|Category:||Equity: Tax Planning|
|Net Assets:||R 139 crore (As on Dec 31, 2013)|
|Expense:||2.88% (As on Sep 30, 2013)|
The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. It intends to invest across market capand sectors utilizing bottom up approach. It will aim to have concentrated well researched portfolio, which would be around 20 - 50 stocks.
Vetri Subramaniam since Dec 2008
Vinay Paharia since Jun 2010
The scheme aims to have a concentrated, well-researched portfolio of around 20-50 stocks so that there is no over-diversification and reduction of investor's return.
The fund's average equity allocation is 94 per cent and has 50 per cent of its portfolio invested in large cap stocks while the rest being spread among mid and small cap stocks, with mid caps garnering the dominant share.
The fund has generated above average returns since its inception but fell behind in 2012, though not in a major way. It has proved its resilience in both the market downturns of 2008 and 2011. Over long term too, it has impressive figures to show as its annualised 5-year return of 11.03 per cent is more than twice the category average of 5.13 per cent. It has always been part of the top-2 quartile and has been among the top performing funds in its category.
As far as its portfolio picks are concerned, Maruti Suzuki India is the only stock which the fund has held almost since its inception. Its highest single stock holding is in mid cap Britannia Industries of around 7.30 per cent.
It has frequently invested in large caps like Reliance Industries, Bharti Airtel, ICICI Bank, BHEL and mid caps like Britannia Industries, Apollo Hospitals Enterprise and Jain Irrigation Systems. When it comes to making money mid caps like Apollo Hospitals enterprise, ING Vysya Bank and Madras Cements are the top earners for it.
The fund has been one of the frontrunners in terms of performance history and can adapt to both falling as well as rising markets.