Typically many of these funds hold a large number of stocks and their rebalance frequency is also distant. For small cap and micro cap, we are rebalancing every week and therefore, I expect that we are more nimble. As we have limited number of stocks, I think we will be holding the stronger stocks, going up or down.
I had a brief look at the fund on valueresearch.
In addition to equity, they hold some debt also. Further, not clear what their universe is. Many of their top holdings like Reliance or Park Hotels, or United Spirits will not appear in any momentum screening. Therefore, they must be using a discretionary element also.
At the end of the day, it depends on what you want and how much time you have to spare.
It will give me greater pleasure in a pf that I have designed than investing in a MF, even if the returns are the same.
Subscribe To Our Free Newsletter |