|Category:||Equity: Large Cap|
|Assets:||R 127 crore (As on Jan 31, 2017)|
|Expense:||2.64% (As on Dec 31, 2016)|
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
Formerly called Religare Invesco Business Leaders Fund, this fund selects businesses that are in leadership positions in a sector, rather than on the basis of pure market-cap range. A relatively recent entrant to the category, it has seen its three-star rating upgraded to four stars in the last two years. The fund has been quite large-cap-tilted, with a 90 per cent plus allocation to large caps. Mid-cap allocations range from 5-10 per cent. The fund is managed in a growth-at-a-reasonable-price style. The portfolio is compact, with 40-50 stocks. The fund house's focus is on quality companies with strong cash flows and high returns on capital.
While the fund has seen a slight slowdown in performance in the last one year, three- and five-year returns show it to be 4-6 percentage points ahead of the benchmark, with an outperformance of 1-2 percentage points vis-a-vis the category. The fund has outpaced its benchmark and category every year except 2012. The returns, however, have seen substantial acceleration after 2012. As it is yet to see a severe bear market, its performance in a market crash is yet to be tested, though the fund survived the decline of 2011 rather well. With the direct plan delivering a 19.5 per cent CAGR in three years against the regular plan's 17.8 per cent, the former has managed higher outperformance with respect to the category.
It's a fund that sticks to quality large caps and subjects you to minimal shocks.comments powered by Disqus