Fund Performance: Another decent month
Ampersand NAV was up 5.5% this month, ahead of benchmark and the Nifty. And this was despite some of our
largest positions faring poorly, which makes this performance even more satisfying. Several portfolio stocks
did well, especially our relatively newer positions. Sector-wise, our positions in Capital goods and Autos helped
us, as did the underweight stance in financials.
With this, we have significantly outperformed both the Nifty and benchmark (BSE 500) over the last year, and
the mid cap index over an extended time period.
Since inception in Sept 2017, our fund delivered cumulative returns of 154.6%, compared to Nifty (92.6%) and
Nifty mid cap (up 94.4%)
Fund and Market Performance
| Returns | Since Inception | 1 Month | 3 Months | 6 Months | 1 Year | 3 Year CAGR | 5 Year CAGR |
| AGOFS-I | 154.6% | 5.5% | 18.0% | 15.8% | 30.2% | 32.8% | 17.6% |
| S&P BSE 500 (Benchmark) | 88.5% | 4.1% | 12.6% | 6.0% | 22.3% | 24.7% | 11.6% |
| NIFTY 50 | 92.6% | 3.5% | 10.5% | 6.0% | 21.6% | 23.0% | 12.0% |
| NIFTY MIDCAP 100 | 94.4% | 5.9% | 19.0% | 13.5% | 35.2% | 34.5% | 12.2% |
| AFOFS-I NAV* | 254.6 |
*NAV (post expenses & taxes due till date), Class & Series-wise NAV may differ