Fund watch

Nippon India Growth Mid Cap

Date of posting : 30 Aug 2025

Back in the day when the fund industry was a very small one, Reliance Mutual fund launched perhaps the earliest segment specific scheme - The mid cap oriented Reliance Growth Fund. Starting from the inception value of Rs. 10, the fund NAV stands at an astonishing Rs. 4,168. This of course implies that over the last 30 years the scheme has grown by an incredible 416 times. Let that sink in. 416 times. It seems October is a happening month for the company and big things happen in the month. First the scheme was launched in October and then in October, 2019 the fund house was taken over by Nippon to become a fully owned fund house, Nippon India. 

PGIM India Large Cap

Date of posting : 20 Jun 2025

The fund has gone through many owners and managers to come to it's present day over a long number of years. Starting of as DWS Alfa Equity Fund, back in the day when the very respected Deutsche Bank opened it's asset management business in India. When DWS left the country, the organization became part of the DHFL-Pramerica combine and was named the DHFL Pramerica Large Cap fund. However with the collapse of the house DHFL, and with the new management absolutely and resolutely against any linkage to the past and requiring a new branding again renamed the organisation and the fund was renamed as PGIM Large Cap Fund. And it continues to this day in the new name. 

DSP Large Cap

Date of posting : 08 May 2025

The house "DSP" is steeped in history and entwined with the birth, evolution and maturing of equity in general and the Bombay Stock Exchange in particular. Going back in time to almost 160 years, the house has evolved from just a broking concern to a multi disciplinary financial house. In the case of mutual funds, again they have been at the forefront bringing in the biggest and the best names in fund management globally into the country. Starting with Merrill LYNCH and then Blackrock. However from 2018 the fund house has been on it's own.

Invesco India Large & Mid Cap

Date of posting : 11 Mar 2025

The fund has been through a few iterations over time. Starting off as a pure Growth fund, it changed its stance to become a more aggressively oriented "Growth Opportunities fund". However, in recent times it has adopted a more focused outlook and goes by its current avatar - A Large and Mid-cap fund. The fund house, amongst the biggest global players and based in the United States has been facing the competitive pressure from the home-grown players who have distribution muscle, and have decided to sell a large stake to the Hinduja group, specifically to the IndusInd stable.