Though not a stellar outperformer, neither does it tumble like a pack of cards. When Apoorva Shah took over the fund in 2006, there was no dramatic change in the portfolio except that the mid-cap allocation began to get more generous. But that does not imply an aggressive portfolio. In fact, Shah shies away from taking aggressive bets and prefers dabbling in a large number of sectors.
He also does a large amount of churning. The fund largely remains within the 65-75 per cent equity band.
Though the fund dabbles in various debt instruments, it maintains a conservative stance. The fund is a good bet for the conservative investor.
