How has the fund performed
Where the fund invests
- Launch date: December 15, 1999
- Category: Equities
- Type: ELSS
- AUM (as of October 31, 2021): Rs 3,046 cr
- Benchmark: NIFTY 50 Total Return Index
What it costs
NAV (as of December 7, 2021)
- Growth option: Rs 145.59
- IDCW: Rs 30.42
- Minimum investment: Rs 500
- Minimum SIP amount: Rs 500
- Spending rate (as of October 31, 2021) (%): 2.26
- Output load: 0%
The head of financing: Vetri Subramaniam
Duration: 4 years, 2 months
Top 5 sectors in the portfolio (%)
Top 5 stocks in the portfolio (%)
Recent portfolio changes
- New entrants: ABB India, Can Fin Homes, Praj Industries, State Bank of India. FSN e-commerce companies.
- Complete outings: Housing Development Finance Corporation, Indraprastha Gas, Vardhman Textiles.
- Growing allowance: Supreme Inds, Can Fin Homes, Lupine, Dr. Reddy’s, ICICI Lombard, MCX, ABB India, City Union Bank, ISGEC Heavy Engg, Whirlpool, Godrej Consumer, Jamna Auto.
How risky is it?
Source: value research
Should you buy
This fund maintains a broad-cap orientation like many peers in this category, but to a lesser extent. It continues to have a significant presence in mid caps. The fund attempts to invest in companies with healthy return ratios, cash flow and sound management. The portfolio is highly diversified, but retains some important positions in its best bets. The fund’s performance history until a few years ago was very disappointing, lagging behind its peers. However, the fund has seen an impressive turnaround at the hands of its current fund manager. With a strong emphasis on good risk-adjusted return, the fund is emerging as a good alternative in its class.