Fundcard

Aditya Birla Sun Life Frontline Equity Fund

Value Research Fund Rating as on May 31, 2019

Open-ended and Equity: Large Cap

Risk Grade – Below Average

Return Grade – Above Average

NAV – Rs. 228.35 as on Jun 10, 2019

Net Assets – Rs. 22001.9 crore as on May 31, 2019

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Aditya Birla Sun Life Frontline Equity Fund
Rating: Fund Performance Vs S&P BSE Sensex 50 TRI
Risk: Below Average
Return: Above Average

Fund
S&P BSE Sensex 50 TRI
(Rebased to 10,000)

History 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
NAV (Rs) 79.78 94.70 72.99 99.32 108.51 157.04 158.77 170.56 222.71 216.24 228.35
Total Return (%) 90.45 18.70 -22.93 36.07 9.25 44.72 1.10 7.43 30.58 -2.89 5.60
+/- S&P BSE Sensex 50 TRI 3.12 -0.79 0.73 6.38 0.85 11.28 3.63 2.81 -1.38 -7.92 -4.08
+/- S&P BSE Sensex 9.42 1.27 1.71 10.53 0.27 14.83 6.13 5.48 2.67 -8.76 -4.70
Rank (Fund/Category) 19/91 37/80 32/86 4/93 12/73 95/145 28/121 21/155 29/83 64/91 82/100
52 Week High (Rs) 79.78 97.94 95.16 99.59 108.51 160.72 171.87 186.96 222.71 231.20 -
52 Week Low (Rs) 36.44 74.37 71.96 72.94 88.64 102.92 150.54 139.67 170.82 199.24 -
Net Assets (Rs.Cr) 1603.81 2719.84 2805.93 2935.67 3585.79 7377.56 10174.85 13962.29 19950.81 20290.39 21082.26
Expense Ratio (%) 2.09 1.88 1.85 1.86 2.48 2.21 2.16 2.07 1.96 1.99 -

Top Holdings Quarterly Returns (%)

Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

HDFC Bank Financial 31.70 15.08 10.49 2019 4.85 - - - -

ICICI Bank Financial 80.00 15.53 7.93 2018 -6.07 2.28 -0.85 1.93 -2.89
Infosys Technology 21.70 14.21 5.12 2017 13.22 4.34 3.45 6.85 30.58
ITC FMCG 27.10 -0.73 4.48 2016 -2.09 8.94 6.94 -5.82 7.43
HDFC Financial 39.50 11.50 4.29 2015 4.26 -0.30 -2.86 0.13 1.10
State Bank of India Financial 353.60 16.15 4.29
Reliance Industries Energy 23.70 17.64 3.88 Trailing Returns (%)
Larsen & Toubro Construction 31.80 6.51 3.49 Return Rank S&P BSE SIP
Sensex 50
Indusind Bank Financial 28.30 -3.05 2.41 Fund Category Fund/Cat TRI Return
Axis Bank Financial 45.00 31.36 2.30 Year-to-Date 5.60 7.73 82/100 9.68 -
NTPC Energy 11.40 -9.22 2.29 3-Month 5.98 6.68 77/104 8.29 0.64
HCL Technologies Technology 17.90 13.43 2.26 6-Month 9.96 12.15 81/98 13.73 15.68
Kotak Mahindra Bank Financial 59.30 19.76 2.05 1-Year 5.05 8.53 77/92 11.51 9.18
Mahindra & Mahindra Automobile 16.70 -19.48 1.93 2-Year 6.23 9.84 71/85 12.81 5.39
Tech Mahindra Technology 16.50 6.42 1.78 3-Year 11.24 13.37 66/78 15.38 7.66
Hindustan Unilever FMCG 65.70 1.72 1.57 5-Year 10.58 10.14 18/63 11.19 9.22
Tata Steel Metals 5.50 -6.74 1.46 7-Year 16.04 14.05 8/58 14.91 12.57
Dr. Reddy's Lab Healthcare 33.60 0.42 1.45 10-Year 13.27 10.95 5/41 11.86 12.78
ACC Construction 18.80 5.62 1.44 Return less than 1-year are absolute and over 1 year are annualised
Bajaj Finance Financial 52.30 33.31 1.39
Zee Entertainment Services 19.70 -29.43 1.39 Top 10 Sector Weights (%) Risk Analysis
Maruti Suzuki India Automobile 28.00 -6.73 1.33 Volatility Measurements
Fund S&P BSE Sen
50 TRI
Crompton Greaves Cons Durable 37.50 6.57 1.31
Financial 41.99 - Standard Deviation 12.13
Grasim Industries Construction 111.50 6.63 1.27
Sanofi India Healthcare 32.10 -14.61 1.20 Energy 11.08 - Sharpe Ratio 0.47
Technology 9.20 - Beta 0.90
FUND STYLE FMCG 8.84 - R-Squared 0.84
Portfolio Characteristics Investment Style Construction 7.53 - Alpha -2.62
Growth Blend Value
Total Stocks 63 Automobile 4.77 -
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)

Capitalisation

142337 Healthcare 4.61 -

Portfolio P/B Ratio 2.67 Metals 3.40 - Equity 99.34
Portfolio P/E Ratio 22.16 Cons Durable 2.23 - Debt 0.77
3Y Earnings Growth (%) 12.72 Engineering 2.02 - Cash -0.11
Returns as on June 10, 2019, Portfolio related data as on May 31, 2019
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 117.37%
This large-cap fund outperformed its benchmark and peers for 13 straight The scheme seeks long term
years, from 2004 until 2016, slipping up marginally in 2017. This track growth of capital, through a
record has earned it a four- or five-star rating consistently for over 10
portfolio with a target
years, a rare achievement in any category. The fund historically
benchmarked itself to the BSE 200 index, pegging its sector weights and allocation of 100% equity by
stock selection to this index. It only rarely selected stocks outside the aiming at being as diversified
index. But after SEBI's new categorisation rules, it has been reclassified across various industries and/
as a pure large-cap fund. The portfolio will, therefore, be selected from or sectors as its chosen
QUARTER 80.16% the top 100 stocks by market capitalisation, with a minimum 80 per cent
benchmark index, Nifty 50.
allocation to such stocks. The Nifty 50 will be its new benchmark. These
changes are set to take effect from mid-May 2018. These changes may The secondary objective
not materially alter the character of the fund, though the fund manager
will have to make do with a more restricted universe for stock selection.
The fund uses a 'growth at a reasonable price' approach to select stocks
and this will remain unchanged. Good performance has led to the asset
size nudging Rs20,000 crore. But the pure large-cap mandate will ensure
MONTH that this doesn't affect maneuverability. The fund owns 70-80 stocks in
33.57%
its portfolio for a well-diversified profile. A steady management team has
led to the continuity of style and market-cap bias over a decade. The fund
has delivered good participation in bull markets but it is its ability to contain
losses in the bear markets of 2008 or 2011 which makes it stand out.

Portfolio Manager

Mahesh Patil
Worst Performance Since Nov 2005

YEAR -50.51%

QUARTER -35.11%

MONTH -30.85%
Investment Information

AMC : Aditya Birla Sun Life AMC Ltd. Min Investment (Rs.) : 100
Website : mutualfund.adityabirlacapital.com Min SIP Investment (Rs.) : 100
Registrar : Computer Age Management Services Ltd. Exit Load : 1% for redemption within 365 days
Launch : August 2002
Benchmark : S&P BSE Sensex 50 TRI
All the graphs are rebased to 10,000 Plans (NAV) : Dividend (26.76) , Growth (228.35)

NAV S&P BSE Sensex 50 TRI

How to Read the Fundcard - Equity

Value Research Rating, Risk and Return

z Fund Rating — The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-
vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade — A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
z Returns Grade — A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the fund’s performance Sample Mutual Fund
since its launch. Graph of how an investors’ money
Rating:  Fund Performance Vs S&P CNX Nifty
z NAV (Year End) — The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return — The percent- Fund
fund’s benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- — In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the fund’s NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank — The fund’s perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49

for the year and the total Net Assets (Rs.Cr)

Expense Ratio (%)
-
-
-
-
-
-
-
-
51.40
2.49
15.15
2.50
9.11
2.50
140.54
2.50
124.74
2.50
374.84
2.35
343.03
2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range — The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds’ returns over each quar-
highest and the lowest NAV
Reliance Industries
ONGC
Energy
Energy
11.50
8.31
-57.30
-46.00
5.42
4.50
2007
2006
-1.42
19.42
14.53
-7.25
16.01
19.39
23.88
11.70
62.26
47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire year’s returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
Trailing Returns (%)
z Net Assets — The total
ITC FMCG 21.00 -18.47 2.72
Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investor’s assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34
that the fund was managing
Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month -20.78 -27.09 38/209 -26.76 -33.43
Trailing Returns (%)
1-Year -48.50 -55.29 34/192 -51.79 -40.18
z Expense Ratio — The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily

Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61
5-Year
7-Year
16.27 12.91
- -
19/67
-
9.50
-
9.90
-
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
ods are not.
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund — The fund’s own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34
Sharpe Ratio
Beta
0.21
0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category — The average
Investment Style
Growth Blend Value Health Care 5.00 2.74
Alpha 4.77
returns for all funds in the cate-
A detailed report on the latest Total Stocks 39
Engineering 4.01 5.26
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 28180 Composition (%)

Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03

Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank — The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
year’s returns are given. Also
z Index — The returns of the
stated is the percentage of the
fund’s benchmark index.
fund’s investments that are
z SIP Return (Annualised) —
invested in that company.
The return that an investor
would have made by investing
in the fund’s monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Weights (%) period.
Aggregate measures regarding A nine-cell matrix of the overall style The proportion of
the fund’s investments. The mar- of investment that the fund follows, The percentage of the fund’s holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the fund’s investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.