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

10 NOVEMBER 1996

CATEGORY

EQUITY

TYPE

LARGE CAP

AUM*

Rs.19,910 Crore

BENCHMARK

NIFTY 100 TOTAL

RETURN INDEX

WHAT IT COSTS
NAV**

GROWTH OPTION

Rs.709.28

IDCW

Rs.48.26

MINIMUM INVESTMENT

Rs.5,000

MINIMUM SIP AMOUNT

Rs.300

EXPENSE RATIO*** (%)

1.82

EXIT LOAD

1% for redemption

within 365 days


*AS ON 30 JUNE 2022
**AS ON 2 AUGUST 2022
***AS ON 30 JUNE 2022

FUND MANAGER

RAHUL BAIJAL

TENURE: SINCE 29 JULY 2022

Recent portfolio changes
New Entrants:

Complete Exits: Divi’s Laboratories,

Increasing allocation: HDFC, , Mahindra & Mahindra, , ,


Should you buy?

This flagship fund from MF is set to undergo a transition with its long serving fund manager Prashant Jain making way for a new fund manager. Baijal brings rich experience managing the tough large-cap space but will take time to mould the fund in his own style. Under the previous fund manager, the fund took a distinct contrarian stance supplemented with unwavering conviction in top bets even if it often dragged the fund into intermittent and prolonged bouts of underperformance. While the fund has put on a strong show over the past year, its long term profile remains weak. This approach may be revisited by the incoming fund manager to usher consistent delivery. Investors should allow the new captain to build a track record before taking a call.

(Source: Value Research)