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

BASIC FACTS
DATE OF LAUNCH

4 OCTOBER 1999
CATEGORY
EQUITY
TYPE
ELSS
AUM*
Rs.5,029 crore

BENCHMARK
NIFTY 500 TOTAL

RETURN INDEX

WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.1,008.54
IDCW**
Rs.52.17
MINIMUM INVESTMENT
Rs.500
MINIMUM SIP AMOUNT
Rs.500
EXPENSE RATIO* (%)
1.83

*AS ON 30 JUNE 2023
**AS ON 25 JULY 2023

FUND MANAGER
ANAND RADHAKRISHNAN / R. JANAKIRAMAN (R)
1 YEAR, 8 MONTHS / 7 YEARS

Recent portfolio changes
New entrants
Crompton Greaves Consumer Electricals (April); Kalyan Jewellers India (June).
Complete exits
Delhivery, Maruti Suzuki India, One 97 Communications (April); LIC (May); Tata Power Company, Zydus Lifesciences (June).
Increasing allocation
ACC, City Union Bank, ICICI Prudential Life Insurance Company, United Breweries, Whirlpool of India (April); ACC, Multi Commodity Exchange of India (May); City Union Bank, GAIL, Voltas (June).

Should you buy?
This fund has amplified its large-cap bias, diluting exposure to mid and small caps in recent years. The portfolio is well diversified, running healthy positions in the top bets. The fund managers show no particuar style preference for this fund, adopting an index-agnostic approach to picking stocks and sectors. The fund went through a rocky patch between 2015 and 2020, underperforming the index as well as the category. However, it has seen an upturn in fortunes since 2021, suggesting a comeback. Even so, it needs to sustain this turnaround for longer to be considered a worthy bet.

(Source: Value Research)