GOOD TRACK RECORD, NEW MANAGER
Monday 31st December, 2018
|| WEALTH (The Economic Times)
GOOD TRACK RECORD, NEW MANAGER
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.
HOW HAS THE FUND PERFORMED ? BASIC WHERE DOES THE With a 10-year return of 23.68 %, the fund has fared significantly better FACTS FUND INVEST ?
than the benchmark index (18.72 %) and the category average (21.53 %). DATE OF LAUNCH
.. 19 APR 2007. Growth of 310,000 vis-a-vis AL CORY Portfolio asset Fund category and benchmark EQUITY allocation style box TYPE Growth Blend Value W Large- 2 Zz MID-CAP 8.59 % 5 Ul I 2 AVERAGE AUM wmid-cap8313 % 5 a ₹10,000 7244.50 CR m small-cap 8.27 %&mm m I BENCHMARK Debt&Cash Hd E Re id NIFTY MIDCAP 100 4.36 % INVESTMENT STYLE os oe TOTAL RETURN INDEX Portfolio mostly comprises mid-caps, rest equally split between large-and small-caps. DEC 2008 DEC 2011 DEC 2014 26 DEC 2018 In.
© The fund has comfortably beaten both Financial (2129 3 % peers and the index over the past decade. NAVs* Raallicare EE GROWTH OPTION. DIVIDEND OPTION Annualised performance (%) 325 Energy 7:38 FUND BINDEX BM CATEGORY AVERAGE MINIMUM INVESTMENT Services PE 75,000 20.91 18.44 19.65 MINIM oe AMOUNT The fund has a strict bottom-up approach, so any sector bias is just incidental. 11.28 10.86 9.27 EXPENSE RATIO (%) 104 293 “ 43 % 216 1553 13.36 A i i 2.69 Top 5 stocks in portfolio (%) EXIT LOAD RBL Bank 1 % for redemption oo-within 365 days 3 Financia 6 MONTHSIYEAR 3 YEARS 5 YEARS “ AS ON 26 DEC 2018
Apollo Hospitals AS ON 26 DEC 2018
© The fund has outperformed Aditya Birla across time periods. Fastin and
The fund runs a compact portfolio with
Yearly performance (%) no outsized positions in its top bets.
BM FUND BINDEX BICATEGORY AVERAGE How risky is it ?
Fund Category Index Standard Deviation 0 %:17.26 19.03 44.32 49.28 43.15
6.38 760 8.76 -703 -1605 -1376 Sharpe Ratio 0.21 0.31 Return 9.90 12.27 2015 2016 2017 2018 MANAGER BASED ON 3-YEAR PERFORMANCE.
The fund has contained the recent The fund has struggled in the AS ON 26 DEC 2018 PRANAV GOKHALE downside better than its peers.
past few years TENURE:8 MONTHS
EDUCATION:M.COM, CA WHEREVER NOT SPECIFIED, DATA AS ON 30 NOV 2018. SOURCE:VALUE RESEARCH
This mid-cap fund has a strict flows and scalable business overweight positions in its the past few years. However, it bottom-up approach to portfolio model's. It is biased towards individual bets relative to the has managed the recent downside construction and remains sector-growth-oriented businesses but index, but keeps exposure in each better than peers, which augurs
agnostic. It emphasises on quality does not overpay for growth. The limited to 5 % of the portfolio. The well for the long term. Consider companies with high return on portfolio is compact compared fund has a healthy long-term track the fund if out performance is capital employed, healthy cash to most peers. The fund prefers record but has been struggling for continues under the new manager.