BASIC FACTS
DATE OF LAUNCH
31 MARCH 1993
CATEGORYEQUITY
TYPE
ELSS
AUM*
Rs.4,924 Crore
BENCHMARK
S&P BSE 500 TOTAL
RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.114.74
IDCW
Rs.35.71
MINIMUM INVESTMENT
Rs.500
MINIMUM SIP AMOUNT
Rs.500
EXPENSE RATIO*** (%)
2.01
EXIT LOAD
0%
*AS ON 31 MARCH 2023
**AS ON 18 APRIL 2023
***AS ON 28 FEBRUARY 2023
FUND MANAGER
SHRIDATTA
BHANDWALDAR
3 YEARS, 5 MONTHS
Recent portfolio changes
New Entrants
Dabur India, Interglobe Aviation, ITC, Tata Steel.
Complete Exits
Asian Paints, Max Financial Services.
Increasing allocation
Ashok Leyland, Bharti Airtel, Blue Dart Express, Dabur India, Hindustan Unilever, Housing Development Finance Corporation, ICICI Bank, Infosys, Interglobe Aviation, ITC, Reliance Industries, Tata Steel.
Should you buy?
This fund has no specific market cap bias but retains a large cap tilt, with sizeable mid cap presence. Its preference is for growth companies with emphasis on strong competitive position, quality of business and management pedigree. The portfolio is fairly diversified yet retains large sized positions in its top few bets. After a lean patch between 2012-17, the fund put up a stellar show between 2018-21, consistently ranking among the top funds in its category. While it experienced a blip in 2022, its superior downside protection makes it a worthy pick among tax-savings funds.
(Source: Value Research)
