mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.BASIC FACTS DATE OF LAUNCH 28 MARCH 2005CATEGORY EQUITYTYPE MULTI CAPAUM* Rs.18,974 croreBENCHMARK NIFTY 500 MULTICAP 50:25:25 TOTAL RETURN INDEX WHAT IT COSTS NAV** GROWTH OPTION Rs.201.40IDCW** Rs.50.59MINIMUM INVESTMENT Rs.100MINIMUM SIP AMOUNT Rs.1,000EXPENSE RATIO# (%) 1.72EXIT LOAD For units in excess of 10% of the investment,1% will be charged for redemption within 365 days.#AS ON 30 JUNE 2023 *AS ON 31 JULY 2023 **AS ON 14 AUGUST 2023FUND MANAGER ASHUTOSH BHARGAVA/ SAILESH RAJ BHAN (in pic) 1 YEAR, 10 MONTHS /18 YEARS, 4 MONTHSRecent portfolio changes New entrantsFSN E-Commerce Ventures, NTPC, Shriram Finance, Timken India (June).
Amara Raja Batteries, Angel One, Jio Financial Services Limited, Kotak Mahindra Bank (July).Complete exitsDixon Technologies (India), Equitas Small Finance Bank, HDFC Life Insurance Co. (June).
Bandhan Bank, HDFC, LIC Housing Finance, Zensar Tech (July).Should you buy? Following its re-categorisation, this fund (earlier known as Reliance Equity Opportunities) now follows a true-to-label multi-cap approach, with a minimum 25% each in three market-cap segments. It invests in a combination of market leaders, sustainable alpha creators and emerging themes.
The fund runs a highly diversified portfolio, with around 100 stocks, and yet takes active sectoral calls. Despite its long history, the fund’s prior track record offers no indication of its capabilities given the shift in mandate since 2018.
However, the fund has put on a strong show in the past 2-3 years, emerging as the top performer in its category. While its overall risk-return profile is also
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