A distinguished offering in the flexi-cap space with a five-star rating, the fund has garnered much attention from investors in recent years. Its unique proposition of limited global diversification has helped it perform better than its category peers. The fund's flexible investment mandate makes it suitable to be a core holding of a long-term portfolio that aims to build wealth in the long run. Its allocation to equities abroad should appeal to those looking to diversify internationally. Differentiated strategy This fund is one of the select few that exercises its flexibility to invest in international stocks for up to one-third of its assets and does so actively in a steady state. It has mostly ranged from 25-30 per cent of its total assets (see graph below). The fund usually carries a relatively concentrated portfolio than its peers, ranging from 25-33 stocks. Being value-oriented, it isn't averse to sitting on cash positions for extended periods. It can do so up to 35 per cent of its total assets if it is uncomfortable with the valuation levels of stocks on its buy list. At times, the fund also enters into arbitrage trades when its allocation to domestic equity falls short of 65 per cent of AUM, a level required to qualify for the preferential tax treatment of an equity-oriented fund. Earlier this year, the fund had put gates on fresh investments, per SEBI's advice, to avoid a breach of the industry-wide limits on overseas investments. However, in about a month, these were lifted,
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