The primary aim of this fund is to achieve long term capital appreciation by investing in equity and related instruments of mid and small-cap companies. In its near ten year history, this fund has managed to consistently beat its benchmark by huge margins. This fund defined the mid-cap universe as stocks with the market capitalisation that falls within the range of the Nifty Midcap Index. But, it can pick stocks from outside this index and also into IPOs where the market capitalisation falls into this range.
The fund’s portfolio is well diversified in up to 70 stocks, which has aided in its performance over different market cycles. On analysing its portfolio, the investments are in quality companies that meet its investment criteria with a growth-style approach. Not a very big-sized fund, it has all the necessary traits to invest with short phases of indifferent performance. However, it will pay off to stay invested in this fund for the long haul.
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Launch Date: October 20, 2008
Fund Manager: Dhimant Shah
Benchmark: Nifty Free Float Midcap 100 Index
Expense ratio: 2.38
