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 JAN 2007

CATEGORY

EQUITY

TYPE

ELSS

AUM*

Rs.10,428 crore

BENCHMARK

NIFTY 500 TOTAL

RETURN INDEX

WHAT IT COSTS

NAV**

GROWTH OPTION

Rs.85.57

IDCW

Rs.19.32

MINIMUM INVESTMENT

Rs.500

MINIMUM SIP AMOUNT

Rs.500

EXPENSE RATIO*** (%)

1.75

EXIT LOAD

0%

*AS ON 31 OCTOBER 2022
**AS ON 29 NOVEMBER 2022
***AS ON 31 OCTOBER 2022

FUND MANAGER

ROHIT SINGHANIA

TENURE: 7 YEARS, 3 MONTHS

Recent portfolio changes
New Entrants: AU Small Finance Bank, Bank Of Baroda, HDFC Bank, Ipca Laboratories, Lupin, Maruti Suzuki India

Complete Exits: Cholamandalam Investment & Finance Company, Kei Industries.

Increasing allocation: AU Small Finance Bank, Bank Of Baroda, HDFC Bank, Ipca Laboratories, Lupin, Maruti Suzuki India

Should you buy?

This fund adopts a fluid investment approach and is not married to any particular style, even if it currently leans towards growth stocks. It retains a large cap bias, but has sizeable presence in the broader markets. However, it runs smaller positions in individual mid cap or small cap names. While the portfolio is diversified, it takes large positions in the top few bets. The fund has lagged behind the index in recent years but retains outperformance over its category average. Its long term track record indicates healthy outperformance across time frames, but must cover up the distance to index to maintain superior return profile.

(Source: Value Research)