Investment Strategy:
This fund invests in large cap stocks which can be either growth or value oriented. For the past three years, Banking, Information Technology, Refineries, Electric Equipment, Telecommunications and Power are the key sectors for this fund. These six sectors have accounted for more than 50% of the portfolio assets for the past 14 months. This fund did not have any exposure to the Power sector before July 2009 but since then the power sector has grown to one of the largest sectors in this fund. The allocation to power sector more than doubled to 7.07% in September 2010 from 3.20% in August 2010.
This fund has higher cash holdings in comparison to HDFC Top 200 fund or ICICI Prudential Focused Bluechip fund. On an average, this fund has had close to 7% cash holding in the past three years and this can be a source of slight underperformance in comparison to the other recommended large cap funds. This fund has not used derivatives in any month for the past three years.
Asset Size:
The fund's AUM is around Rs. 3798 crore as at 31 March 2011.
Performance:
-------------------------------------------------------------------
Also, know how to buy other mutual funds online:
1) DSP BlackRock Mutual Funds:
http://prajnacapital.blogspot.com/2011/05/buying-dsp-blackrock-mutual-funds.html
2) Reliance Mutual Funds:
http://prajnacapital.blogspot.com/2011/06/buying-reliance-mutual-funds-online.html
3) Birla Sunlife Mutual Funds:
http://prajnacapital.blogspot.com/2011/06/buying-birla-sunlife-mutual-funds.html
4) UTI Mutual Funds:
http://prajnacapital.blogspot.com/2011/06/buying-uti-mutual-funds-online.html
5) SBI Mutual Funds:
http://prajnacapital.blogspot.com/2011/06/buying-sbi-mutual-funds-online.html
6) Edelweiss Mutual Funds:
http://prajnacapital.blogspot.com/2011/06/buying-edelweiss-mutual-funds-online.html