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This fund has very high risk Benchmark(s) : Nifty 500 Benchmark(s) : Nifty 500
7,766.16 Cr AUM 
As of 30/09/2025 
2,44,000 Existing Investors As of 30/09/2025 Existing Investors As of30/09/2025
2,44,000 As of30/09/2025
As of30/09/2025 2,44,000 As of30/09/2025 Fund Size As of 30/09/2025
7,766.16 Cr As of 30/09/2025
As of 30/09/2025 7,766.16 Cr As of 30/09/2025 - Expense Ratio[#] As of 30/09/2025 1.75%
- NAV As of 14/11/2025 261.5254
- The fund is an open ended equity fund suitable for investors seeking long term capital appreciation by investing in special situation themes.
How does the fund work?
- The fund aims to generate capital appreciation by investing in opportunities presented by special situations such as corporate restructuring, government policy and/or regulatory changes, companies going through temporary unique challenges and other similar instances.
- It invests minimum 80% of assets in special situations theme.
- At present, the fund predominantly invests across three themes, Make in India, Sustainable living and Digitalization.
Fund Video - The fund aims to generate capital appreciation by investing in opportunities presented by special situations such as –
- Corporate restructuring
- Government policy and/or regulatory changes
- Companies going through temporary unique challenges and
- Other similar instances
The recommended investment horizon is “5 years or more”
Alternative To
Investments in companies undergoing Special Situations
Suitable For
Retirement Corpus
Childs Marriage
Long Term Wealth Creation
As on 31/10/2025
- Axis Bank Ltd. (Banks)
- State Bank of India (Banks)
- Eternal Ltd (Consumer Services)
- Maruti Suzuki India Ltd. (Automobiles & Components)
- Reliance Industries Ltd. (Energy)
- Bharti Airtel Ltd. (Telecommunication Services)
- Mphasis Ltd. (Software & Services)
- Mahindra & Mahindra Ltd. (Automobiles & Components)
- NTPC Ltd. (Utilities)
- HDFC Bank Ltd. (Banks)
Portfolio Current Allocations As of 31/10/2025
Top Holdings % of Total
Axis Bank Ltd.
5.94%
State Bank of India
5.70%
Eternal Ltd
3.71%
Maruti Suzuki India Ltd.
3.35%
Reliance Industries Ltd.
3.02%
Portfolio Composition
Equity (93.65%) Fixed Income (0%) Cash & Cash Equivalents (6.35%)
Sector Breakdown % of Equity
Banks
19.91%
PHARMACEUTICALS & BIOTECHNOLOGY
8.23%
AUTOMOBILES
8.14%
IT - SOFTWARE
7.44%
Telecom - Services
5.82%
View Portfolio NAVs & Other Details
Fund Managers
Kiran Sebastian
Managing this fund since 07/02/2022
View all funds managed by him/her View all funds managed by him/her 
Janakiraman Rengaraju
Managing this fund since 01/04/2013
View all funds managed by him/her View all funds managed by him/her 
Sandeep Manam
Managing this fund since 18/10/2021
View all funds managed by him/her View all funds managed by him/her Scheme Details
| Inception | 21/02/2000 |
| Benchmark(s) | Nifty 500 |
| Entry Load | Nil |
| Exit Load | In respect of each purchase of units - 1% if the units are redeemed/switched-out within one year of allotment |
| AUM (Month end) | 7766.16 crores |
| Minimum Investment/Multiples for Fresh Purchase (₹) | 5000/1 |
| Additional Investment/Multiples thereof (₹) | 1000/1 |
Financial Ratio
| Standard Deviation | 4.43 % |
| Sharpe Ratio** | 1.57 |
| RSquared Ratio | 0.76 |
| Risk-free Rate | 5.69% |
| Portfolio Turnover | 49.00% |
Managed funds by
Fund Documents
As on October 31, 2025 (Uploaded on November 07, 2025) Product Label and Riskometer as on October 31, 2025
This product is suitable for Investors who are seeking*:
- Long term capital appreciation
- A fund that takes stock or sector exposures based on special situations theme
The risk of the scheme is Very High risk.
*Investors should consult their financial distributors if in doubt about whether the product is suitable for them.
The risk of the benchmark is Very High risk
Riskometer of Benchmark:Nifty 500
Disclaimers
IDCW - Income Distribution cum Capital Withdrawal
**The information given here is neither a complete disclosure of every material fact of Income-tax Act 1961 nor does it constitute tax or legal advice. Investors are requested to review the scheme documents carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
* All portfolio holdings are subject to change. The information stated above does not constitute an investment advice or recommendation to subscribe or transact in these securities.
** Annualized risk free rate assumed to be FIBL Overnight MIBOR
Past performance may or may not be sustained in the future.
SIP returns are assuming investment made on first business day of every month and not disclosed for closed-end funds. Returns greater than 1 year period are compounded annualized. For liquid funds, the less than 1 year returns are simple annualized. Load has not been taken into consideration. Performance of dividend plan / option would be at the gross rates. Dividends are assumed to be reinvested and Bonus is adjusted. For equity oriented funds, additional benchmark chosen is Nifty 50. Given the asset allocation, hybrid fund performance are not comparable with pure equity/debt fund performance and that of Additional Benchmarks.
Past performance may or may not be sustained in future. Pursuant to payment of income distribution cum capital withdrawal (IDCW), the NAV of the scheme will fall to the extent of payout and statutory levy (if applicable)
The income distribution cum capital withdrawal (IDCW) rates could be inclusive of statutory levy, if any. The income distribution cum capital withdrawal (IDCW) received by investors will be net of statutory levy (as applicable).
The income distribution cum capital withdrawal (IDCW) payout post 1st April 2020 shall be subject to tax deducted at source i.e. TDS, as applicable.
Disclaimer :
Benchmark of the fund has changed from S&P BSE 200 to Nifty 500 with effect from June 4, 2018
Benchmarks and Additional Benchmarks as applicable on 31-May-2018, are considered for performance. Changes effective 4-Jun-2018 will be considered for performance as of 29-Jun-2018 and onwards.
Benchmark returns calculated based on Total Return Index Values
As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite of ($ ET Mindex PRI values from 21.02.2000 to
10.03.2004; S&P BSE 200 PRI values from 10.03.2004 to 01.08.2006 and S&P BSE 200 TRI values since 01.08.2006)
