28 th July 2017 TRUSTPLUTUS. Presentation to the Investment Advisory Board

Transcription

1 28 th July 2017 TRUSTPLUTUS Presentation to the Investment Advisory Board

2 PRODUCT SNAPSHOT 2

3 EQUITY PERFORMANCE COMPARISON 3

4 Performance Comparison between Equity Model Portfolio, PMS and Equity MF Categories Performance comparison as on 30 th June, 2017 Equity 1 mth 3 mths 6 mths 1 year 2 years 3 years 5 years TrustPlutus Equity Model Portfolio 2.44% 4.91% 17.35% 15.47% 7.15% 17.27% 24.17% Chanakya Wealth Creation 2.60% 4.63% 16.17% 19.70% 10.80% 18.23% 24.12% Multi Act PMS 2.80% 1.88% 11.03% 11.57% 9.72% 13.35% 17.03% Karma Capital Advisors 1.20% 1.73% 27.02% 44.50% 30.69% 24.06% 27.73% Motilal Oswal NTDOP PMS -0.02% 5.51% 23.94% 29.95% 15.79% 31.33% 32.79% Motilal Oswal IOP PMS 2.52% 13.48% 36.66% 64.08% 26.37% 31.08% 24.53% Motilal Oswal Value PMS -1.72% 3.23% 17.70% 14.53% 6.89% 14.78% 16.08% Old Bridge Capital All Cap Portfolio 1.87% 7.83% 14.34% n/a n/a n/a n/a Old Bridge Capital Thematic Portfolio -0.04% 7.96% 28.36% n/a n/a n/a n/a Nine Rivers Aurum Small Cap Opportunities PMS 1.70% 9.68% 21.24% 25.19% 18.92% 32.66% n/a Equity Large Cap: White List Funds Average Returns 0.08% 4.34% 17.77% 17.77% 10.66% 13.80% 18.43% Equity Large Cap: Top Decile Funds Average Returns 1.24% 7.20% 22.92% 25.45% 12.59% 15.35% 19.49% Equity Multi Cap: White List Funds Average Returns -0.33% 3.19% 18.28% 21.38% 14.16% 17.01% 20.94% Equity Multi Cap: Top Decile Funds Average Returns 1.74% 7.66% 26.25% 28.86% 16.39% 19.32% 22.67% Equity Mid Cap: White List Funds Average Returns 0.22% 4.37% 23.05% 28.73% 18.71% 21.69% 27.84% Equity Mid Cap: Top Decile Funds Average Returns 2.67% 8.20% 29.80% 33.39% 19.80% 25.03% 29.55% Equity Small Cap: White List Funds Average Returns 0.75% 4.69% 23.57% 27.82% 20.68% 24.56% 30.13% Equity Small Cap: Top Decile Funds Average Returns 3.68% 10.23% 32.50% 38.28% 26.20% 30.55% 32.09% Nifty % 3.78% 16.31% 14.88% 6.65% 7.74% 12.51% BSE Sensex -0.72% 4.39% 16.13% 14.53% 5.49% 6.75% 12.14% BSE % 3.94% 18.18% 18.08% 8.87% 9.91% 14.17% BSE % 4.33% 19.41% 19.48% 9.92% 10.40% 14.54% BSE Mid Cap 0.13% 3.89% 21.72% 24.98% 17.07% 16.00% 18.92% BSE Small Cap 2.19% 6.77% 27.93% 30.58% 17.93% 14.72% 18.68% EQUITY COMPARISON *Returns less than 1 year are absolute and returns greater than 1 year are annualized **Top Decile funds vary for each time period and are not constant 4

5 DEBT PERFORMANCE COMPARISON 5

6 Performance Comparison between Debt PMS and Debt MF Categories Performance comparison as on 30 th June, 2017 Fixed Income 1 mth 3 mths 6 mths 1 year 2 years 3 years 5 years Debt PMS 1.48% 2.62% 2.83% 10.12% 10.12% 10.74% 11.08% Debt Gilt Medium & Long Term: Whitelist Funds Avg. Returns Debt Gilt Medium & Long Term: Top Decile Funds Avg. Returns 2.30% 3.88% 4.79% 15.76% 12.64% 12.89% 10.95% 2.91% 4.81% 5.42% 16.53% 13.19% 13.32% 11.76% Debt Income: Whitelist Funds Average Returns 1.41% 2.74% 3.95% 12.31% 10.81% 10.75% 10.06% Debt Income: Top Decile Funds Average Returns 2.12% 3.61% 4.59% 13.96% 11.95% 11.52% 10.66% Debt Short Term: Whitelist Funds Average Returns 0.84% 2.05% 3.93% 9.69% 9.40% 9.53% 9.35% Debt Short Term: Top Decile Funds Average Returns 1.11% 2.77% 5.08% 11.26% 10.51% 10.19% 9.91% Debt Liquid: Whitelist Funds Average Returns 0.53% 1.63% 3.31% 6.93% 7.50% 7.95% 8.46% Debt Liquid: Top Decile Funds Average Returns 0.54% 1.65% 3.35% 7.06% 7.65% 8.09% 8.62% Debt Ultra Short Term: Whitelist Funds Average Returns 0.66% 1.87% 3.81% 8.36% 8.56% 8.76% 9.06% Debt Ultra Short Term: Top Decile Funds Average Returns 0.75% 2.01% 4.07% 9.00% 8.92% 9.07% 9.24% ICICI Sec Composite Gilt Index 1.67% 2.81% 3.14% 11.06% 10.92% 11.18% 9.88% Crisil Composite Bond Index 1.39% 2.79% 3.60% 11.47% 10.83% 10.92% 9.59% Crisil Short Term Bond Fund Index 0.83% 2.00% 3.54% 8.88% 8.91% 9.13% 9.09% Crisil Liquid Index 0.54% 1.63% 3.28% 6.86% 7.38% 7.84% 8.26% DEBT COMPARISON *Returns less than 1 year are absolute and returns greater than 1 year are annualized **Top Decile funds vary for each time period and are not constant 6

7 MUTUAL FUND MODEL PORTFOLIO PERFORMANCE 7

8 Model Portfolio Performance (as on June 30, 2017) PROFILE TYPE PORTFOLIO Benchmark 3m 6m 1 Year 2 Years 3 Years Very Conservative Conservative Moderately Conservative Moderate Moderately Aggressive Aggressive Very Aggressive MODEL PORTFOLIO MUTUAL FUNDS Returns greater than 1 year are annualized

9 MF - INDIVIDUAL FUND LEVEL PERFORMANCE 9

10 ICICI Prudential Asset Management Company (AMC) Management Change Fund Manger - Exit Designation Funds Managed Fund Manager Designation ICICI Prudential Balanced Advantage Fund Mr. S Naren Mr. Vinay Sharma Executive Director & CIO Fund Manager MUTUAL FUNDS Mr. Manish Gunwani Deputy CIO - Equity ICICI Prudential Business Cycle Fund - Series 2 ICICI Prudential Exports and Other Services Fund Mr. S Naren Mr. S Naren Executive Director & CIO ICICI Prudential Focused Bluechip Equity Fund Mr. S Naren Mr. Rajat Chandak Executive Director & CIO Fund Manager ICICI Prudential Growth Fund - Series 1 ICICI Prudential Growth Fund - Series 3 Mr. S Naren Mr. S Naren Executive Director & CIO

11 ICICI Prudential Asset Management Company (AMC) Management Change Fund Manager - Exit Designation Funds Managed ICICI Prudential Growth Fund - Series 7 Fund Manager - Current Designation MUTUAL FUNDS ICICI Prudential India Recovery Fund - Series 4 Mr. Manish Gunwani Deputy CIO - Equity ICICI Prudential R.I.G.H.T Fund ICICI Prudential Technology Fund Mr. S Naren Executive Director & CIO ICICI Prudential Value Fund - Series 8 ICICI Prudential Value Fund - Series 11

12 Tata Asset Management Company (AMC) Management Change Key Personnel Designation Funds Managed Mr. R Ganesh Mr. Ajit Menon CEO Head - Strategy No direct management of funds MUTUAL FUNDS The AMC has formed an executive committee comprising of Mr. Hormuz Bulsara (COO), Mr. Gopal Agrawal (Head Equity), Mr. Murthy Nagrajan (Head Fixed Income), Mr. Ashish Wakankar (Head Strategy & International Business) to execute the responsibilities of the CEO in the interim. The role of Mr. Ajit Menon is currently divided among two people: Mr. Abhinav Sharma is Head Alliances & Banking & PCG Sales Mr. Ratan Saxena is Head Alliances & Retail Sales The only scheme in the current whitelist is Tata Money Market Fund.

13 Performance for Equity - Large Cap Funds (as on 30 th June 2017) Equity Large Cap AUM (cr.) 1m 3m 6m 1yr 2yr 3yr 5yr Mirae Asset India Opportunities 4, Birla Sun Life Frontline Equity 17, ICICI Prudential Focused Bluechip Equity 13, SBI Bluechip 14, Kotak 50 1, UTI Equity 5, Average BSE Sensex Category Average Equity Large Cap White list funds have on average outperformed the benchmark and category average in all time periods. Returns greater than 1 year are annualized 13

14 Performance for Equity - Large Cap Funds (as on 30 th June 2017) Equity Large Cap Sharpe Ratio Information Ratio Sortino Ratio 1yr 3yr 1yr 3yr 1yr 3yr Mirae Asset India Opportunities Birla Sun Life Frontline Equity ICICI Prudential Focused Bluechip Equity SBI Bluechip Kotak UTI Equity Category Average SBI Bluechip, UTI Equity & Kotak 50 have underperformed the category average on 1 year risk adjusted basis. 14

15 Performance for Equity - Multi-Cap Funds (as on 30 th June 2017) Equity Multi Cap AUM (cr.) 1m 3m 6m 1yr 2yr 3yr 5yr Birla Sun Life Equity 6, DSP BlackRock Opportunities 2, Kotak Select Focus 11, SBI Magnum Multi Cap 2, ICICI Prudential Multi Cap 2, Franklin India Prima Plus 11, Average BSE Category Average Equity Multi Cap White list funds have on average outperformed the category average in time periods greater than 6 months. Returns greater than 1 year are annualized 15

16 Performance for Equity - Multi-Cap Funds (as on 30 th June 2017) Equity Multi Cap Sharpe Ratio Information Ratio Sortino Ratio 1yr 3yr 1yr 3yr 1yr 3yr Birla Sun Life Equity DSP BlackRock Opportunities Kotak Select Focus SBI Magnum Multi Cap ICICI Prudential Multi Cap Franklin India Prima Plus Category Average ICICI Prudential Multi Cap, Franklin India Prima Plus & SBI Magnum Multi Cap have underperformed the category average on 1 year risk adjusted basis. 16

17 Performance for Equity - Mid Cap Funds (as on 30 th June 2017) Equity Mid Cap AUM (cr.) 1m 3m 6m 1yr 2yr 3yr 5yr Mirae Asset Emerging Bluechip 4, Principal Emerging Bluechip 1, L&T India Value 4, HDFC Mid Cap Opportunities 16, Birla Sun Life Pure Value 1, Franklin India Prima 5, Average BSE Midcap Category Average Equity Mid Cap White list funds have on average outperformed the category average in all time periods except 1 month. Returns greater than 1 year are annualized 17

18 Performance for Equity - Mid Cap Funds (as on 30 th June 2017) Equity Mid Cap Sharpe Ratio Information Ratio Sortino Ratio 1yr 3yr 1yr 3yr 1yr 3yr Mirae Asset Emerging Bluechip Principal Emerging Bluechip L&T India Value HDFC Mid Cap Opportunities Birla Sun Life Pure Value Franklin India Prima Category Average Franklin India Prima has underperformed the category average on 1 year risk adjusted basis. Birla Sun Life Pure Value has underperformed the category average on 3 year risk adjusted basis. 18

19 Performance for Equity - Small Cap Funds (as on 30 th June 2017) Equity Small Cap AUM (cr.) 1m 3m 6m 1yr 2yr 3yr 5yr Reliance Small Cap 3, Kotak Emerging Equity 2, Franklin India Smaller Companies 5, Average BSE Smallcap Category Average Equity Small Cap White list funds have on average outperformed the category average in time periods greater than 6 months. Returns greater than 1 year are annualized 19

20 Performance for Equity - Small Cap Funds (as on 30 th June 2017) Equity Small Cap Sharpe Ratio Information Ratio Sortino Ratio 1yr 3yr 1yr 3yr 1yr 3yr Reliance Small Cap Kotak Emerging Equity Franklin India Smaller Companies Category Average Franklin India Smaller Companies has underperformed the category average on 1 year risk adjusted basis. 20

21 Performance of International Equity Feeder Funds in Base Currency and INR Performance for Equity - International Funds (as on 30 th June 2017) Equity International 1m 3m 6m 1yr 2yr 3yr 5yr Europe Invesco India Pan European Equity Franklin India Feeder Franklin European Growth Invesco India Pan European Equity Franklin India Feeder Franklin European Growth United States Motilal Oswal MOSt Shares NASDAQ 100 ETF DSP BlackRock US Flexible Equity Franklin India Feeder Franklin US Opportunities Motilal Oswal MOSt Shares NASDAQ 100 ETF DSP BlackRock US Flexible Equity Franklin India Feeder Franklin US Opportunities Asia Edelweiss JF Greater China Equity Off shore Franklin Asian Equity HSBC Asia Pacific Ex Japan Dividend Yield Edelweiss JF Greater China Equity Off shore Franklin Asian Equity HSBC Asia Pacific Ex Japan Dividend Yield CURRENCY IMPACT ON PERFORMANCE OF INTL. EQ. FUNDS Returns greater than 1 year are annualized. Red indicates returns in base currency Black indicates returns in INR 21

22 Performance for Gold Funds (as on 30 th June 2017) Gold AUM (cr.) 1m 3m 6m 1yr 2yr 3yr 5yr Reliance ETF Gold Bees 2, UTI Gold ETF SBI ETF Gold Average MCX India Gold Spot Index Category Average Gold funds have on average outperformed the category average in most time periods. Returns greater than 1 year are annualized 22

23 Performance for Gold Funds (as on 30 th June 2017) Sharpe Ratio Information Ratio Sortino Ratio Gold 1yr 3yr 1yr 3yr 1yr 3yr Reliance ETF Gold Bees UTI Gold ETF SBI ETF Gold Category Average Gold funds have underperformed the category average on a 1 year risk adjusted basis w.r.t Information Ratio. 23

24 Performance for Balanced Funds (as on 30 th June 2017) Balanced AUM (cr.) 1m 3m 6m 1yr 2yr 3yr 5yr HDFC Balanced 12, ICICI Prudential Balanced 14, L&T India Prudence 5, Reliance Regular Savings Balanced 6, Birla Sun Life Balanced 95 9, Franklin India Balanced 2, Average Crisil Balanced Fund Index Category Average White list funds have on average outperformed the benchmark and category average across all time periods. Returns greater than 1 year are annualized 24

25 Performance for Balanced Funds (as on 30 th June 2017) Sharpe Ratio Information Ratio Sortino Ratio Balanced 1yr 3yr 1yr 3yr 1yr 3yr HDFC Balanced ICICI Prudential Balanced L&T India Prudence Reliance Regular Savings Balanced Birla Sun Life Balanced Franklin India Balanced Category Average Franklin India Balanced has underperformed the category average on a 1 year risk adjusted basis. 25

26 Performance for Arbitrage Funds (as on 30 th June 2017) Arbitrage AUM (cr.) 1m 3m 6m 1yr 2yr 3yr 5yr Edelweiss Arbitrage 2, ICICI Prudential Equity Arbitrage 8, Kotak Equity Arbitrage 6, Reliance Arbitrage Advantage 4, IDFC Arbitrage 2, Average Crisil Liquid Index Category Average White list funds on an average have outperformed the category average in all time frames. Returns greater than 1 year are annualized 26

27 Performance for Debt - Ultra Short Term Funds (as on 30 th June 2017) Debt - Ultra Short Term AUM (cr.) MOD (yrs) Fund Style Avg. Credit Quality 1m 3m 6m 1yr 2yr 3yr 5yr Franklin India Ultra Short Term 10, P Birla Sun Life Savings 19, P ICICI Prudential Flexible Income 19, P UTI Treasury Advantage 12, P Reliance Money Manager 16, P SBI Ultra Short Term Debt 10, P Average Crisil Liquid Index Category Average On an average the White List funds have outperformed the category average across all time horizons. Returns greater than 1 year are annualized 27

28 Performance for Debt - Ultra Short Term Funds (as on 30 th June 2017) Debt - Ultra Short Term Sharpe Ratio Information Ratio 6m 1yr 6m 1yr Franklin India Ultra Short Term Birla Sun Life Savings ICICI Prudential Flexible Income UTI Treasury Advantage Reliance Money Manager SBI Ultra Short Term Debt Category Average Ultra Short Term Debt Funds have outperformed the category average on risk adjusted basis for all time frames. 28

29 Performance for Debt - Liquid Funds (as on 30 th June 2017) Debt - Liquid AUM (cr.) MOD (yrs) Fund Style Avg. Credit Quality 1m 3m 6m 1yr 2yr 3yr 5yr Baroda Poineer Liquid 3, P Kotak Floater ST 11, P Axis Liquid 16, P UTI Liquid Cash 20,518 NA P ICICI Prudential Liquid 30, P Average Crisil Liquid Index Category Average On an average the White List funds have outperformed the category average across all time horizons. Returns greater than 1 year are annualized 29

30 Performance for Debt - Liquid Funds (as on 30 th June 2017) Debt - Liquid Sharpe Ratio Information Ratio 6m 1yr 6m 1yr Baroda Poineer Liquid Kotak Floater ST Axis Liquid UTI Liquid Cash ICICI Prudential Liquid Category Average Liquid Funds have outperformed the category average on risk adjusted basis for all time frames. 30

31 Performance for Debt - Short Term Funds (as on 30 th June 2017) Debt - Short Term AUM (cr.) MOD (yrs) Fund Style Avg. Credit Quality 1m 3m 6m 1yr 2yr 3yr 5yr ICICI Prudential Short Term 9, AA UTI Short Term Income 9, AA DHFL Pramerica Short Maturity 1, AA HDFC Regular Savings 4, AA Birla Sun Life Short Term 18, AA IDFC SSI Medium Term 4, AAA Average Crisil Short Term Bond Fund Index Category Average On an average the White List funds have outperformed category average across all time horizons. Returns greater than 1 year are annualized 31

32 Performance for Debt - Short Term Funds (as on 30 th June 2017) Sharpe Ratio Information Ratio Sortino Ratio Debt - Short Term 6m 1yr 3yr 6m 1yr 3yr 6m 1yr 3yr ICICI Prudential Short Term UTI Short Term Income DHFL Pramerica Short Maturity HDFC Regular Savings Birla Sun Life Short Term IDFC SSI Medium Term Category Average ICICI Prudential Short Term & IDFC SSI Medium Term has underperformed the category average on a 3 year risk adjusted basis w.r.t Sharpe & Sortino Ratio. 32

33 Performance for Debt - Income Funds (as on 30 th June 2017) Debt Income AUM (cr.) MOD (yrs) Fund Style Avg. Credit Quality 1m 3m 6m 1yr 2yr 3yr 5yr UTI Bond 1, AA SBI Magnum Income 1, AA ICICI Prudential Income Opportunities 4, AAA HDFC Income 1, AA Kotak Medium Term 4, AA HDFC Medium Term Opportunities 8, AAA Average Crisil Composite Bond Index Category Average Income funds on an average have outperformed the category average in all the time frames. Returns greater than 1 year are annualized 33

34 Performance for Debt - Income Funds (as on 30 th June 2017) Debt Income Sharpe Ratio Information Ratio Sortino Ratio 1yr 3yr 1yr 3yr 1yr 3yr UTI Bond SBI Magnum Income ICICI Prudential Income Opportunities HDFC Income Kotak Medium Term HDFC Medium Term Opportunities Category Average HDFC Income has underperformed the category average on risk adjusted basis w.r.t Sharpe & Sortino Ratio. HDFC Medium Term Opportunities has underperformed the category average on 1 year risk adjusted basis w.r.t Information Ratio. 34

35 Performance for Debt - Gilt Medium & Long Term Funds (as on 30 th June 2017) Debt - Gilt Medium & Long Term AUM (cr.) MOD (yrs) Fund Style Avg. Credit Quality 1m 3m 6m 1yr 2yr 3yr 5yr UTI Gilt Advantage Long Term SOV SBI Magnum Gilt Long Term 2, SOV Reliance Gilt Securities 1, SOV ICICI Prudential Long Term Gilt 1, SOV IDFC GSF Investment SOV Average ICICI Sec Composite Gilt Index Category Average Gilt Medium & Long Term Funds on an average have outperformed the category average across all time horizons. Returns greater than 1 year are annualized 35

36 Performance for Debt - Gilt Medium & Long Term Funds (as on 30 th June 2017) Sharpe Ratio Information Ratio Sortino Ratio Debt - Gilt Medium & Long Term 1yr 3yr 1yr 3yr 1yr 3yr UTI Gilt Advantage Long Term SBI Magnum Gilt Long Term Reliance Gilt Securities ICICI Prudential Long Term Gilt IDFC GSF Investment Category Average ICICI Prudential Long Term Gilt has underperformed the category average on risk adjusted basis w.r.t Sharpe & Sortino Ratio. 36

37 Performance for MIP Funds (as on 30 th June 2017) MIPs MIP: Moderate AUM (cr.) MOD (yrs) Fund Style Avg. Credit Quality 1m 3m 6m 1yr 2yr 3yr 5yr SBI Magnum MIP 1, AA Reliance MIP 2, AA MIP: Aggressive Birla Sun Life MIP II Wealth 25 1, AA UTI MIS Advantage Plan AA Average Crisil MIP Blended Index Category Average MIPs have outperformed the category average across all time horizons. Returns greater than 1 year are annualized 37

38 Performance for MIP Funds (as on 30 th June 2017) MIPs Sharpe Ratio Information Ratio Sortino Ratio 1yr 3yr 1yr 3yr 1yr 3yr MIP: Moderate SBI Magnum MIP Reliance MIP MIP: Aggressive Birla Sun Life MIP II Wealth UTI MIS Advantage Plan Category Average White list funds have outperformed the category average on a risk adjusted basis across all time periods. 38

39 Performance for Debt - Credit Opportunities Funds (as on 30 th June 2017) Debt Credit Opportunities AUM (cr.) MOD (yrs) Fund Style Avg. Credit Quality 1m 3m 6m 1yr 2yr 3yr 5yr ICICI Prudential Corporate Bond 6, AA L&T Income Opportunities 2, AA UTI Income Opportunities 3, AA Kotak Income Opportunities 4, AA SBI Corporate Bond 3, AA Reliance Regular Savings Debt 9, AA Average Crisil Short Term Bond Fund Index Category Average Credit Opportunities Whitelist Funds have on an average underperformed the category average across time horizons. Returns greater than 1 year are annualized 39

40 Performance for Debt - Credit Opportunities Funds (as on 30 th June 2017) Debt Credit Opportunities Sharpe Ratio Information Ratio Sortino Ratio 1yr 3yr 1yr 3yr 1yr 3yr ICICI Prudential Corporate Bond L&T Income Opportunities UTI Income Opportunities Kotak Income Opportunities SBI Corporate Bond Reliance Regular Savings Debt Category Average Credit Opportunities Whitelist Funds have underperformed the category average in most time horizons on a risk adjusted basis. 40

41 Performance for Debt - Dynamic Bonds (as on 30 th June 2017) Debt Dynamic Bonds AUM (cr.) MOD (yrs) Fund Style Avg. Credit Quality 1m 3m 6m 1yr 2yr 3yr 5yr UTI Dynamic Bond 1, AA ICICI Prudential Long Term 2, AA IDFC Dynamic Bond 4, AAA Average Crisil Composite Bond Index Category Average Dynamic Bond Whitelist Funds have outperformed the category average in all time horizons. Returns greater than 1 year are annualized 41

42 Performance for Debt- Dynamic Bonds (as on 30 th June 2017) Sharpe Ratio Information Ratio Sortino Ratio Debt Dynamic Bonds 1yr 3yr 1yr 3yr 1yr 3yr UTI Dynamic Bond ICICI Prudential Long Term IDFC Dynamic Bond Category Average Dynamic Bond Whitelist Funds have outperformed the category average on a risk adjusted basis across time horizons. 42

43 THANK YOU