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

20 AUGUST 2010

CATEGORY

EQUITY

TYPE

LARGE CAP

AUM*

Rs.8,832 crore

BENCHMARK

S&P BSE 100 TOTAL

RETURN INDEX

WHAT IT COSTS
NAV**
GROWTH OPTION

Rs.43.14

IDCW

Rs.22.04

MINIMUM INVESTMENT

Rs.5,000

MINIMUM SIP AMOUNT

Rs.1,000

EXPENSE RATIO*** (%)

1.86

EXIT LOAD

1% for redemption

within 365 days

*AS ON 30 NOVEMBER 2022
**AS ON 13 DECEMBER 2022
***AS ON 31 OCTOBER 2022

FUND MANAGER

SHRIDATTA BHANDWALDAR

TENURE: 6 YEARS, 4 MONTHS

Recent portfolio changes
New Entrants: Bharat Electronics, Indusind Bank, Indian Hotels Company.

Complete Exits: HDFC Life Insurance Co, Tata Steel, Voltas

Increasing allocation: HDFC Bank, Infosys, Kotak Mahindra Bank, Reliance Inds, SBI Life Insurance, State Bank of India, Sun Pharma, TCS, Indian Hotels Company, Titan Company, Ultratech Cement, United Spirits.

Should you buy?

This large cap fund places strong emphasis on downside protection. Its portfolio targets two sets of businesses – steady compounders and alpha generators. The tilt is towards proven, quality businesses that provide resilience during market declines. This is supplemented with companies that are ripe for earnings turnaround and valuation re-rating. The fund manager remains index conscious but portfolio construction is fairly index agnostic. After consistent showing since 2017, the fund performance has wobbled over the past year. However, the fund manager’s proven capabilities provide comfort for the long haul.

(Source: Value Research)