MOSt Mutual (Mid-Cap) – 1st April 2011
Scheme Objective
It aims to generate returns by investing in high dividend paying companies. It would aim to build a portfolio that provides high dividend yield, substantial capital protection and a strong possibility of capital gains.
Scheme Analysis
Being the first scheme to foray into dividend yield space, it has consistently given dividends since inception except 2008 meltdown. Due to its dynamic asset allocation strategy, the fund contained its losses in 2008; while in 2009 rally the fund delivered 89.74% vs 84.40% given by its category average due to its higher allocation in Mid-cap stocks. In 2010 also, it gave 29.85%. The fund has highest allocation to Banks (14.38%), Petroleum & Gas (12.29%) followed by FMCG (10.36%). The top 10 holdings account for 26.29% of its total portfolio. Its 3-year annualised return as on today stands at 22.38% vs 5.7% (Category Average).
At a Glance
| Latest NAV (Gr) | Rs. 84.77 (Mar 31, 11) |
| Latest NAV (Div) | Rs. 13.82 (Mar 31, 11) |
| Fund Category | Equity Diversified |
| Entry Load (%) | Nil |
| Exit Load (%) | 1% (< 365 days) |
| Inception Date | 26-Feb-03 |
| Net Assets (Rs. Cr.) | 683.79 (29-Oct-10) |
Fund Manager
Nishit Dholakia (Since Jan 2011)
Portfolio Attributes
| Top 5 Holdings | 15.21% |
| No. of Stocks | 73 |
| Exposure to Sensex | 16.13% |
| Exposure to Nifty | 20.10% |
| Portfolio PE Trailing | 19.42 |
| Expense Ratio (%) | 2.27 (Sep 2010) |
| 25-Feb-11 | 6.0% |
| 29-Oct-10 | 7.5% |
| 25-Jun-10 | 7.1% |