SBI Corporate Bond Fund with moderate risk invests predominantly in corporate debt securities and aims to generate regular income over medium term. Mutual Fund investors can invest in this mutual fund via SIP or lump sum. Know more about this debt fund on SBI Mutual Fund website page https://www.sbimf.com/Products/DebtSchemes/SBI_Corporate_Bond_Fund.aspx
SBI Corporate Bond Fund : Debt Mutual Fund - Apr 2016SBI Mutual Fund
SBI Corporate Bond Fund has an objective to actively manage a portfolio of good quality corporate debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders. This fund is best suited for investors seeking regular income for medium term and have a moderate risk profile. To know more about this SBI Corporate Debt Bond Fund visit our website product page https://www.sbimf.com/Products/DebtSchemes/SBI_Corporate_Bond_Fund.aspx now!
SBI Dynamic Bond Fund : Debt Mutual Fund - Apr 2016SBI Mutual Fund
SBI Dynamic Bond Fund is a fund investing in G-sec, corporate bond and money market instruments. This Dynamic Bond Fund Scheme is best suited for investors seeking investment in Debt, Money Market, Corporate Bonds, Government Securities etc. Find more details about this Debt Fund on https://www.sbimf.com/Products/DebtSchemes/SBI_Dynamic_Bond_Fund.aspx . You can even invest in Mutual Funds online on SBI Mutual Funds.
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!
Interbank call money rates remained near the RBI’s repo rate of 5.40% in the month due to comfortable liquidity in the system, prompting the central bank to conduct frequent reverse repo auctions and provide banks with idle funds an opportunity to invest for the short term.
Read the full document to know more.
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.
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 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 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 Corporate Bond Fund : Debt Mutual Fund - Apr 2016SBI Mutual Fund
SBI Corporate Bond Fund has an objective to actively manage a portfolio of good quality corporate debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders. This fund is best suited for investors seeking regular income for medium term and have a moderate risk profile. To know more about this SBI Corporate Debt Bond Fund visit our website product page https://www.sbimf.com/Products/DebtSchemes/SBI_Corporate_Bond_Fund.aspx now!
SBI Dynamic Bond Fund : Debt Mutual Fund - Apr 2016SBI Mutual Fund
SBI Dynamic Bond Fund is a fund investing in G-sec, corporate bond and money market instruments. This Dynamic Bond Fund Scheme is best suited for investors seeking investment in Debt, Money Market, Corporate Bonds, Government Securities etc. Find more details about this Debt Fund on https://www.sbimf.com/Products/DebtSchemes/SBI_Dynamic_Bond_Fund.aspx . You can even invest in Mutual Funds online on SBI Mutual Funds.
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!
Interbank call money rates remained near the RBI’s repo rate of 5.40% in the month due to comfortable liquidity in the system, prompting the central bank to conduct frequent reverse repo auctions and provide banks with idle funds an opportunity to invest for the short term.
Read the full document to know more.
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.
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 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 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
Interbank call money rates remained mostly below the RBI’s repo rate of 5.40% in the month owing to comfortable liquidity in the system, prompting the central bank to conduct frequent reverse repo auctions and provide banks with idle funds an opportunity to invest for a short period.
Read the full document to know more.
In continuation to RBI announcements dated March 27, 2020, the RBI announced additional liquidity and regulatory measures to improve the system liquidity and to improve credit spreads.
Benchmark 10 year treasury yields remained flat as they averaged at 6.50% in November (5bps lower vs. October avg.).
System liquidity remained in surplus on the back of bank deposits growing faster than credit, government spending and
RBI forex purchases.
Read the full document to know more.
2020 was an eventful year for Fixed income space with RBI providing 135 bps rate cut, supporting the system with ample
liquidity in the second half of the year, RBI’s shift from OMO’s for liquidity to Operation Twist to reduce term premiums,
RBI’s unexpected pause in policy rate cuts in December etc. In the midst of all this, the benchmark 10 year treasury yield
ended the year lower by ~87 bps as compared to last year and settled at 6.55%.
Read the full document to know more.
Benchmark 10 year treasury yields averaged at 6.55% in October (12bps lower vs. September avg.). System liquidity
during the month was at ease majorly due to the following factors: 1. RBI’s dividend and surplus reserve transfers, 2.
Government Ways and Means Advances (WMA) and 3. RBI intervening in the FX markets by buying dollar and receiving
forwards.
Read the full document to know more.
Interbank call money rates found itself below the Reserve Bank of India (RBI)’s repo rate of 6.00% for most parts of the month as systemic liquidity remained comfortable amid periodic repo auctions conducted by the RBI. However, intermittent tightness in call rates was seen on fund demand from banks to meet their mandatory reserve requirements. Meanwhile, the apex bank sporadically offered banks the opportunity to park funds through some reverse repo auctions. Read the full document to know more.
Interbank call money rates remained below the RBI’s repo rate of 5.75% during most parts of the month as systemic liquidity remained in surplus amid periodic repo auctions conducted by the central bank. The RBI also conducted frequent reverse repo auctions to drain away excess liquidity and give the opportunity to banks to park their idle funds.
Read the full document to know more.
Interbank call money rates remained below the RBI’s repo rate for most of the month amid comfortable liquidity in the system. The central bank periodically infused funds via discretionary term repo auctions and targeted long-term repo auctions (TLTRO), though overall liquidity remained in surplus. It also announced TLTRO of three-year duration for a total notified Rs 250 billion to be conducted on April 3, and notified it would be extending fixed rate reverse repo and the Marginal Standing Facility (MSF) window to provide eligible market participants greater flexibility in their liquidity management.
Currency in circulation rose 12.2% on-year in the week ended March 20, 2020, compared with 17.5% growth a year ago. The RBI, via its liquidity window, absorbed Rs 2990.81 billion on a net daily average basis in March 2020, compared with net liquidity absorption of Rs 2931.09 billion in February 2020.
Bank credit growth rose 6.1% on-year in the fortnight ended March 13, 2020, compared with 6.4% on-year growth reported in the fortnight ended February 14, 2020.
As communicated earlier, we believe that we are at the start of interest rate-rise cycle and in the current phase where growth and inflation dynamics are evolving, more nimble and active duration management strategy is recommended as it may benefit from high term premium.
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
Better Credit Quality Fund Bouquet – A Good iciciprumf
Considering the current market volatility and attractive spreads that corporate bonds offer over the repo, we believe that the best strategy may be to invest in a portfolio with higher
exposure towards corporate bonds and money market instruments with low to moderate duration, which may provide better risk adjusted returns.
SBI Dynamic Bond Fund: An Income Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Dynamic Bond Fund is an income fund investing in G-sec, corporate bond and money market instruments. This mutual fund is best suited for investors seeking regular income for a medium term duration. The risk involved in this mutual fund is of moderate level. To know more about this mutual fund check SBI Mutual Fund page https://www.sbimf.com/Products/DebtSchemes/SBI_Dynamic_Bond_Fund.aspx
Interbank call money rates remained mostly below the RBI’s repo rate of 5.40% in the month owing to comfortable liquidity in the system, prompting the central bank to conduct frequent reverse repo auctions and provide banks with idle funds an opportunity to invest for a short period.
Read the full document to know more.
In continuation to RBI announcements dated March 27, 2020, the RBI announced additional liquidity and regulatory measures to improve the system liquidity and to improve credit spreads.
Benchmark 10 year treasury yields remained flat as they averaged at 6.50% in November (5bps lower vs. October avg.).
System liquidity remained in surplus on the back of bank deposits growing faster than credit, government spending and
RBI forex purchases.
Read the full document to know more.
2020 was an eventful year for Fixed income space with RBI providing 135 bps rate cut, supporting the system with ample
liquidity in the second half of the year, RBI’s shift from OMO’s for liquidity to Operation Twist to reduce term premiums,
RBI’s unexpected pause in policy rate cuts in December etc. In the midst of all this, the benchmark 10 year treasury yield
ended the year lower by ~87 bps as compared to last year and settled at 6.55%.
Read the full document to know more.
Benchmark 10 year treasury yields averaged at 6.55% in October (12bps lower vs. September avg.). System liquidity
during the month was at ease majorly due to the following factors: 1. RBI’s dividend and surplus reserve transfers, 2.
Government Ways and Means Advances (WMA) and 3. RBI intervening in the FX markets by buying dollar and receiving
forwards.
Read the full document to know more.
Interbank call money rates found itself below the Reserve Bank of India (RBI)’s repo rate of 6.00% for most parts of the month as systemic liquidity remained comfortable amid periodic repo auctions conducted by the RBI. However, intermittent tightness in call rates was seen on fund demand from banks to meet their mandatory reserve requirements. Meanwhile, the apex bank sporadically offered banks the opportunity to park funds through some reverse repo auctions. Read the full document to know more.
Interbank call money rates remained below the RBI’s repo rate of 5.75% during most parts of the month as systemic liquidity remained in surplus amid periodic repo auctions conducted by the central bank. The RBI also conducted frequent reverse repo auctions to drain away excess liquidity and give the opportunity to banks to park their idle funds.
Read the full document to know more.
Interbank call money rates remained below the RBI’s repo rate for most of the month amid comfortable liquidity in the system. The central bank periodically infused funds via discretionary term repo auctions and targeted long-term repo auctions (TLTRO), though overall liquidity remained in surplus. It also announced TLTRO of three-year duration for a total notified Rs 250 billion to be conducted on April 3, and notified it would be extending fixed rate reverse repo and the Marginal Standing Facility (MSF) window to provide eligible market participants greater flexibility in their liquidity management.
Currency in circulation rose 12.2% on-year in the week ended March 20, 2020, compared with 17.5% growth a year ago. The RBI, via its liquidity window, absorbed Rs 2990.81 billion on a net daily average basis in March 2020, compared with net liquidity absorption of Rs 2931.09 billion in February 2020.
Bank credit growth rose 6.1% on-year in the fortnight ended March 13, 2020, compared with 6.4% on-year growth reported in the fortnight ended February 14, 2020.
As communicated earlier, we believe that we are at the start of interest rate-rise cycle and in the current phase where growth and inflation dynamics are evolving, more nimble and active duration management strategy is recommended as it may benefit from high term premium.
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
Better Credit Quality Fund Bouquet – A Good iciciprumf
Considering the current market volatility and attractive spreads that corporate bonds offer over the repo, we believe that the best strategy may be to invest in a portfolio with higher
exposure towards corporate bonds and money market instruments with low to moderate duration, which may provide better risk adjusted returns.
SBI Dynamic Bond Fund: An Income Mutual Fund Scheme - Aug 16SBI Mutual Fund
SBI Dynamic Bond Fund is an income fund investing in G-sec, corporate bond and money market instruments. This mutual fund is best suited for investors seeking regular income for a medium term duration. The risk involved in this mutual fund is of moderate level. To know more about this mutual fund check SBI Mutual Fund page https://www.sbimf.com/Products/DebtSchemes/SBI_Dynamic_Bond_Fund.aspx
The Scheme seeks to provide steady income and capital appreciation by investing in corporate debt. There is no assurance or guarantee that the objectives of the Scheme will be realized.Suitable for those who are looking at investing for a shorter duration product and looking at options better than traditional instruments while maintaining liquidity.
Interbank call money rates remained below the RBI’s repo rate of 6.25% during the month as the RBI conducted periodic repo auctions to infuse liquidity in the system. Meanwhile, the central bank accepted the $5 billion it targeted from banks at its currency swap auction to ease liquidity as against the bids received worth $16.31 billion.
Read the full document to know more.
ICICI Prudential Mutual Funds Fixed income updateiciciprumf
These are interesting times. We have seen the worst growth contraction in decades but interest rates still remains higher than lows seen during other crisis.
Fixed Income Update (September 2021) | ICICI Prudential Mutual Fundiciciprumf
As highlighted in our earlier communication, we continue to believe in the gradual withdrawal of monetary stimulus and recommend following Accrual Strategy and Active Duration strategy.
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
We remain positive on the bond markets. A good strategy may be to create a portfolio with maturity in the range of 2-5 years along with accumulating spread assets to give better carry to the portfolio. Read our Fixed Income Update for Aug 2020
The Benchmark 10-Year Gsec yield closed at 7.41% up by 6 bps based on month end values. The yields hardened despite
the Monetary Policy Committee (MPC) delivering a 25bps rate-cut in the month of April. This upward movement of yields
clearly highlights that, in addition to the rate cut market was anticipating a change in the policy stance.
Read the full document to know more.
• Interbank call money rates remained mostly below the RBI’s repo rate of 4% in June as overall systemic liquidity remained surplus.
• Currency in circulation rose 20.6% on-year in the week ended June 19, 2020, compared with 12.7% growth a year ago. The RBI, via its liquidity window, absorbed Rs 3770.33 billion on a net daily average basis in June 2020, compared with net liquidity absorption of Rs 5114.71 billion in May 2020.
• Bank credit growth rose 6.2% on-year in the fortnight ended June 5, 2020, compared with 6.5% on-year growth reported in the fortnight ended May 8, 2020.
We expect growth and inflation to come down which may provide further headroom to RBI to continue its accommodative stance. On the fiscal side, we are comfortable with Govt. taking measures to combat COVID-19 impact due to absence of private credit demand (No crowding-out
effect) Keeping the above in mind, we believe the near term appears to be bullish for bond markets. Hence, we have added duration across our
portfolios. Our tactical call seeks to benefit from our bullish view in the short term by taking tactical positions on the longer end of the yield curve. Hence, we believe that the best strategy may be to create a portfolio with maturity in the range of 2-5 years with combination of short term assets and long term assets. Focus should be on accumulating spread assets to give better carry to the portfolio with tactical exposure towards longer term assets to give the capital appreciation flavour.
Factsheet for Principal Mutual Fund- WishfinAnvi Sharma
The scheme will invest 65% - 95% in Mid Cap stocks, i.e., stocks with market cap in the range of market cap of benchmark Nifty Midcap 100 Index, and 5% - 15% in Small Cap stocks, i.e., stocks with market cap lower than the market cap of the last stock in the benchmark Nifty Midcap 100 Index.
New Mutual Fund Scheme Categorization for Equity & Debt Funds | SBI Mutual FundSBI Mutual Fund
Equity and Debt Mutual fund schemes offered by SBI Mutual Fund have undergone change in attributes like investment objective, asset allocation, investment strategy etc. This PPT highlights the re-categorization of equity and debt funds as per SEBI's latest rules and regulations. View the presentation to know more.
SBI Long Term Advantage Fund Series V - A Close-Ended Equity Linked Savings S...SBI Mutual Fund
SBI Long Term Advantage Fund Series V aims to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit under 80C of the Income Tax Act, 1961. Key benefits of SBI Long Term Advantage Fund - Series V include Tax Savings, Potential Capital Appreciation and Tax Free Returns. Know more about this mutual fund at https://www.sbimf.com/en-us/sbi-long-term-advantage-fund-series-v
SBI Magnum Multicap Fund: An Open-Ended Equity Mutual Fund Scheme - Nov 17SBI Mutual Fund
SBI Magnum Multicap Fund invests across various market caps and sectors for long-term capital appreciation. This fund invests 50-90% in large cap, 10-40% in midcap and 0-10% in small cap. SBI Magnum Multicap Fund is ideal for investors looking for capital appreciation with a long term investment horizon. Know more about this mutual fund at https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-multicap-fund
SBI Equity Savings Fund: A Hybrid Mutual Fund Scheme - Nov 17SBI Mutual Fund
SBI Equity Savings Fund is an open-ended equity scheme which involves low risk hybrid strategies.This fund operates in a tax-efficient manner. SBI Equity Savings Fund aims to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market. It also aims to generate capital appreciation through a moderate exposure in equity. Learn more about SBI Equity Savings Fund at https://www.sbimf.com/en-us/hybrid-schemes/sbi-equity-savings-fund
SBI Emerging Business Fund: An Equity Mutual Fund Scheme - Nov 17SBI Mutual Fund
SBI Emerging Business Fund focuses on emerging businesses and invests in companies that are considered emergent. It has the flexibility to invests across market caps. SBI Emerging Business Fund may invests into large, mid and/or small cap stocks in any proportion based on the market conditions making the most of various market phases. Visit SBI Mutual Fund to know more this fund at https://www.sbimf.com/en-us/equity-schemes/sbi-emerging-businesses-fund
SBI Magnum Equity Fund: An Equity Mutual Fund Scheme - Nov 17SBI Mutual Fund
SBI Magnum Equity Fund aims to provide the investor long – term capital appreciation by investing in high growth companies along with the liquidity of an open-ended mutual fund scheme through investments primarily in equities and the balance in debt and money market instruments. SBI Magnum Equity Fund is positioned as large cap mutual fund. The fund is suitable for investors who are looking for long term capital appreciation with relatively lower risk. To know more about this fund, please visit SBI Mutual Fund website https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
SBI Magnum Balanced Fund: An Hybrid Mutual Fund Scheme - Nov 17SBI Mutual Fund
SBI Magnum Balanced Fund aims to provide investors long term capital appreciation, along with the liquidity of an open-ended mutual fund scheme by investing in a mix of debt and equity funds. The balanced mutual fund scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in a relatively safe portfolio of debt funds. To know more about SBI Magnum Balanced Fund, please visit https://www.sbimf.com/en-us/hybrid-schemes/sbi-magnum-balanced-fund
SBI Magnum Equity Fund: An Equity Mutual Fund Scheme - Sep 17SBI Mutual Fund
SBI Magnum Equity Fund aims to provide the investor long – term capital appreciation by investing in high growth companies along with the liquidity of an open-ended mutual fund scheme through investments primarily in equities and the balance in debt and money market instruments. SBI Magnum Equity Fund is positioned as large cap mutual fund. The fund is suitable for investors who are looking for long term capital appreciation with relatively lower risk. To know more about this fund, please visit SBI Mutual Fund website https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-equity-fund
SBI Magnum Balanced Fund: An Hybrid Mutual Fund Scheme - Sep 17SBI Mutual Fund
SBI Magnum Balanced Fund aims to provide investors long term capital appreciation, along with the liquidity of an open-ended mutual fund scheme by investing in a mix of debt and equity funds. The balanced mutual fund scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in a relatively safe portfolio of debt funds. To know more about SBI Magnum Balanced Fund, please visit https://www.sbimf.com/en-us/hybrid-schemes/sbi-magnum-balanced-fund
SBI Magnum Multicap Fund: An Open-Ended Equity Mutual Fund Scheme - Sep 17SBI Mutual Fund
SBI Magnum Multicap Fund invests across various market caps and sectors for long-term capital appreciation. This fund invests 50-90% in large cap, 10-40% in midcap and 0-10% in small cap. SBI Magnum Multicap Fund is ideal for investors looking for capital appreciation with a long term investment horizon. Know more about this mutual fund at https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-multicap-fund
SBI Equity Savings Fund: A Hybrid Mutual Fund Scheme - Sep 17SBI Mutual Fund
SBI Equity Savings Fund is an open-ended equity scheme which involves low risk hybrid strategies.This fund operates in a tax-efficient manner. SBI Equity Savings Fund aims to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market. It also aims to generate capital appreciation through a moderate exposure in equity. Learn more about SBI Equity Savings Fund at https://www.sbimf.com/en-us/hybrid-schemes/sbi-equity-savings-fund"
SBI Emerging Business Fund: An Equity Mutual Fund Scheme - Sep 17SBI Mutual Fund
SBI Emerging Business Fund focuses on emerging businesses and invests in companies that are considered emergent. It has the flexibility to invests across market caps. SBI Emerging Business Fund may invests into large, mid and/or small cap stocks in any proportion based on the market conditions making the most of various market phases. Visit SBI Mutual Fund to know more this fund at https://www.sbimf.com/en-us/equity-schemes/sbi-emerging-businesses-fund
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 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 Magnum Multicap Fund: An Open-ended Growth Scheme - March 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 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 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 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
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 Mutual Fund provides you with the complete overview of the Union Budget 2017-18.
This presentation mainly focuses on the equity market and fixed income market conditions post the Budget.
Visit https://www.sbimf.com to learn more!
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
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Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
2. This product is suitable for investors who are seeking:
Investment in debt and money-
market securities
Regular income for medium term
Low risk
Disclaimer: Investors should consult their financial advisors if in doubt whether this product
is suitable for them.
SBI Corporate Bond Fund
3. Product Snapshot
* Corporate Debt securities will include Debenture and Bonds issued by Corporate (private institutions across sectors including NBFC’s, banks and other financial
institutions), PSU's, Securitized Debt#, and International Bonds. # Investment in securitized debt will be to the extent of 40% of the net assets of the scheme
Exposure to derivatives instruments in the scheme will be to the extent of 50% of the net assets of the scheme. The cumulative gross exposure through Debt &
Money market instruments and derivative positions will not exceed 100% of the net assets of the scheme. However, trading in derivatives by the scheme shall be
restricted to hedging and portfolio balancing purposes as permitted by the regulations.
• To actively manage a portfolio of good quality corporate debt
as well as Money Market Instruments so as to provide
reasonable returns to the Unit holders
Investment
Objective
• Investors having a reasonable risk appetite and an
investment horizon of minimum 2 years.
Investment
Suitability
• Corporate Debt Securities* (incl. securitized debt#):
• Indicative Allocation - Minimum 80% & Maximum 100%
• Risk Profile – Medium
• Money Market Instruments:
• Indicative Allocation - Maximum 20%
• Risk Profile – Low to Medium
Asset
Allocation
4. Current Portfolio Structure
Portfolio AA+ & AboveBelow AA+₌ ₊
The fund manager will not engage in active duration management but will try to generate alpha by capturing
spread over AAA securities.
This portion of the
funds is primarily
invested with
maturities ranging
from 1 to 5 years
The segment
currently looks
attractive on account
of fat spreads,
comfortable interest
rate position and
liquidity outlook.
This portion of the
portfolio seeks to
generate higher
returns by way of
credit selection.
The allocation to the
long bonds to
maintain duration
within a constant
range
Attractive absolute
yield levels provide
an opportunity from
a long term
perspective.
This portion of the
portfolio seeks to
provide stable
returns.
Current Exposure :
64.46%*
Current Exposure :
29.19%*
*As on August 31, 2016
CP, 8.6%
CD, 2.1%
NCD, 80.0%
ZCB, 3.0%
Cash, 6.4%
5. Current Portfolio Quality
Data as on: August 31, 2016
InterestRateSensitivity
Credit Quality
High Medium Low
High
Medium
Low
Issuer % Of NAV
TATA REALTY INFRASTRUCTURE LTD. 7.96
RURAL ELECTRIFICATION CORP LTD 7.01
EQUITAS FINANCE LTD. 6.21
HALDIA ENERGY LTD 6.09
SHAPOORJI PALLONJI INFRASTRU CAPITAL CO.
PVT. LTD. 5.62
MANAPPURAM FINANCE LIMITED 4.34
AU FINANCIERS (INDIA) LIMITED 4.10
L&T METRO RAIL (HYDERABAD) LIMITED 4.01
ADVINUS THERAPEUTICS LIMITED 3.75
NATIONAL BK FOR AGRI & RURAL DEVPT 3.49
Total 52.58
Top 10 Holdings
Duration Bucket %
9% 9% 9%
17%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
1 week 30 days 45 days 90 days
6. The BREXIT event has dragged down the bond yields across the globe as
investors expect growth jitters and further elongation of easy monetary
policy in most economies.
The government bond yields have touched record lows and there is a
widening basket of bonds trading in negative territory (particularly in Europe
and Japan). In the US, the benchmark yield has inched up marginally post
the hawkish commentary from policymakers at Jackson Hole symposium.
Nevertheless, they are still soft.
Locally too, domestic bond yields have eased since second-half of June on
the back of easing global yields and easing of domestic liquidity conditions.
The 10-year G-sec yield was at 7.11% by August end. The announcement
of Urjit Patel as the succeeding RBI governor left the markets largely
unperturbed.
The central bank has resolve to pro-actively address any potential liquidity
deficits and to move the system to a structurally neutral liquidity position
over time. The OMO purchase announcement (in latest policy meet) at a
time when seasonality has led to recent surplus liquidity conditions
effectively demonstrates the commitment to be proactive on the liquidity
front.
Given that liquidity looks comfortable over next couple of months, there may
still be marginal steam left in bond yields. But the gradual re-building of
inflationary pressures leave very limited scope for further deep rate cuts at
the current juncture and consequently the policy rate driven rally in the bond
market.
In the money market, liquidity conditions finally turned into the neutral zone
by the end of June . Government’s cash balances came back into the
system and RBI conducted Rs. 905 billion of OMO between April-August to
diffuse liquidity into the system. This has led to considerable easing in the
short term rates as well.
Curve steepening remains the medium term expectation even as there
could be tactical opportunities given the current market sentiments.
Market Outlook
Source: RBI, Bloomberg, SBIFM Research
6.00
6.50
7.00
7.50
8.00
8.50
9.00
9.50
Jan-11
May-11
Sep-11
Jan-12
May-12
Sep-12
Jan-13
May-13
Sep-13
Jan-14
May-14
Sep-14
Jan-15
May-15
Sep-15
Jan-16
May-16
10 year GSec yield (mth end, %) Repo Rate (mth end, %)
Average spread between G-sec
and Repo in last 10 years: 75bps
7. Why More AA Rated Bonds in the Portfolio
Source: Bloomberg as on August 31, 2016
Spreads between AA & AAA 3 year corporate bonds are above the 2 year period average
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
0.90
Spread 3 Yr Average
8. Investment Strategy
The fund aims to provide investors with yield spreads on corporate debt securities by
cautiously managing the excess risk on its corporate investments. The fund will follow an
active credit quality management strategy.
The scheme being open ended, some portion of the portfolio will be invested in money
market instruments so as to meet the normal repurchase requirements. The remaining
investments will be made in corporate debt securities which are either expected to be
reasonably liquid or of varying maturities. However, the NAV of the Scheme may be impacted
if the securities invested in are rendered illiquid after investment.
In line with the scheme objective we have deployed funds in 2 – 3 year corporate bonds with
the primary focus on accrual. The portfolio average maturity is 2.99 years and the current
weighted average portfolio yield is 8.72%.
Tactical exposure towards long AAA rated corporate bonds has been initiated with a positive
bias on interest rates.
10. Credit Evaluation Philosophy
Independent
Independent in-house research
Fundamental Approach
Judgemental Approach combined with analysis of financial ratios
Intensive Due Diligence
Channel Checks, Interaction with Company Management & Rating
Agencies, Competitor Analysis
Monitoring
Close monitoring of credits under coverage through periodic updates
and analysis.
Bottom Up Approach
Credit Selection, Security Allocation, Spread Dynamics, Sector Allocation
11. Industry Analysis
Structure, Demand &
Supply, Industry Cycles,
Entry Barriers, and
Outlook
Company’s Business
Fundamentals
Competition, Business
Model, Inherent Strengths
& Weaknesses
Financial Analysis
Financial Statements, Ratios,
Capital Structure, Leverage,
Working Capital Management,
Bank Credit Lines , Liabilities,
Asset Quality & Maturity and Risk
ManagementManagement
Promoter Background & Track
Record, Performance of Group
Companies, Internal Controls,
and Succession Plans
Risk Management
Internal reviews and
performance matrices to
manage Exposure Limits ,
Risks such as Credit, Liquidity,
Interest Rate etc.
Macro
Fundamentals
Monetary & Fiscal Policies,
Regulations ,
Credit Evaluation Approach
12. Case Study: A Leading Hotel Company
Background: Jointly promoted by a renowned Indian corporate and a prominent Indian business
family.
Investment Thesis:
• The company has an experience of over 40 years and operates a portfolio of nine hotels in
multiple states in India.
• The company’s financial performance is expected to improve owing to increasing occupancy
as well as average room rates in key markets
Investment Rationale:
• Market outlook for key properties is stable to positive.
• Planned capital expenditure for the company is largely over with over 25% of inventory
added in previous three years and only maintenance expenditure planned in near term.
• Comfort from the common branding, operations, finance and treasury support extended by a
large hotel brand for the Company.
13. Case Study: A Leading Infra Company
Background:
• The company has a Build, Operate and Transfer (BOT) portfolio of 21 road projects
encompassing 5,000 lane km and spread across various states in India.
Investment Thesis:
• 15 out of its portfolio of 21 projects are fully operational.
• The company houses its road projects under two broad holding companies out of which one
was carved out with eight projects in its portfolio to enable a strategic stake sale to a fund
sponsored by a PSU Bank.
• The PSU Bank Sponsored Fund holds around 35% in the said company.
Investment Rationale:
• Key credit strengths are established track record in executing EPC contracts and BOT road
projects
• Moderate financial leverage and working capital requirements and equity investment of Rs.
700 crore by the PSU Bank Sponsored Fund brings the holding company into the league of big
BOT players being the exclusive platform for the Bank to bid for newer projects.
14. Synopsis
Attractiveness of AA & below securities in the improving credit situation.
Sentiments in the bond markets have improved since the formation of a
stable and pro reform government at the centre.
Declining interest from foreign investors have been compensated by
increasing interest from domestic institutions in the bond market. This
inflow of funds will have an impact on the bond prices and may compress
yields.
Declining inflation trajectory and the consistent rate cut by RBI. Its
better to capitalise on the high corporate bond yields now.
16. 16
Strong Indian Presence ; Extended International Reach
63% 37%
India’s premier and largest bank with over
200 years experience (Estd: 1806)
Asset base of USD 399 bn*
Pan-India network of ~22,635 branches and
~ 50,000 ATM’s as at end of June 2014
Servicing over 256 million customers
Only Indian bank in Fortune 500 list; ranked
among the top 100 banks in the world
Global leader in asset management
Backed by Credit Agricole and Société Générale
More than 2,000 institutional clients and distributors in
30 countries
Over 100 million retail clients via its partner networks
€ 866 bn AuM as at end of December 2014
Ranking N° 1 in Europe, Top 10 worldwide #
*Source: SBI Analyst Presentation as on end December 2014
# Source : Amundi website as on end December 2014
17. 17
Why SBIFM : Our Value Proposition
Group Advantage Process Expertise Risk Management
27 years of experience in asset
management with a strong
parentage
Leverage on strengths of both
stakeholders to achieve
qualitatively superior business
Extensive Distribution network
and Strong Relationships with
domestic and international
investors
Structured and disciplined
processes to ensure effective
execution of strategies
Rigorous investment templates
in place for each strategy
Flexibility to tailor solutions and
advisory assignments
Proven expertise in
managing strategies across
asset classes
In-depth understanding of
businesses and strong
linkages with company
managements and sell side
analysts
Strong in-house research
provides depth and breadth
of coverage resulting in
superior security selection
Strong six member
independent team
Risk management aligned
to international standards
Emphasis on coherence in
risk monitoring
18. Mr. Navneet Munot - CIO
Navneet Munot joined SBI Funds Management as Chief Investment Officer in December 2008. He brings
with him over 15 years of rich experience in Financial Markets. In his previous assignment, he was the
Executive Director & Head - multi - strategy boutique with Morgan Stanley Investment Management.
Prior to joining Morgan Stanley Investment Management, he worked as the CIO - Fixed Income and
Hybrid Funds at Birla Sun Life Asset Management Company Ltd. Navneet had been associated with the
financial services business of the group for over 13 years and worked in various areas such as fixed
income, equities and foreign exchange. Navneet is a postgraduate in Accountancy and Business
Statistics and a qualified Chartered Accountant. He is also a Charter holder of the CFA Institute USA and
CAIA Institute USA. He is also an FRM Charter holder of Global Association of Risk Professionals (GARP).
Mr Rajeev Radhakrishnan – Head, Fixed Income
Rajeev joined SBIFM as a fixed income portfolio manager in 2008. He currently heads the Fixed Income
desk at the AMC. Prior to joining SBIFM, Rajeev was Co-Fund Manager for Fixed Income with UTI Asset
Management for seven years. Rajeev is an Engineering graduate and holds a Masters degree in finance
from Mumbai University. He is also a charter holder of the CFA Institute, USA.
Mr. Dinesh Ahuja – Portfolio Manager
Dinesh Ahuja joined SBIFM in 2010. Prior to joining SBIFM, Dinesh was a portfolio manager at L&T Asset
Management and Reliance Group for four years. Dinesh started his career in 1998 as a fixed income
dealer on the sell side. Thereafter he worked in leading broking outfits for eight years before moving on
the buy side in 2006. Dinesh is a Commerce graduate and holds his Masters degree in Finance from
Mumbai University.
Investments Team
19. Mr. Dinesh Balachandran - Head of Research
Dinesh joined SBI FM in 2012 as a Senior Credit Analyst. He is now the Head of Research. Dinesh
started his career with Fidelity in Boston USA in 2001 where as an analyst he covered Structured
Finance, and local US fixed income market over 10 years. Dinesh holds a B.Tech degree from IIT,
Mumbai and M.S degree from Massachusetts Institute of Technology (MIT). He is also a Charter holder
of the CFA Institute, USA.
Mr Lokesh Mallya - Credit Analyst
Lokesh Mallya joined SBIFM in 2014. He brings along 9 years of experience in research in the Indian
fixed income market and fund management. Prior to joining SBIFM, Lokesh was working with Birla
Sunlife Asset Management, Investment Team as fund manager for short term and ultra-short term
funds. He is a Charter holder of the CFA Institute, USA and also a FRM charter holder of Global
Association of Risk Professionals (GARP).
Ms Mansi Sajeja - Credit Analyst
Mansi Sajeja joined SBIFM in 2009. Prior to joining SBIFM Mansi was a senior analyst at ICRA Ltd. for
over three years. Mansi holds bachelor’s degree in Financial & Investment analysis from Delhi University
and has completed post graduation diploma in Business Management from MDI, Gurgaon. She is also a
Charter holder of the CFA Institute, USA.
Credit Analysis Team
20. Disclaimer
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
This presentation is for information purposes only and is not an offer to sell or a solicitation to buy any mutual fund
units/securities. These views alone are not sufficient and should not be used for the development or
implementation of an investment strategy. It should not be construed as investment advice to any party. All
opinions and estimates included here constitute our view as of this date and are subject to change without notice.
Neither SBI Funds Management Private Limited, nor any person connected with it, accepts any liability arising from
the use of this information. The recipient of this material should rely on their investigations and take their own
professional advice
SBI Funds Management Private Limited
(A joint venture between SBI and AMUNDI)
Registered Office:
9th Floor, Crescenzo, C-38 & 39, ‘G’ Block,
Bandra Kurla Complex, Bandra (E),
Mumbai - 400 051
Board line: +91 22 61793000
Fax: +91 22 67425687
Call: 1800 425 5425
SMS: “SBIMF” to 56161
Email: customer.delight@sbimf.com
Visit us @ www.facebook.com/SBIMF
www.sbimf.comWebsite
Visit us @ www.youtube.com/user/sbimutualfund