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
25 JUNE 2007
CATEGORY
EQUITY
TYPE
MID CAP
AUM*
Rs.60,187 crore
BENCHMARK
NIFTY MIDCAP 150 TOTAL
RETURN INDEXWHAT IT COSTS
NAV**
GROWTH OPTION
Rs.150.06
IDCW**
Rs.45.78
MINIMUM INVESTMENT
Rs.100
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO# (%)
1.44
EXIT LOAD
1% for redemption within 365 days
*AS ON 29 FEB 2024
**AS ON 19 MAR 2024
#AS ON 29 FEB 2024
FUND MANAGER
DHRUV MUCHHAL/CHIRAG SETALVAD (PIC)
8 MONTHS /16 YEARS, 9 MONTHS
Recent portfolio changes
New entrants
ACC, PB Fintech (Dec).
Complete exits
RBL Bank (Dec).Shriram Finance (Jan).
Should You Buy
This mid-cap fund has now earned the distinction of being the largest pure equity fund in the country. In recent times, it has reduced its exposure to mid caps in favour of large caps, while maintaining its core mandate. Despite its ballooning size, it has managed to keep its portfolio holdings constant and has not opted for further diversification. After years of tepid performance, the fund has managed to engineer a smart turnaround after 2022. It has consistently delivered superior returns compared to many of its peers, alleviating any concerns regarding its increasing size.
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