BASIC FACTS
DATE OF LAUNCH
9 AUGUST 2007
CATEGORY
EQUITY
TYPE
LARGE & MID CAP
AUM*
Rs.3,737 Crore
BENCHMARK
NIFTY LARGE MIDCAP 250
TOTAL RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.50.97
IDCW
Rs.25.25
MINIMUM INVESTMENT
Rs.1,000
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO*** (%)
1.91
EXIT LOAD
For units in excess of 10% of the investment,1% will be charged for redemption within 365 days
*AS ON 31 JANUARY 2023
**AS ON 1 MARCH 2023
***AS ON 31 JANUARY 2023
FUND MANAGERS
AMIT GANATRA /PRANAV GOKHALE
1 YEAR, 1 MONTH/2 YEARS, 9 MONTHS
Recent portfolio changes
New Entrants: Apollo Tyres, Gujarat State Petronet, Indian Bank, Interglobe Aviation, Metro Brands, Nestle India, United Spirits, Balkrishna Industries, Bharat Dynamics, Kei Industries, Max Financial, Muthoot Finance.
Complete Exits: ABB India, FSN E-Commerce Ventures, Maruti Suzuki India, Bank Of Baroda, Bharat Electronics, Page Industries, Titan Company, Vedant Fashions.
Should you buy?
This fund moved from a fluid stance to adopting the large & mid cap mandate in 2018. It retains a large cap tilt —slightly higher compared to many peers in the same category. The portfolio is well diversified yet allows for large positions in its top bets. The fund maintains preference for quality, growth-oriented stocks. While the fund’s long term track record is healthy, it has suffered in recent years amid shifting market preferences. Despite exhibiting lower volatility, its muted performance has pulled down its risk-return profile. The fund needs to improve performance quickly to close gap with index and peers.
(Source: Value Research)
