The popular mutual fund scheme, which has assets under management (AUM) worth over Rs 22,000 crore, is run by veteran money manager Rajeev Thakkar.
In the portfolio of 22 stocks, ITC is the largest holding with 8.9 per cent. Other major investments include
& Investment, , , Hero Moto, , and .
The latest entrant in the portfolio, Coal India, however, forms just 0.16 per cent of the portfolio.
The stock which comes with a dividend yield of 8.5 per cent has rallied 31 per cent in the last one year. At least 23 analysts have buy ratings on the PSU stock. In the March quarter, the mining giant had reported its consolidated net profit at Rs 6,692.94 crore, up 45.91 per cent from Rs 4,586.78 crore in the same quarter last year.
After underperforming for a long time, PPFAS’ another anti-ESG bet ITC has also rallied 18 per cent in the last 6 months and hit a 52-week high of Rs 282.35 apiece in May. Like Coal India, ITC also has an attractive dividend yield of over 4 per cent.
Based on the principles of value investing, the fund is known to pick stocks with low-debt, high cash flows and those quoting at a discount to their intrinsic value.