September, 2016 INVESTOR JOURNAL KARVY’s...It was a positive month for all major European indices...
Transcript of September, 2016 INVESTOR JOURNAL KARVY’s...It was a positive month for all major European indices...
KARVY’s
September, 2016
INVESTOR JOURNAL
www.karvyvalue.com
What’s InsideMarket Review
Page 01
Karvy Investment InsightPage 03
Fund of The MonthPage 04
Readers CornerPage 05
Story of The MonthPage 06
SIP PerformancePage 07
Category Average ReturnsPage 08
Fixed Deposits SchemesPage 09
Equity Funds PerformancePage 10
Debt Funds PerformancePage 11
Global Markets at a GlancePage 12
Indices WatchPage 13
Highlights of the Month » Unified Payments Interface, developed by National Payments
Corporation of India (NPCI), is going live for customers of 21 banks, namely - Punjab National Bank, Andhra Bank, Axis Bank, Bank of Maharashtra, Bhartiya Mahila Bank, Canara Bank, Oriental Bank of Commerce, Union Bank of India and Vijaya Bank, among others.Experts see it as a positive and unique move with some seeing it as a potential to turn your bank account into an e-wallet.
» The rupee weakened for the third straight session on 4th Sep to hit over a three-week low against the dollar as the investors’ hope for an immediate reduction in the interest rates seems to have been quashed after the government named Urjit Patel, known to be hawkish on inflation, as the new governor of the Reserve Bank of India (RBI) on Saturday.
» Domestic mutual funds (MF) now account for 4.5 per cent of India’s total market capitalisation (m-cap), up from 2.9 per cent two years ago. The rise comes amid robust and consistent investor flows into equity schemes, rise in stock prices, and market-beating performance by fund managers. MFs’ share in domestic m-cap is at record levels and significantly higher than 2007-08 levels, which is considered to be a boom period for the mutual fund sector.
» Mutual fund managers pumped in over Rs 2,700 crore in equity markets in August after witnessing outflows in the preceding two months. With latest inflow, total investment in stock markets have reached Rs 9,170 crore in current fiscal so far (Apr-Aug). Industry insiders attributed latest inflow to positive investors’ sentiment that was boosted after long-stalled GST Constitution Amendment Bill was passed in both houses of Parliament last month.
» As per a data released by Securities and Exchange Board of India (Sebi), mutual fund managers invested a net sum of Rs 2,717 crore last month. Prior to that, fund managers had pulled out Rs 120 crore from markets in the preceding two months (June-July). They had infused Rs 7,149 crore in equities in May while they withdrew Rs 575 crore in April. In 2015-16, fund managers had invested over Rs 70,000 crore in the equity markets.
KARVY’sINVESTOR JOURNAL
Fund of the MonthHDFC MID-CAP OPPORTUNITIES FUND(G)
The aim of the fund is to generate long-term
capital appreciation from a portfolio that is substantially...September, 2016
Page 04
INVESTOR JOURNALSeptember, 2016
Market Review
In his last monetary policy review (MPR) as RBI Governor, Dr. Raghuram Rajan
decided against a change in policy stance in view of the changing inflation scenario in the economy. To that effect, policy repo as well as reverse repo rate has been kept unchanged at 6.5 per cent and 6.0 per cent, respectively.
Foreign investors have already pumped in a significant amount of investment in the domestic treasury market, to hedge the uncertainty that lies ahead.
CPI inflation in Jul-16 soared to 6.07%, slightly higher than upper bound of the mandated inflation range of 2% - 6%. Weak statistical base amid limited disinflation in food prices remained the primary reasons for this anticipated rise. Bucking analysts’ estimates, India’s 1st quarter GDP for 2016-17 came in at 7.1 per cent, compared to 7.9 per cent in the previous quarter. Gross value added (GVA), the final price of products and services in the country, for the same period came in at 7.3 per cent, as compared to 7.1 per cent for the same period a year ago. GDP for the corresponding period in the previous year was 7.5 per cent.
INR ended the month of Aug at 66.97 against the USD.
Indian broader indices performed well with respect to most of the peers in the month. Sensex and Nifty both were up by 1.43% and 1.71% respectively.
In the corresponding period, FIIs were net buyers in Equity segment worth around 9785.56 Crores and were net sellers in Debt segment worth 2949.07 Crores respectively.
Mutual Funds were net buyers in Equity to the tune of 1908 Crores and in debt up to 13,943 Crores.
1.Foreign Trade: The country’s merchandise exports stood at USD 21.69 billion in Jul’16 as against USD 23.28 billion recorded last year, which is a marginal drop of 6.84% Y-o-Y.
The country’s merchandise imports bills eased to USD 29.45 billion in Jul’16 from USD 36.37 billion recorded a year ago.
Oil imports continued to ease Y-o-Y, contracting by 28.10% to USD 6.82 billion in Jul’16.
The non-oil imports dipped by 15.83% in Jul’16 to USD 22.63 billion vis-à-vis non-oil imports of USD 26.89 billion recorded in the month of July of the previous fiscal.
2.Inflation:
Wholesale Price Index‐ based inflation more than doubled from 1.62 to 3.55 in July-16.
Food inflation, which was 8.18% in the month of June’16 went up to 11.82% yoy in July’16.
The fuel inflation stood at -1% in July’16 from -3.62% in the month of June’16.
CPI inflation stood at 7.96% in July’16 from 7.46% in the month of June’16.
3.Index of Industrial Production (IIP):
Index of Industrial Production (IIP) for June’16 went up by 2.06% against 1.11% in previous month.
Manufacturing production in India registered a growth of 0.9% for June’16.
Basic Goods grew at 5.88% in June’16 compared to 3.78% in May’16.
Capital goods contracted by 16.47% in June’16 against 12.35% in May’16.
Among the BSE sectoral indices, Metal, Bankex and Oil & Gas were the major gainers which ended the month up by 5.67%, 4.51% and 4.51% respectively while Realty, IT & Teck were the major losers ending the month down by 4.04%, 3.46% & 3.33% respectively.
Among the NSE sectoral indices, PSU Bank, Metal and Midcap 50 were the major gainers which ended the month up by 8.65%, 5.95% and 5.60% respectively while major indices such as VIX, IT and Pharma ended the month in the negative territory, falling by 11.23%, 3.36% & 1.78% respectively.
Among the major Asian Indices, it was a positive month for Hangseng, Nikkei and Taiwan ended up by 4.96%, 1.92% and 0.94% respectively.
It was a positive month for all major European indices with BEL-20 and DAX ending up by 2.56% and 2.47% respectively while CAC-40 was down by 0.04% respectively.
It was not a good month for all Major American Indices with NASDAQ, NYSE, Dow Jones and S&P500 which ended down by 1.24%, 0.19%, 0.17% and 0.12% respectively.
Among the major indices across the world, Bovespa, Brazilian index had a decent month, going up by 1.03%.
Apart from FII and MF activity, Key domestic data released in the month of August were:
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INVESTOR JOURNALSeptember, 2016
S&P BSE SENSEXDate Close Price Points Diff %age Change
29-Jul-16 28,051.86
4-Aug-16 27,714.37 -337.49 -1.20%
11-Aug-16 27,859.60 145.23 0.52%
19-Aug-16 28,077.00 217.40 0.78%
25-Aug-16 27,835.91 -241.09 -0.86%
31-Aug-16 28,452.17 616.26 2.21%
1.43%
CNX Nifty IndexDate Close Price Points Diff %age Change
29-Jul-16 8638.5
4-Aug-16 8551.1 -87.40 -1.01%
11-Aug-16 8592.15 41.05 0.48%
19-Aug-16 8666.9 74.75 0.87%
25-Aug-16 8592.2 -74.70 -0.86%
31-Aug-16 8786.2 194.00 2.26%
1.71%
Sensex & Nifty:
MF Activity: (Month Between 01-Aug-2016 to 31-Aug-2016)
EquityDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
1-Aug-16 1,446.50 1,570.10 -123.60
8-Aug-16 834.10 1,191.80 -357.70
16-Aug-16 1,161.50 1,112.30 49.20
24-Aug-16 1,463.40 1,010.30 453.10
30-Aug-16 1,735.00 1,033.80 701.20
Aug-16 27,342.80 25,434.70 1,908.10
DebtDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
1-Aug-16 7,936.30 9,464.50 -1,528.20
8-Aug-16 2,796.70 5,755.00 -2,958.30
16-Aug-16 5,386.90 7,359.00 -1,972.10
24-Aug-16 8,625.10 5,072.90 3,552.20
30-Aug-16 9,154.30 7,471.50 1,682.80
Aug-16 117,256.70 103,313.00 13,943.70
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FII Activity: (Month Between 01-Aug-2016 to 31-Aug-2016)
EquityDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
1-Aug-16 5,978.16 5,322.55 655.61
8-Aug-16 5,234.89 4,063.16 1,171.73
16-Aug-16 11,312.47 10,531.19 781.28
24-Aug-16 3,108.33 3,140.90 -32.57
31-Aug-16 15,504.36 14,581.34 923.02
Aug-16 111,425.22 101,639.66 9,785.56
DebtDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
1-Aug-16 1,069.17 944.07 125.10
8-Aug-16 693.65 388.87 304.78
16-Aug-16 771.69 998.71 -227.02
24-Aug-16 1,764.76 2,132.41 -367.65
31-Aug-16 798.75 1,540.00 -741.25
Aug-16 25,150.58 28,099.65 -2,949.07
INVESTOR JOURNALSeptember, 2016
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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.
Amount/ Month to make you a millionaire
Investment Tenure(Yrs) 15% 12% 10% 8% 6% 4%
30 143 284 439 666.54 990.55 1,436.03
25 305 527 748 1,044.53 1,435.83 1,938.57
20 660 1,001 1,306 1,686.49 2,153.54 2,717.41
15 1,478 2,983 2,393 2,870.72 3,421.46 4,050.05
10 3,589 4,305 4,842 5,429.89 6,071.69 6,768.62
5 11,151 12,124 12,807 13,519.60 14,261.49 15,033.08
Asset allocation - Age based
How to become a millionaire!!!
INVESTOR JOURNALSeptember, 2016
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Invest in equities as part of long term asset allocation! Not because India is a sweet spot
- such stories can get diabetic
- Kalpen Parekh @KalpenParekh
Not every stock can perform like Sachin, try SIPs to
form a balanced team.
- Samir Desai@samiridesai
Equity holding of Indian retail remains close to 2.80% of the household savings ; seem
to be participating thru equtiy MF- A Balasubramanian @MFBALA
‘Tweets’ of the Month
Fund of The Month
HDFC MID-CAP OPPORTUNITIES FUND(G)
Investment Objective:
The aim of the fund is to generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of small and mid-cap companies.
Portfolio:
Top 10 Companies Holdings
Name %age
HDFC Liquid Fund(G)-Direct Plan 3.7
Hindustan Petroleum Corporation Ltd. 3.4
Voltas Ltd. 2.7
Cholamandalam I & F Company Ltd. 2.6
Tube Investments Of India Ltd. 2.4
Aurobindo Pharma Ltd. 2.3
Yes Bank Ltd. 2.3
Bajaj Finance Ltd. 2.2
Axis Bank Ltd. 2.1
Carborundum Universal Ltd. 2.1
Top 10 Sector Wise Holding
Industry Name (%)
Bank - Private 8.9
Pharmaceuticals & Drugs 8.6
Bank - Public 5.8
Finance - NBFC 4.8
Pesticides & Agrochemicals 4.7
IT - Software 4.7
Air Conditioners 4.6
Printing And Publishing 4.3
Engineering - Industrial Equipments 3.9
Other 3.7
To read the full Information, Click Here
About Performance of the Scheme:
Chirag Setalvad, fund manager of HDFC Midcap Opportunities fund has 14 years of experience, of which 11 years in Fund Management and Equity Research and 3 years in investment banking...
Indicates an increase or decrease or no change in holding since last profile. Indicates an increase or decrease in holding since last portfolio.
BEFORE PLANNING FOR RETIREMENT KNOW THIS To earn ‐1
lakh/month taxfree u need‐1.6 crores yielding 9%. Equity is MUST!
- Srikanth Matrubai@goodfundadvisor
Size of labour force (million) 1. China: 797.6; 2. India: 487.3 3.
EU: 228; 4. US: 155.4; 5. Indonesia: 120
- The Int’l Spectator@intlspectator
INVESTOR JOURNALSeptember, 2016
Readers Corner
NINE COMMANDMENTS OF PERSONAL FINANCE
“I do not have enough money to invest” or “My expenses do not allow me to save or invest for my goals” are commonly-heard statements during conversations on expenses, savings or investment. If these are true, something is surely wrong in the thought process. Any financial expert would suggest– “Save first and spend later”. Yet, this could be tough to follow. To eliminate all confusion, here are 9 commandments that we need to imbibe in our DNA if we wish to reach our financial goals on time:
1) You shall act
Reading about how to improve your personal finances is just a start, but has no meaning unless you implement it...
2) You must settle all credit card debt
In most cases, credit card debt is the main enemy of your personal finances...
3) Differentiate between wants and needs
You should clearly delienate between wants and needs. While needs are necessary expenses, wants are discretionary...
4) You should live on less than you earn
Only way to save money is to spend less than you earn or earn more than you spend...
To read the full Article, Click Here
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INVESTOR JOURNALSeptember, 2016
Story of The Month
There was a Master who had a disciple. The disciple had never seen a cow. He was very curious to find out about cows. He approached his Master and asked “Do you know anything about cows?”
“Yes” replied the Master. “Then would you please explain what a cow looks like?” the disciple asked.
The Master explained: “A cow has four legs. It is a domestic animal which can be found in villages. It gives milk, white in color, which is good for health.” The Master gave him a lot more information on the features of a cow.
THE WISE MAN AND THE COW
One has to experience and not merely follow others blindly. Experience is the best teacher for acquiring any knowledge.
The student went to a village and there he saw a statue of a cow. Someone was painting an adjacent compound wall and had left a bucket of white paint water near the statue of the cow.
The student saw the cow and observed its features. He finally came to the conclusion that it must be the cow. He also saw the bucket with white liquid near by. ‘This is definitely a cow, so this must be the milk’ thought the disciple and drank some of it. He soon started screaming with pain and had to be hospitalized.
His Master visited him in the hospital, “What happened?” he asked.
“Master you don’t know anything about cows or their milk” the disciple answered. “Tell me what happened?” the Master asked. The student explained everything.
“Did you milk the cow yourself or make sure that was milk?” asked the Master.
“No.”
“That’s why you are in trouble.” The Master replied.
MORAL OF THE STORY:
Courtesy : Karvy Learning Center
Direct Dil Se…
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INVESTOR JOURNALSeptember, 2016
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
Birla SL Advantage Fund(G) 351.52 15545.67 26.12 50121.68 25.29
Birla SL Equity Fund(G) 570.16 13770.41 23.42 46147.97 23.72
Reliance Growth Fund(G) 892.36 11580.76 20.02 37083.19 19.92
SBI BlueChip Fund-Reg(G) 32.14 11566.66 19.99 40255.87 21.29
DSPBR Equity Fund-Reg(G) 30.76 10600.07 18.46 33290.57 18.24
Birla SL Frontline Equity Fund(G) 183.17 10237.21 17.87 36219.00 19.54
Axis Focused 25 Fund(G) 20.01 10192.44 17.80 0.00 0.00
Multi cap
Birla SL Pure Value Fund(G) 46.22 17642.43 29.22 61873.98 29.67
Sundaram Rural India Fund(G) 33.68 17159.01 28.51 47320.89 24.19
L&T India Value Fund-Reg(G) 28.07 15354.74 25.83 53676.27 26.66
Birla SL Special Situations Fund(G) 20.60 14904.15 25.15 46030.07 23.67
Tata Equity P/E Fund(G) 103.73 14821.18 25.02 46175.16 23.73
Birla SL India GenNext Fund(G) 63.82 14570.18 24.64 46876.60 24.01
SBI Magnum Multicap Fund-Reg(G) 37.88 13676.02 23.28 44360.08 22.99
Mid Cap & Small Cap
DSPBR Micro-Cap Fund-Reg(G) 50.80 24510.71 38.84 80977.32 36.04
SBI Small & Midcap Fund-Reg(G) 36.08 20580.76 33.43 72716.38 33.38
Mirae Asset Emerging BlueChip-Reg(G) 37.08 20188.86 32.87 70858.76 32.77
Franklin India Smaller Cos Fund(G) 47.34 19762.51 32.27 74402.43 33.94
Canara Rob Emerg Eq Fund-Reg(G) 69.71 19242.84 31.53 67131.13 31.50
Birla SL Small & Midcap Fund(G) 30.54 18496.36 30.46 57274.15 28.00
Reliance Small Cap Fund(G) 29.12 18168.50 29.98 69214.59 32.21
ELSS
DSPBR Tax Saver Fund-Reg(G) 37.94 13349.15 22.78 44318.51 22.98
L&T Tax Saver Fund(G) 30.00 12712.81 21.79 39515.38 20.97
IDBI Equity Advantage Fund-Reg(G) 22.03 12479.07 21.43 0.00 0.00
Birla SL Tax Relief '96(G) 23.85 12051.28 20.76 42723.63 22.32
Axis LT Equity Fund(G) 33.39 11929.52 20.57 47938.29 24.43
Reliance Tax Saver (ELSS) Fund(G) 49.88 11876.49 20.48 44438.12 23.02
Birla SL Tax Plan(G) 30.00 11452.14 19.81 40649.75 21.45
Sector
ICICI Pru Banking & Fin Serv Fund(G) 45.68 17246.28 28.64 53172.96 26.46
DSPBR Natural Res & New Energy Fund-Reg(G) 24.03 16236.13 27.16 38445.41 20.52
Franklin Build India Fund(G) 32.42 15755.89 26.43 57543.98 28.10
L&T Infrastructure Fund-Reg(G) 12.24 13286.05 22.68 39290.58 20.87
Reliance Banking Fund(G) 201.93 13055.05 22.32 38631.07 20.59
Invesco India Banking Fund-Ret(G) 39.28 12557.19 21.55 36456.67 19.65
UTI Banking Sector Fund(G) 76.35 12541.77 21.52 33861.51 18.50
Index
ICICI Pru Nifty Next 50 Index Fund(G) 20.07 12285.95 21.13 39504.56 20.97
IDBI Nifty Junior Index Fund(G) 17.52 11894.15 20.51 38452.76 20.52
GS CNX 500(G) 31.18 7262.31 12.98 24524.75 14.10
R*Shares CNX 100 ETF 91.49 6790.15 12.18 0.00 0.00
IDFC Nifty Fund-Reg(G) 17.74 6126.35 11.05 22345.75 13.01
As on 03rd Sep’16 (Funds have been arranged on 3 years performance)7
INVESTOR JOURNALSeptember, 2016
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
Diversified
Large-cap 1.85 2.51 11.13 25.99 13.82 22.00 14.01 13.39
Mid-cap 1.32 2.88 14.17 30.39 17.44 39.66 22.20 17.21
Multi-cap 1.70 2.69 12.26 27.51 16.46 27.59 16.07 14.64
Small-cap 0.88 2.25 12.95 31.06 17.88 46.44 25.26 24.71
Sector Funds
Banks & Financial Services 2.55 4.44 17.45 41.88 24.62 31.04 17.08 19.13
Energy & Power 1.52 3.99 16.70 33.21 26.91 31.44 9.26 16.09
FMCG 1.15 2.68 9.69 21.85 18.03 19.45 18.79 18.13
Infrastructure 1.25 2.65 12.98 28.32 12.00 30.44 11.10 8.01
Media & Entertainment 1.01 3.05 9.16 23.17 22.84 23.33 18.86 16.34
Pharma & Health Care 0.05 -1.23 6.01 2.84 -2.98 26.26 21.55 9.83
Service Industry -0.29 1.27 9.48 14.01 1.93 29.10 25.42 15.81
TECk -0.88 -3.89 -7.85 0.80 -2.63 13.78 16.35 8.24
Speciality
Contra 1.03 1.62 10.68 25.08 16.68 34.78 18.05 14.05
Dividend Yield 1.73 2.77 11.59 25.89 13.66 23.39 13.60 14.41
Index - Nifty 1.95 1.67 8.95 23.16 13.42 18.95 12.81 12.69
Index - Sensex 2.08 1.54 7.21 20.64 11.14 15.81 11.72 16.20
MNC 0.56 -0.81 4.98 17.22 5.84 36.16 24.01 18.52
Equity Exchange Traded Funds 1.70 2.39 10.27 25.64 13.64 20.08 11.55 10.65
Equity Linked Savings Scheme 1.82 2.80 11.62 27.44 15.55 26.72 16.23 16.19
Arbitrage Funds
Debt-Oriented 0.20 0.60 3.88 7.63 10.28 9.95 8.67 5.68
Equity-Oriented 0.25 0.68 1.97 4.03 6.32 8.30 8.41 7.46
Asset Allocation 0.79 0.77 5.45 12.29 10.37 11.22 8.79 9.35
Balanced Funds
Debt-Oriented 0.84 0.98 3.71 7.99 5.69 13.04 11.31 6.99
Equity-Oriented 1.25 2.13 9.10 21.03 13.98 22.86 14.86 13.50
Category Capital Protection Funds 0.49 0.80 3.28 6.93 7.06 12.98 7.59
Monthly Income Plans 0.50 1.07 5.35 10.34 10.80 13.06 10.14 8.93
Fund Of Funds
Debt-Oriented 0.44 1.06 4.65 9.84 10.04 12.79 9.96 9.28
Equity-Oriented 0.96 1.44 7.51 17.44 13.23 20.91 12.86 13.67
Hybrid-Oriented 0.82 1.15 6.30 14.02 11.92 12.99 10.13 11.23
Gold - FOF -0.96 -1.33 6.39 5.35 14.26 -2.28 1.06 1.50
Gold Exchange Traded Funds -1.70 -2.35 6.51 4.39 15.15 -2.40 2.00 6.16
Income
Long Term 0.24 0.94 4.25 7.47 10.05 10.21 9.16 8.53
Medium Term 0.23 0.91 3.58 6.60 9.76 10.13 9.46 8.74
Short Term 0.20 0.78 2.96 5.67 8.94 9.69 9.09 8.37
Gilt
Long Term 0.26 1.12 6.16 10.25 12.41 11.65 9.96 8.95
Medium Term 0.25 0.95 4.81 8.54 10.89 10.57 9.24 9.02
Short Term 0.16 0.69 3.10 5.88 10.49 9.67 8.72 6.96
Floating Rate
Long Term Floating Rate 0.28 0.96 3.51 6.61 10.16 10.51 9.09 7.57
Med Term Floating Rate 0.24 0.90 3.20 6.33 10.43 10.87 9.52 7.33
Short Term Floating Rate 0.14 0.64 2.20 4.56 8.35 9.06 8.95 7.73
Speciality-Debt
Interval Funds - Half Yrly 0.14 0.60 1.83 3.86 7.73 8.40 8.65 8.03
Interval Funds - Monthly 0.12 0.54 1.65 3.56 7.24 8.34 8.64 8.08
Interval Funds - Quarterly 0.13 0.55 1.66 3.51 7.20 8.38 8.68 8.25
Interval Funds - Yearly 0.13 0.58 2.01 4.31 8.03 9.19 8.85 8.66
Liquid 0.12 0.55 1.71 3.69 7.36 8.11 8.33 6.91
Ultra Short Term Plan 0.15 0.67 2.25 4.63 8.22 8.84 8.77 7.86
Returns are as on 03rd Sep’16 8
INVESTOR JOURNALSeptember, 2016
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.
8.70%
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.
8.25%
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.
8.30%
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.
7.80%
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.
8.85%
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.
8.50%
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.
8.70%
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.
8.50%
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.
8.75%
* highest rate including additional interest for Senior citizens, employees etc. wherever applicable
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INVESTOR JOURNALSeptember, 2016
Equity Funds Performance
Scheme NameLatest
NAV (`)
Absolute CAGR
1 Year 3 Year 5 YearSINCE
INCEPTION
Diversified
DSPBR Micro-Cap Fund-Reg(G) 50.7960 26.7171 55.0102 28.2501 19.2656
UTI Transportation & Logistics Fund(G) 98.9590 14.2883 50.7143 30.7102 20.3282
Reliance Small Cap Fund(G) 29.1162 20.7652 49.8148 26.5355 19.6238
Franklin India Smaller Cos Fund(G) 47.3358 26.2495 47.2580 29.1129 15.7314
Canara Rob Emerg Eq Fund-Reg(G) 69.7100 19.6816 47.0809 26.3528 18.4204
ELSS
Reliance Tax Saver (ELSS) Fund(G) 49.8804 16.7992 36.5775 20.9640 15.8025
Axis LT Equity Fund(G) 33.3899 10.6357 33.3336 22.4105 19.7819
DSPBR Tax Saver Fund-Reg(G) 37.9430 21.8219 30.9601 20.1864 14.8562
Birla SL Tax Relief '96(G) 23.8500 14.4587 30.8995 19.0363 10.9449
Invesco India Tax Plan(G) 39.0900 14.4261 30.5009 18.1045 15.1198
Sector
Franklin Build India Fund(G) 32.6561 19.2007 40.5430 24.9219 18.4196
ICICI Pru Banking & Fin Serv Fund(G) 45.8100 32.5780 38.4138 23.6970 20.8520
L&T Infrastructure Fund-Reg(G) 12.2600 17.7228 35.5365 14.9650 2.3054
Reliance Banking Fund(G) 203.2813 25.9971 35.1837 18.0495 25.4541
HDFC Infrastructure Fund(G) 16.7770 13.3675 34.1295 10.8239 6.2858
Dividend Yield
BNP Paribas Dividend Yield Fund(G) 38.2320 13.2605 25.6037 16.8783 13.0004
Tata Dividend Yield Fund(G) 64.6838 14.3957 24.1992 15.2954 17.1632
Birla SL Dividend Yield Plus(G) 147.6400 10.2826 23.8352 12.5211 21.9443
Principal Dividend Yield Fund(G) 39.6800 18.7865 23.4482 13.2665 12.2899
HSBC Dividend Yield Equity Fund(G) 17.8041 15.5766 22.1641 12.9658 6.2873
Global
Birla SL Intl. Equity Fund-B(G) 15.4554 14.1690 16.9065 12.3412 5.0445
MOSt Shares NASDAQ-100 ETF 318.5243 16.5325 16.3595 25.5064 23.0351
ICICI Pru US Bluechip Equity Fund(G) 19.5000 13.5331 8.3503 17.4190
Franklin Asian Equity Fund(G) 17.7179 22.4942 6.2529 10.7256 6.8479
Birla SL CEF-Global Agri-Reg(G) 21.5705 6.5814 4.8002 6.2051 10.3234
Equity Index
ICICI Pru Nifty Next 50 Index Fund(G) 20.1452 17.9226 28.7061 17.4849 11.9705
IDBI Nifty Junior Index Fund(G) 17.5848 16.9081 27.9939 17.1764 9.9402
GS CNX 500(G) 31.3104 15.1858 20.3387 12.6019 16.0670
R*Shares CNX 100 ETF 91.8431 14.9137 18.9526 15.9325
HDFC Index Fund-Sensex Plus(G) 380.4693 13.8957 17.9496 12.5372 29.3495
Equity FOF
Kotak Asset Allocator Fund(G) 66.5750 11.5105 23.8294 15.0794 17.0008
Franklin India Life Stage FOFs-20(G) 69.6975 15.3935 22.8468 14.5969 16.4287
Birla SL Asset Allocator Multi FoF(G) 23.9785 15.6483 22.3958 10.1756 9.0901
Birla SL Financial Planning FOF Aggressive Plan(G) 18.6955 16.2817 21.9531 14.0752 12.4726
Franklin India Life Stage FOFs-30(G) 50.0894 13.1440 18.5713 12.6953 13.4541
(Funds has been arranged on the basis of 3 years performance)10
INVESTOR JOURNALSeptember, 2016
Debt Funds Performance
Scheme NameLatest
NAV (`)
Absolute CAGR
1 Year 3 Year 5 YearSINCE
INCEPTION
Gilt Funds
ICICI Pru Gilt-Invest-PF(G) 31.7225 13.8501 13.3025 10.0818 9.4404
HDFC Gilt-Long Term Plan(G) 32.9986 14.5196 12.9179 10.2816 8.2174
Birla SL Gilt Plus-PF(G) 44.1496 14.4098 12.7748 11.3184 9.1807
Reliance Gilt Securities Fund(G) 20.7301 13.1572 12.5419 10.6820 9.4964
SBI Magnum Gilt-LTP-Reg(G) 34.4995 11.5339 12.4600 11.3079 8.2048
Income
ICICI Pru Long Term Plan(G) 19.2838 12.8142 13.2744 11.7674 10.4252
Birla SL Dynamic Bond Fund-Ret(G) 28.4654 13.1532 12.5238 10.7746 9.1568
ICICI Pru Income(G) 49.8862 12.1942 11.5730 9.2940 9.2511
HDFC High Interest Fund-Dynamic Plan(G) 54.9332 12.6237 11.5702 10.1139 9.1972
ICICI Pru Income Opportunities Fund(G) 22.1005 10.5196 11.5454 9.7501 10.3573
Scheme NameLatest
NAV (`)
Absolute CAGR
1 Year 3 Year 5 YearSINCE
INCEPTION
Balanced
ICICI Pru Child Care Plan-Gift Plan 118.4000 21.3773 29.7625 17.5924 17.8905
HDFC Balanced Fund(G) 121.5200 15.4611 27.8170 17.0189 16.9092
HDFC Prudence Fund(G) 416.7680 16.3299 26.9810 15.1321 19.6468
Tata Balanced Fund(G) 186.4195 12.9557 26.2579 18.3699 16.7238
Franklin India Balanced Fund(G) 101.9260 15.1970 25.8444 16.7013 14.8744
MIP
SBI Magnum Children Benefit Plan 43.3281 19.7942 21.5664 13.3822 10.5600
ICICI Pru Child Care Plan-Study Plan 61.5872 12.1914 20.5193 15.5852 12.8691
Birla SL MIP II-Wealth 25(G) 34.2478 16.3876 18.6182 13.4538 10.5351
HDFC MIP-LTP(G) 39.3014 13.0501 16.0339 11.1239 11.3830
ICICI Pru MIP 25(G) 34.6183 12.5137 15.6432 12.0085 10.5014
Arbitrage
ICICI Pru Blended-B-I(G) 23.6107 10.4576 10.3953 9.1338 7.9242
Kotak Equity Arbitrage Scheme(G) 22.6447 6.5154 8.1732 8.3784 7.7616
ICICI Pru Equity-Arbitrage Fund(G) 21.0177 6.5934 8.0023 8.5178 7.9735
IDFC Arbitrage Fund-Reg(G) 20.0493 6.3073 7.8674 8.2298 7.4292
SBI Arbitrage Opportunities Fund-Reg(G) 20.7267 5.9317 7.7253 8.1259 7.6894
Gold-FOF
Birla SL Gold Fund(G) 10.2956 8.4604 17.6533 -0.8978 0.6557
ICICI Pru Regular Gold Savings Fund(G) 10.8065 7.0873 16.9905 -1.0713 1.5960
Axis Gold Fund(G) 10.3475 7.0593 15.9000 -2.6262 0.7033
HDFC Gold Fund(G) 10.3789 6.8624 15.2537 -1.7316 0.7712
Invesco India Gold Fund(G) 9.8222 10.2231 14.9757 -1.9205 -0.3771
(Funds has been arranged on the basis of 1 year performance)
Hybrid Funds Performance
11
INVESTOR JOURNALSeptember, 2016
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
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INVESTOR JOURNALSeptember, 2016
Indices Watch
Index NameAs on
29-Jul-16As on
03-Sep-16%
Change
S&P BSE Capital Goods 15477.94 15212.25 -1.72%
S&P BSE BANKEX 21678.51 22656.58 4.51%
S&P BSE Power Index 2076.58 2098.41 1.05%
S&P BSE PSU 7186.13 7505.78 4.45%
S&P BSE DOLLEX 30 3435.21 3487.36 1.52%
S&P BSE AUTO Index 21091.11 22008.15 4.35%
S&P BSE SENSEX 28051.86 28452.17 1.43%
S&P BSE 100 8856.01 9021.45 1.87%
S&P BSE 200 3692.08 3768.60 2.07%
S&P BSE 500 11585.96 11834.89 2.15%
S&P BSE O & G Index 10595.23 11072.71 4.51%
S&P BSE METAL Index 9406.16 9939.73 5.67%
S&P BSE Mid-Cap 12661.06 13217.31 4.39%
S&P BSE GREENEX 2504.77 2526.08 0.85%
S&P BSE Small-Cap 12309.95 12648.79 2.75%
S&P BSE TECk Index 5951.14 5753.26 -3.33%
S&P BSE Consumer Durables 12404.71 12485.32 0.65%
S&P BSE IT 10813.20 10439.35 -3.46%
S&P BSE Health Care 16299.15 16161.74 -0.84%
S&P BSE FMCG 8725.38 8822.47 1.11%
S&P BSE Realty Index 1607.07 1542.10 -4.04%
Indian Indices:
Index NameAs on
29-Jul-16As on
03-Sep-16%
Change
NIFTY FMCG 22228.85 22609.30 1.71%
NIFTY MEDIA 2815.20 2965.95 5.35%
NIFTY COMMODITIES 2937.70 3053.45 3.94%
NIFTY 100 8839.00 9000.50 1.83%
Nifty 500 Shariah index 2332.11 2374.20 1.80%
NIFTY PSE 3425.05 3524.40 2.90%
NIFTY DIV OPPS 50 2079.00 2148.60 3.35%
NIFTY FINANCE 7837.75 8139.20 3.85%
NIFTY IT 10913.30 10546.10 -3.36%
NIFTY REALTY 207.40 205.55 -0.89%
Nifty Midcap 50 3683.25 3889.35 5.60%
INDIA VIX 14.92 13.24 -11.23%
NIFTY 100 8839.00 9000.50 1.83%
NIFTY SERV SECTOR 11006.95 11184.20 1.61%
NIFTY 50 8638.50 8786.20 1.71%
NIFTY INFRA 2966.50 2934.90 -1.07%
NIFTY PHARMA 11697.25 11489.15 -1.78%
NIFTY METAL 2422.70 2566.75 5.95%
NIFTY PSU BANK 2862.90 3110.40 8.65%
NIFTY 500 7330.00 7490.65 2.19%
NIFTY 200 4578.00 4676.15 2.14%
NIFTY CONSUMPTION 3883.90 3959.05 1.93%
NIFTY BANK 18953.15 19787.60 4.40%
NIFTY ENERGY 9311.85 9663.65 3.78%
Global Indices:
Index NameAs on
29-Jul-16As on
03-Sep-16%
Change
Bovespa 57308.00 57901.00 1.03%
CAC 40 4439.81 4438.22 -0.04%
Dow Jones 18432.24 18400.88 -0.17%
Hang Seng 21891.37 22976.88 4.96%
BEL-20 3464.84 3553.37 2.56%
Nasdaq 5162.13 5098.00 -1.24%
Nikkei 225 16569.27 16887.40 1.92%
S&P 400 1559.46 1564.76 0.34%
Taiwan Weighted 8984.41 9068.85 0.94%
All Ordinaries 5644.00 5529.40 -2.03%
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.
Research TeamPF/MFNL/06092016/34
Ankit ChoradiaE-mail : [email protected]
Phone : 040 3321 7132
Production: Naga Babu K
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