This large & mid cap equity mutual fund gave 21% returns in 3-year period; should you invest? The fund portfolio has expanded to accommodate a higher mid-cap presence. The fund manager prefers quality businesses and avoids companies with low earnings visibility or weak managements. The fund enjoyed a strong run between 2019 and 2021, but lagged behind the index last year
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.EDELWEISS LARGE & MID CAP
BASIC FACTS
DATE OF LAUNCH
14 JUNE 2007
CATEGORY
EQUITY
TYPE
LARGE & MIDCAP
AUM*
Rs.2,221 crore
BENCHMARK
NIFTY LARGE MIDCAP 250
TOTAL RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.64.28
IDCW**
Rs.24.51
MINIMUM INVESTMENT
Rs.100
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO# (%)
1.97
EXIT LOAD
1% for redemption within 90 days.
*AS ON 31 OCT 2023
**AS ON 28 NOV 2023
#AS ON 31 OCT 2023
FUND MANAGER
TRIDEEP BHATTACHARYA
(PIC) / ABHISHEK GUPTA
2 YEARS / 1 YEAR, 10 MONTHS
Recent portfolio changes
New entrants
Coal India, Fortis Healthcare, JSW Energy, LTIMindtree, NTPC, Sundaram Finance, Zomato (Sept). Mahindra & Mahindra Financial Services, Power Mech Projects, Titan Company (Oct).
Complete exits
Axis Bank, Crompton Greaves Consumer Electricals, Tata Consultancy Services (Sept). Hindustan Unilever (Oct).
Should You Buy
Earlier run as a large-cap oriented fund, it was repositioned in the large- and mid-cap category a few years ago. It retains the large-cap tilt, with mid-cap exposure closely aligned with the minimum requirement of 35%. The fund portfolio has expanded to accommodate a higher mid-cap presence. The fund manager prefers quality businesses and avoids companies with low earnings visibility or weak managements. The fund enjoyed a strong run between 2019 and 2021, but lagged behind the index last year. It has come back sharply this year, beating the index, but has not kept pace with many of its peers in recent years.
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This story originally appeared on: India Times - Author:Faqs of Insurances
