basic facts
launch date
10 August 1995
grade
equity
type
mid Cap
AUM*
Rs.11,268 crore
bottom sign
Nifty Midcap 150
total return index
What is the rate
NAV**
bonus
Rs.330.10
development options
Rs.1,982.96
NAV**
bonus
Rs.330.10
IDCW
Rs.73.29
minimum investment
100 rupees
Minimum SIP Amount
100 rupees
expense ratio*** (%)
1.89
exit load
0.1% for redemption
within 30 days
*Up to 30 June 2022
** by 26 July 2022
*** Till 30 June 2022
fund manager
MANISH GUNWANI
Tenure: 4 years, 8 months
Recent portfolio changes
new entrants: Endurance Technologies, M&M, MRF, , Campus Activewear, LIC, Prudent Corporate Advisory Services, , Zomato, ,.
full exit: Exide Industries, , , , Infosys, , , , , Coforge, L&T Technology Services.
should you buy
Earlier run as a market cap agnostic fund, the fund shifted to mid-cap mandate in 2018, before the change in fund manager a year ago. This led to a re-alignment in its approach, with the introduction of greater diversification in the fund manager’s portfolio. The emphasis is on containing risk with minor positions – the top 10 stocks account for less than 30% of the entire portfolio. The fund enjoys a strong presence in both large- and small-cap stocks apart from its mid-cap focus. The transition initially started with an uptick in the fund’s return profile, which was followed by a brief lull, but it is gaining ground again. On top of this the presence of a proven fund manager provides long term comfort.
(Source: Price Research)