Mutual Funds- Fund Analysis – Birla Sunlife Equity Fund

Fund Analysis – Birla Sunlife Equity Fund

 

Fund Manager: Mahesh Patil

Fund Overview:

Birla Sunlife Equity Fund is a diversified equity fund enabling investors to capitalize on the immense growth opportunities provided by the stock markets while at the same time minimizing the risk.

Investment Strategy:

• It follows a multi cap theme & dynamically shifts weightages between large-cap & mid-cap stocks depending on the market outlook.

• It focuses on identifying growing industries / concept stocks.

• Significant portion of the scheme is being invested in sectors with high growth prospects.

• It takes medium term bets on certain sectoral trends to ride on the growth momentum.

Current Outlook:

• The fund manager is positive on the domestic consumption theme.

• He has reduced exposure from Real estate, Construction, Brokerage Companies and PSU Banks while he has increased the exposure to FMCG and Auto companies.

• He is also positive on sectors like Media, Telecom, Power equipments and Ferrous metals.

• The fund manager expects the equity markets to remain volatile.

• He has increased cash levels to 16.2% in February'08 as compared to 13.89% in January'08 to maximize on any investment opportunity available in the markets.

Features of the Scheme:

• Options available: Growth and Dividend (Payout and Reinvestment)

• Minimum Investment amount: Rs. 5,000 and in multiples of Rs. 1

• Entry Load: 2.25% for < Rs. 5 Cr.

• Exit Load: For Amount < Rs 5 Cr & redeemed before 6 months then Exit Load is 0.50%

• Benchmark Index: BSE 200.

           

Portfolio

No	Name of the company sort	Sector sort	P/E Ratio	% of total Assets sort
1	Aban Loyd Chiles Offshore Ltd	Diversify-Med/Sm	0	0.67
2	Aditya Birla Nuvo Ltd	Diversify-Mega	0	1.51
3	AIA Engineering Ltd	Miscellaneous	0	0.98
4	Allsec Technologies Ltd	Computer-SW-M/S	0	0.09
5	Andhra Bank	Banks-Pub Sector	0	1.39
6	Ansal Properties & Infrastructure Ltd	Construction	0	1.04
7	Balaji Telefilms Ltd	Entertainment Content Provider	0	1.66
8	Bank of Baroda	Banks-Pub Sector	0	1.33
9	Bank of India	Banks-Pub Sector	0	1.3
10	Bharat Bijlee Ltd	Electric Equip	0	1.56
11	Bharat Heavy Electricals Ltd	Electric Equip	0	3.18
12	Bharti Airtel Ltd	Telecom - Services	0	2.91
13	Bombay Dyeing & Manufacturing Company Ltd	Text-Composite	0	1.49
14	Central Bank of India	Banks-Pub Sector	0	0.86
15	CESC Ltd	Power Generation	0	1.59
16	Crompton Greaves Ltd	Electric Equip	0	3.11
17	Debt	DEBT	0	20.27
18	Gammon India Ltd	Construction	0	1
19	Gas Authority Of India Ltd	Gas	0	1.04
20	GVK Power & Infrastructure Ltd	Power Generation	0	1.95
21	HDFC Bank Ltd	Banks-Pvt Sector	0	1.1
22	Housing Development & Infrastructure Ltd	Construction Housing Mid Small	0	0.68
23	Housing Development Finance Corporation Ltd	Finance-Housing	0	1.77
24	ICICI Bank Ltd	Banks-Pvt Sector	0	1.96
25	India Infoline Ltd	Miscellaneous	0	1.17
26	Indian Bank	Banks-Pub Sector	0	1.37
27	Infosys Technologies Ltd	Computer-SW-Larg	0	1.06
28	ITC Ltd	Cigarettes	0	2.42
29	IVRCL Infrastructures & Projects Ltd	Construction	0	1.62
30	Jagran Prakashan Ltd	Print & Stnary	0	0.64
31	JAIPRAKASH ASSOCIATES LTD	Construction	0	1.35
32	Jindal Steel & Power Ltd	Steel -Spong Iro	0	1.82
33	K E C Infrastructure Ltd	TranLineTow/Eqpt	0	1.75
34	Kotak Mahindra Bank Ltd	Finance	0	1.3
35	Lanco Infratech Ltd	Engineering	0	0.69
36	Maestro Mediline Systems Ltd	Finance	0	0.01
37	Mahindra Lifespace Developers Ltd	Construction	0	0.95
38	Megasoft Ltd	Computer-SW-M/S	0	1.32
39	Nagarjuna Construction Company Ltd	Construction	0	0.9
40	Oil & Natural Gas Corpn Ltd	Oil Drill/Allied	0	2.61
41	Oriental Bank of Commerce	Banks-Pub Sector	0	1.2
42	Pantaloon Retail (India) Ltd	Textiles Products	0	1.97
43	Punj Lloyd Ltd	Construction	0	0.51
44	Reliance Communications Ltd	Telecom - Equipment	0	3.94
45	Reliance Industries Ltd	Diversify-Mega	0	5.01
46	Satyam Computer Services Ltd	Computer-SW-Larg	0	0.81
47	Siemens Ltd	Electronic-Comp.	0	0.61
48	Tata Power Company Ltd	Power Generation	0	0.51
49	Tata Steel Ltd	Steel - Large	0	1.46
50	Thermax Ltd	Engineering	0	1.54
51	UN LISTED	Un Listed Scripts	0	0
52	United Breweries Holdings Ltd	Breweries & Dist	0	3.35
53	United Spirits Ltd	Breweries & Dist	0	0.77
54	Wockhardt Ltd	Pharm-Ind-BD&For	0	0.91
55	Zee Entertainment Enterprises Ltd	Entertainment Content Provider	0	1.58
Total:				100

 

Performance of the Fund

		Returns (%)
Scheme Name	NAV	6 Months	1 Year	2 Years	Since Inception
Birla SunLife Equity Fund	211.95	-10.63	21.74	18.46	37.50
Indices
BSE 200		-6.54	25.22	18.80
Schemes Performance is for the growth option, which is as of 27th March 2008; Returns less than a year are absolute and more than a year are annualized.