How the fund has performed
Where the fund invests
Basic facts
Date of launch: 13 May, 2013
Category: Equity
Type: Large cap
AUM (As on 31 Oct, 2021): Rs 1,830 cr
Benchmark: NIFTY 50 Total Return Index
What it costs
NAV (As on 9 Nov, 2021)
Growth option: Rs 34.66
IDCW: Rs 20.34
Minimum Investment: Rs 500
Minimum SIP amount: Rs 500
Expense ratio (As on 30 Sep, 2021) (%): 2.20
Exit load: 1% for redemption within 15 days
Fund Manager: Siddharth Bothra
Tenure: 5 years
Top 5 sectors in portfolio (%)
Top 5 stocks in portfolio (%)
Recent portfolio changes
Complete Exits: Indian Railway Catering & Tourism Corporation.
Increasing allocation: ABB India, Bajaj Auto, SBI Cards & Payments Services, Tata Consultancy Services, Zomato, Bajaj Auto. ICICI Lombard General Insurance Company, ABB India, Bajaj Auto.
How risky is it?
Source: Value Research
Should you buy?
This fund that takes a focused approach to stock selection, with a concentrated portfolio comprising not more than 25 stocks. Although a large-cap biased fund, its mid-cap presence is high compared to peers. Currently housing 20 stocks, the fund sports large positions in its top bets. The fund primarily targets long term compounders in the form of quality, growth oriented businesses for bulk of its portfolio. A smaller portion is deployed in aggressive bets on economy proxies that may be plays on recovery. In its short running history, the fund has exhibited alternating bouts of outperformance and underperformance, delivering modest alpha since inception. With its aggressive positioning, the fund needs to prove its credentials over longer time frames.
