WE CARE INVESTMENTS

Nikhil V Thakkar (IFA)

F-4/5, City Plaza, Near Badidev Crossing, Behind Sardargunj

Anand - 388 001, Gujarat

Mob.: 98254 25401

Tel.: 02692-250901

Email: nikhil21880@gmail.com Website: www.wecareinvestments.in

BEST IN CLASS INVESTMENTS / PROTECTION SOLUTIONS
LIFE INSURANCE RETIREMENT PLANNING MUTUAL FUNDS
FIXED DEPOSITS GROUP & INDIVIDUAL MEDICLAIM INCOME TAX
GENERAL INSURANCE WILLS HOUSING & EDUCATIONAL LOANS

AVAILABLE FOR FREE FINANCIAL HEALTH CHECK / ADVICE /

EXECUTION BY PRIOR APPOINTMENT ONLY.
IN TEAM & PANEL EMINENT C.A.S, LAWYER'S, CONSULTANTS

FEBRUARY 2016

For private circulation only

MANAGE YOUR

ASSET ALLOCATION
As an investor, one should have the basic understanding of asset allocation, irrespective of
how literate or experienced you may be. It is at the heart of portfolio management for
investors and as studies have indicated, it is also the primary determinant of portfolio
returns over time. In this article, we take a closer look at this key element that we all must
adopt, manage & track in our overall investment portfolio.
Why Asset Allocation?

Determining Your Asset Allocation :

As a definition, asset allocation means an

investment strategy that aims to balance risk
and reward by distributing a portfolio's
assets according to individual needs &
profile. There are three main asset classes equities, fixed-income and cash &
equivalents.

While there may be guiding lights, there is

no standard rule or ratio of asset allocation
which can easily fit everyone. Determining
the asset allocation is a personal decision
much like tailoring your own suit. There are
many factors that play an important role in
determining asset allocation but the
following are the most important ones...

A clear justification for asset allocation is the

logic that different asset classes having
different characteristics will offer returns
that are less correlated to each other. Thus,
essentially with asset allocation we are
'diversifying' and reducing the overall risks
of the portfolio as one asset class may
outperform the other and thereby reducing
the volatility of returns for a given level of
returns expectation. Asset allocation is
based on the principle that different assets
perform differently in different market and
economic conditions.
Many financial experts also argue that asset
allocation is the most important factor in
determining returns for an investment
portfolio. Various studies done by expert
point to the fact that asset allocation could
explain over 90% of the returns from a
portfolio in long term as opposed to
superior product selection or market timing.

Investor Risk Profile: Your risk profile or

tolerance level is your ability and willingness
to absorb large fluctuations in the value of
your investments. It is kind of an indicator
that measures your comfort, patience and
confidence to not panic and sell at the
wrong time while continuing to be
financially sound. There are a lot of things
that impact your profile, including
awareness, understanding of markets, your
financial soundness, earnings capacity and
lastly the ability to keep your emotions
under control.
Investment Horizon: The investment
horizon is an important determinant of asset
allocation as different asset classes have
different ideal investment horizons. They
may be expected to behave in a certain
manner with reasonable confidence based
on their own characteristics & market cycles.

For eg., the equity asset class, being volatile

in short term should only be looked at if
investment horizons extend long enough in
the future.
Investment
Goals/Targets:
Another
determinant of asset allocation is the returns
expectation or requirement you may have
from your investment in order to achieve a
financial/life goal or target. You may be end
up up deciding an asset allocation solely
from the point of view of achieving that
goal. For eg., a person in late 40s may
suddenly realise that he needs to save for
retirement in just 12 years. Now, the only
way to maximise the retirement kitty would
be to invest in equities which have the
highest returns potential, irrespective of his
risk profile but keeping in mind the horizon
which is long enough for equity returns to
be more realistic.
The Asset Classes :
Asset classes can be seen as buckets of
investment products /avenues which
display similar risk-return characteristics.
There is three basic 'traditional' asset classes
as already highlighted earlier which you may
look at for investing depending your need
& profile.

Execute the asset allocation and regularly

1. Equities: This includes direct equity 3. Cash & Equivalents: This asset class is the
review the same over time. Again this may
stocks, equity mutual fund schemes, equity
least riskiest but also one that gives the
require a lot of your involvement and time
PMS and ETFs. Some experts also include
least /no returns. It broadly includes Cash
commitment.
private equity and business investments in
and equivalents like deposit account with
this asset class. Equities are risky but also
banks and money market mutual fund 2. Do It Through Your Advisor
hold promise for higher returns. One may
schemes. Some amount of investments
Investing through your financial advisor
reduce the risk of direct equities by
should be made into this asset class to have
/planner or wealth manager seems to be a
investing in equity mutual fund schemes
liquidity for emergency purposes and for
very logical and the right thing to do. Your
which have diversified portfolios of stocks
meeting maturing goals.
financial advisor who ideally would be
managed by experts.
Alternative Asset Classes: Apart from the
experienced in assessing risk profile and
Within equities, asset allocation may be
above three primary asset classes, many
determining asset allocation would easily
done on basis of the size of the company or
financial planning experts also consider few
guide you to knowing your ideal and
it's market capitalisation. Thus one can
other asset classes depending on the
existing asset allocation. He/she would also
diversify into large-cap, mid-cap, small-cap
investors they advice.
be in a position to monitor and recommend
stocks or funds. There are also diversified
changes in your portfolio on a regular basis.
Commodities: A popular avenue for
and blend (two or more market caps) funds
Your financial advisor also has access to
Indians, this includes precious metals (like
available for investors to choose from.
more refined product like MARS which
gold, silver), agriculture, energy, etc.
manage your asset allocation through an
One may even have diversification based on
Real Estate: Again an important
automated process making things much
country with funds investing in domestic
'investment' avenue for us, it includes
more easier for you.
markets and in foreign markets. But with
commercial or residential real estate and
India, being the fastest growing economy
The value which a financial advisor may add
REITs or Real Estate Investment Trusts.
globally, there is little sense to look for
in terms of managing your asset allocation
opportunities elsewhere.
Collectibles: A slow emerging category for
is immense. Here are a few things that
wealthy Indians, collectibles includes things
he/she can offer...
2. Fixed Income: This asset class gives more
like art, paintings, coins, stamps, wine, etc.
assured form of returns that accrue in form
Access to a much wider range of asset
of interest income and due to fluctuations
classes and product choices.
Others: Foreign currency, derivatives, etc.
in bond prices triggered by interest rate
also can be considered as asset classes but
Timely /regular portfolio reporting &
cycles. It covers instruments like time
which are not recommended or suitable for
tracking services for all your assets.
deposits, government small savings
individual investors.
schemes, bonds, corporate deposits,
Regular review and rebalancing of asset
government papers, etc. While it may not be
allocation.
easy for everyone to participate in bond
Discipline & commitment to follow asset
markets in India just like they do in equity
allocation for achieving life goals
markets, mutual funds do present us with a
very easy and familiar route to invest in such
We believe, based on our experience, it is
products.
very difficult for individual investors to
follow asset allocation with discipline
Your total asset allocation should include
without financial advisors. With a good
the debt portion of your traditional
advisor on your side, your portfolio should
investments into bank time deposits, PPF,
too potentially outperform a portfolio
EPF, small saving schemes, etc. along with
which does not follow the asset allocation
Managing
Your
Asset
Allocation
:
investments into mutual fund debt
approach to managing investments.
schemes.
1. Do It Your-self
Conclusion :
Mutual fund debt schemes offer lot of
If you had been investing and trying to
options with a wide range of fund types
There is no doubt that asset allocation
manage your funds yourself, and want to
that offer different sets of risk-return
brings discipline and gives the answer to
keep it that way, you will need to take care
horizon within debt asset class. One can do
the big question when to buy & sell at an
of the following:
a deeper level asset allocation of debt into
asset class level. Following an asset
Maintain consolidated records for all
these broad category of funds. This will be
allocation
approach
to
managing
investment classes. And remember not to
meaningful only if you have debt, especially
investments can yield great results over
skip anything as most of us ignore our
mutual fund debt schemes, as a significant
time. Taking the active help of your financial
traditional /realty investments and only
part of your portfolio.
advisor in managing the asset allocation is
consider stocks & mutual funds for asset
the way to go forward.
allocation which gives us a very misleading
picture.
Find the right asset allocation suitable for
you and/or decide asset allocation for each
of your financial goals. This is not easy even
though there many risk profiling tools
available online.

INVESTMENT
FOR

GUIDELINES

YOUNG ADULTS

not filing returns or understating income.

You may note that IT authorities uses a
system whereby cases are picked up
randomly on certain criteria. You may
never like to be the one to get short-listed
and invite unnecessary hassles. Remember
that you are permitted to save taxes but
not evade taxes.
5. Get Health & Life Cover :
Getting adequate protection in young age,
where people tend to be more
adventurous, is highly advised, even if
there aren't any dependents on you.
Buying health or life cover at a younger age
is also considerably cheaper than buying
the same after few years. Such protection
can really help one in case there is any
unforeseen emergency and financial
burden on parents will be avoided.

on entertainment, gadgets, accessories,

Young adults are perhaps the richest
hanging out / parties, etc. form a big chunk
among all of us. They have something
of the spendings. Surely it is a time to enjoy
more than all of us time at an age when
life but young adults are advised to control
the possibilities are unlimited. In case you
their urge to spurge and not make 6. Start Thinking About Home :
are an young adult in 30s or a parent /
impulsive decisions. It would be great if
guardian with children approaching or in
The average age of home & car buyers has
one can budget such spendings and avoid
their 20s, this article is for you. The article
decreased dramatically in the last 20 years.
taking big decisions like buying of
tells us few things which perhaps we were
Powered by easy availability of loans, fat
motorbikes, cars, laptops, etc. without
never told when we were young. We bring
pay packages & growing aspirations, the
adequate thinking and research.
to you six valuable investment guidelines
first time home buyer today is often around
that can literally make a huge impact in
3. Start Investing Immediately :
the age of 30. The first time car buyers are
lives of young adults going forward.
even younger. It would thus be best
We have often spoken on this topic. The
1. Learn about Personal Finance &
advised that young adults keep these goals
benefit of saving early can never be under
Investing :
in mind and start saving as much as
estimated. Even if the savings is small, due
possible for home & car goals, if any, from
to the power of compounding, the wealth
Knowledge about personal finance topics
now onwards. It would really benefit you a
created by you can be enormous. This may
and investing at an early age is a great
lot when the time comes for purchase in
easily surpass the wealth created even with
asset. Young adults must know about
near future. Often young adults delay
increased savings but started with delay of
different asset classes, investment
saving for the goal and end up paying
few years. You may be surprised how much
products, insurance, loans & credit, time
lesser down-payments and taking higher
difference will be there in the end value
value of money, inflation, savings, taxation,
amount of loans which should be avoided.
just by starting early.
financial planning, etc. Such knowledge,
Lastly, even if you have a home of your
especially during early years of career can
4. Get Pan & Start Filing Tax Returns:
own, it is advisable to think of buying a
really help someone take great decisions
home as an investment for future and also
Filling of ITR has many advantages as they
for future. If you are a guardian, be sure to
enjoy tax benefits on same.
are
considered
standard
income
proof
involve the young adults in your own
globally
and
they
help
you
while
applying
investment decisions. There are many ways
Having time on your side is a great
for loans, visa applications for jobs abroad,
in which young adults can gain financial
advantage and never to be missed. Few
requesting tax refunds, etc. The PAN issued
knowledge. Some of the ways are reading
young adults may choose to ignore & not
by IT authority is a prerequisite for filing ITR
good investment books, reading finance
act on 6 guidelines shared above at their
and is also mandatory for many financial
magazines, interacting with financial
own peril. Experience has shown that wise
transactions.
advisors, accountants, successful investors
decisions, actions and discipline in these
in family/friends, and so on.
formative years go a long way in securing a
There is a perception that if the taxes are
better financial future down the line.
paid,
there
is
no
need
to
file
ITR.
This
is
a
2. Control Your Spendings :
Simple actions taken today can help you
misconception and it is essential to know
Young adults are perhaps the most valued
avoid taking tough decisions at times
that it is our obligation to file ITR when you
consumers hunted by every big brand
when you have family to support and lot of
are required to do so. Further still many
ranging from cars to shoes to laptops to
responsibilities on your hands. So go ahead
believe that their incomes are too small to
even holiday packages. With the newly
and make the best that this time has be
attract the attention of IT authorities and
gained earning power and lack of big
offer, smartly.
get tax scrutiny and hence may indulge in
responsibilities, it is natural that spendings

Fund Manager Interviews

Vetri is part of the AMC
start-up team and has
over 22 years experience
in the Indian equity
markets and oversees the
equity
management
function. He laid the
foundation for strong
equity
management
Mr. Vetri Subramaniam processes and assembled
Chief Investment Officer,
a solid team of equity
Religare Invesco MF
analysts
and
fund
managers. His last assignment was with Motilal
Oswal Securities where he was the Chief Investment
Officer. Prior to Motilal Oswal, he was working as an
Advisor to Boyer Allan Investment Management, UK,
where he was advising them on their investments in
India. Vetri has also worked with Kotak Mahindra
Asset Management as Head of Equity Funds,
Sharekhan.com as Chief Investment Advisor and
SSKI Securities as Vice President - Equity Sales. Vetri
holds a Commerce degree and holds a PGDM from
Indian Institute of Management, Bangalore.
Month of January remained quite volatile. What
do you think in terms of global risks and its
impact on India?
The Indian market is being affected by both global
and local factors. Weak global growth is a
dampening factor for India's nascent recovery.
Further, we are not insulated from global market
volatility - it affects us in both directions. Locally, the
challenge is the uneven recovery, weak aggregate
earnings growth & stressed assets in the banking
sector. That said our macro economic parameters
are in the comfort zone. Some leading indicators are
positive & consumer confidence is high. With
trailing valuations finally correcting to near long
term average for the sensex, we are constructive
towards equities at this juncture

What are your expectations from Budget

2016-17?
No significant expectations. We would like to see
continued commitment to shrinking the fiscal
deficit. Quality of spending-more capex and tighter
control on revenue expenditure will be welcome.
Details of the transition to a lower marginal
corporate tax rate along with phasing out of
exemptions will be a key feature of this budget.
There are many market experts favouring
Largecap stocks over Midcap stocks. What is
your assessment on it?
Based on valuations, we find large caps more
attractive than mid caps. Over longer periods,
midcaps have generated higher returns than large
caps and hence the case for core strategic allocation
to midcaps remains unchanged. But in case of fresh
allocations to Equity - we find large caps more
attractive at this juncture.
Crude oil has remained in lower trajectory. How
do you think it will have impact on India Inc.
Lower crude oil prices are certainly a positive for
India. The government's confidence in meeting the
FY16 fiscal deficit target is only because it has
dramatically raised duties from this sector.
However, this collapse in oil prices is happening in
the context of weak global growth and weak
commodity prices. As a result, the benefit of lower
oil prices is offset partially by weak exports, rural
distress, due to lower agriculture commodity prices
and the rise of stressed loans in commodity
industries.

MF NEWS

SIP RETURN AS ON 31ST JANUARY 2016

Starting - February Month of
Years
Invested Amount :

2015

2013

2011

2009

2006

2004

10

12

1,20,000

3,60,000

6,00,000

8,40,000

12,00,000

14,40,000

9.57
15.63
20.93
11.85
14.64
14.24
18.29
20.36
15.18
17.98
25.43
21.36
19.07
14.06
14.58
15.32
14.28
22.74
9.57
25.58
12.09
12.27
27.56
13.93
19.83
9.52
11.46
10.15
15.76
11.88
15.76
19.01
13.26
22.15
16.46
25.42
15.34
11.41
11.81
10.31
7.17
22.33
9.30
15.25
10.32
9.10
6.65
7.99
13.11
16.53
13.13
24.65
13.54
18.74
14.10
12.60
21.44
9.76
7.85
6.30
19.71
16.24
9.26
9.16
12.71
22.74
11.95
10.71
19.98
18.68
13.36
13.47
12.30
15.05
21.25
7.39
9.82
16.94
-

9.82
12.71
17.83
12.92
12.78
13.99
16.24
15.27
15.94
22.01
13.01
14.28
12.05
20.27
12.51
12.49
12.67
10.47
10.57
9.75
12.42
11.84
14.18
10.93
17.88
14.97
19.93
14.19
10.74
12.48
10.87
6.60
9.33
11.56
7.95
11.08
12.11
12.91
18.86
14.39
12.32
11.74
19.46
8.65
19.64
6.66
11.01
10.25
14.90
12.31
13.04
17.54
6.89
8.53
-

12.14
13.65
18.85
13.92
15.05
16.19
14.73
17.63
21.70
15.48
14.72
13.48
12.74
12.05
13.58
14.00
12.83
17.93
16.93
15.71
15.24
13.56
8.43
14.53
10.36
12.84
16.08
14.26
13.85
7.93
13.46
7.90
-

Returns % - CAGR

Schemes (Diversified Equity)

Axis Equity Fund - Gr
Axis MidCap Fund - Gr
Baroda Pioneer Growth Fund - Growth Plan
Birla Sun Life Advantage Fund Gr
Birla Sun Life Buy India Fund - Gr
Birla Sun Life Dividend Yield Plus - Growth
Birla Sun Life Equity Fund - Gr
Birla Sun Life Frontline Equity Fund - Gr
Birla Sun Life India GenNext Fund - Gr
Birla Sun Life India Opportunities Fund Plan B Gr
Birla Sun Life Long Term Advantage Fund - Gr
Birla Sun Life Midcap Fund - Gr
Birla Sun Life MNC Fund Gr
Birla Sun Life Pure Value Fund - Gr
Birla Sun Life Small and Midcap Fund - Gr
Birla Sun Life Special Situations Fund - Gr
Birla Sun Life Top 100 Fund - Gr
BNP Paribas Dividend Yield Fund- Gr
BNP Paribas Equity Fund - Gr
BNP Paribas Midcap Fund - Gr
BOI AXA Equity Fund - Regular Plan Gr
Canara Robeco Emerging Equities Fund - Gr
Canara Robeco Equity Diversified - Gr
Canara Robeco F.O.R.C.E. Fund - Regular Gr
Canara Robeco Large Cap Plus Fund - Gr
DHFL Pramerica Large Cap Equity Fund - Gr
DSP BlackRock Equity Fund - Reg. Plan - Div
DSP BlackRock Focus 25 Fund - Gr
DSP BlackRock Micro Cap Fund - Gr
DSP BlackRock Opportunities Fund - Gr
DSP BlackRock Small and Mid Cap - Reg Gr
DSP BlackRock Top 100 Equity Fund Gr
DWS Alpha Equity Fund - Gr
DWS Investment Opportunity Fund - Gr
Edelweiss Diversified Growth Equity Top 100 Fund - Gr
Edelweiss Emerging Leaders Fund - Gr
Edelweiss Prudent Advantage Fund Plan A - Gr
Escorts Growth Plan G
Franklin India Bluechip Fund Gr
Franklin India Flexi Cap Fund - Gr
Franklin India High Growth Companies Fund - Gr
Franklin India Opportunities Fund-Gr
Franklin India Prima Fund Gr
Franklin India Prima Plus Gr
Franklin India Smaller Companies Fund - Gr
Goldman Sachs India Equity Fund - Gr
HDFC Capital Builder-Gr
HDFC Core and Satellite Fund - Gr
HDFC Equity Fund - Div
HDFC Growth Fund Gr
HDFC Large Cap Fund - Gr
HDFC Mid Cap Opportunities Fund - Gr
HDFC Premier Multi-Cap Fund - Gr
HDFC Small and Mid Cap Fund - Gr
HDFC Top 200 Fund - Div
HSBC Dividend Yield Equity Fund - Gr
HSBC Dynamic Fund - Gr
HSBC Equity Fund - Gr
HSBC India Opportunities Fund - Gr
HSBC Midcap Equity Fund - Gr
ICICI Prudential Dynamic Plan - Gr
ICICI Prudential Exports and Other Services Fund - Gr
ICICI Prudential Focused Bluechip Equity Fund - Gr
ICICI Prudential MidCap Fund - Gr
ICICI Prudential Multicap Fund - Gr
ICICI Prudential Select Large Cap Fund - Retail Gr
ICICI Prudential Top 100 Fund - Gr
ICICI Prudential Value Discovery Fund Gr
IDFC Classic Equity Fund - Regular Plan - Gr
IDFC Equity Fund - Regular Plan - Gr
IDFC Imperial Equity Fund - Regular Plan - Gr
IDFC Premier Equity Fund - Regular Plan - Gr
IDFC Sterling Equity Fund - Regular Gr
Indiabulls Blue Chip Fund - Gr
JM Equity Fund Growth Option
JM Multi Strategy Fund - Growth Option
JP Morgan India Equity Fund - Gr
JP Morgan India Mid and Small Cap Fund - Gr
Kotak 50 Equity Scheme Div
Kotak Classic Equity Fund - Gr
Kotak Emerging Equity Scheme - Gr
Kotak Midcap - Gr
Kotak Opportunities Fund - Gr
Kotak Select Focus Fund - Gr
L&T Equity Fund - Gr
L&T India Large Cap Fund - Gr
L&T India Special Situations Fund - Gr
L&T India Value Fund - Gr
L&T Midcap Fund - Gr
LIC Nomura Equity Fund Gr
LIC Nomura Growth Fund Gr
Mirae Asset Emerging Bluechip Fund - Gr
Mirae Asset India Opportunities Fund - Gr
Motilal Oswal MOSt Focused 25 Fund - Gr

-10.01
-11.94
-14.57
-8.18
-2.46
-15.17
-11.61
-10.75
-9.35
2.04
-9.80
-6.67
-9.04
-4.00
-2.25
-10.55
-10.57
-13.83
-14.07
-8.49
-12.43
-5.49
-15.53
-13.48
-12.84
-16.15
-13.71
-15.40
0.33
-8.10
-5.85
-15.57
-9.92
-11.05
-14.42
-6.33
-7.86
1.18
-10.65
-11.21
-18.01
-15.35
-6.61
-9.34
-3.14
-11.07
-9.48
-11.00
-20.97
-12.77
-17.47
-7.86
-21.64
-4.89
-19.36
-11.95
-10.31
-12.68
-13.95
-9.18
-10.18
3.19
-11.64
-15.88
-10.95
-16.68
-7.85
-12.38
-8.79
-16.19
-18.61
-10.45
-12.31
-10.91
-13.61
-17.85
-11.01
-10.26
-10.89
-14.55
-9.12
-7.43
-13.24
-10.56
-12.60
-13.81
-13.57
-2.07
-4.29
-22.45
-17.44
-2.00
-9.72
-15.10

9.88
21.76
10.27
20.25
26.21
10.35
16.36
12.52
16.71
26.79
15.75
23.97
30.29
27.52
25.00
18.78
13.35
14.16
13.01
24.27
8.91
32.76
8.42
13.69
7.82
4.80
12.48
13.37
39.40
14.93
24.74
6.80
12.10
10.38
9.85
20.78
12.09
24.26
10.43
16.74
19.97
15.27
25.47
17.88
31.04
18.25
15.10
13.08
8.06
8.41
2.34
24.40
8.23
16.51
6.26
8.21
5.88
6.40
13.39
28.02
10.22
28.61
10.26
24.20
14.45
6.54
10.16
22.15
9.25
3.34
3.29
19.87
15.74
7.20
10.19
11.42
12.46
27.25
12.07
7.55
27.21
23.48
13.66
16.75
13.01
10.72
13.49
26.80
28.94
3.91
8.34
31.16
15.91
-

13.08
10.75
18.44
23.52
10.73
16.65
14.70
18.35
23.85
16.30
20.41
26.80
24.26
21.26
16.92
15.16
15.28
15.11
24.11
10.56
27.76
10.90
14.71
10.37
6.97
12.41
12.84
30.63
14.95
20.99
8.89
12.99
11.56
12.55
11.24
19.42
11.47
16.71
20.90
14.92
24.32
17.54
28.92
15.53
11.44
10.51
9.33
6.48
22.77
8.55
16.17
9.19
9.39
6.76
8.18
14.10
21.52
12.55
28.68
12.61
21.48
15.10
9.75
12.63
21.80
10.68
7.12
5.79
19.74
15.95
10.88
11.87
12.99
24.95
12.74
10.77
23.14
20.37
14.30
17.15
13.43
11.85
15.04
23.85
24.44
7.26
10.25
28.06
16.78
-

Mutual Fund AUM falls for

third-straight month in January
Assets base of the country's
mutual fund industry dropped to
R12.74 lakh crore at the end of
January, making it the third
consecutive monthly decline, due
to lower investment in equity
schemes. As of January-end, over
40 fund houses in the country
together had an average AUM of
R12,73,714 crore as against
R 12,74,835 crore in the preceding
month, the latest data of the AMFI
showed. The industry's AUM was
at R12.95 lakh crore in November,
while it had touched an all time
high of R13.24 lakh crore in
October. In comparison, the assets
base stood at R11.87 lakh crore in
September. Overall inflow in
mutual fund schemes was at
R22,569 crore at the end of last
month, compared with an outflow
of R22,567 crore at Decemberend. Industry experts said the
quarterly decline in AUM is largely
on account of slowdown in inflows
in equity and equity linked saving
schemes.
Mahindra AMC gets SEBI nod to
enter MF business
Mahindra Asset Management
Company has received markets
regulator SEBI's approval to set up
mutual fund business, becoming
the latest Indian conglomerate to
enter this segment. Mahindra
AMC, a wholly-owned subsidiary
of Mahindra and Mahindra
Financial Services (MMFS), got
the regulator's nod on February 4.
At present, there are over 40
mutual fund houses operating in
the country. While the Indian
mutual fund industry has been
growing steadily, a number of
foreign fund houses have exited
the country's mutual market in the
recent past and in most cases, the
businesses were acquired by
Indian entities.

NEWS UPDATE

SIP RETURN AS ON 31ST JANUARY 2016

Starting - February Month of
Years
Invested Amount :

2015

2013

2009

2006

2004

10

12

1,20,000

3,60,000

6,00,000

8,40,000

12,00,000

14,40,000

-3.66
-9.38
-15.21
-10.53
-12.16
-12.73
-14.97
-17.12
-12.65
-7.89
-16.47
-11.83
2.55
-14.98
-17.92
-8.51
-6.94
-7.75
-11.21
-6.66
-6.23
-4.42
-12.83
-7.09
-8.73
-11.19
-0.64
-3.98
-5.79
2.39
-6.51
-23.51
-1.75
-10.25
-13.46
-6.48
-8.95
-7.65
-11.82
-9.91
-11.22
-12.04
-13.91
-14.06
-15.24
-16.41
-14.12
-12.97
-15.20
-12.03
-15.62
-15.80
-10.15
-12.21
-18.88
-15.32
-10.83
3.19
-23.51
150

7.08
24.47
13.35
10.10
14.86
9.28
16.20
25.95
3.58
15.72
37.55
13.50
12.82
12.75
20.80
11.11
13.77
25.04
25.81
17.49
10.78
16.59
12.06
22.06
31.12
20.30
19.41
39.13
15.98
-1.73
16.71
31.61
6.41
26.68
13.65
15.77
17.83
15.38
26.87
9.27
9.61
19.44
13.10
8.43
10.41
8.03
6.19
12.24
5.70
9.01
29.09
23.84
5.75
9.88
15.93
39.40
-1.73
147

8.72
23.58
15.38
11.61
16.38
12.06
14.99
22.34
6.80
15.05
30.32
14.61
12.18
13.44
18.51
13.37
14.63
23.91
23.55
18.01
11.16
17.49
13.07
21.64
28.09
18.58
18.45
31.83
13.85
2.45
15.14
24.70
8.13
23.09
13.57
16.18
16.30
16.65
23.75
11.40
9.73
19.01
13.51
10.15
11.29
10.64
7.74
14.02
9.19
10.59
25.80
22.33
9.44
11.52
15.83
31.83
2.45
143

9.53
20.83
13.56
11.71
17.59
9.94
13.61
19.45
7.95
13.91
13.63
11.13
16.59
12.84
13.88
23.40
22.50
15.84
9.56
19.68
12.80
20.53
23.83
15.37
16.13
12.14
4.01
14.17
20.23
7.75
21.14
14.43
14.90
15.15
16.39
20.78
11.45
9.08
16.34
10.82
11.08
10.19
9.12
14.10
10.81
10.55
23.13
21.90
11.18
11.63
14.80
27.56
4.01
128

9.01
10.34
11.63
16.31
12.96
14.17
10.32
8.94
16.47
12.14
16.59
17.59
11.99
14.08
4.64
17.37
7.70
18.27
14.22
12.65
14.43
13.98
16.75
11.23
7.43
11.43
9.80
11.39
10.86
13.15
10.22
18.70
19.43
12.27
10.07
12.97
22.01
4.64
89

11.07
16.14
12.75
12.84
14.44
18.84
16.89
7.47
10.63
20.69
14.38
15.70
13.62
9.15
11.42
12.83
13.31
13.98
11.64
13.91
21.70
7.47
51

-6.29
-14.99
-7.45
-7.11
-8.02
-12.22
-13.10
-7.68
-9.57
-11.15
-9.79
-12.81
-20.51
-13.13
-6.41
-13.32
-14.93
-10.92
-16.35
-11.69
-20.26
-12.75
-12.13
-17.14
-8.42
-15.31
-11.55
-2.91
-13.34
-13.71
-11.83
-2.91
-20.51
30
-14.80
-14.30

23.64
10.46
19.71
20.70
16.23
16.18
10.73
16.58
12.47
14.05
17.48
9.73
8.71
12.31
16.93
15.46
13.31
13.03
13.24
12.47
9.89
10.21
13.37
19.23
18.42
13.09
12.00
18.99
8.57
9.31
14.22
23.64
8.57
30
3.82
4.65

23.41
11.61
18.69
19.26
14.53
17.41
12.43
17.08
13.35
15.05
17.32
12.13
10.78
14.33
17.24
16.77
13.70
13.07
12.69
13.09
11.50
11.65
15.55
19.03
18.05
14.60
12.64
17.65
9.70
10.83
14.84
23.41
9.70
30
7.28
7.68

10.58
16.52
16.45
13.83
16.39
13.07
15.80
11.46
13.99
16.80
12.85
11.69
13.57
17.02
15.72
11.18
12.49
11.83
13.35
10.44
10.97
13.83
17.90
17.20
13.49
11.24
16.11
9.88
10.44
13.66
17.90
9.88
29
7.83
8.11

9.11
13.37
13.72
10.89
12.64
13.76
15.18
11.84
11.51
15.06
10.05
8.45
9.71
10.61
15.60
11.91
10.63
13.49
10.94
9.07
11.88
15.60
8.45
20
7.76
8.08

9.75
14.56
14.65
15.95
16.52
13.51
14.33
16.68
8.75
11.39
12.09
15.15
13.48
14.15
10.17
13.41
16.68
8.75
15
10.11
10.15

Returns % - CAGR

Schemes (Diversified Equity)

Motilal Oswal Most Focused Midcap 30 Fund - Gr
Motilal Oswal MOSt Focused Multicap 35 Fund - Gr
Principal Dividend Yield Fund - Gr
Principal Emerging Bluechip Fund - Gr
Principal Growth Fund Gr
Principal Large Cap Fund - Gr
Reliance Equity Opportunities Fund - Gr
Reliance Focused Large Cap Fund - Gr
Reliance Growth Fund Gr
Reliance Mid & Small Cap Fund - Gr
Reliance Quant Plus Fund - Gr
Reliance Regular Savings Fund Equity Plan - Gr
Reliance Small Cap Fund - Gr
Reliance Top 200 Fund - Gr
Reliance Vision Fund Gr
Religare Invesco Business Leaders Fund - Gr
Religare Invesco Contra Fund - Gr
Religare Invesco Dynamic Equity Fund - Gr
Religare Invesco Growth Fund - Gr
Religare Invesco Mid N Small Cap Fund - Gr
Religare Invesco Midcap Fund - Gr
SBI Blue Chip Fund - Gr
SBI Contra Fund - Regular Div
SBI Emerging Businesses Fund - Regular Plan - Gr
SBI Magnum Equity Fund - Div
SBI Magnum Global Fund - Div
SBI Magnum MidCap Fund - Gr
SBI Magnum Multicap Fund - Gr
SBI Magnum Multiplier Plus - Div
SBI Small & Midcap Fund - Gr
Sundaram Equity Multiplier Fund - Gr
Sundaram Growth Fund Gr
Sundaram Rural India Fund - Gr
Sundaram S.M.I.L.E. Fund - Gr
Sundaram Select Focus - Gr
Sundaram Select MidCap - Gr
Tata Dividend Yield Fund - Gr
Tata Equity Opportunities Fund - Gr
Tata Equity P/E Fund Gr
Tata Ethical Fund - Gr
Tata Mid Cap Growth Fund - Gr
Tata Pure Equity Fund - Gr
Taurus Bonanza Fund Gr
Taurus Discovery Fund - Gr
Taurus Ethical Fund - Gr
Taurus Starshare Growth
Templeton India Growth Fund Gr
UTI Bluechip Flexicap Fund - Gr
UTI Dividend Yield Fund. - Gr
UTI Equity Fund - Div
UTI India Lifestyle Fund - Gr
UTI Master Share - Div
UTI Mid Cap Fund - Gr
UTI MNC Fund - Gr
UTI Opportunities Fund - Gr
UTI Top 100 Fund - Gr
Average Return of Above Funds
Maximum Return
Minimum Return
Universe
ELSS / Tax Savings Schemes
Axis Long Term Equity Fund - Gr
Baroda Pioneer Elss 96
Birla Sun Life Tax Plan - Div
Birla Sun Life Tax Relief 96 Fund - Div
Birla Sun Life Tax Savings Fund - Gr
BNP Paribas Long Term Equity Fund - Gr
Canara Robeco Equity Tax Saver Fund - Div
DSP BlackRock Tax Saver Fund - Gr
DWS Tax Saving Fund - Gr
Edelweiss ELSS Fund - Gr
Franklin India Taxshield Gr
HDFC Long Term Advantage Fund - Gr
HDFC Taxsaver - Div
HSBC Tax Saver Equity Fund - Gr
ICICI Prudential Long Term Equity Fund - Regular Gr
IDFC Tax Advantage (ELSS) Fund - Regular Gr
JM Tax Gain Fund - Growth Option
JP Morgan India Tax Advantage Fund - Gr
Kotak Tax Saver - Gr
L&T Tax Advantage Fund - Gr
LIC Nomura Tax Plan Gr
Principal Personal Tax Saver
Principal Tax Savings Fund
Reliance Tax Saver Fund - Gr
Religare Invesco Tax Plan - Gr
SBI Magnum Tax Gain Fund - Div
Sundaram Tax Saver - Div
Tata India Tax Savings Fund Regular Plan - Div
Taurus Tax Shield - Gr
UTI Long Term Equity Fund (Tax Saving) - Div
Average Return of Above Funds
Maximum Return
Minimum Return
Universe
S&P BSE SENSEX
NIFTY 50

2011

Indias GDP growth seen accelerating

to 7.6% in FY16
Indias economy is forecast to expand at a
faster pace in the full year to March
although gross domestic product (GDP)
growth slowed in the fiscal third quarter.
Data released by the Central Statistics
Office projected a growth of 7.6% in
2015-16 against the governments more
modest expectation of 7-7.5% growth.
This despite growth decelerating to 7.3%
in the quarter ended December from 7.7%
in the previous quarter. Manufacturing,
presumably buoyed by a significant fall in
inputs costs following the collapse of
global commodity prices, registered a
sharp pick-up in the third quarter. Nominal
GDP is estimated to grow 8.6% in the full
year to March. India is now just shy of
becoming a $2 trillion economy in
2015-16, with the size of the GDP
standing at $1.99 trillion at the current
rupee-dollar exchange rate of 67.94.
E-commerce to generate 250,000 jobs
in 2016: Assocham
E-commerce industry is likely to generate
250,000 jobs in online retail this year, as
the hiring in the sector is expected to
grow at 60-65 per cent, says a report.
Majority of e-commerce departments and
businesses have increased their turnover
since last year and present a good
opportunity for the industry to develop
further, says the Assocham report. India's
e-commerce market was worth about
$3.8 billion in 2009, it went up to $17
billion in 2014 and to $23 billion the next
year. It is expected to touch $38 billion
mark by 2016, it said.
India's exports may fall to $265-270
billion in FY16, says FIEO
The country's exports will range between
$265-270 billion in 2015-16, sharply
lower than the $310.5 billion achieved in
the previous fiscal, exporters' body FIEO
has said. According to our assessment
exports for the current fiscal will range
between $265-270 billion. If this trend
continues it may lead to job losses,
according to FIEO Director General Ajay
Sahai. Exports contracted for the
thirteenth month in a row in December
2015 as outward shipments shrank
14.75% to $22.2 billion amid a global
demand slowdown.
Indian tyre industry revenues to grow
by 4-6% in FY17
After a healthy 15% volume growth in
2014-15, the domestic tyre demand is
estimated to clock a muted 0-2% growth
during the current fiscal on the back of a
2-2.5% growth in the original equipment
manufacturer (OEM) demand and
1-1.25% growth in the replacement

NEWS UPDATE

SIP VALUE AS ON 31ST JANUARY 2016

Starting - February Month of
Years
Invested Amount

2015

2013

2011

2009

2006

2004

10

12

1,20,000

3,60,000

6,00,000

8,40,000

12,00,000

14,40,000

1,177,615
1,460,034
1,760,740
1,276,843
1,409,758
1,390,089
1,604,387
1,725,745
1,436,830
1,586,461
2,063,344
1,787,881
1,649,089
1,381,020
1,406,464
1,444,276
1,391,995
1,877,150
1,177,963
2,073,729
1,287,858
1,295,904
2,221,905
1,374,846
1,693,820
1,175,681
1,259,478
1,202,101
1,466,811
1,278,104
1,466,636
1,645,369
1,342,554
1,838,419
1,503,334
2,062,709
1,445,165
1,257,417
1,274,954
1,209,008
1,081,685
1,850,294
1,166,458
1,440,380
1,209,433
1,158,488
1,062,108
1,113,649
1,335,292
1,507,553
1,336,472
2,007,439
1,355,592
1,629,752
1,382,793
1,311,583
1,793,211
1,185,895
1,108,248
1,048,953
1,686,681
1,491,983
1,164,764
1,160,698
1,316,577
1,876,768
1,281,488
1,226,287
1,702,669
1,626,538
1,347,227
1,352,374
1,297,478
1,430,466
1,780,961
1,090,148
1,188,259
1,529,221
-

1,989,923
2,319,508
3,048,353
2,345,661
2,327,167
2,482,017
2,799,414
2,658,762
2,754,646
3,816,953
2,357,000
2,521,090
2,239,084
3,475,639
2,294,978
2,291,904
2,314,300
2,060,023
2,070,172
1,983,041
2,283,057
2,214,722
2,508,219
2,110,319
3,057,007
2,615,320
3,412,346
2,509,250
2,089,154
2,291,498
2,103,132
1,681,653
1,940,134
2,181,633
1,804,694
2,127,281
2,246,867
2,343,677
3,222,090
2,536,765
2,270,996
2,202,688
3,327,691
1,871,485
3,361,084
1,687,090
2,118,924
2,035,839
2,605,602
2,269,813
2,360,090
3,001,514
1,706,933
1,859,541
-

3,099,017
3,423,941
4,837,590
3,485,024
3,754,616
4,051,280
3,677,637
4,458,317
5,856,289
3,862,884
3,673,094
3,385,263
3,223,574
3,081,694
3,408,480
3,504,027
3,243,823
4,548,112
4,254,020
3,923,046
3,804,167
3,403,696
2,436,536
3,629,320
2,759,525
3,245,711
4,021,929
3,563,266
3,468,171
2,359,651
3,380,186
2,354,479
-

Investment Value e

Schemes (Diversified Equity)

Axis Equity Fund - Gr
Axis MidCap Fund - Gr
Baroda Pioneer Growth Fund - Growth Plan
Birla Sun Life Advantage Fund Gr
Birla Sun Life Buy India Fund - Gr
Birla Sun Life Dividend Yield Plus - Growth
Birla Sun Life Equity Fund - Gr
Birla Sun Life Frontline Equity Fund - Gr
Birla Sun Life India GenNext Fund - Gr
Birla Sun Life India Opportunities Fund Plan B Gr
Birla Sun Life Long Term Advantage Fund - Gr
Birla Sun Life Midcap Fund - Gr
Birla Sun Life MNC Fund Gr
Birla Sun Life Pure Value Fund - Gr
Birla Sun Life Small and Midcap Fund - Gr
Birla Sun Life Special Situations Fund - Gr
Birla Sun Life Top 100 Fund - Gr
BNP Paribas Dividend Yield Fund- Gr
BNP Paribas Equity Fund - Gr
BNP Paribas Midcap Fund - Gr
BOI AXA Equity Fund - Regular Plan Gr
Canara Robeco Emerging Equities Fund - Gr
Canara Robeco Equity Diversified - Gr
Canara Robeco F.O.R.C.E. Fund - Regular Gr
Canara Robeco Large Cap Plus Fund - Gr
DHFL Pramerica Large Cap Equity Fund - Gr
DSP BlackRock Equity Fund - Reg. Plan - Div
DSP BlackRock Focus 25 Fund - Gr
DSP BlackRock Micro Cap Fund - Gr
DSP BlackRock Opportunities Fund - Gr
DSP BlackRock Small and Mid Cap - Reg Gr
DSP BlackRock Top 100 Equity Fund Gr
DWS Alpha Equity Fund - Gr
DWS Investment Opportunity Fund - Gr
Edelweiss Diversified Growth Equity Top 100 Fund - Gr
Edelweiss Emerging Leaders Fund - Gr
Edelweiss Prudent Advantage Fund Plan A - Gr
Escorts Growth Plan G
Franklin India Bluechip Fund Gr
Franklin India Flexi Cap Fund - Gr
Franklin India High Growth Companies Fund - Gr
Franklin India Opportunities Fund-Gr
Franklin India Prima Fund Gr
Franklin India Prima Plus Gr
Franklin India Smaller Companies Fund - Gr
Goldman Sachs India Equity Fund - Gr
HDFC Capital Builder-Gr
HDFC Core and Satellite Fund - Gr
HDFC Equity Fund - Div
HDFC Growth Fund Gr
HDFC Large Cap Fund - Gr
HDFC Mid Cap Opportunities Fund - Gr
HDFC Premier Multi-Cap Fund - Gr
HDFC Small and Mid Cap Fund - Gr
HDFC Top 200 Fund - Div
HSBC Dividend Yield Equity Fund - Gr
HSBC Dynamic Fund - Gr
HSBC Equity Fund - Gr
HSBC India Opportunities Fund - Gr
HSBC Midcap Equity Fund - Gr
ICICI Prudential Dynamic Plan - Gr
ICICI Prudential Exports and Other Services Fund - Gr
ICICI Prudential Focused Bluechip Equity Fund - Gr
ICICI Prudential MidCap Fund - Gr
ICICI Prudential Multicap Fund - Gr
ICICI Prudential Select Large Cap Fund - Retail Gr
ICICI Prudential Top 100 Fund - Gr
ICICI Prudential Value Discovery Fund Gr
IDFC Classic Equity Fund - Regular Plan - Gr
IDFC Equity Fund - Regular Plan - Gr
IDFC Imperial Equity Fund - Regular Plan - Gr
IDFC Premier Equity Fund - Regular Plan - Gr
IDFC Sterling Equity Fund - Regular Gr
Indiabulls Blue Chip Fund - Gr
JM Equity Fund Growth Option
JM Multi Strategy Fund - Growth Option
JP Morgan India Equity Fund - Gr
JP Morgan India Mid and Small Cap Fund - Gr
Kotak 50 Equity Scheme Div
Kotak Classic Equity Fund - Gr
Kotak Emerging Equity Scheme - Gr
Kotak Midcap - Gr
Kotak Opportunities Fund - Gr
Kotak Select Focus Fund - Gr
L&T Equity Fund - Gr
L&T India Large Cap Fund - Gr
L&T India Special Situations Fund - Gr
L&T India Value Fund - Gr
L&T Midcap Fund - Gr
LIC Nomura Equity Fund Gr
LIC Nomura Growth Fund Gr
Mirae Asset Emerging Bluechip Fund - Gr
Mirae Asset India Opportunities Fund - Gr
Motilal Oswal MOSt Focused 25 Fund - Gr

113,750
112,515
110,823
114,909
118,486
110,438
112,727
113,280
114,170
121,251
113,879
115,860
114,363
117,527
118,611
113,408
113,395
111,303
111,149
114,710
112,203
116,600
110,205
111,530
111,939
109,798
111,381
110,286
120,202
114,960
116,374
110,180
113,808
113,087
110,919
116,072
115,110
120,724
113,344
112,983
108,584
110,323
115,897
114,172
118,061
113,075
114,086
113,120
106,632
111,986
108,938
115,107
106,185
116,973
107,699
112,512
113,555
112,044
111,223
114,277
113,641
121,950
112,710
109,975
113,150
109,454
115,114
112,239
114,520
109,777
108,191
113,466
112,278
113,176
111,443
108,690
113,113
113,590
113,187
110,840
114,314
115,383
111,683
113,398
112,092
111,316
111,473
118,727
117,346
105,646
108,959
118,766
113,935
110,481

416,455
491,866
418,814
481,808
522,242
419,301
456,527
432,487
458,787
526,341
452,687
506,776
551,234
531,466
513,908
472,138
437,609
442,701
435,546
508,879
410,702
569,285
407,766
439,737
404,276
386,772
432,270
437,730
619,647
447,524
512,097
398,273
429,939
419,470
416,287
485,307
429,877
508,769
419,768
458,998
479,977
449,658
517,125
466,297
556,642
468,734
448,596
435,983
405,653
407,743
372,864
509,722
406,657
457,533
395,144
406,548
392,973
395,939
437,860
534,974
418,535
539,160
418,793
508,346
444,467
396,744
418,153
494,479
412,692
378,456
378,227
479,314
452,611
400,645
418,366
425,814
432,140
529,538
429,726
402,680
529,273
503,437
439,535
459,045
435,513
421,534
438,491
526,414
541,509
381,670
407,332
557,567
453,684
-

830,013
783,821
945,468
1,068,203
783,548
905,329
863,499
943,559
1,076,582
897,826
991,386
1,154,444
1,087,143
1,011,889
911,317
873,258
875,727
872,055
1,083,100
780,135
1,180,946
786,711
863,714
776,639
713,984
816,531
825,131
1,263,174
868,682
1,005,355
748,832
828,183
799,658
819,236
793,376
968,063
797,951
906,774
1,003,242
868,233
1,088,702
925,264
1,213,715
881,162
797,271
779,306
756,906
705,452
1,049,204
742,527
894,892
754,259
758,063
710,300
735,653
851,045
1,018,269
819,238
1,206,855
820,596
1,017,240
871,844
764,742
820,874
1,025,160
782,586
716,768
693,373
975,732
890,088
786,398
805,710
828,206
1,105,019
823,070
784,361
1,058,434
990,517
855,007
916,417
837,197
805,390
870,584
1,076,593
1,091,711
719,210
774,250
1,189,298
908,282
-

segment. Going forward, however, the

domestic tyre industry is likely to do
better in the coming three years, when
demand would grow in the range of 4-6%.
As per a latest report by rating agency
ICRA, domestic tyre production was
affected by the deluge in tyre imports (up
12-14% FY16 expected) and falling
exports (down 13-15% FY16 expected).
ICRA expects the domestic tyre demand
to grow by 4-6% over the next three years
(FY2016-18).
Tax collections stand at R10.66 lakh cr
in first 11 months of fiscal
The finance ministry has said that tax
collections stood at R10.66 lakh crore in
the first eleven months of the current
financial year, which was 73.5% of the
Budget target of R14.49 lakh crore.
However, direct tax collections might
slightly fall short of the budget target, but
it would be offset by robust indirect tax
collections, it said. The revenue
department expects additional about
R40,000 crore to come from indirect
taxes, which will offset shortfall in direct
tax mop up.
Growth in India's services activity at
19-month high in January
Activity in India's services sector
increased at its fastest pace in over a
year and a half in January as demand
accelerated, allowing firms to build up a
much bigger backlog of orders, a
business
survey
showed.
The
Nikkei/Markit
Services
Purchasing
Managers' Index rose to 54.3 in January
from 53.6 in December, the seventh
straight month above the 50-level that
distinguishes growth from contraction.
January also marked the seventh
consecutive month of expansion in new
business, with that sub-index rising to an
11-month high of 54.1 from 53.8.
Respondents cited better weather and
stronger underlying demand as the main
drivers.
Indian household inflation expectation
remains above 10%: RBI
Indian households expect consumer
inflation to remain above 10% over the
next year, a survey by the Reserve Bank
of India shows, in sharp contrast to the
actual data which was nearly half that
figure in December. Households expected
consumer price inflation at 10.3% over
the period from January to March this
year, according to the survey. It was
10.5% in the September survey. Indian
households' expectation of a sticky and
elevated level of inflation has been a
source of concern for RBI Governor
Raghuram Rajan, who has vowed to
lower consumer inflation to 5% by

NEWS UPDATE

SIP VALUE AS ON 31ST JANUARY 2016

Starting - February Month of
Years
Invested Amount

2015

2013

2009

2006

2004

end-March 2017 and 4% in the medium

term.

10

12

1,20,000

3,60,000

6,00,000

8,40,000

12,00,000

14,40,000

FDI to India increased by 39% in 18

months: Modi
Prime Minister Narendra Modi has said
the foreign direct investment (FDI) to
India has increased by 39 per cent in the
last 18 months even while galling
globally. The FDI to India increased by 39
per cent in the last 18 months, when
global FDI has fallen, Modi said in his
address at The Economic Times Global
Business Summit. He also mentioned
that at present global economy is going
through a period of uncertainty.
India needs to push GST, regulatory
reforms: Swedish survey

Investment Value e

Schemes (Diversified Equity)

Motilal Oswal Most Focused Midcap 30 Fund - Gr
Motilal Oswal MOSt Focused Multicap 35 Fund - Gr
Principal Dividend Yield Fund - Gr
Principal Emerging Bluechip Fund - Gr
Principal Growth Fund Gr
Principal Large Cap Fund - Gr
Reliance Equity Opportunities Fund - Gr
Reliance Focused Large Cap Fund - Gr
Reliance Growth Fund Gr
Reliance Mid & Small Cap Fund - Gr
Reliance Quant Plus Fund - Gr
Reliance Regular Savings Fund Equity Plan - Gr
Reliance Small Cap Fund - Gr
Reliance Top 200 Fund - Gr
Reliance Vision Fund Gr
Religare Invesco Business Leaders Fund - Gr
Religare Invesco Contra Fund - Gr
Religare Invesco Dynamic Equity Fund - Gr
Religare Invesco Growth Fund - Gr
Religare Invesco Mid N Small Cap Fund - Gr
Religare Invesco Midcap Fund - Gr
SBI Blue Chip Fund - Gr
SBI Contra Fund - Regular Div
SBI Emerging Businesses Fund - Regular Plan - Gr
SBI Magnum Equity Fund - Div
SBI Magnum Global Fund - Div
SBI Magnum MidCap Fund - Gr
SBI Magnum Multicap Fund - Gr
SBI Magnum Multiplier Plus - Div
SBI Small & Midcap Fund - Gr
Sundaram Equity Multiplier Fund - Gr
Sundaram Growth Fund Gr
Sundaram Rural India Fund - Gr
Sundaram S.M.I.L.E. Fund - Gr
Sundaram Select Focus - Gr
Sundaram Select MidCap - Gr
Tata Dividend Yield Fund - Gr
Tata Equity Opportunities Fund - Gr
Tata Equity P/E Fund Gr
Tata Ethical Fund - Gr
Tata Mid Cap Growth Fund - Gr
Tata Pure Equity Fund - Gr
Taurus Bonanza Fund Gr
Taurus Discovery Fund - Gr
Taurus Ethical Fund - Gr
Taurus Starshare Growth
Templeton India Growth Fund Gr
UTI Bluechip Flexicap Fund - Gr
UTI Dividend Yield Fund. - Gr
UTI Equity Fund - Div
UTI India Lifestyle Fund - Gr
UTI Master Share - Div
UTI Mid Cap Fund - Gr
UTI MNC Fund - Gr
UTI Opportunities Fund - Gr
UTI Top 100 Fund - Gr
Average Value of Above Funds
Maximum Value
Minimum Value
Universe
ELSS / Tax Savings Schemes
Axis Long Term Equity Fund - Gr
Baroda Pioneer Elss 96
Birla Sun Life Tax Plan - Div
Birla Sun Life Tax Relief 96 Fund - Div
Birla Sun Life Tax Savings Fund - Gr
BNP Paribas Long Term Equity Fund - Gr
Canara Robeco Equity Tax Saver Fund - Div
DSP BlackRock Tax Saver Fund - Gr
DWS Tax Saving Fund - Gr
Edelweiss ELSS Fund - Gr
Franklin India Taxshield Gr
HDFC Long Term Advantage Fund - Gr
HDFC Taxsaver - Div
HSBC Tax Saver Equity Fund - Gr
ICICI Prudential Long Term Equity Fund - Regular Gr
IDFC Tax Advantage (ELSS) Fund - Regular Gr
JM Tax Gain Fund - Growth Option
JP Morgan India Tax Advantage Fund - Gr
Kotak Tax Saver - Gr
L&T Tax Advantage Fund - Gr
LIC Nomura Tax Plan Gr
Principal Personal Tax Saver
Principal Tax Savings Fund
Reliance Tax Saver Fund - Gr
Religare Invesco Tax Plan - Gr
SBI Magnum Tax Gain Fund - Div
Sundaram Tax Saver - Div
Tata India Tax Savings Fund Regular Plan - Div
Taurus Tax Shield - Gr
UTI Long Term Equity Fund (Tax Saving) - Div
Average Value of Above Funds
Maximum Value
Minimum Value
Universe
S&P BSE SENSEX
NIFTY 50

2011

117,740
114,148
110,413
113,418
112,377
112,011
110,566
109,169
112,064
115,089
109,592
112,587
121,557
110,563
108,644
114,699
115,686
115,181
112,986
115,862
116,133
117,268
111,946
115,597
114,561
112,997
119,608
117,537
116,409
121,463
115,957
104,938
118,920
113,594
111,541
115,975
114,423
115,243
112,597
113,815
112,980
112,455
111,249
111,157
110,394
109,634
111,119
111,857
110,419
112,461
110,144
110,028
113,657
112,343
108,015
110,337
113,199
121,950
104,938
150

399,935
510,203
437,621
417,800
447,066
412,875
455,528
520,470
379,807
452,484
605,367
438,545
434,390
433,930
485,477
423,926
440,268
514,116
519,498
463,777
421,913
458,026
429,676
493,880
557,232
482,133
476,290
617,584
454,118
350,663
458,794
560,787
396,041
525,550
439,478
452,796
465,971
450,319
526,900
412,857
414,871
476,474
436,077
407,848
419,642
405,496
394,753
430,805
391,928
411,276
542,591
505,934
392,215
416,489
455,803
619,647
350,663
147

745,649
1,069,721
877,878
800,629
899,584
809,502
869,606
1,038,489
710,934
870,833
1,254,316
861,491
811,988
837,328
947,199
835,906
861,920
1,077,944
1,068,811
935,769
791,819
924,106
829,737
1,021,145
1,190,355
948,763
945,724
1,299,110
845,670
637,971
872,828
1,098,581
734,904
1,057,293
840,000
895,082
897,775
905,434
1,073,942
796,451
764,508
958,502
838,725
772,472
794,435
781,781
727,825
849,230
754,287
780,751
1,127,636
1,038,267
759,051
798,799
896,531
1,299,110
637,971
143

1,176,225
1,754,478
1,356,682
1,270,478
1,565,118
1,193,414
1,359,077
1,671,074
1,112,010
1,373,947
1,360,097
1,244,991
1,510,745
1,322,577
1,372,112
1,921,139
1,861,209
1,470,908
1,177,458
1,684,681
1,320,652
1,736,327
1,950,690
1,446,482
1,486,134
1,289,939
967,367
1,386,443
1,717,974
1,104,107
1,773,914
1,399,428
1,422,778
1,435,652
1,499,773
1,751,694
1,258,987
1,157,347
1,496,979
1,231,171
1,242,512
1,203,793
1,159,158
1,383,207
1,230,781
1,219,334
1,902,789
1,822,038
1,246,898
1,266,988
1,439,759
2,221,905
967,367
128

1,907,454
2,045,698
2,189,958
2,809,556
2,350,679
2,507,124
2,043,870
1,900,480
2,833,873
2,249,406
2,853,233
3,009,783
2,232,117
2,494,449
1,519,332
2,973,844
1,780,656
3,121,736
2,513,341
2,311,656
2,541,804
2,481,755
2,877,481
2,144,002
1,755,835
2,167,128
1,987,905
2,162,125
2,102,166
2,373,339
2,032,550
3,194,122
3,323,242
2,265,833
2,016,761
2,395,304
3,816,953
1,519,332
89

2,890,125
4,036,741
3,227,096
3,245,074
3,607,013
4,832,915
4,243,463
2,290,661
2,809,201
5,471,158
3,593,611
3,920,840
3,416,440
2,551,850
2,956,475
3,242,562
3,347,647
3,498,037
3,000,291
3,556,070
5,856,289
2,290,661
51

116,099
110,556
115,366
115,582
115,010
112,339
111,774
115,222
114,031
113,020
113,888
111,962
106,935
111,756
116,021
111,631
110,595
113,167
109,673
112,680
107,104
111,997
112,397
109,155
114,756
110,344
112,766
118,206
111,618
111,378
112,568
118,206
106,935
30
110,674
111,000

504,582
419,940
478,256
484,804
455,733
455,416
421,594
457,932
432,195
442,009
463,724
415,598
409,526
431,203
460,188
450,858
437,362
435,653
436,930
432,208
416,566
418,445
437,789
475,092
469,814
436,045
429,344
473,535
408,697
413,084
443,471
504,582
408,697
30
381,209
385,886

1,065,254
800,621
951,282
964,342
859,993
922,302
816,918
914,930
835,442
870,924
920,254
810,930
784,535
855,777
918,449
908,146
842,711
829,868
822,123
830,164
798,398
801,415
881,622
959,165
936,745
861,444
821,027
927,660
763,840
785,453
868,724
1,065,254
763,840
30
719,454
726,758

1,220,869
1,506,568
1,502,985
1,369,948
1,499,778
1,333,343
1,468,737
1,259,506
1,377,369
1,521,840
1,323,233
1,269,900
1,357,147
1,533,812
1,464,670
1,247,147
1,305,799
1,276,072
1,346,604
1,214,654
1,237,860
1,369,800
1,582,470
1,543,219
1,353,637
1,249,845
1,484,830
1,190,788
1,214,697
1,366,453
1,582,470
1,190,788
29
1,107,238
1,118,293

1,916,925
2,402,605
2,447,268
2,106,042
2,310,348
2,452,081
2,646,062
2,214,320
2,175,792
2,628,978
2,014,226
1,852,324
1,978,632
2,075,385
2,704,899
2,222,139
2,076,986
2,417,607
2,111,406
1,913,297
2,233,366
2,704,899
1,852,324
20
1,786,169
1,816,513

2,653,083
3,635,973
3,656,540
3,985,331
4,139,375
3,392,055
3,580,924
4,185,091
2,486,353
2,951,535
3,089,204
3,780,886
3,384,195
3,539,064
2,725,786
3,412,360
4,185,091
2,486,353
15
2,715,235
2,722,220

India needs to push reforms in the area of

taxation including Goods and Services
Tax (GST) as well at in regulations to
improve business sentiment that has
dampened slightly in the last one year, a
survey said. According to the Business
Climate Survey conducted by Swedish
Chamber of Commerce in India along with
the Embassy of Sweden, only 72 per cent
of the companies indicated a favourable
investment climate for the next three
years as against 90 per cent in 2014-15.
Fiscal deficit reaches nearly 88% of
full-year target in December
India's fiscal deficit was R4,88,000 crore
($71.90 billion) during April-December, or
87.9% of the full-year target, data from
the government has revealed. The deficit
was 100.2% of the full-year target during
the same period a year ago. This means
that the government will have to keep the
excess of its expenditure over income at
12.1% of budget estimates in the
remaining three months of the fiscal.
Meanwhile, net tax receipts were
R6,22,000 crore in the first nine months
of the fiscal year that ends in March
2016, while total spending touched
R13,14,000 crore.
India's energy demand to double in
next 25 years: ExxonMobil report
India's energy demand is likely to almost
double in next 25 years as the economy
is estimated to expand to $9 trillion by
2040, US oil major ExxonMobil said in its
Energy Outlook 2040. Through 2040, we
see China, India and other non-OECD
countries needing much more energy to
fuel economic development and rising
living standards. On the other hand, the
US, Europe and other OECD nations will
see declines in overall energy demand
and emissions, even as their economic
output continues to grow.

DISCLAIMER: We have taken due care and caution in compilation of this booklet. The information has been obtained formvarious reliable sources. However it does not guarantee the accuracy, adequacy or completeness
of any information and are not responsible for any errors or omissions of the results obtained from the use of such information. Investors shold seek proper financial advise regarding the appropriateness of investing in
any of the schemes stated, discussed or recommended in this newsletter and should realise that thestatements regarding future prospects may or may not realise. Mutual fund investments are subject to market risks.
Please read the offer document carefully before investing. Past performance is for indicative purpose only and is not necessarily a guide to the future performance.