The fund had around 58.81 lakh shares of Reliance Industries in its portfolio in March and 58.25 lakh shares in February.
The fund had around 3.58 crore shares of Jio Financial Services in March and 3.47 crore shares in February.
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Coming to Adani Power, in February the scheme had 1.07 crore shares in its portfolio which were slashed to to 44.42 lakh in March.
The analysis further showed that the top three holdings of the fund — Reliance Industries, JIO Financial Services, and Bikaji Foods International — have remained the same on a month-on-month basis. In terms of holdings, the fund had the highest exposure in RIL of around 10.08% in March against 9.90% in February. In Jio Financial Services, the holding in March was 7.30% against 6.27% in February. The fund has increased its exposure to Hindustan Copper, National Aluminium Company, RBL Bank and few other stocks. The total exposure of the fund in Hindustan Copper was 2.84% in March against 2.78% in February.The exposure in National Aluminium Company has also increased to 2.75% in March from 2.63% in February. The stake in RBL Bank increased to 2.73% in March from 2.25% in February.
The fund decreased its holdings in Bikaji Foods International, IRB Infrastructure Developers, Railtel Corporation Of India, Minda Corporation, and in some other stocks.
Two stocks — Arvind Limited and Punjab National Bank — have made space for themselves in the top 10 holdings of the fund.
The scheme added Maruti Suzuki India, Gopal Snacks, Tata Steel, NLC India, and Tata Consultancy Services to its portfolio in March.
The top 10 holdings of the scheme account for 40.23%; top 20 holdings account for 57.79%, and the top 30 holdings account for 70.68% in March.
The cash holdings of the fund have decreased to 4.28% in March from 5.53% in February.
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The fund has high exposure to PSU, oil & gas, metals, FMCG, construction, telecom, power, and other major sectors compared to the weightage in index.
The scheme has offered superior returns across different horizons and has managed to outperform its benchmark. In the last six months, the scheme delivered 25.27% return against 17.43% return by its benchmark (NIFTY SMALLCAP 250 TRI). In the last one year, the scheme gave 66.51% return compared to 64.15% return by the benchmark. A monthly SIP of Rs 10,000 in the fund in the last one year would have been Rs 1.54 lakh with 57.56% XIRR.
In the last three years, the scheme delivered 40.38% return against 28.33% return by the benchmark. The scheme has delivered 12.12% return since its inception. A monthly SIP of Rs 10,000 since its inception would have been Rs 3.53 crore now.
Launched in October 1996, the scheme manages assets worth Rs 17,349 crore as of March 31. The fund has invested 30.52% in largecap, and 65.20% in smallcap schemes. The scheme is managed by Ankit Pande, Vasav Sahgal, Sanjeev Sharma.
