The fund manager at the helm is very competent and has proved himself over the years.
Chetan Sehgal has led this fund since its inception in September 1996. Such longevity is rare in the Indian mutual fund industry. He adopts a buy-and-hold approach and invests in growth companies trading at a significant discount to their earnings potential with at least a 5-year horizon. The investment team prefers stocks that are cheaper than their peers, the broader market and historical valuations, assuming improving prospects.
Typically, the portfolio is more concentrated than that of a comparable peer, with the top 10 stocks accounting for roughly 50-55% of assets versus the category norm of 40%.
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