Fund Analysis

Patience pays

The fund may not be a star performer, but it has proven its mettle over longer investment horizons and rewards patience

The fund may not be a star performer, but it has proven its mettle over longer investment horizons and rewards patience

Launched more than two decades ago, this veteran fund shows consistency over the long term rather than over-the-top performance in shorter periods. Being a flexi-cap fund managed with a steady portfolio strategy, it is meant to be a part of a long-term portfolio that aims to build wealth in the long run. Anchored portfolio tenets The fund follows a growth at reasonable valuation philosophy and uses a mix of top-down and bottom-up approaches to build its portfolio. Getting some of its sector calls right has contributed to the consistent performance of this fund over the years. The fund may also invest in IPOs, emerging sectors, concept stocks, and other primary market offerings if they meet its investment criteria. From a bottom-up perspective, the fund tries to capitalise on three themes: 1. Look for companies that are at an inflection point of growth. For instance, these could be the companies that are through with their capital expenditure and look set to reap its benefits. 2. Look fo

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