A large & mid cap MF with modest performance | Economic Times

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentalsof the fund, its portfolio and performance to help you make an informed investment decision.How the fund has performed 84702678Where the fund invests 84702682Basic factsDate of launch: 27 July 2007Category: EquityType: Large & Mid CapAUM (As on 31 May 2021): Rs 1,596 croreBenchmark: NIFTY Large Midcap 250 Total Return IndexWhat it costsNAV (As on 20 July 2021)Growth option: Rs 48.69IDCW: Rs 22.06Minimum Investment: Rs 100Minimum SIP amount: Rs 100Expense ratio (As on 31 May 2021) (%): 2.20Exit load: For units in excess of 25% of the investment, 1% will be charged for redemption within 365 daysFund Managers: Rahul Baijal/Bharat STenure: 4 months eachTop 5 sectors in portfolio (%) 84702697Top 5 stocks in portfolio (%) 84702708Recent portfolio changesNew entrants: Hindalco Industries, Indraprastha Gas, Schaeffler India. Motherson Sumi Systems, Shriram Transport Finance, Sona BLW Precision Forgings.Complete exits: Aditya Birla Fashion, M&M, The Federal Bank.Increasing allocation: Bharti Airtel, Astral, HDFC, Schaeffler India, Gland Pharma, Varun Beverages, Axis Bank, Indraprastha Gas, ICICI Bank, Apollo Hospitals, PI Inds.How risky is it? 84702719Source: Value ResearchShould you buy?This fund was earlier run as a multi-cap offering, Sundaram Equity Multiplier. It was designated as a large and midcap fund when the category was introduced. The fund strategy itself has not changed much, retaining a large-cap tilt up to 60% of corpus with the rest in mid-caps. The portfolio is fairly diversified, but retains large positions in bigger companies and limits size of individual bets in midcap space. The preference is for companies with high growth outlook over 3-5 years. The fund’s track record is modest with marginal outperformance over index across time frames. With a new fund manager, the fund may need to prove execution capabilities over longer time frames.