Earlier run as a market cap agnostic fund, this fund shifted to the mid-cap mandate in 2018, preceded by a change in fund manager a year earlier. This sparked a realignment in its approach, with the fund manager ushering more diversification in the portfolio.
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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 10 AUGUST 1995 CATEGORY
EQUITY TYPE MID CAP AUM* Rs.11,268 Crore BENCHMARK NIFTY MIDCAP 150 TOTAL RETURN INDEX
WHAT IT COSTS NAV** BONUS Rs.330.10 GROWTH OPTION Rs.1,982.96 NAV** BONUS Rs.330.10 IDCW Rs.73.29 MINIMUM INVESTMENT Rs.100 MINIMUM SIP AMOUNT Rs.100 EXPENSE RATIO*** (%) 1.89 EXIT LOAD 0.1% for redemption within 30 days
*AS ON 30 JUNE 2022 **AS ON 26 JULY 2022 ***AS ON 30 JUNE 2022
FUND MANAGER MANISH GUNWANI TENURE: 4 YEARS, 8 MONTHS
Should you buy? Earlier run as a market cap agnostic fund, this fund shifted to the mid-cap mandate in 2018, preceded by a change in fund manager a year earlier. This sparked a realignment in its approach, with the fund manager ushering more diversification in the portfolio. The emphasis is on keeping risk contained with modest positions—the top 10 stocks account for less than 30% of the entire portfolio. The fund maintains sizeable presence in both large- and small-cap stocks apart from its mid-cap focus. The transition initially sparked a pick up in fund’s return profile followed by a brief lull, but is finding its footing again. The presence of a proven fund manager at its helm provides comfort for the long term.
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