Fund manager

Aug 19 2013, 03:58 IST
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SummaryWe like this fund for its consistent performance over market cycles.

Kenneth Andrade: Since: February – 2007: He is a Commerce graduate from Mumbai University. He was earlier working with Kotak Mahindra AMC as fund manager (July 2002-Sept 2005), SSKI Investor Services (Mar 1999- July 2001) & (Jan 2002 -July 2002) in Portfolio advisory — Retail Broking Services, Nimbus Communications — (July 2001-Jan 2002) in Broadcasting — Content Development, LKP Shares & Stock Brokers Pvt. Ltd (Jan 1998- Mar 1999) as Analyst -Equity Research, Meghraj Financial Services (July 1996-July 1998) as Portfolio Manager.

Meenakshi Dawar: Since: October – 2011: She is B.Tech from IGIT, New Delhi and PGDM from IIM, Ahmedabad. She has over 5 years of experience. Earlier, she worked in institutional equities sales and research division on sell side.

Expert View

We like this fund for its consistent performance over market cycles. This fund invests in companies that ride future trends and have strong cultural and societal trends backing them, and are available at cheap valuations. 2007 was a significant year or this fund, when it was the best performer and gave an eye-popping 110 per cent return. That performance has not been repeated, but it has been consistent. In both 2008 and 2011, when the markets fared poorly, this fund did well by containing the fall better than its peers and the benchmark. Among the stocks that have helped it fare well include, Page Industries, Blue Dart Express, Shriram Transport Finance, Future Retail and Coromandel International, Kaveri Seed, Asian Paints, Shree Cement and Coromandel International. At the same time, those failed include Gujarat State Petronet, Future Retail, Siemens, Deep Industries and Torrent Power. Although this fund may have endured an indifferent 2012; its fundamentals remain as strong as ever. A stable, unchanged management of five years and least expense ratio are qualities which make the fund an automatic choice.

Source: Value Research

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