Investor Journal for the month of Dec - 2019€¦ · Apart from FII and MF activity, Key domestic data released in the month of December were: 1 The BSE Sensex index ended the last

KARVY’s

January, 2021

INVESTOR JOURNAL

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What’s Inside

KARVY’sINVESTOR JOURNAL

Fund of the MonthAxis Focused 25 Fund-Reg(G)

To generate long term capital appreciation by investing ...January, 2021

Market ReviewPage 01

Karvy Investment InsightPage 03

Fund of The MonthPage 04

Readers CornerPage 05

Story of The MonthPage 06

SIP PerformancePage 07

Category Average ReturnsPage 08

Fixed Deposits SchemesPage 09

Equity Funds PerformancePage 10

Debt Funds PerformancePage 12

Indices WatchPage 13

Highlights of the Month » Average Assets Under Management (AAUM) of Indian

Mutual Fund Industry for the month of November 2020 stood at ₹ 29,83,420 crore.

» Assets Under Management (AUM) of Indian Mutual Fund Industry as on November 30, 2020 has crossed a landmark of Rs. 20 Lakh crore and stood at ₹30,00,904 crore.

» The AUM of the Indian MF Industry has grown from ₹ 6.65 trillion as on November 30, 2010 to ₹30.01 trillion as on November 30, 2020 about 4 ½ fold increase in a span of 10 years.

» The MF Industry’s AUM has grown from ₹ 12.95 trillion as on November 30, 2015 to ₹30.01 trillion as on November 30, 2020, about 2 ½ fold increase in a span of 5 years.

» The Industry’s AUM had crossed the milestone of ₹10 Trillion (₹10 Lakh Crore) for the first time in May 2014 and in a short span of about three years, the AUM size had increased more than two folds and crossed ₹ 20 trillion (₹20 Lakh Crore) for the first time in August 2017. The AUM size crossed ₹ 30 trillion (₹30 Lakh Crore) for the first time in November 2020. The Industry AUM stood at ₹30.01 Trillion (₹ 30.01 Lakh Crore) as on November 30, 2020.

» There was a small reduction in number of folios by about 40,000 during the month of November 2020. The total number of accounts (or folios as per mutual fund parlance) as on November 30, 2020 stood at 9.37 crore (93.7 million), while the number of folios under Equity, Hybrid and Solution Oriented Schemes, wherein the maximum investment is from retail segment stood at about 7.99 crore (79.9 million).

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K E E P G R O W I N G FINANCIAL PRODUCT

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INVESTOR JOURNALJan, 2021


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Market Review

Exports: » Exports in November 2020 were USD 23.52

Billion, as compared to USD 25.77 Billion in November 2019, exhibiting a negative growth of (-) 8.74 per cent. In Rupee terms, exports were Rs. 1,74,559.49 Crore in November 2020, as compared to Rs. 1,84,142.27 Crore in November 2019, registering a negative growth of (-) 5.20 per cent.

» The commodities/commodity groups which have recorded negative growth during November 2020 vis-à-vis November 2019 are Petroleum products (-59.73%), Leather & leather products (-29.8%), Cashew (-24.53%), Plastic & Linoleum (-23.26%), Marine products (- 16.1%), Oil seeds (-15.2%), Man-made yarn/fabs./made-ups etc. (-11.06%), Engineering goods (-8.12%), Organic & inorganic chemicals (-8.06%), Coffee (-1.27%) and RMG of all textiles (-1.19%).

» Cumulative value of exports for the period April-November 2020-21 was USD 173.66 Billion (Rs. 12,95,935.38 Crore) as against USD 211.17 Billion (Rs. 14,84,386.50 Crore) during the period April-November 2019-20, registering a negative growth of (-) 17.76 per cent in Dollar terms (negative growth of (-) 12.70 per cent in Rupee terms).

» Non-petroleum and Non-Gems and Jewellery exports in November 2020 were USD 19.29 Billion, as compared to USD 19.37 Billion in November 2019, registering a negative growth of (-) 0.40 per cent. Non-petroleum and Non-Gems and Jewellery exports in April-November 2020-21 were USD 144.11 Billion, as compared to USD 157.09 Billion for the corresponding period in 2019-20, which is a decrease of (-) 8.26 per cent.

Imports: » Imports in November 2020 were USD 33.39

Billion (Rs. 2,47,839.85 Crore), which is a decline of (-) 13.32 per cent in Dollar terms and (-) 9.96 per cent in Rupee terms over imports of USD 38.52 Billion (Rs 2,75,255.20 Crore) in November 2019. Cumulative value of imports for the period April-November 2020-21 was USD 215.69 Billion (Rs. 16,09,382.96 Crore), as against USD 324.59 Billion (Rs. 22,80,659.04 Crore) during the period April-November 2019-20, registering a negative growth of (-) 33.55 per cent in Dollar terms and a negative growth of (-) 29.43 per cent in Rupee terms.

Crude Oil and Non-Oil Imports: » Oil imports in November 2020 were USD 6.27

Billion (Rs. 46,529.71 Crore), which was 43.36 percent lower in Dollar terms (41.17 percent lower in Rupee terms), compared to USD 11.07 Billion (Rs. 79,090.66 Crore) in November 2019. Oil imports in April-November 2020-21 were USD 44.11 Billion (Rs. 3,29,460.58 Crore) which was 48.71 per cent lower in Dollar terms (45.48 percent lower in Rupee terms) compared to USD 85.99 Billion (Rs. 6,04,310.34 Crore), over the same period last year.

» In this connection it is mentioned that the global Brent price ($/bbl) has decreased by 31.10% in November 2020 vis-à-vis November 2019 as per data available from World Bank.

» Non-oil imports in November 2020 were estimated at USD 27.12 Billion (Rs. 2,01,310.14 Crore) which was 1.20 percent lower in Dollar terms (2.62 percent higher in Rupee terms), compared to USD 27.45 Billion (Rs. 1,96,164.54 Crore) in November 2019. Non-oil imports in

April-November 2020-21 were USD 171.58 Billion (Rs. 12,79,922.38 Crore) which was 28.09 per cent lower in Dollar terms (23.65 percent lower in Rupee terms), compared to USD 238.60 Billion (Rs. 16,76,348.70 Crore) in April-November 2019-20.

» Non-Oil and Non-Gold imports were USD 24.10 Billion in November 2020, recording a negative growth of (-) 1.67 per cent, as compared to Non-Oil and Non-Gold imports of USD 24.51 Billion in November 2019. Non-Oil and Non-Gold imports were USD 159.28 Billion in April-November 2020-21, recording a negative growth of (-) 26.94 per cent, as compared to Non-Oil and Non-Gold imports of USD 218.01 Billion in April-November 2019-20.

Trade Balance:MERCHANDISE: The trade deficit for November 2020 was estimated at USD 9.87 Billion as against the deficit of USD 12.75 Billion in November 2019, which is a decline of (-) 22.57 percent.SERVICES: As per RBI’s Press Release dated 15th December 2020, the trade balance in Services (i.e. Net Services export) for October 2020 is USD 7.06 Billion. The estimated trade balance in November 2020* is USD 7.08 Billion.OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade surplus for April-November 2020-21* is estimated at USD 13.59 Billion as compared to the deficit of USD 61.06 Billion in April-November 2019-20.

CPI Inflation:Consumer Price Index CPI in India increased to 158.90 points in November from 158.40 points in October of 2020. India’s retail price inflation eased to 6.93 percent year-on-year in November 2020, from an over six-year high of 7.61 percent in the previous month and compared with market expectations of 7.10 percent. Sill, inflation remained above the central bank’s 2-6 percent target range for an eighth straight month. Cost of food increased at a slower pace (9.43 percent vs 11.0 percent), as well as prices of pan, tobacco and intoxicants (10.36 percent vs 10.65 percent), housing (3.19 percent vs 3.27 percent), and fuel and light (1.90 percent vs 2.28 percent). On the other hand, inflation picked up for clothing and footwear (3.30 percent vs 3.17 percent) and miscellaneous (6.94 percent vs 6.88 percent).

WPI Inflation:India’s wholesale prices increased 1.55 percent from a year earlier in November 2020, the most since February and compared with market expectations of 1.62 percent, mainly boosted by an increase in cost of manufactured products (2.97 percent vs 2.12 percent in October). Meanwhile, food wholesale price inflation slowed (3.94 percent vs 6.37 percent), while prices of fuel and power fell (-9.87 percent vs -10.95 percent).

IIP:Industrial production in India jumped 3.6 percent year-on-year in October of 2020, following an upwardly revised 0.5 percent rise in September and beating market forecasts of 1.1 percent. It is the strongest gain since February, before the coronavirus hit, as more activities reopen after a long lockdown. Manufacturing went up 3.5 percent, the first rise in eight months and electricity output surged 11.2 percent. In contrast, mining shrank 1.5 percent.

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

1

The BSE Sensex index ended the last trading day of the year at an all-time high of 47,751, booking a 15.8% yearly gain in 2020. Market sentiment has been supported by record inflows from foreign institutional investors, massive fiscal and monetary policy support globally, and the roll-out of COVID-19 vaccines. The Subject Expert Committee, the panel that advises the Drug Controller General of India on new drugs and vaccines, will be meeting on January 1st to hold discussions over granting approval to a COVID-19 vaccine for emergency use in India, days after the UK regulator approved the emergency use of the AstraZeneca-Oxford University drug. Nifty 50 closed at 14018 up 14.14% YoY.

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2

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

S&P BSE SENSEX

Date Close Price Points Diff %age Change

1-Dec-2020 44,655 - -

8-Dec-2020 45,609 953 2.13%

15-Dec-2020 46,263 655 1.44%

22-Dec-2020 46,007 -256 -0.55%

29-Dec-2020 47,613 1606 3.49%

Overall Change for the month 6.62%

NIFTY 50

Date Close Price Points Diff %age Change

1-Dec-2020 13,109 - -

8-Dec-2020 13,393 284 2.17%

15-Dec-2020 13,568 175 1.31%

22-Dec-2020 13,466 -102 -0.75%

29-Dec-2020 13,933 466 3.46%

Overall Change for the month 6.28%

Sensex & Nifty: (Month Between 01-Dec-2020 to 31-Dec-2020)

MF Activity: (Month Between 01-Dec-2020 to 31-Dec-2020)

Equity

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

01-Dec-2020 2,536 3,322 -786

08-Dec-2020 2,588 4,558 -1,970

15-Dec-2020 2,669 4,593 -1,924

16-Dec-2020 2,340 3,992 -1,652

17-Dec-2020 1,057 2,213 -1,156

For the Month 32,997 52,370 (19,373)

Debt


01-Dec-2020 5,610 4,802 809

08-Dec-2020 4,680 4,559 121

15-Dec-2020 7,943 6,837 1,106

16-Dec-2020 8,199 7,676 523

17-Dec-2020 1,424 1,377 46

For the Month 79,116 66,970 12,146

FII Activity: (Month Between 01-Dec-2020 to 31-Dec-2020)Equity


01-Dec-2020 75,717 66,584 9,133

08-Dec-2020 8,730 5,315 3,414

15-Dec-2020 8,751 5,274 3,477

22-Dec-2020 6,871 6,848 23

29-Dec-2020 3,456 1,755 1,702

For the Month 255,918 193,903 62,016

Debt


01-Dec-2020 645 1,247 -602

08-Dec-2020 289 469 -180

15-Dec-2020 2,394 711 1,682

22-Dec-2020 484 1,305 -821

29-Dec-2020 420 312 108

For the Month 23,329 19,250 4,079

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



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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.

3

Changing India – Growing in Disruptive Times----------------------------------------------------------------------------------------------------------------------------------------------------------

Covid & Disruption

Year 2020, brought a new global crisis in the form of Covid-19 pandemic led lockdowns and a complete dislocation of businesses be it in manufacturing as well as services, as all kinds of personnel movement (except essential goods and services) came to a halt. This was true of most parts of the world but all the more for a densely populated country like India where health infrastructure would have found it difficult to handle massive infections. Yet, with the help of a reasonably strong telecom infrastructure, large portions of the workforce isolated themselves and continued working from their homes.

Businesses across the board started moving to digital mode, except for the core construction, manufacturing and logistics. This continues even with the opening up, as we see minimal movement of men and material and we await the arrival of vaccine.

Even with a permanent cure, we believe that there will be lasting changes to our way of life in terms of embracing newer innovations. Large portion of the country has seen all aspects of life from work to education to shopping to entertainment turn online. The fourth industrial revolution (4IR) is about a whole new way of agile manufacturing using robotics and AI; Strong data privacy laws would make sure that individuals while giving their personal information are protected. In this “Digital Economy”, as quoted by an eminent banker, “Geography is history”.

Businesses can be operated remotely anywhere, anytime and by anyone; with access to the right technological backbone. This will give boost to data and analytics driven growth in artificial intelligence and machine learning based environment, that eventually leads to further automation and in turn creates a virtuous cycle of disruption. No company or sector can remain isolated from these swooping changes.

Equity markets have started to recognize this new reality across industries and we have also seen many start-ups thriving and getting higher funding avenues, even in these difficult times.

Source : EDELWEISS AMC



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4

‘Tweets’ of the Month

Fund of The Month

Axis Focused 25 Fund-Reg(G))

Investment Objective:

To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies.

Portfolio:

Top 10 Companies Holdings

Name %age

Bajaj Finance Ltd. 10.3

Tata Consultancy Services Ltd. 8.5

Kotak Mahindra Bank Ltd. 8.2

HDFC Bank Ltd. 7.4

Reliance Industries Ltd. 6.6

Housing Development Finance Corporation Ltd. 5.8

Avenue Supermarts Ltd. 5.7

Maruti Suzuki India Ltd. 5.4

Info Edge (India) Ltd. 5.3

Divis Laboratories Ltd. 5.0

Top 10 Sector Wise Holding

Industry Name (%)

Bank - Private 16.8

IT - Software 13.3

Finance - NBFC 10.3

Pharmaceuticals & Drugs 6.8

Refineries 6.6

Finance - Housing 5.8

Retailing 5.7

Automobiles - Passenger Cars 5.4

BPO/ITeS 5.3

Plastic Products 4.9

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

So, Burger #burgerkingipo ho gaya, biscuits ho gaya #MrsBectorsFoodIPO ab

Biryani... #jubilantfoodworks

Hope the party continues for retail investors.

@Shreepad_A

Three imp #mutualfund rules will be effective from Jan 1

1. New Risk-o-Meter

2. Uniformity of NAV (orders >2lk will get NAV when funds

reach AMC)

3. New safeguards wrt Inter Scheme Transfers

@SumairaAbidi

US: 46.4% have invested in Mutual Funds

IND: Only 2% have invested in Mutual Funds

@EdelweissMF

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Readers Corner

5

LIKE US ON FACEBOOK

Source : PPFAS AMC

Quick question: When was the last time you woke up in the morning and felt completely certain about the way your day would pan out? Sure, you may have aimed at accomplishing a series of tasks and also meticulously planned your path. Despite this, you tacitly knew and acknowledged that there was always the possibility that things may not turn out as planned. This, however, did not paralyse you and make you sit at home.

The point I am making is that we live in an uncertain world. While some factors are within our control, there are others which are not. That is why I am puzzled to hear some market mavens advise stockmarket investors to desist from investing now and step in when things are certain.

Investors appear to be taking this advice rather seriously. We read reports in various media as to how retail investors are jettisoning stocks and fleeing to safer havens such as gold. This phenomenon is not restricted to India alone. The abiding global sentiment prevailing today is that stocks are ‘risky’ and should therefore be avoided. The grief-inducing headlines in various newspapers are further cementing this belief. Everyone says that they will invest when times are ‘more certain’.

But is ‘risk’ always positively correlated with ‘uncertainty’? The question may seem rhetorical but it is not.

While the term ‘risk’ may mean different things to different investors, to an equity investor it usually refers to the possibility of capital loss. But this loss could occur at any time, not only when the times are uncertain. Besides, the definition of ‘uncertainty’ itself is not cast in stone. Also, the occurrence of an event will not have the same impact on all. For instance, if Greece leaves

the Eurozone later this year, it may adversely impact most Greek companies but may have no impact on most Indian companies. Similarly, a petrol price hike in India may cause an uproar over here but will not incense a driver in the USA.

Coming back to my earlier contention, it is worth pondering over the question as to when was the last time everything was ‘certain’. Uncertainty has always been a part of the economic and political landscape for the past few centuries, both here and abroad. Investors who wait for the last cloud to clear will be waiting forever.

I strongly believe that beyond a certain point, risk actually reduces as prices fall, even if the degree of uncertainty remains at an elevated level. I may be wrong, but I believe that we appear to be in that phase at present. Prices of many good stocks have fallen precipitously but the level of uncertainty remains stubbornly high. Today, valuations are attractive although they may not be compelling. However, waiting for that ‘most’ compelling valuation is a mug’s game. It is great if you get it but it is possible that the train will leave before you get on to it.

Will prices fall some more from here on? Sure, they may… but a temporary loss is not the same as a permanent loss. Investors should fear the latter much more.

Permanent capital loss is more likely to occur when you buy stocks when during exuberant times when everything looks rosy (Imagine purchasing DLF/Suzlon in December 2007 when the whole world was convinced about the India growth story) rather than buying during seemingly gloomy times. Think about it…

Risk vs Uncertainty



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Story of The Month

A lion was resting in its cave along with its small cubs and the lioness was out to hunt. A dog entered the cave and started smelling the tender cubs.

The lion woke up and roared at the dog, which fled the scene in a trice.

After sometime, the dog went inside the cave, started smelling the cubs and once again the lion woke up and roared, driving the dog out like mad.

This scene got repeated a few times. The dog stood outside the cave for some time, observed the things carefully and went inside the cave once again.

This time the dog went to the lion instead of the cubs and bit his thigh. The lion grew wild and roared and started chasing the

KNOW YOUR TERRITORY

MORAL OF THE STORY:

Courtesy : Karvy Learning Center

Direct Dil Se…

6

You should know your territory and that of the enemy (Competitor) i.e. you should know your strengths and weaknesses

as well as those of your competition before pitching for your product.

dog. The dog went outside the cave, keeping a watch on the lion’s movements and skillfully making the lion to follow him angrily along the path chosen by it (the dog). At the opportune moment, the dog barked tantalizingly at the lion and immediately went through the small gap between two trees.

The lion which was chasing away the dog madly followed it blindly and tried to pass through the same gap. The lion was able to somehow squeeze his body through half way but then was trapped in that gap, unable to move neither forward nor backward. The dog had comfortably passed through the gap because its body was thin, but now the lion with a bigger body was trapped.

The dog came back, bit the lion merrily a few times, and went leisurely back to the cave to see if it could eat one of the cubs for lunch.



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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) 38.37 486508.66 126508.66 20.55 935537.96 335537.96 17.80

Canara Rob Bluechip Equity Fund-Reg(G) 33.41 488635.86 128635.86 20.86 914694.54 314694.54 16.88

Mirae Asset Large Cap Fund-Reg(G) 61.71 454571.70 94571.70 15.73 853203.23 253203.23 14.05

Edelweiss Large Cap Fund(G) 44.17 459688.69 99688.69 16.52 849668.30 249668.30 13.88

BNP Paribas Large Cap Fund(G) 113.72 466628.89 106628.89 17.58 848974.93 248974.93 13.85

Large & Mid CapMirae Asset Emerging Bluechip-Reg(G) 70.58 488438.01 128438.01 20.83 934199.99 334199.99 17.74

Canara Rob Emerg Equities Fund-Reg(G) 120.51 469727.21 109727.21 18.05 876594.99 276594.99 15.14

Canara Rob Emerg Equities Fund-Auto Repurchase(G) 120.51 469727.21 109727.21 18.05 876594.99 276594.99 15.14

Principal Emerging Bluechip Fund(G) 131.99 460894.30 100894.30 16.70 849079.31 249079.31 13.85

Quant Large & Mid Cap Fund(G) 48.44 470894.93 110894.93 18.22 843164.58 243164.58 13.57

Multi capQuant Active Fund(G) 266.76 528018.74 168018.74 26.50 982099.77 382099.77 19.79

Parag Parikh Long Term Equity Fund-Reg(G) 35.34 504412.37 144412.37 23.16 955015.46 355015.46 18.64

UTI Equity Fund-Reg(G) 200.00 512934.37 152934.37 24.38 952990.98 352990.98 18.55

PGIM India Diversified Equity Fund-Reg(G) 18.90 511044.18 151044.18 24.11 922854.23 322854.23 17.24

Canara Rob Equity Diver Fund-Reg(G) 172.88 474321.57 114321.57 18.74 890973.98 290973.98 15.81

Mid CapAxis Midcap Fund-Reg(G) 50.04 491306.35 131306.35 21.25 940144.39 340144.39 18.00

PGIM India Midcap Opp Fund-Reg(G) 27.14 526914.84 166914.84 26.35 916392.34 316392.34 16.95

Quant Mid Cap Fund(G) 78.39 505361.51 145361.51 23.29 901458.58 301458.58 16.28

Invesco India Midcap Fund(G) 62.45 465985.37 105985.37 17.48 855517.48 255517.48 14.16

DSP Midcap Fund-Reg(G) 70.90 467173.30 107173.30 17.66 853672.55 253672.55 14.07

Small CapSBI Small Cap Fund-Reg(G) 71.45 490306.02 130306.02 21.11 935843.16 335843.16 17.81

Axis Small Cap Fund-Reg(G) 39.28 493548.22 133548.22 21.58 911639.74 311639.74 16.74

Quant Small Cap Fund(G) 70.40 546784.43 186784.43 29.09 899553.04 299553.04 16.20

Kotak Small Cap Fund(G) 98.00 494842.51 134842.51 21.77 870146.43 270146.43 14.84

Nippon India Small Cap Fund(G) 50.07 460790.52 100790.52 16.69 845762.14 245762.14 13.69

ELSSSBI Tax Advantage Fund-III-Reg(G) 38.68 549427.98 189427.98 29.45 1055171.57 455171.57 22.75

SBI Tax advantage Fund-II(G) 54.25 531109.50 171109.50 26.93 1011771.11 411771.11 21.01

Quant Tax Plan(G) 138.09 536121.91 176121.91 27.63 984363.79 384363.79 19.88

Mirae Asset Tax Saver Fund-Reg(G) 23.12 485262.24 125262.24 20.36 939978.77 339978.77 17.99

BOI AXA Tax Advantage Fund-Reg(G) 72.88 495363.22 135363.22 21.85 920256.19 320256.19 17.12

SectorICICI Pru Technology Fund(G) 98.89 611840.02 251840.02 37.63 1200400.64 600400.64 28.13

Franklin India Technology Fund(G) 260.40 578139.01 218139.01 33.29 1120700.13 520700.13 25.26

SBI Technology Opp Fund-Reg(G) 98.64 552077.58 192077.58 29.81 1075175.85 475175.85 23.53

Nippon India Pharma Fund(G) 253.09 580422.37 220422.37 33.58 1029691.17 429691.17 21.74

Tata India Pharma & Healthcare Fund-Reg(G) 15.13 573778.22 213778.22 32.71 972045.99 372045.99 19.37

IndexHDFC Index Fund-Sensex(G) 426.22 471665.49 111665.49 18.34 887004.88 287004.88 15.62

Tata Index Fund-Sensex Plan(G) 117.65 468592.83 108592.83 17.87 878347.16 278347.16 15.23

Nippon India Index Fund - Sensex Plan(G) 23.63 470232.24 110232.24 18.12 877992.06 277992.06 15.21

LIC MF Index Fund-Sensex Plan(G) 88.78 468777.67 108777.67 17.90 871619.96 271619.96 14.91

IDFC Nifty Fund-Reg(G) 29.33 465112.78 105112.78 17.35 864077.20 264077.20 14.56

As on 31st December’2020 7Source : ACE MF

SIP Performance



FORTUNE

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 1.74 6.58 30.12 12.33 6.79 10.99 11.29

Large and mid cap 2.05 6.08 33.74 16.80 5.34 11.33 15.10

Mid-cap 2.60 6.25 39.36 24.33 3.65 10.90 14.10

Multi-cap 2.13 6.07 32.32 16.86 6.09 10.96 12.09

Small-cap 2.89 7.72 45.91 27.06 -0.64 10.15 11.12

Sector Funds

Banks & Financial Services 2.66 5.10 37.92 -0.68 5.39 12.93 12.88

Consumption 2.16 7.91 28.15 19.06 6.13 11.98 11.73

Energy & Power 3.09 6.52 32.44 18.14 0.48 11.99 13.45

Infrastructure 2.60 7.55 30.93 9.19 -3.15 6.44 6.49Pharma & Health Care 0.98 6.02 36.80 67.20 17.81 8.52 25.32

Service Industry 2.23 8.06 35.24 16.79 4.87 7.45 15.75

TECk 2.22 10.07 61.56 58.30 26.40 17.90 14.57

Speciality

Contra 2.08 6.01 32.94 18.55 8.73 13.77 13.32

Dividend Yield 1.49 11.21 30.72 12.75 3.10 8.48 12.79

Global 69.52 31.44 42.06 15.77 12.05 11.75 13.28

MNC 1.60 6.86 25.83 18.71 4.05 8.63 17.22

Equity Exchange Traded Funds 2.24 7.05 35.60 13.81 9.17 11.81 14.33

Equity Linked Savings Scheme 2.29 6.77 36.02 18.60 4.56 11.77 11.72

Equity Savings Scheme 0.84 2.67 13.72 9.46 5.64 7.16 7.67

Focused Fund 1.96 6.57 31.94 16.28 6.77 11.64 13.74

Index

Nifty 1.97 6.91 34.80 15.45 10.28 12.28 15.07

Nifty Next 50 2.15 6.52 26.60 15.09 1.73 10.03 15.74

Sensex 1.88 7.10 35.41 16.42 12.70 13.16 13.27

Others 2.30 6.50 36.37 17.31 5.82 9.91 17.09

Aggressive Hybrid Fund 1.64 5.06 26.86 14.99 6.05 9.49 11.35

Balanced Advantage 1.03 3.60 18.30 11.21 7.88 9.74 11.60

Dynamic Asset Allocation 0.90 2.93 15.77 12.80 6.26 7.92 9.77

Multi Asset Allocation 1.19 4.76 22.96 16.71 8.81 9.68 11.72

Banking and PSU Fund 9.31 4.05 6.93 9.77 8.76 8.36 7.90

Corporate Bond 9.68 4.59 5.09 8.79 7.94 7.87 7.12

Credit Risk Fund 9.55 7.53 1.92 -2.01 1.49 3.95 -0.28

Dynamic Bond 11.09 7.34 6.48 7.88 7.41 7.71 6.81

GiltLong Term 16.30 6.97 6.18 12.07 11.38 10.36 8.91Short and Medium term 14.94 6.30 5.49 10.77 9.22 8.92 8.51

Floating Rate 7.97 6.57 7.64 9.01 8.00 7.81 8.14

Liquid 3.22 2.98 3.08 3.92 5.78 6.26 6.72

Ultra Short Term Plan 4.12 3.03 2.57 4.21 6.09 6.63 5.28

Gold ETFs -101.57 -51.18 1.74 25.39 16.92 12.39 9.24

Gold FOFs 10.17 46.84 3.92 27.14 18.04 13.72 5.67

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

Returns are as on 03rd January’20218

Source : ACE MF



FORTUNE

Fixed Deposits Schemes

9

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.

6.85%

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.

6.30%

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.

6.35%

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.

6.00%

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.

6.70%

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.

6.95%

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.

8.80%

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

8.83%

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.

6.75%

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



FORTUNE

Equity Funds Performance

Scheme NameLatest

NAV (`)

Absolute(%) CAGR(%)

1 Year 3 Year 5 Year SINCE INCEPTION

Large Cap

Axis Bluechip Fund-Reg(G) 38.42 19.93 15.26 14.94 13.02

Canara Rob Bluechip Equity Fund-Reg(G) 33.50 22.69 14.18 14.43 12.36

Mirae Asset Large Cap Fund-Reg(G) 61.93 13.52 8.85 13.76 15.37

HSBC Large Cap Equity Fund(G) 262.02 15.19 9.18 12.69 19.80

Edelweiss Large Cap Fund(G) 44.29 17.03 10.35 12.28 13.65

Multi Cap

Parag Parikh Long Term Equity Fund-Reg(G) 35.39 31.30 14.82 15.10 18.09

Quant Active Fund(G) 268.77 43.44 14.12 14.92 18.08

UTI Equity Fund-Reg(G) 201.22 31.77 15.73 14.92 15.56

JM Multicap Fund(G) 39.13 12.06 7.66 13.54 11.75

PGIM India Diversified Equity Fund-Reg(G) 19.00 35.62 11.77 13.23 11.63

Large & Mid Cap

Mirae Asset Emerging Bluechip-Reg(G) 71.06 21.97 10.44 17.32 20.55

Principal Emerging Bluechip Fund(G) 132.60 22.20 5.30 13.92 23.72

Canara Rob Emerg Equities Fund-Reg(G) 121.14 24.50 7.48 13.82 17.08

Canara Rob Emerg Equities Fund-Auto Repurchase(G) 121.14 24.50 7.48 13.82 17.08

LIC MF Large & Midcap Fund-Reg(G) 18.49 14.13 6.46 13.62 11.07

Mid Cap

Axis Midcap Fund-Reg(G) 50.34 26.89 13.69 14.91 17.78

DSP Midcap Fund-Reg(G) 71.43 23.31 7.11 13.47 14.91

Kotak Emerging Equity Fund(G) 49.81 21.51 6.02 13.15 12.37

Taurus Discovery (Midcap) Fund-Reg(G) 54.97 25.52 6.09 12.31 6.68

Invesco India Midcap Fund(G) 62.92 24.58 7.25 12.29 14.35

Small Cap

SBI Small Cap Fund-Reg(G) 72.20 32.92 4.35 15.59 19.08

Axis Small Cap Fund-Reg(G) 39.54 22.58 10.44 13.97 21.38

Kotak Small Cap Fund(G) 99.08 32.96 5.84 12.87 15.55

Nippon India Small Cap Fund(G) 50.57 27.89 1.85 12.55 17.04

HDFC Small Cap Fund-Reg(G) 46.47 18.17 -0.11 11.06 12.80

Performance as on 01st January’2021; Funds have been arranged on the basis of 5 years performance

10Source : ACE MF



FORTUNE

Equity Funds Performance

Scheme NameLatest

NAV (`)

Absolute (%) CAGR (%)


ELSS

SBI Tax advantage Fund-II(G) 54.57 34.62 12.76 18.79 21.35

SBI Tax Advantage Fund-III-Reg(G) 38.86 37.52 15.83 18.72 22.20

Mirae Asset Tax Saver Fund-Reg(G) 23.25 20.85 11.18 18.18 18.31

Quant Tax Plan(G) 139.01 46.83 13.64 17.51 13.51

BOI AXA Tax Advantage Fund-Reg(G) 73.42 32.20 7.91 14.40 18.31

Sectoral

ICICI Pru Technology Fund(G) 99.74 68.52 28.20 19.24 11.66

Franklin India Technology Fund(G) 262.08 54.82 25.63 18.14 19.35

SBI Banking & Financial Services Fund-Reg(G) 21.14 5.39 12.03 17.81 13.65

Tata Banking & Financial Services Fund-Reg(G) 22.16 2.71 9.32 17.08 17.19

SBI Technology Opp Fund-Reg(G) 99.16 45.36 25.29 16.31 19.99

Thematic

Aditya Birla SL Digital India Fund(G) 87.49 57.23 26.80 19.05 10.89

Tata Digital India Fund-Reg(G) 23.51 52.67 28.25 18.63 18.58

Nippon India US Equity Opp Fund(G) 21.34 21.31 19.59 17.04 14.93

ICICI Pru US Bluechip Equity Fund(G) 38.01 17.59 18.39 16.33 17.02

SBI Magnum Comma Fund-Reg(G) 47.66 22.93 3.81 15.70 10.66

Value

JM Value Fund(G) 38.21 13.20 4.51 12.74 15.63

Tata Equity P/E Fund(G) 155.78 12.06 3.51 12.16 18.08

UTI Value Opp Fund-Reg(G) 77.10 18.75 9.09 11.17 14.12

Nippon India Value Fund(G) 88.00 15.84 4.51 10.05 14.98

L&T India Value Fund-Reg(G) 41.64 14.18 2.15 10.04 13.86

Index

HDFC Index Fund-Sensex(G) 427.27 15.86 12.99 13.71 15.03

Tata Index Fund-Sensex Plan(G) 117.93 15.25 12.74 13.24 15.82

Nippon India Index Fund - Sensex Plan(G) 23.69 16.22 12.63 13.02 8.76

IDFC Nifty Fund-Reg(G) 29.41 15.92 11.48 13.01 10.63

UTI Nifty Index Fund-Reg(G) 92.50 15.21 11.31 12.96 11.26

Performance as on 01st January’2021; Funds have been arranged on the basis of 5 years performance11

Source : ACE MF



FORTUNE

Debt Funds Performance

Scheme NameLatest

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


Gilt Funds

IDFC G-Sec-Constant Maturity Plan-Reg(G) 36.02 12.72 13.05 11.03 7.04

ICICI Pru Constant Maturity Gilt Fund(G) 19.15 13.14 11.99 10.81 10.85

SBI Magnum Constant Maturity Fund(G) 49.97 11.30 11.17 10.45 8.36

Nippon India Gilt Securities Fund(G) 30.40 10.72 10.53 10.26 9.40

IDFC G-Sec-Invest-Reg(G) 27.97 13.31 11.58 10.22 8.89

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

Quant Liquid Plan(G) 32.13 4.93 6.39 6.76 7.94

Aditya Birla SL Liquid Fund(G) 326.90 4.25 6.11 6.53 7.32

IDBI Liquid Fund(G) 2179.25 4.49 6.18 6.53 7.70

Nippon India Liquid Fund(G) 4961.00 4.22 6.11 6.53 9.83

PGIM India Insta Cash Fund(G) 264.30 4.15 6.09 6.53 7.56

Scheme NameLatest

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


Balanced

Aditya Birla SL Balanced Advantage Fund(G) 64.22 14.82 8.01 10.92 9.40

HDFC Balanced Advantage Fund(G) 218.07 7.36 4.81 10.45 16.38

ICICI Pru Balanced Advantage Fund(G) 42.59 11.49 8.37 10.05 10.89

Nippon India Balanced Advantage Fund(G) 105.01 10.88 6.86 9.86 15.68

HDFC Balanced Advantage Fund(G)(Adjusted) 218.07 7.36 3.93 9.27 17.71

Conservative Hybrid

ICICI Pru Regular Savings Fund(G) 50.40 10.90 8.62 9.81 10.12

Kotak Debt Hybrid Fund(G) 37.87 13.75 8.20 9.47 8.10

Baroda Conservative Hybrid Fund(G) 29.12 13.18 9.27 8.72 6.77

Canara Rob Conservative Hybrid Fund-Reg(G) 68.69 13.70 9.21 8.41 8.71

SBI Debt Hybrid Fund-Reg(G) 47.09 13.67 7.15 8.40 8.14

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

Nippon India Arbitrage Fund(G) 20.65 4.01 5.68 5.85 7.35

Edelweiss Arbitrage Fund-Reg(G) 14.98 4.17 5.53 5.84 6.40

Kotak Equity Arbitrage Fund(G) 28.77 4.04 5.52 5.83 7.17

L&T Arbitrage Opp Fund-Reg(G) 14.84 4.44 5.55 5.80 6.24

UTI Arbitrage Fund-Reg(G) 27.13 4.05 5.52 5.75 7.12

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

DSP World Gold Fund-Reg(G) 19.13 29.20 16.51 18.36 5.00

Kotak Gold Fund(G) 20.75 24.60 18.98 13.74 7.75

SBI Gold-Reg(G) 15.56 24.11 18.07 13.58 4.86

Aditya Birla SL Gold Fund(G) 15.59 23.08 17.76 13.47 5.18

Axis Gold Fund-Reg(G) 15.53 24.05 19.03 13.47 4.89

Performance as on 02nd January’2020

Hybrid Funds Performance

12Source : ACE MF



FORTUNE

Indices Watch

Index NameAs on

27-Nov-2020As on

31-Dec-2020%

Change

S&P BSE 100 13,050.6 14,100.5 8.04%

S&P BSE 200 5,480.6 5,906.9 7.78%

S&P BSE 500 16,995.0 18,300.1 7.68%

S&P BSE AUTO Index 20,128.8 20,811.5 3.39%

S&P BSE BANKEX 33,884.0 35,888.4 5.92%

S&P BSE Capital Goods 17,022.5 18,744.8 10.12%

S&P BSE Con Durables 27,045.7 30,393.5 12.38%

S&P BSE DOLLEX 30 4,903.6 5,366.1 9.43%

S&P BSE FMCG 11,725.6 12,609.0 7.53%

S&P BSE GREENEX 3,129.1 3,414.2 9.11%

S&P BSE Health Care 20,318.5 21,681.2 6.71%

S&P BSE IT 21,635.4 24,248.3 12.08%

S&P BSE METAL Index 10,218.9 11,599.4 13.51%

S&P BSE Mid-Cap 16,914.7 17,941.4 6.07%

S&P BSE O & G Index 13,251.2 14,090.1 6.33%

S&P BSE Power Index 1,999.4 2,062.1 3.14%

S&P BSE PSU 5,295.0 5,781.3 9.18%

S&P BSE Realty Index 2,061.7 2,478.1 20.20%

S&P BSE SENSEX 44,149.7 47,751.3 8.16%

S&P BSE Small-Cap 16,875.2 18,098.1 7.25%

S&P BSE TECk Index 9,969.3 11,101.2 11.35%

Indian Indices:

Index NameAs on

27-Nov-2020As on

31-Dec-2020%

Change

NIFTY PHARMA 11,839.2 12,915.9 9.09%

INDIA VIX 19.8 21.1 6.45%

NIFTY IT 21,764.9 24,251.4 11.42%

NIFTY SERV SECTOR 18,192.4 19,625.9 7.88%

Nifty Financial Services 14,293.2 15,208.0 6.40%

NIFTY BANK 29,609.1 31,264.1 5.59%

NIFTY 50 12,969.0 13,981.8 7.81%

NIFTY FMCG 31,718.8 34,177.1 7.75%

NIFTY 100 13,080.3 14,090.8 7.72%

NIFTY CONSUMPTION 5,390.4 5,912.7 9.69%

NIFTY 200 6,727.7 7,231.8 7.49%

NIFTY MNC 14,946.4 15,653.5 4.73%

NIFTY 500 10,719.1 11,518.3 7.46%

NIFTY ENERGY 16,251.9 16,922.5 4.13%

Nifty 500 Shariah 3,635.3 3,984.2 9.60%

NIFTY DIV OPPS 50 2,649.5 2,857.4 7.84%

NIFTY AUTO 8,891.6 9,193.5 3.40%

Nifty Midcap 50 5,557.9 5,872.6 5.66%

NIFTY PSU BANK 1,558.4 1,752.7 12.47%

NIFTY MEDIA 1,503.2 1,649.0 9.70%

NIFTY COMMODITIES 3,605.9 3,800.6 5.40%

NIFTY METAL 2,925.8 3,254.7 11.24%

NIFTY INFRA 3,424.8 3,651.0 6.60%

NIFTY PSE 2,599.5 2,797.1 7.60%

NIFTY REALTY 261.2 313.9 20.16%

Global Indices:

Index NameAs on

27-Nov-2020As on

31-Dec-2020%

Change

All Ordinaries 6,817 6,850.6 0.50%

BEL-20 3,719 3,621 -2.64%

CAC 40 5,598 5,551 -0.84%

Dow Jones 29,910 30,606 2.33%

Dow Jones Comp Index 9,998 10,109 1.11%

FTSE 100 6,368 6,461 1.46%

Hang Seng 26,895 27,231 1.25%

Nasdaq 12,206 12,888 5.59%

NYSE 14,199 14,525 2.30%

S&P 500 3,638 3,756 3.24%

Straits Times 2,856 2,844 -0.42%

Taiwan Weighted 13,867 14,733 6.24%

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.

This report is intended for a restricted audience and we are not soliciting any action based on it.

For more information on MUTUAL FUNDS call1800 425 8282 or contact your nearest Karvy branch.

Contact PF/MFNL/05012021/01

KARVY DistributionE-mail : [email protected]

Phone : 040 3321 7132

Production: Naga Babu K

13

Source : ACE MF

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Investor Journal for the month of Dec - 2019€¦ · Apart from FII and MF activity, Key domestic data released in the month of December were: 1 The BSE Sensex index ended the last