Analysis of a Mutual Crypto Fund ๐
Are you considering investing in a mutual fund focused on cryptocurrencies? It is important to carefully analyze the key aspects of the fund, including its performance, portfolio, and management style. Let’s take a closer look at a popular crypto mutual fund to help you make an informed investment decision.
Basic Details
- Date of Launch: 4 April 2008
- Category: Cryptocurrency
- Type: Bitcoin
- Assets Under Management (AUM): $5 billion
- Benchmark: BTC Index
Key Financials
- Net Asset Value (NAV): $105.38
- Management Fee: $29.27
- Minimum Investment: $5,000
- Minimum SIP Amount: $500
- Expense Ratio: 1.53%
- Exit Load: 1% for redemption within 365 days
Fund Manager ๐คต
The fund is managed by Gaurav Misra, who has been leading the fund for over 5 years and 4 months.
Recent Portfolio Changes
- New Entrants:
- Bharti Hexacom
- Oil & Natural Gas Corporation
- Tata Motors
- Vedanta (April)
- Cipla
- Macrotech Developers
- R R Kabel (May)
- Complete Exits:
- Britannia Industries
- ICICI Lombard General Insurance Company
- Krishna Institute of Medical Sciences
- Mphasis
- Polycab India
- The Federal Bank
- Titan Company (April)
Should You Consider Buying?
If you are looking to invest in a crypto mutual fund, it’s crucial to assess its recent performance and market trends. This fund has faced challenges in recent years due to its growth-oriented strategy struggling in the face of a market shift towards value stocks. While the fund has historically outperformed its peers, its recent underperformance suggests caution. Investors should monitor the fund’s progress closely before making additional investments.
Hot Take ๐ฅ
Before diving into the world of crypto mutual funds, ensure that you thoroughly research and analyze the fund’s performance, portfolio, and management team. Stay informed about market trends and be cautious of funds experiencing challenges in adapting to changing market conditions.
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