Crisil Research

The scheme aims for long-term capital growth by investing in a portfolio of equity securities while offering tax benefits under Section 80C of the Income-Tax Act, 1961

Over the past three years, the fund has consistently adhered to its mandate of investing in largecap and midcap stocks, with a strong preference for largecaps

In the past three years, the fund has dynamically adjusted its allocations across market capitalisations while predominantly investing in largecap stocks

Among the segment drivers, the replacement market is expected to clock 6-8 per cent on-year growth, following 7 per cent rise last financial year

The fund was exposed to 71 stocks during the three-year period, consistently holding seven stocks

Growth will be supported by resumption of deferred projects and new orders from key segments such as banking, financial services and insurance and manufacturing

The fund has three managers: Sunaina da Cunha, who has managed the fund since April 2017; Mohit Sharma, since August 2020; and Dhaval Joshi, since November 2022

As of June 2024, the fund's assets under management totalled Rs 56,469 crore, up from Rs 15,353 crore in June 2021

As of June 2024, the fund's assets under management stood at Rs 3,247 crore, up from Rs 2,019 crore in June 2022

Despite this, growth is still projected to exceed decadal averages and will continue to be aided by demand from infrastructure and construction segments

In the past three years, the fund has maintained a predominant allocation to non-convertible debentures (NCDs) and bonds of financial institutions

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The fund's month-end assets under management increased to Rs 11,680 crore in March 2024 from Rs 6,800 crore in March 2021

In FY24, state spends are expected to go up further by 8-12 per cent as their percentage achievement of budgetary allocations are expected to be largely in line with historical average

The fund's assets under management at month-end increased to Rs 50,840 crore in March 2024 from Rs 23,128 crore in March 2021

The fund's month-end assets under management (AUM) increased to Rs 50,840 crore in March 2024 from Rs 23,128 crore in March 2021

Various factors contributed to the growth, such as increasing penetration of internet and 5G services, rising consumer income, shorter replacement cycles, easier payment terms

The fund aims to provide capital growth as well as regular income by predominantly investing in equities, with debt and money market securities making up a smaller pie

The fund aims for long-term capital appreciation by investing in quality midcap companies with sustainable competitive advantages and significant growth potential

Agrochemicals margins could normalise from the second quarter due to destocking of high-cost inventories