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Sharekhan Mutual Fund Finder June 2018 | Vol. III, Issue No.

Sharekhan Top Equity & Hybrid Fund Picks


Top Equity Fund Picks Data as on May 2, 2018
Returns (%)
NAV
Scheme Name New Scheme Name Effective Date Absolute Compounded Annualised
(Rs)
6 months 1 yr 3 yrs 5 yrs Since Inception
Large Cap Funds
SBI Bluechip Fund - Growth SBI Bluechip Fund 16-May-18 39 3.3 13.5 12.3 18.3 11.8
ICICI Prudential Focused Bluechip Equity Fund - Growth ICICI Prudential Bluechip Fund 28-May-18 40 0.5 15.2 12.1 16.8 15.0
Reliance Top 200 Fund - Growth Reliance Large Cap Fund 28-Apr-18 33 0.5 14.9 11.5 18.1 11.7
Aditya Birla Sun Life Frontline Equity Fund - Reg - Growth Aditya Birla Sun Life Frontline Equity Fund 4-Jun-18 219 -0.2 10.8 11.3 16.9 21.8
Kotak 50 - Reg - Growth Kotak Bluechip Fund 16-May-18 224 1.4 10.9 10.0 14.7 22.8
Large & Mid Cap Fund
DSP Blackrock Opportunities Fund - Growth DSP BlackRock Equity Opportunities Fund 16-Mar-18 221 -0.8 11.7 15.5 20.1 18.8
Aditya Birla Sun Life Advantage Fund - Growth Aditya Birla Sun Life Equity Advantage Fund 4-Jun-18 425 -3.5 10.2 14.4 22.6 18.5
IDFC Classic Equity Fund - Reg - Growth IDFC Core Equity Fund 28-May-18 46 1.9 13.0 13.4 15.9 12.7
SBI Magnum Multiplier Fund - Growth SBI Large & Mid Cap Fund 16-May-18 217 1.7 15.1 12.8 20.3 14.8
Franklin India Flexi Cap Fund - Growth Franklin India Equity Advantage Fund 4-Jun-18 81 1.6 12.4 9.9 18.8 17.2
Mid Cap Fund
DSP Blackrock Small & Mid Cap Fund - Growth DSP BlackRock Midcap Fund 16-Mar-18 58 4.0 11.5 18.6 26.4 16.6
HDFC Mid-Cap Opportunities Fund - Growth HDFC Mid-Cap Opportunities Fund 23-May-18 60 4.1 14.5 18.0 27.3 17.9
Kotak Emerging Equity Scheme - Reg - Growth Kotak Emerging Equity Scheme 16-May-18 41 3.4 13.2 17.7 27.3 13.6
Aditya Birla Sun Life Mid Cap Fund - Plan A - Growth Aditya Birla Sun Life Mid Cap Fund 21-May-18 321 -0.3 9.5 15.8 23.6 24.9
Franklin India Prima Fund - Growth Franklin India Prima Fund 4-Jun-18 997 4.4 11.2 15.6 26.2 20.7
Small Cap Fund
HDFC Small Cap Fund - Growth HDFC Small Cap Fund 23-May-18 48 13.4 31.8 23.5 25.3 16.7
Aditya Birla Sun Life Small & Midcap Fund - Growth Aditya Birla Sun Life Small Cap Fund 21-May-18 42 -0.1 12.6 21.4 28.2 14.1
Franklin India Smaller Companies Fund - Growth Franklin India Smaller Companies Fund 4-Jun-18 62 4.3 15.1 17.8 30.7 15.9
Kotak Midcap Fund - Reg - Growth Kotak Smallcap Fund 16-May-18 82 5.8 12.2 17.7 24.5 17.3
Focused Fund
SBI Emerg Buss Fund - Growth SBI Focused Equity Fund 16-May-18 139 10.5 27.5 15.7 19.8 21.3
IDFC Focused Equity Fund - Reg - Growth IDFC Focused Equity Fund 15-Mar-18 40 4.6 23.7 13.8 15.5 12.1
Aditya Birla Sun Life Top 100 Fund - Growth Aditya Birla Sun Life Focused Equity Fund 21-May-18 57 -1.5 9.7 11.0 17.5 15.0
Multi Cap Funds
Aditya Birla Sun Life Equity Fund - Growth Aditya Birla Sun Life Equity Fund 21-May-18 728 1.6 13.7 15.5 22.2 24.3
SBI Magnum Multi Cap Fund - Growth SBI Magnum Multi Cap Fund 16-May-18 48 2.1 15.2 14.8 21.1 13.3
Kotak Select Focus Fund - Reg - Growth Kotak Standard Multicap Fund 16-May-18 33 0.1 9.8 14.3 20.7 14.9
DSP BlackRock Equity Fund - Reg - Growth DSP BlackRock Equity Fund -- 38 1.8 11.9 12.8 18.0 13.1
Franklin India Prima Plus - Growth Franklin India Equity Fund 4-Jun-18 588 1.4 11.3 11.1 19.2 18.8
ELSS
Aditya Birla Sun Life Tax Relief 96 - Growth Aditya Birla Sun Life Tax Relief 96 21-May-18 32 5.5 21.1 15.1 22.8 12.2
IDFC Tax Advantage (ELSS) Fund - Reg - Growth IDFC Tax Advantage (ELSS) Fund 15-Mar-18 60 6.6 23.6 14.8 22.1 21.0
DSP BlackRock Tax Saver Fund - Growth DSP BlackRock Tax Saver Fund -- 47 -0.7 9.8 14.5 20.3 14.6
Franklin India Taxshield - Growth Franklin India Taxshield -- 558 1.9 11.3 10.8 18.9 23.5
Reliance Tax Saver (ELSS) Fund - Growth Reliance Tax Saver (ELSS) Fund 28-Apr-18 60 -9.1 7.0 8.7 21.0 15.3
Thematic/Sector Funds
DSP BlackRock Natural Resources & New Energy Fund - Reg - Gth DSP BlackRock Natural Resources & New Energy Fund -- 34 -9.9 8.5 23.0 23.6 12.9
Aditya Birla Sun Life Banking and Financial Services Fund - Reg - Growth Aditya Birla Sun Life Banking and Financial Services Fund 21-May-18 28 0.5 14.2 19.8 -- 26.7
L&T Infrastructure Fund - Reg - Growth L&T Infrastructure Fund 14-May-18 18 -2.7 17.8 18.6 24.1 5.6
ICICI Prudential Banking and Financial Services Fund - Retail - Growth ICICI Prudential Banking and Financial Services Fund 28-May-18 60 -2.8 9.3 18.3 21.8 20.3
IDFC Infrastructure Fund - Reg - Growth IDFC Infrastructure Fund 15-Mar-18 18 -4.3 16.2 17.1 17.4 8.8

BNP Paribas Mutual Fund Equity Schemes


Returns (%)
NAV
Scheme Name New Scheme Name Scheme Category Absolute Compounded Annualised
(Rs)
6 months 1 yr 3 yrs 5 yrs Since Inception
BNP Paribas Mid Cap Fund - Growth BNP Paribas Mid Cap Fund Mid Cap Fund 34 -7.4 6.3 13.8 23.8 10.8
BNP Paribas Dividend Yield Fund - Growth BNP Paribas Multi Cap Fund Multi Cap Fund 48 -5.5 10.8 12.2 19.1 13.2
BNP Paribas Long Term Equity Fund - Growth BNP Paribas Long Term Equity Fund ELSS 38 -2.1 11.2 9.7 18.0 11.4
BNP Paribas Equity Fund - Growth BNP Paribas Large Cap Fund Large Cap Fund 85 0.7 9.9 9.0 16.3 17.0
(Effective Date for BNP scheme is 10th May 18)

Hybrid Funds (Returns in % <1 Year absolute and >1 year CAGR)

Scheme Name New Scheme Name Effective Date AUM NAV 6 Months 1 Year 3 Years 5 Years Since Inception
Aggressive Hybrid Fund
ICICI Prudential Balanced Fund - Growth ICICI Prudential Equity & Debt Fund 30-Apr-18 28,807 127 -1.0 10.8 12.4 17.9 14.7
HDFC Balanced Fund - Growth HDFC Hybrid Equity Fund 1-Jun-18 21,779 150 0.9 11.7 12.3 19.3 16.6
Reliance RSF-Balanced - Growth Reliance Equity Hybrid Fund 28-Apr-18 13,426 55 0.3 13.1 12.1 17.1 14.2
DSP Blackrock Balanced Fund - Growth DSP BlackRock Equity & Bond Fund 16-Mar-18 7,190 148 1.1 8.3 11.8 16.2 15.3
SBI Magnum Balanced Fund - Growth SBI Equity Hybrid Fund 16-May-18 23,581 128 1.4 16.0 10.7 17.7 16.1
Conservative Hybrid Fund New Scheme Name Effective Date AUM NAV 6 Months 1 Year 3 Years 5 Years Exp Ratio
Aditya Birla Sun Life MIP II - Wealth 25 - Reg - Growth Aditya Birla Sun Life Regular Savings Fund 21-May-18 2,416 39 -0.9 5.3 10.1 13.0 2.3
SBI Magnum MIP - Growth SBI Debt Hybrid Fund 16-May-18 1,604 38 0.0 4.7 8.5 9.4 2.5
For Private Circulation only

ICICI Prudential MIP 25 - Growth ICICI Prudential Regular Savings Fund 16-May-18 10,409 19 2.2 6.4 8.0 8.4 2.1
BNP Paribas MIP - Growth BNP Paribas Conservative Hybrid Fund 10-May-18 322 27 0.3 5.9 7.3 9.1 2.7
IDFC Monthly Income Plan - Reg - Growth IDFC Regular Savings Fund 28-May-18 244 20 -0.9 3.5 7.2 9.0 2.6
Equity Savings New Scheme Name Effective Date AUM NAV 1 Months 3 Months 6 Months 1 Years Exp Ratio
Kotak Equity Savings Fund - Reg - Growth Kotak Equity Savings Fund 16-May-18 1,996 13 1.7 1.1 2.8 9.2 2.4
Reliance Equity Savings Fund - Reg - Growth Reliance Equity Savings Fund -- 2,667 13 1.5 -0.1 1.0 8.7 2.2
DSP BlackRock Equity Savings Fund - Reg - Growth DSP Blackrock Equity Savings Fund 16-Mar-18 1,620 12 0.8 1.3 1.8 6.9 2.3
ICICI Prudential Equity Income Fund - Reg - Growth ICICI Prudential Equity Savings Fund 28-May-18 2,895 13 0.9 0.5 1.3 6.7 1.5
HDFC Equity Savings Fund - Growth HDFC Equity Savings Fund 23-May-18 7,566 35 1.1 -0.3 0.8 6.2 2.0

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market risks, read all the related documents carefully before investing.
Sharekhan Mutual Fund Finder

Top SIP, Gold and Debt Fund Picks (*invested on 1st day of every month)
Top SIP Fund Picks (monthly SIP of Rs. 1,000)* Data as on May 2, 2018
Investment period 1 year 3 years 5 Year
Total amount invested (Rs.) 12,000 36,000 60000
Present Compounded Present Compounded Present Compounded
Effective NAV
Funds would have grown to (Rs.) New Scheme Name Value Annualised value Annualised value annualised
Date (Rs.) (Rs.) return (%) (Rs.) return (%) (Rs.) return (%)
Large Cap Fund
Reliance Top 200 Fund - Growth Reliance Large Cap Fund 28-Apr-18 33 12,498 9.3 44,990 15.9 90,189 16.9
ICICI Prudential Focused Bluechip Equity Fund - Growth ICICI Prudential Bluechip Fund 28-May-18 40 12,513 9.6 44,728 15.5 87,013 15.4
SBI Bluechip Fund - Growth SBI Bluechip Fund 16-May-18 39 12,634 11.9 44,199 14.6 89,993 16.8
Aditya Birla Sun Life Frontline Equity Fund - Reg - Growth Aditya Birla Sun Life Frontline Equity Fund 4-Jun-18 219 12,362 6.7 43,622 13.6 86,355 15.0
Kotak 50 - Reg - Growth Kotak Bluechip Fund 16-May-18 224 12,419 7.8 42,859 12.3 83,916 13.8
Large & Mid Cap Fund
IDFC Classic Equity Fund - Reg - Growth IDFC Core Equity Fund 28-May-18 46 12,549 10.3 46,235 17.9 89,793 16.7
DSP Blackrock Opportunities Fund - Growth DSP BlackRock Equity Opportunities Fund 16-Mar-18 221 12,409 7.6 45,875 17.4 94,274 18.7
Aditya Birla Sun Life Advantage Fund - Growth Aditya Birla Sun Life Equity Advantage Fund 4-Jun-18 425 12,159 2.9 44,702 15.4 95,645 19.3
SBI Magnum Multiplier Fund - Growth SBI Large & Mid Cap Fund 16-May-18 217 12,549 10.3 44,595 15.3 92,054 17.7
Franklin India Flexi Cap Fund - Growth Franklin India Equity Advantage Fund 4-Jun-18 81 12,504 9.4 43,047 12.7 87,359 15.5
Mid Cap Fund
HDFC Mid-Cap Opportunities Fund - Growth HDFC Mid-Cap Opportunities Fund 23-May-18 60 12,864 16.3 48,093 20.9 1,07,330 24.2
DSP Blackrock Small & Mid Cap Fund - Growth DSP BlackRock Midcap Fund 16-Mar-18 58 12,790 14.9 47,936 20.7 1,07,515 24.3
Kotak Emerging Equity Scheme - Reg - Growth Kotak Emerging Equity Scheme 16-May-18 41 12,731 13.7 47,524 20.0 1,10,515 25.5
Franklin India Prima Fund - Growth Franklin India Prima Fund 4-Jun-18 997 12,627 11.7 46,084 17.7 1,02,533 22.3
Aditya Birla Sun Life Mid Cap Fund - Plan A - Growth Aditya Birla Sun Life Mid Cap Fund 21-May-18 321 12,374 7.0 45,652 17.0 1,00,936 21.6
Small Cap Fund
SBI Small & Midcap Fund - Growth SBI Small Cap Fund 16-May-18 59 13,520 29.3 54,896 31.1 1,37,421 35.0
HDFC Small Cap Fund - Growth HDFC Small Cap Fund 23-May-18 48 13,792 34.8 54,628 30.8 1,14,264 26.9
Reliance Small Cap Fund - Growth Reliance Small Cap Fund - Growth 28-Apr-18 47 13,272 24.3 53,699 29.4 1,31,820 33.2
Aditya Birla Sun Life Small & Midcap Fund - Growth Aditya Birla Sun Life Small Cap Fund 21-May-18 42 12,612 11.5 49,701 23.4 1,12,781 26.4
Franklin India Smaller Companies Fund - Growth Franklin India Smaller Companies Fund 4-Jun-18 62 12,719 13.5 47,574 20.1 1,10,916 25.7
Focused Fund
IDFC Focused Equity Fund - Reg - Growth IDFC Focused Equity Fund 15-Mar-18 40 12,752 14.2 48,772 22.0 91,156 17.3
SBI Emerg Buss Fund - Growth SBI Focused Equity Fund 16-May-18 138 13,269 24.3 47,906 20.6 98,661 20.7
Aditya Birla Sun Life Top 100 Fund - Growth Aditya Birla Sun Life Focused Equity Fund 21-May-18 57 12,264 4.9 43,262 13.0 85,963 14.8
Multi Cap Funds
Aditya Birla Sun Life Equity Fund - Growth Aditya Birla Sun Life Equity Fund 21-May-18 728 12,541 10.1 46,356 18.1 97,443 20.1
SBI Magnum Multi Cap Fund - Growth SBI Magnum Multi Cap Fund 16-May-18 48 12,622 11.7 45,756 17.2 96,751 19.8
DSP BlackRock Equity Fund - Reg - Growth DSP BlackRock Equity Fund -- 38 12,546 10.2 45,247 16.3 90,353 16.9
Kotak Select Focus Fund - Reg - Growth Kotak Standard Multicap Fund 16-May-18 33 12,353 6.6 45,018 16.0 93,642 18.4
Franklin India Prima Plus - Growth Franklin India Equity Fund 4-Jun-18 588 12,440 8.2 43,209 12.9 88,956 16.3
Tax-saving funds (ELSS)
IDFC Tax Advantage (ELSS) Fund - Reg - Growth IDFC Tax Advantage (ELSS) Fund 15-Mar-18 60 12,995 18.9 48,932 22.2 1,00,088 21.3
Aditya Birla Sun Life Tax Relief 96 - Growth Aditya Birla Sun Life Tax Relief 96 21-May-18 32 13,009 19.1 47,555 20.1 1,00,258 21.3
DSP BlackRock Tax Saver Fund - Growth DSP BlackRock Tax Saver Fund -- 47 12,334 6.2 44,916 15.8 92,980 18.1
Franklin India Taxshield - Growth Franklin India Taxshield -- 558 12,498 9.3 43,057 12.7 88,131 15.9
Reliance Tax Saver (ELSS) Fund - Growth Reliance Tax Saver (ELSS) Fund - Growth 28-Apr-18 60 11,661 -6.2 42,538 11.8 90,017 16.8

Top Fund Picks (Gold) (Returns in % <1 Year absolute and >1 year CAGR)
Gold Schemes New Scheme Name Effective Date AUM NAV 6 Months 1 Year 3 Years 5 Years Exp Ratio
Aditya Birla Sun Life Gold Fund - Growth Aditya Birla Sun Life Gold Fund 21-May-18 55 10 6.8 8.2 3.1 2.2 0.5
ICICI Prudential Regular Gold Savings Fund - Growth ICICI Prudential Regular Gold Savings Fund 30-Apr-18 45 11 5.9 7.4 3.1 1.9 0.5
SBI Gold Fund - Growth SBI Gold Fund -- 366 10 4.8 8.7 2.7 1.2 0.5
Data as on May 16, 2018
Debt Funds Data as on May 16, 2018
Returns (%) Tax rates for equity and debt funds
Effective AUM (simple annualised) Exp
Dividend
Scheme name New Scheme Name Category ratio
Date (Rs. cr) 1 3 6 1 Rate of tax on distributed income (payable by the MF scheme)
(%) Individual/ HUF Domestic Company NRI
mth mths mths yr
Corporate Bond & Credit Risk Equity oriented schemes 11.648% ^ 11.648% ^ 11.648% ^

ICICI Prudential Regular Savings Fund ICICI Prudential Credit Risk Fund 18-May-18 Credit Risk 10,409 -1.9 5.5 4.8 6.2 2.1 Debt oriented schemes (Other 29.12% # 34.944% * 29.12% #
than Infrastructure scheme)
Kotak Income Opportunities Fund Kotak Credit Risk Fund 1-Jun-18 Credit Risk 5,244 -6.0 3.5 3.8 5.3 1.6
Infrastructure Debt Fund 29.12% # 34.944% * 5.824% $
DSP Blackrock Income Opportunities DSP BlackRock Credit Risk Fund 16-Mar-18 Credit Risk 7,130 -9.2 2.8 2.9 5.0 1.8
^ (10% + 12% Surcharge + 4% Cess) * (30% + 12% Surcharge + 4% Cess)
Reliance Medium Term Fund Reliance Prime Debt Fund 19-May-18 Corporate Bond 9,100 -3.4 4.9 4.7 6.0 0.7 # (25% + 12% Surcharge + 4% Cess) $ (5% + 12% Surcharge + 4% Cess)
Aditya Birla Sun Life Short Term Fund Aditya Birla Sun Life Corporate Bond 4-Jun-18 Corporate Bond 6,588 -7.0 3.6 3.5 5.5 1.8
Capital gains taxation
Short Duration Fund Individual/ HUF Domestic Company NRI
HDFC Short Term Opportunities Fund HDFC Short Term Debt Fund 16-May-18 Short Duration 10,958 -5.1 4.3 4.1 5.7 0.4 Equity Oriented Schemes
Long term capital
BNP Paribas Short Term Income Fund BNP Paribas Short Term Fund 10-May-18 Short Duration 156 -5.2 4.0 3.9 5.4 1.2
gains (units held for 10%* 10%* 10%*
SBI Short Term Debt Fund SBI Short Term Debt Fund 16-May-18 Short Duration 7,889 -8.8 3.0 2.8 4.8 1.0 more than 12 month)

Indices Short term capital


gains (units held for 15%# 15%# 15%#
Crisil Short Term Bond Fund Index -- -7.1 3.9 3.2 5.0 -- 12 months or less)
Ultra Short Duration & Low Duration Fund Debt oriented schemes
Long term capital 20% After indexation + 20% After indexation + Listed-20% After
Aditya Birla Sun Life Savings Fund Aditya Birla Sun Life Savings Fund 4-Jun-18 Ultra Short Duration 19,753 0.4 5.9 5.7 6.7 0.4 gains (units held Surcharge as applicable Surcharge as applicable indexation
ICICI Prudential Flexible Income Plan ICICI Prudential Savings Fund 18-May-18 Low Duration 11,966 -1.2 5.6 5.4 6.4 1.3 for more than 36 + 4% Cess + 4% Cess Unlisted-10% Without
month) indexation
IDFC Ultra Short Term Fund IDFC Low Duration Fund 10-May-18 Low Duration 4,462 -1.1 5.4 5.3 6.3 0.5
(+ Surcharge as applicable
Index + 4% Cess)"
Crisil Liquid Fund Index -- 6.2 7.2 6.9 6.9 -- Short term capital 30%^ + Surcharge as "30% + Surcharge as 30%^ + Surcharge as
gains (units held for applicable + 4% Cess applicable + 4% Cess applicable + 4% Cess
Liquid 36 months or less) 25%^^ + Surcharge as
ICICI Prudential Liquid ICICI Prudential Liquid Fund 18-May-18 Liquid Fund 39,256 6.5 7.3 6.9 6.8 0.2 applicable + 4% Cess"
* On long-term capital gains exceeding Rs. 1 lakh & Surcharge as applicable + 4% Cess
BNP Paribas Overnight Fund BNP Paribas Liquid Fund 10-May-18 Liquid Fund 2,019 6.6 7.1 6.8 6.7 0.2 # Plus Surcharge as applicable + 4% Cess
^ Assuming the investor falls into highest tax bracket
HDFC Liquid Fund HDFC Liquid Fund - Growth 16-May-18 Liquid Fund 30,866 6.4 7.0 6.7 6.6 0.3 ^^ If total turnover or gross receipts during the financial year 2016-17 does not exceed Rs. 250 crores
Individual/HUF Surcharge- Surcharge at 15% on base tax, is applicable where income of Individual/HUF
Index unit holders exceeds Rs. 1 crore and at 10% where income exceeds Rs. 50 lakhs but does not exceed
Rs. 1 crore
Crisil Liquid Fund Index -- 6.2 7.2 6.9 6.9 -- Domestic Company Surcharge- Surcharge at 7% on base tax is applicable where income of domestic
corporate unit holders exceeds Rs 1 crore but does not exceed 10 crores and at 12% where income
exceeds 10 crores

SIP calculator Monthly SIP of Rs. 5,000 Crorepati calculator Target: Rs. 10,000,000
Expected maturity value of your monthly investment (Rs.) Expected investment per month to achieve your goal (Rs.)
Expected rate of Expected rate of
Years to achieve financial goal Years to achieve financial goal
returns (pa)
5 10 20 25 returns (pa)
5 10 15 20
8% 369,834 920,828 2,964,736 4,786,833
8% 135,196 54,299 28,708 16,865
10% 390,412 1,032,760 3,828,485 6,689,452
10% 128,070 48,414 23,928 13,060
15% 448,408 1,393,286 7,579,775 16,420,369
15% 111,506 35,887 14,775 6,597
25% 599,222 2,664,023 34,295,476 118,774,708 25% 83,442 18,769 5,114 1,458
June 2018 2
Sharekhan Mutual Fund Finder

Fund of the month


DSP BlackRock Equity Opportunities Fund
(Erstwhile DSP Blackrock Opportunities)
Objective Key features
The primary investment objective is to seek to generate • Fund Category : Large & Mid Cap Fund
long-term capital appreciation from a portfolio that is • Launch Date : May 16, 2000
substantially constituted of equity and equity-related • Minimum Investment : Rs. 1,000
securities of large and midcap companies. From time to • Load Structure : If redeemed bet. 0 Months to 12 Months
time, the fund manager will also seek participation in other Exit Load is 1%
equity and equity-related securities to achieve optimal • Fund Manager : Rohit Singhania, Jay Kothari
portfolio construction.
• Latest NAV (gr) : Rs. 220.84
• Latest NAV (div) : Rs. 28.34
Scheme’s performance
• Expense Ratio (%) : 2.31
• AUM : Rs. 5,559 crore
DSP BlackRock Equity Opportunities Fund Large & Mid Cap Category Average Nifty 500 TRI
• Benchmark Index : Nifty 500 TRI
25.0
20.1 19.7 Holdings by market cap
20.0 18.8
16.1 15.5 16.4 16.5 17.4
13.6 13.6 13.2
Particulars %
15.0 11.7
Nifty 50 43.9
10.0
Nifty Midcap 100 27.9
5.0 2.6
1.2 Nifty Smallcap 100 2.3
-0.8
0.0 BSE Sensex -
6 Months 1 Year 3 Years 5 Years Since Inception
-5.0 Top 5 holdings 19.1
Returns < 1 yr: Absolute, > 1yr: CAGR Top 10 holdings 30.9

Style box analysis

Large-cap Top 10 stock holdings (total no. of scrips: 77)

Mid-cap Company name % of net assets


Small-cap HDFC Bank 5.45
Growth blend value ICICI Bank 4.29

Top 5 sectors Tata Steel 3.24


Yes Bank 3.21
Financial Services 31.21
State Bank of India 2.90
Automobile 10.27
HCL Technologies 2.70
Construction 9.19
Infosys 2.49
Energy 8.83
Divis Laboratories 2.44
Pharma 7.16
Reliance Industries 2.17
0.00 10.00 20.00 30.00 40.00
Bharat Financial Inclusion 2.05

Scheme analysis
With a long history of more than 18 years, the MF scheme has outperformed both the benchmark Nifty 500 TRI index and the large and
mid cap category average over a five-year period. Despite volatility and uncertainties in the market, the scheme has performed well by
giving returns of 15.5% over the past three years, as against 13.2% and 13.6% returns given by the Nifty 500 TRI index and the large and
mid cap category average, respectively, in the same period. Over five years, the scheme has posted a compound annual growth rate
(CAGR) of 20.1%, while the Nifty 500 TRI index and the large and mid cap category average have reported CAGRs of 16.4% and 19.7%,
respectively. In recent months, the scheme has given a return of -0.8% compared to the 2.6% return posted by the Nifty 500 TRI index
and the 1.2% return generated by the large and mid cap category average.

The MF scheme currently has about 77 stocks in its portfolio. It has nearly 97% of its net assets exposed to equity, while the remaining
assets are exposed to other debt and money-market instruments. The top 10 stocks form about 31% of the MF scheme’s portfolio.
The MF scheme has invested nearly 31% of its funds in the financial services sector, followed by allocations of 10.27% and 9.19% in the
automobile and construction sectors, respectively.

June 2018 3
Mutual Fund Selection Criteria
Equity Mutual Funds 2. ‘Risk’ - captured through Sharpe ratio, Sortino ratio
and Information ratio: These ratios are widely used
Equity Mutual Fund selection within a particular category is
in the Mutual Fund industry to measure risk-adjusted
done on two broad parameters, namely ‘Returns’ and ‘Risk’.
returns of a Mutual Fund scheme. The Sharpe Ratio
Our selection process helps to identify funds with a track
considers Standard Deviation to measure a portfolio’s
record of giving superior returns consistently compared to
risk-adjusted returns, whereas the Information Ratio
the category benchmark and peers. Along with superior
measures the ability of the portfolio manager to
returns, it is also important to factor in risk and volatility in
provide excess returns relative to category benchmark
returns to take a holistic investment decision. Equity Mutual
on a consistent basis. We also consider Sortino Ratio,
Fund rating is decided by giving different weightages to
which is similar to the Sharp Ratio, except that it uses
the below mentioned risk and return parameters. downside deviation instead of standard deviation
Top Equity Picks in the denominator. We give equal weightage (15%
each) to the Sharp Ratio, the Information Ratio and the
1. ‘Returns’ - measured across 1, 2 and 3 years: To
Sortino ratio to finally arrive at the ranking of a Mutual
rank the funds we give a 20% weightage each to
Fund scheme in a particular category.
performance on an absolute and relative basis (to
category benchmark and peers) across three time In addition to quantitative analysis, we also use qualitative
periods of 1 year, 2 years and 3 years. factors to filter out relatively smaller fund houses or funds
with small asset size to minimise allied risk.
2. ‘Risk’ - captured through Sharpe ratio and
Information ratio: These ratios are widely used in Fixed Income or Debt Mutual Fund
the Mutual Fund industry to measure risk-adjusted In the Fixed Income Mutual Fund segment, the selection is
returns of a Mutual Fund scheme. The Sharpe ratio done by considering returns, along with other criteria like
considers Standard Deviation to measure a portfolio’s credit quality, volatility, yield to maturity, modified duration,
risk-adjusted returns, whereas the information ratio expense ratio etc. Also, the ranking depends upon macro-
measures the ability of the portfolio manager to economic factors like the view on interest rates and
provide excess returns relative to category benchmark the economic cycle. Overall, we follow a conservative
on a consistent basis. We give a weightage of 20% approach while recommending Debt Mutual Funds with
each to both the ratios, to finally arrive at the ranking a clear focus on minimising risks rather than chasing
of the fund in a particular category. marginally excess returns.
Top SIP Picks
1. ‘Returns’ - measured across 1, 3 and 5 years SIP
returns: To rank the funds we give a 10% weightage
to 1-year SIP performance, 20% to 3-year SIP
performance and 25% to 5-year SIP performance.

Disclaimer
This document has been prepared by Sharekhan Limited (Sharekhan) and is meant for sole use by the recipient and not for circulation. The information
contained in this report is intended for general information purposes only. The information published should not be used as a substitute for any form
of investment advertisement, investment advice or investment information. The information in this report has not been prepared taking into account
specific investment objectives, financial situations and needs of any particular investor, and therefore may not be suitable for you. You should verify
all scheme related information before relying on it. Further, the selection of the Mutual Funds for the purpose of including in the indicative portfolio
does not in any way constitute any recommendation by Sharekhan Limited with respect to the prospects or performance of these Mutual Funds. We
recommend investors to seek advice from professional financial advisors.
• Mutual funds, like securities investments, are subject to market and other risks and there can be no assurance that the objectives of any of the
schemes of the Fund will be achieved. Please read the Offer Document carefully in its entirety prior to making an investment decision
• The NAV of units issued under the Schemes of mutual funds can go up or down depending on the factors and forces affecting capital markets and
may also be affected by changes in the general level of interest rates. The NAV of the units issued under the scheme may be affected, inter-alia
by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities. The NAV will
inter-alia be exposed to Price / Interest Rate Risk and Credit Risk.
• Past performance of any scheme of the Mutual fund do not indicate the future performance of the Schemes of the Mutual Fund. Sharekhan shall
not responsible or liable for any loss or shortfall incurred by the investors.
• Investors are not being offered any guaranteed or assured rate of return through this document.
Sharekhan and/or its associates receive commission for distribution of Mutual Funds from various Asset Management Companies (AMCs) and the
details of the commission rates earned from various Mutual Fund houses is available on our website. Sharekhan or its associates may have received
commission from AMCs whose funds are mentioned in the report during the period preceding twelve months from the date of this report for distribution
of Mutual Funds. Sharekhan also provides stock broking services to institutional clients including AMCs and hence may have received brokerage for
security transactions done by any of the above AMCs during the period preceding twelve months from the date of this report.
Compliance Officer: Mr. Joby John Meledan; Tel: 022-61150000; e-mail: compliance@sharekhan.com • Contact: myaccount@sharekhan.com