Religare Growth Fund Presentation

8/9/2019 Religare Growth Fund Presentation

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Religare Growth Fund(An open-ended diversified equity scheme)

Build a solid core for your portfolio with one single investment option

May 2010


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Religare Growth Fund

Religare Growth Fund is an All-Weather and Multi-Strategy equityfund

Diversified fund which invests across market capitalization and is styleneutral

Utilizes Bottom Up approach for stock selection, also takes a Top Downview to manage risk


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Source: ICRA MFIE, Analysis: RMF

Performance leadership keeps changing across market-cap*

Fund aims to have market cap distribution in line with the market indices

* based on quarterly returns of indices

Case for investing across market-cap


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Source: MSCI, Analysis: RMF

No particular investment style has consistently dominated the marketsin the past

Fund will not have any style bias

Case for investing across style

Monthly excess returns over MSCI India Index

-6

-5

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MSCI India Value MSCI India Growth


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Invests across market cap and across sectors utilizing the Bottom Upapproach. Top down view to manage risk

To remain fully invested. Exposure to equities in range of 85% - 100%

Limited deviations in sector allocations relative to benchmark index The fund will not go overweight or underweight in any sector by more than 50%.*

Allocation in terms of different market-capitalization segment would bein line with the market indices

The fund will not invest more than 35%# in stocks with market cap lower than the lowestmarket cap in Nifty index.

Portfolio consists of 31-40 stocks

*Portfolio to be reviewed and rebalanced every quarter, based on GICS classification for sectorweightages.# The limit is ascertained every quarter and rebalanced accordingly.

Religare Growth Fund - Portfolio Characteristics


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Foundation that provides a broad based exposure to the market

Helps build a core position which aims at performing consistently acrossall market conditions*

Being style neutral, multi-cap and diversified reduces volatility

Provides investors with an ideal balance between risk and returns*

Fund aims for above average returns with correspondingly lower risk

Ideal for first time investors looking for equity exposure

* Investment objective may or may not be achieved

Why Religare Growth Fund?


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Net assets: Rs 74.06 crores, as on 31st May, 2010

Portfolio data as on 31st May, 10. Sector classification is as per AMFI industry classification

Religare Growth Fund - Portfolio

Top Ten Holdings % of NetAssets

Infosys Technologies Ltd. 7.18%

ITC Ltd. 4.59%

Larsen & Toubro Ltd. 4.41%

Reliance Industries Ltd. 4.24%

HDFC Bank Ltd. 3.57%

Indian Oil Corporation Ltd. 3.34%

Oil & Natural Gas Corporation Ltd. 3.15%

GAIL (India) Ltd. 3.06%

Bharti Airtel Ltd. 3.02%

Tata Consultancy Services Ltd. 3.01%

Total 39.57%

Top 10 Sectors % of NetAssets

Banks 15.96%

Petroleum Products 13.35%

Software 12.90%

Consumer Non Durables 10.00%

Pharmaceuticals 5.82%

Oil 4.86%

Finance 4.64%

Power 4.53%

Construction Projects 4.41%

Gas 4.34%

Total 80.81%


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Source: RMF

Religare Growth Fund - Performance Update

Performance AttributesReligare

Growth FundBenchmark

Index

Standard Deviation(monthly)

9% 12%

Sharpe Ratio 0.06(monthly)

0.03(monthly)

Beta 0.77* 1.00

R-Squared 0.95 * 1.00

PeriodReligare Growth

Fund#BSE 100*

1 Month $ -0.51% -3.60%

3 Months $ 6.62% 3.23%

1 Year $$ 29.18% 18.65%

Since Inception$$@

5.42% 5.49%

Past performance may or may not be sustained in

future.

*Figure based on 2 years monthly data history. Risk-freerate of return is assumed to be 5.05% (based on theprevailing yield of 91 day Treasury Bill). Returns are forgrowth option. Data as on May 31, 2010

#Past performance may or may not be sustainedin future.

Performance of Growth option; $ Absolute returns $$Compounded Annualized, @ Inception Date: 9th

August 2007

Performance (as on May 31, 2010) Risk Ratios


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SIP Analysis (Rs 1000 invested on the firstbusiness day of every month)

Growth of Rs 10,000

Disclaimer: The above investment simulation is forillustrative purpose only and should not be construed as apromise on minimum returns and safeguard of capital.The AMC / Mutual Fund is not guaranteeing or promisingor forecasting any returns. SIP does not ensure a profit orguarantee protection against a loss in a declining market.Please refer SIP Enrolment Form or contact nearest ISCfor Load Structure.

* Past performance may or may not be sustained infuture.

Returns are of growth option. Load is not taken intoconsideration. Please refer relative performance table onearlier slide for non SIP returns

Past performance may or may not be sustained infuture.

Inception Date: 9th August, 2007. Date as on 31st May, 2010.The above calculation is based on the 1st declared NAV date i.e

13/08/07.

Religare Growth Fund - Performance Update

SIP InvestmentsLast 12months

Sinceinception

Total amount invested (Rs.) 12,000 34,000

Market value as on May 31, 2010(Rs.) Scheme

13,363 42,337

Market value as on May 31, 2010(Rs.) BSE 100

12,625 41,329

Religare Growth Fund*(annualised)

21.87% 15.74%

BSE 100 (annualised) 9.88% 13.94%

11705

11688

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Religare Growth Fund - Growth

BSE100


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Key Facts

Category An Open-Ended Diversified Equity Scheme

Investment Objective To generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

Asset Allocation

* Debt instruments may include securitized debt (excluding foreign securitised debt) upto 35% of the net assets.

# Maximum exposure to the derivatives shall not be exceeding 50% of the Net assets of the Scheme, subject to the limitsas specified by SEBI, from time to time.

Minimum ApplicationAmount

Rs 5000 per application and in multiples of Re. 1 thereafter.

Options Growth Option

Dividend Payout

Dividend Reinvestment ( If dividend payable under dividend option is equal or less than Rs 500/- then the dividendwould be compulsorily reinvested)

Loads Entry Load: Nil

Exit Load: 1% (if redeemed/switched out on or before 1 year from the date of allotment); Nil (if redeemed/switched outafter 1 year from the date of allotment)

Fund Manager Pradeep Kumar

Benchmark BSE 100

Type of Instruments Indicative Allocations (% of corpus) Risk Profile

Equity & Equity Related Instruments # 65-100% High

Debt* & Money Market Instruments 0-35% Low to medium


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Equity

Investment Philosophy & Process


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Active Fund Management

Our core investment premise is that the equity markets are not completelyefficient

A well-organized and thorough research effort combined with a disciplinedportfolio management approach will enable out performance of the market index

over time

Being True to Mandate

The funds investment objective is paramount

Stock selection, industry and asset allocation flow from the fund objectives

No style bias; use stock appropriate measures

Equity Investment Philosophy


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Equity Investment Process

Bottom Up

Stock Categorisation

Top Down Analysis

Industry/ Economic/ TechnicalAnalysis

Discuss

& DebatePortfolio Construction

Risk -

Monitor

& Review

People Factor

- Diversity

Fund Objective

Stock Universe

Fundamental

Selection Factors


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* P2P Path to Profit, ROE Return on Equity

Equity Stock Categorization Framework

Stock Category Descriptions(e.g.)

Growth

Prospects(e.g.)

Company Attribute(e.g.)

Financial P arameter (e.g.)

Star Young companies High growthEntrepreneur vision,

scalabilityOperating Leverage

LeaderEstablished

companies

In line or better

than industry

Track record ofleadership, globally

competitive

Industry leading margin / ROE

WarriorYoung /

establishedcompanies

Better thanindustry

Unique propositionand / or right place,

right timeMargin & ROE expansion

DiamondCompany withvaluable assets

Low growthManagement intent

to unlock valueValue of asset / business

Frog PrinceCompany in aturnaroundsituation

Back to growthIntrinsic strengths in

core businessP2P, ROE expansion

ShotgunOpportunisticinvestment

Positive surpriseCorporate event,

restructuring,earnings news

Event visibility

CommoditiesCall on the cycle

is paramountPositive

Integration, costefficiency, globally

competitiveProfit leverage


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Vetri Subramaniam, Head Equity FundsVetri has over 15 years' experience in the Indian equity markets and is responsible for the AMC's equity portfolio.He joins Religare Asset Management from Motilal Oswal Securities where he was the Chief Investment Officer.Prior to Motilal Oswal, he was working as an Advisor to Boyer Allan Investment Management, UK, where he wasadvising them on their investments in India. Vetri has also worked with Kotak Mahindra Asset Management asHead of Equity Funds, Sharekhan.com as Chief Investment Advisor and SSKI Securities as Vice President - EquitySales. Vetri holds a Commerce degree and holds a PGDM from Indian Institute of Management, Bangalore.

Pradeep Kumar - Fund Manager

Pradeep has over 9 years experience in fund management and equity analysis. Prior to joining Religare AssetManagement, Pradeep was a Fund Manager in ABN Amro Mutual Fund where he was actively managing threeequity funds. Prior to ABN Amro Asset Management he was working with DBS Cholamandalam AMC, initially as anequity analyst and then as a Fund Manager. Prior to joining the investment field, Pradeep worked as a MechanicalEngineer for 2 years. Pradeep holds a Mechanical Engineering degree and is an MBA from Mumbai University.

Vinay Paharia Associate Fund ManagerVinay has over 7 years experience in equity research. Prior to joining Religare Asset Management, Vinay was anEquity Research Analyst with DBS Cholamandalam AMC. Prior to DBS Cholamandalam AMC, Vinay worked withKRC, a domestic broking house, as an Analyst in the PMS division and as a sell side analyst with First Global. Vinayholds a Commerce degree and holds an MMS degree from Welingkar Institute of Management, Mumbai. He is alsoa Chartered Financial Analyst from ICFAI.

Biographies Equity Team


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Disclaimer: All opinions, figures, charts/graphs, estimates and data included in this presentation are as of current date and are subject to changewithout notice. The data used in this material is obtained by Religare AMC from the sources which it considers reliable. While utmost care has beenexercised while preparing this document, Religare AMC does not warrant the completeness or accuracy of the information and disclaims all liabilities,losses and damages arising out of the use of this information. The recipient of this material should rely on their investigations and take their ownprofessional advice. Risk Factors: All mutual funds and securities investments are subject to market risks and there can be noassurance that the objective of Scheme w ill be achieved. Investment in Mutual Fund units involve investment risks such as trading volumes,settlement risk, liquidity risks, default risk including the possible loss of capital. As with any investment in securities, the NAV of the unitsissued under Scheme may go up or down depending upon the factors and forces affecting the securities markets. Past performance ofthe Sponsor and its affiliates / AMC / Mutual Fund and its Scheme(s) do not indicate the future performance of the Scheme of the Mutual Fund.Religare Growth Fund, an open ended diversified equity scheme, is only the name of the Scheme and does not in any manner indica teeither the quality of the Scheme, its future prospects and returns. Please read the Scheme Information Document and Statement ofAdditional Information before investing. The units will be available for subscription and redemption on all Business days at applicable NAV,

subject to applicable load. Statutory Details: Religare Mutual Fund has been set up as a trust sponsored by Religare Securities Ltd. (liabilityrestricted to Rs. 1,50,000) with Religare Trustee Company Ltd. as the Trustee (Trustee under the Indian Trusts Act, 1882) and with Religare AssetManagement Company Ltd. as the Investment Manager.

MK

TG/GROWTHFUNDPPT/0610/C00264

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Religare Growth Fund Presentation

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