www.karvyvalue.

com
May, 2016

KARVYs

INVESTOR JOURNAL
Whats Inside Highlights of the Month
Market Review

Page 01

Karvy Investment Insignt

Page 03

Fund of The Month

Page 04

Readers Corner

Page 05

Story of The Month

Page 06

SIP Performance

Page 07

Category Average Returns

Page 08

Fixed Deposits Schemes

Page 09

Equity Funds Performance

Page 10

Debt Funds Performance

Page 11

Global Markets at a Glance

Page 12

Indices Watch

Page 13

The Securities and Exchange Board of India (Sebi) plans to

allow trading in weather derivatives, a financial instrument
for managing this risk in the agriculture sector. Sources say
a Sebi panel is analyzing pricing models on such derivatives
and working on the infrastructure needed. Unlike other
financial derivatives, those on the weather do not have a
definite pricing model.
Tata Mutual Fund has collaborated with Tinkle Digest to
curate a 32-page comic that seeks to educate people
about mutual funds. The book that consists of a series of
11 stories depicts Professor Simply Simply introducing and
explaining to Suppandi concepts related to investing using
everyday examples from the common mans life.
In an effort to ease retail participation in the securities
market, regulator SEBI will pitch for a common KYC (Know
Your Customer) norm for banking and the capital markets.
With this, your bank KYC specification will soon be enough for
you to avail of other financial services, offered by securities
market intermediaries.
The initial public offering (IPO) of Ujjivan Financial Services
got a strong response, with the issue receiving bids for
120.60 crore shares, which was 41 times the total issue size
of 2.96 crore shares.
Following a weak set of numbers for the three months to
March, ICICI Banks market value fell below that of Kotak
Mahindra Bank (KMB). The lender had however, regained
its No.3 spot in the market cap league by the close of the
session.

Fund of the Month

KARVYs

INVESTOR JOURNAL
May, 2016

FRANKLIN INDIA SMALLER COS FUND(G)

An open end diversified equity fund that seeks
to provide long term capital appreciation...

Page 04

INVESTOR JOURNAL
May, 2016

Market Review

lobal bond markets continued to

rally as yields fell sharply across
the key developed markets in March.
The US Fed gave out an extremely
dovish guidance during the month
which has pushed back markets
rate hike expectations significantly.
Separately, central banks in Japan
and Europe have continued to look
at aggressive monetary easing steps
to kick-start their economic growth.
Even while yields came down, risk
assets rallied sharply. EM equities
and commodities (including base
metals and crude) recovered from
their cyclical lows hit earlier this
year. Dollar gave up some of its gains
against major currencies.
On the other hand, Gold continued
its really strong performance in 2016
despite the turn in sentiment. Indian
bond markets too rallied sharply after
the budget as the promise to stick to
the fiscal roadmap saw a complete
turnaround in market sentiment.
Benchmark 10 year yields which were
trading at close to 7.6% as on month
ending February fell close to 10 bps
during the month to end at 7.5%.
INR ended the month of Apr at 66.42
against the USD.
Indian broader indices outperformed
most of the peers in the month.
Sensex and Nifty both were up by
1.04% and 1.44% respectively.
In the corresponding period, FIIs
were net buyers in Equity segment
worth around 3670 Crores and in
Debt segment worth 2437 Crores
respectively.
Mutual Funds were net sellers in
Equity to the tune of 273 Crores
and net buyers in debt up to 35,506
Crores.

Apart from FII and MF activity, Key domestic data released in the
month of April were:
1.Foreign Trade: The countrys
merchandise exports contracted by
5.47% (Y-o-Y) to USD 22.72 billion in
Mar16 as against USD 24.03 billion
recorded in Mar15. Cumulative exports
for Apr15- Mar16 decreased by 15.85%
to USD 261.14 billion.
The countrys merchandise imports bills
eased to USD 27.79 billion in Mar16
from USD 35.43 billion recorded a year
ago.
Oil imports eased further falling by
35.30% (Y-o-Y) to USD 4.80 billion in
Mar16.
The non-oil imports fell down by 17.92%
in Mar16 to USD 22.99 billion vis--vis
imports of USD 28.01 billion recorded in
same period of previous fiscal.
2.Inflation:
Wholesale Price Index based inflation
for Mar16 stood at -0.85% vs -0.91%
in Feb16.
Food article inflation, which was 6.62%
in the month of Feb16 fell to 5.27% yoy.
The fuel inflation stood at 3.38% in
Mar16 v/s 4.59% in the previous month.
CPI fell to 4.83% from 5.26% in Mar- 16.

Among the BSE sectoral indices, Realty,

Metal and Small Cap ended the month up
by 10.45%, 5.55% and 4.54% whereas
BSE IT fell by -0.51%.
Among the NSE sectoral indices, Realty,
Metal and Media ended the month up by
11.66%, 6.96% and 4.41% respectively.
Among the major Asian Indices, it was
a positive month for Hangseng, which
ended the month up by 1.40% whereas
Taiwan and Straits fell by 4.2% and
0.08% respectively.
It was a positive month for all European
indices with FTSE 100, BEL-20, CAC-40
and DAX ending up by 1.09%, 1.08%,
1% and 0.74%.
It was a good month for Major American
Indices with NASDAQ, Dow Jones and
S&P500 ending up by 4.68%, 0.50%,
and 0.27% whereas Dow Jones fell by
0.36%.
Among the major indices across the
world, Bovespa, Brazilian index was
exceptional, ending higher by 7.70%.

3.Index of Industrial Production (IIP):

Index of Industrial Production (IIP) for
Feb16 stood at 2%.
Manufacturing output saw marginal
expansion at 0.73% yoy in Feb16 against
5.13% in Feb15.
Basic Goods doubled to 5.41% in Feb16
against 4.91% in previous year.
Capital goods contracted by 9.77% in
Feb16 against expansion of 8.33% in
Feb15.

INVESTOR JOURNAL
May, 2016

FII Activity:

(Month Between 01-Apr-2016 to 30-Apr-2016)

Equity
Date

Gross Purchase (Cr.)

Debt
Gross Sale (Cr.)

Net (Cr.)

Date

1-Apr-16

736.40

947.50

-211.10

1-Apr-16

12-Apr-16

918.20

1,078.40

-160.20

18-Apr-16

963.30

1,263.60

25-Apr-16

632.50

27-Apr-16
Apr-16

MF Activity:

Gross Sale (Cr.)

Net (Cr.)

23.20

14.00

9.20

12-Apr-16

10,563.80

4,409.60

6,154.20

-300.30

18-Apr-16

10,332.70

15,925.90

-5,593.20

1,029.80

-397.30

25-Apr-16

5,948.20

4,658.70

1,289.50

1,139.80

879.30

260.50

27-Apr-16

5,550.40

5,399.50

150.90

4,981.80

15,255.20

-273.40

125,405.40

89,899.10

35,506.30

Apr-16

(Month Between 01-Apr-2016 to 30-Apr-2016)

Equity
Date

Gross Purchase (Cr.)

Gross Purchase (Cr.)

Debt
Gross Sale (Cr.)

Net (Cr.)

Date

Gross Purchase (Cr.) Gross Sale (Cr.)

Net (Cr.)

4-Apr-16

3,107.51

2,702.10

405.41

4-Apr-16

1,531.66

1,102.58

429.08

11-Apr-16

4,919.98

4,764.32

155.66

11-Apr-16

2,569.47

2,190.96

378.51

18-Apr-16

6,132.80

5,092.20

1,040.60

18-Apr-16

2,434.39

919.21

1,515.18

25-Apr-16

5,721.64

5,481.24

240.40

25-Apr-16

2,021.84

964.23

1,057.61

27-Apr-16

4,450.11

4,011.42

438.69

27-Apr-16

1,241.25

781.63

459.62

64,971.60

61,301.01

3,670.59

24,101.06

21,663.81

2,437.25

Apr-16

Apr-16

Sensex & Nifty:

S&P BSE SENSEX

CNX Nifty Index

Date

Close Price

Points Diff

31-Mar-16

25,341.86

4-Apr-16

25,399.65

57.79

8-Apr-16

24,673.84

18-Apr-16

%age Change

Date

Close Price

Points Diff

%age Change

31-Mar-16

7738.4

0.23%

4-Apr-16

7758.8

20.40

0.26%

-725.81

-2.86%

8-Apr-16

7555.2

-203.60

-2.62%

25,816.36

1142.52

4.63%

18-Apr-16

7914.7

359.50

4.76%

25-Apr-16

25,678.93

-137.43

-0.53%

25-Apr-16

7855.05

-59.65

-0.75%

29-Apr-16

25,606.62

-72.31

-0.28%

29-Apr-16

7849.8

1.04%

0.00%
1.44%

INVESTOR JOURNAL
May, 2016

Karvy Investment Insignt

Peace of mind and Wealth Creation ideas for long term

Karvy Insights brings to you investment wisdom to help our investors make sound investment decisions and
reach their goals faster. These inputs may not help you become wealthy in a short span of time, but they would
definitely give you peace of mind and a roadmap for your financial journey.

Create S.M.A.R.T. Goals

Not SMART

S
M
A
R

SPECIFIC

MEASUREABLE

ACHIEVABLE
REALISTIC

TIMELY

SMART

Specific

I want to go
somewhere
in my winter
vacation.

I want to visit
Goa on my winter
vacations.

Measurable

I need to save some

money for going on
a trip.

I need to save
Rs.3000 for going
on a trip.

Achievable

I will arrange all the

money myself.

I will request my
parents to give me
Rs.2000 & for the
rest I will use my
savings.

Realistic

I will start saving

the amount required
2 months before
leaving for the
vacation.

I will start saving

Rs.200 monthly
from my pocket
money.

Timely

I will save money

sometime soon.

I will save Rs.200

per month for
next 5 months.

INVESTOR JOURNAL
May, 2016

Fund of The Month

FRANKLIN INDIA SMALLER COS FUND(G)
Investment Objective:
An open end diversified equity fund that seeks to provide long term capital appreciation by investing in mid and small cap companies.

Portfolio:
Top 10 Companies Holdings
Name

Top 10 Sector Wise Holding

%age

Industry Name

Call Money

8.6

Bank - Private

Finolex Cables Ltd.

4.2

Other

8.6

eClerx Services Ltd.

2.9

Bearings

5.8

Yes Bank Ltd.

2.8

Air Conditioners

4.7

FAG Bearings India Ltd.

2.7

Cement & Construction Materials

4.4

Voltas Ltd.

2.4

IT - Software

4.3

Tata Motors - DVR Ordinary

2.3

Cable

4.2

Repco Home Finance Ltd.

2.3

Chemicals

4.2

Finolex Industries Ltd.

2.1

Printing And Publishing

3.4

HDFC Bank Ltd.

2.4

Construction - Real Estate

3.2

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

(%)
12.9

Indicates an increase or decrease in holding since last portfolio.

About Performance of the Scheme:

It is an open end diversified equity fund that seeks to provide long-term capital appreciation by investing in mid and small cap companies. The
fund has defined smaller (mid and small cap) companies as the ones which have market capitalization below that of 100th stock in the CNX 500
index. It focuses on identifying high growth companies operating in small cap space that are likely to transform into...
To read the full Information, Click Here

Tweet of the Month

As long as 80-90% of industry

AUM is with respectable & performing funds
beating benchmarks why assume distributor is not
doing good job?

- Aashish P Sommaiyaa @AashishPS

At 2 pc rental yield, we own

few houses! At 8 pc bond yields, we
Rent bonds!

Rule
#1: Dont lose money.
Rule #2: Dont forget rule # 1.
Rule #3: Haha good luck its actually
way harder than that.

- Kalpen Parekh@
KalpenParekh

- Morgan Housel @
TMFHousel

IIP
growth, better
than expectations. CPI below
expectations. Monsoons to be above
normal, Its raining good news.

- Sandip Sabharwal@
sandipsabharwal

If you want a plan by which

to stop drinking, look at a drunken
man when you are sober.

- Chinese Proverbs
@Proverbs_China

INVESTOR JOURNAL
May, 2016

Readers Corner

FIVE PARAMETERS TO CONSIDER WHILE PICKING A DEBT FUND

The universe of Debt Funds is a lot more complicated place viz-a-viz Equity Funds. This makes choosing a debt fund
lot more difficult than picking any equity scheme. Equity schemes are typically chosen based on certain factors such
as fund manager track record, 3-5-10 year returns, etc. However, debt funds performance would not be tracked that
far. In fact they act opposite to equities in terms of risk tolerance. In equity schemes, risk is higher when investment
duration is lower and higher when duration is lesser, whereas in debt funds, risk is lower when investment duration is
lower and vice versa.
Here are five parameters to help you pick a debt fund:

Corpus or AUM
The foremost factor to consider while choosing a debt fund, especially ultra short term, short or liquid funds would
be Corpus managed by the scheme or AUM (Assets under Management). This is extremely important since you would
expect excellent liquidity in debt funds due to the low duration of investment. Most of the times, only large AMCs would
be able to garner large AUMs due to their inherent popularity.

Average Maturity
Every debt fund holds certain securities such as Govt securities, T-bills, Commercial papers and other bonds. Bonds
have maturities anywhere between 30 days - 5 years or more. The risk in a debt mutual fund increases when the
average duration of the bonds it holds increases...
To read the full Article, Click here

INVESTOR JOURNAL
May, 2016

Story of The Month

PURPOSE OF LIFE
Once upon a time, there lived a wise man. He was the head of the local
administration of a small village. Everyone respected him and his views
and opinions were well regarded.
His son, however, was very lazy and wasted his time sleeping and
spending time with his friends.
As he grew older, the wise man began to worry about his sons future.
He recognized the need to give something to his son so that he can take
care of himself and his family to be.
One day, he called his son to his room and said -My son, you are no
more a kid now. You must learn to take responsibilities and understand
life.
He handed his son a bag. When the son opened the bag, he was surprised
to see 4 pair of clothes, one for each season. There also were some raw
food and a map. His father continued-I want you to go find a treasure.
I have drawn a map of the place where the treasure is hidden.

Direct Dil Se

The next day, he set out on his journey. He had to travel really far
across borders, forests and mountains. Months passed by. Along the way, he met a lot of people; some who
helped him and some who tried to rob him.
Finally, after a long year, he reached his destination. The map showed the treasure being placed below the
cliff under the tree. Upon spotting the tree, he began to dig the ground. He searched and searched but found
nothing. He spent two days looking. By the third day he decided to leave.
Disappointed, he headed back home. On his way back, he experienced the same changing seasons. This time,
however, he halted to enjoy the blooming flowers in spring and the dancing birds in monsoon. He stayed in
places only to watch the sun set or to enjoy pleasant summer evenings.
Since, the supplies he carried were over by then, he learned to hunt and make arrangement for his meals. He
learned how to shelter himself.
When he reached home, he walked straight into his fathers room.
The father immediately jumped to his feet and hugged his son. So how was your journey my son, did you find
the treasure he asked.
The journey was fascinating. But forgive me for I wasnt able to find it. There wasnt any treasure in the
very first place my son. Tell me how was your journey to the place? Did you enjoy it?
Of course not father! I had no time. I was worried someone else would find the treasure before I did. He
continued- but I did enjoy the journey on my way back home. I made many friends and witnessed miracles
every day. I learned many different skills and the art of survival.
The father said to him- Exactly my son. I want you to lead your life not only with a goal, but also learn to
experience the real treasures of life.

MORAL OF THE STORY:

The purpose of life is to live it, to taste experience to the utmost, to reach out
eagerly and without fear for newer and rich experiences.
Courtesy : Karvy Learning Center
6

INVESTOR JOURNAL
May, 2016

SIP Performance
S&P BSE SENSEX

Current
NAV (`)

3 Year SIP

5 Year SIP

Rs.36000

Rs.60000

Profit-SIP

XIRR(%)

Profit-SIP

XIRR(%)

Large-cap
Birla SL Advantage Fund(G)

292.31

11994.92

20.70

36603.83

19.73

Birla SL Equity Fund(G)

480.60

10675.08

18.60

34444.14

18.77

SBI BlueChip Fund-Reg(G)

28.50

10248.04

17.92

34436.62

18.77

BNP Paribas Equity Fund(G)

65.99

8642.90

15.30

30292.45

16.88

Reliance Vision Fund(G)

417.55

8399.47

14.90

24495.09

14.10

Reliance Growth Fund(G)

752.47

8145.39

14.47

25707.26

14.69

Birla SL Top 100 Fund(G)

41.87

7779.57

13.86

28478.41

16.03

Multi cap
Birla SL Pure Value Fund(G)
Birla SL India Opportunities Fund(G)
L&T India Value Fund(G)
ICICI Pru Value Discovery Fund(G)

38.93

16089.94

26.97

49562.19

25.09

114.41

14153.85

24.05

46369.03

23.82

24.24

14032.52

23.86

44791.62

23.19

112.20

13412.13

22.91

44583.02

23.10

Franklin India High Growth Cos Fund(G)

28.29

12624.05

21.68

43480.54

22.65

SBI Magnum Multicap Fund-Reg(G)

33.13

12111.53

20.88

36468.32

19.67

Sundaram Rural India Fund(G)

27.61

11960.98

20.65

32534.83

17.91

DSPBR Micro-Cap Fund-Reg(G)

42.79

24513.74

38.90

67770.71

31.74

SBI Small & Midcap Fund-Reg(G)

32.94

23931.82

38.11

70597.65

32.70

Reliance Small Cap Fund(G)

25.49

20343.86

33.14

61256.70

29.47

Franklin India Smaller Cos Fund(G)

40.32

19255.41

31.59

63818.34

30.38

SBI Magnum MidCap Fund-Reg(G)

61.22

18693.56

30.78

59988.12

29.01

Canara Rob Emerg Eq Fund-Reg(G)

58.94

18347.73

30.28

55590.86

27.40

Mirae Asset Emerging BlueChip-Reg(G)

30.95

18275.90

30.18

58182.45

28.35

Birla SL Tax Relief '96(G)

21.47

11999.82

20.71

37727.17

20.22

Axis LT Equity Fund(G)

29.75

11902.76

20.55

43252.30

22.55

Birla SL Tax Plan(G)

27.11

11420.42

19.79

36183.07

19.54

Reliance Tax Saver (ELSS) Fund(G)

43.74

11331.41

19.65

37255.71

20.01

Mid Cap & Small Cap

ELSS

Franklin India Taxshield(G)

422.37

11029.90

19.17

34538.28

18.81

BNP Paribas LT Equity Fund(G)

29.12

9993.32

17.51

34050.79

18.60

Religare Invesco Tax Plan(G)

34.40

9947.76

17.43

33077.38

18.16

Sector
Franklin Build India Fund(G)

28.50

15969.14

26.79

51117.07

25.70

137.32

14093.91

23.95

56335.63

27.67

Kotak Infra & Eco Reform Fund(G)

15.23

12706.71

21.81

31455.10

17.42

ICICI Pru Exports & Other Services Fund(G)

44.02

11809.44

20.41

50477.37

25.45

SBI Pharma Fund-Reg(G)

Reliance Pharma Fund(G)

134.11

10508.86

18.34

41053.45

21.64

L&T Infrastructure Fund(G)

10.26

10016.56

17.54

26224.61

14.95

DSPBR Natural Res & New Energy Fund-Reg(G)

19.32

10001.25

17.52

21080.00

12.38

ICICI Pru Nifty Next 50 Index Fund(G)

16.88

8143.31

14.47

27603.18

15.61

IDBI Nifty Junior Index Fund(G)

14.74

7681.53

13.70

26602.21

15.13

GS CNX 500(G)

27.47

4619.14

8.45

17180.09

10.33

R*Shares CNX 100 ETF

80.85

4173.93

7.66

0.00

0.00

HDFC Index Fund-Nifty(G)

69.38

3621.06

6.68

15632.98

9.49

Index

As on 02

nd

May16 (Funds have been arranged on 5 years performance)

INVESTOR JOURNAL
May, 2016

Category Average Returns

Category

Diversified

1 Week
Return

1 Month
Return

3 Month
Return

6 Month
Return

1 Year
Return

3 Year
Return

5 Year
Return

Since
Inception

Large-cap

-0.69

4.16

3.60

-3.68

-3.77

13.76

8.85

8.13

Mid-cap

-0.75

5.58

3.04

-2.72

1.29

27.16

16.98

11.02

Multi-cap

-0.72

4.61

3.74

-2.25

-1.16

17.59

10.28

12.81

Small-cap

-0.31

6.70

3.36

-1.79

4.28

35.08

19.30

18.65

Sub Category

Banks & Financial Services

0.68

7.72

8.57

-1.48

-6.09

10.65

8.64

11.36

Energy & Power

-0.42

5.54

4.27

2.02

1.17

16.54

2.72

9.92

FMCG

-0.60

4.94

2.38

-3.70

1.96

13.08

18.17

17.52

Infrastructure

-1.17

4.63

3.06

-2.91

-3.62

15.41

5.33

6.82

Media & Entertainment

-0.72

4.58

-1.37

0.50

10.69

13.48

10.43

12.31

Pharma & Health Care

-0.43

3.53

-5.47

-14.12

3.19

24.77

19.05

9.75

Service Industry

-0.77

2.90

-4.53

-8.56

2.85

32.34

20.00

15.29

TECk

-0.72

1.34

0.88

-0.93

9.77

25.95

13.64

10.25

Contra

-0.98

4.92

3.25

-1.01

1.57

23.52

13.45

13.09

Dividend Yield

-1.00

4.30

4.05

-3.38

-2.62

14.22

8.88

12.73

Index - Nifty

-0.62

3.47

3.98

-3.18

-3.70

11.26

7.23

11.43

Index - Sensex

-0.85

2.86

3.08

-4.56

-5.55

10.10

6.52

15.50

MNC

-0.37

3.03

3.43

-2.92

-0.17

32.46

21.46

18.39

Equity Exchange Traded Funds

-0.70

3.82

4.71

-3.64

-5.33

9.53

4.99

5.09

Equity Linked Savings Scheme

-0.54

4.63

3.50

-2.67

-1.74

17.56

10.80

12.16

Debt-Oriented

0.20

2.09

3.55

3.81

8.04

8.22

8.56

8.15

Equity-Oriented

0.02

0.71

1.58

2.74

6.00

8.33

8.34

7.35

Sector Funds

Speciality

Arbitrage
Funds

Asset Allocation

-0.09

2.57

3.78

1.28

2.36

7.92

7.80

7.63

Debt-Oriented

-0.50

1.11

1.86

0.04

0.93

9.70

9.36

5.12

Equity-Oriented

-0.41

3.58

3.51

-1.14

0.55

15.91

10.94

12.02

Category Capital Protection Funds

-0.33

1.24

2.05

1.06

3.48

9.72

Monthly Income Plans

-0.02

1.74

2.84

2.24

5.52

9.56

8.88

8.43

Debt-Oriented

-0.03

1.75

2.96

2.25

5.90

9.62

8.98

8.51

Equity-Oriented

-0.17

3.11

3.85

0.66

3.20

14.29

9.56

12.84

Hybrid-Oriented

-0.13

2.67

3.10

1.95

4.42

10.16

9.51

8.08

Gold - FOF

1.86

6.20

14.14

12.14

9.25

1.03

4.06

1.03

Gold Exchange Traded Funds

2.08

4.45

11.78

11.40

10.32

2.27

5.23

5.97

Long Term

0.11

1.18

2.91

3.23

7.20

7.81

8.72

8.25

Medium Term

0.08

1.12

2.53

3.60

7.97

8.39

9.16

8.49

Short Term

0.07

1.04

2.38

3.84

7.95

8.57

9.03

8.18

Long Term

0.12

1.38

3.80

3.32

7.11

8.25

9.06

8.61

Medium Term

0.13

1.28

3.47

3.24

7.29

8.09

8.60

8.57

Short Term

0.14

0.99

2.91

4.59

9.28

8.39

8.35

6.86

Long Term Floating Rate

0.13

1.20

2.75

4.06

8.71

8.55

8.81

7.44

Med Term Floating Rate

0.05

1.11

2.87

4.61

9.57

9.62

9.33

7.22

Short Term Floating Rate

0.09

0.88

2.16

3.85

8.15

8.59

8.89

7.65

Interval Funds - Half Yrly

0.14

0.71

1.95

3.83

7.94

8.41

8.82

8.05

Interval Funds - Monthly

0.13

0.63

1.88

3.68

7.99

8.62

8.76

8.13

Interval Funds - Quarterly

0.13

0.63

1.84

3.64

7.61

8.53

8.86

8.32

Interval Funds - Yearly

0.10

0.88

2.18

3.86

8.29

8.77

8.93

8.61

0.14

0.63

1.89

3.68

7.59

8.21

8.41

7.28

0.10

0.93

2.24

3.91

8.07

8.55

8.77

7.83

Balanced
Funds

Fund Of Funds

Income

Gilt

Floating Rate

SpecialityDebt
Liquid

Ultra Short Term Plan

Returns are as on 02

nd

May16

5.98

INVESTOR JOURNAL
May, 2016

Fixed Deposits Schemes

Industry

Interest Rate
* (Up to)

FAAA by CRISIL
ICRA MAAA

Bajaj Finserv is the most diversifed non-bank in the country, the largest
financier of consumer durables in India and one of the most profitable
firms in the category.

9.15%

DHFL Aashray Deposit

Plus

CARE AAA FD, BWR

FAAA

Dewan Housing Finance Ltd (DHFL) is the second housing nance

company to be set up in the private sector in India.

9.15%

Gruh Finance Ltd.

MAAA by ICRA, FAAA

by CRISIL

GRUH Finance Ltd is subsidiary of HDFC Ltd is housing nance company

(HFC) recognized by National Housing Bank.

8.25%

HDFC Ltd.

FAAA by CRISIL,
MAAA by ICRA

A pioneer and leader in housing nance in India, since inception, HDFC

has assisted more than 4.9 million customers to own a home of their
own. HDFC is the Largest mobiliser of public deposits outside the banking
system and the HDFC Group has a strong asset base of over Rs.2.97
trillion and a customer base of over 42.5 million.

8.65%

HUDCO

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

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

7.95%

ICICI Home Finance

Ltd

CARE FAAA,
ICRA MAAA

ICICI Home Finance Company Limited is one of the leaders in the Indian
mortgage finance and realty space.

8.85%

KTDFC is a Non Banking Financial Company fully owned by the Government

of Kerala.

8.75%

FD Name

Rating

Bajaj Finance Ltd.

KTDFC

LIC Housing Finance

Ltd.

FAAA / STABLE by
CRISIL

One of Indias largest housing finance companies, having nation-wide

network. Consistent record of dividend payments.

8.75%

Mahindra & Mahindra

Financial Services Ltd

CRISIL FAAA

Mahindra and Mahindra Financial Services Limited (MMFSL) commenced

its journey two decades back in the rural non-banking finance industry.

8.70%

PNB Housing Finance

Ltd.

FAAA by CRISIL

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

a partner of Destimoney Enterprises Pvt. Ltd. PNBHF was incorporated in
1988 and is based in New Delhi.

8.50%

Shriram City Union

Finance Ltd.

IND +AACARE AA FD

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

City is today Indias premier financial services company specializing in
retail finance.

9.00%

Shriram Unnati
Deposits

MAA+ by ICRA, FAA+ With a track record of about 30 years in this business, STFC is among the
by CRISIL
leading organized finance provider for the commercial vehicle industry

9.00%

Sundaram Home
Finance Ltd.

ICRA MAA+

Sundaram BNP Paribas Home Finance combines its expertise in Home

Finance with the Service Orientiation of its promoter Sundaram Finance.

8.75%

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

INVESTOR JOURNAL
May, 2016

Equity Funds Performance

Latest
NAV (`)

Scheme Name

Absolute
1 Year

CAGR
3 Year

5 Year

SINCE
INCEPTION

Diversified
DSPBR Micro-Cap Fund-Reg(G)

42.7940

8.9188

40.8613

22.2020

17.7834

UTI Transportation & Logistics Fund(G)

86.2733

3.6891

40.3871

25.6699

19.5931

Reliance Small Cap Fund(G)

25.4898

7.8485

38.6821

20.5932

18.1089

SBI Small & Midcap Fund-Reg(G)

32.9381

11.4765

38.1924

22.6794

19.6613

Franklin India Smaller Cos Fund(G)

40.3216

6.8153

35.7003

22.6684

14.4980

Axis LT Equity Fund(G)

29.7452

-0.6819

26.2587

18.8586

18.7700

Reliance Tax Saver (ELSS) Fund(G)

43.7371

-6.7150

24.0514

15.2512

14.9198

Birla SL Tax Relief '96(G)

21.4700

1.6527

23.6868

13.8835

10.0011

Birla SL Tax Plan(G)

27.1100

1.2289

22.7767

14.0973

10.9739

422.3702

2.6009

21.8909

14.7198

24.5261

44.0200

2.8427

32.3351

20.0040

15.2857

ELSS

Franklin India Taxshield(G)

Sector
ICICI Pru Exports & Other Services Fund(G)
Franklin Build India Fund(G)

28.4991

-1.4103

29.4668

19.1037

17.0432

137.3193

3.2280

29.3900

24.9398

18.0177

ICICI Pru Technology Fund(G)

41.6500

9.1492

29.1302

17.8825

9.2259

SBI IT Fund-Reg(G)

46.1990

3.4953

26.4799

BNP Paribas Dividend Yield Fund(G)

34.0480

0.4797

19.8603

13.4046

12.2194

Tata Dividend Yield Fund(G)

57.0581

-1.7747

17.3103

10.7533

16.4408

129.2100

-5.1459

13.5859

8.3372

21.3478

HSBC Dividend Yield Equity Fund(G)

15.6414

-2.9116

12.2722

6.9783

5.0301

UTI Dividend Yield Fund(G)

45.7715

-3.5590

11.2261

6.6511

14.8336

288.5431

1.6426

23.2884

21.9437

22.3772

ICICI Pru US Bluechip Equity Fund(G)

18.8100

3.9119

16.8987

Birla SL Intl. Equity Fund-B(G)

13.6818

-2.3487

11.9661

6.9969

3.7562

Birla SL Intl. Equity Fund-A(G)

15.8244

-9.1611

8.2570

9.1996

5.5471

2076.3181

-20.2364

7.1714

8.5316

8.7671

ICICI Pru Nifty Next 50 Index Fund(G)

16.8755

0.6741

17.2280

10.9724

9.3583

IDBI Nifty Junior Index Fund(G)

14.7350

0.2313

16.5276

10.6009

7.1528

GS CNX 500(G)

27.4746

-3.1887

12.1318

7.0900

14.8163

R*Shares CNX 100 ETF

80.8530

-3.4199

11.7167

ICICI Pru Nifty Index Fund(G)

75.1016

-4.1289

10.9692

7.1119

15.2787

Quantum Equity FoF Fund(G)

24.5520

1.0176

19.0619

11.3552

14.1637

Kotak Asset Allocator Fund(G)

62.0390

5.4720

17.9760

11.0199

16.8376

Franklin India Feeder - Franklin U.S. Opp Fund(G)

19.3586

-5.4533

15.7192

16.9007

Birla SL Financial Planning FOF Aggressive Plan(G)

16.6729

3.1334

15.1604

10.8147

Birla SL Asset Allocator Multi FoF(G)

21.6531

4.0284

15.1349

SBI Pharma Fund-Reg(G)

23.2651

Dividend Yield

Birla SL Dividend Yield Plus(G)

Global
MOSt Shares NASDAQ-100 ETF

GS Hang Seng BeES

18.0042

Equity Index

13.1084

Equity FOF

(Funds has been arranged on the basis of 3 years performance)

5.8428

8.2843
10

INVESTOR JOURNAL
May, 2016

Debt Funds Performance

Scheme Name

Latest
NAV (`)

Absolute
1 Year

CAGR
3 Year

5 Year

SINCE
INCEPTION

Gilt Funds
Sundaram Gilt Fund(G)

24.9075

5.3564

11.1699

10.0381

6.2716

L&T Gilt Fund(G)

37.8678

8.5252

10.8600

11.0227

8.6242

IDFC G Sec-STP-Reg(G)

21.9698

8.9629

10.5364

8.8973

5.7197

SBI Magnum Gilt-STP(G)

31.3684

9.1208

10.2367

9.8417

7.7302

SBI Magnum Gilt-LTP-Reg(G)

32.4728

6.9964

10.2308

10.3240

7.9703

ICICI Pru Long Term Plan(G)

18.1601

7.8796

12.1329

11.1323

9.9721

Birla SL Medium Term Fund(G)

18.8326

9.6854

10.4893

10.5616

9.3231

190.5880

9.0309

10.3863

10.1068

8.3969

24.0540

9.6155

10.3857

10.0544

7.7219

176.8070

9.1218

10.1974

9.8097

8.6669

Income

Birla SL Treasury Optimizer Plan(G)

SBI Corporate Bond Fund-Reg(G)
Birla SL Treasury Optimizer Plan(DAP)

Hybrid Funds Performance

Scheme Name

Latest
NAV (`)

Absolute
1 Year

CAGR
3 Year

5 Year

SINCE
INCEPTION

Balanced
HDFC Balanced Fund(G)

108.3290

2.0280

20.6665

13.9317

16.4543

19.4100

2.4100

20.4631

13.4489

13.5270

166.1491

0.2778

19.8704

14.6252

16.3741

L&T Dynamic Equity Fund(G)

19.3310

-2.3278

19.6638

13.0130

13.4385

SBI Magnum Balanced Fund-Reg(G)

96.1671

2.1997

19.6444

13.6430

16.6042

ICICI Pru Child Care Plan-Study Plan

56.9471

6.6208

17.0893

13.9258

12.5884

SBI Magnum Children Benefit Plan

39.6413

9.2834

14.2055

11.7396

10.1400

Birla SL MIP II-Wealth 25(G)

30.6208

5.9417

13.7757

11.2444

9.8215

SBI Magnum MIP-Floater Plan(G)

21.9618

8.3091

11.8109

10.3137

7.8430

UTI MIS Adv Plan(G)

32.6413

6.3829

11.5848

9.8531

10.0287

ICICI Pru Blended-B-I(G)

22.6859

8.8510

8.3261

8.9079

7.7896

ICICI Pru Equity-Arbitrage Fund(G)

20.5099

6.5315

8.1952

8.4585

7.9970

Kotak Equity Arbitrage Scheme(G)

22.1122

6.6376

8.1587

8.3930

7.7820

Reliance Arbitrage Advantage Fund(G)

15.8323

6.5545

8.0828

8.6184

8.6388

IDFC Arbitrage Fund-Reg(G)

19.5878

6.3237

8.0074

8.3012

7.4459

Religare Invesco Gold Fund(G)

9.6299

11.3950

1.0134

-0.8529

-0.602

SBI Gold-Reg(G)

9.8759

9.7227

1.2929

-0.2692

-0.072

Birla SL Gold Fund(G)

9.8540

9.6781

1.4784

-0.3570

-0.104

HDFC Gold Fund(G)

10.1311

9.6318

1.0647

0.2901

0.455

ICICI Pru Regular Gold Savings Fund(G)

10.5076

9.5615

0.9433

1.0933

1.314

L&T India Prudence Fund(G)

Tata Balanced Fund(G)

MIP

Arbitrage

Gold-FOF

(Funds has been arranged on the basis of 1 year performance)

11

INVESTOR JOURNAL
May, 2016

Global Markets at a Glance

Exhibit: INR

Exhibit: India 10 Yr Yld %

66.7
66.6
66.5
66.4
66.3
66.2

Exhibit: Dollar Index

95.0

Exhibit: CNY

18-Apr

14-Apr

13-Apr

18-Apr

15-Apr

14-Apr

18-Apr

15-Apr

14-Apr

18-Apr

2.900
15-Apr

14-Apr

13-Apr

18-Apr

15-Apr

14-Apr

2.880
13-Apr

18-Apr

15-Apr

14-Apr

13-Apr

12-Apr

11-Apr

8-Apr

2900

2.920

12-Apr

2950

2.940

11-Apr

3000

2.960

8-Apr

3050

13-Apr

Exhibit: China 10 Yr Yld %

6.490
6.480
6.470
6.460
6.450
6.440

3100

8-Apr

8-Apr

18-Apr

15-Apr

14-Apr

13-Apr

12-Apr

11-Apr

8-Apr

Exhibit: Shanghai

15-Apr

107.00
14-Apr

107.0

12-Apr

14000

18-Apr

108.00

15-Apr

108.0

14-Apr

15000

13-Apr

109.00

12-Apr

109.0

16000

11-Apr

110.00

13-Apr

Exhibit: Japan 10 Yr Yld %

110.0

17000

13-Apr

18-Apr

15-Apr

14-Apr

13-Apr

0.00

Exhibit: JPY

18000

12-Apr

0.05

12-Apr

Exhibit: Nikkei

0.10

12-Apr

15-Apr

14-Apr

13-Apr

12-Apr

11-Apr

8-Apr

2800

0.15

11-Apr

2900

0.20

8-Apr

3000

12-Apr

Exhibit: Germany 10 Yr Yld %

1.15
1.14
1.14
1.13
1.13
1.12
1.12

3100

11-Apr

18-Apr

15-Apr

14-Apr

13-Apr

12-Apr

11-Apr

Exhibit: Eur

12-Apr

Exhibit: Euro Stoxx 50

1.7
8-Apr

15-Apr

13-Apr

12-Apr

11-Apr

14-Apr

93.0
8-Apr

2,000

1.7

11-Apr

2,040

11-Apr

1.8

94.0

11-Apr

2,080

1.8

11-Apr

2,120

Exhibit: US 10 Yr Yld %

8-Apr

Exhibit: S&P 500

11-Apr

13-Apr

12-Apr

11-Apr

18-Apr

7500

8-Apr

7600

18-Apr

7700

13-Apr

7800

7.5
7.4
7.4
7.4
7.4
7.4
12-Apr

7900

8-Apr

Exhibit: Nifty

Source: Bloomberg, Karvy Research

12

INVESTOR JOURNAL
May, 2016

Indices Watch
Indian Indices:
As on
29-Mar-16

As on
29-Apr-16

%
Change

Index Name

As on
29-Mar-16

As on
29-Apr-16

%
Change

S&P BSE Capital Goods

12861.33

13202.64

2.65%

NIFTY FMCG

19764.15

19737.70

-0.13%

S&P BSE BANKEX

18391.96

19114.83

3.93%

NIFTY MEDIA

2320.95

2423.35

4.41%

S&P BSE Power Index

1775.73

1846.34

3.98%

NIFTY COMMODITIES

2438.70

2523.90

3.49%

S&P BSE PSU

6106.65

6268.16

2.64%

NIFTY 100

7832.15

7963.65

1.68%

S&P BSE DOLLEX 30

3140.71

3160.88

0.64%

Nifty 500 Shariah index

2099.19

2137.17

1.81%

S&P BSE AUTO Index

18001.76

18469.40

2.60%

NIFTY PSE

2846.60

2962.70

4.08%

S&P BSE SENSEX

25341.86

25606.62

1.04%

NIFTY DIV OPPS 50

1813.60

1852.85

2.16%

S&P BSE 100

7835.45

7973.88

1.77%

NIFTY FINANCE

6579.40

6724.70

2.21%

S&P BSE 200

3259.37

3321.63

1.91%

S&P BSE 500

10185.12

10406.12

2.17%

11309.30

11196.25

-1.00%

S&P BSE O & G Index

9161.61

9356.16

2.12%

156.55

174.80

11.66%

S&P BSE METAL Index

7540.75

7958.93

5.55%

3200.60

3318.10

3.67%

10618.95

11042.92

3.99%

INDIA VIX

16.58

16.54

-0.27%

2179.51

2246.18

3.06%

NIFTY 100

7832.15

7963.65

1.68%

10541.68

11020.59

4.54%

NIFTY SERV SECTOR

9963.40

10149.15

1.86%

6104.86

6121.75

0.28%

NIFTY 50

7738.40

7849.80

1.44%

S&P BSE Consumer

Durables

11480.50

11787.17

2.67%

NIFTY INFRA

2548.15

2638.35

3.54%

10989.15

11293.25

2.77%

S&P BSE IT

11387.95

11330.17

-0.51%

NIFTY METAL

1912.65

2045.80

6.96%

S&P BSE Health Care

15149.25

15582.33

2.86%

NIFTY PSU BANK

2448.95

2444.05

-0.20%

S&P BSE FMCG

7692.32

7697.38

0.07%

NIFTY 500

6452.15

6588.55

2.11%

S&P BSE Realty Index

1228.35

1356.71

10.45%

NIFTY 200

4051.45

4126.85

1.86%

NIFTY CONSUMPTION

3406.45

3488.30

2.40%

16141.65

16795.00

4.05%

8424.60

8404.65

-0.24%

Index Name

S&P BSE Mid-Cap

S&P BSE GREENEX
S&P BSE Small-Cap
S&P BSE TECk Index

Global Indices:
As on
29-Mar-16

As on
29-Apr-16

%
Change

Nasdaq

4869.850

5098.000

4.68%

S&P 400

1445.190

1461.650

1.14%

BEL-20

3373.040

3409.370

1.08%

50055.000

53911.000

7.70%

6174.900

6241.900

1.09%

NYSE

10207.380

10436.920

2.25%

Hang Seng

20776.699

21067.051

1.40%

Index Name

Bovespa
FTSE 100

DAX

9965.510

10038.970

0.74%

CAC 40

4385.060

4428.960

1.00%

All Ordinaries

5151.800

5316.000

3.19%

NIFTY IT
NIFTY REALTY
Nifty Midcap 50

NIFTY PHARMA

NIFTY BANK
NIFTY ENERGY

For more information on MUTUAL FUNDS call

1800 425 8282 or contact your nearest Karvy branch.
Research Team

PF/MFNL/04052016/30

Ankit Choradia

E-mail : ankit.choradia@karvy.com
Phone : 040 3321 7132
Production: Naga Babu K

Disclaimer
The information and views presented in this report are prepared by Karvy Stock Broking Limited. The information contained herein is based on our
analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for
personal information and we are not responsible for any loss incurred based upon it. While acting upon any information or analysis mentioned in
this report, investors may please note that neither Karvy nor Karvy Stock Broking nor any person connected with any associate companies of Karvy
accepts any liability arising from the use of this information and views mentioned in this document.
This report is intended for a restricted audience and we are not soliciting any action based on it.
13