An ELSS with a healthy long-term track record | 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 83660794Where the fund invests 83660806Basic factsDate of launch: 26 December 2008Category: EquityType: ELSSAUM (As on 31 May 2021): Rs 3,271 crBenchmark: S&P BSE 200 Total Return IndexWhat it costsNAV (As on 15 June 2021)Growth option: Rs 85.91IDCW: Rs 25.07Minimum Investment: Rs 500Minimum SIP amount: Rs 500Expense ratio (As on 30 April 2021) (%): 1.94Exit load: 0%Fund Manager: Daylynn Gerard Paul PintoTenure: 4 YEARS, 7 MONTHSTop 5 sectors in portfolio (%) 83660811Top 5 stocks in portfolio (%) 83660822Recent portfolio changesNew Entrants: Tata Steel, Wabco India, Axis Bank, ICICI Prudential Life.Complete Exits: AIA Engineering, Ipca Laboratories, MRF, Nava Bharat Ventures, ICICI Lombard, ICICI Securities, Wabco India.Increasing allocation: EIH, Axis Bank, PSP Projects, Tata Steel, State Bank of India, CiplaHow risky is it? 83660831Should You BuyThis fund takes a conscious diversified stance across the market cap spectrum. Its aggressive 30-40% allocation to mid- and smallcaps is uncommon in the category. The fund portfolio is diversified, taking large positions in bigger companies but capping exposure to bets in the mid- and small-cap space. The differentiated stance results in large deviation relative to benchmark index. The fund endured a difficult phase in 2018 and 2019 but has picked up since last year. Its history reveals alternating bouts of sharp outperformance and underperformance, but a healthy longer term return profile.Source: Value Research