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Sundaram BNP Paribas SMILE Fund, 38 per cent yearly return

The Sundaram BNP Paribas SMILE Fund shows 38% yearly return boosting investor's confidence to hold the funds units.

18 May 2008

The Sundaram BNP Paribas SMILE Fund shows 38% yearly return boosting investor's confidence to hold the funds units.

Sundaram BNP Paribas SMILE Fund shows a 38% yearly return, boosting the investor's confidence to hold the fund units.

Called the Small and Medium Indian Leading Equities (SMILE), it has exposure to all the market capitalization range. The fund has managed to maintain a sizeable allocation to mid-and small cap stocks in its portfolio.

The market slow down since January this year has adequately highlighted the risks and impact costs that mid and small-cap stocks carry, despite their return potential.

In the fund portfolio, the stock with a market cap of Rs 2,500 crore or less accounted for 27 per cent of its assets in December 2007. This was cut down to 16 per cent by the end-April 2008. It has been done to contain volatility better.



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