MUMBAI - SUNDAY - MARCH 10, 2024
Bear shadow.
BENGALURU - CHENNAI - COIMBATORE - HUBBALLI - HYDERABAD - KOCHI - KOLKATA - MADURAI - MALAPPURAM - MANGALURU - MUMBAI - NOIDA - THIRUVANANTHAPURAM - TIRUCHIRAPALLI - TIRUPATI - VIJAYAWADA - VISAKHAPATNAM
India to see record FPI inflows in FY24
RENEWED INTEREST. Resilient economy grabs the attention of foreign investors with overall inflows crossing $36.6 billion
KR Srivats
Janaki Krishnan
New Delhi/Mumbai
The current fiscal year
FY24 is set to end with re-
cord net inflows from for-
eign portfolio investors
(FPIs) into the Indian mar-
ket, with net equity invest-
ments close to ₹12,000
crore ($1.4 billion) in the
first week of March after a
tepid show in January and
February.
After two years of net
outflows, overall inflows
this fiscal year have crossed
$36.6 billion and set for a
record close if the mo-
mentum holds up for the
rest of the month. The pre-
vious high was in FY21
when FPIs injected overall
$36.2 billion into the Indian
markets.
Of the total so far, $22.5
billion has been in equities
and $13.4 billion in debt.
The third quarter GDP
growth of 8.4 per cent has
come as a shot in the arm,
putting India right back on
the radar of foreign in-
vestors. In February, FPIs
purchased a modest ₹1,539
crore while in January they
THUMPING VICTORY.
REIGNING AT HOME. Indian team poses with the trophy after sweeping the series 4-1 against
England, in Dharamshala, on Saturday. Playing his 100th Test, Ravichandran Ashwin picked up a match
haul of nine wickets as India defeated England by an innings and 64 runs in the fifth and final Test ANI
New MF distributor portability norms
to trigger competition, hit income
Suresh P. Iyengar
Mumbai
The new mutual fund distrib-
utor portability norms may
leave distributors with no
commission during the man-
datory cooling-off period of six
months, leaving them high and
dry, especially if investors trig-
ger multiple switches.
A spin-off effect of the new
norms is it will help large dis-
tributors poach businesses
from smaller players by offer-
ing better services and ease of
investment.
Investors can now switch
between distributors for the
same fund if they have con-
cerns about the current dis-
tributor or services. Previ-
ously, the new distributor
didn’t receive trail commis-
CM
YK
were net sellers.
Foreign brokers, who sell
India to their overseas cli-
ents, are bullish on the
long-term growth of the
economy. Calling it a
‘breakout moment,’
Barclays said that India is
set to remain the fastest
growing economy for some
time.
Post-general elections, it
expects a policy tilt towards
faster economic expansion.
In its analysis, Barclays has
said that India has the po-
tential to grow at 8 per cent
without necessarily losing
economic balance.
“……we found that, with
some policy push and im-
provements in the efficient
utilisation of labour, cap-
ital, export share and pro-
ductivity, India can mobil-
ise domestic resources well
enough to grow around 8
per cent consistently,” it
said.
GDP PUSH
On March 1, a day after Q3
GDP and growth estimates
were released, FPIs
pumped in ₹4,201 crore in
Indian equities, signalling
their keenness to not miss
out on the gains from the
sion. However, AMFI now per-
mits AMCs to pay trail com-
mission to new distributors
when investors switch.
The AMCs may consider
making payment of trail com-
mission to the transferee dis-
tributor after a cooling off
period of six months from the
date of change of distributor
code in the unitholder data-
base.
However, if the distributor
code is changed back to the ori-
ginal distributor in the cooling
off period, the cooling off
period of a further six months
will restart from such date of
change, said AMFI.
BETTER SERVICE
Venkat Chalasani, CEO, AMFI,
said the new commission
model will lead to investors
getting better service from dis-
Time for pitstop?
Aggressive buying
FPIs double down on debt
18,302
14,860
6,381
Oct Nov
2023
Dec
ongoing rally. Both Sensex
and Nifty50 have hit record
highs the past week.
On the debt side, FPIs
have infused ₹3,316 crore in
the first week of March and
$5.5 billion in sovereign
debt from the beginning of
the calendar year.
There are three reasons
for the renewed FPI in-
terest in Indian equities, ac-
cording to K Vijayakumar,
Chief Investment
Strategist, Geojit Financial
Services.
First, the Indian market
is showing great resilience,
and every dip is getting
bought. FPIs have been
forced to buy the same
SPIN-OFF EFFECT
The new norms will
help large distributors
poach businesses
from smaller players
by offering better
services and ease of
investment
tributors and widen the reach
of MFs to smaller cities.
While the new norms will
help grab new businesses, dis-
tributors will be left with no in-
come for almost one year if the
investors switches twice dur-
ing the cooling off period, said
a MF distributor from
Ghaziabad. This will hit small
distributors who are already
impacted by trail commission
model and reeling under the
Net FPI inflows in debt (₹ crore)
22,419
19,836
3,316
Jan Feb
2024
Mar (1-7)
shares that they sold at
higher prices, which is a los-
ing game. Second, US bond
yields have been steadily
declining (the 10-year yield
has declined from above 4.3
per cent to 4.08 per cent
now) and this has halted the
switch from equity to
bonds.
The FPI strategy of
selling equity in emerging
markets to buy US bonds
has stopped. Third, the In-
dian economy is growing at
better-than-expected rates
(FY24 GDP growth is likely
to be around 7.6 per cent,
far ahead of other large eco-
nomies) and this will have
positive impact on corpor-
Speciality chemicals: Rich valuations despite weak results
Sai Prabhakar Yadavalli
bl. research bureau
Speciality chemicals con-
tinue to report disappoint-
ing results, while investors
seem exuberant about its
prospects. From the Septem-
ber 2023 quarter, when rev-
enue momentum started
dipping, the average one-
year forward PE has in-
creased 40 per cent from 27
times to 37 times.
Currently, the revenue de-
cline for 9MFY24 stands at
10 per cent year-on-year on
average among varied com-
panies in base intermediates
(Deepak Nitrite and Aarti In-
dustries), contractual
(Navin Fluorine) and ad-
vanced intermediates (SRF
and Gujarat Fluorochem or
GFCL). This is despite new
capacities being commer-
cialised in the period for
most of the companies.
Expecting a weak global
economic growth in CY24-
25, large order flows have
either been delayed or
ever-increasing compliance
cost, he added. The trailing
commission is calculated as a
percentage of the entire in-
vestment brought to a fund by
a particular intermediary. It is
calculated on a daily basis and
paid every quarter. In equity
mutual funds, the commission
can range between 0.20 per
cent to one per cent and for
debt funds between 0.10 per
cent to 1 per cent.
Parth Parekh, Head In-
vestor Relations, Prudent Cor-
porate Advisory Services, said,
“We anticipate this move to
expand the mutual fund distri-
bution community as relation-
ship managers working in
banks and wealth outfits who
are the key faces behind client
servicing can pursue the mu-
tual fund distribution field as
entrepreneurs,” he added.
Prices of steel,
base metals to be
under pressure
in FY25
BIG STORY P2
FPI interest in equity
Month Net FPI
investments
in equity (₹ crore)
Dec-23 66,134
Jan-24 (-) 25,744
Feb-24 1,539
Mar-24 (1-7) 11,823
ate earnings and con-
sequently on the stock
market.
He cautioned that valu-
ations in the mid- and
small-cap segments were
“excessive and unjustified,”
and correction was only a
matter of time.
MARKET STABILITY
The main attraction of the
Indian markets is the stabil-
ity that it offers compared
to the volatility that other
economies are facing.
“The Indian economy
continues to be a ‘star per-
forming’ economy as
against other emerging
markets, said Axis Securit-
lowered. The high cost of do-
ing business (interest costs,
shipping costs and conflict
zones) is also pressuring the
order flow to companies.
Accelerated sales prior to
the start of the Ukraine con-
flict and post-Covid recovery
in 2022-23 are also acting as
a high base of comparison for
the companies.
China also increased its
quantum of exports with
weak demand further pres-
suring prices. This has espe-
cially happened in base
chemicals, refrigerant gases
and advanced intermediaries
to an extent.
The dual impact of lower
Higher investments rather than tariff cuts to
contribute to India’s gains from EFTA pact
Amiti Sen
New Delhi
India’s gains from the pro-
posed free trade agreement
with the European Free Trade
Association (EFTA) coun-
tries, to be signed on Sunday,
will have to mostly flow from
the $100-billion investment
and onemillion jobs promised
by the bloc over 15 years, as
goods exports may gain min-
imally due to insignificant ex-
isting tariffs, a report by re-
search body Global Trade
Research Initiative has
indicated.
New Delhi convinced the
EFTA countries, which in-
clude Switzerland, Iceland,
Norway and Liechtenstein, to
weave in commitments on
minimum investment flow
and job creation keeping in
ies in a recent note. It poin-
ted out that the macroeco-
nomic scenario had
changed in favour of the
equity market in the last
one to two months and
multiple indicators were
now indicating a positive
start for 2024.
“The bolstered balance
sheet strength of Corporate
India and the significantly
enhanced health of the In-
dian banking system are ad-
ditional positive factors
that, we believe, will facilit-
ate Indian equities in
achieving double-digit re-
turns over the next 2-3
years,” it said.
This will be supported by
robust double-digit earn-
ings growth.
Kedar Kadam, Director-
Listed Investments, Water-
field Advisors, a wealth ad-
visory firm, said the strong
FPI inflows during March
2024 were driven by the Q3
FY24 GDP numbers which
came in sharply higher at
8.4 per cent.
This is substantially bet-
ter than the consensus es-
timates of 6.7 per cent GDP
growth and even the most
optimistic estimate of 7.2
per cent, Kadam added.
demand and lower prices has
impacted profitability. The
profit margins have declined
by an average of 500 bps y-
o-y in 9MFY24, despite a
cool-off in input material
costs.
HIGHER VALUATIONS
Against the Nifty-50 index
growth of 28 per cent in the
last one year, the stocks in
consideration have returned
an average of 6 per cent. In
fact, excluding Navin Fluor-
ine (facing management
transition), the stocks have
returned an average of 15 per
cent in one year. Compared
to the past five years average
mind that the existing goods
tariffs in the bloc are already
zero or very low, an official
told businessline.
TRADE WITH SWISS
This is especially true for
Switzerland, which accounted
for $1.38 billion of the total
$1.87 billion of Indian exports
to the EFTA in CY)2023.
“Since 98 per cent of India’s
exports to Switzerland are in-
₹12 • Pages 12 • Volume 2 • Number 69
Should investors
tender shares in
Bajaj Auto
buyback? Our take
TAKING STOCK P5
INVESTMENT FOCUS.
Tech Call: ICICI Pru
Life Insurance - Buy
Gurumurthy K
bl. research bureau
Long-term investors can
consider buying the shares
of ICICI Prudential Life
Insurance Company
(₹586.90) at current
levels. The outlook is
bullish. Supports are at
₹500 and ₹440.
An inverted head and
shoulder pattern is in the
making. This is a bullish
pattern. The neckline res-
istance of this pattern is
around ₹623.
We see high chances for
the stock to break ₹623.
Such a break will boost the
bullish momentum.
The share price of ICICI
Prudential Life Insurance
Company can then surge
to ₹900 over the next one-
two years.
Long-term investors
can buy at the current
levels of ₹586.90, accumu-
late on dips at ₹510 and
₹480 and keep a stop-loss
at ₹380.
Investors can trail the
stop-loss up to ₹610 as
soon as the stock moves
one- year forward PE, the
stocks are trading at an aver-
age 33 per cent premium.
This points to investors
either extrapolating last five-
year performance or strong
outlook in the stocks.
MIXED OUTLOOK
However, what supports this
expectation is the continu-
ation of the capex and
product expansion plans an-
nounced by companies. The
large capex announcements,
which drove the earlier re-
rating, have only been
delayed, lowered or restruc-
tured, but not scrapped. The
next two fiscals can witness
dustrial goods already enter-
ing at zero tariffs, they won’t
benefit from the FTA. India’s
agricultural exports are min-
imal and unlikely to increase
significantly due to strict
quality standards and non-
tariff barriers,” the report by
Ajay Srivastava, co-founder,
GTRI, pointed out.
The signing ceremony of
the proposed pact in New
Delhi on March 10, officially
called the India-EFTA Trade
and Economic Partnership
Agreement (TEPA), is likely to
include trade ministers of
some EFTA countries as well,
such as Norway, apart from
Commerce & Industry Minis-
ter Piyush Goyal.
The low scope for increas-
ing market access for goods in
EFTA could be of concern as
India had a trade deficit of
$18.58 billion with the bloc in
RNI No. Applied
Long-term
investors can buy
at the current
levels of ₹586.90.
Accumulate on
dips at ₹510
and ₹480
up to ₹685; move the stop-
loss further up to ₹720
when the price touches
₹810 and book profits at
₹880.
This bullish outlook will
go wrong only if the stock
price declines below ₹440.
In that case, a fall to ₹370
can happen first.
A further break below
₹370 will increase the
selling pressure. In that
case, the stock can tumble
towards ₹290 eventually.
refrigerant gases expansion
in SRF and Navin Fluorine,
battery and energy storage
facilities for GFCL and
phenol downstream capacit-
ies of Deepak Nitrite.
The next few years could
also see some restructuring
at the corporate level, which
can provide arbitrage oppor-
tunities for investors as new
units are monetised for
growth.
The current fiscal has
posed hurdles and earnings
growth is expected to re-
sume from FY25. But the
current valuation range of
30-40 times the one-year for-
ward earnings implies an
earnings growth of at least
35 per cent CAGR over next
two years. The current con-
sensus estimates are in a
range of -15 to 15 per cent
CAGR for the companies in
FY23-25, marking a wide gap
in expectations. Investors
should brace for a period of
flat returns till estimates
catch up with valuations or
the next leg of growth
drivers reflect in earnings.
CY23, with its imports at
$20.45 billion. Of this, gold
and other precious metals,
stones and coins, all imported
from Switzerland, accounted
for $16.7 billion. Gold, making
up 80 per cent of India’s im-
ports from Switzerland, is a
critical factor, the report said.
The JV areas that the coun-
tries have short-listed, where
investments are to be made,
mostly don’t have competi-
tion from India, the official
said. “EFTA has agreed to the
condition of investments be-
ing made in India because
they are getting market ac-
cess. Also, they are not our
competitors in the identified
sectors. For instance, in India,
most medical devices are im-
ported from China. The pact
will lead to diversification of
imports, which is absolutely
necessary,” the official added.
. . . . . . . . BM-BME
 MUMBAI

2 businessline.portfolio
SUNDAY - MARCH 10 - 2024

WISE WORDS. MARKET ACTION.

An investment operation is one
which, upon thorough analysis
promises safety of principal and
an adequate return. Operations
not meeting these requirements
are speculative
BENJAMIN GRAHAM
Father of value investing

Bear shadow How sectoral indices moved

Mar 1 Mar 7 Movement
%
change

over steel,
METALS 27,897 28,737 ▲ 3.0

PSU 18,726 19,184 ▲ 2.4

POWER 6,699 6,829 ▲ 1.9

BANKEX 53,755 54,394 ▲ 1.2

base metals
AUTO 47,865 48,388 ▲ 1.1

CAPITAL GOODS 58,843 59,467 ▲ 1.1

OIL&GAS 28,256 28,466 ▲ 0.7

CONSUMER DURABLES 52,361 52,673 ▲ 0.6

HC 34,701 34,896 ▲ 0.6

MUTED SHEEN. Prices are FMCG 19,531 19,554 ▲ 0.1
expected to be under pressure in TECK 16,889 16,893 ▲ 0.02

FY25, with possibility of a REALTY 7,240 7,236 ▼ -0.1

GETTY IMAGES
recovery in the final quarter IT 38,202 37,744 ▼ -1.2

But the decline in demand from the growth this year.

How other indices moved
Akhil Nallamuthu property sector was largely counter bal- With respect to aluminium, even as NIFTY NEXT 50 59,507 60,324 ▲ 1.4
bl. research bureau anced by demand from renewable energy China is nearing its self-imposed produc-
BANK NIFTY 47,287 47,836 ▲ 1.2
and Electric Vehicles (EVs) segments. tion cap of 45 million tonnes per year, ex-

C
ompanies using metals as
key raw material have been
enjoying low input costs in
the last few quarters,
thanks to the downtrend in
metal prices. Steel and important metals
such as copper, aluminium etc., hit record
highs in early 2022 as the Russia-Ukraine
war broke out, on fear of supply disrup-
tion that could hit the availability of com-
modities because of the conflict.
However, prices have tumbled since
then due to weak demand and the rate
hike cycle initiated by central banks, espe-
cially the Fed. S&P/TSX Global Base Metal
Index (150.7) is down nearly 30 per cent
from its peak of 212.3 hit on April 1, 2022.
Lower commodity prices helped India
Inc with margin expansion in the last few
quarters. What is the outlook on the
metals front for FY25? Here, we look at
the key factors that could decide the price
trajectory of metals in the coming
months.
THE CHINESE ANGLE
China’s share of metal consumption ac-
counts for 60 per cent of the global metals
demand, according to the World Bank.
This signifies the importance of this coun-
try in the commodity value chain. So, the
Chinese demand is crucial for price
recovery.
The property sector in China, which
has been on a downward spiral since the
breakout of Evergrande crisis in 2021, is
still ailing. Even as the government is
making attempts to revive it by easing fin-
ancing, cautious approach by banks to-
wards lending to realty firms could drag
the revival.
This apart, the huge inventory and the
housing stock under construction could
take years before they are cleared. Accord-
ing to the International Monetary Fund
(IMF), housing starts have now dropped
by 60 per cent compared to pre-pandemic
levels and real estate investment could
drop by 50 per cent in the next decade.
Manufacturing too is not encouraging. A
Manufacturing PMI (Purchasing Man-
agers Index) level of less than 50 indicates
contraction and it remained below that
level in China for 8 out of 12 months in
2023.
In 2023, China added 301 gigawatts of
renewable energy capacity, which is
nearly 60 per cent of the global addition of
510 gigawatts for the year. Within the
green theme, the sales of EVs grew 38 per
cent in 2023 and their share of total sales
reached over 30 per cent in December last
year. Thus, the demand for metals such as
copper, that have green applications, and
aluminium, used extensively in the auto-
motive sector, remained steady.
However, going ahead, these may not
repeat. While China could add between
200 and 260 gigawatts of green capacity in
2024, this will still be lower compared to
2023. Also, China has already reached its
1,200-gigawatt green capacity target for
2030 and so, the incremental additions
will only go down. On the other hand, the
growth rate in automobile sales, which
stood at nearly 12 per cent last year, could
significantly slow to 3 per cent this year.
Overall, China, estimated to grow by 5.2
per cent in 2023, has set a lower target of 5
per cent for 2024. The IMF forecasts
China to grow at a lower rate of 4.6 per
cent.
Though the demand from the green
sector remained strong in 2023, the prices
of key commodities such as copper and
aluminium rose only 2 and 1 per cent re-
spectively. As the consumption slows in
the coming months, prices are less likely
to be supportive. This is especially true
when supply is forecast to be in excess of
the demand in 2024 for most of the
metals.
EXCESS SUPPLY
For commodity players, what is probably
going to play spoilsport on steel and metal
prices is comparatively faster growth in
supply than demand.
According to the World Steel Associ-
ation, the demand in 2024 is set to in-
crease by 1.9 per cent to 1,849 million
tonnes. However, because of the overca-
pacity in China and absence of decarbon-
isation measures, the production could
easily exceed the consumption, weighing
on the steel price. In 2023, supply ex-
ceeded production by 77 million tonnes,
and the gap can go up further.
The International Copper Study Group
forecasts that the global copper balance
could shift from a 27,000 tonnes deficit in
2023 to 4,67,000 tonnes surplus in 2024.
While production outages in Chile, China
and Indonesia supported prices to some
extent in 2023, no major disruptions are
expected in 2024. Mining output is expec-
ted to grow in Chile, the Democratic Re-
public of Congo, Indonesia, Peru, Russia,
and Uzbekistan.
Likewise, the International Lead and
Zinc Study group expects global lead and
zinc balance to be at a surplus of 52,000
tonnes and 3,67,000 tonnes respectively.
This is nearly a 50 per cent increase com-
pared to 2023. This is because of the in-
crease in primary lead production in
countries such as Australia, Canada,
China, India, and South Korea. For zinc, a
strong rebound in Chinese production
and expansion of supply from large pro-
jects in the Democratic Republic of
Congo, Russia, and South Africa can res-
ult in production outpacing demand
pansion plans are on in other South-East NIFTY 100 22,862 23,036 ▲ 0.8
Asia countries such as Indonesia. Con-
sequently, the supply will continue to NIFTY 200 12,331 12,417 ▲ 0.7
flow. Similarly, for nickel, supply growth NIFTY 500 20,350 20,435 ▲ 0.4
from Indonesia, which accounts for over
50 per cent of the global supply, can result
in more stockpiles of this metal.
Generally, subdued global economic
activity and easing of supply constraints
are likely to have a negative effect on
prices in 2024.
MACROECONOMICS AND
GEOPOLITICS
Global GDP growth, according to IMF es-
timates, is likely to stay flat at 3.1 per cent
in 2024. But importantly, large economies
such as the US and China are expected to
see considerable slowdown. The former
could grow at 2.1 per cent this year com-
pared with 2.5 per cent last year and the
latter could slow to 4.6 per cent in 2024 as
against 5.2 per cent in 2023.
While the Euro area is expected to see a
higher growth rate of 0.9 per cent in 2024
versus 0.5 per cent in 2023, higher in-
terest rates could be a dampener. So, the
support for commodity prices from this
region could be limited. Higher interest
rates in the US can also be a drag. Overall,
it is important to note that, as we have dis-
cussed earlier, the recovery in China is key
for commodities.
The upside risks for the prices can arise
from supply disruption due to reasons
such as escalation of conflict in the Middle
East and the Russia-Ukraine war. This
apart, there are issues on the lines of gov-
ernments not permitting development of
new mines due to environmental con-
cerns, and production outages due to
power or water constraint, etc. Adverse
developments on these fronts can push
the prices up considerably.
That said, at this juncture, the risks are
broadly tilted to the downside because of
potential weak economic activity, particu-
larly in China, and growing supply of steel
and almost all metals. A recovery in prices
might be seen in 2025 due to potential im-
provement in demand but it remains un-
certain. So, companies in India with steel
and base metals as key inputs are expec-
ted to get continued support from the be-
nign prices in FY25.

Technical analysis
LME Copper
($8,579.5)
Copper futures on the London
Metal Exchange (LME) has been
oscillating between $7,900 and
$8,700 since May last year.
Resistance above $8,700 are at
$9,000 and $9,400. On the other
hand, support below $7,900 can
be spotted at $7,200. A break
below $7,200 can trigger another
round of sell-off, possibly
dragging the contract to $6,500
and then to $5,800. Going ahead,
copper futures could fall to the
price region between $7,500 and
$7,200 in the coming months
and then establish a long-term
uptrend. Note that for the
contract to turn the trend
bullish, it should decisively
invalidate the barrier at $9,400.
Support: $7,900 and $7,200
Resistance: $8,700 and $9,400
Note: Charts of steel contracts show that the data is not continuous. Hence, we’ve not considered it for technical analysis.
Excess supply is anticipated to exert downward pressure on the prices.
Broadly, the charts do not show indications of a bullish turnaround at present.
LME Aluminium
($2,240)
Aluminium futures on the LME
has been charting a sideways
trend since May 2023. It has
been fluctuating between
$2,100 and $2,385. The chart
shows no bias on either side and
so, the chances for the
consolidation to continue are
high. A breakout of $2,385 can
lift the contract to $2,500 and
$2,650. Note that $2,650 is the
critical level and only if
aluminium futures surpass this
level can it establish a
sustainable rally. On the other
hand, in case the contract slips
below the strong base of $2,100,
we are likely to see a quick fall to
$1,950, a support. Subsequent
support is at $1,830.
Support: $2,100 and $1,950
Resistance: $2,385 and $2,500
LME Lead
($2,104.5)
Lead futures on the LME, since
the beginning of 2023, is moving
horizontally. It has been tracing
a broader sideways range of
$2,000 and $2,300. Within this
price region, there is a
resistance at $2,170. But even
before 2023, lead futures has
not been steadily trending in
either direction. So, we can
expect the contract to behave
that way in the coming months.
We anticipate lead futures to
stay in the $2,000-2,300 range
over the medium term. Even if
either of the boundaries of the
range is broken, there are
resistance and support near-by
which can keep movement
limited on either side.
Support: $2,000 and $1,915
Resistance: $2,170 and $2,300
LME Zinc
($2,527.5)
Zinc futures, like the other base
metals, has been in a sideways
crawl. It has been oscillating
between $2,270 and $2,650
since May 2023. Immediately
above $2,650 is another
important hurdle at $2,700. So,
the price band of $2,650-2,700 is
a resistance band. If this is taken
out, zinc futures can rally to
$2,900. A breakout of $2,900 can
lead to the contract establishing
a strong upswing. But if zinc
futures decline from here and
drop below $2,270, it can fall to
$2,040 and $1,800. If the
downtrend to $1,800 happens,
we can expect zinc futures to
see a significant bullish reversal
off this support.
Support: $2,270 and $2,040
Resistance: $2,700 and $2,900
RE POSTS.
LME Nickel
($18,011) At its peak in March 2000, Cisco traded at 37-times trailing
sales, making it the most valuable listed company in the
world. Since then, Cisco's earnings-per-share have
increased nearly tenfold, with sales-per-share rising almost
as much. Yet, the stock remains 39% below its 2000 highs.
As I write this, Nvidia is also trading at 37–times sales.
@PeterBerezinBCA
Expanding PE ratio mindlessly is like stretching an elastic
band too much. At some point, the band will snap and
recoil. But, till that very moment, it will be a smooth stretch
giving everyone a great sense of comfort.
Nickel futures, which was stuck @shyamsek
between $15,900 and $17,200
since November 2023, saw a fresh You will sell winners too soon. You will hold losers too long.
breakout last month. So, there is a You will buy stocks you shouldn’t. Just don’t blame others.
chance for the contract to see When you blame others for your investing mistakes it
further upside. However, the rally proves you didn't do the work. Take ownership of your
can be limited as there are decisions and mistakes so you learn from them.
resistances at $18,500 and @iancassel
$20,300. If the bulls can push the
price above $20,300, then the More money is not the only solution for money problems. If
long-term trend can turn bullish. that is so, rich people should not have money problems.
But as it stands, the probability for Learning the art of money management is the key. Avoiding
that to occur is low. The upswing debt is avoiding most of money problems. Risk
could be a corrective rally and we management and not returns management would prevent
might see the price falling after chances of blowups.
reaching either of the resistance. @dmuthuk
If the support at $15,900 is
breached, nickel futures can
witness a fall to $14,280.
Support:$15,900and $14,280
Resistance: $18,500 and
$20,300

CM
YK ... . . . . . . BM-BME
 Your Money . bl . 3
MUMBAI

businessline.portfolio
SUNDAY - MARCH 10 - 2024

Save differently, TAX QUERY

SUDHAKAR SETHURAMAN

from this I had deposited a sum of ₹15 lakh in capital gains

FD. My interest on FD is not credited to my SB
account but added to my FD. My capital gains

Women’s Day
from property sale were only ₹15 lakh. Can I
withdraw the interest amount for my personal
expenses?
Kamal Poddar

Investment in Capital Gains Deposit entitles the

FAIR STRATEGY. Creating emergency funds, planning
for retirement and health insurance need more thought
in the case of women than men. Here’s why.
Venkatasubramanian K
bl. research bureau
As women surge ahead in their profes-
sional lives, they are increasingly taking
their rightful places in decision-making
roles at workplaces. At the same time,
setting their personal finances in shape
needs equal attention. This planning is
not to be taken lightly or passed on to
spouses or parents.
Saving and investing wisely, taking
insurance, maintaining asset allocation,
keeping debt low and manageable, and
directing financial instruments towards
more for the time you will require to get
into a job again. Let it be a planned break
as the corpus required for sailing
through such a break would be high and
would require a reasonable period of
accumulation.
It would be ideal if you can keep your
regular investment commitments going
with your large emergency fund. But if
that is not possible, you must com-
pletely avoid tapping into your invest-
ments and savings accumulated before
the time your break started. In all cases,
emergency funds must be separate from
your investments for other goals.
THINGS TO DO
 Increase emergency corpus size for
planned career breaks
 Factor in higher longevity for
retirement corpus calculation
 Ensure specific riders in health
insurance
there is one critical factor to note when
you save for retirement— women tend
individual to tax exemption. Withdrawal from such
deposit is permitted only for specified purposes, that
is for making eligible investments (purchase of house
property within two years or construction of house
property within three years).
Any premature withdrawal or withdrawal for any
purpose other than those specified would revoke the
tax exemption and the individual is required to pay
capital gains tax in the year of withdrawal.
Hence, in your case, withdrawal of interest portion
for personal expenses would be considered
premature withdrawal, leading to taxing the capital
Staying with health insurance, taking gains in the year of withdrawal.
a critical illness rider with your regular
health cover is a good option. For wo- The writer is Partner, Deloitte India
men, riders covering breast, ovarian and Send your queries to taxtalk@thehindu.co.in
cervical cancers are critical, given the
generally high prevalence of such
ailments.
Again, on insurance, term covers are Interest rates on home loans (%)
essential not just for working women;
even housewives need them. When we Loan amount

specific life goals — these are the finan- FACTORING LONGER LIFESPANS to live longer than men. A Harvard study measure the enormous time and effort a Institution
Under ~30 to Over
cial planning steps that are common to THAN MEN says that, worldwide, women live for housewife puts in to take care of her ~30 lakh 75 lakh ~75 lakh
both genders. You may be saving jointly with your seven years more than men on an family, the actual costs saved are BANKS (Floating rates)
However, some parts in the financial spouse for a relaxed and peaceful retire- average. enormous. So, in the unfortunate event
Axis Bank 8.75-9.65 8.75-9.65 8.75-9.65
planning process need more thought in ment. . If you are single or have percep- Another aspect to note is whether of the demise of the housewife, if other
the case of women. Here’ s more. tion of money that is different from that there is a considerable age difference people have to be employed to take care Bank of Baroda 8.40-10.60 8.40-10.60 8.40-10.60
of your spouse, you may also be saving with your spouse, say, five or more of the family’s needs, a term cover be- Bank of India 8.30-10.75 8.30-10.75 8.30-10.75
ENHANCING EMERGENCY FUNDS independently. . years. Taking the Harvard study into ac- comes relevant. Even otherwise, the in- Bank of Maharashtra 8.35-10.90 8.35-10.90 8.35-10.90
Typically, having six months to one Irrespective of the way you save, count, you will need to factor in a surance cover for a stay-at-home mom
year’s expenses as a contingency fund is lifespan of 12 additional years for your becomes handy to help raise a depend- Canara Bank 8.50-11.25 8.45-11.25 8.40-11.15
suggested for all investors. However, in retirement corpus calculation. ent child in her absence. HDFC Life, Central Bank 8.35-9.50 8.35-9.50 8.35-9.50
the case of women, there may be added Even if you are single or plan on early ICICI Prudential, Bajaj Allianz and Tata DBS Bank <=9.40 <=9.40 <=9.40
dimensions. For example, let’s say you retirement, you will need to provision AIA, among others, offer term covers
Federal Bank >=8.80 >=8.80 >=8.80
take a maternity break that extends bey- for a longer life expectancy, especially as even for housewives.
ond the usual six months allowed medical infrastructure improves sub- HDFC Bank 8.70-9.80 8.70-9.80 8.70-9.80
by most employers. Since most stantially over the decades. So, if a male TAKING ADVANTAGE OF SPECIAL ICICI Bank 9-9.80 9-9.95 9-10.05
companies stop paying salaries plans for a lifespan of 75-80 years, you FINANCIAL PRODUCTS Indian Bank 8.40-9.80 8.40-9.80 8.40-9.80
after the six-month period, may have to calculate a corpus that runs Many banks offer home loans at 5 to 10
Indian Overseas Bank >=8.40 >=8.40 >=8.40
women need to bolster their till you attain 85 or 90 years of age. basis points lower interest rates when a
emergency funds by another woman is the first applicant. This lower IDBI Bank 8.40-12.25 8.40-12.25 8.40-12.25
six to 12 months’ expenses. SPECIFIC INSURANCE RIDERS interest cost can lead to substantial sav- J&K Bank 8.75-9.85 8.75-9.85 8.75-9.85
You will need to factor in costs Women have to consider some add- ings over the long term. Therefore, wo- Karnataka Bank 8.60-10.60 8.60-10.60 8.60-10.60
of any nanny you hire, additional ons or riders in health insurance. men must be added as main applicants
domestic help and child-related Ensure that you have maternity in case of joint loans. Karur Vysya Bank 9.0-11.05 9.0-11.05 9.0-11.05
expenses (vaccinations, childcare cover from your regular health insur- Some financial institutions offer Kotak Mahindra Bank 8.70-8.95 8.70-8.95 8.70-8.95
products, etc.) in your contingency ance policy. Health insurers offer higher rates of interest for women on Punjab National Bank 8.45-10.10 8.40-10.10 8.40-10.0
fund calculation. ₹15,000 to as much as ₹2 lakh for pre deposits. Shriram Finance, for example,
Punjab & Sind Bank 8.50-10.0 8.50-10.0 8.50-10.0
Another situation that is common is and post-natal care as part of maternity offers 10 basis points higher interest in
women taking career breaks when chil- benefits. If your employer offers health deposits exclusively for women. State Bank of India 8.40 - 9.75 8.40 - 9.75 8.40 - 9.65
dren reach higher classes and are close insurance, take it, as group cover has A discount in loans or a higher rate in South Indian Bank 9.84-11.24 9.84-11.24 9.84-11.69
to writing their class 10 or class 12 board maternity benefits to the tune of deposits does not mean you should rush Tamilnad Mercantile Bank 8.60-9.95 8.60-9.95 8.60-9.95
exams. If you foresee such a situation ₹50,000 to ₹60,000. If you and your for them. But in case they make sense as
UCO Bank 8.45-10.30 8.45-10.30 8.45-10.30
arising in your family, you must plan to spouse have group insurance, you can a part of your overall financial plan and
have contingency funds of a size that cover a major or entire maternity costs asset allocation, taking a good deal Union Bank of India 8.35-10.75 8.35-10.75 8.35-10.75
spans the period of your break and a bit along with your private insurance. would work well. BANKS (Fixed rates)
Axis Bank 14.00 14.00 14.00
IDBI bank 10.90-12.0 10.90-12.0 10.90-12.0
Union Bank of India 11.4 11.4-12.4 12.4-12.65

Coping with sudden income loss HOUSING FINANCE COMPANIES (Floating rates)
Tata Capital
Piramal Cap & Housing Fin
PNB Housing
>=8.70
>=9.50
8.50- 11.25
>=8.70
>=9.50
8.50- 11.45
>=8.70
>=9.50
8.50- 11.45

FINANCIAL PLANNING. How a doctor couple can streamline their finances in the wake of an accident Central Bank Housing 9.95-11.15 9.95-11.15 9.95-11.15
Indiabulls Housing Fin >=9.30 >=9.30 >=9.30
Aditya Birla Housing Fin 8.80-14.75 8.80-14.75 8.80-14.75
Sridevi V Bajaj Finserv 8.50-15.00 8.50-15.00 8.50-15.00
GIC Housing Finance >=8.80 >=8.80 >=8.80
Dr Nandini and her family were
living peacefully and were in Reliance Home Finance NA NA NA
control of their finances. An ac- Sundaram Home Finance* >=10 >=10 >=10
cident to the family has thrown HOUSING FINANCE COMPANIES (Fixed rates)
up new challenges and that was LIC Housing Finance Ltd 10-10.25 10-10.25 10-10.25
precisely why they wanted to
have professional guidance, by *Data as on respective banks’ website on Mar 08,2024; For each year range, the maximum
approaching a Financial offered interest rate is considered; interest rate is for a normal fixed deposit amount below ₹1
crore. Compiled by BankBazaar.com *Annual percentage rate;
Advisor.
GETTY IMAGES/ISTOCKPHOTO

Dr Naveen and Dr Nandini

have been married for 12 years
and have a son aged 9. During
one of their travels, the family
met with an accident last year.
Dr Naveen is yet to recover and
may not be in a position to carry
out his professional practice in
the near future. A family that
had two earning members is
now facing a situation with a
single earning member that has
increased the responsibility on
Dr Nandini. With responsibilit-
ies come the burden of man-
aging a patient too, though it is
for the short term.
Dr Nandini earns a monthly
consultancy income of ₹2.65
lakh from a corporate hospital.
The couple is asset-rich but
their financial position is lim-
ited by liquidity issues and liabil-
ities. Dr Nandini is keen to close
the loans at the earliest.
As they did not have enough
liquid cash, Nandini sold a plot
recently for ₹50 lakh and used
the funds to manage hospital ex-
penses and paid money back to
her relative who helped during
the crisis.
They had paid ₹10 lakh as ad-
vance for booking a property in
Chennai towards their plan to
construct a hospital. As the plan
is postponed, she has asked for
refund of the amount, which is
expected any moment.
RECOMMENDATIONS
Based on the discussion with the
doctor couple, the following re-
commendations were made.
1. It was suggested that Dr
Nandini increase her family
health cover with super top-up
policy for sum insured of ₹1
crore. They have a base cover of
₹10 lakh with multiplier bene-
fits, which was very helpful to
meet Dr Naveen’s hospitalisa-
tion expenses last year.
2. They do not have any
fixed deposits or liquid invest-
ments. It was suggested to in-
vest the booking advance refund
in a fixed deposit. This would be
mapped for emergency needs.
3. Cash available with Dr
Naveen’s savings account would
be used towards his home care
expenses and plot loan for the
next one year.
4. It was also suggested to
sell the land in Mysore and close
the plot loan. This will ease the
burden on the cash flow. The
Mysore land was bought for in-
vestment purposes and in Dr
Naveen’s name. As the land is in
a gated community in an up-
coming area, they will be able to
sell it at minimal loss to capital
invested. The sale proceeds can
partially be used to foreclose the
housing loan.
5. Once the liability burden
gets reduced, Dr Nandini may be
freed from additional work and
concentrate on the family well-
being, with only corporate hos-
pital practice.
6. Both Dr Naveen and Dr
Nandini have opted for ₹2 crore
term insurance individually. It
was advised to continue paying
the premium for the same. No
additional insurance cover was
recommended at this point of
time.
7. The couple had opted for
eight conventional insurance
policies. It was suggested to
make three policies as paid up
where Dr Naveen was the life as-
sured. Other policies were to be
surrendered.
This exercise frees up ₹3 lakh
cash outflow towards premium
payment. The proceeds from
the surrender of the insurance
policies can be added to emer-
gency fund.
8. It was advised to invest
₹25,000 per month towards
their son’s education expenses
in a mutual fund suitable for
their current risk profile and the
time horizon.
This amount may be in-
creased post easing the burden
of the liabilities.
9. It was also advised to
move the month-end surplus to
liquid fund or to a separate bank
account to help manage the cash
flow effectively.
10. Dr Nandini wanted to be
prepared for unforeseen emer-
gencies (like the one the family
is going through), and for their
own retirement. She wanted to
prepare herself and the family in
case a situation arises where she
would be incapable of practising
her profession.
A suitable plan was drafted
with the help of a lawyer to man-
age their assets. Her parents and
in-laws were very helpful in
overcoming the difficult period
by extending their full support.
She is thankful to them, how-
ever she wants to bring more
stability to her finances.
11. She was advised to decide
on managing the rental property
and the plot in Coimbatore. In
due course, she may keep a
home for the family and focus
on building her financial assets.
REAL ESTATE
SELLING
We advised her to review their
goals and think of what they GENERAL
wanted to achieve when Dr FLATS & Land available @T.Nagar,
Naveen was active. Ashok Nagar & More. Contact us to
Sell or Buy your Property at Best
12. Once Dr Naveen recovers, Price. Prema Swaroopa Realty
they may need to have a relook 9940153561
at their finances together, in-
cluding their goals, and plan the
future course of action.
They may also increase their
savings and investments in fin-
ancial assets towards retire-
ment down the line.
Many a time, when
everything is falling into place in
our lives, we hardly give a
thought to some of the basics of
personal finance — such as asset
allocation, diversification and
not taking too much of lever-
age. It is always better to have a
mix of assets in the proportion
that suits one’s needs to ensure
we are geared up to face the
challenges life keeps throwing
up at unexpected times.
A sound practice for a profes-
sional, a high paying job or a
good income-generating busi-
ness may not be sufficient if we
do not stick to the fundamentals
of personal finance.
Build wealth that can protect
you when you are not in a posi-
tion to work, keeping a broad
check on your expenses and
leverage.
The author is a SEBI registered Investment
Adviser (www.financialplanners.co.in)

CM
YK . . . . . . . . BM-BME
4 . bl . Fund Insight
MUMBAI

businessline.portfolio
SUNDAY - MARCH 10 - 2024

Mixing assets
for superior ALERTS.

returns
Axis MF launches target maturity fund

Axis Mutual Fund has announced the launch of the Axis

CRISIL IBX SDL June 2034 Debt Index
Fund, an open-ended target maturity
index fund designed to invest in
FUND CALL. ICICI Prudential Multi-Asset Fund has constituents of the CRISIL IBX SDL

GETTY IMAGES/ISTOCKPHOTO
Index – June 2034. This fund is
juggled equities, bonds, commodities and derivatives characterised by a relatively-high
deftly over the years interest rate risk and relatively-low
credit risk. The NFO will be available for
subscription until March 12, with
investors having the option to invest a minimum of ₹5,000
per plan/option, and thereafter in multiples of ₹1.

Venkatasubramanian K
bl. research bureau
In a situation where benchmark
equity indices are at record
levels and even gold is close to
its all-time highs, making an in-
vestment choice is not easy.
Even bonds have rallied in re-
cent months, with yields declin-
ing steadily.
Thus, asset allocation be-
comes critical at this juncture
because investors must ensure
no potential opportunity is
missed and at the same time, a
correction in any specific asset
class doesn’t seriously hurt their
overall portfolio.
Multi-asset funds, which in-
vest in a blend of equity, debt
and gold, may be suitable for in-
vestors with a modest risk ap-
petite and even for seasoned
players in the market as a
healthy mix of assets would be
desirable in the present times.
Equity, debt and gold have
very little correlation to each
other’s moves across timelines.
Returns tracked over the past
15-20 years suggest that equity-
debt, gold-debt and equity-gold
have negative or very low correl-
ation coefficients. Thus, a diver-
sified portfolio with all three as-
set classes in appropriate ratios
based on individual risk appet-
ites would tend to lower risks
and give a smoother ride to-
wards goals.
In this regard, ICICI Pruden-
tial Multi-Asset Fund (ICICI
WHY INVEST
 Consistent performance
and above-average
returns
 Portfolio anchored to
valuations and focused
on reducing risk
 Suitable for lump-sum
and SIP investments as
timing of entry is
irrelevant
Prudential Dynamic earlier)
may be a good choice for in-
vestors, given its consistent
show over the past 20-plus
years. Its track record over the
past five-seven years is espe-
cially strong. Investors can con-
sider lump-sums or SIPs in the
fund with a horizon of at least
five years.
STERLING PERFORMANCE
ICICI Prudential Multi-Asset
Fund (ICICI MAF) has been
among the top couple of
schemes in its category over the
medium and long terms.
In the last one year, it has de-
livered nearly 32 per cent re-
turns on a point-to-point basis.
Over 3-10-year timeframes, it
has given nearly 17-24 per cent
returns compounded annually.
When three-year rolling re-
turns are taken over the period
January 2013 to March 2024,
ICICI MAF has delivered mean
returns of 15.5 per cent, making
it among the best in the
category.
The return distribution is im-
pressive, too. If three-year
rolling returns are taken over
the same period mentioned
earlier, the fund has given over
10 per cent returns nearly 83 per
cent of the time.
Further, it has given more
than 12 per cent returns more
than 71 per cent of the times and
in excess of 15 per cent just a
little less than half the time, all
compounded annually.
When SIP returns (XIRR)
over the past a 10-year period is
considered, the figure is an im-
pressive 17.9 per cent.
DEFT PORTFOLIO MOVES
The scheme invests in a blend of
stocks, derivatives (for safe
hedging and at times accruals as
well) gold, silver and other ex-
change traded commodity de-
rivatives (ETCDs).
Debt and cash also form a key
part of the portfolio. It seeks to
keep gross equity exposure
(without adjusting for derivat-
ive exposure) to around 65 per
cent of the portfolio, which
mostly ensures equity taxation
for investors.
As a fund, ICICI MAF follows
a keen valuation-based ap-
proach to shuffle assets for op-
timal risk-adjusted returns. So,
when equity markets are on a
frenzy with multiples going way
beyond comfort levels, the fund
promptly trims stock exposure.
It has been able to do well on
this aspect over the years. In re-
cent times, when markets nose- Fixed Maturity plans from two MFs
dived during January-March
2023, the fund increased net Tata Mutual Fund and ICICI Prudential Mutual Fund have
equity exposure (including de- announced the launches of their fixed
rivatives) from 61.9 per cent maturity plans (FMPs) with maturity
levels to 68.6 per cent in March durations of 91 and 364 days. Tata FMP
2023. Series 61 Scheme A (91 days) and
This move allowed it to take Scheme B (364 days) are closed-ended
advantage of falling markets and debt schemes that would invest in fixed
attractive valuations. As mar- income instruments. ICICI FMP Series
kets surged ahead, the fund 89 scheme (91 days) is a close-ended
brought down net equity expos- income fund too. The NFO for Tata
ure to 57.5 per cent by Decem- FMP and ICICI FMP will be open until March 11 and 12,
ber 2023. respectively. Investors can subscribe with a minimum
In its recent January portfo- amount of ₹5,000 for both FMPs.
lio, ICICI MAF has 66.42 per
cent gross equity, 10.5 per cent
in ETCDs, gold and silver ETFs ETF movers
(mild exposure) and 27.6 per
cent in debt, predominantly Top ETFs (Exchange Traded Funds) traded on NSE based on
weekly change in price
term deposits, government and
corporate securities. Most of the NAV (₹) Price (₹)
Weekly Volume traded
debt exposure is sovereign and change in the last
in price week
other securities that carry the as on Mar 7 (%) (in '000s)
highest credit ratings.
The fund’s derivative expos- ETF
ure includes stock and index fu- Kotak Nifty PSU Bank ETF 729.6 731.4 4.05 261
tures, and covered calls. Nippon ETF Nifty PSU B 81.4 81.4 3.80 16,834
ICICI MAF’s equity exposure
CPSE ETF 83.8 83.9 2.88 21,146
is quite diffused across stocks
and the picks are mostly large- Bharat 22 ETF 104.7 104.8 2.20 5,076
caps in the Nifty 100 basket, UTI Nifty Next 50 ETF 63.8 64.0 1.93 341
with some mild exposure to ABSL Nifty Next 50 ETF 62.3 62.4 1.81 49
mid-caps well.
There is a fair degree of stabil- SBI ETF Nifty Next 50 634.6 636.0 1.70 120
ity in sector choices with banks, GOLD ETFs
automobiles, financial services Nippon ETF Gold Bees 55.2 55.4 4.80 23,043
and IT being among the main
SBI ETF Gold 56.8 57.0 4.78 2,614
holdings.
ICICI Prudential Multi-Asset Kotak Gold ETF 55.5 55.6 4.77 1,669
can be a great addition to the
Source: Bloomberg. Returns as on March 7, 2024
core of your portfolio with a
five-seven year timeframe.
Best NPS plans
Top pension funds in each category based on 5-year CAGR

Playing on rate cut Tools quant funds use Name of the fund
NAV
(₹)
as on
Mar 7
Returns (% CAGR)

1-year 3-year 5-year

Assets
(₹ cr)

expectations FUND TRACKER. For filtering stocks, these funds use multiple variables
TIER I: EQUITY PLANS
ICICI Pru Pension Fund
Kotak Pension Fund
64.3
58.7
36.8
33.1
18.5
17.8
17.7
17.6
11,564
1,993
Madhav Suresh HDFC Pension Fund 47.1 32.2 16.9 17.3 34,460
NFO REVIEW. Bandhan Long Duration Fund bl. research bureau TIER I: GOVERNMENT BOND PLANS
looks to gain from the likely fall in bond yields LIC Pension Fund 27.2 10.5 6.6 8.8 5,030
Asset management companies HDFC Pension Fund 25.2 10.6 6.5 8.6 22,890
employ diverse investment
Venkatasubramanian K strategies to select stocks from ABSL Pension Scheme 16.9 10.8 6.8 8.6 503
bl. research bureau the broad market, aiming to TIER I: CORPORATE DEBT PLANS
achieve returns that outperform HDFC Pension Fund 25.6 8.8 6.6 8.6 13,627
Acredible path to fiscal consolida- the market. One such strategy,
ABSL Pension Scheme 17.3 8.8 6.5 8.4 277
tion, improving current account which mitigates the subjective
deficit, inclusion of government bias of fund managers in invest- LIC Pension Fund 25.1 8.4 6.2 8.3 2,675
securities in global bond indices ment decision-making, is Quant- TIER I: ALTERNATIVE INVESTMENTS
and peaking of local and global in- itative Investing. This method SBI Pension Fund 18.6 12.1 7.1 9.6 71
terest rates point to softening uses mathematical models and
HDFC Pension Fund 18.3 11.0 8.5 9.2 226
yields over the next year or so. And predefined criteria to rapidly ana-
rate cuts, too, may follow later this lyse and back-test extensive his- Kotak Pension Fund 16.5 12.4 6.1 8.0 12
year or early in 2025. GETTY IMAGES/ISTOCKPHOTO
torical data, assessing the effect- *Source: NPS Trust. Returns as on March 7, 2024
Bond prices and yields are in- iveness of strategies against
versely related. Yields and interest the medium to long term. That benchmarks.
rates move in similar directions.
Thus, a softening of yields and in-
makes a case for bond price in-
crease via long-duration funds.
Currently, there are nine mu- turn on capital employed vioural analytics to construct its Top PMS schemes
tual funds in India using quant in- (ROCE), standard deviation, and stock portfolio. Although both
Based on 5-year returns
terest rates in the future holds po- vesting strategies, including Nip- beta. Subsequently, once the funds claim to be quant-oriented,
tential for a bond price rally in gov- ABOUT THE NFO pon India Quant, SBI Equity model is finalised, each company there is human intervention too, AUM
Returns (% CAGR)
ernment and other long-tenured Bandhan Long Duration fund will Minimum Variance (though not undergoes ranking and selection as the funds are actively managed AMC Strategy
(in ~ cr)
1-year 3-year 5-year
securities. invest in bonds and money market strictly adhering to a quant processes based on the specific and stock weights are determined
In this regard, Bandhan has instruments that mature over the strategy), DSP Quant, Tata factor being evaluated. by the fund manager. Likewise, LARGE CAP
rolled out a long-duration fund to long term. So, the Macaulay dura- Quant, ICICI Pru Quant, Quant Kotak fund, the latest entrant in
take advantage of the current rate tion for the fund’s portfolio would Quantamental, Axis Quant, 360 FUND METHODOLOGIES the quant space, combines data- Agreya Capital
Momentum NA 52.6 23.7 21.8
Advisors
and yield scenario. The NFO be more than seven years. ONE Quant, and Kotak Quant. In the quantitative space, seven driven quantitative models with
closes on March 18. As such, long-duration funds These funds collectively manage out of nine funds follow either the human expertise to select stocks ICICI Pru Largecap 152 38.0 25.9 20.1
are more susceptible to rate assets totalling ₹4,800 crore. Ad- BSE 200 or NSE 200 as bench- with quality and momentum Motilal Oswal Value Migration 2,095 51.2 22.3 19.1
RATES AND YIELDS changes on the upside. Rate hikes ditionally, Aditya Birla Sun Life marks, which is a balanced mix of characteristics. Opportunities
The RBI has been on pause mode can have an adverse impact in has submitted a draft document large- and mid-cap stocks. While Tata Quant Fund uses a quant- Renaissance NA 37.6 25.9 18.9
Portfolio
for over a year now. Inflation is such funds, while rate cuts help to SEBI for their quant fund. the SBI Equity Minimum Variance itative model powered by ma- MULTI CAP
now well under control. Even the them gain. Here’s an overview of the meth- Fund is benchmarked against the chine learning algorithms, focus-
US Federal Reserve has stopped A rate cut over the next year or odologies adopted by fund houses Nifty 50 TRI, Quant’s Quanta- ing on parameters including Bonanza Edge NA 78.5 51.5 36.2
rate hikes for several months now. so can have a positive impact in and how they have fared so far. mental Fund employs the broader macroeconomic variables such as Negen Capital
Special Situ.
798 66.3 40.8 33.7
A reduction is expected in the long-duration funds. Nifty 500 TRI as its benchmark. yield spreads and fundamental & Technology
second half of 2024 or over 2025. Most funds in the category do MODEL APPROACHES Most fund houses adopt the metrics such as P/E and P/B ratios. Sameeksha India Equity
1,163 58.1 32.1 33.3
India’s current account deficit not have a long track record. In the Quantitative funds employ either multi-factor approach: to develop Both DSP and ICICI funds adopt a Capital Fund
is at near record-lows. In the first last one year, long-duration funds single-factor or multi-factor mod- proprietary models, systematic- multi-factor approach, beginning Estee Advisors Long Alpha NA 78.1 36.4 32.9
half of FY24, the current account made the most of the fall in yields. els to streamline their investment ally identify investment oppor- with the elimination of certain Globe Capital
deficit was just $17.5 billion or The 10-year g-sec yield fell from scope, often transitioning from a tunities, manage risks, and poten- companies based on pre-defined Value 654 62.1 34.8 32.4
Market
about 1 per cent of GDP, much 7.35 per cent levels to 7.05 per cent broad index like the S&P BSE 200 tially enhance returns over the exclusion criteria such as high de-
Stallion Asset Core Fund 1,203 74.4 28.8 31.2
lower than the 2.9 per cent repor- levels. Long duration funds recor- TRI to a tailored model portfolio long term. In contrast, the SBI and fault risk and poor corporate gov-
ted in the April-September period ded 9.5-11.5 per cent returns over based on these variables. Single- 360 ONE (previously IIFL) funds ernance. Subsequently, the DSP MID-CAP
of FY23. the past one year. Only Nippon In- factor investing focuses on factors are the only ones following the fund employs a combination of Unifi Capital APJ 20 NA 55.6 32.3 32.8
Fiscal deficit is also down from dia Nivesh Lakshya and ICICI such as valuations, fundamentals, single-factor approach. The five factors corresponding to Asit C Mehta
6.4 per cent of GDP in FY23 to 5.8 Prudential Long Term Bond funds quality, and statistical measures former aims to minimise volatility quality, value and growth styles Ace Midcap NA 91.7 43.2 29.9
Invest. Intermediates
per cent in FY24 and is further have reasonably long record of to construct investment portfo- through a blend of risk and factor- ensuring low correlation between Master Portfolio Master Trust
likely to decline to 5.1 per cent in five-plus years. lios. Conversely, multi-factor in- based parameters, while the latter each factor, while the ICICI fund’s NA 53.4 35.1 28.3
Services India Growth
FY25, going by the recent interim Investors can consider these vesting integrates a blend of adopts a thematic momentum selection process integrates mac-
Right Horizons Super Value NA 40.6 38.8 27.9
budget announcements. funds with a long-term perspect- factors to develop portfolios, strategy. roeconomic, fundamental and
From June this year, JP Morgan ive and align it to a goal. which tends to be more intricate As the oldest fund in the cat- technical factors. Similarly, Axis SMALL CAP
will add Indian bonds available in Those wishing to take fresh and refined. This approach neces- egory, Nippon India Quant Fund Quant strategy, with its Q-GARP Equirus Wealth Long Horizon 961 52.6 27.3 31.4
the fully-accessible route leading guard can consider a small lump- sitates advanced quantitative employs a multi-factor approach, model (Quality Growth At Reas- Aequitas Invest. India
to around $24 billion in inflows. sum in the Bandhan Long Dura- modelling techniques and thor- considering a blend of paramet- onable Price), operates on a com- 3,322 103.2 61.8 30.5
Consultancy Opportunities
Bloomberg, too, has indicated ad- tion NFO if they have an above-av- ough data analysis to pinpoint the ers, including valuation, earnings, bination of three factors – funda- Nine Rivers Aurum
dition of Indian bonds from Janu- erage risk appetite. optimal combination of factors – price, momentum, and quality for mental, technical, and liquidity. NA 65.9 40.9 29.7
Capital Small Cap
ary 2025, which would bring in an With the indexation benefit un- typically manifesting as ratios in- quarterly stock screening. It’s always crucial to compre-
Rising Star
additional $5 billion. available for all debt funds, the cluding price-to-earnings (P/E), Quant’s Quantamental Fund, too, hend the underlying factors and Valentis Advisors
Opportunity
NA 49.6 42.2 28.3
These inflows can impact yields lone advantage they have is that price-to-book (P/B), dividend focuses on a mix of fundamental, methodologies these funds use
and make them move down over gains are taxed only upon sale. yield, return on equity (ROE), re- quantitative, predictive and beha- before considering investments. *Source: PMS Bazaar. Returns as on January 31, 2024

CM
YK . . . . . . . . BM-BME

MUMBAI
businessline.portfolio
SUNDAY - MARCH 10 - 2024
Time for pitstop after pulsating ride
BUYBACK. While fundamentals remain strong, investors can tender their shares in Bajaj Auto buyback to cash in on the rally
Parvatha Vardhini C
bl. research bureau
The upturn in the auto cycle post
the Covid pandemic fuelled
massive gains in many auto stocks.
Bajaj Auto is no exception. In-
vestors who took exposure to Bajaj
Auto based on our ‘buy’ call in early
March 2020 (https://tiny-
url.com/5n7sauh9) as well as our
‘accumulate’ call in January 2022
(https://tinyurl.com/4uyksc8r)
have reaped rich rewards.
The stock is up 224 per cent and
159 per cent since the ‘buy’ and the
‘accumulate’ calls, respectively.
The Nifty’s 105 per cent and 28 per
cent in the period since these two
calls pales in comparison. Funda-
mentally, the company is on a good
wicket. It is on a roar in the do-
mestic three-wheeler segment, a
highly profitable business. Focus
on executive segment bikes has
helped the company grow better
than the industry in this pocket
during the upcycle of the last 1-2
years. Exports have been a bit of a
pain point. But as of now, better
dollar realisations are making up
for the loss of volumes.
Recognising the tailwinds, the
market has re-rated the stock
handsomely. It now trades at
about 35 times its trailing earn-
ings, vs the 5-year average of 21
times. Considering the gains and
expansion in valuation, it would be
prudent for investors to book par-
tial profits by tendering their
shares in the ongoing buyback of-
fer for ₹10,000 a share (a 12.6 per
cent premium to last Thursday’s
closing price). The auto cycle too
could turn in the coming fiscal,
though two-wheeler sales volumes
domestically continue to be in
healthy double digits now.
For small shareholders (ie, res-
idents holding nominal share cap-
ital up to ₹2 lakh), the buyback en-
titlement stands at 7 shares for
every 27 held. This implies an ac-
ceptance ratio of 26 per cent if
everyone tenders. If only 80/50/30
per cent of the shareholders
tender, the acceptance ratio goes
up to 32/52/87 per cent, respect-
ively. To the extent of acceptance,
you can lock into the gains, while
continuing to hold your remaining
exposure for the long-term. Share-
‘Search’ for a good AI stock ends here
INTERNATIONAL INVESTING. Google has solid core businesses and is well-positioned to capitalise on AI opportunity
Hari Viswanath
bl. research bureau
Amidst the global frenzy for AI
stocks, it is usually hard to find a
solid AI play at a discount. How-
ever, when such opportunities are
presented due to some misplaced
pessimism around a stock, it is
time to capitalise on it. The stock
of Alphabet (Google) is now
presenting such an opportunity.
With some recent controver-
sies surrounding its Gemini large
language model and perceived
threats to its core search business
from AI products/platforms of
competitors, Google has been an
underperformer ytd (down 3 per
cent). However, trading at a mod-
est one-year forward PE of 18.5
times (5-year average at 20.8
times), it presents an opportunity
to buy one of the world’s foremost
technology companies at attract-
ive valuation levels. Investors with
a 3-5 year perspective can buy the
stock at current levels and accu-
mulate on dips as well.
Not only does Google have solid
core businesses, but also has
strong potential to become a lead-
ing player in AI. The long-term
commercial opportunity in AI is
currently unquantifiable, but
needless to say it will be huge and
can drive meaningful wealth for
investors.
This wealth creation prospect
still remains in the realm of prob-
ability and not certainty. At the
same time, the interesting thing
with the stock of Google is that
even assuming an overly pessim-
istic scenario of stable to declining
core business if and when any
competitor’s AI chatbot impacts
Google’s core search business, and
assuming zero value for its AI busi-
ness prospects, 18.5 times earn-
ings is not a very expensive price to
pay.
BUSINESS
Google functions via three report-
ing segments — Google Services
(88.7 per cent of revenue), Google
Cloud (10.8 per cent) and Others
.Google Services, which originally
started with just Google’s search
engine during the dotcom boom,
today encompasses multiple
CM
YK
Cyclical upturn playing out
26.7
13.2
7.9
-2
FY21 FY23
FY22 FY24*
-66.1
Passenger vehicles
* April -January
holders as on February 29, 2024
(record date) are eligible to parti-
cipate in the buyback. The offer
closes on March 13, 2024.
FAVOURABLE WINDS
Though passenger vehicle sales re-
covered in FY21/22, two-wheelers
saw meaningful recovery only in
FY23, growing by 16.9 per cent
year-on-year. It is going strong this
fiscal as well, growing at 11.3 per
cent in the first nine months.
Bajaj Auto was always an execut-
ive segment play among listed
two-wheeler OEMs in India, find-
ing sweet spots outside of the 75-
110 cc commuter segment bikes,
where Hero was the dominant
player. But in the slowdown that
ravaged the industry even before
the pandemic set in, the company
went all out to make a dent in the
commuter segment, cutting prices
products and platforms such as
Android, Chrome, Gmail/drive,
Google Maps and YouTube. These
businesses primarily make money
by delivering advertising that ap-
pears on these properties. These
ads consist of both performance
advertising (paid clicks that result
in direct engagement of users with
advertisers) and brand advertising
(display ads/videos and interactive
ads).
Over the years, the company
has been diversifying away from
advertisements as well with sub-
scription services on platforms
such as YouTube Premium, You-
Tube TV, NFL Sunday Ticket
(sports subscription), Google
Two-wheelers
Domestic volume growth (yoy %)
10.6
87
51.1
18.9
75-110cc
16.9 11.3
Three-wheelers
-13.2 -10.9
Three-wheelers Two -wheelers
Note : This is for April -January 2024
TENDER
Bajaj Auto
Price ₹8,875
WHY
 Stock has tripled/doubled
since our earlier calls
 Expansion in valuation
 Tender to book partial
profits
in a bid to gain volumes. By FY20, it
had a 17 per cent market share in
commuter bikes, from 12.8 per
cent in FY18. That effort, which
was margin-diluting, thankfully
came to an end with commuter
segment sales facing pressures.
Bajaj Auto has played the recov-
ery in two-wheeler sales by going
Drive, etc. Besides these, Google
also makes money from sale of aps
and in-app purchases in Google
Play app store and sale of devices
(pixel). The non-ads business has
been growing faster at 20 per cent
growth in CY23 as against the ads
revenue growing at 6 per cent.
Over the medium term, this can
provide a reasonable hedge to the
ads business.
The other major segment is
Google Cloud which generates
revenue from consumption-based
fees and subscriptions for infra-
structure, platforms, collabora-
tion tools and other cloud services.
Globally Google Cloud ranks third
after AWS and Azure in the cloud
(% share of Bajaj Auto)
27.5 54.0
>110-125cc >125-150cc >150-200cc
75.6 47.1
Passenger Goods
back to what it does best — focus-
ing on higher segment bikes. In the
110 – 125cc segment, for instance,
its market share has steadily im-
proved from 8 per cent in FY20 to
27.5 per cent in April-January
2024. Aided by its Pulsar variants
straddling the 125-200cc seg-
ments, the company has seen its
market share increase in this
bracket too. The Pulsar 125 /
NS125, upgrades of the Pulsar 160,
200NS and the new Pulsar N150/
N160, have been driving offtakes
for the company.
Three-wheelers, which fetch
higher margins than bikes, have
also been a success story for the
company during the current up-
turn. Bajaj Auto has a 75 per cent
and a 47 per cent share now in the
passenger and goods segments re-
spectively. According to the com-
pany, three-wheeler sales are be-
BUY
Alphabet
Price $136.29
WHY
 Concerns on AI strategy
overblown
 Prospects for core
businesses remain good
 Discounted valuation
presents an opportunity
infrastructure service providers.
As compared to AWS’s revenue of
$91 billion in 2023 (Y-o-Y growth
of 13 per cent), Google Cloud gen-
erated revenue of $34.7 billion (Y-
o-Y growth of 19 per cent).
The ‘Others’ or Other Bets seg-
ment that houses Google’s moon-
shot businesses is like a start-up
ecosystem within Google, where
the company invests in technolo-
gical research and development to
attempt solving big problems.
These are investments where, if
successful, the payoffs can be big,
but in many cases, may not yield
results. Some of the businesses in
this segment are Waymo
(autonomous car project) and
Verily (Life sciences and health-
care research project). It would be
worth noting that Google’s AI
business, now part of core busi-
ness, was originally incubated as a
moonshot business.
CONCERNS AND RISKS
When it comes to Google, there
are three main concerns. The first
is that among big techs two com-
panies that many love to hate are
Google and Meta Platforms. This
is due to concerns (some may be
warranted) about how they use
our data to maximise their profits.
Further, accusations that they
stifle competition, given their
dominance, is also another factor.
The recent controversy in India
where Google delisted a few apps
from Play Store is an example.
Second, recent fumbles in
Gemini AI, which has resulted in
accusations of bias in the platform,
have led to concerns that Google
may be falling behind in the AI
Taking Stock . bl . 5
businessline’s editorial policy prohibits analysts from
taking positions in the stocks they recommend — Editor
REALITY CHECK.
ing driven by CNG powered
vehicles which offer better eco-
Nifty at new highs:
nomics. Bajaj Auto, which has al-
ways had better market share here
Stocks that fuelled the
compared to the diesel segment,
has been a big beneficiary.
The cyclical upturn has helped
surge from 20,000
the company deliver healthy
Madhav Suresh
double-digit profit growth in the
bl. research bureau
first three quarters of FY24. In
Q3FY24, net sales grew 31 per cent
to ₹11,833 crore and profits by 37 Driven by the robust Q3 economic growth, Nifty
per cent, to ₹2,042 crore. Operat- climbing its way towards 22,500 was no big surprise.
ing margin was back to its aspira- With positive momentum continuing through last
tional 20 per cent after many quar- week, the index crossed 22,500. It ended the day just
ters, thanks to a combination of shy of 22,500; at an all-time closing high of 22,493.5.
benign input costs, good volumes After rebounding past the 20,000-mark last year
and richer product mix leading to September, Nifty took 121 trading sessions to reach
better realisations. the 22.5K milestone. In this record journey, it would
be interesting to note that the best-performing stocks
WHAT’S WORKING AND NOT may not necessarily have been the drivers, given the
With EVs being a multi-year index’s free-float market cap. Here’s a detailed
growth story, what works for the analysis to discern the primary contributors to this
company are the successful initiat- upward trajectory based on their respective weights.
ives on this front. E-3 wheelers are
increasingly being used for last RELIANCE ROCKETED THE NIFTY UPSIDE
mile connectivity and e-autos are Reliance Ind, first Indian company to cross ₹20 lakh
seeing good adoption too. Import- crore market cap, has been the biggest contributor to
22.9
antly, with lower battery/cell costs the Nifty’s upside. Its weight in the index has
compared to a 2-wheeler, no addi- increased by around 76 bps now.
tional manufacturing or other
costs and PLI benefits, e-3 wheel-
ers are not margin dilutive.
On the e-2-wheeler front, the
company has now been able to
right-price the Chetak, bringing it
on par with key competitors.A new
premium variant has also been
launched recently and another, ex-
pected in Q1FY25.
Export volumes to Bajaj’s key BAJAJ AUTO ZOOMS AHEAD
markets such as Africa and South In terms of absolute performance, Bajaj Auto was the
Asia have dwindled due to issues biggest performing stock though it was not the
such as inflation impacting de- biggest driver of the index in this journey. The
mand and the short supply of dol- respective increase in weights for the top five gainers
lars. The Red Sea imbroglio did not were 44 bps, 22 bps, 63 bps, 37 bps, and 31 bps.
help either. Exports constituted
about 32 per cent of revenues in
the December quarter and the
company is foreseeing only a
gradual improvement on this
front. The domestic side of the
business, though, may continue to
make up for it in the near term,
though the cycle could slow down
over the medium term.
To conclude, the long-term
growth story is definitely prom-
ising for Bajaj Auto. But since we
are well into the upcycle now and it
looks priced in, investors can book
partial profits in the buyback and HDFC BANK LAGGING BEHIND
re-enter, if need be, at lower levels HDFC Bank stood out as a laggard with the highest
when opportunities come up. drop in its weightage.
race. The bigger concern is also
that Google’s core search business
might be impacted by AI search
engines launched by competitors.
Finally, an issue we pointed out
in bl.portfolio dated March 3 (Are UPL UNDERWHELMING
Big Techs getting too big?) — the In terms of absolute stock returns, UPL was the worst
increasing scale and dominance of performer on account of poor Q3FY24 performance
companies like Google especially though it did not see the maximum reduction in
in an AI era may result in regulat- weights.
ory action to reduce their domin-
ance. While right now this is in the Returns (%)
realm of speculation, it cannot be -5
ignored.
In our view, despite these risks, -8.8
Google presents an attractive AI -10
ITC -12.0
play for investors. For one, it is not -12.4
just premature, but actually a bit HDFC Asian
-14.1
-15
absurd to make conclusions so Bank Paints Bajaj
early that Google may have fallen Finance
-20
behind competitors in AI. Right -20.7
now, the industry is at a very early
UPL
stage and missteps by Google or -25
anyone are highly probable as the Note: Weights for Nifty stocks considered as of end-September 2023
business evolves. Return is for the period Sep 13, 2023 - Mar 7, 2024
What is key to note is Google’s
extensive investments in AI built
over the last decade and technolo-
gical prowess that give it a good
shot to become a formidable com-
WHO AM I?.
petitor in the space. Besides, it has
deep financial resources to keep Are you an avid investor? How well do you
investing and building its capabil- know corporate India?
ities. With near $100 billion of net
cash on its Balance Sheet and con- Here’s a challenge. Using the five clues below, identify the
company that is being talked about here
sistent cash flow generation (es-
timated CY 24 operating cash flow
and fee cash flow of $125 billion 1 I started my journey as an MNC subsidiary a few
decades back, but my parent exited last decade.
and $84 billion respectively), the
capacity is vast to build AI
capabilities.
2 I am the largest player in my industry in the
whole country. Though I operate in several States,
Further, if regulation gets more I still carry my State in my corporate name.
stringent, it may actually turn out
to be better in the long term. For 3 I have been able to maintain more than 25 per
cent ROE over the last 5 years with similar
example, Google has consistently
traded at a discount to Big Tech growth in net profits as well. That has helped me
peers due to two reasons — de- to become debt free.
pendency on ads and concerns on
regulatory action. Better regula- 4 I have delivered 4 times return to shareholders in
the last 5 years in spite of no return over the last
tion that ensures better visibility couple of years.
of the future may actually elimin-
ate some of the discounted valu-
ation. Regulatory clarity on how
5 My promoter has several listed entities, a few of
which may have aspirations to focus on business
governments intend to address opportunities emerging in my field and hence
dominance of Big Techs in the cause valuation discount by investors.
space of AI, while it may create
Send your answers by Wednesday 6 p.m. to who-am-i@thehindu.co.in,
short-term volatility, may work for with your full name, postal address and phone number. A lucky winner in each
the better in the long term. week will get a book sponsored by UNIFI Capital as a reward.
Amidst these factors, the stock
Contributed by Last week's stock:
trading at reasonable multiple fol- Welspun Living
lowing decent and consistent fin- Last week's winner:
ancial performance (see table), Ganapathi K L
makes the risk-reward favourable.
... . . . . . . BM-BME
6 . bl . Do
Akhil Nallamuthu
bl. research bureau
Nifty 50 (22,494) and Bank Nifty
(47,836) advanced 0.5 per cent
and 1.1 per cent respectively last
week. The derivatives data
broadly suggest that the upward
momentum persists and both in-
dices can extend the rally fur-
ther. Below is an analysis.
NIFTY 50
While the underlying Nifty 50
gained 0.5 per cent, the March
futures of the index only pro-
duced a marginal gain of 0.2 per
cent by closing the week at
22,507. But note that the con-
tract saw a decline in the first
half of last week and then saw a
good recovery.
As the contract went up, the
Options for a star reversal
MASTERING DERIVATIVES. Candlestick patterns that indicate reversals are morning star and doji
Venkatesh Bangaruswamy
Japanese candlesticks are visually
appealing to understand whether
the bulls or the bears won the
battle in the market on a given
day. You can also use candlesticks
to discern cues about trend re-
versals. This week, we look at two
such patterns and why options
trading is optimal for such
reversals.
BEAR REVERSALS
Suppose you see signs of weak-
ness in a downtrend — a bear ex-
haustion, which means the un-
derlying may soon move up,
albeit marginally. Two candle-
stick patterns that could indicate
such reversals are morning star
and doji.
Consider morning star, a
three-candlestick pattern. Sup-
pose there is a continual decline
in the underlying price and, say,
the last red candle was printed on
Monday. And then, a green candle
is printed on Tuesday. This candle
is small, with its body well below
the body of Monday’s red candle.
On Wednesday, you see another
green candle with a large body,
whose high is nearly the same as
Upswing to extend Trades below barrier
BULLION CUES. Traders can take long positions
Akhil Nallamuthu
bl. research bureau
Precious metals rallied considerably
last week. Gold and silver appreci-
ated 4.5 per cent and 5 per cent to
end the week at $2,177.50 and $24.3
per ounce, respectively.
On the MCX, gold futures gained
3.9 per cent to end at ₹66,023 (per 10
gram), whereas silver futures was up
2.7 per cent to close at ₹74,262 (per
kg).
MCX-GOLD (₹66,023)
Gold futures (April contract) gained
in all sessions last week. The chart
indicates strong momentum, and
the probability of further rally is
high.
The contract will most likely hit
₹68,000 in the near term. A breakout
of this level can lift gold futures to
₹70,000, a potential resistance.
On the other hand, if there is a fall
in price, it will most probably be a
corrective decline. There are sup-
port levels at ₹65,000 and ₹64,000.
Trade strategy: Traders can buy
gold futures now at around ₹66,000
and accumulate if the price falls to
₹65,000. Place initial stop-loss at
₹63,900.
When the contract rises past
₹67,000, tighten the stop-loss to
₹65,800. Exit at ₹68,000.
CM
YK
The Derivatives
MUMBAI
businessline.portfolio
SUNDAY - MARCH 10 - 2024
22,500 and 22,300 have a good F&O Strategy
number of OI. So, this region F & O QUERY
Bulls on can act as a strong base.
The broader trend is bullish,
and the futures and options
(F&O) data also substantiate the AKHIL NALLAMUTHU, bl. research bureau
Bull-call spread
on Tech
Mahindra
the move
same. So, traders can buy Nifty
futures or at-the-money (ATM) Please share your analysis on Tata Steel 145PE for
Nifty monthly call options based March 28 Expiry
on an individual’s risk tolerance. Muthu M KS Badri Narayanan
BANK NIFTY Tata Steel (₹157.3): The stock of Tech Mahindra
The March expiry Bank Nifty fu- The stock of Tata Steel is (₹1,288.15) has been moving
tures rallied 0.6 per cent over in an uptrend. Last week, sideways for quite some time
the past week as it ended at it hit a fresh high of between ₹1,400 and ₹1,100.
47,958. As this occurred, the cu- ₹159.15 before closing a The stock finds an immediate
mulative OI of Bank Nifty fu- little lower at ₹157.3. As support at ₹1,259. A close be-
tures rose – it went up to 47.2 it stands, there are no low ₹1,228 will change the
lakh contracts on March 7 as signs of reversal and the short-term outlook negative.
against 36.1 lakh contracts on fresh breakout last week Immediate resistance is at
March 2. has only increased the likelihood of further upside from ₹1,320. A close above ₹1,351
A price rally along with an in- the current level. The stock will most probably hit ₹170 will trigger fresh rally towards
F&O TRACKER. The chart of crease in OI indicates long build- in the near term. In such a case, the premium of put ₹1,407.
.GETTY IMAGES/ISTOCKPHOTO
up. Thus, Bank Nifty futures has options will drop. So, at this juncture, buying put options
Nifty and Bank Nifty hints at seen fresh longs coming in for carry high risk as you will go against the underlying
further rally the second consecutive week. trend.
That said, options data is not Given the current momentum with which the stock is
bullish like futures. While there appreciating, it is ideal to consider call option longs on
are no signs of weakness, the this stock. Alternatively, you can sell put options. Note
PCR of both weekly and monthly that shorting options require higher margin
Bank Nifty options stood at commitments. In case you choose to short put instead of
cumulative Open Interest (OI) about 1 last week. So, there buying calls, we would suggest you go for put spreads
increased – it stood at 154.8 lakh DERIVATIVE seems to be a tug of war between rather than going for vanilla put options. That way, the F&O pointers: Tech
contracts on March 7 versus the bulls and the bears. risk will be lower and you can reduce the margin Mahindra March futures
OUTLOOK
141.9 lakh contracts on March 2. However, the chart is positive obligations. closed at ₹1,291.60 against the
 Long build-up in Nifty
Because the week ended on the following the breakout of the spot close of ₹1,288.15. The
expiry day, the OI might have got futures barrier at 47,700 last week. Al- I have a short position Bank Nifty March future premium is narrowing, sig-
a little boost. Nevertheless, on a  Nifty options give bullish though 48,000 can resist the contract initiated at ₹47,067. Should I average at nalling unwinding of long pos-
weekly basis, it has gone up and signal bulls, we expect the contract to current price or exit? itions. Option trading indic-
Nifty futures has seen some long  Bank Nifty futures breaks eventually surpass this level and Palani Shanmugam ates that the stock could move
build-up. a barrier rally towards 49,000 in the near between ₹1,200 and ₹1,400.
The options, too, support the future. A breakout of this will Bank Nifty (47,836): Strategy: Consider a bull-
bullish bias. The Put Call Ratio take Bank Nifty futures to The index rallied last call spread on Tech Mahindra.
(PCR) of the weekly and the the near term. Before that level, 50,000. week and closed above Initiate by selling 1300-call
monthly Nifty options stood at there is a resistance at 22,700 as As per both Bank Nifty futures key resistance levels. and simultaneously buying the
1.1 and 1.3 respectively. A ratio per the chart. Also, the call op- chart and the option chain, the Consequently, Bank 1290-call. These options
greater than 1 denotes higher tion with this strike has consid- nearest resistance levels are at Nifty futures also closed with a premium of
number of put option selling erable OI outstanding. 48,500 and 49,000. On the other moved up and closed at ₹30.30 and ₹34.90 respect-
compared with calls. This is a The nearest support accord- hand, the immediate support is 47,958 last week. The ively. Hence, the strategy will
positive sign, as traders gener- ing to the Nifty futures chart is the price band of 47,500-47,700. March contract cost traders ₹2,760 (market
ally sell puts if the expectations at 22,500 followed by 22,350. Subsequent support is at 47,000. surpassed the resistance at 47,700, opening the door for lot: 600 shares), which would
are bullish. Only a break below 22,250 will Traders can consider buying further upswing. There are no indications of the contract be the maximum loss.
The price action of Nifty fu- turn the trend bearish. The either Bank Nifty futures or turning south. According to the chart, Bank Nifty futures Aprofit of ₹3,240 is possible
tures, too, hint at a rally from weekly option chain shows that ATM Bank Nifty monthly call is likely to touch 49,000 in the near term. A breakout of if the stock rises above ₹1,300.
here, possibly towards 23,000 in put options with strikes between options at current levels. this can lift the contract to 50,000. If there is a decline Hold the position till expiry if
from the current level, the price band of 47,500-47,700 the profit is not achieved
will provide support. Below this is the 20-day moving before.
average support at 47,000. Only if Bank Nifty futures Aggressive traders can go
drop below 47,000, the trend can turn bearish. Until long on Tech Mahindra fu-
then, the bulls will have an upper hand. Considering the tures.Place stop-loss at ₹1,259
above, our suggestion would be to exit the short position. for an initial target of ₹1,305
You can opt to buy Bank Nifty futures or consider and a final target of ₹1,322.
monthly expiry at-the-money (ATM) call options. Stop-loss can be shifted to
₹1,275 if the stock opens on a
Send your queries to derivatives@thehindu.co.in.
than calls. Therefore, puts will be positive note. Then alter it to
traded at higher implied volatility ₹1,288 on rise above ₹1,295. If
than calls. Importantly, calls may Change in Open Interest (OI) the stock opens on a negative
not have fully factored in a pos- note, stay away.
sible reversal after a morning star FII Retail Follow-up: Hold IEX bull-
or a doji. So, you may be able to Weekly Weekly
call spreadfor one more week.
Scrip As on As on
change change
buy calls at lower implied volatil- Mar 7
%
Mar 7
% Note: The recommendations are based
ity (cheap).
GETTY IMAGES/ISTOCKPHOTO
Future Index Long 86929 19 437381 23 on technical analysis and F&O positions.
There is a risk of loss in trading
OPTIONAL READING Future Index Short 120724 -10 376749 43
The call option’s delta will in- Net Futures -33795 -45 60632 -35
crease as the underlying moves
up. Its implied volatility will in- Index Call options Long 854756 -15 3219222 -6 Short Take
crease with increase in demand Index Call options Short 761215 -23 3303127 -9
that the bulls and bears had an
for the strike. Though futures
price will move almost one-to-
Net Call options 93541 668 -83905 -57 ASM
TAKE NOTE equal fight. Suppose you observe one with the underlying, a failure
Index Put options Long
Index Put options Short
930592
804964
-24
-26
3178931
3422805
-34
-29
framework
a series of red candles indicating of a trend reversal could lead to
A morning star is a more
bear dominance. Then, you see a large losses. You should, there- Net Put Options 125628 -8 -243874 857
powerful trend reversal bl. research bureau
doji. This could be the first sign of fore, wait for the price to break
pattern than a doji bear exhaustion. Assume the doji and close above the last FIIs have cut down net short on index futures. At the same time, they have substantially
was printed on Tuesday. A large (Monday’s) red candle before go-
increased net long on call options. These factors point to bullish expectations. To safeguard the interest of
Monday’s red candle. This three- green candle on Wednesday ing long on futures. Trading op- investors, one of the initiat-
candlestick formation (Monday provides conviction that the bulls tions gives you an early entry. You Stocks that witnessed major change in OI ives taken by the market
to Wednesday) could be an indic- are regaining power. You can ini- need a strict stop loss on options, regulator SEBI (Securities
ation that the bulls may be slowly tiate an order when the underly- given the aggressive entry. Your
Weekly
OI
Weekly and Exchange Board of In-
Company Price (~) price OI
regaining power. You can initiate ing price moves above the high of stop should be the low of the change %
(in lakh)
change %
dia) is a framework named
an options trade on Wednesday Tuesday’s candle. morning star or the doji candle ASM (Additional Surveil-
RISE (as on Mar 7) lance Measurement).
when the underlying price moves A morning star is a more formed on the underlying (fu-
above Tuesday’s high. powerful trend reversal pattern tures) when trading equity (in-
MGL 1,315.95 -12.3 124.4 352.4 Based on the predeter-
Now, consider doji, a candle than a doji. It may be optimal to dex) options. TATACHEM 1,315.25 35.2 423.7 117.1 mined conditions, stocks
that looks like a cross. This sug- trade options than futures for MOTHERSUMI 118.95 -0.9 2417.6 87.7
will be placed under this
gests that the day’s opening and either of these reversal patterns. The author offers training programmes for
framework. Criteria used
IGL 430.10 -1.1 347.2 85.7 for shortlisting stocks are
closing prices were the same or Why? In both cases, a series of red individuals to manage their personal
nearly the same, an indication candles drives demand for puts investments
SAIL 138.95 0.9 3339.8 71.7 High-Low variation, client
FALL (as on Mar 7) concentration, close to
close price variation, mar-
BERGEPAINT 573.40 -3.3 229.7 -17.5
ket capitalisation, volume
HEROMOTOCO 4,652.90 1.6 65.7 -8.3 variation, delivery percent-
HINDALCO
INDUSINDBK
ZEEL
536.70
1,563.75
160.60
2.6
2.5
1.4
653.8
344.1
1620.8
-8.0
-7.1
-6.3
age, number of unique
PANs, PE of the stock.
CRUDE CHECK. But broader trend is up
Stocks in F&O ban (for trade on Mar 11)
Akhil Nallamuthu TATACHEM MGL ZEEL
bl. research bureau SAIL MANAPPURAM
GETTY IMAGES/ISTOCKPHOTO
GETTY IMAGES/ISTOCKPHOTO
Crude oil prices dipped last week.
Brent crude oil futures on the In- Change in OI and market positioning
tercontinental Exchange (ICE) Once the stock goes un-
slipped 1.7 per cent as it closed at Expiry Price (~) OI der ASM, it can result in re-
Symbol date Indication
$82.1 per barrel. Crude oil fu- (2024) (Weekly change %) strictions like limitation in
tures on the MCX was down 2.7 intraday movement and im-
per cent by ending the week COMMODITIES (as on Mar 8) portantly, higher margin re-
MCX-SILVER (₹74,262) at ₹6,459 a barrel. rally since then. Last week, the ALUMINIUM 28-Mar 202.55 (0.5) 4355 (-6) Short covering quirements. For instance,
Silver futures (May series) appreci- contract dipped 2.7 per cent. COPPER 28-Mar 731.6 (0.5) 4103 (3) Long build-up even if the exchange stipu-
ated over the last week. It crossed BRENT FUTURES ($82.1) That said, the crude oil futures CRUDEOIL 19-Mar 6459 (-2.7) 5555 (-22) Long unwinding
lated margin is 20 per cent
over both 20- and 50-day moving av- Although Brent futures declined continue to trade above the im- for a stock, if it falls into this
erage and managed to close above last week, it remains within the portant support at ₹6,300. The GOLD 05-Apr 66023 (3.9) 17862 (21) Long build-up surveillance measure, mar-
the resistance at ₹74,000. range of $81-84. Until it stays so, 50-day moving average coincides GOLDGUINEA 28-Mar 51733 (1.4) 1928 (8) Long build-up gin requirement can go to
It made a high of ₹74,841 on Fri- the next swing in price will be at this level, making it a strong GOLDM 05-Apr 65847 (3.7) 19538 (40) Long build-up 100 per cent or in some
day. Note that ₹75,000 is a potential uncertain. base. So long as this level stays cases it can even go up to
GOLDPETAL 28-Mar 6442 (3.7) 29411 (-40) Short covering
hurdle for the stock. Yet, we expect If Brent futures regain traction true, there will always be a bullish 200 per cent. This will be re-
the contract to break out of ₹75,000 and break out of $84, we could bias. LEAD 28-Mar 180.5 (1.5) 594 (-25) Short covering laxed in stages based on pre-
and rally to ₹76,760. see a quick rise in price to $90, a If the uptrend resumes, the MENTHAOIL 28-Mar 949.2 (2) 626 (-10) Short covering set conditions.
Trade strategy: Last week, we resistance. Above this level, there contract can move up to ₹6,800, a NATURALGAS 25-Mar 151.7 (-0.9) 61851 (-4) Long unwinding In essence, no intraday
recommended going long on silver are barriers at $93 and $100. barrier. A breach of this can take leverage can be availed for
NICKEL 28-Mar 1485.8 (1.6) - -
futures at ₹72,280 for a target of Alternatively, if the contract the contract to ₹7,000. On the the stocks that are moved to
₹75,000. Post the adjustments after falls below the support $81, it other hand, if the contract breaks SILVER 03-May 74262 (2.7) 22162 (2) Long build-up ASM category. Besides, you
the rally, the long position will be act- could extend the decline to $79. below the support at ₹6,300, SILVERM 30-Apr 74301 (2.7) 27772 (-35) Short covering will not be able to pledge
ive with revised stop-loss at ₹73,000. Most probably, there will be a trend can turn bearish. Nearest SILVERMIC 28-Mar 75012 (0) - -
the stock once it is placed
Since the likelihood of a rally is bounce off this level. However, if support below ₹6,300 is at under this framework. If
high, one can hold this trade with $79 is invalidated, Brent futures ₹6,000. ZINC 28-Mar 221.05 (3.1) 3846 (-18) Short covering you have already pledged a
some modifications. Alter the stop- could see a dip to $73. Trade strategy: Hold the CURRENCIES (as on Mar 7) stock and then it goes under
loss to ₹72,700 to adjust for a poten- longs initiated at ₹6,520 early this USDINR 26-Mar 82.68 (-0.3) 2797470 (7) Short build-up ASM, the margins provided
tial corrective fall. Target can be re- MCX-CRUDE OIL (₹6,459) month. Maintain the stop-loss at EURINR 26-Mar 105.46 (0.6) 238078 (9) Long build-up
by taking this as collateral
vised up from ₹75,000 to ₹76,700. The March futures contract of ₹6,300. When the contract will be cut to the extent it
When the contract goes above crude oil broke out of the resist- touches ₹6,800, tighten the stop- GBPINR 26-Mar 90.15 (0.4) 117789 (3) Long build-up was provided against the
₹76,000, tighten the stop-loss to ance at ₹6,520 early this month. loss to ₹6,625. Book profits at JPYINR 26-Mar 56.12 (1.2) 108718 (-23) Short covering holdings of that particular
₹74,500. But there was no follow-through ₹6,950. stock.
. . . . . . . . BM-BME
 Chart-Gazing . bl . 7
MUMBAI

businessline.portfolio
SUNDAY - MARCH 10 - 2024

Sensex, Nifty 50 remain bullish TECH QUERY

GURUMURTHY K, bl.research bureau

INDEX OUTLOOK. Dow Jones signals weakness. India can outperform the US in the short-term
What is the outlook for Rain Industries? I am a
closing the week at 74,119.39, up long-term investor. Is this a good time to enter
Gurumurthy K 0.42 per cent. this stock? Please advise.
bl. research bureau Short-term view: The out- Prerna Sharma, Delhi
look remains bullish. Immediate
Nifty 50, Sensex and the Nifty support is at 74,000. Below that Rain Industries (₹176.30): The stock broke above
Bank index continue to move up. 73,450 and 73,000 are the next the key resistance level of ₹200 last month, but failed
Indeed, the Nifty Bank index out- strong supports. to sustain. It made a high of ₹219.65 and then has
performed last week by rising Immediate resistance is declined sharply from there. The stock has been
over a per cent. On the charts, around 74,200. A decisive break broadly consolidating
the outlook continues to remain above it can take the Sensex up to sideways between ₹130
positive for the Indian bench- 76,000-76,500 in the coming and ₹210 for almost two
mark indices. weeks. years now. On the chart,
On the other hand, the Dow The short-term outlook will the bias is not negative.
Jones Industrial Average has turn negative only if the Sensex At the same time, there
been coming down over the last declines below the 73,000-72,800 is no strong bullish
couple of weeks. The charts are support zone. But that looks less signal as well. However,
giving some signs of weakness. likely at the moment. As such, we as seen from the
As such, we can expect the Indian see high chances for the Sensex structure of the chart,
markets to outperform the US in to see 76,000-76,500 first before the bias is positive.
the coming weeks. witnessing a correction. Immediate support is around ₹165. Below that,

GETTY IMAGES/ISTOCKPHOTO
Among the sectors, the BSE Medium-term view: From a ₹150-140 is a very strong support zone. As long as
PSU and BSE Power index out- big picture perspective, as long as the stock stays above ₹140, we see high chances for
performed last week. The indices the Sensex stays above 70,000 it the stock to breach ₹210 decisively in the coming
were up 1.97 per cent and 1.86 has the potential to target 78,000 months. Such a break can take Rain Industries share
per cent respectively. The BSE IT on the upside. The above-men- price up to ₹300 over the long term. You can buy now
(down 1.42 per cent) and BSE tioned rise to 76,000 will and accumulate on dips at ₹155. Keep a stop-loss at
Realty (down 0.95 per cent) un- strengthen the case for this rally. ₹115. Trail the stop-loss up to ₹190 as soon as the
derperformed last week. The region between 70,000 stock moves up to ₹220. Move the stop-loss further
SHORT-TERM and 69,000 is a crucial support up to ₹245 when the price touches ₹275. Exit the
FPI ACTION TARGETS zone. Sensex has to fall below shares at ₹300. The outlook will turn bearish only if
The foreign portfolio investors  Nifty 50: 22,900-23,000 69,000 to turn bearish. the stock makes a decisive close below ₹140. In that
(FPIs) continue to buy the In- case, the price can tumble to ₹100-90.
 Sensex: 76,000-76,500
dian equities for the third con- DOW JONES (38,722.69)
secutive week. The equity seg-  Nifty Bank: The Dow Jones Industrial Aver- I had bought shares of Cochin Shipyard. What is
ment saw an inflow of $919.47 49,500-49,600 age has been moving down the outlook for the stock? Should I continue to
million last week. The month of gradually over the last couple of hold or book profits now?
March has seen a total inflow of weeks. The price action on the Sitara Gopinath
$1.42 billion so far. This is a pos- Medium-term outlook: The charts signals lack of strong fol-
itive signal. If the FPIs accelerate region between 49,500 and low-through buyers above Cochin Shipyard (₹866.20): You have not
their purchase, it can then aid the 49,600 is an important resistance 39,000. Although it has risen mentioned your purchase price. So, it will be difficult
Sensex and Nifty 50 to scale zone. If the Nifty Bank index back well from the low of to give a precise advice. However, we are giving the
more new highs going forward. manages to breach 49,600, the 38,457.83, the bounce is not outlook for the stock here. You can take a call based
upmove can extend up to 51,500- strong. The Dow Jones has on that. The stock has
NIFTY 50 (22,493.55) 52,000 and even 53,000. A rise closed the week at 38,722.69, been in a strong
Nifty began the week on a sub- beyond 53,000 is less likely now. down 0.93 per cent. uptrend. There is no
dued note. It fell to a low of As such, we can expect the Nifty Outlook: The outlook is neg- sign of a reversal yet.
22,224.35, but then rose sharply Bank index to see a strong cor- ative. The price action on the Supports are at ₹805
from there recovering all the the charts, a fall below 22,000 is NIFTY BANK (47,835.80) rection from around 53,000, tar- daily chart indicates weakness. and ₹760. As long as the
loss. The index has closed the unlikely. As such, Nifty can test Nifty Bank index has risen break- geting 50,000 and lower levels. The level of 39,000 will now act stock stays above ₹760,
week at 22,493.55, up 0.51 per 22,800-22,900 or 23,000 first be- ing above the key resistance level On the other hand, if the index as a strong resistance. Above the trend will remain
cent. fore reversing lower again. of 47,400 last week. The index fails to break above 49,600 now that, 39,300-39,400 will be the up. Cochin Shipyard
Short-term view: The out- Medium-term view: The touched a high of 48,161.25 be- and reverses lower, then there next important resistance zone. share price has
look is positive. Immediate sup- broader trend is up. However, fore closing the week at can be sharp fall. In that case, the The chances are looking high for potential to target
port is in the 22,450-22,400 re- there is not much room left on 47,835.80, up 1.14 per cent. Nifty Bank index can come down the index to remain below 39,000 ₹1,100-1,200 in the coming months. Assuming that
gion. Below that, 22,150 and the upside. Short-term view: The out- at least to 47,000. The chances of itself. The Dow Jones can fall to you had bought the stock below ₹760, we suggest you
22,120 are the lower sup- The levels of 23,150 and look is bullish. Strong support is the downside extending up to 38,200-38,000 in the next few hold the stock. But keep a stop-loss at ₹740. Move the
ports. The chances are high for 23,650 are strong resistances on in the 47,400-47,200 region. Nifty 46,000-45,000 cannot be ruled weeks. stop-loss up to ₹940 as soon as the stock moves upto
the index to sustain above the long-term charts. As the Bank index can rise to 48,800- out. This will keep intact the To avoid this fall, the index has ₹1,040. Move the stop-loss further up to ₹1,030
22,400. Nifty approaches these resist- 49,000 and even 49,500 in the sideways consolidation that has to breach 39,000 and then get a when the price touches ₹1,090. Exit the stock at
Nifty can rise to 22,800- ances, we may have to turn cau- next few weeks. This 49,000- been in place December last year. subsequent rise above 39,400. ₹1,150. If you had bought the stock at a higher level
22,900. The upside can extend tious rather than becoming 49,500 is a strong resistance. The The consolidation range will be say above ₹800, then you need to take a call based on
even up to 23,000 in the short overly bullish. A reversal either price action thereafter will need 44,400-49,600. your risk appetite.
term. from 23,150 or 23,650 will have to be watched for a reversal. A re-
The level of 22,000 is the cru- the potential to drag the Nifty versal from this resistance zone SENSEX (74,119.39) I have shares of Utkarsh Small Finance Bank. My
cial support to watch. The short- down to 21,000 at least. can drag the Nifty Bank index The support in the 73,300-73,000 average purchase price is ₹62. What is the
term outlook will turn negative In a worst-case scenario, a down to 48,000-47,500 again. region held very well in line with outlook for the stock? Can I continue to hold it
only if the Nifty declines below break below 21,000 will see the The short-term outlook will our expectation last week. Sen- or exit with a loss?
22,000. Nifty tumbling to 20,500-19,500. turn negative only if the index sex made a low of 73,321.48 and Sharath, Patna
Such a break can drag the in- However, such a fall to 21,000 or declines below 47,000. In that rose back sharply. The rise to
dex down to 21,800 first and then 19,500 will be a very good buying case, the Nifty Bank index will 74,250 almost happened in line Utkarsh Small Finance Bank (₹49.88): Since the
to 21,500 eventually. opportunity from a long-term come under pressure for a fall to with our expectation. Sensex stock got listed in July last year, it has very less data
Looking at the price action on perspective. 46,000-45,000. made a high of 74,245.17 before available to do a detailed technical analysis.
However, we try to give an analysis based on the
limited data here. The
stock has declined
MOVERS & SHAKERS
AKHIL NALLAMUTHU, bl. research bureau
Dollar to see more weakness consistently over the
last four weeks. That
leaves the outlook
negative. Last week, an
important support at
Amber Enterprises (₹3,652.2) CURRENCY OUTLOOK. Rupee can strengthen further, but gradually ₹52 was also broken.
Set to see a rebound That could increase the
selling pressure on the
Gurumurthy K
Amber Enterprises’ share was rallying stock, going forward.
bl. research bureau
steadily since May last year after finding Moving average
support at ₹1,850. But after hitting a cross-overs on the charts also strengthens the
record high of ₹4,615.20 towards the end The US dollar is under pres- bearish case. So, as long as the stock stays below ₹52,
of January this year, the price started to sure. The dollar index has the outlook will remain negative. Utkarsh Small
drop. Post a sharp drop in February, the declined last week breaking Finance Bank share price can fall to ₹46 and even
stock is now trading near a trendline below the key support level lower from here. A strong, sustained rise above ₹52
support, which is now at around ₹3,500. of 103. The index has closed is needed to give an early sign of a reversal. A
Also, the 20-week moving average lies at the week at 102.71, down subsequent rise past ₹54 is then needed to turn the
this level. So, we expect the scrip to 1.11 per cent. The US Treas- outlook bullish. That looks less likely. So, accept the
resume the uptrend. It can appreciate to ₹4,400 over the medium ury yields have also come loss and exit the stock rather than holding it with a
term. Traders can buy now at ₹3,650 and on a dip to ₹3,500. Place down last week. hope of seeing a reversal.
GETTY IMAGES/ISTOCKPHOTO

initial stop-loss at ₹3,200. Raise this to ₹3,750 when the stock hits The US Federal Reserve
₹4,000. Tighten the stop-loss further to ₹3,950 when the price Chairman Jerome Powell
touches ₹4,200. Liquidate the longs at ₹4,400. last week said that interest
rates are at the peak. How-
ever, he insisted that the
Hitachi Energy India (₹6,546.6) central bank will not be in a
Breaks out afresh hurry to begin the rate cuts
unless there is strong evid-
The stock of Hitachi Energy India has been ence of the inflation cooling
appreciating since October last year. But down. The US Consumer
Price Index (CPI) inflation
after the calendar turned 2024, the
data release is due this week
uptrend lost steam. Although there was no
drop in price, the stock moved up very on Tuesday. That will need a
close watch.
slowly. However, the recent price action,
especially that of last week, suggests the The European Central
bulls are gaining momentum. Also, the Bank (ECB) left the rates
scrip saw a fresh breakout last week. The unchanged last week. Its
chart indicates that the price can rise to positive comments on cool-
₹7,500 over the medium term. One can buy now at ₹6,545. ing inflation have raised the
Accumulate if the price dips to ₹6,170. Place stop-loss at ₹5,800 hopes in the market for the
initially. When the price goes above ₹7,000, alter the stop-loss to ECB to begin its interest
₹6,700. On a rally to ₹7,300, exit half of the longs. Hold the remaining rate cuts in June.
position, but tighten the stop-loss to ₹7,000. Exit at ₹7,480.
MORE FALL
Send your queries to techtrail@thehindu.co.in
BANDU’S BLOCKBUSTERS.
gion. Resistance is at 1.10, On April 1, four years back, piqued by the incessant jokes in the
RUPEE WATCH which can be broken in the village at his expense, Bandu Barve decided he’d had enough. It was
coming days. Such a break time for him to turn ‘smart’. His dead granny’s voice rang in his ears
The Indian rupee can
can take the euro up to — “Read the papers, Bandya, they tell you all.” So, off went Bandu to
strengthen towards the stash of newspapers on his father’s desk. As luck would have it,
1.1150-1.12 in the short
82.60 on a break term. the first paper Bandu got his hands on was The Hindu businessline.
below 82.70 The stock recos, in particular, had him in thrall. Soon Bandu
The euro will come under metamorphosed into an ace investor and trader.
pressure for a fall only if it
declines below 1.08. But that
below the intermediate sup- looks less likely at the These days, Bandu picks five Last week’s prize
port level of 4.15 per cent. A moment. stocks each Sunday, which he winner
crucial support is at 4 per Zarina
believes will be blockbusters
cent. A break below it will in- ROOM TO STRENGTHEN over the next week
crease the downside pres- The Indian Rupee Last week’s winning
sure. Such a break can drag it (USDINR: 82.78) 1 Tata Power stock
APL Apollo Tubes
down to 3.8-3.7 per cent in strengthened last week in-
B ANDU’S PICKS

Rallis India (₹288)

The dollar index (102.71) is the coming weeks. line with our expectation. 2 Zensar
Closing price
looking bearish. Strong res- If the yield manages to We had expected the rupee Technologies
Key resistance breached istances will now be at 103 sustain above 4 per cent, a to test 82.70. The domestic (Mar 2)
₹1,532.40
and 103.50. The index can bounce back move to 4.1- currency made a high of
Rallis India’s stock has been rising since fall to 102 first. A break be- 4.15 per cent can be seen 82.72 and then has come-off 3 Avanti Feeds
last May. It established an uptrend on the low 102 can drag it down to this week. The outcome of slightly from there. It has Closing price
back of the support at ₹185. However, 101 in the coming weeks. the US CPI data on Tuesday closed the week at 82.78. 4 Chambal (Mar 7)
₹1,582.10
after reaching ₹260 towards the end of In case the dollar index might set the trend. Support is in the 82.85- Fertilsers &
2023, the uptrend lost momentum. While manages to bounce back 82.90 region. Resistance is Chemicals
Return:
there was no decline in price, the stock from around 102, a correct- BULLISH OUTLOOK around 82.70, which is hold- 3.24 per cent
moved across a horizontal path. But it ive rise to 103 is possible. The euro (EURUSD: 1.0939) ing well for now. So broadly, 5 Glenmark
started to regain traction and has been Thereafter, a fresh reversal is moving towards 1.10 in 82.70-82.90 can be the trad- Pharmaceuticals
appreciating in the last two weeks. The can drag it below 102 even- line with our expectation. A ing range for some time.
scrip has now broken the resistance as it tually targeting 101 on the high of 1.0981 was touched Within this, the bias remains
closed at ₹288 last week. Going ahead, we anticipate the stock to downside. last week. The outlook is positive. The chances are Here's your chance to match step with Bandu.
reach ₹350, but after a minor corrective decline. Hence, we suggest bullish. Immediate support high for the rupee to break Guess the stock that will give the best return by next Friday (BSE
buying when the price moderates to ₹275. Accumulate if the price KEY SUPPORT is at 1.09. Below that a 82.70 and move further up prices). By Wednesday noon, mail us your pick and its expected price
dips further to ₹260. Stop-loss can be at ₹230 initially. Shift this up The US 10Yr Treasury Yield cluster of supports is avail- towards 82.60 in the coming rise to bandublockbuster@gmail.com with your name, mobile
number and address. One lucky winner will get a prize of ₹2,000.
to ₹280 when the stock hits ₹300. Exit at ₹350. (4.07 per cent) has declined able in the 1.0850-1.0800 re- days.
CM
YK ... . . . . . . BM-BME
8 . bl . Take 500
MUMBAI

businessline.portfolio
SUNDAY - MARCH 10 - 2024

Valuation Radar: The Good, The Bad, The Ugly

The Benchmark indices, Sensex and Capital Consumer
Nifty 50 Sensex Auto Bankex Goods Durables FMCG Healthcare IT Metal Oil & Gas Power PSU Realty Teck
Nifty 50 gained 0.5 and 0.7 per cent
respectively last week. Most of the P/E 23.2 25.4 30.3 16.5 49.4 87.8 41.5 43.5 32.7 19.9 8.7 27.4 11.7 61.7 38.3
sectoral indices ended in green. BSE P/BV 3.9 3.8 5.8 2.4 7.9 11.0 9.2 5.3 8.3 2.3 1.8 4.1 2.1 5.9 8.3
Metal gained the most by 3 per cent
followed by BSE PSU 2.4 per cent, Dividend Yield 1.2 1.1 0.9 0.8 0.6 0.3 1.7 0.6 1.6 4.1 2.6 1.3 2.3 0.2 1.5
BSE Power 1.9 per cent. BSE IT and Weekly Return (%) 0.7 왖 0.5 왖 1.1 왖 1.2 왖 1.1 왖 0.6 왖 0.1 왖 0.6 왖 -1.2 왔 3.0 왖 0.7 왖 1.9 왖 2.4 왖 -0.1 왔 0.0 왔
BSE Realty declined 1.2 and 0.1 per Monthly Return (%) 2.6 왖 2.7 왖 6.2 왖 5.4 왖 5.3 왖 6.6 왖 -0.9 왔 0.6 왖 -3.3 왔 2.4 왖 0.4 왖 5.5 왖 4.9 왖 5.8 왖 -1.5 왔
cent respectively.
Annual Return (%) 26.7 왖 22.8 왖 61.7 왖 15.7 왖 70.8 왖 38.8 왖 18.4 왖 60.8 왖 26.7 왖 46.9 왖 60.2 왖 93.1 왖 93.2 왖 122.2 왖 24.7 왖
The sector indices are disseminated by S&P BSE.

Company CMP EPS PE PB Year End Sales Profit Sales Profit Wkly ROCE DER Yr.High Yr.Low Company CMP EPS PE PB Year End Sales Profit Sales Profit Wkly ROCE DER Yr.High Yr.Low
Qty Qty TTM TTM Rtn Qty Qty TTM TTM Rtn

360 ONE [1] 678.8 20.0 33.9 7.5 202312 25.3 12.0 16.5 7.4 -7.4 13.4 2.0 789.0 395.6
Takeaways from Take 500 MRF 143885.4 4776.5 30.1 3.9 202312 9.2 191.5 9.7 241.3 -0.8 7.8 0.2151283.4 81391.0
3M India 30413.7 484.9 62.7 18.6 202312 1.3 8.4 7.9 28.2 -3.8 30.7 0.0 39809.7 21740.0 Multi Comm. Exc. 3618.1 0.1 26741.3 13.9 202312 33.4 -113.8 30.8 -99.6 -5.3 9.3 0.0 3990.2 1289.2
Muthoot Finance 1377.5 103.6 13.3 2.3 202312 26.9 19.0 21.7 14.4 4.4 12.1 2.7 1537.4 911.4
A ...................................................................................................................................................................................................... Wondering how to choose stocks for your Sales (TTM) and Profit (TTM) make
A B B [2] 5771.7 58.9 98.0 20.6 202312 13.3 12.8 22.0 61.9 5.2 22.9 0.0 5789.9 3143.2 portfolio from the dozens which are listed? the same comparisons for the trailing N .....................................................................................................................................................................................................

Aarti Drugs 476.7 19.5 24.5 3.7 202312 -8.7 0.0 -0.6 8.8 -5.2 15.3 0.5 645.0 310.8 Narayana Hrudaya 1180.2 37.8 31.3 9.6 202312 6.7 22.3 17.0 53.7 -9.0 29.3 0.4 1445.1 724.9
Aarti Industries [5] 665.2 12.0 55.6 4.8 202312 3.9 -9.2 -6.9 -26.5 -1.2 10.1 0.6 712.3 438.1 Or how to keep track of the ones you own? twelve months. Natco Pharma [2] 1015.0 71.3 14.2 3.4 202312 54.0 241.4 59.1 228.5 3.4 17.7 0.1 1107.9 520.6
AAVAS Financiers 1414.6 60.0 23.6 3.2 202312 23.5 9.0 26.1 13.6 -1.6 9.5 3.0 1839.6 1321.1
Abbott India 27427.7 539.1 50.9 18.8 202312 8.7 26.0 9.4 23.3 -2.8 39.9 0.0 29628.219965.8
Well, the listings on this page help you sift Wkly Rtn (Weekly Return) gives the Natl. Aluminium [5]
Navin Fluo.Intl. [2]
163.2
3059.4
8.1
59.4
20.2
51.5
2.2
6.7
202312 1.5
202312 -11.0
83.6
-66.1
-11.3
20.8
-24.3
-6.2
1.6
0.1
13.7
20.7
0.0
0.2
170.4 75.7
4922.0 2991.0
ACC 2638.8 89.2 29.6 3.3 202312 8.3 212.8 11.0 131.1 -2.1 7.9 0.0 2760.0 1593.5 through the leading companies on their change in the price of a stock in the last NBCC [1] 127.3 2.4 52.3 11.5 202312 13.7 21.5 9.5 17.4 -4.3 23.8 0.0 176.5 31.0
Adani Energy Sol 1070.0 10.4 102.4 10.0 202312 16.7 -31.6 18.9 6.3 -0.3 10.2 3.0 1250.0 686.9 NCC [2] 258.0 10.7 24.1 2.6 202312 34.5 39.9 37.1 29.8 2.0 19.7 0.2 267.5 93.0
Adani Enterp. [1] 3226.3 33.2 97.2 10.0 202312 6.5 130.3 -17.5 84.2 -2.8 9.1 1.7 3349.4 1573.0 fundamentals and keep an eagle eye on one week. NESCO [2] 854.4 48.6 17.6 2.9 202312 24.5 33.8 34.7 32.2 -0.8 19.0 0.0 934.0 505.3
Adani Green
Adani Ports [2]
1930.5 10.4 185.7
1327.5 40.9 32.5
38.6
5.9
202312
202312
13.3
44.6
137.0
67.9
42.3
33.4
160.3
68.0
-1.9
0.4
7.6 10.8 2016.0 619.6
9.4 1.2 1356.5 571.4
their financial performance. Here’s a short ROCE (Return on Capital Employed) Nestle India [1] 2559.9 31.1 82.3 79.8 202312 8.3 17.0 13.3 25.5 -1.5 59.5 0.1 2770.8 1788.8
Netwrk.18 Media [5] 93.8 -1.9 0.8 202312 -4.1 -856.3 31.5 -1455.0 -8.6 0.0 5.8 136.2 48.4
Adani Power 568.9 60.5 9.4 5.4 202312 67.3 31119.6 20.7 130.4 2.8 13.8 1.9 589.3 166.3 guide to interpreting the numbers: tells you what returns a business is gener- New India Assura [5] 257.7 5.7 45.6 1.6 202312 13.6 -2.1 11.3 152.2 -4.2 3.7 0.0 324.0 94.2
Adani Total Gas [1] 1008.7 5.4 185.7 34.3 202312 4.6 17.6 3.4 12.8 -2.9 20.7 0.5 1259.9 522.0
Adani Wilmar [1] 362.4 1.1 341.1 5.9 202312 -16.9 -18.4 -12.4 -80.9 -5.0 14.2 0.3 509.4 285.9 CMP (Current Market Price) is the ating on the capital it uses. NHPC Ltd
Nippon Life Ind.
90.1
492.1
3.7
15.3
24.3
32.2
2.3
8.7
202312 -20.4
202312 19.6
-26.8
38.6
-6.1
13.7
0.1
37.5
0.2
-4.5
8.1
26.6
0.8
0.0
115.8 38.7
542.6 197.1
Aditya AMC [5] 515.9 24.6 21.0 5.4 202312 8.7 25.9 2.5 14.2 -1.5 33.1 0.0 534.8 307.9 closing price of a stock on BSE on its last DER (Debt Equity Ratio), which divides NLC India 218.2 18.6 11.7 1.8 202312 -14.0 -37.9 3.4 187.0 -1.2 12.4 1.5 293.6 69.8
Aditya Bir. Fas. 225.4 -6.2 7.3 202312 16.1 -593.2 13.9 -400.9 -1.9 0.0 1.7 265.8 184.4 NMDC [1] 238.8 19.7 12.1 2.9 202312 45.4 83.2 11.1 10.9 3.3 28.5 0.1 252.7 103.8
Aditya Birla Cap 182.1 10.4 17.5 1.9 202312 26.8 4.6 21.6 30.3 -2.6 11.6 4.0 199.4 139.4 traded day, usually Friday. a company’s total loans by shareholder NMDC Steel 61.1 -2.4 1.1 202312 -0.8 0.0 0.2 73.7 29.8
Aegis Logistics [1] 433.5 14.6 29.6 4.2 202312 -10.2 3.8 -14.1 23.3 -0.6 17.1 0.5 471.2 280.0
Aether Industri. 836.1 9.5 87.9 5.4 202312 -7.0 -37.0 8.1 6.1 -3.8 18.5 0.2 1210.8 778.0
EPS (Earnings per Share) is the net funds, indicates how indebted a company NTPC 352.0 20.1 17.5 2.2 202312 -4.0 7.9 3.6 13.3 2.5 9.7 1.5 360.4 166.7
Nuvoco Vistas 319.9 18.3 17.5 1.3 202312 -7.0 -58.8 1.3 518.3 -5.1 1.9 0.6 398.6 303.0
Affle India [2] 1095.4 19.4 56.4 6.6 202312 32.6 11.4 21.5 8.6 -1.8 18.9 0.1 1336.5 875.3 profit that the company has earned in the is.
AIA Engineering [2]
Ajanta Pharma [2]
3701.1 121.2 30.5
2082.5 58.4 35.6
5.7
7.5
202312
202312
-5.2
13.7
-20.7
56.1
4.9
8.2
16.4
19.2
0.3
-2.1
25.3 0.1 4624.5 2621.0
22.2 0.0 2355.1 1136.8 latest financial period, on each outstand- ROCE and DER give you the latest avail- O .....................................................................................................................................................................................................

O N G C [5] 278.1 38.1 7.3 1.1 202312 -2.2 -9.9 -5.4 8.7 2.7 13.3 0.5 284.8 146.7
Akzo Nobel
Alembic Pharma [2]
2418.8 90.8 26.7
998.9 30.0 33.3
8.2
4.4
202312
202312
4.7
8.1
16.8
48.0
6.0
8.1
32.1
179.3
-3.1
-5.0
32.3 0.1 3076.4 2178.1
7.2 0.2 1093.1 463.3
ing share. Here, we capture each com- able year-end numbers for the company. Oberoi Realty 1376.3 44.5 30.9 3.9 202312 -35.3 -48.7 2.2 -2.3 0.6 16.0 0.3 1586.2 814.9
Alkem Lab [2] 5142.0 141.5 36.3 6.3 202312 9.3 40.2 13.0 64.7 0.5 12.5 0.2 5519.1 3045.1 pany’s total EPS for the last available trail- Yearly High and Low tell you the range Oil India
One 97 [1]
630.2 69.5
401.1 -16.2
9.1 1.7
2.0
202312 3.4
202312 38.2
2.8
-156.1
-16.0
39.6
-17.2
56.5
6.9
-5.7
26.1
0.0
0.5 647.4 240.7
0.0 998.3 318.4
Alkyl Amines [2] 2138.3 31.1 68.7 9.2 202312 -17.1 -26.8 -11.8 -29.7 0.7 27.3 0.1 2794.6 2119.1
Alok Industries [1] 30.6 -1.9 -0.8 202312 -27.0 -192.0 -24.3 -52.3 6.7 0.0 0.0 39.2 10.6 ing 12 months. that the company’s stock has spanned in Oracle Fin.Serv. [5] 8305.6 246.8 33.7 11.1 202312 25.8 69.4 12.7 18.2 7.8 33.1 0.0 8388.8 3151.0
Orient Electric [1] 205.4 3.4 60.6 7.1 202312 1.7 -25.3 2.2 -27.6 -1.6 18.3 0.2 279.2 189.1
Amara Raja Ener. [1] 868.0 49.5 17.5 2.6 202312 15.4 14.8 10.7 29.4 2.6 18.5 0.0 922.0 553.7 PE (Price Earnings Ratio) is the single the last one year.
Amber Enterp.
Ambuja Cements [2]
3652.2 42.2 86.5
603.3 15.4 39.1
6.3
3.6
202312
202312
-4.0 -103.4
13.8 560.3
18.2
4.8
28.7
61.6
1.7
-2.3
10.5 0.7 4615.2 1762.3
10.7 0.0 624.6 341.0 most important number to gauge if a stock Face value other than ₹10 per share is P .....................................................................................................................................................................................................

P & G Health Ltd 5114.0 136.5 37.5 10.5 202312 0.0 -6.2 5.6 -2.6 0.0 43.2 0.0 5640.0 4487.5
Angel One
Anupam Rasayan
2733.5 125.3 21.8
938.8 14.1 66.7
8.8
3.9
202312
202312
41.5
-24.6
14.2
-57.1
30.9
6.9
27.1
-9.3
-2.9
-2.0
44.3 0.6 3900.4 1041.0
12.9 0.4 1249.8 725.3
is expensive or cheap enough to buy. It di- mentioned in brackets next to the com- P & G Hygiene 15653.6 232.9 67.2 48.3 202312 -0.3 10.3 4.6 49.0 -1.8 90.4 0.0 19086.213101.1
Apar Inds. 6092.8 207.0 29.4 7.1 202312 1.9 28.1 18.6 74.1 -3.3 50.8 0.2 6523.0 2178.0 vides the company’s current market price pany name. As far as possible, consolid- P I Industries [1]
Page Industries
3624.2
35856.3
105.0 34.5
483.5 74.2
6.9
26.1
202312 17.6
202312 2.4
27.5
23.1
18.5
-6.7
38.1
-21.1
-1.4
0.7
21.6
53.6
0.0 4010.0 2870.0
0.2 43599.034000.0
APL Apollo Tubes [2] 1582.1 27.5 57.5 13.4 202312 -3.6 -2.2 11.4 26.7 2.1 26.0 0.3 1806.2 1046.6
Apollo Hospitals [5] 6047.2 54.8 110.3 13.4 202312 13.8 59.8 16.1 3.0 -0.6 14.2 0.7 6871.3 4170.0 by its EPS. ated numbers (latest available) have been Patanjali Foods [2] 1525.0 22.7 67.1 5.4 202312 -0.2 -19.6 3.5 -4.0 -2.6 13.2 0.3 1741.0 851.7
PB Fintech. [2] 1101.5 -0.1 8.8 202312 42.7 -56.4 44.3 99.6 -1.4 0.0 0.0 1179.0 547.1
Apollo Tyres [1]
Aptus Value Hou. [2]
516.9 28.4 18.2
344.6 11.7 29.5
2.5
4.9
202312
202312
2.7
22.8
73.6
25.5
6.1
26.4
132.7
22.1
-2.4
3.1
9.8 0.6 559.9 303.4
14.6 1.0 388.1 235.0
PB (Price to Book value) measures a used for a holistic picture of the company’s PCBL Ltd [1] 268.7 12.8 21.0 3.3 202312 21.5 52.4 4.4 12.6 -8.8 17.5 0.3 343.4 108.1
Archean Chemical [2] 688.0 32.2 21.3 5.4 202312 13.1 3.5 -0.2 21.5 -5.9 42.6 0.6 838.2 495.0 company’s stock price relative to its book finances. Persistent Sys 8366.0 133.7 62.6 14.6 202312 15.2 10.1 22.6 15.4 -2.8 28.2 0.2 8979.9 3959.3
Asahi India Glas [1] 520.8 13.3 39.2 5.7 202312 3.1 -24.5 10.8 -23.8 -2.2 20.4 0.7 651.2 419.8 Petronet LNG 281.6 23.4 12.0 2.6 202312 -6.5 1.4 -7.7 0.3 -0.4 25.3 0.2 296.2 191.7
Ashok Leyland [1] 171.1 8.0 21.3 5.7 202312 6.7 74.2 18.3 210.9 -0.5 12.0 3.5 191.5 133.1
value or net worth. PB is the appropriate Given that the top 500 listed companies Pfizer 4524.0 111.0 40.7 6.3 202312 -13.2 -17.6 -7.6 -13.9 -1.3 25.9 0.0 4838.9 3407.0
Asian Paints [1] 2870.1 56.9 50.5 16.6 202312 5.4 35.0 5.7 42.7 1.3 34.5 0.1 3566.9 2705.9 value measure for banks and asset-heavy are usually the most liquid and well-run, Phoenix Mills [2] 2784.1 55.1 50.5 5.6 202312 44.2 58.4 41.4 50.8 1.6 11.9 0.6 2968.4 1186.5
Aster DM Health. 444.1 7.0 63.6 5.1 202312 16.2 28.6 18.5 -27.4 -3.8 9.2 1.3 495.2 225.6 Pidilite Inds. [1] 2865.3 33.7 85.1 19.4 202312 4.4 67.8 4.8 37.5 4.0 24.2 0.1 2961.1 2275.0
Astral [1] 2099.1 21.0 99.8 19.4 202312 8.1 22.4 9.5 46.1 1.3 25.5 0.0 2143.5 1297.9 companies. we’ve restricted the list to the S&P BSE 500 Piramal Enterp. [2] 894.3 67.4 13.3 0.7 202312 17.1 -67.2 -9.1 -36.4 -4.4 2.2 1.6 1140.0 630.2
Astrazeneca Phar [2]
Atul
5413.2 63.8 84.9
6106.8 121.7 50.2
20.7
3.7
202312
202312
22.4
-10.3
-46.1
-32.5
26.0
-16.0
45.0
-35.7
-0.7
-0.6
30.5 0.0 7208.0 3102.0
14.8 0.0 7587.0 5988.0
Sales (Qty) and Profit (Qty) capture index constituents. Piramal Pharma
PNB Housing
126.8
703.3
-0.3
51.9 13.5
2.2
1.3
202312 14.1
202312 -2.3
-90.0
25.8
10.4
8.8
-2.2
44.0
-3.4
-3.2
1.9
8.3
0.7 149.0 61.7
5.1 914.0 384.2
AU Small Finance 571.7 23.7 24.1 3.3 202312 29.2 -4.5 31.6 17.7 -0.7 0.0 0.0 813.0 548.2 the growth in a company’s net sales and PNC Infratech [2] 437.1 25.7 17.0 2.4 202312 13.5 32.4 6.1 -13.4 2.3 13.7 1.4 473.0 261.3
Aurobindo Pharma [1] 1058.9 48.0 22.1 2.2 202312 13.8 90.6 14.8 30.4 3.2 9.2 0.2 1177.0 443.2 Poly Medicure [5] 1567.2 25.9 60.5 11.2 202312 19.2 30.0 22.4 58.8 -3.6 19.0 0.1 1727.0 921.0
Avanti Feeds [1] 556.3 25.7 21.6 3.5 202312 13.7 14.0 -2.8 27.0 4.9 21.4 0.0 598.6 321.2 net profits for the latest reporting quarter, Note: Very large percentage changes in Polycab India 4888.2 110.7 44.2 10.2 202312 16.8 15.4 21.9 42.4 1.8 28.1 0.0 5722.9 2755.0
Avenue Super. 3924.3 37.4 105.0 14.7 202312 17.3 17.1 18.6 3.7 1.0 20.1 0.0 4203.0 3292.7 over the previous year, in percentage sales and profit are reflective of a change Poonawalla Fin [2] 432.8 12.7 34.2 4.3 202312 53.0 79.3 58.8 106.3 -6.5 7.2 1.6 520.0 274.0
Axis Bank [2] 1111.9 83.5 13.3 2.3 202312 26.4 4.9 32.2 25.2 1.1 0.0 0.0 1151.5 814.3 Power Fin.Corpn. 429.8 57.0 7.5 1.5 202312 19.8 22.5 13.5 30.5 4.0 9.4 9.1 477.8 116.4
terms. We’ve adjusted the numbers for from near-zero or negative value. Power Grid Corpn 292.6 16.9 17.3 3.1 202312 2.6 10.5 4.8 4.9 1.7 12.7 1.6 299.0 164.1
B .....................................................................................................................................................................................................
one-off and exceptional items. Source: Capitaline database Praj Industries [2] 498.3 15.2 32.8 8.2 202312 -9.1 13.0 2.9 33.5 -1.0 31.0 0.0 650.3 299.0
B H E L [2] 257.5 -0.3 3.4 202312 6.8 -451.9 4.3 -115.4 9.5 2.4 0.2 271.9 67.6 Prestige Estates 1183.4 42.2 28.0 4.3 202312 -22.5 -9.0 3.2 217.9 1.5 10.4 0.9 1440.0 392.2
BPCL 624.5 140.3 4.4 1.9 202312 -3.1 76.6 -2.1 2007.4 0.2 6.8 1.3 687.7 320.1 Prince Pipes 567.9 18.8 30.1 4.3 202312 -12.4 6.3 -8.9 80.3 -0.5 12.3 0.1 775.8 532.0
Bajaj Auto 8878.7 261.4 34.0 8.6 202312 31.4 38.0 19.5 31.3 10.4 26.5 0.0 8970.0 3705.0 Prism Johnson 170.4 0.2 867.9 6.1 202312 -1.4 -106.5 6.7 112.1 -0.4 0.5 1.3 198.9 101.2
Bajaj Finance [2] 6419.3 223.0 28.8 5.8 202312 32.1 22.4 34.2 28.0 -2.3 11.8 3.9 8190.0 5487.3 Privi Speci. 1166.7 12.9 90.8 5.3 202312 -3.8 409.9 5.1 -11.8 -1.9 5.5 1.2 1360.0 954.0
Bajaj Finserv [1] 1582.6 48.9 32.4 5.0 202312 33.5 21.1 32.3 30.1 -1.9 12.7 4.3 1741.9 1216.1 Pun. & Sind Bank 64.4 1.3 47.8 3.1 202312 18.2 -69.4 21.3 -24.0 0.1 0.0 0.0 77.5 23.1
Company CMP EPS PE PB Year End Sales Profit Sales Profit Wkly ROCE DER Yr.High Yr.Low
Bajaj Holdings 8651.8 530.5 16.3 2.0 202312 9.8 27.9 12.2 28.3 -3.3 11.5 0.0 9355.0 5791.1 Punjab Natl.Bank [2] 129.8 6.9 18.7 1.4 202312 22.1 243.5 28.2 318.6 4.0 0.0 0.0 132.6 44.4
Qty Qty TTM TTM Rtn
Balaji Amines [2] 2340.3 56.9 41.2 4.7 202312 -34.6 -21.1 -36.2 -52.4 6.4 39.0 0.1 2736.4 1872.9 PVR Inox 1415.3 -23.6 1.9 202312 64.5 -20.5 90.7 -116.2 1.7 0.0 1.5 1879.8 1336.5
Balkrishna Inds [2] 2266.3 64.4 35.2 5.3 202312 5.0 181.8 -8.3 6.1 0.7 14.4 0.4 2793.7 1912.3
Balrampur Chini [1] 377.9 29.0 13.0 2.4 202312 25.4 97.3 26.9 115.9 1.5 10.4 0.6 485.8 356.4 Q .....................................................................................................................................................................................................
Bandhan Bank 195.1 18.5 10.5 1.5 202312 22.5 152.2 15.7 -9.3 -2.4 0.0 0.0 272.0 182.2
Bank of Baroda [2] 281.8 36.5 7.7 1.2 202312 21.0 11.2 32.5 61.7 3.9 0.0 0.0 284.5 155.7 H .....................................................................................................................................................................................................
Quess Corp 505.4 16.0 31.6 2.8 202312 8.4 79.2 12.8 3.1 -0.5 9.1 0.4 580.0 337.5
Bank of India
Bank of Maha
146.2
61.9
14.1
5.2
10.4
11.9
1.1
2.4
202312 19.7
202312 25.2
111.0
33.7
31.8
31.7
105.6
73.7
7.1
2.0
0.0
0.0
0.0 156.4
0.0 70.0
67.0
22.8
HPCL
HUDCO
508.7 119.2 4.3
202.5 10.3 19.7
1.6
2.6
202312 1.4
202312 17.7
60.5
104.2
-0.7
9.4
297.4
13.6
-1.6
4.1
-8.0
8.8
1.6 594.5 219.8
4.2 227.0 40.5
R .....................................................................................................................................................................................................

RCF 140.6 3.5 39.7 1.7 202312 -21.4 -95.4 -14.8 -81.2 -1.6 21.8 0.6 190.0 89.5
BASF India 3222.4 71.6 45.0 8.7 202312 76.3 211.1 32.9 490.1 -2.8 24.8 0.0 3495.0 2222.8 Happiest Minds [2] 831.1 15.3 54.2 9.1 202312 11.7 -5.0 17.3 1.5 -2.0 28.1 0.5 1022.3 763.5
Radico Khaitan [2] 1566.4 18.8 83.5 9.1 202312 46.6 22.7 24.0 10.1 -1.8 11.4 0.2 1882.1 1069.6
Bata India [5] 1450.1 22.5 64.5 13.3 202312 0.4 -30.3 3.6 -9.7 1.1 19.6 0.7 1770.1 1380.9 Hatsun Agro [1] 1129.8 10.8 104.8 17.2 202312 11.3 23.6 9.2 32.0 -0.5 11.1 1.5 1232.0 786.0
Rail Vikas 238.0 7.0 34.1 6.3 202312 -6.4 -6.2 -0.5 1.1 -3.4 17.2 1.0 345.6 60.3
Bayer Crop Sci. 5475.2 178.1 30.7 7.9 202312 -8.0 53.3 3.4 18.0 -3.0 32.1 0.0 6202.0 3922.5 Havells India [1] 1542.8 18.9 81.8 14.0 202312 6.9 1.5 9.3 10.9 1.8 21.9 0.1 1590.9 1128.1
Rain Industries [2] 176.3 -27.9 0.8 202312 -24.9 -1349.7 -13.7 -165.2 -2.7 16.3 1.3 219.7 141.1
Berger Paints [1] 573.3 9.7 59.1 13.8 202312 7.0 49.1 7.9 26.5 -2.7 23.3 0.3 679.1 470.9 HCL Technologies [2] 1637.1 57.9 28.3 6.8 202312 6.5 6.2 10.9 8.6 -0.4 27.6 0.1 1696.5 1016.5
Rainbow Child. 1132.1 21.6 52.3 10.1 202312 9.6 7.3 19.1 29.6 -13.9 24.1 0.7 1488.5 682.0
Bharat Dynamics 1798.4 26.0 69.1 9.8 202312 30.6 61.2 -24.1 -2.2 -2.3 9.3 0.0 1984.4 879.0 HDFC AMC [5] 3743.0 83.4 44.9 13.3 202312 20.0 32.6 13.4 28.0 -1.1 32.3 0.0 4066.1 1595.3
HDFC Bank [1] 1446.4 77.7 18.6 2.5 202312 73.3 35.9 58.6 34.6 1.1 0.0 0.0 1757.8 1363.5 Rajesh Exports [1] 317.7 24.8 12.8 0.6 202312 -30.7 -97.1 -1.7 -39.1 1.9 10.9 0.1 669.0 299.0
Bharat Electron [1] 215.4 4.9 44.1 10.6 202312 1.9 40.2 3.5 29.5 4.8 27.0 0.0 216.7 89.7
HDFC Life Insur. 621.8 7.1 87.7 9.4 202312 6.0 16.3 15.1 0.8 5.4 0.6 0.1 710.6 458.0 Ramkrishna Forg. [2] 724.2 17.5 41.4 5.1 202312 36.1 42.3 26.6 19.9 -6.5 18.3 1.2 815.0 260.5
Bharat Forge [2] 1179.0 18.7 63.1 7.8 202312 15.3 220.6 17.8 35.8 -0.4 7.3 1.0 1330.0 744.0
HEG 1698.7 98.1 17.3 1.5 202312 6.1 -58.3 -2.3 -32.6 3.3 14.6 0.2 2009.0 919.0 Ratnamani Metals [2] 2845.3 88.8 32.1 7.1 202312 14.4 -0.3 28.2 44.5 -9.1 27.1 0.1 3924.0 1916.0
Bharti Airtel [5] 1199.2 20.9 57.4 8.6 202312 5.9 22.8 10.2 65.1 6.2 12.7 2.8 1213.1 738.7
Hero Motocorp [2] 4652.1 186.5 24.9 5.3 202312 20.6 50.6 10.2 42.5 3.3 23.1 0.0 4980.0 2246.8 Raymond 1759.0 258.1 6.8 2.8 202312 10.1 92.3 6.7 140.0 -5.1 21.1 0.9 2240.0 1092.6
Bikaji Foods [1] 533.5 7.5 71.4 12.8 202312 23.0 14.4 14.4 51.7 2.9 17.3 0.2 605.0 333.0
Biocon [5] 281.9 10.0 28.2 1.8 202312 34.4 275.7 49.0 87.6 2.9 5.7 0.9 307.0 191.6 HFCL [1] 102.5 2.0 50.2 4.1 202312 -4.9 -14.4 1.8 -1.0 -5.5 15.1 0.3 117.8 55.8 RBL Bank 255.9 19.7 13.0 1.1 202312 27.8 8.9 27.0 52.0 -4.1 0.0 0.0 300.5 131.6
Birla Corpn. 1545.7 38.8 39.9 2.2 202312 14.7 118.7 11.6 187.5 -6.0 3.8 0.9 1801.3 846.4 Hind. Unilever [1] 2420.7 43.9 55.1 11.3 202312 -0.3 -0.7 4.8 4.3 0.3 24.9 0.0 2768.5 2347.0 REC Ltd 472.7 49.9 9.5 1.9 202312 23.2 13.5 16.0 26.2 2.8 9.1 6.5 524.0 113.2
Birlasoft Ltd [2] 772.4 20.1 38.3 7.8 202312 9.9 884.5 10.1 57.8 -0.3 17.2 0.0 861.6 250.4 Hind.Aeronautics [5] 3316.2 91.9 36.1 8.8 202312 7.0 9.2 8.1 0.7 5.1 18.8 0.0 3334.5 1237.5 Redington [2] 204.8 15.4 13.3 2.3 202312 8.4 -10.3 18.6 -15.9 -2.9 25.4 0.3 221.8 136.3
BLS Internat. [1] 345.9 6.9 50.5 15.0 202312 0.0 16.4 27.0 49.4 -7.7 31.9 0.0 430.0 149.7 Hindalco Inds. [1] 536.6 41.7 12.9 1.2 202312 -0.6 71.1 -3.3 -20.0 3.4 10.7 0.7 620.6 381.0 Relaxo Footwear [1] 835.8 8.1 102.8 11.0 202312 4.7 28.1 7.9 31.3 -0.2 11.6 0.1 974.0 748.5
Blue Dart Expres 5900.3 123.3 47.8 11.5 202312 3.4 0.3 0.8 -33.2 0.0 26.9 1.1 7649.9 5633.0 Hindustan Copper [5] 280.1 3.1 89.3 12.4 202312 -28.3 -21.4 3.0 20.3 3.0 17.8 0.1 306.8 94.0 Reliance Industr 2958.1 103.3 28.6 2.7 202312 3.9 10.0 0.6 10.4 -0.9 10.0 0.5 3024.8 1979.1
Blue Star [2] 1324.6 17.4 76.0 11.6 202312 24.9 71.9 18.1 42.5 1.3 23.9 0.5 1339.0 672.5 Hindustan Zinc [2] 310.7 19.7 15.8 9.6 202312 -7.4 -5.9 -13.5 -23.5 0.6 48.5 0.3 344.0 290.6 Restaurant Brand 103.8 -4.2 7.0 202312 14.8 -171.8 21.3 -8.6 -4.0 0.0 1.1 137.9 83.7
Bombay Burmah [2] 1747.9 23.6 74.0 3.1 202312 2.1 278.5 4.7 141.4 1.5 17.6 1.3 1838.0 780.7 Hitachi Energy [2] 6546.6 23.8 274.9 22.7 202312 24.2 401.5 14.6 6.5 7.8 12.9 0.2 6585.0 3030.0 RHI Magnesita [1] 559.3 6.6 84.5 2.8 202312 43.1 -32.9 52.2 -56.3 -3.2 10.9 0.4 830.0 544.0
Borosil Renew. [1] 549.4 -1.4 7.7 202312 34.3 -397.7 64.0 -123.6 -3.5 8.1 0.5 667.4 380.1 HLE Glascoat [2] 486.7 7.0 69.2 9.7 202312 11.7 -61.9 8.7 -32.2 -1.3 22.1 0.8 698.6 466.0 Rites 737.8 19.2 38.4 6.9 202312 0.8 -14.2 -7.8 -15.6 -6.5 28.3 0.0 826.2 330.0
Bosch 29496.3 571.2 51.6 7.5 202312 14.9 47.9 16.8 22.2 1.9 17.1 0.0 30497.717816.4 Home First Finan [2] 870.1 32.4 26.9 4.0 202312 44.2 34.2 46.0 27.5 -3.7 10.3 2.4 1058.8 654.9 Rossari Biotech [2] 737.7 22.7 32.5 4.2 202312 19.1 33.9 4.5 22.6 -0.7 17.5 0.1 903.5 536.1
Brigade Enterpr. 914.1 13.5 67.9 6.3 202312 43.1 29.2 13.9 38.1 -8.2 8.2 1.6 1107.7 446.0 Honeywell Auto 37700.0 526.2 71.6 10.0 202312 5.3 20.5 21.2 16.7 -0.9 19.4 0.0 44100.034383.0 Route Mobile 1584.0 59.9 26.4 5.0 202312 3.9 13.2 26.0 38.7 -0.5 20.0 0.0 1759.5 1209.1
Britannia Inds. [1] 4887.3 89.8 54.4 41.3 202312 2.2 -11.1 5.3 17.6 -0.8 48.2 0.9 5386.3 4154.0
I ....................................................................................................................................................................................................... S ......................................................................................................................................................................................................

C ...................................................................................................................................................................................................... IDFC 115.5 3.7 30.8 1.5 202312 -125.7 -16.6 4.7 -42.4 -1.8 -24.4 0.0 133.8 75.5 SAIL 139.0 8.2 17.0 1.0 202312 -6.8 14.5 0.4 3.4 4.4 5.3 0.4 150.0 80.5
C.E. Info System [2] 1744.8 22.9 76.1 15.5 202312 36.0 3.7 29.7 21.9 -4.4 27.1 0.1 2340.0 983.5 IOB 66.1 1.3 49.8 5.2 202312 22.2 30.5 22.8 25.5 2.3 0.0 0.0 83.8 20.9 Samvardh. Mothe. [1] 118.9 2.4 50.1 3.6 202312 27.2 19.4 28.7 56.2 -0.4 8.6 0.7 126.6 61.8
Campus Activewe. [5] 247.1 2.6 94.7 12.7 202312 1.4 -48.5 -3.8 -32.0 0.8 22.9 0.6 404.0 237.7 IOCL 174.5 33.2 5.3 1.5 202312 -2.8 1067.8 -3.9 662.4 2.8 8.0 1.0 196.8 75.8 Sanofi India 8453.6 256.4 33.0 19.2 202312 3.3 13.2 2.9 12.5 -2.5 40.3 0.0 9370.4 5329.7
Cams Services 2901.4 66.1 43.9 17.8 202312 18.9 21.1 11.3 14.2 -6.7 44.3 0.1 3240.0 2002.1 I R C T C [2] 936.7 14.2 65.9 26.3 202312 21.8 22.0 24.9 20.6 0.8 56.7 0.0 1049.8 557.2 Sapphire Foods 1501.9 29.2 51.4 7.3 202312 11.6 -68.9 14.6 49.7 0.0 8.1 0.8 1565.3 1120.7
Can Fin Homes [2] 785.0 53.1 14.8 2.6 202312 27.0 32.1 32.3 22.3 -0.9 8.4 8.0 905.0 508.5 IRFC 143.7 4.6 31.1 3.9 202312 8.4 -1.8 12.0 -7.1 -2.5 5.3 9.3 192.8 25.5 SBI Cards 707.2 24.6 28.7 6.1 202312 31.8 7.8 28.4 4.4 -1.5 13.1 3.1 932.4 698.1
Canara Bank 597.9 80.8 7.4 1.3 202312 26.3 25.0 32.2 49.1 3.3 0.0 0.0 606.0 272.3 ICICI Bank [2] 1087.9 60.5 18.0 3.2 202312 29.2 25.7 35.6 33.0 0.1 0.0 0.0 1113.4 810.5 SBI Life Insuran 1509.7 18.6 81.3 10.5 202312 16.4 5.8 17.5 15.1 -2.0 0.7 0.0 1571.6 1039.3
Caplin Point Lab [2] 1365.9 57.6 23.7 5.0 202312 17.0 20.2 15.1 23.9 -10.5 26.6 0.0 1617.8 575.0 ICICI Lombard 1665.5 37.3 44.7 7.0 202312 13.5 22.4 12.6 14.4 1.4 20.9 0.0 1740.0 1049.1 Schaeffler India [2] 2856.3 58.4 48.9 9.3 202312 3.4 -4.4 5.2 5.1 -2.1 29.3 0.0 3719.2 2616.1
Capri Global [1] 248.2 3.2 78.2 5.6 202312 57.9 81.7 63.3 44.2 0.2 9.0 2.3 289.4 141.5 ICICI Pru Life 586.9 6.3 92.7 7.7 202312 4.9 2.4 6.2 19.2 8.8 0.4 0.1 615.6 381.0 Sh.Renuka Sugar [1] 45.3 -2.2 -4.2 202312 18.1 -1304.9 14.8 -466.0 -2.6 0.0 0.0 57.3 39.5
Carborundum Uni. [1] 1069.3 19.4 55.2 7.1 202312 -3.6 -68.3 8.2 10.4 -1.3 20.7 0.1 1300.0 924.2 ICICI Securities [5] 792.8 44.0 18.0 7.8 202312 50.5 65.8 28.3 19.0 -4.4 18.1 3.3 865.1 417.0 Sheela Foam [5] 1016.6 15.7 64.6 3.9 202312 15.5 -49.2 -1.9 -16.5 -3.5 14.2 0.4 1363.6 905.5
Castrol India [5] 209.3 8.7 24.0 9.8 202312 7.5 25.2 6.3 6.0 -2.0 56.9 0.0 219.6 107.7 IDBI Bank 85.5 5.0 17.2 2.2 202312 25.2 59.7 29.3 65.6 -2.4 0.0 0.0 98.7 42.9 Shoppers Stop [5] 753.0 6.6 114.2 34.8 202312 8.8 -41.3 10.0 -17.0 1.4 13.2 15.9 889.8 574.9
CCL Products [2] 614.8 20.3 30.3 5.2 202312 24.1 -13.4 27.0 14.3 -2.1 15.7 0.6 750.0 542.6 IDFC First Bank 80.8 4.3 18.9 1.9 202312 33.3 18.7 36.8 49.7 -1.7 0.0 0.0 100.7 52.1 Shree Cement 24700.1 622.7 39.7 4.6 202312 21.5 148.8 17.9 60.2 -3.7 8.5 0.1 30710.222601.3
CEAT 2775.5 166.6 16.7 3.0 202312 8.7 408.1 7.2 633.1 -2.3 9.3 0.7 2997.3 1357.6 IIFL Finance [2] 420.4 47.3 8.9 1.6 202312 24.8 29.6 20.8 28.0 -32.4 11.7 4.9 704.2 382.8 Shriram Finance 2447.3 176.8 13.8 2.0 202312 19.3 3.7 24.8 14.2 -0.2 12.1 4.0 2535.0 1202.8
Central Bank 64.4 2.8 22.9 2.0 202312 16.2 55.1 22.0 43.4 1.7 0.0 0.0 76.9 22.3 India Cements 225.4 -10.0 1.3 202312 -10.7 -117.8 -3.8 -66.2 -2.5 -3.6 0.6 277.0 167.1 Shyam Metalics 640.5 38.6 16.6 1.9 202312 13.5 89.2 7.3 4.8 -4.6 15.0 0.1 772.3 253.1
Century Plyboard [1] 666.4 16.3 41.0 7.1 202312 6.1 -23.3 5.8 1.2 -6.2 26.1 0.2 849.4 436.7 Indiabulls Hous. [2] 182.5 23.5 7.8 0.5 202312 -8.4 4.0 -5.5 -1.4 -3.8 9.8 3.3 209.6 81.9 Siemens [2] 4668.5 56.3 83.0 12.7 202312 20.6 9.2 22.1 35.7 -0.6 20.4 0.0 4759.8 3196.1
Century Textiles 1530.3 13.5 113.1 4.5 202312 2.5 855.3 -3.4 -28.9 4.6 5.8 0.3 1598.8 602.1 Indiamart Inter. 2608.7 47.6 54.8 10.3 202312 21.4 -27.4 25.4 2.2 -1.9 15.6 0.0 3293.5 2284.1 SIS [5] 452.6 20.2 22.4 2.7 202312 5.8 -64.3 10.2 -15.8 2.0 10.2 0.7 560.0 318.0
Cera Sanitary. [5] 7578.0 178.2 42.5 8.1 202312 -4.1 -9.8 8.9 13.8 -0.2 24.7 0.0 9782.3 5885.1 Indian Bank 545.8 56.7 9.6 1.4 202312 20.0 51.7 25.1 50.6 3.9 0.0 0.0 573.5 254.3 SJVN 122.2 2.3 53.7 3.4 202312 -1.6 -47.7 -5.7 -34.4 0.8 8.7 0.8 170.5 30.4
CESC [1] 125.5 10.6 11.8 1.5 202312 3.7 -11.9 6.0 5.6 -1.0 9.9 1.4 149.9 62.3 Indian Energy Ex [1] 147.9 3.8 38.5 15.1 202312 15.0 18.9 7.1 13.6 2.4 52.3 0.0 173.3 116.1 SKF India 4340.6 101.0 43.0 9.0 202312 1.4 13.3 5.0 -2.3 -7.6 34.0 0.0 5528.9 3961.0
CG Power & Indu. [2] 457.8 5.6 81.4 31.4 202312 12.9 -6.7 18.0 38.4 -1.5 42.2 0.1 501.8 276.9 Indian Hotels Co [1] 587.6 8.2 71.5 10.0 202312 16.5 18.1 28.3 60.3 -0.3 13.6 0.5 602.8 302.3 Sobha 1520.4 9.6 159.1 5.8 202312 -21.1 -52.6 26.0 30.1 -4.8 8.3 0.9 1677.6 412.4
Chalet Hotels 753.1 11.8 64.0 9.2 202312 29.0 20.8 42.4 162.9 -5.6 9.1 1.6 890.7 354.3 Indigo Paints 1361.8 30.2 45.1 7.9 202312 21.3 43.6 17.2 22.0 -2.6 21.4 0.0 1700.0 981.1 Solar Industries [2] 7530.0 89.2 84.4 23.8 202312 -21.1 -0.6 1.2 12.2 9.4 36.1 0.5 8499.0 3457.0
Chambal Fert. 372.6 31.8 11.7 1.9 202312 -47.6 41.8 -31.1 7.6 5.3 16.4 0.6 402.0 248.6 Indraprastha Gas [2] 430.2 27.8 15.5 3.3 202312 -4.2 42.7 9.7 16.5 -0.8 27.1 0.0 515.6 375.8 Sona BLW Precis. 684.0 8.5 80.6 16.5 202312 15.8 23.9 23.7 30.9 2.0 22.1 0.1 718.6 401.1
Chemplast Sanmar [5] 451.6 -5.1 26.9 202312 -25.3 -429.3 -28.2 -120.3 -8.3 32.6 4.7 542.9 342.0 Indus Towers 255.4 20.7 12.3 2.9 202312 4.9 251.1 -2.4 103.8 -3.0 10.2 0.9 271.3 135.8 Sonata Software [1] 789.5 15.4 51.3 15.4 202312 10.3 -37.8 19.1 -1.8 -3.6 33.5 0.3 867.1 369.3
Chola Financial [1] 1084.4 88.8 12.2 2.4 202312 43.8 40.7 43.1 40.5 1.3 10.6 11.8 1282.8 512.7 IndusInd Bank 1564.1 111.4 14.0 2.1 202312 22.4 17.2 27.4 27.5 2.5 0.0 0.0 1694.4 990.3 SPARC [1] 388.3 -11.2 38.0 202312 -89.4 -1081.8 -50.7 -71.7 2.6 0.0 0.2 423.6 160.5
Cholaman.Inv.&Fn [2] 1083.8 38.2 28.4 5.1 202312 49.2 27.3 48.6 28.6 -1.1 9.7 6.4 1309.8 709.9 Infibeam Avenues [1] 40.2 0.5 75.5 3.4 202312 119.9 15.7 84.4 14.4 10.8 6.0 0.0 41.4 12.9 SRF 2447.2 49.8 49.1 6.7 202312 -11.1 -50.4 -8.7 -33.1 2.1 22.0 0.4 2636.7 2050.0
CIE Automotive 445.0 21.0 21.2 2.8 202312 -0.3 21.0 6.0 20.3 0.8 14.0 0.2 578.1 332.2 Info Edg.(India) 5079.8 22.3 228.3 3.3 202312 6.4 -37.4 12.2 -58.9 -3.8 2.9 0.0 5536.8 3310.0 St Bk of India [1] 788.2 77.4 10.2 1.9 202312 23.3 5.4 28.2 46.6 2.5 0.0 0.0 793.5 501.9
Cipla [2] 1482.0 49.0 30.3 4.8 202312 13.5 49.5 13.6 48.3 0.8 17.8 0.0 1495.0 852.0 Infosys [5] 1617.0 58.8 27.5 9.6 202312 1.3 -7.3 8.2 3.1 -2.3 44.4 0.1 1731.0 1215.5 Star Cement [1] 207.2 7.5 27.6 3.3 202312 5.5 39.1 7.7 26.5 -1.2 15.6 0.0 219.5 104.2
City Union Bank [1] 136.8 13.2 10.4 1.3 202312 10.0 16.2 13.0 5.4 -0.5 0.0 0.0 167.7 119.5 Ingersoll-Rand 3646.7 71.5 51.0 18.6 202312 3.1 14.8 13.7 55.9 -3.5 43.3 0.0 3862.3 2286.6 Star Health Insu 549.4 13.7 40.0 4.8 202312 14.9 37.6 13.5 85.0 0.6 13.3 0.1 675.0 477.0
Clean Science [1] 1374.5 23.9 57.4 13.4 202312 -18.0 -25.3 -15.5 -8.2 -1.9 44.5 0.0 1622.4 1227.5 Intellect Design [5] 1090.1 24.8 44.0 6.7 202312 16.0 35.9 18.0 24.7 -2.1 18.9 0.0 1134.4 388.0 Sterling & Wils. [1] 584.0 -27.1 12.4 202312 43.2 -162.9 -35.1 28.2 -2.3 0.0 3.6 647.0 253.5
Coal India 458.6 47.7 9.6 4.1 202312 1.8 16.9 7.2 0.2 2.7 29.5 0.1 487.8 207.7 Interglobe Aviat 3101.6 186.5 16.6 -40.9 202312 30.3 110.7 35.1 347.6 -1.8 0.0 0.0 3301.4 1810.5
Sterlite Tech. [2] 133.3 2.7 49.7 2.5 202312 -29.8 -163.6 -5.2 -37.1 -5.0 11.0 1.8 179.0 128.5
Cochin Shipyard [5] 866.6 19.8 43.7 4.9 202312 64.6 121.4 5.6 -3.9 -0.8 8.0 0.1 944.7 205.5 Ipca Labs. [1] 1186.6 20.2 58.8 4.9 202312 32.8 18.3 19.3 -2.5 -0.5 11.6 0.2 1264.0 670.0
Sumitomo Chemi. 360.3 6.7 54.2 7.1 202312 -28.0 -39.5 -20.0 -34.2 -3.9 29.9 0.0 458.7 358.4
Coforge 6254.5 119.1 52.5 11.6 202312 13.0 4.3 18.5 -6.4 -3.8 27.5 0.2 6840.0 3565.2 IRB Infra.Devl. [1] 61.3 0.9 67.7 2.7 202312 30.0 32.6 12.1 -28.4 -4.1 6.4 1.3 72.0 22.6
Sun Pharma.Inds. [1] 1606.7 39.1 41.1 6.4 202312 9.5 19.3 11.3 17.3 3.1 16.8 0.1 1619.9 922.6
Colgate-Palmoliv [1] 2579.0 46.9 55.0 39.8 202312 8.2 35.7 7.1 20.2 1.8 77.6 0.0 2620.0 1476.7 Ircon Intl. [2] 223.6 10.0 22.4 3.8 202312 22.9 28.8 29.7 25.1 -1.8 13.0 0.3 280.9 51.6
Sun TV Network [5] 622.1 48.0 13.0 2.4 202312 4.1 6.8 9.8 8.9 1.4 26.0 0.0 734.9 394.0
Container Corpn. [5] 963.6 20.1 48.0 5.1 202312 10.3 12.4 5.8 6.0 -1.5 13.7 0.1 1035.5 555.0 ITC [1] 413.4 16.4 25.2 7.5 202312 1.6 6.7 1.0 12.4 0.9 39.0 0.0 499.6 369.7
Sundram Fasten. [1] 1038.2 24.5 42.4 6.8 202312 -2.6 9.9 1.7 8.3 -4.9 19.5 0.3 1334.2 951.5
Coromandel Inter [1] 1114.3 58.7 19.0 3.6 202312 -34.2 -56.2 -16.8 -15.9 2.6 38.2 0.1 1288.0 842.0 ITI 280.6 -4.2 12.7 202312 1.0 -215.6 -18.4 -689.5 -4.1 0.0 0.7 384.4 86.5
Sunteck Realty [1] 457.2 -4.0 2.4 202312 -52.5 -570.0 -60.1 -333.1 -2.4 2.6 0.3 511.7 271.3
Craftsman Auto [5] 4131.0 151.4 27.3 5.7 202312 50.8 41.7 51.3 43.9 -3.5 20.8 0.8 5510.0 2699.4
CreditAcc. Gram. 1395.5 84.5 16.5 3.8 202312 42.3 66.5 44.6 97.0 -5.7 12.1 3.2 1794.4 876.1 J ......................................................................................................................................................................................................
Supreme Inds. [2]
Supreme Petroch. [2]
3897.9 84.6 46.1
674.8 19.9 33.9
10.8
6.8
202312
202312
6.0
0.5
22.0
-24.7
6.2
-6.0
29.5
-33.6
-5.7
-6.7
26.7 0.0 4883.8 2430.5
39.3 0.0 782.8 352.1
CRISIL [1] 4933.3 90.1 54.8 16.5 202312 11.6 33.0 13.4 16.7 0.6 40.4 0.1 5250.0 2974.0 J B Chem & Pharm [1] 1588.2 33.1 47.9 9.1 202312 6.5 25.9 12.4 26.3 3.6 22.4 0.1 1935.0 914.7
J K Cements 4258.5 90.0 47.3 6.8 202312 20.5 627.9 20.9 35.0 -5.4 9.7 1.0 4565.4 2738.4 Suven Pharma [1] 663.6 14.6 45.5 8.7 202312 -37.9 -56.6 -12.5 -2.1 -3.8 33.2 0.1 767.0 375.0
Crompton Gr. Con [2] 290.7 6.7 43.1 6.8 202312 11.6 0.9 7.8 -17.4 -1.7 17.9 0.5 327.8 251.3
Jamna Auto Inds. [1] 130.2 5.1 25.6 6.2 202312 2.2 33.6 4.5 17.6 0.1 26.5 0.2 139.8 94.2 Suzlon Energy [2] 40.5 0.3 117.6 16.1 202312 7.2 159.1 -10.3 865.1 -8.7 4.7 0.0 50.7 7.0
CSB Bank 369.0 33.0 11.2 1.9 202312 28.7 -3.8 25.7 9.6 5.0 0.0 0.0 422.0 218.0
JBM Auto [2] 1900.1 12.8 148.6 21.1 202312 41.2 41.7 15.7 -16.9 -11.5 11.7 1.6 2417.3 569.3 Swan Energy [1] 686.1 8.8 77.6 3.7 202312 1474.4 583.1 457.0 557.5 -10.1 0.0 2.6 782.6 193.0
Cummins India [2] 2784.5 55.3 50.4 12.7 202312 16.8 20.9 17.5 38.5 2.2 26.9 0.1 2828.4 1481.1
Jindal Saw [2] 465.9 47.7 9.8 1.7 202312 9.7 147.9 24.4 268.3 -5.0 10.1 0.7 558.3 135.6 Symphony [2] 882.7 17.1 51.8 8.9 202312 -10.8 5.1 -10.4 -28.3 -1.6 14.7 0.3 1185.0 825.3
Cyient [5] 1985.4 64.8 30.6 5.5 202312 12.6 12.9 29.2 37.3 -2.5 17.6 0.3 2457.0 910.6
Jindal Stain. [2] 691.2 35.2 19.6 4.3 202312 0.7 39.2 9.0 30.3 6.2 20.2 0.4 707.7 255.0 Syngene Intl. 690.8 12.7 54.6 7.1 202312 8.6 4.4 20.6 17.4 -2.0 13.6 0.3 860.2 568.1
D ..................................................................................................................................................................................................... Jindal Steel [1] 839.0 54.4 15.4 2.1 202312 -6.0 174.2 -5.9 32.8 2.0 14.2 0.4 851.0 503.0
T ......................................................................................................................................................................................................
Dabur India [1] 534.7 10.1 52.8 10.0 202312 7.0 8.0 7.9 1.7 -1.1 23.3 0.1 596.9 504.0 Jindal Worldwide [1] 386.4 3.7 104.7 11.5 202312 8.4 42.5 -20.4 -40.2 -10.4 15.7 1.2 439.8 268.0
JK Lakshmi Cem. [5] 892.9 35.6 25.1 3.6 202312 9.0 80.3 11.0 -7.2 -5.1 13.6 0.7 998.4 608.1 T N Merc. Bank 483.8 67.7 7.1 1.0 202312 21.4 1.6 16.7 6.9 -0.1 0.0 0.0 611.0 396.1
Dalmia BharatLtd [2] 1960.3 64.8 30.2 2.3 202312 7.3 31.5 9.8 70.6 -4.5 7.9 0.2 2428.9 1708.3
Data Pattern [2] 2697.8 29.6 91.0 12.6 202312 24.8 53.0 19.1 27.4 1.6 18.0 0.0 3078.0 1262.3 JK Paper 371.9 66.5 5.6 1.4 202312 3.8 -28.6 10.0 1.5 0.5 28.1 0.8 452.0 306.6 Tanla Platforms [1] 954.7 40.0 23.8 7.3 202312 15.3 20.3 11.3 15.0 -2.1 37.8 0.1 1317.7 506.1
DCM Shriram [2] 946.6 33.1 28.6 2.4 202312 -5.7 -29.7 -3.8 -54.2 -1.5 18.9 0.3 1175.0 730.1 JM Financial [1] 87.9 7.3 12.1 1.0 202312 39.4 46.0 29.7 -3.2 -11.6 9.4 1.9 115.0 57.4 Tata Chemicals 1314.9 68.2 19.3 1.6 202312 -10.1 -60.3 3.1 -16.7 35.9 11.5 0.4 1349.7 922.2
Deepak Fertiliz. 513.0 38.2 13.4 1.3 202312 -32.7 -76.9 -10.8 -60.9 0.8 25.9 0.7 715.0 484.0 JSW Energy 515.1 10.0 51.5 4.3 202312 13.1 28.8 12.8 -17.1 2.2 7.2 0.9 537.9 220.7 Tata Comm 2010.7 32.2 62.4 39.4 202312 24.4 -102.2 13.2 -48.5 5.4 15.6 7.2 2037.0 1157.1
Deepak Nitrite [2] 2207.0 58.0 38.1 6.9 202312 0.9 -3.3 -4.6 -10.7 -0.6 29.8 0.1 2520.0 1764.5 JSW Steel [1] 829.8 44.2 18.8 2.8 202312 6.9 392.9 6.1 196.1 -0.7 8.6 1.2 895.6 649.8 Tata Consumer [1] 1261.0 13.5 93.4 7.5 202312 9.5 17.6 11.7 23.4 5.1 9.7 0.1 1269.6 685.0
Delhivery [1] 459.4 -4.6 3.7 202312 20.3 -92.0 6.6 65.4 -1.3 0.0 0.1 488.1 314.1 Jubilant Food. [2] 453.4 3.3 135.7 14.3 202312 3.5 -18.2 5.7 -47.7 -2.1 16.0 1.2 586.4 412.2 Tata Elxsi 7689.8 128.0 60.1 22.8 202312 11.8 6.0 16.6 11.7 -0.6 46.6 0.1 9191.1 5883.1
Delta Corp [1] 136.6 8.3 16.4 1.6 202312 -15.2 -59.3 -1.0 -15.3 -1.4 16.2 0.0 260.0 124.6 Jubilant Ingrev. [1] 473.6 12.9 36.6 2.8 202312 -16.7 -57.9 -14.7 -36.4 -0.9 15.6 0.1 524.5 350.8 Tata Inv.Corpn. 9744.4 68.1 143.0 2.1 202312 34.2 54.2 19.5 37.0 27.6 1.4 0.0 9744.4 1735.0
Devyani Intl. [1] 155.6 1.3 118.4 18.1 202312 6.6 -87.9 15.2 -47.2 0.7 13.5 1.7 227.8 134.1 Jubilant Pharmo [1] 590.2 2.4 248.7 1.7 202312 8.6 328.2 8.0 -37.7 2.9 3.1 0.6 627.0 268.8 Tata Motors [2] 1039.4 60.7 17.1 6.5 202312 25.1 140.0 33.3 485.1 6.4 5.3 3.1 1065.6 400.4
Divi's Lab. [2] 3600.2 52.1 69.1 7.5 202312 8.6 17.0 -10.1 -42.3 3.5 19.3 0.0 4072.4 2730.0 Jupiter Wagons 369.9 6.4 57.4 10.5 202312 39.0 82.7 88.5 178.5 0.7 23.9 0.3 434.0 85.4 Tata Power Co. [1] 425.0 10.6 40.0 4.5 202312 3.7 0.8 6.3 -7.5 12.6 10.9 2.0 433.2 182.5
Dixon Technolog. [2] 7142.1 59.0 121.0 29.5 202312 100.4 85.8 33.3 48.5 1.9 23.6 0.5 7235.7 2755.2 Just Dial 878.9 38.9 22.6 2.0 202312 19.7 22.2 29.0 227.0 -4.8 1.7 0.0 960.5 565.2 Tata Steel [1] 157.3 2.0 79.7 2.2 202312 -3.6 -56.5 -6.9 -86.4 4.8 12.1 0.7 159.2 101.7
DLF [2] 920.2 9.6 95.9 6.0 202312 1.8 26.5 -0.7 27.0 1.2 4.5 0.1 944.0 336.6 Jyothy Labs [1] 429.5 9.5 45.0 9.6 202312 10.6 34.9 12.3 64.7 -5.2 18.6 0.1 554.0 180.3 Tata Tele. Mah. 89.9 -6.1 -0.9 202312 5.0 -210.0 4.5 -4.8 3.4 0.0 0.0 109.1 49.8
Dr Lal Pathlabs 2178.2 39.5 55.1 10.3 202312 10.1 54.0 8.0 35.5 -6.5 18.5 0.3 2766.9 1762.7 TCI Express [2] 1059.6 36.1 29.3 6.2 202312 -0.8 0.5 4.1 1.3 -6.8 32.7 0.0 1699.0 1049.0
Dr Reddy's Labs [5] 6323.3 313.4 20.2 4.1 202312 6.6 11.0 14.3 43.5 2.0 26.0 0.1 6505.5 4310.0 K ..................................................................................................................................................................................................... TCS [1] 4110.1 126.0 32.6 14.8 202312 4.0 8.6 10.1 12.0 0.3 58.0 0.1 4184.6 3070.3
K E C Intl. [2] 702.4 10.4 67.6 4.7 202312 14.4 450.4 20.2 23.8 -1.7 11.8 0.9 739.0 443.3 Tech Mahindra [5] 1288.9 28.8 44.7 4.8 202312 -4.6 -60.6 2.2 -46.1 1.4 20.2 0.1 1416.0 983.0
E ...................................................................................................................................................................................................... K P R Mill Ltd [1] 795.0 23.4 33.9 6.7 202312 -13.1 7.2 11.1 -2.8 2.6 24.5 0.4 927.4 536.0 Tejas Networks 765.5 -5.6 4.4 202312 104.0 -396.2 93.3 -27.8 2.3 0.0 0.0 939.9 562.1
Easy Trip Plann. [1] 47.4 0.8 56.0 14.2 202312 18.1 9.5 38.2 18.7 -3.1 50.9 0.2 54.0 37.0 Kajaria Ceramics [1] 1232.0 27.1 45.5 7.8 202312 5.6 40.2 6.2 28.7 -3.3 19.8 0.1 1522.0 1006.4 The Ramco Cement [1] 810.3 16.2 50.2 2.7 202312 6.0 63.8 28.4 35.3 -3.7 6.5 0.6 1057.9 701.5
eClerx Services 2434.4 105.0 23.2 6.1 202312 9.6 6.7 12.0 8.4 -2.6 36.0 0.1 2825.0 1272.0 Kalpataru Proj. [2] 1054.5 27.9 37.8 3.5 202312 22.3 19.5 18.7 12.7 8.4 12.3 0.9 1071.2 485.0 Thermax [2] 3646.0 45.9 79.4 10.9 202312 13.4 12.2 14.2 37.9 0.5 14.5 0.2 3890.0 2122.5
Eicher Motors [1] 3784.7 140.1 27.0 6.5 202312 12.3 34.4 16.2 46.5 -1.5 26.5 0.0 4201.7 2836.0 Kalyan Jewellers 409.5 5.4 76.5 11.0 202312 34.5 21.5 28.4 26.7 2.6 12.2 1.2 419.0 101.0 Timken India 2597.4 47.2 55.0 8.9 202312 0.5 -4.3 5.3 -12.8 -4.0 27.0 0.0 3576.0 2572.0
EID Parry [1] 608.9 48.4 12.6 1.6 202312 -21.6 -52.9 -9.8 -17.4 -2.3 39.9 0.3 663.8 433.3 Kama Holdings 2679.6 234.0 11.5 1.4 202312 -12.2 -52.4 -9.8 -40.9 1.7 34.3 0.8 3500.0 2350.0 Titan Company [1] 3787.5 38.9 97.4 27.1 202312 25.0 16.5 24.4 12.5 0.6 24.8 0.8 3885.0 2320.0
EIH [2] 424.6 8.8 48.2 7.6 202312 26.4 62.0 43.0 139.0 4.5 15.8 0.1 485.5 150.5 Kansai Nerolac [1] 284.1 8.1 35.0 4.3 202312 5.0 40.3 5.7 62.1 -2.1 14.3 0.0 355.0 247.5 Torrent Pharma. [5] 2663.4 42.3 62.9 13.4 202312 9.4 30.6 13.2 15.2 -0.1 19.5 0.8 2745.6 1486.0
Elgi Equipments [1] 698.5 12.8 54.6 15.1 202312 6.4 4.8 8.7 48.2 2.4 24.2 0.4 714.5 416.5 Kaynes Tech 3110.5 22.4 138.6 8.2 202312 76.2 97.6 53.2 94.4 5.6 21.5 0.3 3248.0 885.2 Torrent Power 1143.7 38.5 29.7 4.6 202312 -1.2 -47.4 14.1 -20.9 2.4 17.7 0.9 1235.1 485.0
Emami [1] 450.4 16.5 27.4 8.2 202312 1.4 11.3 5.5 -15.3 -1.1 27.9 0.1 588.7 341.0 KEI Industries [2] 3394.4 61.0 55.7 10.7 202312 15.5 17.2 14.7 20.9 5.8 25.7 0.1 3442.0 1553.6 Trent [1] 3951.3 23.4 168.8 48.2 202312 77.5 302.5 66.1 122.6 1.3 11.4 1.9 4098.0 1287.4
Endurance Tech. 1820.1 43.1 42.2 5.6 202312 22.2 40.7 13.2 24.6 -0.5 13.7 0.1 2308.0 1171.6 KIOCL 448.7 0.7 652.2 14.2 202312 90.9 15.2 13.8 197.4 -7.3 -4.4 0.2 576.6 165.2 Trident [1] 40.6 0.8 48.8 5.0 202312 11.8 -24.6 1.1 -14.0 -3.9 11.9 0.4 52.9 25.1
Engineers India [5] 225.7 9.3 24.4 5.9 202312 3.0 293.0 2.7 121.0 4.6 23.7 0.0 273.8 70.4 KNR Construct. [2] 277.2 20.3 13.6 2.6 202312 13.8 90.9 8.7 36.9 1.8 22.8 0.4 305.3 226.2 Triveni Turbine [1] 484.8 7.8 62.0 17.4 202312 32.5 29.7 40.5 46.2 -1.4 31.5 0.0 519.9 292.3
EPL Ltd [2] 184.8 8.6 21.4 2.9 202312 3.2 37.1 7.0 43.4 -2.8 12.1 0.4 236.0 152.2 Kotak Mah. Bank [5] 1748.2 87.7 19.9 2.9 202312 31.6 6.8 36.0 22.4 1.2 0.0 0.0 2063.0 1644.2 TTK Prestige [1] 721.1 16.5 43.6 5.1 202312 6.3 8.5 -6.9 -16.6 -3.2 18.2 0.1 832.0 652.1
Equitas Sma. Fin 96.9 6.9 14.1 2.0 202312 34.4 18.7 33.2 55.3 -4.5 0.0 0.0 116.5 61.3 KPIT Technologi. 1495.0 19.7 75.9 22.0 202312 37.1 50.3 52.4 54.2 -5.3 27.0 0.2 1764.0 740.8 Tube Investments [1] 3500.1 32.8 106.8 15.3 202312 15.3 -109.8 11.5 -20.2 -5.9 33.1 0.2 4120.8 2432.0
ERIS Lifescience [1] 905.5 28.4 31.9 5.1 202312 15.7 0.9 17.5 -2.7 2.2 16.7 0.2 971.0 550.9 KRBL [1] 298.7 26.2 11.4 1.5 202312 -6.4 -34.9 5.4 -13.3 -4.8 20.8 0.1 471.0 296.3 TV18 Broadcast [2] 52.8 0.2 236.3 0.5 202312 -5.2 -129.5 34.2 -82.9 -7.7 3.3 0.6 68.6 27.4
Esab India 5020.0 104.3 48.1 24.9 202312 12.7 4.5 14.4 39.5 -1.0 69.8 0.0 6542.7 3221.4 Krishna Institu. 2096.7 42.2 49.7 9.3 202312 7.8 -5.4 22.4 8.2 -5.3 25.9 0.3 2357.0 1284.0 TVS Motor Co. [1] 2260.1 34.4 65.7 17.0 202312 25.4 58.9 21.6 28.5 0.8 13.6 3.9 2313.9 1019.9
Escorts Kubota 2847.5 91.7 31.0 3.7 202312 2.2 57.1 10.7 56.8 -1.8 10.6 0.0 3435.2 1810.0 KSB 3810.0 60.0 63.5 10.2 202312 14.9 -1.8 23.3 14.2 0.6 22.3 0.0 4211.2 1922.8
Eureka Forbes 439.9 5.2 84.3 2.0 202312 13.9 55.1 10.0 193.3 -3.4 2.1 0.1 598.8 355.0
L ......................................................................................................................................................................................................
U .....................................................................................................................................................................................................

Exide Inds. [1] 328.1 10.3 32.0 2.2 202312 12.5 0.8 9.0 10.5 1.2 10.6 0.1 354.0 170.5 UCO Bank 57.6 1.4 40.7 2.9 202312 20.0 -22.8 27.7 6.8 -0.9 0.0 0.0 70.7 22.3
L&T Fin.Holdings 161.8 9.1 17.8 1.8 202312 3.0 130.8 5.4 96.8 -5.2 7.6 4.1 179.0 79.0 Ujjivan Small 51.8 6.4 8.0 2.2 202312 36.0 2.3 40.4 37.6 -2.4 0.0 0.0 63.0 22.8
F ...................................................................................................................................................................................................... L&T Technology [2] 5302.9 123.2 43.0 11.7 202312 12.3 13.3 15.6 14.9 0.3 33.4 0.1 5675.0 3281.1 UltraTech Cem. 9672.6 222.1 43.5 5.0 202312 7.9 67.9 14.6 9.5 -4.5 12.8 0.2 10522.7 6991.4
FDC [1] 448.7 17.8 25.2 3.7 202312 11.9 94.4 13.4 66.7 1.1 13.0 0.0 487.5 245.0 La Opala RG [2] 336.5 12.0 28.0 4.5 202312 -15.2 27.5 -9.6 13.3 -0.3 22.3 0.0 479.7 326.4 Union Bank (I) 157.4 17.4 9.0 1.3 202312 21.7 60.2 26.3 83.0 7.3 0.0 0.0 161.9 60.3
Federal Bank [2] 156.3 15.9 9.9 1.4 202312 29.5 22.8 34.9 38.1 2.4 0.0 0.0 166.7 120.9 Lak. Mach. Works 14684.7 376.1 39.0 6.2 202312 -0.6 -12.6 13.9 7.8 -0.8 20.4 0.0 15501.0 9031.0 United Breweries [1] 1697.4 12.8 132.5 11.2 202312 13.1 174.0 4.2 -31.0 0.0 10.6 0.0 1913.5 1342.3
Fine Organic [5] 4237.9 145.7 29.1 7.6 202312 -35.7 -11.3 -28.6 -24.3 -1.7 65.3 0.0 5160.0 4030.7 Larsen & Toubro [2] 3676.7 92.0 40.0 6.5 202312 18.8 19.3 19.4 26.2 1.2 12.6 1.4 3738.9 2108.0 United Spirits [2] 1147.9 17.5 65.7 12.3 202312 8.0 -3.5 3.7 5.9 -1.6 17.4 0.1 1182.9 734.4
Finolex Cables [2] 906.8 41.9 21.6 3.0 202312 6.2 -2.2 8.9 15.7 -0.9 15.6 0.0 1219.1 741.1 Latent View [1] 494.5 7.2 69.0 8.0 202312 14.0 -11.3 18.4 -5.8 -4.2 16.8 0.0 544.5 311.1
Uno Minda [2] 650.4 13.5 48.2 8.4 202312 20.8 19.4 22.0 25.8 -1.5 18.7 0.3 726.9 433.0
Finolex Inds. [2] 231.1 7.7 30.2 2.6 202312 -9.3 19.9 -12.9 65.8 3.6 6.4 0.1 259.9 158.0 Laurus Labs [2] 422.1 3.5 121.1 5.7 202312 -22.6 -88.6 -18.1 -79.5 3.1 21.8 0.5 444.5 279.7
UPL [2] 482.3 -6.9 1.3 202312 -27.7 -208.9 -13.8 -111.8 1.7 15.2 0.9 760.5 452.4
Firstsour.Solu. 197.7 7.4 26.6 3.8 202312 6.1 -18.5 4.5 3.5 -3.8 14.9 0.5 221.4 103.6 Laxmi Organic [2] 250.3 3.7 68.5 4.0 202312 6.1 -0.1 -4.6 -40.9 -2.0 11.5 0.2 320.7 220.7
Usha Martin [1] 308.1 13.9 22.2 4.4 202312 -4.4 28.1 2.3 29.8 -4.3 20.7 0.2 379.7 183.6
Five-Star Bus.Fi [1] 665.2 26.3 25.3 4.1 202312 46.8 43.5 41.9 39.1 -5.6 14.4 0.9 875.4 494.0 Lemon Tree Hotel 139.4 1.6 88.0 12.8 202312 23.6 -11.4 33.6 173.0 -1.3 11.5 2.6 147.2 72.9
UTI AMC 890.3 54.1 16.5 2.9 202312 52.1 207.2 22.4 69.8 -1.2 15.9 0.0 965.0 609.5
Fortis Health. 397.3 7.1 56.1 3.9 202312 7.7 6.8 11.9 13.1 -0.7 7.5 0.2 469.5 245.4 LIC Housing Fin. [2] 637.6 88.5 7.2 1.2 202312 15.5 152.6 23.8 73.0 -1.7 7.6 9.0 671.8 315.5
FSN E-Commerce [1] 156.5 0.1 1609.8 32.1 202312 22.3 97.7 25.0 9.2 -0.6 5.1 0.5 195.4 114.3 Life Insurance
Linde India
1025.5 62.6 16.4
5579.1 50.2 111.2
10.5
14.7
202312 -11.5
202312 1.3
-40.3
9.1
-2.7
10.5
107.6
-2.5
-0.4
0.8
1.0
16.3
0.0 1175.0
0.0 6886.0
530.2
3617.6
V ......................................................................................................................................................................................................

V I P Inds. [2] 529.8 6.9 76.3 10.5 202312 3.8 -83.8 9.6 -37.9 -4.9 27.4 0.5 722.7 513.3
G ..................................................................................................................................................................................................... Lloyds Metals [1]
LTIMindtree [1]
592.4 24.4 24.2
5120.6 155.2 33.0
13.7
8.4
202312 91.1
202312 4.6
44.1
16.8
105.1
22.6
62.5
16.9
0.8
-2.9
0.0
34.9
0.1 687.9
0.0 6442.7
275.0
4130.3 Vaibhav Global [2] 422.8 8.0 52.8 5.7 202312 22.8 28.8 9.7 18.9 -1.3 11.1 0.2 543.1 268.6
GNFC 630.7 47.8 13.2 1.1 202312 -21.9 -70.2 -24.6 -60.5 -0.2 20.4 0.0 814.9 484.5 Vardhman Textile [2] 441.9 20.4 21.7 1.5 202312 -1.7 56.5 -8.0 -38.5 2.9 11.6 0.2 456.0 270.0
G R Infraproject [5] 1255.5 119.9 10.5 1.8 202312 -2.6 -25.0 -4.9 -13.6 2.4 21.7 1.0 1381.6 930.0 Lupin [2] 1669.7 39.3 42.5 5.8 202312 19.7 299.5 20.8 653.0 2.8 5.7 0.4 1701.0 628.1
Varroc Engineer [1] 491.4 34.7 14.2 7.3 202312 9.4 1775.9 6.3 1552.5 -3.3 0.0 1.2 631.0 239.8
G S F C [2]
GAIL (India)
216.6
188.6
19.2
12.3
11.3
15.4
0.7
1.7
202312
202312
-42.3
-3.3
-71.2
672.1
-13.1
-4.4
-42.4
-4.4
-1.5
2.3
12.7
9.0
0.0
0.2
322.5
196.4
116.1
102.1
M .................................................................................................................................................................................................... Varun Beverages [5] 1422.4 15.8 89.9 26.6 202312 20.5 76.5 21.8 37.3 0.3 26.4 0.8 1560.3 633.3
M & M [5] 1896.3 89.5 21.2 3.9 202312 15.0 16.1 17.8 27.8 -3.9 13.7 1.6 1982.0 1124.0 Vedant Fashions [1] 965.7 16.8 57.6 17.7 202312 7.5 4.9 2.8 -0.4 -5.5 36.3 0.2 1481.4 932.5
Galaxy Surfact. 2482.5 88.7 28.0 4.3 202312 -13.3 -32.8 -15.2 -19.1 1.4 23.4 0.2 2989.4 2217.5 Vedanta [1] 282.8 10.9 25.8 3.3 202312 3.8 7.4 -2.3 -71.0 4.1 19.9 1.2 301.0 207.9
Garware Tech. 3301.9 97.3 33.9 6.0 202312 5.4 18.3 1.7 19.2 -6.0 21.1 0.1 3830.1 2587.0 M & M Fin. Serv. [2] 287.0 15.7 18.2 1.9 202312 23.4 -5.9 23.8 -5.5 -0.2 8.8 4.1 346.4 215.7
MRPL 233.4 24.9 9.4 3.4 202312 -7.1 98.6 -16.4 15.8 1.7 19.7 2.2 289.3 49.8 V-Guard Industri [1] 344.7 5.4 63.9 8.9 202312 18.6 48.3 15.0 3.6 1.9 14.9 0.2 350.0 238.2
GE Shipping Co 1007.6 170.2 5.9 1.3 202312 -12.4 -14.2 1.2 23.6 0.8 21.3 0.5 1051.5 568.1 Vinati Organics [1] 1626.7 33.9 48.0 7.2 202312 -13.3 -28.1 -11.1 -18.2 -1.1 30.3 0.0 2029.5 1578.5
General Insuranc [5] 367.1 39.0 9.4 1.4 202312 -10.1 16.8 -7.6 11.8 -5.2 14.5 0.0 467.0 127.8 Macrotech Devel. 1171.9 17.7 66.1 9.0 202312 65.2 44.6 -1.1 21.8 -0.1 8.8 0.9 1234.3 390.3
Mah. Scooters 7408.1 175.0 42.3 0.3 202312 -14.7 -66.8 4.3 2.0 -1.4 0.9 0.0 8600.0 4051.1 V-Mart Retail 1913.4 -47.9 5.0 202312 14.4 41.4 16.4 -457.7 -1.2 5.1 1.3 2441.9 1591.0
Gillette India 6512.6 120.0 54.3 20.6 202312 3.4 39.6 8.0 31.2 -0.9 47.0 0.0 7318.1 4140.0 Vodafone Idea 14.3 -6.3 -0.8 202312 0.6 -196.9 1.5 -4.4 0.4 0.0 0.0 18.4 5.7
Gland Pharma [1] 1764.8 42.1 41.9 3.5 202312 64.7 -17.3 24.6 -29.8 -1.2 14.0 0.0 2195.8 861.5 Mahanagar Gas 1316.0 130.9 10.1 2.8 202312 -6.1 84.3 8.9 98.0 -12.1 26.6 0.0 1579.0 909.1
Mahindra Holiday 404.4 4.4 91.2 -16.5 202312 5.4 -2.1 11.4 19.5 -1.4 4.5 0.0 469.8 256.4 Voltas [1] 1082.3 8.4 128.1 6.3 202312 31.8 -1107.0 22.6 -19.7 -0.2 9.5 0.1 1139.0 745.0
Glaxosmi. Pharma 2050.6 37.9 54.2 22.6 202312 0.4 3.0 1.1 47.4 -4.5 33.9 0.0 2650.0 1228.0
Mahindra Life. 579.2 1.8 329.1 5.1 202312 -56.1 12395.0 -11.7 -67.1 -1.5 2.1 0.2 632.8 316.1 VST Industries 3676.9 182.7 20.1 5.1 202312 4.8 -32.0 4.1 -18.4 -1.4 37.3 0.0 4328.5 3068.6
Glenmark Pharma [1] 954.5 2.2 434.1 2.9 202312 -19.7 -364.9 1.6 -92.3 3.7 14.3 0.5 964.0 414.5
Manappuram Fin. [2] 172.5 24.1 7.2 1.4 202312 34.4 46.1 29.2 51.9 -4.1 11.8 3.0 199.0 102.0
Global Health [2]
GMM Pfaudler [2]
1253.4
1311.6
16.8
43.7
74.5
30.0
12.7
6.3
202312
202312
19.9
8.0
53.4
4.9
25.5
18.6
86.3
26.0
-3.5
-1.0
16.5
18.9
0.6
1.2
1513.8
1896.8
465.7
1295.3 Mankind Pharma [1] 2154.6 43.1 50.0 10.2 202312 24.7 59.7 18.1 45.6 0.3 23.1 0.1 2297.0 1240.8 W ....................................................................................................................................................................................................

GMR Airports Inf [1] 84.5 -1.3 -50.9 202312 26.4 -455.8 35.1 -54.0 -1.2 0.0 0.0 94.3 37.3 Marico [1] 514.6 11.3 45.5 15.8 202312 -1.9 16.8 -0.7 17.1 -2.0 42.1 0.2 595.0 463.0 Welspun Corp [5] 547.4 41.2 13.3 2.8 202312 97.7 1155.9 120.8 421.0 2.7 6.4 0.5 625.0 186.0
Godfrey Phillips [2] 3304.5 156.9 21.1 4.5 202312 36.0 6.6 21.7 26.1 11.5 21.4 0.1 3333.0 1605.1 Maruti Suzuki [5] 11502.9 387.7 29.7 4.6 202312 14.3 33.3 20.4 64.0 -0.9 13.9 0.0 11725.0 8127.1 Welspun Living [1] 147.3 6.8 21.7 3.4 202312 29.0 317.1 13.4 425.7 -5.3 5.9 0.7 171.7 62.2
Godrej Agrovet 515.6 17.4 29.7 4.2 202312 0.8 -21.1 1.7 -15.2 -2.2 10.6 0.7 581.6 391.2 MAS FINANC SER 293.4 14.5 20.2 2.9 202312 30.1 24.0 36.1 23.6 -11.6 11.5 3.7 387.7 226.7 Westlife Food [2] 762.3 5.7 134.3 21.1 202312 -2.7 -52.6 9.3 -17.1 4.5 14.7 2.2 1024.6 655.6
Godrej Consumer [1] 1233.7 18.3 67.4 8.7 202312 1.5 6.1 6.7 13.1 -2.7 16.4 0.1 1299.9 895.0 Mastek [5] 2837.7 92.3 30.7 4.9 202312 19.1 17.4 22.5 -0.6 -3.7 23.0 0.2 3147.0 1475.5 Whirlpool India 1262.2 15.9 79.2 4.5 202312 17.9 13.4 1.0 -15.8 1.8 8.2 0.0 1733.0 1186.9
Godrej Industrie [1] 816.5 20.0 40.9 3.3 202312 -6.6 -66.2 3.4 -26.6 0.7 9.7 2.3 911.2 395.2 Max Financial [2] 977.8 12.5 78.5 9.0 202312 38.9 -34.0 36.7 -4.5 1.0 10.4 0.1 1069.2 599.3 Wipro [2] 515.9 21.6 23.9 3.9 202312 -4.4 -11.7 2.9 -0.7 -0.6 17.1 0.3 546.1 351.9
Godrej Propert. [5] 2464.9 24.0 102.9 7.3 202312 68.4 6.0 68.1 58.7 1.5 5.6 0.7 2541.0 1005.7 Max Healthcare 749.7 10.9 68.9 9.3 202312 16.9 30.1 21.4 8.3 1.8 13.9 0.1 909.0 412.0
Granules India [1] 458.1 16.3 28.1 3.7 202312 0.8 1.1 4.1 -22.2 -1.3 19.3 0.4 480.5 267.9 Mazagon Dock 2085.1 79.3 26.3 7.8 202312 30.1 77.0 18.1 68.1 -0.7 28.5 0.0 2490.0 612.8 Y ......................................................................................................................................................................................................

Graphite India [2] 638.5 2.5 250.9 2.2 202312 -1.6 -69.0 -5.9 -83.3 6.1 7.2 0.1 646.0 251.8 Medplus Health [2] 696.4 4.9 141.9 5.5 202312 21.1 2.4 26.2 68.0 0.0 5.6 0.6 977.5 598.0 Yes Bank [2] 23.9 0.4 67.1 1.7 202312 19.0 340.5 23.0 13.6 -4.1 0.0 0.0 32.8 14.1
Grasim Inds [2] 2227.8 99.7 22.4 1.8 202312 16.3 42.1 14.3 -8.1 -1.2 9.0 1.2 2267.1 1521.9 Metro Brands [5] 1132.8 12.0 94.5 18.4 202312 6.1 -12.6 16.7 -9.9 -1.2 24.8 0.6 1440.5 764.4
Grindwell Norton [5] 2034.2 35.3 57.7 12.2 202312 9.3 15.3 9.0 10.8 -3.6 28.3 0.0 2494.6 1717.5 Metropolis Healt [2] 1632.4 24.4 67.0 8.0 202312 2.0 -24.1 -1.1 -16.6 -4.7 17.2 0.3 1828.7 1176.1 Z ......................................................................................................................................................................................................

Guj Pipavav Port 206.9 7.8 26.4 4.3 202312 8.2 22.1 7.7 21.8 -3.3 17.5 0.0 218.7 104.9 Minda Corp [2] 416.2 11.6 35.7 5.3 202312 9.1 0.4 8.1 16.8 -2.0 16.2 0.4 449.0 187.0 Zee Entertainment [1] 160.6 2.3 70.9 1.4 202312 -3.0 -58.9 3.4 -71.2 3.4 7.8 0.0 299.5 150.0
Guj. Ambuja Exp [1] 390.0 14.1 27.6 3.5 202312 15.2 22.9 5.8 -21.8 -2.7 17.8 0.1 420.8 228.0 Mishra Dhatu Nig 420.1 6.0 70.4 6.0 202312 2.8 -66.9 16.7 -34.7 -0.3 10.7 0.3 547.5 172.8 Zensar Tech. [2] 592.1 27.0 22.0 4.1 202312 0.5 111.4 2.0 80.6 8.6 14.6 0.1 644.0 258.9
Guj.St.Petronet 364.5 27.6 13.2 2.1 202312 9.8 9.9 -9.6 -9.1 -0.5 34.2 0.1 407.3 254.8 MMTC [1] 75.6 0.6 119.5 7.8 202312 -99.9 -41.8 -86.0 -79.3 -3.1 22.6 2.2 102.0 26.4 ZF Commercial [5] 14320.7 214.8 66.7 10.5 202312 2.6 18.1 18.0 49.2 -3.5 18.7 0.0 17661.0 9873.0
Gujarat Alkalies 783.6 3.4 232.8 1.0 202312 -18.3 -290.2 -7.1 -96.3 -3.5 10.6 0.1 869.6 556.1 Motherson Wiring [1] 67.8 1.3 51.2 22.8 202312 25.9 58.1 16.1 37.9 -3.2 42.7 0.3 74.8 45.2 Zomato Ltd [1] 160.0 0.0 7.1 202312 68.8 -60.2 70.1 98.9 -3.9 0.0 0.0 175.5 49.0
Gujarat Fluoroch [1] 3535.3 60.6 58.3 6.8 202312 -30.1 -75.7 -12.6 -45.4 -3.7 29.4 0.3 3920.0 2550.0 Motil.Oswal.Fin. [1] 1578.0 126.4 12.5 3.2 202312 67.3 191.4 42.3 76.5 -4.6 13.0 1.4 1937.1 550.8 Zydus Lifesci. [1] 976.8 33.0 29.6 5.3 202312 4.4 23.3 17.4 60.3 5.6 16.3 0.2 982.1 461.5
Gujarat Gas [2] 570.4 16.0 35.6 5.5 202312 6.6 -40.5 -11.5 -31.5 -1.4 30.6 0.1 620.6 397.2 Mphasis 2492.0 82.9 30.0 6.0 202312 -4.8 -9.4 -3.6 -3.6 -4.8 26.4 0.1 2835.0 1660.7 Zydus Wellness 1585.6 44.5 35.6 1.9 202312 -3.1 -98.5 3.7 -6.0 1.4 5.8 0.1 1720.7 1425.0

CM
YK ... . . . . .. .BM-BME
 Safe Investing . bl . 9
MUMBAI

businessline.portfolio
SUNDAY - MARCH 10 - 2024

ALERTS.

Why some HNIs Bank FD interest rates (%)

Bank <1 year
1 to 2
years
2 to 3
years
3 to 5
years
w.e.f
Suryoday Small Finance
Bank hikes FD rates

crave protection,
FOREIGN BANKS
DBS Bank 6 7.5 7 6.5 Dec 11
Deutsche Bank 7 8 8 7.5 Jan 03
HSBC 4.5 6.25 7.25 7 Sep 07

others eye risk Scotia Bank

Standard Chartered
INDIAN: PUBLIC SECTOR BANKS
Bank of Maharashtra
3.7
6.5

7
3.9
7.5

6.75
7.5

6.25
4 4
7.1

6
Feb 01
Feb 01

Feb 28
Suryoday Small Finance Bank has
announced an adjustment in
interest rates by 41 basis points
Bank of Baroda 7.1 7.15 7.25 6.5 Jan 15 (bps) for fixed deposits of less
MEET THE FOUNDER. At the end of the day, it comes Bank of India 5.75 7.25 6.75 6.5 Nov 01 than ₹2 crore, with the updated
rates becoming effective from
down to individual risk appetite and hunger for growth, Canara Bank 6.25 7.25 6.85 6.8 Nov 16
March 1. The bank offers deposit
Central Bank of India 6.25 7.1 7 6.5 Jan 10 options ranging from 4.00 per
explains Rohit Sarin, founder of Client Associates Indian Bank 7.05 7.25 6.7 6.25 Mar 04 cent to 9.01 per cent for the
Indian Overseas Bank 5.75 7.3 6.8 6.5 Feb 10 general public and 4.50 per cent to
9.25 per cent for senior citizens,
Punjab National Bank 7.05 7.25 7 6.5 Feb 01
across various tenures, spanning
Punjab & Sind Bank 7.15 7.4 6.3 6 Feb 01 from 7 days to 10 years with the
State Bank of India 6 7.1 7 6.75 Dec 27 highest rate offered on a tenure of
first-generation lifestyle expenses, it is prudent to cause our clients definitely think 2 years and 1 month (25 months).
Team businessline entrepreneurs in India. How view it as surplus corpus. Over differently from retail investors. UCO Bank 5.5 6.5 6.3 6.2 Oct 01
does their mindset towards next 10 years where equity can de- Families who have been running Union Bank 5.75 7.25 6.5 6.5 Jan 19
Team businessline recently met investing and managing liver, say, 15 per cent on average businesses are aligned to the Flipkart announces launch
INDIAN: PRIVATE SECTOR BANKS of UPI service
the founder of Client Associates, wealth differ from traditional annually, the opportunity cost of market and are used to com-
Axis Bank 6 7.2 7.1 7.1 Mar 06
Rohit Sarin, at our Chennai office. business families? missing out is huge. At the end of pounding their return between 15
Client Associates is a multi-family That is a very good question. We the day, it is a function of an indi- and 20 per cent. So, generally, Bandhan Bank 4.5 7.85 7.25 7.25 NA E-commerce company Flipkart
wealth management firm that see a lot of difference between the vidual risk appetite and hunger for their expectation of return from has announced the launch of
Catholic Syrian 7.25 7.75 7.1 5.75 Dec 01
now handles assets of about $6 two because generational wealth growth. We have found families equity as an asset class is 15 per its UPI service, facilitating both
City Union Bank 6.5 7 6.5 6.25 Apr 05 online and offline transactions
billion (₹50,000 crore). Founded has been managed by some legacy on both ends of the spectrum. cent plus. On the debt side, the re-
22 years ago, the firm advises thought process. First-time Some are content with what they lative low returns after tax make it DCB Bank 7.25 7.85 8 7.9 Dec 13 within and beyond its
1,000+ Multi Family Offices. It wealth owners may have created have while others are more less attractive for clients who have Dhanlaxmi Bank 6.5 7.25 6.5 6.6 Feb 01 application ecosystem.
offers a host of wealth that wealth by way of taking risk, growth-oriented and want to higher return expectations, so we Developed in collaboration
Federal Bank 6 7.5 7.05 7 Feb 06
management services such as including putting their own compound their wealth while we tailor the debt allocation to with Axis Bank, Flipkart UPI will
HDFC Bank 6 7.25 7.15 7.2 Feb 09 be debuted for Android users
Estate Planning, Investment money to start a venture. So they take care of the downside. primarily fund their liquidity re-
Banking, Real Estate Advisory, understand risk very differently. quirements. NCDs and Market- ICICI Bank 6 7.2 7 7 Feb 17 initially. Users can now enroll in
andlending solutions. Excerpts They are more growth-oriented How is concentration risk linked Debentures (MLD) IDBI Bank 7.05 7.25 7 6.5 Feb 15
UPI through the @fkaxis
from the interaction: whereas the traditional families managed for clients with a provide a way to higher returns, handle, enabling seamless fund
IDFC First Bank 5.75 7.75 7.25 7 Nov 02 transfers and checkout
are more protection-oriented. But significantly high percentage but tax is a bit of a dampener here.
What were some of the having said that, even within busi- of their wealth locked in the IndusInd Bank 6.5 7.75 7.25 7.25 Feb 06 procedures directly through
opportunities and challenges ness families, the younger genera- form of equity in a single How do you achieve the J & K Bank 6 7.1 7 6.5 Jan 11 the Flipkart application.
faced in establishing a tion has a higher risk appetite. company, say, as a founder? balance between Karnataka Bank 7.1 7.4 6.5 6.5 Feb 01
multi-family office in India In such a scenario, diversification standardisation and DSP MF launches US
Kotak Bank 7 7.4 7.15 7 Feb 27
nearly 22 years ago? In the case of business can be achieved in one of two customisation of products Treasury FoF
We started our journey in May of owners, how do they address ways. If, for example, a client has when dealing with a Karur Vysya Bank 7.4 7.5 7 7 Feb 01
2002 and we call ourselves pion- the double whammy of both 90 per cent of his wealth in the diversified client base with RBL Bank 6.05 8.1 7.5 7.1 Feb 14 DSP Mutual Fund has
eers of family office concept to the their business as well as their equity of his company, we can different requirements? South Indian Bank 6 7.4 7 6.7 Feb 20 announced DSP US Treasury
Indian markets because it was not investments being exposed to bring it down to 80 per cent by li- There are two-three ways in Fund of Fund, an open-ended
Tamilnad Mercantile Bank 7.25 7 6.75 6.5 Aug 14
a concept people were very famil- the same market risks? quidating 10 per cent of equity which we do it. Firstly, we follow a scheme focusing on
iar with back then. It is a very good observation. The and investing the proceeds in process called a core and a satel- TNSC Bank 6.5 7.5 6.75 6.5 NA investments in units of ETFs
We were bankers and what we answer to this question varies debt, which is inherently less lite. We can compare it to the base Yes Bank 6.35 7.75 7.25 7.25 Nov 21 and/or Funds dedicated to US
intended to do was basically to from one individual/family to an- risky, thereby bringing down the of a pizza and then have the satel- Treasury Bonds. Benchmarked
SMALL FINANCE BANKS
create a professional platform for other. Conventional wisdom will overall risk. lites as toppings which helps us against S&P U.S. Treasury Bond
AU Small Finance Bank 6.75 8 7.5 7.5 Jan 24 Index, this Fund presents
families which were getting richer mandate that when I am already Another approach would be to achieve customisation for indi-
in India after the country opened taking risk in my business, invest the proceeds in the equities vidual client requirements. Equitas Small Finance Bank 6.25 8.5 8.25 7.5 Aug 21 investors with an avenue to
its markets in 1991. A richer soci- whatever income I earn from it of a portfolio of other companies Secondly, we also have multiple Fincare Small Finance Bank 7 8.21 8.61 8.25 Oct 28 capitalise on Federal Reserve
ety will land up with a new prob- should be protected. in different sectors so that the (seven) asset allocation combina- interest rate policies through
Jana Small Finance Bank 8 8.5 7.25 7.25 Jan 02
lem of how to manage those But if there is not much de- single business risk is diversified tions which helps us customise for US Treasury market. The fund
riches. Because the scale of wealth pendency on that income for the without compromising high different families ranging Suryoday Small Fin Bank 6 8.5 9.01 8.25 1-Mar will allocate over 95 per cent in
will go to a level where it could be next 10 years to take care of your growth rates from equities. We between ultra-conservative and Ujjivan Small Finance Bank 6.5 8.5 7.75 7.2 7-Mar the money market, floating
generational wealth and it could usually do not recommend taking ultra-aggressive. rate, short, medium, and long
*Data as on respective banks’ website on 08 Mar 2024; For each year range, the maximum duration funds. The NFO is
be lost beyond the current genera- loan against securities because it The customisation can happen offered interest rate is considered; interest rate is for a normal fixed deposit amount below ₹1
tion of owners. You needed a very immediately pushes the returns across various filters, including crore. Compiled by BankBazaar.com open until March 13.
different solution to manage required to be generated from the the risk of the portfolio and the
those riches. We tried to study First-time wealth owners market to compensate for the cost components of the portfolio. We
some of the best practices in the may have created that of funds. It is a higher risk strategy freeze the asset allocation in the
developed markets and how wealth by way of taking that we generally do not Investor Policy Statement (IPS)
wealthy families there managed risk, including putting recommend. based on return expectation and
their wealth. And that is where we the financial goal. We design the
came across the model of family
their own money to start In what ways do family office portfolio in a way to deliver the
office. a venture. So they clients think differently from goals on a long-term basis and
understand risk very retail investors? monitor the portfolio continu-
We are witnessing a rise in differently. It is a very important question be- ously.

INSURANCE QUERY.
ANUP SETH
I am a small business owner, in my 30s.
My income irregularity and the
responsibility of overseeing my business
got me thinking whether there is any
insurance plan tailored to my unique
situation.
Sobhan
The financial landscape of a business owner
differs significantly from that of a salaried
individual. Your income streams may not
adhere to the predictable monthly pattern
commonly associated with traditional
employment. Instead, you’re often investing
substantial resources into your business,
focusing on growth and expansion, which can
result in variable cash flow.
Despite the potential for significant
returns, this entrepreneurial journey also
brings inherent risks. One such risk is the
uncertainty surrounding your income,
especially during periods of business
development or economic downturns.
Consequently, safeguarding your family’s
financial future becomes paramount,
necessitating a proactive approach to risk
management and financial planning.
GETTY IMAGES
A term insurance plan serves as a
foundational element in this risk
management strategy. It offers crucial
protection against life-altering events such as
accidents, injuries, or critical illnesses,
providing your loved ones with financial
security and stability in the likelihood of any
adverse eventuality. By ensuring that your
family is adequately protected, you can focus
on growing your business with greater peace
of mind, knowing that they are safeguarded
against unforeseen circumstances.
However, relying solely on your business
income may not provide the stability needed
to weather periods of financial uncertainty.
To mitigate this risk, establishing a second
income stream is imperative. This additional
source of revenue acts as a buffer during lean
times, allowing you to sustain your lifestyle
and continue focusing on your business
without undue financial strain.
One effective strategy for creating a
secondary income stream is to invest in
financial instruments designed to generate
consistent returns over the long term. Buying
a participating product is an ideal example.
These products offer the dual benefit of
wealth accumulation and regular bonus
payouts, providing you with a reliable source
of income to support your business
endeavours and meet your financial
obligations.
Furthermore, given the volatile nature of
entrepreneurship, it’s prudent to consider
income protection insurance. This type of
coverage offers financial support in the event
of income disruptions or unexpected
expenses related to your business. By
safeguarding your income against unforeseen
circumstances, you can better protect your
financial stability and maintain your standard
of living during challenging times.
In summary, as a business owner, it’s
essential to take a proactive approach to
financial planning and risk management. By
prioritising the protection of your family’s
financial future through term insurance,
creating a second income stream, and
exploring options such as income protection
insurance, you can mitigate the inherent risks
of entrepreneurship and build a more
resilient financial foundation for yourself and
your loved ones.
The writer is Chief Distribution Officer, Edelweiss Tokio Life
Insurance Term insurance premium tracker
For a 30-year-old male/female, non smoker, living in a metro city, Sum assured ₹1 crore with coverage up to 70 yrs

Max Max
Annual premium (~) Claim
coverage policy
Insurance company Plan name (inclusive of GST) settlement
up to term
ratio (%)
(years) Male Female

Aditya Birla Capital Digishield Plan 85 55 15,066 12,687 98.1

Aegon Life iTerm Prime 70 40 14,282 11,756 99.4
Bajaj Allianz eTouch 99* 69 11,996 10,426 99.0
Canara HSBC Life Young Term Plan - Life Secure 99 69 12,997 10,857 99.0
Edelweiss Tokio Zindagi Protect 100 70 15,528 12,735 99.2
HDFC Life Click 2 Protect Super 100 70 15,863 13,484 99.4
ICICI Prudential iProtect Smart 99 69 16,286 14,365 97.8
Kotak Life Kotak e-Term Plan 85 67 13,452 11,210 98.8
Max Life Smart Secure Plus 85 55 14,798 11,674 99.5
PNB Met Life Mera Term Plan Plus 80 50 15,930 12,980 99.1
SBI Life eShield Next 100 70 17,495 14,654 97.1
TATA AIA Life SRS Vitality Protect 100 70 12,510 10,634 99.0

Claim settlement ratio as per data provided by insurer Source: www.policybazaar.com,

LIC Max Life offers additional 5% discount for 1st year for salaried customers; *Whole life available only on limited pay option; HDFC whole is
available only in limited payterm(Life Protect) & Limited+Single payterm(Income Plus); SBI eShield Next plan whole life is available only in limited
pay with above age 45yrs NA: Not Available

CM
YK . . . . . . . . BM-BME
10 . bl . Star Track MF Ratings
MUMBAI

businessline.portfolio
SUNDAY - MARCH 10 - 2024

bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) Sortino bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) Sortino
NAV Corpus 5 Year 10 Year Ratio NAV Corpus 5 Year 10 Year Ratio
Regular Direct 1 Year 3 Year Regular Direct 1 Year 3 Year
(₹) (₹ Cr) CAGR CAGR CAGR CAGR (%) (₹) (₹ Cr) CAGR CAGR CAGR CAGR (%)

★★ Franklin Ind Smaller Companies . . . . . . . .. . . . . . 149.0 11823 1.8 0.9 51.5 29.4 23.0 22.1 0.43 EQUITY - SECTOR - IT FUNDS
★★ HSBC Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 70.3 13747 1.7 0.7 46.1 32.4 23.6 - 0.43
★★★★★ Aditya Birla SL Digital India . . . . . . . . . . . . . . . . . .. . . . . . 161.8 4814 1.9 0.8 33.3 19.7 24.9 19.1 0.49
★ Aditya Birla SL Small Cap . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 73.2 5382 1.9 0.7 42.0 19.1 16.4 18.0 0.32
★★★★ ICICI Pru Technology. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 178.7 12249 1.7 0.9 30.3 19.2 24.6 18.4 0.47
★ Sundaram Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 221.8 3056 2.0 0.9 48.3 27.6 22.4 21.5 0.40
★★★ Tata Digital India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 43.5 10068 1.7 0.3 33.8 20.2 23.8 - 0.48
- ICICI Pru Smallcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 75.8 7455 1.8 0.6 41.7 27.3 26.3 18.8 0.49
★★ SBI Technology Opport . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 182.4 3828 1.9 0.8 26.1 20.7 23.4 17.1 0.49
★ Franklin Ind Technology . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 453.9 1366 2.1 1.2 52.2 18.4 23.2 16.6 0.48
EQUITY - FOCUSED FUNDS
EQUITY - SECTOR - PHARMA FUNDS
★★★★★ 360 ONE Focused Equity. . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 41.6 6636 1.9 0.9 36.6 19.3 22.6 - 0.44
★★★★★ Quant Focused. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 84.9 733 2.3 0.8 51.7 25.1 23.0 21.1 0.46
- Nippon Ind Pharma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 428.4 7132 1.9 1.0 58.7 20.0 23.6 17.3 0.65
★★★★ Franklin Ind Focused Equity . . . . . . . . . . . . . . . . .. . . . . . . . 94.1 10946 1.8 1.0 36.3 20.0 19.2 19.1 0.37
- SBI Healthcare Opport . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 337.7 2608 2.1 1.0 56.6 20.2 23.7 15.3 0.64
★★★★ ICICI Pru Focused Equity . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 73.2 6823 1.8 0.6 42.8 22.0 20.3 15.7 0.48
- Tata India Pharma & Healthcare . . . . . . . . .. . . . . . . . 25.1 872 2.3 0.9 59.0 19.9 23.4 - 0.71
★★★ Aditya Birla SL Focused. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 122.5 7060 1.8 0.9 35.1 16.8 16.6 15.3 0.33
- UTI Healthcare . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 222.4 919 2.3 1.3 55.2 17.4 21.6 13.9 0.61
★★★ HDFC Focused 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 185.6 9918 1.7 0.5 39.4 26.8 20.0 16.9 0.39
★★★ Nippon Ind Focused Equity . . . . . . . . . . . . . . . . . .. . . . . . 103.0 7655 1.9 1.2 30.0 16.0 18.0 19.2 0.34
★★★ SBI Focused Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 283.9 30736 1.6 0.8 28.7 14.2 16.3 17.6 0.34 HYBRID - AGGRESSIVE HYBRID FUNDS
★★★ Sundaram Focused . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 142.3 1017 2.3 1.3 31.9 16.0 18.4 15.6 0.38
★★★★★ ICICI Pru Equity & Debt . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 336.1 31196 1.6 1.0 38.1 24.5 21.1 18.0 0.49
★★ DSP Focus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 44.6 2220 2.1 1.0 36.8 14.7 15.2 14.9 0.30
bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) Sortino ★★★★★ Quant Absolute . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 403.0 1788 2.1 0.8 36.9 25.8 25.1 19.6 0.59
NAV Corpus
★★ Motilal Oswal Focused . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 40.8 1792 2.1 0.9 27.5 10.5 14.6 14.3 0.30
Regular Direct 1 Year 3 Year 5 Year 10 Year Ratio ★★★★ BOI Mid & Small Cap Eq&Debt . . . . . . . . . . . . .. . . . . . . . 32.9 657 2.5 1.4 43.2 24.4 21.1 - 0.46
(₹) (₹ Cr) CAGR CAGR CAGR CAGR (%) ★ Axis Focused 25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 47.1 13861 1.7 0.8 25.6 6.5 12.6 14.3 0.24
★★★★ Canara Robeco Equity Hybrid . . . . . . . . . . . . .. . . . . . 311.0 9809 1.7 0.6 25.4 13.5 15.2 15.2 0.39
★ Bandhan Focused Equity . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 70.7 1505 2.1 0.8 37.7 14.4 14.8 12.9 0.30
★★★★ JM Aggressive Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 107.2 202 2.3 0.3 46.5 22.2 18.4 14.3 0.42
- JM Focused . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 17.8 85 2.4 1.0 46.3 20.6 15.0 16.1 0.28
★★★★ Kotak Equity Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 52.0 5045 1.8 0.5 25.2 15.1 17.1 - 0.38
★★★ DSP Equity & Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 290.9 8804 1.8 0.7 25.5 12.4 14.9 14.8 0.35
EQUITY FUNDS EQUITY - VALUE FUNDS ★★★ Franklin Ind Equity Hybrid . . . . . . . . . . . . . . . . . . . .. . . . . . 237.3 1701 2.2 1.2 31.4 15.4 15.3 14.6 0.36
★★★ HDFC Hybrid Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 104.9 22643 1.7 1.0 22.6 15.3 15.1 13.8 0.35
★★★★★ ICICI Pru Value Discovery . . . . . . . . . . . . . . . . . . . . . .. . . . . . 398.0 39376 1.6 1.0 42.2 26.8 23.2 19.9 0.51
EQUITY - LARGE CAP FUNDS ★★★ Mirae Asset Aggressive Hybrid . . . . . . . . . . . . .. . . . . . . . 27.9 8414 1.7 0.4 25.7 13.5 14.4 - 0.35
★★★★★ JM Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 87.9 555 2.4 1.0 58.6 27.2 23.5 20.6 0.45
★★★ SBI Equity Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 248.7 65074 1.4 0.8 24.3 12.3 14.0 14.6 0.35
★★★★ Bandhan Sterling Value . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 133.4 8449 1.8 0.7 43.7 26.8 21.6 19.6 0.38
★★★★★ Baroda BNP Paribas Large Cap . . . . . . . . . . .. . . . . . 197.7 1806 2.1 0.9 38.7 17.7 18.9 16.3 0.40 ★★★ Sundaram Aggressive Hybrid . . . . . . . . . . . . . .. . . . . . 142.3 4325 1.9 0.7 26.7 14.3 13.5 14.3 0.32
★★★★ Nippon Ind Value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 192.8 7063 1.9 1.2 54.7 25.2 22.1 19.2 0.43
★★★★★ Canara Robeco Bluechip Equity . . . . . . . . .. . . . . . . . 53.8 12185 1.7 0.5 30.2 14.7 17.9 15.4 0.38 ★★★ UTI Aggressive Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 344.4 5292 2.0 1.3 31.7 18.1 15.9 13.7 0.37
★★★ HSBC Value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 93.3 11536 1.8 0.8 51.4 26.5 22.0 21.5 0.41
★★★★★ ICICI Pru Bluechip . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 95.9 49838 1.5 0.9 39.9 20.3 18.7 16.4 0.37 ★★ Aditya Birla SL Equity Hybrid '95 . . . . . . . .. . . 1313.9 7409 1.9 1.1 26.8 12.6 12.3 13.2 0.27
★★★ Tata Equity P/E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 307.3 7256 1.8 0.8 46.8 22.4 18.7 19.2 0.38
★★★★ Edelweiss Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 75.0 771 2.3 0.8 33.3 17.0 17.3 15.5 0.34 ★★ Bandhan Hybrid Equity . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 21.6 692 2.4 1.1 26.5 14.4 14.1 - 0.31
★★★ Templeton India Value . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 649.2 1800 2.1 1.0 44.3 25.5 21.3 17.5 0.40
★★★★ HDFC Top 100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1041.0 31653 1.7 1.1 38.4 20.5 17.1 15.6 0.33 ★★ HSBC Aggressive Hybrid . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 47.2 5139 1.9 0.8 30.2 13.1 13.3 13.9 0.30
★★★ UTI Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 137.5 8478 1.8 1.1 34.7 17.8 18.4 14.6 0.37
★★★★ Kotak Bluechip . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 492.4 7679 1.8 0.6 29.9 15.5 17.0 15.2 0.34 ★★ Tata Hybrid Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 392.7 3694 1.9 1.0 22.8 14.0 14.0 13.7 0.33
★★ HDFC Capital Builder Value . . . . . . . . . . . . . . . . . .. . . . . . 624.0 6717 1.8 1.0 40.9 20.5 16.9 16.5 0.32
★★★★ Nippon Ind Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 78.2 22767 1.7 0.8 42.4 23.2 18.4 17.4 0.34 ★ LIC MF Aggressive Hybrid . . . . . . . . . . . . . . . . . . . . . .. . . . . . 170.3 507 2.5 1.4 25.5 11.4 11.9 10.0 0.28
★★ Quantum Long Term Equity Value . . . . .. . . . . . 108.7 1030 2.0 1.1 38.2 17.7 14.9 14.2 0.30
★★★ Axis Bluechip . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 53.6 32675 1.6 0.7 26.9 10.6 14.6 14.4 0.31 ★ Nippon Ind Equity Hybrid . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 91.4 3399 2.0 1.2 31.3 17.0 11.6 12.9 0.20
★ Aditya Birla SL Pure Value . . . . . . . . . . . . . . . . . . . . .. . . . . . 114.0 5775 1.9 1.0 55.6 23.7 17.7 18.9 0.35
★★★ Bandhan Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 66.6 1357 2.1 0.9 37.3 16.5 16.4 13.3 0.33 - Edelweiss Aggressive Hybrid . . . . . . . . . . . . . . .. . . . . . . . 54.4 1353 2.1 0.2 33.3 18.7 17.3 14.7 0.40
- Groww Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 24.1 16 2.3 1.1 42.1 18.6 16.0 - 0.32
★★★ HSBC Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 426.4 1743 2.2 1.2 34.8 15.3 16.5 14.0 0.33 - PGIM India Hybrid Equity . . . . . . . . . . . . . . . . . . . . . .. . . . . . 112.2 210 2.3 0.7 19.1 10.1 11.3 10.7 0.23
★★★ Invesco India Largecap . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 58.9 983 2.2 0.8 36.8 17.5 16.3 15.0 0.32 - Shriram Aggressive Hybrid . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.0 46 2.6 0.9 30.7 13.5 13.1 11.1 0.32
EQUITY - TAX SAVING (ELSS) FUNDS
★★★ Mirae Asset Large Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 97.0 37676 1.5 0.5 23.5 13.2 14.7 16.3 0.30
★★★ SBI Blue Chip . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 78.8 43355 1.6 0.9 25.3 14.1 16.1 15.5 0.33 ★★★★★ Bank of India ELSS Tax Saver . . . . . . . . . . . . . . .. . . . . . 151.5 1150 2.2 1.2 52.3 24.0 25.6 19.1 0.54 HYBRID - BALANCED ADVANTAGE FUNDS
★★★ Tata Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 449.0 1968 2.1 1.2 33.5 17.1 16.5 14.1 0.32 ★★★★★ Mirae Asset ELSS Tax Saver . . . . . . . . . . . . . . . . . . .. . . . . . . . 41.4 21302 1.6 0.6 33.8 17.0 19.6 - 0.39
★★★ UTI Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 240.0 12082 1.8 0.9 26.1 13.8 15.3 14.3 0.31 ★★★★★ Quant ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 362.4 7770 1.8 0.8 56.9 32.7 32.2 26.0 0.59 ★★★★★ Edelweiss Balanced Advantage . . . . . . . . . .. . . . . . . . 45.6 10623 1.7 0.5 24.7 12.7 14.9 12.9 0.55
★★ Aditya Birla SL Frontline Equity . . . . . . . . . .. . . . . . 453.9 26480 1.7 1.0 31.6 16.6 16.0 15.0 0.32 ★★★★ Bandhan ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 138.6 6140 1.8 0.6 38.5 22.0 20.7 18.5 0.38 ★★★★★ ICICI Pru Balanced Advantage . . . . . . . . . . . . .. . . . . . . . 64.1 54142 1.5 0.9 21.1 12.7 13.2 12.6 0.33
★★ Franklin Ind Bluechip . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 881.6 7602 1.9 1.1 28.9 12.9 14.3 13.3 0.28 ★★★★ Canara Robeco ELSS Tax Saver . . . . . . . . . . .. . . . . . 150.9 7333 1.7 0.6 31.1 16.4 19.3 16.8 0.40 ★★★★ Aditya Birla SL Bal Advantage . . . . . . . . . . . . . .. . . . . . . . 90.9 7036 1.8 0.7 20.3 11.3 12.1 12.0 0.32
★★ LIC MF Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 49.1 1377 2.2 1.1 24.9 12.4 14.4 12.7 0.29 ★★★★ DSP ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 115.2 14147 1.7 0.7 39.2 20.2 20.3 18.7 0.40 ★★★★ HSBC Balanced Advantage . . . . . . . . . . . . . . . . . . .. . . . . . . . 38.7 1392 2.1 0.8 22.5 10.3 10.3 11.4 0.34
★★ PGIM India Large Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 303.9 545 2.4 0.9 23.7 12.1 13.8 13.2 0.27 ★★★★ JM ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 40.8 121 2.4 0.9 41.6 19.7 20.4 18.3 0.39 ★★★ Bandhan Balanced Advantage . . . . . . . . . . . .. . . . . . . . 21.4 2220 2.0 0.7 19.3 9.3 10.5 - 0.25
★ DSP Top 100 Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 390.8 3505 2.0 1.2 33.7 15.2 14.8 12.9 0.28 ★★★★ SBI Long Term Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 374.9 21203 1.7 1.0 57.8 26.4 21.9 17.4 0.44 ★★★ DSP Dynamic Asset Allocation . . . . . . . . . . . .. . . . . . . . 23.6 3125 1.9 0.7 18.1 8.2 9.6 8.8 0.28
★ Groww Largecap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 38.9 116 2.3 1.1 33.6 15.1 14.0 13.1 0.27 ★★★★ Union ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 57.4 824 2.3 1.5 35.4 19.3 19.8 14.7 0.40 ★★★ Invesco India Balanced Advantage . . . .. . . . . . . . 47.5 707 2.2 0.9 25.5 12.4 11.2 11.4 0.27
- JM Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 147.0 100 2.4 0.9 44.9 20.4 17.7 14.6 0.56 ★★★ Baroda BNP Paribas ELSS Tax Saver .. . . . . . . . 80.2 836 2.3 1.1 39.3 15.3 17.3 15.8 0.37 ★★★ Motilal Oswal Balanced Advantage . . .. . . . . . . . 19.4 1246 2.2 1.0 26.0 9.4 10.0 - 0.27
- Taurus Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 143.4 44 2.6 2.6 42.5 17.2 14.9 12.5 0.29 ★★★ Franklin Ind ELSS Tax Saver. . . . . . . . . . . . . . . . . .. . . 1280.2 6144 1.8 1.1 44.3 21.2 18.5 17.0 0.34 ★★ Sundaram Balanced Advantage . . . . . . . . .. . . . . . . . 31.6 1520 2.1 0.6 21.1 11.0 9.0 9.5 0.32
★★★ ICICI Pru Long Term Equity . . . . . . . . . . . . . . . . . . .. . . . . . 792.6 12586 1.7 1.0 34.0 17.2 17.1 16.1 0.34 ★★ UTI-Unit Linked Insurance . . . . . . . . . . . . . . . . . . . .. . . . . . . . 36.2 5293 1.6 0.9 12.4 7.3 7.5 8.9 0.19
EQUITY - LARGE & MID CAP FUNDS ★★★ Invesco India ELSS Tax Saver . . . . . . . . . . . . . . .. . . . . . 107.2 2545 1.9 0.7 39.7 16.0 16.9 17.1 0.34 ★ Bank of India Balanced Advantage . . . .. . . . . . . . 23.7 119 2.5 1.5 27.0 14.6 9.8 - 0.25
★★★ Kotak ELSS Tax Saver. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 102.1 5050 1.8 0.6 35.4 19.6 19.3 18.0 0.37 - HDFC Balanced Advantage . . . . . . . . . . . . . . . . . . .. . . . . . 456.6 78759 1.4 0.8 39.7 23.4 19.1 17.0 0.42
★★★★★ Mirae Asset Large & Midcap . . . . . . . . . . . . . . . . . .. . . . . . 130.9 33711 1.6 0.6 37.7 18.1 20.9 23.1 0.42
★★★ Mahi Manu ELSS Tax Saver. . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.0 790 2.2 0.6 30.7 18.2 17.5 - 0.35 - Nippon Ind Balanced Advantage . . . . . . . .. . . . . . 155.3 7651 1.8 0.6 23.3 12.2 11.9 12.6 0.34
★★★★★ Quant Large & Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 113.3 1884 2.0 0.8 58.3 30.7 25.9 23.2 0.55
★★★ Motilal Oswal ELSS Tax Saver . . . . . . . . . . . . . .. . . . . . . . 40.2 3120 1.9 0.7 47.5 21.5 19.5 - 0.37
★★★★ Edelweiss Large & Mid Cap . . . . . . . . . . . . . . . . . . .. . . . . . . . 72.9 2797 1.9 0.5 37.9 18.8 19.5 16.8 0.40
★★★ PGIM India ELSS Tax Saver . . . . . . . . . . . . . . . . . . . .. . . . . . . . 29.6 643 2.3 0.7 20.5 16.3 16.6 - 0.34
★★★★ HDFC Large and Mid Cap . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 291.5 16757 1.7 0.8 47.5 24.5 21.9 15.1 0.42 HYBRID - EQUITY SAVINGS FUNDS
★★★ Sundaram ELSS Tax Saver . . . . . . . . . . . . . . . . . . . .. . . . . . 442.0 1222 2.2 1.7 32.2 18.1 17.1 16.8 0.35
★★★★ ICICI Pru Large & Mid Cap . . . . . . . . . . . . . . . . . . . . . .. . . . . . 827.2 10854 1.8 0.8 42.5 25.4 21.6 16.7 0.42
★★★ UTI ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 176.8 3466 1.9 0.9 28.0 13.9 15.9 14.5 0.32 ★★★★★ Edelweiss Equity Sav . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 22.0 366 1.6 0.6 16.2 9.3 10.1 - 0.55
★★★★ SBI Large & Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 517.7 20633 1.7 0.8 32.2 21.0 19.4 17.8 0.37
★★ Axis ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 81.4 33526 1.5 0.8 30.3 9.0 14.0 16.1 0.27 ★★★★★ Sundaram Equity Sav . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 62.1 742 2.2 0.5 19.1 11.8 11.9 9.6 0.48
★★★ Bandhan Core Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 109.8 3884 1.9 0.7 50.4 23.9 20.4 16.6 0.38
★★ Edelweiss Long Term Equity . . . . . . . . . . . . . . . .. . . . . . . . 95.3 316 2.3 0.6 34.1 16.6 16.4 14.7 0.32 ★★★★ Kotak Equity Sav . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 23.4 4615 1.9 0.8 18.7 11.5 10.9 - 0.40
★★★ Canara Robeco Emerging Equities . . . .. . . . . . 209.4 20325 1.7 0.6 32.2 16.5 18.2 21.7 0.36
★★ HDFC ELSS Tax saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1176.1 13820 1.7 1.1 44.9 25.5 18.6 16.1 0.35 ★★★★ SBI Equity Sav . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 21.3 4183 1.2 0.7 20.2 10.2 10.9 - 0.34
★★★ DSP Equity Opport. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 514.5 10917 1.8 0.8 42.0 20.0 19.5 17.9 0.39
★★ LIC MF ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 126.2 1011 2.2 1.2 29.7 14.8 14.7 14.2 0.29 ★★★ Axis Equity Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.1 917 2.3 1.0 18.7 9.3 9.9 - 0.31
★★★ Invesco India Large & Mid Cap . . . . . . . . . . . . .. . . . . . . . 75.4 4933 1.9 0.7 46.3 19.1 18.0 16.9 0.36
★★ Quantum ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . .. . . . . . 108.2 165 2.0 0.9 37.9 17.8 15.0 14.3 0.30 ★★★ HDFC Equity Sav . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 60.0 3900 2.0 1.0 18.6 11.5 10.8 10.2 0.37
★★★ Kotak Equity Opport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 287.1 19092 1.6 0.5 38.3 20.3 20.0 18.2 0.40
★★ Tata ELSS Tax Saver. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 37.9 4016 1.8 0.7 30.1 16.7 16.9 - 0.34 ★★★ HSBC Equity Sav . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.6 225 1.5 0.6 21.0 11.5 10.4 9.5 0.33
★★★ Sundaram Large and Mid Cap . . . . . . . . . . . . .. . . . . . . . 73.0 6118 1.8 0.7 34.4 17.5 17.2 17.4 0.32
★ Aditya Birla SL ELSS Tax Saver . . . . . . . . . . . . .. . . . . . . . 51.2 15006 1.7 1.0 30.0 8.9 10.9 14.5 0.22 ★★★ Tata Equity Sav . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 49.1 140 1.1 0.4 15.4 8.6 9.0 7.9 0.34
★★★ Tata Large & Mid Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 464.2 6620 1.8 0.8 31.4 17.6 19.2 16.7 0.39
★ HSBC ELSS Tax saver. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 108.6 3680 1.9 1.1 38.2 17.1 16.0 15.5 0.30 ★★ DSP Equity Sav . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.1 885 1.4 0.5 14.2 9.1 9.1 - 0.26
★★★ UTI Large & Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 146.7 2500 2.0 1.2 44.9 22.0 19.5 15.6 0.37
★ Nippon Ind ELSS Tax Saver . . . . . . . . . . . . . . . . . . .. . . . . . 110.6 14288 1.7 1.1 39.4 20.4 15.5 15.5 0.29 ★★ ICICI Pru Equity Sav . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.2 8774 1.0 0.5 11.2 8.3 8.4 - 0.24
★★ BOI Large & Mid Cap Equity . . . . . . . . . . . . . . . . . .. . . . . . . . 79.0 290 2.5 1.5 41.3 21.4 19.6 14.6 0.40
- HSBC Tax Saver Equity . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 76.8 223 2.5 1.6 40.0 18.2 16.8 15.4 0.33 ★ Aditya Birla SL Equity Sav . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.6 543 1.1 0.6 13.1 6.5 8.5 - 0.24
★★ LIC MF Large & Midcap. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 31.6 2550 2.0 0.8 35.2 17.1 17.4 - 0.36
- Navi ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 26.3 63 2.3 0.4 29.1 14.3 13.4 - 0.25 ★ Nippon Ind Equity Sav . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.7 410 1.7 0.8 15.3 8.4 3.2 - 0.01
★★ Navi Large & Midcap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.2 277 2.3 0.3 23.8 15.9 15.4 - 0.30
- Sundaram Diversified Equity . . . . . . . . . . . . . . .. . . . . . 195.1 1604 2.2 1.6 27.9 16.3 14.9 14.7 0.28 - Bandhan Equity Sav . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.5 102 1.4 0.4 11.4 6.9 7.8 6.7 0.23
★★ Nippon Ind Vision. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1211.3 4238 2.0 1.6 44.6 21.0 19.2 15.8 0.37
- Taurus ELSS Tax Saver. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 164.7 75 2.5 1.9 36.2 19.1 16.6 15.4 0.34 - LIC MF Equity Sav . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 24.5 13 2.0 1.0 15.0 7.5 8.8 7.3 0.25
★ Aditya Birla SL Equity Advantage . . . . . . .. . . . . . 780.5 5526 1.9 1.1 32.5 12.2 15.1 15.8 0.27
- Mahi Manu Eq Sav Dhan San Yojana . .. . . . . . . . 18.7 454 2.4 0.7 18.8 10.3 11.5 - 0.34
★ Franklin Ind Equity Advantage . . . . . . . . . . . .. . . . . . 157.0 3167 2.0 1.4 32.4 15.5 15.2 14.7 0.28
EQUITY - CONTRA FUNDS - PGIM India Equity Sav . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 44.8 91 1.3 0.5 9.1 7.2 7.7 8.4 0.24
EQUITY - FLEXI CAP FUNDS
- Invesco India Contra . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 109.9 13824 1.7 0.5 40.4 19.2 18.8 19.4 0.38
bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) Tracking
★★★★★ JM Flexicap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 87.2 1657 2.0 0.2 57.7 26.6 23.8 20.0 0.49 - Kotak India EQ Contra . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 129.5 2567 2.0 0.6 46.9 22.0 20.7 17.4 0.40 NAV Corpus 5 Year 10 Year Error
Regular Direct 1 Year 3 Year
★★★★★ Parag Parikh Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 69.9 58901 1.3 0.6 40.7 23.2 23.3 20.0 0.52 - SBI Contra . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 340.2 25325 1.7 0.7 47.5 29.8 26.3 19.0 0.53 (₹) (₹ Cr) CAGR CAGR CAGR CAGR (%)

★★★★ Canara Robeco Flexi Cap . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 289.8 11875 1.7 0.6 30.8 16.1 17.5 15.6 0.37
★★★★ HDFC Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1619.1 49657 1.5 0.8 41.7 25.2 20.4 17.7 0.39 EQUITY - DIVIDEND YIELD FUNDS
★★★★ PGIM India Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.9 5945 1.8 0.4 24.3 14.8 19.4 - 0.40 PASSIVE FUNDS
★★★★ Union Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 45.8 1983 2.1 0.9 38.3 18.9 19.6 14.4 0.40 ★★★★★ Templeton India Equity Income. . . . . . . . . .. . . . . . 128.3 2091 2.1 1.4 44.2 26.3 22.9 18.0 0.48
★★★ DSP Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 84.7 10018 1.8 0.7 32.0 15.0 17.9 16.7 0.36 ★★★★ ICICI Pru Dividend Yield Equity. . . . . . . . . . . .. . . . . . . . 45.2 3454 1.9 0.5 52.4 30.1 22.9 - 0.47
PASSIVE FUNDS - TRACKING NIFTY 50 INDEX
★★★ Edelweiss Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 32.2 1644 2.1 0.5 38.8 19.2 18.1 - 0.35 ★★★ Sundaram Dividend Yield . . . . . . . . . . . . . . . . . . . . .. . . . . . 126.1 805 2.3 1.0 43.7 21.1 19.5 17.4 0.42
★★★ Franklin Ind Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1412.5 14471 1.8 1.0 43.6 21.5 19.6 17.7 0.38 ★★ UTI Dividend Yield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 148.0 3527 2.0 1.4 40.9 20.9 18.2 15.4 0.39 - HDFC Indx Fund-NIFTY 50 . . . . . . . . . . . . . . . . . . . . .. . . . . . 210.5 12614 0.4 0.2 27.8 15.4 16.0 14.0 0.06
★★★ Kotak Flexicap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 71.4 45112 1.5 0.6 33.0 15.7 16.2 17.2 0.31 ★ Aditya Birla SL Dividend Yield . . . . . . . . . . . . . .. . . . . . 409.3 1305 2.3 1.5 50.1 27.7 21.3 15.9 0.44 - Nippon Ind ETF Nifty 50 BeES . . . . . . . . . . . . . .. . . . . . 248.9 21580 0.0 - 28.3 15.9 16.5 14.4 0.04
★★★ SBI Flexicap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 96.7 20097 1.7 0.9 28.7 14.7 15.7 17.0 0.32 - SBI Nifty 50 ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 235.3 173832 0.0 - 28.2 15.9 16.5 - 0.04
EQUITY - THEMATIC - CONSUMPTION FUNDS
★★★ UTI Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 268.0 25156 1.7 0.9 18.4 8.0 14.4 14.4 0.28 - UTI Nifty ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 242.2 47649 0.1 - 28.2 15.9 16.5 - 0.04
★★ Aditya Birla SL Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . .. . . 1502.3 19767 1.7 0.9 34.8 16.4 16.5 17.2 0.31 ★★★★★ Canara Robeco Consumer Trends. . . . . .. . . . . . . . 92.8 1364 2.1 0.9 34.6 17.7 19.8 19.3 0.41 - UTI Nifty 50 Indx Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 152.4 15301 0.4 0.2 27.8 15.5 16.2 14.1 0.06
★★ Bandhan Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 177.5 6754 1.9 1.2 32.2 16.2 14.7 14.9 0.29 ★★★★ Mirae Asset Great Consumer . . . . . . . . . . . . . . . .. . . . . . . . 78.4 3138 1.9 0.4 36.7 20.5 18.3 18.0 0.38
★★ HSBC Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 184.6 4200 2.0 1.2 41.9 19.1 17.1 15.5 0.33 ★★★★ SBI Consumption Opport. . . . . . . . . . . . . . . . . . . . . .. . . . . . 268.9 1993 2.1 1.0 32.1 23.4 18.7 17.3 0.37
★★ LIC MF Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 86.5 940 2.3 1.6 33.2 14.4 14.2 11.3 0.29
PASSIVE FUNDS - TRACKING BSE SENSEX INDEX
★★★ Aditya Birla SL India GenNext . . . . . . . . . . . . . .. . . . . . 182.1 4688 1.9 0.9 31.5 17.3 18.1 18.4 0.37
★ Motilal Oswal Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 47.3 9424 1.8 0.9 45.9 13.6 13.6 - 0.26 ★★★ Tata India Consumer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 36.6 1858 2.1 0.8 38.4 18.9 16.5 - 0.36 - HDFC Indx Fund - S&P BSE Sensex . . . . .. . . . . . 677.3 6474 0.4 0.2 24.0 14.5 15.8 13.9 0.06
★ Taurus Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 208.8 334 2.6 2.6 42.4 18.1 13.9 12.3 0.27 ★★ ICICI Pru FMCG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 450.0 1490 2.2 1.2 15.2 17.9 13.9 14.3 0.34 - SBI S&P BSE Sensex ETF . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 802.9 105571 0.0 - 24.5 15.0 16.4 14.4 0.08
- Quant Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 96.0 4155 1.9 0.7 58.5 34.3 30.5 24.9 0.59 ★★ UTI India Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 49.2 557 2.5 1.6 32.0 15.4 14.8 12.6 0.32 - UTI Sensex ETF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 797.9 36196 0.1 - 24.5 15.0 16.4 - 0.04
★ Sundaram Consumption. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 81.2 1365 2.2 1.4 34.0 17.1 14.9 16.8 0.30
EQUITY - MULTI CAP FUNDS - Nippon Ind Consumption . . . . . . . . . . . . . . . . . . . . .. . . . . . 170.1 699 2.4 1.2 37.2 23.4 21.9 16.0 0.49
PASSIVE FUNDS - TRACKING NIFTY NEXT 50 INDEX
- Baroda BNP Paribas Multi Cap . . . . . . . . . . . .. . . . . . 241.3 2247 2.1 1.1 40.8 21.8 20.8 16.2 0.42
EQUITY - THEMATIC - INFRASTRUCTURE FUNDS - ICICI Pru Nifty Next 50 Indx Fund . . . . . . . .. . . . . . . . 53.1 3885 0.7 0.3 57.0 19.5 16.9 16.8 0.07
- ICICI Pru Multicap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 676.7 10775 1.8 0.9 45.9 22.3 19.0 17.6 0.37
- Nippon Ind ETF Junior BeES . . . . . . . . . . . . . . . .. . . . . . 641.1 4507 0.2 - 57.8 20.2 17.8 17.6 0.03
- Invesco India Multicap . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 109.1 3145 1.9 0.7 39.8 19.9 19.0 18.5 0.37 ★★★★★ Invesco India Infrastructure . . . . . . . . . . . . . . . . .. . . . . . . . 54.3 904 2.3 0.9 65.6 32.0 27.3 21.6 0.54
- UTI Nifty Next 50 Indx Fund . . . . . . . . . . . . . . . . . .. . . . . . . . 21.5 3146 0.8 0.4 56.8 19.5 17.1 - 0.07
- Nippon Ind Multi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 244.6 26809 1.7 0.9 47.5 27.7 20.7 17.8 0.37 ★★★★★ Quant Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 38.9 2208 2.0 0.7 74.2 43.7 35.9 24.4 0.58
- Quant Active . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 631.8 8467 1.8 0.7 47.8 29.2 29.2 23.9 0.54 ★★★★ BOI Manufacturing & Infra. . . . . . . . . . . . . . . . . . . . .. . . . . . . . 47.8 239 2.4 1.0 56.7 28.9 26.0 19.7 0.55
- Sundaram Multi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 322.5 2391 2.0 0.9 37.5 21.2 18.6 17.6 0.37 ★★★★ ICICI Pru Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 164.9 4574 1.9 1.2 61.5 37.8 27.7 20.0 0.50 PASSIVE FUNDS - TRACKING BANKING INDEX
★★★★ SBI Infrastructure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 44.9 2266 2.1 1.6 61.5 31.4 25.8 20.1 0.49
EQUITY - MID CAP FUNDS - ICICI Pru Nifty Private Bank ETF . . . . . . . . . .. . . . . . . . 23.8 1911 0.2 - 14.0 8.5 - - 0.05
★★★ Bandhan Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 42.9 1009 2.3 1.1 71.1 31.8 24.3 18.6 0.43
- Nippon Ind ETF Nifty Bank BeES. . . . . . . . .. . . . . . 487.5 6120 0.2 - 16.4 11.2 11.5 15.2 0.05
★★★ Canara Robeco Infrastructure . . . . . . . . . . . . .. . . . . . 126.4 502 2.5 1.2 52.5 29.4 24.0 19.3 0.46
★★★★★ PGIM India Midcap Opport. . . . . . . . . . . . . . . . . . . .. . . . . . . . 53.2 9977 1.7 0.4 23.7 19.2 24.7 17.9 0.49 - Nippon Ind ETF Nifty PSU Bank BeES. . . . . . . . 81.4 2561 0.5 - 84.9 47.0 20.0 12.2 0.07
★★★ DSP India T.I.G.E.R. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 263.8 3253 2.0 1.1 61.6 32.9 24.9 20.1 0.46
★★★★★ Quant Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 213.9 5422 1.8 0.7 61.7 36.8 30.9 20.3 0.61
★★★ Franklin Build India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 122.2 2149 2.1 1.1 70.4 33.1 25.0 23.4 0.45
★★★★ Axis Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 89.5 24534 1.6 0.5 35.1 17.5 20.5 20.2 0.45
★★★ Kotak Infra & Economic Reform . . . . . . . . . .. . . . . . . . 56.0 1543 2.1 0.7 45.4 29.8 23.9 20.2 0.45 PASSIVE FUNDS - TRACKING MIDCAP INDEX
★★★★ Edelweiss Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 77.2 5067 1.8 0.4 48.4 24.6 24.6 22.7 0.47
★★★ LIC MF Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 37.8 199 2.5 1.5 60.1 28.5 22.9 16.4 0.43
★★★★ Motilal Oswal Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 77.2 8481 1.8 0.6 51.5 32.0 26.2 22.4 0.47 - ICICI Pru Midcap Select ETF . . . . . . . . . . . . . . . . . .. . . . . . 150.4 42 0.2 - 57.0 19.5 18.2 - 0.64
★★★ Tata Infrastructure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 163.9 1804 2.2 1.3 61.3 31.2 25.3 19.8 0.50
★★★★ Nippon Ind Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3263.8 24481 1.7 0.9 51.9 26.9 25.0 20.8 0.49 - Motilal Oswal Nifty Midcap 100 ETF . . .. . . . . . . . 52.2 352 0.2 - 58.6 27.4 23.7 20.0 0.05
★★ Aditya Birla SL Infrastructure . . . . . . . . . . . . . . .. . . . . . . . 83.7 964 2.4 1.5 57.4 27.1 22.1 18.0 0.40
★★★ Baroda BNP Paribas Mid Cap . . . . . . . . . . . . . . .. . . . . . . . 85.3 1791 2.1 0.6 43.6 21.6 22.8 20.3 0.47 - Nippon Ind ETF Nifty Midcap 150 . . . . . . .. . . . . . 184.4 1271 0.2 - 54.3 26.1 24.4 - 0.05
★★ HSBC Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 40.0 2188 2.1 1.0 55.3 29.5 20.9 20.2 0.38
★★★ HDFC Mid-Cap Opport . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 158.6 60187 1.5 0.8 55.0 28.6 24.4 22.1 0.48
★★ Sundaram Infra Advantage. . . . . . . . . . . . . . . . . . .. . . . . . . . 82.2 865 2.5 1.9 55.3 26.3 21.3 18.0 0.38
★★★ Invesco India Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 127.8 4240 1.9 0.6 45.6 22.2 21.8 21.0 0.45
★ HDFC Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 41.7 1607 2.2 1.3 76.4 35.9 20.6 15.7 0.37 PASSIVE FUNDS - TRACKING SMALLCAP INDEX
★★★ Kotak Emerging Equity . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 103.1 39738 1.5 0.4 34.8 21.2 22.5 22.7 0.44
★ UTI Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 126.0 2014 2.2 1.9 50.6 23.2 20.2 16.3 0.37
★★★ SBI Magnum Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 198.9 16459 1.7 0.8 34.6 22.5 22.7 19.5 0.44
- Taurus Infrastructure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 60.6 8 2.5 2.1 55.8 23.8 20.3 18.1 0.41 - ABSL Nifty Small 50 Indx . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 17.4 148 1.1 0.5 67.5 - - - 0.09
★★★ Tata Mid Cap Growth. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 364.6 3293 1.9 0.8 47.9 22.6 22.1 21.1 0.45
- Nippon Ind Nif Small250 Indx . . . . . . . . . . . . . .. . . . . . . . 28.8 1197 0.9 0.3 59.6 26.7 - - 0.08
★★★ Taurus Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 113.6 117 2.6 2.2 50.0 22.7 22.2 20.6 0.45
EQUITY - THEMATIC - MNC FUNDS
★★★ UTI Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 252.6 10072 1.8 0.8 36.1 19.5 20.9 19.7 0.42
★★ DSP Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 118.0 16312 1.7 0.7 38.3 15.1 17.4 19.0 0.37 SMART BETA FUNDS
- Aditya Birla SL MNC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1150.0 3550 2.0 1.2 27.5 7.4 9.2 14.9 0.20
★★ Franklin Ind Prima . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2182.8 10181 1.8 1.0 43.6 19.0 18.7 19.5 0.37
- SBI Magnum Global . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 335.3 6322 1.9 1.2 19.4 13.9 15.2 15.9 0.38 - ICICI Pru Nifty 100 Low Vol 30 ETF . . . . . .. . . . . . . . 19.8 2515 0.4 - 40.3 18.6 17.8 - 0.04
★★ HSBC Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 314.9 9725 1.8 0.7 51.5 21.8 19.4 21.1 0.38
- UTI MNC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 344.2 2727 2.0 1.2 28.5 14.0 12.4 15.6 0.28 - ICICI Pru Alpha Low Vol 30 ETF . . . . . . . . . . . .. . . . . . 269.2 779 0.4 - 56.5 24.3 - - 0.04
★★ ICICI Pru Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 240.8 5418 1.9 1.0 48.4 23.0 21.1 20.1 0.40
- Nippon Ind ETF Nifty 50 Value 20 . . . . . . . .. . . . . . 142.6 110 0.3 - 35.3 21.7 20.3 - 0.04
★ Aditya Birla SL Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 641.7 4982 1.9 1.1 40.9 21.6 18.0 18.1 0.36
EQUITY - SECTOR - BANKING FUNDS - SBI Nifty 200 Quality 30 ETF. . . . . . . . . . . . . . . . . .. . . . . . 201.0 73 0.5 - 34.2 16.8 16.0 - 0.04
★ Sundaram Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1103.0 10262 1.8 1.0 50.0 22.9 19.5 19.8 0.36
- UTI Nif200 Momentum 30 Indx Fund .. . . . . . . . 21.3 4121 0.9 0.5 67.9 - - - 0.07
- LIC MF Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 23.5 243 2.5 1.6 44.7 17.4 17.2 - 0.33
★★★★★ Sundaram Fin Serv Opport . . . . . . . . . . . . . . . . . . .. . . . . . . . 89.4 1150 2.2 0.8 37.2 17.5 18.5 16.8 0.32
★★★★ SBI Banking & Fin Serv . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 33.2 4972 1.9 0.8 30.2 12.2 14.5 - 0.25
EQUITY - SMALL CAP FUNDS PASSIVE FUNDS - GOLD ETF AND SILVER ETF
★★★★ Tata Banking and Fin Serv . . . . . . . . . . . . . . . . . . . .. . . . . . . . 34.4 1944 2.0 0.5 23.7 12.2 14.6 - 0.28
★★★★★ Nippon Ind Small Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 142.4 46044 1.5 0.7 52.7 33.8 29.3 27.7 0.52 ★★★ Aditya Birla SL Bank & Fin Serv. . . . . . . . . . . .. . . . . . . . 50.6 3023 2.0 1.0 27.2 13.4 13.1 17.0 0.24
★★★ ICICI Pru Banking & Fin Serv . . . . . . . . . . . . . . . . .. . . . . . 107.4 7322 1.9 1.0 22.3 12.3 11.9 17.1 0.21 - HDFC Gold ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 57.3 4118 0.6 - 16.5 13.1 14.4 7.4 -
★★★★★ Quant Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 238.0 17193 1.7 0.7 65.2 42.8 36.3 20.5 0.60
★★★ Invesco India Fin Serv . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 109.5 726 2.4 1.1 35.6 15.8 15.6 17.3 0.28 - ICICI Pru Silver ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 73.7 1331 0.4 - 11.7 - - - -
★★★★ AXIS Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 86.8 19531 1.6 0.5 37.5 26.2 26.1 23.5 0.52
★★★ Nippon Ind Banking & Fin Serv . . . . . . . . . . . .. . . . . . 518.7 5225 1.9 1.1 30.7 19.0 14.4 16.8 0.25 - Nippon Ind ETF Gold BeES . . . . . . . . . . . . . . . . . . . .. . . . . . . . 55.2 8929 0.8 - 15.0 12.5 14.2 7.2 -
★★★★ Kotak Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 217.9 14196 1.7 0.4 34.2 22.4 25.7 22.2 0.48
★★ Baroda BNP Paribas Bank&Fin Serv . .. . . . . . . . 38.7 121 2.5 1.3 26.5 10.5 12.5 14.0 0.23 - Nippon Ind Silver ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 71.1 1518 0.5 - 11.5 - - - -
★★★ DSP Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 160.5 13710 1.7 0.8 42.1 25.9 24.3 23.8 0.48
★★ LIC MF Banking & Fin Serv . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 18.4 295 2.5 1.2 20.2 12.3 12.3 - 0.23 - SBI Gold ETF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 56.8 3761 0.7 - 15.2 12.8 14.3 7.3 -
★★★ HDFC Small Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 119.7 28599 1.6 0.6 46.3 30.7 22.7 21.1 0.42
★★★ SBI Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 150.4 25525 1.6 0.7 34.6 23.1 24.5 26.4 0.52 ★ UTI Banking and Fin Serv . . . . . . . . . . . . . . . . . . . . . .. . . . . . 154.5 1022 2.3 1.2 24.9 12.5 10.4 13.4 0.19
- Taurus Banking & Fin Serv . . . . . . . . . . . . . . . . . . . .. . . . . . . . 47.4 10 2.5 1.8 25.7 13.2 14.7 14.7 0.26 Source : ACE MF. NAV for the growth option as on 08-03-2024. Returns for regular plans considered.
★★★ Union Small Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 41.1 1328 2.1 0.9 41.3 24.9 24.8 - 0.49

CM
YK ... . . . . . . BM-BME
 Star Track MF Ratings . bl . 11
MUMBAI

businessline.portfolio
SUNDAY - MARCH 10 - 2024

bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) AA bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) AA bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) AA
NAV Corpus NAV Corpus 3 Year 5 Year & Below NAV Corpus 3 Year 5 Year & Below
Regular Direct 1 Month 3 Month 6 Month 1 Year & Below Regular Direct 1 Year 2 Year Regular Direct 1 Year 2 Year
(₹) (₹ Cr) Absolute Absolute Absolute CAGR (₹) (₹ Cr) CAGR CAGR CAGR CAGR (₹) (₹ Cr) CAGR CAGR CAGR CAGR

★★ Bandhan Bond - Medium Term . . . . . . . . . . .. . . . . . . . 41.3 1657 1.5 0.8 7.5 4.5 4.5 6.0 - ★★ LIC MF Banking & PSU Debt . . . . . . . . . . . . . . . . . .. . . . . . . . 31.4 1352 0.8 0.3 7.4 5.4 4.7 6.1 -
★★ DSP Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 73.5 354 0.8 0.4 8.0 5.6 5.3 5.3 - ★★ Sundaram Banking & PSU Debt . . . . . . . . . .. . . . . . . . 38.7 350 0.4 0.2 7.6 5.5 4.6 6.0 -
CASH FUNDS ★ Nippon Ind Strategic Debt . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.9 120 2.0 1.4 8.1 5.1 9.3 -1.0 28.01 ★★ UTI Banking & PSU. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.8 983 0.6 0.3 7.6 9.0 7.2 6.0 -
- Baroda BNP Paribas Med Duration . . . .. . . . . . . . 17.1 29 1.0 0.7 8.2 5.7 5.1 3.6 13.94 ★ HSBC Banking and PSU Debt . . . . . . . . . . . . . . .. . . . . . . . 21.9 4595 0.6 0.2 7.3 4.5 4.3 6.2 -
LIQUID FUNDS - Franklin Ind Income Opport . . . . . . . . . . . . . . . . .. . . . . . . . 24.9 0 - - 15.6 4.5 4.8 6.1 - ★ Invesco India Banking and PSU . . . . . . . . . .. . . 2042.0 122 0.7 0.3 7.6 4.7 5.0 5.9 -
- Sundaram Medium Term Bond . . . . . . . . . . .. . . . . . . . 63.4 46 2.2 1.3 6.3 3.8 3.5 4.5 2.18
- Aditya Birla SL Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 383.8 43962 0.3 0.2 7.4 7.3 7.1 7.2 - - UTI Medium Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 16.5 41 1.6 1.0 7.3 5.2 5.9 4.3 27.40 DEBT - GILT FUND WITH 10 YEAR CONSTANT DURATION
- Axis Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2650.9 33841 0.2 0.2 7.5 7.3 7.2 7.2 -
- Bandhan G-Secs - Constant Maturity. . . . . . . . 40.6 341 0.5 0.3 9.3 6.1 5.1 7.8 -
- HDFC Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4675.0 62569 0.3 0.2 7.5 7.3 7.1 7.2 -
- DSP 10Y G-Sec . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.5 49 0.5 0.3 9.3 6.0 4.1 6.6 -
- HSBC Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2375.1 19885 0.2 0.1 7.4 7.3 7.1 7.2 - DEBT - MEDIUM TO LONG DURATION FUNDS
- ICICI Pru Constant Maturity Gilt . . . . . . . . . .. . . . . . . . 22.0 2457 0.4 0.2 9.3 6.2 5.5 8.0 -
- ICICI Pru Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 352.7 52980 0.3 0.2 7.4 7.3 7.1 7.2 -
★★★★★ UTI Medium to Long Duration . . . . . . . . . . . . .. . . . . . . . 66.3 303 1.6 1.3 7.9 9.7 9.7 4.8 1.58 - SBI Magnum Constant Maturity . . . . . . . . . .. . . . . . . . 56.9 1637 0.6 0.3 9.1 6.3 5.4 7.3 -
- Kotak Liquid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4815.8 36628 0.3 0.2 7.4 7.2 7.1 7.2 -
- Nippon Ind Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 5815.2 35419 0.3 0.2 7.5 7.3 7.1 7.2 - ★★★★ ICICI Pru Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 36.1 2974 1.0 0.6 8.8 6.7 5.7 7.3 -
★★★★ SBI Magnum Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 63.9 1729 1.5 0.8 8.5 6.2 5.5 7.6 24.59 DEBT - GILT FUNDS
- SBI Liquid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3727.5 69299 0.3 0.2 7.4 7.2 7.1 7.1 -
- Tata Liquid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3751.8 29639 0.3 0.2 7.4 7.3 7.1 7.2 - ★★★ Aditya Birla SL Income . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 113.6 1789 1.1 0.7 8.0 5.4 5.7 7.2 -
★★★★★ ICICI Pru Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 92.4 4879 1.1 0.6 8.9 7.5 6.2 8.0 -
- UTI Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3907.8 26477 0.3 0.2 7.4 7.3 7.1 7.2 - ★★★ Kotak Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 69.6 1834 1.8 0.6 8.2 5.5 5.1 6.9 -
★★★★★ SBI Magnum Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 59.7 7951 1.0 0.5 9.7 7.2 6.2 8.3 -
★★★ LICMFMediumtoLongDurationBond . . . . . . . . 64.9 185 1.2 0.2 8.3 5.9 4.8 6.1 -
OVERNIGHT FUNDS ★★★★ Axis Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 22.9 254 0.8 0.4 9.2 6.2 5.2 7.7 -
★★★ Nippon Ind Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 81.5 277 1.5 0.6 8.5 6.5 5.4 7.0 -
★★★★ DSP Gilt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 86.8 713 1.2 0.6 10.2 6.9 6.1 8.2 -
★★ Bandhan Bond - Income . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 59.5 491 2.0 1.3 7.8 4.5 4.3 6.4 -
- HDFC Overnight . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3508.0 9602 0.2 0.1 6.5 6.6 6.6 6.6 - ★★★★ Edelweiss G-Secs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 22.3 139 1.2 0.5 9.2 6.1 6.0 8.0 -
★★ Canara Robeco Income . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 50.7 125 1.9 0.8 7.1 4.9 4.2 6.0 -
- SBI Overnight . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3833.2 14903 0.2 0.1 6.4 6.5 6.6 6.6 - ★★★ Aditya Birla SL G-Secs . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 73.9 1481 1.1 0.5 9.3 5.8 5.8 7.5 -
★ HDFC Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 52.5 758 0.9 0.8 8.1 5.2 4.3 5.7 -
- UTI Overnight . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3230.8 5570 0.1 0.1 6.5 6.6 6.7 6.7 - ★★★ Bandhan G-Secs - Investment . . . . . . . . . . . . .. . . . . . . . 32.2 1543 1.1 0.5 10.4 6.1 5.7 8.1 -
- HSBC Medium to Long Duration . . . . . . . . .. . . . . . . . 38.3 46 1.9 0.7 7.2 4.4 4.2 5.5 -
★★★ HDFC Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 49.8 2401 0.9 0.5 8.3 5.7 5.1 6.2 -
ARBITRAGE FUNDS - JM Medium to Long Duration. . . . . . . . . . . . . . .. . . . . . . . 56.0 22 1.0 0.5 8.1 5.0 4.4 2.5 -
★★★ Kotak Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 87.9 3137 1.5 0.5 8.5 6.2 5.4 7.3 -
★★★ Nippon Ind Gilt Securities . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 34.6 1531 1.4 0.6 8.8 6.0 5.2 7.2 -
- Aditya Birla SL Arbitrage . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 24.3 10668 1.0 0.4 8.7 8.8 7.6 7.6 -
★★★ PGIM India Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 27.5 120 1.5 0.5 8.9 5.9 5.2 6.6 -
- Bandhan Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 29.7 5768 1.1 0.4 8.4 8.6 7.5 7.6 - DEBT - LONG DURATION FUNDS
★★★ UTI Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 56.9 580 1.0 0.7 8.7 6.6 5.3 7.2 -
- Edelweiss Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 17.7 8768 1.1 0.4 9.1 9.1 7.8 7.7 -
- ICICI Pru Long Term Bond . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 80.6 733 0.9 0.4 9.4 6.2 4.9 6.9 - ★★ Baroda BNP Paribas Gilt . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 38.1 1416 0.5 0.1 9.3 6.0 5.2 6.3 -
- HDFC Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.0 10994 1.0 0.5 8.7 8.8 7.7 7.6 -
- Nippon Ind Nivesh Lakshya . . . . . . . . . . . . . . . . . .. . . . . . . . 16.1 7258 0.6 0.3 10.4 7.5 5.9 8.2 - ★★ Canara Robeco Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 68.8 103 1.3 0.5 8.4 5.9 4.9 6.6 -
- ICICI Pru Equity-Arbitrage . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 31.3 16307 0.9 0.3 8.5 8.6 7.5 7.6 -
★★ Tata Gilt Securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 70.9 438 1.7 0.5 9.0 6.5 5.2 6.4 -
- Invesco India Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 29.2 14593 1.1 0.4 8.6 8.7 7.7 7.7 0.10
★ Franklin Ind G-Secs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 53.2 138 1.1 0.6 6.0 4.5 4.5 5.4 -
- Kotak Equity Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 34.2 39099 1.0 0.4 9.2 9.2 8.0 7.9 -
DEBT - DYNAMIC BOND FUNDS ★ HSBC Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 60.4 209 1.7 0.5 7.6 5.5 4.5 6.0 -
- Nippon Ind Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 24.3 13854 1.1 0.4 8.8 8.8 7.5 7.5 -
- Invesco India Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2578.4 247 1.3 0.5 9.9 6.8 5.1 6.1 -
- SBI Arbitrage Opport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.9 27798 1.0 0.4 8.6 8.6 7.6 7.8 -
★★★★★ Aditya Birla SL Dynamic Bond . . . . . . . . . . . . .. . . . . . . . 41.5 1717 1.2 0.6 8.2 7.5 6.7 5.9 3.49 - LIC MF Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 54.5 47 1.5 1.7 8.6 5.3 4.6 6.6 -
- UTI Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 32.0 4472 0.9 0.4 8.4 8.7 7.6 7.6 -
★★★★★ ICICI Pru All Seasons Bond . . . . . . . . . . . . . . . . . . . .. . . . . . . . 33.2 11810 1.3 0.5 8.2 7.0 6.1 7.8 21.64
★★★★ 360 ONE Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.2 735 0.5 0.3 9.3 6.2 6.4 6.6 - DEBT - FLOATER FUNDS
bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) AA
NAV Corpus
★★★★ HDFC Dynamic Debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 81.1 659 0.9 0.7 8.0 5.7 6.2 6.3 -
Regular Direct 1 Year 2 Year 3 Year 5 Year & Below
(₹) (₹ Cr) CAGR CAGR CAGR CAGR (%) ★★★★ SBI Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 32.3 3023 1.4 0.6 9.2 6.9 5.6 7.6 - ★★★★★ HDFC Floating Rate Debt . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 44.8 14765 0.5 0.3 7.9 6.7 5.8 6.8 6.96
★★★ Axis Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 26.5 1726 0.6 0.3 8.0 5.5 5.7 7.3 - ★★★★ Aditya Birla SL Floating Rate . . . . . . . . . . . . . . . .. . . . . . 313.6 11705 0.5 0.2 7.7 6.6 5.8 6.6 -
★★★ Bandhan Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 31.2 2259 1.6 0.8 9.9 5.6 5.3 7.3 - ★★★ ICICI Pru Floating Interest . . . . . . . . . . . . . . . . . . . . .. . . . . . 381.9 10236 1.3 0.6 7.7 6.8 5.6 6.7 9.11
DEBT FUNDS ★★★ Baroda BNP Paribas Dynamic Bond . .. . . . . . . . 41.5 141 1.7 0.7 8.3 6.2 5.3 6.0 - ★★★ Nippon Ind Floating Rate . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 40.5 7844 0.6 0.3 7.8 5.9 5.5 6.9 -
★★★ DSP Strategic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3057.8 903 1.2 0.5 11.0 6.6 6.0 7.4 - ★★ Franklin Ind Floating Rate . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 36.5 309 1.0 0.2 7.5 6.3 5.3 5.7 3.27
★★★ Kotak Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 33.9 2488 1.3 0.5 9.4 6.0 5.6 7.2 - ★ UTI Floater . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1363.1 1485 0.9 0.4 7.2 5.9 5.0 5.9 -
DEBT - ULTRA SHORT DURATION FUNDS
★★★ Nippon Ind Dynamic Bond . . . . . . . . . . . . . . . . . . .. . . . . . . . 33.3 4549 0.7 0.3 8.2 5.7 5.6 6.7 -
★★★★★ Nippon Ind Ultra Short Duration . . . . . . . .. . . 3670.7 5478 1.2 0.4 7.0 6.0 6.6 4.9 10.69 ★★★ UTI Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.0 508 1.6 0.7 8.0 9.8 10.2 6.6 - bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) Sortino
NAV Corpus 5 Year 10 Year Ratio
★★★★★ UTI Ultra Short Duration . . . . . . . . . . . . . . . . . . . . . . . .. . . 3865.7 2197 1.0 0.4 7.0 5.9 5.9 5.1 11.23 ★★ HSBC Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 26.7 168 0.8 0.2 8.1 5.8 5.0 6.3 - Regular Direct 1 Year 3 Year
(₹) (₹ Cr) CAGR CAGR CAGR CAGR (%)
★★★★ Aditya Birla SL Savings . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 495.7 12705 0.6 0.3 7.4 6.3 5.6 6.2 10.60 ★★ Mirae Asset Dynamic Bond . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.7 193 1.1 0.2 6.9 4.2 3.9 6.1 -
★★★★ ICICI Pru Ultra Short Term . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.2 13883 0.8 0.4 7.2 6.1 5.4 6.1 7.97 ★★ PGIM India Dynamic Bond . . . . . . . . . . . . . . . . . . . .. . . 2382.2 121 1.6 0.4 8.1 5.7 4.9 6.4 -
★★★★ PGIM India Ultra Short Duration . . . . . . . . .. . . . . . . . 31.2
★★★ Axis Ultra Short Term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.5
274
4453
0.9
1.1
0.3
0.3
6.7
6.8
5.8
5.7
4.9
4.9
6.6
5.3 10.64
- ★ Canara Robeco Dynamic Bond . . . . . . . . . . .. . . . . . . . 27.0
★ Union Dynamic Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 21.2
112
114
1.8
1.5
0.7
1.2
7.5
8.3
5.5
5.2
4.3
4.5
5.9
6.2
-
-
OVERSEAS FUNDS
★★★ Bandhan Ultra Short Term . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.8 3958 0.5 0.3 7.3 6.1 5.2 5.6 - - Aditya Birla SL Dynamic Bond . . . . . . . . . . . . .. . . . . . . . 28.7 1717 - 0.6 8.2 7.5 6.7 5.9 3.49
★★★ BarodaBNParibasUltraShortDurat . . . .. . . 1401.1 1431 0.5 0.3 7.4 6.4 5.6 5.7 2.29 - Groww Dynamic Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1346.0 38 1.5 0.5 6.1 4.8 4.6 5.7 - OVERSEAS FUNDS - GLOBAL
★★★ HDFC Ultra Short Term . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.8 12661 0.7 0.4 7.2 6.1 5.3 5.8 - - JM Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 37.4 43 1.0 0.6 7.6 5.9 5.3 5.5 -
- Mahi Manu Dynamic Bond . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.0 66 1.6 0.4 7.7 4.9 3.8 4.6 7.59 - Aditya Birla SL Global Eme Oppo. . . . . . . .. . . . . . . . 23.1 271 1.1 0.6 21.0 9.6 13.2 5.2 0.28
★★★ Invesco India Ultra Short Duration . . . .. . . 2456.6 630 0.9 0.2 7.2 5.9 5.0 5.3 8.09
- Quantum Dynamic Bond. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.3 97 1.0 0.5 9.4 7.1 6.2 7.3 - - Aditya Birla SL Interna Equity A. . . . . . . . . . .. . . . . . . . 32.9 198 2.5 2.0 8.6 6.9 9.7 7.7 0.18
★★★ Kotak Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 39.1 12814 0.8 0.4 7.1 6.0 5.1 5.6 2.44
- ICICI Pru Global Stable Eq (FOF) . . . . . . . . .. . . . . . . . 24.4 120 1.5 0.8 11.3 10.7 10.4 8.9 0.21
★★★ SBI Magnum Ultra Short Duration. . . . . .. . . 5432.3 9213 0.5 0.3 7.2 6.1 5.2 5.7 -
- PGIM India Global Equity Opport . . . . . . .. . . . . . . . 40.4 1439 2.4 1.4 45.6 7.6 17.6 9.6 0.32
★★ BOI Ultra Short Duration . . . . . . . . . . . . . . . . . . . . . . .. . . 2896.9 144 1.2 0.8 6.4 5.6 4.8 5.2 -
DEBT - CORPORATE BOND FUNDS - Sundaram Global Brand . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.0 119 2.3 1.3 25.1 10.7 12.2 7.4 0.27
★★ Canara Robeco Ultra Short Term . . . . . . . .. . . 3476.7 543 1.0 0.4 6.6 5.5 4.6 4.8 -
★★ DSP Ultra Short . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3108.8 2771 1.0 0.3 6.9 5.7 4.8 5.1 -
★ Motilal Oswal Ultra Short Term . . . . . . . . . . .. . . . . . . . 15.3 166 1.1 0.6 6.1 5.0 4.2 4.4 -
★★★★★ ICICI Pru Corporate Bond . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 26.8 26051 0.6 0.3 7.9 6.7 5.9 7.3 - OVERSEAS FUNDS - EMERGING MARKETS
★★★★★ Nippon Ind Corporate Bond . . . . . . . . . . . . . . . . .. . . . . . . . 53.7 2613 0.7 0.3 8.1 6.3 6.0 6.7 -
★ Sundaram Ultra Short Duration . . . . . . . . . .. . . 2471.3 1839 1.4 0.2 6.3 5.2 4.4 4.6 -
★★★★ Aditya Birla SL Corporate Bond. . . . . . . . . . .. . . . . . 101.3 21535 0.5 0.3 8.0 6.4 5.9 7.4 - - Edelweiss EM Opport Eq Offshore . . . . . .. . . . . . . . 14.4 116 2.2 1.3 4.3 -7.0 3.1 - 0.00
- Aditya Birla SL Savings . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 285.5 12705 0.3 0.3 7.4 6.2 5.5 6.3 10.60
★★★★ Axis Corporate Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 15.3 5242 0.9 0.3 7.6 5.8 5.3 6.3 - - Edelweiss Gr China Eq Off-Shore . . . . . . . .. . . . . . . . 32.3 1236 2.4 1.4 -16.9 -15.5 3.8 6.5 0.06
★★★★ HDFC Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 29.2 28269 0.6 0.4 8.0 5.9 5.7 7.3 - - HSBC Global EM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 17.0 28 2.4 1.7 2.9 -5.8 4.1 4.7 0.03
★★★ Bandhan Corporate Bond . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 17.3 13744 0.6 0.3 7.2 5.1 5.1 6.5 - - Kotak Global Emerging Market . . . . . . . . . . .. . . . . . . . 21.5 94 1.7 1.3 9.6 -2.4 7.5 4.5 0.15
DEBT - LOW DURATION FUNDS
★★★ Franklin Ind Corporate Debt. . . . . . . . . . . . . . . . .. . . . . . . . 88.7 739 0.8 0.3 7.0 5.3 5.0 6.3 - - Nippon Ind ETF Hang Seng BeES . . . . . . . .. . . . . . 238.0 462 0.9 - -17.7 -12.2 -5.5 2.0 -0.21

★★★★★ ICICI Pru Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 490.4 17855 0.5 0.4 7.8 6.7 5.7 6.6 4.20 ★★★ HSBC Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 65.7 6175 0.6 0.3 7.8 5.3 5.5 7.6 -
★★★★★ UTI Low Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3208.8 3151 0.5 0.4 7.5 6.2 7.2 4.6 2.38 ★★★ Kotak Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3383.1 11423 0.7 0.3 7.7 5.9 5.5 6.7 - OVERSEAS FUNDS - US FOCUSED
★★★★ Aditya Birla SL Low Duration. . . . . . . . . . . . . . . .. . . . . . 597.8 12058 1.2 0.4 7.0 5.9 5.2 6.0 7.79 ★★★ PGIM India Corporate Bond. . . . . . . . . . . . . . . . . .. . . . . . . . 39.0 107 1.0 0.3 7.1 5.3 5.1 6.5 -
★★★★ Axis Treasury Advantage . . . . . . . . . . . . . . . . . . . . . . .. . . 2798.7 4760 0.6 0.3 7.4 6.1 5.4 6.2 4.52 ★★★ Sundaram Corporate Bond . . . . . . . . . . . . . . . . . .. . . . . . . . 36.1 779 0.5 0.3 6.7 5.4 5.2 7.1 - - DSP US Flexible Equity . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 52.1 860 2.3 1.5 23.0 13.6 16.8 13.1 0.36

★★★★ HDFC Low Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 52.4 15464 1.0 0.5 7.3 6.0 5.2 6.2 6.73 ★★★ UTI Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.7 3485 0.6 0.3 7.6 5.7 5.3 7.2 - - Edelweiss US Value Eq Offshore. . . . . . . . . .. . . . . . . . 28.5 97 2.3 1.4 12.3 12.4 13.2 10.2 0.22

★★★★ Nippon Ind Low Duration . . . . . . . . . . . . . . . . . . . . . .. . . 3397.3 5960 0.9 0.4 7.1 5.8 5.3 5.8 6.42 ★★ Canara Robeco Corporate Bond . . . . . . . . .. . . . . . . . 19.7 149 1.0 0.4 6.7 5.0 4.7 6.1 - - Franklin In Fdr - Franklin US Opp . . . . . . . .. . . . . . . . 64.2 3568 1.5 0.5 46.9 10.3 17.0 13.5 0.30

★★★ Bandhan Low Duration . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 35.0 5284 0.6 0.3 7.3 5.9 5.2 5.9 - ★★ DSP Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.4 2591 0.6 0.3 7.5 4.8 4.4 6.3 - - ICICI Pru US Bluechip Equity . . . . . . . . . . . . . . . .. . . . . . . . 57.8 2949 2.0 1.1 22.1 13.4 16.9 13.9 0.35

★★★ Canara Robeco Savings . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 38.3 874 0.6 0.3 7.3 5.9 5.0 5.7 - ★★ Invesco India Corporate Bond . . . . . . . . . . . . .. . . 2854.9 2983 0.7 0.3 7.5 5.4 5.0 6.7 - - Motilal Oswal Nasdaq 100 ETF . . . . . . . . . . . .. . . . . . 147.7 7435 0.6 - 49.8 18.5 24.8 20.6 0.51

★★★ DSP Low Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 18.0 4284 0.6 0.3 7.2 5.9 5.2 5.9 - ★ Baroda BNP Pari Corporate Bond . . . . . .. . . . . . . . 24.6 144 0.6 0.2 7.9 5.0 4.5 4.3 -
★★★ HSBC Low Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.7 477 0.6 0.3 7.5 5.9 5.2 5.3 9.64 ★ Union Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.7 452 0.7 0.4 7.2 5.0 4.8 5.3 - bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) Sortino
NAV Corpus 5 Year 10 Year Ratio
★★★ Invesco India Low Duration . . . . . . . . . . . . . . . . . .. . . 3432.9 1182 0.6 0.3 7.3 5.9 5.1 6.0 2.12 Regular Direct 1 Year 3 Year
(₹) (₹ Cr) CAGR CAGR CAGR CAGR (%)
★★★ Kotak Low Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3035.6 8587 1.2 0.4 6.9 5.7 5.0 6.0 5.93
DEBT - CREDIT RISK FUNDS
★★★ SBI Magnum Low Duration . . . . . . . . . . . . . . . . . . .. . . 3174.3 10088 1.0 0.4 7.1 5.8 5.0 5.7 5.24
★★★ Tata Treasury Advantage . . . . . . . . . . . . . . . . . . . . . . .. . . 3566.4
★★ Baroda BNP Paribas Low Duration . . . .. . . . . . . . 36.5
2512
256
0.6
1.1
0.3
0.4
7.2
7.0
5.9
5.6
5.2
4.9
4.8
5.6 7.76
- ★★★★★ Baroda BNP Paribas Credit Risk. . . . . . . . . .. . . . . . . . 19.9 163 1.6 0.8 7.6 6.2 10.1 7.1 69.06 SOLUTION ORIENTED FUNDS
★★★★★ DSP Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 39.5 195 1.2 0.4 16.4 13.1 9.4 7.3 80.77
★★ LIC MF Low Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 36.0 1257 1.0 0.3 6.9 5.6 4.8 4.9 2.21 ★★★★ Aditya Birla SL Credit Risk . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 18.6 986 1.6 0.7 7.4 7.5 6.9 6.6 49.79
★★ Mahi Manu Low Duration . . . . . . . . . . . . . . . . . . . . . .. . . 1487.7 521 1.1 0.3 6.9 5.6 4.8 5.5 11.26
SOLUTION ORIENTED - CHILDREN'S FUNDS
★★★★ ICICI Pru Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.5 7250 1.6 0.9 8.7 6.8 6.7 7.7 56.15
★★ Mirae Asset Low Duration . . . . . . . . . . . . . . . . . . . . . .. . . 2050.9 463 0.9 0.3 7.0 5.7 4.9 5.2 5.41 ★★★ Axis Credit Risk. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.2 472 1.6 0.8 7.4 6.0 5.9 5.9 55.11 - Axis Children's Gift . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 22.0 791 2.4 0.9 15.3 8.5 11.8 - 0.27
★ JM Low Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 33.6 249 0.8 0.4 6.9 5.7 4.9 5.0 4.00 ★★★ HDFC Credit Risk Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 21.7 8191 1.6 1.0 7.6 5.8 6.2 7.5 52.70 - HDFC Children's Gift. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 256.9 8452 1.8 0.9 27.1 18.0 16.9 15.7 0.41
★ Sundaram Low Duration . . . . . . . . . . . . . . . . . . . . . . .. . . 3147.4 390 0.9 0.3 6.7 5.7 5.0 1.5 4.84 ★★★ HSBC Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 26.1 570 1.7 0.9 6.8 5.3 5.6 4.6 61.66 - ICICI Pru Child Care (Gift Plan). . . . . . . . . . . . .. . . . . . 278.9 1171 2.2 1.4 43.1 18.7 15.6 15.2 0.36
★★★ Invesco India Credit Risk . . . . . . . . . . . . . . . . . . . . . . .. . . 1718.4 137 1.5 0.3 12.3 7.5 6.2 5.4 44.90 - LIC MF Children's Gift . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 29.9 15 2.5 1.9 28.3 11.9 12.9 10.2 0.28
★★★ Nippon Ind Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 31.2 1031 1.6 0.9 8.3 6.2 8.4 4.1 56.77
DEBT - MONEY MARKET FUNDS - SBI Mag Children's Benefit - Sav . . . . . . . . .. . . . . . . . 93.8 108 1.2 0.9 20.0 12.8 11.0 13.0 0.53
★★★ SBI Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 41.0 2557 1.6 0.9 8.9 6.7 6.3 6.7 58.88 - Tata Young Citizens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 54.8 332 2.6 2.2 31.9 16.9 17.4 13.3 0.37
★★★★★ Aditya Birla SL Money Manager. . . . . . . . . . .. . . . . . 335.0 19231 0.3 0.2 7.7 6.5 5.7 6.2 - ★★ Bandhan Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.9 367 1.7 0.7 6.5 5.0 4.8 5.9 62.23 - UTI CCF- Investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 72.9 950 2.3 1.2 27.5 13.4 15.1 14.7 0.30
★★★★★ Nippon Ind Money Market. . . . . . . . . . . . . . . . . . . . .. . . 3757.3 13165 0.4 0.3 7.7 6.6 5.7 6.0 - ★★ Bank of India Credit Risk . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 11.4 142 1.5 1.2 6.9 56.8 41.5 -2.8 49.80 - UTI CCF- Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 35.6 4365 1.7 1.5 15.7 9.9 9.4 10.4 0.28
★★★★ HDFC Money Market. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 5178.5 17645 0.4 0.2 7.6 6.4 5.6 6.1 - ★ Kotak Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 26.7 861 1.7 0.8 8.2 4.4 4.8 5.8 65.36
★★★★ Tata Money Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4275.6 16515 0.4 0.2 7.7 6.5 5.6 6.1 - ★ UTI Credit Risk. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 15.4 406 1.7 0.9 7.0 5.6 10.8 -1.5 61.67
SOLUTION ORIENTED - RETIREMENT FUNDS
★★★★ UTI Money Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2790.5 13070 0.3 0.2 7.7 6.5 5.6 6.0 -
★★★ DSP Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 47.9 4331 0.4 0.2 7.4 6.0 5.2 5.7 - - Franklin Ind Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 194.8 497 2.3 1.5 18.6 9.3 9.4 10.4 0.34
DEBT - BANKING AND PSU FUNDS
★★★ Franklin Ind Money Market . . . . . . . . . . . . . . . . . . .. . . . . . . . 45.4 1567 0.3 0.1 7.6 6.3 5.4 5.9 - - HDFC Retirement Savings - Equity . . . . .. . . . . . . . 44.0 4705 1.8 0.7 38.7 24.7 21.7 - 0.45
★★★ ICICI Pru Money Market . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 343.5 15531 0.3 0.2 7.7 6.5 5.5 6.0 - - HDFC Retire Savings-Hybrid-Debt . . . . .. . . . . . . . 19.5 155 2.1 0.9 13.5 8.4 8.6 - 0.54
★★★★★ ICICI Pru Banking & PSU Debt . . . . . . . . . . . . . .. . . . . . . . 29.5 8699 0.7 0.4 7.8 6.5 5.8 7.1 -
★★★ Kotak Money Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4067.2 16489 0.4 0.2 7.6 6.5 5.6 5.9 - - HDFC Retire Savings Hybrid Eq . . . . . . . . . . .. . . . . . . . 34.3 1338 2.1 1.0 29.2 16.6 16.2 - 0.40
★★★★★ Kotak Banking and PSU Debt . . . . . . . . . . . . . .. . . . . . . . 58.9 5951 0.8 0.4 7.6 5.9 5.5 7.1 2.32
★★★ Sundaram Money Market . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.6 127 0.3 0.3 7.3 6.2 5.3 5.6 - - LIC MF Unit Linked Insurance. . . . . . . . . . . . . . .. . . . . . . . 32.3 481 2.5 1.6 21.5 12.4 12.7 11.1 0.27
★★★★ Aditya Birla SL Bank & PSU Debt . . . . . . . . .. . . . . . 330.2 9737 0.7 0.4 7.5 5.8 5.5 7.0 -
★★ HSBC Money Market. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 24.0 1203 0.6 0.3 7.3 5.9 4.9 5.5 - - Nippon Ind Retire-Income Gene . . . . . . . . .. . . . . . . . 18.4 167 2.1 1.2 14.4 7.2 8.1 - 0.46
★★★★ Edelweiss Banking and PSU Debt . . . . . .. . . . . . . . 22.2 296 0.7 0.4 7.8 5.4 5.9 7.8 -
★★ Invesco India Money Market. . . . . . . . . . . . . . . . .. . . 2768.5 3382 0.5 0.2 7.4 5.9 5.1 5.4 - - Nippon Ind Retire-Wealth Cre. . . . . . . . . . . . . .. . . . . . . . 25.1 2991 2.0 1.0 41.9 19.5 14.4 - 0.26
★★★★ HDFC Banking and PSU Debt . . . . . . . . . . . . . . .. . . . . . . . 20.7 6068 0.8 0.4 7.6 5.7 5.3 6.9 -
★★ SBI Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 37.7 19357 0.8 0.3 7.2 6.0 5.1 5.6 - - Tata Retirement Savings Con. . . . . . . . . . . . . . .. . . . . . . . 28.5 167 2.2 1.0 13.7 6.6 7.9 9.1 0.36
★★★ Axis Banking & PSU Debt . . . . . . . . . . . . . . . . . . . . . . .. . . 2376.2 13930 0.6 0.3 7.3 5.6 5.1 6.6 -
★ Bandhan Money Manager . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 36.6 4327 1.0 0.2 6.9 5.7 4.8 5.1 - - Tata Retirement Savings Moderate . . .. . . . . . . . 54.3 1896 2.0 0.6 28.4 12.8 13.3 15.7 0.31
★★★ Bandhan Banking & PSU Debt . . . . . . . . . . . . .. . . . . . . . 22.2 14375 0.6 0.3 7.4 5.6 5.2 7.0 -
★ Edelweiss Money Market . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 26.0 343 1.0 0.4 6.8 5.4 4.5 6.0 - - Tata Retirement Savings Progre . . . . . . . . .. . . . . . . . 55.2 1723 2.1 0.6 33.4 13.7 14.6 16.1 0.30
★★★ DSP Banking & PSU Debt . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 21.7 2365 0.6 0.3 8.1 5.8 5.2 6.8 -
★★★ Franklin Ind Banking & PSU Debt . . . . . . .. . . . . . . . 20.3 639 0.6 0.3 7.5 5.6 5.2 6.7 4.73 - UTI Retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 43.5 4263 1.7 1.0 20.7 12.9 10.9 10.6 0.37
DEBT - SHORT DURATION FUNDS ★★★ Nippon Ind Banking & PSU Debt . . . . . . . . .. . . . . . . . 18.7 5362 0.8 0.4 7.7 5.6 5.4 7.0 -
★★★ SBI Banking and PSU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2810.0 4262 0.8 0.3 7.4 5.3 4.8 6.5 6.45 Source : ACE MF. NAV for the growth option as on 08-03-2024. Returns for regular plans considered.
★★★★★ ICICI Pru Short Term. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 54.2 18987 1.1 0.5 7.8 6.7 5.9 7.2 10.98
★★★★★ UTI Short Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.6 2503 1.0 0.3 7.8 6.0 7.1 5.2 4.59
★★★★ Aditya Birla SL Short Term . . . . . . . . . . . . . . . . . . . .. . . . . . . . 42.8 7275 0.9 0.3 7.6 6.1 5.6 7.0 6.76
★★★★ Axis Short Term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 27.8
★★★★ HDFC Short Term Debt . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.7 14612
★★★ Bandhan Bond - Short Term. . . . . . . . . . . . . . . . .. . . . . . . . 51.4
8278

8537
0.9
0.7
0.8
0.3
0.4
0.3
7.5
7.9
7.6
5.8
6.0
5.4
5.3
5.6
5.0
6.8
7.0
6.4
1.38
7.41
-
Our Ratings Our rating is based on the historical
performance of funds (regular plans)
measured both in terms of return
within each category, from 5-star to
1-star, with 5-star being the best
rating. Ratings for all funds now are
(passive) and exposure to ‘AA &
below’ rated instruments (debt, cash
categories) are also added. While the
★★★ Baroda BNP Paribas Short Duration .. . . . . . . . 26.4
★★★ DSP Short Term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 42.0
★★★ Kotak Bond Short Term . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 47.0 14738
226
2984
1.1
1.0
1.2
0.4
0.3
0.4
7.8
7.4
7.3
5.5
5.3
5.4
5.1
4.8
5.0
6.0
6.2
6.4
4.39
-
-
Methodology (rolling return) and risk (sortino
ratio).
Rolling returns help identify
based on data as on December 31,
2023.
ratings will be revised only at fixed
intervals, returns data shown here are
updated weekly. For other metrics, the
★★★ Nippon Ind Short Term. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 47.4 5986 0.9 0.4 7.6 5.5 5.4 6.6 3.09 schemes that have delivered relatively ADDITIONS latest available data is considered.
★★★ SBI Short Term Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.9 12797 0.9 0.4 7.4 5.6 5.1 6.4 4.29 consistent returns during various We have newly introduced Passive,
★★★ Sundaram Short Duration . . . . . . . . . . . . . . . . . . . .. . . . . . . . 39.9 191 0.8 0.3 7.5 5.7 5.4 4.4 - market cycles and over the long run. Cash and Overseas categories. Under RATINGS EXCLUSIONS
★★ HSBC Short Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 23.8 3554 0.8 0.3 7.2 5.1 4.8 6.2 - We have considered one-, three- and international funds, we have Funds with a corpus of less than ₹100
★★ Mirae Asset Short Duration . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.2 343 1.2 0.3 7.0 5.3 4.8 6.0 2.92 five-year rolling returns for a total of showcased select global funds under crore, those that have less than a
★★ Tata Short Term Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 43.4 2325 1.2 0.3 7.2 5.4 4.8 6.2 - seven-year NAV history for equity and three sub-groups — US-focused, seven-year or five-year NAV history,
★ Canara Robeco Short Duration . . . . . . . . . . .. . . . . . . . 23.1 408 1.0 0.4 6.9 5.1 4.5 5.8 - hybrid funds. For debt-oriented funds, emerging markets and global. Under categories that have less than five
★ Invesco India Short Duration . . . . . . . . . . . . . . .. . . 3220.6 468 1.2 0.4 7.4 5.1 4.6 6.0 - we have considered one-, two- and the passive category, we have funds, and schemes that have
- Bank of India Short Term Income . . . . . . .. . . . . . . . 23.9 82 1.1 0.5 6.6 16.6 12.0 3.6 - three-year rolling returns for a total of cherry-picked funds based on metrics undergone a drastic change in their
- Franklin Ind Short Term Income . . . . . . . . .. . . 5149.4 13 0.0 0.0 5.0 7.9 9.3 5.4 - five-year NAV history. Sortino ratio such as relatively-low tracking error, mandate and portfolio (including
- Groww Short Duration . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1890.0 38 1.6 0.4 5.9 4.3 3.9 4.3 - measures the performance of the higher trading volumes in ETFs (to multi-cap category) are not rated.
schemes during downtrends, thus ensure enough liquidity) and higher Retirement funds, children’s funds
capturing the downside risk. One-year AUMs. and overseas funds are also not rated
DEBT - MEDIUM DURATION FUNDS trailing return is also considered to Expense ratio for both direct and as the investment styles of funds
assess the fund’s recent performance. regular plans are disclosed now. For within each of these categories are not
To arrive at the final score, we have equity, passive, overseas and homogeneous. Passive funds cannot
★★★★★ Aditya Birla SL Medium Term . . . . . . . . . . . . . . .. . . . . . . . 34.2 1887 1.6 0.9 7.6 14.1 12.5 8.7 28.02
assigned a 60 per cent weightage for solution-fund categories, 10-year be rated based on return metrics and
★★★★ Axis Strategic Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.0 1977 1.1 0.4 8.2 6.3 6.1 6.9 30.58
past performance based on rolling returns have been brought in to give hence excluded. Since liquid,
★★★★ ICICI Pru Medium Term Bond . . . . . . . . . . . . . . .. . . . . . . . 40.2 6408 1.4 0.7 7.7 6.3 6.1 7.4 36.38
returns. Sortino ratio and one-year long-term investors, a perspective. overnight and arbitrage funds are
★★★ HDFC Medium Term Debt . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 50.7 4198 1.3 0.6 7.8 5.6 5.6 6.8 18.49 performance is given a 30 per cent and Three new metrics for all funds — predominantly short-term parking
★★★ HSBC Medium Duration . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 18.3 817 1.1 0.4 8.0 5.6 5.4 6.4 16.28 10 per cent weightage respectively. sortino ratio (equity, solution, grounds for cash, we haven’t rated
★★★ Kotak Medium Term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.4 1730 1.6 0.6 8.4 5.5 5.7 6.1 25.74 The final score is used to rate funds overseas categories), tracking error these as well.
★★★ SBI Magnum Medium Duration . . . . . . . . . . .. . . . . . . . 46.1 6560 1.2 0.7 8.1 6.0 5.6 7.6 26.87

CM
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12 . bl . News
MUMBAI

businessline.portfolio
SUNDAY - MARCH 10 - 2024

Ashwini Vaishnaw unveils carbody Farmers to hold rail roko

protest for 4 hours on Sunday
of Vande Bharat’s sleeper trainset Our Bureau
ernment wanted to give MSP
only for five years on the line of
New Delhi
contract farming, it said.
TECH BOOST. Railway Minister also commissioned the India Validation Centre at Applied Materials India Farmer leader Amarjeet
Farmer unions, currently lead- Singh Mohri said the local po-
ness of our approach to build India’s ing the protest at the Punjab- lice did not allow farmers who
Our Bureau resiliency in chip manufacturing and Haryana border after the reached Delhi from different
Bengaluru Applied Materials has been a trusted Centre blocked their march to States to protest at Jantar
partner in enabling the Indian semi- Delhi with the help of the Mantar. He said they will fight
Union Railway Minister Ashwini conductor dream,” Vaishnaw added. Haryana government, has an- against the Haryana govern-
Vaishnaw on Saturday unveiled the “We believe this is India’s time to nounced a “rail roko” protest, ment which they allege has
carbody structure of Vande Bharat’s shine, and Applied Materials’ India scheduled for four hours from been preventing them to
sleeper trainset that is being manu- Validation Centre is one of the many Sunday noon. To be held Amarjeet Singh Mohri, march ahead.
factured by BEML. milestones in our innovation jour- across the country, the protest farmer leader Speaking on the rail roko, he
The first Vande Bharat sleeper will ney,” said Prabu Raja, President of the is unlikely to have any impact said that women power will
be launched in the next five to six Semiconductor Products Group at on train services outside Pun- protesting farmer leaders last play an equal role in this cam-
months. It will come equipped with Applied Materials. jab, official sources said. month. paign and trains will be
advanced features such as special Ashwini Vaishnaw also launched Addressing media in stopped across the country.
roofing, enhanced air conditioning, IN THE WORKS. Union Minister Ashwini Vaishnaw inspecting the ongoing India's fastest and indigenously-de- Chandigarh on Saturday, lead- THE MSP ISSUE The rail roko protest,
virus control mechanisms, reduced work of Vande Bharat’s sleeper version at BEML in Bengaluru on Saturday signed IP/MPLS (Multiprotocol Label ers of Samyukt Kisan Morcha They said that the government though called by the SKM
jerks, noise and vibrations. Switching) router on Saturday in (non-political) and Kisan should not mislead the farm- (non-political) and KMM, has
BEML operates under the Ministry Bengaluru. Mazdoor Morcha (KMM) re- ers. Giving minimum support received support from five
of Defence and specialises in manu- sioned the India Validation Centre the upcoming India Collaborative En- MPLS is a routing technique in leased a detailed plan of the price (MSP) on some crops is other farmer unions of Punjab,
facturing products for a diverse range (IVC) at Applied Materials India. The gineering Centre including valida- telecommunications networks that protest in railway stations and completely misleading, they who are currently part of the
of sectors, including defence, Centre marks the next step in the tion, process engineering, lab man- directs data from one node to the the locations through which said. other faction under the SKM
aerospace, mining, construction, rail, company’s journey of enabling the agement and collaboration with next, based on labels rather than net- railway lines pass. “This is the same proposal banner. Apart from BKU
and metro systems. Additionally, it semiconductor ecosystem in India. academia and suppliers. The IVC adds work addresses. Speaking at the However, the major focus of which was earlier rejected by (Ugrahan), a major union in
has secured orders to produce 10 new capabilities to enable end-to-end launch event, Vaishnaw expressed im- the unions at the press confer- the farmer leaders in the last Punjab, Krantikari Kisan
trainsets comprising 160 coaches NEW CAPABILITIES design, characterisation and qualific- mense pride in the development and ence was on Food Minister meeting as it was contrary to Union, BKU (Malwa), BKU
each for the Vande Bharat Sleeper Built with the highest safety stand- ation of semiconductor equipment. launch of this secure core router, Piyush Goyal’s recent state- the main demands of the (Doaba) and BKU Dakaunda
project. ards, the IVC enables early pilots, tal- “The India Validation Centre is a test- boasting a capacity of 2.4 Terabits per ment about the formula pro- movement,” farmer leaders (Dhaner) have also decided to
The Minister has also commis- ent and capability development for ament to the dedication and effective- second. posed by the Centre to the said in a statement. The gov- take part in protest on Sunday.

EC Arun Goel resigns PM unveils projects worth

ahead of LS poll CBIC prescribes steps to empower women’s role in global trade
Our Bureau Shishir Sinha
Besides, there will be provision for
care infrastructure and services, es-
ility of gender-specific infrastruc-
tural facilities. According to the cir-
tions of trade — be it as traders, Cus-
toms house agents, freight forward-
₹17,500 crore in Assam
New Delhi New Delhi pecially creches, according to the cular, women’s participation in the ers, or Customs brokers,” the in Guwahati. Modi on Sat-
The Central Board of Indirect Taxes rules laid out in the Maternity Bene- CFS/AFS/ICD has increased signific- circular said. Press Trust of India urday also inaugurated the
In a surprise move, Election & Customs (CBIC) has prescribed fits Act, 2017. antly through the different job roles Keeping in view the growing parti- Guwahati strategic all-weather Sela
Commissioner Arun Goel measures to empower women to Also, internal complaints commit- and functions of trade in the recent cipation of women in the logistics Tunnel that connects Tezpur
resigned days ahead of declara- contribute meaningfully to the global tees (ICC) will be put in place in ac- past, which demands providing safe sector, “a conscious effort is required Prime Minister Narendra in Assam with Tawang in the
tion of Lok Sabha polls. Goel’s economy. These include greater rep- cordance with the provisions of the work places for women at such facil- by all participants, including partner Modi unveiled development West Kameng district of Ar-
resignation has left the three- resentation for women in trade bod- Prevention of Sexual Harassment At ities to foster an inclusive and re- government agencies (PGAs) and projects worth ₹17,500 crore unachal Pradesh, close to
member Chief Election Com- ies, besides providing gender-spe- Work Places Act, 2013. It has been spectful work environment for them. trade bodies, in this regard.” Accord- in Assam on Saturday. The China border. The tunnel,
mission with only Chief Election cific infrastructure at Customs posts. advised to hold regular gender sensit- ingly, it has been decided that the PM unveiled the projects situated at an altitude of
Commissioner Rajiv Kumar. The The Board came out with two cir- isation training sessions for staff of REPRESENTATION chief commissioners/commission- strengthening the health, oil 13,000 feet, is constructed by
other Election Commissioner, culars on the occasion of Interna- CFS/AFS/ICD and field formations. In view of the government’s dedica- ers must ensure women’s represent- and gas, railway and housing the Border Roads Organisa-
besides Goel, was Anup Pandey tional Women’s Day. One states that “There will be regular upgradation tion to promote Nari Shakti, “it is im- ation in the permanent trade facilita- sectors at a function in Jorhat. tion (BRO) at a cost of ₹825
who had completed his tenure in inland container depots (ICDs), con- of facilities from a gender perspect- perative to provide women a safe and tion committee (PTFC) and the He laid the foundation crore. It will reduce the travel
February, and since then the tainer freight stations (CFSs) and air ive,” the circular said, while adding secure work environment in their re- Customs clearance facility commit- stone of projects under the time by an hour.
Government had not brought freight stations (AFSs) will ensure that this was an indicative list and spective career fields,” it added. In tee (CCFC) meetings, preferably Prime Minister's Develop- Meanwhile, Union Civil
any replacement for him. “development of gender-responsive more would be added as and when re- the second circular, the Board said to through women’s associations. ment Initiative for North Aviation Minister
Goel’s resignation, less than infrastructure at the logistics facilit- quired. Further, it said the Prin- make the most of trade as a catalyst Top officials in the field will en- Eastern Region (PM-Dev- Jyotiraditya Scindia said the
four years before he would have ies to improve workplace efficiency cipal Commissioner/Commis- for equality, “women must be repres- courage trade bodies/custodians to INE) scheme. Among these Prime Minister will inaugur-
completed his tenure in Decem- of the women workforce, including sioner of Customs with ented at all levels”. establish help-desks and processing projects are a medical college ate and lay foundation stones
ber, 2027, was accepted by Pres- providing sufficient lighting, panic jurisdiction over CFS/AFS/ICD will Women must be represented mechanisms for women traders and and hospital at Sivasagar and of 16 airport projects on
ident Droupadi Murmu. buttons, etc.” take steps to encourage availab- across different job roles and func- women logistics service providers. a Hemato-Lymphoid Centre Sunday.

Pharma veteran Ranjit Shahani, key figure

in benchmark Glivec case, passes away at 74
ing disrespectful. Phone calls then said. One with “man-
PT Jyothi Datta were always answered, darins in Delhi” on liberal-
Mumbai emails got responses and in ising policies and increasing
over two decades of interact- investment in healthcare
A seasoned pharmaceutical ing with Shahani, there has and, the other, with Novartis
industry voice, known to be never been a terse word or urging it to invest in India
‘respectful’, even in the face slammed phone. And the despite the current climate.
of adversity — Ranjit conversations were insight- “We have to ensure that,
Shahani — former Vice- ful, into an otherwise opaque competitively, we lay the red
Chairman and Managing pharmaceutical industry. carpet, not the red tape,” he
Director of Novartis (India), A self-confessed ‘night- said.
passed away on Saturday. owl’, hurried night calls to Krishna Sarma, Managing
Shahani for a quick take on Partner of Corporate Law
OBITUARY. an industry controversy, Group, says Shahani presen-
Ranjit Shahani (1949-2024) were always treated to an ted the innovation case
Shahani, 74, was Novartis’ ABBA song, that was often “most convincingly” — be it
India chief when the Swiss his caller tune. to Indian or US government
drugmaker fought a bench- the poster boy or I was,” officials.
mark patent battle in the Shahani had told businessline TWO BATTLES Fake medicines was an-
country, involving its blood in a subsequent interaction, “He stood for the industry,” other subject close to his
cancer drug Glivec. Novartis recollecting the global scru- recalls Svetlana Pinto, who heart — “the perfect
lost the seven-year battle (to tiny, with his trademark dash worked with Shahani for murder”, he called it, where
get patent protection for of humour. Nevertheless, he over a decade and was then the person died of the illness
Glivec) in the Supreme admitted, “It was disap- the spokesperson for No- and evidence was lost.
Court (2013). But through- pointing…I was involved vartis, during the Glivec Shahani wore several hats,
out the high-profile battle, every step of the way.” case. including President Emer-
where emotions ran high, Journalists who covered A vocal advocate for an in- itus of Organisation of Phar-
Shahani remained almost this landmark case will re- novative ecosystem, Shahani maceuticals Producers of In-
unflappable, taking the member his willingness to walked the fine line of being dia (OPPI – a platform for
punches, so to speak, on his explain Novartis’ standpoint an Indian helming a multina- multinational drugmakers)
chin. — disagreeing with an article tional company in India. “I and Chairman of JB Chemic-
“I don’t know if Glivec was or viewpoint, but never be- fight two battles,” he had als & Pharmaceuticals.

HC to hear Killer Jeans’ plea against Netflix on Monday

the reputation and goodwill
Our Bureau generated thereunder. Such
Mumbai use will also result in dilution
of its mark which will
The Bombay High Court will weaken the said mark and
hear on Monday the suit filed cause irreparable harm, loss
by Killer Jeans maker Kewal and damage to our client.”
Kiran Clothing Ltd (KKCL) KKCL has sought ₹10
against Netflix for alleged crore in damages from Net-
trademark infringement by flix and have asked the
the use of the word “Killer“ makers to “cease and desist
in the title and promo mater- from using the word ‘Killer’
ial for Killer Soup, starring as part of the name of your
Manoj Bajpayee and web series.”
Konkana Sen Sharma.
Kewal Kiran Clothing has IN A SOUP. KKCL has sought ₹10 crore in damages from Netflix
impleaded the producers and has demanded to desist from using the word ‘Killer’ as part of businessline.
Macguffin Pictures LLP and the name of the web series KSL Disclaimer: Readers are requested to verify
& make appropriate enquiries to satisfy
Netflix Entertainment Ser- themselves about the veracity of an
vices India as defendants in advertisement before responding to any
published in this newspaper. THG
the suit. The film was re- trademark as a part of the you are guilty of infringing PUBLISHING PVT LTD., the Publisher &
leased by Netflix on its plat- name of the Netflix series. our client’s rights under the Owner of this newspaper, does not vouch for
the authenticity of any advertisement or
form on January 11, 2024. KKCL had sent legal notice said registered trademark advertiser or for any of the advertiser’s
products and/or services. In no event can the
to Netflix in January in which ‘Killer’. Such use of the mark Owner, Publisher, Printer, Editor, Director/s,
STRONG OBJECTION its lawyers stated, “By using ‘Killer’ by you will cause irre- Employees of this newspaper/company be
held responsible/liable in any manner
KKCL has taken a strong ob- the mark ‘Killer’ as part of parable loss, harm and dam- whatsoever for any claims and/or damages
for advertisements in this newspaper.
jection to the use of their the name of your web series, age to our client’s mark and

Published by Nirmala Lakshman at Kasturi Buildings, Jamshedji Tata Road, Mumbai-400020 and Printed by N. Vaidyanathan at Dangat Media Pvt. Ltd., No.22, Dighe Midc, Vishnu Nagar, TTC Industrial Area, Dighe, Navi Mumbai-400701, Maharashtra on behalf of THG Publishing Pvt. Ltd. Editor: Raghuvir Srinivasan (Responsible for selection of news under PRB Act). ISSN 0971 - 7528

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