valueresearchfundcard-religareinvescoactiveincomefund-2014apr17
TRANSCRIPT
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The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional adviceor guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of thisFund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of thisFund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Cardshould exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment deci-sion or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.
The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishersof the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatso-ever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in thisFund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.
Risk Grade –
Return Grade –
NAV –
Net Assets* –
Fundcard
ValueResearch w w w . v a l u e r e s e a r c h o n l i n e . c o m
* Quarterly Average
Average
Below Average
Rs. 1467.29 as on Apr 17, 2014
Religare Invesco Active Income Fund
Rs. 1032.1 crore as on Mar 31, 2014
Value Research Fund Rating as on Mar 31, 2014
Open-ended and Debt: Income
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Volatility Measurements
Standard DeviationSharpe Ratio
Risk Analysis
% of Assets
Top Instrument Break-up
Trailing Returns (%)
Year-to-Date1-Week1-Month3-Month6-Month1-Year2-Year3-Year5-YearReturn less than 1-year are absolute and over 1 year are annualised
Return Rank
Fund Category Fund/Cat
Quarterly Returns (%)Q1 Q2 Q3 Q4 YearCompany Sector Instruments % Assets
Top Holdings
Total Securities
Avg Maturity (Yrs.)
Avg Maturity 52 W High (Yrs.)
Avg Maturity 52 W Low (Yrs.)
Avg Credit Rating
GOI Securities
AAA/P1+
AA
A and Below
Unrated
TBills
CDs/STD
Cash Equivalent
Net Recbl/Payable
Others
% of Assets
Credit Rating Break-up
Portfolio Characteristics
Returns as on
High Medium LowCredit QualityFUND STYLE
High M
edium Low
Interest Rate Sensitivity
NAV (Rs)
Total Return (%)
+/-
Rank (Fund/Category)
52 Week High (Rs)
52 Week Low (Rs)
Net Assets (Rs.Cr)
Expense Ratio (%)
Rating:Risk:Return:
History
Fund
(Rebased to 10,000)
98/175
Below AverageAverage
Religare Invesco Active Income Fund
1.83
6.617.596.99
176/182
NSE G-SecComposite VR Bond
Fund Performance Vs VR Bond
VR Bond (%)
173/19673/198
VR Bond
-0.27
0.00
0.660.920.660.680.490.54
3.5648/88
4.60
170/182
Central Government LoanCBLOBondsDebentureNet Payables
18
2.78
5.46
MetalsSovereignFinancialSovereignFinancialFinancialEnergyFinancial
1.151.410.42
FinancialOthers
2.71
19.7715.04
2004
-
-
-
-
-
-
-
-
7.747.66
8.19
5.205.164.152.86
4.354.753.90
2.68
2014
1467.29
1.22
-0.74
176/182
-
-
-
-
----1.01
2013
1449.59
5.60
0.39
49/98
1461.62
13.78
1195.04
1.51
5.601.34-0.692.971.90
2012
13.73
10.46
1.72
33/89
13.73
12.44
1190.60
1.73
10.462.292.932.722.14
2011
12.43
9.19
2.73
21/86
12.43
11.39
736.55
1.80
9.192.072.562.651.61
2010
6.14
11.38
2.90
8/79
11.38
10.67
903.81
0.39
6.141.751.421.471.37
2009
-6.3110.72
-5.93
60/63
11.58
10.48
12.67
1.77
2008
10.43
11.45
-2.94
36/54
11.45
10.12
52.71
1.30
GOI
2007
-
10.36
-
-
-
-
52.33
1.27
GOI
2006
--
-
-
-
-
-
-
National Housing Bank
2005
--
-
-
-
-
-
-
HDFCLIC Housing Fin.Airport Authority India Ltd.National Bank Agr. Rur. DevpReliance Utilities and PowerRural Electrification
Central Government LoanCentral Government LoanBondsDebentureDebentureBondsBondsDebentureBonds
1.962.481.22
173/182
51/65
38.80
38.8
30.52
42.84
24.53
1.55
19.86
0.00
-13.71
0.000.00
30.52-13.71
0.00
April 17, 2014, Portfolio related data as on March 31, 2014
2.633.331.67
0.88
63/96
1.59
6.738.108.01
Sovereign
1.15
SovereignFinancialFinancialFinancialServicesFinancialEngineeringFinancial
2.542.422.071.571.551.041.010.520.21
AAA
-13.71
SAILGOIHDFC
0.63GOIIndiabulls Housing FinanceRural ElectrificationPower Grid Corp.
2.15
HDFCPower Finance Corp.Others
BondsCentral Government LoanDebentureCentral Government LoanDebentureBondsBondsDebentureBondsNet Payables
20142013201220112010
5.346.665.955.28
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ValueResearch w w w . v a l u e r e s e a r c h o n l i n e . c o m
Fund Objective & StrategyValue Research AnalysisBest Performance
AMC :
Website :
Registrar :
Launch :
Benchmark :
Plans (NAV) :
Min Investment (Rs.) :
Min SIP Investment (Rs.) :
Exit Load :
YEAR
NAV
QUARTER
MONTH
Worst Performance
YEAR
QUARTER
MONTH
All the graphs are rebased to 10,000
Portfolio Manager
Investment Information
Analysis not available
VR Bond
The fund aims to invest alarge portion of the net assetsin long dated governmentsecurities and debtinstruments. It can investentirely in money marketinstruments also on certaindefensive consideration. Thefund would decide theappropriate asset allocationdepending on the marketconditions.
Karvy Computershare Pvt Ltd.-
5000Religare Invesco Asset Management Company Pvt. Ltd
www.religareinvesco.com
Nil
Crisil Composite Bond
13.32%
13.42%
11.35%
-7.42%
-6.61%
-6.16%
July 2007
Since Sep 2010Sujoy Kumar Das
Bonus (1090.34) , Discretionary Dividend (1084.96) , Dividend Monthly (1079.40) , Dividend Quarterly (1015.02) , Dividend Yearly (1290.51) , Growth (1467.29)
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20000
17500
15000
12500
10000
Volatility Measurements
Standard Deviation 0.13
Sharpe Ratio 23.87
Risk Analysis
% of Assets
Certificate of Deposit 63.64
Cash/Net Current Assets 13.85
Commercial Paper 8.25
Debenture 8.19
Structured Obligation 5.67
Treasury Bills 0.40
Top Instrument Break-up
Trailing Returns (%)
Year-to-Date 8.99 8.31 9/46 20.78 7.731-Week 0.16 0.14 22/51 2.78 -0.661-Month 0.70 0.64 20/51 9.97 0.303-Month 2.24 1.98 29/51 21.78 2.036-Month 4.62 4.17 15/48 26.28 4.081-Year 8.99 8.31 9/46 20.78 7.732-Year 8.60 7.92 5/42 12.77 7.803-Year 7.96 7.40 5/35 8.61 7.255-Year 6.78 6.33 4/32 5.13 6.43Return less than 1-year are absolute and over 1 year are annualised
Return Rank NSE NSE
Fund Category Fund/Cat G-Sec T-Bill
Quarterly Returns (%)
2008 2.04 2.09 2.33 2.24 8.992007 2.03 2.05 1.85 2.03 8.202006 1.47 1.61 1.67 1.81 6.712005 1.26 1.33 1.35 1.36 5.412004 1.13 1.12 1.12 1.22 4.66
Q1 Q2 Q3 Q4 YearCompany Sector Instruments % Assets
Top Holdings
112
Total Securities 46
Avg Maturity (Yrs.) 0.28
Avg Maturity 52 W High (Yrs.) 0.41
Avg Maturity 52 W Low (Yrs.) 0.27
Avg Credit Rating AA
GOI Securities 0.00
AAA/P1+ 80.09
AA 3.77
A and Below 0.00
Unrated 1.89
TBills 0.40
CDs/STD 0.00
Cash Equivalent 13.85
Net Recbl/Payable 0.00
Others 0.00
% of Assets
Credit Rating Break-up
Portfolio Characteristics
Returns as on 31st December 2008, Portfolio-related data as on 30th November 2008
ICICI Bank Financial Certificate of Deposit 13.51Canara Bank Financial Certificate of Deposit 8.19Vijaya Bank Financial Certificate of Deposit 8.18Axis Bank Financial Certificate of Deposit 4.58Reliance Capital Financial Commercial Paper 4.53Corporation Bank Financial Certificate of Deposit 2.83State Bank of Mysore Financial Certificate of Deposit 2.80IDBI Bank Financial Certificate of Deposit 2.77Oriental Bank Financial Certificate of Deposit 2.58Yes Bank Financial Certificate of Deposit 2.35Kotak Mahindra Bank Financial Certificate of Deposit 2.03ABN-Amro Bank NV Financial Certificate of Deposit 2.02State Bank of Bikaner Financial Certificate of Deposit 2.00Idea Cellular Communication Structured Obligation 1.93Carol Info Services Health Care Debenture 1.89State Bank of Hyderabad Financial Certificate of Deposit 1.62Sundaram Finance Financial Debenture 1.50Federal Bank Financial Certificate of Deposit 1.40State Bank of Travancore Financial Certificate of Deposit 1.40Gitanjali Trading & Invest. Corp. Services Structured Obligation 1.32IDBI Bank Financial Debenture 1.26Dr. Reddy's Holdings Financial Commercial Paper 1.22SBI Factors & Commercial Ser Financial Commercial Paper 1.22HDFC Financial Debenture 1.18Punjab National Bank Financial Certificate of Deposit 1.01
High Medium LowCredit QualityFUND STYLE
High M
edium Low
Interest Rate Sensitivity
HDFC Cash Management Fund - Savings Plan
Fund Performance Vs Ultra Short-term Bond Index
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
NAV (Rs) - 10.10 10.59 11.52 12.34 13.01 13.62 14.35 15.32 16.57 18.06
Total Return (%) - - 9.53 8.80 7.17 5.40 4.66 5.41 6.71 8.20 8.99
+/-NSE T Bill (%) - - - -0.19 0.72 -0.04 0.02 -0.37 0.57 0.33 1.26
Rank (Fund/Category) - - 9/17 7/26 10/28 10/39 6/36 8/35 3/36 3/42 9/46
52 Week High (Rs) - - 10.59 11.52 12.34 13.01 13.62 14.35 15.32 16.57 18.06
52 Week Low (Rs) - - 10.03 10.59 11.52 12.34 13.01 13.62 14.36 15.33 16.58
Net Assets (Rs.Cr) - - 203.94 707.77 315.12 1001.45 2195.93 1828.07 4769.91 2789.31 2463.22
Expense Ratio (%) - - - 0.49 0.70 0.58 0.52 0.45 0.34 0.58 0.57
Rating:Risk: Below AverageReturn: Above Average
History
FundUltra ST Bond
(Rebased to 10,000)
How to Read the Fundcard - Debt
Value Research Rating, Risk and ReturnFund Rating — The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that a fund has generated over the previous eight-een months, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.Risk Grade — A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past eighteen months. This grade is rel-ative to other fund of the same type.Returns Grade — A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.
HistoryData on the fund’s performancesince its launch.
NAV (Year End) — The lastNAV of each year.Total Return — The percent-age returns that an investorwould have got over theyear.+/- — In the given year, acomparison of the fund’sreturns with that of a compa-rable indexRank — The fund’s perform-ance rank within its categoryfor the year and the totalnumber of funds out ofwhich it has been ranked.52-Week NAV Range — Thehighest and the lowest NAVthat the fund recorded dur-ing that yearNet Assets — The totalamount of investor’s assetsthat the fund was managingat the end of the year.Expense Ratio — The per-centage of the average dailyassets that the fund chargedas its management expens-es during the year.
Trailing Returns (%)Performance data for various stan-dard periods. All returns are in per-centage. Periods greater than ayear are annualised, shorter peri-ods are not.
Fund — The fund’s ownreturns.Category — The averagereturns for all funds in the cate-gory.Rank — The funds rank, out ofthe total number of funds in thecategoryIndex — The returns of twocomparable indices.
Quarterly Returns (%)The funds’ returns over each quar-ter of the last five years, along withthe entire year’s returns.
Fund Performance Vs IndexGraph of how an investors’ moneywould have grown in the fund sinceits launch. A similar graph of thefund’s benchmark index is alsogiven. For ease of comparison,both have been adjusted to start at10,000.
Risk AnalysisA range of statistical measures thatcan be used to evaluate the per-formance, risk, and return of amutual fund.
Portfolio CharactersticsAggregate measures of thefund’s investments. The averagematurity of the fund’s portfolio,as well as the high and the lowthat this average maturity has hitduring the past 52 weeks aregiven. Also given is the averagecredit rating of the portfolio.
Fund StyleA nine-cell matrix of the overall styleof investment that the fund follows,based on its latest portfolio. On thevertical axis, the three steps denotethe weighted average maturity of theportfolio. The horizontal axisdenotes, on a weighted averagebasis, credit quality of the portfolio.
Credit RatingBreak-upThe proportion ofthe portfolio that isinvested in instru-ments of differentcredit quality.
Top InstrumentBreak-upThe proportion ofthe fund’s hold-ings that are heldin different types iffixed-incomeinstruments.
Top HoldingsA detailed report on the latestinvestment portfolio that the fundis holding. For each security, theissuer, the sector, and the type ofinstrument are given. Also statedis the percentage of the fund’sinvestments that are invested inthat security. For MIP funds, data on theirequity holdings, if any, is alsogiven. For each stock, the sector,the P/E ratio and the year’sreturns are given.