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
17 SEPTEMBER 2004
CATEGORY
EQUITY
TYPE
FLEXI CAP
AUM*
Rs.8,689 crore
BENCHMARK
NIFTY 500 TOTAL
RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.178.68
IDCW**
Rs.23.99
MINIMUM INVESTMENT
Rs.100
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO# (%)
1.75
EXIT LOAD
1% for redemption within 365 days
*AS ON 31 DEC 2023
**AS ON 6 FEB 2024
#AS ON 31 DEC 2023
FUND MANAGER
DHRUV MUCHHAL/ROSHI JAIN (PIC)
7 MONTHS / 2 YEARS
Recent portfolio changes
New entrants
Piramal Pharma (Nov). Avalon Technologies, Sapphire Foods India (Dec).
Complete exits
Bank of Baroda, Larsen & Toubro, SBI Cards & Payments Services (Nov). Infosys (Dec).
Should You Buy
This fund was earlier run as HDFC Core & Satellite, and adopted the focused mandate in 2018. While running a compact portfolio, it takes a sector-agnostic approach to provide diversification. Like many of its peers, it has a large-cap bias. It prefers fundamentally strong businesses, competitively placed in an industry with good prospects. The fund takes a long-term view and uses near-term volatility to reinforce conviction ideas. The fund’s long-term track record has shown erratic outcomes. However, it has managed a turnaround in return profile since 2021, outperforming the index consistently. A continued momentum in performance will make it a compelling offering.
