Fixed Income Markets A Perspective
|
|
- Olivia Horn
- 6 years ago
- Views:
Transcription
1
2 Fixed Income Markets A Perspective
3 2 Agenda Market Environment Global and India FT Funds Templeton India Low Duration Fund Templeton India Short Term Income Plan Templeton India Income Opportunities Fund Templeton India Corporate Bond Opportunities Fund Summary
4 Market Environment
5 4 Global Scenario Selected Countries - Balance Sheet Size of Central Banks (% of GDP), Q1 Note: data ending in Q for the US, in Q for the rest. Source: National Central Banks, National Statistics Offices, and Citi Investment Research and Analysis Source: JP Morgan Developed Markets : Monetary policies remain very accommodative and evaluating additional stimulus to avoid deflation Emerging Markets : Growth slowdown and fall in inflation has led many countries to reduce benchmark rates further Interest rate differential between developed and emerging market economies remains high Focus is shifting from austerity to supporting growth and financial market stability
6 5 Global Scenario 10-year benchmark bond yields Jul Dec Dec US Canada UK Japan Germany Source: Financial Times Benchmark bond yields have retreated from highs due to Growth slowdown and expectations of additional monetary stimulus Leading central banks ECB and US Federal Reserve have indicated that they will announce additional measures to address the economy and markets Indications that policy markers are working on long lasting solutions for the Europe crisis
7 6 India: Macro pressures RBI Policy Rates Source: RBI, Bloomberg, CEIC, Morgan Stanley Research Source: Factset, RBI, CEIC, Morgan Stanley Research After cumulative rate hike of 375 bps, RBI cut repo rate by 50 bps in April But remains concerned about inflation drivers and high fiscal deficit - policy on hold A better domestic government policy environment can provide more room for further rate cuts to boost economic growth Market yields have started to ease
8 7 India: Growth moderation Quarterly GDP growth trends (%yoy) Latest GDP data points to further slowdown in the economy Capex slowdown due to policy issues Effect of monetary tightening FY13 Growth expectations have been downgraded Policy issues need to be sorted to revive investment spending Source: JP Morgan
9 8 India Headwinds: Inflation Source: CEIC, RBI, Morgan Stanley Research Inflation - Fast growing economies tend to experience higher inflation Mixed trends witnessed last couple of months Core inflation off peaks, but price rises on the food & fuel fronts can add pressure Urgent need to address supply bottlenecks to correct the supply-demand imbalances Additional upside risk to food prices from weak monsoons
10 9 India Headwinds: Twin Deficits Deficit has impacted capex Trends in Current Account Deficit (US$ bln, % GDP) Source: Budget Documents, CSO, CIEC, Morgan Stanley Research. E = MS Estimates Source: RBI, CIRA Fiscal Deficit: Higher subsidy bill and government spending could continue to push up deficit This seems to have had an impact on private borrowing costs Current Account Deficit (CAD): High oil prices and gold imports weighed on current account balance Recent trends of decline in gold imports positive, though fall in exports concerning Foreign Capital Inflows important to fund CAD Balance of Payments improved in Jun 12 due to the same
11 10 India Markets: Liquidity Trends in Interbank Liquidity Credit and Deposit Growth have picked up a bit Source: Bloomberg, Morgan Stanley Research Source: RBI, Morgan Stanley Research Systemic liquidity deficit has reduced in July and short term rates have dipped May be attributed to positive capital inflows and waning seasonal liquidity pressures Despite slowdown, credit growth remains robust (+17%) and is ahead of deposit growth Credit-deposit ratio though off all-time highs, remains elevated RBI has been conducting OMOs to address liquidity and has cut SLR to free up resources for productive sectors of the economy Has also announced a range of measures to boost foreign capital inflows
12 11 Indian Markets: Recent trends G-sec Yield Curve (%) Corporate Bond Spreads (in bps) year gilt 3 year gilt 5 year gilt 10 year gilt 30 year gilt 90 1 year AAA 3 year AAA 5 year AAA 31 Dec Dec Mar Jul Dec Dec Mar Jul 12 Yields at the longer end of the curve remain elevated Shorter-end of the curve (1-year) has outperformed longer-end Longer end expected to remain volatile push-pull effects from expectations of rate cuts, OMOs and fiscal situation On the corporate bond spreads front Relatively higher spreads at the short end (1-yr) segment looks attractive Opportunity for bottom-up credit research to take advantage of mis-priced securities Source: Bloomberg. As of July 31, 2012
13 12 Indian Markets: Capital flows FII flows ($ mln) YTD YTD flows into debt remain positive led by positive yield differential Source: SEBI. As of July 2012
14 FT Fixed Income - Focus Funds
15 14 FT: Fixed Income Focus FT has a broad range of fixed income funds to suit the current uncertain macro environment Open-end funds better placed vis-à-vis closed end in current circumstances Can take advantage of shift in monetary policy bias Funds investing in short-dated securities and focused on corporate bonds better placed, given downside risks on the fiscal front FT offers a range of funds that can suit your investment horizon - Fund Description Recommended Investment Horizon Templeton India Low Duration Fund (TILDF) Templeton India Short Term Income Plan (TISTIP) Templeton India Income Opportunities Fund (TIIOF) Templeton India Corporate Bond Opportunities Fund (TICBOF) Invests in a mix of money market and shortterm debt instruments Invests in short term corporate debt securities Focused on high accrual paper towards the short end of the curve including PTCs Focused on high-yielding corporate bonds at the medium to long end of the curve At least 3 months At least 9 months At least 18 months 30 months or more
16 15 Templeton India Low Duration Fund (TILDF) An open-end fund investing in a mix of money market and short-term debt securities Ideal for investors with a conservative risk profile and short investment horizon Maintains a low duration such that interest rate sensitivity is low while offering relatively higher accruals Top 5 Holdings Holding Instrument Type Co. Description Rating % Share Hindustan Petroleum Corporation Money Market State-owned Oil Refining & Marketing Company CRISIL A % Reliance Capital Money Market NBFC - engaged in varied financial services activities including asset management; mutual funds; portfolio management services; pension funds; life/ general insurance; PE & proprietary investments; stock broking and distribution of financial products CARE A % Reliance Infrastructure Money Market Infrastructure firm into power generation, road construction, rapid transit systems, airports, and other projects FITCH A % Edelweiss Capital Money Market NBFC - engaged in asset management; life/ general insurance; commercial finance; stock broking; depository services; PE & proprietary investments; distribution of financial products CRISIL A % Essel Corporate Resources Corporate Debt Is one of the primary holding companies of the Essel Group BW A- (SO) 5.75% As of July 31, Source: Company websites/ documents and rating documents as may be issued by rating agencies These securities represent the five largest holdings held in the Fund as of the date indicated and do not represent all of the securities purchased, sold or recommended for advisory clients, and the reader should not assume that investment in the securities listed was or will be profitable. Holdings are subject to change.
17 16 Templeton India Low Duration Fund (TILDF) Composition by Assets (as of July 2012) Composition by Ratings (as of July 2012) Portfolio Characteristics Positioning Matrix Average Maturity 0.28 yrs Yield to Maturity 9.97%* Modified Duration 0.25** yrs Asset size (Rs. Crs) 2, As of July 31, 2012 * Pre-fund expenses **Modified duration of floating rate securities is calculated based on the next reset date.
18 17 Templeton India Low Duration Fund (TILDF) Long-term Fund Performance (as of Jun 29, 2012) Refer Annexure for detailed performance disclosures NAV as at Jun 29, 2012 (Rs.): Fund Manager: Sachin Padwal-Desai, Umesh Sharma NAV Per Unit (Rs.) TILDF - Growth Crisil Short-Term Bond Fund Index # 1 year T-Bill Last 1 year (Jun 30, 2011 to Jun 29, 2012) % 8.81% 7.73% Since inception till Jun 29, % 7.80% 6.08% Current Value of Standard Investment of Rs Since inception ( ) 11,865 11,559 11,207 Past performance may or may not be sustained in the future. Load has not been taken into consideration. Inception Date: July, 26, # Index adjusted for the period April 1, 2002 to November 29, 2010 with the performance of Crisil MIP Blended Index. Returns greater than 1 year period are compounded annualized.
19 18 Templeton India Short Term Income Plan (TISTIP) An open-end fund focusing on corporate bonds at the short end of the curve Positioned between a long bond and a liquid fund Consistent long-term track record and is well suited for investors with moderate risk profile Top 5 Holdings: Holding Instrument Type Co. Description Rating % Share Reliance Capital Money Market NBFC - engaged in varied financial services activities including asset management; mutual funds; portfolio management services; pension funds; life/ general insurance; PE & proprietary investments; stock broking and distribution of financial products ICRA A % Tata Teleservices Money Market A wireless telephony service provider CARE A % Reliance Infrastructure Money Market Infrastructure firm engaged in Power generation, road construction, rapid transit systems, airports, and other projects FITCH A % Magma Fincorp Corporate Debt NBFC- catering to individual and corporate customers. It offers commercial vehicle financing, construction equipment financing and car financing. CARE AA+ 4.88% Fullerton India Credit Company Corporate Debt NBFC - provides commercial vehicle financing, construction equipment financing and passenger car financing ICRA AA+ 4.46% Oriental Bank of Commerce As of July 31, 2012 Money Market A mid-sized public sector bank in India CRISIL A1+ Source: Company websites/ documents and rating documents as may be issued by rating agencies 3.96% These securities represent the five largest holdings held in the Fund as of the date indicated and do not represent all of the securities purchased, sold or recommended for advisory clients, and the reader should not assume that investment in the securities listed was or will be profitable. Holdings are subject to change.
20 19 Templeton India Short Term Income Plan (TISTIP) Composition by Assets (as of July 2012) Composition by Ratings (as of July 2012) Portfolio Characteristics Average Maturity 0.96 yrs Yield to Maturity 10.21%* Modified Duration 0.86** yrs Asset size (Rs. Crs) 5, As of July 31, 2012 * Pre-fund expenses. Positioning Matrix Credit Quality High Medium Low High Medium Low Interest Rate Sensitivity **Modified duration of floating rate securities is calculated based on the next reset date.
21 20 Templeton India Short Term Income Plan (TISTIP) Long-term Fund Performance (as of Jun 29, 2012) Refer Annexure for detailed performance disclosures Growth Option NAV as at Jun 29, 2012 (Rs.) Retail: Fund Manager: Umesh Sharma, Sachin Padwal-Desai NAV Per Unit (Rs.) TISTIP Retail Plan Growth Crisil Short-Term Bond Fund Index 1 year T-Bill Last 1 year (Jun 30, 2011 to Jun 29, 2012) % 8.81% 7.73% Last 2 years (Jun 30, 2010 to Jun 29, 2012) % 7.19% 6.06% Last 3 years (Jun 30, 2009 to Jun 29, 2012) % 6.40% 4.68% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 7.49% 5.52% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 6.40% 5.29% Since inception till Jun 29, % N.A. 5.33% Last 2 years 11,657 11,489 11,250 Last 3 years 12,661 12,047 11,471 Last 5 years 15,584 14,353 13,088 Last 10 years 21,164 18,606 16,756 Since inception ( ) 21,894 N.A 17,184 Past performance may or may not be sustained in the future. Load has not been taken into consideration. Dividends assumed to be reinvested and Bonus is adjusted. Returns greater than 1 year period are compounded annualized.
22 21 Templeton India Income Opportunities Fund (TIIOF) Open end income fund that strives to generate higher yields with relatively lower interest rate risks Current portfolio focus on high yield securities including securitized debt Retail focused fund with restrictions on large inflows/ outflows to increase efficiency to deliver better returns Top 5 Holdings: Holding Instrument Type Co. Description Rating % share CLSS 5 Trust 2011/ CLSS 10 Trust 2011/ CLSS 6 Trust 2011 Single Loan PTC Underlying - Tata Teleservices, a wireless telephony service provider CARE A+(SO) 15.06% Magma Fincorp Corporate Debt NBFC- catering to individual and corporate customers. It offers commercial vehicle financing, construction equipment financing and car financing. CARE AA+ 8.44% CLSS 15 Trust 2011/ CLSS 2 Trust 2011/ CLSS 8 Trust 2010/ CLSS 2 Trust 2011 Single Loan PTC Underlying North Delhi Power, a JV between Tata Power Company and Government of NCT of Delhi Distributes electricity in the North & North West areas of Delhi ICRA AA- 5.79% Fullerton India Credit Company Corporate Debt NBFC - provides commercial vehicle financing, construction equipment financing and passenger car financing ICRA AA+ 4.75% JM Financial Products As of July 31, Corporate Debt NBFC engaged in varied financial services activities including borrowing/ lending activities including loan against securities, IPO funding, ESOP financing. Source: Company websites/ documents and rating documents as may be issued by rating agencies These securities represent the five largest holdings held in the Fund as of the date indicated and do not represent all of the securities purchased, sold or recommended for advisory clients, and the reader should not assume that investment in the securities listed was or will be profitable. Holdings are subject to change. ICRA AA+ 4.79%
23 22 Templeton India Income Opportunities Fund (TIIOF) Composition by Assets (as of July 2012) Composition by Ratings (as of July 2012) Portfolio Characteristics Average Maturity 1.31 yrs Yield to Maturity 10.57%* Modified Duration 1.14** yrs Asset size (Rs. Crs) 2, As of July 31, 2012 * Pre-fund expenses. **Modified duration of floating rate securities is calculated based on the next reset date. Positioning Matrix Credit Quality High Medium Low High Medium Low Interest Rate Sensitivity
24 23 Templeton India Income Opportunities Fund (TIIOF) Long-term Fund Performance (as of June 29, 2012) Refer Annexure for detailed performance disclosures NAV as at June 29, 2012 (Rs.): Fund Manager: Umesh Sharma, Sachin Padwal-Desai NAV Per Unit (Rs.) TIIOF - Growth Crisil Short-Term Bond Fund Index 10 year dated GOI security Last 1 year (Jun 30, 2011 to Jun 29, 2012) % 8.81% 7.10% Last 2 years (Jun 30, 2010 to Jun 29, 2012) % 7.19% 4.41% Since inception till Jun. 29, % 6.75% 4.23% Current Value of Standard Investment of Rs. 10,000 Last 2 years 11,672 11,489 10,901 Since inception ( ) 12,299 11,812 11,114 Past performance may or may not be sustained in the future. Load has not been taken into consideration. Dividends assumed to be reinvested and Bonus is adjusted. Returns greater than 1 year period are compounded annualized.
25 24 Templeton India Corporate Bond Opportunities Fund (TICBOF) Open end income fund investing predominantly in corporate securities with medium to long term maturity while capping the average maturity at 36 months. Focuses on securities with higher accrual and the potential for capital gains given its maturity profile. Retail focused fund with restrictions on large inflows/ outflows to increase efficiency to deliver better returns. Top 5 Holdings Holding Instrument Type Co. Description Rating % share Fullerton India Credit Company Corporate Debt NBFC - provides commercial vehicle financing, construction equipment financing and passenger car financing ICRA AA+ 7.40% Au Financiers (India) Corporate Debt Rajasthan based NBFC provides commercial vehicle financing, car financing, SME loans and loans against property. CRISIL A 6.86% Mahindra World City (Jaipur) Corporate Debt Company is promoted by Mahindra Group and Rajasthan State Industrial Development & Industrial Corporation to develop an integrated business city with an SEZ in Jaipur CRISIL A 5.51% Cholamandalam Investment & Finance Corporate Debt An NBFC engaged in providing vehicle financing, home loans, corporate financing, gold loans as well as distribution/advisory services CRISIL AA- 5.21% Indostar Capital Finance Corporate Debt Is an NBFC mainly into institutional lending Established by Ashmore Group, Everstone Capital Management and PE arm of Goldman Sachs CARE AA- 4.76% As of July 31, 2012 Source: Company websites/ documents and rating documents as may be issued by rating agencies These securities represent the five largest holdings held in the Fund as of the date indicated and do not represent all of the securities purchased, sold or recommended for advisory clients, and the reader should not assume that investment in the securities listed was or will be profitable. Holdings are subject to change.
26 25 Templeton India Corporate Bond Opportunities Fund (TICBOF) Composition by Assets (as of July 2012) Composition by Ratings (as of July 2012) Portfolio Characteristics Average Maturity 2.46 yrs Yield to Maturity 10.78%* Modified Duration 2.21** yrs Asset size (Rs. Crs) 1, As of Jul 31, 2012 * Pre-fund expenses. **Modified duration of floating rate securities is calculated based on the next reset date. Positioning Matrix Credit Quality High Medium Low High Medium Low Interest Rate Sensitivity
27 26 Summary Global central banks, including those in Emerging Markets, maintain easing bias After the 50 bps rate cut in April, RBI is on hold due to inflation/deficit Rupee recovered a bit, but direction depends on global events The longer-end of the gilt yield curve expected to be volatile due to the high fiscal deficit/ government borrowings RBI has cut SLR and will provide additional liquidity support through OMOs, if required Given the current macro-economic environment, investors should look at investing in open-end funds focused on High accruals: high coupon payments as well as capital gains as and when the interest rate cycle turns Shorter-end of the curve: as short-maturity securities likely to outperform long-end as monetary policy eases Corporate debt: can take advantage of spread opportunities prevalent in such securities and higher yields FT has a range of offerings with strong track record to suit varied time horizons and navigate through the current environment
28 27 Disclaimer Scheme Classification and Investment Objective: Templeton India Short-Term Income Plan (TISTIP) is an open end income scheme to provide stable returns by investing in fixed income securities. Templeton India Income Opportunities Fund (TIIOF) is an open-end income scheme that seeks to provide regular income and capital appreciation by investing in fixed income securities across the yield curve. Templeton India Corporate Bond Opportunities Fund (TICBOF) is an open end income fund which seeks to provide regular income and capital appreciation through a focus on corporate securities. Templeton India Low Duration Fund (TILDF) is an open-ended income scheme having an objective to earn regular income for investors through investments primarily in highly rated debt securities. Load Structure: TISTIP: Entry : Nil. Exit : 0.50% if redeemed within 9 Months. TIIOF: Entry: Nil. Exit: 3% if redeemed within 6 months, 2% if redeemed after 6 months but within 12 months, 1% if redeemed after 12 months but within 18 months; TICBOF: Entry: Nil. Exit load: 3% if redeemed within 12 months from the date of allotment; 2% if redeemed after 12 months but within 24 months from the date of allotment 1% if redeemed after 24 months but within 30 months from the date of allotment. TILDF: Entry Load: Nil. Exit Load: 0.50% if redeemed / switched out within 3 months of allotment. Risk Factors: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. The past performance of the mutual funds managed by the Franklin Templeton Group and its affiliates is not necessarily indicative of future performance of the schemes.
29 Annexure
30 SCHEME PERFORMANCE FT India Balanced Fund (FTIBF) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager: Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Sachin Padwal-Desai, Umesh Sharma NAV Per Unit (Rs.) FTIBF Crisil Balanced S&P CNX Nifty Fund Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % -0.99% -6.53% Jun 30, 2010 to Jun 30, % 6.04% 6.30% Jun 30, 2009 to Jun 30, % 17.34% 23.80% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 2.78% 2.47% -0.32% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.00% 7.20% 7.15% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 6.18% 4.09% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 13.76% 17.42% Since inception till Jun 29, % N.A 10.90% Last 2 years Last 3 years Last 5 years Last 10 years Since inception ( ) N.A Templeton India Pension Plan (TIPP) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Sachin Padwal-Desai, Umesh Sharma NAV Per Unit (Rs.) TIPP Benchmark* Crisil 10 Year Gilt Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 2.46% 7.10% Jun 30, 2010 to Jun 30, % 4.04% 1.79% Jun 30, 2009 to Jun 30, % 13.63% 3.43% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.97% 3.25% 4.41% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.22% 6.60% 4.08% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 6.52% 6.45% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 11.89% 6.07% Last 15 years (Jun 30, 1997 to Jun 29, 2012) % N.A N.A Since inception till Jun 29, % N.A N.A Last 2 years Last 3 years Last 5 years Last 10 years Last 15 years N.A N.A Since inception ( ) N.A N.A FT India Dynamic PE Ratio Fund Of Funds (FTDPEF) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Anand Radhakrishnan NAV Per Unit (Rs.) FTDPEF BSE Sensex Crisil Balanced Additional Fund Index Benchmark Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % -7.51% -0.99% Not Applicable Jun 30, 2010 to Jun 30, % 6.47% 6.04% Not Applicable Jun 30, 2009 to Jun 30, % 22.13% 17.34% Not Applicable Last 2 years (Jun 30, 2010 to Jun 29, 2012) 5.08% -0.77% 2.47% Not Applicable Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.52% 6.34% 7.20% Not Applicable Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 3.53% 6.18% Not Applicable Since inception till Jun 29, % 15.75% 12.13% Not Applicable Last 2 years Not Applicable Last 3 years Not Applicable Last 5 years Not Applicable Since inception ( ) Not Applicable FT India Life Stage Fund of Funds (FTLF) - Growth Option NAV as at June 29, 2012: (Rs.): The 20s Plan: ; The 30s Plan: ; The 40s Plan: ; The 50s Plus Plan: ; The 50s Plus Floating Rate Plan: Fund Manager: Equity: Anand Radhakrishnan; Debt: Sachin Padwal-Desai, Pallab Roy Current Value of Compounded Annualised Standard Investment of Growth Rate Performance Rs invested at the beginning of the period Jun Jun 30, 2010 Jun 30, 2009 Last Last Last Since Last Last Last since to Jun 30, 2012 to to 2 years 3 years 5 years inception 2 years 3 years 5years inception (Last 1 year) Jun 30, 2011 Jun 30, 2010 (Jun 30, (Jun 30, (Jun 29, till Jun 29, 2010 to 2009 to 2007 to 2012 IUN 29, Jun 29, Jun 29, 2012) 2012) 2012) The 20s Plan - NAV Per Unit (Rs.) The 20s Plan - Returns -0.80% 8.16% 28.42% 3.59% 11.28% 8.28% 16.39% Benchmark* -4.13% 5.75% 19.46% 0.69% 6.59% 4.84% 13.74% The 30s Plan - NAV Per Unit (Rs.) The 30s Plan - Returns 2.50% 8.11% 21.13% 5.27% 10.31% 8.54% 13.20% Benchmark* 0.05% 5.64% 14.84% 2.80% 6.67% 6.09% 11.58% The 40s Plan - NAV Per Unit (Rs.) The 40s Plan - Returns 4.21% 7.45% 19.61% 5.82% 10.23% 9.07% 11.04% Benchmark* 3.28% 5.21% 11.32% 4.24% 6.55% 6.68% 9.51% The 50s Plus Plan - NAV Per Unit (Rs.) The 50s Plus Plan - Returns 5.19% 6.49% 13.06% 5.84% 8.19% 8.26% 8.41% Benchmark* 5.65% 5.24% 8.22% 5.44% 6.36% 6.87% 7.80% Additional Benchmark** Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable The 50s Plus Floating Rate Plan - NAV Per Unit (Rs.) The 50s Plus Floating Rate Plan - Returns 6.29% 6.87% 10.06% 6.58% 7.73% 8.04% 9.74% Benchmark* 5.62% 7.36% 7.07% 6.49% 6.68% 6.92% 9.08% Additional Benchmark*** Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Inception: FTLF 20s Plan/30s Plan/40s Plan/50s plus Plan( ); 50s plus Floating Rate Plan: Templeton India Income Fund (TIIF) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Umesh Sharma, Sachin Padwal-Desai NAV Per Unit (Rs.) TIIF Crisil Composite Crisil 10 Year Bond Fund Index Gilt Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.69% 7.10% Jun 30, 2010 to Jun 30, % 4.58% 1.79% Jun 30, 2009 to Jun 30, % 4.69% 3.43% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 6.93% 6.61% 4.41% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.95% 5.97% 4.08% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 6.81% 6.45% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 6.05% 6.07% Last 15 years (Jun 30, 1997 to Jun 29, 2012) % N.A N.A Since inception till Jun 29, % N.A N.A Last 2 years Last 3 years Last 5 years Last 10 years Last 15 years N.A N.A Since inception ( ) N.A N.A Templeton India Income Builder Account Plan (TIIBA) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager: Umesh Sharma, Sachin Padwal-Desai NAV Per Unit (Rs.) TIIBA Crisil Composite Crisil 10 Year Bond Fund Index Gilt Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.69% 7.10% Jun 30, 2010 to Jun 30, % 4.58% 1.79% Jun 30, 2009 to Jun 30, % 4.69% 3.43% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.63% 6.61% 4.41% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.50% 5.97% 4.08% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 6.81% 6.45% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 6.05% 6.07% Since inception till Jun 29, % N.A N.A Last 2 years Last 3 years Last 5 years Last 10 years Since inception ( ) N.A N.A Templeton India Income Opportunities Fund (TIIOF) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Umesh Sharma, Sachin Padwal-Desai NAV Per Unit (Rs.) TIIOF Crisil Short-Term Crisil 10 Year Bond Fund Index Gilt Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.81% 7.10% Jun 30, 2010 to Jun 30, % 5.59% 1.79% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.04% 7.19% 4.41% Since inception till Jun 29, % 6.75% 4.23% Last 2 years Franklin Templeton Investments 30
31 SCHEME PERFORMANCE Since inception ( ) Templeton India Low Duration Fund (TILDF) - Growth NAV as at June 29, 2012: (Rs.) Fund Manager Sachin Padwal-Desai, Umesh Sharma NAV Per Unit (Rs.) Growth Crisil Short-Term 1 year T-Bill Bond Fund Index # Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.81% 7.73% Since inception from till Jun 29, % 7.80% 6.08% Current Value of Standard Investment of Rs since inception Templeton India Low Duration Fund (TILDF) - Monthly Dividend (MD) NAV as at June 29, 2012: MD: NAV Per Unit (Rs.) MD Crisil Short-Term 1 year T-Bill Bond Fund Index # Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.81% 7.73% Jun 30, 2010 to Jun 30, % 6.73% 4.43% Jun 30, 2009 to Jun 30, % 7.66% 1.97% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.88% 7.77% 6.06% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.77% 7.73% 4.68% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 7.81% 5.52% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 8.59% 5.29% Since inception till Jun 29, % N.A 6.02% Last 2 years Last 3 years Last 5 years Last 10 years Since inception ( ) N.A Templeton India Low Duration Fund (TILDF) - Quarterly Dividend (QD) NAV as at June 29, 2012: (Rs.) QD: NAV Per Unit (Rs.) QD Crisil Short-Term 1 year T-Bill Bond Fund Index # Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.81% 7.73% Jun 30, 2010 to Jun 30, % 6.73% 4.43% Jun 30, 2009 to Jun 30, % 7.66% 1.97% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.88% 7.77% 6.06% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.77% 7.73% 4.68% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 7.81% 5.52% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 8.59% 5.29% Since inception till Jun 29, % N.A 6.02% Last 2 years Last 3 years Last 5 years Last 10 years Since inception ( ) N.A # Index adjusted for the period April 1, 2002 to November 29, 2010 with the performance of Crisil MIP Blended Index. FT India Monthly Income Plan (FTIMIP) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Sachin Padwal-Desai, Umesh Sharma NAV Per Unit (Rs.) FTIMIP Crisil MIP Crisil 10 Year Blended Index Gilt Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 6.54% 7.10% Jun 30, 2010 to Jun 30, % 5.03% 1.79% Jun 30, 2009 to Jun 30, % 7.66% 3.43% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 5.45% 5.78% 4.41% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.69% 6.40% 4.08% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 7.01% 6.45% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 8.19% 6.07% Since inception till Jun 29, % N.A N.A Last 2 years Last 3 years Last 5 years Last 10 years Since inception ( ) N.A N.A Templeton India Government Securities Fund (TGSF) - Growth - Composite Plan (CP) NAV as at June 29, 2012: (Rs.) CP: Fund Manager Sachin Padwal-Desai, Umesh Sharma NAV Per Unit (Rs.) CP I-Sec Crisil 10 Year Composite Gift Index Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 9.79% 7.10% Jun 30, 2010 to Jun 30, % 4.87% 1.79% Jun 30, 2009 to Jun 30, % 4.49% 3.43% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 5.72% 7.30% 4.41% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 3.94% 6.36% 4.08% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 8.23% 6.45% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 7.59% 6.07% Since inception till Jun 29, % N.A N.A Last 2 years Last 3 years Last 5 years Last 10 years Since inception ( ) N.A N.A Templeton India Government Securities Fund (TGSF) - Growth - PF Plan NAV as at June 29, 2012: (Rs.) PF: NAV Per Unit (Rs.) PF I-Sec Crisil 10 Year Composite Gift Index Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 9.79% 7.10% Jun 30, 2010 to Jun 30, % 4.87% 1.79% Jun 30, 2009 to Jun 30, % 4.49% 3.43% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 5.72% 7.30% 4.41% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 3.94% 6.36% 4.08% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 8.23% 6.45% Since inception till Jun 29, % 6.33% 4.18% Last 2 years Last 3 years Last 5 years Since inception ( ) Templeton India Government Securities Fund (TGSF) - Growth - Treasury Plan (TP) NAV as at June 29, 2012: (Rs.) TP: NAV Per Unit (Rs.) TP I-Sec Si-BEX 1 year T-Bill Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 9.30% 7.73% Jun 30, 2010 to Jun 30, % 4.25% 4.43% Jun 30, 2009 to Jun 30, % 5.49% 1.97% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 6.26% 6.74% 6.06% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.15% 6.32% 4.68% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 7.90% 5.52% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 7.00% 5.29% Since inception till Jun 29, % N.A 5.31% Last 2 years Last 3 years Last 5 years Last 10 years Since inception ( ) N.A Templeton India Government Securities Fund (TGSF) - Growth - Long Term Plan (LT) NAV as at June 29, 2012: (Rs.) LT: NAV Per Unit (Rs.) LT I-Sec Li-BEX Crisil 10 Year Gift Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 9.72% 7.10% Jun 30, 2010 to Jun 30, % 5.40% 1.79% Jun 30, 2009 to Jun 30, % 3.96% 3.43% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 5.78% 7.54% 4.41% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 4.13% 6.33% 4.08% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 8.69% 6.45% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 8.26% 6.07% Since inception till Jun 29, % N.A 6.66% Last 2 years Last 3 years Last 5 years Franklin Templeton Investments 31
32 SCHEME PERFORMANCE Last 10 years Since inception ( ) N.A Templeton Floating Rate Income Fund (TFIF) - Growth Option - Retail NAV as at June 29, 2012: (Rs.) Retail: Fund Manager Pallab Roy, Sachin Padwal-Desai NAV Per Unit (Rs.) Retail Crisil Liquid 1 year T-Bill Fund Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.68% 7.73% Jun 30, 2010 to Jun 30, % 7.18% 4.43% Jun 30, 2009 to Jun 30, % 3.29% 1.97% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.46% 7.93% 6.06% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.33% 6.36% 4.68% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 6.84% 5.52% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 6.07% 5.29% Since inception till Jun 29, % N.A 5.31% Last 2 years Last 3 years Last 5 years Last 10 years Since inception ( ) N.A Templeton Floating Rate Income Fund (TFIF) - Growth Option - Institutional Plan (IP) NAV as at June 29, 2012: (Rs.) IP: NAV Per Unit (Rs.) IP Crisil Liquid 1 year T-Bill Fund Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.68% 7.73% Jun 30, 2010 to Jun 30, % 7.18% 4.43% Jun 30, 2009 to Jun 30, % 3.29% 1.97% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.73% 7.93% 6.06% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.62% 6.36% 4.68% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 6.84% 5.52% Since inception till Jun 29, % 6.74% 5.35% Last 2 years Last 3 years Last 5 years Since inception ( ) Templeton Floating Rate Income Fund (TFIF) - Growth Option - Super Institutional Plan (SIP) NAV as at June 29, 2012: (Rs.) SIP: NAV Per Unit (Rs.) SIP Crisil Liquid 1 year T-Bill Fund Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.68% 7.73% Jun 30, 2010 to Jun 30, % 7.18% 4.43% Jun 30, 2009 to Jun 30, % 3.29% 1.97% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 9.21% 7.93% 6.06% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.06% 6.36% 4.68% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 6.84% 5.52% Since inception till Jun 29, % 6.89% 5.58% Last 2 years Last 3 years Last 5 years Since inception ( ) Templeton India Short Term Income Plan (TISTIP) - Growth - Retail Fund Manager Umesh Sharma, Sachin Padwal-Desai NAV as at June 29, 2012: (Rs.) Retail: NAV Per Unit (Rs.) Retail Crisil Short- 1 year T-Bill Term Bond Fund Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.81% 7.73% Jun 30, 2010 to Jun 30, % 5.59% 4.43% Jun 30, 2009 to Jun 30, % 4.85% 1.97% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 7.97% 7.19% 6.06% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.18% 6.40% 4.68% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 7.49% 5.52% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 6.40% 5.29% Since inception till Jun 29, % N.A 5.33% Last 2 years Last 3 years Last 5 years Last 5 years Since inception ( ) N.A Templeton India Short Term Income Plan (TISTIP) - Growth - Institutional Plan (IP) NAV as at June 29, 2012: (Rs.) IP: NAV Per Unit (Rs.) IP Crisil Short- 1 year T-Bill Term Bond Fund Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.81% 7.73% Jun 30, 2010 to Jun 30, % 5.59% 4.43% Jun 30, 2009 to Jun 30, % 4.85% 1.97% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.19% 7.19% 6.06% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.39% 6.40% 4.68% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 7.49% 5.52% Since inception till Jun 29, % 6.94% 5.35% Last 2 years Last 3 years Last 5 years Since inception ( ) Templeton India Ultra Short Bond Fund (TIUBF) - Growth Option NAV as at June 29, 2012: (Rs.) Regular: ; IP: ; SIP: Fund Manager Pallab Roy, Sachin Padwal-Desai Current Value of Compounded Annualised Standard Investment of Growth Rate Performance Rs invested at the beginning of the period Mar 31, 2011 Mar 31, 2010 Mar 31, 2009 Last Last Since Last Last since to Mar 30, 2012 to to 2 years 3 years inception 2 years 3 years inception (Last 1 year) Mar 31, 2011 Mar 31, 2010 (Mar 31, (Mar 31, till Mar 30, on 18th 2010 to 2009 to 2012 Dec 2007 Mar 30, Mar 30, 2012) 2012) Regular - NAV Per Unit (Rs.) Regular - Returns 9.73% 7.66% 4.50% 8.69% 7.27% 7.74% IP - NAV Per Unit (Rs.) IP - Returns 9.95% 7.87% 4.71% 8.90% 7.49% 7.95% SIP - NAV Per Unit (Rs.) SIP - Returns 10.18% 8.01% 4.92% 9.09% 7.68% 8.16% Crisil Liquid Fund Index 8.68% 7.18% 3.29% 7.93% 6.36% 6.91% year T-Bill 7.73% 4.43% 1.97% 6.06% 4.68% 5.53% Templeton India Children's Asset Plan - Growth Option - Educational Plan Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Sachin Padwal-Desai, Umesh Sharma NAV as at June 29, 2012: (Rs.) Education Plan: NAV Per Unit (Rs.) Education Crisil MIP Crisil 10 Year Plan Blended Index Gift Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 6.54% 7.10% Jun 30, 2010 to Jun 30, % 5.03% 1.79% Jun 30, 2009 to Jun 30, % 7.66% 3.43% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.98% 5.78% 4.41% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.93% 6.40% 4.08% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 7.01% 6.45% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 7.80% 6.07% Since inception till Jun 29, % N.A N.A Last 2 years Last 3 years Last 5 years Last 10 years Since inception ( ) N.A N.A Franklin Templeton Investments 32
33 SCHEME PERFORMANCE Templeton India Children's Asset Plan - Growth Option - Gift Plan NAV as at June 29, 2012: (Rs.) Gift Plan: NAV Per Unit (Rs.) Gift Plan Crisil Balanced S&P CNX Nifty Fund Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % -0.99% -6.53% Jun 30, 2010 to Jun 30, % 6.04% 6.30% Jun 30, 2009 to Jun 30, % 17.34% 23.80% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 3.02% 2.47% -0.32% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 8.72% 7.20% 7.15% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 6.18% 4.09% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 9.92% 17.42% Since inception till Jun 29, % N.A 12.60% Last 2 years Last 3 years Last 5 years Last 10 years Since inception ( ) N.A # Benchmark Index has been adjusted for the 10% S&P CNX Nifty + 90% Crisil Composite Bond Fund Index for the period March 28, 2002 to September 9, 2005 Templeton India Treasury Management Account (TITMA) - Growth Option - Retail NAV as at June 29, 2012: (Rs.) Retail: Fund Manager Pallab Roy, Sachin Padwal-Desai NAV Per Unit (Rs.) Retail Crisil Liquid 1 year T-Bill Fund Index Jun 22, 2012 to Jun 29, % 8.31% 4.58% Jun 14, 2012 to Jun 29, % 8.10% 1.62% May 31, 2012 to Jun 29, % 7.46% 7.23% Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.68% 7.73% Jun 30, 2010 to Jun 30, % 7.18% 4.43% Jun 30, 2009 to Jun 30, % 3.29% 1.97% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.12% 7.93% 6.06% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.69% 6.36% 4.68% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 6.84% 5.52% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 6.07% 5.29% Since inception till Jun 29, % N.A 6.33% Last 2 years Last 3 years Last 5 years Last 10 years Since inception ( ) N.A Templeton India Treasury Management Account (TITMA) - Growth Option - Institutional Plan (IP) NAV as at June 29, 2012: (Rs.) IP: NAV Per Unit (Rs.) IP Crisil Liquid 1 year T-Bill Fund Index Jun 22, 2012 to Jun 29, % 8.31% 4.58% Jun 14, 2012 to Jun 29, % 8.10% 1.62% May 31, 2012 to Jun 29, % 7.46% 7.23% Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.68% 7.73% Jun 30, 2010 to Jun 30, % 7.18% 4.43% Jun 30, 2009 to Jun 30, % 3.29% 1.97% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.39% 7.93% 6.06% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.96% 6.36% 4.68% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 6.84% 5.52% Since inception till Jun 29, % 6.39% 5.22% Last 2 years Last 3 years Last 5 years Since inception ( ) Templeton India Treasury Management Account (TITMA) - Growth Option - Super Institutional Plan (SIP) NAV as at June 29, 2012: (Rs.) SIP: NAV Per Unit (Rs.) SIP Crisil Liquid 1 year T-Bill Fund Index Jun 22, 2012 to Jun 29, % 8.31% 4.58% Jun 14, 2012 to Jun 29, % 8.10% 1.62% May 31, 2012 to Jun 29, % 7.46% 7.23% Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.68% 7.73% Jun 30, 2010 to Jun 30, % 7.18% 4.43% Jun 30, 2009 to Jun 30, % 3.29% 1.97% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 8.76% 7.93% 6.06% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 7.29% 6.36% 4.68% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 6.84% 5.52% Since inception till Jun 29, % 6.74% 5.36% Last 2 years Last 3 years Last 5 years Since inception ( ) Templeton India Cash Management Account (TICMA) - Growth Option Fund Manager Pallab Roy, Umesh Sharma NAV as at June 29, 2012: (Rs.) NAV Per Unit (Rs.) TICMA Crisil Liquid 1 year T-Bill Fund Index Jun 22, 2012 to Jun 29, % 8.31% 4.58% Jun 14, 2012 to Jun 29, % 8.10% 1.62% May 31, 2012 to Jun 29, % 7.46% 7.23% Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 8.68% 7.73% Jun 30, 2010 to Jun 30, % 7.18% 4.43% Jun 30, 2009 to Jun 30, % 3.29% 1.97% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 6.47% 7.93% 6.06% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.13% 6.36% 4.68% Last 5 years (Jun 29, 2007 to Jun 29, 2012) % 6.84% 5.52% Last 10 years (Jun 28, 2002 to Jun 29, 2012) % 6.07% 5.29% Since inception till Jun 29, % N.A 5.68% Last 2 years Last 3 years Last 5 years Last 10 years Since inception ( ) N.A Franklin Templeton Fixed Tenure Fund - (FTFTF IX B) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy NAV Per Unit (Rs.) FTFTF IX B - Benchmark * Crisil 10 Year 5 Year Gift Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 4.86% 7.10% Jun 30, 2010 to Jun 30, % 4.56% 1.79% Jun 30, 2009 to Jun 30, % 10.10% 3.43% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.13% 4.71% 4.41% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.33% 6.48% 4.08% Since inception till Jun 29, % 5.88% 5.93% Last 2 years Last 3 years Since inception ( ) *25% S&P CNX % Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index Franklin Templeton Fixed Tenure Fund - (FTFTF X C) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy NAV Per Unit (Rs.) FTFTF X C - Benchmark * Crisil 10 Year 5 Year Gift Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 4.86% 7.10% Jun 30, 2010 to Jun 30, % 4.56% 1.79% Jun 30, 2009 to Jun 30, % 10.10% 3.43% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 3.83% 4.71% 4.41% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 6.52% 6.48% 4.08% Since inception till Jun 29, % 7.16% 7.43% Last 2 years Franklin Templeton Investments 33
34 SCHEME PERFORMANCE Last 3 years Since inception ( ) *25% S&P CNX % Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index Franklin Templeton Fixed Tenure Fund - (FTFTF X D) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy NAV Per Unit (Rs.) FTFTF X D - Benchmark * Crisil 10 Year 5 Year Gift Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 4.86% 7.10% Jun 30, 2010 to Jun 30, % 4.56% 1.79% Jun 30, 2009 to Jun 30, % 10.10% 3.43% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 3.92% 4.71% 4.41% Last 3 years (Jun 30, 2009 to Jun 29, 2012) 5.87% 6.48% 4.08% Since inception till Jun 29, % 8.69% 6.86% Last 2 years Last 3 years Since inception ( ) *25% S&P CNX % Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index Franklin Templeton Fixed Tenure Fund (FTFTF XII A) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy NAV Per Unit (Rs.) FTFTF XII A - Benchmark * Crisil 10 Year 5 Year Gift Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 5.64% 7.10% Jun 30, 2010 to Jun 30, % 4.63% 1.79% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.25% 5.14% 4.41% Since inception till Jun 29, % 5.66% 5.07% Last 2 years Since inception ( ) *20% S&P CNX % Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index Franklin Templeton Fixed Tenure Fund - Series XII - Plan A (FTFTF XII A) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy NAV Per Unit (Rs.) FTFTF XII A - Benchmark * Crisil 10 Year 3 Year Gift Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 5.64% 7.10% Jun 30, 2010 to Jun 30, % 4.63% 1.79% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.29% 5.14% 4.41% Since inception till Jun 29, % 5.69% 4.38% Last 2 years Since inception ( ) *20% S&P CNX % Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index Franklin Templeton Fixed Tenure Fund - Series XIII - Plan C (FTFTF XIII C) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy NAV Per Unit (Rs.) FTFTF XIII C - Benchmark * Crisil 10 Year 5 Year Gift Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 4.86% 7.10% Jun 30, 2010 to Jun 30, % 4.56% 1.79% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 3.66% 4.71% 4.41% Since inception till Jun 29, % 4.82% 5.22% Last 2 years Since inception ( ) *25% S&P CNX % Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index Franklin Templeton Fixed Tenure Fund Series XIV - Plan A (FTFTF XIV A) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy NAV Per Unit (Rs.) FTFTF XII C - Benchmark * Crisil 10 Year 3 Year Gift Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 5.64% 7.10% Since inception from till Jun 29, % 5.05% 4.80% since inception *20% S&P CNX % Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index Franklin Templeton Fixed Tenure Fund - Series XIV - Plan A (FTFTF XIV B) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy NAV Per Unit (Rs.) FTFTF XIV A - Benchmark * Crisil 10 Year 3 Year Gift Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 5.64% 7.10% Since inception from till Jun 29, % 3.75% 5.39% since inception *20% S&P CNX % Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index Franklin Templeton Fixed Tenure Fund - Series XV - Plan B (FTFTF XV ) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy NAV Per Unit (Rs.) FTFTF XV - Benchmark * Crisil 10 Year 3 Year Gift Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 5.64% 7.10% Since inception from till Jun 29, % 6.38% 6.11% since inception *20% S&P CNX % Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index Franklin Templeton Fixed Tenure Fund - Series XII - Plan B (FTFTF XII B) - Growth Option NAV as at June 29, 2012: (Rs.) Fund Manager Equity:Anand Radhakrishnan, Anil Prabhudas; Debt:Umesh Sharma, Pallab Roy NAV Per Unit (Rs.) FTFTF XII B - Benchmark * Crisil 10 Year 3 Year Gift Index Jun 30, 2011 to Jun 29, 2012 (Last 1 year) % 5.64% 7.10% Jun 30, 2010 to Jun 30, % 4.63% 1.79% Last 2 years (Jun 30, 2010 to Jun 29, 2012) 4.28% 5.14% 4.41% Since inception till Jun 29, % 5.47% 4.75% Last 2 years Since inception ( ) *20% S&P CNX % Crisil Composite Bond Fund Index + 10% Crisil Liquid Fund Index Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized Performance of close-ended funds are not strictly comparable with that of open-ended schemes since its investment strategy is primarily buy-and-hold whereas opened-ended schemes are actively managed Given the asset allocation, hybrid fund performance are not comparable with pure equity/debt fund performance and that of Additional Benchmarks For liquid funds, the less than 1 year returns are simple annualised Performance of dividend plan/option would be net of distribution tax Load has not been taken into consideration. Dividends assumed to be reinvested and Bonus is adjusted. Franklin Templeton Investments 34
Balance your asset allocation Dynamically Franklin India Dynamic PE Ratio Fund of Funds
Balance your asset allocation Dynamically Franklin India Dynamic PE Ratio Fund of Funds November 2017 Return What does an investor expect from Investments? Moderate Return Moderate Risk Risk The Average
More informationFranklin Templeton Mutual Fund
Franklin Templeton Asset Management (India) Pvt. Ltd. Franklin Templeton Mutual Fund Key Information Memorandum and Common Application Form Sale of units on an ongoing basis at a Net Asset Value (NAV)
More informationFranklin Templeton Mutual Fund
Franklin Templeton Asset Management (India) Pvt. Ltd. Franklin Templeton Mutual Fund Key Information Memorandum and Common Application Form Sale of units on an ongoing basis at a Net Asset Value (NAV)
More informationHave a Fine Balance in your portfolio. Franklin India Balanced Fund* November *Please refer Slide 12 for product label and riskometer
Have a Fine Balance in your portfolio Franklin India Balanced Fund* November 2017 *Please refer Slide 12 for product label and riskometer Choosing the Right Path Consider you are on a holiday and have
More informationFranklin India Corporate Bond Opportunities Fund (FICBOF) November 2017
Franklin India Corporate Bond Opportunities Fund (FICBOF) November 2017 Popular Strategies followed by Debt Mutual Funds to generate α High Accrual Led Strategies Primary objective is to generate accrual
More informationParticipate in one of the key drivers of Growth & Development in India
Participate in one of the key drivers of Growth & Development in India DATE OF ALLOTMENT December 28, 2015 BENCHMARK Nifty Financial Services TRI (WEF From 1st February 2018) FUND SIZE Rs.261.73 (Rs. in
More informationFranklin India Flexi Cap Fund*
Franklin India Flexi Cap Fund* A flexible approach to allocate between Scale & Scope November 2017 *Please refer Slide 8 for Product Label 0 What do Multi-caps offer? Diversification across SECTORS Relatively
More informationHow much will your current lifestyle cost at 60?
(PROGRESSIVE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01, 2011 BENCHMARK S&P BSE Sensex TRI (WEF From 1st February 2018) FUND SIZE Rs.547.64 (Rs. in Cr.) MONTHLY
More informationHow much will your current lifestyle cost at 60?
(MODERATE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01,2011 BENCHMARK CRISIL Hybrid 25+75 - Aggressive Index (WEF From 1st February 2018) FUND SIZE: Rs.856.45 (Rs.
More informationHow much will your current lifestyle cost at 60?
(PROGRESSIVE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01, 2011 BENCHMARK S&P BSE Sensex TRI (WEF From 1st February 2018) FUND SIZE Rs.474.87 (Rs. in Cr.) MONTHLY
More informationYou work hard to earn money. Invest it wisely
You work hard to earn money. Invest it wisely DATE OF ALLOTMENT September 03,2003 BENCHMARK I-Sec Composite Index FUND SIZE Rs.1136.26 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.1140.43 (Rs. in Cr.) EXIT LOAD
More informationYou work hard to earn money. Invest it wisely
You work hard to earn money. Invest it wisely DATE OF ALLOTMENT September 03,2003 BENCHMARK I-Sec Composite Index FUND SIZE Rs.1141.39 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.1142.50 (Rs. in Cr.) EXIT LOAD
More informationYou look for options in everything you do. Why not when it comes to your tax-saving instruments? Before you invest, #AskWhatELSS
You look for options in everying you do. Why not when it comes to your tax-saving instruments? Before you invest, #AskWhatELSS November 2015 Few Questions That Boer Investors??Ÿ Tax saving avenues: Traditional
More informationHow much will your current lifestyle cost at 60?
(MODERATE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01,2011 BENCHMARK CRISIL Hybrid 25+75 - Aggressive Index (WEF From 1st February 2018) FUND SIZE: Rs.772.12 (Rs.
More informationHow much will your current lifestyle cost at 60?
(MODERATE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01,2011 BENCHMARK CRISIL Hybrid 25+75 - Aggressive Index (WEF From 1st February 2018) FUND SIZE: Rs.733.18 (Rs.
More informationYou work hard to earn money. Invest it wisely
You work hard to earn money. Invest it wisely DATE OF ALLOTMENT August 08,2002 BENCHMARK Crisil Short Term Bond Fund Index FUND SIZE Rs.6495.06 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.6872.16 (Rs. in Cr.)
More informationYou work hard to earn money. Invest it wisely
You work hard to earn money. Invest it wisely DATE OF ALLOTMENT August 08,2002 BENCHMARK Crisil Short Term Bond Fund Index FUND SIZE Rs.7122.84 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.6877.3 (Rs. in Cr.) EXIT
More informationHow much will your current lifestyle cost at 60?
(PROGRESSIVE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01, 2011 BENCHMARK S&P BSE Sensex TRI (WEF From 1st February 2018) FUND SIZE Rs.467.54 (Rs. in Cr.) MONTHLY
More informationFranklin India Prima Plus*
Franklin India Prima Plus* Add Scale & Scope to your portfolio November 2017 *Please refer Slide 9 for Product Label 0 What do Multi-caps offer? Diversification across SECTORS Relatively lower volatility
More informationFranklin Templeton Mutual Fund KEY INFORMATION MEMORANDUM AND COMMON APPLICATION FORM
Franklin Templeton Asset Management (India) Pvt. Ltd. Franklin Templeton Mutual Fund KEY INFORMATION MEMORANDUM AND COMMON APPLICATION FORM FOR OPEN END INCOME AND LIQUID FUNDS Offer for units on an ongoing
More informationL&T Short Term Income Fund (An Open Ended Income Scheme) April 2013
L&T Short Term Income Fund (An Open Ended Income Scheme) April 2013 Content Economy Update Fixed Income - Investment Opportunities Current Fund Positioning RBI Focus slowly shifting from inflation to growth
More informationFIXED INCOME UPDATE 1
1 FIXED INCOME UPDATE Abstract Rates are headed down on lower inflation Inflation is likely to hit the RBI s disinflationary path Bond yields may further fall on continuation of rate cuts Macro conditions
More informationYou look for options in everything you do. Why not when it comes to your tax-saving instruments? Before you invest, #AskWhatELSS
You look for options in everying you do. Why not when it comes to your tax-saving instruments? Before you invest, #AskWhatELSS February 2016 Few Questions That Boer Investors??Ÿ Tax saving avenues: Traditional
More informationHow much will your current lifestyle cost at 60?
(MODERATE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01,2011 BENCHMARK CRISIL Balanced Fund - Aggressive Index FUND SIZE Rs.370.53 (Rs. in Cr.) MONTHLY AVERAGE AUM
More informationYou work hard to earn money. Invest it wisely
You work hard to earn money. Invest it wisely DATE OF ALLOTMENT August 08,2002 BENCHMARK Crisil Short Term Bond Fund Index FUND SIZE Rs.6263.63 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.6164.44 (Rs. in Cr.)
More informationExplore the Investment potential of your Savings. November 2017
Explore the Investment potential of your Savings November 2017 Few questions that bother investors? Tax saving avenues: Traditional or New? What additional benefits do ELSS offer? Is ELSS* a prudent avenue?
More informationSBI Magnum Income Fund
SBI Magnum Income Fund This product is suitable for investors who are seeking: Investment in debt and money- market securities Regular income for medium term Moderate risk SBI Magnum Income Fund Disclaimer:
More informationYou work hard to earn money. Invest it wisely
You work hard to earn money. Invest it wisely DATE OF ALLOTMENT August 08,2002 BENCHMARK Crisil Short Term Bond Fund Index FUND SIZE Rs.6230.70 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.6367.03 (Rs. in Cr.)
More informationYou work hard to earn money. Invest it wisely
You work hard to earn money. Invest it wisely DATE OF ALLOTMENT August 08,2002 BENCHMARK Crisil Short Term Bond Fund Index FUND SIZE Rs.6270.03 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.6258.57 (Rs. in Cr.)
More informationAxis Corporate Debt Fund. (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds)
Axis Corporate Debt Fund (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) Macro economic indicators are showing signs of stability Indicator Current* Outlook Inflation
More informationPresenting. (An Open-Ended Balanced Scheme) August 2012
Presenting HDFC Balanced Fund (An Open-Ended Balanced ) August 2012 1 Table of Contents Balanced Fund- Basics Product Rationale and Asset Allocation Pattern Investment Strategy Portfolio Composition Performance
More informationKey highlights. RBI surprised markets by not hiking rates; however changed the stance to calibrated tightening. 10 year G-Sec Yield(%)
Key highlights RBI surprised markets by not hiking rates; however changed the stance to calibrated tightening Repo Rate maintained by RBI at 6.50% Liquidity squeezed in money market Regulators come to
More informationParticipate in the Digital Transformation of India
Participate in the Digital Transformation of India DATE OF ALLOTMENT December 28, 2015 BENCHMARK S&P BSE IT TRI FUND SIZE Rs.111.56 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.90.94 (Rs. in Cr.) EXIT LOAD: 0.25%
More informationHistory Has Shown The Advantage Of True Diversification
History Has Shown The Advantage Of True Diversification Returns of asset classes Year Stocks Bonds Gold Average 1995-23% 3% 14% -2% 1996-1% 13% -3% 3% 1997 20% 24% -14% 10% 1998-18% 8% 8% 0% 1999 67% 16%
More informationSBI DYNAMIC BOND FUND
SBI DYNAMIC BOND FUND This product is suitable for investors who are seeking: Investment in debt and money- market securities Regular income for medium term Moderate risk SBI Dynamic Bond Fund Disclaimer:
More informationEquity Market Update Debt Market Update
Equity Market Update In the month of June, BSE 30 Sensex witnessed a strong upward trend gaining 4.46% and closing at 17,700. Robust GDP growth in Q4 March 2010, above-average IIP numbers, higher advance
More informationEquity: Buy on dips. Build portfolio for long term wealth creation Fixed Income: Invest in short to medium duration funds
Equity: Buy on dips. Build portfolio for long term wealth creation Fixed Income: Invest in short to medium duration funds 1 Month Returns' (%) Global Indices Among the emerging countries India outperformed
More informationCANARA ROBECO MEDIUM TERM OPPORTUNITIES FUND FEBRUARY 2018
CANARA ROBECO MEDIUM TERM OPPORTUNITIES FUND FEBRUARY 2018 This product is suitable for investors who are seeking* Income/Capital appreciation over medium to long-term Investment in Debt and Money Market
More informationCANARA ROBECO DYNAMIC BOND FUND JULY 2018
CANARA ROBECO DYNAMIC BOND FUND JULY 2018 Canara Robeco Dynamic Bond Fund An open ended dynamic debt scheme investing across duration This product is suitable for investors who are seeking* Income/ Capital
More informationRiskometer. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
1 Product Labeling This product is suitable for investors who are seeking*: Regular income and capital appreciation. To generate income by investing in arbitrage opportunities in the cash and derivatives
More informationAUDITORS REPORT. To the Board of Directors of Trustees of FRANKLIN TEMPLETON MUTUAL FUND FRANKLIN TEMPLETON FIXED TENURE FUND SERIES X - PLAN B
AUDITORS REPORT To the Board of s of Trustees of FRANKLIN TEMPLETON MUTUAL FUND SERIES X PLAN B 1. We have audited the attached balance sheet of FRANKLIN TEMPLETON MUTUAL FUND SERIES X PLAN B (the Scheme
More informationInvesting in the Capital Protection Oriented Fund is like asking your dad for advice. You can be sure you don t risk too much.
Investing in the Capital Protection Oriented Fund is like asking your dad for advice. You can be sure you don t risk too much. CANARA ROBECO Capital Protection Oriented Fund - Series 7 (A Close Ended Capital
More informationFixed Income Update October 2015
Month Overview Average Liquidity Support by RBI Rs -5,527 Cr. Includes: LAF, MSF, SLF & Term Repo Bank Credit Growth Money Market Bank Deposit Growth 9.6% 11.6% Change in basis points Tenure CD Change
More informationMonthly Market Outlook December Equities Invest in Equities for the long-run Fixed Income The appeal remains intact
Monthly Market Outlook December 2015 Equities Invest in Equities for the long-run Fixed Income The appeal remains intact Returns' (%) Source: MFI; Date ending on November 30, 2015 Global Performance Countries
More informationCanara Robeco Emerging Equities. Type/Category: Open Ended Equity Scheme. (Indicative) (Indicative) Min Max Min Max Min Max Min Max Equity and
Key Disclosure Canara Robeco Infrastructure Type/category: Open Ended Equity Investment Objective: To generate income/capital appreciation by investing in equities and equity related instruments of companies
More informationInvest in the spending power of a billion people.
Invest in the spending power of a billion people. DATE OF ALLOTMENT December 28, 2015 BENCHMARK Nifty India Consumption TRI (WEF From 1st February 2018) FUND SIZE Rs.1299.82 (Rs. in Cr.) MONTHLY AVERAGE
More informationFor product labelling please refer to slide no 16
For product labelling please refer to slide no 16 Structural bull markets see intermittent correction phases Actively managed Small & Midcap funds vs Indices -11.9% -13.4% -19.4% -34.5% -15.7% Growth of
More informationThink Of Us Before You Invest
Think Of Us Before You Invest DATE OF ALLOTMENT March 31,1996 BENCHMARK S&P BSE Sensex FUND SIZE Rs.679.21 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.668.51 (Rs. in Cr.) EXIT LOAD Nil (Compulsory lock-in period
More informationM O N T H L Y R E P O R T F E B R U A R Y Schemes - Product Labeling THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*
TIMES M O N T H L Y R E P O R T F E B R U A R Y 2 0 1 4 Schemes - Product Labeling Name of the Scheme Taurus Starshare An open end equity growth scheme Taurus Ethical Fund An open end equity oriented scheme
More informationMarket Insight RBI S ANNUAL POLICY (FY 11) A PERSPECTIVE SALIENT POINTS
Market Insight APRIL 20, 2010 RBI S ANNUAL POLICY (FY 11) A PERSPECTIVE SALIENT POINTS Monetary Measures: - Repo and Reverse repo rates (refer glossary) increased by 25 bps to 5.25% and 3.75% respectively,
More informationA world of investment opportunities from Religare Invesco Mutual Fund
Key Information Memorandum & Common Application Form A world of investment opportunities from Religare Invesco Mutual Fund Debt Schemes Religare Invesco Liquid Fund Religare Invesco Ultra Short Term Fund
More informationAUDITORS REPORT. To the Board of Directors of Trustees of FRANKLIN TEMPLETON MUTUAL FUND TEMPLETON INDIA TREASURY MANAGEMENT ACCOUNT
AUDITORS REPORT To the Board of Directors of Trustees of FRANKLIN TEMPLETON MUTUAL FUND TEMPLETON INDIA TREASURY MANAGEMENT ACCOUNT 1. We have audited the attached balance sheet of FRANKLIN TEMPLETON MUTUAL
More informationAims to achieve the right blend of Growth and Tax Saving
Aims to achieve the right blend of Growth and Tax Saving DATE OF ALLOTMENT March 31,1996 BENCHMARK S&P BSE Sensex FUND SIZE Rs.981.23 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.939.37 (Rs. in Cr.) EXIT LOAD Nil
More informationBECAUSE THEIR SMILE MEANS THE WORLD TO YOU.
MAGNUM CHILDREN S BENEFIT PLAN An Open-ended Income Scheme BECAUSE THEIR SMILE MEANS THE WORLD TO YOU. Secure their future by investing in SBI Magnum Children's Benefit Plan. A PLAN TO MEET YOUR CHILD
More informationWhy Small and Midcap Companies
August 2012 1 Why Small and Midcap Companies Superior Growth Growth Presence in generally new & faster growing segments MATURITY Ability to gain share due to DECLINE new technology, better products / services
More informationMutual Fund Screener For the quarter ended Jun -18
Mutual Fund Screener For the quarter ended Jun -18 Mutual Fund Screener What s Inside 01 Industry Size 02 Investor Trends 03 Inflow Outflow Analysis 04 Sector Update 05 Category Performance 06 Industry
More informationSTRIVE FOR BALANCE BETWEEN GROWTH AND STABILITY.
MAGNUM BALANCED FUND An Open-ended Balanced Scheme STRIVE FOR BALANCE BETWEEN GROWTH AND STABILITY. Invest in a mix of equity and debt with SBI Magnum Balanced. BALANCED FUNDS A Balanced aims to balance
More informationHSBC Asset Management (India) Private Limited
HSBC Asset Management (India) Private Limited Annual Report 2014-2015 DIRECTORS REPORT FOR THE YEAR ENDED MARCH 31, 2015 The Shareholders HSBC Asset Management (India) Private Limited The Directors of
More informationKEY INFORMATION MEMORANDUM AND APPLICATION FORM FOR
Axis Asset Management Company Limited (Investment Manager) KEY INFORMATION MEMORANDUM AND APPLICATION FORM FOR AXIS EQUITY FUND (An open-ended growth scheme) AXIS ENHANCED ARBITRAGE FUND (An open-ended
More informationFlow of the Presentation
Flow of the Presentation Characteristics of Equity & Debt Investor Requirement Hybrid Funds Benefit from Dual Advantage SBI Dual Advantage Fund Series V Disclaimer Characteristics of Equity & Debt % CAGR
More informationUTI Dual Advantage Fixed Term Fund Series IV I (1279 days)
UTI Dual Advantage Fixed Term Fund Series IV I (1279 days) (A Close-ended Hybrid Scheme) NFO Opens: November 22, 2016 NFO Closes: December 06, 2016 RISKOMETER The product is suitable for investors who
More informationReliance Focused Large Cap Fund
Reliance Focused Large Cap Fund Formerly, Reliance Equity Fund (An open ended Diversified Equity Scheme) To know more call us at 1800 300 11111 visit www.reliancemutual.com Download Free App Download with
More informationCanara Robeco Short Term Fund Open Ended Debt Scheme
Canara Robeco Short Term Fund Open Ended Debt Scheme December 2017 This product is suitable for investors who are seeking* Income / capital appreciation over short term Investing in short term to medium
More informationDividend Yield Plus. Birla Sun Life. Monthly Factsheet I July For further details of the scheme, please refer to page no. 37
Monthly Factsheet I July 2012 Life Yield Plus An Open ended Scheme For further details of the scheme, please refer to page no. 37 Index All About Mutual Funds 01 Savings Solutions 04 Regular Income Solutions
More informationCommon Key Information Memorandum for Debt and Liquid Schemes
Common Key Information Memorandum for Debt and Liquid Schemes Continuous Offer of Units at NAV based prices This Common Key Information Memorandum (KIM) sets forth the information, which a prospective
More informationKEY INFORMATION MEMORANDUM AND APPLICATION FORM FOR
Axis Asset Management Company Limited (Investment Manager) KEY INFORMATION MEMORANDUM AND APPLICATION FORM FOR AXIS EQUITY FUND (An open-ended growth scheme) AXIS TRIPLE ADVANTAGE FUND (An open-ended hybrid
More informationMarket Outlook. Nifty % Sensex %
Market Outlook 22000 BSE NSE 6500 Key Indices 30-Apr-13 31-Mar-13 % Change 21000 20000 19000 18000 17000 16000 15000 6000 5500 5000 4500 4000 3500 Nifty 5930.20 5682.55 4.36% Sensex 19504.18 18835.77 3.55%
More informationSBI DYNAMIC BOND FUND
SBI DYNAMIC BOND FUND This product is suitable for investors who are seeking: Investment in debt and money- market securities Regular income for medium term Low risk SBI Dynamic Bond Fund Disclaimer: Investors
More information*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Product Labeling This product is suitable for investors who are seeking*: Long term capital appreciation and current income Investment in equity and equity related instruments as well as fixed income securities
More informationInvestment Strategy Equity & Debt, February, 2018
Investment Strategy Equity & Debt, February, 2018 Key pointers on budget numbers The government expects total receipts to grow at 10% in FY2019BE based on 11.5% nominal GDP growth. o FY2019 is likely to
More informationMirae Asset Emerging Bluechip Fund (MAEBF)
Mirae Asset Emerging Bluechip Fund (MAEBF) (An Open Ended Equity Fund) Product Literature December 2014 MAEBF Our Goal Our endeavour has been to Spot the Potential of Emerging Companies and consistently
More informationMONTHLY UPDATE NOVEMBER 2018
MONTHLY UPDATE NOVEMBER 2018 November 2018 A champion is defined not by their wins but by how they can recover when they fall. Equity markets - Serena Williams Indices 31 st Oct 2018 30 th Nov 2018 1 Month
More informationInvest in the spending power of a billion people.
Invest in the spending power of a billion people. DATE OF ALLOTMENT December 28, 2015 BENCHMARK Nifty India Consumption TRI (WEF From 1st February 2018) FUND SIZE Rs.1118.33 (Rs. in Cr.) MONTHLY AVERAGE
More informationIndex. Pg 1. Market Outlook. Pg 3. Fund Managers Profile. Pg 4. Fund Performance. Pg 5. Secure Fund. Pg 6. Stable Fund. Pg 7. Growth Fund.
April 2014 Index as on 30th April 2014 Market Outlook Pg 1 Fund Managers Profile Pg 3 Fund Performance Pg 4 Secure Fund Pg 5 Stable Fund Pg 6 Growth Fund Pg 7 Growth Advantage Fund Pg 8 Money Market Fund
More informationUltra Short Term Funds - UST
Ultra Short Term Funds - UST Oct 2016 Ultra Short Term Funds Ultra-short Term funds are Mutual Fund Schemes that maintains low duration and generally invest in fixed income securities with extremely short
More informationFlow of the Presentation
Flow of the Presentation Characteristics of Equity & Debt Investor Requirement Hybrid Funds Benefit from Dual Advantage SBI Dual Advantage Fund Series XXVI Disclaimer Characteristics of Equity & Debt %
More informationAxis Dynamic Equity Fund. (An open ended dynamic asset allocation fund)
Axis Dynamic Equity Fund (An open ended dynamic asset allocation fund) Net equity inflow --> Nifty 50 Index Emotions and Impact Manual market timing Emotions have impacted investment decisions 20.7% Value
More informationMutual Fund Screener For the quarter ended Dec-17
Mutual Fund Screener For the quarter ended Dec-17 Mutual Fund Screener What s Inside 01 Industry Size 02 Investor Trends 03 Inflow Outflow Analysis 04 Sector Update 05 Category Performance 06 Industry
More informationSBI Money-Market Funds
SBI Money-Market Funds This product is suitable for investors who are seeking: Investment in debt and money- market securities SBI Premier Liquid Fund Regular income for short term Low risk SBI Ultra Short
More informationEquity Market. Nifty % 6000 Sensex % BSE % Dow Jones
Equity Market 22000 Sensex Nifty 6500 Key Indices 31-31-Dec-10 % Change Nifty 5505.90 6134.50-10.25% 20000 6000 Sensex 18327.76 20509.09-10.64% 18000 5500 5000 BSE 100 9569.01 10675.02-10.36% Dow Jones
More informationFixed Income Presentation. December 2012
Fixed Income Presentation December 2012 Index 1 Domestic Environment 2 Bond market outlook 3 Products in Focus 2 Domestic Macro November inflation at 7.2% surprised on the downside supported by a falling
More informationUTI Mutual Fund UTI Asset Management Company Limited UTI Trustee Company Private Limited
UTI Mutual Fund UTI Asset Management Company Limited UTI Trustee Company Private Limited UTI Tower, Gn Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051. Tel: (022) 6678 6666, Email:service@uti.co.in,
More informationMutual Fund Screener For the quarter ended Mar-18
Mutual Fund Screener For the quarter ended Mar-18 Mutual Fund Screener What s Inside 01 Industry 02 Investor 03 Inflow Outflow 04 Sector Size Trends Analysis Update 05 Category Performance 06 Industry
More informationFlow of the Presentation
Flow of the Presentation Characteristics of Equity & Debt Investor Requirement Hybrid Funds Benefit from Dual Advantage SBI Dual Advantage Fund Series XIX Disclaimer Characteristics of Equity & Debt %
More informationInvest in the spending power of a billion people.
Invest in the spending power of a billion people. DATE OF ALLOTMENT December 28, 2015 BENCHMARK Nifty India Consumption TRI (WEF From 1st February 2018) FUND SIZE Rs.788.83 (Rs. in Cr.) MONTHLY AVERAGE
More information1 April, 2019 CONTENTS
CONTENTS Industry & Fund Update 2 New Fund Offers 3 Performance of Equity Funds 4 Performance of Balanced Funds 5 Performance of Debt Funds 6 Performance of Fund Of Funds 7 st 1 April, 2019 INDUSTRY &
More informationKEY INFORMATION MEMORANDUM: INCOME SCHEMES
KEY INFORMATION MEMORANDUM: INCOME SCHEMES NAME OF THE SCHEMES THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING* RISKOMETER UTI-Liquid Cash Plan (An Open-ended Income Scheme) Steady and reasonable
More informationKotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund 36-38A, Nariman Bhavan 227, Nariman Point Mumbai - 400 021 KEY INFORMATION MEMORANDUM & APPLICATION FORMS CONTINUOUS OFFER: Unit of all s available at prices related to Applicable
More informationKey Information Memorandum Cum Application Forms
Key Information Memorandum Cum Application Forms Scheme Name This product is suitable for investors who are seeking* Scheme Name This product is suitable for investors who are seeking* AXIS EQUITY FUND
More informationMutual Funds. Fortune Equity Brokers (India) Ltd.
Mutual Funds A simple tool to achieve financial i goals.. What is Mutual Funds? Passed back to Generates Returns = Investor Pools money with Fund House Fund Managers invest in Capital Market Types of Mutual
More informationComparative Performance of all schemes as on May 31, 2018
Tata Equity P/E Fund - Reg - Growth 11,354 13.54 15,407 15.45 29,968 24.53 138,983 20.80 29-Jun-04 Scheme Benchmark () 11,508 15.08 13,251 9.81 19,163 13.88 85,334 16.64 Fund Manager: Sonam Udasi (Managing
More informationLife needs balance. So do your investments. HSBC Equity Hybrid Fund NFO open from: 28 Sep - 12 Oct 2018
Life needs balance. So do your investments HSBC Equity Hybrid Fund NFO open from: 28 Sep - 12 Oct 2018 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12
More informationMirae Asset Emerging Bluechip Fund (MAEBF)
Mirae Asset Emerging Bluechip Fund (MAEBF) (An Open Ended Equity Fund) Product Literature April 2015 MAEBF Our Goal Our endeavour has been to Spot the Potential of Emerging Companies and consistently outperform
More informationEquity & Debt Strategy
Equity & Debt Strategy Mid Aug Sept 2 Equity Market Update & Equity MF Strategy Nifty was up 6% in July post good results by HDFC Bank and Reliance Both Large and Mid Cap index did well in July Both FII
More informationMid-Quarter Monetary Policy Review
18 December, 2013 Mid-Quarter Monetary Policy Review RBI maintained status quo in the mid-quarter monetary policy meeting held today preferring to wait and watch for more forthcoming macro-economic data
More informationWhat is Capital Protection Oriented Funds (CPOF)?
What is Capital Protection Oriented Funds (CPOF)? CPOF is a close ended hybrid fund, which primarily endeavours to protect capital with a secondary objective of providing growth opportunities, over the
More informationReliance Capital Builder Fund II Series C (A Close Ended Equity Oriented Scheme)
Reliance Capital Builder Fund II Series C (A Close Ended Equity Oriented Scheme) Offer for Sale of Units at Rs.10/- per unit during the new fund offer period Tenure 3 years from the date of allotment of
More informationReligare Invesco Mid N Small Cap Fund
Religare Invesco Mid N Small Cap Fund An Open Ended Equity Scheme Suitable for investors who are seeking*: Capital appreciation over long term Investment predominantly in equity and equityrelated instruments
More informationKotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund 36-38A, Nariman Bhavan, 227, Nariman Point, Mumbai - 400 021 KEY INFORMATION MEMORANDUM & APPLICATION FORMS CONTINUOUS OFFER: Unit of all s available at prices related to Applicable
More informationPresentation on Equity Markets. 10 th Jul 18
Presentation on Equity Markets 10 th Jul 18 Performance: Regional markets 2 Performance: Sectoral Indices 3 International: Factors influencing markets Global Growth: Trade War: EM Currency: Expected growth
More information