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The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Birla Sun Life Mutual Fund (BSLMF), securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America ("US") and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under the US Securities Act of 1933, as amended) and persons of Canada.

By entering this Website or accessing any data contained in this Website, I/We hereby confirm that I/We am/are not a U.S. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. I/We hereby confirm that I/We are not giving a false confirmation and/or disguising my/our country of residence. I/We confirm that Birla Sun Life Mutual Fund / Birla Sun Life Asset Management Company Limited (BSLAMC) is relying upon this confirmation and in no event shall the directors, officers, employees, trustees, agents of BSLAMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided.

Birla Sun Life Medium Term Plan

BSL Medium Term Plan






(An Open ended Income Scheme)
Two is always better then one.

Highlights:

  • Income with capital growth over medium to Long term
  • Investments in debt and money market instruments

 


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English    
 

When it comes to investing, traditional modes of investment may be a safe option. But when it comes to wealth-creation, the need is for a different approach. Or rather, a diversified one!
 
Birla Sun Life Medium Term Plan is one such scheme which aims to identify securities which offer high yields at lower levels of risk and selectively invest in them. The primary objective of the scheme is to generate regular income through investments in debt and money market instruments in order to make regular dividend payments to unit holders and its secondary objective, is to achieve growth of capital.
 
Highlights
 
In-depth credit research
 
Identifying opportunities
 
Accrual investment strategy
 
Factors supporting the need to invest in Birla Sun Life Medium Term Plan
 
• Consumer Price Index reduced by over 600 bps in the last two years and is expected to remain in a narrow band of 5-6%
• Wholesale Price Index is expected to rebound due to base effect in 2016; providing pricing impetus to corporate India
• CAD is expected to be in a reasonable and manageable range limit of 1-2%
• Base rate calculation has been made marginal cost of funding based; cuts may support both India Inc, as well as banks grappling with NPAs
• Public capex has been the key contributor to domestic demand growth in the last 12 months
• Employees expect wage hikes as per the 7th Pay Commission
• With a macro adjustment process being underway, the fiscal & monetary policy might eventually work towards driving the growth momentum
 
Investment Approach
 
Low / Moderate Duration
Credit Analysis & Portfolio Management
Accrual Strategy Portfolio
The credit spreads have already begun to widen after remaining at historical lows for a while. Hence, time is opportune to benefit from the still high absolute yields (AA, A segments) along with the opportunity of benefiting from the favourable spread movement.
Bonds' selection would be based on an in-depth credit research & evaluation to benefit from structuring of higher yields with balanced levels of risk.
The scheme intends to run an accrual in the portfolio which involves buying a bond and holding it till maturity, thereby primarily gaining from the accrued interest
 
How does Birla Sun Life Medium Term Plan work?
 
Consistent cash flow with variable credits
+
Trading / Capital
+
Credit Spreads
->
Potential Yields
Focus
Identifying reliable companies
 
Re-rating opportunities
Potential of re-rating opportunities in a relatively less understood credit space
 
Benefit
Mispriced credits lower down the credit curve
 
-
Seek
Build a balanced credit profile with high yields from a long-term perspective
 
Duration opportunities
Occasional duration opportunities across corporate bonds & G-Secs
 
Seek
Capitalise on spreads to improve portfolio YTM during comfortable rate & liquidity environment
 
An important element of active duration management is to consciously balance the credit risk vs.duration with quality maintained at all stages of actual investment process
 
The Scheme could benefit from the extensive Credit Research capabilities & Deal Structuring ability of Birla Sun Life Asset Management Company Limited
 
The Investment Philosophy
 
Stability
Liquidity
Diversification
Credit risk assessment process
Built on the premise of zero tolerance for default
Build
Self-liquidating portfolios
Focus
Controlled mismatch between asset-liability
Benefit
Mispriced credits lower down the credit curve
Assessment of key risks
Business (asset side) Financials (liability side) Management (integrity & capability)
Build
Sufficient portfolio quality to facilitate unanticipated liquidity generation
Focus
Big view (very long-term) Medium-term view (business cycle) Short-term view(seasonal view)
 
 
How does Birla Sun Life Medium Term Plan work?
 
BENCHMARK
CRISIL AA SHORT TERM BOND INDEX
Investment Objective
The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unit holders & its secondary objective is growth of capital.
For redemption / switchout of units after 365 days but before 730 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 730 days from the date of allotment: Nil.
Load Structure
Entry Load: Nil
Exit Load: For redemption / switch-out of units within 365 days from the date of allotment: 2.00% of applicable NAV.For redemption / switchout of units after 365 days but before 730 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 730 days from the date of allotment: Nil. **Exit Load is NIL for units issued in Dividend Reinvestment.
Duration
Normal portfolio duration range is 1– 5 years.
Suitable for investors with investment horizon of 24 months or upwards.
Plans/Options
The scheme will have Regular Plan and Direct Plan with a common portfolio and separate NAV's. Each of the above (Regular and Direct) Plan under the scheme will have the following options: (1) Growth Option (2) Dividend Option with Payout, Reinvestment and Sweep Facility (3) Quarterly Dividend Option with Payout and Reinvestment Facility and (4) Half Yearly Dividend Option with Payout and Reinvestment Facility
Min. Application Amt.
Minimum of Rs. 1000/- and in multiples of Re. 1/- thereafter.
 
For further details on the Scheme, investors can refer to Scheme Information Document and Key Information Memorandum on website of the Fund.
 
 
 

Disclaimer

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. The upfront commission, if any, on investment made by the investor shall be paid by the investor directly to the Distributor, based on his assessment of various factors including the service rendered by the Distributor.

Scheme Name Birla Sun Life Medium Term Plan
Nature of scheme An Open ended Income Scheme
Inception Date (Date Of Allotment) 25-March-2009
Scheme Objective

An income scheme that aims to optimize returns by identifying mispriced credit opportunities in medium term securities in the market and then selectively investing in them.

Asset Allocation
Instrument
Indicative Allotment
Risk Profile
Debt Instruments
0% to 100%
Low to Medium
Money Market Instruments
0% to 100%
Low to Medium
The portfolio of the scheme shall be subject to changes within the provisions of the Scheme Information Document (SID) of the scheme. Please refer to the SID for further details on asset allocation, investment strategy and scheme specific risk factors.
Investment Strategy

 

 
 
Fund Manager Mr. Maneesh Dangi and Ms. Sunaina Da Cunha
Investor Risk Profile Low to Medium
Investment Plans / Options
Retail Plan:
Quarterly Dividend (Payout and Reinvestment)
Half Yearly Dividend (Payout and Reinvestment)
Dividend (Payout, Reinvestment and Sweep)
Growth
Institutional Plan:
Quarterly Dividend (Payout and Reinvestment)
Half Yearly Dividend (Payout v Reinvestment)
Dividend (Payout, Reinvestment and Sweep)
Growth
Investment Option by default Choice of Plan: Retail Plan Choice of Option : Growth Choice of Facility: Fortnightly dividend Reinvestment Facility
Minimum subscription amount
Purchase (Including Switch-in): Rs. 5,000/- and in multiples of Rs. 1/- thereafter Additional Purchase (Including Switch-in): Rs. 1,000/- and in multiples of Rs. 1/- thereafter.
Minimum additional investment
Rs. 1,000/- and in multiples of Re. 1/- thereafter
Entry Load* Nil
Exit Load
In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.

Any redemption in excess of the above limit shall be subject to the following exit load:

For redemption / switch-out of units on or before 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.
Benchmark CRISIL Short Term Bond Fund Index
Indicative Dividend Calendar
 

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Historical NAV & Dividend

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Additional Products

Scheme Name Birla Sun Life Medium Term Plan
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Birla Sun Life Medium Term Plan

BSL Medium Term Plan


(An Open ended Income Scheme)

This product is suitable for investors who are seeking:
  • income with capital growth over medium to long term
  • investments in debt and money market instruments
investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Lead Management

Market Updates

NAVs

Dividends

Toll Free:1-800-270-7000
(MTNL/BSNL):1-800-22-7000
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Disclaimer

The views, opinions and recommendations mentioned herein are those of the Investment Advisor alone and should not be construed as investment advice to any party and are not necessarily those of Birla Sun Life Asset Management Company Ltd.(BSLAMC) or any of their officers, employees, personnel, directors and further, BSLAMC / its subsidiaries / affiliates / sponsors / trustee or their officers, employees, personnel, directors make no representation or warranty, express or implied, as to the accuracy, completeness or reliability of the content and shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of such information.

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