BASIC FACTS
DATE OF LAUNCH
9 APRIL 1996
CATEGORY
EQUITY
TYPE
LARGE CAP
AUM*
Rs.37,081 crore
BENCHMARK
NIFTY 100 TOTAL
RETURN INDEXWHAT IT COSTS
NAV**
GROWTH OPTION
Rs.1,136.07
IDCW
Rs.63.50
MINIMUM INVESTMENT
Rs.100
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO# (%)
1.60
EXIT LOAD
1% for redemption within 365 days
*AS ON 31 JUL 2024
**AS ON 12 AUG 2024
#AS ON 31 JUL 2024
FUND MANAGER
RAHUL BAIJAL
2 YEARS
Recent portfolio changes
New entrants
Cummins India (May).
DLF, Zomato (Jun).
Complete exits
Wipro (May).
Should You Buy
The fund has been going through a transition phase following the exit of its previous veteran fund manager, Prashant Jain. While the fund was then run with a distinct contrarian stance, the new fund manager adopts a blend of growth and value. He prefers companies with strong moats, robust processes and systems, and a long track record of riding through business cycles, supplemented by demonstrated coporate governance. After a prolonged lean patch till 2020, the fund has witnessed a turnaround in recent years as it has benefitted from the market’s preference for value stocks. It has been able to beat the index comfortably, but investors should let the new captain build a track record of consistent delivery.