Goldman's fund is the one to chase for some money-making

Equity markets are attempting strongly to outperform other asset classes and in 2016 the markets have indeed climbed the wall of worries and managed to stay in green. Investors in India have shown faith in equity markets with preferred mode being taking exposure to markets through mutual funds. With variety of funds available for investments important decision to make is to identify the fund to invest in. 

Looking at risk adjusted returns and excess returns over benchmark on historical basis, Goldman Sachs India Equity Fund - G is one fund which has an impressive track record. The Alpha for the fund is at 6.1 per cent and the Sharpe Ratio is 0.76, indicating excess performance. 

The fund's performance for past 6 months has been impressive, reflecting 12.79 per cent growth. Over 1 year the fund has under-performed the broader market with returns of 1 per cent. 2 years annualised returns for the funds are 17.12 per cent and the returns for 3 years on annualised basis are 24.27 per cent. 

Managed by Hiren Dasavi and Aman Batra the fund has an expense ratio of 2.68 per cent. The Fund has highest allocation to Financials sector with 27 per cent weightage. The other sectors the fund has placed a bet on are Consumer Products (13.6 per cent), Healthcare (9.8 per cent), IT (8.4 per cent) and Automobile (8 per cent). 

The top holdings for the fund are HDFC Bank (4.6 per cent), Infosys (4.3 per cent), Axis Bank (4.2 per cent), IndusInd Bank (3.1 per cent) and Maruti Suzuki Ltd.,(2.8 per cent).