These 7 equity mutual funds had lowest portfolio turnover ratio in June
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What is the portfolio turnover ratio?
A higher portfolio turnover ratio (PTR) indicates continuous buying and selling of stocks by the fund managers which increases the costs and drags down the return of the scheme. On the other hand, low PTR means a buy-and-hold approach. Here are seven equity mutual funds with a portfolio turnover ratio of less than 10%, according to data by ACE MF.
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Old Bridge Focused Equity Fund
This focused fund had the lowest portfolio turnover ratio of around 2% in June. In May, the PTR of the scheme was 3%.
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UTI Flexi Cap Fund
The portfolio turnover ratio of this flexi cap fund was 5%. The scheme had the same PTR in the last month.
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DSP Multicap Fund
The portfolio turnover ratio of this multi-cap fund was 5% in June. The PTR of the scheme in the last month was 1%.
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Two from large & mid cap
Two large & midcap funds - Tata Large & Mid Cap Fund and HDFC Large and Mid Cap Fund - had a portfolio turnover ratio of 6.62% and 7.63% respectively in June. In May, the schemes had a portfolio turnover of 7.17% and 7.59% respectively.
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Parag Parikh ELSS Tax Saver Fund
The scheme had a portfolio turnover ratio of 7.73% in June. The scheme had a PTR of 8.23% in the last month.
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HDFC Multi Cap Fund
The scheme had a portfolio turnover ratio of 8.18% in June. The scheme had a portfolio turnover of 7.08% in May.