KARVY’s

January 2020

INVESTOR JOURNAL

www.karvyvalue.com

What’s Inside

KARVY’sINVESTOR JOURNAL

Fund of the MonthAxis Long Term Equity Fund-Reg(G)

The investment objective of the scheme is to generate income and long-term...Jan, 2020

Market ReviewPage 01

Karvy Investment InsightPage 03

Fund of The MonthPage 05

Readers CornerPage 06

Story of The MonthPage 07

SIP PerformancePage 08

Category Average ReturnsPage 09

Fixed Deposits SchemesPage 10

Equity Funds PerformancePage 11

Debt Funds PerformancePage 13

Indices WatchPage 14

Highlights of the Month » The mutual fund industry’s asset under

management (AUM) grew by 2.7% from Rs. 26.33 lakh crore in October 2019 to Rs. 27.05 lakh crore in November 2019, according to data published by the Association of Mutual Funds in India.

» In November 2019, systematic investment plans (SIPs) grew from Rs. 8,246 crore in October 2019 to Rs. 8,273 crore i.e. 0.3%

» Liquid funds witnessed a net inflow of Rs.6,938 crore during the month November 2019 compared to a net inflow of Rs.93,202 crore during the month October 2019

» Hybrid Funds witnessed a net outflow of Rs.572 crore in the month November 2019 compared to net inflow of Rs.314 crore in the month October 2019. This outflow was mainly due to Aggressive hybrid funds as these funds witnessed net out flow of Rs. 4,931 crores.

» Net inflows into equity mutual funds stood at Rs.1,311 crore in November 2019 as against at Rs.6,026 crore in October 2019, This is majorly due to outflow in value and thematic fund.

» The mutual fund industry as a whole saw a net inflow of Rs.54,419 crore in November 2019 compared with a net inflow of Rs.1,33,481 crore in October 2019. This inflow was mainly led by Income and debt oriented funds.

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INVESTOR JOURNALJan 2020

Market Review

Exports: » Exports in November 2019 were USD 25.98 billion, as compared to USD 26.07 billion in November 2018, exhibiting a negative growth of (-)0.34 per cent.

» Electronic Goods (46.13%);Drugs & Pharmaceuticals (20.60%); Marine Products(9.03%); Engineering Goods (6.32%); Organic & Inorganic Chemicals (2.55%). In November 2019, these commodity groups of export showed positive growth over the corresponding month of last year.

» Non-petroleum and Non Gems and Jewellery exports in November 2019 were USD 19.31 billion, as compared to USD 18.55 billion in November 2018, showing a positive growth of 4.08 per cent.

» For the period April-November 2019-20, the cumulative value of exports amounted to USD 211.93 billion (Rs. 14,89,793.87 crore) as against USD 216.23 billion (Rs. 15,05,216.55 crore) during the period April-November 2018-19, registering a negative growth of (-)1.99 per cent in Dollar terms.

Imports: » Imports were USD 38.11 billion in November 2019, which was 12.71 per cent lower in Dollar terms compared to imports in November 2018 of USD 43.66 billion.

» Transport equipment (-48.53%); Coal, Coke & Briquettes, etc. (-23.21%); Organic & Inorganic Chemicals (-21.07%); Petroleum, Crude & products (-18.17%); Electronic goods (-3.98%); showed a negative growth in November 2019 over the corresponding month of last year.

» For the period April-November 2019-20, the cumulative value of imports amounted to USD 318.78 billion compared to 349.96 billion for the period April-November 2018-19, recording a negative growth of 8.91% in dollar terms.

Crude Oil and Non-Oil Imports: » Oil imports in November 2019 were

USD 11.06 billion, down 18.17% in dollar terms compared to 13.52 billion in November 2018.

» Non-oil imports in November 2019 were estimated at USD 27.04 billion, down 10.26% in dollar terms compared to USD 30.14 billion in November 2018.

Trade Balance: » The trade deficit for November 2019 was estimated at USD 12.12 billion as against the deficit of USD 17.58 billion in November 2018.

» Taking merchandise and services together, overall trade deficit for April-November 2019-20* is estimated at USD 54.06 billion as compared to USD 82.47 billion in April-November 2018-19.

*Note: The latest data for services sector released by RBI is for October 2019. The data for November 2019 is an estimation, which will be revised based on RBI’s subsequent release.

CPI Inflation:In November 2019, general CPI inflation was inched up to 5.54%, compared to 4.62% in October 2019. It was the highest inflation rate since July 2016 last year, as food prices rose 10.01 percent in November 2019 vs 7.89 percent in October 2019)

WPI Inflation:Wholesale prices in India rose by 0.58% compared to 0.16% in the previous month. It was the highest wholesale inflation rate since August, amid a faster rise in cost of food namely vegetables, while fuel prices fell less.

IIP:Industrial output in India dropped 3.8 % from a year earlier in October 2019, following a 4.3 percent contraction in the previous month. Production decreased for manufacturing (-2.1 percent vs -4.0 percent); mining (-8.0 percent vs -8.6 percent); and electricity (-12.2 percent vs -2.6 percent).

Apart from FII and MF activity, Key domestic data released in the month of December were:

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BSE Sensex and Nifty 50 gave a return of 1.13% and 0.93% respectively during the month. Among the BSE sectoral indices, S&P BSE METAL Index was the top performers with 6.64%.The mutual fund industry as a whole saw a net inflow of Rs.54,419 crore in November 2019 compared with a net inflow of Rs.1,33,481 crore in October 2019. This inflow was mainly led by Income and debt oriented funds.. Systematic investment plans (SIPs) collection stood at 8,273 crore. Net inflows into equity mutual funds stood at Rs.1,311 crore in November 2019 as against at Rs.6,026 crore in October 2019, This is majorly due to outflow in value and thematic fund. In November 2019, general CPI inflation was inched up to 5.54%, compared to 4.62% in October 2019.

INVESTOR JOURNALJan 2020

S&P BSE SENSEX

Date Close Price Points Diff %age Change

29-Nov-19 40,794 - -

2-Dec-19 40,802 8 0.0%

9-Dec-19 40,487 -315 -0.8%

16-Dec-19 40,939 451 1.1%

31-Dec-19 41,254 315 0.8%

Overall Change for the month 1.13%

NIFTY 50

Date Close Price Points Diff %age Change

29-Nov-19 12,056 - -

2-Dec-19 12,048 -7.85 -0.1%

9-Dec-19 11,938 -110.70 -0.9%

16-Dec-19 12,054 116.45 1.0%

31-Dec-19 12,168 114.50 0.9%

Overall Change for the month 0.93%

Sensex & Nifty: (Month Between 02-Dec-2019 to 31-Dec-2019)

MF Activity: (Month Between 02-Dec-2019 to 30-Dec-2019)

Equity

Date Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)

2-Dec-19 2788.04 2264.34 523.70

9-Dec-19 1718.07 1668.55 49.52

16-Dec-19 1537.70 2289.75 -752.05

30-Dec-19 1089.74 919.70 170.04

For the Month 45507.65 43547.93 1959.72

Debt

Date Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)

2-Dec-19 9253.78 6310.36 2943.42

9-Dec-19 11122.07 8362.37 2759.70

16-Dec-19 6121.66 6119.60 2.06

30-Dec-19 8213.03 4023.08 4189.95

For the Month 146531.95 100314.70 46217.25

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FII Activity: (Month Between 02-Dec-2019 to 30-Dec-2019)

Equity

Date Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)

2-Dec-19 7726.56 9174.27 -1447.71

9-Dec-19 4448.71 3715.34 733.37

16-Dec-19 5482.26 4612.65 869.61

30-Dec-19 3849.75 3571.04 278.71

For the Month 98338.29 92904.69 5433.60

Debt

Date Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)

2-Dec-19 2137.56 2108.10 29.46

9-Dec-19 2290.20 2246.63 43.57

16-Dec-19 1050.51 760.28 290.23

30-Dec-19 2684.07 3803.29 -1119.22

For the Month 30290.86 36306.00 -6015.14

-----------------------------------------------------------------------------------------------------------------------------------------------------------Source : ACE MF

NOTE:This data changes frequently on SEBI websites, So this data may be different when compared with SEBI

Well, it’s that time of the year when you are looking out for investment options which would help you save your hard-earned money. Isn’t?

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2. These funds show less volatility than most other Equity funds

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4. Three-year lock-in is the lowest among Tax Saving instruments

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INVESTOR JOURNALJan 2020

Karvy Investment Insight

Peace of mind and Wealth Creation ideas for long term

Karvy Insights brings to you investment wisdom to help you make sound investment decisions to reach your goals faster. These inputs may not help you become wealthy within a short span of time, but they would definitely bring you peace of mind and act as a roadmap for your financial journey.

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How ordinary steps can lead to extraordinary results?----------------------------------------------------------------------------------------------------------------------------------------------------------

The path to your future wealth is pinned on your resolve to do better. If you do not follow your resolutions each year, you knock off a chunk of your future wealth.

Reasons why New Year Goals don’t work outSetting unrealistic resolutionsWhile you can become a crorepati in the long run by investing your money, expecting to achieve this just in about a year or two is unrealistic.

Having no planBeing ambitious about your Goals does little or no good if you don’t have a sound plan in place.Having no timeYou may have realistic Goals and plans, but may not necessarily have the time to execute the plan. The lack of time for investing may stop you from achieving your Goals.

Having no guidanceDespite having clear Goals, the plan and time, you may not be very confi dent about your moves. In the absence of proper guidance, you tend to go off the track.

How to achieve your New Year GoalsTo achieve your Goals, first, break them down into these ordinary steps:

Step 1: List out all your Goals in a smart, practical and achievable way Goal: Vacation to BaliDuration: 5 days & 6 nightsBudget: Rs.1 lakhDo t exercise for all your Goals and convert them from ‘dreams’ to concrete Goals.

Step 2: Set priorities for each Goal and club them into Goal Buckets to manage them easilyA visit to Bali in 6 months, would be a short-term Goal, a trip to Disneyland in the next 3 years would be a medium-term Goal and World tour in 8 years will be a long-term Goal.

Step 3: Invest for these regularlyThe following table explains how you can invest to achieve Goals spanning different time horizons.

Investment Term: Short-termYears: 3 or lessWhere to invest: Debt Mutual FundsBenefits:

» Stability

Source : UTI AMC

INVESTOR JOURNALJan 2020

» Liquidity » Low Risk

Investment Term: Medium-termYears: 3 - 5Where to invest: Hybrid Mutual Funds or ELSSBenefits:

» Moderate Risk » Steady Returns » Tax Benefits

Investment Term: Long-termYears: 5 or moreWhere to invest: Equity Mutual FundsBenefits:

» Higher returns » Tax Benefits » Risk Managed in the long term

This brings us to figuring out ways to save up for these Goals. And one of the most effective methods would be - Weekend Investment Plan (WIP).

What is Weekend Investment PlanWIP or Weekend Investment Plan is an investment strategy where you renounce a regular expense and direct that amount towards investments. There are lots of every day scenarios where you can apply this strategy to increase your investments. For example, if you eat at good restaurants every weekend with your friends or family, you can consider skipping it once a month. Do you watch a movie every Friday? Skip a week and use the amount to invest for your future. Here’s how you can do it:

Step 1: Set a realistic Goal Say, you want to renovate your house and it would cost you Rs.3 lakh. A realistic Goal would be to achieve this in 3 years and not the next year.

Step 2: Implement WIP Now as per the WIP, skip 1 out of 4 weekend plans. You can then invest that money in Mutual Funds through a Systematic Investment Plan.

Step 3: Start a SIP You can start a SIP online in just a few steps. With SIPs, your money will automatically get deducted from your Bank account at a predetermined date, every month, and get invested in the Funds of your choice.

Step 4: Watch your money grow Mutual Funds are handled by professionals. So, you can just sit back and watch the power of compounding and rupee cost averaging multiply your money.

Thus, with the WIP, you will not only have money for your Goal but also have extra money for entertainment and leisure.

Karvy Investment Insight

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How ordinary steps can lead to extraordinary results?----------------------------------------------------------------------------------------------------------------------------------------------------------

Source : UTI AMC

INVESTOR JOURNALJan 2020

5

‘Tweets’ of the Month

Fund of The Month

Axis Long Term Equity Fund-Reg(G)

Investment Objective:

The investment objective of the scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities.

Portfolio:Top 10 Companies Holdings

Name %age

Bajaj Finance Ltd. 8.7

Kotak Mahindra Bank Ltd. 8.1

HDFC Bank Ltd. 7.9

Avenue Supermarts Ltd. 6.4

Bandhan Bank Ltd. 6.4

Housing Development Finance Corporation Ltd 6.4

Tata Consultancy Services Ltd. 6.4

Info Edge (India) Ltd. 5.4

Pidilite Industries Ltd. 5.1

Maruti Suzuki India Ltd. 5.1

Top 10 Sector Wise Holding

Industry Name (%)

Finance - NBFC 10.5

IT - Software 7.5

Retailing 6.4

Finance - Housing 6.4

BPO/ITeS 5.4

Chemicals 5.1

Automobiles - Passenger Cars 5.1

Consumer Durables - Domestic Appliances 4.5

Consumer Food 4.2

To read the full Information, Click Here

Indicates an increase or decrease or no change in holding since last profile.

Indicates an increase or decrease in holding since last portfolio.

INVEST HERESource : ACE MF

First half of life - Market fluctuates

Second half of life - Health fluctuates

Accept the first to have enough money for the next

@KalpenParekh

The consensus I am seeing in Analyst Reports and Views is that 2020 is the year for Mid and

Small Cap. The reason for the unifying stand seems to be based on “Mean Reversion

@Prashanth_Krish

Remember: you can ALWAYS choose to make your future bigger than your past.

- Tom Bilyeu@Deeplifequotes

INVESTOR JOURNALJan 2020

Readers Corner

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LIKE US ON FACEBOOK

Source : UTI AMC

To put in place a financial plan on your own, you need to know about the basic components of such a plan.

Goals: You should have realistic and achievable Goals. Write down these Goals on a paper.

Fund Flows & Budget: Check how and how much you earn and how those funds are spent. Prepare a budget for the family and keep a check on avoidable spends.

Emergency Fund: Set aside some money which you could tap in case of emergency. Usually it’s equivalent to six months’ family spend which is kept in a Liquid Fund.

Health Insurance: Buy a mediclaim that covers the whole family in case of medical emergency.

Start SIP: Start one or more systematic investment plans to meet each of your Goals

Life Insurance: Buy a term insurance for the main earning member of the family. This should be adequate to cover the family’s expenses in case of any eventuality for the main earning member.

R&R: Review and rebalance the plan on a periodic basis to see if the plan is on track or you need to make some corrections to your investments and insurances.

BASIC COMPONENTS OF A FINANCIAL PLAN

» Set realistic Goals » Check how you earn and spend money » Set your budget » Have a family health cover

» Start one or more SIPs as per the Goals » Have a term plan for the earning member(s) » Review & rebalance periodically » Seek help from a qualified financial planner

Want to try a DIY financial plan?

INVESTOR JOURNALJan 2020

Story of The Month

One day, a professor entered the classroom and announced a surprise

test. Hearing this, all students got anxious and started thinking about

what would come up in the test. The professor distributed the question

paper, with the front side facing down. After handing over the papers

to all the students, he asked them to turn the page and start the test. To

everyone’s surprise, there were no questions in the test paper. There

was just a black dot in the center of the page. Everyone was startled and

looked at the professor in awe. The professor told the students:

“I want you to write a few lines about what you see on the paper.”

All the students were stupefied but since they didn’t have a choice, they

started writing the answer.

Once everyone was through with the test, the professor collected all the

THE BRIGHTER SIDE OF LIFE

MORAL OF THE STORY:

Courtesy : Karvy Learning Center

Direct Dil Se…

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Though these dark spots are quite small as compared to the good things that we have in our lives, yet we allow them to perturb our minds and this does not let us think

positively.

Take your eyes away from the black dots of your life. Try and focus on the brighter side of life and let positivity govern your thoughts.

answer sheets, and started reading out each answer aloud in front of the whole class. Without an exception, all the

students had written about the black dot, mentioning about its position, size etc. After reading out all the answers,

the professor addressed the students and told them:

“None of you will be graded on this test. I just wanted you to ponder over something. All of you wrote about

the black dot. No one wrote about the white part of the paper. The same thing happens in our lives too. We all

have a white paper to observe and learn from, yet we always focus on the dark spots. We have so many reasons

to celebrate – our parents, co-workers, friends, good health, a satisfactory job, a child’s smile, the miracles we

witness every day, and so on.

However, we simply limit our horizons by focusing on just the dark spots – our disappointments, our frustrations,

our fears and anxieties, things that bother us, people that wronged us, etc. In our day-to-day lives, we tend to take

so many good things for granted, and focus our energy on insignificant dot-like failures and disappointments.”

INVESTOR JOURNALJan 2020

Schemes(Monthly SIP of Rs. 10,000)

Current NAV (`)

Present value

(Rs)

3 Year SIP Present value

(Rs)

5 Year SIP

Rs.360000 Rs.600000

Profit-SIP XIRR(%) Profit-SIP XIRR(%)

Large CapAxis Bluechip Fund-Reg(G) 32.02 448190.75 88190.75 15.51 846627.61 246627.61 14.15

Mirae Asset Large Cap Fund-Reg(G) 54.54 418553.37 58553.37 10.54 811262.09 211262.09 12.38

Canara Rob Bluechip Equity Fund-Reg(G) 27.29 427578.14 67578.14 12.08 798969.20 198969.20 11.74

Indiabulls Blue Chip Fund(G) 22.64 410248.08 50248.08 9.11 771689.52 171689.52 10.31

HSBC Large Cap Equity Fund(G) 227.39 409867.59 49867.59 9.05 768948.61 168948.61 10.16

Large & Mid CapMirae Asset Emerging Bluechip-Reg(G) 58.23 423540.29 63540.29 11.40 856803.56 256803.56 14.65

Sundaram Large and Mid Cap Fund(G) 36.95 413280.43 53280.43 9.64 795988.13 195988.13 11.59

Invesco India Growth Opp Fund(G) 36.43 413263.89 53263.89 9.63 786837.91 186837.91 11.11

Kotak Equity Opp Fund(G) 129.28 407462.02 47462.02 8.63 772929.09 172929.09 10.37

Canara Rob Emerg Equities Fund-Auto Rep(G) 97.25 392038.68 32038.68 5.90 767449.71 167449.71 10.08

Multi capJM Multicap Fund(G) 34.90 416895.72 56895.72 10.26 801683.66 201683.66 11.88

Parag Parikh Long Term Equity Fund-Reg(G) 26.94 416801.94 56801.94 10.25 791032.81 191032.81 11.33

Kotak Standard Multicap Fund(G) 37.64 410667.10 50667.10 9.19 789581.40 189581.40 11.25

DSP Equity Fund-Reg(G) 42.85 417003.78 57003.78 10.28 786349.25 186349.25 11.08

Canara Rob Equity Diver Fund-Reg(G) 142.05 415431.92 55431.92 10.01 777698.73 177698.73 10.63

Mid CapAxis Midcap Fund-Reg(G) 39.65 429510.25 69510.25 12.41 805869.64 205869.64 12.10

DSP Midcap Fund-Reg(G) 57.89 390235.66 30235.66 5.58 751508.82 151508.82 9.21

Kotak Emerging Equity Fund(G) 40.97 388892.90 28892.90 5.34 745456.74 145456.74 8.88

Invesco India Midcap Fund(G) 50.48 391815.52 31815.52 5.86 736340.48 136340.48 8.37

Sahara Midcap Fund(G) 83.91 381182.74 21182.74 3.94 734553.22 134553.22 8.27

Small CapSBI Small Cap Fund-Reg(G) 54.28 386437.51 26437.51 4.89 778692.83 178692.83 10.68

Nippon India Small Cap Fund(G) 39.52 355402.89 -4597.11 -0.88 708200.76 108200.76 6.77

L&T Emerging Businesses Fund-Reg(G) 23.23 340907.59 -19092.41 -3.69 695229.03 95229.03 6.01

Kotak Small Cap Fund(G) 74.47 366616.58 6616.58 1.25 686873.46 86873.46 5.51

HDFC Small Cap Fund-Reg(G) 39.31 344778.94 -15221.06 -2.93 686395.80 86395.80 5.49

ELSSAxis Long Term Equity Fund-Reg(G) 49.35 431179.73 71179.73 12.69 812878.89 212878.89 12.46

JM Tax Gain Fund(G) 18.46 414500.83 54500.83 9.85 792322.79 192322.79 11.40

Tata India Tax Savings Fund-Reg(G) 19.36 408387.61 48387.61 8.79 783848.07 183848.07 10.95

DSP Tax Saver Fund-Reg(G) 51.99 409138.09 49138.09 8.92 781282.78 181282.78 10.82

LIC MF Tax Plan(G) 73.04 419380.59 59380.59 10.69 779518.72 179518.72 10.72

SectorTaurus Banking & Fin Serv Fund-Reg(G) 29.40 462368.03 102368.03 17.80 885066.19 285066.19 16.01

Invesco India Financial Services Fund(G) 63.85 443693.67 83693.67 14.77 882764.05 282764.05 15.90

Sahara Banking & Financial Services Fund(G) 78.67 446749.91 86749.91 15.27 867458.53 267458.53 15.17

ICICI Pru Banking & Fin Serv Fund(G) 70.38 422820.24 62820.24 11.27 861214.88 261214.88 14.86

Sundaram Fin Serv Opp Fund(G) 48.45 446983.67 86983.67 15.31 855624.15 255624.15 14.59

IndexHDFC Index Fund-Sensex(G) 368.65 432218.12 72218.12 12.86 811322.20 211322.20 12.38

HDFC Index Fund-Sensex(G)(Post Addendum) 368.65 432218.12 72218.12 12.86 811322.20 211322.20 12.38

Tata Index Fund-Sensex Plan(G) 102.29 431579.89 71579.89 12.75 804758.88 204758.88 12.04

Nippon India Index Fund - Sensex Plan(G) 20.38 427948.82 67948.82 12.14 795290.32 195290.32 11.55

LIC MF Index Fund-Sensex Plan(G) 76.96 428024.41 68024.41 12.15 791400.47 191400.47 11.35

As on 31st Dec’19 8Source : ACE MF

SIP Performance

INVESTOR JOURNALJan 2020

Category Average Returns

Category Sub Category1 Week Return

1 Month Return

6 Month Return

1 Year Return

3 Year Return

5 Year Return

Since Inception

Market Cap

Large-cap -1.63 0.78 1.83 9.74 11.23 8.28 10.17

Large and mid cap -1.47 0.44 2.35 8.52 10.45 8.99 12.27

Mid-cap -0.89 1.31 0.68 2.38 8.16 7.81 7.87

Multi-cap -1.59 0.52 2.32 7.83 10.17 7.98 8.55

Small-cap -0.02 2.01 -1.69 -1.13 4.81 7.04 3.55

Sector Funds

Banks & Financial Services -2.93 0.33 1.27 16.58 16.82 10.95 15.59

Consumption -1.73 0.04 3.06 4.34 10.54 8.55 8.17

Energy & Power 0.14 3.03 -0.45 6.04 6.52 8.56 12.11

Infrastructure -0.09 1.44 -4.54 2.64 5.88 4.91 6.18Pharma & Health Care -0.29 0.90 8.99 4.41 0.28 1.60 8.00

Service Industry -1.32 1.10 5.92 13.97 7.64 7.49 15.65

TECk 0.69 3.52 3.84 11.77 15.13 8.60 12.82

Speciality

Contra -1.42 0.69 1.95 8.58 13.79 10.17 12.82

Dividend Yield -0.73 1.34 1.96 4.11 7.97 5.91 11.74

Global 12.88 40.32 21.14 26.07 12.22 8.33 9.55

MNC -1.45 -0.22 4.39 2.91 9.74 7.93 12.83

Equity Exchange Traded Funds -0.05 13.73 5.38 10.45 5.33 8.07 5.53

Equity Linked Savings Scheme -1.46 0.75 0.57 6.10 10.22 8.41 8.83

Equity Savings Scheme -0.57 0.45 1.92 6.70 6.42 6.56 6.51

Focused Fund -1.58 0.76 3.78 11.59 11.60 8.87 9.55

Index

Nifty -2.13 0.58 1.53 11.51 13.65 8.37 10.18

Nifty Next 50 -2.08 0.08 2.12 0.83 8.19 8.61 4.74

Sensex -2.12 0.50 3.15 14.29 15.31 8.87 12.46

Others -1.51 0.77 1.14 3.25 8.86 5.70 9.31

Aggressive Hybrid Fund -1.34 0.39 1.94 7.55 7.99 7.10 10.29

Balanced Advantage -0.91 0.56 2.31 9.00 9.34 8.17 9.32

Dynamic Asset Allocation -1.01 0.15 3.08 5.83 7.75 6.31 7.77

Multi Asset Allocation -0.46 1.19 4.20 9.72 7.24 7.04 10.49

Banking and PSU Fund 9.93 6.96 9.05 9.89 7.32 8.02 8.01

Corporate Bond 10.53 6.86 7.91 8.20 6.35 7.54 6.92

Credit Risk Fund -52.18 -7.40 4.42 0.53 3.61 6.65 2.55

Dynamic Bond 3.65 9.29 6.00 7.60 5.24 7.16 7.68

GiltLong Term -10.60 18.78 3.60 12.76 7.15 8.70 11.88Short and Medium term -1.93 12.17 5.46 10.77 5.84 8.01 8.30

Floating Rate 7.84 6.06 7.72 8.41 7.15 7.66 7.50

Liquid 4.94 4.90 5.40 6.18 6.50 7.01 7.06

Ultra Short Term Plan 7.00 -4.45 6.98 6.90 6.42 7.20 3.98

Gold ETFs 268.54 87.64 36.41 27.08 11.55 7.23 6.74

Gold FOFs 250.83 83.75 37.34 28.13 10.48 6.93 3.66

Note: Debt Mutual funds & Golds funds are annualised for less than 1 year returns

Returns are as on 07th Jan’20209

Source : ACE MF

INVESTOR JOURNALJan 2020

Fixed Deposits Schemes

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FD Name Rating IndustryInterest Rate

* (Up to)

Bajaj Finance Ltd.FAAA by CRISILICRA MAAA

Bajaj Finserv is the most diversifed non-bank in the country, the largest financier of consumer durables in India and one of the most profitable firms in the category.

8.35%

HDFC Ltd.FAAA by CRISIL, MAAA by ICRA

A pioneer and leader in housing finance in India, since inception, HDFC has assisted more than 4.9 million customers to own a home of their own. HDFC is the Largest mobiliser of public deposits outside the banking system and the HDFC Group has a strong asset base of over Rs.2.97 trillion and a customer base of over 42.5 million.

7.60%

ICICI Home Finance Ltd

CRISIL FAAA/Stable, CARE AAA/Stable, ICRA MAAA/Stable

ICICI Home Finance Company Limited is one of the leaders in the Indian mortgage finance and realty space.

8.05%

LIC Housing Finance Ltd.

FAAA / STABLE by CRISIL

One of India’s largest housing finance companies, having nation-wide network. Consistent record of dividend payments.

7.85%

Mahindra & Mahindra Financial Services Ltd

CRISIL FAAAMahindra and Mahindra Financial Services Limited (MMFSL) commenced its journey two decades back in the rural non-banking finance industry.

8.50%

PNB Housing Finance Ltd.

FAAA/Stable by CRISIL, AAA by CARE

PNB Housing Finance (PNBHF) is a subsidiary of Punjab National Bank and a partner of Destimoney Enterprises Pvt. Ltd. PNBHF was incorporated in 1988 and is based in New Delhi.

8.40%

Shriram City Union Finance Ltd.

MAA+ (Stable) by ICRA

As a deposit-accepting non-banking financial company (NBFC), Shriram City is today India’s premier financial services company specializing in retail finance.

9.25%

Shriram Unnati Deposits

FAAA/Stable by CRISIL, MAA+/Stable by ICRA

With a track record of about 30 years in this business, STFC is among the leading organized finance provider for the commercial vehicle industry

9.02%

Sundaram Home Finance Ltd.

FAAA/STABLE by CRISIL

Sundaram BNP Paribas Home Finance combines its expertise in Home Finance with the Service Orientiation of its promoter Sundaram Finance.

8.50%

* highest rate including additional interest for Senior citizens, employees etc. wherever applicable

INVESTOR JOURNALJan 2020

Equity Funds Performance

Scheme NameLatest

NAV (`)

Absolute(%) CAGR(%)

1 Year 3 Year 5 Year SINCE INCEPTION

Large Cap

Mirae Asset Large Cap Fund-Reg(G) 54.54 14.66 15.35 11.70 15.52

Axis Bluechip Fund-Reg(G) 32.02 19.51 19.93 10.38 12.34

Canara Rob Bluechip Equity Fund-Reg(G) 27.29 17.73 15.66 9.55 11.30

SBI BlueChip Fund-Reg(G) 41.70 13.59 11.23 9.50 10.77

Indiabulls Blue Chip Fund(G) 22.64 14.02 13.10 9.33 10.90

Multi Cap

Motilal Oswal Multicap 35 Fund-Reg(G) 27.05 9.62 11.55 11.79 19.12

Kotak Standard Multicap Fund(G) 37.64 14.21 13.90 10.95 13.71

SBI Magnum Multicap Fund-Reg(G) 51.45 13.09 12.33 10.69 12.13

Parag Parikh Long Term Equity Fund-Reg(G) 26.94 16.68 13.89 10.61 16.19

Aditya Birla SL Equity Fund(G) 766.12 10.80 10.94 10.33 22.51

Large & Mid Cap

Mirae Asset Emerging Bluechip-Reg(G) 58.23 17.37 16.89 15.71 20.39

Canara Rob Emerg Equities Fund-Auto Rep(G) 97.25 10.20 13.40 11.40 16.58

Canara Rob Emerg Equities Fund-Reg(G) 97.25 10.20 13.40 11.40 16.58

Quant Large & Mid Cap Fund(G) 37.89 4.46 7.55 10.84 10.73

DSP Equity Opportunities Fund-Reg(G) 235.61 13.37 11.74 10.66 17.45

Mid Cap

Kotak Emerging Equity Fund(G) 40.97 11.23 10.64 10.46 11.67

DSP Midcap Fund-Reg(G) 57.89 11.69 10.66 10.31 14.29

L&T Midcap Fund-Reg(G) 134.22 2.06 9.74 10.16 18.35

Axis Midcap Fund-Reg(G) 39.65 12.10 17.19 9.60 16.78

Taurus Discovery (Midcap) Fund-Reg(G) 43.77 3.10 10.41 8.93 6.00

Small Cap

SBI Small Cap Fund-Reg(G) 54.28 8.70 14.70 13.50 17.81

Axis Small Cap Fund-Reg(G) 32.24 20.69 14.17 11.07 21.16

L&T Emerging Businesses Fund-Reg(G) 23.23 -5.27 9.22 10.37 16.09

Nippon India Small Cap Fund(G) 39.52 0.20 9.36 10.04 15.92

HDFC Small Cap Fund-Reg(G) 39.31 -7.01 10.02 8.71 12.35

Performance as on 03rd Jan’2020; Funds have been arranged on the basis of 5 years performance

11Source : ACE MF

INVESTOR JOURNALJan 2020

Equity Funds Performance

Scheme NameLatest

NAV (`)

Absolute (%) CAGR (%)

1 Year 3 Year 5 Year SINCE INCEPTION

ELSS

Tata India Tax Savings Fund-Reg(G) 19.36 15.38 14.19 11.73 13.47

Axis Long Term Equity Fund-Reg(G) 49.35 16.61 17.37 11.05 17.27

DSP Tax Saver Fund-Reg(G) 51.99 16.94 12.69 10.74 13.56

Quant Tax Plan(G) 94.59 3.92 9.94 10.57 12.04

JM Tax Gain Fund(G) 18.46 16.88 15.35 10.08 5.35

Sector

Aditya Birla SL Banking & Financial Services Fund-Reg(G) 31.57 16.54 17.66 13.43 20.90

Invesco India Financial Services Fund(G) 63.85 22.44 20.73 13.31 17.53

ICICI Pru Banking & Fin Serv Fund(G) 70.38 15.35 18.18 13.23 18.72

DSP Natural Res & New Energy Fund-Reg(G) 33.04 8.30 7.15 12.24 10.76

Mirae Asset Great Consumer Fund-Reg(G) 37.36 10.57 18.13 11.99 16.21

Thematic

ICICI Pru US Bluechip Equity Fund(G) 32.31 33.20 16.73 13.34 16.93

Aditya Birla SL India GenNext Fund(G) 91.61 15.64 15.50 12.34 16.60

Canara Rob Consumer Trends Fund-Reg(G) 42.36 13.74 16.71 11.02 15.03

Aditya Birla SL Digital India Fund(G) 55.59 13.57 16.19 10.89 8.96

Sundaram Rural and Consumption Fund(G) 42.32 4.26 8.59 10.72 11.14

Value

JM Value Fund(G) 33.74 14.30 11.75 10.51 15.74

Tata Equity P/E Fund(G) 138.98 8.00 10.46 9.61 18.48

L&T India Value Fund-Reg(G) 36.46 7.07 8.70 9.58 13.82

Nippon India Value Fund(G) 75.94 8.04 11.85 7.99 14.92

HDFC Capital Builder Value Fund(G) 288.47 1.98 10.02 7.74 13.84

Index

HDFC Index Fund-Sensex(G) 368.65 16.88 16.41 9.31 14.98

HDFC Index Fund-Sensex(G)(Post Addendum) 368.65 16.88 16.41 9.31 14.98

UTI Nifty Index Fund-Reg(G) 80.26 15.18 15.06 8.87 11.06

HDFC Index Fund-NIFTY 50 Plan(G) 111.67 14.90 14.93 8.81 14.59

HDFC Index Fund-NIFTY 50 Plan(G)(Post Addendum) 111.67 14.90 14.93 8.81 14.59

Performance as on 03rd Jan’2020; Funds have been arranged on the basis of 5 years performance12

Source : ACE MF

INVESTOR JOURNALJan 2020

Debt Funds Performance

Scheme NameLatest

NAV (`)Absolute(%) CAGR(%)

1 Year 3 Year 5 Year SINCE INCEPTION

Gilt Funds

IDFC G-Sec-Constant Maturity Plan-Reg(G) 31.95 15.52 10.74 10.34 6.73

SBI Magnum Constant Maturity Fund(G) 44.88 12.83 9.38 10.03 8.21

ICICI Pru Constant Maturity Gilt Fund(G) 16.92 13.70 8.08 9.59 10.41

Nippon India Gilt Securities Fund(G) 27.45 13.27 7.62 9.50 9.28

SBI Magnum Gilt Fund-Reg(G) 45.28 13.71 7.14 9.18 8.25

Liquid Funds Latest NAV (`) 1 Month 3 Months 6 Months 1 Year

Quant Liquid Plan(G) 30.63 0.50 1.54 3.30 7.08

Mahindra Liquid Fund-Reg(G) 1265.70 0.45 1.38 2.96 6.70

PGIM India Insta Cash Fund(G) 253.82 0.45 1.36 2.91 6.70

Nippon India Liquid Fund(G) 4760.84 0.44 1.34 2.91 6.68

Aditya Birla SL Liquid Fund(G) 313.61 0.45 1.34 2.94 6.67

Scheme NameLatest

NAV (`)Absolute(%) CAGR(%)

1 Year 3 Year 5 Year SINCE INCEPTION

Balanced

SBI Equity Hybrid Fund-Reg(G) 146.28 14.71 13.06 9.89 15.90

Principal Hybrid Equity Fund(G) 77.43 3.60 10.63 9.24 10.79

DSP Equity & Bond Fund-Reg(G) 164.08 15.39 10.68 9.21 14.53

ICICI Pru Equity & Debt Fund(G) 140.66 10.67 9.70 9.20 14.00

ICICI Pru Balanced Advantage Fund(G) 38.19 11.86 10.28 9.16 10.84

Conservative Hybrid

ICICI Pru Regular Savings Fund(G) 45.43 9.85 8.80 8.97 10.07

Kotak Debt Hybrid Fund(G) 33.28 11.84 6.57 7.84 7.76

SBI Debt Hybrid Fund-Reg(G) 41.41 8.78 5.13 7.36 7.85

Aditya Birla SL Regular Savings Fund(G) 40.59 6.54 5.61 7.34 9.38

Baroda Conservative Hybrid Fund(G) 25.72 11.56 6.96 7.25 6.36

Arbitrage Latest NAV (`) 1 Month 3 Months 6 Months 1 Year

DSP Arbitrage Fund-Reg(G) 11.25 0.43 1.32 2.81 6.56

Tata Arbitrage Fund-Reg(G) 10.67 0.41 1.37 2.82 6.55

BNP Paribas Arbitrage Fund-Reg(G) 12.03 0.41 1.39 2.85 6.39

UTI Arbitrage Fund-Reg(G) 26.07 0.40 1.41 2.84 6.37

IDFC Arbitrage Fund-Reg(G) 24.40 0.38 1.26 2.71 6.36

Gold-FOF Latest NAV (`) 1 Year 3 Years 5 Years SINCE INCEPTION

DSP World Gold Fund-Reg(G) 14.80 34.47 4.67 7.51 3.24

Quantum Gold Saving Fund-Reg(G) 16.31 24.17 10.51 6.92 5.76

Kotak Gold Fund(G) 16.64 25.19 11.20 6.84 5.97

SBI Gold-Reg(G) 12.53 24.39 10.87 6.84 2.75

ICICI Pru Regular Gold Savings Fund(FOF)(G) 13.31 22.94 10.42 6.84 3.53

Performance as on 03rd Jan’2020

Hybrid Funds Performance

13Source : ACE MF

INVESTOR JOURNALJan 2020

Indices Watch

Index NameAs on

29-Nov-19As on

31-Dec-19%

Change

S&P BSE 100 12,142.8 12,236.2 0.77%

S&P BSE 200 5,046.5 5,078.4 0.63%

S&P BSE 500 15,567.7 15,667.4 0.64%

S&P BSE AUTO Index 18,099.5 18,485.0 2.13%

S&P BSE BANKEX 36,191.0 36,671.5 1.33%

S&P BSE Capital Goods 17,384.5 16,943.9 -2.53%

S&P BSE Consumer Durables 24,872.7 25,011.6 0.56%

S&P BSE DOLLEX 30 4,665.2 4,750.0 1.82%

S&P BSE FMCG 11,723.6 11,405.9 -2.71%

S&P BSE GREENEX 2,787.6 2,822.9 1.27%

S&P BSE Health Care 13,603.3 13,429.1 -1.28%

S&P BSE IT 14,875.1 15,475.8 4.04%

S&P BSE METAL Index 9,779.0 10,428.2 6.64%

S&P BSE Mid-Cap 15,084.9 14,967.8 -0.78%

S&P BSE O & G Index 15,155.6 14,744.8 -2.71%

S&P BSE Power Index 1,924.8 1,926.3 0.08%

S&P BSE PSU 7,072.7 6,955.6 -1.66%

S&P BSE Realty Index 2,166.5 2,280.5 5.26%

S&P BSE SENSEX 40,793.8 41,253.7 1.13%

S&P BSE Small-Cap 13,560.6 13,699.4 1.02%

S&P BSE TECk Index 7,460.8 7,717.6 3.44%

Indian Indices:

Index NameAs on

29-Nov-19As on

31-Dec-19%

Change

NIFTY PHARMA 8,190.0 8,040.2 -1.83%

INDIA VIX 13.9 11.7 -16.05%

NIFTY IT 14,998.1 15,652.4 4.36%

NIFTY SERV SECTOR 17,063.2 17,452.9 2.28%

Nifty Financial Services 14,208.9 14,557.4 2.45%

NIFTY BANK 31,946.1 32,161.7 0.67%

NIFTY 50 12,056.1 12,168.5 0.93%

NIFTY FMCG 30,975.5 30,121.5 -2.76%

NIFTY 100 12,182.6 12,267.8 0.70%

NIFTY CONSUMPTION 4,994.8 4,956.6 -0.76%

NIFTY 200 6,220.7 6,255.0 0.55%

NIFTY MNC 13,779.2 13,789.0 0.07%

NIFTY 500 9,813.7 9,872.6 0.60%

NIFTY ENERGY 16,232.2 15,908.2 -2.00%

Nifty 500 Shariah 2,947.5 2,976.2 0.97%

NIFTY DIV OPPS 50 2,540.0 2,537.1 -0.11%

NIFTY AUTO 8,086.0 8,248.3 2.01%

Nifty Midcap 50 4,722.8 4,701.1 -0.46%

NIFTY PSU BANK 2,669.9 2,524.4 -5.45%

NIFTY MEDIA 1,834.9 1,803.6 -1.71%

NIFTY COMMODITIES 3,431.9 3,432.1 0.01%

NIFTY METAL 2,625.5 2,801.3 6.70%

NIFTY INFRA 3,323.3 3,255.3 -2.05%

NIFTY PSE 3,261.6 3,226.6 -1.07%

NIFTY REALTY 282.1 298.6 5.85%

Global Indices:

Index NameAs on

29-Nov-19As on

31-Dec-19%

Change

All Ordinaries 6,948 6,802.4 -2.10%

BEL-20 3,907 3,956 1.26%

Bovespa 108,233 115,645 6.85%

CAC 40 5,905 5,978 1.23%

Dow Jones 28,051 28,538 1.74%

FTSE 100 7,347 7,542 2.67%

Hang Seng 26,346 28,190 7.00%

Nasdaq 8,665 8,973 3.54%

Nikkei 225 23,294 23,657 1.56%

NYSE 13,545 13,913 2.72%

S&P 500 3,141 3,231 2.86%

Straits Times 3,193.920 3,222.440 0.89%

DisclaimerThe information and views presented in this report are prepared by Karvy Stock Broking Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Stock Broking nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document.

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Production: Naga Babu K

14

Source : ACE MF