Merger of Aditya Birla Sun Life India Opportunities Fund, an Open ended Growth Scheme

16 Pages·2017·0.28 MB·English

April 30, 2018
Dear Valued Unitholder,
Re: Merger of Aditya Birla Sun Life India Opportunities Fund, an Open ended Growth Scheme into Aditya Birla Sun
Life Digital India Fund, an open ended equity scheme investing in the Technology, Telecom, Media, Entertainment and
other related ancillary sectors (previously known as Aditya Birla Sun Life New Millennium Fund)
Thank you for choosing Aditya Birla Sun Life Mutual Fund (“the Fund”) as your investment partner. We truly appreciate your trust in us.
We would like to inform you that in accordance with SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 06,
2017, the Board of Directors of Aditya Birla Sun Life AMC Limited (‘ABSLAMC’), Investment Manager for Aditya Birla Sun Life Mutual
Fund, and Aditya Birla Sun Life Trustee Private Limited, Trustees to Aditya Birla Sun Life Mutual Fund have approved the merger of
Aditya Birla Sun Life India Opportunities Fund (hereinafter referred to as ‘Merging Scheme’) into Aditya Birla Sun Life Digital India
Fund (hereinafter referred to as ‘Surviving Scheme’).
This merger has been approved by the Board of Directors of Aditya Birla Sun Life AMC Limited (ABSLAMC) and Aditya Birla Sun Life
Trustee Private Limited. The Securities and Exchange Board of India has communicated its no-objection for the above changes vide
its letter no. IMD/DF3/OW/P/2018/7315/1 dated March 08, 2018.
The Merger shall be effective on June 04, 2018 (Effective Date).
The scheme features and latest portfolios of Merging Scheme and Surviving Scheme are given in Annexure I & II respectively. For
further details on both Merging and Surviving Schemes, Unitholders are requested to refer Scheme Information Document and Key
Information Memorandum which is available on our website www.adityabirlasunlifemf.com
For Performance of Merging Scheme and Surviving Scheme please refer Annexure III.
Further, for details of Non-Performing Assets (NPAs) and illiquid assets to net assets please refer Annexure IV.
Pursuant to SEBI Circular No. SEBI/MFD/CIR No. 05/12031/03 dated June 23, 2003 read with SEBI Circular No. Cir/IMD/
DF/15/2010 dated October 22, 2010, merger of Aditya Birla Sun Life India Opportunities Fund into Aditya Birla Sun Life Digital India
Fund is considered as change in the fundamental attributes of Aditya Birla Sun Life India Opportunities Fund and consequently, as
per Regulation 18 (15A) of the SEBI (Mutual Funds) Regulations, 1996 any change in fundamental attributes can be carried out after
a written communication is sent to all the unitholders of Merging Scheme, giving them an option to redeem/switch their investments
at the prevailing Net Asset Value, without payment of any exit load.
Accordingly, the existing unitholders (i.e. whose names appear in the register of unitholders as on close of business hours on
April 30, 2018) under the Merging scheme are hereby given an option to exit, i.e. either redeem their investments or switch their
investments to any other schemes of Aditya Birla Sun Life Mutual Fund, within the 30 days exit period starting from May 02, 2018
till June 01, 2018 both days inclusive and upto 3.00 pm on June 01, 2018) at Applicable NAV, without payment of any exit
load. The Exit Option can be exercised during the Exit Option Period by submitting a valid redemption / switch-out request at any
Official Point of Acceptance of the Fund. For list of Official Points of Acceptance, please visit our website www.adityabirlasunlifemf.
com. Unit holders who hold the units of Merging Scheme in electronic (demat) mode need to submit the redemption request to their
Depository Participant.
All the valid applications for redemptions/switch-outs received under the scheme shall be processed at Applicable NAV of the day of
receipt of such redemption / switch request, without payment of any exit load, provided the same is received during the exit period
mentioned above. Unitholders who have pledged or encumbered their units will not have the option to exit unless they procure a
release of their pledges / encumbrances prior to the submission of redemption / switch requests.
Unitholders should ensure that their change in address or bank details are updated in records of Aditya Birla Sun Life Mutual Fund
as required by them, prior to exercising the exit option for redemption of units. Unit holders holding Units in dematerialized form
may approach their Depository Participant for such changes. In case units have been frozen / locked pursuant to an order of a
government authority or a court, such exit option can be executed only after the freeze / lock order is vacated / revoked within the
period specified above. The redemption proceeds shall be dispatched within 10 business days of receipt of valid redemption request
to those unitholders who choose to exercise their exit option.
1
The requirement of minimum application amount for fresh subscription of units as applicable for the Surviving Scheme shall not be
applicable in respect of units allotted to the unitholders of the Merging Scheme on account of merger.
Consequently, upon the merger of schemes, the unitholders shall be allotted units under the corresponding Plan/Option/Facility
under Surviving Scheme as per matrix provided below:
Units held under following Option / Facility in Regular / Direct Units shall be allotted under following Option / Facility in
Plan of the Merging scheme Regular / Direct Plan in Surviving scheme
Dividend Payout Dividend Payout
Dividend Reinvestment Dividend Reinvestment
Dividend Sweep Facility Dividend Sweep Facility
Growth Growth
This offer to exit from Merging Scheme is merely an option and not a compulsion. Unitholders who do not exercise the exit option
on or before June 01, 2018 would be deemed to have consented to the proposed merger and will be allotted units under the
corresponding option of the Surviving Schemes at the last available applicable Net Asset Value before the Effective Date and fresh
Account Statement reflecting units in Surviving Scheme will be issued to you.
Basis of allotment of units in Surviving Scheme pursuant to merger is explained as follows:
Aditya Birla Sun Life India Opportunities Fund Aditya Birla Sun Life Digital India Fund
Assumed Units Held Valuation Securities Net Amount to Assumed NAV Units to be Valuation of
NAV on by Resident of holding Transaction be invested in on Record allotted on holding of units
Effective Investor of units on Tax @ Aditya Birla Date merger on Effective date
Date Record date 0.001% Sun Life
Digital India
Fund
(Rs.) Nos. (Rs.) (Rs.) (Rs.) (Rs.) Nos. (Rs.)
(A) (B) (A*B)=C D E F (E/F)=G (F*G)=H
150.00 1,000.00 1,50,000.00 Nil* 1,50,000.00 40 3750.00 1,50,000.00
(1,50,000/40)
*Securities Transaction Tax w.r.t. units of Merging scheme, if any, on account of merger would be borne by ABSLAMC.
The Finance Act, 2016 amended Section 47 so as to include clause (xix) which provides that any transfer of unit or units by a unit
holder held by him in the Consolidating Plan of a mutual fund scheme, will not be treated as transfer, if the transfer is made in
consideration of the allotment to him of unit or units in the Consolidated Plan of that mutual fund scheme under the process of
consolidation of the schemes of mutual fund in accordance with the SEBI (Mutual Funds) Regulation, 1996 and accordingly capital
gains will not apply.
As per the amendments, allotment of units in Surviving Scheme, pursuant to merger, to Unit holders of Merging Scheme who decide
to continue will not be considered as redemption of Units in Merging Scheme and will not result in short term / long term capital
gain / loss in the hands of the unit holders. Further, the cost of acquisition of units allotted in Surviving Plan (Consolidated Plan)
pursuant to merger or consolidation of plans of a mutual fund scheme will be the cost of acquisition of units in Transferor Plan
(Consolidating Plan).
However redemption of units from Merging Scheme and/or switch-out of units of Merging Scheme to any other schemes of the
Fund during exit window shall be considered as redemption in Merging Scheme and will result in short term / long term capital gain
/ loss in the hands of the Unit holders depending on the period of holding of the investment.
Further there would be no Securities Transaction Tax on allotment of units in Surviving Scheme pursuant to merger to unit holder
who decide to continue.
Unitholders are required to check the relevant Income Tax provisions as may be applicable to them from time to time.
Brief note giving tax implication on merger of schemes are given in Annexure V
Following provisions would be applicable Post-merger:
• Post completion of the proposed Merger, i.e. from the Effective Date, the revised name of the Surviving Scheme will be Aditya Birla Sun Life
Digital India Fund, an open ended equity scheme investing in the Technology, Telecom, Media, Entertainment and other related ancillary sectors.
• The date of allotment at the time of subscription in Merging Scheme shall be considered as the allotment date for the purpose of applicability
of exit load period at the time of redemption / switch – out of such units in Surviving scheme.
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• In case the lien is marked on the units held in the Merging Scheme and such unitholder decides to continue to remain invested (i.e. does not
submit redemption / switch-out request during exit option period), then the units allotted in Surviving Scheme pursuant to merger will also be
automatically subject to lien in Surviving Scheme post-merger
• In case of unitholders who had registered Systematic Investment Plan (SIP) and decide to continue to remain invested then such registration
for SIP will be processed under the Surviving Scheme for balance tenure / installments as per terms and conditions of the respective special
products subsequent to merger. However, Unitholders who have opted for Dividend Sweep Facility (DSF) from Aditya Birla Sun Life Digital India
Fund to Aditya Birla Sun Life India Opportunities Fund the same will stand cancelled from the date of merger of the scheme.
• Unitholders who have availed Century SIP under Merging Scheme and wish to avail of the exit option should note that, as per terms and
conditions of Century SIP, discontinuation of Century SIP within 3 years from the commencement of the same or any Redemption / switch-out
(fully or partly) of units allotted under Century SIP before the completion of the Century SIP tenure shall result in Cessation of Insurance Cover
offered under the facility. Unitholders availing Century SIP under the Scheme can contact us on 1800-270-7000 / 1800-22-7000 (Toll Free)
or write in at [email protected] or visit your nearest ISCs or consult their financial advisors for any queries regarding
their investments in Century SIP. Please note that in absence of any communication in writing as above, Century SIP shall continue, and in
case of Merging Scheme, shall be automatically re-registered into Surviving Scheme, for remaining installments / tenure, as per the terms and
conditions of the Century SIP as availed by the Unitholder.
• In case of Unitholders who are holding units of Merging Scheme in electronic (demat) mode and who don’t submit redemption / switch-out
request during the exit option period, such units of Merging Scheme will be extinguished from their demat account and proportionate units of
the Surviving Scheme will be credited to their demat account after the Effective Date (refer Annexure VI for ISIN details).
The details of unclaimed redemption and dividend relating to Aditya Birla Sun Life India Opportunities Fund as on March 31, 2018 is enclosed (refer
Annexure VII for details). Unitholders should note that after the merger, amounts relating to unclaimed redemption will be transferred in the name
of the Surviving scheme i.e. Aditya Birla Sun Life Digital India Fund
Cut off timing for NAV applicability for redemption and switch-out:
In respect of valid redemption/switch out requests received at a designated Official Points of Acceptance of Transaction of the Fund upto 3.00 p.m.
on a Business Day, the NAV of the day of receipt of application shall be applicable and in respect of application received after 3.00 p.m., the NAV
of the next Business Day will be applicable.
CONTACT US
If you have any further queries regarding your investments you can –
• Write in at [email protected]
• Visit your nearest Investor Service Centres (ISCs). To locate your nearest ISC we request you to visit www.adityabirlasunlifemf.com.
Thanking you once again and looking forward to a long and enduring relationship.
For Aditya Birla Sun Life AMC Ltd.
(formerly known as Birla Sun Life Asset Management Company Limited)
(Investment Manager for Aditya Birla Sun Life Mutual Fund)
sd/-
Authorised Signatory
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Annexure I
The scheme features of Aditya Birla Sun Life India Opportunities Fund (Merging Scheme) and Aditya Birla Sun Life Digital India Fund (Surviving
Scheme) are as follows:
Name of the Scheme Aditya Birla Sun Life India Opportunities Fund Aditya Birla Sun Life Digital India Fund
Type of the Scheme An Open ended Growth Scheme An open ended equity scheme investing in the Technology,
Telecom, Media, Entertainment and other related ancillary
sectors.
Suitable for investors • Long term capital growth • Long term capital growth
who are seeking * • investments in equity and equity related securities of • Investments in equity and equity related securities with
companies that seek to leverage India’s competitive a focus on investing in Technology, Telecom, Media,
advantages in global outsourcing theme Entertainment and other related ancillary sectors.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Investment Objective The objective of the scheme is to achieve superior long- The primary investment objective of the scheme is to
term growth of capital by investing in shares of companies generate long term growth of capital, through a portfolio with
that do one or more of the following: 1. Leverage India’s a target allocation of 100% equity, focusing on investing
intellectual capital for providing services, research and in technology and technology dependent companies,
creative inputs. 2. Seek to use current and impending hardware, peripherals and components, software, telecom,
changes in patent laws / import tariffs / quotas to supply media, internet and e-commerce and other technology
goods and services. 3. Leverage India’s lower labour enabled companies. The secondary objective is income
costs for providing services and manufactured goods. generation and distribution of dividend.
4. Leverage India’s large population of English speaking
people for providing services.
Asset allocation and Under normal circumstances, the asset allocation pattern Under normal circumstances, the asset allocation pattern
Investment Pattern of the scheme shall be as under: of the scheme shall be as under:
(% age of investible corpus) (% age of investible corpus)
Instrument Asset Risk Profile Instrument Target Allocation
Allocation Allocation Range
Equity and Equity 70%-100% High Equity & Equity Related 100% 80%-100%
related instruments Instruments
Cash, Money Market 0- 30% Low Debt & Money Markets 0% 0%-20%
and Short term debt instruments(including
Instruments securitized debt)
The scheme may also invest upto 50% of the portfolio (i.e. The Fund Manager will review the portfolio for adherence
net assets including cash) in such derivative instruments as with the above asset allocation patterns and rebalance
may be introduced from time to time subject to framework them within 30 days to conform to the above limits.
specified by SEBI, for the purpose of hedging and portfolio From time to time it is possible that the portfolios may
balancing and other uses as may be permitted under SEBI hold cash.
Regulations. Under normal circumstances the scheme
The Scheme may also enter into repurchase and reverse
shall not have an exposure of more than 15% of its net
repurchase obligations in all securities held by them as
assets in foreign securities. However, the AMC with a view
per the guidelines and regulations applicable to such
to protecting the interests of the investors, may increase
transactions. The Scheme also intends to participate
exposure in foreign securities as deemed fit from time to
in derivatives trading within the equity component of
time.
their portfolios. The scheme intends to use derivatives
instruments like options on stocks and stock indices,
interest rate swaps, forward rate agreements or such
other derivative instruments as may be introduced from
time to time subject to framework specified by SEBI, for
the purpose of hedging, portfolio balancing and other
permitted usages as provided under the regulations
4
Name of the Scheme Aditya Birla Sun Life India Opportunities Fund Aditya Birla Sun Life Digital India Fund
and guidelines. The value of derivative contracts
outstanding will be limited to 50% of net assets of the
scheme. RBI has permitted Mutual Funds to participate in
Interest Rate Swaps and Forward Rate Agreements. SEBI
has also permitted trading of interest rate derivatives
through stock exchanges. The scheme may also trade
in these instruments. The scheme may invest upto 25%
of its net assets in ADRs/GDRs and equities of listed
overseas companies, which in the judgment of the Asset
Management Company are eligible for investment as
part of the scheme’s portfolio and is consistent with
the investment strategy, subject to the investment
restrictions specified by SEBI / RBI from time to time.
The Scheme also reserve the right to invest in newer
investment products subject to approval of the Trustee
Company and in compliance with the applicable SEBI
Regulations.
Investments may be made in listed or unlisted instruments.
Listed securities may be listed on any of the recognised
Indian stock exchanges including the National Stock
Exchange and the OTCEI. Investments may be made as
secondary market purchases, initial public offers, private
placements, negotiated investments, rights offers, etc.
The Mutual Fund under each Scheme may invest in non-
publicly offered debt securities (including convertible
securities).
The portfolio invested in each type of security will vary
in accordance with economic conditions, the general
level of stock prices, interest rates and other relevant
considerations, including the risks associated with each
investment. The Scheme will, in order to reduce the
risks associated with any one security, utilize a variety
of investments, performance will depend on the Asset
Management Company’s ability to assess accurately and
react to changing market conditions.
Not more than 5% of the net assets of each Scheme may
be invested in equity and equity-related securities that are
not listed on any stock exchange (including the OTCEI).
Any such investments will only be made if the Asset
Management Company believes that such securities may
be listed within a two-year period. This policy, however, is
not applicable to each Scheme’s acquisition of equity and
equity-related securities in initial public offerings that at
the time of acquisition are not yet either listed or quoted
on any stock exchange, but pursuant to the terms of such
initial public offering will be so listed. The Mutual Fund
under each Scheme, will not invest more than 10% of
its net assets in the debt (including non-publicly offered
debt securities) and money market securities of any one
issuer excluding call money.
Upto 5% of the net assets of each scheme may be
invested in unlisted equity and equity-related securities
as stated in the previous paragraph. Further, since a
significant section of the debt market consists of non-
publicly offered debt securities, each Scheme could invest
upto 20% of its net assets (i.e. its entire allocation to
debt and money market securities) in non-publicly offered
debt securities.
5
Name of the Scheme Aditya Birla Sun Life India Opportunities Fund Aditya Birla Sun Life Digital India Fund
In accordance with the proviso to clause 10 of the
Schedule VII to SEBI Regulations, the scrip wise limit of
10% is not applicable for investments in case of sector
specific schemes. The upper ceiling on investments in
case of the schemes shall be the weightage of the scrip
in respective benchmark index or 10% of the NAV of the
scheme whichever is higher.
Notwithstanding the foregoing investment policies for
the scheme, for temporary defensive purposes (e.g.,
during periods in which the Asset Management Company
believes changes in the securities market or economic or
other conditions warrant), the scheme may invest in Indian
Government T-Bills and hold cash or cash equivalents
and other money market instruments. The Trustee of the
Mutual Fund may from time to time alter these limitations
in conformity with the SEBI (MF) Regulations, 1996 and
other guidelines or notifications that may be issued by
SEBI.
Investment Strategy Investment Strategy would focus on achieving superior risk The scheme aims to generate returns by investing in
adjusted returns by investing in attractively priced shares technology and technology dependent companies which
of companies that are poised for rapid growth in Revenues includes: software services, products, BPO, hardware,
and Profits. These companies would fall into two broad internet and e-commerce, media and entertainment,
categories. One set of investment opportunities includes telecommunication services and equipment’s and
information technology (IT) and IT-related companies, technology enabled companies. The scheme will follow
media, telecom, pharmaceutical and bio-technology a bottom-up approach to stock picking, adopting a blend
companies. These companies use a combination of of value and growth style of investing. The investment
intellectual capital and lower labour costs to deliver high emphasis of the scheme will be to identify and invest in
quality and low cost solutions. companies with robust business model, strong competitive
The second set of companies where the scheme would position and managed by quality management.
invest will come from sectors that are not directly related to Portfolio Turnover
IT and related companies. So far, we have seen India’s low The scheme has no explicit constraints either to maintain
cost and intellectual capital being exploited in the field of or limit the portfolio turnover. Portfolio turnover will
services and pharmaceutical research. We believe India is depend upon the circumstances prevalent at any time
now ready to play an increasingly important role in exports and would also depend on the extent of volatility in the
of manufactured goods like auto ancillaries, generic & bulk market and inflows/outflows in the scheme. The Fund
pharmaceuticals and textiles. These represent large Manager will however endeavour to maintain a low
business opportunities where India has medium-to- portfolio turnover rate.
long term competitive advantage. The key criteria for
evaluation would be whether foreign exchange earnings
form a material portion of revenue and exports and is the
key thrust area for future growth. Thus, the scheme aims
to be a vehicle for investing in India’s role in the Global
Outsourcing Theme.
Stock Selection Strategy
The scheme would invest a substantial portion of its
investible assets (over 65%) in the investment universe as
defined above.
In order to diversify the portfolio, the fund manager may
invest upto 30% in stocks which other than as defined
in the investment universe above. A small portion of the
portfolio may be kept in call and money market instruments
in order to meet the liquidity needs.
The investment emphasis of the scheme would be on
identifying companies with sound corporate managements
and prospects of good future growth. Past performance will
also be a major consideration. Essentially, the focus would
be on long-term fundamentally driven values. However,
short-term opportunities would also be seized, provided
they are supported by underlying values. As part of the
investment strategy, scheme will book profits regularly to
take advantage of the volatility in the market.
6
Name of the Scheme Aditya Birla Sun Life India Opportunities Fund Aditya Birla Sun Life Digital India Fund
Portfolio turnover
The scheme has no explicit constraints either to maintain
or limit the portfolio turnover. Portfolio turnover will
depend upon the circumstances prevalent at any time
and would also depend on the extent of volatility in the
market. A higher churning to the portfolio could attract
high transaction costs of the nature of brokerage; demat
charges, stamp duty, custodian transaction charges, etc.
Benchmark Nifty500 S&P BSE Teck
Inception date December 27, 1999 January 15, 2000
Entry Load Nil
Exit Load For redemption/switch out of units within 365 days from the date of allotment: 1.00% of
applicable NAV
Recurring Expenses As per Regulation 52(6)(c) of SEBI (MF) Regulations, the total expenses of the Schemes, including Investment
Management and Advisory Fees, shall be subject to following limits as specified below:
First Rs. 100 Crs Next Rs. 300 Crs Next Rs. 300 Crs Over Rs. 700 Crs
2.50% 2.25% 2.00% 1.75%
In addition to total expense permissible within limits of Regulation 52(6)(c)(i) of SEBI (MF) Regulations
as above, the AMC may charge the following to the scheme in terms of Regulation 52(6A) of SEBI (MF)
Regulations.
(a) Additional expenses not exceeding of 0.30% of daily net assets may be charged to the Scheme, if the new inflows
from beyond top 30 cities* are at least (i) 30% of gross new inflows in the scheme or (ii) 15% of the average
assets under management (year to date) of the scheme, whichever is higher.
In case inflows from beyond such cities is less than the higher of (i) or (ii) mentioned above, such additional
expense on daily net assets of the scheme shall be charged on proportionate basis in accordance with SEBI
Circular no. CIR/IMD/DF/21/2012 dated September 13, 2012.
The expense so charged shall be utilised for distribution expenses incurred for bringing inflows from such cities.
However, the amount incurred as expense on account of inflows from such cities shall be credited back to the
scheme in case the said inflows are redeemed within a period of one year from the date of investment.
*Beyond Top 30 (B30) cities shall mean beyond top 30 cities based on Association of Mutual Funds in India (AMFI)
data on ‘AUM by Geography - Consolidated Data for Mutual Fund Industry’ as at the end of the previous financial
year.
(b) Brokerage and transaction costs incurred for the execution of trades and included in the cost of investment,
not exceeding 0.12 per cent of the value of trades in case of cash market transactions and 0.05 per cent of the
value of trades in case of derivatives transactions. Thus, in terms of SEBI circular CIR/IMD/DF/24/2012 dated
November 19, 2012, it is hereby clarified that the brokerage and transaction costs incurred for the execution of
trades may be capitalized to the extent of 0.12 per cent of the value of trades in case of cash market transactions
and 0.05 per cent of the value of trades in case of derivatives transactions. Any payment towards brokerage and
transaction costs (including service tax, if any) incurred for the execution of trades, over and above the said 0.12
per cent and 0.05 per cent for cash market transactions and derivatives transactions respectively may be charged
to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under Regulation 52 of the
SEBI (MF) Regulations.
(c) Additional expenses incurred towards different heads mentioned under Regulations 52(2) and 52(4) of SEBI (MF)
Regulations, not exceeding 0.20 per cent of daily net assets of the scheme.
Fund Manager Mr. Kunal Sangoi
Liquidity The Scheme will offer for purchase/ switch-in and redemption/ switch-out of units at NAV based prices on every
Business Day on an ongoing basis. The Mutual Fund shall dispatch the Redemption proceeds within 10 working days
from the date of acceptance of the Redemption request.
Minimum Application Purchase (including Switch-in): Rs.1000/-
Amount/ Number of Additional Purchase (including Switch-in): Rs. 1000/-
Units Repurchase: In multiples of Rs. 1/- or 0.001 units
7
Name of the Scheme Aditya Birla Sun Life India Opportunities Fund Aditya Birla Sun Life Digital India Fund
Plans/ Plans offered under the Scheme: The Scheme shall offer Regular Plan and Direct Plan** with a common portfolio
Options and Default and separate NAVs.
Plan/ Option/ Facility Options/Facility offered under Regular and Direct Plan :
• Dividend (Payout / Reinvestment / Sweep Facility)
• Growth
Default Option:
Dividend Reinvestment
Default Plan:
Investors are requested to note the following scenarios for the applicability of “Direct Plan or Regular Plan” for valid
applications received under the Scheme:
Scenario Broker Code mentioned by the investor Plan mentioned by the investor Default Plan to be captured
1 Not mentioned Not mentioned Direct Plan
2 Not mentioned Direct Direct Plan
3 Not mentioned Regular Direct Plan
4 Mentioned Direct Direct Plan
5 Direct Not Mentioned Direct Plan
6 Direct Regular Direct Plan
7 Mentioned Regular Regular Plan
8 Mentioned Not Mentioned Regular Plan
Number of Folios (as 19,955 14,564
on March 31, 2018)
Assets Under 163.23 115.93
Management (Rs. In
Crores)(As on March
31, 2018)
Actual expenses Regular Plan - 3.20% Regular Plan - 3.26%
charged (in %) as on Direct Plan - 2.15% Direct Plan - 2.21%
March 31, 2018
8
Annexure II
ADITYA BIRLA SUN LIFE INDIA OPPORTUNITIES FUND
(An Open ended Growth Scheme)
Portfolio as on March 31, 2018
Name of the Instrument ISIN Industry^ Quantity Market/Fair Value % to Net Assets
(Rs. in Lacs)
Equity & Equity related
(a) Listed / awaiting listing on Stock Exchanges
Infosys Limited INE009A01021 Software 100,000 1,131.80 6.93%
Honeywell Automation India Limited INE671A01010 Industrial Capital Goods 6,438 1,090.73 6.68%
Tech Mahindra Limited INE669C01036 Software 164,000 1,047.47 6.42%
HCL Technologies Limited INE860A01027 Software 100,000 968.60 5.93%
Sanofi India Limited INE058A01010 Pharmaceuticals 18,000 934.14 5.72%
WABCO India Limited INE342J01019 Auto Ancillaries 10,000 793.08 4.86%
KPIT Technologies Limited INE836A01035 Software 350,000 757.93 4.64%
Majesco Limited INE898S01029 Software 150,000 736.73 4.51%
Persistent Systems Limited INE262H01013 Software 100,000 694.05 4.25%
Sterlite Technologies Limited INE089C01029 Telecom - Equipment & 210,000 656.04 4.02%
Accessories
Sonata Software Limited INE269A01021 Software 200,000 625.80 3.83%
Bajaj Auto Limited INE917I01010 Auto 20,000 548.94 3.36%
Reliance Industries Limited INE002A01018 Petroleum Products 60,000 529.62 3.24%
Aurobindo Pharma Limited INE406A01037 Pharmaceuticals 80,000 446.28 2.73%
Sun Pharmaceutical Industries Limited INE044A01036 Pharmaceuticals 90,000 445.59 2.73%
AIA Engineering Limited INE212H01026 Industrial Products 30,000 432.42 2.65%
Cyient Limited INE136B01020 Software 60,000 416.91 2.55%
Dr. Reddy’s Laboratories Limited INE089A01023 Pharmaceuticals 18,000 374.50 2.29%
Hindustan Zinc Limited INE267A01025 Non - Ferrous Metals 115,000 345.63 2.12%
Hindalco Industries Limited INE038A01020 Non - Ferrous Metals 150,000 321.83 1.97%
Cummins India Limited INE298A01020 Industrial Products 44,000 308.11 1.89%
Arvind Limited INE034A01011 Textile Products 78,000 298.70 1.83%
CRISIL Limited INE007A01025 Finance 15,500 292.09 1.79%
Bharat Forge Limited INE465A01025 Industrial Products 40,000 279.86 1.71%
Vedanta Limited INE205A01025 Non - Ferrous Metals 90,000 250.07 1.53%
Lupin Limited INE326A01037 Pharmaceuticals 32,300 237.68 1.46%
Torrent Pharmaceuticals Limited INE685A01028 Pharmaceuticals 15,000 187.46 1.15%
K.P.R. Mill Limited INE930H01023 Textile Products 29,492 186.55 1.14%
Sub Total 15,338.61 93.97%
(b) Unlisted
Brillio Technologies Pvt Limited ** # INE763E01017 Miscellaneous 83,640 0.00 $0.00%
Sree Rama Polymer ** # Miscellaneous 100,000 0.00 $0.00%
Magnasound (I) Limited ** # Miscellaneous 75,000 0.00 $0.00%
Jainpur Straw Brd ** # INE146201012 Miscellaneous 100,000 0.00 $0.00%
Oriqua Limited ** # INE226001019 Miscellaneous 103,100 0.00 $0.00%
Sub Total 0.00 $0.00%
Total 15,338.61 93.97%
Others
CBLO / Reverse Repo
Clearing Corporation of India Ltd 988.67 6.06%
Sub Total 988.67 6.06%
Total 988.67 6.06%
Net Receivables / (Payables) (4.56) -0.03%
GRAND TOTAL 16,322.72 100.00%
** Thinly Traded / Non Traded Security
# Unlisted Security
$ Less Than 0.01% of Net Asset Value
^Industry classification as recommended by AMFI and wherever not available, internal classification has been used
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ADITYA BIRLA SUN LIFE DIGITAL INDIA FUND
(An open ended equity scheme investing in the Technology, Telecom, Media, Entertainment and other related ancillary sectors.)
Portfolio as on March 31, 2018
Name of the Instrument ISIN Industry^ Quantity Market/Fair Value % to Net Assets
(Rs. in Lacs)
Equity & Equity related
(a) Listed / awaiting listing on Stock Exchanges
Infosys Limited INE009A01021 Software 260,000 2,942.68 25.38%
HCL Technologies Limited INE860A01027 Software 110,000 1,065.46 9.19%
Tech Mahindra Limited INE669C01036 Software 162,000 1,034.69 8.93%
KPIT Technologies Limited INE836A01035 Software 300,000 649.65 5.60%
Tata Consultancy Services Limited INE467B01029 Software 22,100 629.66 5.43%
Sterlite Technologies Limited INE089C01029 Telecom - Equipment &
Accessories 180,000 562.32 4.85%
Majesco Limited INE898S01029 Software 110,000 540.27 4.66%
Dish TV India Limited INE836F01026 Media & Entertainment 700,000 498.75 4.30%
Bharti Airtel Limited INE397D01024 Telecom - Services 100,000 398.70 3.44%
Cyient Limited INE136B01020 Software 55,000 382.17 3.30%
Oracle Financial Services Software Limited INE881D01027 Software 10,000 374.54 3.23%
Persistent Systems Limited INE262H01013 Software 53,000 367.85 3.17%
Zee Entertainment Enterprises Limited INE256A01028 Media & Entertainment 50,000 287.75 2.48%
Tejas Networks Limited INE010J01012 Telecom - Equipment &
Accessories 77,239 282.42 2.44%
Sun TV Network Limited INE424H01027 Media & Entertainment 27,000 229.12 1.98%
Tata Communications Limited INE151A01013 Telecom - Services 35,000 217.05 1.87%
Redington (India) Limited INE891D01026 Transportation 130,000 190.84 1.65%
INOX Leisure Limited INE312H01016 Media & Entertainment 50,000 132.53 1.14%
Sonata Software Limited INE269A01021 Software 40,000 125.16 1.08%
Info Edge (India) Limited INE663F01024 Software 7,000 82.28 0.71%
Zee Entertainment Enterprises Limited (Preference Share) INE256A04022 Media & Entertainment 176,820 13.44 0.12%
Sub Total 11,007.33 94.95%
(b) Unlisted
Magnasound (I) Limited ** # Miscellaneous 150,000 0.00 $0.00%
Sub Total 0.00 $0.00%
Total 11,007.33 94.95%
Others
CBLO / Reverse Repo
Clearing Corporation of India Ltd 915.69 7.90%
Sub Total 915.69 7.90%
Total 915.69 7.90%
Net Receivables / (Payables) (330.22) -2.85%
GRAND TOTAL 11,592.80 100.00%
** Thinly Traded / Non Traded Security
# Unlisted Security
$ Less Than 0.01% of Net Asset Value
^Industry classification as recommended by AMFI and wherever not available, internal classification has been used
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