Fund Performance : Strong follow up to previous month
Ampersand NAV was up 7.6% this month, well ahead of benchmark and key market indices. This was mainly
due to a tailwind of strong results in the majority of our portfolio holdings. If not for a couple of earnings
misses, we could have performed a tad better. Sectorally, our reasonable weights in IT and Autos helped us,
as did the underweight stance in financials.
With this, we have significantly outperformed both the Nifty and benchmark (BSE 500) across time periods,
and lagged the best performing index i.e. mid cap, just a tad in certain periods over the past year.
Since inception in Sept 2017, our fund delivered cumulative returns of 141.3%, compared to Nifty (86%) and
Nifty Midcap (up 83.5%).
Fund and Market Performance
| Returns | Since Inception | 1 Month | 3 Months | 6 Months | 1 Year | 3 Year CAGR | 5 Year CAGR |
| AGOFS-I | 141.3% | 7.6% | 11.5% | 4.8% | 19.6% | 34.4% | 16.5% |
| S&P BSE 500 (Benchmark) | 81.1% | 3.5% | 8.6% | -1.4% | 2.8% | 26.4% | 11.2% |
| NIFTY 50 | 86.0% | 2.6% | 7.1% | -1.2% | 11.8% | 24.6% | 11.5% |
| NIFTY MIDCAP 100 | 83.5% | 6.2% | 12.1% | 5.4% | 19.3% | 36.5% | 12.3% |
| AFOFS-I NAV* | 241.3 |
*NAV (post expenses & taxes due till date), Class & Series-wise NAV may differ