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Mutual Fund in India

Updated on January 16, 2019 , 1705 views

A Mutual Fund is a collective pool (hence the word mutual) of money given by investors with a common objective for purchasing securities (via the fund). The collective pool is formed by the investors in a Mutual Fund, they are regulated in India by the Securities and Exchange Board of India (SEBI).

Those new to finance, planning and investing often hear the term “Mutual Fund” and ask “what is a Mutual Fund?”, "which are the best Mutual Funds?", "what are the Types of Mutual Funds", "what are the companies?", "How to Invest in Mutual Funds?" etc. Mutual Funds today are becoming more common with investors and have in the recent years become an avenue by which investors can participate in the debt and equity markets.

what-is-a-mutual-fund

We shall try to answer to most of the queries related to Mutual Funds here.

Overview

Mutual Funds are a vehicle that collects money from investors to buy securities. These investors have a common objective, and this pool of money is advised by the fund manager who decides how to invest the money. With good fund management, the Mutual Fund Manager (or Portfolio Manager) generates returns for the investors, which are passed back to investors. Mutual Funds are a regulated industry, there are various rules, guidelines & policies for the mutual fund companies, the fund managers and specifically the funds being managed also. These regulations are formed by the Securities and Exchange Board of India (SEBI) who is the regulator for Mutual Funds.

Mutual Funds Meaning

As the two words, Mutual connotes getting together and Fund connotes money. Hence by definition, a Mutual Fund is a vehicle for investing money for investors with a common objective. In India, Mutual Funds is a regulated industry with a long history.

Mutual Funds Basics

The basics of Mutual Funds entails getting a basic understanding of Mutual Fund's, the advantages of Mutual Funds and dis-advantages of Mutual Funds. One can use various sources to obtain knowledge. In this article, we have tried to cover most aspects of Mutual Fund basics.

Mutual Funds History

Mutual Funds in India came into being in 1963 by an act of parliament.This was done by the government of India with the help of the Reserve Bank of India (RBI). Till 1987, there was no other player in India and it was a monopoly. At that time the industry opened up for the public sector and saw the entry of the another player called SBI Mutual Fund. Other players too came in shortly thereafter.In 1993, the government gave permission the private sector to open up asset management companies. In the next 2 years, 11 more private sector funds came in. 1996 marked another era with SEBI and AMFI coming in.

Mutual Funds India

The Association of Mutual Funds in India was formed to develop the industry and setup minimum standards.

Mutual Funds Sahi Hai

mutual fund sahi hai is the recently launched campaign by AMFI (Association of Mutual Funds in India) to create investor awareness on Mutual Funds. This campaign is across various media such as TV, newspaper, radio and across the web too. The campaign is not only in English but also across various vernaculars languages. The aim of the Mutual Funds Sahi Hai campaign is to educate people on the various aspects of the industry and increase the penetration of Mutual Funds.

Mutual Funds Investment

Mutual funds offer investors a route to save money and earn returns over time. One can invest in a lump sum or a fixed amount monthly, more commonly known as a systematic investment plan (SIP). Using a lump sum or SIPs, they inculcate the habit of savings. Investors can start Mutual Fund investments with amounts as low as INR 5000 and in the case of SIPs as low as INR 500. There are various mutual fund calculators, available which help first-time investors decide what amount to start off with. These mutual fund calculators help investors kick-start investments.

Systematic Investment Plans: SIP In Mutual Funds

Mutual Funds offer a route called the "Systematic Investment Plan" or SIP where investors can choose to put in a fixed amount of money every month in a scheme of a mutual fund. SIPs are a very convenient way for investors to invest since after the first investment, subsequent investments are automated and the investor can sit back and relax. Systematic investment plans ( SIPs) also offer rupee cost averaging and there are many benefits of SIPs.

Mutual Fund Returns

5 Year Returns Across Categories

Category: Equity Avg. 5Y Ret. Category: Balanced Avg. 5Y Ret. Category: Fixed Income Avg. 5Y Ret Category: Money Market Avg. 5Y Ret.
ELSS (Tax Saving) 18.88 Conservative Allocation 10.56 Corporate Credit 9.54 Liquid 8.3
Equity - Other 18.72 Hybrid Allocation 11.15 Dynamic Bond 9.43 Ultrashort Bond 8.64
Flexi Cap 18.89 Moderate Allocation 15. 62 Intermediate Bond 8.93 -
Large Cap 15.33 - Intermediate Government Bond 9.91 -
- - Long Term Government Bond 9.87 -
- - Short Term Bond 8.72 -
- - Short Term Government Bond 8.63

(*Return as of 10th June 2017)

Mutual Funds over the last few decades have been a phenomenal vehicle for generating returns for retail investors. To give an idea of returns over the last years, the above table gives an idea of returns across the various categories of Mutual Funds.

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Types Of Mutual Funds

On 6th October 2017, Securities of Exchange Board of India (SEBI) introduced new and broad categories in Mutual Funds in order to bring uniformity in similar schemes launched by the different Mutual Funds. This is to aim and ensure that investors can find it easier to compare the products and evaluate the different options available before investing in a scheme.

SEBI intends to make Mutual Fund investment easier for the investors. Investors could invest according to their needs, financial goals and risk ability. This mandates Mutual Fund Houses to categorize all their schemes (existing & future scheme) into 5 broad categories and 36 sub-categories. Let’s see the new distinct categories introduced by SEBI in Equity Funds, Debt Funds, Hybrid Funds, Solution Oriented Funds and other schemes

1 Equity Funds

Equity Mutual Funds can be the Large cap funds, mid cap funds, small cap funds, or multi-cap, these are for investors wanting to take exposure to the equity markets. As the name goes, equity funds invest in the equity markets. There are specialist fund managers who specialise in stock selection. They try and select the best stocks for their funds, given the Mutual Fund investment mandate. SEBI has set 1- distinct categories for equity funds.

1.1. Large Cap Equity Fund

Large-cap funds invest in large-cap companies which are big sized companies with large balance sheets, big teams and a clear organisation structure in place. The exposure in large-cap stocks has to be a minimum 80 percent of the scheme’s total assets.

1.2. Mid Cap Fund

Mid-cap funds, on the other hand, invest in smaller-sized companies, these are the emerging stars in their sector and have a potential for growth. Being small in size, these mid-cap companies are very nimble footed and can make changes to product & strategy very quickly. Given this, mid-cap investing brings in a larger risk also. The scheme will invest 65 percent of its total assets in mid-cap stocks.

1.3. Large and Mid Cap Fund

These are the schemes that invest in both large & mid cap stocks. These funds will invest a minimum of 35 percent each in mid and large cap stocks.

SEBI has set a clear classification as to what is a large cap, mid cap and small cap:

Market Capitalization Description
Large cap company 1st to 100th company in terms of full market capitalization
Mid cap company 101st to 250th company in terms of full market capitalization
Small cap company 251st company onwards in terms of full market capitalization

1.4. Multi Cap Equity Fund

In multi-cap funds, the fund manager invests across the board in large-caps and mid-caps without any restriction (the only restriction being the fund mandate). A minimum of 65 percent of its total assets should be allocated to equities.

1.5. Equity Linked Savings Scheme

Equity Linked Savings Schemes (ELSS) is a tax saving fund that comes with a lock-in period of three years. A minimum of 80 percent of its total assets has to be invested in equities.

1.6. Dividend Yield Fund

This fund will predominantly invest in dividend yielding stocks. This scheme will invest a minimum 65 percent of its total assets in equities, but in dividend yielding stocks.

1.7. Value Fund

This is an equity fund that will follow the value investment strategy.

1.8. Contra Fund

This equity scheme will follow the contrarian investment strategy. Value/Contra will invest at least 65 percent of its total assets in equities, but a Mutual Fund house can either offer a value fund or a contra fund, but not both.

1.9. Focused Fund

This fund will focus on large, mid, small or multi-cap stocks, but can have a maximum of 30 stocks. focused fund can invest at least 65 percent of its total assets in equities.

1.10. Sector/Thematic Fund

These are the funds that invest in a particular sector or a theme. At least 80 percent of the total assets of these schemes will be invested in a particular sector or theme.

2 Debt Funds

Then there are debt funds, which invest in debt instruments. There are various kinds of debt funds that exist in the Indian markets. These funds invest in various debt & money market instruments such as government securities (G-Secs), commercial papers (CPs), certificate of deposits (CDs) and other instruments. As per SEBI’s new categorization, Debt fund schemes will have 16 categories. Here’s the list:

2.1. Overnight Fund

This debt scheme will invest in overnight securities having a maturity of one day.

2.2. Liquid Fund

These are very "liquid" as the name goes. These are the funds that in most cases would try to generate returns for investors even he/she invests for one day! As per regulations, Liquid Funds invest in debt/money market securities with a maturity of less than 91 days. These are apt for investors looking to park their money for a couple of days. These funds typically don't have any exit load.

2.3. Ultra Short Duration Fund

On the risk scale, these funds have a risk that is slightly above that of liquid funds. Ultra short term funds invest in debt securities with a slightly higher maturity than liquid funds. These types of Mutual funds can give a minor loss in a day if there is a very sharp upward movement in interest rates. However, these are great for investors looking to invest money between three months to six months. Most ultra short term funds don't have any exit load, even if they do, it is for a week to a fortnight at best.

2.4. Low Duration Fund

Low duration debt securities come with a slightly higher maturity than ultra short funds. The scheme will invest in debt and money market securities with a Macaulay duration between six to 12 months.

2.5. Money Market Fund

This scheme will invest in money market instruments such as CDs, CPs, T-Bills having a maturity up to one year.

2.6. Short Term Fund

Short term Mutual Funds are great for investors looking to invest for a year or more. These also invest in debt securities and do take a little bit of interest rate risk. If interest rates move downwards then there will be capital appreciation on the portfolio along with the return earned due to interest. These funds invest in debt and money market instruments with a Macaulay duration of one to three years.

2.7. Medium Duration Fund

This scheme will invest in debt and money market instruments with a Macaulay duration of three to four years.

2.8. Medium to Long Duration Fund

This scheme will invest in debt and money market instruments with a Macaulay duration of four to seven years.

2.9. Long Duration Fund

This scheme will invest in debt and money market instruments with a Macaulay duration greater than seven years.

2.10. Dynamic Bond Fund

A dynamic bond fund is a mutual fund scheme that invests its funds in fixed income securities consisting of varying maturity periods, which means that they invest across all the duration. Here, the fund manager decides on which funds they need to invest based on their perception of the interest rate scenario and future interest rate movements. Based on this decision, they invest in funds across various maturity periods of debt instruments. This mutual fund scheme is suitable for individuals who feel puzzled about the interest rate scenario. Such individuals can rely on the view of the fund managers to earn money through dynamic bonds funds.

2.11. Corporate Bond Fund

Corporate bond funds are essentially a certificate of debt issued by major companies. These are issued as a way of raising money for businesses. Corporate bond funds are a great option when it comes to good return and low-risk type investment. This debt scheme mainly invests in the highest rated corporate bonds. The fund can invest a minimum 80 percent of its total assets in the highest-rated corporate bonds.

2.12. Credit Risk Fund

This scheme will invest in below the high-rated corporate bonds. The credit risk fund should invest at least 65 percent of its assets below the highest-rated instruments.

2.13. Banking and PUS Fund

This scheme predominantly invests in debt instruments of Banks, Public Financial Institutional, Public Sector Undertakings.

2.14. Gilt Fund

This funds invest in government securities. The maturity of the funds various as per the mandate of the fund. And so does the risk in the fund. Gilt funds are usually used as an avenue to invest by seasoned investors who know what they are doing and are clear on interest rate movements. The higher the duration or maturity of the gilt fund, higher the risk. This funds will invest a minimum 80 percent of its total assets in government securities.

2.15. Gilt Fund with 10-year Constant Duration

This scheme will invest in government securities with a maturity of 10 years. Gilt Funds with 10-year Constant Duration will invest a minimum 80 percent in government securities.

2.16. Floater Fund

This debt scheme mainly invests in floating rate instruments. Floater Fund will invest a minimum of 65 percent of its total assets in floating rate instruments.

3. Hybrid Funds

For the investors in the middle who want to be on the fence, there are balanced funds or hybrid funds. According to the new SEBI’s regulation, there will be six categories of Hybrid Funds:

3.1. Conservative Hybrid Fund

Hybrid Funds are also commonly known as Balanced Fund. Hybrid funds are a type of Mutual Funds that invest in both equity and debt mutual fund. In other words, this fund acts as a combination of both debt and equity. The conservative hybrid funds will majorly invested in debt instruments. About 75 to 90 percent of their total assets will be invest in debt instruments and about 10 to 25 percent in equity-related instruments. Hybrid funds are a great option for the investors who fear of investing in equity funds. This fund will reduce the risk portion and also help in gaining optimal returns over the time.

3.2. Balanced Hybrid Fund

This fund will invest around 40-60 percent of its total assets in both debt and equity instruments.

3.3. Aggressive Hybrid Fund

This fund will invest around 65 to 85 percent of its total assets in equity-related instruments and about 20 to 35 percent of their assets in debt instruments. Mutual fund houses can offer either a balanced hybrid or an aggressive hybrid fund, not both.

3.4. Dynamic Asset Allocation or Balanced Advantage Fund

This scheme would dynamically manage their investments in equity and debt instruments.

3.5. Multi Asset Allocation

This scheme can invest in three asset classes, which means that they can invest in an extra asset class apart from equity and debt. The fund should invest at least 10 percent in each of the asset classes. Foreign securities will not be treated as a separate asset class.

3.6. Arbitrage Fund

An arbitrage fund is a popular short-term financial investment in India. Arbitrage funds are Mutual Funds that leverage the differential price between the cash market and derivative market to generate mutual fund returns. The returns generated by arbitrage funds are dependent on the volatility of the stock market. Arbitrage mutual funds are hybrid in nature and in times of high or persistent volatility, these funds offer relatively risk-free returns to investors. This fund invest at least 65 percent of its assets in equity-related instruments.

3.7. Equity Savings

This scheme will invest in equity, arbitrage and debt. Equity savings will invest at least 65 percent of the total assets in stocks and a minimum 10 percent in debt. The scheme would state the minimum hedged and unhedged investments in the scheme information document.

4. Solution Oriented Schemes

4.1. Retirement Fund

This is a retirement solution oriented scheme that will have a lock-in of five years or till the age of retirement.

4.2. Children’s Fund

This is children oriented scheme having a lock-on for five years or until the child attains the age of majority, whichever is earlier.

5. Other Schemes

5.1. Index Fund/ETF

Index Funds refer to the Mutual Fund schemes whose portfolio is constructed using a market index as a base. In other words, the performance of an index fund is dependent on the performance of a particular index. These schemes are passively managed. These funds contain shares in the similar proportion as they are in a particular index. In India, many of the schemes use Nifty or Sensex as the base to construct their portfolio. For example, if the Nifty portfolio constitutes of SBI shares whose proportion is 12% then; the Nifty Index fund will also have 12% equity shares. This fund can invest at least 95 percent of its total asset in securities of a particular index.

5.2. FoFs (Overseas Domestic)

Fund of funds is an option for those whose investment amounts are not too large and it is easier to manage one fund (a fund of funds) rather than a number of Mutual Funds. In this form of mutual fund investment strategy, investors get to hold a number of funds under the umbrella of a single fund, hence the name funds of funds. Often going by the name of multi-manager investment; it is considered as one of the mutual fund categories. One of the key advantages of multi-manager investments is that at a lower ticket size, the investor can diversify themselves across a gamut of mutual fund schemes. This fund can invest a minimum of 95 percent of its total assets in the underlying fund.

Some of the other Mutual Funds to consider:

5.3. International Funds

International Funds invest in international securities or into master funds that are domiciled out of India. Most of these funds invest in equity as an asset class. These can be of various types such as emerging market funds, developed markets funds, commodity-related international funds etc. The DSP Blackrock World Gold Fund is an example of a fund that invests in a master fund based out of India. This fund invests predominantly in gold and other precious metals. Today, there are many international Mutual Funds available in India to the investor.

5.4. Gold Funds

Gold funds are a new class of funds. These invest in gold ETFs. While gold ETFs are available to the retail investor, anyone wanting to buy an ETF has to do it through the stock exchange, which requires one to have a broking account. In a Mutual Fund, there is no such requirement, an investor can simply fill an application form and get the units allotted after making the payment.

Best Mutual Funds

Investors are always searching for the top mutual funds or best mutual funds to invest in. How to select the best mutual fund is another exercise in itself. One needs to look are various things like the goal for investing, fund house, mutual fund rating and over this follow a disciplined approach. Only then can one try and select the best mutual fund.

Top 10 Mutual Funds: Equity

The top 10 equity mutual funds to invest are always something investors try to seek. From the entire list of the funds available in a category getting to the Top 10 Mutual Funds involves doing many activities to filter the list and get the top & Best Performing Mutual Funds. The top 10 equity mutual funds to invest in are:

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2017 (%)
ICICI Prudential Banking and Financial Services Fund Growth ₹61.34
↓ -0.31
₹2,59513.35.2-2.325.724-0.4
Invesco India Growth Opportunities Fund Growth ₹32.39
↓ -0.04
₹9694-2-2.415.416.4-0.2
Kotak Standard Multicap Fund Growth ₹33.104
↓ -0.15
₹21,3695.3-0.8-2.416.319-0.9
Mirae Asset India Equity Fund  Growth ₹47.959
↓ -0.13
₹9,6974.62.2-2.617.318.9-0.6
Axis Focused 25 Fund Growth ₹25.74
↓ -0.06
₹6,4551.7-9.9-4.417.116.30.6
Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹26.85
↓ -0.20
₹1,5618.8-5.1-5.622.322.7-2.4
Kotak Equity Opportunities Fund Growth ₹112.668
↓ -0.56
₹2,3456.7-0.2-615.116.9-5.6
Tata India Tax Savings Fund Growth ₹16.9407
↓ -0.04
₹1,5126.70.3-8.214.7 -8.4
Sundaram Rural and Consumption Fund Growth ₹40.5851
↓ -0.17
₹2,4316.9-0.7-8.51819.4-7.8
Tata Equity PE Fund Growth ₹128.88
↓ -0.35
₹5,0213-7-8.818.221.2-7.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Jan 19

Top 10 Mutual Funds: Debt

The top 10 debt mutual funds to invest are always something investors try to seek. From the entire list of the funds available in a category getting to the top 10 mutual funds involves doing many activities to filter the list and get the top & best performing Mutual Funds. The top 10 debt mutual funds to invest in are:

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2017 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth ₹25.7839
↑ 0.01
₹14,7002.94.898.98.70%6M 17D
Franklin India Low Duration Fund Growth ₹21.322
↑ 0.00
₹6,5282.84.68.78.98.410.35%9M 24D11M 4D
Franklin India Dynamic Accrual Fund Growth ₹65.5116
↓ -0.02
₹3,6833.85.38.598.411.16%2Y 2M 2D3Y 5D
Aditya Birla Sun Life Money Manager Fund Growth ₹246.153
↑ 0.05
₹5,9112.24.28.17.57.97.8%3M 14D3M 14D
Aditya Birla Sun Life Savings Fund Growth ₹362.913
↑ 0.07
₹14,9492.44.27.98.17.68.4%5M 8D6M 4D
DHFL Pramerica Insta Cash Fund Growth ₹238.505
↑ 0.05
₹3,3601.93.87.57.37.47.14%1M 6D1M 6D
JM Liquid Fund Growth ₹50.2257
↑ 0.01
₹2,2771.93.87.57.37.47.27%12D12D
Indiabulls Liquid Fund Growth ₹1,788.93
↑ 0.35
₹2,0881.83.77.37.37.36.86%1M 5D1M 6D
Aditya Birla Sun Life Corporate Bond Fund Growth ₹70.1901
↑ 0.01
₹12,5362.84.47.2878.59%1Y 9M 14D2Y 4M 17D
HDFC Corporate Bond Fund Growth ₹20.2983
↓ 0.00
₹11,2852.94.26.67.96.58.69%2Y 1D2Y 7M 2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Jan 19

*Below is the detailed list of top mutual funds based on last one year CAGR/Annualized returns & having AUM between 200 - 10,000 Crores across categories (Equity, Debt, Hybrid, Gold etc.)

1. TATA Digital India Fund

The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in Information Technology Sector in India.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.The Scheme does not assure or guarantee any returns.

TATA Digital India Fund is a Equity - Sectoral fund was launched on 28 Dec 15. It is a fund with High risk and has given a CAGR/Annualized return of 12.9% since its launch.  Return for 2018 was 24.9% , 2017 was 19.6% and 2016 was -6% .

Below is the key information for TATA Digital India Fund

TATA Digital India Fund
Growth
Launch Date 28 Dec 15
NAV (18 Jan 19) ₹14.482 ↑ 0.00   (0.01 %)
Net Assets (Cr) ₹368 on 30 Nov 18
Category Equity - Sectoral
AMC Tata Asset Management Limited
Rating Not Rated
Risk High
Expense Ratio 2.86
Sharpe Ratio 1.15
Information Ratio 0
Alpha Ratio -6.25
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-3 Months (0.25%),3 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Dec 15₹10,000
31 Dec 16₹9,405
31 Dec 17₹11,251
31 Dec 18₹14,055

TATA Digital India Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for TATA Digital India Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
1 Month 1.7%
3 Month -0.6%
6 Month 0.6%
1 Year 21.5%
3 Year 13.4%
5 Year
10 Year
15 Year
Since launch 12.9%
Historical performance (Yearly) on absolute basis
YearReturns
2017 24.9%
2016 19.6%
2015 -6%
2014
2013
2012
2011
2010
2009
2008
Fund Manager information for TATA Digital India Fund
NameSinceTenure
Sailesh Jain9 Nov 180 Yr.
Meeta Shetty9 Nov 180 Yr.

Data below for TATA Digital India Fund as on 30 Nov 18

Equity Sector Allocation
SectorValue
Technology93.01%
Asset Allocation
Asset ClassValue
Cash6.99%
Equity93.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Jan 16 | INFY
30%₹116 Cr1,755,186
↑ 50,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jan 16 | TCS
16%₹62 Cr327,200
↑ 40,000
Tech Mahindra Ltd (Technology)
Equity, Since 30 Apr 16 | 532755
10%₹37 Cr517,700
↑ 50,000
A) Repo
CBLO/Reverse Repo | -
7%₹26 Cr
Cyient Ltd (Technology)
Equity, Since 31 Dec 17 | CYIENT
5%₹18 Cr284,500
Oracle Financial Services Software Ltd (Technology)
Equity, Since 31 Mar 16 | 532466
4%₹17 Cr45,400
Wipro Ltd (Technology)
Equity, Since 31 Jul 18 | 507685
4%₹17 Cr500,000
↓ -100,000
Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 16 | PERSISTENT
4%₹16 Cr251,200
↑ 60,000
NIIT Technologies Ltd (Technology)
Equity, Since 31 Jan 16 | 532541
4%₹14 Cr125,000
Tata Elxsi Ltd (Technology)
Equity, Since 30 Nov 16 | 500408
3%₹11 Cr110,729

2. ICICI Prudential Technology Fund

To generate long-term capital appreciation for you from a portfolio made up predominantly of equity and equity-related securities of technology intensive companies.

ICICI Prudential Technology Fund is a Equity - Sectoral fund was launched on 3 Mar 00. It is a fund with High risk and has given a CAGR/Annualized return of 9.9% since its launch.  Ranked 37 in Sectoral category.  Return for 2018 was 19.1% , 2017 was 19.8% and 2016 was -4% .

Below is the key information for ICICI Prudential Technology Fund

ICICI Prudential Technology Fund
Growth
Launch Date 3 Mar 00
NAV (18 Jan 19) ₹59.09 ↑ 0.04   (0.07 %)
Net Assets (Cr) ₹459 on 30 Nov 18
Category Equity - Sectoral
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk High
Expense Ratio 2.93
Sharpe Ratio 1.34
Information Ratio -0.08
Alpha Ratio -1.45
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Dec 13₹10,000
31 Dec 14₹12,634
31 Dec 15₹13,133
31 Dec 16₹12,612
31 Dec 17₹15,110
31 Dec 18₹17,998

ICICI Prudential Technology Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for ICICI Prudential Technology Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
1 Month 3.3%
3 Month -0.8%
6 Month 3.8%
1 Year 18.6%
3 Year 14%
5 Year 13.3%
10 Year
15 Year
Since launch 9.9%
Historical performance (Yearly) on absolute basis
YearReturns
2017 19.1%
2016 19.8%
2015 -4%
2014 3.9%
2013 26.3%
2012 62.6%
2011 17.1%
2010 -18.9%
2009 44.5%
2008 123.1%
Fund Manager information for ICICI Prudential Technology Fund
NameSinceTenure
Sankaran Naren14 Jul 171.3 Yr.
Ashwin Jain4 Oct 162.08 Yr.

Data below for ICICI Prudential Technology Fund as on 30 Nov 18

Equity Sector Allocation
SectorValue
Technology92.56%
Asset Allocation
Asset ClassValue
Cash7.44%
Equity92.56%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY
35%₹159 Cr2,418,690
Larsen & Toubro Infotech Ltd (Technology)
Equity, Since 31 Jul 16 | 540005
12%₹57 Cr329,812
Tech Mahindra Ltd (Technology)
Equity, Since 31 Oct 16 | 532755
10%₹45 Cr619,950
HCL Technologies Ltd (Technology)
Equity, Since 30 Apr 15 | HCLTECH
9%₹42 Cr431,451
Cognizant Technology Solutions Corp A (Technology)
Equity, Since 31 Jul 18 | CTSH
9%₹40 Cr92,110
↑ 21,337
Treps
CBLO/Reverse Repo | -
8%₹36 Cr
Hexaware Technologies Ltd (Technology)
Equity, Since 31 Oct 18 | 532129
6%₹29 Cr880,342
↑ 579,585
Oracle Financial Services Software Ltd (Technology)
Equity, Since 31 Mar 11 | 532466
5%₹23 Cr61,622
Cyient Ltd (Technology)
Equity, Since 30 Jun 18 | CYIENT
4%₹18 Cr289,446
Nucleus Software Exports Ltd (Technology)
Equity, Since 30 Sep 09 | 531209
3%₹14 Cr369,241

3. Aditya Birla Sun Life Digital India Fund

(Erstwhile Aditya Birla Sun Life New Millennium Fund)

A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. The secondary objective is income generation and distribution of dividend.

Aditya Birla Sun Life Digital India Fund is a Equity - Sectoral fund was launched on 15 Jan 00. It is a fund with High risk and has given a CAGR/Annualized return of since its launch.  Ranked 33 in Sectoral category.  Return for 2018 was 15.6% , 2017 was 22.4% and 2016 was -3.5% .

Below is the key information for Aditya Birla Sun Life Digital India Fund

Aditya Birla Sun Life Digital India Fund
Growth
Launch Date 15 Jan 00
NAV (18 Jan 19) ₹51.15 ↓ -0.07   (-0.14 %)
Net Assets (Cr) ₹454 on 30 Nov 18
Category Equity - Sectoral
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk High
Expense Ratio 3.1
Sharpe Ratio 1.07
Information Ratio 0.39
Alpha Ratio 3.17
Min Investment 1,000
Min SIP Investment 1,000
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Dec 13₹10,000
31 Dec 14₹12,111
31 Dec 15₹13,470
31 Dec 16₹13,002
31 Dec 17₹15,908
31 Dec 18₹18,394

Aditya Birla Sun Life Digital India Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for Aditya Birla Sun Life Digital India Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
1 Month 1.4%
3 Month -1.1%
6 Month 0.6%
1 Year 11.4%
3 Year 13.9%
5 Year 13%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
2017 15.6%
2016 22.4%
2015 -3.5%
2014 11.2%
2013 21.1%
2012 50.2%
2011 3.7%
2010 -21.8%
2009 16.6%
2008 85.3%
Fund Manager information for Aditya Birla Sun Life Digital India Fund
NameSinceTenure
Kunal Sangoi15 Jan 144.96 Yr.

Data below for Aditya Birla Sun Life Digital India Fund as on 30 Nov 18

Equity Sector Allocation
SectorValue
Technology82.89%
Consumer Cyclical9.89%
Industrials5.69%
Asset Allocation
Asset ClassValue
Cash1.68%
Equity98.46%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY
26%₹117 Cr1,775,000
Tech Mahindra Ltd (Technology)
Equity, Since 31 May 13 | 532755
10%₹45 Cr620,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 05 | TCS
9%₹41 Cr214,000
↓ -10,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 10 | HCLTECH
9%₹40 Cr415,000
NIIT Technologies Ltd (Technology)
Equity, Since 31 May 18 | 532541
8%₹34 Cr300,000
↑ 50,000
Sun TV Network Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | 532733
5%₹24 Cr390,000
MindTree Ltd (Technology)
Equity, Since 31 Jul 18 | 532819
5%₹22 Cr250,000
↑ 25,000
Sterlite Technologies Ltd (Technology)
Equity, Since 28 Feb 17 | STRTECH
4%₹19 Cr650,000
↑ 50,000
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 18 | 517174
4%₹18 Cr8,238
↑ 1,800
Majesco Ltd (Technology)
Equity, Since 31 Jan 18 | 539289
4%₹16 Cr320,000

4. Franklin India Technology Fund

To provide long-term capital appreciation by predominantly investing in equity and equity related securities of technology and technology related companies.

Franklin India Technology Fund is a Equity - Sectoral fund was launched on 22 Aug 98. It is a fund with High risk and has given a CAGR/Annualized return of 18.3% since its launch.  Ranked 41 in Sectoral category.  Return for 2018 was 11.9% , 2017 was 19.1% and 2016 was -2.6% .

Below is the key information for Franklin India Technology Fund

Franklin India Technology Fund
Growth
Launch Date 22 Aug 98
NAV (17 Jan 19) ₹154.624 ↓ -0.17   (-0.11 %)
Net Assets (Cr) ₹230 on 30 Nov 18
Category Equity - Sectoral
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk High
Expense Ratio 2.87
Sharpe Ratio 1
Information Ratio 0.27
Alpha Ratio 0.18
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Dec 13₹10,000
31 Dec 14₹11,675
31 Dec 15₹12,113
31 Dec 16₹11,795
31 Dec 17₹14,046
31 Dec 18₹15,720

Franklin India Technology Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for Franklin India Technology Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
1 Month 1.4%
3 Month -1.3%
6 Month -0.6%
1 Year 10.7%
3 Year 11.9%
5 Year 9.8%
10 Year
15 Year
Since launch 18.3%
Historical performance (Yearly) on absolute basis
YearReturns
2017 11.9%
2016 19.1%
2015 -2.6%
2014 3.8%
2013 16.8%
2012 53.3%
2011 0.3%
2010 -15.5%
2009 32.6%
2008 136.7%
Fund Manager information for Franklin India Technology Fund
NameSinceTenure
Anand Radhakrishnan3 Mar 0711.67 Yr.
Varun Sharma30 Nov 152.92 Yr.
Srikesh Nair1 Dec 152.92 Yr.

Data below for Franklin India Technology Fund as on 30 Nov 18

Equity Sector Allocation
SectorValue
Technology80.25%
Communication Services6.75%
Industrials5.08%
Consumer Cyclical3.93%
Financial Services0.54%
Real Estate0.18%
Health Care0.03%
Asset Allocation
Asset ClassValue
Cash0.13%
Equity96.77%
Debt0%
Other3.1%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
22%₹50 Cr755,196
HCL Technologies Ltd (Technology)
Equity, Since 30 Jun 14 | HCLTECH
9%₹20 Cr206,795
Tech Mahindra Ltd (Technology)
Equity, Since 28 Feb 14 | 532755
9%₹19 Cr266,902
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Aug 04 | TCS
8%₹19 Cr97,942
Franklin Technology I(acc)USD
Investment Fund | -
8%₹17 Cr102,868
Cognizant Technology Solutions Corp A (Technology)
Equity, Since 30 Apr 16 | CTSH
7%₹16 Cr35,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 18 | BHARTIARTL
5%₹10 Cr324,366
eClerx Services Ltd (Industrials)
Equity, Since 31 Dec 07 | 532927
4%₹9 Cr87,502
Info Edge (India) Ltd (Technology)
Equity, Since 31 Jan 17 | NAUKRI
4%₹8 Cr55,000
Call, Cash & Other Assets
Receivables | -
3%₹7 Cr

5. Franklin India Feeder - Franklin U S Opportunities Fund

The Fund seeks to provide capital appreciation by investing predominantly in units of Franklin U. S. Opportunities Fund, an overseas Franklin Templeton mutual fund, which primarily invests in securities in the United States of America.

Franklin India Feeder - Franklin U S Opportunities Fund is a Equity - Global fund was launched on 6 Feb 12. It is a fund with High risk and has given a CAGR/Annualized return of 16% since its launch.  Ranked 6 in Global category.  Return for 2018 was 6.5% , 2017 was 18.1% and 2016 was -0.8% .

Below is the key information for Franklin India Feeder - Franklin U S Opportunities Fund

Franklin India Feeder - Franklin U S Opportunities Fund
Growth
Launch Date 6 Feb 12
NAV (17 Jan 19) ₹28.0413 ↑ 0.38   (1.37 %)
Net Assets (Cr) ₹707 on 30 Nov 18
Category Equity - Global
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk High
Expense Ratio 1.88
Sharpe Ratio 0.68
Information Ratio -0.89
Alpha Ratio -1.18
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-3 Years (1%),3 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Dec 13₹10,000
31 Dec 14₹10,838
31 Dec 15₹11,787
31 Dec 16₹11,696
31 Dec 17₹13,815
31 Dec 18₹14,712

Franklin India Feeder - Franklin U S Opportunities Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for Franklin India Feeder - Franklin U S Opportunities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
1 Month 5.3%
3 Month -9.6%
6 Month -6.4%
1 Year 9.5%
3 Year 14.1%
5 Year 9.8%
10 Year
15 Year
Since launch 16%
Historical performance (Yearly) on absolute basis
YearReturns
2017 6.5%
2016 18.1%
2015 -0.8%
2014 8.8%
2013 8.4%
2012 55.2%
2011
2010
2009
2008
Fund Manager information for Franklin India Feeder - Franklin U S Opportunities Fund
NameSinceTenure
Srikesh Nair2 May 162.5 Yr.

Data below for Franklin India Feeder - Franklin U S Opportunities Fund as on 30 Nov 18

Equity Sector Allocation
SectorValue
Technology32.22%
Financial Services16.33%
Health Care14.23%
Consumer Cyclical10.42%
Industrials9.54%
Communication Services4.25%
Consumer Defensive3.95%
Real Estate2.31%
Basic Materials1.36%
Energy0.86%
Asset Allocation
Asset ClassValue
Cash2.29%
Equity95.48%
Other2.23%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Franklin US Opportunities I(acc)USD
Investment Fund | -
100%₹655 Cr2,456,319
↑ 35,898
Call, Cash & Other Assets
Receivables | -
0%₹2 Cr

6. Franklin India Low Duration Fund

To provide regular income to investors through investment primarily in debt funds.

Franklin India Low Duration Fund is a Debt - Low Duration fund was launched on 26 Jul 10. It is a fund with Moderate risk and has given a CAGR/Annualized return of 9.3% since its launch.  Ranked 3 in Low Duration category.  Return for 2018 was 8.4% , 2017 was 8.3% and 2016 was 9.7% .

Below is the key information for Franklin India Low Duration Fund

Franklin India Low Duration Fund
Growth
Launch Date 26 Jul 10
NAV (18 Jan 19) ₹21.322 ↑ 0.00   (0.02 %)
Net Assets (Cr) ₹6,528 on 30 Nov 18
Category Debt - Low Duration
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderate
Expense Ratio 0.78
Sharpe Ratio 4.2
Information Ratio 1.6
Alpha Ratio 2.87
Min Investment 10,000
Min SIP Investment 500
Exit Load 0-3 Months (0.5%),3 Months and above(NIL)
Yield to Maturity 10.35%
Effective Maturity 11 Months 4 Days
Modified Duration 9 Months 24 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 13₹10,000
31 Dec 14₹11,008
31 Dec 15₹12,091
31 Dec 16₹13,260
31 Dec 17₹14,361
31 Dec 18₹15,574

Franklin India Low Duration Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹209,201.
Net Profit of ₹29,201
Invest Now

Returns for Franklin India Low Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
1 Month 1%
3 Month 2.8%
6 Month 4.6%
1 Year 8.7%
3 Year 8.9%
5 Year 9.3%
10 Year
15 Year
Since launch 9.3%
Historical performance (Yearly) on absolute basis
YearReturns
2017 8.4%
2016 8.3%
2015 9.7%
2014 9.8%
2013 10.1%
2012 9.5%
2011 10.2%
2010 9.9%
2009
2008
Fund Manager information for Franklin India Low Duration Fund
NameSinceTenure
Santosh Kamath15 Apr 144.55 Yr.
Kunal Agrawal15 Apr 144.55 Yr.

Data below for Franklin India Low Duration Fund as on 30 Nov 18

Asset Allocation
Asset ClassValue
Cash20.5%
Debt75.98%
Other3.52%
Debt Sector Allocation
SectorValue
Corporate83.67%
Cash Equivalent10.63%
Government2.19%
Credit Quality
RatingValue
A50.12%
AA25.6%
AAA24.28%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corporation Limited
Commercial Paper | -
5%₹316 Cr6,400
GREENKO CLEAN ENERGY PROJECTS PRIVATE LIMITED
Debentures | -
4%₹302 Cr30,000
National Bank For Agriculture And Rural Development
Commercial Paper | -
4%₹249 Cr5,000
Small Business Fincredit India Private Limited
Debentures | -
4%₹243 Cr2,500
↑ 1,800
Call, Cash & Other Assets
Receivables | -
4%₹239 Cr
MA Multi-Trade Private Limited
Debentures | -
3%₹225 Cr2,250
Renew Power Ventures Private Limited
Debentures | -
3%₹217 Cr2,170
Edelweiss Commodities Services Limited
Debentures | -
3%₹216 Cr2,200
Wadhawan Global Capital Private Limited
Debentures | -
3%₹204 Cr1,766
Essel Infraprojects Limited
Debentures | -
3%₹199 Cr133

7. SBI Magnum Constant Maturity Fund

(Erstwhile SBI Magnum Gilt Fund Short Term)

To provide the investors with the returns generated through investments in government securities issued by the Central Govt. and State Govt.

SBI Magnum Constant Maturity Fund is a Debt - 10 Yr Govt Bond fund was launched on 30 Dec 00. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.9% since its launch.  Ranked 1 in 10 Yr Govt Bond category.  Return for 2018 was 9.9% , 2017 was 6.2% and 2016 was 12.8% .

Below is the key information for SBI Magnum Constant Maturity Fund

SBI Magnum Constant Maturity Fund
Growth
Launch Date 30 Dec 00
NAV (18 Jan 19) ₹39.5265 ↓ -0.11   (-0.28 %)
Net Assets (Cr) ₹343 on 30 Nov 18
Category Debt - 10 Yr Govt Bond
AMC SBI Funds Management Private Limited
Rating
Risk Moderately Low
Expense Ratio 0.74
Sharpe Ratio 1.44
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.59%
Effective Maturity 9 Years 7 Months 20 Days
Modified Duration 6 Years 6 Months

Growth of 10,000 investment over the years.

DateValue
31 Dec 13₹10,000
31 Dec 14₹11,262
31 Dec 15₹12,285
31 Dec 16₹13,860
31 Dec 17₹14,724
31 Dec 18₹16,182

SBI Magnum Constant Maturity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹209,201.
Net Profit of ₹29,201
Invest Now

Returns for SBI Magnum Constant Maturity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
1 Month -1%
3 Month 4%
6 Month 4.8%
1 Year 8.5%
3 Year 9.1%
5 Year 9.7%
10 Year
15 Year
Since launch 7.9%
Historical performance (Yearly) on absolute basis
YearReturns
2017 9.9%
2016 6.2%
2015 12.8%
2014 9.1%
2013 12.6%
2012 8.7%
2011 9.2%
2010 8.4%
2009 5.2%
2008 -3.2%
Fund Manager information for SBI Magnum Constant Maturity Fund
NameSinceTenure
Mahak Khabhia7 May 180.49 Yr.

Data below for SBI Magnum Constant Maturity Fund as on 30 Nov 18

Asset Allocation
Asset ClassValue
Cash2.11%
Debt94.93%
Other2.96%
Debt Sector Allocation
SectorValue
Government94.93%
Cash Equivalent2.11%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.17% Govt Stock 2028
Sovereign Bonds | -
68%₹239 Cr24,240,000
↓ -2,300,000
6.68% Govt Stock 2031
Sovereign Bonds | -
16%₹56 Cr6,000,000
↑ 2,000,000
7.95% Govt Stock 2032
Sovereign Bonds | -
12%₹41 Cr4,000,000
↑ 500,000
Net Receivable / Payable
Receivables | -
3%₹10 Cr
Treps
CBLO/Reverse Repo | -
2%₹7 Cr

8. Franklin India Dynamic Accrual Fund

To generate steady stream of income either by way of regular dividends or by capital appreciation.

Franklin India Dynamic Accrual Fund is a Debt - Dynamic Bond fund was launched on 5 Mar 97. It is a fund with Moderate risk and has given a CAGR/Annualized return of 9% since its launch.  Ranked 1 in Dynamic Bond category.  Return for 2018 was 8.4% , 2017 was 8.5% and 2016 was 10.1% .

Below is the key information for Franklin India Dynamic Accrual Fund

Franklin India Dynamic Accrual Fund
Growth
Launch Date 5 Mar 97
NAV (18 Jan 19) ₹65.5116 ↓ -0.02   (-0.03 %)
Net Assets (Cr) ₹3,683 on 30 Nov 18
Category Debt - Dynamic Bond
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderate
Expense Ratio 1.77
Sharpe Ratio 1.94
Information Ratio 0.44
Alpha Ratio 3.04
Min Investment 10,000
Min SIP Investment 500
Exit Load 0-12 Months (3%),12-24 Months (2%),24-36 Months (1%),36-48 Months (0.5%),48 Months and above(NIL)
Yield to Maturity 11.16%
Effective Maturity 3 Years 5 Days
Modified Duration 2 Years 2 Months 2 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 13₹10,000
31 Dec 14₹11,268
31 Dec 15₹12,433
31 Dec 16₹13,685
31 Dec 17₹14,848
31 Dec 18₹16,098

Franklin India Dynamic Accrual Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹209,201.
Net Profit of ₹29,201
Invest Now

Returns for Franklin India Dynamic Accrual Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
1 Month 1%
3 Month 3.8%
6 Month 5.3%
1 Year 8.5%
3 Year 9%
5 Year 10%
10 Year
15 Year
Since launch 9%
Historical performance (Yearly) on absolute basis
YearReturns
2017 8.4%
2016 8.5%
2015 10.1%
2014 10.3%
2013 12.7%
2012 4.1%
2011 9.8%
2010 8.2%
2009 3.5%
2008 5%
Fund Manager information for Franklin India Dynamic Accrual Fund
NameSinceTenure
Sachin Padwal-Desai8 Aug 0612.24 Yr.
Santosh Kamath23 Feb 153.69 Yr.
Umesh Sharma5 Jul 108.33 Yr.

Data below for Franklin India Dynamic Accrual Fund as on 30 Nov 18

Asset Allocation
Asset ClassValue
Debt96.34%
Other3.66%
Debt Sector Allocation
SectorValue
Corporate95.65%
Government0.69%
Credit Quality
RatingValue
A60.73%
AA38.37%
AAA0.9%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
SHRIRAM TRANSPORT FINANCE COMPANY LIMITED
Debentures | -
7%₹274 Cr2,750
↑ 1,950
Call, Cash & Other Assets
Receivables | -
4%₹138 Cr
DOLVI Minerals & Metals Private Limited
Debentures | -
3%₹123 Cr740
Pune Solapur Expressways Pvt. Ltd
Debentures | -
3%₹116 Cr11,978
U.P. Power Corporation Limited
Debentures | -
3%₹112 Cr1,112
Andhra Pradesh Capital Region Development Authority
Debentures | -
3%₹106 Cr5,250
ADANI RAIL INFRA PRIVATE LIMITED
Debentures | -
3%₹103 Cr100
PIRAMAL ENTERPRISES LIMITED
Debentures | -
3%₹100 Cr1,000
↑ 1,000
EDELWEISS COMMODITIES SERVICES LIMITED
Debentures | -
3%₹100 Cr1,000
↑ 1,000
MA Multi-Trade Private Limited
Debentures | -
3%₹98 Cr1,000

9. Franklin India Credit Risk Fund

(Erstwhile Franklin India Corporate Bond Opportunities Fund)

The Fund seeks to provide regular income and capital appreciation through a focus on corporate securities.

Franklin India Credit Risk Fund is a Debt - Credit Risk fund was launched on 30 Nov 11. It is a fund with Moderate risk and has given a CAGR/Annualized return of 9.6% since its launch.  Ranked 16 in Credit Risk category.  Return for 2018 was 8.4% , 2017 was 8.3% and 2016 was 8.7% .

Below is the key information for Franklin India Credit Risk Fund

Franklin India Credit Risk Fund
Growth
Launch Date 30 Nov 11
NAV (18 Jan 19) ₹19.2629 ↓ 0.00   (-0.02 %)
Net Assets (Cr) ₹7,011 on 30 Nov 18
Category Debt - Credit Risk
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderate
Expense Ratio 1.83
Sharpe Ratio 2.2
Information Ratio 0.73
Alpha Ratio 1.37
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-12 Months (3%),12-24 Months (2%),24-36 Months (1%),36 Months and above(NIL)
Yield to Maturity 11.25%
Effective Maturity 3 Years 2 Months 29 Days
Modified Duration 2 Years 3 Months 7 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 13₹10,000
31 Dec 14₹11,189
31 Dec 15₹12,229
31 Dec 16₹13,294
31 Dec 17₹14,395
31 Dec 18₹15,610

Franklin India Credit Risk Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹209,201.
Net Profit of ₹29,201
Invest Now

Returns for Franklin India Credit Risk Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
1 Month 1.2%
3 Month 3.7%
6 Month 5.1%
1 Year 8.5%
3 Year 8.5%
5 Year 9.3%
10 Year
15 Year
Since launch 9.6%
Historical performance (Yearly) on absolute basis
YearReturns
2017 8.4%
2016 8.3%
2015 8.7%
2014 9.3%
2013 11.9%
2012 8.6%
2011 11%
2010
2009
2008
Fund Manager information for Franklin India Credit Risk Fund
NameSinceTenure
Santosh Kamath15 Apr 144.55 Yr.
Kunal Agrawal25 Oct 180.02 Yr.

Data below for Franklin India Credit Risk Fund as on 30 Nov 18

Asset Allocation
Asset ClassValue
Debt96.72%
Other3.28%
Debt Sector Allocation
SectorValue
Corporate95.31%
Government1.41%
Credit Quality
RatingValue
A53.08%
AA46.32%
AAA0.6%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
DOLVI Minerals & Metals Private Limited
Debentures | -
6%₹456 Cr2,750
SHRIRAM TRANSPORT FINANCE COMPANY LIMITED
Debentures | -
5%₹391 Cr3,930
↑ 1,900
Idea Cellular Limited
Debentures | -
5%₹333 Cr3,370
ADANI RAIL INFRA PRIVATE LIMITED
Debentures | -
4%₹309 Cr300
Renew Power Ventures Private Limited
Debentures | -
4%₹277 Cr2,795
EDELWEISS COMMODITIES SERVICES LIMITED
Debentures | -
3%₹240 Cr2,400
↑ 2,400
Call, Cash & Other Assets
Receivables | -
3%₹234 Cr
Rishanth Wholesale Trading Private Ltd.
Debentures | -
3%₹231 Cr230
Piramal Enterprises Limited
Debentures | -
3%₹230 Cr2,300
Andhra Pradesh Capital Region Development Authority
Debentures | -
3%₹207 Cr10,250

10. SBI Magnum Ultra Short Duration Fund

(Erstwhile SBI Magnum InstaCash Fund)

To provide the investors an opportunity to earn returns through investment in debt & money market securities, while having the benefit of a very high degree of liquidity.

SBI Magnum Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 21 May 99. It is a fund with Low risk and has given a CAGR/Annualized return of 7.4% since its launch.  Return for 2018 was 7.9% , 2017 was 6.6% and 2016 was 7.7% .

Below is the key information for SBI Magnum Ultra Short Duration Fund

SBI Magnum Ultra Short Duration Fund
Growth
Launch Date 21 May 99
NAV (18 Jan 19) ₹4,078.35 ↑ 0.97   (0.02 %)
Net Assets (Cr) ₹4,419 on 30 Nov 18
Category Debt - Ultrashort Bond
AMC SBI Funds Management Private Limited
Rating
Risk Low
Expense Ratio 0.22
Sharpe Ratio 13.15
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment
Exit Load NIL
Yield to Maturity 7.97%
Effective Maturity 3 Months 14 Days
Modified Duration 3 Months 7 Days

Growth of 10,000 investment over the years.

DateValue
31 Dec 13₹10,000
31 Dec 14₹10,903
31 Dec 15₹11,809
31 Dec 16₹12,713
31 Dec 17₹13,553
31 Dec 18₹14,626

SBI Magnum Ultra Short Duration Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for SBI Magnum Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
1 Month 0.8%
3 Month 2.3%
6 Month 4.2%
1 Year 8.1%
3 Year 7.4%
5 Year 7.9%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
2017 7.9%
2016 6.6%
2015 7.7%
2014 8.3%
2013 9%
2012 9.3%
2011 9.3%
2010 8.7%
2009 5.4%
2008 4.8%
Fund Manager information for SBI Magnum Ultra Short Duration Fund
NameSinceTenure
Rajeev Radhakrishnan1 May 108.51 Yr.

Data below for SBI Magnum Ultra Short Duration Fund as on 30 Nov 18

Asset Allocation
Asset ClassValue
Cash57.84%
Debt41.43%
Other0.73%
Debt Sector Allocation
SectorValue
Cash Equivalent46.34%
Corporate42.37%
Government10.56%
Credit Quality
RatingValue
AA10.36%
AAA89.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD (CHOLAMANDALAM DBS FINANCE LTD)
Commercial Paper | -
6%₹290 Cr6,000
↑ 6,000
Novy MIR Lightweighting Solutions Private Limited
Debentures | -
4%₹211 Cr42
LIC Housing Finance Limited
Debentures | -
4%₹200 Cr2,000
↑ 2,000
National Housing Bank
Debentures | -
4%₹200 Cr2,000
JSW STEEL LIMITED
Commercial Paper | -
4%₹196 Cr4,000
REC LIMITED
Commercial Paper | -
4%₹195 Cr4,000
↑ 4,000
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
Commercial Paper | -
4%₹193 Cr4,000
↑ 4,000
RMZ Infotech Private Limited
Debentures | -
4%₹184 Cr1,750
AXIS BANK LIMITED
Certificate of Deposit | -
3%₹180 Cr19,300
↑ 19,300
Small Industries Development Bank Of India
Debentures | -
3%₹175 Cr1,750

Mutual Fund Companies

There are 42 Mutual Fund companies in India (called Asset Management Companies “AMCs”) which provide mutual fund schemes which investors can invest in. These Mutual Fund companies are regulated by SEBI. Some of the noticeable Mutual Fund Companies are:

1. SBI Mutual Fund

SBI Mutual Fund was set up in 1987 by the State Bank of India. Today SBI MF manages INR 1,57,025 crore (Mar-31-2017) of assets. It is one of largest asset management companies in India and offers over 70 funds across categories of equity, debt and balanced.

2. HDFC Mutual Fund

Setup in the year 2000, HDFC asset management company is one of the prominent asset managers looking after some famous names such as HDFC Equity Funds and the HDFC top 200 Fund. Today, it manages INR 2,37,177 crore (Mar-31-2017) of assets. It has schemes across asset classes and boasts of over 63 schemes that it manages. It is backed by the parent of the very large banking institution called Housing Development Finance Corporation (HDFC).

3. Reliance Mutual Fund

Setup in 1995, Reliance Mutual Fund is one of the oldest Mutual Fund companies in India. With explosive growth over the last 2 decades, today it has over 210890 crores (Mar-31-2017) of assets under management. It manages some of the oldest funds in the industry such as Reliance Vision Fund, Reliance Growth Fund, Reliance Banking Fund & Reliance Liquid Fund.

4. UTI Mutual Fund

UTI Mutual Fund is the oldest asset management company in India. Mutual Funds in India started in 1963 with the formation of the Unit Trust of India (UTI), since then UTI has grown over the years. Today, UTI AMC is a very large asset manager with assets of 1,36,810 crore (Mar-31-2017). Some of its prominent funds are UTI equity fund and UTI MNC Fund. It offers fund across asset classes.

5. Franklin Templeton Mutual Fund

Franklin Mutual Fund was set up in 1995. It is also a large fund house with assets of 81,615 crores (Mar-31-2017). Franklin Templeton Mutual Fund is backed by the US parent Templeton International Inc. Franklin Templeton Mutual Fund is a very process driven fund house

6. LIC Mutual Fund

Backed by the Life Insurance Corporation of India (LIC), this mutual fund company started operations in 1994. Today it manages about INR 21,475 crore (Mar-31-2017) of assets.

7. Blackrock Mutual Fund

DSP BlackRock Mutual Fund is a joint venture of DSP Group and BlackRock Inc. Setup in 1996 the fund house manages across asset classes. It manages names such as the DSP Blackrock Microcap Fund & the DSP Blackrock taxsaver Fund.

How To Invest In Mutual Funds

How to invest in Mutual Funds?There are various avenues to invest, one can go directly to funds houses, also one can use the services of a broker or distributor or one can even use a financial advisor. There are many advantages of using the services of a distributor, instead of going to different AMCs, making the process cumbersome one can use a distributor who can help interact and do the purchases & redemptions with all of them and make the process easy for the investor. Today, investors can also make the purchase of mutual funds online and be sitting at home to complete the entire process.

Mutual Fund Investment Plans

One can make various Mutual Fund investment plans given the risk profile of the investor. For those who can take higher risk, there are equity funds and for those with lower risk, there are debt/money market funds. One can do goal planning with various calculators to achieve a goal such as buying a house, car or any other asset. Using a SIP over a period of time one can try and achieve these goals. Also, using asset allocation one can choose the mix of assets given the level of risk one can tolerate.

Mutual Fund NAV

The industry is very transparent; funds are required to publish their prices daily. The price is known as the Net Asset Value (NAV). All mutual funds are required by SEBI to publish their NAV daily. The NAVs are published on websites of most AMCs as well as at the website of AMFI to ensure transparency.

Mutual Fund Calculator

The mutual fund calculator is a very important tool to plan for goals using SIPs and also to see how one can grow using the systematic investment plan. Taking basic inputs such as expected growth rate and inflation it can do all sorts of calculations. Access the calculator here:

Know Your Monthly SIP Amount

   
My Goal Amount:
Goal Tenure:
Years
Expected Annual Returns:
%
Total investment required is ₹56/month for 5 Years
  or   ₹2,381 one time (Lumpsum)
to achieve ₹5,000
Invest Now

Mutual Funds: Index Funds

Today, there are many index funds also available on the mutual fund platform. These are offered by various mutual fund companies. Other than index funds, there are various Exchange Traded Fund (ETFs) also available on the mutual fund platform.Nifty ETFs, Gold ETFs etc to name a few are all available in the fund's form.

Mutual Fund Ratings

Mutual funds ratings today are provided by many players like CRISIL, ICRA, MorningStar etc to name a few. mutual fund ratings usually take in a number of quantitative as well as qualitative factors to arrive at the final rating. The Mutual Fund rating is a good starting point for an investor in selecting the scheme.

Today, mutual funds have become an important route for retail investors, and choosing the best fund is very important for investors. Investors should always do their bit of research in understanding which funds to invest in and choosing the right distributor/advisor to help them on this journey.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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Bholanath, posted on 30 Nov 18 4:21 PM

Great Read. Informative Page about all types of mutual funds.

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