It is an open-ended equity scheme investing primarily in mid-cap shares. The Aditya Birla Sun Life Midcap Fund scheme aims to generate long term capital growth at a managed risk level by investing mostly in midcap stocks to achieve higher returns from the target fund towards large and liquid stocks. To meet liquidity needs, a small portion of the portfolio can be invested in call and money market instruments.
Aditya Birla Sun Life Midcap Fund
- 93.05% investment in Indian stocks.
- 7.77% in large-cap stocks
- 59.52% in midcap stocks
- 19.7% in small-cap stocks.
Aditya Birla Sun Life Midcap Fund details
- Fund Type – Open-Ended
- Class – Equity
- Category – MidCap
- Min Investment – Rs. 1000/-
- Fund Manager – Mr. Jayesh Gandhi
- Latest NAV – 287.14 (as on 19-Feb-2020)
- Inception Date – Oct 04, 2002
- Fund Size- ₹ 2504.75 Cr
- Expense Ratio – 2.14%
- NAV – ₹ 287.14
What do you understand by risk?
Every investment comes with a risk. Risk is the uncertainty or fluctuation in investment value (and returns).
- High Risk = High Potential Return
- Low risk = stable, relatively low yields
Aditya Birla Sun Life Midcap Fund is suitable for investors who are seeking
- After the investment, you will get long term capital growth.
- Investing primarily in mid-cap firms.
- Investors want to invest money for at least 3-4 years and are looking for high returns. At the same time, these investors should also be prepared for the possibility of moderate losses in their investments.
Aditya Birla Sun Life Midcap Fund Management
Jayesh Gandhi is the fund manager of Aditya Birla Sun Life Midcap Fund. He has nearly 18 years of experience in Indian equities through equity, fixed income, and gold from market-cap groups, large-cap, mid-cap, and multi-asset funds.
Jayesh has been a member of ABSLAMC for over seven years, first as a fund manager between 2004 and 2007 and later in 2014. His previous work experience includes Morgan Stanley Investment Management Private Limited, where he was Executive Director and Lead Portfolio Manager Multicap / Midcap Strategies in India, and co-manager of Multi-Asset Strategies.
Jayesh is an ICAI Chartered Accountant, Chartered Financial Analyst from CFA Institute, USA, and Master in International Management from Thunderbird School of Global Management, USA. Jayesh also serves as an active volunteer for CFA Society India and has served as the President of the Society for five years, 2013-18, forming a group of over 50 volunteers across India.
Conclusion: The fund focuses solely on investing in mid-size firms. When you compare people investing in large companies, these funds tend to fall more when stock prices fall. In this scenario, you may consider tremendous returns over the long term, but there may be more severe fluctuations along the way. In this scheme, like all equity funds, you can invest through SIP route.