The scheme, which was launched in August 2017, has offered a compound annual growth rate (CAGR) of 13.51 per cent over the last five years. In the last three years, it offered a CAGR of 12.88 per cent. The scheme has delivered returns of 29.26 per cent and 16.88 per cent respectively over the last one-year and six-month horizons.
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The plan is compared with Nifty 50 Hybrid Composite Debt Index 50:50 and had an AUM of Rs 2,523 crore as of August 2024.
A monthly SIP of Rs 10,000 made in this fund since inception would have been Rs 13.94 lakh with an XIRR of 13.71%. In the last five years, the value of a SIP of Rs 10,000 would have been Rs 9.03 lakh with an XIRR of 16.65%. In the last three-year period, the value would have been Rs 4.83 lakh with an XIRR of 20.60%.
The investment objective of the scheme is to achieve the dual objective of capital appreciation by investing in a portfolio of equity or equity-linked securities and generating income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation. Read also | 18 small-cap stocks added by these mutual funds in August. Here’s a breakdownFor 10% of investments, if they are redeemed or exchanged within 12 months from the date of allocation, the exit fee will be zero. For the remaining investments, a 1% exit fee will apply. If they are redeemed or exchanged after 12 months from the date of allocation, the exit fee will be zero.
If an investor had invested Rs 1 lakh in the fund at the time of inception, the value would have been Rs 2.06 lakh at a CAGR of 10.69%. Over the past five and three years, the value of Rs 1 lakh would have been Rs 1.88 lakh (XIRR of 13.54%) and Rs 1.43 lakh (XIRR of 12.68%) respectively.
Based on annual returns since inception, the fund has only offered negative returns in 2022, when it lost just 0.42%. Over the past seven years, the fund offered the highest return in 2023, of around 19.97%.
The minimum application amount is Rs 100 and thereafter in multiples of Rs 1. There is no minimum repayment criterion.
The plan allocates between 0 and 100% in stocks and equity-related securities, between 0 and 100% in debt and money market instruments, and between 0 and 10% in units issued by REIT (Real Estate Investment Trusts) & Invitations.
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