november 2016 newsletter softcopy - vishal merchant · your sip, can help you achieve larger goals....

Mutual funds can help investors create wealth over the long term powered with disciplined savings and patience in the right asset class. Equity mutual funds have been able to outperform all other classes of investment over a long period of time. Let's say you had invested R 1,00,000 in a fixed deposit 15 years back at an interest rate of 8% (half yearly compounding), it would be worth R 3,24,340* today. If you had invested the same amount in a diversified equity mutual fund, it would have been worth R 22,12,423* today, i.e. almost 7 times more than what you got in the Fixed Deposit. (* % returns in diversified equity schemes is 22.93% for 15 years: Source NJ Research)

Investing in Mutual Funds has become convenient and simpler with Systematic Investment Plan (SIP) option. SIP is a tool which enables us fulfill our dreams comfortably. SIP is a disciplined approach towards investing in mutual funds. Apart from being a disciplined & convenient approach to investing, SIP enables the investor to benefit from Compounding & Averaging. So, those investors, who started believing in mutual funds, they gave it a shot with small SIPs, they started SIPs in the last 4-5 yrs to experiment as they were doing it for the first time. But the irony is, even after their incomes have increased, the SIP amounts are still the same. Neither have the number of SIPs increased nor their contributions. Their SIPs performed well over the years and have helped them get closer to their goals while creating wealth. With an increase in income, the savings should increase, and ideally this will lead to a proportional increase in investments. It means that you can target for bigger goals, with your present income. A right increase in your SIP, can help you achieve larger goals. Let us see what a small difference can

make to your wealth. Ram started an SIP of R 5,000, 5 years back in a diversified equity fund. His investment's worth today is R 488,149*, against his investment value of R 3,00,000. Shyam stretched his savings a bit and started an SIP of R 10,000 in the same fund at the same time. The value of his investment today is R 9,76,298*, against his investment value of R 6,00,000. The pains of saving extra R 5,000 monthly by Shyam is today greatly outmatched & compensated by almost R 5 Lacs of extra wealth he managed to create over Ram.(*% SIP returns in diversified equity schemes is 19.55% for 5 years: Source NJ Research)You must also periodically review your goals and your income. You may now want to go for an international vacation, while your previous goal was a trip to Kerala. Or, you had started an SIP for your son's education, but now you have a daughter too. So, in order to meet higher goals and invest the extra savings, you must increase your SIP's periodically. You shall start a new SIP for your daughter's education, as it is a new goal, and the maturity date would be different and you can increase the value of the SIP for your

vacation. Today you might not be able to afford a larger SIP for your retirement, because of higher expenses and other commitments . Your retirement is due 20 years hence and you may want to have a huge corpus created at that time. You shall explain your requirements to your financial advisor & he will help you find your optimum SIP value which will help you in achieving your goal. He will guide you and will suggest a smaller SIP, in case you don't want to go for a higher SIP currently, so you can make the start and as and when you move ahead in life, with higher incomes, he will help you in gradually increasing your SIP amount. You will also be meeting your other life goals with time, and the amount used in SIP's aimed at achieving these goals can also be directed towards your retirement goal.The masterplan to long term wealth creation and actualization of distant goals is 'Increase your SIP regularly'. If you do more SIP today, probably you can retire earlier and buy a bigger house than expected and go for a Europe trip rather than South Asia. At the end of the day it is your money, in case of troubles you

TIME TOINCREASEYOUR SIP

“If you want to make big money, go for a large number of smalls”

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NOVEMBER 2016

tu rn savers in to inves to rs

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can always redeem it or stop the SIP, till such time, it makes more sense to increase your SIP for future rather than upgrading to an I phone 7.So, the bottomline is although your present SIPs will help you achieve your present goals. But your saving will increase with increase in your income each year and it should be invested and

secondly, the quantity and quality of your goals will also change, which will require more and higher SIPs. You must contact your advisor and ask him to review your goals and help you decide the right SIP amount for you. The review should be done periodically, so that you don't lose track. Increasing your SIP is not a hectic task, but it is very important and should

not be ignored. It is as easy as shopping on an App, you just have to go to the NJ App, and do the needful.

Pen down your goalsWe do remember what is important for us, what do we want to achieve at the back of our minds, yet it is prudent to write down your goals along with the target date. Writing down your goals will remind you constantly that you have to work hard to achieve them, you can go on check marking the ones you've accomplished. You can review the list to track your status and edit them as per your requirements. So, whatever short and long term goals you have set for yourself, just write them down irrespective of how and when you'll achieve them. “Written goals have a way of transforming wishes into wants; cant's into cans; dreams into plans; and plans into reality” ~ Michael KordaStep by stepIf you are the one who is averse to investments, try your luck with investing for one short term goal. Start with a small step - you may go for a one year debt mutual fund to actualise your dream of

going for a vacation with your wife, the one which you have been postponing for dearth of money. After one year, when you get the first hand experience, you will not be hesitant but an eager investor. The contentment of achieving one goal will help you in setting and working for the next goal. The joy which you will imbibe from this vacation will motivate you to invest for your next goal, and this motivation will set you on track.Challenge yourselfIf you feel you may not be able to conserve money from your income, to provide for your investments, “Challenge Yourself”. Your income is limited and you have a lavish lifestyle. Due to maintenance of your standard of living, you have not been able to own a house and it is your dream to have your own house. However, you feel setting a goal to buy a house is of no point since you will not be able to achieve it. It is only you who can help yourself at this point. Provoke yourself, start with a short period, say a

month, develop a conviction that you will not waste money in parties, fine dines and shopping, and for this month you will limit your expenses to necessities only. After a month, when you see the extra money, you'll realize that your dream can be actualized. And at that point, the goal of buying a house occupies a place in your mission list.Process drivenMake a list of short and long term goals. Break down your longer term goals into short term goals. Let's say you want to leave certain assets for your kids to inherit. This is a very long term goal. But before that you must provide for their education, marriage etc, these are relatively shorter goals which also in a way form a part of the former. Or you may want to be debt free five years down the line, paying off your credit card debt is a short term goal and is a part of your long term goal. Achieving your short term goals one by one will set you on the path to reach your long term objectives.

MAKEEXCITINGGOALS

“Set your goals high and don't stop till you get there”~ Bo Jackson

There is a strong correlation between your investments and your goals. To make life simple, every goal must have an investment attached to it. To justify its presence, the investment must qualify in two tests viz. it must mature at the time of attainment of the goal and the maturity value of the investment must be adequate to meet the goal. We have spoken a lot about the investment options that are available and how they can be customised according to your goals. Today we would talk about the latter, i.e. the basis of investments “your goals”.Most people do not invest because of lack of excitement to achieve or lack of knowledge. “Plan for your retirement” may not excite you, but “Having R5 crore at the time you retire” or “Getting R50,000 a month even after retirement” would definitely excite you. It's just a matter of choosing the right set of words. You have to make your goals simple and exciting and your financial advisor will take care of the need for knowledge.Personal finance, saving and investments are terms which might scare you off, but a little modification in your perception and presentation of these terms can make things smoother to understand and apply. As a part of the simplification process, you must make your goals exciting, as the thrill will motivate you to invest for them and work to achieve them. Following are a few key points which can help you make your goals exciting:

AchievableThe goals that you set for yourself must be exciting but attainable, else they will loose their charm. If today, you are hardly able to make both ends meet, you have other important objectives to fulfill, like your children's education, owing a house and you set a goal of owning a BMW after five years. You are most likely not achieving this goal. So, by exciting we mean goals which are thrilling and realizable.Now, keeping these points in mind, once you are through with setting your goals, approach your financial advisor, who will help you in prioritizing your goals, allocating budgets and developing a portfolio to help you achieve your goals.

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Mahesh has over 20 years of experience in fund management, equity research and corporate finance. Prior to joining BSLAMC, he has worked with Reliance Infocom Ltd. in Business Strategy.

Mr. Mahesh PatilCo - Chief Investment Officer, Investments – Equity

FUND MANAGER INTERVIEWS

Q. What is your understanding of the current economic situation in the country? Do you feel the markets have rightly valued the earnings and growth premium at present levels and is there any scope for further uptick from here?Answer: The slow progress in the process of Britain's exit from EU even after more than two and half months of referendum and benign trajectory of the Fed rate hike would keep investor's interest in risk assets .The calm in the global markets is good for EMs. As the currencies got reset and became competitive in the past two years and as the government capex pursued in most countries, growth in EMs could be back. Hence there is interest from global investors .The support provided by central banks would remain. Recently, the ECB has maintained status quo on its EUR 80 bn monthly purchases and BoE extended its QE program by GBP 60 bn to GBP 435 bn recently. BoJ is continuing with its asset purchase program .Risks from global markets exists. Some of the risks are the spike up in bond yields, cut in supply by OPEC leading to sharp increase in Oil price, currency action by China, unfavorable election result in US etc.Things are looking up domestically. Monsoon is marginally in deficit for the season but sowing has picked up. This will bring down food and vegetable prices and also help in rural economy pick up. Valuations seem above fair value compared to history. However, considering change in index constituents towards more secular growth sectors and revival in earnings from the subdued state now, there is scope for returns in the markets.We expect EPS growth of 14-15% for Nifty companies for next three years. Similar range of returns may be expected from the markets. We believe that there is room for further upside if one were to look at average capacity utilization which is currently at multi-year lows. Over the next two to three years, we believe that increase in capacity utilization would help in top-line growth.Hence we continue to remain bullish on the recovery in the domestic economy and are well positioned to benefit from an expected up-tick in the consumption story owing to good monsoon and pay hikes for government employees. Some select themes that we are participating that would benefit the portfolios are Discretionary Consumption, Private banks, Cement and NBFCs

Q. Can you explain to our readers the corelation between interest rates and the GDP growth rates in India? How do you see the interest rates impacting the corporate earnings in near future?Answer: The recently concluded monetary policy was arguably the most awaited event of the month gone by. As this was the first policy by the newly elected RBI governor and the monetary policy committee (MPC), there was an understandable clout of ambiguity around it, clearing through which the MPC in an unanimous vote decided to cut repo rate by 25bps, bringing it down to 6.25%. As far as the liquidity stance is concerned, the assurance to bring liquidity deficit down closer to neutral was retained. We had previously argued that the pulses driven food inflation concerns are transitory in nature and would diminish with an improved supply response in the offing. The moderation in August Consumer Price Index (CPI) inflation print, down to 5.05% (from 6.07% in July) was the first glimpse of it. Since the amendments to the RBI act recently, inflation has become the central target for monetary policy. On its part the government has formalized the medium term inflation target at 4% (with a +/- 2% tolerance range).We expect CPI headline inflation to moderate to ~4.5% in upcoming months. As far as the trajectory of inflation in the future is concerned, we think the disinflationary momentum is secured and food inflation is likely to behave well, in line with RBI's anticipated trajectory. Post this policy, we think that there is a high chance of one more rate cut in this fiscal year, especially in the backdrop of revision of the real rate interval down from 1.5-2% to 1.25-1.5% now.Growth-The continued weakness in the lumpy segment of insulated rubber cable in the capital goods category, led to a de-growth in Index of Industrial Production (IIP) for July'16. But, as we have highlighted in the past, we would like to look at this number excluding the insulated rubber cable, and there the underlying growth remained steady at about 3.5%. Purchasing Manager's Index (PMI) manufacturing and PMI services for September saw some shedding of steep gains in August, but continued to expand. The core IIP sector growth for Aug'16 saw good growth on account of sharp increase in steel production. Going forward as a lot of high frequency indicators are suggesting robust consumption growth, we think this along with

normal monsoon driven improved rural sentiment should result in better growth for this fiscal versus last. Although the macroeconomic data remained weak for the month especially with the increase in inflation and lower than expected GDP data, good monsoons after 2 years of drought will provide respite to food inflation and strengthen rural demand which may increase productivity and push economy to grow at a healthy rate.External equation- The moderation in trade deficit continued, with similar underlying drivers. The Current account deficit (CAD) for Q1FY17 came in at a meager 0.3bn$, strengthening our case for a sub 5bn$ CAD for FY17. The persistent decline in gold imports and composition of non oil, non gold imports is on our radar as we assess the domestic activity impulse and the new found stress on uncovering black money. The voluntary income declaration scheme is expected to add ~15000cr to the government's exchequer in the current fiscal, thus addressing the looming fiscal concerns right now. (Source: Bloomberg)Over the years it has been observed that stock prices have a better chance of growing when earnings growth has enough headway to grow. We are of the view that in terms of earnings, the worst is behind us and owing to the pickup in operating leverage in the economy; a good traction in earnings is likely to be seen over FY17 and FY18. Consequently, market returns too are likely to be close to earnings growth over the next two to three years.Q. Between the large cap and the mid cap space, where do you see more value and buying opportunities?Answer: The month of September was a news heavy month globally as well as domestically. The large cap index – Nifty 50 was down 2% breaking the six month streak of positive returns which has happened thrice in past 10 years. The Nifty Midcap 100 (NSE CNX Midcap Index) continued to outperform its large cap peer clocking a return of 0.3% for the month, a positive return for the seventh month in a row. The small cap index (NSE Nifty Small Cap 100) also outperformed the large cap index but was down 0.6% for the month. Clearly the small & midcaps continue to be in the sweet spot.From a view stand point, we believe equity may face headwinds in the short term however our long term thesis remains intact. Currently the midcap valuations look expensive hence exposure to large cap companies is advisable.

Q.The banking sector has been under pressure for quite some time now due to NPAs. Do you see any signs of the situation improving and how do you think the sector will perform from here on?Answer: The Reserve Bank of India (RBI) in April 2015 started an asset quality review with a view to clean up balance sheets of banks. This has resulted in mounting losses for the banking sector. Banks had started classifying stressed assets, which resulted in an increase in provisioning. Non-performing assets (NPAs) at Indian banks jumped to 7.6% of their total assets in March 2016, up from 5.1% six months ago, according to the Reserve Bank of India's (RBI) Financial Stability Report (FSR) released on June 28.RBI has set a deadline of March 2017 by which time it expects banks to recognize stressed assets and make adequate provisions to cover them. Almost all public sector banks were impacted, while the impact in the private sector was limited to biggies such as ICICI Bank and Axis Bank. HDFC Bank – the second-largest private sector lender – emerged safe from the crisis as its exposure to big-ticket infrastructure projects was relatively small.Banking sector continues to showcase divergent performance with private banks delivering 20-30 per cent PAT growth while PSU banks continue reeling under NPA(Non Performing Assets) pressure. RBI asset quality review has revealed the perturbing reality about the stress in PSU bank's balance sheet. However, it is noteworthy that even post such large additions to stressed assets, some of the managements have been guiding that stress may continue for some more while which makes us cautious as Q2FY17 results are nearby. PSU banks will see traction in the next 2-3 years. However, the better bets currently would be private banks. Structurally, Private banks shall continue to grab the credit market share. These banks continued to grow their credit, NII and PAT at healthy pace of 20-30 per cent in Q1FY17. Asset quality of these private banks which have retail credit exposure and working capital corporate credit continue to deliver stable asset quality. HDFC Bank, Indusind Bank, Kotak Mahindra and Yes bank have reported strong results with stable asset quality. Any correction in good quality private banks shall be used as an opportunity to accumulate these stocks. Among NBFCs, we prefer Mortgage finance and Consumer finance companies considering their steady growth and stable asset quality.

Amidst all volatility in the banking industry,Birla Sun Life Banking & Financial Services Fund has delivered consistently & it continues to stand out among all its peers and benchmark index and generated superior returns for the investors. As a sector fund, the portfolio will invest in companies engaged in Banking and Financial Services. Investment universe considered for the fund is Banks as well as Non-banking Financial Services companies, Insurance companies, Rating agencies, Broking companies, Microfinance companies, Housing Finance, Wealth Management, etc which is also unique to this fund compared to its peers. The investment team also looks at IPOs of companies which are classified under the Financial Services sector as opportunities depending upon the underlying fundamentals and prevailing market conditions. The fund's strategy has been highly favoured towards companies operating in the retail lending sector (private banks & NBFCs catering to retail consumers).Q. For a retail investor looking to invest fresh in equities, what would be your advice at this point of time?Answer: We believe that equities could face headwinds in the near term only due to global developments like US elections, Brexit or European Banking issues. However, the mid & long term view remains bullish. For those who are new to the market and are taking exposure to equity as an asset class via mutual fund can consider SIP route. On the other hand, an evolved investor can consider investing in pure equity fund as we believe there will be opportunities to make decent returns from global risk-off events. We maintain that the midcaps are trading at record valuations and are at a steep premium to large caps. So, exposure to large caps and rebalancing portfolios towards large caps is appropriate. We would suggest investors to invest in our Large cap funds, Diversified Equity and Balanced fund.In conclusion, we believe that India is on the edge of an economic upturn. Stock markets along with companies can gain from this growth story. Some of the key funds of Birla MF that can be considered are :BSL Front Line Equity Fund and BSL Top 100 Fund – Large Cap FundsThe fund house remains bullish on few select themes such as consumer discretionary, recovery in rural economy (owing to implementation of 7th Pay commission and a better than expected monsoon) and

infrastructure (owing to government's focus on infra development) Muthoot Finance, ICI India and Crompton Greaves Consumer Electrical were the unique picks for BSL FEF whereas Indian Oil Corp, Bajaj Finserv, Federal Bank and IDFC Bank were the unique picks for BSL Top 100 Fund during the month.BSL Balanced'95 Fund – Balanced FundOur investment approach continues to prefer private sector banks and NBFCs. Tata Motors, Maruti Suzuki, Indian Oil Corporation, Sun TV and HDFC Bank were the top contributors to the fund during the month. We continue to remain bullish on the recovery in the domestic economy and are well positioned to benefit from an expected uptick in the consumption story owing to good monsoon and pay hikes for government employees.BSL Advantage Fund- Diversified FundThe fund intends to focus on Consumption theme, NBFCS and Cement. Reasons being consistent urban demand along with expected pickup in rural demand, lowering interest rates supported by credit offtake and government's focus on infrastructure spending respectively Fund's bottom stock picking approach has helped in smart skipping stocks such as TCS, ITC Ltd, Wipro, Bharti Airtel and Tech Mahindra. It continues to build on a portfolio of high conviction stocks that are geared to benefit from the changing business cyclesQ. How is your fund house playing the current markets? What has been your strategy for holding cash and finding investment opportunities at present levels?Answer: Currently we are overweighed on NBFCs, Pvt Banks, Consumer Discretionary & building up position in Pharma. Our strategy is to go stock specific ,while trying to analyze the tailwinds in the form of 7th Pay Commission, good monsoon, improving earnings, Strong macroeconomic indicators & stable and progressive political regime at the Centre.Cash Position depends on mandate of Fund & comfort of the Fund Manager. While intention is to be fully invested and keep a low cash component ,sufficient enough to meet redemption requirements, currently the cash position of few funds are slightly higher than normal, i.e. ~8%.Increase in cash component in the funds has been mainly due to strong inflows witnessed in the last few months. Owing to rich valuations prevailing in the market, the fund will selectively deploy cash on opportunities available dip in the market.

Disclaimers: The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. Cer tain factual and statistical information (historical as well as projected) pertaining to Industry and markets have been obtained from independent third-party sources, which are deemed to be reliable. It may be noted that since RNLAM has not independently verified the accuracy or authenticity of such information or data, or for that matter the reasonableness of the assumptions upon which such data and information has been processed or arrived at; RNLAM does not in any manner assures the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials may reflect RNLAM's views or opinions, which in turn may have been formed on the basis

of such data or information.The Sponsor, the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible.This information is not intended to be an offer or solicitation for the purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the readers are advised to seek independent professional advice, verify the contents in order to arrive at an

informed investment decision.None of the Sponsor, the Investment Manager, the Trustee, their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material.The Sponsor, the Investment Manager, the Trustee, any of their respective directors, employees including the fund managers, affiliates, representatives including persons involved in the preparation or issuance of this material may from time to time, have long or shor t positions in, and buy or sell the securities thereof, of company(ies) / specific economic sectors mentioned herein, subject to compliance with the applicable laws and policies.Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

MF NEWS

Axis Equity Fund - Gr Axis Focused 25 Fund - Gr Axis MidCap Fund - Gr Baroda Pioneer Growth Fund - GrBirla Sun Life Advantage Fund Gr Birla Sun Life Dividend Yield Plus - Growth Birla Sun Life Equity Fund - Gr Birla Sun Life Frontline Equity Fund - Gr Birla Sun Life India GenNext Fund - Gr Birla Sun Life India Opportunities Fund - Gr Birla Sun Life Midcap Fund - Gr Birla Sun Life MNC Fund Gr Birla Sun Life Pure Value Fund - Gr Birla Sun Life Small and Midcap Fund - Gr Birla Sun Life Special Situations Fund - Gr Birla Sun Life Top 100 Fund - Gr BNP Paribas Dividend Yield Fund- Gr BNP Paribas Equity Fund - Gr BNP Paribas Midcap Fund - Gr BOI AXA Equity Fund - Regular Plan Gr Canara Robeco Emerging Equities Fund - Gr Canara Robeco Equity Diversified - Gr Canara Robeco F.O.R.C.E. Fund - Regular Gr Canara Robeco Large Cap Plus Fund - Gr DHFL Pramerica Large Cap Fund - Gr DHFL Pramerica Midcap Opportunities Fund - Gr DSP BlackRock Equity Fund - Reg. Plan - Div DSP BlackRock Focus 25 Fund - Gr DSP BlackRock Micro Cap Fund - Gr DSP BlackRock Opportunities Fund - Gr DSP BlackRock Small and Mid Cap - Reg Gr DSP BlackRock Top 100 Equity Fund Gr Edelweiss Div. Growth Equity Top 100 Fund - Gr Edelweiss Emerging Leaders Fund - Gr Edelweiss Prudent Advantage Fund Plan A - Gr Escorts Growth Plan G Franklin India Bluechip Fund Gr Franklin India Flexi Cap Fund - Gr Franklin India High Growth Companies Fund - Gr Franklin India Opportunities Fund-Gr Franklin India Prima Fund Gr Franklin India Prima Plus Gr Franklin India Smaller Companies Fund - Gr Goldman Sachs India Equity Fund - Gr HDFC Capital Builder-Gr HDFC Core and Satellite Fund - Gr HDFC Equity Fund - Div HDFC Growth Fund Gr HDFC Large Cap Fund - Gr HDFC Mid Cap Opportunities Fund - Gr HDFC Premier Multi-Cap Fund - Gr HDFC Small and Mid Cap Fund - Gr HDFC Top 200 Fund - Div HSBC Dividend Yield Equity Fund - Gr HSBC Dynamic Fund - Gr HSBC Equity Fund - Gr HSBC India Opportunities Fund - Gr HSBC Midcap Equity Fund - Gr ICICI Prudential Dynamic Plan - Gr ICICI Prudential Exports and Other Services Fund - Gr ICICI Prudential Focused Bluechip Equity Fund - Gr ICICI Prudential MidCap Fund - Gr ICICI Prudential Multicap Fund - Gr ICICI Prudential Select Large Cap Fund - Retail Gr ICICI Prudential Top 100 Fund - Gr ICICI Prudential Value Discovery Fund Gr IDFC Classic Equity Fund - Regular Plan - Gr IDFC Equity Fund - Regular Plan - Gr IDFC Imperial Equity Fund - Regular Plan - Gr IDFC Premier Equity Fund - Regular Plan - Gr IDFC Sterling Equity Fund - Regular Gr Indiabulls Blue Chip Fund - Gr Invesco India Business Leaders Fund - Gr Invesco India Contra Fund - Gr Invesco India Dynamic Equity Fund - Gr Invesco India Growth Fund - Gr Invesco India Mid N Small Cap Fund - Gr Invesco India Midcap Fund - Gr JM Equity Fund Growth Option JM Multi Strategy Fund - Growth Option JP Morgan India Equity Fund - Gr JP Morgan India Mid and Small Cap Fund - Gr Kotak 50 Equity Scheme Div Kotak Classic Equity Fund - Gr Kotak Emerging Equity Scheme - Gr Kotak Midcap - Gr Kotak Opportunities Fund - Gr Kotak Select Focus Fund - Gr L&T Business Cycles Fund - Gr L&T Emerging Businesses Fund - Gr L&T Equity Fund - Gr L&T India Large Cap Fund - Gr L&T India Special Situations Fund - Gr L&T India Value Fund - Gr L&T Midcap Fund - Gr LIC MF Equity Fund Gr LIC MF Growth Fund Gr

14.7430.0321.2127.1538.4026.8144.6226.4336.327.09

38.2010.7142.2748.1340.6625.4525.0615.3929.6423.0437.6722.4135.9924.4817.0926.5533.6128.8648.5437.3045.4530.6520.0346.7617.7620.2519.8918.5827.1025.5935.2322.0038.2820.7328.1424.6933.3929.1519.3241.5725.5934.4330.6527.8816.8728.0530.9837.0727.3513.7124.6734.2334.1826.7729.7121.5832.9221.2020.7721.1033.7628.1919.2628.0218.3621.4628.9530.1313.1239.1420.8432.1518.6624.1341.8339.8233.5331.6833.2950.6124.4921.2826.7338.3042.0818.0121.25

9.9416.8517.4314.3123.9313.6023.7015.8223.3214.5226.5521.0528.3030.8524.0515.3916.7512.7323.9111.7430.0610.9620.6812.2912.2615.9317.6718.1438.8121.3428.6814.0412.3425.5312.6319.5113.2615.2620.3217.5226.5017.9530.0516.7717.2914.8814.7014.577.55

27.0412.2021.2013.3013.349.43

12.6417.2626.7913.4416.0713.6123.0119.8912.7514.2718.9316.098.548.29

17.7218.6614.0613.5919.8711.4114.2721.5922.529.49

19.1413.7425.4113.6511.9530.8627.8219.4920.47

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14.6912.5715.7427.2928.957.57

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22.4415.6124.4914.7824.2418.4223.3721.2625.8625.0729.9728.9123.4718.4318.8216.5026.8813.9931.4813.5120.3613.8815.11

- 18.0818.5137.0821.3227.9014.5415.1325.1513.9021.1414.7518.7424.3819.2228.5020.1733.21

- 19.5216.0817.0114.7510.1728.2714.1421.5315.2714.3310.2913.5219.3027.5316.4624.9716.0826.3020.8515.0416.4423.6116.0211.0210.1421.1919.96

- 15.7621.8914.8817.1225.5325.5312.5119.3515.8328.1015.4814.3329.5926.7219.9121.86

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- 11.4916.0712.8815.9120.3015.6023.5917.3227.08

- 16.4112.5814.2312.478.6724.0311.2717.3313.0011.628.4911.0716.1820.0114.4621.6714.5120.6517.0712.9914.5420.4612.879.798.4718.8417.13

- 13.3317.6812.9714.6522.2221.7710.0114.2413.5223.3113.1012.4323.4721.5316.3118.20

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12.2112.13

- 18.4814.85

- - -

14.23-

15.05-

20.238.7210.64

- - -

12.6015.3014.4516.5816.49

- 13.8818.3920.88

- - - - -

13.53- - - - - -

12.55-

15.96- -

15.89-

14.15- - -

13.3814.12

- -

13.4819.0716.90

- -

15.9813.0816.0514.079.00

- - -

15.20- -

11.1813.97

- 15.80

- -

16.5215.39

- 14.3320.16

- - - - - - - - - - - -

8.01- - -

13.29- - -

15.70- - - - - - -

19.028.9310.37

SIP RETURN AS ON 31ST OCTOBER 2016

Starting - November Month of

Years

Invested Amount :

Schemes (Diversified Equity)

2015

1

1,20,000

2013

3

3,60,000

2011

5

6,00,000

Returns % - CAGR

2009

7

8,40,000

2006

10

12,00,000

2004

12

14,40,000

MF assets base hits fresh high of ` 16.3L crore in October

Mutual fund industry's asset base rose to an all-time high of ` 16.3 lakh crore at the end of October, helped by strong inflow in income and equity segments. The industry, comprising 42 active players, had an average assets under management of over ` 15.8 lakh crore at September-end as against ` 16.28 lakh crore in October, the latest data of the Association of Mutual Funds in India (AMFI) showed. The previous high was ` 16.11 lakh crore at the end of July-September quarter. Industry experts attributed the monthly rise in assets base to inflow in income and equity categories. Besides, buoyant investor sentiment also helped in the growth of the assets under management. Overall inflow in mutual fund schemes stood at ` 32,334 crore at the end of last month compared to ` 16,071 crore at September-end. Of this, income funds, which invests in a combination of government securities, saw an inflow of ` 52,125 crore, while equity and equity-linked saving schemes witnessed an infusion of ` 9,394 crore.

MFs pump in ` 1.78 lakh cr in debt markets in Apr-Oct

Mutual fund managers have pumped in over ` 1.78 lakh crore in debt market during the April-October period of the current financial year, primarily on account of strong participation from retail investors. Besides, they invested a net ` 21,000 crore in equity markets during the period under review. Industry experts attributed the inflows to increased participation from retail investors and positive sentiment that was boosted after long-stalled GST Constitution Amendment Bill was passed in Parliament in August this year.

FDI jumps 77.5% to $5.15 billion in September

With the government relaxing FDI policy and taking steps to improve ease of doing business, the Foreign Direct Investment in the country increased by 77.5 per cent to $5.15 billion in September this year. In September 2015, the FDI had stood at $2.9 billion, according to the data of the Department of Industrial Policy and Promotion (DIPP). During April-September period of this fiscal, FDI in the country grew by 30 per cent to $21.62 billion as compared to $16.63 billion in the same period last year.

IMF supports India currency steps to fight corruption

The International Monetary Fund (IMF) said it supports India's efforts to fight corruption through the currency control measures announced this week, but stressed taking care to minimise disruptions in the economy. Indian banks reopened on Thursday for the first time since the government's decision to withdraw the two largest denomination notes from circulation in a shock move designed to tackle widespread corruption and tax evasion.

Manufacturing activity growth at 22-month high

Growth in India's manufacturing activity touched a 22-month high in October with a stronger rise in new orders as well as output, the widely tracked Nikkei India Manufacturing Purchasing Managers’ Index showed. After falling to 52.1 in September, PMI rose to 54.4 in October. The 50 point mark separates expansion from contraction. The latest reading was indicative of a robust improvement in manufacturing business conditions that was in line with the long-run series average, the survey said. Once again, consumer goods producers outperformed their intermediate and investment goods counterparts, registering

stronger rates of expansion for both output and new orders.

WPI inflation down to 3-month low of 3.57% in September

The wholesale price index (WPI) based inflation declined to a three-month low of 3.57 per cent in September, from 3.74 per cent in the previous month as food inflation fell sharply by 2.48 percentage points. The trend is in alignment with consumer price index-based inflation, which fell to a 13-month low of 4.31 per cent in September and gave a lead indication that the rate of retail price rise may come down further in coming months. Wholesale food prices last month rose 5.75 per cent year-on-year, compared with a provisional 8.23 per cent gain in August.

September retail inflation at 13-month low to 4.31%

Consumer Price Index-based inflation (CPI) for the month of September fell to 4.31 percent, the lowest in 13 months, on back of a fall in food inflation, especially that of pulses and vegetables. The drop justifies the Reserve Bank of India’s decision to cut key interest rates earlier this month and raising expectations of another rate cut. CPI inflation for the previous month was 5.05%, and for September last year was 4.41%. The previous lowest retail inflation rate was the month before that, in August 2015, when the headline number came in at 3.41%.

Direct tax collections till Sept grew 8.95% to ` 3.27 lakh cr: Finance Ministry

Direct tax collections during the six months ended September show that net collections are at `.3.27 lakh crore which is 8.95 per cent more than the net collections for the corresponding period last year. The April-September direct tax collection, which includes corporate and

personal income tax, shows that 38.65 per cent of the Budget Estimate of direct taxes for 2016-17 has been achieved, said a statement from the Central Board of Direct Taxes (CBDT).

Fertiliser sector outlook to be stable in FY'17: ICRA

After two years of poor rainfall, good progress of monsoon and favourable agro-climatic conditions have helped in improved outlook for the fertiliser sector in the second half of this financial year (FY) and is set to remain stable, according to ICRA report. Despite normal monsoons, fertiliser volumes at the manufacturers/traders end fell sharply by 16 per cent year-on-year during 4 months of FY2017 to 14.68 MMT (million metric tonnes). The sharp drop in volumes has been on account of high systemic inventory levels at the beginning of the year. While urea sales fell by 13 per cent, non-urea sales de-grew by 22 per cent in the first four months of FY2017.

India's food packaging industry crosses $50 million mark

Clocking a compounded annual growth rate (CAGR) of around 16%, the packaged food market in India is expected to have crossed the $51.5 million mark in 2015, said a joint study undertaken by the Associated Chambers of Commerce of India (Assocham). In wake of increasing disposable incomes and a growing number of nuclear families, the share of packaged food in the processed food market is expected to increase marginally to around 29% in 2016 from around 28% in 2015, according to the study that was conducted by Assocham and a market research company, TechSci Research.





NEWS UPDATE

46.2631.1728.1636.1636.9235.4442.6836.9027.2714.0230.3314.8125.7235.7240.1518.7624.4043.7923.8020.6824.0326.9526.0624.6121.6133.6528.5525.7738.4529.2454.0638.5114.5046.2820.9823.5844.8910.5119.5727.8218.7436.2317.1222.4239.4124.2120.0823.9619.0120.2619.1833.5412.5521.4621.9128.3654.067.09152

21.3829.9424.7225.7216.4826.1021.3125.5437.0221.9321.2234.8331.4530.2327.7424.7223.8831.0119.3533.3231.8524.9027.3037.0430.5828.8220.7232.6027.4525.6917.5619.9326.6437.0416.48

3214.7117.12

32.6418.7816.36

- -

15.5727.8419.0014.2210.4617.3211.3012.8320.3426.397.47

16.6732.6314.7013.5518.3215.7119.9415.4919.5328.2921.7718.8535.7117.7729.3829.877.53

30.3914.9316.6824.1411.4711.8322.9110.7522.7311.6210.8719.109.22

10.7911.3413.189.85

11.5526.2218.139.99

12.9817.9138.817.47148

18.4715.0019.2220.1514.4114.3112.2115.7321.8014.7017.4116.6514.0216.6417.1615.8017.6517.1613.5019.5217.8913.5214.2119.0317.2918.9313.9018.2520.6313.099.19

11.8816.2321.809.1932

6.227.84

33.3620.93

- - -

15.3729.4121.0416.0513.3218.2016.1815.8920.4627.3510.1818.2834.6617.5715.9920.4216.1820.4316.6823.2631.3522.4921.0535.4317.9625.0929.8410.3929.6716.3818.7223.6516.2614.1325.8812.3824.1315.5013.3718.5312.0413.6212.3716.2612.2413.8729.7521.7812.8215.0019.8137.0810.14143

23.4516.6221.3922.2818.2916.6314.8217.5122.6317.2119.7518.2916.6018.8020.1819.2120.3818.8315.6118.7518.5115.9216.1421.1418.1722.6117.3118.1521.1714.07

- 14.0318.5323.4514.03

319.65

10.61

- 17.99

- - -

12.7223.3217.1113.39

- 15.9115.1812.7916.1821.799.1714.80

- 15.0312.7417.1312.4819.2414.2320.0325.3517.7217.2528.0914.1019.8022.638.6023.7814.4515.6618.7514.6612.3521.2410.0619.1613.1511.5914.69

- 11.6510.6914.5911.7111.9024.1820.1612.2312.9716.3529.268.47133

- 13.2317.7517.6816.4213.4013.1613.8218.5214.8817.3015.5513.8815.8717.2016.5517.4314.4713.2915.0515.5413.0613.1017.3115.8019.2414.7414.6317.7111.69

- 11.8515.3419.2411.69

308.579.31

- - - - -

12.31-

13.8513.38

- 16.4016.3210.6615.15

- -

14.91- -

11.9214.9511.1318.5913.6618.0720.3014.4715.46

- -

16.5419.858.4221.4615.3014.1717.4514.2112.4018.358.9214.85

- 11.1114.29

- 10.5412.2214.36

- 11.4721.4219.8413.6911.9414.7923.078.0095

- 11.6415.1215.3914.07

- 14.3711.76

- -

16.5214.8414.06

- 16.82

- - - -

13.0215.2611.0111.7113.61

- 17.6813.4013.1615.7312.46

- 10.7613.9217.6810.76

218.699.26

- - - - -

11.63-

12.92- - - - -

16.21- - - - -

12.82-

12.5317.8614.7017.90

- -

16.30- - - -

10.1521.41

- 14.4417.6614.5813.4417.369.1613.17

- 12.2114.90

- - -

14.32-

11.96- - - -

14.6021.418.0159

- 11.2314.8415.33

- -

15.51- - -

16.5914.6614.58

- 16.35

- - - - - -

10.3912.1812.82

- -

14.3913.9015.08

- -

10.6313.9016.5910.39

159.94

10.33

SIP RETURN AS ON 31ST OCTOBER 2016


Years

Invested Amount :


2015

1

1,20,000

2013

3

3,60,000

2011

5

6,00,000

Returns % - CAGR

2009

7

8,40,000

2006

10

12,00,000

2004

12

14,40,000

Mirae Asset Emerging Bluechip Fund - Gr Mirae Asset India Opportunities Fund - Gr Motilal Oswal MOSt Focused 25 Fund - Gr Motilal Oswal Most Focused Midcap 30 Fund - Gr Motilal Oswal MOSt Focused Multicap 35 Fund - Gr Principal Dividend Yield Fund - Gr Principal Emerging Bluechip Fund - Gr Principal Growth Fund Gr Principal Large Cap Fund - Gr Principal SMART Equity Fund - Gr Quantum Long Term Equity Fund - Gr Reliance Equity Opportunities Fund - Gr Reliance Focused Large Cap Fund - Gr Reliance Growth Fund Gr Reliance Mid & Small Cap Fund - Gr Reliance Quant Plus Fund - Gr Reliance Regular Savings Fund Equity Plan - Gr Reliance Small Cap Fund - Gr Reliance Top 200 Fund - Gr Reliance Vision Fund Gr SBI Blue Chip Fund - Gr SBI Contra Fund - Regular Div SBI Emerging Businesses Fund - Regular Plan - Gr SBI Magnum Equity Fund - Div SBI Magnum Global Fund - Div SBI Magnum MidCap Fund - Gr SBI Magnum Multicap Fund - Gr SBI Magnum Multiplier Fund - Div SBI Small & Midcap Fund - Gr Sundaram Equity Multiplier Fund - Gr Sundaram Rural India Fund - Gr Sundaram S.M.I.L.E. Fund - Gr Sundaram Select Focus - Gr Sundaram Select MidCap - Gr Tata Dividend Yield Fund - Gr Tata Equity Opportunities Fund - Gr Tata Equity P/E Fund Gr Tata Ethical Fund - Gr Tata Large Cap Fund - Gr Tata Mid Cap Growth Fund - Gr Taurus Bonanza Fund Gr Taurus Discovery Fund - Gr Taurus Ethical Fund - Gr Taurus Starshare Growth Templeton India Growth Fund Gr Union KBC Equity Fund - Gr UTI Bluechip Flexicap Fund - Gr UTI Dividend Yield Fund. - Gr UTI Equity Fund - Div UTI India Lifestyle Fund - Gr UTI Master Share - Div UTI Mid Cap Fund - Gr UTI MNC Fund - Gr UTI Opportunities Fund - Gr UTI Top 100 Fund - Gr Average Return of Above FundsMaximum ReturnMinimum ReturnUniverseELSS / Tax Savings SchemesAxis Long Term Equity Fund - Gr Baroda Pioneer Elss 96 - Div Birla Sun Life Tax Plan - Div Birla Sun Life Tax Relief 96 Fund - Div BNP Paribas Long Term Equity Fund - Gr BOI AXA Tax Advantage Fund - Regular - Growth Canara Robeco Equity Tax Saver Fund - Div DHFL Pramerica Tax Plan - Gr DSP BlackRock Tax Saver Fund - Gr Edelweiss ELSS Fund - Gr Franklin India Taxshield Gr HDFC Long Term Advantage Fund - Gr HDFC Taxsaver - Div HSBC Tax Saver Equity Fund - Gr ICICI Prudential Long Term Equity Fund - Regular Gr IDFC Tax Advantage (ELSS) Fund - Regular Gr Invesco India Tax Plan - Gr JM Tax Gain Fund - Growth Option JP Morgan India Tax Advantage Fund - Gr Kotak Tax Saver - Gr L&T Tax Advantage Fund - Gr LIC MF Tax Plan Gr Principal Personal Tax Saver - Gr Principal Tax Savings Fund Quantum Tax Saving Fund - Gr Plan Reliance Tax Saver Fund - Gr SBI Magnum Tax Gain Fund - Div Sundaram Tax Saver - Div Tata India Tax Savings Fund Regular Plan - Div Taurus Tax Shield - Gr Union KBC Tax Saver Scheme - Gr UTI Long Term Equity Fund (Tax Saving) - Div Average Return of Above FundsMaximum ReturnMinimum ReturnUniverseS&P BSE SENSEXNIFTY 50





























Axis Equity Fund - Gr Axis Focused 25 Fund - Gr Axis MidCap Fund - Gr Baroda Pioneer Growth Fund - GrBirla Sun Life Advantage Fund Gr Birla Sun Life Dividend Yield Plus - Growth Birla Sun Life Equity Fund - Gr Birla Sun Life Frontline Equity Fund - Gr Birla Sun Life India GenNext Fund - Gr Birla Sun Life India Opportunities Fund - Gr Birla Sun Life Midcap Fund - Gr Birla Sun Life MNC Fund Gr Birla Sun Life Pure Value Fund - Gr Birla Sun Life Small and Midcap Fund - Gr Birla Sun Life Special Situations Fund - Gr Birla Sun Life Top 100 Fund - Gr BNP Paribas Dividend Yield Fund- Gr BNP Paribas Equity Fund - Gr BNP Paribas Midcap Fund - Gr BOI AXA Equity Fund - Regular Plan Gr Canara Robeco Emerging Equities Fund - Gr Canara Robeco Equity Diversified - Gr Canara Robeco F.O.R.C.E. Fund - Regular Gr Canara Robeco Large Cap Plus Fund - Gr DHFL Pramerica Large Cap Fund - Gr DHFL Pramerica Midcap Opportunities Fund - Gr DSP BlackRock Equity Fund - Reg. Plan - Div DSP BlackRock Focus 25 Fund - Gr DSP BlackRock Micro Cap Fund - Gr DSP BlackRock Opportunities Fund - Gr DSP BlackRock Small and Mid Cap - Reg Gr DSP BlackRock Top 100 Equity Fund Gr Edelweiss Div. Growth Equity Top 100 Fund - Gr Edelweiss Emerging Leaders Fund - Gr Edelweiss Prudent Advantage Fund Plan A - Gr Escorts Growth Plan G Franklin India Bluechip Fund Gr Franklin India Flexi Cap Fund - Gr Franklin India High Growth Companies Fund - Gr Franklin India Opportunities Fund-Gr Franklin India Prima Fund Gr Franklin India Prima Plus Gr Franklin India Smaller Companies Fund - Gr Goldman Sachs India Equity Fund - Gr HDFC Capital Builder-Gr HDFC Core and Satellite Fund - Gr HDFC Equity Fund - Div HDFC Growth Fund Gr HDFC Large Cap Fund - Gr HDFC Mid Cap Opportunities Fund - Gr HDFC Premier Multi-Cap Fund - Gr HDFC Small and Mid Cap Fund - Gr HDFC Top 200 Fund - Div HSBC Dividend Yield Equity Fund - Gr HSBC Dynamic Fund - Gr HSBC Equity Fund - Gr HSBC India Opportunities Fund - Gr HSBC Midcap Equity Fund - Gr ICICI Prudential Dynamic Plan - Gr ICICI Prudential Exports and Other Services Fund - Gr ICICI Prudential Focused Bluechip Equity Fund - Gr ICICI Prudential MidCap Fund - Gr ICICI Prudential Multicap Fund - Gr ICICI Prudential Select Large Cap Fund - Retail Gr ICICI Prudential Top 100 Fund - Gr ICICI Prudential Value Discovery Fund Gr IDFC Classic Equity Fund - Regular Plan - Gr IDFC Equity Fund - Regular Plan - Gr IDFC Imperial Equity Fund - Regular Plan - Gr IDFC Premier Equity Fund - Regular Plan - Gr IDFC Sterling Equity Fund - Regular Gr Indiabulls Blue Chip Fund - Gr Invesco India Business Leaders Fund - Gr Invesco India Contra Fund - Gr Invesco India Dynamic Equity Fund - Gr Invesco India Growth Fund - Gr Invesco India Mid N Small Cap Fund - Gr Invesco India Midcap Fund - Gr JM Equity Fund Growth Option JM Multi Strategy Fund - Growth Option JP Morgan India Equity Fund - Gr JP Morgan India Mid and Small Cap Fund - Gr Kotak 50 Equity Scheme Div Kotak Classic Equity Fund - Gr Kotak Emerging Equity Scheme - Gr Kotak Midcap - Gr Kotak Opportunities Fund - Gr Kotak Select Focus Fund - Gr L&T Business Cycles Fund - Gr L&T Emerging Businesses Fund - Gr L&T Equity Fund - Gr L&T India Large Cap Fund - Gr L&T India Special Situations Fund - Gr L&T India Value Fund - Gr L&T Midcap Fund - Gr LIC MF Equity Fund Gr LIC MF Growth Fund Gr

128,774137,503132,508135,884142,139135,693145,534135,475140,995124,271142,033126,416144,256147,426143,380134,923134,705129,154137,286133,553141,742133,193140,817134,374130,139135,547139,499136,844147,645141,536145,984137,850131,832146,691130,525131,958131,751131,000135,856135,004140,394132,963142,077132,234136,442134,491139,376137,011131,427143,873135,001139,951137,850136,297130,010136,389138,030141,413135,997128,176134,483139,839139,814135,670137,323132,723139,113132,505132,259132,444139,579136,469131,391136,374130,873132,651136,895137,557127,830142,549132,300138,683131,045134,173144,017142,922139,453138,424139,322148,759134,382132,547135,646142,089144,156130,672132,531

416,723459,521463,215443,441506,236439,057504,713452,961502,120444,794524,327486,893536,653554,918507,057450,253458,868433,652506,135427,611549,169422,882484,408430,947430,768453,422464,767467,778614,610488,829539,352441,783431,283517,250433,070476,725436,910449,415482,030463,768523,999466,546549,108458,966462,301447,000445,921445,100402,599527,767430,433487,837437,213437,447413,680433,108462,141525,978438,065454,546439,124500,012479,182433,822443,189472,895454,661408,427406,948465,093471,183441,908438,996479,078425,593443,194490,489496,668414,045474,308439,886516,423439,339428,912554,974533,262476,564483,062

- -

445,846432,710452,418529,532541,230402,692425,913

851,486-

1,040,394882,471

1,092,236864,909

1,085,806944,572

1,063,5361,011,3261,128,3531,107,5881,242,9131,212,6241,066,247944,848953,797901,762

1,156,004848,395

1,287,500838,442989,844845,988871,728

- 936,934946,547

1,465,3711,012,7881,184,092859,702872,279

1,109,677846,377

1,008,395864,132951,998

1,089,575963,043

1,200,781985,250

1,340,464-

970,034892,640912,881864,120772,605

1,194,323851,528

1,017,830875,303855,461774,830838,641964,840

1,173,782900,753

1,104,989892,548

1,140,2131,001,455870,320900,483

1,069,801891,342788,922772,065

1,009,543980,198

- 885,693

1,026,674866,892915,465

1,119,5001,119,714818,177966,008887,189

1,189,622879,648855,440

1,231,9391,151,564979,180

1,025,983- -

907,730868,295939,615

1,185,1091,226,447788,165847,219

- - -

1,288,2231,647,8821,316,6291,646,4431,467,7711,747,9001,561,4821,715,8151,862,2451,958,9101,866,1881,588,7751,479,8201,500,1011,423,3061,912,6191,258,8652,105,7241,297,0551,555,288

- 1,302,064

- 1,416,406

- 2,356,8701,537,1871,846,7801,303,0901,355,362

- 1,260,2761,482,3721,323,9731,473,9051,721,2801,457,9511,932,7621,549,3872,184,651

- 1,500,4251,309,8961,388,7561,305,0241,140,4661,963,4191,250,5811,550,1841,329,8771,266,1901,133,3991,242,0041,488,0941,703,8311,400,4291,806,7451,402,9951,743,0591,536,0041,329,4601,404,1851,731,3611,323,3821,186,9631,132,5861,634,7941,538,922

- 1,345,2321,569,3211,328,4981,409,5911,841,8531,813,3891,195,9051,389,4401,354,4741,913,9671,334,4301,303,1281,924,9261,798,0941,495,2991,598,628

- -

1,393,5771,326,0351,471,232

- 1,899,7411,165,6471,264,470

- - -

2,191,2682,752,8142,531,3852,816,5232,677,2873,224,0412,642,4693,141,1293,815,158

- - -

2,591,6062,802,8022,373,8933,296,346

- 3,999,6892,408,549

- -

2,170,094-

2,559,892- -

2,694,330-

2,294,316- - -

2,424,4442,367,9632,652,268

- 2,381,1793,563,3862,784,4094,040,100

- 2,759,8592,313,0482,615,9782,324,6801,858,137

- 2,183,322

- 2,455,968

- -

2,027,3362,453,3892,703,6702,542,4203,107,538

- 2,964,1112,644,323

- 2,437,4873,571,6612,142,3691,963,4461,903,4293,370,823

- - - - - - - -

1,808,709- - -

2,257,1992,248,051

- 3,155,8232,598,280

- - -

2,513,121-

2,626,437-

3,466,7681,877,7002,077,688

- - -

3,193,0403,816,9973,607,9004,154,9744,131,342

- 3,473,8994,687,8365,538,286

- - - - -

3,396,231- - - - - -

3,183,139-

3,987,976- -

3,969,429-

3,537,968- - -

3,361,7563,530,921

- -

3,384,6074,907,3844,245,961

- -

3,994,1283,295,3834,010,7673,519,3492,525,956

- - -

3,790,835- -

2,910,7783,495,965

- 3,944,595

- -

4,139,4643,840,032

- 3,579,7755,280,209

- - - - - - - - - - - -

2,371,377- - -

3,341,836- - -

3,920,684- - - - - - -

4,891,8922,516,1102,760,717


Years

Invested Amount


2015

1

1,20,000

2013

3

3,60,000

2011

5

6,00,000

Investment Value e

2009

7

8,40,000

2006

10

12,00,000

2004

12

14,40,000

SIP VALUE AS ON 31ST OCTOBER 2016 NEWS UPDATE






























SIP VALUE AS ON 31ST OCTOBER 2016


Years

Invested Amount


2015

1

1,20,000

2013

3

3,60,000

2011

5

6,00,000

Investment Value e

2009

7

8,40,000

2006

10

12,00,000

2004

12

14,40,000

NEWS UPDATE

DISCLAIMER: We have taken due care and caution in compilation of this booklet. The information has been obtained formvarious reliable sources. However it does not guarantee the accuracy, adequacy or completeness of any information and are not responsible for any errors or omissions of the results obtained from the use of such information. Investors shold seek proper financial advise regarding the appropriateness of investing in any of the schemes stated, discussed or recommended in this newsletter and should realise that thestatements regarding future prospects may or may not realise. Mutual fund investments are subject to market risks. Please read the offer document carefully before investing. Past performance is for indicative purpose only and is not necessarily a guide to the future performance.

Mirae Asset Emerging Bluechip Fund - Gr Mirae Asset India Opportunities Fund - Gr Motilal Oswal MOSt Focused 25 Fund - Gr Motilal Oswal Most Focused Midcap 30 Fund - Gr Motilal Oswal MOSt Focused Multicap 35 Fund - Gr Principal Dividend Yield Fund - Gr Principal Emerging Bluechip Fund - Gr Principal Growth Fund Gr Principal Large Cap Fund - Gr Principal SMART Equity Fund - Gr Quantum Long Term Equity Fund - Gr Reliance Equity Opportunities Fund - Gr Reliance Focused Large Cap Fund - Gr Reliance Growth Fund Gr Reliance Mid & Small Cap Fund - Gr Reliance Quant Plus Fund - Gr Reliance Regular Savings Fund Equity Plan - Gr Reliance Small Cap Fund - Gr Reliance Top 200 Fund - Gr Reliance Vision Fund Gr SBI Blue Chip Fund - Gr SBI Contra Fund - Regular Div SBI Emerging Businesses Fund - Regular Plan - Gr SBI Magnum Equity Fund - Div SBI Magnum Global Fund - Div SBI Magnum MidCap Fund - Gr SBI Magnum Multicap Fund - Gr SBI Magnum Multiplier Fund - Div SBI Small & Midcap Fund - Gr Sundaram Equity Multiplier Fund - Gr Sundaram Rural India Fund - Gr Sundaram S.M.I.L.E. Fund - Gr Sundaram Select Focus - Gr Sundaram Select MidCap - Gr Tata Dividend Yield Fund - Gr Tata Equity Opportunities Fund - Gr Tata Equity P/E Fund Gr Tata Ethical Fund - Gr Tata Large Cap Fund - Gr Tata Mid Cap Growth Fund - Gr Taurus Bonanza Fund Gr Taurus Discovery Fund - Gr Taurus Ethical Fund - Gr Taurus Starshare Growth Templeton India Growth Fund Gr Union KBC Equity Fund - Gr UTI Bluechip Flexicap Fund - Gr UTI Dividend Yield Fund. - Gr UTI Equity Fund - Div UTI India Lifestyle Fund - Gr UTI Master Share - Div UTI Mid Cap Fund - Gr UTI MNC Fund - Gr UTI Opportunities Fund - Gr UTI Top 100 Fund - Gr Average Value of Above FundsMaximum ValueMinimum ValueUniverseELSS / Tax Savings SchemesAxis Long Term Equity Fund - Gr Baroda Pioneer Elss 96 - Div Birla Sun Life Tax Plan - Div Birla Sun Life Tax Relief 96 Fund - Div BNP Paribas Long Term Equity Fund - Gr BOI AXA Tax Advantage Fund - Regular - Growth Canara Robeco Equity Tax Saver Fund - Div DHFL Pramerica Tax Plan - Gr DSP BlackRock Tax Saver Fund - Gr Edelweiss ELSS Fund - Gr Franklin India Taxshield Gr HDFC Long Term Advantage Fund - Gr HDFC Taxsaver - Div HSBC Tax Saver Equity Fund - Gr ICICI Prudential Long Term Equity Fund - Regular Gr IDFC Tax Advantage (ELSS) Fund - Regular Gr Invesco India Tax Plan - Gr JM Tax Gain Fund - Growth Option JP Morgan India Tax Advantage Fund - Gr Kotak Tax Saver - Gr L&T Tax Advantage Fund - Gr LIC MF Tax Plan Gr Principal Personal Tax Saver - Gr Principal Tax Savings Fund Quantum Tax Saving Fund - Gr Plan Reliance Tax Saver Fund - Gr SBI Magnum Tax Gain Fund - Div Sundaram Tax Saver - Div Tata India Tax Savings Fund Regular Plan - Div Taurus Tax Shield - Gr Union KBC Tax Saver Scheme - Gr UTI Long Term Equity Fund (Tax Saving) - Div Average Value of Above FundsMaximum ValueMinimum ValueUniverseS&P BSE SENSEXNIFTY 50






146,419138,141136,453140,910141,325140,510144,482141,319135,954128,357137,670128,816135,074140,665143,102131,105134,327145,085133,988132,207134,118135,772135,271134,446132,737139,519136,674135,104142,167137,059150,597142,200128,633146,431132,380133,864145,681126,293131,567136,262131,275141,309130,327133,421142,696134,222131,862134,076131,250131,965131,347139,458127,493132,654132,912136,510150,597124,271

152

132,605137,450134,507135,077129,783135,291132,568134,972141,384132,919132,515140,171138,294137,617136,215134,512134,032138,049131,444139,339138,519134,611135,971141,396137,812136,821132,228138,938136,052135,315130,412131,775135,581141,396129,783

32128,759130,158

567,981471,969456,350

- -

451,356533,376473,387442,883419,831462,487424,959434,268482,201523,221402,112458,326567,861445,889438,725468,950452,224479,530450,839476,864536,562491,695472,407590,868465,386544,310547,824402,443551,541447,312458,390507,692425,948428,144499,346421,976498,949427,261422,710474,018412,463421,822425,151436,443416,176426,437522,021467,754417,027435,197467,639614,610402,112

148

469,956447,759474,788480,899444,062443,484430,459452,402491,842445,919463,060458,212441,636458,171461,456452,825464,609461,463438,408476,782466,151438,570442,866473,553462,346472,899440,919468,484484,119436,322412,279428,469455,787491,842412,279

32394,838404,273

1,344,9941,003,287

- - -

877,4171,226,7171,006,077892,034834,534939,537894,853888,570992,110

1,168,712772,668941,504

1,386,061925,386890,704991,098894,719991,504905,737

1,060,9031,283,6411,041,5931,006,2721,411,058934,054

1,108,1161,239,341776,773

1,234,313899,125951,357

1,070,797896,426851,266

1,128,814816,453

1,085,051881,181836,472947,168808,813840,775815,345896,540812,746845,801

1,236,6001,024,120824,483869,514986,266

1,465,371772,065

143

1,065,602904,266

1,014,6101,036,228941,552904,551865,702924,123

1,045,050917,285975,310941,629903,921953,226985,384962,818990,233953,896882,372952,243946,569889,157893,807

1,008,446938,924

1,044,455919,487938,522

1,009,235850,929

- 849,218948,669

1,065,602849,218

31762,688780,953

- 1,586,696

- - -

1,316,6561,914,9011,538,1651,348,082

- 1,473,9601,436,6291,319,6261,488,3361,814,3941,160,9831,417,455

- 1,428,7361,317,6031,539,2631,305,3521,658,0671,388,8971,705,3512,056,5081,571,3401,545,8852,263,3831,382,5651,691,3081,868,6091,137,8821,946,1851,399,8421,461,0791,629,9341,410,0741,299,2351,779,3601,199,0631,655,9721,338,0691,266,0601,411,992

- 1,267,5121,225,2941,406,6881,270,4741,278,8611,973,3621,713,2841,293,9941,328,5281,517,4192,356,8701,132,586

133

- 1,340,4201,573,1581,569,1421,500,6541,348,8391,337,2561,368,9981,616,7081,421,3541,548,3981,455,2231,371,9441,471,7161,542,7881,508,0021,555,2361,400,8641,343,2281,429,6711,454,8141,332,6411,334,4691,549,1361,468,4731,658,3201,414,4011,408,8611,571,1081,270,633

- 1,276,4431,448,0971,658,3201,270,633

301,136,6791,166,667

- - - - -

2,269,390-

2,463,2382,402,188

- 2,822,4762,810,6322,079,3772,640,773

- -

2,606,455- -

2,222,6502,612,5382,132,2993,175,0902,438,4743,086,2403,480,0492,546,2252,684,727

- -

2,843,2263,395,9151,848,9933,705,0072,661,8562,505,7482,986,0762,510,4012,280,2183,134,4151,898,7202,601,114

- 2,131,4202,521,259

- 2,066,8652,258,9132,530,937

- 2,170,3253,696,3113,395,6932,442,9752,225,6782,636,3684,040,1001,808,709

95

- 2,190,4692,636,0322,674,1162,492,104

- 2,533,1402,204,088

- -

2,840,1592,596,8872,491,607

- 2,887,050

- - - -

2,357,0532,655,7132,118,9202,200,6802,432,624

- 3,023,8602,405,0172,375,1182,723,0072,290,105

- 2,091,3072,486,6223,023,8602,091,307

211,875,1031,932,509

- - - - -

2,996,975-

3,262,125- - - - -

4,053,827- - - - -

3,240,015-

3,179,9764,524,7793,668,4064,537,924

- -

4,079,802- - - -

2,721,0685,741,855

- 3,604,3864,466,1603,640,1463,376,3384,376,6262,554,9533,319,407

- 3,116,2173,716,808

- - -

3,576,697-

3,063,411- - - -

3,712,8375,741,8552,371,377

59

- 2,919,3673,702,2383,825,123

- -

3,869,008- - -

4,157,8783,658,3833,638,607

- 4,091,883

- - - - - -

2,764,4313,109,0503,241,344

- -

3,592,7433,479,7043,760,318

- -

2,808,0923,507,8784,157,8782,764,431

152,684,7362,753,516

november 2016 newsletter softcopy - vishal merchant · your sip, can help you achieve larger goals....

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