November 21, 2024
mayank
Review of Aditya Birla (ABSL) Conglomerate Fund NFO @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst.
[ A ] Benchmark Performance of BSE Select Business Groups TRI
Performance
| INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
| 1 MO | 3 MOS | YTD | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
| TOTAL RETURNS | 4709.27 | -7.82% | -7.46% | 12.53% | 35.49% | 15.35% | 24.22% | 16.21% |
| PRICE RETURNS | 4263.1 | -7.90% | -7.64% | 11.77% | 34.53% | 14.47% | 23.21% | 15.13% |
Risk
| ANNUALIZED RISK | ANNUALIZED RISK-ADJUSTED RETURNS | ||||
| 3 YRS | 5 YRS | 10 YRS | 3 YRS | 5 YRS | 10 YRS |
| 17.63% | 22.91% | 19.94% | 0.81 | 1.01 | 0.76 |
Fundamentals (As On 31-October-2024)
| PE | PB | Dividend Yield |
| 30.87 | 3.94 | 0.69 |
Index Characteristics
| NUMBER OF CONSTITUENTS | 30 |
| CONSTITUENT MARKET CAP [INR CRORE] | |
| MEAN TOTAL MARKET CAP | 284268.14 |
| LARGEST TOTAL MARKET CAP | 1803225.01 |
| SMALLEST TOTAL MARKET CAP | 43562.83 |
| MEDIAN TOTAL MARKET CAP | 176144.55 |
| WEIGHT LARGEST CONSTITUENT [%] | 22.26 |
| WEIGHT TOP 10 CONSTITUENTS [%] | 71.38 |
Note on Benchmark Performance:
Benchmark index has provided impressive return of 35.4% during last one year. The benchmark represents leading companies of India’s top corporates and hence compared to average return of the stock market, this group can provide much better returns.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Harish Krishnan
| Fund | Aditya Birla Sun Life Business Cycle Fund | It’s Benchmark | Aditya Birla Sun Life Flexi Cap Fund | It’s Benchmark |
| 1 Year | 26.02 | 25.67 |
27.94 |
25.67 |
| 3 Year | — | — | 12.89 | 13.96 |
| 5 Year | — | — | 17.59 | 19.09 |
| 7 Year | — | — | 13.13 | 14.71 |
| 10 Year | — | — | 13.94 | 13.81 |
As on 21-11-2024
Past Performance of Kunal Sangoi
| Fund | Aditya Birla Sun Life Digital India Fund | It’s Benchmark | Aditya Birla Sun Life Focused Fund | It’s Benchmark |
| 1 Year | 23.69 | 28.25 |
28.59 |
25.67 |
| 3 Year | 9.01 | 7.76 | 12.58 | 13.96 |
| 5 Year | 27.06 | 24.56 | 16.74 | 19.09 |
| 7 Year | 23.77 | 23.55 | 12.90 | 14.71 |
| 10 Year | 18.25 | 16.55 | 12.40 | 13.81 |
As on 21-11-2024
Note on Fund Managers’ performance
As you can see, the fund managers have given mixed performance. The returns of Aditya Birla focused fund is not impressive and below the benchmark index during few time periods. The performance of Aditya Birla Flexi cap is below the benchmark index. While deciding about investing, this aspect is discouraging.
[ C ] Conclusion:
While deciding about investment in this NFO, two aspects have to be scrutinized and we give more weightage to benchmark performance and recommend investment in this NFO.
https://sahifund.com/aditya-birla-sun-life-conglomerate-fund/