BASIC FACTS
DATE OF LAUNCH
20 NOVEMBER 2017
CATEGORY
EQUITY
TYPE
FLEXI CAP
AUM*
Rs.10,077 Crore
BENCHMARK
NIFTY 500 TOTAL
RETURN INDEX
MINIMUM SIP AMOUNT
Rs.100
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.16.52
IDCW
Rs.11.54
MINIMUM INVESTMENT
Rs.500
EXPENSE RATIO*** (%)
1.92
EXIT LOAD
For units in excess of 10% of the investment,1% will be charged for redemption within 365 days
*AS ON 28 FEBRUARY 2023
**AS ON 29 MARCH 2023
***AS ON 28 FEBRUARY 2023
FUND MANAGERS
SHREYASH DEVALKAR
5 YEARS, 4 MONTHS
Recent portfolio changes
New Entrants
Hindustan Unilever, KFin Technologies, Larsen & Toubro. Tata Motors, Carborundum Universal, Cipla, Schaeffler India.
Complete Exits
Maruti Suzuki India, Ambuja Cements, Vijaya Diagnostic Centre.
Increasing allocation
Tata Consultancy Services, SBI Life Insurance Company, Tata Consultancy Services, Bharti Airtel, Mahindra & Mahindra, Sona BLW Precision Forgings, Tata Motors, Titan Company.
Should you buy?
Given its strict quality bias, this fund takes a distinct large cap tilt. In this fund, the fund manager looks for companies at inflection points — enjoying market share gains due to competitive advantages, operating in a sunrise industry, witnessing industry consolidation, improved capital efficiency or regulatory changes. Despite running a reasonably diversified portfolio, the fund retains outsized positions in top few large cap bets. The fund manager occassionally takes tactical cash calls. In its short running time so far, the fund has witnessed two distinct phases. While it consistently outperformed in initial few years, it has sharply lagged index and peers in the last two years. Investors will have to wait for its preferred growth style to come back in favour to see improved return profile.
(Source: Value Research)
