BASIC FACTS
DATE OF LAUNCH
14 NOVEMBER 2006
CATEGORY
EQUITY
TYPE
MID-CAP
AUM*
Rs.13,181 Crore
BENCHMARK
NIFTY MIDCAP 150
TOTAL RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.77.72
IDCW
Rs.20.67
MINIMUM INVESTMENT
Rs.500
MINIMUM SIP AMOUNT
Rs.500
EXPENSE RATIO*** (%)
1.90
EXIT LOAD
1% for redemption within 364 days
*AS ON 31 MAY 2022
**AS ON 14 JUNE 2022
***AS ON 30 APRIL 2022
FUND MANAGER
VINIT SAMBRE
TENURE: 9 YEARS, 10 MONTHS
Recent portfolio changes
New Entrants: Coforge,
Complete Exits: AIA Engineering,
Increasing allocation: Balkrishna Industries, , (India), , ,
Should you buy?
It shifted from a mid- and smalloriented fund to the mid-cap mandate in 2018. It currently has a sizeable presence in small-caps apart from its midcap focus. The fund portfolio is leaner than under its previous avatar, yet is well-diversified and with modest positions in top bets. The fund seeks businesses with high ROEs, low leverage and positive cash flows, with sustainable competitive advantages. The fund has lagged its index and peers in the past year, which has hurt its return profile. Yet, its 3- and 5-year rolling returns indicate healthy outperformance with a better handle on volatility than most peers. The presence of a skilled fund manager at the helm provides comfort for the long term.
(Source: Value Research)