The scheme has been in existence for over two decades, and has performed well in almost all market cycles. It has over 50% exposure to large-sized companies, followed by close to 25% to mid-sized companies and remaining part of the portfolio is dedicated to small sized companies. The scheme's high reliance on large-sized companies -both public and private -has helped it tide over in almost all cycles of markets.
The scheme's fund manager Jayesh Shroff has judiciously maintained this ratio in the portfolio and its profitable impact can be seen in the scheme's performance. In the past three-year and five-year periods, the scheme has generated returns of 30.2% and 19.3%, respectively.As against this, its category has given 25.6% and 16.6% returns in the same period. Its benchmark S&P BSE 200 has given 19.2% and 13.4% returns in three-year and five-year period, respectively.
In the past six months, Shroff has increased its exposure to better-run PSUs such as NTPC and IOC. It has gained well from participation in the IPOs of companies with sound business model and high market shares. These are Equitas Holdings, Mahanagar Gas and Thyrocare Technologies. He has also enhanced exposure in relatively better-placed large sized companies such as TCS and UltraTech
