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In the game of Investing, where returns are essentially important, somehow risk-adjusted returns is what eventually counts. And to strengthen the risk-adjusted returns if one has a long-term view, diversified equities can prove to be beneficial. Diversified funds have historically proven to come out as a winner in most Market conditions given long holding periods. They invest across all spectrums of capitalization, within permitted risk levels. But are these funds for you? Let’s find out.
Diversified Equity Funds, also known as Multi-cap or Flexi cap funds, invest in stocks of companies across market capitalization i.e.,-large cap, mid and small cap stocks. In other words, they have the flexibility to adapt their portfolios according to the market. They typically invest anywhere between 40-60% in large cap stocks, 10-40% in mid-cap stocks and about 10% in small-cap stocks. Sometimes, the exposure to small-caps may be very small or none at all.
Diversified funds do not have any limitations on market caps from an investment point of view. They don’t follow a sectoral approach, instead adopting a growth or Value investing strategy, buying stocks whose price are relatively lower to their historical performance, Book Value, Earnings, cash flow potential and dividend yields.
These funds balance out the risk and reduce the Volatility that usually comes with stock investments by investing across market capitalizations and sectors. Larger companies (large caps) tend to perform better during tough market times than the smaller companies, and they can provide investors with better investment returns. Mid-cap stocks can stabilize Portfolio returns with higher growth potential than the large cap stocks and less risky than the small cap stocks. However, irrespective of the market caps, all stock investments carry a certain level of risk, and investors should closely monitor their investments as business conditions can change daily. Given that the Underlying investment is equity, there is a risk of loss of Capital that can occur in the short term.
Nevertheless, diversified funds have exceptionally performed well over past 5 years, especially after elections, returning 23% p.a. and 21% p.a.
for the last 3-5 years, respectively.
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As diversified funds or multi-cap funds invest across market caps, they have several benefits compared to funds focused on any one particular market cap. Some of these are discussed below:
The foremost advantage of diversified funds is that it reduces the need to keep a track on multiple funds in the portfolio distinctly. As the monies are invested across market capitalization, the need to maintain separate Large cap funds, mid and Small cap funds is eliminated.
During bull market phases, diversified funds tend to outperform large caps (in the long term) by capturing some of the upside offered by small and mid-cap funds. In the bull market rallies, the large-cap valuations (P/E multiples) run up faster to a point where they appear stretched, in such scenario mid-cap stocks tend to outperform.
Since, diversified funds have all three large cap, mid cap and small cap companies in their portfolio, they have potential to deliver good performance on a consistent Basis.
In the Bear Market phases, small and mid-cap stocks tend to suffer sharp declines and liquidity issues. Also, consequently, they face liquidity constraints when Redemption pressures increase during phases of bear markets, especially when investors are exiting investments. On the other hand, diversified funds don’t face liquidity problems as much—as large cap stocks comprise a sustainable portion of the portfolio.
Diversified funds are suitable for investors who start with just one fund and still want to invest across market caps. Also, investors who are not sure of their risk tolerance levels can take advantage of diversified funds.
Fund managers of diversified funds invest in companies of all sizes i.e. large, mid, small cap, based on their long-term growth potential. They also change their portfolio allocations between different sectors from time to time, to maximize fund the performance within defined investment objectives. Investing in diversified or multi-cap funds helps to prevent the tendency of investors to switch between large cap funds and mid-cap/small-cap funds based on short-term performance.
Diversified funds may suffer massively if the moves are extreme, during falls of the markets, diversified funds are affected from than large caps. This is due to the fact that during most declines, the fall in small & mid-caps is much higher. This can lead to higher volatility of returns, causing these funds to have a higher Standard Deviation, which is one of the important parameters to measure a fund's risk. Larger the standard deviation, higher will be the level of risk.
An investor who has a moderate-risk appetite and who wishes to have an exposure in equities can park their funds in diversified funds. Also, investors who are not well-versed with the technique of Asset Allocation in respect to investments can also put a part of their funds here.
Investors incline towards investing in these funds as it holds a mix of stocks across market capitalizations. Any high degree of volatility shown by either small cap or mid cap funds can be balanced by the stability provided by large-cap equity funds. However, the returns from such diversified funds are vastly dependent on the fund manager’s knowledge and intelligence as to how he is able to include stocks as per the market conditions. In this situation, there is a probability of fund manager going wrong in his allocation strategy. That is why it is advisable for investors to study the record of the fund manager before investing in diversified funds.
The short-term and long-term Capital Gains offered by Mutual Funds are taxed at different rates.
Fund Type | Short-Term Capital Gains | Long-Term Capital Gains |
---|---|---|
Equity funds | 15% + cess + surcharge | Up to Rs. 1 lakh a year is tax-exempt. Any gains above Rs. 1 lakh are taxed at 10% + cess + surcharge |
Top performing diversified funds in India are as follows-
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Nippon India Multi Cap Fund Growth ₹237.894
↓ -0.75 ₹25,723 4.7 11.6 48.6 26.7 19.4 38.1 JM Multicap Fund Growth ₹82.7177
↓ -0.59 ₹1,438 7.4 19.9 54.7 24.5 21.8 40 HDFC Equity Fund Growth ₹1,580.66
↓ -7.79 ₹47,642 5.9 15.6 43.3 24 19 30.6 Mahindra Badhat Yojana Growth ₹29.3097
↓ -0.08 ₹2,936 4.8 14.2 47.3 23 22.5 34.2 Parag Parikh Long Term Equity Fund Growth ₹68.6216
↑ 0.41 ₹55,034 6.5 15.6 41.5 21.7 22.5 36.6 ICICI Prudential Multicap Fund Growth ₹658.66
↓ -1.77 ₹10,775 6 16.3 46.9 21.4 17.8 35.4 Baroda Pioneer Multi Cap Fund Growth ₹232.659
↓ -0.81 ₹2,195 4.3 15 41.6 20.3 19.3 30.8 Franklin India Equity Fund Growth ₹1,368.92
↓ -7.31 ₹14,165 5 14.5 43.9 20.2 18.2 30.8 Principal Multi Cap Growth Fund Growth ₹311.278
↓ -0.52 ₹2,399 0.5 10.8 38.4 19.6 17.2 31.1 Invesco India Multicap Fund Growth ₹104.42
↓ -0.37 ₹3,132 0.8 11.3 39.5 18.2 17.5 31.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Mar 24
(Erstwhile Reliance Equity Opportunities Fund) The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. Nippon India Multi Cap Fund is a Equity - Multi Cap fund was launched on 28 Mar 05. It is a fund with Moderately High risk and has given a Below is the key information for Nippon India Multi Cap Fund Returns up to 1 year are on (Erstwhile JM Multi Strategy Fund) The investment objective of the Scheme is to provide capital appreciation by investing in equity and equity related securities using a combination of strategies. JM Multicap Fund is a Equity - Multi Cap fund was launched on 23 Sep 08. It is a fund with Moderately High risk and has given a Below is the key information for JM Multicap Fund Returns up to 1 year are on Aims at providing capital appreciation through investments predominantly in equity oriented securities HDFC Equity Fund is a Equity - Multi Cap fund was launched on 1 Jan 95. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Equity Fund Returns up to 1 year are on The investment objective of the Scheme is to provide medium to long term capital appreciation through appropriate diversification and taking low risk on business quality. The diversified portfolio would predominantly consist of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. Mahindra Badhat Yojana is a Equity - Multi Cap fund was launched on 11 May 17. It is a fund with Moderately High risk and has given a Below is the key information for Mahindra Badhat Yojana Returns up to 1 year are on (Erstwhile Parag Parikh Long Term Value Fund) The investment objective of the scheme is to seek to generate long-term capital growth from an actively managed portfolio primarily of equity and equity related securities. Parag Parikh Long Term Equity Fund is a Equity - Multi Cap fund was launched on 24 May 13. It is a fund with Moderately High risk and has given a Below is the key information for Parag Parikh Long Term Equity Fund Returns up to 1 year are on To generate capital appreciation through investments in equity and equity related securities in core sectors and associated feeder industries. ICICI Prudential Multicap Fund is a Equity - Multi Cap fund was launched on 1 Oct 94. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Multicap Fund Returns up to 1 year are on (Erstwhile Baroda Pioneer Growth Fund) To generate long term capital appreciation from an actively managed portfolio of equity & equity related instruments. Baroda Pioneer Multi Cap Fund is a Equity - Multi Cap fund was launched on 12 Sep 03. It is a fund with Moderately High risk and has given a Below is the key information for Baroda Pioneer Multi Cap Fund Returns up to 1 year are on (Erstwhile Franklin India Prima Plus) The investment objective of Prima Plus is to provide growth of capital plus regular dividend through a diversified portfolio of equities, fixed income securities and money market instruments. Franklin India Equity Fund is a Equity - Multi Cap fund was launched on 29 Sep 94. It is a fund with Moderately High risk and has given a Below is the key information for Franklin India Equity Fund Returns up to 1 year are on (Erstwhile Principal Growth Fund) The primary investment objective of the scheme is to achieve long-term capital appreciation. Principal Multi Cap Growth Fund is a Equity - Multi Cap fund was launched on 25 Oct 00. It is a fund with Moderately High risk and has given a Below is the key information for Principal Multi Cap Growth Fund Returns up to 1 year are on (Erstwhile Invesco India Mid N Small Cap Fund) The investment objective of the Scheme is to provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of mid and small cap companies. Invesco India Multicap Fund is a Equity - Multi Cap fund was launched on 17 Mar 08. It is a fund with Moderately High risk and has given a Below is the key information for Invesco India Multicap Fund Returns up to 1 year are on 1. Nippon India Multi Cap Fund
CAGR/Annualized
return of 18.2% since its launch. Ranked 63 in Multi Cap
category. Return for 2023 was 38.1% , 2022 was 14.1% and 2021 was 48.9% . Nippon India Multi Cap Fund
Growth Launch Date 28 Mar 05 NAV (15 Mar 24) ₹237.894 ↓ -0.75 (-0.32 %) Net Assets (Cr) ₹25,723 on 31 Jan 24 Category Equity - Multi Cap AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 1.88 Sharpe Ratio 2.9 Information Ratio 1.25 Alpha Ratio 7.46 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,106 28 Feb 21 ₹12,346 28 Feb 22 ₹15,333 28 Feb 23 ₹17,671 29 Feb 24 ₹26,198 Returns for Nippon India Multi Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -0.6% 3 Month 4.7% 6 Month 11.6% 1 Year 48.6% 3 Year 26.7% 5 Year 19.4% 10 Year 15 Year Since launch 18.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 38.1% 2022 14.1% 2021 48.9% 2020 0% 2019 2.2% 2018 -2.2% 2017 40.9% 2016 -6.7% 2015 0.5% 2014 59.7% Fund Manager information for Nippon India Multi Cap Fund
Name Since Tenure Sailesh Raj Bhan 31 Mar 05 18.93 Yr. Ashutosh Bhargava 1 Sep 21 2.5 Yr. Kinjal Desai 25 May 18 5.77 Yr. Data below for Nippon India Multi Cap Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 28.54% Consumer Cyclical 20.79% Industrials 18.52% Health Care 7.88% Utility 4.81% Basic Materials 4.18% Technology 4.05% Communication Services 3.79% Consumer Defensive 3.72% Energy 2.94% Asset Allocation
Asset Class Value Cash 0.77% Equity 99.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK5% ₹1,474 Cr 10,500,448
↑ 1,000,000 EIH Ltd (Consumer Cyclical)
Equity, Since 31 Jul 14 | 5008404% ₹1,077 Cr 26,658,371
↓ -1,268,613 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹1,021 Cr 9,699,315 Linde India Ltd (Basic Materials)
Equity, Since 31 May 13 | 5234573% ₹882 Cr 1,638,368 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | 5322153% ₹860 Cr 8,000,121 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE3% ₹789 Cr 2,700,000
↑ 700,000 State Bank of India (Financial Services)
Equity, Since 31 Mar 05 | SBIN3% ₹748 Cr 10,000,000
↑ 1,200,000 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 May 14 | 5008503% ₹704 Cr 12,000,000 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Mar 12 | 5002713% ₹679 Cr 7,000,000
↑ 1,400,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 10 | LT2% ₹661 Cr 1,900,292 2. JM Multicap Fund
CAGR/Annualized
return of 14.6% since its launch. Ranked 16 in Multi Cap
category. Return for 2023 was 40% , 2022 was 7.8% and 2021 was 32.9% . JM Multicap Fund
Growth Launch Date 23 Sep 08 NAV (15 Mar 24) ₹82.7177 ↓ -0.59 (-0.70 %) Net Assets (Cr) ₹1,438 on 31 Jan 24 Category Equity - Multi Cap AMC JM Financial Asset Management Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.54 Sharpe Ratio 3.24 Information Ratio 1.57 Alpha Ratio 16.08 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-60 Days (1%),60 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,561 28 Feb 21 ₹14,262 28 Feb 22 ₹17,014 28 Feb 23 ₹18,422 29 Feb 24 ₹29,121 Returns for JM Multicap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -2.8% 3 Month 7.4% 6 Month 19.9% 1 Year 54.7% 3 Year 24.5% 5 Year 21.8% 10 Year 15 Year Since launch 14.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 40% 2022 7.8% 2021 32.9% 2020 11.4% 2019 16.6% 2018 -5.4% 2017 39.5% 2016 10.5% 2015 -2.8% 2014 56% Fund Manager information for JM Multicap Fund
Name Since Tenure Satish Ramanathan 20 Aug 21 2.53 Yr. Gurvinder Wasan 1 Dec 22 1.25 Yr. Chaitanya Choksi 31 Dec 21 2.17 Yr. Data below for JM Multicap Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 21.45% Consumer Cyclical 17.36% Industrials 16.76% Technology 11.93% Utility 7.29% Health Care 6.5% Basic Materials 5.84% Real Estate 3.59% Energy 2.65% Consumer Defensive 2.33% Communication Services 1.13% Asset Allocation
Asset Class Value Cash 3.17% Equity 96.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | HDFCBANK6% ₹96 Cr 680,500
↑ 375,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT4% ₹73 Cr 210,731
↑ 48,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 20 | INFY4% ₹71 Cr 425,250
↑ 123,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹63 Cr 848,700
↓ -47,000 Bank of Baroda (Financial Services)
Equity, Since 31 Aug 22 | 5321344% ₹62 Cr 2,343,947
↓ -600,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | ICICIBANK3% ₹58 Cr 550,800
↑ 77,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | M&M3% ₹53 Cr 275,000
↑ 275,000 NTPC Ltd (Utilities)
Equity, Since 30 Nov 23 | 5325553% ₹53 Cr 1,570,000
↑ 125,000 Housing & Urban Development Corp Ltd (Financial Services)
Equity, Since 29 Feb 24 | 5405303% ₹45 Cr 2,373,484
↑ 2,373,484 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 31 Jan 24 | 5003123% ₹44 Cr 1,660,658
↑ 575,000 3. HDFC Equity Fund
CAGR/Annualized
return of 18.9% since its launch. Ranked 34 in Multi Cap
category. Return for 2023 was 30.6% , 2022 was 18.3% and 2021 was 36.2% . HDFC Equity Fund
Growth Launch Date 1 Jan 95 NAV (15 Mar 24) ₹1,580.66 ↓ -7.79 (-0.49 %) Net Assets (Cr) ₹47,642 on 31 Jan 24 Category Equity - Multi Cap AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.7 Sharpe Ratio 2.22 Information Ratio 1.18 Alpha Ratio 3.37 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹9,859 28 Feb 21 ₹13,161 28 Feb 22 ₹15,739 28 Feb 23 ₹18,098 29 Feb 24 ₹25,764 Returns for HDFC Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month 0.3% 3 Month 5.9% 6 Month 15.6% 1 Year 43.3% 3 Year 24% 5 Year 19% 10 Year 15 Year Since launch 18.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 30.6% 2022 18.3% 2021 36.2% 2020 6.4% 2019 6.8% 2018 -3.5% 2017 36.9% 2016 7.3% 2015 -5.1% 2014 53.8% Fund Manager information for HDFC Equity Fund
Name Since Tenure Roshi Jain 29 Jul 22 1.59 Yr. Dhruv Muchhal 22 Jun 23 0.69 Yr. Data below for HDFC Equity Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 35.93% Health Care 12.58% Technology 9.5% Industrials 8.92% Consumer Cyclical 6.46% Utility 5.11% Communication Services 5.01% Real Estate 3.73% Energy 1.73% Consumer Defensive 0.26% Asset Allocation
Asset Class Value Cash 8.29% Equity 89.23% Debt 2.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹4,524 Cr 44,000,000
↑ 1,400,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK9% ₹4,417 Cr 30,200,000
↑ 4,900,000 Cipla Ltd (Healthcare)
Equity, Since 30 Sep 12 | 5000875% ₹2,567 Cr 19,000,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Aug 20 | HAL5% ₹2,460 Cr 8,200,000
↓ -200,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH5% ₹2,396 Cr 15,200,000
↓ -500,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN5% ₹2,306 Cr 36,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 17 | 5322154% ₹2,136 Cr 20,000,000
↑ 4,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 20 | BHARTIARTL4% ₹2,107 Cr 18,000,000
↓ -1,000,000 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Sep 22 | APOLLOHOSP4% ₹2,037 Cr 3,207,166 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Mar 21 | SBILIFE4% ₹1,962 Cr 14,000,000 4. Mahindra Badhat Yojana
CAGR/Annualized
return of 17% since its launch. Return for 2023 was 34.2% , 2022 was 1.6% and 2021 was 50.8% . Mahindra Badhat Yojana
Growth Launch Date 11 May 17 NAV (15 Mar 24) ₹29.3097 ↓ -0.08 (-0.27 %) Net Assets (Cr) ₹2,936 on 31 Jan 24 Category Equity - Multi Cap AMC Mahindra Asset Management Company Pvt. Ltd. Rating Risk Moderately High Expense Ratio 2.29 Sharpe Ratio 2.98 Information Ratio 0.89 Alpha Ratio 9.92 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,281 28 Feb 21 ₹15,068 28 Feb 22 ₹19,396 28 Feb 23 ₹19,699 29 Feb 24 ₹29,804 Returns for Mahindra Badhat Yojana
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -4.4% 3 Month 4.8% 6 Month 14.2% 1 Year 47.3% 3 Year 23% 5 Year 22.5% 10 Year 15 Year Since launch 17% Historical performance (Yearly) on absolute basis
Year Returns 2023 34.2% 2022 1.6% 2021 50.8% 2020 16.6% 2019 13.8% 2018 -9.9% 2017 2016 2015 2014 Fund Manager information for Mahindra Badhat Yojana
Name Since Tenure Manish Lodha 21 Dec 20 3.19 Yr. Fatema Pacha 16 Oct 20 3.38 Yr. Data below for Mahindra Badhat Yojana as on 31 Jan 24
Equity Sector Allocation
Sector Value Industrials 19.55% Financial Services 17.63% Technology 14% Basic Materials 12.78% Consumer Cyclical 11.11% Energy 8.48% Utility 7.45% Health Care 4.19% Consumer Defensive 2.44% Communication Services 0.02% Asset Allocation
Asset Class Value Cash 2.34% Equity 97.66% Top Securities Holdings / Portfolio
Name Holding Value Quantity Canara Bank (Financial Services)
Equity, Since 30 Sep 23 | 5324835% ₹137 Cr 2,425,000
↑ 300,000 Coal India Ltd (Energy)
Equity, Since 31 Jan 23 | COALINDIA4% ₹135 Cr 3,080,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Sep 23 | TCS4% ₹121 Cr 295,643
↑ 107,500 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Dec 23 | HINDPETRO4% ₹116 Cr 2,270,000
↑ 380,000 NTPC Ltd (Utilities)
Equity, Since 28 Feb 23 | 5325553% ₹86 Cr 2,570,000 Tata Power Co Ltd (Utilities)
Equity, Since 30 Nov 23 | 5004003% ₹86 Cr 2,300,000
↑ 300,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 23 | LT3% ₹80 Cr 229,988 Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 31 Dec 23 | TATAMTRDVR3% ₹76 Cr 1,202,947
↑ 240,000 Wipro Ltd (Technology)
Equity, Since 31 Dec 23 | 5076852% ₹64 Cr 1,230,000
↑ 330,000 IRCON International Ltd (Industrials)
Equity, Since 31 Jan 24 | IRCON2% ₹62 Cr 2,700,000 5. Parag Parikh Long Term Equity Fund
CAGR/Annualized
return of 19.5% since its launch. Ranked 34 in Multi Cap
category. Return for 2023 was 36.6% , 2022 was -7.2% and 2021 was 45.5% . Parag Parikh Long Term Equity Fund
Growth Launch Date 24 May 13 NAV (14 Mar 24) ₹68.6216 ↑ 0.41 (0.60 %) Net Assets (Cr) ₹55,034 on 31 Jan 24 Category Equity - Multi Cap AMC PPFAS Asset Management Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.73 Sharpe Ratio 3.28 Information Ratio 0.16 Alpha Ratio 12.06 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-365 Days (2%),365-730 Days (1%),730 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,824 28 Feb 21 ₹15,280 28 Feb 22 ₹19,634 28 Feb 23 ₹20,086 29 Feb 24 ₹28,677 Returns for Parag Parikh Long Term Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -0.4% 3 Month 6.5% 6 Month 15.6% 1 Year 41.5% 3 Year 21.7% 5 Year 22.5% 10 Year 15 Year Since launch 19.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 36.6% 2022 -7.2% 2021 45.5% 2020 32.3% 2019 14.4% 2018 -0.4% 2017 29.4% 2016 3.3% 2015 8.9% 2014 44.8% Fund Manager information for Parag Parikh Long Term Equity Fund
Name Since Tenure Raj Mehta 27 Jan 16 8.1 Yr. Rajeev Thakkar 24 May 13 10.78 Yr. Raunak Onkar 24 May 13 10.78 Yr. Rukun Tarachandani 16 May 22 1.79 Yr. Mansi Kariya 22 Dec 23 0.19 Yr. Data below for Parag Parikh Long Term Equity Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 35.21% Technology 11.89% Consumer Cyclical 10.34% Communication Services 7.44% Utility 6.17% Energy 5.13% Consumer Defensive 5.04% Health Care 3.85% Basic Materials 2.53% Industrials 0% Asset Allocation
Asset Class Value Cash 12.37% Equity 86.86% Debt 0.78% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK8% ₹4,430 Cr 30,292,343
↑ 5,661,003 Bajaj Holdings and Investment Ltd (Financial Services)
Equity, Since 31 Oct 16 | BAJAJHLDNG7% ₹3,846 Cr 4,596,822
↑ 47,206 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 30 Sep 21 | 5328986% ₹3,111 Cr 119,980,027
↑ 5,610,883 HCL Technologies Ltd (Technology)
Equity, Since 31 Jan 21 | HCLTECH5% ₹2,948 Cr 18,706,973 Coal India Ltd (Energy)
Equity, Since 31 May 22 | COALINDIA5% ₹2,816 Cr 69,326,793 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 22 | MARUTI5% ₹2,814 Cr 2,762,479
↑ 257,177 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 14 | ICICIBANK5% ₹2,794 Cr 27,174,540
↑ 1,389,181 ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 20 | ITC5% ₹2,768 Cr 62,698,959
↑ 2,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | 5322155% ₹2,525 Cr 23,645,558 Microsoft Corp (Technology)
Equity, Since 30 Apr 20 | MSFT4% ₹2,420 Cr 733,019 6. ICICI Prudential Multicap Fund
CAGR/Annualized
return of 15.3% since its launch. Ranked 49 in Multi Cap
category. Return for 2023 was 35.4% , 2022 was 4.7% and 2021 was 36.4% . ICICI Prudential Multicap Fund
Growth Launch Date 1 Oct 94 NAV (15 Mar 24) ₹658.66 ↓ -1.77 (-0.27 %) Net Assets (Cr) ₹10,775 on 31 Jan 24 Category Equity - Multi Cap AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 2.63 Information Ratio -0.08 Alpha Ratio 3.35 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-18 Months (1%),18 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,050 28 Feb 21 ₹13,120 28 Feb 22 ₹15,366 28 Feb 23 ₹16,490 29 Feb 24 ₹24,225 Returns for ICICI Prudential Multicap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -1.2% 3 Month 6% 6 Month 16.3% 1 Year 46.9% 3 Year 21.4% 5 Year 17.8% 10 Year 15 Year Since launch 15.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 35.4% 2022 4.7% 2021 36.4% 2020 9.2% 2019 6% 2018 0.2% 2017 28% 2016 10.1% 2015 3.1% 2014 49.8% Fund Manager information for ICICI Prudential Multicap Fund
Name Since Tenure Sankaran Naren 1 Jul 22 1.67 Yr. Anand Sharma 1 Jul 22 1.67 Yr. Sharmila D’mello 31 Jul 22 1.59 Yr. Data below for ICICI Prudential Multicap Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 21.25% Industrials 15.06% Consumer Cyclical 12.03% Energy 9.13% Health Care 8.25% Basic Materials 6.13% Communication Services 6.13% Consumer Defensive 5.67% Technology 4.86% Utility 4.23% Real Estate 0.93% Asset Allocation
Asset Class Value Cash 5.81% Equity 94.19% Debt 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹736 Cr 7,161,650
↑ 425,600 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE4% ₹407 Cr 1,427,014
↓ -480,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 17 | SUNPHARMA3% ₹345 Cr 2,433,182 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 22 | MARUTI3% ₹291 Cr 285,929
↑ 6,480 Infosys Ltd (Technology)
Equity, Since 31 Oct 18 | INFY3% ₹279 Cr 1,682,527
↑ 94,634 Oil India Ltd (Energy)
Equity, Since 30 Sep 22 | OIL3% ₹277 Cr 6,483,592
↑ 206,937 Cummins India Ltd (Industrials)
Equity, Since 31 Jan 22 | 5004802% ₹266 Cr 1,158,633
↑ 42,929 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | HDFCBANK2% ₹235 Cr 1,605,200
↑ 536,800 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 19 | LT2% ₹222 Cr 637,388
↑ 35,218 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 18 | BHARTIARTL2% ₹219 Cr 1,873,117
↑ 261,250 7. Baroda Pioneer Multi Cap Fund
CAGR/Annualized
return of 16.6% since its launch. Ranked 37 in Multi Cap
category. Return for 2023 was 30.8% , 2022 was -3% and 2021 was 47.9% . Baroda Pioneer Multi Cap Fund
Growth Launch Date 12 Sep 03 NAV (15 Mar 24) ₹232.659 ↓ -0.81 (-0.35 %) Net Assets (Cr) ₹2,195 on 31 Jan 24 Category Equity - Multi Cap AMC Baroda Pioneer Asset Management Co. Ltd. Rating ☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 2.08 Information Ratio -0.14 Alpha Ratio -2.83 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,675 28 Feb 21 ₹14,123 28 Feb 22 ₹17,833 28 Feb 23 ₹18,333 29 Feb 24 ₹26,004 Returns for Baroda Pioneer Multi Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -1.9% 3 Month 4.3% 6 Month 15% 1 Year 41.6% 3 Year 20.3% 5 Year 19.3% 10 Year 15 Year Since launch 16.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 30.8% 2022 -3% 2021 47.9% 2020 19.5% 2019 8.9% 2018 -11.9% 2017 36.8% 2016 2.3% 2015 -1.6% 2014 46.5% Fund Manager information for Baroda Pioneer Multi Cap Fund
Name Since Tenure Sanjay Chawla 1 Nov 15 8.34 Yr. Sandeep Jain 14 Mar 22 1.97 Yr. Data below for Baroda Pioneer Multi Cap Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 24.4% Consumer Cyclical 13.75% Technology 12.37% Industrials 10.52% Health Care 8.2% Basic Materials 7.43% Energy 6.29% Consumer Defensive 4.51% Real Estate 3.62% Communication Services 2.61% Utility 2.53% Asset Allocation
Asset Class Value Cash 3.77% Equity 96.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK4% ₹84 Cr 799,815 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE3% ₹74 Cr 252,500
↓ -22,500 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 May 23 | 5433203% ₹69 Cr 4,173,000
↓ -827,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | HDFCBANK3% ₹63 Cr 449,736
↓ -50,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 21 | LT2% ₹55 Cr 158,897 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Nov 20 | SUNPHARMA2% ₹54 Cr 340,000 NHPC Ltd (Utilities)
Equity, Since 31 May 22 | NHPC2% ₹53 Cr 6,000,000
↓ -100,000 Indian Bank (Financial Services)
Equity, Since 31 Dec 23 | 5328142% ₹51 Cr 968,910 Hitachi Energy India Ltd Ordinary Shares (Technology)
Equity, Since 31 Aug 22 | POWERINDIA2% ₹50 Cr 83,988 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Apr 23 | TATAMOTORS2% ₹49 Cr 515,000
↓ -65,000 8. Franklin India Equity Fund
CAGR/Annualized
return of 18.2% since its launch. Ranked 50 in Multi Cap
category. Return for 2023 was 30.8% , 2022 was 5.3% and 2021 was 40.3% . Franklin India Equity Fund
Growth Launch Date 29 Sep 94 NAV (15 Mar 24) ₹1,368.92 ↓ -7.31 (-0.53 %) Net Assets (Cr) ₹14,165 on 31 Jan 24 Category Equity - Multi Cap AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio 2.46 Information Ratio 0.62 Alpha Ratio 5.98 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹9,871 28 Feb 21 ₹13,672 28 Feb 22 ₹16,483 28 Feb 23 ₹17,104 29 Feb 24 ₹24,639 Returns for Franklin India Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -0.6% 3 Month 5% 6 Month 14.5% 1 Year 43.9% 3 Year 20.2% 5 Year 18.2% 10 Year 15 Year Since launch 18.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 30.8% 2022 5.3% 2021 40.3% 2020 16% 2019 3.3% 2018 -4.4% 2017 30.6% 2016 5% 2015 4.4% 2014 56.8% Fund Manager information for Franklin India Equity Fund
Name Since Tenure R. Janakiraman 1 Feb 11 13.09 Yr. Sandeep Manam 18 Oct 21 2.37 Yr. Rajasa Kakulavarapu 1 Dec 23 0.25 Yr. Data below for Franklin India Equity Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 25.6% Industrials 13.83% Consumer Cyclical 12.53% Technology 10.56% Consumer Defensive 7.63% Basic Materials 5.79% Utility 5.35% Energy 4.96% Communication Services 4.96% Health Care 1.85% Asset Allocation
Asset Class Value Cash 6.91% Equity 93.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK8% ₹1,080 Cr 10,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | HDFCBANK6% ₹878 Cr 6,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 13 | LT6% ₹800 Cr 2,300,000 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY5% ₹768 Cr 4,627,000
↑ 427,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 06 | BHARTIARTL5% ₹702 Cr 6,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 5322154% ₹619 Cr 5,800,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 13 | HCLTECH4% ₹511 Cr 3,243,000
↑ 443,000 NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 5325553% ₹416 Cr 13,118,000
↑ 1,118,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN3% ₹416 Cr 6,500,000 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Aug 19 | MCDOWELL-N3% ₹392 Cr 3,600,000 9. Principal Multi Cap Growth Fund
CAGR/Annualized
return of 15.8% since its launch. Ranked 12 in Multi Cap
category. Return for 2023 was 31.1% , 2022 was -1.6% and 2021 was 46.3% . Principal Multi Cap Growth Fund
Growth Launch Date 25 Oct 00 NAV (15 Mar 24) ₹311.278 ↓ -0.52 (-0.17 %) Net Assets (Cr) ₹2,399 on 31 Jan 24 Category Equity - Multi Cap AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.16 Sharpe Ratio 2.3 Information Ratio -0.37 Alpha Ratio -0.88 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,563 28 Feb 21 ₹13,444 28 Feb 22 ₹17,298 28 Feb 23 ₹17,299 29 Feb 24 ₹24,090 Returns for Principal Multi Cap Growth Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -3.1% 3 Month 0.5% 6 Month 10.8% 1 Year 38.4% 3 Year 19.6% 5 Year 17.2% 10 Year 15 Year Since launch 15.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 31.1% 2022 -1.6% 2021 46.3% 2020 15% 2019 3.9% 2018 -8.7% 2017 48.7% 2016 6.4% 2015 2.8% 2014 49.4% Fund Manager information for Principal Multi Cap Growth Fund
Name Since Tenure Ratish Varier 1 Jan 22 2.16 Yr. Sudhir Kedia 1 Jan 22 2.16 Yr. Data below for Principal Multi Cap Growth Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 29.81% Industrials 16.48% Consumer Cyclical 12.46% Technology 7.08% Health Care 6.86% Consumer Defensive 5.25% Energy 4.79% Basic Materials 4.46% Communication Services 4.06% Utility 2.92% Real Estate 2.09% Asset Allocation
Asset Class Value Cash 3.72% Equity 96.28% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 05 | RELIANCE5% ₹115 Cr 402,999 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK5% ₹113 Cr 1,099,909
↓ -279,319 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK4% ₹95 Cr 648,743 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 23 | 5328103% ₹79 Cr 1,776,501
↓ -300,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 24 | 5322153% ₹77 Cr 723,015
↑ 723,015 NTPC Ltd (Utilities)
Equity, Since 31 Mar 23 | 5325553% ₹70 Cr 2,205,077
↓ -228,364 KSB Ltd (Industrials)
Equity, Since 31 Jul 22 | KSB3% ₹69 Cr 189,783 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 23 | SUNPHARMA2% ₹60 Cr 421,000 Indian Bank (Financial Services)
Equity, Since 31 Dec 23 | 5328142% ₹59 Cr 1,176,997
↑ 869,436 Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY2% ₹57 Cr 344,063
↓ -7,006 10. Invesco India Multicap Fund
CAGR/Annualized
return of 15.8% since its launch. Ranked 37 in Multi Cap
category. Return for 2023 was 31.8% , 2022 was -2.2% and 2021 was 40.7% . Invesco India Multicap Fund
Growth Launch Date 17 Mar 08 NAV (15 Mar 24) ₹104.42 ↓ -0.37 (-0.35 %) Net Assets (Cr) ₹3,132 on 31 Jan 24 Category Equity - Multi Cap AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio 2.37 Information Ratio -0.74 Alpha Ratio 0.11 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,230 28 Feb 21 ₹14,192 28 Feb 22 ₹16,796 28 Feb 23 ₹17,382 29 Feb 24 ₹24,581 Returns for Invesco India Multicap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -3.4% 3 Month 0.8% 6 Month 11.3% 1 Year 39.5% 3 Year 18.2% 5 Year 17.5% 10 Year 15 Year Since launch 15.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 31.8% 2022 -2.2% 2021 40.7% 2020 18.8% 2019 4.6% 2018 -12.5% 2017 46.2% 2016 0.7% 2015 6.7% 2014 72.1% Fund Manager information for Invesco India Multicap Fund
Name Since Tenure Amit Nigam 3 Sep 20 3.49 Yr. Dhimant Kothari 1 Dec 23 0.25 Yr. Data below for Invesco India Multicap Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 29.45% Industrials 15.51% Consumer Cyclical 15.05% Technology 8.65% Basic Materials 7.39% Health Care 6.61% Consumer Defensive 6.3% Utility 5.94% Energy 1.35% Real Estate 1.1% Asset Allocation
Asset Class Value Cash 2.65% Equity 97.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹144 Cr 1,370,020
↑ 134,676 Infosys Ltd (Technology)
Equity, Since 31 Mar 22 | INFY3% ₹93 Cr 554,326
↓ -69,506 NTPC Ltd (Utilities)
Equity, Since 30 Jun 22 | 5325553% ₹92 Cr 2,737,131 Anand Rathi Wealth Ltd (Financial Services)
Equity, Since 31 Mar 22 | 5434153% ₹85 Cr 233,796 Indian Bank (Financial Services)
Equity, Since 30 Jun 21 | 5328142% ₹75 Cr 1,426,985 J.B. Chemicals & Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Sep 20 | JBCHEPHARM2% ₹71 Cr 456,016 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Apr 21 | CHOLAFIN2% ₹63 Cr 578,528 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 24 | RELIANCE2% ₹63 Cr 215,269
↑ 67,013 NHPC Ltd (Utilities)
Equity, Since 30 Nov 22 | NHPC2% ₹62 Cr 7,035,486 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 23 | LT2% ₹62 Cr 177,827
When making a long-term investment, investors are advised to take into account their risk appetite. Investors who wish to invest in equity funds should smartly allocate funds to their portfolio. However, there are no hard and fast rules, investors should see the level of risk they can take and then decide the funds to invest. Investors could thoroughly study these funds and invest according to their investment objectives by adding the Best diversified funds to their portfolio.