Over the last two years, the market has seen many ups and downs but the fund has managed to deliver a positive investment experience to its investors over the long term. In the last one year, the fund has returned 36.92% as against the 38.82% return of its benchmark index (BSE 500 – TRI).
If an investor had taken a monthly SIP of Rs 10,000 in the fund since its inception, the value would have been Rs 16,450 now.
The plan is compared with BSE 500 TRIThe plan is managed by Minister RameshPiyush Baranwal, Trupti Agrawaland Dheeresh Pathak. The assets under management of the scheme increased from Rs 655 crore as on August 31, 2022, to Rs 3,852 crore as on July 31, 2024, according to a press release.
Launched on August 2, 2022, the fund aims to build a factor-diversified portfolio that invests across different market capitalizations, sectors and styles, which can help outperform across different market cycles over the long term.
The fund takes reasonable exposure in the small and mid-cap (SMID) segment due to higher opportunities available in this segment for potential alpha generation. The scheme aims to allocate between 30% and 50% in the SMID segment, depending on the prevailing market conditions and opportunities. Over the last two years, the scheme has invested approximately 40% on an average in the SMID Cap segment at the portfolio level, as per the press release. The scheme is suitable for investors seeking long-term capital appreciation and wish to invest in a diversified portfolio of equity and equity-related securities of companies across the spectrum of various market capitalisations. The capital invested in the scheme is at “very high” risk as per the scheme’s risk meter.
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