BASIC FACTS
DATE OF LAUNCH
14 JUNE 2007
CATEGORY
EQUITY
TYPE
SMALL CAP
AUM*
Rs.9,231 Crore
BENCHMARK
S&P BSE 250 SMALLCAP
TOTAL RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.111.78
IDCW
Rs.42.98
MINIMUM INVESTMENT
Rs.500
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO*** (%)
1.86
EXIT LOAD
1% for redemption
within 364 days
*AS ON 30 NOVEMBER 2022
**AS ON 27 DECEMBER 2022
***AS ON 30 NOVEMBER 2022
FUND MANAGER
VINIT SAMBRE
TENURE: 12 YEARS, 5 MONTHS
Recent portfolio changes
New Entrants: Harsha Engineers International (Sept), Archean Chemical Industries (Nov).
Complete Exits: Equitas Small Finance Bank (Sept), Muthoot Capital Services (Oct), Prism Johnson (Nov).
Increasing allocation: Aarti Drugs, Cyient, Dodla Dairy, Finolex Inds, Harsha Engineers, Heritage Foods, Just Dial, Prince Pipes, Rolex Rings, TCPL Packaging (Nov).
Should you buy?
Earlier run with the ‘micro cap’ moniker, this fund was repositioned as a small cap offering a few years ago. Apart from its small cap tilt, it retains modest presence in mid caps—lesser than many of its peers. The fund manager prefers quality, growth-oriented business with healthy cash flows, scalability and strong management. The portfolio is well diversified, with modest positions in its top bets. The fund’s performance in recent years has been middling, managing to beat its index yet lagging many of its peers. The fund must find its footing soon to avoid having to play catch-up with others in its category.
(Source: Value Research)
