mutual funds report – feb 2017 - india...
TRANSCRIPT
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Table of Content Page no.
Mutual Funds for the Month 3-8
HDFC Prudence Fund 4
SBI BlueChip Fund 5
IIFL India Growth Fund 6
Franklin India Smaller Cos Fund 7
ICICI Prudential Infrastructure Fund 8
Recommended Mutual Funds – Category-wise 9-10
Snapshot of Mutual Funds Industry 11
Category-wise Return of Mutual Funds 12
Mutual Funds for the Month
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Scheme Name Fund Manager Corpus (Rs cr) 1 M (%) 6 M (%) 1 Y (%) 3 Y (%) 5 Y (%)
HDFC Prudence Fund(G) Prashant Jain 14,953 6.6 11.3 31.9 23.4 16.1
SBI BlueChip Fund(G) Sohini Andani 10,104 6.5 1.7 19.2 22.5 18.8
IIFL India Growth Fund-Reg(G) Prashasta Seth 243 8.8 5.2 31.7 NA NA
Franklin India Smaller Cos Fund(G) R. Janakiraman 4,114 8.4 8.1 31.9 37.7 30.5
ICICI Pru Infrastructure Fund(G) Sankaran Naren 1,240 9.3 10.2 30.5 23.2 11.5
Returns less than 1 year are absolute; Returns greater then 1 year are CAGR. Corpus as on : Dec 2016 ; Returns and Ratios as on February 03, 2017Source: ACE MF
Fund Benchmark CRISIL Balanced Fund - Aggressive Index AUM (Rs. cr.) 14,953
Inception Date February 1, 1994 Exit Load NIL upto 15% of investment and 1% in excess of 15% of investment on or before 1Y, NIL after 1Y
Fund Manager Prashant Jain Expense Ratio 2.27%
Fund Basic Details
Top 5 Stocks % Asset SBI 6.7Larsen & Toubro 6.7ICICI Bank 6.4Infosys 4.1Tata Steel 3.2
Top Holdings
Portfolio Characteristics
Particulars Fund
PE Ratio 22.5PB Ratio 2.9
No of Stocks 93
HDFC Prudence Fund is a balanced equity-oriented fund which has invested ~70% inequity (~50% in large cap stocks and ~20% in Mid cap and Small cap stocks) and ~30%in debt instrument.
Fund manager Prashant Jain, is the CIO of HDFC AMC and manages four funds. On anaverage his funds have given ~30% and ~22.5% CAGR returns in 1 year and 3 yearsrespectively.
From 2016, the fund is giving 1% dividend yield on a monthly basis. In last 15 years, itsaverage annual dividend yield is ~ 12%.
In last 5 years, the fund has outperformed its benchmark on yearly basis for 57% of theweeks .
SIP Details - Invested Rs 5000 Every MonthReturns
0%
10%
20%
30%
40%
1 Year 3 Years 5 YearsFundCRISIL Balanced Fund - Aggressive IndexS&P BSE SENSEX
51%
12%
10%
27%
Large Cap Mid Cap Small Cap Debt & Cash
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HDFC Prudence Fund
Asset Allocation
Period Total Investment (Rs) Scheme (Rs)
1 year 60,000 68,852
3 years 1,80,000 2,24,260
5 years 3,00,000 4,63,187
10 years 6,00,000 13,74,348
Returns less than 1 year are absolute; Returns greater then 1 year are CAGR.Portfolio as on : Dec 2016 ; Returns and Ratios as on February 03, 2017Source: ACE MF
Fund Benchmark S&P BSE 100 AUM (Rs. cr.) 10,104
Inception Date January 20, 2006 Exit Load 1% on or before 1Y, Nil after 1Y
Fund Manager Sohini Andani Expense Ratio 1.98%
Fund Basic Details
Top 5 Stocks % Asset HDFC Bank 6.5Sun Pharma Inds. 3.3Reliance Industries 3.2Larsen & Toubro 3.2Mahindra & Mahindra 3.1
Top Holdings
Portfolio Characteristics
SBI BlueChip Fund is a large-cap equity fund which has invested ~76% of its AUM inlarge cap stocks to generate stable returns while ~19% in debt instruments to cap thedownward risk.
Fund manager Sohini Andani manages three funds. On an average her funds have given~19% and ~23% CAGR returns in 1 year and 3 years respectively.
In last 5 years, the fund has outperformed its benchmark on yearly basis for 97% of theweeks .
SIP Details - Invested Rs 5000 Every MonthReturns
0%
5%
10%
15%
20%
25%
1 Year 3 Years 5 Years
Fund S&P BSE 100 S&P BSE SENSEX
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SBI BlueChip Fund
Asset Allocation
Period Total Investment (Rs) Scheme (Rs)
1 year 60,000 64,397
3 years 1,80,000 2,19,730
5 years 3,00,000 4,68,596
10 years 6,00,000 12,59,929
Particulars FundBeta 0.88PE Ratio 25.1PB Ratio 4.5No of Stocks 53
76%
5%
19%
Large Cap Mid Cap Debt & Cash
Returns less than 1 year are absolute; Returns greater then 1 year are CAGR.Portfolio as on : Dec 2016 ; Returns and Ratios as on February 03, 2017Source: ACE MF
Fund Benchmark NIFTY 50 AUM (Rs. cr.) 243
Inception Date October 30, 2014 Exit Load Nil
Fund Manager Prashasta Seth Expense Ratio 1.95%
Fund Basic Details
Top 5 Stocks % Asset HDFC Bank 9.6Power Grid Corpn. 8.5HCL Tech. 7.8Castrol India 7.2Tech Mahindra 5.3
Top Holdings
Portfolio Characteristics
Particulars FundBeta 1.09PE Ratio 22.2PB Ratio 5.4
No of Stocks 18
IIFL India Growth fund is a multi-cap equity MF which has invested 81% of its AUM inequity, particularly in large-cap companies, for capital appreciation while 19% isinvested in debt instruments to cap the downside risk.
The scheme invests in 20-25 high conviction stocks rather than typical 50-70 stocks ina mutual funds portfolio. This philosophy has generated significant alpha.
It has no exit load and lowest expense ratio in equity mutual funds, ensuring liquidityand flexibility, and higher returns to investors.
Since its inception, the fund has outperformed its benchmark on yearly basis for 99% ofthe weeks .
SIP Details - Invested Rs 5000 Every MonthReturns
0%
10%
20%
30%
40%
1 Year
Fund NIFTY 50 S&P BSE SENSEX
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IIFL India Growth Fund
Market Cap Allocation
Period Total Investment (Rs) Scheme (Rs)
1 year 60,000 68,676
3 years NA NA
5 years NA NA
81%
1%
18%
Large Cap Mid Cap Debt & Cash
Returns less than 1 year are absolute; Returns greater then 1 year are CAGR.Portfolio as on : Dec 2016 ; Returns and Ratios as on February 03, 2017Source: ACE MF
Fund Benchmark Nifty Free Float Midcap 100 AUM (Rs. cr.) 4,114
Inception Date January 13, 2006 Exit Load 1% on or before 1Y, Nil after 1Y
Fund Manager R. Janakiraman,Hari Shyamsunder Expense Ratio 2.46%
Fund Basic Details
Top 5 Stocks % Asset Finolex Cables 4.1Equitas Holdings 3.1Yes Bank 2.4Repco Home Finance 2.3Voltas 2.3
Top Holdings
Portfolio Characteristics
Particulars FundBeta 0.83PE Ratio 27.7PB Ratio 3.9
No of Stocks 73
Franklin India Small Cos Fund is a small-cap equity fund which has invested ~62% in mid-cap and mid-cap companies, ~17% in large-cap companies and ~11% in debtinstruments. It has very well diversified portfolio of 73 stocks.
Fund manager R. Janakiraman manages four funds. His funds have given an averageCARG returns of ~32% and ~38% in 1 year and 3 years respectively, best in theirrespective category.
In last 5 years, the fund has outperformed its benchmark on yearly basis for ~99% of theweeks .
SIP Details - Invested Rs 5000 Every MonthReturns
0%
10%
20%
30%
40%
1 Year 3 Years 5 Years
Fund NIFTY 50 S&P BSE SENSEX
17%
42%
30%
11%
Large Cap Mid Cap Small Cap Debt & Cash
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Franklin India Smaller Cos Fund
Market Cap Allocation
Returns less than 1 year are absolute; Returns greater then 1 year are CAGR.Portfolio as on : Dec 2016 ; Returns and Ratios as on February 03, 2017Source: ACE MF
Period Total Investment (Rs) Scheme (Rs)
1 year 60,000 68,460
3 years 1,80,000 2,52,270
5 years 3,00,000 6,31,287
10 years 6,00,000 19,65,482
Fund Benchmark Nifty Infra AUM (Rs. cr.) 1,240
Inception Date August 2005 Exit Load 1% on or before 1Y, Nil after 1Y
Fund Manager Sankaran Naren, Atul Patel Expense Ratio 2.46%
Fund Basic Details
Top 5 Stocks % Asset Bharti Airtel 8.9Power Grid Corpn. 8.6Coal India 7.9CESC 5.2NTPC 5.1
Top Holdings
Portfolio Characteristics
Particulars FundBeta 0.83PE Ratio 29.9PB Ratio 2.5
No of Stocks 38
ICICI Prudential Infrastructure Fund is an infrastructure fund which has invested ~50% ofits AUM in large cap stocks while ~44% in Mid cap and Small cap.
Fund manager Sankaran Naren, is the CIO of ICICI Pru AMC and manages six funds. Onan average his funds have given ~30% and ~23% CAGR returns in 1 year and 3 yearsrespectively.
On the back of significant government spending on infrastructure, particularly on powersector, this fund is expected to outperform the market since it has invested ~25% of itsAUM in power generation and distribution sector followed by Engineering –Construction (~12.3%) and Mining & Minerals (~9.2%).
In last 5 years, the fund has outperformed its benchmark on yearly basis for ~88% of theweeks.
SIP Details - Invested Rs 5000 Every MonthReturns
0%
10%
20%
30%
40%
1 Year 3 Years 5 Years
Fund NIFTY INFRA S&P BSE SENSEX
50%
25%
19%
6%
Large Cap Mid Cap Small Cap Debt & Cash
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ICICI Prudential Infrastructure Fund
Market Cap Allocation
Returns less than 1 year are absolute; Returns greater then 1 year are CAGR.Portfolio as on : Dec 2016 ; Returns and Ratios as on February 03, 2017Source: ACE MF
Period Total Investment (Rs) Scheme (Rs)
1 year 60,000 69,657
3 years 1,80,000 2,15,146
5 years 3,00,000 4,31,483
10 years 6,00,000 9,78,766
Recommended Mutual Funds – Category-wise
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Scheme Name Fund Manager Corpus (Rs cr) 1 M (%) 6 M (%) 1 Y (%) 3 Y (%) 5 Y (%)
Balanced Fund
HDFC Prudence Fund(G) Prashant Jain 14,953 6.6 11.3 31.8 23.4 16.1
ICICI Pru Balanced Fund(G) Sankaran Naren 5,098 5.4 10.5 29.2 22.6 18.7
Large Cap
Reliance Growth Fund(G) Sunil Singhania 5,351 8.6 7.4 27.1 25.2 16.6
SBI BlueChip Fund-Reg(G) Sohini Andani 10,104 6.5 1.7 19.2 22.5 18.8
Multi-Cap
Birla SL Equity Fund(G) Anil Shah 3,295 8.6 11.4 37.4 28.7 20.9
IIFL India Growth Fund-Reg(G) Prashasta Seth 243 8.8 5.2 31.6 NA NA
Mid-Cap
HDFC Mid-Cap Opportunities Fund(G) Chirag Setalvad 12,848 8.8 10.7 33.9 32.9 24.9
SBI Magnum MidCap Fund-Reg(G) Sohini Andani 2,971 7.4 4.7 24.0 32.0 27.6
Small-Cap
Franklin India Smaller Cos Fund(G) R. Janakiraman 4,114 8.4 8.1 31.8 37.7 30.5
Reliance Small Cap Fund(G) Sunil Singhania 2,651 8.3 16.5 31.9 40.2 29.5
Returns less than 1 year are absolute; Returns greater then 1 year are CAGR. Corpus as on : Dec 2016 ; Returns and Ratios as on February 03, 2017Source: ACE MF
Recommended Mutual Funds – Category-wise
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Scheme Name Fund Manager Corpus (Rs cr) 1 M (%) 6 M (%) 1 Y (%) 3 Y (%) 5 Y (%)
ELSS
Birla SL Tax Relief '96(G) Mahesh Patil 2,433 5.3 2.5 18.8 25.1 19.3
Reliance Tax Saver (ELSS) Fund(G) Ashwani Kumar 5,871 8.3 9.1 28.5 29.6 20.6
Debt Mutual Funds
ICICI Pru Income Opportunities Fund(G) Manish Banthia 3,779 0.6 5.5 12.5 11.6 9.8HDFC Medium Term Opportunities Fund(G) Anupam Joshi 8,574 0.9 5.3 11.5 10.3 9.7
HDFC STP(G) Anil Bamboli 3,978 0.8 5.0 10.6 10.3 9.5
Reliance Money Manager Fund(G) Amit Tripathi 17,278 0.7 4.0 8.8 8.7 9.0
Returns less than 1 year are absolute; Returns greater then 1 year are CAGR. Corpus as on : Dec 2016 ; Returns and Ratios as on February 03, 2017Source: ACE MF
Type (Rs thousand cr) Dec-16 Dec-15 Change
(yoy)
Hybrid Funds 194 140 38%
Debt Funds 988 752 31%
Equity Funds 456 385 18%
Commodity Funds 7 7 13%
Total 1,645 1,285 28%
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Category (Rs thousand cr) Dec-16 Dec-15 Change
(yoy)Income 351 247 42%
Diversified 330 283 16%
Liquid 262 236 11%
Ultra Short Term Plan 200 130 54%
Balanced Funds 123 84 47%
Fixed Maturity Plans 109 85 29%
Equity Linked Savings Scheme 53 43 22%
Floating Rate 39 27 45%
Arbitrage Funds 38 29 31%
The total AUM of mutual fund industry stood at ~Rs 16lakh crore in Dec-16 compared to Rs 12.8 lakh crore in Dec-15.
Income funds and Ultra short term funds have seensplendid growth in their AUMs in last one year. Equitybalanced funds have also seen impressive growth of 47%as more and more investors are getting aware of its taxbenefits and moderate risks.
Equity Mutual Funds have given enormous returns in lastone year, thanks to the bounce back of equity market inJanuary 2017. On an average, Equity Mutual Funds havegiven returns of ~26% in past one year. Whereas,Balanced Funds have given a return of ~20% in last oneyear.
Gilt fund and long-term debt funds continue to give goodreturns boosted by higher modified duration. The debtmutual funds will continue to give positive return in 2017,but the return will be modest as the yields has beencontracted.
The year 2017 will be a good year to start investing inequity mutual funds for long term as the market, boostedby budget 2017-18, has rebounded and heading to makenew highs.
AUM (Type wise)
AUM (Category wise)
Snapshot of Mutual Fund Industry
Source: Ace MF
Source: Ace MF
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Equity mutual funds category returns
Category 1 M (%) 3 M (%) 6 M (%) 1 Y (%) 3 Y (%) 5 Y (%)Liquid funds 0.5 1.6 3.3 7.3 8.1 8.5Ultra-short term funds 0.6 2.0 4.0 8.7 8.6 8.7Short-term funds 0.7 2.3 4.8 10.4 9.5 9.2Medium-term Funds 0.7 2.7 5.5 11.6 10.3 9.6Long-term funds 0.5 2.8 5.8 13.1 10.6 9.3Gilt Funds 0.4 3.5 6.9 16.2 12.1 9.8MIP 1.9 2.5 5.3 14.6 12.6 10.5Crisil Liquid Fund Index 0.5 1.6 3.4 7.5 8.2 8.4Crisil Composite Bond Fund 0.7 3.2 6.6 14.1 12.1 9.7
Debt mutual funds category returns
Category-wise Return of Mutual Funds
Category 1 M (%) 3 M (%) 6 M (%) 1 Y (%) 3 Y (%) 5 Y (%)Balanced - Equity-Oriented 5.2 2.2 5.2 20.6 19.0 14.9ELSS 7.5 1.9 5.2 23.4 22.3 16.4Large-cap 7.4 2.6 4.3 22.3 18.2 13.2Mid-cap 8.5 1.6 8.1 27.1 30.2 22.4Multi-cap 7.8 2.7 6.7 26.6 24.6 17.3Small-cap 7.0 1.4 9.4 28.6 34.9 25.0S&P BSE SENSEX 6.0 3.0 2.0 16.5 11.8 9.9S&P BSE Mid-Cap 8.9 2.1 6.8 30.7 28.5 17.0S&P BSE Small-Cap 9.0 1.9 11.1 27.5 29.1 14.9
Returns less than 1 year are absolute; Returns greater then 1 year are CAGR. Corpus as on : Dec 2016 ; Returns and Ratios as on February 03, 2017Source: ACE MF
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