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> Income 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 />
Mid<br />
An open-ended income scheme with <strong>the</strong> objective to generate consistent income through superior yields on its investments at moderate levels<br />
<strong>of</strong> risk through a diversified investment approach.<br />
Investment Per<strong>for</strong>mance<br />
Investment Objective<br />
Rating Pr<strong>of</strong>ile<br />
<strong>Fund</strong> Details<br />
Low<br />
<strong>Fund</strong> Manager : Mr. Maneesh Dangi<br />
Managing <strong>Fund</strong> Since : November 30, 2007<br />
Total Experience : 6 years<br />
Date <strong>of</strong> inception : October 21, 1995<br />
Nature <strong>of</strong> <strong>the</strong> scheme : An open-ended income scheme<br />
Key Features<br />
Default option : Dividend Reinvestment<br />
Fresh Purchase : Rs. 5000/-<br />
Additional Purchase : Rs. 1000/-<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 />
Growth : 40.0221<br />
Dividend : 11.5629<br />
(Payout & Reinvestment)<br />
Benchmark : CRISIL Composite Bond <strong>Fund</strong><br />
Index<br />
Average AUM : Rs. 2419.97 Crores<br />
Load Structure (Incl. <strong>for</strong> SIP)<br />
Entry Load : Nil<br />
Exit Load** : For Purchase / Switch in <strong>of</strong> Units,<br />
upto and including Rs. 10 lacs in<br />
value, an exit load <strong>of</strong> 1.00% is<br />
payable if units are redeemed /<br />
switched out within 365 days from<br />
<strong>the</strong> date <strong>of</strong> allotment.<br />
For Purchase / Switch in <strong>of</strong> Units,<br />
greater than Rs. 10 lacs in value,<br />
an exit load <strong>of</strong> 0.25% is payable if<br />
units are redeemed / switched out<br />
within seven days from <strong>the</strong> date <strong>of</strong><br />
allotment<br />
**Exit / Entry Load is NIL <strong>for</strong> units<br />
issued in Bonus & Dividend<br />
Reinvestment.<br />
O<strong>the</strong>r Parameter<br />
Average Maturity : 10.97 Years<br />
Modified Duration : 7 Years<br />
(<strong>for</strong> Debt Component)<br />
Yield to Maturity : 7.25%<br />
(<strong>for</strong> Debt Component)<br />
Mark to Market : 84%<br />
Standard Deviation : 17.82%<br />
% Returns<br />
16<br />
14<br />
12<br />
10<br />
8<br />
6<br />
4<br />
2<br />
13.71<br />
7.30<br />
11.63<br />
6.37<br />
0<br />
1 Year 3 Years 5 Years Since Inception<br />
<strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong> Income Plus CRISIL Composite 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 />
Government Bond 54.00<br />
8.24 Govt.Stock 2018 24.05 Sovereign<br />
8.33 CGL 2036 6.56 Sovereign<br />
6.05 Govt. Bond 2019 5.88 Sovereign<br />
7.95 CGL 2032 5.24 Sovereign<br />
6.83 Govt.Stock 2039 5.07 Sovereign<br />
7.99 CGL 2017 4.21 Sovereign<br />
6.30 CGL 2023 1.99 Sovereign<br />
7.49 CGL 2017 0.40 Sovereign<br />
8.28 Govt.Stock 2032 0.21 Sovereign<br />
7.46 CGL 2017 0.20 Sovereign<br />
8.15 GOI FCI SB 2022 0.19 Sovereign<br />
PSU/PFI Bonds/Banks 22.75<br />
Indian Railways Finance Corporation Ltd.** 8.71 AAA<br />
NABARD** 6.98 AAA<br />
Power Finance Corporation Ltd.** 4.62 AAA<br />
7.55<br />
4.75<br />
11.01<br />
Sovereign<br />
Cash & Current Assets<br />
Portfolio & Asset Allocation<br />
Issuer % to Net Rating<br />
Assets<br />
Rural Electrification Corporation Ltd.** 2.17 AAA<br />
Export-Import Bank <strong>of</strong> India.** 0.27 AAA<br />
Corporate Debt 7.28<br />
Reliance Industries Ltd.** 3.16 AAA<br />
HDFC Ltd.** 2.71 AAA<br />
Reliance Gas Transportation Infrastructure Ltd.** 1.37 AAA<br />
ILFS Ltd.** 0.04 LAAA(SO)<br />
Money Market Instruments 2.28<br />
UCO Bank 1.75 P1+<br />
Punjab National Bank 0.52 PR1+<br />
Cash & Current Assets 13.69<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 30.03 %.<br />
AAA<br />
13.69%<br />
32.31%<br />
54.00%<br />
CRISIL~CPR 1^^<br />
<strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong> Income Plus<br />
Income Scheme (21 Schemes), 2 Yrs ended 31-Dec-08<br />
CRISIL~CPR 1^^<br />
<strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong> Income Plus<br />
Consistent CPR Per<strong>for</strong>mer-Debt (13 Schemes), 5 Yrs ended 31-Dec-08<br />
36<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> Income Plus<br />
Open Ended Debt - Long Term (21 Schemes), 3 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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