Within the mid-cap arena, it chases absolute returns with a pure bottom-up approach. Its sizeable small-cap presence, compared to peers, is an outcome of this approach than design. After a stretch of weak performance (2018-20), the fund put in a strong show last year.
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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 28 FEBRUARY 1993 CATEGORY
EQUITY TYPE LARGE- & MID-CAP AUM* Rs.6,394 Crore BENCHMARK NIFTY LARGE MIDCAP 250 TOTAL RETURN INDEX
WHAT IT COSTS NAV** GROWTH OPTION Rs.343.77 IDCW Rs.155.31 MINIMUM INVESTMENT Rs.5,000 MINIMUM SIP AMOUNT Rs.500 EXPENSE RATIO*** (%) 1.88 EXIT LOAD 0.1% for redemption within 30 days
*AS ON 30 JUNE 2022 ***AS ON 31 MAY 2022 **AS ON 13 JULY 2022
FUND MANAGER SAURABH PANT TENURE: 5 YEARS, 9 MONTHS
Should you buy? From a market-cap agnostic multi-cap offering (SBI Magnum Multiplier), it morphed into a large- & mid-cap fund in 2018. Under its revised mandate, the fund runs the two core buckets distinctly. In its large-cap portfolio, it remains benchmark conscious and plays a momentum strategy. Within the mid-cap arena, it chases absolute returns with a pure bottom-up approach. Its sizeable small-cap presence, compared to peers, is an outcome of this approach than design. After a stretch of weak performance (2018-20), the fund put in a strong show last year. The fund needs to show consistency in delivering outperformance in its new avatar to be counted among the top picks in its category.
(Source: Value Research)
(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)
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