HOW DID THE FUND BEHAVIOR?
With a 7-year return of 14.81%, the fund significantly outperformed both the benchmark return (9.31%) and the category average (8.27%).
Growth of Rs 10,000 vis-à-vis the category and the benchmark
BASIC FACTS
Release date: April 4, 2008
Category: Equities
Type: Large Cap
Average AUM: Rs 4,737.94 cr
Benchmark: S&P BSE 200 Index
WHAT IT COINS
Net asset values (as of October 25, 2017)
Growth option: Rs 46
Dividend option: Rs 20
Minimum investment: Rs 5,000
Minimum SIP amount: Rs 1,000
Spending rate (as of Sep 30, 2017) (%): 2.39
Exit charge: 1% for redemption within 365 days
THE HEAD OF FINANCING
Neelesh Surana
Duration: 9 years and 4 months
Education: BE, MBA
WHERE IS THE FUND INVESTING?
WHAT IS THE RISK ?
Anywhere where not specified, data as of September 30, 2017. Source: Value Research
SHOULD YOU BUY?
This fund continues to embellish its enviable track record, being poised to end another year outperforming both the benchmark and its peers, which it has done consistently over each of the past eight years. The degree of outperformance also continues to impress, despite the alpha decline in the large cap category.
The fund is heavily biased towards large caps, but the average market capitalization of its portfolio is well below the category average. This is due to its relatively higher investment in emerging large caps. The fund manager emphasizes stock selection and does not take sector calls.
The fund’s ability to outperform in both a bullish and bearish market has enabled it to maintain a superior risk-return profile in its category. It remains a top choice in the large-cap fund space.
