Birla Sun Life Advantage Fund

Birla Sun Life Advantage fund is managed by Satyabrata Mohanty since October 2011. The fund has seen frequent change of fund managers in the recent past. Birla Sun Life Advantage fund has been an unsatisfactory performer. You can skip this fund for investment. If you hold units in this fund you will do well to exit and invest in a better performing fund.

Where does Birla Sun Life Advantage Fund invest your money?

Birla Sun Life Advantage Fund is a large cap fund which means most of your money will be invested in giant and large companies. And just to give to the kicker returns the fund has some exposure in mid cap companies and small cap companies as well. Large cap companies tend to be stable compared to mid and small companies. Birla Sun Life Advantage has 54.65% exposure to giant and large size companies, 37.14 exposure to mid size companies and 6.15% in small companies.

Suitable for what?
  • Child's Education
  • Child's Marriage
  • Planning for Retirement
  • Buying a house 
Not Suitable for?
  • Creation of wealth
  • Short term Needs
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
How has Birla Sun Life Advantage Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched at Feb 1995, your value of investments would be around Rs 15.18 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.06 lakhs. The performance in the last five years has not been better or similar to other large cap mutual funds. The fund has been giving only around 1.31 % every year for those who stayed invested for last 5 years.

Assume you had invested Rs 10,000 every month in Birla Sun Life Advantage through SIP for the past 5 years today you would have around Rs 7.11 lakhs.

What charges apply?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within 7 days an exit load of 0.50% is deducted from your total returns. No exit load applies for units withdrawn post that. Expense ratio of Birla Sun Life Advantage Fund is 2.81%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you do not withdraw within 1 year. Birla Sun Life Advantage does not qualify for sec 80C ELSS benefits.

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