www.karvyvalue.

com
Jul, 2019

KARVY’s

INVESTOR JOURNAL
What’s Inside Highlights of the Month
Market Review »» According to the data released by the Association
Page 01 of Mutual Funds in India, the Asset under
management (AUM) of the mutual fund industry
Karvy Investment Insight has grown by 4.6% from Rs. 24.79 lakh crore in
Page 03
April 2019 to Rs. 25.93 lakh crore in the month of
Fund of The Month May 2019.
Page 04
»» Systematic investment plans (SIPs) flows slightly
Readers Corner decreased by 0.7% to Rs. 8,183 crore in May 2019
Page 05 from Rs. 8,238 crore in April 2019.

Story of The Month »» Liquid funds witnessed a net inflow of Rs. 68,582
Page 06 crore during the month May 2019 against a net
inflow of Rs. 89,778 crore in the month of April
SIP Performance
Page 07 2019.
»» Balance Funds witnessed a net inflow of Rs. 1,265
Category Average Returns
Page 08 crore in the month May 2019 compared to an
outflow of Rs. 1,615 crore in the month of April
Fixed Deposits Schemes 2019.
Page 09
»» In May, net inflows into equity mutual funds
Equity Funds Performance increased to Rs. 5,407 crore from Rs.4,608 crore
Page 10 in the month of April 2019.
Debt Funds Performance »» The mutual fund industry as a whole saw a net
Page 11 inflow of Rs. 76,990 crore in May 2019 compared
Global Markets at a Glance with a net inflow of Rs. 1,00,460 crore in April 2019.
Page 12 This Inflow was mainly led by liquid funds.

Indices Watch
Page 13

Fund of the Month

KARVY’s UTI Mastershare-Reg(G)
INVESTOR JOURNAL The objective of the scheme is to
Jul, 2019 generate long term capital appreciation...
Page 04
 INVESTOR JOURNAL
Jul, 2019
Market Review
Indian indices Sensex and
Nifty 50 ended with negative
returns, gave a return of -0.80%
and -1.12% respectively during
the June month. Among the
BSE sectoral indices, S&P BSE
Consumer Durables was the
top performers with 5.78%. CPI
inflation in India inched upward
by 3.05% in May of 2019 from
2.99% rise in April 2019. It is the
highest inflation rate since
October last year, mainly led by
higher food prices. The mutual
fund industry as a whole saw a
net inflow of Rs. 76,990 crore in
May 2019 compared with a net
inflow of Rs. 1,00,460 crore in
April 2019. This Inflow was mainly
led by liquid funds. FIIs remain
net buyers in June month.
Invest in TOP
Mutual Funds
Trusted by 10 Lakh+
Investors
Know More
Apart from FII and MF activity, Key domestic data released in the
month of Jun were:
Exports:
»» Exports in May 2019 were USD 29.99 Billion, as compared to USD 28.86
Billion in May 2018, exhibiting a positive growth of 3.93%.
»» Electric goods (50.97%); Organic & Inorganic chemicals (20.64%); Ready-
made textiles (14.15%) and Drugs and Pharmaceuticals (10.98%) showed a
high positive export growth during the month.
»» Non-petroleum and Non Gems and Jewellery exports in May 2019 were
USD 21.42 Billion, as compared to USD 19.94 Billion in May 2018, exhibiting
a positive growth of 7.42%.
Imports:
»» Imports in May 2019 were USD 45.35 Billion, which was 4.31% higher in
Dollar terms over imports of USD 43.48 Billion in May 2018.
»» Transport equipments (-3.04%); Vegetable oil (-11.94%); Pearls, Precious &
Semi-precious stones (-24.70%) showed a negative Import growth during
the month.
Crude Oil and Non-Oil Imports:
»» Oil imports in May 2019 were USD 12.44 Billion, which was 8.23% higher in
Dollar terms, compared to USD 11.5 Billion in May 2018.
»» Non-oil imports in May 2019 were estimated at USD 32.91 Billion which
was 2.90% higher in Dollar terms, compared to USD 31.98 Billion in May
2018.
Trade Balance:
The trade deficit for May 2019 was increased to USD 15.36 Billion as against
the deficit of USD 14.62 Billion in May 2018.
CPI Inflation:
CPI inflation in India inched upward by 3.05% in May of 2019 from 2.99% rise
in April 2019. It is the highest inflation rate since October last year, mainly led
by higher food prices.
WPI Inflation:
Wholesale prices in India rose by 2.45%% in May 2019 from 3.07% rise in the
prior month. It is the lowest inflation rate since July 2017, mainly supported
by slowdown in cost of food, fuel and manufacturing products.
IIP:
India’s industrial production increased by 3.4% from a year earlier in April
2019, following an upwardly revised 0.4 percent gain in the previous month.
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 INVESTOR JOURNAL
Jul, 2019

FII Activity: (Month Between 01-Jun-2019 to 30-Jun-2019)

Equity Debt

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

3-Jun-19 9,541.23 8,547.42 993.81 3-Jun-19 2,590.35 670.16 1,920.19

10-Jun-19 3,029.92 3,414.80 -384.88 10-Jun-19 2,788.81 595.54 2,193.27

17-Jun-19 5,177.24 5,361.03 -183.79 17-Jun-19 5,537.02 6,278.80 -741.78

24-Jun-19 11,011.32 12,013.15 -1,001.83 24-Jun-19 1,822.93 1,260.64 562.29

Total 104,877.38 102,281.86 2,595.52 Total 44,313.15 35,993.81 8,319.34

MF Activity: (Month Between 01-Jun-2019 to 30-Jun-2019)

Equity Debt

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

3-Jun-19 1,963.84 2,757.42 -793.58 3-Jun-19 11,633.54 10,105.44 1,528.10

10-Jun-19 1,680.61 1,471.35 209.26 10-Jun-19 10,632.52 6,975.45 3,657.07

17-Jun-19 3,451.24 1,897.48 1,553.76 17-Jun-19 7,601.78 7,976.89 -375.11

24-Jun-19 2,530.31 1,271.83 1,258.48 24-Jun-19 7,848.42 8,399.35 -550.93

Total 47,004.7 40,772.5 6,232.2 Total 192,460.3 149,176.3 43,278.6

Sensex & Nifty: (Month Between 31-May-2019 to 30-Jun-2019)

S&P BSE SENSEX NIFTY 50

Date Close Price Points Diff %age Change Date Close Price Points Diff %age Change

31-May-19 39,714.20 31-May-19 11,922.80

3-Jun-19 40,267.62 553.42 1.39% 3-Jun-19 12,088.55 165.75 1.39%

10-Jun-19 39,784.52 -483.10 -1.20% 10-Jun-19 11,922.70 -165.85 -1.37%

17-Jun-19 38,960.79 -823.73 -2.07% 17-Jun-19 11,672.15 -250.55 -2.10%

24-Jun-19 39,122.96 162.17 0.42% 24-Jun-19 11,699.65 27.50 0.24%

Overall Change for the month -0.80% Overall Change for the month -1.12%

-----------------------------------------------------------------------------------------------------------------------------------------------------------
Source : ACE MF
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 INVESTOR JOURNAL
Jul, 2019
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.
Different Reasons to Start SIP
----------------------------------------------------------------------------------------------------------------------------------------------------------
Are you planning to save money? Are you looking to
accumulate some amount to fulfill your financial dreams?
Are you looking to get some amount saved in case of any
contingencies? Are you planning your retirement?
If the answer to any or all of the above question is YES,
then you are at the right place. You can do all that by start
investing in Mutual Funds through SIPs.
SIP or Systematic Investment Plan is a way to invest your
money in the Mutual Funds in the form of a fixed amount
in a fixed period of intervals.
You can start investing in Mutual Funds with a SIP amount
as low as Rs. 500 per month. Read below to know how SIP
is beneficial for you.
To achieve your long-term financial goals
Everyone has something planned for their future whether
it is buying a house, children’s education, or retirement,
etc.
These things involve a huge amount of money and it is
pretty difficult to have that much amount with you at
once in a lump sum.
However, with small but regular investments through a
Systematic Investment Plan you can accumulate a hefty
amount of wealth which can be utilized in achieving your
financial goals.
To simply develop a habit of saving
These days, people start earning at a comparatively
younger age as compared to what it was a decade back.
With the rising inflation, it is high time for the youngsters
to start developing a sense of saving so that they can
achieve their dreams and never feel short of finances.
The best way to develop a habit of saving is by investing
in SIPs. This is will not only help you save regularly but
the corpus that will be accumulated over time will be
rewarding. Also, you can withdraw the amount from SIP
anytime, whenever you want it, so there is no blockage of
your saving as it happens in RDs or FDs.
To meet the contingent expenses
In modern times, we never know when urgency can arrive
where we need a huge amount of money. To meet such
urgencies and contingent liabilities it is necessary to save
your income.
Though it is impossible to save a huge amount directly,
saving and investing a small amount over a period of time
will be helpful to accumulate a sufficient amount to meet
any unexpected expenses.
The benefit of SIP is that you can withdraw the amount in
full or partial at any point of time without any loss of your
return on investment.
To create wealth from your income
Incomes aren’t supposed to be just earning that meet our
day-to-day expenses. Now with your current income, you
can actually create wealth to secure your future.
Investing in SIP lets you enjoy the power of compounding
which simply means that your interest earned is invested
again to earn more interest, resulting in an exponential
growth to your return on investment.
For example, if you start investing Rs. 1000 every month in
an equity fund through SIP to meet a certain goal that is
10 years away, you would get Rs. 2,32,339 at the end of 10
years with an assumed rate of return as 12%.
However, if you invest Rs. 1500 for the same goal but just
before 5 years, you would only get Rs. 1,23,729 as return
after 5 years.
Thus, you can see that with the power of compounding
that SIP holds, you can create wealth from your income in
the long run.
To remain unaffected from the ups and downs of the market
It is a well-known fact that Mutual Funds are subjected
to market risk. However, if you invest in them through SIP
you can get the benefit of Rupee Cost Averaging.
Usually, it happens that we tend to avoid purchasing equity
during the downfall of the market, but with SIP more units
are purchased when the price is low and lesser units at a
higher price. Hence, your investments remain protected
from the market volatility and stay at best of its health.
Last Words
These are not the only benefits that a SIP has for you. There
are different types of SIPs with different types of benefits,
but now you know that you can invest a minimum of Rs.
500 in Mutual Funds through SIP to reap these benefits
based on your objective of the investment and what you
want to get from it.
You can visit our website to know more about Mutual
Funds and SIPs and also to start investing seamlessly and
paperless.
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 INVESTOR JOURNAL
Jul, 2019

Fund of The Month

UTI Mastershare-Reg(G)
Investment Objective:
The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of large
cap companies. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Portfolio:
Top 10 Companies Holdings Top 10 Sector Wise Holding
Name %age Industry Name (%)
HDFC Bank Ltd. 9.5 Bank - Private 26.5

ICICI Bank Ltd. 8.2 IT - Software 16.4

Infosys Ltd. 7.3 Pharmaceuticals & Drugs 5.4

Tata Consultancy Services Ltd. 5.8 Cigarettes/Tobacco 4.3

ITC Ltd. 4.3 Industrial Gases & Fuels 4.0

Larsen & Toubro Ltd. 3.4 Automobiles - Passenger Cars 3.6

Tech Mahindra Ltd. 3.4 Engineering - Construction 3.4

Axis Bank Ltd. 3.1 Finance - Housing 3.4

Reliance Industries Ltd. 2.8 Refineries 2.8

Kotak Mahindra Bank Ltd. 2.7 Automobile Two & Three 2.4 5 Wheelers 2.4

Indicates an increase or decrease or no change in holding since last profile. Indicates an increase or decrease in holding since last portfolio.

INVEST HERE To read the full Information, Click Here

Source : ACE MF

‘Tweets’ of the Month

For Corporate Governance

A torn ten rupee note in wallet hurts us to excel, these six layers have to work
in tandem to maintain checks & balance
but few lacs in idle savings account of crisp
-Executive Management -Board of Directors
notes doesn’t bother us -Auditors- Internal & Statutory -Shareholders
- Kalpen Parekh especially Institutional shareholders -Rating
@KalpenParekh Agency -Regulatory Framework

- Nilesh Shah @NileshShah68

There is much to be gained with

humility. All learning can happen if one is
humble - accepting that the teacher/mentor
Confidence is the key. If you don’t believe in
knows more and you have a lot to learn from
yourself, then nobody will.
him/her Arrogance is sure to ensure that you get
hurt one day!! - LIFE QUOTES @ItsLifeFact
- Mahesh @invest_mutual

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 INVESTOR JOURNAL
Jul, 2019

Readers Corner

Karvy Online Mutual Fund Portal

Karvy has always been focused on incorporating technology in its operations. With the surge in internet
usage in India, Karvy is now letting you invest online without any hassle. The process is completely digital
and paperless.
Our Online Investment Platform requires you to open an Online Investment Account (OIA) with Karvy.

Features of Online Investment Account

Robust Technology Platform : Our online platform at https://investment.karvyonline.com/ is one of the
easiest and most user-friendly investment platforms available in the industry at present. Opening a Karvy
OIA will help you invest, setting up SIP, and other transactions related to Mutual Funds completely paperless.
Ease of Fund Transfers : Many people feel that investing online is not secure in terms of making payments.
Rest assured, our payment gateway is pretty simple and utterly safe and secure so that you can invest
seamlessly. We have tie-ups with over 100 banks PAN India which makes the online investment with Karvy
very convenient and hassle-free.
Portfolio Tracking : Once you have your Karvy OIA up and ready, you will be eligible to use our smart tracking
tool to conveniently track your investment portfolio. It will help you examine your investments 24x7 and let
you take the necessary option whenever you want.
Online Market Place : Your Karvy OIA will act as a one-stop marketplace where you can choose from
numerous Mutual Fund schemes.
Cost Effective : With Karvy OIA you can manage your investments for a longer term without worrying about
high fees and high account maintenance as everything is paperless and completely digitalized.

Benefits of opening a Karvy OIA :

»» A feature-packed online Mutual Fund platform for all your investment needs
»» Hassle-free paperless investment
»» Invest Online in less than 6 minutes
»» A wide range of Mutual Fund schemes to choose from
»» One time account opening process for all KYC-registered investors
»» Easy KYC completion for non-KYC compliant investors
»» Best ELSS and SIP schemes available on the go
»» Financial tools like calculators and comparison tables to help make a sound investment decision
»» One click Switch/Redeem
»» The choice to opt for Systematic Withdrawal Plan (SWP) or Systematic Transfer Plan (STP)
Mandatory Requirements to open Karvy OIA :
»» Single Individual Investor - Resident Indian and NRI (except US & Canada)
»» KYC-compliant
»» Personalized cheque leaf/bank statement/passbook front page is a must
»» HUF, Joint account holders and other individuals cannot open Karvy OIA

Opening a Karvy Online Investment Account is absolutely free of any cost. Just visit https://investment.
karvyonline.com/ and click on Join for free!
LIKE US ON FACEBOOK
With the world moving towards 100% digitalization, we at Karvy believe to stay up-to-date with the market
trends and requirements. We will keep improving and doing better to serve our investors in the best possible
way.

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 INVESTOR JOURNAL
Jul, 2019

Story of The Month

WHO IS HAPPY - THE PEACOCK AND THE CROW

A crow lived a very satisfied life in a forest. But one day, he saw
a Swan. “This Swan is so white,” he thought, “and I am so black.
This swan must be the happiest bird in the world.”

He expressed his thoughts to the Swan. “Actually,” the Swan

replied, “I was feeling that I was the happiest bird around until
I saw a parrot, which has two colors. I now think the parrot is
the happiest bird in creation.” The crow then approached the
parrot. The parrot explained, “I lived a very happy life until I saw
a peacock. I have only two colors, but the peacock has multiple
colors.” Direct Dil Se…

The crow then visited a peacock in the zoo and saw that hundreds of people had gathered to see him.
After the people had left, the crow approached the peacock. “Dear peacock,” the crow said, “you are so
beautiful. Every day thousands of people come to see you. When people see me, they immediately shoo me
away. I think you are the happiest bird on the planet.”

The peacock replied, “I always thought that I was the most beautiful and happy bird on the planet. But
because of my beauty, I am entrapped in this zoo. I have examined the zoo very carefully, and I have
realized that the crow is the only bird not kept in a cage. So, for the past few days, I have been thinking
that if I were a crow, I could happily roam everywhere.”

MORAL OF THE STORY:

That’s our problem too. We make unnecessary comparison with others and
become sad. We don’t value what God has given us. This all leads to the vicious
cycle of unhappiness. Learn to be happy in what you have instead of looking
at what you don’t have. There will always be someone who will have more or
less than you have. Person who is satisfied with what he/she has, is the happiest
person in the world.

Courtesy : Karvy Learning Center

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 INVESTOR JOURNAL
Jul, 2019

SIP Performance
3 Year SIP 5 Year SIP
Current
S&P BSE SENSEX Rs.36000 Rs.60000
NAV (`)
Profit-SIP XIRR(%) Profit-SIP XIRR(%)
Large and Large and mid cap
Canara Rob Emerg Equities Fund-Reg(G) 96.50 5,401.00 9.79 22,894.89 13.28

Invesco India Growth Opp Fund(G) 34.89 6,416.82 11.54 20,318.53 11.97

Mirae Asset Emerging Bluechip-Reg(G) 55.12 7,604.61 13.54 30,334.91 16.87

Principal Emerging Bluechip Fund(G) 106.19 3,735.36 6.87 19,570.59 11.58

Sundaram Large and Mid Cap Fund(G) 35.65 6,865.43 12.30 22,221.44 12.94

Multi Cap
Canara Rob Equity Diver Fund-Reg(G) 139.32 7,637.95 13.60 20,324.71 11.97

ICICI Pru Multicap Fund(G) 302.49 5,538.46 10.03 18,975.10 11.27

Parag Parikh Long Term Equity Fund-Reg(G) 25.06 5,762.56 10.42 19,073.91 11.32

Reliance Multi Cap Fund(G) 102.39 6,837.06 12.25 17,717.65 10.60

Aditya Birla SL Equity Fund(G) 746.14 4,669.25 8.52 19,252.57 11.41

Mid Cap & Small Cap

Axis Midcap Fund(G) 37.31 7,197.25 12.86 20,503.17 12.06

HDFC Small Cap Fund-Reg(G) 43.86 5,437.77 9.85 23,518.23 13.59

L&T Emerging Businesses Fund-Reg(G) 24.38 2,193.70 4.09 19,966.83 11.79

Reliance Small Cap Fund(G) 41.20 3,612.75 6.65 20,963.63 12.30

SBI Small Cap Fund-Reg(G) 52.86 4,956.83 9.02 25,584.60 14.61

ELSS
Axis Long Term Equity Fund(G) 46.68 7,705.47 13.71 22,469.17 13.07

Mirae Asset Tax Saver Fund-Reg(G) 18.29 8,412.35 14.88 - 0.00

Aditya Birla SL Tax Relief '96(G) 31.97 4,826.37 8.79 18,690.58 11.12

HDFC TaxSaver(G) 538.85 4,124.43 7.56 14,331.62 8.76

Reliance Tax Saver (ELSS) Fund(G) 57.48 1,213.55 2.28 8,486.35 5.40

Sector
ICICI Pru Banking & Fin Serv Fund(G) 69.58 9,494.66 16.66 33,350.05 18.25

ICICI Pru FMCG Fund(G) 240.86 5,900.11 10.65 19,937.63 11.77

ICICI Pru Technology Fund(G) 58.98 9,403.14 16.51 20,710.67 12.17

SBI Banking & Financial Services Fund-Reg(G) 19.22 12,427.17 21.33 - 0.00

SBI Technology Opp Fund-Reg(G) 66.77 10,434.41 18.18 21,871.15 12.76

Index
HDFC Index Fund-Sensex(G) 356.14 9,017.91 15.88 22,468.42 13.07

IDFC Nifty Fund-Reg(G) 24.92 8,212.70 14.55 21,235.73 12.44

Reliance Index Fund - Sensex Plan(G) 19.77 8,592.69 15.18 20,790.32 12.21

Tata Index Fund-Sensex Plan(G) 98.79 8,843.62 15.59 21,484.19 12.57

As on 08th Jul’19 Source : ACE MF

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 INVESTOR JOURNAL
Jul, 2019

Category Average Returns

1 Week 1 Month 6 Month 1 Year 3 Year 5 Year Since
Category Sub Category
Return Return Return Return Return Return Inception
Large-cap -0.06 -1.08 7.88 7.69 10.64 9.40 10.60
Large and mid cap -0.43 -1.54 6.10 4.85 10.70 11.16 13.65
Market Cap Mid-cap -0.89 -3.20 1.43 -0.95 8.07 10.77 8.27
Multi-cap -0.26 -1.95 5.44 2.32 10.24 10.01 7.87
Small-cap -0.84 -4.12 0.45 -5.98 7.25 11.34 3.80
Banks & Financial Services 1.10 -0.14 15.08 15.67 17.08 14.09 16.58
Consumption -0.17 -1.83 1.32 -0.24 10.31 9.59 7.70
Energy & Power -1.34 -3.40 5.35 2.78 10.63 8.77 12.54
Sector Funds Infrastructure -0.84 -2.57 7.49 5.07 8.49 7.36 6.98
Pharma & Health Care -0.88 -2.29 -4.22 -3.36 -3.85 4.19 3.82
Service Industry -0.41 -1.08 7.52 0.05 6.84 11.28 13.14
TECk -1.15 -1.33 7.04 5.36 11.67 11.23 12.93
Contra -0.45 -2.09 6.49 5.57 14.17 12.18 13.18
Dividend Yield -1.15 -2.59 2.14 -0.17 9.12 7.70 11.19
Speciality
Global 1.27 5.69 14.57 6.71 11.46 6.98 9.02
MNC -0.53 -2.29 -1.44 -2.78 6.84 11.95 15.81
Equity Exchange Traded Funds 0.19 -1.68 8.59 10.63 13.54 8.02 9.97
Equity Linked Savings Scheme -0.31 -2.09 5.48 2.89 10.86 10.65 9.42
Equity Savings Scheme 0.12 -0.18 4.72 5.43 6.96 7.00 6.45
Focused Fund -0.18 -1.52 7.82 5.11 11.35 10.98 8.81
Nifty 0.13 -1.77 9.88 9.53 12.53 9.01 11.28
Nifty Next 50 0.15 -2.05 -1.28 -2.15 9.34 9.84 5.39
Index
Sensex 0.31 -1.24 10.80 11.28 13.55 9.01 12.89
Others -0.68 -2.48 2.09 0.12 7.70 7.08 11.30
Aggressive Hybrid Fund 0.00 -0.87 5.36 4.58 8.95 8.89 9.97
Balanced advantage 0.05 -0.23 6.76 9.73 10.98 9.82 10.13
Balanced Funds
Balanced hybrid 6.40 -2.38 7.09 5.81 6.31 4.12 6.47
Capital Protection Funds 10.98 4.50 9.47 7.22 6.70 5.34 6.96
Conservative Hybrid Fund 17.53 -0.96 7.35 5.65 6.62 7.56 8.34
Dynamic Asset Allocation 0.15 -0.81 3.53 2.89 7.08 7.25 7.65
Multi Asset Allocation 0.20 0.27 5.44 6.53 7.30 7.36 10.49
Gold - FOF 20.00 67.85 15.22 9.49 0.00 1.76 1.58
Gold Exchange Traded Funds -0.09 6.06 7.38 11.91 1.10 2.96 4.96
Banking and PSU Fund 31.86 11.56 10.17 9.41 7.57 8.02 8.27
Corporate Bond 24.80 4.99 2.30 4.42 5.69 7.04 7.52
Credit Risk Fund 21.00 -22.27 -3.44 0.72 4.80 7.42 6.61
Dynamic Bond 37.23 17.91 8.93 9.06 6.94 8.04 7.74
Fixed Maturity Plans 18.56 6.92 7.96 7.89 7.79 8.05 8.45
Long Term 70.60 35.93 17.86 16.99 9.86 10.67 8.64
Gilt
Short and Medium term 51.91 30.58 15.55 13.79 8.26 9.29 8.46
Floating Rate 14.72 7.19 8.42 8.03 7.26 7.70 7.70
Long duration 90.28 48.58 21.71 16.07 9.41 9.84 15.62
Low Duration 12.63 10.02 -1.73 2.85 5.54 6.60 7.18
Medium Duration 27.27 10.85 2.85 4.88 6.40 7.55 7.69
Duration Medium to Long Duration 43.53 19.18 9.53 9.29 6.58 7.70 8.24
Money Market 10.36 7.97 7.92 7.43 7.07 7.60 7.65
Overnight 5.44 5.48 5.90 6.03 5.98 6.65 6.18
Short Duration 22.67 5.05 2.51 4.87 6.01 6.95 7.32
Interval Funds - Half Yearly 4.99 5.20 5.69 6.00 6.67 7.33 7.84
Interval Funds - Monthly 6.00 6.03 6.42 6.62 6.64 7.22 7.78
Speciality-Debt
Interval Funds - Quarterly 6.45 6.07 6.67 6.98 6.91 7.44 8.03
Interval Funds - Yearly 8.81 4.23 5.87 6.24 6.85 7.53 8.04
Liquid 6.51 6.22 6.79 6.78 6.71 7.32 7.19
Ultra Short Term Plan 10.72 8.99 6.47 5.89 6.58 7.40 7.52
Note: Debt & Gold funds are annualised for less than 1 years returns.

Returns are as on 08th Jul’19 Source : ACE MF

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 INVESTOR JOURNAL
Jul, 2019

Fixed Deposits Schemes

Interest Rate
FD Name Rating Industry
* (Up to)

Bajaj Finserv is the most diversifed non-bank in the country, the largest
FAAA by CRISIL
Bajaj Finance Ltd. financier of consumer durables in India and one of the most profitable 8.95%
ICRA MAAA
firms in the category.

MAAA by ICRA, FAAA GRUH Finance Ltd is subsidiary of HDFC Ltd is housing finance company
Gruh Finance Ltd. 8.50%
by CRISIL (HFC) recognized by National Housing Bank.

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
FAAA by CRISIL, MAAA
HDFC Ltd. own. HDFC is the Largest mobiliser of public deposits outside the 8.18%
by ICRA
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.

‘tAA+(ind)’ by FITCH, HUDCO is a premier techno-financing company set up in 1970 by the

HUDCO ‘CARE AA+(FD)’ by Government of India to accelerate the pace of housing and urban 7.75%
CARE development in the country.

ICICI Home Finance CARE FAAA, ICICI Home Finance Company Limited is one of the leaders in the
8.60%
Ltd ICRA MAAA Indian mortgage finance and realty space.

LIC Housing Finance FAAA / STABLE by One of India’s largest housing finance companies, having nation-wide
8.55%
Ltd. CRISIL network. Consistent record of dividend payments.

Mahindra & Mahindra Mahindra and Mahindra Financial Services Limited (MMFSL) commenced
CRISIL FAAA 9.05%
Financial Services Ltd its journey two decades back in the rural non-banking finance industry.

PNB Housing Finance (PNBHF) is a subsidiary of Punjab National

PNB Housing Finance
FAAA by CRISIL Bank and a partner of Destimoney Enterprises Pvt. Ltd. PNBHF was 8.70%
Ltd.
incorporated in 1988 and is based in New Delhi.

As a deposit-accepting non-banking financial company (NBFC), Shriram

Shriram City Union IND +AA-
City is today India’s premier financial services company specializing in 9.50%
Finance Ltd. CARE AA FD
retail finance.

With a track record of about 30 years in this business, STFC is among

Shriram Unnati FAAA/Stable by CRISIL,
the leading organized finance provider for the commercial vehicle 9.50%
Deposits MAA+/Stable by ICRA
industry

Sundaram BNP Paribas Home Finance combines its expertise in Home

Sundaram Home
ICRA MAA+ Finance with the Service Orientiation of its promoter Sundaram 8.50%
Finance Ltd.
Finance.

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

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 INVESTOR JOURNAL
Jul, 2019

Equity Funds Performance

Absolute CAGR0
Latest
Scheme Name SINCE
NAV (`) 1 Year 3 Year 5 Year
INCEPTION
Market Cap
Aditya Birla SL Equity Fund(G) 725.45 4.08 12.37 11.25 22.79

HDFC Small Cap Fund-Reg(G) 42.06 -2.69 13.96 14.28 13.61

HDFC Top 100 Fund(G) 514.02 18.16 14.51 9.89 19.88

Mirae Asset Emerging Bluechip-Reg(G) 53.92 12.74 16.79 19.05 20.60

Reliance Large Cap Fund(G) 35.76 13.21 14.47 11.91 11.29

ELSS
Aditya Birla SL Tax Relief '96(G) 30.79 -1.25 10.76 12.86 10.56

Axis Long Term Equity Fund(G) 46.04 5.06 13.58 14.07 17.40

DSP Tax Saver Fund-Reg(G) 49.02 10.20 12.31 12.36 13.60

ICICI Pru LT Equity Fund (Tax Saving)(G) 384.35 8.35 10.36 9.80 20.14

Mirae Asset Tax Saver Fund-Reg(G) 18.01 11.77 18.40 - 18.19

Sector
ICICI Pru FMCG Fund(G) 240.91 6.83 11.64 13.57 16.99

ICICI Pru Technology Fund(G) 57.45 5.05 11.74 11.14 9.46

Reliance Pharma Fund(G) 140.12 -2.48 0.60 6.72 19.12

SBI Banking & Financial Services Fund-Reg(G) 19.15 21.51 21.23 - 16.09

Tata Digital India Fund-Reg(G) 14.79 6.05 13.78 - 11.76

Thematic
Canara Rob Consumer Trends Fund-Reg(G) 39.65 6.23 13.97 14.30 15.07

Invesco India Contra Fund(G) 47.84 4.06 13.99 13.59 13.64

Kotak India EQ Contra Fund(G) 53.18 6.30 14.36 10.80 12.73

Principal Dividend Yield Fund(G) 52.45 0.82 13.28 9.45 11.91

Sundaram Rural and Consumption Fund(G) 40.92 -1.38 9.58 13.36 11.30

Value
HDFC Capital Builder Value Fund(G) 289.94 0.63 11.32 11.03 14.15

IDFC Sterling Value Fund-Reg(G) 50.19 -6.00 11.22 10.87 15.30

JM Value Fund(G) 31.95 2.26 12.45 11.78 15.83

L&T India Value Fund-Reg(G) 36.22 2.96 10.79 13.11 14.52

Tata Equity P/E Fund(G) 134.82 -1.49 12.76 11.83 18.90

Index
HDFC Index Fund-NIFTY 50 Plan(G) 107.43 10.46 13.23 9.59 14.79

HDFC Index Fund-Sensex(G) 350.36 11.50 14.15 9.67 15.10

ICICI Pru Nifty Next 50 Index Fund(G) 24.20 -2.66 9.82 10.28 10.28

IDFC Nifty Fund-Reg(G) 24.39 10.49 13.20 9.57 10.19

UTI Nifty Index Fund-Reg(G) 77.11 10.64 13.36 9.65 11.13

Performance as on 08th Jul’19

Source : ACE MF
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 INVESTOR JOURNAL
Jul, 2019

Debt Funds Performance

Absolute CAGR
Latest
Scheme Name SINCE
NAV (`) 1 Year 3 Year 5 Year
INCEPTION
Gilt Funds
Aditya Birla SL G-Sec Fund(G) 55.24 14.59 9.52 10.53 9.04

ICICI Pru Gilt Fund(G) 66.73 11.87 8.58 9.79 10.01

Reliance Gilt Securities Fund(G) 26.36 15.71 9.94 10.70 9.32

SBI Magnum Constant Maturity Fund(G) 43.20 15.70 10.55 10.68 8.21

UTI Gilt Fund-Reg(G) 43.41 13.58 9.97 10.47 8.77

Hybrid Funds Performance

Latest Absolute CAGR
Scheme Name
NAV (`) 1 Year 3 Year 5 Year SINCE INCEPTION
Balanced
Aditya Birla SL Balanced Advantage Fund(G) 53.68 7.64 9.14 8.97 9.14

HDFC Balanced Advantage Fund(G) 206.13 15.82 14.13 10.81 17.44

ICICI Pru Balanced Advantage Fund(G) 36.19 8.33 9.39 9.87 10.82

Reliance Balanced Advantage Fund(G) 92.48 8.74 11.37 9.45 16.40

Conservative Hybrid
Aditya Birla SL Regular Savings Fund(G) 39.68 3.54 7.30 9.43 9.54

DHFL Pramerica Hybrid Debt Fund(G) 22.95 6.52 7.16 7.09 7.37

HDFC Hybrid Debt Fund(G) 46.71 9.77 7.57 7.90 10.43

ICICI Pru Regular Savings Fund(G) 43.41 8.32 9.33 9.93 10.09

UTI Regular Savings Fund-Reg(G) 40.74 2.11 6.63 8.04 9.45

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

Aditya Birla SL Liquid Fund(G) 304.75 0.56 1.77 3.61 7.48

Axis Liquid Fund(G) 2104.22 0.55 1.75 3.61 7.49

HDFC Liquid Fund(G) 3729.40 0.54 1.74 3.56 7.34

Reliance Liquid Fund(G) 4627.75 0.57 1.80 3.65 7.55

UTI Liquid Cash Plan-Reg(G) 3108.14 0.56 1.75 3.62 7.50

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

Edelweiss Arbitrage Fund-Reg(G) 13.99 0.58 2.09 3.28 6.54

ICICI Pru Equity-Arbitrage Fund(G) 24.88 0.51 2.09 3.22 6.51

Indiabulls Arbitrage Fund-Reg(G) 13.41 0.52 2.03 3.10 5.79

Kotak Equity Arbitrage Scheme(G) 26.91 0.54 2.05 3.25 6.62

Reliance Arbitrage Fund(G) 19.32 0.52 2.13 3.35 6.68

Gold-FOF Latest NAV (`) 6 Months 1 Year 3 Years SINCE INCEPTION

Axis Gold Fund(G) 10.62 5.37 9.52 0.70 0.78

Canara Rob Gold Savings Fund-Reg(G) 10.23 8.01 10.50 2.01 0.33

ICICI Pru Regular Gold Savings Fund(G) 11.56 7.59 10.99 1.62 1.90

Invesco India Gold Fund(G) 10.52 6.67 10.15 1.89 0.67

Kotak Gold Fund(G) 14.12 6.56 10.44 1.72 4.25

Performance as on 08th Jul’19 Source : ACE MF

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 INVESTOR JOURNAL
Jul, 2019

Global Markets at a Glance

Exhibit: Nifty Exhibit: INR Exhibit: India 10 Yr Yld %

12140 70.00 7.20
69.80 7.15
12040 7.10
69.60
7.05
69.40
11940 7.00
69.20 6.95
11840 69.00 6.90
3-Jun

4-Jun
29-May

30-May

3-Jun

4-Jun

3-Jun

4-Jun
29-May

30-May

29-May

30-May
Exhibit: S&P 500 Exhibit: Dollar Index Exhibit: US 10 Yr Yld %
2,820 98.5 2.30

2,800 98.1 2.25

97.7 2.20
2,780
97.3 2.15
2,760
96.9 2.10
2,740 96.5 2.05
3-Jun

4-Jun
29-May

30-May

3-Jun

4-Jun

3-Jun

4-Jun
29-May

30-May

29-May

30-May
Exhibit: Euro Stoxx 50 Exhibit: Eur Exhibit: Germany 10 Yr Yld %
3,340 1.128 -0.150

29-May

30-May

3-Jun

4-Jun
3,330 1.123 -0.160
3,320
1.118 -0.170
3,310
-0.180
1.113
3,300
-0.190
3,290 1.108
3-Jun

4-Jun
29-May

30-May
3-Jun

4-Jun
29-May

30-May

-0.200

-0.210

Exhibit: Nikkei Exhibit: JPY Exhibit: Japan 10 Yr Yld %

21,200 110.0 -0.07
3-Jun

4-Jun
29-May

30-May

21,000 109.5 -0.08

20,800 109.0 -0.08

20,600 108.5 -0.09

20,400 108.0 -0.09

20,200 107.5 -0.10

3-Jun

4-Jun

29-May

30-May
29-May

30-May

3-Jun

4-Jun

-0.10
-0.11

Exhibit: Shanghai Exhibit: CNY Exhibit: China 10 Yr Yld %

2,920 6.922 3.32
2,910 3.30
6.914
2,900
3.28
2,890 6.906
3.26
2,880
6.898
2,870 3.24
2,860 6.890 3.22
3-Jun

4-Jun
3-Jun

4-Jun

29-May

30-May
29-May

30-May

29-May

30-May

3-Jun

4-Jun

Source: Bloomberg, Karvy Research

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 INVESTOR JOURNAL
Jul, 2019

Indices Watch
Indian Indices:
As on As on % As on As on %
Index Name Index Name
31-May-19 28-Jun-19 Change 31-May-19 28-Jun-19 Change
S&P BSE 100 12,044.07 11,909.67 -1.12% NIFTY PHARMA 8,455.10 8,065.15 -4.61%
S&P BSE 200 4,986.55 4,926.59 -1.20% INDIA VIX 16.07 14.95 -6.94%
S&P BSE 500 15,517.90 15,291.70 -1.46% NIFTY IT 16,160.65 15,936.45 -1.39%
S&P BSE AUTO Index 18,445.99 17,904.15 -2.94% NIFTY SERV SECTOR 16,913.70 16,846.85 -0.40%
S&P BSE BANKEX 35,264.03 34,971.86 -0.83% Nifty Financial Services 13,479.80 13,556.40 0.57%
S&P BSE Capital Goods 19,939.33 19,855.41 -0.42%
NIFTY BANK 31,375.40 31,105.20 -0.86%
S&P BSE Con Durables 24,700.46 26,128.00 5.78%
NIFTY 50 11,922.80 11,788.85 -1.12%
S&P BSE DOLLEX 30 4,670.47 4,684.85 0.31%
NIFTY FMCG 29,850.40 29,546.05 -1.02%
S&P BSE FMCG 11,518.09 11,361.92 -1.36%
NIFTY 100 12,028.25 11,882.10 -1.22%
S&P BSE GREENEX 2,836.57 2,808.16 -1.00%
NIFTY CONSUMPTION 4,809.45 4,755.50 -1.12%
S&P BSE Health Care 13,305.06 12,889.34 -3.12%
NIFTY 200 6,177.85 6,099.45 -1.27%
S&P BSE IT 15,781.62 15,654.11 -0.81%
NIFTY MNC 13,153.95 13,044.10 -0.84%
S&P BSE METAL Index 10,756.40 11,107.22 3.26%
NIFTY 500 9,805.05 9,657.95 -1.50%
S&P BSE Mid-Cap 15,096.18 14,808.34 -1.91%
NIFTY ENERGY 16,560.35 16,046.80 -3.10%
S&P BSE O & G Index 15,734.43 14,803.26 -5.92%
Nifty 500 Shariah 3,003.96 2,943.74 -2.00%
S&P BSE Power Index 2,010.12 2,093.86 4.17%

S&P BSE PSU 7,825.82 7,832.33 0.08% NIFTY DIV OPPS 50 2,701.75 2,668.85 -1.22%

S&P BSE Realty Index 2,200.74 2,201.44 0.03% NIFTY AUTO 8,175.50 7,928.05 -3.03%

S&P BSE SENSEX 39,714.20 39,394.64 -0.80% Nifty Midcap 50 4,962.80 4,872.00 -1.83%

S&P BSE Small-Cap 14,867.04 14,239.33 -4.22% NIFTY PSU BANK 3,247.60 3,205.65 -1.29%

S&P BSE TECk Index 7,767.07 7,674.21 -1.20% NIFTY MEDIA 2,204.05 2,039.80 -7.45%

NIFTY COMMODITIES 3,685.20 3,635.50 -1.35%

Global Indices: NIFTY METAL 2,900.40 2,980.20 2.75%
As on As on %
Index Name NIFTY INFRA 3,338.85 3,369.20 0.91%
31-May-19 28-Jun-19 Change
NIFTY PSE 3,654.65 3,657.25 0.07%
All Ordinaries 6,491.80 6,699.20 3.19%
NIFTY REALTY 283.95 284.80 0.30%
BEL-20 3,427.18 3,547.46 3.51%

Bovespa 97,030.32 100,967.00 4.06%

Source : ACE MF
CAC 40 5,207.63 5,538.97 6.36%

DAX 11,726.84 12,398.80 5.73% For more information on MUTUAL FUNDS call
Dow Jones 24,815.04 26,599.96 7.19%
1800 425 8282 or contact your nearest Karvy branch.
Hang Seng 26,901.09 28,542.62 6.10%
Contact Person
Nikkei 225 20,601.19 21,275.92 3.28% PF/MFNL/10072019/66
NYSE 12,264.49 13,049.71 6.40%
Karvy Distribution
S&P 500 2,752.06 2,941.76 6.89% E-mail : Karvy.distribution@karvy.com
Phone : 040 3321 7132
Straits Times 3,117.76 3,321.61 6.54%

Taiwan Weighted 10,498.49 10,730.83 2.21%

Production: Naga Babu K

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The 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.
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