|Category:||Hybrid: Debt-oriented Conservative|
|Net Assets:||R 4,647 crore (As on Sep 30, 2013)|
|Expense:||2.00% (As on Sep 30, 2013)|
The scheme aims to generate regular returns through investment primarily in debt and money market instruments. It will also invest in equity and equity related securities to generate long-term capital appreciation.
Prashant Jain since Jul 2004
Shobhit Mehrotra since Sep 2007
We like this fund for its boldness to take advantage of the 25 per cent allocation to equities which it maintains on most occasions.
Performance driver: The fund managerís conviction with equity has paid off resulting in this fund becoming one of the biggest in the category. Further, equity allocation is well-diversified across sectors and stocks, with a buy and hold strategy adding to the returns. Having a diverse equity portfolio and aggressive debt portfolio with long maturity investments have also worked for this fund.
Risk: The sheer size of this fund poses risks.
Why invest? This fund may not pay outstanding returns, but the above-average consistency of returns along with low risks makes it a compelling choice.