Birla Sun Life Top 100- Growth, a consistent performer

Birla Sun Life Top 100- Growth managed by seasoned portfolio manager Mahesh Patil with assets under management of Rs. 1,802.76 crores, bench-marked against Nifty has been a consistent performer and ranks favourably in the  category. 

Over a period of three years the fund has generated annualised returns of 22.1 per cent and over a 5 year period the fund has generated 14.03 per cent, thus outperforming the benchmark index Nifty 50.

The fund has been able to deliver consistently due to its strategic asset allocation in various sectors. With 31.8 per cent allocation to Financial the fund has placed lot of confidence in the sector. IT, Healthcare and Automobile are the other sectors that the fund manager is betting on for consistent performance. HDFC Bank, Infosys Ltd., Reliance Industries Ltd., ICICI Bank Ltd.,and Axis Bank Ltd., are the top holdings for the fund. 

In shorter run though the fund has under-performed benchmark index Nifty 50 on YTD basis and over a 3 month to 6 month period. 

The fund boasts of an Alpha of 3.52 per cent and its Sharpe ratio is 0.23. With a beta of 0.94 the fund is a low risk fund. Aplha represents excess returns of the funds compared to its benchmark index. Sharpe ratio reflects risk adjusted returns highlighting returns per unit of risk. Higher the Sharpe ratio better the fund performance is. 

Birla Sun Life Top 100 -G fund, an open ended fund seeking to provide medium to long- term capital appreciation by investing predominantly in a diversified portfolio of equity of top 100 companies as measured by market capitalisation , should be in the list of mutual fund investors looking for Low risk fund with consistent returns over the long run.