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AXIS EQUITY SAVER FUNDOpen Ended Equity Scheme
Debt: I-sec Sovereign Bond Index, MIP: Crisil MIP Blended Index, Balanced: Crisil Balanced Fund Inex, Equity: Nifty 50
Index. Above representation is for illustration purpose.
Axis Equity Saver Fund – Relative positioning
Equity
Equity Saver Model
MIP
Debt
Cash
5%
6%
7%
8%
9%
10%
11%
12%
13%
0% 5% 10% 15% 20% 25% 30% 35%
Po
ten
tia
l R
etu
rns
Risk
Endeavour to generate capital appreciation and income distribution, by investing
in equity, arbitrage opportunities and debt
Fixed income – Invest dynamically
across the yield curve
(20-35% of the portfolio)
Equity – All-cap strategy
(20-45% of the portfolio)
Capital
Appreciation
Regular
IncomeStability
Hedged Equity/ Cash futures
arbitrage
(20-60% of the portfolio)
Axis Equity Saver Fund
Equity(20-45%)
Actively managed diversified portfolio of strong
growth companies
Hedged Equity/Cash-futures arbitrage
(20-60%)
Make advantage of market inefficiencies
Debt(20-35%)
High quality papers with portfolio duration based
on interest rate view
Tax efficient
Gross equity exposure
of 65 -80 %
Endeavours to provide
regular income and
adds stability to the
portfolio
Aims to better portfolio
returns with potential for
capital growth
Asset Allocation + Tax Efficiency
Equity: 0%Multi-asset strategy: 5%
Equity: 57%Multi-asset strategy: 27%
Equity: -60%Multi-asset strategy : -28%
Diversification: Consistently good rather than occasionally great
Source: AMFI Portal, Bloomberg, ACEMF. Data period : Apr 2002-Mar 2018. Multi-asset strategy: 45% CNX Nifty Index + 35% I-sec Sovereign Bond
Index + 20% Crisil Liquid Fund Index (The arbitrage component of the representative portfolio is benchmarked to Crisil Liquid Fund Index), Equity: CNX
NiftyThe arbitrage component of the model portfolio is benchmarked to Crisil Liquid Fund Index.
0
2000
4000
6000
8000
10000
Jan/08 Jan/09 Jan/10 Jan/11 Jan/12 Jan/13 Jan/14 Jan/15 Jan/16 Jan/17 Jan/18
Diversification provides stability and improves the risk-return mix
Source: AMFI Portal, Bloomberg, ACEMF. Data period : Apr 2002 to Mar 2018. Model portfolio: 40% Nifty 50 ndex + 35% I-sec Sovereign Bond
Index + 25% Crisil Liquid Fund Index (The arbitrage component of the representative portfolio is benchmarked to Crisil Liquid Fund Index),
Equity: Nifty 50, Bonds: I-Sec Sovereign Bond Index, *The arbitrage component of the model portfolio is benchmarked to Crisil Liquid Fund
Index. All returns annualized. Above data is only for illustration purpose and does not indicate any expected returns from the fund. Past
performance may or may not be sustained in future
3 yr rolling
-5%
2% 4% 3%
59%
14%9%
25%
15%
8% 7%11%
-50%
-30%
-10%
10%
30%
50%
70%
Equity Bonds Crisil Liquid Fund Index* Equity Saver Model (40%Nifty 50 Index + 35% I-Sec Sov Bond Index +
25% CRISIL Liquid FundIndex)
Period 2002 - 2018 3 yr rolling returns
Limiting Drawdown – Across market cycles
Past performance may or may not be sustained in future. Source: ACEMF, Equity Saver Strategy: 40% Nifty
50 Index + 35% I-sec Sovereign Bond Index + 25% Crisil Liquid Fund Index (The arbitrage
component of the representative portfolio is benchmarked to Crisil Liquid Fund Index), Equity: Nifty
50. Balanced Strategy – Crisil Balanced Fund Index. Drawdown is the measure of the decline from a
historical peak in index value/NAV at a given point in time.
-70%
-60%
-50%
-40%
-30%
-20%
-10%
0%
Feb-02 Feb-04 Feb-06 Feb-08 Feb-10 Feb-12 Feb-14 Feb-16 Feb-18
Equity (Nifty 50 Index)
Equity Saver Model (40% Nifty 50 Index+ 35% I-Sec Sov Bond Index + 25%CRISIL Liquid Fund Index)
Follows a multi cap strategy
Focus on quality stocks
with sustainable
growth potential
Focus on bottom up
stock picking with an
endeavor to add value to
investor’s returns
Investment Strategy – Equity
Market Cap Mix*79% Large cap,
21% Midcap
Top 10 holdings 34.8%
Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity
markets. Large Cap: Large cap >= Market Cap of 100th stock by market cap in Nifty 500 Index (currently 23,490 crs); Midcap: Market cap of 400th Stock in
Nifty 500 Index (currently 2,982 crs) <= Midcap < Market Cap of 100th stock by market cap in Nifty 500 Index (currently 23,490 crs); Small Cap: Small Cap <
Market cap of 400th Stock in Nifty 500 Index (currently 2,982 crs).
The range will be monitored quarterly based on average of last 4 quarters. The range is calculated based on average of last 4 quarters ended Dec 2017
* Top 10 of Unhedged equity exposure
Fixed income portion of the portfolio can invest across
the yield curve
Currently invested
majority in 1-5 year corpbonds with
some exposure to
G-Sec
Seek to provide
stability to investor’s
portfolio and limit the
downside
Investment Strategy – Fixed Income
Asset Mix (Debt)* As on 28th Mar 2018
Corporate Bonds 23.3%
G-sec 6.2%
PTC 0.6%
Allocation & maturity is based on the current market conditions and is subject to changes depending on the fund manager’s view of the markets.. The
calculation is based on the invested corpus. Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the
Scheme(s) and should not be construed as recommendation. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time.
Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). * Of total exposure
Portfolio Update – 28th Mar 2018
Allocation & maturity is based on the current market conditions and is subject to changes depending on the fund manager’s view of the markets. ^The yield
to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe
generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested
corpus. Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as
recommendation. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Investors are requested to consult their
financial, tax and other advisors before taking any investment decision(s). *Net equity exposure
Top 10 Stocks* % of NAV
Infibeam Incorporation Ltd. 6.82%
Mahindra & Mahindra Financial
Services Ltd.6.82%
Maruti Suzuki India Limited 3.22%
Century Textiles & Inds. Limited 2.93%
H D F C Bank Limited 2.90%
Britannia Industries Limited 2.85%
Reliance Industries Limited 2.64%
Housing Development Finance
Corpn. 2.61%
Bajaj Finance Limited 2.10%
Dewan Housing Finance Corpn.
Limite1.95%
Portfolio Characteristics:
Average Maturity 4.3 years
Modified Duration 3.0 years
Yield to Maturity^ 8.41%41.5%
35.1%
23.4%
Total Unhedged Equity
Debt Allocation
Arbitrage Allocation
• Aims to benefit from asset allocation & diversification
• Endeavors to take advantage of growth and stability at the same time
• Helps in leveraging on tax benefits even with moderate participation in pure equity
Benefits of investing in Axis Equity Saver Fund
Performance (As on 28th Mar 2018)
Annexure for returns of schemes managed by fund manager (As on 28th Mar 2018)
Please refer to the next slide for detailed disclaimers
Annexure for returns of schemes managed by fund manager (As on Mar 28th, 2018)
Statutory Details and Risk Factors
Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability
restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC) Risk
Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.
This document represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. This
document does not constitute advice to buy/sell any scheme of Axis Mutual Fund. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Ltd. nor
Axis Asset Management Company Ltd., its Directors or associates shall be liable for any damages including lost revenue or lost profits that may
arise from the use of the information contained herein. No representation or warranty is made as to the accuracy, completeness or fairness of
the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be
required from time to time.
Please consult your tax adviser with respect to the specific tax implications
Data as on Mar 28th 2018
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.