Axis Corporate Debt Fund. (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds)
|
|
- Amelia Gilbert
- 5 years ago
- Views:
Transcription
1 Axis Corporate Debt Fund (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds)
2 Macro economic indicators are showing signs of stability Indicator Current* Outlook Inflation (CPI) 2.3% Interest Rate (Repo Rate) 6.5% RBI s focus on inflation is likely to keep rates stable over the year Real Rate 4.2% Positive real rates Crude (Brent $/bbl) 58.7 Falling crude has made the terms of trade once again back in India's favor. GDP (Annual Growth Rate) 7.1% Strong growth Forex Reserves BoP USD 394 bn USD -1.9bn India s strong external position CAD (as a % of GDP) -2.9% * Data as on 30 th Nov Source: Bloomberg 2
3 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 RBI is targeting for neutral liquidity OMOs and term repos helping offset the liquidity shortfall & controlling bond yields Trailing Interbank Liquidity : expected to be in neutral zone RBI scaled up OMO purchases to neutralize liquidity deficit Net Absorption (+)/Infusion(-) of Liquidity, US$ bn OMO, INR bn RBI increased OMO purchases to INR 500 Bn in Dec-18; announced purchases of INR 500 Bn for Jan Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Source: Morgan Stanley. Data as on 18 th Dec
4 We expect a stable rate scenario over the next few months Eased inflation 6.0 Operating rate close to Repo Dec-16 Jun-17 Dec-17 Jun-18 CPI - Combined 4.5 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Repo CCIL-CBLO Overnight Rate Source: Morgan Stanley. Data as on 12 th Dec
5 We prefer short end over longer end of the curve Short end offers attractive spread over G-Sec & Repo Long end of to be range bound : Do not expect structural rally Repo 3 year AAA PSU 3 year G-Sec Yield 115 bps over GSec year G-Sec yield (%) Recent rally of >80bps bps over Repo Expect only tactical opportunities going forward Dec-16 Jun-17 Dec-17 Jun-18 Dec Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Source: Bloomberg, Data as on 12 th Dec
6 Key risks to watch Global growth, Crude, Food inflation and Fiscal are the key risks to watch for Brent Crude Price ($/barrel) : Increased volatility Brent crude price ($/barrel) 55 Nov-17 May-18 Nov-18 Impact of every $10 oil price increase CA Balance % -0.3% of GDP Inflation (CPI) 0.4% Fiscal balance 0.05% of GDP. FY19 GDP Growth Revised Down to 7.2% due to Inflationary Headwinds Fiscal Deficit: GST trends weak; can lead to higher than expected fiscal gap Food Inflation Revised Real GDP FY16 FY17 FY18 FY19F Food disinflation has led headline CPI to be significantly lower than RBI's target Jan-18 Apr-18 Jul-18 Oct Source: Bloomberg, Trading economics, India Ratings, Morgan Stanley, Axis MF Research, CLSA. Data as on 30 th Sep
7 Axis Corporate Debt Opportunities Fund Typical Average Maturity Range 6 to 18 months Typical Credit Quality 80% : AAA/A1+ 20% : Sub AAA Investment Horizon 6 months to 1 year Primary Investments Corporate Debt Securities No G-Sec Endeavor to look for opportunities from credit spreads Cautious at managing risk on its corporate investments Current Portfolio Allocation/Positioning is based on the prevailing market conditions and is subject to changes depending on the fund manager s view of the fixed income markets without any notice to investors. Axis Mutual Fund 7
8 Current Portfolio Statistics 30 th Nov 2018 Portfolio Statistics Average Maturity 1.8 years Modified Duration 1.4 years YTM 9.30% Instrument wise holdings Corporate Bonds 66.6% Money Market Instruments 27.3% G-Sec 1.7% PTC 4.3% Maturity Profile Rating- wise holdings Sovereign/ AAA & equivalent$ 82.9% AA- 5.3% A+ 9.6% A 0.8% A- 1.6% Upto 1 year 56% 1 to 3 years 30% 3 to 5 years 15% Current Portfolio Allocation/Positioning is based on the prevailing market conditions and is subject to changes depending on the fund manager s view of the fixed income markets without any notice to investors. Axis Mutual Fund 8
9 Performance as on 30 th Nov
10 Annexure for returns of schemes managed by fund manager Refer slide 13 for disclaimer. 10
11 Annexure for returns of schemes managed by fund manager Refer slide 13 for disclaimer. 11
12 Annexure for returns of schemes managed by fund manager Refer slide 13 for disclaimer. 12
13 Performance Disclaimer #Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. performance data for 5 years period has not been provided for scheme/plan not in existence for 5 performance data for 3 years period has not been provided for scheme/plan not in existence for 3 years. Data as on November 30, Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on Rs /- for Gold ETF & Rs. 10/- for all other schemes. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. The above data excludes performance of Fixed Maturity Plans and all the schemes which have not completed a year. Top 3 and Bottom 3 schemes (based on 1 year performance) managed by Devang Shah has been provided herein. Devang Shah is managing Axis Liquid Fund, Axis Dynamic Bond Fund, Axis Gilt Fund, Axis Strategic Bond Fund and Axis Short Term Fund and all Axis Hybrid Funds since 5th November 2012 (since inception date for Axis Hybrid Funds launched after 5th November, 2012), Axis Credit Risk Fund and Axis Arbitrage Fund since inception and Axis Treasury Advantage Fund and Axis Regular Saver (Debt portion), Axis Gold Fund, Axis Gold ETF, all Axis Fixed Term Plans since 7th June, 2016 (since inception date for Axis Fixed Term Plans launched after 7th June, 2016) and Axis Corporate Debt Fund since July 13th, W.e.f January 1, 2013, Axis Short Term Fund - Institutional Plan, Axis Treasury Advantage Fund - Institutional Plan & Axis Liquid Fund - Institutional Plan have been renamed Axis Short Term Fund, Axis Treasury Advantage Fund & Axis Liquid Fund, respectively. 13
14 Product Labelling Fund Name Riskometer Product Labelling Axis Credit Risk Fund (An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds) Axis Gilt Fund (An open ended debt scheme investing in government securities across maturity) This product is suitable for investors who are seeking* Stable returns in the short to medium term Investment in debt and money market instruments across the yield curve and credit spectrum. This product is suitable for investors who are seeking* Credit risk free returns over medium to long term Investment mainly in Government securities across maturities Axis Corporate Debt Fund (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) This product is suitable for investors who are seeking*: Regular income over short to medium term Predominantly investing in corporate debt *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 14
15 Product Labelling Fund Name Riskometer Product Labelling Axis Hybrid Fund Series 5 (42 months close ended debt scheme) Axis Gold ETF (An open ended scheme replicating/tracking Domestic Price of Gold. Continuous Offer of Units in Creation Unit Size at NAV based prices. ) This product is suitable for investors who are seeking* Capital appreciation while generating income over medium to long term. To Investment in debt and money market Instruments as well as equity and equity related Instruments This product is suitable for investors who are seeking* Capital appreciation over medium to long term Investment predominantly in gold in order to generate returns similar to the performance of gold, subject to tracking error *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 15
16 Statutory Details and Risk Factors Data updated as on 30 th Nov Disclaimer: Past performance may or may not be sustained in the future. Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. This document represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time. Scheme specific risk factors: Apart from the risks associated with domestic investments, the scheme may invest in overseas markets which carry risks related to fluctuations in the foreign exchange rates, the nature of the securities market of the country, repatriation of capital due to exchange controls and political circumstances. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). The material should not be construed as issued by Government of India or any of its authority. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. 16
17 Thank You
FIXED 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 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 informationFIXED INCOME UPDATE AUGUST 17
1 FIXED INCOME UPDATE AUGUST 17 Aug-16 Aug-16 Sep-16 Sep-16 Oct-16 Oct-16 Nov-16 Nov-16 Dec-16 Dec-16 Jan-17 Jan-17 Feb-17 Feb-17 Mar-17 Mar-17 Apr-17 Apr-17 May-17 May-17 Jun-17 Jun-17 Jul-17 Jul-17 Aug-17
More informationFund (An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Undertakings & Public Financial Institutions)
Axis Banking & PSU Debt Fund (An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Undertakings & Public Financial Institutions) May 2018 Yield Stark shift in yield
More informationNo one asset class perform at all times
1 No one asset class perform at all times 60 50 Bond years Equity years Gold years 40 30 20 10 0-10 -20 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 Equity Bonds Gold Triple Asset 2 Past performance
More informationNo one asset class perform at all times
1 No one asset class perform at all times 60 50 Bond years Equity years Gold years 40 30 20 10 0-10 -20 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Equity Bonds Gold Triple Asset 2
More information3 dimensional view of Fixed Income Market
3 dimensional view of Fixed Income Market Duration play seems to be over Money market yields are too low post demonetization thanks to excess liquidity Liquidity Duration Accrual Good opportunity to position
More informationThere is a high dispersion in long term stock performance
There is a high dispersion in long term stock performance Variation in top and bottom stocks over the last 10 years % CAGR (CY 07-17) BSE 100 index 5.5 Top quartile 16.7 Bottom quartile (21.2) Weak companies
More informationAxis Focused 25 Fund - Relative Positioning
Active Returns Axis Focused 25 Fund - Relative Positioning Sector Funds Mid cap funds Axis Focused 25 Fund Large cap diversified funds Index funds Active Risk 2 Axis Focused 25 Fund: Positioning Pure bottom-up,
More informationOverview. Credit cycle - background. Associated risks in credit investing. Axis approach to credit risk
CREDIT QUALITY Overview Credit cycle - background Overall Credit quality has got affected by the macro-economic environment However credit spreads have narrowed as more money has come into the segment
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 informationAxis Dynamic Equity Fund. (An Open - Ended Dynamic Asset Allocation Fund)
Axis Dynamic Equity Fund (An Open - Ended Dynamic Asset Allocation Fund) Emotions and Impact Manual market timing Emotions have impacted investment decisions Investors ended up investing at market peak
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 informationGood year for the fund despite volatile market scenario
Good year for the fund despite volatile market scenario The fund completed 1 year recently 12,000.00 11,500.00 11,000.00 10,500.00 10,000.00 9,500.00 Axis Multicap Fund - Reg - Growth Nifty 500 Index NAV/Index
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 informationPublished on 22 May 2017
Published on 22 May 2017 QUANTUM LIQUID FUND (An open ended Liquid Scheme) Fact Sheet as on 19-May-17 Fund Size as on (Rs. in crores) 19-May-17 Absolute AUM DIRECT PLAN GROWTH OPTION 96.8866 DIRECT PLAN
More informationAxis Emerging Opportunities Fund Series 1 A Close-Ended Equity Fund (1400 days)
1 Axis Emerging Opportunities Fund Series 1 A Close-Ended Equity Fund (1400 days) Indian Policy Update Demonetisation & GST 2 1 Government policy changes Get ready for structurally higher tax to GDP Demonetisation
More informationAxis Dynamic Equity Fund. (An Open - ended Equity Scheme)
Axis Dynamic Equity Fund (An Open - ended Equity Scheme) 1 Typically, what influences investors to invest? Media Noise Everybody else is investing Idle money lying in bank Free advice from a friend/family
More informationRBI hikes by 25 bps to 6.25% - First time since Jan 2014
RBI hikes by 25 bps to 6.25% - First time since Jan 2014 RBI hiked the key policy rate by 25 bps to 6.25%, while maintaining the neutral stance of monetary policy. This is first hike since January 2014.
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 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 informationRBI Monetary Policy Update - RBI maintains the neutral stance with cautious outlook on inflation and growth
RBI Monetary Policy Update - RBI maintains the neutral stance with cautious outlook on inflation and growth In the latest policy meeting, the RBI kept the key policy rate unchanged at 6% and maintained
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 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 informationAXIS EQUITY SAVER FUND. Open Ended Equity Scheme
AXIS EQUITY SAVER FUND Open Ended Equity Scheme A primer on asset allocation Avoiding common traps faced in equity investments Timing the market Chasing the hottest trend Focusing on schemes not portfolio
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 informationIn Rs. Lakh Crore Spread (%) Nov-16 Feb-17 May-17 Aug-17 Nov-17 Feb-18 May-18
In Rs. Lakh Crore Spread (%) A Dislocated Bond Market What does it mean for investors? Since the release of the RBI monetary policy committee minutes on 19 th April 2018, bond yields have spiked. The benchmark
More informationMonthly Market Outlook March Equity & Fixed Income Outlook
Monthly Market Outlook March 2019 Equity & Fixed Income Outlook Returns (%) Global Indices Performance China surges ahead China France Eurozone Switzerland Taiwan US Germany Japan Hong Kong UK Singapore
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 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 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 informationGratuity Fund Performance
Gratuity Fund Performance Monthly Fund Update, May 13 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER ECONOMY ECONOMY S.No. Indicators Mar-13 Apr-13 M-o-M Variation
More informationOctober Equity & Fixed Income Outlook
Monthly Market Outlook October 2018 Equity & Fixed Income Outlook 1 Index Returns (%) Global Indices Performance 10 9.1 8 6 4 2 0-2 -4-6 -8 5.5 3.5 3.5 1.9 1.6 1.4 1.3 1.0 0.9 0.2-0.4-0.5-0.7-0.9-6.3 Most
More informationRBI Monetary Policy Update Status Quo on Rates
RBI Monetary Policy Update Status Quo on Rates After the cutting the rate by 25 bps in August policy, the RBI kept the key policy rate unchanged at 6% and maintained the neutral stance of monetary policy
More informationEquity Market Outlook. May, 2016
Equity Market Outlook May, 2016 Global Economy Update Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 Global Central Bank Monetary Policies
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 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 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 informationOutlook Moving from Macro to Micro
Outlook 2016 Moving from Macro to Micro 2015 Recap Equity Markets 30000.00 S&P BSE Sensex Movement and Key Events Sensex crosses 30,000 points on RBI s second surprise 25 bps rate cut 29000.00 RBI s surprise
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 informationMarket Outlook Presentation September
Market Outlook Presentation September - 2014 1 KEY HIGHLIGHTS Equity Market Overview Macro indicators, Sentiments and Valuations Debt Market Overview Outlook Recommendations 2 EQUITY MARKET OVERVIEW Sensex
More informationEquity & Debt Strategy
Equity & Debt Strategy Mid Oct Nov 2 Equity Market Update & Equity MF Strategy 1/14 3/14 5/14 7/14 9/14 11/14 1/15 3/15 5/15 7/15 9/15 11/15 1/ 3/ 5/ 7/ 9/ 11/ 1/ 3/ 5/ 7/ 9/ cr Nifty-5 corrected post
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 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 informationMarkets at a Glance. India Q2 CY For Distributors use only
Markets at a Glance India Q CY 17 For Distributors use only India Macro Economy Trade Inflation Monetary Sector Valuations Liquidity Macro Economy GDP Emerging vs Developed (In % YoY) Credit Growth vs
More informationFixed Income Markets & Strategy of Duration Funds
Fixed Income Markets & Strategy of Duration Funds December 2017 Yields at over one year high; Demand-supply concerns and Fiscal risks re-emerge. The month of November started on a bearish note as fiscal
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 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 information2018 The year of promise
2018 The year of promise January 2018 Tushar Pradhan, Chief Investment Officer We have come a long way in 2017 Source: Kotak Institutional Equities Dec 2017 Key events and performance of the Indian market
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 informationFixed Income Markets & Strategy of Duration Funds
Fixed Income Markets & Strategy of Duration Funds Market Update: Volatile month for Indian Bonds. Bonds trade with negative bias throughout the month. Bond markets started the month on a cautious note
More information3 reasons to invest. Offers an attractive route to take equity allocation for conservative investors
3 reasons to invest The investment objective of the fund is to generate income by investing in high quality fixed income securities that are maturing on or before the maturity of the scheme whilst the
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 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 informationSecond Hike with Neutral Stance
Second Hike with Neutral Stance RBI hiked the key policy rate by 25 bps to 6.50%, while retaining the neutral stance of monetary policy. This is second consecutive hike since June 2018. Highlight of the
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 informationCorporate Presentation. August
Corporate Presentation August 2017 1 PARENTAGE Sundaram Finance Sundaram Business Services Limited Outsourcing services *Not an exhaustive list Fully Owned Subsidiaries* Sundaram Asset Management Mutual
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 informationMonthly Market Outlook
Monthly Market Outlook March 2018 Equity : Earnings - A Key Trigger to watch out Fixed Income : Time to invest at an elevated yield 1 World Index 0.5 0.2 1 month Return (%) -0.1-0.5-2.7-2.9-3.3-4.0-4.3-4.5-4.6-5.0-5.4-5.7-6.2-6.4
More informationMonetary Policy Review Premature end to the easing cycle?
The monetary policy committee (MPC) maintained status quo for the second policy review running, keeping Repo rate at 6.25%, contrary to market expectations of 25bps cut. Consequently, the reverse repo/msf
More informationHDFC Credit Risk Debt Fund
HDFC Credit Risk Debt Fund (An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds)). A Disciplined Approach to Credit This product
More information1 st Bi-Monthly Monetary Policy Review, Kotak Mutual Fund Update as on 4 th April
1 st Bi-Monthly Monetary Policy Review, 2017-18 1 Kotak Mutual Fund Update as on 4 th April 2017 1 Monetary Meas ures: Key Rates Meas ures CRR Reverse Repo rate Unchanged at 4.00% (incremental CRR withdrawn)
More informationUNIT LINKED PRODUCTS FROM SBI LIFE INSURANCE CO. LTD. 2008
Monthly Investment Update: Volume 4, Issue 6 ULIP UNIT LINKED PRODUCTS FROM SBI LIFE INSURANCE CO. LTD. 2008 SBI Life has a variety of unit linked products with different funds which gives you flexibility
More informationMutual Funds in India a Perspective. Industry Trends Copyright 2018 Association of Mutual Funds in India
Mutual Funds in India a Perspective Industry Trends Copyright 2018 Association of Mutual Funds in India 1 Indian Mutual Fund Industry Over the Years PHASE V PHASE I 1964-1987 UTI established as the first
More informationAxis Multicap Fund. An Open-ended Equity Scheme investing across large cap, mid cap, small cap stocks
Axis Multicap Fund An Open-ended Equity Scheme investing across large cap, mid cap, small cap stocks Why Multicap: Offers participation in stocks across market cap spectrum (Market Cap in INR crores) (
More informationGratuity Fund Performance
Gratuity Fund Performance Monthly Fund Update, December 11 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER ECONOMY ECONOMY Indicators Nov 2011 Dec 2011 M-o-M Variation
More informationINDIA INTEREST RATES: CHANGING GEARS
INDIA INTEREST RATES: CHANGING GEARS 2017 was a volatile year for the interest rates markets. Expectations built at the beginning of the year of a sustained low interest rate regime got increasingly questioned
More informationACUMEN. Life of CPI. Three Year Average Inflation
Life of CPI Monetary policy in India has shifted decisively to using the Consumer Price Index (CPI) based inflation rather than Wholesale Price inflation since September 2013. We look at the history of
More information3rd Bi-Monthly Monetary Policy Review, Kotak Mutual Fund Update as on 9 th August
3rd Bi-Monthly Monetary Policy Review, 2016-17 Kotak Mutual Fund Update as on 9 th August 2016 1 Monetary Measures: Key Rates Measures CRR Unchanged at 4.00% Reverse Repo rate Unchanged at 6.00% (affixed
More informationNFO Period: 20 th July to 3 rd August 2015
NFO Period: 20 th July to 3 rd August 2015 The Product is suitable for investors who are seeking* Riskometrer Long term wealth creation solution Why Invest in Small Cap Stocks Our Frame Work of Recommendation:
More informationMarket Outlook Presentation
November 2013 Aiming to discover value beyond Sensex & Nifty Market Outlook Presentation Mutual Fund investments are subject to market risks, read all scheme related documents carefully. HOW GLOBAL INDICES
More informationADDENDUM Invesco India Dynamic Equity Fund I nv esco India Mid Cap Fund Invesco India Contra Fund Invesco India Infrastructure Fund
Invesco Management (India) Pvt. Ltd. (Formerly known as Religare Invesco Management Company Pvt. Ltd.) (CIN No: U67190MH2005PTC153471), 2101-A, 21 st Floor, A Wing, Marathon Futurex, N. M. Joshi Marg,
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 informationAugust Earnings Beat Estimates Fixed Income Low Duration Opportunity
Equity Monthly Market Outlook August 2018 Earnings Beat Estimates Fixed Income Low Duration Opportunity 1 Index Returns (%) World Index 10 8.9 8 6 4 2 0-2 6.6 6.2 4.7 4.1 3.5 3.2 2.4 2.0 1.6 1.6 1.5 1.1
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 informationHSBC Global Investment Funds - India Fixed Income
HSBC Global Investment s - India Fixed Income SG Share Class AC AC 30/04/2018 Objective and Strategy The aims to provide long-term total return (meaning capital growth and income) by investing in a portfolio
More informationTaurus Ultra Short Term Bond Fund Outlook & Strategy January 2012
1 2 Taurus Ultra Short Term Bond Fund Outlook & Strategy January 2012 Taurus Ultra Short Term Bond Fund Taurus Ultra Short Term Bond Fund 3 Indian Fixed Income Markets 4 Key Events of December 2011 : Money
More informationCategorization and Rationalization of UTI Mutual Fund Schemes and Merger of UTI Mutual Fund Schemes- Hybrid Schemes
No. 54/2017-18 March 23, 2018 Categorization and Rationalization of UTI Mutual Fund Schemes and Merger of UTI Mutual Fund Schemes- Hybrid Schemes In terms of SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2017/114
More informationFixed Income Markets & Strategy of Duration Funds
Fixed Income Markets & Strategy of Duration Funds Market Update: July 2017 Positive bias on favorable macro data releases, awaiting further cues from RBI policy in August. At the start of the month, bond
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 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 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 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 informationCorporate Presentation. December
Corporate Presentation December 2017 1 PARENTAGE Sundaram Finance Sundaram Business Services Limited Outsourcing services *Not an exhaustive list Fully Owned Subsidiaries* Sundaram Asset Management Mutual
More informationMonthly Market Outlook October 2017
Monthly Market Outlook October 2017 Equity Fixed Income India A Bright Macro Spot Investing in Short to Medium duration World Index (1 Month Return) 7.4 1 Month Return (%) 6.5 5.9 5.9 5.1 4.2 3.9 2.5 1.3
More informationReliance Capital Builder Fund II Series B (A Close Ended Equity Oriented Scheme)
Reliance Capital Builder Fund II Series B (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 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 informationHSBC Global Investment Funds - India Fixed Income
HSBC Global Investment Funds India Fixed Income SG Share Class 30/04/2018 Fund Objective and Strategy The Fund aims to provide longterm total return (meaning capital growth and income) by investing in
More informationA subsidiary of TVS Wealth Pvt Ltd
A subsidiary of TVS Wealth Pvt Ltd IMMPL Annual Outlook 2019 2018 A CHALLENGING YEAR, BETTER STARTING POINT IN 2019 The year gone by The year 2018 was a challenging year for investors. Almost all asset
More informationEquity & Debt Strategy
Equity & Debt Strategy Mid Jan Feb 218 Equity Market Update & Equity MF Strategy Equity market ended 2 on a high note, Nifty 5 up by 28% in CY Nifty up 3% in Dec, MidCap Index up 6.2% FII flows reversed
More informationMonthly Market Outlook September Equity: A case for building equity portfolio now Fixed Income: Case for Investments remains
Monthly Market Outlook September 2017 Equity: A case for building equity portfolio now Fixed Income: Case for Investments remains World Index (1 Month Return in %) 10 8 6 4 2 0-2 -4 1 Month Return (%)
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 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 informationBALANCED SCHEME. IDBI Nifty Index Fund (INIF) (An open-ended passively managed equity Scheme tracking the NIFTY 50 Index (Total Returns Index))
IDBI Nifty Index Fund (INIF) (An open-ended passively managed equity Scheme tracking the NIFTY 50 Index (Total Returns Index)) IDBI Nifty Junior Index Fund (INJIF) (An open-ended passively managed equity
More informationDemonetization Drive: Biggest Economic Reform by the MODI Government
Demonetization Drive: Biggest Economic Reform by the MODI Government The historic demonetization move by the government is seen as a war on parallel economy, corruption, money laundering and to stop financing
More informationEquity Update May 2018
Market Overview (as on April 30, 2018) Flows Apr-18 Mar-18 Feb-18 FIIs (Net Purchases / Sales) (Rs cr) MFs (Net Purchases / Sales) (Rs cr) Domestic Markets Macro Indicators GDP (YoY%) IIP (YoY%) Crude
More informationEquity Savings Fund - Series1
Equity Savings Fund - Series1 NFO Period: January 20, 2014 to February 07, 2014 This product is suitable for investors who are seeking*: Long term wealth creation solution A close-ended equity scheme that
More informationCANARA ROBECO SAVINGS PLUS FUND FEBRUARY 2018
CANARA ROBECO SAVINGS PLUS FUND FEBRUARY 2018 Canara Robeco Savings Plus Fund (erstwhile known as Canara Robeco Floating Rate Fund) An Open Ended Debt Scheme This product is suitable for investors who
More information2017 CRISIL Ltd. All rights reserved. Debt s it! Why debt funds are as good a wealth-creation tool as any, and can also aid in nation building
Debt s it! Why debt funds are as good a wealth-creation tool as any, and can also aid in nation building 1 Key messages Debt funds the next big driver for the Indian MF industry Macro environment, tax
More information