................

BM-BME
CM
YK
SUNDAY • JULY 17, 2022
MUMBAI
₹12 • Pages 12
Volume 29 • Number 197
BENGALURU CHENNAI COIMBATORE HUBBALLI HYDERABAD KOCHI KOLKATA MADURAI MALAPPURAM
MANGALURU MUMBAI NOIDA THIRUVANANTHAPURAM TIRUCHIRAPALLI TIRUPATI VIJAYAWADA
VISAKHAPATNAM
INSIDE
BIG STORYP2
Bear Grip
Strong dollar and weak demand
have pulled down base metals.
Here is their outlook for rest of 2022
FUND INSIGHT P4
Inside Edge
A close look at SEBI's proposed
mutual fund insider trading rules
and what they mean for investors
TAKING STOCK P5
Shining Bright
A followup
on Fiem Industries,
whose shares are up 150 per cent
since our 'buy' call in March 2021
SAI PRABHAKAR
YADAVALLI
..........................................
BL Research Bureau
While a differentiated
product portfolio can give
pharma companies an edge
on growth, they seem to be
going slow on developing
them, going by their R&D
spends in recent years. Compared
to a CAGR of 8 per
cent in revenues over the
last five years for top
pharma players, the R&D
CAGR has been slower at 2
per cent. This is in sharp
contrast to the trend in the
last 10 years for the same set
of companies, where the
growth in R&D spend was
ahead of sales growth.
Reasons for slowdown
Some of the slowdown can
be attributed to the Covid
outbreak. While the pandemic
was positive for the
topline, bigticket
R&D
spending aimed at clinical
trials slowed in the last two
years. Secondly , companies
also optimised their R&D
spends in this period towards
complex products, diversifying
away from generics
that ha ve a different
development timeline. For
instance, 2030
generics filings
at a cost of $13
million
per product can be turned
around in 12
years, but
complex filings would cost
510
times more and require
23
times more turnaround
time.
For complex filings, the
major cost is absorbed at
the backend of the development
timeline and, hence,
the actual spends may show
up in future.
Sun Pharma has been
waiting for trial participants
to return to clinical
trial centres as the pandemic
restrictions are lifted.
Cipla’s second inhalation
product has scheduled the
study on 1,400 participants
in April2022
and hence can
witness a higher R&D spend.
After a period of trimming
proprietary development,
Dr Reddy’s portfolio of
products under development
can expand along
with the R&D allocation
from here on.
Even if the R&D spends
are slowing for companies,
investors can assess the
flight to value by the number
of complex products in
a company’s R&D pipeline.
Across companies, the common
R&D effort seem to be
on complex injectables or
biosimilars for the American
and European markets.
Adding further value are the
innovator molecules undergoing
clinical trials. Respiratory
products, depot injecjectables
(depot) and transdermals.
A urobindo’s
pneumococcal vaccine is at
an advanced stage of study
and filing. Zydus’ indigenous
DNA vaccine for Covid
and Dr Reddy’s Sputnik
Light (booster dose under
study) are eyeing some traction
from follow up sales
after missing the initial vaccination
opportunity . All
companies also develop regulatory
wise complex
products — 505 B(2) filings
— which in volve both technological
and regulatory innovation,
in challenging existing
patents.
That said, companies
must speed up R&D in vestments
for better growth.
The last five years of slowing
R&D growth was also the
period when the Nifty
Pharma index underperformed
the Nifty; it returned
26 per cent compared
to Nifty 50’s 62 per
cent. Innovation is the only
fallback for the pharmaceutical
industry which otherwise
faces pricing pressure
in almost ever y
geography.
tions and vaccines are also
making inroads into the
R&D plans of companies.
For example, Sun Pharma is
advancing two Phase 3 studies
for its Ilumy a and two
other innovator molecules
are in Phase 2 study.
Value-added pipeline
Cipla and Lupin ha ve made
a strong start in respirator y
products (two approved)
and are preparing the next
set with generic Advair and
generic Symbicort for Cipla.
Lupin has two respirator y
products under review and
six more are in early stages
of development.
Biocon has launched
three biosimilars, three
more are in review from the
first wave and two from the
second wave are in development.
A urobindo, Dr
Reddy’s, Lupin and Zydus
Lifesciences are also developing
their own biosimilars
targeted at developed and
other markets. Under complex
injectables Cipla,
Lupin, Zydus Lifesciences
and Aurobindo are developing
peptides, long acting inPharma
firms’ R&D spend lags topline growth
They are taking up value-added projects, but must step up R&D spends as only
innovation can fight pricing pressures
SHISHIR SINHA
..........................................
New Delhi, July 16
The rupee’s fall against the
dollar has been quite ‘mild’,
government sources said on
Saturday. Compared to the
previous three major occasions
— T aper T antrum of
2013, global financial crisis in
2008 and the Asian financial
crisis of 199798
— this time,
the fall is quite muted, they
said.
These remarks come at a
time when the
rupee has
been dipping,
down to 79.74
a dollar as on
Friday as
against 74.50
at the end of
December.
This means the dollar has
strengthened by about 7 per
cent till date in calendar
2022. On Thursday, the rupee
had breached the psychological
level of 80 during intraday
trade.
$-Re in past crises
During the Asian financial
crisis, between A ugust 1997
and August 1998, the US dollar
had strengthened 22 per
cent against the INR. In 2008
(global financial crisis) , from
February to October , and in
2013 (T aper T antrum), from
May 3 to August 28, the dollar
soared 28 per cent.
Global strengthening
“The strength of the US dollar
against the rupee cannot be
viewed as an isolated case. It
is just part of the strength of
the US dollar globally against
all currencies — developed or
emerging,” a government
source said.
He said the dollar has appreciated
against many
other currencies.
The US
dollar index
has gained 13
per cent this
year against
six major currencies
— the Euro, the British
pound, the Japanese yen, the
Swiss franc, the Canadian dollar
and the Swedish krona.
This is due to the change in
attitude towards risktaking
in financial markets. When
interest rates are low and dollar
supply is ample, investors
take risks and invest in the
stock markets of emerging
economies. India’s stock markets
soared in 2020 and 2021
because of international investors
flocking in.
Rupee’s weakening against
the dollar ‘quite mild’
Govt sources point to US unit firming
up against most major currencies
OUR BUREAU
..........................................
Mumbai, July 16
HDFC Bank reported a 19 per
cent yearonyear
( yoy)
increase
in the first quarter
standalone net profit at
₹9,196 crore against ₹7,730
crore in the yearago
period
on the back of healthy
growth in net interest income
and a decline in loan
loss provisions.
The Net Interest Income
rose about 14.5 per cent to
₹19,481 crore (₹17,009 crore
in the yearago
quarter).
Other income, which includes
commission from
nonfundbased
banking
activities, fees, earnings from
foreign exchange and derivative
transactions, profit/loss
from in vestments, dividends
from subsidiaries, and recoveries
from accounts previously
written off, inched up
1.6 per cent to ₹6,388 crore
(₹6,288.50 crore).
Provisions (other than tax)
and contingencies declined
34 per cent y oy
to ₹3,188
crore (₹4,831 crore). Gross
nonperforming
assets (GNPAs)
increased by ₹1,893 crore
during the quarter to ₹18,034
crore as of Juneend
2022.
GNPAs edged up to 1.28 per
cent of gross advances as at
Juneend
2022 against 1.17 per
cent as at Marchend
2022.
Net NPAs inched up to 0.35
per cent of net advances
against 0.32 per cent.
The bank’s core net interest
margin declined a tad to 4 per
cent of total assets against 4.1
per cent in the yearago
quarter. The total credit cost
ratio was lower at 0.91 per
cent compared to 1.67 per
cent for the quarter ending
June 30, 2021.
Total balance sheet
The total balance sheet size as
of June 30, 2022, was
₹21,09,772 crore up 20.3 per
cent from ₹17,53,941 crore in
June 30, 2021. Total advances
stood at ₹13,95,068 crore, an
increase of 21.6 per cent over
June 30, 2021.
Per the bank’s internal
business classification, retail
loans grew 21.7 per cent, commercial
and rural banking
loans rose 28.9 per cent and
corporate and wholesale
loans were up 15.7 per cent.
Overseas advances constituted
3.5 per cent of total
advances.
Total deposits as of June 30,
2022, stood at ₹16,04,760
crore, an increase of 19.2 per
cent over June 30, 2021. CASA
deposits comprised 45.8 per
cent of total deposits against
45.5 per cent as of June 30,
2021.
HDFC Bank Q1 net up 19% on higher NII
Decline in provisioning too boosts performance
SURESH P. IYENGAR
..........................................
Mumbai, July 16
With SEBI’s threemonth
ban
on launch of New Fund Offers
ending, mutual funds
(MFs) ha ve come out with a
slew of NFOs to shore up
their assets under management.
This is despite the oneyear
return of most equity
schemes slipping into the
red.
Interestingly, fund houses
are going with the in vestor
preference for passive funds
rather than actively managed
ones. With no major
IPOs slated for the next few
months, mutual funds are
hardselling
the NFOs.
In April, SEBI had banned
the launch of NFOs till July 1
so that MFs can set the new
system that stop accepting
money from pooled accounts
of brokers and distributors.
Slew of launches
Motilal Oswal MF has
launched two passive funds
on BSE Financials and Healthcare
while Adity a Birla Sun
Life MF has come out with
Nifty Financial Services ETF .
WhiteOak Capital MF and
Edelweiss MF have launched
a flexicap
and focussed
equity fund, respectively .
Despite the current debt
market turbulence, SBI MF
has launched a fixed maturity
plan of 1,361 days while
Quantum MF has come out
with a Nifty 50 ETF FoF. Apart
from these, another 1520
NFOs are expected to hit the
market in the next three
months.
Offer documents
At least eight AMCs, including
Kotak MF, Axis MF, Union
MF, PGIM India MF,
Sundaram MF, Baroda BNP
Paribas MF, LIC MF and Franklin
India MF, had filed offer
documents last month with
SEBI for new scheme launch.
Draft papers were filed for
another 15 schemes by a
dozen fund houses in April
and May.
Prateek Pant, Chief Business
Officer , WhiteOak Capital
Asset Management, said
the fund house had filed papers
for launching six NFOs
including tax saver, large and
midcap,
flexi cap and emerging
markets fund.
“We had received approval
for five and hope to get nod
for the emerging markets
fund once the current restrictions
are lifted. W e would
come out with NFOs on other
funds in coming months,” he
said.
Girirajan Murugan, CEO ,
FundsIndia, said NFOs with
differentiated offerings
should do well but overall inflows
may moderate since
the oneyear
return has
turned weak. So the initial
trend of NFO collections will
be critical and decide the
pace for future offerings, he
said.
Passive funds
Passive funds in the largecap
segment make more sense
given the high overlap across
active funds and their passive
benchmarks. Incrementally,
as seen in the last few
years, it is becoming difficult
for active largecap
funds to
provide reasonable outperformance
given the higher
expense ratios, he added.
Mopup
of funds through
NFOs had plunged 56 per
cent in the first quarter of
202223
to ₹3,307 crore
against ₹7,540 crore collected
in the same period last
year. MFs would have drawn a
blank but for the NFOs
launched in March and April.
Of the four NFOs that closed
in April, ICICI MF s offer accounted
for the lion’s share
of collection at ₹3,159 crore.
As SEBI ban ends, MFs launch slew of NFOs
Mop-up may moderate with 1-year returns on equity plans turning negative
New on the block
B Motilal Oswal MF has launched two passive funds on
BSE Financials and Healthcare
...................................................................................
...................................................................................
...................................................................................
...................................................................
B Aditya Birla Sun Life MF has come out with Nifty Financial
Services ETF
...................................................................................
...................................................................................
...................................................................................
...................................................................
B WhiteOak Capital MF and Edelweiss MF have launched a flexicap
and focussed equity fund, respectively
...................................................................................
...................................................................................
...................................................................................
...................................................................
B SBI MF has launched a fixed maturity plan of 1,361 days while
Quantum MF has come out with a Nifty 50 ETF FoF
...................................................................................
...................................................................................
...................................................................................
...................................................................
PARV SHAH
..........................................
BL Research Bureau
Investors with a long term
perspective can accumulate
the stock of Power
Grid Corporation.
As market volatility
reigns, stocks with good
and sustainable dividend
are likely to fare better .
Power Grid Corp ,
with its attractive
dividend yield
of 5.6 per cent (7
per cent including
special dividend),
appears
a good
investment in this
context.
It is the biggest player in
the power transmission
space and has near monopoly
in the interState
transmission system of India.
It handles about 50 per
cent of India’s total power
transmission and a majority
of its revenue comes
from regulated tariffs
set by CERC . This
ensures complete
pass
through of
costs and a
fixed Return
on Equity on
its projects,
providing stability
and visibility to earnings.
This also provides
comfort that its dividends
are sustainable and may
also increase as its dividend
pay out ratio has
consistently risen in recent
years. The valuation is also
reasonable with the stock
trading at a PE of 8.5 times.
Power Grid Corp: Accumulate
NARAYANAN V
..........................................
Chennai, July 16
For the hospitality industry of
Chennai, the festival season
has come early this year
thanks to the 44th Chess
Olympiad. Rooms in top hotels
and resorts in and around
Chennai are sold out ahead of
the world’s big gest chess
event. The event will be held
between July 28 and August 10
at Mamallapuram, a beach resort
town and a Unesco Heritage
site, 40 km south of
Chennai.
ITC Hotels said its WelcomHotel
Kences Palm Beach
property in Mamallapuram, is
fully booked during the event
days and is one of the early
shortlisted
hotels by the government
and the Chess Federation.
Tucked away amid lush
greenery and swaying palm
trees, the hotel boasts of 94
luxurious rooms, including 17
Club Rooms, 23 Garden Cottages,
42 Garden Bungalows, 8
Beach Villas and 4 Sea Suites.
“With limited in ventory,
and the surge of international
visitors, the demand for hotel
rooms on the ChennaiMamallapuram
East Coast
Road and the parallel Old Mahabalipuram
Road is high;
the city hotels are surely going
to be positively impacted.
ITC Grand Chola has been receiving
a significant number
of enquiries from international
tra vellers,” said Zubin
Songadwala, GM ITC Grand
Chola and Area Manager ITC
Hotels, South.
Similarly, a spokesperson of
the luxur y hotels brand T aj
said it will be hosting the participants
of the Chess
Olympiad at its iconic Taj Fisherman’s
Cove Resort and Spa,
located midway between
Chennai and Mamallapuram.
Taj said a number of chess
players will also be staying at
its 5star
hotel, Vivanta Chennai
on the IT Expressway; the
property has 200 designforward
rooms and suites.
The Chess Olympiad was
originally scheduled to be
held in Russia. However, the
World Chess Federation (FIDE)
decided to change the venue
after the Ukraine war broke
out, giving India an opportunity
to host the event for the
first time. The event is likely to
attract nearly 2,000 visitors
from over 180 countries.
TN on global map
Shabin Sarvotham, Senior
General Manager , Radisson
Blu Resort Temple Bay, Mamallapuram,
said the event will
put Tamil Nadu on the global
tourism map . “T amil Nadu
has a bouquet of attractions
including temples, beaches,
Unesco heritage sites, hill stations,
national parks etc. We
have been quiet about it all
along. This event will change
everything.” Radisson Blu Resort
Temple Bay, located a km
from the event venue, has allotted
around 140 rooms for
the Olympiad participants
and delegates. ITC Hotels’
Songadwala also said the
Olympiad will surely catapult
Tamil Nadu globally, Mamallapuram,
in particular . “The
scalability and scope of execution
of this large event will reinstil
confidence in Brand
Tamil Nadu. This will be the
second largest movement of
people into the city after the
Chinese Premier’s visit.”
Anticipating huge arrivals,
the State government and the
All India Chess Federation
have requested hotels in the
Old Mahabalipuram Road
and the East Coast Road to not
accept any other bookings till
the event concludes, a hospitality
player said.
Chess Olympiad brings big cheer to Chennai hotels
Most leading hotels and resorts in and around the city are fully booked for the big
event
Thambi, the mascot of Chess Olympiad 2022, is seen on
Chennai’s iconic Marina Beach front SRINIVASAN KV
OUR BUREAU
..........................................
Mumbai, July 16
Lower order of rate hikes can
bring down inflation faster ,
conditional upon higher exchange
rate passthrough
(ERPT), according to Reserve
Bank of India Deputy Governor
MD Patra.
Updated estimates
of timevar
ying ERPT
suggest an increase in
passthrough
of exchange
rate changes to
domestic inflation , he
said.
ERPT, which refers to
the change in inflation
due to a unit change in
the exchange rate, has risen
from 0.11 in the prepandemic
period to 0.18.
“Rising levels and volatility
of inflation, exchange rate
volatility and higher crude oil
prices have led to higher ERPT.
This focusses attention on increased
monetary policy vigilance
on the growing role of
imported inflation, especially
if external shocks become
stronger,” Patra said at a ‘Seminar
of policy Issues: Interface
with professional forecasters’
earlier this month.
Patra’s observations come
in the backdrop of the rupee
depreciating almost 7
per cent since the start
of the Ukraine war and
the RBI hiking the repo
rate from 4 per cent to
4.90 per cent in two
stages. Patra observed
that the high frequency
indicators for
Q1 202223
are mixed;
however, amidst a sea
of red and yellow, greens are
making their appearance.
According to an article on
the ‘State of the economy’ in
the RBI’s latest monthly bulletin,
in a global landscape
marred by fears of recession
and war, the Indian economy
shows resilience.
Lower order of rate hikes can
bring down inflation faster: RBI
MD Patra, RBI
Deputy
Governor
Regd. TN/ARD/14/09-11, RNI No. 55320/94
AKHIL NALLAMUTHU
..........................................
BL Research Bureau
The adage “Sell in May and go away” would have
made sense had someone gone short on commodities
in May. Results would’ve been even
better had they sold in March as most of the
commodities peaked in that month! Specifically, all base
metals are now in the bear market territory after falling
over 20 per cent from their peak (see table).
In our yearly outlook published in earlyJanuary
when
all metal prices were continuing their bull run, we projected
that the prices could top out in the first quarter
and could see a drop for the rest of the year. While the
price moved in line with our expectations, the fall was so
sharp that all metals have now dropped to the levels we
expected them to reach only by the end of 2022.
What kept the bulls going early this year? What led to
the sudden change in trend and the subsequent slump
in prices? Will the bears punch more?
Here are our answers.
War-led rally
The year 2021 was a great one for metals. The prices rallied
significantly on the back of supply disruptions
caused by the pandemic, central bank liquidity and the
economic recovery following easing of lockdowns. The
Bloomberg Base Metal Spot Price Index was up nearly 33
per cent for the year.
In early2022,
expectations of the central banks — especially
the US Fed, embarking on a rate hike cycle and
then pulling the plug on liquidity, were gaining traction.
One would expect such steps to weigh on asset
prices including metals.
But then, the RussiaUkraine
war gave the bulls one
last push, as supply concerns propped up again. Metals
went on to hit further highs. At its peak, on March 7, the
Bloomberg Base Metal Spot Price Index was up 27 per
cent yeartodate.
However, the rally did not sustain as
several headwinds came to the fore.
Inflation, the Fed, and the dollar
Among all, inflation became a major point of discussion
as it started spiking above the upper limit of central
banks. What was thought to be transitory at first, proved
otherwise across geographies.
Global inflation continued to rise in 2022 and hit 9.1
per cent in June, according to Bloomberg data. The US inflation,
too, was in an upswing and, notably, hit a fourdecadehigh
9.1 per cent in June. Similarly, Euro area inflation
shot up to 8.6 per cent in June.
So, concerns of inflation staying at elevated levels
nudged central banks, especially the US Fed, to turn
hawkish. The policy changes in the US are critical for the
global economy and the saying, “When the US sneezes,
the world catches cold,” stays true till date.
Faster rate hikes were carried out and the Fed raised
the policy rate from 0.25 per cent in January to 1.75 per
cent in June. Consequently, treasury yields shot up from
1.5 per cent by the end of last year to 3 per cent in June.
Since the tightening has been quicker than anticipated,
fears that the Fed might tighten far too quickly pushing
the economy into a recession, and hampering demand
for commodities, pulled metal prices down.
At the same time, investor sentiments weakened, and
they turned to safety. The US dollar, being a safe haven,
surged, and rising US treasury yields resulted in higher
demand for the dollar. The dollar index, now at around
108, has gained nearly 13 per cent so far in 2022. This too
hit metal prices as they are quoted in dollars in the international
market.
Recessionary concerns have also shifted the narrative
for metals to ‘weaker consumption’ rather than ‘tight
supply’ which dominated in the first quarter of this calendar
year.
No growth push
The International Monetar y Fund (IMF) expects the
global growth to slow significantly in 2022 to 3.6 per
cent from 6.1 per cent in 2021 as a consequence of the
RussiaUkraine
war.
The IMF expects the economic growth rate in China,
the world’s big gest producer and consumer of commodities,
to be at a much lower 4.4 per cent this year
compared to 8.1 per cent in 2021. Even if China recovers
and the consumption of metal improves from here, it
may not counterbalance the potential demand drop
from the US and Europe as they go through monetary
tightening.
Growth in the US and Euro area is expected to drop to
3.7 per cent and 2.8 per cent in 2022 as against 5.7 per
cent and 5.3 per cent, respectively in 2021, according to
the IMF.
Slowdown in major economies like China, the US and
Europe means weak demand and thus, consumption for
key commodities is expected to lag supply in 2022.
The International Copper Study Group (ICSG) projects
the global refined copper balance to be at a surplus of
1.42 lakh tonnes in 2022 and the International Nickel
Study Group (INSG) estimates that the global nickel balance
will be at a surplus of 67,000 tonnes this year.
Similarly, the International Lead and Zinc Study
Group (ILZSG) expects the demand for lead to fall short
of supply by 17,000 tonnes by the end of 2022. Zinc supply
is anticipated to be at a deficit of 2.92 lakh tonnes.
Yet, zinc was not spared of the commodity market onslaught
as they fell along with other nonferrous
metals,
likely, on concerns about global growth.
Weak economic growth will not only impact the demand
for base metals, but it can also result in suppressed
demand for crude oil, another key commodity.
Crude uncertainty
As global oil consumption outpaced supply since
mid2020,
the prices of crude oil soared. Higher demand
led to inventories decreasing by an average 1.4 million
barrels per day (MMbpd) between the third quarter of
2020 and first quarter of 2022, according to the Energy
Information Administration (EIA). But they forecast the
inventories to increase by 1.2 MMbpd in the second half
of this year due to increase in oil production and slowing
growth in consumption. So, EIA expects the average
price of crude oil, which was at $123 in June, to drop to
$97 in the final quarter of 2022.
However, there are a lot of uncertainties such as how
much Russian oil will reach the global market in the
coming months and how well can the OPEC Plus countries
meet their production targets.
Nevertheless, at this juncture, it appears that crude oil
could gradually decline in the coming months, as demand
is expected to weaken because of slowing growth.
A fall in crude oil prices can be good in a way, as it can
help cool down the inflation.
Outlook
Although the current selloff
in metal prices could slow
down, the lack of demand and strong dollar will continue
to put downward pressure. If this happens, users
of metals as inputs may get some breather from the margin
pressures that they have been facing. However, while
metal producers have been profiting from rising commodity
prices in the last couple of years, they might see a
dent in performance in the upcoming quarters.
Possibility of a downside in crude oil prices can be a
supportive factor for metal companies because of the
savings in energy costs which go into the production of
metals.
Below are our price projections for each commodity
based on technical analysis.
Metals still in
BEAR
GRIP
From a bull rally to the bear
market territory... Strong
dollar and weak demand
have led base metals to a
changed track. Where does
it go from here?
GETTY IMAGES/ISTOCKPHOTO
................BM-BME
Readers can share their views and suggestions in the comments section on our
website (thehindubusinessline.com/portfolio/), mail them to
blportfolio@thehindu.co.in, or tweet to us @BlPortfolio
CM
YK
2 BIG STORY MUMBAI
BusinessLine
SUNDAY • JULY 17 • 2022 BLPORTFOLIO
Here’s a look at how these commodities will fare in the coming months.
Fundamentally, weak demand is expected to weigh on
the prices. The charts too are bearish and there are no signs of a bullish reversal
yet, says Akhil Nallamuthu
Post hitting a high
of $10,845 in March,
the threemonth
rolling forward
contract of copper
on the London
Metal Exchange
(LME) began falling.
From the current level of $7,190.5, the
contract is likely to fall further towards the
nearest support at $6,850, where the 61.8 per
cent Fibonacci retracement of the prior rally
lies. A breach of this can drag the contract to
$6,250. But in case if there is a recovery from
here, it can be capped either at $8,400 or at
$8,500 from where there could be a fresh fall.
We might not see the contract rallying above
$8,500 this year.
Levels to watch
Support:
$6,850 and $6,250
Resistance:
$8,400 and $8,500
The threemonth
rolling forward
contract of
aluminium on the
LME hit a high of
$4,073.5 before
reversing lower. A
month ago, it invalidated a crucial support at
$2,750 and is currently trading at $2,343. There
appears to be more on the downside. While
$2,300 is a minor support, the contract is
expected to gradually fall below this level and
reach the support band of $2,0002,100
before the end of this year. If at all there is
recovery, either from the current level or after
declining to the $2,0002,100
range, it will
most likely be restricted to $2,750. That is, the
contract is set to end the year below $2,750.
Levels to watch
Support:
$2,100 and $2,000
Resistance:
$2,500 and $2,750
The threemonth
rolling forward
contract of zinc on
the LME marked a
record high of $4,896
in March. It then
made a Uturn
and
tumbled. The contract extended the fall and
last week it breached a key support at $2,950.
This leaves the door open for another leg of a
downswing from here and the nearest
notable support is at $2,500. Subsequent
support is at $2,370 thus making the price
area of $2,3702,500
a support band. The
contract is likely to fall to this region before
the end of this year. If there is a rally from
here, it can be capped at $3,130 a
resistance
level.
Levels to watch
Support:
$2,500 and $2,370
Resistance:
$3,130 and $3,400
After largely staying
in the range of
$2,1352,480
between June 2021
and midMarch
this
year, the
threemonth
rolling
forward contract of
lead on the LME breached the support at
$2,135 in March. This turned the outlook
bearish for the contract. Yet, currently
hovering around $1,944, the contract has
been moving within the range of $1,8802,000
for the past few weeks. If it falls below $1,880
from here, it can fall to $1,750 before the end
of this year. But, on the other hand, if it
breaks out of $2,000, it can rally to $2,135, but
not beyond that.
Levels to watch
Support:
$1,880 and $1,750
Resistance:
$2,000 and $2,135
The Brent futures on
the ICE
(Intercontinental
Exchange) hit a high
of $139.4 in March.
But then it lost
momentum and has
largely been oscillating between $98 and $124.
The contract is currently testing the support
at $98. A break downwards below this level
can change the nearterm
trend to bearish
and such a break will almost certainly drag
the contract to the immediate notable
support at $85. Thereafter, it could stay within
the $85100
price region for quite some time.
If Brent futures slip below $85, it could see a
decline to $70. A fall below $70 in 2022 though
can be a lowprobability
event.
Levels to watch
Support:
$98 and $85
Resistance:
$115 and $124
Technical outlook
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PARV SHAH
..........................................
BL Research Bureau
Kotak Cherry platform is open for all investors
from June 2 . It attempts to
provide in vestors with holistic in vestment
solutions through its website and
mobile application. It offers in vestment
solutions ranging from mutual
funds, stocks, bonds, REITs (Real Estate
Investment T rust), ETFs (Exchangetraded
funds) and NPS (National Pension
Scheme). Here we review the application
based on its capabilities and
comparison with its peers.
How different from Kotak 811
Kotak 811 works as a digital banking
solutions provider by offering customers
with zerobalance
savings account
along with features such as mobile
banking, auto sweep facility , virtual
debit card, online shopping portal KayMall
comprising various offers for different
sites such as IRCTC, Flipkart and
Goibibo, among others. While the bank
has its securities platform — namely Kotak
Securities, largely focussed on stock
broking and mutual funds and doesn’t
offer what the new app brings to the
table.
Kotak Cherry is different from these
two in a sense that it helps in vestors
take broader asset allocation decisions
by providing them with various investment
products. It’s a platform which
would allow you to operate a demat account
just like a bank account and
that’s big differentiator between Kotak
Cherry and Kotak 811.
Who can use Kotak Cherry
The retail investors who aim at diversifying
their portfolio by investing into
multiple assetclasses
and curated
products such as stocks baskets and
mutual fund baskets in one place can
use Kotak Cherry platform. For investing
in most of its products such as
stocks, bonds and mutual
funds, investors need not
necessarily ha ve trading
account with Kotak
Securities and
bank account
with Kotak
Mahindra Bank.
However, in vestment
in banking
products such as
fixed deposit, recurring
deposit
and even NPS is currently
accessible only
to Kotak Mahindra
Bank accountholders.
What’s good
Attempting to be a onestop
solution
for investors, Kotak Cherry will be competing
with brokers and platforms
such as Zerodha, Groww, Kuvera, IndMoney
and even with newlylaunched
robo advisor y enabled goalbased
investing
platform HDFC Money . While
most of the platforms provide investors
with equity trading and mutual
funds, ver y few ha ve focussed on taxsaving
in vestment option NPS (National
Pension Scheme), bonds, REIT s
(Real Estate Investment Trust), and curated
products such as mutual fund baskets
and stock baskets available on Kotak
Cherry.
There are currently five mutual fund
baskets with minimum in vestment
amount range of ₹1,00015,000
a vailable,
each containing some of the mutual
funds based on different strategies.
It offers SIPs for which one needs to set
onetime
mandate and lumpsum
MF
investments under direct plans and
thereby no commissions are charged
unlike brokers such as HDFC Securities
that offer regular plans. Also, by uploading
consolidated account statement
(CAS) of CAMS, you can import into Kotak
Cherry your existing investments in
mutual funds made via other platforms
earlier. Similarly, Kotak Cherry provides
a platform for investors to in vest in
stocks, stock baskets, futures and options
which they can trade through
trading account with any broker. Further,
users are also provided with Kotak
Mahindra Bank fixed deposits.
There is a twofactor
authentication
system in place for ensuring the safety
of the individual’s account. Every time
you enter the application, you are asked
to fill email
and password. Also, there is
a page called Café which provides investors
with articles and videos relating
to different financial products to help
increase its users’ investing aptitude.
What it misses
While the app does have various useful
features, some improvement in the following
areas could enhance user
experience.
One, many brokers and platforms
provide in vestors with access to
direct investment in international
stocks, which is gaining
investor’s interest in
recent times. This is not
yet enabled on Kotak
Cherry.
Two, curated stock
baskets provided by
Kotak Cherr y can
help in vestors with
their strategic in vestment
goal, but the minimum
in vestment amount is ₹5
lakh, which is ver y high for retail
investors, a segment that Kotak
Cherry targets.
Three, on the deposit side, Kotak
Cherry provides investors with only
bank fixed deposit and that too of only
Kotak Mahindra Bank. While Groww offers
multiple bank fixed deposit options
to its investors and other applications
such as Kuvera and IndMoney
provide investors the opportuity to invest
in corporate deposits too.
Four, the platform has a userfriendly
interface, but the na vigation part
might be a a bit cumbersome for Kotak
Cherry users. This is because for investments
in some of its products, the execution
doesn’t happen on the Kotak
Cherry platform itself. Instead, you will
be redirected to your existing broker’s
page for investing in stocks, and for NPS
and deposit, you will be redirected to
the Kotak Mahindra Bank page (for
accountholders).
Ultimately, Kotak Cherr y scores
when it comes to providing in vestors
with some of the additional in vestment
products such as bonds, NPS and
curated in vestment solutions such as
mutual fund baskets and stock baskets
while it lags behind its peers in terms of
ease of use, na vigation and international
stock investing.
Packs many colours, but misses a few
While the app has various useful features, some improvement is needed to lift user
experience
GETTY IMAGES/ISTOCKPHOTO
PLATFORM REVIEW Kotak Cherry
THUMBS UP
It scores in providing
investors with access
to bonds, NPS and
curated investment
solutions such as MF
and stock baskets
Joint development of vacant land along with a builder
for constructing apartments is of recent phenomena.
This arrangement is done by land owner offering the
land to the builder through an agreement and
construction is done by the builder at his cost. Transfer
of property happens by selling undivided share of land
to the prospective buyers of the flats by separate
registration. But through construction agreement and
tripartite agreement, flats are sold for total value of
land and building. There is mutual agreement between
land owner and the builder to share the number of flats
in agreed ratio say 50: 50 or 60:40 etc. In such cases
how the land owner has to calculate gain on his
property for long term capital gain?
R. NARASIMHAN
Section 45(5A) of the Income Tax Act, 1961 introduced
by Finance Act, 2017 provides for determination of
capital gains where land and building are sold together
under a specified agreement (JDA). This subsection
was
introduced to minimise the genuine hardship that a
land owner being an individual may face, in paying
capital gains tax since definition of the term “transfer”
includes an arrangement where any rights are handed
over in execution of part performance of a contract
even though legal title is not transferred.
While capital gains has to be computed based on
whether the transfer (sale of flat) took place before or
after the issue of certificate of completion, section
45(5A) will be applicable only when the transfer takes
place after issue of certificate of completion.
Where the flat is sold after issue of certificate of
completion, the value of consideration would be stamp
duty value as on date of issue of certificate of
completion; cost of acquisition would be the Indexed
Cost of Acquisition of the Land or FMV as on 01.04.2001,
whichever is higher proportionate the number of flats
sold (assuming the sale of all flats do not happen at the
same time); the resultant capital gains / loss would
need to be considered in the FY in which certificate of
completion is issued.
Total consideration (A) Stamp duty value on the date
of issue of completion certificate plus cash
consideration received, if any
Less: Cost of acquisition (B) Indexed Cost of
Acquisition of Land or FMV as on 01.04.2001 whichever
is higher Proportionate to the number of flats sold
Capital Gains / Loss (A) – (B) Taxable in the year in
which certificate of completion is issued
Where the transfer of ownership of the property
(individual flats in this case) takes place on or before
issue of certificate of completion, then capital gains
would be taxable in the financial year in which the flats
are sold; cost of acquisition would be the Indexed Cost
of Acquisition of the Land or FMV as on 01.04.2001,
whichever is higher proportionate the number of flats
sold (assuming the sale of all flats do not happen at the
same time) and consideration would be the stamp duty
value as on the date of sale plus cash consideration
received, if any:
Total consideration (A) Cash consideration received
Less: Cost of acquisition (B) Indexed cost of
acquisition of land or FMV as on 01.04.2001, whichever
is higher proportionate to the number of flats sold
Capital Gains / Loss (A) – (B) taxable in the year in
which the flats are sold (Transfer of ownership)
My father (since deceased) had invested in physical
shares in the 1970s. Consequent to demat being
introduced, the shares were dematted. He had shifted
demat account/trading account on a few occasions and
the above shares have travelled from one DP to
another. Consequent to his demise, the shares were
transmitted in my name. In the absence of purchase
price, how to calculate the tax implications if i sell the
shares now?
JAYARAMAN JAIKUMAR
Cost of acquisition of listed equity shares acquired
prior to January 31, 2018 would be the higher of—the
cost of acquisition of such asset; and lower of—the fair
market value of such asset; and the full value of
consideration received or accruing as a result of the
transfer of the capital asset. In this case, since the
shares were purchased prior to January 31, 2018, fair
market value of the shares as on January 31, 2018 can be
considered as the cost of acquisition.
TAX
QUERY
SUDHAKAR SETHURAMAN
The writer is Partner, Deloitte India.
Send your queries to taxtalk@thehindu.co.in
................BM-BME
SANDEEP JHUNJHUNWALA
..........................................
As most individual taxpayers approach
the incometax
return filing deadline,
unfamiliarity with tax laws and recurrently
changing disclosure requirements
in incometax
returns tend to
send shivers down their spine. The regulators
have endeavoured to make return
preparation and filing process seamless
through concepts such as prefilled
ITRs,
among others, especially for individuals
who are not sure whether their return
adequately discloses information. However,
paradoxically, the regulators have
also, over time, amplified the quantum
of disclosures in ITRs with intention of
upgrading them for congruence with
amended tax la ws, unearthing instances
of misreporting and under reporting
of income etc, in turn, increasing
taxpayers’ anxiety. From taxpayers’
perspective, one should be abreast of
key disclosure requirements to shield
themselves from farreaching
consequences
of any default.
Capital gains schedule
Additional disclosures are introduced
in Schedule CG in connection with sale
of land or buildings or both requiring
separate disclosures of cost of improvement
and year of improvement unlike
previous years' ITR forms, which directly
required reporting of indexed cost of
improvement. Details of date of sale and
purchase are also mandated in case of
sale of land or buildings or both.
PF contribution disclosure
As per amendments introduced vide
Finance Act, 2021, no exemption is to be
allowed for interest income accrued in
recognised and statutor y PF to the extent
it relates to amounts contributed
by employee exceeding ₹2.5 lakh in any
previous year . Where there is no employer
contribution, the limit of ₹2.5
lakh is increased to ₹5 lakh. The new ITR
forms ha ve modified "Schedule OS"
(Other Sources) to incorporate the reporting
requirement of exempt and
nonexempt
interest income under the
amended provisions.
Annual information statement
With the objective of building a robust
taxpayer's database, with effect from
AY202122,
the Annual Information
Statement (AIS)/Tax Information Statement
(TIS) were made comprehensive
to contain information about taxpayer's
income, taxes paid, demand and refund,
financial transactions, incometax
proceedings,
etc. With such abundance of
information a vailable to taxmen, taxpayers
should exercise vigilance and ensure
that income reported, and disclosures
made in ITR forms, align with AIS
information. Where reconciliation is required,
thrust should be to get it off the
hook prior to filing ITR to steer clear of
errors on processing of ITR forms.
Where bank statements are used as a
base document to select income for reporting,
taxpayers should be mindful
that credits appearing therein are net of
TDS and gross amounts are to be reported
as taxable income in ITR forms. Individuals
with total income exceeding
₹50 lakhare required to disclose details
of all assets and liabilities held at the end
of the relevant year in "Schedule AL". Nil
or inadequate disclosures, under or misreporting
of income in ITR have vexed
taxpayers with defect notices subjecting
them to the rigmarole of revising returns.
The thumb ruleis to be diligent in
understanding the information needs
and dotting the i's and crossing the t's
well before the return filing deadline.
ESOP tax deferment
To ease the burden of tax payment on exercise
of ESOPs, emplo yees of eligible
(IMBcertified)
startups
are granted a
benefit of tax deferral on perquisite
value of such ESOPs. ITR forms have been
modified to include a new schedule
titled "Schedule: Tax deferred on ESOP"
to enable taxpayers and tax authorities
to monitor deferred tax amounts and
the year in which such taxes are required
to be paid. This schedule requires
individuals who are eligible for
tax deferral to provide details of
broughtforward
tax deferrals, date of
sale of shares allotted on exercise of
ESOPs and tax attributable to such sale,
date of employment cessation (if applicable),
amount of tax payable in the current
year and tax deferral carried forward
to subsequent years. The tax
deferral schedule for ESOPs is provided
in ITR2
and ITR3.
Employees of eligible
startups
with only salary income who,
hitherto, reported income in ITR1,
should be mindful of their ITR choice
and furnish ITR2
where ESOPs are exercised
during the reporting period.
Where a taxpayer is not an employee of
an eligible startup
, perquisite tax
would apply in the year of exercise and
get reported in salar y schedule of ITR
form, along with other perquisites.
Foreign assets reporting period
Schedule FA necessitates resident taxpayers
to report foreign assets and foreignsourced
income. ITR forms,
hitherto, required disclosures of foreign
assets only if taxpayer held such assets
anytime during the relevant accounting
period, which essentially corresponded
to the period adopted for closure of
accounts and tax filings in foreign jurisdiction
where assets are located. To assuage
misunderstandings caused by
the overlap of previous year (AprilMarch)
which is the reporting period
followed for India incometax
purposes
and the term ‘accounting period’, new
ITR forms have replaced the expression
“accounting period” with “calendar
year”, requiring disclosure of foreign assets
held anytime during the calendar
year ending as on December 31, 2021, in
ITR for FY 202122.
The author is Partner, Nangia Andersen LLP.
With inputs from Amita Jivrajani and
Usha Uppala
Ensuring a defect-free ITR
Know key disclosure norms to shield from consequences of any default
GETTY IMAGES/ISTOCKPHOTO
DE-TAX
IMPROPER
DISCLOSURES
Nil or inadequate
disclosures, under or
misreporting of
income in ITR have
vexed taxpayers with
defect notices
subjecting them to
the rigmarole of
revising returns
SBI, ICICI hike FCNRB rates
SBI and ICICI Bank have
hiked their interest rates
on their foreign currency
non-resident bank
(FCNRB) deposits. This
move came within a
week after the RBI lifted interest rate caps
on such deposits. SBI has hiked its
deposit rates in the range of 25 basis
points (bps) to 85 bps on various
currencies. ICICI, on other hand, hiked 75
basis points on bulk deposits alone. The
rate of interest being offered by SBI on
FCNRB dollar deposits above one year but
less than two years is 2.85 per cent
(previously 2 per cent) and 3.25 per cent
on five year deposit. ICICI bank is offering
3.35 per cent (previously 2.5 per cent) on
$ 3,50,000 and above for the period of
one year to two years.
Home loan partnership
India Mortgage
Guarantee Corporation
(IMGC) has announced its
strategic partnership
with RBL Bank to offer
innovative mortgage
guarantee backed home loan products
for salaried and non-salaried prospective
customers. This partnership with IMGC
will help RBL Bank extend such home
loans to new borrower segments
through its network of over 500 branches
across the country. The combined
expertise is expected to enable a
compelling value proposition for its
customers and help create a conducive
lending environment for early
homeownership by ensuring timely
disbursal of housing credit and longer
tenure to customers, a statement said.
UPI enabled NPS platform
Bank of India has
launched its digital mode
for NPS enrollment in
association with
K-fintech. Customers can
now open the NPS
account on their mobile in a hassle free
and paperless manner, simply by
scanning the QR code. The new digital
platform was inaugurated by Supratim
Bandhyopadhyay, Chairman, Pension
Fund Regulatory and Devlopment
Authority (PFRDA). The digital process of
account opening is simple, fast and
completely paperless making it easier for
the customers to open the new account
in just a few clicks. Further, new
subscribers can also make additional
contributions through QR code. The NPS
scheme offers number of benefits.
ALERTS
Direct tax payments
Kotak Mahindra Bank has
announced the
completion of its
technical integration
with the brand new
e-filing portal
(www.eportal.incometax.gov.in) making
it one of the first private sector banks to
be fully integrated with the new Income
Tax department portal. Now Kotak
Mahindra Bank customers - individuals as
well as corporates - can pay their direct
taxes conveniently through the e-pay tax
tab on the portal using Kotak Net Banking
or by visiting a branch. In October 2021,
Kotak Bank became the first scheduled
private sector Bank to receive approval as
a collections partner for taxes, after the
announcement to permit all banks to
participate in government business.
CM
YK
MUMBAI
BusinessLine 3 SUNDAY • JULY 17 • 2022 YOUR MONEY
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KUMAR SHANKAR ROY
..........................................
BL Research Bureau
It is a wellknown
fact that MNC stocks
listed in India offer an interesting mix
of good management, technological
edge, high utilisation of capital,
strong balance sheet and established
brands. But in the last one,
threeand
fiveyear
periods, MNC stocks have underperformed
largecaps
(Nifty 100).
Given the current market scenario, if
MNC stocks play catch up , in vestors
should bet on a wellperforming
MNC
fund, with a proven ability to cap
downside risks.
Investors with mediumrisk
appetite
seeking to buy a compact portfolio
of largeand
midcap
focused stocks,
with a dash of overseas equity , can
consider SBI Magnum Global Fund.
One of the oldest running thematic
equity schemes, this 28year
offering
has a trackrecord
of stable performance.
While the MNC fund categor y
performance has been a tale of contrasting
fortunes since Covidlows
in
March 2020, SBI Magnum Global has
held steady even as some peers found
the going tough.
Strategy and performance
SBI Magnum Global aims to provide
investors with opportunities for longterm
capital appreciation through an
active management of investments in
diversified portfolio comprising
primarily of MNC companies. It
defines as those with major shareholding
is by a foreign entity, Indian
companies ha ving over 50 per cent
turnover from regions outside India
or foreignlisted
companies.
The fund in vests minimum of 80
per cent within the MNC space. It has
the flexibility to in vest up to 20 per
cent outside the MNC space. Currently,
domestic equities account for
76.2 per cent and overseas equities 18.1
per cent and the rest is in cash. The
fund follows a bottomup
approach to
stockpicking
and chooses companies
across sectors or market capitalisation.
MNC (Nifty MNC TRI) stocks in the
last one,
threeand
fiveyear
trailing
periods ha ve underperformed the
broader market. Even in such an environment,
SBI Magnum Global has held
its fort. Over a decade ended July 12,on
a oneyear
and threeyear
rolling
basis, the fund has beaten its benchmark
over 60 per cent of the times
(highest among peers) with a verage
returns at 19.07 per cent and 15.39 per
cent, respectively.
In terms of downside capture, the
fund boasts one of the lowest ratios
(79 per cent) compared to 96 per cent
for ABSL MNC Fund and 98 per cent for
UTI MNC Fund. Alongside, the fund
has the lower beta (0.84) as well as
standard deviation (16.3) compared to
other MNC fundpeers.
These risk metrics
shore up the fund’s credentials as
one with reasonably lower volatility as
well as one with a trackrecord
of delivering
more predictable returns
over time.
Portfolio
SBI Magnum Global currently has a 24stock
portfolio , the most compact
among all the MNC funds. T op10
stocks, including Maruti Suzuki, P&G
Hygiene, Grindwell, Schaeffler and
SKF, account for 53.5 per cent of assets.
Currently, 22 per cent is in largecaps,
38 per cent in midcaps,
16 per
cent in smallcaps
and the balance in
others, as per ACE MF data. Over the
last 12 months, the fund has halved its
largecap
exposure, while allocating
more to midcaps
and smallcaps.
At
the same time, it hasn't pivoted to a
midcap
hea vy portfolio like ABSL
MNC Fund (70 per cent).
The fund's top holding is Maruti Suzuki,
which is expected to benefit
from return of product lifecycle that
will drive market share recover y,
while strong demand, improving supplies
and stable commodity prices
propel margin improvement.
FMCG stocks HUL and Nestle, which
together make the fund's biggest sector
weight, are expected to post pricehike
led revenue growth, going forward.
The MNC fund' s other key sectoral
plays are capital goods, auto and
auto components, and information
technology. If inflationar y pressures
moderate, domestic growth prospects
may not be as bleak with signs of recovery
in the residential real estate
sector as well as in the manufacturing
sector. This can bode well for capex recovery
plays.
Compared to MNC categor y peers,
SBI Magnum Global has a higher allocation
to consumer staples, capital
goods, services and metals/mining.
The fund appears less bullish on
healthcare compared to peers such as
ABSL MNC and ICICI Pru MNC.
In terms of overseas stocks, the fund
has 37
per cent allocation each to
Nvidia, Microsoft, Netflix and
Alphabet.
Holding promise for investors
A well-performing MNC fund, with a proven ability to cap downside risks
Why
B Compact portfolio
...................................................................................
..............................
B Reasonably lower
volatility
...................................................................................
..............................
B Outperformance over
benchmark
...................................................................................
..............................
FUND CALL SBI Magnum Global
................BMBME
NIR KAISSAR
..........................................
Trading apps such as Robinhood Markets
Inc. introduced millions of investors
to the stock market during the
pandemic, and many of them are experiencing
a bear market for the first
time. I suspect they ha ve already
learned some valuable lessons, notably
that picking stocks is much more
difficult in a down market.
Foremost among them is that although
it’s reasonable to expect the
market to rise over time, no one
knows what it will do in the short
term. Naturally, people want guidance
during a downturn; they want to
know when their in vestment accounts
will stop shrinking. The financial
industry knows this, so it parades
out its prognosticators to tell the public
how low stocks will go and how
long the bear market will last.
Let me save you some time and disappointment:
These wouldbe
oracles
have no idea where the market is going.
Worse, most of them know there’s
no way to anticipate markets’ moves.
But they can’t resist the opportunity
to promote their firms and themselves
because they also know that
nothing grabs in vestors’ attention
like a declining market.
Understanding bear markets
Still, bear markets do end eventually,
even if it never feels that way at the
time. There have been 12 bear markets
since 1945, generally defined as a stock
market decline of 20 per cent or more
from the previous high. Their average
duration was about a year from peak
to trough. Some, including the dotcom
bust, were closer to two years.
The big outlier was the Great Depression,
which coincided with a wave of
bear markets throughout the 1930s.
The fact that no one knows when a
bear market will end is one reason it’s
a mistake to put off investing or pull
money out of the market. Compounding
the problem, stocks tend to surge
at the start of a new bull market. So by
the time it’s obvious that the bear
market is over , a big chunk of the
gains is already in the books.
As a result, those who aren’t invested
when the bear market ends are invariably
forced to buy at higher prices
— and in some cases higher than the
price at which they sold previously. A
better approach is to keep buying at
regular intervals throughout a bear
market.
No stock is a sure bet
Bear markets are also a good reminder
that no stock is a sure bet. Companies
are more closely scrutinised during
prolonged downturns, which often reveals
and topples those that are dealing
dishonestly . Perhaps the bestknown
examples from the dotcom
bust are the energy giant Enron Corp.
and the telecom behemoth W orldCom
Inc., both of which were wiped
out when their accounting
shenanigans came to light.
It’s hard to convey to someone who
wasn’t around at the time just how
mighty both companies seemed before
they collapsed suddenly . The
closest I can come is to point out that
at the end of 1999, W orldCom was
among the largest 20 US companies
by market value and that several
months later , Enron broke into the
top 60. T oday, that would be like
Home Depot Inc. or CVS Health Corp.
disappearing overnight.
Other companies never regain their
former glory after a bear market. General
Electric Co. was the most highlyvalued
US company in 2000. I remember
people saying at the time that it
was the only stock anyone needed to
own. Today, GE isn’t even in the top
100, and it’s weighting in the S&P 500
Index is a rounding error . In vestors
who bought GE in 2000 lost about 70
per cent of their money through June,
and that includes the dividends the
company paid along the way. Betting
everything or even mostly on GE
turned out to be a terrifically bad idea.
Nor is it guaranteed that a stock will
reclaim its prebear
market high. Netflix
Inc. is down about 70 per cent
from its 52week
high of $700 a share.
It may never reach that level again.
Just because some in vestors paid
more for Netflix than it’s now worth
doesn’t mean the market is obliged to
return to that price.
Own the entire market
An easy way around these problems is
to own the entire stock market. Companies
and bear markets ha ve come
and gone, and still the S&P 500 has returned
roughly 10 per cent a year during
the past 150 years, including dividends.
S&P 500 funds are widely
available, as are funds that track the
full US stock market or global stocks
market.
Amid all the unknowns, one thing is
clear: Investors are most likely to succeed
when they in vest regularly in
lowcost
funds that track broad markets
and ignore everything else. That’s
never more important than during a
bear market. BLOOMBERG
Panic at the sight of a bear?
Bear markets have come and gone, and one way to win is to own the entire stock
market
GETTY IMAGES/ISTOCKPHOTO
Do’s and Don’ts
B Do not put off
investing or pull
money out of the
market
...................................................................................
..............................
B Keep buying at
regular intervals
throughout a bear
market
...................................................................................
..............................
B Invest regularly in
low-cost funds that
track broad
markets
...................................................................................
..............................
GLOBAL VIEW
ETF Movers
Top ETFs (Exchange Traded Funds) traded on NSE based on
weekly change in price
NAV
(₹)
Price
(₹)
Weekly
Change
in Price
(%)
Volume
traded in the
last week
(in ‘000s)
ETF
as on July 15
UTI Nifty Next 50 ETF 41 41 3 155
ICICI Pru Nifty Next 50 ETF 40 40 2 343
SBI ETFNifty
Next 50 407 407 2 129
Motilal Oswal Midcap 100 ETF 30 30 2 484
ABSL Nifty Next 50 ETF 40 40 2 18
Nippon India ETF Nifty Next 411 412 2 672
Mirae Nifty Next 50 ETF 393 393 1 15
Gold ETFs
SBI ETF Gold 45 45 0 1,883
HDFC Gold ETF 45 44 1
1,912
IDBI Gold ETF 4661 4622 1
1
Source: NSE website/Bloomberg. Returns as on July 15, 2022
Best NPS Plans
Top pension funds in each category based on 5year
CAGR
NAV (₹)
as on
July 8
Returns ( CAGR)
Name of the fund
1year
3year
5year
Assets
(₹ Cr)
TIER 1: EQUITY PLANS
HDFC Pension Fund 32 4 14 12 13,306
Birla Sun Life Pension Scheme 17 4 13 11 238
UTI Retirement Solutions 42 4 13 11 1,245
TIER I: GOVERNMENT BOND PLANS
LIC Pension Fund 23 1 5 8 3,074
HDFC Pension Fund 22 2 6 7 10,083
SBI Pension Fund 31 1 5 7 10,406
TIER I: CORPORATE DEBT PLANS
HDFC Pension Fund 23 3 8 8 6180
Birla Sun Life Pension Scheme 15 3 7 8 116
SBI Pension Fund 34 3 7 7 5046
TIER I: ALTERNATIVE INVESTMENTS
SBI Pension Fund 17 9 11 10 41
HDFC Pension Fund 16 10 9 9 104
LIC Pension Fund 15 6 7 8 9
Source: NPS Trust. Returns as on July 8, 2022
CM
YK
MUMBAI
4 BusinessLine SUNDAY • JULY 17 • FUND INSIGHT 2022
AARATI KRISHNAN
..........................................
Cases of insider trading in companies
often make headlines globally,
but not been much debate
around whether mutual funds
(MFs) too must be subject to an insider
trading regime.
SEBI has, last week, floated a consultation
paper sug gesting that
MF units be brought into the ambit
of its strict Prohibition of Insider
T rading (PIT) Regulations,
currently applicable only to listed
securities. Here are some topofthemind
questions for MF investors
answered.
Given that the NAV of an MF may
not move up or down with
material events, is an insider
trading regime necessary for MFs?
The NAV of an MF scheme usually
does not move up or down with
material events. But there can be
situations in which the fund’s NAV
or assets are set to get a boost or a
dent in future from a material
event. Debt funds are generally
more susceptible to such NA Vdenting
events. For instance, unknown
to the fund’s in vestors, a
debt fund may be facing liquidity
issues while selling bonds in the
portfolio, delayed repayments by
issuers, a planned writedown
or
writeback
of a bond it holds or a
proposed carveout
of its NA V to
create a segregated portfolio .
While debt funds are more susceptible
to such issues, equity
funds are not immune to them.
Even in the case of an equity fund,
insiders can get advance information
of an imminent merger or
winding up of the scheme, unusual
redemption pressures, the
exit or entry of a skilled fund manager
or a proposed change in manager
or mandate, and cash out
ahead of other in vestors. In all
such circumstances, fund insiders
who get wind of these events before
the AMC publishes an official
addendum intimating unitholders,
can redeem their units (or add
to them) ahead of others, to make
an unfair profit or avoid losses.
In its discussion paper, SEBI cites
an instance of a registrar and
transfer agent of a fund redeeming
all its units in a scheme after it
got wind of sensitive information.
After Franklin T empleton announced
the unprecedented winding
up of its six debt schemes, it
came to light that top executives
had redeemed part of their holdings
in these schemes just ahead of
the winding up announcement. In
these cases, insiders holding UPSI
would have got an exit at a higher
NAV than other fund investors.
Doesn’t SEBI have any regulations,
right now, to prevent insider
trading in MFs?
It does. It has issued several circulars
over the years that require key
officials of ever y AMC to refrain
from dealing in units during material
events and to internally report
such transactions. In October
2021, after the FT saga, SEBI issued a
circular that said that emplo yees
of the AMC, Board of Trustees, and
Board members of AMCs and a list
of access persons (key emplo yees
in a fund who ha ve access to top
management) should not buy or
sell any units in a scheme from the
fund house, when there is material
unpublished information relating
to a scheme. Where there is no unpublished
information, MF employees
and officials are free to buy
and sell units, provided they informed
the compliance officer
within seven days of their transaction.
Now, instead of enforcing insider
trading rules on MFs via
these circulars, SEBI is seeking to
include MFs within the scope of its
stringent PIT regulations, so that
gitimate purposes’. What is a legitimate
purpose is to be decided by
the AMC’s Board. Ahead of predictable
material events or when AMCs
are internally in possession of UPSI
relating to a scheme, the compliance
officer will declare an official
closure period during which none
of the designated employees of the
AMC can transact in the scheme’s
units. Even at times when there’s
no closure period in place, designated
emplo yees and their relatives
need prior permission from
the compliance officer to trade in
their units.
SEBI also plans to require all MFs
to share more information on
legal insider transactions on a
common platform ( yet to be set
up). At the end of ever y quarter ,
top emplo yees of the AMC and
trustees will be required to share
details of their holdings across
schemes. All transactions above
₹10 lakh by these insiders will also
be reported on the common platform
within 48 hours. However ,
these rules will come into effect
only if the consultation paper is
written into law, without changes.
the AMC, Trustees, CIOs, COO, Chief
Risk Officers, fund managers, dealers,
research analysts etc. T wo,
there’s a whole new set of ‘connected
persons’ who will be deemed
insiders. This set consists of employees
in registrars and transfer
agents, valuation agencies, credit
raters, fund accounting firms, lawyers,
AMFI officials and employees
of the sponsor or holding company
of the AMC. For good measure,
any other person who has
been associated with the MF, AMC
or its trustees in the two months
prior to a material event has any
contractual or professional relationship
with the fund and can access
or has accessed UPSI will be
deemed insiders.
What are rules for these insiders
when dealing in MF units?
Generally, all insiders – whether
fund employees or connected persons
– are barred from trading in
the units of a scheme when in possession
of UPSI. There is also a proposed
bar on any insider communicating
or allowing access to UPSI
to any other person, except for ‘leboth
enforcing the rules and imposing
penalties will be easier.
Who are fund insiders to be
covered by the new rules?
Under the proposed regulations,
there are two classes of people
who will be considered ‘insiders’
in an MF . First, there are ‘designated’
employees of the AMC such
as the CEO of the AMC, directors of
Inside SEBI’s new MF insider trading rules
The regulator last week floated a consultation paper suggesting that MF units be
brought into the ambit of PIT norms
GETTY IMAGES/ISTOCKPHOTO
MF TRACKER
Top PMS Schemes
Based on 5year
returns
Strategy
AUM
(in ₹ cr)
Returns (% CAGR)
AMC
1year
3year
5year
LARGE-CAP
Ambit Inv. Advisors Coffee Can 837 6
14 15
Aditya Birla
Sun Life AMC
Top 200 Core
Equity Portfolio
47 2 13 12
Sanctum Wealth Indian Olympians NA 3
9 11
ICICI Pru Largecap Strategy 82 4
10 11
MULTI-CAP
Solidarity Advisors Prudence 1,238 3
20 19
Valuequest
Inv. Advisors
Platinum 171 3 33 19
Sameeksha Capital Equity Fund 525 4
25 17
SBI MF SBI ESG Portfolio NA 11 22 16
Anvil Wealth
Management
Long Holding 1,246 7
22 16
Buoyant Capital Opportunities 427 8 19 15
MID-CAP
Unifi Capital Blended Rangoli
NA 2 30 20
Unifi Capital Insider Shadow NA 0 26 18
Unifi Capital APJ 20 NA 5
31 16
Centrum Pms Deep Value NA 3
26 16
SMALL-CAP
Equirus Wealth Long Horizon Fund 499 12
30 20
Right Horizons
Minerva India
UnderServed
NA 46 32 17
Centrum PMS Micro NA 6 30 17
Unifi Capital Green Fund NA 0 28 12
Source: PMS Bazaar. Returns as on June 30, 2022.
This PDF was originally uploade To Teligram channel_ LBS Newspaper platform
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PARVATHA VARDHINI C
..........................................
BL Research Bureau
Market correction since the peak in
October 2021 has seen several large,
midand
smallcap
stocks fall steeper
than key indices. But some smallcap
stocks such as Fiem Industries ha ve
been an exception, gaining 15 per cent
since then. In fact, the stock has
zoomed about 150 per cent from our
‘buy’ call at ₹598 in March 2021. With
the market past its purple patch, midand
smallcap
stocks remain vulnerable
to sharp corrections.
What should in vestors of Fiem Industries
do? Despite the runup
, we
think y ou can continue to hold the
stock for three reasons. One, after few
years of downturn, the auto sector is
on a cyclical recovery right now. This is
reflected in the Nifty A uto Index,
which is up 4.6 per cent from the October
2021 Nifty peak, as against
the Nifty’s 13 per cent fall.
Two, prospects for Fiem
remain bright, thanks
to presence in promising
segments
such as electric
vehicles (EV s) and
LED lamps. Three,
valuation continues
to be reasonable. At
the current market
price of ₹1,479, the stock
trades at about 20.5 times
its trailing 12month
earnings.
While this is higher than its fiveyear
historical average of 17 times, it is still
cheaper than peer lighting player in
the smallcap
space — Lumax Industries
— which trades at 33 times its
trailing earnings currently.
Cyclical upturn
Fiem Industries derives 95 per cent of
its revenues from the twowheelersegment,
with Honda, TVS, Yamaha and
Suzuki being its key clients. Caught in
a cyclical slowdown even as Covid hit,
the overall auto industr y sales
volumes shrunk by 18 per cent yearonyear
in FY20 and by another 13 per
cent in FY21. T wowheeler
sales
volumes too mirrored the industr y
fall in these two years. Into FY22, while
commercial vehicle sales picked up
riding on the economic recovery, passenger
vehicle sale (especially utility
vehicles) sa w good demand as well,
though hampered by chip shortages.
However, twowheelers
continued to
remain on a slippery slope, with sales
volumes falling by about 11 per cent in
the year ended March 2022. Being a
more pricesensitive
segment of the
auto industr y, twowheelers
faced
headwinds from price increases due
to higher input costs and soaring petrol
prices. Into this fiscal, demand is
making a comeback. In the first three
months, twowheeler
sales ha ve
soared 54 per cent. Though the
volumes are still below preCovid
levels, the low base from the downturn
in the last three years as well as
good rural demand are tailwinds for
bike sales.
Fiem is wellplaced
to ride on this
trend. The market share of Fiem’s key
clients Honda and TVS has moved up
from midsingle
digit numbers 10
years ago to 26.7 per cent and 15.2 per
cent respectively currently . T rends
such as rising share of
premium bike sales in the
overall twowheeler
mix bodes well for the
company as Fiem
supplies to Ro yal
Enfield, HarleyDavidson
as well as
other premium
bikes from Suzuki
and Y amaha. The
company has a
healthy pipeline of
more than 80 projects over
the next few years. It is supplying
to three new models of Hero MotoCorp,
expected to be launched in
2024.
LED, EV hold promise
What holds promise for Fiem is the
higher adoption of LED lights by twowheelers,
given the focus on energy efficiency,
be it through adoption of BS
VI norms, the Café Regulations or EVs.
Today, the mix of conventional lamps
to LEDs in its lighting segment stands
at 44 :56. The company expects the
share of LEDs to move up 5560
per
cent over the next three years. While
LED lamps may be priced 25
times
higher than con ventional ones, the
company does not automatically get
higher margins on this as, typically ,
most suppliers do not have good bargaining
power with auto manufacturers.
Even as LED share in the sales mix
has gone up steadily over the last few
years, the company’s operating margin
has remained at about 1012
per
cent, given that they operate on a ‘cost
plus 5 per cent margin’ terms with
their buyers.
However, higher capacity utilisation
following the comeback of demand
could lead to greater absorption
of fixed costs and bring about
operating leverage to drive the margins.
The current capacity utilisation
stands at about 80 per cent. Secondly,
higher content supplied per vehicle
will also give them more pricing
power. For example, Fiem is also supplying
mirrors and plastic parts to
some of its lighting customers. The
company’s relatively newer products
such as canisters (used for emission
control), bank or lean angle sensors
(to switch off engine when vehicle
skids) will also help improve content
per vehicle.
Fiem will be a beneficiary of the acceleration
in EV adoption as well. The
company currently earns less than 5
per cent of its revenues from supplies
to electric bikes currently and has
leading players such as Hero Electric,
Okinawa and Ampere for clients. It
also supplies to others such as Ola,
Tork and Revolt. It expects the share of
EV revenues to move up three times in
the next onetwo
years. The government
proposes 80 per cent EV sales
penetration to be achieved for twowheelers
by 2030, according to a statement
by the T ransport Minister last
year. As of 202122,
only about 4.3 lakh
electric twowheelers
(both registered
and unregistered) were sold in the
country which is about 3.2 per cent of
the total twowheeler
(ICE) sales. Even
assuming only a portion of the government’s
target is met, this will still
translate into substantial demand for
LED lamps.
Financials
For the year ended March 2022, net
sales grew 29 per cent yearonyear
to
₹1,578 crore and adjusted profits by 93
per cent to ₹95 crore. Though domestic
twowheeler
offtakes were
lacklustre, EV supplies, replacement
and export sales (especially for
Yamaha) helped topline growth to an
extent. Operating margins came in at
12.3 per cent vs 10.7 per cent a year ago.
The company has been on a debt reduction
run in the last few years and
interest costs have been progressively
reducing. For 202122,
it fell further by
26 per cent. Its debttoequity
ratio
stands at 0.03 times as of FY22. Capex
plans for FY23 is at ₹50 crore. Its deleveraging
efforts will come in handy
for further capacity expansions for
LEDs, with growing demand.
Still shining bright
Though this small-cap stock is up 150% from our ‘buy’ call in Mar-2021, there is
gas left in tank
Why
B Cyclical upturn
expected in
two-wheeler sales
...................................................................................
..............................
B Beneficiary of
increasing EV
penetration
...................................................................................
..............................
B Valuation at a slight
premium to 5-year
average
...................................................................................
..............................
FOLLOWUP
CALL Fiem Industries ₹1,479.70
PARV SHAH
..........................................
BL Research Bureau
The government’s ambitious target of
increasing India’s renewable power
generation capacity to 500 GW by
2030 will have to be backed by the expansion
and upgradation of the nation’s
existing power transmission infrastructure.
The government has
planned a capex of ₹3lakh
crore to be
spent on India’s power transmission
system. The big gest player in the
space is Power Grid Corporation of India.
The company has near monopoly
in the interState
transmission system
of India with 1,72,437 circuit km and
265 substations, and remains well positioned
to capitalise on the longterm
opportunities in the sector.
From its alltime
high of ₹248, the
stock has seen a correction of around
15 per cent. Currently, the stock trades
at a P/E of 8.5 times — lower than
its threeyear
average P/E of
9.7 times. In the current
scenario of market
volatility, longterm
investors can accumulate
the shares of
Power Grid Corporation
of India owing
to its reasonable valuation,
near monopoly
in the interState
power
transmission network,
stable project pipeline, assured
returns through regulated projects
and strong dividend yield.
Business
PowerGrid handles about 50 per cent
of India’s total power transmission.
For FY22, the company has generated
about 96 per cent of its revenue from
the transmission business, while
other sources of revenue ha ve been
telecom (2 per cent) and consultancy
(2 per cent). A majority of the company’s
transmission revenue comes
from the regulated tariffs set by the
Central Electricity Regulator y Commission
(CERC), which ensures complete
passthrough
of costs plus 15.5
per cent of pretax
ROE (Return on
Equity) on its completed projects
awarded under regulated tariff mechanism.
Along with this, the company earns
revenue under TBCB (tariffbased
competitive
bidding), where it competes
with private players such as Adani
Transmission and Sterlite T ransmission.
Here, projects are awarded to the
company providing cheapest bids and
tariffs are competitive. However, despite
the competition, the company
has been able to maintain its foothold
in TBCB with ₹14,800crore
worth of
workinhand
TBCB projects. Also , recently
the firm was declared the successful
bidder under TBCB for establishing
two 400kV DIC Transmission
lines passing through the States of Rajasthan
and Madhya Pradesh.
The company monetises many of its
assets by transferring them into InvIT
(infrastructure in vestment trust )
which was set up in 2021, wherein the
company holds more than 25per
cent
ownership being its sponsor . Currently,
the company has been transferring
some of its TBCB assets only.
On account of India already being
transited into single grid, further
opportunities in the interState
transmission space
seems to be lesser . The
trend of slowing capex
can continue for a
while; as for FY23, the
management expects
capex to be ₹8,000
crore as compared to
₹9,600 crore in FY 22.
Further, the company is
foraying into the distribution
segment with a potential
opportunity of 25 crore smart meters
(estimated market opportunity ₹1.5lakh
crore) and BESS battery
energ y
storage systems (1 GWH capacity completed
in LehKaithal
project).
One of the key metrics for investors
to track with regard to business is the
trends in capex and capitalisation.
Capex refers to in vestments in projects
that are yet to be commercialised.
Capitalisation of assets refers to
commercialisation of projects once
the capex has been completed. Capitalisation
occurs when the projects
which were part of capex earlier have
started contributing to the firm’s top
line, while assets under capex will be
commercialised in future.
Financials
The company saw a revenue growth of
about 5 per cent for FY22 compared to
previous year on a consolidated basis.
Revenue, while stable, has been low in
the recent years owing to slow pace of
capacity addition and project completion
which can be reflected through
drop of 4 per cent yearonyear
and 20
per cent yearonyear
for FY22 in capitalisation
and capex respectively .
EBITDA has seen an increase of 7.6 per
cent over last year, while margins have
remained stable at 87 per cent. PAT for
FY22 has seen an increase of 42 per
cent compared to the previous year ,
but such rise is mainly on account of
exceptional items.
In terms of leverage, the firm has
debttoequity
(D/E) ratio of around 1.8
times, which is reasonable for such
high capitalintensive
business. Its D/E
has been consistently reducing since
the level of 2.27 in 2018. Owing to
strong earnings visibility, the firm has
been able to raise lowcost
debt.
For FY22, the company has given dividends
of ₹14.75. Excluding special dividends,
it was at ₹11.75. This implies
an attractive dividend yield of 5.6 per
cent, while if special dividends are
also considered, dividend yield is 7 per
cent with pay out of close to 60 per
cent. The dividend payout has been on
a rise consistently over the last five
years, and the trend can continue in
the near future due to asset selldown
into InvIT and strong free cash flow accretion
on account of slowing capex.
Key risks
After the completion of One Nation
One Grid One Frequency mission — interconnectivity
of regional grids,
capex opportunities for Power Grid
Corporation are limited, which can
lead to muted nearterm
revenue
growth. Further , the Power Ministr y
aims to increasingly adopt TBCB
method for new projects where transmission
tariff shall be lower to the
tune of around 30 per cent compared
to the regulated tariff mechanism.
However, despite the nearterm
slowdown, opportunities to ride the
capex wave in the transmission space
will likely reemerge,
helping topline
growth to regain momentum when
renewable power generation picks up
pace. Hence investors can accumulate
the PowerGrid stock on account of defensive
characteristics, stable financials
and earnings visibility, attractive
dividend yield, and reasonable
valuation.
Secure bet for uncertain times
Near monopoly in inter-State transmission network and stable earnings are bright
spots
Why
B Attractive dividend
yield
...................................................................................
..............................
B Long term prospects
remain good
...................................................................................
..............................
B Dominant player in
the industry
...................................................................................
..............................
POWER TRANSMISSION Power Grid Corporation ₹209.40
................BM-BME
NALINAKANTHI V
..........................................
The big news last week was in the telecom sector, with
the over $200billion
Adani Group’s telecom arm Adani
Data Networks making public its decision to participate
in the upcoming 5G spectrum auction. This marks the
foray of the group into telecom industry. Following the
news, all Adani group stocks were in green, with Adani
Power Transmission, which is the group’s power arm,
being the biggest gainer last week.
The stock of Adani Transmission, which is the
country’s largest privatesector
power transmission
company, clocked 14 per cent gains in the week ended
July 15. The company owns over 18,300circuit
km power
transmission assets. Mumbai power distribution
business is housed in its subsidiary Adani Electricity
Mumbai Ltd (AEML). Qatar Investment Authority holds
25 per cent stake in AEML. Adani Transmission’s revenue
grew 13 per cent in FY22 to ₹11,257 crore, compared to
₹9,926 crore in FY21. However, profit performance
remained lacklustre with operating profit margin
declining from 51 per cent in FY21 to 48.8 per cent in FY22,
which had a cascading effect on its net profit. Reported
profit declined 4 per cent to ₹1,235 crore in FY22. The
stock currently trades at an astronomical valuation of
about 219 times its estimated FY23 earnings and 259
times its actual FY22 earnings. While there is a case for
sharing some of the power transmission infrastructure
like towers for telecom connectivity as well, the
optimism in the stock based on this appears farfetched.
The other significant gainer for the week was Star
Health and Allied Insurance, which is a key player in
the health insurance space. The stock made a good 16 per
cent gain for the week ended July 15. This was helped by
the company’s announcement regarding partnership
with the common service centre (CSC) of the Ministry of
Electronics and Information Technology. There are about
5 lakh CSCs across the country which deliver
government and public services to people in the rural
areas. The company plans to provide special insurance
products designed to meet the needs of rural customers,
which will increase the penetration of health insurance
in rural markets. The current product offering includes
travel, personal accident besides health insurance and is
marketed through multiple channels such as agents,
brokers, and digital channels also. Even as the company
managed to grow revenue by 9 per cent in FY22 to ₹5,446
crore, its profitability took a beating, with Star reporting
operating loss of ₹825 crore visàvis
profit of ₹268 crore
in FY21.
The stock of KRBL Ltd, a major player in the basmati
rice exports and branded food industry, also witnessed a
good 11 per cent gains for the week. The company’s
shares had been under pressure till midJune
after
reporting weak performance in the March 2022 quarter.
Revenue for the quarter was flat at ₹987 crore
yearonyear.
The company’s profits took a big hit, falling
21 per cent for the quarter at ₹109 crore. The poor
performance was on account of distributor issues in the
Saudi Arabian market, which the company appears to
have resolved now. It is expected to report better
performance in FY23 and beyond. Post the resultsdriven
correction, the stock has been seeing some bounce and
that appears to have played out last week as well.
REALITY CHECK
3buzzing stocks of the week
BusinessLine’s editorial policy prohibits analysts from
having positions in the stocks they recommend
— Editor
Here’s a challenge. Using the five clues below, identify the
company that is being talked about here
Send your answers by Wednesday 6 p.m. to who-am-i@thehindu.co.in,
with your full name, postal address and phone number.
A lucky winner in each week will get a book sponsored by UNIFI Capital as a
reward.
Last week’s winner:
Raja Thirumalisamy
Last week’s answer:
Bharat Electronics
WHO AM I?
Are you an avid investor? How well
do you know corporate India?
1It took me more than 40 years to cross the $1 billion
annual turnover mark for the first time last year.
...................................................................................
.........................................
2My corporate name identifies me with one business but I
have been operating in several businesses. I have
recently become a global leader in one of them.
...................................................................................
.........................................
3I am one of those select few stocks to deliver 100 per
cent CAGR over the last three years - about 8 times
return. I gave zero returns over the previous 10-year period.
I don’t know whether it’s “McKinsey effect” whose advice I
turned to five years back.
...................................................................................
.........................................
4“There’s no place for ego” is what my MD, who has held
the position precisely for last twenty years, said after a
failed takeover effort that nevertheless resulted in a large
profit for me.
...................................................................................
.........................................
5I am glad my promoter family’s third generation joined
me after Masters in Harvard and a stint in Bain Capital to
strategise my growth from still being a small-cap company.
...................................................................................
.........................................
CM
YK
MUMBAI
BusinessLine 5 SUNDAY • JULY 17 • 2022 TAKING STOCK
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ASHISH GUPTA
..........................................
Those who trade in derivatives
would have heard terms such
as volatility and VIX. But a lot of
people often use these terms interchangeably
and incorrectly.
So, let’s try to understand these
terms.
Volatility
Volatility can be thought of as
the range of returns for any
given underlying. In most
cases, it is measured as the
standard deviation (or variance)
of returns for the same
underlying asset.Volatility can
be thought of as the large price
swings an underlying can do
around the mean price in any
direction (upside or downside).
Naturally, the risk associated
with investments in an underlying
which is highly
volatile would be higher compared
to in vestments in low volatile
assets. An underlying
that moves 810
per cent up or
down easily in a month would
be considered more volatile
than an underlying that moves
23
per cent. A highvolatile
underlying,
or a stock can move
dramatically, and the return
variance could be huge.
What is VIX?
VIX is an abbreviation for volatility
index. When we say index
in the equity market, we often
mean a basket of stocks attached
to that index. For example,
Nifty 50 index, which is
a benchmark index for the Indian
market, comprises top50
stocks by market capitalisation.
Similarly, there are several
other indices such as Nifty
Bank, Nifty 100, Nifty IT, etc. and
globally too such as Dow Jones,
NASDAQ. When it comes to VIX,
it doesn’t ha ve any stocks,
rather it tells about the participants’
expectations of the
market in the near term. Many
traders and in vestors use VIX
levels as a measure of fear and
risk present in markets for the
near term.
How is VIX calculated?
Chicago Board Options Exchange
(CBOE) released CBOE
VIX first back in the year 1993.
Since then, there ha ve been
quite a few updates to the way
VIX is calculated.
The calculation involved
is extensive
and is beyond the
scope of this article,
but for the
inquisitive
folks, reference
is given
in the subsequent
paragraphs.
However,
in a nutshell
CBOE VIX is calculated
based on
the S&P A TM (atthemoney)
and OTM
(outofthemoney)
options
for two nearterm
expiries
with more than 23 and 37
days to expiry.
More the demand for OTM
options (more so for the put options,
when there is fear in the
market due to war , inflation,
rate hikes, etc.), higher the options
premium and consequently
higher the VIX will
be.
NSE introduced India VIX in
2008 and it is calculated similar
to the way CBOE VIX is calculated.
It represents the market
participant’s anticipated volatility
in the near term.
It is based on the order book
of Nifty options book of nearand
nextmonth
contracts. For
the India VIX calculation, the
bidask
quotes of nearand
nextmonth
NIFTY options contracts
for ATM and OTM are considered.
The accompanying table
shows
an analysis
based on
VIX and Nifty 50’s returns in the
past. It shows what happens
when India VIX closes the
highest for the past 30 trading
sessions (possibly indicating
fear in coming days). The data
goes back 10 years since the
start of 2012.
As is evident from this data,
the high VIX levels do warrant
caution.
Investors should note that
markets move in cycles. There
will be events like the 2008 recession,
Covid etc. which will
heighten fear and turn the markets
bearish for a period of
time.
But for longterm
investors,
these events may not matter as
markets ha ve a tendency to
bounce back in the long run.
(The author is a derivatives
market expert)
Explaining volatility and VIX
PRIMER
THE INDIA VIX
For the India VIX
calculation, the bid-ask
quotes of near- and
next-month NIFTY
options contracts
for ATM and OTM
are considered
VIX levels are often used as a measure of fear and risk present in markets for the
near term
................BM-BME
AKHIL NALLAMUTHU
..........................................
BL Research Bureau
The Nifty 50 (16,049) and the Nifty
Bank (34,683) were down last week,
and they lost 1.1 and 1.3 per cent, respectively.
The derivatives data shows
bearish bias in Nifty 50 futures,
whereas it is not that explicit in Nifty
Bank futures.
The cumulative open interest (OI)
of Nifty 50 futures on the NSE increased
to 143.8 lakh contracts on Friday
compared to 127.2 lakh contracts
by the end of the preceding week. A
drop in price along with an increase
in the OI is indicative of fresh short
buildup
on the contract. On the
other hand, the cumulative OI of Nifty
Bank futures on the NSE has seen a
drop to 25.2 lakh contracts last week
from 26.8 lakh contracts a week ago.
So, unlike Nifty 50 futures, Nifty Bank
futures has seen a drop in OI along
with a decline in price. This indicates
that participants are liquidating their
positions. Therefore, Nifty Bank futures’
OI do not indicate a clear trend.
Options data:The option chain of
Nifty 50 shows that 16,600strike
call
and 16,000strike
put ha ve the
highest OI in weekly expiry. Therefore,
16,600 and 16,000 are potential resistance
and support levels. In Nifty Bank,
35,000strike
call and 34,000strike
put ha ve the highest OI. So , 35,000
and 34,000 are the potential resistance
and support levels, respectively.
The Foreign Institutional Investors
seemto have developed a bearish bias
as they have increased net short on index
futures and ha ve increased net
long on index put options. Also, they
have cut net long on call options,
again, showing a bearish inclination.
Send your queries to
derivatives@thehindu.co.in
Bearish Nifty
50 futures
F&O TRACKER
Change in Open Interest (OI)
FII Retail
Scrip As on
Jul 15
Weekly
Change %
As on
Jul 15
Weekly
Change %
Future Index Long 26732 -29 297619 13
Future Index Short 135184 34 152666 -2
Net Futures -108452 73 144953 35
Index Call options Long 300920 8 1835477 8
Index Call options Short 253856 26 1899413 6
Net Call options 47064 -39 -63936 -34
Index Put options Long 454881 26 1877828 -5
Index Put options Short 240188 2 2111239 2
Net Put Options 214693 72 -233411 151
FIIs have increased net short on futures and reduced net long on call options.
Also, they've
increased net long on put options. These data point to bearish positioning.
Stocks that witnessed major change in OI
Company Price (₹)
Weekly
Price
Change %
OI (in lakhs)
Weekly
Change %
RISE (as on Jul 15)
SYNGENE 613.20 7.0 32.0 145.1
HCLTECH 883.15 -10.2 519.6 80.2
BSOFT 309.60 -9.9 152.6 79.2
COFORGE 3,378.65 -6.3 14.3 77.7
MINDTREE 2,828.95 -2.1 76.7 72.0
FALL (as on Jul 15)
ONGC 126.55 4.2 2298.2 -10.5
BANDHANBNK 270.30 -0.6 389.5 -6.9
GUJGASLTD 453.65 1.5 82.8 -6.8
MFSL 837.55 -0.1 18.1 -5.8
SRF 2,261.45 4.0 67.3 -5.5
Stocks in F&O ban (for trade on Jul 18)
DELTACORP
Change in OI and market positioning
Expiry
Date
(2022)
Price (₹) OI
Symbol
(Weekly Change %)
Indication
COMMODITIES (as on Jul 15)
ALUMINIUM 29-Jul 204.7 (-3.2) 2704 (4) Short build-up
COPPER 29-Jul 616.4 (-6.7) 5468 (2) Short build-up
CRUDEOIL 19-Aug 7594 (-6.2) 2025 (144) Short build-up
GOLD 5-Aug 50107 (-1.3) 6820 (-25) Short covering
GOLDGUINEA 29-Jul 40249 (-1.2) 2878 (17) Short build-up
GOLDM 5-Aug 50212 (-1.2) 12208 (22) Short build-up
GOLDPETAL 29-Jul 5010 (-1.1) 30606 (9) Short build-up
LEAD 29-Jul 173.55 (-0.1) 725 (-32) Short covering
MENTHAOIL 29-Jul 1004.9 (-0.8) 995 (-15) Short covering
NATURALGAS 26-Jul 555.6 (15) 5675 (79) Long build-up
NICKEL 29-Jul 1910 (-5.3) - -
SILVER 5-Sep 55587 (-2.7) 22312 (7) Short build-up
SILVERM 31-Aug 56097 (-2.6) 40872 (8) Short build-up
SILVERMIC 31-Aug 56154 (-2.5) 181691 (2) Short build-up
ZINC 29-Jul 269.75 (-3.3) 1375 (-5) Short covering
CURRENCIES (as on Jul 15)
USDINR 27-Jul 79.93 (0.7) 4767555 (1) Long build-up
EURINR 27-Jul 80.46 (-0.2) 145053 (-10) Short covering
GBPINR 27-Jul 94.61 (-0.7) 93616 (4) Short build-up
JPYINR 27-Jul 57.68 (-1.5) 59242 (19) Short build-up
VENKATESH BANGARUSWAMY
..........................................
Trading European options exposes
individuals to a beha vioural bias
called house money effect. This week,
we define this bias and show how to
moderate its effect.
Capitals Vs Gains
Suppose you started with a trading
capital of one lakh six months ago
and your capital has since grown to
1.5 lakh. You have three choices. One,
you can continue to trade with the
initial capital of one lakh and move
your gains of 50,000 into a bank deposit.
Two, you trade with your gains
of 50,000 and move your initial capital
to a deposit. Three, you can trade
with the higher capital of 1.5 lakh.
House money effect refers to a bias
that gamblers suffer from. Gamblers
typically take riskier bets with their
gains because they consider the
money coming from the “house”
(the casino). In the market (analogous
to the “house”), this effect refers
to traders taking greater risk using
proceeds from the realized gains.
In options, such behaviour could
involve buying several contracts of,
say, deep outofthemoney
(OTM) options
or shorting atthemoney
(ATM)
options. The long OTM options have
higher chances of expiring worthless
and the short A TM options ha ve
higher chances of gathering losses.
Traders in both the spot and the derivatives
markets are likely to suffer
from house money effect. The effect
is greater when you trade European
options. Why? The objective of a
trader is to buy and sell options, not
exercise them. But a trader can at
least exercise an American option if
she is unable to sell it. This choice is
unavailable for European options, as
it can be exercised only at expiry. So,
liquidity is an important factor when
selling European options.
Empirically, ATM and the immediate
two OTM strikes tend to attract
better liquidity than other strikes.
Why? Inthemoney
(ITM) options
have higher absolute premium
which prompts traders to a void
them. In contrast, deep OTM options,
because of their lower delta, could
generate lower gains even if the underlying
moves in the required direction.
So, a trader ought to sell her profitable
option position before its liquidity
declines. Liquidity could decline
when the option becomes ITM and is
at least one tradable strike (100
strikes for Nifty options) away from
the A TM. That is, the Nifty index is
more than 100 points from the ITM
strike y ou are holding; y ou can at
least capture the intrinsic value if
you exercise an illiquid American option.
The upshot? You are likely to close
your European option positions to
take profits more often than if you
were trading American options. Now,
more frequent the profittaking,
greater the likelihood that you will
suffer from house money effect. To
moderate this bias, you should have
a predefined
rule to handle y our
realized gains.
If you ha ve recently started trading
in options, you should use the initial
capital and take out the gains.
This way, you refrain from taking larger
bets and exposing yourself to larger
losses till y ou are comfortable
scalingup
capital. If y ou are an experienced
trader, you could consider
trading the total capital including
realized gains.
Optional reading
You can use options to moderate
House Money effect on your stock positions.
How? For instance, you may
have bought a stock at 700 and sold it
at 800, collecting a profit of, say ,
40,000. You can use a portion of this
gains to buy, say, 800 call or an immediate
OTM strike on the stock if you
want to bet that the uptrend in the
stock would continue. This way, you
yield to temptation and take some
risky bets, yet protect your initial capital
and some realized gains. This argument
can be extended to futuresportion
of gains from futures can be
used to buy options. This is especially
important when you are on winning
streak, making consecutive gains on
your trades!
(The author offers training
programmes for individuals to manage
their personal investments)
House money effect
This behavioural bias can creep in during European options trading
MASTERING
DERIVATIVES
Sitting on gains?
B New traders should
use starting capital,
take out gains
...................................................................................
..............................
B Seasoned traders can
consider total capital
including profit
...................................................................................
..............................
B Avoid temptation to
take on more risk,
protect capital
...................................................................................
..............................
KS BADRI NARAYANAN
..........................................
The stock of Nippon Life India
Asset Management Company
(NAMIndia)
(₹276.) is ruling
at a crucial level. The stock
finds immediate support at
₹249 and the crucial one at
₹215. A close below the latter
will change the long as well
shortterm
outlook negative
for NAMIndia.
On the other
hand, the stock finds immediate
resistance at ₹293 and the
next one at ₹315. A close above
₹344 will confirm the longterm
outlook positive.
Event: The company will
announce its quarterly result
on July 28. Coincidentally, the
monthly derivative contracts
expire on July 28 and so, volatility
could go up in the coming
days.
F&O pointers: The
counter has witnessed unwinding
of positions along
with fall in share price. This
indicates traders cut their
long positions. A little cue
available from option trading
indicates that the stock could
move in a range of ₹260300.
Strategy: We advise
traders to consider longstrangle
on NAMIndia.
This
can be imitated by simultaneously
buying 285call
and
260put.
These options closed
with a premium of ₹4.80 and
₹2.70 respectively. As the market
lot is 1,600 shares per lot,
this would cost traders
₹12,000, which will be the
maximum loss, and this will
happen if the stock ends July
expiry between ₹285 and
₹260. On the other hand,
profit potential is high if the
stock surges sharply on either
side. We advise traders to exit
with a profit of ₹12,000 or exit
if loss mounts to ₹8,000.
Holding the position till the
day of expiry is desirable.
Follow-up: We advised
traders to buy NTPC 146 call.
As the stock moved on expected
lines, we advise traders to
book profit.
Note: The recommendations are
based on technical analysis and
F&O positions. There is a risk of
loss in trading.
Go for long strangle on NAM-India
F&O STRATEGY
CM
YK
MUMBAI
6 BusinessLine SUNDAY • JULY 17 • DO THE DERIVATIVES 2022
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................BMBME
GURUMURTHY K
..........................................
BL Research Bureau
The Indian benchmark indices fell
gradually and have closed on a mixed
note last week. Sensex and Nifty 50
were down 1.32 and 1.06 per cent respectively.
Though they were threatening
for a steeper fall, the bounce on
Friday has given some relief. Additionally,
both Sensex and Nifty 50 are holding
well above their nearterm
supports,
which still keeps alive the
chances of seeing a rise. Broadly , it
looks like we may get into a sideways
consolidation phase going forward
before a clarity is obtained.
Among the sectors, the BSE Power
index surged the most by 4.54 per
cent. The BSE IT index, down 5,82 per
cent, was beaten down the most.
The Foreign Portfolio In vestors
(FPIs) continue to sell at a slower pace.
They sold $418.77 million in the Indian
equity segment last week.
Nifty 50 (16,049.20)
Contrary to our expectation, Nifty fell
below 16,000 last week and made a
low of 15,858.2 on Thursday. However,
the bounce and close above 16,000 on
Friday has given some relief. The index
has closed the week at 16,049,20,
down 1.06 per cent.
The week ahead: The bounce last
week has happened from a key support.
The region between 15,850 and
15,800 is significant support that has
held very well. The 21Day
Moving Average
(DMA) is also in this region at
15,817. Below 15,800, the next important
support is poised at 15,750.
Immediate resistance is at 16,10016,150.
Nifty is likely to gain momentum
only on a break above 16,150.
Such a break can take it up to 16,300
initially and then to 16,50016,550.
However, the price action on the
weekly chart is giving out a mixed signal.
It indicates that Nifty can run into
a broad sideways consolidation. The
possible ranges are 15,85016,300
(narrow)
and 15,750 to 16,550 (broad). The
chances of a rise within this range in
the coming week cannot be ruled out.
However, a strong trend will be established
only on a breakout on either
side of 15,750 or 16,550.
Trading strategy: The stoploss
at
15,930 on the long positions recommended
last week has been hit. W e
prefer to stay out of the market.
Mediumterm
outlook: The 13month
moving average (MA) at 16,808
is a crucial resistance to watch. Inability
to breach this hurdle will keep the
broader trend down. As such, our
broader bearish view of seeing 14,50013,500
on the downside will remain intact
as long as the Nifty trades below
16,808. Important support to watch is
at 15,750. A break below 15,750 will
bring back the danger of seeing
14,50013,500
on the downside.
Only a break above the 13month
MA
will negate the bearish view and will
open doors for a rise to 17,50017,700.
Sensex (53,760.78)
Sensex fell breaking below the support
at 53,800 and made a low of
53,163.77 on Thursday . However , it
managed to bounce back on Friday
and has closed the week at 53,760.78,
down 1.32 per cent.
The week ahead: Support for the
Sensex is at 53,15053,100.
The next significant
one is at 52,900. Resistance is
at 54,200. Sensex has to breach 54,200
decisively to gain bullish momentum.
Such a break can take it up towards
55,00055,500
in the near term.
On the weekly chart, lower supports
are available in the 52,30052,000.
So
broadly we can look for a range of
53,90054,200
(narrow) or 52,00055,500
(broad) . A breakout on either
side of 52,00055,500
will then determine
the next direction of move.
Mediumterm
outlook: The crucial
resistance to watch will be 55,500.
Sensex has to surpass this hurdle to
negate our overall bearish view of seeing
49,00048,000
on the downside.
Such a break will increase the chances
of the index revisiting 60,000 levels.
However, inability to break above
55,500 and a reversal in the coming
weeks will keep alive the danger of the
fall to 49,00048,000.
Important support
to watch will be 52,000. A break
below this support can trigger the fall.
Nifty Bank (34,682.65)
The break above the resistance at
35,290 witnessed initially last week
failed to sustain. The Nifty Bank index
made a high of 35,543 and has comeoff
sharply from there. The index has
closed at 34,682.65, down 1.26 per cent
for the week.
There is room for further fall towards
34,200 and 34,000. Thereafter it
will have to be seen if it manages to reverse
higher again or not. Resistances
are at 35,15035,200
and 35,50035,550.
Broadly, we can look for a range of
34,00035,500/
35,550. A decisive rise
past 35,550 will be needed to gain
fresh momentum and rise to
36,80037,000.
The 100W
eek Moving A verage
(WMA) at 33,624 is a crucial support to
watch below 34,000. A fall below the
100WMA
will be bearish to drag the
Nifty Bank index down to 33,000 and
32,000 levels.
Global cues
The Dow Jones Industrial A verage
(31,288.26) fell sharply during the
week to make a low of 30,143.93 on
Thursday. However , the index witnessed
a strong recovery on Friday recouping
almost all the loss made during
the week. The Dow has closed the
week at 31,288.26, down marginally by
0.16 per cent.
On the weekly chart, the long wicks
over the last three weeks indicates the
presence of buyers in the 30,50030,000
region. This keeps alive the
chances for a rise.
Immediate resistance is at 31,600. A
break above it can take the Dow up to
32,00032,350.
On the other hand, inability
to breach 31,600 can keep the
Dow in a range of 30,00031,600
for
some time. In that case, the bias will
remain negative to break 30,000 and
fall to 29,50029,000
and even lower
from here itself.
From a big picture perspective,
32,00032,350
is a strong resistance.
The Dow has to break above this
hurdle to turn the outlook bullish
completely. As long as the index stays
below 32,350, the broader view will remain
bearish and a fall to 29,000 and
lower levels cannot be ruled out.
Indices may consolidate afterall
Lack of strength can keep the Sensex and Nifty 50 vulnerable for a fresh fall
What to watch
B 15,750-16,550 range
on Nifty
...................................................................................
..............................
B 52,000-55,500 range
on Sensex
...................................................................................
..............................
B 34,000-35,550 range
on Nifty Bank
...................................................................................
..............................
INDEX OUTLOOK
GURUMURTHY K
..........................................
BL Research Bureau
The US dollar continues to trade
strong. The dollar index surged breaking
above the resistance at 108 last
week. It made a high of 109.21. Strong
inflation numbers last week aided the
rise in the dollar index. The US Headline
Consumer Price Index (CPI) inflation
rose 9 per cent ( yearonyear)
in
June from 8.52 per cent a month ago.
This increased the speculation in the
market that the US Federal Reserve
could go more ag gressive and increase
the policy rates by 100 basis
points in its meeting this month. The
strength in the greenback drag ged
the euro to parity against the US dollar.
For the coming week, the US housing
starts on Tuesday and the existing
home sales number on W ednesday
are important data release to watch.
Dollar Index: Resistance ahead
The US dollar index (108.06) extended
the rally last week breaking above the
resistance at 108. It surged to a high of
109.29 and has come off from there.
An important resistance is in the
109.50110
region. The chances are
high for the upside to be capped at 110
for now. As such, we can expect a pullback
towards 107 and even 106 in the
coming weeks.
However, the big ger picture will
continue to remain bullish. The expected
corrective fall could be limited to
106 or a maximum of 105. Thereafter a
fresh rally can begin. From a longterm
perspective, the dollar index has
potential to target 114 on the upside in
the coming months. A decisive break
above 110 will pave way for that.
Euro: Relief rally possible
The euro (EURUSD: 1.0087) touched
parity against the US dollar for the
first time since 2002. The currency
tumbled to a low of 0.9950 and then
had risen back sharply to close the
week at 1.0087, down 0.94 per cent for
the week.
The expected test of 0.9950 and a
bounce thereafter mentioned last
week is happening in line with our expectation.
This indicates that the euro
could ha ve found an intermediate
bottom. The price action in the coming
weeks will need a close watch.
Important resistance to watch is at
1.0150. A break above it can trig ger a
corrective rally towards 1.03001.0350
or even higher in the coming weeks.
However, the broader trend will
continue to remain down. We can expect
the euro to reverse lower again
from anywhere above 1.0350. From a
longterm
perspective, the fall in the
euro has potential to target 0.960.95
on the downside in the coming
months.
The European Central Bank (ECB)
meeting is on Thursday. The outcome
of this meeting will need a close
watch.
Treasury yields: Lacks strength
The US 10Y r T reasury yield (2.91 per
cent) failed to extend the rise and has
declined below 3 per cent again, contrary
to our expectation. We had expected
a rise to 3.2 per cent last week.
The 10Yr made a high of 3.09 per cent
and fell to close the week at 2.91 per
cent. As long as the yield remains below
3 per cent, the outlook is weak. A
further fall to 2.75 per cent is likely .
The level of 2.75 per cent is a very important
support. A break below it can
increase the downside pressure and
drag the 10Y r yield down to 2.6 per
cent. The price action around 2.75 per
cent will need a close watch.
Rupee: Weak
The Indian Rupee (USDINR: 79.88)
made a new low of 79.95 and had recovered
slightly from there. However,
in the offshore segment, the currency
fell below the psychological 80mark
and tumbled to a low of 80.21 on
Thursday. It has recovered from there
to close at 79.76 in the offshore
market.
Strong resistance is in the 79.6079.50
region which can cap the upside
in the rupee. The view remains bearish.
The rupee can break below 80 and
fall to 80.35 and 80.50 in the coming
days. As mentioned last week, 80.50 is
a strong support which can halt the
current fall on its first test. We can expect
the rupee to recover and see a corrective
rally from the 80.3580.50
region
towards 78.50 in the coming
weeks.
Dollar retains its strength, but...
... the rally can pause near 110 and a corrective fall could be on the cards
GETTY IMAGES/ISTOCKPHOTO
GLOBAL 360
RUPEE WATCH
Outlook is weak and
rupee could fall to
80.3580.50
after
which the counter
can see some
recovery
I have bought shares of Tata Consultancy Services
(TCS) at ₹3,320. What is the longterm
outlook
for the stock? Where can I accumulate?
SHALINI VIJAY
TCS (₹2,993.55): The stock is in a strong
downtrend. It made a high of ₹4,045.5 in
January and has been falling since then.
Recently, the stock declined below the key
support level of ₹3,075. There is room for further
fall towards ₹2,775. In a worst case, if TCS breaks
below ₹2,775, there can bee a steeper fall to
₹2,600 and ₹2,500 over the next three months
or a little more than that. So, if you want to
accumulate this
stock, you may
have to wait. Buy
in small quantity,
say 40 per cent of
what you intend
to accumulate at
₹2,785. Buy the
rest of the 60 per
cent at ₹2,630.
Keep a stoploss
at ₹2,340. A
consolidation between ₹2,500 and ₹3,000 is a
possibility for some time. A strong rise past
₹3,100 thereafter will give a boost to the bullish
momentum. It will then pave way for a revisit to
₹4,000levels.
Move the stoploss
up to ₹2,750
when the price moves up to ₹3,250. Move the
stoploss
further up to ₹3,650 when the stock
touches ₹3,920. A strong break above ₹4,000
can target ₹4,6004,800
over the next couple of
years where you can exit the stock.
I have invested in the stock of Indian Oil
Corporation (IOCL). My buy price is ₹120. How far
can it fall further from here? What is the outlook
for this stock?
VENKAT K
IOCL (₹70.35): The shortterm
outlook is
negative. There is a danger to see a fall to ₹50
from here over the next two quarters. Thereafter,
a fresh leg of longterm
rally can begin. That
rally might have
the potential to
take the stock
up towards
₹140150
over
the next couple
of years. If you
intend to hold
this stock for at
least three
years, then buy
more at ₹60.
Investors with a
longterm
perspective who want to enter this stock afresh
can also buy at ₹60. Keep a stoploss
at ₹42.
Move the stoploss
up to ₹70 when the stock
moves up to ₹90. Move the stoploss
further up
to ₹105 when the stock reaches ₹115. Exit the
stock at ₹130. You may have to have a lot of
patience to hold this stock.
What is the outlook for the stock of Venky’s
(India)? Can it rise to ₹3,600 in the next one
year?
DAVID MARTIS
Venky’s (I) (₹1,990.75): The trend is down. It
looks highly impossible for the stock to move up
to ₹3,600 in the next one year. The reason is that
the current downtrend has room to fall further
from here. The first support is near ₹1,500. If the
stock breaks
below it, a deeper
fall to ₹900
cannot be ruled
out. This fall can
happen by this
yearend
or in the
first quarter of
2023. Thereafter a
fresh rally can
begin targeting
₹3,300 over the
next two years or more. Investors with a
longterm
perspective can buy 30 per cent of
intended amount at ₹1,600. Buy the rest of the
70 per cent at ₹1,050. Keep a stoploss
at ₹840.
Wait for the target of ₹3,300. Move the stoploss
up to ₹1,100 as soon as the stock moves up to
₹1,800. Move the stoploss
further up to ₹2,400
when the stock touches ₹2,850 on the upside.
TECH
QUERY
GURUMURTHY K
BL Research Bureau
Send your queries to techtrail@thehindu.co.in
Birlasoft (₹309.6)
Forms lower lows
The stock of Birlasoft, by breaching an
important support at ₹400 in May, turned the
outlook bearish. The price action hints at
further depreciation from the current level of
₹309.6. While ₹275 can offer some support, the
stock is expected to slip below this level and
touch ₹225 before this year end. But there is a
slim chance that the stock might see a
corrective rally to ₹340 before it falls below the
support at ₹275. So, traders can initiate shorts
worth 75 per cent of the total intended amount
at the current level and add shorts for
remaining 25 per cent if there is a rally to ₹340.
Thus the average short price would be ₹317.
Keep initial stoploss
at ₹365 and alter this to
₹310 if price falls below ₹275. Exit all the shorts
at ₹225.
Divi’s Laboratories (₹3,727.75)
Resistance ahead
The stock of Divi’s Laboratories is on a decline
since October last year. Towards the end of May
this year, it confirmed a bearish flag pattern.
According to this pattern, the price can fall to
₹2,700. But note that there could be a corrective
rally and we forecast the stock to resume the
downtrend either from ₹3,930 or ₹4,115.
Therefore, traders can short worth 40 per cent of
intended amount now, 40 per cent on a rally to
₹3,930 and the balance 20 per cent at ₹4,115. The
average shorting price would thus be ₹3,887.
Place initial stoploss
at ₹4,300. On a fall to
₹3,400, tighten the stoploss
to ₹3,900. When the
scrip falls to ₹3,050, exit 60 per cent of the total
short positions and then revise the stoploss
to
₹3,400 for the balance. Book the leftover shorts
at ₹2,700.
Tube Investments of India (₹1,999.3)
Hits record high
The uptrend since March 2020 low in the stock of
Tube Investments of India lost momentum in
November last year. Since then, it was charting a
sideways trend — it was moving in the range of
₹1,460 and ₹1,870. But before a couple of weeks,
the stock broke out of the range, opening the
door for another leg of rally. Yet, from here, it
might see a moderation to ₹1,780 before
extending the rally. On the upside, the stock has
the potential to rally to ₹2,280 and then possibly
to ₹2,375 before the end of this year. Considering
the above, one can buy now at ₹1,999 and
accumulate if price drops to ₹1,780. Place
stoploss
at ₹1,640. When price touches ₹2,280
exit threefourth
of your holdings and tighten
the stoploss
to ₹2,140 for the rest. Liquidate the
remaining at ₹2,375.
MOVERS & SHAKERS AKHIL NALLAMUTHU, BL Research Bureau
On April 1, four years back, piqued by the incessant jokes in
the village at his expense, Bandu Barve decided he’d had
enough. It was time for him to turn ‘smart’. His dead granny's
voice rang in his ears — “Read the papers, Bandya, they tell
you all.” So, off went Bandu to the stash of newspapers on his
father’s desk. As luck would have it, the first paper Bandu got
his hands on was The Hindu BusinessLine. The stock recos, in
particular, had him in thrall. Soon Bandu metamorphosed into
an ace investor and trader.
These days, Bandu
picks five stocks each
Sunday, which he believes
will be blockbusters
over the next week
Here's your chance to match step with Bandu.
Guess the stock that will give the best return by next Friday (BSE
prices). By Wednesday noon, mail us your pick and its expected price
rise to bandublockbuster@gmail.com with your name, mobile number
and address. One lucky winner will get a prize of ₹2,000.
Last week’s prize winner
Chumki Banerjee
Last week’s winning stock
Oberoi Realty
Closing price (Jul 08): ₹803.20
Closing price (Jul 15): ₹848.65
Return: 5.66 per cent
BANDU’S
BLOCKBUSTERS
BANDU’s PICKS
■ ITI
■ KEC International
■ Blue Star
■ Minda Corp
■ CEAT
CM
YK
MUMBAI
BusinessLine 7 SUNDAY • JULY 17 • 2022 CHART-GAZING
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Wondering how to choose stocks for
your portfolio from the dozens which
are listed? Or how to keep track of the
ones you own?
Well, the listings on this page help you
sift through the leading companies on
their fundamentals and keep an eagle
eye on their financial performance.
Here’s a short guide to interpreting the
numbers:
CMP (Current Market Price) is the closing
price of a stock on BSE on its last
traded day, usually Friday.
EPS (Earnings per Share) is the net
profit that the company has earned in
the latest financial period, on each outstanding
share. Here, we capture each
company’s total EPS for the last a vailable
trailing 12 months.
PE (Price Earnings Ratio) is the single
most important number to gauge if a
stock is expensive or cheap enough to
buy. It divides the company’s current
market price by its EPS.
PB (Price to Book value) measures a
company’s stock price relative to its
book value or net worth. PB is the appropriate
value measure for banks and assetheavy
companies.
Sales (Qty) and Profit (Qty) capture
the growth in a company’s net sales and
net profits for the latest reporting
quarter, over the previous year, in percentage
terms. We’ve adjusted the numbers
for oneoff
and exceptional items.
Sales (TTM) and Profit (TTM) make
the same comparisons for the trailing
twelve months.
Wkly Rtn (Weekly Return) gives the
change in the price of a stock in the last
one week.
ROCE (Return on Capital Emplo yed)
tells you what returns a business is generating
on the capital it uses.
DER (Debt Equity Ratio), which divides
a company’s total loans by shareholder
funds, indicates how indebted a company
is.
ROCE and DER give you the latest available
yearend
numbers for the
company.
Yearly High and Low tell y ou the
range that the company’s stock has
spanned in the last one year.
Face value other than ₹10 per share is
mentioned in brackets next to the company
name. As far as possible, consolidated
numbers (latest a vailable) ha ve
been used for a holistic picture of the
company’s finances.
Given that the top 500 listed companies
are usually the most liquid and wellrun,
we’ve restricted the list to the S&P
BSE 500 index constituents.
Note: Very large percentage changes in
sales and profit are reflective of a change
from near-zero or negative value.
Source: Capitaline database
Takeaways from Take 500
Valuation Radar: The Good, The Bad, The Ugly
Capital Consumer
Nifty 50 Sensex Auto Bankex Goods Durables FMCG Healthcare IT Metal Oil & Gas Power
PSU Realty Teck
P/E 19.8 21.8 62.1 17.8 31.4 64.9 39.7 37.3 24.2 4.4 8.2 20.8 6.9 55.6 31.5
P/BV 3.9 3.1 4.2 2.2 3.7 9.5 7.6 4.0 6.0 1.2 1.4 3.0 1.1 2.8 7.0
Dividend Yield 1.4 1.3 1.1 0.8 1.1 0.4 1.9 0.7 2.1 7.0 4.0 2.0 4.8 0.3 1.9
Weekly Return (%) -1.1 H -1.3 H 2.2 G -0.9 H 0.2 G 2.8 G 1.5 G 1.9 G -5.8 H -0.2 H
2.5 G 4.5 G -0.4 H 2.1 G -5.9 H
Monthly Return (%) 2.3 G 2.3 G 11.3 G 4.2 G 5.7 G 7.4 G 11.8 G 4.0 G -4.0 H -5.3 H
-0.1 H 10.1 G -0.6 H 8.2 G -3.5 H
Annual Return (%) 0.8 G 1.2 G 21.9 G -1.1 H 15.8 G 5.9 G 11.0 G -14.1 H -9.9 H -
18.3 H 15.0 G 61.3 G 4.3 G 5.7 G -5.6 H
The sector indices are disseminated by S&P BSE.
Company CMP EPS PE PB Year End Sales Profit Sales Profit Wkly ROCE DER Yr.High
Yr.Low
Qty Qty TTM TTM Rtn
Company CMP EPS PE PB Year End Sales Profit Sales Profit Wkly ROCE DER Yr.High
Yr.Low
Qty Qty TTM TTM Rtn
Company CMP EPS PE PB Year End Sales Profit Sales Profit Wkly ROCE DER Yr.High
Yr.Low
Qty Qty TTM TTM Rtn
The Benchmark indices, Sensex
and Nifty 50 declined 1.3 and 1.1 per
cent respectively last week. BSE
Power gained the most by 4.5 per
cent followed by BSE Consumer
Durables 2.8 per cent and BSE Oil
and Gas 2.5 per cent. BSE Teck and
BSE IT declined by 5.9 and 5.8 per
cent respectively last week.
3M India 21984.0 241.4 91.1 11.4 202203 11.9 57.4 28.1 67.5 -3.8 11.7 0.0 27800.0
17300.0
A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
A B B [2] 2558.5 4.0 38.9 13.4 202203 32.5 41.8 21.3 12.0 -4.9 15.6 0.0 2629.0
1619.3
Aarti Drugs 437.1 22.1 19.7 3.9 202203 38.4 7.1 15.5 -26.8 8.9 20.3 0.5 734.0 378.4
Aarti Industries [5] 728.7 36.1 20.2 4.5 202203 45.2 42.3 55.3 149.7 0.8 12.3 0.8
1168.4 669.0
AAVAS Financiers 1990.9 45.0 44.3 5.6 202203 26.1 32.0 18.2 22.9 0.6 9.5 2.8 3337.0
1838.7
Abbott India 19739.0 22.0 38.0 14.9 202203 16.6 4.8 24.5 33.5 -0.7 34.1 0.1 23902.3
15525.0
ACC 2141.0 74.3 28.8 2.9 202206 15.3 -60.1 17.8 -21.1 -1.3 18.5 0.0 2588.0 1900.5
Adani Enterp. [1] 2404.7 6.8 353.0 9.7 202203 83.8 -15.7 75.6 -29.8 4.9 6.6 1.5
2422.8 1333.3
Adani Green 2071.5 2.7 754.4 65.1 202203 45.3 12.8 67.6 72.2 7.8 7.3 16.0 3048.0
860.2
Adani Ports [2] 730.5 24.1 30.3 4.1 202203 6.6 -20.5 26.1 1.9 2.0 10.4 1.2 924.7
652.1
Adani Power 286.6 12.7 22.5 31.9 202203 66.3 35280.6 5.7 286.7 5.6 12.7 3.2 344.8
70.0
Adani Total Gas [1] 2806.6 4.6 605.9 127.8 202203 73.1 -44.9 79.2 7.5 10.4 24.7 0.4
2867.5 773.0
Adani Transmissi 2890.4 10.8 267.7 30.1 202203 12.3 -3.7 13.8 -1.6 13.5 10.3 3.0
3100.0 860.5
Aditya AMC [5] 414.2 23.4 17.7 5.4 202203 2.6 1.1 16.9 27.8 -4.0 44.8 0.0 721.0
399.4
Aditya Bir. Fas. 254.7 -1.2 8.6 202203 25.3 -68.3 55.0 83.8 0.5 0.0 2.4 322.0 189.5
Aditya Birla Cap 92.3 7.1 13.1 1.4 202203 18.4 20.0 15.4 51.4 -0.2 8.1 4.1 139.1
85.7
Advanced Enzyme [2] 273.2 10.7 25.5 2.8 202203 -1.1 -22.2 5.5 -18.1 1.4 22.8 0.0
435.9 257.0
Aegis Logistics [1] 206.8 10.2 20.3 3.3 202203 108.0 44.8 20.5 60.1 -0.4 14.3 0.2
353.4 167.5
Affle India [2] 1018.8 16.1 63.5 11.5 202203 122.6 17.0 109.3 58.7 -2.0 33.9 0.3
1510.2 768.0
AIA Engineering [2] 2301.1 65.7 35.0 4.6 202203 27.0 45.5 24.7 9.5 0.6 17.8 0.0
2422.1 1476.0
Ajanta Pharma [2] 1207.4 55.6 21.7 4.7 202203 15.0 -5.1 15.6 9.0 0.7 28.9 0.0
1613.3 1062.2
Akzo Nobel 1913.2 63.4 30.2 6.9 202203 11.0 -1.3 30.0 39.1 0.5 26.7 0.1 2345.0
1685.0
Alembic Pharma [2] 704.1 27.8 25.4 2.6 202203 10.6 -85.9 -1.6 -53.7 -3.9 25.4 0.3
992.0 672.0
Alkem Lab [2] 3213.6 138.2 23.3 4.5 202203 13.3 -52.4 20.0 4.2 2.9 18.0 0.3 4067.7
2835.0
Alkyl Amines [2] 2613.7 38.7 51.6 13.5 202203 25.1 17.8 107.5 142.6 -0.8 32.8 0.0
4740.0 2506.4
Allcargo Logist. [2] 286.2 36.0 7.9 2.2 202203 72.5 2842.1 91.2 713.2 2.1 9.7 0.8
412.0 155.0
Alok Industries [1] 20.7 -0.4 -0.6 202203 37.1 -117.7 89.8 93.1 -0.5 0.0 0.0 35.8
18.9
Amara Raja Batt. [1] 467.9 30.0 15.6 1.8 202203 3.7 -47.8 21.6 -20.8 0.4 15.2 0.0
781.0 438.2
Amber Enterp. 2377.9 32.4 73.4 4.6 202203 21.2 -24.2 38.8 33.8 -0.7 8.3 0.4 4023.7
2029.8
Ambuja Cements [2] 369.1 12.9 28.6 2.9 202203 2.4 -30.4 12.2 -11.3 0.2 21.4 0.0
443.0 274.0
Angel One 1284.3 82.2 15.6 6.8 202206 44.8 49.6 65.7 84.7 -0.4 35.5 0.9 2022.0
992.0
Anupam Rasayan 734.5 15.2 48.4 4.3 202203 16.8 108.2 31.5 116.5 18.2 9.8 0.6 1106.0
547.1
APL Apollo Tubes [2] 869.0 22.3 39.0 9.6 202203 62.9 36.7 53.7 54.7 -0.7 26.7 0.4
1113.7 725.0
Apollo Hospitals [5] 3929.9 56.3 69.8 10.0 202203 23.7 -40.4 38.9 627.9 -0.2 6.5
0.8 5930.7 3365.9
Apollo Tyres [1] 211.1 10.1 20.8 1.1 202203 11.0 -60.6 20.4 -29.6 3.9 6.5 0.6 250.0
165.4
Aptus Value Hou. [2] 264.3 7.4 35.5 4.5 202203 28.2 45.4 27.8 38.7 -3.5 13.4 1.2
395.0 221.2
Asahi India Glas [1] 569.7 14.2 40.2 7.9 202203 16.3 51.3 30.9 159.1 -0.3 11.3 1.2
612.7 324.7
Ashok Leyland [1] 145.0 -0.8 5.8 202203 21.8 5.2 34.7 4.2 0.6 6.1 3.2 153.4 93.2
Asian Paints [1] 2978.3 32.5 91.8 20.7 202203 20.6 9.5 34.4 -0.8 3.4 28.8 0.1
3588.1 2560.3
Aster DM Health. 213.4 10.5 20.3 2.7 202203 14.1 114.7 18.9 256.0 14.9 8.8 1.6
237.3 148.7
Astral [1] 1786.1 24.1 74.2 15.4 202203 23.3 -19.0 36.9 19.6 4.9 29.7 0.1 2525.0
1584.0
Astrazeneca Phar [2] 2977.9 3.4 11.2 14.6 202203 11.0 -13.4 22.9 28.3 -2.5 29.9 0.0
3600.0 2437.8
Atul 8353.4 204.7 40.8 5.6 202203 22.8 -22.2 36.2 -7.9 2.1 19.0 0.0 10975.4 7757.0
AU Small Finance 550.9 16.4 53.3 4.7 202203 7.4 -11.3 25.4 29.4 3.9 0.0 0.0 732.9
467.5
Aurobindo Pharma [1] 548.7 47.5 11.6 1.3 202203 -3.3 -8.3 -4.9 -15.3 0.4 12.4 0.2
978.4 503.4
Avanti Feeds [1] 451.2 17.7 25.5 3.2 202203 21.3 21.0 22.8 -32.9 4.3 28.6 0.0 673.0
384.9
Avenue Super. 3926.5 31.5 124.7 18.6 202206 93.7 574.1 40.8 76.7 -0.4 12.7 0.0
5899.9 3185.1
Axis Bank [2] 662.5 46.0 14.4 1.7 202203 15.3 50.2 6.9 96.2 -1.0 0.0 0.0 866.6
618.1
B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
B H E L [2] 49.5 1.3 38.6 0.7 202203 12.6 -11.8 23.7 116.5 5.2 0.0 0.2 78.7 41.4
B P C L 312.2 49.5 6.3 1.3 202203 35.7 -50.7 50.7 -9.0 -4.1 17.6 1.3 503.0 293.5
Bajaj Auto 3913.1 190.4 20.6 3.8 202203 -8.1 -17.4 18.4 13.4 2.3 23.4 0.0 4047.1
3028.4
Bajaj Electrical [2] 1177.2 12.0 98.1 7.8 202203 3.8 -26.1 4.0 -17.0 5.3 12.5 0.6
1588.6 857.6
Bajaj Finance [2] 5915.5 116.1 51.0 8.2 202203 23.1 79.7 16.0 59.0 0.8 10.3 3.7
8043.5 5235.6
Bajaj Finserv [5] 11838.9 286.3 41.3 4.7 202203 21.6 37.5 11.5 1.9 -1.4 11.4 3.8
19320.0 10777.0
Bajaj Holdings 4756.4 364.4 13.1 1.2 202203 -3.3 16.5 7.7 11.1 -1.6 10.5 0.0 6573.1
3759.1
Balaji Amines [2] 3004.3 113.7 26.4 7.8 202203 88.2 28.7 76.9 54.7 3.1 49.4 0.1
5220.0 2680.1
Balkrishna Inds [2] 2293.6 74.2 30.9 6.4 202203 35.4 -1.3 43.4 21.9 0.2 24.0 0.3
2724.4 1682.0
Balrampur Chini [1] 368.1 22.8 16.1 2.7 202203 25.5 2.5 0.7 -3.0 4.3 16.6 0.5 525.7
297.8
Bandhan Bank 270.2 156.1 3.9 2.5 202203 54.8 43.4 49.4 33.8 -3.9 0.0 0.0 349.5
229.7
Bank of Baroda [2] 104.1 15.2 6.9 0.6 202203 9.7 174.2 -1.2 407.2 -1.5 0.0 0.0
122.7 72.5
Bank of India 45.6 8.5 5.4 0.4 202203 5.2 727.6 -6.3 67.7 -0.2 0.0 0.0 76.6 40.4
Bank of Maha 16.1 1.7 9.4 0.9 202203 10.6 110.5 9.7 101.8 0.9 0.0 0.0 24.6 15.0
BASF India 2737.3 254.4 22.8 5.1 202203 9.5 45.5 17.6 30.2 -0.6 33.3 0.1 3927.0
2330.7
Bata India [5] 1814.3 8.0 226.4 12.9 202203 12.8 113.6 39.8 219.8 1.2 -0.3 0.6
2261.7 1550.0
Bayer Crop Sci. 5284.0 7.7 4.7 9.4 202203 9.0 22.7 -1.6 83.9 1.4 30.1 0.0 6127.5
4101.2
BEML Ltd 1289.4 30.9 41.8 2.3 202203 -6.8 -15.5 20.1 87.2 -1.0 3.1 0.2 2084.0
1106.4
Berger Paints [1] 573.7 8.6 66.9 14.2 202203 8.0 5.8 28.5 15.7 -2.0 27.1 0.2 872.0
543.9
Bharat Dynamics 692.2 13.8 119.6 4.2 202203 10.7 18.7 37.6 224.1 2.2 10.1 0.0 905.0
367.1
Bharat Electron [1] 245.5 9.8 24.9 4.9 202203 -8.2 -15.6 8.9 14.3 4.0 24.5 0.0
259.5 162.4
Bharat Forge [2] 642.6 21.5 29.9 4.6 202203 71.5 17.0 65.1 619.9 -3.9 3.1 0.9 848.0
595.9
Bharti Airtel [5] 651.7 5.6 116.6 5.4 202203 22.3 191.5 15.1 142.3 -6.3 0.0 2.3
781.9 513.5
Biocon [5] 332.5 6.1 54.2 4.7 202203 30.8 12.2 14.6 0.9 3.0 7.4 0.6 414.3 305.0
Birla Corpn. 926.2 54.6 16.9 1.4 202203 6.2 -53.4 10.0 -38.0 1.7 11.6 1.0 1649.0
822.8
Birlasoft Ltd [2] 309.8 16.6 18.7 3.4 202203 22.0 34.3 16.2 44.5 -9.9 24.5 0.1
585.9 306.6
Blue Dart Expres 8173.0 171.7 47.6 22.2 202203 20.4 52.2 34.1 237.4 1.3 29.3 1.8
8199.0 5308.1
Blue Star [2] 993.2 17.4 57.0 9.4 202203 39.5 12.0 41.8 67.2 11.6 19.7 0.6 1224.7
740.1
Bombay Burmah [2] 917.6 31.5 29.1 1.2 202203 18.1 -191.5 9.2 -40.5 -3.4 29.6 0.4
1326.0 841.0
Borosil Renew. [1] 626.5 50.6 13.2 10.4 202203 24.0 33.2 19.5 27.6 -2.9 28.8 0.2
833.0 274.3
Bosch 16424.1 413.1 39.8 4.5 202203 3.0 -27.4 21.3 7.7 1.7 14.3 0.0 19244.5 12940.1
Brigade Enterpr. 453.2 1.2 386.0 3.7 202203 19.1 -305.6 53.8 176.8 1.6 6.3 1.9
554.3 299.1
Brightcom Group [2] 44.2 4.5 9.8 1.7 202203 77.4 59.3 75.8 88.9 4.5 21.5 0.0 122.9
16.4
Britannia Inds. [1] 3848.6 63.3 60.8 36.2 202203 15.5 4.3 8.2 -18.2 0.8 41.1 0.8
4152.1 3050.0
C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
Cams Services 2307.5 58.6 39.3 18.3 202203 21.7 22.8 28.9 39.8 1.6 53.0 0.1 4064.0
2039.0
Can Fin Homes [2] 481.5 42.1 15.0 2.1 202203 4.1 -59.7 14.2 8.1 -6.4 8.5 8.0 721.3
408.0
Canara Bank 206.1 39.0 5.3 0.6 202203 9.8 60.5 0.5 144.5 -2.3 0.0 0.0 272.8 142.1
Caplin Point Lab [2] 723.4 39.6 18.3 3.7 202203 21.7 19.1 19.6 23.8 -0.9 28.4 0.0
1034.0 626.3
Capri Global [2] 711.0 11.7 60.9 6.5 202203 63.7 53.6 31.9 15.9 4.1 10.7 2.0 805.5
451.0
Carborundum Uni. [1] 766.2 17.6 43.6 6.2 202203 14.5 -43.5 26.3 13.1 -1.3 19.9 0.1
1034.0 618.1
Castrol India [5] 113.0 4.7 134.0 6.8 202203 46.5 227.8 108.5 168.7 -0.4 66.2 0.0
149.6 99.2
CCL Products [2] 412.6 15.4 26.9 4.4 202203 13.5 7.1 18.0 12.1 2.3 16.5 0.5 514.9
315.6
CEAT 1233.6 19.8 62.4 1.5 202203 13.2 -82.2 23.0 -82.7 10.1 6.3 0.6 1477.2 890.0
Central Bank 18.0 1.7 10.5 0.7 202203 18.7 -57.3 1.6 248.8 0.3 0.0 0.0 26.9 16.1
Century Plyboard [1] 522.5 14.1 37.1 7.5 202203 20.9 2.2 42.1 63.5 -1.7 19.2 0.2
749.0 352.3
Century Textiles 789.7 14.9 53.0 2.4 202203 44.9 923.4 58.5 647.1 -2.2 4.8 0.3
1025.0 668.9
Cera Sanitary. [5] 4045.3 119.2 33.9 5.2 202203 -6.5 23.5 18.1 53.8 -5.2 20.3 0.1
6430.5 3518.6
CESC [1] 74.2 10.3 7.2 1.0 202203 4.2 0.2 7.8 2.1 1.9 10.7 1.4 102.5 68.0
Chalet Hotels 314.1 -3.8 4.8 202203 56.0 -142.3 76.5 42.9 -3.6 -2.8 1.2 345.0 159.2
Chambal Fert. 303.6 37.6 8.1 2.0 202203 101.6 92.8 26.3 17.5 1.8 20.2 1.5 516.0
260.8
Chemplast Sanmar [5] 462.8 41.0 11.3 102.4 202203 34.6 -36.7 55.2 54.1 -4.3 157.5
0.0 826.4 382.4
Chola Financial [1] 644.2 54.5 11.8 1.9 202203 6.2 262.9 5.3 24.1 3.9 10.9 11.9
763.1 564.0
Cholaman.Inv.&Fn [2] 632.5 26.2 24.1 4.4 202203 5.1 180.2 5.9 41.6 0.3 9.3 6.2
770.1 469.8
Cipla [2] 966.0 32.6 29.7 3.7 202203 13.9 -5.7 13.9 9.3 3.3 17.4 0.1 1083.2 850.0
City Union Bank [1] 151.6 5.3 42.9 1.7 202203 23.7 32.2 28.6 13.4 0.1 0.0 0.0 183.7
108.6
Clean Science [1] 1557.3 21.5 72.4 21.5 202203 52.8 17.4 33.7 15.2 2.3 46.6 0.0
2698.3 1422.9
Coal India 193.3 28.2 6.9 2.8 202203 22.6 45.9 21.7 36.7 1.8 17.2 0.2 209.0 132.8
Cochin Shipyard 321.8 43.0 7.5 1.0 202203 12.2 22.3 13.2 -5.6 1.6 19.6 0.0 394.6
281.0
Coforge 3377.7 108.6 31.1 7.5 202203 38.2 56.2 37.9 41.6 -6.3 23.1 0.0 6133.0
3224.5
Colgate-Palmoliv [1] 1570.3 13.0 22.9 24.6 202203 2.9 -46.5 8.4 -21.1 -1.9 90.6 0.1
1823.0 1375.6
Container Corpn. [5] 684.6 17.3 39.5 3.9 202203 5.2 6572.5 19.1 121.8 4.3 7.4 0.0
754.1 554.1
Coromandel Inter [1] 979.6 52.0 18.8 4.5 202203 49.6 85.9 34.8 15.0 0.5 34.5 0.1
1013.2 709.6
CreditAcc. Gram. 1016.6 23.3 43.7 4.0 202203 13.5 104.4 11.5 140.7 -0.5 9.3 3.1
1154.4 495.3
CRISIL [1] 3282.2 64.3 51.0 15.2 202203 20.1 45.6 17.1 34.1 -1.3 39.0 0.0 3860.0
2425.5
Crompton Gr. Con [2] 393.1 9.3 42.3 10.2 202203 1.7 -24.8 12.3 -4.5 7.3 23.1 0.5
512.1 312.1
CSB Bank 199.7 0.9 34.4 1.4 202203 46.8 -80.6 112.4 24.0 14.1 0.0 0.0 368.0 178.0
Cummins India [2] 1127.7 29.9 37.7 6.1 202203 19.1 28.3 41.3 30.7 1.1 17.1 0.1
1161.5 822.0
Cyient [5] 770.8 47.3 16.3 2.7 202203 8.1 49.6 9.7 43.6 0.2 19.4 0.2 1292.0 725.7
D. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
Dabur India [1] 548.0 10.2 53.9 11.6 202203 7.7 -5.4 13.9 6.5 0.8 27.0 0.1 658.8
482.2
Dalmia BharatLtd [2] 1451.4 59.3 24.5 1.7 202203 7.3 -5.7 11.6 -9.7 1.3 7.5 0.3
2547.2 1212.6
DCM Shriram [2] 1015.8 68.4 14.8 2.9 202203 27.7 73.1 15.7 58.5 6.3 24.0 0.3 1263.9
855.5
Deepak Fertiliz. 639.6 56.2 11.4 2.0 202203 27.8 146.9 31.9 69.4 -1.3 14.6 1.2
730.0 344.0
Deepak Nitrite [2] 1751.3 78.2 22.4 7.2 202203 28.0 -7.9 56.0 37.5 -1.1 44.4 0.2
3020.0 1682.2
Delta Corp [1] 176.3 5.9 29.7 2.3 202206 229.9 97.5 77.1 1166.0 -1.8 0.3 0.0 339.5
162.1
Devyani Intl. [1] 164.8 1.4 114.7 28.9 202203 36.4 32.9 83.6 272.0 -1.6 12.9 3.2
198.9 107.7
Dhanuka Agritech [2] 698.4 44.8 15.6 3.4 202203 15.5 11.8 6.5 -0.8 -0.3 30.1 0.1
1028.4 635.2
Dilip Buildcon 199.1 -32.4 0.8 202203 -15.0 -147.8 -5.9 -291.1 -1.3 12.7 3.0 749.3
187.4
Divi's Lab. [2] 3728.2 111.5 33.4 8.4 202203 40.8 78.2 28.6 49.2 1.6 32.0 0.0
5425.0 3365.1
Dixon Technolog. [2] 3740.8 32.0 116.7 22.3 202203 40.0 42.3 65.9 19.0 2.3 28.4 0.2
6240.0 3185.1
DLF [2] 353.7 6.8 52.4 2.4 202203 -9.7 -15.7 5.6 46.0 3.8 4.1 0.2 449.8 294.8
Dr Lal Pathlabs 1966.6 41.4 47.5 10.9 202203 12.6 -26.5 32.0 18.2 -9.7 29.4 0.3
4243.0 1805.1
Dr Reddy's Labs [5] 4542.8 131.1 34.6 3.9 202203 15.0 -82.6 13.0 11.8 3.2 14.5 0.2
5450.3 3655.0
E. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .
eClerx Services 2124.8 123.4 17.2 4.6 202203 25.1 20.3 38.1 47.7 2.9 24.7 0.1
2970.0 1769.1
Edelweiss.Fin. [1] 58.4 2.0 29.1 0.8 202203 -38.1 -93.2 -26.0 -28.8 9.7 10.2 5.1
100.0 49.4
Eicher Motors [1] 3034.9 61.3 49.5 6.6 202203 7.1 16.0 16.9 24.5 3.6 16.3 0.0
3052.0 2110.0
EID Parry [1] 552.3 51.7 10.7 1.8 202203 46.2 18574.1 26.8 77.2 1.3 25.8 0.7 576.0
377.1
EIH [2] 130.5 -2.1 2.7 202203 39.8 -137.5 99.0 64.4 -2.5 -3.1 0.2 171.6 100.2
Elgi Equipments [1] 374.6 5.6 66.5 11.5 202203 19.2 68.5 31.2 74.1 4.4 13.0 0.6
422.7 191.6
Emami [1] 471.6 19.1 24.7 10.0 202203 5.4 311.2 10.8 85.6 1.5 29.1 0.1 621.4 393.6
Endurance Tech. 1416.5 34.3 41.3 5.1 202203 -2.5 -27.3 15.3 -8.8 -6.2 16.3 0.2
1981.0 1047.7
Engineers India [5] 60.6 2.5 24.4 1.9 202203 -27.7 4042.9 -7.4 -37.2 -1.9 24.4 0.0
82.5 56.0
EPL Ltd [2] 182.6 6.8 26.9 3.2 202203 8.6 -14.3 11.0 -14.6 10.5 13.2 0.4 262.1
147.4
Equitas Holdings 91.1 5.4 16.9 0.9 202203 8.0 -9.5 6.5 -61.0 0.0 9.5 6.6 144.9 76.0
Equitas Sma. Fin 40.3 53.5 5.0 1.2 202203 39.0 29.9 56.7 273.3 -3.8 0.0 0.0 71.3
37.5
ERIS Lifescience [1] 675.1 29.9 22.6 4.8 202203 9.8 17.7 11.2 14.4 2.1 26.8 0.0
863.2 600.5
Esab India 3332.2 -72.6 21.0 202203 9.8 -296.2 -0.8 -111.8 -1.6 43.9 0.0 4160.4
1829.0
Escorts Kubota 1656.5 55.8 29.7 2.8 202203 -15.7 -28.1 3.2 -15.5 6.2 15.6 0.0
1930.0 1128.4
Exide Inds. [1] 149.5 51.4 2.9 1.2 202203 16.5 1130.1 10.5 439.2 3.0 5.5 0.1 203.0
130.3
F. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .
FDC [1] 264.2 12.8 20.6 2.3 202203 8.8 -78.5 14.6 -28.8 6.3 23.6 0.0 388.8 229.2
Federal Bank [2] 98.8 10.7 9.2 1.1 202206 9.0 77.8 3.0 39.4 1.4 0.0 0.0 107.7 77.5
Fine Organic [5] 5009.9 84.7 59.2 16.0 202203 91.1 283.3 65.6 115.8 -2.7 21.4 0.2
6139.0 2735.5
Finolex Cables [2] 408.2 39.2 10.4 1.6 202203 28.8 33.9 36.1 29.8 -0.1 19.6 0.0
608.7 344.0
Finolex Inds. [2] 133.6 12.2 10.9 2.1 202203 27.7 -32.0 34.2 2.9 -4.0 34.6 0.1
268.0 128.0
Firstsour.Solu. 102.8 7.7 13.4 2.4 202203 5.1 17.6 16.6 25.7 -1.7 16.4 0.5 242.7
93.0
Fortis Health. 261.6 3.7 71.1 3.2 202203 10.0 57.4 41.9 351.1 4.1 7.8 0.2 313.8
219.8
FSN E-Commerce [1] 1409.3 0.9 1627.0 49.9 202203 31.4 -49.3 54.6 -30.6 1.2 12.9 0.9
2574.0 1208.4
G. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
G N F C 629.2 110.1 5.7 1.2 202203 59.9 107.1 68.5 145.4 1.5 13.6 0.1 912.0 313.1
G R Infraproject [5] 1226.3 86.1 14.2 2.5 202203 -12.4 8.9 8.3 -12.8 -1.1 22.9 1.1
2277.0 1074.4
G S F C [2] 138.9 22.6 6.2 0.5 202203 16.8 90.6 19.0 99.6 4.2 6.0 0.1 198.7 95.1
GAIL (India) 140.4 27.6 5.1 1.0 202203 73.4 38.9 61.7 99.7 2.3 12.3 0.1 173.5 125.2
Galaxy Surfact. 3053.3 74.1 41.2 6.9 202203 34.4 25.1 32.4 -13.0 5.4 19.0 0.3
3600.0 2560.6
Garware Tech. 3042.0 79.9 38.1 6.5 202203 6.2 1.3 15.0 4.0 -4.0 24.2 0.2 4033.4
2611.2
GE Shipping Co 392.9 33.5 11.7 0.7 202203 23.8 547.2 5.2 -10.2 -3.1 7.5 0.6 445.5
265.1
General Insuranc [5] 115.8 13.6 8.5 0.6 202203 14.6 45.7 -1.1 19.8 1.1 6.7 0.0
191.2 107.6
GHCL 644.2 67.7 9.5 2.0 202203 76.6 144.1 46.4 98.3 2.2 25.8 0.3 686.7 292.7
Gillette India 5078.4 12.6 65.6 20.1 202203 26.2 96.7 34.1 103.1 -2.6 47.2 0.0
6270.1 4751.0
Gland Pharma [1] 2465.1 73.6 33.5 5.7 202203 24.2 9.8 27.1 21.5 -2.3 28.0 0.0
4350.0 2421.3
Glaxosmi. Pharma 1509.1 101.3 14.9 9.6 202203 8.8 5188.0 9.3 331.1 1.5 89.3 0.0
1917.0 1433.1
Glenmark Pharma [1] 380.5 38.4 9.9 1.2 202203 4.6 -13.4 12.7 14.9 -1.8 14.8 0.7
690.6 348.9
GMM Pfaudler [2] 1433.8 19.4 73.9 11.9 202203 52.5 -50.0 153.8 -16.1 3.4 11.8 0.9
1765.0 1251.0
Godfrey Phillips [2] 1078.9 84.3 12.8 1.9 202203 3.4 8.9 6.7 16.3 0.7 15.3 0.2
1409.9 937.3
Godrej Agrovet 499.8 21.5 23.3 4.2 202203 42.6 116.1 32.9 31.6 -2.7 17.3 0.6 746.8
441.0
Godrej Consumer [1] 874.2 17.5 49.9 7.7 202203 7.0 -9.2 11.3 1.9 2.8 18.4 0.2
1138.5 660.2
Godrej Industrie [1] 442.3 21.1 21.0 2.1 202203 70.3 1422.7 51.4 112.4 3.9 7.0 1.3
661.6 405.0
Godrej Propert. [5] 1343.7 12.7 106.1 4.3 202203 207.6 36.0 138.6 286.0 3.1 5.0 0.6
2598.0 1130.2
Granules India [1] 303.6 16.6 18.2 2.9 202203 28.9 -13.0 16.3 -24.9 8.7 17.2 0.4
404.5 227.0
Graphite India [2] 390.9 25.8 15.1 1.5 202203 49.4 48.4 54.5 1678.1 -5.6 13.7 0.1
754.0 350.3
Grasim Inds [2] 1398.3 115.7 12.1 1.2 202203 18.1 61.8 25.3 68.2 0.6 8.4 1.3 1939.0
1276.9
Greaves Cotton [2] 156.0 -2.2 4.8 202203 19.3 55.1 13.9 -459.0 -0.4 3.3 0.0 258.9
126.2
Grindwell Norton [5] 1727.1 26.7 64.7 12.2 202203 10.3 11.4 23.2 23.6 0.9 26.6 0.0
2025.5 1140.9
Guj Pipavav Port 79.1 4.1 19.1 1.7 202203 14.1 8.5 1.4 -9.7 -0.5 13.3 0.0 118.6
70.4
Guj.St.Petronet 228.2 29.2 7.8 1.6 202203 32.5 6.8 56.0 2.5 -0.9 36.4 0.5 383.0
209.5
Gujarat Alkalies 683.7 76.2 9.0 0.9 202203 70.0 536.7 54.7 237.7 -4.0 4.6 0.1
1044.8 423.3
Gujarat Fluoroch [1] 3185.2 71.7 44.4 8.2 202203 27.8 96.4 49.2 459.9 8.2 11.2 0.5
3245.0 1387.0
Gujarat Gas [2] 453.2 18.9 24.0 5.5 202203 36.0 30.2 66.8 1.9 1.5 33.2 0.4 786.7
403.8
H. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
H D F C [2] 2216.2 124.5 17.8 2.2 202203 -1.9 20.7 -2.2 20.6 -1.0 8.6 2.8 3021.1
2026.6
H P C L 239.8 51.4 4.7 0.8 202203 30.4 -34.1 50.2 -31.6 -0.7 19.3 1.3 354.6 206.7
H U D C O 35.7 8.6 4.2 0.5 202203 -1.8 41.9 -3.9 8.7 0.8 9.5 4.8 54.5 30.6
Happiest Minds [2] 828.5 12.6 65.6 18.3 202203 36.2 44.5 41.4 14.1 -0.2 29.7 0.4
1580.8 785.6
N. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
Narayana Hrudaya 666.7 16.7 39.8 9.2 202203 12.3 1.3 43.3 2489.4 3.7 1.4 0.8 775.0
466.1
Natco Pharma [2] 637.0 9.3 68.4 2.7 202203 80.1 -195.3 -5.2 -61.4 -0.5 13.7 0.1
1113.5 608.0
Natl. Aluminium [5] 70.3 16.1 4.4 1.0 202203 53.8 9.6 58.3 127.1 -5.5 11.7 0.0
132.8 67.0
Navin Fluo.Intl. [2] 3778.0 53.1 71.2 10.2 202203 21.6 16.2 23.2 6.3 -0.8 18.8 0.0
4339.0 3196.2
NBCC [1] 30.3 1.5 19.9 3.1 202203 -11.7 0.8 11.6 21.8 -1.9 15.3 0.0 54.3 26.7
NCC [2] 56.8 5.0 11.3 0.6 202203 23.5 -20.8 40.1 14.2 0.4 11.5 0.4 95.5 51.0
NESCO [2] 594.8 26.8 22.2 2.5 202203 21.3 34.7 15.9 9.7 4.1 14.3 0.0 687.0 501.1
Nestle India 18752.3 23.4 109.2 86.7 202203 20.7 76.4 22.6 107.3 -1.2 55.5 0.1
20600.0 16000.0
Netwrk.18 Media [5] 68.4 2.0 34.5 9.4 202203 14.6 58.1 25.0 542.9 1.3 9.9 5.3 117.4
45.5
New India Assura [5] 79.9 1.2 67.6 0.5 202203 4.4 -337.1 10.2 -88.1 -1.1 7.5 0.0
178.9 78.2
NHPC Ltd 34.6 3.5 9.9 1.0 202203 4.0 5.6 -4.8 3.2 7.3 8.4 0.7 37.6 25.3
Nippon Life Ind. 276.2 12.0 23.1 4.9 202203 11.9 4.8 23.0 9.4 -3.8 30.2 0.0 476.5
259.3
NLC India 67.1 7.7 8.7 0.7 202203 8.7 -54.8 21.3 -17.9 0.1 7.1 2.0 92.4 49.9
NMDC [1] 99.9 32.0 3.1 0.8 202203 -2.1 -35.9 68.4 49.4 -8.3 28.8 0.0 186.5 99.6
NOCIL 280.1 10.6 26.5 3.2 202203 43.7 84.6 69.9 99.2 8.7 17.4 0.0 321.0 191.0
NTPC 149.8 17.2 8.7 1.1 202203 23.2 13.7 19.0 6.4 4.4 7.9 1.7 166.3 112.0
Nuvoco Vistas 287.6 0.9 320.2 1.2 202203 11.3 -22.4 24.4 223.7 -1.1 4.2 0.8 577.5
260.0
O. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
O N G C [5] 126.5 37.4 3.4 0.6 202203 36.6 56.1 47.5 205.3 4.1 9.2 0.6 194.6 108.5
Oberoi Realty 848.7 37.7 22.5 3.0 202206 221.2 399.9 49.8 73.0 5.7 11.7 0.2 1051.9
644.0
Oil India 182.1 51.8 3.5 0.7 202203 36.4 113.9 33.5 44.8 -1.1 13.5 0.7 306.0 153.2
One 97 [1] 708.7 -36.9 3.3 202203 89.0 -272.4 77.5 -43.2 1.4 0.0 0.1 1961.1 511.0
Oracle Fin.Serv. [5] 3117.8 218.8 14.3 3.8 202203 5.4 4.7 4.8 7.2 -2.7 34.3 0.0
5144.6 2950.7
Orient Electric [1] 286.4 375.9 52.5 11.2 202203 14.6 38.7 14.1 15.6 1.3 32.1 0.1
408.2 245.1
P. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
P & G Health Ltd 4207.1 44.0 59.4 11.9 202203 11.4 -49.9 24.2 -23.8 -0.3 27.6 0.0
5850.0 3925.3
P & G Hygiene 14033.3 24.6 120.9 51.2 202203 10.3 2.6 -1.0 -34.0 -0.4 86.3 0.0
16466.4 12342.2
P I Industries [1] 2954.3 55.6 53.1 7.3 202203 16.5 13.7 15.8 14.3 7.3 21.7 0.1
3533.3 2334.4
Page Industries 44410.4 17.9 30.7 45.5 202203 29.0 104.8 19.6 -3.5 -5.3 66.7 0.1
46705.0 29965.5
Patanjali Foods [2] 1037.6 0.8 346.0 3.6 202203 29.0 1746.4 10.8 -94.3 -0.7 11.6
0.9 1228.0 706.0
PCBL Ltd [1] 109.6 11.3 9.7 1.6 202203 40.6 -31.0 67.2 35.8 4.1 18.5 0.3 139.3 89.0
Persistent Sys 3138.2 90.3 34.7 7.1 202203 47.1 45.9 36.4 53.2 -7.6 26.4 0.1 4986.9
2771.4
Petronet LNG 228.2 22.9 10.0 2.5 202203 47.3 24.0 65.9 17.0 1.5 26.8 0.3 243.0
190.3
Pfizer 4104.2 135.3 20.2 6.6 202203 20.9 134.6 37.1 150.5 2.4 22.7 0.0 6164.8
4056.0
Phoenix Mills [2] 1206.6 13.2 91.5 3.3 202203 28.4 60.0 39.9 324.6 -1.0 4.1 1.0
1289.3 793.5
Pidilite Inds. [1] 2307.9 23.8 97.1 18.3 202203 12.1 -17.7 36.0 6.5 2.6 28.9 0.1
2764.6 1988.6
Piramal Enterp. [2] 1659.2 86.2 19.3 1.1 202203 22.4 -80.8 9.2 59.8 -3.0 8.5 1.4
3013.0 1561.0
PNB Housing 331.4 49.6 6.7 0.6 202203 -22.2 33.5 -18.5 -10.0 -0.8 7.9 6.0 756.5
312.0
PNC Infratech [2] 249.6 22.7 11.0 1.8 202203 19.4 65.4 24.5 17.1 3.3 14.7 1.4 395.6
219.4
Poly Medicure [5] 735.7 15.3 48.2 6.5 202203 20.9 -6.9 17.4 7.8 0.1 21.7 0.3 1093.0
652.3
Polycab India 2154.7 60.7 35.5 5.8 202203 34.9 14.5 39.3 4.2 -2.3 22.6 0.0 2820.1
1761.3
Power Fin.Corpn. 107.5 53.1 2.0 0.4 202203 3.9 9.7 6.4 19.3 -1.3 9.5 11.4 153.8
97.2
Power Grid Corpn 209.4 20.3 10.3 1.9 202203 1.7 10.7 5.0 11.1 -4.3 10.9 2.2 248.3
167.0
Praj Industries [2] 380.5 8.2 46.5 7.6 202203 46.2 10.8 78.8 85.3 -0.7 23.2 0.0
448.3 289.1
Prestige Estates 428.5 11.6 36.9 1.9 202203 6.9 12.0 -10.4 37.7 0.9 10.5 1.1 553.4
301.0
Prince Pipes 598.0 134.2 39.4 5.2 202203 31.3 167.4 11.1 23.3 1.5 28.0 0.2 896.7
549.1
Prism Johnson 110.0 1.7 64.9 4.2 202203 -1.8 -84.6 11.5 -49.7 -1.7 7.1 1.4 160.0
96.8
Privi Speci. 1094.2 24.0 45.6 5.3 202203 6.7 -50.7 10.0 -6.0 4.6 13.2 0.8 2268.0
1011.6
Pun. & Sind Bank 14.5 28.6 24.2 0.8 202203 22.6 10.6 50.1 103.1 -3.1 0.0 0.0 21.4
12.5
Punjab Natl.Bank [2] 30.3 3.5 8.6 0.4 202203 0.1 -51.7 -6.9 50.7 -1.1 0.0 0.0 47.6
28.1
PVR 1922.3 -79.9 8.6 202203 196.0 -136.5 375.3 34.7 1.2 0.0 3.2 2010.4 1224.7
Q. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
Quess Corp 588.3 16.0 36.9 3.6 202203 26.2 19.2 26.3 538.2 1.8 7.0 0.5 990.0 527.6
R. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
R C F 82.3 10.7 7.7 1.2 202203 79.1 41.3 54.7 58.4 1.2 9.8 1.1 112.7 66.5
Radico Khaitan [2] 912.5 19.7 46.3 6.1 202203 17.9 -31.8 19.4 -5.0 2.9 18.6 0.2
1299.9 731.4
Rail Vikas 30.5 5.7 5.4 1.0 202203 15.4 -1.0 25.8 19.3 -1.6 10.9 0.9 44.8 27.5
Rain Industries [2] 144.8 19.4 7.5 0.8 202203 47.5 34.5 50.9 -1.0 -5.6 11.0 1.5
272.9 128.7
Rajesh Exports [1] 591.4 34.2 17.3 1.4 202203 33.0 -52.7 -5.9 19.3 -0.2 8.6 0.1
994.5 516.1
Rallis India [1] 196.9 8.4 23.3 2.3 202203 7.7 -304.5 7.2 -25.9 0.6 13.0 0.1 341.7
182.6
Ratnamani Metals [2] 1734.3 46.0 37.7 5.4 202203 39.9 2.0 36.9 16.9 4.5 19.6 0.1
1920.0 1236.7
RBL Bank 81.9 -2.8 0.4 202203 7.0 117.5 -2.7 -131.4 -2.2 0.0 0.0 221.2 74.2
REC Ltd 121.6 50.8 2.4 0.5 202203 4.6 10.8 11.4 19.8 -7.0 9.3 7.8 168.7 109.7
Redington India [2] 122.3 16.5 7.4 1.7 202203 11.6 17.5 10.0 68.5 -7.6 28.6 0.1
179.3 109.6
Relaxo Footwear [1] 985.1 12.7 49.3 13.9 202203 -7.7 -30.6 28.3 85.0 1.1 26.2 0.1
1447.0 928.0
Reliance Industr 2401.6 86.3 27.8 2.1 202203 38.6 29.7 49.9 33.0 0.4 7.8 0.5 2855.0
2016.6
Responsive Ind [1] 141.4 0.0 377281.1 3.9 202203 56.7 -128.2 46.4 -100.0 -4.0 6.1
0.2 215.0 98.1
Restaurant Brand 114.1 35.4 13.6 2.9 202203 20.1 19.8 -1.5 3.3 3.8 0.0 1.5 190.0
86.6
RHI Magnesita [1] 542.3 16.7 32.5 8.5 202203 44.8 134.7 45.6 96.9 5.1 23.3 0.1
675.0 305.0
Rites 235.0 21.5 10.9 2.3 202203 21.7 -0.7 43.1 19.4 -1.7 21.4 0.0 318.0 226.1
Rossari Biotech [2] 848.9 17.7 47.9 5.8 202203 101.1 7.4 109.1 21.7 -0.7 22.7 0.0
1620.6 795.1
Route Mobile 1305.1 26.4 49.5 4.9 202203 72.7 29.1 42.4 24.7 1.3 17.1 0.0 2388.1
1052.6
S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .
S A I L 69.3 30.3 2.3 0.5 202203 32.1 -31.2 49.7 203.4 -3.2 10.5 1.1 145.9 63.6
S C I 100.2 18.6 5.4 0.5 202203 50.2 77.4 34.9 24.3 1.9 6.1 0.5 160.2 86.0
Sanofi India 6620.8 7.5 15.0 6.9 202203 8.5 -6.2 24.4 5.9 4.8 33.8 0.0 9300.0
6320.7
Sapphire Foods 1100.8 7.3 150.5 6.9 202203 45.9 91.5 68.8 147.2 -1.8 0.0 1.3 1535.0
910.0
Saregama India [1] 407.1 7.9 51.5 6.2 202203 46.0 30.2 31.4 35.6 1.2 24.9 0.0 548.7
297.0
SBI Cards 835.7 10.3 14.7 10.2 202203 7.5 87.9 -0.7 28.2 4.6 10.0 3.1 1164.7 656.1
SBI Life Insuran 1153.2 39.6 39.6 9.9 202203 1.4 2.8 5.3 4.1 0.2 0.7 0.0 1293.0
1003.6
Schaeffler India [2] 2448.3 26.4 7.6 10.5 202203 4.5 204.7 8.9 109.9 5.2 24.5 0.0
2489.4 1065.0
Sh.Renuka Sugar [1] 48.3 -0.7 -6.6 202203 64.6 81.1 13.9 -387.8 1.4 0.0 0.0 63.3
21.5
Sheela Foam [5] 2636.9 44.5 59.2 9.2 202203 4.2 -15.3 22.4 -8.6 0.1 23.3 0.3 4054.0
2195.0
Shilpa Medicare [1] 416.4 6.4 65.6 2.0 202203 63.7 278.4 27.1 -45.8 5.2 7.6 0.4
671.0 380.4
Shree Cement 19729.0 646.3 30.5 4.1 202203 3.1 -17.7 10.7 2.0 -1.0 16.5 0.1 31441.1
17900.0
Shri.City Union. 1814.7 172.7 10.5 1.3 202203 19.1 9.9 14.9 8.3 4.6 10.9 3.6 2600.0
1402.0
Shriram Trans. 1314.4 100.6 13.1 1.4 202203 13.1 44.2 10.5 8.9 2.7 9.9 4.6 1696.2
1002.5
Shyam Metalics 286.8 67.6 4.2 1.3 202203 21.5 11.2 65.1 104.4 0.9 25.1 0.3 461.2
273.0
Siemens [2] 2679.2 29.5 90.8 9.0 202203 13.5 2.6 32.7 10.0 0.0 14.0 0.0 2711.3
1919.5
SIS [5] 449.4 22.1 20.3 3.2 202203 8.3 -68.0 10.2 -42.6 0.3 26.3 0.8 559.8 423.0
SJVN 29.1 2.5 11.5 0.9 202203 -30.3 -97.9 -2.8 -47.8 6.8 14.3 0.2 33.8 25.4
SKF India 3731.0 2.2 18.0 9.8 202203 9.5 5.9 8.3 -26.9 0.5 30.0 0.0 4245.3 2503.7
Sobha 631.5 12.3 51.3 2.4 202203 32.1 39.7 29.4 87.5 -6.5 12.2 1.3 1045.0 480.4
Solar Industries [2] 2640.2 48.8 54.1 12.5 202203 66.4 84.5 56.9 59.7 -1.8 25.3 0.5
3191.6 1550.0
Sona BLW Precis. 570.6 6.0 94.7 16.7 202203 2.0 51.8 36.0 56.8 0.6 22.6 0.2 839.2
388.2
Sonata Software [1] 658.9 35.8 18.4 6.3 202203 36.1 21.5 31.3 54.3 -4.2 42.3 0.2
1030.0 610.0
SPARC [1] 214.4 54.8 60.8 186.7 202203 27.9 8.2 31.1 42.2 -3.8 0.0 0.0 348.8 172.5
SpiceJet 38.2 -23.9 -0.6 202112 34.8 79.6 8.2 9.5 -2.7 0.0 0.0 87.3 35.0
SRF 2260.0 63.7 35.5 7.8 202203 35.3 59.0 48.4 57.7 3.9 23.6 0.5 2773.0 1514.8
St Bk of India [1] 479.0 45.8 10.5 1.5 202203 9.7 55.9 4.3 90.6 -1.9 0.0 0.0 549.1
401.3
Star Cement [1] 84.7 6.1 13.9 1.6 202203 24.3 3.7 29.2 31.0 -1.6 12.8 0.0 120.0
81.5
Sterling & Wils. [1] 282.5 -62.6 5.8 202206 1.0 -564.9 0.1 -214.2 -7.7 -13.5 1.0
509.0 248.4
Sterlite Tech. [2] 141.1 1.3 111.2 2.9 202203 7.3 -118.0 19.3 -81.7 -2.0 12.1 1.4
318.0 136.3
Strides Pharma 340.1 -26.3 1.3 202203 -4.7 89.8 -7.4 -204.3 -2.2 7.6 0.9 809.0
263.5
Sudarshan Chem. [2] 428.5 18.8 22.8 3.6 202203 8.6 -16.4 18.4 -7.9 0.2 16.7 0.8
785.5 405.3
Sumitomo Chemi. 487.0 8.5 57.4 12.6 202203 24.5 38.0 15.9 22.7 3.6 32.5 0.0 511.9
341.2
Sun Pharma.Inds. [1] 878.3 31.5 27.9 4.4 202203 10.9 -0.9 15.6 13.9 2.4 13.6 0.1
966.9 672.9
Sun TV Network [5] 418.2 41.7 10.0 2.0 202203 6.8 -15.9 12.8 7.6 -2.6 30.5 0.0
611.3 402.6
Sundaram Clayton [5] 4356.3 132.6 32.9 1.7 202203 7.2 -9.4 26.1 -21.0 7.3 11.4 3.7
5123.6 3307.0
Sundram Fasten. [1] 799.5 21.7 36.8 6.4 202203 5.2 -24.3 35.1 27.2 3.0 20.0 0.3
993.0 674.8
Sunteck Realty [1] 507.7 1.7 296.3 2.7 202203 -18.6 -130.2 -16.0 -45.2 0.3 4.2 0.3
590.0 336.7
Supreme Inds. [2] 1824.5 76.2 23.9 6.0 202203 22.8 -28.1 22.3 -1.0 -2.3 34.6 0.0
2689.0 1668.6
Suven Pharma [1] 460.6 17.8 25.8 7.7 202203 40.4 10.3 30.8 25.2 4.1 40.5 0.2 631.2
429.9
Suzlon Energy [2] 6.3 -0.3 10.8 202203 118.0 -469.6 97.9 59.8 -5.0 2.2 0.0 13.1 5.7
Swan Energy [1] 190.0 -3.3 4.0 202203 194.3 -167.3 52.0 -129.5 3.6 1.0 2.4 337.0
112.5
Symphony [2] 854.1 17.2 49.8 7.1 202203 13.3 1.6 15.4 6.6 -3.9 15.5 0.3 1214.0
836.0
Syngene Intl. 613.6 10.5 58.5 7.5 202203 15.1 12.5 19.2 12.0 7.1 11.8 0.3 700.0
508.1
T. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .
Tanla Platforms [1] 903.0 39.7 22.7 9.1 202203 31.5 37.1 36.9 51.4 -10.7 51.4 0.0
2094.4 790.0
Tata Chemicals 853.9 49.7 17.2 1.2 202203 32.0 3622.8 23.7 393.9 2.1 7.9 0.4 1158.0
729.8
Tata Coffee [1] 217.2 8.2 26.6 2.7 202203 11.0 -7.3 4.8 12.1 2.7 13.4 0.8 254.0
178.9
Tata Comm 983.6 51.7 19.0 30.2 202203 4.7 26.6 -2.2 12.9 1.0 13.3 19.7 1590.0 856.0
Tata Consumer [1] 790.4 10.6 74.7 4.8 202203 4.5 138.8 7.1 11.7 3.9 9.2 0.1 889.0
650.8
Tata Elxsi 8055.9 76.5 66.4 31.3 202206 5.6 -34.4 11.2 -24.0 0.8 46.6 0.1 9420.0
4106.3
Tata Inv.Corpn. 1361.9 42.3 32.2 0.4 202203 68.0 654.3 55.0 39.1 -2.0 1.5 0.0
1734.0 1117.4
Tata Motors [2] 440.1 -35.0 3.3 202203 -11.3 -122.3 11.4 -19189.6 -0.4 1.0 2.9
536.5 268.5
Tata Power Co. [1] 225.1 5.4 41.3 3.2 202203 15.4 28.0 30.9 47.6 2.3 7.9 2.2 298.0
118.4
Tata Steel 883.6 329.5 2.7 1.0 202203 38.8 34.6 56.8 385.1 -0.2 29.2 0.9 1534.6
827.1
Tata Tele. Mah. 114.0 9.9 91.3 -0.9 202203 4.0 -55.9 14.7 -13.4 0.2 0.0 0.0 291.1
32.9
TCI Express [2] 1516.3 65.3 29.0 10.9 202203 2.7 8.7 14.2 5.1 -3.0 35.5 0.0 2570.0
1280.3
TCNS Clothing Co [2] 530.9 11.1 15.9 5.3 202203 3.3 -33.1 8.2 -19.9 2.3 -4.0 0.5
932.6 493.7
TCS [1] 2993.6 106.0 28.2 12.4 202206 16.2 5.2 16.3 9.9 -8.3 54.0 0.1 4045.5 2953.0
Team Lease Serv. 3574.7 63.7 56.1 8.8 202203 35.6 60.1 32.7 35.9 1.1 12.4 0.1
5544.1 2912.0
Tech Mahindra [5] 974.3 57.2 17.0 3.5 202203 24.5 39.2 17.9 25.7 -5.1 23.8 0.1
1837.8 944.1
The Ramco Cement [1] 644.1 37.3 17.3 2.3 202203 4.6 -45.1 13.7 12.5 -1.2 14.5 0.6
1131.0 575.1
Thermax [2] 2058.5 26.2 78.6 7.0 202203 26.5 -4.6 27.9 30.2 -1.4 11.3 0.1 2347.0
1288.4
Thyrocare Tech. 618.3 33.3 18.6 6.2 202203 -11.1 -43.7 19.0 55.2 -0.3 41.2 0.0
1384.6 609.8
Timken India 2611.1 23.0 12.4 11.9 202203 28.1 18.1 30.4 21.8 8.5 12.6 0.0 2727.0
1473.0
Titan Company [1] 2188.9 24.9 87.9 20.9 202203 -1.1 -2.9 36.5 127.2 2.1 20.8 0.8
2767.6 1661.9
Torrent Pharma. [5] 1516.8 34.9 43.5 8.6 202203 9.9 -12.0 6.8 -5.8 3.4 18.2 0.8
1652.2 1242.5
Torrent Power 497.3 33.6 14.8 2.4 202203 21.4 69.7 17.1 25.2 3.6 12.1 0.9 606.1
416.0
Trent [1] 1210.9 3.6 335.8 18.2 202203 46.7 -99.4 73.5 188.3 0.5 7.2 1.6 1347.1
838.2
Trident [1] 36.2 1.7 21.6 4.8 202203 39.0 85.8 55.0 161.3 -6.8 23.3 0.4 70.9 16.9
Triveni Turbine [1] 155.2 4.0 38.9 5.9 202203 32.5 41.8 21.3 12.0 -4.9 22.7 0.0
231.3 107.0
TTK Prestige [1] 834.8 22.0 38.0 6.7 202203 16.6 4.8 24.5 33.5 -0.7 24.5 0.1 1269.6
748.6
Tube Investments [1] 1997.3 38.7 51.6 12.6 202203 25.1 17.8 107.5 142.6 -0.8 29.5
0.5 2095.0 1064.5
TV18 Broadcast [2] 38.3 3.4 11.2 1.4 202203 11.0 -13.4 22.9 28.3 -2.5 14.5 0.3 82.6
33.1
TVS Motor Co. [1] 872.1 16.4 53.3 9.4 202203 7.4 -11.3 25.4 29.4 3.9 10.9 3.4 885.9
495.0
U. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
UCO Bank 11.2 32.4 109.0 0.6 202203 8.7 31.0 5.8 5923.7 7.7 0.0 0.0 15.3 10.5
Uflex 610.8 156.1 3.9 0.7 202203 54.8 43.4 49.4 33.8 -3.9 15.2 0.8 719.0 427.1
UltraTech Cem. 5806.4 254.4 22.8 3.3 202203 9.5 45.5 17.6 30.2 -0.6 14.6 0.5 8267.0
5158.1
Union Bank (I) 36.5 7.7 4.7 0.4 202203 9.0 22.7 -1.6 83.9 1.4 0.0 0.0 54.8 32.7
United Breweries [1] 1653.3 13.8 119.6 11.1 202203 10.7 18.7 37.6 224.1 2.2 5.0 0.1
1793.7 1274.6
UPL [2] 669.5 50.6 13.2 2.1 202203 24.0 33.2 19.5 27.6 -2.9 13.2 1.3 852.5 607.8
UTI AMC 629.4 42.1 15.0 2.2 202203 4.1 -59.7 14.2 8.1 -6.4 19.5 0.0 1216.6 595.0
V. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
V I P Inds. [2] 633.7 4.7 134.0 16.0 202203 46.5 227.8 108.5 168.7 -0.4 12.8 0.6
774.5 374.0
Vaibhav Global [2] 299.3 13.0 22.9 4.4 202203 2.9 -46.5 8.4 -21.1 -1.9 20.8 0.1
858.2 288.0
Vakrangee [1] 29.9 0.9 34.4 1.2 202206 46.8 -80.6 112.4 24.0 14.1 3.1 0.0 47.0 23.6
Vardhman Textile [2] 267.1 53.5 5.0 1.0 202203 39.0 29.9 56.7 273.3 -3.8 7.9 0.4
576.0 245.5
Varroc Engineer [1] 307.5 -72.6 2.4 202203 9.8 -296.2 -0.8 -111.8 -1.6 -4.9 1.3
494.6 260.2
Varun Beverages 826.6 12.6 65.6 13.2 202203 26.2 96.7 34.1 103.1 -2.6 16.6 0.9
883.6 480.6
Vedanta [1] 227.9 51.4 4.4 1.3 202203 41.1 -14.3 51.0 57.0 1.8 17.9 1.0 440.8 206.1
V-Guard Industri [1] 226.5 5.3 42.9 7.0 202203 23.7 32.2 28.6 13.4 0.1 21.6 0.1
274.8 181.9
Vinati Organics [1] 2103.5 33.7 62.4 11.8 202203 73.7 42.7 69.3 28.7 4.7 23.7 0.0
2289.6 1675.0
V-Mart Retail 2629.4 383.6 92.8 6.1 202203 -0.7 -30.1 -3.1 -26.3 -1.3 4.1 0.8
4620.0 2406.0
Vodafone Idea 8.7 -8.8 -0.5 202203 6.6 -208.3 -8.2 -17.1 3.3 0.0 0.0 16.8 4.6
Voltas [1] 983.3 15.2 64.5 5.9 202203 0.2 -23.1 5.2 -4.0 1.5 12.7 0.1 1356.9 923.5
VST Industries 3118.0 0.9 19.1 4.5 202203 3.9 57.9 -1.4 105.6 -0.6 41.6 0.0 3894.0
2786.0
W. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .
Welspun Corp [5] 209.5 17.8 11.8 1.2 202203 3.5 11.0 -7.1 -24.2 -4.7 6.6 0.3 250.5
106.0
Welspun India [1] 69.5 6.3 11.1 1.8 202203 4.3 -59.9 27.3 16.6 -0.6 14.1 1.0 170.8
62.3
Westlife Develop [2] 530.4 -0.1 17.9 202203 26.5 137.2 59.5 98.4 2.0 0.0 1.8 683.6
402.1
Whirlpool India 1691.5 20.9 81.0 6.4 202203 -4.1 -35.6 5.0 -24.7 2.0 9.9 0.0 2549.8
1403.8
Wipro [2] 393.9 22.3 17.7 3.3 202203 28.4 3.9 27.7 13.3 -6.0 20.5 0.2 739.8 391.0
Wockhardt [5] 211.8 -4.3 0.8 202203 3.6 -181.2 19.3 90.4 1.3 13.0 1.0 544.6 201.6
Y. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
Yes Bank [2] 13.3 0.4 31.2 1.0 202203 24.1 -90.2 -5.1 130.5 3.8 0.0 0.0 16.3 10.5
Z. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .
Zee Entertainment [1] 224.6 10.8 20.7 2.0 202203 18.2 -19.9 5.9 19.9 0.3 13.9 0.0
378.6 166.8
Zensar Tech. [2] 249.9 18.4 13.6 2.1 202203 31.7 46.4 12.2 60.9 -7.3 20.6 0.1 587.0
247.0
ZF Commercial [5] 8053.5 8.3 70.9 7.2 202203 103.9 104.6 140.0 310.3 0.3 9.5 0.0
8777.7 6823.0
Zomato Ltd [1] 54.0 16.4 53.3 2.6 202203 7.4 -11.3 25.4 29.4 3.9 0.0 0.0 169.1 50.4
Zydus Lifesci. [1] 371.2 156.1 3.9 2.2 202203 54.8 43.4 49.4 33.8 -3.9 13.4 0.5
650.8 319.4
Zydus Wellness 1610.9 254.4 22.8 2.1 202203 9.5 45.5 17.6 30.2 -0.6 6.4 0.1 2472.9
1431.0
Hathway Cable [2] 16.3 0.9 18.8 0.7 202203 2.3 -52.2 3.5 -40.4 -2.7 3.1 0.0 27.8
15.6
Hatsun Agro [1] 904.1 51.4 4.4 17.6 202203 41.1 -14.3 51.0 57.0 1.8 19.0 1.6 1533.7
806.1
Havells India [1] 1255.2 19.1 65.7 13.1 202203 32.6 16.0 33.3 14.6 3.0 26.6 0.1
1503.7 1023.0
HCL Technologies [2] 883.1 50.0 17.7 3.9 202206 16.9 2.4 14.7 18.9 -10.2 25.0 0.1
1377.0 877.3
HDFC AMC [5] 1896.8 33.7 62.4 7.3 202203 73.7 42.7 69.3 28.7 4.7 36.2 0.0 3363.0
1690.7
HDFC Bank [1] 1363.9 68.5 19.9 3.1 202203 9.1 23.8 5.7 19.5 -2.4 0.0 0.0 1724.3
1271.8
HDFC Life Insur. 539.7 6.3 85.9 7.4 202203 21.2 58.7 22.5 -2.5 -1.0 0.8 0.1 775.7
497.3
HEG 1041.7 111.7 9.3 1.1 202203 76.9 703.9 75.3 2506.7 -1.2 -1.9 0.1 2626.2 891.2
Heidelberg Cem. 177.1 -8.8 2.6 202203 6.6 -208.3 -8.2 -17.1 3.3 24.2 0.3 278.0
164.0
Hero Motocorp [2] 2799.6 115.9 24.1 3.5 202203 -13.7 -30.6 -4.5 -20.6 -1.7 24.9 0.0
2952.6 2148.0
HFCL [1] 67.1 2.3 29.1 3.3 202203 -15.0 -22.9 6.9 31.4 16.0 19.3 0.5 101.4 51.6
Hikal [2] 247.4 13.0 19.0 2.9 202203 -5.8 -59.3 12.8 20.5 4.9 15.9 0.7 742.0 215.7
Hind. Unilever [1] 2568.8 37.9 67.7 12.3 202203 10.2 4.0 11.3 9.1 2.9 22.8 0.0
2859.1 1901.8
Hind.Aeronautics 1726.6 151.9 11.4 3.0 202203 6.4 90.8 7.6 56.6 -0.8 16.7 0.2
1970.0 1054.5
Hindalco Inds. [1] 350.6 59.3 5.9 1.0 202203 37.7 112.3 47.8 255.5 -1.9 7.1 1.1
636.0 309.0
Hindustan Copper [5] 87.6 3.9 22.7 4.4 202203 4.4 141.8 2.0 239.2 -2.9 6.2 1.3
159.3 81.2
Hindustan Zinc [2] 285.4 15.2 64.5 3.5 202203 0.2 -23.1 5.2 -4.0 1.5 36.4 0.2 407.9
242.4
Hitachi Energy [2] 3533.7 17.8 11.8 13.2 202203 3.5 11.0 -7.1 -24.2 -4.7 20.5 0.1
4040.0 1555.6
HLE Glascoat 3273.2 46.2 70.9 17.6 202203 69.0 33.3 34.6 20.5 -0.8 43.4 0.6 7549.0
2951.3
Honeywell Auto 35583.4 6.3 11.1 11.1 202203 4.3 -59.9 27.3 16.6 -0.6 25.1 0.0
47400.0 30162.0
I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . .
I D F C 52.4 0.4 130.7 0.9 202203 -89.1 372.2 0.4 119.1 -3.7 0.0 0.0 70.2 41.7
I O B 17.3 -0.1 1.6 202203 26.5 137.2 59.5 98.4 2.0 0.0 0.0 26.2 15.3
I O C L 70.4 17.8 4.0 0.7 202203 46.2 -26.4 61.9 16.0 -3.2 14.6 1.2 94.5 67.7
I R C T C [2] 590.9 20.9 81.0 25.1 202203 -4.1 -35.6 5.0 -24.7 2.0 14.8 0.0 1278.6
450.4
I R F C 20.1 22.3 17.7 0.6 202203 28.4 3.9 27.7 13.3 -6.0 5.0 8.4 26.4 19.3
ICICI Bank [2] 751.1 36.1 20.8 2.9 202203 12.1 58.0 7.0 36.6 -0.6 0.0 0.0 859.7
639.4
ICICI Lombard 1255.0 -4.3 6.8 202203 3.6 -181.2 19.3 90.4 1.3 18.6 0.0 1674.0
1071.0
ICICI Pru Life 517.4 5.3 98.0 6.2 202203 -4.4 199.0 3.9 -20.6 -0.2 0.4 0.1 724.5
430.0
ICICI Securities [5] 445.4 42.8 10.4 5.9 202203 20.6 3.3 32.8 29.5 3.1 37.0 1.7
895.6 408.2
IDBI Bank 35.3 2.4 15.0 1.1 202203 -20.3 16.8 -8.2 67.4 11.6 0.0 0.0 65.3 30.5
IDFC First Bank 33.3 0.2 156.5 1.0 202203 14.0 157.3 7.5 -72.6 -1.5 0.0 0.0 54.6
29.0
IFB Industries 931.9 -11.9 5.8 202203 9.1 -466.9 21.9 -176.2 -3.2 -3.6 0.5 1357.8
793.5
IIFL Finance [2] 345.2 31.3 11.0 2.0 202203 16.1 29.6 17.1 56.3 1.7 11.3 5.8 395.2
253.1
IIFL Wealth Mgt [2] 1561.9 65.1 24.0 4.6 202203 6.5 60.2 14.8 56.5 -0.5 9.3 2.3
1906.5 1225.7
Indbull.RealEst. [2] 64.1 -2.5 0.8 202203 -65.4 -163.3 -5.0 -3272.4 2.8 3.4 0.6
195.9 58.1
India Cements 172.6 2.5 68.2 0.9 202203 -3.7 -121.1 7.7 -62.1 -0.5 6.4 0.6 259.9
145.6
Indiabulls Hous. [2] 92.1 25.0 3.7 0.3 202203 -7.7 11.2 -9.7 -1.9 -2.2 9.4 4.7
297.7 89.0
Indiamart Inter. 3975.8 96.7 41.1 6.5 202203 12.1 3.1 12.5 6.4 1.8 27.8 0.1 9700.0
3676.1
Indian Bank 171.6 33.3 5.2 0.6 202203 10.5 -40.6 -0.6 31.5 7.1 0.0 0.0 194.8 115.2
Indian Energy Ex [1] 163.1 3.4 48.1 20.8 202203 19.5 36.2 35.6 47.9 -0.4 56.9 0.0
318.7 126.3
Indian Hotels Co [1] 250.7 -1.9 5.0 202203 41.8 -50.3 94.0 70.1 3.2 0.0 0.9 268.9
129.0
Indigo Paints 1405.6 0.4 31.2 10.3 202203 24.1 -90.2 -5.1 130.5 3.8 24.3 0.1 2707.4
1375.0
Indoco Remedies [2] 380.5 16.8 22.6 3.9 202203 35.7 61.8 23.4 66.4 0.2 15.1 0.4
529.7 321.1
Indraprastha Gas [2] 368.0 21.5 17.1 3.4 202203 55.2 14.9 56.0 28.1 -0.8 24.1 0.0
604.0 322.1
Indus Towers 229.2 23.6 9.7 2.8 202203 9.6 34.1 98.6 68.6 9.4 19.2 0.9 332.6 181.2
IndusInd Bank 815.2 62.0 13.1 1.3 202203 5.9 51.2 6.3 64.0 -3.9 0.0 0.0 1241.9
763.8
Infibeam Avenues [1] 13.3 0.3 41.2 1.2 202203 83.6 -10.5 91.4 22.1 1.4 3.0 0.0 26.5
12.5
Info Edg.(India) 3804.5 211.1 18.0 2.9 202203 57.4 219.7 41.1 2366.5 -4.3 3.7 0.0
7463.0 3314.0
Infosys [5] 1430.5 52.5 27.2 9.0 202203 22.7 12.0 21.1 14.2 -5.5 39.7 0.1 1953.7
1367.2
Inox Leisure 535.2 -19.6 9.5 202203 251.3 -131.4 545.7 28.2 1.8 0.0 4.5 563.6 294.6
Intellect Design [5] 667.6 25.9 25.8 5.0 202203 28.1 18.2 25.4 32.8 -0.1 25.4 0.0
986.0 564.0
Interglobe Aviat 1783.7 -159.9 -11.5 202203 28.9 -246.6 77.1 -6.1 6.4 0.0 8.8
2379.0 1513.3
Ipca Labs. [1] 988.8 34.8 28.4 4.6 202203 15.6 -19.3 7.6 -22.5 1.1 30.4 0.1 1383.6
831.4
IRB Infra.Devl. 209.2 6.0 35.0 1.0 202203 -10.7 79.0 9.5 208.5 -0.2 5.8 2.1 347.0
148.1
Ircon Intl. [2] 37.0 6.3 5.9 0.7 202203 21.9 41.9 38.1 51.5 -1.2 11.5 0.0 53.4 34.8
ITC [1] 293.5 12.3 23.8 5.8 202203 15.1 11.7 21.0 15.8 0.2 33.5 0.0 297.0 202.9
ITI 120.4 1.3 94.7 33.5 202203 -9.9 78.3 -21.2 1164.2 22.7 2.9 38.4 143.7 80.4
J. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . .
J B Chem & Pharm [2] 1638.8 49.9 32.9 5.9 202203 18.2 -15.7 18.7 -14.0 4.2 32.4 0.0
1984.8 1339.1
J K Cements 2177.9 88.9 24.5 3.9 202203 10.2 -6.8 21.0 -3.1 -3.5 18.3 1.1 3836.7
2005.0
Jamna Auto Inds. [1] 127.7 3.5 36.2 7.4 202203 29.2 19.7 59.1 93.0 -0.9 16.4 0.2
135.6 78.2
Jindal Stain. [2] 109.2 35.8 3.1 1.1 202203 67.7 190.5 74.7 438.8 5.7 15.4 1.2
224.6 95.1
Jindal Stain. Hi [2] 211.3 82.3 2.6 1.0 202203 39.2 70.6 59.7 194.3 1.1 25.2 0.7
433.5 189.2
Jindal Steel [1] 345.4 78.1 4.4 1.0 202206 24.3 4616.9 39.0 51.1 0.6 15.5 1.0 577.7
304.2
JK Lakshmi Cem. [5] 426.6 41.0 10.4 2.0 202203 12.3 11.3 14.6 11.0 -2.1 18.1 1.0
815.3 368.7
JK Paper 304.0 32.0 9.5 1.7 202203 49.2 25.2 44.3 126.1 1.4 10.3 0.9 387.4 192.0
JM Financial [1] 62.2 8.1 7.7 0.8 202203 -2.5 1.2 15.3 31.0 1.1 12.0 1.8 117.6 57.0
Johnson Con. Hit 1625.9 10.8 20.7 6.0 202203 18.2 -19.9 5.9 19.9 0.3 5.5 0.2 2370.1
1442.6
JSW Energy 228.7 10.5 21.8 2.2 202203 55.5 710.8 17.9 117.3 7.8 11.9 0.5 408.7
172.6
JSW Steel [1] 576.4 87.5 6.6 2.1 202203 74.0 -12.5 84.3 165.5 1.8 26.8 1.2 790.0
520.1
Jubilant Food. [2] 565.5 6.5 87.6 19.2 202203 13.3 -8.0 32.7 83.9 -1.7 16.1 1.3
915.5 451.6
Jubilant Pharmo [1] 368.2 26.0 14.2 1.1 202203 -2.4 -73.0 1.6 -51.3 1.7 14.4 0.7
751.9 317.7
Just Dial 577.8 3.1 187.3 1.4 202206 12.2 -1473.9 -1.6 -79.6 -0.4 12.1 0.1 1134.8
520.3
Jyothy Labs [1] 168.8 4.4 38.3 4.3 202203 10.4 -22.0 15.1 -26.0 1.7 12.5 0.1 182.8
130.0
K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .
K E C Intl. [2] 473.3 13.8 34.4 3.4 202203 -2.0 -42.3 4.8 -35.9 15.3 14.1 0.7 550.0
345.2
K P R Mill Ltd [1] 510.2 24.6 20.7 5.5 202203 28.2 18.1 36.5 63.4 0.3 25.5 0.3
771.8 332.0
Kajaria Ceramics [1] 992.1 23.7 41.9 7.4 202203 15.7 -24.7 33.2 22.4 -3.6 21.6 0.1
1379.0 886.1
Kalpataru Power [2] 364.3 26.8 13.6 1.3 202203 1.2 -38.5 14.1 -22.3 2.3 11.2 0.9
496.0 332.3
Kalyan Jewellers 66.2 2.2 30.4 2.2 202203 -6.5 -2.5 26.2 782.1 5.1 6.7 1.4 83.6
55.2
Kansai Nerolac [1] 391.5 6.7 58.8 5.1 202203 5.3 -80.1 25.7 -32.3 0.2 11.5 0.1
674.2 358.1
KEI Industries [2] 1199.3 41.7 28.7 5.1 202203 43.8 34.6 36.9 39.5 -1.0 21.1 0.2
1376.8 690.0
KIOCL 194.9 18.4 13.6 5.5 202203 31.7 46.4 12.2 60.9 -7.3 19.7 0.1 318.5 166.7
KNR Construct. [2] 251.3 13.2 19.0 3.0 202203 11.3 32.8 24.2 11.1 5.4 21.7 0.5
343.6 207.8
Kotak Mah. Bank [5] 1787.6 60.9 29.4 3.7 202203 11.1 50.3 2.8 21.0 2.4 0.0 0.0
2252.5 1627.3
KPIT Technologi. 491.0 10.0 49.1 10.3 202203 20.6 50.4 19.5 92.0 -3.1 14.2 0.2
800.0 251.0
KRBL [1] 246.7 19.5 12.6 1.4 202203 1.4 -21.0 5.5 -17.8 11.0 19.9 0.1 337.5 184.9
Krishna Institu. 1192.4 41.6 28.7 6.9 202203 3.8 39.6 24.1 65.4 -1.0 25.5 0.5
1532.2 1060.1
KSB 1430.8 41.9 34.1 4.9 202203 9.5 -8.0 15.1 15.1 -3.6 20.0 0.0 1624.5 959.7
L. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .
L & T Infotech [1] 3975.2 138.8 28.6 7.9 202206 30.6 27.6 29.9 20.7 -2.2 35.4 0.1
7595.3 3733.3
L&T Fin.Holdings 70.1 4.3 16.2 0.9 202203 -13.7 28.3 -11.6 7.5 -1.8 6.6 4.5 96.0
58.5
L&T Technology [2] 3093.7 96.2 32.2 7.9 202206 23.4 26.8 22.1 33.1 -0.9 31.3 0.1
5958.1 2923.4
La Opala RG [2] 269.5 -1.9 4.0 202203 75.0 -369.0 110.3 -208.0 -1.6 10.5 0.0 487.0
242.0
Lak. Mach. Works 9829.4 182.4 53.9 5.3 202203 46.0 145.1 83.6 221.5 5.9 11.0 0.0
11750.0 7479.1
Larsen & Toubro [2] 1684.6 61.2 27.5 2.9 202203 9.9 10.0 15.1 -40.2 -0.2 11.3 1.6
2078.2 1456.8
Latent View [1] 351.0 5.5 64.0 6.9 202203 47.9 49.6 33.3 20.1 -4.0 17.4 0.1 755.0
305.3
Laurus Labs [2] 522.6 15.4 33.9 8.4 202203 0.9 -22.3 2.5 -15.9 7.2 24.6 0.6 723.6
433.2
Laxmi Organic [2] 277.4 9.7 28.7 5.7 202203 69.4 58.0 74.4 101.8 -2.1 25.6 0.1
628.1 249.7
Lemon Tree Hotel 64.4 -1.1 6.1 202203 25.7 -246.4 59.8 31.2 -2.4 0.0 2.2 71.4 36.1
LIC Housing Fin. [2] 360.5 41.6 8.7 0.8 202203 6.9 174.2 0.5 -16.7 2.3 8.1 10.3
475.6 291.8
Linde India 3498.8 33.1 105.7 11.0 202203 21.0 -7.9 43.6 54.6 2.0 16.4 0.0 4192.4
1622.8
Lupin [2] 640.5 -33.6 2.4 202203 2.8 -212.5 8.5 -225.6 0.9 -6.7 0.4 1193.0 583.1
Lux Industries [2] 1822.4 113.0 16.1 4.2 202203 -1.7 -19.2 17.5 25.2 -3.2 35.0 0.2
4641.5 1685.1
M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .
M & M [5] 1173.1 50.1 23.4 3.1 202203 20.9 728.5 21.4 326.0 3.6 10.9 1.8 1191.9
671.0
M & M Fin. Serv. [2] 199.0 9.1 21.9 1.5 202203 -4.7 188.3 -6.1 94.3 0.7 7.5 3.9
206.9 128.0
M R P L 71.1 17.0 4.2 1.7 202203 82.6 1029.5 117.7 628.3 -1.2 -1.3 4.0 127.6 37.1
Macrotech Devel. 1098.5 25.0 44.0 4.5 202203 36.0 72.4 69.5 144.1 1.0 10.4 1.9
1538.7 761.1
Mah. Scooters 3637.9 44.5 8.3 0.2 202203 4.5 -46.1 4.8 99.1 1.5 0.9 0.0 5023.4
3319.2
Mahanagar Gas 795.8 48.5 33.2 2.2 202203 5.7 0.1 7.3 23.1 0.2 26.4 0.0 1205.0 666.4
Mahindra CIE 241.6 14.6 16.6 1.8 202203 18.2 1499.9 33.6 928.8 -1.1 10.1 0.3 311.7
164.0
Mahindra Holiday 225.6 3.4 67.1 -6.9 202203 16.6 59.8 16.4 616.5 -0.2 3.4 0.0 275.0
185.6
Mahindra Life. 415.8 4.1 101.7 3.6 202203 188.9 67.1 136.7 188.1 -1.9 0.5 0.2 457.7
217.5
Mahindra Logis. 475.1 5.2 92.2 5.8 202203 10.1 -16.6 25.1 15.6 -5.9 8.1 0.6 819.2
395.7
Manappuram Fin. [2] 88.8 15.7 5.7 0.9 202203 -8.7 -44.2 -4.5 -23.0 -1.9 15.3 3.6
224.4 81.5
Marico [1] 506.5 9.5 53.4 19.2 202203 7.4 7.7 18.2 5.6 0.6 43.0 0.2 606.0 455.8
Maruti Suzuki [5] 8780.8 128.4 68.4 4.8 202203 11.1 51.1 25.9 -11.6 3.6 5.0 0.0
9022.0 6540.0
MAS FINANC SER 490.9 29.1 16.8 2.0 202203 27.8 18.2 9.9 10.4 -1.8 11.4 2.9 902.7
469.1
Mastek [5] 1965.6 98.2 20.0 5.5 202203 20.3 32.0 26.8 41.0 -8.3 24.8 0.4 3666.0
1851.0
Max Financial [2] 838.1 7.3 114.2 7.4 202203 -8.2 88.8 -0.3 -40.4 -0.1 16.7 0.0
1147.9 697.1
Max Healthcare 367.1 6.3 58.1 5.7 202203 17.1 77.5 57.0 537.0 0.9 0.0 0.2 472.6
257.1
Mazagon Dock 259.7 30.8 8.4 1.4 202203 26.6 -38.7 41.6 -1.0 -1.5 16.8 0.0 342.3
221.0
Metropolis Healt [2] 1426.9 39.6 36.0 8.2 202203 4.9 -34.8 23.1 10.7 -1.2 35.8 0.2
3579.0 1377.6
Minda Corp [2] 232.2 6.9 33.7 4.2 202203 19.4 487.2 25.7 211.8 9.6 11.6 0.4 284.5
114.8
Minda Industries [2] 541.0 6.2 86.9 9.0 202203 7.9 3.8 30.5 72.5 5.7 11.3 0.6 630.0
334.7
Mindtree 2829.8 108.0 26.2 8.1 202206 36.2 37.3 36.0 43.5 -2.2 41.5 0.1 5059.2
2650.0
Mishra Dhatu Nig 165.4 9.4 17.5 2.6 202203 -7.4 8.5 4.1 6.1 -1.2 12.8 0.2 214.4
155.7
MMTC [1] 38.3 -0.6 -38.7 202203 -75.8 -53.5 -60.7 -172.5 -5.6 0.0 6.4 64.8 31.2
MOIL 144.8 5.1 28.3 1.3 202012 4.5 -7.4 -20.4 -72.2 -1.6 11.6 0.0 199.0 137.3
Motil.Oswal.Fin. [1] 767.0 87.0 8.8 2.0 202203 -8.3 -34.8 19.0 -2.4 -1.8 19.1 1.2
1188.0 714.3
Mphasis 2141.8 76.1 28.2 5.8 202203 29.8 23.7 23.0 17.6 -4.1 24.8 0.1 3659.8 2071.6
MRF 79541.5 1578.0 50.4 2.4 202203 10.1 -50.3 19.5 -47.6 4.7 6.9 0.2 87579.9
62944.5
Multi Comm. Exc. 1343.2 31.4 42.8 4.8 202203 9.8 38.3 -6.1 -28.9 3.0 11.6 0.0
2134.9 1142.4
Muthoot Finance 1017.9 100.1 10.2 2.2 202203 -2.7 -2.2 5.7 5.6 -1.7 15.6 3.3 1722.6
961.1
CM
YK
MUMBAI
8 BusinessLine SUNDAY • JULY 17 • 2022 TAKE 500
This PDF was originally uploade To Teligram channel_ LBS Newspaper platform
(https://t.me/LBSNEWSPAPER) Subscribe now to get this edition before anyone else!!
Backup channel:@LBSNEWSPAPER
HAMSINI KARTHIK
..........................................
BL Research Bureau
It’s not wrong to question when a
lender offers higher rate for deposits
compared to the industry average. But
don’t jump into a conclusion that
something must be wrong there to offer
higher rates. It’s important to look
into the reasons for the higher rate
rather than dismissing the option.
The case in point is small finance
banks or SFBs. Here we attempt to dispel
some concerns on signing up for a
fixed deposit (FD) with SFBs and what
you should do to make the investment
a worthy experience.
Assessing risk-reward
Most SFBs offer 7 – 7.25 per cent rate of
interest (RoI) on deposits for a 12months
term. This is at least 70 – 100
basis points (bps) higher than offered
by large banks such as ICICI Bank, Axis
Bank and Kotak Mahindra Bank. The
difference in RoI between SFBs and
public sector banks could be as high
as 150 basis point. This should tempt
you to consider locking in some
money with SFBs as fixed deposits.
Don’t resist the temptation, especially
if y ou’re holding back for concerns
around the safety of the bank.
Just like any other scheduled commercial
bank, SFBs are also RBIregulated
entities and deposits up to ₹5 lakh are
covered by Deposit Insurance and
Credit Guarantee Corporation
(DICGC).
But SFBs offer higher RoI because
their business model on the face of it
may be riskier than larger banks. By
mandate, 75 per cent of their loans
should be towards priority sector (agriculture,
small businesses and so on)
and 50 per cent of their loan book
should be comprised of loans with
ticket sizes of ₹25 lakh or less.
Therefore, the proportion of unsecured
loans in a SFB may be as high as
50 – 75 per cent as against less than 30
per cent for large commercial banks.
The quality of their loan assets positions
them in the risky spot. That said,
SFBs price in for this risk by rolling out
their loans at least 150 – 250 bps
premium to what normally banks offer.
For instance, if a home loan from
Bank of Baroda is at 6.9 per cent, SFB’s
rate could be upwards of 8.5 per cent.
The leeway to price in risk gives them
the room to price their deposits also at
a premium to industr y a verage.
Moreover, these banks ha ve been in
existence for just around 5 – 6 years
and are in the early stages of mobilising
their deposit base.
So, until they reach a point where
they enjo y high customer stickiness
and a large deposit base, they will dole
out FDs at high interest rates.
How to select the bank?
Whoever offers the highest interest
rate go with them. Whether listed or
unlisted, financials of all SFBs would
be available on their website.
To dispel y our fears around the
bank’s stability , look out for their
gross nonperforming
assets and how
the loan and deposit base has grown
in the last fiscal year and over a threeyear
time period. Also check for the
core business growth measured as net
interest income. Given that SFBs operate
on a small base, their growth rates
tend to be higher than the larger
banks; in the 25 – 35 per cent zone for
loans and deposits. Net interest income
growth of 20 – 25 per cent is a
good measure.
What may trouble y ou in the interim
is the pool of bad loans. Given
that SFBs, barring AU SFB , operate in
the microfinance space which was extremely
vulnerable to asset quality
shocks during the pandemic, their
NPAs are way above the 5year
average.
As the business normalises, this metric
should improve. That said, since all
SFBs are wellcapitalised,
high NPA
levels need not be of much concern
from a depositor’s perspective.
How to invest?
While all banks have upped their technology
capabilities, if you are looking
at only availing a FD and not its other
banking products, put your money in
the SFB which has a branch within the
vicinity of y our residence or workplace.
The technolog y adoption and
quality of call centres of SFB are still in
the process of refinement.
Therefore, holding a physical FD receipt
versus an online proof may work
better, especially at times of emergency.
Also, try to familiarise yourself
with people at the branch, so that they
could help you in times of need.
How much to invest?
If the SFB isn’t the first port of call for
your financial emergencies or the
bank that you’d rush to if there is an
SOS, don’t put all your savings in the
bank. Till you familiarise yourself with
its processes and grow comfortable
with the SFB in terms of convenience
and stability, its better to start the FD
with only the investible surplus which
can earn you a higher RoI.
Here again, if you want to feel more
protected, break the deposit into
smaller sums and ensure that none of
them cross ₹5 lakh, so that all the
money is secured by DICGC cover .
Lately, the difference between 12
months and 36 months tenured fixed
deposits is narrowing down to 0.5 –
0.75 per cent. Therefore, till y ou feel
confident about the bank, opt for
shortertenure
FDs and promptly get
them rolled over or encashed based
on y our requirements as and when
they fall due.
4 things to know
about SFB deposits
These deposits are protected by DICGC and safety of
money needn’t be the primary concern
GETTY IMAGES/ISTOCKPHOTO
Smart strategies
B Don’t put all savings
at stake
...................................................................................
..............................
B Grow comfortable
with SFB
...................................................................................
..............................
B Opt for shorter
tenures FDs at first
...................................................................................
..............................
DEPOSIT WATCH
................BMBME
Bank FD interest rates (%)
Bank
<1
year
1 to 2
years
2 to 3
years
3 to 5
years
w.e.f
FOREIGN BANKS
Citi Bank 2.75 3 3.5 3.5 Jul 15
DBS Bank 4.75 6 6.25 6.25 Jul 15
Deutsche Bank 5.25 6 6.25 7 Jun 14
HSBC 3.1 3.5 5.5 4 May 19
Scotia Bank 3.7 3.9 4 4 Jul 01
Standard Chartered 4.65 5.7 5.7 5.7 Jul 04
INDIAN: PUBLIC SECTOR BANKS
Bank of Maharashtra 5 5.25 5.25 5.25 Jun 13
Bank of Baroda 4.4 5.45 5.5 5.35 Jun 15
Bank of India 4.35 5.4 5.35 5.35 Jun 23
Canara Bank 5.1 5.45 5.7 5.75 Jun 23
Central Bank of India 4.4 5.3 5.35 5.6 Jul 10
Indian Bank 4.4 5.5 5.6 5.6 Jul 04
Indian Overseas Bank 4.5 5.5 5.6 5.6 Jul 12
Punjab National Bank 4.5 5.3 5.5 5.5 Jul 04
Punjab & Sind Bank 4.5 5.35 5.6 5.6 Jul 11
State Bank of India 4.6 5.35 5.45 5.5 Jun 14
UCO Bank 4.4 5.3 5.3 5.6 May 10
Union Bank 4.6 5.45 5.5 5.75 Jun 16
INDIAN: PRIVATE SECTOR BANKS
Axis Bank 4.75 5.75 5.7 5.75 Jul 04
Bandhan Bank 4.5 6.5 6.5 6.5 Jul 04
Catholic Syrian 4.25 5.5 5.75 5.75 Jun 01
City Union Bank 4.75 5.55 5.3 5.25 Jun 20
DCB Bank 5.7 6.6 6.6 6.6 Jun 22
Dhanlaxmi Bank 4.5 5.55 5.3 5.75 May 26
Federal Bank 4.75 5.75 5.85 5.75 Jun 22
HDFC Bank 4.65 5.35 5.5 5.7 Jun 17
ICICI Bank 4.65 5.35 5.5 5.7 Jun 22
IDBI Bank 4.5 5.4 5.6 5.75 Jul 14
IDFC First Bank 5.75 6.25 6.25 6.5 Jul 01
IndusInd Bank 5.5 6.5 6.5 6.5 Jun 21
J & K Bank 4.5 5.4 5.5 5.55 Jul 11
Karnataka Bank 5 5.35 5.5 5.5 Jul 01
Kotak Bank 5.25 5.75 5.9 5.9 Jul 01
Karur Vysya Bank 5 5.6 5.8 5.9 Jul 08
RBL Bank 5.25 6.5 6.5 6.3 Jun 08
South Indian Bank 4.75 5.3 5.5 5.8 Jun 14
Tamilnad Mercantile Bank 5 5.6 5.6 5.6 Jun 01
TNSC Bank 5.75 6 5.85 6 Dec 09
Yes Bank 5 6.5 6.5 6.5 Jun 18
SMALL FINANCE BANKS
AU Small Finance Bank 5.35 6.6 6.9 6.9 Jun 24
Equitas Small Finance Bank 5.25 6.6 7 6 Jun 27
Fincare Small Finance Bank 5.4 6.5 6.5 7 May 24
Jana Small Finance Bank 5.5 7.25 7.25 7.35 Jun 15
Suryoday Small Finance Bank 5.75 6.5 7.49 6.75 Jun 06
Ujjivan Small Finance Bank 6.5 7.1 7.2 7.2 Jun 13
Data as on respective banks’ website on 15 July, 2022; For each year range, the
maximum
offered interest rate is considered; interest rate is for a normal fixed deposit
amount below
₹1 crore. Compiled by BankBazaar.com
VISHAL BALABHADRUNI
..........................................
BL Research Bureau
Ravi and Teja meet at their snooker club
and during the game an interesting
conversation related to income tax filing
follows.
Ravi: I think I will push off after this
frame.
Teja: What’s the rush? Stay for a
couple of more frames.
Ravi: I hope you know July 31 is the
last day to file IT returns and I plan to
file it off as early as possible and not
wait till the eleventh hour.
Teja: Oh gosh, this filing will be a
nightmare for me. I need to check all
my in vestments, find out the income
accrued, segregate between long term
and shortterm
capital gains and arrange
the required documents. I find it
very cumbersome.
Ravi: Why don’t you just check Annual
Information Statement?
Teja: What is that? Another form/
statement which will add to my woes?
Ravi: On the contrary, this statement
is one which will ease the process of
efiling.
Teja: Okay, tell me clearly.
Ravi: You see, the problem which
you faced is quite common and therefore
in November 2021 Annual Information
Statement (AIS) was brought in.
This can be accessed online through IT
efiling website using your credentials.
This statement is much more comprehensive
than Form 26 AS (which only
had highvalue
transactions and tax deducted
at source). AIS has extensive information
on the financial transactions
of the assesses.
Teja: What all information
does it ha ve and how is this
statement able to give such
comprehensive detail?
Ravi: The AIS has information
regarding the interest
received (savings and term
deposits), dividend, securities
transactions, mutual fund
transactions, foreign remittances,
capital gains (both securities and property),
special financial transactions etc.
It also shows the tax deducted in the
year, it also tracks and reports near
about 50 types of transactions. To answer
your other question, PAN number
of the individual is required in most of
the financial transactions nowadays
and using this Income Tax department
pulls out the data.
Teja: Interesting. So , this would
mean all the transaction made by me
interest, salar y etc. It shows the final
amount after taking care of duplicate
entries and feedback provided on
which tax is liable.
Teja: As I see it, now IT filing will not
be a hectic task anymore. We just need
to ensure that AIS and the IT we file
match.
Ravi: Do note AIS will ha ve the information
which IT department has
and therefore if there is something
missing in the AIS we need to report the
transactions accurately to a void penalty
or notices.
Teja: Great to know. I think this will
reduce the difficulties and confusion
and make IT filing a pleasant exercise.
and the tax deducted already will be
available in a single statement in prescribed
format. That should ease things
to certain extent.
Ravi: Indeed, it is advisable that
every assessee checks the AIS before filing
the return in order to ensure that
no item has been left out. It is also necessary
to ensure that the AIS and the
returns filed match else there is a
chance to get notice.
Teja: Is it error free? How can
we report if we see any
inconsistency?
Ravi: There may be inconsistencies,
for instance duplicate
entries, incorrect
entries or entries belonging
to someone else altogether. In
such cases, there is a feedback facility
where the assessee can inform his/
her observations and the department
will look into it.
Teja: It sounds fine but what if the
transactions are too many and I want to
see a simplified version showing income
categor y and Tax deducted and
liable.
Ravi: Yes, to solve this problem there
is something called as Taxpayer Information
Summary (TIS) which aggregates
similar types of information; dividend,
It is advisable that every assessee checks the AIS before filing income tax return
for the year
Annual Information Statement
SIMPLY PUT
Term Insurance Premium Tracker
For a 30yearold
male/female, non smoker, living in a metro city, Sum assured ₹1 crore with
coverage up to 70 yrs
Plan name
Max
coverage
up to
(yrs)
Max
policy
term (yrs)
Annual Premium (₹)
incl of GST
Claim
Settlement
Ratio (%)
Insurance company
Male Female
Aditya Birla Capital Digishield Plan 85 55 15,066 12,687 98.0
Bajaj Allianz Smart Protect Goal 99* 81 12,626 10,793 99.0
Bharti AXA Flexi Term Pro 99 81 12,037 10,385 99.1
Canara HSBC OBC Life iSelect Star Term Plan 99 81 14,905 12,791 98.6
Edelweiss Tokio Total Protect Plus 100 82 11,705 9,437 97.0
Exide Smart Term Edge Comprehensive 60 30 15,294 13,634 99.1
HDFC Life C2PL Life Protect 100 67 16,207 14,521 98.7
ICICI Prudential iProtect Smart 99 81 17,190 15,164 97.9
India First Life eTerm
Plus Plan 70 40 10,762 8,856 96.9
Kotak Life Insurance Kotak eTerm
Plan 75 57 11,918 10,266 98.8
LIC Tech Term 80 40 14,122 11,838 NA
Max Life Insurance Smart Secure Plus 85 67 14,246 11,899 99.4
PNB Met Life Mera Term Plan Plus 80 62 13,452 11,328 98.2
SBI Life eShield Next 100 82 17,495 14,654 97.1
TATA AIA Life Sampoorn Raksha Supreme 100 82 14,868 12,626 98.0
Claim settlement ratio as per data provided by insurer Source:
www.policybazaar.com, LIC
Max Life offers additional 5% discount for 1st year for salaried customers; *Whole
life available only on limited pay option; HDFC whole is available
only in limited payterm(Life Protect) & Limited+Single payterm(Income Plus); SBI
eShield Next plan whole life is available only in limited
pay with above age 45yrs NA: Not Available
CM
YK
MUMBAI
BusinessLine 9 SUNDAY • JULY 17 • 2022 SAFE INVESTING
One pay advantage plan
Canara HSBC Life has introduced ‘Guaranteed One Pay
Advantage’ plan, a non-linked non-participating individual
savings life insurance offering which provides simplicity of
premium payment and flexibility of tenure. The product
offers Single Life and Joint Life coverage options. Policy
benefits are upfront guaranteed at the start of the policy.
ALERTS
MISSING PIECES
if there is something
missing in the AIS,
you need to report
the transactions
accurately to avoid
penalty/notice
This PDF was originally uploade To Teligram channel_ LBS Newspaper platform
(https://t.me/LBSNEWSPAPER) Subscribe now to get this edition before anyone else!!
Backup channel:@LBSNEWSPAPER
................BM-BME
EQUITY FUNDS
EQUITY - LARGE CAP FUNDS
★★★★★ Canara Robeco Bluechip Equity. . . . . . . . .. . . . . . . . 37.9 6824 1.9
0.3 -1.7 14.9 12.2 13.5 0.25
★★★★★ ICICI Pru
Bluechip . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . .
. . . . 61.6 29981 1.7 1.1 4.4 13.3 10.6 14.4 0.21
★★★★★ Mirae Asset Large Cap. . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . . . . 72.8 30299 1.6 0.6 0.4 12.4 10.7 16.3 0.21
★★★★ Axis Bluechip. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . .. . . . . . . . 40.3 32322 1.7 0.5 -5.1 11.1 11.9 14.4 0.24
★★★★ Baroda BNP Paribas Large Cap. . . . . . . . . .. . . . . .129.9 1205 2.3 1.0
0.9 12.9 9.7 14.1 0.19
★★★★ IDBI India Top 100 Equity . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . 36.1 544 2.6 1.3 0.4 14.8 8.9 13.2 0.17
★★★★ UTI Mastershare
Unit . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 39.1
9238 2.0 1.1 0.6 13.4 10.1 12.9 0.19
★★★ Aditya Birla SL Frontline Equity . . . . . . . . .. . . . . .315.3 19782 1.8
1.1 1.2 12.1 8.6 14.2 0.16
★★★ Edelweiss Large Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . 49.8 310 2.6 1.0 -1.4 11.9 10.1 13.5 0.19
★★★ HSBC Large Cap
Equity . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .290.9 689 2.4 1.5
-1.3 11.0 8.7 11.8 0.16
★★★ IDFC Large Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . . . . . . 45.5 963 2.4 1.1 1.0 12.2 8.8 11.5 0.17
★★★ Invesco India
Largecap. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 40.2 616
2.5 0.9 -0.1 12.2 9.4 13.3 0.17
★★★ Kotak Bluechip. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .. . . . . . . . 44.6 4217 2.0 0.8 -0.2 13.7 9.9 13.4 0.18
★★★ Nippon Ind Large
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 48.3
10585 1.9 1.1 7.2 11.3 9.7 14.4 0.18
★★★ SBI Blue
Chip. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . .. . . . . . . . 57.3 29983 1.6 1.0 1.7 13.0 9.6 15.2 0.18
★★ Franklin Ind
Bluechip. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .644.1
5927 1.9 1.2 -3.3 12.0 8.1 11.9 0.15
★★ HDFC Top
100. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . .. . . . . .661.1 19910 1.8 1.2 4.5 9.7 8.8 12.7 0.17
★★ LIC MF Large
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
. . . 36.8 613 2.7 1.4 -0.8 11.3 9.0 12.0 0.17
★★ Tata Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . . . .304.5 1132 2.5 1.3 -0.1 10.7 8.8 12.2 0.16
★ DSP Top 100
Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .26
5.6 2415 2.1 1.3 -5.4 8.7 6.6 10.5 0.11
★ L&T India Large Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . 37.1 654 2.5 1.5 -1.7 10.5 8.5 12.3 0.15
★ PGIM India Large
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .221.0 348 2.5
1.1 -6.0 9.1 7.4 12.2 0.14
- Indiabulls Blue
Chip . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
26.7 88 2.4 1.0 -0.3 7.9 7.3 11.0 0.13
- JM Large Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . .. . . . . . . . 91.3 46 2.5 1.8 0.7 11.2 7.9 11.1 0.21
- Navi Large Cap Equity. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . .
. . . . 30.8 91 2.5 0.3 -2.6 10.0 7.0 11.8 0.12
- Taurus Largecap
Equity. . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 96.3 29 2.6
2.6 -0.8 9.4 5.9 9.6 0.09
EQUITY - LARGE & MID CAP FUNDS
★★★★★ Mirae Asset Emerging Bluechip. . . . . . . . .. . . . . . . . 89.4 20664 1.7
1.6 -0.4 19.1 13.7 22.7 0.26
★★★★★ Quant Large & Mid Cap. . . . . . . . . . . . . . . . . . . . . . . . .. . . .
. . . . 64.4 155 2.3 0.6 7.8 21.1 12.0 17.3 0.22
★★★★ Canara Robeco Emerging Equities. . . .. . . . . .149.2 12769 2.1 1.1 0.5 17.5
11.5 20.2 0.21
★★★★ ICICI Pru Large & Mid
Cap . . . . . . . . . . . . . . . . . . .. . . . . .516.3 4973 2.0 1.2 10.6 16.9
11.0 14.3 0.21
★★★★ Kotak Equity
Opport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .184.7
9223 1.8 0.6 1.5 16.1 10.7 15.6 0.20
★★★★ LIC MF Large &
Midcap. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 22.7 1638
2.4 0.9 3.9 15.5 10.5 - 0.18
★★★ DSP Equity
Opport. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
.328.4 6170 1.9 0.9 -4.7 14.9 9.9 15.8 0.18
★★★ Edelweiss Large & Mid Cap . . . . . . . . . . . . . . . . .. . . . . . . . 48.7
1270 2.4 1.0 -0.4 16.1 12.1 14.5 0.22
★★★ HDFC Large and Mid
Cap . . . . . . . . . . . . . . . . . . . . .. . . . . .178.7 5817 2.1 1.3 6.3 16.7
10.8 12.4 0.20
★★★ IDFC Core Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .. . . . . . . . 64.4 2165 2.1 0.9 -0.7 13.3 8.6 13.1 0.15
★★★ Invesco India Growth Opport. . . . . . . . . . . . . .. . . . . . . . 47.6 3503
1.9 0.6 -3.7 12.4 10.2 14.6 0.18
★★★ SBI Large & Midcap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . .156.0 6394 1.9 1.2 0.9 16.3 11.6 16.1 0.21
★★★ Sundaram Large and Mid Cap . . . . . . . . . . . .. . . . . . . . 50.0 4532 2.0
0.8 1.6 13.6 10.7 14.2 0.19
★★★ Tata Large & Mid
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .311.4 2846 2.1
0.9 2.1 14.5 10.7 14.8 0.20
★★ BOI Large & Mid Cap Equity. . . . . . . . . . . . . . . .. . . . . . . . 50.5
182 2.6 1.5 -3.3 15.3 8.3 11.9 0.14
★★ Franklin Ind Equity Advantage . . . . . . . . . . .. . . . . .114.6 2495 2.1 1.4
0.2 13.2 8.9 14.2 0.16
★★ Nippon Ind Vision. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . .. . . . . .761.0 2857 2.1 1.7 1.1 13.2 7.0 11.7 0.12
★★ UTI Core
Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 92.9 1257 2.6 1.9 0.2 14.9 9.1 12.9 0.16
★ Aditya Birla SL Equity Advantage. . . . . .. . . . . .105.8 4930 2.0 1.1 -10.2
11.5 6.3 14.7 0.10
★ L&T Large and Midcap . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
. . . 63.7 1350 2.3 1.3 -1.4 11.4 6.4 13.2 0.10
- Navi Large &
Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
22.5 133 2.5 0.4 4.3 13.5 9.6 - 0.16
EQUITY - FLEXI CAP FUNDS
★★★★★ Parag Parikh Flexi
Cap. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 44.7 22324
1.9 0.8 -1.5 21.1 16.4 - 0.36
★★★★★ PGIM India Flexi Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 23.2 4241 2.0 0.4 -4.5 20.3 12.6 - 0.24
★★★★★ Quant Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .. . . . . . . . 53.6 409 2.3 0.6 -0.3 27.9 15.6 16.7 0.30
★★★★ Canara Robeco Flexi
Cap. . . . . . . . . . . . . . . . . . . . . .. . . . . .204.5 7103 2.0 1.0 -1.0
15.2 12.2 13.8 0.24
★★★★ JM
Flexicap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . .. . . . . . . . 48.7 188 2.6 1.8 6.3 15.8 10.5 15.5 0.20
★★★★ Union Flexi Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .. . . . . . . . 30.6 1085 2.3 1.1 -1.0 16.3 11.4 12.5 0.21
★★★★ UTI Flexi
Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . .. . . . . .150.1 22657 1.8 1.0 -7.2 16.8 12.5 14.9 0.23
★★★ Aditya Birla SL Flexi Cap. . . . . . . . . . . . . . . . . . . . . . .. . .
1020.3 14349 1.8 0.9 -5.1 12.6 8.6 15.8 0.15
★★★ DSP Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . .. . . . . . . . 46.4 6824 1.9 0.8 -7.3 13.9 10.0 13.9 0.18
★★★ Edelweiss Flexi
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
21.1 885 2.3 1.0 -1.4 13.3 10.9 - 0.20
★★★ Franklin Ind Flexi
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .890.5 9083 1.9
1.1 3.7 15.5 10.0 15.1 0.19
★★★ HDFC Flexi
Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .981.3 26511 1.8 1.1 9.0 13.2 10.6 14.2 0.20
★★★ IDBI Flexi Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . .. . . . . . . . 31.6 346 2.6 1.2 2.7 15.6 9.7 - 0.17
★★★ Kotak
Flexicap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . .. . . . . . . . 48.4 33341 1.6 0.7 -2.3 10.8 8.9 15.7 0.16
★★★ SBI
Flexicap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . .. . . . . . . . 69.9 14491 1.7 0.9 -1.2 12.6 9.8 15.7 0.18
★★ HSBC Flexi
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . .117.0 368 2.5 1.4 -3.3 11.9 7.1 13.0 0.12
★★ IDFC Flexi
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . . .124.9 5146 2.0 1.2 0.0 11.4 7.1 14.1 0.11
★★ L&T
Flexicap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . . . .110.8 2562 2.1 1.4 -0.7 11.0 7.6 12.7 0.13
★★ LIC MF Flexi
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . . . . 60.9 369 2.7 1.7 -2.8 9.1 7.1 9.7 0.13
★ Motilal Oswal Flexi
Cap . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.4 8622 1.9
1.0 -11.1 5.6 4.2 - 0.06
★ Taurus Flexi Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .. . . . . .139.5 222 2.6 2.6 0.0 8.2 4.7 10.0 0.06
EQUITY - MULTI CAP FUNDS
- Baroda BNP Paribas Multi Cap. . . . . . . . . . .. . . . . .154.5 1516 2.3 1.2
1.9 16.8 10.2 13.1 0.19
- ICICI Pru
Multicap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . .
. .419.8 6157 2.0 1.1 1.0 12.8 10.0 14.8 0.17
- Invesco India
Multicap. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 71.4
1833 2.1 0.8 -5.2 16.1 9.5 17.2 0.16
- Nippon Ind Multi
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .144.4 11268
2.0 1.4 12.4 14.1 10.9 14.3 0.19
- Quant Active. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . .. . . . . .387.3 2312 2.6 0.6 4.0 28.0 19.7 19.6 0.36
- Sundaram Multi
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .217.4 1671
2.3 1.3 3.0 15.9 10.3 16.2 0.19
EQUITY - MID CAP FUNDS
★★★★★ PGIM India Midcap Opport. . . . . . . . . . . . . . . . . .. . . . . . . .
40.5 5169 2.1 0.5 6.4 32.4 16.3 - 0.28
★★★★★ Quant Mid
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . .117.3 535 2.7 0.6 8.3 29.8 17.8 14.9 0.33
★★★★ Axis
Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .. . . . . . . . 62.7 16567 1.9 0.5 -0.2 20.4 15.6 19.3 0.31
★★★★ Edelweiss Mid
Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 47.5 1864 2.2 1.0 1.0 22.6 13.4 20.1 0.23
★★★★ Kotak Emerging Equity . . . . . . . . . . . . . . . . . . . . . . . . .. . . .
. . . . 68.6 18259 1.8 0.5 3.5 21.8 13.0 19.7 0.22
★★★★ Nippon Ind
Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
1939.4 11268 1.9 1.2 4.5 20.8 13.0 16.5 0.23
★★★ Baroda BNP Paribas Mid Cap. . . . . . . . . . . . . .. . . . . . . . 54.5 1064
2.3 0.6 -0.3 20.3 10.6 18.1 0.18
★★★ HDFC Mid-Cap
Opport . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 88.2
29095 1.8 1.0 4.1 18.8 10.5 18.3 0.18
★★★ Invesco India
Midcap. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 80.0
2148 2.1 0.7 -1.3 19.4 12.7 18.5 0.23
★★★ Motilal Oswal Midcap
30 . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 44.3 2575 2.2 0.9
20.9 22.8 11.6 - 0.19
★★★ SBI Magnum
Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .134.9
6741 1.9 1.0 8.5 24.5 11.5 19.9 0.19
★★★ Tata Mid Cap
Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .228.0 1462
2.4 1.2 1.9 19.0 11.7 18.3 0.21
★★★ UTI Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. . . . . . . . 82.0 6190 2.1 1.0 1.5 21.8 11.4 18.8 0.20
★★ Aditya Birla SL Midcap. . . . . . . . . . . . . . . . . . . . . . . . . .. . . .
. .435.1 3160 2.1 1.2 4.6 16.0 7.7 15.7 0.13
★★ DSP Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . .. . . . . . . . 81.5 12502 1.8 0.8 -7.2 15.3 9.4 17.1 0.16
★★ ICICI Pru
Midcap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
. . . .153.7 3091 2.2 1.1 1.1 18.3 11.0 17.6 0.19
★★ L&T
Midcap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .. . . . . .194.3 6022 1.9 0.8 -1.7 15.0 7.7 17.9 0.13
★ Franklin Ind
Prima . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
1364.0 6523 1.9 1.1 -4.8 13.5 8.6 17.7 0.14
★ Sundaram Mid
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .664.
6 6444 1.9 1.0 1.2 13.8 6.7 16.4 0.10
- IDBI Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . .. . . . . . . . 15.6 173 2.6 1.6 -4.4 15.2 6.8 - 0.11
- Taurus Discovery (Midcap) . . . . . . . . . . . . . . . . .. . . . . . . . 67.5
67 2.6 2.2 -4.9 17.8 10.7 17.2 0.19
EQUITY - SMALL CAP FUNDS
★★★★★ Quant Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .. . . . . .118.7 1712 2.7 0.6 -3.1 38.8 18.6 13.9 0.31
★★★★★ SBI Small
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . .. . . . . .100.1 11646 1.7 0.8 4.8 25.7 17.1 24.8 0.31
★★★★ AXIS Small
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . 57.3 8956 2.0 0.5 4.2 25.7 17.3 - 0.32
★★★★ Nippon Ind Small
Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 80.9
18358 1.9 1.0 6.7 28.5 15.8 23.8 0.27
★★★ DSP Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .. . . . . .104.7 7958 1.9 1.0 4.4 25.3 11.0 21.1 0.18
- SBI Technology Opport. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . 74.9 2381 2.0 0.9 -5.4 23.5 22.8 19.4 0.50
- Tata Digital India. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .. . . . . . . . 29.3 5434 2.0 0.4 -6.9 24.7 24.9 - 0.52
EQUITY - SECTOR - PHARMA FUNDS
- Nippon Ind
Pharma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .27
2.1 4400 2.0 1.1 -12.4 24.2 15.2 16.4 0.38
- SBI Healthcare Opport. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
.131.2 1590 2.1 1.1 -11.0 24.1 10.0 15.1 0.21
- Tata India Pharma & Healthcare . . . . . . .. . . . . . . . 16.2 496 2.5 1.0 -8.5
22.3 12.6 - 0.29
- UTI Healthcare. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . . . .112.6 683 2.5 1.2 -13.9 22.5 11.0 13.2 0.25
HYBRID - AGGRESSIVE HYBRID FUNDS
★★★★★ ICICI Pru Equity & Debt. . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . .216.1 18587 1.8 1.3 13.7 17.0 12.3 16.1 0.27
★★★★★ Quant Absolute. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .. . . . . .273.3 437 2.3 0.6 7.5 24.9 17.0 16.3 0.38
★★★★ Canara Robeco Equity Hybrid. . . . . . . . . . . . .. . . . . .229.4 7429 1.9
0.6 -0.6 13.1 10.4 13.5 0.24
★★★★ Kotak Equity Hybrid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 22.4 2539 2.1 0.6 3.3 14.8 9.8 12.2 0.19
★★★★ SBI Equity Hybrid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .. . . . . . . . 40.8 48908 1.5 0.9 2.4 11.9 10.3 14.7 0.23
★★★ DSP Equity & Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . . .214.3 6837 2.0 1.0 -4.8 12.2 8.9 12.8 0.17
★★★ Franklin Ind Equity
Hybrid . . . . . . . . . . . . . . . . . . .. . . . . .166.0 1268 2.3 1.2 -0.8 11.3
8.6 13.0 0.17
★★★ HDFC Hybrid
Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
76.1 17192 1.8 1.1 1.9 11.9 7.7 11.3 0.16
★★★ Sundaram Aggressive Hybrid. . . . . . . . . . . . .. . . . . .105.0 2854 2.1
0.9 2.2 11.6 8.8 13.4 0.19
★★★ UTI Hybrid
Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . .240.4 4069 2.0 1.5 3.6 12.8 8.2 12.0 0.16
★★ Aditya Birla SL Equity Hybrid '95. . . . . . .. . . . . .989.3 7420 1.9 1.1 -1.8
9.8 6.5 12.4 0.11
★★ L&T Hybrid
Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
. . . 33.9 4322 1.9 0.9 -3.8 8.9 6.2 12.9 0.10
★★ Tata Hybrid Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . . .290.0 3027 2.0 1.1 3.1 10.5 7.5 12.7 0.15
★ LIC MF Equity
Hybrid. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .127.7 406
2.6 1.4 -2.7 7.3 6.4 8.9 0.12
★ Nippon Ind Equity Hybrid . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
63.0 2818 2.1 1.4 0.9 5.5 4.0 10.8 0.06
- BOI AXA Mid & Small Cap Eq&Debt. .. . . . . . . . 20.7 322 2.6 1.6 -4.3 21.3 11.0
- 0.20
- Edelweiss Aggressive Hybrid. . . . . . . . . . . . . .. . . . . . . . 36.5 238
2.5 0.5 3.3 12.7 9.7 11.4 0.21
- IDBI Hybrid
Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
. . . 14.7 174 2.6 1.7 -0.8 9.9 5.2 - 0.08
- IDFC Hybrid Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 16.0 537 2.5 1.2 -0.2 11.8 7.3 - 0.13
- JM Equity Hybrid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . .. . . . . . . . 64.2 10 2.6 1.8 0.2 16.3 8.1 11.4 0.17
- Mirae Asset Hybrid Equity . . . . . . . . . . . . . . . . . . .. . . . . . . .
20.7 6396 1.8 0.4 0.1 11.5 10.0 - 0.22
- PGIM India Hybrid Equity. . . . . . . . . . . . . . . . . . . . .. . . . . . . .
84.9 209 2.4 0.9 -9.1 7.8 5.6 10.0 0.08
- Shriram Hybrid Equity. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . .
. . . . 21.7 55 2.4 0.7 0.3 8.9 7.2 - 0.14
HYBRID - BALANCED ADVANTAGE FUNDS
★★★★★ Edelweiss Balanced Advantage . . . . . . . . .. . . . . . . . 34.1 7964 1.8
0.5 0.7 13.1 9.7 11.0 0.30
★★★★ Aditya Birla SL Bal Advantage . . . . . . . . . . . .. . . . . . . . 70.5 6586
1.9 0.6 -0.3 9.9 7.3 11.0 0.15
★★★★ ICICI Pru Balanced Advantage . . . . . . . . . . .. . . . . . . . 49.5 40064
1.6 1.0 6.3 11.3 9.5 12.8 0.21
★★★ DSP Dynamic Asset Allocation . . . . . . . . . . .. . . . . . . . 19.1 4391 1.9
0.6 -1.7 7.7 6.4 - 0.13
★★★ IDFC Balanced Advantage . . . . . . . . . . . . . . . . . . .. . . . . . . .
17.0 2868 2.0 0.6 -1.6 8.4 7.1 - 0.14
★★★ UTI-Unit Linked Insurance . . . . . . . . . . . . . . . . . . .. . . . . . . .
31.3 4999 1.8 0.9 1.4 8.8 5.9 8.8 0.12
★★ Invesco India Dynamic Equity. . . . . . . . . . . . .. . . . . . . . 34.7 634
2.3 1.0 -3.0 6.0 5.4 11.2 0.09
★★ L&T Balanced Advantage. . . . . . . . . . . . . . . . . . . . .. . . . . . . .
29.9 1879 2.1 0.7 -0.4 7.1 6.4 11.0 0.15
★ Sundaram Balanced Advantage. . . . . . . . .. . . . . . . . 24.4 1544 2.3 0.6 0.5
6.1 4.8 9.2 0.07
- Bank of India Balanced Advantage . . .. . . . . . . . 17.4 72 2.7 1.8 8.4 8.2 3.7
- 0.00
- HDFC Balanced Advantage. . . . . . . . . . . . . . . . . .. . . . . .285.4 43079
1.7 1.0 9.1 12.3 10.5 13.0 0.22
- Motilal Oswal
Dynamic . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.3 807
2.4 1.1 -5.5 5.2 4.7 - 0.05
- Nippon Ind Balanced Advantage. . . . . . . .. . . . . .119.0 6076 1.9 1.1 1.6 9.1
7.5 12.3 0.17
HYBRID - CONSERVATIVE HYBRID FUNDS
★★★★★ ICICI Pru Regular Savings. . . . . . . . . . . . . . . . . . . .. . . . . . .
. 55.6 3204 1.8 1.0 5.7 8.6 7.7 10.2 0.42
★★★★★ Kotak Debt Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . .. . . . . . . . 42.3 1468 1.9 0.5 4.5 10.0 7.7 9.6 0.30
★★★★ Canara Robeco Conservative Hybrid. . . . . . . . 74.2 1118 1.8 0.6 1.9 8.7 7.3
8.7 0.33
★★★★ SBI Conservative Hybrid . . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . 53.1 6079 1.1 0.6 5.3 10.1 7.1 9.3 0.25
★★★ Aditya Birla SL Regular Savings. . . . . . . . .. . . . . . . . 50.6 1638 1.9
0.9 5.3 8.5 5.9 10.2 0.16
★★★ Axis Regular
Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . 23.7 430 2.3 0.8 1.4 8.3 5.9 8.0 0.17
★★★ Baroda BNP Paribas Conser Hybrid. .. . . . . . . . 34.3 499 2.2 0.8 0.8 5.7 5.4
7.8 0.19
★★★ HDFC Hybrid
Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . 59.2 2629 1.9 1.4 3.6 8.3 6.3 9.1 0.22
★★★ UTI Regular
Savings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
51.0 1553 1.8 1.3 5.7 7.7 6.2 9.0 0.20
★★ Franklin Ind Debt
Hybrid . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 67.2 254 1.4 1.2
1.3 5.9 5.3 8.3 0.12
★★ IDFC Regular
Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.3
171 2.1 1.2 0.3 5.1 4.8 8.0 0.11
★ DSP Regular
Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
43.4 198 1.2 0.6 1.1 6.6 4.3 7.4 0.06
★ Nippon Ind Hybrid Bond . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 44.4 718 2.2 1.3 5.1 1.0 2.0 6.5 -0.06
- Bank of India Conservative Hybrid . . .. . . . . . . . 26.9 53 2.3 1.7 21.0 13.4
6.2 8.2 0.13
- HSBC Regular Savings . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
. . . 44.8 89 2.2 0.9 1.2 6.0 5.1 8.0 0.12
- L&T Conservative Hybrid . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
42.2 35 2.2 1.6 0.6 5.5 5.4 7.1 0.16
- LIC MF Debt
Hybrid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 66.3 64 2.3 1.3 2.0 6.0 5.6 7.0 0.21
- Navi Regular
Savings. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
21.9 28 2.3 0.4 1.5 4.4 4.2 6.8 0.06
- Sundaram Debt Oriented Hybrid . . . . . . .. . . . . . . . 23.2 32 2.2 1.2 6.7
7.3 4.6 7.8 0.09
BL Rating Scheme Name Latest Expense Ratio (%) Trailing Returns (%)
NAV
(₹)
Latest
Corpus
(₹ Cr)
Regular Direct 1 Year
CAGR
3 Year
CAGR
5 Year
CAGR
10 Year
CAGR
Tracking
Error
(%)
PASSIVE FUNDS
PASSIVE FUNDS - TRACKING NIFTY 50 INDEX
- HDFC Indx Fund-NIFTY 50. . . . . . . . . . . . . . . . . . . .. . . . . .148.8
5941 0.4 0.2 1.6 12.2 11.0 12.7 0.10
- Nippon Ind ETF Nifty 50 BeES . . . . . . . . . . . . .. . . . . .174.8 8707 0.1 -
2.0 12.7 11.4 13.1 0.10
- SBI Nifty 50 ETF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .. . . . . .165.3 122898 0.1 - 2.0 12.7 11.4 - 0.10
- UTI Nifty ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . .. . . 1701.1 31975 - - 2.0 12.7 11.4 - 0.10
- UTI Nifty 50 Indx
Fund. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .107.6 7068 0.3
0.2 1.7 12.4 11.2 12.7 0.10
PASSIVE FUNDS - TRACKING BSE SENSEX INDEX
- HDFC Indx Fund - S&P BSE Sensex . . .. . . . . .485.4 3390 0.4 0.2 1.9 12.0 11.6
12.9 0.09
- SBI S&P BSE Sensex ETF. . . . . . . . . . . . . . . . . . . . . .. . . . . .571.9
65628 0.1 - 2.2 12.6 12.1 - 0.12
- UTI Sensex ETF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .. . . . . .568.3 20644 - - 2.3 12.6 12.1 - 0.09
PASSIVE FUNDS - TRACKING NIFTY NEXT 50 INDEX
- ICICI Pru Nifty Next 50 Indx Fund. . . . . .. . . . . . . . 34.3 2043 0.7 0.3 0.2
12.7 7.2 14.2 0.13
- Nippon Ind ETF Junior BeES . . . . . . . . . . . . . . . .. . . . . .411.0 2418
0.2 - 0.8 13.7 8.1 15.0 0.13
- UTI Nifty Next 50 Indx Fund. . . . . . . . . . . . . . . . .. . . . . . . . 13.9
1627 0.8 0.3 0.2 13.1 - - 0.13
PASSIVE FUNDS - TRACKING BANKING INDEX
- ICICI Pru Nifty Private Bank ETF. . . . . . . .. . . . . .172.7 1927 0.2 - -6.9 -
- - 0.13
- Nippon Ind ETF Nifty Bank BeES. . . . . . . .. . . . . .350.7 8705 0.2 - -3.0 4.1
7.6 12.8 0.13
- Nippon Ind ETF Nifty PSU Bank BeES. . . . . . . . 28.8 421 0.5 - 6.5 -5.6 -6.0 -
1.8 0.14
PASSIVE FUNDS - TRACKING MIDCAP INDEX
- ICICI Pru Midcap Select ETF . . . . . . . . . . . . . . .. . . . . . . . 96.1 24
0.2 - -0.3 14.1 7.6 - 0.76
- Motilal Oswal Nifty Midcap 100 ETF.. . . . . . . . 29.7 92 0.2 - 2.2 18.9 9.4
14.6 0.11
- Nippon Ind ETF Nifty Midcap 150 . . . . . .. . . . . .107.8 484 0.2 - 1.9 20.8 -
- 0.10
PASSIVE FUNDS - TRACKING SMALLCAP INDEX
- ABSL Nifty Small 50
Indx. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 9.7 38 1.0 0.3 -
24.3 - - - 0.08
- Nippon Ind Nif Small250 Indx. . . . . . . . . . . . . .. . . . . . . . 16.5 291
1.0 0.3 -7.0 - - - 0.08
SMART BETA FUNDS
- ICICI Pru Nifty 100 Low Vol 30 ETF. . . .. . . . . .132.5 1351 0.4 - 1.3 14.4
11.9 - 0.08
- ICICI Pru Alpha Low Vol 30 ETF. . . . . . . . . .. . . . . .159.4 255 0.4 - -1.2
- - - 0.03
- Nippon Ind ETF Nifty 50 Value 20. . . . . . .. . . . . . . . 91.1 60 0.3 - 2.7
17.3 15.9 - 0.04
- SBI Nifty 200 Quality 30 ETF. . . . . . . . . . . . . . . .. . . . . .142.8 34 -
- 1.3 15.3 - - 0.06
- UTI Nif200 Momentum 30 Indx Fund. . . . . . . . 11.4 1475 0.9 0.4 -6.7 - - - 0.02
PASSIVE FUNDS - GOLD ETF AND SILVER ETF
- HDFC Gold
ETF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 44.8 3176 0.6 - 3.9 11.9 11.6 4.5 -
- ICICI Pru Silver ETF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 55.3 465 0.4 - - - - - -
- Nippon Ind ETF Gold BeES . . . . . . . . . . . . . . . . . . .. . . . . . . .
43.6 6683 0.8 - 3.7 11.8 11.6 4.5 -
- Nippon Ind Silver
ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 54.4 349
0.6 - - - - - -
- SBI Gold
ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .. . . . . . . . 44.9 2637 1.1 - 3.9 12.1 11.7 4.6 -
Source : ACE MF. NAV for the growth option as on 15-07-2022. Returns for regular
plans considered.
★★★ HDFC Small
Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
. . . . . . 68.2 11753 1.9 0.9 -1.2 18.4 12.2 17.5 0.21
★★★ Kotak Small
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . .151.8 7080 2.0 0.6 4.0 29.9 15.3 19.8 0.26
★★★ L&T Emerging Businesses. . . . . . . . . . . . . . . . . . . .. . . . . . . .
42.3 7336 1.9 0.8 6.7 22.2 11.6 - 0.20
★★★ Union Small
Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . . . . 27.7 577 2.5 1.5 2.2 28.8 13.1 - 0.22
★★ Franklin Ind Smaller Companies. . . . . . . .. . . . . . . . 83.1 6208 1.9 1.1
0.4 17.3 8.5 19.7 0.15
★★ HSBC Small Cap
Equity. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 73.8 267 2.5
1.1 -7.4 17.0 6.6 14.9 0.11
★ Aditya Birla SL Small Cap. . . . . . . . . . . . . . . . . . . . .. . . . . . . .
47.9 2594 2.2 1.1 -9.6 13.7 4.7 15.3 0.09
★ Sundaram Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . .133.3 1805 2.2 0.9 -1.4 19.6 6.2 16.2 0.11
- ICICI Pru
Smallcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
. . . 50.3 3565 2.1 0.7 6.2 26.1 13.8 17.0 0.25
EQUITY - FOCUSED FUNDS
★★★★★ IIFL Focused Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . .. . . . . . . . 26.9 2778 2.0 0.9 -0.5 17.9 13.3 - 0.25
★★★★★ SBI Focused Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . .. . . . . .213.5 23804 1.6 0.7 -1.0 14.4 12.6 16.0 0.24
★★★★ Quant Focused. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .. . . . . . . . 51.0 97 2.6 0.6 0.8 16.8 11.9 17.6 0.21
★★★★ Sundaram
Focused. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . 97.9 649 2.5 1.5 -3.4 15.5 10.9 13.9 0.22
★★★ Aditya Birla SL Focused Equity. . . . . . . . . . .. . . . . . . . 84.2 5365
2.0 0.9 0.1 11.9 8.9 14.2 0.17
★★★ Axis Focused 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . . . . . . 38.1 16702 1.9 0.7 -9.1 10.8 10.0 14.3 0.17
★★★ Franklin Ind Focused Equity . . . . . . . . . . . . . . . .. . . . . . . . 62.3
7181 1.9 1.1 2.6 14.2 11.0 17.8 0.20
★★★ ICICI Pru Focused
Equity. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 46.2 3111 2.0 0.7
3.2 15.8 11.1 13.3 0.24
★★★ Nippon Ind Focused Equity . . . . . . . . . . . . . . . . . .. . . . . . . .
73.9 5446 2.0 1.5 5.1 16.6 10.3 17.3 0.18
★★ HDFC Focused
30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
.114.5 1526 2.3 1.0 14.6 13.9 8.2 12.4 0.15
★★ Motilal Oswal Focused 25 . . . . . . . . . . . . . . . . . . . .. . . . . . . .
30.5 1570 2.3 1.1 -4.1 11.8 8.4 - 0.14
★ DSP
Focus. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . .. . . . . . . . 30.5 1691 2.2 1.1 -7.7 9.6 7.1 12.8 0.12
★ IDFC Focused Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
. . . . . . 49.2 1211 2.2 0.9 -2.5 11.4 6.4 10.7 0.12
- JM
Focused . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . .. . . . . . . . 10.9 39 2.5 1.7 2.8 8.4 6.2 12.7 0.11
EQUITY - VALUE FUNDS
★★★★★ ICICI Pru Value
Discovery. . . . . . . . . . . . . . . . . . . .. . . . . .241.7 23053 1.8 1.3 10.8
18.8 12.3 17.0 0.25
★★★★★ IDFC Sterling
Value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
83.7 4254 2.0 0.9 5.8 19.7 10.8 16.1 0.18
★★★★ JM Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . .. . . . . . . . 46.6 142 2.6 1.9 -1.3 14.6 9.1
14.6 0.16
★★★★ Nippon Ind
Value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . .113.8 4100 2.1 1.3 1.1 15.7 11.3 15.0 0.20
★★★ L&T India Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . . . . . . 52.6 6886 1.9 0.9 0.2 13.9 8.3 17.5 0.14
★★★ Tata Equity
P/E. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . .185.0 4677 2.0 0.9 3.6 11.8 7.8 15.4 0.14
★★★ Templeton India Value. . . . . . . . . . . . . . . . . . . . . . . . . .. . . .
. . . . 71.3 633 2.6 1.6 7.0 16.1 8.5 13.3 0.15
★★★ UTI Value
Opport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . . . . 92.9 6055 2.0 1.3 -0.6 15.6 11.3 12.6 0.21
★★ HDFC Capital Builder Value. . . . . . . . . . . . . . . . .. . . . . .395.6 4782
2.1 1.1 0.3 11.7 8.6 14.2 0.15
★★ Quantum Long Term Equity Value . . . .. . . . . . . . 73.0 804 1.8 1.3 -1.7 10.0
7.6 12.6 0.14
★ Aditya Birla SL Pure Value . . . . . . . . . . . . . . . . . . .. . . . . . . .
64.8 3529 2.1 1.1 -6.4 10.1 3.5 14.9 0.06
- Indiabulls Value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .. . . . . . . . 15.8 10 2.3 0.5 -0.3 11.3 3.4 - 0.03
EQUITY - TAX SAVING (ELSS) FUNDS
★★★★★ Bank of India Tax Advantage . . . . . . . . . . . . . .. . . . . . . . 89.1
551 2.5 1.3 -4.9 21.3 13.3 15.6 0.24
★★★★★ IDFC Tax Advantage (ELSS) . . . . . . . . . . . . . . . .. . . . . . . . 90.7
3399 2.0 0.8 2.9 18.0 11.9 16.9 0.21
★★★★★ Quant
Tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . .. . . . . .211.6 1370 2.6 0.6 4.8 30.8 19.4 18.9 0.36
★★★★ Canara Robeco Equity Tax Saver. . . . . . .. . . . . . . . 33.4 3518 2.0 0.7 -
0.4 17.4 13.5 14.8 0.26
★★★★ DSP Tax Saver. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . .. . . . . . . . 75.4 9091 1.8 0.8 -0.8 16.2 11.5 16.8 0.21
★★★★ Kotak Tax
Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . 67.0 2529 2.0 0.8 1.2 14.7 10.6 14.4 0.19
★★★★ Sundaram Tax
Savings . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .307.5 854 2.4
1.8 4.1 14.6 9.4 15.8 0.18
★★★★ Union Long Term
Equity . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 38.6 479 2.5
1.6 1.6 17.0 11.3 13.2 0.21
★★★ Axis Long Term
Equity . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 61.2
27628 1.6 0.8 -9.8 10.6 10.3 16.8 0.17
★★★ Franklin Ind Taxshield . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
. . . .800.0 4312 1.9 1.1 0.9 12.3 9.0 14.2 0.16
★★★ HDFC Tax Saver. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .. . . . . .716.5 8716 1.9 1.3 8.4 11.6 7.3 12.7 0.13
★★★ HSBC Tax Saver Equity. . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
. . . 51.5 172 2.5 1.3 0.8 12.3 7.3 13.7 0.12
★★★ ICICI Pru Long Term Equity. . . . . . . . . . . . . . . . .. . . . . .549.0
9072 2.0 1.2 2.1 13.3 10.8 14.9 0.20
★★★ Invesco India Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .. . . . . . . . 71.7 1671 2.1 0.9 -7.1 12.7 10.2 15.4 0.19
★★★ LIC MF
Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .. . . . . . . . 91.4 371 2.6 1.5 0.1 11.2 9.2 13.0 0.16
★★★ Motilal Oswal Long Term Equity. . . . . . . .. . . . . . . . 23.9 1955 2.1 0.9
-4.7 12.5 7.8 - 0.12
★★★ SBI Long Term
Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 47.5
9878 1.8 1.2 1.5 13.9 8.2 13.3 0.15
★★★ Tata India Tax Savings . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . . . . 66.0 2743 2.0 0.8 2.5 12.1 9.1 15.3 0.17
★★★ UTI Long Term Equity (Tax Saving) . .. . . . . . . . 25.0 2614 2.1 1.2 -1.9
15.4 9.8 13.1 0.18
★★ Baroda BNP Paribas ELSS. . . . . . . . . . . . . . . . . . . .. . . . . . . .
53.6 628 2.4 1.2 -5.0 11.7 8.2 13.9 0.15
★★ Edelweiss Long Term Equity . . . . . . . . . . . . . . .. . . . . . . . 64.9 180
2.5 0.7 -1.7 12.1 8.2 13.3 0.15
★★ IDBI Equity Advantage . . . . . . . . . . . . . . . . . . . . . . . . . .. . . .
. . . . 34.8 444 2.4 1.2 -1.3 11.4 7.1 - 0.11
★★ L&T Tax
Advantage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . 71.2 2875 2.0 1.2 -5.0 10.2 6.7 13.1 0.11
★★ Sundaram Diversified Equity . . . . . . . . . . . . . .. . . . . . . . 12.3 1667
2.1 1.6 3.1 11.7 6.5 12.4 0.11
★ Aditya Birla SL Tax Relief '96 . . . . . . . . . . . . . .. . . . . .150.0 12676
1.8 1.0 -6.2 7.9 5.9 14.1 0.09
★ Nippon Ind Tax Saver (ELSS) . . . . . . . . . . . . . .. . . . . . . . 72.0 10711
1.8 0.9 3.4 10.0 3.7 12.9 0.06
★ Quantum Tax Saving . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . . . . 72.8 100 1.8 1.3 -1.3 10.2 7.8 12.7 0.14
- Aditya Birla SL Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . . . . . 86.9 345 2.6 2.1 -6.9 7.2 5.2 13.4 0.08
- JM Tax
Gain. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . . . . . . 25.9 61 2.5 1.6 0.3 15.4 11.4 15.9 0.20
- Mahi Manu ELSS Kar Bachat Yojana. . . . . . . . 17.4 435 2.5 0.7 1.2 15.4 8.3 -
0.14
- Mirae Asset Tax
Saver . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.6 11495
1.7 0.6 -0.4 17.2 13.6 - 0.26
- Navi ELSS Tax
Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
18.4 55 2.4 0.4 -1.8 8.9 6.6 - 0.10
- PGIM India ELSS Tax Saver . . . . . . . . . . . . . . . . .. . . . . . . . 22.1
369 2.5 1.0 3.7 15.4 10.7 - 0.20
- Taurus Tax Shield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . .. . . . . .104.6 57 2.4 1.8 -2.3 10.4 8.6 12.1 0.16
EQUITY - DIVIDEND YIELD FUNDS
★★★★★ Templeton India Equity Income . . . . . . . . .. . . . . . . . 81.1 1216 2.4
1.6 8.8 21.1 13.3 15.4 0.27
★★★★ Sundaram Dividend
Yield. . . . . . . . . . . . . . . . . . . . .. . . . . . . . 80.0 277 2.7 2.1 0.9
16.0 11.0 13.5 0.22
★★★ ICICI Pru Dividend Yield Equity. . . . . . . . . .. . . . . . . . 25.4 921 2.6
1.0 9.4 16.4 8.1 - 0.17
★★ UTI Dividend Yield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . .. . . . . . . . 95.5 2656 2.1 1.5 -2.5 14.7 10.2 11.8 0.20
★ Aditya Birla SL Dividend Yield . . . . . . . . . . . .. . . . . .232.5 745 2.5
1.8 -2.9 14.9 6.3 10.7 0.11
EQUITY - THEMATIC - CONSUMPTION FUNDS
★★★★★ Canara Robeco Consumer Trends. . . . .. . . . . . . . 64.6 760 2.5 1.1 6.9
18.9 13.6 16.9 0.25
★★★★ SBI Consumption
Opport . . . . . . . . . . . . . . . . . . . . .. . . . . .111.9 919 2.3 1.4 16.6
20.1 12.4 16.1 0.23
★★★ Aditya Birla SL India GenNext. . . . . . . . . . . . .. . . . . .132.0 2577 2.2
1.1 6.8 17.3 12.4 17.8 0.22
★★★ ICICI Pru
FMCG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . .361.3 790 2.4 1.6 22.3 15.5 11.2 14.7 0.22
★★★ Mirae Asset Great Consumer. . . . . . . . . . . . . .. . . . . . . . 54.1 1649
2.1 0.6 8.4 17.3 13.1 17.1 0.24
★★ UTI India
Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 37.2 385 2.8 2.4 6.0 15.4 9.3 11.7 0.16
★ Sundaram Rural and Consumption . . .. . . . . . . . 57.8 1075 2.2 1.3 5.2 13.2
7.3 14.9 0.11
- Nippon Ind Consumption. . . . . . . . . . . . . . . . . . . . . .. . . . . .116.7
195 2.8 1.3 15.8 23.3 12.9 15.1 0.23
- Tata India
Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
25.4 1222 2.3 0.9 6.8 16.5 11.4 - 0.21
EQUITY - THEMATIC - INFRASTRUCTURE FUNDS
★★★★★ Invesco India Infrastructure. . . . . . . . . . . . . . . .. . . . . . . .
29.6 414 2.5 1.0 5.2 20.4 12.9 15.7 0.23
★★★★★ Quant
Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . 20.1 540 2.4 0.6 15.5 31.1 20.4 14.1 0.34
★★★★ ICICI Pru Infrastructure. . . . . . . . . . . . . . . . . . . . . . . .. . . .
. . . . 80.9 1826 2.2 1.6 13.1 16.5 10.1 12.5 0.19
★★★★ Kotak Infra & Economic Reform. . . . . . . . .. . . . . . . . 32.1 533 2.6 1.2
12.8 16.5 9.2 14.6 0.16
★★★★ Tata Infrastructure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . .. . . . . . . . 89.9 790 2.5 1.5 10.6 17.5 10.4 12.5 0.18
★★★ Canara Robeco Infrastructure. . . . . . . . . . . .. . . . . . . . 73.4 197 2.6
1.4 8.8 17.7 9.0 13.2 0.15
★★★ DSP India
T.I.G.E.R. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
.139.9 1444 2.3 1.4 6.5 15.1 9.2 13.3 0.16
★★★ Franklin Build
India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 60.9 1028 2.3 1.3 2.8 13.1 9.6 18.2 0.18
★★★ L&T Infrastructure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . .. . . . . . . . 22.2 1251 2.3 1.2 4.3 13.0 7.1 13.9 0.12
★★★ SBI Infrastructure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . .. . . . . . . . 23.9 777 2.5 2.0 6.2 15.6 10.2 12.0 0.18
★★★ Sundaram Infra Advantage . . . . . . . . . . . . . . . . .. . . . . . . . 46.9
560 2.6 2.1 1.2 13.0 7.6 10.3 0.13
★★ Aditya Birla SL Infrastructure. . . . . . . . . . . . .. . . . . . . . 44.1 477
2.6 1.7 -6.0 12.5 5.0 12.1 0.09
★★ IDFC
Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . . . . 21.6 569 2.5 1.2 -4.6 13.4 5.6 9.7 0.10
★★ UTI
Infrastructure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . 38.1 1290 2.3 1.9 0.5 10.7 6.6 10.5 0.11
★ HDFC
Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
. . . 19.8 519 2.6 1.9 3.7 6.5 -0.3 7.0 0.02
★ HSBC Infrastructure Equity. . . . . . . . . . . . . . . . .. . . . . . . . 24.2
103 2.6 1.2 4.3 14.1 1.2 8.5 0.02
- BOI AXA Manufacturing & Infra. . . . . . . . .. . . . . . . . 26.6 69 2.6 1.3 2.0
20.8 11.8 12.9 0.21
- LIC MF Infrastructure. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . . . . 21.6 80 2.6 1.5 11.0 14.5 9.2 11.1 0.16
- Taurus Infrastructure. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . . . . 36.5 5 2.5 2.1 -0.3 15.5 9.9 12.2 0.17
EQUITY - SECTOR - BANKING FUNDS
★★★★★ SBI Banking & Fin
Serv. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 23.0 3129
1.9 0.8 -6.0 7.2 9.7 - 0.17
★★★★ Sundaram Fin Serv Opport . . . . . . . . . . . . . . . . . .. . . . . . . .
54.8 498 2.8 1.2 -4.9 7.8 7.4 11.8 0.14
★★★ ICICI Pru Banking & Fin Serv. . . . . . . . . . . . . . .. . . . . . . . 78.1
4745 1.9 1.1 -6.5 5.2 5.9 15.8 0.11
★★★ Invesco India Fin Serv . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
. . . . . . 69.4 390 2.6 1.8 -8.8 5.9 6.8 13.5 0.12
★★★ Nippon Ind Banking & Fin Serv . . . . . . . . . . .. . . . . .336.5 3064 2.1
1.4 -1.8 5.0 5.7 13.1 0.12
★★ Aditya Birla SL Bank & Fin Serv. . . . . . . . . .. . . . . . . . 34.5 2004 2.2
1.2 -7.6 5.2 5.5 - 0.11
★ UTI Banking and Fin Serv . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
41.3 675 2.7 1.4 -6.6 2.1 2.5 9.9 0.07
- Baroda BNP Paribas Bank&Fin Serv .. . . . . . . . 27.0 52 2.8 1.7 -5.3 3.7 5.8
10.4 0.11
- LIC MF Banking & Fin Serv. . . . . . . . . . . . . . . . . . .. . . . . . . .
12.9 55 2.8 1.5 -5.0 3.9 1.5 - 0.05
- Tata Banking and Fin Serv . . . . . . . . . . . . . . . . . . .. . . . . . . .
23.1 933 2.4 0.7 -7.9 5.7 6.5 - 0.12
- Taurus Banking & Fin Serv. . . . . . . . . . . . . . . . . . .. . . . . . . .
31.6 8 2.4 1.7 -4.4 6.1 7.9 10.8 0.14
EQUITY - SECTOR - IT FUNDS
- Aditya Birla SL Digital India. . . . . . . . . . . . . . . . .. . . . . .106.9
2939 2.1 0.9 -9.5 26.2 24.2 20.1 0.49
- Franklin Ind
Technology . . . . . . . . . . . . . . . . . . . . . . .. . . . . .268.6 657 2.5
1.5 -12.5 19.3 17.8 16.4 0.40
- ICICI Pru
Technology. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .124.5
8508 1.8 0.7 -7.5 28.0 25.4 21.4 0.51
BL Rating Scheme Name Latest Expense Ratio (%) Trailing Returns (%)
NAV
(₹)
Latest
Corpus
(₹ Cr)
Regular Direct 1 Year
CAGR
3 Year
CAGR
5 Year
CAGR
10 Year
CAGR
Sortino
Ratio
(%)
BL Rating Scheme Name Latest Expense Ratio (%) Trailing Returns (%)
NAV
(₹)
Latest
Corpus
(₹ Cr)
Regular Direct 1 Year
CAGR
3 Year
CAGR
5 Year
CAGR
10 Year
CAGR
Sortino
Ratio
(%)
BL Rating Scheme Name Latest Expense Ratio (%) Trailing Returns (%)
NAV
(₹)
Latest
Corpus
(₹ Cr)
Regular Direct 1 Year
CAGR
3 Year
CAGR
5 Year
CAGR
10 Year
CAGR
Sortino
Ratio
(%)
CM
YK
MUMBAI
10 BusinessLine SUNDAY • JULY 17 • 2022 STAR TRACK MF RATINGS
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CASH FUNDS
LIQUID FUNDS
- Aditya Birla SL Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
. . . .344.5 36735 0.3 0.2 5.0 4.2 3.9 3.7 0.20
- Axis
Liquid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . .. . . 2378.4 22426 0.2 0.1 4.9 4.3 3.9 3.7 -
- HDFC
Liquid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . 4200.6 50129 0.3 0.2 4.8 4.1 3.9 3.6 -
- ICICI Pru
Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . .316.8 43502 0.3 0.2 4.9 4.1 3.8 3.6 -
- IDFC
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . .. . . 2587.4 11912 0.2 0.1 4.9 4.2 3.9 3.6 -
- Kotak Liquid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . .. . . 4329.2 36176 0.3 0.2 4.8 4.1 3.8 3.6 -
- Nippon Ind
Liquid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
5224.6 27703 0.3 0.2 4.9 4.1 3.8 3.6 -
- SBI
Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. . . 3349.4 60187 0.3 0.2 4.8 4.1 3.8 3.6 -
- Tata Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . .. . . 3371.9 15412 0.3 0.2 4.8 4.1 3.8 3.6 -
- UTI Liquid
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . 3508.1 27586 0.2 0.1 4.9 4.2 3.9 3.7 -
OVERNIGHT FUNDS
- HDFC
Overnight . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . 3172.0 18603 0.2 0.1 4.5 4.0 3.7 3.4 -
- L&T Overnight . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . 1596.2 2088 0.2 0.1 4.5 4.1 3.7 3.5 -
- SBI
Overnight. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .. . . 3465.1 27286 0.2 0.1 4.5 4.1 3.7 3.5 -
- UTI
Overnight. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .. . . 2917.5 5933 0.1 0.1 4.6 4.2 3.8 3.5 -
ARBITRAGE FUNDS
- Aditya Birla SL Arbitrage. . . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 21.8 7725 1.0 0.3 3.0 3.0 3.4 3.3 -
- Axis
Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .. . . . . . . . 15.4 5303 1.1 0.3 2.2 3.2 3.8 3.8 -
- Edelweiss Arbitrage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . 15.9 6993 1.1 0.4 2.7 3.3 3.7 3.6 -
- HDFC
Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . . . . . 25.1 6739 1.0 0.4 3.0 3.2 3.4 3.2 -
- ICICI Pru Equity-Arbitrage. . . . . . . . . . . . . . . . . . .. . . . . . . .
28.1 13400 1.0 0.4 2.7 3.0 3.3 3.4 -
- IDFC Arbitrage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . . . . . . 26.6 4436 1.0 0.4 2.4 2.9 3.2 3.2 -
- Kotak Equity Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
. . . 30.5 25789 1.0 0.4 2.7 3.5 3.9 3.7 -
- Nippon Ind
Arbitrage. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
21.8 10809 1.1 0.3 2.6 3.1 3.4 3.5 -
- SBI Arbitrage
Opport. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 27.6
8375 0.8 0.4 3.3 3.4 3.9 3.9 -
- UTI
Arbitrage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . . . . . . 28.7 5261 0.9 0.3 2.4 3.0 3.3 3.4 -
BL Rating Scheme Name Latest Expense Ratio (%) Trailing Returns (%)
NAV
(₹)
Latest
Corpus
(₹ Cr)
Regular Direct 1 Year
CAGR
2 Year
CAGR
3 Year
CAGR
5 Year
CAGR
AA
& Below
(%)
DEBT FUNDS
DEBT - ULTRA SHORT DURATION FUNDS
★★★★★ Aditya Birla SL
Savings . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .444.9 14161 0.5
0.3 3.9 4.3 5.6 6.4 4.01
★★★★★ PGIM India Ultra Short Duration. . . . . . . .. . . . . . . . 28.2 496 0.7
0.3 3.3 3.5 6.0 7.0 -
★★★★ Kotak
Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . .. . . . . . . . 35.2 11303 0.8 0.3 3.5 3.5 4.8 5.8 1.92
★★★★ SBI Magnum Ultra Short Duration. . . . .. . . 4887.5 10273 0.5 0.3 3.5 3.6 4.8
6.0 -
★★★ BOI Ultra Short Duration . . . . . . . . . . . . . . . . . . . . . .. . .
2629.8 125 0.6 0.5 3.3 3.3 4.4 5.7 5.38
★★★ DSP Ultra Short . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . 2813.2 2536 1.0 0.3 3.1 3.1 4.1 4.8 0.88
★★★ IDBI Ultra Short Term. . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
. 2276.0 232 0.6 0.3 4.0 4.0 6.2 5.5 5.48
★★★ Invesco India Ultra Short Term . . . . . . . . . .. . . 2217.0 752 0.9 0.3 3.1
3.1 4.3 5.5 1.71
★★★ L&T Ultra Short Term . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
. . . . . . 35.8 1479 0.4 0.2 3.5 3.5 4.7 5.7 -
★★ Nippon Ind Ultra Short Duration . . . . . . . .. . . 3315.8 3399 1.1 0.3 3.9 5.7
4.5 5.1 14.29
★★ UTI Ultra Short
Term . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3491.6 1948 1.0
0.4 6.1 5.0 5.5 5.2 4.80
★ Canara Robeco Ultra Short Term. . . . . . .. . . 3157.5 543 1.0 0.4 2.8 2.8 3.9
4.8 -
★ Sundaram Ultra Short Duration . . . . . . . . .. . . 2254.2 1051 1.3 0.2 2.7 2.8
3.6 3.7 -
- Franklin Ind Ultra Short Bond . . . . . . . . . . . . .. . . . . . . . 34.7 295 -
0.0 13.9 11.0 8.8 8.8 -
- ICICI Pru Ultra Short Term. . . . . . . . . . . . . . . . . . .. . . . . . . .
22.7 10489 0.9 0.4 3.7 4.2 5.4 6.2 15.00
- Motilal Oswal Ultra Short Term . . . . . . . . .. . . . . . . . 14.0 71 1.1 0.6
2.6 2.7 3.6 1.6 -
- Navi Ultra Short Term . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
2251.9 12 1.7 0.7 2.1 2.0 3.1 4.4 -
DEBT - LOW DURATION FUNDS
★★★★★ Axis Treasury Advantage . . . . . . . . . . . . . . . . . . . . .. . . 2516.2
4889 0.6 0.2 3.5 3.9 5.5 6.3 4.05
★★★★★ HDFC Low
Duration. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . 47.1 16469 1.0 0.4 3.1 4.1 5.5 6.0 4.97
★★★★★ ICICI Pru Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .. . . . . .434.7 21430 0.5 0.4 2.9 4.0 5.7 6.4 1.76
★★★★ Aditya Birla SL Low Duration . . . . . . . . . . . . . .. . . . . .540.0 11141
1.2 0.4 3.3 3.9 5.5 6.2 11.99
★★★★ DSP Low
Duration. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . . . . 16.2 3545 0.6 0.3 3.3 3.7 5.6 6.1 -
★★★★ Invesco India Treasury Advantage. . . .. . . 3095.5 1596 0.7 0.3 3.1 3.6 5.3
6.1 -
★★★★ Kotak Low
Duration. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2739.3
6965 1.1 0.4 2.9 3.7 5.5 6.2 7.76
★★★ Baroda BNP Paribas Low Duration. . . .. . . . . . . . 33.0 191 1.0 0.4 2.7 3.4
5.1 5.7 -
★★★ Canara Robeco
Savings . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 34.5 1054
0.6 0.3 3.1 3.3 4.8 5.8 -
★★★ IDFC Low
Duration. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . .
. . . . 31.6 6421 0.6 0.3 3.1 3.5 5.2 6.0 -
★★★ JM Low Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .. . . . . . . . 30.5 142 0.8 0.2 3.3 3.4 8.1 5.2 -
★★★ Mahi Manu Low Duration . . . . . . . . . . . . . . . . . . . . .. . . 1346.5
485 1.2 0.4 2.8 3.3 4.7 5.5 5.09
★★★ Mirae Asset
Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1854.7 694
0.9 0.3 2.9 3.4 4.6 5.2 -
★★★ Nippon Ind Low Duration. . . . . . . . . . . . . . . . . . . . . .. . . 3068.8
6779 1.0 0.4 3.5 4.2 5.7 6.0 5.13
★★★ SBI Magnum Low Duration. . . . . . . . . . . . . . . . . .. . . 2865.6 10051
1.0 0.4 3.1 3.4 5.0 6.0 2.72
★★ L&T Low Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . .. . . . . . . . 23.1 809 0.9 0.3 3.1 3.7 5.0 5.3 3.87
★★ LIC MF Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . . . . . . 32.7 1230 0.8 0.3 3.0 3.6 5.2 5.2 -
★★ Tata Treasury Advantage. . . . . . . . . . . . . . . . . . . . .. . . 3217.7
2113 0.6 0.3 3.3 3.9 5.4 5.0 -
★★ UTI Treasury Advantage. . . . . . . . . . . . . . . . . . . . . . .. . . 2882.1
2630 0.4 0.3 8.8 6.5 7.3 4.7 -
★ HSBC Low Duration. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . 16.9 204 0.6 0.2 2.9 3.3 3.7 2.8 -
★ PGIM India Low Duration . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
24.3 101 1.2 0.4 3.0 3.7 3.8 1.4 9.91
★ Sundaram Low Duration. . . . . . . . . . . . . . . . . . . . . . .. . . 2850.2
473 0.9 0.3 3.2 3.4 4.4 1.5 3.82
- Franklin Ind Low Duration. . . . . . . . . . . . . . . . . . . .. . . . . . . .
15.0 51 0.0 0.0 37.4 23.7 13.3 10.1 -
DEBT - MONEY MARKET FUNDS
★★★★★ Aditya Birla SL Money Manager . . . . . . . .. . . . . .299.3 12135 0.3 0.2
3.8 4.0 5.3 6.3 -
★★★★★ HDFC Money
Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4637.1 12713
0.4 0.2 3.8 3.9 5.2 6.1 -
★★★★ Nippon Ind Money Market . . . . . . . . . . . . . . . . . . .. . . 3358.9 9123
0.3 0.2 3.9 4.0 5.1 6.2 -
★★★★ UTI Money
Market. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
2493.9 8198 0.3 0.2 3.9 3.9 5.1 6.1 -
★★★ Franklin Ind Savings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 40.7 842 0.3 0.1 3.5 3.6 5.0 6.1 -
★★★ ICICI Pru Money
Market. . . . . . . . . . . . . . . . . . . . . . .. . . . . .307.3 10660 0.3 0.2
3.7 3.8 5.1 6.1 -
★★★ Kotak Money
Market. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3640.6 14188
0.4 0.3 3.9 3.9 5.0 6.0 -
★★★ SBI Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . .. . . . . . . . 34.0 19884 0.8 0.2 3.3 3.5 4.7 5.6 -
★★ L&T Money
Market. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . 21.6 852 0.7 0.2 3.1 3.0 5.0 5.7 -
★★ Tata Money
Market. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3823.5
6743 0.3 0.1 3.8 4.0 5.2 4.6 -
★ IDFC Money
Manager. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 33.2
2851 0.9 0.2 3.1 3.0 4.1 5.0 -
★ Invesco India Money Market. . . . . . . . . . . . . . .. . . 2489.5 1814 0.6 0.3
3.0 3.3 4.5 5.6 -
- DSP
Savings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . .. . . . . . . . 43.0 2408 0.5 0.3 3.0 3.3 4.7 5.7 -
- Edelweiss Money Market. . . . . . . . . . . . . . . . . . . . .. . . . . . . .
23.6 340 1.2 0.4 2.8 2.7 4.1 5.7 -
DEBT - SHORT DURATION FUNDS
★★★★★ Aditya Birla SL Short Term . . . . . . . . . . . . . . . . . .. . . . . . . .
38.5 4631 1.1 0.4 3.5 4.9 6.5 6.7 14.21
★★★★★ ICICI Pru Short
Term . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 48.1
15492 1.1 0.4 3.3 4.2 6.6 6.6 9.45
★★★★ Axis Short Term. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . . . . . . 25.0 6539 1.0 0.3 3.0 3.8 6.2 6.6 1.11
★★★★ HDFC Short Term Debt. . . . . . . . . . . . . . . . . . . . . . . . . .. . . .
. . . . 25.7 13834 0.7 0.3 2.8 4.0 6.6 6.9 5.66
★★★★ Nippon Ind Short
Term. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 42.7 7284
1.2 0.4 2.7 4.1 6.2 6.2 7.10
★★★ DSP Short Term. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .. . . . . . . . 38.1 2641 0.9 0.3 2.2 3.2 5.6 5.9 -
★★★ IDFC Bond - Short
Term. . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 46.2 10297 0.8
0.3 2.0 3.1 5.8 6.3 -
★★★ Invesco India Short Term . . . . . . . . . . . . . . . . . . . . .. . . 2916.9
596 1.3 0.4 1.9 2.6 5.3 5.7 -
★★★ Kotak Bond Short
Term . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 42.5 13114 1.2
0.3 2.4 3.2 5.8 6.2 -
★★★ L&T Short Term Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . . . . 21.6 3895 0.8 0.3 2.0 2.9 5.6 6.1 -
★★★ SBI Short Term Debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . 26.1 11159 0.8 0.3 2.7 3.2 5.8 6.2 -
★★ Baroda BNP Paribas Short Duration .. . . . . . . . 23.7 307 1.0 0.4 2.2 3.4 5.0
6.0 0.83
★★ Tata Short Term
Bond . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 39.3 2378
1.2 0.4 2.2 2.8 5.4 4.7 -
★★ UTI Short Term
Income. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.7 2264
1.0 0.3 7.7 6.1 8.0 4.7 6.63
★ HSBC Short
Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
32.1 155 0.7 0.3 2.1 2.8 4.2 3.2 -
★ Sundaram Short Duration . . . . . . . . . . . . . . . . . . . .. . . . . . . .
35.9 214 1.0 0.4 3.0 3.3 5.8 4.0 4.08
- Bank of India Short Term Income. . . . . .. . . . . . . . 20.3 45 1.1 0.9 17.2
10.4 3.8 2.1 10.85
- Canara Robeco Short Duration. . . . . . . . . . .. . . . . . . . 21.0 609 1.0 0.4
2.1 2.9 5.2 5.7 -
- Franklin Ind Short Term Income . . . . . . . .. . . 4725.7 575 0.3 0.0 19.3 11.7
5.3 6.2 85.75
- IDBI Short Term
Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 22.4 30
1.1 0.3 10.7 7.9 7.3 6.1 9.87
- Indiabulls Short Term. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
1730.6 24 1.4 0.1 1.3 2.1 2.8 4.6 7.73
- Mirae Asset Short
Term. . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 12.9 444 1.1 0.3
2.3 3.0 5.3 - -
- PGIM India Short Duration. . . . . . . . . . . . . . . . . . .. . . . . . . .
36.7 27 1.2 0.4 2.2 3.0 6.6 3.7 -
★★★ ICICI Pru Banking & PSU Debt . . . . . . . . . . . .. . . . . . . . 26.3 9926
0.8 0.4 3.6 4.1 6.0 6.3 -
★★ Sundaram Banking & PSU Debt. . . . . . . . . .. . . . . . . . 34.9 791 0.4 0.2
1.9 2.8 5.1 5.8 -
★★ UTI Banking & PSU Debt. . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 17.8 303 0.3 0.2 9.2 6.3 6.9 5.4 -
★ Invesco India Banking & PSU Debt. . . .. . . 1839.5 234 0.7 0.3 0.7 1.8 5.0 5.9 -
★ L&T Banking and PSU Debt. . . . . . . . . . . . . . . . . .. . . . . . . . 19.9
4396 0.6 0.2 0.7 2.5 5.6 6.0 -
- Aditya Birla SL Bank & PSU Debt . . . . . . .. . . . . .297.1 10369 0.7 0.3 3.1
3.8 6.3 6.8 -
- LIC MF Banking & PSU Debt . . . . . . . . . . . . . . . .. . . . . . . . 28.4
1301 0.8 0.3 2.4 2.8 5.1 6.3 -
- PGIM India Banking & PSU Debt . . . . . . . .. . . . . . . . 19.9 69 0.8 0.3 2.9
3.6 6.1 6.5 -
- SBI Banking and
PSU . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2539.2 5765 0.8
0.4 2.1 2.8 5.7 6.6 -
DEBT - GILT FUND WITH 10 YEAR CONSTANT DURATION
- DSP 10Y G-
Sec. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 17.1 57 0.5 0.3 -3.1 -0.5 3.4 4.6 -
- ICICI Pru Constant Maturity Gilt. . . . . . . .. . . . . . . . 19.2 507 0.4 0.2 -
0.2 1.6 5.3 7.0 -
- IDFC G-Secs - Constant Maturity. . . . . . .. . . . . . . . 35.6 233 0.6 0.5 -1.1
0.6 4.6 7.7 -
- SBI Magnum Constant Maturity . . . . . . . .. . . . . . . . 49.9 1142 0.6 0.3 0.0
1.2 4.3 6.9 -
DEBT - GILT FUNDS
★★★★★ Edelweiss G-Secs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .. . . . . . . . 19.7 106 1.3 0.7 1.6 3.7 5.6 7.2 -
★★★★★ SBI Magnum Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .. . . . . . . . 52.2 3566 0.9 0.5 2.5 2.8 5.7 6.3 -
★★★★ DSP G-Secs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . .. . . . . . . . 76.1 408 1.1 0.5 2.1 2.7 6.0 6.7 -
★★★★ IDFC G-Secs -
Investment . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.3 1366 1.2 0.6
0.9 1.8 5.6 6.6 -
★★★ Aditya Birla SL G-
Secs. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 65.4 1185
0.9 0.3 1.8 2.4 5.2 6.1 -
★★★ ICICI Pru Gilt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. . . . . . . . 80.6 2334 1.2 0.6 2.7 2.7 6.0 6.2 -
★★★ Kotak Gilt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . .. . . . . . . . 77.5 1672 1.5 0.7 1.4 2.1 4.8 5.6 -
★★★ Nippon Ind Gilt Securities . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 30.5 1174 1.6 0.6 0.5 1.1 4.5 6.0 -
★★★ PGIM India
Gilt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 24.6 148 1.1 0.3 1.6 2.3 4.2 5.7 -
★★★ UTI
Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . .. . . . . . . . 50.4 516 0.9 0.6 1.6 1.6 4.4 5.6 -
★★ HDFC
Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. . . . . . . . 44.4 1666 0.9 0.5 1.0 1.7 4.5 4.8 -
★★ L&T Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . .. . . . . . . . 54.5 236 1.7 0.5 0.8 1.3 3.9 4.8
-
★ Franklin Ind G-Secs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 48.7 154 1.0 0.6 2.1 1.7 3.8 3.9 -
★ Tata Gilt Securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . . . . . 62.6 239 1.7 0.9 1.1 1.0 3.2 4.4 -
- Axis
Gilt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . .. . . . . . . . 20.4 121 1.0 0.4 1.8 2.8 5.8 6.1 -
- Baroda BNP Paribas Gilt. . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 33.7 26 1.9 1.1 0.6 1.2 3.7 4.9 -
- Canara Robeco Gilt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 61.3 85 1.3 0.5 1.3 1.6 4.1 4.9 -
- IDBI
Gilt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . .. . . . . . . . 17.3 10 1.2 0.4 -0.1 1.0 3.1 3.6 -
- Invesco India
Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
2285.7 20 1.3 0.7 1.7 0.9 3.0 4.3 -
- LIC MF G-
Secs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . . . . . 49.1 55 1.5 1.2 1.0 1.9 4.7 5.8 -
DEBT - FLOATER FUNDS
★★★★★ HDFC Floating Rate Debt. . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . 39.8 16399 0.5 0.3 3.2 4.5 6.1 6.6 7.75
★★★★ Nippon Ind Floating Rate. . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . 36.4 13099 0.6 0.3 3.1 4.2 6.7 6.6 -
★★★ Aditya Birla SL Floating Rate. . . . . . . . . . . . . . .. . . . . .280.3
13363 0.5 0.2 3.7 4.3 6.0 6.6 -
★★ ICICI Pru Floating
Interest . . . . . . . . . . . . . . . . . . .. . . . . .337.4 12399 1.3 0.6 2.2
4.0 5.8 6.2 4.73
★ Franklin Ind Floating Rate. . . . . . . . . . . . . . . . . . . .. . . . . . . .
32.6 323 1.0 0.3 2.7 3.6 4.7 5.5 6.23
BL Rating Scheme Name Latest Expense Ratio (%) Trailing Returns (%)
NAV
(₹)
Latest
Corpus
(₹ Cr)
Regular Direct 1 Year
CAGR
3 Year
CAGR
5 Year
CAGR
10 Year
CAGR
Sortino
Ratio
(%)
OVERSEAS FUNDS
OVERSEAS FUNDS - GLOBAL
- Aditya Birla SL Global Eme Oppo. . . . . . .. . . . . . . . 18.0 251 1.2 0.7 -
13.5 12.2 9.3 4.0 0.22
- Aditya Birla SL Interna Equity A. . . . . . . . .. . . . . . . . 27.3 109 2.5 1.8
-10.6 8.7 10.1 9.7 0.23
- ICICI Pru Global Stable Eq (FOF) . . . . . . .. . . . . . . . 20.0 101 1.5 1.3 -
3.2 9.4 8.2 - 0.19
- PGIM India Global Equity Opport. . . . . . .. . . . . . . . 25.4 1203 2.3 1.1 -
31.0 10.0 12.4 6.8 0.24
- Sundaram Global Brand. . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 20.9 112 1.9 1.1 -18.3 7.8 6.4 5.4 0.14
OVERSEAS FUNDS - EMERGING MARKETS
- Edelweiss EM Opport Eq Offshore . . . .. . . . . . . . 12.8 115 2.3 1.4 -28.6 0.4
3.2 - 0.07
- Edelweiss Gr China Eq Off-Shore . . . . . .. . . . . . . . 37.6 1712 2.4 1.4 -
33.0 11.5 10.3 12.1 0.25
- HSBC Global EM. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . .. . . . . . . . 16.9 14 2.4 1.7 -17.3 7.3 5.4 6.0 0.11
- Kotak Global Emerging Market. . . . . . . . . .. . . . . . . . 18.6 129 1.7 1.2 -
21.0 5.8 5.2 6.0 0.13
- Nippon Ind ETF Hang Seng BeES . . . . . . .. . . . . .275.6 95 0.9 - -21.3 -4.2
1.1 6.7 0.01
OVERSEAS FUNDS - US FOCUSED
- DSP US Flexible
Equity. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 37.6 634
2.4 1.5 -8.2 14.5 13.4 - 0.32
- Edelweiss US Value Eq Offshore. . . . . . . .. . . . . . . . 22.5 74 2.4 1.5 -1.4
12.2 10.6 - 0.19
- Franklin In Fdr - Franklin US Opp. . . . . . .. . . . . . . . 42.0 2888 1.5 0.5 -
27.6 8.6 12.9 14.6 0.26
- ICICI Pru US Bluechip Equity. . . . . . . . . . . . . . .. . . . . . . . 40.8
1866 2.1 1.1 -10.5 14.0 14.0 14.9 0.33
- Motilal Oswal Nasdaq 100 ETF . . . . . . . . . . .. . . . . . . . 92.0 4911 0.6 -
-15.2 20.0 20.1 20.5 0.43
BL Rating Scheme Name Latest Expense Ratio (%) Trailing Returns (%)
NAV
(₹)
Latest
Corpus
(₹ Cr)
Regular Direct 1 Year
CAGR
3 Year
CAGR
5 Year
CAGR
10 Year
CAGR
Sortino
Ratio
(%)
SOLUTION ORIENTED FUNDS
SOLUTION ORIENTED - CHILDREN'S FUNDS
- Axis Children's Gift. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . . . . . 18.4 640 2.5 1.2 -1.7 11.2 9.5 - 0.19
- HDFC Children's
Gift. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .179.0
5217 2.0 1.1 2.0 14.0 10.6 14.7 0.23
- ICICI Pru Child Care (Gift Plan). . . . . . . . . .. . . . . .185.8 801 2.4 1.6
3.8 9.2 7.8 12.5 0.16
- LIC MF Children's Gift . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . . . . 22.2 13 2.5 1.9 -1.6 8.9 5.0 8.7 0.07
- SBI Mag Children's Benefit - Sav . . . . . . .. . . . . . . . 75.1 85 1.2 0.8 5.9
10.5 8.4 11.5 0.36
- Tata Young
Citizens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 37.6 238 2.8 1.8 -0.9 14.8 8.3 10.6 0.14
- UTI CCF- Investment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
. . . . . . 54.4 580 2.8 1.6 -2.5 15.0 9.7 13.2 0.18
- UTI CCF-
Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
. . . . . . 29.6 3966 1.8 1.6 3.9 9.2 6.2 10.2 0.13
SOLUTION ORIENTED - RETIREMENT FUNDS
- Franklin Ind Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . .154.8 426 2.3 1.5 -0.4 6.3 5.6 9.6 0.12
- HDFC Retirement Savings - Equity. . . .. . . . . . . . 27.9 2088 2.2 0.9 3.0 18.2
12.1 - 0.25
- HDFC Retire Savings-Hybrid-Debt . . . .. . . . . . . . 16.3 142 2.2 1.0 1.4 6.7
5.9 - 0.24
- HDFC Retire Savings Hybrid Eq. . . . . . . . . .. . . . . . . . 24.0 797 2.4 1.1
-0.1 12.6 9.8 - 0.22
- LIC MF Unit Linked Insurance . . . . . . . . . . . . .. . . . . . . . 25.4 388
2.5 1.6 3.3 10.8 8.9 10.5 0.17
- Nippon Ind Retire-Income Gene. . . . . . . . .. . . . . . . . 15.0 192 2.2 1.2 -
1.1 2.9 4.3 - 0.09
- Nippon Ind Retire-Wealth Cre . . . . . . . . . . . .. . . . . . . . 16.1 2084 2.1
1.2 -0.4 6.3 5.1 - 0.09
- Tata Retirement Savings Con . . . . . . . . . . . . .. . . . . . . . 24.1 179 2.2
1.0 -0.6 6.2 5.6 8.6 0.16
- Tata Retirement Savings Moderate. .. . . . . . . . 39.5 1481 2.1 0.7 -2.7 10.4
7.8 13.8 0.15
- Tata Retirement Savings Progre . . . . . . .. . . . . . . . 38.6 1132 2.3 0.7 -
4.9 10.3 8.1 13.5 0.15
- UTI-Retirement Benefit Pension . . . . . . . .. . . . . . . . 33.9 3492 1.8 1.0
4.9 10.0 6.3 9.4 0.15
Source : ACE MF. NAV for the growth option as on 15-07-2022. Returns for regular
plans considered.
DEBT - MEDIUM DURATION FUNDS
★★★★★ SBI Magnum Medium Duration. . . . . . . . . .. . . . . . . . 41.0 9384 1.2
0.7 2.5 4.3 6.9 7.0 16.68
★★★★ Axis Strategic Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . . . . . 22.3 1682 1.3 0.4 3.5 5.2 6.8 6.6 30.92
★★★★ ICICI Pru Medium Term Bond. . . . . . . . . . . . .. . . . . . . . 35.9 6355
1.4 0.7 3.5 5.5 7.2 6.6 38.88
★★★ HDFC Medium Term Debt . . . . . . . . . . . . . . . . . . . .. . . . . . . .
45.4 3612 1.3 0.6 2.5 4.8 6.1 6.3 24.43
★★★ IDFC Bond - Medium Term. . . . . . . . . . . . . . . . . . .. . . . . . . .
37.4 2299 1.5 0.8 0.7 1.9 4.9 5.7 -
★★★ Kotak Medium
Term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
18.3 1915 1.6 0.5 3.3 4.9 6.0 5.7 12.07
★★★ L&T Resurgent India Bond . . . . . . . . . . . . . . . . . . .. . . . . . . .
16.4 701 1.5 0.6 2.1 4.7 5.7 5.4 8.17
★★ Aditya Birla SL Medium Term. . . . . . . . . . . . .. . . . . . . . 30.5 1416
1.6 0.9 23.9 16.4 9.5 7.6 45.71
★★ DSP
Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . .. . . . . . . . 65.8 346 0.7 0.4 2.1 3.0 5.2 4.4 -
★ Nippon Ind Strategic Debt . . . . . . . . . . . . . . . . . . .. . . . . . . .
12.5 190 2.0 1.4 1.6 9.4 -3.7 -1.6 26.48
- Baroda BNP Paribas Med Duration . . .. . . . . . . . 15.2 43 1.0 0.7 1.3 1.9 3.8
2.6 -
- Franklin Ind Income Opport . . . . . . . . . . . . . . . .. . . . . . . . 24.9 10
- - 15.6 4.5 4.8 6.1 -
- Sundaram Medium Term Bond . . . . . . . . . .. . . . . . . . 58.2 49 2.2 1.1 -0.1
1.0 3.0 4.2 -
- Tata Medium
Term. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 29.5 77 1.4 0.5 2.5 3.9 6.4 2.3 17.18
- UTI Medium
Term. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
. . . 14.9 60 1.6 1.0 4.9 4.3 2.9 4.0 21.56
DEBT - MEDIUM TO LONG DURATION FUNDS
★★★★★ SBI Magnum Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . 56.6 1543 1.5 0.8 1.6 3.3 6.4 6.3 23.59
★★★★ Aditya Birla SL Income. . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . .101.5 1533 0.9 0.7 2.1 3.0 5.7 5.9 -
★★★★ ICICI Pru Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . .. . . . . . . . 31.8 2576 1.2 0.6 1.7 2.7 6.0 6.1 -
★★★ Canara Robeco
Income. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 46.0 125 1.9
0.9 0.5 1.3 4.2 5.2 -
★★★ IDFC Bond - Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 53.7 542 2.0 1.3 -0.1 0.8 4.2 5.3 -
★★★ Kotak Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . .. . . . . . . . 61.9 1551 1.8 0.9 1.3 2.1 4.9 5.3 -
★★★ Nippon Ind Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . . . . . 71.7 220 1.7 0.6 0.8 1.1 4.3 5.4 -
★★ HDFC
Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .. . . . . . . . 46.9 518 2.1 0.5 -0.4 1.2 3.8 4.0 -
★★ LIC MF
Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . .. . . . . . . . 57.5 102 1.6 1.0 0.3 0.8 3.8 4.7 -
★ UTI
Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . .. . . . . . . . 59.1 294 1.6 1.3 16.1 8.7 5.3 2.8 3.35
- HSBC
Debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . .. . . . . . . . 34.8 40 2.1 1.2 0.1 0.8 3.3 4.5 -
- JM Medium to Long Duration. . . . . . . . . . . . . .. . . . . . . . 50.2 21 1.0
0.5 0.1 0.6 2.3 1.5 -
- Tata
Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . . . . . . 66.1 51 2.0 1.0 0.7 1.8 5.0 4.9 -
DEBT - LONG DURATION FUNDS
- ICICI Pru Long Term Bond . . . . . . . . . . . . . . . . . . .. . . . . . . .
70.5 595 2.0 1.4 -1.0 0.0 3.3 5.3 -
DEBT - DYNAMIC BOND FUNDS
★★★★★ DSP Strategic Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . 2693.7 497 1.1 0.5 2.2 2.2 6.2 6.0 -
★★★★★ ICICI Pru All Seasons Bond . . . . . . . . . . . . . . . . . .. . . . . . . .
29.3 5616 1.4 0.6 3.0 4.2 6.7 6.6 24.18
★★★★ IIFL Dynamic Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . .. . . . . . . . 17.9 576 0.5 0.4 4.0 5.1 6.0 6.0 -
★★★★ Kotak Dynamic
Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.1
2065 1.1 0.4 2.2 3.0 5.6 6.8 -
★★★★ SBI Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . .. . . . . . . . 28.4 2313 1.6 0.9 2.0 2.2 5.1 5.9 -
★★★ Axis Dynamic
Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 23.6 1681 0.7 0.3 1.4 2.3 5.9 6.3 -
★★★ HDFC Dynamic Debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . 72.5 473 1.7 0.5 0.3 4.5 6.1 4.4 1.29
★★★ IDFC Dynamic
Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
27.6 2504 1.6 0.8 0.6 1.5 5.1 5.9 -
★★★ Mirae Asset Dynamic Bond. . . . . . . . . . . . . . . . . .. . . . . . . . 13.4
240 1.1 0.2 0.3 1.3 4.3 5.4 -
★★★ PGIM India Dynamic Bond . . . . . . . . . . . . . . . . . . .. . . 2147.8 131
1.7 0.5 2.0 2.5 4.7 5.6 -
★★★ Tata Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 34.1 142 0.7 0.3 4.2 4.1 5.8 5.3 -
★★★ Union Dynamic
Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.0
102 1.5 1.2 0.2 1.1 4.2 4.9 -
★★ Baroda BNP Paribas Dynamic Bond. .. . . . . . . . 36.7 121 1.7 0.7 1.5 1.5 3.9
4.5 -
★★ Canara Robeco Dynamic Bond . . . . . . . . . . .. . . . . . . . 24.3 123 1.8 0.7
1.1 1.4 3.7 4.5 -
★★ Nippon Ind Dynamic Bond. . . . . . . . . . . . . . . . . . . .. . . . . . . .
29.6 3070 0.7 0.3 1.6 2.0 4.5 5.0 -
★ Aditya Birla SL Dynamic Bond . . . . . . . . . . . .. . . . . . . . 37.0 1401 1.7
1.0 5.2 5.5 4.0 4.1 28.84
★ UTI Dynamic
Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .
. . 25.2 363 1.6 1.0 18.7 9.8 8.3 4.9 2.72
- Franklin Ind Dynamic Accrual. . . . . . . . . . . . .. . . . . . . . 93.5 99 0.0
0.0 30.9 18.4 11.3 9.9 -
- HSBC Flexi Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .. . . . . . . . 28.5 53 1.7 1.0 0.4 1.1 3.6 4.5 -
- IDBI Dynamic
Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
. 17.9 16 1.2 0.4 2.0 3.5 5.2 4.4 1.29
- JM Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . . . . . 33.7 50 1.0 0.6 3.1 3.2 4.7 5.7 -
- L&T Flexi Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . .. . . . . . . . 24.0 54 1.6 0.9 1.9 2.0 4.8 5.6 -
- Quantum Dynamic Bond. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .
17.1 84 0.7 0.6 3.2 3.7 5.7 5.8 -
DEBT - CORPORATE BOND FUNDS
★★★★★ Aditya Birla SL Corporate Bond . . . . . . . . .. . . . . . . . 90.2 13326
0.4 0.3 3.1 4.2 6.8 7.1 0.08
★★★★ ICICI Pru Corporate
Bond . . . . . . . . . . . . . . . . . . . .. . . . . . . . 23.8 15110 0.6 0.3 3.5
4.1 6.6 6.8 -
★★★★ Sundaram Corporate Bond. . . . . . . . . . . . . . . . . .. . . . . . . . 32.7
1057 0.5 0.3 2.8 3.8 6.7 6.6 -
★★★ HDFC Corporate Bond. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . .
. . . . 26.0 21663 0.6 0.3 2.5 3.7 6.4 6.9 -
★★★ Kotak Corporate Bond. . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
3036.7 8902 0.7 0.4 3.1 4.0 6.1 6.8 -
★★★ Nippon Ind Corporate Bond. . . . . . . . . . . . . . . . .. . . . . . . . 47.9
2019 0.6 0.3 3.5 4.9 6.4 6.5 5.78
★★ Canara Robeco Corporate Bond . . . . . . . .. . . . . . . . 18.0 212 1.0 0.4 2.1
3.0 5.4 5.8 -
★★ L&T Triple Ace Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . 58.9 7220 0.6 0.3 2.0 2.5 5.9 6.9 -
★ IDFC Corporate Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .
. . . . . 15.6 16654 0.6 0.3 2.2 3.3 6.3 6.4 -
- Axis Corporate Debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . 13.8 3520 0.9 0.3 2.9 4.1 6.8 6.6 -
- Baroda BNP Pari Corporate Bond. . . . . .. . . . . . . . 22.1 28 0.6 0.3 0.5 2.1
5.0 3.9 -
- Franklin Ind Corporate Debt. . . . . . . . . . . . . . . .. . . . . . . . 80.4
757 1.0 0.8 2.6 4.3 5.6 6.5 2.45
- Invesco India Corporate Bond . . . . . . . . . . . .. . . 2573.6 2566 0.9 0.4 2.2
3.4 6.1 5.4 -
- PGIM India Corporate Bond . . . . . . . . . . . . . . . .. . . . . . . . 35.4 65
1.2 0.3 2.9 4.0 6.0 5.8 -
DEBT - CREDIT RISK FUNDS
★★★★★ HDFC Credit Risk
Debt . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.4 8576
1.6 1.0 3.6 6.5 7.5 6.9 44.90
★★★★★ ICICI Pru Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . . . . . 25.3 7925 1.5 0.9 4.6 6.3 7.6 7.3 54.12
★★★★ Baroda BNP Paribas Credit Risk . . . . . . . .. . . . . . . . 17.7 202 1.6 0.8
12.6 13.2 7.8 6.6 51.48
★★★★ SBI Credit
Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . . . . . 36.3 2987 1.6 0.9 3.9 5.4 6.5 6.2 43.80
★★★ Aditya Birla SL Credit
Risk . . . . . . . . . . . . . . . . . . .. . . . . . . . 16.7 1208 1.9 1.1 6.6 7.8
6.2 6.1 50.46
★★★ DSP Credit
Risk. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . 33.0 250 1.6 0.8 7.7 6.8 5.4 3.7 58.26
★★★ IDFC Credit
Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
. . . . . . 13.6 695 1.6 0.7 2.5 3.6 5.2 5.5 0.73
★★★ Kotak Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . .. . . . . . . . 24.1 1578 1.7 0.7 1.2 3.8 5.0 5.6 57.39
★★★ L&T Credit
Risk. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . 23.6 164 1.7 0.9 4.3 5.0 3.9 4.3 58.99
★★ Invesco India Credit Risk. . . . . . . . . . . . . . . . . . . . . .. . . 1485.6
130 1.5 0.3 1.7 2.6 4.7 2.5 3.20
★★ Nippon Ind Credit
Risk . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 27.8 1022
1.6 1.0 4.3 9.5 3.1 3.7 49.23
★ Bank of India Credit
Risk . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 10.3 166 1.6 1.3
142.0 66.1 13.5 -4.0 65.69
★ UTI Credit
Risk. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . 13.9 505 1.6 0.9 19.8 12.3 -5.5 -1.8 55.87
- Axis Credit
Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . 17.3 671 1.7 0.8 3.8 5.6 6.4 5.6 52.53
- Franklin Ind Credit Risk . . . . . . . . . . . . . . . . . . . . . . . .. . . . .
. . . 23.8 335 0.0 0.0 14.0 12.7 6.5 6.8 60.80
- IDBI Credit
Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
. . . . . . . 15.3 32 1.4 0.6 13.4 10.6 3.3 2.9 64.71
DEBT - BANKING AND PSU FUNDS
★★★★★ Axis Banking & PSU Debt . . . . . . . . . . . . . . . . . . . . .. . . 2154.6
14331 0.6 0.3 3.2 3.8 6.2 7.1 -
★★★★★ IDFC Banking & PSU
Debt . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.1 16383 0.6 0.3 2.8
3.7 6.6 7.2 -
★★★★ Kotak Banking and PSU Debt. . . . . . . . . . . . . .. . . . . . . . 52.8 7014
0.7 0.3 3.2 3.8 6.3 6.9 2.00
★★★★ Nippon Ind Banking & PSU Debt . . . . . . . .. . . . . . . . 16.8 4069 0.7 0.3
2.6 3.6 6.4 6.8 -
★★★ DSP Banking & PSU
Debt. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.5 2445 0.6 0.3
2.5 3.3 6.3 6.5 -
★★★ Edelweiss Banking and PSU Debt. . . . . .. . . . . . . . 19.8 395 0.6 0.3 2.4
3.1 6.5 7.4 -
★★★ Franklin Ind Banking & PSU Debt . . . . . .. . . . . . . . 18.2 737 0.5 0.2 2.6
3.3 5.9 6.8 1.35
★★★ HDFC Banking and PSU Debt . . . . . . . . . . . . . .. . . . . . . . 18.6 5654
0.8 0.4 2.7 3.9 6.4 6.6 3.73
BL Rating Scheme Name Latest Expense Ratio (%) Trailing Returns (%)
NAV
(₹)
Latest
Corpus
(₹ Cr)
Regular Direct 1 Month
Absolute
3 Month
Absolute
6 Month
Absolute
1 Year
CAGR
AA
&Below
(%)
BL Rating Scheme Name Latest Expense Ratio (%) Trailing Returns (%)
NAV
(₹)
Latest
Corpus
(₹ Cr)
Regular Direct 1 Year
CAGR
2 Year
CAGR
3 Year
CAGR
5 Year
CAGR
AA
&Below
(%)
BL Rating Scheme Name Latest Expense Ratio (%) Trailing Returns (%)
NAV
(₹)
Latest
Corpus
(₹ Cr)
Regular Direct 1 Year
CAGR
2 Year
CAGR
3 Year
CAGR
5 Year
CAGR
AA
&Below
(%)
Our rating is based on the historical performance
of funds (regular plans) measured
both in terms of return (rolling return) and
risk (sortino ratio).
Rolling returns help identify schemes that have
delivered relatively consistent returns during various
market cycles and over the long run. We have
considered one,
threeand
fiveyear
rolling returns
for a total of sevenyear
NAV history for equity and
hybrid funds. For debtoriented
funds, we have considered
one,
twoand
threeyear
rolling returns for
a total of fiveyear
NAV history. Sortino ratio measures
the performance of the schemes during downtrends,
thus capturing the downside risk. Oneyear
trailing return is also considered to assess the
fund’s recent performance.
To arrive at the final score, we have assigned a 60
per cent weightage for past performance based on
rolling returns. Sortino ratio and oneyear
performance
is given a 30 per cent and 10 per cent weightage
respectively. The final score is used to rate funds
within each categor y, from 5star
to 1star,
with 5star
being the best rating. Ratings for all funds now
are based on data as on June 1, 2022.
Additions
We ha ve newly introduced Passive, Cash and
Overseas categories. Under international funds, we
have showcased select global funds under three
subgroups
— USfocused,
emerging markets and
global. Under the passive category, we have cherrypicked
funds based on metrics such as relatively low
tracking error, higher trading volumes in ETFs
(to ensure enough liquidity) and higher AUMs.
Expense ratio for both direct and regular plans
are disclosed now. For equity, passive, overseas and
solutionfund
categories, 10year
returns have been
brought in to give longterm
investors, a perspective.
Three new metrics for all funds — sortino ratio
(equity, solution, overseas categories), tracking error
(passive) and exposure to ‘AA & below’ rated instruments
(debt, cash categories) are also added.
While the ratings will be revised only at fixed intervals,
returns data shown here are updated weekly.
For other metrics, the latest a vailable data is considered.
Ratings exclusions
Funds with a corpus of less than ₹100 crore, those
that have less than a sevenyear
or fiveyear
NAV history,
categories that have less than five funds, and
schemes that have undergone a drastic change in
their mandate and portfolio (including multicap
category) are not rated. Retirement funds, children’s
funds and overseas funds are also not rated
as the in vestment styles of funds within each of
these categories are not homogeneous. Passive
funds cannot be rated based on return metrics and
hence excluded. Since liquid, overnight and arbitrage
funds are predominantly shortterm
parking
grounds for cash, we haven’t rated these as well.
Our Ratings Methodology
CM
YK
MUMBAI
BusinessLine 11 SUNDAY • JULY 17 • 2022 STAR TRACK MF RATINGS
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selection of news under the PRB Act). ISSN 0971 - 7528
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CM
YK
MUMBAI
12 BusinessLine SUNDAY • JULY 17 • 2022 NEWS
OUR BUREAU
..........................................
Mumbai, July 16
The Reserve Bank of India
(RBI) and Bank Indonesia (BI)
signed a Memorandum of
Understanding (MoU) on Saturday
in Bali to improve mutual
cooperation.
With this MoU , the two
central banks have committed
to deepening relations by
strengthening exchange of
information and cooperation
in areas such as payment
systems, digital innovation
in payments services,
and regulatory and supervisory
framework for Anti
Money Laundering and Combating
the Financing of Terrorism
(AMLCFT),
the Reserve
Bank of India said in a
statement.
Mutual understanding
The MoU , which was signed
by RBI Deputy Governor Michael
Debabrata Patra and BI
Deputy Governor Dody Budi
Waluyo on the sidelines of
the G20 Finance Ministers
and Central Bank Governors
meeting, will be implemented
through policy dialogue,
technical cooperation, exchange
of information, and
joint work, it added.
The MoU will also provide
a basis for promoting mutual
understanding, developing
efficient payment systems,
and achieving
crossborder
payment connectivity.
‘Will deepen relations’
RBI Governor Shaktikanta
Das noted that “given our
shared goals and challenges,
it is only natural that we
work together in many
areas... This MoU is a step forward
in putting our joint efforts
within a formal mechanism,”
he said. He hoped
that “going ahead, the MoU
will enable us to further
deepen our relations and facilitate
our endea vour to
make our financial systems
accessible, inclusive and
secure.”
BI Governor Perr y Warjiyo
emphasised that “this MoU
serves as a significant milestone
in the relation between
Bank Indonesia and the RBI .
It has been a long period
since we began cooperating
productively, and this MoU
will only ensure a more solid
collaboration in the future.”
Warjiyo added, “Going forward,
I am con vinced that
such excellent partnership
will result in fruitful outcomes
that benefit both central
banks and the people of
both nations.”
RBI, Bank Indonesia sign MoU to
deepen relations, cooperation
RBI Governor Shaktikanta Das at the G20 Finance Ministers and
Central Bank Governors meeting in Bali, Indonesia REUTERS
Will strengthen the exchange of information in central banking areas
PRABHUDATTA MISHRA
..........................................
New Delhi, July 16
Urging cooperative banks to focus
on credit to bring in more
areas under irrigation, Cooperation
Minister Amit Shah has said
that farmers’ income cannot be
raised without improving the
sector, especially irrigation.
Addressing a national conference
of Agricultural and Rural
Development Banks (ARDBs) on
Saturday, organised by the National
Cooperative Agriculture
and Rural Development Banks’
Federation (NAFCARD), Shah appealed
the bankers to extend
more longterm
loans to the agriculture
sector , for both infrastructure
and irrigation.
‘Need reforms’
Pointing out that ARDBs have financed
more than 3 lakh tractors
so far, he said the target should
have been 8 crore tractors. Similarly,
the target coverage of farmers
under mediumand
longterm
credit by ARDBs should
have been much more than actual
penetration of about 5.2
lakh growers. He also asked ARDBs
to undertake reforms to facilitate
farmers seeking longterm
loans and advised them to
focus on the entire sector instead
of looking at “bank specific reforms”.
Shah directed NABARD
to set up an extension wing to facilitate
the process of reforms.
The chairman of an ARDB said:
“Though the intention is noble,
the structure of cooperative
banks is such that no one at the
board level would like to take any
blame in case of default as recovery
in shortterm
credit is easy
since these banks closely monitor
the progress.” He also said
that in many cases the longterm
credit is extended on political
considerations at the State level.
The Minister also admitted
that that there are many hurdles
to providing longterm
credit to
the agriculture sector, but said
that it is time to “overcome those
hurdles with cooperative spirit”
and achieve agriculture growth.
Shah said ARDBs have been functioning
in the country under different
names the last nine decades
and most have operated as
land mortgage banks and were
first to grant longterm
finance
to farmers way back in 1924. “If
we look back and see the last 90
years’ journey of longterm
financing
through cooperatives
and how it has percolated down,
it has not grown,” Shah said,
adding India has the potential to
feed the world if all its arable
land is irrigated.
Database on cooperatives
The government is building a
database on cooperatives for expansion
of the sector, which is
important for boosting farm
growth and doubling farmers’
income, he said. Shah further
said that ARDBs should focus on
other activities like setting up infrastructure
in horticulture,
poultry, fisher y, lift irrigation
and related areas.
Asks ARDBs to take up reforms to facilitate long-term loans for farmers
Union Minister for Home Affairs and Cooperation Amit Shah at the
National Conference of ARDBs in New Delhi on Saturday PTI
Co-op banks should extend credit to
pump-prime irrigation: Amit Shah
AYUSHI KAR
..........................................
Mumbai, July 16
Bharti T elemedia has raised
concerns over the possibility of
entities such as Reliance Jio becoming
gatekeepers for broadcast
content since its parent
group has control over content,
OTT and telecom pipe.
As part of submissions to the
Telecom Regulatory Authority
of India (TRAI), Bharti T elemedia
noted that despite OTT
platforms fast becoming the
primary source of content consumption,
they are still not
governed under TRAI’s Interconnect
Regulation. Under
this regulation, broadcasters
must provide live TV to cable,
DTH and MSO operators in a
nondiscriminatory
manner .
But OTT platforms are not governed
by these regulations.
Exclusive bundling
Bharti Telemedia’s note to TRAI
said that a situation can be anticipated
whereby if a vertically
integrated player secures
an exclusive deal for such
broadcast content and
bundles it for its own subscribers,
the rest of the subscriber
universe will straightaway
get excluded from having
the opportunity to access such
content on other distribution
platforms. To avoid such exclusionary
behaviour, there must
be a “Must provide” mandate
and this rule needs to be extended
to OT T and digital platforms,
the note said.
Differentiated pricing
A senior industr y executive,
who did not want to be named,
told BusinessLinethat as the entertainment
through the Internet
proliferates, entities that
have businesses across verticals
— from content to OT T to
telecom — could potentially air
certain pieces of content to
their subscribers who ha ve
their telecom network at the
back end, exclusively or at a
cheaper rate. Reliance is the
sole company with such crossvertical
holdings. This means
that Reliance Jio, whose parent
company Reliance Industries,
has a media company Viacom18,
could potentially
provide certain pieces of content
exclusively or at a differentiated
price for their wireless or
fixed line broadband subscribers.
With the acquisition of the
digital rights of prime sports
property, the Indian Premier
League, and with the clear
crossbusiness
gains that this
acquisition could bring for RIL,
this could be a real possibility,
said the source.
Another expert noted that
this may not be in violation of
India’s net neutrality regulations.
“Though TRAI’s net neutrality
regulations prevent operators
from offering
differentiated rates for accessing
different content (by the
operator tying up with the content
provider), it has not prevented
the operator from offering
its own content in its
intranet at a differentiated rate
(even free),” the expert said.
‘OTT, digi platforms must be regulated
to prevent discriminatory practices’
Bharti flags operators with control over content, OTT, telecom
OUR BUREAU
..........................................
New Delhi, July 16
The Centre has decided to
amend regulations to allow
electronic product makers to
make certain mandatory descriptive
declarations such
as customer care details on
the labels of their products
through QR Codes for one
year.
The Department of Consumer
Affairs said it has
brought in Legal Metrolog y
(Packaged Commodities),
(Second Amendment) Rules
2022, to allow electronic
product makers to declare
certain mandator y declarations
through the QR Code
for one year if not declared in
the package itself.
Greater use of tech
“This amendment will allow
the industr y to declare the
elaborated information in
the digital form through the
QR Code. It will allow important
declarations to be declared
effectively on the label
in the package while the
other descriptive information
can be con veyed to the
consumer through the QR
Code,” it added.
The Ministry added this is
being also done to enable
greater use of technology in
this digital era. Information
that can be displayed
through QR Codes include
details such as the address of
the manufacturer or packer
or importer, the common or
generic name of the commodity,
the size and dimension
of the commodity, and
customercare
details except
the telephone number and email
address.
Earlier, makers of all prepackaged
commodities, including
electronic products,
were required to declare all
the mandator y declarations
on the label.
1 year relief: Makers of electronic
goods can display info via QR Codes
Earlier, electronic products
were required to declare all
the mandatory declarations
on the label of the package
OUR BUREAU
..........................................
Mumbai, July 16
Vedanta, a diversified natural resources
company, has committed
to distributing 30 per cent of
net profit as dividend. It will undertake
future capex with a focus
on volume augmentation,
cost reduction, ESG and moving
to valueadded
products, said
the company in its integrated
annual report for the last fiscal
year, released on Saturday.
The dividend policylays down
that a minimum 30 per cent of
attributable profit after tax (before
exceptional items) will be
distributed as dividend, said the
company.
Lauds govt initiatives
Vedanta’s capital allocation
policy focusses on rapid but responsible
growth and maximising
shareholder returns. It intends
to in vest in firms having
growth projects with a minimum
expected IRR (internal
rate of return) of 18 per cent and
sustaining capex on a per tonne
basis. On inorganic growth, the
company said it will selectively
invest in acquisitions that are accretive
to existing businesses or
those that ha ve synergies with
core businesses.
Government initiatives, such
as the commodityintensive
National
Infrastructure Pipeline
and the Production Linked Incentive
scheme to boost local
manufacturing, are instrumental
in realising the vision of
a selfreliant
India, it said.
The Mines and Minerals (Development
and Regulation)
Amendment Act, 2021 is an encouraging
move, which calls for
private participation in exploration
of key resources such as
coal and gold. This paves the way
for better utilisation of the natural
resources potential and in
ensuring trade balance in India’s
favour, it said.
Vedanta commits to pay
30% of profits as dividend
OUR BUREAU
..........................................
Kolkata, July 16
BK Birla Group company Kesoram
Industries posted a
net loss of ₹41 crore on a
standalone basis for the
quarter ended June 30, 2022,
compared with a net profit
of ₹34 crore in the same
period last year . Revenue
from operations on a standalone
basis grew a marginal
2per cent at ₹822 crore
during the quarter under review
as against ₹803 crore
in the same period last year.
Total expenses went up
nearly 19 per cent at ₹910
crore (₹762 crore) during
the quarter under review ,
primarily on the back of a 49
per cent jump in power and
fuel costs. Kesoram is looking
to bring down debt to
₹1,000 crore from the current
₹1,650 crore by the end
of the financial year or bySHAH
..........................................
BL Research Bureau
The government’s ambitious target of
increasing India’s renewable power
generation capacity to 500 GW by
2030 will have to be backed by the expansion
and upgradation of the nation’s
existing power transmission infrastructure.
The government has
planned a capex of ₹3lakh
crore to be
spent on India’s power transmission
system. The big gest player in the
space is Power Grid Corporation of India.
The company has near monopoly
in the interState
transmission system
of India with 1,72,437 circuit km and
265 substations, and remains well positioned
to capitalise on the longterm
opportunities in the sector.
From its alltime
high of ₹248, the
stock has seen a correction of around
15 per cent. Currently, the stock trades
at a P/E of 8.5 times — lower than
its threeyear
average P/E of
9.7 times. In the current
scenario of market
volatility, longterm
investors can accumulate
the shares of
Power Grid Corporation
of India owing
to its reasonable valuation,
near monopoly
in the interState
power
transmission network,
stable project pipeline, assured
returns through regulated projects
and strong dividend yield.
Business
PowerGrid handles about 50 per cent
of India’s total power transmission.
For FY22, the company has generated
about 96 per cent of its revenue from
the transmission business, while
other sources of revenue ha ve been
telecom (2 per cent) and consultancy
(2 per cent). A majority of the company’s
transmission revenue comes
from the regulated tariffs set by the
Central Electricity Regulator y Commission
(CERC), which ensures complete
passthrough
of costs plus 15.5
per cent of pretax
ROE (Return on
Equity) on its completed projects
awarded under regulated tariff mechanism.
Along with this, the company earns
revenue under TBCB (tariffbased
competitive
bidding), where it competes
with private players such as Adani
Transmission and Sterlite T ransmission.
Here, projects are awarded to the
company providing cheapest bids and
tariffs are competitive. However, despite
the competition, the company
has been able to maintain its foothold
in TBCB with ₹14,800crore
worth of
workinhand
TBCB projects. Also , recently
the firm was declared the successful
bidder under TBCB for establishing
two 400kV DIC Transmission
lines passing through the States of Rajasthan
and Madhya Pradesh.
The company monetises many of its
assets by transferring them into InvIT
(infrastructure in vestment trust )
which was set up in 2021, wherein the
company holds more than 25per
cent
ownership being its sponsor . Currently,
the company has been transferring
the first quarter of 202324.
It is also looking to refinance
around ₹400 crore of
existing debt to reduce finance
costs.
Kesoram posts
a net loss of
₹41 crore in Q1
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