This midcap MF made a strong comeback in 2020

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 82006138 Where the fund invests 82006148 Basic factsDate of launch: 29 MARCH 2005Category: EquityType: Mid-capAUM (As on 28 Feb 2021): Rs 4,774 crBenchmark: NIFTY Midcap 150 Total Return Index What it costsNAV (As on 6 April 2021)Growth option: Rs 107.4447Dividend: Rs 43.9024Minimum sip amount: Rs 500Expense ratio (As on 28 Feb 2021) (%): 2.12Exit load: 1% for redemption within 365 days Fund managers: Sohini AndaniTenure: 10 years, 8 months Top 5 sectors in portfolio (%) 82006160 Top 5 stocks in portfolio (%) 82006168 Recent portfolio changesNew entrants: Indigo Paints (Jan). MindTree (Feb)Complete exits: Bandhan Bank, Burger King India (Jan). Sadbhav Engineering (Feb)Additions: NCC (Jan). Tube Investments Of India, City Union Bank (Feb).How risky is it? 82006179Should you buy?Apart from its mid-cap focus, the fund prefers exposure to small-caps over large-caps given the longer runway for growth in the former. Even the large-caps are mostly erstwhile mid-caps that have grown bigger. While the fund portfolio is well diversified, it features healthy positions in top bets. The fund manager prefers businesses that offer scaling in size with multi-year compounding opportunity. She is comfortable taking sizeable positions in conviction bets. The fund performance was underwhelming prior to 2020 as it started betting on economic recovery early. The fund made a strong comeback in 2020 and the momentum continues. Presence of a seasoned fund manager provides comfort but the funds needs to sustain performance. Source: Value Research

from Economic Times https://ift.tt/2PXSRV1