ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
BASIC FACTS
DATE OF LAUNCH
4 MARCH 2008
CATEGORY
EQUITY
TYPE
SMALL CAP
AUM*
Rs.12,934 crore
BENCHMARK
S&P BSE 250 SMALLCAP
TOTAL RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.73.05
IDCW
Rs.31.36
MINIMUM INVESTMENT
Rs.5,000
MINIMUM SIP AMOUNT
Rs.300
EXPENSE RATIO*** (%)
1.91
EXIT LOAD
1% for redemption
within 365 days.
*AS ON 31 JULY 2022
***AS ON 30 JUNE 2022
**AS ON 16 AUGUST 2022
FUND MANAGER
CHIRAG SETALVAD
TENURE: 8 YEARS
Recent portfolio changes
New Entrants: NA
Complete Exits: NA
Increasing allocation: Bank Of Baroda,
, Gateway Distriparks, , .
Should you buy?
A mid- and small-cap fund in its previous avatar, this fund initally retained sizeable mid-cap presence after repositioning as a small-cap fund. It has recently hiked its core presence in small-caps, taking a more aggressive tilt than many peers. The fund portfolio is well diversified yet retains healthy positions in top few bets, with a bias towards quality. The fund performance has been highly erratic, prone to alternating bouts of sharp outperformance and underperformance. Its risk-return profile is placed unfavourably relative to many peers. With returns not commensurate for the risks taken, investors may opt for more proven offerings in this space.
(Source: Value Research)
