Worth the aggression

Last year, the fund silenced all critics. This fund has beaten the category average every single year since inception, right till 2006. It turned out to be very average in 2007 and 2008. Questions cropped up if it had finally run out of steam. It obviously has not. Fund manager Jain has been aggressive with the equity allocation but has ensured that investors were well rewarded. An annualised return of around 25 per cent over the past 10 years is nothing short of impressive. None of its peers have been able to match s

This article was originally published on September 24, 2010.