October, 2018 INVESTOR JOURNAL KARVY’s€¦ · » Majority of the inflows during the month came...
Transcript of October, 2018 INVESTOR JOURNAL KARVY’s€¦ · » Majority of the inflows during the month came...
KARVY’s
October, 2018
INVESTOR JOURNAL
www.karvyvalue.com
What’s Inside
KARVY’sINVESTOR JOURNAL
Fund of the MonthAxis Bluechip Fund(G)
To achieve long term capitalappreciation by investing in a diversified...October, 2018
Page 05
Market ReviewPage 01
Karvy Investment InsightPage 03-04
Fund of The MonthPage 04
Readers CornerPage 05
Story of The MonthPage 06
SIP PerformancePage 07
Category Average ReturnsPage 8
Fixed Deposits SchemesPage 9
Equity Funds PerformancePage 10
Debt Funds PerformancePage 11
Global Markets at a GlancePage 12
Indices WatchPage 13
Highlights of the Month » The mutual fund AUM has touched an all-time high of Rs.
25.20 lakh crore in August. Retail investors account for Rs. 10.5 lakh crore of the total AUM. On an annual basis, investments by retail investors grew at a faster pace (36%) than the overall industry (22%).
» Majority of the inflows during the month came from liquid funds, which saw Rs. 1.71 lakh crore of inflows. Category-wise income funds (Rs. 6,520 crore), gilt funds (Rs. 283 crore), arbitrage funds (Rs. 2,452 crore) and gold ETF (Rs. 45 crore) reported net outflows during the month. Equity funds, which include pure equity, balanced, ELSS and ETFs, saw inflows of Rs. 12,790 crore.
» The month of August saw 10.8 lakh new folios being added. The monthly trend was in line with the annual data. Equity funds saw majority of the inflows.
» In percentage terms, liquid funds saw the highest increase in folios (48.19%) followed by equity funds (30%). On the other hand, gilt funds recorded a 30% decline in their total folio count.
» After remaining constant at Rs. 7,554 crore in June and July, SIP flows increased by 104 crore in August to touch Rs. 7,658 crore. On a year on year basis, SIP flows have grown by 47% compared to last year.
» On September 19, the finance ministry has hiked rates of Public Provident Fund Scheme (PPF), Senior Citizen Savings Scheme (SCSS), National Savings Certificates (NSC), Post Office Monthly Income Scheme Account (MIS), Sukanya Samriddhi Yojana (SSY), Post Office Recurring Deposit Account (RD) and Kisan Vikas Patra (KVP) by 0.4%.
» This will take the PPF and NSC interest to 8%, MIS interest to 7.7%, SSY interest to 8.5% and SCSS interest to 8.7%. In addition, government has hiked interest on Post Office Savings Deposit Account by 0.3-0.4% depending on the tenure.
» Investing in schemes of Karvy serviced fund houses just got simpler. Karvy Computershare has introduced an additional mode of payment in its mutual fund app KTrack through which your clients can execute transactions in mutual funds through e-payment wallets like Unified Payment Interface (UPI).
INVESTOR JOURNALOctober, 2018
Market Review
1.Foreign Trade: India registered a merchandise trade deficit of USD 17.40 billion in Aug’18 against USD 12.71 billion in Aug’17, increasing by 36.90% on Y-o-Y basis. On an M-o-M basis, the trade deficit contracted a bit by 3.44% from USD 18.02 billion recorded in Jul’18.
The Rupee ranged between Rs.68.36 - Rs.70.93 per USD before closing at Rs.70.93 per USD in the month of Aug’18, vis-à-vis Rs.68.61 per USD recorded in Jul’18.
The country’s merchandise exports was reported at USD 27.84 billion in Aug’18 as against USD 23.36 billion recorded in Aug’17, recording a strong growth of 19.18% Y-o-Y.
Non-petroleum exports, constituting around 86% of the total exports, stood at USD 24.02 billion, recording a Y-o-Y growth of 20.33% in Aug’18. Petroleum exports also saw a Y-o-Y surge of 12.38% in Aug’18 with exports worth USD 3.82 billion against
USD 3.40 billion in Aug’17.
2.Inflation:
Falling by 56 bps, August Wholesale Price Index came in at 4.53% as against 5.09% in the July mainly due to a moderate rise in prices of primary articles as well as a favourable statistical base.
At the same time, June WPI print was revised downwards to 5.68% from 5.77% previously. Inflationary pressures moderated in food articles as the overall basket saw a sequential rise of 0.15% compared to 1.28% in the previous month. However, upward momentum returned to manufactured products, rising by 0.34% vis-à-vis 0.09% previously.
On food inflation front, upside pressures eased as sequential
momentum noted a slight deceleration at 0.28% vis-à-vis 1.43% recorded in the previous month. While easing of price pressures is a welcome factor, sustained fall in further readings will likely provide further clarity for likely emergence of new trends.
3.Index of Industrial Production (IIP):
Industrial Production: Output growth increased to 6.61% in Jul’18, principally on account of increment in the y-o-y output growth of consumer durables and infrastructure/construction goods. Also, the manufacturing sector and use-based categories, particularly primary goods and consumer non-durables, among others recorded a healthy y-o-y growth in Jul’18.
Belying consensus estimates, headline consumer price inflation edged down to 3.69% vs. 4.17% in the previous month, posting a sub 4% print after a period of 10 months. Core inflation also moderated to 5.87% vs. 6.27% last month.
Among the BSE sectoral indices, S&P BSE IT index with 0.52% was the top gainer and S&P BSE Mid cap index with -12.55% was the top looser.
It was a mixed month for the major Asian Indices as Hangseng, Taiwan, Nikkei 225 ended by -0.36% and -0.52%, 5.49% respectively.
Apart from FII and MF activity, Key domestic data released in the month of September were:
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The equity indices took a beating in the month of September owing to the continued weakness in currency and oil prices touching the 2014 highs. Adding to the woes, the IL&FS default triggered a sell-off in the financial space. On a brighter note, encouraging domestic inflation and industrial production data helped reign in some losses during the first fortnight of the month.
INVESTOR JOURNALOctober, 2018
S&P BSE SENSEXDate Close Price Points Diff %age Change
31-Aug-2018 38645.07
3-Sep-18 38312.52 -332.55 -0.86%
7-Sep-18 38389.82 77.30 0.20%
14-Sep-18 38090.64 -299.18 -0.78%
21-Sep-18 36841.60 -1249.04 -3.28%
28-Sep-18 36227.14 -614.46 -1.67%
-6.26%
CNX Nifty IndexDate Close Price Points Diff %age Change
31-Aug-2018 11680.50
3-Sep-18 11582.35 -98.15 -0.84%
7-Sep-18 11589.10 6.75 0.06%
14-Sep-18 11515.20 -73.90 -0.64%
21-Sep-18 11143.10 -372.10 -3.23%
28-Sep-18 10930.45 -212.65 -1.91%
-6.42%
Sensex & Nifty: (Month Between 31-Aug-2018 to 28-Sep-2018)
MF Activity: (Month Between 03-Sep-2018 to 27-Sep-2018)
EquityDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
3-Sep-18 3,199.73 2,914.39 285.34
7-Sep-18 3,271.27 2,744.07 527.20
14-Sep-18 2,135.95 2,001.44 134.51
21-Sep-18 4,470.93 4,055.44 415.49
27-Sep-18 5,059.83 5,976.58 -916.75
Total 55,169.83 47,264.91 7,904.92
DebtDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
3-Sep-18 9,024.73 4,290.07 4,734.66
7-Sep-18 8,336.57 5,902.43 2,434.14
14-Sep-18 9,812.64 7,185.61 2,627.03
21-Sep-18 9,800.58 7,157.69 2,642.89
27-Sep-18 16,653.17 16,144.71 508.46
Total 157,466.69 141,348.65 16,118.04
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FII Activity: (Month Between 03-Sep-2018 to 28-Sep-2018)
EquityDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
3-Sep-18 3,199.73 2,914.39 285.34
11-Sep-18 8,066.35 9,461.75 -1,395.40
18-Sep-18 4,698.23 5,801.96 -1,103.73
24-Sep-18 7,826.54 8,884.48 -1,057.94
28-Sep-18 7,377.21 9,075.84 -1,698.63
Total 117,595.89 127,218.72 -9,622.83
DebtDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
3-Sep-18 9,024.73 4,290.07 4,734.66
11-Sep-18 1,064.47 975.14 89.33
18-Sep-18 372.65 551.06 -178.41
24-Sep-18 1,454.51 1,915.96 -461.45
28-Sep-18 451.98 1,121.20 -669.22
Total 14,029.38 24,557.32 -10,527.94
-----------------------------------------------------------------------------------------------------------------------------------------------------------Source : ACE MF
INVESTOR JOURNALOctober, 2018
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 Price to earnings ratio (P/E)?
• P/E is the price one pays for the earnings. It tells how much one is willing to pay per rupee of earnings.
• Suppose P/E is 20, it means that one is willing to pay 20 for a 1 earning.
P/E is calculated as
P/E = Current Price / EPS
P/E calculated by using actual EPS is known as trailing P/E and tells actual price paid for the earnings. P/E calculated using projected EPS is known as forward EPS and is the price one is willing to pay for expected earnings.
P/E helps to understand whether the stock is cheap or expensive. High P/E means one is paying higher price for the earnings and low P/E means one is paying lower price for the earnings.
When Sensex trades much higher than its average PE, it will tend to revert back to its mean reducing Sensex value. Similarly when Sensex trades much lower than its mean it will tend to revert back to its mean increasing index value.
Current Sensex P/E is 22
INVESTOR JOURNALOctober, 2018
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‘Tweets’ of the Month
Fund of The Month
Axis Bluechip Fund(G)
Investment Objective:
To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Portfolio:
Top 10 Companies Holdings
Name %age
HDFC Bank Ltd. 9.5
Tata Consultancy Services Ltd. 7.3
Housing Development Finance Corporation Ltd. 6.5
Kotak Mahindra Bank Ltd. 5.8
Bajaj Finance Ltd. 5.7
Maruti Suzuki India Ltd. 4.6
Reliance Industries Ltd. 4.5
Bandhan Bank Ltd. 3.5
Britannia Industries Ltd. 3.2
Hindustan Unilever Ltd. 3.1
Top 10 Sector Wise Holding
Industry Name (%)
Bank - Private 21.3
Finance - Investment 20.1
IT - Software 9.9
Automobiles - Passenger Cars 7.7
Finance - Housing 7.4
Finance - NBFC 5.7
Refineries 4.5
Consumer Food 3.2
Household & Personal Products 3.1
Paints 2.9
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
There are reasons for every fall. Today will be the FPI
thingy. Tomorrow, the rupee. It’s never “it went up too much, bro, so it
fell”.
- Deepak Shenoy@deepakshenoy
Kaifi Azmi was a closet stock market
investor and speculator. At least this is what this sher shows:
State of a long term investor -तुम इतना जो मुस्कुरा रहे हो क्या गम है जिसको छुपा रहे हो
State of MF manager -आँखों में नमी, हँसी लबों पर क्या हाल है क्या दिखा रहे हो State of SIP investor -बन जायेंगे ज़हर पीते पीते ये अश्क जो पिए जा रहे हो
State of Fundamental analyst- जिन ज़ख्मों को वक़्त भर चला है तुम क्यों उन्हें छेड़े जा रहे हो
- Shankar Sharma @shankarsharma
Source : ACE MF
Our mass education system isn’t meant for learning,
it’s meant to clear exams. Please don’t assume that educated people in India will have social, ethical, or any values. They just
know how to pass an exam. That’s it.
- Anupam Gupta@b50
“Faced with a choice between changing one’s mind and proving there is no need to do
so, almost everyone gets busy with the proof”. J K Galbraith
- Samir Arora@Iamsamirarora
INVESTOR JOURNALOctober, 2018
Readers Corner
5
FROM MUTUAL FUNDSTO MUTUAL FRIENDS
LIKE US ON FACEBOOK FOLLOW US ON TWITTER
THE LAW AND PROCEDURE APPLICABLE FOR INVESTMENT BY NRI IN INDIAN MFS
With excellent performance of the equity markets in India, Non-Residents Indians (NRI), which includes non-resident Indian citizens as well as Persons of Indian Origin (POI), are eyeing an opportunity to invest. So if an NRI wants to invest in mutual funds in India, what are the provisions that the person has to fulfil?
Know Your Customer (KYC) normsLike any other financial transaction, NRIs also have to comply with the basic KYC norms before they can start investing. The KYC process for NRI and residents is the same except that for residential status the NRI has to state non resident. As an NRI, you have to mandatorily provide your overseas address with documentary evidence. For communication purposes, however, you can provide your local address as well. Once the KYC is done your status will reflect as non-resident. The status to be reported in KYC form has to be as per the Foreign Exchange Management Act (FEMA) as investments are regulated by FEMA laws.
Mode of payment for making investmentsInvestments in mutual funds are permitted in Indian rupees only and you will receive the redemption proceeds also in the Indian currency. The payment for making investments in mutual funds can be done from either your NRE (Non Resident External) or Non Resident Ordinary (NRO) account. For money remitted from outside India in the form of rupee drafts or bankers’ cheque, you need to provide the Foreign Inward Remittance Certificate (FIRC) as well as a letter issued by the foreign bank. For making investments and for getting the redemption proceeds credited, you can register either your NRE or NRO account only as you are not allowed to register your foreign bank account.
Repatriation of redemption proceedsNRIs can make investments in all the products of mutual funds whether debts, equity or a mix of both. The investment in mutual funds can be made in two ways as far as option to remit back the money abroad is concerned. It can either be with a right to remit back the money abroad i.e. with repatriation or on non-repatriation basis. All the redemption proceeds of investments made from your NRE account or through direct remittances, can be fully remitted back abroad on repatriation basis.
The investments made from NRO account are non repatriable. However, an NRI you can remit upto USD 10 lakhs every year from his NRO account after payment of applicable Indian taxes due on the amount being remitted.
Joint holding and nominationNRIs can make investments in Indian mutual funds jointly with a resident or an NRI who has complied with KYC norms. For your mutual fund investments you can appoint any person/s as nominee. The nominee need not be an NRI and even a resident can also be made nominee for your investments in mutual funds.
Operation through power of attorney holderFor the purpose of day-to-day operations and management of your investment in mutual funds, you can appoint any resident of India through a power of attorney. The power of attorney has to be registered with the concerned mutual fund house. Once it is so registered, the POA holder can sign documents for purchase, switch and redemption. For the purpose of investment, the original POA or its notarised copy is required to be submitted. The POA needs to be signed by the NRI investor and the POA holder both.
Investment by US / Canada based non-residentsDue to cumbersome compliance requirements under FATCA (Foreign Account Tax Compliance Act) of US and Canada, only a few mutual fund houses allow US or Canadian residents to invest in mutual funds in India. As of now US/Canada based NRIs can invest in schemes of certain mutual funds houses like Birla Sun Life, SBI Mutual Fund, L&T Mutual Fund, PPFAS Mutual Fund, UTI Mutual Fund, Sundaram Mutual Fund, ICICI Prudential and DHFL Pramerica Mutual Fund.
Change of statusIn case you leave India in circumstances indicating an intention not to return to the country soon and thus making you a non resident for FEMA purpose, you should intimate all the mutual fund house where you already hold investment of the fact of your having become a non resident. The fund houses will then change you status to that of a non resident. Likewise if you come back to India for good and thus again become a resident, you need to intimate the fund house of that too.
The author (Balwant Jain) is tax and investment expert and can be reached on [email protected] story first appeared on TheFinapolis.com. to read more stories on personal finance and Indian market, subscribe to TheFinapoils ePaper.
INVESTOR JOURNALOctober, 2018
Story of The Month
Once upon a time a daughter complained to her father that her life was miserable and that she didn’t know how she was going to make it. She was tired of fighting and struggling all the time. It seemed just as one problem was solved, another one soon followed.
Her father, a chef, took her to the kitchen. He filled three pots with water and placed each on a high fire. Once the three pots began to boil, he placed potatoes in one pot, eggs in the second pot, and ground coffee beans in the third pot.
He then let them sit and boil, without saying a word to his daughter. The daughter, moaned and impatiently waited, wondering what he was doing.
After twenty minutes he turned off the burners. He took the potatoes out of the pot and placed them in a bowl. He pulled the boiled eggs out and placed them in a bowl.
He then ladled the coffee out and placed it in a cup. Turning to her he asked. “Daughter, what do you see?”
POTATOES, EGGS, AND COFFEE BEANS
“Potatoes, eggs, and coffee,” she hastily replied.
“Look closer,” he said, “and touch the potatoes.” She did and noted that they were soft. He then asked her to take an egg and break it. After pulling off the shell, she observed the hard-boiled egg. Finally, he asked her to sip the coffee. Its rich aroma brought a smile to her face.
“Father, what does this mean?” she asked.
He then explained that the potatoes, the eggs and coffee beans had each faced the same adversity - the boiling water.
However, each one reacted differently.
The potato went in strong, hard, and unrelenting, but in boiling water, it became soft and weak.
The egg was fragile, with the thin outer shell protecting its liquid interior until it was put in the boiling water. Then the inside of the egg became hard.
However, the ground coffee beans were unique. After they were exposed to the boiling water, they changed the water and created something new.
“Which are you,” he asked his daughter. “When adversity knocks on your door, how do you respond? Are you a potato, an egg, or a coffee bean? “
MORAL OF THE STORY:
Courtesy : Karvy Learning Center
Direct Dil Se…
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In life, a lot of things happen around us, to us, but the only thing that truly matters is how we respond to the situation being aware of what happens within us.
INVESTOR JOURNALOctober, 2018
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) 26.51 8374.04 14.11 22763.36 12.84
Invesco India Growth Opp Fund(G) 32.42 7744.95 13.11 24872.50 13.86
ICICI Pru Bluechip Fund(G) 40.79 7635.06 12.94 23013.99 12.97
HDFC Top 100 Fund(G) 463.56 7624.81 12.92 21798.05 12.37
Mirae Asset Emerging Bluechip-Reg(G) 47.96 7610.11 12.90 37782.06 19.65
Multi Cap
Parag Parikh Long Term Equity Fund-Reg(G) 24.32 8532.26 14.36 26960.05 14.85
Mirae Asset India Equity Fund-Reg(G) 47.75 8388.80 14.13 28335.52 15.49
Canara Rob Equity Diver Fund-Reg(G) 124.96 7173.09 12.20 20209.48 11.58
ICICI Pru Multicap Fund(G) 284.43 7071.91 12.04 24834.82 13.85
Principal Multi Cap Growth Fund(G) 137.88 7056.55 12.01 25127.39 13.99
Mid Cap & Small Cap
HDFC Small Cap Fund-Reg(G) 41.86 9290.45 15.54 32972.40 17.58
Axis Midcap Fund(G) 34.27 7760.73 13.14 27046.33 14.89
L&T Emerging Businesses Fund-Reg(G) 24.14 7706.32 13.05 0.00 0.00
SBI Small Cap Fund-Reg(G) 49.66 7408.87 12.58 42642.51 21.66
Reliance Small Cap Fund(G) 39.45 6780.90 11.57 37683.06 19.61
ELSS
Invesco India Tax Plan(G) 49.25 7416.64 12.59 26100.14 14.45
Aditya Birla SL Tax Relief '96(G) 30.67 7314.21 12.43 28013.08 15.34
HDFC Long Term Adv Fund(G) 337.14 7210.98 12.26 23147.12 13.03
Aditya Birla SL Tax Plan(G) 38.25 6972.46 11.88 26590.44 14.68
Canara Rob Equity Tax Saver Fund-Reg(G) 60.74 6848.75 11.68 20568.40 11.76
Sector
ICICI Pru Technology Fund(G) 62.45 16151.43 25.69 34718.03 18.34
SBI Technology Opp Fund-Reg(G) 65.21 12840.17 20.91 27853.53 15.27
Franklin India Technology Fund(G) 164.74 12599.77 20.56 27383.66 15.05
DSP Natural Res & New Energy Fund-Reg(G) 33.66 10995.94 18.16 38596.97 20.00
SBI Banking & Financial Services Fund-Reg(G) 15.23 9121.78 15.28 0.00 0.00
Index
HDFC Index Fund-Sensex(G) 322.40 9094.15 15.23 21916.87 12.43
Tata Index Fund-Sensex Plan(G) 89.46 8759.37 14.71 20503.95 11.72
Reliance Index Fund - Sensex Plan(G) 17.98 8555.30 14.39 19947.81 11.44
UTI Nifty Index Fund-Reg(G) 71.40 8352.40 14.07 21187.56 12.07
IDFC Nifty Fund-Reg(G) 22.62 8321.26 14.02 21126.28 12.04
As on 03rd Oct’18 (Funds have been arranged on 3 years performance)
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Source : ACE MF
INVESTOR JOURNALOctober, 2018
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 -1.34 -9.14 -1.49 -1.53 1.24 10.85 19.10 14.92
Large and mid cap -0.67 -6.27 0.40 0.67 3.65 10.06 16.18 10.96
Mid-cap -2.39 -10.26 -3.51 -6.57 -3.45 9.29 23.08 8.18
Multi-cap -1.45 -9.31 -2.87 -2.56 1.17 9.97 18.25 6.72
Small-cap -3.56 -11.84 -8.46 -12.95 -8.03 9.78 25.49 4.79
Sector Funds
Banks & Financial Services -0.41 -12.63 -5.95 -2.07 -3.16 11.99 19.77 13.70
Consumption -1.40 -7.96 -1.37 -1.12 5.73 12.26 15.17 7.88
Energy & Power -2.26 -6.79 -0.60 -6.69 -6.38 16.32 22.15 12.90
Infrastructure -2.98 -10.94 -4.88 -11.70 -8.69 7.14 18.03 6.11
Pharma & Health Care -0.84 -4.12 9.06 11.01 11.84 -3.15 13.24 9.75
Service Industry -0.47 -5.16 1.60 1.07 6.64 6.62 19.75 7.41
TECk 0.90 0.75 8.74 19.64 45.54 12.24 17.23 13.71
Speciality
Contra -0.61 -8.32 -0.82 0.84 7.04 11.91 19.04 15.29
Dividend Yield -1.47 -7.52 -0.10 -0.37 2.25 11.12 16.09 14.41
Global 0.32 1.72 8.72 14.67 18.89 14.27 9.88 10.62
MNC -1.17 -9.58 -2.17 -0.87 5.93 7.58 21.78 16.37
Equity Exchange Traded Funds 0.27 -7.09 2.37 8.28 12.54 11.65 13.93 11.40
Equity Linked Savings Scheme -1.67 -9.26 -2.78 -3.69 -0.26 10.57 18.50 8.80
Equity Savings Scheme -0.23 0.80 2.78 3.57 5.75 8.12 9.07 6.86
Focused Fund -0.68 -8.92 -1.52 -0.21 1.73 10.75 18.20 7.80
Index
Nifty 0.25 -5.82 2.73 8.70 12.90 11.63 13.89 11.40
Nifty Next 50 -1.67 -12.46 -3.18 -4.61 -1.41 11.36 18.84 5.92
Sensex 0.59 -5.47 3.16 11.11 17.03 11.93 13.49 13.08
Others -1.31 -8.67 -0.18 1.82 6.10 8.49 14.27 12.73
Aggressive Hybrid Fund -0.36 -5.89 -0.21 0.57 2.89 9.14 15.53 9.24
Balanced FundsBalanced advantage -0.04 -3.09 1.36 2.67 4.78 10.67 14.94 11.11
Balanced hybrid 6.57 -22.27 4.63 4.54 4.57 5.97 7.83 6.12
Capital Protection Funds 7.81 -14.37 5.35 4.70 4.09 6.55 7.56 6.07
Conservative Hybrid Fund 3.86 -26.51 0.76 0.33 1.89 6.49 9.36 8.37
Dynamic Asset Allocation -0.26 -3.58 -0.20 2.29 4.83 7.55 13.43 7.52
Fund of FundsDomestic 0.96 2.47 1.49 1.07 4.85 8.66 12.61 10.71
Overseas -0.16 1.97 1.34 0.32 12.96 7.75 5.36 6.52
Multi Asset Allocation -0.33 -3.62 0.57 1.46 4.48 7.64 10.04 10.16
Gold - FOF -58.50 5.67 -6.08 -3.61 -1.18 4.55 -1.65 0.17
Gold Exchange Traded Funds -54.36 9.85 1.55 -2.64 1.39 4.10 -0.57 4.04
Banking and PSU Fund 20.54 2.35 5.95 3.87 4.49 6.95 7.86 7.60
Corporate Bond 20.41 -1.65 4.64 2.86 3.47 6.54 7.86 7.17
Credit Risk Fund 13.19 -4.28 3.94 3.08 4.44 7.48 8.63 7.53
Dynamic Bond 20.73 2.46 5.21 2.11 1.53 6.27 8.11 7.22
Fixed Maturity Plans 14.83 0.72 6.03 4.64 5.71 7.64 8.65 5.38
GiltLong Term 53.32 8.05 6.49 3.02 2.13 7.19 9.16 7.51
Short and Medium term 26.65 5.22 5.60 1.25 -0.24 5.99 8.35 7.93
Floating Rate 9.88 3.81 6.38 5.60 5.83 7.14 7.93 7.77
Duration
Long duration 30.07 -4.20 1.95 -1.08 -0.22 5.38 7.59 6.29
Low Duration 10.46 3.66 6.23 5.81 6.12 7.29 7.90 7.49
Medium Duration 18.52 -2.09 4.42 2.47 3.67 7.09 8.59 7.98
Medium to Long Duration 25.61 1.67 4.50 0.93 0.42 5.59 7.55 7.85
Money Market 9.09 5.05 6.61 6.61 6.69 7.14 7.85 7.66
Overnight 5.58 5.89 5.94 5.68 5.60 6.23 7.03 6.73
Short Duration 14.64 0.12 5.20 3.78 4.34 6.79 7.74 7.28
Speciality-Debt
Interval Funds - Half Yearly 5.53 5.74 6.05 6.50 6.75 7.19 7.81 7.98
Interval Funds - Monthly 6.29 6.35 6.54 6.78 6.80 6.90 7.59 7.86
Interval Funds - Quarterly 6.90 6.79 6.88 7.06 7.12 7.13 7.81 8.10
Interval Funds - Yearly 9.12 5.69 6.83 6.58 6.77 7.32 8.08 7.85
Liquid 7.36 3.12 5.67 6.26 6.55 6.86 7.65 7.28
Ultra Short Term Plan -0.82 -1.52 4.28 5.13 5.79 7.04 7.91 7.57
Returns are as on 03rd Oct’18
8Source : ACE MF
INVESTOR JOURNALOctober, 2018
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.
8.85%
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.
9.15%
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.
8.00%
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.
8.25%
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.
7.75%
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.
8.40%
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.
8.10%
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.
8.70%
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.
9.00%
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
9.00%
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
9
INVESTOR JOURNALOctober, 2018
Equity Funds Performance
Scheme NameLatest
NAV (`)
Absolute CAGR
1 Year 3 Year 5 YearSINCE
INCEPTION
Diversified
L&T Emerging Businesses Fund-Reg(G) 24.14 -2.29 17.78 22.23
HDFC Small Cap Fund-Reg(G) 41.86 9.86 17.58 22.70 14.61
SBI Small Cap Fund-Reg(G) 49.66 0.57 16.75 32.48 19.34
Mirae Asset Emerging Bluechip-Reg(G) 47.96 1.79 16.26 30.78 20.97
Reliance Small Cap Fund(G) 39.45 1.08 16.24 34.04 18.60
ELSS
Quant Tax Plan(G) 91.70 4.17 18.06 23.56 12.71
HDFC Long Term Adv Fund(G) 337.14 7.78 14.37 18.90 21.91
Principal Tax Savings Fund 201.66 2.55 14.13 20.55 16.38
Motilal Oswal Long Term Equity Fund-Reg(G) 16.59 -1.09 14.11 14.68
Taurus Tax Shield Fund-Reg(G) 76.97 11.20 13.84 17.83 11.54
Sector
DSP Natural Res & New Energy Fund-Reg(G) 33.66 -1.96 27.29 24.88 12.33
SBI Magnum Comma Fund-Reg(G) 35.62 -4.71 16.92 16.52 10.14
Aditya Birla SL Banking & Financial Services Fund-Reg(G) 25.27 -7.27 15.75 21.30
SBI Consumption Opp Fund-Reg(G) 112.96 12.43 15.35 15.43 15.05
ICICI Pru Banking & Fin Serv Fund(G) 55.35 -5.13 15.01 24.34 18.43
Thematic
Reliance US Equity Opp Fund(G) 15.32 27.52 18.90 14.29
ICICI Pru US Bluechip Equity Fund(G) 27.61 27.07 18.13 13.00 17.67
Sundaram Rural and Consumption Fund(G) 39.28 -2.46 15.54 21.44 11.67
Invesco India Contra Fund(G) 46.38 12.88 15.38 25.35 14.30
Franklin Asian Equity Fund(G) 22.00 4.80 15.35 8.47 7.63
Value
Tata Equity P/E Fund(G) 130.33 -1.11 16.20 23.93 19.72
HDFC Capital Builder Value Fund(G) 286.09 7.71 13.80 20.48 14.56
L&T India Value Fund-Reg(G) 34.71 -0.95 12.09 24.57 15.31
Aditya Birla SL Pure Value Fund(G) 51.85 -11.42 11.07 25.74 16.93
ICICI Pru Value Discovery Fund(G) 148.27 9.91 9.69 22.90 21.02
Equity Index
HDFC Index Fund-Sensex(G) 322.40 17.39 12.77 14.35 15.27
UTI Nifty Index Fund-Reg(G) 71.40 13.43 12.48 14.64 11.15
IDFC Nifty Fund-Reg(G) 22.62 13.50 12.45 14.64 10.17
HDFC Index Fund-NIFTY 50 Plan(G) 99.62 13.53 12.36 14.67 15.00
Tata Index Fund-Sensex Plan(G) 89.46 17.16 12.09 13.47 16.23
(Funds has been arranged on the basis of 3 years performance)
10
Source : ACE MF
INVESTOR JOURNALOctober, 2018
Debt Funds Performance
Scheme NameLatest
NAV (`)
Absolute CAGR
1 Year 3 Year 5 YearSINCE
INCEPTION
Gilt Funds
SBI Magnum Constant Maturity Fund(G) 37.71 4.39 8.11 9.31 7.75
ICICI Pru Gilt Fund(G) 60.75 1.77 7.51 9.62 9.89
IDFC G-Sec-Constant Maturity Plan-Reg(G) 25.95 4.24 7.41 9.01 5.92
Reliance Gilt Securities Fund(G) 23.16 1.16 7.41 9.78 8.66
ICICI Pru Constant Maturity Gilt Fund(G) 14.06 1.79 7.23 8.77
Asset Allocation
Indiabulls Liquid Fund(G) 1750.88 7.07 7.32 8.00 8.40
Baroda Pioneer Liquid Fund(G) 2062.29 7.16 7.30 7.98 7.78
DHFL Pramerica Insta Cash Fund(G) 233.28 7.13 7.28 7.94 7.94
Axis Liquid Fund(G) 1991.15 7.16 7.26 7.94 7.97
Aditya Birla SL Liquid Fund(G) 288.34 7.11 7.25 7.97 7.57
Scheme NameLatest
NAV (`)
Absolute CAGR
1 Year 3 Year 5 YearSINCE
INCEPTION
Balanced
HDFC Balanced Advantage Fund(G) 184.48 8.46 13.13 17.31 17.51
Aditya Birla SL Balanced Advantage Fund(G) 50.38 1.20 10.68 13.35 9.16
Reliance Balanced Advantage Fund(G) 85.87 4.66 9.88 15.11 16.75
ICICI Pru Balanced Advantage Fund(G) 33.44 4.66 9.01 13.99 10.81
Union Balanced Advantage Fund-Reg(G) 10.13 1.72
Conservative Hybrid
ICICI Pru Regular Savings Fund(G) 40.13 4.16 8.69 11.91 10.05
Aditya Birla SL Regular Savings Fund(G) 37.51 -2.51 7.91 12.30 9.64
UTI Regular Savings Fund-Reg(G) 39.81 3.87 7.86 11.27 9.78
DHFL Pramerica Hybrid Debt Fund(G) 21.71 6.38 7.75 7.80 7.35
Reliance Hybrid Bond Fund(G) 41.73 2.61 6.91 10.70 10.19
Arbitrage
Indiabulls Arbitrage Fund-Reg(G) 12.81 5.71 6.23 6.75
Kotak Equity Arbitrage Scheme(G) 25.59 5.94 6.20 7.24 7.49
Reliance Arbitrage Fund(G) 18.35 6.24 6.19 6.99 7.91
Edelweiss Arbitrage Fund-Reg(G) 13.30 5.83 6.19 6.92
ICICI Pru Equity-Arbitrage Fund(G) 23.68 5.78 6.12 7.11 7.60
Gold-FOF
Invesco India Gold Fund(G) 9.87 4.20 6.52 -0.27 -0.19
Aditya Birla SL Gold Fund(G) 9.84 3.36 4.86 -0.97 -0.25
Axis Gold Fund(G) 9.69 3.33 3.66 -2.29 -0.45
ICICI Pru Regular Gold Savings Fund(G) 10.42 2.70 4.50 -0.87 0.59
Kotak Gold Fund(G) 12.78 2.31 4.33 -1.47 3.31
(Funds has been arranged on the basis of 1 year performance)
Hybrid Funds Performance
11Source : ACE MF
INVESTOR JOURNALOctober, 2018
Global Markets at a Glance
12
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
10560
10660
10760
10860
10960
11060
27-S
ep
28-S
ep
1-O
ct
3-O
ct
4-O
ct72.00
72.50
73.00
73.50
74.00
27-S
ep
28-S
ep
1-O
ct
3-O
ct
4-O
ct
7.907.958.008.058.108.158.20
27-S
ep
28-S
ep
1-O
ct
3-O
ct
4-O
ct
2,9002,9052,9102,9152,9202,9252,930
27-S
ep
28-S
ep
1-O
ct
3-O
ct
4-O
ct
94.5
94.9
95.3
95.7
96.1
27-S
ep
28-S
ep
1-O
ct
3-O
ct
4-O
ct 3.02
3.07
3.12
3.17
3.22
27-S
ep
28-S
ep
1-O
ct
3-O
ct
4-O
ct
3,360
3,380
3,400
3,420
3,440
3,460
27-S
ep
28-S
ep
1-O
ct
3-O
ct
4-O
ct
1.145
1.150
1.155
1.160
1.165
1.170
27-S
ep
28-S
ep
1-O
ct
3-O
ct
4-O
ct 0.460
0.480
0.500
0.520
0.540
27-S
ep
28-S
ep
1-O
ct
3-O
ct
4-O
ct
23,70023,80023,90024,00024,10024,20024,300
27-S
ep
28-S
ep
1-O
ct
3-O
ct
4-O
ct
113.3
113.6
113.9
114.2
114.5
114.8
27-S
ep
28-S
ep
1-O
ct
3-O
ct
4-O
ct 0.11
0.12
0.13
0.14
0.15
0.16
0.17
27-S
ep
28-S
ep
1-O
ct
3-O
ct
4-O
ct
2,780
2,790
2,800
2,810
2,820
2,830
25-S
ep
26-S
ep
27-S
ep
28-S
ep
6.8606.8666.8726.8786.8846.8906.896
25-S
ep
26-S
ep
27-S
ep
28-S
ep
3.62
3.64
3.66
3.68
3.70
25-S
ep
26-S
ep
27-S
ep
28-S
ep
INVESTOR JOURNALOctober, 2018
Indices Watch
Index NameAs on
27-Aug-18As on
30-Sep-18%
Change
S&P BSE 100 12016.97 11140.99 -7.29%
S&P BSE 200 5040.98 4631.60 -8.12%
S&P BSE 500 15846.20 14445.89 -8.84%
S&P BSE AUTO Index 24716.48 21476.52 -13.11%
S&P BSE BANKEX 31741.91 27992.18 -11.81%
S&P BSE Capital Goods 18996.76 17108.89 -9.94%
S&P BSE Consumer Durables 21696.40 19134.28 -11.81%
S&P BSE DOLLEX 30 4471.34 4095.62 -8.40%
S&P BSE FMCG 12771.69 11502.75 -9.94%
S&P BSE GREENEX 2999.01 2759.91 -7.97%
S&P BSE Health Care 15945.17 15025.34 -5.77%
S&P BSE IT 15548.52 15628.94 0.52%
S&P BSE METAL Index 13821.31 13278.79 -3.93%
S&P BSE Mid-Cap 16881.33 14763.20 -12.55%
S&P BSE O & G Index 15079.04 14855.41 -1.48%
S&P BSE Power Index 2140.72 1929.43 -9.87%
S&P BSE PSU 7907.60 7171.38 -9.31%
S&P BSE Realty Index 2141.43 1702.94 -20.48%
S&P BSE SENSEX 38645.07 36227.14 -6.26%
S&P BSE Small-Cap 17193.20 14430.68 -16.07%
S&P BSE TECk Index 7817.25 7730.69 -1.11%
Indian Indices:
Index NameAs on
27-Aug-18As on
30-Sep-18%
Change
NIFTY PHARMA 10390.95 9972.45 -4.03%
INDIA VIX 12.60 17.00 34.91%
NIFTY IT 15811.40 15838.05 0.17%
NIFTY SERV SECTOR 15645.40 14471.50 -7.50%
Nifty Financial Services 11719.05 10577.10 -9.74%
NIFTY BANK 28061.75 25119.85 -10.48%
NIFTY 50 11680.50 10930.45 -6.42%
NIFTY FMCG 32911.55 29757.70 -9.58%
NIFTY 100 12003.10 11126.40 -7.30%
NIFTY 100 12003.10 11126.40 -7.30%
NIFTY CONSUMPTION 5379.30 4793.20 -10.90%
NIFTY 200 6240.55 5735.05 -8.10%
NIFTY MNC 15066.90 13412.50 -10.98%
NIFTY 500 9992.00 9116.00 -8.77%
NIFTY ENERGY 15763.00 15697.20 -0.42%
Nifty 500 Shariah 3191.40 2932.06 -8.13%
NIFTY DIV OPPS 50 2807.85 2664.40 -5.11%
NIFTY AUTO 11009.25 9590.25 -12.89%
Nifty Midcap 50 5345.45 4622.85 -13.52%
NIFTY PSU BANK 3315.50 2700.45 -18.55%
NIFTY MEDIA 2840.10 2447.50 -13.82%
NIFTY COMMODITIES 3852.45 3686.50 -4.31%
NIFTY METAL 3643.45 3485.35 -4.34%
NIFTY INFRA 3289.25 2967.30 -9.79%
NIFTY PSE 3725.35 3560.45 -4.43%
NIFTY REALTY 275.85 219.60 -20.39%
Global Indices:
Index NameAs on
27-Aug-18As on
30-Sep-18%
Change
All Ordinaries 6427.80 6325.50 -1.59%
Bovespa 76678.00 79342.00 3.47%
CAC 40 5406.85 5493.49 1.60%
DAX 12364.06 12246.73 -0.95%
Dow Jones 25964.82 26458.31 1.90%
FTSE 100 7432.40 7510.20 1.05%
Hang Seng 27888.55 27788.52 -0.36%
Nikkei 225 22865.15 24120.04 5.49%
NYSE 13016.89 13082.52 0.50%
S&P 500 2901.52 2913.98 0.43%
Straits Times 3213.48 3257.05 1.36%
Taiwan Weighted 11063.94 11006.34 -0.52%
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/06102018/57
Ankit ChoradiaE-mail : [email protected]
Phone : 040 3321 7132
Production: Naga Babu K
13
Source : ACE MF