HOW THE FUND HAS PERFORMED
WHERE THE FUND INVESTS
BASIC FACTS
- Date of Launch: 29 April 1997
- Category: Equity
- Type: Flexi Cap
- AUM(As on 31 October 2021): Rs 7,345 crore
What it costs
NAV(As on 16 November 2021)
- Growth option: Rs 69.68
- IDCW: Rs 61.43
- Minimum Investment: Rs 500
- Minimum SIP Amount: Rs 500
- Expense ratio(As on 30 September 2021) (%): 2.03
FUND MANAGER
Atul Bhole
Tenure: 5 years, 4 months
Top 5 sectors in portfolio (%)
Top 5 stocks in portfolio (%)
Recent portfolio changes
- New Entrants: RBL Bank, Supreme Industries
- Complete Exits: Bharti Airtel, Godrej Properties, V-Guard Industries, Coromandel International, Bharat Petroleum Corporation.
- Increasing allocation: Infosys, HCL Tech, HDFC Bank, Supreme Ins, Motherson Sumi, Radico Khaitan, ICICI Lombard, Bajaj Finance, Asian Paints, Polycab India, Bajaj Finserv, ICICI Bank, Emami, SBI Cards, Axis Bank, Avenue Supermarts.
How risky is it?
Source: Value Research
Should you buy?
This fund now runs in the flexi-cap category which allows it to retain its inherent large-cap bias. However, it maintains sizeable presence in the broader mid- and smallcap segment, more than many of its peers. The fund manager has a preference for quality, growth oriented businesses with strong business models characterised by low capex intensity, high cash coversion and low cost structure. He retains a small portion for tactical bets. He is comfortable paying a premium for this quality and does not shy from deviating from index. The fund’s performance has been strong since the fund manager took up reins five years ago. This consistent showing makes it a worthy bet in its category.
