BASIC FACTS
DATE OF LAUNCH
13 JANUARY 2006
CATEGORY
EQUITY
TYPE
SMALL CAP
AUM*
Rs.8,577 crore
BENCHMARK
NIFTY SMALLCAP 250
TOTAL RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.114.46
IDCW**
Rs.38.44
MINIMUM INVESTMENT
Rs.5,000
MINIMUM SIP AMOUNT
Rs.500
EXPENSE RATIO* (%)
1.80
EXIT LOAD
1% for redemption within 365 days
*AS ON 31 MAY 2023
**AS ON 11 JULY 2023
FUND MANAGER
R. JANAKIRAMAN
15 YEARS, 4 MONTHS
Recent portfolio changes
New entrants
GHCL Textiles, Hitachi Energy India (April). Apollo Pipes, Birlasoft (May). 360 One Wam, Cholamandalam Financial Holdings, Ujjivan Small Finance Bank (June).
Complete exits
Ceat (April). Hindustan Oil Exploration Company (June).
Increasing allocation
Apollo Pipes, Birlasoft, Blue Star, Exide Inds, Finolex Inds, Indiamart Intermesh, Intellect Design Arena, Ion Exchange, JK Lakshmi Cement, Kalyan Jewellers, KNR Constructions, Metropolis Healthcare, Zensar Technologies (June).
Should you buy?
This fund retains a modest presence in both mid and large caps, apart from its small-cap tilt. It currently runs a highly diversified portfolio, with around 80 stocks featuring modest positions even in top bets. The fund manager is comfortable taking large deviations in sector positioning relative to its index. This fund hit a rough patch of underperformance between 2017 and 2021. However, its fortunes have turned around, with the fund outperforming sharply since last year, faring particularly well in 2023. Its risk-return profile has improved considerably. A sustained turnaround will give the fund a platform to regain its past glory.
(Source: Value Research)
