Fund managers: S Naren
Top Holdings: ICICI Bank, HDFC Bank, Infosys
Post the demonetisation announcement, a key mantra which the scheme's managers followed was sticking to the leader in a given sector. This strategy worked especially well when normalcy returned. The fund managers focused on buying companies in the consumption space, especially discretionary, such as Maruti, TVS Motor, Motherson Sumi and Bajaj Finserv. The fund managers already owned these in their portfolio. Post demonetisation, they enhanced exposure to these stocks. The fund also made profitable gains in IPOs such as Avenue Supermarts.
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