DSP Midcap: Modest outperformance over time

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 77165300Figures denote daily rolling returns over last 10 years.Where the fund invests 77165302Basic factsDate of launch 14 Nov 2006Category: EquityType: Mid capAUM (As on 30 Jun 2020) Rs 6,962.36 CRBenchmark: NIFTY MIDCAP 100 Total Return IndexWhat it costs (As on 21 Jul 2020)Growth option: Rs 56.218Dividend option: Rs 18.535Minimum investment: Rs 500Minimum SIP amount: Rs 500Expense ratio (As on 30 Jun 2020): 1.93%Exit load: 1% for redemption within 364 daysFund Manager Vinit Sambre : Tenure: 7 years, 11 monthsTop 5 sectors in portfolio (%) 77165310Top 5 stocks in portfolio (%) 77165315Recent portfolio changesNew Entrants: NAComplete Exits: Pennar Industries (June)Additions: Hatsun Agro Products (May & June), Federal Bank, Gujarat State Petronet, Supreme Inds, Voltas (June)How risky is it? 77165319Based on 3-year performanceSource: Value ResearchShould you buyEarlier a mid and small cap fund, this fund aligned with the mid-cap mandate post reclassification. Its ex-mid cap presence is tilted towards large caps, like many peers in the category. Amid the shift, the fund has cut down its portfolio sizeably from 68 stocks three years ago to a more compact 46. It still retains modest exposure to its top bets, shunning outsized positions. Its sector exposure is mostly aligned with the index. The fund’s track record suggests modest outperformance over longer time frames. However, the fund’s strategy has been executed well in recent years under the helm of its capable fund manager. Particularly, superior downside protection gives this fund an edge over many others.

from Economic Times https://ift.tt/32TqgnT