How has the fund performed? With a 10-year return of 9.96%, the fund has outperformed both the category average (9.01%) and the benchmark index (7.14%). The fund has managed to beat both category average and index over the past decade.
As on 14 Feb 2018
Annualised performance (%) The fund has underperformed peers across 1-, 3- and 5-year periods.
As on 14 Feb 2018
Yearly performance (%) The fund has struggled to outperform in recent years.
As on 14 Feb 2018
BASIC FACTS Date of launch :3 Oct 2003 Category : Equity Type : Large cap Average AUM : Rs 3,325.16 cr Benchmark : S&P BSE 100 index
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WHAT IT COSTS NAVS* Growth option : Rs 199
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Dividend option : Rs 21 Minimum investment : Rs 1,000 Minimum SIP amount : Rs 500 Expense ratio (%)^ : 2.32 Exit load: 1% for redemption within 364 days
As on 14 Feb 2018
Fund manager : Harish Zaveri Tenure: 2 years and 6 months Education: B.Com and Diploma in business finance
Where does the fund invest? The fund runs a compact portfolio, with outsized exposure to top picks.
How risky is it? The fund's risk-return profile is weaker than many of its peers. Wherever not specified, data as on 31 dec 2017. Source: Value Research
Should you buy? This fund takes a strict large-cap stance, not straying into midcap territory like most peers in its category. This true-to-label approach has resulted in the fund lagging behind many of its peers in recent years, when mid-caps have propped up fund returns. It runs a focused portfolio of up to 40 stocks, taking very large positions in some of its top picks.
Over the past few years, the fund’s portfolio has become more skewed towards financials—higher than its peers—with 40% exposure to this segment. This dual layer of concentration lends a higher degree of risk. With the fund’s risk-return profile taking a hit in recent years, other proven consistent performers in the large cap category are a better bet till the fund finds its feet.
Post budget rally: DSP BlackRock tops returns chart for midcap funds
