1. The document discusses the disciplined approach of IDFC Dynamic Equity Fund, which dynamically allocates between equity, debt, and arbitrage based on a predefined model that uses PE ratios to determine allocation.
2. When markets decline and valuations become more attractive, the fund increases its equity allocation, up to a maximum of 100% in very attractive markets. When valuations become expensive, the fund decreases its equity allocation down to a minimum of 30%.
3. The document provides examples of how the fund has provided downside protection in the past during market declines by having a lower equity allocation, while still participating in upside when markets increase.
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Sep 16SBI Mutual Fund
SBI Magnum Balanced Fund invests in a mix of equity and debt investments. It provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds. The scheme invests in a diversified portfolio of equities of high growth companies and balances the risk through investing the rest in a relatively safe portfolio of debt.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
SBI Dynamic Asset Allocation Fund: An Open-ended Dynamic Asset Allocation Sch...SBI Mutual Fund
SBI Dynamic Asset Allocation Fund is an open-ended dynamic asset allocation scheme which aims to provide investors an opportunity to invest in a portfolio of a mix of equity and equity-related securities and fixed-income instruments which will be managed dynamically so as to provide investors with long-term capital appreciation.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes.aspx
Hdfc Prudence Fund - What a successful journey so far...Pradip Chinnakonda
One of my favourite Fund, a fund managed by Shri Prashant Jain who has brought laurels to HDFC AMC and himself. The dividend yield consistency is so good that we have started recommending this fund as a pension fund. A fund which all investor should have in their portfolio.
SBI Dual Advantage Fund - Series XIX - Feb 2017SBI Mutual Fund
SBI Dual Advantage Fund - Series XIX is a 1150 Days close-ended hybrid scheme. The primary investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the maturity of the scheme. The secondary objective is to generate capital appreciation by investing a portion of the scheme corpus in equity & equity related instruments. However, there can be no assurance that the investment objective of the Scheme will be realized.
Learn more at -https://www.sbimf.com/en-us/pages/sbi-dual-advantage-fund-series-xix.aspx
SBI Magnum Equity Fund: An Equity Mutual Fund - Jul 2016SBI Mutual Fund
SBI Magnum Equity Fund is an open ended Equity Mutual which is best suited for investors seeking long term investment. This Mutual Fund Scheme seeks to provide maximum growth opportunities from a portfolio of equity and debt instruments of companies having high growth potential. To know more about this product check our website page https://www.sbimf.com/Products/EquitySchemes/Magnum_Equity_Fund.aspx
SBI Equity Savings Fund: An Hybrid Fund By SBI Mutual Fund - Jul 2016SBI Mutual Fund
SBI Equity Savings Fund is best suited for an investor who wants to combine the potential for capital appreciation along with regular income & medium volatility. For more information on mutual funds check the SBI Mutual Fund website https://www.sbimf.com today!
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Sep 16SBI Mutual Fund
SBI Magnum Balanced Fund invests in a mix of equity and debt investments. It provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds. The scheme invests in a diversified portfolio of equities of high growth companies and balances the risk through investing the rest in a relatively safe portfolio of debt.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
SBI Dynamic Asset Allocation Fund: An Open-ended Dynamic Asset Allocation Sch...SBI Mutual Fund
SBI Dynamic Asset Allocation Fund is an open-ended dynamic asset allocation scheme which aims to provide investors an opportunity to invest in a portfolio of a mix of equity and equity-related securities and fixed-income instruments which will be managed dynamically so as to provide investors with long-term capital appreciation.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes.aspx
Hdfc Prudence Fund - What a successful journey so far...Pradip Chinnakonda
One of my favourite Fund, a fund managed by Shri Prashant Jain who has brought laurels to HDFC AMC and himself. The dividend yield consistency is so good that we have started recommending this fund as a pension fund. A fund which all investor should have in their portfolio.
SBI Dual Advantage Fund - Series XIX - Feb 2017SBI Mutual Fund
SBI Dual Advantage Fund - Series XIX is a 1150 Days close-ended hybrid scheme. The primary investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the maturity of the scheme. The secondary objective is to generate capital appreciation by investing a portion of the scheme corpus in equity & equity related instruments. However, there can be no assurance that the investment objective of the Scheme will be realized.
Learn more at -https://www.sbimf.com/en-us/pages/sbi-dual-advantage-fund-series-xix.aspx
SBI Magnum Equity Fund: An Equity Mutual Fund - Jul 2016SBI Mutual Fund
SBI Magnum Equity Fund is an open ended Equity Mutual which is best suited for investors seeking long term investment. This Mutual Fund Scheme seeks to provide maximum growth opportunities from a portfolio of equity and debt instruments of companies having high growth potential. To know more about this product check our website page https://www.sbimf.com/Products/EquitySchemes/Magnum_Equity_Fund.aspx
SBI Equity Savings Fund: An Hybrid Fund By SBI Mutual Fund - Jul 2016SBI Mutual Fund
SBI Equity Savings Fund is best suited for an investor who wants to combine the potential for capital appreciation along with regular income & medium volatility. For more information on mutual funds check the SBI Mutual Fund website https://www.sbimf.com today!
SBI Magnum Multicap Fund: An Equity Fund By SBI Mutual Fund - Jul 2016SBI Mutual Fund
SBI Multicap Mutual Fund is a mutual fund best suited for investors looking for capital appreciation with a long term investment horizon. This Fund aims to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum and in debt and money market instruments. Know more about this mutual fund on SBI Mutual Fund page https://www.sbimf.com/Products/EquitySchemes/Magnum_Multicap_Fund.aspx.
SBI Dynamic Asset Allocation Fund: A Hybrid Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Dynamic Asset Allocation Fund is an open-ended dynamic asset allocation scheme which aims to invest in mix of equity and equity-related securities and fixed-income instruments. This hybrid mutual fund scheme is suitable for investors looking for superior risk adjusted returns over the long term. To learn more about this mutual fund check SBI Mutual Fund page https://www.sbimf.com/Hybrid-Funds/SBI-Dynamic-Asset-Allocation-Fund/index.html
SBI Magnum Monthly Income Plan: A Hybrid Mutual Fund Scheme - Aug 2016SBI Mutual Fund
SBI Magnum Monthly Income Plan (SBI MMIP) is a hybrid fund which invests in government securities, corporate debt and money market instruments as well as a small portion in equity. This mutual fund scheme has a moderate risk profile and is best suited for investors seeking long term capital appreciation. Check the SBI Mutual Fund page https://www.sbimf.com/Products/HybridSchemes/Magnum_Monthly_Income_Plan.aspx for more information about this mutual fund.
Retirement is a big event in everyone's life. But have you prepared for it. If you have not planned for it till yet so just look at this presentation.If you have queries regarding retirement planning,just call me for more information @ 9828298041
SBI Emerging Businesses Fund: An Open-ended Equity Fund - Jan 17SBI Mutual Fund
SBI Emerging Businesses Fund focuses on the theme of emerging businesses - businesses showing promise based on the growth potential arising out of export/outsourcing opportunities or global competitiveness.The fund also evaluates Emerging Businesses with growth potential and domestic focus. To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/en-us/equity-schemes/sbi-emerging-businesses-fund
SBI Short Term Debt Fund : An Open Ended Debt Fund - Aug 2016SBI Mutual Fund
SBI Short Term Debt Fund is an open ended income fund where the portfolio average maturity is capped at 3 years. This Debt scheme has the flexibility to invest in money market instruments, corporate bonds, Government securities/ T bills and securitized debt. SBI Short Term Debt Mutual Fund is best suited for investors seeking regular income for short term. To know more about this Debt Scheme visit our website https://www.sbimf.com/Products/DebtSchemes/SBI_Short_Term_Debt_Fund.aspx now!
SBI Money Market Funds : Investment in Debt & Money Market Securities - Aug 2016SBI Mutual Fund
SBI Money Market Mutual Fund comprises of SBI Premier Liquid Fund and SBI Ultra Short Term Debt Fund. SBI Premier Liquid Fund is a liquid fund which makes investments in securities with maturity less than or equal to 91 days. SBI Ultra Short Term Debt Fund would seek to generate regular returns while providing investors with a high degree of liquidity through investment in a portfolio comprising predominantly money market instruments with maturity / residual maturity up to one year. Check SBI MF Premier Liquid Fund On https://www.sbimf.com/Products/LiquidSchemes/SBI_Premier_Liquid_Fund.aspx and SBI Ultra Short Debt Fund on https://www.sbimf.com/Products/DebtSchemes/SBI_Ultra_Short_Term_Debt_Fund.aspx
SBI Magnum Income Fund (MIF): An Income Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Magnum Income Fund provides investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in debt & money market securities. To know more about this mutual fund check the SBI Mutual Fund Page https://www.sbimf.com/Products/DebtSchemes/sbi-magnum-income-fund
SBI Magnum Equity Fund: An Open-ended Equity Scheme - March 17SBI Mutual Fund
SBI Magnum Equity Fund is an equity scheme that seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
SBI Magnum Equity Fund: An Open-ended Equity Scheme - May 17SBI Mutual Fund
SBI Magnum Equity Fund is an equity scheme that seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
SBI Equity Savings Fund: An Open-ended Equity Scheme - Sep 16SBI Mutual Fund
"SBI Equity Savings Fund is an open-ended equity scheme which aims to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity.This equity scheme offers the investor 3 benefits in one fund-income oppurtunity,growth potential of equity and tax efficieny. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/Products/EquitySchemes.aspx"
SBI Magnum Multicap Fund: An Open-ended Growth Scheme - May 17SBI Mutual Fund
SBI Magnum Multicap Fund provides investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum and in debt and money market instruments. To learn more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-multicap-fund
SBI Emerging Businesses Fund: An Open-ended Equity Fund - Sep 16SBI Mutual Fund
SBI Emerging Businesses Fund focuses on the theme of emerging businesses - businesses showing promise based on the growth potential arising out of export/outsourcing opportunities or global competitiveness.The fund also evaluates Emerging Businesses with growth potential and domestic focus. To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/EquitySchemes/MSFU_-_Emerging_Businesses_Fund.aspx
SBI Magnum Balanced Fund: Balance Between Growth And Stability - Apr 2016SBI Mutual Fund
"SBI Magnum Balanced Fund invests in a mix of equity and debt investments. This Hybrid scheme provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds.
For more information about this hybrid scheme check our website page https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
SBI Magnum Equity Fund: An Open-ended Equity Scheme - Jan 17SBI Mutual Fund
SBI Magnum Equity Fund is an equity scheme that seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
SBI Magnum Multicap Fund: An Equity Fund By SBI Mutual Fund - Jul 2016SBI Mutual Fund
SBI Multicap Mutual Fund is a mutual fund best suited for investors looking for capital appreciation with a long term investment horizon. This Fund aims to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum and in debt and money market instruments. Know more about this mutual fund on SBI Mutual Fund page https://www.sbimf.com/Products/EquitySchemes/Magnum_Multicap_Fund.aspx.
SBI Dynamic Asset Allocation Fund: A Hybrid Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Dynamic Asset Allocation Fund is an open-ended dynamic asset allocation scheme which aims to invest in mix of equity and equity-related securities and fixed-income instruments. This hybrid mutual fund scheme is suitable for investors looking for superior risk adjusted returns over the long term. To learn more about this mutual fund check SBI Mutual Fund page https://www.sbimf.com/Hybrid-Funds/SBI-Dynamic-Asset-Allocation-Fund/index.html
SBI Magnum Monthly Income Plan: A Hybrid Mutual Fund Scheme - Aug 2016SBI Mutual Fund
SBI Magnum Monthly Income Plan (SBI MMIP) is a hybrid fund which invests in government securities, corporate debt and money market instruments as well as a small portion in equity. This mutual fund scheme has a moderate risk profile and is best suited for investors seeking long term capital appreciation. Check the SBI Mutual Fund page https://www.sbimf.com/Products/HybridSchemes/Magnum_Monthly_Income_Plan.aspx for more information about this mutual fund.
Retirement is a big event in everyone's life. But have you prepared for it. If you have not planned for it till yet so just look at this presentation.If you have queries regarding retirement planning,just call me for more information @ 9828298041
SBI Emerging Businesses Fund: An Open-ended Equity Fund - Jan 17SBI Mutual Fund
SBI Emerging Businesses Fund focuses on the theme of emerging businesses - businesses showing promise based on the growth potential arising out of export/outsourcing opportunities or global competitiveness.The fund also evaluates Emerging Businesses with growth potential and domestic focus. To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/en-us/equity-schemes/sbi-emerging-businesses-fund
SBI Short Term Debt Fund : An Open Ended Debt Fund - Aug 2016SBI Mutual Fund
SBI Short Term Debt Fund is an open ended income fund where the portfolio average maturity is capped at 3 years. This Debt scheme has the flexibility to invest in money market instruments, corporate bonds, Government securities/ T bills and securitized debt. SBI Short Term Debt Mutual Fund is best suited for investors seeking regular income for short term. To know more about this Debt Scheme visit our website https://www.sbimf.com/Products/DebtSchemes/SBI_Short_Term_Debt_Fund.aspx now!
SBI Money Market Funds : Investment in Debt & Money Market Securities - Aug 2016SBI Mutual Fund
SBI Money Market Mutual Fund comprises of SBI Premier Liquid Fund and SBI Ultra Short Term Debt Fund. SBI Premier Liquid Fund is a liquid fund which makes investments in securities with maturity less than or equal to 91 days. SBI Ultra Short Term Debt Fund would seek to generate regular returns while providing investors with a high degree of liquidity through investment in a portfolio comprising predominantly money market instruments with maturity / residual maturity up to one year. Check SBI MF Premier Liquid Fund On https://www.sbimf.com/Products/LiquidSchemes/SBI_Premier_Liquid_Fund.aspx and SBI Ultra Short Debt Fund on https://www.sbimf.com/Products/DebtSchemes/SBI_Ultra_Short_Term_Debt_Fund.aspx
SBI Magnum Income Fund (MIF): An Income Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Magnum Income Fund provides investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in debt & money market securities. To know more about this mutual fund check the SBI Mutual Fund Page https://www.sbimf.com/Products/DebtSchemes/sbi-magnum-income-fund
SBI Magnum Equity Fund: An Open-ended Equity Scheme - March 17SBI Mutual Fund
SBI Magnum Equity Fund is an equity scheme that seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
SBI Magnum Equity Fund: An Open-ended Equity Scheme - May 17SBI Mutual Fund
SBI Magnum Equity Fund is an equity scheme that seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
SBI Equity Savings Fund: An Open-ended Equity Scheme - Sep 16SBI Mutual Fund
"SBI Equity Savings Fund is an open-ended equity scheme which aims to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity.This equity scheme offers the investor 3 benefits in one fund-income oppurtunity,growth potential of equity and tax efficieny. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/Products/EquitySchemes.aspx"
SBI Magnum Multicap Fund: An Open-ended Growth Scheme - May 17SBI Mutual Fund
SBI Magnum Multicap Fund provides investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum and in debt and money market instruments. To learn more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-multicap-fund
SBI Emerging Businesses Fund: An Open-ended Equity Fund - Sep 16SBI Mutual Fund
SBI Emerging Businesses Fund focuses on the theme of emerging businesses - businesses showing promise based on the growth potential arising out of export/outsourcing opportunities or global competitiveness.The fund also evaluates Emerging Businesses with growth potential and domestic focus. To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/EquitySchemes/MSFU_-_Emerging_Businesses_Fund.aspx
SBI Magnum Balanced Fund: Balance Between Growth And Stability - Apr 2016SBI Mutual Fund
"SBI Magnum Balanced Fund invests in a mix of equity and debt investments. This Hybrid scheme provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds.
For more information about this hybrid scheme check our website page https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
SBI Magnum Equity Fund: An Open-ended Equity Scheme - Jan 17SBI Mutual Fund
SBI Magnum Equity Fund is an equity scheme that seeks capital appreciation through investment in diversified portfolio of equities of high growth companies, along with liquidity of an open ended scheme. To know more about this mutual fund check the SBI Mutual Fund Page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
ICICI Prudential Hybrid/FOF Schemes Bluebook | September 2022iciciprumf
Diversification aims to capture benefits from each asset class that a single investment cannot do. The ICICI Prudential Hybrid/FOF schemes bluebook suggests investing in Hybrid/FOF schemes to diversify your portfolio.
Add a bit of flexibility to your portfolio by investing across sectors with ICICI Prudential Flexicap Fund. Aim for liquidity and consistency by investing in largecap companies and long-term growth potential with mid, and smallcap companies and work towards your wealth creation goals. NFO launches on 28th June 2021.
To know more, head to https://bit.ly/3xZP4qB
Edelweiss Mid Cap Fund Details | Edelweiss MFJuneRobert1
Edelweiss midcap fund seeks to generate capital appreciation from a diversified portfolio investment in midcap companies. To invest in mid cap mutual funds visit Edelweiss MF today.
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Dec 16SBI Mutual Fund
SBI Magnum Balanced Fund invests in a mix of equity and debt investments. It provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds. The scheme invests in a diversified portfolio of equities of high growth companies and balances the risk through investing the rest in a relatively safe portfolio of debt.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
2. Contents
2
1. Investor behaviour & investment solution
2. Buy, Buy, Buy - If not now then when!
3. Disciplined approach of IDFC Dynamic Equity Fund
4. More about the fund
4. Typical investor behaviour
4
An average investor’s psychology
gets impacted by his recent
experience and thus ends up doing
the complete opposite –
“Buy high and sell low”
5. Flows supporting this hypothesis
5
Investor experience
≠
Market performance
Nifty in Jan’08: 6288
Flows: INR 21,247cr
Nifty in Mar’15: 8996
Flows: INR 17,286cr
Nifty in Oct’08: 2524
Flows: INR 2146cr
Nifty in Feb’16: 6970
Flows: INR 10,876cr
This is only for illustration purposes only. The flows mentioned here are gross sales into Equity/ELSS and NFOs
Source: AMFI
7. Need for a fund with disciplined investing
7
Removes the need to
time the market /
removes human bias
of predicting trends
Reduced volatility versus
pure equity - cushioning
the drawdowns
Model based approach
Dynamic Allocation between
Equity ↔ Debt ↔ Arbitrage
8. a
Introducing dynamic asset allocation
8
Model based approach that allocates dynamically between
EQUITY DEBT Arbitrage /
Hedged Equity
Capital
Appreciation
Regular
Income
Downside risk
reduction
10. Nifty in Feb’16: 6970
Why you should buy more when markets are low
10
Past Return
≠
Future Return
The chart is only for illustration purposes only. Past performance may or may not be sustained in future.
Source: MFI
Nifty in Oct’08: 2524
11. Markets down significantly since January’20 peak
11
8000
9000
10000
11000
12000
13000
31-Dec-19
07-Jan-20
14-Jan-20
21-Jan-20
28-Jan-20
04-Feb-20
11-Feb-20
18-Feb-20
25-Feb-20
03-Mar-20
10-Mar-20
17-Mar-20
Nifty 50 Index
Fall in markets and
valuation call for increased
allocation towards equity
Data as on March 2020
15
20
25
30
31-Dec-19
7-Jan-20
14-Jan-20
21-Jan-20
28-Jan-20
4-Feb-20
11-Feb-20
18-Feb-20
25-Feb-20
3-Mar-20
10-Mar-20
17-Mar-20
Nifty 50 PE
Valuations
Markets
12. Allocation towards equity has increased
12
IDFC Dynamic Equity Fund
has increased its allocation
to 65% as per its model
Allocation as on 31st Dec’19
46%
65%
Allocation as on 18th Mar’20
The allocation presented here is based on net equity allocation
13. a
Journey of the fund – when markets were down
13
From Nifty 50
Nifty Midcap
100
Nifty Smallcap
100
Benchmark IDFC DEF
Avg. Equity
Allocation
Jan'18 to Mar'18 -9.8% -13.0% -15.3% -5.6% -4.3% 52%
Aug'18 to Oct'18 -14.4% -17.5% -24.2% -9.2% -8.1% 51%
Jun'19 to Aug'19 -9.7% -13.1% -17.5% -5.1% -4.1% 51%
Jan'20 to Feb'20 -33.0% -32.7% -39.2% -19.8% -18.7% 55%
Cushioning the downside with lower equity allocation
Past performance may or may not be sustained in future.
15. The fund strategy
15
Dynamic
Allocation
between Debt
& Equity
Predefined
Model –
using PE
values
Active
Management
Diversified
Portfolio
* Fund will maintain 65% Equity allocation at all times for Equity taxation & hedging will be used to reduce effective equity exposure up to 30%
16. The ‘Buy Low – Sell High’ model
16
Equity Allocation is based on the model below
PE Bands Equity Allocation
<12 90-100
12-16 75-90
16-19 65-75
19-22 55-65
22-26 40-55
>26 30-40
Equity Allocation would be basis month-end weighted average Trailing PE ratio of Nifty 50
PE and changes will happen once a month
Cheaper Markets – Higher Equity
Allocation
Expensive Markets – Lower Equity
Allocation
17. Dynamic allocation between equity and debt
17
100%
90% 85%
75% 70%
60% 55% 50%
40%
30%
5% 10% 15%
25%
35%
10% 15%
25% 30% 35% 35% 35% 35% 35%
65%
Equity Exposure Arbitrage Debt Equity
Low PE High PE
As the Nifty PE moves from Low to High the allocation towards Net Equity reduces
The minimum Equity
holding requirement
of 65% to meet Equity
taxation eligibility is
met with investment
in Equity Derivatives
This is only for illustration purposes only.
18. Changes in equity allocation with market valuation
18
19
20
21
22
23
24
25
26
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
P/E
Ratio
Net
Equity
Allocation
Net Equity Allocation P/E (RHS)
Source: IDFC MF, Bloomberg
Data as on Feb’20
19. a
Journey in different markets
19
When the market goes up
IDFC DEF has been able to participate in the market upside despite
having lower active equity exposure at all times
From Nifty 50
Nifty Midcap
100
Nifty Smallcap
100
Benchmark DEF
Avg Equity
Allocation
Feb'19 to Feb'20 5.0% 1.5% -3.3% 7.1% 11.1% 49%
Feb'18 to Feb'20 4.7% -6.7% -16.7% 5.1% 5.5% 51%
Feb'17 to Feb'20 9.5% 1.7% -4.5% 8.1% 7.9% 51%*
*Since repositioning i.e. Sep 2017
When the market remains sideways
From Nifty 50
Nifty Midcap
100
Nifty Smallcap
100
Benchmark DEF
Avg Equity
Allocation
Jul'17 to Mar'18 0.5% 0.9% -1.4% 1.9% 2.3% 50%*
Jan'18 to Jul'18 0.3% -14.6% -21.0% -0.8% 0.5% 53%
Jun'19 to Nov'19 0.2% -6.7% -11.5% 2.0% 2.3% 50%
Past performance may or may not be sustained in future.
21. Equity allocation strategy
21
Management Quality Past Financial History Earning Growth Trajectory
3Cs –Corporate governance, Capital
allocation & shareholder wealth
Creation
• Superior Cash Generation
• Sector leading return on capital
• Low financial leverage
Strong earnings visibility
Equity Stock Selection Framework
Investment strategy and asset allocation will be as per provisions of SID
22. Fixed Income allocation strategy
22
Quality Duration Allocation mix
Preference for High Quality • Preference towards short to
moderate duration portfolio
Optimize the mix between ‘carry’
and ‘mark-to-market’ (MTM) income
Actively managed Debt portion
Investment strategy and asset allocation will be as per provisions of SID
23. Who should invest?
23
WHO
SHOULD
INVEST?
Investors who wish to
participate in Equity
Markets with a relatively
conservative approach
Investors looking to
invest dynamically
between Debt and Equity
while benefitting from
equity taxation
Investors seeking alpha in a volatile /
uncertain market environment
Suitable for conservative investor or for 1st time investors
24. Fund detail
24
An open ended
dynamic asset allocation fund
Min. application amount is
Rs.5,000 and any amount
thereafter
50% S&P BSE 200TRI +
50% Nifty AAA Short
Duration Bond Index
• For 10% of investment: Nil
• For remaining: 1% if
redeemed/switched out
within 1 year from the date of
allotment
Nature
Minimum
Application Amount
Benchmark Exit Load
Equity: Mr. Arpit Kapoor &
Mr. Sumit Agarwal
Debt: Mr. Arvind Subramanian
Fund Manager*
*Overseas investment will be managed by Mr. Viraj Kulkarni
25. Scheme performance
25
B-Benchmark, AB- Alternate Benchmark
Performance based on NAV as on 28/02/2020. Past performance may or may not be sustained in future.
Refer following slide for performance on other funds managed by the fund manager
The performances given are of regular plan growth option.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
The fund has been repositioned from a Nifty linked fund to an open banded fund w.e.f. June 19, 2017.
26. Performance of other scheme managed
26
Performance based on NAV as on 28/02/2020. Past Performance may or may not be sustained in future. The performance details provided herein are of regular plan growth option. Regular and
Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
IDFC Large Cap Fund’s Current Index performance adjusted for the period from since inception to June 28, 2007 with the performance of S&P BSE 100 price return index (Benchmark). The fund
has been repositioned from IPO fund to a large cap fund w.e.f. April 18, 2017. IDFC Dynamic Equity fund has been repositioned from a Nifty linked fund to an open banded fund w.e.f. June 19,
2017. Current Index performance adjusted for the period from since inception to May 28, 2018 with the performance of CRISIL Hybrid 85+15 Conservative Index (Benchmark for IDFC Asset
Allocation Fund- Conservative Plan and IDFC Asset Allocation Fund- Moderate Plan) and CRISIL Hybrid 35+65 - Aggressive Index (Benchmark for IDFC Asset Allocation Fund – Aggressive Plan). The
fund has been repositioned w.e.f. May 28, 2018 and since will invest only in the schemes of IDFC Mutual Funds.
27. Performance of other scheme managed
27
Performance based on NAV as on 28/02/2020. Past Performance may or may not be sustained in future
The performance details provided herein are of regular plan growth option. Regular and Direct Plans have different expense structure.
Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
IDFC Large Cap Fund’s Current Index performance adjusted for the period from since inception to June 28, 2007 with the performance of S&P BSE 100 price return index (Benchmark).
The fund has been repositioned from IPO fund to a large cap fund w.e.f. April 18, 2017. IDFC Dynamic Equity fund has been repositioned from a Nifty linked fund to an open banded fund
w.e.f. June 19, 2017.
Performance of other scheme managed by Mr. Sumit Agarwal
28. Performance of other scheme managed
28
Performance of other scheme managed by Mr. Arvind Subramanian
Performance based on NAV as on 28/02/2020. Past Performance may or may not be sustained in future
The performance details provided herein are of regular plan growth option. Regular and Direct Plans have different expense structure.
Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
IDFC Dynamic Equity fund has been repositioned from a Nifty linked fund to an open banded fund w.e.f. June 19, 2017.
29. Product label
29
Disclaimer:
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED
DOCUMENTS CAREFULLY.
The Disclosures of opinions/in house views/strategy incorporated herein is provided solely to enhance the
transparency about the investment strategy / theme of the Scheme and should not be treated as endorsement
of the views / opinions or as an investment advice. This document should not be construed as a research
report or a recommendation to buy or sell any security. This document has been prepared on the basis of
information, which is already available in publicly accessible media or developed through analysis of IDFC
Mutual Fund. The information/ views / opinions provided is for informative purpose only and may have
ceased to be current by the time it may reach the recipient, which should be taken into account before
interpreting this document. The recipient should note and understand that the information provided above
may not contain all the material aspects relevant for making an investment decision and the stocks may or
may not continue to form part of the scheme’s portfolio in future. The decision of the Investment Manager
may not always be profitable; as such decisions are based on the prevailing market conditions and the
understanding of the Investment Manager. Actual market movements may vary from the anticipated trends.
This information is subject to change without any prior notice. The Company reserves the right to make
modifications and alterations to this statement as may be required from time to time. Neither IDFC Mutual
Fund / IDFC AMC Trustee Co. Ltd./ IDFC Asset Management Co. Ltd nor IDFC, its Directors or representatives
shall be liable for any damages whether direct or indirect, incidental, punitive special or consequential
including lost revenue or lost profits that may arise from or in connection with the use of the information.