How has the fund performed?
where the fund invests
basic facts
Launch date: January 21, 2015
Category: share
Type: ELSS
AUM (as on 31 July 2021): Rs 2,280 crore
Benchmark: Nifty 500 Total Return Index
What is the rate
NAV (as on September 7, 2021)
Growth Option: Rs 27.36
IDCW: Rs 21.49
Minimum investment: Rs 500
Minimum SIP amount: Rs 500
Expenditure Ratio (as on 31st July 2021) (%): 2.06
Exit Load: NA
fund manager: Aditya Khemani
Tenure: 1 year, 11 months
Top 5 Sectors in Portfolio (%)
Top 5 Stocks in Portfolio (%)
Recent portfolio changes
New Entrants: Zomato
Complete Exits: Muthoot Finance, Maruti Suzuki India
Increasing Allocation: State Bank of India, Max Healthcare Institute, Dalmia Bharat, Torrent Pharmaceuticals, Cholamandalam Investment and Finance Company, State Bank of India
How risky is it?
Source: Value Research
should you buy
This tax-saving fund takes a flexi-cap approach but, like many of its peers, leans slightly towards large-caps. However, it prefers to maintain a good presence of mid-caps as compared to small-caps in the rest of the portfolio. The fund manager operates a very compact portfolio with not more than 30 high conviction stakes. Portfolio formation is highly index agnostic even in sector positioning. The fund manager prefers high quality, strong cash flow generating companies with a long growth runway. The fund doesn’t have a long track record, but in a little over five years, it has exhibited sharp outperformance as well as occasional underperformance. Its aggressive stance lends itself to greater volatility than peers in its category.