july - sep 2019 · 3 axis long term equity fund ««« 13.47% 15.26% 29-dec-09 45.42 19,817.30...
TRANSCRIPT
July - Sep 2019
S.No Fund Name Rating
Returns (%)Date of
InceptionNAV
(May-31)AUM
(Rs. Cr.)
Grading on Key Parameters Key Indicators
Performance Risk Quality StandardDeviation Beta3 Yr 5 Yr
Equity - Diversified1 ICICI Pru Multicap Fund «««« 12.28% 12.68% 1-Oct-94 297.10 3,847.00 9.95% 0.88
2 Aditya Birla SL Focused Equity Fund «««« 11.46% 10.92% 24-Oct-05 60.84 4,374.07 10.25% 0.96
3 Mirae Asset India Equity Fund «««« 15.76% 14.83% 4-Apr-08 51.91 13,064.85 10.49% 1.004 UTI Equity Fund «««« 11.06% 11.37% 18-May-92 104.61 9,486.27 9.74% 0.865 Axis Focused 25 Fund ««« 16.12% 14.69% 29-Jun-12 28.45 7,977.51 10.66% 0.906 Reliance Multi Cap Fund ««« 11.76% 10.80% 28-Mar-05 98.45 10,687.46 12.05% 1.04
Equity - Large Cap1 ICICI Pru Bluechip Fund «««« 13.33% 11.61% 23-May-08 43.13 22,182.14 10.30% 0.96
2 Reliance Large Cap Fund «««« 14.82% 13.01% 8-Aug-07 35.42 13,170.35 11.60% 1.063 L&T India Large Cap Fund «««« 11.47% 10.49% 23-Oct-07 28.10 493.11 10.12% 0.974 Axis Bluechip Fund ««« 15.56% 12.44% 5-Jan-10 30.03 5,745.63 9.27% 0.845 Franklin India Bluechip Fund ««« 8.08% 9.51% 1-Dec-93 463.01 7,245.87 10.13% 0.93
6 Aditya Birla SL Frontline Equity Fund ««« 10.70% 10.88% 30-Aug-02 226.39 22,001.90 9.97% 0.95
Equity - Midcap1 Axis Midcap Fund «««« 13.50% 13.06% 18-Feb-11 36.10 2,548.77 10.02% 0.672 Franklin India Prima Fund «««« 9.64% 14.43% 1-Dec-93 943.92 7,147.94 9.76% 0.833 Tata Mid Cap Growth Fund ««« 11.44% 14.08% 1-Jul-94 138.26 686.68 11.73% 0.794 ICICI Pru Midcap Fund ««« 10.72% 12.19% 28-Oct-04 93.86 1,765.22 11.07% 0.785 Reliance Growth Fund ««« 11.31% 11.70% 8-Oct-95 1108.42 6,858.10 11.68% 0.97
Equity - Small Cap1 Axis Small Cap Fund ««««« 12.47% 14.48% 29-Nov-13 28.98 401.77 9.04% 0.442 HDFC Small Cap Fund «««« 15.46% 15.39% 3-Apr-08 41.98 8,402.65 10.95% 0.59
3 Franklin India Smaller Cos Fund ««« 7.37% 14.11% 13-Jan-06 52.82 7,576.97 10.10% 0.68
4 Reliance Small Cap Fund ««« 13.69% 16.64% 16-Sep-10 39.08 8,437.61 12.86% 0.90
Equity - Thematic/Sectoral
1 Aditya Birla SL Intl. Equity Fund - A «««« 10.48% 5.96% 31-Oct-07 21.09 61.34 10.38% 0.00
2 Tata Digital India Fund «««« 13.87% -- 28-Dec-15 15.41 432.61 12.59% 0.823 UTI MNC Fund «««« 8.32% 14.37% 14-Oct-98 100.12 2,135.59 8.67% 0.694 Franklin Build India Fund «««« 13.08% 16.52% 4-Sep-09 42.94 1,316.55 12.42% 1.035 Reliance Pharma Fund ««« 2.62% 8.72% 5-Jun-04 140.30 2,492.35 12.63% 0.83
6 ICICI Pru US Bluechip Equity Fund «« 12.72% 10.83% 6-Jul-12 27.42 272.47 11.66% 0.86
7 DSP India T.I.G.E.R Fund « 11.75% 9.87% 11-Jun-04 94.09 1,217.02 12.97% 1.11
Equity - Tax Saver (ELSS)
1 ICICI Pru LT Equity Fund (Tax Saving) ««««« 11.58% 10.83% 19-Aug-99 382.25 6,424.90 9.93% 0.88
2 Aditya Birla SL Tax Relief 96 «««« 11.25% 13.99% 29-Mar-96 146.30 8,912.66 9.29% 0.813 Axis Long Term Equity Fund ««« 13.47% 15.26% 29-Dec-09 45.42 19,817.30 10.23% 0.894 HSBC Tax Saver Equity Fund «« 10.39% 10.61% 5-Jan-07 37.00 159.84 11.45% 1.04
Equity - Hybrid (Balanced Funds)
1 Mirae Asset Hybrid - Equity Fund «««« 13.29% -- 29-Jul-15 15.04 2,037.71 8.06% 1.19
2 ICICI Pru Equity & Debt Fund ««« 12.63% 12.36% 3-Nov-99 136.13 26,036.43 8.00% 1.06
3 Aditya Birla SL Equity Hybrid 95 Fund ««« 8.51% 10.61% 10-Feb-95 755.48 13,083.39 7.60% 1.04
4 Tata Hybrid Equity Fund ««« 7.99% 10.57% 8-Oct-95 216.29 4,697.13 7.76% 1.14
Equity - Hybrid(Balanced Advantage Funds)
1 Reliance Balanced Advantage Fund ««« 12.12% 10.46% 15-Nov-04 92.09 1,876.37 7.35% 0.64
2 Edelweiss Balanced Advantage Fund ««« 8.87% 9.05% 20-Aug-09 23.81 1,443.76 6.03% 1.71
3 HDFC Balanced Advantage Fund ««« 14.91% 11.60% 11-Sep-00 205.14 42,592.25 10.41% 0.92
POLE STAR
• All returns are as on 20th June 2019 • All Performance Ratios are annualized, calculated over three years • AUM is for the Quarter ended 31st May 2019
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.
S.No Fund Name Rating
Returns (%) Date of Inception
NAV (May-31)
AUM (Rs. Cr.)
Grading on Key Parameters Risk Return Statistics
Performance Risk Quality StandardDeviation Beta3 Yr 5 Yr
Equity - Arbitrage1 ICICI Pru Equity-Arbitrage Fund «««« 6.17% 6.65% 30-Dec-06 24.78 9,604.30 0.81% 0.422 Reliance Arbitrage Fund «««« 6.39% 6.83% 14-Oct-10 19.24 8,534.74 0.89% 0.453 Aditya Birla SL Arbitrage Fund ««« 6.10% 6.53% 24-Jul-09 19.23 3,587.18 0.86% 0.40
Equity - Arbitrage Plus (Equity Savings Fund)1 Axis Equity Saver Fund ««« 8.35% -- 14-Aug-15 13.00 768.59 4.55% 1.322 Tata Equity Savings Fund ««« 6.53% 6.64% 27-Apr-00 33.26 145.99 2.89% 0.783 IDFC Equity Savings Fund « 5.37% 5.96% 9-Jun-08 20.30 77.35 3.29% 0.45
S.No Fund Name Rating
Returns (%)Date of
InceptionNAV
(May-31)AUM
(Rs. Cr.)
Grading on Key Parameters Key Indicators
1 Yr 3 Yr Performance Risk QualityAverage Maturity
(Yrs)YTM
Debt - Corporate Bond Funds(Accrual)
1 Aditya Birla SL Corp Bond Fund «««« 9.74% 8.12% 3-Mar-97 73.30 15,574.93 2.69 8.07%
2 UTI Credit Risk Fund «««« 2.49% 5.83% 19-Nov-12 16.31 4,419.95 2.13 10.83%3 ICICI Pru Corp Bond Fund «««« 8.94% 7.68% 11-Aug-09 19.49 7,087.46 2.38 7.89%4 Reliance Prime Debt Fund «««« 7.41% 7.27% 14-Sep-00 39.48 1,317.82 1.49 9.34%5 HDFC Corp Bond Fund ««« 10.23% 8.26% 29-Jun-10 21.33 12,320.87 3.89 7.86%6 DSP Credit Risk Fund « -2.42% 3.87% 13-May-03 27.99 3,764.68 1.99 9.44%
Debt - Income Funds (Long Term Funds)1 ICICI Pru Bond Fund «««« 9.66% 7.53% 18-Aug-08 26.39 3,328.39 4.24 7.95%2 Tata Income Fund ««« 8.24% 6.52% 28-Apr-97 56.33 74.70 5.89 7.70%3 Aditya Birla SL Income Fund ««« 11.53% 7.78% 21-Oct-95 84.14 945.54 7.22 7.80%4 UTI Bond Fund «« -3.87% 3.57% 17-Jun-98 49.76 649.77 7.12 9.43%
Debt - Dynamic Bond Funds1 JM Dynamic Debt Fund «««« 7.28% 7.51% 25-Jun-03 29.22 414.73 0.14 7.37%
2 ICICI Pru All Seasons Bond Fund «««« 9.31% 9.09% 20-Jan-10 23.76 2,707.37 4.70 8.78%
3 Edelweiss Dynamic Bond Fund ««« 14.62% 7.88% 27-Jun-08 20.51 51.34 8.90 8.01%4 Tata Dynamic Bond Fund ««« 8.26% 6.84% 3-Sep-03 28.50 378.15 1.69 7.25%
Debt - Gilt Funds1 Reliance Gilt Securities Fund «««« 14.63% 10.24% 22-Aug-08 26.18 975.02 9.37 7.35%2 Aditya Birla SL G-Sec Fund «««« 13.63% 9.78% 11-Oct-99 54.78 202.97 10.11 7.29%3 ICICI Pru Gilt Fund ««« 10.47% 8.89% 19-Aug-99 66.12 1,093.53 6.77 7.34%4 Franklin India G-Sec Fund « 12.56% 6.71% 7-Dec-01 43.04 263.22 10.75 7.24%
Debt - Short Term Funds1 Franklin India ST Income Plan «««« 8.84% 8.84% 31-Jan-02 4025.29 13,367.61 3.07 11.27%2 Axis Short Term Fund «««« 7.72% 7.09% 22-Jan-10 20.42 2,617.95 1.90 7.89%3 ICICI Pru Short Term Fund ««« 8.63% 7.69% 25-Oct-01 39.41 8,445.59 2.47 8.19%4 HDFC Short Term Debt Fund ««« 8.90% 7.71% 25-Jun-10 21.05 7,955.71 2.08 7.91%
5 Aditya Birla SL Short Term Opp Fund ««« 8.97% 7.68% 9-May-03 31.55 3,379.31 3.09 8.76%
6 Tata ST Bond Fund «« 2.32% 5.00% 8-Aug-02 33.17 2,103.82 3.53 7.95%
Debt - Ultra Short Term Funds
1 Franklin India Ultra Short Bond Fund-Super Inst «««« 9.68% 8.92% 18-Dec-07 26.80 19,090.98 0.57 9.25%
2 Aditya Birla SL Savings Fund ««« 8.55% 7.94% 16-Apr-03 375.86 15,787.86 0.55 8.09%
3 ICICI Pru Ultra Short Term Fund Fund «« 8.25% 7.94% 3-May-11 19.21 4,732.07 0.53 8.51%
Debt - Liquid1 Axis Liquid Fund «««« 7.52% 7.14% 9-Oct-09 2097.75 32,992.94 0.10 6.84%
2 Franklin India Liquid Fund-Super Inst «««« 7.64% 7.16% 2-Sep-05 2832.81 12,782.76 0.06 7.11%
3 ICICI Pru Liquid Fund ««« 7.45% 7.08% 17-Nov-05 279.79 68,726.96 0.12 6.88%
• All returns are as on 20th June 2019 • All Performance Ratios are annualized, calculated over three years • AUM is for the Quarter ended 31st May 2019
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.
POLE STAR
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.
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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.