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Portfolio Evaluation Report

For

Mr. X**** Z*******

Prepared by

Mr. Arnik Shah

Certified Financial Planner, CFPCM

Mumbai

Regional Manager: Mr. Mayank Shah, CFPCM

Pune

October 27, 2016

Private & Confidential


ICICIdirect Portfolio Evaluation Service

Table of Contents
An Important message..............3

Detailed Portfolio Analysis.....................4-35

Risk Profile
Current Vis a Vis Recommended Allocation
Portfolio Risk Vs. Return
Historical Return of Portfolio
Portfolio Diversification- Stock
Consensus View on Stock
Mutual Fund Risk/Return

Annexure.........................36-46

Disclosures and Disclaimer..............47-49

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An Important Message

Dear Mr. Z*******

We are pleased to present you with your Portfolio Evaluation Report (PER). Based on the
information that you have provided, we have analyzed your portfolio and prepared an action
plan that will help to effectively manage your portfolio.

This report contains an analysis of your portfolio on the following parameters:

1. Risk Profile and Asset Allocation


2. Portfolio Risk-Return against benchmark
3. Historical return of Portfolio
4. Stock Portfolio Diversification Risks
5. Mutual Fund Portfolio Risk/Returns

Please note that the analysis is based on average daily rolling returns calculated for the period of
last 5 years. The analysis has been done assuming that you have held the same portfolio in the
past and assumed that it is a long term strategic portfolio.

Objective

The objective of the reports is to identify and evaluate the risks in the portfolio. The risks in a
portfolio could be related to inadequate diversification, holding stocks with inadequate expected
returns on risk, sector diversification, over exposure, fund manager risk etc. For direct stock
portfolio, the report looks at rebalancing the current stock allocations and attempts to
recommend a portfolio with a higher reward to risk ratio. The report uses a Mean Variance
Optimization tool with constraints to recommend a rebalanced portfolio. No fresh stock
specific allocations are recommended through this report. Given that the basis of
recommendation is a higher reward to risk ratio, the recommended portfolio does not guarantee
a higher return than the existing portfolio.

Sincerely,

ICICI Securities Ltd.

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Risk Profile

Lets begin with determining your risk profile. It provides guidelines on which assets to allocate
as per your risk appetite.

Risk profile is determined based on the information provided by you and your responses in the
risk profiling exercise.

High

Aggressive

Return Moderate

Low
Conservative Your Risk Profile

Low Risk High

You have emerged as an investor with an Aggressive profile. Investors with this profile
typically have the following characteristics.

1. Your primary aim is growth of capital

2. You are comfortable with initial fluctuations in the value of your investments to generate high
returns

3. You understand that taking larger risks helps earn higher returns

4. You prefer investing in avenues such as equity that provide high returns but at the same time
pose high risks

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Asset Allocation
The second step involves determining appropriate Asset Allocation based on your Risk Profile.

Asset Allocation is the most important factor in portfolio evaluation and indicates the distribution
of your investments in different asset classes i.e. equity, debt, cash & alternate

Lets analyze your current portfolio allocation vis a vis the suggested asset allocation.

Profile Cash# Debt Equity Alternate#


Your Portfolio 7.40% 37.09% 51.81% 3.70%
Aggressive (Suggested Allocation) 0.00% 40.00% 60.00% 0.00%
Deviation from Suggested Allocation 7.40% -2.91% -8.19% 3.70%

# Cash and alternate (Tata Cap Pref.) are optional

Note: The suggested asset allocation is as per your risk profile alone & not based on your life goals, we would
recommend you go through financial planning service for knowing the exact asset allocation.

Portfolio Alerts

You are overweight in cash by ~ 7% of the portfolio, you should look to invest your savings
(` 20 Lakhs)

You are underweight in equity by ~ 8% of the overall portfolio

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Overall Portfolio Analysis

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Portfolio Risk -Return Matrix


The next step involves analyzing the risk taken and returns generated by your portfolio and comparing
the same with Suggested Asset Allocation

The returns on a portfolio should be evaluated with the risk associated with the investments. It is
obvious to expect higher returns from a riskier portfolio.

Portfolio Analysis Based on Rolling Returns Methodology


Average Return Standard
Portfolio Category Asset Allocation (Post Tax) Deviation (Risk)
(%) (%)
Your Portfolio
60.50% Equity; 28.59% Debt;
Your overall Portfolio 13.65 9.73
10.91% Cash
Market
Nifty-Total Return Index
100% Equity 12.73 15.87
(TRI)
Risk Profiles
Aggressive Risk Profile 60.00% Equity; 40.00% Debt 10.04 9.52
Moderate Risk Profile 45.00% Equity; 55.00% Debt 9.03 7.14
Conservative Risk Profile 30.00% Equity; 70.00% Debt 8.02 4.76
Note: For the above analysis we have first excluded TATA CAP LTD PREF 21AP22 and Goldman Sachs Mutual
Fund - CPSE ETF - Growth Option and then 21 mutual funds and 4 stocks as they do not have full 5 year
performance history and considered the rest of the portfolio as 100%.

Portfolio Alerts

The standard deviation (Risk) of the portfolio is ~ 10% with 61% equity exposure, which is
similar when compared with the suggested standard deviation for the Aggressive risk profile
~ 10% with 60% equity exposure

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Historical Returns of a Portfolio


This section gives you point to point returns earned by your total portfolio, comprising of investments in
Cash, Debt, Equity and Alternate; over various holding periods.

Point to Point Returns As on October 26, 2016


Your Portfolio 60.50% Equity; 28.59% Debt; 10.91% Cash
Your Portfolio Returns
Periods (Post Tax)
(%)
3 Months (Absolute) 2.62
6 Months (Absolute) 11.99
Last 1 Year 7.41
Last 3 Years (CAGR) 16.67
Last 5 Years (CAGR) 10.61

Portfolio Alerts

Your Portfolio has delivered positive returns during all of the time periods

Note: For the above analysis we have excluded TATA CAP LTD PREF 21AP22 and then Arvind Infrastructure
Ltd., Axis Midcap Fund(D), Axis Midcap Fund(G), DSPBR Micro-Cap Fund(G)-Direct Plan, Franklin India High
Growth Cos Fund(G)-Direct Plan, Franklin India Ultra Short Bond Fund(DD)-Direct Plan, Goldman Sachs Mutual
Fund - CPSE ETF - Growth Option, HDFC CPO Fund-III-1207D-Dec14(G)-Direct Plan, HDFC FMP-XXIV-1919D-
January 2013(1)(G), HDFC FMP-XXXI-1116D-July 2014(1)(G)-Direct Plan, HDFC FMP-XXXI-747D-June 2014(1)(G)-
Direct Plan, HDFC FMP-XXXII-1113D-Nov 2014(1)(G)-Direct Plan, HDFC FMP-XXXII-1134D-Sep 2014(1)-Reg(G),
HDFC FMP-XXXIII-1157D-Feb 2015(1)-Reg(G), HDFC Medium Term Opportunities Fund(QD)-Direct Plan, ICICI Pru
CPO Fund-VII-C-1284D(G), ICICI Pru FMP-74-780D-E(G), ICICI Pru FMP-75-1100D-N(G), ICICI Pru FMP-75-1246D-
U(G)-Direct Plan, ICICI Prudential Life Insurance Company Ltd., L&T Finance Holdings Ltd., MOSt Focused
Midcap 30 Fund-Reg(G), RBL Bank Ltd., Reliance Dual Adv FTF-VI-A-1094D-(G), Reliance FHF-XXVI-35-1095D(G)
and SBI DAF-VI-Reg(G) as they do not have full 5 year performance history and considered the rest of the
portfolio as 100%.

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Performance of Individual Securities in Your Portfolio


Point to Point Returns As on October 26, 2016
3 Months 6 Months 3 Years 5 Years
Sr. % 1 Year
Your Portfolio (absolute) (absolute) (CAGR) (CAGR)
No. Weight (%)
(%) (%) (%) (%)
Stocks
1 Adani Ports and SEZ Ltd. 0.17 35.95 33.13 -3.59 28.26 13.58
2 Adani Power Ltd. 0.14 -8.29 -20.61 -12.90 -8.04 -20.99
3 Allcargo Logistics Ltd. 0.27 -3.70 16.72 16.17 57.63 19.36
4 Arvind Infrastructure Ltd. 0.03 6.55 2.61 36.87 NA NA
5 Arvind Ltd. 1.20 32.67 42.10 45.09 58.36 30.26
6 Axis Bank Ltd. 0.45 -12.13 1.26 -6.65 26.86 16.70
7 Ballarpur Industries Ltd. 0.05 8.76 -3.42 -6.94 8.92 -9.05
8 Bank Of Baroda 0.14 0.62 -4.11 -9.85 9.18 1.44
9 Coal India Ltd. 1.18 -2.71 10.79 -4.14 4.60 -0.58
10 Engineers India Ltd. 0.24 20.48 47.97 34.04 16.56 2.05
11 Gateway Distriparks Ltd. 0.18 -7.55 -13.91 -27.52 30.37 11.22
12 GVK Power & Infrastructure Ltd. 0.25 4.31 -0.73 -13.87 -5.36 -13.94
13 HDFC Bank Ltd. 0.23 0.14 11.41 12.67 22.59 21.30
14 Himatsingka Seide Ltd. 0.51 -0.83 21.06 28.62 85.68 52.58
15 HDFC Ltd. 0.25 -2.31 18.45 1.76 18.12 14.89
16 ICICI Bank Ltd. 0.52 6.30 9.62 -2.33 10.86 9.81
17 ICICI Prudential Life Insurance Co. Ltd. 0.65 NA NA NA NA NA
18 IL&FS Transportation Networks Ltd. 0.33 43.66 47.11 21.95 4.95 -9.68
19 Infosys Ltd. 0.19 -6.79 -17.69 -11.86 6.80 7.41
20 IRB Infrastructure Developers Ltd. 0.18 13.23 12.94 -0.72 46.75 8.32
21 Jain Irrigation Systems Ltd. 0.15 48.75 62.96 60.69 20.37 -2.23
22 Jaypee Infratech Ltd. 0.04 -14.57 16.95 -33.51 -20.31 -32.27
23 Jindal Steel & Power Ltd. 0.28 -4.36 3.43 2.13 -31.39 -32.23
24 JSW Energy Ltd. 0.22 -15.73 -1.83 -24.01 13.14 5.77
25 KPIT Technologies Ltd. 0.27 8.02 -5.04 5.03 -0.21 11.98
26 L&T Finance Holdings Ltd. 0.39 33.29 47.39 53.90 11.01 15.30
27 Larsen & Toubro Ltd. 1.37 -6.83 15.75 -1.69 16.07 10.48
28 LIC Housing Finance Ltd. 0.22 14.26 27.00 20.21 41.31 21.82
29 MMTC Ltd. 0.09 1.53 17.11 3.91 -3.83 -40.92
30 National Aluminium Company Ltd. 0.19 7.56 10.26 26.09 12.92 -4.31
31 NCC Ltd. 0.27 13.37 18.63 15.80 76.58 20.75
32 NMDC Ltd. 0.45 20.91 22.82 23.07 -3.72 -12.61
33 Power Finance Corporation Ltd. 0.18 15.20 37.33 2.82 25.60 11.05
34 Power Grid Corporation Of India Ltd. 1.34 2.65 21.30 29.52 20.66 11.10
35 PTC India Ltd. 0.11 -8.63 15.14 11.84 11.47 1.19
36 Punjab National Bank 0.13 11.24 59.73 7.42 13.16 -5.22
37 RBL Bank Ltd. 0.17 NA NA NA NA NA
38 Reliance Capital Ltd. 0.19 22.67 28.76 26.73 14.38 8.71
39 Reliance Defence and Engineering Ltd. 0.18 -6.98 -10.51 4.35 4.61 -7.04
40 Reliance Infrastructure Ltd. 0.21 -1.26 0.58 44.97 9.67 5.58
41 Rural Electrification Corporation Ltd. 0.30 25.93 46.85 6.71 13.03 8.76
42 State Bank Of India 0.48 14.37 28.98 3.15 14.65 6.76
43 Sunil Hitech Engineers Ltd. 0.31 124.41 86.59 43.81 109.51 36.26
44 Titan Company Ltd. 0.28 -9.34 0.78 8.50 15.37 11.52
45 Trident Ltd. 0.22 25.53 10.13 25.80 74.90 37.44
46 VA Tech Wabag Ltd. 0.37 -13.04 -12.49 -22.19 25.34 23.39
47 Welspun Investments & Commercials Ltd. 0.01 13.72 31.58 55.93 65.50 11.37
Total 15.55

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3 Months 6 Months 3 Years 5 Years


Sr. % 1 Year
Your Portfolio (absolute) (absolute) (CAGR) (CAGR)
No. Weight (%)
(%) (%) (%) (%)
Equity Mutual Funds
1 Axis Equity Fund(G) 2.11 2.87 8.32 5.31 15.62 15.40
2 Axis Midcap Fund(D) 0.86 5.77 12.22 6.78 30.07 22.69
3 Axis Midcap Fund(G) 1.44 6.58 12.21 6.62 30.34 22.79
4 Birla SL Frontline Equity Fund(D) 2.39 5.26 15.83 12.65 20.96 18.11
5 BNP Paribas Mid Cap Fund(D) 0.78 6.35 16.65 13.15 31.65 25.47
6 BNP Paribas Mid Cap Fund(G) 1.38 6.35 16.66 13.16 31.65 25.47
7 DSPBR Micro-Cap Fund(G)-Direct Plan 1.43 12.32 25.59 28.14 52.42 NA
8 Franklin India High Growth Cos (G)-Direct 2.53 3.99 15.15 9.80 30.80 NA
9 Franklin India Prima Fund(D) 0.71 8.16 20.05 20.24 35.77 26.41
10 HDFC Equity Fund(G) 2.25 8.20 19.03 11.35 22.94 15.92
11 HDFC Mid-Cap Opportunities Fund(D) 3.29 12.37 24.81 22.88 37.59 25.40
12 ICICI Pru Focused BlueChip Equity (D) 2.84 4.21 14.31 11.66 18.22 16.01
13 ICICI Pru Focused BlueChip Equity (G) 1.43 4.20 14.31 11.53 18.13 15.96
14 ICICI Pru Value Discovery Fund(D) 3.01 3.23 11.58 10.06 31.12 23.87
15 IDFC Premier Equity Fund-Reg(D) 2.92 4.57 11.57 9.51 28.38 19.69
16 MOSt Focused Midcap 30 Fund-Reg(G) 1.52 9.61 20.29 16.59 NA NA
17 Reliance Banking Fund(D) 1.09 9.78 24.29 15.72 27.38 18.25
18 Reliance Banking Fund(G) 0.49 9.78 24.29 15.72 27.38 18.31
19 Reliance Pharma Fund(D) 1.37 4.59 8.67 -6.31 25.31 21.92
20 Reliance Pharma Fund(G) 0.57 4.60 8.67 -6.32 25.31 21.94
21 UTI Bluechip Flexicap Fund(D) 0.07 2.99 12.08 6.74 15.35 13.96
Total 34.48
Debt Mutual Funds
1 Franklin India Ultra Short Bond (DD)-Direct 1.86 1.84 3.56 7.05 7.31 NA
2 HDFC CPO Fund-III-1207D-Dec14(G)-Direct 0.82 1.66 4.02 5.87 NA NA
3 HDFC FMP-XXIV-1919D-January 2013(1)(G) 1.30 2.67 4.76 9.02 10.39 NA
HDFC FMP-XXXI-1116D-July 2014(1)(G)-
4 0.91 2.29 4.46 8.68 NA NA
Direct Plan
HDFC FMP-XXXI-747D-June 2014(1)(G)-
5 0.91 2.09 4.23 8.57 NA NA
Direct Plan
HDFC FMP-XXXII-1113D-Nov 2014(1)(G)-
6 0.88 2.42 4.67 8.95 NA NA
Direct Plan
7 HDFC FMP-XXXII-1134D-Sep 2014(1)-(G) 0.91 2.20 4.56 8.89 NA NA
8 HDFC FMP-XXXIII-1157D-Feb 2015(1)- G) 2.14 2.58 4.75 8.97 NA NA
HDFC Medium Term Opportunities
9 1.88 2.61 4.69 8.08 7.77 NA
Fund(QD)-Direct Plan
10 ICICI Pru CPO Fund-VII-C-1284D(G) 0.84 2.12 4.43 6.36 NA NA
11 ICICI Pru FMP-74-780D-E(G) 0.91 2.07 3.95 8.03 NA NA
12 ICICI Pru FMP-75-1100D-N(G) 0.89 2.82 5.11 9.36 NA NA
13 ICICI Pru FMP-75-1246D-U(G)-Direct Plan 0.91 3.11 5.89 11.32 NA NA
14 Reliance Dual Adv FTF-VI-A-1094D-(G) 0.82 1.14 4.53 0.80 NA NA
15 Reliance FHF-XXVI-35-1095D(G) 0.91 2.48 4.79 8.83 NA NA
16 SBI DAF-VI-Reg(G) 0.84 1.98 5.06 6.59 NA NA
Total 17.70
Alternate
1 TATA CAP LTD PREF 21AP22 3.70 NA NA NA NA NA
Total 3.70
Cash
1 4% Saving Bank A/c 7.40 0.70 1.39 2.81 2.80 2.80
Total 7.40

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3 Months 6 Months 3 Years 5 Years


Sr. % 1 Year
Your Portfolio (absolute) (absolute) (CAGR) (CAGR)
No. Weight (%)
(%) (%) (%) (%)
Debt
7.50% IDFC LTD 12NV20
1 0.07 1.30 2.60 5.26 5.25 5.24
(Taxable@30.90%)
2 8.00% PPF 12.95 1.96 3.93 8.02 8.01 7.99
3 8.76% HUDCO LTD Tax-free 25OT28 1.85 2.14 4.30 8.79 8.77 8.75
9.00% IDFC LTD. 30DC21
4 0.07 1.55 3.11 6.32 6.31 6.29
(Taxable@30.90%)
5 9.50% SBI 04NV25 (Taxable@30.90%) 1.48 1.64 3.28 6.67 6.66 6.64
6 9.95% SBI 16MR26 (Taxable@30.90%) 2.96 1.71 3.43 6.98 6.97 6.96
Total 19.39
ETF
1 Goldman Sachs - CPSE ETF - Growth 1.78 13.76 26.80 18.62 NA NA
Total 1.78
Grand Total 100.00

Top Out performers in each time period for risky assets Top Under performers in each time period for risky assets

3 Months 6 Months 3 Years 5 Years


1 Year
Indices (absolute) (absolute) (CAGR) (CAGR)
(%)
(%) (%) (%) (%)
Benchmark Indices
CRISIL Balanced Fund - Aggressive Index 1.03 7.43 6.51 12.15 10.64
Crisil Composite Bond Fund Index 2.87 6.36 10.64 11.45 9.68
Crisil Liquid Fund Index 1.22 3.16 7.14 8.50 8.59
Crisil MIP Blended Index 2.45 6.63 9.75 11.69 10.00
Crisil Short Term Bond Fund Index 1.79 4.40 8.66 9.61 9.26
NIFTY 50 0.29 8.20 4.29 11.90 10.61
NIFTY 500 2.84 12.10 8.63 16.76 12.65
NIFTY BANK 3.30 14.59 9.37 21.33 15.32
Nifty Free Float Midcap 100 8.50 18.93 18.17 28.88 17.40
S&P BSE 100 1.32 10.25 6.40 13.27 11.32
S&P BSE 200 2.30 11.41 7.91 15.45 12.20
S&P BSE 500 2.99 12.31 8.78 16.46 12.32
S&P BSE Health Care -0.02 4.05 -10.93 19.21 21.68
S&P BSE Mid-Cap 8.05 21.02 21.12 30.97 16.75
S&P BSE Small-Cap 10.53 20.86 17.42 32.03 14.23
Category wise Mutual Fund Returns
Large Cap Funds 4.36 14.06 10.11 18.20 13.85
Mid Cap Funds 8.54 20.26 17.24 34.64 22.94
Diversified / Multi Cap Funds 5.83 15.81 13.54 23.94 16.83
Small Cap Funds 7.81 19.42 17.97 42.26 26.86

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Portfolio Alerts

Out of 47 stocks, 15 stocks have delivered positive returns across all the time periods

Out of 21 equity MF schemes, 18 schemes have delivered positive returns across all the
time periods

Out of 47 stocks, 3 stocks such as Adani Power Ltd., Adani Power Ltd., GVK Power &
Infrastructure Ltd. and Jaypee Infratech Ltd. have significantly underperformed within your
portfolio and delivered negative returns during most of the time periods (Loss Aversion
Bias^ Pg. No. 19)

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Portfolio Stock/Sector Exposure


This section shows your top ten stock holdings and the percentage they represent. This comprises
your stock held directly & indirectly through mutual fund

Ideally, Sectoral cap should be at ~25% of the portfolio & individual stock cap at ~10% of the
portfolio.

Portfolio Alerts

Your stocks and sectors exposure are well within the specified limits

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Portfolios Top Sectors - Update

1. Banking

During Q1FY17, the banking systems NPA woes moderated compared to Q4FY16 levels, largely
due to a steep rise in impaired assets seen then owing to asset quality review (AQR) done by the
RBI

GNPA increased 8.4% QoQ (up 96% YoY) to ` 623373 crore. Accordingly, GNPA ratio rose ~80
bps QoQ to 8.5%. Private banks also saw higher stress with 12.4% QoQ GNPA surge vs. 8%
QoQ seen in PSU banks. However, YoY, PSU banks continued to witness higher increase of
100% YoY to ` 565042 crore vs. 67% YoY increase in case of private banks. Provisions at `
41571 crore were lowest in the last three quarters. GNPA along with restructured assets were at
~12%

Revenue (NII + other income) was up 11% YoY in Q1FY17 vs. 7% YoY in Q4FY16, mainly
supported by higher treasury gains. As yields have corrected 30-40 bps further, such gains can
continue. NII growth remained muted at (3.3% YoY) to ` 71877 crore on interest reversals &
lower loan growth of ~9% YoY. Operating profit saw positive traction of 9.6% YoY. This
combined with reduced provisioning led the system to return to profit of ` 9480 crore mainly led
by private banks. PSU banks continued to report losses at ` 473 crore though it was significantly
lower than seen in the previous two quarters

2. Pharmaceuticals

The Q1 earnings season concluded on expected line with US focused generic players more or
less managing to overcome pricing pressure with exclusivities and higher volumes. I-direct
pharma universe registered YoY revenue growth of 9.4% to ` 35662 crore, driven by 15.2% YoY
growth to ` 11496 in the US and 7.6% YoY growth to ` 7863 crore in domestic formulations
(select pack). EBITDA for the universe grew 7.2% YoY to ` 8579 crore. Lower growth vis--vis
revenues can be attributed to higher R&D spend and remedial costs. Adjusted net profit grew
8.5% YoY to ` 5919 crore

On the revenue front, Natco (46% growth) and Lupin (41% growth) were standout performers.
Natcos revenues were largely driven by robust growth in Hepatitis C segment while Lupin
benefited from exclusivity sales in the US. Alembic, Divis, Sun, Biocon and Ajanta also reported
more than 20% growth. On the other hand, Dr Reddys, Torrent and Cipla reported negative
growth mainly due to high base and price erosion in the US

US growth was driven by limited competition opportunities/exclusivities at Lupin from


gGlumetza and gFortamet (anti-diabetic) and Sun from gGleevec (anti-cancer). Note that US
growth has not captured gNexium (GI) impact for Cipla and gAbilify for Alembic for non-
disclosure of specific traction. Aurobindo and Glenmark also registered strong YoY growth
whereas Torrent, Cadila and DRL were laggards on account of base effect, slowdown in product
approvals and regulatory issues

Domestic growth was largely impacted by ongoing NLEM/FDC related issues. Biocon, Ajanta,
Unichem and Indoco witnessed decent growth

Source: ICICIdirect Research, Institutional Desk & ICICIdirect.com

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Direct Equity Analysis

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Sectoral Break up - Nifty vs Direct Equity Portfolio


This section compares the percentage exposure you have to sectors via direct equity portfolio
Vis-a Vis sectors weightage in Nifty.

Your Equity Portfolio Nifty Sector Deviation


Sr.
Sectoral Break-Up Sector BreakUp (%) BreakUp (%) (%)
No.
(A) (B) (C=B-A)
1 Automobiles 0.00% 11.81% -11.81%
2 Banks 12.23% 24.52% -12.29%
3 Capital goods / Electrical Equipments 0.42% 1.04% -0.62%
4 Cement & construction material 0.00% 2.36% -2.36%
5 Cigarettes/Tobacco 0.00% 6.45% -6.45%
6 Construction - Real Estate 0.36% 0.00% 0.36%
7 Construction - Turnkey/Engineering 14.18% 3.71% 10.47%
8 Diversified 0.00% 0.98% -0.98%
9 Engineering 1.56% 0.00% 1.56%
10 FMCG - Personal care 0.00% 1.96% -1.96%
11 Insurance 3.76% 0.00% 3.76%
12 IT software 2.62% 13.84% -11.22%
13 Jewellery 1.60% 0.00% 1.60%
14 Logistics 3.27% 0.00% 3.27%
15 Media 0.00% 0.95% -0.95%
16 Metals/Mining 14.41% 2.69% 11.71%
17 NBFC 9.94% 6.96% 2.98%
18 Oil and Gas 4.59% 8.12% -3.53%
19 Others 4.06% 0.62% 3.44%
20 Paints 0.00% 1.65% -1.65%
21 Paper 0.27% 0.00% 0.27%
22 Pharmaceutical 0.00% 6.56% -6.56%
23 Power Generation/Distribution 13.11% 2.81% 10.30%
24 Shipping, Shipbuilding and Ports 2.00% 0.72% 1.28%
25 Telecommunication - Service Provider 0.00% 2.24% -2.24%
26 Textiles 11.09% 0.00% 11.09%
27 Trading 0.50% 0.00% 0.50%
Total 100.00% 100%

Note: Deviation (+7.50%/-7.50%) from Nifty has been highlighted

Portfolio Alerts

Your equity portfolio has over exposure to sectors like Construction - Turnkey/Engineering,
Metals/Mining, Power Generation/Distribution and Textiles when compared to Nifty

Your equity portfolio has under exposure to sectors like Automobiles, Banks and IT software
when compared to Nifty

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Analysts Consensus on Direct Equity Portfolio


Investor should take their own decision on stocks. To facilitate, we have given the market consensus
from Reuters/Bloomberg & our internal House View (Retail/Institutional) for stocks wherein available
% of Market View
Sr. House
Stocks Value Stock Consensus Consensus Consensus
No. View
Portfolio Buy Hold Sell
Banks
1 Axis Bank Ltd. 121,625 2.89% 20 8 4 Hold
2 Bank Of Baroda 38,788 0.92% 8 15 12 Hold
3 HDFC Bank Ltd. 62,020 1.48% 25 2 2 Buy
4 ICICI Bank Ltd. 139,275 3.31% 17 4 3 NA
5 Punjab National Bank 36,000 0.86% 3 31 22 Hold
6 RBL Bank Ltd. 45,845 1.09% NA NA NA NA
7 State Bank Of India 129,525 3.08% 17 6 4 Hold
Construction - Real Estate
8 Arvind Infrastructure Ltd. 7,544 0.18% NA NA NA NA
9 Jaypee Infratech Ltd. 9,526 0.23% NA NA NA NA
Construction - Turnkey/Engineering
10 IL&FS Transportation Networks Ltd. 88,866 2.11% NA NA NA NA
11 IRB Infrastructure Developers Ltd. 48,520 1.15% 11 1 0 Hold
12 Larsen & Toubro Ltd. 370,675 8.82% 14 6 4 Buy
13 NCC Ltd. 73,600 1.75% 9 0 0 Buy
14 Sunil Hitech Engineers Ltd. 82,920 1.97% NA NA NA NA
Engineering
15 Engineers India Ltd. 63,931 1.52% 6 2 1 Reduce*
Insurance
16 ICICI Prudential Life Insurance Co. Ltd. 176,385 4.20% NA NA NA NA
IT software
17 Infosys Ltd. 50,743 1.21% 21 4 3 Buy
18 KPIT Technologies Ltd. 72,075 1.71% 2 9 6 Hold
Jewellery
19 Titan Company Ltd. 74,960 1.78% 6 11 9 Hold
Logistics
20 Allcargo Logistics Ltd. 73,420 1.75% NA NA NA Buy*
21 Gateway Distriparks Ltd. 49,370 1.17% 8 1 1 NA
Metals/Mining
22 Coal India Ltd. 319,400 7.60% 14 3 3 Hold
23 Jindal Steel & Power Ltd. 76,850 1.83% 3 2 1 Hold*
24 National Aluminium Company Ltd. 50,500 1.20% 2 3 2 NA
25 NMDC Ltd. 120,550 2.87% 1 10 5 Hold
NBFC
26 HDFC Ltd. 66,798 1.59% 18 2 1 Buy
27 L&T Finance Holdings Ltd. 104,500 2.49% 3 1 1 NA
28 LIC Housing Finance Ltd. 58,600 1.39% 21 4 1 Hold
29 Power Finance Corporation Ltd. 49,880 1.19% 4 6 3 Buy*
30 Reliance Capital Ltd. 52,560 1.25% NA NA NA Hold
31 Rural Electrification Corporation Ltd. 80,640 1.92% 5 5 2 Buy*
32 Welspun Investments & Commercials 1,500 0.04% NA NA NA NA
Others
33 Jain Irrigation Systems Ltd. 41,620 0.99% NA NA NA NA
34 VA Tech Wabag Ltd. 100,750 2.40% 10 0 0 Buy
Paper
35 Ballarpur Industries Ltd. 12,480 0.30% NA NA NA NA

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% of Market View
Sr. House
Stocks Value Stock Consensus Consensus Consensus
No. View
Portfolio Buy Hold Sell
Power Generation/Distribution
36 Adani Power Ltd. 39,000 0.93% 2 9 4 Sell*
37 GVK Power & Infrastructure Ltd. 67,700 1.61% NA NA NA NA
38 JSW Energy Ltd. 60,255 1.43% 9 4 3 Add*
39 Power Grid Corporation Of India Ltd. 362,105 8.61% 15 0 0 Buy
40 PTC India Ltd. 29,660 0.71% 5 1 1 Hold
41 Reliance Infrastructure Ltd. 55,610 1.32% NA NA NA NA
Shipping, Shipbuilding and Ports
42 Adani Ports and SEZ Ltd. 45,750 1.09% 13 0 0 NA
43 Reliance Defence and Engineering Ltd. 48,000 1.14% NA NA NA Hold
Textiles
44 Arvind Ltd. 323,600 7.70% 6 2 2 Buy
45 Himatsingka Seide Ltd. 136,975 3.26% NA NA NA NA
46 Trident Ltd. 59,250 1.41% NA NA NA NA
Trading
47 MMTC Ltd. 23,275 0.55% NA NA NA NA
Total 4,203,419 100.00%

Note: 1. Any Stock covered by less than 5 Research Houses is not taken into consideration.
2. Consensus Views: As on June 2016 ending quarter
3. * Institutional Research Desk

Analysts Consensus - Snapshot


Value to stock % of stock
Consensus View No. of stocks
portfolio (in `) Portfolio
Buy 21 2,657,551 63.22%
Hold 9 562,393 13.38%
Sell NA NA NA
NA 17 983,476 23.40%
Grand Total 47 4,203,419 100.00%

House-view - Snapshot
Value to stock % of stock
House-view No. of stocks
portfolio (in `) Portfolio
Buy 8 1,410,290 33.55%
Buy* 3 203,940 4.85%
Add* 1 60,255 1.43%
Hold 13 1,150,263 27.36%
Hold* 1 76,850 1.83%
Reduce* 1 63,931 1.52%
Sell NA NA NA
Sell* 1 39,000 0.93%
NA 19 1,198,891 28.52%
Grand Total 47 4,203,419 100.00%

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Portfolio Alerts

Your direct equity portfolio is over diversified to 47 stocks; ideally it should be restricted to
~ 30 stocks (Nave Investment Bias^ Pg. No. 19)

Out of 47 direct equity stocks, 10 are tail stocks (< 1.00% of the stock portfolio) Individual
tail stocks do not have any impact on the performance of the portfolio (~ 6% of the direct
equity portfolio amounting to ~ ` 2.39 Lakhs)

Out of 47 direct equity stocks, 19 are not rated by our Research Team, you have to review
the performance of these stocks on your own or refer Consensus View, if available above (~
29% of the stock portfolio amounting to ~ ` 11.98 Lakhs)

Based on House View, you may want to review your exposures to stock like Adani Power
Ltd. and Engineers India Ltd. (~ 2% of the stock portfolio amounting to ~ ` 1.02 Lakhs)

Applications of Behavioral Finance

Behavioral Finance study the effects of psychological, social, cognitive, and emotional factors on
the economic decisions of individuals and institutions and the consequences for returns and the asset
allocation.

Analysis of the portfolio reveals following biases that may be affecting your investment decision
processes:

1. Loss Aversion Bias^ (Pg. No. 12 & 21)

Investors who generally avoid taking risks, when exhibits this bias, are much more willing to take
risks when they think they might be able to avert a loss. For e.g. an investor might hold on to a
losing stock in the hope to recover the loss.

2. Naive Investment Bias^ (Pg. No. 19 & 29)

Investors who exhibit this bias believe that by simply investing in many stocks / equity MF schemes
will reduce risk sufficiently to make profit; instead it results in increased monitoring costs without
commensurate increase in diversification benefits.

Awareness of these biases and their effects can possibly help you to avoid pitfalls while managing your
portfolio that can impact future performance

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Risk Return Measures of your Stocks


This section shows exactly the contribution of the individual security risk/return to its overall portfolio
Measures of Returns Measures of Risk
Sr. % Average Relative Return Standard Relative Risk
Stock Portfolio
No. Weight Returns Contribution Deviation Contribution
(%) (%) (%) (%)
1 Adani Ports and SEZ Ltd. 1.15% 5.23% 0.83% 44.73% 1.09%
2 Adani Power Ltd. 0.98% -18.92% -2.55% 41.27% 1.09%
3 Allcargo Logistics Ltd. 1.85% 7.83% 1.99% 40.86% 1.11%
4 Arvind Ltd. 8.14% 18.16% 20.31% 52.15% 11.29%
5 Axis Bank Ltd. 3.06% 17.79% 7.48% 43.15% 3.86%
6 Ballarpur Industries Ltd. 0.31% -4.06% -0.17% 42.02% 0.25%
7 Bank Of Baroda 0.98% 10.28% 1.38% 41.36% 1.09%
8 Coal India Ltd. 8.04% -1.17% -1.29% 28.82% 4.62%
9 Engineers India Ltd. 1.61% 11.40% 2.52% 42.92% 1.50%
10 Gateway Distriparks Ltd. 1.24% 5.48% 0.93% 40.59% 0.73%
11 GVK Power & Infrastructure Ltd. 1.70% -11.70% -2.74% 54.28% 2.28%
12 HDFC Bank Ltd. 1.56% 18.46% 3.96% 30.80% 1.20%
13 Himatsingka Seide Ltd. 3.45% 7.45% 3.53% 44.53% 2.79%
14 HDFC Ltd. 1.68% 15.36% 3.55% 36.33% 1.40%
15 ICICI Bank Ltd. 3.50% 6.15% 2.96% 43.35% 4.62%
16 IL&FS Transportation Networks Ltd. 2.24% -12.40% -3.81% 38.74% 1.85%
17 Infosys Ltd. 1.28% 6.67% 1.17% 31.39% 0.35%
18 IRB Infrastructure Developers Ltd. 1.22% 2.91% 0.49% 49.20% 1.51%
19 Jain Irrigation Systems Ltd. 1.05% 6.44% 0.93% 46.56% 1.22%
20 Jaypee Infratech Ltd. 0.24% -36.30% -1.20% 51.15% 0.27%
21 Jindal Steel & Power Ltd. 1.93% 2.38% 0.63% 52.98% 2.45%
22 JSW Energy Ltd. 1.52% -6.04% -1.26% 42.98% 1.77%
23 KPIT Technologies Ltd. 1.81% 10.65% 2.65% 50.86% 1.20%
24 L&T Finance Holdings Ltd. 2.63% 14.35% 5.18% 32.78% 2.10%
25 Larsen & Toubro Ltd. 9.33% 12.66% 16.22% 37.02% 10.74%
26 LIC Housing Finance Ltd. 1.47% 28.33% 5.74% 44.91% 1.91%
27 MMTC Ltd. 0.59% -9.08% -0.73% 50.82% 0.58%
28 National Aluminium Company Ltd. 1.27% -1.18% -0.21% 43.02% 1.06%
29 NCC Ltd. 1.85% -2.03% -0.52% 60.11% 2.95%
30 NMDC Ltd. 3.03% 3.33% 1.39% 44.14% 3.10%
31 Power Finance Corporation Ltd. 1.26% 8.40% 1.45% 45.72% 1.60%
32 Power Grid Corp. Of India Ltd. 9.11% 6.23% 7.80% 31.19% 6.25%
33 PTC India Ltd. 0.75% 2.85% 0.29% 44.57% 0.95%
34 Punjab National Bank 0.91% 3.24% 0.40% 39.34% 1.01%
35 Reliance Capital Ltd. 1.32% -0.79% -0.14% 53.28% 2.27%
36 Reliance Defence & Engineering Ltd. 1.21% 0.78% 0.13% 42.90% 0.64%
37 Reliance Infrastructure Ltd. 1.40% 1.46% 0.28% 53.29% 2.35%
38 Rural Electrification Corp. Ltd. 2.03% 9.34% 2.60% 42.29% 2.46%
39 State Bank Of India 3.26% 9.30% 4.16% 38.01% 3.77%
40 Sunil Hitech Engineers Ltd. 2.09% 13.25% 3.80% 56.87% 2.58%
41 Titan Company Ltd. 1.89% 22.71% 5.88% 39.93% 1.35%
42 Trident Ltd. 1.49% 8.62% 1.76% 51.34% 1.40%
43 VA Tech Wabag Ltd. 2.54% 6.48% 2.26% 34.15% 1.34%
44 Welspun Investments & Commercials 0.04% -4.55% -0.02% 66.76% 0.02%
45 Goldman Sachs Nifty ETF 0.00% 8.52% 0.00% 23.45% 0.00%
Total 100.00% NA 100.00% NA 100.00%
Portfolio Return (%) 7.28% Top 3 Contributors towards Portfolio Return
Portfolio Risk (%) 24.16% Top 3 Contributors towards Portfolio Risk

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Note: For the above analysis we have excluded Arvind Infrastructure Ltd., ICICI Prudential Life Insurance
Company Ltd. and RBL Bank Ltd. as they do not have full 3 year performance history and considered the rest of
the portfolio as 100%.

Portfolio Alerts:

Out of 44 stocks, 21 stocks have either given negative return or returns less than the Risk -
free Rate; assumed at 6% p.a. The same have been highlighted in red colour (Loss
Aversion Bias^ Pg. No. 19)

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Direct Equity Portfolio - Diversification Risk


This section gives an analysis of the Diversification of your portfolio and tests if the portfolio is on
the efficient frontier. Diversification reduces the company specific risks in your portfolio.

Based on Mean Variance Optimization (MVO) adjusted for House-View


Mean Standard Deviation Sharpe
Portfolios (Return) (Risk) Ratio
Existing Portfolio 7.28% 24.16% 0.05
Proposed Portfolio 13.27% 23.10% 0.31
Optimization Result Increased Decreased Increased

Note: The above graph is based on the simulation of clients stock portfolio, house view on the same and Nifty Index
wherein all possible combination of weights of the securities in the clients stock portfolio are used to construct all
possible portfolios, each different portfolio with its own average return & standard deviation (risk) based on the
historical return.

The analysis identifies the best possible portfolio (based on Sharpe) on the efficient curve, with the existing stocks and
Nifty. If the Efficient portfolio shows allocation towards Nifty, it signifies that the securities in the current portfolio are
not good enough to outperform Market (Nifty). We consider clients direct equity stocks which have completed full
three year history. BSE closing stock prices are taken for calculating return.

Portfolio Alerts
Your stock portfolio does not lie on the efficient frontier. There is a potential to move to
efficient (minimum variance) portfolio

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Mean - Variance Analysis


This section shows us the current portfolio vis a-vis newly created portfolios with their risk/return, it also
shows us how by simply changing the allocation within the current portfolio and by adding Nifty,
increases the risk adjusted return of the portfolio.

Current Recommended Portfolio Portfolio


Sr. House
Stock Portfolio Portfolio (A) Portfolio (B) Action Action
No. View
(%) (%) (C=B-A) (No. of Shares)
1 Adani Ports and SEZ Ltd. NA 1.15% - -1.15% -150
2 Adani Power Ltd. Sell* 0.98% - -0.98% -1500
3 Allcargo Logistics Ltd. Buy* 1.85% 5.00% 3.15% 682
4 Arvind Ltd. Buy 8.14% 7.50% -0.64% -63
5 Axis Bank Ltd. Hold 3.06% 7.50% 4.44% 363
6 Ballarpur Industries Ltd. NA 0.31% - -0.31% -750
7 Bank Of Baroda Hold 0.98% 2.89% 1.92% 491
8 Coal India Ltd. Hold 8.04% - -8.04% -1000
9 Engineers India Ltd. Reduce* 1.61% 1.61% - -
10 Gateway Distriparks Ltd. NA 1.24% - -1.24% -200
11 GVK Power & Infrastructure Ltd. NA 1.70% - -1.70% -10000
12 HDFC Bank Ltd. Buy 1.56% 7.50% 5.94% 190
13 Himatsingka Seide Ltd. NA 3.45% - -3.45% -500
14 HDFC Ltd. Buy 1.68% 2.15% 0.47% 14
15 ICICI Bank Ltd. NA 3.50% - -3.50% -500
16 IL&FS Transportation Networks Ltd. NA 2.24% - -2.24% -784
17 Infosys Ltd. Buy 1.28% 7.50% 6.22% 244
18 IRB Infrastructure Developers Ltd. Hold 1.22% - -1.22% -200
19 Jain Irrigation Systems Ltd. NA 1.05% - -1.05% -400
20 Jaypee Infratech Ltd. NA 0.24% - -0.24% -1062
21 Jindal Steel & Power Ltd. Hold* 1.93% - -1.93% -1000
22 JSW Energy Ltd. Add* 1.52% 1.52% - -
23 KPIT Technologies Ltd. Hold 1.81% 5.00% 3.19% 878
24 L&T Finance Holdings Ltd. NA 2.63% 1.54% -1.09% -415
25 Larsen & Toubro Ltd. Buy 9.33% 7.50% -1.83% -49
26 LIC Housing Finance Ltd. Hold 1.47% 7.50% 6.03% 409
27 MMTC Ltd. NA 0.59% - -0.59% -500
28 National Aluminium Company Ltd. NA 1.27% - -1.27% -1000
29 NCC Ltd. Buy 1.85% 1.85% - -
30 NMDC Ltd. Hold 3.03% - -3.03% -1000
31 Power Finance Corporation Ltd. Buy* 1.26% 1.26% - -
32 Power Grid Corporation Of India Ltd. Buy 9.11% 7.50% -1.61% -364
33 PTC India Ltd. Hold 0.75% - -0.75% -400
34 Punjab National Bank Hold 0.91% - -0.91% -250
35 Reliance Capital Ltd. Hold 1.32% - -1.32% -100
36 Reliance Defence & Engineering Ltd. Hold 1.21% - -1.21% -800
37 Reliance Infrastructure Ltd. NA 1.40% - -1.40% -100
38 Rural Electrification Corporation Ltd. Buy* 2.03% 2.03% - -
39 State Bank Of India Hold 3.26% - -3.26% -500
40 Sunil Hitech Engineers Ltd. NA 2.09% 2.00% -0.09% -8
41 Titan Company Ltd. Hold 1.89% 7.50% 5.61% 595

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Current Recommended Portfolio Portfolio


Sr. House
Stock Portfolio Portfolio (A) Portfolio (B) Action Action
No. View
(%) (%) (C=B-A) (No. of Shares)
42 Trident Ltd. NA 1.49% 0.39% -1.10% -737
43 VA Tech Wabag Ltd. Buy 2.54% 2.95% 0.42% 33
44 Welspun Investments & Commercials NA 0.04% - -0.04% -20
45 Goldman Sachs Nifty ETF NA 0.00% 9.81% 9.81% 9.81%
Grand Total 100.00% 100.00%
Portfolio Value 3,973,646 3,973,646
Portfolio Return (%) 7.28% 13.27%
Portfolio Risk (Standard Deviation) (%) 24.16% 23.10%
Sharpe Ratio 0.05 0.31
Portfolio Maximum Drawdown (%) 73.11% 68.24%

Note: For the above analysis we have excluded Arvind Infrastructure Ltd., ICICI Prudential Life Insurance
Company Ltd. and RBL Bank Ltd. as they do not have full 3 year performance history and considered the rest of
the portfolio as 100%.

Portfolio Alerts:

As per Efficient Frontier analysis, Out of 44 stocks you need to exit / partially reduce
exposure from 29 stocks which have underperformed on risk & return parameter. The same
have been highlighted in red colour (~ 47% of stock portfolio amounting to ~ ` 18.67 Lakhs)

The Current Portfolios maximum drawdown is ~ 73% whereas the proposed portfolios
Maximum drawdown is ~ 68% indicating that the existing stock portfolio is riskier than the
proposed portfolio

The Proposed portfolio shows allocation to Nifty (~ 10%), indicating that the existing stocks
in your portfolio is not good enough to make the best portfolio, hence we would suggest to
allocate the same proportion to Diversified Equity Mutual Fund Schemes

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Mutual Fund Analysis

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Equity Mutual Fund Portfolio - Risk-Return


This section compares the risk adjusted return (Sharpe) of your current equity mutual fund portfolio vs.
Nifty vs. our suggested equity mutual fund portfolio.

Equity Mutual Fund Portfolio


Average Standard Deviation
Sr. Crisil Sharpe
Portfolio Return (Risk)
No. Ratings Ratio
(%) (%)
Your Portfolio
Your Equity Mutual Fund
1 NA 19.63 13.83 0.99
Portfolio 16 Schemes
Market
2 Nifty-Total Return Index NA 12.73 15.87 0.42
Ideal Portfolio
Birla SL Frontline Equity
3 A 14.20 14.35 0.57
Fund(G)
Franklin India Prima Plus
4 B 17.97 13.29 0.90
Fund(G)
ICICI Pru Value Discovery
5 A 24.19 13.92 1.31
Fund(G)
6 HDFC Balanced Fund(G) B 17.22 10.75 1.04
Average 18.39 13.08 0.95

Note: For the above analysis, we have excluded Axis Midcap Fund(D), Axis Midcap Fund(G), DSPBR Micro-Cap
Fund(G)-Direct Plan, Franklin India High Growth Cos Fund(G)-Direct Plan and MOSt Focused Midcap 30 Fund-
Reg(G) as they do not have full 5 year performance history and considered the rest of the portfolio as 100%.

Portfolio Alerts

Your Mutual Fund Portfolios Sharpe of 0.99 is higher when compared with Ideal Mutual
Fund Portfolios Sharpe of 0.95

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Crisil Ratings for Mutual Fund Portfolio


Crisil Rating Philosophy
We are using Crisil Investment manager for in-depth mutual fund research; the parameters for
the same are quantitatively measured like Risk adjusted returns, Portfolio Risk, Fund manager
performance & Fund house performance; the weightings of which are determined by ICICI
securities.
The below table gives a snapshot of your mutual fund holdings and performance outlook as per
our cluster ratings.
A rated funds form the top 10% of the peer group and are very good performing funds
B rated funds form the next 20% and are good performing funds
C rated funds form the next 20%; and are average performing funds
D rated funds form the last 20%; and are below average performing funds
E rated funds form the last 30%; and are poor performing funds
* Funds not rated by us

Equity Mutual Fund Portfolio


Sr. Riskometer Crisil House
Equity Schemes Value %
No. (SEBI Mandate) Ratings View
Diversified
1 Axis Equity Fund(G) Moderately High 571,400 6.13% D Hold
2 Axis Midcap Fund(D) Moderately High 231,252 2.48% E Sell
3 Axis Midcap Fund(G) Moderately High 389,541 4.18% E Sell
4 Birla SL Frontline Equity Fund(D) Moderately High 646,702 6.94% A Buy
5 BNP Paribas Mid Cap Fund(D) High 210,144 2.25% C Hold
6 BNP Paribas Mid Cap Fund(G) High 373,375 4.01% C Hold
7 DSPBR Micro-Cap Fund(G)-Direct Plan Moderately High 385,500 4.14% A Hold
8 Franklin India High Growth Cos (G)-Direct Moderately High 683,167 7.33% B Buy
9 Franklin India Prima Fund(D) Moderately High 191,341 2.05% D Sell
10 HDFC Equity Fund(G) Moderately High 608,885 6.53% E Hold
11 HDFC Mid-Cap Opportunities Fund(D) Moderately High 889,513 9.54% E Buy
12 ICICI Pru Focused BlueChip Equity Fund(D) Moderately High 767,234 8.23% C Buy
13 ICICI Pru Focused BlueChip Equity Fund(G) Moderately High 385,731 4.14% C Buy
14 ICICI Pru Value Discovery Fund(D) Moderately High 813,321 8.73% A Buy
15 IDFC Premier Equity Fund-Reg(D) Moderately High 790,603 8.48% E Sell
16 MOSt Focused Midcap 30 Fund-Reg(G) Moderately High 411,725 4.42% * NA
17 UTI Bluechip Flexicap Fund(D) Moderately High 18,761 0.20% E Sell
Total 8,368,194 89.79%
Sector Funds
18 Reliance Banking Fund(D) High 294,879 3.16% B Hold
19 Reliance Banking Fund(G) High 131,862 1.41% B Hold
20 Reliance Pharma Fund(D) High 371,062 3.98% B NA
21 Reliance Pharma Fund(G) High 154,021 1.65% B NA
Total 951,825 10.21%
Grand Total 9,320,019 100.00%

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Debt Mutual Fund Portfolio


Sr. Riskometer Crisil House
Debt Schemes Value %
No. (SEBI Mandate) Ratings View
Hybrid Funds
1 Reliance Dual Adv FTF-VI-A-1094D-(G) Moderate 222,026 4.64% * NA
2 SBI DAF-VI-Reg(G) Moderate 226,736 4.74% * NA
Total 448,762 9.38%
Capital Protection Funds
3 HDFC CPO Fund-III-1207D-Dec14(G)-Direct Low 222,714 4.65% * NA
4 ICICI Pru CPO Fund-VII-C-1284D(G) Low 226,682 4.74% * NA
Total 449,396 9.39%
Fixed Maturity Plans
5 HDFC FMP-XXIV-1919D-January 2013(1)(G) Low 350,318 7.32% * NA
HDFC FMP-XXXI-1116D-July 2014(1)(G)-
6 Low 245,606 5.13% * NA
Direct Plan
HDFC FMP-XXXI-747D-June 2014(1)(G)-
7 Low 245,072 5.12% * NA
Direct Plan
HDFC FMP-XXXII-1113D-Nov 2014(1)(G)-
8 Low 236,664 4.95% * NA
Direct Plan
9 HDFC FMP-XXXII-1134D-Sep 2014(1)-(G) Low 244,666 5.11% * NA
10 HDFC FMP-XXXIII-1157D-Feb 2015(1)-(G) Low 577,315 12.06% * NA
11 ICICI Pru FMP-74-780D-E(G) Moderate 246,990 5.16% * NA
12 ICICI Pru FMP-75-1100D-N(G) Low 239,486 5.00% * NA
13 ICICI Pru FMP-75-1246D-U(G)-Direct Plan Low 245,204 5.12% * NA
14 Reliance FHF-XXVI-35-1095D(G) Low 245,652 5.13% * NA
Total 2,876,973 60.12%
Income
HDFC Medium Term Opportunities
15 Moderately Low 507,242 10.60% B NA
Fund(QD)-Direct Plan
Total 507,242 10.60%
Ultra Short Term Plan
16 Franklin India Ultra Short Bond (DD)-Direct Moderate 502,792 10.51% D NA
Total 502,792 10.51%
Grand Total 4,785,165 100.00%

Level of Risk

i. Low - Principal at low risk


ii. Moderately Low - Principal at moderately low risk
iii. Moderate - Principal at moderate risk
iv. Moderately High - Principal at moderately high risk
v. High - Principal at high risk

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Crisil Ratings Snapshot:

Value to MF Portfolio
Crisil Rating No. of Funds % of MF Portfolio
(in `)
* 15 4,186,855 29.68%
A 3 1,845,523 13.08%
B 6 2,142,234 15.19%
C 4 1,736,484 12.31%
D 3 1,265,533 8.97%
E 6 2,928,555 20.76%
Total 37 14,105,183 100.00%

House View Snapshot:

Value to MF Portfolio
House-view No. of Funds % of MF Portfolio
(in `)
Buy 6 4,185,667 29.67%
Hold 7 2,576,046 18.26%
NA 19 5,721,972 40.57%
Sell 5 1,621,498 11.50%
Total 37 14,105,183 100.00%

Portfolio Alert

Your Equity MF Portfolio is over diversified to 21 schemes; ideally it should be restricted to


~ 5 schemes (Nave Investment Bias^ Pg. No. 19)

Based on House View, you may want to review your exposures to Axis Midcap Fund (D) &
(G), Franklin India Prima Fund (D), IDFC Premier Equity Fund-Reg (D) and UTI Bluechip
Flexicap Fund(D) (~ 12% of the MF portfolio amounting to ~ ` 16.21 Lakhs)

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1. Sub Category wise Break up of Existing Equity Mutual Fund Portfolio

Source: Accord Fintech

Portfolio Alert

~ 37% of your Equity MF Portfolio is invested into Mid-cap Schemes

2. Fund Manager wise Break up in Existing Equity Mutual Fund Portfolio

Source: Accord Fintech

Portfolio Alert

~ 12% of your Equity MF Portfolio is managed by a single fund manager Mr. Manish
Gunwani of ICICI Pru Mutual Fund

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3. Sub Category wise Break up of Existing Debt Mutual Fund Portfolio

Source: Accord Fintech

Portfolio Alert

~ 60% of your Debt MF Portfolio is invested into Fixed Maturity Plans

4. Fund Manager wise Break up in Existing Debt Mutual Fund Portfolio

Source: Accord Fintech

Portfolio Alert

~ 30% of your Debt MF Portfolio is managed by a single fund manager Mr. Shobhit
Mehrotra of HDFC Mutual Fund; ideally it should be restricted to ~ 25% of the MF portfolio

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Crisil A Rated Equity Funds P2P Return


Point to Point Return As on October 27, 2016
Latest 3 6 Since
Sr. Fund 1 Year 3 Years 5 Years
Fund Names AUM Months Months Inception
No. Benchmark (abs) (CAGR) (CAGR)
(Crs.) (abs) (abs) (%)
Balanced Funds
Crisil Short Term
L&T India Prudence
1 Bond Fund, 2659.84 4.71 11.99 10.24 22.94 18.21 14.77
Fund-Reg(G)
S&P BSE 200
SBI Magnum Crisil Balanced
2 6532.48 5.64 11.42 11.42 23.14 18.90 16.83
Balanced Fund-Reg(G) Fund Index
Diversified
Birla SL Advantage
1 S&P BSE 200 1664.53 8.78 21.69 20.71 30.35 20.70 19.30
Fund(G)
Birla SL Frontline
2 S&P BSE 200 13901.02 5.23 15.80 12.64 20.96 18.12 22.86
Equity Fund(G)
BNP Paribas Equity
3 NIFTY 50 1408.33 0.75 8.19 4.68 18.87 16.60 17.58
Fund(G)
Canara Rob Emerg Eq Nifty Free Float
4 1297.79 11.32 23.23 17.78 43.63 28.10 18.64
Fund-Reg(G) Midcap 100
DSPBR Micro-Cap S&P BSE Small-
5 3806.17 12.07 26.27 28.43 51.51 30.03 19.85
Fund-Reg(G) Cap
Franklin India
6 S&P BSE 200 627.52 4.75 14.29 10.33 24.77 17.00 11.64
Opportunities Fund(G)
7 GS India Equity (G) NIFTY 500 41.35 3.98 15.13 8.68 25.65 NA 20.81
ICICI Pru Value
8 S&P BSE 500 14460.59 3.21 11.55 9.92 31.12 23.85 23.13
Discovery Fund(G)
9 Kotak Select Focus (G) NIFTY 200 6364.97 6.96 18.38 14.24 25.38 20.30 14.93
L&T India Value Fund-
10 S&P BSE 200 1847.22 10.18 21.12 16.94 34.51 24.69 17.51
Reg(G)
Mirae Asset Emerging Nifty Free Float
11 2641.60 14.04 26.08 24.53 43.34 29.78 24.37
BlueChip-Reg(G) Midcap 100
Principal Emerging Nifty Free Float
12 631.86 11.91 24.18 21.60 37.71 27.58 30.79
Bluechip Fund(G) Midcap 100
Reliance Small Cap S&P BSE Small-
13 2489.70 14.93 24.89 19.91 48.18 28.84 20.95
Fund(G) Cap
14 SBI BlueChip Fund-(G) S&P BSE 100 8846.18 4.95 13.69 13.87 23.53 20.38 11.60
SBI Magnum Multicap
15 S&P BSE 200 1136.59 6.49 15.80 16.32 28.02 20.55 12.95
Fund-Reg(G)
UTI
UTI Transportation &
16 Transportation 861.68 8.87 16.62 13.37 44.20 30.56 20.32
Logistics Fund(G)
and Logistics
Equity Linked Savings Scheme
Axis LT Equity
1 S&P BSE 200 10465.41 3.68 12.13 7.29 28.51 22.41 19.39
Fund(G)
Birla SL Tax Relief
2 S&P BSE 200 2458.64 8.35 15.57 13.51 27.72 20.42 11.26
'96(G)
Reliance Tax Saver
3 S&P BSE 100 5792.00 9.20 17.03 15.06 32.72 21.56 15.97
(ELSS) Fund(G)
SBI Tax Advantage
4 S&P BSE 500 403.06 8.13 21.27 18.51 32.63 21.15 12.12
Fund-I(G)
SBI Tax advantage
5 S&P BSE 500 29.87 15.31 29.21 25.03 36.46 NA 26.12
Fund-II(G)
Source: Accord Fintech

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Sr. 3 Months 6 Months 1 Year 3 Years 5 Years


Name NAV/Price
No. (abs) (abs) (abs) (CAGR) (CAGR)

Benchmarks
CRISIL Balanced Fund -
1 5575.77 1.03 7.43 6.51 12.15 10.64
Aggressive Index
Crisil Short Term Bond
2 2774.80 1.79 4.40 8.66 9.61 9.26
Fund Index
3 NIFTY 200 4641.50 2.18 11.06 7.42 15.16 12.12
4 NIFTY 50 8615.25 0.29 8.20 4.29 11.90 10.61
5 NIFTY 500 7476.75 2.84 12.10 8.63 16.76 12.65
Nifty Free Float Midcap
6 15791.15 8.50 18.93 18.17 28.88 17.40
100
7 NIFTY MNC 10401.55 4.08 13.56 7.84 20.67 16.84
8 NIFTY SERV SECTOR 10942.65 -0.10 6.33 2.32 13.79 11.99
9 S&P BSE 100 8911.76 1.32 10.25 6.40 13.27 11.32
10 S&P BSE 200 3748.05 2.30 11.41 7.91 15.45 12.20
11 S&P BSE 500 11833.43 2.99 12.31 8.78 16.46 12.32
12 S&P BSE BANKEX 22347.13 3.60 15.24 9.82 21.50 15.29
13 S&P BSE Small-Cap 13428.98 10.53 20.86 17.42 32.03 14.23

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Crisil A Rated Debt Funds P2P Return


Point to Point Return As on October 27, 2016
Latest 3 6 3 5 Since
Sr. 1 Year
Fund Name Fund Benchmark AUM Months Months Years Years Inception
No. (abs)
(Crs.) (abs) (abs) (CAGR) (CAGR) (%)
Gilt
L&T Gilt Fund- I-Sec Composite
1 163.58 4.71 8.45 12.62 12.47 12.41 8.89
Reg(G) Gilt Index
SBI Magnum
2 I-Sec Li-BEX 2060.79 4.96 9.21 11.60 12.83 11.92 8.29
Gilt-LTP-Reg(G)
Income
Axis Short Term Crisil Short Term
1 4983.67 2.66 4.85 9.04 9.27 9.07 8.41
Fund(G) Bond Fund Index
Canara Rob
Crisil Short Term
2 Short Term 132.63 2.08 4.15 7.75 8.46 8.66 8.00
Bond Fund Index
Fund-Reg(G)
DSPBR Strategic Crisil Composite
3 2934.98 4.18 7.96 11.35 10.98 10.20 7.20
Bond Fund(G) Bond Fund Index
HDFC High
Crisil Composite
4 Interest Fund- 1908.14 4.76 8.72 12.54 11.69 10.67 9.24
Bond Fund Index
Dynamic Plan(G)
ICICI Pru
Crisil Composite
5 Dynamic Bond 1256.57 4.03 7.50 11.87 11.24 9.96 8.59
Bond Fund Index
Fund(G)
IDFC SSIF-ST- Crisil Short Term
6 4909.47 2.31 4.52 8.49 9.05 8.93 7.70
Reg(G) Bond Fund Index
Invesco India
Crisil Liquid Fund
7 Credit 1693.83 1.77 3.78 8.04 8.85 9.29 8.60
Index
Opportunities (G)
JPMorgan India
Crisil Short Term
8 Banking and PSU 486.72 2.05 3.88 7.82 9.21 NA 9.26
Bond Fund Index
Debt Fund(G)
L&T Flexi Bond Crisil Composite
9 115.03 4.24 8.13 11.92 11.12 10.56 5.62
Fund-Reg(G) Bond Fund Index
L&T Short Term
Crisil Short Term
10 Opportunities 2236.25 2.52 4.71 8.41 9.13 NA 9.12
Bond Fund Index
Fund-Reg(G)
Peerless Short Crisil Short Term
11 63.80 2.20 4.08 7.73 8.44 9.00 9.48
Term Fund-(G) Bond Fund Index
Reliance Banking Crisil Short Term
12 5404.07 3.03 5.49 9.83 NA NA 10.02
& PSU Debt (G) Bond Fund Index
Sundaram Crisil Composite
13 230.21 1.84 3.50 7.20 9.27 8.81 6.07
Income Plus(G) Bond Fund Index
Liquid
Axis Liquid Crisil Liquid Fund
1 9104.71 1.75 3.70 7.82 8.53 8.88 8.24
Fund(G) Index
HDFC Liquid Crisil Liquid Fund
2 28709.27 1.74 3.67 7.82 8.53 8.86 7.34
Fund(G) Index
ICICI Pru Liquid Crisil Liquid Fund
3 29034.32 1.75 3.70 7.86 8.54 8.90 8.05
Plan(G) Index
Peerless Liquid Crisil Liquid Fund
4 378.67 1.81 3.77 7.91 8.62 9.03 8.57
Fund-Reg(G) Index
Union KBC Crisil Liquid Fund
5 1484.48 1.71 3.62 7.63 8.41 8.84 8.84
Liquid Fund(G) Index
Source: Accord Fintech
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Point to Point Return As on October 27, 2016


Latest 3 6 1 3 5 Since
Sr. Fund
Fund Name AUM Months Months Year Years Years Inception
No Benchmark
(Crs.) (abs) (abs) (abs) (CAGR) (CAGR) (%)
Monthly Income Plans
Crisil MIP
Birla SL MIP II-
1 Blended 1298.94 6.40 14.34 16.35 17.36 13.95 10.60
Wealth 25(G)
Index
SBI Magnum Crisil MIP
2 MIP-Floater Blended 152.78 2.99 6.76 10.88 12.80 11.41 8.14
Plan(G) Index
Crisil MIP
UTI MIS Adv
3 Blended 833.78 3.41 8.07 9.91 13.61 11.51 10.28
Plan(G)
Index
Ultra Short Term Plan
ICICI Pru Crisil Short
1 Banking & PSU Term Bond 5678.10 3.56 6.67 11.27 10.46 9.84 9.19
Debt Fund(G) Fund Index
Kotak Banking Crisil
2 and PSU Debt Liquid 697.96 3.14 5.71 9.76 9.45 9.32 7.42
Fund(G) Fund Index
Crisil
L&T Ultra Short
3 Liquid 3205.06 2.11 4.22 8.56 8.85 9.14 2.96
Term Fund(G)
Fund Index
Reliance Money Crisil
4 Manager Liquid 15382.35 2.11 4.29 8.56 8.80 9.10 8.44
Fund(G) Fund Index

Sr. 3 Months 6 Months 1 Year 3 Years 5 Years


Name NAV/Price
No (abs) (abs) (abs) (CAGR) (CAGR)

Benchmarks
Crisil Composite Bond Fund
1 2723.86 2.87 6.36 10.64 11.45 9.68
Index
2 Crisil Liquid Fund Index 2599.62 1.22 3.16 7.14 8.50 8.59
3 Crisil MIP Blended Index 3347.34 2.45 6.63 9.75 11.69 10.00
Crisil Short Term Bond Fund
4 2774.80 1.79 4.40 8.66 9.61 9.26
Index
5 I-Sec Composite Gilt Index 8707.48 3.87 7.65 12.36 11.77 10.64
6 I-Sec Li-BEX 12040.54 4.99 9.73 14.27 13.54 11.63

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Annexure

Annexure No. Description

I Overall Portfolio

II Direct Equity Portfolio Analysis

III Equity Mutual Fund Schemes Detailed Analysis

IV Debt Mutual Fund Schemes Detailed Analysis

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Annexure I
Overall Portfolio
Total Portfolio size ` 270.30 Lakhs (As on October 26, 2016)
Amount
Asset Allocation Instrument %
(In `)
Cash Saving Bank 2,000,000 7.40%
Debt Bonds, MF & PPF 10,025,165 37.09%
Equity ETF, Stocks & MF 14,005,311 51.81%
Alternate TATA CAP PREF 1,000,000 3.70%
Total 27,030,476 100.00%

Market Beta/
Sr. CMP/ Value Dividend Total
Your Overall Portfolio Units Cap/ Expense
No. NAV (`) per share Dividends
AUM Ratio
Stocks
1 Adani Ports and SEZ Ltd. 150 305.00 45,750 63,164 1.42 1.10 165
2 Adani Power Ltd. 1500 26.00 39,000 8,960 1.61 0.00 0
3 Allcargo Logistics Ltd. 400 183.55 73,420 4,627 1.03 2.00 800
4 Arvind Infrastructure Ltd. 80 94.30 7,544 244 0.86 0.00 0
5 Arvind Ltd. 800 404.50 323,600 10,451 1.29 2.40 1920
6 Axis Bank Ltd. 250 486.50 121,625 116,297 1.28 5.00 1250
7 Ballarpur Industries Ltd. 750 16.64 12,480 1,091 1.05 0.00 0
8 Bank Of Baroda 250 155.15 38,788 35,749 1.64 0.00 0
9 Coal India Ltd. 1000 319.40 319,400 201,745 0.67 27.40 27400
10 Engineers India Ltd. 237 269.75 63,931 9,089 1.44 4.00 948
11 Gateway Distriparks Ltd. 200 246.85 49,370 2,684 0.78 7.00 1400
12 GVK Power & Infra. Ltd. 10000 6.77 67,700 1,069 0.84 0.00 0
13 HDFC Bank Ltd. 50 1240.40 62,020 315,760 0.76 9.50 475
14 Himatsingka Seide Ltd. 500 273.95 136,975 2,697 1.55 2.50 1250
15 HDFC Ltd. 50 1335.95 66,798 211,612 1.06 17.00 850
16 ICICI Bank Ltd. 500 278.55 139,275 162,068 1.68 5.00 2500
ICICI Prudential Life
17 550 320.70 176,385 46,031 0.47 9.68 5325
Insurance Company Ltd.
IL&FS Transportation
18 784 113.35 88,866 3,729 0.94 2.00 1568
Networks Ltd.
19 Infosys Ltd. 50 1014.85 50,743 233,105 0.81 24.25 1213
20 IRB Infrastructure Developers 200 242.60 48,520 8,526 1.14 4.00 800
21 Jain Irrigation Systems Ltd. 400 104.05 41,620 4,788 1.28 0.50 200
22 Jaypee Infratech Ltd. 1062 8.97 9,526 1,246 0.84 0.00 0
23 Jindal Steel & Power Ltd. 1000 76.85 76,850 7,031 1.85 0.00 0
24 JSW Energy Ltd. 900 66.95 60,255 10,980 1.44 2.00 1800
25 KPIT Technologies Ltd. 500 144.15 72,075 2,847 0.79 2.20 1100
26 L&T Finance Holdings Ltd. 1000 104.50 104,500 18,339 0.90 0.80 800
27 Larsen & Toubro Ltd. 250 1482.70 370,675 138,237 1.43 18.25 4563
28 LIC Housing Finance Ltd. 100 586.00 58,600 29,573 1.34 5.50 550
29 MMTC Ltd. 500 46.55 23,275 4,655 1.05 0.30 150
30 National Aluminium Co. Ltd. 1000 50.50 50,500 13,015 1.06 2.00 2000
31 NCC Ltd. 800 92.00 73,600 5,115 1.58 0.60 480
32 NMDC Ltd. 1000 120.55 120,550 47,795 1.19 11.00 11000
33 Power Finance Corp. Ltd. 400 124.70 49,880 32,922 1.24 13.90 5560
34 Power Grid Corp. Of India Ltd. 2058 175.95 362,105 92,050 0.71 2.31 4754
35 PTC India Ltd. 400 74.15 29,660 2,195 1.17 2.50 1000
36 Punjab National Bank 250 144.00 36,000 30,643 1.60 0.00 0
37 RBL Bank Ltd. 130 352.65 45,845 13,041 0.99 1.50 195

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Market Beta/
Sr. CMP/ Value Dividend Total
Your Overall Portfolio Units Cap/ Expense
No. NAV (`) per share Dividends
AUM Ratio
38 Reliance Capital Ltd. 100 525.60 52,560 13,278 1.82 10.00 1000
39 Reliance Defence & Eng. Ltd. 800 60.00 48,000 4,417 1.17 0.00 0
40 Reliance Infrastructure Ltd. 100 556.10 55,610 14,625 1.63 8.50 850
41 Rural Electrification Corp. Ltd. 600 134.40 80,640 26,542 1.20 17.10 10260
42 State Bank Of India 500 259.05 129,525 201,095 1.66 2.60 1300
43 Sunil Hitech Engineers Ltd. 200 414.60 82,920 787 1.20 1.50 300
44 Titan Company Ltd. 200 374.80 74,960 33,274 0.83 2.20 440
45 Trident Ltd. 1000 59.25 59,250 3,019 1.50 0.90 900
46 VA Tech Wabag Ltd. 200 503.75 100,750 2,747 0.54 4.00 800
Welspun Investments and
47 20 75.00 1,500 27 0.69 0.00 0
Commercials Ltd.
Total 4,203,419 1.14 97,865
ETF
1 GS - CPSE ETF - Growth 18860 25.55 481,873 2,256 0.49 NA NA
Total 481,873
Equity MF Portfolio
1 Axis Equity Fund(G) 27955 20.28 571,400 2,125 2.09(Sep-16) NA NA
2 Axis Midcap Fund(D) 10862 21.18 231,252 1,310 2.17(Sep-16) NA NA
3 Axis Midcap Fund(G) 14222 27.19 389,541 1,310 2.17(Sep-16) NA NA
Birla SL Frontline Equity
4 23080 24.99 646,702 13,901 2.27(Sep-16) NA NA
Fund(D)
BNP Paribas Mid Cap
5 7329 28.65 210,144 697 2.54(Sep-16) NA NA
Fund(D)
BNP Paribas Mid Cap
6 12968 28.77 373,375 697 2.54(Sep-16) NA NA
Fund(G)
DSPBR Micro-Cap Fund(G)-
7 6922 55.79 385,500 3,806 1.78(Sep-16) NA NA
Direct Plan
Franklin India High Growth
8 20385 33.72 683,167 5,043 1.07(Sep-16) NA NA
Cos Fund(G)-Direct Plan
9 Franklin India Prima Fund(D) 3068 62.14 191,341 4,566 2.34(Sep-16) NA NA
10 HDFC Equity Fund(G) 1175 510.33 608,885 15,857 2.04(Sep-16) NA NA
HDFC Mid-Cap Opportunities
11 28771 30.66 889,513 13,022 2.11(Sep-16) NA NA
Fund(D)
ICICI Pru Focused BlueChip
12 34069 22.34 767,234 11,683 2.14(Sep-16) NA NA
Equity Fund(D)
ICICI Pru Focused BlueChip
13 11865 32.25 385,731 11,683 2.14(Sep-16) NA NA
Equity Fund(G)
ICICI Pru Value Discovery
14 24676 32.75 813,321 14,461 2.25(Sep-16) NA NA
Fund(D)
IDFC Premier Equity Fund-
15 23516 33.64 790,603 6,166 2(Sep-16) NA NA
Reg(D)
MOSt Focused Midcap 30
16 17166 23.85 411,725 1,287 2.42(Sep-16) NA NA
Fund-Reg(G)
17 Reliance Banking Fund(D) 5856 49.55 294,879 2,280 2.07(Sep-16) NA NA
18 Reliance Banking Fund(G) 643 201.80 131,862 2,280 2.07(Sep-16) NA NA
19 Reliance Pharma Fund(D) 5410 68.06 371,062 1,565 2.14(Sep-16) NA NA
20 Reliance Pharma Fund(G) 1051 145.42 154,021 1,565 2.14(Sep-16) NA NA
UTI Bluechip Flexicap
21 834.284 22.42 18,761 1,833 2.35(Sep-16) NA NA
Fund(D)
Total 9,320,019

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Market Beta/
Sr. CMP/ Value Dividend Total
Your Overall Portfolio Units Cap/ Expense
No. NAV (`) per share Dividends
AUM Ratio
Cash Portfolio
1 4% Saving Bank A/c NA NA 2,000,000 NA NA NA NA
Total 2,000,000
Debt Portfolio
7.50% IDFC LTD 12NV20
1 NA NA 20,000 NA NA NA NA
(Taxable@30.90%)
2 8.00% PPF NA NA 3,500,000 NA NA NA NA
8.76% HUDCO LTD Tax-free
3 NA NA 500,000 NA NA NA NA
25OT28
9.00% IDFC LTD. 30DC21
4 NA NA 20,000 NA NA NA NA
(Taxable@30.90%)
9.50% SBI 04NV25
5 NA NA 400,000 NA NA NA NA
(Taxable@30.90%)
9.95% SBI 16MR26
6 NA NA 800,000 NA NA NA NA
(Taxable@30.90%)
Franklin India Ultra Short
7 49892 10.08 502,792 6283.19 0.22(Sep-16) NA NA
Bond Fund(DD)-Direct Plan
HDFC CPO Fund-III-1207D-
8 20000 11.15 222,714 102.56 1.75(Mar-16) NA NA
Dec14(G)-Direct Plan
HDFC FMP-XXIV-1919D-
9 25000 14.01 350,318 132.07 0.2(May-16) NA NA
January 2013(1)(G)
HDFC FMP-XXXI-1116D-July
10 20000 12.29 245,606 133.15 0.11(May-16) NA NA
2014(1)(G)-Direct Plan
HDFC FMP-XXXI-747D-June
11 20000 12.26 245,072 117.44 0.01(May-16) NA NA
2014(1)(G)-Direct Plan
HDFC FMP-XXXII-1113D-Nov
12 20000 11.85 236,664 96.51 0.01(May-16) NA NA
2014(1)(G)-Direct Plan
HDFC FMP-XXXII-1134D-Sep
13 20000 12.24 244,666 175.78 0.56(May-16) NA NA
2014(1)-Reg(G)
HDFC FMP-XXXIII-1157D-Feb
14 50000 11.56 577,315 190.24 0.31(May-16) NA NA
2015(1)-Reg(G)
HDFC Medium Term
15 48559 10.45 507,242 6884.63 0.18(Sep-16) NA NA
Opportunities (QD)-Direct
ICICI Pru CPO Fund-VII-C-
16 20000 11.33 226,682 43.03 1.92(Sep-16) NA NA
1284D(G)
17 ICICI Pru FMP-74-780D-E(G) 20000 12.36 246,990 77.65 0.1(Sep-16) NA NA
18 ICICI Pru FMP-75-1100D-N(G) 20000 11.99 239,486 265.51 0.05(Sep-16) NA NA
ICICI Pru FMP-75-1246D-
19 20000 12.28 245,204 340.61 0.5(Sep-16) NA NA
U(G)-Direct Plan
Reliance Dual Adv FTF-VI-A-
20 20000 11.02 222,026 144.46 2(Mar-16) NA NA
1094D-(G)
Reliance FHF-XXVI-35-
21 20000 12.29 245,652 189.15 0.49(Sep-16) NA NA
1095D(G)
22 SBI DAF-VI-Reg(G) 20000 11.35 226,736 227.22 2.2(Mar-16) NA NA
Total 10,025,165
Alternate Portfolio
1 TATA CAP LTD PREF 21AP22 NA NA 1,000,000 NA NA NA NA
Total 1,000,000
Grand Total 27,030,476

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Other Observations
You have 11 volatile stocks in your direct equity portfolio with Beta above 1.50 to Sensex; your overall
portfolio beta to Sensex is at 1.14
You have 2 stocks in your direct equity portfolio with very low market capitalization of < ` 500 crores
You have 2 Equity MF schemes in your portfolio with very high expense ratio of > 2.50% p.a.
Total Dividend received by your Direct Equity portfolio for last financial year is ` 97,865
(Assuming you were holding all the stocks on the record date)

Note: The alerts are key risk that your portfolio carries while being evaluated with strategic investment portfolio
with long term horizon.

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Annexure II
Direct Equity Portfolio Detailed Analysis
Portfolio Brief:
The portfolio has 47 stocks with a total value of ~ ` 42.03 Lakhs

Market Capitalization classification:

Portfolio
Portfolio Value
Market Capitalization No. of Stocks Composition
(In `)
(%)
Large Cap (> 5000 crs) 30 3,298,488 78.47
Mid Cap ( between 2000-5000
11 723,261 17.21
crs)
Small Cap (between 501- 2000
4 172,626 4.11
crs)
Micro Cap (< 500 crs) 2 9,044 0.22
Total 47 4,203,419 100.00%

We have classified the portfolio into Core & Tail stocks wherein stocks with an allocation of 1% or
more in the overall portfolio are termed as Core stocks & less than 1% as Tail Stocks.

Core Stock (> 1% of Portfolio)


Large Cap Mid Cap Small Cap Micro Cap Total
No. of stocks 27 8 2 NA 37
Value of core portfolio (in `) 3,184,700 628,706 150,620 NA 3,964,027
% of Total portfolio 75.76% 14.96% 3.58% NA 94.30%
Average holding per Core Stock (`) 117,952 78,588 75,310 NA 107,136
Average holding per Core Stock (%) 2.81% 1.87% 1.79% NA 2.55%
Tail Stock (< 1% of Portfolio)
Large Cap Mid Cap Small Cap Micro Cap Total
No. of stocks 3 3 2 2 10
Value of Tail portfolio (in `) 113,788 94,555 22,006 9,044 239,393
% of Total portfolio 2.71% 2.25% 0.52% 0.22% 5.70%
Average holding per Tail Stock (`) 37,929 31,518 11,003 4,522 23,939
Average holding per Tail Stock (%) 0.90% 0.75% 0.26% 0.11% 0.57%

Portfolio Alerts

Out of 37 core stocks in the direct equity portfolio, 27 are large cap stocks, 8 are mid cap
stocks and 2 are small cap stocks with an average holding of ~ ` 1.07 Lakhs or 2.55% per
stock

Out of 10 tail stocks in the direct equity portfolio, 3 are large cap stocks, 3 are mid cap
stocks, 2 are small cap stocks and 2 are micro cap stocks with an average holding of `
23,939 or 0.57% per stock

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Annexure III
Equity Mutual Fund Portfolio- Detailed Analysis
Portfolio Brief
The portfolio has 37 funds with total value of ~ ` 141.05 Lakhs

1. Portfolio Bifurcation:
Portfolio
Category No. of Schemes Portfolio Value (in `)
Composition (%)
Equity Funds 21 9,320,019 66.08%
Debt Funds 16 4,785,165 33.92%
Total 37 14,105,183 100.00%

2. Equity Mutual Fund Portfolio


Mean /
Sr. Fund Standard Sharpe Information
Scheme Name Fund Manager Average
No. Benchmark Deviation Ratio Ratio
Return
Jinesh Gopani,
1 Axis Equity Fund(G) NIFTY 50 15.37 14.64 0.64 0.18
Ashish Naik
S&P BSE Mid-
2 Axis Midcap Fund(D) Ashish Naik NA NA NA NA
Cap
S&P BSE Mid-
3 Axis Midcap Fund(G) Ashish Naik NA NA NA NA
Cap
Birla SL Frontline Equity
4 Mahesh Patil S&P BSE 200 17.72 14.77 0.79 0.34
Fund(D)
BNP Paribas Mid Cap Shreyash Devalkar, Nifty Free Float
5 23.96 13.97 1.29 0.80
Fund(D) Abhijeet Dey Midcap 100
BNP Paribas Mid Cap Shreyash Devalkar, Nifty Free Float
6 23.97 13.97 1.29 0.80
Fund(G) Abhijeet Dey Midcap 100
DSPBR Micro-Cap Vinit Sambre, Jay S&P BSE Small-
7 NA NA NA NA
Fund(G)-Direct Plan Kothari Cap
Franklin India High Anand
NIFTY 500,NIFTY
8 Growth Cos Fund(G)- Radhakrishnan, NA NA NA NA
50
Direct Plan Roshi Jain
Nifty Free Float
Franklin India Prima R. Janakiraman, Hari Midcap
9 24.58 13.20 1.41 0.90
Fund(D) Shyamsunder 100,NIFTY
500,NIFTY 50
Prashant Jain,
10 HDFC Equity Fund(G) NIFTY 500 16.44 17.65 0.59 0.21
Rakesh Vyas
HDFC Mid-Cap Chirag Setalvad, Nifty Free Float
11 24.18 15.11 1.20 0.76
Opportunities Fund(D) Rakesh Vyas Midcap 100
ICICI Pru Focused Manish Gunwani,
12 NIFTY 50 15.70 14.60 0.66 0.20
BlueChip Equity Fund(D) Shalya Shah
ICICI Pru Focused Manish Gunwani,
13 NIFTY 50 15.66 14.60 0.66 0.20
BlueChip Equity Fund(G) Shalya Shah
ICICI Pru Value Discovery Mrinal Singh, Shalya
14 S&P BSE 500 22.59 14.29 1.16 0.69
Fund(D) Shah
IDFC Premier Equity Punam Sharma,
15 S&P BSE 500 19.11 13.34 0.98 0.48
Fund-Reg(D) Anoop Bhaskar
MOSt Focused Midcap Taher Badshah, Nifty Free Float
16 NA NA NA NA
30 Fund-Reg(G) Abhiroop Mukherjee Midcap 100
Reliance Banking Sanjay Parekh, Shrey
17 NIFTY BANK 19.59 22.14 0.61 0.31
Fund(D) Loonkar
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Mean /
Sr. Fund Standard Sharpe Information
Scheme Name Fund Manager Average
No. Benchmark Deviation Ratio Ratio
Return
Reliance Banking Sanjay Parekh, Shrey
18 NIFTY BANK 19.63 22.07 0.62 0.31
Fund(G) Loonkar
S&P BSE Health
19 Reliance Pharma Fund(D) Sailesh Raj Bhan 21.04 13.87 1.08 0.60
Care
S&P BSE Health
20 Reliance Pharma Fund(G) Sailesh Raj Bhan 21.05 13.81 1.09 0.60
Care
UTI Bluechip Flexicap
21 Ajay Tyagi S&P BSE 200 14.19 15.33 0.53 0.10
Fund(D)

3. Market Cap wise Break up of Existing Equity Mutual Fund Portfolio

Source: Accord Fintech

Portfolio Alert

~ 81% of Your Equity Mutual Fund portfolio is invested into Large Cap Stocks

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Annexure IV
Debt Mutual Fund Portfolio- Detailed Analysis
1. Debt Mutual Fund Portfolio

Average Mod
Sr. Fund Average
Scheme Name Fund Manager Exit Load/ Remarks Maturity Duration
No. Benchmark YTM (%)
(in years) (in years)
Franklin India
Sachin Padwal-
Ultra Short Bond Crisil Liquid
1 Desai, Pallab Nil 0.93 0.77 8.58
Fund(DD)-Direct Fund Index
Roy
Plan
HDFC CPO Fund-
Anil Bamboli,
III-1207D- Crisil MIP
2 Vinay R. NA 1.86 NA NA
Dec14(G)-Direct Blended Index
Kulkarni
Plan
HDFC FMP-XXIV- Shobhit Crisil Composite
3 1919D-January Mehrotra, Bond Fund Nil 1.94 NA NA
2013(1)(G) Rakesh Vyas Index
HDFC FMP-XXXI-
Shobhit Crisil Composite
1116D-July
4 Mehrotra, Bond Fund NA 1.28 NA NA
2014(1)(G)-Direct
Rakesh Vyas Index
Plan
HDFC FMP-XXXI-
Shobhit Crisil Short
747D-June
5 Mehrotra, Term Bond NA 0.19 NA NA
2014(1)(G)-Direct
Rakesh Vyas Fund Index
Plan
HDFC FMP-
Crisil Composite
XXXII-1113D- Anil Bamboli,
6 Bond Fund NA 1.59 NA NA
Nov 2014(1)(G)- Rakesh Vyas
Index
Direct Plan
HDFC FMP-
Crisil Composite
XXXII-1134D- Anil Bamboli,
7 Bond Fund NA 1.51 NA NA
Sep 2014(1)- Rakesh Vyas
Index
Reg(G)
HDFC FMP-
Shobhit Crisil Composite
XXXIII-1157D-
8 Mehrotra, Bond Fund NA 1.97 NA NA
Feb 2015(1)-
Rakesh Vyas Index
Reg(G)
HDFC Medium
Term Crisil Composite
Anupam Joshi,
9 Opportunities Bond Fund Nil 3.57 2.84 7.49
Rakesh Vyas
Fund(QD)-Direct Index
Plan
ICICI Pru CPO Vinay Sharma,
Crisil MIP
10 Fund-VII-C- Rahul NA 2.02 1.67 8.21
Blended Index
1284D(G) Goswami
Rahul Crisil Short
ICICI Pru FMP-
11 Goswami, Term Bond NA 0.15 0.14 8.42
74-780D-E(G)
Rohan Maru Fund Index
Rahul Crisil Short
ICICI Pru FMP-
12 Goswami, Term Bond NA 1.41 1.24 8.67
75-1100D-N(G)
Rohan Maru Fund Index
ICICI Pru FMP- Crisil Short
Rahul
13 75-1246D-U(G)- Term Bond NA 1.31 1.16 9.37
Bhuskute
Direct Plan Fund Index

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Average Mod
Sr. Fund Average
Scheme Name Fund Manager Exit Load/ Remarks Maturity Duration
No. Benchmark YTM (%)
(in years) (in years)
Reliance Dual Omprakash
Crisil MIP
14 Adv FTF-VI-A- Kuckian, Anju NA 1.22 NA NA
Blended Index
1094D-(G) Chhajer
Reliance FHF- Crisil Short
15 XXVI-35- Amit Tripathi Term Bond NA 1.26 NA NA
1095D(G) Fund Index
Rajeev
SBI DAF-VI- Crisil MIP
16 Radhakrishnan, NA 1.58 NA NA
Reg(G) Blended Index
Ruchit Mehta
Portfolio Modified Duration 1.61 1.43 8.35

Portfolio Alert

Your Debt Mutual Fund Portfolios weighted average modified duration is ~ 1 year,
indicating low sensitivity towards interest rate movements

2. Credit Analysis of Existing Debt Mutual Fund Portfolio

Source: Accord Fintech

Portfolio Alert

~ 62% of Your Debt Mutual Fund portfolio is invested into AAA & Equivalent Bonds

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Glossary
General Assumption: While analyzing entire portfolio; we have excluded the stock/mf which does not have full 5
year history. All interest income instruments if any is assumed post tax at highest tax slab rate for the above
calculation. Debt & Cash growth rate has been assumed at 6% & 4% (post tax) respectively, wherever applicable.
Debt funds with growth option have been assumed post taxes. Dividend Income is not considered for stock returns
& adjusted NAV are taken for mutual fund with dividend option. Gold ETFs have been assumed post taxes. BSE
closing stock prices are taken for calculating daily rolling return .Past performance may or may not sustain in the
future.

Mean Variance Analysis: These are stimulated portfolios of your direct equity portfolio (PMS Excluded) (sample)
that have SD in the range of the portfolio and better expected returns. It also considers Future looking House View
on Stocks, wherein available. Last 10 years data is considered for this analysis

This is the constraint efficient frontier model wherein we have capped individual large cap stocks at 7.5% (10% if
total no. of stocks less than 15), Midcap stocks at 5%, small cap stocks at 2% and microcap stocks at 1%. Also,
individual sector allocations are cap at Nifty allocation + 7.50% or 25% whichever is lower. The quantity of shares
shown under Portfolio Action (no. of shares) is based on the prices on the day of analysis and restructuring may
change as price changes

Point to Point Return: measures the return of the portfolio between two specific dates.

Average return: means the average of Last 5 year daily rolling return. In simple words, it is an average of ~1250
trading days.

Standard deviation: A measure of variability from the mean (average) of the select data. A low standard deviation
indicates that the data points tend to be very close to the mean, whereas high standard deviation indicates that the
data points are spread out over a large range of values.

Sharpe Ratio: is (Portfolio return- Risk free rate)/SD; Risk free is assumed to be 6% (post tax). Higher the Sharpe
higher the funds excess return per unit of risk.

Information Ratio: The information ratio (IR) measures a portfolio manager's ability to generate excess returns
relative to a benchmark and also attempts to identify the consistency of the manager. A high ratio means a manager
can achieve higher returns more consistently than one with a low ratio by taking on additional risk.

Nifty TRI: Total Returns Index reflects the returns on the index arising from
(a) Constituent stock price movements and
(b) dividend receipts from constituent index stocks

Maximum Drawdown: Maximum Drawdown (MDD) is the maximum fall from the previous Peak that the portfolio
has experienced during the period under consideration. The lower the Max DD, lower the risk

Absolute Return Contribution: It is the return contribution of individual securities calculated as the weight of the
security multiplied by its average return

Relative Return Contribution: It is percentage return contribution of individual securities to the portfolio return

Absolute Risk Contribution: It is the risk contribution of the individual securities calculated as the weight of the
security multiplied by its marginal risk contribution

Relative Risk Contribution: It is percentage risk contribution of individual securities to the portfolio risk

Marginal Risk Contribution: It measures how much additional risk would be added to the portfolio if an additional
1% were to be invested in a specific stock

Source: Base data from Accord Fintech


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Disclosures and Disclaimer


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