As the table above amply reflects, the performance of the scheme in both the lumpsum as well as the SIP manner has been exemplary. The last three years has actually been a very good period for the fund having grown its NAV from Rs. 2150 to its current value, generating a 23% CAGR. The SIP returns have been equally impressive and over the last 3 years it has given a very respectable 21%. Over the last year, with a very volatile market and negative growth, the fund has also largely managed to provide a benchmark beating return, except in small phases.

Over the longer periods of 2 and 3 years, the benchmark indexed returns are quiet lower. However the last one year, the scheme performance has come on track and managed to provide significant index beating return. But if we dig a little deeper, and check the discrete period benchmark indexed returns, we clearly see that the 2 years period from March 2022-March 2024 has again seen a significant alpha over the benchmark. 

Every scheme, not only needs to beat the benchmark, but also the peer group. And we check the absolute alpha generated and the rank of the scheme in the peer group. The absolute alpha has remained attractive and the rank within the category has also remained steady and that too with an upward bias. The quartile again paints a very positive picture. The fund has been consistently in the 3 rd quartile but the decile rank illustrates a better performance. The decile shows the fund has been consistently in the 7th decile showing the effectiveness of the fund manager to stay at the 60%-70% segment, inspite of a large asset size to manage.

Absolute is a story. A planned absolute is another story. It is reassuring that the consistency feature is reflected in the Jensen value too, having stayed resolutely positive. And that also a high positive value. The basic risk parameters of Beta and Volatility is also managed very well signifying astute fund management style and intent. Interestingly the fund, inspite of it's size, has not been a n index hugger and yet remains a credible volatility in sync with it's underlying benchmark.