Bottom-up Picker

Launched in October 2005, it had a bad start with a return of just 8 per cent in 2006 (category average: 28%). But ever since 2007, it has consistently beaten the category average. In both the bull runs of 2007 and 2009, it managed to do so by a margin of at least 7 per cent. In the bear hug of 2008, it lost just 50 per cent (category average: -60%). A commendable feat when one realises that that the fund didn't resort to aggressive cash calls. In fact, the fund's cash allocation never exceeded 10 per cent in 2008. CIO Ra

This article was originally published on July 07, 2010.