Recovery to Boost Multi-sector Focus
Birla Sun Life Equity Fund
Markets are at an inflection point. Expectations of a good monsoon are gathering strength. Rural economy, which has been growing slowly, is gaining some momentum. Besides, there is an impending urban recovery. At this juncture, it makes sense to look at schemes which invest in companies across market capitalisation and which also have attractive performance. One such scheme is Birla Sun Life Equity Fund. It is a flexi-cap scheme where the fund manager Anil Shah invests in diversified sectors. Since it is multi-sector focussed, the scheme which employs topdown approach in selecting stocks has been able to beat its peers and benchmark BSE 200 by a wide margin. Also, with the economy doing well, companies across m-cap will see enhanced earnings, which will boost the performance of the scheme in the long run.
At present, the scheme has bought stocks of companies which have completed their capital expenditure and are likely to reap benefits. A few prominent companies which have been bought by the fund manager are Dishman Pharma, Tata Chemicals, Hero Moto, and Maruti Suzuki. In terms of composition, the scheme has 65% large-sized companies and the rest 35% in mid-sized.
Increase in Allocation