december 2019 investor journal karvy’s · » advantages like lower cost, lower risk which are...
TRANSCRIPT
KARVY’s
December 2019
INVESTOR JOURNAL
www.karvyvalue.com
What’s Inside
KARVY’sINVESTOR JOURNAL
Fund of the MonthAxis Bluechip Fund-Reg(G)
To achieve long term capital appreciation by investing in a diversified portfolio...Dec, 2019
Market ReviewPage 01
Karvy Investment InsightPage 03
Fund of The MonthPage 04
Readers CornerPage 05
Story of The MonthPage 06
SIP PerformancePage 07
Category Average ReturnsPage 08
Fixed Deposits SchemesPage 09
Equity Funds PerformancePage 10
Debt Funds PerformancePage 12
Global Markets at a GlancePage 13
Indices WatchPage 14
Highlights of the Month » The mutual fund industry’s asset under
management (AUM) grew by 7.4% from Rs. 24.50 lakh crore in September 2019 to Rs. 26.33 lakh crore in October2019, according to data published by the Association of Mutual Funds in India.
» In October 2019, systematic investment plans (SIPs) collection slightly fell from Rs. 8,263 crore in September 2019 by 0.2% to Rs. 8,246 crore.
» Liquid funds witnessed a net inflow of Rs.93,202 crore during the month October 2019 as against a net outflow of Rs.1,40,731 crore during the month September 2019.
» Hybrid Funds witnessed a net inflow of Rs.314 crore in the month October 2019 compared to net inflow of Rs. 2,027 crore in the month September. This was mainly due to Aggressive hybrid funds as these funds witnessed net out flow of Rs. 1,974 crores.
» Net inflows into equity mutual funds stood at Rs.6,023 crore in October 2019 as against at Rs.6,609 crore in September 2019, This is due to low inflows in value and dividend yield fund.
» The mutual fund industry as a whole saw a net inflow of Rs.1,33,481 crore in October 2019 compared with a net outflow of Rs. 1,51,790 crore in September 2019. This inflow was mainly led by Income and debt oriented funds.
Page 04
INVESTOR JOURNALDec, 2019
Market Review
Exports: » Exports in October 2019 amounted to USD 26.38 billion, compared to USD 26.67 billion in October 2018, with a negative growth of 1.11%.
» Electronic Goods (38.42%); Drugs & Pharmaceuticals (12.61%); Gems & Jewellery (6.02%), Engineering Goods (1.22%); Organic & Inorganic Chemicals (0.86%) showed a high positive export growth over the corresponding month of last year.
» In October 2019, exports of non-petroleum and non gems and jewelry amounted to USD 19.04 billion, compared with USD 18.93 billion in October 2018, showing a positive growth of 0.59%.
» For the period April-October 2019-20, the cumulative value of exports amounted to USD 185.95 billion compared to 190.15 USD billion for the period April-October 2018-19, recording a negative growth of 2.21% in dollar terms.
Imports: » Imports were USD 37.39 billion in October 2019, which was 16.31% lower in dollar terms compared to imports in October 2018 of USD 44.68 billion.
» Petroleum, Crude & products (-31.74%); Coal, Coke & Briquettes, etc. (-28.74%); Transport equipment (-14.65%); Electronic goods (-8.53%); Machinery, electrical & non-electrical (-0.45%) ; showed negative growth in October 2019 over the corresponding month of last year
» For the period April-October 2019-20, the cumulative value of imports amounted to USD 280.67 billion compared to USD 306.31 billion for the period April-October 2018-19, recording a negative growth of 8.37% in dollar terms.
Crude Oil and Non-Oil Imports: » Oil imports were USD 9.63 billion
in October 2019, down 31.74% in
dollar terms from USD 14.11 billion in October 2018.
» Non-oil imports were estimated at USD 27.76 billion in October 2019, down 9.19% in dollar terms from USD 30.57 billion in October2018.
Trade Balance: » The October 2019 trade deficit was estimated at USD 11.01 billion compared to the October 2018 deficit of USD 18.00 billion.
» Taking merchandise and services together, overall trade deficit for April-October 2019-20* is estimated at USD 49.45 billion as compared to USD 71.45 billion in April-October 2018-19.
*Note: Services data pertains to April-September 2019-20 as September 2019 is the latest data available as per RBI’s Press Release dated 15th November 2019.
CPI Inflation:In October 2019, general CPI inflation was inched up to 4.62%, compared to 3.99% in September 2019. It was the highest inflation rate since July last year, as food prices rose 7.89 percent in October 2019 vs 5.11 percent in September 2019)
WPI Inflation:In October 2019, wholesale prices in India rose by 0.16%, compared to 0.33% in the previous month. Since June 2016, it was the lowest wholesale rate, as cost of both fuel and manufacturing continued to fall.
IIP:India’s industrial production growth in September 2019 fell 4.3% from a upward revision of 1.4% in the previous month. Production decreased for manufacturing (-3.9 percent compared to -1.5 percent in August); mining (-8.5 percent compared to a flat reading); and electricity (-2.6 percent compared to -0.9 percent).
Apart from FII and MF activity, Key domestic data released in the month of November were:
1
BSE Sensex and Nifty 50 gave a return of 1.66% and 1.50% respectively during the month. Among the BSE sectoral indices, S&P BSE BANKEX was the top performers with 6.68%. The mutual fund industry as a whole saw a net inflow of Rs.1,33,481 crore in October 2019 compared with a net outflow of Rs. 1,51,790 crore in September 2019. This inflow was mainly led by Income and debt oriented funds. Systematic investment plans (SIPs) collection stood at 8,246 crore. Net inflows into equity mutual funds stood at Rs.6,023 crore in October 2019 as against at Rs.6,609 crore in September 2019, This is due to low inflows in value and dividend yield fund. In October 2019, general CPI inflation was inched up to 4.62%, compared to 3.99% in September 2019.
INVESTOR JOURNALDec, 2019
S&P BSE SENSEX
Date Close Price Points Diff %age Change
31-Oct-2019 40,129 - -
4-Nov-19 40,302 173 0.4%
11-Nov-19 40,345 43 0.1%
18-Nov-19 40,284 -61 -0.2%
29-Nov-19 40,794 510 1.3%
Overall Change for the month 1.66%
NIFTY 50
Date Close Price Points Diff %age Change
31-Oct-2019 11,877 - -
4-Nov-19 11,941 63.85 0.5%
11-Nov-19 11,913 -27.85 -0.2%
18-Nov-19 11,885 -28.95 -0.2%
29-Nov-19 12,056 171.55 1.4%
Overall Change for the month 1.50%
Sensex & Nifty: (Month Between 01-Nov-2019 to 30-Nov-2019)
MF Activity: (Month Between 01-Nov-2019 to 29-Nov-2019)
Equity
Date Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
4-Nov-19 2,381 2,584 -203
11-Nov-19 2,263 2,120 143
18-Nov-19 2,451 2,058 393
29-Nov-19 3,374 2,697 676
Total 58,735.1 63,579.4 -4844.32
Debt
Date Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
4-Nov-19 6,426 5,519 907
11-Nov-19 4,780 4,900 -121
18-Nov-19 6,645 4,041 2,604
29-Nov-19 8,225 7,820 404
Total 167,488.1 128,069.7 39,418.40
2
FII Activity: (Month Between 01-Nov-2019 to 29-Nov-2019)
Equity
Date Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
4-Nov-19 7,888 6,080 1,807
11-Nov-19 10,594 5,260 5,334
18-Nov-19 5,118 6,285 -1,167
29-Nov-19 5,967 4,339 1,628
Total 162,789.91 137,559.28 25,230.63
Debt
Date Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
4-Nov-19 2,480 825 1,656
11-Nov-19 460 630 -170
18-Nov-19 478 1,048 -570
29-Nov-19 731 2,596 -1,865
Total 22,464.61 24,822.82 -2,358.21
-----------------------------------------------------------------------------------------------------------------------------------------------------------Source : ACE MF
NOTE:This data changes frequently on SEBI websites, So this data may be different when compared with SEBI
INVESTOR JOURNALDec, 2019
Karvy Investment Insight
Peace of mind and Wealth Creation ideas for long term
Karvy Insights brings to you investment wisdom to help you make sound investment decisions to reach your goals faster. These inputs may not help you become wealthy within a short span of time, but they would definitely bring you peace of mind and act as a roadmap for your financial journey.
3
Use ELSS for tax planning, long term wealth creation----------------------------------------------------------------------------------------------------------------------------------------------------------
It’s that time of the year when taxpayers rush to either invest in or buy a some financial products which will lessen their total tax burden once the financial year ends on March 31. There are several financial products which are approved by the government, investing in or buying which allow taxpayers to save taxes under section 80C of the Income Tax Act.
One of the popular investment products is the Equity linked savings plans (ELSS), the mutual fund schemes which have been or are being floated by fund houses that allow one to invest, for Tax Saving purpose, up to Rs 1.50 lakh per annum. Once invested in an ELSS, the tax payer does not have to pay any income tax on an equal amount from his/her total taxable income for the year.
THERE ARE SEVERAL ADVANTAGES OF INVESTING IN AN ELSS WHICH INCLUDE:
» You can invest up to Rs 1.50 lakh/year to save on taxes
» These funds show less volatility that most other Equity funds
» You can opt for monthly SIP to lessen the burden of onetime investing
» Three-year lock-in is the lowest among Tax Saving instruments
» Advantages like lower cost, lower risk which are common to MF investing
Investors are, however, yet to capture the full potential of these Tax Saving schemes. According to a senior official with a domestic fund house, investors have mostly underplayed the advantages of ELSS. “In addition to the tax advantages, ELSS also come with low volatility,” the official said.
Since the funds in an ELSS come with a three-year lockin, the fund manager has to worry less about any probable and sudden outflow from the fund, an
advantage that most other Equity fund managers do not enjoy. This three year lock-in gives it some extra stability.
The fund house official also pointed out that unlike in regular Equity schemes, not many large investors invest in ELSS schemes. So in these schemes the chance of a sudden and large-ticket exit by a very big investor, which can destabilize the fund manager’s long term investment plan before time, is that much less. “This also brings in some extra stability to the (ELSS) fund,” the official said. Of late fund houses are considering launching long term ELSS where the fund manager could invest in a concentrated manner, that is investing in a select few stocks, which at the current market situation are valued much lower than their intrinsic value. What that means is that once the market is back on track these stocks could give returns higher than the average market returns. Also these stocks have the potential to give returns higher than their peers, industry players said.
According to fund industry player, many of the stocks, which inherently are quality stocks, are currently valued at huge discounts to their true values and markets can realise their true potentials only in the future when the current bear phase is over. Investing in such a fund has the potential for wealth creation as well, they said.
While investing in an ELSS, investors should be mindful of the fact that in these funds there is no guarantee for return. However, if one looks at the long term trend, he/she can see that like in all Equity mutual funds, if one can remain invested in an ELSS for 8-10 years, he can make a decent amount of return which would beat the returns from most of the other Tax Saving instruments.
Financial advisors and planners say that for a disciplined approach to Tax Saving, a monthly SIP in an ELSS could turn out to be one of the best Tax Saving option for a salaried invest.
Source : UTI AMC
INVESTOR JOURNALDec, 2019
4
‘Tweets’ of the Month
Fund of The Month
Axis Bluechip Fund-Reg(G)
Investment Objective:
To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Portfolio:
Top 10 Companies Holdings
Name %age
HDFC Bank Ltd. 9.1
Kotak Mahindra Bank Ltd. 7.7
ICICI Bank Ltd. 7.5
Bajaj Finance Ltd. 7.4
Reliance Industries Ltd. 6.6
Avenue Supermarts Ltd. 5.4
Infosys Ltd. 5.0
NIFTY 50 Index 3.9
Asian Paints Ltd. 3.8
Tata Consultancy Services Ltd. 3.7
Top 10 Sector Wise Holding
Industry Name (%)
Bank - Private 27.7
Finance - Investment 19.0
IT - Software 9.5
Finance - NBFC 7.4
Refineries 6.6
Retailing 5.4
Index 3.9
Paints 3.8
Household & Personal Products 3.5
Consumer Food 3.5
To read the full Information, Click Here
Indicates an increase or decrease or no change in holding since last profile. Indicates an increase or decrease in holding since last portfolio.
INVEST HERESource : ACE MF
Mother of all bull runsSize of opportunity
Secular growth story Mega trends - Nice words that
sound good
Asset allocation Save and Invest every month
Invest for decades - Words that make money grow
- Kalpen Parekh @KalpenParekh
Five key investing lessons:
1) Compounding takes time 2) Valuations are unpredictable
3) Simple is usually better than smart 4) Volatility is guaranteed
5) The industry is dominated by cranks, charlatans, and salesman
- The Motley Fool @themotleyfool
Keep your dreams to yourself until you are strong enough to defend them, for they
are easily destroyed by the comments of others. – Jerry Corsten
- Deep Life Quotes@DeepLifeQuotes
INVESTOR JOURNALDec, 2019
Readers Corner
5
LIKE US ON FACEBOOK
Source : UTI AMC
If you are a woman reading this, you have come a long way from letting others do things for you. You already know the value of being financially independent. If you are a man reading this, do involve women in your house in a conversation about things you learn hereafter. Here’s how Mutual Funds can help reinforce your financial independence:
Your savings are inadequate for your Goals
Women and savings are inseparable. Each one of you might have a secret stash of money. Your Goal might be a new smart TV, a new branded watch, a holiday in the Maldives and many more things. You may have thought that your Savings Bank Account or Deposits are good enough to help you reach your Goals. However, infl ation is your biggest enemy. It eats into them every year.
Here’s how
Mutual Funds can be the vehicle you ride in towards your Goal. You can make a list of your Goals and rank them. You can have a separate portfolio for each of your Goals.
You can SIP it slow
You don’t need a signifi cant amount to invest through Mutual Funds. SIP (Systematic Investment Plan) can be your ideal investment method in Mutual Funds. You can initially SIP slowly. As you get used to investing, and familiar with Mutual Funds, you can raise your investment amount.
Here’s how
You can start your Mutual Fund investments, with an investment as small as Rs.500. You can increase your SIP amount as your income grows. Stay invested in beating inflation from the power of compounding.
You can diversify
You like your wardrobe to be a mix of ethnic, formal, and party wears. The
Goal is to look the best. You pick your dresses based on the occasion and the people you are going to meet. Similarly, your investment wardrobe should be a mix of different Funds. Different Mutual Funds have different risk-return profi les. You can make your combination of asset classes just like your dresses to get the best result.
Here’s how
Have an optimum combination of Equity-based (high return) and Debt-based (low risk) assets. It is a good idea to seek financial advice before taking a decision.
Don’t forget to prepare for emergencies
Jump those career opportunities with confidence. Is relocation on your mind? Are you heading on maternity leave? Do you want to stay financially secure during these career gaps? Then, you can invest in Mutual Funds to plan for emergencies.
Here’s how
Invest in Liquid Funds to stay financially secure during emergencies. Liquid Funds can be your alternative to your Savings Bank Account. Liquid Funds don’t have a lock-in period and can be redeemed anytime.
Make your investment do some multitasking
You always have an eye on discount and smart deals. Here’s your financial independence quick deal! In Mutual Funds, with one Goal, you can get another Goal free. Through Mutual Funds, you can combine different Goals.
Here’s how You can combine your Tax-planning Goal with long term Goals like retirement planning. That you can do through ELSS (Equity Linked Savings Scheme).
INVESTOR JOURNALDec, 2019
Story of The Month
One day, a Master was watching a practice session in the courtyard. He realized that the presence of the other students was interfering with one young man’s attempt to perfect his technique.
The Master could sense the young man’s frustration. He went up to the young man and tapped him on his shoulder.
“What’s the problem?” he inquired.
“I don’t know”, said the youth, with a strained expression. “No matter how much I try, I am unable to execute the moves properly”.
ACHIEVING GOALS
MORAL OF THE STORY:
Courtesy : Karvy Learning Center
Direct Dil Se…
6
If we want to achieve our goal then we must try to get in harmony with ourselves and not let the presence of other people affect us.
Obstacles don’t have to stop you. If you run into a wall, don’t turn around and give up. Figure out how to climb it, go through it or work around it.
“Before you can master the technique, you must understand harmony. Come with me, I will explain”, replied the master.
The Master and student left the building and walked some distance into the woods until they came upon a stream. The Master stood silently on the bank for several moments. Then he spoke.
“Look at the stream,” he said. “There are rocks in its way. Does it slam into them out of frustration? It simply flows over and around them and moves on! Be like the water and you will know what harmony is.”
The young man took the Master’s advice to heart. Soon, he was barely noticing the other students around him. Nothing could come in his way of executing the most perfect moves.
INVESTOR JOURNALDec, 2019
Schemes(Monthly SIP of Rs. 10,000)
Current NAV (`)
Present value
(Rs)
3 Year SIP Present value
(Rs)
5 Year SIP
Rs.300000 Rs.600000
Profit-SIP XIRR(%) Profit-SIP XIRR(%)
Large CapAxis Bluechip Fund-Reg(G) 31.50 447135.46 87135.46 15.32 841721.81 241721.81 13.89
Mirae Asset Large Cap Fund-Reg(G) 53.21 419063.51 59063.51 10.62 812392.84 212392.84 12.42
Canara Rob Bluechip Equity Fund-Reg(G) 26.75 426287.29 66287.29 11.85 795121.81 195121.81 11.53
ICICI Pru Bluechip Fund(G) 43.48 404789.90 44789.90 8.15 764356.21 164356.21 9.90
Edelweiss Large Cap Fund(G) 36.94 411844.49 51844.49 9.38 763992.56 163992.56 9.88
Large & Mid CapMirae Asset Emerging Bluechip-Reg(G) 56.42 422226.41 62226.41 11.16 858175.00 258175.00 14.70
Sundaram Large and Mid Cap Fund(G) 36.42 417331.34 57331.34 10.33 804362.29 204362.29 12.01
Invesco India Growth Opp Fund(G) 35.89 415314.29 55314.29 9.98 789211.47 189211.47 11.22
Tata Large & Mid Cap Fund(G) 216.25 410044.33 50044.33 9.07 755882.38 155882.38 9.44
Edelweiss Large & Mid Cap Fund-Reg(G) 32.39 403462.10 43462.10 7.92 750021.32 150021.32 9.12
Multi capDSP Equity Fund-Reg(G) 41.94 414271.84 54271.84 9.80 781306.83 181306.83 10.80
Canara Rob Equity Diver Fund-Reg(G) 139.46 414946.62 54946.62 9.92 775204.18 175204.18 10.48
SBI Magnum Multicap Fund-Reg(G) 50.12 399452.07 39452.07 7.21 762505.01 162505.01 9.80
HDFC Equity Fund(G) 654.70 394537.73 34537.73 6.34 746573.36 146573.36 8.93
Motilal Oswal Multicap 35 Fund-Reg(G) 26.35 382420.53 22420.53 4.16 745662.92 145662.92 8.88
Mid CapAxis Midcap Fund-Reg(G) 39.18 431958.61 71958.61 12.81 809757.10 209757.10 12.29
DSP Midcap Fund-Reg(G) 56.13 385891.63 25891.63 4.79 747069.42 147069.42 8.96
Invesco India Midcap Fund(G) 49.21 387172.69 27172.69 5.02 729174.95 129174.95 7.96
Nippon India Growth Fund(G) 1116.85 383444.42 23444.42 4.35 721077.88 121077.88 7.50
Tata Mid Cap Growth Fund(G) 139.27 385951.78 25951.78 4.80 718685.50 118685.50 7.36
Small CapSBI Small Cap Fund-Reg(G) 53.36 391766.93 31766.93 5.85 795429.04 195429.04 11.55
Nippon India Small Cap Fund(G) 37.64 351991.93 -8008.07 -1.53 706649.53 106649.53 6.67
HDFC Small Cap Fund-Reg(G) 37.92 346469.50 -13530.50 -2.60 693760.77 93760.77 5.92
Kotak Small Cap Fund(G) 71.89 361964.84 1964.84 0.37 682869.84 82869.84 5.27
ICICI Pru Smallcap Fund(G) 25.12 360690.59 690.59 0.13 658861.97 58861.97 3.81
ELSSAxis Long Term Equity Fund-Reg(G) 47.92 426538.13 66538.13 11.90 802982.74 202982.74 11.94
DSP Tax Saver Fund-Reg(G) 50.64 410676.52 50676.52 9.18 786074.45 186074.45 11.06
LIC MF Tax Plan(G) 71.53 415744.21 55744.21 10.05 771460.18 171460.18 10.28
Invesco India Tax Plan(G) 52.83 405360.03 45360.03 8.25 763381.57 163381.57 9.85
Canara Rob Equity Tax Saver Fund-Reg(G) 66.93 410281.07 50281.07 9.11 761792.21 161792.21 9.76
SectorInvesco India Financial Services Fund(G) 61.79 438771.04 78771.04 13.94 872490.48 272490.48 15.39
ICICI Pru Banking & Fin Serv Fund(G) 68.17 423432.59 63432.59 11.37 866947.08 266947.08 15.12
SBI Technology Opp Fund-Reg(G) 66.07 427468.41 67468.41 12.05 766550.11 166550.11 10.02
Franklin India Technology Fund(G) 161.83 414947.62 54947.62 9.92 753846.72 153846.72 9.33
ICICI Pru Technology Fund(G) 57.06 403390.93 43390.93 7.91 733009.89 133009.89 8.17
IndexHDFC Index Fund-Sensex(G) 359.86 432481.28 72481.28 12.90 808985.72 208985.72 12.25
Tata Index Fund-Sensex Plan(G) 99.88 431728.40 71728.40 12.77 802046.27 202046.27 11.89
Nippon India Index Fund - Sensex Plan(G) 19.90 428060.24 68060.24 12.15 792528.10 192528.10 11.39
LIC MF Index Fund-Sensex Plan(G) 75.10 427721.16 67721.16 12.09 787912.18 187912.18 11.15
UTI Nifty Index Fund-Reg(G) 78.27 421445.47 61445.47 11.03 787453.82 187453.82 11.13
As on 30th Nov’19 7Source : ACE MF
SIP Performance
INVESTOR JOURNALDec, 2019
Category Average Returns
Category Sub Category1 Week Return
1 Month Return
6 Month Return
1 Year Return
3 Year Return
5 Year Return
Since Inception
Market Cap
Large-cap -1.24 -0.46 1.21 10.81 11.31 7.48 10.07
Large and mid cap -1.21 0.13 1.87 10.38 10.68 8.29 13.30
Mid-cap -1.75 -0.27 -2.21 4.23 8.11 7.34 7.73
Multi-cap -1.21 -0.46 1.20 9.37 10.24 7.28 8.50
Small-cap -1.67 -1.52 -6.34 -0.13 5.12 6.67 2.73
Sector Funds
Banks & Financial Services -1.53 2.11 3.02 21.35 16.38 10.70 15.73
Consumption -1.61 -1.94 2.03 6.76 11.31 7.90 8.15
Energy & Power -2.45 -3.29 -4.52 4.29 5.85 6.98 11.81
Infrastructure -2.18 -1.76 -6.59 4.92 5.93 4.15 6.05Pharma & Health Care -1.32 1.28 6.61 4.08 -1.43 1.02 7.54
Service Industry -1.07 1.46 4.28 13.71 7.65 6.48 15.86
TECk 0.77 0.66 -0.38 5.69 14.70 7.31 12.70
Speciality
Contra -1.31 -0.07 0.87 9.22 14.08 9.35 12.85
Dividend Yield -1.31 -2.05 -1.00 3.24 7.89 4.93 11.60
Global -35.92 20.42 23.72 14.58 11.95 7.40 9.49
MNC -0.93 -1.76 3.60 5.94 10.16 8.02 12.60
Equity Exchange Traded Funds -1.68 -0.65 0.15 11.17 13.74 5.93 9.28
Equity Linked Savings Scheme -1.30 -0.75 -0.76 7.88 10.31 7.73 8.65
Equity Savings Scheme -0.54 -0.07 1.84 6.74 6.36 6.41 6.49
Focused Fund -1.29 -0.25 3.00 13.23 11.66 8.08 9.77
Index
Nifty -1.23 -0.61 0.68 12.28 13.90 7.20 11.04
Nifty Next 50 -2.42 -2.34 2.00 4.09 8.27 7.96 6.39
Sensex -0.86 -0.06 2.78 14.91 15.61 7.60 12.52
Others -1.88 -0.78 -0.27 5.25 8.84 4.85 8.66
Aggressive Hybrid Fund -0.93 -0.26 1.90 8.64 8.14 6.53 10.33
Balanced Advantage -0.82 -0.25 2.27 9.80 9.48 7.35 10.61
Dynamic Asset Allocation -0.52 -0.15 2.36 6.51 7.84 5.96 7.87
Multi Asset Allocation -1.05 -0.58 3.91 10.12 6.91 6.63 10.45
Banking and PSU Fund -16.14 4.94 9.51 9.98 7.12 7.99 8.10
Corporate Bond -12.35 5.60 8.44 5.88 4.83 6.62 6.68
Credit Risk Fund -2.10 3.44 -0.62 0.38 3.47 6.62 6.33
Dynamic Bond -28.39 -1.17 6.97 7.33 4.61 7.11 7.67
GiltLong Term -61.67 -6.97 9.27 11.82 7.73 9.31 8.44Short and Medium term -48.15 -4.80 7.56 10.21 4.99 7.91 8.27
Floating Rate -0.02 6.47 7.85 8.56 7.08 7.67 7.55
Liquid 4.58 5.00 5.62 6.37 6.54 7.06 7.08
Ultra Short Term Plan 3.36 5.92 7.65 6.72 6.40 7.23 7.30
Gold ETFs 27.39 -7.61 31.74 21.34 8.86 6.31 6.05
Gold FOFs 27.71 -5.93 33.33 23.11 7.78 5.96 2.84
Note: Debt Mutual funds & Golds funds are annualised for less than 1 year returns
Returns are as on 09th Dec’198
Source : ACE MF
INVESTOR JOURNALDec, 2019
Fixed Deposits Schemes
9
FD Name Rating IndustryInterest Rate
* (Up to)
Bajaj Finance Ltd.FAAA by CRISILICRA MAAA
Bajaj Finserv is the most diversifed non-bank in the country, the largest financier of consumer durables in India and one of the most profitable firms in the category.
8.45%
HDFC Ltd.FAAA by CRISIL, MAAA by ICRA
A pioneer and leader in housing finance in India, since inception, HDFC has assisted more than 4.9 million customers to own a home of their own. HDFC is the Largest mobiliser of public deposits outside the banking system and the HDFC Group has a strong asset base of over Rs.2.97 trillion and a customer base of over 42.5 million.
7.71%
ICICI Home Finance Ltd
CRISIL FAAA/Stable, CARE AAA/Stable, ICRA MAAA/Stable
ICICI Home Finance Company Limited is one of the leaders in the Indian mortgage finance and realty space.
8.50%
LIC Housing Finance Ltd.
FAAA / STABLE by CRISIL
One of India’s largest housing finance companies, having nation-wide network. Consistent record of dividend payments.
7.85%
Mahindra & Mahindra Financial Services Ltd
CRISIL FAAAMahindra and Mahindra Financial Services Limited (MMFSL) commenced its journey two decades back in the rural non-banking finance industry.
8.50%
PNB Housing Finance Ltd.
FAAA/Stable by CRISIL, AAA by CARE
PNB Housing Finance (PNBHF) is a subsidiary of Punjab National Bank and a partner of Destimoney Enterprises Pvt. Ltd. PNBHF was incorporated in 1988 and is based in New Delhi.
8.35%
Shriram City Union Finance Ltd.
MAA+ (Stable) by ICRA
As a deposit-accepting non-banking financial company (NBFC), Shriram City is today India’s premier financial services company specializing in retail finance.
9.25%
Shriram Unnati Deposits
FAAA/Stable by CRISIL, MAA+/Stable by ICRA
With a track record of about 30 years in this business, STFC is among the leading organized finance provider for the commercial vehicle industry
9.27%
Sundaram Home Finance Ltd.
FAAA/STABLE by CRISIL
Sundaram BNP Paribas Home Finance combines its expertise in Home Finance with the Service Orientiation of its promoter Sundaram Finance.
8.50%
* highest rate including additional interest for Senior citizens, employees etc. wherever applicable
INVESTOR JOURNALDec, 2019
Equity Funds Performance
Scheme NameLatest
NAV (`)
Absolute(%) CAGR(%)
1 Year 3 Year 5 Year SINCE INCEPTION
Large Cap
Mirae Asset Large Cap Fund-Reg(G) 53.21 13.77 15.10 11.07 15.39
Axis Bluechip Fund-Reg(G) 31.50 19.73 19.18 9.85 12.26
Canara Rob Bluechip Equity Fund-Reg(G) 26.75 17.43 15.26 8.93 11.16
ICICI Pru Bluechip Fund(G) 43.48 11.17 12.19 8.20 13.58
Nippon India Large Cap Fund(G) 34.55 7.97 12.67 7.69 10.57
Multi Cap
Motilal Oswal Multicap 35 Fund-Reg(G) 26.35 7.12 10.73 11.43 18.85
Parag Parikh Long Term Equity Fund-Reg(G) 26.16 12.68 13.11 10.68 15.87
SBI Magnum Multicap Fund-Reg(G) 50.12 13.00 11.89 10.17 11.99
DSP Equity Fund-Reg(G) 41.94 19.06 13.48 8.66 12.15
Canara Rob Equity Diver Fund-Reg(G) 139.46 13.54 14.95 8.05 17.63
Large & Mid Cap
Mirae Asset Emerging Bluechip-Reg(G) 56.42 16.87 16.05 15.36 20.17
Canara Rob Emerg Equities Fund-Reg(G) 95.10 10.34 13.32 11.41 16.50
Sundaram Large and Mid Cap Fund(G) 36.42 13.57 14.79 10.47 10.64
Invesco India Growth Opp Fund(G) 35.89 13.79 15.39 10.04 10.92
DSP Equity Opportunities Fund-Reg(G) 230.49 13.84 11.35 10.04 17.39
Mid Cap
Axis Midcap Fund(G)-Direct Plan 42.57 17.50 18.20 11.14 17.78
DSP Midcap Fund-Reg(G) 56.13 11.15 10.01 10.05 14.11
L&T Midcap Fund-Reg(G) 129.85 0.97 9.02 9.81 18.20
Franklin India Prima Fund(G) 952.32 6.50 8.89 8.85 19.13
Tata Mid Cap Growth Fund(G) 139.27 10.59 10.39 8.26 10.90
Small Cap
Axis Small Cap Fund-Reg(G) 31.32 21.49 13.79 11.13 20.87
Nippon India Small Cap Fund(G) 37.64 -2.52 8.63 9.70 15.45
HDFC Small Cap Fund-Reg(G) 37.92 -7.77 8.85 8.14 12.08
Franklin India Smaller Cos Fund(G) 48.83 -3.51 2.93 6.18 12.08
ICICI Pru Smallcap Fund(G) 25.12 11.69 5.42 4.88 7.88
Performance as on 07th Dec’19; Funds have been arranged on the basis of 5 years performance
10Source : ACE MF
INVESTOR JOURNALDec, 2019
Equity Funds Performance
Scheme NameLatest
NAV (`)
Absolute (%) CAGR (%)
1 Year 3 Year 5 Year SINCE INCEPTION
ELSS
Axis Long Term Equity Fund-Reg(G) 47.92 15.41 15.86 10.83 17.07
DSP Tax Saver Fund-Reg(G) 50.64 16.20 11.85 10.15 13.41
LIC MF Tax Plan(G) 71.53 14.47 13.76 8.13 9.33
Mirae Asset Tax Saver Fund-Reg(G) 18.67 15.61 17.18 17.15
Sector
ICICI Pru Banking & Fin Serv Fund(G) 68.17 19.28 16.33 13.16 18.52
Invesco India Financial Services Fund(G) 61.79 21.66 18.81 13.08 17.32
Mirae Asset Great Consumer Fund-Reg(G) 37.06 13.91 17.95 11.76 16.26
ICICI Pru FMCG Fund(G) 248.19 9.35 15.37 9.47 16.78
Tata Banking & Financial Services Fund-Reg(G) 20.85 27.50 20.10 20.49
Thematic
Aditya Birla SL India GenNext Fund(G) 90.22 17.38 15.48 12.39 16.57
ICICI Pru US Bluechip Equity Fund(G) 31.31 19.60 16.07 12.32 16.63
Canara Rob Consumer Trends Fund-Reg(G) 41.95 15.47 16.99 11.05 15.04
Aditya Birla SL MNC Fund-Reg(G) 781.01 8.03 11.42 9.27 16.65
SBI Magnum Equity ESG Fund-Reg(G) 110.95 15.85 12.42 8.57 14.39
Value
JM Value Fund(G) 32.88 13.19 11.69 9.86 15.66
Tata Equity P/E Fund(G) 136.38 8.22 10.39 9.33 18.43
L&T India Value Fund-Reg(G) 35.35 5.38 7.91 9.16 13.58
Nippon India Value Fund(G) 73.44 7.25 10.95 7.11 14.74
HDFC Capital Builder Value Fund(G) 281.12 1.41 9.82 7.00 13.77
Index
HDFC Index Fund-NIFTY 50 Plan(G) 108.91 13.45 14.53 7.84 14.50
IDFC Nifty Fund-Reg(G) 24.74 13.37 14.55 7.78 9.89
UTI Nifty Index Fund-Reg(G) 78.27 13.72 14.66 7.90 10.97
HDFC Index Fund-Sensex(G) 359.86 15.29 16.13 8.30 14.89
Tata Index Fund-Sensex Plan(G) 99.88 15.17 15.85 7.72 15.76
Performance as on 07th Dec’19; Funds have been arranged on the basis of 5 years performance11
Source : ACE MF
INVESTOR JOURNALDec, 2019
Debt Funds Performance
Scheme NameLatest
NAV (`)Absolute(%) CAGR(%)
1 Year 3 Year 5 Year SINCE INCEPTION
Gilt Funds
IDFC G-Sec-Constant Maturity Plan-Reg(G) 31.22 13.60 9.82 9.93 6.62
SBI Magnum Constant Maturity Fund(G) 44.05 11.08 8.77 9.87 8.14
ICICI Pru Constant Maturity Gilt Fund(G) 16.61 12.41 7.02 9.38 10.18
Nippon India Gilt Securities Fund(G) 26.97 11.85 6.47 9.23 9.18
DSP G-Sec Fund-Reg(G) 64.66 12.12 5.70 8.41 9.68
Liquid Funds Latest NAV (`) 1 Month 3 Months 6 Months 1 Year
Nippon India Liquid Fund(G) 4740.64 0.43 1.38 3.05 6.87
Aditya Birla SL Liquid Fund(G) 312.26 0.43 1.36 3.06 6.85
Axis Liquid Fund-Reg(G) 2155.15 0.43 1.36 3.00 6.79
ICICI Pru Liquid Fund(G) 287.40 0.43 1.35 2.98 6.76
HDFC Liquid Fund(G) 3817.65 0.42 1.32 2.94 6.67
Scheme NameLatest
NAV (`)Absolute(%) CAGR(%)
1 Year 3 Year 5 Year SINCE INCEPTION
Balanced
DSP Equity & Bond Fund-Reg(G) 161.01 15.12 10.12 8.98 14.49
Canara Rob Equity Hybrid Fund-Reg(G) 166.18 12.55 11.32 8.92 11.03
ICICI Pru Balanced Advantage Fund(G) 37.54 11.79 9.90 8.80 10.76
ICICI Pru Equity & Debt Fund(G) 136.63 10.03 9.20 8.60 13.89
HDFC Balanced Advantage Fund(G) 196.96 8.68 11.70 7.64 16.75
Conservative Hybrid
ICICI Pru Regular Savings Fund(G) 44.92 9.82 8.39 8.81 10.05
IDFC Regular Savings Fund-Reg(G) 22.52 8.80 5.85 7.05 8.65
Franklin India Debt Hybrid Fund(G) 58.29 9.04 5.29 6.86 9.62
Canara Rob Conservative Hybrid Fund-Reg(G) 59.75 10.53 6.58 6.57 8.48
L&T Conservative Hybrid Fund-Reg(G) 36.42 8.45 5.35 6.21 6.87
Arbitrage Latest NAV (`) 1 Month 3 Months 6 Months 1 Year
DSP Arbitrage Fund-Reg(G) 11.20 0.43 1.39 3.01 6.45
Aditya Birla SL Arbitrage Fund(G) 19.77 0.43 1.41 3.08 6.20
HDFC Arbitrage-WP(G) 22.89 0.42 1.38 2.92 6.02
ICICI Pru Equity-Arbitrage Fund(G) 25.44 0.39 1.28 2.87 6.01
Axis Arbitrage Fund-Reg(G) 13.94 0.42 1.40 3.05 6.00
Gold-FOF Latest NAV (`) 1 Year 3 Years 5 Years SINCE INCEPTION
Invesco India Gold Fund(G) 11.82 22.45 8.72 6.38 2.11
Aditya Birla SL Gold Fund(G) 12.05 20.37 8.14 6.35 2.44
Kotak Gold Fund(G) 15.92 22.23 9.47 6.30 5.48
HDFC Gold Fund(G) 12.25 20.50 8.67 6.15 2.53
Axis Gold Fund-Reg(G) 11.86 20.56 8.23 5.18 2.12
Performance as on 07th Dec’19
Hybrid Funds Performance
12Source : ACE MF
INVESTOR JOURNALDec, 2019
Global Markets at a Glance
13
Exhibit: Nifty
Exhibit: S&P 500
Exhibit: Euro Stoxx 50
Exhibit: Nikkei
Exhibit: Shanghai
Exhibit: INR
Exhibit: Dollar Index
Exhibit: Eur
Exhibit: JPY
Exhibit: CNY
Exhibit: India 10 Yr Yld %
Exhibit: US 10 Yr Yld %
Exhibit: Germany 10 Yr Yld %
Exhibit: Japan 10 Yr Yld %
Exhibit: China 10 Yr Yld %
Source: Bloomberg, Karvy Research
11150
11200
11250
11300
11350
11400
1-O
ct
3-O
ct
4-O
ct
11-O
ct
14-O
ct70.85
70.95
71.05
71.15
71.25
1-O
ct
3-O
ct
4-O
ct
11-O
ct
14-O
ct
6.45
6.50
6.55
6.60
6.65
6.70
1-O
ct
3-O
ct
4-O
ct
11-O
ct
14-O
ct
98.098.298.498.698.899.099.2
2-O
ct
3-O
ct
4-O
ct
11-O
ct
14-O
ct
2,875
2,900
2,925
2,950
2,975
3,000
1-O
ct
2-O
ct
3-O
ct
4-O
ct
11-O
ct
1.501.551.601.651.701.751.80
2-O
ct
3-O
ct
4-O
ct
11-O
ct
14-O
ct
3,350
3,400
3,450
3,500
3,550
3,600
2-O
ct
3-O
ct
4-O
ct
11-O
ct
14-O
ct
1.0951.0971.0991.1011.1031.1051.107
2-O
ct
3-O
ct
4-O
ct
11-O
ct
14-O
ct
-0.610
-0.560
-0.510
-0.460
-0.410
2-O
ct
3-O
ct
4-O
ct
11-O
ct
14-O
ct
21,200
21,400
21,600
21,800
22,000
1-O
ct
2-O
ct
3-O
ct
4-O
ct
11-O
ct
106.5
107.0
107.5
108.0
108.5
2-O
ct
3-O
ct
4-O
ct
11-O
ct
14-O
ct
-0.23
-0.21
-0.19
-0.17
-0.15
-0.13
2-O
ct
3-O
ct
4-O
ct
11-O
ct
14-O
ct
2,900
2,930
2,960
2,990
3,020
27-S
ep
30-S
ep
11-O
ct
14-O
ct
7.06
7.08
7.10
7.12
7.14
7.16
27-S
ep
30-S
ep
11-O
ct
14-O
ct
3.130
3.140
3.150
3.160
3.170
27-S
ep
30-S
ep
11-O
ct
14-O
ct
INVESTOR JOURNALDec, 2019
Indices Watch
Index NameAs on
31-Oct-19As on
29-Nov-19%
Change
S&P BSE 100 11,999.14 12,142.80 1.20%
S&P BSE 200 4,983.57 5,046.49 1.26%
S&P BSE 500 15,387.13 15,567.67 1.17%
S&P BSE AUTO Index 18,945.63 18,099.52 -4.47%
S&P BSE BANKEX 33,924.81 36,190.99 6.68%
S&P BSE Capital Goods 18,823.14 17,384.46 -7.64%
S&P BSE Con Durables 26,893.46 24,872.70 -7.51%
S&P BSE DOLLEX 30 4,639.48 4,665.22 0.55%
S&P BSE FMCG 12,245.94 11,723.58 -4.27%
S&P BSE GREENEX 2,814.93 2,787.55 -0.97%
S&P BSE Health Care 13,229.05 13,603.33 2.83%
S&P BSE IT 15,392.04 14,875.14 -3.36%
S&P BSE METAL Index 9,305.46 9,778.97 5.09%
S&P BSE Mid-Cap 14,864.50 15,084.86 1.48%
S&P BSE O & G Index 15,734.75 15,155.61 -3.68%
S&P BSE Power Index 1,986.56 1,924.80 -3.11%
S&P BSE PSU 7,190.87 7,072.70 -1.64%
S&P BSE Realty Index 2,062.95 2,166.53 5.02%
S&P BSE SENSEX 40,129.05 40,793.81 1.66%
S&P BSE Small-Cap 13,558.05 13,560.57 0.02%
S&P BSE TECk Index 7,461.76 7,460.77 -0.01%
Indian Indices:
Index NameAs on
31-Oct-19As on
29-Nov-19%
Change
NIFTY PHARMA 7,878.15 8,189.95 3.96%
INDIA VIX 16.28 13.90 -14.63%
NIFTY IT 15,559.40 14,998.05 -3.61%
NIFTY SERV SECTOR 16,472.30 17,063.20 3.59%
Nifty Financial Services 13,516.45 14,208.85 5.12%
NIFTY BANK 30,066.25 31,946.10 6.25%
NIFTY 50 11,877.45 12,056.05 1.50%
NIFTY FMCG 32,319.75 30,975.50 -4.16%
NIFTY 100 12,037.25 12,182.60 1.21%
NIFTY CONSUMPTION 5,169.75 4,994.80 -3.38%
NIFTY 200 6,138.85 6,220.70 1.33%
NIFTY MNC 14,196.30 13,779.20 -2.94%
NIFTY 500 9,689.65 9,813.65 1.28%
NIFTY ENERGY 16,486.15 16,232.15 -1.54%
Nifty 500 Shariah 3,043.56 2,947.49 -3.16%
NIFTY DIV OPPS 50 2,627.95 2,540.00 -3.35%
NIFTY AUTO 8,449.50 8,086.00 -4.30%
Nifty Midcap 50 4,639.70 4,722.80 1.79%
NIFTY PSU BANK 2,506.30 2,669.85 6.53%
NIFTY MEDIA 1,786.80 1,834.90 2.69%
NIFTY COMMODITIES 3,430.40 3,431.90 0.04%
NIFTY METAL 2,500.75 2,625.50 4.99%
NIFTY INFRA 3,322.55 3,323.30 0.02%
NIFTY PSE 3,449.05 3,261.60 -5.43%
NIFTY REALTY 269.00 282.05 4.85%
Global Indices:
Index NameAs on
31-Oct-19As on
29-Nov-19%
Change
All Ordinaries 6,773 6,948.0 2.59%
BEL-20 3,763 3,907 3.81%
Bovespa 107,220 108,233 0.95%
CAC 40 5,730 5,905 3.06%
DAX 12,867 13,236 2.87%
Dow Jones 27,046 28,051 3.72%
FTSE 100 7,248 7,347 1.35%
Nasdaq 8,292 8,665 4.50%
Nikkei 225 22,927 23,294 1.60%
NYSE 13,172 13,545 2.83%
S&P 500 3,038 3,141 3.40%
Taiwan Weighted 11,359 11,490 1.15%
DisclaimerThe information and views presented in this report are prepared by Karvy Stock Broking Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Stock Broking nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document.
This report is intended for a restricted audience and we are not soliciting any action based on it.
For more information on MUTUAL FUNDS call1800 425 8282 or contact your nearest Karvy branch.
Contact PF/MFNL/09122019/71
KARVY DistributionE-mail : [email protected]
Phone : 040 3321 7132
Production: Naga Babu K
14
Source : ACE MF