A flexicap MF making the most of current rally | Economic Times

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 the fund has performed 80894159 80894173Figures denote daily rolling returns over last 10 years.Note: Different benchmark (S&P BSE 500 TRI) is used due to non availability of stated benchmark data. Where the fund invests 80894179Basic factsDate of launch: 29 Sep, 1994Category: EquityType: Flexi capAUM (As on 31 Jan, 2020): Rs 9013.84 crBenchmark: Nifty 500 Total Return IndexWhat it costsNAV (As on 10 Feb, 2021)Growth option: Rs 785.7166Dividend: Rs 44.3391Minimum investment: Rs 5,000Minimum SIP Amount: Rs 500Expense ratio (As on 31 Dec, 2020)%: 1.81Exit load: 1% for redemption within 365 daysFund managers: R. Janakiraman/Anand RadhakrishnanTenure: 10 years/13 years, 9 monthsTop 5 sectors in portfolio (%) 80894185Top 5 stocks in portfolio (%) 80894198Recent portfolio changesNew Entrants: Bata India (Nov), Metropolis Healthcare (Dec)Complete Exits: CG Power & Industrial Solutions, Dabur India (Nov), Kotak Mahindra Bank, Vodafone Idea (Dec), Container Corp, Cummins India (Jan)Additions: Cadila Healthcare, Bata India (Dec), NTPC, Lupin, ACC, United Spirits, Aditya Birla Fashion and Retail (Jan)How risky is it? 80894208Source: Value ResearchShould you buy?This fund—earlier known as Franklin India Equity—has been renamed after its shift from the multi cap to flexi cap category. Like other funds in this new space, the shift is merely cosmetic. It allows the fund to retain its go-anywhere approach to different market cap segments. The fund manager plies a quality focused approach with an overlay of value bias. The portfolio is reasonably diversified yet features large positions in its top bets. The fund has struggled a bit in recent years as its value tilt held it back in a divergent market riding on momentum. It has fared better in current uptick but needs to show consistent, sustained outperformance to be considered among the top pick