Birla Sun Life Top 100 Fund

Various funds have different objectives, and Birla Sun Life Top 30 Fund seeks to create wealth for the investors in the long term by investing in equity.

This large cap focused fund invests in the top 30 companies in India according to their market capitalization. The investment is made in equity and equity related securities.

The highlights of the fund are:

• Capital growth over the long term.
• Choice of the top 30 companies in terms of market capitalization for investments in equity and equity-related securities.

Investing in large companies leads to greater opportunities for wealth creation. As these companies are well-known, there is stable growth with safety compared to mid-cap and small-cap funds. This fund is meant for investors who are interested in established companies with a long-term track record.

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Being a large-cap fund, Birla Sun Life Top 100 Fund has the highest investment in large cap funds.

• Date of inception: 24th October 2005

• CRISIL rank: As of June 30th 2019, the fund has a 3 star rating in the focussed mutual fund category.

• Plans: There are two plans, namely Regular and Direct. Under the Regular plan, you invest online or offline through registered intermediaries. Under the Direct plan, you invest directly without the assistance of an independent financial advisor. You save the commission in the direct plan, and that is why you get a higher NAV.

• Options: There are two investment options, dividend and growth. Under the dividend option, dividends are paid out as and when they accrue. This results in a fall in the NAV. Under the growth option, your NAV goes up over time.

• Schemes: The schemes you can choose from are the growth, dividend, direct growth, and direct dividend option. The growth and dividend plan can be invested in through intermediaries like banks or mutual fund agents.

• Entry Load: There is no entry load.

• Exit Load: There is an exit load of 1% if the fund is redeemed or switched before 365 days since the allotment date. Units issued under the bonus and dividend reinvestment do not attract an exit load.

• Minimum Investment: You can invest in this fund with a minimum amount of Rs. 1000. You need to invest Rs. 1000 at least for any additional purchases. Repurchase is made in multiples of Re. 1.

• SIP: The minimum amount that you can invest through an SIP is Rs. 1000.

• Product Label: The fund is considered moderately high-risk. The target investors are those who seek long-term appreciation of capital by investing in a portfolio of top 30 companies according to market capitalization.

• Benchmark: The performance of the fund is measured against the Nifty 50TRI. This index comprises fifty well-diversified stocks. There are 23 sectors included in it. The index is important when measuring the performance of fund portfolios, index funds, or index-based derivatives. The Indian index services and Products Limited owns and manages the index.

• STP: Systematic Transfer Plan or STP can be made on a daily basis from this fund.

• Redemption: This is done in ten working days from the date of receipt of the request for redemption.

• Taxation: Being an equity mutual fund, there are two types of gains that occur. They are short and long-term capital gains. If you redeem them before a year, you will have to pay short-term capital gains and taxed at 15%. On the other hand, if you redeem it after a year, you will pay long-term capital gains tax. The long-term capital gains over Rs. 1 lakh will be taxed at 10%.

Aditya Birla Sun Life Focused Equity Fund Erstwhile Top Holdings of Birla Sun Life Top 100 Fund

Erstwhile Birla Sun Life Top 100 Fund)

You can invest in the Birla Sun Life Top 100 Fund online or offline. Whether you invest online or offline, you will need to submit certain documents along with your application form.

• Application form: You will need to fill up more than one application form while investing in a mutual fund. The first form would be required for investing in the fund, the next fund would be for starting a systematic investment plan or SIP, and the ECS form will have to be filled up for transferring funds electronically. Some companies may require you to fill out a Risk Profile Form.

• KYC compliance: Verification of your PAN will be required as per Know Your Customer or KYC norms if you want to invest in a mutual fund. Your KYC compliance can be checked at the CDSL Ventures website. KYC registration can also be done at this website. If you are already KYC compliant, then a KYC acknowledgement letter or copy of the page showing KYC compliance needs to be submitted. If you are not KYC compliant, then you need to fill up the KYC application form along with a passport-size photograph.

• Proof of identity: The documents which are acceptable as proof of identity are your PAN card, Aadhaar, Passport, Driving license, Voter's ID card, or any ID card issued by the Central/State government.

• Proof of address: The documents that can be submitted as address proof are Aadhaar, driving license, sale agreement of residence, insurance copy, flat maintenance bill or Passport.

• Investing for minors: When you are investing on behalf of minors, a third party declaration form needs to be submitted.

• Non-individuals like companies, HUF, or trusts: Apart from the documents mentioned, you would require the Certificate of Registration, Memorandum and Article of Association, address proof, Resolution of Board of Directors, Deed of declaration, of HUF or Trust Deeds.

When these documents are ready, you can open a mutual fund account which suits your risk appetite and financial goals.