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AMC Presentation - November 2008
 

AMC Presentation - November 2008

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AMC Presentation - November 2008 AMC Presentation - November 2008 Presentation Transcript

  • November 2008 Sundaram BNP Paribas Asset Management
  • Quick background
    • Investment manager for Sundaram BNP Paribas Mutual Fund sponsored by Sundaram Finance & Newton Group in 1996. Newton exited in 2002
    • BNP Paribas Asset Management (BNPP AM) became a partner in 2006
    • The company is now a joint venture between
      • Sundaram Finance (50.1 % stake)
      • BNPP AM (49.9 % stake)
    • The sponsors have an equal say in management and offer significant synergy
    • An experienced local asset manager in India
      • Track record of close to 12 years
      • 60 per cent is in equity assets
      • A team of 20 investment professionals
      • Expertise in equity & fixed-income
      • Acclaimed funds
    • Website: www.sundarambnpparibas.in
  • Structure for mutual fund business Custodians SEBI Sundaram Finance Limited BNP Paribas Asset Management Sundaram BNP Paribas Trustee Company Limited Sundaram BNP Paribas Asset Management Company Limited Sundaram BNP Paribas Mutual Fund C A M S Standard Chartered / HDFC Bank / HSBC Sponsors Investment Manager Trustee Mutual Fund Transfer Agent Investor
  • Role profile & ownership pattern Sundaram BNP Paribas Mutual Fund Organised as a Trust Sundaram BNP Paribas Asset Management Company
    • Investment manager for mutual fund
    • Investment advisory
    • Portfolio management services
    Sundaram BNP Paribas Trustee Company Launches funds
    • Safeguard interest of investors in the mutual fund
    • Oversight of the Investment Manager
    Ownership Sundaram Finance (50.1%) BNP Paribas Asset Management (49.9%)
  • BNP Paribas Investment Partners A member Money markets European fixed income Equities Indexed management Structured investments Multi-management Wealth management Employee retirement Funds of hedge funds Hedge funds Currency management Credit and structured credit Private equity Global fixed income Environmental Asset Allocation & savings schemes New markets
  • Vision, Mission & Philosophy To take the least cost and most effective solution Never ever take short cuts Admit and share mistakes - internally Take necessary steps to avoid repetition of work Respect others, their needs, religion and sentiments Be on time always Communicate freely and maintain confidentiality Develop and maintain trust Work as a coherent team To be a significant player in the Indian asset management space and be one of the top ten asset managers To provide people the best experience in accessing financial markets
    • Respect others, their needs and sentiments
    • Develop and maintain trust
    • Communicate freely and maintain confidentiality
    • Be on time always
    • Never ever take short cuts
    • Admit and share mistakes …
  • Bouquet of well-defined products Equity Funds Select Focus Select Mid Cap Select Small Cap Growth Fund India Leadership S.M.I.L.E. Fund Equity Multiplier Tax Saver Balanced Fund Select Thematic Funds Capex Opportunities Rural India Energy Opportunities Financial Services Opportunities Entertainment Opportunities Fund of Funds Global Advantage Fixed- Income Funds Money Fund Liquid Plus Bond Saver Floating Rate Fund – Long Term & Short Term Fixed Term Plans Capital Protection 3 years Capital Protection 5 years Monthly Income Plan S.M.I.L.E. denotes Small & Medium Indian Leading Equities Monthly Income Plan is not an assured income scheme
  • Products on risk-return spectrum Risk-return map for products based on relative returns and risk and does not provide any indication about performance in the future LOW HIGH India Leadership S.M.I.L.E Rural India Global Advantage Tax Saver Select Midcap Select Focus Growth Floating Rate-Long-Term Floating Rate-Short-Term Money Fund Monthly Income Plan Balanced Fixed Term Plans Bond Saver Energy Opportunities Equity Multiplier Liquid Plus Capex Opportunities Select Small Cap Financial Services Opportunities Entertainment Opportunities
  • Assets under management Data Source: Factsheet Past performance may or may not be sustained AUM as on November 30, 2008 Rs Crore Break up AUM does not include assets under advisory AUM Growth in $ Billion 0.1 1.9 November 2008 August 2001
  • Sponsors 1.Sundaram Finance
    • The group was founded by Mr. T V Sundaram Iyengar in 1911 as a bus service
    • Considered as one of the most respected names in Indian business
    • Leaders in quality management
    • Pioneers in employee welfare, customer satisfaction and values
    Origin of Sundaram Finance TVS - a reputed & diversified business group
    • Established in 1954 as a subsidiary of Madras Motor and General Insurance (part of the TVS Group)
    • Founded by Sri T S Santhanam (1912-2005)
    • IPO in 1972
    Origin of Sundaram Finance TVS’ automobile business Founded to serve TVS group customers 1954 1970-1990 Established a strong presence in financing commercial vehicles 1990s-
    • Targeted capture of retail space in financial services
    • Reliance on organic growth and joint ventures with foreign partners to capitalise on new opportunities
  • Positive brand experience
    • Brand survey findings
    • Perceived as higher on all parameters reinforcing positive experience
    • Performance has always exceeded promise
    • Highest level of word-of-mouth recommendation
    • Customer loyalty deepens with longer association
    Service Openness Fair play Integrity Discipline Relationships Prudence
  • The Sundaram Finance group Sundaram Finance Distribution Royal Sundaram General Insurance Sundaram Business Services Sundaram Info Tech Solutions LGF Services Limited Sundaram BNP Paribas Asset Management Sundaram BNP Paribas Home Finance Infreight Logistics Solutions Sundaram BNP Paribas Trustee Company Joint venture between Royal & Sun Alliance UK and Sundaram Finance
  • Key financials of Sundaram Finance Figures are only for Sundaram Finance; Increase in equity is only due to conversion of reserves to equity Source: Annual Report of Sundaram Finance & Earnings Statement for FY 08 Financial Year: April of Year T to March of Year T+1 Rs Crore Rs Crore % Rs Crore Rs Crore Rs Crore Rs Crore Rs Crore 42 29 38 22 17 18 8 3 1610 150 213 303 8924 1043 28 2008 1099 105 100 165 7070 878 28 2007 931 135 171 227 5452 811 28 2006 675 75 76 145 4488 683 28 2005 533 70 56 101 3093 523 24 2004 227 75 46 82 2670 487 24 2003 547 35 65 128 1637 228 24 1996 86 25 12 35 458 42 12 1991 Dividend Post-Tax Earnings Financial Year Equity Net-Worth Market Cap Pre-Tax Earnings Receivables
  • Sponsors 2.BNP Paribas Asset Management
  • Global Framework: BNP Paribas group French Retail Bank International Retail Banking & Financial Services BNL Banca Commerciale BNP PARIBAS Retail Bank Asset Management & Services Corporate & Investment Banking BNP Paribas Investment Partners Distribution & Business Development Investment Management Support Functions BNP Paribas Securities Service BNP Paribas Private Bank BNP Paribas Real Estate BNP Paribas Assurance BNP Paribas Personal Investors
  • A world-wide footprint Istanbul Paris London Milan Madrid Amsterdam Budapest Frankfurt Geneva Lisbon Luxembourg Prague Vienna Zurich Casablanca Bahrain Kuwait India Hong Kong Seoul Shanghai Tokyo Beijing Brunei Kuala Lumpur Melbourne Singapore Sydney Taipei Americas Middle east / Africa Europe Asia New York Boston São Paulo Buenos Aires Montevideo Saudi Arabia Asset Management and Client Servicing Centres Client Servicing Centres
  • Multi-specialist approach Expanding investment opportunity set & expertise Time 1964 BNP and Paribas establish their asset management business
    • 2001
    • Overlay Asset Management (foreign exchange)
    • Fauchier Partners (funds of hedge funds)
    2003 CooperNeff Alternative Managers (single hedge funds)
    • 2005
    • FundQuest (managed a/cs) Exchange Traded Funds (EasyETF)
    • Sundaram BNP Paribas Asset Management
    • (India)
    • TEB Asset Management
    • (Turkey)
    2000 BNP and Paribas merge 1999 Fischer Francis Trees & Watts (global fixed income)
    • 1998
    • Shinhan ITMC (Korea)
    • BMCI Gestion (Morocco)
    2004 SYWG BNP Paribas Asset Management (China) 2006 BNP Paribas Private Equity 2007 Impax ( Environmental markets ) 2008 S A I B (Saudi Arabia) Financial strength as part of BNP Paribas Group 2,250 professionals worldwide in 30 countries AUM: $ 520 billion as of March 31, 2008
  • Expertise that works for you
    • Global Fixed Income and Credit Management
    • European Fixed Income
    • Total Return
    • Money Markets
    FIXED INCOME
    • Placing the client first by locating our Client Relationship Managers close to their markets
    • Ensuring suitable investment solutions through dialogue with product specialists
    BNP Paribas Investment Partners
    • Hedge Funds
    • Funds of Hedge Funds
    • Private Equity
    • Multi-Strategy
    • Currency Management
    ALTERNATIVES
    • Structured Products
    • Indexed Products
    • Asset Allocation
    • Multi-Management
    • Wealth Management
    MULTI-EXPERT SOLUTIONS
    • Retirement & Saving Schemes
    • Global and Regional Equities
    • Equities – market cap and style portfolios
    • Emerging Markets
    EQUITY
  • Multiple asset classes, diversified client-base Asset Class Source: BNP Paribas Asset Management; as at March 2008 including assets under advisory Client Profile Profile of AUM AUM: $ 520 billion as of March 31, 2008
  • The Sundaram BNP Paribas Edge
  • Investment process Fundamentals & Management Assessment Fund Mangers+ Economist RESEARCH TEAM External Research Published Information Company Visit Recommended List Internal Investment Committee Final Fund Portfolio APPROVED BUY LIST Executive Committee STOCK SELECTION Top-Down Approach Fund Themes Sector and Stock Limits Bottom-Up Stock Picking Portfolio Construction Idea Flow & Research Approval of Stocks Best Trade Execution Risk Management Norms Idea Generation Diversification Liquidity An active fundamental approach
    • Robust and transparent investment process
      • Process is as important as the end result
        • Process is meant to control emotions
        • Stay true to defined parameters
        • All actions should be explainable
    • A disciplined team approach
      • To build a group where every member understands the goals
      • Fund managers are expected to adhere to the investment objectives of individual funds at all times
    • Clearly defined products
      • An extensive product range for all risk/return profiles
    • Quality service
      • Emphasis on quality at all levels is the key to long-term success
    Key strengths
  • Key strengths
    • Robust in-house research
    • Ability to
      • identify ideas early
      • zero in on the right stocks
      • show patience
      • be disciplined in selling
    • Rigorous risk management and compliance to contain risks without sacrificing performance
    • Acclaimed track record for several products
    • Class leading large-cap and mid-cap funds (Select Focus & Select Mid Cap)
    • High share of equity assets in the AUM
  • The fund management team
    • Satish Ramanathan , a CFA Charter Holder, is the Head-Equity. He is a graduate from IIT Chennai and has specialised in Finance & MIS in his MBA. He has extensive experience in the asset management business with stints in research at Sundaram BNP Paribas Asset Management and in fund management with Franklin Templeton. He has been involved in equity research for more than a decade and brings expertise in tracking several key sectors in the Indian economy.
    • Satish Ramanathan manages Select Mid Cap, Tax Saver, Select Small Cap, Equity Multiplier & Entertainment Opportunities
    • K. Ramkumar is the Head-Fixed Income. He is a science graduate from Madras University and a Cost Accountant. He is a Certified Associate of Indian Institute of Bankers and has completed a Diploma in Business Finance from the ICFAI, Hyderabad. He has over 15 years experience in the Mutual Fund Industry. His prior experience includes 12 years with UTI Mutual Fund and 4 years with SBI Funds Management.
    • Ramkumar manages Floating Rate Fund, Bond Saver and is the co-fund manager for Liquid Plus & Fixed Term Plans.
    • Srividhya Rajesh , a CFA Charter Holder, focuses on the equity markets. She is also a management graduate from BITS Pilani and has completed specialized courses in equity research and financial applications from ICFAI, Hyderabad. She has been with the company from 1996. A two-year stint at the broking arm of Kotak Mahindra opened a window to the equity markets.
    • Srividhya Rajesh manages Select Focus & Capex Opportunities
    The fund management team J Venkatesan, a Cost Accountant and a Post-Graduate in Commerce, has an experience of more than two decades in the banking and asset management businesses. A seven-year stint at Canara Bank was followed by a shift to the asset management industry through CanRobeco Mutual Fund. With a rich experience of close to ten years in fund management, he joined the company in January 2006. Venkatesan manages Growth Fund, India Leadership, Rural India, Financial Services Opportunities S Krishnakumar is an engineer from REC (now National Institute of Technology), Trichy, he completed his MBA from LIBA, Chennai. He has worked for 18 years of which the latest eleven years relate to the equity markets. Before joining our fund house, he was Vice President (Research) at Anush Shares & Securities. Krishnakumar manages for the S.M.I.L.E Fund & Energy Opportunities Rahul Pal focuses on the fixed-income space. He is a Chartered Accountant. A three-year stint at IDBI Treasury provided an apt learning ground on the intricacies of fixed-income market. Rahul then joined Sundaram BNP Paribas Asset Management with an active role in fund management. Rahul Pal manages Money Fund and is the co-fund manager for Liquid Plus & Fixed Term Plans.
    • Risk management as an independent function ensures effective risk control
    • Risk management is a complement to the investment process
    • The objective of the risk management process is to monitor and measure the risks of portfolio construction, diversification and holdings and their contribution to the overall risk profile of each fund with clear definitions of process and procedures
    • Investment risk:
      • Market risk: Identification, measurement and control of market risks
      • Credit risk: Maintenance and control of target limits & risk measurement
      • Valuation risk: Mark-to-market & definition of processes and methodology
      • Support to investment team in performance analysis
      • Risk control parameters for new products & risk disclosures in Scheme Information Document
    • To perform risk analysis, third-party as well as proprietary tools are used
    Risk management A vital part of the process
    • Establish risk policy
    • Evaluate performance
    • Review major risk factors
    • Confirm risk action plan
    Risk Officer Global Compliance Officer
    • Monitor internal risk budget
    • Measure performance
    • Analyze funds’ risk
    • Review of new products risk
    Risk Committee Compliance Officer
    • Govern internal control
    • Compliance monitoring
    • Review legal documents
    • New product filings
    • Share risk policy
    • Report risk factors on a regular
    • basis
    • On site review, when and
    • where necessary
    • With BNPP AM New Markets CIO,
    • CRO and BNPP AM Strategist
    • Discuss investment strategy &
    • performance and review risk
    A clear risk organisation Managing Director BNPP AM New Markets Monthly Meeting Risk management
  • Relative Performance Card 2007 Awards & Accolades Track Record November 2008
  • Peer comparison Returns & Ranking as of December 31 2007; Data Source: Value Research; Quartiles comparison: in house; Past performance is not an indicator of future performance If there are 100 funds: Q 1:ranks 1-25, Q 2: ranks 26-50, Q3: ranks 51-75 and Q4: ranks 76-100  Quartile 1  Quartile 2  Quartile 3  Quartile 4 Dominant top-quartile presence 2007 Liquid Plus Capex Opportunities S.M.I.L.E. India Leadership Tax Saver Select Mid Cap Select Focus Growth Fund Three Years Fund Three Months Six Months One Year Two Years Five Years
  • Comparison with all equity funds Returns & Ranking as of December 31 2007; Data Source: Value Research; Quartiles comparison: in house; Past performance is not an indicator of future performance  Quartile 1  Quartile 2  Quartile 3  Quartile 4 Dominant top-quartile presence Select Small Cap Equity Multiplier 2007 Rural India Capex Opportunities S.M.I.L.E. India Leadership Tax Saver Select Mid Cap Select Focus Growth Fund Three Years Fund Three Months Six Months One Year Two Years Five Years
  • LIPPER Global Top 100 Fund For Disclaimers & Risk Factors, please refer slide 38 & 39 Select Focus CNBC TV18-CRISIL Award Best Large-Cap Fund 2007 & 2006 CRISIL~CPR 2 ICRA Five-Star Fund Value Research LIPPER Global Top 100 Fund Select Mid Cap CNBC TV18-CRISIL Award Best Diversified Fund 2006 Value Research Growth Tax Saver CRISIL~CPR 1 Value Research LIPPER Global Top 120 Fund Awards & accolades Balanced ICRA Five-Star Fund 1-year track record 2007 CRISIL ~ CPR 2 3 - year track record CRISIL ~ CPR 2 LIPPER Global Top 120 Fund Rural India Value Research
  • For Disclaimers & Risk Factors, please refer slide 38 & 39 India Leadership CNBC TV18-CRISIL Award Best Emerging Equity Fund 2005 ET Rating: Platinum ICRA Five-Star Fund LIPPER Global Top 120 Fund S.M.I.L.E Fund Capex Opportunities Awards & accolades LIPPER Global Top 100 Fund ICRA Five-Star Fund LIPPER Global Top 100 Funds CRISIL~CPR 2 CRISIL AAAf Rating 1-year track record 2007 3 - year track record CRISIL AAAf Rating Money Fund CRISIL ~ CPR 2 Liquid Plus CRISIL~CPR 2 CRISIL~CPR 2 Value Research Value Research
  • Track record of equity funds Past Performance may or may not be sustained in future Benchmark highlighted in italics Computed using NAV of Growth Option. Returns in % and as of November 2008 6.6 -2.6 -20.6 -58.1 BSE 500 8.9 1.3 -16.5 -52.2 Nifty 12.6 0.0 -17.6 -56.2 India Leadership 12.5 9.9 1.1 -18.5 -53.0 Sensex 11.3 8.9 1.3 -16.5 -52.2 Nifty 19.6 18.0 9.6 -8.6 -50.6 Select Focus 11.0 5.9 -4.8 -19.2 -58.6 CNX Mid Cap 7.8 2.1 -11.6 -28.9 -66.3 BSE Mid Cap 12.5 9.9 1.1 -18.5 -53.0 Sensex 20.6 15.3 2.8 -20.4 -56.5 Select Mid Cap 10.5 6.8 -1.6 -19.6 -56.7 BSE 200 23.4 18.2 6.2 -8.4 -46.8 Tax Saver 12.5 9.9 1.1 -18.5 -53.0 Sensex 10.5 6.8 -1.6 -19.6 -56.7 BSE 200 14.9 10.3 0.7 -16.7 -56.5 Growth Fund Four Years Five Years Three Years Two Years One Year Fund / Index
  • Computed using NAV of Growth Option. Returns in % and as of November 2008 Past Performance may or may not be sustained in future Benchmark highlighted in italics Track record of equity funds -66.3 BSE Mid Cap -68.6 BSE Small Cap -62.4 Select Small Cap -53.0 Sensex -58.6 CNX Mid Cap -55.6 Equity Multiplier -18.5 -53.0 Sensex -20.6 -58.1 BSE 500 -21.3 -60.0 Rural India -2.6 -20.6 -58.1 BSE 500 5.1 -15.5 -67.5 BSE Capital Goods -2.6 -20.6 -58.1 BSE 500 3.7 -17.0 -62.3 Capex Opportunities -4.8 -19.2 -58.6 CNX Mid Cap -1.6 -16.1 -57.6 S.M.I.L.E. Fund Three Years Two Years One Year Fund / Index
  • Track record of fixed-income funds Past Performance may or may not be sustained in future Computed using NAV of Growth Option. Returns in %, as on November 30, 2008 Money Fund Liquid Plus Floating Rate-Short Term Fund Benchmark For track record of other funds please refer factsheet
  • Disclaimer The disclosures, disclaimer and risk factors highlighted on this page are also available at www.sundarambnpparibas.in . A reference to this disclosures & disclaimer page may also be appended as a hyper-link to e-mails sent on behalf of Sundaram BNP Paribas. Asset Management and this page at www.sundarambnpparibas.in can be accessed by clicking on the hyperlink appended to such e-mails. If you reach this page at www.sundarambnpparibas.in through a hyperlink contained in a communication issued by Sundaram BNP Paribas Asset Management, this page must be treated an integral part of that communication. Please note his page contains important information that you must read. Past performance may or may not be sustained in future. Past performance is no guarantee of future result. Mutual Fund Investments are subject to market risks. Please read the offer document carefully before investing. For more details on fund-specific features, detailed risk factors and information on Sundaram BNP Paribas Asset Management, please read the Offer Document and/or visit www.sundarambnpparibas.in . Copy of the offer document, key information memorandum and application form may also be obtained from the offices / investor service centres of Sundaram BNP Paribas Asset Management, its distributors and online. Scheme-Specific Risk Factors: Applicable for all funds: Change in Government policy in general and changes in tax benefits applicable to mutual funds may impact the returns to Investors. For any overseas investments: country risk, currency risk and geopolitical risk, to name a few (Not applicable for Sundaram BNP Paribas Tax Saver and income schemes). Sundaram BNP Paribas Select Focus: Higher volatility due to a concentrated portfolio Sundaram BNP Paribas Select Mid Cap: Lack of liquidity at times and volatility Sundaram BNP Paribas Select Small Cap: Illiquidity risks are higher and may lead to higher impact costs. Impact costs are different from brokerage and custodian charges and not be minimised or eliminated. Unlisted equity can also affect liquidity. Prices may be more volatile. Greater sensitivity and vulnerability of smaller companies to changing economic conditions, lack of depth in management, difficulty in raising funds and be developing or marketing new products or services, outdated technologies, lack of bargaining power with suppliers, low entry barriers and issues of transparency and corporate governance enhance risks associated with small-cap stocks. Sundaram BNP Paribas Small and Medium Indian Leading Equities Fund (S.M.I.L.E) Fund: Small-cap stocks are generally more illiquid. Sundaram BNP Paribas Equity Multiplier: Risk of non-diversification Sundaram BNP Paribas Select Thematic Funds Capex Opportunities: Long gestation periods; pace at which investments materialize; incidence of taxation, government policy & firm-level inefficiency. Sundaram BNP Paribas Select Thematic Funds Rural India Fund: Vagaries of nature such as erratic monsoon, failure of crop & drought, to name a few; cyclical / seasonal factors. For any overseas investments relevant to rural-theme: country risk, currency risk and geopolitical risk. General Risk Factors: All mutual funds and securities investments are subject to market risks, and there can be no assurance or guarantee that fund's objectives will be achieved. NAV may go up or down, depending on the factors and forces affecting the securities market. Main types are market risk, liquidity risk, credit risk and systemic risks.At times, liquidity of investments may be impaired. There is uncertainty of dividend distribution and risk of capital loss. Past performance of the Sponsor/Asset Management Company/Fund does not indicate the future performance. Investors in the schemes are not being offered any guaranteed or indicated returns. The names of the schemes do not in any manner indicate either quality or future prospects and returns. Statutory: Mutual Fund: Sundaram BNP Paribas Mutual Fund is a trust under Indian Trusts Act, 1882 Sponsors (Liability is limited to Rs 1 lakh): Sundaram Finance Ltd & BNP Paribas Asset Management. Investment Manager: Sundaram BNP Paribas Asset Management Company Ltd. Trustee: Sundaram BNP Paribas Trustee Company Ltd. Lipper Top 100 Ranking: Five funds of Sundaram BNP Paribas Asset Management has featured in the World's 100 top-performing equity funds of Lipper as per a report provided by global fund intelligence agency Lipper, a Thompson Reuters Company. The report, highlighting the 100 top- performing equity funds in the world during the year 2007, is based on the study of all funds under the equity asset class tracked by Lipper using total returns in INR,, and having a minimum track record of at least one year as of December 2007 end. 24,887 equity funds (primary) qualified for the study.All returns are denominated in INR for the period ending on 31st December 2007. Data source: Lipper, a Thompson Reuters Company (www.lipperweb.com) Past performance is no guarantee of future result. Lipper Top 120 Ranking: Three funds of Sundaram BNP Paribas Asset Management featured in the World's 120 top-performing equity funds (making for a total of eight in the Top 120) of Lipper as per a customised report using the same parameters used for Lipper Top 100 equity funds report. Data source: Lipper, a Thompson Reuters Company (www.lipperweb.com). Past performance is no guarantee of future result. CNBC TV18-CRISIL Award: Sundaram BNP Paribas Select Focus was among the two schemes that won the CNBC TV18-CRISIL Mutual Fund of theYearAward in the Large- Cap Oriented Equity Fund Category for 2006 and 2007 from 23 schemes and 22 schemes that were considered for the award. Schemes present in all four quarter CRISIL CPRs were considered for the award. The award is based on consistency of scheme’s performance in the four quarterly CRISIL CPR rankings released during the calendar year 2006 and 2007. The individual CRISIL CPR parameter scores averaged for the four quarters were further multiplied by the parameter weight as per the CRISIL CPR methodology to arrive at the final scores. The criteria used in computing the CRISIL Composite Performance Rank are Superior Return Score, based on NAVs over the 2-year period ending December 31, 2006 and December 31 2007, Concentration and Liquidity of the scheme. The methodology does not take into account entry & exit loads.A detailed methodology of the CRISIL CPR is available at www.crisil.com. Past performance is no guarantee of future results. Past performance is no guarantee of future result. Rankings and Award Source: CRISIL FundServices, CRISIL Ltd. ICRA Ranking: Open-end diversified equity – defensive: (period ending December 31, 2007) Sundaram BNP Paribas S.M.I.L.E. Fund: A Five Star Fund for 1-year performance (Schemes considered: 73) Sundaram BNP Paribas Select Focus Fund: Five Star Fund for 3 year performance. (Schemes considered: 41) Sundaram BNP Paribas India Leadership Fund: Five Star Fund for 3 year performance (Schemes considered: 41) Sundaram BNP Paribas Balanced Fund has been ranked as a Five Star Fund in the category of ‘Open Ended Balanced’ schemes for its 1 year performance till December 31, 2007. (Schemes considered: 15). Past performance is no guarantee of future result. ICRA Five-Star Award indicates Best Performance (Top 10% of the category) The rank is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size, company concentration, portfolio turnover and liquidity. The ranking methodology did not take into account entry and exit loads imposed by the Fund. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of the funds. Past performance is no guarantee of future result. Ranking Source & Publisher: ICRA Online Limited ET Rating: ET Investor’s Guide does not accept responsibility for consequences of financial decisions taken by readers on the basis of information provided by the rating’. Past performance is no guarantee of future result. Source: ET Quarterly MF Tracker December 2007 . Value Research Rating: Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is based on the weighted-average monthly returns for the past three- and five-year periods. These ratings do not take into consideration any entry or exit load. Five-stars indicate that a fund is in the top 10 per cent of its category in terms of historical risk-adjusted returns. Four stars indicate that a fund is in the next 22.5 per cent of its category. The number of schemes in each category is mentioned along side the categories name. Equity Diversified (125), Equity Tax Planning (21) and Liquid Plus – Super Institutional (16). These fund ratings are as on November 30, 2008 Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by respective funds. Value Research does not guarantee the accuracy. Past performance is no guarantee of future Source: Value Research
  • Disclaimer CRISIL CPR Rankings: The criteria used in computing the CRISIL Composite Performance Rank are Superior Return Score, based on NAVs over the two-year period as on September 30, 2008, Concentration and Liquidity of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL CPR is no indicati on of the performance that can be expected from the scheme in future. CRISIL CPR~1 - The composite performance of Sundaram BNP Paribas Tax Saver is “Very Good" in the Equity Linked Savings Schemes Category, and ranks within the top 10% of the 21 schemes ranked in this category. CRISILCPR~2 - The composite performance of Sundaram BNP Paribas Growth Fund - Growth is “Good" in the Open-End Diversified Equity Schemes Category, and ranks within the top 30% of the 90 schemes ranked in this category. CRISILCPR~2 - The composite performance of Sundaram BNP Paribas Select Focus - Growth is “Good" in the Open-End Large-Cap Oriented Equity Schemes Category, and ranks within the top 90% of the 90 schemes ranked in this category. CRISILCPR~2 - The composite performance of Sundaram BNP Paribas India Leadership Fund - Growth is “Good" in the Open-End Diversified Equity Schemes Category, and ranks within the top 30% of the 90 schemes ranked in this category. CRISILCPR~2 - The composite performance of Sundaram BNP Paribas S.M.I.L.E Fund - Growth is “Good" in the Open-End Diversified Equity Schemes Category, and ranks within the top 30% of the 90 schemes ranked in this category. CRISIL~CPR~2 - The composite performance of Sundaram BNP Paribas Capex Opportunities is “Good" in the Open End Diversified Equity Category, and ranks within the top 30% of the 90 schemes ranked in this category. CRISIL~CPR~2 - The composite performance of Sundaram BNP Paribas Balanced Fund is “Good" in the Open End Balanced Fund Category, and ranks within the top 30% of the 16 schemes ranked in this category. CRISIL~CPR~2 - The composite performance of Sundaram BNP Paribas Money Fund - Regular is “Good" in the Liquid Fund Category and ranks within the top 30% of the 29 schemes ranked in this category. CRISIL~CPR~2 - The composite performance of Sundaram BNP Paribas Money Fund– Super Institutional is “Good" in the Liquid Fund – Super Institutional Category, and ranks within the top 30% of the 19 schemes ranked in this category. Ranking Source: CRISIL FundServices, CRISIL Limited Past performance is no guarantee of future result. CRISIL AAAf Rating: This rating indicates that the portfolio holdings of Sundaram BNP Paribas Money Fund provide strong protection against losses from credit defaults. The AAAf rating is valid only for Sundaram BNP Paribas Money Fund. The rating of CRISIL is not an opinion of the Asset Management Company's willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund that could vary with market developments. CARE AAAf Rating: CARE's fund quality rating is not a recommendation to purchase, sell, or hold a security/fund. It neither comments on the current market price, suitability for a particular investor nor on the prospective performance of the fund with respect to appreciation, volatility of net asset value (NAV), or yield of the fund. The ratings do not address the funds ability to meet the payment obligations to investors. The sources it considers reliable. CARE does not perform an audit in connection with any rating and may, on occasion, rely on unaudited information. The ratings may be changed, suspended, or withdrawn as a result of change in, or unavailability of such information, or based on other circumstances. Direct Investment: There will be no entry load for direct applications received by the asset management company. Applications submitted to asset Management Company or collection centres/investor service centres that are not routed through any distributor/agent/broker will qualify for this purpose. An investor while making the applications shall write in the space provided in the application form / or tick in the box provided against the mode of investment as ‘Direct’ and strike off the broker code. No entry and exit load will be applicable on dividend reinvestment and for bonus units. General Disclaimer: INVESTMAP, the Fact Sheet (referred to as document in the Disclaimer/Disclosures page) is issued by Sundaram BNP Paribas Asset Management, an investment manager registered with the Securities and Exchange Board of India in India and is produced for information purposes only. It does not constitute a prospectus or offer document or an offer or solicitation to buy any securities or other investment. Information and opinion contained in this document are published for the assistance of the recipient only; they are not to be relied upon as authoritative or taken as a substitution for exercise of judgment by any recipient. They are subject to change without any notice and not intended to provide the sole basis of any evaluation of the instrument discussed or offer to buy. It is neither a solicitation to sell nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever or be taken as investment advice. The information and opinions contained in this communication have been obtained from sources that Sundaram BNP Paribas Asset Management believes to be reliable; no representation or warranty, express or implied, is made that such information is accurate or complete and it should not be relied upon as such. Sundaram BNP Paribas Asset Management neither guarantees its accuracy and/or completeness nor does it guarantee to update the information from time to time. This communication is for private circulation only and for the exclusive and confidential use of the intended recipient(s) only. Any other distribution, use or reproduction of this communication in its entirety or any part thereof is unauthorized and strictly prohibited. By accepting this document you agree to be bound by the foregoing limitations. This communication is for general information only without regard to specific objectives, financial situations and needs of any particular person who may receive it and Sundaram BNP Paribas Asset Management is not soliciting any action based on this document. Sundaram BNP Paribas Asset Management in the discharge of its functions, may use any of the data presented in this document for its decision-making purpose and is not bound to disclose the same. Copies of the offer document and application form with key information memorandum may be obtained from the offices of Sundaram BNP Paribas Mutual offices and its authorized distributors or downloaded from www.sundarambnpparibas.in . For scheme specific risk factors, asset allocation, load structure, fund facts and taxation aspects please refer offer documents available online and at branches/Investor Service Centres, Note on Returns: As per the SEBI standards for performance reporting, “since inception” returns are calculated based on Rs 10 invested at inception of the funds. For this purpose the inception date is deemed to be the date of allotment. Returns are computed using NAV of the Growth Option where a separate Dividend and Growth option is available from inception and an adjusted-series of NAV for Sundaram BNP Paribas Growth Fund and Sundaram BNP Paribas Tax Saver for dividends declared before separate Dividend & Growth Options were introduced. Returns for period in excess of one year is on a compounded annual basis; the returns are net of fees and expenses but before taking into effect of entry load. Returns to investors may be lower to the extent of entry load and timing of investment in the fund. Past performance may or may not be sustained in future and the numbers should not be used as a basis for comparison with other investments. Quartile Disclaimer: The ranks derived on the basis of the methodology described in the Ranking Disclaimer has been used as the basis for categorising funds into first quartile (top 25% of funds by rank), second quartile (the second 25% by rank), third quartile (the third 25% by rank) and fourth quartile (the fourth 25% by rank). For example, if there are 100 funds, funds ranked between 1-25 will be quartile I, 26-50 Quartile 2, 51-75 Quartile 3 and 76-100 Quartile 4. The research on historical performance on which the quartiles and ranking are based has been sourced from Value Research, NAV India (an independent third party vendor of fund intelligence in India) and Bloomberg. The performance for ranking purposes has been reckoned as on December 31, 2007. The ranking of every fund in the primary category as of the two dates is available in an excel sheet at www.sundarambnpparibas.in . The analysis of the information has been carried in good faith in-house by Sundaram BNP Paribas Asset Management. The comparison does not take account into scheme-specific features such as specific asset allocation pattern, specific cap-curve or thematic orientation, entry/exit loads, expenses and fees and respective benchmarks for each fund considered for analysis. Attributes such as style and portfolio composition may also differ though the funds invest predominantly in equity and this latter aspect provides a common thread for creating a sub-category of comparable funds. Past performance may or may not be sustained in future. Past performance does not guarantee future result. Peer set excel comparison for each sub-category is also available at www.sundarambnpparibas.in
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