Mutual Funds Debt

Schemes
Rochit Rajvanshi ( 2009195 ) Rani Treasa Joseph ( 2009209 ) Revati Naik ( 2009211 ) Rijo Jacob Abraham ( 2009214 ) Siddharth Seran ( 2009237 ) Smritti Bansal ( 2009243 ) Ruchika Puri ( 2009252 ) Prakhar Chawla ( 2009225 ) Shalini Singh ( 2009239 ) Shashiraj ( 2009244 )

MUTUAL FUNDS
• A trust that pools the savings of a number of investors who share a common financial goal.

• The most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost.

OPERATION OF A MUTUAL FUND

TYPES OF MUTUAL FUNDS

Open - ended Fund / Scheme

Available for subscription and repurchase on a continuous basis.

Closed - ended Fund / Scheme

Have a pre-specified maturity period.

MIPs -

Gets benefit of both equity and debt market.

Short Term Plans ( STPs )-  

Meant for investment horizon for three to six months.

Liquidfor short-term cash management of corporate houses and for an investment horizon of 1d Meant Funds :

Invest in both equities and fixed income securities, in line with pre-defined investment object Balanced Funds -

Five Phases development of MF sector
Estimated that by 2010 March-end assets of all scheduled commercial banks  will reach

UTI got bifurcated: UTI was established, First Specific(1964) scheme Undertaking Of the UTI & Other sponsored by SBI, PNB, BOB and LIC registered with SEBI. Entry of private sector funds First Mutual Fund Regulation

Entry of non-UTI mutual funds

Growth and Consolidation Several merges and acquisitions took place recently Many international players have entered India
 

10 Mutual Fund Debt schemes

1. CANARA ROBECO INCOME SCHEME-GROWTH

Objective : The primary objective is to generate income through investment in Debt and Money Market Securities of different maturity and issuers of different risk profiles. Features :
§ § § § § § Type of Scheme : Open Ended Expense Ratio (%): 2.07 Increase / Decrease in Fund Size since Sept 30 , 2009 ( Rs in Crores ): -20.33 Risk and return : § Scheme performance (%) as on dec 3 , 2009 , 3 years : 14 Risk - Mean : 0.56 Portfolio : No of Stocks : 4

• •

Sector Allocation

Current 58.26 Assets

Sovereign 22.14

NBFC 6.61

HFC 4.54

2. BIRLA SUN LIFE MIP – SAVINGS 5 -GROWTH

Objective : The scheme aims at long term capital appreciation by investing in a judicious mix of highly quality fixed income securities and small portion in equity. Features :
§ § § § § § §


Type of Scheme : Open Ended Inception Date : May 1,2004 Expense Ratio (%): 2.1 Increase / Decrease in Fund Size since Sept 30 , 2009 ( Rs in Crores ): 414.17 Risk and return : SCHEME PERFORMANCE (%) AS ON DEC 3 , 2009 , 3 YEARS : 12.37 Risk - Mean : 0.35 Portfolio : No of Stocks : 56

Sector Allocation

Bank 37.65

Sovereign 22.51

Current Assets 17.92

FI 11.5

3. HDFC MONTHLY INCOME PLAN-LONG TERM PLAN -GROWTH

Objective : To generate regular returns through investment primarily in Debt and Money Market Instruments. The secondary objective of the scheme is to generate long term capital appreciation by investing a portion of the scheme’s assets in equity and equity related instruments. Features :
§ § § § § Type of Scheme : Open ended Inception Date : Dec 26,2003 Expense Ratio (%): 1.77 Increase / Decrease in Fund Size since Sept 30 , 2009 ( Rs in Crores ): 683.01 Risk and return : SCHEME PERFORMANCE (%) AS ON DEC 3 , 2009 , 3


Sector Allocation

FI 20.9

HFC 11.81

Current Assets 10.96

Banks 10.8

Sovereign 10.15

4. RELIANCE MONTHLY INCOME PLANGROWTH

Objective : The primary objective of the scheme is to generate regular income in order to make regular dividend payments to unit holders with the secondary objective of growth in capital. Features :
§ § § § § §


Type of Scheme : Open Ended Inception Date : Expense Ratio (%): 1.89 Increase / Decrease in Fund Size since Sept 30 , 2009 ( Rs in Crores ): 567.67 Risk and return : SCHEME PERFORMANCE (%) AS ON DEC 3 , 2009 , 3 YEARS : 12.84 Risk - Mean : 0.43

Sector Allocation

Sovereign Banks 20.03 17.89

FI 15.66

HFC 10.39

5. PRINCIPAL MONTHLY INCOME PLAN PLUSGROWTH

Objective : The scheme aims to generate regular income through investments in fixed income securities so as to make periodical income distribution to the unit holders and also to generate long-term capital appreciation by investing a portion of the schemes assets in equity and equity related instruments. Features :
§ § § § § Type of Scheme : Open Ended Inception Date : Dec 30,2003 Expense Ratio (%): 2.25 Increase / Decrease in Fund Size since Sept 30 , 2009 ( Rs in Crores ): 7.4 Risk and return : SCHEME PERFORMANCE (%) AS ON DEC 3 , 2009 , 3


Sector Allocation

Sovereign Current 21.76 17.23 Assets

FI 17

Banks 10.6

6.DBS CHOLA MONTHLY INCOME PLAN

Objective : To generate Income through investments in a range of Debt, Equity and Money Market Instruments.


Features :
§ § § § § Type of Scheme : Open ended  Inception Date : 31-July-03  Expense ratio (%): 2.25  Increase / Decrease in Fund Size since Sep 30 , 2009 ( Rs . in crores ): 0.18 Risk and return : SCHEME PERFORMANCE (%) AS ON DEC 3 , 2009 , 3 Years

Sector Allocation

Banks 20.84

Current Assets 16.46

Auto & ancillaries .83

Engineering & capital Goods .43

7.CANARA ROBECO INCOME PLAN-GROWTH

Objective : To generate income by investing in a wide range of debt securities and Money Market Instruments of various maturities and risk profile and a small portion of investment in equities and equity related instruments.


Features :
§ § § § § Type of Scheme : Open-Ended Inception Date : 4-apr-88  Expense ratio (%): 2.5 Increase / Decrease in Fund Size since Sep 30 , 2009 ( Rs . in crores ): 34.59 Risk and return : SCHEME PERFORMANCE (%) AS ON DEC 3 , 2009 , 3 Years : 11.42

Sector Allocation

Banks 35.03

Sovereign 18.18

Petroleum, NBFC Gas and petrochemica 15.9 l products 11.53

8.FORTIS FLEXI DEBT FUNDGROWTH

Objective : To generate income through investments in a range of debt and money market instruments of various maturities with a view to maximize income while maintaining an optimum balance between yield, liquidity and safety. Features :
§ § § § Type of Scheme : Open ended Inception Date : 23-sep-04  Expense ratio (%): 2.06 Increase / Decrease in Fund Size since crores ): 21.06 Sep 30 , 2009 ( Rs . in

Sector Allocation

Banks NBFC Current Assets 42.85 28.93 14.78

Pharmaceutical& HFC Biotechnology 4.92 4.92

9.ICICI PRUDENTIAL INCOME FUNDGROWTH

Objective : Aims at maximizing income while maintaining optimum balance of yield, safety and liquidity Features :
§ § § § § § §


Type of Scheme : Open ended Inception Date : 9-jul 98 Expense ratio (%): 1.88 Increase / Decrease in Fund Size since Sep 30 , 2009 ( Rs . in crores ): -43.95 Risk and return : SCHEME PERFORMANCE (%) AS ON DEC 3 , 2009 , 3 Years : 11.22  Risk - Mean : 0.48 Portfolio : No . of Stocks : 14

Sector Allocation

Sovereign 50.04

Petroleum , Banks Gas and petrochemic 15.16 al products 12.33

Mining and minerals 8.88

10.HSBC MIP-SAVINGS PLAN-GROWTH

Objective : The primary objective is to seek generation of reasonable returns through investments in Debt and Money Market Instruments. The secondary objective of the Scheme is to invest in equity and equity related instruments to seek capital appreciation. Features :

§ § § § § § §

Type of Scheme : Open ended  Inception Date : 24-Feb-04 Expense ratio (%): 2.18 Increase / Decrease in Fund Size since Sep 30 , 2009 ( Rs . in crores ): 39.82 Risk and return : SCHEME PERFORMANCE (%) AS ON DEC 3 , 2009 , 3 Years : 11.17 Risk - Mean : .07 Portfolio : No . of Stocks : 34

Sector Allocation

Banks 21.05

Sovereign HFC 14.12 6.52

FI 4.41

10 Mutual Fund Debt schemes
Comparison

Fund Size & NAV

Net Asset Value : A mutual fund's price per share, =(Total value of all the securities in its portfolio- liabilities No. of fund shares outstanding.

SD & Beta

Standard Deviation : Tells us how much the return on the fund is deviating from the expected n

Beta : A measure of systematic risk of a security or a portfolio in comparison to th

Sharpe & Scheme Performance
= Expected portfolio return – Risk free rate Portfolio Standard deviation

Sharpe : Measures risk-adjusted performance Tells us whether a portfolio's returns are due to smart investment decisions or a

Scheme Performance : The return on Investment %

Style Box
  Long ICICI Prudential Income Fund -Growth Mid Short  

CRED IT QUAL ITY( safe ty)

Fortis Flexi Debt Fund 1. Canara Robeco Income High - Growth Scheme – Growth, 2. Birla Sun Life MIP Savings Growth, 3. DBS Chola Monthly Income Plan

 

1. HDFC Monthly Income Canara Robeco Monthly Mediu Plan - Long Term Plan , Income Plan - Growth m 2. Reliance Monthly Income Plan - Growth, 3. PRINCIPAL Monthly Income Plan Plus Growth, 4. HSBC MIP Savings Plan - Growth     Low

 

 

AVERAGE MATURITY

 

Best Performer Scheme
Company ICICI FFD CRIS REL HDFC PRIN BSLM HSBC DBS CRMI Sharpe 11.85 6.41 0.57 0.21 1.27 0 0.17 0.85 -0.18 0.21 Weightage 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 Scheme Perf (3 Weightage yrs) 11.22 11.32 14 12.84 12.13 11.99 12.37 11.17 11.89 11.42 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 Rating ScoreWeightage 7.0281 1.65765 1.6839 4.6828 2.9714 4.996 2.7422 2.3927 1.6742 1.6839 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Score 10.57062 7.91453 7.50778 7.41956 7.04028 6.9942 6.78444 6.31854 6.22584 6.10978

Thank You!