Birla Sun Life Mutual Fund launches Birla Sun Life Manufacturing Equity Fund
An open ended Manufacturing Sector Scheme
NFO Period from January 13 - 27, 2015
- Scheme offers unique investment opportunity to tap growth potential of Indian manufacturing sector
- Scheme aims for diversified portfolio strategy, for secular growth across key manufacturing segments
Mumbai (Jan.13, 2015): Birla Sun Life Asset Management Company Limited, a part of Aditya Birla Financial Services Group (ABFSG), and investment manager for Birla Sun Life Mutual Fund (BSLMF), announced the launch of Birla Sun Life Manufacturing Equity Fund, an open-ended Manufacturing Sector Scheme focused to tap the key potential of the Indian manufacturing story. The New Fund Offer (NFO) opens for subscription from January 13, 2015 to January 27, 2015 with price of units of the scheme at face value of Rs.10 per unit.
Speaking on the Indian manufacturing sector, A. Balasubramanian, CEO, Birla Sun Life Asset Management Company Limited said, “We believe that the manufacturing sector’s contribution to overall GDP will get a significant boost through the Government’s ‘Make in India’ initiative. This will not only make India a high potential manufacturing hub to meet local demand, but also help it support export potential markets. Increased attention towards this sector both from the Government and Central Banker will only help enhance its shareholder value.”
“Birla Sun Life Manufacturing Equity Fund’s endeavour to invest in over 22 sectors across market capitalizations makes this offering a sustainable investment proposition to meet the long term wealth creation needs of the investor,” added A. Balasubramanian.
Birla Sun Life Manufacturing Equity Fund aims to generate long-term capital appreciation by predominantly investing in equity and equity related securities of companies engaged in manufacturing activity. The Scheme aims to maintain a diversified portfolio with a universe covering vast range of sectors focusing on manufacturing, such as automobiles and auto ancillaries, pharmaceuticals, capital goods, consumer goods, chemicals, and textiles among others.
The Scheme may also invest a small portion of its corpus in debt and money market instruments to manage its liquidity requirements. All companies selected will be analyzed taking into account the business fundamentals like nature and stability of business, prospects of future growth and scalability, financial discipline and returns, valuations in relation to broad market and expected growth in earnings, the company's financial strength and track record. The performance of the scheme will be benchmarked to the performance of S&P BSE 500. Birla Sun Life Manufacturing Equity Fund will be managed by Anil Shah.
Birla Sun Life Manufacturing Equity Fundwill have Regular Plan and Direct Plan with a common portfolio and separate NAVs. Each of the above (Regular and Direct) Plan under the Scheme will have the following Options: (1) Growth Option and (2) Dividend Option (Payout / Reinvestment Facility). The Scheme being open ended; the Units are not proposed to be listed on any stock exchange. However, the Fund may at its sole discretion list the Units on one or more stock exchanges at a later date if it is considers this to be necessary in the interest of unit holders of the scheme.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.