This large cap mutual fund gave 22% returns in one year; should you invest? It usually runs positive active bets of 30-50%. The fund has exhibited a sharp outperformance over the past 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 CAP
BASIC FACTS
DATE OF LAUNCH
20 MAY 2009
CATEGORY
EQUITY
TYPE
LARGE CAP
AUM*
Rs.621 crore
BENCHMARK
NIFTY 100 TOTAL
RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.69.81
IDCW**
Rs.25.58
MINIMUM INVESTMENT
Rs.100
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO# (%)
2.38
EXIT LOAD
1% for redemption within 90 days
*AS ON 30 NOV 2023
**AS ON 19 DEC 2023
#AS ON 30 NOV 2023
FUND MANAGER
BHAVESH JAIN (LEFT)/BHARAT LAHOTI
2 YEARS, 1 MONTH /6 YEARS, 6 MONTHS
Recent portfolio changes
New entrants
Blue Jet Healthcare, JSW Infrastructure (Oct). Aditya Birla Capital, DLF, Flair Writing Industries, LTIMindtree, NMDC, Power Grid Corporation of India, Shree Cement, Tata Consumer Products, United Breweries (Nov).
Complete exits
Sai Silks (Kalamandir) (Oct). Blue Jet Healthcare, Crisil, GAIL (India), Gujarat Fluorochemicals, Hindustan Aeronautics, Hindustan Zinc, Jio Financial Services, PI Industries, SAMHI Hotels, Solar Industries India, Syngene International, Tata Elxsi, Thermax, Torrent Pharmaceuticals, Zydus Lifesciences (Nov).
Should You Buy?
The fund prefers growing businesses that are available at reasonable valuations. It is more inclined towards stable and quality businesses and stays away from cyclical businesses. The fund remains conscious of the benchmark while taking top-down sectoral calls and shuns cash calls. It usually runs positive active bets of 30-50%. The fund has exhibited a sharp outperformance over the past year. Its direct plan, which shines over longer time frames, is a worthy pick even as the regular plan variant is weighed down by costs.
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This story originally appeared on: India Times - Author:Faqs of Insurances
