03 Jan , 2022 By : monika singh
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
BASIC FACTS
WHAT IT COSTS
Fund Manager: Aniruddha Naha
Tenure: 3 Year, 7 Months
Recent portfolio changes
New Entrants: Ashok Leyland, Bharti Airtel, Cummins India, L&T Infotech, ONGC, PCBL, Bajaj Finance, HEG, Jubilant FoodWorks, Muthoot Finance, Orient Electric, Polycab India, Tata Motors, Tata Steel.
Complete Exits: Balrampur Chini Mills, Chambal Fertilisers, ICICI Lombard, Ipca Labs, TCS, Voltas, Alkem Labs, ICICI Prudential Life, PCBL.
Increasing allocation: Ambuja Cements, Ashok Leyland, Axis Bank, Bharti Airtel, Gujarat Gas, HDFC, ICICI Bank, Infosys, KPR Mills, Krishna Institute Of Medical Sciences, L&T Infotech, L&T, Persistent Systems, SIRCA Paints, SKF India.
Should you buy?
This fund, earlier known as PGIM India Diversified Equity, was shifted to the newly introduced flexi cap category to retain its go-anywhere approach. In this aspect, it is distinct from its peer set, running sizeable presence in mid- and small-caps in a category that leans heavily towards large-caps. The fund maintains high flexibility in switching large-cap exposure anywhere between 45-75% as per market conditions. This also results in substantial deviations from index. The fund manager prefers businesses with low leverage, high cash flow and clean governance track record. The fund’s performance has picked up smartly in the past three years in the hands of present fund manager, led by superior downside protection.
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