BIRLA SUN LIFE INDIA REFORMS FUND

MUTUAL FUND: An Open Ended Diversified Equity Fund (Mutual Fund)




Investment Theme:
o New Fund would seek to invest in companies that are expected to benefit from the government reforms program.
o These companies would encompass, but not be limited to, engineering, real estate & construction, power, telecom, infrastructure, financial services, Fertilizers, agrochemicals, irrigation, education and select commodity sectors.
o Investments will be pursued in selected sectors based on the Investment team's analysis of business cycles, regulatory reforms, competitive advantage etc.
o Focus on the fundamentals of the business, the industry structure, the quality of management, sensitivity to economic factors, the financial strength of the company and the key earnings drivers.
o The scheme will invest across sectors without any market cap or sectoral bias.
o The scheme shall also undertake Securities lending and Borrowing within the framework as permitted by SEBI.
Recommendation:o ‘Birla Sun Life India Reforms fund’ is a thematic fund and the fund manager has assumed that the existing Diversified Equity Funds has not been taking benefit from the reform.
o The choice of stocks would be limited if fund Focus on the fundamentals of the business, the industry structure, the quality of management, sensitivity to economic factors, the financial strength of the company.
o We may expect overlap of portfolios between this new fund and other existing diversified equity funds.
o It is better to invest in existing good performer Mutual Funds in the current market. We may wait for this new fund to build a track record first.
FUND BRIEF:FACE VALUE: Rs. 10
FUND PLAN: Plan: Regular. SIP available. Option: Growth/ Dividend
FUND OPTION: Growth and Dividend. (Dividend-Payout/ Reinvestment)
RECURRING EXPENSES: 2.5% P.A. of Weekly Average Net Asset
MINIMUM INVESTMENT: Regular: Rs 5,000. SIP monthly: Rs 1000 for 6 months.

ASSETS ALLOCATION:
Type Standard Min-Max
Equity and Related: 65%-100%
Debt/ Money Market etc: 0%-35%

LOAD:
Entry Load: NIL
Exit Load: For Regular Plan: 1% of fund value below 1 Year
For SIP: 1% of fund value below 2 Year