FUND FACTS
Offer open: Till 15 January 2008
Scheme type: Open-ended equity diversified
Minimum investment: Rs 5,000 and multiples of Re 1 thereafter; unit price: Rs 10
Loads: Entry load: 2.25%, Exit load: 0.5% (if exited within six months)
Options: Growth and dividend (reinvestment, payout & sweep)
Investor grievances: Rekha Naidu. Tel: (022) 66928111. E-mail: rekhanaidu@birlasunlife.com
FUND STATS
Objective: To generate long-term growth of capital by taking advantage of special situations and contrarian investment styles.
Benchmark: BSE 200
Fund manager: A Balasubramanian
Asset allocation: 80-100% equity and equity linked | 0-20% debt and cash
Comparable existing scheme:| Fund Name | NAV* (Rs) | 6-month return (%) | 1-year return (%) |
| Fidelity India Special Situations Fund | 17.46 | 28.42 | 41.59 |
| *NAV as on December 19. Source: NAVIndia | |||
FUND PROGNOSIS
Idea distiller: The markets are at all-time highs and possibilities for identifying profitable buys at this juncture are not easy unless one dares to think differently. The scheme allows its fund manager such opportunity.
Fund house report: Birla Sun Life asset management has over 77 schemes across various themes and manages assets worth Rs 34,816.56 crore.
Track record: Returns profile: 5/5 | Risk Profile: 4/5
Fund manager report: Performance of fund manager
Returns profile: 3/5 | Risk profile: 4/5
Scheme DNA:
| Four fundamentals of the fund scheme | Unique idea | Return possibilty | Risk | Operability/Complexity |
| Low/Medium/High | High | High | High | High |
INVESTOR TAKEAWAYS
WHO SHOULD APPLY: Not for the first-time fund investor but for those looking to de-risk their portfolio which is already well diversified. Though this kind of investment mandate has not been fully tested in India, such a fund can add a lot of value without adding too much to the portfolio risk.
REMEMBER: The fund manager has been co-managing a fund—Birla Asset Allocation, but had not yet been given independent charge of managing a fund, till now. The fund manager falls a little short of the desired exposure. For a fund like this, it is quite possible to lag its peers, so investors must be prepared to give their investments adequate time.
