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

29 MARCH 2005

CATEGORY

EQUITY

TYPE

MID CAP

AUM*

Rs 8,043 crore

BENCHMARK

NIFTY MIDCAP 150 TOTAL RETURN INDEX

WHAT IT COSTS
NAV**

IDCW

RS 63.59

MINIMUM INVESTMENT

Rs 5,000

MINIMUM SIP AMOUNT

Rs 500

EXPENSE RATIO*** (%)

1.93

EXIT LOAD

1% for redemption within 365 days

*AS ON 31 AUGUST 2022
**AS ON 13 SEPTEMBER 2022
***AS ON 31 JULY 2022

FUND MANAGER

SOHINI ANDANI

TENURE: 12 YEARS

New Entrants

Aether Industries.


Recent portfolio changes
Increasing allocation

Aether Industries, Crisil, Gokaldas Exports, UNO Minda. Crisil, Sona BLW Precision Forgings.

Should you buy?

This fund takes sizeable presence in small caps beyond its mid cap focus given the faster, longer growth runway for smaller businesses. The fund portfolio is reasonably diversified, with healthy positions in its top bets. The fund manager prefers businesses that offer scalability with multi-year compounding opportunity. The fund performance suffered between 2016 and 2019 with early bets on economic recovery not faring well. However, the fund has put in a strong showing since 2020 with the fund ranking in the top quartile in its category. The presence of a veteran fund manager at its helm gives comfort for the long term.


(Source: Value Research)