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Name of the Scheme Aditya Birla Sun Life PSU Equity Fund Scheme TypeAn open ended equity scheme following PSU theme Investment ManagerAditya Birla Sun Life AMC Limited |
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| Face Value Rs. 10 |
Fund Managers Mr. Mahesh Patil |
| NFO Period Dec 09 – Dec 23, 2019 |
Benchmark S&P BSE PSU TR Index |
| Weekly | Monthly | |
|---|---|---|
| Minimum Installment Amount | Rs. 500/- and above per month | Rs. 500/- and above |
| Number of installments | Minimum – 6(Including the first installment) | Minimum 6 installments (Including the first installment) |
| Investment Day/Date | Any day of the week from Monday – Friday. Incase of a non-business day, SIP would be executed on next business day. | a. Any day of the month from 1st to 28th b. Investors can also opt for multiple dates within a month. Investors may choose maximum upto 4 dates from any date from 1st to 28th of a month. |
| Default Date | If the investment frequency is not selected or in case of any ambiguity, the SIP date will be 7th of each month under Monthly SIP. In case where more than 4 dates are specified, default dates will be 7th, 15th , 20th & 28th of each month. Further, In case the 'End Date' is not mentioned by the investor, the same would be considered as December 31, 2099 by default | In case none of the frequencies have been selected or in case of any ambiguity, Monthly frequency shall be treated as Default frequency and 7th shall be treated as Default Date. If the day for Weekly SIP is not selected or in case of any ambiguity, Wednesday shall be treated as a Default day. Further, in case the 'End Date' is not mentioned by the investor, the same would be considered as 31st December, 2099 by default. |
The investment objective of the scheme is to provide long term capital appreciation by investing in equity and equity related instruments of Public Sector Undertakings (PSUs).
The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.
The asset allocation under the Scheme, under normal circumstances, is as follows:
| Investments | Minimum | Maximum | Risk Profile |
|---|---|---|---|
| Equity and Equity related instruments of Public Sector Undertakings | 80 % | 100 % | High |
| Other Equity & Equity Related instruments | 0 % | 20 % | High |
| Debt and Money Market Instruments | 0 % | 20 % | Low – Medium |
| Units issued by REITs & InvITs | 0 % | 10 % | Medium – High |
Public sector entities/undertakings to include those entities:
- In which the Government of India / a State Government has atleast 51% shareholding.
- Notified / qualifies as public sector entities, in accordance with norms / notified by Government of India / a State Government the debt of which is guaranteed by Government of India / a State Government.
The Scheme may also invest upto 50% of the net assets of the scheme in derivative instruments for the purpose of hedging and portfolio balancing and other uses as may be permitted under SEBI (MF) Regulations. The cumulative gross exposure to equity, equity related instruments, debt, money market instruments and derivatives shall not exceed 100% of the net assets of the scheme. Under normal circumstances the scheme shall not have an exposure of more than 20% of its net assets in foreign securities. However, the AMC with a view to protecting the interests of the investors, may increase exposure in foreign securities as deemed fit from time to time. Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the scheme intends to invest in repo /reverse, repo in corporate debt securities and may engage in stock lending/borrowing. The Scheme may also invest up to 20% in securitized debt instruments. The Scheme may invest in mutual fund units as permissible. The scheme will not invest in Credit Default Swaps and shall not indulge in short selling.
The above mentioned investment pattern is indicative and may change for short duration.
The primary investment strategy of the scheme would be to generate long term capital appreciation by investing in equity and equity related instruments of Public Sector Undertakings (PSUs) The scheme may continue to hold companies in the Scheme which subsequently may get privatized or where the Government shareholding gets reduced through the process of disinvestment (but minimum PSU/ Central government / state government stake of 25% or single largest shareholder).The scheme will follow a bottom-up approach to stock-picking. All companies selected will be analyzed taking into account the business fundamentals like nature and stability of business, prospects of future growth and scalability, financial discipline and returns, valuations in relation to broad market, expected growth in earnings and the company's financial strength and track record.
The scheme may also invest in ADR/ GDR and equities of listed overseas companies. These investments will be made in line with the RBI and SEBI guidelines and will be within the limits prescribed by SEBI/RBI from time to time.
The Scheme may also invest a small portion of its corpus in money market instruments to manage its liquidity requirements. The fund investment in debt securities and money market instruments issued by corporate and/or state and central government with the aim to controlling volatility and providing cash flows on a continuous basis. Rigorous in depth credit evaluation of the securities proposed to be invested in will be carried out by the investment team of the AMC for its fixed income investments. In addition, the Investment Team of the AMC studies the macro economic conditions, including the political, economic environment and factors affecting liquidity and interest rates.
The portfolio shall be structured so as to keep risk at acceptable levels and invest across Market cap. This shall be done through various measures including:
- Ongoing review of relevant market, industry, sector and economic parameters
- Investing in companies which have been researched. Companies deemed to be leaders in their respective products/industry.
- High quality businesses exhibiting favorable economics, capable and trustworthy management teams
- Other parameters like operating profit margin, net profit margin, P/E ratio, better earnings visibility, etc.
- Investments in debentures and bonds will usually be in instruments which have been assigned investment grade ratings by any approved rating agency
ABSLAMC may, from time to time, review and modify the Scheme’s investment strategy if such changes are considered to be in the best interests of the unit holders and if market conditions warrant it. Investments in securities and instruments not specifically mentioned earlier may also be made, provided they are permitted by SEBI/RBI and approved by the Trustee.