Aditya Birla Sun Life AMC launches their newest of facilities to encourage the investors, Aditya Birla Sun Life Special Opportunities Fund which is an open-ended equity scheme following the theme of the special situation. Senior Fund Manager Anil Shah will manage the Aditya Birla Sun Life Special Opportunities Fund, which also brings with him nearly three decades of experience in investments and equity research. The fund management team also includes Vinod Bhat and Chanchal Khandelwal. The New Fund Offer (NFO) is open now and Oct 19 is fixed as the deadline for the subscription.
Balasubramanian (MD & CEO, Aditya Birla Sun Life AMC) said that the markets have a way for the stock pickers in offering them special opportunities. Sometimes it will favor value companies and sometimes growth companies. During uncertain times, even good companies get affected due to some reason or the other. Money managers have to take a close look at the hidden value that can be unlocked from these companies in times ahead. When backed by good management, these opportunities enhance the probability of success of these companies. An eager stock picker is always looking for such kind of potential opportunities. This fund will be run by a team that has tons of experience in identifying and investing in them and maintain a track record of identifying trends early on. He also said that they are already in a special situation market due to the unexpected nature of the times the world currently is in. The company believes that it is the right time to benefit from many special opportunities that exist today in terms of existing businesses adapting and evolving, new emerging trends, and a big consolidation in many industries that is underway.
The fund would have a focused portfolio through a bottom-up approach of stock selection based on the potential of growth in return on equity, prospects of future growth and scalability, size of the opportunity, and margin of safety. The portfolio will be market cap agnostic and sector.
Balasubramanian added that there is abundant liquidity which is favorable for equity markets which makes it the perfect time to look for these opportunities and come into this fund with an investment horizon of five years or more.