Established in 1994, Aditya Birla Sun Life AMC Limited (ABSLAMC) is co-owned and backed by Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc.
ABSLAMC is one of the leading asset managers in India, servicing around 8.01 million investor folios with a pan India presence across 290 plus locations and a total AUM of over Rs. 2,930 billion for the quarter ending 31st December 2022 under its suite of a mutual fund (excluding our domestic FoFs), portfolio management services, offshore and real estate offerings.
ABSL Flexi Cap Fund
Investment Objective:
The objective of the scheme is long-term growth of capital through investment in equity & equity-related instruments across market cap (large, mid & small) companies.
Investment Process:
A diversified portfolio having disciplined large-cap bias is followed because the inclination towards large-cap ensures focus on quality companies with solid management & sound balance sheet. Also, the Top-Down approach is used for sector selection.
Portfolio Composition
The portfolio holds significant exposure in large-cap stocks at 52.97%, and significant sectoral exposure is to Banks, which account for 25.64% of the portfolio. The top 5 sectors hold more than 50% of the portfolio.
The fund has 98.02% investment in domestic equities, of which 52.97% is in Large Cap stocks, 22.89% is in Mid Cap stocks, and 5.5% is in Small Cap stocks.
Source: ABSL MF, Value Research
Top 5 Holdings
| Name | Weightage % |
| ICICI Bank Limited | 10.10 |
| HDFC Bank Limited | 7.42 |
| Infosys Limited | 6.11 |
| Sun Pharmaceutical Industries Limited | 4.30 |
| HCL Technologies Limited | 4.21 |
Source: ABSL
Performance since inception
If you had invested 10,000 at the time of the fund’s inception, it would now be valued at Rs. 1088640, whereas the benchmark (Nifty 500 TRI) would have fetched you Rs. 347773.
The following table depicts the fund’s performance vis-à-vis its benchmark (returns in %).
| Particulars | 1 Year | 3 Years | 5 Years | Since Inception |
| ABSL Flexi Cap Fund | -4.15 | 26.46 | 9.58 | 21 |
| Nifty 500 TRI | -1.22 | 28.97 | 11.52 | 15.51 |
| Nifty 50 TRI | 0.59 | 27.80 | 12.72 | 14.42 |
Fund Managers
Mr. Anil Shah (Total Experience: 30 years)
Mr. Anil Shah is a Co-Head of Equity with Aditya Birla Sun Life AMC Limited (ABSLAMC). Anil brings nearly three decades of rich professional experience in Indian equity markets.
As a Senior Fund Manager, Anil executes and regularly reviews the investment strategy for Equity portfolios. Before joining ABSL AMC in 2012, Anil was a part of RBS Equities (India) Limited (formerly known as ABN AMRO Asia Equities (India) Limited) for around 15 years. He is a CA and Cost Accountant by qualification.
Mr. Dhaval Joshi (Total Experience: 15 years)
Mr. Dhaval Joshi has an overall experience of 15 years in equity research and investments. Before joining Aditya Birla Sun Life AMC Limited, he was associated with Sundaram Mutual Fund (India) Ltd. for around five years. He has also worked as a research analyst with Emkay Global Financial Services and Asit C Mehta Investment Intermediates Ltd.
Who should invest?
- An investor looking for an equity fund that would be a suitable investment proposition across market cycles and with at least three years investment horizon
- Looking at a 3–5-year investment horizon perspective.
Why invest?
- Investing in this fund exposes investors to all types of stocks such as large-cap, mid-cap, and small-cap. This type of fund can help create wealth over the long term.
Horizon
- Ideal for investment with a time horizon of, preferably, five years or above
- Investment through Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.
Conclusion
ABSL Flexi Cap fund has underperformed than its benchmarks over 1, 3, and 5 years. However, it has outperformed both benchmarks since its inception.
Hence investors need to remain invested for the long term so that the alpha can be generated.
Disclaimer
This is not recommendation advice. All information in this blog is for educational purposes only.
