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Birla SunLife MIP II Savings 5

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

 

This fund invests at least 90 per cent in debt instruments like highly-rated bonds issued by the Government of India, PSUs and other reputed Indian companies. The fund maintains less than 10 per cent diversified equity exposure in growth-oriented handpicked companies. The fund manager adopts a mix of top-down and bottom-up approach in select sectors depending on the business cycle, impact of regulatory reforms and competitive advantage. The debt portfolio is actively managed, with investments in various debt securities and money market instruments issued by corporates, states and the Central Government. The fund has brought down its exposure in AAA rated papers in 2012 from an average of over 66 per cent in the first quarter to 38 per cent by end of the year. Since September 2012, the fund has started investing in GOI securities, accounting for more than 30 per cent of its net assets.

 

Performance


From a rather poor start, when it underperformed the category average for three consecutive years, this fund started to do well from 2008. In the past 5 years, the fund has established itself as one which does exceptionally well during falling markets. The fund manager's conviction to do away with equity allocation and focus on aggressive debt allocation has aided performance during bear phases of the market. For instance, at the height of the bull run in 2007 and through 2008, this fund had zero equity allocation. On the equity front, allocation has averaged less than 7 per cent since 2009, despite a large number of stocks finding their way into this fund's portfolio. In 2011, it did much better than most of its peers but could not maintain the same momentum in 2012 and underperformed the category. The fund, however, fails to impress during the rising markets and has had a history of frequent change in fund management.

 

Why invest?


This fund is for investors looking for low risk with above-average return possibilities. It has low expense ratio and keeps its equity exposure to less than 10 per cent, which further contains its downside. Though the fund does pose the risk of being exposed to mid- and small-caps along with aggressive bets on debt investments.

Happy Investing!!

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You can write back to us at PrajnaCapital [at] Gmail [dot] Com

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

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These Application Forms can be used for buying regular mutual funds also

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