The fund seeks to achieve long-term capital appreciation and current income from a balanced portfolio with a target allocation of 60% equity, 40% debt and money market securities.
This product is suitable for investors who are seeking
• long term capital growth and income
• investment predominantly in equity and equity related securities as well as debt and money market instruments
The fund is around for almost 15 years and has consistently been able to outperform its peers and the benchmark except 2008 but was soon able to attain its position in the top most fund. The fund has 70-75% equity portion focusing on large growth stocks and the debt portion consists of AA rating bonds with modified duration of less than 4 and average yield in line with category which will help it to generate returns better than peers even during a high interest rate environment. The fund manager changes have played a negative on the fund prospects but is now stabilised with Mahesh Patil who has a solid track record in managing the top funds of Adtiya Birla Sunlife AMC.