Despite its aggression, it's a star performer. This fund had beaten the category average every single year since inception till 2006. It turned out to be very average in 2007 and 2008, only to bounce back in 2009 with 85 per cent returns (category average is 57 per cent).
Furthermore, the fund's annualised return of around 27 per cent over the past 10 years is nothing short of impressive. None of its peers have been able to match such a performance.
The fund manager Prashant Jain invests in good quality businesses, remains diversified and steers clear from richly valued investments. Though the fund follows an all-cap strategy, the portfolio is tilted towards mid- and small-caps. However, the diversified portfolio of over 70 stocks tones down the aggression. On the debt side, the fund largely invests in debentures of the financial sector with small exposure to G-Secs and Structured Obligations (SO).
