Wealth Plan:

It offers an opportunity to invest predominantly (at least 65%) in equity and equity-related securities across the market cap and sectors, and the remaining portion (i.e. up to 35%) of the total assets in fixed income instruments (including Money Market Securities and securitized debt upto a maximum of 35%).

The Wealth Plan will benchmark its performance against the S&P BSE 200 index. Given the skew to equity and equity-related instruments, the Wealth Plan is suitable for risk-takers and those who have an investment time horizon of at least 5-7 years.

Savings Plan:

Under the Savings Plan, the Scheme will function as a debt-oriented hybrid fund, that can invest up to 75-90% in debt instruments and money market securities (including securitized debt up to a maximum of 50%), and the remaining in equity and equity related instruments and Units issued by REITs and InvITs.

Debt-oriented hybrid funds are less volatile than pure equity and aggressive hybrid funds from the risk-return point. It offers to generate income and capital appreciation as per its asset allocation to equity and debt instruments. Hence it is suitable for investors who have a conservative approach and an investment horizon of 3-5 years. The Savings Plan will benchmark its performance against CRISIL Hybrid 85+15 Conservative Index.

Table 1: NFO Details

Type	An open-ended fund for investment for children having a lock-in for at least 5 years or till the child attains the age of majority (whichever is earlier)			Category	Special solution-oriented scheme (children's fund)
Investment Objective	Wealth Plan: To seek generation of capital appreciation by creating a portfolio that is predominantly investing in equity & equity related securities and debt and money market instruments. Savings Plan: To generate income and capital appreciation by predominantly investing in a diversified portfolio of debt and money market securities along with equity and equity related instruments. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes' objectives will be achieved.
Min Investment	Rs 5,000 and in multiples of Re 1 thereafter			Face Value	Rs 10 per unit
Investment Plans	Wealth Savings	Plans	Direct Regular	Options	Growth* Dividend (Reinvestment & Pay-out) *Default option
Entry Load	Not Applicable			Exit Load	Nil
Fund Manager	Mr Ajay Garg and Mr Pranay Sinha			Benchmark Index	Wealth Plan – S&P BSE 200 Savings Plan – CRISIL Hybrid 85+15 Conservative Index
Issue Opens	January 22, 2019			Issue Closes:	February 05, 2019

(Source: Scheme Information Document)

How will Aditya Birla Sun Life Bal Bhavishya Yojana (ABSLBBY) allocate its assets?

Under normal circumstances, the asset allocation of the Scheme will be as follows

Table 2a:ABSLBBY’s Asset Allocation for Wealth Plan:

Instruments	Indicative allocation (% of total assets) (Minimum-Maximum)	Risk Profile
Equities and Equity related instruments	65 to 100	Medium to High
Fixed Income Securities (including Money Market Securities and securitized debt up to a maximum of 35%)	0 to 35	Low to Medium
Units issued by REITs and InvITs	0 to 10	Medium to High

(Source: Scheme Information Document)

Table 2b:ABSLBBY's Asset Allocation for Savings Plan:

Instruments	Indicative allocation (% of total assets) (Minimum-Maximum)	Risk Profile
Debt & Money Market Securities (including securitized debt up to a maximum of 50%)	75 to 90	Low to Medium
Equities and Equity related instruments	10 to 25	Medium to High
Units issued by REITs and InvITs	0 to 10	Medium to High

(Source: Scheme Information Document)

Further, the Scheme Information document states:

The Scheme may also invest up to 50% of the portfolio (i.e. net assets including cash) in such derivative instruments as may be introduced from time to time subject to framework specified by SEBI, for the purpose of hedging and portfolio balancing and other uses as may be permitted under SEBI Regulations

Under normal circumstances, the Scheme shall not have an exposure of more than 25% of its net assets in foreign securities. However, the AMC with a view to protecting the interests of the investors may increase exposure in foreign securities as deemed fit from time to time.

The Scheme intends to invest in repo in corporate debt securities.

The Scheme will not invest in Credit Default Swaps and Securities lending/short selling.

What will be the Investment Strategy?

Wealth Plan:

Predominantly is an equity-oriented Plan, the strategy aims to invest in a well-diversified portfolio of equity and equity-related securities along with debt and money market instruments. The fund manager proposes to concentrate on business and economic fundamentals driven by in-depth research techniques and employing the full potential of the research team at the AMC.

The stock selection process proposed to be adopted is generally a bottom-up approach seeking to identify companies with long term sustainable competitive advantage. The plan would also use a top-down discipline by ensuring representation of companies from all key sectors in respective benchmarks.

The Plan's investment universe shall comprise all listed and/or unlisted stocks. The scheme has no explicit constraints either to maintain or limit the portfolio turnover. Portfolio turnover will depend upon the circumstances prevalent at any time and on the extent of volatility in the market and inflows/outflows in the scheme.

The Plan also invests in various debt securities and money market instruments issued by corporate and/or state and central government with the aim to control volatility and providing cash flows on a continuous basis. Rigorous in-depth credit evaluation of the securities proposed to be invested in will be carried out by the investment team of the AMC for its fixed-income investments.

In addition, the Investment Team of the AMC studies the macroeconomic conditions, including the political, economic environment and factors affecting liquidity and interest rates.

Savings Plan:

The Plan predominantly invests in Debt and Money Market Instruments and would seek to generate regular returns. It also invests a portion of its assets in equity and equity related instruments to seek capital appreciation.

As per the asset allocation pattern, the Plan invests in various debt securities and money market instruments issued by corporates and/or state and central government. With the aim of controlling risks, rigorous in-depth credit evaluation of the instruments proposed to be invested in is carried out by the Investment Team of the AMC.

The credit evaluation includes a study of the operating environment of the company, the past track record as well as the prospects of the issuer, the short as well as long-term financial health of the issuer. The AMC is also guided by the ratings of rating agencies such as CRISIL, CARE and ICRA or any other rating agency as approved by the regulators.

In addition, the Investment Team of the AMC studies the macroeconomic conditions, including the political, economic environment and factors affecting liquidity and interest rates. The AMC use this analysis to attempt to predict the likely direction of interest rates and position the portfolio appropriately to take advantage of the same.

The strategy also aims to invest in a well-diversified portfolio of equity and equity-related securities. The stock selection process proposed to be adopted is generally a bottom-up approach seeking to identify companies with long term sustainable competitive advantage. The fund would also use a top-down discipline by ensuring representation of companies from all key sectors.

The fund manager in selecting scrips shall focus on the fundamentals of the business, the industry structure, the quality of management, sensitivity to economic factors, the financial strength of the company and the key earnings drivers.

Who will manage Aditya Birla Sun Life Bal Bhavishya Yojana?

The scheme will be managed by Mr Ajay Garg and Mr Pranay Sinha.

Mr Ajay Garg holds a bachelors’ degree in electronics engineering and is an MBA (Finance) with an overall work experience of 24 years in the financial services industry.

He is working with the fund house since January 2003. Prior to this, he worked with Birla Sun Life Securities Ltd.

Currently, at the fund house, some of the other schemes he manages are Aditya Birla Sun Life MNC Fund, Aditya Birla Sun Life Index Fund, Aditya Birla Sun Life Dual Advantage Fund - Series I, Aditya Birla Sun Life Tax Relief ’96, Aditya Birla Sun Life Tax Plan.

Mr Pranay Sinha has a B. Tech degree in Aerospace Engineering from IIT Kharagpur and an MBA (in Finance) from IIM Kolkata. He has an overall experience of around 12 years in the financial markets. Prior to joining the fund house, he worked as a Trader - Interest Rates in BNP Paribas Bank for 4+ years.  He also worked with Morgan Stanley Investment Management Private Limited and ICICI Prudential Asset Management Company Limited.            

Currently at the fund house, the schemes he manages are Aditya Birla Sun Life Equity Hybrid '95 Fund, Aditya Birla Sun Life Government Securities Fund, Aditya Birla Sun Life Dynamic Bond Fund, Aditya Birla Sun Life Gold ETF, Aditya Birla Sun Life Income Fund, Aditya Birla Sun Life Regular Savings, Aditya Birla Sun Life Equity Savings Fund and Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme.

The outlook for Aditya Birla Sun Life Bal Bhavishya Yojana

As mentioned earlier, ABSLBBY is an open-ended special solution-oriented scheme that aims to help secure the child’s future.

The main purpose of this Scheme is to help parent/ grandparents plan for their children/grandchildren’s future needs – mainly education and wedding expenses.

ABSLBBY under Wealth plan, although expected to hold a well-diversified portfolio of equity and equity-related instruments, the fortune of the Wealth Plan will be closely linked to the how the fund manager constructs the portfolio and the performance of the equity market. The current environment, seem challenging ahead of 2019 Lok Sabha elections. The mid & small cap space is expected to be more volatile than the large cap. Reporting healthy earnings growth for these market capitalisation segments will be crucial. Plus, the global macroeconomic conditions will have a bearing on the Indian equity market.

Likewise, the performance of the Savings Plan will be hinged on inflation, how the government manages the fiscal deficit targets, policy rates, ratings of debt papers and consequent impacts on yields, and benchmark rates, among a host of other factors. So, there’s risk involved in the Savings Plan too.   

Broadly, the performance of the Scheme will depend on the fund managers to recognize the challenges and opportunities in the Indian equity and debt market.

[Read: Skip NFOs, Instead Consider Building A Strategic Mutual Fund Portfolio]

PS: If you wish to take a calculated risk and invest in equity funds, PersonalFN can help you pick hidden gems or lesser-known funds that are capable of generating big gains for you.

PersonalFN has released a report 5 Undiscovered Equity Funds especially for investors like you.

These undiscovered funds can help you counter inflation by a substantial margin. Subscribe today!

DISCLOSURE AS PER SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) REGULATIONS, 2014  

About the Company including business activity 

Quantum Information Services Private Limited (QIS) was incorporated on December 19, 1989.

QIS was promoted by Mr. Ajit Dayal with an objective of providing value-based information / views on news related to equity markets, the economy in general, sector analysis, budget review and various personal products and investments options available to the Public. It was the first company to start equity research on an institutional level.

'PersonalFN' is a service brand of QIS and was started in the year 1999. In 1999, the Company registered the Domain name www.personalfn.com for providing information on mutual funds and personal financial planning, financial markets in general, etc. and services related to financial planning and research in various financial instruments including mutual funds, insurance and fixed income products to customers. It offers asset allocation and researched investment recommendations through its financial planning services.

Quantum Information Services Private Limited (QIS) is registered as Investment Adviser under SEBI (Investment Adviser) Regulations, 2013 and having Registration No.: INA000000680. In terms of second proviso to Regulation 3 (1) of SEBI (Research Analysts) Regulations, 2014 the Company is not required to obtain Certificate of registration from SEBI.

Disciplinary history

There are no outstanding litigations against the Company, it subsidiaries and its Directors.

Terms and condition on which its offer research report 

For the terms and condition for research report click here.

Details of associates

1. Money Simplified Services Private Limited;

2. PersonalFN Insurance Services India Private Limited ;

3. Equitymaster Agora Research Private Limited;

4. Common Sense Living Private Limited;

5. Quantum Advisors Private Limited;

6. Quantum Asset Management Company Private Limited;

7. HelpYourNGO.com India Private Limited;

8. HelpYourNGO Foundation;

9. Natural Streets for Performing Arts Foundation;

10. Primary Real Estate Advisors Private Limited;

11. HYNGO India Private Limited;

12. Rahul Goel;

13. I V Subramaniam.

Disclosure with regard to ownership and material conflicts of interest

1. ‘subject company’ is a company on which a buy/sell/hold view or target price is given/changed in this Research Report;

2. Neither QIS, it's Associates, Research Analyst or his/her relative have any financial interest in the subject Company;

3. Neither QIS, it's Associates, Research Analyst or his/her relative have actual/beneficial ownership of one per cent or more securities of the subject Company, at the end of the month immediately preceding the date of publication of the research report;

4. Neither QIS, it's Associates, Research Analyst or his/her relative has any other material conflict of interest at the time of publication of the research report except that QIS (PersonalFN) is, as per SEBI (Mutual Funds) Regulations 1996, an associate / group Company of Quantum Asset Management Company Private Limited and Trustees and Sponsor of Quantum Mutual Fund (QMF) and to that extent there may be conflict of interest while recommending any schemes of QMF. However, any such recommendation or reference made is based on the standard evaluation and selection process, which applies uniformly for all Mutual Fund Schemes. The payment of commission (upfront / annualized & trail), if any, for any Schemes by QMF to QIS (PersonalFN) is also at arm's length and as per prevailing market practices.

 Disclosure with regard to receipt of Compensation

1. Neither QIS nor it's Associates have received any compensation from the subject Company in the past twelve months;

2. Neither QIS nor it's Associates have managed or co-managed public offering of securities for the subject Company;

3. Neither QIS nor it's Associates have received any compensation for investment banking or merchant banking or brokerage services from the subject Company;

4. Neither QIS nor it's Associates have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months.

5. Neither QIS nor it's Associates have received any compensation or other benefits from the subject Company or third party in connection with the research report

 General disclosure

1. The Research Analyst has not served as an officer, director or employee of the subject Company.

2. QIS or the Research Analyst has not been engaged in market making activity for the subject Company.

Definitions of Terms Used

1. Buy recommendation:This means that the subscriber could consider buying the concerned fund keeping in mind the tenure and objective of the recommendation service.

2. Hold recommendation:This means that the subscriber could consider holding on to the fund until further update. However, additional purchase via ongoing SIP can be considered.

3. Sell recommendation: This means that the subscriber could consider selling the fund keeping in mind the objective of the recommendation service.

Click here to read PersonalFN’s Mutual Fund Rating Methodology

Quantum Information Services Private Limited CIN: U65990MH1989PTC054667 Regd. Office: 103, Regent Chambers, 1st Floor, Nariman Point, Mumbai - 400 021 Corp. Office: 103, Regent Chambers, 1st Floor, Nariman Point, Mumbai - 400 021. Email: info@personalfn.com Website: www.personalfn.com Tel.: 022 61361200 Fax.: 022 61361222

SEBI-registered Investment Adviser. Registration No. INA000000680, SEBI (Investment Advisers) Regulation, 2013

Add Comments

Comments
damerasrikanth5@gmail.com May 13, 2019 pls give the information of bala bhavisya yojana fixed deposit details at the same s i p details also i want

 1