Investment Objective

Aditya Birla Sun Life Equity Savings Fund uses a unique combination of equity derivative strategies, arbitrage opportunities, pure equity investments, debt & money market instruments which together intends to deliver Tax Efficient Growth with Low Volatility.

This product is suitable for investors who are seeking

long term capital growth
investments in equity and equity related securities in the domestic market (65 to 75%) and in international markets (25 to 35%)

Product Videos: Know Your Fund

Value Added Products:

SIP

Systematic Investment Plan - Available Online & Offline for Direct & Regular investors to iron out intermittent market volatility and enable long term savings

Salient features of SIP:

Step-up SIP – This facility lets investors enhance the SIP amount during regular intervals. This allows you to make the most out of your SIP investments by increasing your contributions towards those schemes that are performing well. Additionally, you can also increase your investment amount when there is a hike in your pay.

Multi Scheme SIP Facility - The Facility enables investors to subscribe under various Schemes through SIP using a single application form and payment instruction.

STP

Systematic Transfer Plan (STP) allows investors to save in both asset classes by transfering a fixed amount from one scheme and invest in another scheme

Investors have the option of:

Daily Systematic Transfer Plan
Weekly Systematic Transfer Plan
Monthly Systematic Transfer Plan
Quarterly Systematic Transfer Plan

Minimum Balance in the scheme at the time of enrollment for STP facility:

Daily Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.10,000/-
Weekly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.6000
Monthly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.6000
Quarterly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.8000

Minimum Transfer Amount

For STP installments greater than Rs.500 but less than Rs.999, Investors are required to instruct for minimum 12 transfers of Rs.500 and in multiples of Re. 1thereafter. For STP installments of Rs.1000 and above, Investors are required to instruct for minimum 6 transfers of Rs.1000 and in multiples of Re. 1 thereafter.

SWP

Systematic Withdrawal Plan allows investors to withdraw a fixed amount of money from their mutual fund to build sustainable income streams while saving on Tax also

Investors have the option of:

Fixed Withdrawal - which allows investors of the Growth Plan to withdraw a fixed amount at regular intervals. Investors can withdraw fixed amount of Rs1,000/- each and above at regular intervals.

Appreciation Withdrawal - which allows investors of Growth Plan to withdraw the appreciation amount at regular intervals. Investors can withdraw appreciation of Rs1,000/- and above at regular intervals.

Withdrawal Frequency:

For Fixed Withdrawal Option: Investors can withdraw fixed amount on 1 or 7 or 10 or 14 or 20 or 21 or 28 of month/quarter/Half yearly and Annually for minimum 6 months/ 4 quarter/2 half years and 1 year. For Appreciation Withdrawal Option: Investors can withdraw appreciation on the 1 of each month/quarter for minimum 6 months/ 4 quarter.

CATP

Capital Appreciation Transfer Plan (CATP) allows investors to preserve their capital and transfer only capital appreciation to another asset class / scheme at regular intervals

Fund Details

Fund Type - Open-Ended
Class - Equity
Category - Balanced Advantage
Min Investment - Rs. 1000/-

Fund Manager - Mr. Lovelish Solanki & Mr. Satyabrata Mohanty & Mr. Pranay Sinha
Latest NAV - 14.12 (as on 22-Jan-2020)
Inception Date - Nov 28, 2014

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Fund Performance

Graphical Data

Trailing Return

Funds are bucketed on various parameters with respect to other funds in their category.
*Annualized returns are displayed for 1 year and above.

Annualized Returns

Annual Quarterly Monthly Weekly

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Fund Management

Mr. Lovelish Solanki

Total Experience :

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Lovelish Solanki is a Fund Manager at Aditya Birla Sun Life AMC Limited (ABSLAMC). He comes with an experience of over a decade in fund management and research, both in Equity and Debt. He has been a part of ABSLAMC since October 2014.

He was earlier associated with Union KBC Asset Management Co Limited for 4 years, as trader for the Equity and FNO Segment, while also managing the Options part of Capital protection Funds and other Close ended Schemes. Prior to Union KBC Asset Management Co Limited, he was also associated with Edelweiss Asset Management Co. Ltd for 3 years, responsible for the execution and management of Arbitrage Funds.

Lovelish has a Master’s degree in Management Studies from Mumbai University with a specialisation in Finance. He is also a level 1 certified Chartered Market Technician (CMT) – 2012.
Mr. Satyabrata Mohanty

Total Experience : 17 years

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Mr. Satyabrata Mohanty is a CA, CFA. He has been part of Birla group since last 17 years. He has over 12 years of experience in Finance and Research. He has handled responsibilities across Fund Management (Equity & Debt), Trading and Credit Research functions. Prior to joining ABSLAMC, he has worked with Aditya Birla Management Corporation Ltd & joined ABG as a management Trainee.
Mr. Pranay Sinha

Total Experience : 13 years

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Pranay Sinha is a Fund Manager with Aditya Birla Sun Life AMC Limited (ABSLAMC). Pranay has an overall experience of close to 13 years, with over a decade in fund management and trading in Indian Rates markets. He also has experience in currency trading.

Prior to joining ABSLAMC in 2014, Pranay has worked with BNP Paribas Bank, Morgan Stanley Investment Management Private Limited and ICICI Prudential Asset Management Company Limited.

Pranay has done his MBA from IIM Kolkata and holds a B.Tech degree in Aerospace Engineering from IIT Kharagpur.

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Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.

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Your Investment Summary

Investment AmountRs 5000
Initial units per month 29.5
Current valueRs 50,000
Current NAV value 260
Current Units 30
XIRR

Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.

5.10%
Benchmark XIRR

Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.

8%

Portfolio and Sector Holdings

Top 10 Holdings (As on 31.12.2019)

Issuer	% to Net Assets

Top 10 Sector Holdings Chart

Portfolio Holding

Issuer	% to Net Assets

Fund Summary

Entry Load

Exit Load

Load Comments

N.A.

For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/switch out of units after 365 days from the date of allotment: Nil.

Exit Load of 1% for redemption/switch out of units after 365 days from the date of allotment: Nil.

Highlights

Long term capital growth and income
An open ended equity scheme investing in equity and equity related securities including the use of equity derivatives strategies and arbitrage opportunities with balance exposure in debt and money market instruments

Helping you seize the right window of opportunity.

Presenting, Aditya Birla Sun Life Equity Savings Fund (An Open ended Equity Scheme) – a unique investment opportunity that aims to provide capital appreciation and income distribution by using a combination of equity derivatives strategies, arbitrage opportunities and pure equity investments. This provides a greater degree of diversification than investing in a single asset class. This scheme also provides the tax efficiency of an equity fund i.e. the income becomes tax-free if the holding period is more than one year.

Highlights

Tax efficiency
Lower volatility
Diversified strategy

Investment objective

To provide capital appreciation and income distribution to the investors by using a blend of equity derivatives strategies, arbitrage opportunities and pure equity investments. The scheme does not guarantee/indicate any returns. There is no assurance that the schemes' objectives will be met.

Key features of Aditya Birla Sun Life Equity Savings Fund

Low volatility – Enjoys low volatility and risk compared to other equity funds due to limited exposure to directional equity

Arbitrage opportunities – A part of portfolio will be managed using the arbitrage strategy by taking advantage of price differentials prevailing in equity market.

Tax efficiency – With an asset allocation mix comprising of spot equity, arbitrage and fixed income, tax treatment is similar to that of equity funds

Diversified strategy – An efficient mix of 3 strategies helps reduce volatility while providing opportunities to participate in the market upside while restricting the downside.

What is arbitrage opportunity?

An Arbitrage opportunity arises when there is a price differential or mispricing prevailing for stocks/index in different markets segments (cash & futures) due to market inefficiencies. It can be used to one's advantage by buying stock/index from the market where the price is lower and selling it in the market where the price is higher and vice-versa. Let us understand this with the help of an illustration –

For example, Company XYZ's stock trades at ` 100 per share in cash market and the same is trading at ` 105 in futures market. An arbitrageur would purchase the stock for ` 100 in cash market and sell it for ` 105 in future market, making the difference of ` 5 per share as profit.

This is assuming the cost to be zero. In practice there is a cost of executing the arbitrage transaction (in this case, it's the STT and the brokerage charges) – The above is only for the purpose of illustration.

Birla Sun Life Equity Savings Fund

Tax efficiency

Particulars	Non Equity Taxation	Equity Taxation
Investment Amount	10,000	10,000
Assumed pre-tax annualised returns	9.00%	9.00%
Interest earned after 1 year	900	900
Amount withdrawable after 1 year	10,900	10,900
Taxable Income / Gains	900	900
Applicable Tax Rate*	33.99%	0%
Tax Liability	305.91	0
Post Tax Gains	594.09	900
Post Tax Annualised Yield	5.94%	9.00%

Given the tax advantage, Aditya Birla Sun Life Equity Savings Fund can generate potentially higher post tax returns as compared to non equity investments.

*Higher tax bracket assumed for Applicable Tax Rate in respective investment categories (Equity & non Equity) investors are advised to consult their tax advisor in view of individual nature of tax benefits.

Get the latest NAV on SMS, send NAV <51> as an SMS to 56161. Premium SMS charges apply.

Discipline

The scheme targets to maintain sector exposure within a certain range of the sectoral weight in the benchmark index i.e. 30% S&P BSE 200 TRI + 30% Crisil Short Term Bond Fund Index + 40% Nifty 50 Arbitrage Index, in order to maintain diversification and avoid excessive concentration in a single sector. This discipline also reduces overdependence on a particular industry, aiming to give stability to your portfolio.

Aditya Birla Sun Life Equity Savings Fund

(An open ended scheme investing in equity, arbitrage and debt)

This product is suitable for investors who are seeking

long term capital growth
investments in equity and equity related securities in the domestic market (65 to 75%) and in international markets (25 to 35%)
Investors should consult their financial advisers if in doubt about whether the product is suitable for them.