How has the fund performed? With a 10-year return of 12.91%, the fund has outperformed the category (11.01%) and the index (8.87%) by a good margin. The fund has outperformed both the index and the category average over the past decade.
As on 6 Mar 2018
Annualised performance (%) The fund has marginally underperformed peers over 3- and 5-year periods.
As on 6 Mar 2018
Yearly performance (%) The fund's performance has been inconsistent in recent years.
BASIC FACTS
Date of launch: 31 Dec 2002
Category: Equity
Type: Multi-cap
Average AUM : Rs 10,814.79 CR
Benchmark: NIFTY 50 total return
WHAT IT COSTS
NAVs*
Growth option: Rs 255
Exit load: For units in excess of 10% of the investment,1% will be charged for redemption within 365 days.
Dividend option: Rs 23
Minimum investment: Rs 5,000
Minimum SIP amount: Rs 1,000
Expense ratio (%): 2.28
*As on 6 Mar 2018
Fund manager: Sankaran Naren
Tenure: 6 Years
Education: B.TECH, MBA
Where does the fund invest? The fund has raised exposure to large-caps.
How risky is it? The fund is less volatile compared to many of its peers.
Wherever not specified, data as on 31 Jan 2018. source: Value Research
Should You Buy This fund tweaks equity exposure aggressively based on market valuations and also switches within equities, taking a contrarian approach to sector and stock selection. While it carries no market-cap bias, it is currently tilted towards large-caps, having cut exposure to mid-caps over past few years. It has cut equity exposure sharply, with its bonds allocation now forming 30% of the portfolio. Having grown in size, the portfolio is now more diversified. The fund’s value bias often results in bouts of underperformance, as exhibited in recent years, but it acts as a cushion during a market downturn. The fund is designed for investors willing to stay invested across market cycles, and its long-term track record provides comfort.
