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 81884572WHERE THE FUND INVESTS 81884586BASIC FACTSDate of launch: 27 Feb 2006Category: EquityType: ELSSAUM(As on 28 Feb 2021): Rs 3,416 crBenchmark: S&P BSE 200 Total Return IndexWHAT IT COSTSNAV(As on 30 MAR 2021)Growth option: Rs 67.377Dividend: Rs 22.49Minimum SIP Amount: Rs 500Expense ratio(As on 28 FEB 2021) (%): 2.0Exit load: NAFUND MANAGERSVihang Naik (primary fund manager), Venugopal ManghatTenure: 1 year 2 months eachTop 5 sectors in portfolio (%) 81884597Top 5 stocks in portfolio (%) 81884605Recent portfolio changesNew Entrants: Nestle India (Dec)Complete Exits: Manappuram Finance (Feb)Additions: HDFC Bank (Dec). State Bank of India (Feb)How risky is it? 81884626Should you buy?This fund saw a hand over of duties a little over a year ago after its long-serving fund manager stepped down. However, the reins have been handed over to experienced internal personnel attuned to the fund house’s approach so there is no drastic change in investing style. The fund continues to take a distinct large-cap tilt, like many peers. The portfolio construct remains index agnostic with deviations taken in sector positions. The fund managers are comfortable stepping out of the confines of the chosen index in search of opportunities. The portfolio is well diversified. The fund’s performance has been underwhelming for some years. While continuity in the core team provides comfort, it needs to show significant improvement in return profile.Source: Value Research
Thursday, April 8, 2021
Return profile of this ELSS needs to improve | Economic Times
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