MUTUAL FUNDS 2016

8/17/2019 MUTUAL FUNDS 2016

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Recommended Mutual Funds for 2016 – Detailed Report | iFAST Research 1

Index

4 Equity : Large Cap

10 Equity : Mid Cap

15 Equity : Small Cap

17 Equity : Multi Cap

23 Equity : Value

24 Equity : Dividend Yield

25 Equity : ELSS

31 Equity : Global

32 Equity : Banking Sector

33 Equity : Pharmaceutical

Sector

34 Equity : Infrastructure

Sector

36 Equity : FMCG Sector

37 Equity : Technology

Sector

39 Debt : Short Term

43 Debt : Dynamic Bond

47 Debt : Income

51 Debt : Gilt - Long Term

53 Debt : Corporate Bond

55 Hybrid : Balanced

58 Hybrid : Monthly Income

Plans (MIP)


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Period Covered for Analysis

Category of Fund Time Periods used for Analysis

Equity Funds December 2012 to November 2015

Debt Funds December 2014 to November 2015

Hybrid Funds December 2013 to November 2015

For the purpose of analysis, we have taken the definition of market capitalization in this way.

Large Cap: Above INR 15,000 crore Mid Cap: INR 15,000 - INR 5,500 crore

Small Cap: INR 5,500 - INR 3,000 crore Micro Cap: Below INR 3,000 crore

Note to Investors

All the data points covered in this report are as on November 30, 2015.

The details of the Inception date, Fund manager and Exit Load of funds are as per respective

Fund Factsheets.

The entire data used in our portfolio analysis and the performance numbers have been taken

from NAV India.

In our analysis of equity funds, we have limited the number of stocks that have been held

continuously during the period of analysis (December 2012-November 2015) to 20.


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Recommended Equity Mutual Funds


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Large Cap - AXIS Equity Fund

Inception January 5, 2010 AUM (Nov-15) Rs. 1949 Crore

Fund Manager Pankaj Murarka Exit Load (Nov-15) 1.00% on or before 12M ,NIL after 12M

Investment StrategyMarket Capitalisation Trends

(December 2014 – November 2015, %) The fund will have a diversified portfolio consisting of strong growth

companies with sustainable business models. The fund manager uses a

bottom up approach while selecting the stocks. Although the fund has the

flexibility to move across the market capitalization spectrum, the internal

mandate states that at least 70% of the surplus has to be in the large cap

space. This will be an actively managed fund. Across time periods, it will

reflect the most attractive investment ideas of the fund management

team.

Portfolio Analysis (December 2012 – November 2015)

40 Stocks as on November 2015 12Stocks held continuously during

December 2012 – November 20153

Top Sectors during December

2012 – November 2015

StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

HDFC Bank Ltd 7.03 Reliance Industries Ltd 3.57 Banks 22.85

Infosys Ltd 6.40 Maruti Suzuki India Ltd 3.14 IT - Software 13.27

State Bank of India 4.64 Zee EntertainmentEnterprises Ltd

2.59 Pharmaceuticals 7.63

ITC Ltd 4.63Sun Pharmaceuticals

Industries Ltd2.24

Tata Consultancy Services Ltd 4.35 Kotak Mahindra Bank Ltd 2.18

Larsen & Toubro Ltd 4.05 Sanofi India Ltd 1.98

Top Holdings as on November 2015 Fund Performance vis-à-vis Benchmark (%)

Stocks Holding (%)

HDFC Bank Ltd 7.74

Infosys Ltd 6.98

Zee Entertainment Enterprises Ltd 5.55ITC Ltd 4.57

Housing Development Finance Corporation Ltd 4.48

Sectors Holding (%)

Banks 20.52

Automobile 11.69

IT - Software 10.59

Pharmaceuticals 6.59

Entertainment 5.55

0

20

40

60

80

100

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5

Large Cap Mid Cap Small Cap Micro Cap

-3.79

16.71

10.69

-7.56

10.51

6.24

1 Year 3 Years 5 Years

AXIS Equity Fund (G) Nifty 50


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Large Cap - Birla Sun Life Frontline Equity Fund

Inception August 30, 2002 AUM (Nov-15) Rs. 10290 Crore

Fund Manager Mahesh Patil Exit Load (Nov-15) 1.00% on or before 365D ,NIL after 365D

Investment Strategy Market Capitalisation Trends(December 2014 – November 2015, %)

The mandate of the fund states diversification across industries and

/sectors similar to its benchmark which is S&P BSE 200. Although the

Fund Manager will have to maintain the same sectoral weights as the

benchmark, he has the flexibility to select stocks from a wider

investment universe belonging to a particular sector. In this scenario,

the stocks selected in the portfolio will be different from those included

in the benchmark index. “Frontline Stocks” refer to those stocks, which

in the opinion of the Fund Manager will provide superior growth

opportunities.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

ICICI Bank Ltd 5.12 Tata Consultancy Services Ltd 2.06 Banks 20.93

HDFC Bank Ltd 4.57 Cummins India Ltd 1.98 IT - Software 12.65ITC Ltd 4.25 Grasim Industries Ltd 1.97 Pharmaceuticals 7.11

Infosys Ltd 4.07 Bharti Airtel Ltd 1.91

Reliance Industries Ltd 3.73 Maruti Suzuki India Ltd 1.87

Larsen & Toubro Ltd 3.38 State Bank of India 1.86

HCL Technologies Ltd 2.53 Lupin Ltd 1.69

Dr Reddys Laboratories Ltd 2.33 Bosch Ltd 1.53

IndusInd Bank Ltd 2.24 LIC Housing Finance Ltd 1.51

Housing Development

Finance Corporation Ltd2.21 Motherson Sumi Systems Ltd 1.46


Stocks Holding (%)

HDFC Bank Ltd 6.20

Infosys Ltd 5.14

ICICI Bank Ltd 4.34

Reliance Industries Ltd 4.20

ITC Ltd 3.66

Sectors Holding (%)

Banks 23.97

IT - Software 12.12

Automobile 7.28

Refineries 7.21


0

20

40

60

80

100

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


-0.42

17.68

11.49

-4.11

12.09

6.54


Birla Sun Life Frontline Equity Fund (G) S&P BSE 200


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Large Cap – BNP Paribas Equity Fund

Inception September 23, 2004 AUM (Nov-15) Rs. 1127 Crore

Fund Manager Shreyash Devalkar Exit Load (Nov-15) 1.00% on or before 1Y ,NIL after 1Y


(December 2014 – November 2015, %)

The fund will be a diversified and actively managed portfolio with theaim of providing long-term growth to investors. The mandate allows

the fund manager to invest in a wide range of companies with a bias

towards the large and medium market capitalization spectrum.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

HDFC Bank Ltd 6.93 IndusInd Bank Ltd 3.23 Banks 18.37

Bharti Airtel Ltd 6.10 Lupin Ltd 2.47 IT - Software 11.60

Infosys Ltd 4.83 Va Tech Wabag Ltd 2.28

Tata Consultancy Services

Ltd 3.44 Wipro Ltd 2.14

ICICI Bank Ltd 3.23


Stocks Holding (%)

HDFC Bank Ltd 7.94

Bharti Airtel Ltd 7.12

Idea Cellular Ltd 6.94

IndusInd Bank Ltd 5.31

Kotak Mahindra Bank Ltd 4.51

Sectors Holding (%)

Banks 24.75

Telecomm-Service 14.06

IT - Software 7.96


Automobile 6.39

0

20

40

60

80

100

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


3.55

19.26

13.54

-7.56

10.516.24


BNP Paribas Equity Fund (G) Nifty 50


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Large Cap - ICICI Prudential Focused Bluechip Equity Fund

Inception May 23, 2008 AUM (Nov-15) Rs. 9896 Crore

Fund Manager Manish Gunwani Exit Load (Nov-15) 1.00% on or before 1Y ,NIL after 1Y



The mandate of the fund is to invest into 20 large cap stocks which willbe selected from a universe of top 200 stocks in terms of market

capitalization on the National Stock Exchange of India Ltd. The

investment strategy also clearly states that if the AUM of the fund goes

above INR 1000 crore, then the number of stocks in the portfolio can go

above 20. The Fund Manager will not have any sectoral bias while

selecting stocks for the portfolio. In short, the stock selection will be

done using the bottom up approach and the universe considered will

consist of large and established companies.


Stocks Holding (%)

HDFC Bank Ltd 9.05

Infosys Ltd 6.47

ICICI Bank Ltd 6.40

Axis Bank Ltd 4.62


Sectors Holding (%)

Banks 27.49

IT - Software 15.23


Automobile 7.32

Finance 7.22

0

20

40

60

80

100

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


-1.93

16.21

11.44

-7.56

10.51 6.24


ICICI Pru Focused Bluechip Equity Fund (G) Nifty 50






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

HDFC Bank Ltd 8.46Power Grid Corporation of

India Ltd2.28 Banks 25.78

ICICI Bank Ltd 7.17 Dr Reddys Laboratories Ltd 2.24 IT - Software 13.98

Infosys Ltd 5.91 HCL Technologies Ltd 2.16

ITC Ltd 5.09 Bharti Airtel Ltd 1.79Reliance Industries Ltd 3.91 Hindustan Zinc Ltd 1.63

Motherson Sumi

Systems Ltd3.41 Grasim Industries Ltd 1.54

Tech Mahindra Ltd 3.29Hindustan Petroleum

Corporation Ltd1.31

Larsen & Toubro Ltd 2.56


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Large Cap - Reliance Top 200 Fund


Fund Manager Sailesh Raj Bhan, Ashwani Kumar Exit Load (Nov-15) 1.00% on or before 1Y ,NIL after 1Y

Investment Strategy

Market Capitalisation Trends

(December 2014 – November 2015, %) The fund will be investing into stocks having market capitalization within

the range of the highest and lowest market capitalization of the S&P BSE

200 Index. The fund will be reasonably diversified as it has the flexibility

to invest into a broad range of companies. The companies included will

be those which will be able to capture the growth of the Indian

economy. The focus of the fund management team will be to have very

liquid stocks in the portfolio.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

ICICI Bank Ltd 5.47 Bharat Forge Ltd 3.61 Banks 18.90

Infosys Ltd 5.26 Cummins India Ltd 2.97 IT - Software 13.56

HDFC Bank Ltd 4.77 Wipro Ltd 2.50

Divis Laboratories Ltd 4.64 Alstom T&D India Ltd 2.46

Larsen & Toubro Ltd 4.56 Shoppers Stop Ltd 1.72

State Bank of India 4.31 Oriental Bank of Commerce 1.38



Stocks Holding (%)

State Bank of India 7.30

HDFC Bank Ltd 5.51

Infosys Ltd 4.76



Sectors Holding (%)

Banks 22.73

IT - Software 10.15

Automobile 10.07

Refineries 7.77

Capital Goods - Electrical Equipment 6.47

0

20

40

60

80

100

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


-0.33

18.37

12.07

-4.11

12.09

6.54


Reliance Top 200 Fund (G) S&P BSE 200


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Large Cap - SBI Blue Chip Fund

Inception February 14, 2006 AUM (Nov-15) Rs. 3315 Crore

Fund Manager Sohini Andani Exit Load (Nov-15) 1.00% on or before 1Y ,NIL after 1Y


The mandate of the fund states that it will be a diversified portfolio

consisting of stocks whose market capitalization is at least equal to or

more than the least market capitalized stock of S&P BSE 100 stocks. As

per the SID, “Blue chip stocks would normally qualify as those stocks

which are typically large companies with an established business

presence, good reputation and are possibly market leaders in their

industries with less uncertainty in topline/ bottom line growth. Blue chip

companies normally have a history of successful growth, high visibility

and reach, good credit ratings and excellent brand equity amongst the

general public and widespread interest amongst investing public.”


Stocks Holding (%)

HDFC Bank Ltd 6.78


Infosys Ltd 4.74

Sun Pharmaceuticals Industries Ltd 4.44

Maruti Suzuki India Ltd 4.05

Sectors Holding (%)

Banks 14.56


Automobile 9.30

IT - Software 7.89

Refineries 6.31

0

20

40

60

80

100

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


6.33

20.00

12.81

-6.47

11.00

6.27


SBI BlueChip Fund (G) S&P BSE 100






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

HDFC Bank Ltd 6.90 Bharti Airtel Ltd 2.68 Banks 17.69

Tata Consultancy Services Ltd 4.19 Divis Laboratories Ltd 2.56 IT - Software 12.33

Motherson Sumi Systems Ltd 3.70 Thermax Ltd 1.45 Pharmaceuticals 9.58

ICICI Bank Ltd 3.57 Grasim Industries Ltd 1.27

Larsen & Toubro Ltd 3.51 Pidilite Industries Ltd 0.94

ITC Ltd 3.44 UltraTech Cement Ltd 0.92

Housing Development

Finance Corporation Ltd3.05

Procter & Gamble Hygiene

and Health Care Ltd0.84

Sun Pharmaceuticals

Industries Ltd2.83


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Mid Cap - BNP Paribas Mid Cap Fund

Inception May 2, 2006 AUM (Nov-15) Rs. 469 Crore

Fund Manager Shreyash Devalkar Exit Load (Nov-15) 1.00% on or before 1Y ,NIL after 1Y



As per the mandate, the fund will invest at least 65% of the corpus

in mid and small cap companies which are defined as “Future

Leaders”. The SID defines Future Leaders as “companies which have

a market capitalization below that of the 99th stock in the BSE500

Index (i.e. excluding the top 20% of the index by market

capitalization rankings) and which may or may not be a constituent

of the BSE 500 Index, at the time of investment”. The remaining

corpus can be invested into stocks which have a market

capitalization equal to or above the 99th stock in BSE 500 Index

which may or may not be a part of the BSE 500 Index.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

Idea Cellular Ltd 4.52 Fag Bearings India Ltd 1.66 Banks 11.02

Va Tech Wabag Ltd 2.86 City Union Bank Ltd 1.56

Shriram City Union Finance Ltd 2.33 Bata India Ltd 1.31

Jyothy Laboratories Ltd 2.20


Stocks Holding (%)




Jet Airways (India) Ltd 2.90

Welspun India Ltd 2.88

Sectors Holding (%)

Miscellaneous 10.28



Banks 9.24

Finance 6.80

0

10

20

30

40

50

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


16.28

28.71

19.70

6.90

17.63

8.26


BNP Paribas Mid Cap Fund (G) Nifty Midcap 100 Index


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Mid Cap - Canara Robeco Emerging Equities

Inception March 11, 2005 AUM (Nov-15) Rs. 859 Crore

Fund Manager Ravi Gopalakrishnan, Krishna Sanghavi Exit Load (Nov-15) 1.00% on or before 18M ,NIL after 18M



The fund will invest into diversified mid cap stocks which have the

potential to emerge as the blue chips of tomorrow. The mid and small

cap stocks will be selected from a range of 151 to 500 on the basis of

market capitalization. The companies with a bias towards the small

capitalization space will have a low PE vis-à-vis the Industry PE.

However, as these companies grow, their value will be unlocked and the

PE will improve. The emphasis of the fund management team will be to

select stocks that have a strong competitive position in good business

and have no concerns on the quality of management.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

WABCO India Ltd 2.19 The Ramco Cements Ltd 1.68 Banks 12.00

Blue Dart Express Ltd 2.05 Ashoka Buildcon Ltd 1.61

Va Tech Wabag Ltd 2.03 Raymond Ltd 1.53

Century Textiles & Industries

Ltd1.86


Stocks Holding (%)


Indian Oil Corporation Ltd 2.76

Divis Laboratories Ltd 2.42

Atul Ltd 2.29Tata Communications Ltd 2.29

Sectors Holding (%)

Capital Goods-Non Electrical Equipment 8.13

Chemicals 7.54

Miscellaneous 7.10


Banks 6.09

0

10

20

30

40

50

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


15.45

32.82

21.94

6.90

17.63

8.26


Canara Robeco Emerging Equities (G) Nifty Midcap 100


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Mid Cap - Mirae Asset Emerging Bluechip Fund

Inception July 9, 2010 AUM (Nov-15) Rs. 1084 Crore

Fund Manager Neelesh Surana Exit Load (Nov-15) 2.00% on or before 6M ,1.00% after 6M But on or before 1Y ,NIL after 1Y



The mandate of the fund states that the stocks included in the

portfolio will not be a part of the top 100 stocks by market

capitalization and at the time of investment should have a market

capitalization of at least INR 100 crore. As far as this fund is

concerned, there is no bias towards a theme, sector or style while

picking stocks for the portfolio. The Fund Manager has the flexibility

to include a large number of stocks in the portfolio so as to avoid

concentration and liquidity risk.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

ICICI Bank Ltd 3.34 Glenmark Pharmaceuticals Ltd 1.69 Banks 15.00

Federal Bank Ltd 3.07 Godfrey Phillips India Ltd 1.60 Pharmaceuticals 14.01

Amara Raja Batteries Ltd 3.02 Britannia Industries Ltd 1.59 Auto Ancillaries 7.88

Ipca Laboratories Ltd 2.82 Vinati Organics Ltd 1.57

Gateway Distriparks Ltd 2.71 CESC Ltd 1.46

Hindustan Petroleum

Corporation Ltd2.69 Akzo Nobel India Ltd 1.35

Divis Laboratories Ltd 2.63 Crompton Greaves Ltd 1.25

Tata Chemicals Ltd 1.81 H T Media Ltd 1.02

J K Cements Ltd 1.80 Oil India Ltd 0.95

Exide Industries Ltd 1.70 Titan Company Ltd 0.81


Stocks Holding (%)


Hindustan Petroleum Corporation Ltd 3.44

Natco Pharma Ltd 3.07

Federal Bank Ltd 2.96

Torrent Pharmaceuticals Ltd 2.87

Sectors Holding (%)

Banks 13.33


Auto Ancillaries 7.82

IT - Software 5.65

FMCG 4.61

0

10

20

30

40

50

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


16.04

32.97

23.15

6.90

17.63

8.26


Mirae Asset Emerging Bluechip Fund (G) CNX Midcap


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Mid Cap - SBI Magnum MidCap Fund


Fund Manager Sohini Andani Exit Load (Nov-15) 1.00% on or before 1Y ,NIL after 1Y



The fund will be a diversified midcap fund. In this case, midcaps are

defined as 101st to 400th stock in terms of market capitalization.

The fund manager can take exposures into small cap stocks so as to

generate alpha while trying to maintain liquidity. Investments can be

done in large caps up to a maximum of 20%.The strategy followed

will be bottom up and stocks will be identified without a sectoral

bias.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

Page Industries Ltd 4.02 Carborundum Universal Ltd 2.85 Pharmaceuticals 13.89

The Ramco Cements Ltd 3.68 Federal Bank Ltd 2.54 Capital Goods-NonElectrical Equipment

9.01

Cholamandalam Investment

& Finance Company Ltd2.99 Bajaj Finance Ltd 1.86

D B Corp Ltd 2.93 Summit Securities Ltd 0.10

Swaraj Engines Ltd 2.92


Stocks Holding (%)

Strides Shasun Ltd 5.62

Cholamandalam Investment & Finance Company Ltd 4.83

The Ramco Cements Ltd 3.65Sanofi India Ltd 3.23

Fag Bearings India Ltd 2.94

Sectors Holding (%)


Finance 11.55



FMCG 6.12

0

10

20

30

40

50

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


16.54

32.33

19.82

6.96

16.77

7.19


SBI Magnum Midcap Fund (G) S&P BSE Midcap index


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Mid Cap - Tata Mid Cap Growth Fund


Fund Manager Atul Bhole Exit Load (Nov-15) 1.00% on or before 365D ,NIL after 365D


(December 2014 – November 2015, %) As per the mandate, the fund will invest at least 65% of the corpus

in mid cap stocks. Mid Caps are defined as those companies that are

either included in the Midcap Index or one that fall within the

market cap requirement of CNX Midcap Index. The SID clearly

mentions that “the fund may invest not more than 25% of the net

assets (of all the Schemes of the Fund) in listed securities (equity &

debt instruments) of Group companies”.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

WABCO India Ltd 3.42 The Ramco Cements Ltd 1.76 Pharmaceuticals 9.62

Shree Cement Ltd 2.47 Fag Bearings India Ltd 1.68 Auto Ancillaries 9.06

Sadbhav Engineering Ltd 2.12 Page Industries Ltd 1.61



Stocks Holding (%)

Aditya Birla Nuvo Ltd 3.70

WABCO India Ltd 3.09

Sadbhav Engineering Ltd 3.07


Glenmark Pharmaceuticals Ltd 2.59Sectors Holding (%)


Construction 9.53


Banks 7.46

Cement 5.74

0

10

20

30

40

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


12.19

28.53

17.42

6.90

17.63

8.26


Tata Mid Cap Growth Fund - (G) Nifty Midcap 100


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Small Cap - DSP BlackRock Micro Cap Fund

Inception June 14, 2007 AUM (Nov-15) Rs. 2272 Crore

Fund Manager Vinit Sambre, Jay KothariExit Load (Nov-15)

1.00% on or before 12M ,NIL after 12M


The Fund Manager while picking stocks will use a disciplined

quantitative analysis of financial operating statistics. The stocks

selected will not be a part of the top 300 by market capitalization.

The strategy for stock selection will be a blend of both value and

growth. Value stocks are those whose long-term growth potential

are not fully reflected in the current market price and will be

realized on the basis of the various strengths like strong brand

equity, growing market share, strong management, technological

excellence, etc. On the other hand, growth stocks are those stocks

that are currently in the growth phase.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

Indoco Remedies Ltd 5.61Kalpataru Power

Transmission Ltd

2.24 Pharmaceuticals 9.76

Solar Industries India Ltd 3.53 Disa India Ltd 1.84

NIIT Technologies Ltd 3.05 Kewal Kiran Clothing Ltd 1.81

Symphony Ltd 3.01 APL Apollo Tubes Ltd 1.77

Siti Cable Network Ltd 2.70 Excel Crop Care Ltd 1.70

WABCO India Ltd 2.56 Somany Ceramics Ltd 1.45

Kennametal India Ltd 2.27 Career Point Ltd 0.45


Stocks Holding (%)

K P R Mill Ltd 4.32

Indoco Remedies Ltd 4.30

SRF Ltd 3.79

Navin Fluorine International Limited 3.62

Atul Ltd 3.15

Sectors Holding (%)

Chemicals 14.86

Finance 7.50


Steel 6.94

IT - Software 6.06

0

10

20

30

40

50

60

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


21.47

34.73

20.41

3.23

16.95

3.61


DSP BR Micro-Cap Fund (G) S&P BSE Small-Cap


17/61


Small Cap - Reliance Small Cap Fund


Fund Manager Sunil Singhania Exit Load (Nov-15) 1.00% on or before 1Y ,NIL after 1Y



The fund will invest into a diversified basket of small cap stocks

with the aim of maximizing returns. Small cap stocks are defined

as those having market capitalization between the highest and

lowest market capitalization of companies on the BSE Small Cap

Index. The Fund Manager will follow a Buy and Hold strategy, but

can take a rational call while selling stocks when valuations

become too demanding even in the face of reasonable growth

prospects in the long run.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

Atul Ltd 4.45Kirloskar Pneumatic Company

Ltd1.75 Chemicals 8.96

Federal Bank Ltd 2.89 Ashoka Buildcon Ltd 1.68

Cyient Ltd 2.82 Polyplex Corporation Ltd 1.67

Biocon Ltd 2.57 NIIT Ltd 1.65

Navin Fluorine

International Limited2.17 Rain Industries Ltd 1.60

Agro Tech Foods Ltd 2.08 Greaves Cotton Ltd 1.52

FDC Ltd 1.96 Indoco Remedies Ltd 1.49

Unichem Laboratories Ltd 1.95 K C P Ltd 1.36

Kirloskar Brothers Ltd 1.77 Orient Paper & Industries Ltd 1.10

Honeywell Automation

India Ltd1.76 West Coast Paper Mills Ltd 0.59


Stocks Holding (%)

Intellect Design Arena Ltd 4.86

Navin Fluorine International Limited 4.58

Vindhya Telelinks Ltd 3.92

Kalpataru Power Transmission Ltd 3.08

Atul Ltd 2.82

Sectors Holding (%)

Chemicals 9.57

IT - Software 7.72


Banks 6.03Textiles 5.84

0

20

40

60

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


18.50

36.14

22.16

3.23

16.95

3.61


Reliance Small Cap Fund (G) S&P BSE Small Cap


18/61


Multi Cap - Franklin India Prima Plus


Fund ManagerAnand Radhakrishnan,

R. JanakiramanExit Load (Nov-15) 1.00% on or before 1Y


The fund will be a diversified large cap fund with a marginal exposure into

small/mid cap space. The stock selection will be done using a bottom up

approach and will identify wealth creating companies across sectors. The

investment style used in this fund will be a blend of value and growth.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

Bharti Airtel Ltd 5.77 Eicher Motors Ltd 2.17 Banks 22.96

Infosys Ltd 5.71 Amara Raja Batteries Ltd 2.08 Pharmaceuticals 10.72

ICICI Bank Ltd 5.47 Kotak Mahindra Bank Ltd 2.00 IT - Software 8.67

HDFC Bank Ltd 5.30 Cadila Healthcare Ltd 1.78

Dr Reddys Laboratories Ltd 3.55 Federal Bank Ltd 1.77

IndusInd Bank Ltd 3.18 Wipro Ltd 1.75

Reliance Industries Ltd 2.72 Marico Ltd 1.74

Grasim Industries Ltd 2.63 Gujarat Pipavav Port Ltd 1.65

Torrent Pharmaceuticals Ltd 2.52 Cummins India Ltd 1.61

Yes Bank Ltd 2.37 Pidilite Industries Ltd 1.57


Stocks Holding (%)

HDFC Bank Ltd 6.96

Infosys Ltd 4.32

ICICI Bank Ltd 3.89



Sectors Holding (%)

Banks 26.25

IT - Software 8.94


Automobile 7.70


0

20

40

60

80

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


6.10

20.84

14.13

-3.33

12.67

6.93


Franklin India Prima Plus - (G) Nifty 500


19/61


Multi Cap - ICICI Prudential Value Discovery Fund


Fund Manager Mrinal Singh Exit Load (Nov-15) 1.00% on or before 12M ,NIL after 12M

Investment Strategy


(December 2014 – November 2015, %) The fund will invest into a diversified portfolio of companies that are

available at a discount to its intrinsic value and this will be done through

a process of discovery. As per the SID, “The Discovery Process would be

through identification of such stocks, which have attractive valuations in

relation to earnings or book value or current and/or future dividends

and are available at a price, which can be termed as a bargain”. Here,

the Fund Manager will aim to discover stocks that are trading at a lower

P/E ratio vis-a-vis benchmark/peer group. Along with the P/E ratio,

other parameters that will be considered while taking investment

decisions are management competitiveness, business competitiveness,

growth prospects, etc.

Top Holdings as on November 2015 Fund Performance vis-à-vis Benchmark (%)Stocks Holding (%)

*Scheme Benchmark has been changed from

Nifty Midcap 100 to S&P BSE 500 with effect from November 01, 2015.

NTPC Ltd 6.58


HDFC Bank Ltd 5.22

Bank of Baroda 3.04

Sadbhav Engineering Ltd 2.94

Sectors Holding (%)

Banks 15.42

IT - Software 9.68

Power Generation & Distribution 7.92

Automobile 7.35

Infrastructure Developers & Operators 7.26

0

20

40

60

80

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


8.20

27.58

18.04

-3.41

12.29

6.50


ICICI Pru Value Discovery Fund (G) S&P BSE 500*






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

ICICI Bank Ltd 4.22 Voltas Ltd 1.56 Banks 14.56

Reliance Industries Ltd 3.34 Petronet LNG Ltd 1.56 IT - Software 9.27

Amara Raja Batteries Ltd 3.11 Karur Vysya Bank Ltd 1.49

Mindtree Ltd 2.26 Birla Corporation Ltd 1.39

Gujarat Pipavav Port Ltd 2.11 Persistent Systems Ltd 1.37

Max India Ltd 2.08Oracle Financial Services

Software Ltd1.33

Balkrishna Industries Ltd 1.84Container Corporation Of

India Ltd1.33

Great Eastern Shipping

Company Ltd1.77 eClerx Services Ltd 1.32

UPL Ltd 1.75 Blue Star Ltd 0.89

Natco Pharma Ltd 1.73 Prism Cement Ltd 0.76


20/61


Multi Cap - IDFC Premier Equity Fund

Inception September 28, 2005 AUM (Nov-15) 6402 Crore

Fund Manager Punam Sharma, Aniruddha NahaExit Load (Nov-15)

1.00% on or before 365D ,NIL after 365D



The fund’s intent is to invest into some of the best run companies in Indiathat are available at a reasonable value and will be identified through a

process of disciplined research. The portfolio will have stocks from across

sectors so as to reduce the concentration risk. The mandate states that

the fund management will be prudent while selecting stocks and will try

to deliver good returns at controlled levels of risk. This is because the fund

is expected to be a part of the core equity holdings of investors over a

long time period.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

Page Industries Ltd 5.80 Fag Bearings India Ltd 2.11 Miscellaneous 15.39

Kaveri Seed Company Ltd 4.72 PTC India Ltd 1.69 Textiles - Products 7.78

Blue Dart Express Ltd 4.33 Procter & Gamble Hygieneand Health Care Ltd

1.56

Bata India Ltd 3.51 Redington India Ltd 1.51

Asian Paints Ltd 3.16 Tata Chemicals Ltd 1.38

Container Corporation Of

India Ltd3.04 Disa India Ltd 0.68

Gujarat State Petronet Ltd 2.60 Ingersoll-Rand (India) Ltd 0.54


Stocks Holding (%)

Page Industries Ltd 4.81

SKS Microfinance Ltd 4.74

Vardhman Textiles Ltd 4.46

Blue Dart Express Ltd 4.41

Va Tech Wabag Ltd 4.31

Sectors Holding (%)

Miscellaneous 14.12

Finance & Investments 6.21

Textiles - Products 5.76

Engineering 5.47

Textiles - Cotton/Blended 4.46

0

10

20

30

40

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


9.49

22.62

16.07

-3.41

12.29

6.50


IDFC Premier Equity Fund (G) S&P BSE 500


21/61


Multi Cap - Kotak Select Focus Fund


Fund Manager Harsha Upadhyaya Exit Load (Nov-15) 1.00% on or before 1Y ,NIL after 1Y

Investment Strategy



The fund’s strategy allows it to go across the market capitalization

spectrum while selecting stocks for the portfolio. However, the Fund

Manager has the flexibility to restrict investments into a few select

sectors depending upon its potential to grow in the future. In short,

this will be a concentrated portfolio but actively managed on a regular

basis. The SID clearly states that “The total number of sectors focused

will be kept around 50% of the sectors represented in CNX Nifty index;

however the sectors/stocks selected may or may not be within the

sectors represented in CNX Nifty index”.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

ICICI Bank Ltd 5.69 Tech Mahindra Ltd 2.39 Banks 22.27

Infosys Ltd 5.45 Bajaj Finance Ltd 2.28 IT - Software 13.11

HDFC Bank Ltd 3.61 MRF Ltd 1.63 Automobile 9.25

Tata Motors Ltd 3.16 Federal Bank Ltd 1.53

State Bank of India 2.95 Petronet LNG Ltd 1.38

Axis Bank Ltd 2.61 The Ramco Cements Ltd 1.08

Maruti Suzuki India Ltd 2.55 Whirlpool of India Ltd 0.80

IndusInd Bank Ltd 2.45 K E C International Ltd 0.63


Stocks Holding (%)

HDFC Bank Ltd 6.31

Infosys Ltd 5.24

Maruti Suzuki India Ltd 3.72

UltraTech Cement Ltd 3.59


Sectors Holding (%)

Banks 21.11

Cement 10.38

IT - Software 8.76

Automobile 7.62

FMCG 5.43

0

20

40

60

80

100

D

e c - 1 4

J a n - 1 5

F

e b - 1 5

M

a r - 1 5

A

p r - 1 5

M

a y - 1 5

J

u n - 1 5

J u l - 1 5

A

u g - 1 5

S

e p - 1 5

O

c t - 1 5

N

o v - 1 5


3.39

21.34

13.11

-4.68

11.88

6.53


Kotak Select Focus Fund (G) Nifty 200 Index


22/61


Multi Cap - Reliance Equity Opportunities Fund


Fund Manager Sailesh Raj Bhan Exit Load (Nov-15) 1.00% on or before 1Y ,NIL after 1Y


(December 2014 – November 2015, %) The fund will be a diversified portfolio consisting of a broad range of

companies. The selection of stocks will be a combination of top down

approach, which is Sector-Industry-Company and Bottoms up

approach, which is Company-Industry-Sector. The Fund Manager will

be using a blend of both value and growth strategies while scouting

for stocks on the belief that there will be ongoing structural changes in

the government policies, infrastructure spending and continuous

global economic reforms that tries to integrate different economies

across the globe.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

Divis Laboratories Ltd 5.41 Sanofi India Ltd 2.95 Banks 15.84

State Bank of India 4.48 Larsen & Toubro Ltd 2.91 Pharmaceuticals 12.57

Infosys Ltd 4.08 Shoppers Stop Ltd 2.82 IT - Software 10.66

Trent Ltd 3.79 Prestige Estates Projects Ltd 2.56

ICICI Bank Ltd 3.72 Hathway Cable & Datacom Ltd 2.48

HDFC Bank Ltd 3.62 Abbott India Ltd 2.47

Cummins India Ltd 3.51 Alstom T&D India Ltd 2.42

HCL Technologies Ltd 3.29 Max India Ltd 1.89

Bharat Forge Ltd 3.12 Lakshmi Machine Works Ltd 1.85

Maruti Suzuki India Ltd 2.97 Info Edge (India) Ltd 1.82


Stocks Holding (%)


HDFC Bank Ltd 5.23

ICICI Bank Ltd 4.50


Cummins India Ltd 3.92

Sectors Holding (%)

Banks 21.35



IT - Software 7.60

Retail 6.07

0

20

40

60

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


-0.32

19.58

14.70

-6.47

11.00

6.27


Reliance Equity Opportunities Fund (G) S&P BSE 100


23/61


Multi Cap - SBI Emerging Businesses Fund

Inception October 11, 2004 AUM (Nov-15) 1613 Crore

Fund Manager R Srinivasan Exit Load (Nov-15) 1.00% on or before 1Y ,NIL after 1Y



The fund’s mandate is to invest into companies that have the theme of

emerging businesses with a focus on export orientation/outsourcing

opportunities and are globally competitive. Along with this, the fund

would also look out for themes in the domestic market which are

emerging businesses in nature having a growth potential. The fund will

be diversified across various emerging sectors while the exposure in a

particular sector will be limited to 25% of the total portfolio.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector Average

Holding (%)

Shriram City Union Finance Ltd 6.00 Page Industries Ltd 4.46

Divis Laboratories Ltd 5.48 Hawkins Cooker Ltd 3.74

Goodyear India Ltd 5.07 Redington India Ltd 3.23

Agro Tech Foods Ltd 4.74 K C P Ltd 2.65


Stocks Holding (%)

HDFC Bank Ltd 10.02

Procter & Gamble Hygiene and Health Care Ltd 9.78

Solar Industries India Ltd 7.13


Shriram City Union Finance Ltd 5.10

Sectors Holding (%)FMCG 14.74

Banks 14.31

Chemicals 7.13

Trading 6.65


0

10

20

30

40

50

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


6.41

16.75 17.34

-3.41

12.29

6.50


SBI Emerging Businesses Fund (G) S&P BSE 500


24/61


Value Funds - L&T India Value Fund


Fund ManagerVenugopal M,

Abhijeet DakshikarExit Load (Nov-15) 1.00% on or before 1Y ,NIL after 1Y



The fund will be a diversified portfolio of stocks which are

undervalued but have the potential to deliver long-term risk-adjusted

returns. In this case, undervalued stocks are defined as those, which

according to the Fund Manager are trading at less than their assessed

values. Fundamental analysis will be the approach used to identify

undervalued stocks.


85Stocks as on November

20159

Stocks held continuously during




Stock Average

Holding (%)Stock Average


Holding (%)

ICICI Bank Ltd 4.42 Tata Motors Ltd 1.64 Banks 16.54

Infosys Ltd 3.78 FDC Ltd 1.48 IT - Software 11.01

HCL Technologies Ltd 2.75 Lakshmi Machine Works Ltd 1.29

State Bank of India 2.42 Ashoka Buildcon Ltd 0.61

WABCO India Ltd 1.70


Stocks Holding (%)

ICICI Bank Ltd 4.58



Infosys Ltd 2.63

Tata Motors-DVR 2.55

Sectors Holding (%)

Banks 12.72

Textiles 9.66

IT - Software 5.39

Refineries 5.14

Cement 4.60

0

10

20

30

40

50

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


13.07

28.64

16.39

-4.11

12.096.54


L&T India Value Fund (G) S&P BSE 200


25/61


Dividend Yield - Tata Dividend Yield Fund

Inception November 22, 2004 AUM (Nov-15) Rs. 306 Crore

Fund Manager Rupesh Patel Exit Load (Nov-15) 1.00% on or before 365D ,NIL after 365D

Investment Strategy



As per the mandate, 70% of the fund’s corpus will be invested in

high dividend yield stocks. On the other hand, the Fund Manager

has the flexibility to park 30% of the assets in other stocks which do

not have a high dividend yield. As far as the dividend yield is

considered, it will be considered high, if the same is greater than the

dividend yield of the S&P BSE SENSEX last released / published by

S&P BSE. Generally, high dividend yield stocks are known to protect

the downside when there is market fall and at the same time will

lead to capital appreciation when the markets are in a revival mode.






StockAverage

Holding (%)Stock

Average

Holding (%)Sector

Average

Holding (%)

Infosys Ltd 4.88 eClerx Services Ltd 2.74 IT - Software 19.35

HCL Technologies Ltd 4.57 Karur Vysya Bank Ltd 2.27 Banks 18.89ITC Ltd 3.29 Colgate-Palmolive (India) Ltd 2.23


Stocks Holding (%)


HCL Technologies Ltd 5.47

HDFC Bank Ltd 5.37

Infosys Ltd 4.26

eClerx Services Ltd 4.18

Sectors Holding (%)IT - Software 21.87

Banks 17.76


Automobile 6.96

FMCG 5.30

0

20

40

60

80

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


4.80

16.82

11.53

-3.33

12.67

6.93


Tata Dividend Yield Fund (G) Nifty 500


26/61


ELSS - AXIS Long Term Equity Fund

Inception December 29, 2009 AUM (Nov-15) Rs. 6497 Crore

Fund Manager Jinesh Gopani Exit Load (Nov-15) NIL


(December 2014 – November 2015, %) The fund will be a diversified basket of strong growth companies

that have sustainable business models. The investments will not

be restricted only to the stocks included in the benchmark index

that is S&P BSE 200. The Fund Manager is given the flexibility to

select stocks from across the market capitalization spectrum. The

stocks in the portfolio will be selected using a bottom up approach

and the focus will be on the appreciation potential of each

individual stock from a fundamental perspective. The SID states

that “The universe of stocks is carefully selected to include

companies having robust business models and enjoying

sustainable competitive advantages as compared to their

competitors”.






Stock

Average

Holding

(%)

Stock Average

Holding (%)

Sector Average

Holding (%)

HDFC Bank Ltd 6.92 Eicher Motors Ltd 2.76 Banks 15.77

Kotak Mahindra Bank Ltd 6.18 P I Industries Ltd 2.72 Finance 11.71

Tata Consultancy Services Ltd 5.64Motherson Sumi Systems

Ltd2.53 IT - Software 10.51

Housing Development

Finance Corporation Ltd5.54 GRUH Finance Ltd 2.22 Pharmaceuticals 10.38

Larsen & Toubro Ltd 5.49 Symphony Ltd 2.06

Sun Pharmaceuticals

Industries Ltd4.09 Bata India Ltd 1.99

TTK Prestige Ltd 3.84 Bajaj Finance Ltd 1.64

Maruti Suzuki India Ltd 3.26 WABCO India Ltd 1.52

Divis Laboratories Ltd 2.95 Page Industries Ltd 1.24

Cummins India Ltd 2.92 TTK Healthcare Ltd 0.86


Stocks Holding (%)

HDFC Bank Ltd 8.16


Tata Consultancy Services Ltd 6.17

Housing Development Finance Corporation Ltd 5.35


Sectors Holding (%)

Banks 15.49

Finance 12.50

Pharmaceuticals 10.59IT - Software 10.31


0

20

40

60

80

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


6.19

26.81

19.09

-4.11

12.09

6.54


AXIS Long Term Equity Fund (G) S&P BSE 200


27/61


ELSS - BNP Paribas Long Term Equity Fund


Fund Manager Shreyash Devalkar Exit Load (Nov-15) NIL



The fund will have a diversified portfolio of stocks that aim at

generating long-term capital growth. The fund will be actively

managed across the different market cycles. The fund, in its

endeavour to manage the liquidity requirements, will take a small

exposure in debt and money market instruments.


40Stocks as on November

20157

Stocks held continuously during




Stock Average

Holding (%)Stock Average


Holding (%)

HDFC Bank Ltd 6.52 Tata Consultancy Services Ltd 2.82 Banks 17.14

Bharti Airtel Ltd 6.01 Va Tech Wabag Ltd 2.19

Infosys Ltd 3.90 Wipro Ltd 1.95

ICICI Bank Ltd 2.97


Stocks Holding (%)

HDFC Bank Ltd 7.98





Sectors Holding (%)

Banks 22.95

Telecomm-Service 14.14IT - Software 7.72


FMCG 5.51

0

20

40

60

80

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


6.43

21.11

15.26

-4.68

11.88

6.53


BNP Paribas Long Term Equity Fund (G) Nifty 200


28/61


ELSS - Franklin India Taxshield

Inception April 10, 1999 AUM (Nov-15) Rs. 1853 Crore

Fund Manager Anand Radhakrishnan Exit Load (Nov-15) NIL


(December 2014 – November 2015, %) The fund will invest into a diversified basket of stocks without any

bias towards a particular sector. The Fund Manager can freely move

across the market capitalization spectrum while selecting stocks for

the portfolio. The stock selection will be done using a bottom up

approach and will follow a blend of value and growth style of

investing.






Stock

Average

Holding

(%)

Stock

Average

Holding

(%)

Sector Average

Holding (%)

Infosys Ltd 6.19 Eicher Motors Ltd 2.26 Banks 23.51

Bharti Airtel Ltd 5.75 Amara Raja Batteries Ltd 2.17 Pharmaceuticals 10.65

ICICI Bank Ltd 5.49 Kotak Mahindra Bank Ltd 2.06 IT - Software 9.62

HDFC Bank Ltd 5.36 Wipro Ltd 1.91

Dr Reddys Laboratories Ltd 3.59 Cadila Healthcare Ltd 1.87

IndusInd Bank Ltd 3.35 Federal Bank Ltd 1.83

Reliance Industries Ltd 2.88 Pidilite Industries Ltd 1.82

Torrent Pharmaceuticals Ltd 2.62 Marico Ltd 1.81

Grasim Industries Ltd 2.47 Gujarat Pipavav Port Ltd 1.72

Yes Bank Ltd 2.45 Cummins India Ltd 1.68

Top Holdings as on November 2015 Fund Performance vis-à-vis Benchmark (%)Stocks Holding (%)

HDFC Bank Ltd 6.98

Infosys Ltd 5.14

ICICI Bank Ltd 3.92



Sectors Holding (%)

Banks 26.68

IT - Software 10.13


Automobile 8.02


0

20

40

60

80

100

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


5.42

21.06

14.38

-3.33

12.67

6.93


Franklin India Taxshield - (G) Nifty 500


29/61


ELSS - ICICI Prudential Long Term Equity Fund (Tax Saving)


Fund Manager George Heber Joseph Exit Load (Nov-15) NIL


(December 2014 – November 2015, %) The fund will use the value based style of investing to select the

stocks and this will be done with the help of in-house research.

The Fund Manager will be actively managing this fund on a regular

basis. As per the SID, “The AMC in selecting scrips will focus on the

fundamentals of the business, the industry structure, the quality

of management, sensitivity to economic factors, the financial

strength of the company and the key earnings drivers”.






Stock

Average

Holding

(%)

Stock

Average

Holding

(%)

Sector Average

Holding (%)

HDFC Bank Ltd 6.75 Kalyani Investment Company Ltd 0.19 Banks 16.42

Tech Mahindra Ltd 2.84 Precot Meridian Ltd 0.08 IT - Software 11.49Great Eastern Shipping

Company Ltd2.21


Stocks Holding (%)

HCL Technologies Ltd 8.66

HDFC Bank Ltd 7.53

Cipla Ltd 5.51

Thomas Cook (India) Ltd 4.96

Power Grid Corporation of India Ltd 4.61

Sectors Holding (%)Banks 12.98


IT - Software 11.09

Finance 9.33


0

20

40

60

80

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


1.93

20.99

13.46

-3.33

12.67

6.93


ICICI Pru Long Term Equity Fund - (G) Nifty 500


30/61


ELSS - Reliance Tax Saver (ELSS) Fund


Fund Manager Ashwani Kumar Exit Load (Nov-15) NIL


(December 2014 – November 2015, %) The aim of the fund is to identify stocks that provide superior levels

of returns at lower levels of risks. The Fund Manager will be

following an active investment strategy taking defensive or

aggressive positions depending on the opportunities available in the

market. The fund will focus on diversifying the portfolio so as to

reduce the concentration risk.






Stock

Average

Holding

(%)

Stock

Average

Holding

(%)

Sector Average

Holding (%)

TVS Motor Company Ltd 7.82 The Ramco Cements Ltd 2.26Capital Goods - Electrical

Equipment13.54

Alstom T&D India Ltd 3.29 Cummins India Ltd 2.01 Automobile 13.08

Divis Laboratories Ltd 2.87 KSB Pumps Ltd 1.84 Banks 10.46

Bharat Forge Ltd 2.87 Info Edge (India) Ltd 1.77

Honeywell Automation

India Ltd2.83 Shoppers Stop Ltd 1.72

Federal-Mogul Goetze

(India) Ltd2.82 Hathway Cable & Datacom Ltd 1.28

Schneider Electric

Infrastructure Ltd2.71 Ramkrishna Forgings Ltd 1.09

Siemens Ltd 2.65 Indian Metals & Ferro Alloys Ltd 1.07

Trent Ltd 2.48


Stocks Holding (%)

TVS Motor Company Ltd 9.87


ICICI Bank Ltd 4.55

ITC Ltd 4.33

Honeywell Automation India Ltd 4.00

Sectors Holding (%)

Banks 16.88

Automobile 9.87

Capital Goods - Electrical Equipment 9.85Auto Ancillaries 6.66


0

20

40

60

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

A p r - 1 5

M a y - 1 5

J u n - 1 5

J u l - 1 5

A u g - 1 5

S e p - 1 5

O c t - 1 5

N o v - 1 5


-2.37

23.63

15.50

-6.47

11.00

6.27


Reliance Tax Saver (ELSS) Fund - (G) S&P BSE 100


31/61


ELSS - Tata India Tax Savings Fund


Fund Manager Rupesh Patel Exit Load (Nov-15) NIL


(December 2014 – November 2015, %) The Fund Manager will be using a combination of top down and

bottom up approach while selecting stocks. The sectors that will

be identified for investment will depend on the Fund

Management Team’s analysis of business cycles, regulatory

reforms, competitive advantage, future outlook etc. As per the

SID, “The Scheme will emphasize well managed, high quality

companies with above average growth prospects that can be

purchased at a reasonable price. Typically these companies will

be highly competitive, with a large and growing market share”.






Stock

Average

Holding

(%)

Stock

Average

Holding

(%)

SectorAverage

Holding (%)

HDFC Bank Ltd 5.58 Tata Consultancy Services Ltd 3.21 Banks 16.32

ICICI Bank Ltd 4.86 Tata Motors-DVR 2.34 IT - Software 14.10

Infosys Ltd 4.85 WABCO India Ltd 1.74

HCL Technologies Ltd 4.20 Grasim Industries Ltd 1.72

Housing Development

Finance Corporation Ltd3.84


Stocks Holding (%)

HDFC Bank Ltd 5.57

Infosys Ltd 3.78

Jet Airways (India) Ltd 3.48

Axis Bank Ltd 3.47Bharat Electronics Ltd 2.78

Sectors Holding (%)

Banks 18.94


IT - Software 9.13

Construction 6.07


0

20

40

60

80

D e c - 1 4

J a n - 1 5

F e b - 1 5

M a r - 1 5

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11.66

20.77

13.14

-8.83

10.576.01


Tata India Tax Savings Fund (D) S&P BSE Sensex


32/61


Global - Franklin India Feeder - Franklin U.S. Opportunities Fund

Inception February 6, 2012 AUM (Nov-15) 766 Crore

Fund Manager Roshi Jain Exit Load (Nov-15) 1% for 3 Years, Nil after 3 Years

Investment Strategy Fund Performance vis-à-vis Benchmark (%)

The fund invest into the units of Franklin U. S. Opportunities Fund,

which is an international mutual fund investing into the equities of

United States of America. The parent fund does not have any market

capitalization bias while investing into stocks and has a strong growth

potential across a wide range of sectors. The fund uses the bottom up

approach to select stocks and follows the growth style of investment.

Benchmark - Russell 3000 Growth Index

Global - JPMorgan Greater China Equity Off-shore Fund

Inception August 26, 2009 AUM (Nov-15) 73 Crore

Fund Manager Ravi Ratanpal* Exit Load (Nov-15) 1% within 12 months, NIL after 12 Months

Investment Strategy Fund Performance vis-à-vis Benchmark (%)

The fund will invest into JPMorgan Funds – Greater China Fund, an equity

fund that invests primarily in a diversified portfolio of companies that are

domiciled in, or carrying out the main part of their economic activity in, a

country of Greater China region. The underlying fund will invest into

companies from the People’s Republic of China, Hong Kong and Taiwan

(Greater China).

Benchmark – MSCI Golden Dragon Index

* Mr. Ravi Ratanpal replaced Mr. Namdev Chougule as the Fund Manager for this scheme with effect from February 11, 2016.

12.19

24.13

1 Year 3 Year

Franklin India Feeder - Franklin U.S. Opp. (G)

1.99

12.5310.28

1 Year 3 Year 5 Year

JPMorgan Greater China Equity Off-Shore Fund(G)


33/61


Banking Sector - ICICI Prudential Banking & Financial Services Fund


Fund Manager Vinay Sharma Exit Load (Nov-15) 1.00% on or before 1Y ,NIL after 1Y


(December 2014 – November 2015, %) The fund’s aim is to invest into companies engaged in banking and

financial services. As per the SID, “Financial services companies

listed in the Indian equity markets include companies like Max India,

Aditya Birla Nuvo, Motilal Oswal, etc. which provide non-banking

financial services like stock broking, wealth management, insurance,

etc. Most of the banks in India like HDFC Bank, ICICI Bank, State

Bank of India, etc. also provide these services in addition to the

traditional banking services”. The fund will invest into banks and

non-banking financial companies.


24 Stocks as on November 2015 9Stocks held continuously during December 2012 –

November 2015

StockAverage

Holding (%)Stock

Average

Holding (%)

HDFC Bank Ltd 18.50 Sundaram Finance Ltd 3.25

ICICI Bank Ltd 14.27 City Union Bank Ltd 3.24

State Bank of India 7.15 Union Bank of India 2.77

Max India Ltd 5.07 Oriental Bank of Commerce 2.47

Federal Bank Ltd 4.06


Stocks Holding (%)

HDFC Bank Ltd 16.01

ICICI Bank Ltd 10.71


Axis Bank Ltd 8.03Bajaj Finserv Ltd 6.01

Top Sectors (Nov-15) Holding (%)

Banks 70.50

Finance 23.01

Packaging 2.87

0

20

40

60

80

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-0.99

17.77

12.58

-6.08

12.60

7.89


ICICI Pru Banking & Financial Services (G) S&P BSE BANKEX


34/61


Pharmaceutical Sector - SBI Pharma Fund


Fund Manager Tanmaya Desai Exit Load (Nov-15) NIL


(December 2014 – November 2015, %) The funds mandate is to invest into pharmaceutical companies.


14 Stocks as on November 2015 5Stocks held continuously during December 2012 –

November 2015

StockAverage

Holding (%)Stock

Average

Holding (%)

Sun Pharmaceuticals Industries Ltd 23.87 Divis Laboratories Ltd 6.29

Lupin Ltd 10.74 Indoco Remedies Ltd 2.15

Aurobindo Pharma Ltd 6.68


Stocks Holding (%)



Lupin Ltd 10.18

Aurobindo Pharma Ltd 9.41


Sectors Holding (%)


0

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MUTUAL FUNDS 2016

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