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Monthly Update May 2016

The first month of FY16-17 started on a positive note with benchmark Index

(Nifty) continue to take northward direction. A sentiment in market has again

turned when macro-economic release like inflation and industrial production had

beaten analyst’s expectation. The recent released macro-economic releases have no

doubt brought some respite to policy makers who are struggling hard to put India on

the track recovery.

What could add further optimism to the market was the Indian Metrological

Department’s (IMD) prediction about monsoon. Indian Metrological Department

has a forecast of 106% of Long PeriodAverage (LPA) rainfall this year. In the last two

years, Indian economy had witnessed drought. Water reservoir level has fallen and

many states are facing actute drought situations. This has impacted economy

severally as it has lowered down rural incomes.

The April 2016 was also marked by two important global events. First was the

(FOMC) Federal meet and second the Bank of Japan (BoJ) interest rate meet. The

Central banks of both countries have left policy rates unchanged with a mandate to

foster maximum employment and maintain price stability. Indian indices continue to

extend winning streaks thus brushing aside the impact of Fed Meet and BoJ interest

rate meet. Moreover, Indian economy has caught the fancy of foreign institutional

investors again with FII pumping in near INR 8400 Crores in equity market in

April’16.On the hand, International Monetary Fund (IMF) as per its latest report

stated that China’s slowdown might not be severed as first feared but its shift from

investment led growth will have a cascading effect on trade globally. IMF has

lowered down the global growth projection from 3.4% to 3.2%, but has maintained

India GDP growth of 7.5% for FY16-17, signaling that despite tepid global scenario,

India continues to keep its pace of economy growth. If the monsoon turns out to be

good then, India’s GDPgrowth estimates should revised.

Back home in India, the Indian economy had witnessed two important events. First is

the passage of Land title bill by Rajasthan. Second is the 100% Foreign Direct

Investment (FDI) in the market place of e-commerce retailing. With Land Title bill

coming into effect, residents living in the State can now seek a certificate of

ownership just by paying nominal fees. All these factor put together will make India

an attractive destination and should bring confidence amongst investor community.

It seems Indian market are now moving towards better days. But, the true picture of

Indian economy should come from September 2016 when monsoon would have

played out. Again all hopes rest on GST; a game changer for economy. If that

happens, Sensex should cross 30000 levels. It seems as if Indian indices are getting

ready for the next bull run.

Happy Investing !

2

May 2016

Health Insurance

“Health is a state of complete physical, mental and social well being

and not merely the absence of disease or infirmity” - World Health

Organization. Health insurance is a type of insurance coverage that

pays for medical and surgical expenses that are incurred by the insured.

Health Insurance can either reimburse the insured for medical

expenses incurred or can pay the care provider directly.

“Health is wealth” is a common phrase, yet we understand the true

meaning of the expression only when we fall sick or get hospitalized,

resulting in medical expenses and a loss of income.

Public healthcare facilities in India are not adequate and proper in order

to meet the healthcare requirements of entire population of the country.

So generally patients have to rely on more expensive private healthcare

services. Moreover, in certain critical illnesses, the cost of treatment

can be exorbitant, causing a severe stress to the family’s finances. Most

senior citizens rely on their life’s savings for their medical treatment.

However, with rising inflation, their savings are rarely sufficient to

meet such healthcare expenses.

Let us take an example of an average Indian household. An adult male

who is only earning member in family, having three to four dependents.

In case this primary breadwinner suffers a heart attack (or any other

critical illness that makes him unfit for work), the rest of the family will

face a severe cash crunch. It would not be possible for them to sustain

their lifestyle, repay debts or even afford the high costs of treatment. In

such a scenario, getting insurance is the only way to mitigate these

financial risks. One can do this by investing in a Health Insurance plan

that guarantees peace of mind at the time of crisis.

Health Insurance is needed because

• Lifestyle related ailments are common these days• Healthcare is becoming increasingly expensive• It is difficult for a family to quickly arrange for huge amounts of

money required for treatment• Most of the savings of a family are in the form of fixed assets,

which cannot be liquidated quickly

The advantages of Health Insurance policy

No one plans to get sick or hurt, but most people need medical care –

like a doctor visit, a prescription drug, a lab test, physical therapy, or

counseling – at some point. These services can be expensive.

The Health Insurance offers a variety of high-quality health coverage

choices for routine and non-routine medical services that can work for

your family and budget.

• Ensure peace of mind• Flexible insurance cover• You can avail facilities up to old age by renewing the policy every

year• No need to carry cash to the hospital because one can avail the

cashless treatments.• Income tax benefits u/s 80D

Tax benefits associated with Health Insurance

• - The health insurance premium qualifies forTax benefit u/s 80D

deduction under section 80D.

• - Any premium paid for the healthTax benefit u/s 80DD

insurance of a dependent/ disabled person qualifies for deduction

under section 80DD. Deductions are also available for any

expenses incurred for the medical treatment of the disabled.

Procedure for making claims under health insurance

Claim policy differs from company to company and product to

product. In general, the claim process for a cashless scheme is as

follows:

• Get admitted to any of the authorized hospitals in the network• You need to fax the pre-authorization form to the insurance

company or TPA• The insurance company will examine the claims• The insurance company will settle the claim with the hospital

directly

What’s covered in the Health Insurance Market Place?

• Treatment in the hospital for inpatient care• Prescription of medicine or drugs of the insured.• Pediatric services; includes dental care and vision care for kids.• Pregnancy, maternity, and newborn care before and after your

baby is born.• Outpatient care - insurance benefit without being admitted to a

hospital.• Mental health and substance use disorder services: This includes

behavioral health treatment, counseling and psychotherapy.• Preventive services including counseling, screenings and

vaccines to keep you healthy and care for managing a chronic

disease.• Services and devices to help you recover if you are injured, or

have a disability or chronic condition. This includes physical and

occupational therapy, speech-language pathology and more.

Special Review

3

May 2016

Derivative is a security with a price that is dependent upon or derived

from one or more underlying assets. The most common underlying

assets include stocks, bonds, commodities, currencies, interest rates and

market indexes.

Derivatives are the type of investments where an investor does not own

the underlying assets but makes a bet on the direction of price movement

of the underlying asset through an agreement with another party.

There are different type of derivative instruments like swaps, options,

futures and forward contract.

• Swaps – Swap is an agreement between two parties to exchange

sequences of cash flow for a set period of time. The agreement defines

the dates when the cash flows are to be paid and the way in which they

are to be calculated. At the time the contract is initiated at least one of

these series of cash flows is determined by random or uncertain

variables such as interest rates, foreign exchange rate, equity price or

commodity price. The payment can be made on fixed interest rate or

floating interest rate, or the performance of currency, a bond or a stock

index. There are two types of swaps:

Parties exchange a fixed rate for a• Interest rate swaps:

floating rate loan. If one party has a fixed rate loan but floating

liabilities, then the party may enter into a swap contract with

another party and exchange fixed rate or floating rate of

liabilities.

It is a foreign exchange derivative between• Currency Swaps:

two parties/institutions to exchange the principal or interest

payments of a loan in one currency for equivalent amounts in

another currency. It is not required by the law to show this in

company’s balance sheet.

• Options – An option is a financial derivative that represents a contract

sold by one party (option writer) to another party (option holder). The

contract offers the buyer the right, but not the obligation, to buy (call)

or to sell (put) a security or other financial assets at an agreed upon

price during a certain period of time or on a specific date. There are

two types of options:

A call option gives its owner the right to• Call Option:

purchase a given number of shares at a specified price over a

given time period. Let's say HDFC Bank Ltd'sExample:

stock is currently trading at INR 100 per share. Now let's say

an investor purchases one call option contract on HDFC with

a INR 100 strike price and at a price of INR 2.00 per contract.

When the option expires, HDFC Bank Ltd. is trading at INR

105. The call option gives the buyer the right to purchase

shares of HDFC at INR 100 per share and buyer would sell

@ INR 105 per share thus making a profit of INR 5.00 per

share.

A put option gives its owner the right to sell• Put Option:

underlying asset by a certain date at a certain price. Investors

use this option when they expect the stock/index to fall by

the expiry period. Let's say Axis Bank Ltd's stockExample:

is currently trading at INR 100 per share. Now let's say an

investor purchases one put option contract on Axis Bank

with a INR 100 strike price and at a price of INR 2.00 per

contract. When the option expires, HDFC Bank Ltd. is

trading at INR 98. The put option gives the buyer the right to

sell shares of HDFC at INR 100 per share whereas in the

market Axis Bank is trading at INR 98. Thus in this situation

the investor would sell @ INR 100 per share thus investors is

better off by INR 2.00 per share.

• Futures –An exchange traded obligation to buy or sell an asset at an

agreed upon price at a specific future date. The value of contract

changes as the price of underlying asset changes, and most contracts

are settled in cash, rather than in physical exchange of goods at

contract expiration.

• Forwards – A privately negotiated obligation to buy or sell an asset,

usually a foreign currency, at a specific price in future. The contract

size and expiration date can be customized for the portfolio’s

specific needs.

The basic purpose of entering into derivative contract is to hedge

your portfolio risk. In other words we can say portfolio manager

reduces the risk by using derivative contracts.

Special Review

How Derivative Protect Portfolio

Company A Company B

Fixed Rate: 6%

Floating Rate: MIBOR +1%

Company C(US Based)

Company D(European Based)

Principal: Dollars 6%

Principal: Sterling 5%

4

Fixed Income Update Equities Update

Debt: Liquid 1M 3M 6M

Institutional Activity ( Apr 01- Apr 30 ) (Rs cr)

Fund Performance Fund Performance

Equity : Large & Flexi Cap 3M 1Y 3Y

Forex / Call / Economic Indicators

Equity Purchase Sales Net InvDebt Purchase Sales Net Inv

Key Indices 30-Apr 31-Mar Chg. Key Indices 30-Apr 31-Mar %Chg. I Yr Ret

Other Indices 30-Apr 31-Mar %Chg. I Yr Ret

Portfolio as on Mar 31, 2016 & Return as on April 30, 2016

Crisil 10 Yr G-Sec Index 7.44 7.46 -0.02

Crisil 1 Yr T-Bill Index 6.88 7.06 -0.18

30-Apr 31-Mar

Rupee/$ 66.41 66.37

Call Rate 6.91 6.49

Total Forex (INR.bn) 23932.20 23636.70

Inflation -- 4.83%

FIIs 29,331.42 22,912.98 6418.44

Mutual Funds 125,405.40 89,899.10 35506.30

BSE Sensex 25606.62 25341.86 1.04% -5.93%

S&P CNX Nifty 7849.80 7738.40 1.44% -4.72%

BSE IT Index 11330.17 11387.95 -0.51% 7.93%

BSE Healthcare 15582.33 15149.25 2.86% -3.54%

BSE FMCG Index 7697.38 7692.32 0.07% -0.03%

BSE PSU Index 6268.16 6106.65 2.64% -17.48%

BSE Bankex 19114.83 18391.96 3.93% -8.89%

FIIs 89,277.87 80,862.14 8415.73

Mutual Funds 14,981.80 15,255.20 -273.40

Birla Sun Life Equity Fund 6.96 1.89 21.99

Birla Sun Life Frontline Equity Fund - Reg 4.62 0.01 16.86

Franklin India Bluechip 6.30 2.14 14.53

ICICI Prudential Value Discovery Fund 5.68 0.04 26.70

Reliance Top 200 Fund 1.45 -5.58 16.41

Debt: Ultra Short Term 1M 3M 6M Equity : Mid & Small Cap 3M 1Y 3Y

Birla Sun Life Savings Fund - Reg 12.38 10.29 8.73

HDFC F R I F - STF - WP 10.90 9.54 8.31

Reliance Money Manager Fund 11.29 9.53 8.09

UTI Floating Rate Fund - STP 11.70 9.80 8.26

UTI Treasury Advantage Fund - IP 11.13 9.43 8.35

Axis Liquid Fund 8.83 8.25 7.94

Birla Sun Life Cash Plus - Reg 9.67 8.52 8.07

ICICI Prudential Liquid - Reg 9.02 8.32 7.97

Reliance Liquid Fund - TP 9.06 8.32 7.97

SBI Magnum Insta Cash - Cash Plan 8.82 8.34 7.99

Birla Sun Life Mid Cap Fund - Plan A 2.96 3.53 24.62

Canara Robeco Emerging Equities 1.90 3.99 33.25

Franklin India Prima Fund 5.89 4.81 29.59

HDFC Mid-Cap Opportunities Fund 4.52 3.17 28.33

Sundaram Select Midcap - Reg 4.55 6.21 29.45

Debt: Short Term 1M 3M 6M Equity: Tax Planning 3M 1Y 3Y

Axis Short Term Fund 12.32 9.98 7.70

Birla Sun Life Short Term Fund - Reg 13.04 9.84 8.57

HDFC Short Term Opportunities Fund 12.19 9.54 7.88

IDFC SSIF - Short Term - Reg 11.39 9.17 7.51

Reliance Short Term Fund 12.66 9.64 7.77

Birla Sun Life Tax Relief 96 4.12 1.61 23.38

DSP BlackRock Tax Saver Fund 4.66 3.16 20.64

Franklin India Taxshield 6.04 2.90 21.82

HDFC Long Term Advantage Fund 7.31 -0.20 17.05

Reliance Tax Saver (ELSS) Fund 4.74 -6.57 24.01

Debt: Income/ Dynamic 1M 3M 6M Equity: Thematic 1M 3M 6M

Hybrid: Equity-oriented 1M 3M 6M

Hybrid: Debt-oriented 1M 3M 6M

Birla Sun Life dynamic Bond Fund - Ret 17.88 18.14 7.84

HDFC HIF - dynamic 17.12 17.94 7.22

ICICI Prudential LTP 17.53 20.46 8.16

Reliance Dynamic Bond Fund 17.69 14.35 6.84

UTI Dynamic Bond Fund - Reg 17.62 9.73 5.69

Debt: Accrual Funds 1M 3M 6M

DSP BlackRock Income Opportunities Fund - Reg 12.83 11.50 9.24

Franklin India Low Duration Fund 13.05 8.28 8.02

Franklin India Ultra Short Bond Fund - Retail 10.55 9.39 8.65

HDFC Short Term Plan 12.69 10.80 9.01

Kotak Income Opportunities Fund - Reg 11.19 10.27 8.86

Debt: Gilt 1M 3M 6M

HDFC Gilt Fund - L T P 19.08 21.17 8.13

ICICI Prudential Long Term Gilt Fund 20.37 22.48 7.62

Kotak Gilt Investment PF & Trust Plan 21.96 20.61 8.09

Reliance G Sec Fund 19.42 15.96 7.31

SBI Magnum Gilt LTP 14.51 11.26 5.67

Birla Sun Life MNC Fund 3.43 -0.37 31.46

Franklin Build India Fund 9.72 -1.30 29.26

Reliance Pharma Fund -5.05 2.27 24.66

UTI MNC Fund 3.59 0.14 26.04

UTI Transportation and Logistics Fund 7.20 2.77 40.64

Franklin India Balanced Fund - Growth 2.15 4.92 1.08

HDFC Prudence Fund - Growth 2.67 4.37 -2.52

ICICI Prudential Balanced - Growth 2.68 4.88 -0.28

Reliance RSF - Balanced - Growth 2.20 2.19 -0.73

SBI Magnum Balanced Fund - Growth 1.75 3.01 0.03

Birla Sun Life MIP II - Savings 5 - Reg - Growth 22.00 15.35 7.61

HDFC Multiple Yield Fund - Plan 2005 - Growth 18.33 10.17 5.93

ICICI Prudential Regular Income Fund - Growth 12.79 10.60 8.57

IDFC Monthly Income Plan - Reg - Growth 14.40 7.21 3.15

UTI - MIS - Advantage Fund - Growth 18.13 11.18 4.87

May 2016

*CA : Compound Annualized

Simple Annualized

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Absolute CA*

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This Month in Equity :

May 2016

Nifty10 Yr GOI Yield

• : The sovereign 10 Yr benchmark bond yields remained sticky betweenG-Sec Yield7.41% to 7.46% and ended the month down at 7.44%. Overall, the yield curve hasshifted downwards between Mar-Apr’2016 with long end (≥ 10 Yr) shifting down by~11 bps and shorter end (< 10 yr) shifting down by ~9 bps. This month the downwardshift in yields was homogenous across all maturities from 1Yr to 30Year.

• Yields across major advanced economies have remained nearly stable inGloballyApr’16 but UK observed a hardening of ~23 bps. Euro zone & Japan continue innegative interest rate territory. The Bank of Japan (BoJ) kept its pledge to increase themonetary base at an annual pace of about 80 trillion yen in its last monetary policymeet.Amongst major emerging economies, all but SouthAfrica observed a softeningin yields. South African central bank increased policy rates by 25 bps to 7% to curbinflation.

• growth numbers are still not reflecting the underlyingDomestic Credit & Depositimprovement in incremental credit deployment. Credit & deposit growth stood at10.40% & 10.10% respectively in April'16. On the other hand, Incremental CD ratiostood at 73.75% highlighting better deployment of credit. The impact of liquidityinfusion & new MCLR based lending should be visible in growth number with a lagof 2 or 3 quarters.

• continued to move towards positive territory and stood at -0.85% inWPI InflationMar'16 against -0.91% in Feb’16. Fuel prices still continue to drive inflationsouthward while primary articles prices are reporting inflationary trend. Coreinflation (ex food & energy) moved up from -1.40% to -0.40% in Mar’16 while noncore inflation deflated from -1.60% to -1.63% in Mar’16. Amongst majorsubcategories; Metals, sugarcane & Flowers were the highest positive contributorswhile Diesel, Electricity (Agri) & Minerals were major highest negative contributorsto inflation.

• eased in April 2016 with average daily LAF borrowing ~INRLiquidity conditions36 bn inApr’16 against ~INR 318 bn in Mar’16. InApril 2016, Reserve Bank of Indiaconducted one tranche of bond purchases through open market operations (INR 150bn) as compared to three tranches of OMOs being done in March 2016 (INR 414.09)bn. With RBI coming out with new framework on liquidity framework in lastmonetary policy meet, liquidity conditions may remain softens ahead.

• : In Apr'16, Net State Govt. borrowings stood at INR 92.70 bn (i.e.Fiscal Deficit17.63% up on y-o-y basis). Out of the total budgeted borrowings of INR 6 lakh cr inFY17; INR 3.55 lakh cr is intended to be borrowed in 1st half i.e. ~60% of total.Simultaneously, GOI plans to raise INR 56,500 Crores through disinvestments out ofwhich INR 36,000 Crores will be raised from minority stake sales and remaining INR20,500 Crores will be raised from strategic stake sales.

OutlookGoing forward, with the policy initiatives implemented by RBI in enhancing thebanking liquidity and easing policy transmission through MCLR based lending system –we expect that the long end of the yield curve should soften gradually leading to a normalupward sloping yield curve. With inflation hovering near RBI target zone along with thenew framework on liquidity management, we believe that sovereign bond yields willcontinue to remain in narrow range with downward bias in the near term. Further to this,Indian Metrological Department (IMD) prediction about monsoon (106% of LongPeriod Average) coupled with the new framework on liquidity management shouldmake policy makers to continue with monetary easing going ahead. This should resultinto a further downward shift in overall yield curve. Commercial banks would be underdual stress of NPA disclosures and shrinking margins from policy transmission.Accordingly, to protect margins in interim period - the transmission should take place ina very gradual fashion over the next two quarters with banks restructuring their depositbook simultaneously.

In light of the current scenario, we recommend investors to initiate long position induration funds (Gilt/ Dynamic) with tactical investment strategy. Simultaneously longterm investors should continue core allocation in Accrual/short term funds for yieldenhancement.

• ended in positive with Sensex and Nifty up by 1.33% and 1.77%April 2016

respectively. Markets went on an upswing led by strong Service PMI numbers,

IMD’s above average monsoon forecast, better than expected IIP numbers and

benign inflation numbers. Subsequently, a status quo by US FED’s and BOJ’s

continuance of negative interest rate regime led to a 1.6% downward rally and

closed Nifty at 7850. Among sectoral indices, Auto (3.27%), Capital goods

(1.39%), Oil & Gas (3.48%) and Realty (7.26%) ended in green.

• , Industrial production (IIP) grew by 2.00% in Feb'16Amongst domestic macros

after three months of consecutive decline on the back of a high base affect.

Accordingly, the base affect was expected to suppress Feb’16 numbers but a 2%

growth was above expectations led by of Mining (2.40%) and Electricity (5.10%).

Higher growth of consumer durables and basic goods were also some of the positive

numbers in sub-sectors which were encouraging and signalled an uptick in

manufacturing activity.

• , Core sector growth stood at 6.4% in Mar'16Amongst advanced indicators

against 5.71% in Feb'16 with a sharp uptick in Cement, Electricity, Fertilizers and

Refinery products. Accordingly, manufacturing PMI for Mar'16 stood at 52.4

against 51.1 in Feb’16 led by robust new business growth.

• turned net buyers inApril 2016 and poured in INRForeign Institutional Investors

8,415 Crores. In FY16, Domestic Institutional (DII) took a lead over Foreign

Institutional Investors (FII) and invested nearly 4 times to what FII have divested.

Foreign direct investment inflows stood at INR 1,910 bn during (April-December

2015) representing a growth of 50% as against the same period a year ago. Overseas

investors were overweight on Computer, Software and Hardware sector followed

by services sector.

• : India’s trade deficit for the period April-Mar'FY16 stood at US $Trade Deficit

118.45 bn which is lower than the deficit of US $ 137.69 bn during the same period a

year ago.Amongst principal trade commodities- Chemicals, Minerals & Petroleum

products saw imports volume declining at a higher pace than their exports. On the

other hand, Jewellery, Transport equipments, base Metals and Agri products saw a

decline in export volumes higher than imports – which is deterrent for the economy.

For ex - Gems & Jewelry (~15% weight in trade) imports were down by ~2.16% and

Exports were down by 5.57% during Apr-Feb’2016.

• , amongst advanced economies, US economy expanded by 0.5% (Q1-Globally

2016) lower than market expectations. It is the weakest performance since (Q1-

2014) when the economy contracted 0.9% as consumer spending slowed. Amongst

EMEs, Chinese economy expanded 1.1% (1Q-2016) slowing from 1.5% registered

in the previous month. It is the weakest figure since data collection began in 2010.

Outlook:Post Union Budget, Indian indices have rallied by ~14% which also coincides with the

rally in other Global markets. The rally in domestic indices was more fundamentally

led with valuations ticking at historical lows and macros reflecting a robust trajectory

ahead. Going forward, the Rainfall projection at 106% of LPAby IMD and its expected

impact on inflation trajectory may trigger RBI for another round of policy easing.

However, the concerns remain alive from the spatial distribution of monsoon, and

Inflation over metals & protein items. Going forward, we expect IIP growth numbers

for Mar’16 to be robust on account seasonal factors validated on historical data basis.

Internationally, US FED maintaining its stance adds support to market sentiments

while China’s grows fears could be a cause of concern.

Returns for Apr'16 Nifty Dow FTSE 100 Hang Seng Kospi Nasdaq Nikkei Sensex

TTM -6.92% -1.38% -10.10% -25.11% -6.24% -4.59% -14.08% -5.20%

March' 16 1.77% -0.10% 1.55% 2.77% 1.04% -2.83% 3.14% 1.33%

6

Mutual Fund Performance Update

Equity : Diversified Fund

Equity : Mid & Small Cap Fund

as onMar 2016

Auto Energy Fin. IT Pharma Services Others Corpus Absolute Compound Annualized

Services (Cr.) 3M 6M 1Y 3Y


Axis Equity Fund 10.03 6.07 36.52 14.92 6.86 4.87 20.73 1952.10 3.87 -1.22 0.37 13.88

Axis Focused 25 Fund 13.52 0.00 29.42 12.29 6.55 2.41 35.81 359.26 4.21 -1.09 1.94 13.56

Birla Sun Life Advantage Fund 15.46 6.49 30.99 6.99 10.31 0.82 28.94 1028.15 4.88 0.37 3.17 24.32

Birla Sun Life Equity Fund 9.13 4.56 29.27 7.48 14.87 1.45 33.24 2297.96 6.96 -0.55 1.89 21.99

Birla Sun Life Long Term Advantage 0.00 0.00 0.00 0.00 0.00 0.00 100.00 265.43 0.00 0.00 0.00 0.00

BNP Paribas Equity Fund 6.02 2.88 33.89 9.70 5.00 5.20 37.31 1280.78 6.73 -0.95 0.56 18.53

Canara Robeco Equity Diversified 10.61 13.64 22.67 10.33 5.41 5.14 32.20 703.50 0.81 -6.64 -6.77 12.35

DSP BlackRock Equity Fund 12.46 13.00 24.23 8.16 7.18 2.96 32.01 2303.87 3.04 -3.35 -2.25 16.23

DSP BlackRock Focus 25 Fund 21.16 10.17 26.98 6.79 10.29 7.01 17.60 1317.97 6.83 -2.07 1.06 18.21

Franklin India Flexi Cap Fund 13.50 5.65 27.87 13.20 8.85 2.45 28.48 2763.33 5.51 -1.53 0.68 21.70

Franklin India High Growth Companies 17.67 0.00 36.19 6.93 2.11 1.32 35.78 4154.60 6.86 -2.57 -3.23 26.12

Franklin India Prima Plus 11.60 2.77 28.16 10.93 8.04 2.68 35.82 7021.08 6.30 0.30 3.32 22.07

Goldman Sachs India Equity Fund 6.43 1.48 25.87 10.63 7.48 4.44 43.67 60.48 1.84 -3.96 -1.35 21.11

HDFC Capital Builder Fund 6.16 11.23 22.77 9.63 6.82 2.37 41.02 1135.92 4.33 -1.33 0.74 20.07

HDFC Equity Fund 13.13 9.92 30.90 14.79 4.65 0.00 26.61 14375.10 5.62 -4.89 -6.80 14.98

HDFC Top 200 8.90 12.32 34.06 13.56 4.33 0.00 26.83 11717.10 6.19 -3.31 -5.07 12.82

HSBC India Opportunities Fund 8.71 5.04 33.03 16.10 8.37 0.00 28.75 464.85 6.61 1.62 -1.85 20.47

ICICI Prudential Top 100 Fund 5.71 20.23 18.06 10.52 12.69 6.77 26.02 1298.01 2.57 -0.06 -2.13 14.95

ICICI Prudential Multicap Fund 6.87 5.96 30.49 5.83 12.44 10.19 28.22 1042.61 5.60 -2.71 1.38 19.30

Kotak Select Focus Fund 10.88 12.86 24.60 8.76 4.66 1.83 36.41 4219.49 4.50 -2.13 1.86 20.89

L&T Equity Fund 11.09 8.47 22.50 10.74 7.28 3.45 36.47 2783.22 2.16 -3.36 -4.06 16.87

Mirae Asset India Opportunities Fund 11.84 9.69 28.82 10.85 7.40 3.58 27.82 1645.51 4.44 -1.08 1.24 20.48

Motilal Oswal MOSt Focused 25 Fund 12.23 3.18 30.96 17.07 2.44 12.49 21.63 378.85 3.69 -3.50 -2.20 0.00

Motilal Oswal MOSt Focused 25 Fund 12.23 3.18 30.96 17.07 2.44 12.49 21.63 378.85 3.69 -3.50 -2.20 0.00

Principal Growth Fund 10.35 7.31 22.62 10.52 6.44 5.48 37.28 347.52 4.10 -3.28 -0.63 18.74

Reliance Equity Opportunities Fund 3.53 1.03 24.64 8.74 10.62 6.35 45.09 10406.00 -1.00 -9.08 -6.94 16.83

Reliance Growth 1.84 2.90 30.21 8.85 9.43 4.83 41.94 4892.57 0.84 -5.09 -3.51 18.45

Reliance RSF - Equity 7.27 2.62 18.40 11.90 6.51 6.80 46.50 2598.00 0.38 -7.51 -1.64 17.35

Reliance Vision 18.42 2.77 28.60 14.99 1.68 0.00 33.54 3057.70 6.09 -2.18 -4.63 17.17

Religare Invesco Growth Fund 12.00 8.94 29.42 18.17 2.97 0.00 28.50 127.31 2.86 -2.85 -1.63 17.65

SBI Magnum Equity Fund 6.45 8.63 33.97 16.31 6.03 6.39 22.22 1433.72 4.74 -0.51 1.60 15.46

SBI Magnum Global Fund 94 7.12 0.00 15.75 2.11 2.94 8.26 63.82 2549.54 4.75 -2.58 0.60 25.40

SBI Magnum Multi Cap Fund 8.87 9.17 23.53 10.90 7.46 3.21 36.86 683.87 4.46 1.18 4.33 21.99

SBI Magnum Multiplier Fund 8.10 13.91 20.30 8.86 8.04 2.14 38.65 1484.70 1.60 -1.77 1.36 21.59

Tata Equity Opportunities Fund 12.38 7.53 20.38 7.88 10.04 4.91 36.88 1131.04 2.54 -2.07 1.28 18.63

Tata Ethical Fund 16.13 2.13 0.00 17.17 10.80 1.28 52.49 434.84 2.69 -4.67 1.07 20.27

Union KBC Equity Fund 16.07 2.02 26.94 15.24 7.53 0.00 32.20 144.66 2.88 -4.76 -9.72 9.94

UTI Equity Fund 13.04 2.56 28.72 14.55 13.60 0.00 27.53 4704.90 4.14 -2.42 -0.64 16.73

UTI Mastershare 9.42 9.64 25.76 14.26 7.08 1.86 31.98 3008.94 4.90 -2.26 -3.10 14.56

UTI Opportunities Fund 14.75 7.88 27.92 14.99 6.30 1.41 26.75 4728.03 4.57 -3.97 -7.01 12.30

Axis Midcap Fund 7.49 7.05 27.53 6.39 7.64 3.03 40.87 1138.26 1.30 -4.93 -2.39 23.91

BNP Paribas Mid Cap Fund 2.79 3.83 20.44 2.89 9.67 10.00 50.38 510.96 5.27 -1.44 6.06 28.30

Canara Robeco Emerging Equities 7.03 8.91 15.49 3.17 6.71 6.23 52.46 929.26 1.90 -3.62 3.99 33.25

DSP BlackRock Micro Cap Fund 5.61 1.57 9.19 6.20 5.53 0.13 71.77 2351.75 5.10 1.76 9.59 40.57

Franklin India Prima Fund 10.72 6.48 25.75 6.73 5.48 3.51 41.33 3705.22 5.89 1.46 4.81 29.59

HDFC Mid-Cap Opportunities Fund 8.13 4.44 20.66 7.39 9.32 2.18 47.88 10294.66 4.52 -0.48 3.17 28.33

ICICI Prudential MidCap Fund 6.63 9.79 24.92 5.75 2.31 2.00 48.60 1126.08 4.05 -3.05 -1.85 28.94

IDFC Premier Equity Fund 8.79 4.05 10.37 0.54 5.03 15.70 55.52 5804.69 3.56 -0.81 -1.42 23.15

JPMorgan India Mid & Small Cap Fund 11.19 3.22 16.60 3.76 4.36 3.54 57.33 592.76 2.29 -4.03 0.51 29.56

Mirae Asset Emerging Bluechip Fund 10.44 8.74 20.78 7.00 11.25 5.06 36.73 1320.71 4.05 0.12 8.17 32.93

Principal Emerging Bluechip Fund 13.31 9.34 14.94 4.20 9.81 4.45 43.95 491.98 5.17 -0.86 1.51 27.67

Reliance Mid & Small Cap Fund 4.34 4.69 18.54 3.74 7.31 10.75 50.63 1974.93 -0.05 -5.11 -1.78 27.36

Reliance Small Cap Fund 2.95 2.34 18.61 9.37 5.51 2.76 58.46 1871.50 0.36 -4.06 8.35 38.58

SBI Magnum Midcap Fund 1.99 3.15 14.63 5.85 11.70 5.30 57.38 1613.79 5.13 2.66 9.22 34.35

Sundaram Select Midcap 11.32 5.69 18.02 3.72 1.92 2.49 56.84 3272.16 4.55 -0.39 6.21 29.45

UTI Mid Cap Fund 13.80 5.79 15.42 2.94 4.38 0.89 56.78 3117.12 4.71 -1.57 2.05 33.73

Return(%)

May 2016

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May 2016

Equity : Large Cap Funds

Birla Sun Life Frontline Equity Fund 7.04 11.04 27.80 12.05 7.64 0.00 34.43 10684.19 4.62 -0.91 0.01 16.86

Birla Sun Life Top 100 Fund 7.05 13.31 25.75 14.32 7.59 0.00 31.98 1821.90 4.08 -2.04 -0.22 18.11

DSP BlackRock Top 100 Equity Fund 18.44 15.22 27.83 9.99 8.79 3.02 16.71 3246.68 5.06 -1.30 -2.29 11.91

Franklin India Bluechip 10.29 8.57 29.28 16.40 7.10 0.70 27.66 6834.68 6.30 -0.52 2.14 14.53

ICICI Prudential Focused Bluechip Equity 7.96 9.70 36.07 15.12 7.94 0.97 22.24 9964.89 4.61 -1.29 -0.80 15.56

ICICI Prudential Select Large Cap 7.69 11.85 30.84 10.64 5.27 0.00 33.71 551.53 6.78 -0.46 -3.74 13.76

IDBI India Top 100 Equity Fund 21.16 5.67 22.86 5.60 8.59 1.20 34.92 337.34 4.52 -2.44 -2.22 15.42

Reliance Focused Large Cap Fund 8.48 8.79 27.18 13.45 6.71 3.84 31.55 967.08 1.64 -8.70 -5.12 14.22

Reliance Top 200 Fund 12.77 12.51 26.20 9.98 2.89 3.36 32.29 2049.65 1.45 -5.55 -5.58 16.41

SBI Bluechip Fund 9.34 7.79 22.02 9.10 10.75 0.96 40.04 5124.42 3.94 0.87 3.43 19.44

Tata Large Cap Fund 10.40 11.00 23.87 12.36 8.43 3.01 30.93 762.41 3.91 -2.18 -0.67 13.99

UTI Mastershare Fund 9.42 9.64 25.76 14.26 7.08 1.86 31.98 3008.94 4.90 -2.26 -3.10 14.56

Equity : Index Funds

Birla Sun Life Index Fund 9.38 9.57 31.04 14.59 6.31 0.68 28.43 276.22 4.07 -2.49 -3.82 10.15

Franklin India Index Fund - NSE Nifty Plan 9.41 11.43 28.73 17.05 6.70 0.77 25.91 213.44 3.83 -2.83 -3.55 10.16

Goldman Sachs CNX 500 Fund 9.39 10.47 25.44 13.32 7.58 1.85 31.95 58.31 3.78 -2.89 -2.74 11.98

HDFC Index Fund - Nifty Plan 10.78 11.48 29.13 17.21 7.49 0.83 23.08 174.18 3.87 -2.65 -3.25 10.77

HDFC Index Fund - Sensex Plan 10.81 11.14 28.71 17.83 8.25 0.97 22.29 89.02 3.24 -3.60 -3.86 10.63

HDFC Index Fund - Sensex Plus Plan 9.52 12.57 26.89 15.69 7.29 0.86 27.18 116.56 3.84 -3.26 -4.87 10.69

ICICI Prudential Index Fund 9.09 11.29 27.79 16.52 6.36 0.76 28.19 197.51 4.01 -2.63 -3.47 10.83

ICICI Prudential Nifty Junior Index Fund 12.18 9.37 20.90 1.42 9.48 1.68 44.97 25.12 5.05 -1.88 0.55 16.90

IDBI Nifty Index Fund 9.77 11.74 29.66 17.75 6.87 0.82 23.39 111.72 3.54 -3.32 -4.39 9.57

IDBI Nifty Junior Index Fund 12.35 9.48 21.15 1.41 9.60 1.94 44.07 31.53 4.82 -2.45 0.11 16.19

IDFC Nifty Fund - Reg 9.35 11.64 28.59 16.99 6.54 0.78 26.11 67.83 3.97 -2.45 -3.24 10.70

Reliance Index Fund - Nifty Plan 10.76 11.40 28.61 17.13 7.30 0.79 24.01 73.57 3.81 -2.92 -3.99 10.10

SBI Nifty Index Fund 10.51 11.12 28.82 16.68 7.17 0.77 24.93 206.54 3.82 -2.87 -4.02 9.48

UTI Nifty Fund 10.37 11.86 29.80 17.81 7.59 0.82 21.75 366.43 3.92 -2.52 -3.23 10.44

Auto Energy Fin IT Pharma Services Others Corpus Absolute Compound Annualized


Equity : Tax Saving Fundsas on

Mar 2016

Axis Long Term Equity Fund 13.22 2.31 33.49 10.24 10.64 1.36 28.74 7817.96 0.79 -3.85 -0.90 26.10

Birla Sun Life Tax Plan 16.02 2.91 22.59 6.06 8.24 5.47 38.71 323.96 4.07 0.22 1.19 22.46

Birla Sun Life Tax Relief 96 16.40 3.00 23.36 6.27 8.44 5.66 36.87 2038.64 4.12 0.28 1.61 23.38

BNP Paribas Long Term Equity Fund 6.25 2.40 28.83 8.83 5.34 7.50 40.85 425.70 5.65 -1.34 1.59 21.08

Canara Robeco Equity Taxsaver 8.23 14.15 24.02 6.93 5.81 5.06 35.80 783.95 2.85 -3.04 -2.78 15.15

DSP BlackRock Tax Saver Fund 12.82 12.91 26.68 6.93 10.16 1.00 29.50 1142.62 4.66 0.56 3.16 20.64

Franklin India Taxshield 11.29 2.63 27.52 9.98 8.12 2.51 37.95 1980.64 6.04 0.01 2.90 21.82

HDFC Long Term Advantage Fund 11.11 11.78 25.33 13.90 1.75 2.13 34.00 1079.01 7.31 1.50 -0.20 17.05

HDFC Taxsaver 9.01 10.09 27.02 11.55 3.38 0.31 38.64 4542.62 4.75 -4.60 -7.22 15.99

ICICI Prudential LT Equity (Tax Saving) 3.40 1.48 26.17 5.32 18.08 10.97 34.58 2878.60 1.51 -2.25 0.33 20.75

IDBI Equity Advantage Fund - Reg 23.90 2.85 19.95 0.00 2.96 3.61 46.73 441.78 3.75 -4.69 -0.46 0.00

L&T Tax Advantage Fund 6.24 5.88 19.88 11.27 6.09 2.78 47.86 1472.62 4.54 -1.53 0.29 17.00

Reliance Tax Saver (ELSS) Fund 16.10 1.96 21.12 1.59 2.88 6.39 49.96 4646.34 4.74 -1.55 -6.57 24.01

Religare Invesco Tax Plan 13.86 12.51 27.93 16.13 3.90 1.64 24.03 273.08 2.56 -2.51 0.32 21.22

SBI Magnum Tax Gain Scheme 93 9.50 12.05 25.26 11.88 7.00 6.38 27.93 4360.59 4.12 -4.20 -2.36 18.11

Return(%)

Compound Annualized

Equity : Dividend Yield Funds

Birla Sun Life Dividend Yield Plus 4.91 9.96 24.51 12.17 7.41 2.67 38.37 1019.42 1.73 -5.81 -5.38 13.37

BNP Paribas Dividend Yield Fund 2.07 4.31 24.03 8.05 5.12 4.15 52.27 185.09 6.36 -1.60 0.85 19.71

Principal Dividend Yield Fund 19.54 17.44 16.71 7.10 2.04 1.60 35.57 101.05 3.61 -3.69 -3.45 10.97

Tata Dividend Yield Fund - Reg 7.68 4.40 22.66 23.34 9.18 0.00 32.74 284.50 2.78 -2.43 -1.11 16.93

UTI Dividend Yield Fund 3.97 12.65 23.81 19.54 3.95 4.20 31.88 2596.38 4.97 -2.08 -3.30 11.07

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Equity : Balanced Fundsas on

Mar 2016Return(%)

Auto Energy Fin IT Pharma Services Others Corpus Absolute Compound Annualized



Birla Sun Life Balanced 95 6.09 9.23 22.06 6.69 6.17 0.61 49.15 2530.87 3.80 0.79 3.17 17.79

Canara Robeco Balance 4.32 10.32 26.02 3.93 2.11 3.00 50.30 472.70 2.61 -2.47 0.85 16.89

DSP BlackRock Balanced Fund 8.78 13.25 27.77 5.09 9.83 1.55 33.73 1021.95 4.17 -0.67 3.38 16.43

HDFC Balanced Fund 5.57 8.70 20.68 8.97 4.68 2.11 49.29 5282.23 4.72 -0.13 2.29 20.62

HDFC Prudence Fund 7.79 5.05 22.84 9.08 2.76 1.17 51.31 7772.71 4.37 -2.52 -1.73 16.68

ICICI Prudential Balanced 6.73 18.91 28.96 7.71 9.53 2.81 25.35 2643.29 4.88 -0.28 2.33 18.24

ICICI Prudential Balanced Advantage 5.41 6.28 25.86 10.56 5.81 1.87 44.21 11020.59 3.40 -0.12 4.63 15.18

Reliance RSF - Balanced 14.22 10.91 32.22 6.42 4.32 1.05 30.86 2129.82 2.19 -0.73 2.74 17.43

SBI Magnum Balanced Fund 5.13 3.95 25.61 14.16 0.86 13.88 36.41 4058.84 3.01 0.03 2.17 19.72

Tata Balanced Fund - Reg 5.29 4.95 24.55 7.30 8.65 2.98 46.28 5593.46 2.27 -1.62 0.27 19.78

UTI Balanced Fund 7.29 13.88 23.84 10.35 5.06 5.11 34.47 1311.71 3.88 -1.26 1.05 13.32


May 2016

Equity : ETF FundsGS Bank BeES 0.00 0.00 99.96 0.00 0.00 0.00 0.04 591.78 8.04 -3.51 -7.92 10.98

GS Hang Seng BeES 0.00 11.52 43.40 0.63 0.00 2.59 41.86 5.36 5.33 -5.41 -19.66 7.22

GS Nifty BeES 10.83 11.48 28.81 17.25 7.35 0.80 23.48 965.43 3.96 -2.58 -3.13 10.95

ICICI Prudential CNX 100 ETF 9.93 11.40 27.72 14.69 7.10 0.94 28.22 25.24 4.13 -2.33 -2.29 0.00

ICICI Prudential Nifty ETF 9.62 11.98 29.52 17.53 6.75 0.81 23.79 516.30 6.85 0.29 -0.21 11.99

Kotak Nifty ETF 10.85 11.50 28.86 17.28 7.36 0.80 23.35 304.99 4.06 -2.39 -2.78 11.10

MOSt Shares M100 7.01 10.63 15.40 6.63 11.05 4.88 44.40 36.05 6.11 -0.14 4.58 19.98

MOSt Shares NASDAQ 100 1.47 0.00 0.63 50.57 13.91 3.57 29.85 77.27 1.63 -4.85 1.96 23.03

R*Shares Banking ETF 0.00 0.00 99.99 0.00 0.00 0.00 0.01 307.96 8.13 -3.35 -7.67 11.43

R*Shares CNX 100 ETF 9.87 11.19 26.82 14.64 7.51 0.97 29.00 6.29 4.02 -2.57 -2.86 11.54

R*Shares Nifty ETF 10.78 11.43 28.67 17.17 7.31 0.79 23.85 26.90 4.10 -2.32 -2.61 0.00

SBI ETF Sensex 10.83 11.14 28.88 17.83 8.26 0.98 22.08 1803.58 3.28 -3.63 -3.85 11.16

Equity : Arbitrage FundsBirla Sun Life Enhanced Arbitrage 9.33 11.05 48.68 0.74 7.40 2.68 20.12 942.99 1.55 2.79 6.53 7.90

DHFL Pramerica Equity Income Fund 1.64 -0.05 18.09 4.91 -0.02 9.31 66.12 37.95 2.29 2.55 7.05 10.39

HDFC Arbitrage Fund - Ret 6.74 7.85 53.74 1.38 8.87 6.85 14.57 1811.98 1.45 2.90 6.69 7.49

ICICI Prudential Blended - Option A 5.98 16.85 41.92 2.29 1.44 5.47 26.05 325.38 0.00 0.00 0.00 0.00

ICICI Prudential Equity - Arbitrage 3.71 15.17 37.45 8.17 7.16 1.62 26.72 3102.38 1.58 3.06 6.62 8.14

IDFC Arbitrage Fund - Reg -0.04 -0.04 16.52 -0.01 -0.04 -0.02 83.63 2497.21 1.42 2.86 6.43 7.96

IDFC Arbitrage Plus Fund - Reg -0.02 -0.03 26.21 -0.03 -0.04 0.00 73.91 515.79 1.49 2.62 6.02 7.46

JM Arbitrage Advantage Fund - Reg 1.26 10.81 57.68 0.92 2.38 3.62 23.33 1845.91 1.53 2.90 6.45 7.86

Kotak Equity Arbitrage Fund - Reg 7.26 9.32 41.18 3.43 4.64 4.47 29.70 3939.02 1.57 3.00 6.70 8.11

Reliance Arbitrage Advantage 6.16 9.98 45.21 3.20 7.22 5.15 23.08 3041.00 1.45 2.83 6.61 8.07

Religare Invesco Arbitrage 0.00 -0.06 17.80 0.00 0.00 -0.02 82.28 476.17 1.51 2.92 6.66 7.58

SBI Arbitrage Opportunities 6.92 17.69 45.43 2.03 12.88 0.45 14.60 1207.87 1.41 2.75 6.07 7.85

UTI Spread Fund - Growth 9.23 9.04 46.86 1.80 3.78 4.35 24.94 586.56 1.44 2.85 6.55 7.55

Birla Sun Life India GenNext 11.79 0.00 30.29 0.00 9.77 1.94 46.21 358.85 5.66 0.09 4.24 19.23

Birla Sun Life MNC Fund 17.87 0.17 15.26 0.55 13.65 7.27 45.23 3100.65 3.43 -2.61 -0.37 31.46

Franklin Build India Fund 16.79 3.54 36.73 0.00 1.30 1.44 40.20 544.59 9.72 0.38 -1.30 29.26

ICICI Pru Exports & other Services Fund 7.01 0.00 1.12 32.72 34.53 5.87 18.75 781.11 -4.53 -8.38 2.63 32.06

L&T India Special Situations Fund 5.63 6.64 21.40 15.56 5.14 3.97 41.66 924.07 2.66 -3.69 -2.82 17.06

Reliance Pharma Fund 0.00 0.00 1.41 0.00 97.89 0.00 0.70 1408.45 -5.05 -14.79 2.27 24.66

SBI Pharma Fund 0.00 0.00 0.00 0.00 89.07 0.00 10.93 948.58 -4.97 -10.92 2.82 29.17

UTI MNC Fund 17.60 1.24 2.95 5.53 7.43 1.50 63.75 1862.88 3.59 -5.49 0.14 26.04

UTI Transportation & Logistics Fund 69.17 0.52 1.64 0.00 0.00 13.34 15.33 646.98 7.20 -1.14 2.77 40.64

Equity : Thematic FundsS

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Debt : MIP Fundsas on

Mar 2016Return(%)

AAA & AA & AA+ Sov. A & A+ Others Cash Equity Corpus Avg. Exp. Simple Annualized CA*

A1 Plus & A1 & A- (Cr.) Maturity 1M 3M 6M 1Y


Axis Income Saver Fund 56.70 15.81 0.00 2.21 24.34 0.94 18.96 618.93 1.10 2.15 13.65 7.54 3.29 5.70

Birla Sun Life MIP II - Savings 5 14.92 1.30 60.44 8.47 9.98 4.89 9.98 241.49 6.88 1.42 22.00 15.35 7.61 8.12

Birla Sun Life MIP II - Wealth 25 0.50 0.87 62.08 3.10 28.57 4.88 28.19 1039.30 7.98 2.16 32.72 18.01 5.22 5.90

Birla Sun Life Monthly Income 15.44 0.00 49.60 12.78 14.84 7.34 14.84 251.37 5.86 2.56 22.44 13.17 6.36 7.09

BNP Paribas MIP 22.29 5.52 36.82 0.00 29.84 5.53 19.77 182.18 4.92 2.70 20.86 15.95 5.49 5.21

Canara Robeco Monthly Income Plan 24.65 4.38 35.36 0.00 27.44 8.17 24.18 296.80 5.69 2.17 14.70 8.77 -0.33 2.97

DSP BlackRock MIP Fund 23.10 13.42 35.22 0.00 24.58 3.68 24.59 385.18 4.38 2.52 20.65 9.22 2.28 4.62

Franklin India MIP 10.54 6.16 50.06 0.00 30.07 3.17 20.94 415.37 6.84 2.26 18.37 15.50 5.74 6.15

HDFC MIP - LTP 8.53 5.45 45.71 2.95 34.72 2.64 24.65 3583.50 6.87 2.01 22.77 15.73 2.98 4.63

HDFC MIP - STP 26.23 4.39 34.40 6.66 25.20 3.12 17.84 274.24 3.96 2.49 16.86 12.50 4.16 3.66

HDFC Multiple Yield Fund - Plan 2005 44.36 17.38 0.00 0.00 34.23 4.03 19.08 171.33 0.45 1.94 18.33 10.17 5.93 5.83

HSBC MIP - Savings Plan 23.79 1.65 47.21 0.00 25.00 2.35 24.99 213.78 4.96 2.31 14.49 10.58 2.16 3.94

ICICI Prudential MIP - Cumulative 10.79 15.41 40.75 2.65 27.36 3.04 13.71 334.65 5.94 1.52 13.33 8.20 2.05 4.24

ICICI Prudential MIP 25 5.64 3.46 58.73 0.76 29.00 2.41 23.15 1176.77 6.63 1.44 23.11 10.89 2.89 5.26

IDFC Monthly Income Plan 13.03 2.65 44.17 0.00 38.49 1.66 23.42 259.02 2.66 1.36 14.40 7.21 3.15 4.71

Kotak Monthly Income Plan 0.08 0.00 65.94 0.00 29.54 4.44 20.28 122.18 5.96 2.41 24.49 16.80 6.14 6.89

Reliance MIP 13.28 11.01 28.15 12.53 31.94 3.09 20.05 2525.01 5.00 1.82 16.69 11.43 3.20 4.33

SBI Magnum MIP 5.28 6.87 52.67 18.86 15.47 0.85 14.12 372.98 3.02 2.27 19.42 12.37 6.82 7.71

UTI - MIS - Advantage Fund - Growth 23.18 4.91 37.47 0.00 28.73 5.71 25.13 667.74 0.00 2.20 18.13 11.18 4.87 6.56

UTI Monthly Income Scheme 33.49 5.66 30.06 0.00 24.49 6.30 14.72 270.86 0.00 2.31 16.40 10.81 4.69 5.63

May 2016


Return(%)Debt: Short-term Fundsas on

Mar 2016

Birla Sun Life Medium Term 13.37 15.71 26.64 22.09 18.97 3.22 5362.41 3.15 1.68 4.16 14.62 12.14 8.82 9.82

Birla Sun Life Short Term Fund 56.50 6.46 31.95 0.00 3.42 1.67 8806.20 1.99 0.32 6.01 13.04 9.84 8.57 9.02

Birla Sun Life Treasury Optimizer Plan 34.96 12.02 51.69 0.00 0.00 1.33 4629.69 3.92 0.60 7.59 15.31 12.27 8.98 9.17

DSP BlackRock Income Opportunities 42.81 18.76 0.00 30.96 5.87 1.60 2474.95 2.24 1.72 2.51 12.83 11.50 9.24 9.62

Franklin India STIP 10.42 4.52 0.00 55.81 27.81 1.44 8430.15 1.72 1.56 5.60 15.13 2.08 3.81 6.56

HDFC HIF - S T P 27.11 19.52 32.91 3.45 13.86 3.15 1471.77 3.36 1.05 4.40 13.51 11.26 7.78 8.07

HDFC Short Term Opportunities 70.17 16.49 10.49 0.00 0.00 2.85 5911.77 1.40 0.33 1.47 12.19 9.54 7.88 8.59

HDFC Short Term Plan 15.61 14.53 1.06 38.64 26.01 4.15 2503.37 1.54 1.07 1.99 12.69 10.80 9.01 9.63

ICICI Pru Banking & PSU Debt 52.95 0.00 38.10 0.00 0.00 8.95 3117.32 3.41 0.57 6.35 16.52 12.76 8.93 9.49

ICICI Pru STP 40.97 13.80 43.02 0.00 3.82 -1.61 5185.43 3.50 1.15 3.96 14.30 10.87 8.05 8.77

IDFC SSIF - MTP 83.80 2.41 12.79 0.00 4.30 -3.30 3651.98 1.94 1.24 3.09 12.07 8.74 7.19 7.92

IDFC SSIF - Short Term 86.09 10.11 0.00 0.00 0.55 3.25 4017.21 1.80 1.26 1.55 11.39 9.17 7.51 8.32

Reliance Medium Term Fund 48.17 31.95 0.00 4.06 13.76 2.06 4522.33 0.88 0.65 3.12 11.87 9.55 7.99 8.68

Reliance Short Term Fund 59.88 15.17 20.84 0.00 2.80 1.31 8921.95 2.21 1.04 2.80 12.66 9.64 7.77 8.35

SBI Short Term Debt Fund 61.61 16.38 18.66 0.00 0.63 2.72 3611.72 2.32 0.80 2.69 12.31 9.82 7.96 8.40

Tata Short Term Bond Fund 72.85 5.39 17.63 0.00 0.00 4.13 4591.39 0.00 1.08 2.45 11.63 9.02 7.40 8.19

Taurus Short Term Income Fund 63.38 0.00 0.86 0.00 0.00 35.76 115.63 0.07 1.00 8.31 8.66 8.33 8.27 8.62

UTI Short Term Income Fund - Ret 72.82 10.37 9.17 0.00 0.24 7.40 5724.93 1.07 1.01 4.20 10.53 7.88 6.73 7.93

AAA & A1 AA & Sov. A & A+ Others Cash Corpus Avg. Exp. Simple Annualized CA*

Plus AA+ &A1 &A- (Cr.) Maturity 7D 1M 3M 6M 1Y

Debt: Income Funds

Birla Sun Life Income Plus 1.78 0.00 96.13 0.00 -0.01 2.10 3704.17 8.49 1.86 11.77 19.24 18.74 6.09 6.34

DHFL Pramerica Banking PSU Debt 97.65 0.00 15.10 0.00 -0.01 -12.74 1145.03 2.58 0.77 3.61 13.02 10.19 7.88 8.46

DHFL Pramerica MT Income Fund 64.64 0.00 33.96 0.00 0.01 1.39 694.52 4.71 1.03 6.44 14.56 12.12 8.13 8.81

DSP BlackRock Strategic Bond Fund 18.52 0.71 77.40 0.00 0.00 3.37 2937.79 6.28 1.08 12.39 15.41 11.17 7.17 7.52

DSP BlackRock Strategic Bond Fund 18.52 0.71 77.40 0.00 0.00 3.37 2937.79 6.28 1.08 12.39 15.41 11.17 7.17 7.52

HDFC Corporate Debt Opportunities 24.44 8.99 0.00 42.44 19.54 4.59 6434.03 2.41 1.85 2.15 13.62 11.43 9.13 9.51

ICICI Prudential Income Opportunities 95.52 0.00 0.00 0.00 0.00 4.48 3141.14 4.32 0.89 5.27 15.44 11.60 7.03 8.36

ICICI Prudential LTP 12.04 0.00 79.29 0.00 0.00 8.67 781.28 7.31 1.21 0.95 17.53 20.46 8.16 8.17

IDFC D B F (Re-Launched) 31.97 0.00 65.96 0.00 0.01 2.06 6201.69 2.95 1.06 4.97 12.18 8.32 4.84 6.21

IDFC SSIF - Invt Plan 32.52 0.00 65.28 0.00 -0.01 2.21 2238.07 2.97 1.50 4.67 11.78 7.97 4.54 5.99

Reliance Corporate Bond Fund 19.19 21.85 0.00 9.16 46.10 3.70 1298.80 2.88 1.67 5.93 13.04 10.61 8.65 8.88 Sourc

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10


Debt: Ultra Short-term Funds

Debt: Liquid Funds

as onMar 2016

Return %

AAA & AA & AA+ Sov. A & A+ Others Cash Corpus Modified Exp. Simple Annualized CA*

A1 Plus & A1 & A- (Cr.) Duration 7D 1M 3M 6M 1Y


Axis Treasury Advantage Fund - Growth 82.36 10.35 0.00 3.31 11.07 -7.09 1364.12 0.50 0.71 5.91 10.83 9.07 8.08 8.54

Baroda Pioneer Treasury Advantage A 31.76 49.14 0.00 11.86 6.75 0.49 1048.46 0.93 0.80 5.08 12.38 10.31 8.71 9.11

Birla Sun Life Cash Manager 57.36 31.68 5.76 3.65 2.51 -0.96 5789.32 1.03 1.29 3.47 11.18 9.38 7.87 8.16

Birla Sun Life Floating Rate LTP 44.14 18.34 35.64 0.00 0.00 1.88 1200.39 1.03 0.35 5.75 14.34 10.52 8.73 9.01

Birla Sun Life Savings Fund 76.43 12.60 18.36 6.27 3.85 -17.51 10201.77 1.32 0.74 4.68 12.38 10.29 8.73 9.01

DHFL Pramerica Low Duration Fund 35.02 8.31 0.00 41.39 15.56 -0.28 619.52 0.57 1.21 6.27 10.43 9.77 8.93 9.27

DHFL Pramerica Ultra Short-Term Fund 84.96 10.70 0.00 0.00 14.41 -10.07 1411.05 0.49 0.57 5.54 10.63 9.08 8.39 8.77

DSP BlackRock Money Manager 70.27 25.66 3.73 0.00 0.00 0.34 1867.53 0.42 0.98 5.42 9.47 8.16 7.14 7.67

Franklin India Low Duration Fund 21.93 0.56 0.00 56.56 29.94 -8.99 1619.65 1.04 0.78 6.46 13.05 8.28 8.02 9.23

Franklin India Ultra Short Bond Retail 36.15 15.12 0.00 29.56 24.46 -5.29 4167.12 0.49 0.86 6.31 10.55 9.39 8.65 9.02

HDFC Cash Mgmt - Treasury Advantage 52.13 30.88 7.90 1.63 9.24 -1.78 7731.99 1.08 1.33 3.61 10.88 8.89 7.45 7.72

HDFC F R I F - STF - Growth 73.40 17.79 3.43 1.59 2.23 1.56 9391.85 0.78 0.29 4.72 10.70 9.33 8.10 8.53

ICICI Prudential FIP Reg - Growth 73.70 14.93 4.54 0.00 7.87 -1.04 13785.00 0.89 0.43 4.55 11.45 9.60 8.40 8.81

ICICI Prudential Savings Fund - Growth 40.82 24.89 17.80 3.96 17.18 -4.65 3780.42 1.05 1.28 3.74 10.67 9.34 7.91 8.28

ICICI Prudential Ultra ST Plan 69.23 7.11 23.31 0.00 0.00 0.35 6238.37 1.97 0.62 3.89 13.73 10.36 8.48 9.14

IDFC Money Manager - Invt Plan 88.82 6.75 0.00 0.00 0.00 4.43 1403.15 1.63 0.45 0.77 13.36 9.60 7.47 8.57

IDFC Money Manager - Treasury Plan 77.01 15.91 3.43 0.00 4.34 -0.69 1473.12 0.90 0.96 4.12 10.71 9.05 7.51 8.41

IDFC Ultra Short Term Fund 82.74 14.64 2.64 0.00 6.09 -6.11 2873.46 0.88 0.19 3.51 11.51 9.75 8.20 8.73

JM Floater Long Term Fund 77.13 21.31 0.00 0.00 0.00 1.56 93.21 0.00 0.60 9.05 9.57 8.52 8.54 8.86

JM Money Manager Fund - Super Plus Plan 91.73 6.38 1.37 0.00 0.00 0.52 725.18 0.00 0.50 4.35 11.33 9.18 8.12 8.47

JPMorgan India Treasury Fund - Ret 92.28 0.00 3.14 0.00 0.00 4.58 161.10 0.16 0.00 7.54 9.27 7.66 7.50 -1.74

Kotak Treasury Advantage Fund 79.22 7.96 0.00 0.00 9.30 3.52 4560.79 0.51 0.75 5.01 9.85 8.77 7.77 8.41

L&T Ultra Short Term Fund 91.80 6.79 0.00 0.00 0.00 1.41 1579.45 0.00 0.53 3.75 12.02 9.27 8.27 8.49

LIC Nomura MF Savings Plus Fund 56.58 38.79 0.00 0.00 4.49 0.14 866.12 0.71 1.30 5.01 10.38 8.63 7.54 7.73

Principal Debt Opportunities Conservative 64.69 32.17 1.33 5.40 10.01 -13.60 208.36 0.65 1.04 6.43 12.28 9.48 8.25 8.32

Reliance Money Manager Fund 78.19 14.75 0.00 3.09 8.02 -4.05 10917.99 0.79 0.52 4.08 11.29 9.53 8.09 8.51

Religare Invesco Credit Opportunities Fund 93.98 3.91 0.00 0.00 0.80 1.31 1892.19 0.09 0.65 8.14 8.63 8.31 8.17 8.48

Religare Invesco Credit Opportunities Fund 93.98 3.91 0.00 0.00 0.80 1.31 1892.19 0.09 0.65 8.14 8.63 8.31 8.17 8.48

Religare Invesco Ultra Short Term Fund 82.37 14.15 0.00 0.00 1.98 1.50 1784.16 0.62 0.80 4.79 10.75 8.83 7.84 8.32

SBI Ultra Short Term Debt Fund - Growth 78.25 19.95 3.49 0.00 2.90 -4.59 7072.51 0.64 0.40 5.61 11.17 9.41 8.14 8.54

Sundaram Ultra Short Term 90.10 7.93 6.01 0.00 3.92 -7.96 1814.81 0.00 1.17 5.22 10.72 9.17 7.84 8.06

Tata Floater Fund 87.30 14.13 0.00 0.00 0.89 -2.32 2810.67 0.00 0.35 4.87 11.42 9.21 7.97 8.49

Taurus Ultra Short Term Bond Fund - Ret 93.00 0.00 0.32 0.00 0.00 6.68 310.50 0.13 0.48 6.94 8.04 7.92 7.80 8.22

UTI Floating Rate Fund - STP 66.88 27.65 0.00 0.00 16.42 -10.95 3731.99 1.14 0.93 4.15 11.70 9.80 8.26 8.67

UTI Treasury Advantage Fund 73.94 12.07 0.00 0.00 17.21 -3.22 9317.40 0.71 0.23 5.57 10.62 8.88 7.78 8.24

Axis Liquid Fund 101.57 2.59 7.52 0.00 17.36 -29.04 6189.75 0.16 0.14 7.85 8.83 8.25 7.94 8.15

Birla Sun Life Cash Plus 91.45 8.63 0.00 0.00 27.74 -27.82 16191.54 0.22 0.21 7.65 9.67 8.52 8.07 8.22

DHFL Pramerica Insta Cash Plus 80.71 0.00 7.22 0.00 25.93 -13.86 4596.70 0.18 0.19 7.94 9.06 8.38 8.07 8.24

DSP BlackRock Liquidity Fund 108.23 1.82 0.00 0.00 14.58 -24.63 3773.21 0.17 0.25 7.73 8.84 8.14 7.82 7.98

Franklin India TMA 113.17 0.00 0.00 1.20 6.63 -21.00 2088.86 0.13 0.86 7.16 8.47 7.77 7.36 7.59

HDFC Cash Mgmt Fund - Savings Plan 109.83 0.00 0.20 0.00 15.97 -26.00 5310.98 0.14 0.51 7.77 8.85 8.16 7.83 8.04

HDFC Liquid Fund 99.58 0.76 5.54 0.00 20.13 -26.01 18978.64 0.14 0.45 7.80 9.02 8.28 7.96 8.16

ICICI Prudential Liquid 109.31 1.61 0.00 0.00 15.17 -26.09 16829.46 0.16 0.18 7.84 9.02 8.32 7.97 8.15

ICICI Prudential Money Market 106.07 0.00 0.00 0.00 20.77 -26.84 6466.83 0.16 0.21 7.85 9.09 8.35 8.00 8.17

IDFC Cash Fund 108.11 0.00 0.40 0.00 17.14 -25.65 6708.86 0.16 0.36 7.76 9.09 8.28 7.94 8.14

Kotak Floater - ST 104.43 0.00 0.00 0.00 1.97 -6.40 5079.64 0.15 0.36 7.86 9.01 8.37 8.04 8.24

Kotak Liquid Scheme - Plan A 115.13 0.00 0.00 0.00 0.00 -15.13 5944.14 0.17 0.22 7.83 8.95 8.31 7.97 8.15

L&T Liquid Fund 117.36 0.00 0.00 0.00 3.91 -21.27 5120.14 0.00 0.13 7.78 8.92 8.29 7.96 8.15

LIC Nomura MF Liquid Fund 104.36 0.00 0.00 0.00 3.22 -7.58 6223.28 0.13 0.22 7.79 8.81 8.23 7.93 8.14

Reliance Liquid Fund - TP 108.32 0.79 0.00 0.00 17.28 -26.39 14468.98 0.19 0.27 7.89 9.06 8.32 7.97 8.15

Religare Invesco Liquid Fund 93.01 1.99 0.00 0.00 16.07 -11.07 2519.70 0.15 0.17 7.82 8.85 8.25 7.96 8.19

SBI Premier Liquid Fund 118.16 0.21 13.03 0.00 19.13 -50.53 19473.06 0.16 0.20 7.75 9.18 8.38 7.98 8.14

UTI Liquid Fund - Cash Plan 97.32 0.00 0.00 0.00 17.08 -14.40 9077.92 0.00 0.10 7.17 8.76 7.82 7.36 7.46

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May 2016


Sov. Others Cash Corpus Modified Expense Simple Annualized CA*

(Cr.) Duration 7D 1M 3M 6M 1Y


11

Debt Gilt: Medium & Long-term Fundsas on

Mar 2016Return(%)

Portfolio as on Mar 31, 2016 & Return as on April 30, 2016 *CA : Compound Annualized

Birla Sun Life G Sec Fund - LT - Reg 97.89 0.00 2.11 941.30 8.91 1.49 7.78 20.31 22.39 7.31 7.64

DHFL Pramerica Gilt Fund - Growth 97.68 0.00 2.32 505.50 5.13 0.76 13.71 14.63 13.43 7.34 8.18

Franklin India GSF - LTP 96.72 0.00 3.28 371.23 9.48 1.74 -6.38 18.85 20.83 7.20 7.58

HDFC Gilt Fund - L T P 96.32 0.00 3.68 2612.92 9.37 0.79 -4.30 19.08 21.17 8.13 7.97

ICICI Prudential Gilt Fund - Investment PF 97.48 0.00 2.52 820.12 4.34 0.85 0.99 19.54 23.22 7.88 7.79

ICICI Prudential Long Term Gilt Fund 97.49 0.00 2.51 1506.59 9.65 1.18 -3.37 20.37 22.48 7.62 7.85

IDFC G Sec Fund - Invt Plan - Reg (Re-launched) 97.40 0.00 2.60 765.68 3.79 1.01 6.00 13.08 9.06 4.73 6.14

JPMorgan India G Sec Fund - Reg 94.04 0.00 5.96 844.42 8.95 1.25 -5.99 17.12 19.07 7.23 7.59

Reliance G Sec Fund 97.16 0.00 2.84 1377.20 6.98 1.69 7.56 19.42 15.96 7.31 7.86

SBI Magnum Gilt LTP 99.07 0.00 0.93 2242.67 4.03 0.97 11.49 14.51 11.26 5.67 7.19

UTI Gilt Advantage Fund - L T P 83.06 0.00 16.94 517.32 4.04 0.85 15.68 16.35 9.88 2.73 5.31

May 2016

Debt Gilt: Short-term Funds

DSP BlackRock Treasury Bill Fund 99.34 0.00 0.66 22.01 0.69 0.59 6.02 8.37 7.24 6.79 7.25

ICICI Prudential Short Term Gilt Fund 97.81 0.00 2.19 159.43 4.39 0.71 10.24 14.84 13.08 9.54 9.83

IDBI Gilt Fund 96.43 0.00 3.57 19.82 8.18 1.94 12.23 15.41 14.95 2.81 4.91

SBI Magnum Gilt STP 66.29 0.00 33.71 148.46 2.36 0.69 6.71 11.31 10.44 9.36 9.19

Tata G S S M F - Plan A 87.76 0.00 12.24 25.84 0.00 0.64 6.66 11.02 8.38 7.64 8.07

UTI G-Sec Fund - STP 57.95 0.00 42.05 16.83 0.12 0.56 6.49 6.85 5.81 6.16 7.17

Return(%)Debt : Dynamic Fundsas on

Mar 2016

Axis dynamic Bond Fund 33.62 0.95 59.27 0.00 3.76 2.40 320.36 6.50 1.40 -0.03 15.12 13.54 7.05 7.91

Birla Sun Life dynamic Bond DAP 8.89 6.41 82.01 0.00 0.00 2.69 12501.93 8.54 1.63 -1.39 17.87 18.14 7.84 8.65

Birla Sun Life dynamic Bond 8.89 6.41 82.01 0.00 0.00 2.69 12501.93 8.54 1.54 -1.37 17.88 18.14 7.84 8.65

Franklin India dynamic Accrual 15.12 4.78 0.00 56.37 22.30 1.43 1552.06 2.20 1.76 5.14 15.66 7.04 6.56 8.80

HDFC HIF - dynamic 6.33 0.75 87.10 0.00 3.27 2.55 1989.09 7.83 1.61 -2.05 17.12 17.94 7.22 7.19

ICICI Prudential Long Term Fund 12.04 0.00 79.29 0.00 0.00 8.67 781.28 7.31 1.21 0.95 17.53 20.46 8.16 8.17

Reliance dynamic Bond Fund 7.46 0.00 89.49 0.00 1.65 1.40 5461.45 6.74 1.67 6.20 17.69 14.35 6.84 7.16

Reliance Dynamic Bond Fund 7.46 0.00 89.49 0.00 1.65 1.40 5461.45 6.74 1.67 6.20 17.69 14.35 6.84 7.16

SBI dynamic Bond Fund 38.53 0.00 56.67 0.00 0.45 4.35 3508.22 4.47 1.52 3.14 11.38 10.38 5.74 6.80

Tata Dynamic Bond Fund 24.63 0.00 71.89 0.00 0.00 3.48 1001.14 0.00 1.66 6.19 12.49 9.41 5.96 7.04

UTI Dynamic Bond Fund 28.72 2.73 63.41 0.00 0.75 4.39 944.99 3.64 1.75 12.97 17.62 9.73 5.69 7.58

AAA & AA & AA+ Sov. A & A+ Others Cash Corpus Avg. Exp. Simple Annualized CA*

A1 + & A1 & A- (Cr.) Maturity 7D 1M 3M 6M 1Y

Auto Energy Fin. IT Pharma Services Others Corpus Absolute Compound Annualized


Equity : Value Funds

Equity : Global Funds

as onMar 2016

Birla Sun Life Pure Value 3.27 27.88 13.55 4.55 6.90 0.53 43.32 416.32 4.41 0.75 6.93 31.43

ICICI Pru Value Discovery Fund 11.25 9.35 28.06 7.62 2.89 6.84 33.99 11224.29 5.68 -1.08 0.04 26.70

L&T India Value Fund - Growth 5.39 11.03 16.49 8.25 2.91 1.78 54.15 1052.70 0.58 -2.89 3.71 27.04

PPFAS Long Term Value Reg 11.87 6.07 22.05 25.08 3.90 11.15 19.88 650.51 3.25 -1.08 1.92 0.00

Tata Equity P/E Fund - Reg 5.45 20.08 19.47 10.04 2.89 3.04 39.03 565.21 3.84 0.67 -3.60 21.79

Templeton India Equity Income 11.68 7.83 32.34 8.59 4.81 4.85 29.90 891.59 6.04 -2.57 -6.06 13.22

Franklin Asian Equity Fund 2.96 0.00 30.38 9.97 2.88 1.37 52.44 103.92 7.87 2.00 -9.74 6.21

ICICI Pru Indo Asia Equity Fund 3.02 16.98 14.03 9.37 8.88 10.49 37.23 132.44 3.54 -4.48 -8.22 17.33

ICICI Pru US Bluechip Equity Fund 4.39 3.36 7.09 13.37 19.18 14.30 38.31 172.01 7.36 5.29 3.87 16.75

L&T India Value Fund - Growth 5.39 11.03 16.49 8.25 2.91 1.78 54.15 1052.70 0.58 -2.89 3.71 27.04

Mirae Asset Global Commodity Stocks Fund 0.00 0.00 0.00 0.00 0.00 0.00 100.00 6.33 0.00 0.00 0.00 0.00

Return(%)

Compound Annualized

Compound Annualized

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May 2016

Risk Factors/Disclaimers: Mutual Funds and Securities Investments are subject tomarket risks and their NAVs / prices can fluctuate on factors affecting capital/debtmarkets. Past performance is not an indicator of future performance of theInvestments. Efforts have been made to ensure that the information provided areaccurate, complete and up-to date, irrespective please read the offer document of therespective schemes before investing. SPA Group is not liable for any inaccurate orincomplete information. SPA Group also takes no responsibility for any gain/ loss onany investment made pursuant to the above letter.

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