ET Wealth works with Value Research to analyze the best mutual funds. We take a look at the main fundamentals of the fund, its portfolio and its performance to help you make an informed investment decision.

How has the fund performed

Where the fund invests

Where the fund invests

Basic facts

  • 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 sectors

Top 5 stocks in the portfolio (%)

Top 5 stocks

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?

How risky

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.