generated through <strong>the</strong> receipt <strong>of</strong> coupon payments or <strong>the</strong> purchase and sale <strong>of</strong> securities in <strong>the</strong> underlying portfolio. The schemes will<br />
undernormal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.<br />
Mid<br />
Low<br />
12<br />
Investment Per<strong>for</strong>mance<br />
Rating Pr<strong>of</strong>ile<br />
<strong>Fund</strong> Details<br />
<strong>Fund</strong> Manager : Mr. Satyabrata Mohanty &<br />
Mr. Maneesh Dangi<br />
Managing <strong>Fund</strong> Since : November 30, 2007<br />
Total Experience : 10 years & 6 years<br />
Date <strong>of</strong> inception<br />
Retail Plan : November 27, 2001<br />
Institutional Plan : April 16, 2003<br />
Nature <strong>of</strong> <strong>the</strong> scheme : An Open Ended Short Term<br />
Income Scheme<br />
Key Features<br />
Default option : Appln <strong>of</strong> less than Rs. 1 cr - Retail<br />
Plan - Weekly Dividend<br />
Reinvestment<br />
Appln <strong>of</strong> equal to or greater than<br />
Rs. 1 cr - Institutional Plan - Daily<br />
Dividend Reinvestment<br />
Retail Plan<br />
Fresh Purchase : Rs. 10000/-<br />
Additional Purchase : Rs. 1000/-<br />
Institutional Plan<br />
Fresh Purchase : Rs. 1 Crore<br />
Additional Purchase : Rs. 1 Lac<br />
Redemption Cheques : Within 10 working days<br />
issued<br />
Systematic Investment : Available<br />
Plan (SIP)<br />
Systematic Withdrawal : Available<br />
Plan (SWP)<br />
Systematic Transfer : Available<br />
Plan (STP)<br />
Plans / Options & NAV<br />
Retail Plan<br />
Growth : 16.1831<br />
Daily Dividend : 10.0089<br />
(Reinvestment)<br />
Weekly Dividend : 10.0195<br />
(Payout & Reinvestment)<br />
Fortnightly Dividend : 11.1325<br />
(Payout & Reinvestment)<br />
<strong>Month</strong>ly Dividend : 10.1893<br />
(Payout & Reinvestment)<br />
Institutional Plan<br />
Growth : 16.4402<br />
Daily Dividend : 10.0090<br />
(Reinvestment)<br />
Weekly Dividend : 10.0204<br />
(Payout & Reinvestment)<br />
Fortnightly Dividend : 10.6981<br />
(Payout & Reinvestment)<br />
<strong>Month</strong>ly Dividend : 10.2025<br />
(Payout & Reinvestment)<br />
Benchmark : CRISIL Short-Term Bond <strong>Fund</strong><br />
Index<br />
Average AUM : Rs. 11761.87 Crores<br />
Load Structure (Incl. <strong>for</strong> SIP)<br />
Entry Load : Nil<br />
Exit Load : Nil<br />
% Returns<br />
10<br />
8<br />
6<br />
4<br />
2<br />
0<br />
8.91<br />
9.63<br />
7.95<br />
7.83<br />
6.74 6.93<br />
6.18<br />
1 Year 3 Years 5 Years Since Inception<br />
<strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong> Liquid Plus - Retail Growth<br />
CRISIL Short-Term Bond <strong>Fund</strong> Index<br />
Past per<strong>for</strong>mance may or may not be sustained in future. Returns are in % and absolute returns <strong>for</strong> period less than<br />
1 year & CAGR <strong>for</strong> period 1 year or more.When benchmark returns are not available, <strong>the</strong>y have not been shown.<br />
Issuer % to Net Rating<br />
Assets<br />
Money Market Instruments 61.80<br />
ICICI Bank Ltd. 17.82 A1+<br />
IDBI Bank Ltd. 5.69 P1+<br />
Punjab National Bank 4.99 PR1+<br />
IDBI Bank Ltd. 4.37 A1+<br />
Housing Development Finance Corporation Ltd. 3.71 A1+<br />
ONGC Videsh Ltd. 3.15 P1+(SO)<br />
Bank <strong>of</strong> Baroda 2.78 A1+<br />
Jammu & Kashmir Bank Ltd. 2.68 P1+<br />
State Bank <strong>of</strong> Bikaner and Jaipur 2.47 P1+<br />
State Bank <strong>of</strong> Patiala 2.05 P1+<br />
CitiBank N.A. 1.93 P1+<br />
Corporation Bank 1.80 P1+<br />
State Bank <strong>of</strong> Hyderabad 1.24 A1+<br />
Indian Oil Corporation Ltd. 1.21 A1+<br />
LIC Housing Finance Ltd. 0.97 P1+<br />
State Bank <strong>of</strong> Travancore 0.50 P1+<br />
Indian Bank 0.43 F1+<br />
UCO Bank 0.36 P1+<br />
State Bank <strong>of</strong> Indore 0.34 P1+<br />
Indiabulls Financial Services Ltd. 0.33 P1+<br />
Canara Bank 0.33 P1+<br />
Export-Import Bank <strong>of</strong> India 0.33 A1+<br />
Kotak Mahindra Bank Ltd. 0.32 P1+<br />
Yes Bank Ltd. 0.29 A1+<br />
Union Bank <strong>of</strong> India 0.26 P1+<br />
State Bank <strong>of</strong> India 0.22 P1+<br />
Infrastructure Development Finance Company Ltd. 0.22 A1+<br />
Tata Motors Finance Ltd. 0.18 P1<br />
Apollo Tyres Ltd. 0.17 P1+<br />
ABN AMRO Bank 0.13 A1+<br />
Punjab National Bank 0.12 F1+<br />
Tata Capital Ltd. 0.09 A1+<br />
Canara Bank 0.08 A1+<br />
Export-Import Bank <strong>of</strong> India 0.08 AAA<br />
Federal Bank Ltd. 0.07 P1+<br />
Union Bank <strong>of</strong> India 0.04 A1+<br />
<strong>Birla</strong> Global Finance Ltd. 0.04 A1+<br />
Reliance Capital Ltd. 0.02 A1+<br />
Securitised Debt 9.95<br />
BHARAT PETROLEUM** 2.70 P1+(SO)<br />
HINDUSTAN PETROLEUM** 2.49 A1+(SO)<br />
DLF LTD** 1.83 A1(SO)<br />
DLF LTD** 0.73 F1(SO)<br />
SHRIRAM TRANSPORT FINANCE COMPANY LTD** 0.30 F1+(SO)<br />
POWER FINANCE CORP** 1.77 AAA(SO)<br />
ABS** 0.04 AAA(SO)<br />
NTPC LTD** 0.04 AAA(SO)<br />
Cash & Current Assets<br />
Bills Discounted<br />
Sovereign<br />
Portfolio & Asset Allocation<br />
Issuer % to Net Rating<br />
Assets<br />
WOCKHARDT** 0.02 F1+(SO)<br />
L & T Finance Ltd.** 0.01 P1+(SO)<br />
BHARTI VENTURES LIMITED LOAN TRUST** 0.01 A1+(SO)<br />
Floating Rate Instruments 6.29<br />
Housing Development Finance Corporation Ltd. 2.12 AAA<br />
Tata Steel Ltd. 1.05 AA<br />
Ultratech Cement Ltd. 1.05 AAA<br />
Housing Development Finance Corporation Ltd. 0.71 LAAA<br />
CitiFinancial Consumer Finance India Ltd 0.70 AA+<br />
Berger Paints India Ltd. 0.33 P1+<br />
Indian Railway Finance Corporation Ltd 0.17 AAA<br />
Tata Sons Ltd. 0.10 AAA<br />
IDBI Bank Ltd. 0.03 AA+<br />
Indian Retail ABS Trust Series 50 18 Oct 09 0.03 AAA(SO)<br />
Corporate Debt 4.31<br />
Housing Development Finance Corporation Ltd.** 1.91 AAA<br />
TRIL Infopark Ltd.** 0.70 PR1+<br />
CitiFinancial Consumer Finance India Ltd** 0.58 AA+<br />
K Raheja Corporation Private Ltd. ** 0.38<br />
Tata Motors Ltd.** 0.35 P1<br />
Kotak Mahindra Prime Ltd.** 0.14 LAA<br />
<strong>Sun</strong>daram Finance Ltd.** 0.14 AA+<br />
<strong>Sun</strong>daram Finance Ltd.** 0.04 LAA+<br />
ICICI Home Finance Company Ltd.** 0.03 LAAA<br />
<strong>Sun</strong>daram Finance Ltd.** 0.02 P1+<br />
Mahindra & Mahindra Financial Services Ltd.** 0.02 AA+<br />
Bills Discounted 1.39<br />
Standard Chartered Bank 1.39<br />
PSU/PFI Bonds/Banks 1.26<br />
IDBI Bank Ltd.** 1.04 AA+<br />
NABARD** 0.18 AAA<br />
Power Finance Corporation Ltd.** 0.04 AAA<br />
IDFC Ltd.** 0.01 AAA<br />
Government Bond 0.25<br />
6.96 Govt Bond <strong>2009</strong> 0.21 Sovereign<br />
5.87 Govt Bond 2010 0.04 Sovereign<br />
Cash & Current Assets 14.75<br />
Total Net Asset 100.00<br />
** Represents thinly traded/ non traded securities and illiquid securities.Total Percentage <strong>of</strong> thinly/non traded securities is 14.26 %.<br />
AAA<br />
AA<br />
1.39%<br />
0.25%<br />
6.82%<br />
14.75%<br />
76.41%<br />
O<strong>the</strong>r Parameter<br />
Average Maturity : 0.36 Years<br />
Yield to Maturity : 8.40%<br />
(<strong>for</strong> Debt Component)<br />
Standard Deviation : 0.25%<br />
CRISIL~CPR 2^^<br />
<strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong> Liquid Plus - Retail<br />
Debt: Liquid Plus (27 Schemes), 1yr ended 31-Dec-08<br />
#<br />
Value Research Rating<br />
<strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong> Liquid Plus - Institutional Plan<br />
Debt: Liquid Plus Inst (18 Schemes), 18 months & 3 years ended 31-Jan-09<br />
34<br />
Note:<br />
Standard Deviation is calculated on annualised basis using 1 year history <strong>of</strong><br />
monthly returns, source: MFI<br />
@<br />
5-Star Award by ICRA<br />
<strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong> Liquid Plus - Institutional Plan<br />
Open Ended Liquid Plus - Institutional Plan (34 Schemes), 1 year ended 31-Dec-08<br />
(Past per<strong>for</strong>mance is no guarantee <strong>of</strong> future results.) <strong>for</strong> ranking methodology please refer page 47
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