Sundaram Multi Cap Fund – Direct Plan – Growth (Adjusted NAV)
06 October, 2023
by MMI Team
ISIN Overall analysis 3-yr rolling excess returns remains below minimum and has not given good performance and TE against benchmark have also not been good overall; The fund has not given the maximum excess return in comparison to its peers; and has made little to no progress over the past 1 year. Performance analysis Rolling
- Published in Equities, Equities multi cap
SBI Multicap Fund – Direct Plan – Growth
06 October, 2023
by MMI Team
INF200KA18E2 Overall analysis 1-yr rolling excess returns remains below the lower quartile and has given good performance and TE against benchmark have been good overall; The fund has given the maximum excess return in comparison to its peers; and has made good progress over the past 1 year. Performance analysis Rolling returns – 1yr rolling
- Published in Equities, Equities multi cap
Sundaram Multi Cap Fund Series II – Direct Plan – Growth
06 October, 2023
by MMI Team
INF903JA1EF4 Overall analysis 3-years rolling excess returns of the fund has declined by underperforming its benchmark as well as its peers. This fund’s TE is moderate, IR is negative; not generating risk adjusted returns. The fund gave negative returns against its benchmark during past recent months; 3 year rolling returns stood by underperforming its benchmark
- Published in Equities, Equities multi cap
Sundaram Multi Cap Fund – Direct Plan – Growth
06 October, 2023
by MMI Team
INF173K01FQ0 Overall analysis 1-yr rolling excess returns of the fund is negative to the index. Overall, this fund has moderate TE. The IR of this fund is in negative figures which is un-impressive. The fund gave an average return in comparison to its peers as it is above median. Fund has a good start with
- Published in Equities, Equities multi cap
Sundaram Multi Cap Fund Series I – Direct Plan – Growth
06 October, 2023
by MMI Team
INF903JA1DT7 Overall analysis 3-years rolling excess returns of the fund has declined by underperforming its benchmark as well as its peers. This fund’s TE is moderate, IR is negative; not generating risk adjusted returns. The fund gave negative returns against its benchmark during past recent months; 3 year rolling returns stood by underperforming its benchmark
- Published in Equities, Equities multi cap
Quant Active Fund – Direct Plan – Growth
06 October, 2023
by MMI Team
INF966L01614 Overall analysis 1-yr rolling excess returns of the fund has raised, currently generating maximum returns compared to its benchmark, while the snail trail shows that the fund had generated maximum returns by taking (-) risk. TE states that the fund is highly active, But it has a drawback of negative IR. Performance analysis Rolling
- Published in Equities, Equities multi cap
Nippon India Multicap Fund – Direct Plan – Growth
06 October, 2023
by MMI Team
INF204K01XF9 Overall analysis 3-years rolling excess returns of the fund has outperformed its benchmark and its peers. Overall, this fund TE is closer to the index. It has a good IR 2.2; the fund is generating risk adjusted returns. Fund manager is taking more risk and generating returns. Suitable for the investor with high-risk appetite.
- Published in Equities, Equities multi cap
Kotak Multicap Fund – Direct Plan – Growth
06 October, 2023
by MMI Team
INF174KA1HV3 Overall analysis 1-yr rolling excess returns of the fund is sustained between maximum and upper quartile (green) line. Fund’s snail trail chart assesses that it has been in the top left quadrant proceeding with positive excess returns by taking negative risk. TE of this fund is declined on a month-on-month basis & has a
- Published in Equities, Equities multi cap
Mahindra Manulife Multi Cap – Direct Plan – Growth
06 October, 2023
by MMI Team
INF174V01341 Overall analysis 3-years rolling excess returns of the fund was good in the past, but in recent phases its returns have fallen somewhere between median and lower quartile. Overall, this fund has moderate TE (moderately active). IR is low which is not ideal and the fund Is not providing risk-adjusted return. This fund had
- Published in Equities, Equities multi cap
Kotak India Growth Fund – Series IV – Direct Plan – Growth
06 October, 2023
by MMI Team
INF174K019S9 Overall analysis 3-years rolling excess returns of the fund has crossed down the maximum line, it gave the maximum return in comparison to its peers. Overall, this fund has good TE, it is moderately active. It has negative IR & has generated decent returns to its investors by taking the least risk against benchmark.
- Published in Equities, Equities multi cap
ITI Multi Cap Fund – Direct Plan – Growth
06 October, 2023
by MMI Team
INF00XX01168 Overall analysis 3-years rolling excess returns of the fund is negative throughout the year. Overall, this fund TE has shrinked & it been moderately active, IR is average. The fund gave the least returns in comparison to its peers. It has negative risk and returns as shown further in detail. Performance analysis Rolling returns
- Published in Equities, Equities multi cap
IDFC Multicap Fund – Direct Plan – Growth
06 October, 2023
by MMI Team
INF194KB1CL0 Overall analysis 1-yr rolling excess returns of the fund is constant. Overall, this fund has good TE, it is moderately active. IR is declining and moving towards passiveness. The fund gave the maximum return in comparison to its peers as it above median. It has negative risk and positive returns which means the fund
- Published in Equities, Equities multi cap
Invesco India Multicap Fund – Direct Plan – Growth
06 October, 2023
by MMI Team
INF205K01MS2 Overall analysis 3-years rolling excess returns of the fund is declining throughout the chart. Overall, this fund has moderate TE, it is moderately active. The 1 year rolling information ratio of this fund is poor. The fund is underperforming its benchmark and peers. Performance analysis Rolling returns – 3 years rolling excess returns over
- Published in Equities, Equities multi cap
ICICI Prudential Multicap Fund – Direct Plan – Growth
06 October, 2023
by MMI Team
INF109K014O9 Overall analysis 3-years rolling excess returns of the fund is currently underperforming by -0.7%. Overall, this fund has moderate TE (moderately active). IR is low which is not ideal and the fund Is not providing risk-adjusted return. This fund is turning towards- taking positive risk to generate returns for its investors. Performance analysis Rolling
- Published in Equities, Equities multi cap
HDFC Multicap Fund – Direct Plan – Growth
06 October, 2023
by MMI Team
INF179KC1BS5 Overall analysis 1-yr rolling excess returns of the fund is constant. This fund’s TE has declined- but it has moderate TE, IR is moderate. The fund gave the maximum return in comparison to its peers as it is tackling around the maximum line. It has negative risk and positive returns which means the fund
- Published in Equities, Equities multi cap
Edelweiss Recently Listed IPO Fund – Direct Plan – Growth
06 October, 2023
by MMI Team
INF754K01ML4 Overall analysis 1-yr rolling excess returns of the fund has declined, Overall, TE is between 5-13 which means the fund is ideally active. IR has gone through both positive and negative phase. As of now the fund has high TE of 9.7% & negative IR of -0.7. Performance analysis Rolling returns – 3 year
- Published in Equities, Equities multi cap
Baroda BNP Paribas Multi Cap Fund – Direct Plan
22 September, 2023
by MMI Team
INF955L01AG0 Overall analysis (h2) 3-yr rolling excess returns of the fund is volatile enough. Overall, this fund has high TE, currently it is moderately active. The fund gave decent returns in comparison to its peers and now it is generating returns equal to the upper quartile. In June 2023 the fund took more risk and
- Published in Equities, Equities multi cap
Axis Multicap Fund – Direct Plan
22 September, 2023
by MMI Team
INF846K013E0 Overall analysis 1-yr rolling excess returns is quite decent according to a new fund existing from 17 months as it has surpassed the upper quartile, fund is moderately active according to TE, overall, it has IR less than 1 – it is not an ideally active fund. Performance analysis Rolling returns –1 year rolling
- Published in Equities, Equities multi cap
Axis Capital Builder Fund – Series 4 – Direct Plan
22 September, 2023
by MMI Team
INF846K01K68 Overall analysis (h2) 3-yr rolling excess returns is poor because the fund has generated negative returns, it has crossed down the median, lower quartile & minimum which is a worst-case scenario compared to its peers. It has negative risk & return, Fund is moderately active with a TE of 4.27%, It has got negative
- Published in Equities, Equities multi cap
Aditya Birla Sun Life Multi Cap Fund – Direct Plan
22 September, 2023
by MMI Team
INF209KB1Y49 Overall analysis 1-yr rolling excess returns of the fund has been negative most of the time, TE shows that the fund is moderately active as the TE fluctuated between 4%-4.90%. IR is also declining month by month which also concludes that the fund is less active & inconsistent in generating risk adjusted returns. Performance
- Published in Equities, Equities multi cap
Franklin India Bluechip Fund-Direct Plan
22 September, 2023
by MMI Team
ISIN INF090101FN7 Overall analysis 3-yr rolling excess returns is in negative and also tracking error against benchmark has been in the range of 4-10% .The funds’ performance in the short run has been deteriorating. The fund has not given the maximum excess return in comparison to its peers; but it is gaining the returns in
- Published in Asset Classes, Equities, Equities large cap
Edelweiss Large Cap Fund-Direct Plan
22 September, 2023
by MMI Team
ISIN INF754K01BW4 Overall analysis 3-yr rolling excess returns is in the range of 3-5% and tracking error against benchmark has been in the range of 2-4% which is ideal overall and the funds’ performance in the short run has been also good. The fund has given the maximum excess return in comparison to its peer
- Published in Asset Classes, Equities, Equities large cap
DSP Top 100 Equity Fund-Direct Plan
22 September, 2023
by MMI Team
ISIN INF740K01PR3 Overall analysis 3-yr rolling excess returns is in the range of negative 5-1% and tracking error against benchmark also have been in the range of 3-5% and the funds’ performance in the short run has been deteriorating. The fund had not given the maximum excess return in comparison to its peers. Performance analysis
- Published in Asset Classes, Equities, Equities large cap
Canara Robeco Bluechip Equity Fund-Direct Plan
22 September, 2023
by MMI Team
ISIN INF760K01FR2 Overall analysis 3-yr rolling excess returns is in the 2-5% range which is good and tracking error against benchmark has been impressive in the range of 2-6% overall. The funds’ performance in the short run has also been good. The fund had given the maximum excess return in comparison to its peers. Performance
- Published in Asset Classes, Equities, Equities large cap
Canara Robeco Small Cap Fund – Direct Plan
22 September, 2023
by MMI Team
ISIN INF760K01JC6 Overall analysis 3-yr rolling excess returns of the fund is above first quartile and TE against benchmark have been active and also the funds’ performance in the short run has been increasing. The fund had given a high excess return in comparison to its peers. Performance analysis Rolling returns in quartiles The rolling
- Published in Equities, Equities small cap
Aditya Birla Sun Life Focused Equity Fund – Direct Plan
22 September, 2023
by MMI Team
ISIN INF209K01WE3 Overall analysis 3-yr rolling excess returns is low compared to benchmark and first quartile and TE against benchmark have moderately active during 2016-17 but then started declining. While snail trail shows the risk & return in positive and as well as in negative. Tracking Error of the fund has been constant 3-6%. Performance
- Published in Equities
Baroda BNP Paribas Large Cap Fund-Direct Plan
22 September, 2023
by MMI Team
ISIN INF209K01BR9 Overall analysis 3-yr rolling excess returns is in the 2-6% range. Tracking error against benchmark have been in the range of 2-6%; but the funds’ performance in the short run has been deteriorating. The fund had given the maximum excess return in comparison to its peers; but has dropped to below the first
- Published in Asset Classes, Equities, Equities large cap
Bank Of India Bluechip Fund-Direct Plan
22 September, 2023
by MMI Team
ISIN INF761K01FL3 Overall analysis 1-yr rolling excess returns is in the range of 2-4% and Tracking Error against benchmark has been in the range of 2-4% for the past 6 months. The fund had given a neutral excess return in comparison to its peers; but has been going upwards in the first quartile over the
- Published in Asset Classes, Equities, Equities large cap
Axis Bluechip Fund-Direct Plan
22 September, 2023
by MMI Team
ISIN INF846K01DP8 Overall analysis 3-yr rolling excess returns is in negative which is not good for the past few years and tracking error against benchmark has been very active overall and the funds’ performance in the short run has been deteriorating. The fund had given the maximum excess return in comparison to its peers; but
- Published in Asset Classes, Equities, Equities large cap
Bank of India Small Cap Fund – Direct Plan
22 September, 2023
by MMI Team
ISIN INF761K01EP7 Overall analysis 3-yr rolling excess returns is above the first quartile and TE of the fund is active but it has declined after June 2021l; the funds’ performance in the short run has been deteriorating. The fund had given a high excess return in comparison to its peers; but has dropped to below
- Published in Equities, Equities small cap
Aditya Birla Sun Life Frontline Equity Fund-Direct Plan
22 September, 2023
by MMI Team
ISIN INF209K01YY7 Overall analysis 3-yr rolling excess returns is in the range of 2-6% and tracking error against benchmarks have been in the 2-4% range ;the funds’ performance in the short run has also been good. The fund has given the maximum excess return in comparison to its peers; but has been neutral to the
- Published in Equities, Equities large cap
UTI Small Cap Fund – Direct Plan
22 September, 2023
by Dhruvi Shah
ISIN INF789F1AUQ1 Overall analysis 1-yr rolling excess returns of the fund ranges between 2-8% and TE of the fund is above 6%, 1-yr rolling excess return is low compared to benchmark but the TE of the fund is reasonably active, also the funds’ performance in the short run has been deteriorating. The fund has dropped
- Published in Equities, Equities small cap
50 shades of value investing in India
15 July, 2022
by MMI Editor
While everyone agrees that value investing is buying a stock for less than its intrinsic value, this is easier said than done. There is no one way to calculate intrinsic value. Over time Warren Buffet’s definition of value has changed from the ‘cigar butt’ approach that his mentor Ben Graham espoused to a more broader
- Published in Equities, Featured, Portfolio Construction
How active and skilled are Indian equity funds?
22 June, 2022
by Devasri Davey
While retail investors and advisers track various performance-based quantitative parameters such as excess returns and Sharpe ratio on mutual fund fact sheets, the professional investment consulting industry uses more advanced measures such as tracking error and information ratio to evaluate active funds. We calculated and analysed these measures for the Indian equity fund universe with
- Published in Equities, Featured, Portfolio Construction
P2P lending in India
21 January, 2022
by MMI Team
Peer-to-peer lending is a small sub-segment of the fast growing lending segment within fintech. It allows investors to lend to a diversified portfolio of small borrowers through digital platforms, thereby cutting out the traditional middlemen (like banks and non-banking financial companies) and earning a higher return. We look at the p2p lending landscape in India.
Are PMS better than mutual funds?
20 January, 2022
by MMI Team
With increasing flows into portfolio management services (PMS), we hear PMS providers claiming that they outperform mutual funds as a category. We decided to take a high level look at the performance. While the median PMS performance is not too different from that of mutual funds, the dispersion of returns is higher. We suggest investors
Indian financial reporting standards
19 October, 2021
by Pooja Jajoo
In India, the state of financial reporting has changed dramatically in the previous five years. As trade expands beyond national borders, compliance and reporting standards must adapt as well. The reporting standards ensure that the transactions are reported by the firms similarly. However, standards must remain flexible and allow discretion to management to properly describe
- Published in Equities
Crypto in India
30 June, 2021
by Karan Das
What Is Cryptocurrency? A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued
- Published in Asset Classes
Bond markets: issues and implications
13 April, 2021
by Anubhav Srivastava
This post collates some of the issues being highlighted by experts regarding the Indian corporate bond markets, and the implications for debt mutual funds. Debt funds are risky… Suyash Choudhary, head of fixed interest at IDFC AMC, outlines the market structure and issues – The macro Markets for financing in India Behavioural thinking and operating
- Published in Debt
Share buy-backs in India
05 August, 2020
by Akanksha Sehgal
A share buyback means a company buys their own shares from the market when they want to reduce their number of shares available in the open market. Share buyback in India – legal provisions In India, buyback of listed shares was permitted by the Companies (Amendment) Act, 1999 by the insertion of Sections 77A, 77AA
- Published in Equities
Differential voting rights in India – a summary
05 August, 2020
by Runeet Kaur Arora
What are DVRs? Dual Class Shares (DCS) or shares with Differential Voting Right (DVR) as popularly known in India, simply mean that a company has issued more than one class of stocks with different voting rights. In other words, DVRs are shares that give the holder different voting rights compared to someone who owns ordinary
- Published in Equities
Unlisted stock investing
21 July, 2020
by Janhavi Poojary
In addition to investing in the 5,000-odd listed stocks, investors can invest in unlisted stocks, either pre-IPO or delisted stocks. The CFA Society India organised a webinar on this topic – https://www.cfainstitute.org/en/research/multimedia/2018/investing-in-indias-growing-unlisted-space The webinar discusses what unlisted stocks are, their types, valuation, how to invest. Unlisted securities are not listed on stock exchange and those
- Published in Equities
Does ETF liquidity matter for investors?
03 June, 2020
by MMI Admin
The Indian asset and wealth management industry laments the lack of liquidity in ETFs, encouraging investors to buy passive funds instead. But what is liquidity and does it matter? In the recent past, two papers have been issued to address this topic – The CFA Society India issued a report on ETFs generally with some recommendations
- Published in Equities, Portfolio Construction
Valuing real estate
24 July, 2014
by MMI Team
Subhankar Mitra of Jones Lang LaSalle explains the basic methodologies used for real estate valuations in India. Valuations are very important in any private equity/real estate investing not only while buying and selling but also for ongoing reporting. Hence, it’s important to understand how valuations work in India. 1. What qualifications does one need to
- Published in Asset Classes
Forget track records for responsible investing
09 December, 2009
by MMI Editor
The United Nations Principles for Responsible Investment now claims over 550 signatories with more than USD 18 trillion in assets. UNPRI provides a framework for institutional investors to integrate environmental, social and governance (ESG) factors into investment processes. Also, the International Finance Corporation has sponsored a study on the prevalence of RI in emerging markets.
- Published in Equities