Religare Invesco Mid & Small Cap gave much better returns than its category's

RELIGARE INVESCO MID & SMALL CAP has a five-year annualised return of 26.60%, compared with the category's 20.38%


FUND FACTS

INCEPTION: March 2008
CATEGORY: Equity Mid and Small Cap
TYPE: Open-ended
AUM: Rs 27 crore
BENCHMARK INDEX: CNX Midcap

WHAT IT COSTS

NAV: Rs 18.41 (G), Rs 18.40 (D)
MIN INVESTMENT: Rs 5,000
MIN SIP AMOUNT: NA
EXPENSE RATIO: 3.07%
EXIT LOAD: 1% for redemption within 365 days


WHY INVEST IN IT?

Religare Invesco Mid & Small Cap invests in mid-cap and small-cap stocks from CNX Midcap and BSE Smallcap indices, respectively. It invests 65-95% in mid-cap stocks and 5-35% in small-cap stocks. Stocks are selected from a Religare universe of 286 stocks, which is then filtered to a portfolio of about 50 stocks. It is diversified and a consistent performer compared with its benchmark, doing well in both bull and bear phases. Stocks are bought and held, with a low turnover ratio (J&K bank and Britannia have remained in the portfolio for over 3 years). Consistent performance makes it a good longterm investment, despite mid-cap and small-cap investments.

MEET THE FUND MANAGER

Fund manager Vinay Paharia has been at the helm since the fund's inception in 2008. The fund follows a bottom-up approach to picking stocks, with the focus on specific companies rather than industry in which it operates.

(Data and analysis of the fund have been sourced from Value Research)