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

FUND MANAGER

CHIRAG SETALVAD

TENURE: 8 YEARS

Recent portfolio changes
New Entrants: NA

Complete Exits: NA

Increasing allocation: Bank Of Baroda,

, Gateway Distriparks, , .

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.

(Source: Value Research)