Flexi cap MF gave 19% returns in 3 yrs. Buy or not?
- Business
Financial Gazette- 0
- 8 minutes read
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.
DATE OF LAUNCH
29 APRIL 1997
CATEGORY
EQUITY
TYPE
FLEXI CAP
AUM*
Rs.9,150 crore
BENCHMARK
NIFTY 500 TOTAL
RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.75.06
IDCW**
Rs.54.83
MINIMUM INVESTMENT
Rs.100
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO# (%)
1.78
EXIT LOAD
1% for redemption within 364 days.
*AS ON 30 SEPT 2023
**AS ON 7 NOV 2023
#AS ON 30 SEPT 2023
FUND MANAGER
ATUL BHOLE (IN PIC) /DHAVAL GADA
7 YEARS, 4 MONTHS/
1 YEAR, 1 MONTH
Recent portfolio changes
New entrants
Coforge, Power Finance Corporation, Prudent Corporate Advisory Services, REC, Suven Pharmaceuticals (Aug). Rainbow Children’s Medicare (Sept).
Complete exits
Gujarat Gas, Mphasis, Shriram Finance, Supreme Industries (Aug). Equitas Small Finance Bank, KNR Constructions (Sept).
Should You Buy
This flexi-cap fund retains a sizeable presence in broader mid- and small-cap segments, unlike many of its peers that have a distinct large-cap bias. The fund manager shows preference for quality, growth-oriented businesses with strong business models, characterised by low capex intensity, high cash conversion and low-cost structure. He retains a small portion for tactical bets. He is comfortable paying a premium for this quality and does not shy away from deviating from the index. The fund has had an impressive track record over the years. While it saw a dip in its return profile last year, it has got back on its feet smartly this year. It remains one of the better offerings in this space.
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