CONTENTS Industry & Fund Update New Fund Offers Performance of Equity Funds Performance of Balanced Funds Performance of Debt Funds

Transcription

1 CONTENTS Industry & Fund Update 1 New Fund Offers 2 Performance of Equity Funds 3 Performance of Balanced Funds 4 Performance of Debt Funds 5 Performance of Fund Of Funds 6 18th February, 2019

2 INDUSTRY & FUND UPDATE Net inflow in Equity MF hit 24-month low According to media reports, net inflow of investments in equity and equity linked savings scheme plunged 6.7% to a 24-month low from Rs. 6,606 crore in Dec 2018 to Rs. 6,158 crore in Jan The persistent volatility in the domestic equity market, political uncertainty ahead of elections and overall global economic slowdown weighed on investors sentiment. However, the inflow of retail investment stood steady. AMFI reports 2.2% rise in asset base in Jan 2019 The Association of Mutual Fund in India (AMFI) reported data for Jan 2019 with the asset under management (AUM) of the mutual fund industry increasing 2.2% from Rs lakh crore in Dec 2018 to Rs lakh crore in Jan This was led by the net inflow of Rs lakh crore from liquid schemes and Rs. 6,158 crore from equity and equity linked savings scheme. ICICI Prudential Mutual Fund launched ICICI Prudential Retirement Fund According to media reports, ICICI Prudential MF has launched ICICI Prudential Retirement Fund, which is an open-ended solution-oriented scheme with a lock-in period of 5 years or till the retirement age. The scheme provides four options: pure equity plan, hybrid aggressive plan, hybrid conservative plan and pure debt plan. Aditya Birla Sun Life Mutual Fund launches SIP option with weekly and monthly frequency Aditya Birla Sun Life Mutual Fund announced to introduce Systematic Investment Plan (SIP) facility with weekly and monthly frequency options in Aditya Birla Sun Life Money Manager Fund. The scheme is an open-ended debt scheme investing in money market instruments. This facility will be effective from Feb 18, Franklin Templeton revises benchmark of multiple funds Franklin Templeton announced change in benchmark of Templeton India Value Fund, Templeton India Equity Income Fund and Franklin India Equity Advantage Fund. The new index shall be S&P BSE 500, Nifty Dividend Opportunities 50 and Nifty LargeMidcap 250, respectively, effective Feb 11,

3 NEW FUND OFFER Scheme Name Reliance Fixed Horizon Fund - XXXX - Series 16 (1210D) - Regular Plan (G) Fund Type Close-Ended Fund Class Opens on 04-Feb-2019 Closes on 18-Feb-2019 Investment Objective To seek to generate returns and growth of capital by investing in a diversified portfolio. Min. Investment Rs Fund Manager Amit Tripathi Scheme Name Fund Type Fund Class Opens on Closes on Investment Objective IDFC Fixed Term Plan - Series Regular Plan (G) Close-Ended 15-Feb Feb-2019 Min. Investment Rs Fund Manager To generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. Anurag Mittal / Viraj Kulkarni Scheme Name Fund Type Fund Class Opens on Closes on Investment Objective Reliance Junior BeES FoF - Regular Plan (G) Close-Ended 18-Feb Feb-2019 Min. Investment Rs Fund Manager To provide returns that closely correspond to returns provided by Reliance ETF Junior BeES by investing in units of Reliance ETF Junior BeES. Mehul Dama Scheme Name Fund Type Fund Class Opens on Closes on Investment Objective Sundaram Long Term Tax Advantage Fund - Series - VI - Regular Plan (G) Close-Ended 25-Sep Mar-2019 Min. Investment Rs Fund Manager To generate capital appreciation over a period of ten years by predominantly investing in equity and equity-related instruments of companies that can be termed as micro-cap. The investment will be eligible for Income tax benefit. S Krishnakumar / Dwijendra Srivastava 2

4 PERFORMANCE OF EQUITY FUNDS Equity Diversified Funds: Scheme Name NAV QAAUM 1 Mon 3 Mon 6 Mon 1 Y 3 Y 5 Y S.I Std. Dev. Beta Jensen Axis Bluechip Fund UTI Equity Fund Axis Midcap Fund Parag Parikh Long Term Equity Fund - Reg - G SBI Magnum Equity ESG Fund Kotak India EQ Contra Fund - Reg Canara Robeco Consumer Trends Fund - Reg - G Canara Robeco Equity Diversified Fund Sundaram Select Focus - Reg JM Large Cap Fund Mirae Asset India Equity Fund - Reg Axis Focused 25 Fund Nifty N.A S&P BSE Sensex N.A N.A Index Funds: Scheme Name NAV QAAUM 1 Mon 3 Mon 6 Mon 1 Y 3 Y 5 Y S.I Std. Dev. Beta Jensen HDFC Index Fund - Sensex Plan HDFC Index Fund-NIFTY 50 Plan UTI Nifty Index Fund IDFC Nifty Fund - Reg SBI Nifty Index Fund Reliance Index Fund - Nifty Plan ICICI Prudential Nifty Index Fund - Reg Franklin India Index Fund - NSE Nifty Plan - G Aditya Birla Sun Life Index Fund IDBI Nifty Index Fund LIC MF Index Fund - Nifty DSP Equal Nifty 50 Fund - Reg N.A N.A Nifty N.A S&P BSE Sensex N.A N.A Sectoral Funds: Scheme Name NAV QAAUM 1 Mon 3 Mon 6 Mon 1 Y 3 Y 5 Y S.I Std. Dev. Beta Jensen Tata Digital India Fund - Reg N.A ICICI Prudential Technology Fund SBI Technology Opportunities Fund Franklin India Technology Fund Aditya Birla Sun Life Digital India Fund SBI Banking & Financial Services Fund - Reg - G N.A ICICI Prudential FMCG Reliance Pharma Fund Tata Banking And Financial Services Fund - R - G N.A Aditya Birla Sun Life MNC Fund Invesco India Financial Services Fund - Reg - G UTI MNC Fund Nifty N.A S&P BSE Sensex N.A N.A 3

5 PERFORMANCE OF BALANCED FUNDS Tax Saving Funds: Scheme Name NAV QAAUM 1 Mon 3 Mon 6 Mon 1 Y 3 Y 5 Y S.I Std. Dev. Beta Jensen Canara Robeco Equity Tax Saver Fund Axis Long Term Equity Fund Mirae Asset Tax Saver Fund - Reg N.A Kotak Taxsaver - Reg Invesco India Tax Plan ICICI Pru Long Term Equity Fund (Tax Saving) - R - G Franklin India Taxshield HDFC Long Term Advantage Fund DHFL Pramerica Long Term Equity Fund - Reg N.A Aditya Birla Sun Life Tax Relief Aditya Birla Sun Life Tax Plan Tata India Tax Savings Fund - Reg N.A Nifty N.A S&P BSE Sensex N.A N.A PERFORMANCE OF BALANCED MUTUAL FUNDS Balanced Funds: Scheme Name NAV QAAUM 1 Mon 3 Mon 6 Mon 1 Y 3 Y 5 Y S.I Std. Dev. Jensen Sundaram Equity Hybrid Fund - Reg Canara Robeco Equity Hybrid Fund JM Equity Hybrid Fund Mirae Asset Hybrid - Equity Fund - Reg N.A Aditya Birla Sun Life Balanced Advantage Fund SBI Equity Hybrid Fund HDFC Childrens Gift Fund Franklin India Equity Hybrid Fund Principal Hybrid Equity Fund HDFC Hybrid Equity Fund - Reg - (Adjusted-NAV) Tata Hybrid Equity Fund - Reg DSP Equity & Bond Fund NIFTY 50 Hybrid Composite Debt 65:35 Index N.A N.A 4

6 PERFORMANCE OF DEBT FUNDS Income Funds: Scheme Name NAV QAAUM 3 Days 1 Week 2 Weeks 1 Mon 2 Mon 3 Mon 1 Y S.I Std. Dev. Sharpe Franklin India Dynamic Accrual Fund Franklin India Credit Risk Fund Axis Banking & PSU Debt Fund Axis Corporate Debt Fund - Reg Kotak Corporate Bond Fund - Std Franklin India Income Opportunities Fund - G Invesco India Ultra Short Term Fund Franklin India Corporate Debt Fund DSP Strategic Bond Fund - Reg Sundaram Short Term Credit Risk Fund - Reg - G Reliance Income Fund - G P HDFC Corporate Bond Fund IDFC Corporate Bond Fund - Reg Axis Strategic Bond Fund Reliance Banking & PSU Debt Fund - Reg ICRA Composite Bond Fund Index N.A N.A N.A Top Floating Rate Funds: Scheme Name NAV QAAUM 3 Day 1 Week 2 Weeks 1 Mon 2 Mon 3 Mon 1 Y S.I Std. Dev. Sharpe Franklin India Savings Fund L&T Money Market Fund - Reg - Cumulative Canara Robeco Savings Fund - Reg SBI Savings Fund Reliance Floating Rate Fund ICRA Composite Bond Fund Index N.A N.A N.A Ultra Short Term Funds: Due to their inherent short term nature, the following has been sorted on the basis of 3 month returns Scheme Name NAV QAAUM 3 Day 1 Week 2 Weeks 1 Mon 2 Mon 3 Mon 1 Y S.I Std. Dev. Sharpe Franklin India Low Duration Fund Kotak Banking and PSU Debt Fund - Reg Franklin India Ultra Short Bond Fund - Retail Reliance Prime Debt Fund Aditya Birla Sun Life Floating Rate Fund - Reg DHFL Pramerica Ultra Short-Term Fund Aditya Birla Sun Life Savings Fund - Reg Reliance Low Duration Fund Invesco India Treasury Advantage Fund DSP Low Duration Fund - Reg Kotak Low Duration Fund - Std Tata Treasury Advantage Fund - Reg Aditya Birla Sun Life Low Duration Fund - Reg Axis Treasury Advantage Fund ICICI Prudential Corporate Bond Fund - Reg ICRA Composite Bond Fund Index N.A N.A N.A 5

7 PERFORMANCE OF FUNDS OF FUNDS MIP Funds: Scheme Name NAV QAAUM 3 Day 1 Week 2 Weeks 1 Mon 2 Mon 3 Mon 1 Y S.I Std. Dev. Sharpe ICICI Prudential Ultra Short Term Fund ICICI Prudential Regular Savings Fund Reliance Hybrid Bond Fund Canara Robeco Conservative Hybrid Fund UTI Regular Savings Fund Axis Regular Saver Fund BNP Paribas Conservative Hybrid Fund Franklin India Debt Hybrid Fund IDFC Regular Savings Fund - Reg LIC MF Debt Hybrid Fund - Cumulative SBI Debt Hybrid Fund HDFC Hybrid Debt Fund Kotak Debt Hybrid - Reg SBI Multi Asset Allocation Fund HSBC Regular Savings Fund NIFTY 50 Hybrid Composite Debt 15:85 Index N.A N.A PERFORMANCE OF GILT FUNDS Gilt Funds: Scheme Name NAV QAAUM 3 Day 1 Week 2 Weeks 1 Mon 2 Mon 3 Mon 1 Y S.I Std. Dev. Sharpe SLIC MF G Sec Fund Reliance Gilt Securities Fund SBI Magnum Constant Maturity Fund DSP Government Securities Fund IDFC G Sec Fund - Invt Plan - Reg - (Re-launched) Kotak Gilt - Investment Regular Plan Aditya Birla Sun Life GSec Fund - Reg ICICI Prudential Gilt Fund DSP Savings Fund UTI Gilt Fund - Discontinued PF Plan L&T Gilt Fund - Reg HDFC Gilt Fund Canara Robeco Gilt Fund Tata Gilt Retirement Plan ( ) - App N.A N.A Axis Gilt Fund ICRA Composite Gilt Index N.A N.A N.A PERFORMANCE OF FUND OF FUNDS FUND OF FUNDS: Scheme Name NAV QAAUM 3Day 1 Week 2 Weeks 1 Mon 2 Mon 3 Mon 1 Y S.I Std. Dev. Sharpe Canara Robeco Gold Savings Fund Kotak Gold Fund - Reg IDFC ASBF - Reg Invesco India Gold Fund Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme-G HDFC Gold Fund Aditya Birla Sun Life Gold Fund Quantum Gold Savings Fund Axis Gold Fund Reliance Gold Savings Fund SBI Gold Fund ICICI Prudential Regular Gold Savings Fund ICICI Prudential Debt Management Fund IDBI Gold Fund ICICI Prudential Moderate Fund Note: Indicative Quarterly Average Assets Under Management QAAUM (Latest) is including & Dividend option. The above-mentioned data is on the basis of 15/02/2019 Beta, Jensen, Sharpe and Standard Deviation is calculated for the period: 1 Year, Frequency: Weekly Monday, RF: 7%. For debt fund the return are calculated annualized basis for less than 1 year. 6

8 Corporate Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi Tel: Mumbai Office: Lotus Corporate Park, A Wing 401 / 402, 4th Floor, Graham Firth Steel Compound, Off Western Express Highway, Jay Coach Signal, Goreagon (East) Mumbai Tel: , Fax: Kolkata Office: 18, Rabindra Sarani, Poddar Court, Gate No-4, 5th Floor, Kolkata Tel.: / Fax: / SMC Global Securities Ltd. (hereinafter referred to as SMC ) is regulated by the Securities and Exchange Board of India ( SEBI ) and is licensed to carry on the business of broking, depository services and related activities. SMC is a registered member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, MSEI (Metropolitan Stock Exchange of India Ltd) and M/s SMC Comtrade Ltd is a registered member of National Commodity and Derivative Exchange Limited and Multi Commodity Exchanges of India and other commodity exchanges in India. SMC is also registered as a Depository Participant with CDSL and NSDL. SMC s other associates are registered as Merchant Bankers, Portfolio Managers, NBFC with SEBI and Reserve Bank of India. It also has registration with AMFI as a Mutual Fund Distributor. SMC is a SEBI registered Research Analyst having registration number INH SMC or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities market. SMC or its associates or its Research Analyst or his relatives do not hold any financial interest in the subject company interest at the time of publication of this Report. SMC or its associates or its Research Analyst or his relatives do not hold any actual/beneficial ownership of more than 1% (one percent) in the subject company, at the end of the month immediately preceding the date of publication of this Report. SMC or its associates its Research Analyst or his relatives does not have any material conflict of interest at the time of publication of this Report. SMC or its associates/analyst has not received any compensation from the subject company covered by the Research Analyst during the past twelve months. The subject company has not been a client of SMC during the past twelve months. SMC or its associates has not received any compensation or other benefits from the subject company covered by analyst or third party in connection with the present Research Report. The Research Analyst has not served as an officer, director or employee of the subject company covered by him/her and SMC has not been engaged in the market making activity for the subject company covered by the Research Analyst in this report. The views expressed by the Research Analyst in this Report are based solely on information available publicly available/internal data/ other reliable sources believed to be true. SMC does not represent/ provide any warranty expressly or impliedly to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any investment decision. The research analysts who have prepared this Report hereby certify that the views /opinions expressed in this Report are their personal independent views/opinions in respect of the subject company. Disclaimer: This Research Report is for the personal information of the authorized recipient and doesn't construe to be any investment, legal or taxation advice to the investor. It is only for private circulation and use. The Research Report is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. No action is solicited on the basis of the contents of this Research Report. The Research Report should not be reproduced or redistributed to any other person(s)in any form without prior written permission of the SMC. The contents of this material are general and are neither comprehensive nor inclusive. Neither SMC nor any of its affiliates, associates, representatives, directors or employees shall be responsible for any loss or damage that may arise to any person due to any action taken on the basis of this Research Report. It does not constitute personal recommendations or take into account the particular investment objectives, financial situations or needs of an individual client or a corporate/s or any entity/s. All investments involve risk and past performance doesn't guarantee future results. The value of, and income from investments may vary because of the changes in the macro and micro factors given at a certain period of time. The person should use his/her own judgment while taking investment decisions. Please note that SMC its affiliates, Research Analyst, officers, directors, and employees, including persons involved in the preparation or issuance if this Research Report: (a) from time to time, may have long or short positions in, and buy or sell the securities thereof, of the subject company(ies) mentioned here in; or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company(ies) discussed herein or may perform or seek to perform investment banking services for such company(ies) or act as advisor or lender/borrower to such subject company(ies); or (c) may have any other potential conflict of interest with respect to any recommendation and related information and opinions. All disputes shall be subject to the exclusive jurisdiction of Delhi High court. 7