june, 2016 investor journal karvy’s · june, 2016. page 04. investor journal. 2016. market...
TRANSCRIPT
KARVY’s
June, 2016
INVESTOR JOURNAL
www.karvyvalue.com
What’s InsideMarket Review
Page 01
Karvy Investment InsigntPage 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 11
Global Markets at a GlancePage 12
Indices WatchPage 13
Highlights of the Month » Retirees and other investors dependent on fixed income are
in a spot as deposit rates on company deposits, a popular instrument in which they invest, are coming down. Company deposits of Shriram Transport Finance, Mahindra Finance which used to pay anywhere between 10 and 11% three years back, now pay between 8 and 9%.
» Equity mutual funds witnessed an inflow of Rs 4,438 crore in April, making it the highest in five months, primarily on account of strong retail participation. The inflow comes after seeing a pull out of Rs 1,370 crore from such funds in March. Prior to that, moderation in inflow was seen in the preceding three months mainly due to volatile equity markets.
» Domestic mutual funds (MFs) have taken a lead over other institutional investors when it comes to participation in initial public offerings (IPOs). Fund managers have subscribed to shares of new companies in their anchor book in almost all of recent IPOs, data show. MFs have picked as much as 100 per cent of shares in anchor quota in some IPOs. In absolute terms, MFs have subscribed to Rs 1,060 crore worth of shares of available Rs 1,800 crore in the anchor segment.
» Investors are increasingly using mutual funds as an investment option, as retail investors’ accounts in mutual funds have steadily grown 27% to 4.77 crore from 3.95 crore in September 2014, according to data from AMFI. While number of accounts is not an actual indicator of the number of investors, as an individual investors can invest in multiple mutual funds, financial planners believe mutual fund products have caught the fancy of retail investors over the past couple of years.
KARVY’sINVESTOR JOURNAL
Fund of the MonthDHFL PRAMERICA LARGE CAP FUND(G)
The Investment objective of the Scheme is
to generate long term capital growth...June, 2016
Page 04
INVESTOR JOURNALJune, 2016
Market Review
Surpassing market estimates, India’s Real GDP came in at
7.9% for Q4 FY16, higher than 7.2% growth witnessed in the previous quarter. While growth in industry and services sector remained comfortable, rebound in agriculture sector comes as a respite.
The FY16 growth numbers were fairly on expected lines as anticipated by the Government in its advance estimates. Recent unusual surge in inflation to 5.39% in Apr-16 has curbed most expectations of monetary easing in the June policy. Against this backdrop, with rural demand being the centre focus of development in the economy, the government’s measures aimed particularly at the farmers come at an opportune time.
INR ended the month of May at 67.23 against the USD.
Indian broader indices outperformed most of the peers in the month. Sensex and Nifty both were up by 4.14% and 3.95% respectively.
In the corresponding period, FIIs were net buyers in Equity segment worth around 2578 Crores and were sellers in Debt segment worth 5171 Crores respectively.
Mutual Funds were net buyers in Equity to the tune of 6328 Crores and in debt net sellers up to 1092 Crores.
1.Foreign Trade: The country’s merchandise exports contracted by 6.74% (Y-o-Y) to USD 20.57 billion in Apr’16 as against USD 22.05 billion recorded in Mar’16.
The country’s merchandise imports bills eased to USD 25.41 billion in Apr’16 from USD 33.05 billion recorded a year ago.
Oil imports continued to ease further falling by 24.01% (Y-o-Y) to USD 5.66 billion in Apr’16.
The non-oil imports posted a sharp drop of 22.83% in Apr’16 to USD 19.76 billion vis-à-vis imports of USD 25.60 billion recorded in same period of previous fiscal.
2.Inflation:
Wholesale Price Index‐ based inflation for Apr’16 stood at 0.34% vs -0.85% in Mar’16.
Food article inflation, which was 5.93% in the month of Mar’16 went up to 6.55% yoy in Apr’16.
The fuel inflation stood at 4.87% in Apr’16 from 5.31% in the month of Mar’16.
CPI edged up to 5.39% yoy from 4.83% yoy in Mar-16.
3.Index of Industrial Production (IIP):
Index of Industrial Production (IIP) for Mar’16 rose by meager 0.1% against 2% in previous month.
Manufacturing production in India fell 1.20%in March’16 over the same month in the previous year, following a 0.7 percent rise in February.
Basic Goods expanded by 4.04% in Apr’16 against 2.55% in Mar’16.
Capital goods contracted by 15.38% in Mar’16 against 9.12% in Mar’15.
Among the BSE sectoral indices, Capital goods, Bankex and Auto were the major gainers which ended the month up by 9.56%, 5.22% and 4.84% respectively while Health, Oil & Gas and Consumer Durables were the major losers ending the month down by 2.16%, 0.37% and 0.22% respectively.
Among the NSE sectoral indices, Finance, Auto and Bank were the major gainers which ended the month up by 6.97%, 5.21% and 4.92% respectively while major indices such as VIX, Pharma and Metal ended the month in the negative territory by 2.98%, 2.64% and 0.68% respectively.
Among the major Asian Indices, it was a positive month for all the indices with Nikkei and Taiwan which ended up by 3.41%, 1.88% whereas Straits, Hangseng went down by 1.67% and 1.20% respectively.
It was a positive month for BEL-20, DAX and CAC-40 which ended positive by 3.07%, 2.23%, 1.73% while other European index FTSE-100 was in negative going down by 0.18%.
It was a great month for all Major American Indices with NASDAQ, S&P500, Dow Jones, NYSE which ended up by 6.76%, 1.53%, 0.08% and 0.04% respectively.
Among the major indices across the world, Bovespa, Brazilian index was drastically down by 10.09%.
Apart from FII and MF activity, Key domestic data released in the month of May were:
1
INVESTOR JOURNALJune, 2016
S&P BSE SENSEXDate Close Price Points Diff %age Change
29-Apr-16 25606.62
3-May-16 25229.70 -376.92 -1.47%
10-May-16 25772.53 542.83 2.15%
18-May-16 25704.61 -67.92 -0.26%
26-May-16 26366.68 662.07 2.58%
31-May-16 26667.96 301.28 1.14%
4.14%
CNX Nifty IndexDate Close Price Points Diff %age Change
29-Apr-16 7849.8
3-May-16 7747.00 -102.80 -1.31%
10-May-16 7887.80 140.80 1.82%
18-May-16 7870.15 -17.65 -0.22%
26-May-16 8069.65 199.50 2.53%
31-May-16 8160.10 90.45 1.12%
3.95%
Sensex & Nifty:
MF Activity: (Month Between 02-May-2016 to 31-May-2016)
EquityDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
2-May-16 589.00 573.80 15.20
10-May-16 1,014.00 892.60 121.40
18-May-16 1,001.50 961.40 40.10
25-May-16 1,412.10 990.00 422.10
30-May-16 850.40 686.30 164.10
May-16 23,890.10 17,561.60 6,328.50
DebtDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
2-May-16 7,389.80 7,055.50 334.30
10-May-16 7,986.70 10,652.70 -2,666.00
18-May-16 4,247.30 3,480.80 766.50
25-May-16 6,164.30 6,661.30 -497.00
30-May-16 5,925.80 4,513.80 1,412.00
May-16 125,069.00 126,161.60 -1,092.60
2
FII Activity: (Month Between 02-May-2016 to 31-May-2016)
EquityDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
2-May-16 2,986.67 2,637.70 348.97
10-May-16 3,859.32 3,475.91 383.41
18-May-16 3,984.43 3,988.97 -4.54
25-May-16 3,752.57 3,243.02 509.55
31-May-16 18,838.52 18,818.86 19.66
May-16 102,086.41 99,507.77 2,578.64
DebtDate Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
2-May-16 500.55 333.77 166.78
10-May-16 742.15 1,142.44 -400.29
18-May-16 273.90 398.55 -124.65
25-May-16 583.24 828.32 -245.08
31-May-16 286.05 537.52 -251.47
May-16 17,717.97 22,889.35 -5,171.38
INVESTOR JOURNALJune, 2016
3
Karvy Investment Insignt
Peace of mind and Wealth Creation ideas for long term
Karvy Insights brings to you investment wisdom to help our investors make sound investment decisions and reach their goals faster. These inputs may not help you become wealthy in a short span of time, but they would definitely give you peace of mind and a roadmap for your financial journey.
Goals
Most difficult but the most important part before making any Investment is to identify and set Target/ Goal.
Goal can be anything, like:
» Children’s Education
» Buying a House/ Car
» Children’s Marriage
» Planning a Leisurely vacation
They can be as short as few Months or may even trend across years. The key parameters before defining goals are:
» How Much money is required? (After adjusting for inflation)
» How much time is there to reach the goal?
Check out Income vs Age graph for various goals of an individual.
INVESTOR JOURNALJune, 2016
4
SEBI wants to killdistributors but Index funds can charge 1.5% for
buying stocks where NO research is needed.
- Debashis Basu @Moneylifers
Government revenue, 2015. Russia: $428
billion India: $426 billion, Walmart revenue: $482 billion!
- Amit Arora@amitdipsite
Always follow those whose viewpoints differ from yours. Besides
learning, this will ensure you dont make mistakes.
- Mahesh@invest_mutual
‘Tweets’ of the Month
Fund of The Month
DHFL PRAMERICA LARGE CAP FUND(G)
Investment Objective:
The Investment objective of the Scheme is to generate long term capital growth from a diversified portfolio of equity and equity related securities of companies registered in, and/or listed on a regulated market of India. The Scheme will invest in companies across a range of market capitalisations with a preference for medium and large companies. The investment objective is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities. However there can be no assurance that the Scheme objective can be realized.
Portfolio:Top 10 Companies Holdings
Name %age
HDFC Bank Ltd. 9.6
Infosys Ltd. 8.3
HDFC Ltd. 7.7
Larsen & Toubro Ltd. 5.0
Reliance Industries Ltd. 4.8
Tata Consultancy Services Ltd. 4.7
ITC Ltd. 4.2
ICICI Bank Ltd. 4.0
Net Current Asset 3.9
Kotak Mahindra Bank Ltd. 3.8
Top 10 Sector Wise Holding
Industry Name (%)
Bank - Private 21.4
IT - Software 17.6
Finance - Housing 7.7
Pharmaceuticals & Drugs 6.4
Refineries 5.7
Engineering - Construction 5.0
Cigarettes/Tobacco 4.2
Other 3.9
Bank - Public 3.8
Cement & Construction Materials 3.7
To read the full Information, Click Here
About Performance of the Scheme:
It is an open end diversified equity fund that seeks to provide long-term capital appreciation by investing in mid and small...
Indicates an increase or decrease or no change in holding since last profile. Indicates an increase or decrease in holding since last portfolio.
Almost 30 years in the industry and I find the keys to success
are unchanged; have a diversified strategy, keep fees low & stay the course.
- Rick Ferri @Rick_Ferri
A stitch in time saves nine.. A SIP in time grows your dime..
go get yours now...n try be financially fine.
- Lakshmi Iyer@Lakshmi1876
INVESTOR JOURNALJune, 2016
Readers Corner
IMPORTANT CONCEPTS TO UNDERSTAND BEFORE INVESTING
Investment universe has tons of financial products adding up every now and then. The focus is more on which product to choose rather than how/why to choose. Let us check five important terms in investment which you ought to understand before opting for an investment.
Inflation
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling is known as Inflation.
This can be best explained by Dosanomics, as suggested by our beloved RBI Governor Mr. Raghuram Rajan. With high inflation and high interest rates, a pensioner who invests 100,000 rupees could buy the same number of dosas with the interest at the end of the year as he could at the start. But if inflation came down, even with a lower interest rate, the same pensioner could buy more dosas each year with the return on his investment. When inflation is 5.5% but the interest rate you are getting is 8%, you are earning a real rate of 2.5%, which means 2.5% more dosas.
It is also popularly known as the time value of money, which is the principle that a certain amount of money today has a different buying power (value) than the same currency amount of money in the future. The value of money at a future point of time would take account of interest earned or accrued over a given period of time.
CPI (Consumer Price Index)
A measure that examines the weighted average of prices of a basket of consumer goods & services, such as transportation, food & medical care.
To read the full Article, Click here
5
INVESTOR JOURNALJune, 2016
Story of The Month
In the dusty streets of a large city lived a beggar procuring alms and rice daily from passersby. Most of the days he was unable to gain enough food for a meal. At night, he slept under the sky with only a rag to cover him. His life was difficult, but he had grown used to it over the many years.
One day, the beggar heard that the Emperor was coming to town for a visit. “I am sure the generous Emperor will see the state I am in and grant a generous gift. The richest of all men will bestow some sympathy and relief on me in a manner that would undoubtedly surpass the paltry givings of the regular citizens”, he thought.
He made plans to seat himself along the route the Emperor will be traversing, so that the Emperor does not miss to notice the beggar. He gathered all his belongings and sat on the street.
The royal caravan finally approached and stopped right in front of him around mid-day. While the beggar had expected no more than a little gift from the Emperor’s servants, he was speechless when the cavalcade halted beside him, and the great ruler himself emerged in front of him.
THE EMPEROR AND THE BEGGAR
You get the best out of every situation when you give the best of yourself. Only by giving you are able to receive more than you already have.
The Emperor approached the beggar, shook the poor man’s hand, touched him gently on the shoulder and looked into his eyes and said “Kind sir, may I have a little gift of rice?”
For a moment, the beggar didn’t understand what the Emperor said. The Emperor motioned to his bowl which had some rice. “Can you please spare some grains of rice?” the powerful man insisted.
The beggar could barely believe what was happening to him. He had only a handful of grains. He knew he could not deny the Emperor’s request by any means. He reluctantly counted five grains of rice and dropped them into the hands of the Emperor.
The Emperor thanked him and shook his hand once more and went on his way. Confused, hurt and angry, the beggar watched the caravan disappear.
That night, while he was cleaning his rice for his dinner, he noticed something glinting in his bowl. He looked closer and a thrill shot through him when he dug out a tiny gold nugget out of his bowl.
The gold nugget was enough for him to buy him a few months off the street.
“There must be more of it” he thought and started to sift through the rice in search of more gold. He found four more pieces of gold nuggets inside his rice bowl.
As he stared down at the small fortune in his bowl, it dawned on him: there were five gold nuggets. One for each grain of rice he had offered the Emperor.
MORAL OF THE STORY:
Courtesy : Karvy Learning Center
Direct Dil Se…
6
INVESTOR JOURNALJune, 2016
SIP Performance
S&P BSE SENSEXCurrent NAV (`)
3 Year SIP 5 Year SIP
Rs.36000 Rs.60000
Profit-SIP XIRR(%) Profit-SIP XIRR(%)Large-cap
Birla SL Advantage Fund(G) 300.20 12377.08 21.32 38263.05 20.46
SBI BlueChip Fund-Reg(G) 29.75 11545.14 20.00 37467.60 20.12
Birla SL Equity Fund(G) 492.71 11036.42 19.20 35881.12 19.42
Reliance Growth Fund(G) 788.30 9585.96 16.86 29079.10 16.32
BNP Paribas Equity Fund(G) 67.23 8823.42 15.61 31002.87 17.22
Birla SL Frontline Equity Fund(G) 164.98 8687.59 15.38 30589.51 17.03
Reliance Vision Fund(G) 425.61 8669.60 15.35 25562.33 14.63
Multi cap
Birla SL Pure Value Fund(G) 39.47 15542.66 26.17 49710.16 25.16
Sundaram Rural India Fund(G) 29.46 14420.05 24.47 37809.97 20.26
L&T India Value Fund-Reg(G) 24.90 14349.38 24.36 46393.82 23.85
ICICI Pru Value Discovery Fund(G) 113.87 13138.83 22.50 44807.77 23.20
SBI Magnum Multicap Fund-Reg(G) 34.37 13088.29 22.42 39082.97 20.81
Franklin India High Growth Cos Fund(G) 28.96 12778.62 21.94 44627.00 23.13
Birla SL India Opportunities Fund(G) 113.98 12734.42 21.87 44781.73 23.19
Mid Cap & Small Cap
DSPBR Micro-Cap Fund-Reg(G) 44.89 25633.79 40.44 72064.85 33.21
SBI Small & Midcap Fund-Reg(G) 32.57 21663.31 35.02 67259.39 31.59
Reliance Small Cap Fund(G) 25.94 19663.55 32.20 61730.43 29.65
Franklin India Smaller Cos Fund(G) 41.73 19662.09 32.20 66180.79 31.21
SBI Magnum MidCap Fund-Reg(G) 63.73 19498.41 31.96 63026.67 30.11
Mirae Asset Emerging BlueChip-Reg(G) 32.00 18760.82 30.90 60277.24 29.13
Canara Rob Emerg Eq Fund-Reg(G) 60.43 18366.92 30.34 56876.22 27.89
ELSS
Axis LT Equity Fund(G) 31.11 13081.93 22.41 46436.60 23.86
Birla SL Tax Relief '96(G) 22.02 12357.23 21.28 39212.76 20.87
Birla SL Tax Plan(G) 27.78 11763.06 20.35 37514.68 20.14
Franklin India Taxshield(G) 433.78 11502.00 19.94 36012.54 19.48
Invesco India Tax Plan(G) 35.81 11037.82 19.20 35858.25 19.41
Reliance Tax Saver (ELSS) Fund(G) 44.04 10784.81 18.79 36833.02 19.84
L&T Tax Saver Fund(G) 26.62 10770.92 18.77 31590.63 17.49
Sector
Franklin Build India Fund(G) 29.16 16031.18 26.90 52198.58 26.13
SBI Pharma Fund-Reg(G) 135.74 12401.36 21.35 52873.11 26.38
ICICI Pru Banking & Fin Serv Fund(G) 37.05 11018.41 19.17 36417.68 19.66
ICICI Pru Exports & Other Services Fund(G) 44.31 10852.65 18.90 49606.46 25.12
SBI Infrastructure Fund-Reg(G) 11.86 10425.95 18.22 22214.06 12.96
L&T Infrastructure Fund-Reg(G) 10.43 10076.92 17.65 27142.52 15.40
Canara Rob Infrastructure Fund-Reg(G) 36.31 10069.23 17.64 26733.82 15.20
Index
ICICI Pru Nifty Next 50 Index Fund(G) 17.24 8534.12 15.13 28733.80 16.16
IDBI Nifty Junior Index Fund(G) 15.02 7991.66 14.23 27535.46 15.58
GS CNX 500(G) 28.41 5606.61 10.18 19315.80 11.47
R*Shares CNX 100 ETF 84.00 5359.50 9.75 0.00 0.00
HDFC Index Fund-Nifty(G) 72.40 4996.07 9.11 18450.31 11.01
As on 02nd June’16 (Funds have been arranged on 5 years performance)7
INVESTOR JOURNALJune, 2016
Category Average Returns
Category Sub Category1 Week Return
1 Month Return
3 Month Return
6 Month Return
1 Year Return
3 Year Return
5 Year Return
Since Inception
Diversified
Large-cap 2.96 3.32 13.85 0.28 -2.97 14.77 9.95 9.45
Mid-cap 2.33 2.75 14.60 -0.96 0.76 27.82 17.84 12.01
Multi-cap 2.89 2.71 14.26 -0.09 -1.22 18.50 11.30 13.08
Small-cap 1.79 2.11 16.03 -1.57 3.47 35.86 20.49 19.11
Sector Funds
Banks & Financial Services 3.76 4.87 22.34 2.65 -3.52 12.42 10.45 13.31
Energy & Power 3.07 1.63 15.06 1.44 1.31 18.18 3.53 10.65
FMCG 1.74 5.44 11.08 2.93 4.25 12.43 19.08 17.78
Infrastructure 2.93 1.79 12.98 -2.01 -3.44 17.12 6.33 6.95
Media & Entertainment 2.12 3.74 11.58 -1.16 13.37 15.41 11.42 12.61
Pharma & Health Care 1.03 -2.25 -3.03 -9.62 -1.70 22.94 18.19 8.12
Service Industry 1.61 0.66 4.14 -6.34 0.39 31.22 20.88 15.22
TECk 2.68 2.28 9.97 2.35 7.21 25.13 14.42 10.81
Speciality
Contra 4.35 2.36 17.57 1.13 0.91 24.07 14.31 13.25
Dividend Yield 2.60 2.36 13.35 -0.99 -3.01 15.11 9.88 12.95
Index - Nifty 3.40 3.88 13.50 2.24 -2.33 11.93 8.54 11.82
Index - Sensex 3.76 4.19 13.24 1.88 -3.79 10.79 7.99 15.82
MNC 1.41 2.87 11.66 0.99 1.19 31.29 22.40 18.48
Equity Exchange Traded Funds 3.80 3.33 14.51 0.44 -4.70 10.52 6.31 6.76
Equity Linked Savings Scheme 2.91 3.31 14.91 0.79 -1.29 18.46 11.95 13.03
Arbitrage Funds
Debt-Oriented 0.17 0.54 3.61 4.95 7.54 7.92 8.57 8.12
Equity-Oriented 0.25 0.61 1.99 2.97 5.72 8.11 8.30 7.36
Asset Allocation 1.33 1.48 6.60 3.71 2.74 7.92 8.00 8.06
Balanced Funds
Debt-Oriented 1.03 1.66 4.34 2.53 1.25 10.04 9.91 5.76
Equity-Oriented 2.11 2.50 11.25 1.67 1.07 16.37 11.73 12.43
Category Capital Protection Funds 0.62 1.12 3.75 2.44 3.69 9.61 6.40
Monthly Income Plans 0.56 0.93 4.77 3.25 5.61 9.38 9.07 8.46
Fund Of Funds
Debt-Oriented 0.64 0.95 5.29 3.40 6.00 9.35 9.19 8.63
Equity-Oriented 2.38 2.07 10.72 3.17 3.63 14.72 10.39 12.98
Hybrid-Oriented 1.77 1.94 8.52 4.32 5.32 10.25 9.19 8.95
Gold - FOF -1.72 -3.82 -1.09 14.91 5.23 0.16 3.46 0.16
Gold Exchange Traded Funds -1.32 -3.39 -3.10 14.59 7.29 1.30 4.26 5.29
Income
Long Term 0.06 0.42 3.12 3.79 7.29 7.15 8.76 8.21
Medium Term 0.09 0.58 2.92 3.96 7.96 8.01 9.17 8.45
Short Term 0.10 0.61 2.65 4.01 7.87 8.39 9.03 8.16
Gilt
Long Term 0.00 0.29 3.89 4.04 7.27 7.20 9.07 8.66
Medium Term -0.02 0.32 3.56 3.96 7.41 7.26 8.73 8.44
Short Term 0.08 0.61 2.71 5.01 9.19 8.09 8.42 6.86
Floating Rate
Long Term Floating Rate 0.08 0.56 3.00 4.23 8.62 8.50 8.81 7.43
Med Term Floating Rate 0.16 0.66 3.03 4.58 9.46 9.44 9.34 7.22
Short Term Floating Rate 0.13 0.65 2.32 4.00 8.19 8.65 8.98 7.70
Speciality-Debt
Interval Funds - Half Yrly 0.14 0.68 1.99 3.85 7.89 8.41 8.80 8.05
Interval Funds - Monthly 0.13 0.61 1.88 3.66 7.90 8.57 8.74 8.12
Interval Funds - Quarterly 0.13 0.61 1.83 3.62 7.51 8.50 8.80 8.30
Interval Funds - Yearly 0.13 0.67 2.26 3.92 8.13 8.73 8.95 8.61
Liquid 0.13 0.61 1.94 3.72 7.52 8.20 8.40 7.28
Ultra Short Term Plan 0.12 0.65 2.32 3.98 7.97 8.51 8.75 7.82
Returns are as on 02nd June’16 8
INVESTOR JOURNALJune, 2016
Fixed Deposits Schemes
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.
8.75%
DHFL Aashray DepositPlus
CARE AAA FD, BWR FAAA
Dewan Housing Finance Ltd (DHFL) is the second housing finance company to be set up in the private sector in India.
9.15%
Gruh Finance Ltd.MAAA by ICRA, FAAAby CRISIL
GRUH Finance Ltd is subsidiary of HDFC Ltd is housing finance company (HFC) recognized by National Housing Bank.
8.25%
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.
8.65%
HUDCO‘tAA+(ind)’ by FITCH, ‘CARE AA+(FD)’ by CARE
HUDCO is a premier techno-financing company set up in 1970 by the Government of India to accelerate the pace of housing and urban development in the country.
7.95%
ICICI Home Finance Ltd
CARE FAAA, ICRA MAAA
ICICI Home Finance Company Limited is one of the leaders in the Indian mortgage finance and realty space.
8.85%
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.
8.75%
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.
8.70%
PNB Housing Finance Ltd.
FAAA by CRISILPNB 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.
8.50%
Shriram City Union Finance Ltd.
IND +AA- CARE AA FD
As a deposit-accepting non-banking financial company (NBFC), Shriram City is today India’s premier financial services company specializing in retail finance.
9.00%
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
9.00%
Sundaram Home Finance Ltd.
ICRA MAA+Sundaram BNP Paribas Home Finance combines its expertise in Home Finance with the Service Orientiation of its promoter Sundaram Finance.
8.75%
* highest rate including additional interest for Senior citizens, employees etc. wherever applicable
9
INVESTOR JOURNALJune, 2016
Equity Funds Performance
Scheme NameLatest
NAV (`)
Absolute CAGR
1 Year 3 Year 5 YearSINCE
INCEPTION
Diversified
DSPBR Micro-Cap Fund-Reg(G) 44.8930 11.6228 42.4393 24.0832 18.2185
Reliance Small Cap Fund(G) 25.9389 7.9015 40.0295 21.3561 18.1590
UTI Transportation & Logistics Fund(G) 87.3842 0.4510 39.3323 26.4544 19.5598
SBI Small & Midcap Fund-Reg(G) 32.5707 9.8281 37.1983 23.0553 19.1745
Franklin India Smaller Cos Fund(G) 41.7269 7.9111 35.4492 23.7285 14.7410
ELSS
Axis LT Equity Fund(G) 31.1053 1.2304 26.4669 19.9163 19.3101
Reliance Tax Saver (ELSS) Fund(G) 44.0354 -6.6382 24.0935 16.0118 14.8578
Birla SL Tax Relief '96(G) 22.0200 2.3645 24.0199 14.8732 10.2242
Birla SL Tax Plan(G) 27.7800 1.9770 23.0867 15.2530 11.1462
Franklin India Taxshield(G) 433.7773 1.6557 22.2821 15.4719 24.5756
Sector
ICICI Pru Exports & Other Services Fund(G) 44.3100 0.3841 31.2240 20.8807 15.2167
Franklin Build India Fund(G) 29.1645 -1.4105 30.1198 20.3218 17.1970
ICICI Pru Technology Fund(G) 42.3200 5.2331 29.0578 18.4276 9.2795
SBI Pharma Fund-Reg(G) 135.7387 -0.8728 28.2296 24.2136 17.8324
Birla SL New Millennium Fund(G) 37.5400 10.1571 25.7164 14.1326 8.4061
Dividend Yield
BNP Paribas Dividend Yield Fund(G) 34.6100 -2.2173 20.3429 14.1201 12.2817
Tata Dividend Yield Fund(G) 59.0692 -0.1785 18.1518 11.7559 16.6519
HSBC Dividend Yield Equity Fund(G) 16.3337 -1.1551 14.2981 8.6407 5.4745
Birla SL Dividend Yield Plus(G) 130.5100 -6.9919 14.0548 8.9237 21.2796
Principal Dividend Yield Fund(G) 34.1600 -4.2485 12.4160 8.2420 11.1353
Global
MOSt Shares NASDAQ-100 ETF 302.6716 5.5744 21.3770 23.2083 23.0771
ICICI Pru US Bluechip Equity Fund(G) 19.2600 6.7663 15.3623 18.2802
Birla SL Intl. Equity Fund-B(G) 13.9450 -1.9657 11.9568 7.7142 3.9463
GS Hang Seng BeES 2090.9661 -17.9911 6.0725 8.3365 8.7562
Birla SL Intl. Equity Fund-A(G) 15.8192 -8.1556 5.5435 9.2177 5.4832
Equity Index
ICICI Pru Nifty Next 50 Index Fund(G) 17.2444 0.1042 16.6962 11.2797 9.6079
IDBI Nifty Junior Index Fund(G) 15.0220 -0.9632 15.8112 10.8256 7.3983
GS CNX 500(G) 28.4066 -2.3653 12.8032 8.2592 15.1403
R*Shares CNX 100 ETF 83.9960 -2.0616 12.3773 14.0702
ICICI Pru Nifty Index Fund(G) 78.3087 -2.2808 11.8819 8.5683 15.5129
Equity FOF
Kotak Asset Allocator Fund(G) 63.3600 6.8746 18.7574 11.9023 16.9069
Birla SL Financial Planning FOF Aggressive Plan(G) 17.0834 3.6652 15.8005 11.0624 11.1441
Franklin India Life Stage FOFs-20(G) 64.3276 2.4639 15.6971 11.6713 16.0439
Birla SL Asset Allocator Multi FoF(G) 22.1516 4.4681 15.4180 6.8634 8.4564
Franklin India Feeder - Franklin U.S. Opp Fund(G) 20.1289 -3.4052 14.5061 17.5765
(Funds has been arranged on the basis of 3 years performance)10
INVESTOR JOURNALJune, 2016
Debt Funds Performance
Scheme NameLatest
NAV (`)
Absolute CAGR
1 Year 3 Year 5 YearSINCE
INCEPTION
Gilt Funds
IDFC G Sec-STP-Reg(G) 22.1172 9.2133 10.4378 9.0142 5.7321
Sundaram Gilt Fund(G) 24.9668 5.6382 10.0682 10.0312 6.2496
SBI Magnum Gilt-STP(G) 31.5569 8.9907 9.9186 9.8384 7.7251
L&T Gilt Fund-Reg(G) 37.9072 8.3617 9.6430 10.9369 8.5810
Tata Gilt Mid Term Fund(G) 16.6848 8.2689 8.9826 10.1706 8.9964
Income
ICICI Pru Long Term Plan(G) 18.2218 8.3306 11.9774 11.0859 9.8823
SBI Corporate Bond Fund-Reg(G) 24.2060 9.3336 10.3463 10.0150 7.7181
Birla SL Treasury Optimizer Plan(G) 191.7426 9.0108 10.3033 10.0664 8.3800
Birla SL Medium Term Fund(G) 18.9407 9.5400 10.1382 10.5504 9.2877
Birla SL ST Opportunities Fund(G) 25.1706 8.6623 9.6646 10.1188 7.3157
Scheme NameLatest
NAV (`)
Absolute CAGR
1 Year 3 Year 5 YearSINCE
INCEPTION
Balanced
HDFC Balanced Fund(G) 111.2410 2.9642 21.2060 14.2892 16.5488
ICICI Pru Child Care Plan-Gift Plan 104.0800 3.1430 20.3747 13.4707 17.1979
L&T India Prudence Fund-Reg(G) 19.8570 2.7242 20.2613 14.3968 13.7685
Tata Balanced Fund(G) 170.1781 0.0382 19.7328 15.3661 16.4318
SBI Magnum Balanced Fund-Reg(G) 97.8645 3.1236 19.2466 14.5880 16.6248
MIP
ICICI Pru Child Care Plan-Study Plan 57.5243 6.3005 17.1274 14.0797 12.5835
SBI Magnum Children Benefit Plan 40.3335 11.3536 14.5837 12.1269 10.2058
Birla SL MIP II-Wealth 25(G) 30.9906 5.1831 13.3164 11.5281 9.8537
SBI Magnum MIP-Floater Plan(G) 22.3069 8.9061 12.0238 10.6040 7.9330
UTI MIS Adv Plan(G) 33.0854 6.5757 11.4336 10.1766 10.0718
Arbitrage
Edelweiss Absolute Return Fund(G) 18.4900 -3.1344 11.8661 10.0668 9.4800
ICICI Pru Equity-Arbitrage Fund(G) 20.6313 6.2957 8.1339 8.4126 7.9849
Kotak Equity Arbitrage Scheme(G) 22.2494 6.4398 8.1130 8.3881 7.7760
Reliance Arbitrage Advantage Fund(G) 15.9320 6.3406 8.0514 8.5692 8.6154
ICICI Pru Blended-B-I(G) 22.8338 8.7003 8.0277 8.8833 7.7868
Gold-FOF
Birla SL Gold Fund(G) 9.5872 18.7211 7.4053 0.6422 -0.9981
ICICI Pru Regular Gold Savings Fund(G) 10.1505 14.0557 6.4208 1.0298 0.3222
Kotak Gold Fund(G) 12.4715 13.3041 6.2662 0.008 4.3458
IDBI Gold Fund(G) 8.9469 13.4256 5.9494 0.4075 -2.8859
Canara Rob Gold Saving Fund-Reg(G) 8.9272 13.1501 5.6606 -0.1749 -2.8413
(Funds has been arranged on the basis of 1 year performance)
Hybrid Funds Performance
11
INVESTOR JOURNALJune, 2016
Global Markets at a Glance
12
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 %
7500
7800
8100
8400
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay66.5
67.0
67.5
68.0
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay
31-M
ay
7.5
7.5
7.5
7.5
7.5
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay
2,040
2,080
2,120
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
95.0
95.2
95.4
95.6
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay
31-M
ay
1.8
1.8
1.8
1.9
1.9
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay
31-M
ay
2900
2950
3000
3050
3100
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay
31-M
ay
1.105
1.110
1.115
1.120
1.125
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay
31-M
ay
0.12
0.14
0.16
0.18
0.20
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay
31-M
ay
16000
16500
17000
17500
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay
31-M
ay
108.0
109.0
110.0
111.0
112.0
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay
31-M
ay
-0.15
-0.10
-0.05
0.00
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay
31-M
ay
2750
2800
2850
2900
2950
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay
31-M
ay
2750
2800
2850
2900
2950
23-M
ay
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay
31-M
ay
2.9302.9402.9502.9602.9702.980
24-M
ay
25-M
ay
26-M
ay
27-M
ay
30-M
ay
31-M
ay
Source: Bloomberg, Karvy Research
INVESTOR JOURNALJune, 2016
Indices Watch
Index NameAs on
29-Apr-16As on
31-May-16%
Change
S&P BSE Capital Goods 13202.64 14464.97 9.56%
S&P BSE BANKEX 19114.83 20111.74 5.22%
S&P BSE Power Index 1846.34 1871.71 1.37%
S&P BSE PSU 6268.16 6256.79 -0.18%
S&P BSE DOLLEX 30 3160.88 3258.09 3.08%
S&P BSE AUTO Index 18469.40 19363.25 4.84%
S&P BSE SENSEX 25606.62 26667.96 4.14%
S&P BSE 100 7973.88 8276.73 3.80%
S&P BSE 200 3321.63 3442.76 3.65%
S&P BSE 500 10406.12 10761.49 3.42%
S&P BSE O & G Index 9356.16 9321.96 -0.37%
S&P BSE METAL Index 7958.93 7950.38 -0.11%
S&P BSE Mid-Cap 11042.92 11366.04 2.93%
S&P BSE GREENEX 2246.18 2343.54 4.33%
S&P BSE Small-Cap 11020.59 11142.42 1.11%
S&P BSE TECk Index 6121.75 6227.10 1.72%
S&P BSE Consumer Durables 11787.17 11761.37 -0.22%
S&P BSE IT 11330.17 11576.14 2.17%
S&P BSE Health Care 15582.33 15246.16 -2.16%
S&P BSE FMCG 7697.38 8045.03 4.52%
S&P BSE Realty Index 1356.71 1421.08 4.74%
Indian Indices:
Index NameAs on
29-Apr-16As on
31-May-16%
Change
NIFTY FMCG 19737.70 20521.65 3.97%
NIFTY MEDIA 2423.35 2533.80 4.56%
NIFTY COMMODITIES 2523.90 2570.45 1.84%
NIFTY 100 7963.65 8254.80 3.66%
Nifty 500 Shariah index 2137.17 2157.31 0.94%
NIFTY PSE 2962.70 2973.05 0.35%
NIFTY DIV OPPS 50 1852.85 1877.95 1.35%
NIFTY FINANCE 6724.70 7193.25 6.97%
NIFTY IT 11196.25 11395.85 1.78%
NIFTY REALTY 174.80 183.15 4.78%
Nifty Midcap 50 3318.10 3376.30 1.75%
INDIA VIX 16.54 16.05 -2.98%
NIFTY 100 7963.65 8254.80 3.66%
NIFTY SERV SECTOR 10149.15 10601.70 4.46%
NIFTY 50 7849.80 8160.10 3.95%
NIFTY INFRA 2638.35 2753.55 4.37%
NIFTY PHARMA 11293.25 10995.45 -2.64%
NIFTY METAL 2045.80 2031.85 -0.68%
NIFTY PSU BANK 2444.05 2494.75 2.07%
NIFTY 500 6588.55 6804.00 3.27%
NIFTY 200 4126.85 4268.40 3.43%
NIFTY CONSUMPTION 3488.30 3605.50 3.36%
NIFTY BANK 16795.00 17620.90 4.92%
NIFTY ENERGY 8404.65 8373.20 -0.37%
Global Indices:
Index NameAs on
29-Apr-16As on
31-May-16%
Change
Nasdaq 4775.36 5098.00 6.76%
S&P 400 1461.65 1493.05 2.15%
BEL-20 3409.37 3514.06 3.07%
Taiwan Weighted 8377.90 8535.59 1.88%
DAX 10038.97 10262.74 2.23%
S&P 500 2065.30 2096.95 1.53%
Dow Jones 17773.64 17787.20 0.08%
NYSE 10436.92 10441.00 0.04%
CAC 40 4428.96 4505.62 1.73%
All Ordinaries 5316.00 5447.80 2.48%
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.
Research TeamPF/MFNL/06062016/31
Ankit ChoradiaE-mail : [email protected]
Phone : 040 3321 7132
Production: Naga Babu K
13