Birla Sunlife Frontline Equity Fund is being managed by Mahesh Patil, CIO-Equities at Birla AMC, who has been doing so for the last 11 years.
Looking at the style and the way the fund is managed, it's sort of a pure growth strategy where he looks at high earnings growth, good return on equity and good return on capital. It is a slightly diversified portfolio with around 70-80 stocks. He loosely aligns his portfolio to the BSE 200 sectoral weights, but has got great stock picking skills and that is where the bottom-up approach comes to the fore in this strategy.
Over the last five years, the fund has outperformed the Sensex by about 600 bps on annualised basis, which is staggering. If I look at the consistency of returns; over the last 10 years it has been a quartile one or two performer throughout. So an investor getting into this fund would be very comfortable about the consistent track record of returns.
We are comfortable with a manager of this sort.
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