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
31 MARCH 1993
CATEGORY
EQUITY
TYPE
ELSS
AUM*
Rs.23,888 crore
BENCHMARK
BSE 500 TOTAL
RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.409.59
IDCW
Rs.83.04
MINIMUM INVESTMENT
Rs.500
MINIMUM SIP AMOUNT
Rs.500
EXPENSE RATIO# (%)
1.62
EXIT LOAD
Nil
*AS ON 31 MAY 2024
**AS ON 11 JUNE 2024
#AS ON 31 MAY 2024
FUND MANAGER
DINESH BALACHANDRAN
7 YEARS, 8 MONTHS
Recent portfolio changes
New entrants
Kajaria Ceramics (April).
Complete exits
PB Fintech (April). Bharat Forge, Computer Age Management Services, IRB Infrastructure Developers (May).
Should You Buy
This fund stands apart from many of its peers with its distinct valueconscious stance. The fund manager avoids overpaying for the highgrowth segment when valuations are rich. It retains a large-cap tilt, but runs a bigger presence in mid caps and small caps compared to many of its peers. The fund has made the most of the turnaround in value segment in the past few years, leaving the index and peers trailing in its wake. The higher allocation to mid caps and small caps has worked in its favour as well. It must sustain this performance in order to improve its track record over the longer term.
BASIC FACTS
DATE OF LAUNCH
31 MARCH 1993
CATEGORY
Best MF to invest
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TYPE
ELSS
AUM*
Rs.23,888 crore
BENCHMARK
BSE 500 TOTAL
RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.409.59
IDCW
Rs.83.04
MINIMUM INVESTMENT
Rs.500
MINIMUM SIP AMOUNT
Rs.500
EXPENSE RATIO# (%)
1.62
EXIT LOAD
Nil
*AS ON 31 MAY 2024
**AS ON 11 JUNE 2024
#AS ON 31 MAY 2024
FUND MANAGER
DINESH BALACHANDRAN
7 YEARS, 8 MONTHS
Recent portfolio changes
New entrants
Kajaria Ceramics (April).
Complete exits
PB Fintech (April). Bharat Forge, Computer Age Management Services, IRB Infrastructure Developers (May).
Should You Buy
This fund stands apart from many of its peers with its distinct valueconscious stance. The fund manager avoids overpaying for the highgrowth segment when valuations are rich. It retains a large-cap tilt, but runs a bigger presence in mid caps and small caps compared to many of its peers. The fund has made the most of the turnaround in value segment in the past few years, leaving the index and peers trailing in its wake. The higher allocation to mid caps and small caps has worked in its favour as well. It must sustain this performance in order to improve its track record over the longer term.
