|Category:||Equity: Large Cap|
|Assets:||R 20,115 crore (As on Dec 31, 2018)|
The scheme seeks to generate long term capital appreciation and income distribution to investors from a portfolio that is predominantly invested in equity and equity related securities of large cap companies.
+ Anish Tawakley since Sep 2018
+ Rajat Chandak since Jul 2017
A top-of-mind choice in the large-cap category, this fund has beaten both the category and benchmark in eight of the nine years since launch. This has earned it a four- to five-star rating for much of the last six years. While a number of category peers have slipped behind benchmarks in the last one year, this fund has stayed ahead of its benchmark with a 1 percentage-point outperformance.
The fund has traditionally had a higher-than-category allocation to large caps. Its mandate earlier called for a concentrated portfolio, with the stock picks drawn from the top 200 stocks by market cap. Post the SEBI reclassification, the fund is repositioned as a pure large-cap fund. It has tweaked its mandate to maintain a minimum 80 per cent exposure to the top 100 stocks by market cap. This will not materially change its risk or return profile, given that the market-cap range is practically the same. The 'focused' approach has been dropped from the mandate. This is in any case a positive, given that the fund's burgeoning size (`16,100 crore by April 2018) made a very compact portfolio difficult. The changes will take effect from end-May.comments powered by Disqus