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> Tax Relief ‘96<br />
An open - ended Equity Linked Savings Scheme (ELSS) with a lock-in <strong>of</strong> 3 years<br />
As on January 30, <strong>2009</strong><br />
Investment Style Box<br />
Investment Style<br />
Value Blend Growth Size<br />
<strong>Fund</strong> Details<br />
Large<br />
Mid<br />
Small<br />
<strong>Fund</strong> Manager : Mr. Ajay Garg<br />
Managing <strong>Fund</strong> Since : October 01,2006<br />
Total Experience : 15 years<br />
Date <strong>of</strong> inception : March 29, 1996<br />
Nature <strong>of</strong> <strong>the</strong> scheme : An Open - ended ELSS Scheme<br />
Key Features<br />
Default option : Dividend Payout<br />
Fresh Purchase : Rs. 500/-<br />
Additional Purchase : Rs. 500/-<br />
Redemption Cheques : Within 10 working days<br />
issued<br />
Systematic Investment : Available<br />
Plan (SIP)<br />
Systematic Withdrawal : Not Available<br />
Plan (SWP)<br />
Systematic Transfer : Not Available<br />
Plan (STP)<br />
Plans / Options & NAV<br />
Dividend : 43.10<br />
(Payout, Reinvestment & Sweep)<br />
Growth (w.e.f. 06/03/08) : 5.07<br />
Benchmark : BSE 200<br />
Average AUM : Rs. 429.92 Crores<br />
Load Structure (Incl <strong>for</strong> SIP)<br />
Entry Load* : < Rs. 5 crores - 2.25%<br />
Rs. 5 crores - Nil<br />
Exit Load : Nil<br />
*For direct application: Entry Load is<br />
Nil.<br />
O<strong>the</strong>r Parameter<br />
Standard Deviation : 36.00%<br />
Sharpe Ratio ##<br />
: -0.30<br />
Beta : 1.02<br />
Annual Portfolio<br />
Turnover ratio : 0.85<br />
Note:<br />
Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using<br />
3 years history <strong>of</strong> monthly 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 />
An open-ended equity linked savings scheme (ELSS) with <strong>the</strong> objective <strong>of</strong> long term growth <strong>of</strong> capital through a portfolio with a target<br />
allocation <strong>of</strong> 80% equity, 20% debt and money market securities<br />
% Returns<br />
40<br />
30<br />
20<br />
10<br />
0<br />
-10<br />
-20<br />
-30<br />
-40<br />
-50<br />
-60<br />
-70<br />
-58.13<br />
SIP is a powerful tool that can help you create wealth over time. If you had invested in <strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong> Tax Reiief ‘96...<br />
Investment Period<br />
1 Year 3 Years<br />
-50.36<br />
Total Investment<br />
(Rs.)<br />
Issuer<br />
% to Net<br />
Assets<br />
Banks 15.60<br />
State Bank <strong>of</strong> India 5.22<br />
HDFC Bank Ltd. 2.86<br />
ICICI Bank Ltd. 2.57<br />
ING Vysya Bank Ltd. 2.29<br />
Axis Bank Ltd. 1.78<br />
Kotak Mahindra Bank Ltd. 0.88<br />
Finance 9.96<br />
HDFC Ltd. 4.11<br />
ICRA Ltd. 3.53<br />
United Breweries Holdings Ltd. 1.24<br />
India Infoline Ltd. 1.08<br />
Industrial Capital Goods 9.29<br />
Bharat Heavy Electricals Ltd. 4.35<br />
Honeywell Automation India Ltd. 2.22<br />
Crompton Greaves Ltd. 1.48<br />
Bharat Bijlee Ltd. 0.66<br />
Siemens Ltd. 0.58<br />
Petroleum Products 9.01<br />
Reliance Industries Ltd. 9.01<br />
Construction Project 5.39<br />
Larsen & Toubro Ltd. 5.39<br />
-6.03<br />
Investment Objective<br />
Investment Per<strong>for</strong>mance<br />
-4.00<br />
<strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong> Tax Relief ‘96 - Dividend BSE 200<br />
Systematic Investment Plan (SIP)<br />
Value (Rs.) <strong>of</strong> SIP in Returns (%)*<br />
<strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong><br />
BSE 200 BSE 200<br />
Tax Relief ‘96<br />
Date <strong>of</strong> First Installment : April 01, 1996<br />
The data assumes <strong>the</strong> investment <strong>of</strong> Rs.1,000/- on 1st day <strong>of</strong> every month or <strong>the</strong> subsequent working day. Load and Taxes are not considered <strong>for</strong> computation <strong>of</strong><br />
returns. Past per<strong>for</strong>mance may or may not be sustained in future.<br />
*CAGR Returns are computed after accounting <strong>for</strong> <strong>the</strong> cash flow by using <strong>the</strong> XIRR method (investment internal rate <strong>of</strong> return)<br />
Portfolio & Asset Allocation<br />
Issuer<br />
% to Net<br />
Assets<br />
Power 4.47<br />
Reliance Infrastructure Ltd. 3.60<br />
GVK Power & Infrastructure Ltd. 0.87<br />
Telecom-Services 4.43<br />
Bharti Airtel Ltd. 4.43<br />
Auto Ancillaries 4.11<br />
Bosch Ltd. 3.34<br />
MRF Ltd. 0.77<br />
Ferrous Metals 2.90<br />
Jindal Steel & Power Ltd. 2.37<br />
Tata Steel Ltd. 0.53<br />
Auto 2.69<br />
Maruti Suzuki India Ltd. 2.00<br />
Mahindra & Mahindra Ltd. 0.69<br />
Pesticides 2.52<br />
United Phosphorus Ltd. 2.31<br />
Rallis India Ltd. 0.20<br />
Consumer Non Durables 2.38<br />
Shaw Wallace & Company Ltd. 1.22<br />
Radico Khaitan Ltd. 1.16<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 />
Returns assume reinvestment <strong>of</strong> <strong>the</strong> tax free dividend declared.<br />
Issuer<br />
<strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong> Tax<br />
Relief ‘96<br />
Since Inception 154000 324116 881281 10.95 24.75<br />
Last 5 years 60000 56707 53383 -2.22 -4.58<br />
Last 3 years 36000 24640 23016 -23.12 -26.98<br />
Last 1 year 12000 8210 7931 -52.64 -55.97<br />
7.96<br />
28.17<br />
8.64 9.49<br />
5 Years Since Inception<br />
% to Net<br />
Assets<br />
S<strong>of</strong>tware 2.33<br />
Infosys Technologies Ltd. 1.73<br />
Tata Consultancy Services Ltd. 0.61<br />
Hotels 2.09<br />
Asian Hotels Ltd. 1.27<br />
Taj GVK Hotels & Resorts Ltd. 0.81<br />
Industrial Products 1.93<br />
Cummins India Ltd. 1.93<br />
Transportation 1.22<br />
Jet Airways (India) Ltd. 1.22<br />
Media & Entertainment 1.15<br />
Television Eighteen India Ltd. 1.15<br />
Magnasound India Ltd.** 0.00<br />
Trading 0.38<br />
Uniphos Enterprises Ltd. 0.38<br />
Cash & Cash Equivalents 16.90<br />
Net receivables / payables 1.26<br />
Total Net Asset 100.00<br />
** Represents thinly traded/ non traded securities. Total percentage <strong>of</strong> thinly/non traded securities is 0%.<br />
Ranked 3rd among Top Per<strong>for</strong>ming Equity<br />
&<br />
<strong>Fund</strong>s in <strong>the</strong> world by Lipper<br />
<strong>Birla</strong> <strong>Sun</strong> <strong>Life</strong> Tax Relief ‘96<br />
Equity <strong>Fund</strong>s (6302 funds), 10 Yrs ended 31-Dec-07<br />
(Past per<strong>for</strong>mance is no guarantee <strong>of</strong> future results.) <strong>for</strong> ranking methodology please refer page 47<br />
07
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