EQUITY MARKET OUTLOOK - mahindramutualfund.com · Mahindra Mutual Fund Kar Bachat Yojana ... Kotak...

The sharp downward movement in long term rates came in as a surprise. However, after this sharp downward movement, the long term rates can potentially consolidate at these levels. The markets will now increasingly look at the incoming data (inflation and tax revenues) to take the next directional move. However, what may help the downwards movement in the domestic interest rate is the possibility of a continued global risk off trade, thereby creating flows towards risk off assets like US Gilts.

EQUITY MARKET OUTLOOK

FACTSHEETMARCH 2018

Midcap index has fallen by more than 10% in the last two months. Post this correction the midcap space of market has started to trade below 1+SD forward PE valuations. The probability of higher interest rate and a fear of trade war in developed market increases the propensity of volatility in flows towards emerging market, leading to higher volatility in markets. The Domestic Equity market is continuing to expect significant earnings pick up in next two years and the probability of that getting achieved is higher due to lower base effect (GST, Demon) and higher inflation (positive for earnings). In such scenarios generally market tends to reward companies who actually deliver earnings far ahead of expectation. So equities can be looked at stock specific and earnings specific. Net two months would be crucial for earnings in terms of FY18 full year numbers and the management commentary on the outlook they are seeing for the future

DEBT MARKET OUTLOOK

Mahindra Mutual Fund Kar Bachat Yojana

Mahindra Dhan Sanchay Equity Savings Yojana

Mahindra Mutual Fund Badhat Yojana

Mahindra Liquid Fund

Mahindra Low Duration Bachat Yojana

Mahindra Unnati Emerging Business Yojana

ELSS, Tax saving scheme

Scheme with portfolio mix of equity, debt and arbitrage

Diversified multi-cap multi-sector equity scheme

Liquid Fund

Low duration debt scheme

Mid Cap equity scheme

Source: Bloomberg

How to read FactsheetFund Manager: An employee of the asset management company such as a mutual fund of the insurer, who manages investments of the scheme. He is usually part of larger team of fund managers and research analysts.Application Amount for fresh Subscription: This is the minimum investment amount for a new investor in mutual fund scheme.Minimum Additional Amount: This is the minimum investment amount for an existing investor in a mutual fund scheme.SIP: SIP or systematic investment plan works on the principle of making periodic investment of a�xed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs. 500 every 15th of the month in an equity fund for a period of three years.NAV: The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.Benchmark: A group of securities, usually a market index, whose performance is used as a standard or benchmark to measures investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE 200, BSE 500, 10- year GSec.Entry Load: A mutual fund may have a sales charge or load at the time of entry and / or exit to compensate the distributor / agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment.For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs. 101. Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.Exit load: Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs. 100 and the exit load is 1%, the redemption price would be Rs. 99 per unit.Modi�ed Duration: Modi�ed duration is the price sensitivity and the percentage change in price for unit change in yield.Macaulay Duration: It measures the average time that would be taken to receive the cash �ows from the invested instrument. It is the weighted average term to maturity of the cash �ows from an instrument. Macaulay Duration is a measure of interest rate sensitivity of a �xed income instrument.

Higher the Macaulay Duration, higher would be the interest rate risk. For a detailed understanding of calculations, please refer page no 24 of SID of Mahindra Low Duration Bachat Yojana.Standard Deviation: Standard Deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

Sharpe Ratio: The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculating using standard deviation and excess return to determine reward per unit of risk. Beta: Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.

AUM: AUM or asset under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment �rm.Holdings: The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/ Securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.

Nature of Scheme: The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.

Rating Pro�le: Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating pro�le of the fund. Typically, this is a feature of debt funds.Total Expense Ratio: Weighted Average i.e. Total Expense of the month / average asset / number of days in month days in a year.

Yield to Maturity: The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held to maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.

Scheme Ready Reference

C No. 003671

( Top Ten Holdings - Issuer wise) as on March 31, 2018PORTFOLIO

AutoTata Motors LimitedMaruti Suzuki India LimitedAuto AncillariesMotherson Sumi Systems LimitedBosch LimitedWABCO India LimitedSundram Fasteners LimitedBanksHDFC Bank LimitedState Bank of IndiaICICI Bank LimitedKotak Mahindra Bank LimitedBank of BarodaCementJK Cement LimitedShree Cements LimitedConstructionSomany Ceramics LimitedConstruction ProjectSadbhav Engineering LimitedConsumer DurablesGreenply Industries LimitedConsumer Non DurablesITC LimitedMarico LimitedEmami LimitedProcter & Gamble Hygiene and Health Care LimitedBritannia Industries LimitedAsian Paints LimitedCCL Products (India) LimitedFinanceMax Financial Services Limited

6.444.222.22

6.211.941.931.400.94

20.728.714.253.052.442.27

4.002.081.92

1.991.99

2.992.99

1.981.98

9.072.222.111.991.580.550.420.20

12.483.75

This product is suitable for investors who are seeking*

Riskometer

Expense Ratio1:

Load Structure:

Regular Plan2: 2.3414%Direct Plan: 0.5333%

Date of allotment: October 18, 2016

FUND MANAGER AND EXPERIENCEFund Manager: Mr. Ratish Varier

Total Experience: 10 years

Portfolio Turnover Ratio: 1.00

Option: Dividend (Dividend Option will have onlyDividend Payout facility) and Growth

Experience in managing this fund: 1 Year 5 months (managing since October 18, 2016)

PORTFOLIO STATS

Application Amount: Rs. 500 and in multiples of Rs.500 thereafterAdditional Purchase Amount: Rs. 500 and in multiples of Rs. 500 thereafterRepurchase Amount: Rs. 500 or 50 units or account balance, whichever is lower

INVESTMENT OBJECTIVE

FUND FEATURES

The investment objective of the Scheme is to generate long term capital appreciation through a diversi�ed portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.

NAV/Unit Regular Plan (In Rs.) Direct Plan (In Rs.)

NAV AS ON March 28, 2018:

Minimum Monthly SIP Amount: Rs 500 and in multiples of Rs 500 thereafter

Minimum Quarterly SIP Amount: Rs 1,500 and in multiples of Rs 500 thereafter

Minimum Monthly SIP installments: 6

Minimum Quarterly SIP installments: 4

SCHEME DETAILS

SECTOR ALLOCATION (%) as on March 31, 2018

Average AUM for the month ending March 31, 2018 (Rs. in Cr.): 274.04

Quarterly AAUM for the month ending March 31, 2018 (Rs. In Cr.): 277.22

AUM as on March 31, 2018 (Rs. in Cr.): 278.58

Potential Capital Appreciation: Scheme invests in a diversi�ed equity portfolio thereby o�ering the investor, possibility of growing their investments.

Tax Bene�t: Investments in this scheme are entitled for tax deduction under section 80C. Possibility of saving upto Rs. 53,820/-*.

Lock-in Feature: This feature endeavors to protect your investments from impact of short term market volatility. Lock-in of only 3 years! Other traditional tax savings options may have longer holding periods.

Benchmark: Nifty 200

Issuer % of Net AssetsBajaj Finance LimitedRepco Home Finance LimitedCholamandalam Investment and Finance Company LimitedGasPetronet LNG LimitedHealthcare ServicesNarayana Hrudayalaya LimitedIndustrial Capital GoodsCochin Shipyard LimitedTD Power Systems LimitedNon - Ferrous MetalsHindalco Industries LimitedPesticidesSharda Cropchem LimitedDhanuka Agritech LimitedPetroleum ProductsReliance Industries LimitedIndian Oil Corporation LimitedPharmaceuticalsAurobindo Pharma LimitedCadila Healthcare LimitedStrides Shasun LimitedRetailingFuture Lifestyle Fashions LimitedSoftwareWipro LimitedCyient LimitedTextile ProductsArvind LimitedTransportationContainer Corporation of India LimitedCash & Net Receivables/(Payables)Grand Total

3.193.102.44

1.891.89

1.781.78

3.702.341.36

1.741.74

2.621.790.83

3.742.261.48

8.732.962.912.86

2.172.17

3.271.911.36

0.980.98

0.990.99

2.51100.00

Issuer % of Net Assets

Entry Load: N.A.Exit Load: Nil

1Excludes GST on management fee accrued2In addition to the rates mentioned a proportionate charge in respect of sales beyond T-15 cities subject to maximum of 30 bps on daily net assets has been charged in this scheme

Investors understand that their principalwill be at moderately high risk

•

•

* Investors should consult their �nancial advisers if in doubt about whether the product is suitable for them.

Long term capital appreciation

Investment predominantly in equity and equity related securities

Growth

Dividend

11.3990

10.4632

11.8001

10.8378

* Assuming investor is in the highest tax bracket and uses the entire Rs 1.5 lac limit available under Section 80C of Income Tax Act 1961 for investing in only Mahindra Mutual Fund Kar Bachat Yojana. The tax bene�t is calculated on the basis of currently applicable tax rate for gross total annual income of more than Rs 1 Crore. Please consult your �nancial /tax advisor before investing.

DIVIDEND HISTORY

10-Nov-17

10-Nov-17

Regular Dividend

Direct Dividend

1.00

1.00

10

10

12.1838

12.4808

Pursuant to payment of dividend, the NAV of the Dividend Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. For complete list of dividends, visit www.mahindramutualfund.com.

Record Date Plan(s) / Option(s)Dividend Face Value Cum-Dividend NAV

(Rs. per unit)(Rs. per unit) (Rs. per unit)

(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax bene�t)

C No. 003672

FACTSHEETMarch 2018

0.980.99

1.741.781.992.17

2.522.62

2.993.27

3.704.00

5.638.73

11.0512.4812.65

20.72

0.00 5.00 10.00 15.00 20.00 25.00Textile Products

TransportationMetals

Healthcare ServicesConstruction

RetailingCash & Cash Equivalents

ChemicalsConstruction Project

ITIndustrial Manufacturing

Cement & Cement ProductsEnergy

PharmaConsumer Goods

FinanceAutomobile

Banks

Portfolio Turnover Ratio: 3.85

15-Sep-1715-Sep-1715-Dec-1715-Dec-1721-Mar-1821-Mar-18

Regular DividendDirect DividendRegular DividendDirect DividendRegular DividendDirect Dividend

0.150.150.200.200.040.04

101010101010

10.831110.981411.015911.238410.355710.6337

( Top Ten Holdings - Issuer wise) as on March 31, 2018

COMMERCIAL PAPERIIFL Wealth Finance LimitedIndia Infoline Finance LimitedCORPORATE BONDRural Electri�cation Corporation LimitedReliance Capital LimitedHousing Development Finance Corporation LimitedTata Capital Housing Finance LimitedPower Finance Corporation LimitedIndian Railway Finance Corporation LimitedGOVERNMENT BOND7.17% GOI (MD 08/01/2028)6.79% GOI (MD 15/05/2027)6.68% GOI (MD 17/09/2031)STATE GOVERNMENT BOND7.75% Karnatak SDL (MD 01/03/2027)Cash & Cash EquivalentsMargin Fixed DepositMargin Fixed Deposit TotalCash & Net Receivables/(Payables)Grand Total

CRISIL A1+CRISIL A1+

CRISIL AAACARE AA+

CRISIL AAACRISIL AA+CRISIL AAACRISIL AAA

SOVSOVSOV

SOV

5.443.022.42

10.552.961.531.531.521.511.50

8.672.992.882.80

1.501.50

8.12

1.806.32

100.00

Issuer Rating% of Net Assets

PORTFOLIO

AutoTata Motors LimitedMaruti Suzuki India LimitedEicher Motors LimitedAuto AncillariesBosch LimitedBanksHDFC Bank LimitedThe Federal Bank LimitedBank of BarodaCementJK Cement LimitedGrasim Industries LimitedConstructionSomany Ceramics LimitedConsumer Non DurablesHindustan Unilever LimitedGlaxoSmithKline Consumer Healthcare LimitedCCL Products (India) LimitedFinanceMax Financial Services LimitedHousing Development Finance Corporation LimitedMuthoot Finance LimitedRepco Home Finance LimitedHealthcare ServicesNarayana Hrudayalaya LimitedIndustrial Capital GoodsCochin Shipyard LimitedMedia & EntertainmentEntertainment Network (India) LimitedD.B.Corp LimitedOilOil & Natural Gas Corporation LimitedPesticidesDhanuka Agritech LimitedPetroleum ProductsReliance Industries LimitedBharat Petroleum Corporation LimitedPharmaceuticalsCadila Healthcare LimitedStrides Shasun LimitedAurobindo Pharma LimitedLupin LimitedPowerNTPC LimitedPower Grid Corporation of India LimitedRetailingFuture Retail LimitedSoftwareCyient LimitedWipro LimitedHCL Technologies Limited

5.752.672.041.04

0.680.68

5.523.061.810.65

0.750.600.15

1.521.52

5.022.381.710.93

5.061.511.501.250.80

0.460.46

1.331.33

2.171.121.05

0.250.25

0.330.33

3.402.251.15

4.931.671.610.940.71

4.232.182.05

0.540.54

5.812.402.331.08


Riskometer

Expense Ratio2:

Load Structure:


Date of allotment: February 1, 2017

FUND MANAGER AND EXPERIENCEFund Manager (Equity): Mr. Ratish VarierTotal Experience: 10 years

Average Maturity^: 5.28 yearsModi�ed Duration^: 3.57Yield to Maturity1^: 7.52%

Option: Dividend (Dividend Reinvestment, Dividend Payout) and Growth

Experience in managing this fund: 1 year 2 months (managing since February 1, 2017)Fund Manager (Debt): Mr. Rahul Pal

Total Experience: 15 yearsExperience in managing this fund: 1 year 2 months (managing since February 1, 2017)

PORTFOLIO STATS

Application Amount: Rs. 1,000/- and in multiples of Re. 1/- thereafter

Additional Purchase Amount: Rs. 1,000/- and in multiples of Re. 1/- thereafter

Repurchase Amount: Rs. 1,000/- or 100 units or account balance, whichever is lower


FUND FEATURES

The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.



SCHEME DETAILS


DIVIDEND HISTORY

Average AUM for the month ending March 31, 2018 (Rs. in Cr.): 326.70Quarterly AAUM for the month ending March 31, 2018 (Rs. In Cr.): 331.99AUM as on March 31, 2018 (Rs. in Cr.): 329.42

Potential capital appreciation and wealth accumulation through regular investments in the long term.Balances the risk of equity with investments in debt and derivative securities.Flexible Asset Allocation feature in dynamic market scenarios.

^For debt component

Benchmark: 55% Nifty Index + 30% Crisil Composite Bond Fund Index+15% Crisil Liquid Fund Index

Issuer % of Net AssetsTelecom - ServicesBharti Airtel LimitedUnhedged Equity TotalThe South Indian Bank LimitedIDFC LimitedHousing Development and Infrastructure LimitedNCC LimitedTata Global Beverages LimitedRaymond LimitedMulti Commodity Exchange of India LimitedPunjab National BankThe Karnataka Bank LimitedSteel Authority of India LimitedGMR Infrastructure LimitedJaiprakash Associates LimitedJindal Steel & Power LimitedDewan Housing Finance Corporation LimitedIFCI LimitedIndiabulls Housing Finance LimitedJain Irrigation Systems LimitedEscorts LimitedDLF LimitedGranules India LimitedPTC India LimitedGujarat State Fertilizers & Chemicals LimitedHedged Equity TotalEquity and Equity Related Total

1.611.61

49.362.611.981.271.091.071.051.000.920.850.720.490.490.480.420.420.330.260.250.220.210.150.08

16.3665.72


Entry Load: N.A.Exit Load: 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of Units. Any redemption in excess of the above limit shall be subject to the following exit load: An exit load of 1% is payable if Units are redeemed/switched- out on or before completion of 12 months from the date of allotment of Units; Nil - If Units are redeemed / switched-out after completion of 12 months from the date of allotment of Units.

1Yield to maturity should not be construed as minimum return o�ered by the Scheme; 2 Excludes GST on management fee accrued; 3 In addition to the rates mentioned a proportionate charge in respect of sales beyond T-15 cities subject to maximum of 30 bps on daily net assets has been charged in this scheme

Pursuant to payment of dividend, the NAV of the Dividend Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. For complete list of dividends, visit www.mahindramutualfund.com.

Record Date Plan(s)/Option(s) Dividend Face Value Cum-Dividend NAV(Rs. per unit)(Rs. per unit) (Rs. per unit)


•

•


Long term capital appreciation and generation of income;

Investment equity and equity related instruments, arbitrage opportunities and debt and money market instruments

Growth

Dividend

10.8693

10.3726

11.1621

10.6556

Minimum Monthly SIP Amount: Rs 500 and in multiples of Re 1 thereafter

Minimum Monthly SIP Installments: 6

Minimum Quarterly SIP Amount: Rs 1,500 and in multiples of Re 1 thereafter


(An open ended scheme investingin equity, arbitrage and debt)

FACTSHEETMarch 2018

C No. 003673

0.330.46

0.540.75

1.331.52

1.612.17

3.654.23

4.935.025.06

5.525.81

6.43

0 1 2 3 4 5 6 7

ChemicalsHealthcare Services

RetailingCement & Cement Products

Industrial ManufacturingConstruction

TelecomMedia & Entertainment

EnergyPower

PharmaConsumer Goods

FinanceBanks

ITAutomobile


AutoTata Motors LimitedBajaj Auto LimitedAuto AncillariesApollo Tyres LimitedExide Industries LimitedMotherson Sumi Systems LimitedBalkrishna Industries LimitedSundram Fasteners LimitedWABCO India LimitedEndurance Technologies LimitedBanksHDFC Bank LimitedIndusInd Bank LimitedBank of BarodaState Bank of IndiaKarur Vysya Bank LimitedYes Bank LimitedCementJK Cement LimitedDalmia Bharat LimitedThe India Cements LimitedChemicalsPidilite Industries LimitedConstructionSomany Ceramics LimitedIRB Infrastructure Developers LimitedCera Sanitaryware LimitedConstruction ProjectLarsen & Toubro LimitedConsumer DurablesHavells India LimitedGreenply Industries LimitedRelaxo Footwears LimitedBlue Star LimitedConsumer Non DurablesGlaxoSmithKline Consumer Healthcare LimitedS H Kelkar and Company LimitedProcter & Gamble Hygiene and Health Care LimitedFinanceCholamandalam Investment and Finance Company LimitedHousing Development Finance Corporation LimitedMuthoot Finance Limited

2.711.361.35

10.652.591.991.921.271.220.980.68

24.227.677.243.743.101.550.92

3.551.331.211.01

1.161.16

3.142.010.930.20

1.971.97

3.891.491.320.770.31

5.152.541.531.08

9.302.311.521.49


Riskometer

Expense Ratio1:

Load Structure:


Date of allotment: May 11, 2017

FUND MANAGER AND EXPERIENCEFund Manager: Mr. Ratish Varier


Option: Dividend (Dividend Option will have Dividend Reinvestment (D) & Dividend Payout facility) and Growth (D)D-Default

Experience in managing this fund: 10 months (Managing since May 11, 2017)

Application Amount: Rs. 1,000 and in multiples of Re. 1/- thereafter

Additional Purchase Amount: Rs. 1,000 and in multiples of Re. 1/- thereafter

Redemption / Switch-outs: Rs. 1,000/- or 100 units or account balance, whichever is lower




FUND FEATURES

The investment objective of the Scheme is to provide medium to long term capital appreciation through appropriate diversi�cation and taking low risk on business quality. The diversi�ed portfolio would predominantly consist of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.



SCHEME DETAILS

SECTOR ALLOCATION (%) as on March 31, 2018Average AUM for the month ending March 31, 2018 (Rs. in Cr.): 231.57



Prudent portfolio of investments across companies and sectors.

Actively managed by professional fund managers for potential long term capital appreciation.

Opportunity to participate in successful businesses through equity market.

Benchmark: Nifty 200

Issuer % of Net AssetsMax Financial Services LimitedBajaj Finserv LimitedMulti Commodity Exchange of India LimitedBajaj Finance LimitedGasIndraprastha Gas LimitedPetronet LNG LimitedMahanagar Gas LimitedHealthcare ServicesNarayana Hrudayalaya LimitedIndustrial ProductsIFGL Refractories LimitedMedia & EntertainmentSun TV Network LimitedNon - Ferrous MetalsHindalco Industries LimitedVedanta LimitedOilOil & Natural Gas Corporation LimitedPesticidesPI Industries LimitedSharda Cropchem LimitedDhanuka Agritech LimitedPetroleum ProductsBharat Petroleum Corporation LimitedReliance Industries LimitedPharmaceuticalsStrides Shasun LimitedRetailingFuture Retail LimitedTrent LimitedServicesThomas Cook (India) LimitedTelecom - ServicesBharti Airtel LimitedTextile ProductsTrident LimitedPage Industries LimitedSRF LimitedTransportationContainer Corporation of India LimitedCash & Net Receivables/(Payables)Grand Total

1.171.020.900.89

4.791.971.940.88

1.551.55

0.180.18

1.811.81

3.491.941.55

0.740.74

2.651.010.970.67

2.431.840.59

2.002.00

1.751.020.73

1.331.33

1.421.42

3.891.851.070.97

0.830.83

5.40100.00


Entry Load: N.A.Exit Load: An Exit Load of 1% is payable if Units are redeemed / switched-out upto 1 year from the date of allotment;- Nil if Units are redeemed / switched-out after 1 year from the date of allotment

1Excludes GST on management fee accrued2In addition to the rates mentioned a proportionate charge in respect of sales beyond T-15 cities subject to maximum of 30 bps on daily net assets has been charged in this scheme


•

•


Medium to Long term capital appreciation

Investment predominantly in equity and equity related securities including derivatives

Growth

Dividend

10.4807

10.4810

10.7266

10.6988

(Multi Cap Fund- An open ended equity schemeinvesting across large cap, mid cap, small cap stocks)



FACTSHEETMarch 2018

C No. 003674

0.180.83

1.331.421.551.751.811.972.00

3.143.493.55

3.813.89

5.407.96

9.049.30

13.3624.22

0 5 10 15 20 25 30

Industrial ManufacturingTransportation

ServicesTelecom

Healthcare ServicesRetailing

Media & EntertainmentConstruction Project

PharmaConstruction

MetalsCement & Cement Products

ChemicalsTextile Products

Cash & Cash EquivalentsEnergy

Consumer GoodsFinance

AutomobileBanks



Growth

Dividend

9.4967

9.4965

9.5250

9.5322


Auto AncillariesWABCO India LimitedSundram Fasteners LimitedMRF LimitedEndurance Technologies LimitedBanksBank of BarodaKarur Vysya Bank LimitedKotak Mahindra Bank LimitedIndusInd Bank LimitedIDFC Bank LimitedCementJK Cement LimitedThe Ramco Cements LimitedCommercial Services3M India LimitedConstructionGodrej Properties LimitedPrestige Estates Projects LimitedKajaria Ceramics LimitedCera Sanitaryware LimitedConstruction ProjectGMR Infrastructure LimitedEngineers India LimitedSadbhav Engineering LimitedConsumer DurablesWhirlpool of India LimitedRelaxo Footwears LimitedConsumer Non DurablesProcter & Gamble Hygiene and Health Care LimitedColgate Palmolive (India) LimitedJubilant Foodworks LimitedGlaxoSmithKline Consumer Healthcare LimitedAvanti Feeds LimitedVarun Beverages LimitedKansai Nerolac Paints LimitedKRBL LimitedFinanceDewan Housing Finance Corporation LimitedCholamandalam Investment and Finance Company LimitedBajaj Finance LimitedGruh Finance LimitedMax Financial Services Limited

6.401.931.801.780.89

9.562.091.971.971.871.66

2.371.730.64

1.791.79

7.301.971.911.721.70

3.672.230.770.67

3.191.971.22

11.171.961.961.821.791.740.750.660.49

10.152.952.912.011.520.76


Riskometer

Expense Ratio1:

Load Structure:


Date of allotment: January 30, 2018

FUND MANAGER AND EXPERIENCEFund Manager (Equity): Mr. Ratish Varier


Option: Dividend (Dividend Option will have Dividend Reinvestment (D) & Dividend Payout facility) and Growth (D)D-Default

Experience in managing this fund: 2 months (Managing since January 30, 2018)



Repurchase Amount: Rs. 1,000/- or 100 units or account balance, whichever is lower


FUND FEATURES

The investment objective of the Scheme is to seek to generate long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and derivatives predominantly in mid cap companies. However, there can be no assurance that the investment objective of the Scheme will be achieved.

SCHEME DETAILS



Selection of focused sustainable businesses from across sectors

Potential to generate higher risk adjusted returns in the long term

Active management of portfolio with primary investments in mid-caps

Benchmark: S&P BSE Midcap Index

Issuer % of Net AssetsGasIndraprastha Gas LimitedPetronet LNG LimitedIndustrial Capital GoodsCochin Shipyard LimitedGujarat Fluorochemicals LimitedIndustrial ProductsSupreme Industries LimitedFinolex Cables LimitedAIA Engineering LimitedCummins India LimitedMedia & EntertainmentZee Media Corporation LimitedNon - Ferrous MetalsHindalco Industries LimitedPharmaceuticalsEris Lifesciences LimitedGlenmark Pharmaceuticals LimitedAlembic Pharmaceuticals LimitedAbbott India LimitedPowerTorrent Power LimitedRetailingFuture Retail LimitedFuture Lifestyle Fashions LimitedServicesThomas Cook (India) LimitedSoftwareMphasiS LimitedCyient LimitedTextile ProductsArvind LimitedSRF LimitedTransportationInterGlobe Aviation LimitedEquity Holdings TotalCash & Net Receivables/(Payables)Grand Total

4.362.371.99

3.121.981.14

5.851.971.721.210.95

1.361.36

1.631.63

7.472.752.711.510.50

1.501.50

4.942.981.96

2.182.18

3.932.001.93

3.261.881.38

1.911.91

97.112.89

100.00


Entry Load: N.A.

Exit Load: - An Exit Load of 1% is payable if Units are redeemed / switched-out upto 1 year from the date of allotment;

Nil if Units are redeemed / switched-out after 1 year from the date of allotment.

1 Excludes GST on management fee accrued2 In addition to the rates mentioned a proportionate charge in respect of sales beyond T-15 cities subject to maximum of 30 bps on daily net assets has been charged in this scheme


•

•


Long term capital appreciation;

Investment predominantly in equity and equity related securities including derivatives of mid cap companies.

(Mid Cap Fund – An open ended equity schemepredominantly investing in mid cap stocks)





FACTSHEETMarch 2018

C No. 003675



1.361.501.63

1.912.37

2.893.26

3.673.933.97

4.364.94

6.407.30

7.478.97

9.5610.15

14.36

0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00

Media & EntertainmentPowerMetals

TransportationCement & Cement Products

Cash & Net Receivables/(Payables)Textile Products

Construction ProjectIT

ServicesEnergy

RetailingAutomobile

ConstructionPharma

Industrial ManufacturingBanks

FinanceConsumer Goods


CERTIFICATE OF DEPOSIT

Axis Bank Limited

ICICI Bank Limited

Union Bank of India

Bandhan Bank Limited

The South Indian Bank Limited

IDFC Bank Limited

RBL Bank Limited

COMMERCIAL PAPER

National Bank For Agriculture and Rural Development

Manappuram Finance Limited

Piramal Enterprises Limited

Dalmia Cement (Bharat) Limited

India Infoline Finance Limited

Dewan Housing Finance Corporation Limited

Edelweiss Commodities Services Limited

Muthoot HomeFin India Limited

Housing Development Finance Corporation Limited

IIFL Facilities Services Limited

CRISIL A1+

CARE A1+

/ICRA A1+

ICRA A1+

ICRA A1+

CARE A1+

ICRA A1+

ICRA A1+

ICRA A1+

CRISIL A1+

ICRA A1+

CARE A1+

CRISIL A1+

CRISIL A1+

CRISIL A1+

ICRA A1+

ICRA A1+

ICRA A1+


Riskometer

Expense Ratio2:

Load Structure:

Regular Plan: 0.2000%Direct Plan: 0.0798%

Date of allotment: July 4, 2016

FUND MANAGER AND EXPERIENCE

Fund Manager: Mr. Rahul Pal


Average Maturity: 53.88 Days

Modi�ed Duration: 0.15

Yield to Maturity1: 7.40%

Option: Dividend (Daily and Weekly - Reinvestment) and Growth

Experience in managing this fund: 1 year, 9 months (managing since July 04, 2016)

PORTFOLIO STATS



Repurchase / Redemption Amount: Rs. 1,000/- or 1unit or account balance, whichever is lower


FUND FEATURES

The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of money market and debt instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.



SCHEME DETAILS

ASSET ALLOCATION (%) as on March 31, 2018

-7.50 - Cash & Cash Equivalents*

22.90 - Certi�cate Of Deposit

72.79 - Commercial Paper

3.12 - Corporate Bond

8.69 - Sovereign

Average AUM for the month ending March 31, 2018 (Rs. in Cr.): 2,045.05

Quarterly AAUM for the month ending March 31, 2018 (Rs. In Cr.): 2,164.90

AUM as on March 31, 2018 (Rs. in Cr.): 1,600.94

Low volatility: Relatively safer during times of high market volatility as liquid funds usually invest in Commercial Papers, Certi�cate of Deposits, CBLO/ Repos and in short term debt instruments with maturity pro�le of not more than 91 days.

Easy liquidity: Investors can invest in liquid funds even for a day.

Cash Management Tool for treasuries of any size: Optimal utilization of idle cash for cash management purposes.

Benchmark: CRISIL Liquid Fund Index

Issuer Rating

22.90

7.43

5.88

3.09

3.08

2.80

0.31

0.31

72.79

6.50

6.19

6.19

6.16

5.39

4.64

4.63

4.63

4.02

3.10

% of Net Assets

ICRA A1+

CARE A1+

CARE A1+

ICRA A1+

ICRA A1+

ICRA A1+

CRISIL A1+

CRISIL A1+

CRISIL A1+

CRISIL A1+

/CARE A1+

CRISIL A1+

CRISIL A1+

CRISIL AAA

SOV

SOV

Rating

3.10

3.09

3.08

3.08

1.86

1.56

1.55

1.54

1.24

0.62

0.31

0.31

3.12

3.12

8.69

8.07

0.62

-7.50

100.00

% of Net Assets

Dalmia Bharat Sugar and Industries Limited

Small Industries Dev Bank of India

IL&FS Securities Services Limited

SREI Equipment Finance Limited

IIFL Management Services Limited

Network18 Media & Investments Limited

Power Finance Corporation Limited

ECL Finance Limited

NRB Bearing Limited

Reliance Jio Infocomm Limited

Tata Motors Finance Limited

IIFL Wealth Finance Limited

CORPORATE BOND


TREASURY BILL

91 Days Tbill (MD 05/04/2018)

91 Days Tbill (MD 24/05/2018)

Cash & Net Receivables/(Payables)

Grand Total

Issuer


1Yield to maturity should not be construed as minimum return o�ered by the Scheme2Excludes GST on management fee accrued

Investors understand that their principalwill be at low risk

•

•


Regular income over short term

Investment in money market and debt instruments

Growth

Daily Dividend

Weekly Dividend

1121.5926

1000.4374

1009.5752

1124.3655

1000.4374

1003.1589

*Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and CBLO

FACTSHEETMarch 2018

C No. 003676

RATING PROFILE as on March 31, 2018

98.81 - AAA/A1+

8.69 - Sovereign

-7.50 - Cash & Cash Equivalents*

1Yield to maturity should not be construed as minimum return o�ered by the Scheme.2 Excludes GST on management fee accrued


CERTIFICATE OF DEPOSIT

Bandhan Bank Limited

RBL Bank Limited

COMMERCIAL PAPER

IIFL Wealth Finance Limited

IIFL Facilities Services Limited

Edelweiss Commodities Services Limited

SREI Equipment Finance Limited

JM Financial Products Limited

Indiabulls Housing Finance Limited

ICRA A1+

ICRA A1+

CRISIL A1+

ICRA A1+

CRISIL A1+

ICRA A1+

CRISIL A1+

CRISIL A1+


Riskometer

Expense Ratio2:

Load Structure:

Regular Plan: 1.0900%Direct Plan: 0.2295%

Date of allotment: February 15, 2017

FUND MANAGER AND EXPERIENCEFund Manager: Mr. Rahul PalTotal Experience: 15 years

Average Maturity: 0.52 years

Modi�ed Duration: 0.48

Macualay Duration: 6.12 monthsYield to Maturity1: 7.74%

Option: Dividend Reinvestment (Daily, weekly, Monthly), Dividend Payout (Monthly) and Growth

Experience in managing this fund: 1 Year 1 month (Managing since February 15, 2017)

PORTFOLIO STATS

Application Amount: Rs. 1,000/- and in multiples of Re. 1/- thereafterAdditional Purchase Amount: Rs. 1,000/- and in multiples of Re. 1/- thereafter

Redemption / Switch-outs Amount: Rs.1,000/- or 1unit or account balance, whichever is lower


FUND FEATURES

The investment objective of the Scheme is to provide reasonable returns, commensurate with a low to moderate level of risk and high degree of liquidity, through a portfolio constituted of money market and debt instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns



SCHEME DETAILS

ASSET ALLOCATION (%) as on March 31, 2018

RATING PROFILE (%) as on March 31, 2018

10.33 - Cash & Cash Equivalents*

34.35 - Commercial Paper

43.58 - Corporate Bond

11.74 - Certi�cate Of Deposit

11.92 - AA

77.75 - AAA/A1+

10.33 - Cash & Cash Equivalents*


Quarterly AAUM as on March 31, 2018 (Rs. in Cr.): 139.96


Positioned between liquid funds and short-term funds with respect to the risk-return matrix.Potentially better returns than that of liquid funds through strategic shifts in the maturity pro�le.Lower volatility through relatively lower duration than short term funds.Higher �exibility in asset allocation vis-à-vis liquid funds.

Benchmark: CRISIL Liquid Fund Index

Issuer Rating

11.74

7.82

3.92

34.35

7.84

7.81

7.30

3.90

3.81

3.69

% of Net Assets

CARE AA+

CRISIL AAA

CRISIL AAA

CRISIL AAA

CARE AAA

CRISIL AAA

CRISIL AA+

CARE AAA

Rating

43.58

7.97

7.92

7.91

3.98

3.97

3.95

3.95

3.93

10.33

100.00

% of Net Assets

CORPORATE BOND

Reliance Capital Limited

Power Grid Corporation of India Limited


Power Finance Corporation Limited

NHPC Limited

National Bank For Agriculture and Rural Development

Tata Capital Housing Finance Limited

Small Industries Dev Bank of India

Cash & Net Receivables/(Payables)

Grand Total

Issuer


Investors understand that their principalwill be at moderately low risk

•

•

*Investors should consult their �nancial advisers if in doubt about whether the product is suitable for them.

Regular income over short term

Investment in debt and money market instruments

Growth

Daily Dividend

Weekly Dividend

Monthly Dividend

1,069.5097

1,004.3225

1,054.1348

1,069.4893

1,081.3053

1,004.6915

1,031.8122

1081.0837

*Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and CBLO





An open ended low duration debt scheme investing in instruments such that the Macaulay

duration of the Portfolio is between 6 months and 12 months (Please refer page 29 of SID)

FACTSHEETMarch 2018

C No. 003677

Mahindra Liquid Fund- Dir - Growth

Mahindra Liquid Fund- Reg - Growth

Crisil Liquid Fund Index^

Crisil 1 Yr T-Bill Index^^

11,250

11,222

11,225

11,138

1,124.37

1,121.59

2,869.73

5,053.37

10,687

10,672

10,684

10,592

7.00%

6.85%

6.87%

6.39%

6.87%

6.72%

6.84%

5.92%

7.69%

7.60%

8.56%

9.49%

7.75%

7.72%

7.97%

9.90%

9.06%

9.21%

11.10%

14.21%

7 Days 15 Days 30 Days 1 Year SinceInception

1 Year(`)

SinceInception (`)

NAV /Index Value

(as on March 28, 2018)

^Benchmark ^Âdditional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 15-Feb-17.

Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 1,000 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Di�erent Plans i.e Regular Plan and Direct Plan under the scheme has di�erent expense structure. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.

^Benchmark ^Âdditional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 04-Jul-16.

Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 1,000 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Di�erent Plans i.e Regular Plan and Direct Plan under the scheme has di�erent expense structure. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.*Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.

Scheme Name

Performance as on March 28, 2018

Simple Annualised Returns (%) CAGR Returns (%) Value of Investment of ₹ 10,000*

Mahindra Low Duration Bachat Yojana- Dir - GrowthMahindra Low Duration Bachat Yojana- Reg - Growth

Crisil Liquid Fund Index^

Crisil 1 Yr T-Bill Index^^

10,819

10,701

10,773

10,679

1,081.31

1,069.51

2,869.73

5,053.37

10,712

10,607

10,684

10,592

7.28%

6.23%

6.87%

6.04%

7.12%

6.07%

6.84%

5.92%

1 Year SinceInception

1 Year(`)

SinceInception (`)

NAV / Index Value(as on March 28,

2018)Scheme Name

CAGR Returns (%) Value of Investment of ₹ 10,000*Mahindra Low Duration Bachat Yojana - Managed by Rahul Pal

11.80

11.40

6,737.01

13,865.57

11,811

11,407

12,001

11,875

10,600

10,350

11,253

11,186

12.17%

9.51%

13.41%

12.59%

6.00%

3.50%

12.53%

11.86%

^Benchmark ^Âdditional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 18-Oct-16.

Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Di�erent Plans i.e Regular Plan and Direct Plan under the scheme has di�erent expense structure. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Performance details of other schemes managed by Mr. Ratish Varier (Mahindra Mutual Fund Badhat Yojana and Mahindra Unnati Emerging Business Yojana ) have not been provided as these schemes have not completed 1 year.

1 Year Since Inception 1 Year (`) Since Inception (`)NAV / Index Value

(as on March 28, 2018)Scheme Name

CAGR Returns (%) Value of Investment of ₹ 10,000*

Mahindra Mutual Fund Kar Bachat Yojana- Dir - Growth

Mahindra Mutual Fund Kar Bachat Yojana- Reg - Growth

Nifty 200 Index TRI^

Nifty 50 TRI^^

Mahindra Mutual Fund Kar Bachat Yojana - Managed by Ratish Varier

11.16

10.87

8,945.24

13,865.57

11,171

10,875

11,607

11,806

10,853

10,607

11,090

11,186

10.03%

7.51%

13.72%

15.40%

8.53%

6.07%

10.90%

11.86%


Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Di�erent Plans i.e Regular Plan and Direct Plan under the scheme has di�erent expense structure. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Performance details of other schemes managed by Mr. Ratish Varier (Mahindra Mutual Fund Badhat Yojana and Mahindra Unnati Emerging Business Yojana ) have not been provided as these schemes have not completed 1 year.

1 Year Since Inception 1 Year (`) Since Inception (`)NAV / Index Value

(as on March 28, 2018)Scheme Name

CAGR Returns (%) Value of Investment of ₹ 10,000*Mahindra Dhan Sanchay Equity Savings Yojana managed by Ratish Varier and Rahul Pal

Mahindra Liquid Fund - Managed by Rahul Pal

C No. 003678

Mahindra Dhan Sanchay Equity SavingsYojana - Dir - Growth

Mahindra Dhan Sanchay Equity SavingsYojana - Reg - Growth

55% Nifty Index TRI + 30% Crisil Composite BondFund Index+15% Crisil Liquid Fund Index^

Nifty 50 TRI ^^

Performance as on March 28, 2018

Mahindra Asset Management Company Private Limited Registered O� ce: “A” Wing, 4th Floor, Mahindra Towers,Dr. G.M. Bhosale Marg, P.K. Kurne Chowk,Worli, Mumbai 400018 India

Corporate O� ce:Sadhana House, 1st Floor, 570, P.B. Marg,Worli, Mumbai - 400018, IndiaEmail: m� [email protected]: + 91 22 66526000 | Fax: +91 22 24984170Website: www.mahindramutualfund.comToll free: 1800 419 6244

CIN: U65900MH2013PTC244758

DisclaimerThe views expressed here in this document are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The views are not meant to serve as a professional guide / investment advice / intended to be an o�er or solicitation for the purchase or sale of any �nancial product or instrument or mutual fund units for the reader. This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. While utmost care has been exercised while preparing this document, Mahindra Asset Management Company Private Limited (Mahindra AMC) does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The data/statistics given in the document are to explain general market trends in the securities market, it should not be construed as any research report/research recommendation. Readers of this document should rely on information /data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. Neither Mahindra Mutual Fund, Mahindra AMC nor Mahindra Trustee Company Private Limited, its directors or associates shall be liable for any damages that may arise from the use of the information contained herein.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully

C No. 003679

SIP InvestmentPeriod

Total AmountInvested (₹)

Market Value(₹)

CAGR Returns(%)

Market Value(₹)

CAGR Returns(%)

Market Value(₹)

CAGR Returns(%)


Market Value(₹)

CAGR Returns(%)

Market Value(₹)

CAGR Returns(%)

Market Value(₹)

CAGR Returns(%)

Regular Plan Crisil Liquid Fund Index^ Crisil 1 Yr T-Bill Index^^

Direct Plan Crisil Liquid Fund Index^ Crisil 1 Yr T-Bill Index^^

SIP Performance - If you had invested Rs. 10,000 every month

Mahindra Low Duration Bachat Yojana


Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after accounting for the cash �ow by using the XIRR method (investment internal rate of return).

Note: TRI – Total Return Index. Pursuant to SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/2018/04 dated Jan 4, 2018, the performance of the scheme has been benchmarked to Total Return variant of the benchmark index.




Market Value(₹)

CAGR Returns(%)

Market Value(₹)

CAGR Returns(%)

Market Value(₹)

CAGR Returns(%)


Market Value(₹)

CAGR Returns(%)

Market Value(₹)

CAGR Returns(%)

Market Value(₹)

CAGR Returns(%)

Regular Plan Nifty 50 TRI^^

Mahindra Dhan Sanchay Equity Savings Yojana




Market Value(₹)

CAGR Returns(%)

Market Value(₹)

CAGR Returns(%)

Market Value(₹)

CAGR Returns(%)

Regular Plan Nifty 200 TRI^ Nifty 50 TRI^^


1 YearSince Inception



Market Value(₹)

CAGR Returns(%)

Market Value(₹)

CAGR Returns(%)

Market Value(₹)

CAGR Returns(%)

Direct Plan Nifty 200 TRI^ Nifty 50 TRI^^

Mahindra Mutual Fund Kar Bachat Yojana

55% Nifty Index TRI + 30% Crisil Composite Bond Fund Index+15% Crisil

Liquid Fund Index^

Direct Plan Nifty 50 TRI^^55% Nifty Index TRI + 30% Crisil

Composite Bond Fund Index+15% Crisil Liquid Fund Index^

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 18-Oct-16.


1,20,000

1,30,000

120,196

130,999

0.31%

1.35%

125,471

137,110

8.75%

9.71%

123,514

135,103

5.60%

6.95%


1,20,000

1,30,000

123,759

134,420

6.00%

6.02%

124,449

135,193

7.11%

7.08%

123,994

134,646

6.38%

6.33%


1,20,000

1,30,000

124,426

135,202

7.07%

7.09%

124,449

135,193

7.11%

7.08%

123,994

134,646

6.38%

6.33%


1,20,000

170,000

116,212

171,606

-5.92%

1.28%

123,812

185,656

6.07%

12.53%

123,514

184,406

5.60%

11.53%


1,20,000

170,000

117,696

174,766

-3.62%

3.81%

123,812

185,656

6.07%

12.53%

123,514

184,406

5.60%

11.53%

1,20,000

1,30,000

121,691

132,764

2.68%

3.75%

125,471

137,110

8.75%

9.71%

123,514

135,103

5.60%

6.95%



EQUITY MARKET OUTLOOK - mahindramutualfund.com · Mahindra Mutual Fund Kar Bachat Yojana ... Kotak...

Documents

Transcript of EQUITY MARKET OUTLOOK - mahindramutualfund.com · Mahindra Mutual Fund Kar Bachat Yojana ... Kotak...