Investment Strategy:
The fund invests mainly in growth oriented stocks. In the past three years, large cap stocks on an average account for 76% of the portfolio, midcap stocks account for 14% of the portfolio, small cap stocks account for 7% of the portfolio and cash holdings account for 2.5% of the portfolio. The fund uses debt and derivative instruments very rarely.
Banking, Information Technology, Pharmaceuticals, Construction & Engineering, Oil Exploration and Watches are the important sectors for this portfolio. These six sectors on an average account for 50% of the portfolio. Banking is the largest sector and allocation to banking has never fallen below 15% in the past three years. This fund has decreased the allocation to the pharmaceuticals sectors from 14.14% in January 2008 to 8.3% in December 2010. However, the Watches sector has seen considerable allocation. From no exposure to the sector in January 2008, the fund has 4.45% of its portfolio in the Watches sector as of December 2010.
Asset Size:
The fund's AUM is around Rs. 8947 crore as at 31 March 2011.
Performance:
This fund has outperformed its benchmark, the S&P CNX 500 Index across all periods, right from six months till since inception. Over a 1 year period, this fund has given 29.22% while its benchmark has given 14.13% and over a 5 year period, this fund has given 22.75% while its benchmark has given 14.96%.
