Outlook on Equity Markets

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Equity Market outlook In India macro economic parameters like current account deficit, fiscal deficit and high inflation

have shown significant improvement. Earnings growth still remains weak but has levers to improve in FY16. Mid And Small Cap funds fared better with absolute return of 6.22% and large cap with 2.82%.

What should be investor strategy? Sectors such as financials, consumer discretionary and industrials will benefit from cyclical recovery

in growth. Based on valuations we prefer the financials and consumer discretionary over industrials Earnings for Mid cap companies will likely improve with a recovery in domestic growth and a more

benign monetary environment Though there is a preference for pro cyclical stance, portfolio strategy is more balanced given the

valuations changes over past year.

Ways of investing

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There are various ways of investing in mutual funds. But the most prominent ones are : A. Lump sum: It’s a one time investment of buying the mutual fund units at any given time.

B. Systematic Investment Plan: A Systematic Investment Plan or SIP is a smart and hassle free mode for investing money in mutual funds. SIP allows you to invest a certain pre-determined amount at a regular interval (monthly, quarterly,). How does it work? Money is auto-debited from your bank account and invested into a specific mutual fund scheme. Number of units are allocated based on the ongoing market rate (called NAV or net asset value) for

the day. Units are bought at different rates and investors benefit from Rupee-Cost Averaging and the Power of

Compounding

Benefits Disciplined Saving Flexibility Long term gains Convenience

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SBI Blue chip Fund-Regular

Investment Strategy: The fund focusses on fairly diversified portfolio for long-term growth in capital through an active management of investments whose market capitalization is at least equal to or more than the least market capitalized stock of BSE 100 Index.

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Performance (% Returns)

1 Y 3 Y 5Y

Fund 16.17 24.02 13.79

S& BSE 100 1.27 15.01 7.69

Source: Value research & SBI AMC

Top Constituents

Company %Assets

ICICI Bank 2.25

Reliance 3.76

TCS 2.89

SBI 1.88

L&T 2.84

PI Industries 1.47

Bharti Airtel 1.51

Category: Large Cap Launch: Feb 2006 Assets: Rs.2014 Crores

Fund Outlook The fund has a good blend of large caps and mid caps in last one year. The portfolio’s strategy and its performance in recent years inspire confidence. Fund Manager : Sohini Andani since Sep 2010 Exit load : Nil after 365 days

Source: Value research

UTI Equity Fund

Investment Strategy: The objective of the fund is to invest at least 80% of its funds in equity and equity related instrument with medium to high risk profile and upto 20% in debt and money market instruments with low to medium risk profile.

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Performance (% Returns)

1 Y 3 Y 5Y

Fund 11.94 21.48 14.06

S& BSE 100 1.27 15.01 7.69

Source: Value research & UTI AMC

Top Constituents

Company %Assets

HDFC bank 6.37

Infosys 4.89

ICICI bank 4.46

TCS 4.23

Reliance Ind 3.62

PI Industries 1.47

Bharti Airtel 1.51

Category: Large Cap Launch: Aug 2005 Assets: Rs.4,231 Crores

Fund Outlook The fund has a good blend of large caps and mid caps in last one year. Fund Manager : Anoop Bhaskar since Sep 2007 Exit load : Nil after 365 days

Source: Value research

Religare Invesco Business Leaders Fund

Investment Strategy: The scheme will invest primarily in equity and equity related instruments including equity derivatives of companies which should be leaders on the respective industry.

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Performance (% Returns)

1 Y 3 Y 5Y

Fund 11.94 19.95 10.86

CNX Nifty 0.16 14.11 8.00

Source: Value research & UTI AMC

Top Constituents

Company %Assets

HDFC bank 6.37

Infosys 4.89

ICICI bank 4.46

TCS 4.23

Reliance Ind 3.62

PI Industries 1.47

Bharti Airtel 1.51

Category: Large Cap Launch: Aug 2009 Assets: Rs.62 Crores

Fund Outlook The fund has a good blend of large caps and mid caps in last one year. Fund Manager : Anoop Bhaskar since Sep 2007 Exit load : Nil after 365 days

Source: Value research

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Franklin India High Growth companies

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Investment Strategy: The fund seeks to achieve capital appreciation through investments in Indian companies/sectors with high growth rates or potential. It will focus on companies offering the best trade-off between growth, risk and valuation. Top Constituents

Performance (% Returns)

1 Y 3 Y 5Y

Fund 20.10 32.90 17.37

CNX 500 4.75 16.64 17.37

Source: Value research & Franklin Templeton AMC

Company %Assets

HDFC Bank 6.17

Idea cellular 5.08

ICICI Bank 3.67

TVS Motor 3.93

SKF India 2.59

Cipla 1.67

TCS 3.35

Fund Outlook The fund will follow an active investment strategy and will focus on rapid growing companies which will be based on growth and various other factors. Fund Manager : Roshi Jain since July 2012 Exit Load :Nil after 730 days

Category: Diversified Launch: Mar 2005 Assets: Rs.11,650 Crores

Source: Value research

SBI Magnum Multiplier Plus

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Investment Strategy: The fund revolves around investing in Market Leaders which have a disproportionately high market share, companies which benefit from Change in Margins, companies with strong earnings growth and pricing power in the market Top Constituents

Performance (% Returns)

1 Y 3 Y 5Y

Fund 17.27 24.87 12.81

S&P SBE 200 4.17 16.04 7.82

Source: Value research & SBI AMC

Company %Assets

HDFC Bank 5.59

ICICI Bank 4.22

TATA motors 4.23

Lupin 3.9

HPCL 3.59

Prism cement 2.43

Tata com 2.79

Fund Outlook The fund has been consistently performing with having 60% in large cap stocks. Also its close to 75% is in Financial/Technology which is likely to outperform other sectors Fund Manager : Jayesh Shroff since July 2006 Exit load: Nil after 365 days

Category: Diversified Launch: Feb 2006 Assets: Rs.1,530 Crores

Source: Value research

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Religare Invesco Mid & Small Cap

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Investment Strategy: The fund focuses on the mid and small cap stocks by following bottom up approach and the focus will primarily be on specific company rather than the industry in which that company operates. Top Constituents

Performance (% Returns)

1 Y 3 Y 5Y

Fund 21.05 32.85 18.58

CNX MidCap 17.43 22.37 8.39

Source: Value research & Religare AMC

Company %Assets

Dish TV 4.78

DB Corporation 4.30

Biocon 3.93

Aditya Birla 3.84

Sanofi India 3.52

LIC Housing 3.46

HPCL 3.26

Fund Outlook The fund has been consistently beating the benchmark index and impresses through his unconventional stock selection. Fund Manager : Vinay Paharia since May 2008 Exit load: Nil after 365 days

Category: Mid & Small Launch: Mar 2008 Assets: Rs.4,41 Crores

Source: Value research

Process to Invest In Mutual Funds at Religare

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A. Visit website Log into the religareonline.com website with the User id and Password Transfer the funds under My Account>Fund Transfer> Pay-in Once transfer is done through Pay-in do the Fund allocation from RSL to Mutual funds Go on Transact Now>Mutual Funds>Place order page The Order once processed will reflect in the order book of the customer.

B. Call and Trade Team

Feel free to speak to our representative on 18602588888 by pressing 1 or SMS ASKMF

to 575758

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This document contains general information about the market and products and is being circulated for information purposes only. Historical data is not necessarily indicative of future performance. This document is for information purposes only and neither this document nor anything contained herein shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This document does not solicit any action based on the material contained herein. The strategies discussed herein may not be suitable for all the Investors/Clients. Investors/Clients should consider and independently evaluate suitability for his / her / their particular circumstances and, if necessary, seek professional / financial advice. Religare Securities Limited (“RSL” or "Company") does not warrant the accuracy, adequacy or completeness of the information contained in this document and expressly disclaims liability for any errors or omissions or delays in updating this information and materials. In no event will RSL or its affiliates be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with this document or use thereof.

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