oct - dec, 2019 - equitas small finance bank · 2019-12-18 · axis focused 25 fund ... hdfc...
TRANSCRIPT
Oct - Dec, 2019
Cat
egor
yFu
nd N
ame
Fund
Man
ager
Gra
ding
on
Key
Par
amet
ers
Ove
rall
Rat
ing
Ret
urns
(%
)D
ate
of
Ince
ptio
nN
AV
(S
ep 2
7th
)A
UM
(R
s. C
r.)
Key
Ind
icat
ors
Per
form
ance
Ris
kQ
ualit
y1
Yr
3 Y
rs5
Yrs
Sin
ceIn
cept
ion
Stan
dard
Dev
iatio
nB
eta
Equ
ity
- Div
ersi
fied
ICIC
I Pru
Mul
ticap
Fun
dSa
nkar
an N
aren
««««
0.27
%6.
33%
9.61
%16
.71%
1-O
ct-9
428
4.48
2,8
56.0
6 10
.71%
0.90
Tata
Lar
ge &
Mid
Cap
Fun
dC
hand
rapr
akas
h Pa
diya
r
««««
14.6
5%7.
96%
10.2
3%18
.99%
25-F
eb-9
321
1.18
1,0
56.4
4 10
.75%
0.93
Mira
e A
sset
Em
ergi
ng B
luec
hip
Nee
lesh
Sur
ana
««««
12.3
9%12
.32%
17.1
0%20
.53%
9-Ju
l-10
53.8
8 5
,447
.63
11.9
6%0.
80U
TI E
quity
Fun
dA
jay
Tyag
i
««««
5.44
%8.
41%
9.35
%15
.30%
18-M
ay-9
210
2.67
4,5
05.6
3 10
.52%
0.86
Axi
s Fo
cuse
d 25
Fun
dJi
nesh
Gop
ani
«««
10.4
1%13
.90%
13.9
0%16
.57%
29-J
un-1
229
.48
468
.61
11.6
3%0.
92N
ippo
n In
dia
Mul
ti C
ap F
und
Saile
sh R
aj B
han
«««
5.16
%7.
43%
7.40
%16
.56%
28-M
ar-0
593
.82
11,
076.
99
13.1
1%1.
04
Equ
ity
- Lar
ge C
ap
Mira
e A
sset
Lar
ge C
ap F
und
Nee
lesh
Sur
ana
««««
7.94
%11
.47%
12.2
7%15
.77%
4-A
pr-0
851
.26
7,4
78.5
1 11
.09%
0.99
Nip
pon
Indi
a La
rge
Cap
Fun
dSa
ilesh
Raj
Bha
n
««««
4.00
%9.
39%
9.93
%10
.83%
8-A
ug-0
733
.81
2,3
76.3
6 12
.76%
1.09
L&T
Indi
a La
rge
Cap
Fun
dVe
nugo
pal M
.
««««
8.76
%7.
65%
8.51
%9.
17%
23-O
ct-0
727
.75
386
.82
10.8
5%0.
96A
xis
Blu
echi
p Fu
ndSh
reya
sh D
eval
kar
«««
17.6
0%14
.82%
11.9
5%12
.71%
5-Ja
n-10
31.2
1 1
,272
.47
10.1
3%0.
85IC
ICI P
ru B
luec
hip
Fund
Ani
sh T
awak
ley
«««
4.49
%9.
26%
9.48
%13
.91%
23-M
ay-0
842
.33
13,
524.
91
10.8
7%0.
95A
dity
a B
irla
SL F
ront
line
Equi
ty
Fund
Mah
esh
Patil
«««
4.90
%6.
61%
8.89
%20
.47%
30-A
ug-0
222
2.54
9,4
34.2
1 10
.72%
0.96
Equ
ity
- Mid
cap
Axi
s M
idca
p Fu
ndSh
reya
sh D
eval
kar
««««
10.5
6%11
.93%
11.9
1%17
.26%
18-F
eb-1
138
.00
1,2
07.5
4 10
.28%
0.68
Fran
klin
Indi
a Pr
ima
Fund
R. J
anak
iram
an
««««
4.67
%5.
91%
11.5
3%19
.94%
1-D
ec-9
393
7.49
2,3
99.7
1 10
.38%
0.85
Tata
Mid
Cap
Gro
wth
Fun
dR
upes
h Pa
tel
««««
12.2
4%7.
12%
11.2
1%16
.85%
1-Ju
l-94
138.
70 5
28.6
1 11
.83%
0.77
ICIC
I Pru
Mid
cap
Fund
Mrin
al S
ingh
«««
1.53
%5.
54%
9.04
%16
.48%
28-O
ct-0
492
.53
1,5
61.7
3 11
.39%
0.78
Nip
pon
Indi
a G
row
th F
und
Man
ish
Gun
wan
i
«««
7.33
%6.
14%
9.33
%21
.21%
8-O
ct-9
510
92.7
6 5
,570
.91
12.0
4%0.
94
Equ
ity
- Sm
all C
ap
Axi
s Sm
all C
ap F
und
Anu
pam
Tiw
ari
«««««
18.4
8%10
.62%
12.9
6%21
.72%
29-N
ov-1
330
.46
334
.70
8.94
%0.
43SB
I Sm
all C
ap F
und
R. S
riniv
asan
««««
4.51
%11
.93%
17.4
7%18
.39%
9-Se
p-09
52.3
3 7
77.0
9 11
.77%
0.76
Kot
ak S
mal
l Cap
Fun
dPa
nkaj
Tib
rew
al
«««
3.33
%3.
24%
10.1
8%14
.64%
24-F
eb-0
570
.43
806
.53
10.7
9%0.
70IC
ICI P
ru S
mal
lcap
Fun
dSa
nkar
an N
aren
««
8.92
%2.
43%
6.41
%8.
25%
18-O
ct-0
724
.78
147
.37
11.7
0%0.
76
Equ
ity
- The
mat
ic/
Sec
tora
l
SBI I
nfra
stru
ctur
e Fu
ndN
idhi
Cha
wla
«««««
12.7
5%6.
08%
8.72
%3.
71%
6-Ju
l-07
15.4
1 5
62.8
5 12
.63%
0.79
ICIC
I Pru
Ban
king
& F
in S
erv
Fund
Ros
han
Chu
tkey
««««
18.8
9%11
.73%
15.6
0%18
.82%
22-A
ug-0
864
.65
2,7
03.9
0 14
.87%
0.92
Tata
Eth
ical
Fun
dR
upes
h Pa
tel
««««
3.29
%4.
79%
6.99
%17
.69%
24-M
ay-9
615
7.83
345
.96
9.61
%0.
87Fr
ankl
in B
uild
Indi
a Fu
ndA
nand
Rad
hakr
ishn
an
««««
5.39
%7.
24%
11.4
8%15
.30%
4-Se
p-09
40.4
9 1
,192
.92
13.4
3%1.
08C
anar
a R
ob C
onsu
mer
Tre
nds
Fund
-Reg
(G)
Che
enu
Gup
ta
«««
16.9
3%11
.89%
14.1
8%15
.51%
14-S
ep-0
941
.09
226
.49
11.4
0%0.
92
Inve
sco
Indi
a PS
U E
quity
Fu
nd(G
)Pr
anav
Gok
hale
«««
10.1
4%3.
70%
7.48
%6.
12%
18-N
ov-0
917
.71
80.
34
13.7
0%0.
75
HD
FC In
frast
ruct
ure
Fund
Rak
esh
Vyas
«-0
.51%
-3.2
3%0.
41%
3.81
%10
-Mar
-08
15.2
2 1
,982
.04
17.5
8%1.
34
Equ
ity
- Tax
Sav
er
(ELS
S)
ICIC
I Pru
LT
Equi
ty F
und
(Tax
Sa
ving
)Sa
nkar
an N
aren
«««««
1.69
%6.
09%
8.00
%20
.07%
19-A
ug-9
936
4.97
2,4
13.1
1 10
.58%
0.89
Mira
e A
sset
Tax
Sav
er F
und-
Reg
(G)
Nee
lesh
Sur
ana
««««
9.78
%13
.71%
-17
.07%
28-D
ec-1
517
.86
1,0
01.5
6 11
.58%
1.02
Tata
Indi
a Ta
x Sa
ving
s Fu
ndR
upes
h Pa
tel
«««
11.0
4%8.
66%
12.1
8%21
.73%
31-M
ar-9
659
.46
1,5
69.1
6 11
.66%
0.97
Axi
s Lo
ng T
erm
Equ
ity F
und
Jine
sh G
opan
i
«««
12.9
2%12
.29%
12.9
7%17
.69%
29-D
ec-0
947
.22
17,
263.
04
11.2
7%0.
91
Equ
ity
- Hyb
rid
(Bal
ance
d Fu
nds)
Mira
e A
sset
Hyb
rid -
Equi
ty F
und
Nee
lesh
Sur
ana
««««
8.25
%9.
89%
-10
.18%
29-J
ul-1
514
.84
1,1
83.1
3 8.
58%
1.15
ICIC
I Pru
Equ
ity &
Deb
t Fun
dSa
nkar
an N
aren
«««
3.28
%7.
29%
9.61
%14
.16%
3-N
ov-9
913
1.67
28,
806.
55
8.61
%1.
05Fr
ankl
in In
dia
Equi
ty H
ybrid
Fu
ndLa
kshm
ikan
th R
eddy
«««
5.44
%5.
91%
9.23
%13
.90%
10-D
ec-9
912
0.56
2,0
86.9
9 7.
59%
0.98
Tata
Hyb
rid E
quity
Fun
dC
hand
rapr
akas
h Pa
diya
r
«««
5.71
%4.
37%
8.27
%15
.70%
8-O
ct-9
521
3.64
6,4
08.3
1 8.
38%
1.13
Equ
ity
- Hyb
rid
(Bal
ance
d A
dvan
tage
Fu
nds)
Nip
pon
Indi
a B
alan
ced
Adv
anta
ge F
und
Man
ish
Gun
wan
i
«««
6.98
%8.
24%
8.66
%15
.74%
15-N
ov-0
491
.59
94.
94
6.86
%0.
56
Edel
wei
ss B
alan
ced
Adv
anta
ge
Fund
Bha
vesh
Jai
n
«««
5.50
%7.
56%
7.39
%9.
26%
20-A
ug-0
923
.99
113
.77
6.30
%1.
59
HD
FC B
alan
ced
Adv
anta
ge F
und
Pras
hant
Jai
n
«««
6.24
%9.
62%
9.33
%17
.29%
11-S
ep-0
019
4.35
1,1
72.6
3 10
.74%
0.89
POLE
STA
R
• A
ll re
turn
s ar
e as
on
27th S
epte
mbe
r 201
9 •
All
Perf
orm
ance
Rat
ios
are
annu
aliz
ed, c
alcu
late
d ov
er th
ree
year
s •
AU
M is
as
on 2
7th S
epte
mbe
r 201
9
The
ratin
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etho
dolo
gy is
dev
elop
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y Va
luef
y So
lutio
ns P
rivat
e Li
mite
d in
clud
ing
data
and
info
rmat
ion
prov
ided
her
ewith
. Equ
itas
Smal
l Fin
ance
Ban
k ha
s no
t ind
epen
dent
ly v
erifi
ed th
e sa
me.
POLE
STA
R
• A
ll re
turn
s ar
e as
on
27th S
epte
mbe
r 201
9 •
All
Perf
orm
ance
Rat
ios
are
annu
aliz
ed, c
alcu
late
d ov
er th
ree
year
s •
AU
M is
as
on 2
7th S
epte
mbe
r 201
9Th
e ra
ting
met
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logy
is d
evel
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Valu
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tions
Priv
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Lim
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incl
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nd in
form
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erew
ith. E
quita
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all F
inan
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ank
has
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ndep
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the
sam
e.
Cat
egor
yFu
nd N
ame
Fund
Man
ager
Gra
ding
on
Key
Par
amet
ers
Ove
rall
Rat
ing
Ret
urns
(%
)D
ate
of
Ince
ptio
nN
AV
(S
ep 2
7th
)A
UM
(R
s. C
r.)
Key
Ind
icat
ors
Per
form
ance
Ris
kQ
ualit
y1
Yr
3 Y
rs5
Yrs
Sin
ceIn
cept
ion
Stan
dard
Dev
iatio
nB
eta
Equ
ity
- Arb
itra
geID
FC A
rbitr
age
Fund
Yogi
k Pi
tti
««««
6.40
%6.
14%
6.49
%7.
31%
21-D
ec-0
624
.05
2,8
65.3
1 0.
84%
0.36
Nip
pon
Indi
a A
rbitr
age
Fund
Ana
nd D
even
dra
Gup
ta
««««
6.37
%6.
31%
6.78
%7.
97%
14-O
ct-1
019
.55
363
.10
0.88
%0.
37IC
ICI P
ru E
quity
-Arb
itrag
e Fu
ndK
ayza
d Eg
hlim
«««
6.13
%6.
05%
6.52
%7.
70%
30-D
ec-0
625
.16
5,4
75.0
3 0.
82%
0.34
Equ
ity
- A
rbit
rage
Plu
s (E
quit
y S
avin
gs F
und)
Tata
Equ
ity S
avin
gs F
und
Saile
sh J
ain
««««
6.82
%4.
53%
5.96
%8.
04%
27-A
pr-0
033
.22
24.
89
3.33
%0.
88A
xis
Equi
ty S
aver
Fun
dA
nupa
m T
iwar
i
«««
7.83
%7.
81%
-7.
21%
14-A
ug-1
513
.22
732
.54
4.79
%1.
29IC
ICI P
ru E
quity
Sav
ings
Fun
dSa
nkar
an N
aren
«««
8.65
%6.
86%
-7.
71%
5-D
ec-1
414
.19
2,8
94.6
5 3.
06%
0.79
Cat
egor
yFu
nd N
ame
Fund
Man
ager
Gra
ding
on
Key
Par
amet
ers
Fina
l R
atin
g
Ret
urns
(%
)D
ate
of
Ince
ptio
nN
AV
(S
ep 2
7th
)A
UM
(R
s. C
r.)
Key
Ind
icat
ors
Per
form
ance
Ris
kQ
ualit
y6
Mon
ths
1 Y
rs3
Yrs
Sin
ceIn
cept
ion
Aver
age
Mat
urity
(Yrs
)YT
M
Deb
t - C
orpo
rate
Bon
d Fu
nds(
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rual
)
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tya
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a SL
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p B
ond
Fund
Man
eesh
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gi
««««
4.95
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ar-9
774
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13,
296.
74
2.84
7.22
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xis
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p D
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und
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ang
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««««
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13-J
ul-1
711
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277
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2.80
6.75
%IC
ICI P
ru C
orp
Bon
d Fu
ndR
ohan
Mar
u
««««
4.68
%9.
86%
7.38
%7.
46%
11-A
ug-0
919
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8,6
72.4
5 2.
287.
22%
Fran
klin
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a C
redi
t Ris
k Fu
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ntos
h K
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h
«««
1.25
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119
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6,9
24.6
8 3.
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ind
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aman
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«««
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ar-1
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agw
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-03
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3 2
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8.59
%
Deb
t - I
ncom
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nds
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g Te
rm F
unds
)
ICIC
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d Fu
ndM
anis
h B
anth
ia
««««
5.28
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827
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87.0
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Tata
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me
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il M
ittal
«««
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pr-9
757
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112
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5.70
7.26
%A
dity
a B
irla
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com
e Fu
ndPr
anay
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ha
«««
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%12
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5.89
%8.
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ct-9
585
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4,7
04.4
7 8.
426.
88%
UTI
Bon
d Fu
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man
deep
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gh C
hopr
a
««
-5.7
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778.
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ynam
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ond
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DH
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ynam
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ond
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al
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12-J
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76.7
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36.7
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klin
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ccru
al
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in P
adw
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ar-9
768
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3,3
19.5
8 2.
8511
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ICIC
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All
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ons
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d Fu
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anis
h B
anth
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20-J
an-1
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%
RATING LEVERS
PERFORMANCE
The Performance parameter captures the return generated by the fund over historical periods. The returns in the recent year is given highest performance to capture any
shift in style and the momentum in performance. Higher the return generated by a scheme, higher the performance rating.
RISK
The Risk parameter measures the ability of the portfolio manager to create safe portfolio that can go handle the market volatility. Various risk related measures including
volatility, sharpe, sortino etc. are considered to arrive at the final risk score. Lower the risk in portfolio, safer the portfolio is and higher is the risk rating.
ASSET QUALITY
Asset quality grades the investments across asset classes, asset types, market cap classification etc. and ascertains the health of asset mix in the portfolio. Performance with
high quality of investments is given a higher score e.g. a debt fund manager who has generated performance by being in higher rated papers would get better rating than
his/her peer who might be invested in low rated papers.
Definitions
Standard Deviation - Standard deviation is a measure of risk that an investment will not meet the expected return in a given period. The smaller an investment’s
standard deviation, the less volatile (and hence risky) it is.
Beta - Beta, also known as the “beta coefficient,” is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. A
fund with a beta greater than 1 is considered more volatile than the market; less than 1 is less volatile,
Average Maturity - Average maturity indicates the sensitivity of the portfolio to interest rate changes. The higher the average maturity, the greater is the volatility of
returns in the fund.
YTM - The YTM of a debt fund portfolio is the rate of return an investor could expect if all the securities in the portfolio are held until maturity.
Disclaimer: This document is issued by Equitas Small Finance Bank, India. While all reasonable care has been taken in preparing this document, no responsibility or liability
is accepted for any errors of fact or for any opinion expressed herein. Opinions, projections and estimates are subject to change without notice and it does not give rise
to any obligation on ourpart to update and circulate the document. This document is for information purposes only and is not an independent research. Customer shall
make his/her/its own judgement and assessment relating to a product in which investment is made. It is meant only for use as a reference tool. It has notbeen prepared for
any particular person or class of persons. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt anyhedging,
trading or investment strategy, nor does it constitute any prediction of likely future movements in rates of prices or any representation that any such future movements
willnot exceed those shown in any illustration. The contents of this document are not made with regard to the specific investment objectives, financial situation or the
particular needs ofany particular person. Any investments discussed may not be suitable for all investors. All information presented here are based on past performance.
Past performance is notnecessarily indicative of future performance; the value, price or income from investments may fall as well as rise. Equitas Small Finance Bank, India,
and/or a connected company, mayhave a position in any of the instruments or currencies mentioned in this document. You are advised to make your own independent
judgment with respect to any matter containedherein and Equitas Small Finance Bank has no responsibility or obligation in connection with your decision to invest in the
funds referred to in this document. Other persons should notrely on this document.
Equitas Small Finance Bank, India and/or its group companies is not responsible for any damages or losses arising from any use or reliance on the information contained
in this document. The information is provided without obligation and on the understanding that any person who acts on it or changes it, his or her position in reliance on
it does so entirely atits, his or her own risk. As such to the extent permitted by law, Equitas Small Finance Bank, India accepts no liability and will not be liable for any loss
or damage arising directly orindirectly (including special, accidental, business loss or consequential loss or damages) from your use of this document and the information
contained herein, howsoever arising and includingany damage or expense arising from, but not limited to any defect, error, imperfection, fault, mistake or inaccuracy with
this document and its contents or associated services or due to any unavailability of the document or any part thereof or any contents or associated services. Equitas Small
Finance Bank, India acts as a distributor of the fund referred to in this document (which represents only a portion of all the funds available in the market). Equitas Small
Finance Bank, receives fees including trail commissions for the funds that it distributes.
Equitas Small Finance Bank does not provide any investment advisory services under the wealth management proposition. Equitas Small Finance Bank in its capacity of a
distributor of mutual funds or while referring any other third party financial products may offer advice which is incidental to its activity of distribution/ referral. Equitas Small
Finance Bank will not be charging any fee/ consideration for such advice and such advice should not be construed as ‘Investment Advice’ as defined in the Securities and
Exchange Board of India (Investment Advisers) Regulations, 2013 or otherwise. Investments are subject to market risk. All materials text, articles and information contained
herein is the property of Equitas Small Finance Bank, India and may not be reproduced, redistributed or forward without written consent of Equitas Small Finance Bank,
India.
RATING METHODOLOGY :: THE TRUE NORTH PERSPECTIVE
True North
True North (geodetic north) is the ‘actual’ direction along the earth’s surface towards the geographic North Pole. True North usually differs from magnetic north (the
direction that a compass points toward the magnetic north pole), which is slightly erroneous due to the influence of earth’s magnetic field (adapted from Wikipedia).
Fund Rating with True North
The rating of mutual fund schemes aims to show True North with respect to the analysis of funds. It intends to find the healthiest funds in respective category that have
the potential to generate consistent performance with appropriate risk. The methodology goes beyond the conventional NAV based analysis and discovers the true quality
of performance by uncovering the true sources that have generated performance. The methodology uses advanced analytics to quantify various qualitative parameters like
fund manager’s skill and style by conducting a detailed attribution analysis wherever data permits.
The rating methodology described is developed by Valuefy Solutions Private Limited and uses advanced analytics to conduct a comprehensive health-check of mutual
fund schemes. Funds are pre-screened for vintage and AUM size and the ones that qualify, enter the screening universe. The funds are classified into categories and are
compared with the peers within the category.
The rating methodology is developed by Valuefy Solutions Private Limited including data and information provided herewith. Equitas Small Finance Bank has not independently verified the same.