Fund Name: Birla sun life equity (G)
CRISIL Rank: 2
Category: Equity – Diversified
Expense Ratio: 2.58%
Risk Level: Average
Benchmark: S&P BSE 200
Objective: An open-end growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 90% equity and 10% debt and money market securities.
Birla sun life equity (G) has made its inception in the year 1998. Since inception, it has produced amazing annualized returns of 24%. It has managed to beat the benchmark index as well as category average consistently in the 1, 3 and 5 year returns.
Top 5 holdings of the fund include ICICI bank, Tech Mahindra, L&T, IndusInd bank and ONGC. The fund’s strength lies in picking winners in large caps which constitute 75% of portfolio. It’s a good long term investment.