BASIC FACTS
DATE OF LAUNCH
16 SEPTEMBER 2010
CATEGORY
EQUITY
TYPE
SMALL CAP
AUM*
Rs.18,358 Crore
BENCHMARK
NIFTY SMALLCAP 250
TOTAL RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.78.73
IDCW
Rs.53.91
MINIMUM INVESTMENT
Rs.5,000
MINIMUM SIP AMOUNT
Rs.1,000
EXPENSE RATIO*** (%)
1.82
EXIT LOAD
1% for redemption
within 30 days
**AS ON 5 JULY 2022
*AS ON 30 JUNE 2022
***AS ON 31 MAY 2022
FUND MANAGER
SAMIR RACHH
TENURE: 5 YEARS, 5 MONTHS
Recent portfolio changes
New Entrants: Apollo Tyres, Campus Activewear, , , eMudhra, , , Nazara Tech, Paradeep Phosphates, , The , , Venus Pipes & Tubes, , .
Complete Exits: and Special Economic Zone, , , , Nazara Tech, Tech Mahindra.
Should you buy?
With a swelling asset base, the portfolio size of this small -cap offering has now expanded to a hefty 150 stocks. This extent of diversification has led to a diluted portfolio with small positions even in top bets and a very long tail. The portfolio expansion is to manage inherent risk in this space, but brings it closer to an index offering. Beyond core small-cap exposure, the fund maintains presence in mid-caps with modest allocation to large-caps for liquidity needs. Even with bloated portfolio, the fund has put in a good show in recent years and enjoys a solid longer term track record. Yet, investors should watch for performance dilution in the face of continued inflows.
(Source: Value Research)
