Fund manager: Sailesh Raj Bhan Assets Under Management: ₹9,833 crore Top Holdings: SBI, HDFC Bank, ITC
RETURNS: 16.37%
After the announcement of demonetisation, a large number of quality companies were available 30-40% cheaper than what they were trading before. This fall in premium in valuation of quality companies attracted high interest from fund managers. The fund manager focused on companies which could generate aggressive growth largely because of their size and market share. These were Eicher Motors, HDFC Bank, Tata Steel, Mahindra & Mahindra, and Larsen & Toubro. He stayed away from defensives and enhanced exposure to companies which captured the consumer discretionary theme quite well. These include Bajaj Finance and Chola Finance.
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