Mutual fund: DSP Blackrock Equity has outperformed its benchmark 11 times

Since inception, DSP Blackrock Equity has outperformed its benchmark 11 times.

FUND FACTS

Inception: April 1997
Category: Equity Multi-cap
Type: Open-ended
AUM: Rs 2,551.14 crore
Benchmark Index: S&P CNX 500

WHAT IT COSTS

NAV: Rs 45.59 (G)
Min Investment: Rs 5,000
Min Sip Amount: Rs 500
Expense Ratio: 1.87per cent
Exit Load :1per cent if redeemed within one year

WHO SHOULD INVEST IN IT?
The fund has had a great run for a number of years. It handled the downturn of 2008 very well and despite the change in market catching the fund manager off guard in 2009, it steadied to impress that year.

The fund is currently bullish on the agricultural sector as the gain in food productivity is to be a critical focus area in India. The number of stocks range between 68 and 83. Allocation to a single stock does not exceed 5 per cent, barring a few largecaps.

The portfolio is actively churned and turnover ratio is among the highest in the category. Over the five and ten-year periods, it features among the top five performers. It's a definite candidate for a long-term acquisition.

MEET THE FUND MANAGER
Fund manager Apoorva Shah's strategy results in a rigorously diversified offering that he believes captures the different segments of the economy. Even so, he adopts a predominant buy-and-hold strategy for the smaller fare.

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