- It is co-managed by the reputed Kenneth Andrade - It’s a new fund launched last month - It is a focused fund, meaning it can invest in up to 30 stocks only
So far, it has bought 19 stocks. Of them, 7 are pretty offbeat because other mutual funds haven’t found them worthy to be in their portfolios.
None of these seven stocks are owned by more than 10 actively managed equity funds. In fact, Kaveri Seed has zero takers.
Note: The number of active funds investing and average allocations excludes Old Bridge Focused Equity Fund. It is as per portfolio disclosures dated January 31, 2023.
68 per cent of the money has gone to mid- and small-cap companies at a time when they have roared in the last 12 months
The fund still has around 46.1 per cent money in cash. Meaning, they are yet to invest this money in stocks as of January 31, 2024.