The equity portfolio is made up of 59 stocks, which are predominantly large-caps, while the allocation to mid-caps is not as profound at under 20 per cent. Spreading the investments across several stocks helps mitigate risks, which is reflected in its performance.
Investments are in quality stocks, dominated by private sector banking giants like HDFC Bank and IndusInd Bank. Banking is the top sectoral bet, with allocation to sector being the highest at the moment at 12.4 per cent. What strikes out with this fund is its consistency in volatile phases of the market, when it has done better than the broader BSE 500 index and its peers in the balanced fund category. The performance of the fund can be gauged by its returns since inception, which stand at an average 18 per cent, which makes a case for investing in it.