from Chart 1, the fund has not
only outperformed its benchmark, the BSE 500 Index but has also,
the mid-cap fund category average returns. Chart 2 shows the relative
performance of the fund in comparison with BSE Midcap Index, BSE Small
Index and BSE 500 Index since its inception. The BSE 500, BSE Midcap
Small Cap indices since the fund inception have given 110%, 62% and 38%
respectively, while the fund has given more than 200% returns.
Therefore, if an
investor had put Rs. 10,000 into the fund at its inception i.e., 28
2005, his investments would be worth INR. 31,114 as at 30 March 2011.