The fund has consistently outperformed the benchmark (S&P BSE SmallCap TRI) and its peers (funds ranked under the small-cap fund category in March 2019 CMFR) in all the trailing periods under analysis. An investment of Rs 10,000 in the fund on September 9, 2009 (inception of the fund), would have grown to Rs 50,535 on July 17, 2019, at an annualised rate of 17.86 per cent; a similar investment in the category and the benchmark would have grown to Rs 38,615 (14.69 per cent per annum) and Rs 21,411 (8.03 per cent per annum), respectively.
A systematic investment plan (SIP) is a disciplined mode of investing offered by mutual funds through which one can invest a certain amount at regular intervals. Monthly investment of Rs 10,000 for the past 10 years in the fund would have grown to Rs 17.35 lakh (20.58 per cent annualised returns) compared to Rs 11.72 lakh (9.47 per cent annualised returns) in the benchmark.
The fund’s portfolio is predominantly composed of small-cap stocks, averaging 80.38 per cent in the past three years. Allocations to large-cap and mid-cap stocks averaged 2.81 per cent and 10.61 per cent, respectively.
The portfolio was diversified across 28 sectors in the past three years. The industrial products sector had the highest average allocation of 12.65 per cent, followed by consumer durables (11.72 per cent), consumer non-durables (11.49 per cent) and chemicals (10.74 per cent).
The fund invested in 89 stocks in three years. The highest contributors to the fund’s performance were Graphite India, Orient Refractories, Gabriel India, Solar Industries India, and Westlife Development.