Dear Sir, We thank you for your investment in Birla Sun Life Mutual Fund ( BSLMF ).

Transcription

1 Dear Sir, We thank you for your investment in Birla Sun Life Mutual Fund ( BSLMF ). We wish to inform you that your scheme - Birla Sun Life Capital Protection Oriented Fund Series 19 (A Close ended Capital Protection Oriented Scheme) is due for maturity on Thursday, March 02, In accordance with the proviso laid in Regulation 33(4) of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 ( SEBI Regulation ), as amended till date, it is proposed for Resetting the maturity (i.e. extend the maturity) of the Scheme, for a further period of 34 days. In case, you prefer to remain invested, to get the benefit of indexation, we request you to kindly fill Annexure I and submit this before close of business hours of Thursday, March 02, In line with SEBI Regulations, BSLMF has to redeem the investments in the scheme and credit the amount on maturity if there is no communication received from your end. We have hereby enclosed the Annexures detailing the application form, scheme features and portfolio with this letter, which will help you make your transaction for the roll-over (Re-setting of Maturity Date). Alternatively, you can also the duly signed consent document (Scanned Annexure I) from your registered id at BSLAMC.Invest@birlasunlife.com Regards, Birla Sun Life Asset Management Company Limited

2 ANNEXURE I CONSENT FORM FOR RESETTING (EXTENSION) OF MATURITY DATE Date To, Birla Sun Life Mutual Fund, One India Bulls Centre, Tower 1, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai Sub: Resetting the maturity date for (Name of the scheme) I/We have read and understood the features and terms of resetting the maturity of the captioned scheme. I/We hereby express my/our consent to the resetting of the maturity for the following units / amount: Name of the Unit Holder(s) (Unit holder) (1 st Joint Unit holder) (2 nd Joint Unit Holder) FOLIONO/DEMATACCOUNT NO. AMOUNT/UNITS [Pleasetickappropriatebox] AllUnits OR (to befilledonlyincaseofconsentforextensionofpartialunits / amount) Units Amountin. /- Signature(s)[Pleasesignaspermodeof holding] Sole/FirstUnitHolder SecondUnitHolder ThirdUnitHolder I/We hereby agree and confirm that (i) the declaration(s) furnished by me/us to Birla Sun Life Asset Management Company Limited/ Birla Sun Life Trustee Co. Pvt. Ltd. under the initial Application Form for the Scheme shall continue to be binding on me/us in respect of this Application for Resetting the maturity request and (ii) I/We have read and understood the contents of the letter intimating the Resetting the maturity of the Scheme.(iii) The ARN holder (AMFI registered Distributor) has disclosed to me / us all the commissions (in the form of trail commission or any other mode), payable to him/them for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us. I/WE HEREBY CONFIRM THAT I/WE HAVE NOT BEEN OFFERED / COMMUINCATED ANY INDICATIVE PORTFOLIO AND/OR ANY INDICATIVE YIELD BY THE FUND/AMC/ITS DISTRIBUTOR FOR THIS INVESTMENT. Note: The approval slip can be submitted either at the nearest branch of Birla Sun Life Asset Management Company Ltd. or at any of the Investor service centers of Computer Age Management Services Private Limited on or before the timeline as specified in the addendum / letter to unit holder intimating resetting of maturity of the above Scheme.

3 Annexure II The Terms of Resetting the maturity (extension of maturity) and other features of the Scheme are as follows: Name Product labelling of the Scheme TypeoftheSche me Birla Sun Life Capital Protection Oriented Fund Series 19 This product is suitable for investors who are seeking: capital protection and capital appreciation linked to equity market at the end of medium term investments in highest rated debt and money market instruments maturing on or before the tenure of the scheme and equity and equity related securities low risk (BLUE) Note: Risk is represented as: (BLUE ) investors understan d that their principal will be at low risk (YELLOW)investo rs understand that their principal will be at medium risk (BROW N) investors understand that their principal will be at high risk A Close ended Capital Protection Oriented Scheme Birla Sun Life Capital Protection Oriented Fund Series 19 This product is suitable for investors who are seeking: capital protection and capital appreciation linked to equity market at the end of long term investments in highest rated debt and money market instruments maturing on or before the tenure of the scheme and equity and equity related securities A Close ended Capital Protection Oriented Scheme MaturityProvisi on Purpose of extension The scheme will have duration/tenure of 1093 days from and including the date of allotment. Maturity Date: March 02, 2017 The scheme will have duration/tenure of 1127 days from and including the date of allotment. Maturity Date: April 05, 2017 Re-setting of maturity will provide 4 years indexation benefits; hence Birla Sun Life Mutual Fund believes that it is in the interest of the investors to remain invested in fund for a further period of 34 days. Asset Allocation Table Instrument Debt Securities and Money Market instruments Equity and Equity Related Instruments# Normal Allocation (% of total assets) Minimum Maximum Risk Profile 80% 100% Low to medium 0% 20% High Instrument Debt Securities and Money Market instruments Normal Allocation (% of total assets) Minimu m Maximu m Risk Profile 70% 100% Low to mediu m

4 The scheme shall invest only in such securities which mature on or before the date of the maturity of the scheme. In case of securities with put options, the maturity shall be reckoned with respect to the final maturity date and not the put option date. Further, debt component of the portfolio will have highest investment grade rating. #Including derivatives instruments as permitted vide SEBI Circular no. DNPD/Cir 29/2005 dated September 14, 2005 and SEBI Circular No. DNPD/Cir-30/2006 dated January 20, 2006, SEBI circular No. SEBI/DNPD/Cir- 31/2006 dated September 22, 2006 and SEBI Circular No. Cir/ IMD/ DF/ 11/ 2010 dated August 18, The Scheme may use derivatives purely for the purpose of hedging and portfolio balancing and subject to guidelines issued by SEBI from time to time. In accordance with SEBI Circular No. Cir/ IMD/ DF/ 11/ 2010 dated August 18, 2010, the cumulative gross exposure through equity, debt and derivative positions shall not exceed 100% of the net assets of the scheme. The scheme will not invest in Foreign Securities, repo in corporate debt securities, Securitised Debt and/or Credit Default Swaps. The scheme shall not engage in securities lending/short Selling. The Fund will diversify its debt portfolio across instruments with various rating agencies. The following criteria will be used for selecting the portfolio securities: Equity and Equity Related Instruments # 0% 30% High The scheme shall invest only in such securities which mature on or before the date of the maturity of the scheme. In case of securities with put options, the maturity shall be reckoned with respect to the final maturity date and not the put option date. Further, debt component of the portfolio will have highest investment grade rating. #Including derivatives instruments as permitted vide SEBI Circular no. DNPD/Cir 29/2005 dated September 14, 2005 and SEBI Circular No. DNPD/Cir-30/2006 dated January 20, 2006, SEBI circular No. SEBI/DNPD/Cir- 31/2006 dated September 22, 2006 and SEBI Circular No. Cir/ IMD/ DF/ 11/ 2010 dated August 18, The Scheme may use derivatives purely for the purpose of hedging and portfolio balancing and subject to guidelines issued by SEBI from time to time. In accordance with SEBI Circular No. Cir/ IMD/ DF/ 11/ 2010 dated August 18, 2010, the cumulative gross exposure through equity, debt and derivative positions shall not exceed 100% of the net assets of the scheme. The scheme will not invest in Foreign Securities, repo in corporate debt securities, Securitised Debt and/or Credit Default Swaps. The scheme shall not engage in securities lending/short Selling. The Portfolio will not invest more than 20% of total portfolio value in instruments rated by CARE, as CARE has rated this Fund. However, the above restriction shall not apply to investments in PSU Bonds (entities where GOI holding is over 51%). The remaining fixed income portfolio (other than Money Market Instruments) will be invested in securities that are rated by a rating agency other than the one which The Fund will diversify its debt portfolio across instruments with various rating agencies. The following criteria will be used for selecting the portfolio securities: The Portfolio will not invest more than 20% of total portfolio value in instruments rated by CARE, as CARE has rated this Fund. However, the above restriction shall not apply to investments in PSU Bonds

5 has rated the Fund. The yield of purchase shall not be more than 100 bps over CRISIL & ICRA Bond *AAA* Matrix level. Further, the scheme shall consider positive and negative list of issuers as decided in accordance with Credit policy of AMC. For further details please refer Section on Risk Control Strategies as appearing on page 8 of this SID. Further, CARE, while assigning CARE AAAmfs(SO) rating to the scheme has assumed initial debt levels (i.e. minimum allocation in debt securities and money market instruments). CARE has provided below stated initial indicative asset mix (Debt : Equity) basis the tenure of the schemes: Tenure / Duration of scheme Upto to to to 60 Debt and Equity Money Market Instruments 87% - 92% 8% - 13% 84% - 89% 11% - 16% 77% - 84% 16% - 23% 65% - 74% 26% - 35% Capital protection is intended to be provided solely through the fixed income part of the portfolio and the allocation towards the same shall, inter alia, be a function of the interest rates prevailing at the time of launch of the scheme.the asset allocation of the fixed income portfolio of the scheme shall not be less than the minimum percentage of allocation specified by CARE to achieve capital protection orientation objective of the scheme. (entities where GOI holding is over 51%). The remaining fixed income portfolio (other than Money Market Instruments) will be invested in securities that are rated by a rating agency other than the one which has rated the Fund. The yield of purchase shall not be more than 100 bps over CRISIL & ICRA Bond *AAA* Matrix level. Further, the scheme shall consider positive and negative list of issuers as decided in accordance with Credit policy of AMC. For further details please refer Section on Risk Control Strategies as appearing on page 8 of this SID. Further, CARE, while assigning CARE AAAmfs (SO) rating to the scheme has assumed initial debt levels (i.e. minimum allocation in debt securities and money market instruments). CARE has provided below stated initial indicative asset mix (Debt : Equity) basis the tenure of the schemes: Tenure / Duration of scheme Upto to to to 60 Debt and Equity Money Market Instruments 87% - 92% 8% - 13% 84% - 89% 11% - 16% 77% - 84% 16% - 23% 65% - 74% 26% - 35% Capital protection is intended to be provided solely through the fixed income part of the portfolio and the allocation towards the same shall, inter alia, be a function of the interest rates prevailing at the time of launch of the scheme.the asset allocation of the fixed income portfolio of the scheme shall not be less than the minimum percentage of allocation specified by CARE to achieve capital protection orientation objective of the scheme. Benchmark Index CRISIL MIP Blended Index CRISIL MIP Blended Index.

6 Intended portfolio allocation Instruments A1+ / P1+ Credit Rating AA A Not Applicabl e CDs 0-5% - - CPs 0-5% - - NCDs Government Securities/ Treasury Bills/ CBLO / Reverse Repos (on Government Securities/Treasur y Bills) Equity and Equity Related Securities Mutual Fund Schemes % % % % (i) Debt component of the portfolio will have highest investment grade rating. (ii) All investments shall be made based on rating prevalent at the time of investment. Where any paper is having dual rating (rated differently by more than one rating agency) then for the purpose of meeting intended range the most conservative publicly available rating would be considered e.g. if the paper is rated AAA by one rating agency and AA by the other, then, the paper will be treated as AA rated paper for complying with intended portfolio range. (iii) In case of non-availability of and taking into account the risk-reward analysis of CPs / NCDs; the scheme may invest in Bank CDs having highest ratings (i.e. A1+ or equivalent) or CBLOs / Government Securities / T-Bills. (iv) At the time of building the portfolio post NFO and towards the maturity of the scheme, there may be a higher allocation to cash and cash equivalent. (v) Further, the above allocation may vary during the duration of the Scheme. Some of these instances are: (i) coupon inflow; (ii) the instrument is called or bought back by the issuer (iii) in anticipation of any adverse credit event etc. In case of such deviations, the Scheme may invest in Bank CDs having highest ratings (i.e. A1+ or equivalent) / - Instruments A1+/ P1+ Credit Rating AAA Not Applicable CDs 0-5% - - CPs 0-5% - - NCDs - 0-5% - Government Securities/ Treasury Bills/ CBLO / Reverse Repos (on Government Securities/Treasury Bills) Equity and Equity Related Securities Mutual Fund Schemes % % % (i) Debt component of the portfolio will have highest investment grade rating. (ii) All investments shall be made based on rating prevalent at the time of investment. Where any paper is having dual rating (rated differently by more than one rating agency) then for the purpose of meeting intended range the most conservative publicly available rating would be considered e.g. if the paper is rated AAA by one rating agency and AA by the other, then, the paper will be treated as AA rated paper for complying with intended portfolio range. (iii) In case of non-availability of and taking into account the risk-reward analysis of CPs / NCDs; the scheme may invest in Bank CDs having highest ratings (i.e. A1+ or equivalent) or CBLOs / Government Securities / T-Bills. (iv) At the time of building the portfolio towards the maturity of the scheme, there may be a higher allocation to cash and cash equivalent. (v) Further, the above allocation may vary during the duration of the Scheme. Some of these instances are: (i) coupon inflow; (ii) the instrument is called or bought back by the issuer (iii) in anticipation of any adverse credit event etc. In case of such deviations, the Scheme may invest in Bank CDs having highest ratings (i.e. A1+ or equivalent) / CBLOs / Government Securities / T-Bills.

7 CBLOs / Government Securities / T-Bills. (vi) Further, if due to market action the value of equity shares appreciates / depreciates resulting in breach of the above specified limits, the fund manager may not rebalance the portfolio and may run with the ongoing exposure. Further, in line with investment strategy, where the fund manager sells portion of equity shares in portfolio and considers to reinvest/redeploy such proceeds, the upper limit of the intended range w.r.t investment in equity and equity related instruments as above shall not be applicable and such breach may continue, provided the reinvestment / redeployment is made only in equity shares to the extent of sales proceeds realised from such sell transaction(s). Further, the said proceeds realised out of such sell transaction may be invested in Bank CDs having highest ratings (i.e. A1+ or equivalent) or CBLOs / Government Securities / T-Bills for period of 30 days from and including the date of such sell transaction if in the opinion of the Fund Manager the general market conditions are not favourable and/or suitable investment opportunities are not available for deployment of funds into equity shares. For any investments to be made post expiry of such 30 days into equity and equity related instruments, the intended range as specified above shall be adhered to. (vii) Change in Asset Allocation: Further, in the event of any deviations below the minimum limits or beyond the maximum limits as specified in the above table, the Fund Manager shall review and rebalance the portfolio within 30 days from the date of said deviation (provided such deviation is not too close to maturity of the scheme). Accordingly, investors should note that there will not be any variation between the intended portfolio allocation and the final portfolio allocation apart from the exceptions as mentioned under clauses (iii), (iv), (v), (vi) and (vii) above. (viii) Disclosure for investments in unrated debt securities and derivatives: The Scheme shall not invest in unrated debt instruments. For this purpose, unrated debt securities shall exclude instruments such as CBLO, Reverse Repo, short term deposits to which rating is not applicable. The scheme may invest in equity derivatives purely for (vi) Further, if due to market action the value of equity shares appreciates / depreciates resulting in breach of the above specified limits, the fund manager may not rebalance the portfolio and may run with the ongoing exposure. Further, in line with investment strategy, where the fund manager sells portion of equity shares in portfolio and considers to reinvest/redeploy such proceeds, the upper limit of the intended range w.r.t investment in equity and equity related instruments as above shall not be applicable and such breach may continue, provided the reinvestment / redeployment is made only in equity shares to the extent of sales proceeds realised from such sell transaction(s). Further, the said proceeds realised out of such sell transaction may be invested in Bank CDs having highest ratings (i.e. A1+ or equivalent) or CBLOs / Government Securities / T-Bills for period of 30 days from and including the date of such sell transaction if in the opinion of the Fund Manager the general market conditions are not favourable and/or suitable investment opportunities are not available for deployment of funds into equity shares. For any investments to be made post expiry of such 30 days into equity and equity related instruments, the intended range as specified above shall be adhered to. (vii) Change in Asset Allocation: Further, in the event of any deviations below the minimum limits or beyond the maximum limits as specified in the above table, the Fund Manager shall review and rebalance the portfolio within 30 days from the date of said deviation (provided such deviation is not too close to maturity of the scheme). Accordingly, investors should note that there will not be any variation between the intended portfolio allocation and the final portfolio allocation apart from the exceptions as mentioned under clauses (iii), (iv), (v), (vi) and (vii) above. (viii) Disclosure for investments in unrated debt securities and derivatives: The Scheme shall not invest in unrated debt instruments. For this purpose, unrated debt securities shall exclude instruments such as CBLO, Reverse Repo, short term deposits

8 the purpose of hedging and portfolio balancing and subject to guidelines issued by SEBI from time to time. Further, in accordance with SEBI Circular No. Cir/ IMD/ DF/ 11/ 2010 dated August 18, 2010, the cumulative gross exposure through equity, debt and derivative positions shall not exceed 100% of the net assets of the scheme. Further, the Fund manager shall at all times endeavour that the capital remains protected on maturity and ensure that the rating of the Scheme is not adversely affected. to which rating is not applicable. The scheme may invest in equity derivatives purely for the purpose of hedging and portfolio balancing and subject to guidelines issued by SEBI from time to time. Further, in accordance with SEBI Circular No. Cir/ IMD/ DF/ 11/ 2010 dated August 18, 2010, the cumulative gross exposure through equity, debt and derivative positions shall not exceed 100% of the net assets of the scheme. Further, the Fund manager shall at all times endeavour that the capital remains protected on maturity and ensure that the rating of the Scheme is not adversely affected. ThePortfolioStatementoftheSchemeason January 31, 2017isdisclosedinAnnexureIII. All other features of the Scheme would remain unchanged after Re-setting the maturity. The duly filled application for Re-setting the maturity request should be submitted at the Official Points of Acceptance of Birla Sun Life Asset Management Company Limited, ( AMC ) on or before close of business hours of Thursday, March 02, Unitholder(s) who do not submit the duly filled consent form within the aforesaid timelines will receive the redemption proceeds based on applicable NAV as on March 02, 2017, original maturity date of the Scheme. The Resetting of the maturity will be done only for those Unitholders who expressly provide their written consent to Birla Sun Life Mutual Fund by signing the application form provided in Annexure I. In view of the individual nature of the implications, each Unit holder is advised to consult his or her own tax advisors / financial advisors with respect to the specific amount of tax and other implications arising out of his or her participation in the Resetting the maturity of the Plan. The Trustee / AMC reserves the right to change / modify the provisions mentioned above at a later date. NetAssetandNetAssetValueoftheSchemeason January 31, 2017 Plan Regular Plan Direct Plan Net Assets (Rs. in crore) Option Growth Growth Net Asset Value (NAV) (Rs. per unit) The Scheme Information Document of the Scheme is available on the website We look forward to your continued support. For and on behalf of Birla Sun Life Asset Management Company Ltd.

9 Sd/- Authorised Signatory

10 Annexure III Portfolio of Birla Sun Life Capital Protection Oriented Fund Series 19 as on January 31, 2017: Name of the Instrument Debt Instruments (a) Listed / awaiting listing on Stock Exchange 9.28% Rural Electrification Corporation Limited ** 9.18% National Bank For Agriculture and Rural ISIN Industry^ / Rating Quantity Market/Fair Value (Rs. in Lacs) % to Net Assets INE020B08658 CRISIL AAA 100 1, % INE261F09HE9 CRISIL % Development ** AAA Sub Total 1, % (b) Privately placed / Unlisted NIL NIL Sub Total NIL NIL Total 1, % Equity & Equity related (a) Listed / awaiting listing on Stock Exchanges HDFC Bank Limited INE040A01026 Banks 5, % Reliance Industries Limited INE002A01018 Petroleum 5, % Products Repco Home Finance Limited INE612J01015 Finance 8, % ITC Limited INE154A01025 Consumer 18, % Non Durables Infosys Limited INE009A01021 Software 4, % IndusInd Bank Limited INE095A01012 Banks 2, % Cummins India Limited INE298A01020 Industrial 3, % Products J.KumarInfraprojects Limited INE576I01022 Constructio 14, % n Power Grid Corporation of India Limited INE752E01010 Power 15, % Tata Motors Limited INE155A01022 Auto 6, % Eicher Motors Limited INE066A01013 Auto % Kotak Mahindra Bank Limited INE237A01028 Banks 3, % Orient Refractories Limited INE743M01012 Industrial 24, % Products KewalKiran Clothing Limited INE401H01017 Textile 1, % Products Axis Bank Limited INE238A01034 Banks 5, % City Union Bank Limited INE491A01021 Banks 17, % Sun Pharmaceuticals Industries Limited INE044A01036 Pharmaceuti 3, % cals Grasim Industries Limited INE047A01021 Cement 2, % Hindustan Zinc Limited INE267A01025 Non - 7, % Ferrous Metals Hero MotoCorp Limited INE158A01026 Auto % VST Industries Limited INE710A01016 Consumer % Non Durables Dish TV India Limited INE836F01026 Media & 24, % Entertainme nt Sanofi India Limited INE058A01010 Pharmaceuti % cals Mahindra & Mahindra Limited INE101A01026 Auto 1, % Yes Bank Limited INE528G01019 Banks 1, %

11 Cairn India Limited INE910H01017 Oil 7, % Gulf Oil Lubricants India Limited INE635Q01029 Petroleum 2, % Products Emami Limited INE548C01032 Consumer 1, % Non Durables Talwalkars Better Value Fitness Limited INE502K01016 Hotels, 8, % Resorts And Other Recreationa l Activities AurobindoPharma Limited INE406A01037 Pharmaceuti 2, % cals Atul Auto Limited INE951D01028 Auto 4, % Crompton Greaves Consumer Electricals INE299U01018 Consumer 9, % Limited Durables JagranPrakashan Limited INE199G01027 Media & 7, % Entertainme nt Gujarat State Petronet Limited INE246F01010 Gas 9, % D.B.Corp Limited INE950I01011 Media & 3, % Entertainme nt Credit Analysis and Research Limited INE752H01013 Finance % VRL Logistics Limited INE366I01010 Transportati 3, % on Divi's Laboratories Limited INE361B01024 Pharmaceuti 1, % cals Gujarat Mineral Development Corporation INE131A01031 Minerals/Mi 1, % Limited ning Sub Total % (b) Unlisted NIL NIL Sub Total NIL NIL Total % Money Market Instruments Certificate of Deposit Axis Bank Limited ** # INE238A16K05 CRISIL % A1+ Sub Total % Total % CBLO / Reverse Repo Clearing Corporation of India Ltd 2, % Sub Total 2, % Total 2, % Net Receivables / (Payables) % GRAND TOTAL 6, % ** Thinly Traded / Non Traded Security Unlisted Security ~ Illiquid Security ^Industry classification as recommended by AMFI and wherever not available, internal classification has been used