How the fund has performed
Where the fund invests
Basic facts
Date of launch: 30 July, 2002
Category: Equity
Type: Large Cap
AUM (As on 31 August, 2021): Rs 1,398 cr
Benchmark: NIFTY 50 Total Return Index
What it costs
NAV (As on 28 September, 2021)
Growth option: Rs 274.4985
IDCW: Rs 17.9423
Minimum Investment: Rs 100
Minimum SIP amount: Rs 100
Expense ratio (As on 31 August, 2021) (%): 2.24
Exit load: For units in excess of 25% of the investment,1% will be charged for redemption within 365 days
Fund Manager: Rahul Baijal
Tenure: 4 years, 10 months
Top 5 sectors in portfolio (%)
Top 5 stocks in portfolio (%)
Recent portfolio changes
New Entrants: Shriram Transport Finance Company. Apollo Hospitals Enterprise, MindTree, Dabur India.
Complete Exits: Mahindra & Mahindra, ICICI Lombard General Insurance, Phoenix Mills, Maruti Suzuki India.
Increasing allocation: Ashok Leyland, Bajaj Finserv, Shriram Transport Finance, Sun Pharma. Reliance Inds, Indraprastha Gas, MindTree, Hindustan Unilever.
How risky is it?
Source: Value Research
Should you buy?
Despite its name, the fund was running a very diversified portfolio of large-cap stocks until its repositioning a few years ago. It now runs a very focused portfolio within the large-cap universe, endeavouring to outperform the category through concentrated, high conviction bets. Even for its compact positioning, the fund takes outsized positions in top few bets. It prefers to focus around 3-4 overarching themes and identify best opportunities within these segments. Its performance has been inconsistent over the years amid changes in approach. Its current fund manager has overseen a marginal improvement in return profile but needs to prove execution capabilities over the long term.
