Seeks to generate long-term capital appreciation and income distribution to unitholders from a portfolio that is invested in equity and equity related securities of about 20 companies belonging to the Large Cap domain and the balance in debt securities and money market instruments. The Fund Manager will always select stocks for investment from among the Top 200 stocks in terms of market capitalisation on the National Stock Exchange of India Ltd (NSE). If the total Assets Under Management under this scheme goes above Rs1,000 crore, the Fund Manager reserves the right to increase the number of companies to more than 20.
Style box analysis
Top 5 sectors
With more than eight years of performance history, this MF scheme has been an outstanding performer compared to both, the benchmark Nifty 50 index, and the Large Cap category average. Despite the volatility and uncertainties in the market, the MF scheme has performed better than its peers, giving a return of 31.4% over the past one year as against 23.9% and 27% returns given by the Nifty 50 index and the Large Cap category average, respectively, in the same period. Over the long-term time horizon of three years, the MF scheme has posted a compounded annual growth rate (CAGR) of 18.5%, while the Nifty 50 index and the Large Cap category average have posted a CAGR of 12.5% and 17.4%, respectively. In the recent months, the MF scheme has given a return of 4.4% compared to the returns of 2% and 2.1% posted by the Nifty 50 index and the Large Cap category average, respectively.
The MF scheme currently has about 59 stocks in its portfolio. It has nearly 95% of its net assets exposed to equity, while the balance is exposed to other money-market instruments. The top ten stocks form about 42% of the MF scheme’s portfolio. The MF scheme has invested nearly 29% of its funds in the Financial Services sector followed by IT and Energy, with 12.5% and 11% allocation, respectively.
To Read Complete Report Click Here
For Sharekhan Disclaimer http://www.sharekhan.com/Common/Research_Reports_Disclaimer.aspx
Above views are of the author and not of the website kindly read disclaimer