monthly update february 2016 - spa capital 2016.pdf · monthly update february 2016 a s we step...

Monthly Update February 2016

As we step into 2016, the stability that market observed post Fed rate hike has

turned into caution on account of China. On domestic front, the drivers that

mattered in 2015 will continue to matter in 2016 too i.e. implementation of reforms

and growth in corporate earnings.

The first month of 2016 started on a negative note with Sensex dipped its

psychological level of 25,000 on 7 Jan 2016. The on-going developments in China

continue to weigh down markets. The slowdown in Chinese market has made

economists quoting that the situation in 2016 looks similar to what we had witnessed

in 2008 at the time of financial crisis. The election failure in Bihar and arguments

amongst party members does not look fine. The government is putting a brave face

on the impact of Seventh Pay Commission on fiscal numbers. Implementations of

Seventh Pay Commission will further deteriorate the States finances and may even

make them to hold their development spends. The investor community is expecting

an action from government now and is not ready to pour fresh money unless

government pushes reforms to the next level.

Overcoming the negative comments, the setting of National Investment &

Infrastructure Fund (NIIF) aimed at enhancing infrastructure is a welcome move and

will bring cascading impact on the economy. The 40,000 Crores (INR) fund will

strength confidence among investors community. Government initiatives like Uday

(to bring reforms in power), Indradhanush (to revamp PSU) will bring positive

effects on the economy in the long run. India’s financial services sector seems to

break the grounds in coming years. The introduction of direct transfer subsidy

directly to bank accounts and success of Jan Dhan Yojna augurs well for the banking

sector as it ensures that a large section of unbankable population will join formal

banking system. The rural demand may witness an improvement in 2016 as monsoon

favouring La Nina is expected to come back.

29 February 2016 would be a remarkable day for government when Finance Minister

will present the Union Budget for fiscal year 2016-17. The ruling government may

continue its reforms agenda in the coming years and will leave no stone unturned to

bring India back on growth path.

A time, when several emerging economies are struggling hard; be in terms of

economic re-balancing, maximizing employment or maintaining price stability.

India on the other hand, seems to be on better footing.Amidst global slowdown, India

looks like an oasis in the global desert which is poised to play its part yet.

2

February 2016

Special Review

Tax Planning

A

Qualifying investment avenues availableunder 80C/ 80 CCC/ 80 CCD:

Other Deductions (Exclusive of the 1.5 lac limit under 80C)

ccording to a wise old saying, “Apenny saved is a penny earned”.By doing tax planning, you can save a lot more than a few pretty

pennies. As we approach towards the end of the financial year, most ofus rush to fulfill our tax saving commitments to escape from the taxscissor. It is the form of involuntary savings that usually ends up savingus from the financial problem that may occur at the time of ourretirement. A wise investment done to reduce our tax burden will notonly cut down our tax burden but also give us good returns.

The amount ofpremium paid towards life insurance policy for you and your family iscounted towards section 80 C investments. Deduction is eligible onlyto the extent of 10% of sum assured.

Employer’s PFcontribution is the only contribution that is exempted from tax.Employee’s contribution is made from their salary and is countedtowards section 80C investments.

The amount invested in Public ProvidentFund (PPF) is counted towards section 80 C investments. Minimumamount of contribution in PPF can be INR 500 and maximum of INR150000.

NSC is a post office savingsscheme available at any post offices across the country indenominations of INR 100/ 500/ 1000/ 5000 and 10,000.These areissued for a period of five and ten years. The interest earned on NSC isalso eligible for deduction. Rate of interest is 8.80% compoundedannually.

ULIP is a hybrid instrumentwith benefits of both mutual fund & insurance. ULIPs cover lifeinsurance. A portion of amount invested goes into insurance cover andremaining amount is invested in different asset classes (includingequities). Redemption proceeds, both on account of death and onmaturity, are not subject to tax.

This category of mutual fundallows tax deduction while investing into equities. Capital gain earnedon this is exempt from tax on maturity. It carries a minimum lock-in of3 years.

The EMI that is paid everymonth to repay a housing loan is eligible for tax deduction. Theprincipal component of the EMI qualifies for deduction under section80C while the interest component can save tax under section 24.

Payments made by us for tution fee of ourchildren is covered in this head. Fees paid for maximum two childrenare allowed as deduction.

Tax saving fixed deposits (FDs) ofscheduled banks with tenure of 5 years or more is entitled for deductionunder section 80C. The rate of interest is slightly lower than regularFD’s (~8.5%).

The contribution by a central government employee toany pension scheme notified by the central govt. is eligible fordeduction under section 80CCD. Similarly, investment by any otherindividual towards any annuity plan/ pension fund of an insurancecompany qualifies for deduction under section 80 CCC.

The total amount of deduction under section 80C, 80CCC,80CCD is limited to INR 1.5 lakhs.

NPS is a defined contribution plan that requiresan individual to invest till the age of 60.As per section 80 CCD, 10% ofyour basic salary plus dearness allowance is contributed to NPS. Theinvestment are made under equity or corporate or governmentsecurities fund. The main attraction of NPS is the additional taxdeduction of INR 50,000 that takes the total deduction limit of INR 1.5Lakhs to INR 2.0 Lakhs.

Section 80CCG allows deduction in respect ofinvestment made under an equity savings scheme. This allows retailinvestors with a income of INR 12 Lakhs to invest up to Rs. 50,000 inlisted eligible securities. The investor would get a 50% deduction of theamount invested subject to maximum of Rs. 25,000.The minimumlock in period is 3 years.

: Amount paid towards payment of health insurancepremiums qualifies for tax deduction. The limit is INR 15,000 for theperson less than 60 years of age. For senior citizens above 60 years, themax limit is INR 20000. A further deduction of INR 15000 could beclaimed for buying insurance policy for our parents (INR 30000 if anyof them is a senior citizen).

: This section allows deduction against expensesincurred for treatment of handicapped dependent. The amount ofdeduction would be based on disability. Disability of 40% or more butless than 80% attracts a deduction of INR 50,000 and disability of 80%or more attracts a deduction of INR 1,00,000.

: This section allows deduction against expensesincurred for treatment of specified illness like – Neurological Disease,Parkinson’s disease, and AIDS etc. Assess's spouse, parents, childrenand brothers & sisters are covered under this section. Maximumdeduction allowed is INR 40,000 (INR 60,000 in case of seniorcitizens).

: This section allows deduction against donation made tocertain specified funds & charitable institutions. The deduction arerestricted upto 50%/100% of total contribution. However, themaximum amount eligible for claiming deduction is capped at 10% ofour total income.

Selection of right instruments is essential for harvesting the desiredreturns. Last minute rush can lead to mistakes and we may land up withunwanted LIC policies. A Wiser approach will be to distribute ourinvestments by planning it early.

Premium paid for Life Insurance is tax deductable:

Employees Provident Fund (EPF) contribution:

Public Provident Fund:

National Savings Certificate (NSC):

Unit Linked Insurance Plan (ULIP):

Equity linked saving schemes (ELSS):

Repayment of housing loan (Principal):

Children tution fees:

Fixed Deposit (FD) with banks:

Pension Fund:

Max Limit:

New Pension Scheme:

Section 80CCG:

Section 80 D

Section 80 DD

Section 80 DDB

Section 80G

3

February 2016

Special Review

The Piotroski Score was developed by Joseph Piotroski; a professor inUniversity of Chicago. Piotroski is known in investing world for hispaper on Value Investing: The Use of Historical Financial StatementInformation to separate Winners from Losers. Piotroski believed thatfinancial strength of the company can be evaluated by using financialstatements only. The methodology was first published in 2000. The scoredetermines the financial health of the company having low price to bookvalue ratios using nine accounting based stock selection parameters.

The stocks are rated on a scale of 0 to 9 based on the nine parameters. Forevery parameter, that is met, it is given 1 score and if it does not met, itwill not be given any score. The score are then added up to determine thebest stocks. If it has a score in between 8-9, it is considered best and it isconsidered weak and if it has a score in between 0-2.

The Piotroski considers profitability , leverage and operating efficiency.Piotroski believes that increase in leverage deterioration in liquidity is asignal of unfavorable financial health. He also believes that operatingefficient of the company should be high as compared to previous years,signaling company is using its assets effectively. The Piotroski F-Scorealso talks about profitability aspects of company. Increasing profit aftertax, positive operating cash flow and high return on assets depicts thatcompany operations are profitable.

The first four parameters determine the profitability.

• Positive net income (Profit after tax) in current year, it will be given ascore of 1.

• Positive operating cash flow in the current year, it will be given ascore of 1.

• Higher Return on Assets in current year as compared to previousyear, it will be given a score of 1.

• Cash flow from operation should be greater than Net Income (Profitafter tax); it will be given a score of 1.

Next, three parameters would determine the balance sheet health interms of debt and number of shares outstanding.

• Lower ratio of Long term debt to equity as compared to previousyear.

• High Current Ratio in this year as compared to previous year.• No new shares were issued in the last year.

The last parameter would determine the operating efficiency

• Higher gross margin in this year as compared to previous year.• Higher asset turnover ratio in this year as compared to previous

year.

• If the company has positive net income (Profit after tax) in this yearthen it will be given a score of 1.

• If the return on asset (ROA%) of current year is greater than zero, itwill be given a score of 1.

• If cash flow from operation of current year is greater than previousyear’s cash flow, then it will be given a score 1.

• Lower ratio of Long term debt to equity in current year as comparedto the previous year, then it will be given score of 1.

• Higher current ratio in current year is greater than previous year,then it will be a score of 1.

• Gross margin in the current year is greater than previous year, andthen it will be given a score of 1.

• Asset turnover in the current year is greater than previous year, andthen it will be given a score of 1.

The Piotroski score is not popular among contrarian investors, whooften go against where other are going. Contrarian investors pick thosestocks which are in trough which Piotroski’s F-Score doesn't focus. Italso focus on the improvement, rather than estimating improvementmargins. For instance, the company gross profit margin is 0.1% whichmight be higher than previous year, It will get a score; but it is low. Acompany's debt-to-equity ratio of 43% is huge, but still lower than say,the 46% from last year, effectively earning that company a point.

F- Score is used with other stock screeners. It is probably one of the bestway to find value stocks when used other screeners. Even though it hasdelivered positive results but it does not provide a compressive picture.

Analyzing the F-Score

Profitability

Leverage, liquidity and source of funds

Operating efficiency:

Limitations of Piotroski F- Score

Piotroski Score- Stock Screener for Best Stocks

4

Fixed Income Update Equities Update

Debt: Liquid 1M 3M 6M

Institutional Activity ( Jan 01- Jan 31 ) (Rs cr)

Fund Performance Fund Performance

Equity : Large & Flexi Cap 3M 1Y 3Y

Forex / Call / Economic Indicators

Equity Purchase Sales Net InvDebt Purchase Sales Net Inv

Key Indices 31-Jan 31-Dec Chg. Key Indices 31-Jan 31-Dec %Chg. I Yr Ret

Other 31-Jan 31-Dec %Chg. I Yr RetIndices

Portfolio as on Dec 31, 2015 & Return as on Jan 31, 2016

Crisil 10 Yr G-Sec Index 7.78 7.76 0.02

Crisil 1 Yr T-Bill Index 7.19 7.22 -0.03

31-Jan 31-Dec

Rupee/$ 67.88 66.21

Call Rate 6.66% 6.68%

Total Forex ($ bn) 347.56 352.05

Inflation 5.61% 5.41%

FIIs 20138.61 17825.88 2312.73

Mutual Funds 85677.00 79074.00 6603.00

BSE Sensex 24870.69 26117.54 -4.77% -16.21%

S&P CNX Nifty 7563.55 7946.35 -4.82% -15.51%

BSE IT Index 11165.05 11061.31 0.94% 0.08%

BSE Healthcare 16304.98 16905.20 -3.55% 3.52%

BSE FMCG Index 7438.52 7871.83 -5.50% -10.61%

BSE PSU Index 6234.54 6813.67 -8.50% -25.28%

BSE Bankex 17603.89 19328.74 -8.92% -24.94%

FIIs 70741.71 81868.15 -11126.44

Mutual Funds 24641.90 17939.30 6702.60

SBI Bluechip Fund -4.32 -3.42 17.02

Birla Sun Life Frontline Equity Fund -6.64 -10.83 13.95

Franklin India Bluechip -7.13 -8.20 10.86

Kotak 50 -7.47 -9.96 11.80

Reliance Top 200 Fund -8.62 -13.08 13.94

Debt: Ultra Short Term 1M 3M 6M Equity : Mid & Small Cap 3M 1Y 3Y

Franklin India Ultra Short Bond Fund 7.82 8.51 9.17

HDFC F R I F - STF - WP 6.40 7.05 7.85

ICICI Prudential Flexible Income Plan 6.44 7.11 7.88

Reliance Money Manager Fund 6.05 6.61 7.51

UTI Treasury Advantage Fund 6.62 6.70 7.53

Axis Liquid Fund - Growth 7.64 7.70 7.81

Birla Sun Life Floating Rate Fund - STP 7.66 7.70 7.81

HDFC Liquid Fund 7.71 7.71 7.82

ICICI Prudential Liquid 7.68 7.68 7.80

Kotak Floater - ST 7.70 7.78 7.89

DSP BlackRock Micro Cap Fund -4.96 5.78 32.98

IDFC Premier Equity Fund -4.74 -4.24 19.97

SBI Small & Midcap Fund -1.52 4.87 34.78

Sundaram Select Midcap -5.58 -3.28 24.77

UTI Mid Cap Fund -6.39 -5.01 28.67

Debt: Short Term 1M 3M 6M Equity: Tax Planning 3M 1Y 3Y

Birla Sun Life ST Opportunities Fund 3.24 4.85 7.07

ICICI Prudential STP 4.97 4.40 7.64

Reliance Medium Term Fund 6.15 6.31 7.72

SBI Short Term Debt Fund 5.89 5.74 7.68

UTI Short Term Income Fund 5.30 5.58 8.33

Axis Long Term Equity Fund -5.38 -4.51 25.66

Birla Sun Life Tax Relief 96 -4.68 -6.04 20.08

Franklin India Taxshield -6.67 -7.50 17.42

ICICI Pru LT Equity Tax Saving -5.17 -7.66 17.29

Reliance Tax Saver (ELSS) Fund -7.80 -16.35 19.36

Debt: Income/ Dynamic 1M 3M 6M Equity: Thematic 1M 3M 6M

Hybrid: Equity-oriented 1M 3M 6M

Hybrid: Debt-oriented 1M 3M 6M

Birla Sun Life Dynamic Bond Fund -8.34 -4.23 4.07

DSP BlackRock Strategic Bond Fund 2.29 1.50 7.03

HDFC High Interest Fund -6.93 -5.12 3.66

IDFC Dynamic Bond Fund 3.52 -0.17 6.65

Reliance Dynamic Bond Fund -2.93 -2.32 5.29

Debt: Accrual Funds 1M 3M 6M

Birla Sun Life Medium Term Plan 3.16 4.47 7.97

Franklin India Low Duration Fund 7.29 7.72 9.10

HDFC Corporate Debt Opportunities Fund 5.82 6.71 8.50

ICICI Prudential Income Opportunities Fund 2.60 2.01 7.44

SBI Corporate Bond Fund 6.99 5.93 8.12

Debt: Gilt 1M 3M 6M

Birla Sun Life G Sec Fund - LT -14.42 -9.23 1.80

Franklin India GSF - LTP -11.18 -7.87 2.54

ICICI Prudential Long Term Gilt Fund -13.51 -8.83 2.52

Reliance G Sec Fund -2.50 -2.91 5.51

SBI Magnum Gilt LTP -0.52 -1.97 6.16

Birla Sun Life MNC Fund -6.24 1.06 28.97

Franklin Build India Fund -9.78 -12.97 22.80

Reliance Banking Fund -12.49 -21.85 7.51

SBI Pharma Fund -8.30 11.62 32.63

UTI Transportation and Logistics -9.28 -9.72 34.64

HDFC Balanced Fund -6.07 -5.83 -7.22

ICICI Prudential Balanced Advantage -4.78 -4.53 -5.16

Reliance RSF - Balanced Fund -6.14 -4.46 -5.40

SBI Magnum Balanced Fund -4.72 -3.37 -4.84

Tata Balanced Fund -4.94 -4.27 -7.19

Axis Income Saver Fund -1.22 -0.44 -0.17

Birla Sun Life MIP II - Wealth 25 -2.68 -2.27 -2.32

ICICI Prudential MIP 25 -1.97 -1.97 -0.09

Reliance MIP -1.83 -1.68 -0.69

UTI - MIS - Advantage Fund -0.97 -0.72 0.84

February 2016

*CA : Compound Annualized

Simple Annualized

Simple Annualized

Absolute CA*

Sourc

e :-

ww

w.m

utu

alfu

ndsi

ndia

.com

This Month in Debt :

5

This Month in Equity :

February 2016

7963

7791

7741

7568 7510

7438

7351

7435 7422 7436

7564

7250

7350

7450

7550

7650

7750

7850

7950

8050

01-Jan-16 06-Jan-16 11-Jan-16 16-Jan-16 21-Jan-16 26-Jan-16

Nifty10 Yr GOI Yield

• : The month of Jan'16 started with yield of sovereign bond at 7.73%, itincreased to 7.78% by the end of month. The yield continue to consolidate innarrow range (7.73%-7.78%) with upward bias. curve softened in(<13 Yr) segment by ~8 bps and hardened in (>13 yr) segment by ~8 bps.

have also gone up by 3 to 15 bps for longer maturitiesduring Dec-Jan’2016.

• On ,Amongst yields have softened in Jan’16. Onthe other hand, yields amongst EMEs hardened except South Korea. UK(Advanced Economies) observed the highest inflation in Dec'15. Inflation grew by0.2% in Dec'15. Amongst , IMF cut GDP forecast for Brazil to 3.5%contraction in 2016 and stagnation in 2017 but has kept India growth estimatesunchanged. The South Korean economy grew by 3% on y-o-y basis in fourthquarter of 2015 as compared to 2.7% growth registered in the previous quarter.

• growth have remained weak throughout the year but haverecently shown further improvement in Jan 2016 and stood at 11.30% as against10.70 % in the same period a year ago. Incremental Credit Deposit Ratio (ICDR)has increased from 46.60% (Oct 2015) to 73.12% (Jan 2016) implying growth incredit deployment. Credit growth is expected to increase going ahead as banks arerequired to adopt new method of lending i.e. Marginal Cost of Funds basedLending Rate w.e.f 1April 2016.

• increased to 5.61% in Dec’15 as against 5.41% in Nov’15.Inflation based on WPI, increased too from -1.99% to -0.73% in Dec 2015, mainlyon account of kitchen staples. The inflation is likely to remain high because baseeffect which would gradually vanish. Though inflation is increasing but it is belowthe RBI target zone.

• in banking system remained tight due to continuous intervention tostabilize the currency, capital outflows and slower government spending. Thisshortfall was further aggravated by rise in external volatility this month on the backof FII sell off. The emergency liquidity window was also accessed in recentsessions, along with a regular dose of repo auctions. The Reserve Bank of India alsoconducted tranches of bond purchases through open market operations. Grossly,RBI infused INR 2,550.43 bn and INR 153.43 bn through term repo and OMOroute in Jan'16 to ease liquidity.

• ; During Apr- Jan’2016, Net Central Govt. borrowings stood at INR3,846 bn (i.e. 10.53 % up on y-o-y basis) & Net State Govt. borrowings stood atINR 1,873 bn (i.e. 40.07% up on y-o-y basis). The govt. has set its fiscal deficittarget @ 3.9% of GDP. So far, fiscal deficit stood at 87% of budget estimate duringApril to Dec’2015 vs. 98.9% in the same period a year ago. Some States have evenapproached the Prime Minister office to go slow with the award (Seventh PayCommission) as their borrowings have already increased and the upcomingSeventh Pay Commission will further weigh down their finances.

Currently the new benchmark 10 yr G-Sec yield is at a spread of ~90 bps from theRepo rate. Simultaneously , the inclined shape (normal) of yield curve coupled with asteady growth in credit deployment numbers is a positive signal for the economy.While RBI maintaining its accomodation stance, the future monetary policiesmeasures will be based on Union Budget. In an inflationary environment, the marketis witnessing a normal sloping yield curve which is a harbinger of optimism for theeconomy. The yield on state development loans (SDL) should rise in the near term dueto expected demand supply mismatch from UDAY scheme. State governmentborrowings; which are already high, this coupled with a shortfall in disinvestmentproceeds, burden of Seventh Pay Commission, One Rank One Pension (OROP) andthe conversion of loans into SDL under UDAY scheme would further aggravate fiscaldeficit numbers. Liquidity conditions are likely to remain tight because of lowergovernment spending and increased FX intervention.

In light of the current scenario, we recommend investors to initiate long position induration funds (Gilt/ Dynamic) with tactical investment strategy. Simultaneously longterm investors may also allocate some portion in Accrual funds which may give yieldenhancement and protect them from ongoing volatility.

10 Yr G-sec

G-Sec yieldsWeekly

G-Sec auction cut off’s

global level advanced economies

EMEs

Credit & Deposit

Retail inflation

Liquidity

Fiscal Deficit

Outlook:

• The first month of Jan 2016 ended in negative with dropped by -4.77% and -4.81% respectively. The Indian market witnessed a bout of highvolatility amid capital outflows . In US, Federal Reserve Bank kept the Fed rateunchanged but the ongoing development in China continued to weigh down themarket. Among sectoral indices, Auto(7.95%), Capital goods(12.45%), Oil &Gas (3.11%), Realty (10.07%) ended in red. Many economists are of the view thatthe on-going developments in the markets look similar to what we had witnessedin 2008 at the time of financial crisis.

• Among domestic macros, declined to -3.2% inNovember'15 primarily because of shift in festive dates and Chennai floods.During April-October 2015, the industrial production grew by 3.86% ascompared to 2.52% in the same period a year ago. Amongst broad sectors,manufacturing sector; a key indicator of economic activity degrew by 4.4% on y-o-y basis. On the other hand, mining and electricity grew by 2.3% and 0.7% inNov'15.

• Amongst advanced indicators, Core sector output returned to positive territory inDec'15 after contracting 1.29% in the previous month but was much lower than3.2% growth registered in the same period a year ago. manufacturing for theJan'16 stood at 51.1 as compared to 49.1 in Dec'15. January' PMI numbersdepicts an improvement in operating conditions.

• continue to draw money from equitymarket. This is third straight month in succession; when FII turned out to be netsellers in equity market. FII draw INR 111.26 bn from equity market. On the otherhand, DII invested INR 12.87 bn. (FDI), Indiacontinues to attract FDI to the tune of INR 1066.93 bn during (April-September2015) representing a growth of 21% in this fiscal year. On sectoral front, overseasinvestors were overweight on services sector, which attracted FDI to the tune ofINR 94.04 bn followed by automobile industry which attracted funds to the tuneof INR 93.18 bn.

• ; Exports continue to fall and widens to INR 22.29 bn representinga fall of 9.53% in Dec 2015. The fall in exports is mainly attributed to petroleumproducts and engineering goods. during the year (April-November2015) stood at US$ 99.20 bn as compared to US$ 111.68 bn in the same period ayear ago.

• , has also kept Fed rateunchanged with a mandate to achieve price stability and improve employmentconditions. The federal fund rate is likely to remain, for some time, below levelsthat are expected to prevail in the long run. However, the actual path of the federalfunds rate will depend on the upcoming economic data. The Policy Board of the

decided to introduce "Quantitative and Qualitative MonetaryEasing (QQE) with a Negative Interest Rate" in order to achieve the price stabilitytarget of 2 percent. has witnessed weakest growth in 25 Years, Chineseeconomy expanded by 6.9% in 2015 lower than 7.3% in 2014.

There are some reasons to cheer as share of corporate deposits in the total bankdeposits rose for the first time to 10.1% in FY15. The share of corporate deposits hadbeen falling in the past. It decreased from 14.8% (FY 10) to 9.9% (FY14). Thisshows that Indian companies may have actually generated cash. This may seem aharbinger of an early growth but a strong recovery in terms of corporate earnings isyet to come. The on-going developments in China continues to put an impact onIndian markets. Negative news from China, rout in the commodity markets,geopolitical events and fall in US equity markets have impacted our markets. Fearsabout the stress in the balance sheet of corporate and banking sector, globalenvironment and earnings results may keep our investors tenterhooks. We believethat the market may witness volatility with upward bias till Budget and post that, thepace of policy reforms, and monsoon would determine the market outlook.

Sensex and Nifty

Industrial production (IIP)

PMI

Foreign Institutional Investors (FII)

Foreign direct investment

Trade Deficit

Trade deficit

Globally Federal Open Market Conditions (FOMC)

Bank of Japan

China

Outlook:

6

Mutual Fund Performance Update

Equity : Diversified Fund

Equity : Mid & Small Cap Fund

as onDec 2015

Software Oil Auto Banks Pharma FMCG Absolute Compound Annualized

& Gas (Cr.) 3M 6M 1Y 3Y

Others Corpus


Axis Equity Fund 11.20 2.97 11.12 21.05 7.09 3.61 42.96 1971.28 -5.75 -10.27 -10.74 13.37

Axis Focused 25 Fund 10.44 0.00 12.77 15.95 6.48 0.00 54.36 350.83 -6.08 -11.35 -8.76 10.78

Birla Sun Life Advantage Fund 4.57 0.94 18.11 18.32 14.45 2.30 41.31 710.48 -5.13 -10.22 -6.97 19.90

Birla Sun Life Equity Fund 9.41 0.00 8.41 21.62 10.92 4.66 44.98 2480.62 -8.44 -11.84 -9.97 17.04

Birla Sun Life Long Term Advantage 13.93 0.00 9.11 20.41 6.43 5.83 44.29 283.32 -6.11 -10.89 -9.74 16.81

BNP Paribas Equity Fund 8.58 0.00 7.11 24.14 7.00 4.33 48.84 1190.80 -7.71 -13.60 -10.33 15.13

Canara Robeco Equity Diversified 8.65 0.00 9.27 20.76 6.04 0.00 55.28 756.42 -8.75 -14.91 -13.37 10.15

DSP BlackRock Equity Fund 7.70 0.00 16.32 21.88 4.96 1.25 47.89 2518.61 -7.85 -13.60 -13.97 12.09

DSP BlackRock Focus 25 Fund 8.03 0.00 21.93 24.43 1.79 0.00 43.82 1176.66 -9.22 -13.59 -10.95 12.45

Franklin India Flexi Cap Fund 12.57 2.39 13.13 25.97 8.45 1.89 35.60 2745.38 -7.40 -10.84 -8.10 16.85

Franklin India High Growth Companies 8.72 0.00 16.90 32.71 3.63 0.00 38.04 4086.20 -10.54 -15.43 -12.95 20.80

Franklin India Prima Plus 11.31 0.00 12.02 25.68 8.14 2.28 40.57 6337.11 -6.46 -9.91 -6.65 17.42

Goldman Sachs India Equity Fund 8.45 0.00 7.20 15.85 8.56 5.05 54.89 95.22 -6.78 -12.52 -7.22 18.61

HDFC Capital Builder Fund 10.21 2.35 4.31 22.76 8.73 1.90 49.74 1034.64 -6.77 -9.84 -9.27 16.02

HDFC Equity Fund 14.28 1.84 13.73 29.13 5.01 0.56 35.45 16860.46 -12.40 -17.50 -19.25 9.72

HDFC Top 200 12.95 2.22 9.37 29.38 4.39 3.42 38.27 12487.79 -11.11 -16.23 -18.84 8.25

HSBC India Opportunities Fund 15.86 0.00 10.58 25.48 8.96 4.63 34.49 536.08 -5.93 -12.58 -14.21 15.46

ICICI Prudential Top 100 Fund 13.05 0.00 6.96 16.14 7.35 0.94 55.56 1362.04 -4.18 -6.89 -11.38 11.61

ICICI Prudential Multicap Fund 14.25 3.77 2.58 24.71 5.69 4.10 44.90 1039.38 -9.04 -10.75 -7.58 15.26

Kotak Select Focus Fund 8.49 3.45 10.12 24.14 5.07 4.40 44.33 3948.14 -7.30 -11.32 -10.23 17.33

L&T Equity Fund 8.96 0.00 9.42 21.79 6.92 4.74 48.17 2961.58 -6.94 -12.17 -12.26 13.84

Mirae Asset India Opportunities Fund 9.78 0.55 10.51 24.51 9.43 4.96 40.26 1474.26 -7.08 -11.57 -9.17 16.58

Motilal Oswal MOSt Focused 25 Fund 14.71 0.00 12.62 21.71 3.73 0.00 47.23 381.82 -6.87 -13.29 -10.05 0.00

Motilal Oswal MOSt Focused 25 Fund 14.71 0.00 12.62 21.71 3.73 0.00 47.23 381.82 -6.87 -13.29 -10.05 0.00

Principal Growth Fund 12.18 1.38 9.55 14.29 7.95 1.66 52.99 367.80 -8.19 -12.63 -11.64 14.53

Reliance Equity Opportunities Fund 9.25 0.00 3.36 21.13 11.34 0.00 54.92 11651.09 -9.47 -12.85 -13.10 15.11

Reliance Growth 7.87 0.00 1.89 16.21 12.34 0.00 61.69 5473.60 -7.19 -13.86 -10.62 14.06

Reliance RSF - Equity 8.08 0.00 6.70 13.38 9.09 0.00 62.75 2822.93 -8.72 -13.55 -8.46 13.65

Reliance Vision 11.90 0.00 16.84 23.01 5.78 3.72 38.75 3233.25 -9.11 -14.30 -15.15 12.90

Religare Invesco Growth Fund 16.31 0.00 11.30 20.60 5.92 4.29 41.58 147.80 -6.48 -12.32 -9.33 14.91

SBI Magnum Equity Fund 19.01 0.00 9.29 29.77 6.20 2.81 32.92 1281.01 -6.24 -9.17 -9.43 12.24

SBI Magnum Global Fund 94 2.41 0.00 11.26 0.00 2.19 3.87 80.27 2473.90 -6.50 -9.09 -4.55 22.27

SBI Magnum Multi Cap Fund 10.51 1.01 7.40 17.56 7.85 3.46 52.21 605.39 -3.93 -7.93 -2.40 18.56

SBI Magnum Multiplier Fund 8.74 1.84 8.62 12.67 11.27 1.08 55.78 1477.20 -4.95 -10.03 -4.50 19.29

Tata Equity Opportunities Fund 7.16 0.00 9.90 15.26 11.05 1.26 55.37 1129.91 -5.79 -9.54 -7.19 16.56

Tata Ethical Fund 16.69 0.00 17.40 0.00 12.58 10.89 42.44 413.64 -7.20 -9.26 -4.36 17.78

Union KBC Equity Fund 14.85 0.00 12.61 21.68 8.15 3.59 39.12 140.79 -7.77 -14.80 -18.00 7.90

UTI Equity Fund 10.94 0.32 14.30 19.74 7.37 2.43 44.90 4721.56 -7.42 -11.20 -10.78 13.86

UTI Mastershare 13.89 1.37 9.97 23.49 8.18 2.10 41.00 2957.36 -7.97 -13.03 -13.25 11.74

UTI Opportunities Fund 13.89 0.00 15.28 22.35 6.76 2.72 39.00 5010.68 -9.55 -14.28 -18.52 9.37

Axis Midcap Fund 6.57 2.63 6.08 5.23 13.65 4.10 61.74 1262.90 -6.76 -14.06 -6.98 20.57

BNP Paribas Mid Cap Fund 2.16 0.00 3.69 9.14 8.48 2.07 74.46 496.79 -6.29 -12.49 -3.12 23.57

Canara Robeco Emerging Equities 2.82 1.32 4.77 6.65 7.14 0.00 77.30 911.17 -6.71 -10.74 -2.38 28.63

DSP BlackRock Micro Cap Fund 6.03 0.00 6.08 2.85 7.22 0.00 77.82 2413.43 -4.96 -5.55 5.78 32.98

Franklin India Prima Fund 7.06 1.55 9.82 17.53 6.44 0.00 57.60 3908.21 -4.68 -8.19 -4.68 24.58

HDFC Mid-Cap Opportunities Fund 8.10 1.13 5.62 12.98 10.34 0.00 61.83 10915.09 -5.89 -9.43 -5.28 23.95

ICICI Prudential MidCap Fund 4.58 7.54 4.49 15.05 3.15 0.00 65.19 1303.35 -7.44 -14.53 -11.51 23.81

IDFC Premier Equity Fund 0.00 0.71 7.25 0.00 4.81 1.43 85.80 6380.49 -4.74 -11.15 -4.24 19.97

JPMorgan India Mid and Small Cap 1.02 0.00 8.12 7.17 8.42 0.99 74.28 676.76 -6.08 -11.40 -3.67 26.25

Mirae Asset Emerging Bluechip 7.17 2.82 9.42 12.31 12.43 2.54 53.31 1190.45 -5.17 -7.60 0.30 28.55

Principal Emerging Bluechip Fund 3.17 0.00 14.49 11.56 10.67 0.00 60.11 522.94 -7.08 -12.21 -7.10 22.73

Reliance Mid & Small Cap Fund 2.85 0.00 0.93 7.14 7.54 0.00 81.54 2318.04 -6.53 -10.19 -6.89 23.84

Reliance Small Cap Fund 2.77 0.00 5.64 5.60 6.25 0.00 79.74 2017.12 -6.32 -4.17 -0.52 34.36

SBI Magnum Midcap Fund 3.73 2.44 2.23 2.06 15.32 1.31 72.91 1471.04 -3.08 -7.35 4.10 28.28

Sundaram Select Midcap 3.25 3.72 11.03 10.01 2.15 1.68 68.16 3430.27 -5.58 -10.60 -3.28 24.77

UTI Mid Cap Fund 2.14 2.92 13.04 8.55 6.76 3.60 62.99 3394.78 -6.39 -10.45 -5.01 28.67

Return(%)

February 2016

Sourc

e :-

ww

w.m

utu

alfu

ndsi

ndia

.com

7



February 2016

Equity : Large Cap Funds

Birla Sun Life Frontline Equity Fund 11.79 0.00 8.89 23.55 7.38 5.39 43.00 10489.88 -6.64 -11.11 -10.83 13.95

Birla Sun Life Top 100 Fund 13.29 0.96 8.98 22.90 8.58 3.89 41.40 1822.08 -7.05 -11.12 -10.85 14.86

DSP BlackRock Top 100 Equity Fund 10.24 0.00 17.94 25.17 4.27 1.67 40.71 3483.99 -8.13 -14.08 -16.15 8.03

Franklin India Bluechip 16.04 0.41 10.11 27.70 6.26 3.40 36.08 6678.17 -7.13 -10.70 -8.20 10.86

ICICI Prudential Focused Bluechip Equity 15.26 0.00 8.23 28.00 8.23 3.48 36.80 9981.34 -7.29 -11.58 -12.00 12.50

ICICI Prudential Select Large Cap 11.47 0.00 6.80 30.20 4.74 2.86 43.93 574.02 -8.10 -12.72 -17.04 9.55

IDBI India Top 100 Equity Fund 5.28 0.00 19.97 11.79 6.52 6.93 49.51 293.40 -7.59 -13.25 -10.61 13.93

Reliance Focused Large Cap Fund 10.27 0.00 8.78 18.39 6.82 0.00 55.74 1061.63 -11.43 -14.97 -13.17 11.34

Reliance Top 200 Fund 10.18 3.50 10.56 22.43 5.14 0.00 48.19 2045.47 -8.62 -13.50 -13.08 13.94

SBI Bluechip Fund 7.50 0.00 10.05 14.71 11.85 2.82 53.07 3624.37 -4.32 -7.95 -3.42 17.02

Tata Pure Equity Fund 11.04 0.00 11.48 20.01 9.23 4.90 43.34 825.71 -6.94 -12.11 -10.49 11.40

UTI Mastershare Fund 13.89 1.37 9.97 23.49 8.18 2.10 41.00 2957.36 -7.97 -13.03 -13.25 11.74

Equity : Index Funds

Birla Sun Life Index Fund 12.10 0.32 7.42 25.01 5.39 6.39 43.37 582.98 -7.39 -12.56 -14.87 7.68

Franklin India Index Fund - NSE Nifty Plan 16.48 0.44 9.78 23.31 6.85 8.73 34.41 214.07 -7.56 -12.65 -14.76 7.71

Goldman Sachs CNX 500 Fund 12.36 0.93 8.98 17.60 8.14 7.90 44.09 62.39 -7.55 -12.27 -13.16 8.94

HDFC Index Fund - Nifty Plan 16.10 0.45 9.83 23.70 7.25 8.63 34.04 147.63 -7.42 -12.35 -14.32 8.35

HDFC Index Fund - Sensex Plan 16.09 0.00 11.05 21.51 8.67 10.37 32.31 88.53 -7.50 -12.23 -14.51 8.46

HDFC Index Fund - Sensex Plus Plan 14.16 0.00 9.73 20.87 7.65 9.13 38.46 120.99 -7.67 -13.47 -15.72 8.10

ICICI Prudential Index Fund 15.36 0.41 9.28 22.63 6.87 8.17 37.28 143.89 -7.49 -12.52 -14.74 8.38

ICICI Prudential Nifty Junior Index Fund 1.45 2.71 11.34 2.77 10.47 11.53 59.73 30.85 -8.26 -12.67 -8.61 13.63

IDBI Nifty Index Fund 16.23 0.43 9.86 23.96 7.26 8.64 33.62 109.82 -7.78 -12.96 -15.56 7.24

IDBI Nifty Junior Index Fund 1.43 2.64 11.10 2.68 10.23 11.33 60.59 33.29 -8.59 -13.16 -8.94 12.92

IDFC Nifty Fund - Reg 15.86 0.42 9.60 23.32 7.08 8.43 35.29 62.71 -7.30 -12.35 -14.64 8.33

Reliance Index Fund - Nifty Plan 16.28 0.43 9.87 23.94 7.27 8.65 33.56 68.44 -7.62 -12.74 -15.15 7.82

SBI Nifty Index Fund 15.36 0.42 9.32 23.54 6.87 8.17 36.32 146.76 -7.58 -12.69 -15.25 7.05

UTI Nifty Fund 16.21 0.43 9.83 23.84 7.23 8.61 33.85 295.59 -7.33 -12.22 -14.48 8.01

Software Oil Auto Banks Pharma FMCG Corpus Absolute Compound Annualized

& Gas (Cr.) 3M 6M 1Y 3Y

Others

Equity : Tax Saving Fundsas on

Dec 2015

Axis Long Term Equity Fund 11.15 2.04 12.63 14.97 11.70 0.00 47.51 6866.63 -5.38 -7.33 -4.51 25.66

Birla Sun Life Tax Plan 6.15 0.00 16.14 15.01 8.24 3.91 50.55 298.99 -4.63 -8.85 -6.57 19.22

Birla Sun Life Tax Relief 96 6.28 0.00 16.48 15.33 8.48 4.03 49.40 2010.05 -4.68 -8.80 -6.04 20.08

BNP Paribas Long Term Equity Fund 8.16 0.00 6.25 22.75 6.37 1.72 54.75 422.01 -6.96 -13.36 -8.46 17.09

Canara Robeco Equity Taxsaver 7.55 0.00 7.00 22.73 6.90 0.00 55.82 835.27 -7.10 -12.66 -12.58 12.26

DSP BlackRock Tax Saver Fund 9.68 0.29 13.25 21.49 9.71 0.83 44.75 1112.45 -5.89 -10.49 -7.30 16.49

Franklin India Taxshield 10.09 0.00 12.25 26.78 8.39 2.21 40.28 1867.65 -6.67 -10.41 -7.50 17.42

HDFC Long Term Advantage Fund 12.47 0.00 11.28 18.03 2.14 3.20 52.88 1125.81 -6.35 -11.85 -11.66 12.56

HDFC Taxsaver 11.67 1.20 7.66 25.40 4.07 3.43 46.57 4793.16 -10.69 -16.02 -18.58 11.16

ICICI Prudential LT Equity (Tax Saving) 16.19 0.00 4.61 13.51 13.94 0.00 51.75 2885.39 -5.17 -7.29 -7.66 17.29

IDBI Equity Advantage Fund - Reg 0.00 0.00 23.09 5.28 3.00 6.99 61.64 388.35 -8.66 -11.33 -8.66 0.00

L&T Tax Advantage Fund 9.73 0.00 5.80 20.31 5.67 4.44 54.05 1536.62 -6.91 -12.57 -9.59 13.63

Reliance Tax Saver (ELSS) Fund 4.26 0.95 15.38 15.38 5.46 4.50 54.07 4605.21 -7.80 -12.92 -16.35 19.36

Religare Invesco Tax Plan 13.52 0.00 10.33 17.82 9.00 0.00 49.33 257.71 -6.06 -10.81 -6.65 18.31

SBI Magnum Tax Gain Scheme 93 10.48 2.88 9.56 17.84 8.38 0.84 50.02 4698.96 -9.13 -13.59 -12.26 14.96

Return(%)

Compound Annualized

Equity : Dividend Yield Funds

Birla Sun Life Dividend Yield Plus 11.64 0.91 6.78 16.03 8.13 5.10 51.41 1107.64 -9.00 -13.36 -14.87 10.06

BNP Paribas Dividend Yield Fund 6.80 0.00 2.73 21.56 6.88 6.20 55.83 184.74 -7.48 -13.82 -8.28 14.61

Principal Dividend Yield Fund 5.23 0.00 19.43 17.73 1.28 11.92 44.41 108.84 -8.93 -14.52 -14.54 6.52

Tata Dividend Yield Fund - Reg 22.14 0.00 8.53 17.62 11.30 7.25 33.16 304.84 -5.85 -9.05 -6.40 13.40

UTI Dividend Yield Fund 18.96 0.28 3.34 22.15 2.51 5.61 47.15 2768.32 -8.07 -12.70 -14.84 7.32

So

urc

e :-

ww

w.m

utu

alfu

nd

sin

dia

.co

m

8


Equity : Balanced Fundsas on

Dec 2015Return(%)

Software Oil Auto Banks Pharma FMCG Others

& Gas (Cr.) 3M 6M 1Y 3Y

Absolute Compound AnnualizedCorpus


Birla Sun Life Balanced 95 6.42 0.87 5.17 15.87 6.54 2.01 63.12 2301.38 -3.98 -6.26 -5.52 15.30

Canara Robeco Balance 2.95 1.06 3.43 11.93 4.86 1.59 74.18 459.91 -6.39 -9.36 -6.33 14.13

DSP BlackRock Balanced Fund 6.11 1.54 8.55 21.03 9.32 0.00 53.45 978.11 -5.73 -8.65 -3.93 12.89

HDFC Balanced Fund 9.13 0.00 5.72 16.80 7.04 1.55 59.76 4910.52 -5.83 -7.22 -5.91 16.90

HDFC Prudence Fund 9.18 0.42 7.31 20.30 2.99 0.84 58.96 8484.91 -8.46 -11.02 -11.84 12.39

ICICI Prudential Balanced 11.42 2.63 6.49 16.85 8.38 3.73 50.50 2568.53 -5.75 -8.19 -6.67 15.02

ICICI Prudential Balanced Advantage 11.01 0.00 5.83 13.43 5.01 3.34 61.38 10579.94 -4.53 -5.16 -0.40 13.13

Reliance RSF - Balanced 5.76 0.00 11.69 19.35 9.67 0.00 53.53 1835.22 -4.46 -5.40 -4.52 14.78

SBI Magnum Balanced Fund 12.49 1.88 6.77 12.92 4.17 3.12 58.65 3242.22 -3.37 -4.84 -3.74 17.06

Tata Balanced Fund - Reg 7.17 0.00 4.60 11.81 8.04 2.64 65.74 5380.63 -4.27 -7.19 -4.18 17.97

UTI Balanced Fund 11.68 2.59 7.30 16.58 4.73 1.92 55.20 1311.41 -6.27 -8.03 -7.37 10.61


February 2016

Equity : ETF FundsGS Bank BeES 0.00 0.00 0.00 99.95 0.00 0.00 0.05 658.56 -13.22 -19.52 -23.73 6.91

GS Hang Seng BeES 0.00 3.21 0.00 18.93 0.00 0.81 77.05 6.70 -10.28 -15.68 -10.64 4.07

GS Nifty BeES 16.27 0.43 9.87 23.92 7.27 8.64 33.60 820.14 -7.43 -12.38 -14.46 8.59

ICICI Prudential CNX 100 ETF 13.52 0.79 9.84 20.03 7.62 8.92 39.28 25.98 -7.41 -12.13 -13.12 0.00

ICICI Prudential Nifty ETF 16.23 0.43 9.77 23.92 7.25 8.64 33.76 302.29 -7.30 -12.16 -14.12 0.00

Kotak Nifty ETF 16.27 0.43 9.87 23.94 7.27 8.65 33.57 201.97 -7.34 -12.21 -14.18 8.70

MOSt Shares M100 4.64 4.15 7.62 3.80 14.42 5.07 60.30 58.36 -6.58 -9.89 -6.31 14.61

MOSt Shares NASDAQ 100 34.01 0.00 1.38 0.00 14.22 0.00 50.39 77.02 -4.19 -1.31 12.92 25.88

R*Shares Banking ETF 0.00 0.00 0.00 99.95 0.00 0.00 0.05 310.96 -13.15 -19.40 -23.52 7.30

R*Shares CNX 100 ETF 13.56 0.79 9.93 20.03 7.63 8.94 39.12 6.48 -7.54 -12.50 -13.87 0.00

R*Shares Nifty ETF 16.20 0.43 9.82 23.81 7.23 8.61 33.90 27.52 -7.31 -12.09 -14.00 0.00

SBI ETF Sensex 16.16 0.00 11.11 21.76 8.71 10.43 31.83 991.55 -7.58 -12.33 -13.86 0.00

Equity : Arbitrage FundsBirla Sun Life Enhanced Arbitrage 0.50 0.57 5.12 31.90 8.77 3.60 49.54 1151.60 1.19 2.82 7.12 8.23

DWS Equity Income Fund 3.00 0.00 2.68 13.29 0.00 6.18 74.85 36.59 0.13 0.55 6.91 10.11

HDFC Arbitrage Fund - Ret 1.48 0.47 1.25 34.30 14.71 3.39 44.40 2693.45 1.40 3.17 7.17 7.65

ICICI Prudential Blended - Option A 3.89 0.25 0.00 33.99 3.54 0.00 58.33 419.37 1.34 2.92 7.11 8.28

ICICI Prudential Equity - Arbitrage 6.15 0.21 4.36 19.96 16.98 2.41 49.93 3511.57 1.46 2.96 7.25 8.43

IDFC Arbitrage Fund - Reg -0.01 0.00 -0.02 24.67 -0.05 -0.01 75.42 3014.22 1.42 3.04 7.12 8.23

IDFC Arbitrage Plus Fund - Reg 0.00 0.00 -0.02 10.96 -0.04 -0.01 89.11 818.62 1.05 2.90 6.01 7.65

JM Arbitrage Advantage Fund - Reg 2.47 1.32 2.75 36.71 8.09 2.03 46.63 3709.54 1.38 2.95 6.96 8.09

Kotak Equity Arbitrage Fund - Reg 1.25 1.71 5.14 22.99 8.70 0.89 59.32 4631.10 1.50 3.10 7.30 8.41

Reliance Arbitrage Advantage 2.89 0.06 3.37 26.43 11.05 1.97 54.23 3373.91 1.38 3.01 7.68 8.32

Religare Invesco Arbitrage 0.00 -0.01 0.00 22.87 -0.03 0.00 77.17 566.97 1.43 3.13 7.43 7.81

SBI Arbitrage Opportunities 4.45 0.24 4.66 35.72 12.66 2.98 39.29 1420.70 1.26 2.75 6.94 8.19

UTI Spread Fund - Growth 0.05 0.56 1.14 27.44 11.90 0.05 58.86 531.52 1.41 3.06 7.24 7.69

Birla Sun Life India GenNext 0.00 0.00 13.02 20.84 7.69 16.19 42.26 304.67 -5.27 -10.02 -6.29 16.73

Birla Sun Life MNC Fund 0.60 0.00 18.89 5.07 13.23 12.79 49.42 2981.91 -6.24 -10.73 1.06 28.97

Franklin Build India Fund 0.00 0.00 14.61 34.12 2.69 0.00 48.58 570.43 -9.78 -15.84 -12.97 22.80

ICICI Pru Exports & other Services Fund 27.73 0.00 3.57 0.00 39.61 0.00 29.09 820.22 -4.40 -3.75 7.74 33.03

L&T India Special Situations Fund 14.09 0.00 6.79 19.29 4.14 4.35 51.34 973.39 -6.99 -12.59 -11.36 14.23

Reliance Pharma Fund 0.00 0.00 0.00 0.00 95.06 0.00 4.94 1568.10 -9.85 -1.01 7.54 27.65

SBI Pharma Fund 0.00 0.00 0.00 0.00 90.48 0.00 9.52 958.37 -8.30 -1.68 11.62 32.63

UTI MNC Fund 5.51 0.00 18.51 1.43 7.52 16.19 50.84 1806.28 -9.43 -12.24 -3.20 24.68

UTI Transportation & Logistics Fund 0.00 0.00 66.81 0.42 0.00 0.00 32.77 657.40 -9.28 -13.15 -9.72 34.64

Equity : Thematic FundsS

ourc

e :-

ww

w.m

utu

alfu

ndsi

ndia

.com


9

Debt : MIP Fundsas on

Dec 2015Return(%)

AAA & AA & Sov. AA+ & Others Cash Equity Avg. Exp. Simple Annualized CA*

A1 Plus A1 A2 (Cr.) Maturity 1M 3M 6M 1Y

Corpus


Axis Income Saver Fund 49.64 18.02 0.00 1.94 29.18 1.22 29.18 687.56 1.00 2.13 -14.33 -1.76 -0.34 3.27

Birla Sun Life MIP II - Savings 5 14.45 9.62 62.69 0.00 9.95 3.29 9.83 249.38 6.49 1.38 -12.32 -2.03 2.72 3.59

Birla Sun Life MIP II - Wealth 25 0.48 1.59 61.80 0.94 31.50 3.69 29.60 1066.61 7.55 2.35 -31.50 -9.00 -4.59 0.13

Birla Sun Life Monthly Income 15.15 12.79 51.88 0.00 15.07 5.11 15.02 256.27 5.82 2.52 -14.76 -2.26 1.18 2.77

BNP Paribas MIP 19.79 8.41 39.67 0.00 22.25 9.88 19.37 179.37 4.17 2.45 -20.07 -5.73 -2.19 0.06

Canara Robeco Monthly Income Plan 13.46 8.14 44.33 0.00 24.18 9.89 22.81 292.70 6.60 2.59 -33.17 -11.66 -5.13 0.00

DSP BlackRock MIP Fund 22.48 23.13 28.42 0.00 22.13 3.84 22.13 412.00 4.07 2.73 -23.19 -7.38 -1.99 0.62

Franklin India MIP 8.91 23.81 43.91 0.00 19.74 3.63 19.74 430.38 6.62 2.26 -15.35 -6.21 -1.34 1.34

HDFC MIP - LTP 9.52 19.09 44.59 0.00 24.47 2.33 24.46 3747.94 6.51 2.02 -34.95 -12.69 -5.15 -1.68

HDFC MIP - STP 26.43 8.97 36.22 6.81 17.44 4.13 17.44 300.44 3.78 2.44 -27.60 -5.76 -3.07 0.08

HDFC Multiple Yield Fund - Plan 2005 40.87 28.46 0.00 0.00 19.51 11.16 19.52 177.08 0.53 1.94 -15.64 0.28 1.04 2.57

HSBC MIP - Savings Plan 23.80 0.00 45.17 0.00 24.02 7.01 24.03 221.46 5.80 2.31 -23.52 -8.37 -2.24 -0.92

ICICI Prudential MIP - Cumulative 11.59 27.04 40.67 4.11 12.48 4.11 12.48 353.54 4.67 2.30 -15.15 -5.82 0.49 1.47

ICICI Prudential MIP 25 4.35 8.96 55.94 3.80 24.07 2.88 24.07 1276.55 5.48 2.02 -23.15 -7.83 -0.18 1.71

IDFC Monthly Income Plan 4.19 2.60 64.46 0.00 24.13 4.62 24.14 262.89 4.17 2.30 -20.29 -3.06 -0.58 2.55

Kotak Monthly Income Plan 0.08 0.00 50.88 1.71 29.28 18.05 19.84 120.55 4.39 2.40 -22.11 -7.18 0.17 1.33

Reliance MIP 15.60 21.99 39.30 0.00 20.09 3.02 20.09 2592.38 6.54 1.81 -21.60 -6.67 -1.37 0.43

SBI Magnum MIP 6.94 7.63 50.31 19.57 14.02 1.53 14.02 327.48 4.04 2.28 -6.61 0.46 3.52 4.85

UTI - MIS - Advantage Fund - Growth 18.68 9.44 38.31 0.00 23.79 9.78 23.78 646.74 0.00 2.24 -11.41 -2.87 1.68 3.14

UTI Monthly Income Scheme 26.70 15.83 30.39 0.00 13.98 13.10 13.97 265.75 0.00 2.22 -9.87 -2.63 1.04 2.62

February 2016


Return(%)Debt: Short-term Fundsas on

Dec 2015

Birla Sun Life Medium Term 8.44 29.10 27.44 22.10 10.05 2.87 4786.48 3.55 1.64 -2.12 3.11 4.40 7.82 8.67

Birla Sun Life Short Term Fund 44.09 9.55 39.37 0.00 0.01 6.98 9215.51 2.01 0.32 5.03 6.78 6.70 8.23 8.24

Birla Sun Life Treasury Optimizer Plan 30.86 14.46 51.22 0.00 0.00 3.46 4748.00 4.06 0.60 -0.23 4.01 4.58 7.73 7.42

DSP BlackRock Income Opportunities 37.19 19.43 0.00 31.56 8.64 3.18 2105.58 2.22 1.80 4.58 5.54 6.69 8.36 8.66

Franklin India STIP 4.16 26.33 0.00 54.27 12.79 2.45 10051.62 2.14 1.56 4.44 4.04 5.31 7.29 7.94

HDFC HIF - S T P 26.71 35.65 32.51 0.96 0.00 4.17 1846.16 3.47 1.05 -0.53 3.25 3.53 6.47 6.35

HDFC Short Term Opportunities Fund 62.77 19.24 16.65 0.00 -0.01 1.35 5782.19 1.53 0.33 4.46 6.04 6.00 7.54 8.07

HDFC Short Term Plan 9.04 35.99 0.04 35.71 14.74 4.48 2264.55 1.68 1.07 5.17 7.34 7.01 8.47 8.87

ICICI Pru Banking & PSU Debt Fund 62.60 1.29 26.25 0.00 0.00 9.86 3527.57 3.17 0.37 0.25 4.32 4.25 7.93 7.76

ICICI Pru STP 36.41 24.08 34.73 0.00 0.01 4.77 5229.83 3.17 0.95 -0.42 4.85 4.33 7.50 7.12

IDFC SSIF - Short Term 85.85 10.03 0.00 0.00 0.00 4.12 4037.98 1.85 0.83 3.74 6.53 5.63 7.32 7.63

IDFC SSIF - MTP 65.54 2.41 29.56 0.00 0.00 2.49 3615.70 3.04 1.20 1.97 6.04 5.00 7.28 6.99

Reliance Medium Term Fund 59.65 36.16 0.00 3.02 0.00 1.17 5915.76 0.90 0.65 3.90 5.98 6.17 7.58 8.40

Reliance Short Term Fund 51.49 19.12 20.29 0.32 0.01 8.77 8730.02 2.25 1.05 3.21 5.87 5.44 7.44 7.32

SBI Short Term Debt Fund 52.60 22.33 18.36 0.00 2.03 4.68 4079.64 1.98 0.74 3.97 5.74 5.62 7.54 7.45

Tata Short Term Bond Fund 55.62 14.79 26.83 0.00 0.01 2.75 4520.82 0.00 1.11 3.34 5.27 5.20 7.33 7.46

Taurus Short Term Income Fund 98.98 0.00 0.40 0.00 0.00 0.62 249.34 0.14 1.05 8.17 8.03 8.05 8.28 8.81

UTI Short Term Income Fund - Ret 30.84 28.52 16.91 2.06 0.35 21.32 5356.00 2.28 0.77 0.19 4.74 5.03 7.71 7.29

AAA P1+ Sov. A & AA Others Cash Avg. Exp. Simple Annualized CA*

AA- (Cr.) Maturity 7D 1M 3M 6M 1Y

Corpus

Debt: Income Funds

ICICI Prudential LTP 2.91 0.00 89.53 0.00 0.00 7.56 861.90 8.54 0.97 -24.37 -9.03 -6.15 3.78 2.46

IDFC D B F (Re-Launched) 0.00 0.00 98.69 0.00 0.00 1.31 5625.11 5.80 1.65 0.94 3.47 -0.17 6.55 3.69

DWS Medium Term Income Fund 57.33 0.00 34.65 0.00 -0.01 8.03 799.39 4.09 1.03 2.15 5.18 3.84 7.73 6.97

DSP BlackRock Strategic Bond Fund 17.22 0.68 72.28 0.00 0.00 9.82 2933.57 5.84 1.10 -2.21 2.27 1.50 6.91 4.54

Reliance Corporate Bond Fund 19.68 55.38 0.00 17.47 2.21 5.26 1191.80 3.04 1.68 1.41 5.53 6.38 7.44 7.94

IDFC SSIF - Invt Plan 2.22 0.00 96.53 0.00 0.00 1.25 2259.80 5.80 1.83 0.35 3.29 -0.39 6.37 3.51

HDFC Corporate Debt Opportunities 16.05 29.14 0.00 43.01 8.12 3.68 5759.95 2.33 1.85 2.73 5.67 6.55 8.32 7.92

Birla Sun Life Income Plus 2.06 0.00 95.73 0.00 -0.01 2.22 3975.08 9.49 1.86 -28.97 -13.09 -8.63 1.81 1.10

DSP BlackRock Strategic Bond Fund 17.22 0.68 72.28 0.00 0.00 9.82 2933.57 5.84 1.10 -2.21 2.27 1.50 6.91 4.54

DWS Banking & PSU Debt Fund 76.76 0.00 21.69 0.00 0.01 1.54 1419.17 2.06 0.77 1.25 5.26 5.26 7.34 7.79

ICICI Prudential Income Opportunities 94.03 0.00 1.64 0.00 0.01 4.32 3027.91 4.41 0.69 -3.02 2.57 1.99 7.31 6.54 So

urc

e :-

ww

w.m

utu

alfu

nd

sin

dia

.co

m

10


Debt: Ultra Short-term Funds

Debt: Liquid Funds

as onDec 2015

Return %

AAA & AA & Sov. AA+& Others Cash Modified Exp. Simple Annualized CA*

A1 Plus A1 A2 (Cr.) Duration 7D 1M 3M 6M 1Y

Corpus


Axis Treasury Advantage Fund - Growth 78.31 17.91 3.01 2.94 0.00 -2.17 1637.25 0.36 0.70 5.67 6.43 6.86 7.74 8.38

Baroda Pioneer Treasury Advantage A 55.88 43.84 0.00 8.98 0.00 -8.70 1309.92 0.86 0.80 6.19 6.82 6.95 7.92 8.81

Birla Sun Life Cash Manager 52.49 38.91 4.05 1.71 0.00 2.84 6297.38 0.59 0.64 5.67 5.90 6.20 7.04 7.82

Birla Sun Life Floating Rate LTP 34.79 25.68 30.98 0.00 0.00 8.55 1343.66 0.66 0.35 7.50 5.32 6.97 7.90 8.57

Birla Sun Life Savings Fund 66.94 18.26 13.53 2.31 -0.01 -1.03 10800.92 0.71 0.27 6.01 6.32 7.00 7.74 8.64

DSP BlackRock Money Manager 61.86 23.92 11.97 0.00 0.00 2.25 2019.92 0.33 1.00 4.75 5.09 6.00 6.77 7.64

DWS Cash Opportunities Fund 34.12 30.29 0.00 33.53 0.00 2.06 678.31 0.54 1.19 6.43 7.07 7.88 8.51 9.06

DWS Treasury Fund - Investment 98.66 0.00 0.00 0.00 0.00 1.34 891.23 0.50 0.49 5.37 6.14 6.44 7.29 8.08

DWS Ultra Short-Term Fund 70.57 18.95 0.00 0.00 0.00 10.48 2271.39 0.39 0.47 7.09 7.25 7.47 7.92 8.74

Franklin India Low Duration Fund 26.23 23.16 0.00 43.90 5.52 1.19 2268.13 0.94 0.78 6.59 7.05 7.51 8.90 9.36

Franklin India Ultra Short Bond Retail 27.19 41.42 0.00 27.20 0.79 3.40 4603.26 0.55 0.86 6.17 6.98 7.68 8.38 8.89

HDFC Cash Mgmt - Treasury Advantage 52.94 35.90 6.28 1.62 0.52 2.74 8538.25 0.93 1.36 4.26 5.31 5.82 6.60 7.39

HDFC F R I F - STF - Growth 75.72 18.90 2.50 1.80 0.00 1.08 8601.90 0.62 0.18 4.90 6.02 6.67 7.50 8.32

HDFC F R I F - STF - Growth 75.72 18.90 2.50 1.80 0.00 1.08 8601.90 0.62 0.18 4.90 6.02 6.67 7.50 8.32

ICICI Prudential FIP Reg - Growth 76.04 19.62 5.19 0.00 0.00 -0.85 15229.42 0.68 0.14 5.54 6.25 6.93 7.74 8.55

ICICI Prudential Savings Fund - Growth 41.78 30.98 16.14 5.05 6.43 -0.38 3496.15 0.72 1.17 5.89 6.67 6.35 7.37 7.82

ICICI Prudential Ultra ST Plan 78.29 12.54 7.27 0.00 0.00 1.90 5182.82 1.67 0.20 4.49 6.26 6.31 7.64 8.46

IDFC Money Manager - Invt Plan 89.26 6.11 0.00 0.00 0.00 4.63 1632.62 1.84 0.46 4.56 6.22 5.23 7.45 8.47

IDFC Money Manager - Treasury Plan 81.94 15.23 0.00 0.00 0.01 2.82 1802.63 0.68 0.95 4.74 5.37 5.82 6.81 8.07

IDFC Ultra Short Term Fund 70.92 26.66 0.00 0.00 0.01 2.41 3003.69 0.55 0.40 5.69 6.01 6.47 7.44 8.43

JM Money Manager Fund - Super Plus Plan 70.07 9.47 1.32 0.00 0.00 19.14 751.06 0.00 0.50 6.36 6.72 6.92 7.39 8.18

JPMorgan India Treasury Fund - Ret 81.17 0.00 9.01 0.00 0.00 9.82 615.23 0.27 0.00 6.17 7.03 7.17 -10.66 -1.54

Kotak Treasury Advantage Fund 84.03 10.92 3.07 0.00 0.00 1.98 4168.83 0.49 0.73 5.18 5.46 6.57 7.41 8.32

L&T Ultra Short Term Fund 64.38 16.59 16.80 0.00 0.00 2.23 1550.57 0.37 0.53 6.48 6.33 7.09 7.61 8.22

LIC Nomura MF Savings Plus Fund 51.15 45.66 0.00 0.00 0.87 2.32 899.31 0.00 1.00 4.39 6.06 6.32 7.11 7.35

Principal Debt Opportunities Conservative 69.57 21.59 3.75 3.70 0.00 1.39 395.50 0.65 1.10 5.13 6.28 6.71 7.38 8.01

Reliance Money Manager Fund 76.57 18.26 1.35 0.00 1.78 2.04 11315.53 0.65 0.52 5.35 5.89 6.45 7.37 8.23

Religare Invesco Credit Opportunities Fund 85.57 10.96 0.00 0.00 0.00 3.47 2486.39 0.09 0.65 7.70 7.64 7.84 8.12 8.70

Religare Invesco Ultra Short Term Fund 74.90 18.46 0.49 2.37 -0.01 3.79 2048.37 0.63 0.80 6.10 6.29 6.70 7.61 8.11

SBI SHDF - Ultra Short Term 71.78 21.18 5.85 0.00 0.06 1.13 8593.48 0.53 0.39 5.69 6.20 6.71 7.51 8.40

Sundaram Ultra Short Term 87.00 11.17 0.00 0.00 1.63 0.20 1838.14 0.00 0.92 6.28 6.13 6.39 7.02 7.92

Tata Floater Fund 83.07 12.80 1.80 0.00 0.00 2.33 3686.12 0.00 0.35 5.86 6.16 6.53 7.52 8.37

Taurus Ultra Short Term Bond Fund - Ret 94.04 0.00 0.86 0.00 0.00 5.10 115.53 0.15 1.25 6.55 7.02 7.47 7.89 8.36

UTI Floating Rate Fund - STP 59.06 29.98 5.79 0.00 0.24 4.93 5519.88 0.70 0.88 5.60 6.61 6.56 7.57 8.34

UTI Treasury Advantage Fund 72.95 21.40 3.13 0.00 0.14 2.38 9752.40 0.55 0.27 5.81 6.43 6.54 7.39 8.03

Axis Liquid Fund 82.72 0.34 4.76 0.00 13.84 -1.66 8955.36 0.12 0.18 7.41 7.39 7.48 7.66 8.26

Birla Sun Life Cash Plus 80.16 1.23 8.69 0.00 16.41 -6.49 21494.73 0.15 0.16 7.34 7.39 7.46 7.65 8.28

DSP BlackRock Liquidity Fund 83.05 2.44 9.07 0.00 1.24 4.20 8088.48 0.11 0.26 7.33 7.28 7.35 7.50 8.07

DWS Insta Cash Plus Fund 90.11 0.00 18.20 0.00 0.00 -8.31 7880.15 0.14 0.26 7.51 7.48 7.60 7.78 8.30

Franklin India TMA 103.19 0.00 0.91 0.00 0.00 -4.10 2688.49 0.12 0.86 6.77 6.72 6.83 7.19 7.71

HDFC Cash Mgmt Fund - Savings Plan 85.19 1.97 12.09 0.00 3.28 -2.53 7606.22 0.12 0.30 7.30 7.29 7.35 7.53 8.17

HDFC Liquid Fund 79.95 0.81 10.40 0.00 15.92 -7.08 24926.97 0.12 0.15 7.46 7.45 7.50 7.68 8.26

ICICI Prudential Liquid 97.73 2.88 1.55 0.00 6.26 -8.42 22365.80 0.11 0.14 7.44 7.41 7.47 7.65 8.24

ICICI Prudential Money Market 110.42 0.00 2.77 0.00 3.13 -16.32 7192.56 0.10 0.21 7.42 7.41 7.49 7.66 8.24

IDFC Cash Fund 79.31 1.03 19.66 0.00 11.14 -11.14 8969.93 0.13 0.18 7.33 7.36 7.44 7.64 8.26

Kotak Floater - ST 93.43 1.18 4.56 0.00 0.01 0.82 7031.63 0.13 0.15 7.48 7.43 7.56 7.74 8.35

Kotak Liquid Scheme - Plan A 70.06 0.00 39.03 0.00 0.00 -9.09 7510.96 0.16 0.15 7.34 7.35 7.47 7.62 8.23

L&T Liquid Fund 106.39 0.00 6.81 0.00 0.00 -13.20 5359.40 0.14 0.16 7.35 7.39 7.48 7.66 8.24

LIC Nomura MF Liquid Fund 90.01 0.00 1.60 0.00 0.00 8.39 8654.02 0.00 0.19 7.47 7.38 7.48 7.65 8.25

Reliance Liquid Fund - TP 88.58 1.08 6.11 0.00 10.71 -6.48 19570.50 0.15 0.18 7.40 7.39 7.47 7.65 8.25

Religare Invesco Liquid Fund 75.79 1.56 7.14 0.00 16.06 -0.55 4501.98 0.15 0.17 7.42 7.41 7.52 7.72 8.29

SBI Premier Liquid Fund 82.82 0.00 12.55 0.00 12.12 -7.49 26208.57 0.14 0.11 7.36 7.35 7.43 7.61 8.19

UTI Liquid Fund - Cash Plan 90.67 0.00 0.25 0.00 14.89 -5.81 14438.61 0.00 0.10 6.66 6.74 6.77 6.93 7.52

Sourc

e :-

ww

w.m

utu

alfu

ndsi

ndia

.com

February 2016


Sov. Others Cash Corpus Modified Expense Simple Annualized CA*

(Cr.) Duration 7D 1M 3M 6M 1Y


11

Debt Gilt: Medium & Long-term Fundsas on

Dec 2015Return(%)

Portfolio as on Dec 31, 2015 & Return as on Jan 31, 2016 *CA : Compound Annualized

Birla Sun Life G Sec Fund - LT - Reg 98.81 0.00 1.19 930.53 10.06 1.49 -32.26 -15.51 -9.56 1.79 0.94

DWS Gilt Fund 97.25 0.00 2.75 541.45 5.22 0.76 -13.16 -2.60 -0.18 6.21 5.34

Franklin India GSF - LTP 98.01 0.00 1.99 413.39 9.50 1.74 -25.36 -11.81 -8.11 2.52 1.22

HDFC Gilt Fund - L T P 96.18 0.00 3.82 3236.64 9.31 0.79 -24.90 -10.10 -6.83 3.41 1.66

ICICI Prudential Gilt Fund - Investment - PF - Reg 97.81 0.00 2.19 742.63 9.97 0.65 -35.15 -14.68 -9.45 2.41 1.01

ICICI Prudential Long Term Gilt Fund 98.27 0.00 1.73 1594.65 9.48 0.98 -32.49 -14.45 -9.14 2.50 1.25

IDFC G Sec Fund - Invt Plan - Reg (Re-launched) 99.07 0.00 0.93 976.77 6.35 1.50 -1.03 2.67 -1.19 6.19 3.04

JPMorgan India G Sec Fund - Reg 94.30 0.00 5.70 829.64 9.04 1.25 -23.58 -9.37 -6.18 3.30 2.17

Reliance G Sec Fund 96.16 0.00 3.84 1398.63 7.46 1.69 -8.88 -2.53 -2.95 5.44 2.91

SBI Magnum Gilt LTP 91.07 0.00 8.93 2505.41 6.14 0.98 -6.74 -0.52 -1.99 6.07 3.65

UTI Gilt Advantage Fund - L T P 98.99 0.00 1.01 642.79 9.57 0.85 -28.08 -10.79 -6.67 3.44 1.53

February 2016

Debt Gilt: Short-term Funds

DSP BlackRock Treasury Bill Fund 97.89 0.00 2.11 19.82 0.39 0.60 6.53 6.26 6.22 6.94 7.22

ICICI Prudential Short Term Gilt Fund 54.25 0.00 45.75 216.24 2.11 0.50 0.07 2.83 4.83 8.64 7.32

IDBI Gilt Fund 91.96 0.00 8.04 20.32 9.90 1.94 -38.29 -15.87 -10.72 1.06 0.09

SBI Magnum Gilt STP 71.54 0.00 28.46 154.77 2.08 0.72 7.77 7.45 7.67 8.86 8.30

Tata G S S M F - Plan A 98.23 0.00 1.77 33.12 0.00 1.07 1.40 4.34 5.69 7.66 6.84

UTI G-Sec Fund - STP 83.38 0.00 16.62 23.46 0.37 0.58 6.32 6.93 6.33 7.62 7.70

Return(%)Debt : Dynamic Fundsas on

Dec 2015

Axis dynamic Bond Fund 19.89 2.85 48.72 0.00 0.00 28.54 316.90 5.20 1.40 -10.58 -1.24 -1.05 5.66 4.54

Franklin India dynamic Accrual 5.15 21.70 0.00 51.32 18.64 3.19 1476.48 2.66 1.76 4.21 5.14 5.74 8.77 9.01

Reliance dynamic Bond Fund 6.73 0.00 89.75 0.00 0.00 3.52 5505.78 7.08 1.67 -12.15 -2.97 -2.34 5.22 2.83

SBI dynamic Bond Fund 2.00 0.00 86.93 0.00 0.00 11.07 3698.51 5.18 1.51 -2.54 2.36 -0.82 6.25 3.32

Birla Sun Life dynamic Bond 1.19 12.17 84.78 0.00 -0.01 1.87 15221.00 8.21 1.62 -23.90 -8.68 -4.30 4.03 4.81

HDFC HIF - dynamic 4.72 2.57 88.03 0.00 -0.01 4.69 2135.13 8.33 1.61 -17.24 -7.16 -5.22 3.63 2.00

Birla Sun Life dynamic Bond DAP 1.19 12.17 84.78 0.00 -0.01 1.87 15221.00 8.21 1.30 -23.89 -8.68 -4.29 4.03 4.81

Birla Sun Life dynamic Bond Fund 1.19 12.17 84.78 0.00 -0.01 1.87 15221.00 8.21 1.62 -23.90 -8.68 -4.30 4.03 4.81

Tata Dynamic Bond Fund 12.20 0.00 80.19 0.00 0.00 7.61 1014.50 0.00 1.97 -4.62 -0.04 0.84 6.47 4.70

Reliance Dynamic Bond Fund 6.73 0.00 89.75 0.00 0.00 3.52 5505.78 7.08 1.67 -12.15 -2.97 -2.34 5.22 2.83

UTI Dynamic Bond Fund 6.42 4.57 74.45 0.00 0.77 13.79 900.14 6.32 1.69 -12.06 -0.86 -0.70 6.54 4.77

AAA P1+ Sov. A & AA Others Cash Avg. Exp. Simple Annualized CA*

AA- (Cr.) Maturity 7D 1M 3M 6M 1Y

Corpus

Software Oil Auto Banks Pharma FMCG Corpus Absolute Compound Annualized

& Gas (Cr.) 3M 6M 1Y 3Y

Others

Equity : Value Funds

Equity : Global Funds

as onDec 2015

Birla Sun Life Pure Value 5.24 0.00 6.50 6.70 5.53 0.00 76.03 419.97 -4.18 -8.22 -4.82 26.49

ICICI Pru Value Discovery Fund 9.04 1.55 11.37 17.26 3.65 0.00 57.13 11064.75 -7.58 -11.26 -8.46 22.31

L&T India Value Fund - Growth 4.79 1.21 6.93 11.06 3.70 0.87 71.44 880.92 -5.10 -8.04 -0.93 24.11

PPFAS Long Term Value Reg 32.32 4.04 15.03 17.49 4.67 0.00 26.45 462.41 -4.72 -3.66 1.15 0.00

Tata Equity P/E Fund - Reg 9.50 1.74 8.26 12.31 3.10 0.00 65.09 606.44 -4.65 -12.10 -11.84 16.84

Templeton India Equity Income 7.50 0.00 9.79 16.49 3.54 0.00 62.68 958.70 -8.92 -11.46 -11.39 9.24

Franklin Asian Equity Fund 8.06 0.00 2.88 8.49 2.92 0.95 76.70 102.63 -6.88 -7.35 -8.03 3.61

ICICI Pru Indo Asia Equity Fund 10.13 0.00 5.22 18.79 5.27 0.00 60.59 143.98 -9.03 -12.47 -11.22 14.50

ICICI Pru US Bluechip Equity Fund 8.88 0.00 3.97 0.00 16.10 0.00 71.05 168.45 -5.41 -5.92 2.21 15.51

L&T India Value Fund - Growth 4.79 1.21 6.93 11.06 3.70 0.87 71.44 880.92 -5.10 -8.04 -0.93 24.11

Mirae Asset India-China Consumption 5.06 0.00 10.76 20.11 3.28 15.87 44.92 34.44 -9.56 -12.54 -9.60 14.12

Return(%)

Compound Annualized

Compound Annualized

So

urc

e :-

ww

w.m

utu

alfu

nd

sin

dia

.co

m

February 2016

Risk Factors/Disclaimers: Mutual Funds and Securities Investments are subject tomarket risks and their NAVs / prices can fluctuate on factors affecting capital/debtmarkets. Past performance is not an indicator of future performance of theInvestments. Efforts have been made to ensure that the information provided areaccurate, complete and up-to date, irrespective please read the offer document of therespective schemes before investing. SPA Group is not liable for any inaccurate orincomplete information. SPA Group also takes no responsibility for any gain/ loss onany investment made pursuant to the above letter.

SPA Capital Services Limited

Investment Advisory services

AMFI Reg. No. ARN-0007

SPA Capital Advisors Limited

SEBI registered Category-I Merchant Banker

SEBI Regn. No. INM000010825

PMS : SEBI Regn. No. INP000004664

SPA Insurance Broking Services Limited

Direct Broker for Life and General Insurance broking

IRDA Lic. Code No. DB053/03-273

Corporate Offices

New Delhi 25, C-Block Community Centre, Janak PuriNew Delhi - 110 058Tel.: (011) 25517371, 25515086 Fax : (011) 25532644

101-A, 10th Floor, Mittal Court, Nariman Point,Mumbai - 400021Tel.: (022) 22801240-49, Fax : (022) 22846318

Mumbai

Gurgaon

Hyderabad

Jaipur

Kolkata

Noida

Patna

Agra

Ahmedabad

Bangalore

Chandigarh

Chennai

SPA Securities Limited

Member NSE (CM, CD, WDM & F&O), Member BSE (CM, WDM & CD)

Member MCX-SX (CM, CD & F&O)

Equity - Debt - Currency Broking

NSE (CM) INB231178238, NSE (CD) INE231178238

NSE (WDM) INB231178238, NSE (FO) INF231178238

BSE (CM) INB011178234, BSE (WDM) INB011178234

BSE (CD) INE011178234, MCX-SX (CM) INB2611782231

MCX-SX (FO) INF261178231, MCX-SX (CD) INE261178238

CDSL:IN-DP-CDSL-485-2008, NSDL:IN-DP-NSDL-316-2009

For contact details of other branches and zonal offices,Please visit www.spacapital.com

CONTACT US

monthly update february 2016 - spa capital 2016.pdf · monthly update february 2016 a s we step...

Documents