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 85510249WHERE THE FUND INVESTS 85510258BASIC FACTSDate of launch: 28 September 2005Category: EquityType: Flexi capAUM(As on 31 July 2021): Rs 5,741 croreBenchmark: S&P BSE 500 Total Return IndexWHAT IT COSTSNAV(As on 17 August 2021)Growth option: Rs 128.27IDCW: Rs 39.37Minimum Investment: Rs 10,000Minimum SIP Amount: Rs 100Expense ratio(As on 30 June 2021) (%): 1.93Exit load: For units in excess of 10% of the investment,1% will be charged for redemption within 365 daysFUND MANAGERAnoop BhaskarTenure: 5 Years, 3 MonthsTop 5 sectors in portfolio (%) 85510273Top 5 stocks in portfolio (%) 85510278Recent portfolio changesNew Entrants: Hindalco Industries, Mphasis, Tata Steel, Bajaj Finance, Clean Science And Technology, Zomato.Complete Exits: Britannia Industries, EPL, MRF, Power Mech Projects, Bosch, Procter & Gamble Hygiene & Health Care.Increasing allocation: HDFC Life Insurance, Tata Motors, State Bank of India, Hindalco Industries, Tata Steel, Tata MotorsHow risky is it? 85510290Source: Value ResearchShould you buy?In its previous avatar as IDFC Premier Equity, this fund took a mid-and-small-cap tilt. However, it was realigned a few years ago towards a large-cap biased fund in line with peers in the multi-cap category. It retains higher presence in the mid-cap segment relative to peers. It is now run under the flexi-cap umbrella to retain flexibility in maneuvering across market cap. The fund manager runs a diversified portfolio, but retains large positions in top few bets. Bulk of the portfolio is in market leaders offering steady compounding of earnings, supplemented by some tactical exposure to take advantage of cyclical mispricing. Apart from change in positioning, the fund has also seen several fund manager changes over the years, hurting its return profile. For now, investors can stick with more proven offerings in this space.
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