In its long existence, the fund's return has been nothing short of astounding. In 11 years, it has underperformed the annual category average just twice. Neither has its star rating ever dropped below four, except for a brief spell in 2000 when it went dangerously overboard with technology stocks and lost heavily in the bargain. But equally impressive is the manner in which the fund rebounds after a crash

The fund has beaten the category average every single year, except in three instances. In 1999, its high exposure to FMCG and pharma went against it in the tech-dominated rally. In 2000, it went overweight on technology and got punished for it. Its underperformance in 2007 was due to a combination of sector moves

This fund has probably turned others green with envy. Its success amongst other equity diversified funds could be attributed to its infrastructure theme which worked in its favour in 2006 and 2007. But in both these years it stood tall among infra funds too. It not only delivered the highest return amongst other infrastructure funds during the last bull phase but also fell the least when the market tanked