ET Wealth collaborates with Value Research to analyze top mutual funds. We examine the fund’s key fundamentals, its portfolio and performance to help you make an informed investment decision.

basic facts

launch date

29 March 2005

grade

equity

type

mid Cap

AUM*

Rupee. 8,043 crore

bottom sign

Nifty Midcap 150 Total Return Index

What is the rate
NAV**

IDCW

Rs 63.59

minimum investment

Rs 5,000

Minimum SIP Amount

500 rupees

expense ratio*** (%)

1.93

exit load

1% for redemption within 365 days

*Up to 31st August 2022
** by 13 September 2022
*** Till 31st July 2022

fund manager

SOHINI ANDANI

Tenure: Twelve years

new entrants

Ather Industries.


Recent portfolio changes
increase allocation

Ather Industries, CRISIL, Gokaldas ExportsUNO Mind. Crisil, gold blw precision forging,

should you buy

The fund has a large presence in small caps beyond its mid cap focus given the fast, long growth runway for small businesses. With a healthy position in its top bets, the fund portfolio is reasonably diversified. The fund manager prefers businesses that offer scalability with a multi-year compounding opportunity. The fund’s performance between 2016 and 2019 did not do well with early bets on economic recovery. However, the fund has made a strong showing since 2020 with the fund ranking in the top quartile in its category. On top of this the presence of an experienced fund manager gives comfort for the long term.


(Source: Price Research)