Good show after change of mandate

ET Wealth works with Value Research to analyze the best mutual funds. We look at key fund fundamentals, portfolio and performance to help you make an informed investment decision.

HOW HAS THE FUND RETURNED

WHERE THE FUND INVESTS

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BASIC FACTS

  • Launch date: November 3, 2005
  • Category: Stocks
  • Type: Large Cap & Mid Cap
  • AUM (* As of 31 JANUARY 2022): Rs 12,548 crore
  • Benchmark: Nifty Large Midcap 250 Total Return Index

WHAT IT COST

  • NAV (As of March 2, 2022)
  • Growth option: Rs 152.92
  • IDCW: Rs 58.34
  • Minimum investment: Rs 5,000
  • Minimum SIP amount: Rs 1000
  • Expense ratio (as of January 31, 2022)(%): 1.86%
  • Exit charge: for units exceeding 10% of the investment, 1% will be charged for redemption within 365 days.

The Head of Funding: Shridatta Bhandwaldar

Mandate: 3 years, 10 months

Top 5 sectors in portfolio (%)

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Top 5 stocks in portfolio (%)

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Recent Portfolio Changes

New entrants: ABB India.

Full outings: India Multi-Commodity Exchange, Zomato.

Increase in allowance: Bajaj Finance, Bharat Electronics, Bharti Airtel, Honeywell Automation India, ICICI Bank, Infosys, Larsen & Toubro, Oberoi Realty, Tata Consultancy Services.

How risky is it?

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Source: Value Research

Should I buy?

Previously a mid and small cap offering, this fund took on the large and mid cap mandate a few years ago. This change has significantly modified its positioning. His preference remains for companies with improving fundamentals (rising earnings or business environment) or those experiencing temporary setbacks. The fund manager places great emphasis on downside protection and drawdown limitation. The fund maintains several hygiene controls, including ensuring a healthy liquidity profile for the portfolio. The fund has done well since the change in mandate, but needs to be consistent to consolidate its position as a worthy choice in its category.

Dolores W. Simon