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Seeking long term buy? Consider IDFC Imperial Equity fund
15 Jun 2012, 11:00 AM
IDFC Imperial Equity fund is an open ended fund with an exposure in Large cap segment. This fund is to be considered by investors with a long term prospect of 3 years or more, reckons financial advisor Arnav Pandya

Nature: Equity oriented Large cap open ended fund

Inception: February 2006

Assets under Management: Rs 318 crore at the end of March 2012

Fund Manager: Tridib Pathak

Analysis:

The fund is a diversified large cap based fund. It had the highest exposure of 22 per cent of the portfolio to banks at the end of March 2010. Software was next with around 10 per cent of the portfolio and this was followed by consumer non durables. Reliance Industries was the top stock in the portfolio with an exposure of over 7 per cent. Others with a high exposure included BHEL, ICICI Bank, Sterlite and HDFC Bank. The fund was underperforming its benchmark the S&P CNX Nifty over the one year period but outperforming over the three year period. Six months later the position on the sectoral front was the same with banks being the top sector followed by software and consumer non durables. This was followed closely by pharma and auto. In terms of the individual stocks ICICI Bank was at the top spot followed by Mphasis, ONGC, BHEL and Bank of Baroda. The fund continued on its performance of underperforming its benchmark over the one year period but outperforming over the three year time period. By the end of March 2011 while banks and software remained the top two sectors the third spot was now occupied by petroleum products. Reliance Industries was the top holding and some of the other companies with a higher exposure were TCS, Sterlite, Jindal Steel & Power and BHEL. The fund was underperforming over the one year period but outperforming over the three year time period. Six months later the situation saw banks remain as the top sector holdings followed by software and then by auto. When it came to the individual stocks the portfolio turnover ratio
 
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