Investment Strategy:
This scheme aims to generate good returns by focusing on large and midcap stocks. In the past three years, large cap stocks on an average account for 53.9% of the portfolio, midcap stocks account for 18% of the portfolio, small cap stocks account for 22.4% of the portfolio and cash holdings account for 5.5% of the portfolio.
Pharmaceuticals, Auto Ancillary, Banking, Abrasives and Air Conditioners are the important sectors for this portfolio. These five sectors on an average account for 35% of the portfolio. However, these five sectors have accounted for 44.5% of the portfolio for 2010. Pharmaceuticals is the largest sector allocation as it has grown from 4.4% in December 2007 to 16.87% in December 2010. Air conditioner is another sector which has seen high allocation; from 1.2% allocation in March 2008, the allocation has grown to 5.06% in December 2010.
Asset Size:
The fund's AUM is around Rs. 1221 crore as at 31 March 2011.
Performance:
As of 31 December 2010, this fund has outperformed its benchmark , the CNX Midcap Index across all periods, right from six months till since inception. Over a 1 year period, this fund has given 32.33% while its benchmark has given 19.16% and since inception, this fund has given annualized returns of 14.97% while its benchmark has given 12.63%.
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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