Upload
sbi-mutual-fund
View
17
Download
0
Embed Size (px)
Citation preview
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Product LabelingThis product is suitable for investors
who are seeking*: Riskometer Long term capital appreciation. Investments in in companies that are
considered emergent and have export orientation/ outsourcing opportunities or globally competitive to participate in growth potential of Indian businesses potential to provide investors maximum growth opportunity.
Capital Agnostic: Flexible
• Large, mid & small caps usually follow the same market trend• However, during times of volatility, large caps have comparatively been more consistent; whereas, when
markets rally, mid & small caps have taken the lead
SBI Emerging Businesses Fund is a market capitalization agnostic fund; it may invest into large, mid and/or small cap stocks in any proportion based on the market conditions making the most of different market phases.
Source: Bloomberg. As on date: Jan 31, 2017.
2010 2011 2012 2013 2014 2015 2016 2017-60%-40%-20%
0%20%40%60%80%
Annual Returns
S&P BSE Large Cap S&P BSE Mid Cap S&P BSE Small Cap
High Conviction: Focused Approach
• The portfolio invests in 20-30 stocks based on return expectations High Conviction
• The current top 10 holdings amount to 61.1% Concentrated
• Since there are no sector holding limits, the portfolio is more flexible thereby allowing the fund manager to hold the sectors that the fund manager believes are the best suited for the portfolio
Flexibility
Bottom-up
Sell - Side
Primary Research
Management Interaction
Earnings ModelStress Testing
Valuations
Quantitative Tools
Bottom Up Strategy
The fund has the flexibility to invest across market caps. However, to maintain liquidity on a portfolio basis, we maintain a meaningful proportion in large caps
Bottom Up: Stock selection is from a bottom up perspective which uses a combination of factors including business model, profitability, growth, management and valuations
Five Pillars of Bottom-up Stock Picking
Management: Integrity, Capability
Consistency
Growth: Cyclicality, Scalability,
Sustainability
Business Model: Competitive Edge,
Market share, Brand Franchise
Valuations: Absolute valuations; relative
to historic valuations & peers
Returns on Capital: Past record,
sustainable drivers
A combination of the above factors are considered for stock picking under the bottom-up approach for mid & small cap stocks
SBI Emerging Businesses Fund
Current StrategyAn actively managed, diversified equity portfolio, currently skewed towards mid and small caps given the sheer size of the population available in this space and the price-value arbitrage due to lower coverage
The fund has no sector holding limits & may invest in any sectors as per the market view.
Since liquidity risks are technically higher and investment is made from a 3-year perspective. To offset this liquidity risk, between one-fourth to one-fifth of the portfolio is into pure large caps (including cash, which has an upper ceiling of 10%)
Source: CRISIL Fund AnalyserRisk Free rate : FBIL Overnight Mumbai Interbank Outright Rate 6.25% as on 31/Jan/2017 Basis for Ration Calculation : 3 Years Daily Data Points
Quantitative Data Ratio
Standard Deviation 14.54%
Beta 0.83
Sharpe Ratio 1.04
Expense Ratio (Regular Plan) 2.12%
Expense Ratio (Direct Plan) 1.42%
Asset Allocation
Fund Details
Currently portfolio skewed towards mid cap stocks
Sector Exposure (%)
Data as on 31.01.2017
Higher concentration on Services, Consumer Goods and Financial Services
Large Cap28.3%
Mid Cap47.7%
Small Cap15.9%
Fu-tures(Lon
g)2.2%
Cash5.9%
Financial Services
Consumer Goods
Services
Pharma
Industrial Manufacturing
Chemicals
Automobile
Healthcare Services
Futures
Cash & Other Recivables
CBLO
- 5.00 10.00 15.00 20.00 25.00
22.21
18.55
18.37
11.62
11.32
7.03
2.52
0.30
2.16
5.67
0.25
Funds Details
Top 10 Holdings Dividend History
Top 10 stocks comprise 61.13% of the fund
Data as on 31.01.2017
Past performance may not be sustained in the future. Pursuant to payment of dividend, the NAV of Dividend option of scheme/plan would fall to the extent of payout and statutory levy, if applicable.
Face Value: Rs. 10/-Past performance may or may not be sustained in future.
Stock Name % of Total AUM
PROCTER & GAMBLE HYGIENE AND HEALTH CARE LTD. 9.54
HDFC BANK LTD. 8.09
SOLAR INDUSTRIES INDIA LTD. 7.03
DIVI'S LABORATORIES LTD. 6.80
THE GREAT EASTERN SHIPPING CO. LTD. 6.00
GRUH FINANCE LTD. 5.94
ELGI EQUIPMENTS LTD. 5.54
KOTAK MAHINDRA BANK LTD. 4.42
3M INDIA LTD. 3.97
WESTLIFE DEVELOPMENT LTD. 3.79
Record Date Dividend (in Rs./ Unit)
NAV(on the day of declaration of
dividend)07-Apr-16
(Regular Plan) 2.0007-Apr-16
(Direct Plan) 2.5028-Nov-14
(Regular Plan) 2.70 21.261626-Apr-13
(Regular Plan) 2.50 15.3680
30-Mar-12 2.50 14.37
30-Jul-09 2.50 11.47
28-Mar-08 2.50 18.14
31-Oct-05 5.10 17.74
Synopsis
MAGNUM SECTOR FUNDS UMBRELLA -
EMERGING BUSINESSES FUND
High Conviction portfolio, concentrated portfolio with no
sector bias
Bottom -up stock picking approach for Mid & Small Caps
The scheme is ideal for investors who would like to invest for long-term
capital appreciation
Market Capitalization agnostic, may invest into Large, Mid or Small caps
Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for growth option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance calculated for Regular Plan.
Performance
31/12/2015 to 30/12/2016
31/12/2014 to 31/12/2015
31/12/2013 to 31/12/2014
Since Inception
Absolute Returns (%)CAGR
Returns (%)
PTP Returns (INR)
SBI Emerging Businesses Fund 2.22 4.33 58.02 20.10 94,987
S&P BSE 500 Index (Scheme Benchmark) 3.78 -0.82 36.96 13.83 49,160
S&P BSE Sensex (Additional Benchmark) 1.95 -5.03 29.89 13.59 47,879
31/12/2015 to 30/12/2016
31/12/2014 to 31/12/2015
31/12/2013 to 31/12/2014
Since Inception-10
0
10
20
30
40
50
60
70
SBI Emerging Businesses Fund - Reg Plan - GrowthScheme Benchmark: - S&P BSE 500Additional Benchmark: - S&P BSE Sensex
Performance of Schemes Managed by R. Srinivasan31/12/2015
to 30/12/2016
31/12/2014 to
31/12/2015
31/12/2013 to
31/12/2014Since Inception
Absolute Returns (%)CAGR
Returns (%)
PTP Returns
(INR)SBI Magnum Equity Fund 4.51 2.43 42.65 14.42 3,32,896
Nifty 50 Index (Scheme Benchmark)
3.01 -4.06 31.39 13.29 2,56,648
S&P BSE Sensex (Additional Benchmark)
1.95 -5.03 29.89 13.45 2,66,462
Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for dividend option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. It is assumed that dividends declared under the scheme have been reinvested at the then prevailing NAV. Growth option introduced on 27/11/2006. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance calculated for Regular Plan Performance of dividend plan for investor would be net of dividend distribution tax as applicable. Performance calculated for Regular Plan
31/12/2015 to
30/12/2016
31/12/2014 to
31/12/2015
31/12/2013 to
31/12/2014 Since Inception
Absolute Returns (%)CAGR
Returns (%)
PTP Returns
(INR)SBI Magnum Global Fund -2.00 7.92 66.56 14.54 205,545
S&P BSE Midcap Index (Scheme Benchmark)
4.69 8.04 54.37 N.A. N.A.
S&P BSE Sensex (Additional Benchmark)
1.95 -5.03 29.89 8.56 62,197
Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for dividend option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. It is assumed that dividends declared under the scheme have been reinvested at the then prevailing NAV. Growth option introduced on 27/06/2005. Additional benchmark as prescribed by SEBI for long-term equity schemes is used for comparison purposes. Performance calculated for Regular Plan. Performance of dividend plan for investor would be net of dividend distribution tax as applicable.
31/12/2015 to 30/12/2016
31/12/2014 to 31/12/2015
31/12/2013 to 31/12/2014 Since Inception
Absolute Returns (%)CAGR
Returns (%)
PTP Returns (INR)
SBI Contra Fund 2.40 -0.10 47.66 19.34 220,670S&P BSE 100 Index(Scheme Benchmark) 3.57 -3.25 32.28 12.45 77,983
S&P BSE Sensex(Additional Benchmark) 1.95 -5.03 29.89 10.97 61,830
Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for dividend option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. It is assumed that dividends declared under the scheme have been reinvested at the then prevailing NAV. Growth option introduced on 06/05/2005. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance of dividend plan for investor would be net of dividend distribution tax as applicable. Performance calculated for Regular Plan
Performance of Schemes Managed by R. Srinivasan
Performance of Scheme Managed by R. Srinivasan & Dinesh Ahuja
31/12/2015 to 30/12/2016
31/12/2014 to 31/12/2015
31/12/2013 to 31/12/2014 Since Inception
Absolute Returns (%) CAGR Returns (%) PTP Returns (INR)
SBI Small and Midcap Fund – Growth 1.29 20.56 110.66 18.73 35,098
S&P BSE Small Cap Index (Scheme Benchmark) 1.77 6.76 69.24 7.33 16,769S&P BSE Sensex (Additional Benchmark) 1.95 -5.03 29.89 7.05 16,453
Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for growth option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance calculated for Regular Plan
31/12/2015 to 30/12/2016
31/12/2014 to 31/12/2015
31/12/2013 to 31/12/2014 Since Inception
Absolute Returns (%) CAGR Returns (%) PTP Returns (INR)
SBI Magnum Balanced Fund – Growth 3.70 7.36 43.24 15.92 230,437Crisil Balanced Fund Index (Scheme Benchmark) 6.66 0.48 25.34 N.A. N.A.S&P BSE Sensex (Additional Benchmark) 1.95 -5.03 29.89 9.90 74,315
Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for dividend option and in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. It is assumed that dividends declared under the scheme have been reinvested at the then prevailing NAV. Growth option introduced on 25/05/2005. Additional benchmark as prescribed by SEBI for equity schemes is used for comparison purposes. Performance calculated for Regular Plan Performance of dividend plan for investor would be net of dividend distribution tax as applicable. Performance calculated for Regular Plan
NAV of the schemes Managed by the Fund Manager
Scheme Name 30/09/2016 30/09/2015 30/09/2014 30/09/2013
SBI Emerging Bussinesses Fund - Growth 94.9869 92.9195 89.0626 56.3634
SBI Magnum Equity Fund - Growth 77.1838 73.8499 72.0967 50.5412
SBI Magnum Global Fund 94 - Growth 131.5278 134.2094 124.3635 74.6667
SBI Contra Fund - Growth 87.2065 85.1642 85.2475 57.7332
SBI Small & Midcap Fund - Growth 35.0975 34.6508 28.7407 13.643
SBI Magnum Balanced Fund - Growth 100.5786 96.9943 90.3475 63.0761
Performance of Schemes Managed by R. Srinivasan
• Mr. Navneet Munot Mr. Navneet Munot joined SBI Funds Management Pvt. Ltd. as Chief Investment Officer in Dec. 2008.
Prior to SBIFM he was the Head of Multi Strategies fund at Morgan Stanley Investment Management before which he worked as the Chief Investment Officer (Fixed Income and Hybrid Funds) of Birla Sun Life Asset Management Company Ltd. Navneet has been associated with the financial services business of the Birla group for over 13 years and worked in various areas such as fixed income, equities and foreign exchange. His articles on matters related to financial markets have widely been published. Navneet holds a Masters in Commerce and is also a rank holder Chartered Accountant. He is a charter holder of Chartered Financial Analyst Institute, US and Chartered Alternative Analyst Institute, US. He has also done Financial Risk Management, FRM from Global Association of Risk Professionals (GARP).
• Mr. R. SrinivasanMr. Srinivasan joined SBI Funds Management as a Senior Fund Manager in May 2009, now heads equities and also directly manages a few funds. He has an experience of nearly 20 years in capital markets having worked with FCH, Principal PNB, Oppenheimer & Co, Indosuez WI Carr and Motilal Oswal, among others. Srinivasan is a post graduate in commerce and has done his MFM from the University of Bombay.
Biographies
SBI Funds Management Private Limited
63% 37%
India’s premier and largest bank with over 200
years experience (Estd: 1806)
Asset base of USD 445 bn*
Pan-India network of ~23,010 branches and
57,986 ATM’s as at end of December 2015
Servicing over 299 million customers
Only Indian bank in Fortune 500 list; ranked
among the top 100 banks in the world
Global leader in asset management
Backed by Credit Agricole and Amundi, the parent
company of Amundi Asset Management listed in
Euronext Paris
More than 2,000 institutional clients and distributors in
30 countries
Over 100 million retail clients via its partner networks
USD 1114 bn AuM as at end of June 2016
Ranking No 1 in Europe, Top 10 worldwide #
Source: SBI Analyst Presentation as on end June 2016. USD 1 = INR 67.03# Source : Amundi website as on end June 2016
SBI Funds Management: India’s First Bank Sponsored Funds
Source: SBI Funds Management Private Limited, AMFI; Average AUM (AAUM) for the quarter ending on Sept 30, 2016
Established in 1987: A leading asset manager in India
• Expertise in managing assets across mutual funds, segregated managed accounts, domestic advisory and offshore advisory business
• Multiple asset classes ranging from equities and debt, money market to ETFs and structured funds
• Investment team of 33 professionals with strong track record
• Broad customer base with ~ 4.60 million folios related to individual, corporate and institutional investors
Broad Investor
Base
AUM USD 14.09 bn
Wide Distribution
Network
Experienced Investment
Team
ExtensiveProductRange
Broad Investor
Base
AAUM Rs. 133,123 crs
Wide Distribution
Network
Experienced Investment
Team
ExtensiveProductRange
SBIFM: A Complete Framework
ExpertiseHighly experienced
teamStrong industry
relationsComplete in-house
research
ProcessesStructured & Disciplined
Rigorous investment templates
Agility with Flexibility
Risk Management
Six member independent team
Coherent monitoring
Group Advantage
25 years of experienceBoth domestic and
international strengthsInvestors trust
Disclaimer
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
This presentation is for information purposes only and is not an offer to sell or a solicitation to buy any mutual fund units/securities. The views expressed herein are based on the basis of internal data, publicly available information & other sources believed to be reliable. Any calculations made are approximations meant as guidelines only, which need to be confirmed before relying on them. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. Neither SBI Funds Management Private Limited, SBI Mutual Fund nor any person connected with it, accepts any liability arising from the use of this information. The recipient of this material should rely on their investigations and take their own professional advice