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

18 FEBRUARY 1994

CATEGORY

EQUITY

TYPE

LARGE & MIDCAP

AUM*

Rs.6,579 crore

BENCHMARK

NIFTY LARGE MIDCAP 250

TOTAL RETURN INDEX

WHAT IT COSTS
GROWTH OPTION

Rs.193.24

NAV**

IDCW

Rs.25.76

MINIMUM INVESTMENT

Rs.5,000

MINIMUM SIP AMOUNT

Rs.300

EXPENSE RATIO*** (%)

2.20

EXIT LOAD

1% for redemption within 365 days


*AS ON 31 JULY 2022
**AS ON 23 AUGUST 2022
***AS ON 31 JULY 202

FUND MANAGER
GOPAL AGRAWAL

TENURE: 2 YEARS

Recent portfolio changes
New Entrants: Delhivery, , , LIC, , , Inds, .

Complete Exits:

Increasing allocation: Bharti Airtel, , , , , , .

Should you buy?

Since its shift to the large and mid cap mandate in 2018 from earlier avatar as

Growth Opportunities, the fund has moderated its earlier large cap stance. The portfolio is currently evenly balanced between large caps and mid/small caps. The fund favours businesses with distinct competitive advantages, superior financial strength and have value unlocking potential. The fund continues to run a bloated portfolio of around 140 stocks, with a very long tail of small bets. The fund has exhibited frequent bouts of underperformance over the years, under its earlier contrarian stance. Now in the hands of a new veteran fund manager, it is starting to show some improved results, but needs to exhibit a sustained pick up to be counted on for long term.

(Source: Value Research)