A relatively young fund that was launched in 2011, it has fared well across the insipid 2013 and 2015 phase of the markets and the bull runs of 2012 and 2014. The fund manages to hold on to its own with deft asset allocation and rebalancing.
The scheme invests about 65-75 per cent of the portfolio in equities and the rest in debt. The equity portfolio is managed on a multi-cap basis, with higher allocations to mid-and small-cap stocks than that of the category. With a valueorientation towards stock selection, the fund’s allocation is in companies that have a strong business model, financial indicators and prospects. It is for this reason that the portfolio tends to be fragmented with a high number of stocks. On the debt side, the fund plays it safe on credit risks and uses a mix of sovereign debt and treasury investments to maximise returns. What makes it get into the list is its reliability, which is what investors seeking stable returns ask for.
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