July, 2018 INVESTOR JOURNAL KARVY’s - … · 2018. 7. 5. · » SEBI has amended mutual funds...

KARVY’s

July, 2018

INVESTOR JOURNAL

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What’s Inside

KARVY’sINVESTOR JOURNAL

Fund of the MonthMirae Asset India Equity Fund-Reg(G)

To generate long termcapital appreciation by capitalizing...July, 2018 Page 04

Market ReviewPage 01

Karvy Investment InsightPage 03

Fund of The MonthPage 04

#AskTheExpertPage 05

Associate Connect Page 06

Story of The MonthPage 07

SIP PerformancePage 08

Category Average ReturnsPage 09

Fixed Deposits SchemesPage 10

Equity Funds PerformancePage 11

Debt Funds PerformancePage 12

Global Markets at a GlancePage 13

Indices WatchPage 14

Highlights of the Month » digiSIP is an initiative through which you can complete an SIP

transaction of your clients within seven business days. CAMS has started hosting demo sessions for distributors to help them understand functions of digiSIP. In these sessions, distributors will learn how they can set up multiple SIPs for their clients through digiSIP facility. In addition, the company will explain to them the key features of digisip such as e-onboaring of clients through biometric device, data capturing from existing folio and Pan based eMandate.

» GST relief for some more time to distributors earning less than Rs.20 lakh.

» HDFC AMC will soon hit the primary market with its IPO. SEBI has given its go ahead to HDFC AMC to issue IPO.

» Bengaluru-based digital payment company, Payworld has forayed into mutual fund distribution business. The company has empanelled with Reliance Mutual Fund to distribute mutual funds.

» Alternative investment funds (AIFs) have grown substantially - by 96% in the last financial year. The commitments raised (roughly equivalent to AUM in MF parlance) increased from Rs.84,304 crore to Rs.1.65 lakh crore, shows the latest data by SEBI.

» SEBI has amended mutual funds regulations in which it has not made changes to the expense ratio slab. That means, fund houses can continue to charge up to 2.50% on equity funds and 2.25% on debt funds.

» SBI Mutual Fund claims to become the first fund house in India to implement the environmental, social & governance (ESG) framework. In fact, the fund house has repositioned SBI Magnum Equity Fund as SBI Magnum Equity ESG Fund with effect from May 16, 2018.

» MF industry adds over 12 lakh folios in May.

» Additional expense charged by mutual funds cut from 20 basis points to 5 basis points.

INVESTOR JOURNALJuly, 2018

Market Review

Rupee eyeing to 70/$ : Is this 2013 over again?

The combination of the Fed’s tightening

cycle, rising US bond yields, climbing oil

prices and renewed dollar strength has

led to a challenging environment for the Indian currency in

the past few months.

Experts don’t see the current depreciation

in rupee as a crisis situation.

Extrapolating the events of 2013 to 2018 would be erroneous, because both

the domestic and global economic environment has

changed.

1.Foreign Trade: India registered a merchandise trade deficit of USD 14.62 billion in May’18 against USD 13.80 billion in May’17, increasing by 5.56% on Y-o-Y basis. On an M-o-M basis, the trade deficit also expanded by 6.56% from USD 13.72

billion recorded in Apr’18.

The Rupee ranged between Rs.66.61 - Rs.68.39 per USD before closing at Rs.67.45 per USD in the month of May’18, vis-à-vis Rs. 66.78 per USD recorded in Apr’18.

The country’s merchandise exports was reported at USD 28.86 billion in May’18 as against USD 24.01 billion recorded in May’17, recording a strong growth of 20.20% Y-o-Y.

Non-petroleum exports, constituting around 82% of the total exports, stood at USD 23.62 billion, recording a Y-o-Y growth of 10.12% in May’18. Petroleum exports also saw a Y-o-Y surge of 105% in May’18 with exports worth USD 5.23 billion against USD 2.56 billion in May’17.

2.Inflation:

Soaring higher by 125 bps, wholesale inflation quickened to 4.43% in the month of May vis-à-vis the previous reading of 3.18% in April. While the seasonal jump in food inflation is no surprise, strong sequential pick up in Fuel and Manufactured products along with an unfavorable statistical base pushed the headline print higher.

Core WPI inched higher to 4.40% from 4.19% in Apr-18. Going

forward, surmised on expectations of strong growth momentum worldwide leading to a pickup in global demand, it is quite likely that Core WPI would sustain this upward bias.

May retail inflation edged up to 4.87%, a 29 bps rise from 4.58% registered in the previous month. Apart from the usual suspect – food items, surge in other CPI sub-components, especially services, imparted upward bias to the headline number.

3.Index of Industrial Production (IIP):

Industrial production saw a slight rise in growth of 4.9% in Apr-18 as compared to 4.4% in Mar-18. Nonetheless, contraction was observed in sequential momentum across Mining at -21.1%, Manufacturing at -11.2% and Electricity at -1.9%. In our view, even while the current IIP is lower than anticipated, it does not portray an alarming picture for now.

Among the BSE sectoral indices, S&P BSE Capital goods Index with -10.79% and S&P BSE Power Index with -10.38%were the top losers.

Amongst the NSE Sector indices NIFTY Pharma 8.79% and India VIX Index 6.71% were the top gainers.

It was a red month for the major Asian Indices as Hangseng, Taiwan, Nikkei 225 ended by -6.52% and -2.83%, -0.39% respectively. All major European indices ended in negative territory with Bovespa going down by -5.66%.

Apart from FII and MF activity, Key domestic data released in the month of June were:

1


S&P BSE SENSEXDate Close Price Points Diff %age Change

29-May-2018 34906.11

1-Jun-18 35227.26 321.15 0.92%

8-Jun-18 35443.67 216.41 0.61%

15-Jun-18 35622.14 178.47 0.50%

22-Jun-18 35689.60 67.46 0.19%

30-Jun-18 35423.48 -266.12 -0.75%

1.48%

CNX Nifty IndexDate Close Price Points Diff %age Change

29-May-2018 10614.35

1-Jun-18 10696.20 81.85 0.77%

8-Jun-18 10767.65 71.45 0.67%

15-Jun-18 10817.70 50.05 0.46%

22-Jun-18 10821.85 4.15 0.04%

30-Jun-18 10714.30 -107.55 -0.99%

0.94%

Sensex & Nifty: (Month Between 29-May-2018 to 30-Jun-2018)

MF Activity: (Month Between 01-Jun-2018 to 30-Jun-2018)Equity

Date Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)

1-Jun-18 4,929.33 4,804.25 125.08

8-Jun-18 4,916.79 4,899.75 17.04

15-Jun-18 9,507.75 11,151.88 -1,644.13

21-Jun-18 6,437.52 5,130.79 1,306.73

29-Jun-18 8,513.00 6,774.60 1,738.40

Jun-18 108,775.32 110,674.87 -1,899.55

DebtDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)

1-Jun-18 661.81 435.34 226.47

8-Jun-18 546.91 1,138.05 -591.14

15-Jun-18 303.91 765.05 -461.14

21-Jun-18 562.06 2,039.94 -1,477.88

29-Jun-18 993.33 955.49 37.84

Jun-18 15,255.21 25,260.86 -10,005.65

2

FII Activity: (Month Between 01-Jun-2018 to 30-Jun-2018)Equity

Date Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)

1-Jun-18 2,380.45 2,267.97 112.48

8-Jun-18 2,075.86 2,163.59 -87.73

15-Jun-18 3,177.17 3,176.04 1.13

21-Jun-18 2,393.61 1,777.28 616.33

29-Jun-18 2,322.10 2,390.94 -68.84

Jun-18 52,435.42 45,949.64 6,485.78

DebtDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)

1-Jun-18 7,508.09 7,120.42 387.67

8-Jun-18 13,638.66 7,422.25 6,216.41

15-Jun-18 7,965.12 6,132.23 1,832.89

21-Jun-18 12,333.06 8,109.12 4,223.94

29-Jun-18 8,617.01 7,933.32 683.69

Jun-18 180,055.56 141,397.59 38,657.97

-----------------------------------------------------------------------------------------------------------------------------------------------------------Source : ACE MF


12

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Karvy Investment Insight

Peace of mind and Wealth Creation ideas for long term

Karvy Insights brings to you investment wisdom to help our investors make sound investment decisions and reach their goals faster. These inputs may not help you become wealthy in a short span of time, but they would definitely give you peace of mind and a roadmap for your financial journey.

3

What is the ideal amount to start investing in a mutual fund?Several questions rest in a potential investor’s mind regarding the ideal amount to invest. People consider Mutual Funds as just another investment avenue. Is it really the case? Is a Mutual Fund just another investment avenue like a fixed deposit, debenture or shares of companies?

A Mutual Fund is not an investment avenue, but a vehicle to access various investment avenues.

Think of it this way. When you go to a restaurant, you have a choice to order a la carte or buffet/thali or a full meal.

Compare the full thali or the meal with a Mutual Fund, whereas individual items you order are the stocks, bonds, etc. A thali makes the choice easy, saves time and also some money.

The important thing is to start investment early, even if small, and gradually add on to your investments as your earnings increase. This gives you better prospects of better returns in the long run.


4

Discipline of investing every month with a clear principle of investing one

day income each month in the form of Sip would help in building long term sustainable saving

- A Balasubramanian @MFBALA

All the laws of reality were given to us by nature.

Man didn’t create these laws, but by understanding them we can use them to foster our own evolution and achieve our

goals.

- Ray Dalio @RayDalio

‘Tweets’ of the Month

Fund of The Month

Mirae Asset India Equity Fund-Reg(G)

Investment Objective:

To generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing in equities, equity related securities.

Portfolio:

Top 10 Companies Holdings

Name %age

HDFC Bank Ltd. 9.2

Infosys Ltd. 4.5

Reliance Industries Ltd. 4.4

ICICI Bank Ltd. 4.3

Kotak Mahindra Bank Ltd. 4.1

Larsen & Toubro Ltd. 3.7

ITC Ltd. 3.6

Housing Development Finance Corporation Ltd. 3.6

State Bank Of India 3.4

IndusInd Bank Ltd. 2.9

Top 10 Sector Wise Holding

Industry Name (%)

Bank - Private 23.6

IT - Software 7.4

Refineries 6.7

Automobiles - Passenger Cars 4.5

Bank - Public 4

Pharmaceuticals & Drugs 3.8

Engineering - Construction 3.7

Cigarettes/Tobacco 3.6

Finance - Housing 3.6

Household & Personal Products 3.4

To read the full Information, Click Here

Indicates an increase or decrease or no change in holding since last profile. Indicates an increase or decrease in holding since last portfolio.

INVEST HERE

All financial success comes from acting on a plan. A

lot of financial failure comes from reacting to the market. Nick Murray.

- Mahesh @invest_mutual

“The single most important variable for how you’ll do as an investor is how long you

can stay invested.”- Morgan Housel

- D.Muthukrishnan@dmuthuk

Investment books are great, but

actions speak louder than words. Put your knowledge into practice.. Save.Invest.Repeat.

- Ron Beaubien@RonBeaubien

Source : ACE MF

https://investment.karvyonline.com/Transactions/RegUsers.aspx?utm_source=EmailCampaignhttps://www.karvyonline.com/research/report/reports-mf-fweek


#AskTheExpert

5

Q : I am a 42-year-old housewife, and earn around Rs. 20,000 a month through tuitions. I want to start investing in mutual funds, and I can invest up to Rs. 10,000 a month. I want to save for my daughter’s wedding, which may be in 15 years. - Surjit Jha

A : As you have long term horizon of 15 years to save for your daughter marriage. You can take aggressive approach and invest in a combination of large, mid and small cap funds. You can distribute the amount in 2-3 funds. Also once you are near to your goal start moving your investments to debt asset class such as Dynamic debt funds which will give you good returns and but at the same time will not expose yourself to much risk.

Q : In an SIP, should I opt for a perpetual or a fixed tenure? - Rahul Joshi

A : In SIP, fixed tenure is to be opted when you are very clear about for how much time you want to invest and you have a goal in mind. Perpetual option is used when your duration is not fixed but still you want to save amount for your future needs. In a way, perpetual is good option as it makes saving and investing a permanent aspect. Fixed tenure Sip will stop once the term is completed, however perpetual will continue till the time you pause/stop/or cancel it. So depending on your goals you can choose any of the about two options

Have more questions? Make the best use of social media platforms like

Facebook and Twitter.

The best post will be carried out in our newsletter with your

name and photo.

using #AskTheExpert and our experts will reply to all your questions.

Post your question on

or

https://www.facebook.com/KarvyInvestment/https://twitter.com/karvyinvestment


Associate Connect

6

Viewpoint: The Balancing Act We all strive to strike a balance across various aspects of our lives – work & life, diet, spending habits etc. We value our work and our families equally, and so try to maintain a balance between the time spent at work and at home. We value health, which is why we make sure to not only consume a balanced diet but also try to strike an equilibrium between our work and workouts. Likewise, money management is our key priority area too, which we try to manage by maintaining an equilibrium between our spending and saving habits.

In nutshell, the act of balancing is integral across our routines. But does it apply equally to our investment habits too? Indians are known to be good savers globally and have a comparatively high savings rate vis-à-vis many developed countries. Sadly, however, the buck just stops here!

Despite our good savings’ habits, our investment habits are nothing to boast about. Come to think of it, how many of us allocate our investments across different asset classes to balance out asset-specific risks? Barely few…

For some it could be the paucity of time while for some others lack of awareness about other asset classes. Besides, there is also a certain degree of lethargy when it comes to financial planning, not to mention, the resistance to leave the cocoon of our respective (investment) comfort zones.

Several investors, I meet and interact with, do not tire defending the asset class they are comfortable with. And choices here are far extremes! Those comfortable with equity, for instance, seek solace only in equities while those habituated to invest in fixed income products are equally biased. What surprises me further is that there is hardly an afterthought to the repercussions of holding such biased investment theories.

In fact, many equity enthusiasts, attracted by the prospects of large returns from equity, are simply oblivious to the need of providing stability and downside protection to their high-risk equity portfolios. Likewise, the patrons of fixed income are equally unfazed when questioned about the prospects of long-term wealth creation from their simple fixed income investment set-up. Call it ignorance or indifference, but such behavioural extremities can severely impair the overall well-being of investment portfolios.

Now, it is well-known that equity is for creating wealth over long-term and fixed income for stability and consistency. But essentially it is the balance between the two asset classes that helps in maintaining an equilibrium between risk and reward matrix.

Market today is flooded with investment products, both in equity as well as in the fixed income domain. And we have always advised investors to allocate their investments to both these asset classes in proportion to their risk-taking ability. Besides, Investors who may either be unware or unsure of these offerings could also do well to consider hybrid products instead, that blend both equity and fixed income instruments in a single offering. Whatever be your choice or mode of investment, what is important is to ensure that your investment allocation evenly balances out risk and reward.

Here, I am reminded of a popular quote by the noted author Colin Wright, who once said, ‘Extremes are easy, strive for the balance’! And this is precisely what I advocate to my investors, ‘Balance it out before it’s too late, judiciously manage your portfolio, do not leave it to fate’!

Courtesy : Taher Badshah, Chief Investment Officer - Equities, Invesco Mutual funds.


Story of The Month

Once, a group of 50 people attended a seminar. Suddenly, the

speaker stopped and started giving each person a balloon.

Each one was asked to write his/her name on it using a marker

pen. Then all the balloons were collected and put in another

room.

These delegates were then let into that room and asked to find

the balloon which had their name written, within 5 minutes.

Everyone was frantically searching for their name, pushing,

colliding with each other, and there was utter chaos. At the

end of 5 minutes, no one could find their own balloon.

FINDING HAPPINESS

Now, each one was asked to randomly collect a balloon and give it to the person whose name

was written on it. Within minutes everyone had their own balloon.

MORAL OF THE STORY:

Courtesy : Karvy Learning Center

Direct Dil Se…

7

This is exactly what is happening in our lives. Everyone is frantically looking for

happiness all around, not knowing where it is. Our happiness lies in the happiness of

other people. Give them their happiness; you will find your own happiness. And this is

the purpose of human life.


SIP Performance

S&P BSE SENSEXCurrent NAV (`)

3 Year SIP 5 Year SIP

Rs.36000 Rs.60000

Profit-SIP XIRR(%) Profit-SIP XIRR(%)

Large Cap

Axis Bluechip Fund(G) 27.11 10635.33 17.59 28307.21 15.47

Principal Emerging Bluechip Fund(G) 103.80 9601.04 16.01 42433.30 21.56

Canara Rob Emerg Equities Fund-Reg(G) 90.39 9456.70 15.79 47217.97 23.46

Sundaram Large and Mid Cap Fund(G) 32.55 9279.97 15.51 31683.13 17.00

Mirae Asset Emerging Bluechip-Reg(G) 47.46 9130.44 15.28 46391.83 23.14

Multi Cap

Motilal Oswal Multicap 35 Fund-Reg(G) 25.83 8833.28 14.82 0.00 0.00

Principal Multi Cap Growth Fund(G) 137.67 8777.40 14.73 30864.56 16.64

Mirae Asset India Equity Fund-Reg(G) 46.22 8545.10 14.37 31157.22 16.77

Kotak Standard Multicap Fund(G) 32.63 8065.17 13.61 31190.93 16.78

Canara Rob Equity Diver Fund-Reg(G) 123.85 7887.53 13.33 23158.58 13.03

Mid Cap & Small Cap

L&T Midcap Fund-Reg(G) 135.19 9373.61 15.66 44128.31 22.24

Axis Midcap Fund(G) 34.09 8350.12 14.06 32492.98 17.36

HDFC Mid-Cap Opportunities Fund(G) 54.83 7746.24 13.11 36867.93 19.26

HDFC Small Cap Fund-Reg(G) 43.05 12834.58 20.89 41968.64 21.38

Reliance Small Cap Fund(G) 40.88 10860.68 17.94 53710.30 25.91

ELSS

Motilal Oswal Long Term Equity Fund-Reg(G) 17.99 13177.47 20.53 0.00 0.00

Principal Tax Savings Fund 210.21 11083.34 17.54 36411.65 18.62

L&T Tax Advt Fund-Reg(G) 55.56 10563.58 16.78 34421.42 17.78

Aditya Birla SL Tax Relief '96(G) 31.47 10335.78 16.45 38308.70 19.40

Axis Long Term Equity Fund(G) 43.48 10316.30 16.42 38323.99 19.41

Sector

SBI Banking & Financial Services Fund-Reg(G) 15.67 12711.86 20.71 0.00 0.00

SBI Consumption Opp Fund-Reg(G) 115.96 11612.17 19.07 33437.14 17.78

ICICI Pru Technology Fund(G) 55.63 11437.77 18.81 28681.53 15.65

Invesco India Financial Services Fund(G) 52.16 11321.52 18.63 36914.32 19.28

Aditya Birla SL B & F Services Fund-Reg(G) 27.39 11254.71 18.53 0.00 0.00

Index

HDFC Index Fund-Sensex(G) 310.54 8730.36 14.66 22099.05 12.51

Tata Index Fund-Sensex Plan(G) 86.26 8371.28 14.09 20573.52 11.76

Reliance Index Fund - Sensex Plan(G) 17.36 8229.85 13.87 20133.53 11.53

UTI Nifty Index Fund-Reg(G) 68.91 8111.15 13.68 21659.69 12.30

IDFC Nifty Fund-Reg(G) 21.83 8070.54 13.62 21611.03 12.27

As on 03rd Jul’18 (Funds have been arranged on 3 years performance)

8

Source : ACE MF


Category Average Returns

Category Sub Category1 Week Return

1 Month Return

3 Month Return

6 Month Return

1 Year Return

3 Year Return

5 Year Return

Since Inception

Market Cap

Large-cap -2.06 -3.49 -0.87 -6.10 6.29 8.56 15.66 10.57

Large and mid cap -2.73 -4.70 -1.42 -8.24 5.89 10.02 18.98 15.39

Mid-cap -3.32 -6.26 -4.49 -11.93 3.57 10.00 23.36 9.12

Multi-cap -2.49 -4.23 -1.10 -6.77 6.73 8.97 17.83 9.90

Small-cap -4.30 -8.82 -6.60 -15.98 2.15 12.11 26.87 9.71

Sector Funds

Banks & Financial Services -2.09 -3.37 3.51 -2.73 6.24 11.99 17.01 15.89

Energy & Power -4.60 -7.99 -8.04 -15.81 0.81 14.07 20.70 13.01

Consumption -1.54 -3.55 -1.00 -6.87 9.56 10.59 15.12 11.12

Infrastructure -4.05 -9.71 -9.01 -17.86 -0.44 6.47 16.89 6.62

Pharma & Health Care -1.80 1.28 0.92 -7.81 0.35 -2.83 12.38 10.75

Service Industry -1.63 -1.68 -1.82 -5.80 6.08 8.20 22.90 14.68

TECk 0.54 2.80 8.95 17.86 35.60 10.78 19.91 13.35

Speciality

Contra -2.66 -4.25 0.13 -5.48 12.00 10.73 18.19 15.51

Dividend Yield -3.20 -5.15 -1.79 -7.79 6.33 9.60 15.15 14.66

Global -1.00 -0.58 6.06 4.58 14.18 7.39 10.12 9.27

MNC -1.82 -2.36 0.10 -6.60 11.54 8.28 21.95 16.66

Equity Exchange Traded Funds -1.72 -1.48 4.45 -0.25 11.72 8.59 12.25 11.69

Equity Linked Savings Scheme -0.04 -3.61 -1.20 -1.24 9.02 10.83 18.23 13.48

Equity Savings Scheme -0.65 -0.84 0.40 -0.32 4.78 6.81 7.71 7.54

Focused Fund -2.26 -3.81 0.02 -6.68 7.76 9.70 17.97 8.27

Index

Nifty -1.43 -0.80 4.59 0.97 12.02 8.32 12.83 11.14

Nifty Next 50 -3.14 -5.68 -3.26 -9.97 5.72 11.84 18.63 10.89

Sensex -1.07 -0.11 6.54 3.78 14.07 8.28 12.71 12.15

Others -2.83 -4.23 -0.25 -5.56 6.00 6.91 11.88 10.70

Aggressive Hybrid Fund -1.54 -2.51 -0.15 -4.21 5.57 8.19 15.07 11.34

Balanced FundsBalanced advantage -1.20 -1.88 0.56 -3.26 5.28 9.10 14.22 10.85

Balanced hybrid -0.48 -0.26 0.96 0.46 5.18 5.04 9.14 6.18

Capital Protection Funds -0.27 0.02 1.03 0.94 4.49 6.07 8.43 5.99

Conservative Hybrid Fund -0.57 -0.77 -0.34 -0.75 3.25 7.05 9.02 8.53

Dynamic Asset Allocation -0.61 -0.78 1.74 1.12 7.45 6.98 13.59 8.82

Fund of FundsDomestic -0.88 -0.98 0.38 -0.69 4.85 8.35 11.50 10.66

Overseas -0.84 -2.06 2.85 2.64 13.64 5.29 5.77 6.15

Multi Asset Allocation -0.99 -1.66 0.31 -0.84 6.01 6.92 10.33 10.32

Gold - FOF 0.52 -1.24 0.25 3.03 3.62 3.45 2.09 0.45

Gold Exchange Traded Funds 0.22 -1.85 -1.04 4.10 4.54 3.49 2.73 4.21

Banking and PSU Fund -0.01 0.52 0.42 2.27 4.65 7.29 7.82 7.66

Corporate Bond 0.01 0.50 0.25 1.96 3.84 7.11 7.47 7.16

Credit Risk Fund 0.02 0.52 0.55 2.49 5.34 8.06 8.50 8.13

Dynamic Bond -0.21 0.07 -0.28 0.99 1.11 7.08 7.30 7.23

Fixed Maturity Plans 0.08 0.66 0.89 3.05 6.25 7.80 8.24 4.98

GiltLong Term -0.86 -0.61 -0.32 1.07 1.55 7.74 9.13 7.54

Short and Medium term -0.52 -0.36 -0.91 0.36 -1.34 6.94 6.95 7.96

Floating Rate 0.09 0.66 1.19 2.96 5.93 7.33 7.96 7.80

Duration

Long duration -0.57 -0.40 -1.05 -0.18 -0.37 6.39 7.01 8.55

Low Duration 0.10 0.70 1.32 3.14 6.21 7.33 7.93 7.52

Medium Duration -0.08 0.34 0.09 2.05 4.27 7.74 7.94 8.12

Medium to Long Duration -0.29 -0.08 -0.74 0.44 0.19 6.53 6.42 7.89

Money Market 0.13 0.70 1.63 3.41 6.66 7.29 7.99 7.47

Overnight 0.11 0.48 1.35 2.80 5.55 6.37 7.21 6.75

Short Duration 0.01 0.53 0.57 2.33 4.69 6.99 7.61 7.22

Speciality-Debt

Interval Funds - Half Yearly 0.14 0.67 1.72 3.54 6.92 7.35 7.95 8.02

Interval Funds - Monthly 0.15 0.64 1.73 3.49 6.71 6.99 7.80 7.89

Interval Funds - Quarterly 0.14 0.67 1.79 3.69 6.96 7.19 7.95 8.13

Interval Funds - Yearly 0.13 0.68 1.60 3.44 6.76 7.40 8.11 7.94

Liquid 0.13 0.61 1.71 3.46 6.83 7.13 7.92 7.20

Ultra Short Term Plan 0.12 0.68 1.53 3.31 6.44 7.44 8.15 7.16

Returns are as on 03rd Jul’18

9Source : ACE MF


Fixed Deposits Schemes

FD Name Rating IndustryInterest Rate

* (Up to)

Bajaj Finance Ltd.FAAA by CRISILICRA MAAA

Bajaj Finserv is the most diversifed non-bank in the country, the largest financier of consumer durables in India and one of the most profitable firms in the category.

8.75%

DHFL Aashray DepositPlus

CARE AAA FD, BWR FAAA

Dewan Housing Finance Ltd (DHFL) is the second housing finance company to be set up in the private sector in India.

8.90%

Gruh Finance Ltd.MAAA by ICRA, FAAAby CRISIL

GRUH Finance Ltd is subsidiary of HDFC Ltd is housing finance company (HFC) recognized by National Housing Bank.

7.75%

HDFC Ltd.FAAA by CRISIL, MAAA by ICRA

A pioneer and leader in housing finance in India, since inception, HDFC has assisted more than 4.9 million customers to own a home of their own. HDFC is the Largest mobiliser of public deposits outside the banking system and the HDFC Group has a strong asset base of over Rs.2.97 trillion and a customer base of over 42.5 million.

8.15%

HUDCO‘tAA+(ind)’ by FITCH, ‘CARE AA+(FD)’ by CARE

HUDCO is a premier techno-financing company set up in 1970 by the Government of India to accelerate the pace of housing and urban development in the country.

7.50%

ICICI Home Finance Ltd

CARE FAAA, ICRA MAAA

ICICI Home Finance Company Limited is one of the leaders in the Indian mortgage finance and realty space.

8.25%

LIC Housing Finance Ltd.

FAAA / STABLE by CRISIL

One of India’s largest housing finance companies, having nation-wide network. Consistent record of dividend payments.

7.70%

Mahindra & Mahindra Financial Services Ltd

CRISIL FAAAMahindra and Mahindra Financial Services Limited (MMFSL) commenced its journey two decades back in the rural non-banking finance industry.

8.75%

PNB Housing Finance Ltd.

FAAA by CRISILPNB Housing Finance (PNBHF) is a subsidiary of Punjab National Bank and a partner of Destimoney Enterprises Pvt. Ltd. PNBHF was incorporated in 1988 and is based in New Delhi.

8.25%

Shriram City Union Finance Ltd.

IND +AA- CARE AA FD

As a deposit-accepting non-banking financial company (NBFC), Shriram City is today India’s premier financial services company specializing in retail finance.

8.85%

Shriram Unnati Deposits

FAAA/Stable by CRISIL, MAA+/Stable by ICRA

With a track record of about 30 years in this business, STFC is among the leading organized finance provider for the commercial vehicle industry

8.85%

Sundaram Home Finance Ltd.

ICRA MAA+Sundaram BNP Paribas Home Finance combines its expertise in Home Finance with the Service Orientiation of its promoter Sundaram Finance.

7.75%

* highest rate including additional interest for Senior citizens, employees etc. wherever applicable

10


Equity Funds Performance

Scheme NameLatest

NAV (`)

Absolute CAGR

1 Year 3 Year 5 YearSINCE

INCEPTION

Diversified

L&T Emerging Businesses Fund-Reg(G) 25.65 8.73 21.70 25.59

Reliance Small Cap Fund(G) 41.28 11.47 19.66 34.82 19.96

HDFC Small Cap Fund-Reg(G) 43.26 17.97 18.93 23.32 15.37

SBI Small Cap Fund-Reg(G) 50.95 15.36 18.37 32.88 20.30

Aditya Birla SL Small Cap Fund(G) 38.19 3.97 16.73 25.73 12.73

ELSS

Motilal Oswal Long Term Equity Fund-Reg(G) 17.55 9.88 16.60 17.77

Aditya Birla SL Tax Relief '96(G) 31.16 14.06 13.07 22.33 11.79

Tata India Tax Savings Fund-Reg(G) 16.81 7.17 12.78 15.01

Principal Tax Savings Fund 203.83 8.27 12.68 20.70 16.64

Aditya Birla SL Tax Plan(G) 38.96 13.75 12.63 21.57 12.28

Sector

DSPBR Natural Res & New Energy Fund-Reg(G) 32.00 7.01 19.78 23.36 12.10

SBI Banking & Financial Services Fund-Reg(G) 15.73 13.87 17.25 14.52

Aditya Birla SL Banking & Financial Services Fund-Reg(G) 27.49 8.50 17.21 24.93

ICICI Pru Banking & Fin Serv Fund(G) 57.47 1.69 15.27 21.99 19.41

Invesco India Financial Services Fund(G) 52.56 9.07 14.14 18.89 18.12

Dividend Yield

Aditya Birla SL Dividend Yield Fund(G) 164.64 -0.60 5.66 14.35 19.96

ICICI Pru Dividend Yield Equity Fund(G) 16.68 0.78 11.40 13.21

Principal Dividend Yield Fund(G) 51.54 13.41 12.98 17.42 12.70

Templeton India Equity Income Fund(G) 46.33 10.99 10.63 15.66 13.48

UTI Dividend Yield Fund-Reg(G) 61.89 8.52 8.93 13.62 14.85

Global

ICICI Pru US Bluechip Equity Fund(G) 24.86 17.16 11.67 14.05 16.44

Franklin Asian Equity Fund(G) 22.12 12.56 10.02 10.51 7.89

Aditya Birla SL Intl. Equity Fund-B(G) 18.00 5.54 8.02 13.01 5.66

Reliance Japan Equity Fund(G) 12.36 11.42 3.53 5.66

Aditya Birla SL CEF-Global Agri-Reg(G) 23.33 10.88 2.61 5.90 9.18

Equity Index

ICICI Pru Nifty Next 50 Index Fund(G) 24.97 7.49 12.71 18.91 12.09

IDBI Nifty Junior Index Fund(G) 21.27 6.05 11.50 17.91 10.19

HDFC Index Fund-Sensex(G) 311.94 15.38 9.26 13.67 15.30

UTI Nifty Index Fund-Reg(G) 69.28 13.69 9.25 13.49 11.14

IDFC Nifty Fund-Reg(G) 21.95 13.63 9.17 13.58 10.10

(Funds has been arranged on the basis of 3 years performance)

11

Source : ACE MF


Debt Funds Performance

Scheme NameLatest

NAV (`)

Absolute CAGR


INCEPTION

Gilt Funds

SBI Magnum Constant Maturity Fund(G) 37.09 5.06 8.72 9.29 7.80

ICICI Pru Gilt Fund(G) 59.28 2.53 8.45 6.97 9.93

Reliance Gilt Securities Fund(G) 22.67 1.47 8.39 7.57 8.72

Aditya Birla SL G-Sec Fund(G) 47.81 0.80 8.34 7.63 8.75

UTI Gilt Fund-Reg(G) 38.02 1.04 8.26 8.12 8.50

Dynamic Bond

ICICI Pru All Seasons Bond Fund(G) 21.71 2.45 9.12 10.69 9.61

Franklin India Dynamic Accrual Fund(G) 61.81 6.28 8.85 8.62 8.91

Kotak Dynamic Bond Fund-Reg(G) 22.32 3.59 8.44 8.51 8.27

UTI Dynamic Bond Fund-Reg(G) 20.06 1.61 8.22 8.91 9.05

JM Dynamic Debt Fund-Reg(G) 27.30 7.27 7.98 8.38 6.91

Scheme NameLatest

NAV (`)

Absolute CAGR


INCEPTION

Balanced

Principal Balanced Fund(G) 74.91 13.09 14.95 17.33 11.57

HDFC Balanced Advantage Fund(G) 181.45 8.48 12.09 15.42 17.75

Aditya Birla SL Balanced Advantage Fund(G) 50.00 2.32 11.47 12.60 9.29

ICICI Pru Balanced Advantage Fund(G) 33.39 7.91 9.68 14.21 11.12

Reliance Balanced Advantage Fund(G) 85.04 5.01 8.61 14.06 17.10

Conservative Hybrid

ICICI Pru Regular Savings Fund(G) 39.89 4.90 9.43 11.39 10.19

Aditya Birla SL Regular Savings Fund(G) 38.14 1.94 9.09 12.61 9.95

UTI Regular Savings Fund-Reg(G) 39.72 6.65 8.55 10.90 9.95

DHFL Pramerica Hybrid Debt Fund(G) 21.44 5.77 7.98 7.42 7.41

Kotak Debt Hybrid Fund(G) 29.20 0.93 7.80 9.34 7.62

Arbitrage

Indiabulls Arbitrage Fund-Reg(G) 12.67 6.24 6.47 6.94

Edelweiss Arbitrage Fund-Reg(G) 13.13 6.09 6.28 7.03

Kotak Equity Arbitrage Scheme(G) 25.23 6.14 6.26 7.33 7.53

Reliance Arbitrage Fund(G) 18.10 6.40 6.26 7.27 8.00

L&T Arbitrage Opp Fund-Reg(G) 12.99 6.14 6.18 6.76

Gold-FOF

Invesco India Gold Fund(G) 9.47 6.03 2.54 1.59 -0.82

Axis Gold Fund(G) 9.59 5.51 1.76 0.39 -0.62

HDFC Gold Fund(G) 9.98 5.36 3.37 1.58 -0.03

SBI Gold-Reg(G) 9.64 5.25 3.09 1.76 -0.54

Canara Rob Gold Saving Fund-Reg(G) 9.08 5.11 3.04 1.32 -1.59

(Funds has been arranged on the basis of 1 year performance)

Hybrid Funds Performance

12Source : ACE MF


Global Markets at a Glance

13

Exhibit: Nifty

Exhibit: S&P 500

Exhibit: Euro Stoxx 50

Exhibit: Nikkei

Exhibit: Shanghai

Exhibit: INR

Exhibit: Dollar Index

Exhibit: Eur

Exhibit: JPY

Exhibit: CNY

Exhibit: India 10 Yr Yld %

Exhibit: US 10 Yr Yld %

Exhibit: Germany 10 Yr Yld %

Exhibit: Japan 10 Yr Yld %

Exhibit: China 10 Yr Yld %

Source: Bloomberg, Karvy Research

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2,750

2,760

2,770

2,780

2,790

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93.3

93.6

93.8

94.1

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3,440

3,450

3,460

3,470

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3,490

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0.400

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0.500

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22,500

22,600

22,700

22,800

22,900

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12-J

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109.5

109.7

109.9

110.1

110.3

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0.0460.0480.0500.0520.0540.0560.058

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3,0203,0403,0603,0803,1003,1203,140

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Indices Watch

Index NameAs on

28-May-18As on

28-Jun-18%

Change

S&P BSE 100 10963.08 10852.85 -1.01%

S&P BSE 200 4625.52 4550.15 -1.63%

S&P BSE 500 14694.60 14337.41 -2.43%

S&P BSE AUTO Index 24567.92 23678.14 -3.62%

S&P BSE BANKEX 29410.74 29126.70 -0.97%

S&P BSE Capital Goods 19070.90 17012.54 -10.79%

S&P BSE Con Durables 20967.97 19630.38 -6.38%

S&P BSE DOLLEX 30 4222.39 4175.77 -1.10%

S&P BSE FMCG 11238.39 10998.29 -2.14%

S&P BSE GREENEX 2768.60 2728.76 -1.44%

S&P BSE Health Care 13213.55 13921.76 5.36%

S&P BSE IT 13360.81 13789.58 3.21%

S&P BSE METAL Index 13637.91 12706.71 -6.83%

S&P BSE Mid-Cap 16047.36 15175.81 -5.43%

S&P BSE O & G Index 14352.04 13290.65 -7.40%

S&P BSE Power Index 2132.60 1911.30 -10.38%

S&P BSE PSU 7856.65 7140.36 -9.12%

S&P BSE Realty Index 2257.34 2028.59 -10.13%

S&P BSE SENSEX 34949.24 35037.64 0.25%

S&P BSE Small-Cap 17380.46 15730.39 -9.49%

S&P BSE TECk Index 6935.90 7098.79 2.35%

Indian Indices:

Index NameAs on

28-May-18As on

28-Jun-18%

Change

NIFTY PHARMA 8410.45 9149.40 8.79%

INDIA VIX 13.07 13.95 6.71%

NIFTY IT 13561.05 13873.80 2.31%

NIFTY SERV SECTOR 14398.50 14489.90 0.63%

Nifty Financial Services 10895.75 10949.00 0.49%

NIFTY BANK 26254.80 26324.60 0.27%

NIFTY 50 10633.30 10589.10 -0.42%

NIFTY FMCG 28706.10 28411.85 -1.03%

NIFTY 100 10983.30 10855.00 -1.17%

NIFTY 100 10983.30 10855.00 -1.17%

NIFTY CONSUMPTION 5036.10 4969.05 -1.33%

NIFTY 200 5738.80 5637.20 -1.77%

NIFTY MNC 14320.75 14054.75 -1.86%

NIFTY 500 9270.60 9036.95 -2.52%

NIFTY ENERGY 13446.55 12999.15 -3.33%

Nifty 500 Shariah 3012.95 2907.60 -3.50%

NIFTY DIV OPPS 50 2652.40 2558.90 -3.53%

NIFTY AUTO 11051.15 10632.60 -3.79%

Nifty Midcap 50 5047.35 4754.40 -5.80%

NIFTY PSU BANK 2940.05 2754.45 -6.31%

NIFTY MEDIA 3210.40 2995.25 -6.70%

NIFTY COMMODITIES 3683.90 3431.05 -6.86%

NIFTY METAL 3606.95 3346.50 -7.22%

NIFTY INFRA 3351.55 3051.85 -8.94%

NIFTY PSE 3828.95 3436.95 -10.24%

NIFTY REALTY 297.10 265.10 -10.77%

Global Indices:

Index NameAs on

28-May-18As on

28-Jun-18%

Change

CAC 40 5438.06 5275.64 -2.99%

DAX 12666.51 12177.23 -3.86%

BEL-20 3760.51 3702.24 -1.55%

Bovespa 76072.00 71767.00 -5.66%

Dow Jones 24361.45 24216.05 -0.60%

FTSE 100 7632.64 7615.60 -0.22%

Nasdaq 7396.59 7503.68 1.45%

Nikkei 225 22358.43 22270.39 -0.39%

NYSE 12442.69 12475.96 0.27%

S&P 500 2689.86 2716.31 0.98%

All Ordinaries 6121.70 6305.80 3.01%

DisclaimerThe information and views presented in this report are prepared by Karvy Stock Broking Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Stock Broking nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document.

This report is intended for a restricted audience and we are not soliciting any action based on it.

For more information on MUTUAL FUNDS call1800 425 8282 or contact your nearest Karvy branch.

Contact PersonPF/MFNL/04072018/54

Ankit ChoradiaE-mail : [email protected]

Phone : 040 3321 7132

Production: Naga Babu K

14

Source : ACE MF

July, 2018 INVESTOR JOURNAL KARVY’s - … · 2018. 7. 5. · » SEBI has amended mutual funds...

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