The primary objective of the scheme is to generate longterm capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.
Style box analysis
Top 5 sectors
With more than 11 years of experience, the MF scheme has been an outperformer compared to both, the benchmark S&P BSE 100 index and the Tax Saving (ELSS) category average. Despite the volatility and uncertainties in the market, the MF scheme has performed better than its peers, giving returns of 22.8% over the past one year as against 17.6% and 18.8% returns given by the benchmark index and the category average, respectively, in the same period. Over the long-term time horizon of three years, the MF scheme has posted a 28.9% compounded annual growth rate (CAGR), while the S&P BSE 100 and the category average have reported a CAGR of 14% and 21.9%, respectively. In the recent months, the MF scheme has given a return of 6.6% compared to the 1.7% return posted by the benchmark index and the 2.8% return from the ELSS category average.
The MF scheme currently has about 56 stocks in its portfolio. It has nearly 97% 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 47% of the MF scheme’s portfolio. The MF scheme has invested nearly 23% of its funds in the Financial Services sector followed by Industrial Manufacturing and Automobile sectors, with 18% and 16% allocations, respectively.
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