How has the fund performed?
The fund has a patchy long-term track record. With a 10-year return of 14.76%, the fund has beaten the benchmark (12.27%) but has underperformed the category (average return: 15.55%
Annualised performance (%)
The fund has outperformed peers across 3- and 5-year time frames.
Yearly performance (%)
The fund's performance has improved in recent years, except for a blip in 2014.
WHERE DOES THE FUND INVEST?
HOW RISKY IS IT?
All data as on 31 May 2016, unless specified. Source: Value Research
SHOULD YOU BUY?
This fund didn't fare well in its initial years but, in recent years, has steadily improved its performance under the capable hands of its current fund manager. Although investing predominantly in mid-cap stocks, the average market capitalisation of its portfolio is lower than other category peers.
Although the stock selection approach is mostly bottom-up, the fund manager doesn't shy away from taking bold sector bets, as is reflected in its large exposure to the healthcare sector. She is equally adept at handling performance across market cycles—the fund has captured more of the upside during market upticks and contained the downside during downturns in a better manner than its peers. Given its superior risk-reward equation, the fund is a worthy pick in its category.
BASIC FACTS
Date of launch: 29 March 2005
Category: Equity
Type: Small Cap
Average AUM: Rs 1,965.14 cr
Benchmark: Nifty Mid Small Cap 400
WHAT IT COSTS
NAVS*
Growth option: Rs 63.92
Dividend option: Rs 30
Minimum investment: Rs 5,000
Minimum SIP amount: Rs 500
Expense ratio^(%): 2.43
Exit load: 1% for redemption within 365 days
*As on 21 June 2016 ^As on 31 Mar 2016
Fund manager: Sohini Andani
Tenure: 5 Years And 10 Months
Education: B.Com (H) and C.A
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Source : ET
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