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.
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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 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
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)
(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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