Objective

The Scheme aims to provide growth of capital along with income tax exemption benefits to investors.

Scheme’s performance

Style box analysis

Top 5 sectors

Scheme analysis

With a long history of more than 17 years, the MF scheme has been an outperformer compared to both, the benchmark Nifty 500 index and the Tax Saving (ELSS) category average in more than three years. Despite the volatility and uncertainties in the market, the MF scheme has performed better than its peers, giving a return of 23.2% over the past three years as against 16.9% and 21.6% returns given by the Nifty 500 index and the ELSS category average, respectively, in the same period. Over the longterm time horizon of five years, the MF scheme has posted a compounded annual growth rate (CAGR) of 17.8%, while the Nifty 500 index and the ELSS category average have reported a CAGR of 12.8% and 17%, respectively. In the recent months, the MF scheme has given a return of 2.5% compared to the 3.8% return posted by the Nifty 500 index and the 3.2% return generated by the ELSS category average.

The MF scheme currently has about 51 stocks in its portfolio. It has nearly 93% of its net assets exposed to equity, while the rest is exposed to other debt and money-market instruments. The top ten stocks form about 46% of the MF scheme’s portfolio. The MF scheme has invested nearly 34% of its funds in the Financial Services sector followed by Automobile and Energy sectors, with 16% and 9% allocations, respectively.

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