Launch of Birla Sun Life Focused Equity Fund – Series 5. The fund will be a Large cap diversified fund (3 year close ended) which will invest in the Top 100 companies by Market Capitalization. The NFO dates for the fund will be 20-Feb-2015 to 13-Mar-2015.
The fund is the fourth part in the RGESS series and has some of the following features:
ü The fund is a Large Cap diversified fund which focuses on creating value by investing in shares of handpicked companies from S&P BSE 100 and CNX 100. The fund can also invest in the PSU Navratna, Maharatna and Miniratna
ü It will have a close ended structure which allows the fund manager to follow a buy-and-hold strategy and stay invested in certain high-conviction ideas
ü An additional Tax Benefit for eligible RGESS investors to claim benefits under section (80CCG) of the Income Tax Act, 1961, over and above section 80C
Performance Track record
Below is the performance for BSL Focused Equity Fund Previous Series w.r.t benchmark.
| Scheme Name | Launch Date | Time since launch | Since Inception (in%) |
| Birla Sun Life Focused Equity Fund - Series 1 | 24-Feb-14 | 12 Months | 56.03 |
| Birla Sun Life Focused Equity Fund - Series 2 | 26-Mar-14 | 11 Months | 51.3 |
| Birla Sun Life Focused Equity Fund - Series 3 | 30-Oct-14 | 4 Months | 13.2 |
| Birla Sun Life Focused Equity Fund – Series 4 | 19-Nov-14 | 3 Months | 9.1 |
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
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