Untitled - Geojit Financial Services Ltd

EXECUTIVE EDITOR’S NOTE

Dr. V.K. Vijayakumar

Sow the seeds now to reap the harvest later On 12th March after the Sensex zoomed 610 points, I got a call from an investor who complained that though the Sensex and Nifty zoomed, his portfolio didn’t show any appreciation. I had to tell him politely that the problem was with his portfolio, which was composed predominantly of small and midcap stocks. In a bull market retail investors get attracted to mid and small caps and continue to buy them/remain invested even at excessive valuations. Market volatility will give opportunities to churn portfolio in favor of quality large cap stocks that are fairly valued. This was the message I tried to convey in the previous editorial “Remove the weeds; water the plants”. In this issue, let me take this agrarian analogy forward. We feel it is time for investors to sow the seeds now to reap the

which can lead to disproportionate increase in corporate profitability. FY 2019 earnings are likely to be in high teens, perhaps even better. Corporate profit to GDP ratio is presently at a trough of 4 percent. This is set to rise steadily to reach the historical average of 6 percent soon. 7 to 8 percent GDP growth (nominal growth of above 12 percent) and corporate profit to GDP steadily climbing to the historical average of 6 percent can ensure sustained rise in earnings in the coming years. This will bring valuations down and leave room for market appreciation. There are more volatile days ahead for the market. The PNB scam, the regulatory overkill that might follow, concerns of a trade war triggered by President Trump

harvest later.

and political developments which the market might

The global economy is in fine shape. In India there are

the market. Investment weather might get very stormy.

perceive as unfavorable are potential headwinds for

clear signs of cyclical recovery in GDP growth and earnings growth. These augur well for the markets in the medium to long-term. However, there are short-term headwinds, both globally and domestically that can cause excessive volatility in the market. Investors should use these market corrections to buy

But investors should continue to invest systematically. Investors should learn from the farmer who braves the hostile weather, prepares the field and sows the seeds. So, sow the seeds now. Ignore the political noise that is likely to get shriller in the coming months. Wait patiently for the inevitable harvest that would be,

quality stocks and remain patient.

indeed, bountiful!

In spite of the near 9 percent correction from the 2018

This issue of Geojit Insights has a guest article on

peak in the Nifty and Sensex, the market valuations are higher than historical averages. But this scenario is likely to change, going forward. Sharp recovery in

corrections by Radhika Gupta, CEO Edelweiss AMC and ‘Smart Talk’ by Nagarajan Murthy of Tata AMC. Also, take a look at the new feature ‘Laughing stock’.

the economy, which, in turn, is improving capacity utilization in the industry. The consequence of this

April 5, 2018 I Geojit Insights I

04

Congratulations for deciding to invest in mutual funds for the long-term. During a long time period of 10 – 12 years, mutual funds will give excellent returns. It is important to have a right mix of equity, balanced and debt funds in your portfolio depending on your age, risk appetite and financial goals. And, within equity funds, you should have a good mix of large cap, mid cap and small caps. There is a general perception among investors, particularly new investors, that NFOs are better since units are allotted at par, i.e. at Rs 10 in an NFO. But the fact is that it does not make any difference. In fact existing funds are better since you can assess them based on their track record. If you are planning to invest now, bulk investment is not desirable in the present market conditions. 2018 is likely to be very volatile unlike 2017. To take advantage of this volatility, it would be better to opt for SIPs (Systematic Investment Plans). If a bulk amount needs to be invested, STPs (Systematic Transfer Plans) would be better. I have an FD of Rs. 50 lakh. Where should I invest the maturity proceeds of an FD to get a monthly income? - Disset Mathew, Delhi Since interest rates have been coming down steadily, many depositors are now thinking of alternatives to deposits. Debt funds like MIPs (Monthly Income Plans) will give superior returns, but only in the long run. The tax advantage also (inflation indexation) is available only if you remain invested for 3 years. There are many options for fixed income investment. This again depends on the age and risk profile of the investor. Senior citizens/ retirees should give priority to safety of capital and liquidity than to returns while investing in fixed income. For senior citizens there are attractive savings schemes like Post Office Savings Schemes. If you are looking for higher returns, some recently licensed Small Banks are offering attractive returns, as high as 9 % and 9.5 % for senior citizens. Major part of your bank FD should continue to be in FDs even after maturity if your risk appetite is low. In the present macro scenario, debt funds are unlikely to give superior returns in the short run. Should mutual fund investors look beyond balanced funds after Dividend Distribution Tax? - T A Bhaskaran, Ettumanoor For those investors who have been investing in balanced funds for tax exemption on dividends, balanced funds have become slightly less attractive after the Dividend Distribution Tax. But for beginners, balanced funds are an excellent choice.

MAIL BOX: Letters must be addressed to:

GDP growth is pushing up the aggregate demand in

turn-around is the improving operational leverage,

I want to invest in mutual funds for the long term (10 -12 years). Should I invest in an NFO or should I choose an existing mutual fund? - Abdul Samad, Bangalore

Dr.V . K. Vijayakumar

Vol.: 02 | Issue: 03 | April 05, 2018

Printed & Published by: C J George, Director, Geojit Investment Services Limited 34/659- P, Civil Line Road, Padivattom Kochi - 682 024, Kerala, India Owned by: Geojit Investment Services Limited 34/659- P, Civil Line Road, Padivattom Kochi - 682 024, Kerala, India Printed at: S.T. Reddiar & Sons (V.V.Press), Publishers & Computerised Offset Printers, P.B.No.3627, Veekshanam Road, Ernakulum– 682035 Published at: Geojit Investment Services Limited 34/659- P, Civil Line Road, Padivattom Kochi - 682 024, Kerala, India Editor: C J George, Director, Geojit Investment Services Limited , 34/659- P, Civil Line Road, Padivattom Kochi - 682 024, Kerala, India Phone: + 91 484 2901000 Website: www.geojit.com Email: [email protected] Corporate Identity Number: U52599KL1995PLC008606 Geojit Investment Services Ltd. is a wholly owned subsidiary of Geojit Financial Services Ltd., (formerly known as Geojit BNP Paribas Financial Services Ltd.) Total Number of Pages: 52 pages (including cover) RNI NO: KERENG/2017/72534 Geojit Team: Writers: Dr. V. K. Vijayakumar, Executive Editor Vinod Nair, Head Research Anand James, Chief Market Strategist Fundamental Research: Antu Eapen Thomas, Saji John, Anil R, Sreenish S R

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Views and opinions expressed in the magazine are not necessarily those of Geojit Insights, its publisher and / or editors. We (at Geojit Insights) do our best to verify the information published, but do not take any responsibility for the absolute accuracy of the information. Geojit Insights does not accept responsibility for any investment or other decision taken by readers on the basis of information provided herein.

|STOCK RECOMMENDATIONS|

|STOCK RECOMMENDATIONS|

Rating: BUY

Rating: ACCUMULATE

Rating: ACCUMULATE

Cadila Healthcare (Cadila) is India’s leading vertically integrated pharmaceutical company. Cadila is one of the old generation family owned companies which, after establishing a strong base in domestic formulations, shifted focus to exports markets. The company was established in 1952 and restructured in 1995 post a family split. With its presence across the value chain, it manufactures finished dosage forms, active pharmaceutical ingredients, animal healthcare products and wellness products. The company currently owns a pipeline of 20 biosimilars and four novel biologics. Similarly, it owns 13 vaccines in different stages of development.

Vinati Organics Ltd (VOL) enjoys global leadership in two specialty chemicals, with market share of 65% in IBB and 45% in ATBS. IBB is primarily used in Pharmaceuticals as a raw material for the manufacture of ibuprofen and ATBS is a specialty monomer used as a co-monomer in numerous polymerization processes. VOL’s next leg of growth will be driven by PTBBA, butylated phenols and PAP (para amino phenol) from FY21.

Minda Industries Limited is a supplier of automotive solutions to original equipment manufacturers. The Company offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others. Its business divisions include Lighting Systems Division, Switch & Handle Bar Systems Division, Acoustics Systems Division, and Sensors Actuators and Controllers Division. It also has business divisions, which are engaged in production of batteries for two wheelers, fuel cap and compressed natural gas (CNG)/liquid petroleum gas (LPG) kits. It is also engaged in the business of blow molding components and aluminum die casting. Its product portfolio includes alloy wheel, brake hoses and fuel hoses. It manufactures switching system and handle bar solutions for two/three-wheelers in India. It develops electronic products, including start stop sensors, electronic accelerator pedal module (EAPM) and head lamp leveling motors.

Cadila (CDH) followed up its strong 2QFY18 numbers with another good performance in 3QFY18. The top-line came in at Rs 32.6bn, up 41% YoY. This was largely driven by sales of gLialda under exclusivity and gTamiflu under limited competition. EBITDA was Rs 8.4bn, up 108% YoY. The margin was 25.8%, up 831bps YoY primarily driven by operating leverage and sales of limited competition products in the US. PAT was Rs 5.4bn, up ~68% YoY. Driven by gLialda exclusivity in the US and new product launches, we expect EBITDA margin to expand to 24.1%/25.1% in FY18/19E. Launches like gAsacol HD, gPrevacid ODT, gToprol XL and gExelon (transdermal patch) are likely to compensate significantly for any drop-off in sales of gLialda. Further, successful resolution of the Moraiya and Baddi plants bodes well for new drug launches as Moraiya accounted for ~60 of ~180 ANDAs pending approval including some critical ones such as Toprol XL, Prevacid & Asacol HD. Notably, the company expects ~80 ANDA approvals until FY19, of which, around 50% are expected from the Moraiya facility alone. Post the manufacturing facility clearance, the management targets to launch around 40 products in the US. We expect US sales to grow at 33% CAGR over FY17-19E. On the domestic front, CDH has recently launched 12 new products in India. Though it recovered 80% of lost sales post GST-led disruptions, overall inventory days are still below the pre-GST level. Notably, the company has received marketing authorisation from DCGI for typhoid vaccine. Other than these two segments, there are almost seven other revenue heads spread across both the domestic and exports sub-groups. Segments like wellness, JV & others continue to witness diminished performance. However, with planned forays into biosimilars and vaccines, we may see priorities shifting towards these high investment/niche segments. We project revenue/PAT to grow at a CAGR of 20%/26% over FY17-19E driven by new drug launches in the US and normalisation of Indian business post GST led disruption. We increase our EPS estimates by 5.8%/3.1% for FY18E/FY19E to mainly factor in strong expansion in EBITDA margin going ahead. With strong growth prospects backed by healthy product pipeline and focus on Para IV filings & speciality products and expected pick-up in launch momentum from the Moraiya facility, we maintain ‘BUY’ rating on the stock with a revised TP of Rs. 506 (Rs. 491 earlier) based on 22x FY19PE. Analyst: Abhijit Kumar Das Dion Global Solutions Ltd., INH100002771

VOL’s IBB segment is witnessing strong demand in overseas markets. BASF, the largest manufacturer of ibuprofen in the world, announced that it plans to build a new world-scale plant to produce ibuprofen in Ludwigshafen, Germany. Apart from this, BASF is also expanding ibuprofen capacity at its existing production site in Bishop, Texas. Capacity at Texas unit is expected to be streamlined in early 2018 and in the new plant in 2021. VOL, being one of the preferred suppliers of IBB to BASF, is expected to be the natural beneficiary of this expansion. To cope with increased demand for IBB, VOL will expand its IBB capacity from 16,000tn to 25,000tn in FY18. Recently, VOL’s main competitor (global market share ~15%-20%) in ATBS has shut down its plant. VOL, being the global leader with 45% market share, is expected to capture this gap in supply of ATBS. Additionally, VOL has planned capex of ~Rs1,500mn-Rs2,000mn for butylated phenols. Sales from butylated phenols are expected to start from 2HFY19. At peak utilisation level, sales from butylated phenols can touch ~Rs3,000mn. Currently, there are very few small players manufacturing butylated phenols in India. As of now, almost 100% of PAP (~22,000tn of demand in India) is met through imports from China. Capex required for this project will be ~Rs5,000mn and sales can touch~Rs7,000mn at peak capacity utilisation. Revenue grew by 13% YoY in Q3FY18 led by higher contribution from ATBS, HPMTBE, new products and others. The offtake in IBB segment was impacted by prolonged shut down of plants at one of its client side which impacted the top-line growth. However, ATBS witnessed strong volume growth as one of VOL competitor has exited from ATBS business. Going forward to FY19E, the de-bottlenecking of capacity of VOL’s client is expected to boost the off-take in IBB segment. ATBS will continue to drive overall revenue growth & profitability led by strong demand and incremental volumes led by exit of competitor from business. We factor revenue to grow 23% CAGR over FY18E- FY20E. Gross margins for Q3FY18 declined by 760bps YoY to 46.8% due to higher raw material cost and lower share of IBB in the sales mix. While the EBITDA margins declined by 660bps YoY to 26.8%. Given impact on margins in Q3, we lower EBITDA margin estimates by 190bps &50bps for FY18E & FY19E. We factor EBITDA to grow at a healthy 27% CAGR over FY18E20E. The long term outlook has been significantly improved by launch of new products and CAPEX initiated for introduction of new products. We roll our valuation to FY20E and value VOL at P/E 24x (25x earlier on FY19E).Given healthy earnings outlook, we upgrade to Accumulate from Reduce rating with a target price of Rs942. Analyst: Anil R Geojit Financial Services Ltd., INZ000104737

General disclosure and disclaimer: Cadila Healthcare Ltd. https://goo.gl/oSJDAr and Vinati Organics Ltd. https://goo.gl/kSBshr

Q3FY18 revenue grew by 26%YoY led by positive effect of consolidation of group companies & superior product mix, while standalone business grew by 9%YoY. EBITDA margin expanded by 160bps due to superior product mix & operating leverage, Adj.PAT grew by 27%YoY. Despite GST transition and BS–IV emission change industry registered a growth of 9%YoY in production for the H1FY18. We expect the industry to close by double digit growth for the full year. During Q3FY18 switching business grew by14% YoY whereas lighting and horns grew by 13% & 30% mainly due to inorganic growth. MIL has robust capex plan of Rs 375cr for consolidation exercise and Greenfields expansion in FY19. Capex for the lighting plant in Chennai to cater primarily to Renault Nissan has been approved and is expecting the tune of Rs.55cr. Mexico plant for Clarton horns has started operational. We expect the consolidated Revenue to grow at 19% CAGR over FY17-20E led by higher contribution by core segments and incremental revenue from Alloy wheel, infotainments and storage battery business which is at the trial phase. Alloy wheel production has jumped from 85k/month in July to 100-110k in Aug- Sep. Capacity currently stands at 120k/m and is set to increase on account of robust demand. The penetration in the PV segment is currently at ~24% which is expected to increase to 45% in next 3 to 5 years. It has invested Rs2bn in first phase in Gujarat plant and is presently supplying to OEM’s like Toyota, Renault & Honda. Plant for the recently signed JV with Taiwanese TTE to be operational. On the back of strong earnings growth of 18%CAGR and ROE of ~24% by FY19E, we remain confident about the long term prospects of MI, but due to recent run up in stock price we see limited upside at current level. We marginally upgrade our PAT estimate for F19E by 2% respectively, to factor in higher operating leverage. We rollover our valuation to FY20E EPS at a P/ E 28x with a revised target price of Rs1237 and recommend Accumulate rating.

Analyst: Saji John Geojit Financial Services Ltd., INZ000104737

Rating: BUY

NBCC (India) Ltd (NBCC) is a Navaratna Enterprise under Ministry of Urban Development. Its business verticals include: Project management consultancy (PMC), Engineering Procurement & Construction (EPC) and real estate business. Q3FY18 revenue de-grew by 7% YoY at Rs1,322cr mainly on account of delay in execution of PMC projects & real estate business. The PMC projects constitute ~91% of the total revenue which de-grew by 6.3%, real estate declined by 90% while EPC business grew marginally by 1%. Revenue growth in PMC business was lower largely due to subdued execution of large redevelopment projects owing to time lag for preparatory works. Management pointed that Rs10,000cr worth large redevelopment projects are tendered during the last six months and ground level execution has started and expect significant upswing in revenue in FY19. On the other hand, execution of another Rs.15,000cr worth orders are likely to start in CY18 which will propel revenue booking in the coming years. We expect top-line to register 26% CAGR over FY17-20E. NBCC has a current order book backlog of Rs800bn (including re-development project of 3 colonies in Delhi worth Rs250bn). Order book consists of 92% PMC including large re-development project. EPC & Real estate forms 5% &3% of the order book. NBCC is at sweet spot considering its huge order book, limited competition and expertise in executing large projects. Big projects like Pragati Maithan (Rs2500cr), Irrigation project in Maharashtra (Rs1,000cr), redevelopment of Nauroji Nagar (Rs2,500cr) started with an estimated execution period of 24months. The EBITDA margins declined by 12bps YoY to 5.2% due to 35% increase in employee cost (led by 7th pay commission). Delay in execution and weak operational performance impacted the earnings growth during this quarter. Therefore, we reduced FY18E/19E earnings estimate by 12%/26%, we expect earnings to grow at 24% CAGR over FY17-20E owing to robust order book & pick-up in execution. Mammoth order book provides strong visibility for next 5yrs. For FY19, revenue growth is expected to be strong as most of the redevelopment projects would contribute meaningfully. Further NBCC had received good response in real estate sale at Nauroji Nagar and has sold over Rs2000cr of properties in the 9MFY18. Considering the asset light PMC segment, less leveraged balance sheet and robust opportunities in the pipeline, NBCC will command premium valuation in the construction space. We value NBCC’s core business at a P/E of 27x on FY20E and book value of land parcel at Rs19/share to arrive at SOTP target price of Rs218 and assign Buy rating.

Analyst: Antu Eapen Thomas Geojit Financial Services Ltd., INZ000104737

General disclosure and disclaimer: Minda Industries Ltd. https://goo.gl/zxvZi8 and NBCC (India) Ltd. https://goo.gl/mXkoGx

EQUITY FUND RECOMMENDATIONS: APRIL 2018

Mid /Mid & Small Cap Funds

 Mid Cap funds invest in medium sized companies beyond the top 100 companies by market cap.  They are future large caps. The fund displays higher volatility and has the potential to deliver higher risk adjust-

Large Cap Equity Mutual Funds

 Large Cap Funds invest in industry leaders with stable growth.  They are least risky among the equity category due to their large size, lower volatility and high liquidity.  Suited for first time investors, or for investors with least risk appetite and for conservative investors looking for

ed returns over longer term.

 Suited for young investors with longer investment horizon. Scheme Name

small equity allocations. Data as on 12.03.2018

Scheme Name

CAGR % 1 Year

3 Years

5 Years

Invesco India Growth Fund (G)

24.36

9.80

18.34

SBI BlueChip Fund-Reg (G)

15.85

9.06

17.42

ICICI Pru Focused Bluechip Equity Fund (G)

17.95

9.00

16.45

Aditya Birla SL Frontline Equity Fund (G)

14.59

8.19

16.59

Reliance Top 200 Fund (G)

20.10

8.39

17.68

UTI Equity Fund (G)

16.43

6.89

15.94

BNP Paribas Equity Fund (G)

17.28

5.85

15.96

Kotak 50(G)

14.51

7.11

14.49

Franklin India Bluechip Fund (G)

11.42

7.24

13.61

DSPBR Focus Fund-Reg (G)

14.23

7.25

16.22

Flexi Cap / Multi Cap Funds

 The fund manager has the freedom to invest across market caps that increases investment opportunity. The volatility risk is higher than large cap funds due to presence of mid caps in the portfolio.

Scheme Name

CAGR %

5 Years

Franklin India Smaller Cos Fund(G)

22.37

15.12

29.44

L&T Midcap Fund-Reg(G)

25.99

16.70

28.79

Canara Rob Emerg Equities Fund-Reg(G)

24.26

15.62

29.22

Kotak Emerging Equity Scheme(G)

18.48

14.42

25.48

HDFC Mid-Cap Opportunities Fund(G)

19.36

13.93

25.79

SBI Magnum MidCap Fund-Reg(G)

13.39

11.20

25.20

Equity Linked Saving Schemes (ELSS)

 The scheme enjoys tax benefit forming the 80 C category with 3 year lock in period  Portfolio is generally multi cap with higher large cap allocation which reduces volatility risk.

Scheme Name

CAGR % 1 Year

3 Years

5 Years

Aditya Birla SL Tax Relief '96(G)

26.00

11.52

21.96

Axis LT Equity Fund(G)

22.96

8.49

22.61

DSPBR Tax Saver Fund-Reg(G)

15.46

11.54

19.81

ICICI Pru LT Equity Fund (Tax Saving)(G)*

12.33

7.94

18.01

Under Review

 Ensures equity taxation on returns due to majority allocation in equity (65%) and 35% in debt. In the debt port-

3 Years

5 Years

Tata Equity P/E Fund(G)

22.43

14.34

23.19

Aditya Birla SL Equity Fund(G)

16.53

12.02

21.27

Kotak Select Focus Fund(G)

16.39

11.08

20.24

L&T India Spl. Situations Fund-Reg(G)

22.45

10.34

18.53

DSPBR Opportunities Fund-Reg(G)

17.27

12.59

19.57

Franklin India Flexi Cap Fund(G)

13.79

7.43

17.59

ICICI Pru Value Discovery Fund(G)

11.66

6.45

20.65

Tata Equity Opportunities Fund(G)*

15.83

7.35

17.10

April 5, 2018 I Geojit InsightsI 30

3 Years

Balanced Funds  These are designed to combine the benefit of equity and debt in the same portfolio

1 Year

 Under Review

1 Year



 Suited for long term investments in equity without the hassle of constant portfolio restructuring.

CAGR %

folio the fund managers mostly hold short term papers to reduce duration related risk.

 Suited for investors with low risk appetite.

Scheme Name

CAGR % 1 Year

3 Years

5 Years

HDFC Balanced Fund(G)

16.61

10.25

18.74

SBI Magnum Balanced Fund-Reg(G)

16.04

8.66

17.05

ICICI Pru Balanced Fund(G)

13.81

10.65

17.90

L&T India Prudence Fund-Reg(G)

15.48

9.51

18.13

The schemes are listed in the above tables according to the position they hold in the quartile ranking for the month of March2018. (For ISIN refer Funds in Limelight) As a part of the scheme consolidation process undertaken by AMCs, the name as well as category of a few schemes is undergoing changes. This will fully reflect in recommendation from next month onwards.


31

DEBT FUND RECOMMENDATIONS – APRIL 2018

INCOME FUNDS

 Average Maturity is 5 to 10 years.  Maturity varies from short to long term to benefit from yield curve movements.  Dynamically managed portfolio suited for tactical allocation.

LIQUID FUNDS

 Average Maturity is less than 90 days.  Ideal for parking idle funds for very short period.  Least risk of volatility since there is no comparing of the rates with the market.

Scheme Name

Data as on 19.03.2018

Scheme Name

Absolute Return %

Absolute Return %

CAGR %

YTM

Average Maturity years

1 Month

6 Months

1 Year

Kotak Income Opportunities Fund(G)

9.48

2.24

0.70

2.50

6.82

DSPBR Bond Fund-Reg(G)

8.47

3.33

0.73

1.79

6.96

CAGR %

YTM

Average Maturity Years

1 Month

6 Months

1 Year

Aditya Birla SL Cash Plus(G)

7.00

0.10

0.55

3.29

6.72

UTI Income Opp Fund(G)

9.31

1.68

0.66

2.44

6.74

Reliance Liquid-Treasury Plan(G)

6.89

0.12

0.55

3.28

6.71

ICICI Pru Income(G)

8.24

8.65

0.62

-1.38

5.31

L&T Liquid Fund(G)

6.63

0.09

0.55

3.30

6.74

Tata Liquid Fund-Reg(G)

6.90

0.12

0.55

3.28

6.70

DYNAMIC FUNDS

 Average Maturity 1 to 10 years.  Similar to Income funds, with greater flexibility to choose papers of different maturities, lower Average Maturity in a bear market and vice versa.

ULTRA SHORT TERM FUNDS

Scheme Name

 Average Maturity is 3 to 6 months  Suitable for short term fund parking.  Minor volatility in returns due to marking fund rates to market. Scheme Name

Absolute Return %

CAGR%

YTM


1 Month

6 Months

1Year

Franklin India Ultra Short Bond Fund-Super Inst(G)

8.94

0.74

0.73

3.55

8.09

DHFL Pramerica Low Duration Fund(G)

8.73

0.73

0.61

3.00

6.88

SBI Savings Fund-Reg(G)

8.05

0.56

0.62

2.82

6.40

UTI Treasury Advantage-Reg(G)

8.08

0.49

0.60

2.84

6.44

Absolute Return %

YTM


3Months

6 Months

1 Year

Axis Dynamic Bond Fund(G)

8.22

4.50

0.18

-0.38

4.63

ICICI Pru Dynamic Bond Fund(G)

8.28

7.21

-0.47

-0.94

5.26

IDFC Dynamic Bond Fund-Reg(G)

7.95

7.30

-0.61

-1.68

3.20

Aditya Birla SL Dynamic Bond Fund-Reg(G)

8.58

6.35

-1.13

-2.50

3.62

MONTHLY INCOME PLAN

 

Generally 80% of the portfolio is allocated into debt and 20% into equity. Preferred by conservative investors who want some allocation in equities. Absolute Return %

Scheme Name SHORT TERM FUNDS

Absolute Return %


6 Months

1 Year

3Years

Sundaram MIP-Aggr Plan(G)

8.09

2.68

0.57

7.38

8.97

CAGR%

Aditya Birla SL MIP II-Wealth 25(G)

7.53

5.50

-3.14

6.75

9.74

Reliance MIP(G)

8.75

4.49

-1.10

6.66

7.13

SBI Magnum MIP(G)

8.08

6.44

-1.25

5.11

8.64

YTM

Average Maturity years

3 Months

6 Months

1 Year

ICICI Pru Regular Savings(G)

9.90

1.91

1.42

2.35

6.95

L&T ST Income Fund-Reg(G)

8.81

1.37

1.31

2.62

7.43

Aditya Birla SL Treasury Optimizer Plan(G)

8.08

2.40

0.96

1.61

6.79

Reliance STF(G)

8.07

2.48

0.95

1.61

6.02


CAGR %

YTM

 Average maturity is 1 to 4 years.  Provides accrual returns plus capital appreciation.  Suitable for short term investment of around 3 years. Returns subject to volatility in market rates . Scheme Name

CAGR %

The schemes are listed in the above tables according to the position they hold in the quartile ranking for the month of March 2018 ( For ISIN refer Funds In Limelight) As a part of the scheme consolidation process undertaken by AMCs, the name as well as category of a few schemes is undergoing changes. This will fully reflect in recommendation from next month onwards.


33

FUNDS IN THE LIMELIGHT

Data as on 12.03.2018

The schemes are listed in the below table according to the position they hold in the quartile ranking for the month of March 2018

Equity Large Cap

CAGR %

Equity Flexi Cap

CAGR %

Scheme Name

Inception Date

Minimum Amount

NAV

1 Year

3 Years

5 Years

INF277K01956

Tata Ethical Fund(G)

24-May-96

5,000

158.28

20.27

5.71

16.75

INF251K01951

BNP Paribas Dividend Yield Fund(G)

15-Sep-05

5,000

46.43

19.22

9.53

17.90

INF200K01305

SBI Magnum Multiplier Fund-Reg(G)

28-Feb-93

5,000

210.46

18.32

9.84

19.71

INF194K01524

IDFC Classic Equity Fund-Reg(G)

9-Aug-05

5,000

44.35

18.56

10.29

14.97

15.69

INF677K01031

L&T Equity Fund-Reg(G)

16-May-05

5,000

81.08

17.93

7.84

17.11

7.47

14.93

INF209K01165

Aditya Birla SL Advantage Fund(G)

24-Feb-95

1,000

411.09

16.30

10.74

21.64

18.25

11.39

16.70

INF090I01981

Franklin India High Growth Cos Fund(G)

26-Jul-07

5,000

38.71

15.58

8.44

22.13

28.18

17.12

7.93

15.29

INF090I01205


2-Mar-05

5,000

78.08

13.79

7.43

17.59

47.65

21.57

8.81

15.16

1000

213.34

14.59

8.19

16.59

INF109K01AF8


16-Aug-04

1,000

142.56

11.66

6.45

20.65

8-Aug-07

5000

31.93

20.10

8.39

17.68

INF277K01428

Tata Equity Opportunities Fund(G)

25-Feb-1993

5,000

191.80

15.83

7.35

17.10

1-Aug-05

5000

128.85

16.43

6.89

15.94

INF903J01116 Sundaram Select Focus(G)

30-Jul-02

5000

163.88

22.72

7.47

13.38

INF194K0146 IDFC Focused Equity Fund-Reg(G)

16-Mar-06

5000

38.56

34.12

10.14

14.66

INF209K0146 Aditya Birla SL Top 100 Fund(G)

24-Oct-05

1000

56.09

13.63

8.11

17.06

INF789F01869 UTI Top 100 Fund(G)

20-May-09

5000

62.83

17.60

7.02

INF789F01786 UTI Bluechip Flexicap Fund(G)

20-Feb-06

5000

32.80

22.01

INF789F01976 UTI Mastershare(G)

3-Aug-05

100

113.63

INF251K0189 BNP Paribas Equity Fund(G)

23-Sep-04

5000

INF247L01155 MOSt Focused 25 Fund-Reg(G)

13-May-13

INF174K0115 Kotak 50(G)

ISIN Code

Inception Date

Minimum Amount

NAV

1 Year

3 Years

5 Years

INF205K0124 Invesco India Growth Fund(G)

9-Aug-07

5000

32.06

24.36

9.80

18.34

INF200K0118 SBI BlueChip Fund-Reg(G)

20-Jan-06

5000

37.52

15.85

9.06

17.42

INF109K01BL ICICI Pru Focused Bluechip Equity Fund

23-May-08

5000

39.49

17.95

9.00

16.45

INF846K01CH Axis Focused 25 Fund(G)

29-Jun-12

5000

25.28

24.51

10.98

16.69

INF205K0130 Invesco India Business Leaders Fund(G)

21-Aug-09

5000

27.08

17.89

7.65

INF846K0116 Axis Equity Fund(G)

5-Jan-10

5000

24.79

23.87

INF090I01296 Templeton India Growth Fund(G)

5-Sep-03

5000

262.69

INF205K0121 Invesco India Dynamic Equity Fund(G)

4-Oct-07

5000

INF174K0124 Kotak Classic Equity Scheme(G)

27-Jul-05

5000

INF209K01BR Aditya Birla SL Frontline Equity Fund(G)

30-Aug-02

INF204K0156 Reliance Top 200 Fund(G) INF789F01513 UTI Equity Fund(G)

ISIN Code

Scheme Name

Equity- Mid Caps

CAGR %

Scheme Name

Inception Date

Minimum Amount

NAV

1 Year

3 Years

5 Years

INF917K01254


9-Aug-04

5,000

140.22

25.99

16.70

28.79

15.55

INF760K01167

Canara Rob Emerg Equities Fund-Reg(G)

11-Mar-05

5,000

92.01

24.26

15.62

29.22

7.70

14.76

INF174K01DS9


30-Mar-07

5,000

39.24

18.48

14.42

25.48

16.17

6.08

14.71

56.18

19.36

13.93

25.79

5.85

15.96


5,000

17.28

INF179K01CR2

25-Jun-07

82.59

5000

20.87

16.61

7.93

0.00

INF173K01155

Principal Emerging Bluechip Fund(G)

12-Nov-08

5,000

105.36

24.16

14.88

26.64

5-Feb-03

5000

218.92

14.51

7.11

14.49

INF200K01370

SBI Emerging Businesses Fund-Reg(G)

11-Oct-04

5,000

130.36

26.69

11.80

18.31

INF090I01171 Franklin India Bluechip Fund(G)

1-Dec-93

5000

446.14

11.42

7.24

13.61

INF209K01LF3

Aditya Birla SL Pure Value Fund(G)

27-Mar-08

1,000

61.75

26.55

16.88

28.54

INF740K0153 DSPBR Focus Fund-Reg(G)

10-Jun-10

1000

22.20

14.23

7.25

16.22

INF174K01211

Kotak Midcap Scheme(G)

24-Feb-05

5,000

77.64

18.61

13.87

23.07

INF200K01271

SBI Magnum Global Fund-Reg(G)

30-Sep-94

5,000

169.62

21.44

7.56

20.59

Equity Flexi Cap

CAGR %

ISIN Code

Inception Date

Minimum Amount

NAV

1 Year

3 Years

5 Years

INF903J01173

Sundaram Select Midcap(G)

19-Jul-02

5,000

504.02

18.42

14.15

25.69

INF179K0142 HDFC Capital Builder Fund(G)

1-Feb-94

5,000

290.93

22.94

12.17

20.10

INF846K01859

Axis Midcap Fund(G)

18-Feb-11

5,000

33.01

25.83

8.61

20.94

INF205K0118 Invesco India Contra Fund(G)

11-Apr-07

5,000

45.55

25.74

12.27

22.37

INF200K0122 SBI Magnum Multicap Fund-Reg(G)

16-Sep-05

1,000

46.33

18.90

11.98

20.31

INF194K01342

IDFC Sterling Equity Fund-Reg(G)

7-Mar-08

5,000

54.55

30.83

12.98

21.20

INF277K0145 Tata Equity P/E Fund(G)

29-Jun-04

5,000.

136.63

22.43

14.34

23.19

INF200K01560


29-Mar-05

5,000

79.58

13.39

11.20

25.20

INF247L01478 MOSt Focused Multicap 35 Fund-Reg(G)

28-Apr-14

5,000

26.13

22.31

14.66

0.00

INF209K01AJ Aditya Birla SL Equity Fund(G)

27-Aug-98

1,000

700.51

16.53

12.02

21.27

Equity- Mid & Small Caps

INF174K0133 Kotak Select Focus Fund(G)

11-Sep-09

5,000

32.31

16.39

11.08

20.24

ISIN Code

Scheme Name

CAGR %

ISIN Code

Scheme Name

Inception Date

Minimum Amount

NAV

1 Year

3 Years

5 Years

INF200K01T28

SBI Small & Midcap Fund-Reg(G) *

9-Sep-09

5,000

56.75

44.64

23.48

35.16

13-Jan-06

5,000

59.51

22.37

15.12

29.44

3-Apr-08

5,000

44.65

40.62

19.38

23.86

INF173K0194 Principal Growth Fund(G)

25-Oct-00

5,000

142.57

25.80

13.40

20.89

INF173K01AC Principal Dividend Yield Fund(G)

15-Oct-04

5,000

51.55

26.59

12.29

15.79

INF677K0102 L&T India Value Fund-Reg(G)

8-Jan-10

5,000

36.75

19.34

14.40

24.99

INF090I01569


INF677K0109 L&T India Spl. Situations Fund-Reg(G)

22-May-06

5,000

49.22

22.45

10.34

18.53

INF179KA1RZ8

HDFC Small Cap Fund-Reg(G)

INF740K0109 DSPBR Opportunities Fund-Reg(G)

16-May-00

1,000

214.96

17.27

12.59

19.57

INF109K0176 ICICI Pru Dynamic Plan(G)

31-Oct-02

5,000

256.76

14.23

9.74

17.20

INF204K01HY3

Reliance Small Cap Fund(G)

16-Sep-10

5,000

44.10

35.16

21.15

34.89

INF090I01239 Franklin India Prima Plus Fund(G)

29-Sep-94

5,000

574.84

13.66

8.63

18.47

INF209K01EN2

Aditya Birla SL Small & Midcap Fund(G)

31-May-07

1,000

40.60

25.45

18.64

27.19

INF109K0161 ICICI Pru Multicap Fund(G)

1-Oct-94

5,000

273.30

13.04

10.17

18.23

INF090I01809

Franklin India Prima Fund(G)

1-Dec-93

5,000

968.10

19.12

12.84

25.17

INF174K0118 Kotak Opportunities Fund(G)

9-Sep-04

5,000

113.10

15.90

10.04

18.42

* Subscription Stopped



35

ELSS ISIN Code

CAGR % Scheme Name

Income Funds

Inception Date 10-Mar-08

Minimum Amount 500

NAV

1 Year

3 Years

5 Years

30.72

26.00

11.52

21.96

3-Oct-06

500

38.42

25.60

10.99

ISIN Code

Scheme Name

21.17

INF090I01445

Franklin India Income Opportunities Fund(G)

Franklin India IBA-A(G)

INF209K01108


INF209K01348

Aditya Birla SL Tax Plan(G)

INF846K01131


29-Dec-09

500

40.63

22.96

8.49

22.61

INF090I01DG6

INF194K01292

IDFC Tax Advt(ELSS) Fund-Reg(G)

26-Dec-08

500

56.80

29.83

11.79

20.80

INF677K01064

27-Feb-06

500

55.00

23.53

12.73

19.12

INF846K01BP2 Axis Regular Savings Fund(G)

2-Jan-01

500

17.84

27.68

17.74

0.00

INF205K01270

L&T Tax Advt Fund-Reg(G) MOSt Focused Long Term Fund-Reg (G) Invesco India Tax Plan(G)

29-Dec-06

500

47.80

19.95

9.19

19.84

INF179K01996

HDFC Long Term Adv Fund(G)

31-Mar-96

500

337.22

19.08

11.20

17.80

INF173K01361

Tata India Tax Savings Fund-Reg(DP)

31-Mar-96

500

74.94

21.34

11.92

20.04

INF173K01361

Principal Tax Savings Fund

21-Jan-15

500

209.49

25.39

13.25

20.83

INF740K01185


18-Jan-07

500

45.34

15.46

11.54

19.81

INF090I01775

Franklin India Taxshield(G)

10-Apr-99

500

539.03

12.39

7.70

17.88

INF109K01464

ICICI Pru LT Equity Fund (Tax Saving)(G) 19.08.1999

500

350.61

12.33

7.94

18.01

INF247L01544

Balanced Funds

CAGR %

0.82

3.13

8.39

2.56

0.82

2.75

7.72

5,000

8.94

2.30

0.75

2.46

7.94

500

9.56

2.63

0.80

2.49

6.83

5,000 10,000 5,000 1,000

9.48 9.20 8.24 8.47

2.24 2.29 1.19 3.33

0.70 0.69 0.62 0.73

2.50 2.35 2.86 1.79

6.82 6.87 6.67 6.96

INF789F01QZ1 UTI Income Opp Fund(G)

5,000

9.31

1.68

0.66

2.44

6.74

INF200K01719

5,000

8.42

2.86

0.65

1.77

7.24

INF251K01EP9 BNP Paribas Corp Bond Fund(G)

5,000

7.80

2.29

0.54

2.14

6.78

INF767K01535

LIC MF Income Plus(G)

5,000

6.81

1.19

0.44

2.31

5.84

INF760K01324 INF109K01365

Canara Rob Income-Reg(G) ICICI Pru Income(G)

5,000 5,000

7.58 8.24

5.88 8.65

0.73 0.62

-0.67 -1.38

4.04 5.31

INF204K01FQ3 Reliance Reg Savings Fund-Debt Option(G) INF174K01DY7 INF917K01130 INF903J01EU7 INF740K01557

Kotak Income Opportunities Fund(G) L&T Income Opportunities Fund(G) Sundaram Income Plus(G) DSPBR Bond Fund-Reg(G) SBI Regular Savings Fund(G)

5 Years

147.63

16.61

10.25

18.74


6-Jan-96

1,000

123.43

16.04

8.66

17.05

ISIN Code

Scheme Name

INF173K01CL8

Principal Balanced Fund(G)

14-Jan-00

5,000

74.28

23.55

13.10

17.35

INF109K01480

ICICI Pru Balanced Fund(G) ICICI Pru Balanced Advantage Fund (G)

3-Nov-99

5,000

127.22

13.81

10.65

17.90

INF090I01BP1

Franklin India Dynamic Accrual Fund(G)

30-Dec-06

5,000

33.13

12.01

8.95

14.19

INF109K01BH2 INF917K01LB0


7-Feb-11

5,000

25.79

15.48

9.51

18.13

INF204K01FW1

Reliance Reg Savings Fund-Balanced Option (G)

10-Jun-05

500

54.23

17.00

10.45

16.94

INF209K01BT5

Aditya Birla SL Balanced '95 Fund(G)

10-Feb-95

1,000

740.71

13.08

8.95

16.54

INF084M01AB8

Aditya Birla SL Balanced Advantage Fund (G)

25-Apr-00

1,000

49.88

7.73

9.58

12.88

INF090I01817

Franklin India Balanced Fund(G)

10-Dec-99

5,000

DEBT FUNDS

113.16

10.45

MIP

Average Maturity 6 Months Years

Minimum Investment

YTM

HDFC Multiple Yield Fund 2005(G)

5,000

6.70

0.13

INF209K01AZ4

Aditya Birla SL Monthly Income(G)

1,000

7.55

INF209K01728

Aditya Birla SL MIP II - Savings 5 Plan(G)

1,000

INF109K01902

ICICI Pru MIP 25(G)

INF903J01HB0

Sundaram MIP-Aggr Plan(G)

INF903J01HI5 INF740K01441 INF846K01693 INF789F01AA8 INF174K01393 INF209K01751 INF109K01555 INF090I01EA7 INF204K01FD1 INF200K01859

Sundaram Regular Savings Fund(G) DSPBR Regular Savings Fund-Reg(G) Axis Income Saver Fund(G) UTI MIS(G) Kotak MIP(G) Aditya Birla SL MIP II-Wealth 25(G) ICICI Pru MIP(G) Franklin India MIP(G) Reliance MIP(G) SBI Magnum MIP(G)

Scheme Name

INF179K01AP0


15.77

Data as on 19.03 2018 Absolute Return %

ISIN Code

7.44

CAGR % 1 Year

3 Years

2.77

7.65

8.53

0.77

2.48

8.44

8.66

9.93

2.28

1.63

7.49

8.85

5,000

9.36

4.97

0.06

8.25

9.13

5,000

8.09

2.68

0.57

7.38

8.97

5,000 1,000 5,000 1,000 5,000 1,000 5,000 10,000 5,000 5,000

8.00 8.36 8.22 8.75 8.40 7.53 9.77 8.50 8.75 8.08

1.14 3.72 1.50 5.31 4.41 5.50 4.81 3.43 4.49 6.44

2.54 0.13 0.67 0.09 -0.48 -3.14 -0.12 -0.01 -1.10 -1.25

6.75 6.97 7.85 6.64 6.25 6.75 6.15 5.70 6.66 5.11

8.84 8.10 6.58 7.70 8.70 9.74 7.52 6.93 7.13 8.64

Income-Dynamic

Absolute Return %

CAGR %

1 Month 3 Months

1 Year

Minimum Investment

YTM

Avg. Maturity Years

10,000

10.42

2.60

1.64

2.91

8.20

INF677K01916 L&T Flexi Bond Fund-Reg(G) INF174K01FA2 Kotak Flexi Debt Fund-Reg(G)

10,000 5,000

8.21 8.39

4.59 3.54

0.29 0.57

0.45 0.96

4.44 6.39

INF846K01917

5,000

8.22

4.50

0.18

-0.38

4.63

INF173K01AT5 Principal Dynamic Bond Fund(G)

5,000

8.13

6.37

-0.11

-0.33

4.09

INF663L01484

5,000

7.49

4.39

-0.29

-1.15

5.32

INF251K01DW7 BNP Paribas Flexi Debt Fund(G)

5,000

7.40

5.57

-0.26

-0.79

4.38

INF789F01JQ5 UTI Dynamic Bond Fund-Reg(G)

10,000

8.37

4.03

-0.45

-0.91

4.46

INF109K01CB3 ICICI Pru Dynamic Bond Fund(G)

5,000

8.28

7.21

-0.47

-0.94

5.26

INF740K01GK7 DSPBR Strategic Bond Fund-Reg(G)

1,000

7.56

3.68

-0.38

-1.34

3.17

INF194K01QG4 IDFC Dynamic Bond Fund-Reg(G)

5,000

7.95

7.30

-0.61

-1.68

3.20

INF209K01793

1,000

8.58

6.35

-1.13

-2.50

3.62

Axis Dynamic Bond Fund(G) DHFL Pramerica Dynamic Bond Fund(G)

Aditya Birla SL Dynamic Bond Fund-Reg(G)

Short Term funds

Absolute Return %

CAGR%

3 Months 6 Months

1 Year

Minimum Investment

YTM

Avg. Maturity Years

5,000 5,000

10.29 7.98

2.32 1.43

1.75 1.44

3.01 2.54

8.46 6.66

INF209K01MC8 Aditya Birla SL Savings-Ret(G)

1,000

8.01

0.76

1.64

3.04

7.35

INF109K01GU4 ICICI Pru Regular Savings(G)

10,000

9.90

1.91

1.42

2.35

6.95

INF109K01TP7 ICICI Pru Regular Income Fund(G)

5,000

9.41

0.90

1.65

2.89

7.01

INF223J01DT4 DHFL Pramerica Short Maturity Fund(G) INF917K01CL8 L&T Short Term Opportunities Fund-Reg(G)

5,000 10,000

8.70 8.00

2.03 1.41

1.18 1.34

2.09 2.19

6.91 6.30

INF209K01LQ0 Aditya Birla SL Cash Mgr Fund(G)

1,000

8.08

0.74

1.48

2.70

6.44

INF209K01785

Aditya Birla SL Short Term Fund(G)

1,000

8.05

1.92

1.20

2.13

6.85

L&T ST Income Fund-Reg(G)

10,000

8.81

1.37

1.31

2.62

7.43

INF251K01CX7 BNP Paribas ST Income Fund(G)

5,000

7.60

1.80

1.26

2.20

6.37

INF200K01HZ8 SBI Short Term Debt Fund(G)

5,000

0.00

0.45

1.19

1.94

6.14

INF179K01AY2 HDFC Regular Savings Fund(G)

5,000

8.76

1.74

1.25

2.11

6.30

ISIN Code

Scheme Name

INF090I01304 Franklin India ST Income Plan(G) INF179K01CU6 HDFC Short Term Opportunities Fund(G)

INF677K01452

%

1 Year

2.21

3 Years

INF200K01107

1 Month 6 Months

9.55

1 Year


Avg. Maturity Years

10.33

NAV

INF179K01392

YTM

5,000

Minimum Amount 5,000

Scheme Name

Minimum Investment

10,000

Inception Date 11-Sep-00

ISIN Code

Absolute Return % CAGR


37

Short Term Funds

Absolute Return %

CAGR%

Minimum Investment

YTM

Avg. Maturity Years

INF200K01HZ8 SBI Short Term Debt Fund(G)

5,000

7.85

1.84

1.19

1.94

6.14

INF109K01654

5,000

8.04

2.57

1.07

1.64

6.59

INF209K01LV0 Aditya Birla SL Treasury Optimizer Plan(G)

1,000

8.08

2.40

0.96

1.61

6.79

INF204K01FL4 Reliance STF(G)

5,000

8.07

2.48

0.95

1.61

6.02

ISIN Code

Scheme Name ICICI Pru Short Term Plan(G)

Ultra Short Term Funds

3 Months 6 Months

1 Year

YTM

Avg. Maturity Years

Franklin India Ultra Short Bond FundSuper Inst(G)

10,000

8.94

0.74

0.73

3.55

8.09

Franklin India Savings Plus Fund(G)

Scheme Name

INF090I01CN4 INF090I01CA1

1 Month 6 Months

1 Year

10,000

7.67

0.70

0.65

3.13

7.09

INF917K01AS7 L&T Ultra Short Term Fund(G)

10,000

7.74

0.51

0.70

3.07

6.81

INF194K01FU8 IDFC Ultra Short Term Fund-Reg(G)

5,000

7.72

0.84

0.71

2.99

6.99

INF173K01DG6 Principal Low Duration Fund(G)

5,000

8.62

0.98

0.68

3.06

7.12

INF846K01537

5,000

7.82

0.71

0.70

3.09

6.62

INF251K01DL0 BNP Paribas Money Plus Fund-Reg(G)

10,000

7.10

0.43

0.64

3.01

INF204K01EF9 Reliance Medium Term(G)

1,000

8.04

1.13

0.73

INF200K01MO2 SBI Ultra Short Term Debt Fund(G)

5,000

7.54

0.47

0.64

INF200K01U41 SBI Treasury Advantage Fund-Reg(G)

5,000

7.73

0.55

INF740K018P2 DSPBR Low Duration Fund-Reg(G)

1,000

7.79

INF663L01HV4 DHFL Pramerica Low Duration Fund(G)

5,000

8.73

INF174K01FD6 Kotak Treasury Advantage Fund(G)

5,000

INF677K01AE7 L&T Banking and PSU Debt Fund-Reg(G) INF760K01795

Canara Rob Savings Plus Fund-Reg(G)

INF200K01636


INF789F01331

UTI Treasury Advantage-Reg(G)

INF200K01636


Axis Treasury Advantage Fund(G)

Scheme Name

INF846K01412

Debt Funds

Large Cap Funds

40%

Small and Midcap Funds Thematic Funds

20% 20%

Income Funds

10%

Dynamic Bond Funds

10%

Category

Recommended Allocation

15%

6.87

Mid Cap Funds

15%

2.78

6.83

3.02

6.65

Income Funds

20%

0.68

2.96

6.58

Short Term Funds

10%

0.64

0.67

2.94

6.69

Dynamic Bond Funds

10%

0.73

0.61

3.00

6.88

7.95

0.46

0.63

2.96

6.71

10,000

7.81

1.67

0.80

2.15

6.91

5,000

7.50

0.75

0.64

2.88

6.70

500

8.05

0.56

0.62

2.82

6.40

1,00,000

8.08

0.49

0.60

2.84

6.44

500

7.93

233.60

0.46

2.62

6.19

Absolute Return % Minimum Investment

YTM

Avg. Maturity Years

1 Month 6 Months

CAGR%

1 Year

500

6.79

0.09

0.56

3.31

6.75

5,000

7.18

0.07

0.55

3.33

6.79

INF209K01RU9 Aditya Birla SL Cash Plus(G)

1,000

7.00

0.10

0.55

3.29

6.72

INF336L01BN7 HSBC Cash Fund(G)

10,000

7.01

0.08

0.55

3.29

6.73

INF204K01UN9 Reliance Liquid-Treasury Plan(G)

100

6.89

0.12

0.55

3.28

6.71

INF109K01TX1 ICICI Pru Money Market Fund(G)

500

6.90

0.09

0.56

3.27

6.69

10,000

6.63

0.09

0.55

3.30

6.74

INF109K01VQ1 ICICI Pru Liquid Plan(G)

500

6.83

0.10

0.55

3.26

6.67

INF277K01LQ7 Tata Liquid Fund-Reg(G)

5,000

6.90

0.12

0.55

3.28

6.70

INF194K01VX9 IDFC Cash Fund-Reg(G)

5,000

6.73

0.08

0.55

3.27

6.66

INF740K01FK9 DSPBR Liquidity Fund-Reg(G)

1,000

6.74

0.08

0.55

3.27

6.66

INF200K01MA1 SBI Premier Liquid Fund(G)

50,000

6.81

0.07

0.54

3.24

6.60

INF740K01QQ3 DSPBR Money Manager Fund-Reg(G)

1,000

7.55

0.37

0.59

2.90

6.19

INF200K01LJ4 SBI Magnum InstaCash Fund(G)

5,000

6.76

0.07

0.55

3.23

6.63

INF760K01CW9 Canara Rob Liquid Fund-Reg(G)

5,000

6.74

0.07

0.54

3.24

6.56

This portfolio is ideal for investors with high risk tolerance and those who wish to generate wealth over longer time horizon. Minimum investment horizon recommended is 10 years. The thematic funds could be replaced by sector funds or gold on opportunity basis.

Moderately Aggressive Portfolio*

Large Cap Funds

Axis Liquid Fund(G)


Equity Funds


30%

INF173K01DA9 Principal Cash Management Fund(G)

INF917K01JH1 L&T Liquid Fund(G)

Category

Multi Cap Funds

Liquid Funds ISIN Code

Aggressive Portfolio*

Absolute Return % CAGR% Minimum Investment

ISIN Code

MODEL PORTFOLIO FOR DIFFERENT CLASS OF INVESTORS

Equity Funds

Debt Funds

This portfolio has potential for higher long term risk adjusted return with downside protection aided by debt portfolio. Suited for investors with longer investment horizon of 7 years + or those who can shoulder higher volatility in returns.

Moderate Portfolio* Category

Debt Funds

Equity Funds


Income Funds

20%

Dynamic Bond Funds

30%

Short Term Funds

10%

Multi Cap Funds

40%

This portfolio is ideal for investors who are new to equity investments and those who want higher tax adjusted returns compared to fixed return investments. Ideal Investment horizon is 5 years+

Conservative Portfolio* Category

Debt Funds

Equity Funds


Short Term Funds

40%

Income Funds

20%

Dynamic Bond Funds

20%

Balanced Funds

20%

For investors who cannot afford high volatility in their portfolio and at the same time wish to earn returns better than Fixed deposits. Ideal Investment horizon is 3 years+

* Investors are classified in to 4 groups based on their risk tolerance level, age, objective of investment, time horizon for which they ready to park funds etc. Schemes could be chosen from our recommended list with respect to Its category. In case the investor finds that a fund is removed from the recommended list due to under performance, he/she may replace that fund with another one in the same category. Mutual Fund investments are subject to market risks, read all scheme related documents carefully before investing.


39

SIP Focus

Data as on 16.03.2018 3 Year @ Rs.5000 each 5 Year @ Rs.5000 each 10 Year @ Rs.5000 each

Scheme Name

Inv. Amount :Rs.180000/Present Return % value(Rs)

SIP FOCUS

Inv. Amount :Rs.300000/- Inv. Amount:Rs.600000/Present value(Rs)

Return %

Present value(Rs)

Return %

Scheme Name

3 Year @ Rs.5000 each

5 Year @ Rs.5000 each 10 Year @ Rs.5000 each

Inv. Amount :Rs.180000/- Inv. Amount:Rs.300000/- Inv. Amount :Rs.600000/-

Present value (Rs)

Return %

Present Return % value (Rs)

Present value (Rs)

Return %

Midcap

Large Cap Funds Invesco India Growth Fund(G)

2,25,896

15.77

4,57,136

17.15

13,54,649

15.67


2,45,197

21.76

5,79,428

27.11

19,52,299

22.49

Templeton India Growth Fund(G)

2,24,150

15.21

4,52,640

16.74

12,91,046

14.76

Reliance Top 200 Fund(G)

2,19,381

13.67

4,47,017

16.22

13,18,459

15.16

Canara Rob Emerg Equities Fund-Reg (G)

2,35,576

18.82

5,75,361

26.81

21,75,128

24.50

SBI BlueChip Fund-Reg(G)

2,13,019

11.58

4,40,210

15.59

13,36,695

15.42


2,32,458

17.84

5,51,478

25.01

17,68,177

20.64

ICICI Pru Focused Bluechip Equity Fund(G) 2,18,930

13.52

4,31,520

14.76

-

-


2,32,474

17.85

5,29,941

23.33

19,80,380

22.75

Aditya Birla SL Top 100 Fund(G)

2,11,796

11.17

4,27,761

14.40

13,12,223

15.07

Sundaram Select Midcap(G)

2,28,190

16.50

5,29,700

23.31

18,35,176

21.33

DSPBR Focus Fund-Reg(G)

2,08,545

10.08

4,27,668

14.39

-

-

Franklin India Prima Fund(G)

2,25,728

15.72

5,13,658

22.02

18,43,253

21.42

Aditya Birla SL Frontline Equity Fund(G) 2,12,478

11.40

4,26,830

14.31

13,19,376

15.17

11.89

5,00,693

20.94

17,42,899

20.38

ICICI Pru Top 100 Fund(G)

12.31

4,20,916

13.74

12,46,376

14.10


2,13,956

2,15,221

UTI Equity Fund(G)

2,11,205

10.98

4,19,152

13.57

12,84,411

14.67

Kotak 50(G)

2,08,958

10.22

4,14,267

13.08

11,55,516

12.68

Reliance Small Cap Fund(G)

2,64,432

27.43

6,66,104

33.10

-

-

BNP Paribas Equity Fund(G)

2,05,227

8.96

4,11,495

12.81

12,25,220

13.78


2,33,963

18.31

5,60,701

25.72

21,36,776

24.16

Franklin India Bluechip Fund(G)

2,06,141

9.27

4,04,759

12.13

11,74,023

12.98

Infrastructure Funds 23.90

5,54,460

25.24

13,77,929

15.99

2,31,592

17.57

5,29,780

23.32

-

-

L&T Infrastructure Fund-Reg(G)

2,52,343

L&T India Value Fund-Reg(G) Tata Equity P/E Fund(G)

2,39,178

19.93

5,22,112

22.70

16,05,900

18.85

Franklin Build India Fund(G)

2,22,808

14.78

5,13,364

21.99

-

-

Invesco India Contra Fund(G)

2,34,655

18.53

5,07,107

21.48

15,78,629

18.53

Aditya Birla SL Infrastructure Fund(G)

2,23,226

14.91

4,69,276

18.24

12,51,222

14.18

Aditya Birla SL Equity Fund(G)

2,25,226

15.56

4,81,494

19.31

14,48,920

16.93

SBI Magnum Multicap Fund-Reg(G)

2,23,163

14.89

4,78,832

19.08

13,83,082

16.06

IDFC Tax Advt(ELSS) Fund-Reg(G)

2,36,594

19.13

4,92,712

20.27

-

-

16.56

4,90,334

20.07

14,84,970

17.39

2,30,752

17.31

4,75,376

18.78

14,93,231

17.49


2,28,381

HDFC Capital Builder Fund(G)

15.79

4,77,646.16

18.98

14,64,199

17.12

2,17,773

13.14

4,75,256

18.77

14,11,877

16.44

Tata India Tax Savings Fund-Reg(DP)

2,25,954

Aditya Birla SL Advantage Fund(G)


2,17,085

12.92

4,68,955

18.21

-

-

Franklin India High Growth Cos Fund(G) 2,15,318

12.34

4,72,156

18.49

15,94,557

18.72


2,20,508

14.04

4,63,638

17.74

14,49,106

16.93

DSPBR Equity Opportunities Fund-Reg(G)

2,26,130

15.84

4,71,132

18.40

14,11,711

16.44

Invesco India Tax Plan(G)

2,19,300

13.64

4,59,429

17.36

14,79,188

17.31

Kotak Select Focus Fund(G)

2,20,368

13.99

4,66,067

17.95

-

-

Franklin India Taxshield(G)

2,07,935

9.88

4,33,527

14.96

13,81,523

16.04

L&T India Spl. Situations Fund-Reg(G)

2,27,287

16.21

4,64,542

17.82

14,55,215

17.01

ICICI Pru LT Equity Fund (Tax Saving)(G)

2,11,683

11.13

4,32,475

14.86

13,99,856

16.28

SBI Magnum Multiplier Fund-Reg(G)

2,19,190

13.61

4,60,641

17.47

14,06,675

16.37

Balanced Funds

Kotak Opportunities Fund(G)

2,19,082

13.57

4,53,160

16.79

13,33,799

15.38


2,18,603

13.42

4,51,412

16.63

14,55,285

17.01


2,05,174

8.94

4,46,920

16.21

16,58,752

19.45

ICICI Pru Balanced Fund(G)

2,19,143

13.59

4,44,485

15.99

13,91,704

16.17

ICICI Pru Multicap Fund(G)

2,15,783

12.49

4,45,194

16.05

13,33,559

15.37

Franklin India Prima Plus Fund(G)

2,11,577

11.10

4,43,485

15.89

13,86,282

16.10


2,13,759

11.83

4,41,361

15.70

-

-

IDFC Classic Equity Fund-Reg(G)

2,25,593

15.67

4,41,899

15.75

11,82,996

13.12

Aditya Birla SL Balanced '95 Fund(G)

2,11,777

11.17

4,30,716

14.69

13,09,960

15.04

ICICI Pru Dynamic Plan(G)

2,22,882

14.80

4,38,747

15.45

13,39,423

15.46


2,11,386

11.04

4,29,497

14.57

12,76,077

14.55


2,08,227

9.98

4,30,902

14.71

13,32,977

15.37

Franklin India Balanced Fund(G)

2,04,562

8.73

4,15,165

13.17

12,09,736

13.54

Tata Equity Opportunities Fund(G)

2,10,007

10.57

4,27,358

14.37

12,70,474

14.46

The above listed funds are taken from the first two quartiles of mutual fund analysis and ranked on the basis of 5 year SIP return.

Flexicap Funds


Mid &Small Caps

Equity Linked Savings Scheme


41

FUND FOCUS: April, 2018 Aditya Birla SL Equity Fund

FUND FOCUS: April, 2018

CATEGORY: Flexi Cap

Inception Date Benchmark NAV as on 19.03.2018

27.08.1998 S&P BSE 200 Rs. 684.19

Fund Manager

Mr. Anil Shah:- Mr.Shah is a B.com Graduate, CA and a cost accountant. He manages this fund since Oct 2012.

AUM as on FEB.2018 ( in Cr) Expense Ratio# Risk Status

Investment Dynamics

Scheme Performance

The Aditya Birla SL Equity fund is a Flexi cap fund which holds 95.53% of its portfolio in equity and 4.61% in debt. Out of its equity portfolio, the fund holds 70.61% in large cap stocks, 27.78% in mid cap stocks and 1.61% in small cap stocks. Even if the fund is a multi cap fund, the allocation towards large cap is more than 65% most of the time. The past history of the fund shows that it is an outperformer in the bull run than containing losses in the bear markets. This fund has outperformed its benchmark on almost all periods on a long term basis. The fund has generated an alpha of 4.5% in three years and 8.09% in five years over its benchmarks returns.

Period 6 Months

Returns -3.73

Rs. 8602.25 2.23 Moderately High

CATEGORY: Flexi Cap

SBI Magnum Multicap Fund Inception Date

16.09.2005

AUM as on Feb.2018 ( in Cr)

Rs. 4532.23

Benchmark

S&P BSE 500

Expense Ratio#

2.02

NAV as on 19.03.2018

Rs. 45.41

Risk Status

Moderately High

Fund Manager

Mr. Anup Upadhyay:- Mr. Upadhyay holds a B.Tech (Hons) degree and PGDM. He manages this fund since Feb 2017

Investment Dynamics Category

Scheme Performance Period

SIP Returns

-1.13

13.77

1 Year

10.50

14.31

18.49

3 Year

11.53

12.03

16.54

5 Year

21.55

24.64

19.59

10 Year

13.05

16.00

15.37

Since Inception

24.10

12.33

20.66

The SBI Magnum Multicap Fund is a flexi cap fund which holds 97.07% of its portfolio in equity and 3.78% in debt. In its equity portfolio, the fund holds 66.58% in Large cap stocks, 22.93% in Mid cap stocks and 10.49% in Small-cap stocks. This fund follows the market cap as same as the category average, while it has more tilt towards the Mid-caps than its peers. This fund was able to outperform its benchmark in almost all the periods. It was able to generate an alpha of 1.43% on three years, 3.82% in three years and 6.5% in five years over the benchmark returns.

Returns

Category

SIP Returns

6 Months

-1.41

-1.13

14.79

1 Year

13.57

14.31

16.97

3 Year

11.60

12.03

16.57

5 Year

20.45

24.64

19.06

10 Year

11.25

16.00

14.29

Since Inception

12.85

12.33

13.51

Portfolio Moves

Investment Strategy

Portfolio Moves

Investment Strategy

This fund holds a large portfolio of 78 Shares. The portfolio movement on the last month was comparatively low. The fund added Idea Cellular Ltd. and BPCL in to its portfolio. The fund has increased its holdings in Reliance Nippon Life Asset Management Ltd. (464%), Tata Chemicals Ltd. (55%), Tata Motors Ltd. (54%), HDFC Ltd( 28%), Bharti Airtel Ltd.(23%) etc, while the fund has reduced its holdings in Indian Oil Corporation Ltd.(-71%) etc.

The veteran large cap oriented multi cap fund follows blend style of growth and value style of investing. The fund management team searches for those businesses which offer visible and consistent earnings growth at a reasonable valuations and growth basis. The team also look for well-run businesses with no immediate triggers at a deep valuation. This fund is . The Banking- Private, Metal and Finance- NBFC are the top three suitable for a moderate investor who looks for a long term growth in his portfolio sector allocation in the fund. All the three sectors holds a neutral outlook .

The fund holds a large portfolio of 74 Shares. Last month the fund has seen only small portfolio moves. The fund has added Ashok Leyland Ltd, Elgi Equipments Ltd, Kajaria Ceramics Ltd and Torrent Pharmaceuticals Ltd. in its portfolio while it has exited from Atul Ltd and JSW Steel Ltd. The fund has also increased its holdings in Blue Star Ltd.(614%), Hindalco Industries Ltd(108%), Bajaj Finance Ltd.(76%) UFO Moviez India Ltd(75%)etc, while it has reduced its holdings in VA Tech Wabag Ltd.(-72%)and HCL Technologies Ltd.(-33%),

This performing Multi cap fund has shown an aggressive run in the last bull rally while it was able to conceive the down side movements. The fund management team hunts for value stocks with growth potential. This fund is suitable for a moderate costumer who is looking for capital appreciation on a long term. The fund holds Banking- Private, Finance-NBFC and IT-Software as the top three sector exposure. The Banking -Private and Finance-NBFC holds a neutral outlook while the IT-Software holds a positive outlook with future potential growth and attractive valuations .

Risk Reward Measures (%)

Top 10 Holding


Top 10 Holding

One year data

Category Range

Standard Deviation*

0.64

0.50 - 0.94

Sharpe**

0.07

0.02 - 0.11

Information Ratio***

0.00

-0. 06 - 0.09

*

Measures the risk, lower the better.

**

Measures the excess return (over risk free rate) per unit of risk, higher the better.

***

#

Measures the consistency of a fund manager in beating the benchmark, higher the better.

The expense ratio is the total fee charged by the fund. It is expressed as a percentage of total assets.


Sector Wise

(%)

Company Wise

(%)

Bank - Private

16.5

HDFC Bank Ltd.

5.68

Metal - Non Ferrous

6.6

ICICI Bank Ltd

5.18

Finance - NBFC

6.3

Vedanta Ltd.

4.51

Finance - Investment

5.9

ITC Ltd.

3.94

IT - Software

5.8

Tata Chemicals Ltd.

3.87

Household & Personal Products

5.4

Tele communication Service Provider

5.1

Cigarettes/Tobacco

3.9

Tata Communications Ltd.

2.66

Fertilizers

3.9

Dabur India Ltd.

2.42

Pharmaceuticals & Drugs

Maruti Suzuki India Ltd. Hindustan Unilever Ltd.

3.03

One year data Standard Deviation*

0.65

0.50 - 0.94

Sharpe

0.09

0.02 - 0.11


-0.02

-0. 06 - 0.09

*


**


***


3.01

#

3.7

IndusInd Bank Ltd.

2.33

Category Range


Sector Wise

(%)

Company Wise

(%)

Bank - Private

14.8

HDFC Bank Ltd.

7.03

Finance - NBFC

10.4

Infosys Ltd.

3.77

IT - Software

9.0

Indian Oil Corporation Ltd.

3.35

Household & Personal Products

4.4

ICICI Bank Ltd.

2.90


4.4

Kotak Mahindra Bank Ltd.

2.89

Refineries

4.2

Bharti Airtel Ltd.

2.44

Cement & Construction Materials

3.3

Gujarat State Petronet Ltd.

2.24

Consumer Food

3.3

Tech Mahindra Ltd.

2.23

Engineering - Construction

3.2

Colgate-Palmolive (India) Ltd.

2.22

Automobiles - Passenger Cars

3.1

Equitas Holdings Ltd.

2.10


47

PAN - INDIA OFFICE NETWORK : NEW NUMBERS

FUND FOCUS: April, 2018 CATEGORY: Mid Cap

Principal Emerging Blue-chip Fund Inception Date

12.11.2008

AUM as on Feb.2018 ( in Cr)

Rs. 1666.11

Benchmark

Nifty Free Float Midcap 100

Expense Ratio#

2.38

NAV as on 19.03.2018

Rs. 103.28

Risk Status

Moderately High

Fund Manager

Mr. Dhimant Shah:- Mr. Shah holds a B.Com (H) and Chartered Accountant. He manages this fund Since June 2011

Investment Dynamics

Scheme Performance

The Principal Emerging Blue-chip Fund is a mid cap fund with 96.78% exposure towards stocks, 0.4% in debt and 2.82% in to cash. In its equity portfolio, this fund holds 38.05% in Large-cap Stocks, 49.41% in Mid-Cap Stocks and 12.54% in Small-cap stocks. This fund has relatively higher weightage toward Large-cap stocks when comparing to its peers. This performing mid cap has beaten its bench mark in almost all the periods. The out performance of the fund is clearly visible on the alpha creation of this fund. The fund was able to generate an alpha of 6.49% on one year, 1.83% in three years and 8.45% in five years.

Period

Returns

Category

SIP Returns

6 Months

5 Year

-1.72 17.57 14.12 26.85

-1.39 12.72 9.04 18.01

19.39 23.43 21.16 24.97

10 Year

-

12.31

-

28.35

13.02

22.62

1 Year 3 Year

Since Inception

Portfolio Moves

Investment Strategy

The fund holds a very large portfolio of 90 stocks. Last month showed a very high movement on the fund portfolio where the fund added Interglobe Aviation Ltd, ITC Ltd, Mahindra & Mahindra Ltd and Sterlite Technologies Ltd, while the fund has exited from Kridhan Infra Ltd and PC Jeweller Ltd. The fund has also increased its holdings in The Ramco Cements Ltd(100%), Galaxy Surfactants Ltd (95%) SP Apparels Ltd(22%), Dalmia Bharat Ltd(22%) etc, while it has reduced its holdings in Birla Corporation Ltd.(-20%), HUDCO(-15%) etc.

This outperforming Mid-cap fund was able to beat its benchmark even when its peers were struggling. The fund management team hunts companies which can give a sustainable growth rate in the coming two or three years. The team also looks for firms with a good management track record and an attractive valuation. This fund is suitable for a moderate as well as an aggressive investor who are looking for a long term investment. The fund holds Bank - Private, Finance - NBFC and Chemicals as the top three sectors. The Banking-Private and FinanceNBFC hold a neutral outlook while the Chemical industry holds a positive outlook.


Top 10 Holding Sector Wise

(%)

Bank - Private

9.5

Eicher Motors Ltd.

2.47

Finance - NBFC

4.5

Britannia Industries Ltd.

2.37

Chemicals

3.7

IndusInd Bank Ltd.

1.82

Engineering - Industrial Equipments

3.6

AIA Engineering Ltd.

1.77


3.4

ICICI Bank Ltd.

1.64

Consumer Food

3.4

Petronet LNG Ltd.

1.57


Other

3.3

Navin Fluorine International Ltd.

1.55

Plastic Products

3.2

MRF Ltd.

1.55


Industrial Gases & Fuels

3.1

Indraprastha Gas Ltd.

2.40

Diversified

2.9

KEC International Ltd.

1.52

One year data

Category Range

Standard Deviation*

0.80

0.67 - 1.04

Sharpe

0.09

0.02 - 0.12


0.04

-0. 04 - 0.07

*


**


***

#


Company Wise

(%)

ANDHRA

PRADESH-BRANCH: Ananthapur:8367782845; Bhimavaram:8367782852; Chirala:8367782859; Chittoor :8367782853; Gajuwaka Main Road:8367782844; Governorpet:8367782876; Guntur:8367782850; Kadapa:8367782869; Kakinada:8367782871; Kurnool Branch:8367782841; Nandyal:8367782842; Narasaraopet:8367782872; Nellore:8367782860;Ongole:8367782862; Rajahmundry:8367782858; Station Road - Kavali :8367782843; Tenali:8367782863; Tirupati:8367782866; Vijayanagaram:8367782874; Vijayawada:8367782854; Visakhapatnam:8367782870; BIHAR-BRANCH: Patna Branch:8227098040; CHANDIGARH-BRANCH: Chandigarh:7527053404; GOA-BRANCH: Margao:8669626344; GUJARAT-BRANCH: Ahmedabad - Motera:7096065609; Ahmedabad - Shahibaug:7096065603; Ahmedabad Ambavadi:7096065601; Anand Branch:7096065613; Bharuch:7096065602; Jamnagar:7096065607; Junagadh:7096065606; Karelibaug - Vadodara:7096065608; Navsari:7096065612; Rajkot - Moti Tanki Chok:7096065604; Surat - Empire State Bldg:7096065610; Vadodara - R C Dutt:7096065611; Valsad Branch:7096065605; HARYANA-BRANCH: Gurgaon:7835002371; Faridabad:7835002374; JAMMU AND KASHMIR-BRANCH: Jammu: 9055503053; JHARKHAND - BRANCH: Dhanbad:8227098041; Jamshedpur:8227098043; Ranchi:8227098042; KARNATAKA-BRANCH: Bagalkot:9071392615; Banashankari:9071392609; Bangalore - Museum Road,:9071392595; Basavangudi:9071392629; Belgaum:9071392606; Bellary:9071392591; Bhatkal:9071392622; Bidar:9071392588; Bijapur:9071392599; Chickmagalur:9071392601; Chitradurga:9071392600; Davangare:9071392613; Dharwad:9071392589; Frazer Town:9071392593; Gadag:9071392604; Gulbarga Town:9071392632; Hal Airport Road:9071392587; Hassan:9071392605; Hsr Layout:9071392585; Hubli:9071392608; Indiranagar:9071392596; Jayanagar:9071392597; Koramangala:9071392612; Majestic:9071392582; Malleswaram:9071392598; Mangalore:9071392618; Mangalore City:9071392619; Mercara:9071392620; Mysore - Saraswathipuram:9071392621; Mysore - V V Mohalla:9071392627; Raichur:9071392623; Rajaji Nagar:9071392610; Rajarajeshwari Nagar:9071392611; Shimoga:9071392626; Tumkur:9071392625; Udupi Town:9071392580; Whitefield:9071392583; FRANCHISEE: Ankola:9071392634;Banashankari Bda Complex:9071392633;Btm Layout , Bangalore:9071392641; Channarayapatna:9071392640; Gangavati:9071392643; Gulbarga:9071392644; Honavar:9071392645; Jalahalli Cross:9071392647; Jayanagar 9th Block:9071392646; Kammanhalli:9071392639; Kengeri Satellite Town:9071392635; Koppal:9071392648; Kushal Nagar, Manglore:9071392649; Mangalore Town:9071392660; Marathahalli:9071392638; New Bel Road:9071392651; Puttur:9071392655; R T Nagar:9071392652; Sahakara Nagar - Bangalore:9071392636; Sarjapur Road:9071392653; Sharadadevi Nagar -Mysore:9071392637; Udupi:9071392654; Vidyaranyapura - Bangalore:9071392642; Vijayanagar:9071392659; Yelahanka:9071392661; KERALA-BRANCH: Alapuzha:8111990250; Alwaye:8111990247; Anchal:8111990291; Angamaly Branch:8111990306; Attingal-Trivandrum:8111990242; Calicut:8111990251; Calicut Nadakkavu:8111990296; Chalakudy:8111990246; Changanacherry:8111990243; Chentrapinni:8111990279; Chittur-Palakkad:8111990265; Edapal:8111990285; Edappally:8111990248; Erattupetta:8111990293; Guruvayoor:8111990259; HEAD OFFICE: 8111990263; Infopark - Kochi:8111990266; Irinjalakuda:8111990252; Kaduthuruthy:8111990298; Kaloor:8111990244; Kaloor Mes Building:8111990238; Kanhangad Branch:8111990240; Kanjirapally:8111990271; Kannur:8111990245; Kannur - Fortlight:8111990276; Kasaragod:8111990269; Kattappana:8111990270; Kochi:8111990257; Kochi,Market Road, (Near Banerji Road Jn.):8111990262; Kolenchery:8111990268; Kollam:8111990256; Kollam 2 - Chinnakkada:8111990310; Kottakkal:8111990249; Kottayam - K K Road:8111990253; Kottayam - Nagampadom:8111990312; Kottiyam:8111990267; Kozhikode:8111990261; Mala:8111990275; Malappuram:8111990311; Mallappally:8111990305; Manjeri:8111990272; Mattancherry:8111990277; Muvattupuzha Branch:8111990292; Neyyattinkara:8111990280; Nilambur:8111990278; Pala:8111990273; Palakkad:8111990254; Palakkad Stadium Byepass Road:8111990309; Palarivattom:8111990281; Pathanamthitta:8111990255; Payyannur Branch:8111990308; Piravom:8111990236; Ponnani:8111990282; Sulthan Bathery:8111990284; Talasserry:8111990289; Techno Park Tvm:8111990287; Thamarasseri:8111990241; Thiruvalla:8111990274; Thiruvananthapuram:8111990288; Thrissur - Punkunnam:8111990239; Thrissur - Round North:8111990290; Thrissur - Round South:8111990258; Trissur - Kokkalai:8111990286; Trivandrum Karamana:8111990283; Trivandrum, Main Road, Kowdiar:8111990264; Vadakencherry:8111990307; Valanchery Kozhikode:8111990295; Varkala:8111990294; Vatakara Branch:8111990237; Vytilla:8111990297; Wadakanchery:8111990260; FRANCHISEE: Adoor:8111990337; Alathur- Palakkad:8111990332; Ambalapuzha:8111990335; Angamaly - Church Junction:8111990321; Athirampuzha:8111990328; Ayyappankavu - Ernakulam:8111990331; Bank Junction - Aluva:8111990345; Calicut - Malabar Gate:8111990340; Chavakkad:8111990392; Chengannur:8111990371; Cherpu:8111990342; CherpulasseryTrichur:8111990339; Cherthala:8111990338; Civil Station Calicut:8111990395; Edapally- Bank Junction:8111990334; Elamakkara:8111990322; Eranakulam - Kadavanthara:8111990349; Ettumanur:8111990358; Haripad:8111990359; Irinjalakuda - Chanthakunnu:8111990396; Iritty:8111990355; Kakkanad:8111990361; Kalamassery:8111990344; Kaloor Katrikadavu:8111990397; Kalpetta:8111990357; Kanhangad:8111990360; Kannur Town:8111990364; Karukachal:8111990363; Karunagappally:8111990365; Kodakara:8111990323; Kodungallur:8111990387; Konny:8111990372; Koonammavu:8111990315; Koothattukulam:8111990367; Kothamangalam:8111990346; Kottarakara:8111990350; Kozhencherry:8111990366; Kumbanad:8111990317; Kunnamkulam-Harvest:8111990362; Kurisumood:8111990314; Manjapra:8111990324; Mannarkkad:8111990369; Mavelikara:8111990368; Mukkam:8111990393; Muvatupuzha:8111990352; Nemmara:8111990320; North Irinjalakuda:8111990354; North Paravur:8111990370; Ottappalam:8111990353; Palakkad - Chittur Road:8111990330; Palakkad Jrs:8111990356; Panampilly Nagar:8111990313; Pandalam:8111990351; Pathanapuram:8111990376; Pattam:8111990377; Pattambi:8111990374; Payyannur:8111990378; Penta Menaka:8111990375; Perinthalmanna:8111990373; Perumbavoor:8111990347; Punalur:8111990327; Quilon Ashramam:8111990379; Ravipuram:8111990381; Shornur:8111990382; Thaliparamba:8111990341; Thaliparamba Bazar:8111990384; Thiruvananthapuram Vanchiyoor:8111990398; Thiruvankulam:8111990329; Thodupuzha:8111990388; Thriprayar:8111990394; Thrissur - KuriachiApril 5, 2018 I Geojit Insights I

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ra:8111990318; Thrissur - M.G.Road:8111990389; Thrissur Ambaloor:8111990383; Thrissur Harvest:8111990385; Tirur:8111990386; Tripunithura:8111990348; Trivandrum Kumarapuram:8111990326; Trivandrum - Sasthamangalam:8111990325; Trivandrum, East Thampanoor:8111990316; Vadanappilly:8111990390; Vaikom:8111990343; Vatakara:8111990391; Vazhakkala:8111990319; Vazhuthacaud Trivandrum:8111990336; Vengara:8111990380; MADHYA PRADESH-BRANCH: Bhopal:6262001755; Indore - Sapna Sangeeta:6262001757; Indore - Y N Road:6262001752; Jabalpur:6262001754; Rewa:6262001751; Sagar - Civil Lines (Mp):6262001756; Ujjain:6262001753; FRANCHISEE: Khandwa:6262001758; MAHARASHTRA-BRANCH: Ahmednagar:8669626327; Andheri East:8422828105; Andheri West:8422828106; Aurangabad:8669626321; Bandra:8422828107; Borivili:8422828110; Chembur:8422828108; Dadar - Prabhadevi:8422828109; Dhule:8669626322; Fort Mumbai:8422828112; Ghatkopar - West:8422828122; Goregaon:8422828113; Jalgaon Branch:8669626326; Kalyan - Dombivili:8422828117; Kandivali East:8422828114; Karad:8669626334; Kolhapur:8669626339; Mulund:8422828116; Mumbai - Vileparle:8422828119; Mumbai-Powai:8422828118; Nagpur:8669626328; Nanded:8669626324; Nasik:8669626330; Nasik Road:8669626329; Nerul:8422828115; Pune Camp:8669626332; Pune Chinchwad:8669626337; Pune Deccan:8669626323; Pune Marketyard:8669626338; Ratnagiri:8669626325; Sangli:8669626340; Satara:8669626336; Sholapur:8669626331; Sion:8422828121; Thane:8422828124; Ulhasnagar:8669626335; Vashi:8422828120; Zaveri Bazar:8422828123; FRANCHISEE: Diamond Garden , Chembur:8422828125; Fort - 2:8422828126; Ghatkopar West - Rajshree Plaza:8422828131; Kolhapur City:8422828130; L&T Capital Markets Limited:8422828128; Malad:8422828129; Nanded - Shivaji Nagar:8669626341; Nasik- Kalidas Kalamandir Road:8669626342; Thane West:8422828127; NEW DELHI-BRANCH: Connaught Place:7835002378; Janakpuri:7835002376; Kondli:7835002375; Mayur Vihar:7835002372; Nehru Place:7835002373; New Delhi:7835002377; Pitampura:7835002379; FRANCHISEE: Delhi- East Patel Nagar:7835002383; Lajpat Nagar:7835002380; Old Delhi:7835002381; South Delhi:7835002382; ORISSA-BRANCH: Berhampur:7377979531; Bhubaneshwar - Janpath:7377979535; Cuttack:7377979530; Rourkela:7377979532; Sambalpur:7377979534; PUNJAB-BRANCH: Amritsar:7527053401; Bhatinda:7527053402; Jalandhar:7527053405; Ludhiana:7527053400; Patiala:7527053403; RAJASTHAN-BRANCH: Ajmer:8440047111; Bhilwara:8440047117; Bikaner:8440047110; Jaipur:8440047113; Jodhpur:8440047112; Kota:8440047115; Sikar:8440047114; Udaipur:8440047116; FRANCHISEE: Jaipur - Jda Market: 8440047118; TAMILNADU-BRANCH: Adayar:7448831630; Anna Nagar:7448831631; Anna Nagar - Madurai:7448831681; Ashok Nagar:7448831632; Avadi:7448831652; Blue Star Anna Nagar:7448831633; Chengelpet:7448831659; Chennai - T Nagar:7448831636; Chennai,Poonamalle High Road:7448831648; Chidambaram:7448831651; Coimbatore:7448831634; Coimbatore-Ramanathapuram:7448831649; Coimbatore-Ramnagar:7448831672; Coonoor:7448831637; Devakottai:7448831668; Dharmapuri, Coimbatore: 7448831641; Dindigal:7448831639; Egmore:7448831635; Erode:7448831645; Erode Brough Road Coimbatore:7448831643; George Town:7448831638; Gobichettipalayam:7448831690; Guindy: 7448831682; Hosur:7448831667; Kanchipuram:7448831653; Karur:7448831657; Karur 2:7448831693; Karur 3:7448831688; Krishnagiri:7448831646; Kumbakonam:7448831680; M C Road - Royapuram: 7448831629; Madurai -K K Nagar:7448831640; Marthandam:7448831642; Metha Nagar - Nelson Manickam Road: 7448831686; Mettuppalayam:7448831660; Mettur:7448831644; Mint Street - Sowcarpet: 7448831662; Nagercoil Branch:7448831665; Namakkal Branch:7448831663; Neyveli: 7448831628; Nunganbakkam:7448831664; Perambur:7448831691; Pudukkottai:7448831669; R.A Puram, Chennai:7448831673; Rajapalayam:7448831647; Salem:7448831674; Sivakasi:7448831654; Srirengam-Trichy:7448831675; T.Nagar (Internet Trading It):7448831677; Thanjavur:7448831656; Theni: 7448831678; Thiruvallur:7448831655; Tiruchengode:7448831626; Tirunelveli:7448831658; Tiruvannamalai: 7448831695; Tnagar Usman Road:7448831679; Town Hall - Coimbatore: 7448831687; Trichy: 7448831676; Trichy 2:7448831650; Trichy 3 - Cantonment:7448831689; Vadapalani: 7448831684; Velachery - South Chennai:7448831694; Vellore:7448831683; Vepery: 7448831670; Villupuram:7448831685; Virudhunagar:7448831671; FRANCHISEE: Adambakkam:7448831714; Ambattur:7448831696; Annanagar-West:7448831711; Besant Nagar: 7448831697; Bhavani:7448831698; Chennai - A R.Vr.I.F.Towers,St. Xavier Street:7448831718; Madurai East:7448831703; Mayiladuthurai:7448831715; Mylapore:7448831702; Nanganallur: 7448831705; Parrys:7448831701; Pondichery:7448831707; Purusawalkam Chennai:7448831706; Tambaram West:7448831710; Tirupur:7448831708; Tuticorin:7448831709; Washermanpet:7448831713; West Mambalam:7448831712; TELANGANA-BRANCH: A S Rao Nagar - Hyderabad:8367782864; Ameerpet - Hyderabad:8367782848; Banjara Hills:8367782857; Begum Bazar:8367782846; Dilsukh Nagar:8367782847; Habsiguda:8367782875; Hitech City - Hyderabad:8367782873; Hyderabad - Himayat Nagar:8367782851; Karimnagar - Hyderabad:8367782861; Khammam:8367782867; Kukatpally Branch:8367782840; Mahbub Nagar:8367782868; Mehdipatanam:8367782849; Nizamabad:8367782877; P G Road Secunderabad - Branch:8367782856; Santhosh Nagar Branch:8367782865; Warangal - Hyderabad:8367782855; FRANCHISEE: Adilabad - Cinema Road:8367782878; UTTAR PRADESH-BRANCH: Agra:7055219802; Allahabad:8685988805; Bareilly:7055219803; Dehradun Branch:7055219804; Ghaziabad - Rdc Raj Nagar:7835002386; Gorakhpur:8685988802; Indirapuram:7835002384; Kanpur Branch:8685988803; Lucknow - Branch:8685988801; Meerut:7055219801; Moradabad:7055219800; Noida Branch:7835002385; Vaishali:7835002387; Varanasi:8685988804; WEST BENGAL-BRANCH: Asansol:9062205861; Barasat:9062205865; Behala:9062205863; Camac Street, Kolkata:9062205860; Gariahat:9062205862; Princep Street:9062205866; Siliguri:7377979533; Tegoria:9062205864. April 5, 2018 I Geojit InsightsI 50