Inception: May 1998 category: Equity Large Cap type: Open-end aum: Rs 784.76 crore benchmark index: S&P BSE Sensex
WHAT IT COSTS
nav: Rs 159.16 (G), Rs 48.39 (D) min investment: Rs 5000 min sip amount: Rs 1500 expense ratio: 2.66% (as on 30/09/2014) exit load: 1% for redemption within 365 days. WHY INVEST IN IT?
The fund has outperformed the benchmark almost every year in the last decade, that too with a low risk score. However, this consistency comes at a cost, as the fund doesn't seem geared to make the most of bull markets. It prefers safety to aggression. Mid-caps have been scaled down to sub-10 per cent since 2013. Apart from a preference for giant caps, the fund runs a diversified portfolio with 35-40 stocks. The fund has proved to be a good fund to own in falling markets, losing much less than its peers or the indices in 2008 and 2011. If predictability is what you prefer over chart-busting performance, this fund is a good long-term bet.