Fund Performance: Pause after stellar showing
After sustained and significant outperformance this year, Ampersand Fund lagged most indices in Sept. This
was due to, (1) sharp correction in select few portfolio holdings, primarily due to profit taking, (2) sizeable
advance tax outgo, (3) investment through preferential allotment in a new name and valued at cost, pending
listing approval. As a result, fund NAV declined a tad whereas benchmark BSE 500 rose 2%.
Since inception in Sept 2017, our fund delivered cumulative returns of 185.4%, compared to 98.1% of the BSE
500
Fund and Market Performance
| Returns | Since Inception | 1 Month | 3 Months | 6 Months | 1 Year | 3 Year CAGR | 5 Year CAGR |
| AGOFS NAV | 185.6% | -0.2% | 12.2% | 32.4% | 28.2% | 30.8% | 21.8% |
| BSE 500 | 98.1% | 2.1% | 5.1% | 18.3% | 15.9% | 22.7% | 13.7% |
| Nifty 50 | 97.1% | 2.0% | 2.3% | 13.1% | 14.9% | 20.5% | 12.4% |
| Nifty Midcap 100 | 120.4% | 3.6% | 13.4% | 35.0% | 32.2% | 33.6% | 18.8% |
| AFOFS-I NAV* | 285.6 |
*NAV (post expenses & taxes due till date), Class & Series-wise NAV may differ