Sharekhan Mutual Fund Finder February 2020 | Vol. IV, Issue No.

Top Equity Fund Picks Data as on January 01, 2020

Absolute % Compounded Annualised % (Point to Point)
Scheme Name *Riskometer NAV (Rs.) (Point to Point)
6 months 1 yr 3 yrs 5 yrs Since Inception
Large Cap Funds
Axis Bluechip Fund - Growth Moderately High 32 6.3 18.2 20.3 10.6 12.4
Mirae Asset Large Cap Fund - Reg - Growth Moderately High 54 3.6 12.5 15.8 11.8 15.5
Nippon India Large Cap Fund - Growth Moderately High 36 -0.8 6.7 14.0 8.9 10.8
ICICI Prudential Bluechip Fund - Growth Moderately High 45 2.6 9.6 13.1 9.2 13.7
Kotak Bluechip Fund - Reg - Growth Moderately High 253 6.1 14.2 13.1 9.1 19.7
UTI Mastershare Unit Scheme - Growth Moderately High 129 4.2 10.4 12.6 8.1 15.4
HDFC Top 100 Fund - Growth Moderately High 502 -2.9 7.4 12.6 7.8 19.4
Large & Mid Cap Fund
Invesco India Growth Opportunities Fund - Growth Moderately High 36 5.0 10.5 15.5 10.6 10.9
Sundaram Large and Mid Cap Fund - Reg - Growth Moderately High 37 4.3 10.0 14.6 10.8 10.7
Kotak Equity Opportunities Fund - Reg - Growth Moderately High 128 5.7 13.0 12.9 10.2 18.1
SBI Large & Midcap Fund - Growth Moderately High 229 2.0 6.8 12.5 9.7 14.1
DSP Equity Opportunities Fund - Reg - Growth Moderately High 235 5.7 11.4 12.4 10.8 17.4
Principal Emerging Bluechip Fund - Growth Moderately High 108 3.5 6.7 12.3 10.8 23.8
IDFC Core Equity Fund - Reg - Growth Moderately High 46 0.5 3.9 10.6 8.9 11.2
ICICI Prudential Large & Mid Cap Fund - Growth Moderately High 334 0.2 6.2 8.9 7.2 17.7
Mid Cap Fund
Axis Midcap Fund - Growth Moderately High 40 7.5 11.5 17.8 9.8 16.8
Kotak Emerging Equity Fund - Reg - Growth Moderately High 41 3.8 9.3 11.3 10.5 11.6
DSP Midcap Fund - Reg - Growth Moderately High 57 4.7 9.4 11.1 10.3 14.2
Edelweiss Mid Cap Fund - Growth High 27 1.2 5.3 10.5 8.6 8.6
Franklin India Prima Fund - Growth Moderately High 962 0.2 3.6 9.5 8.7 19.1
BNP Paribas Mid Cap Fund - Growth High 33 3.6 6.1 9.2 8.0 9.2
ICICI Prudential MidCap Fund - Growth Moderately High 95 -0.9 -0.3 8.3 6.9 16.0
Small Cap Fund
Axis Small Cap Fund - Reg - Growth Moderately High 32 9.3 18.9 14.4 11.2 21.1
HDFC Small Cap Fund - Growth Moderately High 39 -8.8 -9.0 10.5 8.5 12.2
L&T Emerging Businesses Fund - Reg - Growth High 23 -3.5 -7.7 9.9 10.2 15.9
Kotak Small Cap Fund - Reg - Growth Moderately High 73 2.3 5.3 7.9 7.9 14.3
ICICI Prudential Smallcap Fund - Ret - Growth Moderately High 26 1.9 10.3 7.0 5.5 8.1
Franklin India Smaller Companies Fund - Growth Moderately High 50 -5.7 -4.8 4.2 6.4 12.2
Focused Fund
Axis Focused 25 Fund - Growth Moderately High 31 7.0 14.4 18.7 12.7 16.1
SBI Focused Equity Fund - Growth Moderately High 153 5.4 15.7 17.3 11.3 19.5
Sundaram Select Focus - Reg - Growth Moderately High 193 3.8 14.5 16.5 9.2 18.5
Motilal Oswal Focused 25 Fund - Reg - Growth Moderately High 24 8.0 16.6 14.0 10.0 14.3
Aditya Birla Sun Life Focused Equity Fund - Growth Moderately High 63 3.2 11.3 11.9 8.3 13.9
Franklin India Focused Equity Fund - Growth Moderately High 42 -0.8 10.3 11.8 8.2 12.3
Multi Cap Funds
Canara Robeco Equity Diversified Fund - Growth Moderately High 142 2.7 12.1 16.0 8.8 17.7
Kotak Standard Multicap Fund - Reg - Growth Moderately High 37 2.6 11.9 14.3 11.0 13.6
SBI Magnum Multi Cap Fund - Growth Moderately High 51 1.7 10.8 12.8 10.7 12.1
HDFC Equity Fund - Growth Moderately High 675 -3.5 6.5 12.3 7.5 18.3
Principal Multi Cap Growth Fund - Growth Moderately High 144 0.6 3.8 12.2 9.0 14.9
Nippon India Multi Cap Fund - Growth Moderately High 98 -2.9 2.1 12.1 5.7 16.7
Aditya Birla Sun Life Equity Fund - Growth Moderately High 762 4.3 8.4 11.6 10.5 22.5
ICICI Prudential Multicap Fund - Growth Moderately High 300 0.1 6.1 10.9 9.1 14.4
Value & Contra Funds
Kotak India EQ Contra Fund - Reg - Growth Moderately High 55 3.2 10.2 15.2 9.6 12.6
Invesco India Contra Fund - Growth Moderately High 49 1.7 5.8 14.3 10.6 13.3
Tata Equity P/E Fund - Reg - Growth Moderately High 138 2.0 5.5 11.0 9.7 18.4
HDFC Capital Builder Value Fund - Growth Moderately High 287 -1.9 -0.2 10.4 7.9 13.8
IDFC Sterling Value Fund - Reg - Growth Moderately High 48 -5.7 -6.0 9.7 5.9 14.1
ELSS
Mirae Asset Tax Saver Fund - Reg - Growth Moderately High 19 5.1 14.2 18.2 -- 17.4
Axis Long Term Equity Fund - Growth Moderately High 49 6.6 14.7 17.4 11.3 17.3
Canara Robeco Equity Tax Saver Fund - Growth Moderately High 68 1.2 10.5 14.5 8.5 19.3
BNP Paribas Long Term Equity Fund - Growth Moderately High 41 4.9 14.3 13.9 8.1 10.7
Invesco India Tax Plan - Growth Moderately High 54 3.5 9.1 13.6 9.9 13.8
Kotak Tax Saver Fund - Reg - Growth Moderately High 47 2.3 12.7 13.2 9.6 11.6
DSP Tax Saver Fund - Growth Moderately High 52 5.1 14.7 13.1 10.9 13.5
Aditya Birla Sun Life Tax Relief 96 - Growth Moderately High 32 3.9 4.6 12.6 10.0 10.4
Thematic/Sector Funds
ICICI Prudential Banking and Financial Services Fund - Retail - Growth High 70 1.6 14.3 18.4 13.2 18.7
Aditya Birla Sun Life Banking and Financial Services Fund - Reg - Growth High 31 3.9 14.2 18.3 13.6 20.8
Aditya Birla Sun Life India GenNext Fund - Growth High 92 9.1 14.4 16.3 12.5 16.6
L&T Infrastructure Fund - Reg - Growth High 15 -4.3 -3.0 9.1 8.4 3.5
DSP Natural Resources & New Energy Fund - Reg - Gth High 33 1.1 4.4 8.2 12.2 10.7

BNP Paribas Equity Schemes

Absolute % Compounded Annualised % (Point to Point)
(Point to Point)
Scheme Name Scheme Category
Since
For Private Circulation only

6 months 1 yr 3 yrs 5 yrs Inception

BNP Paribas Large Cap Fund - Growth Large Cap 5.6 16.8 15.5 8.8 16.1
BNP Paribas Long Term Equity Fund - Growth ELSS 4.9 14.3 13.9 8.1 10.7
BNP Paribas Multi Cap Fund - Growth Multi Cap 5.9 13.4 12.6 9.1 12.0
BNP Paribas Mid Cap Fund - Growth Mid Cap 3.6 6.1 9.2 8.0 9.2
BNP Paribas Focused 25 Equity Fund - Reg - Growth Focused 4.5 12.6 -- -- 1.2
BNP Paribas India Consumption Fund - Reg - Growth Thematic 9.8 18.5 -- -- 21.4
BNP Paribas Substantial Equity Hybrid Fund - Reg - Growth Aggressive Hybrid 7.5 16.3 -- -- 10.1
*The Riskometer will indicate five levels of risk – low (principal at low risk), moderately low (principal at moderately low risk), moderate (principal at moderate risk), moderately high (principal at moderately high risk) and high (principal at
high risk).

Registered Office: Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai
– 400042, Maharashtra. Tel: 022 - 61150000. Sharekhan Ltd.: SEBI Regn. Nos.: BSE / NSE / MSEI (CASH / F&O / CD) / MCX - Commodity: INZ000171337; DP: NSDL/CDSL-
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should read the Risk Disclosure Document issued by SEBI & relevant exchanges and the T&C on www.sharekhan.com; Investment in securities market are subject to
market risks, read all the related documents carefully before investing.
Sharekhan Mutual Fund Finder

Top SIP and Gold Fund Picks (*invested on 1st day of every month)
Top SIP Fund Picks (monthly SIP of Rs. 1,000)* Data as on January 01, 2020
Investment period 1 year 3 years 5 Year
Total amount invested (Rs.) 12,000 36,000 60,000
Compounded Compounded Compounded
Present Present Present
Scheme Name *Riskometer NAV (Rs.) Value (Rs.) Annualised Value (Rs.) Annualised Value (Rs.) Annualised
return (%) return (%) return (%)
Large Cap Fund
Axis Bluechip Fund - Growth Moderately High 32 13,056 19.8 44,549 15.1 84,547 14.1
Mirae Asset Large Cap Fund - Reg - Growth Moderately High 54 12,782 14.5 41,638 10.2 81,026 12.4
Kotak Bluechip Fund - Reg - Growth Moderately High 253 12,974 18.2 41,253 9.6 76,143 9.8
ICICI Prudential Bluechip Fund - Growth Moderately High 45 12,720 13.4 40,552 8.3 76,830 10.1
UTI Mastershare Unit Scheme - Growth Moderately High 129 12,727 13.5 40,516 8.3 74,784 9.0
Nippon India Large Cap Fund - Growth Moderately High 36 12,494 9.1 40,059 7.5 76,042 9.7
HDFC Top 100 Fund - Growth Moderately High 502 12,348 6.4 39,757 6.9 75,529 9.4
Large & Mid Cap Fund
Mirae Asset Emerging Bluechip Fund - Growth Moderately High 58 13,045 19.6 42,160 11.1 85,711 14.7
Sundaram Large and Mid Cap Fund - Reg - Growth Moderately High 37 12,799 14.9 41,092 9.3 79,446 11.5
Invesco India Growth Opportunities Fund - Growth Moderately High 36 12,754 14.0 41,075 9.2 78,430 11.0
Kotak Equity Opportunities Fund - Reg - Growth Moderately High 128 12,912 17.0 40,566 8.4 77,212 10.3
DSP Equity Opportunities Fund - Reg - Growth Moderately High 235 12,851 15.9 39,851 7.1 76,675 10.1
SBI Large & Midcap Fund - Growth Moderately High 229 12,588 10.9 39,497 6.5 74,030 8.6
ICICI Prudential Large & Mid Cap Fund - Growth Moderately High 334 12,556 10.3 38,350 4.4 71,755 7.3
Principal Emerging Bluechip Fund - Growth Moderately High 108 12,732 13.6 38,269 4.2 74,990 9.1
Mid Cap Fund
Axis Midcap Fund - Growth Moderately High 40 12,977 18.3 42,707 12.1 80,464 12.1
DSP Midcap Fund - Reg - Growth Moderately High 57 12,826 15.4 38,849 5.3 75,133 9.2
Kotak Emerging Equity Fund - Reg - Growth Moderately High 41 12,832 15.5 38,761 5.1 74,621 8.9
Franklin India Prima Fund - Growth Moderately High 962 12,339 6.2 37,280 2.4 70,742 6.7
BNP Paribas Mid Cap Fund - Growth High 33 12,752 14.0 37,214 2.3 68,723 5.5
Edelweiss Mid Cap Fund - Growth High 27 12,508 9.4 37,102 2.1 70,120 6.4
ICICI Prudential MidCap Fund - Growth Moderately High 95 12,265 4.9 36,364 0.7 68,416 5.4
Small Cap Fund
Axis Small Cap Fund - Reg - Growth Moderately High 32 13,328 25.1 42,616 11.9 80,747 12.2
SBI Small Cap Fund - Growth Moderately High 54 12,608 11.3 38,471 4.6 77,925 10.7
ICICI Prudential Smallcap Fund - Ret - Growth Moderately High 26 12,766 14.2 36,845 1.6 67,344 4.7
Kotak Small Cap Fund - Reg - Growth Moderately High 73 12,664 12.3 36,545 1.0 68,799 5.6
Nippon India Small Cap Fund - Growth Moderately High 39 12,252 4.6 35,500 -1.0 71,151 7.0
HDFC Small Cap Fund - Growth Moderately High 39 11,501 -8.9 34,548 -2.8 69,147 5.8
L&T Emerging Businesses Fund - Reg - Growth High 23 11,899 -1.8 34,043 -3.8 69,820 6.2
Focused Fund
SBI Focused Equity Fund - Growth Moderately High 153 12,994 18.6 42,820 12.2 82,026 12.9
Axis Focused 25 Fund - Growth Moderately High 31 13,119 21.0 42,737 12.1 83,743 13.7
Sundaram Select Focus - Reg - Growth Moderately High 193 12,861 16.1 42,070 11.0 79,458 11.5
Motilal Oswal Focused 25 Fund - Reg - Growth Moderately High 24 13,248 23.5 41,641 10.2 77,871 10.7
Aditya Birla Sun Life Focused Equity Fund - Growth Moderately High 63 12,792 14.7 40,095 7.5 74,850 9.1
Franklin India Focused Equity Fund - Growth Moderately High 42 12,571 10.6 39,667 6.8 74,148 8.7
Multi Cap Funds
Canara Robeco Equity Diversified Fund - Growth Moderately High 142 12,716 13.3 41,387 9.8 77,757 10.6
Kotak Standard Multicap Fund - Reg - Growth Moderately High 37 12,723 13.4 40,860 8.9 78,881 11.2
SBI Magnum Multi Cap Fund - Growth Moderately High 51 12,608 11.3 39,937 7.2 76,281 9.8
Aditya Birla Sun Life Equity Fund - Growth Moderately High 762 12,769 14.3 39,469 6.4 76,139 9.8
ICICI Prudential Multicap Fund - Growth Moderately High 300 12,502 9.3 39,331 6.2 74,098 8.6
HDFC Equity Fund - Growth Moderately High 675 12,342 6.3 39,318 6.1 74,648 9.0
Nippon India Multi Cap Fund - Growth Moderately High 98 12,311 5.7 38,831 5.3 71,236 7.0
Principal Multi Cap Growth Fund - Growth Moderately High 144 12,462 8.5 37,878 3.5 73,605 8.4
Value & Contra Funds
Kotak India EQ Contra Fund - Reg - Growth Moderately High 55 12,654 12.1 41,138 9.4 78,655 11.1
Invesco India Contra Fund - Growth Moderately High 49 12,539 10.0 39,705 6.8 77,160 10.3
Tata Equity P/E Fund - Reg - Growth Moderately High 138 12,521 9.6 37,903 3.6 74,720 9.0
HDFC Capital Builder Value Fund - Growth Moderately High 287 12,136 2.5 37,078 2.0 70,773 6.8
IDFC Sterling Value Fund - Reg - Growth Moderately High 48 11,932 -1.2 34,356 -3.2 66,323 4.1
Tax-saving funds (ELSS)
Axis Long Term Equity Fund - Growth Moderately High 49 13,085 20.4 42,914 12.4 81,142 12.4
Canara Robeco Equity Tax Saver Fund - Growth Moderately High 68 12,649 12.0 41,233 9.5 76,912 10.2
DSP Tax Saver Fund - Growth Moderately High 52 12,882 16.5 40,787 8.7 78,153 10.9
Kotak Tax Saver Fund - Reg - Growth Moderately High 47 12,811 15.1 40,718 8.6 76,788 10.1
BNP Paribas Long Term Equity Fund - Growth Moderately High 41 12,891 16.6 40,509 8.3 73,893 8.5
Invesco India Tax Plan - Growth Moderately High 54 12,710 13.2 40,379 8.0 76,305 9.9
Motilal Oswal Long Term Equity Fund - Reg - Growth Moderately High 19 13,126 21.2 40,100 7.5 79,794 11.7
Aditya Birla Sun Life Tax Relief 96 - Growth Moderately High 32 12,545 10.1 38,924 5.4 74,182 8.7

Data as on January 01, 2020

Top Fund Picks (Gold) (Returns in % <1 Year absolute and >1 year CAGR)
Gold Schemes *Riskometer AUM NAV 6 Months 1 Year 3 Years 5 Years Exp Ratio
SBI Gold Fund - Growth Moderately High 397 12 17.0 23.1 10.6 6.6 0.5
ICICI Prudential Regular Gold Savings Fund (FOF) - Growth Moderately High 86 13 15.1 21.8 9.8 6.6 0.4
Aditya Birla Sun Life Gold Fund - Growth Moderately High 76 12 10.7 18.6 9.7 6.1 0.5

SIP calculator Monthly SIP of Rs. 5,000 Crorepati calculator Target: Rs. 10,000,000
Expected maturity value of your monthly investment (Rs.) Expected investment per month to achieve your goal (Rs.)
Expected rate of Expected rate of
Years to achieve financial goal Years to achieve financial goal
returns (pa) returns (pa)
5 10 20 25 5 10 15 20
8% 369,834 920,828 2,964,736 4,786,833 8% 135,196 54,299 28,708 16,865
10% 390,412 1,032,760 3,828,485 6,689,452 10% 128,070 48,414 23,928 13,060
15% 448,408 1,393,286 7,579,775 16,420,369 15% 111,506 35,887 14,775 6,597
25% 599,222 2,664,023 34,295,476 118,774,708 25% 83,442 18,769 5,114 1,458
*The Riskometer will indicate five levels of risk – low (principal at low risk), moderately low (principal at moderately low risk), moderate (principal at moderate risk), moderately high (principal at moderately high risk) and high (principal at
high risk).

February 2020 2
Sharekhan Mutual Fund Finder

Top Hybrid and debt fund picks

Top Hybrid Funds (Returns in % <1 Year absolute and >1 year CAGR)

Scheme Name *Riskometer AUM NAV 6 Months 1 Year 3 Years 5 Years Since Inception
Aggressive Hybrid Fund
Mirae Asset Hybrid - Equity Fund - Reg - Growth Moderately High 3,190 16 3.6 11.9 13.2 -- 10.7
SBI Equity Hybrid Fund - Growth Moderately High 31,620 146 5.5 13.4 13.2 9.9 15.6
Canara Robeco Equity Hybrid Fund - Growth Moderately High 2,824 168 3.6 11.6 12.3 9.2 11.2
Sundaram Equity Hybrid Fund - Reg - Growth Moderately High 1,832 96 4.2 11.0 11.5 8.4 12.2
Principal Hybrid Equity Fund - Growth Moderately High 1,428 77 0.6 2.2 11.1 9.3 10.8
ICICI Prudential Equity & Debt Fund - Growth Moderately High 23,073 140 2.3 9.2 10.2 9.2 14.0
HDFC Hybrid Equity Fund - Growth Moderately High 20,582 55 0.5 7.4 10.1 8.6 15.4
Franklin India Equity Hybrid Fund - Growth Moderately High 1,803 125 1.7 7.9 8.7 7.7 13.4
Dynamic Asset Allocation AUM AUM NAV 1 Months 3 Months 6 Months 1 Years Exp Ratio
DSP Dynamic Asset Allocation Fund - Reg - Growth Moderate 1,138 16 0.5 2.7 5.7 8.8 2.4
IDFC Dynamic Equity Fund - Reg - Growth Moderately High 977 14 0.6 4.0 4.4 8.7 2.3
Nippon India Balanced Advantage Fund - Growth Moderately High 2,694 94 0.5 4.2 1.8 8.1 2.1
L&T Balanced Advantage Fund - Reg - Growth Moderately High 680 25 0.9 3.4 3.4 8.1 2.5
*ICICI Prudential Asset Allocator Fund (FOF) - Growth Moderately High 6,002 59 0.7 4.1 4.6 -- 1.3
Conservative Hybrid Fund AUM AUM NAV 6 Months 1 Year 3 Years 5 Years Exp Ratio
ICICI Prudential Regular Savings Fund - Growth Moderately High 1,710 45 4.9 9.6 9.1 9.0 2.0
Canara Robeco Conservative Hybrid Fund - Growth Moderately High 219 60 4.8 10.6 7.6 6.9 2.0
Kotak Debt Hybrid Fund - Reg - Growth Moderate 264 33 5.6 11.4 7.0 7.9 2.3
Franklin India Debt Hybrid Fund - Growth Moderately High 304 59 4.1 8.5 6.5 7.0 2.3
IDFC Regular Savings Fund - Reg - Growth Moderately High 202 23 3.9 8.3 6.5 7.1 2.2
Equity Savings AUM AUM NAV 1 Months 3 Months 6 Months 1 Years Exp Ratio
ICICI Prudential Equity Savings Fund - Reg - Growth Moderately High 1,521 15 1.0 4.4 4.3 10.5 1.4
Kotak Equity Savings Fund - Reg - Growth Moderately High 1,843 15 0.4 3.6 3.8 7.8 2.1
Tata Equity Savings Fund - Reg - Growth Moderately High 138 34 0.3 3.0 2.1 7.6 2.3
Edelweiss Equity Savings Fund - Reg - Growth Moderately High 114 15 0.3 3.1 3.1 7.0 1.7
HDFC Equity Savings Fund - Growth Moderately High 4,346 38 0.4 3.0 0.6 6.0 2.0
* As per SEBI categorization, this scheme falls in the Fund of Fund category but AMC is managing it as Dynamic Asset Allocation.

Top Debt Funds Tax rates for equity and debt funds
Data as on January 23, 2020
Dividend
Returns (%) Rate of tax on distributed income (payable by the MF scheme)
(simple annualised) Exp
AUM Individual/ Domestic NRI
Scheme name Category *Riskometer ratio
(Rs. cr) 1 3 6 1 HUF Company
(%)
mth mths mths yr
Equity oriented schemes 11.648% ^ 11.648% ^ 11.648% ^
Corporate Bond Fund
Debt oriented schemes 29.12% # 34.944% * 29.12% #
ICICI Prudential Corporate Bond Fund - Reg (Other than Infrastructure scheme)
Corporate Bond Moderate 11,339 8.2 8.2 8.7 9.9 0.6
- Growth
Infrastructure Debt Fund 29.12% # 34.944% * 5.824% $
Kotak Corporate Bond Fund - Std - Growth Corporate Bond Moderately Low 4,418 7.8 7.3 8.8 9.5 0.6
Aditya Birla Sun Life Corporate Bond Fund - ^ (10% + 12% Surcharge + 4% Cess) * (30% + 12% Surcharge + 4% Cess)
Corporate Bond Moderately Low 17,587 7.6 7.4 7.9 9.6 1.2 # (25% + 12% Surcharge + 4% Cess) $ (5% + 12% Surcharge + 4% Cess)
Reg - Growth
IDFC Corporate Bond Fund - Reg - Growth Corporate Bond Moderate 14,568 6.1 6.0 7.3 8.3 0.6 Capital gains taxation

Short Duration Fund Individual/ HUF Domestic NRI

Company
IDFC Bond Fund - Short Term Plan - Reg - Equity Oriented Schemes
Short Duration Fund Moderately Low 11,757 7.7 7.3 9.0 9.8 0.8
Growth
Long term capital
ICICI Prudential Short Term Fund - Growth Short Duration Fund Moderate 12,354 8.4 8.3 8.8 9.7 1.2 gains (units held
10%* 10%* 10%*
SBI Short Term Debt Fund - Growth Short Duration Fund Moderately Low 9,625 8.3 7.1 8.5 9.6 0.8 for more than 12
month)
L&T Short Term Bond Fund - Reg - Growth Short Duration Fund Moderately Low 4,866 7.2 6.6 8.4 9.4 0.7
Short term capital
Indices gains (units held
15%# 15%# 15%#
for 12 months
Nifty Short Duration Debt Index -- 6.8 6.7 8.2 9.1 -- or less)
Ultra Short Duration & Low Duration Fund
Debt oriented schemes
SBI Magnum Ultra Short Duration Fund -
Ultra Short Duration Low 12,192 5.9 6.2 7.1 7.8 0.5 Long term capital 20% After 20% After Listed-20% After
Growth
gains (units held indexation + indexation + indexation
L&T Ultra Short Term Fund - Growth Ultra Short Duration Moderately Low 2,454 5.4 5.5 6.5 7.4 0.6 for more than 36 Surcharge as Surcharge as Unlisted-10%
ICICI Prudential Savings Fund - Reg - Growth Low Duration Fund Moderately Low 21,306 7.6 7.4 8.0 8.7 0.5 month) applicable + 4% applicable + 4% Without indexation
Cess Cess (+ Surcharge as
IDFC Low Duration Fund - Reg - Growth Low Duration Fund Moderately Low 5,323 6.3 6.3 7.5 8.3 0.5 applicable + 4%
Cess)"
Index
Short term capital 30%^ + Surcharge "30% + Surcharge 30%^ + Surcharge
ICRA Liquid Index -- 5.2 5.3 5.7 6.5 -- gains (units held as applicable + as applicable + as applicable +
Liquid for 36 months 4% Cess 4% Cess 4% Cess
or less) 25%^^ +
Axis Liquid Fund - Growth Liquid Fund Low 29,119 5.1 5.2 5.6 6.5 0.2
Surcharge as
BNP Paribas Liquid Fund - Growth Liquid Fund Low 1,326 5.0 5.3 5.7 6.5 0.2 applicable + 4%
ICICI Prudential Liquid Fund - Reg - Growth Liquid Fund Low 55,665 5.0 5.1 5.5 6.4 0.3 Cess"
IDFC Cash Fund - Reg - Growth Liquid Fund Low 10,312 4.9 4.9 5.3 6.2 0.2 * On long-term capital gains exceeding Rs. 1 lakh & Surcharge as applicable + 4% Cess
# Plus Surcharge as applicable + 4% Cess
^ Assuming the investor falls into highest tax bracket
Index ^^ If total turnover or gross receipts during the financial year 2016-17 does not exceed Rs. 250 crores
Individual/HUF Surcharge- Surcharge at 15% on base tax, is applicable where income of Individual/HUF
ICRA Liquid Index -- 5.2 5.3 5.7 6.5 -- unit holders exceeds Rs. 1 crore and at 10% where income exceeds Rs. 50 lakhs but does not exceed
Rs. 1 crore
The Riskometer will indicate five levels of risk – low (principal at low risk), moderately low (principal at moderately low risk), moderate (principal at Domestic Company Surcharge- Surcharge at 7% on base tax is applicable where income of domestic
moderate risk), moderately high (principal at moderately high risk) and high (principal at high risk). corporate unit holders exceeds Rs 1 crore but does not exceed 10 crores and at 12% where income
exceeds 10 crores

February 2020 3
 Mutual Fund Selection Criteria
Equity Mutual Funds 2. ‘Risk’ - captured through Sharpe ratio, Sortino
ratio and Information ratio: These ratios are widely
Equity Mutual Fund selection within a particular category
used in the Mutual Fund industry to measure risk-
is done on two broad parameters, namely ‘Returns’ and
adjusted returns of a Mutual Fund scheme. The
‘Risk’. Our selection process helps to identify funds with
Sharpe Ratio considers Standard Deviation to
a track record of giving superior returns consistently
measure a portfolio’s risk-adjusted returns, whereas
compared to the category benchmark and peers. Along
the Information Ratio measures the ability of the
with superior returns, it is also important to factor in risk
portfolio manager to provide excess returns relative
and volatility in returns to take a holistic investment
to category benchmark on a consistent basis. We
decision. Equity Mutual Fund rating is decided by giving
also consider Sortino Ratio, which is similar to the
different weightages to the below mentioned risk and
Sharp Ratio, except that it uses downside deviation
return parameters.
instead of standard deviation in the denominator. We
Top Equity Picks give equal weightage (15% each) to the Sharp Ratio,
the Information Ratio and the Sortino ratio to finally
1. ‘Returns’ - measured across 1, 2 and 3 years: To
arrive at the ranking of a Mutual Fund scheme in a
rank the funds we give weightage of 10% to 1-year
particular category.
performance, 20% to 2-year performance and 30% to
3-year performance In addition to quantitative analysis, we also use qualitative
factors to filter out relatively smaller fund houses or funds
2. ‘Risk’ - captured through Sharpe ratio and Information
with small asset size to minimise allied risk.
ratio: These ratios are widely used in the Mutual Fund
industry to measure risk-adjusted returns of a Mutual Fixed Income or Debt Mutual Fund
Fund scheme. The Sharpe ratio considers Standard
In the Fixed Income Mutual Fund segment, the selection
Deviation to measure a portfolio’s risk-adjusted
is done by considering returns, along with other criteria
returns, whereas the information ratio measures
like credit quality, volatility, yield to maturity, modified
the ability of the portfolio manager to provide
duration, expense ratio etc. Also, the ranking depends
excess returns relative to category benchmark on a
upon macro-economic factors like the view on interest
consistent basis. We give a weightage of 20% each to
rates and the economic cycle. Overall, we follow a
both the ratios, to finally arrive at the ranking of the
conservative approach while recommending Debt Mutual
fund in a particular category.
Funds with a clear focus on minimising risks rather than
Top SIP Picks chasing marginally excess returns.
1. ‘Returns’ - measured across 1, 3 and 5 years SIP
returns: To rank the funds we give a 10% weightage
to 1-year SIP performance, 20% to 3-year SIP
performance and 25% to 5-year SIP performance.

Disclaimer:
This document is meant for sole use by the recipient and not for circulation. The information contained in this report is intended for general information
purposes only. The information published should not be used as a substitute for any form of investment advertisement, investment advice or
investment information. The information in this report has not been prepared taking into account specific investment objectives, financial situations
and needs of any particular investor, and therefore may not be suitable for you. You should verify all scheme related information before relying on it.
Further, the selection of the Mutual Funds for the purpose of including in the indicative portfolio does not in any way constitute any recommendation
by Sharekhan Limited with respect to the prospects or performance of these Mutual Funds. We recommend investors to seek advice from professional
financial advisors.
• Mutual funds, like securities investments, are subject to market and other risks and there can be no assurance that the objectives of any of the
schemes of the Fund will be achieved. Please read the Offer Document carefully in its entirety prior to making an investment decision.
• The NAV of units issued under the Schemes of mutual funds can go up or down depending on the factors and forces affecting capital markets
and may also be affected by changes in the general level of interest rates. The NAV of the units issued under the scheme may be affected, inter-
alia by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities. The NAV
will inter-alia be exposed to Price / Interest Rate Risk and Credit Risk.
• Past performance of any scheme of the Mutual fund do not indicate the future performance of the Schemes of the Mutual Fund. Sharekhan shall
not responsible or liable for any loss or shortfall incurred by the investors.
• Investors are not being offered any guaranteed or assured rate of return through this document.
Sharekhan and/or its associates receive commission for distribution of Mutual Funds from various Asset Management Companies (AMCs) and the
details of the commission rates earned from various Mutual Fund houses are available on our website. Sharekhan or its associates may have received
commission from AMCs whose funds are mentioned in the report during the period preceding twelve months from the date of this report for distribution
of Mutual Funds. Sharekhan also provides stock broking services to institutional clients including AMCs and hence may have received brokerage for
security transactions done by any of the above AMCs during the period preceding twelve months from the date of this report.
As per the Equity Linked Savings Scheme, 2005, investments made under the scheme qualify for tax benefits under Section 80C of Income Tax Act,
1961, and shall be locked-in for a period of 3 years from the date of allotment of units.
Sharekhan may offer or distribute Mutual Fund schemes of BNP Paribas Asset Management India Private Limited as both entities are part of the same
group BNP Paribas SA.

Compliance Officer: Mr. Joby John Meledan; Tel: 022-61150000; e-mail: compliance@sharekhan.com Contact: myaccount@sharekhan.com