|Category:||Equity: Large Cap|
|Assets:||R 160 crore (As on May 31, 2017)|
|Expense:||2.48% (As on May 31, 2017)|
The scheme will invest primarily in equity and equity related instruments including equity derivatives of companies which should be leaders on the respective industry.
+ Taher Badshah since Jan 2017
+ Vinay Paharia since Jun 2014
This fund's mandate is slightly different from the others in the large-cap category. It selects stocks based on whether they are in a leadership position in a sector based on profit metrics, rather than market-cap range alone. This USP ensures that its portfolio is made up of stocks that weather business and economic adversity very well.
After sharp outperformance of the category for three years, the fund saw the margin of outperformance narrow down in the last one year.
Though not specifically hunting for large caps, the fund is quite large-cap tilted, with a 90 per cent plus allocation to large caps in its portfolio. The fund house's focus is on quality at a reasonable price.
While the fund has seen a slight slowdown in performance in the last one year, it has outpaced its benchmark by 3.5-6 percentage points on a three- and five-year basis. The fund's degree of outperformance relative to the category is narrower, at about 2 percentage points, over five and seven years. After a middling show until 2012, returns have seen substantial acceleration. As it is yet to see a severe bear market, its performance in a market crash is yet to be tested, though the fund weathered 2011 rather well.comments powered by Disqus