sbi magnum multicap fund: an open-ended growth scheme - march 17
Post on 22-Jan-2018
559 Views
Preview:
TRANSCRIPT
Product Labelling
This product is suitable for investors who are seeking*: Riskometer
Long term capital appreciation
Investment in diversified basket of equity stocks
spanning the entire market capitalization spectrum to
provide both long term growth opportunities and
liquidity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Introduction
What is a Multi-cap Fund?
Variation in Market Performance
How Capitalization affects Risk & Returns
SBI Magnum Multi-cap Fund - Philosophy
Investment Management Process
Fund Features
Portfolio Holdings
Performance
What is Multi-Cap Fund?
These can invest in stocks across market capitalization. In otherwords, they are market capitalization agnostic.
Diversified across all sizes of investible stocks
Portfolio comprises of large cap, midcap and small cap stocks.
Performance of Midcaps and Large caps can vary significantly over time depending of different phase of the market cycle
S&P BSE Large Cap Outperformance
S&P BSE Mid Cap Outperformance
Variation in Market Performance
Source: Bloomberg, Data from 01.01.2006 to 31.03.2017.Past performance may or may not be sustained in future
-30%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
How capitalization affects risk and returns
Large Caps adds stability of returns and liquidity. Mid and Small Caps add high growth
In
creasin
gExp
ecte
dR
etu
rn
s
Increasing Expected Risk
Large Cap
Mid Cap
Small Cap
Source: Bloomberg, Data from 1st January 2006 to 31st Dec 2016. Average Returns are Average 1 year rolling returns for every year.Past performance may or may not be sustained in future
Returns (CAGR)
Risk (Std.Deviati
on)
Reward/Risk Ratio
S&P BSE Large Cap
13.72% 38.04% 0.36
S&P BSE Mid Cap
19.36% 50.63% 0.38
S&P BSE Small Cap
22.08% 61.01% 0.36
Fund Philosophy
Sector Neutral Portfolio: Achieve the full potential of eachsector with a range of choices across all capitalization
Bottom Up approach for stock selection
Cash calls only for liquidity purpose
Investment Management Process
A portfolio to provide diversification to all market capitalization as well as to maintain a balance of risk & return
All Capitalization stocks for specific sector
Screening & Ranking
Fundamental Analysis
Sector Portfolio
Fund Mandate
Risk Controls
Bo
tto
m U
p P
ro
cess
Top Stocks from each sector portfolio
Fund Features
STYLE BOX
Growth Blend Value
Large
Mid
Small
Source: CRISIL Fund AnalyserRisk Free rate : FBIL Overnight Mumbai Interbank Outright Rate 7.37% as on 31/Mar/2017.Basis for Ration Calculation : 3 Years Daily Data Points
QUANTITATIVE ANALYSIS
Standard deviation 15.32%
Beta# 0.98
Sharpe ratio 1.06
Expense ratio (Regular Plan)
2.12%
Expense ratio (Direct Plan)
1.25%
Large Cap60%
Mid Cap31%
Small Cap5%
Cash4%
Portfolio Holdings
Data as on 31.03.2017
Top Sector Holdings Top 10 Holdings
Stock Name % of Total AUM
HDFC BANK LTD. 4.86
INDUSIND BANK LTD. 3.77
ITC LTD. 3.74
STATE BANK OF INDIA 3.72
MAHINDRA & MAHINDRA FINANCIAL
SERVICES LTD.3.56
INDIAN OIL CORPORATION LTD. 3.50
HCL TECHNOLOGIES LTD. 3.10
KOTAK MAHINDRA BANK LTD. 2.99
EQUITAS HOLDINGS LTD. 2.95
INFOSYS LTD. 2.87
Nature of Instruments % of Total AUM
Financial Services 27.58
Consumer Goods 13.58
Energy 9.94
IT 7.80
Automobile 7.80
Construction 6.02
Pharma 5.63
Metals 3.96
Cement & Cement Products 2.85
Media & Entertainment 2.33
Performance
Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for growth option and inINR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. Additional benchmark as prescribed by SEBI for equity schemesis used for comparison purposes. Performance calculated for Regular Plan Growth Option. Since inception NAV is assumed as 10 Inception Date:29/09/2005
31/03/2016 to 30/03/2017
31/03/2015 to 31/03/2016
31/03/2014 to 31/03/2015
Since Inception
AbsoluteReturns (%)
CAGR Returns (%)
PTP Returns (INR)
SBI Magnum Multicap Fund-Regular-Growth
24.30 1.41 54.70 12.93 40,513
S&P BSE 500(Scheme Benchmark)
24.02 -7.82 33.19 11.73 35,827
S&P BSE Sensex(Additional Benchmark)
16.88 -9.36 24.89 11.29 34,243
-20
-10
0
10
20
30
40
50
60
31/03/2016 to31/03/2017
31/03/2015 to31/03/2016
31/03/2014 to31/03/2015
Since inception
SBI Magnum Multicap Fund - Reg Plan - Growth
Scheme Benchmark: - S&P BSE 500
Additional Benchmark: - S&P BSE Sensex
31/03/2016 to 30/03/2017
31/03/2015 to 31/03/2016
31/03/2014 to 31/03/2015
Since Inception
Absolute Returns (%)CAGR Returns
(%)PTP Returns
(INR)
SBI IT Fund -3.62 -3.34 40.29 12.84 85,354
S&P BSE Information Technology(Scheme Benchmark)
-8.98 -0.14 29.75 12.52 81,117
S&P BSE Sensex (Additional Benchmark)
16.88 -9.36 24.89 11.48 68,783
Past performance may or may not be sustained in future. Returns (in %) other than since inception are absolute, calculated for growth optionand in INR are point-to-point (PTP) returns calculated on a standard investment of 10,000/-. Additional benchmark as prescribed by SEBI for equityschemes is used for comparison purposes. Performance calculated for Regular Plan. Since inception NAV is assumed as 10. Inception date:07/07/2010
Performance of other Schemes Managed by Mr. Anup Upadhyay
NAV of Schemes for which performance is given
Scheme Name 31/03/2017 31/03/2016 31/03/2015 31/03/2014
SBI Magnum Multi Cap Fund - Growth 20.7761 32.14 32.5926 40.5132
SBI IT Fund - Growth 34.5609 48.4937 46.8802 45.1855
SBI Funds Management
63% 37%
India’s premier and largest bank with over 200
years experience (Estd: 1806)
Asset base of USD 465bn*
Pan-India network of ~23,737 branches and
59,137 ATM’s as at end of September 2016
Servicing over 299 million customers
Only Indian bank in Fortune 500 list; ranked
among the top 100 banks in the world
Global leader in asset management
Backed by Credit Agricole and Amundi, the parent
company of Amundi Asset Management listed in
Euronext Paris
More than 2,000 institutional clients and
distributors in 30 countries
Over 100 million retail clients via its partner
networks
USD 1054 bn AuM as at end of September 2016
Ranking No 1 in Europe, Top 10 worldwide #
*Source: SBI Analyst Presentation as on end September 2016. USD 1 = INR 66.66
# Source : Amundi website as on end September 2016
SBI Funds Management: India’s First Bank Sponsored Funds
Source: SBI Funds Management Private Limited, AMFI; Average AUM (AAUM) for the quarter ending on December 31, 2016
A leading asset manager in India
• Expertise in managing assets across mutual funds,
segregated managed accounts, domestic advisory and
offshore advisory business
• Multiple asset classes ranging from equities and debt,
money market to ETFs and structured funds
• Investment team of 33 professionals with strong track
record
• Broad customer base with ~ 5.10 million folios related to
individual, corporate and institutional investors
Broad
Investor
Base
AUM
USD 14.09 bn
Wide
Distribution
Network
Experienced
Investment
Team
Extensive
Product
Range
Broad
Investor
Base
AAUM
Rs. 1,41,552 crs
Wide
Distribution
Network
Experienced
Investment
Team
Extensive
Product
Range
• Mr. Navneet Munot
Navneet joined SBIFM as a Chief Investment Officer in 2008. In his current role as CIO, Navneet is
responsible for overseeing investments across various asset classes worth over USD11 billion. His
prior stint was with Morgan Stanley Investment Management as Executive Director and head- multi
strategy. Prior to Morgan Stanley, Navneet was the Chief Investment Officer - Fixed Income and
Hybrid Funds at Birla Sun Life Asset Management Company Ltd. Navneet was associated with the
financial services business of the Birla group for 14 years and worked in various areas such as fixed
income, equities and foreign exchange.
Navneet holds masters degree in accountancy and business statistics from University of Ajmer and
is a Chartered Accountant from ICAI. He is a charter holder of the CFA Institute, USA and CAIA
Institute, USA. He is also a FRM charter holder of Global Association of Risk professionals (GARP).
• Mr. Anup Upadhyay
Mr. Upadhyay has over 11 years experience with over 6 years of experience in the area of financial
services. He joined SBIFMPL in May, 2007 as an analyst and currently the Head of Research and
fund manager of SBI Magnum Multicap Fund and SBI IT Fund.
Biographies
SBIFM: A Complete Framework
Expertise
Highly experienced team
Strong industry relations
Complete in-house research
Processes
Structured & Disciplined
Rigorous investment templates
Agility with Flexibility
Risk Management
Six member team
Coherent monitoring
Group Advantage
25 years of experience
Both domestic and international strengths
Investors trust
Disclaimer
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
This presentation is for information purposes only and is not an offer to sell or a solicitation to buy any mutual fundunits/securities. The views expressed herein are based on the basis of internal data, publicly available information &other sources believed to be reliable. Any calculations made are approximations meant as guidelines only, which need tobe confirmed before relying on them. These views alone are not sufficient and should not be used for the developmentor implementation of an investment strategy. It should not be construed as investment advice to any party. All opinionsand estimates included here constitute our view as of this date and are subject to change without notice. Neither SBIFunds Management Private Limited, SBI Mutual Fund nor any person connected with it, accepts any liability arising fromthe use of this information. The recipient of this material should rely on their investigations and take their ownprofessional advice
top related