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BASIC FACTS
DATE OF LAUNCH
28 SEPT 2005
CATEGORY
EQUITY
TYPE
FLEXI CAP
AUM*
Rs.6,754 crore
BENCHMARK
S&P BSE 500 TOTAL
RETURN INDEX
![im-1 im-1](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
![im-2 im-2](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.180.074
IDCW**
Rs.46.243
MINIMUM INVESTMENT
Rs.1,000
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO# (%)
1.87
EXIT LOAD
For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days.
*AS ON 29 FEB 2024
**AS ON 2 APR 2024
#AS ON 31 MAR 2024
![im-3 im-3](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
FUND MANAGER
MANISH GUNWANI (PIC)/VIRAJ KULKARNI
2 MONTHS / 2 MONTHS
![im-4 im-4](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
![im-5 im-5](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
Recent portfolio changes
New entrants
Indusind Bank, Kotak Mahindra Bank, Motilal Oswal Financial Services, Amber Enterprises India, Aurobindo Pharma, Bank Of Baroda, Bharat Heavy Electricals, and 39 others.
Complete exits
Aditya Birla Fashion and Retail, Aether Industries, Axis Bank, Bharat Electronics, Carborundum Universal, Hindustan Unilever, IDFC First Bank, JK Lakshmi Cement, and 8 others.
![im-6 im-6](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
Should You Buy
Earlier known as IDFC Premier Equity, this fund now runs a flexi-cap mandate. Under recent change in stewardship, it has gone through a makeover. Contrary to its static allocation earlier, it now follows a model-based countercyclical allocation to decide exposure towards large caps vis-avis mid/small caps. It shuns bias towards any particular style, picking ideas across momentum, quality and value. Rather than aim for outsized performance in particular cycle, it strives for reasonable outperformance across entire cycles. Its current return profile remains poor, with chronic underperformance vis-a-vis index even in its direct plan. It remains to be seen if the recent makeover will improve its fortunes.
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(Catch all the Personal Finance News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.