CANARA ROBECO EQUITY DIVERSIFIED Fund is a large-cap biased fund with a slight exposure to mid and small caps. It has been struggling to outperform peers in the past few years, but has shown signs of a turnaround this year.
The fund manager tweaked the portfolio a year ago, cutting down the number of holdings and bringing in more conviction. Its top bets are index heavyweights, but the fund is not an index hugger.
A shift in focus from industrials and pure banking to NBFCs and other sectors has led to a pick-up in performance. The manager focuses largely on compounding businesses with earnings visibility, scalability and competitive advantages.
The risk reward profile is inferior to many peers and investors should watch for sustained improvement in its returns.
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