|Category:||Equity: Tax Planning|
|Net Assets:||R 83 crore (As on Sep 30, 2013)|
|Expense:||2.97% (As on Sep 30, 2013)|
The scheme seeks long term capital appreciation. The scheme would take around 80-85 per cent exposure to equity, while exposure to bonds and money market instruments would be up to 20 per cent of the corpus. The scheme was made open-ended in February 2001.
Sadanand Shetty since May 2010
We like this braveheart fund for its ability to turnaround and outperform the best when the markets rally. The above-average risk when investing is a factor to consider, but it does reward the risk takers.
Performance driver: The fund manager has no restriction on investing across market capitalisation and sectors. The flexibility to move across market capitalisation has sometimes not worked and on other occasions has been the driver for this fundís great performance.
Risk: The fund is unpredictable with its returns; over the past 15 years, its returns have oscillated between two extremes.
Why invest? Investors looking for an aggressive equity fund option which also provides for tax savings should consider investing in this fund for its ability to post spectacular returns.