basic facts
launch date
16 May 2000
grade
equity
type
big and midcap
AUM*
Rs.7,011 crore
bottom sign
Nifty Large Midcap 250
total return index
What is the rate
NAV**
development options
Rs.349.74
IDCW
Rs.28.61
minimum investment
500 rupees
Minimum SIP Amount
500 rupees
expense ratio*** (%)
1.89
exit load
1% for redemption within 364 days
*Up to 30 September 2022
** by 11 October 2022
*** Till 31 August 2022
fund manager
ROHIT SINGHANIA
Tenure: 7 years, 3 months
Recent portfolio changes
new entrants: Chambal Fertilizer and Chemicals, KPR Mills, Tech Mahindra, AU Small Finance Bank, GR Infraprojects
full exit: Life Insurance Corporation of India, Cholamandalam Investments & Finance company, Godrej Consumer Products, kei industry
should you buy
Keeping a liquid stance with a large cap bias earlier, the fund increased its presence in mid caps after re-establishing itself as a large and mid cap fund. fund manager holds fluidity In investing style – married to neither growth or value – and takes a basket approach, taking up 3-4 views in select sectors. Its portfolio is quite thinly spread, except for a few large positions in the 2-3 top bets. Though the fund has a good long-term track record, its return profile has declined markedly over the years. The fund’s risk-return grade has also suffered, ranking below its category average. While its fund manager has proven execution capabilities, the fund needs to achieve consistency to remain a good pick in its segment.
(Source: Price Research)