Since its inception on August 27, 1998, Aditya Birla Sun Life Flexi Cap Fund has registered over 21 percent compound annual growth rate (CAGR). The value of Rs 10,000 via Systematic Investment Plan (SIP) became Rs 4.87 crore in the last 24 years and an investment of Rs 1 lakh grew to Rs 1.27 crore in 24 years, the fund house said in a statement.
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About the fund
Aditya Birla Sun Life Flexi Cap Fund is an open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks. The objective of the scheme is long term growth of capital, through investment in equity and equity related instruments across market cap (large, mid and small) companies.
The fund has asset under management (AUM) of Rs 17,406.29 crore as on July 31, 2023. The net asset value (NAV) stands at Rs 1,273.83 as on July 31, 2023.
Fund performance
Fund managers
Anil Shah (since October 3, 2012) and Dhaval Joshi (since November 21, 2022) are the fund managers of the scheme. Shah is co-head equity with Aditya Birla Sun Life AMC Limited (ABSLAMC). As a Senior Fund Manager, Anil executes and regularly reviews the investment strategy for equity portfolios.
Joshi, on the other hand, has an overall experience of 15 years in equity research and investments. Prior to joining Aditya Birla Sun Life AMC Limited, he was associated with Sundaram Mutual Fund (India) for around 5 years.
Fund discipline
The scheme allocates at least 65 percent of the net assets to Equity and Equity related Instruments. It invests across various sectors, industries and across stocks in the large, mid and small cap segments. It follows a combination of top-down and bottom-up approach to seek out investable stocks with long-term fundamentals.
It has the flexibility to invest the balance 35 percent in a combination of equity as well as debt and other money market instruments for liquidity purposes
Portfolio holdings
| Stock Invested in | Sector | % of Total Holdings |
| ICICI Bank | Private sector bank | 9.73% |
| HDFC Bank | Private sector bank | 7.99% |
| Infosys | Computers - software & consulting | 5.14% |
| Bharti Airtel | Telecom - cellular & fixed line services | 4.37% |
| Sun Pharmaceutical Industries | Pharmaceuticals | 4.12% |
| HCL Technologies | Computers - software & consulting | 3.80% |
| Apollo Hospitals Enterprises | Hospital | 3.34% |
| Tata Steel | Iron & steel products | 3.18% |
| United Spirits | Breweries & distilleries | 2.89% |
| Axis Bank | Private sector bank | 2.78% |
(Source: Moneycontrol)
First Published: Aug 23, 2023 3:58 PM IST
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