|Category:||Equity: Tax Planning|
|Net Assets:||R 3,095 crore (As on Sep 30, 2013)|
|Expense:||2.30% (As on Sep 30, 2013)|
The scheme seeks capital appreciation with at least 80 per cent exposure to equities, FCDs, preference shares and bonds of companies.
Vinay R. Kulkarni since Nov 2006
We like this fund for its consistent performance irrespective of the direction taken by the markets. In its 15-year history, it has underperformed the category average only thrice.
Performance driver: A diversified portfolio with no restriction to market capitalisation has been a factor that has helped this fund fare well. The diversity takes this fund to invest in a portfolio of 60 stocks which is way ahead of the category average of about 45.
Risk: Despite doing well in different market cycles over the years, this fund is not a chart topper.
Why invest? Benefits of tax deductions at low investment risk and sustained outperformance make this fund a compelling pick, which is a reason for the rise in assets this fund manages.