How about a value fund in your portfolio ?

Multi-cap value fund could well be one of the essential additions to ones mutual fund portfolio keeping in view the out-performance of small and mid cap stocks. For out-performance an investor needs to spice up the portfolio with small cap stocks and mid cap stocks as it will be a mistake to focus simply on large cap stocks.

L&T India Value Fund- G , is one such fund which invests in multi cap stocks. Managed by Venugopal M and Abhijeet Dakshikar the fund has assets under management of Rs 776 crore. 

The fund has generated 9 per cent returns over a 6 month period, 9.5 per cent over a 1 year period, 22.4 per cent on an annualised basis over a 2 year period, 31.7 per cent over a 3 year period and 19.95 per cent returns over a 5 year period. The expense ratio for the fund is 2.51 and the fund is operational since Jan 8, 2010. 

The Alpha for the fund is a healthy 11.25 indicating significant out-performance when compared to the benchmark index. The top sectors the fund has taken exposure to are  Miscellaneous (21 per cent), Financials (17 per cent), Infrastructure & Construction (9.7 per cent), Consumer products (10.1 per cent) and Automobiles (8.4 per cent). 

The top holdings for the fund are Net current assets  (12.2 per cent), ICICI Bank (4.6 per cent), RIL (3.7 per cent), SBI (3 per cent) and Infosys (2.6 per cent).