Mutual Fund Quarterly Booklet Apr - June 2021 - Ventura ...
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Mutual Fund Quarterly Booklet
Apr – June 2021
Index
Sr. No. Particulars Page No.
I Executive Summary 3
II Equity Schemes
1 Change in AUM - Open-ended Equity Schemes (%) 4
2 Top 10 Company Holding - Market Value wise 4
3 Top 10 Company Holding- Count wise 4
4 Top 10 Sector Holding - Market Value wise 5
5 Top 10 Fund Managers - AUM wise 5
6 Company In & Out 5
7 Top 5 Equity Schemes (maximum no. of stocks) 6
8 Top 5 Equity Schemes (minimum no. of stocks) 6
9 No. of Equity Schemes – Outperformance Vis a Vis Benchmark & Nifty 6
10 Stocks not held by Mutual Fund 7
11 New Entrants (IPO) in MF Industry 8
12 Changes in Stocks as per AMFI's New Market Cap List 8
III Debt Schemes
1 Change in AUM – Open-ended Debt Schemes (%) 10
2 Top 10 Sector Holding - Market Value wise 10
3 Top 10 Company Holding - Market Value wise 10
4 Category wise average allocation to different rated papers 11
5 Top 10 Fund Managers - AUM wise 11
6 Average Modified Duration of each category 11
7 Average YTM of each category 11
8 Category Wise Exposure to Liquid Assets 12
9 Category Wise Exposure to Top Rated Assets 12
IV Hybrid Schemes
1 Change in AUM – Open-ended Hybrid Schemes (%) 13
2 Top 10 Company Holding – Equity 13
3 Top 10 Company Holding – Debt 13
4 Top 10 Sector Holding – Equity 14
5 Top 10 Sector Holding – Debt 14
6 Top 10 company Holding (Equity) - Count wise 14
2
Executive Summary
The adverse impact of the second wave of the pandemic has barely abated and we are already staring at the possibility
of a third wave. Many organisations are predicting the emergence of new variants of the virus as it is mutating at a rapid
pace. So, while the lifting of lockdowns has begun in many geographies, there are still some restrictions in place and this
is taking a toll on businesses and economic indicators.
For the last two months, inflation has been more than 6%, which has raised RBI’s concerns. Nevertheless, the central
bank has been ensuring adequate liquidity to pre-empt the market from going into a free fall. In the June quarter, the
Sensex has moved up by 6% while the Nifty50 is up 7%. The S&P BSE Midcap and S&P BSE Small-cap indices surged by
11.7% & 22.2%, respectively.
After a long haul, Foreign Institutional Investors (FIIs) were net sellers in this quarter, withdrawing ~18k crores from the
market in the June quarter. Domestic Institutional Investors (DIIs) have been buyers since the month of March, investing
~20.5k crores in the market during the same period. The figure below depicts how the AUM of the entire mutual fund
industry has moved over the last one year.
Asset Under Management movemement
40 32.4 33.0 34.1
31.0 31.8 32.3 32.2
35 27.8 27.7 28.3 29.8
27.3
Rs. in lac crores
26.1 3.5 3.6 3.9
30 2.8 3.1 4.8 4.9 4.9 3.9 Others
2.3 2.5 2.6 2.7 3.2 3.5 3.6 3.7
25 2.1 3.1 3.1 3.0 3.1 3.3 3.5
3.0 3.1
Hybrid
15.1
20
15.2
15.4
15.5
14.2
13.9
14.5
15.3
14.5
14.2
14.1
14.3
13.7
15
Debt
10
11.2
10.5
Apr/21 10.0
9.8
9.7
9.3
9.2
5 Equity
8.6
8.1
Aug/20 8.0
Sep/20 8.0
Jul/20 7.6
Jun/20 7.2
0
Total
Dec/20
May/21
Nov/20
Feb/21
Oct/20
Jan/21
Mar/21
Jun/21
Source: AMFI
Equity schemes saw positive inflows of funds in the June quarter. Of all equity fund categories, only ELSS saw an outflow
throughout this quarter. In the month of April, SIP collections dipped compared to March, but saw a rising trend once
again thereafter. In this quarter debt funds saw a mixed flow in all their categories. Only low duration, floater, medium
and medium to long duration categories saw an inflow throughout the June quarter. In the last MPC meeting, RBI kept
the repo rate unchanged at 4% and stressed the need to remain vigilant over elevated global commodity prices and
rising inflation expectations.
Looking ahead, there’s a lot riding on the speed of the vaccination drive as it could determine the success of the war
against Covid-19. In June 21, 8.6 million doses were administered in a single day, which is one of the highest in the
world. That being so, the government needs to keep up this momentum. As things stand, the World Bank has slashed
India’s GDP forecast to 8.3% for FY22, from the earlier estimate of 10.1%, because of the emergence of the second wave
of Covid-19.
3
Equity Schemes
Change in AUM - Open ended Equity Schemes (%)
↑ Dividend Yield 24.7
↑ Small Cap 23.1
↑ Multi Cap 22.9
↓ Sectoral/Thematics 16.9
↓ Mid Cap 15.9
↓ Large & Mid Cap 14.8
↓ Focused 13.4
↑ Value/Contra 12.9
↓ Flexi Cap 11.3
↔ Large Cap 9.3
↓ ELSS 8.3
Insights: Small Cap, Mid Cap & Sectoral Funds continues to see huge inflows in their AUM as they continue to deliver higher returns to the
investors. As Tata Dividend Yield Fund NFO was released in this quarter, the dividend yield category saw a jump from sixth position in last quarter
to the first position in this quarter.
*AUM: Assets under Management
Top 10 Company holding - Market Value wise Top Company holding - Count wise
↑ ICICI Bank 52,992 ↔ ICICI Bank 208
↓ HDFC Bank 51,413 ↔ HDFC Bank 190
↔ Infosys 49,696 ↑ SBI 173
↑ SBI 26,000 ↔ Infosys 171
↓ Axis Bank 25,337 ↓ Bharti Airtel 169
↓ Reliance Industries 22,485 ↔ Axis Bank 155
↓ Bharti Airtel 21,379 ↑ L&T 140
↑ L&T 19,169
↓ Reliance Industries 132
↑ HDFC Ltd 19,006
*HDFC Ltd 122
↓ TCS 18,820
*PI Industries 120
Rs in crores
No. of schemes holding the stock
Insights: In this quarter, ICICI Bank replaced HDFC Bank to gain the Insights: HDFC Ltd and PI Industries replaced Maruti Suzuki India &
top position in the list. All the top 10 companies saw an increase in TCS to enter the list of top 10 for this quarter. In this quarter 18
their exposure as compared to the last quarter. The market value of more schemes added State Bank of India to their portfolios as
State Bank of India increased by 24% from last quarter. compared to last quarter.
4
Top 10 Sector holding - Market Value wise Top 10 Fund Managers - AUM wise
↔ Jinesh Gopani (Axis) 53,321
↔ Banks 193,382
↔ Software 115,755 ↑ Shreyash Devalkar (Axis) 49,626
↔ Finance 106,691 ↓ Harsha Upadhyaya (Kotak) 46,952
↔ Pharmaceuticals 77,798 ↔ Prashant Jain (HDFC) 45,543
↔ Consumer Non Durables 69,752 ↔ Chirag Setalvad (HDFC) 41,967
↔ Consumer Durables 45,801 ↑ Sankaran Naren (ICICI Pru) 36,341
↑ Industrial Products 40,547
↔ Sohini Andani (SBI) 34,173
↓ Petroleum Products 39,572
*Priyanka Khandelwal (ICICI… 29,819
↔ Cement 36,416
*Mahesh Patil (ABSL) 28,684
↔ Auto 33,721
↓ Rajat Chandak (ICICI Pru) 27,994
Rs. in crores
Rs. in crores
Insights: The top sector continues to remain the same from the last Insights: Jinesh Gopani (Axis) maintained his position at the top
quarter except for some interchange in the ranking. The from last quarter. Priyanka Khandelwal (ICICI) & Mahesh Patil (Birla)
Pharmaceuticals and Industrial Product sectors saw an increase in replaced Venugopal Manghat (L&T) & A Radhakrishnan (Franklin) to
their market value by 18% & 16%, respectively, from last quarter. get a position in the list of top 10.
Company In & Out
Sona BLW Precision Forgings 2500
POWERGRID Infrastructure Investment Trust Units 1266
Krishna Institute of Medical Sciences 863
Dodla Dairy 328
Shyam Metalics and Energy 164
Macrotech Developers 118
India Pesticides 114
Orchid Pharma 91
Shree Renuka Sugars 33
Federal-Mogul Goetze (India) 32
Eveready Industries India 25
Inox Wind Energy 21
Olectra Greentech 14
Borosil Renewable -60
Vardhman Special Steels -24
Panacea Biotec -14
Pennar Industries -13
Deccan Cements -12
Inox Wind -12
Rs. in crores
Insights: Sona BLW Precision Forgings, Powergrid Infrastructure InVIT, Shyam Metallics, India Pesticides, Macrotech Developers, Dodla Dairy,
Krishna Institute of Medical Sciences were all new entrants in the market due to their IPO.
5Top 5 Equity Schemes (maximum no. of stocks)
Scheme Name Category No. of Stocks(Equity)
Nippon India Small Cap Small-Cap 123
Nippon India Multi Cap Multi-Cap 89
Nippon India Growth Mid-Cap 82
L&T Emerging Businesses Small-Cap 81
ICICI Pru Multicap Multi-Cap 78
Insights: Nippon India Multi Cap, Nippon India Growth and L&T Emerging Business Fund replaced ITI Muti-Cap, ITI Long Term Equity and ITI Small
Cap to enter the Top 5 list.
Top 5 Equity Schemes (minimum no. of stocks)
Scheme Name Category No. of Stocks(Equity)
JM Core 11 Focused Fund 11
LIC MF Banking & Fin Services Sector - Financial Services 15
ITI Value Value 17
Quant Quantamental Equity - Other 18
Tata Banking & Financial Services Sector - Financial Services 18
Insights: ITI Value and Quant Quantamental Fund replaced SBI Technology Opportunities and SBI Banking & Financial Services to enter the top 5
list. JM Core 11 continues to remain at the top position.
No. of Equity Schemes – Outperformance Visa-Vis Benchmark& Nifty
No. of
AMC Name Benchmark NIFTY
schemes
Aditya Birla Sun Life 19 9 17
Axis 9 5 9
Canara Robeco 7 6 7
DSP 12 7 12
Edelweiss 7 3 7
Franklin Templeton 12 8 12
HDFC 11 9 11
ICICI Prudential 23 15 22
IDFC 8 5 7
Invesco 12 9 12
Kotak 11 6 11
L&T Finance 10 7 10
LIC 6 4 5
Mirae Asset 8 7 7
Motilal Oswal 5 1 3
Nippon 13 11 13
SBI Mutual Fund 18 12 16
Sundaram 11 5 10
Tata 16 13 13
UTI 14 7 13
Insights: Out of the Top 20 AMCs, 10 AMCs saw all their equity schemes outperform the Nifty 50 benchmark. Mirae Asset was the best performer
with 88% of its funds outperforming their benchmarks. AUM wise, the Top 20 AMCs have been considered. Quarterly absolute returns are
considered for the period March-June 2021.
6Stocks not held by Mutual Fund
Amount in Rs. crores
Market Market Market
Large-Cap Mid-Cap Small-Cap
Cap Cap Cap
Adani Green Energy 176,682 Adani Power 32,633 ITI (Indian Telephone) 11,348
Adani Enterprises 113,363 Indian Overseas Bank 26,428 KIOCL 10,913
Adani Transmission 103,338 Ruchi Soya Industries 23,667 Alok Industries 10,816
ADANI TOTAL GAS 99,739 GMR Infrastructure 15,801 Central Bank of India 10,615
Rajesh Exports 15,054 IIFL FINANCE 9,073
Dhani Services 14,892 Bombay Burmah Trading Corpn 8,574
Bank of Maharashtra 14,141 Trident 7,591
UCO Bank 12,924 Capri Global Capital 7,156
MMTC 6,452
Balaji Amines 6,310
INFIBEAM AVENUES 5,935
Wockhardt 5,919
Ujjivan Small Finance Bank 5,699
Vakrangee 5,650
Tata Investment Corporation 5,422
Rain Industries 5,412
SUZLON ENERGY 5,122
Sun Pharma Advanced Research Company 5,026
KRBL Ltd 4,993
Shipping Corporation Of India 4,890
JSW Holdings 4,562
Sital Leasing And Finance 4,524
Responsive Industries 4,472
IRCON International 4,307
Network 18 Media & Investments 4,258
Maharashtra Scooters 4,196
Hindustan Foods 4,195
Spandana Sphoorty Financial 4,182
Kama Holdings 4,139
Hemisphere Properties India 4,131
Gujarat State Fertilizers & Chem 3,775
IOL Chemicals & Pharmaceuticals 3,765
Fertilizers and Chemicals Travancore 3,711
PUNJAB & SIND BANK 3,621
Jindal Stainless (Hisar) 3,570
BOROSIL RENEWABLES 3,473
AGC Networks 3,470
Gujarat Ambuja Exports 3,368
Future Retail 3,358
Swan Energy 3,345
Hinduja Global Solutions 3,304
Note: Only the top 500 companies, according to AMFI, have been considered.
th
The Market cap is as on 30 June 2021.
7New Entrants (IPO) in the MF Industry
Market Cap(Rs. in
New Entrants –IPO (Date of Listing) Category
crores)
Macrotech Developers 28,509 Mid Cap
Sona BLW Precision Forgings 20,598 Mid Cap
Shyam Metalics and Energy 9,576 Small Cap
Krishna Institute of Medical Sciences 7,770 Small Cap
Dodla Dairy 3,510 Small Cap
Note: Exposure in MF as on 30-June-21 has been considered.
Only the top 500 companies, according to AMFI, have been considered.
Changes in Stocks as per AMFI's New Market Cap List
Amount in Rs. crores
Mid Caps that became Large Caps
M Cap 30-
Company Name
June-21
ADANI TOTAL GAS 99,739
NMDC 43,464
Apollo Hospitals Enterprises 42,970
Cholamandalam Investment and Finance Company 42,619
Steel Authority of India 38,841
Bank Of Baroda 37,805
Honeywell Automation India 37,746
Small Caps that became Mid Caps
M Cap 30-
Company Name
June-21
Tata Elxsi 18,987
APL Apollo Tubes 15,012
Kajaria Ceramics 14,517
Bank of Maharashtra 14,141
Apollo Tyres 14,023
Indian Bank 13,742
Linde India 12,871
Affle (India) 12,800
Blue Dart Express 12,094
Vaibhav Global 12,001
Alkyl Amines Chemicals 13,476
8Large Caps that became Mid Caps
M Cap 30-
Company Name
June-21
PI Industries 36,954
Hindustan Petroleum Corporation 36,772
Indraprashtha Gas 36,737
PETRONET LNG 36,016
Alkem Laboratories 34,874
Hindustan Aeronautics 33,524
Abbott India 32,450
Mid Caps that became Small Caps
M Cap 30-
Company Name
June-21
Metropolis Healthcare 11,668
Prestige Estates Projects 11,471
ITI (Indian Telephone) 11,348
Mahanagar Gas 11,252
Procter & Gamble Health 10,677
Credit Access Grameen 10,637
Central Bank of India 10,615
SJVN 10,406
Akzo Nobel India 10,348
IIFL Wealth Management 10,106
Godrej Agrovet 10,076
Motilal Oswal Financial Services 9,906
AstraZeneca Pharma India 9,300
Bombay Burmah Trading Corpn. 8,574
Granules India 8,247
Note: Only the top 500 companies, according to AMFI, have been considered.
9Debt Schemes
Change in AUM - Open ended Debt Schemes ( %)
↑ Low Duration Fund 18.5
↔Overnight Fund 17.1
↓ Floater Fund 16.5
↑ Medium to Long Duration Fund 14.7
↔Money Market Fund 13.0
↑ Ultra Short Duration Fund 5.5
↑ Gilt Fund 2.5
↑ Banking and PSU Fund 1.1
↑ Liquid Fund 0.4
↔Gilt Fund with 10 year constant duration -0.2
↓ Corporate Bond Fund -0.5
↓ Long Duration Fund -0.7
↓ Medium Duration Fund -1.7
↓ Short Duration Fund -2.9
↓ Credit Risk Fund -7.3
↓ Dynamic Bond Fund -9.7
Insights: Unlike the last quarter, where most lower duration funds saw an outflow in their AUM, in this quarter except for the Short Duration
category all other lower duration funds saw inflows into their AUM. Except for the Gilt and Medium to Long duration category all other longer
duration funds saw an outflow in the June quarter.
Top 10 Sector holding - Market Value wise Top 10 Company holding - Market Value wise
↔ Bank - Public ↔NABARD 68,285
133,804
↔ Finance - NBFC 118,223 ↔HDFC 43,779
↔ Finance - Housing 96,324 ↔REC Ltd 40,572
↔ Refineries 75,487 ↑ Reliance Industries Ltd 38,483
↔ Finance Term Lending 74,996 ↓ Power Finance Corpn Ltd 34,424
↔ Bank - Private 62,640 ↑ Axis Bank 30,878
↔ Power 42,323 ↓ LIC Housing Finance Ltd 26,642
↔ Telecommunication 29,839 ↑ State Bank of India 17,535
↔ Engineering - Construction 20,997 *Reliance Jio Infocomm 16,344
*Port 15,923 *Indian Oil Corporation Ltd 15,799
Rs. in crores Rs. in crores
Insights: The Port sector was a new entrant in the top 10 replacing Insights:
. Reliance Jio & Indian Oil Corp Ltd replaced Export Import
Finance-Stock Broking. The exposure towards the Ports sector Bank of India & Aditya Birla Finance Ltd to enter the top 10 list.
increased by 144% as compared to last quarter mainly because of Debt funds increased their exposure towards Axis Bank & Reliance
increased exposure of debt funds in Adani Ports.
Industries by 66% & 59% respectively.
10Category wise average allocation to different rated papers
Top 10 Fund Manger - AUM Wise
AAA
AA & A & Cash
Category SOV & ↔Kaustubh Gupta (Birla) 97,442
Equiv Equiv /Others
Equiv
↔Rahul Goswami (ICICI) 94,620
Banking & PSU 14% 66% 6% 0% 14%
Corporate Bond 18% 72% 1% 0% 9%
↔Rajeev Radhakrishnan (SBI) 79,636
Credit Risk 9% 6% 58% 10% 17%
Dynamic Bond 45% 16% 15% 1% 23% ↔Deepak Agrawal (Kotak) 71,915
Floating Rate 31% 51% 8% 0% 10%
↑ Anupam Joshi (HDFC) 52,771
Gilt 74% 4% 0% 0% 22%
Liquid Fund 3% 9% 0% 1% 87% ↓ Anurag Mittal (IDFC) 49,733
Low Duration 20% 42% 11% 0% 27%
Medium to Long ↔Manish Banthia (ICICI) 46,170
31% 22% 29% 2% 16%
Duration
Money Market 20% 42% 0% 0% 38% ↔Anil Bamboli (HDFC) 43,822
Overnight Fund 0% 0% 0% 0% 100%
*Anju Chhajer (Nippon) 34,014
Short Duration 27% 50% 9% 0% 14%
Ultra Short Duration 15% 43% 8% 0% 34% ↓ Devang Shah (Axis) 32,119
Rs. in crores
Increase from last quarter Decrease from last quarter
Insights: Anju Chhajer (Nippon) replaced Shobhit Mehrotra (HDFC)
Insights: Most debt funds increased the cash components in their to enter the top 10 list. Funds managed by Devang Shah (Axis) grew
portfolio except for Credit Risk, Floating Rate & Short Duration. Only by 13.3% which is the highest growth in that list.
Banking & PSU, Credit Risk, Floating Rate & Short Duration have
increased their proportion towards government bonds.
Average Modified Duration of each category Average YTM of each category
Gilt 4.2 Credit Risk 6.1
Medium to Long Duration 3.6 Medium to Long Duration 5.8
Dynamic Bond 3.2 Gilt 5.6
Banking & PSU 2.3 Dynamic Bond 5.3
Corporate Bond 2.0 Corporate Bond 5.0
Credit Risk 1.7
Banking & PSU 5.0
Short Duration 1.7
Short Duration 4.8
Floating Rate 1.2
Floating Rate 4.8
Low Duration 0.7
Low Duration 4.2
Money Market 0.4
Ultra Short Duration 3.9
Ultra Short Duration 0.4
Liquid Money Market 3.8
0.1
Overnight 0.01 Liquid 3.4
Modified Duration in Years Overnight 3.2
YTM in Percentage
Insights: Except for Credit Risk & Corporate Bond all other Insights: The YTM of Money Market Funds increased by 7%, while
categories have reduced the duration of their portfolio. Ultra Short Credit Risk Funds’ YTM decreased by 18%.
Duration have reduced their duration by 39%, while Credit Risk
have increased their duration by 25%.
11Category Wise Exposure to Liquid Assets
Overnight Fund 100%
Gilt 96% 4%
Liquid Fund 90% 10%
Dynamic Bond 68% 32%
Money Market 58% 42%
Ultra Short Duration 48% 52%
Low Duration 47% 53%
Medium to Long Duration 47% 53%
Short Duration 41% 59%
Floating Rate 41% 59%
Banking & PSU 28% 72%
Corporate Bond 27% 73%
Credit Risk 26% 74%
Liquid Assets Others
Insights: Liquid Fund increased their proportion towards liquid assets by 17% as compared to the last quarter. Dynamic Bond & Medium to Long
Duration decreased their exposure in liquid assets by 4% & 2% respectively.
Category Wise Exposure to Top Rated Assets
Overnight Fund 100%
Money Market 100%
Gilt 100%
Liquid Fund 99% 1%
Corporate Bond 99% 1%
Banking & PSU 94% 6%
Floating Rate 92% 8%
Ultra Short Duration 91% 9%
Short Duration 91% 9%
Low Duration 89% 11%
Dynamic Bond 84% 16%
Medium to Long Duration 69% 31%
Credit Risk 32% 68%
Top Rated Assets Others
Insights: Credit Risk, Low Duration & Floating Rate increased their exposure to top rated assets by 3%, 1.4% & 1.2% respectively, from last
quarter.
.
12Hybrid Schemes
Change in AUM - Open ended Hybrid Schemes (%)
↔ Arbitrage Fund 27.3
↑ Equity Savings Fund 16.6
↔ Conservative Hybrid Fund 12.8
↓ Balanced Advantage Fund 10.5
↓ Multi Asset Allocation Fund 8.6
↓ Aggressive Hybrid Fund 6.8
Insights: Arbitrage Funds continued to remain at the top position from last quarter. The current volatility in the market has induced investors to
invest in Arbitrage Funds. Equity Savings, which saw an outflow last quarter, has jumped to second position in this quarter.
Top 10 Company holding - Debt
Top 10 Company holding - Equity
↔ Axis Bank Ltd 2,512
↓ ICICI Bank 17,070
↑ HDFC 2,448
↑ Infosys 14,499
↓ REC Ltd 1,921
↓ State Bank of India 13,898
↔ ICICI Bank Ltd 1,626
↑ HDFC Bank 10,995
↔ State Bank of India 1,514
↓ Bharti Airtel 8,471
↑ NABARD 1,507
↔ Larsen & Toubro 7,694
↓ Power Finance Corp 1,390
↑ NTPC 7,560
↔ Punjab National Bank 1,189
↔ Reliance Industries 7,489
↔ LIC Housing Finance Ltd 1,168
↓ Axis Bank 6,593
↔ Canara Bank 832
↑ ITC 6,301
Rs. in crores
Rs. in crores
Insights: There was no change in the top 10 list except for some Insights: Axis Bank continues to remain at the top spot from the last
inter change in the rankings. The market value of State Bank of India quarter. The exposure towards HDFC & NABARD grew by 40% and
grew by 90% from the last quarter. 19%, respectively, from the last quarter.
.
13Top 10 Sector holding - Equity Top 10 Sector holding - Debt
↔ Banks 45,444 ↔ Bank - Public 8,156
↔ Software 23,984 ↑ Finance - NBFC 6,876
↔ Finance 14,159 ↓ Bank - Private 5,942
↑ Pharmaceuticals 12,461 ↔ Finance - Housing 4,472
↓ Petroleum Products 12,450 ↑ Finance Term Lending 3,311
↔ Consumer Non Durables 11,641 ↓ Power 2,551
↔ Power 8,964 ↔ Construction - Real… 1,438
↔ Construction Project 7,692 ↑ Finance - Investment 1,256
↔ Telecom - Services 6,903 ↑ Refineries 1,248
↔ Auto 5,796 *Engineering - Construction 663
Rs. in crores Rs. in crores
Insights: : There was no change in the top 10 sectors from last Insights: Engineering - Construction replaced Metals - Non Ferrous
quarter, except for an interchange in their ranking. The Auto, to get a place in Top 10. The exposure towards Finance - NBFC,
Telecom-Service and Finance sectors saw an increase by 12%, 11% Finance - Investment & Refineries grew by 53%, 41% & 40%,
and 10%, respectively, in their market value from last quarter.
respectively, from the last quarter.
Top 10 Company holding (Equity) - Count wise
↔ Infosys 97
↔ ICICI Bank 97
↔ HDFC Bank 94
↔ Bharti Airtel 85
↑ Axis Bank 82
↓ Reliance Industries 81
↑ Maruti Suzuki India 80
*State Bank of India 78
↓ HDFC 76
*Larsen & Toubro 75
No. of schemes holding the stock
Insights: Larsen & Toubro and State Bank of India replaced
Hindustan Unilever and TCS to enter the top list for this quarter. In
this quarter 14 schemes removed Bharti Airtel from their portfolio.
14Notes: All the details are as on 30th June, 2021, unless otherwise specified.
Equity:
1. Only open-ended schemes are considered.
2. Index Funds, International Funds, ETF, FOF, Close ended equity schemes, solution-oriented schemes and 3 ELSS Plans (Closed for
Subscription) are ignored.
3. Outperformance against Benchmark – Top 20 AMC according to highest AUM has been considered
nd
4. Top 10 Fund Managers – For calculation of AUM, 2 Fund Manager / Co Fund Manager has been ignored
5. In & Out - Market Value above 10 Crores has been considered
6. Stocks not held by AMCs - Only the top 500 companies are considered from AMFI Data
7. Market Cap change possibility: Top 500 companies according to AMFI data of Average Market Cap have been considered. This is only a
tentative list.
Debt:
1. Only open-ended schemes are considered.
2. Top 10 Sector and Top 10 Company - We have considered investment in Corporate Debt, Commercial Paper and Floating Rate
instruments only. The rest are excluded from our calculation.
nd
3. Top 10 Fund Manager - For calculation of AUM, Ultra short term, liquid and overnight funds are excluded and 2 Fund Manager / Co
Fund Manager has been ignored.
4. In Category wise exposure to Liquid Assets, Liquid Assets includes government securities and Cash & Others.
5. In category wise exposure to Top Rated Assets, Top Rated Assets include investments in government securities, AAA rated papers and
Cash & Others.
Hybrid:
1. Only open-ended schemes are considered. FOF are ignored.
2. Arbitrage is considered only in debt related tables and graphs
All the data has been sourced from ACE MF and AMFI.
Definition of Large, Mid and Small Cap:
As per AMFI, in terms of full market capitalization, Large Cap companies – 1 to 100, Midcap companies – 101 to 250, Small Cap companies – 251
onwards
Arrow indication: Comparison with last quarter
↑ indicates increase in position
↓ indicates decrease in position
↔ indicates no change in position
* indicates new entrant
Disclaimer: Mutual Fund Investments are subject to market risks, read the scheme related documents carefully before investing. Ventura does not
assure that the fund's objective will be achieved. NAV of the schemes may go up or down depending upon the factors and forces affecting the
securities markets. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.
Further, the information provided is only for internal use by our franchisee and business partner. It is not intended to be used by clients. Returns
shown are only indicative and based on past data. Ventura Securities Ltd, its connected/associated companies, and their respective Directors,
Officers and employees does not represent, warrant and/or guarantee that the integrity of this document has been maintained or that the
communication is free of errors.
The data has been taken from AMFI & ACE MF and is strictly confidential. While utmost care has been taken in preparing the above, however the
content hereinabove is based on information obtained from public sources and sources believed to be reliable, but no independent verification has
not been made nor is its accuracy or completeness guaranteed. The contents mentioned hereinabove are solely for informational purpose and may
not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments.
The products/data mentioned in the document/communication are not exchange traded products and Ventura Securities Ltd. is acting solely as a
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