Birla Sun Life MF launches Emerging Leaders Fund-Series 1

The fund intends to target quality companies with growth prospects to help create wealth

April 23, 2014 5:04 IST | India Infoline News Service
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 the Birla Sun Life Emerging Leaders Fund – Series 1, a close-ended Equity Scheme with a tenure of 3 years that invests in equity and equity-related securities of companies in the small and mid-cap segment that have a potential to appreciate in the long run. The primary objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities of such companies.
Speaking on the launch of the scheme, A. Balasubramanian, CEO, Birla Sun Life Asset Management Company Limited said, “The Indian economy is on the road to recovery. We expect steady improvement in macro-stability with a gradual acceleration in GDP growth. Small and Mid-caps which may be volatile in short term, tend to do very well in periods of rising economic growth and may be expected to bounce back strongly over the next 2-3 years. Our NFO thus looks to provide investors a good opportunity to make the most of this growth phase over the 3-year horizon.”
Birla Sun Life Emerging Leaders Fund – Series 1 aims to help investors grow their wealth through the success of select small and mid-cap companies, which are identified after a very thorough, research-oriented portfolio selection process. The corpus of the Scheme will be primarily invested in equity and equity related securities of the companies in the small and midcap segment that have a potential to appreciate in the long run. The endeavor of the Investment Manager will be to pick stocks which could become potential leaders in their respective fields in the future. The investment emphasis of the scheme would be on identifying companies with sound corporate managements and good prospects of future growth. The Fund will select stocks from within the investment universe based on its internal analysis based on the following criteria: visionary and trustworthy management with established track record, significant Business presence in the area of their operations, prospects for future growth and scalability and financial discipline and returns as measured by ratios like Return on Investment (ROI) and Return on Equity (ROE), and Valuations in relations to broad market and expected growth in earnings
The New Fund Offer Period opens on April 25, 2014 and is open till April 30, 2014 with price of units of the scheme at Rs. 10 per unit. The scheme will have Regular plan and Direct plan with a common portfolio and separate NAV’s. Each of the above (Regular and Direct) plan under the scheme will have the following Options: (1) Growth Option and (2) Dividend Option with Payout Facility. The Scheme is benchmarked against S&P BSE Midcap Index and will be managed by Hitesh Zaveri, Senior Fund Manager, Birla Sun Life Asset Management Company. The units offered under the Scheme will be listed on National Stock Exchange Ltd. (NSE) within 5 business days from the date of allotment. Further, units of the scheme may be listed on any other recognized stock exchange/s as may be decided by AMC from time to time, in accordance with SEBI guidelines. As the units will be listed on stock exchange/s, investors/ unit holders can buy / sell units on a continuous basis on the stock exchange/s.

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