Birla Mutual Fund

Birla Analyst Review By Research Desk | Nov 28, 2007 | Email insure to a friend It stole the show in 1999 and hence dour into a meager side show for twain years. However, subsequently having been acquired by Birla Sun Life, the gunstock has evolved into a crocked instrument over the past few years This once hamper fund seems to be regaining its days of aureole scarce without the brashness of its youth. After a dazzling surgery of 280 per cen clock (1999) and a miserable two years (2001, 2002), it in a flash seems to be back on track. Like a chameleon, this one and only(a) always changed its colours. In its initial years, it was a dangerously rivet go with extreme concentration in few engineering stocks, followed by a stream of small holdings. It paid tally handsomely before falling in the doldrums. What followed (since 2003) were smaller portfolios of 30-35 stocks with the flat volt holdings consuming 35 per cent of the assets. This brought in the more than requisite sectoral diversity. A good move at this time was the denomination of the mid-cap rally early enough. In September 2005 the fund was acquired by Birla Sun Life. The natural consequence was a crossificant toning train of the aggression.

The number of stocks gradually rose to about 50 and the guide 5 holdings now add up to just about 20 per cent of the assets, which remain evenly spread crossways large- and mid-caps. Whats more, the fund manager does not hesitate to shift a considerable part of assets to cash at the first press of trouble. Despite this ongoing transformation, the fund has evolved to be a steady, well-diversified, multi-cap wear tha t has consistently beaten the category avera! ge. With erratic performances and concentrated portfolios creation a trend of the past, this fund is suitable to be among the affection center holdings of your portfolioIf you want to get a full essay, say it on our website: OrderEssay.net

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