The scheme seeks to generate long-term capital appreciation and current income by investing in a portfolio that is investing in equities and related securities as well as fixed income and money market securities. The approximate allocation to equity would be in the range of 60-80 per cent with a minimum of 51 per cent, and the approximate debt allocation is 40-49 per cent, with a minimum of 20 per cent.
This product is suitable for investors who are seeking
• A balanced fund aiming for long term capital appreciation and current income by
• investing in equity as well as fixed income securities.
The fund after changes in the fund managers over a period of almost two decades has got Manish Banthi, S ankaran Naren and Atul Patel who have proven to be a good fit for the fund. The fund follows a growth and value strategy for over 80% of its equity portfolio and plays on income strategy and not duration on its debt allocation. The strategy till now has provided the fund with superior returns over its peers and the prospects look similarif the fundamentals and investment mandate does not change significantly.