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 JUNE 2012

CATEGORY

EQUITY

TYPE

FLEXI CAP

AUM*

Rs.17,894 Crore

BENCHMARK

NIFTY 500 TOTAL

RETURN INDEX

WHAT IT COSTS
NAV**
GROWTH OPTION

Rs.40.13

IDCW

Rs.19.15

MINIMUM INVESTMENT

Rs.500

MINIMUM SIP AMOUNT

Rs.100

EXPENSE RATIO*** (%)

1.75

EXIT LOAD
For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

*AS ON 30 NOVEMBER 2022
**AS ON 20 DECEMBER 2022
***AS ON 30 NOVEMBER 20

FUND MANAGER

JINESH GOPANI

TENURE: 6 YEARS, 5 MONTHS

Recent portfolio changes
New Entrants: LTIMindtree.

Complete Exits: Samvardhana Motherson International, MindTree.

Increasing allocation: PI Industries, Sona BLW Precision Forgings (Oct), Apollo Hospitals Enterprise, Asian Paints, Motherson Sumi Wiring India, Pidilite Industries, Reliance Industries, Tata Consultancy Services (Nov).

Should you buy?

The funds runs a focused approach, comprising a highly compact portfolio of the fund manager’s highest conviction bets. It features a distinct large cap bias with the fund manager comfortable paying a premium for select stocks that fit within its strict quality and growth framework. The fund boasts an impressive long term track record, but has sagged in recent years. After putting in consistent outperformance through 2017-20, it has seen two years of severe underperformance. The market’s shifting preferences towards value has left its growth-led engine cold. While the fund manager has proven execution capabilities, woes may persist till climate turns favourable for growth style.

(Source: Value Research)