funds watch jan mar 15
DESCRIPTION
MF performance in IndiaTRANSCRIPT
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Mutual Funds Investments are subject to market risks. Please read the Offer Document carefully before investing in any scheme.
FUNDZFor Private Circulation Only
JANUARY - MARCH 2015
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Economy News ......................................... 1
International News .................................... 2
Equity Market ............................................ 3
Debt Market .............................................. 4
Forex ......................................................... 4
MF News .................................................. 6
Fundz This Quarter .................................. 7
MF Industry AUM ..................................... 7
Load Structure ..................................... 9
Funds Snapshot ..................................... 14
SIP Scorecard ...................................... 31
SIP Information ...................................... 38
Terminology & Definitions ......................... 38
Performance Scorecard .......................... 39
Risk Ratios .............................................. 59
ULIP Performance .................................... 62
Happy New Year
In July 2013, India was hanging on the edge of macroeconomic crisis with double digit inflation, an alarming current account deficit (CAD) situation, falling rupee, investor sentiments at rock-bottom and GDP growth figures at a depressing sub 5% levels. A new term called as Fragile (Famous) Five of the emerging markets (EMs) was coined and India was clubbed with Brazil, Indonesia, Turkey, and South Africa in this group on concerns of fiscal deficit, growth & inflation.
Cut to today and we see a landscape vastly different from the one eighteen months before. There is visibly much more economic stability, reforms process is on track, global environment is now in India's favour and above all, there is political stability with a full majority government in nearly three decades. The decisive approach of the government and the signs of a turning economy has been embraced by the markets which have appreciated by near 30% since February 2014, among the highest in EMs. India now represents one of the rising stars globally where the general narrative has been of IMF growth downgrade for major economies. From the Fragile Five to rising star of global economy, this is the big story, the narrative of last year.
Although some may feel, it is still too early to declare a robust recovery, we do believe that the economy is back on the growth track. The macroeconomic improvement and the consequent turnaround in investor sentiment were spurred by the Government's policy actions. On the global front too, India's image has been enjoying a fair share of positive attention. Looking at the bigger picture, the stage appears to be set to catapult the nation to the next level of growth. The question now is, are things really as positive as it seems? The positive gut feeling gets further manifested with the help of some key data points...
GDP growth which was around 4.5% last two years has grown at 5.5% in the first half of the FY214-15. This improvement in growth indicates that the growth deceleration has bottomed out. The World Bank predicted India to be the fastest growing nation in the world in 2017 with a 7% growth.
Inflation figures, as measured by CPI @ 4.4% and WPI @ 0% were their lowest ever levels since 2011 and 2009 respectively. This has been achieved largely due to constant monitoring and some effective measures by the government. The projected figures too are at comfortable levels.
Current Account Deficit (CAD) was 1.9% of GDP in the first half of 2014-15 as against 3.1% in the first half of 2013-14. Helped with the fall in crude prices, Indias external sector now looks more resilient and robust than before.
Total Investment Flows are placed at USD 43.4 billion in April-October, 2014 as against USD 9.4 billion in same period last year. The government's efforts to invite investments backed with good relations with other major economies could see these figures to rise higher.
Clearly it seems that the good days are here, at least today. Going forward, the momentum has to be kept on and more and bolder reforms, both by the center and state governments. Measures like the land and labour reforms, GST, Direct Benefit Plan being extended to cover all subsidies, etc. would help further strengthen the economic structure promoting growth. The upcoming budget session would be an opportunity for the NDA government to display its' resolve to walk the talk and undertake reforms to help India catapult to the above 8% growth orbit which we have already done in past.
At NJ, we continue to track this story of India's transformation and are keeping a close eye on agendas that matter. With Fundz Watch, we remain committed to bring quality & relevant content. Do write to us at [email protected] if you have any valuable feedback and suggestion to help us do so.
Regards,
Fundz Watch Team.
Index
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Industrial output at 5-month high; retail inflation inches up in December
In what could be the early signs of an industrial turnaround, factory output for November 2014 came in at a five-month high of 3.8 per cent on the
back of improved manufacturing performance. This is a clear positive for the economy given that the Index of Industrial Production (IIP) had
contracted 4.2 per cent in October 2014. Manufacturing - which has 75 per cent weightage in IIP, grew 3 per cent in November, compared with a
contraction of 2.6 per cent in October. Meanwhile, retail inflation for December 2014 came in at 5 per cent, higher than the 4.3 per cent in November,
official data showed. Inflation surged as prices of some food items, including fruits and vegetables, increased. Food inflation rose to 4.78 per cent in
December, from 3.14 per cent in previous month. Acceleration in consumer price inflation and improved factory output performance could ease the
pressure on the RBI Governor Raghuram Rajan to cut interest rates before the upcoming Budget in end February, say economy watchers.
World Bank projects 6.4% economic growth in India in 2015
Indian economy is likely to grow at 6.4% in 2015 and accelerate further in the next year on the back of steps being taken by the Narendra Modi-led
NDA government, World Bank President Jim Yong Kim has said. Speaking at the Vibrant Gujarat summit, he said the World Bank was committed to
catalysing a vibrant India and there is much reason for optimism. After slowing to sub-five percent growth in the previous two financial years, the
economy has started showing signs of pick-up as it expanded by 5.7% and 5.3% in the second and third quarter of 2015.
M&A deals jump 25% in 2014 to near record-high at $37 billion
Overall deal activities hit near record-high in 2014 with the value of announced mergers & acquisitions involving domestic companies reaching $37
billion, a full 25.5% jump over 2013. This is a little short of the record level of $37.6 billion worth deals closed in 2011. The average M&A deal size for
transactions climbed up to $79.1 million in 2014 compared to $67.6 million in 2013 as more deals were announced valued above $500 million,
according to Thomson Reuters/ Freeman Consulting data. However, total cross-board M&As dropped a massive 39.2% to $13.9 billion compared to
2013 as both inbound and outbound activities declined. Inbound M&As fell 27.2%, while outbound deals plunged 65%.
Economy on right track; FY17 GDP could rise to 7%: Macquarie
The Indian economy is moving on the right track with efforts to fast track reforms, raising prospects of pick up in growth from 5.4% in FY15 to 7% by
fiscal year 2017, says a Macquarie report. According to the global financial services firm, FY16 would be a notable year for India with gradual
improvement in economic growth and declining inflationary pressures amid falling global commodity prices and policy initiatives. The pick up in real
economic activity is likely to be supported by a step-up in investments, faster implementation of reforms and addressing the supply side issues.
Macquarie noted that the government's reform momentum is improving.
FDI hike would benefit Indian private non-life insurers: Moody's
The increase in foreign direct investment (FDI) limit by 23% to 49% is expected to alleviate the capital pressure on Indian private non-life insurers,
global credit rating agency Moody's Investor Service (MIS) has said. Increased foreign investment would alleviate the current capital pressure on
non-life insurers and add to their buffers against potential investment losses from the volatile capital markets, MIS said in a statement. Their widened
access to foreign capital would also allow them to lower their dependence on domestic funds. According to MIS, Indian private non-life insurers stand
to benefit by the government's decision to increase the FDI limit as they are relatively pressured for capital and poor underwriting performance.
Real estate investment trusts may get taxation relief
The real estate investment trusts (Reits), notified last year, have so far found few takers due to taxation-related issues. To address this, the Central
Board of Direct Taxes (CBDT) wants this market instrument to be made exempt from minimum alternate tax (MAT). The idea behind granting a
pass-through status to Reits was not to levy MAT on those. It is a technical issue that we are working to resolve, according to a source. Reits are a
security instrument that sells on bourses like a stock and invests in real estate - properties or mortgages. Under the current rules, the tax department
has deferred capital gains tax on transfer of shares. But MAT, which a transferor has to pay at 18.5 per cent to 20 per cent, is proving a deal-breaker,
given the substantial immediate cash outflow involved. Foreign investors swapping shares for Reit units, though, do not have to pay MAT.
Gold jewellery demand likely to rise 10% in 2015: ICRA
Jewellery demand in the domestic market is expected to rise by 10% to $32 billion in 2015 on the back of improving consumer sentiments, says a
report by ICRA. We expect domestic demand for gold jewellery to rise 10% in calender year 2015 to $32 billion on the back of subdued pick up during
2014, the rating agency said in 'Indian Gold Jewellery Retail Industry' survey. The demand has been stable since Q4 of CY13 and lower prices, easing
regulations and improving consumer sentiment are likely to provide impetus in the coming months, it said. The last quarter of CY2014 is likely to make
up for the initial demand slump and the aggregate demand for the year is estimated at $29 billion, the report added.
Planning Commission renamed as 'Neeti Ayog'
The Planning Commission, established in 1950, will now be called 'Neeti Ayog' in its new avatar, months after Prime Minister Narendra Modi
announced that it will replaced by a new body. The decision comes nearly three weeks after Modi held consultations with chief ministers at a meeting
where most favoured restructuring of the socialist-era body but some Congress Chief Ministers opposed disbanding of the existing set-up. Modi had
announced in his Independence Day speech that the Planning Commission would be replaced by a new body which is in sync with the contemporary
economic world. There were indications that the new structure will have the Prime Minister, some Cabinet ministers and chief ministers along with
technocrats and experts in various fields.
Economy
1
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International News
ClosePercentage Change
Indices
All Ordinaries (Australia)
Dow Jones Ind Avg (USA)
FTSE 100 (UK)
Hang Seng (Hong Kong)
Nasdaq (USA)
Nikkei 225 (Japan)
S&P BSE Sensex
Bovespa (Brazil)
Jakarta Composite (Indonesia)
KLSE Composite (Malaysia)
PSE Composite (Phillippines)
RTS Index (Russia)
Seoul Composite (S. Korea)
SET (Thailand)
Shanghai Composite (China)
Straits Times (Singapore)
Taiwan Weighted (Taiwan)
5388.60
17823.07
6566.09
23605.04
4736.06
17450.77
27499.42
50007.41
5226.95
1761.25
7230.57
787.36
1915.59
1497.67
3234.68
3365.15
9307.26
3 years1 year3 months
All figures are as of 31st December, 2014.
1.73
4.58
-0.86
2.93
5.40
7.90
3.26
-7.59
1.74
-4.61
-0.72
-30.01
-5.17
-5.55
36.84
2.70
3.80
0.66
7.99
-2.45
1.28
14.01
7.12
29.89
-2.91
22.29
-5.66
22.76
-45.40
-4.76
15.32
54.21
6.24
8.08
9.42
13.39
5.61
8.57
22.00
27.26
21.13
-4.12
10.98
4.78
18.22
-17.04
1.61
13.44
13.69
8.32
9.57
1.99
11.31
3.94
1.54
15.84
10.58
9.50
-6.12
15.56
6.71
18.79
-11.42
2.62
15.30
-0.26
3.04
2.59
-2.50
4.56
0.33
-2.19
8.89
1.89
4.31
-3.21
9.71
2.96
10.40
-14.15
0.47
8.56
-6.74
-0.40
1.61
2.89
5.15
3.15
5.19
8.09
4.27
15.33
6.67
17.97
6.85
14.76
2.51
7.89
NA
9.82
5.00
4.25
5 years 7 years 10 years
Dev
elo
ped
Em
erg
ing
December 2014 - Global Indices
2
2014 the best year of job growth in US since 1999
The US unemployment rate has dropped to 5.6 per cent with the addition of over 2.5 lakh new jobs last month, making 2014 the best year of job
growth since 1999. The unemployment rate declined by 0.2 percentage point to 5.6 per cent in December, and the number of unemployed persons
declined by 383,000 to 8.7 million, the Department of Labor Statistics said in its latest monthly report released. Over the year, the unemployment
rate and the number of unemployed persons were down by 1.1 percentage points and 1.7 million, respectively, it said.
China Factory-Gate Deflation Deepens on Commodity Price Fall
Chinas factory-gate prices extended a record stretch of declines, with the sharpest drop in two years in December, suggesting room for further
monetary easing. The producer-price index slumped 3.3 percent from a year earlier, compared with the median projection for a 3.1 percent decline
in a survey of analysts by Bloomberg News. Tumbling oil and metal prices have extended the run of producer-price declines to a record 34 months,
adding to deflationary pressures worldwide as Chinas export prices drop. Economists anticipate the central bank will follow up a November
interest-rate cut with further reductions, and with lower reserve requirements for lenders.
U.K. Manufacturing Production Rises; Trade Gap Narrows on Oil
U.K. manufacturing output rose the most in seven months in November, as total industrial production suffered an unexpected decline due to
maintenance at some North Sea oil fields. Factory production increased 0.7 percent from October, exceeding the 0.3 percent median forecast of
economists in a Bloomberg News survey, according to data published. Industrial output fell 0.1 percent, with oil and gas extraction dropping 5.5
percent, the most since January. The Bank of England left its key interest rate at a record-low 0.5 percent as a weakening euro area holds back U.K.
economic growth and impedes rebalancing.
Japan's ruling coalition approves corporate tax cuts to spur growth
Japan's ruling coalition has approved a tax reform plan that will cut corporate taxes from April and pledges further reductions in coming years in a
bid by Prime Minister Shinzo Abe to boost profitability and bolster economic growth. The plan approved by Abe's Liberal Democratic Party and its
coalition partner Komeito would cut the overall effective corporate tax rate by 2.51 percentage points to 32.1 percent from April and then to 31.3
percent the following year. Japan's top effective corporate tax rate is 34.6 percent, among the highest in the major economies. The average
corporate tax rate stands around 25 percent among OECD economies.
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Equity Market
HIGHLIGHTS
Global equity markets went through a testing time during the calendar year 2014, exhibiting economic recovery in patches. Almost all the emerging equity markets barring India and China lacked strong signals of recovery. Among developed markets, Europe and Japan continued to battle with deflation, their central banks continued with monetary support to revive economy. However, US economy showed signs of recovery but Fed in its last policy meet emphasized on being 'patient' regarding raising the interest rates.
Indian equity markets had a landmark year and ended 2014 with highest gains over last five years. Favourable developments on the macroeconomic front such as substantial fall in both CPI and WPI inflation levels and significant fall in current account deficit, coupled with a steep fall in global crude oil prices and large foreign inflows supported the overall market momentum. The key equity indices CNX Nifty and BSE Sensex ended with the yearly gains of 31.39% and 29.89% respectively.
Among sectoral indices, almost all the sectors closed the year in green. However, oil and gas, realty and metals turned out to be the worst performing sectors. Mid and small cap equity indices significantly outperformed their large cap peers. FIIs flows into Indian equities continued to be robust and aggregated to a net $16.16 bn.
Institutional Activity (Net Investment) R Cr.
December-2014 01-Jan-14 To 31-Dec-14
Debt
FIIs
Mutual Funds
11,188.47
53,931.60
Equity
1,036.29
7,036.90
Total
12,224.76
60,968.50
Debt
159,156.80
605,257.50
Equity
97,055.90
23,936.00
Total
256,212.70
629,193.50
* Source: SEBI
ClosePercentage change
Indices
S&P BSE Auto
S&P BSE Bankex
S&P BSE FMCG
S&P BSE Healthcare
S&P BSE Metal
S&P BSE Oil & Gas
S&P BSE Realty
S&P BSE TECk
CNX Consumption
CNX Infra
CNX Media
CNX Dividend Oppt
18630.84
21458.11
7766.57
14692.95
10752.69
9895.21
1555.07
5841.82
3339.35
3039.85
2387.10
2159.05
4.98
21.81
1.78
2.37
-5.76
-7.77
-1.66
-1.30
2.96
0.63
17.74
5.80
51.98
65.04
18.27
47.43
7.91
12.01
8.49
15.65
29.70
22.71
33.02
33.57
31.70
32.77
24.34
35.70
4.97
9.52
4.16
19.97
24.95
12.65
28.85
17.37
20.15
16.42
22.70
23.95
-9.17
-1.12
-16.60
12.25
16.12
-3.34
8.30
12.69
20.70
19.14
22.04
16.98
5.64
12.13
NA
12.89
NA
8.18
NA
NA
18.25
8.83
18.29
18.54
-8.59
-4.23
-26.50
5.71
8.67
-9.42
-2.58
7.53
Equity Market Indicators
ClosePercentage change
Indices
S&P BSE Sensex
CNX Nifty
S&P BSE 100
S&P BSE 200
CNX 500
CNX Mid Cap
S&P BSE Small Cap
S&P BSE Midcap
CNX Nifty Junior
27499.42
8282.70
8369.27
3428.09
6773.65
12583.85
11087.07
10372.58
18677.70
3.26
3.99
4.41
5.42
5.58
10.21
3.80
8.84
9.84
29.89
31.39
32.28
35.47
37.82
55.91
69.24
54.69
44.42
21.13
21.40
22.05
22.76
23.43
27.16
25.89
26.36
30.81
9.50
9.75
9.34
9.47
9.36
11.10
5.81
9.07
12.45
4.31
4.27
3.51
3.45
3.19
3.95
-3.19
0.44
5.42
1 year3 months 3 years 5 years 7 years 10 years
1 year3 months 3 years 5 years 7 years 10 years
15.33
14.81
14.95
14.47
14.13
15.47
12.43
NA
15.41
December 2014 - Key Indices
December 2014 - Sectoral Indices
3
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Debt Market
Forex
Debt Market Indicators
As onBenchmarks
As on As on Change Change31-Dec-14 30-Nov-14 30-Sep-14 (Month) (Quarter)
364 Day Tbill (Primary)
5-year Benchmark
10-year Benchmark
30-year Benchmark
91 day Bank CD
Annualised 1-yr AAA spreads
Annualised 5-yr AAA spreads
5-yr OIS
Bank Rate
RBI LAF-Repo rate
RBI LAF-Reverse Repo rate
Foreign Exchange Reserve($ bn)
Brent Crude Oil ($/bbl)
Gold ($/oz)
US Fed Funds Rate
US 10-yr Gilt
CRR
8.18%
8.01%
7.87%
8.00%
8.35%
0.25%
0.40%
7.20%
9.00%
8.00%
7.00%
319.71
55.66
1206.00
0.25%
2.17%
4.00%
8.32%
8.22%
8.09%
8.20%
8.33%
0.15%
0.27%
7.15%
9.00%
8.00%
7.00%
316.31
71.26
1182.75
0.25%
2.16%
4.00%
8.61%
8.68%
8.51%
8.70%
8.68%
0.24%
0.44%
7.89%
9.00%
8.00%
7.00%
311.43
97.29
1216.50
0.25%
2.49%
4.00%
-0.14%
-0.21%
-0.22%
-0.20%
0.02%
0.10%
0.13%
0.05%
0.00%
0.00%
0.00%
3.40
-15.60
23.25
0.00%
0.01%
0.00%
-0.43%
-0.67%
-0.64%
-0.70%
-0.33%
0.01%
-0.04%
-0.69%
0.00%
0.00%
0.00%
8.28
-41.63
-10.50
0.00%
-0.32%
0.00%
HIGHLIGHTSGlobally, bond yields fell significantly during calendar year 2014, supported by concerns on economic growth, accommodative stance of major central banks, and a sharp fall in crude oil prices in the latter part of the year. In India too bond yields headed south, especially in the second half of the calendar year, supported by moderation in inflation, reduction in twin deficits, improving liquidity conditions, and a sharp fall in international crude oil prices.Bond yields fell considerably across the curve during the calendar year, although yields fell more at the longer end. At the shorter end of the curve, the 1-year gilt yield closed the year down 62bps. At the longer end, the 10 year gilt yield closed down 107bps, while the 30-year gilt yield closed down 131bps.Liquidity conditions improved especially in the second half of the calendar year due to structural factors and fine-tuning the liquidity management framework. The overnight call money rate finally closed the year at 9.00%, compared to last year's close of 8.85%. During the year 2014, there was an average net injection of Rs. 220.55bn by the RBI as part of its liquidity operations, compared to an average net injection of Rs. 807.63bn in the previous calendar year.
HIGHLIGHTS
The rupee managed to gain strength in the first half of the calendar year, but depreciated in the second half of the year, primarily due to global strength in the US dollar. It finally closed the year down about 2% against the US dollar, but has managed to fare relatively better than most other emerging market currencies in 2014.
Although the rupee weakened a bit against the US dollar during the year, it managed to post healthy gains against other major currencies like the euro and yen in 2014.
FOREX
31-Dec-14
1 US$
1 Euro
100 Yen
1 Pound
63.04
77.00
52.93
98.58
30-Nov-14
62.03
77.16
52.45
97.36
30-Sep-14
61.75
78.20
56.36
100.27
% Change (Month)
-1.60%
0.21%
-0.91%
-1.24%
% Change (Quarter)
-2.05%
1.56%
6.48%
1.71%
% Change (year)
-1.95%
10.86%
11.41%
3.47%
31-Dec-13
61.81
85.36
58.97
102.00
* Source: RBI, Reuters, Bloomberg
* Source: RBI
4
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MF News
HDFC retain its top slot, ICICI Pru records highest AAUM gain in Dec quarter
HDFC Mutual Fund retained its top slot, in terms of average assets under management (AAUM) in December quarter. According to the latest
data published by AMFI, HDFC AMCs AAUM increased by Rs. 8,975 crore from Rs. 1.41 lakh crore during September quarter to Rs. 1.50 lakh
crore in December quarter. ICICI Prudential ranked second with AAUM of Rs. 1.36 lakh crore. ICICI Pru recorded highest growth in AAUM
among all AMCs in absolute terms with its assets increasing by Rs. 9,093 crore from Rs. 1.27 lakh crore to Rs. 1.36 lakh crore during the same
period. Among the top 15 AMCs, all fund houses except Tata and SBI, saw an increase in their AAUM. The industry's AAUM exceeded the Rs
11-trillion mark during the quarter. Average AUM rose by 4.4 per cent, to Rs 11.12 trillion (including fund of funds) in the quarter ended
December 2014.
Equity funds mop up Rs.15,000 crore in December
The year 2015 gets off on a high note for the Indian mutual fund industry. Thanks to mark to market gains and inflows in existing schemes as
well as new fund offers, the total AAUM of equity mutual funds (including ELSS) has reached an all-time high at Rs.3.20 lakh crore in
December, shows the latest AMFI data. In December, equity mutual funds received net inflows of over Rs. 6,650 crore. Investors poured in over
Rs.15,000 crore in December in equity funds (new launches and existing schemes) while redemption stood at Rs. 8,500 crore. While a large
part of inflows (Rs.12,665 crore) came in existing funds, new fund offers mopped up Rs.2,582 crore. AMFI data shows that 13 new close end
equity funds were launched in December which collectively mopped up Rs. 2,222 crore.
SEBI may allow MFs to invest unclaimed money in liquid funds
SEBI may allow fund houses to deploy the unclaimed mutual fund dividend and redemption proceeds lying in bank fixed deposits to be
invested in liquid funds. It is learnt that some fund houses had requested SEBI that they should be allowed to launch liquid funds exclusive
meant for managing unclaimed proceeds. This matter was discussed in SEBI MF Advisory Committee meeting held in Mumbai recently. Fund
houses are supposed to deploy unclaimed proceeds three months after it remains unclaimed in money market securities. Sometimes, AMCs do
not find it feasible to park money in money market due to operational difficulties. So, a majority of fund houses currently deploy this money in
bank fixed deposits.
Goldman Sachs set to dump Indian mutual fund business; may sell it for Rs 120 crore
A sharp run-up in share prices in 2014 has failed to induce enthusiasm in Goldman Sachs for its Indian mutual fund business with the marquee
Wall Street firm opting to join the long list of foreign giants who had elected to sell than compete with entrenched Indian leaders. Goldman
Sachs is in advanced talks to sell its mutual fund business, including the central public sector ETF launched with great fanfare last year,
according to the internal sources. The firm is in talks with WisdomTree, a US-based exchange-traded fund (ETF) asset manager, they added.
Goldman may sell the business for about Rs 120 crore, the same price it paid to acquire Benchmark Asset Management in July 2011.
Six AMC qualify in initial bids to manage EPFO funds
Six fund managers, including HSBC AMC, ICICI Prudential, Reliance Capital AMC and UTI AMC, have qualified in initial bids for managing
EPFO funds for a three-year term beginning April 1. EPFO has a subscriber base of over five crore and receives over Rs 70,000 crore as
incremental deposits every year. During the current financial year, EPFO's incremental deposits are estimated to be Rs 79,000 crore. EPFO's
funds at present are being managed by SBI, HSBC AMC, Reliance Capital AMC and ICICI Securities Primary Dealership. The term of these fund
managers ends on March 31, 2015.
SBI evinces interest in buying UTI MF to create top fund house
PSU behemoth SBI's mutual fund arm has evinced interest in acquiring the country's oldest fund house UTI MF - a deal that could create the
country's biggest mutual fund with assets in excess of Rs 1.5 lakh crore. The deal, if it happens, would also be the biggest ever M&A
transaction in the Indian mutual fund industry, which has over 45 players together managing Rs 11 lakh crore. There have been a few M&A
deals, but mostly involving smaller players. UTI MF at present is the fifth largest fund house of the country, while SBI MF ranks sixth. Sources
said that SBI has moved a proposal to the Finance Ministry that its subsidiary SBI Mutual Fund can acquire UTI Mutual Fund. The issue is
currently being discussed by the concerned departments, they added.
6
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Fundz This Quarter
Highlighted are the top 5 AMCs on the basis of their average AUM.
Mutual Fund NameAvg. AUM
Jul-Sep 2014Avg. AUM
Oct-Dec 2014Avg. AUM
Oct-Dec 2013Absolute change
over a quarterAbsolute change
over a year% Change
over a quarter% Changeover a year
24,212.907,792.53
108,209.193,697.303,021.347,188.98
22,670.1738,753.20
587.64255.22
64,597.446,832.16
22,615.267,100.59
102,690.153,921.452,519.158,924.85
22,507.5538,651.57
379.70252.86
56,523.316,498.21
1,597.64691.94
5,519.04-224.15502.20
-1,735.87162.62101.63207.94
2.368,074.12
333.94
7.069.745.37
-5.7219.94
-19.450.720.26
54.760.93
14.285.14
14,729.227,217.20
86,050.533,673.841,759.807,077.15
18,595.7732,641.50
167.01279.94
45,330.513,846.74
9,483.68575.33
22,158.6523.46
1,261.55111.84
4,074.396,111.70
420.63-24.72
19,266.922,985.42
64.397.97
25.750.64
71.691.58
21.9118.72
251.86-8.8342.5077.61
Axis Mutual FundBaroda Pioneer Mutual FundBirla Sun Life Mutual FundBNP Paribas Mutual FundBOI AXA Mutual FundCanara Robeco Mutual FundDeutsche Mutual FundDSP BlackRock Mutual FundEdelweiss Mutual FundEscorts Mutual FundFranklin Templeton Mutual FundGoldman Sachs Mutual Fund
MF Industry AUM Comparison
Average AUM Equity & Balance Debt & MIP Equity(%) Debt(%)
24,212.907,792.53
108,209.193,697.303,021.347,188.98
22,670.1738,753.20
587.64255.22
64,597.446,832.16
150,810.369,674.14
136,853.406,873.02
48,049.75320.35280.37813.44
3,087.2314,240.1714,123.8039,084.6721,336.037,618.491,526.921,460.731,514.85
589.40515.52
1,971.734,925.72
565.02127,247.5019,850.15
147.5672,761.32
31.7619,564.3924,250.654,082.372,872.50
87,390.131,112,251.52
5,598.89633.75
20,891.791,114.281,024.412,398.10
390.6015,269.22
102.8938.05
23,065.734,121.98
63,009.391,868.08
40,873.42544.44
10,164.790.00
110.650.00
12.601,592.881,399.714,224.037,327.10
843.261,407.291,172.82
55.22310.58515.52230.67
2,012.98421.09
37,574.901,300.78
70.5819,367.28
0.006,925.376,079.20
382.83278.02
36,578.87321,304.04
18,614.017,158.78
87,317.402,583.021,996.934,790.88
22,279.5723,483.98
484.75217.17
41,531.712,710.18
87,800.977,806.06
95,979.986,328.58
37,884.96320.35169.72813.44
3,074.6312,647.2912,724.0934,860.6414,008.936,775.23
119.63287.91
1,459.63278.82
0.001,741.062,912.74
143.9389,672.6018,549.37
76.9853,394.04
31.7612,639.0218,171.453,699.542,594.48
50,811.26790,947.48
23.128.13
19.3130.1433.9133.361.72
39.4017.5114.9135.7160.3341.7819.3129.877.92
21.150.00
39.470.000.41
11.199.91
10.8134.3411.0792.1780.293.65
52.69100.0011.7040.8774.5329.536.55
47.8326.620.00
35.4025.079.389.68
41.8628.89
76.8891.8780.6969.8666.0966.6498.2860.6082.4985.0964.2939.6758.2280.6970.1392.0878.85
100.0060.53
100.0099.5988.8190.0989.1965.6688.937.83
19.7196.3547.310.00
88.3059.1325.4770.4793.4552.1773.38
100.0064.6074.9390.6290.3258.14
71.11
Mutual Fund Name
Axis Mutual FundBaroda Pioneer Mutual FundBirla Sun Life Mutual FundBNP Paribas Mutual FundBOI AXA Mutual FundCanara Robeco Mutual FundDeutsche Mutual FundDSP BlackRock Mutual FundEdelweiss Mutual FundEscorts Mutual FundFranklin Templeton Mutual FundGoldman Sachs Mutual FundHDFC Mutual FundHSBC Mutual FundICICI Prudential Mutual FundIDBI Mutual FundIDFC Mutual FundIIFCL Mutual Fund (IDF)IIFL Mutual FundIL&FS Mutual Fund (IDF)Indiabulls Mutual FundJM Financial Mutual FundJPMorgan Mutual FundKotak Mahindra Mutual FundL&T Mutual FundLIC Nomura Mutual FundMirae Asset Mutual FundMotilal Oswal Mutual FundPeerless Mutual FundPineBridge India Mutual FundPPFAS Mutual FundPramerica Mutual FundPrincipal Mutual FundQuantum Mutual FundReliance Mutual FundReligare Invesco Mutual FundSahara Mutual FundSBI Mutual FundShriram Mutual FundSundaram Mutual FundTata Mutual FundTaurus Mutual FundUnion KBC Mutual FundUTI Mutual FundTotal of above Mutual Funds
Average Assets Under Management (AAUM) for the quarter Oct - Dec 2014 (R in crores)
7
-
MF Industry AUM Comparison
Mutual Fund Name Avg. AUMJul-Sep 2014
Avg. AUMOct-Dec 2014
Avg. AUMOct-Dec 2013
Absolute changeover a quarter
Absolute changeover a year
% Changeover a quarter
% Changeover a year
150,810.369,674.14
136,853.406,873.02
48,049.75320.35280.37813.44
3,087.2314,240.1714,123.8039,084.6721,336.037,618.491,526.921,460.731,514.85
589.40515.52
1,971.734,925.72
565.02127,247.5019,850.15
147.5672,761.32
31.7619,564.3924,250.654,082.372,872.50
87,390.131,112,251.52
141,834.769,429.42
127,760.737,174.00
45,850.77313.85202.03792.27
2,905.3611,976.1415,379.6837,762.5920,672.718,158.501,244.861,047.502,494.24
667.18478.90
2,060.224,753.58
509.62123,386.3417,667.35
148.1973,530.32
29.3318,943.5624,543.844,410.853,191.64
83,249.911,065,154.88
8,975.60244.72
9,092.67-300.98
2,198.986.50
78.3321.17
181.872,264.03
-1,255.871,322.08
663.32-540.01282.06413.23
-979.39-77.7836.62
-88.49172.1455.41
3,861.162,182.80
-0.63-769.01
2.44620.83
-293.18-328.48-319.14
4,140.2247,096.65
6.332.607.12
-4.204.802.07
38.772.676.26
18.90-8.173.503.21
-6.6222.6639.45
-39.27-11.66
7.65-4.303.62
10.873.13
12.35-0.42-1.058.313.28
-1.19-7.45
-10.004.97
4.42
112,665.667,651.53
97,318.105,302.62
41,361.54NA
225.26NA
1,225.457,191.56
12,928.0036,228.3017,002.5110,010.08
582.23434.28
3,399.46813.63312.22
2,043.474,546.72
344.30104,412.4313,733.53
194.3065,414.81
23.7516,023.8319,722.723,223.452,266.45
74,351.24882,322.64
38,144.702,022.61
39,535.301,570.406,688.21
NA55.11
NA1,861.787,048.611,195.802,856.374,333.52
-2,391.59944.69
1,026.45-1,884.62
-224.23203.30-71.74379.00220.72
22,835.076,116.62
-46.747,346.51
8.023,540.564,527.94
858.92606.05
13,038.90229,928.89
33.8626.4340.6229.6216.17
NA24.47
NA151.9398.019.257.88
25.49-23.89162.25236.36-55.44-27.5665.12-3.518.34
64.1121.8744.54
-24.0611.2333.7722.1022.9626.6526.7417.54
26.06
HDFC Mutual FundHSBC Mutual FundICICI Prudential Mutual FundIDBI Mutual FundIDFC Mutual FundIIFCL Mutual Fund (IDF)IIFL Mutual FundIL&FS Mutual Fund (IDF)Indiabulls Mutual FundJM Financial Mutual FundJPMorgan Mutual FundKotak Mahindra Mutual FundL&T Mutual FundLIC Nomura Mutual FundMirae Asset Mutual FundMotilal Oswal Mutual FundPeerless Mutual FundPineBridge India Mutual FundPPFAS Mutual FundPramerica Mutual FundPrincipal Mutual FundQuantum Mutual FundReliance Mutual FundReligare Invesco Mutual FundSahara Mutual FundSBI Mutual FundShriram Mutual FundSundaram Mutual FundTata Mutual FundTaurus Mutual FundUnion KBC Mutual FundUTI Mutual FundTotal
SalesMF Category Redemptions
December - 2014 Apr - Dec 2014 31-Dec-14 30-Sep-14IncomeInfrastructure Debt FundEquityBalancedLiquid/Money MarketGiltELSSGold ETFOther ETFsFOF Investing OverseasTotal
41,431-
14,2332,093
923,8712,2711,014
161,243
21986,193
Net Sales
-1,632-
6,0571,789
-50,7862,090
594-111773
-162-41,388
Sales
348,108188
101,0499,191
7,718,7726,0564,411
1156,473
5248,194,887
Redemptions
346,3170
51,0272,926
7,690,8123,6544,0491,2745,7251,161
8,106,945
Net Sales
1,791188
50,0226,265
27,9602,402
362-1,159
748-637
87,942
Category AUM Quarterly
502,1541,147
283,22124,490
178,4919,025
36,2577,1886,7022,668
1,051,343
454,4951,120
247,58518,277
184,5255,619
32,8127,2774,7372,968
959,415
Change(%)10.492.41
14.3933.99-3.2760.6210.50-1.2241.48
-10.119.58
43,063-
8,176304
974,657181420127470183
1,027,581
R in Crore * Source: AMFI
8
Top 5 AMCs Based on Abs. AAUM Growth (rCrs) for Quarter Oct-Dec 2014
ICICI Prudential
HDFC
Franklin Templeton
Birla Sunlife
UTI
9,093
8,976
8,074
5,519
4,140
Categorywise AUM as on 31st December 14
Liquid/MoneyMarket16.98%
Equity26.94%
Income47.76%
Gilt0.86%
ELSS3.45%
Balanced2.33%
Infra Debt Fund0.11%
FOF Overseas0.25%
Gold / Other ETFs1.32%
-
5000
5000
500
5000
5000
5000
5000
5000
5000
5000
10000
DYNAMIC BOND FUNDS EXIT LOAD
Reliance Corporate Bond Fund
Reliance Dynamic Bond Fund
Reliance Regular Savings Fund Debt Plan
SBI Dynamic Bond Fund
Sundaram Flexible - FIP
Tata Dynamic Bond Fund
Taurus Dynamic Income Fund
Franklin India Income Opp. Fund
Union KBC Dynamic Bond Fund
UTI Credit Opportunities Fund
UTI Dynamic Bond Fund
Min AmtRs.
Upto 12 M 1%, Bet 12-24M 1%, Bet 24-36M 0.50%
Upto 12 Months 1%
Upto 1 Year 1%
Upto 1 month 0.25%
NIL
Upto 180 Days 0.50%
Upto 90 Days 1%
Upto 12M 3%,12-18M 2%,18-24M 1%
Upto 3M 0.50%, 3-6M 0.25%
Upto 180 Days 0.75%
Upto 89 days 0.75%
Load Structure
5000
5000
5000
5000
1000
5000
5000
5000
5000
5000
5000
5000
30000
INCOME SCHEMES EXIT LOAD
Axis Income Fund
Baroda Pioneer Income Fund
Baroda Pioneer PSU Bond Fund
Birla Sun Life Income Plus
BNP Paribas Bond Fund
Canara Robeco Income Fund
DSP Blackrock Bond Fund
DWS Premier Bond Fund
HDFC HIF - Dynamic Plan
HDFC Income Fund
HSBC Income Fund Inv. Plan
ICICI Pru Corporate Bond Fund
ICICI Prudential Income Plan
IDFC SSI - Medium Term Fund
IDFC SSIF- Investment Plan
Indiabulls Income Fund
ING Income Fund
JM Income Fund
Kotak Bond Fund
L&T Triple Ace Bond Fund
LIC Nomura Bond Fund
Principal Income Fund LT Plan
Reliance Income Fund
Religare Invesco Active Income Fund
Sahara Income Fund
SBI Magnum Income Fund
Sundaram Bond Saver
Tata Income Fund
Tata Income Plus Fund
Franklin India Corp Bond Opp Fund
Franklin India Income Fund
Franklin India Income Builder
UTI Bond Fund
Upto 12 Months 1%
Upto 12 Months 1%
Upto 6 months 0.50%
NIL
Upto 1 year 1%
Upto 12 months 1.00%
Upto 12 months 1.00%
Upto 6 months 1%
Upto 3 Months 0.50%
Upto 6 Monts 0.50%
NIL
1% upto 3 years
Upto 1 year 1%
Upto 3 Months 0.50%
1% upto 365 days
Upto 90 Days 0.50%
Upto 365 Days 1%
NIL
NIL
Upto 3 months 1.50%
Upto 1 year 1%
Upto 1 year 1%
NIL
Upto 90 Days 1%
NIL
Upto 1 year 1%
Upto 1 year 1%
Upto 365 Days 1%
Upto 365 Days 1%
Upto 12M 3%,12-24M 2%,24-36M 1%
Upto 12M 3%,12-24M 2%,24-36M 1%,36-48M 0.50%
Upto 1 year 0.50%
NIL
5000
5000
5000
5000
5000
5000
1000
5000
5000
5000
10000
5000
5000
5000
5000
5000
5000
5000
5000
2000
5000
5000
5000
5000
3000
5000
5000
5000
5000
5000
10000
10000
1000
LONG TERM GILT EXIT LOAD
Birla Sun Life Gilt Plus - PF
Birla Sun Life Gilt Plus - Regular
Birla Sun Life Govt. Sec. Long Term
Canara Robeco Gilt
DSP BlackRock Gsec Fund
DWS Gilt Fund
HDFC Gilt Fund LT
ICICI Prudential Gilt Fund Inv
ICICI Prudential Gilt Fund Inv - PF
IDBI Gilt Fund
IDFC Gov Sec - Inv
IDFC GSF - Provident Fund
ING Gilt Fund Provident Fund
Upto 365 Days 1%
Upto 365 Days 1%
NIL
NIL
Upto 7 Days 0.10%
NIL
NIL
NIL
NIL
Upto 1 Year 1%
NIL
Upto 365 Days 1%
Upto 365 Days 1%
Min AmtRs.
Min AmtRs.
5000
1000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
ARBITRAGE FUND EXIT LOAD
Birla SL Enhanced Arbitrage Fund
Edelweiss Arbitrage Fund
HDFC Arbitrage Fund
ICICI Pru Blended Fund Plan A
ICICI Pru Equity-Arbitrage Fund
IDFC Arbitrage Fund - Plan A
IDFC Arbitrage Plus Fund A
JM Arbitrage Advantage Fund
Kotak Equity Arbitrage Fund
Reliance Arbitrage Advantage Fund
Religare Invesco Arbitrage Fund
SBI Arbitrage Opportunities Fund
UTI Spread Fund
Min AmtRs.
Upto 90 days 0.50%
Upto 365 Days 1%
Upto 3 months 0.50%
Upto 3 Months 0.50%
Upto 3 Months 0.50%
Upto 3 Months 0.25%
Upto 6 Months 0.50%
Upto 30 Days 0.50%
Upto 90 days 0.50%
Upto 3 Month 0.25%
Upto 1 Year 1%
Upto 3 Months 0.50%
Upto 180 Days 0.50%
5000
5000
1000
5000
10000
5000
5000
5000
5000
5000
5000
5000
5000
10000
5000
SHORT TERM GILT EXIT LOAD
Birla Sun Life Gilt Plus Liquid
Birla Sun Life Govt. Sec Short Term
DSP BlackRock Treasury Bill
HDFC Gilt Fund ST
HSBC Gilt Fund
ICICI Prudential Gilt Fund Treasury
ICICI Prudential Gilt Fund Treasury-PF
IDFC Gov Sec ST
Kotak Gilts Savings
Religare Invesco Gilt - Short Duration
Sahara Gilt Fund
SBI Magnum Gilt ST
Sundaram Gilt Fund
Tata Gilt Sec Short Maturity Fund
UTI Gsec Fund STP
Upto 365 Days 1%
NIL
Upto 7 Days 0.10%
NIL
NIL
NIL
Upto 6 months 0.50%
NIL
NIL
NIL
NIL
Upto 15 Days 0.15%
NIL
Upto 180 Days 0.50%
NIL
Min AmtRs.
5000
5000
5000
5000
5000
5000
5000
1000
1000
5000
10000
5000
5000
10000
5000
24000
5000
5000
5000
5000
10000
5000
5000
DYNAMIC BOND FUNDS EXIT LOAD
Axis Dynamic Bond Fund
Baroda Pioneer Dynamic Bond Fund
Birla SL ST Opportunities Fund
Birla Sun Life Dynamic Bond Fund
Birla Sun Life Medium Term Plan
BNP Paribas Flexi Debt Fund
Canara Robeco Dynamic Bond Fund
DSP BlackRock Strategic Bond Fund
DSPBR Income Opportunities Fund
HDFC Corp. Debt Opportunities Fund
HSBC Flexi Debt Fund
ICICI Pru Income Opportunities Fund
ICICI Prudential Dynamic Bond Fund
ICICI Prudential Regular Savings Fund
IDBI Dynamic Bond Fund
IDFC All Seasons Bond Fund
IDFC Dynamic Bond Fund
Kotak Income Opportunities Fund
L&T Flexi Bond Fund
L&T Income Opportunities Fund
PineBridge India Total Return Bond Fund
Pramerica Credit Opportunities Fund
Pramerica Dynamic Bond Fund
Min AmtRs.
Upto 2 years 1%
Upto 3 Months 0.50%
Upto 365D 1.50%; Bet 365-540D 0.50%
Upto 365 Days 1%
Upto 365D 2%, 365-730D 1%
Upto 6 Months 0.75%
Upto 6 months 0.50%
Upto 7 Days 0.10%
Upto 12 M 2%, Bet 12-24M 1%, Bet 24-36 M 0.50%
Upto 12 M 2%, Bet 12-24M 1%, Bet 24-36 M 0.50%
NIL
Upto 1 year 1%
NIL
Upto 18 Months 1%
Upto 1 Year 1%
Upto 1 Year 1%
Upto 3 Months 0.50%
Upto 1 year 2%
Upto 6 months 0.5%
Upto 1Y 2%, 1-2Y 1%
NIL
Upto 365D 2%, 365-455D 0.50%
Upto 180 Days 1%
9
-
Load Structure
5000
5000
10000
10000
5000
5000
5000
5000
10000
50000
10000
10000
5000
5000
JM Gsec Regular
Kotak Gilt Inv
L&T Gilt Investments
Motilal Oswal MOSt 10Y Gilt Fund
Principal Gilt Fund
Reliance Gilt Securities Fund
Religare Invesco Gilt - Long Duration
SBI Magnum Gilt LT
Tata Gilt Security Fund
Tata Gilt Securities High Inv. Plan
Franklin India Gsec - Composite
Franklin India Gsec - Long Term
UTI Gilt Advantage Fund Long Term
UTI Gilt Advantage Fund PF
LONG TERM GILT EXIT LOADMin AmtRs.
NIL
NIL
NIL
Upto 30 Days 0.25%
NIL
NIL
NIL
Upto 15 Days 0.25%
Upto 180 Days 0.50%
Upto 180 Days 0.50%
Upto 3 Months 0.50%
Upto 3 Months 0.50%
NIL
NIL
5000500050005000500050001000500050005000500050005000100005000500050005000500050005000500050005000500050005000500050005000500050005000500050005000500050005000100005000500030000
Axis Short Term FundBaroda Pioneer Short Term Bond FundBirla Sun Life Short Term FundBNP Paribas Short Term Income FundBOI AXA Short Term Income FundCanara Robeco Short Term FundDSP BlackRock Short Term FundDWS Banking and PSU Debt FundDWS Short Maturity FundHDFC HIF STPHDFC Medium Term Opp FundHDFC Short Term Opportunities FundHDFC STPHSBC Income Fund ST PlanICICI Pru. Blended Fund Plan BICICI Prudential Long Term PlanICICI Prudential STPIDBI Short Term Bond FundIDFC SSIF - Short TermING Short Term Income FundJM Short Term FundJP Morgan India ST Income FundKotak Bond Short Term PlanL&T Short Term Income FundL&T Short Term OpportunitiesLIC Nomura Savings Plus FundMirae Asset Short Term Bond FundMorgan Stanley Short Term Bond FundPeerless Short Term FundPineBridge Short Term FundPramerica Short Term Income FundPramerica Treasury Advantage FundPrincipal Income Fund STPReliance Short Term FundReligare Invesco Bank Debt FundReligare Invesco Medium Term BondReligare Invesco Short Term FundSBI Short Term Debt FundSundaram Select Debt ST Asset PlanTata Short Term Bond FundTaurus Short Term Income FundFranklin India Short Term IncomeUTI Short Term Income Fund
SHORT TERMINCOME SCHEMES
EXIT LOADMin AmtRs.
Upto 1 Month 0.25%Upto 180 Days 0.50%Upto 30 Days 0.25%Upto 3 Months 0.50%Upto 45 Days 0.50%Upto 6 Months 0.50%Upto 12 Months 1%Upto 3 Months 0.50%Upto 6 months 0.75%Upto 1 Months 0.25%Upto 12 Months 1%Upto 1 Month 0.25%Upto 12 months 0.75%NILUpto 1 Month 0.50%Upto 1 Month 0.25%Upto 3 Months 0.50%NILUpto 1 Month 0.50%Upto 6 months 0.50%Upto 30 Days 0.25%Upto 6 Months 0.50%Upto 30 Days 0.50%Upto 9 months 0.50%Upto 1 Month 0.50%upto 15 Days 0.10%Upto 6 Months 0.50%Upto 6 Months 0.50%Upto 9 months 1.00%NILNILUpto 465 days 1.25%Upto 30 Days 0.50%Upto 1 Month 0.25%Upto 1 year 1%Upto 45 Days 0.50%Upto 30 Days 0.25%Upto 90 Days 0.25%NILUpto 90 Days 0.50%Upto 1 Month 0.25%Upto 9 months 0.50%Upto 30 Days 0.25%
MONTHLY INCOME PLANS EXIT LOAD
Axis Income Saver Fund
Axis Triple Advantage Fund
BNP Paribas MIP
BOI AXA Regular Return Fund
Baroda Pioneer MIP Fund
Birla SL MIP
Birla SL Monthly Income
Birla SL MIP II - Savings 5 Plan
Birla SL MIP II - Wealth 25 Plan
Canara Robeco MIP
DSP BlackRock MIP Fund
DWS Twin Advantage Fund
Franklin India Monthly Income Plan
HDFC MIP - Long Term Plan
HDFC MIP - Short Term Plan
HSBC MIP - Regular
HSBC MIP - Savings
ICICI Prudential MIP 25
ICICI Prudential MIP 5
ICICI Pru Monthly Income Plan
IDFC Monthly Income Plan
ING MIP Plan
JM Monthly Income Plan
Kotak Monthly Income Plan
L&T Monthly Income Plan
Reliance Monthly Income Fund
Religare Invesco MIP
Religare Invesco MIP Plus
SBI Magnum Monthly Income
Sundaram MIP Aggressive
Sundaram MIP Conservative
Sundaram MIP Moderate
Tata MIP Plus
Tata Monthly Income Fund
UTI Monthly Income Scheme
UTI Monthly Income Advantage
Upto 2 years 1%
Upto 1 year 3%; 1-2 yrs 2%; 2-3 yrs 1%
1% upto 1 Year
Upto 12 Months: 1%
Upto 12 Months 1%
Upto 365D 2%, Bet 365-730D 1.5%, Bet 730-1095D 1%
Upto 365D 1.5%, Bet 365-540D 0.5%
Upto 365D 1.5%, Bet 365-540D 0.5%
Upto 365D 2%, Bet 365-730D 1.5%, Bet 730-1095D 1%
1% upto 1 year
1% upto 1 year
1% upto 1 Year
1% upto 1 year
Upto 12 M 2%, Bet 12-24M 1%, Bet 24-36M 0.50%
Upto 12 Mths 2%, Bet 12-24M 1%, Bet 24-36M 0.50%
NIL
NIL
1% upto 3 years
1% upto 1 year
1% upto 1 year
Upto 1 year 1%
1% upto 1 year
Upto 182 days 0.50%
1% upto 3 years
1% upto 1 year
Upto 12 Mths 1.5%, Bet 12-24M 1%, Bet 24-36M 0.50%
1% upto 1 year
1% upto 1 Year
1% upto 1 year
Upto 12M 2%, 12-18M 1.5%, 18-24M 1%
Upto 3 Months 1%
Upto 9 month 1%
1% upto 1 year
1% upto 1 year
Upto 90D 1.5%, 90-180D 1.25 %, 180-365D 1%
NIL
5000
5000
5000
10000
5000
5000
5000
5000
5000
5000
1000
5000
10000
5000
5000
10000
10000
5000
5000
5000
5000
10000
5000
5000
10000
5000
5000
5000
5000
5000
5000
5000
5000
5000
1000
5000
Min AmtRs.
10
-
Load Structure
EXIT LOAD
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
1000
1000
1000
1000
5000
5000
5000
5000
5000
5000
5000
10000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
2000
5000
5000
5000
5000
5000
Min Amt Rs.EQUITY FUNDS
Note: In accordance with the requirements specified by the SEBI circular dated June 30, 2009, no entry load will be charged for purchase/additional purchase/switch-in accepted by the Fund with effect from August 1, 2009. Similarly, no entry load will be charged withrespect to applications for registrations under Systematic Investment Plan/Systematic Transfer Plan accepted by the Fund with effect from August 1, 2009.
Axis Equity Fund / Midcap Fund
Axis Focus 25 Fund
Birla SL Frontline Equity / Small & Midcap / Dividend Yield Plus / MNC / Infrastructure / India GenNext / New Millennium / Special
Situations / India Reforms / Advantage / Buy India / India Opportunities Fund
Birla SL Commodity Equities Fund Global Agri Plan
Birla SL Long Term Advantage Fund / Top 100 Fund
Birla SL Equity Fund / Midcap Fund
Birla SL Pure Value Fund
BNP Paribas Equity Fund / Dividend Yield Fund / Midcap Fund
BOI AXA Equity Fund / Bharti AXA Focused Infrastructure Fund
Baroda Pioneer Growth Fund / Infrastructure Fund / PSU Equity Fund
Canara Robeco Equity Diversified Fund / Emerging Equities Fund / Largecap Plus / Infrastructure Fund
DWS Alpha Equity Fund
DWS Investment Opportunities Fund
DSP BlackRock Equity Fund / Top 100 Equity Fund / Opportunities Fund / Technology.com Fund / Natural Resource & New Energy
DSP BlackRock Small & Midcap Fund
DSP BR Microcap / Focus 25 / India TIGER / World Gold / World Energy / World Mining / World Agri / US Flexible / Global Allocation
Edelweiss Diversified Growth Equity Top 100 Fund
Franklin India Bluechip Fund / Templeton India Growth Fund / Prima Plus / Prima Fund / Flexi Cap Fund / India Opportunities Fund /
Templeton India Equity Income / Smaller Companies / Dynamic PE
Franklin India High Growth Comp / Build India Fund / Infotech Fund
Franklin Asian Equity Fund / FIF - US Opp Fund / FIF - European Growth Fund
Goldman Sachs India Equity Fund
HDFC Growth Fund / Equity Fund / Top 200 Fund / Premier Multi-Cap Fund / Largecap Fund / Midcap Opportunities Fund
HDFC Capital Builder Fund / Core & Satellite Fund
HDFC Small & Mid Cap Fund
HSBC Equity Fund / India Opportunities Fund / Progressive Themes / Midcap Equity Fund / Emerging Markets Fund / Dynamic Fund
ICICI Prudential Infrastructure Fund / Top 200 Fund / Banking & Financial Services Fund / Focused Bluechip Equity Fund / FMCG
Fund / Indo Asia Equity Fund / Technology Fund / Target Returns / Value Discovery Fund / Dynamic Plan
ICICI Prudential Exports & Other Services Fund
ICICI Prudential Top 100 Fund / Midcap Fund / Target Returns Fund
IDFC Premier Equity Fund (10000) / Equity Fund / Imperial Equity Fund / Infrastructure Fund
IDFC Classic Equity Fund / Sterling Equity Fund
JM Basic Fund / Core 11 Fund / Equity Fund / Multi Strategy Fund
JPMorgan India Equity Fund / Smaller Companies Fund / JF Greater China Equity Off-shore Fund / JPMorgan Emerging Europe,
Middle East & Africa Equity Off-shore Fund / JF ASEAN Equity Off-shore Fund
Kotak Classic Equity / Select Focus / Opportunities Fund / Midcap Fund
Kotak 50
Kotak Emerging Equity Fund
L&T Equity Fund / Midcap Fund / India Special Situation Fund
L&T India Largecap Fund / India Value Fund / Infrastructure Fund
LIC Nomura Equity Fund / Growth Fund / Infrastructure Fund
Mirae Asset India Opportunities / Emerging Bluechip / Global Commodity Stocks / China Advantage
PineBridge India Equity Fund / Infrastructure and Economic Reform Fund / World Gold Fund
Pramerica Large Cap Equity Fund / Dynamic Asset Allocation / Midcap Opp
Principal Large Cap Fund / Resurgent India Equity Fund / Services Industries Fund / Dividend Yield Fund / Emerging Bluechip/ Smart
Equity Fund / Global Opportunities Fund (10000) / Growth Fund
Reliance Growth Fund / Vision Fund / Top 200 Fund / Quant Plus / Focused Largecap / Long Term Equity / Equity Opportunities Fund/
Div. Power Sector / Banking Fund / Infrastructure Fund / Regular Savings Equity Plan (500) / Pharma Fund / Media & Entertainment
Fund / NRI Equity Fund
1% upto 12 months
2% upto 2 years
1% upto 1 year
3% upto 30 days; 1% between 30 and 365 days
1.50% upto 365 days; 0.50% bet 365 & 540 days
1.50% upto 365 days; 1% bet 365 & 540 days
2% upto 365 days; 1% bet 365 & 730 days
1% upto 1 year
1% upto 1 year
1% upto 1 year
1% upto 1 year
2% upto 18 Months
1% upto 3 months
1% upto 1 year
1% upto 18 months
1% upto 24 months
Upto 545 Days 1%
1% upto 1 year
1% upto 2 years
1% upto 3 years
1% upto 1 year
1% upto 1 year
1% upto 18 months
2% upto 12 months, 1% bet 12 to 18 months
NIL
1% upto 1 year
1% upto 1 year
1% upto 18 months
1% upto 1 year
2% upto 18 Months
1% upto 3 months
1% upto 18 months
1% upto 1 year
1% upto 18 months
1% upto 2 years
1% upto 1 year
2% upto 1 year, 1% bet 1-2 years
1% upto 1 year
2% upto 182 days; 1% bet 182-365 days
1% upto 1 year
1% upto 1 year
1% upto 1 year
1% upto 1 year
11
-
Load Structure
EQUITY FUNDS EXIT LOAD
2% upto 12 months, 1% bet 12 to 24 months
1% upto 1 year
1% upto 1 year
1% upto 1 year
1% upto 18 months
1.5% upto 18 months
NIL
NIL
1% upto 1 year
1% upto 1 year
1% upto 540 days
1% upto 180 days
1% upto 1 year
1% upto 548 days
1% upto 730 days
Min Amt Rs.
CHILD BENEFIT FUND EXIT LOAD
3% upto 1 year, 2% between 1-2 yr, 1% between 2-3 yr
3% upto 1 year, 2% between 1-2 yr, 1% between 2-3 yr
1% upto 3 years, Nil after 3 years but before age of 18
1% upto 3 years
1% upto 3 years for 1 Cr
1% upto 1 year
Within 1 year 3%, within 2 years 2%, within 3 years 1%
3% upto 3 years (Complusory Lock-in Option)
< 2 yrs 3%, >= 2 yrs & < 4 yrs 2%, >= 4 yrs & < 5 yrs 1%,
>= 5 yrs Nil
5000
5000
5000
5000
5000
5000
5000
500
1000
Min Amt Rs.
HDFC Children Gift Fund - Investment
HDFC Children Gift Fund - Savings
ICICI Pru Child Care - Study
ICICI Pru Child Care - Gift
LIC Nomura Children's Fund
Principal Child Benefit Fund
SBI Magnum Children's Benefit Plan
Tata Young Citizen's Fund
UTI Childrens Career Balanced Plan
INDEX FUNDS EXIT LOAD
1% upto 90 days
1% upto 1 year
1% upto 30 days
1% upto 3 months
0.25% upto 7 days
0.25% upto 7 days
1% upto 1 year
Nil
1% upto 1 year
1% upto 90 days
1% upto 1 year
0.25% upto 7 days
1% upto 7 days
4% upto 90 days
4% upto 90 days
0.50% upto 30 days
1% upto 14 days
5000
5000
5000
5000
5000
5000
5000
5000
2000
5000
5000
5000
5000
5000
5000
5000
5000
Min Amt Rs.
Birla Sun Life Index Fund
Canara Robeco Nifty Index
Franklin India Index Fund - Nifty
HDFC Index Fund - Nifty & Sensex
ICICI Pru Index Fund
ICICI Pru Nifty Junior Index Fund
ING Nifty Plus Fund
JM Nifty Plus Fund
LIC Nomura Index Fund - Nifty, Sensex & Sensex Adv.
Principal Index Fund Nifty & Midcap
Reliance Index Fund Nifty
Reliance Index Fund Sensex
SBI Magnum Index Fund
Tata Index Fund - Nifty
Tata Index Fund - Sensex
Taurus Nifty Index Fund
UTI Nifty Index Fund
12
Reliance Smallcap Fund
Religare Invesco Equity Fund / Contra Fund / Growth Fund / Banking Fund / AGILE Fund / Business Leaders Fund
Sahara Growth Fund / Infrastructure Fund / Wealth Plus Fund / Power & Natural Resources Fund / Banking and
Financial Services Fund / Midcap Fund / Super 20 Fund
SBI Magnum Equity Fund / Bluechip Fund / Contra Fund / Emerging Business / Comma Fund / Midcap Fund /
Infrastructure / PSU Fund / Small & Midcap / EDGE Fund
SBI Magnum Multiplier Plus
SBI Magnum Global Fund
SBI Pharma Fund / FMCG Fund / IT Fund / Magnum Multicap Fund
Sundaram Growth Fund / Select Focus / Fin. Services
Sundaram Select Midcap Fund / SMILE Fund / Equity Multiplier / Rural India / Infrastructure Advantage /
Entertainment Opp / PSU Opp / Global Advantage
Tata Pure Equity Fund / Equity Opportunities / Dividend Yield / Infrastructure Fund
Tata Equity PE fund / Midcap Growth Fund / Ethical Fund
Taurus Ethical Fund / Starshare / Infrastructure Fund / Discovery Fund / Bonanza Fund / Banking & Fin. Services Fund
UTI Mastershare / Equity Fund / Top 100 / Dividend Yield / Opportunities Fund / Leadership Equity
UTI MidCap Fund / Banking Sector Fund / Infrastructure Fund / India Lifestyle / Pharma & Healthcare / Energy Fund /
Transportation & Logistics / Multicap Fund
UTI MNC Fund
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
-
Load Structure
Definitions
In this Fundz Watch, we have classified the diversified equity funds into different categories or peer-sets to facilitate better comparison. Thus we have made the classifications as (a) Large Cap Funds (b) Mid Cap Funds & (c) Blend Funds on the basis of market capitalisation. We have also formed peer-sets of Index Funds, ELSS Funds & Sectoral Funds.
Classification criteria: These are as per our own internal calculations and may or may not match with the classifications made by others
Large cap stock: Stock with market capitalisation equal to or above the cut-off market capitalisation where cumulated market capitalisation (calculated in descending order) is 70% of total market capitalization of BSE
Large cap fund: Fund having percentage holding of largecap stock more than or equal to 70% of the portfolio
Blend fund: Fund having percentage holding of largecap stock less than 70% and higher than or equal to 40% of the portfolio
Midcap fund: Fund having percentage holding of largecap stock less than 40% of the portfolio
Expense Ratio:
The expense ratio of a fund indicates the efficiency and cost effectiveness of the fund. The expenses are incurred to meet the general running expenses of the fund.
Expense Ratio = Total Expenses / Average Net Assets of the Fund
Note: Load Structure given above is applicable to retail plans, only for information purpose and subject to change. Please refere to the applicable load structure at the time of investing.
Axis Banking Debt FundAxis Treasury Advantage FundBaroda Pioneer Treasury Advantage FundBirla Sun Life Cash ManagerBirla Sun Life Floating Rate Fund LTBirla Sun Life Savings FundBirla Sun Life Ultra Short Term FundBNP Paribas Money Plus FundBOI AXA Treasury Advantage FundCanara Robeco Floating Rate ST FundCanara Robeco Treasury Advantage FundDaiwa Treasury Advantage FundDSP BlackRock Money Manager FundDWS Cash Opportunities FundDWS Income Advantage FundDWS Money Plus FundDWS Treasury Fund - Investment PlanDWS Ultra Short Term FundEdelweiss Ultra Short Term Bond FundHDFC CMF - Treasury Advantage PlanHDFC Floating Rate Income STP- WholesaleHDFC Floating Rate Income Fund LTHSBC Floating Rate Fund LTHSBC Ultra Short Term Bond FundICICI Pru Banking & PSU Debt FundICICI Pru Flexible Income PlanICICI Pru Floating Rate PlanICICI Pru Ultra Short Term PlanIDBI Ultra Short Term FundIDFC Money Manager - InvestmentIDFC Money Manager - TreasuryIDFC Ultra Short Term FundIndiabulls Ultra Short Term FundING Treasury Advantage FundJM Floater Fund - Long Term PlanJM Money Manager Fund
NILNILNILNILNILNILUpto 365 Days 0.25%NILNILUpto 60 Days 0.25%NILNILNILNILUpto 12 Months 1.5%Upto 1 month 1%Upto 1 month 0.50%NILNILNILNILUpto 3 Months 0.50%NILNILUpto 1 Month 0.25%NILNILNILNILUpto 30 Days 0.25%NILNILNILUpto 6 months 1%NILUpto 45 Days 0.25%
500050005000500050005000500050005000500050001000010005000500050005000
10000050005000
100000050001000010000500050005000500050005000500050005000500050005000
Min AmtRs.
MONEY MANAGER & FLOATINGRATE FUND EXIT LOAD
JP Morgan India Treasury FundKotak Flexi Debt SchemeKotak Floater Long TermL&T Floating Rate FundL&T Low Duration FundL&T Ultra Short Term FundLIC Nomura Income Plus FundLIC Nomura Floating Rate Fund - STPMirae Asset Ultra Short Term Bond FundPeerless Ultra Short Term FundPramerica Short Term Floating Rate FundPramerica Ultra Short Term Bond FundPrincipal Bank CD FundPrincipal Debt Opp. Fund ConservativePrincipal Debt Opp. Fund Corporate BondReliance Floating Rate Fund - STReliance Medium Term FundReliance Money Manager FundReligare Invesco Credit Opp. FundReligare Invesco Ultra Short Term FundSBI Mag. Inc. Fund Floating Rate LTSBI Mag. Inc. Fund FRP Savings Plus BondSBI Ultra Short Term FundSundaram Flexible Fund STPSundaram Ultra Short Term PlanTata Floater FundTata Floating Rate Fund LongTermTata Treasury Manager FundTaurus Ultra Short Term Bond FundTempleton Floating Rate Income FundFranklin India Low Duration FundFranklin India Ultra Short Bond FundUnion KBC Ultra Short Term Debt FundUTI Floating Rate Fund STPUTI Treasury Advantage Fund
NILUpto 180 Days 1%NILNILUpto 3 Months 0.50%NILUpto 90 Days 0.50%NILNILNILNILNILUpto 3 Months 0.25%NILUpto 60 Days 0.50%Upto 1 month 0.50%Upto 7 days 0.50%NILUpto 1 Month 0.25%NILUpto 6 Months 0.50%Upto 3 Days 0.15%NILNILNILNILNILNILNILUpto 7 Days 0.25%Upto 3 Months 0.50%NILNILNILNIL
1000050005000500050005000500050001000050005000500050005000500050005000500
10000010000050005000500050001000500010000500050001000010000100005000500010000
Min AmtRs.
MONEY MANAGER & FLOATINGRATE FUND EXIT LOAD
Birla SunLife Freedom Fund / BSL 95 FundCanara Robeco Balanced FundDSP BlackRock Balanced FundFranklin India Balanced FundHDFC Balance Fund / Prudence FundICICI Pru Balanced FundING Balanced FundJM Balanced Fund
1% upto 1 year1% upto 1 year1% upto 1 year1% upto 1 year1% upto 18 months1% upto 18 months1% upto 91 days1% upto 1 year
50005000100050005000500050005000
Min. Inv.Amt.
BALANCED FUNDS EXIT LOAD
Kotak Balanced FundLIC Nomura Balanced FundPrincipal Balanced FundReliance Reg. Savings Balanced PlanSBI Magnum Balanced FundSundaram Balanced FundTata Balanced FundFranklin India Pension PlanUTI Balanced Fund
1% upto 1 year1% upto 1 year1% upto 1 year1% upto 1 year1.5% upto 18 months1% upto 1 year1% upto 540 days3% before age of 58 yrs (3-yr lock-in)1% upto 1 year
5000100050005005000500050005005000
Min. Inv.Amt.
BALANCED FUNDS EXIT LOAD
13
-
Funds Snapshot
Large Cap Funds
05-Jan-1030-Aug-0228-Feb-0824-Oct-0523-Sep-0421-Oct-0828-Aug-0321-Aug-1010-Jun-1016-May-0010-Mar-0321-Jan-0301-Dec-9321-Feb-0007-Nov-1201-Jan-9511-Sep-0018-Feb-9406-Apr-0511-Oct-9624-Sep-0710-Dec-0224-Feb-0425-May-0828-May-0909-Jul-9815-May-1227-Jun-0509-Jun-0616-Mar-0610-Feb-1225-Mar-9701-Dec-9423-Sep-0814-Jun-0729-Dec-9809-Sep-0417-Sep-0916-May-0523-Oct-0716-Apr-9801-Sep-9913-May-1306-Dec-1011-Nov-0530-Mar-0618-Apr-0821-Aug-0904-Oct-0709-Aug-0730-Aug-0231-Jul-0917-Feb-0614-Jul-9901-Jan-9124-Apr-9730-Jul-0225-Feb-9307-May-9828-Feb-9529-Jan-9418-May-92
CNX NIFTYS&P BSE 200S&P BSE 200
CNX NIFTYCNX NIFTYCNX NIFTY
S&P BSE 200S&P BSE 100S&P BSE 200
CNX 500S&P BSE 100
CNX NIFTYS&P BSE SENSEX
S&P BSE 200CNX 500CNX 500
S&P BSE SENSEXS&P BSE SENSEX
CNX 500S&P BSE 200S&P BSE 200S&P BSE 200S&P BSE 500
CNX NIFTYS&P BSE 100
CNX NIFTYCNX 100
S&P BSE 200CNX NIFTY
S&P BSE 200CNX NIFTY
S&P BSE 200S&P BSE SENSEX
S&P BSE 500S&P BSE 200
CNX NIFTYCNX 500CNX 200
S&P BSE 200S&P BSE 100
S&P BSE SENSEXS&P BSE SENSEX
CNX NIFTYCNX NIFTY
S&P BSE 100CNX NIFTYCNX NIFTYCNX NIFTY
S&P BSE 100S&P BSE 100
CNX NIFTYCNX NIFTY
S&P BSE 100S&P BSE 100
CNX NIFTYS&P BSE 200
CNX NIFTYS&P BSE 200
S&P BSE SENSEXS&P BSE 100S&P BSE 200S&P BSE 100
2.69%2.21%2.86%2.69%2.75%2.58%2.70%2.96%2.78%2.66%2.25%2.96%2.18%2.76%2.87%2.18%2.46%2.33%2.80%2.23%2.90%2.59%2.75%2.20%2.95%2.52%2.87%2.85%2.79%2.90%2.85%2.81%2.93%2.84%2.57%2.62%2.62%2.49%2.27%2.77%2.65%2.81%2.75%3.06%2.53%2.43%2.93%2.92%2.91%2.93%2.79%2.84%2.56%2.62%2.67%2.82%2.71%2.72%2.66%2.97%2.85%2.23%
1323.727377.56140.85989.20494.27904.68767.92124.66277.45802.823430.0481.61
5752.76329.29102.46
17295.021195.481269.92345.19
13543.0467.49639.77374.808013.64111.031372.05115.62184.81311.50144.3512.60168.9534.77148.17224.85699.54645.471290.642520.27351.10312.9879.02222.6960.52315.171119.1239.9224.1950.7246.717.250.75
1265.942146.171250.92380.00439.83542.20772.1425.96196.813780.45
19.31157.0416.5342.1963.2527.5392.3917.0416.57140.22156.21120.60338.0053.6817.80468.44132.2088.5043.48344.9013.36148.1063.4628.6322.99235.6918.1429.8224.0526.9914.2120.1053.0521.1221.61163.7878.4522.1959.8920.0140.8519.9815.0312.5345.3822.5319.7619.7020.4721.95119.8916.3726.3485.2572.10127.87124.54142.54158.2359.6489.8199.00
25.86%15.21%-1.53%37.85%32.08%346.80%4.49%2.24%8.09%37.53%3.86%24.82%8.15%3.51%-1.35%10.60%2.56%2.31%3.28%5.80%-1.50%3.18%44.18%12.73%76.94%29.44%17.79%1.91%0.95%0.36%50.90%-0.51%-1.22%3.16%4.14%5.34%0.22%45.21%8.19%4.14%2.16%6.05%26.92%2.20%2.01%1.90%-1.41%10.00%11.15%31.73%-4.61%-2.60%18.31%1.49%4.87%
111.25%-1.47%8.51%7.15%4.55%5.16%11.89%
34.5420.2827.5718.4228.2523.5124.6531.7934.0223.1434.2729.5931.1031.9417.0334.9334.7639.9631.4830.9928.6228.5724.2329.5934.0334.5323.1927.11
31.9035.2723.2231.1926.9836.5328.5532.8225.5725.1025.6424.1229.6035.6938.6233.1629.4930.9939.6940.2435.4333.3528.6432.2723.2327.2235.5926.3331.1319.4725.9122.8226.1625.95
51.3634.5150.9229.7443.3639.3537.9149.6959.0035.9451.0950.7849.1252.0927.6652.1051.9061.9548.7747.2448.2248.8540.5845.7260.1154.6442.9746.4355.6058.0939.3051.2349.1654.6746.4751.7341.6639.5641.6239.9347.7357.0566.7853.2649.2954.1466.5960.6364.0854.4347.9454.6739.4043.9756.7843.7950.6434.3142.7439.0340.5040.02
8.48%8.04%11.66%9.24%5.89%5.20%6.29%5.71%9.34%7.43%6.76%6.26%7.54%11.31%10.29%5.73%5.98%4.54%6.61%6.69%3.04%6.27%8.91%6.51%5.85%4.22%6.96%5.68%3.51%4.78%6.20%7.99%6.19%8.41%8.18%8.13%10.30%12.04%9.09%8.10%8.46%7.75%8.38%6.28%6.15%7.58%2.92%5.18%2.56%6.76%3.49%3.66%6.77%9.22%8.28%4.40%4.05%9.56%6.01%7.09%6.76%7.47%
Scheme NameDate of
Inception^Expense
Ratio % Corpusin crs
NAV(Rs)
As on31st Dec 2014
BenchmarkCorpus Top HoldingNAV
% Changeover a quarter
Total ofTop 5
% Exposure in Holdings*
^Expense ratios as of 30th September, 2014. * Holding Data as on 30th November 14.
Total of Top 10
Infosys Ltd(7.74)HDFC Bank Ltd(5.19)Wabco-TVS India(6.15)HDFC Bank Ltd(5.05)HDFC Bank Ltd(7.13)Infosys Ltd(6.1)HDFC Bank Ltd(6.93)ICICI Bank Ltd(7.61)State Bank of India(7.22)State Bank of India(6.04)State Bank of India(10.07)ICICI Bank Ltd(7.35)Infosys Ltd(7.26)ICICI Bank Ltd(7.95)ICICI Bank Ltd(5.66)State Bank of India(10.17)Infosys Ltd(8.35)State Bank of India(9.42)State Bank of India(9.22)State Bank of India(8.99)ICICI Bank Ltd(7.69)ICICI Bank Ltd(8.29)ICICI Bank Ltd(6.75)ICICI Bank Ltd(7.96)HDFC Bank Ltd(8.22)HDFC Bank Ltd(8.4)Maruti Suzuki India(4.95)ICICI Bank Ltd(5.93)ITC Ltd(6.74)ICICI Bank Ltd(8.24)ICICI Bank Ltd(6.12)HPCL(7.23)ICICI Bank Ltd(6.16)Eicher Motors Ltd(14.13)ICICI Bank Ltd(7.62)ICICI Bank Ltd(8.19)ICICI Bank Ltd(6.95)ICICI Bank Ltd(5.89)Infosys Ltd(6.65)Infosys Ltd(5.68)ICICI Bank Ltd(8.11)ICICI Bank Ltd(9.01)Eicher Motors Ltd(9.28)ICICI Bank Ltd(7.33)ICICI Bank Ltd(7.33)State Bank of India(6.95)Infosys Ltd(8.52)HDFC Ltd(9.83)HDFC Bank Ltd(8.6)HDFC Bank Ltd(9.89)State Bank of India(7.11)HDFC Bank Ltd(7.43)HDFC Bank Ltd(6.81)ICICI Bank Ltd(6.12)ICICI Bank Ltd(7.93)Infosys Ltd(5.51)HDFC Bank Ltd(7.31)HDFC Bank Ltd(4.91)HDFC Bank Ltd(6.73)ICICI Bank Ltd(5.26)Info Edge India Ltd(6.21)Infosys Ltd(5.83)
Axis Equity FundBirla SL Frontline Equity FundBirla SL Special Situations FundBirla SL Top 100 FundBNP Paribas Equity FundBOI AXA Equity FundCanara Robeco Equity Diversified FundCanara Robeco Large Cap Plus FundDSPBR Focus 25 FundDSPBR Opportunities FundDSPBR Top 100 FundDWS Alpha Equity FundFranklin Ind. Bluechip FundFranklin India Opportunities FundGoldman Sachs India Equity FundHDFC Equity FundHDFC Growth FundHDFC Large Cap FundHDFC Premier Multicap FundHDFC TOP 200 FundHSBC Dynamic FundHSBC Equity FundHSBC India Opportunities FundICICI Pru Focused Bluechip Equity FundICICI Pru Target Returns FundICICI Pru Top 100 FundIDBI India Top 100 Equity FundIDFC Classic Equity FundIDFC Equity FundIDFC Imperial Equity FundIndiabulls Blue Chip FundJM Basic FundJM Equity FundJM Multi Strategy FundJP Morgan India Equity FundKotak 50Kotak Opportunities FundKotak Select Focus FundL&T Equity FundL&T India Largecap FundLIC Nomura Equity FundLIC Nomura Growth FundMost Foucused 25 FundPramerica Largecap Equity FundPrincipal Largecap FundReliance Focused Large Cap FundReliance Quant Plus FundReligare Invesco Business Leaders FundReligare Invesco Equity FundReligare Invesco Growth FundSahara Growth FundSahara Super 20 Fund SBI Bluechip FundSBI Contra FundSBI Magnum Equity FundSundaram Growth FundSundaram Select Focus FundTata Equity Opportunities FundTata Pure Equity FundTaurus Bonanza FundTaurus StarshareUTI Equity Fund
14
-
Mid Cap Funds
Scheme NameDate of
InceptionExpenseRatio % Corpus
in crs NAV(Rs)
As on31st Dec 2014
BenchmarkCorpus Top HoldingNAV
% Changeover a quarter
Total ofTop 5
Total ofTop 10
% Exposure in Holdings*
S&P BSE MidcapS&P BSE 200
CNX NIFTYCNX MidcapCNX MNC
S&P BSE 200CNX MidcapCNX MidcapCNX Midcap
S&P BSE SmallcapCNX Midcap
CNX 500CNX MidcapCNX Midcap
CNX SmallcapS&P BSE Midcap
CNX MidcapCNX Midcap
S&P BSE 500CNX MidcapCNX Midcap
S&P BSE MidcapCNX Midcap
S&P BSE 200CNX MidcapCNX MidcapCNX MidcapCNX MidcapCNX Midcap
S&P BSE 100S&P BSE 200
S&P BSE SmallcapS&P BSE 500CNX MidcapCNX MidcapCNX MidcapCNX NIFTY
S&P BSE 200CNX 500
S&P BSE 500S&P BSE MidcapS&P BSE Midcap
S&P BSE SmallcapS&P BSE 500
S&P BSE MidcapS&P BSE SmallcapS&P BSE SENSEX
CNX MidcapCNX MidcapCNX Midcap
18-Feb-1115-Jan-0005-Aug-0503-Oct-0227-Dec-9931-Mar-0831-May-0702-May-0611-Feb-0514-Jun-0714-Nov-0601-Dec-9313-Jan-0605-Jul-0703-Apr-0819-May-0528-Oct-0416-Aug-0426-Sep-0507-Mar-0826-Dec-0730-Mar-0724-Feb-0508-Jan-1009-Aug-0409-Jul-1024-Feb-1402-Dec-1312-Nov-0831-Mar-0527-Dec-0621-Sep-1011-Apr-0717-Mar-0819-Apr-0722-Jul-0227-Nov-0714-Sep-0908-Sep-0511-Oct-0430-Sep-9415-Apr-0509-Sep-0912-May-0630-Jul-0215-Feb-0517-May-0401-Jul-9405-Sep-9407-Apr-04
Federal Bank Ltd(4.61)Sundaram Clayton(7.41)ICICI Bank Ltd(5.77)Federal Bank Ltd(4.44)ING Vysya Bank Ltd(9.77)Federal Bank Ltd(4.96)ING Vysya Bank Ltd(4.86)Indusind Bank Ltd(3.8)Indusind Bank Ltd(3.03)Indoco Remedies Ltd(5.12)State Bank of India(7.27)Yes Bank Ltd(5.19)Yes Bank Ltd(4.73)Aurobindo Pharma Ltd(3.42)Bank of Baroda(2.95)CCL Products(4.19)Bharat Forge Ltd(7.12)ICICI Bank Ltd(6.96)Page Industries Ltd(5.36)Gujarat Pipavav Port(4.81)Indusind Bank Ltd(3.26)Whirlpool India Ltd(3.23)Federal Bank Ltd(3.69)Infosys Ltd(4.95)Sundaram Finance(3.01)Sundaram Finance(3.43)Ajanta Pharma(8.16)Motherson Sumi Sys(3.46)Motherson Sumi Sys(3.70)HDFC Bank Ltd(5.21)United Spirits Ltd(5.29)L G Balakrishnan Bros(4.38)HDFC Bank Ltd(6.75)ING Vysya Bank Ltd(4.38)D.B.Corp(4.41)Glenmark Pharma(3.77)Ashok Leyland(6.20)Mangalam Cement(6.16)City Union Bank(5.73)P&G Hygiene HC(8.4)P&G Hygiene HC(3.79)Strides Arcolabs(3.67)D-Link (India) Ltd(8.41)UPL Ltd(4.74)FAG Bearings(6.45)Shasun Pharma(5.68)Axis Bank Ltd(4.16)Eicher Motors Ltd(4.23)Info Edge India Ltd(6.14)Eicher Motors Ltd(3.5)
2.83%3.05%2.80%2.59%2.72%2.94%3.06%2.88%3.09%2.55%2.53%2.32%2.56%2.32%2.84%2.79%2.80%2.26%2.26%2.34%2.61%2.89%2.86%3.02%2.92%2.60%2.79%3.14%2.53%2.29%2.62%2.72%3.06%2.90%3.10%2.86%2.86%2.55%2.05%2.73%2.58%2.70%2.69%2.91%2.26%2.70%2.88%2.94%2.85%2.55%2.71%
822.4648.19221.291401.18852.49341.17169.41235.49169.291623.671621.592691.001506.558221.98614.58275.471001.837367.406482.401738.45274.78274.15327.77101.56264.30579.62224.63139.19415.709771.481953.311281.9988.75308.9389.5610.694.682.3911.00
1592.481578.28740.98144.26127.402544.68675.07553.91332.1229.63
1956.15
12.91%14.34%14.20%15.37%18.37%14.09%11.71%9.16%13.52%15.45%14.31%15.09%13.05%13.22%10.50%10.34%11.73%8.75%9.00%11.60%15.95%16.04%13.64%11.58%11.48%12.04%13.42%8.25%14.80%11.66%11.21%9.41%8.26%12.31%12.63%1.27%6.20%-0.86%4.74%9.04%10.65%12.64%19.81%8.30%11.75%17.95%12.52%12.95%8.95%10.43%
37.60%9.57%10.13%7.92%25.98%30.52%34.11%30.59%66.13%35.75%15.52%27.55%40.47%23.77%93.23%27.56%40.93%21.52%14.32%7.29%34.98%128.86%11.76%42.04%22.28%28.99%93.43%19.45%17.47%22.23%28.92%37.61%47.43%33.54%21.03%1.81%6.12%-7.36%4.66%5.43%20.37%28.13%49.57%2.32%9.69%34.82%14.91%17.81%5.78%43.71%
28.56%
24.8486.0350.43201.13502.8938.2522.9822.3455.6736.6934.97632.4136.7036.0925.6636.5867.81107.9967.4535.8417.8124.6149.9322.6581.6927.8717.4714.4464.6374.0332.0824.0929.6133.7532.9154.1914.7017.9739.1189.06124.3653.7228.7425.03314.5667.7486.7993.9328.3575.43
16.6528.2323.2420.5434.8620.6620.0317.6214.0418.1222.5518.1616.1913.3212.8717.5422.7519.3222.8721.2115.0815.2714.6919.1712.9916.2733.1213.0116.7421.7719.5417.4520.9319.8019.9916.2122.3025.7224.7034.8717.4716.8735.8121.8223.1523.6019.5317.2125.3113.4720.29
29.0046.1939.2335.7054.2537.3533.4931.3125.2231.8037.7131.4227.7124.6023.9031.0539.1830.2537.9038.5028.3727.2426.9531.5623.5628.5458.9722.8929.8938.3234.0330.2835.1835.4635.8730.1139.8847.4743.1759.7832.7231.5357.5740.4937.3837.7035.4729.8241.5822.7135.21
Axis Midcap FundBirla SL Buy IndiaBirla SL India GenNextBirla SL Midcap FundBirla SL MNC FundBirla SL Pure Value FundBirla SL Small & Midcap FundBNP Paribas Midcap FundCanara Robeco Emerging Equity FundDSPBR Micro Cap FundDSPBR Small & Midcap FundFranklin India Prima FundFranklin India Smaller Companies FundHDFC Midcap Opportunities FundHDFC Small and Mid Cap FundHSBC Midcap Equity FundICICI Pru Midcap FundICICI Pru Value Discovery FundIDFC Premier Equity FundIDFC Sterling Equity FundJP Morgan India Mid & Small cap FundKotak Emerging Equity FundKotak Midcap FundL&T India Value FundL&T Midcap FundMirae Asset Emerging Bluechip FundMost Foucused Midcap 30 FundPramerica Midcap Opportunities FundPrincipal Emerging Bluechip FundReliance Equity Opportunities FundReliance Long Term Equity FundReliance Small Cap FundReligare Invesco Contra FundReligare Invesco Mid N Small Cap FundReligare Invesco Midcap FundSahara Midcap FundSahara R.E.A.L. FundSahara Star Value FundSahara Wealth Plus Fund VariableSBI Emerging Business FundSBI Magnum Global FundSBI Magnum MidCap FundSBI Small & Midcap FundSundaram Rural India FundSundaram Select MidcapSundaram SMILE FundTata Equity P/E FundTata Midcap Growth FundTaurus Discovery FundUTI Midcap FundAverage
Funds Snapshot
Large Cap Funds
30-Jul-07
30-Jan-06
19-Sep-86
16-Jul-05
20-May-09
CNX 500
CNX NIFTY
S&P BSE 100
S&P BSE 100
S&P BSE 100
2.61%
2.33%
2.17%
2.22%
2.53%
2.66%
319.39
1756.64
2934.08
5103.05
684.68
19.62
24.46
87.45
48.06
47.02
-0.03%
10.87%
5.59%
8.53%
4.68%
17.38%
28.14
27.56
27.55
30.12
28.56
29.43
45.94
47.06
46.22
48.96
46.07
48.11
4.53%
5.53%
7.96%
5.08%
7.18%
Scheme NameDate of
InceptionExpenseRatio % Corpus
in crs NAV(Rs)
As on31st Dec 2014
BenchmarkCorpus Top HoldingNAV
% Changeover a quarter
Total ofTop 5
% Exposure in Holdings*
Total of Top 10
Infosys Ltd(7.38)
ICICI Bank Ltd(6.72)
HDFC Bank Ltd(7.48)
Infosys Ltd(6.97)
HDFC Bank Ltd(7.35)
15
UTI India Lifestyle Fund
UTI Leadeship Equity Fund
UTI Mastershare Fund
UTI Opportunities Fund
UTI Top 100 Fund
Average
-
Funds Snapshot
Blend Funds
Scheme NameDate of
InceptionExpenseRatio % Corpus
in crs NAV(Rs)
As on31st Dec 2014
BenchmarkCorpus Top HoldingNAV
% Changeover a quarter
Total ofTop 5
Total ofTop 10
% Exposure in Holdings*
CNX NIFTYCNX 100
S&P BSE 200CNX 500
S&P BSE 200CNX 500
S&P BSE 200CNX 200
CNX NIFTYCNX 500
S&P BSE 200CNX NIFTYCNX 500CNX 500CNX 500CNX 500
S&P BSE 200S&P BSE 200S&P BSE 200S&P BSE 200
CNX 500S&P BSE 200S&P BSE 200S&P BSE 200
CNX 500S&P BSE 100
CNX Div Opp IndexS&P BSE 100
S&P BSE SENSEXS&P BSE 100S&P BSE 100
CNX NIFTYS&P BSE 100
CNX CommoditiesS&P BSE 200S&P BSE 200CNX Midcap
CNX 500S&P BSE SENSEXCNX 500 ShariahS&P BSE SENSEX
S&P BSE 100CNX MNC
29-Jun-1212-Sep-0324-Feb-9526-Feb-0327-Aug-9802-Mar-9503-Oct-1224-Feb-0314-Sep-0929-Apr-9729-Jan-0420-May-0902-Mar-0526-Jul-0729-Sep-9401-Feb-9417-Sep-0421-Mar-0723-Feb-0601-Oct-9427-Jul-0521-Aug-1422-May 0604-Apr-0828-Apr-1422-Jun-0715-Oct-0425-Oct-0013-Mar-0608-Oct-9509-Jun-0509-Aug-0708-Oct-9524-Aug-0514-Oct-0528-Feb-9328-Feb-0728-Sep-0424-May-9606-Apr-0902-Sep-9601-Jun-0515-Apr-98
ICICI Bank Ltd(8.16)HDFC Bank Ltd(6.58)Eicher Motors Ltd(5.57)ICICI Bank Ltd(9.51)HDFC Bank Ltd(6.64)Cummins India Ltd(9.12)HDFC Bank Ltd(4.43)HDFC Bank Ltd(7.4)ICICI Bank Ltd(9.55)State Bank of India(7.96)ICICI Bank Ltd(5.52)HCL Tech Ltd(5.26)Yes Bank Ltd(8.8)Axis Bank Ltd(5)ICICI Bank Ltd(5.6)Infosys Ltd(7.02)State Bank of India(9.37)ICICI Bank Ltd(8.49)Gateway Distriparks(8.15)HDFC Bank Ltd(8.69)ICICI Bank Ltd(8.36)ICICI Bank Ltd(4.81)Infosys Ltd(4.53)ICICI Bank Ltd(7.2)Eicher Motors Ltd(7.94)Infosys Ltd(10.41)Hero MotoCorp(5.62)ICICI Bank Ltd(5.0)HDFC Ltd(6)HCL Tech Ltd(5.18)ICICI Bank Ltd(5.1)HDFC Bank Ltd(7.2)Infosys Ltd(8.41)NTPC Ltd(8.56)State Bank of India(6.31)HDFC Bank Ltd(5.54)Infosys Ltd(5.13)ICICI Bank Ltd(6.37)TCS Ltd(5.94)Info Edge India Ltd(6.15)Tata Chemicals Ltd(13.96)ICICI Bank Ltd(6.76)Maruti Suzuki India(7.48)
3.16%3.01%2.85%2.44%2.56%2.97%3.04%2.87%2.98%2.30%2.39%2.86%2.34%2.58%2.28%2.76%2.81%2.74%2.83%2.60%3.01%2.86%2.64%2.53%2.32%2.81%2.67%2.52%1.25%2.23%2.30%2.53%2.25%2.91%2.76%2.59%2.90%2.76%3.04%2.86%2.68%2.17%2.81%2.65%
180.29259.10393.021242.441574.9786.10278.5792.45102.852415.81125.6051.04
2254.101134.243278.65680.42292.4949.40149.29771.86123.73682.75845.32769.31659.04148.80126.96382.01385.885342.822636.361010.793361.55247.91458.171351.93123.51318.47229.3923.42561.723275.82538.80
9.81%9.09%13.04%10.86%8.58%4.92%10.70%6.85%17.09%9.57%6.60%6.33%11.15%15.02%11.28%8.73%5.23%5.67%15.73%7.43%8.75%12.86%9.54%7.07%13.23%11.50%6.48%6.39%3.93%7.23%12.25%10.16%9.94%-0.37%10.26%7.97%10.15%9.68%5.58%3.18%5.89%7.34%12.46%
38.24%2.40%
-11.33%10.90%33.71%10.81%62.02%23.22%5.26%6.42%
-38.89%18.07%12.04%39.99%18.71%13.41%1.73%1.94%2.59%12.86%6.50%
214.02%14.01%23.32%121.79%4.82%4.80%3.89%15.15%7.89%4.73%11.21%9.86%
-10.26%7.15%-4.04%2.59%4.33%16.14%7.04%5.89%3.05%30.43%
17.87%
16.9076.07278.11142.99462.75102.3725.8732.6024.8727.3155.0524.5359.1628.48417.60195.8458.8816.3318.42193.9634.8311.5334.1631.0315.3423.0836.0093.2338.08756.8051.0823.30431.2924.3430.60143.9521.9356.30120.5038.26185.1148.92134.28
32.3125.2623.6429.5624.4234.1218.4124.7532.7424.4024.5022.7132.3423.2523.9726.4731.9929.9432.7727.5027.3019.1718.6626.9935.0541.5624.0717.8925.5924.4222.1427.6332.4934.6123.9324.3420.5225.0120.9725.2952.7525.1729.9127.22
54.7540.7140.1843.7740.3957.9230.0439.0650.6338.2541.9837.0848.0240.5839.1842.8249.7546.5854.4343.1240.1630.5834.7740.9063.6163.3440.9930.2444.2741.0938.6848.8352.6155.7839.2641.6335.5642.3138.0141.1778.4541.0246.8844.40
Axis Focused 25 FundBaroda Pioneer Growth FundBirla SL Advantage FundBirla SL Div Yield PlusBirla SL Equity FundBirla SL India Opportunities FundBirla SL Long Term Advantage FundBNP Paribas Div Yield FundCanara Robeco F.O.R.C.E FundDSPBR Equity FundDWS Investment Opportunities FundEdelweiss Div Growth Equity Top 100 FFranklin India Flexicap FundFranklin India High Growth CompaniesFranklin India Prima PlusHDFC Capital Builder FundHDFC Core & SateIlite FundHSBC Dividend Yield Equity FundHSBC Progressive Theme FundICICI Pru Top 200 FundKotak Classic Equity FundL&T Business Cycles FundL&T India Special Situations FundMirae Asset India Opportunities FundMOSt Focused Multicap 35 FundPineBridge India Equity FundPrincipal Div Yield FundPrincipal Growth FundQuantum Long Term Equity FundReliance Growth FundReliance Regular Saving - Equity PlanReliance Top 200 FundReliance Vision FundSBI Magnum COMMA FundSBI Magnum Multicap FundSBI Magnum Multiplier Plus 93Sundaram Equity Multiplier FundTata Div Yield FundTata Ethical FundTaurus Ethical FundTempleton India Growth FundUTI Div Yield FundUTI MNC FundAverage
Index Funds
Scheme NameDate of
InceptionExpenseRatio % Corpus
in crs NAV(Rs)
As on31st Dec 2014
Corpus NAV
% Changeover a quarter
TopHolding
Total ofTop 5
% Exposure in Holdings*
Birla Sun Life Index FundFranklin India Index FundHDFC Index FundICICI Pru Index FundLIC Nomura Index FundPrincipal Index FundReliance Index Fund NiftySBI Magnum Index FundTata Index Fund Nifty AUTI Nifty Index FundHDFC Index FundHDFC Sensex PlusLIC Nomura Index FundReliance Index Fund SensexTata Index Fund Sensex AAverage
Index Fund based on Nifty
Index Fund based on Sensex
18-Sep-0227-Aug-0117-Jul-0226-Feb-0214-Nov-0227-Jul-9901-Oct-1004-Feb-0225-Feb-0314-Feb-0017-Jul-0217-Jul-0214-Nov-0201-Oct-1025-Feb-03
0.65%1.06%0.50%0.76%1.75%1.00%0.93%2.34%1.77%1.06%0.30%1.06%1.75%0.94%1.77%1.18%
662.93204.9392.4184.6914.3814.0934.6038.416.26
177.2875.08118.4413.733.686.18
80.9165.2072.4178.7345.9656.9213.8070.0649.2051.90233.43358.7551.6413.4666.48
-23.34%21.67%9.59%3.22%-9.39%4.99%1.41%34.96%2.12%6.00%11.89%6.30%
-13.86%-2.65%3.87%3.79%
6.537.237.217.197.267.257.246.917.277.198.297.148.478.238.35
30.2433.5033.2033.3433.5733.6533.5631.9033.6333.3738.4032.8238.8038.0338.7034.45
49.6955.0654.6054.7755.0955.2855.1452.5355.2254.8064.6555.0465.2264.1665.2957.10
3.79%3.81%3.85%3.86%3.59%3.87%3.89%3.56%3.62%3.99%3.28%4.05%2.95%2.98%2.94%
Total ofTop 10
16
-
ELSS/Tax Saving Schemes
Scheme NameDate of
InceptionExpenseRatio % Corpus
in crs NAV(Rs)
As on31st Dec 2014
BenchmarkCorpus Top HoldingNAV
% Changeover a quarter
Total ofTop 5
Total ofTop 10
% Exposure in Holdings*
S&P BSE 200S&P BSE SENSEXS&P BSE SENSEX
S&P BSE 200CNX 200
CNX NIFTYS&P BSE 100
CNX 500CNX 500CNX 500CNX 500
S&P BSE SENSEXCNX 500
S&P BSE 200CNX 500
S&P BSE 200S&P BSE 500S&P B