Its risk-return profile is placed unfavourably relative to many peers. With returns not commensurate for the risks taken, investors may opt for more proven offerings in this space.
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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 MARCH 2008
CATEGORY EQUITY TYPE SMALL CAP AUM* Rs.12,934 crore BENCHMARK S&P BSE 250 SMALLCAP TOTAL RETURN INDEX
WHAT IT COSTS NAV** GROWTH OPTION Rs.73.05 IDCW Rs.31.36 MINIMUM INVESTMENT Rs.5,000 MINIMUM SIP AMOUNT Rs.300 EXPENSE RATIO*** (%) 1.91 EXIT LOAD 1% for redemption within 365 days. *AS ON 31 JULY 2022 ***AS ON 30 JUNE 2022 **AS ON 16 AUGUST 2022
Should you buy? A mid- and small-cap fund in its previous avatar, this fund initally retained sizeable mid-cap presence after repositioning as a small-cap fund. It has recently hiked its core presence in small-caps, taking a more aggressive tilt than many peers. The fund portfolio is well diversified yet retains healthy positions in top few bets, with a bias towards quality. The fund performance has been highly erratic, prone to alternating bouts of sharp outperformance and underperformance. Its risk-return profile is placed unfavourably relative to many peers. With returns not commensurate for the risks taken, investors may opt for more proven offerings in this space.
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