swapna
14-11-2007, 06:19 AM
When Amitabh Bachchan entered the film industry in the early 70s, super stars were scarce and the legendary Salim-Javed were all set to usher in the new anti-hero. In the 90s Shah Rukh Khan was equally lucky. The audience had given up on cinema in the 80s and hence lapped up his films as they brought in a breath of fresh air. Sundaram Select Midcap Fund too couldn’t have found a better time to enter the market. Launched just a year before the current bull run started, this fund has delivered scorching returns over the past five years.
Sundaram Select Midcap
History
Over a short time span, the fund has been managed by several fund managers – Anoop Bhaskar for the longest span of time and Satish Ramanathan currently. It first shot into prominence in 2003 and with its superior performance last year, Anoop Bhaskar became one of the stars on the fund management circuit. In fact, it was his singular pick of Unitech (some say Sundaram was the first to recognise the potential in the real estate sector) which turned into a gold mine for the scheme as it helped earn handsome returns.
Portfolio & outperformance strategy
Upon his entry, the fund manager first cut down the number of stocks (as high as 130 at one of time) to around 70 as he believes that a more concentrated portfolio serves investor interest well. Along with Reliance, Sundaram has always advocated the use of cash (staying uninvested) to ride market volatility and this has served its cause well. But Mr Ramanathan says he is not in favour of this philosophy and prefers to stay fully invested. To sum up, the strategy for the fund has undergone a radical change with the new fund manager coming in. However, we still believe this should not discourage a long-term investor from entering the fund.
Sundaram Select Midcap
History
Over a short time span, the fund has been managed by several fund managers – Anoop Bhaskar for the longest span of time and Satish Ramanathan currently. It first shot into prominence in 2003 and with its superior performance last year, Anoop Bhaskar became one of the stars on the fund management circuit. In fact, it was his singular pick of Unitech (some say Sundaram was the first to recognise the potential in the real estate sector) which turned into a gold mine for the scheme as it helped earn handsome returns.
Portfolio & outperformance strategy
Upon his entry, the fund manager first cut down the number of stocks (as high as 130 at one of time) to around 70 as he believes that a more concentrated portfolio serves investor interest well. Along with Reliance, Sundaram has always advocated the use of cash (staying uninvested) to ride market volatility and this has served its cause well. But Mr Ramanathan says he is not in favour of this philosophy and prefers to stay fully invested. To sum up, the strategy for the fund has undergone a radical change with the new fund manager coming in. However, we still believe this should not discourage a long-term investor from entering the fund.