EMPOWER Monthly Factsheet July 2021 (Data as on 30th June 2021) HOW CAN A FAMILY PLAN AND ACHIEVE #WINWITHSIP MULTIPLE GOALS TOGETHER? Systematic Investment Plan For more details, refer to page no. 17 Mutual Funds Aditya Birla Sun Life Mutual Fund Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. INDEX Perspective by Mr. A. Balasubramanian 03 Aditya Birla Sun Life Flexi Cap Fund 54 Equity Outlook by Mr. Mahesh Patil 04 Aditya Birla Sun Life Equity Advantage Fund 55 Debt Outlook by Mr. Kaustubh Gupta 05 Aditya Birla Sun Life MNC Fund 56 Funds at a Glance & Product Labeling Disclosures 06 Aditya Birla Sun Life Midcap Fund 57 Tax Reckoner 14 Aditya Birla Sun Life Small Cap Fund 58 SIP, the stepping stone for your child’s education 16 Aditya Birla Sun Life Multi Cap Fund 59 How can a family plan and achieve multiple goals together? 17 Aditya Birla Sun Life Pure Value Fund 60 Different Solutions To Suit Your Various Needs 21 Aditya Birla Sun Life Manufacturing Equity Fund 61 Savings Solutions 22 Aditya Birla Sun Life Banking and Financial Services Fund 62 Aditya Birla Sun Life Overnight Fund 23 Aditya Birla Sun Life Dividend Yield Fund 63 Aditya Birla Sun Life Liquid Fund 24 Aditya Birla Sun Life Infrastructure Fund 64 Aditya Birla Sun Life Money Manager Fund 25 Aditya Birla Sun Life Digital India Fund 65 Aditya Birla Sun Life Low Duration Fund 26 Aditya Birla Sun Life India GenNext Fund 66 Aditya Birla Sun Life Savings Fund 27 Aditya Birla Sun Life International Equity Fund - Plan A 67 Aditya Birla Sun Life Floating Rate Fund 28 Aditya Birla Sun Life International Equity Fund - Plan B 68 Aditya Birla Sun Life Arbitrage Fund 29 Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan 69 Aditya Birla Sun Life Corporate Bond Fund 30 Aditya Birla Sun Life Global Emerging Opportunities Fund 70 Aditya Birla Sun Life Short Term Fund 31 Aditya Birla Sun Life Global Excellence Equity Fund of Fund 71 Aditya Birla Sun Life Banking & PSU Debt Fund 32 Aditya Birla Sun Life Gold Fund 72 Aditya Birla Sun Life Medium Term Plan Number of Segregated Portfolios – 1 33 Aditya Birla Sun Life Gold ETF 73 Aditya Birla Sun Life Credit Risk Fund Number of Segregated Portfolios – 1 34 Aditya Birla Sun Life Banking ETF 74 Aditya Birla Sun Life Dynamic Bond Fund Number of Segregated Portfolios – 1 35 Aditya Birla Sun Life Nifty ETF 75 Aditya Birla Sun Life Income Fund 36 Aditya Birla Sun Life Nifty Next 50 ETF 76 Aditya Birla Sun Life Government Securities Fund 37 Aditya Birla Sun Life Sensex ETF 77 Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme 38 Aditya Birla Sun Life Asset Allocator FoF 78 Aditya Birla Sun Life Financial Planning FOF - Conservative Plan 39 Aditya Birla Sun Life Financial Planning FOF-Aggressive Plan 79 Aditya Birla Sun Life Financial Planning FOF - Moderate Plan 40 Aditya Birla Sun Life Pharma & Healthcare Fund 80 Aditya Birla Sun Life Retirement Fund - The 50s Plus Debt Plan 41 Aditya Birla Sun Life Bal Bhavishya Yojna 81 Regular Income Solutions 42 Aditya Birla Sun Life Retirement Fund - The 30s Plan 82 Aditya Birla Sun Life Regular Savings Fund 43 Aditya Birla Sun Life Retirement Fund - The 40s Plan 83 Tax Savings Solutions 44 Aditya Birla Sun Life Retirement Fund - The 50s Plan 84 Aditya Birla Sun Life Tax Relief ‘96 45 Aditya Birla Sun Life PSU Equity Fund 85 Aditya Birla Sun Life Tax Plan 46 Aditya Birla Sun Life Special Opportunities Fund 86 Wealth Solutions 47 Aditya Birla Sun Life ESG Fund 87 Aditya Birla Sun Life Equity Savings Fund 48 Close Ended Scheme Performance 88 Aditya Birla Sun Life Balanced Advantage Fund 49 Fund Manager Wise Scheme Details 89 Aditya Birla Sun Life Equity Hybrid ‘95 Fund 50 Portfolios 90 Aditya Birla Sun Life Index Fund 51 Industry Allocation 110 Aditya Birla Sun Life Frontline Equity Fund 52 Glossary Page 115 Aditya Birla Sun Life Focused Equity Fund 53 www.facebook.com/abcabslmf https://twitter.com/abcabslmf https://mutualfund.adityabirlacapital.com 2 Dear All, In the last quarter, we witnessed another period of uncertainty due to the second wave of Covid-19 which turned out to be worse than the first wave. It was a very challenging time for the whole country. I pray to the Almighty to give humanity all the strength to overcome these tough times and emerge stronger than ever. It is heartening to see the monetary, regulatory and fiscal policy measures and guidance provided by the Government has helped stabilise markets and maintain economic and financial stability. The partial lockdowns have resulted in breaking the chain of transmission and creating a sense of caution amongst public at large. I felt that public discipline and cooperation with authorities was far better than the previous lockdown. I salute all the government officials, frontline workers and Covid Warriors for all their tireless and selfless service towards humanity and the country. There was some initial disruption, but we can see economic recovery take shape with pent up demand likely to come back soon. The RBI has been taking proactive measures since the outbreak and has promised to do whatever it takes to support the economy. The recent economic commentary from RBI has been positive and this has provided some comfort to the financial market and businesses across the country. I appreciate the efforts of the Honourable RBI Governor for injecting liquidity into the system which today stands at the highest in history. This abundant liquidity has resulted in interest rates coming down and increase the credit extended to support entities impacted by the pandemic. The Honourable Finance Minister has been extending support to the MSMEs time and again through various measures. Recently, she has increased the allocation to the MSME credit guarantee scheme which has created confidence in the banks to carry out lending activities during these stressful times. All these measures have created optimism in the stock market which is pushing it to touch new highs. There has been an ongoing debate whether the high valuations achieved by the equity market is sustainable or a result of irrational exuberance. While the question is valid when looked at in the light of uncertain economic fundamentals, in my experience the market has always moved based on future expectations of economic recovery. Also, this time around across the globe, we have witnessed swift actions being taken to support economic recovery. This has helped global markets bounce back on hopes of quick economic recovery on account of pent-up demand and higher savings. This should result in higher earnings for the businesses and subsequently bring back employment levels to normal. As more and more of the population is vaccinated, we should see the broader economy opening sooner than expected. The Government will provide higher stimulus to enable increased infrastructure and industrial spending which should further boost economic recovery. In the world of investing, people have now started choosing stocks that will benefit from the opening of economy. All these factors should keep the stock market buoyant and result in a long-term bull scenario. As investors, one should focus on the long-term picture, maintain asset allocation and stay invested. Regards, A. Balasubramanian MD & CEO, Aditya Birla Sun Life AMC Limited www.facebook.com/abcabslmf https://twitter.com/abcabslmf https://mutualfund.adityabirlacapital.com 3 Global equity markets took a breather in June due to concerns of increasing inflation in the US, seemingly hawkish tilt by the US Fed, and strengthening Dollar. However, 1-Yr returns continue to remain strong. US markets are at all-time highs and India continues to be amongst the best performing markets. Globally, mobility and economic indicators are showing a strong recovery with both manufacturing and services firing. Strong demand recovery has led to higher commodity prices, which along with supply disruptions, have contributed to increasing inflation. However, rising inflation is seen to be transitory and Central Banks are expected to maintain an accommodative stance. Earnings estimates are being upgraded. Strong growth, loose monetary policy, and excess liquidity are boosting global equity markets to all-time highs. In India, 2nd Covid wave has peaked out. Pace of vaccinations is rising which is positive for consumer and business sentiment. Mobility and economic indicators are on an uptrend and impact of 2nd wave is less than feared. Monsoons are normal thus far which is good for the rural economy. India now has Increased linkages to global growth and fund flows. Consequently, exports are showing robust growth. India has seen a steady acceleration in Foreign Direct Investment (FDI) inflows and forex reserves are at an all-time high. In addition, fiscal policy remains pro-Growth with the mix of expenditure skewed to Capex and monetary policy would remain accommodative till economic recovery is secured. Reforms momentum has also picked up pace which should lead to higher productivity. Especially, the Production Linked Incentive (PLI) Scheme should boost large scale domestic manufacturing of goods to bring about import substitution and increase global market penetration. India is one of the few large economies to see favourable demographics which gives us a competitive advantage. Overall, India’s economy should come back on track by FY23 to its trend growth of 6-7% YoY. This should also lead to a turnaround in corporate profits. Globally, earnings estimates are being upgraded on the back of strong economic recovery. In the past, recovery years which followed sharp earnings drawdowns saw very strong EPS growth. Importantly, consensus projections ended up being revised higher during those recovery years.