an investment option for every portfolio not just for tax...
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www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management1
Sundaram BNP ParibasTax Saver
March 2009For Private Circulation Only
CRISIL~CPR 1A member of
December 2008
Five Stars Rating Value Research
Refer Disclaimer on slide: 39
March 2009
for 3-year performance ending Dec. 2008
An Investment option for every portfolioNot just for tax saving purpose
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management2
Impressive track record over an nine-year period with annual returns of 17.5% since launch
Leading the broad-based BSE 200 by 8.5 percentage points on annual basis since launch
Rs 10,000 invested at inception is now worth Rs 45,161 in Growth Option.
SIP of Rs 1,000 every month since launch is worth Rs 3.21 lakh, and counting.
History of regular dividend in the Dividend Option; 265% paid since 2004.
Portfolio focuses on the key themes in India’s long-term growth story & large-cap stocks
Ensuring professional expertise to manage your investments for tax-saving purposes.
Acclaimed by multiple third-party fund intelligence outfits through awards/ranking/rating
An investment of up to Rs 1 lakh in this fund is eligible for deduction under Section 80 C, as per prevailing laws.
As per the prevailing tax laws, dividend and long-term capital gains are tax free.
Sundaram BNP Paribas Tax Saver Reasons to own the fund
Past Performance may or may not be sustained in future
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management3
An attractive opportunity to take advantage of
Fiscal Incentives Stock Market
Save Income Tax Create Wealth
Rs 1 lakh deduction under Section 80C will reduce tax outgo now
Tax-free dividends
No tax on capital gains
A lock-in period of three years gives sufficient time for growth in value
Realisation of any wealth created even during the lock-in period as dividends
Multiple benefits: performance & tax savingSundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management4
Outpacing benchmark comfortably
Returns in per cent; Returns as on March 31, 2009Past Performance may or may not be sustained in future
-41.0-32.0-41.0-32.0Last 1 year
6.915.383.0259.3Last 9 years
-14.4-7.0-26.7-13.5Last 2 years-6.9-3.4-19.3-9.8Last 3 years9.222.855.5179.3Last 5 years
16.426.5189.5419.7Last 7 years
9.017.5123.3351.6Since LaunchFundBenchmark BenchmarkFundAnnual Return (%)% change inPeriod
Sundaram BNP Paribas Tax Saver
Compounded annualised return is computed using NAV of Growth option .NAV has been adjusted for dividend declared.
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management5Past Performance may or may not be sustained in future
CRISIL~CPR 1Ranking
Rating
Value Research
An impressive track recordSundaram BNP Paribas Tax Saver
Refer Disclaimer on slide: 39
December 2008
March 2009
on 1-year performance ending December 2008
on 3-year performance ending December 2008
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management6
As of December 2007
Five Years
Q1 Q2 Q3 Q4
Three YearsTwo YearsOne Year
Five Years
Q1 Q2 Q3 Q4
Three YearsTwo YearsOne Year
If there are 100 funds: Q 1:ranks 1-25, Q 2: ranks 26-50, Q3: ranks 51-75 and Q4: ranks 76-100
Quartile # 1 presence among peers
Source: Performance data Value Research March 31, 2009; Quartile Analysis: In house
Sundaram BNP Paribas Tax Saver
As of March 2009
In the bullish phase of 2007, the fund was in the top quartile among peers across time periods
Even after the deep corrective phase in 2008, the fund stays in the top quartile among peers for all time periods
Past Performance may or may not be sustained in future
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management7
Five Years
Q1 Q2 Q3 Q4
Three YearsTwo YearsOne Year
Five Years
Q1 Q2 Q3 Q4
Three YearsTwo YearsOne Year
If there are 100 funds: Q 1:ranks 1-25, Q 2: ranks 26-50, Q3: ranks 51-75 and Q4: ranks 76-100
In the bullish phase of 2007, the fund was in the top quartile among peers across time periods
Quartile # 1 presence among all equity funds, too
Source: Performance data Value Research March 31, 2009; Quartile Analysis: In house
Even after the deep corrective phase in 2008, the fund stays in the top quartile among peers for all time periods
Sundaram BNP Paribas Tax Saver
As of December 2007
As of March 2009
Past Performance may or may not be sustained in future
www.sundarambnpparibas.in Sundaram BNP Paribas Asset ManagementValue as on March 31, 2009.Data Source: Bloomberg. Analysis: In house
Value of Rs 10,000 invested
Rs 45,161Tax SaverBSE 200
Rs 21,857
Value of Sundaram BNP Paribas Tax Saver computed assuming dividend reinvestment from launch date; this will not correspond to NAV of growth option as separate options were introduced only in May 2005
Dividend history
14.0328-03-081.5015.022.0128-12-073.0030.014.4823-03-072.0020.017.5008-12-062.5025.0
NAV as on Record Date
Record Date
Rs. Per Unit
%
15.9725-08-061.5015.019.6203-03-063.0030.0
3.005.005.00
30.050.050.0
18.2130-09-05
15.9926-03-0418.1428-01-05
Total dividend pay-out: Rs 26.5 per unit
If you had invested Rs.10,000 at the time of launch you would have received Rs.26,500 as dividend and your holding will be worth Rs.8,307
All dividends are on the face value of Rs.10 per unit. After declaration of dividend the NAV will decline to the extent of the payout
Value of early investment & dividend history
Mar 2009
Sundaram BNP Paribas Tax Saver
Dec 1999
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management
An Aggressively Managed
Tax Saver Fund
Sundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management10
Growth
Mid / Small Caps
Micro Caps
Large Caps
Style Map
Risk
Retu
rns
Risk-Return Grid
Blend
Value
As you move towards the right on the risk line, company-specific factors that lack clarity dominate the risk profile
Portfolio profileSundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management11
Salient features
• A diversified portfolio to optimize value by investing across cap curve and sectors.
• The fund will invest in stocks across market-cap categories with a sizeable allocation to large-caps that serve as the portfolio anchor
• Stocks are chosen with a three-to-five year perspective, as fund strives to pursue potential ideas from an early stage
• The stability in asset base enables the fund to invest in micro-caps that offer long-term growth potential
• Fund performance may differ from the benchmark as the portfolio could be substantially different and have a higher degree of sector concentration as compared to BSE 200
• The fund has a policy of regular dividend subject to distributable surplus & market conditions
Sundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management12
Broad portfolio strategy
Portfolio
High Growth Stocks
DiversifiedBottom Up Approach
Carefully timed entry & exits
Sundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management13
Preferred sectors & stock bets
12.4
6.7
7.1
8.7
18.9
19.4
Others
IT
Pharma
Consumer Goods
Energy
Financial services
Fund
Benchmark
Bharti AirtelCairn India
HDFCReliance Infrastructure
L & TGlaxoSmithKline Pharma
InfosysTCS
Reliance IndustriesTata MotorsUnderweightOverweight
Main Active Positions
Position status is relative to benchmark
Sundaram BNP Paribas Tax Saver
Sector allocation indicated in percentage in comparison to benchmark
As on March 31,2009; Source: Fact Sheet
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management14
2.6Infosys2.8Cipla3.0Hindustan Unilever3.2Cairn India3.3O N G C
3.3GlaxoSmithKline Pharma
3.3ITC
3.4Reliance Infrastructure
3.9Tata Motors4.2T C S4.4Reliance Industries4.7ICICI Bank5.0State Bank Of India
AllocationCompany
1.0Gammon India
2.4Tata Tea2.2Axis Bank2.1H P C L2.0Tata Power1.9Indraprastha Gas1.9Punjab National Bank1.8Sterlite Industries1.7I D F C1.4Canara Bank 1.4CESC1.3Oriental Bank of
Commerce 1.1India Infoline
AllocationCompany
Portfolio
0.7Bharti Airtel0.6GVK Power
73.2Equity-Debt
26.8Cash & Equivalents
620AUM (in Rs Crore)
4.7Position in Derivatives
0.9Dr Reddy's Labs0.9Ambuja Cement0.7Mahindra &
Mahindra
AllocationCompany
Sundaram BNP Paribas Tax Saver
Allocation in %; As of March 31,2009. Data Source: Fact Sheet
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management15
Fundamentals &ManagementAssessment
Fund Managers +
Economist RESEARCH TEAMExternal ResearchPublished InformationCompany Visit
Recommended List
Internal InvestmentCommittee
Final Fund Portfolio
APPROVED BUY LIST
ExecutiveCommittee
STOCK SELECTIONTop-Down
Approach
Fund Themes Sector and Stock Limits
Bottom-Up Stock Picking
Port
folio
C
onst
ruct
ion
Idea
Flo
w &
R
esea
rch
App
rova
l of
Sto
cks
Best Trade Execution
Risk Management
Norms
Idea Generation
Diversification
Liquidity
An active fundamental approachSundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management16
Profile of portfolio managerSundaram BNP Paribas Tax Saver
Satish Ramanathan:, as Head – Equity, plays a vital role in the management of all equity portfolios of Sundaram BNP Paribas Mutual Fund. He is fund manager for the following funds: Sundaram BNP Paribas Select Mid-Cap, Sundaram BNP Paribas Tax Saver, Sundaram BNP Paribas Equity Multiplier, Sundaram BNP Paribas Select Small Cap, Sundaram BNP Paribas Select Thematic Fund Entertainment Opportunities and Sundaram BNP Paribas Balanced Fund.
Satish joined Sundaram BNP Paribas Asset Management in April 2007. He has a rich background in research and fund management with stints at Sundaram BNP Paribas, ICICI Securities and Franklin Templeton, his final port of call before taking up his present role.Years of experience have enabled Satish to hone his expertise in tracking macro-economic trends, implications for industries & companies and global linkages. Satish knows the auto industry inside out and has also being in a supervisory role for research in the pharma and FMCG space. His earlier stint at the fund house (then known as Sundaram Newton) was in research tracking sectors such as auto, cement, capital goods and pesticides. He was a fund at Franklin Templeton. Satish, a Chartered Financial Analyst, has close to 15-years experience in equity markets. He is an engineering graduate from IIT Chennai and completed his MBA from Texas A&M University.Satish likes to read books with a preference for the business genre (that is apart from casting an Argus eye on Annual Reports) and listen to music. His investment philosophy is to keep an open mind to new ideas and concepts.
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management
More Insights – Performance & Portfolio
Sundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management18
Value of Rs 1000-a-month SIP
Past Performance may or may not be sustained in future;
Value computed assuming dividend reinvestment from launch date
9,82712,000One Year29,01872,803
321,476
…its value now
Three yearsFive yearsSince Inception
Particulars
36,000
112,00060,000
Amount Invested…
• Use Mutual Funds as part of tax planning
• If you had used Sundaram BNP Paribas Tax Saver for Rs 60,000 out of limit of Rs 1,00,000 under Section 80 C since 1999, the value would be about Rs 16 lakh
• You could do this by doing an SIP from April to March every year rather than invest only in March
Sundaram BNP Paribas Tax Saver
Values in Rs. as of March 31, 2009
Source: Ranking of funds from Value Research & NAV India Computation: In-house Returns in per cent.
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management19
Risk measures
297Turnover ratio on the equity part of the portfolio
362Turnover 0.93Correlation
0.22Information Ratio3.07Tracking Error
2.71Treynor0.30Sharpe Index
0.83Alpha0.91Beta
8.17Standard Deviation2.48Mean
Past performance may or may not be sustained in futureData Source: Bloomberg; Analysis: In house as of March 31,2009
Sundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management20
9.2-6.9-14.4-41.0BSE 200
9.5-7.6-14.6-40.0S&P CNX 500
7.3-17.9-25.9-54.0BSE Mid Cap
11.7-4.9-13.8-37.9BSE Sensex
11.3-3.9-11.1-36.2S&P CNX Nifty
10.4-5.1-12.5-37.6CNX 100
9.5-10.7-16.2-45.4CNX Midcap
5.0-12.2-20.6-45.6CNX Nifty Junior
9.4-7.9-15.7-42.8BSE Small Cap
12.0-21.0-29.2-58.6BSE 500
-14.2-14.4
-7.0Two Years
-8.4-9.7
-3.4Three Years
12.312.4
22.8Five Years
-36.9-39.4
-32.0One Year
Sundaram BNP Paribas Tax SaverFund / Indices
All Equity Funds
Peer Group Funds
Data Source: Value Research; Analysis: In house. Returns in % as on March 31, 2009
Ahead of the peer groupSundaram BNP Paribas Tax Saver
Past Performance may or may not be sustained in future
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management21
Compares well with the peer group
Past Performance may or may not be sustained in future
6.2-12.7-20.4-51.6Escorts Tax Plan
—-11.2-18.9-44.2Kotak Tax Saver
11.6-12.8-21.3-50.0Principal Tax Savings
—-2.8-9.7-32.0Fidelity Tax Advantage
16.1-3.4-7.2-31.2Canara Robeco Equity Tax Saver
15.0-3.92.3-31.3Taurus Tax Shield
22.8-3.4-7.0-32.0Sundaram BNP Paribas Tax Saver12.4-9.7-14.4-39.4Peer Group Average
14.8-5.8-6.7-32.5Sahara Tax Gain
26.4-6.0-15.3-40.4Magnum Tax gain
13.6-6.6-9.8-33.0Franklin India Tax shield
10.4-8.5-15.6-46.0Principal Personal Tax Saver
19.3-9.6-14.9-36.2HDFC Tax saver
13.1-10.0-16.5-39.2Birla Sun Life Tax Plan
—-10.0-14.5-30.7Reliance Tax Saver
8.9-10.6-13.1-37.7UTI Equity Tax Savings
7.2-11.0-16.4-43.5Baroda Pioneer ELSS 96
—-11.0-12.2-41.4DWS Tax Saving
10.0-11.2-15.1-39.4Tata Tax Saving
2.1-12.7-17.1-37.5LICMF Tax Plan
Five YearsThree YearsTwo YearsOne YearFund
Sundaram BNP Paribas Tax Saver
Data Source: Value Research; Analysis: In house. Returns in % as on March 31, 2009
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management
Sundaram BNP Paribas Tax Saver
Bullish Phase 2007: significant outperformance
Corrective Phase 2008: contained damage
Effect: superior wealth creation
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management23
2007: outpacing peers, all equity funds & markets comfortably
68.4
57.3 56.3 59.1
47.2
62.5
0
10
20
30
40
50
60
70
80
Tax Saver Peer GroupAverage
All EquityFunds
Average
BSE 200 Sensex CNX 500
Leading BSE 200 by 9.3 percentage
points
Leading average of all equity funds by 12.1 percentage points
Sundaram BNP Paribas Tax Saver
Source: Performance data Value Research December 31, 2007Past Performance may or may not be sustained in future
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management24
2008: Contained damage by defensive stance in portfolio
-47.6
-55.6
-52.2
-56.5
-52.4
-57.1-60
-57
-54
-51
-48
-45
-42
TaxsaverPeer Group
Average
All EquityFunds
Average BSE200 Sensex CNX 500
Comfortably outpacing BSE 200 by 8.9
percentage points
Comfortably outpacing all equity funds by 4.6
percentage points
Sundaram BNP Paribas Tax Saver
Source: Performance data Value Research December 31, 2008Past Performance may or may not be sustained in future
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management25
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
Dec-
99
Jun-
00
Dec-
00
Jun-
01
Dec-
01
Jun-
02
Dec-
02
Jun-
03
Dec-
03
Jun-
04
Dec-
04
Jun-
05
Dec-
05
Jun-
06
Dec-
06
Jun-
07
Dec-
07
Jun-
08
Dec-
08
Monthly Returns
Maximum return: 19.0% (Oct 2007)
Maximum loss: 17.5% (Jan 2008)
Average monthly returns: 2.48%
Number of positive-return months: 68
Number of negative-return months: 44
Data source & Computation: In-house-25%
-15%
-5%
5%
15%
25%
35%
Dec-
99
Jun-
00
Dec-
00
Jun-
01
Dec-
01
Jun-
02
Dec-
02
Jun-
03
Dec-
03
Jun-
04
Dec-
04
Jun-
05
Dec-
05
Jun-
06
Dec-
06
Jun-
07
Dec-
07
Jun-
08
Dec-
08
Quarterly Returns
Maximum return: 37.7% (Oct-Dec 2003)
Maximum loss: 29.0% (Jan-Mar 2008)
Average quarterly returns: 5.41%
Number of positive-return quarters: 21
Number of negative-return quarters: 17
Consistent performance across market phases Sundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management26
22.2Cairn IndiaReliance InfrastructureGlaxoSmithKline PharmaTCSTata MotorsMar-2009
23.5ITCHindustan Unilever S B IPunjab National BankICICI BankDec-2008
20.2Tata TeaNestle IndiaReliance IndustriesITCHindustan leverSept-2008
AllocationTop 5 StocksPeriod
23.0Tata PowerSatyam ComputersInfosysReliance IndustriesITCJun-2008
17.5Reliance CapitalJindal SteelS B I B P C LI D F CDec-2007
21.8L & TI D F CSiemensS B IReliance IndustriesJune-2007
15.7Grasim IndustriesInfosysJ P AssociatesReliance CommunicationsReliance IndustriesDec-2006
20.5L & TIndian hotels InfosysGrasim IndustriesReliance IndustriesJune-2006
15.0Clutch AutoMM Forgings GTN TextilesTaj GVK HotelsL M WDec-2005
17.9Panacea Biotec SAW PipesGTN Textiles Taj GVK HotelsMM ForgingsJune-2005
21.8Mawana SugarsTata HoneywellS A I LSesa GoaReliance IndustriesDec-2004
22.6Gujrat AmbujaHero HondaMotor IndustriesKPIT SystemsShanti GearsJune-2004
23.4East India HotelsUTI BanksIPIT SystemsPolyplex CorporationMICODec-2003
21.8B P C LTata TeaH P C LGujrat AmbujaSBIJune-2003
ITCDec-2002 23.9S B IT E L C OInfosysH P C L
Data Source: Fact Sheet; Allocation weight in %
Preferred stock ideasSundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management27
EnergyServicesFinancial ServicesEngineeringConsumer GoodsSep-2005
ConstructionsEngineeringBanksConsumer GoodsMetalsMar-2005
AutomobileITConsumer GoodsChemicalsMetalsSep-2004
EngineeringPharmaITChemicalsBanksMar-2004
MetalsITChemicalsBanksOil & GasSep-2003
MetalsPharmaChemicalsOil & GasBanksMar-2003
Preferred SectorsPeriod
ITTextilesAutomobileConsumer GoodsEngineeringJune-2005
AutomobileHotelsChemicalsConsumer GoodsMetalsDec-2004
ConstructionsBanksChemicalsAutomobileIT June-2004
HotelsAutomobilesEngineeringITMetalsDec-2003
PharmaBanksOil & GasElectricalsChemicalsJune-2003
ChemicalsDec-2002 PharmaBanksOil & GasIT
Data Source: Fact Sheet
Sector profile of portfolioSundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management28
ITPharmaConsumer GoodsEnergyFinancial ServicesMar-2009
ITPharmaConsumer GoodsEnergyFinancial ServicesDec-2008
Sept-2008
June-2008
Mar-2008
Dec-2007
Sep-2007
June-2007
Mar-2007
Dec-2006
Sep-2006
June-2006
Mar-2006
Dec-2005
Period
MetalsPharmaFinancial ServicesEnergyConsumer Goods
Financial ServicesPharmaConsumer GoodsITEnergy
CementEngineeringEnergyMetalsFinancial Services
Financial servicesEngineeringEnergyITChemicals
Financial ServicesServicesITConsumer GoodsEngineering
AutomobileITServicesConsumer GoodsEngineering
Preferred Sectors
PharmaEngineeringConsumer GoodsFinancial ServicesEnergy
Consumer GoodsEngineeringMetalsEnergyFinancial Services
MetalsITEnergyEngineeringFinancial Services
Financial ServicesConsumer GoodsServicesEngineeringIT
ITAutomobileServicesConsumer GoodsEngineering
TextilesAutomobileServicesEngineeringConsumer Goods
Data Source: Fact Sheet
Sector profile of portfolioSundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management29
Orientation across cap curve & sectors
0
10000
20000
30000
40000
50000
60000
Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09
Mar
ket C
ap
0
500
1000
1500
2000
2500
3000
BSE
200
Weighted Average Market Cap BSE 200 Average
Data Source: Bloomberg & In house; Analysis: In house
Weighted average market cap has consistently been higher than Rs 29,000 crore
Sundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management30Data Source: Bloomberg & In house; Analysis: In house
Median market cap
0
2500
5000
7500
10000
12500
15000
17500
Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09
Mar
ket C
ap
0
500
1000
1500
2000
2500
3000
BSE
200
Median Market Cap BSE 200 Average
Orientation across cap curve & sectorsSundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management31Data Source: Bloomberg & In house; Analysis: In house
0
10
20
30
40
50
60
70
80
90
Mar-07 Sep-07 Mar-08 Sep-08 Mar-09
Sect
or O
verla
p %
Sector Overlap Average
Source of alpha from sector overlapSundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management32Data Source: Bloomberg & In house; Analysis: In house
0
5
10
15
20
25
30
35
40
45
50
Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09
Stoc
k O
verla
p %
Stock Overlap Average
Low stock overlap, source of alpha, tooSundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management33
Regular/ Growth, Dividend Payout & Re-investmentPlans / Options
3 YearsLock In Period
Entry Load (Regular Plan)
< Rs 2 crore: 2.25% = > Rs 2 crore: NilEntry Load2.25% per transactionSIP Entry Load
Exit Load (Regular Plan)NILInvestment Amount redeemed after 36 months
The investment objective of the Scheme is to primarily achieve capital appreciation. Income generation would be the secondary consideration.
ObjectiveEquity & Equity – linked Instruments :: 80-100% ; Corporate and PSU Bonds :: Up to 20% ; Money market instruments :: Up to 20%
First Investment: Rs 500 Subsequent Purchase: Rs 500Regular Plan
Minimum Subscription Amount
Growth: Rs 22.6468 Dividend: Rs 8.3065NAV ( as on March 31, 2009)
Rs 250 per month Rs 750 per quarter SIPAsset allocation
November 1999Allotment Date
Fund Facts
Source: Fact Sheet
Sundaram BNP Paribas Tax Saver
www.sundarambnpparibas.in Sundaram BNP Paribas Asset Management34
Disclaimers & disclosuresMutual Fund Investments are subject to market risks. Please read the offer document carefully before investing.
Copy of the offer document, key information memorandum and application form may also be obtained from the offices / investor service centres of Sundaram BNP Paribas Asset Management, its distributors and online at www.sundarambnpparibas.in
Fund Facts: Fund Type: Open-end Equity Linked Savings Scheme. Investment Objective: The investment objective is to primarily achieve capital appreciation by investing predominantly in equities and equity-related instruments. Income generation would be the secondary consideration. Plan: Regular; Options: Dividend Payout, Dividend Reinvestment & Growth; The minimum amount is Rs 500 for Regular Plan and for subsequent investments, Rs 500 & multiples of Rs 1.Load structure: Entry load for applications of less than Rs 2 crore is 2.25% and for more than Rs 2 crore: Nil. Exit Load (exits after 36 months): Nil. There will be no entry load for direct applications received by the asset management company (refer www.sundarambnpparibas.in for details).Assetallocation: Equity & Equity –linked Instruments:: 80-100% ; Corporate and PSU Bonds :: Up to 20% ; Money market instruments :: Up to 20%
Ranking Disclaimer: The ranking for Sundaram BNP Paribas Tax Saver indicated in this document is based the equity tax planning schemes category of Value Research. This category comprises 33 schemes. Performance data and ranking for the indicated periods for schemes in this category has been provided by Value Research. In the full category of equity tax planning schemes of Value Research, the ranking of Sundaram BNP Paribas Tax Saver is 6/33 for one year, 4/31 for two years, 2/28 for three years and 2/21 for five years (each period ending March 31, 2009). The performance for ranking purposes has been reckoned as on March 31, 2009 and is based on compounded annual returns (computed using NAV of the Growth Option and/or NAV adjusted dividend reinvestment) for more than one year. The comparison does not take account into scheme-specific features such as launch period entry/exit loads, expenses and fees, to name a few. Attributes such as style and portfolio composition may also differ. Past performance is no guarantee of future result.
Quartile Disclaimer: The ranks derived on the basis of the methodology described in the Ranking Disclaimer has been used as the basis for categorising funds into first quartile (top 25% of funds by rank), second quartile (the second 25% by rank), third quartile (the third 25% by rank) and fourth quartile (the fourth 25% by rank). For example, if there are 100 funds, funds ranked between 1-25 will be quartile I, 26-50 Quartile 2, 51-75 Quartile 3 and 76-100 Quartile 4. The research on historical performance on which the quartiles and ranking are based has been sourced from Value Research, NAV India (an independent third party vendor of fund intelligence in India) and Bloomberg. The performance for ranking purposes has been reckoned March 31, 2009. The ranking of every fund in the primary category as of the two dates is available in an excel sheet at www.sundarambnpparibas.in. The analysis of the information has been carried in good faith in-house by Sundaram BNP Paribas Asset Management. The comparison does not take account into scheme-specific features such as specific asset allocation pattern, specific cap-curve or thematic orientation, entry/exit loads, expenses and fees and respective benchmarks for each fund considered for analysis. Attributes such as style and portfolio composition may also differ though the funds invest predominantly in equity and this latter aspect provides a common thread for creating a sub-category of comparable funds. Past performance does not guarantee future result. Peer set excel comparison for each sub-category is also available at www.sundarambnpparibas.in
Value Research Fund Rating: Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity funds this rating is based on the weighted-average monthly returns for the past three- and five-year periods. These ratings do not take into consideration any entry or exit load. Five-stars indicate that a fund is in the top 10 per cent of its category in terms of historical risk-adjusted returns. The number of schemes in Equity Tax Planning is 23.These fund ratings are as on March 31, 2009 Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by respective funds. Value Research does not guarantee the accuracy.
CRISIL~CPR 1: The composite performance of Sundaram BNP Paribas Tax Saver is “very good" in the Equity Linked Savings Schemes Category, and ranks within the top 10% of the 20 schemes ranked in this category. The criteria used in computing the CRISIL Composite Performance Rank are Superior Return Score, based on NAVs over the 2-year period ended December 31, 2008 , Concentration and Liquidity of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL CPR is no indication of the performance that canbe expected from the scheme in future. Ranking Source: CRISIL Fund Services.
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Disclaimers & disclosuresICRA Mutual Fund Award: ICRA ONLINE Mutual Fund Rankings seek to inform investors and mutual fund intermediaries of the category-wise relative performance of mutual fund schemes. The rankings, covering the two time horizons of one and three years as of December 2008, have been arrived at following an in-depth analysis of critical parameters, including: risk adjusted performance; portfolio concentration characteristics; liquidity; corpus size; average maturity; and portfolio turnover. The number of schemes considered in ELSS category for different periods are 17 for one year and 12 for three years. The ranks assigned by ICRA/ICRA Online are based on an objective analysis of information obtained from the entities concerned as also other sources considered reliable by ICRA/ICRA Online. However, the ranks must be construed solely as statements of opinion and ICRA/ICRA Online shall not be liable for any losses incurred by any user from any use of the ranks. Also, the ranks are neither a certificate of any statutory compliance nor any guarantee on the future performance of the ranked entities/schemes. Sundaram BNP Paribas Tax Saver: A Seven Star Fund for 3-year performance in the ELSS category. ICRA 5-Star Fund: The fund falls in the top 10% of the category on performance. ICRA 7-Star Fund: The best performing fund among the 5-Stars is ranked as a 7-Star Fund. Morningstar Fund Awards (India): Sundaram BNP Paribas Tax Saver: Sundaram BNP Paribas Tax Saver has been awarded the Morningstar Fund Awards (India) in the “India Open Ended ELSS (Tax Savings)” category for its three-year performance ending December 31, 2008. The methodology eliminates schemes based on fund size, below-median calendar year returns, and gives score on the basis of returns in one-year and three-year periods and risk for a three-year period. The methodology also includes various qualitative measures like the investment management team, processes among others. There were 11 schemes considered in “India Open Ended ELSS (Tax Savings)” category for the award exercise. Only Growth schemes were considered. Loads were not considered while calculating returns. The award should not be construed as an offer, nor the solicitation of an offer, to buy or sell securities, by Morningstar. It is neither a certificate of statutory compliance nor any guarantee on the future performance. Ranking Source: Morningstar India. Award selection: The fund with the lowest score that meets Morningstar’s qualitative checks in the eligible Morningstar category or grouping receives the award for that category or grouping.
General Risk Factors: All mutual funds and securities investment are subject to market risks. There is no assurance or guarantee that objectives of the scheme will be achieved. Past performance of Sponsor/Asset Management Company/Fund does not indicate future performance. Investors in the scheme are not being offered any guaranteed or indicated returns. Sundaram BNP Paribas Tax Saver is only the name of the Scheme and does not in any manner indicate either the quality of the scheme or its future prospects and returns. NAV may rise or decline depending on market conditions. Main types of risks are market risk, liquidity risk, credit risk and systemic risks. If and to the extent, the portfolio includes overseas stocks, investors will be exposed to country risk, currency risk, geo-political risk, legal restrictions and regulation changes in geography other than India. There is risk of capital loss. Changes in government policy and tax benefits applicable to mutual funds may impact returns to investors. There is risk of capital loss.Scheme-specific risk factors: Aspects that affect financial markets could have a bearing on the performance of the fund.
General Disclaimer: This document is issued by Sundaram BNP Paribas Asset Management Company Ltd. an investment manager registered with the Securities and Exchange Board of India. This document is produced for information purposes only. It does not constitute a prospectus or offer document or an offer or solicitation to buy any securities or other investment. Information and opinion contained in this document are published for the assistance of the recipient only; they are not to be relied upon as authoritative or taken as a substitution for exercise of judgement by any recipient. The content is subject to change without notice and is not intended to provide the sole basis of any evaluation of the instrument discussed or offer to buy. This document is not a solicitation to sell and/or investment advice. This document shall not form the basis of or be relied upon in connection with any contract or commitment whatsoever... The information and opinion contained in this communication have been obtained from sources that Sundaram BNP Paribas Asset Management Company Ltd believes to be reliable; no representation or warranty, express or implied, is made that such information is accurate or complete and it should not be relied upon as such. Sundaram BNP Paribas Asset Management Company Ltd neither guarantees its accuracy and/or completeness nor does it guarantee to update the information from time to time. This communication is for private circulation only and for the exclusive and confidential use of the intended recipient(s) only. Any distribution, use or reproduction of this communication in its entirety or any part thereof is unauthorized and strictly prohibited. By accepting this document, you agree to be bound by the above-mentioned limitations. This communication is for general information only without regard to specific objectives, financial situations and needs of any particular person who may receive Sundaram BNP Paribas Asset Management Company Ltd is not soliciting any action based on this document. Sundaram BNP Paribas Asset Management Company Ltd., in the discharge of its functions, may use any of the data presented in this document for its decision-making purpose and is not bound to disclose the same. Data and computation used to prepare this document have not been independently verified or audited. Please read the offer document (available online at www.sundarambnpparibas.in) carefully before investing and also take professional advice before making an investment decision Refer separate pages in this presentation for key scheme-specific features and risk factors.Statutory details: Sundaram BNP Paribas Mutual Fund has been set up as a trust under the Indian Trusts Act, 1882 Sponsors (Liability limited to Rs 1 lakh): Sundaram Finance Limited & BNP Paribas Asset Management. Investment Manager: Sundaram BNP Paribas Asset Management Company Limited. Trustee: Sundaram BNP Paribas Trustee Company Limited.
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