basic facts
launch date
28 February 1993
grade
equity
type
Large- and mid-cap
AUM*
Rs.6,394 crore
bottom sign
Nifty Large Midcap 250
total return index
What is the rate
NAV**
development options
Rs.343.77
IDCW
Rs.155.31
minimum investment
5,000
Minimum SIP Amount
500 rupees
expense ratio*** (%)
1.88
exit load
0.1% for redemption within 30 days
*Up to 30 June 2022
*** Till 31st May 2022
** by 13 July 2022
fund manager
SAURABH PANT
Tenure: 5 years, 9 months
Recent portfolio changes
new entrants: Motherson Sumi Wiring India , , , , .
full exit: ABB India , , , . & Finance company, .
should you buy
From a market-cap agnostic multi-cap offering (magnum multiplier), it switched to a large- and mid-cap fund in 2018. Under its revised mandate, the fund uniquely operates two main buckets. In its large-cap portfolio, it remains benchmark conscious and follows a momentum strategy. Within the mid-cap area, it chases full Return With a pure bottom-up approach. Its large small-cap appearance, compared to competitors, is a result of this approach to design. After a weak performance (2018-20), the fund performed well last year. The fund needs to show consistency in delivering outperformance in its new avatar to be among the top picks in its category.
(Source: Price Research)