Getty ImagesET 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
27 FEBRUARY 2007
CATEGORY
EQUITY
TYPE
LARGE & MIDCAP
AUM*
Rs.5,292 Crore
BENCHMARK
NIFTY LARGE MIDCAP 250
TOTAL RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.55.34
IDCW
Rs.23.32
MINIMUM INVESTMENT
Rs.100
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO*** (%)
1.89
EXIT LOAD
For units in excess of 25% of the investment,1% will be charged for redemption within 365 days
*AS ON 30 NOVEMBER 2022
**AS ON 5 JANUARY 2023
***AS ON 30 NOVEMBER 2022
FUND MANAGER
RAVI GOPALAKRISHNAN
TENURE: 11 MONTHS
Recent portfolio changes
New Entrants: The Indian Hotels Company, Triveni Turbine, Indusind Bank, Voltas.
Complete Exits: Gland Pharma, MRF, Samvardhana Motherson International.
Increasing allocation: Cholamandalam Investment & Finance, Oberoi Realty, United Breweries (Oct), FSN E-Commerce Ventures, TCI Express, The Indian Hotels Company, United Breweries (Nov).
Should you buy?
Earlier run as a multi cap offering Sundaram Equity Multiplier, this fund was designated a large and mid cap fund in 2018. The fund positioning itself has not budged, retaining a large cap tilt with up to 60% of corpus in it and the rest in mid caps. The portfolio is fairly diversified, but retains large positions in bigger companies and limits size of individual bets in mid cap space. The preference is for businesses with long growth runway. After two years of strong showing, the fund witnessed a blip in 2022, when market preferences shifted towards value stocks. A new yet experienced fund manager at the helm may need time to steer fund towards consistent outperformance.
(Source: Value Research)
BASIC FACTS
DATE OF LAUNCH
27 FEBRUARY 2007
CATEGORY
EQUITY
TYPE
LARGE & MIDCAP
AUM*
Rs.5,292 Crore
BENCHMARK
NIFTY LARGE MIDCAP 250
TOTAL RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.55.34
IDCW
Rs.23.32
MINIMUM INVESTMENT
Rs.100
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO*** (%)
1.89
EXIT LOAD
For units in excess of 25% of the investment,1% will be charged for redemption within 365 days
*AS ON 30 NOVEMBER 2022
**AS ON 5 JANUARY 2023
***AS ON 30 NOVEMBER 2022
FUND MANAGER
RAVI GOPALAKRISHNAN
TENURE: 11 MONTHS
Recent portfolio changes
New Entrants: The Indian Hotels Company, Triveni Turbine, Indusind Bank, Voltas.
Complete Exits: Gland Pharma, MRF, Samvardhana Motherson International.
Increasing allocation: Cholamandalam Investment & Finance, Oberoi Realty, United Breweries (Oct), FSN E-Commerce Ventures, TCI Express, The Indian Hotels Company, United Breweries (Nov).
Should you buy?
Earlier run as a multi cap offering Sundaram Equity Multiplier, this fund was designated a large and mid cap fund in 2018. The fund positioning itself has not budged, retaining a large cap tilt with up to 60% of corpus in it and the rest in mid caps. The portfolio is fairly diversified, but retains large positions in bigger companies and limits size of individual bets in mid cap space. The preference is for businesses with long growth runway. After two years of strong showing, the fund witnessed a blip in 2022, when market preferences shifted towards value stocks. A new yet experienced fund manager at the helm may need time to steer fund towards consistent outperformance.
(Source: Value Research)
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