Aditya Birla Sun Life AMC Limited · Uncategorised · wound up

Aditya Birla Sun Life Frontline Equity Fund

uncategorised Regular plan, growth

At a glance

the fund as it stands today, from public disclosures

NAV

not priced

Regular plan, growth

1 year

not enough history

3 years

not enough history

5 years

not enough history

Since launch

not computed

Assets (AUM)

₹7 Cr

Mar 2011 AMFI quarterly average

Expense ratio, Direct / Regular

not disclosed

a year

Holdings

top ten are 47% of the fund · May 2025

Disclosed history

12 yrs

Apr 2013 – May 2025 · 1 of 11 checks could run

Fund managers

not parsed from the factsheets yet

All managers →

What only Anveshan can tell you

measured from the disclosures, not quoted from a brochure — each links to how it was done

P5Cost, measured

Cannot be measured: needs both a Direct and a Regular growth class.

The Regular and Direct plans hold the same portfolio; the Regular one pays a distributor out of your money every day. The gap between the two NAVs is that cost, measured from the NAVs rather than quoted from a document.

See how it is measured →

P7Whose record

Not known yet: no factsheet named a manager for this fund.

How long the people running it now have been running it, read from the monthly factsheets. A five-year record earned under someone else is not evidence about these managers.

See what is missing →

NAVTracking gap

Not replicated: the portfolio cannot be priced line by line in this build.

Each day, the NAV the fund published against the NAV its last disclosed portfolio would have produced at that day's prices. A gap that opens and stays is a change the fund has made and not disclosed yet.

See the daily gap →

P4Consistency

Not measurable yet: needs three years of NAV and a category median.

Take every three-year stretch since the fund had a NAV, one starting each month, and ask two things of each: did it beat the typical fund in its category, and by how much. Counting the wins tells you the record does not depend on when you happen to look; averaging the margin tells you whether winning often was worth anything, because four small wins do not pay for one large loss.

See every window →

NAV and drawdown

Regular plan, growth class

Month-end NAV, indexed to 100 at —

Not enough points to draw.

0 month-ends

Deepest fall (max drawdown)

not computed

Worst month

not computed

Days to recover

not computed

from the deepest trough back to the old high

Drawdown is measured on the last year of daily NAV; trailing returns are CAGR of the regular growth class. A single end date decides them — the consistency card (P4) below is the record that does not, and it reports both how often the fund beat its category and by how much, because the first without the second can point the wrong way.

Holdings

May 2025 disclosure · 85 lines · when each was first held and the change over the last three disclosures

#	Holding	Sector	Weight	First held	Held for	3-mo change
1	HDFC Bank Limited equity	Banks	8.27%	Sep 2019	5.8 yrs	-0.10%
2	ICICI Bank Limited equity	Banks	8.00%	Dec 2014	11 yrs	+0.43%
3	Infosys Limited equity	IT - Software	5.25%	Apr 2013	12 yrs	-1.19%
4	Reliance Industries Limited equity	Petroleum Products	5.13%	Apr 2013	12 yrs	+0.21%
5	Larsen & Toubro Limited equity	Construction	4.53%	Apr 2013	12 yrs	-0.02%
6	Bharti Airtel Limited equity	Telecom - Services	3.69%	Oct 2017	7.7 yrs	-0.11%
7	Axis Bank Limited equity	Banks	3.64%	Jul 2014	11 yrs	+0.50%
8	Kotak Mahindra Bank Limited equity	Banks	3.18%	Apr 2015	10 yrs	+0.35%
9	Mahindra & Mahindra Limited equity	Automobiles	2.69%	Feb 2015	10 yrs	-0.26%
10	ITC Limited equity	Diversified FMCG	2.43%	Apr 2013	12 yrs	-0.04%
11	NTPC Limited equity	Power	2.26%	Feb 2016	9.3 yrs	-0.29%
12	State Bank of India equity	Banks	2.25%	Nov 2014	11 yrs	-0.04%
13	Bajaj Finance Limited equity	Finance	2.07%	Sep 2016	8.8 yrs	-0.40%
14	Sun Pharmaceutical Industries Limited equity	Pharmaceuticals & Biotechnology	1.94%	May 2019	6.1 yrs	-0.38%
15	SBI Life Insurance Company Limited equity	Insurance	1.68%	Jun 2020	5.0 yrs	+0.17%
16	Maruti Suzuki India Limited equity	Automobiles	1.59%	Apr 2013	12 yrs	+0.03%
17	Eternal Limited equity	Retailing	1.59%	Jul 2021	3.9 yrs	+0.26%
18	HCL Technologies Limited equity	IT - Software	1.54%	Apr 2013	12 yrs	-0.14%
19	Cipla Limited equity	Pharmaceuticals & Biotechnology	1.45%	Nov 2019	5.6 yrs	-0.13%
20	InterGlobe Aviation Limited equity	Transport Services	1.41%	Sep 2022	2.8 yrs	+0.29%
21	Reverse Repo money market	—	1.41%	Mar 2025	3 mo	+1.41%
22	Godrej Consumer Products Limited equity	Personal Products	1.24%	Feb 2020	5.3 yrs	+0.32%
23	Titan Company Limited equity	Consumer Durables	1.22%	May 2014	11 yrs	+0.02%
24	UltraTech Cement Limited equity	Cement & Cement Products	1.21%	Nov 2019	5.6 yrs	-0.03%
25	Tech Mahindra Limited equity	IT - Software	1.12%	Mar 2015	10 yrs	+0.36%
26	Crompton Greaves Consumer Electricals Limited equity	Consumer Durables	1.12%	Mar 2016	9.3 yrs	-0.02%
27	Hindalco Industries Limited equity	Non - Ferrous Metals	1.07%	May 2016	9.1 yrs	-0.02%
28	Clearing Corporation of India Limited money market	—	1.06%	Jul 2021	3.9 yrs	-1.82%
29	Cholamandalam Investment and Finance Company Limited equity	Finance	1.03%	Jun 2019	6.0 yrs	+0.01%
30	GE Vernova T&D India Ltd equity	Electrical Equipment	1.02%	Sep 2024	9 mo	+0.18%
31	Apollo Hospitals Enterprise Limited equity	Healthcare Services	1.02%	Sep 2022	2.8 yrs	+0.22%
32	Bharat Petroleum Corporation Limited equity	Petroleum Products	0.89%	Jun 2020	5.0 yrs	+0.29%
33	DLF Limited equity	Realty	0.86%	Apr 2020	5.2 yrs	+0.10%
34	PNB Housing Finance Limited equity	Finance	0.84%	Aug 2024	10 mo	+0.37%
35	HDFC Life Insurance Company Limited equity	Insurance	0.84%	Jul 2024	11 mo	+0.25%
36	Bajaj Auto Limited equity	Automobiles	0.81%	Oct 2023	1.7 yrs	+0.06%
37	Akzo Nobel India Limited equity	Consumer Durables	0.80%	Sep 2013	12 yrs	-0.06%
38	Tata Consultancy Services Limited equity	IT - Software	0.77%	Sep 2020	4.8 yrs	+0.22%
39	Dabur India Limited equity	Personal Products	0.75%	May 2017	8.1 yrs	-0.26%
40	Tata Motors Limited equity	Automobiles	0.72%	Nov 2020	4.6 yrs	-0.49%
41	United Spirits Limited equity	Beverages	0.70%	May 2022	3.1 yrs	+0.05%
42	Whirlpool of India Limited equity	Consumer Durables	0.64%	May 2021	4.1 yrs	+0.09%
43	Bayer Cropscience Limited equity	Fertilizers & Agrochemicals	0.61%	Mar 2014	11 yrs	+0.02%
44	Britannia Industries Limited equity	Food Products	0.56%	Nov 2018	6.6 yrs	+0.12%
45	Shriram Finance Ltd equity	Finance	0.55%	Jan 2025	5 mo	-0.12%
46	Hindustan Unilever Limited equity	Diversified FMCG	0.54%	Jun 2015	10 yrs	-0.03%
47	Bharti Airtel Limited equity	Telecom - Services	0.54%	Oct 2021	3.7 yrs	+0.05%
48	Emami Limited equity	Personal Products	0.53%	Mar 2017	8.3 yrs	+0.01%
49	SANOFI CONSUMER HEALTHCARE equity	Pharmaceuticals & Biotechnology	0.53%	Jun 2024	1.0 yrs	+0.02%
50	Sanofi India Limited equity	Pharmaceuticals & Biotechnology	0.52%	Sep 2014	11 yrs	+0.04%
51	Vedanta Limited equity	Diversified Metals	0.50%	Jul 2024	11 mo	-0.01%
52	REC Limited equity	Finance	0.50%	Apr 2025	2 mo	+0.50%
53	Bandhan Bank Limited equity	Banks	0.50%	Jan 2022	3.4 yrs	+0.03%
54	TREPS / cash equivalents Net Receivables / (Payables) · cash equivalent	—	0.48%	Apr 2013	12 yrs	-0.20%
55	Samvardhana Motherson International Limited equity	Auto Components	0.47%	Mar 2023	2.3 yrs	+0.06%
56	TVS Motor Company Limited equity	Automobiles	0.47%	Jun 2021	4.0 yrs	+0.04%
57	Cummins India Limited equity	Industrial Products	0.42%	Apr 2013	12 yrs	+0.02%
58	TREPS / cash equivalents Margin (Future and Options) · etf unit	—	0.40%	Dec 2024	6 mo	+0.11%
59	Gland Pharma Limited equity	Pharmaceuticals & Biotechnology	0.38%	Apr 2022	3.2 yrs	-0.21%
60	Bajaj Finserv Limited equity	Finance	0.36%	Apr 2025	2 mo	+0.36%
61	Bharat Electronics Limited equity	Aerospace & Defense	0.35%	Jul 2023	1.9 yrs	+0.03%
62	Oil & Natural Gas Corporation Limited equity	Oil	0.34%	Jun 2021	4.0 yrs	-0.05%
63	Delhivery Ltd equity	Transport Services	0.31%	Jul 2024	11 mo	+0.06%
64	ADITYA BIRLA SUN LIFE NIFTY NEXT 50 ETF etf unit	—	0.30%	Nov 2021	3.6 yrs	-0.29%
65	Sobha Limited equity	Realty	0.28%	Jul 2024	11 mo	+0.01%
66	ACC Limited equity	Cement & Cement Products	0.28%	Aug 2015	9.8 yrs	-0.03%
67	Siemens Limited equity	Electrical Equipment	0.28%	Aug 2022	2.8 yrs	-0.23%
68	Honeywell Automation India Limited equity	Industrial Manufacturing	0.27%	Jul 2023	1.9 yrs	+0.00%
69	Avenue Supermarts Limited equity	Retailing	0.27%	Dec 2023	1.5 yrs	-0.06%
70	Aditya Birla Capital Limited equity	Finance	0.25%	Jul 2017	7.9 yrs	+0.05%
71	SIEMENS ENERGY INDIA LTD equity	Electrical Equipment	0.24%	Apr 2025	2 mo	+0.24%
72	Swiggy Ltd equity	Retailing	0.24%	Nov 2024	7 mo	-0.03%
73	Afcons Infrastructure Ltd equity	Construction	0.22%	Oct 2024	8 mo	-0.11%
74	Government of India (20/06/2027) government security	—	0.21%	Oct 2023	1.7 yrs	-0.02%
75	Ambuja Cements Limited equity	Cement & Cement Products	0.21%	Feb 2023	2.3 yrs	-0.06%
76	Zee Entertainment Enterprises Limited equity	Entertainment	0.20%	Apr 2022	3.2 yrs	+0.04%
77	Prestige Estates Projects Limited equity	Realty	0.20%	Sep 2024	9 mo	-0.17%
78	Hyundai Motor India Ltd equity	Automobiles	0.17%	Oct 2024	8 mo	-0.12%
79	182 DAYS T-BILL 05JUN25 government security	—	0.17%	Mar 2025	3 mo	+0.17%
80	364 DAYS T-BILL 12JUN25 government security	—	0.17%	Mar 2025	3 mo	+0.17%
81	91 DAYS T-BILL 03JUL25 government security	—	0.17%	Apr 2025	2 mo	+0.17%
82	IndusInd Bank Limited equity	Banks	0.13%	Mar 2025	3 mo	+0.13%
83	91 DTB 11Jul2025 government security	—	0.07%	Apr 2025	2 mo	+0.07%
84	ICICI Lombard General Insurance Company Limited equity	Insurance	0.06%	Mar 2025	3 mo	+0.06%
85	TREPS / cash equivalents Cash and Bank · etf unit	—	—	Feb 2015	10 yrs	—

Showing 1–85 of 85 rows per page10 25 50all

Largest sectors, May 2025 · grey: a year ago

Banks26.0% · 24.6%

IT - Software8.7% · 7.7%

Automobiles6.5% · 7.9%

Petroleum Products6.0% · 6.2%

Finance5.6% · 4.2%

Pharmaceuticals & Biotechnology4.8% · 4.8%

Construction4.8% · 5.1%

Telecom - Services4.2% · 4.0%

share of the book05%10%15%20%25%30%

By market cap, May 2025

Large cap77.9%

Mid cap5.9%

Small / micro cap6.0%

Cash & equivalents2.9%

Not classified5.8%

Other1.5%

share of the book025%50%75%100%

"Not classified" is what no cap tier could be inferred for — newly listed names, or lines without an ISIN.

Composition by market cap, month by month — what the fund actually held against what its label says

Large cap 78%
Mid cap 6%
Small / micro 6%
Cash & other 3%

The seven checks, in full

each: the plain claim, where it sits in the category, and — folded — how it is measured and the case against. A flag fires only where headline and record disagree.

P4 Consistency, not a single end date

Not measurable yet. Needs at least three years of month-end NAV and a category median; not computed for this fund yet.

What this means. Take every three-year stretch since the fund had a NAV, one starting each month, and ask two things of each: did it beat the typical fund in its category, and by how much. Counting the wins tells you the record does not depend on when you happen to look; averaging the margin tells you whether winning often was worth anything, because four small wins do not pay for one large loss.

How it is measured, and the case against

A fund that beats its category in most rolling three-year windows has a record; one that beats it in a few has an end date. How often it won and by how much are different questions, and this card answers both, because a fund can win four windows in five and still be behind across all five.

How often has it beaten its category, across every window?

Why this might matterRolling every three-year window forward month by month gives hundreds of overlapping observations instead of one. A single end date decides a headline five-year figure; the share of windows won cannot be flattered by when you happen to look. The average margin across every window is that share and the payoff multiplied together — win share x average beat plus loss share x average shortfall is exactly the average — so a high share bought with a few ruinous windows cannot hide behind the count.

Why it might notRolling windows overlap heavily, so they are not independent observations and the true sample is far smaller than the count suggests — the card says how many non-overlapping windows the same span holds, and it is usually a handful. A fund that changed manager or mandate carries a record that is only partly its own. The average margin is only as meaningful as the category: where a category is a grab bag (“Other ETFs” holds gold beside equity), a large shortfall says the comparison is wrong, not that the fund is. And none of this forecasts: our own study found the share of windows won does not predict the next three years, and weighting it by payoff gives no reason to think otherwise.

P5 Cost, measured

Not measurable yet. Needs a Direct and a Regular growth class with overlapping NAV history.

What this means. The Regular and Direct plans hold the same portfolio; the Regular one pays a distributor out of your money every day. The gap between the two NAVs is that cost, measured from the NAVs rather than quoted from a document.

How it is measured, and the case against

The Direct plan is the same portfolio, priced differently; the divergence of the two NAVs is the cost, measured rather than quoted.

What does the Regular plan actually cost against its Direct twin?

Why this might matterSame manager, same holdings, same day. The gap between the two NAV series is the one number on this page that is knowable today rather than hoped for, and it compounds for as long as the units are held.

Why it might notA Regular plan buys advice. If that advice stops someone selling in a drawdown it can be worth more than the fee — the cost is visible and the behavioural saving is not, which makes this comparison unfair in exactly one direction.

P1 Churn, and what it bought

Turns over 41% of the portfolio a year

What this means. How much of the portfolio was bought and sold in a year, computed from what the fund disclosed each month. Trading costs something certain; the extra return it is meant to buy is not.

No category distribution for this measure yet.

excess return per unit of turnoverneeds the category 1-year median — not computed yet

How it is measured, and the case against

Turnover measured from consecutive disclosures — Σ|Δweight|/2 — costs something certain; the excess return it is meant to buy is not.

Is the trading paying for itself?

Why this might matterAMCs define their own turnover figure inconsistently. This one is computed from what the fund disclosed month to month, so two funds are comparable on it. Read it beside the excess return per unit of turnover.

Why it might notTurnover computed from month-end snapshots misses everything bought and sold inside a month, and a fund forced to sell by redemptions is charged for churn it did not choose.

P2 Conviction or inertia

Typical top-10 holding kept 129 months

What this means. How long a typical top-10 position has been in the top ten. Long-held positions are a decision; a top ten that changes every quarter is a reaction.

No category distribution for this measure yet.

active sharenot yet computable — needs index constituent files

How it is measured, and the case against

The median months a top-10 position has been held separates a portfolio somebody chose from one that drifted.

How long does a top-10 position stay a top-10 position?

Why this might matterConcentration is how a manager expresses conviction, and persistence is how long they keep it. Long-held positions with a rising weight are a decision; a top ten that turns over every quarter is a reaction.

Why it might notPersistence without active share is inertia: a portfolio of 166 names that tracks its category closely has diversified away the reason to pay for it. Active share needs index constituent files, which are not loaded yet.

P3 Hit rate of the top ten

Not measurable yet. Detector not yet written: needs each disclosure's top ten joined to six months of forward prices. Holdings and prices are in hand.

What this means. Take each month's ten largest holdings and check whether each one beat the typical stock its category holds over the next six months, and by how much. A blended return can hide two wins and eight losses; a count of wins can hide one position that lost half its value.

How it is measured, and the case against

A manager's largest bets, judged one by one over the following six months, say more than the fund's blended return — and how far each one beat or missed the median stock says more than counting how many did.

Of its top-10 positions, how often did they beat the category-median stock?

Why this might matterA fund can beat its category on two positions and lose on eight; the hit rate shows the pattern the aggregate hides. The average margin then shows what the hit rate hides in turn: six winners worth a point each do not pay for four losers worth ten, and only the margin says which happened.

Why it might notSix months is short, sizing matters more than counting, and a manager who is right on the biggest position and wrong on nine small ones has done their job — the margins here are unweighted, so they answer the counting question better, not the sizing one. Overlapping disclosures judge the same position again each month it is held, so one long-held winner is counted many times. And this is a description of six months already past, not a forecast of the next six.

P6 Size against edge

₹7 Cr

What this means. Where the fund sits by size in its category, and how much of its growth was money arriving rather than the portfolio compounding. A very large fund cannot buy what a small one can; size should buy a lower fee in return.

No category distribution for this measure yet.

AUM, Jun 2010 → Mar 2011₹8 Cr → ₹7 Cr

Assets under management, ₹ crore, Jun 2010 – Mar 2011

4 points · months without a factsheet figure use AMFI's quarterly average

How it is measured, and the case against

Past a certain size the smaller end of a mandate becomes unreachable, and the fund starts to look like its index; what size should buy in return is a lower expense ratio.

Has the fund outgrown the universe it invests in — and did size buy a lower fee?

Why this might matterSize narrows what the manager can meaningfully hold and should lower what the investor pays. Read the AUM history beside the expense ratio: a fund that has tripled through inflows while its Regular-plan TER sits above the category median has kept the benefit of scale for the house. The flow decomposition says how much of the growth was money arriving rather than the portfolio compounding.

Why it might notScale funds research teams, and plenty of large funds have gone on compounding for decades. Inflows follow performance, so a fund growing fast is usually one that did well; the constraint is real but not automatically binding, and a TER is a ceiling the AMC can cut at any time.

P7 Whose record is this

Not measurable yet. Needs manager names from the monthly factsheet archive; none were parsed for this fund yet.

What this means. How long the people running it now have been running it, read from the monthly factsheets. A five-year record earned under someone else is not evidence about these managers.

How it is measured, and the case against

A record earned under different people is not evidence about these ones.

Does the displayed record predate the people running it?

Why this might matterA five-year figure on a fund whose longest-serving manager joined two years ago is the house's record more than the person's. The tenure here comes from what each monthly factsheet named, so a change of hands is dated to the month it was disclosed, and the fund's return against its category can be read over exactly those months.

Why it might notFund houses have processes, research desks and mandates that outlast individuals, so a manager change is not a reset. Co-managed funds attribute the same months to every named manager, and a factsheet names the manager of record, not necessarily the person making the calls.

Tracking gap

the NAV the fund published, against the NAV its last disclosed portfolio would have produced at each day's prices

No signal. Replication needs a fully disclosed domestic-equity portfolio and daily prices for every line; this fund has not been replicated in this build.

Share classes

latest NAV per AMFI code

Plan	Option	NAV	Date
regular Aditya Birla Sun Life Frontline Equity Fund-Plan B (Growth)	growth	₹—	—
regular Aditya Birla Sun Life Frontline Equity Fund-Plan B (Dividend)	idcw	₹—	—

The Direct / Regular gap, in rupees

This fund does not have both a Direct and a Regular growth class in the data, so the gap cannot be measured.

A Regular plan buys advice. The fee is visible and the behavioural saving is not; both are shown, neither is netted off.

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