How the fund has performed
Basic facts
- Date of launch: 26 July 2007
- Category: Equity
- Type: Flexicap
- AUM (As on 31 May 2021): Rs 7,794 cr
- Benchmark: NIFTY 500 Total Return Index
What it costs
- NAV (As on 7 July 2021)
- Growth option: Rs 59.72
- IDCW: Rs 30.01
- Minimum Investment: Rs 5,000
- Minimum SIP amount: Rs 500
- Expense ratio (As on 30 April 2021) (%): 1.84
- Exit load: 1% for redemption within 365 days
Fund Manager: Roshi Jain
Tenure: 9 Years
Top 5 sectors in portfolio (%)
Top 5 stocks in portfolio (%)
Recent portfolio changes
- Nw Entrants:Bajaj Auto
- Complete Exits: Infosys, Ultratech Cement.
- Increasing allocation: United Spirits, Cipla.
How risky is it?
Source: Value Research
Should You Buy
Previously run as a flexi-cap fund, this fund adopted the focused mandate when it was introduced as a separate category. While the mandate necessitates a concentrated portfolio, the fund manager takes it a step further with outsized positions in top bets and sharp deviations relative to index. The fund manager adopts a value-conscious investing style that tilts the portfolio towards contrarian bets. The fund enjoys a healthy track record and has outperformed sharply in recent years. The presence of a skilled fund manager also provides comfort. However, a combination of aggressive focused stance with a value bent may expose the fund to volatility and bouts of underperformance if the thesis takes time to bear fruit.
