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Mutual Funds have been popular even since their inception, and the reason behind this popularity is that they are flexible investments that have a moderate risk and promise substantial returns. It is important to note however, that mutual funds may be subject to stock market risks if you invest in certain type of funds.
Aditya Birla Sun Life Frontline Equity Fund is a fund that invests in large cap equity. The fund’s primary objective is long-term gain, and this is achieved by investing in diverse sectors. The investment is 100% equity, which causes some to believe that it is a risky investment. However, the overall performance of the fund for the 16 years of existence so far has been good. Moreover, since the fund invests for the most part in large cap equities, it is a relatively safe investment.
Aditya Birla Sun Life Frontline Equity Fund
Aditya Birla Sun Life Frontline Equity Fund was created with the objective of providing high long-term gains to investors. It has one of the largest AUMs among large cap mutual funds. The average rolling returns for a 3-year period is approximately 10% while for a 5-year period it is 15%.
Aditya Birla Sun Life Frontline Equity Fund requires a minimum initial investment of INR 1000.
Aditya Birla Sun Life Frontline Equity Fund has shown exemplary performance over the years. The reason for this is a cautious investment in large cap equity in line with the Nifty 50 benchmark.
Earning the pride of being the biggest large cap AUM in October 2018, the Aditya Birla Sun Life Frontline Equity Fund is suitable for investors seeking long-term capital appreciation.
The most attractive features of the fund include –
The latest NAV as of February 1, 2019, was 212.24. There has been a positive rise in the returns of the fund from August 2002, when the fund came into existence, to January 2019. Given below is a table that shows the rise of the fund since 2003 until date.
Apart from its steady growth, Birla Sun Life Equity Fund has exceeded its benchmark of S&P BSE 200 in 2017.
The following table shows the annualised returns of Birla Sun Life Equity Fund and S&P BSE 200
The statistics show that the fund has the capacity to withstand market volatility and recover quickly after a fall.
Aditya Birla Sun Life Frontline Equity Fund invests its assets in large-cap equity across multiple sectors and industries. The scheme does not attach any entry or exit load except in cases where redemption is requested within a year of entry in, which case, an exit load of 1% is applicable.
The fund is an open-ended scheme, which means investors can invest as and when they have the funds. Available under both Direct as well as Regular plans the fund has certain Value-Added Products (VAP) and Value-Added Services (VAS) that are attractive and lucrative for investors –
CSIP (Century Systematic Investment Plan)
Birla Sun Life offers CSIP as an additional product under the Birla Sun Life Frontline Equity Mutual Fund. Under this option, the investor gets a free life insurance policy in addition to the fund value.
SIP (Systematic Investment Plan)
The SIP variant offers investors the flexibility of investing a fixed amount every year thereby gradually increasing their AUM and opening up opportunities for better overall returns.
STP (Systematic Transfer Plan)
This variant allows investors to transfer a fixed amount at regular intervals from equity to debt and vice versa, thereby reaping the benefits of both.
SWP (Systematic Withdrawal Plan)
Under this option, investors may withdraw a fixed amount each year to avail tax benefits. The amount withdrawn can be used to build their investment fund through other channels.
CATP (Capital Appreciation Transfer Plan)
This variant offers investors the option to transfer any amount over and above the original capital investment to other asset classes or other schemes offered by Birla Sun Life.
Investing in Birla Sun Life Frontline Equity Mutual Fund can be made directly with the AMC under the direct plan or through third parties under the Regular plan. The scheme is open-ended and investors are free to choose the systematic investment option or invest periodically at their will.
The procedure for application is simple – fill out the application form. You can do this either online or by visiting the offices of the AMC or third parties. KYC documents must be submitted with each new application.
The minimum investment required at entry is Rs. 1000.
Full KYC documentation such as copies of Aadhar and PAN card are required with each new application for investment. Applications may be submitted either directly to the AMC – direct plan which requires no brokerage or commission, or through third parties such as agents, NBFCs and others – Regular plan – in which case third-party commissions will have to be paid.
1) Who is eligible to apply for Aditya Birla Sun Life Frontline Equity Fund?
All Indian residents above 18 years of age can apply for the Aditya Birla Sun Life Frontline Equity Fund. Minors who wishes to invest in Mutual Funds may do so by appointing a guardian – usually the parents – to transact on their behalf.
2) How much dividend will I receive on the fund?
The amount of dividend you receive depends on the overall performance of the fund and the amount of capital invested by you. It also depends on the variants opted at the time of entry.
3) How will I know if the fund is performing well?
You can track the performance of your Birla Sun Life Equity Fund by visiting the fund website and checking the NAV from time to time. You will also receive periodic updates in the form of Mutual Fund statements via email.
4) How will I know when dividends are declared?
Your mutual fund statement will reflect the date and amount of dividend declared under the fund. You can also visit the website of the fund to ascertain the amount of dividend declared.
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