Published on 22 May 2017

Transcription

1 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 DIRECT PLAN DAILY DIVIDEND OPTION DIRECT PLAN MONTHLY DIVIDEND OPTION REGULAR PLAN GROWTH OPTION REGULAR PLAN DAILY DIVIDEND OPTION REGULAR PLAN MONTHLY DIVIDEND OPTION Total Net Asset Value as on 19-May-17 (Rs./Unit) DIRECT PLAN GROWTH OPTION DIRECT PLAN DAILY DIVIDEND OPTION DIRECT PLAN MONTHLY DIVIDEND OPTION REGULAR PLAN GROWTH OPTION REGULAR PLAN DAILY DIVIDEND OPTION REGULAR PLAN MONTHLY DIVIDEND OPTION Weighted Average Maturity (days) No of days At the end of the week 33 Modified Duration 31 Sr.No. Name of Instrument Rating Residual Maturity (in days) Market Value (Rs Lakhs) % to Net Asset DEBT INSTRUEMENTS A) Listed/awaiting listing on Stock Exchanges i) Non-Convertible debentures / Bonds % Power Finanace Corp Ltd NCD (MD 07/07/2017) CRISIL AAA 49 1, % 2 9.4% RECL Ltd NCD (MD 20/07/2017) ICRA AAA % B) Privately Placed/Unlisted NIL NIL C) Securitized Debt Instruments NIL NIL Total of Debt instruments 1, % MONEY MARKET INSTRUEMENTS a) Certifcate of Deposit 1 Vijaya Bank CD (MD 26/05/2017) FITCH A % 2 Andhra Bank CD (MD 12/06/2017) FITCH A % Total of CDs 1, % b) Commercial Papers (CP) 1 NTPC Ltd CP (MD 05/06/2017) CARE A % 2 Export Import Bank of India CP (MD 20/06/2017) CRISIL A % Total of CPs % c) Treasury Bills (T-bill) 1 91 Days Tbill (MD 03/08/2017) Sovereign 76 1, % 2 91 Days Tbill (MD 20/07/2017) Sovereign 62 1, % 3 91 Days Tbill (MD 27/07/2017) Sovereign % 4 91 Days Tbill (MD 01/06/2017) Sovereign % Total of T-Bills 4, % d) Collateralised Borrowing & Lending Obligation (CBLO) * 3, % Total of Money Market Instruments 10, %

2 Net Receivable / (Payable) % Grand Total 12, % * Cash & cash Equivalents

3 Quantum Liquid Fund (QLF) The bond market continued the positive momentum backed by record low CPI print of 2.99% for the month of April. US treasury yields fell sharply below 2.20% intraday, factoring in the political risk over Trump s presidency. This further fuelled the bond rally in Indian markets. Yields fell sharply across the curve with major fall noted in years segment due to increased demand for duration. The 10 year benchmark bond closed the week at 6.85% vs 6.90% in previous week. Given the normal monsoon projections, softer crude oil prices and INR appreciation, we expect inflation trajectory to remain muted in first half of FY 17 and likely to average around 3%. However it can again move up in second half on back of some reversal in food prices, HRA hike under 7 th pay commission and GST implementation. In near term, market may start pricing some easing by RBI in coming policy and lead to lower bond yields; however in medium term rates are likely to move upward following global reflation and reversal in inflation trajectory in domestic market. Portfolio Strategy We remain neutral on the bond markets over the medium term as RBI s target of 4% CPI looks difficult to achieve on sustainable basis as commodity prices could again pickup on back of improving growth outlook in developed countries, hike in HRA allowance under 7 th pay commission and GST implementation. Normalization of monetary policies in advanced economies and geo-political tensions pose additional risk of outflows from emerging markets. However, considering the fall in crude prices, INR appreciation and lower inflation trajectory, we are positive on bond market in near term as market valuation looks attractive at current levels. As on 19th May 2017, Quantum Liquid Fund (QLF) had a portfolio average maturity of 33 days and yield to maturity of 6.23%. *YTM is including net current assets Credit Exposures: With QLF comprising of G-secs, T-bills and PSU securities in majority, credit risk is minimal. Please click here to access the weekly portfolio disclosures of Quantum Liquid Fund

4 Name of the Scheme PRODUCT LABEL This product is suitable for investors who are seeking* Riskometer Quantum Liquid Fund Income over the short term (An Open- ended Liquid Scheme) Investments in debt / money market instruments Investors understand that their principal will be at Low risk * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Disclaimer, Statutory Details & Risk Factors: The views expressed here in this article are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. Quantum AMC / Quantum Mutual Fund is not guaranteeing / offering / communicating any indicative yield on investments made in the scheme(s). The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. The article has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and views given are fair and reasonable as on date. Readers of this article should rely on information/data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments.

5 Mutual fund investments are subject to market risks read all scheme related documents carefully. Please visit to read scheme specific risk factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the schemes objective will be achieved and the NAV of the scheme(s) may go up and down depending upon the factors and forces affecting securities market. Investment in mutual fund units involves investment risk such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the sponsor / AMC / Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, Sponsor: Quantum Advisors Private Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee: Quantum Trustee Company Private Limited. Investment Manager: Quantum Asset Management Company Private Limited. The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.