BASIC FACTS
DATE OF LAUNCH
14 FEB 2006
CATEGORY
EQUITY
TYPE
LARGE CAP
AUM*
Rs.44,819 crore
BENCHMARK
S&P BSE 100 TOTAL
RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.80.85
NAV**
IDCW
Rs.46.00
MINIMUM INVESTMENT
Rs.5,000
MINIMUM SIP AMOUNT
Rs.500
EXPENSE RATIO# (%)
1.54
EXIT LOAD
1% for redemption within 365 days
*AS ON 31 MAR 2024
**AS ON 7 MAY 2024
#AS ON 31 MAR 2024
FUND MANAGER
SAURABH PANT
1 MONTH
Recent portfolio changes
New entrants
Tata Consultancy Services (Mar).
Complete exits
Jio Financial Services (Mar).
Increasing allocation
Asian Paints, Britannia Industries, Mankind Pharma (Feb). Avenue Supermarts, ITC, Kotak Mahindra Bank, Max Healthcare Institute (Mar).
Should You Buy?
The fund has seen a leadership transition, with its seasoned fund manager passing the reins to a new successor. The previous fund manager had an unwavering focus on quality, supplemented with a buyand-hold approach. While the new fund manager will retain the quality tilt, he intends to incorporate the momentum strategy, which could bring in some churn in the portfolio. The active positions in the fund might also be hiked in the medium term to help generate excess return over the benchmark. The fund has visibly struggled to beat the index and its peers in the past few years. The new fund manager will need time to prove execution capabilities in this challenging segment.
