While its portfolio is reasonably diversified, it takes large positions in its top picks—mostly index heavyweights. The fund manager, however, is comfortable stepping out of the benchmark index to play in the mid-cap space. She stays away from smaller names though and emphasises on quality. Currently, the fund has overweight positions in technology and auto sectors, and is tilted in favour of financials. Given its conservative style, the fund has remained a mid-rung performer in recent years.

But investors can take comfort in its above-par performance over longer time periods.