Mutual Fund insight

Mutual Fund Industry Facts After 5 continuous month of setting new ‘All-time High’, the Mutual Fund Industry AUM came in at 16.46 tn, a mere 36.74bn less than previous months 16.50tn.

Mutual Fund Industry Facts Barring a few, AUM fell across categories as outflows combined with negative run-in in the equities market weighed on the values. All the categories has seen inflows in month of dec’16 barring Debt funds (Income+Gilt). Income Fund category saw a outflow of 331.82 bn, a level last seen in Dec’10, as waning hopes of rate cut weighed on sentiments. While Gilt Fund category also saw a outflow of 11.9 bn as against inflows of 8.9 bn in the previous month. Disclaimer: Suitability depends on the clients own Risk  profile and the investor should consult his/her Doctor (Financial Advisor) for advice.

AMC Assets Quarterly AMC Average AUM Total 169,234,459 160,975,866 Oct-Dec-16 Jul-Sep-16 Sr No. Mutual Fund Month End AUM (Cr) Chg % Chg 1 ICICI Prudential MF 22,798,879 21,598,585 1,200,294 5.6 22 HSBC MF 867,006 850,274 16,733 2.0 2 HDFC MF 22,182,451 21,308,614 873,837 4.1 23 IDBI MF 776,128 812,836 (36,708) (4.5) 3 Reliance MF 19,584,543 18,312,886 1,271,658 6.9 24 Motilal Oswal MF 713,121 639,295 73,826 11.5 4 Birla Sun Life MF 18,080,833 16,888,081 1,192,752 7.1 25 Edelweiss MF 682,625 225,563 457,063 202.6 5 SBI MF 14,099,693 13,155,442 944,251 7.2 26 Mirae Asset MF 634,330 523,545 110,785 21.2 6 UTI MF 12,938,938 12,733,321 205,617 1.6 27 BNP Paribas MF 603,229 606,872 (3,643) (0.6) 7 Kotak Mahindra MF 8,213,506 7,038,706 1,174,801 16.7 28 PRINCIPAL MF 486,767 513,617 (26,850) (5.2) 8 Franklin Templeton MF 7,578,268 7,366,613 211,655 2.9 29 Union MF 305,569 338,650 (33,081) (9.8) 9 DSP BlackRock MF 5,835,712 4,985,154 850,558 17.1 30 BOI AXA MF 289,601 363,589 (73,989) (20.3) 10 IDFC MF 5,799,766 5,665,626 134,140 2.4 31 Taurus MF 233,944 266,342 (32,398) (12.2) 11 Axis MF 4,928,055 4,717,923 210,132 4.5 32 Mahindra MF 145,660 94,988 50,672 53.3 12 Tata MF 3,827,076 3,969,109 (142,034) (3.6) 33 Peerless MF 94,572 97,088 (2,515) (2.6) 13 L&T MF 3,519,101 3,266,665 252,436 7.7 34 Quantum MF 85,785 80,566 5,220 6.5 14 Sundaram MF 2,701,300 2,669,988 31,311 1.2 35 PPFAS MF 67,561 66,767 793 15 DHFL Pramerica MF 2,480,727 2,447,292 33,435 1.4 36 IIFL MF 42,354 37,036 5,318 14.4 16 Invesco MF 2,361,686 2,256,037 105,648 4.7 37 IIFCL MF (IDF) 39,893 38,837 1,056 2.7 17 LIC MF 1,802,204 1,645,271 156,933 9.5 38 Escorts MF 28,649 29,490 (841) (2.9) 18 JM Financial MF 1,352,189 1,361,213 (9,025) (0.7) 39 Sahara MF 6,694 7,951 (1,257) (15.8) 19 Baroda Pioneer MF 1,078,523 1,170,262 (91,739) (7.8) 40 Shriram MF 3,766 4,315 (549) (12.7) 20 Indiabulls MF 1,022,652 673,129 349,523 51.9 41 Goldman Sachs MF - 709,866 (709,866) (100.0) 21 Canara Robeco MF 941,105 931,982 9,123 1.0 42 JPMorgan MF 506,481 (506,481)   Total 169,234,459 160,975,866 8,258,593 5.1 Disclaimer: Suitability depends on the clients own Risk  profile and the investor should consult his/her Doctor (Financial Advisor) for advice.

Consolidated Sector Exposure Sector Exposure in Equity Oriented Funds Dec-16 Nov-16 Industry Market Value (Cr.) % of Total Equity Financial Services 121,859 27.9% 123,409 28.1% Automobile 44,685 10.2% 45,445 10.3% Energy 39,019 8.9% 39,163 IT 38,900 37,286 8.5% Consumer Goods 35,910 8.2% 35,233 8.0% Pharma 34,317 7.9% 36,021 Industrial Manufacturing 27,142 6.2% 27,653 6.3% Construction 23,199 5.3% 23,124 Cement & Cement Products 14,298 3.3% 14,990 3.4% Services 12,369 2.8% 12,948 2.9% Metals 11,665 2.7% 11,700 Chemicals 7,380 1.7% 7,201 1.6% Fertilisers & Pesticides 7,192 6,933 Media & Entertainment 5,948 1.4% 6,094 Telecom 5,487 1.3% 5,562 Textiles 5,231 1.2% 5,095 Healthcare services 1,599 0.4% 1,629 Paper 236 0.1% 250 Miscellaneous 6 0.0% Total 436,441 100% 439,743 *Pink colour shows decrease in sector exposure while Green shows increase in exposure ** In this report only Equity oriented schemes are taken into account We have not witnessed any major sector rotation in the month of Dec’16. Financial Services is still on top with the highest exposure of ~28% of equity oriented fund’s AUM. While Automobile and Energy held its 2nd and 3rd position. Disclaimer: Suitability depends on the clients own Risk  profile and the investor should consult his/her Doctor (Financial Advisor) for advice.

Popular 20 Stocks Stocks held by most of the Equity schemes Dec-16 Company Name Total Schemes Total shares held Sum of market value (Rs. in Crs.) No. of schemes having exposure >5% & <10% No. of schemes having exposure >10% HDFC Bank Ltd. 256 202,925,274 24,476 184 12 ICICI Bank Ltd. 236 610,249,891 15,580 62 5 Infosys Ltd. 222 144,268,045 14,580 89 6 State Bank of India 203 535,971,507 13,410 44 2 Maruti Suzuki India Ltd. 17,035,285 9,062 29 1 Sun Pharmaceuticals Ind 198 111,147,151 7,002 14 3 Larsen & Toubro Ltd. 193 87,207,732 11,765 22 -- IndusInd Bank Ltd. 191 61,058,808 6,765 23 Axis Bank Ltd. 183 140,713,935 6,331 17 ITC Ltd. 182 281,261,803 6,796 39 Dec-16 Company Name Total Schemes Total shares held Sum of market value (Rs. in Crs.) No. of schemes having exposure >5% & <10% No. of schemes having exposure >10% Kotak Mahindra Bank Ltd. 170 82,430,674 5,932 14 1 Tata Motors Ltd. 159 100,598,379 4,748 8 -- Reliance Industries Ltd. 67,326,995 7,287 48 HDFC Ltd. 153 40,393,067 5,100 32 HCL Technologies Ltd. 148 71,051,599 5,883 15 Yes Bank Ltd. 141 39,740,041 4,596 9 Power Grid Corp of India 140 220,400,046 4,044 2 Tata Consultancy Services Ltd. 138 16,074,471 3,802 11 Ultratech Cement Ltd. 125 7,048,905 2,291 5 Lupin Ltd. 119 19,238,017 2,861 ** In this report only Equity oriented schemes are taken into account HDFC Bank and ICICI Bank Continue to remain amongst the most popular stocks amongst mutual funds. In the month of Dec’16, 3-4 schemes have reduce top two popular stocks to their portfolio. Lupin, has replaced HPCL and entered in most popular stock list in the month of dec’16; held by 119 equity schemes. However we have witnessed ITC, Power Grid and TCS were the only stocks added by new equity schemes. Disclaimer: Suitability depends on the clients own Risk  profile and the investor should consult his/her Doctor (Financial Advisor) for advice.

Top 10 Increase /Decrease in Stocks Consolidated: Stocks added by AMC (% wise) Consolidated: Stocks added by AMC (Volume Wise) No of Shares Company Name Dec-16 Nov-16 Diff % Chg Sep-13 Aug-13 IDBI Bank Ltd. 769,769 1,792 767,977 42856% ITC Ltd. 281,261,803 249,492,939 31,768,864 13% Clariant Chemicals (India) Ltd. 2,604,749 341,155 2,263,594 664% KNR Constructions Ltd. 31,419,185 6,324,837 25,094,348 397% ICICI Bank Ltd. 610,249,891 588,108,491 22,141,400 4% Sheela Foam Ltd. 3,234,221 896,279 2,337,942 261% Engineers India Ltd. 47,576,664 27,675,855 19,900,809 72% Spicejet Ltd. 4,293,589 1,632,852 2,660,737 163% Indian Oil Corporation Ltd. 82,711,898 67,928,205 14,783,693 22% Indian Hume Pipe Co. Ltd. 2,541,942 1,259,823 1,282,119 102% Federal Bank Ltd. 409,809,766 396,041,890 13,767,876 3% City Online Services 400,000 200,000 100% IDFC Bank Ltd. 42,279,771 30,018,771 12,261,000 41% Karnataka Bank Ltd. 7212325 3978450 3233875 81% Power Grid Corporation of India Ltd. 220,400,046 210,926,960 9,473,086 Bharti Infratel Ltd 6555866 3639658 2916208 80% State Bank of India 535,971,507 527,159,693 8,811,814 2% Housing Development & Infrastructure Ltd. 8761351 4921337 3840014 78% Hindalco Industries Ltd. 56,414,778 48,170,345 8,244,433 17% Consolidated: Stocks pared by AMC (% Wise) Consolidated: Stocks pared by AMC (Volume Wise) Just Dial Ltd. 25,356 279,258 (253,902) -91% Crompton Greaves Ltd. 145,771,712 164,600,164 (18,828,452) -11% Nagarjuna Fertilizers & Chemicals Ltd. 108,250 715,500 (607,250) -85% Tata Motors Ltd. 100,598,379 116,619,071 (16,020,692) -14% Camson Seeds Ltd. 156,778 559,447 (402,669) -72% Bank of Baroda 182,383,911 194,976,705 (12,592,794) -6% Shilpa Medicare Ltd. 29,663 72,949 (43,286) -59% South Indian Bank Ltd. 57,176,016 67,101,585 (9,925,569) -15% Godfrey Phillips India Ltd. 41,000 91,862 (50,862) -55% Tata Power Co. Ltd. 67,074,054 75,291,436 (8,217,382) Aditya Birla Nuvo Ltd. 4,083,102 8,508,064 (4,424,962) -52% Reliance Industries Ltd. 67,326,995 75,085,954 (7,758,959) -10% Coffee Day Enterprises Ltd. 2894584 4589110 -1694526 -37% Hindustan Petroleum Corporation Ltd 63,532,597 69,532,813 (6,000,216) -9% Sun T V Network Ltd. 5718728 8947529 -3228801 -36% IDFC Ltd. 129,514,471 135,086,105 (5,571,634) -4% Puravankara Ltd. 524692 761417 -236725 -31% Rural Electrification Corporation 40,590,782 45,997,832 (5,407,050) -12% DLF Ltd. 6832964 9566114 -2733150 -29% ** In this report only Equity oriented schemes are taken into account Disclaimer: Suitability depends on the clients own Risk  profile and the investor should consult his/her Doctor (Financial Advisor) for advice.

Birla, BOI, DSP, Kotak, ICICI Pru, Principal, SBI, Sundaram, Tata Stocks Entry & Exit Sector Exposure in Equity Oriented Funds Sector Exposure in Equity Oriented Funds Stock No of Shares Dec’2016 AMC Bought Laurus Labs Ltd. 11922663 Birla, BOI, DSP, Kotak, ICICI Pru, Principal, SBI, Sundaram, Tata Nocil Ltd. 590000 BNP Balaji Amines Ltd. 160000 HSBC Sudarshan Chemical Ind Ltd 93200 L&T Pfizer Inc. 7500 ICICI Pru Stock No of Shares Nov’2016 IL&FS Transportation Networks Ltd. 2639 Uniply Industries Ltd. 5989 Ramky Infrastructure Ltd. 6000 APM Industries 6416 Asian Hotels (West) Ltd 6475 Ador Fontech 12000 Dredging Corporation of India Ltd. 22595 Chennai Interactive Business Services Pvt Ltd. 23815 Phoenix Lamps Ltd. 31953 Quantum Information Systems 45000 Phillips Carbon Black Ltd. 45900 GVK Power & Infrastructure Ltd. 62000 Selan Expl. Tech 113512 Kesoram Industries Ltd. 132000 Shivam Autotech Ltd. 142494 HIM Teknoforge Ltd. 170000 Himadri Speciality Chemical Ltd. 239000 Quick Heal Technologies Ltd. 664280 Among the two IPOs that listed in Dec’16, Laurus Lab was the top pick with seven AMCs purchasing over 1.3 crore shares of the company. While Sheela foam IPO failed to attract funds. Other new addition in equity portfolio includes Nocil, Balaji Amines, Sudarshan Chemical and Pfizer. A few mid and small cap stocks that have been completely exited by funds portfolio including IL&FS Transport, Ramky infra, GVK Power, Quick heal etc ** In this report only Equity oriented schemes are taken into account Disclaimer: Suitability depends on the clients own Risk  profile and the investor should consult his/her Doctor (Financial Advisor) for advice.

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