12 Personal Finance THE ECONOMIC TIMES | MUMBAI | MONDAY | 10 OCTOBER 2011 How to Make Most of Stock Research Reports Q&A Mutual Funds VALUE RESEARCH INVESTING `. 1,500 FOR 15 YEARS I invest `. 500 each in Franklin India Bluechip Equity, HDFC Top 200 and Reliance Growth. How much can I expect from this investment after 15 years? [email protected] Predicting which way market-related investments will move will be an exercise in futility. However, your monthly investment of `. 1,500, if made over the next 15 years can accumulate `. 7.5 lakh if the investment earns an annualised return of 12%, or `. 10.15 lakh if it earns an annualised return of 15%. Both Franklin India Bluechip and HDFC Top 200 are good funds, but you should consider exiting Reliance Growth, a mid- and small-cap fund which has been losing on performance for some time. You can instead consider investing in IDFC Premier Equity or BSL Dividend Yield Plus, which are better in comparison. Continue investing regularly and assess the progress of your investments at least once a year. Check the credibil- PRASHANT MAHESH Look at the relevance RISKY PORTFOLIO I have started two monthly SIPs since August — one in HDFC Mid Cap Opportunities (.`2,000) and the other in Franklin India Bluechip (.`1,000). Are these the right funds to invest in? WED INSURANCE THU FINANCIAL PLANNING FRI REAL ESTATE & SPENDING ity of the brokerage house with friends and acquaintances before using a research report Some Common Types of Research Reports Technical Daily report ACTING ON A REPORT Tells you where the market or stock is headed from a technical perspective It sums up the key events and possible outcomes of the research report and the context in which it is being made before using it A quick read helps investors to know the macro environment before the start of the trading day Used mostly by short-term traders with a view of less than a month Do not just trust a research report blindly. Use that as a base and do your own due diligence before acting on it Industry Earnings Preview Gives a perspective on the various dynamics of the industry and how it is expected to perform Tells you what kind of earnings various companies are likely to clock in the coming quarter Used by investors to track a industry from a macro perspective Be wary of unscrupulous brokerages that come with research reports to merely induce a transaction or dump stocks Used to get an indication of a company’s expected earnings Company You can judge the quality of reports from a brokerage house only by reading them over a period of time. Details the fundamentals of a particular company. Generally has a take on valuations Understand the essence of the report and act on it in totality Investors use these reports many a time to enter or exit stocks Radhika Gupta Founder, Forefront Capital UPNESH With so many research reports floating around, the first thing you have to do is to figure out whether they serve any purpose. Remember, your hard earned money is at stake here. To begin with, check with your friends who invest in stocks and advisors about the quality of the research reports from a particular source. Don’t go by their word alone, though. Keep track of the reports for a while to be doubly sure about the credibility of the report. For example, when you compare what the analyst said in the report with what has actually happened over a period of time, you get a fair idea about the credibility of the brokerage house. “You can judge the quality of reports only if you read them from the same brokerage house over a period of time,” says Radhika Gupta, founder, Forefront Capital. By investing in mutual funds through systematic investment plans, you gain from the power of compounding and averaging of investments over time. You should consider investing in tax-planning funds that have a three-year lock-in period and offer, under Section 80C, tax deduction on investments of up to `. 1 lakh in a financial year. Consider investing in Canara Robeco Equity Tax Saver or Religare Tax Plan, which are highly rated funds with a proven track record, to invest in. You still have six months in this financial year to stagger your investments in this category of funds. INCOME INVESTING lated, easy to read and understand and should reach a logical conclusion. “You need to check if there is consistency and clarity of thought process in the report,” says Daljeet S Kohli, head of research, India Nivesh Securities. MAKING SENSE OF REPORTS [email protected] GROWTH INVESTING TUE Study the report, then do your own research to determine if you should act on its advice R GOOD FUND FOR INVESTMENT I am 28 and earn `. 17,000 every month. I have made a monthly recurring deposit of `. 3,000 and my monthly expenses are `. 10,000. I want to invest `. 1,000 to `. 2,000 every month through SIP. Please suggest a good fund to invest in. MON A Research Report Should Just be Your Starting Point Reports on stocks are no more the preserve of a few, but not all may be credible or meant for you esearch reports are no more the prized possession of a chosen few. These days, every investor has access to these reports on companies, as most broking firms and various investor groups keep sending them via email to their members. Even otherwise, all one has to do is google the name of the company and chances are that you may get at least half a dozen reports on it. In short, finding access to research reports is not the least of the problem faced by investors these days. Most investors have a tough time making sense of some of these reports. “An investor may get at least five research reports daily, but they would find little value in most of them,” says Alok Ranjan, portfolio manager, Way2Wealth. The Financial Week ARE THEY MEANT FOR YOU? Reports differ a great deal in shapes, sizes, number of pages. They may also be written after a particular event, mostly a major one, in the industry. Or there could be a daily report, too. The point is you have to find out whether the research report is intended to serve you. “Research reports are written for various classes of investors. You need to understand the context in which the research report was made, and whether it is really meant for you before acting on it,” says Aseem Dhru, MD and CEO, HDFC Securities. For example, there are reports meant primarily for institutional clients like mutual funds and foreign institutional investors. These investors typically invest in largecap stocks. Brokers bring out reports to update clients on quarterly results, the impact of any devel- opments (the downgrading of SBI by Moody’s, for instance), and so on. Institutional investors have to invest in stocks and they can’t hold much cash unlike retail investors who can hold cash or even invest in debt products. Reports made for these clients won’t serve the purpose of small investors. OUTDATED REPORTS Often, research reports reach small investors very late. By that time the whole market would have read it, acted on the advice and the stock would have gained or lost. So, check the date of the report. It goes without saying that a report made six months ago on the banking stock or sector may not have any relevance today, because of the changes in the economic scenario and monetary stance of the Reserve Bank of India. It is possible the analyst would have changed his/her views. You would do well to check with your investment advisor and be doubly sure about the report rather than assuming things before taking a final call. port which tells whether the analyst or promoter holds the stock or not. Keep an eye for analyst/ broker's stake or action. WHAT TO LOOK FOR IN A REPORT CAN THEY BE TRUSTED? There have been umpteen cases in the past where unscrupulous brokers have come up with buy recommendations and the stocks have crashed subsequently in a short period, leaving investors high and dry. “Many times the company promoters or a group of investors want to exit a stock and, hence, a buy report may be made,” says Radhika Gupta. A research report is often used as a sales tool by brokerage houses. Hence, an investor needs to be cautious of too many buy recommendations coming from the same brokerage house. Most reputed brokerage firms have disclosures at the end of the re- Check the time frame for which the recommendation is being made and the target price recommended by the analyst. This will help you calculate the returns you can expect in a stock and take a decision accordingly. So if the current market price of a stock is `. 100 and the target price is `. 125 in a year’s time, you can expect a 25% return from the stock. Also if the stock is being recommended with a time frame of a year, you can allocate your funds accordingly. Some brokerages come up with hold recommendations for investors already invested in the stock. They also come up with buy levels for new investors. The report should be well articu- Instead of acting solely on the basis of the report, you can also put in some extra efforts to be on the safe side. For example, if you have a buy recommendation, you could read the annual report of the company to make sure that the report got everything right about the company. You can check the annual report for factual things like expansion plans and financial performance. Annual reports of companies are available on their websites. In case of a sell report, check the price movement of the stock. If it has moved up very fast in a very short span of time compared with its peers, it may be a good idea to sell and book profits. “If you are really convinced about a research report and want to act on it, do a double check by also reading the annual report and exchange filings,” says Pankaj Pandey, head of research, ICICI Securities. FOLLOW A REPORT TO THE LAST WORD This specifically happens in the case of technical call reports. For example, a report may say: “Buy Reliance at the current price of `. 780, with a target of `. 850, and a stop loss of `. 750.” While many investors buy the stock, what they don’t or forget to do is to apply the stop loss. When the stock starts moving down, they convert their trading position to long-term investment positions. They then start reading fundamental reports on the stock and making opinions. “Investors need to follow the report in totality, even if it means exiting a stock at a loss,” says Aseem Dhru. [email protected] TOMORROW How to Deal with Tax Issues If You are Returning to India for Good [email protected] Large-cap Funds Done in by FIIs, Global Factors to Have Don’t Lose Your Faith in Them a Say on the Markets Both the funds are good and you should continue investing in them regularly. However, you should be aware that the combined impact of the fund is risky with 66% of your investments in the mid- and small-cap category. Make it a habit to assess the progress made by your investments by tracking the performance of these funds regularly; at least once a year. Expert Take CORPUS FOR HIGHER EDUCATION I am 23 and earn `. 26,000 every month. I would like to invest `. 10,000 every month through SIPs. Please guide me with investments as I am planning to go for higher education in two years. [email protected] Your enthusiasm to invest so early in life and plan to build a corpus to fund your higher education two years from now are commendable. You should definitely invest in a tax-planning fund, such as Canara Robeco Equity Tax Saver or Religare Tax Plan, to reduce your tax liability. The tax deduction on investments in this category of funds will be available till March 31, 2012, after which the new tax code will come into effect. This category of funds does not find a mention amongst the list of investments that would qualify for tax deductions under the new code. Next, build a core mutual fund portfolio made up of large-cap funds such as DSPBR Top 100 Equity or ICICI Prudential Focused Equity and large- and midcap funds such as HDFC Top 200 or Fidelity Equity, which are all highly rated with a proven track record. Make sure you track the progress made by your investments at least once a year and assess the performance of the funds that you invest in. Dhirendra Kumar CEO Value Research If you were to look at the short-term performance of various categories of equity mutual funds on ValueResearchOnline.com right now, you could be forgiven for assuming that there was a mistake. The normal pattern that is followed when the markets decline stands completely reversed. Large-cap funds have performed the worst, while large- and mid-caps funds have fared slightly better. But the surprise has been that the mid- and small cap funds have performed the best (or, rather, put up the least worst performance). To be precise, large-caps have Our expert guides you in matters relating to mutual fund. Email to [email protected] declined by 17.7% over the last six months, large- and mid-caps by 15.9%, multicaps by 15.6%, and mid- and small-caps by just 11.9%. This is precisely the reverse of what is normal in market declines and turns the logic for investing in large-cap investments on its head. The whole point of investing in large-cap stocks (and equity mutual funds that invest in these stocks) is that large-caps are more stable as business as well as stocks. As businesses, they tend to have have a lot more momentum, in the sense that it would take a relatively long time for any reversal of fortunes to take place. Large-cap companies tend to have a much larger floating stock and simply have a much larger set of investors invested in them. This makes them widely tracked and analysed, which makes it less likely for news or fact of importance to stay hidden. The larger floating stocks also mean that if you were to try to sell such a scrip even in bad times, it would be much easier and there would be a lower impact cost compared with stocks of smaller companies. All these are rules of thumb and while there are certainly exceptions they are true as a whole. This stability means that any fund analyst and investment advisor would recommend that equity mutual funds that invest in such companies be a core component of an investor's portfolio. I would normally say that well above 50% of an investor's equity fund holdings should be in such funds; for an investor who needs to take a conservative approach, there's no harm in having 100% exposure. The logic is that when the markets decline, such funds will decline less. So what gives? Why has the current pall of gloom on the stock markets descended much more darkly upon large caps? The answer is the same simple accusation that is the Indian investor's pet complaint: The FIIs did it. Except that in this case it appears to be true and usual suspects really are the villains. You see, FIIs by and large limit themselves to the larger cap companies. Most of them have hard lower limits on the market cap of the companies they invest in. This effectively means that in general, the larger a company, the more likely it is to have a higher FII shareholding. Which is great in normal times, but means trouble in times of general FII sell-offs. Over the last few months, as FIIs have sold off India in waves, large-cap stocks have suffered disproportionately. And obviously, along with these stocks, equity mutual funds that focus on these stocks have also suffered. What does this mean for the investor? The troubles that are making FIIs skittish could actually continue for years, with money flowing in and out as panic levels rise and subside. Does this mean that the Indian investor should reverse the rationale for investing in large-caps and conclude that they are the riskier asset? Not quite. This logic applies only in the very short-term. In the long run, the basic qualities for which largecaps are more suitable are more relevant. Just because one group of investors is pulling out money doesn't mean that the fundamentals of investing have been reversed. Large-caps are safer, more predictable, better understood and generally immune to problems that plague smaller stocks. The last six months are not going to change that. Wealth Monitor EQUITY: Investors saw a relief rally in eq- uity markets on Friday. But, over the last week, it was a falling market, with banking sector stocks losing the most. Credit rating agency Moody’s downgraded State Bank of India, and the entire banking sector stocks, along with SBI, reacted to the announcement adversely. The Bank Nifty emerged as the biggest loss making sectoral index with a 4.54% fall over the last week. Nifty saw a fall of 55 points and closed at 4,888, recording a loss of 1.12%. Going forward, markets will remain watchful about macro-economic factors in Europe. A sovereign default possibility looms large on the global financial markets. Markets in the short term are expected to take cues from the global macro economic factors. Funds flows from FIIs are expected to be influenced by liquidity in the global financial system. On the domestic front, macro economic factors and corporate earnings will influence the equity markets. IIP numbers are awaited on October 12. Numbers of the monthly wholesale price index are due on October 14. Corporate earnings announcements for second quarter in FY2012 will start with Infosys Technologies announcing its results on October 12. “Corporate results will be watched out for any impact of inflation and rising interest on corporate profitability. Results from IT sector companies will be keenly awaited by analysts for the positive impact the depreciating rupee brings in on rupee revenues of the IT companies,” says Kaushik Dani, head of equity, Peerless Mutual Fund. Market participants are expecting stock-specific movements after corporate earnings are announced, though the broad index may keep trading in a narrow range. FIXED INCOME: Market participants are expecting the interest rates to peak in near future. Analysts will wait for further cues from the RBI on the next policy announcement scheduled for October 25. “Short-term income funds look good as they are invested at the short end of the yield curve and in a way are protected from extreme volatility due to rise in interest rates,” says Rahul Pal, head fixed income, Taurus Mutual Fund. Liquid and liquid plus funds remain attractive parking spaces for idle money of investors. GOLD: The ultimate currency, gold, re- mained in demand on the auspicious occasion of Dussera. Gold recorded a gain of 1.63% over one week. Gold prices are expected to remain buoyant due to a rise in consumption demand from India, ahead of the festive season. “In the short term, gold should see resistance in the range of `. 27,500-28,000 and support in the range of `. 22,50023,000,” says Pravin Mokashi, an independent technical analyst. Investors' quest for a safe haven will further ensure that gold prices remain firm in medium term. ULIP NAVs Here’s a ready reckoner to track the week-on-week changes in your ULIP portfolio SCHEME NAV %CHG Pension Bal AEGON RELIGARE Accelerator SCHEME 8.42 -1.29 Pension Debt NAV %CHG SCHEME 12.80 -0.70 ING VYSYA 11.18 -0.27 Active Asset Al NAV %CHG 9.50 -0.84 Balanced 12.08 -0.58 Pension Growth 15.37 -1.28 Indiv. UL Bal Conservative 12.29 -0.49 UL Liquid Indiv. UL Debt 15.98 -0.31 Debt 14.13 Indiv. UL Eqty 14.68 -1.67 — Enhanced Equity11.83 -1.25 Group Equity 10.46 EDELWEISS TOKIO 0.16 0.16 Stable 12.53 9.24 -0.54 CANARA HSBC OBC Bal Plus Life 9.19 -0.65 13.75 -2.69 Growth Super NAV %CHG 14.84 -1.46 SCHEME AIP -C NAV %CHG 13.12 -0.61 SCHEME NAV %CHG NAVs in as on 07.10.2011 SCHEME NAV %CHG 12.20 -1.37 SIP+ MoneyMkt 12.81 GSLI Balanced 12.83 -0.54 New Balanced 10.55 -0.57 SAIP Gilt 0.16 W+HP Energy 9.27 -0.64 Top 300 Pension10.48 -0.85 AP Retu Lockin AIP Energy 9.27 -0.64 GSLI Corp Bond 12.41 -0.16 New Corp Bond 11.00 -0.09 SAIP Infrastruc 7.01 -1.54 SIP+ PureEqty 12.11 -1.22 W+HP Equity 9.08 -1.73 Unit+II Bal Pen 16.73 -0.71 AggressiveFlexi 11.09 -0.54 Future Sel.Eqty 15.69 -1.01 Bima+ Risk 53.86 -3.56 AIP Equity 10.94 -1.71 GSLI Energy 13.83 -0.58 New Energy 8.66 -0.57 SAIP Midcap 9.45 -2.48 SLI Energy 13.83 -0.58 W+HP Gilt 11.64 -1.36 Unit+II Gr Pens 14.53 -1.02 Aggrresive-G GrEnabler Life 10.87 -0.64 Bima+ Sec 31.63 -1.16 MktPlus I Bal 11.18 -3.20 Pens Gr Super AIP Gilt 12.20 -1.37 W+HP Infrastruc 7.01 -1.54 UnitPlus Bal Apex Investment10.06 0.10 GrMaximiz Life 14.06 -2.70 MktPlus I Bond 12.69 -0.47 Pension Bal W+HP Midcap UnitPlus Grow 19.47 -0.92 Apex Invt-2 10.14 0.10 Growth GrPens 12.29 -0.57 11.76 -0.08 MktPlus I Grow 12.41 -3.57 Apex Lockin-2 10.00 — Child FP Bal 9.05 -1.42 GSLI Equity 17.23 -1.71 New Equity 9.52 -1.65 SAIP Money Mkt13.85 SLI Equity 17.23 -1.71 AIP Infrastruct 7.01 -1.54 GSLI Gilt 11.11 -1.33 New Fund A 9.76 -1.31 SAIP Pure Eqty 10.95 -1.08 SLI Gilt 11.10 -1.33 Pension Conserv14.81 -0.27 AIP Midcap 9.45 -2.48 GSLI Infrastruc 10.44 -1.51 New Fund B 10.23 -0.78 SCP Energy 9.27 -0.64 SLI Infrastruct 10.44 -1.51 W+HP Money Mkt13.10 0.15 GSLI Midcap 8.35 -1.76 SLI Money Mkt 12.34 W+HP Pure Eqty10.95 -1.08 15.25 -0.46 0.14 New Fund C 10.55 -0.57 SCP Equity AIP Pure Equity 10.95 -1.08 GSLI Money Mkt 12.34 0.16 New Fund D 10.19 -0.78 SCP Fund (G) 11.93 -0.58 SLI Pure Equity 16.88 -1.11 10.22 -1.18 Pens Preserver 11.95 -0.25 Endow +Bal Money+ Bond 14.18 -1.18 Secured Discontinued Po 10.35 0.19 GSLI Pure Debt 12.17 -0.65 New Fund E 10.23 -0.78 SCP Fund (H) 10.79 -0.74 SMRP Balanced 17.01 -0.58 9.07 -2.28 Pens Prime Eqty 8.90 -1.55 Endow +Bond Money+ Grow 10.87 -3.81 UL Money Market10.99 0.18 GG Balanced 13.65 -0.44 GSLI Pure Eqty 16.88 -1.11 New Fund F 10.23 -0.97 SCP Infrastruct 7.01 -1.54 SMRP Energy Pension Debt 13.31 -0.22 Endow +Gr 9.31 -3.12 Money+ Sec 13.29 -2.99 UL Secure Plus 11.25 -0.35 GG Cap Secure 14.32 GYP Balanced New Fund G 10.55 -0.57 SCP Midcap 9.45 -2.48 SMRP Equity 10.94 -1.71 Pension Eqty 8.97 -1.64 Endow +Sec 9.49 -2.06 Money+I Bal 13.63 -3.67 New Fund H 10.19 -0.78 SCP Pure Equity 10.95 -1.08 SMRP Growth 18.27 -0.76 Bond Pens 11.36 -0.09 9.69 -0.41 Cautious AA 12.54 -0.32 Eqty Gr Pens 17.66 -1.62 15.25 -1.80 9.36 -2.19 10.70 — 15.98 -0.37 GG Corp Bond MET 0.14 0.21 15.75 -2.48 17.01 -0.58 12.89 -0.39 GYP Cap Secure 15.43 0.13 Money+I Bond 13.54 -0.44 Accerlerator 21.36 -0.93 GG Equity 13.61 0.15 GYP Energy 9.27 -0.64 New Gilt 10.83 -1.10 SCP Return Shld 12.94 -0.61 SMRP Infrastruc 7.01 -1.54 Money+I Gr 12.87 -3.16 Balancer 18.98 -0.68 GG Gilt 11.31 -0.96 GYP Equity 12.67 -1.71 New Growth 10.19 -0.78 SGYP Balanced 17.01 -0.58 SMRP Midcap Fortune + Gr 10.70 -3.52 Money+I Sec 14.43 -1.70 Balancer 2 10.08 -0.79 GG Growth 12.75 -0.70 GYP Growth 14.55 -0.82 UL Guar Growth 11.98 -0.42 Fortune + Sec 13.25 -2.21 Pens +Debt 10.60 -0.75 Disconti Policy 10.57 9.75 -1.91 11.29 -2.59 0.19 GG Infrastruc 7.94 -1.49 New Indian Trad 9.25 -0.96 SGYP Energy 9.27 -0.64 SMRP Money Mkt12.34 0.08 7.01 -1.54 New Infra 7.29 -1.35 SGYP Equity 10.94 -1.71 SMRP Pure Eqty 10.95 -1.08 GYP Midcap 9.45 -2.48 New Midcap 8.17 -2.27 SGYP Growth 14.55 -0.82 TIPS1 Corp Bond12.93 -0.23 16.78 -1.64 Profit + Bal 13.57 -1.81 Gratuit Debt 10.82 -0.09 GG Money Market12.82 0.16 GYP Pure Equity10.95 -1.08 New Money Mkt 11.23 21.44 -3.21 Profit + Bond 13.88 -0.22 Gratuity Bal 11.49 -0.35 GG Pure Debt 12.83 -0.54 High NAV Adv2 9.26 -1.17 New Pure Eqty Balanced 10.22 -2.24 Future+ Inc 16.17 -0.80 Profit + Gr 10.23 -4.03 Moderator 16.68 -0.30 GLE Balanced 11.50 -0.61 High NAV Advt1 8.63 -0.58 New Retu Shield 10.84 -0.55 Debt 11.10 Gratuity+ Bal 15.31 -1.29 Profit + Sec 12.94 -1.90 Multipler 21.84 -1.13 GLE Corp Bond 13.73 -0.22 Highest NAV 10.68 -0.19 Pens Bond New 12.11 0.08 GRF 20001219 11.03 -0.09 Debt Fund1 10.69 — Gratuity+ Bond 14.73 -0.67 Samridhi Plus 9.41 -3.88 Multiplier 2 GLE Equity Imaan 12.11 -1.22 Income 12.92 0.16 Debt Pension 11.03 0.09 Gratuity+ Grow 14.44 -2.04 Wealth Plus 9.12 -3.18 NAV Guarantee 10.35 -0.19 GLE Gilt Income Pens 11.84 0.17 Dynamic A.A. Preserver 14.26 -0.63 GLE Money Mkt 10.59 0.09 MGP -D Liquid 12.44 0.08 EBP Bond 10.51 Growth Plus Lif 8.35 -1.07 Liquid Pens 11.58 0.17 EBP Cash 10.33 Guarantee+ Life 9.46 -1.15 MaxiNAV Guarant 9.89 -0.10 EBP Equity Liquid Life Midcap 9.32 -2.31 EBP Index Midcap Pens 9.01 -2.28 INDIA FIRST 0.18 Bal Fund1 GRF 14690413 13.33 0.15 Bal Pension GRF 15030813 13.03 0.15 GRF 19000619 11.37 — 0.15 Apex Pens 2 Infrastructure Apex Pens 20-2 8.91 -1.33 Largecap Eq Lif 9.74 -1.52 Apex Plus -2 9.16 -0.76 Sanchay R -G 14.68 -3.99 Daily Protect 3 9.88 -1.10 Sanchay R -Sec 13.69 -0.15 SHRIRAM Maxima Gr Pens 10.00 — ApexPens 15Invt10.05 0.10 ST FixInc -Life 13.85 0.14 Conservator 0.15 ApexPens 20Invt10.04 0.10 ST FixInc-GrPen 13.70 ConservatorGold11.50 -0.77 ApexPens Invt 10.00 — Select Equity FlexiProtect 2 10.69 -0.65 Defender 10.49 -1.42 ApexPlus Invt 0.20 Stable -G Life 14.85 -0.67 GPF 070211 0.10 Dynamic 11.52 -3.94 ApexRet Lock-in 10.91 -0.82 Stable Flexi 11.34 -0.26 Equity Elite 2 9.99 -0.89 FlexiProtech 15.93 -0.69 14.09 -0.49 TIPS1 Energy 9.39 -0.63 SGYP Midcap TIPS1 Equity 11.28 -1.74 SGYP Money Mkt12.34 0.08 TIPS1 Gilt 11.59 -1.36 GPF 100710_10 10.39 -0.48 Guardian 15.00 -1.79 ApexRet Lockin210.21 -0.97 Sup Invt Fund SGYP Pure Eqty 10.95 -1.08 TIPS1 Infrastr 6.90 -1.43 Gr Bal Plus 12.90 -0.23 Guardian Plus 10.34 -2.29 Bal GrPens 12.53 -0.32 Sup Rtn Lock-in 9.06 -1.09 RPL Corp Bond 12.40 -0.24 SIP Corp Bond 12.83 -0.23 TIPS1 Midcap 9.52 -2.46 Gr Debt Plus 11.76 0.09 Guardian Shield 10.19 -1.45 Balanced Life 19.51 -0.76 SupSel Eqty Pen 10.06 -0.98 RPL Energy 13.83 -0.58 SIP Energy 9.90 -0.60 TIPS1 MoneyMkt13.03 Gr ST Plus 10.16 0.10 Maximus 15.08 -2.82 Bond 11.71 — Super Sel. Eqty 10.63 -0.84 13.08 -0.76 RPL Eqty 17.23 -1.71 SIP Equity 11.29 -1.74 TIPS1 Pure Eqty 10.95 -1.08 Group Growth+ 12.63 -0.55 Maximus Gold 11.45 -4.05 Bond GrPens 13.11 -0.15 Super110%CG Lif10.71 -0.09 11.65 -1.35 TIPS2 CorpBond 12.92 -0.23 Hori Bond 17.41 -0.06 Maximus Plus 10.57 -3.08 CapGuar Life 12.15 -0.33 Top200 16.67 -1.71 Hori Eqty 34.73 -1.39 Preserver 10.78 -0.18 Discontinuance 10.46 Top50 15.00 -1.38 Protector 12.03 -0.50 Eqty Group Pens30.39 -1.65 WL Midcap Agg G13.68 -1.01 Secure Plus 10.84 -1.27 Equity Life WL Midcap Eqty 12.43 -2.05 Insu Bond New 12.09 — 9.45 -2.48 0.15 10.39 Preserver 2 11.02 -0.72 GLE Pure Debt 13.03 -0.61 MGP -E 13.09 -0.83 RPL Gilt 11.10 -1.33 SIP Gilt Health Protect 10.93 -1.80 Conservative 19.10 -0.21 Protector 15.29 -0.13 GRPS1 Insu.Bond12.85 — MGP -F 12.98 -0.99 RPL Infrastr 10.44 -1.51 SIP Infrastr 7.23 -1.50 TIPS2 Energy J.Saathi +Bal 11.14 -0.27 GRPS1 Pens.Bond12.86 — MGP Return Shld13.72 -0.58 RPL Midcap 15.75 -2.48 SIP Midcap 9.13 -2.56 TIPS2 Equity 11.28 -1.66 Hori MoneyMkt 14.24 0.14 16.80 -0.59 MRP Balanced 17.01 -0.58 RPL Money Mkt 12.34 TIPS2 Gilt 11.59 -1.36 Hori2 Bond Pens14.89 — MRP Cap Secure 15.37 RPL Pure Eqty 16.88 -1.11 SIP Pure Equity 12.11 -1.22 TIPS2 Infrastr 6.89 -1.43 Hori2 EqtyPens 12.31 -1.20 Tyaseer 9.34 -2.97 Fut Bal Pension 12.32 -0.24 WL Stable (G) 9.55 -2.45 Index 9.53 -0.83 Wealth Creator 8.73 -3.96 Fut Cap Gur Pen 11.78 -0.25 WholeLife ST FI 13.43 Index Pension 9.89 -0.90 TATA AIG Fut Eqty Pen Wholelife Incom 13.29 -0.15 9.39 -0.63 J.Saathi +Sec 10.02 -5.20 Gr SupAnnuat-G 12.56 -0.55 Virtue 9.33 -0.74 GSA Corp Bond 11.75 -0.25 MRP Energy 9.27 -0.64 SAIP A 11.06 -1.25 SIP+ CorpBond 12.83 -0.23 TIPS2 Midcap 9.98 -3.47 Jeevan+ Bal 14.59 -1.55 GrGratuity Bal 15.68 -0.51 Virtue 2 9.09 -0.76 GSA Equity 10.04 -1.76 MRP Equity 25.68 -1.72 SAIP B 12.33 -0.80 SIP+ Energy TIPS2 MoneyMkt13.02 8.25 -3.83 Jeevan+ Bond 14.67 -0.07 GrGratuity Cons 14.44 -0.28 GSA Gilt 10.29 -1.34 MRP Growth 18.27 -0.76 SAIP C 13.12 -0.61 SIP+ Eqty 11.29 -1.74 TIPS2 Pure Eqty 10.95 -1.08 MoneyMkt Pens 12.61 0.16 110% CapGuarant11.17 -0.27 Jeevan+ Grow 20.71 -3.00 GrGratuity Grow 14.47 -0.89 AIP -A 11.06 -1.25 GSA Growth 10.44 -0.76 MRP Infrastruct 7.01 -1.54 SAIP Corp Bond 13.88 -0.22 SIP+ Gilt 11.65 -1.35 W+HP -A 9.41 -1.26 PE Managed 8.78 -1.13 AP 10Ret Lockin 9.84 -0.91 Jeevan+ Sec Growth AIP -B 12.33 -0.80 GSA Money Mkt 12.34 MRP Midcap SAIP Energy SIP+ Infrastruc 7.23 -1.50 W+HP -B 10.84 -0.82 RGF 070311 10.02 -0.69 AP 15Ret Lockin 9.67 -1.23 Liquid Pension 10.98 0.18 — 21.94 -0.45 9.96 -3.58 — 9.99 Balanced Equity 10.00 10.07 16.14 -0.98 SGYP Infrastruc 7.01 -1.54 0.18 9.25 -0.96 GSA Cap Secure 12.75 Liquid 0.19 15.44 ApexPens 10Invt10.07 0.10 Return GuaranI 10.79 Index Tracker 0.19 Liquid Life 9.97 -2.39 Gr SupAnnuat-Co11.50 -0.26 13.04 -1.29 Liq. Group Pens 15.74 Apex+Ret Lockin 9.86 -0.90 ConservPlatinum11.10 -1.96 J.Saathi +Grow 10.29 -3.20 Growth 8.42 -2.09 Balancer 13.12 -0.91 8.59 -3.34 Equity Pension 8.82 -1.12 14.74 -0.14 Equity Elite Eqty Fund1 9.23 -3.44 10.00 8.89 -1.00 Eqty Optimiser 10.98 -1.08 GSA Balanced 13.28 -0.75 8.23 -1.08 Income Life Sanchay R -Bal 16.52 -1.73 Return Guaran2 10.68 -0.09 Moderate AA Pure Fund 0.10 Samanvay R Prim 8.66 -4.73 Protector 2 12.10 -0.49 Pens Dyna Eqty 15.76 -1.44 11.54 -1.95 22.88 -1.08 Inc. Group Pens 15.36 -0.13 Gr SupAnnuat-B 13.52 -0.52 Debt 9.44 -1.15 Health Plus 8.59 -1.60 12.40 -1.35 Growth Life 9.16 -0.87 Apex Pens 15-2 8.89 -0.67 Daily Protect 2 Eq Opt Pension 11.03 -1.08 14.58 -1.15 — Apex Pens 10-2 8.90 -1.11 Dynamic Oppor 12.86 -0.77 13.06 14.97 -1.12 0.10 MAX NEW YORK 10.99 -2.40 8.77 -0.57 9.88 -0.90 12.85 -3.38 9.74 -2.11 Mly Interest Nifty Pens 15.32 -1.16 9.46 -1.15 GG Midcap SBI Daily Protect SAHARA R Smart J.Saathi +Bond 11.28 -0.27 12.96 -0.92 Nifty Index Gratuity+ Inc 9.99 -3.07 9.36 -1.58 9.45 -2.48 18.05 -0.72 — Balanced Large Cap Eqty 13.19 -1.49 0.18 — Flexi Cap 9.45 -2.48 GYP Infrastruct 14.64 Discontinue Pol 10.02 9.27 -0.64 Fortune + Bond 13.35 -0.30 Fortune + Bal Pension Liquid 12.90 Future+ Grow Debt Plus Life 10.59 -0.19 0.16 Pension Liquid 11.87 -0.42 Pension Equity 10.09 -1.66 0.16 Fut Income Pens12.42 AIP Corp Bond 13.88 -0.22 11.50 -1.63 AIP Money Mkt 13.85 14.44 -1.70 NAV %CHG Fut Growth Pens12.08 -0.33 High Growth Pension Secured14.15 -0.28 IDBI FEDERAL SCHEME AP 20Ret Lockin 9.72 -1.22 Guaranteed Inc 12.76 -0.31 Pension Growth 16.73 -0.71 Aggresive AA NAV %CHG Guaranteed Dyna13.19 -0.45 11.29 -3.01 9.25 -0.32 Mkt Shield Guar 8.11 SCHEME 15.16 -0.13 Market+ Bond Future+ Bond DLF PRAMERICA 10.88 -0.82 SIP+ Midcap Future+ Bal 0.16 Top 300 10.94 -1.71 9.24 -2.15 12.56 W+HP Corp Bond13.01 -0.23 SAIP Equity 10.30 -2.12 11.63 -0.94 9.13 -2.56 MRP Pure Equity10.95 -1.08 12.97 -2.70 GRF 13380714 11.30 Growth Life NAV %CHG Money+ Bal Equity Growth 12.20 -1.61 9.64 -0.92 SCHEME MktPlus I Sec 12.73 -0.62 Growth 2 Life NAV %CHG Child FP Sec 13.35 -0.15 9.23 -1.18 SCHEME Child FP Grow 14.06 -3.23 Debt Life 11.47 -1.12 NAV %CHG 14.17 -1.60 Child FP Bond Balanced Life Equity Life SCHEME GSA Pure Debt 12.49 -0.64 Pens +Mixed Equity 2 Life NAV %CHG — 0.10 Balanced 2 Life 10.10 -0.59 0.20 SCHEME Market+ Sec Market Shield CGF 07090614 SCHEME Market+ Grow 13.69 -3.79 9.71 -1.84 Top 250 NAV %CHG 38.66 -2.08 LIC Bima+ Bal 9.87 -0.50 PE Based Secured Market+ Bal Managed Fund Pension Debt Pension Secure 12.19 8.56 -3.58 Eqty LargeCap Money Market 10.09 Pension Index 17.81 -1.11 Value Indiv. UL Secur 17.11 -0.35 10.11 Pension Balance 13.02 -0.53 — SCHEME 0.10 Bond NAV Protector 10.49 -0.29 11.95 17.79 -0.56 NAV %CHG Indiv. UL Growt 19.37 -1.02 8.83 -1.23 Pension Equity 18.82 -1.21 0.10 SCHEME 14.57 -1.35 28.55 -0.87 — RELIANCE 0.16 0.08 0.13 9.45 -2.48 0.16 9.27 -0.64 SIP Money Mkt 12.81 0.16 9.90 -0.60 0.15 0.10 28.50 -1.55 11.04 -1.69 12.80 -0.70 0.15 For a comprehensive list of net asset values (NAVs,) shortand long-term returns on hundreds of fund schemes log on to mf.economictimes.com and click on Databank
© Copyright 2024