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A Look into Aditya Birla Sun Life Frontline Equity Fund (G)

Equity schemes are taking over mutual funds market, and that can be seen by the consistent growth in the corpus of these schemes. One of the main reason for this increase is the high returns these schemes are providing to their investors. Today, we are going to talk about one such equity schemes from the Aditya Birla Sun Life MF, i.e., Aditya Birla Sun Life Frontline Equity Fund. Let’s have a look at what this scheme has that makes it one of the best equity schemes.

Overview

Aditya Birla Frontline Equity Fund is an open-ended scheme that was launched on Aug 30, 2002, with the objective to provide investors with long-term capital growth with the help of a diversified portfolio. The scheme falls under large-cap category and invests around 83.57% of its investments in large-cap companies. The scheme is currently being managed by Mr. Mahesh Patil. The current NAV of Aditya Birla Frontline Equity Fund is Rs 216.73 (as on Jun 22, 2018) and the assets size it is managing equals Rs 20332 crore (as on May 31, 2018). BSE 200 index was the previous benchmark for the scheme, and it has beaten its benchmark for straight 13 years from 2004 to 2016, becoming one of the best large-cap mutual fund schemes. It is following a new benchmark after May 31, 2018, and the new benchmark is nifty 50. The returns that ABSL Frontline Equity Fund gave in one, three and five years of time are 7.15%, 9.95%, and 17.87%, respectively. The minimum investment you can make in this fund is Rs 1000 for both lump-sum and SIP investments, with a lock-in period of 3 years. It has an expense ratio of 1.11% (as on May 31, 2018) and an exit load of 1%, if you redeem your amount before 365 days.

Sector Allocation & Top Holdings

Aditya Birla Sun Life Frontline Equity Fund invest 96.98% funds in the equity market and 3.01% in cash and debt instruments. The investment percent in large, mid, and small cap companies are 83.57%, 15.94%, and 0.49%, respectively. Now let’s have a look at two tables showing us the top 10 sectors and holding of Aditya Birla Frontline Equity Fund.

 

About the Fund Manager

Manish Patil has been managing this scheme since November 2005. He is an Electrical Engineer and also has a degree in MMS in finance and Chartered Financial Accountant from ICFAI Hyderabad. Before starting to work for Aditya Birla Sun Life Mutual Fund, he has worked for Reliance Infocom Ltd., Motilal Oswal Securities, and Parag Parikh Financial Advisory Services Ltd. Further, he has been managing several other top rated schemes of the AMC which include Aditya Birla Sun Life Frontline Equity Fund, Aditya Birla Sun Life Focused Equity Fund, Aditya Birla Sun Life Equity Hybrid '95 Fund, and Aditya Birla Sun Life Pure Value Fund.

Why Choose Aditya Birla Sun Life Frontline Equity Fund?

The main reason to choose ABSL Frontline Equity Fund is the diversity in the portfolio that it has, giving it great support even when the equity market is low. Being a large-cap scheme, the risk associated with it is comparatively low, and its performance had shown stability even during the volatility in the market. The scheme has provided its investors with great opportunities over time and is expected to perform likely in future. It is a great option for investors who are new to mutual fund market and are looking for investment in large-cap schemes, but it is strongly recommended to consult your financial advisers before reaching a decision.

Read this article to know about Aditya Birla Frontline Equity Fund and that why it is one of the top large-cap schemes.

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