Fund watch: Morgan Stanley A.C.E has outperformed benchmark thrice since 2009
Morgan Stanley A.C.E has outperformed its benchmark thrice since 2009.
The scheme outperformed its benchmark thrice since 2009.
FUND FACTS
INCEPTION: March 2008
CATEGORY: Equity large- and mid-cap
TYPE: Open-ended
AUM: Rs 255.84 crore
BENCHMARK INDEX: BSE 200
WHAT IT COSTS
NAV: Rs 13.53 (G), Rs 12.74 (D)
MIN INVESTMENT: Rs 5,000
MIN SIP AMOUNT: Rs 1,000
EXPENSE RATIO: 2.26%
EXIT LOAD: 1% if redeemed within one year
WHO SHOULD INVEST IN IT?
The fund is consistent and invests in a blend of value and growth stocks. Though relatively new, it has displayed performance resilience in both bull and bear markets. It consistently beats the category average by adopting a multi-cap diversified portfolio strategy.
The fund has evolved from a multicap to a large- and mid-cap fund since January 2012. This move has helped it check losses when the market has done badly, at the expense of losing the gains it could have had when markets surged.
In 2012, there was an increase in mid-cap allocation, which resulted in a dip in its performance. It could prove to be a long-term performer.
MEET THE FUND MANAGER
Fund manager Jayesh Gandhi follows a topdown approach for sector allocation and bottomup research for individual stock selection. He takes risks by investing in sectors that are out of favour, improving the fund's performance.
Data and analysis of the fund have been sourced from Value Research
FUND FACTS
INCEPTION: March 2008
CATEGORY: Equity large- and mid-cap
TYPE: Open-ended
AUM: Rs 255.84 crore
BENCHMARK INDEX: BSE 200
WHAT IT COSTS
NAV: Rs 13.53 (G), Rs 12.74 (D)
MIN INVESTMENT: Rs 5,000
MIN SIP AMOUNT: Rs 1,000
EXPENSE RATIO: 2.26%
EXIT LOAD: 1% if redeemed within one year
WHO SHOULD INVEST IN IT?
The fund is consistent and invests in a blend of value and growth stocks. Though relatively new, it has displayed performance resilience in both bull and bear markets. It consistently beats the category average by adopting a multi-cap diversified portfolio strategy.
The fund has evolved from a multicap to a large- and mid-cap fund since January 2012. This move has helped it check losses when the market has done badly, at the expense of losing the gains it could have had when markets surged.
In 2012, there was an increase in mid-cap allocation, which resulted in a dip in its performance. It could prove to be a long-term performer.
MEET THE FUND MANAGER
Fund manager Jayesh Gandhi follows a topdown approach for sector allocation and bottomup research for individual stock selection. He takes risks by investing in sectors that are out of favour, improving the fund's performance.
Data and analysis of the fund have been sourced from Value Research
