Multi Cap Fund - An open ended equity scheme investing across large cap, mid cap, small cap stocks

It is a multi-cap fund with min 25% investment each in large, mid and small cap companies. Investment in large caps may help to capture market movements & aims to ensure liquidity in volatile times while exposure to niche themes (primarily mid/small cap companies) having scalable business models aims to offer alpha The fund endeavours to identify opportunities ahead of the market High conviction investment strategy with a focus on ‘growth at reasonable valuations"
The fund follows a combination of top down and bottom up approaches and aims to take active sector calls. The fund is focused on key themes like:
• Consolidators across segments like Banking, Telecom, Out of home consumption etc as these leaders are expected to witness significant improvement in profitability & market share on weakened competition, adoption of newer technologies etc.
• Manufacturing is at the cusp of a strong revival supported by optimistic growth outlook (Domestic & Global), Production Linked Incentives (PLI) and lower taxation.
• Structural secular growth opportunities in India where there is significant under-penetration like Insurance.

March 28, 2005

Sailesh Raj Bhan
Ashutosh Bhargava (Co-Fund Manager)

NIFTY 500 Multicap 50:25:25 TRI

Monthly Average :	₹ 12,955.08 Cr
Month End :	₹ 13,224.19 Cr

Growth Plan	₹ 160.7135
IDCW Plan	₹ 44.1074
Bonus Option	₹ 160.7135
Direct - Growth Plan	₹ 172.4200
Direct - IDCW Plan	₹ 59.1032
Direct - Bonus Option	₹ 172.4200

Entry Load:	Nil
Exit Load:	10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load, Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. • Nil, thereafter.

Standard Deviation	7.89
Beta	1.05
Sharpe Ratio	0.20
Note: The above measures have been calculated using monthly rolling returns for 36 months period with 5.34% risk free return (FBIL Overnight MIBOR as on 30/08/2022).

Portfolio Turnover

0.73

Regular/Other than Direct	1.91
Direct	1.12

Inception Date: March 28, 2005
Past performance may or may not be sustained in future. It is assumed that a SIP of ₹10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration.
B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index
TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.
For scheme performance please click here. For Fund manager wise scheme performance click here.