When this fund hit a roadblock in 2007, questions abounded as to the end of its lucky streak. In 2007, the fund returned 39.44 per cent while the best performer in this category delivered 112 per cent! The only year it has ever underperformed its benchmark. But since then the fund has delivered top quartile annual performances.
The fund tends to take a top-down approach before going for potentially outperforming stocks. But in this strategy, it could well deviate from the current market position. With no bias towards any market cap, this fund is a great multi-cap offering with a long history of impressive performance. The rising asset base is testimony to this fact. Kulkarni has managed it smartly by increasing the number of holdings. As on June 2011, the number of stocks in the portfolio stood at 63*.
*Since July 2011 the fund has not disclosed its full portfolio.
This article was originally published on April 23, 2012.
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