After average performances in 2005 and 2006,the fund beat its category in 2007andhasdone so every year since.
Anand Shah took overas fund manager in September 2008. He ensures a diversified portfolio, with no market-cap or sector bias. The fund invests in growth-oriented companies, with strong fundamentals. Shahhas been successful in spotting opportunities and capitalising on them. In September 2008, he cut the exposure to metals, in creased it within two months and finally offload edit almost completely by December2008. This, along with in creased exposure to banking, helped the fund gain 15percent (highest in its category) in December.
The fund has evolved from a once considered and risky offering to amore diversified one. Though allocation to a single stock has gone up to nine percent, it is seen only in a few large-caps. Shah changes the market cap exposure according to market conditions. In 2010, he halved exposure to midcaps and increased it to large-caps (currentlyataround65percent). All said, the contra bets taken by Shahmay impact the funds performance if they don't play out well.
Anand Shah took overas fund manager in September 2008. He ensures a diversified portfolio, with no market-cap or sector bias. The fund invests in growth-oriented companies, with strong fundamentals. Shahhas been successful in spotting opportunities and capitalising on them. In September 2008, he cut the exposure to metals, in creased it within two months and finally offload edit almost completely by December2008. This, along with in creased exposure to banking, helped the fund gain 15percent (highest in its category) in December.
The fund has evolved from a once considered and risky offering to amore diversified one. Though allocation to a single stock has gone up to nine percent, it is seen only in a few large-caps. Shah changes the market cap exposure according to market conditions. In 2010, he halved exposure to midcaps and increased it to large-caps (currentlyataround65percent). All said, the contra bets taken by Shahmay impact the funds performance if they don't play out well.