Fund Performance: Superior showing yet again this month
Ampersand NAV was up 5.5% this month, well ahead of the benchmark BSE500 (up 3.8%) and the Nifty (up
2.9%), and broadly in line with mid cap indices. This was despite several of our large cap holdings not faring as
well. Our superior performance was aided by a host of mid and small caps, where investments made in the
past have started to bear fruition now. Sector-wise, our exposure to Engineering & Capital goods and Auto
sectors helped us, as did the underweight stance in Financials.
Since inception in Sept 2017, our fund delivered cumulative returns of 168.6%, compared to Nifty, BSE 500 and
Nifty mid cap (each delivered in the 95%-105% range).Fund and Market Performance.
Fund and Market Performance
| Returns | Since Inception | 1 Month | 3 Months | 6 Months | 1 Year | 3 Year CAGR | 5 Year CAGR |
| AGOFS-I | 168.6% | 5.5% | 19.8% | 25.6% | 22.8% | 31.2% | 18.9% |
| S&P BSE 500 (Benchmark) | 95.7% | 3.8% | 11.8% | 13.8% | 15.9% | 23.6% | 12.1% |
| NIFTY 50 | 98.2% | 2.9% | 9.3% | 11.8% | 15.1% | 21.3% | 11.7% |
| NIFTY MIDCAP 100 | 105.1% | 5.5% | 18.6% | 23.0% | 27.3% | 34.6% | 14.9% |
| AFOFS-I NAV* | 268.6 |
*NAV (post expenses & taxes due till date), Class & Series-wise NAV may differ