December 2019 - Indiabulls Mutual Fund
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December 2019
How to read the Factsheet? December 2019 Fund Manager An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount for Fresh Subscription This is the minimum investment amount for a new investor in a mutual fund scheme. Minimum Additional Amount This is the minimum investment amount for an existing investor in a mutual fund scheme. Yield to Maturity The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity. SIP SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests `500 every 15th of the month in an equity fund for a period of three years. NAV The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. Benchmark A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec. Entry Load A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/ agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is `100 and the entry load is 1%, the investor will enter the fund at `101. Exit Load Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is `100 and the exit load is 1%, the redemption price would be `99 Per Unit. Modified Duration Modified duration is the price sensitivity and the percentage change in price for a unit change in yield Standard Deviation Standard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. Sharpe Ratio The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. R Square The R-squared figure demonstrates how much of a fund's movements can be explained by the movements in its benchmark index. The higher the R-squared figure, the more closely the fund's performance can be explained by its index, whereas a fund with a lower R-squared doesn't behave much like its index. Beta Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market. AUM AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Macaulay duration Macaulay duration is defined as the weighted average time to full recovery of principal and interest payments of a bond i.e. the weighted average maturity of cash flows. The weight of each cash flow is determined by dividing the present value of the cash flow by the price of the bond. Holdings The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of Scheme The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. Rating Profile Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds. Data as on 31st December 2019 01
Equity Market Commentary
December 2019
The Nifty returned 0.9% in December owing to marginal rise in FPI inflows US $0.39bn on top of strong flows witnessed in
past two months (US$3.2bn in Nov ’19 and US$2.0bn in Oct’19) due to long winter, and year end book closure. However on
Global and domestic front we see more positive developments
December saw more definitive events globally, especially compared with rest of the year. US and China reached an interim
agreement where expected tariff hikes were called off and China agreed to buy more of agricultural goods while Trump
agreed to halve tariffs on a portion of imports from China.
Some of the high frequency indicators like domestic air passenger growth, petroleum consumption, Nov-19 GST collection
despite high base, sequential improvement in car sales pointed to an early upswing post a prolonged pain. While
sustainability of this up move will be ascertained over next few months, it’s certainly a positive development. We expect
economy to start posting a durable recovery by end of FY20 provided government expenditure sustains in light fiscal space
concerns. Recently announced corporate tax rate cuts, already effected 135bp repo rate cuts and other measures taken by
the government are also expected to help.Upcoming union budget would be a key event to watch out in near term.
Datapoints, anecdotes and judgement make us conclude that early 2020 looks and feels like how it was in mid-2002. To
highlight, neither did 2002 see a recovery in earnings growth nor was it a memorable year for investors in terms of stock
returns, but, much like now, multiple improvement measures taken over FY99-02 got consolidated by 2002, which set the
foundation for a 15 year cycle to kick-start from 2003.
We continue to hold our view that the macro lead indicators are on the mend and a new cycle’s foundations are being laid
currently, like in mid-2002. It should take a few more quarters for this to show up on the ground as positive rub-off. In the
near term we still believe a) Banks - 'Big may become Bigger' b) Build quality at times of economic slowdown - Given
economic slowdown, we believe 'Quality' as a theme may continue to outperform. We remain constructive on corporate
focused banks (sharp decline in credit cost), capital goods (proxy for investment cycle), agrochemical, select NBFCs (gold
and consumer financing) and housing and housing derivative sectors (like paints, consumer durable and building material)
due to government intervention to address housing market issues,greater credit flow and lower interest rates.
From a long term perspective we would use this transitionary period to directionally build a portfolio of’structurally strong,
cyclically challenged’ value stocks with some proportion of selective midcaps, which should benefit from a likely demand
recovery in a few quarters.This would be very selective in nature and provide significant alpha to the overall portfolio.
Valuation and View
Empirical evidence is clear that it is practically impossible to gauge how low the stock price can go if it is caught in vicious
cycle of deterioration in one or a combination of the following factors - declining operating environment, deteriorating
investor sentiment towards the stock,systemic risk,questions on corporate governance and risk of default.
The right question to ask: 'Is the business model and long term growth outlook largely intact?': However, what is possible to
analyse is whether (i) the business model including long term prospects are largely intact, (ii) the business qualifies as a
going concern (risk of bankruptcy due to unsustainable financial leverage), (iii) is undergoing temporary issues like
aggressive competition / cyclical downturn; and (iv) valuation stands at lower end of long-term range (10-year range).
For NIFTY 50 Index,we see moderate,if any,downside risks to earnings estimates for FY20 after H1FY20 and tax cut benefit.
For FY20, bulk of the incremental growth in net profits of the Index comes from (1) normalization of profits in private
'corporate' banks.Financials,where we see an earnings rebound,is our strongest overweight and we hope lower rates might
also boost near-term sentiment toward Industrials & Discretionary. Earnings, we estimate NIFTY50 EPS growth to be
~17%+ CAGR in FY19-21 driven by financial services, industrials, utilities and consumption while auto and metals will drag
earnings.
Key positives are improving liquidity conditions, declining interest rates, improving NPA cycle, gradual improvement in
industry credit growth, de-risking of corporate balance sheets, lower crude oil prices, strong policy environment and high
political stability.
Current domestic macro and market set-up looks better on most metrics compared to 2014 rally but current starting point
for valuations is higher.At ~18x NIFTY P/E, current P/E looks 'fair' relative to the macro backdrop. Key investment themes to
play are 1) large-cap over other categories, 2) cyclical sectors led by banks (largely coming out of the woods) over defensive
and 3) 'rural' over (possible populist measures by the Centre and State governments to continue) urban in 2019. Stable to
falling crude and INR appreciation can be strong tailwinds to market behaviour.
Source : MOSPI, RBI, Bloomberg, Reuters & Markit Economics
Data as on 31st December 2019 02Debt Market Commentary
December 2019
Global Cues
The U.S and China “closed” the "Phase One" trade deal - with the U.S agreeing to suspend new tariffs as well as reduce
existing levies in exchange for Chinese pledges to increase purchases of US exports and adopt trade reforms.
The United Kingdom re-elected Prime Minister Boris Johnson in the December general elections, which had been seen as a
proxy referendum“for Brexit”.
In the years last FOMC meeting, the U.S Federal Reserve left its policy interest rate unchanged and signalled that with
moderate economic growth and historically low unemployment expected to persist through the coming new year it was
unlikely to make any further changes in 2020.
The European Central Bank kept policy interest rates unchanged with a statement that reiterated that rates will stay at the
current or lower level and confirming that net asset purchases had begun and will likely continue to run “as long as
necessary”to reinforce the accommodative policy stance.
Domestic macros
Against market expectations,the RBI unanimously chose to keep policy rates unchanged at the December Monetary Policy
Committee (MPC) meeting
Central government fiscal deficit till November 2019 rose to 114.8% of the FY 2019-20 budgeted target (similar to the
114.8% during corresponding period last year) from 102.4% at the end of the previous month.
Retail inflation (CPI) accelerated to an over 3 year high of 5.54% in November 2019 from 4.62% in the previous month,
driven almost solely by higher food (especially vegetable) prices.
o Core Inflation,which had been on a decelerating trend for the last year,rose marginally to 3.5%.
Banking system liquidity remained buoyant, moving further into surplus in December, with the central bank’s liquidity
operations (LAF) absorbing an average INR 2.6 lakh crs.during the month,higher than INR 2.4 lakh crs.in November.
Foreign funds (FPIs) remained sellers in the Indian debt market for the second consecutive month, selling (net) debt worth
INR 4,616 crs.in December on top of the (net) debt sale of INR 2,358 crs.in the previous month.
Foreign exchange reserves rose to a fresh life-time high of US$ 457.5 billion in December 2019 up from US$ 448.6 billion in
the previous month,with central bank intervention amidst positive equity foreign portfolio inflows during the month.
Fixed Income Outlook
Consolidation of global trade expected to remain as base case in the new year.
Policy stance of Central Banks in significant advanced and emerging economies to remain accommodative
o Pace and quantity of rate cuts likely to be low and limited
Room with RBI to further ease–narrow and small
Increase in fiscal deficit for current year and fear of higher than previously estimated budget deficit for next year to keep
term spreads elevated.
o RBI’s expected to continue with efforts to reduce term spread premium, though recent special open market operations
(OMOs) risk a skewed yield curve.
Huge surplus in banking system liquidity-expected to continue
o But has increased risks of low to negative real rates for savers at the near end of the yield curve and also could have
implications of mispricing of credit risk.
Continue to see value in the short/medium bucket of the yield curve from a risk/reward perspective. Presently tactical on
duration,and February’s budget to guide strategic duration play.
Source : MOSPI, RBI, Bloomberg, Reuters & Markit Economics
Data as on 31st December 2019 03Indiabulls Overnight Fund
Overnight Fund
Data as on 31st December 2019
Investment Objective
The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities
having maturity of 1 business day.
Fund Snapshot Portfolio
Data as on 31st December 2019
Company Name Rating % of Assets
Inception Date (Date of Allotment)
08th July, 2019 *TREPS/Reverse Repo/Net current assets 100.00%
Grand Total 100.00%
Benchmark
CRISIL Overnight Index
*TREPS : Tri-party repo dealing system
Fund Manager
Mr. Vikrant Mehta
(Managing Fund Since June 20, 2019)
Total Work Experience: 24 years
Minimum Investment Amount (for fresh application)
For Lumpsum & SIP : `500 and in multiples of `1/-
thereafter
Minimum Additional Investment
`500 and in multiples of `1/- thereafter.
Load Structure (as % of NAV)
Entry Load: Not Applicable
Exit Load: Nil
Maturity and Yield
Modified Average Gross
Duration Maturity YTM
1.00 Day 1.00 Day 4.88%
Expense Ratio
Direct Plan 0.07%
Regular Plan 0.17%
Fund Size (as on December 31, 2019)
Monthly Average AUM ` 159.88 Crore
Month End AUM ` 172.57 Crore
NAV of Plans / Options Per Unit
Regular Plan Direct Plan
Growth ` 1024.80 Growth ` 1025.30
Daily Div. ` 1000.91 Daily Div. ` 1000.96
Weekly Div. ` 1001.02 Weekly Div. ` 1001.14
Fortnightly Div. ` 1001.51 Fortnightly Div. ` 1001.90
Monthly Div. ` 1005.00 Monthly Div. ` 1005.11
Fund Style
Credit Quality
High Mid Low
High
Interest Rate
Sensitivity
Mid
Low
Since the fund is in existence for less than one year,
the performance of the same is not shown.
Data as on 31st December 2019 04Indiabulls Liquid Fund
Liquid Fund
Credit Quality Rating-CRISIL AAAmfs
Data as on 31st December 2019
Investment Objective
To provide a high level of liquidity with returns commensurate with low risk through a portfolio of money market and debt securities with maturity of upto 91 days. However,
there can be no assurance that the investment objective of the scheme will be achieved.
Fund Snapshot Portfolio
Data as on 31st December 2019
Company Name Rating % of Assets
Inception Date (Date of Allotment)
25th October, 2011 Treasury Bills
Benchmark 76 DAY DCMB 17-Mar-2020 SOV 8.10%
CRISIL Liquid Fund Index Sub-Total 8.10%
Non Convertible Debentures
Fund Manager
Housing Development Finance Corporation AAA 6.58%
Mr. Vikrant Mehta Sub-Total 6.58%
(Managing Fund Since June 20,2019) Commercial Papers
Total Work Experience: 24 years NABARD A1+ 12.15%
Minimum Investment Amount (for fresh application) Reliance Jio Infocomm Ltd A1+ 8.09%
Power Grid Corporation of India Ltd A1+ 8.09%
For Lumpsum & SIP : `500 and in multiples of `1/-
Aditya Birla Money Ltd A1+ 4.06%
thereafter
Birla Group Holdings Private Ltd A1+ 4.03%
Minimum Additional Investment PTC India Ltd A1+ 4.02%
`500 and in multiples of `1/- thereafter. Sub-Total 40.44%
Certificates Of Deposits
Load Structure (as % of NAV) IndusInd Bank Ltd A1+ 9.73%
Entry Load: Not Applicable The South Indian Bank Limited A1+ 8.14%
IDFC First Bank Ltd A1+ 4.08%
Exit Load: (w.e.f. October 19, 2019)
IDFC First Bank Ltd A1+ 4.06%
Investor exit
Day 4 Day 5 Day 7
Day 1 Day 2 Day 3 Day 6
upon subscription* onwards The South Indian Bank Limited A1+ 4.05%
Exit Load as a % of 0.0070% 0.0065% 0.0060% 0.0055% 0.0050% 0.0045% 0.0000% Sub-Total 30.06%
redemption proceeds
Fixed Deposits
*The date of applicable NAV towards redemption units shall be HDFC Bank Ltd 2.58%
considered for calculating the number of subscription days. Sub-Total 2.58%
Maturity and Yield *TREPS/Reverse Repo/Net current assets 12.25%
Grand Total 100.00%
Modified Average Gross *TREPS : Tri-party repo dealing system
Duration Maturity YTM
50.22 Days 51.10 Days 5.42%
Rating Profile Composition of Asset
Expense Ratio Data as on 31st December 2019 Data as on 31st December 2019
Direct Plan 0.10% TREPS/Reverse Repo/
Regular Plan 0.20% Net Current Assets
12.25% Treasury Bills
8.10%
Fund Size (as on December 31, 2019) Fixed Deposits Non Convertible
2.58% Debentures
Monthly Average AUM ` 798.28 Crore
6.58%
Month End AUM ` 611.13 Crore
NAV of Plans / Options Per Unit
Regular Plan Direct Plan
Growth ` 1899.37 Growth ` 1912.38
Daily Div. ` 1001.15 Daily Div. ` 1001.06 Commercial
Certificate
Weekly Div. Weekly Div. A1+/AAA/SOV/FD Papers
` 1001.74 ` 1000.67 Of Deposit
87.76% 40.44%
Fortnightly Div. ` 1001.21 Fortnightly Div. ` 1001.29 30.06%
Monthly Div. ` 1004.91 Monthly Div. ` 1033.60 Note : TREPS/Reverse Repo/Net Current Assets of 12.25%
Fund Style
Performance Report (Regular Plan)
Credit Quality
Data as on 31st December 2019
High Mid Low
Scheme Benchmark* Additional Benchmark**
High
Period Returns Value of Returns Value of Returns Value of
Interest Rate
(%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
Sensitivity
invested invested invested
Mid
7 days 5.2449 10,010.06 5.7808 10,011.09 6.2412 10,011.97
15 days 5.1250 10,021.06 5.7546 10,023.65 4.5815 10,018.83
Low
30 days 5.0780 10,043.13 5.5574 10,047.20 3.4740 10,029.51
1 Year 6.5574 10,655.74 6.8563 10,685.63 7.5568 10,755.68
3 Years 6.8590 12,204.29 7.0292 12,262.75 6.7544 12,168.46
5 Years 7.3731 14,274.54 7.3589 14,265.09 7.1494 14,126.40
Since Inception 8.1489 18,993.68 7.9550 18,716.59 7.3149 17,826.86
*CRISIL Liquid Fund Index, **CRISIL 1 Yr T-Bill Index.
Returns shown for 7 days, 15 days and 30 days are computed on Simple Annualised basis. Returns greater than 1 year period are compounded annualized
returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure. The performance details provided herein are of
Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for computation.
Please refer page no.20 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past performance
may or may not be sustained in future.
Data as on 31st December 2019 05Indiabulls Ultra Short Term Fund
Ultra Short Duration Fund
Credit Quality Rating-CRISIL AAAmfs
Data as on 31st December 2019
Investment Objective
To provide liquidity with returns commensurate with low risk through a portfolio of money market and debt securities such that the Macaulay duration of the portfolio is
between 3 months - 6 months.
Fund Snapshot Portfolio
Data as on 31st December 2019
Company Name Rating % of Assets
Inception Date (Date of Allotment)
Government Securities
06th January, 2012 6.17% GOI 15-Jul-2021 SOV 14.04%
Benchmark Sub-Total 14.04%
CRISIL Ultra Short Term Debt Index Treasury Bills
91 Days Treasury Bill 19-Mar-2020 SOV 38.67%
Fund Manager
Sub-Total 38.67%
Mr. Vikrant Mehta
(Managing Fund Since June 20,2019) Non Convertible Debentures
Total Work Experience: 24 years LIC Housing Finance Ltd AAA 8.42%
Minimum Investment Amount (for fresh application) Sub-Total 8.42%
For Lumpsum & SIP : `500 and in multiples of `1/- Commerical Papers
thereafter Housing Development Finance Corporation A1+ 12.09%
Minimum Additional Investment Sub-Total 12.09%
`500 and in multiples of `1/- thereafter. Certificates Of Deposits
IDFC First Bank Ltd A1+ 10.86%
Load Structure (as % of NAV) IndusInd Bank Ltd A1+ 8.37%
Entry Load: Not Applicable Sub-Total 19.23%
Exit Load: Nil *TREPS/Reverse Repo/Net current assets 7.55%
Grand Total 100.00%
Maturity and Yield
*TREPS : Tri-party repo dealing system
Macaulay Average Gross
Duration Maturity YTM
5.42 Months 171.55 Days 5.51%
Rating Profile Composition of Asset
Expense Ratio
Data as on 31st December 2019 Data as on 31st December 2019
Direct Plan 0.29%
Regular Plan 0.69% TREPS/Reverse Repo/ Govt Securities
AAA Net Current Assets
8.42% 14.04%
SOV 7.55%
Fund Size (as on December 31, 2019)
52.71%
Monthly Average AUM ` 36.38 Crore Certificates Of
Month End AUM ` 35.82 Crore Deposits
19.23%
NAV of Plans / Options Per Unit
A1+ Commerical
Regular Plan Direct Plan 31.32% Papers
Growth ` 1908.66 Growth ` 1971.12 12.09%
Daily Div. ` 1005.60 Daily Div. ` 1005.60 Treasury Bills
Non Convertible
Weekly Div. ` 1005.64 Weekly Div. ` 1005.66 38.67%
Debentures
Fortnightly Div. ` 1006.51 Fortnightly Div. ` 1005.75 8.42%
Monthly Div. ` 1005.84 Monthly Div. ` 1005.89
Note : TREPS/Reverse Repo/Net Current Assets of 7.55%
Fund Style
Credit Quality Performance Report (Regular Plan)
High Mid Low Data as on 31st December 2019
Scheme Benchmark* Additional Benchmark**
High
Period Returns Value of Returns Value of Returns Value of
Interest Rate
Sensitivity
(%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
invested invested invested
Mid
1 Year 7.5538 10,755.38 7.8785 10,787.85 7.5568 10,755.68
3 Years 7.1865 12,316.95 7.5483 12,442.22 6.7544 12,168.46
Low
5 Years 7.8443 14,590.71 7.8165 14,571.87 7.1494 14,126.40
Since Inception 8.4274 19,086.55 8.4498 19,118.07 7.2378 17,476.38
*CRISIL Ultra Short Term Debt Index, **CRISIL 1 Yr T-Bill Index.
Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different
expense structure. The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business
day, the NAV of previous working day is used for computation. Please refer page no.20 for name of the other schemes currently managed by the Fund Managers
and relevant scheme for performance. Past performance may or may not be sustained in future.
Data as on 31st December 2019 06Indiabulls Savings Fund
Money Market Fund
Data as on 31st December 2019
Investment Objective
A money market scheme that seeks to provide reasonable returns, commensurate with moderately low risk while providing a high level of liquidity. However, there can be no
assurance or guarantee that the investment objective of the Scheme would be achieved.
Fund Snapshot Portfolio
Data as on 31st December 2019
Company Name Rating % of
Inception Date (Date of Allotment) Assets
19th September, 2018
Commercial Papers
Housing Development Finance Corporation A1+ 73.12%
Benchmark
Sub-Total 73.12%
CRISIL Money Market Index
Certificate of Deposits
Fund Manager
IndusInd Bank Ltd A1+ 7.59%
Mr. Vikrant Mehta
(Managing Fund Since June 20,2019) Sub-Total 7.59%
Total Work Experience: 24 years *TREPS/Reverse Repo/Net current assets 19.30%
Minimum Investment Amount (for fresh application)
Grand Total 100.00%
For Lumpsum & SIP : `500 and in multiples of `1/-
thereafter *TREPS : Tri-party repo dealing system
Minimum Additional Investment
`500 and in multiples of `1/- thereafter. Rating Profile Composition of Asset
Load Structure (as % of NAV) Data as on 31st December 2019 Data as on 31st December 2019
Entry Load: Not Applicable
TREPS/Reverse Repo/
Exit Load: Nil
Net Current Assets
19.30%
Maturity and Yield
Certificate of
Modified Average Gross Deposits
Duration Maturity YTM Performance Report (Regular Plan) 7.59%
161.20 Days 167.90 Days 6.01%
Expense Ratio
A1+ Commercial
Direct Plan 0.09% 80.71% Papers
73.12%
Regular Plan 0.22%
Fund Size (as on December 31, 2019) Note : TREPS/Reverse Repo/Net Current Assets of 19.30%
Monthly Average AUM ` 14.27 Crore
Month End AUM ` 13.16 Crore
Performance Report (Regular Plan)
Data as on 31st December 2019
NAV of Plans / Options Per Unit
Scheme Benchmark* Additional Benchmark**
Regular Plan Direct Plan
Growth ` 1099.79 Growth ` 1101.09 Period Returns Value of Returns Value of Returns Value of
Daily Div. ` 1005.11 Daily Div. ` 1005.12 (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
Weekly Div. NA Weekly Div. ` 1004.88 invested invested invested
Monthly Div. NA Monthly Div. ` 1004.78 1 Year 7.5732 10,757.32 7.5671 10,756.71 7.5568 10,755.68
3 Years NA NA NA NA NA NA
5 Years NA NA NA NA NA NA
Fund Style Since Inception 7.7003 10,997.86 7.8284 11,014.64 8.1850 11,061.37
*CRISIL Money Market Index, **CRISIL 1 Yr T-Bill Index.
Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure.
Credit Quality The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working
day is used for computation. Please refer page no.20 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past
High Mid Low performance may or may not be sustained in future.
High
Interest Rate
Sensitivity
Mid
Low
Data as on 31st December 2019 07Indiabulls Short Term Fund
Short Duration Fund
Data as on 31st December 2019
Investment Objective
The Scheme will endeavor to generate stable returns over short term with a low risk strategy while maintaining liquidity through a portfolio comprising debt and money
market instruments such that the Macaulay duration of the portfolio is between 1 year – 3 years. However, there can be no assurance that the investment objective of the
scheme will be achieved.
Fund Snapshot Portfolio
Data as on 31st December 2019
Company Name Rating % of
Inception Date (Date of Allotment) Assets
13th September, 2013 Government Securities
6.84% GOI - 19-Dec-2022 SOV 9.06%
Benchmark
7.57% GOI 17-Jun-2033 SOV 5.35%
CRISIL Short-Term Bond Fund Index
Sub-Total 14.41%
Fund Manager Non Convertible Debentures
Mr. Vikrant Mehta National Highways Authority of India AAA 5.17%
(Managing Fund Since June 20, 2019) NABARD AAA 3.84%
Total Work Experience: 24 years Power Finance Corporation Ltd AAA 1.28%
Mr. Karan Singh Sub-Total 10.29%
(Managing Fund Since April 16, 2018)
Debt Instrument-Structured Obligation
Total Work Experience: 14 years
Forbes Technosys Ltd BBB+(SO) 44.09%
Minimum Investment Amount (for fresh application) Sub-Total 44.09%
For Lumpsum & SIP : `500 and in multiples of `1/- Certificate of Deposits
thereafter IDFC First Bank Ltd A1+ 14.86%
Minimum Additional Investment Sub-Total 14.86%
*TREPS/Reverse Repo/Net current assets 16.36%
`500 and in multiples of `1/- thereafter.
Grand Total 100.00%
Load Structure (as % of NAV)
*TREPS : Tri-party repo dealing system
Entry Load: Not Applicable
Exit Load: Nil
Rating Profile Composition of Asset
Maturity and Yield
Data as on 31st December 2019 Data as on 31st December 2019
Macaulay Average Gross TREPS/Reverse Repo/
Duration Maturity YTM Net current assets
A1+ 16.36%
13.15 Months 1.42 Years 7.44% Certificate of
14.86% Govt Securities
Deposits 14.41%
14.86%
Expense Ratio Non
AAA Convertible
Direct Plan 0.48% 10.29% Debentures
Regular Plan 1.48% 10.29%
BBB+(SO) SOV
Fund Size (as on December 31, 2019)
44.09% 14.41%
Monthly Average AUM ` 53.93 Crore
Debt Instrument-Structured Obligation
Month End AUM ` 39.27 Crore 44.09%
Note : TREPS/Reverse Repo/Net Current Assets of 16.36%
NAV of Plans / Options Per Unit
Regular Plan Direct Plan Performance Report (Regular Plan)
Growth ` 1590.44 Growth ` 1710.35
Data as on 31st December 2019
Weekly Div. ` 1004.34 Weekly Div. ` 1004.49
Fortnightly Div. ` 996.62 Fortnightly Div. ` 1004.83 Scheme Benchmark* Additional Benchmark**
Monthly Div. ` 1007.87 Monthly Div. ` 1010.00
Period Returns Value of Returns Value of Returns Value of
(%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
invested invested invested
Fund Style
1 Year 5.0194 10,501.94 9.5336 10,953.36 7.5568 10,755.68
Credit Quality 3 Years 6.1348 11,957.60 7.3989 12,390.36 6.7544 12,168.46
High Mid Low 5 Years 7.3398 14,252.43 8.1317 14,786.27 7.1494 14,126.40
Since Inception 7.6416 15,904.41 8.6546 16,871.42 7.4322 15,710.45
High
*CRISIL Short Term Bond Fund Index, **CRISIL 1 Yr T-Bill Index.
Interest Rate
Sensitivity
Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different
expense structure. The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business
Mid
day, the NAV of previous working day is used for computation. Please refer page no.20 for name of the other schemes currently managed by the Fund Managers
and relevant scheme for performance. Past performance may or may not be sustained in future.
Low
Data as on 31st December 2019 08Indiabulls Banking & PSU Debt Fund
Banking and PSU Fund
Data as on 31st December 2019
Investment Objective
To generate income over short to medium term horizon through investments in debt and money market instruments of various maturities, consisting predominantly of
securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs). However, there can be no assurance that the investment
objective of the Scheme will be achieved. The Scheme(s) does not assure or guarantee any returns.
Fund Snapshot Portfolio
Data as on 31st December 2019
Company Name Rating % of
Inception Date (Date of Allotment) Assets
Government Securities
13th May, 2019
6.84% GOI - 19-Dec-2022 SOV 18.67%
Benchmark
Sub-Total 18.67%
CRISIL Banking and PSU Debt Index
Non Convertible Debentures
Fund Manager
NABARD AAA 13.07%
Mr. Vikrant Mehta
(Managing Fund Since Inception) Power Finance Corporation Ltd AAA 11.53%
Total Work Experience: 24 years National Highways Authority of India AAA 9.32%
Minimum Investment Amount (for fresh application) Sub-Total 33.92%
`500 and in multiples of `1 thereafter Certificates Of Deposits
`500 and in multiples of `1 thereafter IDFC First Bank Ltd A1+ 14.89%
(For Systematic Investment Plan (SIP)
IndusInd Bank Ltd A1+ 11.48%
Minimum Additional Investment
Sub-Total 26.37%
`500 and in multiples of `1/- thereafter.
*TREPS/Reverse Repo/Net current assets 21.03%
Load Structure (as % of NAV) Grand Total 100.00%
Entry Load: Not Applicable
*TREPS : Tri-party repo dealing system
Exit Load: Redemption/Switch on or before 3 days of
subscription: 0.25%
Post completion of 3 days: Nil
Rating Profile Composition of Asset
Maturity and Yield Data as on 31st December 2019 Data as on 31st December 2019
TREPS/Reverse Repo/
Modified Average Gross Net Current Assets
Duration Maturity YTM
SOV 21.03% Govt Securities
1.14 Years 1.51 Years 5.93% 18.67% 18.67%
Expense Ratio
Direct Plan 0.22%
Regular Plan 0.72% AAA
33.92%
A1+ Certificates
Fund Size (as on December 31, 2019) 26.37% Of Deposits Non Convertible
26.37% Debentures
Monthly Average AUM ` 66.24 Crore 33.92%
Month End AUM ` 65.30 Crore
Note : TREPS/Reverse Repo/Net Current Assets of 21.03%
NAV of Plans / Options Per Unit
Regular Plan Direct Plan
Growth ` 1059.68 Growth ` 1063.33
Daily Div. ` 1008.71 Daily Div. ` 1012.22
Weekly Div. ` 1008.71 Weekly Div. ` 1014.50
Fortnightly Div. ` 1007.51 Fortnightly Div. ` 1007.52
Monthly Div. ` 1003.59 Monthly Div. ` 1003.90
Fund Style
Credit Quality
High Mid Low
High
Interest Rate
Sensitivity
Mid
Low
Since the fund is in existence for less than one year,
the performance of the same is not shown.
Data as on 31st December 2019 09Indiabulls Income Fund
Medium Duration Fund
Data as on 31st December 2019
Investment Objective
The primary investment objective of the Scheme is to generate a steady stream of income and medium to long term capital appreciation/gain through investment in fixed
income securities such that the Macaulay duration of the portfolio is between 3 years – 4 years. Portfolio Macaulay duration under anticipated adverse situation is 1 year to
4 years. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Fund Snapshot Portfolio
Data as on 31st December 2019
Company Name Rating % of Assets
Inception Date (Date of Allotment)
GOVERNMENT SECURITIES
04th March, 2013
7.57% GOI 17-Jun-2033 SOV 28.82%
Benchmark
6.84% GOI 19-Dec-2022 SOV 23.23%
CRISIL Composite Bond Fund Index
6.97% GOI 06-SEP-2026 SOV 0.48%
Fund Manager
7.61% GOI 09-May-2030 SOV 0.02%
Mr. Vikrant Mehta
Sub-Total 52.55%
(Managing Fund Since June 20, 2019)
Total Work Experience: 24 years Debt Instrument-Structured Obligation
Mr. Karan Singh Forbes Technosys Ltd BBB+(SO) 6.41%
(Managing Fund Since April 16, 2018)
Sub-Total 6.41%
Total Work Experience: 14 years
Certificate of Deposits
Minimum Investment Amount (for fresh application)
IDFC First Bank Ltd A1+ 17.78%
For Lumpsum & SIP : `500 and in multiples of `1/-
thereafter Sub-Total 17.78%
*TREPS/Reverse Repo/Net current assets 23.27%
Minimum Additional Investment
Grand Total 100.00%
`500 and in multiples of `1/- thereafter.
*TREPS : Tri-party repo dealing system
Load Structure (as % of NAV)
Entry Load: Not Applicable
Exit Load: Nil
Rating Profile Composition of Asset
Data as on 31st December 2019 Data as on 31st December 2019
Maturity and Yield
TREPS/Reverse Repo/
Net Current Assets
Macaulay Average Gross A1+ Govt Securities
SOV 23.27%
Duration Maturity YTM 17.78% 52.55%
52.55%
39.52 Months 4.77 Years 6.13%
Expense Ratio
BBB+(SO)
Direct Plan 0.26% Certificate of
6.41%
Regular Plan 0.76% Deposits
17.78%
Fund Size (as on December 31, 2019) Debt Instrument-
Structured Obligation
Monthly Average AUM ` 15.87 Crore 6.41%
Month End AUM ` 10.94 Crore
Note : TREPS/Reverse Repo/Net Current Assets of 23.27%
NAV of Plans / Options Per Unit
Performance Report (Regular Plan)
Regular Plan Direct Plan
Growth ` 16.3350 Growth ` 17.2963 Data as on 31st December 2019
Monthly Div. ` 10.3189 Monthly Div. ` 10.5695
Scheme Benchmark* Additional Benchmark**
Quarterly Div. ` 14.7207 Quarterly Div. ` 14.8416
Half Yearly Div. ` 14.2991 Half Yearly Div. ` 14.8050 Period Returns Value of Returns Value of Returns Value of
(%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
invested invested invested
Fund Style 1 Year 7.8659 10,786.59 10.7165 11,071.65 7.5568 10,755.68
3 Years 7.1430 12,301.93 7.0799 12,280.20 6.7544 12,168.46
Credit Quality
5 Years 7.6566 14,464.07 8.5370 15,065.63 7.1494 14,126.40
High Mid Low
Since Inception 7.4491 16,335.00 8.6412 17,613.63 7.1377 16,014.33
High
*CRISIL Composite Bond Fund Index, **CRISIL 1 Yr T-Bill Index.
Interest Rate
Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different
Sensitivity
expense structure. The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business
day, the NAV of previous working day is used for computation. Please refer page no.20 for name of the other schemes currently managed by the Fund Managers
Mid
and relevant scheme for performance. Past performance may or may not be sustained in future.
Low
Data as on 31st December 2019 10Indiabulls Dynamic Bond Fund
Dynamic Fund
Data as on 31st December 2019
Investment Objective
To generate reasonable returns commensurate with the risk taken by active duration management of the portfolio. The Scheme would be investing in debt instruments
including but not limited to bonds, debentures, government securities and money market instruments over various maturity periods. However, there can be no assurance that
the investment objective of the scheme will be achieved. The Scheme(s) does not assure or guarantee any returns.
Fund Snapshot Portfolio
Data as on 31st December 2019
Company Name Rating % of Assets
Inception Date (Date of Allotment)
06th December, 2018 GOVERNMENT SECURITIES
Benchmark 6.84% GOI - 19-Dec-2022 SOV 43.28%
CRISIL Composite Bond Fund Index Sub-Total 43.28%
Fund Manager NON CONVERTIBLE DEBENTURES
Mr. Vikrant Mehta Power Finance Corporation Ltd AAA 12.22%
(Managing Fund Since June 20,2019) Sub-Total 12.22%
Total Work Experience: 24 years
Certificate of Deposits
Minimum Investment Amount (for fresh application)
IndusInd Bank Ltd A1+ 12.16%
For Lumpsum & SIP : `500 and in multiples of `1/-
thereafter IDFC First Bank Ltd A1+ 11.83%
Minimum Additional Investment Sub-Total 23.99%
`500 and in multiples of `1/- thereafter. *TREPS/Reverse Repo/Net current assets 20.52%
Load Structure (as % of NAV) Grand Total 100.00%
Entry Load: Not Applicable
*TREPS : Tri-party repo dealing system
Exit Load: Nil
Maturity and Yield
Rating Profile Composition of Asset
Modified Average Gross Data as on 31st December 2019 Data as on 31st December 2019
Duration Maturity YTM
TREPS/Reverse Repo/ Government
1.31 Years 1.71 Years 5.80%
Net Current Assets Securities
20.52% 43.28%
Expense Ratio A1+
23.99%
Direct Plan 0.24%
Regular Plan 0.74%
SOV
Fund Size (as on December 31, 2019) 43.28%
Monthly Average AUM ` 21.25 Crore AAA Certificate of
12.22% Deposits
Month End AUM ` 16.43 Crore Non Convertible
23.99% Debentures
12.22%
NAV of Plans / Options Per Unit
Note : TREPS/Reverse Repo/Net Current Assets of 20.52%
Regular Plan Direct Plan
Growth ` 1101.10 Growth ` 1107.17
Daily Div. ` 1007.10 Daily Div. ` 1006.94
Weekly Div. ` 1006.84 Weekly Div. ` 1006.12
Fortnightly Div. ` 1007.78 Fortnightly Div. ` 1007.47
Monthly Div. ` 1002.53 Monthly Div. ` 1004.40
Fund Style
Credit Quality
High Mid Low
High
Interest Rate
Sensitivity
Mid
Low
Since the fund is in existence for less than one year,
the performance of the same is not shown.
Data as on 31st December 2019 11Indiabulls Blue Chip Fund
Large Cap Fund
Data
Dataas
ason
on30th
31st September
December 2019
2018
Investment Objective
The primary investment objective of the Scheme is to seek to provide long-term capital appreciation from a portfolio that is invested predominantly in equity and equity-related
securities of blue-chip large-cap companies. However there can be no assurance that the investment objective of the scheme will be achieved.
Fund Snapshot Portfolio
Data as on 31st December 2019
Inception Date (Date of Allotment) Company Name Industry/ % of Company Name Industry/ % of
Rating Assets Rating Assets
10th February, 2012
Equity & Equity Related Holdings HDFC Asset Management Finance 1.05%
Benchmark HDFC Bank Ltd Banks 13.05% Company Ltd
Nifty 50 TRI Reliance Industries Ltd Petroleum Products 11.89% PI Industries Ltd Pesticides 1.01%
Fund Manager ICICI Bank Ltd Banks 10.94% Titan Company Ltd Consumer Durables 1.01%
Housing Development Finance 7.58% ITC Ltd Consumer Non Durables 0.84%
Mr. Veekesh Gandhi Finance Corporation
(Managing Fund Since October 29, 2018) HDFC Life Insurance Co Ltd Finance 0.63%
Tata Consultancy Services Ltd Software 7.38%
Total Work Experience: More than 18 years Axis Bank Ltd Banks 7.13% Jubilant Foodworks Ltd Consumer Non Durables 0.58%
Kotak Mahindra Bank Ltd Banks 6.33% Avenue Supermarts Ltd Retailing 0.54%
Minimum Investment Amount (for fresh application)
Larsen & Toubro Ltd Construction Project 4.73% Divis Laboratories Ltd Pharmaceuticals 0.48%
For Lumpsum & SIP : `500 and in multiples of `.1/- Bajaj Finance Ltd Finance 3.77% Tata Steel Ltd Ferrous Metals 0.33%
thereafter State Bank of India Banks 3.42% Havells India Limited Consumer Durables 0.01%
Minimum Additional Investment Hindustan Unilever Ltd Consumer Non Durables 3.18%
Ultratech Cement Ltd Cement 0.01%
`500 and in multiples of `1/- thereafter. ICICI Lombard General Finance 2.51%
Insurance Company Hindalco Industries Ltd Non - Ferrous Metals 0.00%
Load Structure (as % of NAV) Maruti Suzuki India Ltd Auto 2.50% Total Equity & Equity Related Holdings 98.90%
Entry Load: Not Applicable Britannia Industries Ltd Consumer Non Durables 2.01% Non Convertible Debentures
Infosys Ltd Software 1.82% Britannia Industries Ltd AAA 0.03%
Exit Load: a) 1% if redeemed/ switched out within 7
Nestle India Ltd Consumer Non Durables 1.75% Sub-Total 0.03%
Days from the date of allotment.
RBL Bank Ltd Banks 1.31%
b) Nil - if redeemed/ switched out after 7 Days from the *TREPS/Reverse Repo/Net current assets 1.07%
National Thermal Power Power 1.11%
date of allotment. Corp Ltd Grand Total 100.00%
Quantitative / Volatility Measures *TREPS : Tri-party repo dealing system
Sectoral Allocation (TOP 10)
Standard Sharpe Portfolio
Data as on 31st December 2019
Deviation Ratio* Turnover
3.7026 0.66 0.66
48.00% 42.18%
44.00%
40.00%
36.00%
32.00%
Beta R Square No. of Stocks 28.00%
24.00%
20.00% 15.54%
0.99 0.92 30 16.00% 11.89%
12.00% 9.20% 8.36%
8.00% 4.73% 2.50%
4.00% 1.11% 1.02% 1.01% 1.36%
*Annualised. Risk free rate assumed to be 5.26 (FBIL 0.00%
Banks
Petroleum
Products
Auto
Pesticides
Finance
Software
Power
Consumer
Durables
Other
Consumer Non
Durables
Construction
Project
OVERNIGHT MIBOR)
Portfolio Details
Top 10 Stocks 76.22%
Top 5 Sectors 87.17%
Expense Ratio
Direct Plan 1.03% Performance Report (Regular Plan)
Regular Plan 2.43% Data as on 31st December 2019
Fund Size (as on December 31, 2019) Scheme Benchmark* Additional Benchmark**
Monthly Average AUM ` 173.48 Crore Period Returns Value of Returns Value of Returns Value of
Month End AUM ` 169.28 Crore (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
invested invested invested
NAV of Plans / Options Per Unit
1 Year 12.0099 11,200.99 13.4765 11,347.65 15.6621 11,566.21
Regular Plan Direct Plan 3 Years 13.7731 14,732.38 15.6339 15,467.78 17.1105 16,068.51
Growth ` 22.5700 Growth ` 25.0600 5 Years 9.6896 15,883.18 9.3812 15,661.02 9.8690 16,013.58
Dividend ` 12.7100 Dividend ` 14.5500 Since Inception 10.8638 22,570.00 12.3054 24,993.03 12.8762 26,013.53
Monthly Div. ` 12.9900 Monthly Div. ` 11.1600 *NIFTY 50-TRI, **S&P BSE SENSEX-TRI.
Half Yearly Div. ` 13.5500 Half Yearly Div. ` 14.1200 Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure.
The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working
Quarterly Div. ` 13.4700 Quarterly Div. ` 14.1100 day is used for computation. Please refer page no.20 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past
performance may or may not be sustained in future.
Fund Style
SIP Returns
Investment Style Data as on 31st December 2019
Growth Blend Value Scheme Benchmark* Additional Benchmark**
Investment Returns Returns Returns
Large Medium Small
Period Value of Value of Value of
Amount (Rs.) (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
Capitalisation
invested invested invested
1 Year 1,20,000 14.44 1,29,158 14.05 1,28,918 16.28 1,30,303
3 Years 3,60,000 9.10 4,12,821 11.38 4,26,803 13.42 4,39,640
5 Years 6,00,000 10.24 7,76,212 11.51 8,01,211 12.75 8,26,055
7 Years 8,40,000 11.26 12,54,130 12.01 12,88,217 12.75 13,22,985
Since Inception 9,50,000 11.45 15,11,161 12.27 15,62,482 12.97 16,08,197
*NIFTY 50-TRI, **S&P BSE SENSEX-TRI.
Systematic Investment Plan (SIP) returns are worked out assuming investment of Rs. 10,000/- every month at NAV per unit of the scheme as on the first working day for the
respective time periods. The loads have not been taken into account. Past performance may or may not be sustained in future. The performance details provided herein are of
Regular Plan. Returns are for Growth option only.
Data as on 31st December 2019 12Indiabulls Equity Hybrid Fund
Aggressive Hybrid Fund
Data as on 31st December 2019
Investment Objective
The Scheme seeks to generate periodic return and long term capital appreciation from a judicious mix of equity and debt instruments. However, there can be no assurance that
the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Fund Snapshot Portfolio
Data as on 31st December 2019
Inception Date (Date of Allotment) Company Name Industry/ % of Company Name Industry/ % of
Rating Assets Rating Assets
13th December, 2018
Equity & Equity Related Holdings Siemens Ltd Industrial Capital Goods 1.21%
Benchmark
Reliance Industries Ltd Petroleum Products 8.77% Asian Paints Ltd Consumer Non Durables 0.77%
CRISIL Hybrid 35+65 - Aggressive Index
ICICI Bank Ltd Banks 7.22% HDFC Life Insurance Co Ltd Finance 0.75%
Fund Manager HDFC Bank Ltd Banks 6.14% Coal India Ltd Minerals / Mining 0.71%
Equity Segment Tata Consultancy Services Ltd Software 5.59% Havells India Limited Consumer Durables 0.67%
Mr. Veekesh Gandhi Larsen & Toubro Ltd Construction Project 5.04% Hexaware Technologies Ltd Software 0.35%
(Managing Fund Since Inception) Housing Development Finance 4.24% Infosys Ltd Software 0.10%
Total Work Experience: More than 18 years Finance Corporation
Container Corporation Transportation 0.00%
Debt Segment Bajaj Finance Ltd Finance 4.13% of India Ltd
Mr. Vikrant Mehta Titan Company Ltd Consumer Durables 4.06% NMDC Ltd Minerals / Mining 0.00%
(Managing Fund Since June 20, 2019) Axis Bank Ltd Banks 3.59%
Total Work Experience: 24 years Hindalco Industries Ltd Non - Ferrous Metals 0.00%
Kotak Mahindra Bank Ltd Banks 2.95% Sub-Total 77.14%
Minimum Investment Amount (for fresh application) ICICI Lombard General Finance 2.71%
Government Securities
For Lumpsum & SIP : `500 and in multiples of `1/- Insurance Company
thereafter 6.84% GOI -19-Dec-2022 SOV 8.94%
HDFC Asset Management Finance 2.67%
Company Ltd Sub-Total 8.94%
Minimum Additional Investment
ITC Ltd Consumer Non Durables 2.27% Non Convertible Debentures
`500 and in multiples of `1/- thereafter. National Highways AAA 5.95%
Hindustan Unilever Ltd Consumer Non Durables 1.90%
Authority of India
Load Structure (as % of NAV) JK Cement Ltd Cement 1.74%
Sub-Total 5.95%
Entry Load: Not Applicable State Bank of India Banks 1.48%
Exit Load: PI Industries Ltd Pesticides 1.47% Certificate of Deposits
a)1% if redeemed/ switched out within 7 Days from the RBL Bank Ltd Banks 1.44% IndusInd Bank Ltd A1+ 2.93%
date of allotment, Nestle India Ltd Consumer Non Durables 1.35% IDFC First Bank Ltd A1+ 2.85%
b)Nil - if redeemed/ switched out after 7 Days from the date Maruti Suzuki India Ltd Auto 1.31% Sub-Total 5.78%
of allotment *TREPS/Reverse Repo/Net current assets 2.19%
Dr. Reddy's Laboratories Ltd Pharmaceuticals 1.29%
Jubilant Foodworks Ltd Consumer Non Durables 1.22% Grand Total 100.00%
Portfolio Details
*TREPS : Tri-party repo dealing system
Top 10 Stocks 51.73%
Top 5 Sectors 59.64%
Sectoral Allocation Rating Profile
Expense Ratio
(Equity Holding) (Debt Holding)
Direct Plan 0.61% Data as on 31st December 2019 Data as on 31st December 2019
Regular Plan 2.36%
Banks 22.82% A1+ SOV
Fund Size (as on December 31, 2019)
Finance 14.50% 5.78% 8.94%
Monthly Average AUM ` 34.63 Crore Petroleum Products 8.77%
Month End AUM ` 34.09 Crore Consumer Non Durables 7.51%
Software 6.04%
NAV of Plans / Options Per Unit Construction Project 5.04%
Consumer Durables 4.73%
Regular Plan Direct Plan
Growth ` 11.0806 Growth ` 11.3242 Cement 1.74%
Dividend ` 11.0779 Dividend ` 11.3061 Pesticides 1.47%
AAA
Monthly Div. ` 11.0776 Monthly Div. ` 11.3088 Auto 1.31%
5.95%
Quarterly Div. ` 11.0779 Quarterly Div. ` 11.3142 Pharmaceuticals 1.29%
Half Yearly Div. ` 11.0527 Half Yearly Div. NA Industrial Capital Goods 1.21%
Minerals / Mining 0.71%
Fund Style
Note : TREPS/Reverse Repo/Net Current Assets of 2.19%
Investment Style
Growth Blend Value
Large Medium Small
Capitalisation
Since the fund is in existence for less than one year,
the performance of the same is not shown.
Data as on 31st December 2019 13Indiabulls Value Fund
(Erstwhile known as Indiabulls Value Discovery Fund)
Value Fund
Data as on 31st December 2019
Investment Objective
To generate returns through a combination of dividend income and capital appreciation by investing primarily in a well-diversified portfolio of value stocks. However, there is no assurance that the investment
objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Fund Snapshot Portfolio
Data as on 31st December 2019
Inception Date (Date of Allotment) Company Name Industry/ % of Company Name Industry/ % of
8th September, 2015 Rating Assets Rating Assets
Benchmark Equity & Equity Related Holdings Supreme Industries Ltd Industrial Products 1.94%
S&P BSE 500 TRI Tata Global Beverages Ltd Consumer Non Durables 5.79% Hexaware Technologies Ltd Software 1.81%
Fund Manager Reliance Industries Ltd Petroleum Products 5.38% RBL Bank Ltd Banks 1.46%
HDFC Bank Ltd Banks 4.83% PI Industries Ltd Pesticides 1.41%
Equity Segment
Mr. Veekesh Gandhi ICICI Bank Ltd Banks 4.37% State Bank of India Banks 1.33%
(Managing Fund Since October 29, 2018) Larsen & Toubro Ltd Construction Project 4.29% Avenue Supermarts Ltd Retailing 1.31%
Total Work Experience: More than 18 years Indraprastha Gas Ltd Gas 4.21% Kotak Mahindra Bank Ltd Banks 1.28%
Mr. Rajeev Desai ITC Ltd Consumer Non Durables 3.75%
(Managing Fund Since November 30, 2019) Petronet LNG Ltd Gas 1.07%
Total Work Experience: 16 years
Infosys Ltd Software 3.62% Ultratech Cement Ltd Cement 0.01%
Debt Segment Tata Consultancy Services Ltd Software 3.53% Total Equity & Equity Related Holdings 69.38%
Mr. Vikrant Mehta Axis Bank Ltd Banks 3.08% Commerical Papers
(Managing Fund Since June 20,2019) Indiabulls Housing Finance 2.84%
Total Work Experience: 24 years Housing Development A1+ 9.18%
Finance Ltd
Finance Corporation
Minimum Investment Amount (for fresh application) Bajaj Finance Ltd Finance 2.81%
Total 9.18%
For Lumpsum & SIP : `500 and in multiples of `.1/- Coal India Ltd Minerals / Mining 2.51%
ICICI Lombard General Finance 2.43% Mutual Funds Units
thereafter Indiabulls Mutual Fund 8.72%
Insurance Company
Minimum Additional Investment Sub-Total 8.72%
Titan Company Ltd Consumer Durables 2.32%
`500 and in multiples of `1/- thereafter. HDFC Asset Management Finance 2.00% *TREPS/Reverse Repo/Net current assets 12.72%
Load Structure (as % of NAV) Company Ltd Grand Total 100.00%
Entry Load: Not Applicable *TREPS : Tri-party repo dealing system
Exit Load: a) 1% if redeemed/ switched out within
1 year from the date of allotment. Sectoral Allocation
b) NIL, if redeemed/ switched out after 1 year from the Data as on 31st December 2019
date of allotment
Portfolio Details
20.00%
16.35%
Top 10 Stocks 42.85% 16.00%
Top 5 Sectors 50.31% 12.00% 10.08% 9.54% 8.96%
Expense Ratio 8.00% 5.38% 5.28% 4.29%
4.00% 2.51% 2.32% 1.94% 2.73%
Direct Plan 1.50%
Regular Plan 2.50% 0.00%
Banks
Consumer Non
Durables
Petroleum
Products
Gas
Finance
Software
Construction
Project
Other
Consumer
Minerals /
Mining
Durables
Industrial
Products
Fund Size (as on December 31, 2019)
Monthly Average AUM ` 20.89 Crore
Month End AUM ` 20.97 Crore
NAV of Plans / Options Per Unit
Regular Plan Direct Plan
Growth ` 11.7966 Growth ` 12.7937
Performance Report (Regular Plan)
Dividend ` 11.7940 Dividend ` 12.6790
Half Yearly Div. ` 9.6619 Half Yearly Div. ` 10.2498 Data as on 31st December 2019
Monthly Div. ` 9.1531 Monthly Div. ` 9.3887 Scheme Benchmark* Additional Benchmark**
Quarterly Div. ` 8.9194 Quarterly Div. ` 10.2441
Period Returns Value of Returns Value of Returns Value of
Fund Style (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
invested invested invested
Investment Style
Growth Blend Value 1 Year -0.7003 9,929.97 8.9822 10,898.22 13.4765 11,347.65
3 Years 3.5868 11,116.18 13.7540 14,724.95 15.6339 15,467.78
5 Years NA NA NA NA NA NA
Large Medium Small
Since Inception 3.9033 11,796.60 11.9739 16,290.81 12.6363 16,710.74
Capitalisation
*S&P BSE 500-TRI, **Nifty 50-TRI.
Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure.
The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working
day is used for computation. Please refer page no.20 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past
performance may or may not be sustained in future.
SIP Returns
Data as on 31st December 2019
Scheme Benchmark* Additional Benchmark**
Period Investment Returns Value of Returns Value of Returns Value of
Amount (Rs.) (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
invested invested invested
1 Year 1,20,000 5.31 1,23,412 11.31 1,27,204 14.05 1,28,918
3 Years 3,60,000 -2.84 3,44,507 7.84 4,05,205 11.38 4,26,803
5 Years NA NA NA NA NA NA NA
Since Inception 5,20,000 0.78 5,29,033 10.19 6,48,927 12.41 6,80,288
*S&P BSE 500-TRI, **Nifty 50-TRI.
Systematic Investment Plan (SIP) returns are worked out assuming investment of Rs. 10,000/- every month at NAV per unit of the scheme as on the first working day for the
respective time periods. The loads have not been taken into account. Past performance may or may not be sustained in future. The performance details provided herein are of
Regular Plan. Returns are for Growth option only.
Data as on 31st December 2019 14Indiabulls Tax Savings Fund
ELSS
Data as on 31st December 2019
Investment Objective
The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities. The
scheme shall offer tax benefits under Section 80C of the Income Tax Act. However, there is no assurance that the investment objective of the Scheme will be realized and the
Scheme does not assure or guarantee any returns.
Fund Snapshot Portfolio
Data as on 31st December 2019
Inception Date (Date of Allotment) Company Name Industry/ % of Company Name Industry/ % of
28th December, 2017 Rating Assets Rating Assets
Benchmark Equity & Equity Related Holdings Hindustan Unilever Ltd Consumer Non Durables 1.65%
HDFC Bank Ltd Banks 8.24% Coal India Ltd Minerals / Mining 1.47%
S&P BSE 500 TRI ICICI Bank Ltd Banks 7.21% National Thermal Power Corp Ltd Power 1.23%
Fund Manager Reliance Industries Ltd Petroleum Products 7.20% SANOFI INDIA LIMITED Pharmaceuticals 1.19%
Larsen & Toubro Ltd Construction Project 3.82% PI Industries Ltd Pesticides 1.15%
Equity Segment
Maruti Suzuki India Ltd Auto 3.49% Bank of Baroda Banks 1.04%
Mr. Veekesh Gandhi
Infosys Ltd Software 3.47% State Bank of India Banks 1.02%
(Managing Fund Since October 29, 2018)
Axis Bank Ltd Banks 3.30% NMDC Ltd Minerals / Mining 1.00%
Total Work Experience: More than 18 years
HCL Technologies Ltd Software 3.16% Avenue Supermarts Ltd Retailing 0.71%
Debt Segment Dr. Reddy's Laboratories Ltd Pharmaceuticals 0.52%
Mr. Vikrant Mehta Ultratech Cement Ltd Cement 2.99%
Indiabulls Housing Finance Ltd Finance 2.80% Procter & Gamble Hygiene Consumer Non Durables 0.50%
(Managing Fund Since June 20,2019)
Kotak Mahindra Bank Ltd Banks 2.77% and Health Care
Total Work Experience: 24 years
ITC Ltd Consumer Non Durables 2.73% JK Cement Ltd Cement 0.10%
Minimum Investment Amount (for fresh application) Nestle India Ltd Consumer Non Durables 2.52% Bajaj Auto Ltd Auto 0.02%
HDFC Asset Management Finance 2.48% Container Corporation of India Ltd Transportation 0.00%
For Lumpsum & SIP : `500 and in multiples of `500/- Total Equity & Equity Related Holdings 81.63%
Company Ltd
thereafter Asian Paints Ltd Consumer Non Durables 2.47% Commerical Papers
Minimum Additional Investment Tata Consultancy Services Ltd Software 2.20% Housing Development A1+ 8.20%
SBI Life Insurance Company Ltd Finance 1.97% Finance Corporation
`500 and in multiples of `500/- thereafter. Sub-Total 8.20%
Titan Company Ltd Consumer Durables 1.96%
Load Structure (as % of NAV) Bajaj Finance Ltd Finance 1.82% Mutual Fund Units
ICICI Lombard General Finance 1.73% Indiabulls Mutual Fund 4.45%
Entry Load : Not Applicable Insurance Company Sub-Total 4.45%
RBL Bank Ltd Banks 1.70% *TREPS/Cash & Cash Equivalents 5.74%
Exit Load : Nil. Grand Total 100.00%
Quantitative / Volatility Measures *TREPS : Tri-party repo dealing system
Sectoral Allocation
Standard Sharpe Portfolio Data as on 31st December 2019
Deviation Ratio* Turnover
4.0608 -0.28 1.18
28.00% 25.28%
24.00%
20.00%
Beta R Square No. of Stocks 16.00%
10.80% 9.87%
0.96 0.92 35 12.00% 8.83% 7.20%
8.00% 3.82% 3.51% 4.80%
3.09% 2.47% 1.96%
4.00%
* Annualised. Risk free rate assumed to be 5.26 (FBIL 0.00%
Banks
Consumer Non
Durables
Petroleum
Products
Auto
Finance
Software
Cement
Other
Consumer
Minerals /
Mining
Construction
Project
Durables
OVERNIGHT MIBOR)
Portfolio Details
Top 10 Stocks 45.68%
Top 5 Sectors 61.98%
Expense Ratio
Performance Report (Regular Plan)
Direct Plan 1.68%
Regular Plan 2.48% Data as on 31st December 2019
Scheme Benchmark* Additional Benchmark**
Fund Size (as on December 31, 2019)
Period Returns Value of Returns Value of Returns Value of
Monthly Average AUM ` 87.48 Crore (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
Month End AUM ` 88.05 Crore invested invested invested
NAV of Plans / Options Per Unit 1 Year 8.4764 10,847.64 8.9822 10,898.22 13.4765 11,347.65
3 Years NA NA NA NA NA NA
Regular Plan Direct Plan 5 Years NA NA NA NA NA NA
Growth ` 10.1100 Growth ` 10.3000 Since Inception 0.5462 10,110.00 3.7296 10,763.08 9.2023 11,933.78
Dividend ` 10.1100 Dividend ` 10.2900
*S&P BSE 500-TRI, **Nifty 50-TRI.
Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have different expense structure.
The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous working
Fund Style day is used for computation. Please refer page no.20 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance. Past
performance may or may not be sustained in future.
Investment Style
Growth Blend Value SIP Returns
Data as on 31st December 2019
Large Medium Small
Scheme Benchmark* Additional Benchmark**
Capitalisation
Period Investment Returns Value of Returns Value of Returns Value of
Amount (Rs.) (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
invested invested invested
1 Year 1,20,000 11.62 1,27,400 11.31 1,27,204 14.05 1,28,918
3 Years NA NA NA NA NA NA NA
5 Years NA NA NA NA NA NA NA
Since Inception 2,50,000 4.77 2,62,983 6.50 2,67,748 10.60 2,79,195
*S&P BSE 500-TRI, **Nifty 50-TRI.
Systematic Investment Plan (SIP) returns are worked out assuming investment of Rs. 10,000/- every month at NAV per unit of the scheme as on the first working day for the
respective time periods. The loads have not been taken into account. Past performance may or may not be sustained in future. The performance details provided herein are of
Regular Plan. Returns are for Growth option only.
Data as on 31st December 2019 15You can also read
