Let us know about such a scheme, with the help of which Rs 10,000 of investors has become Rs 4.87 crore in 24 years.
Established almost 25 years ago on August 27, 1998, Aditya Birla Sun Life Flexi Cap Fund has registered a Compound Annual Growth Rate (CAGR) of over 21%. The fund house said in a statement that the value of Rs 10,000 through Systematic Investment Plan (SIP) has grown to Rs 4.87 crore in the last 24 years. While the investment of Rs 1 lakh increased to Rs 1.27 crore in the same period.
About the fund
Aditya Birla Sun Life Flexi Cap Fund is an open ended dynamic equity scheme, investing in large cap, mid cap and small cap stocks. The objective of the scheme is to generate long term capital appreciation by investing in equity and equity related instruments in market cap (large, mid and small) companies. As on 31 July 2023, the fund had Assets Under Management (AUM) i.e. total assets of Rs 17,406.29 crore. While the Net Asset Value (NAV) was Rs 1,273.83.
Fund Manager
Anil Shah (from October 3, 2012) and Dhaval Joshi (from November 21, 2022) are the Fund Managers of this scheme. Anil Shah, Senior Fund Manager, is the Co-Head Equity of Aditya Birla Sun Life AMC Limited (ABSLAMC). Who execute and regularly review the investment strategy for the equity portfolio. While on the other hand Dhaval Joshi has an overall experience of 15 years in Equity Research and Investments. Prior to joining Aditya Birla Sun Life AMC Limited, he was associated with Sundaram Mutual Fund for about 5 years.
The scheme allocates at least 65% of the net assets to equity and equity related instruments. It invests this asset in shares of various sectors, industries and large, mid and small cap segments. The company follows a combination of top-down and bottom-up approach to find investable stocks with long-term fundamentals. Along with this, the company invests the remaining 35 per cent assets in a combination of equity as well as debt and other money market instruments for liquidity purposes.
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