This large cap mutual fund gave 18.07% returns in 3-year period; should you invest? It places high emphasis on interplay of macro factors and sectoral impact in allocating weights. It engages in active shuffling of sectors based on views on the economy and monetary conditions
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.BASIC FACTS
DATE OF LAUNCH
23 SEPTEMBER 2004
CATEGORY
EQUITY
TYPE
LARGE CAP
AUM*
Rs.1,520 crore
BENCHMARK
NIFTY 100 TOTAL
RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.158.17
IDCW**
Rs.20.25
MINIMUM INVESTMENT
Rs.5,000
MINIMUM SIP AMOUNT
Rs.500
EXPENSE RATIO# (%)2.12
EXIT LOAD
For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days.
*AS ON 30 SEPT 2023
**AS ON 31 OCT 2023
#AS ON 30 SEPT 2023
FUND MANAGER
JITENDRA SRIRAM
1 YEAR, 4 MONTHS
Recent portfolio changes
New entrants
GAIL (India), Hitachi Energy India, Zomato (Aug). Honeywell Automation India, IndusInd Bank, Tata Motors (Sept).
Complete exits
Avenue Supermarts, Siemens (Aug). Axis Bank, Bharat Petroleum Corporation (Sept).
Increasing allocation
Birla Corporation, Gujarat State Petronet, Jio Financial Services (Aug). GAIL (India), Hitachi Energy India, Jio Financial Services, Maruti Suzuki India, Zomato (Sept).
Should You Buy
The fund retains preference for businesses that are growing faster than the industry and economy, with focus on leaders or market share gainers. It places high emphasis on interplay of macro factors and sectoral impact in allocating weights. It engages in active shuffling of sectors based on views on the economy and monetary conditions. The fund’s performance in recent years has been erratic, ranking in the top quartile over the past five years, but in the third quartile over the past three years. Its year-to-date return profile has picked up, but the fund needs to sustain performance over longer time frames to be counted as a worthy option in this segment.
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This story originally appeared on: India Times - Author:Faqs of Insurances
