An MF with a steady long-term track record

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.How the fund has performed 81123583Figures denote daily rolling returns over last 10 years.Note: Different benchmark (S&P BSE LARGE MIDCAP TRI) is used due to non availability of stated benchmark data.Where the fund invests 81123598Basic factsDate of launch: 12 november 2008Category: EquityType Large & mid capAUM (AS ON 31 JAN 2021): Rs 2,328 crBenchmark: Nifty Large Midcap 250 Total Return IndexWhat it costsNAV (As on 16 Feb 2021)Growth option: Rs 146.08Dividend: Rs 53.9Minimum investment: Rs 300Minimum SIP amount: Rs 100expense ratio(as on 31 Jan 2021)%: 2.02Exit load: For units in excess of 24% of the investment,1% will be charged for redemption within 365 daysFund manager: Ravi GopalakrishnanTenure: 1 year, 3 monthsTop 5 sectors in portfolio (%) 81123626Top 5 stocks in portfolio (%) 81123633Recent portfolio changesNew Entrants: L&T Finance Holdings, Tata Power (Nov) Polycab India (Dec)Complete Exits: Bata India, MRF, Muthoot Finance, Sun TV Network, Whirlpool Of India, Wipro (Nov) Hero Motocorp (Jan)Additions: Federal Bank, Ipca Labs, Varun Beverages, Mold-Tek Packaging, Larsen & Toubro, HDFC, Cholamandalam Inv (Nov). Tata Power (Dec). Bharti Airtel, L&T Finance Holdings (Jan)How risky is it? 81123650Source: Value ResearchShould you buy?Before its classification as a large & midcap fund in 2018, this fund had a sizeable small cap holding. The realignment to its revised mandate took some time to be sorted owing to the drying up of liquidity in the broader market around this time. The portfolio size has also witnessed a cut to a more reasonable 60 stocks. This has allowed the fund to take larger positions in its top bets, compared to earlier diluted stance. The fund boasts a healthy long-term track record of outperformance. It has seen a change at the helm recently. While recent performance has been strong, the execution of revised strategy under new fund manager needs to be assessed over longer time period.

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