basic facts
launch date
10 November 2004
grade
equity
type
flexi cap
AUM*
Rs.26,218 crore
bottom sign
S&P BSE 500 Total
return index
What is the rate
NAV**
development options
Rs.229.83
IDCW
Rs.42.04
minimum investment
5,000
Minimum SIP Amount
500 rupees
expense ratio*** (%)
1.63
exit load
1% for redemption
within 365 days.
*Up to 31st July 2022
** by 8 August 2022
*** Till 30 June 2022
fund manager
R Srinivasan
Tenure: 13 years, 2 months
Recent portfolio changes
new entrants: delhivery
full exit: Tube Investments of India, .
Increase allocation: Divi’s Laboratories, , , , , , , , , .
should you buy
Post the restructuring, the fund retains its focused approach from its earlier incarnation:
Emerging business but now takes a higher large-cap lean than its predecessor’s mid- and small-cap flavor. It still maintains a good presence in the mid-caps as compared to the competitors. The degree of portfolio concentration is also high among peers with a compact portfolio of around 21 stocks. It differentiates itself with selective stakes in foreign stocks. This leaves behind a healthy track record under the previous mandate, but with occasional bouts of sharp underperformance. Its performance since the change in mandate shows that investors can expect continuity in the hands of their experienced fund manager.
(Source: Price Research)