basic facts
launch date
29 December 2009
grade
equity
type
ELSS
AUM*
Rs.27,628 crore
bottom sign
nifty 500 total
return index
What is the rate
NAV**
development options
Rs.62.43
IDCW
Rs.21.99
minimum investment
500 rupees
Minimum SIP Amount
500 rupees
expense ratio*** (%)
1.61
exit load
0%
*Up to 30 June 2022
** By 19 July 2022
*** Till 30 June 2022
fund manager
JINESH GOPANI
Tenure: 11 years, 2 months
Recent portfolio changes
new entrants: Mahindra & Mahindra, Delhivery, Rainbow Children Medicare
full exit: Dheeraj Technologies,
Increase allocation: Apollo Hospitals, Astral, Clean Science & Technology, Divi’s Labs, FSN E-Commerce Ventures, M&M, Industries, The Company, Tube Investments of India
should you buy
Despite amassing a large corpus, the fund continues to run a very compact portfolio of high conviction ideas. The fund manager is comfortable taking outside positions in different bets relative to the index. he chooses shares Which fits within a strict quality framework, even if it means paying a slight premium. While this strategy helped top the charts between 2018-2020, the fund’s performance has clearly deteriorated as market preferences shifted in line with other styles. The fund may be going through a weak phase, but it has demonstrated the ability to deliver healthy results over a long period of time in alternative bouts of under and outperformance.
(Source: Price Research)