The document describes MARS (Mutual Fund Automated Portfolio Rebalancing System), a system that offers model portfolios of mutual funds to investors based on their risk appetite and periodically rebalances the portfolios. MARS aims to help investors achieve superior returns through disciplined asset allocation and selection of better performing funds, while overcoming the operational and behavioral challenges of managing investments. The system provides options for both dynamic and fixed asset allocation portfolios that are rebalanced either quarterly or yearly.
SIP, STP, and SWP are three common investment plans used in mutual funds. SIP allows investing a fixed amount regularly in a mutual fund scheme. STP transfers funds from one mutual fund scheme to another systematically. SWP allows withdrawing a fixed amount from a mutual fund scheme regularly. All three plans provide benefits like rupee cost averaging and tax efficiency. SIP is best for initial investments, STP for rebalancing portfolios, and SWP for exiting investments while receiving monthly income.
This document discusses systematic investment plans (SIPs) offered by mutual funds. An SIP allows investors to invest small regular amounts instead of lump sums. Investments are usually made weekly, monthly, or quarterly, and investors can stop or modify contributions anytime. SIPs offer benefits like rupee cost averaging, regular investing discipline, and powerful long-term returns through compounding. The document provides examples and formulas to demonstrate these concepts. It also notes some disadvantages of SIPs and outlines the steps to start one. Overall, SIPs are positioned as an effective way for common investors to build wealth over the long run by managing risk from market fluctuations.
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.
This document discusses Systematic Investment Plans (SIPs) and their benefits over lump sum investing. It notes that SIPs allow investors to invest fixed amounts regularly in mutual funds. Through an example comparing SIP investing to lump sum investing, it shows how SIPs benefit from rupee cost averaging by purchasing more units when prices are low and fewer when they are high. This can lead to higher overall returns. The document advocates for long term SIP investing, noting it helps achieve financial goals while avoiding issues with market timing. It addresses common objections to investing and argues that SIPs provide an easy way to start investing and benefit from compounding returns.
Formula Plan in Securities Analysis and Port folio ManagementSuryadipta Dutta
This document discusses different types of formula plans for portfolio management. It introduces constant ratio plans, variable ratio plans, and constant rupee value plans. Constant ratio plans maintain a fixed ratio between aggressive and defensive portfolios. Variable ratio plans adjust the ratio based on market price fluctuations. Constant rupee value plans force selling when prices rise and buying when they fall to maintain a constant rupee value of the aggressive portfolio. Formula plans provide rules for buying and selling securities and help investors make better use of market fluctuations.
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!
The document provides an overview of a study analyzing the performance of mutual funds in India. It begins with an introduction and background on mutual funds. It then outlines the objectives, research methodology, and literature review. The data analysis section applies the Treynor, Sharpe, and Jensen models to evaluate 10 mutual funds over one year. The results found that most funds beat the market and that the ICICI Prudential Technology Fund ranked highest across models. The conclusion discusses how mutual funds are suitable for different investors and the importance of performance evaluation ratios for decision making.
The document describes MARS (Mutual Fund Automated Portfolio Rebalancing System), a system that offers model portfolios of mutual funds to investors based on their risk appetite and periodically rebalances the portfolios. MARS aims to help investors achieve superior returns through disciplined asset allocation and selection of better performing funds, while overcoming the operational and behavioral challenges of managing investments. The system provides options for both dynamic and fixed asset allocation portfolios that are rebalanced either quarterly or yearly.
SIP, STP, and SWP are three common investment plans used in mutual funds. SIP allows investing a fixed amount regularly in a mutual fund scheme. STP transfers funds from one mutual fund scheme to another systematically. SWP allows withdrawing a fixed amount from a mutual fund scheme regularly. All three plans provide benefits like rupee cost averaging and tax efficiency. SIP is best for initial investments, STP for rebalancing portfolios, and SWP for exiting investments while receiving monthly income.
This document discusses systematic investment plans (SIPs) offered by mutual funds. An SIP allows investors to invest small regular amounts instead of lump sums. Investments are usually made weekly, monthly, or quarterly, and investors can stop or modify contributions anytime. SIPs offer benefits like rupee cost averaging, regular investing discipline, and powerful long-term returns through compounding. The document provides examples and formulas to demonstrate these concepts. It also notes some disadvantages of SIPs and outlines the steps to start one. Overall, SIPs are positioned as an effective way for common investors to build wealth over the long run by managing risk from market fluctuations.
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.
This document discusses Systematic Investment Plans (SIPs) and their benefits over lump sum investing. It notes that SIPs allow investors to invest fixed amounts regularly in mutual funds. Through an example comparing SIP investing to lump sum investing, it shows how SIPs benefit from rupee cost averaging by purchasing more units when prices are low and fewer when they are high. This can lead to higher overall returns. The document advocates for long term SIP investing, noting it helps achieve financial goals while avoiding issues with market timing. It addresses common objections to investing and argues that SIPs provide an easy way to start investing and benefit from compounding returns.
Formula Plan in Securities Analysis and Port folio ManagementSuryadipta Dutta
This document discusses different types of formula plans for portfolio management. It introduces constant ratio plans, variable ratio plans, and constant rupee value plans. Constant ratio plans maintain a fixed ratio between aggressive and defensive portfolios. Variable ratio plans adjust the ratio based on market price fluctuations. Constant rupee value plans force selling when prices rise and buying when they fall to maintain a constant rupee value of the aggressive portfolio. Formula plans provide rules for buying and selling securities and help investors make better use of market fluctuations.
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!
The document provides an overview of a study analyzing the performance of mutual funds in India. It begins with an introduction and background on mutual funds. It then outlines the objectives, research methodology, and literature review. The data analysis section applies the Treynor, Sharpe, and Jensen models to evaluate 10 mutual funds over one year. The results found that most funds beat the market and that the ICICI Prudential Technology Fund ranked highest across models. The conclusion discusses how mutual funds are suitable for different investors and the importance of performance evaluation ratios for decision making.
This document discusses the benefits of systematic investment plans (SIPs) for mutual funds. SIPs allow investors to invest small, fixed sums regularly, which helps average out costs and take advantage of rupee cost averaging. By investing regularly over long periods, SIPs help compound returns and build wealth for the future in a disciplined manner. SIPs can be set up through post-dated checks or auto-debit from a bank account, making investments hassle-free. The benefits of SIPs include reduced risk, compounded returns, financial discipline, and helping investors accumulate wealth in a relaxed manner.
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Nov 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 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
This document discusses different strategies for rupee cost averaging when investing in stocks. It describes rupee cost averaging as regularly investing fixed amounts in stocks with good fundamentals over time regardless of price fluctuations. It then provides examples of how different portfolio balancing strategies like constant rupee, constant ratio, and variable ratio plans work in practice by maintaining different balances between stock and defensive investments as market prices change.
This document discusses formula investment plans, which provide predefined rules for when and how much an investor can buy and sell assets to revise their portfolio. There are three main types of formula plans: constant rupee value plans, which keep the value of the aggressive portfolio constant; constant ratio plans, which maintain a fixed ratio between aggressive and conservative portfolios; and variable ratio plans, which adjust the ratio between aggressive and conservative holdings as stock prices change. Formula plans help investors take advantage of market fluctuations, divide their funds between aggressive and defensive holdings, and make investment decisions in a controlled manner according to set rules.
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
This document provides an overview of balanced and diversified mutual funds in India. It discusses India's economic performance and growth of the mutual fund industry. Balanced funds aim to generate capital appreciation and income through a mix of equity, debt and money market securities. Diversified funds focus on long-term capital growth through equity and equity-related securities. Top performing balanced and diversified funds are highlighted based on their returns and portfolio characteristics. Benefits of investing in mutual funds such as diversification, tax efficiency, convenience and expert management are also outlined.
SIP, or Systematic Investment Plan, allows investors to invest small amounts in mutual funds regularly by automatically debiting a specified amount from their bank account each month. This enables small investors to benefit from rupee cost averaging by investing during market ups and downs. The key advantages of SIP are that it is affordable for small investors, reduces market risk, provides compounding returns, and ensures consistent investments through an automated process without requiring market timing.
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
The US mutual fund report analyzed over 5,200 funds representing $10 trillion in assets. It found that:
- Most funds underperformed their benchmarks over periods of 3-15 years. Survivorship rates declined over longer periods, while outperformance rates were generally below 25%.
- Funds with strong recent performance often regressed to the mean in subsequent periods, showing past success did not predict future success.
- High-cost and high-turnover funds tended to underperform more, suggesting expenses and trading hurt performance.
So while market efficiency makes outperformance difficult, investors should consider factors like costs, strategy, and objectives rather than just focusing on past returns.
This document discusses the benefits of systematic investment planning (SIP) for building wealth through equity investments. Some key points made include:
- SIP allows regular small investments in equity mutual funds which benefit from rupee cost averaging and compounding over the long run.
- Equity returns have outperformed inflation, bank FDs, and gold over the past 15 years, making equity an important part of investment portfolios.
- To start an SIP, investors fill application forms, provide bank details for auto-debit, and choose a monthly or quarterly investment amount of minimum Rs. 500/1,000 respectively. Longer SIP periods of 5+ years further reduce risk while compounding enhances returns.
Systematic Investment Plan (SIP)-Smarter way to meet your financial goalsRR Finance
SIP is an investment program that allows you to contribute a fixed amount (as low as Rs. 1000/-) in mutual funds at regular intervals. Please visit:- http://rrfinance.com/Mutual%20Fund/Mutual_Fund_Home.aspx
1) The document discusses the investment principles of the DSP Value Fund, which focuses on finding quality companies at sensible prices rather than mediocre companies at cheap prices.
2) It provides an overview of value investing strategies and frameworks, including classical value investing based on intrinsic value and other evolving approaches.
3) The document outlines the DSP Value Fund's investment process, which involves screening companies based on quality criteria, eliminating poor quality and high valuation stocks, and constructing a portfolio with a flexicap approach and dynamic cash allocations based on valuations.
Axis Bank Limited is the third largest private sector bank in India, with approximately 43% of its shares owned by foreign investors and 34% owned by government entities. UTI Bank (which later became Axis Bank) was established in 1993 with its first branch opening in Ahmedabad. Axis Mutual Fund offers over 50 mutual fund schemes across different categories like equity, debt, hybrid, and more. Balanced or hybrid funds invest in both equities and fixed income securities to achieve a balance of growth and income. The Axis Triple Advantage Fund and Axis Income Saver Fund are examples of open-ended balanced mutual funds offered by Axis Mutual Fund.
ICICI Prudential Dividend Yield Equity Fund - One Pagericiciprumf
This document discusses dividend yield and dividend yield equity funds. It defines dividend yield as the annual dividend per share divided by the share price, expressed as a percentage. It notes that dividends are an important source of total return for investors. The document also describes the characteristics of companies that pay dividends, including more stable business models and management that is more accountable. It provides information on an open-ended equity fund that aims to invest in stocks with above-average dividend yields and identifies high-quality companies with a proven record of paying and growing dividends.
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
Tax saving debt instrument for conservative investoreReshi Sharma
This document identifies and describes three tax-saving debt investment instruments for conservative investors: National Savings Certificate (NSC), Public Provident Fund (PPF), and bank fixed deposits. NSC can be purchased from post offices, offers interest rates up to 8.8%, and investments qualify for tax deductions under Section 80C. PPF allows investments up to Rs. 1.5 lakh annually with 8.7% interest, tax-free returns, and loan/withdrawal options. Both NSC and PPF interest/returns are exempt from income tax and qualify for Section 80C deductions, making them suitable conservative, tax-saving investments.
Proactive Alternatives strategies for the sophisticated HNW investor with actively managed accounts. A currency hedge works well against rising interest rate volatility.
This document discusses active duration management strategies for fixed income portfolios. It notes that interest rates are expected to become more volatile as the central bank normalizes liquidity. It recommends keeping portfolios nimble by actively managing duration across different debt schemes based on their investment horizon and objectives. Specific strategies discussed include running a barbell strategy in short duration funds and adding exposure to floating rate bonds and corporate bonds. The document also provides updates on duration positions across various ICICI debt mutual fund schemes.
This document discusses the benefits of systematic investment plans (SIPs) for mutual funds. SIPs allow investors to invest small, fixed sums regularly, which helps average out costs and take advantage of rupee cost averaging. By investing regularly over long periods, SIPs help compound returns and build wealth for the future in a disciplined manner. SIPs can be set up through post-dated checks or auto-debit from a bank account, making investments hassle-free. The benefits of SIPs include reduced risk, compounded returns, financial discipline, and helping investors accumulate wealth in a relaxed manner.
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Nov 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 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
This document discusses different strategies for rupee cost averaging when investing in stocks. It describes rupee cost averaging as regularly investing fixed amounts in stocks with good fundamentals over time regardless of price fluctuations. It then provides examples of how different portfolio balancing strategies like constant rupee, constant ratio, and variable ratio plans work in practice by maintaining different balances between stock and defensive investments as market prices change.
This document discusses formula investment plans, which provide predefined rules for when and how much an investor can buy and sell assets to revise their portfolio. There are three main types of formula plans: constant rupee value plans, which keep the value of the aggressive portfolio constant; constant ratio plans, which maintain a fixed ratio between aggressive and conservative portfolios; and variable ratio plans, which adjust the ratio between aggressive and conservative holdings as stock prices change. Formula plans help investors take advantage of market fluctuations, divide their funds between aggressive and defensive holdings, and make investment decisions in a controlled manner according to set rules.
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
This document provides an overview of balanced and diversified mutual funds in India. It discusses India's economic performance and growth of the mutual fund industry. Balanced funds aim to generate capital appreciation and income through a mix of equity, debt and money market securities. Diversified funds focus on long-term capital growth through equity and equity-related securities. Top performing balanced and diversified funds are highlighted based on their returns and portfolio characteristics. Benefits of investing in mutual funds such as diversification, tax efficiency, convenience and expert management are also outlined.
SIP, or Systematic Investment Plan, allows investors to invest small amounts in mutual funds regularly by automatically debiting a specified amount from their bank account each month. This enables small investors to benefit from rupee cost averaging by investing during market ups and downs. The key advantages of SIP are that it is affordable for small investors, reduces market risk, provides compounding returns, and ensures consistent investments through an automated process without requiring market timing.
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
The US mutual fund report analyzed over 5,200 funds representing $10 trillion in assets. It found that:
- Most funds underperformed their benchmarks over periods of 3-15 years. Survivorship rates declined over longer periods, while outperformance rates were generally below 25%.
- Funds with strong recent performance often regressed to the mean in subsequent periods, showing past success did not predict future success.
- High-cost and high-turnover funds tended to underperform more, suggesting expenses and trading hurt performance.
So while market efficiency makes outperformance difficult, investors should consider factors like costs, strategy, and objectives rather than just focusing on past returns.
This document discusses the benefits of systematic investment planning (SIP) for building wealth through equity investments. Some key points made include:
- SIP allows regular small investments in equity mutual funds which benefit from rupee cost averaging and compounding over the long run.
- Equity returns have outperformed inflation, bank FDs, and gold over the past 15 years, making equity an important part of investment portfolios.
- To start an SIP, investors fill application forms, provide bank details for auto-debit, and choose a monthly or quarterly investment amount of minimum Rs. 500/1,000 respectively. Longer SIP periods of 5+ years further reduce risk while compounding enhances returns.
Systematic Investment Plan (SIP)-Smarter way to meet your financial goalsRR Finance
SIP is an investment program that allows you to contribute a fixed amount (as low as Rs. 1000/-) in mutual funds at regular intervals. Please visit:- http://rrfinance.com/Mutual%20Fund/Mutual_Fund_Home.aspx
1) The document discusses the investment principles of the DSP Value Fund, which focuses on finding quality companies at sensible prices rather than mediocre companies at cheap prices.
2) It provides an overview of value investing strategies and frameworks, including classical value investing based on intrinsic value and other evolving approaches.
3) The document outlines the DSP Value Fund's investment process, which involves screening companies based on quality criteria, eliminating poor quality and high valuation stocks, and constructing a portfolio with a flexicap approach and dynamic cash allocations based on valuations.
Axis Bank Limited is the third largest private sector bank in India, with approximately 43% of its shares owned by foreign investors and 34% owned by government entities. UTI Bank (which later became Axis Bank) was established in 1993 with its first branch opening in Ahmedabad. Axis Mutual Fund offers over 50 mutual fund schemes across different categories like equity, debt, hybrid, and more. Balanced or hybrid funds invest in both equities and fixed income securities to achieve a balance of growth and income. The Axis Triple Advantage Fund and Axis Income Saver Fund are examples of open-ended balanced mutual funds offered by Axis Mutual Fund.
ICICI Prudential Dividend Yield Equity Fund - One Pagericiciprumf
This document discusses dividend yield and dividend yield equity funds. It defines dividend yield as the annual dividend per share divided by the share price, expressed as a percentage. It notes that dividends are an important source of total return for investors. The document also describes the characteristics of companies that pay dividends, including more stable business models and management that is more accountable. It provides information on an open-ended equity fund that aims to invest in stocks with above-average dividend yields and identifies high-quality companies with a proven record of paying and growing dividends.
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
Tax saving debt instrument for conservative investoreReshi Sharma
This document identifies and describes three tax-saving debt investment instruments for conservative investors: National Savings Certificate (NSC), Public Provident Fund (PPF), and bank fixed deposits. NSC can be purchased from post offices, offers interest rates up to 8.8%, and investments qualify for tax deductions under Section 80C. PPF allows investments up to Rs. 1.5 lakh annually with 8.7% interest, tax-free returns, and loan/withdrawal options. Both NSC and PPF interest/returns are exempt from income tax and qualify for Section 80C deductions, making them suitable conservative, tax-saving investments.
Proactive Alternatives strategies for the sophisticated HNW investor with actively managed accounts. A currency hedge works well against rising interest rate volatility.
This document discusses active duration management strategies for fixed income portfolios. It notes that interest rates are expected to become more volatile as the central bank normalizes liquidity. It recommends keeping portfolios nimble by actively managing duration across different debt schemes based on their investment horizon and objectives. Specific strategies discussed include running a barbell strategy in short duration funds and adding exposure to floating rate bonds and corporate bonds. The document also provides updates on duration positions across various ICICI debt mutual fund schemes.
Today’s low-rate slow growth markets are challenging institutional investors to more carefully analyse correlations between investment strategies and portfolio performance.
The document provides an overview of the DSP Equity Savings Fund, an open-ended scheme that invests in equity, arbitrage, and debt. Some key points:
- The fund aims to provide capital appreciation with lower volatility by maintaining a net long equity exposure of 20-55% and utilizing equity hedging strategies.
- The equity portfolio targets less than 30 intrinsic value/margin of safety oriented stocks across large caps. Equity hedging uses out of the money put options.
- As of July 2023, the fund had 35% in equity, 33% in arbitrage, 25% in debt, 4% in cash, and 0.08% in put options. Top
The document provides an overview of the DSP Equity Savings Fund, an open-ended scheme that invests in equity, arbitrage, and debt. Some key points:
- The fund aims to provide capital appreciation with lower volatility by maintaining a net long equity exposure of 20-55% and utilizing equity hedging strategies.
- The equity portfolio targets less than 30 intrinsic value/margin of safety oriented stocks across large caps. Equity hedging uses out of the money put options.
- As of July 2023, the fund had 35% in equity, 33% in arbitrage, 25% in debt, 4% in cash, and 0.08% in put options. Top
Inverted yield curve - An investment opportunity in Fixed IncomeMarwah Financial®
The RBI took several measures in July 2013 to control volatility in the Indian rupee (INR), including capping liquidity, increasing certain reserve requirements, and conducting government security sales. As a result, short-term yields increased by 250-300 basis points and 10-year government security yields rose by around 60 basis points. The yield curve inverted for the first time in over a decade, with short-term rates higher than long-term rates. The fund recommends taking advantage of the favorable risk-reward environment across the yield curve by investing in liquid, short-term, and income/gilt funds depending on investment horizon.
Strategic asset allocation involves defining portfolio allocations based on long-term historical performance and volatility data, aiming to achieve the optimal balance of risk and return. Tactical asset allocation takes a similar long-term strategic view but allows flexibility to adjust allocations in response to short-term market conditions. While tactical allocation seeks to generate higher returns, it involves ongoing costs and research and there is no guarantee of outperformance. Ultimately, both approaches have merits and the choice depends on an investor's preferences and willingness to take on additional costs and risks of a tactical approach.
- The document provides information on the Quantum Long Term Equity Fund, an open-ended equity scheme.
- The fund seeks long-term capital appreciation by investing in companies that are typically included in the S&P BSE 200 index.
- As of November 2016, the fund size was Rs. 61.62 billion with Atul Kumar and Nilesh Shetty serving as fund managers since 2006 and 2011 respectively.
21 Buddha Dynamic Multi Manager Balanced FundSaurabh Kumar
The document summarizes a 21 Buddha Dynamic Multi Manager Balanced Fund. The fund is a hybrid fund of fund scheme that aims to create a balanced portfolio through various skilled investment managers. It has two plans, one with a growth option and one with an income option. The fund provides exposure to equities, bonds, and gold through underlying funds that are selected based on rigorous due diligence. Asset allocation decisions are made by in-house analysts to optimize performance based on macroeconomic factors and market valuations. The fund aims to achieve superior risk-adjusted returns through a diversified portfolio of top investment products.
- Active short term funds can help generate returns above passive roll-down funds when interest rates peak or fall by taking advantage of reinvestment opportunities and active management.
- A backtest of DSP Short Term Fund versus a 3-year AAA PSU bond for the past 10 years showed the active fund outperformed 91.2% of the time when interest rates fell or were flat.
- Dynamic duration management and allocation to cash helped DSP Short Term Fund have lower volatility and drawdowns compared to peers during periods of rising interest rates.
- Active short term funds can help generate returns above passive roll-down funds when interest rates peak or fall by taking advantage of reinvestment opportunities and active management.
- Backtesting showed the DSP Short Term Fund outperformed a 3-year AAA PSU strategy 91.2% of the time when interest rates fell or were flat due to alpha generation and 76.9% since inception.
- The fund dynamically manages duration, asset allocation, ratings exposure, and cash levels to generate optimal returns across interest rate cycles while maintaining high credit quality.
SBI Magnum Multicap Fund: An Open-ended Growth Scheme - Jan 16SBI 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
This document provides information on the IDFC Dynamic Bond Fund, an open-ended dynamic debt scheme that invests across the yield curve depending on the fund manager's interest rate views. As of February 2021, the fund had an average AUM of Rs. 3,149.33 crores and was managed by Mr. Suyash Choudhary since 2010. The fund primarily invests in government securities with 100% of its assets rated AAA equivalent as of February 2021.
This document provides information on the IDFC Dynamic Bond Fund, an open-ended dynamic debt scheme that invests across the yield curve depending on the fund manager's interest rate views. As of February 2021, the fund had an average AUM of Rs. 3,149.33 crores and invested primarily in government securities and cash equivalents, with over 98% of its assets rated AAA equivalent. The fund aims to generate long-term optimal returns through active duration management across the debt market.
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.
The document contains frequently asked questions and answers about the IDFC Dynamic Equity Fund. It discusses why Nifty P/E is used to determine equity allocation, that the fund's equity allocation can increase above 65% during market corrections, and that while the model aims to be disciplined it also seeks to respond to rapidly changing market dynamics through daily rebalancing.
The document contains frequently asked questions and answers about the IDFC Dynamic Equity Fund. It discusses why Nifty P/E is used to determine equity allocation, how the fund's equity allocation can increase above 65%, and that while the model provides discipline, the fund manager can make daily adjustments. Derivatives are used for hedging and rebalancing purposes. The debt investments focus on high credit quality and short-medium duration.
SBI Emerging Businesses Fund: An Open-ended Equity Fund - Jan 17SBI Mutual Fund
This document provides information on an investment product suitable for long-term capital appreciation by investing in emerging companies with export orientation or outsourcing opportunities. It discusses the fund's bottom-up stock picking approach, with a focus on management quality, growth, business model, profitability, and valuations. The fund takes a flexible approach to market capitalization, and currently has a portfolio skewed toward mid-cap stocks, with higher concentration in services, consumer goods, and financial services sectors. It seeks to generate long-term returns through a high-conviction, focused portfolio of 20-30 stocks.
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Investment portfolio - Rebalancing
1. For Information contact us at contact@wallsofindia.con or call us at 96504 59955
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Investment Portfolio - Rebalancing
Management is all about planning, organizing, executing, directing & controlling which leads to achievement of the desired
goal. On the same lines, Portfolio Management requires you to Plan – where, how & when to invest. Investment process is
dynamic process where one needs to constantly monitor the progress of asset class basis his risk profile & make suitable
changes as & when required. Making suitable changes in investment portfolio with respect to risk profile is called rebalancing.
Why Rebalancing is Important? – Lets start with an example
Mr. Gupta (aggressive risk profile) had an investible corpus of Rs.1 crore which was invested 70% in equity – Nifty (Rs.70 lakhs)
& 30% in debt (Rs.30 lakhs) on 1.1.2007 as advised by the advisor looking at the economic conditions & his risk profile
(aggressive, moderate & conservative). Investment portfolio doesn’t move in tandem with the risk profile of the investor &
after a while differs from the basic profiler. Hence, it is prudent to take rational call & rebalance the portfolio whenever the
allocation changes significantly at intervals decided from the recommended allocation. Let’s look at how Mr. Gupta’s portfolio
behaved in future in two scenarios (for simplicity we’ve rebalanced the portfolio at the end of the year whereas it is a
continuous process).
All Figures in Rs. Lakhs Returns
Asset classes/Year 2007 2008 2009
Equity – Nifty 53% -52% 70%
Debt – Assumed 8% 8% 8%
Allocation With Rebalancing
01.01.07 31.12.07
Rebalanced
Amt 31.12.08
Rebalanced
Amt 31.12.09 CAGR
Equity 70 (70%) 107 (77%) 98 (70%) 47 (51%) 64 (70%) 109
Debt 30 (30%) 32 (23%) 42 (30%) 45 (49%) 28 (30%) 30
Total corpus 140 140 92 92 139 11.71%
Allocation Without Rebalancing
01.01.07 31.12.07 31.12.08 31.12.09
Equity 70 (70%) 107 (77%) 51 (59%) 87
Debt 30 (30%) 32 (23%) 35 (41%) 38
Total corpus 140 86 125 7.77%
As we can see, the 3 year CAGR with rebalancing is ~11.71% as compared to without rebalancing ~7.77%, a difference of Rs. 14
lakhs (139 minus 125) in 3 years time on an investment of Rs. 1 crore. Rebalancing becomes very important in volatile markets
as witnessed in 2007-09. Rebalancing portfolio requires investor to sell investments from the asset classes that are performing
better than the other asset classes & which now represents an increased percentage of investors portfolio’s overall value.
Different strategies of Rebalancing
1. Time Rebalancing: This is the basic type of rebalancing, wherein Investor chooses a fixed period be it Quarterly, Half
yearly or yearly & adjusting to the original allocations or different target allocations as suggested by your advisors.
2. Corridor Rebalancing: It involves a rebalancing schedule focused on the allowable % composition of an asset in a
portfolio. Every asset class is given a target weight & a corresponding tolerance range. For example, an allocation
strategy might include the requirement to hold 60% in equities, 30% in debt & 10% in gold with a corridor of +/- 5%
for each asset class. When the weight of any one holding moves outside of the allowable band, the entire portfolio is
rebalanced to reflect the initial target composition. This enables a check on the entire portfolio with a fresh view.
The purpose of rebalancing is to continuously check the health of the portfolio and bring it back to its original shape so
that the investor is saved from taking irrational calls due to mismatch in his portfolio with his profile.