|Category:||Hybrid: Debt-oriented Conservative|
|Net Assets:||R 231 crore (As on Sep 30, 2013)|
|Expense:||2.48% (As on Sep 30, 2013)|
The fund seeks to generate to income through investment primarily in debt securities with marginal exposures in equity and money market instruments of various maturities and risk profile.
Avnish Jain since Oct 2013
Ravi Gopalakrishnan since Sep 2012
This fund has had good and bad years, but it rewards investors who stay invested for the long-term; having outperformed the category average in 7 of its 10-year history.
Performance driver: Investments in bluechip stocks with a higher allocation to mid-cap stocks has increased diversity and helped this fund with performance. Following an accrual strategy with fixed income investments with high-quality debt instruments that are held till maturity has worked for the fund.
Risk: Higher allocation to equities by the fund does pose risks when the markets fare poorly.
Why invest? This fund has matured to maintain its equity exposure at 25 per cent or lower to be a suitable bet for low risk takers with above-average returns.