monthly update january 2015 -...

Monthly Update January 2015

The year 2014 has been quite eventful for global financial markets. As far as

major global events are concerned, geopolitical tensions in the Middle East,

the Russia-Ukraine conflict, the gradual drop in oil prices, slowdown in China and the

expediting US recovery process covered headline space.

Back here in India, the year started with a gung ho over the general election

campaigns. In line with market expectations, the change of government at the centre

raised hopes of a recovery in Indian markets. The confidence got accentuated with the

fall in global commodity prices including crude oil prices. This may have a ripple

effect on Indian macros including, CAD, Inflation & GDP growth. Meanwhile, RBI

adopted a dovish stance as inflation and fiscal deficit continued within their projected

trajectory.

Thus, while 2014 was not so good for the global financial markets - it turned out to be a

beam of renewed hope and optimism for the Indian markets. But will the market rally

continue in 2015? Which stocks/ sectors will outperform? To what levels will the

yields correct? Undoubtedly, Time will answer all these perfectly; Yet we proceed to

2015 filled with optimism of a newer paradigm for the financial markets.

Meanwhile, we should also keep a check on the major concerns. With recovery

grabbing pace in US and interest rates to rise - the volatile portfolio inflows may be

affected negatively. Next is the slower recovery and fears of slower inflation in

developed markets. Third could be the risk of geopolitical tensions emanating from

Russia and the Middle East from falling oil prices.

While, India is bound to feel the impact if any of these materialize - but the current

macroeconomic scenario is relatively strengthen to limit the negative impact. With all

these expectations we wish you all a very happy and prosperous 2015.

Happy Investing !

2

January 2015

Special Review

Investment Avenues for Senior Citizen

“To keep the heart unwrinkled, to be hopeful, kindly, cheerful,

reverent - that is to triumph over old age -- Thomas Bailey

Aldrich”

Importance of capital protection:

Liquidity:

Regular flow of income:

Taxation:

Post Office Monthly Income Scheme (POMIS):

Senior Citizen Savings Scheme (SCSS):

National Saving Certificate (NSC):

Bank Fixed Deposit:

Reverse Mortgage:

. But the real meaning of victory comes when someone is

financially independent after his/her retirement. The word “financially

independent” does not only mean to have huge corpus at the time of

retirement. It also means how one smartly manages his/her money after

retirement. At this stage, any investment one makes should be of low

risk, generation of periodic income etc. The increasing inflation and

decreasing interest rate makes the choice of investment even more

difficult for this segment of investors. However, a proper financial

planning can help to succeed the desired goal.

The importance of capital

protection should be the highest priority at this juncture. The funds

available are usually the corpus of their lifelong savings which

will be utilized to generate resources for the life ahead. Generally,

senior citizens are either retired or are nearing retirement, so

instead being aggressive in investment they should focus on

schemes and plans which are safe and offer fixed returns.

Post retirement, the source of monthly income like

salary fades away leaving them dependent on their savings. So

before investing one should ensure that the avenues they are

investing provides them high degree of liquidity so that they can

meet any sudden unforeseen expenses quickly.

The investment portfolio of senior

citizen should also take care of the fact that in the absence of

alternate sources of regular income, the income generated from

the investment should meet all the regular expenses.

Before investing in any schemes, one should keep in

mind about the tax benefit he/she can avail by investing in any

instrument.

There are many investment tools available for senior citizens which

carry minimal risk and also tax efficient in the hands of investors.

Post Office

Monthly Income Scheme is one of the post office schemes which

give a guaranteed return on investment. Anyone who wants to

generate a monthly income can open this account and get an

assured monthly income.

Retirees can invest their lump sum retirement benefit under this

scheme and can earn attractive annual interest without taking any

default risk on their money.

GOI has introduced

SCSS with effect from 1st November 2014. Any resident who has

attained 60 years (55 years for those who have retired under a

voluntary or special voluntary scheme) of age can open this

account. Investment under this scheme qualifies for the benefit u/s

80C of Income Tax Act. Besides tax benefit, this scheme offers an

attractive rate of interest.

The NSC is a popular and

safe small savings instrument that combines tax-savings with

guaranteed returns. This scheme is backed by the government and

is one of the safest investment options available at post – offices.

The distribution reach of post office has added to the popularity of

this scheme. Savings in this product is risk free because of the

government backing. The interest rate on the NSC is guaranteed.

The interest rates in this scheme will be notified before April 1 of

that year and is aligned with G-Sec rates of similar maturity.

Fixed deposits is the financial instrument

which allows money to be deposited with banks for a fixed

duration to earn higher rate of interest than conventional savings

account. On maturity the investor receives a return which is equal

to the principal plus the interest earned over the duration of fixed

deposit.

A reverse mortgage is loan available to

homeowners who are 60 years or older that enables them to

convert part of their home into cash. The product was conceived as

a means to help retirees who do not have the corpus to meet their

day-to-day requirements. The maximum period of property

mortgage is 20 years with bank or HFC (Housing finance

company). The borrower can opt for a monthly, quarterly , annual

or lump sum payments at any points. The revaluation of the

property has to be done once every 5 years.

●

●

●

●

●

●

●

●

●

Factors to be kept in mind:

Let’s have a brief look at some of these:

3

January 2015

Special Review

The real estate sector is one of the highly sought out sectors in India

today. Almost every investor today seeks to invest some part of his/her

allocation into real estate sector.

Real estate industry in India has reached a culmination point ever since,

the gates opened to the foreign investors in 2005. This is the reason why

many foreign investors are investing huge amounts of money in this

sector. Demographic statistics also suggests that India can be a leading

destination for real estate business globally. The strong growth,

housing shortage, growing requirement for commercial space indicates

the potential in this sector.

The real estate sector which is deeply linked to the economic

performance is expected to be a major beneficiary in the expected

strong economic growth ahead. The major drivers supporting

commercial real estate growth includes a slowing interest rate cycle,

falling global commodity prices, improving regulatory regime,

urbanization & natural expansion of cities, rising income levels and

strong expected growth in manufacturing and service sector.

Government had eased foreign direct investment (FDI) norms for

construction development sector. Earlier foreign developers were not

allowed to take out the invested amount before three years from

completion of minimum capitalization. However, now the foreign firm

can take its money out or transfer its stake to another non-resident

company before completing the project on approval from the

government. This relaxation of the lock-in period comes as a major

relief for the real estate industry. The new rules allow FDI in small

project, which is a big advantage. DIPP has also reduced minimum area

requirements. Foreign real estate developers can now invest in

construction development projects having a minimum floor area of

20,000 sqm (from 50,000 sqm earlier). Similarly the capital

requirement was decreased from $ 10 million to $ 5 million.

Growing economy is driving demand for

commercial and retail space.Alongside the demand for residential

properties has also risen because of increased urbanization and

rising disposable incomes.

Growing requirements of space from

sectors such as education & healthcare. A boost in health tourism

also provides the opportunity for hospitality sector. The market

size of real estate in India is expected to increase at a CAGR of

11.2%. The real estate sector is estimated to be worth $ 180 bn by

2020.

With the Narendra Modi

led government announced its plan to build over 100 smart cities;

infrastructure development is the next big opportunity for real

estate manufacturers and investors. For those seeking to invest

with a long term prospective, investing in smart cities is the best

investment decision in the current market scenario.

The introduction of

real estate investment trusts (REITs), as announced by the finance

minister in his annual budget speech, is one of the positive factors

likely to lead a positive impetus in the real estate sector. REITs

would not only increase liquidity in the cash strapped sector, it

would also allow small investors to be a part of the real estate

growth story by investing with as low as INR 2 Lakhs.

Tier 2 &

tier 3 cities have been offering far more real estate projects leading

to a pan India growth. Some of the biggest real estate companies

are focusing on smaller centers offering remunerative investment

opportunities. With real estate prices in the metropolitan cities

getting stagnant to an extent, projects located in the new industrial

corridors in smaller cities can fetch good opportunities.

Overall, the Indian economy is expected to be one of the fastest

growing economies in the coming years. India stands strikingly apart

from its emerging market peers in terms of growth dynamics. Further

the new agenda of GOI is to make it possible for business to be

registered in a day through single window clearances and online model

of registration. Such fast paced initiatives should increase the demand

for commercial property at an accelerated pace.

●

●

●

●

●

Govt relaxes FDI policy for real estate sector:

Why India:

Growing Demand:

Attractive Opportunities:

Smart City Investment Opportunity:

Real Estate Investment Trusts (REITs):

Tier 2 & Tier 3 Cities Offering Vast Growth Potential:

Commercial Real Estate

4

Fixed Income Update Equities Update

Debt: Liquid 1M 3M 6M

Institutional Activity ( Dec 01- Dec 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-Dec 28-Nov %Chg. I Yr Ret Key Indices 31-Dec 28-Nov %Chg. I Yr Ret

Other -Dec 28-NovIndices 31 %Chg. I Yr Ret

Portfolio as on Nov 30, 2014 & Return as on 31st Dec 2014

NSE G Sec Composite Index 386.68 379.91 1.78 11.73%

NSE Treasury Bill Index 385.96 383.01 0.77 8.78%

08-Jan 08-Dec

Rupee/$ 63.45 61.63

Call Rate 8.00% 8.05%

Total Forex ($ bn) 319.71 314.66

Inflation 0.00% 1.77%

FIIs 26599.81 15411.34 11188.47

Mutual Funds 149343.60 95411.80 53931.80

BSE Sensex 27499.42 28693.99 -4.16 29.89%

S&P CNX Nifty 8282.70 8588.25 -3.56 31.39%

BSE IT Index 10583.93 11207.45 -5.56 16.54%

BSE Healthcare 14692.95 14956.57 -1.76 47.43%

BSE FMCG Index 7766.57 7733.68 0.43 18.27%

BSE PSU Index 8226.81 8411.15 -2.19 39.21%

BSE Bankex 21458.11 21212.07 1.16 65.04%

FIIs 86631.50 85595.21 1036.29

Mutual Funds 23188.20 16151.20 7037.00

Birla Sun Life Top 100 Fund 7.96 47.26 29.00

Franklin India High Growth Companies 13.90 76.13 39.65

HDFC Equity Fund 5.10 51.81 27.72

ICICI Pru Focused Bluechip Equity Fund 5.20 39.09 24.10

Reliance Equity Opportunities Fund 10.64 57.34 33.39

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

Birla Sun Life Cash Manager 7.24 8.75 8.47

Franklin India Ultra Short Bond Super IP 8.07 9.42 9.38

ICICI Prudential Flexible Income Plan 7.65 9.02 8.89

Reliance Money Manager Fund 7.07 8.29 8.35

UTI Treasury Advantage Fund - IP 8.41 9.14 8.90

Birla Sun Life Cash Plus 8.32 8.59 8.69

Franklin India TMA - Super IP 8.39 8.67 8.72

HDFC Liquid Fund 8.35 8.58 8.68

ICICI Prudential Liquid 8.38 8.61 8.70

IDFC Cash Fund 8.37 8.60 8.68

DSP BlackRock Micro Cap Fund 16.02 100.12 41.72

Franklin India Smaller Companies Fund 11.22 84.07 46.44

HDFC Mid-Cap Opportunities Fund 12.03 72.78 38.13

Kotak Emerging Equity Scheme 14.74 83.97 36.54

Reliance Small Cap Fund 8.82 94.33 44.74

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

Birla Sun Life ST Opportunities Fund 7.73 12.48 10.72

Canara Robeco ST Fund 6.80 10.19 9.25

Franklin India STIP 7.04 12.96 11.56

HDFC Short Term Plan 7.15 11.48 10.58

Kotak Bond Short Term Plan 6.62 10.60 9.69

Axis Long Term Equity Fund 9.60 63.02 35.77

Birla Sun Life Tax Relief 96 11.31 52.24 30.27

Franklin India Taxshield 9.39 53.83 27.92

ICICI Prudential Taxplan 4.05 48.69 30.22

Reliance Tax Saver (ELSS) Fund 10.01 81.87 38.91

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 24.23 22.23 16.19

DSP BlackRock Strategic Bond Fund 18.52 20.72 15.15

Franklin India Income Opportunities 7.50 12.83 11.33

HDFC Medium Term Opportunities 6.39 11.26 10.31

UTI Dynamic Bond Fund 20.89 18.91 13.73

Debt: Accrual Funds 1M 3M 6M

Birla Sun Life Medium Term Plan 10.92 13.11 11.09

Franklin India Corporate Bond Opportunities 6.74 12.54 11.07

HDFC Corporate Debt Opportunities Fund 9.98 14.37 12.38

ICICI Prudential Regular Savings Fund 6.71 11.14 10.30

Reliance RSF - Debt 6.97 11.22 10.29

Debt: Gilt 1M 3M 6M

Birla Sun Life G Sec Fund - LT 28.73 28.94 20.13

HDFC Gilt Fund - L T P 30.85 30.38 21.41

IDFC G Sec Fund - Invt Plan - Reg 27.55 27.34 19.41

Kotak Gilt - Investment Regular Plan 23.56 24.21 17.41

SBI Magnum Gilt LTP 34.91 31.58 22.66

Franklin Build India Fund 16.21 89.76 40.63

ICICI Prudential B & F Services Fund 18.77 67.98 39.54

Reliance Pharma Fund 3.60 46.20 33.86

UTI MNC Fund 12.17 61.11 32.31

UTI T&L Fund 10.13 102.20 50.72

HDFC Prudence Fund 76.81 28.51 83.15

ICICI Prudential Balanced 65.90 33.58 59.60

Reliance RSF - Balanced 76.76 44.98 61.91

SBI Magnum Balanced Fund 73.21 40.47 65.67

Tata Balanced Fund - Plan A 62.75 25.40 51.87

Axis Income Saver Fund 23.82 7.93 18.05

Birla Sun Life MIP II - Wealth 25 32.16 8.39 32.62

Canara Robeco Monthly Income 26.42 5.53 17.97

HDFC Multiple Yield Fund - 2005 12.11 3.02 14.51

ICICI Prudential MIP 25 23.71 12.33 25.74

January 2015

*CA : Compound Annualized

Simple Annualized

Simple Annualized

Absolute CA*

This Month in Debt :

5

•

•

•

•

•

Indian equities were on an upswing for most part of 2014. Riding high on

robust investor sentiments, impressive foreign fund inflow and formation of a

new majority government at the centre, Nifty & Sensex garnered a positive

return of ~30.1% & 28.7% respectively. On month-on-month basis,

generated negative returns of 4.5% and 5.1% respectively led by partial

profit booking and year end outflows from FII’s. Barring Media (1.3%) &

Bank Nifty (0.24%), all other domestic sectoral indices closed in red with

Infrastructure (-8.0%), Realty (-8.6%) & Energy (-9.1%) shedding the most in

Dec’14. Amongst the global indices barring FTSE 100 & Kospi, all others

ended in green in 2014.

growth slumped in Oct’14 @ 4.2% after showing a decent recovery in

FY15. IIP growth stood at 2.5% in Sep’14 and -1.2% in Oct’13. Amongst the

broad sectors, Mining and Electricity grew by 5.2% and 13.3% respectively

while Manufacturing degrew by 7.6%. As per the use-based classification,

Capital, Intermediate and Consumer goods degrew by 2.3%, 3.1% and 18.6%

respectively while Basic goods grew by 5.8% in Oct’14. Out of the 22 industry

groups in manufacturing segment, 16 reported degrowth in Oct’14. Overall IIP

growth stood at 1.9% in FY15 against 0.2% in similar period last fiscal.

The PMI index has been expanding rapidly over the past 2 months from 51 to

51.6 and further to 53.3. Manufacturing activity accelerated led by stronger

output and new order flows. This time, domestic orders saw a significant

increase against overseas orders in the last month.

Amongst institutional investors, FII's invested a meager INR 7.6 bn in Dec'14

against INR 137.5 bn in Nov’14. Dec’14. Overall FII investments stood at INR

951.1 bn in 2014 against INR 1131.5 bn in 2013. FDI investments stood steady

at 162.9 bn in Oct’14 & Sep’14 taking the total investments in FY15 @ INR

1045.6 bn.

Internationally, Q3 GDP growth stood @ 5.0% up from its prior reading of

3.9% and an initial estimate of 3.5%. The faster pace of growth stemmed from

stronger consumer spending and business investments. is expected to

consider a stimulus package of broad-based asset purchases including

sovereign debt next month. government had approved a 3.5 trillion

yen ($29 billion) fiscal stimulus package to boost the economy.

The recent drop in global commodity prices including Crude oil support Indian

fundaments in many ways as: lower CAD, stable currency, lower inflation and better

GDP growth. Alongside, the political & financial stability plays a major role in

building investors confidence. Indian markets are expected to continue their bull run

in 2015 led by these strong fundamentals and reviving investor sentiments. While

FII’s has invested hugely, DII’s initiated their first reasonable investment of INR

58.3 cr in Dec’14. With major macros aligned, Indian economy is expected to expand

@ ~6% in the next fiscal. Alongside, Indian equities own an overweight ranking

amongst its Emerging Market peers by global fund managers.

Investors are recommended to maintain higher allocation to equities with periodic

rebalancing in line with their asset allocation strategy. We recommend an allocation

of ~50% in Large cap, ~35% in mid & small cap, ~10% in sectoral/ thematic

(Infrastructure & Banking) and ~5% in arbitrage/ liquid funds to maintain adequate

liquidity.

Nifty

Sensex

IIP

US

ECB

Japan’s

Outlook & Strategy:

&

Year 2014 has been exceptionally good for Indian markets led by a political and

financial stability enroute. The terminal month (Dec’14) has also been favourable

with RBI expressing a dovish stance after a long spell and boosting investor’s

confidence further.

yield improved from 8.09% in Nov’14 to ~7.86% in

Dec’14. Yields started declining sharply after RBI expressed a dovish stance in

its 2nd Dec policy meet. RBI even indicated to take policy actions off policy

dates in early 2015 if inflation and fiscal deficit move within its projected

trajectory.

The itself shifted downwards with medium term yields (<10

year) declining by ~18 bps while long term yields (>10 Year) declining by ~21

bps. The longer end of the curve is in a slightly inverted fashion as yields

corrected aggressively after RBI’s dovish stance.

With G-Sec yields correcting further, failed to

maintain pace and rose on MoM basis. Spreads on medium term bonds (less than

7 Yr) rose higher than long term bonds. In the short term segment,

yields also raised with 1 Yr CP touching 9.02% in Dec’14 after declining

to 8.96% in Nov’14.

in banking system went negative in first half of Dec’14 with banks

parking their surplus under Reverse repo window. However, demand for repo

borrowings rose again in 2nd half of Dec’14 after advance tax payments.

Inspite of easing liquidity and declining interest rates, remains

subdued @10.9%. Meanwhile also dropped from ~15% in

Apr’14 to 10.06% in Dec’14 as lower deposit yields are driving investors to

alternative investment options i.e. Corporate bonds and Mutual Funds.

Accordingly, incremental credit deposit ratio improved from 47.2% in Nov’14

to 52.7% in Dec’14.

While slowed into equities, Debt markets continue to account

for significant inflows in Dec’14. Net FII investment stood at ~INR 119 bn in

Dec’14 taking the total investment in 2014 to ~INR 1595 bn.Amongst the DII’s,

Mutual funds invested INR 481.3 bn in Dec’14 taking the total investments in

2014 to INR 6152 bn.

Internationally, continue to struggle with low inflation

and slower growth rates. Russia and other major Oil exporting nations remain

vulnerable to low oil prices. Japan & Switzerland observed negative interest

rates.Against all these, recovery in US is gaining pace but inflation fears remain

alive in light of the falling crude prices.

Low credit growth has triggered a dovish stance at RBI and the central bank has

expressed thought of easing policy rates in early 2015. Meanwhile, Inflation continues

to remain within projected trajectory and GOI has recently taken steps to mop up

indirect tax revenue and limit the Fiscal deficit. With BJP emerging as a key leader in

the recent state elections - India is moving towards a political and financial stability.

This immunes India to an extent against the ongoing geopolitical hiccups and the risk

of volatile portfolio inflows. Our consecutive target for 10Yr G-Sec yield of 7.90% (as

mentioned in our last monthly report), was breached in Dec'14. Further, we expect

RBI to cut policy rates by ~75 bps in 2015 and G-Sec yields to remain tradable ~7.50%

accordingly. Major domestic concerns remain over inflation numbers after the base

affect fade away in the coming months.

•

•

•

•

•

•

•

Benchmark 10 YR G-Sec

G-Sec yield curve

Corporate Bond spreads

Commercial

paper

Liquidity

Credit growth

deposits growth

FII investments

Advanced economies

Outlook

This Month in Equity :

January 2015

28.7

28.6 28.6

28.1

27.8

27.6

27.4 27.3

26.7

27.1

27.4

27.7

27.5

27.2 27.2

27.4

27.5

28-Nov 5-Dec 12-Dec 19-Dec 26-Dec

Sensex

8 .0 9

8 .0 6

7 .9 7

7 .9 4

7 .9 27 .9 1

7 .8 7

7 .8 3

7 .8 4

7 .9 9

7 .9 7

7 .9 3

7 .9 6

7 .9 6

7 .9 2

7 .9 6

7 .9 87 .9 8

7 .9 3

7 .8 7

3 0 -N o v 7 -D e c 1 4 -D e c 2 1 -D e c 2 8 -D e c

1 0 Yr G O I Y ie ld

6

Mutual Fund Performance Update

Equity: Large Cap

Equity: Large & Mid Cap

Equity: Multi Cap

as onNov 2014

Software Oil Auto Banks Pharma FMCG Absolute Compound Annualized

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

Others Corpus


Franklin India Bluechip Fund 16.98 0.60 7.33 29.29 7.17 2.26 36.37 6001.56 6.32 14.08 36.17 21.06

Birla Sun Life Index Fund - Growth 14.51 0.52 8.50 22.50 5.48 7.97 40.52 707.31 2.71 9.46 29.32 19.68

JP Morgan India Equity Fund 13.18 0.00 13.94 28.46 6.23 2.91 35.28 234.73 7.21 14.64 42.88 23.14

Pramerica Large Cap Equity Fund 18.05 0.00 9.95 23.42 5.50 2.92 40.16 62.23 4.92 9.33 26.69 17.47

Reliance Top 200 Fund - Growth 12.34 0.05 13.55 21.14 7.55 0.09 45.28 1064.26 8.94 17.47 52.73 29.76

Religare Invesco AGILE Fund - Growth 8.77 0.00 8.60 37.99 17.54 0.00 27.10 30.86 7.83 8.62 17.47 14.76

SBI Magnum Equity Fund 17.20 0.00 13.99 32.55 7.50 4.61 24.15 1303.88 7.03 16.24 40.94 23.75

Tata Index Fund - Sensex Plan - Plan A 16.14 0.69 11.23 22.86 5.81 10.33 32.94 6.70 2.01 8.40 28.12 19.60

UTI Mastershare 14.79 1.03 9.01 20.61 9.03 2.82 42.71 3018.47 6.60 15.25 40.78 22.33

Birla Sun Life Advantage Fund 8.07 0.00 17.44 27.24 6.93 1.70 38.62 413.12 11.78 17.47 56.57 28.69

Birla Sun Life Frontline Equity Fund 12.63 0.55 12.00 24.19 6.54 5.13 38.96 7711.39 6.36 13.87 42.62 27.63

Birla Sun Life Top 100 Fund 10.97 1.52 10.77 25.43 6.47 2.49 42.35 1068.08 7.96 14.27 47.26 29.00

DSP BlackRock Opportunities Fund 11.54 3.07 9.53 23.69 7.43 0.00 44.74 819.66 6.50 15.60 43.75 24.73

Franklin India Flexi Cap Fund 12.37 2.41 12.47 29.89 10.30 0.00 32.56 2339.87 9.09 19.55 53.34 28.57

Franklin India Opportunities Fund 11.83 0.00 9.06 31.93 8.15 0.00 39.03 343.66 9.52 23.36 55.37 25.73

HDFC Growth Fund 14.13 0.42 6.78 27.31 6.18 2.62 42.56 1245.38 4.94 9.51 41.07 20.39

HDFC Equity Fund 13.72 3.08 9.08 26.41 6.34 3.51 37.86 18399.28 5.10 11.05 51.81 27.72

HSBC India Opportunities 13.79 2.20 6.55 26.77 8.05 4.65 37.99 402.96 6.71 15.32 51.53 26.33

ICICI Prudential Dynamic - Regular 13.52 1.39 3.41 14.87 2.10 0.00 64.71 5646.65 3.65 9.50 35.71 26.47

ICICI Prudential Indo Asia Equity 6.23 0.00 2.86 29.45 7.95 0.00 53.51 149.75 8.00 16.26 48.06 25.99

IDFC Classic Equity Plan B Fund 17.78 2.55 8.41 22.94 7.61 5.91 34.80 192.04 4.60 9.42 27.35 21.13

Kotak Classic Equity - Growth 10.28 3.31 11.20 25.19 6.89 1.98 41.15 126.11 7.35 12.01 37.14 24.49

L&T Indo Asia Fund 7.56 0.00 10.09 20.76 3.17 1.52 56.90 267.56 4.89 11.91 31.99 20.65

Mirae Asset India Opportunities Regular 11.29 1.03 11.86 24.52 8.75 3.92 38.63 811.64 6.54 17.14 50.94 29.15

Principal Large Cap Fund 13.82 1.89 12.35 26.72 3.82 2.78 38.62 326.58 4.51 11.23 41.48 24.24

Quantum Long Term Equity 8.12 4.62 13.46 4.22 0.00 0.00 69.58 400.90 3.60 8.78 37.79 24.94

Religare Invesco Equity Fund 21.99 0.00 13.20 20.17 11.10 0.00 33.54 52.85 1.91 10.15 24.47 22.94

Reliance NRI Equity 13.32 0.00 7.71 19.49 4.56 3.73 51.19 97.37 5.16 12.56 36.94 25.08

Reliance Focused Large Cap 9.97 0.00 10.79 24.85 11.23 0.00 43.16 1156.19 5.84 10.32 36.27 26.85

SBI Magnum Multicap Fund 11.55 0.00 7.23 20.93 8.33 4.09 47.87 458.14 9.26 20.98 53.74 29.97

Tata Equity Opportunities Fund - Plan A 12.79 1.26 10.75 22.32 7.46 2.36 43.06 561.95 7.78 17.61 46.02 27.95

Tata Retirement Savings - Progressive A 15.36 0.00 7.32 20.82 3.16 6.54 46.80 75.96 7.81 16.90 45.09 20.99

UTI Contra Fund 0.00 0.00 0.00 0.00 0.00 0.00 100.00 137.15 0.00 0.00 0.00 0.00

UTI Dividend Yield Fund 15.36 0.00 3.99 25.49 0.87 6.03 48.26 3397.34 6.14 11.85 39.20 18.98

Birla Sun Life India Reforms Fund 0.00 4.16 0.00 33.04 0.00 0.00 62.80 47.17 9.18 12.46 57.04 22.02

BNP Paribas Dividend Yield 8.39 0.00 6.94 23.32 4.26 1.74 55.35 97.07 5.64 14.87 46.74 26.70

DSP BlackRock Focus 25 Fund 7.62 1.12 21.36 23.01 4.32 0.00 42.57 287.09 7.47 19.54 46.82 22.12

HDFC Core & Satellite Fund 14.28 0.81 9.18 23.64 6.17 2.20 43.72 303.81 3.96 6.99 49.66 21.37

ICICI Prudential Nifty Junior Index 1.37 2.69 7.16 11.84 8.21 8.41 60.32 28.07 7.43 13.13 40.48 28.30

IDBI Nifty Junior Index 1.35 2.72 7.19 11.86 8.18 8.36 60.34 30.72 7.20 12.25 39.64 28.54

L&T India Value Fund 11.08 0.00 9.10 17.77 0.86 0.00 61.19 108.30 10.27 19.38 71.22 35.72

L&T India Special Situations Fund 11.96 0.00 7.96 23.27 5.64 3.81 47.36 885.60 8.83 16.59 49.46 29.42

PineBridge India Equity Standard 12.35 2.05 19.02 13.98 6.23 0.00 46.37 153.74 12.06 26.53 61.02 27.32

Principal Dividend Yield Fund 9.45 0.00 18.67 21.96 0.89 7.18 41.85 131.89 5.44 11.43 44.28 24.30

Principal Growth Fund 9.65 0.00 7.72 23.26 7.05 0.00 52.32 587.42 5.72 17.00 47.33 24.91

Reliance Growth Fund 11.65 0.00 3.51 18.30 10.19 0.00 56.35 5558.02 5.84 13.97 51.81 26.19

Reliance Regular Savings Equity Option 9.36 0.00 5.87 18.42 8.17 0.00 58.18 2753.23 10.90 17.59 53.96 28.57

Religare Invesco Contra Fund 11.97 0.00 9.42 14.39 3.12 0.00 61.10 96.58 7.54 18.88 60.58 29.17

Tata Ethical Fund - Plan A 22.30 0.00 15.28 0.00 14.18 7.16 41.08 239.88 5.33 15.83 39.40 26.77

Tata Equity PE Fund - Plan A 9.16 1.51 8.67 21.86 5.77 0.00 53.03 578.76 11.15 17.03 66.97 29.43

Templeton India Equity Income Fund 8.85 0.00 3.49 12.37 2.41 0.00 72.88 1120.59 2.49 14.04 37.71 24.31

So

urc

e :-

ww

w.m

utu

alfu

nd

sin

dia

.co

m

Return(%)

January 2015

Software Oil Auto Banks Pharma FMCG Corpus Absolute Compound Annualized

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

Others

7


Equity: Mid & Small Cap

Hybrid: Asset Allocation

as onNov 2014

Equity: Infrastructure


Equity: Tax Planning

Axis Midcap Fund 5.50 2.85 8.69 13.78 8.66 0.00 60.52 873.51 11.73 20.52 73.73 39.45

BNP Paribas Midcap Fund 4.77 0.00 4.28 12.59 6.66 3.04 68.66 246.95 8.22 19.68 62.27 38.77

Canara Robeco Emerging Equities Reg 5.12 1.72 8.58 13.55 1.14 0.00 69.89 178.92 12.48 27.27 93.14 42.73

Franklin India Prima 7.97 1.52 8.71 16.29 4.83 0.00 60.68 2802.42 13.50 25.87 74.06 39.03

Franklin India Smaller Companies 6.88 0.00 7.59 16.45 3.40 0.00 65.68 1574.60 11.22 28.19 84.07 46.44

HDFC Mid-Cap Opportunities Fund 6.40 0.00 6.12 16.44 12.38 0.97 57.69 8631.88 12.03 22.66 72.78 38.13

IDFC Premier Equity 4.48 2.21 8.16 2.14 0.00 2.97 80.04 6639.08 9.57 20.66 58.03 32.01

IDFC Sterling Equity Fund - Regular Plan 11.76 4.53 6.22 6.19 4.92 0.00 66.38 1777.31 9.81 22.73 54.61 32.28

JP Morgan India Mid and Small Cap Fund 4.56 0.86 13.34 14.79 6.86 1.71 57.88 292.74 15.24 24.32 80.24 40.29

Mirae Asset Emerging Bluechip Reg 6.35 1.76 6.86 16.35 11.14 1.35 56.19 610.43 11.37 28.02 81.47 41.75

Principal Emerging Bluechip Fund 4.40 2.15 14.18 15.37 10.37 0.00 53.53 438.07 13.56 26.33 77.03 42.19

Reliance Long Term Equity Fund 2.05 0.00 0.00 12.71 6.49 0.00 78.75 2046.43 10.02 23.14 79.20 36.61

Reliance Small Cap Fund 5.00 0.00 10.89 17.40 4.40 0.00 62.31 1319.77 8.82 24.15 94.33 44.74

SBI Magnum Midcap Fund 3.18 0.56 4.57 11.58 12.89 3.28 63.94 771.98 11.05 26.99 67.20 41.09

Sundaram Select Midcap Fund - Regular Plan 1.87 3.16 11.60 10.30 3.09 1.39 68.59 2635.22 11.91 21.10 72.27 34.79

Sundaram S.M.I.L.E. Fund - Regular Plan 1.13 0.00 13.60 10.87 5.68 0.00 68.72 711.52 16.38 31.32 104.07 40.12

Birla Sun Life Tax Plan 8.47 0.00 16.28 16.43 8.65 4.01 46.16 200.72 10.95 21.13 50.59 29.57

Birla Sun Life Tax Relief 96 8.50 0.00 16.40 16.38 8.67 4.06 45.99 1877.94 11.31 21.72 52.24 30.27

BNP Paribas Long Term Equity Fund 7.92 0.00 7.40 23.16 5.04 1.77 54.71 304.40 6.53 17.95 50.77 29.10

BOI AXA Equity Fund - Reg 13.42 0.00 8.93 21.93 6.04 5.24 44.44 825.94 4.03 13.07 38.88 21.92

BOI AXA Tax Advantage Fund - Regular Plan 14.01 1.21 13.22 19.49 6.69 1.10 44.28 45.36 7.05 14.80 41.31 23.72

Canara Robeco Equity Tax Saver Reg 11.87 0.00 6.60 27.73 6.17 1.55 46.08 886.76 5.99 15.14 42.98 24.48

DSP BlackRock Tax Saver Fund 11.65 1.45 9.97 21.81 7.67 2.66 44.79 1063.18 6.53 15.95 50.50 30.16

Franklin India Taxshield Fund 8.81 0.00 13.15 28.40 8.86 1.55 39.23 1567.71 9.39 22.65 53.83 27.92

HDFC Long Term Advantage Fund 12.74 0.00 13.14 19.10 4.19 4.17 46.66 1218.73 2.41 10.94 42.23 26.24

HDFC Taxsaver Fund 12.25 0.49 8.53 28.06 5.75 3.08 41.84 5145.38 6.73 12.38 53.73 26.75

HSBC Tax Saver Equity Fund 12.20 2.42 11.47 25.92 5.44 2.44 40.11 202.78 5.54 13.77 49.60 28.56

ICICI Prudential Tax Plan Reg 10.54 1.52 5.69 20.47 6.64 0.76 54.38 2413.11 4.05 12.25 48.69 30.22

IDFC Tax Advantage (ELSS) Reg 17.26 0.00 7.31 14.66 7.89 3.24 49.64 280.17 5.76 16.20 39.25 28.97

L&T Tax Advantage Fund 12.75 0.00 12.86 23.83 4.88 3.26 42.42 1591.95 6.77 14.58 42.49 23.83

Principal Personal Tax Saver Fund 13.97 1.93 12.40 26.96 3.90 2.79 38.05 384.73 4.56 11.25 41.60 24.58

Reliance Tax Saver Fund 6.30 0.00 19.58 8.97 4.85 0.00 60.30 3618.07 10.01 21.78 81.87 38.91

Religare Invesco Tax Plan 14.15 0.00 8.11 17.60 4.99 0.00 55.15 212.88 6.02 19.07 51.86 28.92

SBI Magnum Taxgain Scheme 14.08 2.74 10.20 20.81 8.22 2.10 41.85 5182.19 5.00 14.72 47.49 27.84

Sundaram Taxsaver 12.71 4.83 7.31 22.62 2.90 3.47 46.16 1258.82 7.13 16.11 43.07 24.11

Tata Tax Saving Fund 15.41 0.00 11.60 16.01 6.78 2.84 47.36 190.23 6.05 16.56 45.65 24.98

Taurus Tax Shield Fund 10.02 4.01 10.28 21.20 7.07 2.20 45.22 95.56 3.08 8.62 32.54 18.98

UTI Equity Tax Savings Fund 17.24 0.00 8.45 19.50 6.72 3.43 44.66 560.40 5.29 13.45 38.86 22.72

HDFC Infrastructure Fund 3.99 1.28 9.96 25.49 0.00 0.00 59.28 1968.55 7.73 10.32 70.98 24.91

ICICI Prudential Infrastructure Reg 0.00 2.32 0.00 15.59 0.00 0.00 82.09 1837.08 7.87 7.28 52.82 21.12

Tata Infrastructure Fund - Plan A 0.00 0.71 2.08 26.10 0.00 0.00 71.11 836.19 12.94 14.98 59.76 19.88

UTI Infrastructure Fund 0.00 0.00 0.00 26.22 0.00 0.00 73.78 1650.28 9.88 10.05 56.60 21.48

Birla Sun Life AA Multi Manager FoF Scheme 0.00 0.00 0.00 0.00 0.00 0.00 100.00 3.54 5.68 14.49 37.25 15.70

Franklin India Dynamic PE Ratio Fund of Funds 6.44 4.93 3.14 15.07 3.62 0.00 66.80 837.06 4.59 9.62 24.15 15.41

Pramerica Dynamic Asset Allocation Fund 10.62 5.49 6.95 17.06 4.29 0.00 55.59 32.27 3.25 12.57 21.91 9.45

Principal Smart Equity Fund - Growth 6.74 4.44 5.89 15.28 2.14 2.78 62.73 56.36 3.60 25.24 46.58 17.98

Sourc

e :-

ww

w.m

utu

alfu

ndsi

ndia

.com

Return(%)

Compound Annualized

January 2015

8


Hybrid: Equity-oriented

Debt: Income

Hybrid: Arbitrage

as onNov 2014

Return(%)

Return(%)as on

Nov 2014

Software Oil Auto Banks Pharma FMCG Others

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

Absolute Compound AnnualizedCorpus

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

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

Corpus


Birla Sun Life 95 Fund 9.35 2.04 7.97 21.57 4.98 1.45 52.64 1103.71 9.60 16.75 46.51 24.09

Canara Robeco Balance Reg 6.39 1.59 4.12 18.87 3.04 0.00 65.99 280.55 7.17 15.89 43.66 23.18

DSP BlackRock Balanced Fund 2.64 0.00 8.55 12.76 9.31 0.00 66.74 574.49 9.11 18.54 43.51 21.04

HDFC Balanced Fund 9.69 0.00 5.43 20.20 7.90 0.00 56.78 2813.17 8.07 15.48 49.35 26.69

HDFC Prudence Fund 9.20 1.28 5.38 20.66 3.46 2.15 57.87 7971.41 5.67 10.77 50.32 25.51

ICICI Prudential Balanced Reg 4.08 1.08 10.72 13.36 5.51 2.07 63.18 1352.09 6.63 15.49 43.44 26.89

Reliance Reg Savings - Balanced Option 7.89 0.00 15.91 13.24 3.91 0.00 59.05 863.73 4.06 12.52 41.65 24.85

SBI Magnum Balanced Fund 8.65 0.00 15.12 11.40 4.28 0.78 59.77 1127.49 7.17 17.91 41.53 27.85

Sundaram Balanced Fund - Regular 11.59 0.00 5.85 30.84 4.69 3.40 43.63 36.30 5.40 7.48 22.47 15.41

Tata Balanced Fund - Plan A 9.03 0.00 8.60 14.70 5.70 2.28 59.69 1533.30 8.52 17.71 47.71 27.06

UTI Balanced Fund 9.18 1.52 8.40 15.17 6.43 3.51 55.79 1257.94 3.48 9.30 31.19 20.96

Birla Sun Life Enhanced Arbitrage 0.00 0.00 10.09 27.84 17.55 5.00 39.52 36.34 2.08 3.54 8.30 8.29

HDFC Arbitrage Fund - Retail Plan 0.29 0.00 6.63 30.41 15.08 2.70 44.89 112.81 1.78 3.55 7.72 8.25

ICICI Prudential Blended Plan A Reg 0.44 0.78 6.84 34.24 9.30 0.99 47.41 913.16 1.70 3.73 8.52 9.52

ICICI Prudential Equity Arbitrage - Reg 0.85 0.46 10.92 32.20 8.17 0.78 46.62 1190.33 1.74 3.80 8.54 9.47

IDFC Arbitrage Fund - Regular Plan -0.02 0.00 -0.04 10.92 -0.09 -0.01 89.24 2264.13 1.84 3.83 8.53 9.08

IDFC Arbitrage Plus Fund - Regular Plan 0.00 0.00 -0.04 5.47 -0.07 -0.02 94.66 90.04 1.69 3.51 7.72 8.62

JM Arbitrage Advantage Fund 4.65 0.97 7.46 34.48 7.76 2.33 42.35 5972.67 1.71 3.70 8.33 9.05

Kotak Equity Arbitrage Fund 2.88 1.68 4.17 33.04 11.14 0.59 46.50 2312.47 1.96 3.96 8.96 9.27

Reliance Arbitrage Advantage Fund 0.00 0.24 6.81 21.76 12.12 0.00 59.07 363.10 1.97 3.72 7.86 9.20

Religare Invesco Arbitrage Fund 0.00 0.00 -0.02 19.29 -0.11 0.00 80.84 508.08 1.94 3.82 8.28 8.47

SBI Arbitrage Opportunities Fund 0.00 0.00 22.50 31.39 13.88 2.44 29.79 324.54 1.96 3.99 8.60 8.92

UTI SPrEAD Fund 0.00 5.20 14.64 20.30 19.80 7.13 32.93 27.56 1.77 3.56 8.14 8.15

Birla Sun Life Dynamic Bond Retail 86.84 0.00 8.77 0.00 4.39 0.00 10025.34 0.00 1.31 4.11 24.23 22.23 16.19 14.42

Birla Sun Life Income Plus 80.28 0.00 4.52 0.00 15.20 0.00 3316.19 0.00 1.53 -5.83 24.99 25.62 18.41 15.94

Birla Sun Life Medium Term Plan 0.00 0.00 13.90 0.00 86.10 0.00 3536.19 0.00 1.38 8.07 10.92 13.11 11.09 11.93

BNP Paribas Flexi Debt Reg Plan A 85.06 0.00 4.01 0.00 10.93 0.00 222.13 11.73 1.95 1.92 26.83 22.66 15.83 14.09

DSP BlackRock Bond - Retail Plan 66.49 0.00 14.70 0.00 18.81 0.00 220.52 10.05 2.10 9.98 19.96 20.68 15.32 13.74

DWS Premier Bond Premium Plus 0.00 0.00 6.77 0.00 93.23 0.00 845.55 2.34 0.92 7.44 5.14 11.50 10.38 10.96

Franklin India Income Opportunities 0.00 0.00 3.46 0.00 96.54 0.00 4188.25 2.63 1.67 8.67 7.50 12.83 11.33 11.53

HDFC High Interest Fund - Dynamic 75.57 0.00 4.27 0.00 20.16 0.00 927.69 13.47 1.55 -3.22 22.17 24.40 17.50 16.09

HDFC Income Fund 58.17 0.00 4.47 0.00 37.36 0.00 2285.51 12.90 1.92 0.29 18.97 23.30 16.63 15.54

HSBC Income Fund - Investment 81.08 0.00 4.76 0.00 14.16 0.00 98.90 11.87 1.97 -2.62 19.34 20.91 14.87 13.52

ICICI Prudential Income Opportunities 80.26 0.00 3.07 0.00 16.67 0.00 3126.76 15.29 1.84 -9.09 23.49 24.03 17.29 16.64

IDFC SSI Inv Plan C 97.80 0.00 2.07 0.00 0.13 0.00 1598.97 14.49 1.88 -5.56 24.21 25.45 18.26 15.33

IDFC SSI Medium-term Reg 24.49 0.00 4.91 0.00 70.60 0.00 2394.19 4.00 1.20 3.98 8.80 13.08 11.06 10.80

ING Income Fund 0.00 0.00 0.00 0.00 100.00 0.00 7.79 6.92 2.09 0.00 0.00 0.00 0.00 0.00

Kotak Bond - Deposit Plan 68.22 0.00 7.52 0.00 24.26 0.00 3553.42 12.71 1.78 1.11 18.79 22.23 15.62 14.94

Kotak Bond - Plan A 68.22 0.00 7.52 0.00 24.26 0.00 3553.42 12.71 1.78 1.20 18.85 22.24 15.65 15.00

LIC Nomura MF Bond Fund 53.70 0.00 3.83 8.35 34.12 0.00 121.74 9.24 2.35 -1.07 18.08 18.64 12.99 12.00

Pramerica Dynamic Bond Fund 81.52 0.00 0.24 0.00 18.24 0.00 94.42 10.68 1.87 2.14 26.99 24.53 17.69 13.29

Principal Income Fund - Long Term 76.08 0.00 6.08 0.00 17.84 0.00 71.15 10.61 1.70 -2.54 20.53 21.17 15.57 13.14

Reliance Income Fund 77.59 0.00 3.82 0.00 18.59 0.00 1975.93 16.53 1.88 -4.04 22.87 24.22 16.91 14.57

Reliance Regular Savings Debt 0.00 0.00 9.88 2.13 86.95 1.04 4916.85 2.09 1.84 6.68 6.97 11.22 10.29 10.90

SBI Magnum Income Fund 73.45 0.00 10.28 5.46 10.81 0.00 2828.93 12.13 1.81 -3.50 20.26 19.64 13.98 12.03

Sundaram Bond Saver Reg 75.89 0.00 -2.83 0.00 26.94 0.00 191.32 9.33 2.42 -1.53 15.70 18.80 13.59 13.07

Tata Income Fund - Plan A 63.03 0.00 7.20 0.00 29.77 0.00 337.45 9.81 1.75 4.10 18.68 19.05 13.95 12.83

Tata Income Plus Fund - Plan A 63.03 0.00 7.20 0.00 29.77 0.00 337.45 9.81 1.75 4.10 18.68 19.05 13.95 12.83

UTI Bond Fund 80.26 0.00 2.67 0.00 17.07 0.00 2442.38 11.58 1.68 -3.01 22.84 23.03 15.41 15.45

Sourc

e :-

ww

w.m

utu

alfu

ndsi

ndia

.com


January 2015

REIS - REAL ESTATE INVESTMENT SERVICES

Leveraging

to strengthen your Portfolio

Real Estate

www.spacapital.com


9

Hybrid: Debt-oriented Conservativeas on

Nov 2014Return(%)

Return(%)

Return(%)

Debt: Short-termas on

Nov 2014

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

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

Corpus


Hybrid: Debt-oriented Aggressiveas on

Nov 2014

Software OIL Auto Banks Pharma FMCG Others Simple Annualized CA*

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

Corpus

Birla Sun Life MIP II - Savings 5 50.58 9.76 2.79 1.70 22.57 0.00 12.60 0.00-11.19 228.16 0.00 1.19 21.16 24.58 18.68 18.54

Birla Sun Life Monthly Income 53.11 14.62 4.38 2.12 16.49 0.00 9.28 0.00-16.03 255.27 0.00 2.47 21.53 26.52 19.94 18.91

DWS Income Advantage Fund 0.00 2.38 3.06 9.13 77.67 7.46 0.30 1.06-9.22 33.64 1.00 2.64 -4.95 7.57 8.39 10.30

DWS Twin Advantage Fund 0.00 18.79 24.41 0.00 40.46 0.00 16.34 2.91-19.84 9.00 2.79 2.66 5.49 17.58 15.31 13.13

Franklin India MIP - Growth 30.31 19.77 15.41 2.71 22.56 0.31 8.93 0.00-26.56 329.93 8.00 2.29 11.17 21.08 19.83 21.60

HDFC MIP - LTP - Growth 32.74 24.62 2.48 2.52 23.66 0.68 13.30 0.00-25.01 3679.24 10.07 2.01 4.56 20.92 15.35 24.41

HDFC MIP - STP - Growth 20.02 16.94 5.50 0.67 38.94 0.00 17.93 14.41-23.78 279.89 5.36 2.83 3.67 14.47 11.00 17.70

HDFC Multiple Yield Fund 0.00 23.73 4.21 2.78 39.45 0.00 29.83 0.00-25.42 77.65 0.30 1.91 -2.53 10.47 7.70 15.57

HSBC Monthly Income Plan 64.00 14.52 3.50 2.61 12.01 0.66 2.70 11.90-15.27 87.92 10.53 2.44 15.49 18.54 14.37 16.81

ICICI Prudential MIP 25 - Growth 57.43 19.31 4.69 2.67 5.21 0.46 10.23 0.00-25.22 981.17 7.96 2.27 12.41 22.55 20.04 21.68

ICICI Prudential MIP - Regular 48.22 14.26 2.85 4.88 11.81 0.53 17.45 0.00-15.31 340.94 7.84 2.42 8.67 18.54 17.71 20.29

Kotak Monthly Income Plan 18.59 19.59 29.63 0.97 15.22 0.95 15.05 0.00-19.96 114.24 4.10 2.41 7.92 18.25 17.60 19.21

L&T Monthly Income Plan 74.01 19.18 5.69 2.45 -6.67 0.20 5.14 0.00-19.94 44.02 12.59 2.31 13.72 18.97 16.74 17.60

LIC Nomura MF Monthly Income 0.00 17.13 1.75 15.63 61.44 0.00 4.05 11.06-19.98 73.83 1.90 2.20 -5.05 10.43 11.75 10.97

Peerless Income Plus Fund 0.00 19.97 4.53 1.08 45.65 2.36 26.41 0.00-19.88 86.93 2.45 2.45 5.66 11.93 12.40 12.53

Principal Debt Savings Fund - MIP 1.50 0.00 2.77 0.00 83.21 0.00 12.52 2.04-13.61 22.64 1.31 1.25 6.49 10.10 9.55 9.40

Reliance Monthly Income Plan 33.69 19.45 3.79 8.64 26.15 0.00 8.28 0.00-20.17 2353.89 10.55 2.07 9.41 23.45 20.48 22.96

SBI Magnum Monthly Income 44.25 15.10 3.05 4.52 31.06 0.83 1.19 0.00-24.34 227.27 6.89 2.31 16.22 20.51 18.57 17.26

SBI Magnum Monthly Income Floater 0.00 13.48 3.22 2.09 17.21 1.08 62.92 0.00-15.83 18.23 0.57 2.45 6.85 11.90 16.51 16.83

Sundaram MIP - Moderate Plan 22.50 20.95 1.31 2.16 27.36 2.28 23.44 3.45-21.21 27.56 3.23 2.63 -1.11 11.10 9.67 8.55

Tata MIP Plus Fund - Plan A 49.82 19.16 10.17 3.68 13.23 0.60 3.34 0.00-20.12 91.52 8.46 2.30 12.00 21.33 18.16 18.93

UTI Monthly Income Scheme 23.11 14.93 6.00 1.95 50.14 0.78 3.09 0.00-15.59 283.48 5.44 1.94 4.23 14.57 14.11 15.62

Birla Sun Life Asset Allocation Moderate 7.85 0.00 0.00 8.89 0.00 0.00 83.26 4.72 8.88 12.94 29.36 15.88

Franklin India Life Stage Fund of Funds 30s 6.08 5.58 3.03 18.47 3.92 0.82 62.10 13.33 5.63 11.73 28.96 16.84

ICICI Prudential Advisor Series - Moderate 3.90 4.10 2.26 7.27 1.33 2.43 78.71 5.34 5.15 7.74 23.98 14.68

Tata Young Citizens Fund - Plan A 8.20 1.35 5.17 15.51 2.63 6.13 61.01 195.79 7.01 18.71 28.04 13.68

UTI CRTS 81 Fund 4.20 1.66 3.10 6.78 2.55 3.08 78.63 354.55 4.01 14.95 23.23 14.28

UTI Retirement Benefit Pension 5.37 2.28 4.89 8.17 3.71 2.89 72.69 1238.63 4.45 16.62 26.16 11.47

Axis Short Term Fund - Retail Plan 14.27 0.00 16.47 0.21 69.05 0.00 958.01 2.12 1.10 7.56 8.64 10.96 9.80 10.00

Canara Robeco Short Term Regular 0.00 0.00 5.68 0.00 94.32 0.00 205.33 1.92 1.10 8.00 6.80 10.19 9.25 9.56

DSP BlackRock Short Term Fund 8.45 0.00 4.11 6.44 81.00 0.00 776.46 2.81 1.10 6.12 7.16 11.58 10.24 10.52

DWS Short Maturity Premium Plus 8.03 0.00 21.23 0.00 70.74 0.00 2025.07 1.97 1.21 6.74 7.14 9.96 8.98 9.70

Franklin India ST Income Plan - Retail 0.00 0.00 4.10 1.30 94.60 0.00 10078.89 2.59 1.54 8.86 7.04 12.96 11.56 11.52

HDFC Short term Fund 0.00 0.00 19.21 5.14 73.20 2.45 2352.52 1.99 0.98 7.90 7.15 11.48 10.58 10.89

HSBC Income Fund - Short Term Plan 8.64 0.00 4.39 0.00 86.97 0.00 996.38 2.28 1.27 6.59 6.72 10.61 9.40 9.80

ICICI Prudential Short Term Fund 37.44 0.00 4.57 3.05 54.94 0.00 3895.19 3.22 1.00 8.57 8.71 12.40 10.76 11.47

DFC Super Saver Income Short Term D 0.00 0.00 4.50 0.00 95.50 0.00 2855.31 1.97 1.02 7.44 6.06 10.59 9.60 10.01

Kotak Bond - Short Term Plan 9.90 0.00 5.73 0.00 84.37 0.00 1487.32 2.50 1.25 5.77 6.62 10.60 9.69 10.17

Kotak Income Opportunities 0.00 0.00 8.75 0.00 91.25 0.00 929.38 2.63 1.60 6.62 8.48 11.33 10.42 11.13

Pramerica Credit Opportunities 0.00 0.00 3.96 3.83 92.21 0.00 266.52 3.51 2.16 8.42 7.15 13.35 11.04 10.92

Reliance Short Term Fund 25.90 0.00 6.93 0.97 66.20 0.00 5178.89 3.01 1.02 8.88 9.66 12.72 10.66 11.23

SBI Short Horizon Debt ST Ret 16.54 0.00 4.13 4.35 74.98 0.00 2328.64 2.92 0.86 6.52 8.13 11.58 9.84 10.19

UTI Short Term Income - Regular 55.10 0.00 6.53 0.66 37.71 0.00 4020.65 2.82 1.07 7.38 10.76 12.02 10.18 10.82

So

urc

e :-

ww

w.m

utu

alfu

nd

sin

dia

.co

m

January 2015




Corpus

10


Debt: Ultra Short-term

Debt: Liquid

as onNov 2014

Return %



Corpus


Axis Treasury Advantage Fund - Retail Plan 7.68 0.00 13.39 0.00 78.93 0.00 1316.87 0.49 0.82 6.55 6.91 7.53 7.47 7.97

Baroda Pioneer Treasury Advantage Reg 0.00 0.00 20.86 0.00 79.14 0.00 1359.07 0.26 1.71 7.42 7.31 7.84 7.82 8.79

Birla Sun Life Cash Manager 11.10 0.00 11.98 0.00 76.92 0.00 6412.31 0.00 1.37 5.90 7.24 8.75 8.47 9.07

Birla Sun Life Treasury Optimizer Retail 27.56 0.00 5.64 0.00 66.80 0.00 2760.66 0.00 0.39 8.16 9.78 14.26 11.89 12.19

Birla Sun Life Savings Fund - Retail Plan 13.23 0.00 14.04 0.37 72.36 0.00 12388.75 0.00 0.34 6.18 7.61 9.30 9.08 9.57

BNP Paribas Money Plus Fund 3.92 0.00 29.04 0.00 67.04 0.00 310.25 0.27 0.77 7.07 7.92 8.63 8.22 8.51

DSP BlackRock Money Manager Regular 2.36 0.00 4.00 0.60 93.04 0.00 2753.57 0.43 0.90 6.43 7.16 8.40 8.30 8.77

DWS Treasury Investment Fund 0.00 0.00 2.24 0.00 97.76 0.00 1011.56 0.28 0.48 7.00 7.52 8.45 8.32 9.19

Franklin India Low Duration Fund 7.31 0.00 4.61 3.60 84.48 0.00 2772.66 0.63 0.74 7.96 7.75 9.50 9.58 10.05

Franklin India Ultra Short Bond Retail 13.27 0.00 4.98 1.38 80.37 0.00 7225.92 0.46 0.86 7.54 7.51 8.85 8.79 9.39

ICICI Prudential Flexible Income Reg 32.12 0.00 4.76 1.08 62.04 0.00 12911.59 0.55 0.46 6.14 6.78 8.13 8.00 8.52

ICICI Prudential Savings Reg 42.92 0.00 -0.80 1.32 56.56 0.00 3257.53 0.58 1.10 7.63 8.08 9.01 8.51 8.87

ICICI Prudential Ultra Short Term 11.86 0.00 -2.94 0.00 91.08 0.00 2321.00 0.56 0.57 7.59 7.06 9.53 8.74 9.39

IDBI Ultra Short Term Fund 0.00 0.00 14.77 0.00 85.23 0.00 434.42 0.60 0.86 6.96 7.61 8.21 8.05 8.67

IDFC Money Manager - Investment Plan A 0.00 0.00 -4.37 0.00 104.37 0.00 1700.65 0.28 0.45 7.06 7.63 8.66 8.44 9.19

Indiabulls Ultra Short Term Fund 0.00 0.00 1.98 7.89 90.13 0.00 260.03 0.32 2.41 7.13 8.01 9.01 8.95 9.30

JP Morgan India Treasury Retail 0.00 0.00 18.54 0.00 81.46 0.00 1710.31 0.25 1.09 7.04 7.06 8.18 8.23 8.80

Kotak Flexi Debt - Regular Plan 21.77 0.00 22.59 0.00 55.64 0.00 401.61 2.37 1.50 4.63 8.98 10.82 10.42 9.77

Kotak Floater Long Term 11.17 0.00 6.65 0.00 82.18 0.00 3072.86 0.80 0.60 6.41 7.01 8.94 8.96 9.42

L&T Floating Rate Fund 0.00 0.00 2.97 0.00 97.03 0.00 153.69 0.49 0.47 7.57 7.01 7.94 8.00 8.64

L&T Ultra Short Term Fund - Regular Plan 0.00 0.00 3.55 5.37 91.08 0.00 1950.82 0.62 0.45 7.57 7.27 8.60 8.33 8.74

Religare Invesco Credit Opportunities 0.00 0.00 6.75 0.00 93.25 0.00 61.66 1.12 1.00 8.07 7.94 9.87 9.67 10.05

Pramerica Short Term Floating Rate 0.00 0.00 26.00 0.00 74.00 0.00 9.16 0.24 0.31 7.71 7.96 8.45 8.56 9.03

Reliance Medium Term Fund 0.00 0.00 2.24 0.88 96.88 0.00 2279.37 0.75 0.80 6.69 7.51 9.23 8.78 9.25

Reliance Money Manager - Retail Plan 5.66 0.00 11.75 0.40 82.19 0.00 10048.10 0.35 0.96 6.10 6.91 8.08 8.11 8.71

Sundaram Ultra Short Term - Retail Plan 13.67 0.00 4.22 0.00 82.11 0.00 2382.65 0.67 1.89 5.84 6.31 7.59 7.48 8.05

Tata Floater Fund - Plan A 0.00 0.00 16.23 0.00 82.83 0.94 2686.25 0.43 0.35 6.92 7.84 8.68 8.64 9.22

Taurus Short Term Income Fund 0.10 0.00 4.28 0.00 95.62 0.00 155.04 0.05 0.45 9.17 9.10 9.23 9.37 9.82

Taurus Ultra Short Term Bond - Retail 0.29 0.00 28.34 0.00 71.37 0.00 51.57 0.04 0.43 8.60 8.41 8.34 8.33 8.69

Union KBC Ultra Short Term Debt Fund 0.00 0.00 11.21 0.00 88.79 0.00 221.05 0.22 0.08 7.44 7.92 8.62 8.92 9.49

UTI Floating Rate Short Term - Regular 26.92 0.00 25.02 0.00 48.06 0.00 4082.97 0.71 0.43 7.29 7.78 8.49 8.34 8.83

UTI Treasury Advantage 5.13 0.00 20.76 0.00 74.11 0.00 7157.76 0.48 0.42 7.17 7.83 8.55 8.39 8.86

Axis Liquid Fund - Retail Plan 10.92 0.00 8.42 0.00 80.66 0.00 7413.92 0.08 0.58 7.83 7.88 8.10 8.18 8.56

Birla Sun Life Cash Plus 22.02 0.00 26.55 0.28 51.15 0.00 17930.87 0.00 0.10 8.21 8.32 8.59 8.69 9.02

DSP BlackRock Liquidity Regular Plan 5.98 0.00 25.36 0.00 68.66 0.00 8018.05 0.09 0.25 8.15 8.22 8.44 8.53 8.89

DWS Insta Cash Plus Reg 2.80 0.00 22.22 6.23 68.75 0.00 6452.65 0.08 0.25 8.36 8.40 8.62 8.70 9.05

Franklin India Treasury Mgmn. Account Reg 13.67 0.00 -7.32 3.33 90.32 0.00 5988.06 0.11 0.86 7.63 7.72 8.00 8.07 8.57

HDFC Cash Management Savings Plan 19.30 0.00 15.38 0.00 65.32 0.00 9320.94 0.08 0.06 8.27 8.35 8.59 8.66 9.08

HDFC Liquid Fund 17.40 0.00 13.85 0.00 68.75 0.00 16996.14 0.08 0.06 8.29 8.35 8.58 8.68 9.11

ICICI Prudential Liquid Plan Reg 36.32 0.00 8.72 0.41 54.55 0.00 23932.05 0.11 1.10 7.34 7.36 7.62 7.71 8.15

ICICI Prudential Money Market Fund Reg 12.28 0.00 11.89 1.49 74.34 0.00 6721.12 0.08 0.95 7.48 7.52 7.77 7.88 8.20

IDFC Cash Fund - Regular Plan 27.13 0.00 -5.14 0.00 78.01 0.00 9720.51 0.10 1.20 7.83 7.68 8.04 8.22 8.61

JP Morgan India Liquid Retail 0.00 0.00 13.79 0.00 83.36 2.85 5228.19 0.07 0.47 8.25 8.21 8.34 8.46 8.87

Kotak Liquid - Regular Plan 15.55 0.00 14.78 0.00 69.67 0.00 7434.69 0.10 0.75 7.78 7.56 7.65 7.76 8.15

Pramerica Liquid Fund 0.00 0.00 18.70 1.20 80.10 0.00 1238.83 0.08 0.10 8.43 8.42 8.64 8.74 9.10

Reliance Liquidity Fund 14.82 0.00 -0.77 0.00 84.40 1.55 4817.83 0.10 0.12 8.24 8.33 8.56 8.66 9.08

Religare Invesco Liquid Fund 0.47 0.00 11.31 0.86 86.75 0.61 8099.68 0.08 1.45 7.03 7.09 7.28 7.37 7.75

Tata Liquid Fund - Retail Investment Plan 21.58 0.00 -0.89 0.00 79.31 0.00 2765.44 0.10 1.00 7.52 7.55 7.79 7.96 8.45

Taurus Liquid 0.12 0.00 22.23 0.00 77.65 0.00 3678.22 0.03 1.25 7.71 7.70 7.89 7.97 8.36

UTI Liquid Cash Fund - Regular Plan 12.22 0.00 20.71 0.34 66.73 0.00 17567.38 0.07 0.09 7.59 7.69 7.92 8.01 8.41

Sourc

e :-

ww

w.m

utu

alfu

ndsi

ndia

.com

January 2015


Sov. Others Cash Corpus Avt. Expense Simple Annualized CA*

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


11

Debt Gilt: Short-term

Debt Gilt: Medium & Long-termas on

Nov 2014Return(%)

Portfolio as on Nov 30, 2014 & Return as on 31st Dec 2014 *CA : Compound Annualized

Axis Constant Maturity 10 Year 9.53 90.47 0.00 96.73 10.69 0.33 0.73 22.16 21.48 16.37 15.02

Baroda Pioneer Gilt Fund 3.46 96.54 0.00 50.78 12.48 2.50 -3.86 23.43 23.85 16.56 15.14

Birla Sun Life GSF - Long Term Plan 8.51 91.49 0.00 415.08 0.00 1.45 -16.96 28.73 28.94 20.13 17.49

Birla Sun Life Gilt Plus - PF Plan 6.23 93.77 0.00 55.50 0.00 0.43 1.89 18.78 19.39 14.07 12.91

Canara Robeco Gilt PGS 3.02 96.98 0.00 47.51 17.27 1.25 -1.79 27.70 25.86 18.63 16.65

DSP BlackRock GSF Fund 3.87 96.13 0.00 363.72 17.10 1.42 -6.26 24.62 23.64 16.66 14.74

DWS Gilt Fund - Regular Plan 4.64 95.36 0.00 518.03 8.14 0.79 -10.77 20.64 23.10 16.33 14.72

Edelweiss Gilt Fund 28.62 71.38 0.00 0.29 6.42 1.18 5.29 15.34 17.57 13.31 11.34

Franklin India GSF - Composite Plan 3.19 96.81 0.00 80.73 22.51 1.74 -13.77 28.80 28.46 18.85 19.71

Franklin India GSF - Long Term Plan 2.61 97.39 0.00 223.63 24.75 1.71 -10.19 32.16 29.64 19.60 20.20

HDFC Gilt Fund - Long Term Plan 6.30 93.70 0.00 570.30 20.81 0.81 -12.75 30.85 30.38 21.41 18.84

ICICI Prudential Long Term Gilt Reg 3.51 96.49 0.00 960.95 17.75 1.06 0.14 28.97 26.75 19.51 17.78

IDFC GSF Investment Plan A 1.43 98.57 0.00 531.80 17.09 1.37 -11.09 27.68 27.48 19.55 16.28

IDFC GSF Investment Reg 1.43 98.57 0.00 531.80 17.09 1.37 -11.09 27.68 27.48 19.55 16.28

IDFC GSF PF Regular 1.78 98.22 0.00 61.09 18.14 0.75 -9.82 29.94 28.48 20.31 16.96

ING Gilt Fund - PF Dynamic Plan 0.00 100.00 0.00 3.74 11.09 1.54 0.00 0.00 0.00 0.00 0.00

JM G-Sec Fund 8.41 91.59 0.00 12.42 20.11 1.00 -8.70 26.05 25.50 17.70 13.80

Kotak Gilt Investment - Regular Plan 10.80 89.20 0.00 428.07 14.90 2.00 -4.99 23.56 24.21 17.41 16.99

Kotak Gilt Investment PF and Trust Plan 10.80 89.20 0.00 428.07 14.90 2.00 -4.49 23.85 24.22 17.41 17.01

L&T Gilt Fund - Investment Plan 7.40 92.60 0.00 32.64 13.93 0.50 -5.41 33.95 25.58 18.53 16.06

LIC Nomura MF Govt Sec 7.20 92.80 0.00 37.09 17.40 2.25 -6.43 31.54 26.44 18.14 15.54

Motilal Oswal MOSt 10 Year Gilt 9.01 90.99 0.00 26.92 9.04 0.99 1.10 19.60 18.61 15.11 12.87

Principal Government Securities Fund 2.21 97.79 0.00 43.45 12.98 1.50 -4.45 25.35 25.06 18.75 15.44

Reliance Gilt Securities Fund 2.81 97.19 0.00 483.70 16.92 1.69 -10.76 29.87 28.64 20.40 18.43

Religare Invesco Gilt Fund - Longer Duration Plan 3.10 96.90 0.00 24.93 20.73 2.16 -8.55 30.10 25.04 16.44 17.02

SBI Magnum Gilt Fund - Long Term Plan 4.20 95.80 0.00 329.53 19.96 0.93 -6.84 34.91 31.58 22.66 19.67

Tata Gilt Securities Fund - High Investment Plan 4.92 95.08 0.00 77.58 12.52 1.60 2.68 27.96 26.09 18.99 18.06

Tata Gilt Mid Term Fund - Plan A 3.29 96.71 0.00 88.15 9.88 1.10 -0.11 21.58 23.31 17.24 16.11

Tata Gilt Retirement Plan (28-02-25) 4.92 95.08 0.00 77.58 12.52 1.60 2.68 27.96 26.09 18.99 18.10

Tata Gilt Securities Fund - Plan A 4.92 95.08 0.00 77.58 12.52 1.95 2.32 27.60 25.72 18.58 17.64

Taurus Gilt Fund 0.00 100.00 0.00 0.07 0.00 1.44 0.00 0.00 0.00 0.00 0.00

UTI Gilt Advantage LT 3.53 96.47 0.00 188.10 24.31 1.23 -16.92 30.81 32.16 22.13 19.59

UTI Gilt Advantage LT - Provident Fund 3.53 96.47 0.00 188.10 24.31 1.23 -16.91 30.81 32.16 22.13 19.59

Birla Sun Life Gilt Plus - Liquid Plan 100.00 0.00 0.00 15.70 0.00 0.48 7.50 6.52 7.05 7.55 8.05

Birla Sun Life GSF Short-term 100.00 0.00 0.00 0.69 0.00 0.20 7.43 7.34 7.28 7.54 7.77

Canara Robeco Gilt Advantage Reg 100.00 0.00 0.00 0.93 0.01 1.00 7.12 7.10 6.97 7.14 7.47

DSP BlackRock Treasury Bill Fund 1.61 98.39 0.00 91.26 0.69 0.60 8.22 8.06 8.32 8.11 8.28

HDFC Gilt Fund - Short Term Plan 22.74 77.26 0.00 7.23 2.63 0.52 7.11 11.47 11.58 10.00 10.43

ICICI Prudential Short Term Gilt Reg 13.68 86.32 0.00 99.61 2.88 0.55 1.80 11.92 13.48 11.22 11.59

ICICI Prudential Gilt Treasury PF Reg 2.74 97.26 0.00 45.77 0.40 0.57 6.76 -16.37 -1.43 2.98 0.32

Religare Invesco Gilt Fund - Short Duration Plan 79.83 20.17 0.00 3.08 2.75 0.55 5.53 11.27 10.29 9.33 9.02

SBI Magnum Gilt Fund - Short Term Plan 70.64 29.36 0.00 52.13 2.84 0.95 5.88 23.89 17.95 13.69 12.62

Sundaram Gilt Fund - Regular Plan -4.03 104.03 0.00 34.62 9.23 2.00 1.61 18.19 18.31 14.03 11.76

Tata Gilt Short Maturity Fund - Plan A 34.39 65.61 0.00 29.87 3.41 1.60 10.17 11.25 12.56 10.51 10.86

UTI G-Sec Fund - Short Term Plan 49.36 50.64 0.00 19.15 0.03 0.58 8.07 8.01 8.18 8.21 8.30

January 2015

So

urc

e :-

ww

w.m

utu

alfu

nd

sin

dia

.co

m

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

SPA ComTrade Pvt. Ltd.

Member-National Commodity Exchange of India Ltd.

FMC Reg. No. - NCDEX/TCM/CORP/0714

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

Jaipur

Kolkata

Noida

Patna

Agra

Bangalore

Chandigarh

Chennai

Hyderabad

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

SEBI Registered Portfolio Manager

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

USE (CD) INE271178234, OCTEI: INB200891838

CDSL:IN-DP-CDSL485-2008, NSDL:IN-DP-NSDL-316-2009

PMS:SEBI Regn. No. INP000003179

January 2015

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

CONTACT US

monthly update january 2015 -...

Documents