This tax-saver MF has built great record in 5yrs

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 80419574 80419603Where the fund invests 80419582Basic factsDate of launch: 28 December 2015Category: EquityType: ELSSAUM*: Rs 5,489 crBENCHMARK: NIFTY 200 Total Return IndexWhat it costsNAV**Growth option: Rs 24.277Dividend: Rs 19.461Minimum investment: Rs 500Minimum SIP amount: Rs 500Expense ratio*** (%): 1.86Exit load: 0% for redemption within 30 days*As on 31 Dec, 2020**As on 19 Jan, 2021***As on 31 Dec, 2020Fund manager: Neelesh SuranaTenure: 5 yearsTop 5 sectors in portfolio (%) 80419597Top 5 stocks in portfolio (%) 80419610Recent portfolio changesNew entrants: Britannia Inds, ICICI Lombard General Insurance, Torrent Pharma (Nov). Muthoot Finance (Dec)Complete exits: IIFL Securities, MindTree, Route Mobile (Oct). Lupin (Nov). Kajaria Ceramics, NTPC (Dec)Additions: Ashok Leyland, Axis Bank, Dabur India, Gujarat State Petronet, HDFC Bank, ICICI Bank, JK Cement, Maruti Suzuki, MRF, Natco Pharma, Orient Electric, Prince Pipes & Fittings, Reliance Industries, Tata Steel, Torrent Pharmac, UTI AMC (Dec)How risky is it? 80419618Should you buy? This tax saving fund has recently completed five years of operations. It adopts the same investing ethos of its larger siblings—Mirae Asset Large Cap and Mirae Asset Emerging Bluechip—with emphasis on quality of earnings, without overpaying for it. In terms of market cap positioning, it lies at the intersection of the two offerings but borrows ideas more from Emerging Bluechip, managed by the same fund manager. Given its positioning, it tends to give higher weight to large caps compared to mid cap ideas. It has built an impressive track record within a short span of time, with a superior risk-return profile in its category. The proven capabilities of its fund manager provide comfort for the long haul.Source: Value Research

from Economic Times https://ift.tt/3ofsVPM