BASIC FACTS
DATE OF LAUNCH
19 AUGUST 1999
CATEGORY
EQUITY
TYPE
ELSS
AUM*
Rs.9,992 Crore
BENCHMARK
NIFTY 500 TOTAL
RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.590.47
IDCW
Rs.20.65
MINIMUM INVESTMENT
Rs.500
MINIMUM SIP AMOUNT
Rs.500
EXPENSE RATIO*** (%)
1.78
EXIT LOAD
0%
*AS ON 31 JANUARY 2023
**AS ON 8 MARCH 2023
***AS ON 31 JANUARY 2023
FUND MANAGERS
HARISH BIHANI
4 YEARS, 3 MONTHS
Recent portfolio changes
New Entrants
Jubilant FoodWorks, Sapphire Foods India, TVS Motor, Zomato.
Complete Exits
GAIL (India)
Increasing allocation
Ashok Leyland, Maruti Suzuki India, Avenue Supermarts, Axis Bank, Dixon Technologies, ICICI Bank, Jubilant FoodWorks, SBI Cards, TVS Motor Company.
Should you buy?
Earlier run with a valueconscious approach, this fund now runs with a distinct growth bias. However, it avoids overpaying for this profile. While it has no market cap constraints, it retains a large cap bias with modest presence in mid and small caps—the latter being an area of expertise for the current fund manager. He emphasizes on resilient businesses showing longevity and ability to gain market share. The fund also has some allocation towards businesses that are witnessing temporary weakness in earnings owing to sectoral issues. Given its growth tilt, the fund struggled last year, pulling down its otherwise decent return profile. Its new stance means it will deliver when market starts favouring growth businesses.
(Source: Value Research)
