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December 2018
● No flavour of the month schemes
● No Sectoral Funds
● No Closed end funds
● Equity Focus
● Equity○ Buy and hold equity from a Value Investing
approach○ Across Market Capitalisation○ Both Indian and Foreign (up to 35%)○ No currency view taken, most exposure hedged
giving an additional yield● Opportunistic deployments in
○ Cash to futures arbitrage, Delisting / buy back arbitrage, Debt securities
● Tax benefits of Indian Equity Scheme
INDEX 2016 2015 2014 2013 2012
DOW JONES 13.42 -2.23 7.52 26.50 7.26
FTSE 100 14.43 -4.93 -2.71 14.43 5.84
HANG SENG 0.39 -7.16 1.28 2.87 22.91
IBOVESPA 38.93 -13.31 -2.91 -15.50 7.40
KOSPI 3.32 2.39 -4.76 0.72 9.38
NIFTY 50 3.01 -4.06 31.39 6.76 27.70
NIKKEI 0.42 9.07 7.12 56.72 22.94
Source : Value Research
●●●●●●●
Upside & Downside Capture Ratio (3 yrs)
Upside & Downside Capture Ratio (5 yrs)