Must watch: Birla Sun Life Advantage Fund-D

Birla Sun Life Advantage Fund-D scheme seeks to achieve long-term growth at relatively moderate levels of risk through a diversified investment approach, investing 70 per cent in equities and the remaining in debt and money market instruments. The fund was incepted on February 24, 1995.

Birla Sun Life Advantage Fund has given annualised returns of 29.26 per cent for three years against 8.87 per cent index returns. The alpha for the fund is 7.9 per cent. The mutual fund has PE multiple of 37.5 times. Its NAV is trading at 95.62. Birla Sun Life Advantage Fund-D has assets under management (AUM) at Rs 587.78 crore. The mutual fund has expense ratio of 2.25 per cent.

Sector allocation wise, Birla Sun Life Advantage Fund-D has invested about 33.5 per cent in Financials, 16.5 per cent in Automobiles, 13.5 per cent in Engineering, 12.2 per cent in Healthcare and 6.7 per cent in IT. Out of its total investment, it has 5.5 per cent in HDFC Bank, 4.8 per cent in Eicher Motors,4.5 per cent in Yes Bank, 4.3 per cent in Maruti Suzuki and 4.2 per cent in Natco Pharma.

The mutual fund has Treynor ratio of 12.37 per cent, which is quite higher as compared to 4.04 per cent of index Treynor ratio. Meanwhile, its Sharpe ratio is 0.75 against 0.26 of index.