ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.How the fund has performed 81602229 81602243Basic factsDate of launch: 28 March, 2005Category: EquityType: Multi capAUM (As on 28 Feb 2021): Rs 9,166 crBenchmark: NIFTY 500 Multicap 50:25:25 Total return indexWhat it costsNAV (As on 16 March, 2021)Growth option: Rs 116.679Dividend: Rs 33.4554Minimum investment: Rs 100Minimum sip amount: Rs 100Expense ratio (As on 31 Jan 2021) (%): 1.94Exit load: For units in excess of 10% of the investment,1% will be charged for redemption within 365 daysFund manager: Sailesh Raj Bhan Tenure: 16 yearsTop 5 sectors in portfolio (%) 81602257Top 5 stocks in portfolio (%) 81602262Recent portfolio changesNew Entrants: Ceat, Finolex Cables, Indiabulls Real Estate, Indian Energy Exchange, IRCTC, Jubilant Pharmova, PNC Infratech, Polycab India, Tube Investments (Jan), BEML, Hindustan Aeronautics, Jubilant Ingrevia, RailTel CorporaComplete Exits: TVS Motor (Dec), Mahindra & Mahindra (Jan), Indian Energy Exchange, Tube Investments (Feb)Additions: Triveni Turbine, NTPC, Vesuvius India, Polycab India, SBI, Finolex Cables, Garden Reach Shipbuilders & Engineers (Feb)How risky is it? 81602270Source: Value ResearchShould you buy?Unlike many of its erstwhile peers, this fund has retained presence in the multi-cap category. The fund continues to be run as before with balanced allocation to each segment. It has only hiked its small-cap presence marginally to honour new allocation norms for this category. The fund manager is comfortable taking material deviations relative to index in this fund. Its broader market presence and value bias has hurt its return profile badly in past two years. However, the presence of a seasoned, proven fund manager at the helm provides comfort. The strong pick up in performance over past few months is heartening but investors should stick around over entire market cycles to reap rewards of its differentiated stance.