Merger of Aditya Birla Sun Life Special Situations Fund, an Open ended Diversified Eq

20 Pages·2017·0.3 MB·English

April 17, 2018
Dear Valued Unitholder,
Re: Merger of Aditya Birla Sun Life Special Situations Fund, an Open ended Diversified Equity Scheme into Aditya Birla
Sun Life Equity Fund, an Open ended Growth Scheme.
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 Special Situations Fund, an open ended diversified equity Scheme, (hereinafter referred to as ‘Merging Scheme’) into
Aditya Birla Sun Life Equity Fund, an open ended growth scheme (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 record date for the proposed merger is Monday, May 21, 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.mutualfund.adityabirlacapital.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 Special Situations Fund into Aditya Birla Sun Life Equity Fund
is considered as change in the fundamental attributes of Aditya Birla Sun Life Special Situations 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 17, 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 April 19,
2018 till May 18, 2018 (both days inclusive and upto 3.00 pm on May 18, 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.mutualfund.
adityabirlacapital.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.
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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
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 May 18, 2018 would be deemed to have consented to the proposed merger and will be allotted units under the
respective plans/options of the Surviving Scheme at the NAV declared as on the close of business hours on 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 Special Situations Fund Aditya Birla Sun Life Equity Fund
Assumed NAV Units Held Valuation Securities Net Amount Assumed NAV Units to be Valuation
on Effective by Resident of holding Transaction to be invested on Record allotted on of holding
Date Investor of units on Tax @ in Date merger of units on
Record date 0.001% Aditya Birla Effective date
Sun Life
Equity Fund
(Rs.) Nos. (Rs.) (Rs.) (Rs.) (Rs.) Nos. (Rs.)
(A) (B) (A*B)=C D E F (E/F)=G (F*G)=H
30.00 1,000.00 30,000.00 Nil* 30,000.00 40 750.00 30,000.00
(30,000/40)
*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:
• 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.
• 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
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• 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 Equity Fund
to Aditya Birla Sun Life Special Situations 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 Special Situations 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 Equity 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.
(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 Special Situations Fund (Merging Scheme) and Aditya Birla Sun Life Equity Fund (Surviving Scheme)
are as follows:
Name of the Scheme Aditya Birla Sun Life Special Situations Fund Aditya Birla Sun Life Equity Fund
Type of the Scheme An Open ended Diversified Equity Scheme An Open ended Equity scheme investing across large cap
,mid cap, small cap stocks
Suitable for investors • Long term capital growth • Long term capital growth
who are seeking * • investments in equity and equity related securities by • investments in equity and equity related securities
following investment strategy that would take advantage
of Special Situations like buy backs, open offers,
demerger etc. & contrarian investment style.
*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 generate long-term An open-ended growth scheme with the objective of
growth of capital by investing in a portfolio of equity and long term growth of capital, through a portfolio with a
equity related securities. The Scheme would follow an target allocation of 90% equity and 10% debt and money
investment strategy that would take advantage of Special market securities.
Situations and Contrarian investment style.
Asset allocation and Under normal circumstances, the asset allocation pattern Under normal circumstances, the asset allocation pattern
Investment Pattern shall be as under: shall be as under:
(% age of investible corpus) (% age of investible corpus)
Instrument Risk Profile Range Instrument Target Range
Allocation
Equity and Equity Medium to 80%-100%
related Instruments* High Equity and Equity 90% 80%-100%
Related Instruments
Fixed Income Securities Low to 0%-20%
(including Money Medium Debt & Money Market 10% 0%-20%
Market Instruments (including
Instruments)** securitized debt)
* The Scheme may invest in Foreign equity securities The Fund Manager will review the portfolio for adherence
subject to the investment restrictions specified by SEBI / with the above asset allocation patterns and rebalance
RBI from time to time. Under normal circumstances, the them within 30 days to conform to the above limits.
Scheme shall not have an exposure of more than 25% of Investments may be made in listed or unlisted instruments.
its net assets in foreign securities, subject to regulatory Listed securities may be listed on any of the recognised
limits. Indian stock exchanges including the National Stock
** Investment in Securitised Debt papers may be made Exchange and the OTCEI. Investments may be made as
upto 5% of the net assets of the Scheme. secondary market purchases, initial public offers, private
• The Scheme may invest upto 50% of the net assets placements, negotiated investments, rights offers, etc.
of the scheme in such derivative instruments as may be The Mutual Fund under this Scheme may invest in non-
introduced from time to time for the purpose of hedging publicly offered debt securities (including convertible
and portfolio balancing. securities). The investments may have tenors that could
be short-term (i.e. less than one year) or long-term (i.e.
• The Scheme may undertake Stock Lending transactions
greater than one year). The Scheme reserves the right
within following limits:
to invest in newer investment products including foreign
i. Not more than 25% of the net assets can generally be securities (i.e. offshore investments) subject to approval
deployed in Stock Lending. of the Trustee Company and in compliance with the
ii. Not more than 5% of the net assets can generally be applicable SEBI Regulations. From time to time it is
deployed in Stock Lending to any single counter party. possible that the portfolio may hold cash.
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Name of the Scheme Aditya Birla Sun Life Special Situations Fund Aditya Birla Sun Life Equity Fund
Change in Asset Allocation The portion of the Scheme’s portfolio invested in each
Investments made by the Scheme would be in accordance type of security will vary in accordance with economic
with the investment objectives of the scheme and conditions, the general level of stock prices, interest
provisions of SEBI Regulations. Since investing requires rates and other relevant considerations, including the
disciplined risk management, the AMC would incorporate risks associated with each investment. The Scheme
adequate safeguards for controlling risks in the portfolio will, in order to reduce the risks associated with any one
construction process. The risk control process involves security, utilize a variety of investments and performance
reducing risks through portfolio diversification, taking care will depend on the Asset Management Company’s ability
however not to dilute returns in the process. The AMC to assess accurately and react to changing market
believes that this diversification would help achieve the conditions.
desired level of consistency in returns. The AMC aims to Not more than 5% of the net assets of the Scheme may
identify securities, which offer superior levels of yield at be invested in equity and equity-related securities that are
lower levels of risks. With the aim of controlling risks, the not listed on any stock exchange (including the OTCEI).
investment team of the AMC will carry out rigorous in- Any such investments will only be made if the Asset
depth analysis of the securities proposed to be invested Management Company believes that such securities may
in. The Scheme may also use various derivatives products be listed within a two-year period. This policy, however, is
for the purpose of hedging and portfolio balancing from not applicable to the Scheme’s acquisition of equity and
time to time, with an attempt to protect the value of equity-related securities in initial public offerings that at
the portfolio and enhance Unitholders’ interest, these the time of acquisition are not yet either listed or quoted
measures are expected to mitigate the above risks to a on any stock exchange, but pursuant to the terms of such
large extent, there can be no assurance that these risks initial public offering will be so listed. The Mutual Fund
would be completely eliminated. under this 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 Scheme’s net assets 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, the 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. In the
event investments made in unlisted equity and equity-
related securities and non-publicly offered debt securities
affect the ability of the Scheme to make redemption
payments within the stipulated time frame set forth
herein then redemption payments.
The Scheme also intends to participate in derivatives
trading within the equity component of 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 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 intends to invest in ADR/GDR of Indian
companies subject to a limit based on the net assets
of the Mutual Fund in accordance with SEBI Guidelines
issued from time to time
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
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Name of the Scheme Aditya Birla Sun Life Special Situations Fund Aditya Birla Sun Life Equity Fund
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.
Change in Asset Allocation
The above mentioned investment pattern is indicative
and may change for short duration.
Subject to the SEBI (MF) Regulations, the asset allocation
pattern indicated above may change from time to time,
keeping in view market conditions, market opportunities,
and political and economic factors. It must be clearly
understood that the percentages stated above are
only indicative and not absolute and that they can vary
substantially depending upon the perception of the
Investment Manager, the intention being at all times to
seek to protect the interests of the unit holders. Such
changes in the investment pattern will be for short term
and defensive considerations. However, due to market
conditions, the AMC may invest beyond the range set
out above. Such deviations shall normally be for a short-
term purpose only, for defensive considerations and
the intention being at all times to protect the interests
of the Unit Holders. The Fund Manager shall rebalance
the portfolio within 30 days from the date of deviation
to bring it in line with the asset allocation pattern as
indicated in this SID. Further, in case the rebalancing is
not done within the specified period, justification for the
same shall be provided to the Investment Committee and
the reason for the same shall be recorded in writing. The
Investment Committee shall then decide on the course
of action.
Provided further and subject to the above, any change in
the asset allocation affecting the investment profile of
the Scheme shall be effected only in accordance with the
provisions of sub regulation (15A) of Regulation 18 of the
SEBI (MF) Regulations.
Investment Strategy Special situations are out of the ordinary situations that The Scheme would adopt top-down and bottom-up
companies find themselves in from time to time. Such approach of investing and will aim at being diversified
situations present an investment opportunity to Fund across various industries and / or sectors and/ or market
Manager who can judge the implications of that opportunity capitalization. The investment emphasis of the scheme
that can unlock value for investors. would be on identifying companies with sound corporate
There could be many such situations that may have the managements and prospects of good future growth.
potential to unlock value of the companies. Some of these Essentially, the focus would be on stocks driven by long-
situations are- term fundamentals. However, short term opportunities
1. De – Mergers: Corporate actions often unlock a lot would also be seized, provided underlying values supports
of value for the investors. Demergers may result in these opportunities. A portion of the scheme will also be
separation / spin-off of business operation / activity invested in IPOs, emerging sectors, concept stocks and
from some other business operation / activity. There other primary market offerings that meet our investment
may be unlocking of value for an investor. criteria.
2. Mergers: Merger of businesses or companies may The scheme would invest a substantial portion of its
result in synergies in business activities. This may investible assets (80% - 100%) in equity and equity
result in value unlocking for the companies getting related instruments. Pending investment of the scheme
merged. may be invested in debt & money market instruments
3. Debt Structuring: There may be corporates that have and other liquid instruments or both. The scheme may
higher debt on their balance sheets resulting in lower have prudent exposure to Futures & Options (F&O) to
profitability and cash flows. The cost of debt may also capture opportunities arising out of market imperfection
be high resulting in reduced profitability. Any attempt and to hedge the portfolio, whenever necessary.
by the corporates to either reduce the debt burden or
swap the existing debt with lower cost options may
result in value unlocking.
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Name of the Scheme Aditya Birla Sun Life Special Situations Fund Aditya Birla Sun Life Equity Fund
4. Buy-Back: Companies may consider a buy-back of their Portfolio turnover
shares from the market due to various reasons like - The scheme has no explicit constraints either to maintain
company has substantial free reserves, management or limit the portfolio turnover. Portfolio turnover will
is confident of the future growth potential, meeting depend upon the circumstances prevalent at any time
with the regulatory norms, etc. and would also depend on the extent of volatility in the
These events may lead to value unlocking for the company. market and inflows/outflows in the scheme. The Fund
5. Other Situations: There could by many other Manager will however endeavour to maintain a low
events that may result in share price appreciation. portfolio turnover rate.
Situations like introduction of new products, new
segments, acquisition of new customers, R&D related
developments, management re-structuring, capital
infusion, revaluation of Fixed Assets, Properties
or other assets, etc. might result in a favorable
environment for stock price appreciation.
The scheme intends to carefully look at such special
situations and participate in them based on the potential
for stock appreciation.
Contrarian Investing: Strategy would comprise of
investing in companies that are currently out of favor,
overlooked or neglected due to temporary fallacies like
poor results, failure with regards to the product launch,
factor affecting the industry, political interventions, etc.
However, these companies may be fundamentally strong
but market may have failed to recognize their true potential.
The Scheme may invest in such undervalued companies to
take advantage of price appreciation.
Investment strategy would be to identify stocks based on
the above mentioned criteria and benefit from the event.
These events may or may not be time bound. Investment
strategies would include but not be limited to the above-
mentioned strategies. Scheme will be a style diversified
for an investor.
The Scheme may also invest in companies outside India,
to the extent permitted under and in accordance with
applicable regulations.
The Scheme would follow a bottom-up investment
approach, where investments will be selected based on
specific criteria relevant to the company. There will be no
bias towards size or sectors. Companies selected will be
analyzed taking into account the business fundamentals
like nature, stability of business, prospects of future growth
and scalability, financial discipline and returns, valuations in
relation to broad market and expected growth in earnings,
the company’s financial strength and track record, etc.
Benchmark S&P BSE 200
Inception date January 31, 2008 August 27, 1998
Entry Load Nil
Exit Load For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.
For redemption/switch out of units after 365 days from the date of allotment: Nil
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Name of the Scheme Aditya Birla Sun Life Special Situations Fund Aditya Birla Sun Life Equity Fund
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%
Further, as per Regulation 52(6)(b) of SEBI (MF) Regulations, in case of an index fund scheme, the total expenses of
the scheme including the investment management and advisory fees shall not exceed one and one half percent (1.5%)
of the daily net assets;
In addition to total expense permissible within limits of Regulation 52(6)(c)(i) and (b) 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.
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. Satyabrata Mohanty Mr. Anil Shah
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
Plans/ Options and Plans offered under the Scheme: The Scheme shall Plans offered under the Scheme: The Scheme shall
Default Plan/ Option/ offer Regular Plan and Direct Plan with a common portfolio offer Regular Plan and Direct Plan with a common portfolio
Facility and separate NAVs. and separate NAVs.
Options/Facility offered under Regular and Direct Options/Facility offered under Regular and Direct
Plan : Plan :
• Growth Option and • Growth Option and
• Dividend Option (Payout / Reinvestment / Sweep • Dividend Option (Payout / Reinvestment / Sweep
Facility) Facility)
Default Option: Default Option:
Growth Option (Reinvestment facility). Dividend Option (Reinvestment facility).
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Name of the Scheme Aditya Birla Sun Life Special Situations Fund Aditya Birla Sun Life Equity Fund
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 Plan mentioned by the Default Plan to be captured
investor investor
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 29,524 3,97,551
on March 31, 2018)
Assets Under Rs. 166.03 Rs. 8,503.00
Management (Rs. In
Crores) (as on March
31, 2018)
Actual expenses Regular Plan – 3.04% Regular Plan – 2.45%
charged (in %) as on Direct Plan – 2.29%- Direct Plan – 1.20%
March 31, 2018
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Annexure II
ADITYA BIRLA SUN LIFE SPECIAL SITUATIONS FUND
(An Open ended Diversified Equity 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
ICICI Bank Limited INE090A01021 Banks 319,000 887.94 5.35%
IndusInd Bank Limited INE095A01012 Banks 43,800 786.98 4.74%
HDFC Bank Limited INE040A01026 Banks 40,000 754.44 4.54%
Gujarat Alkalies and Chemicals Limited INE186A01019 Chemicals 107,300 749.54 4.51%
Muthoot Capital Services Limited INE296G01013 Finance 99,500 743.17 4.48%
Yes Bank Limited INE528G01027 Banks 234,260 714.14 4.30%
Infosys Limited INE009A01021 Software 62,020 701.94 4.23%
ITC Limited INE154A01025 Consumer Non Durables 250,000 638.75 3.85%
Maruti Suzuki India Limited INE585B01010 Auto 6,500 575.97 3.47%
Hindalco Industries Limited INE038A01020 Non - Ferrous Metals 233,060 500.03 3.01%
Satin Creditcare Network Limited INE836B01017 Finance 109,147 432.88 2.61%
Eicher Motors Limited INE066A01013 Auto 1,350 383.03 2.31%
CG Power and Industrial Solutions Limited INE067A01029 Industrial Capital Goods 466,000 361.62 2.18%
Chennai Petroleum Corporation Limited INE178A01016 Petroleum Products 110,028 360.18 2.17%
Bajaj Finance Limited INE296A01024 Finance 19,000 335.83 2.02%
Vedanta Limited INE205A01025 Non - Ferrous Metals 119,000 330.64 1.99%
Sterlite Technologies Limited INE089C01029 Telecom - Equipment & 102,200 319.27 1.92%
Accessories
Ashoka Buildcon Limited INE442H01029 Construction Project 120,000 298.14 1.80%
Bharat Forge Limited INE465A01025 Industrial Products 42,400 296.65 1.79%
GHCL Limited INE539A01019 Chemicals 111,300 287.65 1.73%
Tech Mahindra Limited INE669C01036 Software 43,300 276.56 1.67%
J.Kumar Infraprojects Limited INE576I01022 Construction 93,500 253.76 1.53%
Bharti Airtel Limited INE397D01024 Telecom - Services 62,200 247.99 1.49%
L&T Finance Holdings Limited INE498L01015 Finance 156,000 245.08 1.48%
Pfizer Limited INE182A01018 Pharmaceuticals 10,432 227.96 1.37%
Cyient Limited INE136B01020 Software 31,800 220.96 1.33%
Grasim Industries Limited INE047A01021 Cement 21,000 220.69 1.33%
Aurobindo Pharma Limited INE406A01037 Pharmaceuticals 39,300 219.24 1.32%
Motherson Sumi Systems Limited INE775A01035 Auto Ancillaries 70,500 219.22 1.32%
Shriram City Union Finance Limited INE722A01011 Finance 10,000 213.16 1.28%
Nestle India Limited INE239A01016 Consumer Non Durables 2,500 205.09 1.24%
Ashok Leyland Limited INE208A01029 Auto 141,000 205.08 1.24%
Dalmia Bharat Limited INE439L01019 Cement 7,000 201.19 1.21%
Britannia Industries Limited INE216A01022 Consumer Non Durables 4,000 198.82 1.20%
HCL Technologies Limited INE860A01027 Software 19,362 187.54 1.13%
GlaxoSmithKline Consumer Healthcare Limited INE264A01014 Consumer Non Durables 3,000 183.00 1.10%
Dr. Reddy’s Laboratories Limited INE089A01023 Pharmaceuticals 8,300 172.69 1.04%
Dabur India Limited INE016A01026 Consumer Non Durables 51,000 167.48 1.01%
Crompton Greaves Consumer Electricals Limited INE299U01018 Consumer Durables 70,000 165.73 1.00%
Nath Bio-Genes (India) Limited INE448G01010 Consumer Non Durables 40,000 164.44 0.99%
Bank of Baroda INE028A01039 Banks 110,000 156.53 0.94%
National Aluminium Company Limited INE139A01034 Non - Ferrous Metals 220,000 146.19 0.88%
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