Aditya Birla Sun Life Top 100 Fund: Focused large-cap outperformer

ET Wealth collaborates with Value Research to analyse top mutual funds.

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

How has the fund performed?
With a 10-year return of 10.2%, the fund has outperformed both the benchmark (6.1%) and the category average (7.7%) by a wide margin.


The fund has comfortably beaten both the index and its peers over the past decade.

As on 16 Jan 2018


Annualised performance (%)
The fund has outperformed over 3- and 5-year periods.

As on 16 Jan 2018

Yearly performance (%)
The fund has consistently outperformed in recent years.

BASIC FACTS
Date of launch :24 OCT 2005
Category : Equity
Type : Large cap
Average AUM : Rs 3,930.03 cr
Benchmark : Nifty 50 index

WHAT IT COSTS
NAVS*
Growth option : Rs 59
Dividend option : Rs 18
Minimum investment : Rs 1,000
Minimum SIP amount : Rs 1,000
Expense ratio (%)^ : 2.29
Exit load: 1% for redemption within 365 days

*As on 16 Jan 2018

Fund manager : Mahesh Patil
Tenure: 7 years and 5 months
Education: B.E, MMS AND CFA

Where does the fund invest?
Portfolio is likely to get more focused, with the fund taking larger positions in top bets.

How risky is it?
The fund's risk-return profile is superior to many of its peers.

Wherever not specified, data as on 31 Dec 2017. Source: Value Research

Should you buy?
This fund has been a consistent outperformer for many years under its current fund manager. It is undergoing a transformation, taking on a more focused approach instead of a diversified startegy. It will remain a true-to label large-cap offering, but will be distinct from its larger sibling, Aditya Birla Sun Life Frontline Equity, which is a diversified fund. Accordingly, the fund portfolio will become more compact, with the fund manager taking larger positions in high conviction bets. It will also retain higher flexibility to deviate from its benchmark index at a sectoral level. This will potentially allow it to generate higher return but could be accompanied by higher volatility. Investors looking for a focused large-cap scheme may consider this fund.