regd. tn/ard/14/09-11, rni no. 55320/94 mfs play safe with
TRANSCRIPT
START-UP FINANCING
new startups without safeguards. PM Modi had, earlierthis week, told bankers to invest in ideas thrown up by thestartups and support theirgrowth.
Funding start-ups“Startup fi�nance is nothing butventure capital fi�nance. Venture capital hasnever been part ofbanking. In VC,the person whotakes the riskprofi�ts if the venture succeeds andsuff�ers losses if itdoes not. Thepresent regulatory frameworkdoes not allow banks the sameprivilege. They do not profi�t ifthe investee venture profi�ts butif it makes losses, the bank losesmoney. There is a big diff�erenceand PSBs defi�nitely are notlooking at funding startups”, aformer chief executive of a PSBtold BusinessLine. In PSBs, the
KR SRIVATS..........................................
New Delhi, November 20
Prime Minister NarendraModi’s vision for banks to support startups by investing inideas needs to be backed by acomprehensive frameworkfrom the Reserve Bank of India(RBI), say banking and fi�nanceindustry experts.
In the absence of such aframework that would, amongother things, cover aspectssuch as NPA recognition andtreatment of startup failures,public sector banks — whichare into mostly assetbasedlending — would not ventureinto supporting startups, experts feel.
The framework should betight and wellthoughtout toencompass all aspects of venture funding so as not compromise and expose thebankers if such investee ventures were to fail due to marketforces. No banker would wantto risk depositors’ money in
monies are that of the depositors and not that of the banker,this expert pointed out.
Venture fundingThere has to be a mechanismwhere the PSBs’ commercialbanking activities are ringfenced from their venturefunding eff�orts, say experts.
One way is to encourage banks tofl�oat their venture fundingentities.
PSBs arepresently not allowed to do direct equity investments instartups. At the
most, they can set up vehiclesthat will do debt funding. Evenhere, except for large banks likeState Bank of India, there hasbeen very little activity by otherPSBs. However, private bankshave in the recent years beentaking equity exposure infi�ntechs and other startups
that they would like to partnerwith.
“Typically, a venture capitalfund spreads its bet among aportfolio of startups and if oneor two among, say ten, becomes a successful enterprise,it is able to recoup the lossesmade in other investee companies in the portfolio. That ishow the world of venture capital works and it will not be easyfor banks to replicate this giventheir lessthanoptimal skillsetsin evaluating enterprises evenif regulations permit them totake equity bets in startups,”said a banking industryobserver.
Srinath Sridharan, CorporateAdvisor and independent markets commentator, said “Thiswould need the banking sectorunder RBI’s leadership to comeup with requisite frameworkwhich encourages entrepreneurship, ideas and reaps benefi�t for all the stakeholders andalso off�ers solutions to any hesitancy factors”, he said.
Banks need a tight framework, say expertsTo cover all aspects of venture funding so as to safeguard bankers’ interests
................BM-BMECMYK
SUNDAY • NOVEMBER 21, 2021
MUMBAI
₹�10 • Pages 12
Volume 28 • Number 321
BENGALURU CHENNAI COIMBATORE HUBBALLI HYDERABAD KOCHI KOLKATA MADURAI MALAPPURAM MANGALURU MUMBAI NOIDA THIRUVANANTHAPURAM TIRUCHIRAPALLI TIRUPATI VIJAYAWADA VISAKHAPATNAM
INSIDE
BIG STORY P2
Retail wayWe demystify the world of government
bonds for retail investors eyeing
the new investment opportunity.
FUND INSIGHT P4
NFO analysisDetailed reviews of Motilal Oswal MSCI
EAFE Top 100 Select Index Fund and
Aditya Birla Sun Life Business Cycle Fund.
CHART GAZING P7
Index outlookAfter giving up two weeks of gains,
will Sensex and Nifty rebound?
Here is what the charts say.
SAI PRABHAKAR YADAVALLI..........................................
BL Research Bureau
Stocks in the pharma andhealthcare space have beenmuch favoured in the rallysince March 2020, buoyed bythe opportunity from the pandemic outbreak. But mutualfunds (MFs) have been selectiveabout picking stocks fromthese segments.
An analysis of shareholdingpattern of pharma and healthcare stocks since March 2020shows that while MFs have increased their shareholding inhospitals and certain largecappharma companies, holdingsin diagnostic labs have seen adecline, as valuations skyrocketed.
Interestingly, the muchtrumpeted China +1 and importsubstitution in API have foundonly a mixed and lukewarm interest from MFs. Their shareholding in custom synthesiscompanies — which have traditionally attracted high interestin the last decade — has alsoshrunk since the Covidoutbreak.
Large-cap gainers, losersMF shareholding in largecappharma stocks acceleratedfrom March 2020, as the defensive play on Covid boosted thetrend which had started since2015.
Holdings in largecaps suchas Lupin, Sun Pharma and DrReddy’s, improved from a rangeof 3.23.5 per cent in December2015 to 8.810.9 per cent inMarch 2020 and further to 11.713.3 per cent by September 2021(latest available data). These institutional investors may have
positioned themselves for therejuvenated product profi�le ofspeciality products at SunPharma and complex portfolios of Lupin and Dr Reddy’s,which are driving the next legof earnings growth.
On the other hand, otherlargecaps such as AurobindoPharma and Cadila, which invested in vaccine development(without a strong outcome sofar) and Cipla, which had highMF participation by March2020 itself, have witnessed amoderate tapering off� in MFshareholding since March2020.
Biocon, another largecapstock too, saw a decline in MFshareholding. Biosimilars gaining traction in a marketplacehampered by Covid restrictions
could have impacted growthassumptions.
Shareholdings down
Valuations of API and bulk drugmanufacturers such as LaurusLabs, Granules and NeulandLabs improved signifi�cantly,postCovid. China +1 and import substitution were cited asthe key themes for the sharp rerating in stocks in thesesegments.
MF shareholding in thesecompanies, however, does notrefl�ect such optimism, withholdings for the group hovering around 0.82.6 per cent bySeptember 2021. In contrast, theaverage MF holdings in largecap pharma and Indianpharma stocks stood at 10 percent and 8 per cent, respectively.
MF shareholdings in Granules and Shilpa Medicare,which was negligible in Marchend 2020, increased only toaround 2 per cent each bySeptember 2021. Laurus, Neuland and Aarti Drugs saw holdings decline by 1.22.1 per centrange in the period.
Focus on essential serviceSimilarly, research and API development companies, including Divi’s Lab, Syngene, JubilantPharmova, and Dishman Carbogen, have been seeing strongbusiness trends in the last fewyears, uninterrupted by Covid.
But MF shareholding in thesecompanies shrank by 1.16.6 percent from March 2020 toSeptember 2021, fuelled by thesharply increasing valuations
from Covid lows. Unfazed by theloss of regular treatmentvolumes, focus on the ‘essentialservice’ nature of the hospital industry saw MF shareholding inthis segment spike in the threemonths from December 2019 toMarch 2020 as the pandemic unfolded.
The shareholding further rosefrom March 2020 to September2021 for Narayana Hrudayalaya,Fortis, Aster DM and Kovai Medical by 1.77.3 per cent. MFs may bebetting on a higher healthcarepenetration post the pandemicalong with increased insurancecover to be able to pay for the facilities and treatment provided.
Hospitals, mostly a maturesegment, trade at 1520 times theoneyear forward EV/EBITDAcompared to diagnostic labs (organised diagnostic chains are relatively nascent) which trade at40 times on the same metric. Thevaluation diff�erence could beone of the reasons for MFs booking profi�ts in diagnostic chains,even as the end market characteristics are similar across thesegments.
Of the three listed players, DrLal Path labs and Thyrocare Technologies saw their MF shareholdings halve to around 4 per centby September 2021 from March2020.
Holdings in MetropolisHealthcare, which saw an increase postCovid (from 6 percent in March 2020 to 12 per centin June 2020) came down to 9per cent by September 2021. Valuations moving up from 26 timesthe oneforward EV/EBITDA inApril 21 to 36 times recently mayhave again, tempered institutional investor interest in Metropolis Healthcare.
MFs play safe with healthcare stocksMutual funds did not capitalise on returns from APIs, research and diagnostics segments
has been decided to resumecooked food services ontrains, along with readytoeat (RTE) meals, the Ministryof Railways wrote in a letterto IRCTC.
Further, prepaid cateringservices with optout optionwould be restored onpremium trains, the Ministry told IRCTC.
OUR BUREAU..........................................
Mumbai, November 20
Indian Railway Catering andTourism Corporation Ltd(IRCTC) has resumed cookedfood services on trains afterthe Ministry of Railwaysscrapped its decision to terminate all contracts of mobile catering for supplyingcooked food to passengersprepared from base kitchens.
The move follows resumption of normal train servicesfrom November 12 withabout 23.26 lakh reservedpassengers booked a day.
In view of the resurgenceof rail travel and easing ofCovidinduced lockdown restrictions in eateries, restaurants, hotels and such otherplaces across the country, it
IRCTC resumes cookedfood supply on trains
The move follows resumption
of normal train services from
November 12
MEENAKSHI VERMAAMBWANI
..........................................
New Delhi, November 20
Your daily cuppa is coming infor a lot of surveillance withthe Food Safety and Standards Authority of India (FSSAI) directing State foodsafety commissioners to ensure that companies are complying with standards forpackaged coff�ee products.
Woe betide if a coff�eeproduct blended withchicory carries the label“pure”.
The perfect brewRegulatory action would betaken against errant foodbusiness operators as labelling norms state that theterm “pure” can only be used
to describe single ingredientfood products.
According to the norms,coff�ee content in the coff�eechicory mixture should notbe less than 51 per cent bymass and the permissiblelimit of chicory content insuch mixtures is at 49 percent.
Every packaged coff�eeproduct also must display onits label the percentage con
tent of coff�ee and chicory“separately”. Also, if a coff�eeproduct has a blend ofchicory, it cannot use theterm “pure coff�ee”.
The direction from thefood safety authority comesafter certain coff�ee products,which are blended withchicory, were found to be inviolation of the standards.
“It has been observed thatthe products available in the
market are in violation ofthese provisions and areeither depicting coff�eechicory mixtures as “pure coffee” or are not declaring percentage content of coff�ee andchicory separately in the mixtures,” the FSSAI stated in itsletter.
Outcry against blendsFood Safety Standards (FoodProducts Standards and FoodAdditives) Regulations outline standards for coff�ee andcoff�eechicory mixtures “distinctly”, the regulator added.
Coff�ee planters in theSouthern region have beenagainst blending and urgingauthorities to reduce the permissible content of chicoryallowed in such mixtures forsome time. The FSSAI has also
been deliberating on a proposal to increase the coff�eecontent in the coff�eechicorymixture to 70 per cent and reduce the permissible contentto 30 per cent from the current 49 per cent.
A matter of tasteAddition of chicory, which isa French root, makes the coffee thicker and gives it awoody fl�avour. The practiceof adding chicory to coff�eebegan in Europe, especiallyduring war time when therewas rationing. It is conjectured that the British introduced the coff�eechicoryblend into India. But now theCoff�ee Board wants to ensurethat people are aware of whatthey are consuming andhence the labelling norms.
FSSAI wants to filter out chicory from ‘pure coffee’ labelsThe term ‘pure’ can only be used to describe single ingredient products and not blends, it says
A chicory plant with fl�owers and a cup of piping hot coffee
HARI VISWANATH..........................................
BL Research Bureau
Investors can considerbooking profi�ts in thestock of Persistent Systems. On the back of goodgrowth, the stock has returned 271 per cent in thelast one year and around asignifi�cant 475 per centfrom its preCovid highsin February 2020.Following this, itnow trades at arich valuationof 41.9 times itsnext twelvemonth EPS,which is now at asignifi�cant 140 percent premium to its 5year average and 81 percent premium to its 2yearaverage.
While growth has alsoaccelerated in recent quarters and outlook is solid,given heightened valu
ation, investors are betteroff� booking the profi�ts
and cashing in on thegains. Infl�ationary
pressures andpull back ofmonetarystimulus arean overhang
on macroeconomic drivers
for the next twoyears. Impact of stimu
lus unwinding on stockmarket valuations is alsoan important factor toconsider. Thus, at currentlevels the stock off�ers nomargin of safety for therisks that may play out.
Persistent Systems: Book profits
OUR BUREAU..........................................
Mumbai, November 20
Reliance Industries Ltd (RIL)said it will be Saudi Aramco’s“preferred partner” for investments in India’s private sectorafter the Mukesh Ambaniledfi�rm and the world’s biggestoil producer “mutually”called off� more than twoyearsof talks to sell a 20 per centstake in its oil to chemicals(O2C) business for $15 billion.
With the potential deal off�the table, Reliance Industrieshas also decided not to pursuethe application fi�led with theNational Company LawTribunal (NCLT) for separating the O2C business from RILand is being withdrawn, Reliance Industries said in a statement.
Oiltochemicals is the mostvaluable part of RIL’s business. Though the deal didn’t
materialise, Reliance said itwill also collaborate withSaudi Aramco and SABIC forinvestments in Saudi Arabia.
Re-evaluating the tie-upThe two fi�rms have decided to“reevaluate” the potentialpartnership in the light of thechanged scenario with Reliance announcing ambitious
plans on new energy and materials businesses in line withthe global push towardsgreen energy to combat climate change.
Reliance has unveiled plansto develop Dhirubhai AmbaniGreen Energy Giga Complexat Jamnagar, where the company’s refi�nery is located.
“Saudi Aramco could be interested in investing in someof those areas,” a source familiar with the matter said. “Potential deals could be far bigger than the $15billionAramco was looking to investin the O2C business,” thesource said.
“Reliance is not departingfrom the partnership withSaudi Aramco,” the sourcessaid. “Reliance is recalibrating its engagement with Aramco in the changed environment. It will look at ways towork together in a changed
scenario,” the source said.Reliance O2C Ltd — the
whollyowned refi�ning, marketing and petrochemicalssubsidiary — was being carvedout of Reliance Industries,with assets worth $42 billionto be funded by a longterminterest bearing loan of $25billion by RIL to O2C alongwith equity of $12 billion.
RIL will be Aramco’s ‘preferred partner’for investments in India’s private sectorO2C deal talks abandoned; withdraws NCLT application for segregating O2C business
Reliance said it will also
collaborate with Saudi Aramco
and SABIC for investments
in Saudi Arabia
VENKATESHA BABU ..........................................
Bengaluru, November 20
Wipro, a leading technologyand services consulting company, said its growth strategywould focus on winning largedeals by expanding the market share of its $200 and $300million accounts.
Addressing the annual investors day virtually, the company’s CEO & MD ThierryDelaporte, outlined his visionof ‘New Wipro’ which wouldoutpace market growth by being more connected, agile,proactive and problemsolving for its clients. Pointing outthat Wipro’s annual revenuerate had surpassed $10 billion,Delaporte said, of that runrate, $2.4 billion was added injust the last 12 months.
Details p12
Delaporte’s ‘NewWipro’ to focuson big deals
Regd. TN/ARD/14/09-11, RNI No. 55320/94
AARATI KRISHNAN..........................................
Are you a retail investor whohas been feeling the lack oflongterm options to parkyour safe debt money? Thenyou may see opportunity in
the new avenues being opened up togrant options to retail folk to invest ingovernment bonds.
Having opened an account to participate in government securities throughyour stock broker NSE goBID or the latestRetail Direct platform from the RBI, howshould you participate in the market?
We demystify the world of government bonds.
What’s on the menu Just like in the stock market, the marketfor government bonds is categorisedinto the primary and secondary segments. Unlike varied company promoters who sell shares through IPOs,there’s only one authorised seller fornew issues of government bonds — theReserve Bank of India. The RBI conductsperiodic auctions of government securities in which institutions such as banks,insurance companies and providentfunds participate. Retail investors canbuy Gsecs in these auctions throughnoncompetitive bids under a specialquota, subject to a minimum of ₹�10,000and a maximum of ₹�2 crore.
The key instruments available are Government of India Treasury Bills (Tbills),Government of India dated securities (Gsecs), Sovereign Gold Bonds (SGBs) andState Development Loans (SDLs). Tbillsare issued when the Central governmentwishes to borrow for 91day, 182day and364day periods. Dated Gsecs and SDLsare issued for tenures from 1 to 40 years.
How primary auctions workUnlike IPOs, which may pop up anytime,RBI’s primary auctions stick to a specifi�ccalendar, so you can plan yourpurchases well in advance. Fordated Gsecs, RBI publishes its auction calendar six months aheadhere: https://tinyurl.com/rbigsecsYou can fi�nd its quarterly calendarfor Tbill auctions here: https://tinyurl.com/rbitbills
Once you log on to your Gsec tradingplatform, you are presented with a list ofgovernment securities currently beingauctioned.
Tbills are off�ered at a discount to theirface value which represents the returnyou get. If a 182day Tbill with a facevalue of ₹�100 is off�ered at ₹�98, your yieldon it is 4.09 per cent (2/98 * 365/182). Butauctions of Gsecs may be yieldbased orpricebased. New Gsecs are generally issued through yieldbased auctions,where investors bid based on thecoupon rate that they’d like to demand
from the government. The lowestcoupon at which an auction gets fullysubscribed is taken as the cutoff� yieldand becomes the interest rate on thebond. The RBI also conducts pricebasedauctions when it reissues older Gsecs.In competitive bidding, all institutionswho bid below the cutoff� yield or abovethe cutoff� price bag allotments.
As a retail investor, you are required tobid at cutoff� yields/prices decided by institutions and will be allotted bonds atthe weighted average price that emerges
from competitive bidding.If the weighted average price is
higher than the cutoff� rate, thenyou may have to shell out slightlymore than the face value to acquire your Gsecs, which is collected as the excess markup.
Secondary market tradesCCIL’s Negotiated Dealing System OrderMatching or NDSOM is the platform onwhich secondary market trading in government bonds takes place. Even telephone trades are captured here. This is,therefore, the platform you need to logon to for information on the latest market action, prices and liquidity in government bonds.
The NDSOM off�ers two segments — aRegular Market and Odd Lots segment.As the minimum lot size for trading inthe Regular Market is ₹�5 crore, it is the
Odd Lots segment (trades below ₹�5crore) that is key for retail investors looking to dabble in Gsecs.
Just as you can track live marketquotes for stocks you’re looking to buyon BSE or NSE, you can track live marketquotes for Gsecs, Tbills and SDLs onNDSOM during market hours here:https://tinyurl.com/ccilindia
To buy and sell securities, you’ll fi�rstneed to understand the nomenclatureused. Central government bonds are described using their coupon rate and maturity year. The current 10year Centralgovernment bond is described as0610GS2031 — 6.10 per cent is the couponrate and 2031 is the maturity year. Whilefi�xed rate bonds are described usingtheir coupon rates, fl�oating rate bondsare described simply as FRBs. Tbills follow a slightly diff�erent nomenclature,with their tenor (and not coupon) featuring in their description. So,091DTB17022022 is the 91day treasurybill maturing on February 17, 2022. Descriptions for SDLs carry additional information on the States issuing them.
The NDSOM home page lists all the securities traded for the day, with theopen/high/low, last traded price (LTP)and last traded yield (LTY), along with individual order books. Securities that areactively traded in the regular marketmay not trade on odd lots and prices andyields may vary between the two.
The safe way to bondWe demystify the world ofgovernment securities forretail investors looking atthe opportunity
................BM-BME
Readers can share their views and suggestions in the comments section on our website (thehindubusinessline.com/portfolio/), mail them to [email protected], or tweet to us @BlPortfolio
CMYK
BIG STORY2MUMBAI
BusinessLineSUNDAY • NOVEMBER 21 • 2021 BLPORTFOLIO
Scan & Share
SATYA SONTANAM..........................................
BL Research Bureau
The recently launched RBI Retail Direct platform facilitates buying and selling ofgovernment securities by re
tail investors. Under this scheme, retail investors can open a gilt securitiesaccount, i.e. a “Retail Direct Gilt (RDG)”account directly with the RBI, free ofcost. The account off�ers access to various Central government and Stategovernment securities, Tbills and sovereign gold bonds (SGs).
Here’s taking a look at how the account works, its features and how itfares compared to other existing investment platforms that facilitate retail investments in Gsec.
Primary and secondary markets The RDG account allows investors toplace noncompetitive bids in theprimary issuance of all Central government securities (including Treasury Bills) and those issued by variousState governments. The indicativeyield on the security will be displayedon bidding. The RBI conducts auctions when the government wants toborrow and 5 per cent of the borrowing amount is reserved for retail investors under the noncompetitivebidding.
Under this segment, retail investorsdon’t have the option to decide theprice/yield of the security and canonly bid the investment amount. Theallotment under this segment is at theweighted average rate that emerges inthe auction on the basis of competitive bidding by large investors.
Only one active bid will be allowedper retail client in the noncompetitive portion for respective securitywith minimum investment of₹�10,000 (face value) and maximum of₹�2 crore. Once the bid is placed, itcould be amended or withdrawn anytime before the bid closing period —an issue is generally open for two tothree working days. Also, payment for
the bid — based on indicative price, accrued interest, if any, along with amarkup (₹�500 to ₹�1,000 for a bidamount of ₹�10,000 and increaseswith the bid amount) for protectionagainst any adverse price movement— has to be made before the bid closes.Otherwise, the bid will be cancelled.Once the allocation is made, any excess amount taken in the form ofmarkup will be credited to the investor’s bank account linked to theRDG account.
The RDG account also provides access to secondary market tradingthrough “NDSOM” — the centralbank’s screenbased electronic ordermatching system. The retail direct investor can trade in government securities in the retail portal (Odd Lot segment) on this platform withminimum trading lot of ₹�10,000.
By providing access to NDSOM, India has now become one among fewcountries that allow retail investors totransact on the central bank’s tradingplatform, which is currently accessible to institutions such as banks, insurance companies, foreign investorsand pension funds.
Note that before initiating a buytrade on NDSOM, the investor shouldhave adequate funds in the current account of the Clearing Corporation.The funds to this account can be transferred using net banking or UPI facility provided with the RDG account.Similarly, while selling a security before its maturity on the trading platform, the investor must possess the security in their gilt account.
Any interest or the maturity proceeds on the securities held by an investor as on the due date will be automatically credited to the bankaccount linked to the RDG account.
KYC and processAll individuals, including nonresidents and minors (through guardians),can open an RDG account. The onboarding process is not easy though itcan be done completely online. Unless
one opts for offl�ine KYC, the KYC as perRBI guidelines is based on the centralKYC records (CKYC) maintained withCERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest of India).
In case of any mismatch/unavailability of CKYC records with actual records, the already lengthy KYC processgets even more delayed.
The prerequisites to open an RDGaccount include PAN, Aadhaar, rupeesavings account, email ID and mobilenumber. Keeping scanned documents of PAN, Aadhaar, cancelledcheque and signature comes in handywhile opening the account. It is mandatory for the investor to fi�ll in thenomination details at the time of
opening the account. After KYC isdone, the login details will be mailedto the registered mail ID in 24 hours.In case of a joint account, KYC verifi�cation has to be done for both the account holders.
While the account is opened withthe RBI, the securities bought throughthe account — primary or secondary —will be maintained with the ClearingCorporation of India, which is responsible for settling transactions undertaken on the platform.
Once the account is opened, youcan bid and invest in the securities issued in the primary market. To participate in the secondary market, onehas to request access to NDSOM platform, up on which Clearing Corpora
tion ID will be assigned. This, again, istimeconsuming — at least as of now —as the credentials are not beingshared for a couple of days.
In addition to bidding and secondary market access, the platformprovides information about the holdings on a daily basis, transaction history including bidding, funding, allotment and refund and corporateactions on the government securityinvestments, such as distribution ofcoupons and redemption proceeds.
Retail direct investors will also benotifi�ed about such updates throughmessages on their registered mobileand email ID. Periodic statements onholdings will also be provided.
Besides, the account facilitates creating of pledge/lien on the government securities in its RDG account,conversion of holdings in the RDG account to demat securities and viceversa and gifting the securities inone’s name to others.
For support, one can reach out to1800 267 7955, which seems to be quite
receptive, or write to support@rbiretaildirect.org.in. Investors can alsolodge a complaint, for which neatlycategorised heads such as KYC,primary/secondary access, allotments, refunds, coupons, etc., aregiven.
What’s new?Over the years, the entire process of retail investors buying Gsecs in theprimary market has become a lotsimpler.
Now, one can participate in the Gsec auction in the primary marketthrough a demat account. ICICI Securities, HDFC Securities, Zerodha andNSE’s goBID are a few that allow investments in Gsec.
The RDG account — in spite of complex KYC and delay in granting access— scores well mainly on two aspects.Firstly, not all existing platformsprovide access to State DevelopmentLoans (SDLs) and hence this is a positive. Secondly, the RDG account facilitates trading on RBI’s NDSOM retailsegment.
Usually, if you have a gilt accountwith banks or primary dealers (PDs),you can request them to place your order or provide access to NDSOM. TheRDG account now comes with directaccess to the page. Otherwise, to buy/sell the Gsec in the secondary market,one has to approach the stock exchange where the Gsecs are listed butwith poor liquidity.
The liquidity on the retail segmentof NDSOM platform is also currentlychallenging. Joydeep Sen, an independent debt market analyst, says thesuccess of the RDG account hinges onhow well liquidity is improved,providing access to retail investors.
The other benefi�ts with RDG account include no requirement of demat account and low/no cost of transacting compared to others. No fee ischarged to open and maintain RDGaccount with the RBI. Nominal fee forpayment gateway, as applicable, willhave to be borne by the investor.
Nuts and bolts of Retail Direct Gilt account
This way, to the platform
(top) Dashboard showing list of
primary market issuances, bid entry
and bidding history
(left) Web screen for secondary market
access of government securities —
NDS-OM — for retail investors
When choosing which government bonds to invest in, threefactors need to go into the decision.
1TENUREThe tenure or maturity period is a big infl�uence on thereturns you make from a bond. So, how do you decide
whether to buy a 91day Tbill or a 20year Gsec? Well, you canbase this decision on three variables.
One, you can simply match the tenure of the bond to yourfi�nancial goal. If you’re looking to save towards expensesplanned in 3 months’ time, a 91day Tbill will suit you. If you’relooking to park money towards retirement, a 20year Gsecmay fi�t the bill.
Two, your choice should depend on whether you expectmarket interest rates to move up or down from here. Wheninterest rates move up, prices of older bonds can fall as buyersrush to buy newer bonds with better coupons. The longer thetenure of a bond, the more sensitive it is to rate upmoves.Interest rates, like the Sensex, move in cycles. To gauge ifmarket interest rates are at a low or a high, it is useful to referto historical trends in RBI’s repo rate and the market yield ofthe 10year government bond.
In the last 20 years, RBI repo rates have demonstrated arange of 4 per cent to 8 per cent, and the 10year Gsec hasswung between 5.8 per cent and 9.1 per cent. Today, with therepo rate at 4 per cent and the 10year Gsec at a yield of 6.3 percent, we are clearly closer to the bottom end of this range. Thismakes shorter bonds more attractive than longterm ones.
Three, you can consider the shape of the yield curve todecide on tenure. Usually, stretching your bond tenure entailshigher risk (as rates may move up and the buyer may default).Therefore, it makes sense to prefer, say, a 20year bond over a10year one only if the former off�ers a much higher yield thanthe latter. Today, for instance, while a 364day Tbill off�ers ayield of 4.03 per cent, the 3year Gsec off�ers 5.09 per cent, the5year Gsec 5.68 per cent and the 10year Gsec 6.36 per cent.Essentially while you earn 106 basis points more in interest byopting for a 3year tenure instead of 1year, there’s only a59basis point benefi�t in stretching your tenure from 3 to 5years. To minimise risk, you may prefer the 3year.
2TYPE OF BONDWhile there’s not much to choose between a Tbill and aGsec as both are issued by the Centre, you need to be
more choosy while opting for SDLs. SDLs are typically pricedbased on the fi�nancials of the State that is issuing them, afterfactoring in variables like its latest fi�scal and revenue defi�citposition, its ability to raise tax revenues and its borrowingplans. If you aren’t confi�dent of putting in this homework, themutual fund route to participating in SDLs is better.
3LIQUIDITY CHECKUnlike shares, government bonds in India do not carryhigh secondary market liquidity, especially for investors
in the Odd Lots segment. Whilst buying government bonds,therefore, it pays to be prepared to hold till maturity (whichalso helps avoid rate risk). In case you plan to exit early, youmust check out the number of trades and total traded amountof the bond on NDSOM. Typically, the most recently issued10year, 5year and 3year Gsecs corner over 7080 per cent ofthe trades by volume and value. Tbills and SDLs register farlower trading volumes than longtenor Gsecs. Time decay mayreduce liquidity too. You can fi�nd a list of all outstandinggovernment bonds whether traded or not, here:https://tinyurl.com/govtbonds. Bonds with a higheroutstanding quantity are likely to be more liquid.
- AARATI KRISHNAN
What to consider
Please let me know whether tax audit u/s. 44AB read withsection 44AD is applicable for A.Y. 202122, for claimingloss from futures & options (derivatives) business of ₹�1lakh on turnover of ₹�5 lakh and interest income of ₹�7lakh? Also, how to carry forward unabsorbed loss under'income from house property (self occupied)' whereinterest on home loan exceeds ₹�2 lakh as the systemignores excess interest while uploading ITR3?
TINA B
For the purpose of analysing the applicability of tax auditrequirement u/s 44AB of the Incometax Act, 1961 (‘theAct’), the turnover is required to be determined. As perthe guidance note on tax audit issued by the Institute ofChartered Accountant of India, turnover in case ofdealing in futures and options shall include thefollowing:
a) Total of favourable and unfavourable diff�erencesb) Premium received on sale of optionsc) In respect of any reverse trades entered, the
diff�erence thereonAs per the provisions of Section 44AB every person,
carrying on business shall be required to get his accountsaudited for such fi�nancial year by a CharteredAccountant before the specifi�ed date, if total sales,turnover or gross receipts (as applicable), in businessexceed ₹�1 crore in any previous year. The said limit of ₹�1crore is substituted with ₹�10 crore in case the cashreceipts do not exceed 5 per cent of the total sale/turnover/ gross receipts and the cash expenditure doesnot exceed 5 per cent of the total payments.
As per the provisions of Section 44AD , in the case of aneligible assessee engaged in an eligible business(turnover not exceeding ₹�2 crore and not into thebusiness of plying, hiring or leasing goods carriages), asum equal to 8 per cent (6 per cent in respect of amountreceived by way of A/c payee cheque/ A/c payee bankdraft/ electronic clearing system) or a sum higher thanthe aforesaid sum shall be deemed to be the profi�ts andgains of such business chargeable to tax under the head"profi�ts and gains of business or profession".
As per the guidance available on portal of income taxdepartment, a person can declare income at lower rate(i.e. at less than 6 per cent or 8 per cent), however, if hedoes so and his income exceeds the maximum amountwhich is not chargeable to tax, then he is required tomaintain the books of account as per the provisions ofsection 44AA and has to get his accounts audited as persection 44AB. In the instant case, since the income (beingloss) from Future & Options is less than 8 per cent / 6 percent and the total income chargeable to tax is exceedingthe maximum amount not chargeable to tax, you wouldbe required to be audited u/s 44AB of the Act .
As per the provisions of Section 24(b), deduction onaccount of interest on housing loan in case of aselfoccupied property is restricted to ₹�2 lakh and henceloss under house property for a self occupied propertycannot exceed ₹�2 lakh. Accordingly, any interest paid inexcess of ₹�2 lakh is neither eligible to be setoff� againstother heads of income nor allowed to be carried forwardfor future assessment years. Hence in the instant case,interest paid in excess of ₹�2 lakh, shall not be allowed tobe carried forward to the future assessment years.
TAXQUERY SANJIV CHAUDHARY
The writer is a practising chartered accountant
Send your queries to [email protected]
................BM-BME
KEERTHI SANAGASETTI..........................................
BL Research Bureau
The RBI recently launched an integrated ombudsman to strengthen theexisting grievance redressal mechanism for consumers of banks, NBFCsand payment system operators. Hereare fi�ve things that have changed forconsumers relating to the ombudsman scheme.
Single-window coverageEarlier customers had to approacheither the Banking Ombudsman, Ombudsman for NBFCs, or the Ombudsman for Digital Transactions, depending upon who they wished to raisecomplaints against whether theywere grieved by a bank, NBFC or Nonbank System Participants (such as issuers of PrePaid Instruments). Butnow under the integrated ombudsman scheme, the earlier three ombudsman schemes have been unifi�edinto one.
Customers can now complainagainst any covered fi�nancial institution on the portal (https://cms.rbi.org.in), or email to([email protected]) or send physicalcomplaints to Centralised Receipt andProcessing Centre of the RBI at Chandigarh, in a prescribed format. Additionally, a contact centre with a tollfree number – 14448 (9:30 am to 5:15pm) – is also being operationalized inHindi, English and in eight regionallanguages to begin with and will be
expanded to cover other Indian languages in due course. The contactcentre will provide information or clarifi�cations regarding the alternategrievance redress mechanism of RBIand guide customers in fi�ling acomplaint.
Besides NonScheduled Primary Cooperative Banks with a deposit size of₹�50 crore and above have been addedto the ambit of the integrated ombudsman now. The earlier schemescovered only all scheduled commercial banks, regional rural banks andscheduled primary cooperativebanks (under the Banking ombudsman Scheme), all deposit takingNBFCs and nondeposit taking NBFCswith an asset size of ₹�100 crore andabove (under the OmbudsmanScheme for NBFCs) and nonbank system participants regulated by the RBI(under the Ombudsman for DigitalTransactions).
Uniform jurisdictionHitherto customers were required tofi�le their complaints under the correctscheme and with the correct ombudsman’s offi�ce, based on the territorialjurisdiction with reference to thebranch of the entity being complained against, failing which the
complaint would be rejected. Nowapart, from integrating the schemesacross regulated entities, the RBI hasalso done away with the jurisdictionof each ombudsman offi�ce.
The receipt of all complaints andinitial processing shall be centralizedat the offi�ce at Chandigarh, to imparteffi�ciency in the process. The integrated ombudsman shall from now onact as a single point of contact for theaggrieved customer, compared to theerstwhile territorial and schemebased jurisdiction which was a usualground for rejection of claims.
Wider grounds of complaintEarlier the separate ombudsmanschemes specifi�ed certain defi�cienciesin services, on which customers couldlodge complaints with the ombudsman. With limited grounds of complaints specifi�ed, one could not complain against any grievance not listedunder the erstwhile schemes. Now theintegrated scheme defi�nes ‘defi�ciencyin service’ as the ground for fi�ling acomplaint, with a specifi�ed list of exclusions ( such as dispute betweenregulated entities or one involving anemployer employee relationship, orrelating to any service not within thepurview of the RBI). Henceforth, com
plaints would no longer be rejectedsimply on account of not beingcovered under the grounds listed inthe scheme. Customers can nowthrough the integrated scheme, seekredressal for any defi�ciency in service,if the same is not resolved to the satisfaction of the customer or not repliedto, within a period of 30 days by theregulated entity.
No differential compensationThe erstwhile ombudsman schemeshad specifi�ed limits on the compensation provided to the complainant. TheAward under the schemes were limited to the amount arising directly outof the act or omission of the regulatedentity or ₹�20 lakh (in the case of banksor nonbank system participant),whichever is lower. The said limit waslower at ₹�10 lakh in the case of thecovered NBFCs, under the Ombudsman Scheme for NBFCs.
This diff�erential treatment has nowbeen streamlined under the integrated scheme. Now on, for any consequential loss suff�ered by the complainant, the Ombudsman shall havethe power to provide a compensationup to ₹�20 lakh. That apart, up to ₹�1lakh can also be awarded for the lossof the complainant’s time, expensesincurred and for harassment/mentalanguish suff�ered by the complainant,as was available in the erstwhileschemes.
AppealThe ombudsman schemes permittedcustomers to appeal against theaward of an ombudsman or for the rejection of a complaint, to the appellate authority within 30 days. The appellate authority was vested with theDeputy Governor of the RBI in chargeof the department implementing theerstwhile schemes.
Now under the integrated scheme,customers can fi�le the appeal usingthe same portal. That apart, from nowon the Executive Director inCharge ofthe department of the RBI administering the Scheme, shall be the AppellateAuthority.
5 changes in the ombudsman schemeNow, a single point of contact for customers against all grievances with expanded scope
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DUE DILIGENCE
FAIR DEAL
The integratedscheme defines‘deficiency in service’as the ground forfiling a complaint,with a specified listof exclusions
DOROTHY THOMAS..........................................
Did you know that having two Employee Provident Fund (EPF) accountsis against the rules? Whenever there isswitch of job in pursuit of better opportunities or any other change, employees must get respective EPF accounts transferred to the newemployer immediately. Also, such merger of accounts will ensure there is nogap in employment.
Why one accountThe EPF rules are very clear that a singleemployee shall not have more thanone EPF account or UAN.
While having two EPF accountsneither attracts penalty or punishment per se, it comes with certain crucial implications where the erstwhileUAN account will be tagged ‘dormant’due to nonuse and will fail to accrueany interest.
It is also important to ensure all accounts are merged for the purpose ofavailing income tax benefi�ts. Withdrawal from EPF account is exemptedfrom tax after 5 years of continuous service which is calculated from the dateof joining the EPF scheme to the date ofwithdrawal.
The UAN (Universal Account Number) is a 12digit number allotted by theEmployee Provident Fund Organisation (EPFO) to every employee with aProvident Fund account.
Once allotted, an employee’s UAN remains the same irrespective of jobchanges. However, there may be various reasons for allotment of an additional UAN/ EPF account to an employee, which includes nondisclosureof existing UAN/ EPF account.
When an employee switches his job,he/she has to disclose his existing UANand EPF account number (Member ID).If he/she does not give these details, thenew employer opens a new EPF account for nonfurnishing of “Date ofExit” by the previous employer. Everyemployer has to mention the date ofexit of the employee in the ECR (Electronic Challan and Return) during the
employer’s monthly fi�lings with theEPF authorities.
Merging processAn employee can have two or more ofhis UAN / EPF accounts linked by eithermaking a request for it personally orvia email. You can contact the EPFO offi�ce by sending an email touanepf@epfi�ndia.gov.in and informing the existing company about merging the old and new EPF accounts. TheEPFO will verify your UAN numbersonce they receive your application.Once verifi�cation is complete, the EPFOwill merge and block your old UAN.
Alternatively, you can fi�ll up and sub
mit the EPF transfer Form 13 which isavailable with the EPFO (can be availedonline or offl�ine). The process is simpleand easy and it takes a maximum of 20days to reflect the merging of the accounts from the date of submission.
Apart from these two ways, the EPFOonline portal provides an option of“One Employee – One EPF Account”.Upon selecting the same, the user willbe permitted to submit request formerging his/her UAN accounts. Youmust enter your registered mobilenumber and UAN. You will then receivean OTP on your registered mobilenumber.
You can then view details of your oldEPF account and initiate transfer offunds from your old EPF account toyour new EPF account.
Note that, for merging of EPF accounts, an employee must have an active UAN which is linked to his/her existing EPF account, completed KYC byproviding necessary details whichwould entail linking of email toAadhaar, verifi�cation of PAN, Voter IDand bank details of the employee.
A new UAN must be assigned by theEPF offi�ce (EPFO) after KYC verifi�cation.The employee should wait for at leastthree days post activation of the newUAN prior to merging the EPFaccounts.
The writer is Partner, Shardul Amarchand
Mangaldas & Co.
One employee, one EPF accountHere’s why you need to merge your diff�erent EPF accounts and UANs and how to go about it
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SAVE SMART
KNOW-HOW
An employee musthave an active UANwhich is linked tohis/her existing EPFaccount andcompleted KYC formerging of EPF accounts
Hang Seng TECH ETF NFOMirae Asset
Mutual Fund
has launched
‘Mirae Asset
Hang Seng
TECH ETF’, an
openended
scheme
replicating/tracking Hang Seng TECH
Total Return Index and the ‘Mirae
Asset Hang Seng TECH ETF Fund of
Funds’, an openended fund of fund
scheme predominantly investing in
units of Mirae Asset Hang Seng TECH
ETF. The NFO for both the funds is
open for subscription. While the
Mirae Asset Hang Seng TECH ETF will
close on November 29, 2021, the
Mirae Asset Hang Seng TECH ETF
Fund of Fund will close on
December 1, 2021. The minimum
initial investment in both the
schemes will be ₹�5,000 and
multiples of ₹�1 thereafter.
1st Taiwan focussed fundNippon India Mutual Fund (NIMF) will be
launching Nippon India Taiwan Equity Fund on
November 22 which will be the fi�rst open ended
equity scheme investing with Taiwanese theme in
India. Cathay Site, the largest asset manager in
Taiwan with USD 42.8 billion in AUM, will be
advising the fund. The NFO will close for subscription on
December 6. The minimum investment is ₹�500. The fund will be
benchmarked to Taiwan Capitalization Weighted Stock Index
(TAIEX). Taiwan is the second largest country in MSCI EM index
behind China by weights, compared to India’s 4th position.
Insurance plan for defence staffCanara HSBC Oriental Bank of Commerce Life
Insurance has launched ‘Guaranteed Suraksha
Kavach’, a life insurance plan primarily aimed at
personnel in defence, security & police. The
company’s dedicated defence channel, GARV will be
used to distribute the product. The insurance plan
aims to provide guaranteed benefi�ts for the life term and fi�nancial aid
against risk of death from two plans Future Suraksha and Income
Suraksha. It also provides the option of creating early retirement
benefi�ts. The lifestyle and the requirements of national forces are
different which need to be serviced by a customized product.
ICICI Pru new fund offeringICICI Prudential
Mutual Fund
has launched
ICICI Prudential
S&P BSE 500 ETF
FOF (Fund of
Funds) which
will aim to
provide returns corresponding to
underlying ETF, ICICI Prudential S&P
BSE 500 ETF. The NFO will be open till
November 26. The open ended FOF
will be investing in the units of ICICI
Prudential S&P BSE 500 ETF which
tracks S&P BSE 500 with a minimum
investment of ₹�1,000.
The underlying index, S&P BSE 500
total return index comprises top
500 companies listed at BSE
covering all the major industries in
the Indian economy. The S&P BSE
500 TRI has outperformed S&P BSE
200 TRI and S&P BSE Sensex TRI 6 out
of 10 times till 2021.
ALERTS
Interest rates on home loans (%)
Institution
Loan amount
Under₹�30 lakh
₹�30 to75 lakh
Over₹�75 lakh
BANKS (Floating rates)
Axis Bank 6.75-7.20 6.75-7.20 6.75-7.20
Bank of Baroda 6.5-7.85 6.5-7.85 6.5-7.85
Bank of India 6.50-8.35 6.50-8.35 6.50-8.35
Bank of Maharashtra 6.80-7.95 6.80-8.45 6.80-8.45
Canara Bank 6.9-8.9 6.9-8.9 6.9-8.9
Central Bank 6.85-7.30 6.85-7.30 6.85-7.30
Federal Bank 7.65- 7.70 7.65- 7.75 7.70- 7.80
HDFC Bank 6.75-7.50 6.75-7.75 7.00-7.85
ICICI Bank 6.70-7.30 6.70-7.45 6.70-7.55
Indian Bank 6.80-7.2 6.80-7.2 6.80-7.0
IOB 7.05 7.05-7.15 7.15-7.3
IDBI Bank 6.75-9.90 6.75-9.90 6.75-9.90
J&K Bank 7.2-7.3 7.2-7.3 7.3-7.6
Karnataka Bank 7.5-8.75 7.5-8.75 7.5-8.85
Karur Vysya Bank 7.15-9.35 7.15-9.35 7.15-9.35
Kotak Mahindra Bank 6.55-7.10 6.55-7.10 6.55-7.10
Punjab National Bank 6.55-7.8 6.5-7.8 6.5-7.45
State Bank of India 6.70 - 7.15 6.70 - 6.90 6.70 - 6.90
South Indian Bank 7.25-10 7.25-10 7.25-10
Tamilnad Mercantile Bank 8.25 8.25 8.25
UCO Bank 6.50-6.70 6.50-6.70 6.50-6.70
Union Bank of India 6.4-7.35 6.4-7.4 6.4-7.4
BANKS (Fixed rates)
Axis Bank 12 12 12
HDFC Bank 7.40-7.95 7.40-8.10 7.55-8.20
IDBI bank 9.85-10.10 9.85-10.10 9.85-10.10
Union Bank of India 11.4 11.4-12.4 12.4-12.65
Note: Rates that vary with tenures within the specified loan amounts are indicated as arange. Fixed interest rates may be subject to a revision after a specified tenure. Rates mayalso apply only for a definite period and change to floating thereafter. Data taken fromrespective bank’s website as on November 19, 2021. Contributed by BankBazaar.com, anonline marketplace for comparing loans and insurance products.
CMYK
MUMBAI
BusinessLine 3SUNDAY • NOVEMBER 21 • 2021 YOUR MONEY
Scan & Share
LOOKING FOR an industrial / commer-cial land in an approved industri-al / commercial area with in 60 Kmvicinity of Chennai, spanningabout 20 acres, for setting up anEngineering unit. Individuals /companies with an existing unithaving about 20,000 square metersof factory building with the afore-mentioned land area available forsale may also contact. Interestedparties can contact Mr SreejithBabu at mobile number − 9167184441
CHENNAI NANDAMBAKKAM, 3BHKWardrobe, AC, TV, Sofa, Dining,Cots, Washing Machine, Ro System,Chimney, CCP earlier tenant anMNC.8072349972
REAL ESTATE
BUYING
COMMERCIAL
RENTAL
GUEST HOUSE
................BMBME
KUMAR SHANKAR ROY..........................................
BL Research Bureau
Aditya Birla Sun Life AMC has thrown itshat into the business cycle fund ringwith its own off�ering. The new fund offer (NFO) closes on Novembr 29, 2021.This is the fi�fth such thematic productin this space.
Business cycle relevanceA business cycle is defi�ned in terms ofperiods of expansion and contraction.Each business cycle has 4 phases — expansion, peak, contraction and slump.Key indicators are diff�erent for eachphase. Business cycle/stage also leads todiff�erent market behaviour, eventhough market returns are largelydriven by earnings growth and changein sentiment/valuation.
It is important to understand thatsector returns vary through phases ofbusiness cycle. For instance, in thepharma upcycle from 2012 to 2015, NiftyPharma gave 202 per cent gain versusNifty’s 87 per cent. In the subsequentdowncycle that lasted till January 2020,Nifty Pharma lost 53 per cent versus 12per cent drop in Nifty. In the next upcycle, which is ongoing, Nifty Pharma isup 123 per cent. Such trends have beendisplayed in IT, metals sector, capitalgoods, housing fi�nance sectors, for instance, in their respective cycles.
Also, industryspecifi�c cycle could differ from the stage of ongoing economiccycle. The bottom line — there is no fi�xedtemplate. Successful investing requiresdeft manoeuvring to be present in theright set of sectors at the right time. Indoing so, one can capitalise on secularas well as cyclical opportunities. So, byidentifying and navigating businesscycles accurately, even a thematic equityfund can become an allweather vehicle.
Fund approachAditya Birla Sun Life Business CycleFund aims to deploy the business cycle
approach. It can invest across sectorsand market caps, without any bias. Thefund believes the Indian economy is inexpansion phase.
The investment approach will be topdown i.e. starting from macro economyto sector selection to choosing the rightstocks. The fund endeavours to bifurcate portfolio between defensives suchas FMCG, utilities, healthcare, IT andnondefensive sectors such as metals, infra, capital goods, fi�nancials, cement,consumer durables, auto, etc.
Defensives usually have stable earnings irrespective of stage of businesscycle, while earnings vary with the stageof business cycle for nondefensives.Also, defensives perform through contraction phase while nondefensives
perform during expansion. For sector allocation, Aditya Birla Sun
Life Business Cycle Fund will look atstage of economic cycle, correlation ofcycle with diff�erent sectors, growth potential and valuation level/margin ofsafety. Stock selection will followgrowth at reasonable price (GARP)philosophy, a blend between growthand value investing frameworks. Portfolio price to earnings of peer businesscycle funds ranges between 30 and 39times. For some peers, portfolio parameters such as marketcap allocationand number of stocks is based on thestage of business cycle.
The scheme has headroom to chaseglobal opportunities i.e. can invest up to20 per cent of net assets in foreign secur
ities. Global exposure can add zing to returns as well as come in handy during aperiod of domestic recession. Amongrecent launches, Tata Business CycleFund also has similar fl�exibility.
Our takeSome could argue that a thematic business cycle fund is not very diff�erentfrom fl�exicap funds. Do note, this business cycle fund claims to have fl�exibilityfor a more aggressive stance (leading tohigher risk & return) in terms of sectorover/under weight. Also, most fl�exicapfunds have disciplined high largecapallocation (average 66 per cent), whilethis business cycle fund is starting outwith no bias. Peers from ICICI, Barodaand Tata have over 60 per cent largecapallocation, but the L&T off�ering has 44per cent largecap exposure currently. Itremains to be seen which side this fundtakes. Its benchmark will be S&P BSE 500Total Return Index.
Given the thematic nature, businesscyclebased investing is ideal for highrisk investors with an investment horizon of more than 57 years. Though business and sector cycles are shortening, abigger window should be given to letthe fund manager play across opportunities. We are inclined to believe that abusiness cycle fi�nd may be a better wayto take aggressive position in sectoral/thematic opportunities, instead of investors taking sector/theme calls ontheir own that can go horribly wrong.
Accurate identifi�cation of businesscycles is a tough task and consistentlyrepeating the same is even tougher. Thisis where the experience of the fundmanagement team will be tested. L&TBusiness Cycles Fund is the only peerfund with a long track record. It has outperformed S&P BSE 200 TRI in 1year by500 basis points (bps), but has lagged in3 and 5year periods as well as since inception. This highlights the practicaldiffi�culty of walking the talk in businesscycle investing.
FundasB Topdown
investmentapproach
.................................................................................................................
B Mix of defensives &nondefensives
.................................................................................................................
B Global exposure canadd zing to returns
.................................................................................................................
NFO Aditya Birla Sun Life Business Cycle Fund
Spotting cyclesto lock profits
Managing allocation is key as sectors don’t give systematic performance
through diff�erent phases
HARI VISWANATH..........................................
BL Research Bureau
Motilal Oswal AMC has launched theMotilal Oswal MSCI EAFE Top 100 Select Index Fund (MOST EAFE). This isthe latest in the spate of NFOs in thelast one year promising geographicdiversifi�cation opportunity for investors in India. Compared to the internationalfocussed NFOs over thelast year which were mostly fund offunds, MOST EAFE is an index fund.This, however, as such does not make asignifi�cant diff�erence to investors. Thefund gives debt taxation with indexation benefi�ts after 3 years.
The fundMOST EAFE will invest in securities ofthe MSCI EAFE Top 100 Select Index(MSCI EAFE 100) and refl�ect its performance subject to tracking error.The MSCI EAFE 100 is a subset of theMSCI EAFE Index, one of the largestnonUS ETF themes globally designedto represent the performance of 21 developed markets across Europe, Australasia and the Far East. Within this,MSCI EAFE is designed to tap investment opportunities in the top 10 outof the 21 countries and the 100 largestcompanies from the investment universe of these top 10 countries.
Stock weights are based on marketcapitalisation (adjusted for free fl�oatand foreign investment limits), andcountry weight is capped at 40 percent. Rebalancing is on a quarterlybasis. Based on historical data andmarket cap, MSCI EAFE will cover 4849 per cent of the parent index.
Index characteristics Currently, the top 10 EAFE countriesand their approximate weights in theindex are Japan (19 per cent) the UK(20.4), France (15.2), Switzerland (14.7),Germany (11.2), Australia (7.4), the
Netherlands (6.8), Hong Kong (2.7),Spain (2.1) and Sweden (0.5). In termsof sectors, fi�nancials (18 per cent),healthcare (16) and consumer discretionary (15) represent nearly50 per cent of the index.
The top 5 stocks in the indexare consumer staples giantNestle (4.4 per cent), semiconductor company ASML Holding (4), healthcare companyRoche (3.3), fashion leaderLVMH Moët Hennessy/LouisVuitton (2.5) and auto majorToyota Motor.
Underwhelming performance With regard to performance, the index returns as such have been underwhelming across time periods. In thelast 10 years it has given CAGR returns(INR) of 12.2 per cent versus the Nifty500’s 15.5 per cent (all TRI), and for thelast one year it returned 26.8 per centversus Nifty 500’s 62.9 per cent. It hasalso similarly signifi�cantly underperformed the US S&P 500 across thesetime periods (see table).
Further, the returns for MSCI EAFE100 would be even lower if not for theINR currency depreciation benefi�ts
versus the respective currencies of thecountries in the index. While its annualised volatility for 5,3 and 1yearperiod is lower than that of Nifty 500,the diff�erence is not signifi�cant tocompensate for the lower returns.
In terms of valuation, as of September 30, the index was trading at a PE ratio of 18 times versus 10year averageclose to 16, P/B of 2.1 times versus 10year average of 1.7. Dividend yield wasat 2.7 per cent versus 10year averageof 3.5 per cent.
No compelling caseAs per the NFO presentation the needfor Indian investors to diversify intointernational markets is defi�nitelystrong given the opportunity it off�ersand also due to the crowding out ofscarce opportunities in some pocketsdomestically that stretches valuations. However, diversifi�cation forthe sake of diversifi�cation may resultin suboptimal returns for investors.
International diversifi�cation object
ive must be complemented by a sectoral (information technology/new
age companies in the US, REITs, renewables), or cyclical
(commodityheavy countries), orgeographic (emerging/frontier
economies) themes. As such,the MSCI EAFE 100 does not offer any strong theme. It maybe more relevant for developed market investors (institutions and individuals)who may already be heavily
invested in the US and hencemay need to diversify into non
US developed markets to hedgetheir risks. However, this is not the
case for Indian investors who arestill signifi�cantly underinvested intothe US markets or the mega tech/growth/ innovation themes globally.The fi�rst choice of diversifi�cation mustbe into thematic off�erings and the USmarkets.
A deep value buy opportunity thatmay compensate for lack of a strongtheme is also absent in the case of theindex. While its valuation is cheaperrelative to Indian or US benchmark indices, it is higher than historicallevels.
The index might fall relatively lessin a market crash, but the reason tobuy into equities is not because it willfall less but because it must off�erstrong growth opportunities overriskfree options.
There may be some case to buy intospecifi�c geographies within the EAFEtop 10 countries like the UK whosebenchmark index FTSE 100 is still trading below preCovid levels and appears to off�er good absolute value/growth prospects. However, itsweightage in the MSCI EAFE 100 is onlyat 20 per cent and hence a better waywould be any ETF or FoF that directlyoff�ers options to buy into such undervalued geographies (currently none).
No strong theme on offerDiversifi�cation only for the sake of variety may result in suboptimal returns for investors
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FundasB The fund will invest in
securities of MSCIEAFE Top 100 SelectIndex
.................................................................................................................
B With US stockmarkets excluded,IT not in top sectorweights in theindex
.................................................................................................................
B The index’s returnshave beenunderwhelmingacross time periods
.................................................................................................................
NFO Motilal Oswal MSCI EAFE Top 100 Select Index Fund
CMYK
MUMBAI
BusinessLine4 SUNDAY • NOVEMBER 21 • 2021FUND INSIGHT
TIM QUINSON..........................................
At this month’s climate talks inScotland, a lot of time was spentcondemning the shortage ofmoney available to fi�ght globalwarming.
The Glasgow climate pact endedup including language that urgesdeveloped nations to “at leastdouble their collective provisionof climate fi�nance for adaptation”to developing countries by 2025.That would mean that rich countries should make available $40billion in adaptation funding, according to numbers crunched byCarbon Brief, in the next threeyears. It’s clearly not enough (andever so unlikely to happen if recenthistory is any indication).
Climate adaptation refers to theprocess of adjusting our existenceto current or expected climateinduced changes to the environment. To date, investment haslargely focused on mitigation, inareas such as renewable energyand battery technology. The nextstep will involve innovations asvaried as highly effi�cient air conditioners that cut energy use,fl�oodgates to protect lowlying cities and various technologiesaimed at stemming the spread ofwildfi�res.
Even though the lack of appropriate government funding remains a substantive obstacle, executives at Wellington ManagementCo, one of America’s largest investment fi�rms, said they were encour
aged by the focus on climate adaption at COP26. The Bostonbasedfi�rm said it expects demand for climate adaptation solutions to increase signifi�cantly. For investors,
that would mean backing companies that do everything from upgrade electrical grids and transmission lines to developerosioncontrol and drainage sys
number would almost certainly behigher, but about 90 per cent ofthe funds that the fi�rm overseesare managed for external institutions such as mutual fund companies, corporate pension plansand university endowments, and“we can’t make determinant statements about their assets,” Cromwell said. However, Wellingtonsaid it’s working with these clientsto help them understand climaterisks and make their own commitments. The bottom line is investorsmust think diff�erently, Cromwellsaid. “Climate science shows thatthe world will face more frequentand more severe climate events,and society will need more adaptation ideas that protect lives and assets,” she said. BLOOMBERG
ment from fi�nancial companies todo their part to help address theclimate crisis, said Wendy Cromwell, Wellington’s vicechair andhead of sustainable investment, referring to the announcement atCOP26 that more than 450 banksand asset managers had pledgedto meet the goals set out in theParis climate in an interview.
But promises emanating fromGlasgow, like those from Paris in2015, are easily broken. Moreover,there are additional constraintsfaced by ostensibly climateconscious asset managers.
Of Wellington’s $1.4 trillion in assets under management, only 11per cent, or $146 billion, is directlyaligned with achieving netzeroemissions by 2050 or sooner. The
tems or make more weatherresistant building materials. To date, theglobal investment community hasbeen slow to focus on adaptation,thanks to a traditional focus onshortterm profi�ts at the expenseof longterm survival. Most investors engage in “shorttermism”because they tend to be evaluatedon their one, three and fi�veyearperformance records, and manyfund managers have (incorrectly)assumed that the consequences ofthe climate crisis were far in the future, according to a Wellington report entitled “Adapting to ClimateChange: Investing in the ResiliencyImperative.”
One of the few bright spots fromthe multinational negotiations inScotland was the “allin” commit
Investors bet climate adaptation will soon be profitable
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GLOBAL VIEW
The next step willinvolve investmentsin innovations suchas floodgatesto protect low-lying cities
Scan & Share
Top PMS Schemes
Based on 5year returns
StrategyAUM
(in ₹� cr)
Returns (% CAGR)AMC
1-year 3year 5year
LARGE-CAP
ICICI PruLargecap Portfolio
97 61 21 16
Nippon India Absolute Freedom
Undisclosed 57 22 15
ABSLAMC PMS
Top 200 Core Equity Portfolio
51 54 21 15
J M FinancialServices
Growth & Value 135 41 24 14
MULTI-CAP
TCG AdvisoryServices
Tcgamc Multicap Fund
Undisclosed 58 19 24
Globe CapitalMarket
Value 202 51 30 24
SameekshaCapital
Equity Fund 629 71 41 24
SolidarityAdvisors
Prudence 1232 65 36 24
BuoyantCapital
Opportunities 274 107 27 22
BasantMaheshwariWealth Advisers
Equity Fund 386 89 32 22
MID-CAP
Unifi�Capital
Apj 20 Undisclosed 85 39 25
Unifi�Capital
InsiderShadow
Undisclosed 73 32 23
Centrum PMS Deep Value Undisclosed 68 34 22
Centrum PMS Multibagger Undisclosed 77 35 21
SMALL-CAP
Accuracap Picopower Undisclosed 80 31 20
AequitasInvestmentConsultancy
IndiaOpportunitiesProduct
1160 108 12 19
Centrum PMS Micro Undisclosed 92 31 18
Right HorizonsMinerva IndiaUnderServed
Undisclosed 126 26 16
Source: PMS Bazaar; Returns as on Oct 31, 2021
Multicap funds from HDFC and Axis MFs
HDFC Multi Cap Fund NFO will open on November 23 and
close on December 7, 2021.The scheme will make
mandatory allocation of minimum 25 per cent of its total
assets each in large, mid, and smallcap companies, while
the balance 25 per cent will be allocated based on market
view of the fund manager. The scheme will have a choice of
wide representation of sectors across market
capitalisation. In terms of investment strategy, HDFC Multi
Cap Fund will follow a mix of
top down and bottom up
approach to stock selection.
The scheme will invest without
a style bias and aims to capture
opportunities across growth,
value and turnaround
companies. The scheme will be
managed by Gopal Agrawal,
who has nearly 19 years of
experience in fund
management and equity research.
Axis Multicap NFO opens on November 26, 2021 and closes
on December 10, 2021. The scheme will be managed by
Anupam Tiwari and Sachin Jain.
The fund will be benchmarked to NIFTY 500 Multicap
50:25:25 Index. The minimum amount stipulated for the
NFO is ₹�5,000. Axis Multicap fund will leverage the
bottomup stock selection process, focusing on
appreciation potential of individual stocks from the stock
fundamentals perspective. The allocation will be managed
actively with an emphasis on identifying best ideas within
each marketcap bucket.
According to the AMC, the fund will aspire to capture
potential opportunities throughout the lifecycle of the
company’s progression from smallcap all the way to a
largecap.
Large and Midcap Index fund NFO
Edelweiss Asset Management has launched Edelweiss
Large and Midcap Index Fund, an openended equity
scheme replicating Nifty LargeMidcap 250 Index. This is the
fi�rst index fund to be launched on Nifty LargeMidcap 250
Index. The index allocation to large and midcap stocks
ensures balance between growth (midcap) and stability
(largecap).
The investment objective of the scheme is to provide
returns that closely correspond to the total returns of the
Nifty Large Midcap 250 Index
subject to tracking errors.
According to the fund house,
this index has strong track
record and has performed well
compared to Large & Midcap
and Flexicap funds. The equal
weight to largecaps and
midcaps reduces skewness to any one marketcap
segment and provides meaningful exposure to promising
midcap stocks, says the AMC. The NFO is already open for
subscription and closes on November 26, 2021.
The minimum investment required is ₹�5,000 and multiples
of ₹�1/ thereafter. It comes with NIL exit load. It will be
managed by Bhavesh Jain.
ALERTS
HARI VISWANATH ..........................................
BL Research Bureau
It has been an excellent year for India'sIT industry. The tier one and top tiertwo companies have deftly maneuvered through the initial Covid impact and subsequently capitalised onthe enhanced digitisation spends inthe western world, more specifi�callythe US. Persistent Systems too is onesuch company that has had a stellaryear.
On the back of good growth, thestock has returned 271 per cent in thelast one year and around a signifi�cant475 per cent from its preCovid highsin February 2020. Following this runup, it now trades at a rich valuation of41.9 times its next twelvemonth(ntm) EPS, which is now at a signifi�cant 140 per cent premium to its 5 yearaverage and 81 per cent premium to its2 year average. While growth has alsoaccelerated in recent quarters andoutlook is solid for current and nextfi�scal year based on recent trends,given heightened valuation, investorsare better off� booking the profi�ts andcashing in on the gains. CY22 is looking to be a year of macro uncertainty.Infl�ationary pressures and pull backof monetary stimulus are an overhang on macroeconomic drivers fornext two years. Impact of stimulus unwinding on stock market valuations isalso an important factor to consider.At current levels, the stock off�ers nomargin of safety for the risks that mayplay out, making the riskreward unfavourable.
Business and prospects The company’s business encompasses
– one, IT services segment (83 per centof FY21 revenue) product engineeringservices and platform based solutions; and two, IP based softwareproducts segment (17 per cent of business). Its product segment is a diff�erentiator versus some of its peers – revenue can be lumpy but comes withbetter margins. In terms of businessverticals, BFSI accounts for 31 per centof revenue, Tech and Emerging Verticals (50 per cent) and Healthcare (19per cent). It is heavily levered to USwith 79 per cent of revenue comingfrom North America.
In FY21, the company reported revenue of ₹�4,188 crore USD revenuegrowth of 13 per cent and INR revenuegrowth of 17 per cent over FY20. EBITmargins improved nearly 300 basispoints from 9.2 per cent to 12.1 percent. This was primarily driven by reduction in sales and marketing expenses, a trend seen across many ITcompanies in Covid impacted year.Driven by revenue growth and marginexpansion, profi�t grew by a nice 32 percent for the year to ₹�451 crore.
Momentum has continued intoFY22 as well with 1H FY22 revenue of₹�2,581 crore – USD growth of 30.7 percent and INR growth of 29.1 per cent.EBIT margin was at 13.7 per cent andPAT grew 63 per cent YoY to ₹�313crore. For full FY22 consensus(Bloomberg) expectations are for revenue and PAT to grow by 33 and 55 percent respectively. While business is expected to remain good driven bystrong deal wins won by the companyin recent quarters, the momentum ishowever expected to taper with consensus expecting revenue and PATgrowth of 22 and 23 per cent respect
ively in FY23.Given acceleration in business mo
mentum relative to historical trends,a premium to historical valuation iswarranted. However this is more thanadequately factored at 140 per centpremium valuation to its 5 year average and with stock trading at ntm PEof 41.9 times and FY23 PE of 39 times.While growth is expected to remaingood there is not much clarity on howgrowth rates will trend beyond FY23given macro uncertainties.
Its fi�ve year revenue CAGR betweenFY1520 was at 14 per cent. FY2023 revenue CAGR is expected at 24 per cent.According to a NASSCOM report, Indian IT services sector can reach $300350 billion in annual revenue by FY25.This implies a 13 per cent CAGR for theindustry during this period. In thisbackdrop, it would be challenging forthe FY2023 CAGR growth of Persistentto sustain beyond FY23 given that industry growth is expected at around 13per cent. Current valuation can be justifi�ed only if growth will trend above20 per cent for few more years beyondFY23 and margins will continue to improve. Both appear less likely.
Another potential factor to note isthat while the company has improvedEBIT margins recently to around 13 percent, it is substantially lower versus
that of Tier 1 players like TCS (26 percent), Infosys (22 per cent) and HCLTech (20 per cent). Companies withlower margins are at higher risk incase of any economic slowdown, currency volatility or intensifying competition. For example, the growth ofTier1 IT services companies mentioned above is much lower than thatof Persistent. But given their marginsare superior, in case of intensifyingcompetition they are better equippedto sacrifi�ce margins for growth andgain market share.
Its current dividend yield is also lowat around 0.5 per cent. Its free cashfl�ow yield is expected at just 1 per centfor FY22 and 2 per cent for FY23. Capitalreturns to investors, which are usuallybased on free cash fl�ows, are thus going to be sub par. This also fares poorlywhen compared with Tier 1 IT companies like which are returning signifi�cant portion of their free cash fl�ows toinvestors annually in the form of dividends and buy backs.
Given risks due to lower marginsand lower capital returns, the currentvaluation of Persistent which is atpremium to Tier 1 IT services companies (NTM PE in range of 2535) is alsounsustainable and gives anotherreason to become cautious on thestock.
Odds not in favourGrowth is good, but it is priced in after astellar rally in the stock in yeartodate period
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WhyB Risk-reward
unfavourable.................................................................................................................
B Inflation is a macrooverhang for CY22
.................................................................................................................
B Premium versus Tier1 IT is unsustainable
.................................................................................................................
IT SERVICES Persistent Systems ₹�4157.65
................BM-BME
GURUMURTHY K..........................................
BL Research Bureau
The outlook for the stock of GodrejProperties is bearish. The uptrend thathas been in place since March last yearhas made a top. There is doubletoppattern formation on the chartsstrengthening the case for a top inplace and a steep corrective fall. Theneckline of this pattern poised at
₹�2,210 has just been broken onThursday. The level of ₹�2,210 can nowact as a good resistance. The nexthurdle will be at ₹�2,280. As long as thestock trades below these resistances,the chances are high for it to fall towards ₹�1,910₹�1,890. Investors holdingthis stock can consider booking partial profi�ts, may be 50 per cent of theirholding at current levels. Watch theprice action around ₹�1,900 to reenter
the stock again if it bouncesbacksharply from there. Traders can consider taking short positions with astoploss at ₹�2,320. Trail the stoplossdown to ₹�2,085 as soon as the stockfalls to ₹�1,985. Move the stoploss further down to ₹�1,990 when the stocktouches ₹�1,945. Book profi�ts at ₹�1,920.In case if the stock breaks below₹�1,890, then the correction could besteeper targeting ₹�1,650₹�1,620.
Godrej Properties (₹�2,182.3): SellCHART FOCUS
SATYA SONTANAM..........................................
BL Research Bureau
With rise in steel and basemetal (London Metal Exchange LME) prices and recovering demand from the userindustries, top metal companies such as Tata Steel, JSW Steel,SAIL, Hindustan Zinc, Vedantaand Hindalco recorded impressive earnings in Sep21.The reported net profi�t for thequarter of most of these companies is either at record ormultiyear high. Here’s acloser look at how well metalplayers have recovered fromthe precovid volatile yearsand what lies ahead. To give aperspective, we compare therecent quarter results withthe performance in quarterended September 2019, whichpasses the test of both seasonality and preCovid times.
SteelTata Steel, JSW Steel and SAILreported bumper net profi�ts.Compared to Sep19, for theprivate players, the net profi�tis up 180250 per cent whileSAIL turned around fromlosses. This has been signifi�cantly on the back of highersteel prices (up from around₹�37,000 per tonne to over₹�60,000). Also, sale volumesthat went up by 7590 per cent,were another contributor. Theinfl�ation in input prices likecoking coal, have been off�setby higher prices, and so themargins improved by 13 to 18percentage points.
ZincHindustan Zinc’s revenuefrom the Zinc metal (6570 percent of overall revenue) in
Sep21 at ₹�3,926 crore was up28 per cent compared toSep19. This is despite the fallin volumes sold from 168 kilotonne (kt) in Sep19 to 164 kt inSep21. The company’s leadsegment also saw fl�at salevolumes due to lower production. But the revenue fromthis segment too went up by32 per cent, thanks to the pricerise.
The average zinc & lead LMEprices during the period wereup 27 per cent and 15 per cent,respectively.
On a consolidated level, thebenefi�t of higher prices was toan extent off�set by lower/moderate volumes of these metalsand higher cost of productionwhen compared to the preCovid period.
Having said that, the company recorded higher operating profi�t for the quarter at₹�3,281 crore (₹�2,066 crore inSep19) with margins athealthy 56 per cent (versus 47per cent earlier).
Aluminium and CopperAluminium known for itsvolatile price nature, fell toabout $1,400 per tonne inApril 2020. By the secondquarter of FY22, the averageprice was higher by 50 percent compared to Sep19.
While Hindalco’s revenuewas up signifi�cantly due torise in realisation, Vedanta’swas also supported by 20 percent growth in volumes. Nov
elis – a US subsidiary ofHindalco that contributesmore than half of the group’srevenue – played a big role inthe revenue growth.
Shipments at this off�shoreunit went up by 16 per centduring the period led bystrong demand for sustainable aluminium beveragepackaging. For Vedanta, thealuminium segment trumpedoil and gas segment to become the top contributor tothe EBITDA compared toSep19 quarter.
With recovery in the majorcopper consuming sectorssuch as telecommunicationsand automobiles in India, demand for the metal grew, as isrefl�ected in the sales volumesof the domestic players.
From Sep19 to Sep21, copper sale volumes grew 34 percent for Hindalco. The revenue of Hindalco from thecopper segment stood at Rs9,587 crore (up 115 per cent).The improvement would havebeen triggered by the rallywitnessed in the refi�nerycharges (RC) or treatmentcharges (TC) for copper whichin turn was led by 62 per centrise in the metal’s LME pricesfrom Sep19.
Backed by higher realisations, the net profi�t of themetal behemoths – Hindalcoand Vedanta stood at ₹�3,417crore and ₹�4,615 crore for theperiod ending Sep21, whichare 3.5 times and 2.1 times
higher than Sep19 profi�ts.
The road aheadWhile cyclical nature of thesector makes it diffi�cult todraw direction of growth, fornow, it is safe to assume thatthe metal companies stand atbetter position, especially interms of balance sheet, thanthey were before Covid.
Pentup demand andgradual recovery in the economy contributed to the demand for base metals in thelast quarter. Going ahead, theGovernment's focus on higherinfrastructure spending maygive a legup to the demandfor base metals. With signifi�cant contribution to the earnings of these metal players,the price movements of thesemetals warrant a close watch.
Higher coking coal pricesand production curbs fromChina and healthy demand isexpected to keep the steelprices fi�rm. However, higherinput costs may drag the margins going ahead to an extent.
Despite rally in the stockprices, the valuations of thesecompanies are cheaper relative to historical levels due tobetter earnings. Howeversome discount versus historical levels are justifi�ed considering metal prices are at theirpeak. Investors also need totrack any impact to metals/global growth in CY22 fromthe real estate driven slowdown in China.
Zoom past preCovid levelsRise in input costlargely off�set bythe uptick inmetal prices
SECTOR SCREENER Metal Companies
BusinessLine’s editorial policy prohibits analysts fromhaving positions in the stocks they recommend
— Editor
Here’s a challenge. Using the five clues below, identify thecompany that is being talked about here
Send your answers by Wednesday 6 p.m. [email protected], with your full name, postal address andphone number.
A lucky winner in each week will get a book sponsored by UNIFI Capitalas a reward.
Last week’s winner:Prashanth R Vanga
Last week’s answer:Finolex Industries
WHO AM I?Are you an avid investor? How welldo you know corporate India?
1 I have 60 years of history, carry the initials of
my founders as my brand and remain the
leader of my business for several decades........................................................................................................
2 My products are of use from home to factory
to nuclear plants and a champion of
technology in my business........................................................................................................
3 'Make In India' has transformed my growth
trajectory enabling me bag some of the
biggest orders in recent years and on that belief I
have begun undertaking large capex initiatives
recently. .......................................................................................................
4 Unlike many MNC joint ventures that soon got
into disputes and splits, I have been fortunate
to retain my partners for long years. .......................................................................................................
5 I have delivered more than 20% CAGR over the
last 10 years but am still a small-cap stock.
While I have delivered 3X shareholder returns
post Covid, in the 5 years prior to that I had no
returns........................................................................................................
CMYK
MUMBAI
BusinessLine 5SUNDAY • NOVEMBER 21 • 2021 TAKING STOCK
Scan & Share
DIAGON-ALLY
A diagonal spread isone where you go
long on a strike of acertain maturity and
short a differentstrike of another
maturity
VENKATESH BANGARUSWAMY..........................................
Picture this. You have a bearish viewon the underlying. You are uncertain if the underlying will reachyour price target before the nearterm contract expires. What shouldyou do? In this article, we discusswhy a diagonal spread could be optimal in such cases.
Time and volatilitySuppose you set up a diagonal putspread on the Nifty Index by goinglong the 17900 nextweek put andshort the 17700 nearweek put whenthe index is at 18000. Based on market convention, this would be a longspread as it is a net debit spread (setup for 93 points). That is, premiumpaid on the long put is greater thanthe premium received on the shortput.
Note that this spread benefi�tsfrom delta and vega. That is, thespread will benefi�t if the underlyingdeclines, as the delta of the long putis greater than the delta of the shortput. Also, the position will gain ifvolatility of the Nifty index increases. This is because the long puthas a higher vega than the shortoutofthemoney (OTM) put. Alsonote that long term options have
higher vega than short term options for the same strike.
Suppose the Nifty index declinesby 200 points to 17800 three daysafter you setup the diagonal spread.Assuming no change in impliedvolatility, the spread could increaseto 136 points for a gain of 43 points(136 less 93). You may have to closethe spread when the index approaches the next tradable strikeeven if you expect the underlying todecline further; for liquidity of the17900 strike could decline as thestrike becomes inthemoney (ITM).This is because traders typicallyprefer ATM and OTM options. Andyou would have to sell the ITM option to capture gains because NSEoff�ers European options, which canbe exercised only at expiry.
What if the Nifty index declinesby 200 points just three days beforeexpiry of the nearmonth contract?The spread could be worth 154points and the gain 60 points. Yourgains are greater because time decay of the nearweek short strike isgreater than the time decay of thenextweek long strike. The positionwill gain even more if the impliedvolatility increases during thisperiod, as the spread isvegapositive.
Finally, what if the Nifty Index declines by 200 points six days beforethe expiry of the nextweek contract? This means the nearweekcontract would have expired worthless. The nextweek contract couldbe worth 179 points and the position could gain 86 points. Thus, thegains are greater if your price targetis reached after the nearweek contract expires.
Optional readingSuppose the Nifty index moves upto 18100. The diagonal spread wouldsuff�er losses; the loss on the longput because of decline in delta(along with time decay) will bemore than the gain from short putbecause of time decay. This also explains why the spread loses more ifthe index moves to 18100 three daysbefore expiry of the nearweek contract compared to six days. The maximum loss is the net debit.
Diagonal spread gets its namefrom how options used to be displayed for traders. Each column hadcontract expiry dates and each rowthe strikes. So, a bull call spreadwould be two diff�erent rows in thesame column and, hence, called vertical spread. The same strike callspread between nearmonth andthe nextmonth would be betweentwo columns of the same row.Hence, such calendar spreads werecalled as horizonal spreads.
In this context, a diagonal spreadis one where you go long on a strikeof a certain maturity and short a different strike of another maturity.Thus, strikes are matched between arow in one column and a diff�erentrow in another column. Hence, theterm diagonal spread.
The author offers training
programmes for individuals to
manage their personal investments
Setting up diagonal spreadsGets the name from how options used to be displayed for traders
MASTERINGDERIVATIVES
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AKHIL NALLAMUTHU..........................................
BL Research Bureau
Bullion has been performing wellfrom the beginning of the month. Tosome extent, especially in the pastweek, US treasury yields declininghelped bullion stay fi�rm whereas thedollar strength dragged both goldand silver.
In terms of the dollar, gold lostabout 1 per cent as it closed at $1,845.8per ounce versus previous week’sclose of $1,864. Silver lost 2.6 per centending the week at $24.63 per ounce,underperforming gold. Similarly, inthe domestic market, gold futures onthe Multi Commodity Exchange(MCX) closed with a loss of nearly 1 percent at ₹�48,828 (per 10 grams) versuspreceding week’s close of ₹�49,314.Whereas silver futures closed theweek lower by 2.4 per cent at ₹�65,556(per 1Kg), mirroring the trend in theinternational market. Despite theweakness last week, the bullion heldon to important levels.
Gold bulls have been supported byfresh long positions being builtup asindicated by the Commitment ofTraders (COT) data. Latest data by theCommodity Futures Trading Commission (CFTC), shows that net long positions on the COMEX have increased to835 tonnes – the highest level since thefi�rst week of January. This indicatesthe bullish positioning of speculativeinvestors and thus prices can be expected to stay at higher levels in thenearterm.
MCXGold (₹�48,828)Gold futures, after witnessing a minordecline in early November, took support at ₹�47,000 and has been on astrong rally. Even though the futureslost some ground last week, it hovers
around the key level of ₹�49,000 andthe inclination remains on the upside.The shortterm trend will remainbullish until the price is above₹�48,000 and the mediumterm trendwill be up as long as the price is above₹�45,700.
The bullishness is supported by therelative strength index (RSI) and themoving average convergence divergence (MACD) on the daily chart asthey remain in their respective positive territory. The average directionalindex (ADX) shows that the upwardmomentum is still good. However,from the perspective of trading, oneshould be cautious as the contract approaches the critical level of ₹�50,000because there can be some profi�tbooking at these levels, increasing thelikelihood of a price correction.Traders and shortterm investors whoalready hold long positions can continue to hold and look to exit whenprice reaches ₹�50,000.
Fresh long positions can be executed if the contract decisivelybreaches ₹�50,000. Stoploss can beplaced at ₹�49,000. The nearest resistance can be spotted at ₹�51,820. Yet, thecontract is expected to cross over thislevel as the breakout of ₹�50,000 caninduce enough momentum to lift thecontract to ₹�52,500. One can considerbooking partial profi�ts at this level,shift the stoploss to ₹�51,500 and lookfor the next target at ₹�54,000.
Instead of breaching ₹�50,000 if thecontract sees price moderation, golong at ₹�48,300 with an initial stoploss at ₹�47,000. Once the price movesabove ₹�50,000, revise the stoploss to₹�49,000 and can exit at ₹�52,500 andat ₹�54,000.
MCXSilver (₹�65,556)Unlike gold futures, silver futures sawa price drop last week, losing 2.4 percent. The contract faced a resistance at₹�67,500 last week from where it star
ted depreciating. However, the trendremains bullish and from currentlevels, there is a strong support bandof ₹�64,30065,000. The 21day movingaverage (DMA) coincides at ₹�65,000making the support stronger. Subsequent support is at ₹�62,500 and thenearterm trend will be positive untilthe contract stays above this level.
The price action on the daily chartsince midAugust resembles that of aninverted head and shoulder patternwith an angled neckline, hinting at abullish reversal. The neckline currently coincides at ₹�67,500, making ita signifi�cant level.
Importantly, the RSI and the MACDon the daily chart are now showinglittle bit of weakness even as they remain in the positive region. Thus, thecontract will most probably extendthe decline and then reverse upwardswithin the price area of ₹�64,30065,000.
So, one can hold existing longs withstoploss at ₹�62,500. Fresh longs canbe initiated if the price softens to₹�64,300 and stoploss can be at₹�62,500.
A revival of the uptrend can initiallytake the contract upward to ₹�67,500.While ₹�68,550 can act as a barrierabove this level, the futures is expected to ease past this level as a breakoutof ₹�67,500 can induce fresh upwardmomentum. So, the contract canswiftly appreciate to ₹�70,000. Oncethe contract rallies past ₹�67,500, shiftthe stoploss upwards to ₹�65,000. Liquidate the buys at ₹�70,000 sincethere can be a correction after the futures hitting this level.
One should keep an eye on gold futures at ₹�50,000 because a correctionin gold can also weigh on silver futures, irrespective of its support andresistance levels.
Trend remains bullish
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BULLION CUES
SILVER TRADE
Uptrend can initiallytake silver futures
upward to ₹�67,500and beyond that
to ₹�70,000
However, gold andsilver futures couldwitness a minorcorrection in thenear term
GURUMURTHY K..........................................
BL Research Bureau
The Multi Commodity ExchangeClearing Corporation Limited(MCXCCL) has come out with somerevisions in the threshold limit forConcentration Margin on November 3. So, what is this concentrationmargin. It is the charge levied if thesize of any participant’s position exceeds certain limit of the open interest. A nonagri commoditytraded on the MCX will be eligiblefor concentration margin chargeseither if its open interest exceeds 5per cent of the exchange open interest value or if the traded quantityexceeds a specifi�ed limit. For instance, Aluminium will be eligiblefor levying this charge if the openinterest exceeds 16,800 metrictonne (mt). For agri commoditieslimits are specifi�ed. For example,the Crude Palm Oil contract will beeligible for this charge if its open interest exceeds 90,000 mt. For theparticipants, the concentrationmargin charges will be levied if theindividual’s open interest exceeds aspecifi�c slab in a commodity. If theopen interest of a participant exceeds the exchange open interest inthe range of 10 to 15 per cent then 2.5per cent for Crude Oil and 1.5 percent for other commodities will becharged as concentration margin.This is a charge over and above theother applicable margin charges.The limit will be calculated at theend of day everyday and will bemade applicable for the next trading day. Transactions done for thepurpose of hedging will be exempted from levying this charge. But relevant documents pertaining tohedging will have to be provided.
Send your queries to
Concentrationmargin basics
SHORT TAKE
Change in Open Interest (OI)
FII Retail
Scrip As onNov 18
WeeklyChange %
As onNov 18
WeeklyChange %
Future Index Long 97376 2 198268 14
Future Index Short 83551 17 150288 18
Net Futures 13825 -42 47980 3
Index Call options Long 356899 -13 1506851 -8
Index Call options Short 277993 -11 1479324 -14
Net Call options 78906 -21 27527 -129
Index Put options Long 465544 -6 939168 -37
Index Put options Short 163919 -34 1333550 -27
Net Put Options 301625 22 -394382 15
FIIs have cut down net longs in futures and call options and simultaneously increased net long in putoptions, indicating a bearish bias.
Stocks that witnessed major change in OI
Company Price (₹�)Weekly
PriceChange %
OI (in lakhs)Weekly
Change %
RISE (as on Nov 18)
BSOFT 469.25 10.2 98.2 142.3
GSPL 309.20 -1.9 28.8 95.6
COFORGE 5,572.10 2.8 16.4 78.4
APOLLOHOSP 5,588.60 19.7 55.1 76.0
ATUL 8,704.80 0.1 0.9 60.1
FALL (as on Nov 18)
TVSMOTOR 723.85 -0.7 169.6 -21.6
NATIONALUM 94.75 -6.6 1498.8 -19.1
IRCTC 890.65 3.0 377.3 -18.5
INDIAMART 7,625.40 1.1 4.3 -17.5
IGL 490.10 -1.5 246.0 -17.4
Stocks in F&O ban (as on Nov 18)
NATIONALUM BHEL IDEA SAIL SUN TV ESCORTS
Change in OI and market positioning
Expiry Date
(2021)
Price (₹�) OISymbol
(Weekly Change %)Indication
COMMODITIES (as on Nov 19)
ALUMINIUM 30-Nov 212.05 (-1) 2328 (-10) Short covering
COPPER 30-Nov 734.45 (-1.4) 4093 (-20) Short covering
CPO 30-Nov 1151.1 (4.4) 4179 (-13) Long unwinding
CRUDEOIL 17-Dec 5669 (-4.7) 6917 (268) Short build-up
GOLD 3-Dec 48828 (-1) 5708 (-20) Short covering
GOLDGUINEA 30-Nov 39229 (-0.6) 2563 (-26) Short covering
GOLDM 3-Dec 48829 (-0.9) 12465 (-12) Short covering
GOLDPETAL 30-Nov 4910 (0.4) 42506 (-5) Long unwinding
LEAD 30-Nov 186.25 (-2) 573 (-35) Short covering
MENTHAOIL 30-Nov 935.9 (0.3) 779 (-20) Long unwinding
NATURALGAS 28-Dec 382.7 (3.6) 2473 (40) Long build-up
NICKEL 30-Nov 1528.5 (-0.5) 886 (-33) Short covering
SILVER 3-Dec 65556 (-2.4) 7697 (-14) Short covering
SILVERM 30-Nov 65713 (-2.3) 13470 (-12) Short covering
SILVERMIC 30-Nov 65714 (-2.3) 43550 (-11) Short covering
ZINC 30-Nov 266.3 (-3.9) 1116 (-21) Short covering
CURRENCIES (as on Nov 18)
USDINR 26-Nov 74.33 (-0.3) 1886084 (-11) Short covering
EURINR 26-Nov 84.37 (-1.2) 117912 (21) Short build-up
GBPINR 26-Nov 100.36 (0.5) 186994 (-25) Long unwinding
JPYINR 26-Nov 65.16 (-0.4) 58137 (-16) Short covering
KS BADRI NARAYANAN..........................................
Bajaj Auto (₹�3,550) shares areruling at a crucial level. Thestock fi�nds an immediate support at ₹�3,481 and the nextone at ₹�3,375. A close below₹�3,258 will change even thelongterm outlook negativefor Bajaj Auto.
On the other hand, thestock fi�nds an immediate resistance at ₹�3,608 and the nextone at ₹�3,692. Only a closeabove ₹�3,858 will change thelongterm outlook positive
for Bajaj Auto. We expect thestock to move in a range witha downward bias.
F&O pointers: The stock ofBajaj Auto saw a rollover ofjust about 14 per cent toDecember series. Bajaj AutoDecember futures closed at₹�3,558.70 and November futures ₹�3,544.95.
This indicates most of therollovers were on the longside. Nevertheless, optiontrading indicates that BajajAuto is likely to move in arange of ₹�3,500₹� 3,800.
Strategy: Traders can consider calendarput spread onBajaj Auto. This can be doneby selling ₹�3,500Novemberput and simultaneously buy
ing ₹�3,500put of Decemberseries. As the options closedwith a premium of ₹�16.85 and₹�61.30 respectively, this willcost traders ₹�44.45/share i.e.,₹�11,112.50 (market lot: 250shares).
The maximum loss wouldbe the net premium paid andthat will happen if Bajaj Automanages to sustain above₹�3,500. On the other hand,profi�t potentials are huge ifthe stock slides sharply. Weadvise traders to hold on tothe position for at least two
weeks and review later.Traders who can take higherrisk can straight away buy₹�3,500put of December.
They can exit if thepremium touches ₹�120 or ona fall to ₹�25.
Follow-up: Traders canexit from HDFC Life with aloss, as the stock moved contrary to our expectations.
Note: The recommendations are
based on technical analysis and
F&O positions. There is a risk of
loss in trading.
Calendar put spread on Bajaj AutoF&O STRATEGY
Scan & Share
CMYK
MUMBAI
BusinessLine6 SUNDAY • NOVEMBER 21 • 2021DO THE DERIVATIVES
................BMBME
GURUMURTHY K..........................................
BL Research Bureau
The caution fl�agged before Diwali inthis column has been borne out. BothSensex and Nifty 50 had witnessedsome recovery in the fi�rst two weeks ofthis month. Thereafter the fall lastweek indicates that the corrective fallthat had begun from the Octoberhighs of 18,604.45 on the Nifty and62,245.43 on the Sensex is intact. Crucial support is coming up for the Sensex and Nifty at 59,000 and 17,50017,450 respectively. The indices willcome under danger for a muchsteeper fall on a break below thesesupports. So, the price action in thecoming weeks will need a close watch.
Sensex and Nifty have closed lowerby 1.73 per cent and 1.87 per cent respectively. Among the sectors, barringauto, power and healthcare, all othersclosed in the red. The BSE Metal index,down 5.84 per cent, tumbled the mostlast week. It was followed by the BSERealty and BSE Oil and Gas indices thatwere down 4.1 per cent and 3.2 per centrespectively.
Nifty 50 (17,764.8)Nifty 50 failed to get a strong followthrough rise last week. It made a highof 18,210 on Monday and fell sharply tobreak and close below 17,800 — thesupport that was holding well in theweek earlier. Nifty has closed at17,764.8, down 1.87 per cent.
The week ahead: An immediatesupport is at 17,700 which will need aclose watch this week. If Nifty manages to sustain above this support, abounce to 17,90018,000 is possible.But 18,00018,100 is a strong resistancethat can cap the upside. As such, Niftyis likely to remain below 18,100 and beunder pressure to break 17,700. Thetarget on a break below 17,700 will be17,50017,450.
Mediumterm outlook: The region between 17,500 and 17,450 is a
strong support. A corrective bouncefrom this support zone towards17,70017,850 is a possibility. But on thecharts, the break below 17,700 will indicate a complex head and shoulderreversal pattern on the daily chart. Assuch, the bounce from 17,500 can becapped at 17,70017,850. A pullbackagain from the 17,70017,850 regionwill keep the broader outlook bearishto break below 17,450. Such a breakcan drag the Nifty to 17,000. Such a fallto 17,000 could be a good buyingopportunity.
Trade strategy: Positional traderscan make use of rallies to go short at17,830 and accumulate shorts at17,950. Keep the stoploss at 18,120.Trail the stoploss down to 17,760 assoon as the index moves down to17,640. Book partial profi�ts, for 40 percent of your holdings at 17,530. Thenmove the stoploss down to 17,660 forthe rest of the short position. Exit theremaining 60 per cent of the holdingat 17,230.
Sensex (59,636.01)Sensex failed to break above the resistance at 61,000 last week. It made ahigh of 61,036.56 and has come off�sharply to close below 60,000 lastweek. The index has closed at59,636.01, down 1.73 per cent.
The week ahead: Inability tobreach 61,000 and the subsequent fallbelow 60,000 last week keeps the biasbearish for Sensex. A test of 59,000 —the key shortterm support — is possible this week. Whether Sensex manages to sustain above 59,000 or not isgoing to be crucial, going forward. IfSensex sustains above 59,000 it cansee a consolidation between 59,000and 60,000 for some time. But on thecharts, the chances are looking highfor the Sensex to break below 59,000eventually, if not immediately.
Mediumterm outlook: Sensexwill now have to rise past 61,000 tobring back the bullishness. A range of
59,00061,000 is possible for a fewweeks if Sensex manages to holdabove 59,000. But as mentionedabove, the bias on the chart is bearishto see a break below 59,000. Such abreak can drag the Sensex down to57,000 — a crucial mediumtermtrend support. The price actionaround 57,000 will need a close watch.If Sensex breaks below 57,000, it cantumble towards 55,000. But for now,we expect 57,000 to hold and keep themediumterm uptrend intact.
Nifty Bank (38,926.25)The Nifty Bank extended the fall in linewith our expectation and has closed inthe red for the second consecutiveweek. Indeed, it fell straight away towards 37,700 without seeing a corrective bounce from the 38,00037,950support zone. The Nifty Bank indexmade a low of 37,750 and bouncedslightly from there to close the week at37,926.25, down 2.08 per cent.
The trailing stoploss placed at38,400 on the shortpositions taken at
39,675 has got hit on the intradaybounce seen from 38,000 onWednesday.
For this week 38,00038,050 is animmediate resistance. Next importantresistance is at 38,300. If the index continues to trade below these resistances, the chances are high for it to fallfurther towards 37,000. The level of37,000 is a strong support which canhold on its fi�rst test. The chances arehigh for the index to bounce backfrom 37,000 towards 38,000 or evenhigher in the coming weeks. The priceaction near 37,000 will need a closewatch,
It is better to stay out of the marketfor a week or so. However, if you are atrader with a high risk appetite, takefresh short positions now and accumulate shorts at 38,150. Keep a tightstoploss at 38,350 and book profi�ts at37,150. Trail the stoploss down to37,550 as soon as the index movesdown to 37,350. We reiterate, this traderecommendation is only for thosewith high risk appetite.
Global cuesThe Dow Jones Industrial Average(35,601.98) failed to break the resistance at 36,250 decisively last week. Itmade a high of 36,316.61 on Tuesdayand has comeoff� sharply breaking below 36,000 again. The index hasclosed the week at 35,601.98, down 1.38per cent.
Inability to breach 36,250 followedby a strong fall below 36,000 keeps thenearterm outlook bearish. As long asthe Dow stays below 36,000 thechances are high for it to fall towards35,000 in the coming weeks. A bouncefrom around 35,000 can keep it in arange of 35,00036,000 for some time.A strong break below 35,000 will thenincrease the danger of the fall extending up to 34,000. As such, the price action at 35,000 will need a close watchto see if the Dow is managing tobounceback from there or not.
Sensex, Nifty 50 under pressureA head and shoulder pattern on the chart does not rule out the danger of a steeper fall
What to watch
B Support at 17,450 onNifty
.................................................................................................................
B Support at 59,000 onSensex
.................................................................................................................
B Support at 37,000 onNifty Bank
.................................................................................................................
INDEX OUTLOOK
GURUMURTHY K..........................................
BL Research Bureau
The US Dollar Index has seen a strongrise in the last two weeks. The indexhas broken above 94.50 and hassurged towards 96 in line with our expectation. The dollar index made ahigh of 96.24 and closed at 96.07 lastweek. It has risen 1.96 per cent in thelast two weeks. A sharp fall in the eurohas pushed the dollar index sharplyhigher. The euro had tumbled wellbeyond our expected level of 1.14 andmade a low of 1.1250 last week. It hasclosed at 1.1274 and is down 2.52 percent in the last two weeks.
For the coming week, data on thePersonal Consumption Expenditure(PCE) – the US Federal Reserve’s infl�ation gauge — is due for release on Wednesday. With the stimulus taperalready in place, market will watchthis data closely to get a cue for the beginning of the rate hike cycle. A strongPCE number will increase chances ofthe Fed beginning the rate hikesmuch faster than expected and, inturn, will have a positive impact onthe US Dollar.
Dollar Index: Room to riseThe surge to 96 that we were talkingabout in this column over the last several weeks has happened. There is animmediate resistance at 96.50. A corrective fall from there to 95.5095 cannot be ruled out. A sideways consolid
ation between 95 and 96.50 is apossibility in the near term.
However, from a bigger picture,cluster of supports are seen in the 9594 region. As such, the overall outlookwill remain bullish as long as the dollar index stays above 94. That will keepalive the chances of the index breaking above 96.50 eventually. Such abreak will then pave the way for afresh rise to 98. The dollar index willhave to fall below 94 now in order tocome under pressure and put theuptrend under threat.
Euro: BearishThe fall to 1.14 has happened muchfaster than expected. Indeed, the euro
has declined well below 1.14 also. Theoutlook remains bearish.
The euro can still fall further towards 1.11901.1185. Inability to bouncefrom the 1.11901.1185 support zone candrag the currency further lower towards 1.11201.1100 in the comingweeks. The current fall is likely to halteither at 1.11901.1185 or at 1.11201.1100.Thereafter, a fresh bounce can take itback to 1.13.
Though a strong reversal is notlooking likely, the euro can remain ina sideways range of 1.111.13/1.14 for amonth or two, going forward.
From a bigger picture, as long as theeuro stays below 1.14, there is a dangerof it breaking below 1.11 and see a fur
ther deeper fall to 1.101.08 in the coming months. A strong break above 1.14is needed to ease the downside pressure. However, the euro will have torise past 1.16 to bring back the bullishness into the picture.
Yields: Volatile, but rangeboundThe US 10Yr (1.55 per cent) Treasuryyield has been volatile in the last twoweeks. It rose sharply from 1.45 percent to 1.64 per cent and then hascome off� from there to the currentlevel of 1.55 per cent. Overall, we canexpect the 10Yr Treasury yield to consolidate in the 1.451.65 per cent rangefor some time. Within this range, thechances are high for it to come downtowards 1.45 per cent — the lower endof the range. A slightly broader rangeof trade that is also possible is 1.351.75per cent.
Rupee: Can strengthen furtherThe nearterm outlook is mixed for therupee. The domestic currency cantrade in the range of 7474.45 for sometime. The chances are high for it tobreak 74 and strengthen towards73.8073.70. A slightly broader range oftrade could be 73.7074.60/74.70 forthe next few weeks.
However, from a bigger picture,74.6074.70 is a strong support. Aslong as the rupee sustains above 74.70,the chances are high for it break 73.70and strengthen towards 73.40 and73.20 in the coming months.
Dollar surges as euro tumbles
GET
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ES/I
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PH
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GLOBAL 360
RUPEE WATCH
As long as the rupeesustains above 74.70,the chances are highfor it break 73.70 andstrengthen towards73.40 and 73.20 inthe coming months
But rupeeremains resilientin spite of thestrength in thegreenback
What is the long-term trend for Indian Energy Exchange(IEX) and Navin Fluorine International?
AJIT KUMAR
Indian Energy Exchange (₹�786.15): The outlook forthe stock of IEX is bullish. The fall from the high of ₹�956made in October found support at ₹�641. The bounce fromthis low keeps the overall uptrend intact. While thisbounce sustains, the stockhas potential to target₹�1,200. The stock will comeunder pressure for acorrective fall only on abreak below ₹�695. In such ascenario, a fall to ₹�540₹�530is possible. Such a fall willbe a good buyingopportunity from alongterm perspective. However, on the charts, thechances are looking high to see ₹�1,200 on the upside fromhere rather than a fall to ₹�540₹�530.
Navin Fluorine International (₹�3,549.65): Thisstock is at a crucial juncture with its overall uptrend.There is a sign of top formation in the ₹�4,100₹�4,200region. At the same time, there is a strong longtermsupport at ₹�3,200. The bounceback from this supportseems to lack momentum.So, one has to be cautiousas a break below ₹�3,200,will indicate a trendreversal and drag the stockdown to ₹�2,850₹�2,950. Incase the stock manages tohold above ₹�3,200, asideways consolidationbetween ₹�3,200 and₹�4,200 is a possibility.Investors can hold this stock with a stoploss at ₹�3,050.
What is the medium-term outlook for Strides PharmaScience?
AIYAZ AHMAD
Strides Pharma Science (₹�499.6): The stock is in astrong downtrend since the beginning of this year. Itmade a high of ₹�999 in January and has tumbled about 50per cent from there. The outlook remains bearish.Immediate resistance is at ₹�550. A fall to ₹�450 is possiblein the next couple of weeks.From a mediumtermperspective the stock canstill fall to ₹�400 and even₹�350₹�320 in the comingmonths. Investors holdingthis stock can exit here.Longterm investors canstart buying in smallquantity at ₹�360 andaccumulate more at ₹�330.Keep a stoploss at ₹�220 and hold it. A strong bounce fromthe ₹�350₹�320 region may have the potential to target₹�800₹�850 over the long term, say, twothree years.
TECHQUERY
GURUMURTHY KBL Research Bureau
Send your queries to [email protected]
Avenue Supermarts (₹�5,080.9)Bulls regaining traction
The stock of Avenue Supermarts, which is ona longterm uptrend, witnessed a sharp dropfrom a high of ₹�5,900 to ₹�4,351. But,thereafter it resumed the upmove and isabove the important level of ₹�5,000. Theprice action hints at further appreciation.However, an intermediate correction to₹�4,830 cannot be ruled out. Traders can buythe stock at current levels and accumulate at₹�4,830. Place initial stoploss at ₹�4,620. Onthe upside, the stock has potential to moveto ₹�5,700 with a minor pause at ₹�5,500.Thus, traders can exit half of the longs whenstock reaches ₹�5,500. Thereafter, shift thestoploss to ₹�5,300 and exit the remainingpositions when price hits ₹�5,700. If the stockrises above ₹�5,250 without softening to₹�4,830, maintain stoploss at ₹�4,950.
ABFRL (₹�284.7)At a significant support
The stock of Aditya Birla Fashion and RetailLimited (ABFRL) has been on a steadyuptrend since May 2020. This rally hasbreached the multiyear resistance of ₹�280and sustains well above thisresistanceturnedsupport band of ₹�270280.Despite a price correction last week, thetrend remains bullish. The scrip is expectedto rebound from current levels. The 21daymoving average and a rising trend linecoincide within this price band, making thesupport stronger. So, one can buy the stock atcurrent level and accumulate more at ₹�270with stoploss at ₹�260. Book 50 per centprofi�t when the stock appreciates to ₹�310,which is the previous high. At this juncture,revise the stoploss to ₹�295 for the rest of theholdings and look for next target of ₹�325.
JSW Energy (₹�295.3)Breaches a support
The stock of JSW Energy saw a sharp rally in2021 and in midOctober it marked a freshlifetime high of ₹�408. However, the uptrendlost momentum and the stock is on a descent.Last week, it slipped below a rising trend lineand broke the support at ₹�300, opening thedoor for further weakness. The RSI and MACDalso indicate bearishness, and the trend will bebearish until price stays below ₹�335. Moreover,the 21day moving average has gone below50day moving average, indicating a potentialshift to mediumterm downtrend. Hence,traders can short at current level and sell againif it rises to ₹�320. Initial stoploss can be at ₹�340.From the current level, the nearest support canbe spotted at ₹�250, where one can exit shorts.Revise stoploss to ₹�295 when price dropsbelow ₹�270.
NAMIndia (₹�403.4)Downtrend set to extend
The stock of Nippon Life India AssetManagement (NAMIndia) was on anuptrend since September 2020 after takingoff� from the support at ₹�250. But the trendreversed in October this year afterregistering a high of ₹�476.5. Last week, thedowntrend gained further momentum andbroke below the rising trend line and looksset to extend the decline. Supports are at₹�378 and ₹�360. The bear trend iscorroborated by the RSI and the MACD on thedaily chart as they lie in the negativeterritory. So, one can short the stock atcurrent levels and at ₹�418. Keep stoploss at₹�430 and exit half of the positions at ₹�378,revise the stoploss to ₹�400 for the rest. Carrythe remaining shorts to the subsequenttarget of ₹�360.
Godrej Consumer Products (₹�919.6)Bears having the upper hand
The stock of Godrej Consumer Products, aftermoving above ₹�1,000 in August this year,made a fresh high of ₹�1,138 in midSeptemberthis year. But thereafter it failed to retain themomentum and reversed downwards,breaking below the ₹�1,000mark. The priceaction indicates that the stock is likely todepreciate more from current levels. Nearestsupports are at ₹�820 and ₹�760. The 21daymoving average, currently at ₹�975, has beenacting as a strong resistance and the stockwill be weak until the price stays below it. Itmight retest this level. So, sell the stock atcurrent level and accumulate shorts at ₹�975.Initial stoploss can be at ₹�1,015. When thestock declines to ₹�820, book half of the profi�tand shift the stoploss to ₹�875. Remainingshorts can be liquidated at ₹�760.
MOVERS & SHAKERS AKHIL NALLAMUTHU, BL Research Bureau
On April 1, four years back, piqued by the incessant jokes inthe village at his expense, Bandu Barve decided he’d hadenough. It was time for him to turn ‘smart’. His dead granny'svoice rang in his ears — “Read the papers, Bandya, they tellyou all.” So, off went Bandu to the stash of newspapers on hisfather’s desk. As luck would have it, the fi�rst paper Bandu gothis hands on was The Hindu BusinessLine. The stock recos, inparticular, had him in thrall. Soon Bandu metamorphosed intoan ace investor and trader.
These days, Bandupicks fi�ve stocks each
Sunday, which he believeswill be blockbusters over the next week
Here's your chance to match step with Bandu. Guess the stock that will give the best return by next Friday (BSE
prices). By Wednesday noon, mail us your pick and its expected pricerise to [email protected] with your name, mobile number
and address. One lucky winner will get a prize of ₹�2,000.
Last week’s prize winner
Brij Lal Dhiman
Last week’s winning stock
Thermax
Closing price (Nov 12): ₹�1,533.1
Closing price (Nov 18): ₹�1,671.35
Return: 9.02 per cent
BANDU’S
BLOCKBUSTERS
BANDU’s PICKS
■ Apollo Hospitals Enterprise■ Finolex Cables■ Welspun Corp■ Biocon■ Spicejet
CMYK
MUMBAI
BusinessLine 7SUNDAY • NOVEMBER 21 • 2021 CHART-GAZING
Scan & Share
................BM-BME
Wondering how to choose stocks foryour portfolio from the dozens whichare listed? Or how to keep track of theones you own? Well, the listings on this page help yousift through the leading companies ontheir fundamentals and keep an eagleeye on their fi�nancial performance.Here’s a short guide to interpreting thenumbers:CMP (Current Market Price) is the closing price of a stock on BSE on its lasttraded day, usually Friday.EPS (Earnings per Share) is the netprofi�t that the company has earned inthe latest fi�nancial period, on each outstanding share. Here, we capture eachcompany’s total EPS for the last available trailing 12 months.PE (Price Earnings Ratio) is the singlemost important number to gauge if astock is expensive or cheap enough tobuy. It divides the company’s currentmarket price by its EPS.PB (Price to Book value) measures acompany’s stock price relative to itsbook value or net worth. PB is the appropriate value measure for banks and assetheavy companies.Sales (Qty) and Profit (Qty) capturethe growth in a company’s net sales andnet profi�ts for the latest reportingquarter, over the previous year, in percentage terms. We’ve adjusted the num
bers for oneoff� and exceptional items.Sales (TTM) and Profit (TTM) makethe same comparisons for the trailingtwelve months.Wkly Rtn (Weekly Return) gives thechange in the price of a stock in the lastone week.ROCE (Return on Capital Employed)tells you what returns a business is generating on the capital it uses.DER (Debt Equity Ratio), which dividesa company’s total loans by shareholderfunds, indicates how indebted a company is.ROCE and DER give you the latest available yearend numbers for thecompany.Yearly High and Low tell you therange that the company’s stock hasspanned in the last one year.Face value other than ₹�10 per share ismentioned in brackets next to the company name. As far as possible, consolidated numbers (latest available) havebeen used for a holistic picture of thecompany’s fi�nances. Given that the top 500 listed companiesare usually the most liquid and wellrun, we’ve restricted the list to the S&PBSE 500 index constituents.Note: Very large percentage changes insales and profit are reflective of a changefrom near-zero or negative value. Source: Capitaline database
Takeaways from Take 500
Valuation Radar: The Good, The Bad, The Ugly
Capital ConsumerNifty 50 Sensex Auto Bankex Goods Durables FMCG Healthcare IT Metal Oil & Gas Power PSU Realty Teck
P/E 24.5 28.1 59.5 24.4 64.6 75.2 40.0 35.1 34.8 6.1 8.7 20.9 8.3 68.4 50.5
P/BV 4.5 3.7 4.2 2.7 4.5 12.1 7.5 4.7 8.9 1.7 1.6 2.5 1.2 3.6 9.1
Dividend Yield 1.1 0.9 1.0 0.3 0.7 0.3 2.1 0.5 1.4 3.1 3.6 2.0 3.6 0.2 1.3
Weekly Return (%) -1.9 H -1.7 H 0.6 G -2.1 H -2.1 H -1.3 H -0.3 H 0.1 G -0.7 H -5.8 H -3.2 H 0.1 G -2.4 H -4.1 H -1.2 H
Monthly Return (%) -3.9 H -3.4 H 0.1 G -4.0 H 4.1 G -4.3 H -7.1 H -4.0 H -1.8 H -14.9 H -4.7 H -1.3 H -6.8 H -4.1 H -1.2 H
Annual Return (%) 37.3 G 35.0 G 34.9 G 26.9 G 68.9 G 73.4 G 24.6 G 27.9 G 64.0 G 96.5 G 42.5 G 86.1 G 67.5 G 106.8 G 57.7 G
The sector indices are disseminated by S&P BSE.
Company CMP EPS PE PB Year End Sales Profit Sales Profit Wkly ROCE DER Yr.High Yr.LowQty Qty TTM TTM Rtn
Company CMP EPS PE PB Year End Sales Profit Sales Profit Wkly ROCE DER Yr.High Yr.LowQty Qty TTM TTM Rtn
Company CMP EPS PE PB Year End Sales Profit Sales Profit Wkly ROCE DER Yr.High Yr.LowQty Qty TTM TTM Rtn
The Indian benchmark indices, Sensexand Nifty 50 fell by 1.7 per cent and 1.9 percent respectively last week. Most sectoralindices also fell signifi�cantly, led by BSEMetal (5.8 per cent), BSE Realty (4.1 percent) and BSE Oil & Gas (3.2 per cent). BSEAuto, BSE Healthcare and BSE Power werethe only indices which ended in green,gaining 0.6 per cent, 0.1 per cent and 0.1per cent respectively.
3M India 25201.5 199.0 126.6 14.2 202109 21.8 -14.4 28.4 36.2 -5.7 11.7 0.0 30975.0 18800.0
A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A B B [2] 2144.1 15.8 136.1 12.2 202109 10.2 48.5 7.9 72.6 -3.2 7.1 0.0 2232.9 989.9Aarti Drugs 531.7 22.8 23.3 5.3 202109 0.3 -43.4 7.1 -13.5 -3.9 33.4 0.5 841.4 516.0Aarti Industries [5] 972.6 17.7 54.9 7.1 202109 32.3 25.6 23.3 36.0 2.6 12.3 0.8 1168.4 537.3AAVAS Financiers 2785.8 41.0 67.9 8.6 202109 20.1 39.2 22.3 32.9 -2.8 10.0 2.6 3068.3 1470.3ABB Power Produc [2] 2543.0 29.6 85.9 11.0 202109 -10.0 -61.2 5.3 501.2 7.5 19.4 0.2 2798.2 945.0Abbott India 19593.0 337.8 58.0 17.3 202109 15.9 6.4 11.4 9.0 -0.8 34.1 0.1 23902.3 13970.1ACC 2439.7 103.6 23.5 3.4 202109 45.0 66.2 13.1 66.4 -5.1 15.7 0.0 2588.0 1490.0Adani Enterp. [1] 1688.8 10.9 155.0 10.0 202109 44.8 -41.4 31.4 36.2 -0.9 8.2 0.8 1766.5 378.1Adani Green 1346.9 2.7 508.1 185.9 202109 114.7 460.7 57.2 165.1 4.2 9.9 8.6 1394.0 860.2Adani Ports [2] 725.9 26.6 27.3 4.8 202109 21.7 -7.6 34.8 41.9 -3.2 13.6 1.2 901.0 370.3Adani Power 103.0 -0.6 3.0 202109 -33.1 -110.3 -2.6 51.5 -5.1 9.7 5.4 167.1 35.0Adani Total Gas [1] 1649.7 5.4 305.6 82.2 202109 55.1 11.6 41.9 42.2 -0.6 30.7 0.3 1715.0 301.0Adani Transmissi 1887.4 12.2 154.7 21.5 202109 15.0 31.8 0.2 51.0 -5.5 10.4 2.9 2025.0 344.6Aditya Bir. Fas. 284.6 -4.5 10.4 202109 99.8 -97.1 17.3 46.0 -4.6 0.0 2.4 310.0 144.1Aditya Birla Cap 102.8 5.6 18.5 1.7 202109 21.7 42.6 15.5 55.8 -3.5 8.1 4.1 139.6 76.0Advanced Enzyme [2] 337.2 12.7 26.5 3.7 202109 5.6 -20.1 18.1 4.4 -4.5 22.8 0.0 503.0 299.2Aegis Logistics [1] 197.8 8.5 23.3 3.3 202109 -2.3 65.7 -17.6 74.2 -6.0 14.3 0.2 394.4 197.1Affle India [2] 1158.4 12.9 89.5 14.9 202109 103.6 77.1 80.2 109.4 -0.8 33.9 0.3 1259.3 578.0AIA Engineering [2] 1888.5 61.2 30.9 4.0 202109 21.0 -6.2 12.9 0.6 -0.6 17.8 0.0 2224.4 1735.3Ajanta Pharma [2] 2117.4 81.5 26.0 5.5 202109 23.6 15.1 15.5 26.7 -3.0 31.6 0.0 2420.0 1511.0Akzo Nobel 2204.9 64.4 34.2 7.8 202109 22.1 -15.9 34.5 62.3 4.2 20.3 0.1 2510.0 2001.2Alembic Pharma [2] 762.9 44.6 17.1 2.9 202109 -11.3 -49.2 0.0 -20.4 -2.3 25.4 0.3 1150.0 720.8Alkem Lab [2] 3482.2 142.5 24.4 5.0 202109 18.5 15.3 17.0 16.3 -1.9 21.7 0.3 4067.7 2544.3Alkyl Amines [2] 3276.1 37.2 88.0 31.2 202003 -1.1 160.1 17.3 118.3 -0.2 43.5 0.3 4740.0 1264.8Allcargo Logist. [2] 354.3 11.9 29.9 3.3 202109 113.0 238.3 79.8 61.0 -4.8 9.7 0.8 395.9 121.3Alok Industries [1] 22.0 -0.1 -0.6 202109 134.2 -146.4 108.7 98.2 -3.5 0.0 0.0 32.3 18.3Amara Raja Batt. [1] 649.6 38.1 17.0 2.5 202109 17.0 -28.3 28.0 15.3 -6.8 21.2 0.0 1025.0 646.6Amber Enterp. 3391.8 36.3 93.5 7.0 202109 44.0 347.6 32.0 89.2 2.2 9.0 0.3 3788.4 2137.3Ambuja Cements [2] 400.8 16.9 23.7 3.3 202109 7.7 7.1 19.0 50.7 -5.2 17.2 0.0 443.0 225.9APL Apollo Tubes [2] 910.6 21.2 43.0 11.5 202109 39.8 42.5 47.7 120.8 -1.0 26.7 0.4 1049.9 315.5Apollo Hospitals [5] 5589.2 53.8 104.0 15.2 202109 34.6 554.5 21.7 14493.7 19.7 6.5 0.8 5845.3 2237.0Apollo Tyres [1] 223.9 16.4 13.6 1.2 202109 18.2 -43.2 30.4 142.5 -3.7 8.5 0.6 261.2 169.9Ashok Leyland [1] 139.4 -0.3 5.5 202109 44.2 -184.9 52.1 83.8 -4.3 5.5 3.0 153.4 87.3Ashoka Buildcon [5] 103.9 13.9 7.5 3.8 202109 6.4 9.1 16.1 84.2 -4.2 13.4 12.5 125.0 70.4Asian Paints [1] 3226.6 33.9 95.1 24.8 202109 32.6 -28.2 42.5 43.1 3.3 34.4 0.1 3504.1 2116.6Aster DM Health. 196.4 7.0 28.1 2.8 202109 11.7 225.3 10.3 46.3 -5.4 8.8 1.6 237.3 132.6Astral [1] 2302.4 25.5 90.2 22.1 202109 54.5 62.9 58.7 127.7 0.3 29.7 0.1 2431.9 1030.5Astrazeneca Phar [2] 3092.5 28.2 109.6 16.4 202109 -5.6 -54.6 -4.6 -13.2 0.6 29.9 0.0 4900.0 2958.5Atul 8697.0 228.5 38.1 6.1 202109 24.7 -15.9 19.9 12.3 0.1 24.4 0.0 10975.4 5951.1AU Small Finance 1215.3 36.0 33.7 5.7 202109 15.9 -13.5 13.2 35.3 0.0 0.0 0.0 1389.0 723.0Aurobindo Pharma [1] 639.4 54.0 11.8 1.6 202109 -7.7 -13.7 -0.6 0.5 -7.1 18.3 0.3 1063.8 634.0Avanti Feeds [1] 546.9 18.9 28.9 4.2 202109 8.3 -66.9 14.9 -26.5 -2.3 28.6 0.0 675.0 411.9Avenue Super. 5082.8 21.2 239.6 25.9 202109 46.8 110.4 25.5 53.7 0.1 12.7 0.0 5899.9 2221.0Axis Bank [2] 706.9 32.6 21.7 2.0 202109 2.9 84.4 -1.3 181.8 -4.0 0.0 0.0 866.6 568.5
B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B H E L [2] 62.3 -5.0 0.9 202109 42.6 -108.3 20.8 38.0 -4.4 0.0 0.2 79.5 28.1B P C L 405.4 56.3 7.2 1.8 202109 54.7 28.1 25.4 112.5 -5.2 17.6 1.3 503.0 357.0Bajaj Auto 3550.9 209.6 16.9 3.8 202109 19.1 36.3 36.2 42.2 -2.4 25.3 0.0 4361.2 3003.7Bajaj Consumer [1] 200.2 14.1 14.2 3.7 202109 -4.5 -18.3 15.2 13.2 -5.9 37.9 0.0 323.5 178.2Bajaj Electrical [2] 1071.7 17.1 62.6 7.5 202109 6.1 18.1 10.9 910.6 -1.9 12.5 0.6 1588.6 526.8Bajaj Finance [2] 7491.6 82.4 90.9 11.6 202109 16.1 53.5 1.0 10.8 -1.1 9.4 3.8 8020.2 4361.6Bajaj Finserv [5] 17912.4 265.4 67.5 7.5 202109 18.0 13.8 10.2 19.9 -2.0 11.9 3.8 19320.0 7319.5Bajaj Holdings 4889.0 360.2 13.6 1.3 202109 26.7 29.7 8.4 40.9 -1.9 11.6 0.0 5161.4 2657.7Balaji Amines [2] 3160.8 101.7 31.1 9.7 202109 86.2 74.3 79.9 147.9 6.0 34.9 0.3 5220.0 850.0Balkrishna Inds [2] 2312.2 73.8 31.3 6.8 202109 31.3 14.7 41.4 48.5 -2.1 24.0 0.2 2724.4 1515.4Balmer Lawrie 124.1 9.3 13.4 1.4 202109 33.8 -9.0 36.7 36.6 -2.1 7.8 0.1 171.0 100.2Balrampur Chini [1] 315.7 20.7 15.2 2.5 202109 -5.9 6.1 -21.4 -20.5 -7.0 16.6 0.5 398.3 148.7Bandhan Bank 305.8 -11.8 3.4 202109 -0.5 -427.0 9.5 -169.9 -1.6 0.0 0.0 430.3 259.4Bank of Baroda [2] 96.2 7.4 13.1 0.6 202109 -6.4 22.4 -7.4 1044.4 -5.0 0.0 0.0 108.0 46.0Bank of India 59.0 6.1 9.7 0.5 202109 -11.7 97.4 -9.3 220.7 -4.5 0.0 0.0 101.5 40.4Bank of Maha 19.8 1.2 16.4 1.1 202109 11.8 93.6 7.2 88.0 -5.3 0.0 0.0 32.0 11.1BASF India 2835.4 118.7 23.9 5.9 202109 38.4 59.8 44.0 524.0 -4.8 22.2 0.4 3927.0 1471.0Bata India [5] 2143.9 2.1 1021.7 16.4 202109 66.9 -16.1 6.8 135.1 -0.5 -0.3 0.6 2261.7 1265.0Bayer Crop Sci. 4732.7 93.4 50.7 7.5 202109 -1.2 -31.4 13.0 -37.6 0.7 30.1 0.0 6127.5 4578.0BEML Ltd 1622.0 24.5 66.1 3.2 202109 50.7 -38.1 40.6 41.2 0.2 3.1 0.2 1699.0 620.2Berger Paints [1] 787.4 8.7 90.7 22.1 202109 27.7 -0.9 42.7 61.3 -0.9 27.1 0.2 872.0 626.5Bharat Dynamics 411.9 18.1 22.7 2.8 202109 102.7 64.8 0.1 6.7 -3.1 10.1 0.0 455.0 297.5Bharat Electron [1] 209.1 9.4 22.2 4.4 202109 14.8 56.5 12.0 33.3 -6.4 24.5 0.0 228.0 95.7Bharat Forge [2] 779.5 15.8 49.5 6.2 202109 73.4 104203.8 36.0 743.7 0.6 3.1 0.9 848.0 491.3Bharti Airtel [5] 714.2 4.5 157.4 6.5 202109 13.0 -19.1 15.1 132.3 -3.9 0.0 2.3 746.0 450.4Biocon [5] 366.8 5.7 64.0 5.6 202109 5.2 13.8 8.1 6.8 5.8 8.7 0.5 487.7 314.9Birla Corpn. 1413.9 87.5 16.2 2.2 202109 2.6 -48.7 17.1 32.5 -5.2 11.6 1.0 1649.0 661.3Birlasoft Ltd [2] 468.7 14.8 31.6 5.6 202109 18.0 49.3 6.5 54.3 10.2 20.8 0.1 501.6 179.2Bliss GVS Pharma [1] 100.9 7.5 13.5 1.2 202109 51.3 31.4 25.3 10.8 -2.3 12.2 0.2 224.0 91.5Blue Dart Expres 6866.2 137.4 50.0 24.0 202109 29.7 71.0 39.4 632.3 -1.1 14.4 1.0 7260.1 3710.0Blue Star [2] 1037.9 15.4 67.2 11.2 202109 37.4 104.7 23.7 480.3 -1.4 12.5 0.6 1091.2 691.1Bombay Burmah [2] 1077.5 57.5 18.8 1.3 202109 6.4 311.6 5.0 -25.0 -3.5 29.6 0.4 1424.4 1076.0Bosch 17790.2 475.2 37.4 5.1 202109 17.7 29.7 40.8 112.0 -4.1 13.3 0.0 19244.5 11322.0Brigade Enterpr. 493.7 1.0 489.4 4.1 202109 142.2 -39.5 51.1 352.8 -1.8 3.9 2.1 528.6 213.5Britannia Inds. [1] 3578.7 66.2 54.1 47.8 202109 5.9 -22.9 4.5 -11.1 -2.9 44.9 0.5 4152.1 3317.9Burger King 155.3 -3.0 9.7 202109 153.7 -153.6 36.1 33.6 -4.4 0.0 1.5 219.2 108.4
C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cadila Health. [1] 463.2 48.1 9.6 2.9 202109 2.4 437.4 5.5 167.9 -5.9 13.4 0.5 673.7 408.4Cams Services 3052.5 51.6 59.2 26.0 202109 33.0 48.2 21.5 41.7 1.9 35.3 0.0 4064.0 1342.0Can Fin Homes [2] 647.3 35.1 18.5 3.1 202109 -11.0 -3.7 -9.8 11.4 -0.5 8.5 8.0 721.3 432.0Canara Bank 219.4 24.8 8.9 0.7 202109 -3.4 181.8 12.3 340.7 -4.9 0.0 0.0 247.6 92.1Caplin Point Lab [2] 843.0 36.5 23.1 4.8 202109 13.2 31.8 21.6 26.4 -2.2 28.4 0.0 1034.0 402.0Capri Global [2] 525.8 10.0 52.8 5.1 202109 13.8 -14.0 7.9 -5.7 0.8 10.7 2.0 578.7 248.1Carborundum Uni. [1] 903.5 19.1 47.2 7.4 202109 22.1 13.0 28.1 39.1 -0.7 19.2 0.0 957.0 313.0Castrol India [5] 134.4 7.7 17.6 8.8 202109 21.5 -9.1 31.3 13.6 -1.4 55.7 0.0 154.9 116.0CCL Products [2] 400.8 14.2 28.1 4.6 202109 4.5 4.0 9.5 8.2 3.0 16.5 0.5 495.0 225.0CEAT 1219.9 88.8 13.7 1.5 202109 23.9 -76.7 37.9 23.7 -3.2 13.3 0.6 1763.2 1018.6Central Bank 21.2 -1.0 0.8 202109 -4.5 56.3 -8.8 33.5 -3.4 0.0 0.0 29.7 11.5Century Plyboard [1] 674.7 12.7 53.0 10.9 202109 55.8 97.2 43.8 180.2 -0.6 19.2 0.2 715.0 190.7Century Textiles 803.1 8.1 99.7 2.5 202109 67.5 216.4 30.4 41.0 -7.6 0.7 0.4 1003.3 315.0Cera Sanitary. [5] 5372.2 100.7 53.4 7.7 202109 24.4 74.8 26.8 44.4 -0.8 14.9 0.1 6430.5 3000.0CESC [1] 88.0 10.2 8.6 1.1 202109 4.3 -11.4 13.3 11.9 -2.8 10.9 1.5 102.5 55.3Chalet Hotels 267.7 -5.3 4.0 202109 118.0 -129.2 -38.4 -3664.7 -3.7 -2.8 1.2 290.0 125.1Chambal Fert. 365.3 35.7 10.2 2.6 202109 12.3 15.8 4.0 13.5 5.9 20.2 1.5 451.0 177.4Chola Financial [1] 700.9 40.8 17.2 2.2 202109 2.4 26.8 6.9 -0.7 -2.1 10.9 11.9 763.1 436.1Cholaman.Inv.&Fn [2] 618.3 19.4 31.8 4.9 202109 1.7 40.5 10.4 22.8 -6.7 9.7 6.7 667.5 317.2Cipla [2] 892.3 33.1 26.9 3.7 202109 10.3 6.9 16.4 45.2 -2.6 17.4 0.1 1005.0 727.0City Union Bank [1] 156.2 8.6 18.1 1.9 202109 -3.7 15.5 -4.0 55.6 -4.6 0.0 0.0 199.8 142.8Coal India 153.5 22.4 6.9 2.3 202109 9.3 -0.4 8.5 1.4 -8.1 17.2 0.2 203.9 119.8Cochin Shipyard 361.4 46.4 7.8 1.1 202109 5.9 22.5 5.6 33.7 -2.8 19.6 0.0 433.8 318.0Coforge 5582.2 86.6 64.4 13.7 202109 36.0 21.5 24.8 14.4 3.0 23.1 0.0 6029.4 2265.2Colgate-Palmoliv [1] 1478.3 39.2 37.7 24.1 202109 5.2 -1.8 10.9 21.7 -3.1 89.4 0.1 1823.0 1468.9Container Corpn. [5] 653.0 12.2 53.5 3.7 202109 21.7 37.4 26.5 1.9 -4.9 7.4 0.0 754.1 364.7Coromandel Inter [1] 790.8 45.9 17.2 4.0 202109 33.3 -11.8 15.9 0.6 -0.2 31.7 0.3 956.0 712.2CreditAcc. Gram. 585.6 5.5 106.5 2.4 202109 7.2 -19.7 17.6 -70.3 -3.2 8.3 3.2 839.0 541.0CRISIL [1] 3218.0 55.9 57.6 16.4 202109 17.7 25.1 18.6 19.8 1.0 34.8 0.0 3496.0 1742.4Crompton Gr. Con [2] 451.7 10.4 43.4 13.8 202109 14.2 12.1 31.6 36.3 -3.2 35.9 0.2 512.1 288.9CSB Bank 295.3 15.9 18.6 2.3 202109 5.5 72.1 18.0 203.0 1.8 0.0 0.0 373.0 197.1Cummins India [2] 915.2 27.9 32.8 5.2 202109 47.0 27.6 34.1 26.5 -0.7 17.1 0.1 1065.0 485.5Cyient [5] 1142.0 39.4 29.0 4.3 202109 10.8 44.6 3.2 36.4 3.8 14.6 0.2 1292.0 428.0
D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dabur India [1] 608.7 10.2 59.4 13.2 202109 12.0 4.7 20.4 18.7 1.1 27.0 0.1 658.8 483.0Dalmia BharatLtd [2] 2014.9 66.5 30.3 2.6 202109 11.4 -10.3 22.5 163.6 -6.0 10.1 0.4 2547.2 944.3DCB Bank 99.0 8.8 11.3 0.9 202109 -1.0 -21.1 -3.7 -16.6 -3.4 0.0 0.0 126.5 82.0DCM Shriram [2] 963.3 51.4 18.7 3.1 202109 4.6 33.2 5.1 39.0 -6.2 15.6 0.4 1250.0 337.2Deepak Fertiliz. 370.9 34.8 10.7 1.3 202109 27.7 14.5 29.2 66.6 -6.5 14.6 1.2 492.6 139.2Deepak Nitrite [2] 2288.8 78.0 29.3 11.0 202109 70.3 49.4 53.9 77.8 -2.7 39.6 0.4 3020.0 783.0Delta Corp [1] 292.0 0.2 1636.5 4.1 202109 94.7 -153.4 2.1 -65.1 -2.0 0.3 0.0 308.6 125.6Dhanuka Agritech [2] 738.7 43.1 17.1 3.8 202109 -0.8 -9.6 4.5 6.4 -3.7 36.1 0.0 1053.2 669.0Dilip Buildcon 560.1 -2.5 2.3 202109 30.6 -2818.2 16.6 -118.1 -10.9 12.7 3.0 749.3 341.6Dish TV India [1] 18.0 -4.4 1.2 202109 -15.1 -53.6 -11.8 -248.3 6.5 0.0 0.4 23.4 8.6Dishman Carbogen[2] 228.1 -14.1 0.6 202109 4.4 72.0 3.2 -420.8 5.5 0.0 0.3 259.5 102.6Divi's Lab. [2] 4789.3 80.5 59.5 12.8 202109 13.6 16.7 18.7 21.4 -1.1 32.0 0.0 5425.0 3154.5Dixon Technolog. [2] 5384.5 31.5 171.1 38.3 202109 71.1 19.6 123.7 73.1 -0.4 28.4 0.2 6240.0 2013.6DLF [2] 416.1 6.7 62.5 2.9 202109 -8.0 33.7 13.1 155.9 -2.8 4.1 0.2 449.8 179.7Dr Lal Pathlabs 3604.2 48.5 74.3 21.9 202109 15.4 11.4 49.8 101.7 -0.8 33.1 0.0 4243.0 2106.1Dr Reddy's Labs [5] 4668.9 117.9 39.6 4.2 202109 17.7 29.0 12.2 21.9 -3.6 15.3 0.2 5613.7 4135.9
E. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
eClerx Services 2404.6 103.7 23.2 4.9 202109 45.0 65.2 31.8 52.0 1.6 24.7 0.1 2619.0 699.0Edelweiss.Fin. [1] 76.4 6.8 11.3 1.1 202109 -17.6 18.1 0.3 125.2 -4.3 10.2 5.1 100.8 56.4Eicher Motors [1] 2605.3 61.0 42.7 6.2 202109 4.9 8.7 32.7 53.0 -4.3 16.3 0.0 3035.5 2303.8EID Parry [1] 504.2 30.8 16.3 1.8 202109 19.6 -23.3 8.9 -17.3 0.1 25.8 0.7 574.0 300.9EIH [2] 141.8 -4.1 3.0 202109 219.9 -132.7 -29.4 -82.6 -0.6 -11.4 0.2 155.0 81.4Emami [1] 517.0 12.6 41.1 11.2 202109 7.4 56.5 21.6 68.6 -7.4 29.1 0.1 621.4 378.3Endurance Tech. 1749.1 45.3 38.6 6.7 202109 6.6 -20.2 38.2 70.8 -3.7 16.3 0.2 1981.0 1022.6Engineers India [5] 69.8 1.9 37.1 2.3 202109 -5.1 -80.7 15.4 -71.2 -1.9 24.4 0.0 93.6 67.7EPL Ltd [2] 208.6 7.5 27.9 3.7 202109 12.8 -24.3 11.5 1.8 -1.5 16.0 0.4 294.0 202.1Equitas Holdings 120.8 10.8 11.2 1.3 202109 13.0 -64.3 26.0 51.0 -4.5 9.5 6.6 144.9 50.7Equitas Sma. Fin 63.5 2.4 26.3 2.1 202109 5.8 -60.0 14.3 -7.1 -2.3 0.0 0.0 76.8 32.8ERIS Lifescience [1] 760.4 28.2 27.0 6.0 202109 8.6 9.9 14.0 21.2 -2.7 26.8 0.0 863.2 503.1Esab India 2577.9 51.0 50.6 15.0 202109 33.3 33.7 25.0 29.2 -4.7 26.8 0.0 2854.0 1330.0Escorts 1802.9 67.0 26.9 4.6 202109 1.2 -23.7 32.3 50.1 14.2 27.8 0.0 1825.0 1100.1Exide Inds. [1] 176.3 9.3 18.9 2.0 202109 18.6 -23.6 25.8 26.3 -2.9 5.5 0.1 220.6 156.8
F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
FDC [1] 281.8 17.4 16.2 2.5 202109 7.1 -17.8 12.3 -4.9 -8.1 23.6 0.0 404.9 260.0Federal Bank [2] 94.8 8.5 11.2 1.1 202109 -1.5 54.0 0.4 18.3 -5.3 0.0 0.0 107.7 56.9Fine Organic [5] 3574.7 47.7 74.9 14.0 202109 61.8 59.8 38.4 12.5 8.4 21.4 0.2 3787.4 2130.0Finolex Cables [2] 585.7 35.7 16.4 2.5 202109 45.9 41.4 41.7 73.9 16.2 19.6 0.0 607.5 277.5Finolex Inds. [2] 219.6 15.1 14.5 3.9 202109 84.9 89.9 66.8 178.3 -3.2 34.6 0.1 268.0 114.8Firstsour.Solu. 173.7 7.2 24.1 4.1 202109 20.4 28.2 31.1 34.1 -2.2 15.6 0.5 242.7 66.5Force Motors 1554.6 -59.3 1.1 202109 35.0 -107.6 11.9 -633.3 -3.0 -5.2 0.3 1740.0 1051.4Fortis Health. 283.3 2.3 124.2 3.5 202109 47.0 2463.5 36.6 156.6 10.2 0.0 0.2 304.0 136.4Future Consumer [6] 6.9 -1.6 2.5 202109 88.4 -122.9 -47.0 -13.9 -4.3 0.0 0.8 11.9 5.9Future Retail [2] 48.6 -77.4 -2.2 202109 66.3 -261.3 -41.4 -167.8 -2.4 0.0 4.4 91.2 40.6
G . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
G M D C [2] 67.2 9.1 7.3 0.5 202109 121.4 238.6 54.6 54.2 -5.1 1.1 0.0 83.3 45.2G N F C 404.6 69.5 5.8 1.0 202109 76.5 102.1 49.3 117.1 -13.7 13.6 0.1 518.0 190.1G S F C [2] 116.1 15.4 7.5 0.5 202109 19.9 33.9 11.5 194.6 -11.3 6.0 0.1 150.8 63.8GAIL (India) 141.0 21.1 6.7 1.0 202109 57.7 159.3 14.5 10.2 -4.8 12.3 0.1 171.4 92.9Galaxy Surfact. 2990.8 79.7 37.5 7.5 202109 22.1 -48.7 21.2 13.5 0.6 25.1 0.3 3600.0 1808.6Garden Reach Sh. 248.0 17.5 14.1 2.4 202109 54.8 12.6 22.8 44.2 -6.6 18.6 0.0 279.8 167.7Garware Tech. 3457.4 82.1 42.1 8.9 202109 5.0 -7.8 25.3 33.6 -0.7 24.2 0.2 4033.4 2011.3Gateway Distr. 279.3 13.5 20.6 2.3 202109 27.9 1271.6 19.4 372.6 -6.0 8.6 0.6 325.2 99.2GE Power 263.9 0.9 288.0 2.0 202109 -17.5 17.0 17.0 -93.0 -4.0 15.9 0.3 371.8 245.5GE Shipping Co 319.2 17.7 18.0 0.6 202109 14.2 56.9 -19.9 -65.5 -4.3 7.6 0.7 477.0 229.0General Insuranc [5] 145.8 14.6 10.0 0.8 202109 12.4 490.3 -0.6 46945.4 -0.9 -2.2 0.0 243.7 124.0GHCL 384.4 46.3 8.3 1.4 202109 21.8 30.2 22.1 54.3 -7.1 15.9 0.4 483.1 158.4Gillette India 5552.7 91.2 60.9 22.9 202109 11.0 -14.0 19.2 12.6 -2.2 47.2 0.0 6730.2 5400.0Gland Pharma [1] 3418.4 68.0 50.3 8.5 202109 29.9 38.0 32.9 26.8 -1.0 28.0 0.0 4350.0 1701.0Glaxosmi. Pharma 1636.6 30.4 53.8 21.4 202109 14.8 77.4 12.6 39.9 1.5 37.3 0.0 1766.0 1379.0Glenmark Pharma [1] 482.9 36.8 13.1 1.6 202109 7.5 11.0 10.3 21.1 -7.8 14.8 0.7 690.6 442.2GMM Pfaudler [2] 4710.7 63.2 74.5 15.3 202109 247.5 28.8 195.9 17.4 -3.0 11.8 0.9 5435.0 3463.3GMR Infra. [1] 39.3 -2.1 -12.2 202109 49.4 -98.0 2.4 45.2 -6.7 0.0 0.0 46.1 22.5Godfrey Phillips [2] 1187.8 83.7 14.2 2.3 202109 -9.2 1.5 7.6 39.9 -7.0 15.3 0.2 1409.9 831.9Godrej Agrovet 582.2 17.4 33.5 5.4 202109 25.8 2.1 9.0 1.6 -4.0 17.8 0.4 746.8 469.7Godrej Consumer [1] 919.5 17.7 52.0 9.0 202109 8.6 4.7 16.3 15.1 0.0 19.2 0.3 1138.5 644.0Godrej Industrie [1] 603.7 11.8 51.0 3.0 202109 37.5 -4.1 9.4 9.7 -4.4 7.0 1.3 674.4 395.5Godrej Propert. [5] 2182.3 -4.5 7.2 202109 44.5 403.1 -52.1 -191.0 -4.8 0.0 0.6 2598.0 1028.1Granules India [1] 305.8 19.2 16.0 3.2 202109 3.5 -50.7 16.7 15.5 -1.8 25.2 0.4 438.0 285.8Graphite India [2] 479.7 18.7 25.7 2.0 202109 42.7 212.2 10.6 176.2 -9.0 1.0 0.1 815.4 180.1Grasim Inds [2] 1773.3 93.8 18.9 1.7 202109 25.7 34.6 27.4 74.5 -4.6 8.4 1.3 1893.2 832.7Greaves Cotton [2] 153.1 -0.6 4.8 202109 13.4 -381.9 16.2 -190.9 14.0 3.3 0.0 184.3 73.0Grindwell Norton [5] 1779.4 25.5 69.7 14.2 202109 16.8 12.0 32.6 56.7 0.3 24.5 0.0 1875.0 547.1Guj Pipavav Port 101.5 4.4 22.8 2.2 202109 6.6 2.7 6.6 -24.8 -7.8 14.1 0.0 124.2 85.7Guj.St.Petronet 308.9 31.8 9.7 2.4 202109 37.1 -20.1 36.5 26.3 -1.9 36.4 0.5 383.0 190.0Gujarat Alkalies 625.7 28.0 22.4 0.8 202109 29.4 12.9 20.1 21.8 -8.0 4.6 0.1 845.5 304.4Gujarat Fluoroch [1] 2099.4 -0.6 6.0 202109 56.2 162.0 40.8 -103.1 -2.6 11.2 0.5 2209.6 505.0Gujarat Gas [2] 638.1 21.3 29.9 8.6 202109 43.8 -47.6 46.9 49.5 -4.6 33.2 0.4 786.7 313.0Gulf Oil Lubric. [2] 598.6 42.2 14.2 3.3 202109 29.6 -0.7 36.0 26.6 1.2 25.4 0.4 846.2 548.4
Motherson Sumi [1] 237.6 6.4 37.1 5.9 202109 -5.9 -42.8 22.0 8771.6 -3.3 7.8 1.1 273.0 129.2Motil.Oswal.Fin. [1] 923.0 104.7 8.8 2.6 202109 63.8 81.0 54.5 244.1 -4.9 21.2 1.4 1188.0 568.3Mphasis 3334.6 70.6 47.2 10.3 202109 17.8 14.1 13.0 8.4 -0.5 22.8 0.1 3659.8 1283.2MRF 77532.8 2846.7 27.2 2.4 202109 15.6 -54.0 28.2 -10.2 -0.8 13.0 0.2 98575.9 72364.1Multi Comm. Exc. 1811.8 35.8 50.6 6.9 202109 -30.5 -44.2 -7.6 -22.6 -7.0 11.6 0.0 2134.9 1434.8Muthoot Finance 1604.1 99.8 16.1 3.9 202109 8.2 8.2 13.8 15.7 -5.1 15.6 3.3 1722.6 1090.3
N . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Narayana Hrudaya 590.4 13.9 42.4 9.3 202109 56.5 2804.7 34.3 498.1 7.9 1.4 0.8 626.6 354.7Natco Pharma [2] 814.7 14.0 58.1 3.5 202109 -53.0 -67.8 -36.0 -51.2 -1.9 13.7 0.1 1189.0 771.0Natl. Aluminium [5] 94.3 12.4 7.6 1.5 202109 51.3 597.1 44.8 1091.5 -7.0 11.7 0.0 124.8 35.1Navin Fluo.Intl. [2] 3549.7 49.0 72.4 10.2 202109 6.3 -6.8 22.4 -45.1 0.5 23.0 0.0 4212.5 2219.0Navneet Educat. [2] 107.6 1.5 73.7 2.7 202109 41.2 -52.9 -4.8 -41.7 -3.6 5.3 0.2 121.6 72.3NBCC [1] 43.8 1.6 28.0 4.7 202109 38.9 68.3 22.2 58.5 -7.4 15.3 0.0 59.8 24.0NCC [2] 77.5 5.5 14.0 0.9 202109 51.1 40.3 25.8 22.6 -3.2 11.5 0.4 100.0 39.5NESCO [2] 621.7 24.8 25.0 2.8 202109 25.8 35.5 -15.1 -15.0 -1.1 14.3 0.0 697.0 463.5Nestle India 19400.2 232.5 83.4 83.6 202109 9.6 5.2 10.3 8.2 1.4 56.9 0.1 20600.0 15900.0Netwrk.18 Media [5] 79.4 1.5 54.5 13.9 202109 30.8 312.0 13.2 241.2 -7.4 9.9 5.3 96.7 33.5New India Assura [5] 152.4 6.1 25.1 0.7 202109 13.9 -74.2 12.2 -32.7 -4.5 7.5 0.0 197.0 110.5NHPC Ltd 32.6 3.5 9.3 0.9 202109 1.4 12.4 -6.8 27.7 1.1 8.4 0.7 37.0 20.4Nilkamal Ltd 2315.3 82.0 28.2 3.0 202109 38.4 -42.9 31.5 48.1 -3.2 13.1 0.1 3174.0 1332.0Nippon Life Ind. 403.5 12.5 32.4 7.6 202109 26.8 47.1 12.3 70.2 -4.5 31.0 0.0 476.5 283.5NLC India 63.8 9.8 6.5 0.6 202109 47.8 144.5 5.5 2.6 -6.7 7.1 2.0 80.0 46.3NMDC [1] 135.9 35.8 3.8 1.1 202109 204.7 209.2 136.5 248.4 -5.0 28.8 0.0 213.2 92.1NOCIL 247.8 8.2 30.1 3.1 202109 69.3 78.3 79.1 91.3 -4.6 8.6 0.0 321.0 134.8NTPC 135.3 15.8 8.6 1.0 202109 16.9 -9.3 8.3 26.0 -0.7 7.9 1.7 152.1 88.0
O. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
O N G C [5] 154.3 27.2 5.7 0.8 202109 45.9 258.0 23.5 166.9 -0.2 9.2 0.6 172.8 70.7Oberoi Realty 920.8 25.3 36.4 3.5 202109 138.6 93.5 68.5 63.0 -5.4 9.3 0.2 1051.9 437.0Oil India 213.0 43.8 4.9 0.8 202109 32.7 16.4 53.2 19.0 -4.1 13.5 0.7 267.7 90.9Oracle Fin.Serv. [5] 4374.1 216.0 20.3 6.2 202109 7.0 14.2 3.4 16.5 -1.8 35.3 0.0 5144.6 2933.1Orient Cement [1] 161.3 14.6 11.0 2.3 202109 28.4 63.4 30.1 203.7 -8.4 18.8 0.8 185.5 68.0Orient Electric [1] 376.6 7.3 51.8 17.1 202109 37.0 7.2 45.8 157.5 2.9 33.8 0.3 396.0 206.5
P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
P & G Health Ltd 5008.2 104.2 48.1 11.8 202109 3.3 -6.6 9.4 -10.3 -3.0 27.6 0.0 7500.0 5001.6P & G Hygiene 15095.5 189.8 79.5 68.6 202109 4.8 -14.0 14.7 12.0 1.7 86.3 0.0 15500.0 10375.0P I Industries [1] 2866.6 52.2 54.9 7.6 202109 17.0 5.5 25.1 33.1 4.7 21.7 0.1 3533.3 1982.5Page Industries 40515.9 395.1 102.5 45.1 202109 46.4 44.8 43.8 132.7 0.2 47.8 0.2 41750.0 21673.0Persistent Sys 4157.7 74.8 55.6 10.3 202109 34.1 58.6 24.0 57.2 0.2 22.8 0.0 4441.6 1125.0Petronet LNG 225.3 20.1 11.2 2.7 202109 73.4 -11.1 20.0 21.7 -4.9 26.8 0.3 275.3 211.5Pfizer 5069.4 127.8 39.7 9.0 202109 6.9 8.8 16.9 17.4 -1.1 22.7 0.0 6164.8 4200.0Phillips Carbon [2] 230.3 25.4 9.1 1.7 202109 60.8 110.5 48.8 135.9 0.9 16.8 0.3 278.7 143.2Phoenix Mills [2] 1078.5 9.5 113.0 3.3 202109 72.8 65.6 3.1 172.7 -0.1 4.1 1.0 1200.0 634.0Pidilite Inds. [1] 2437.8 26.5 92.1 21.4 202109 39.7 5.1 46.0 49.0 0.5 28.9 0.1 2531.9 1501.6Piramal Enterp. [2] 2552.3 53.8 47.4 1.8 202109 -5.9 -9.5 -2.1 997.5 -3.8 10.4 1.3 3013.0 1283.9PNB Housing 458.3 49.7 9.2 0.8 202109 -21.4 -24.9 -11.6 48.2 -0.9 8.8 7.5 924.0 315.9PNC Infratech [2] 302.7 22.5 13.5 2.4 202109 44.0 68.4 32.1 76.0 -10.7 14.7 1.4 395.6 157.5Poly Medicure [5] 905.4 15.6 57.9 8.5 202109 11.9 9.2 18.0 37.1 -2.4 21.7 0.3 1163.0 449.2Polycab India 2492.7 54.6 45.6 7.6 202109 48.0 -10.3 40.4 7.2 -0.9 24.4 0.1 2647.4 900.0Power Fin.Corpn. 129.5 49.4 2.6 0.5 202109 6.2 15.4 11.6 45.0 -6.2 9.5 11.4 153.8 102.9Power Grid Corpn 192.4 19.9 9.7 1.7 202109 7.7 9.0 6.8 17.1 5.7 10.9 2.2 209.8 134.0Prestige Estates 467.0 9.5 49.0 2.8 202109 -28.3 27.3 -12.0 60.3 -8.4 10.5 1.1 522.0 247.9Prism Johnson 128.9 5.1 25.0 5.0 202109 11.1 -11.9 19.3 363.5 -5.5 9.6 1.9 149.4 79.0PTC India 117.2 16.3 7.2 0.8 202109 -9.7 -2.9 -1.7 31.2 -2.5 10.2 2.7 144.5 51.6Punjab Natl.Bank [2] 41.7 3.4 12.3 0.5 202109 -14.2 91.7 9.9 4162.8 0.0 0.0 0.0 47.6 29.6PVR 1695.2 -116.7 7.0 202109 197.5 -183.2 -74.8 -58.8 -2.2 0.0 3.0 1838.0 961.0
Q. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Quess Corp 906.7 3.8 238.3 5.8 202109 23.4 -22.9 9.6 -44.8 -3.4 7.0 0.5 990.0 402.0
R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
R C F 75.9 8.7 8.7 1.2 202109 12.8 13.5 6.6 18.2 -4.9 9.8 1.1 100.2 45.1Radico Khaitan [2] 1127.6 21.8 51.7 8.0 202109 12.5 -2.2 18.4 29.9 5.6 18.6 0.2 1215.0 422.7Rail Vikas 36.1 5.3 6.8 1.2 202109 26.5 48.7 22.8 62.6 -4.1 10.9 0.9 44.8 18.8Rain Industries [2] 202.8 29.3 6.9 1.1 202109 50.0 99.4 23.3 168.9 -3.6 8.9 1.6 272.9 103.8Rajesh Exports [1] 718.4 32.9 21.8 1.9 202106 10.5 83.0 30.9 -8.0 11.0 11.0 0.4 750.0 448.0Rallis India [1] 264.2 9.6 27.5 3.1 202109 0.4 -30.9 10.7 -7.0 -0.9 19.3 0.1 362.0 243.1Ratnamani Metals [2] 2135.3 62.4 34.2 4.9 202109 23.4 26.1 -6.5 6.1 -5.0 18.5 0.1 2300.0 1455.0Raymond 502.2 3.0 170.0 1.7 202109 130.1 -56.0 24.6 106.9 -0.9 -3.7 1.1 524.4 294.6RBL Bank 203.6 -3.8 1.0 202109 -6.8 -93.6 -8.6 -147.1 -3.6 0.0 0.0 274.0 155.7REC Ltd 136.3 47.1 2.9 0.6 202109 14.1 22.5 15.8 50.3 -6.5 9.3 7.8 168.7 112.4Redington India [2] 144.7 13.3 10.9 2.2 202109 11.1 72.7 17.9 90.8 -3.3 20.7 0.4 179.0 58.3Relaxo Footwear [1] 1332.1 11.7 113.6 20.6 202109 24.1 -8.5 26.5 42.2 -3.2 26.2 0.1 1447.0 706.8Reliance Industr 2472.8 81.5 30.4 2.1 202109 50.7 43.0 17.5 31.4 -4.6 7.8 0.5 2750.0 1830.0Responsive Ind [1] 116.3 2.6 44.4 3.2 202109 52.8 -62.9 51.4 183.1 -4.7 6.1 0.2 205.0 112.0RHI Magnesita [1] 337.2 11.2 30.2 6.4 202109 24.5 32.4 52.0 76.1 -2.0 23.3 0.1 410.0 198.0Rites 285.0 20.0 14.2 2.8 202109 72.1 30.4 11.7 0.6 -3.1 21.4 0.0 318.0 232.4Rossari Biotech [2] 1437.8 17.2 83.5 10.5 202109 124.0 26.7 73.1 36.3 1.2 28.7 0.1 1620.6 777.6Route Mobile 1924.9 23.9 80.7 7.6 202109 24.7 28.3 31.3 42.5 -1.2 33.0 0.1 2388.1 920.0
S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S A I L 110.6 32.2 3.4 0.9 202109 58.5 1398.8 54.3 613.0 -6.0 10.5 1.1 151.1 39.6S C I 140.6 13.3 10.6 0.8 202109 44.8 71.3 -12.2 -30.1 5.2 6.1 0.5 145.5 51.9S H Kelkar & Co. 158.1 12.9 12.2 2.2 202109 1.8 -42.0 34.9 87.3 -8.9 16.1 0.5 207.3 103.7Sanofi India 8150.7 262.3 31.1 11.7 202109 9.9 22.1 -0.6 22.6 -1.7 28.9 0.0 9300.0 7427.8SBI Cards 1029.4 11.0 93.8 13.9 202109 6.7 67.3 1.9 -7.4 -5.2 10.0 3.1 1164.7 780.0SBI Life Insuran 1181.8 12.3 95.7 10.8 202109 14.0 -17.7 18.8 -23.3 0.6 0.8 0.0 1273.4 825.0Schaeffler India 7752.6 185.6 41.8 7.4 202109 32.7 50.5 50.7 148.0 -1.1 12.9 0.0 8377.2 3752.3Schneider Elect. [2] 113.8 -0.1 -131.2 202109 -18.4 -154.1 1.6 74.1 -0.4 0.0 3.0 147.0 77.0Sequent Scien. [2] 177.6 2.9 62.0 5.8 202109 0.3 -52.2 10.0 -14.1 -1.9 14.7 0.4 336.4 150.3Sheela Foam [5] 3187.2 53.0 60.1 12.1 202109 29.3 10.8 42.0 39.4 2.2 23.3 0.3 3224.0 1327.8Shilpa Medicare [1] 560.8 3.6 154.9 3.3 202109 5.9 -68.4 -2.8 -82.1 -1.1 7.6 0.4 671.0 317.1Shoppers Stop [5] 352.2 -14.4 279.4 202109 116.2 -103.7 7.1 53.9 -7.0 0.0 23.4 408.7 172.3Shree Cement 27179.7 726.7 37.4 6.0 202109 2.8 6.8 19.9 54.0 -7.5 18.1 0.2 32050.0 22600.0Shri.City Union. 2052.1 168.1 12.2 1.5 202109 13.6 10.0 6.1 19.6 -2.0 11.0 3.4 2600.0 922.6Shriram Trans. 1600.9 90.6 17.7 1.7 202109 8.1 12.4 8.3 15.1 -1.3 10.3 5.1 1696.2 849.3Siemens [2] 2315.9 30.9 75.0 8.3 202106 147.2 7210.5 26.4 42.1 -2.9 11.0 0.0 2438.5 1357.6SIS [5] 495.3 36.0 13.8 4.0 202109 12.7 -36.5 10.3 121.3 4.3 26.3 0.8 534.9 350.5SJVN 28.6 4.5 6.4 0.8 202109 3.3 -22.8 -2.3 18.1 -3.9 14.3 0.2 33.8 22.3SKF India 3865.0 86.9 44.5 11.3 202109 37.4 80.9 43.2 124.6 -1.1 22.3 0.0 4159.3 1530.0Sobha 874.7 10.4 84.1 3.4 202109 56.9 198.1 -3.6 -32.8 -2.2 12.2 1.3 976.7 296.8Solar Industries [2] 2776.8 37.6 73.8 14.8 202109 34.1 13.2 39.3 55.3 7.8 19.7 0.5 2847.5 981.8Solara Active 1043.2 56.4 18.5 2.3 202109 1.0 -47.5 21.0 28.3 -6.7 14.7 0.5 1859.3 1005.6Sonata Software [1] 844.0 29.9 28.2 9.1 202109 19.8 59.4 19.9 28.6 -2.1 37.3 0.1 1030.0 335.3South Ind.Bank [1] 9.0 -1.2 0.4 202109 -13.3 -387.4 -11.7 -379.5 -3.1 0.0 0.0 14.0 6.5Spandana Sphoort 465.4 21.7 21.4 1.1 202106 33.2 -8.5 8.7 -55.8 -11.2 9.1 1.6 830.0 452.4SPARC [1] 263.6 -9.1 1472.5 202109 58.0 -166.0 -59.4 -32.4 -0.3 0.0 0.0 311.9 141.0SpiceJet 77.4 -27.0 -1.2 202109 26.4 -640.3 -25.4 -12.5 4.6 0.0 0.0 108.0 59.4SRF 2187.5 50.0 43.7 8.6 202109 36.4 21.3 41.8 45.3 1.5 17.9 0.6 2544.0 995.5St Bk of India [1] 504.0 38.2 13.2 1.7 202109 4.3 173.5 1.2 65.5 -1.4 0.0 0.0 542.2 234.0Star Cement [1] 97.7 4.8 20.2 1.8 202109 1.2 -22.8 14.8 -23.5 -4.2 12.8 0.0 120.0 83.0Sterling & Wils. [1] 399.1 -42.8 14.5 202109 7.6 -1315.3 -4.2 -409.4 -7.9 -13.5 1.0 509.0 213.7Sterlite Tech. [2] 287.6 10.6 27.1 5.5 202109 30.0 80.8 27.5 80.8 4.1 12.1 1.4 318.0 144.0Strides Pharma 499.6 -13.7 1.9 202109 -9.1 -249.1 7.7 -170.0 -1.8 7.6 0.9 1000.0 485.3Sudarshan Chem. [2] 571.1 20.4 27.9 5.3 202109 16.5 -25.0 25.3 33.9 -2.3 16.7 0.8 792.0 439.9Sumitomo Chemi. 377.7 7.4 51.2 10.7 202109 0.9 -2.2 10.6 42.1 -0.8 31.9 0.0 459.9 268.4Sun Pharma.Inds. [1] 790.5 30.7 25.8 3.8 202109 12.8 34.3 13.7 53.6 -1.9 13.6 0.1 850.0 496.1Sun TV Network [5] 539.6 43.0 12.6 2.8 202109 10.4 18.0 16.0 38.6 -4.2 30.5 0.0 611.3 410.1Sundram Fasten. [1] 798.4 25.0 31.9 6.6 202109 43.9 19.6 64.0 124.1 -3.2 17.0 0.4 993.0 491.0Sunteck Realty [1] 478.7 3.8 125.5 2.5 202109 -7.3 34.8 30.9 73.0 -1.8 4.2 0.3 524.5 250.1Supreme Inds. [2] 2231.1 91.4 24.4 8.5 202109 40.3 30.7 37.6 154.6 -3.0 41.1 0.1 2689.0 1441.0Suven Pharma [1] 508.2 15.7 32.4 9.5 202109 26.8 30.9 31.0 34.0 -1.0 40.5 0.2 589.8 320.0Suzlon Energy [2] 6.9 -0.3 -1.9 202109 85.9 -107.3 79.1 86.2 -2.9 2.2 0.0 9.5 3.3Swan Energy [1] 120.2 -3.1 3.6 202109 -32.0 -386.0 -2.3 -299.0 -4.8 1.0 2.4 175.6 119.3Symphony [2] 1024.9 17.9 57.4 9.4 202109 15.2 39.3 13.7 6.6 -1.3 15.5 0.3 1529.7 811.0Syngene Intl. 606.1 10.0 60.4 8.1 202109 17.4 8.9 18.4 13.7 9.3 13.5 0.3 700.0 490.4
T. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tanla Platforms [1] 1462.9 32.1 45.6 19.1 202109 44.3 67.1 31.9 300.2 14.6 51.4 0.0 1462.9 425.3Tasty Bite Eat. 13706.0 139.7 98.1 16.4 202109 -5.6 -87.5 17.1 4.8 -12.8 17.7 0.7 21470.5 10720.0Tata Chemicals 926.6 27.1 34.2 1.4 202109 15.8 226.0 12.9 34.0 -0.9 4.4 0.5 1158.0 321.3Tata Coffee [1] 225.5 7.6 29.5 2.9 202109 0.9 56.3 2.6 57.5 2.1 12.8 1.0 254.0 91.2Tata Comm 1260.1 46.4 27.1 151.6 202109 -5.2 -2.2 -4.9 76.8 2.7 12.0 0.0 1540.0 887.2Tata Consumer [1] 831.6 8.6 97.2 5.3 202109 9.1 2.1 16.9 -10.1 -1.8 8.6 0.1 889.0 505.1Tata Elxsi 6390.3 73.7 86.7 30.8 202109 38.4 58.9 26.9 50.4 -2.5 39.2 0.1 6780.0 1485.0Tata Inv.Corpn. 1527.2 36.5 41.9 0.4 202109 18.8 -4.9 37.6 78.5 -2.5 1.5 0.0 1734.0 851.0Tata Metaliks 922.8 94.8 9.7 2.0 202109 24.1 -33.4 37.6 55.5 -4.9 24.3 0.2 1374.0 515.1Tata Motors [2] 509.9 -0.2 3.8 202109 14.4 -1509.7 32.8 99.5 0.6 5.1 2.3 536.5 156.6Tata Power Co. [1] 237.0 5.0 47.7 3.6 202109 18.3 50.7 32.5 102.3 -1.3 6.7 2.4 269.7 56.7Tata Steel 1186.8 263.9 4.5 1.6 202109 55.3 648.3 51.8 1475.6 -7.8 11.4 1.4 1534.6 510.0TCI Express [2] 2010.9 34.8 57.8 15.9 202109 28.4 44.9 28.5 94.3 2.0 34.2 0.0 2144.0 780.1TCNS Clothing Co [2] 837.3 -1.4 8.7 202109 66.0 -59.9 9.3 79.7 1.9 -4.0 0.5 932.6 353.7TCS [1] 3475.7 98.9 35.1 13.4 202109 16.8 15.3 12.5 16.0 -1.4 47.1 0.1 3990.0 2608.1Team Lease Serv. 4000.1 52.9 75.6 10.9 202109 34.9 13.5 11.5 162.9 -14.1 12.4 0.1 5544.1 2313.1Tech Mahindra [5] 1566.3 52.4 29.9 6.0 202109 16.1 25.7 7.5 27.5 -1.2 20.6 0.1 1629.4 820.0The Ramco Cement [1] 1006.1 47.0 21.4 3.7 202109 19.4 111.8 14.5 85.5 -5.6 14.5 0.6 1131.0 752.2Thermax [2] 1671.4 28.7 58.3 6.0 202109 28.8 99.9 21.3 123.6 9.0 9.9 0.1 1895.2 793.4Thyrocare Tech. 1185.8 38.5 30.8 13.0 202109 15.0 80.6 50.2 196.7 5.1 36.7 0.0 1465.9 830.1Timken India 1923.7 30.0 64.0 9.9 202109 42.4 58.6 41.6 13.6 -3.4 12.6 0.0 2042.4 1055.1Titan Company [1] 2479.4 19.7 125.9 28.3 202109 75.5 265.1 49.9 148.2 -2.3 12.9 0.7 2678.1 1267.1Torrent Pharma. [5] 2785.5 74.9 37.2 7.6 202109 5.9 1.9 3.5 5.9 -0.1 17.0 1.0 3248.0 2311.3Torrent Power 527.3 26.9 19.6 2.4 202109 16.6 82.9 4.8 -21.5 -2.3 12.1 0.9 551.0 293.3Trent [1] 1138.8 2.3 501.0 18.0 202109 101.3 31.2 28.7 144.5 -1.2 0.0 0.1 1208.3 588.0Trident [1] 45.2 1.3 35.3 6.4 202109 44.1 122.0 47.2 237.4 14.0 9.5 0.6 45.2 7.5Triveni Turbine [1] 180.6 3.4 52.6 7.1 202109 11.4 -12.3 5.0 5.6 -14.6 22.7 0.0 229.0 70.2TTK Prestige 10847.3 212.3 51.1 9.5 202109 34.9 57.7 38.2 105.5 -3.1 21.6 0.1 11645.0 5561.3Tube Investments [1] 1739.0 29.3 59.4 12.0 202109 175.7 69.8 170.5 188.0 -0.7 14.5 0.6 1794.0 740.3TV18 Broadcast [2] 43.3 3.6 12.0 1.7 202109 29.1 87.6 11.5 124.5 -7.8 14.5 0.3 52.5 26.1TVS Motor Co. [1] 723.6 17.9 40.4 8.6 202109 23.4 34.2 45.7 184.1 -0.8 10.9 3.3 793.5 445.6
U . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
UCO Bank 13.6 0.4 38.4 0.8 202109 2.9 581.9 -2.2 147.4 -3.6 0.0 0.0 16.3 10.6Uflex 508.5 119.0 4.3 0.6 202109 38.3 -23.0 35.2 42.4 -2.6 15.2 0.8 658.5 334.0Ujjivan Fin.Ser. 144.3 -39.3 0.7 202109 -7.3 -175.7 -6.0 -273.2 -13.2 4.3 5.8 310.9 126.1Ujjivan Small 19.5 -3.8 1.4 202109 -14.4 -385.2 -11.9 -307.2 -6.5 0.0 0.0 44.5 17.8UltraTech Cem. 7770.4 221.8 35.0 4.9 202109 15.7 -2.9 28.4 3.1 -3.9 14.6 0.5 8267.0 4762.1Union Bank (I) 46.9 6.8 6.9 0.5 202109 -5.9 183.0 20.6 276.7 -6.2 0.0 0.0 54.8 24.9United Breweries [1] 1625.7 12.7 128.4 11.7 202109 58.6 2072.4 25.5 791.2 -6.3 5.0 0.1 1793.7 1017.1UPL [2] 741.6 42.4 17.5 3.0 202109 18.2 9.1 11.4 20.9 -3.7 13.2 1.3 864.8 406.8UTI AMC 1043.5 49.5 21.1 3.9 202109 37.8 67.6 47.7 125.4 -5.3 20.4 0.0 1216.6 483.0
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V I P Inds. [2] 585.8 0.7 805.0 14.3 202109 221.4 -47.6 14.4 123.9 -5.6 -10.6 0.6 668.0 309.0Vaibhav Global [2] 576.8 16.0 36.0 8.8 202109 6.0 -40.2 22.5 14.6 6.2 35.8 0.1 1057.7 402.2Vakrangee [1] 36.2 0.8 43.7 1.4 202109 195.0 100.9 -1.3 19.4 -2.9 3.1 0.0 69.9 26.5Vardhman Textile 2003.1 209.8 9.5 1.6 202109 46.8 699.6 36.6 255.1 -0.9 7.9 0.4 2198.9 805.3Varroc Engineer [1] 314.5 -46.1 1.9 202109 4.0 -844.6 34.4 -54.4 12.3 -4.9 1.3 500.0 260.2Varun Beverages 948.8 15.2 62.5 10.4 202109 33.0 56.9 32.8 227.8 -2.4 10.4 1.0 1020.0 496.7Vedanta [1] 309.6 51.7 6.0 1.8 202109 44.4 457.5 40.7 129.2 -5.6 17.9 1.0 385.8 106.2Venky's (India) 2645.3 191.8 13.8 3.2 202109 40.7 -15.6 41.7 1503.5 -4.8 31.5 0.3 3950.0 1494.7V-Guard Industri [1] 249.8 5.4 46.7 8.6 202109 45.6 15.7 43.5 75.9 -1.2 25.1 0.0 285.0 167.8Vinati Organics [1] 1960.4 28.9 67.8 12.3 202109 70.5 31.1 35.2 7.8 -2.9 23.7 0.0 2180.4 1080.0V-Mart Retail 4078.5 1.8 2267.9 10.2 202109 92.6 -174.6 16.4 225.9 -6.0 4.1 0.8 4620.0 1976.9Vodafone Idea 10.0 -9.4 -0.5 202109 -12.8 -210.8 -11.8 -15.5 -3.5 0.0 0.0 13.8 4.6Voltas [1] 1235.4 17.9 69.2 8.0 202109 5.1 32.2 25.1 45.4 -2.3 14.7 0.1 1356.9 748.1VRL Logistics 455.1 13.6 33.4 6.7 202109 44.9 60.2 33.8 3193.6 -6.2 9.4 0.7 534.0 165.0VST Industries 3292.6 192.2 17.1 5.6 202109 -9.6 -9.8 -5.9 -6.2 -0.7 47.2 0.0 4048.3 3125.0
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WABCO India [5] 7998.1 81.0 98.7 7.5 202109 47.2 -8.1 66.9 107.8 -1.5 6.8 0.0 8280.0 5285.0Welspun Corp [5] 155.0 23.0 6.7 1.1 202109 15.6 -43.1 -35.8 6.6 4.8 17.6 0.3 165.0 105.7Welspun India [1] 136.0 7.2 18.8 3.6 202109 26.0 10.8 39.3 103.9 -3.1 14.1 1.0 170.8 64.2Westlife Develop [2] 572.0 -3.1 20.1 202109 84.0 -113.6 23.4 45.1 -2.1 0.0 1.8 683.6 376.7Whirlpool India 2281.2 26.7 85.5 8.9 202109 0.5 -17.0 18.5 6.1 0.2 16.3 0.0 2777.0 1970.0Wipro [2] 650.9 22.1 29.5 5.8 202109 30.1 18.9 14.1 25.7 -1.4 21.4 0.2 739.8 341.8Wockhardt [5] 441.8 -5.1 1.4 202109 20.7 844.5 13.5 88.8 -2.2 13.0 1.0 804.5 304.4
Z. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Zee Entertainment [1] 314.0 12.4 25.3 2.9 202109 14.9 95.0 20.1 951.7 0.4 13.9 0.0 362.9 166.8Zensar Tech. [2] 449.0 17.3 26.0 4.1 202109 7.3 831.9 -5.3 127.0 -5.2 19.4 0.1 587.0 196.4Zydus Wellness 2016.6 50.5 39.9 2.7 202109 11.7 190.5 14.9 97.6 -0.9 6.4 0.3 2472.9 1771.1
H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
H D F C [2] 2924.9 115.1 25.4 3.2 202109 13.2 14.3 31.8 28.8 -2.3 9.2 3.1 3021.1 2179.5H P C L 323.7 66.0 4.9 1.2 202109 60.6 -35.5 32.1 29.4 -6.6 19.3 1.3 354.6 203.9H U D C O 41.3 8.5 4.9 0.6 202109 -6.5 -19.0 -2.5 29.5 -3.8 9.5 4.8 58.3 32.5Happiest Minds [2] 1265.9 11.1 114.4 31.7 202109 44.7 30.4 28.6 36.3 -3.2 31.4 0.4 1580.8 310.2Hathway Cable [2] 20.4 1.2 16.9 0.9 202109 3.9 -52.1 0.7 -8.8 -1.4 4.2 0.3 36.6 19.7Havells India [1] 1372.2 19.0 72.1 15.6 202109 31.7 -7.3 46.6 55.1 0.0 29.4 0.1 1503.7 796.6Hawkins Cookers 6295.2 173.2 36.4 19.3 202109 37.8 1.0 40.9 42.4 3.1 55.8 0.2 6590.0 5015.0HCL Technologies [2] 1120.2 42.5 26.4 5.0 202109 11.1 3.7 8.9 -5.4 -4.5 25.0 0.1 1377.0 800.6HDFC AMC [5] 2603.6 64.5 40.4 11.6 202109 18.9 1.9 8.9 10.7 -2.8 39.9 0.0 3363.0 2401.0HDFC Bank [1] 1538.8 61.8 24.9 3.8 202109 5.6 18.1 2.5 15.7 -0.9 0.0 0.0 1724.3 1342.0HDFC Life Insur. 705.0 5.6 126.5 16.1 202109 13.8 -15.8 21.2 -15.9 -2.1 0.9 0.0 775.7 617.3HEG 2048.0 44.4 46.1 2.2 202109 60.3 756.3 23.2 145.2 -4.7 -1.9 0.1 2626.2 700.0Heidelberg Cem. 234.7 14.6 16.0 3.7 202109 11.0 -4.6 16.1 37.0 -4.5 24.2 0.3 284.6 195.5Hero Motocorp [2] 2685.0 145.2 18.5 3.4 202109 -9.9 -22.2 25.9 15.0 0.1 24.9 0.0 3628.6 2636.0HFCL [1] 72.8 2.6 27.9 4.5 202109 6.4 53.8 52.8 166.6 -3.8 19.3 0.5 95.7 16.9Himadri Special [1] 46.8 1.5 31.0 1.1 202109 65.8 -54.6 53.9 -33.4 -8.9 4.1 0.4 62.4 37.6Hind. Unilever [1] 2397.7 36.0 66.6 11.8 202109 11.4 7.3 19.2 16.1 -0.4 34.3 0.0 2859.1 2095.0Hind.Aeronautics 1375.8 105.1 13.1 2.8 202109 14.4 37.6 9.6 43.3 -2.9 16.7 0.2 1568.5 752.8Hindalco Inds. [1] 440.1 43.1 10.2 1.4 202109 52.6 916.9 43.0 515.4 -6.1 7.1 1.1 551.7 210.9Hindustan Copper [5] 118.1 1.9 61.9 6.7 202109 57.6 638.0 85.5 132.3 -7.1 6.2 1.3 196.9 36.0Hindustan Zinc [2] 323.1 20.8 15.6 3.8 202109 7.7 4.0 35.9 40.1 -0.3 26.5 0.1 407.9 218.3Honeywell Auto 39833.7 487.1 81.8 13.1 202109 -3.0 -21.1 -4.3 -6.8 -9.3 25.1 0.0 49805.0 30111.0
I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I D F C 59.5 -2.0 1.1 202109 56.7 80.3 40.2 58.6 -5.6 0.0 0.0 64.4 32.0I O B 20.6 0.7 30.8 2.0 202109 -2.5 154.1 -4.8 122.1 -3.3 0.0 0.0 29.0 9.3I O C L 129.4 27.3 4.7 1.0 202109 63.0 3.0 22.4 77.7 -2.7 14.6 1.2 141.8 83.4I R C T C [2] 890.7 5.3 167.6 43.7 202109 357.2 5168.1 -19.9 33.2 3.0 14.8 0.0 1278.6 267.2I T D C 373.8 -0.3 11.2 202109 152.4 -82.9 -9.1 85.3 -4.1 8.2 0.0 463.9 244.8ICICI Bank [2] 763.2 30.6 24.9 3.2 202109 5.6 24.8 2.9 52.6 -1.8 0.0 0.0 859.7 466.0ICICI Lombard 1512.0 26.5 57.1 8.4 202109 32.0 7.4 21.3 -6.5 0.1 26.4 0.1 1674.0 1278.3ICICI Pru Life 640.7 4.4 146.8 10.6 202109 8.3 47.3 12.2 -41.4 -4.8 0.5 0.1 724.5 411.0ICICI Securities [5] 791.6 39.0 20.3 12.4 202109 25.8 26.3 39.1 64.6 -1.5 37.0 1.7 895.6 357.0IDBI Bank 51.7 2.1 25.2 1.7 202109 -11.4 76.9 -3.5 143.5 -2.2 0.0 0.0 65.3 26.4IDFC First Bank 48.7 -0.4 1.5 202109 4.5 1.8 0.7 82.5 -5.8 0.0 0.0 69.3 32.9IFB Industries 1261.0 14.7 85.6 7.6 202109 34.3 -22.8 48.3 418.7 -0.8 12.3 0.5 1458.1 750.3IFCI 12.8 -13.5 1.0 202109 -58.6 -929.3 -49.5 -360.0 4.9 0.0 2.7 16.4 6.0IIFL Finance [2] 325.2 28.3 11.5 2.1 202109 13.8 37.1 20.6 121.1 -6.4 10.3 6.0 375.1 98.9IIFL Wealth Mgt [2] 1527.4 51.9 29.4 4.8 202109 25.4 63.5 10.6 90.8 -3.3 9.3 2.3 1818.0 947.0Indbull.RealEst. [2] 173.6 4.1 42.6 2.2 202109 1633.6 -92.7 63.9 184.4 -8.5 3.4 0.6 195.9 58.3India Cements 201.5 6.2 32.7 1.1 202109 13.3 -57.0 15.5 129.2 -3.7 6.4 0.6 232.1 131.5Indiabulls Hous. [2] 216.1 25.4 8.5 0.6 202109 -11.9 -11.4 -17.3 -8.7 -6.1 9.4 4.7 313.5 154.3Indiamart Inter. 7624.6 100.1 76.2 13.4 202109 11.8 17.8 10.1 22.3 1.0 27.8 0.1 9952.0 4630.0Indian Bank 160.3 37.3 4.3 0.5 202109 -5.8 145.9 22.1 409.1 -5.1 0.0 0.0 194.8 61.2Indian Energy Ex [1] 786.2 8.7 90.5 37.8 202109 55.6 75.3 42.0 49.8 -0.9 56.9 0.0 956.2 199.1Indian Hotels Co [1] 210.5 -5.1 5.3 202109 183.8 -143.9 -20.7 -80.9 -1.7 0.0 1.3 230.3 90.9Indoco Remedies [2] 401.7 14.3 28.1 4.4 202109 15.4 62.5 21.7 130.5 -4.4 15.1 0.4 529.7 250.4Indostar Capital 257.6 -23.4 0.9 202109 -14.8 24.8 -15.9 15.2 -5.6 5.0 2.1 417.0 254.7Indraprastha Gas [2] 490.5 20.8 23.6 5.1 202109 40.3 10.0 17.9 44.8 -1.5 24.1 0.0 604.0 437.5Indus Towers 284.4 19.7 14.4 4.1 202109 289.3 112.7 258.8 84.3 -3.0 19.2 0.9 332.6 184.2IndusInd Bank 1008.1 50.6 19.9 1.7 202109 6.6 72.9 3.0 40.1 -2.8 0.0 0.0 1241.9 774.8Infibeam Avenues [1] 42.8 0.6 69.3 1.9 202109 109.1 98.9 77.7 18.3 -3.7 3.0 0.0 58.5 36.8Info Edg.(India) 6490.7 10.9 594.9 4.3 202109 39.5 96.2 4.7 474.9 1.4 3.7 0.0 7463.0 3783.6Infosys [5] 1780.7 49.6 35.9 11.8 202109 20.5 11.9 16.0 16.9 0.0 37.1 0.1 1848.3 1091.1Inox Leisure 419.4 -32.9 7.1 202109 13077.8 -229.2 -80.2 -113.2 -4.3 0.0 4.5 466.1 241.9Intellect Design [5] 671.5 23.4 28.7 5.7 202109 21.6 33.9 17.6 138.9 -7.5 21.4 0.2 892.0 253.1Interglobe Aviat 2250.8 -165.6 -19.4 202109 104.6 -220.2 -9.2 -44.5 -2.4 0.0 8.8 2379.0 1356.4IOL Chemicals 474.6 50.8 9.3 2.1 202109 0.8 -75.7 4.3 -32.7 -12.3 53.8 0.0 807.3 468.1Ipca Labs. [2] 2078.3 77.5 26.8 5.0 202109 13.5 -6.3 8.7 -1.3 -6.4 30.4 0.1 2767.1 1786.1IRB Infra.Devl. 221.3 8.0 27.7 1.1 202109 30.4 115.2 14.1 24.0 -3.0 5.8 2.1 347.0 97.8Ircon Intl. [2] 46.6 5.2 9.0 1.0 202109 46.4 49.8 38.4 29.5 -4.5 11.5 0.0 54.2 39.7ITC [1] 237.5 11.6 20.5 4.8 202109 13.1 10.3 15.0 3.3 1.9 28.4 0.0 265.3 182.8ITI 118.2 0.3 457.7 -374.1 202109 -18.8 -199.5 12.9 -42.7 0.0 2.9 38.4 143.7 102.2
J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
J & K Bank [1] 41.2 6.4 6.4 0.6 202109 -2.7 184.4 -3.6 339.7 -10.4 0.0 0.0 48.2 15.6J B Chem & Pharm [2] 1661.0 61.0 27.2 6.5 202109 33.7 32.4 23.8 48.8 -0.1 32.4 0.0 1984.8 913.3J K Cements 3513.1 100.8 34.9 6.8 202109 15.9 -31.7 33.9 38.1 -4.5 18.3 1.1 3836.7 1851.0Jai Corp [1] 119.8 6.2 19.4 1.5 202109 58.1 26.5 34.1 1002.3 -3.9 3.9 0.0 172.9 79.4Jamna Auto Inds. [1] 110.6 3.1 35.5 7.3 202109 88.6 233.4 105.4 651.8 6.7 16.4 0.2 113.0 49.7Jindal Saw [2] 104.7 16.3 6.4 0.5 202109 25.2 53.6 26.3 139.9 -4.3 7.9 0.8 147.7 65.2Jindal Stain. [2] 175.2 23.2 7.6 2.2 202109 51.7 502.0 49.3 1995.6 -5.1 15.4 1.2 207.7 60.3Jindal Stain. Hi [2] 317.0 61.7 5.1 2.0 202109 62.9 212.3 62.0 493.1 -2.9 25.2 0.7 358.4 109.9Jindal Steel [1] 370.2 76.8 4.8 1.2 202109 66.9 208.9 56.3 1360.5 -7.1 15.5 1.0 501.6 223.6JK Lakshmi Cem. [5] 636.3 43.5 14.6 3.3 202109 6.8 -5.8 22.5 77.7 -2.5 18.1 1.0 815.3 308.0JK Paper 216.4 25.0 8.6 1.4 202109 47.9 241.2 21.9 61.4 -3.7 10.3 0.9 284.8 90.6JK Tyre & Indust [2] 137.7 20.2 6.8 1.2 202109 31.3 -28.5 52.6 1095.8 -3.8 12.0 2.0 171.6 66.3JM Financial [1] 79.4 7.7 10.3 1.0 202109 19.4 25.4 13.5 41.1 -3.2 11.9 1.9 117.6 76.0Johnson Con. Hit 2025.9 20.3 100.0 7.8 202109 28.1 -148.7 35.0 293.2 -2.3 5.5 0.2 2936.7 2015.1JSW Energy 295.3 4.7 63.0 3.1 202109 7.7 -3.7 -6.6 -23.4 -8.5 8.8 0.7 408.7 59.9JSW Steel [1] 650.7 82.8 7.9 2.6 202109 71.0 350.1 66.4 5599.4 -3.0 14.9 1.5 776.5 329.1JTEKT India [1] 99.0 2.0 48.9 4.0 202109 8.6 17.6 38.7 431.9 2.8 3.8 0.1 132.8 73.6Jubilant Food. 3814.4 32.2 118.6 29.4 202109 36.7 59.4 29.3 192.4 -4.8 16.1 1.3 4577.5 2393.7Just Dial 714.8 13.5 52.9 1.7 202109 -6.9 -30.5 -16.7 -58.0 -9.0 12.1 0.1 1138.0 550.0Jyothy Labs [1] 151.9 5.2 29.4 4.1 202109 16.0 -28.8 18.9 -0.3 -4.3 17.1 0.2 187.2 133.5
K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
K E C Intl. [2] 485.3 19.0 25.6 3.7 202109 10.1 -28.2 12.8 -11.5 6.2 20.7 0.7 550.0 318.5K P R Mill Ltd [1] 493.3 21.9 22.5 6.2 202109 27.4 115.2 33.8 116.2 -7.2 25.5 0.3 548.4 151.3Kajaria Ceramics [1] 1169.8 25.5 45.9 9.2 202109 36.6 30.3 39.5 134.0 -2.1 21.6 0.1 1358.0 592.5Kalpataru Power [2] 407.7 33.3 12.2 1.6 202109 17.1 -35.7 19.0 43.3 -2.9 14.7 0.9 496.0 257.0Kansai Nerolac [1] 591.3 9.9 59.7 7.9 202109 17.1 -45.3 37.3 38.4 -1.1 17.8 0.0 679.6 515.7Karnataka Bank 72.5 12.8 5.7 0.4 202109 -3.1 5.1 -6.0 -14.6 -6.2 0.0 0.0 81.8 43.9Kaveri Seed Co. [2] 507.2 35.7 14.2 2.3 202109 10.1 -45.3 -7.6 -37.7 -3.1 28.5 0.0 815.9 477.6KEI Industries [2] 1035.9 36.0 28.7 4.8 202109 30.5 35.0 9.5 34.3 2.8 21.1 0.2 1057.0 346.2KNR Construct. [2] 285.6 14.1 20.3 3.7 202109 28.4 -5.9 34.3 44.8 0.1 21.7 0.5 343.6 130.0Kotak Mah. Bank [5] 2024.0 50.4 40.2 4.5 202109 -1.0 1.4 -3.0 0.7 -2.4 0.0 0.0 2252.5 1627.3KPIT Technologi. 449.9 8.0 56.5 9.7 202109 21.7 150.5 6.3 64.2 4.7 14.2 0.2 499.6 99.5KRBL [1] 242.8 23.8 10.2 1.5 202109 -7.0 -9.1 -2.9 -4.1 -4.4 19.9 0.1 337.5 173.5KSB 1224.3 40.8 30.0 4.6 202109 1.6 -8.9 21.1 50.4 -3.4 16.6 0.1 1409.1 511.0
L . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
L & T Infotech [1] 7148.2 120.5 59.3 16.1 202109 25.6 21.0 16.0 26.0 -1.4 35.9 0.1 7562.0 2957.0L&T Fin.Holdings 81.6 3.9 21.0 1.1 202109 -10.5 -15.5 -4.9 -32.2 -5.2 7.9 5.5 113.4 65.2L&T Technology [2] 5615.5 78.4 71.6 15.5 202109 22.4 39.0 8.9 19.5 6.2 26.2 0.0 5819.2 1645.0La Opala RG [2] 322.3 7.3 43.9 4.8 202109 117.6 270.1 44.1 87.3 -8.4 10.5 0.0 365.6 201.1Lak. Mach. Works 9162.3 107.9 84.9 5.4 202109 102.6 253.9 90.6 12367.0 -6.3 4.8 0.0 9950.0 4101.0Larsen & Toubro [2] 1898.1 61.8 30.7 3.5 202109 12.0 -79.1 11.3 -38.7 -3.1 15.2 1.9 1983.0 1079.4Laurus Labs [2] 481.9 18.9 25.5 8.6 202109 5.7 -16.7 40.8 69.5 6.5 37.8 0.6 723.6 266.1Lemon Tree Hotel 55.1 -1.4 5.1 202109 103.6 -156.1 -34.8 -28.7 0.8 0.0 2.2 59.9 27.5LIC Housing Fin. [2] 405.7 27.8 14.6 1.0 202109 -5.2 -68.4 -2.3 -42.2 -5.9 8.1 10.3 542.4 313.1Linde India 2517.4 30.9 81.5 8.3 202109 37.0 79.4 38.0 120.3 -1.5 10.0 0.0 2947.0 861.3Lupin [2] 899.4 -14.5 3.4 202109 5.9 -1094.2 7.9 2.1 -5.1 9.2 0.4 1267.5 872.1Lux Industries [2] 4413.7 110.2 40.0 11.3 202109 24.3 49.4 42.9 83.0 5.5 35.0 0.2 4641.5 1487.5
M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
M & M [5] 923.8 35.7 25.9 2.7 202109 11.7 252.6 25.1 1298.3 -1.4 7.9 2.0 978.9 637.7M & M Fin. Serv. [2] 175.8 -4.0 1.4 202109 -3.5 208.7 -6.6 -138.6 -11.5 7.6 4.7 224.2 138.0M R P L 46.6 -3.3 2.3 202109 115.2 -467.4 19.5 77.9 -5.2 -1.3 4.0 57.8 27.8Mah. Scooters 4347.5 125.4 34.7 0.2 202109 44.8 7004.7 20.1 27.1 -2.0 0.1 0.0 5023.4 3300.0Mah. Seamless [5] 514.4 51.4 10.0 1.0 202109 64.4 8.8 32.7 160.3 -3.2 9.3 0.3 578.0 240.1Mahanagar Gas 964.1 84.9 11.4 2.7 202109 63.8 41.5 28.6 54.6 -4.6 26.4 0.0 1284.5 879.8Mahindra CIE 278.8 11.2 24.9 2.1 202109 23.4 173.7 42.4 15672.5 0.6 3.6 0.3 311.7 148.3Mahindra Holiday 236.9 1.4 172.5 -7.8 202109 13.5 139.9 -5.5 116.9 -5.3 1.4 0.0 267.0 118.1Mahindra Life. 255.8 -3.0 2.4 202109 92.5 -51.1 45.8 62.2 -6.8 -3.5 0.1 299.3 86.3Mahindra Logis. 744.9 7.2 102.8 9.4 202109 22.4 -34.6 32.1 112.9 1.8 7.3 0.4 819.2 369.7Manappuram Fin. [2] 184.0 20.8 8.9 2.0 202109 -2.2 -8.8 4.0 11.3 -15.8 15.3 3.6 224.4 139.0Marico [1] 542.2 9.3 58.1 17.8 202109 21.6 6.8 25.5 10.1 -0.9 42.9 0.1 606.0 362.1Maruti Suzuki [5] 8112.8 139.0 58.4 4.7 202109 9.1 -65.7 39.7 3.4 8.5 5.0 0.0 8400.0 6301.2MAS FINANC SER 729.9 27.1 26.9 3.2 202109 2.5 12.3 -10.5 -4.1 -6.6 11.4 2.9 1107.7 716.0Max Financial [2] 949.1 8.7 109.6 8.8 202109 32.8 -29.7 53.5 16.6 -2.4 16.7 0.0 1147.9 609.0Max Healthcare 357.2 4.7 75.6 5.8 202109 56.4 805.4 154.3 3732.7 3.8 0.0 0.2 472.6 118.7Mazagon Dock 289.3 32.4 8.9 1.6 202109 42.8 16.9 23.3 27.8 -5.6 16.8 0.0 320.7 178.2Metropolis Healt [2] 3152.2 47.2 66.8 19.1 202109 4.9 -3.3 38.8 92.0 1.9 35.8 0.2 3396.9 1820.7Minda Corp [2] 163.7 4.5 36.0 3.3 202109 11.5 51.3 47.5 140.5 -1.9 7.4 0.5 179.7 69.6Minda Industries [2] 878.1 12.8 68.8 7.9 202109 29.5 9.7 62.2 2100.0 -6.2 11.3 0.6 984.7 357.2Mindtree 4838.1 84.1 57.5 17.1 202109 34.3 57.2 14.8 59.3 -1.5 35.4 0.2 5059.2 1315.6Mishra Dhatu Nig 194.1 10.0 19.4 3.2 202109 13.7 4.4 20.5 41.9 -1.8 12.8 0.2 221.8 173.0MMTC [1] 40.4 0.9 46.0 60.7 202103 131.0 4.3 14.1 151.8 -4.3 -2.3 2.2 64.0 17.4MOIL 172.6 4.4 39.4 1.5 202012 4.5 -7.4 -20.4 -72.2 -2.2 11.6 0.0 208.0 121.9
CMYK
MUMBAI
BusinessLine8 SUNDAY • NOVEMBER 21 • 2021TAKE 500
................BMBME
AMIT CHHABRA
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Covid19 has made peopleaware that health emergencies can strike without warning. Further, with skyrocketing medical costs, havingadequate health insurancehas become a necessity.Among the various factorsthat you must pay attentionto while choosing health insurance, is sublimits.
What they areSublimit in health insurancerefers to a monetary cap byan insurer on expensesagainst treatment of diseases/ illness, room rent andposthospitalization and preplanned medical procedurerelated expenditures. Thismeans that the insurancecompany will only bear expenses up to a predetermined limit. Anything beyond that will have to be borneby the policyholder.
The sublimit, however, varies across claims. It may be acertain percentage of thesum insured, or up to a certain specifi�c amount. For instance, generally ICU fees andhospital room rent caps aretypically 2% and 1%, respectively of the total sum assured.Further, many health insurers allow you to opt out ofsublimits for an additionalpremium. You can choosebetween the two options depending on your budget.
Sub limit typesDisease-specific: Most insurers have sublimits on preplanned medical treatments,in the form of a defi�ned costfor procedures such as catar
act removal, knee ligamentreconstruction, kidney stoneremoval, tonsils, and sinus removal. The list of ailmentsand the treatment cost capdiff�ers from one insurer tothe next. The treatment sublimit is not related to the sumassured, which means thateven if a policyholder has ahigh amount assured, thesublimit clause in the policywill prevent him from claiming all of his treatment expenses. For instance, if yourpolicy has a 50% sublimitclause on a certain medicalprocedure and your totalsum insured is ₹�5 lakh, youwill be unable to claim morethan ₹�2.5 lakh for that treatment because of the sublimit clause.
Room rent: This refers tothe maximum rent or roomcategory you are entitled todepending on your health insurance coverage. This is usually 1% of your entire insured.For instance, under a ₹�10 lakhpolicy with a 1% sublimit onroom rent, the insurer willapprove a hospital room witha maximum rent of ₹�10,000per day. If the room rent exceeds the set sublimit, the
policyholder will have to bearthe rest of the cost.
There will be a cap on associated services such as physician consultation fees, anaesthetists’ charges, diagnostictests too, because varioushospital expenses are tied tothe type of room one choosesand as per the sublimit applicable on room rent.
Post-hospitalisation: Inmany circumstances, policyholders will be required tostay at home under medicalsupervision for a certainperiod after treatment. Manyinsurers cover posthospitalisation charges with sublimits, requiring policyholdersto pay a portion of the cost.
When compared to a policywith sublimits, health insurance policies with no sublimits will have a higherpremium. If you have a sublimit cover, make sure thatyour medical expenses do notexceed the threshold level. So,before you buy a new healthpolicy or renew an existingone, be sure to get one thatcovers you adequately.
The writer is Head- Health
Insurance, Policybazaar.com
Sub limits in health policyThis is a key factor while comparing various plans
PRIMER
PRICE & VALUECompared to a policywith sub-limits, aplan with nosub-limits will havehigher premium
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Term Insurance Premium Tracker
For a 30yearold male/female, non smoker, living in a metro city, Sum assured ₹�1 crore with coverage up to 70 yrs
Plan name
Maxcoverage
up to(yrs)
Maxpolicy
term (yrs)
Annual Premium (₹�)incl of GST
ClaimSettlementRatio (%)
Insurance companyMale Female
Aditya Birla Capital DigiShield Plan 85 55 12,744 10,738 98.0
Aegon Life iTerm Insurance Plan 70 52 9,570 9,380 98.0
Bajaj Allianz Smart Protect Goal 99* 81 11,211 9,584 98.5
Bharti AXA Premier Protect Plan 75 57 11,092 9,794 99.1
Canara HSBC OBC Life Insurance iSelect Star Term Plan 80 62 12,552 10,771 97.1
Edelweiss Tokio Total Protect Plus 100 82 10,550 8,533 97.0
ExideSmart Term EdgeComprehensive
60 30 17,178 14,904 98.5
HDFC Life C2PL Life Protect 85 67 13,352 12,016 98.0
ICICI Prudential iProtect Smart 99 81 15,628 13,786 97.9
India First Life eTerm Plan 70 40 10,148 8,614 96.8
Kotak Life Insurance Kotak eTerm Plan 75 57 11,918 10,266 98.5
LIC Tech Term 80 40 14,122 11,838 NA
Max Life Insurance Smart Secure Plus 85 67 12,482 10,425 99.4
PNB Met Life Mera Term Plan Plus 99 81 13,452 11,328 98.2
SBI Life eShield Next 85 67 17,233 14,434 94.5
TATA AIA Life Sampoorn Raksha Supreme 100 82 13,098 11,092 98.0
Claim settlement ratio as per data provided by insurer Source: www.policybazaar.com, LICMax Life offers additional 5% discount for 1st year for salaried customers; *Whole life available only on limited pay option; NA: Not Available
Bank FD interest rates (%)
Bank<1
year1 to 2years
2 to 3years
3 to 5years
w.e.f
FOREIGN BANKS
Citi Bank 2.75 3 3.5 3.5 Nov 19
DBS Bank 3.5 4.75 5.5 5.5 Aug 20
Deutsche Bank 3.85 4.25 4.5 6.25 Mar 18
HSBC 3.1 3.75 4 4 Nov 26
Scotiabank 2.2 2.25 2.55 2.55 Oct 16
Standard Chartered 4.6 5.4 5.4 5.4 Jul 17
INDIAN: PUBLIC SECTOR BANKS
Bank of Maharashtra 4.25 4.9 4.9 4.9 Jan 08
Bank of Baroda 4.4 5 5.1 5.25 Nov 16
Bank of India 4.35 5.05 5.05 5.05 Aug 01
Canara Bank 4.4 5.1 5.25 5.35 Aug 09
Central Bank of India 4.25 5 5 5 Nov 10
Indian Bank 4.4 5.1 5.2 5.25 Nov 05
Indian Overseas Bank 4.9 5.2 5.2 5.2 Nov 09
Punjab National Bank 4.4 5 5.1 5.25 Aug 01
Punjab & Sind Bank 4.5 5.05 5.3 5.3 Sep 16
State Bank of India 4.4 5.1 5.3 5.4 Jan 08
UCO Bank 4.4 5 5 5.05 Nov 16
Union Bank 4.4 5.1 5.3 5.4 Sep 01
INDIAN: PRIVATE SECTOR BANKS
Axis Bank 4.4 5.4 5.4 5.75 Nov 10
Bandhan Bank 4.5 5.5 5.5 5.25 Jun 07
Catholic Syrian 4.25 5 5.25 5.5 Nov 02
City Union Bank 4.75 5.25 5 5 Aug 01
DCB Bank 5.45 5.95 5.95 5.95 Nov 02
Dhanlaxmi Bank 4.25 5.15 5.3 5.4 Aug 01
Federal Bank 4.4 5.35 5.35 5.6 Nov 17
HDFC Bank 4.4 4.9 5.15 5.3 May 21
ICICI Bank 4.4 5 5.15 5.35 Oct 21
IDBI Bank 4.3 5.15 5.4 5.4 Aug 16
IDFC First Bank 4.5 4.75 5 5.25 Sep 15
IndusInd Bank 5.5 6 6 6 Jul 23
J & K Bank 4.5 5.1 5.2 5.3 Oct 11
Karnataka Bank 5 5.1 5.4 5.4 Nov 01
Kotak Bank 4.5 5.15 5.3 5.3 Oct 27
Karur Vysya Bank 4.25 5.25 5.25 5.75 Oct 08
RBL Bank 5.25 6 6.3 6.3 Sep 01
South Indian Bank 4.5 5.2 5.5 5.65 Oct 08
Tamilnad Mercantile Bank 5 5.35 5.35 5 Nov 18
TNSC Bank 5.75 6 5.85 6 Dec 09
Yes Bank 5.25 6 6.25 6.25 Nov 03
SMALL FINANCE BANKS
AU Small Finance Bank 4.85 5.85 6 5.75 Oct 14
Equitas Small Finance Bank 4.85 5.85 6 5.75 Oct 01
Fincare Small Finance Bank 5 6 6.5 6.75 Oct 25
Jana Small Finance Bank 5.5 6.5 6.5 6.75 May 07
Suryoday Small Finance Bank 5.75 6.5 7 6.75 Sep 09
Ujjivan Small Finance Bank 4.75 6 6.5 6.25 Aug 16
Data as on respective banks’ website on Nov 19, 2021; For each year range, the maximumoffered interest rate is considered; interest rate is for a normal fi�xed deposit amount below₹�1 crore. Compiled by BankBazaar.com
MAULIK MADHU ..........................................
BL Research Bureau
Investing in fi�xed deposits of state governmentowned entities may seem likeshooting two birds – attractive returnsand solid safety – with one stone. But itmay not be so.
FDs from nonbanking fi�nancial companies (NBFCs) such as the Tamil NaduPower Finance and Infrastructure Development Corp. (TN Power Finance),the Tamilnadu Transport DevelopmentFinance Corp. (TDFC) and the KeralaTransport Development Finance Corp.(KTDFC) seem to be popular with investors. As of March 2020, TN Power Finance and TDFC had public depositsworth ₹�5,900 crore and ₹�794 crore,respectively.
What’s good, what’s notBoth TN Power Finance and TDFC off�eran attractive 7 per cent (1year) and 7.25per cent (2year) p.a. on their cumulative FDs. KTDFC off�ers 6 per cent p.a. on itssame tenure deposits.
Despite their implicit governmentbacking, the weak fi�nancials of theseNBFCs as refl�ected in their subpar creditratings do not inspire much confi�dence. The absence of DICGC’s (DepositInsurance and Credit Guarantee Corporation) cover for such deposits, toomakes them a risky bet.
Past credit events have taught us thateven the highest AAA ratings must betaken with a pinch of salt. That means,one must be even more wary of lowerrated instruments. Both the TN PowerFinance and TDFC FDs are rated MA
(Stable) by ICRA. Even this rating is supported by “ownership and the expectedfi�nancial support from GoTN”.
TN Power Finance: According to anICRA report dated Apr 2021, the NBFCprovides loans only to the Tamil NaduGeneration and Distribution Corp. orTANGEDCO. This exposes it to concentration risk. As per the report, while thecompany’s net profi�tability improvedin FY2020 and 9M 2021 compared toFY19 thanks to lower cost of deposits,the sustainability of this will depend onhow much pricing fl�exibility it has withTANGEDCO. TN Power Finance reportednet profi�t of ₹�505 crore on an asset baseof ₹�39,488 crore in FY2020. Based on thelatest available numbers, the company’s CRAR (capital to risk weighted assets ratio) was around 12 per cent as ofMarchend 2020. This must be raised to
15 per cent by March 2022 as directed bythe RBI and may require equity infusions from the government as in thepast.
TDFC: Based on another ICRA reportdated Nov 2020, the NBFC providesloans to state transport undertakings(STUs) and had a CRAR of 15.3 per cent asof Marchend 2020. This was a signifi�cant improvement from a year agothanks to the government’s equity infusions. However, with Covid impactingthe operations of STUs, TDFC’s capitaladequacy could come under pressure.TDFC reported net profi�t of Rs. 12 croreon an asset base of ₹�9,329 crore inFY2020.
Interest payment on deposits (publicand others) accounted for 75 per centand 95 per cent of TN Power Finance’sand TDFCs’ FY2020 revenues.
We were unable to fi�nd any fi�nancialstatements for KTDFC or any credit ratings for its FDs. Attempts to access itswebsite itself were not without trouble –with access being denied due to thewebsite apparently being infected withmalware! You can, however, search for‘KTDFC interest rates’ to gain access tothe website.
Safer avenues Deposits from NBFCs unlike those frombanks (including small fi�nance banks)do not enjoy DICGC’ insurance cover.Under this, each bank depositor is insured for a deposit amount of up to ₹�5lakh to be disbursed in a timeboundmanner in case a bank gets liquidatedor is put under a moratorium. While investors may draw comfort from the implicit government guarantee for stateowned NBFCs, in the absence of anyformal timebound protection, depositrefunds in case of any fi�nancial troublemay get delayed.
FDs from fi�nancially stronger NBFCsand small fi�nance banks (SFB) can be asafer alternative. Take for example, thetwoyear cumulative FD from Bajaj Finance that off�ers 6.10 per cent p.a. The deposits enjoy the highest rating CRISIL’sFAAA/Stable and ICRA’s MAAA (stable).An NBFC with a diversifi�ed loan book,Bajaj Finance’s CRAR of 27.7 per cent iswell above the mandated 15 per cent,providing adequate buff�er against anyfuture bad loans. Another option can beEquitas SFB’s 2 years 1 day deposit thatoff�ers 6 per cent p.a. The SFB has a welldiversifi�ed loan portfolio and at a CRARof 22.2 per cent has a strong capital base.
More risk than rewardGive them a skip because of their low credit ratings and availability of other safer options
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WhyB Unimpressive credit
ratings .................................................................................................................
B Govt. backing exists
but weak financials.................................................................................................................
B No insurance cover.................................................................................................................
FD WATCH State Govt. NBFC deposits
KUMAR SHANKAR ROY..........................................
BL Research Bureau
A call by an insurance agentleft Prakash with some unanswered questions relatedto survival benefi�t. He posedthem to his trusted fi�nancialadvisor, Sangeetha.
Prakash: An agent calledme about a child insuranceplan. While pitching theproduct, he mentioned thatsurvival benefi�t will be paidas a certain percentage ofsum assured. Shouldn't thesurvival benefi�t be larger?
Sangeetha: Survival benefi�t is similar to maturity benefi�t. In plans that off�er survival benefi�t, it is a riskfreesum generally paid out as ashare of sum assured, atintervals. Typically,2030 per cent.
Prakash: Okay.So, survival benefi�t and maturitybenefi�t are two different things?
Sangeetha: Yes.Some people use the twoterms interchangeably,adding to the confusion. Maturity benefi�t is paid out tothe policyholder at the endof the policy term, when thepolicy matures. In case ofsurvival benefi�t, the paymenthappens at the end of thepremium payment term.There are many policieswhere the policy term is 20years but premium paymentis for 15 years. In these cases,the survival benefi�t may bepaid after 15 years in phases,and not after 20 years.
Prakash: Which policiesoff�er survival benefi�ts?
Sangeetha: Savings planscan off�er survival benefi�ts,
but not all of them do. It depends on the specifi�c plan.
Prakash: Okay. The agentwas pitching a moneybackpolicy that pays out survivalbenefi�ts at regular intervals.
Sangeetha: Moneybackis a savings plan. Generally,payouts start after thepremium payment termends, and continue at regular intervals for a specifi�cperiod.
Prakash: So, can I defersurvival benefi�t?
Sangeetha: Some policiesoff�er that option. In that case,the policyholder can get increased survival benefi�t i.e.deferred original survival benefi�t along with interest. Ifthe increased survival bene
fi�t is not taken by thepolicyholder during
the currency of thepolicy, it is paidout later alongwith maturity
benefi�t.Prakash: My
friend was sayingthere is one policy that
pays 103 per cent of premiumas survival benefi�t. Is thispossible?
Sangeetha: I know whatyou are referring to. But itsnot 103 per cent of all premiums paid. It is 103 per cent ofone annual premium as survival benefi�t!
Prakash: Smart use ofwords! Any tax sop on survival benefi�t received?
Sangeetha: Like maturitybenefi�t, survival benefi�t is exempt from income tax underSection 10 (10D).
Prakash: Cool. Now that Iknow how survival benefi�tswork, I will keep an eye outfor this feature.
A tax-free payout before maturity
Survival benefitSIMPLY PUT
CMYK
MUMBAI
BusinessLine 9SUNDAY • NOVEMBER 21 • 2021 SAFE INVESTING
Scan & Share
Bajaj Allianz Life products through India Post
India Post Payments Bank, Department of Posts (DoP) and
Bajaj Allianz Life Insurance have announced a strategic
partnership to offer term and annuity products through the
bank’s network of 650 branches and 136,000 access points.
Bajaj Allianz’s Life Smart Protect Goal, a term insurance
product, and Life Guaranteed Pension Goal, an annuity plan
offering regular income till death, are the two plans on the
platform. These will be available along with DoP’s Postal Life
Insurance and Rural Postal Life Insurance products. The
tie-up is aimed at customers from weaker sections.
ALERTS
................BM-BME
EQUITY - LARGE CAP FUNDS
★★★★★ AXIS Bluechip Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 47.8 33967 1.6 24.5 35.7 22.2 20.6
★★★★★ Mirae Asset Large Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 80.3 30804 1.6 30.1 38.9 19.2 18.2
★★★★★ SBI BlueChip Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 62.5 32031 1.8 29.3 40.1 19.4 16.0
★★★★ BNP Paribas Large Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 142.9 1265 2.3 25.7 35.4 20.6 17.3
★★★★ Canara Robeco Bluechip Equity Fund (G) . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 42.5 5070 1.9 27.1 37.4 22.5 19.5
★★★★ ICICI Pru Bluechip Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 66.7 31082 1.7 32.0 42.4 18.3 16.9
★★★★ Nippon India Large Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 51.1 11279 1.9 36.4 48.7 15.8 16.1
★★★ Aditya Birla SL Frontline Equity Fund (G) . . . . . . . . . . . . . . . . . . . .. . . . . . . . 347.9 22461 1.8 30.8 42.1 17.9 15.4
★★★ Edelweiss Large Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 55.6 302 2.5 25.9 36.6 19.0 17.5
★★★ Franklin India Bluechip Fund - (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 727.9 6849 1.9 36.1 44.1 17.9 14.6
★★★ IDBI India Top 100 Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 40.2 553 2.7 33.6 43.4 21.6 16.1
★★★ Invesco India Largecap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 46.3 429 2.6 35.8 45.8 20.7 17.1
★★★ Kotak Bluechip Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 384.6 3456 2.1 30.8 41.5 21.3 17.3
★★★ L&T India Large Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 41.6 740 2.5 27.1 37.4 17.9 15.5
★★★ PGIM India Large Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 251.5 360 2.5 24.1 34.5 17.8 15.1
★★★ Tata Large Cap Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 338.9 1102 2.4 35.5 44.8 18.7 15.4
★★★ UTI-Mastershare (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 202.4 9726 1.9 32.4 43.1 20.8 17.7
★★ HDFC Top 100 Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 698.5 21596 1.8 31.9 43.0 14.8 14.6
★★ HSBC Large Cap Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 324.8 787 2.4 24.2 34.0 18.5 16.2
★★ LIC MF Large Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 42.2 648 2.7 26.9 37.9 20.1 16.3
★★ Navi Large Cap Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 34.8 107 2.6 28.3 39.2 17.6 15.3
★ DSP Top 100 Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 295.8 2882 2.1 21.7 31.2 15.4 12.6
★ IDFC Large Cap Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 51.7 962 2.4 29.8 40.2 19.5 16.9
★ Indiabulls Bluechip Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 29.7 107 2.4 21.8 28.5 14.7 14.5
- Baroda Large Cap Fund - Plan A (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 22.3 51 2.8 25.8 35.6 18.3 14.1
- JM Large Cap Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 101.4 52 2.4 25.9 32.5 16.2 13.9
- Taurus Largecap Equity Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 104.3 34 2.6 22.4 31.8 13.9 11.5
- Union Largecap Fund - Regular (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.3 218 2.6 32.2 42.3 20.1 -
EQUITY - LARGE & MID CAP FUNDS
★★★★★ Canara Robeco Emerging Equities (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 166.0 11774 1.8 37.7 47.5 23.8 20.8
★★★★★ Mirae Asset Emerging Bluechip Fund (G) . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 99.9 21635 1.7 41.5 52.3 26.7 22.8
★★★★ Aditya Birla SL Equity Advantage Fund (G). . . . . . . . . . . . . . . . .. . . . . . . . 700.3 6201 2.0 39.9 52.9 22.0 16.9
★★★★ DSP Equity Opportunities Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 362.3 6969 1.9 35.3 46.2 20.7 16.7
★★★★ Principal Emerging Bluechip Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 185.4 3200 2.0 40.5 52.5 22.9 19.4
★★★★ SBI Large & Midcap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 372.2 5368 2.0 40.9 54.8 21.3 18.2
★★★ Edelweiss Large & Mid Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 53.6 1061 2.2 38.6 48.7 22.4 19.1
★★★ Franklin India Equity Advantage Fund (G) . . . . . . . . . . . . . . . . . .. . . . . . . . 129.7 2938 2.1 45.1 56.7 19.5 15.5
★★★ Invesco India Growth Opportunities Fund (G) . . . . . . . . . . .. . . . . . . . . . 53.3 4220 1.9 29.5 40.6 18.6 18.0
★★★ Kotak Equity Opportunities (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 196.9 8206 1.9 32.2 42.8 21.6 17.4
★★★ L&T Large & Midcap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 72.3 1467 2.2 29.9 40.4 16.7 15.1
★★★ Sundaram Large and Mid Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 56.7 1844 2.2 43.3 53.7 20.3 18.8
★★★ Tata Large & Mid Cap Fund - Regular (G) . . . . . . . . . . . . . . . . . . . .. . . . . . . . 331.9 2705 2.1 31.0 40.1 20.5 16.3
★★ ICICI Pru Large & Mid Cap Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 544.7 3671 2.0 46.7 61.5 20.5 16.2
★★ IDFC Core Equity Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 70.3 2414 2.1 36.1 45.8 17.7 15.8
★★ Nippon India Vision Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 842.1 3301 2.1 36.7 48.4 17.9 13.9
★★ UTI-Core Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 101.7 1212 2.6 46.1 58.7 19.4 16.0
★ BOI AXA Large & Mid Cap Equity Fund (G). . . . . . . . . . . . . . . . . .. . . . . . . . . . 56.9 212 2.6 35.9 45.7 20.5 15.7
★ HDFC Large and Mid Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 192.1 3499 2.3 48.5 62.7 21.5 17.0
- AXIS Growth Opportunities Fund - Regular (G) . . . . . . . . .. . . . . . . . . . 21.6 5006 2.1 45.8 56.4 28.5 -
- LIC MF Large & Mid Cap Fund - Regular (G) . . . . . . . . . . . . . . .. . . . . . . . . . 24.8 1500 2.4 34.5 45.9 21.3 17.8
- Navi Large & Midcap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 24.7 139 2.6 44.5 54.9 21.0 16.9
- Quant Large and Mid Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 67.7 33 2.3 39.8 59.0 23.3 17.8
EQUITY - FLEXI CAP FUNDS
★★★★★ Parag Parikh Flexi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 51.6 17220 1.8 45.9 55.2 30.5 23.6
★★★★★ SBI Flexi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 77.6 15462 1.9 33.8 45.6 20.1 17.0
★★★★ Aditya Birla SL Flexi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1166.6 16173 1.8 31.8 43.4 18.9 16.4
★★★★ DSP Flexi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 68.5 7345 1.9 35.0 46.9 24.5 19.1
★★★★ Kotak Flexi Cap Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 53.4 38521 1.6 27.7 35.5 17.9 16.6
★★★★ UTI-Flexi Cap Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 274.6 24212 1.8 37.3 52.9 27.8 22.2
★★★ Canara Robeco Flexi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 231.8 6143 1.9 34.1 43.5 23.2 20.6
★★★ Franklin India Flexi Cap Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 987.3 10408 1.8 44.1 54.2 20.5 16.5
★★★ HDFC Flexi Cap Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 999.0 27105 1.7 39.5 53.9 17.1 15.6
★★★ HSBC Flexi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 133.3 398 2.5 31.6 42.0 17.7 15.1
★★★ IDFC Flexi Cap Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 139.7 6023 1.9 32.1 42.7 16.5 14.2
★★★ JM Flexicap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 52.8 189 2.5 35.6 49.0 21.7 18.1
★★ IDBI Flexi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 35.5 385 2.6 37.7 49.6 20.2 16.5
★★ L&T Flexi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 123.5 3013 2.1 30.6 41.4 16.0 14.8
★★ Motilal Oswal Flexi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 35.5 11505 1.8 18.5 26.8 13.1 13.1
★★ Union Flexi Cap Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 34.8 816 2.5 39.1 50.6 24.0 18.5
★ LIC MF Flexi Cap Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 68.2 428 2.7 21.6 31.3 16.0 11.6
★ Taurus Flexi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 151.8 269 2.6 26.8 37.0 12.6 11.4
- AXIS Flexi Cap Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 19.9 10979 1.8 31.1 44.0 23.7 -
- Edelweiss Flexi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 23.4 885 2.3 35.7 45.2 19.6 18.6
- Navi Flexi Cap Fund - Regular (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 16.3 212 2.3 33.3 44.8 18.8 -
- PGIM India Flexi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 27.4 2706 2.3 45.0 60.0 30.0 22.4
- Shriram Flexi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 15.1 68 2.6 24.0 33.0 14.6 -
- Tata Flexi Cap Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 16.5 2159 2.1 28.7 39.4 18.7 -
EQUITY - MULTI CAP FUNDS
- Baroda Multi Cap Fund - Plan A (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 176.8 1171 2.5 47.3 60.2 24.7 18.0
- BNP Paribas Multi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 78.6 599 2.4 41.5 54.0 21.5 17.4
- ICICI Pru Multicap Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 457.4 6585 1.9 39.9 54.3 17.8 15.7
- Invesco India Multicap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 81.6 1722 2.3 41.6 56.0 21.5 17.3
- Mahindra Manulife Multi Cap Badhat Yojana (G) . . . . .. . . . . . . . . . 21.2 854 2.6 54.4 66.2 28.2 -
- Nippon India Multi Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 150.3 10970 1.9 53.6 65.5 17.3 16.4
- Principal Multi Cap Growth Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 242.8 862 2.4 46.7 57.7 21.0 18.9
- Quant Active Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 421.3 1304 2.1 57.9 79.7 33.4 26.6
- Quantum Equity Fund Of Funds - Regular (G) . . . . . . . . . . . .. . . . . . . . . . 55.2 78 0.8 32.2 42.7 18.3 -
- Sundaram Equity Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 16.9 847 2.4 39.9 50.0 - -
EQUITY - MID CAP FUNDS
★★★★★ Edelweiss Mid Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 51.7 1750 2.1 51.8 64.5 27.1 20.8
★★★★★ Kotak Emerging Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 73.3 16485 1.8 48.6 62.2 26.6 20.1
★★★★ AXIS Midcap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 72.0 15988 1.8 43.9 55.3 28.5 24.3
★★★★ Invesco India Midcap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 89.5 2061 2.3 43.3 55.8 24.1 20.0
★★★★ L&T Midcap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 211.5 6909 1.9 33.7 45.8 17.3 16.6
★★★★ UTI-Mid Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 194.2 6695 2.1 46.0 60.9 25.4 18.5
★★★ BNP Paribas Mid Cap Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 59.5 1089 2.2 46.9 63.0 24.9 18.2
★★★ DSP Midcap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 93.3 14190 1.8 31.6 40.3 22.3 17.6
★★★ Franklin India Prima Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1567.2 8083 1.9 38.6 49.6 20.4 16.5
★★★ HDFC Mid-Cap Opportunities Fund (G) . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 92.6 31629 1.7 41.9 54.5 21.5 16.5
★★★ ICICI Pru MidCap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 166.7 3178 2.1 47.9 64.0 21.8 17.7
★★★ SBI Magnum Midcap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 142.4 6426 2.0 53.7 74.6 26.9 16.7
★★★ Tata Mid Cap Growth Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 250.1 1460 2.3 42.5 54.4 25.3 19.6
★★★ Mirae Asset Great Consumer Fund (G). . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 57.0 1572 2.1 37.8 49.1 20.3 20.4
★★★ Sundaram Rural and Consumption Fund (G) . . . . . . . . . . . . . .. . . . . . . . . . 60.2 1289 2.2 25.3 36.9 15.0 13.8
★★ ICICI Pru FMCG Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 333.2 900 2.7 22.8 35.2 13.4 15.7
★ UTI-India Consumer Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 41.2 357 2.9 31.3 45.5 18.2 16.0
- Nippon India Consumption Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 116.2 180 2.4 36.2 55.8 23.8 15.5
- SBI Consumption Opportunities Fund (G) . . . . . . . . . . . . . . . . . . .. . . . . . . . 186.6 839 2.4 40.7 65.8 18.4 19.4
- Tata India Consumer Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 27.2 1344 2.2 29.7 42.6 16.3 21.7
EQUITY - THEMATIC - INFRASTRUCTURE FUNDS
★★★★★ Franklin Build India Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 66.9 1132 2.3 51.6 67.2 19.8 16.2
★★★★★ Invesco India Infrastructure Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 32.0 334 2.7 57.6 73.8 25.5 19.4
★★★★ DSP India T.I.G.E.R. Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 146.9 1302 2.6 55.2 70.4 20.0 15.2
★★★★ Kotak Infrastructure & Economic Reform-SP (G) . . . . .. . . . . . . . . . 33.0 462 2.6 60.8 76.8 20.9 14.9
★★★★ L&T Infrastructure Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 24.4 1356 2.2 57.3 73.0 15.3 16.1
★★★ Aditya Birla SL Infrastructure Fund - (G) . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 49.8 557 2.6 49.3 71.3 17.7 14.0
★★★ Canara Robeco Infrastructure (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 75.9 171 2.6 56.5 71.1 20.7 14.4
★★★ IDFC Infrastructure Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 24.7 663 2.5 67.3 86.4 19.2 15.7
★★★ SBI Infrastructure Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 25.4 744 2.6 49.4 59.3 22.3 15.5
★★★ Sundaram Infrastructure Advantage Fund (G) . . . . . . . . . .. . . . . . . . . . 52.6 646 2.5 51.5 68.5 20.8 15.8
★★★ Tata Infrastructure Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 92.5 758 2.5 52.3 70.8 21.1 15.9
★★ ICICI Pru Infrastructure Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 81.4 1447 2.3 56.4 77.8 18.7 15.3
★★ Nippon India Power & Infra Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 160.7 1679 2.3 53.2 68.1 18.4 16.2
★★ UTI-Infrastructure Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 79.4 1512 2.3 43.6 55.7 17.3 13.4
★ HDFC Infrastructure Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 20.6 604 2.6 44.6 68.7 8.9 5.0
★ HSBC Infrastructure Equity Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 26.0 110 2.6 58.3 78.9 14.5 9.2
- BOI AXA Manufacturing & Infrastr Fund (G) . . . . . . . . . . . . . .. . . . . . . . . . 28.8 65 2.8 49.6 61.7 24.6 18.9
- LIC MF Infrastructure Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 22.4 80 2.6 48.0 53.9 19.4 14.8
- Quant Infrastructure Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 21.1 147 2.3 83.5 108.3 36.9 26.2
- Taurus Infrastructure Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 38.8 5 2.5 40.0 51.7 17.3 16.2
EQUITY - THEMATIC - MNC FUNDS
- Aditya Birla SL MNC Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 996.7 3921 2.0 13.7 24.3 11.4 12.4
- SBI Magnum Global Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 291.5 5387 2.1 37.1 50.1 21.5 16.5
- UTI-MNC Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 282.5 2607 2.0 26.7 38.1 13.4 14.5
EQUITY - SECTOR - BANKING FUNDS
★★★★★ ICICI Pru Banking & Financial Services (G). . . . . . . . . . . . . . . . .. . . . . . . . . . 86.5 5242 2.0 31.4 40.3 14.1 14.7
★★★★ Invesco India Financial Services Fund (G) . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 80.2 393 2.6 23.0 29.6 16.5 16.7
★★★ Aditya Birla SL Banking&Financial Services (G) . . . . . . .. . . . . . . . . . 40.0 2228 2.2 25.6 36.8 15.2 15.3
★★★ Nippon India Banking&Financial Services (G) . . . . . . . . . . .. . . . . . . . 364.6 3282 2.1 39.1 48.1 12.5 13.7
★★ Sundaram Fin Serv Opportunities (G) . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 61.5 485 2.6 23.7 30.5 18.5 14.7
★ UTI-Banking and Financial Services Fund (G) . . . . . . . . . . . .. . . . . . . . 121.7 768 2.7 24.6 32.4 10.7 11.2
- Baroda Banking&Fin Serv Fund - Plan A (G) . . . . . . . . . . . . . . .. . . . . . . . . . 29.9 55 2.7 15.9 22.7 13.5 12.8
- IDBI Banking & Financial Services Fund - Reg (G) . . . .. . . . . . . . . . 13.9 100 2.6 20.9 27.2 13.0 -
- LIC MF Banking & Fina Serv Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 14.3 63 2.8 18.5 23.6 13.7 6.8
- SBI Banking & Financial Services Fund (G) . . . . . . . . . . . . . . . . .. . . . . . . . . . 25.4 3106 2.0 20.3 26.6 16.9 18.1
- Tata Banking & Financial Services Fund (G) . . . . . . . . . . . . . . .. . . . . . . . . . 26.6 856 2.5 20.2 26.8 18.0 17.0
- Taurus Banking & Financial Services Fund (G) . . . . . . . . . .. . . . . . . . . . 36.0 10 2.4 19.9 27.1 16.4 15.7
EQUITY - SECTOR - IT FUNDS
- Aditya Birla SL Digital India Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 138.6 2658 2.2 59.2 80.2 40.2 33.6
- Franklin India Technology Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 364.7 721 2.6 40.0 54.5 33.6 28.0
- ICICI Pru Technology Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 165.2 6887 2.1 67.0 92.9 42.7 35.2
- SBI Technology Opportunities Fund (G) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 158.2 1891 2.3 60.4 80.2 37.5 30.4
- Tata Digital India Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 38.6 3842 2.0 65.0 90.7 40.2 34.9
EQUITY - SECTOR - PHARMA FUNDS
- Aditya Birla SL Pharma & Healthcare Fund (G) . . . . . . . . .. . . . . . . . . . 18.8 567 2.6 14.4 25.4 - -
- DSP Healthcare Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 22.6 1404 2.2 17.5 28.1 - -
- ICICI Pru P.H.D Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 20.0 3045 2.1 12.9 26.0 25.7 -
- Mirae Asset Healthcare Fund - Regular (G) . . . . . . . . . . . . . . . .. . . . . . . . . . 23.1 1798 2.0 21.5 34.1 30.1 -
- Nippon India Pharma Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 301.8 5210 1.9 19.2 33.0 25.3 16.8
- SBI Healthcare Opportunities Fund (G) . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 221.7 1872 2.1 12.7 24.9 22.0 10.3
- Tata India Pharma & Healthcare Fund (G) . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.4 558 2.6 14.8 27.9 25.0 14.0
- UTI-Healthcare Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 162.2 828 2.3 14.1 25.8 24.0 12.9
HYBRID - AGGRESSIVE HYBRID FUNDS
★★★★★ ICICI Pru Equity & Debt Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 220.9 18740 1.8 44.8 60.6 19.9 16.5
★★★★★ SBI Equity Hybrid Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 204.8 48043 1.7 24.5 33.7 17.8 14.8
★★★★ Canara Robeco Equity Hybrid Fund (G). . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 248.6 6901 1.9 23.6 30.6 18.8 15.8
★★★★ DSP Equity & Bond Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 241.0 7559 1.9 25.8 34.4 19.8 14.9
★★★ Aditya Birla SL Equity Hybrid '95 Fund (G) . . . . . . . . . . . . . . . . . .. . . . . 1089.8 8047 1.9 26.9 36.3 14.7 12.1
★★★ Franklin India Equity Hybrid Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 178.5 1457 2.2 26.1 32.6 16.2 12.7
★★★ HDFC Hybrid Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 80.1 18986 1.8 27.9 36.0 16.6 14.0
★★★ L&T Hybrid Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 37.8 5367 1.9 22.5 29.2 14.2 12.8
★★★ Principal Hybrid Equity Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 114.4 1107 2.2 27.8 36.2 15.4 15.4
★★★ Tata Hybrid Equity Fund - Regular (G). . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 306.6 3428 2.0 26.1 33.7 15.1 11.6
★★★ UTI-Hybrid Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 254.7 4326 2.0 33.7 42.1 16.0 13.2
★★ Nippon India Equity Hybrid Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 66.7 3500 2.0 29.3 37.6 8.2 9.3
★★ Sundaram Equity Hybrid Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 137.1 1980 2.2 29.0 37.1 17.2 14.7
★ Baroda Hybrid Equity Fund-Plan A (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 85.2 412 2.6 30.8 39.7 17.3 13.6
★ LIC MF Equity Hybrid Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 140.5 471 2.6 16.3 23.4 14.1 10.6
- AXIS Equity Hybrid Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 16.2 1888 2.1 25.1 33.1 18.9 -
- BNP Paribas Substantial Equity Hybrid Fund (G) . . . . . .. . . . . . . . . . 18.7 731 2.4 25.2 33.1 19.6 -
- BOI AXA Mid & Small Cap Equity & Debt Fund (G) . . .. . . . . . . . . . 23.4 346 2.7 48.4 59.0 23.3 18.6
- Edelweiss Aggressive Hybrid Fund - Plan A (G). . . . . . . . .. . . . . . . . . . 38.4 115 2.3 26.3 35.7 17.0 14.3
- IDBI Hybrid Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 16.4 208 2.6 22.3 29.3 13.3 10.3
- IDFC Hybrid Equity Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.3 593 2.5 29.7 38.9 16.2 -
- Invesco India Equity & Bond Fund - Regular (G) . . . . . . . .. . . . . . . . . . 14.7 400 2.5 20.6 27.7 14.1 -
- JM Equity Hybrid Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 69.4 10 2.5 26.6 34.2 15.2 13.1
- Kotak Equity Hybrid Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 40.4 2132 2.2 30.8 39.3 20.7 14.9
- LIC MF ULIS - Regular (IDCW) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 27.4 419 2.4 26.8 35.8 15.9 14.3
- Mirae Asset Hybrid - Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 22.4 6246 1.8 25.9 32.9 17.5 15.8
- Navi Equity Hybrid Fund - Regular (G). . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 14.4 106 2.3 22.2 29.2 13.7 -
- PGIM India Hybrid Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 100.0 185 2.4 25.8 34.2 16.0 11.9
- Quant Absolute Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 277.6 106 2.5 46.2 63.5 28.8 21.0
- Shriram Hybrid Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 23.2 64 2.4 16.6 23.5 13.0 12.0
HYBRID - EQUITY SAVINGS FUNDS
- Aditya Birla SL Equity Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.7 536 2.5 14.0 19.1 11.3 9.4
- AXIS Equity Saver Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.1 1053 2.2 14.2 19.1 11.9 10.7
- DSP Equity Savings Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 16.0 382 2.4 12.7 16.6 9.7 8.2
- Edelweiss Equity Savings Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 18.4 345 2.0 12.6 16.4 11.3 10.3
- HDFC Equity Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 48.1 2516 2.2 17.6 23.6 10.8 9.8
- ICICI Pru Equity Savings Fund - Reg (G) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 16.9 4506 1.0 9.6 13.6 8.5 7.9
- IDBI Equity Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 21.1 13 2.1 11.1 15.1 9.8 6.6
- IDFC Equity Savings Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 24.7 65 1.4 9.6 12.8 8.4 6.5
- Kotak Equity Savings Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 18.4 1626 2.2 11.9 15.1 10.5 9.8
- L&T Equity Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 22.9 102 1.6 15.9 20.7 10.2 8.7
- Mahindra Manulife Equity Savings DSY (G) . . . . . . . . . . . . . . .. . . . . . . . . . 15.8 344 2.5 17.9 24.1 13.9 -
- Nippon India Equity Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 12.4 239 2.7 12.7 16.3 -0.1 3.1
- PGIM India Equity Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 39.7 104 1.2 12.4 16.3 9.5 8.3
- Principal Equity Savings Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 50.7 118 2.4 19.7 24.4 13.1 10.9
- SBI Equity Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.4 1950 1.3 13.8 18.7 11.9 9.8
- Tata Equity Saving Fund - (App) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 41.4 123 2.4 11.3 14.5 9.8 7.5
- Union Equity Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 13.4 177 2.0 9.4 12.5 9.8 -
Source : NAV India;NAV for the growth option as on 18-11-2021.
★★ Aditya Birla SL Midcap Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 483.1 3382 2.1 52.3 70.3 20.0 15.2
★★ Nippon India Growth Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2118.6 11919 1.9 51.8 66.9 26.7 20.3
★★ Sundaram Mid Cap Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 729.1 6916 1.9 41.1 54.8 17.7 13.7
★ Motilal Oswal Midcap 30 Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 45.3 2419 2.0 54.7 67.1 24.7 16.4
★ PGIM India Midcap Opportunities Fund (G). . . . . . . . . . . . . . . .. . . . . . . . . . 44.3 3388 2.2 63.1 81.2 36.0 23.4
- Baroda Mid-Cap Fund - Plan A (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.8 85 2.8 54.1 65.4 27.7 19.6
- IDBI Midcap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 18.0 214 2.6 39.9 51.9 19.7 -
- Mahindra Manulife Mid Cap Unnati Yojana (G) . . . . . . . . .. . . . . . . . . . 17.6 845 2.5 50.2 65.8 24.7 -
- Mirae Asset Midcap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 21.3 6737 1.8 52.3 67.2 - -
- Taurus Discovery (Midcap) Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 75.4 78 2.6 37.9 48.2 22.0 18.9
EQUITY - SMALL CAP FUNDS
★★★★★ Nippon India Small Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 84.5 17197 1.8 68.7 88.6 28.5 24.2
★★★★★ SBI Small Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 106.0 10626 1.7 48.3 65.2 29.0 24.2
★★★★ DSP Small Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 110.0 8270 1.9 54.8 70.3 27.3 17.7
★★★★ Kotak Small Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 170.3 6180 2.0 73.8 93.4 35.9 23.8
★★★ Aditya Birla SL Small Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 55.6 2969 2.1 51.5 69.2 18.2 14.0
★★★ AXIS Small Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 61.3 7362 2.0 55.9 67.0 33.0 23.5
★★★ Franklin India Smaller Companies Fund (G) . . . . . . . . . . . . . . .. . . . . . . . . . 93.1 7229 1.9 57.3 77.7 21.5 16.2
★★★ HDFC Small Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 74.2 13182 1.8 60.3 80.1 20.9 20.8
★★★ Sundaram Small Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 151.1 1541 2.2 58.6 81.1 24.8 15.8
★★ HSBC Small Cap Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 90.3 335 2.5 60.9 78.9 23.3 17.5
★★ L&T Emerging Businesses Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 44.9 7554 1.9 70.5 90.0 22.6 21.0
★ Union Small Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 29.2 555 2.6 60.0 77.5 29.3 19.8
- BOI AXA Small Cap Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 26.5 194 2.7 66.2 81.3 - -
- Canara Robeco Small Cap Fund - Regular (G) . . . . . . . . . . . .. . . . . . . . . . 22.8 1699 2.2 68.1 84.8 - -
- Edelweiss Small Cap Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 24.3 1057 2.2 63.1 79.3 - -
- ICICI Pru Smallcap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 52.2 3304 2.0 64.3 87.5 31.2 19.9
- IDBI Small Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.4 130 2.6 61.5 81.2 23.6 -
- IDFC Emerging Businesses Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 22.5 1433 2.2 50.8 69.6 - -
- Invesco India Smallcap Fund - Regular (G) . . . . . . . . . . . . . . . . .. . . . . . . . . . 21.5 1227 2.3 59.7 81.7 28.6 -
- Principal Small Cap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 24.4 491 2.5 72.0 89.1 - -
- Tata Small Cap Fund - Regular (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 22.1 1721 2.1 70.2 87.4 30.0 -
EQUITY - FOCUSED FUNDS
★★★★★ Franklin India Focused Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 67.4 7934 1.9 44.1 55.2 21.2 16.9
★★★★★ SBI Focused Equity Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 256.8 21677 1.9 46.1 57.8 26.2 21.0
★★★★ AXIS Focused 25 Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 48.1 20404 1.8 29.3 42.6 23.2 21.4
★★★★ Nippon India Focused Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 79.6 5892 2.0 43.9 57.6 22.3 17.2
★★★ Aditya Birla SL Focused Equity Fund (G). . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 94.1 5381 2.0 29.1 40.3 19.2 16.0
★★★ DSP Focus Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 34.9 2134 2.1 23.9 34.4 17.5 14.0
★★★ Motilal Oswal Focused 25 Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 34.0 1830 2.2 19.5 26.8 18.9 15.6
★★★ Principal Focused Multicap Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 113.2 686 2.5 37.2 48.9 23.3 18.6
★★ ICICI Pru Focused Equity Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 50.3 2387 2.2 38.9 54.5 19.9 16.2
★★ Sundaram Select Focus - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 277.2 1403 2.2 28.2 38.0 18.8 17.9
★ HDFC Focused 30 Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 114.6 920 2.5 41.7 56.2 15.8 13.2
★ IDFC Focused Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 55.2 1437 2.2 25.0 31.3 15.8 16.1
- BNP Paribas Focused 25 Equity Fund (G) . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 14.9 210 2.5 25.8 36.3 19.0 -
- IDBI Focused 30 Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 15.9 146 2.6 31.3 42.5 18.8 -
- IIFL Focused Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 31.1 2480 2.0 38.1 49.6 30.5 21.2
- JM Core 11 Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 12.1 46 2.4 21.5 32.1 13.5 14.2
- Kotak Focused Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 16.9 2236 2.1 37.4 46.1 - -
- L&T Focused Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 16.4 1011 2.3 25.6 36.0 17.4 -
- Mirae Asset Focused Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 20.4 7953 1.7 42.1 52.5 - -
- Quant Focused Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 55.1 49 2.6 39.2 55.8 21.1 17.0
EQUITY - VALUE FUNDS
★★★★★ ICICI Pru Value Discovery Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 247.3 22558 1.7 41.7 54.3 20.3 15.8
★★★★★ L&T India Value Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 58.3 8009 1.8 40.7 51.2 19.2 16.0
★★★★ IDFC Sterling Value Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 87.3 4207 2.0 59.2 76.5 20.4 19.1
★★★★ Tata Equity P/E Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 201.7 5168 2.0 30.0 38.5 16.4 15.0
★★★ Aditya Birla SL Pure Value Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 73.7 4325 2.1 37.7 51.7 12.8 11.2
★★★ HDFC Capital Builder Value Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 443.3 5429 1.9 37.2 48.4 16.6 15.9
★★★ JM Value Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 52.9 162 2.5 39.2 49.1 21.4 17.5
★★★ Nippon India Value Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 124.4 4368 2.0 42.3 54.8 21.3 18.5
★★ Templeton India Value Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 412.1 621 2.5 52.4 66.4 19.5 15.6
★★ UTI-Value Opportunities Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 102.4 6661 1.9 33.5 43.9 21.3 17.4
★ Quantum Long Term Equity Value Fund (G) . . . . . . . . . . . . . . .. . . . . . . . . . 78.2 921 1.8 30.1 40.1 13.6 -
- Indiabulls Value Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.6 13 2.3 30.0 38.0 13.9 11.0
EQUITY - TAX SAVING (ELSS) FUNDS
★★★★★ AXIS Long Term Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 76.9 34235 1.6 29.6 42.9 22.9 20.2
★★★★★ DSP Tax Saver Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 82.2 9805 1.8 38.5 50.4 23.0 17.9
★★★★★ Quant Tax Plan-(G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 224.1 487 2.6 62.3 85.0 35.0 26.0
★★★★ BOI AXA Tax Advantage Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 103.1 519 2.5 41.4 53.9 29.2 22.7
★★★★ Canara Robeco Equity Tax Saver Fund (G) . . . . . . . . . . . . . . . . .. . . . . . . . 119.2 2893 2.1 36.9 49.8 25.5 21.1
★★★★ IDFC Tax Advantage (ELSS) Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 97.7 3518 1.9 49.6 63.3 22.2 20.3
★★★★ Invesco India Tax Plan (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 85.5 1898 2.1 33.9 46.3 21.2 18.7
★★★★ Kotak Tax Saver Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 73.4 2323 2.1 36.4 46.7 21.9 17.8
★★★ Aditya Birla SL Tax Relief '96 (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 43.0 14647 1.8 16.0 25.7 12.8 14.2
★★★ BNP Paribas Long Term Equity Fund (G) . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 61.8 557 2.4 27.5 36.3 20.6 16.8
★★★ Franklin India Taxshield - (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 888.6 5114 1.9 40.4 50.5 18.2 15.0
★★★ HSBC Tax Saver Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 57.7 203 2.5 33.9 45.4 18.9 16.0
★★★ ICICI Pru Long Term Equity Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 610.1 10116 2.0 36.9 50.8 19.6 16.6
★★★ L&T Tax Advantage Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 81.2 3529 2.0 29.4 39.4 15.0 15.1
★★★ LIC MF Tax Plan - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 102.4 410 2.6 28.8 39.8 17.9 16.4
★★★ Principal Tax Savings Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 336.9 610 2.5 36.4 47.2 18.9 17.5
★★★ UTI-Long Term Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 150.7 3046 2.3 36.1 48.1 22.6 17.9
★★ Edelweiss Long Term Equity Fund (TS) (G) . . . . . . . . . . . . . . . .. . . . . . . . . . 71.8 200 2.4 30.8 40.5 18.2 15.3
★★ IDBI Equity Advantage Fund - Regular (G) . . . . . . . . . . . . . . . . . .. . . . . . . . . . 39.2 544 2.4 28.2 38.9 14.9 14.1
★★ Nippon India Tax Saver (ELSS) Fund - (G) . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 78.6 12446 1.8 42.0 53.7 13.0 10.5
★★ SBI Long Term Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 229.9 11094 1.8 35.2 48.3 19.1 15.3
★★ Sundaram Diversified Equity (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 150.0 2177 2.1 33.0 44.0 16.6 14.1
★ HDFC Tax Saver Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 751.3 9449 1.9 37.2 49.4 14.9 12.9
★ Union Long Term Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 43.0 449 2.5 38.0 49.7 23.7 17.6
- Baroda ELSS '96 - Plan A (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 73.6 217 2.6 39.4 51.0 21.2 15.1
- Indiabulls Tax Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 13.7 51 2.3 23.4 32.2 14.5 -
- JM Tax Gain Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 29.7 66 2.4 36.4 47.1 23.8 20.1
- Mahindra Manulife ELSS Kar Bachat Yojana(G). . . . . . . .. . . . . . . . . . 18.9 424 2.5 39.7 52.9 19.7 13.6
- Mirae Asset Tax Saver Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 31.9 10146 1.7 38.0 48.0 24.8 22.6
- Motilal Oswal Long Term Equity Fund (G). . . . . . . . . . . . . . . . . . .. . . . . . . . . . 27.5 2364 2.0 34.6 45.7 19.3 17.2
- Navi Long Term Advantage Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 21.2 70 2.3 31.1 40.6 16.1 14.7
- Parag Parikh Tax Saver Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 18.8 324 2.5 35.4 46.0 - -
- PGIM India Long Term Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 23.7 334 2.5 36.9 51.1 21.1 18.0
- Quantum Tax Saving Fund - Regular (G). . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 77.4 103 1.8 29.6 39.6 13.6 -
- Tata India Tax Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 28.5 2998 2.0 32.4 40.4 19.7 17.4
- Taurus Tax Shield (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 114.1 68 2.5 23.6 32.4 15.3 16.0
EQUITY - CONTRA FUNDS
- Invesco India Contra Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 79.0 8458 1.9 32.9 43.5 20.3 19.7
- Kotak India EQ Contra Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 84.1 1189 2.3 32.6 42.7 19.7 18.8
- SBI Contra Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 202.8 3106 2.1 49.8 71.0 24.8 17.5
EQUITY - DIVIDEND YIELD FUNDS
★★★★★ Principal Dividend Yield Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 86.4 236 2.6 32.8 43.4 18.8 18.3
★★★★ Templeton India Equity Income Fund (G) . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 82.2 1203 2.3 44.4 63.0 23.0 18.2
★★★ UTI-Dividend Yield Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 109.2 3166 2.0 39.9 55.1 20.5 17.7
★★ Aditya Birla SL Dividend Yield Fund (G) . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 256.1 860 2.4 35.1 49.3 18.1 13.0
★ ICICI Pru Dividend Yield Equity Fund (G). . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 26.5 530 2.8 46.0 67.5 17.7 14.9
- IDBI Dividend Yield Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.6 100 2.6 30.8 43.0 - -
EQUITY - THEMATIC - CONSUMPTION FUNDS
★★★★★ Aditya Birla SL India GenNext Fund (G) . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 143.0 2545 2.2 36.2 48.2 22.6 19.7
★★★★ Canara Robeco Consumer Trends Fund (G) . . . . . . . . . . . . . . . .. . . . . . . . . . 68.8 745 2.5 34.4 47.0 23.9 20.9
BL Rating Scheme Name
Trailing Returns (%)Latest
NAV(₹�)
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Corpus (₹� Cr)
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Ratio(%)
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1 YearCAGR
3 YearCAGR
5 YearCAGR
BL Rating Scheme Name
Trailing Returns (%)Latest
NAV(₹�)
Latest
Corpus (₹� Cr)
Expense
Ratio(%)
YTDAbsolute
1 YearCAGR
3 YearCAGR
5 YearCAGR
BL Rating Scheme Name
Trailing Returns (%)Latest
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Ratio(%)
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5 YearCAGR
CMYK
MUMBAI
BusinessLine10 SUNDAY • NOVEMBER 21 • 2021STAR TRACK MF RATINGS
Our rating is based on the funds’ historicalperformance measured both in terms ofreturn and risk. The returns and risk of the
schemes are measured using rolling returns andSortino ratio respectively.
Rolling returns help to identify schemes that havedelivered relatively consistent returns duringvarious market cycles and over the long run. Wehave considered oneyear, threeyear and fi�veyearrolling returns for a total of 7year NAV history forequity and hybrid funds. For debtoriented funds, wehave considered oneyear, twoyear and threeyearrolling returns for a total of 5year NAV history.
Sortino ratio measures the performance of theschemes during downtrends, thus capturing thedownside risk.
Oneyear trailing return is also considered toassess the fund’s recent performance. To arrive at thefi�nal score, we have assigned a 60 per centweightage for past performance based on rollingreturns. Sortino ratio and oneyear performance isgiven a 30 per cent and 10 per cent weightagerespectively. The fi�nal score is used to rate funds
within each category. Mutual funds with corpus ofless than ₹�100 crore, liquid funds, and arbitragefunds, are not considered for rating. We have alsonot rated categories where the number of funds areless than 5.
Post the SEBI’s directive on categorization andrationalisation of mutual fund schemes, there are 30schemes that have undergone a drastic change intheir portfolio and mandate. Given that comparing
past performance of these schemes is not possible,we have excluded them from the rating exercise.
The funds with highest scores are assigned fi�vestar rating while the funds with lowest scores areassigned one star rating.Note: In September 2020, SEBI revised the
investment mandate of multicap funds, requiringthem to invest at least 25 per cent of their assets eachin large, mid and smallcap stocks. The regulatorallowed time till January 31, 2021 for the funds tocomply with the new mandate. Funds that did notwish to follow the new investment strategyconverted into a fl�exicap fund, a new categoryintroduced by the regulator in November 2020.
Since the investment strategy of funds continuingas multicap funds now would be in line with thenew mandate, comparing the current returns withthe past may not present the right picture. Thus, weare excluding the rating of multicap funds.
Ratings for all funds have been revised with eff�ectfrom the edition dated September 19, 2021. Ratingsfor Dividend Yield funds and Floater funds is beingintroduced from now on.
MF ratings methodology
................BM-BME
DEBT - ULTRA SHORT DURATION FUNDS
★★★★★ Aditya Birla SL Savings Fund - Regular (G) . . . . . . . . . . . . . . . . .. . . . . . . . 433.7 17500 0.5 3.5 4.0 6.7 6.8
★★★★★ BOI AXA Ultra Short Duration Fund (G) . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2572.1 207 0.6 2.8 3.1 5.4 6.3
★★★★ Invesco India Ultra Short Term Fund (G) . . . . . . . . . . . . . . . . . . . . .. . . . . 2171.3 1018 0.9 2.7 3.0 5.5 6.1
★★★★ Kotak Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 34.4 13153 0.8 2.8 3.2 5.9 6.2
★★★ Canara Robeco Ultra Short Term Fund (G) . . . . . . . . . . . . . . . . .. . . . . 3097.5 676 1.0 2.3 2.6 4.7 5.2
★★★ DSP Ultra Short Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2755.6 3542 1.0 2.5 2.9 4.8 5.2
★★★ PGIM India Ultra Short Term Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 27.6 712 0.8 2.9 3.3 7.8 7.5
★★★ SBI Magnum Ultra Short Duration Fund - (G) . . . . . . . . . . . . .. . . . . 4778.8 11569 0.5 3.0 3.4 6.0 6.4
★★ Nippon India USD Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 3232.9 3443 1.1 7.3 8.0 4.7 5.3
★★ UTI-Ultra Short Term Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 3418.0 2339 0.9 5.7 6.2 5.1 5.7
★ IDBI Ultra Short Term Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2225.8 336 0.6 3.5 4.1 5.5 5.7
★ Principal Ultra Short Term Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2214.2 175 1.1 2.4 2.7 4.7 4.2
- AXIS Ultra Short Term Fund - Regular (G) . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 11.9 6170 1.2 2.8 3.2 5.6 -
- Baroda Ultra Short Duration Fund - Regular (G). . . . . . . .. . . . . 1223.7 151 0.4 3.2 3.6 5.6 -
- Franklin India USB - Super Ins(G) (Wound up) . . . . . . . . . .. . . . . . . . . . 31.9 820 0.0 9.1 9.9 8.0 8.1
- HDFC Ultra Short Term Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 12.1 16432 0.6 3.2 3.6 6.1 -
- ICICI Pru Ultra Short Term Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 22.1 11143 0.9 3.6 4.0 6.6 6.7
- IDFC Ultra Short Term Fund - Reg (G) . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 12.2 4779 0.4 2.9 3.3 5.9 -
- L&T Ultra Short Term - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 33.6 2362 0.4 2.9 3.3 5.7 6.1
- Motilal Oswal Ultra Short Term Fund (G) . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 13.8 113 1.0 2.1 2.5 1.7 2.0
- Navi Ultra Short Term Fund - Regular (G). . . . . . . . . . . . . . . . . . . .. . . . . 2221.6 21 1.6 1.7 1.9 4.2 5.0
- Tata Ultra Short Term Fund - Regular (G). . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 11.5 1103 1.0 2.7 3.1 - -
DEBT - LOW DURATION FUNDS
★★★★★ ICICI Pru Savings Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 429.8 31730 0.5 3.7 4.8 7.4 7.2
★★★★★ Kotak Low Duration Fund - Regular (G). . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2697.9 11005 1.1 3.2 3.7 6.9 6.9
★★★★ Aditya Birla SL Low Duration Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 528.8 17415 1.2 3.2 3.7 6.8 6.6
★★★★ AXIS Treasury Advantage Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2462.0 9258 0.6 3.4 3.8 6.9 6.8
★★★★ IDFC Low Duration Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 31.0 8450 0.5 3.1 3.5 6.5 6.6
★★★ Canara Robeco Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 33.8 1288 0.6 2.8 3.2 6.1 6.3
★★★ DSP Low Duration Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 15.9 4343 0.6 3.1 3.5 6.5 6.6
★★★ L&T Low Duration Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 22.7 1233 0.9 3.1 3.5 5.5 6.1
★★★ Mirae Asset Savings Fund-Reg Savings Plan (G) . . . . . .. . . . . 1820.7 1047 0.9 2.8 3.2 5.4 5.6
★★★ SBI Magnum Low Duration Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2812.4 12584 1.0 2.9 3.3 6.3 6.5
★★ JM Low Duration Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 29.8 136 0.7 2.8 3.1 5.0 5.6
★★ LIC MF Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 32.0 1757 0.8 3.4 3.8 5.0 5.6
★★ Tata Treasury Advantage Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 3151.7 2668 0.5 3.2 3.7 4.7 5.6
★★ UTI-Treasury Advantage Fund - Regular (G) . . . . . . . . . . . . . .. . . . . 2817.3 5069 0.4 8.6 9.0 4.1 5.2
★ Sundaram Low Duration Fund - Regular (G) . . . . . . . . . . . . . . .. . . . . . . . . . 28.7 491 1.0 11.4 11.8 5.2 5.7
- Baroda Treasury Advantage - Reg (G) . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1547.2 29 0.9 3.6 6.4 -9.1 -3.0
- BNP Paribas Low Duration Fund - Regular (G) . . . . . . . . . . .. . . . . . . . . . 32.4 325 1.1 3.5 4.0 6.8 6.8
- Franklin India LDF (G) (Wound up) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 25.5 98 0.0 12.6 15.7 6.9 7.3
- HDFC Low Duration Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 46.3 21669 1.0 3.4 4.2 6.9 6.6
- HSBC Low Duration Fund - Reg (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 23.7 253 1.0 2.5 2.8 1.2 3.0
- Invesco India Treasury Advantage Fund-Reg(G) . . . . . .. . . . . 2763.0 3389 0.7 2.6 2.9 6.1 6.0
- Mahindra Manulife Low Duration Fund - Reg (G). . . . . .. . . . . 1323.6 680 1.2 2.8 3.2 6.0 -
- Nippon India Low Duration Fund - Retail (G) . . . . . . . . . . . . . .. . . . . 2867.0 9621 1.0 3.7 4.2 6.2 6.2
- PGIM India Low Duration Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 23.8 87 1.2 2.9 3.4 -1.2 1.9
- Principal Low Duration Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2792.8 62 0.5 3.0 3.4 -0.8 2.1
DEBT - MONEY MARKET FUNDS
★★★★★ Aditya Birla SL Money Manager Fund (G) . . . . . . . . . . . . . . . . . . .. . . . . . . . 291.9 14819 0.3 3.4 3.8 6.4 6.7
★★★★★ Franklin India Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 39.8 996 0.3 3.2 3.6 6.2 6.6
★★★★ Kotak Money Market Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 3547.7 11454 0.3 3.2 3.7 6.0 6.4
★★★ HDFC Money Market Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 4524.5 15828 0.4 3.3 3.7 6.3 6.5
★★★ ICICI Pru Money Market Fund - Regular (G) . . . . . . . . . . . . . . .. . . . . . . . 299.9 13305 0.3 3.3 3.7 6.1 6.5
★★★ Nippon India Money Market Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 3271.1 8408 0.3 3.3 3.8 6.2 6.5
★★★ SBI Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 33.3 25902 0.8 3.0 3.3 5.8 6.0
★★ IDFC Money Manager Fund - Regular (G) . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 32.5 2893 0.9 2.6 2.9 5.1 5.4
★★ L&T Money Market Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 21.2 1070 0.7 2.5 2.9 5.7 6.3
★ Invesco India Money Market Fund - Regular (G) . . . . . . .. . . . . 2219.6 2639 0.6 2.5 2.8 4.8 5.4
★ Tata Money Market Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 3729.2 7126 0.4 3.5 3.9 6.4 5.0
- AXIS Money Market Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1130.4 3810 0.4 3.3 3.7 - -
- DSP Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 42.2 2685 0.5 3.2 3.6 5.9 6.1
- Sundaram Money Market Fund - Regular (G) . . . . . . . . . . . .. . . . . . . . . . 11.9 60 0.3 3.0 3.4 5.7 -
- UTI-Money Market Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 5698.7 9336 0.3 2.9 3.2 5.6 5.9
DEBT - SHORT DURATION FUNDS
★★★★★ HDFC Short Term Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 25.4 19407 0.8 3.6 4.4 8.5 7.6
★★★★★ ICICI Pru Short Term Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 47.4 20584 1.1 3.7 4.6 8.4 7.2
★★★★ Aditya Birla SL Short Term Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 37.8 10184 1.1 3.6 4.4 8.2 7.0
★★★★ AXIS Short Term Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 24.6 11790 1.0 3.2 3.9 8.1 7.1
★★★★ Baroda Short Term Bond Fund-A (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 23.5 262 1.1 3.4 3.9 7.1 7.0
★★★★ Nippon India Short Term Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 42.2 10160 1.2 4.0 4.8 8.1 6.8
★★★ DSP Short Term Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 37.7 3196 0.9 2.6 3.2 7.5 6.5
★★★ IDFC Bond Fund - STP - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 46.0 12688 0.8 3.1 3.6 8.0 7.0
★★★ Invesco India Short Term Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2895.9 1284 1.2 2.4 3.0 7.4 6.3
★★★ Kotak Bond - Short Term Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 42.2 17142 1.2 3.1 3.8 8.0 6.9
★★★ L&T Short Term Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 21.4 4888 0.8 2.7 3.3 7.7 6.8
★★★ SBI Short Term Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 25.8 17412 0.8 2.7 3.3 7.7 6.8
★★ Principal Short Term Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 35.4 117 1.0 2.6 3.3 4.1 4.6
★★ Tata Short Term Bond Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 38.9 3439 1.2 2.4 2.9 7.5 5.3
★ HSBC Short Duration Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 31.9 333 1.3 2.7 3.3 2.9 3.8
★ Sundaram Short Term Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 36.3 353 1.0 12.5 13.0 5.7 5.6
- BNP Paribas Short Term Fund - Regular (G) . . . . . . . . . . . . . . .. . . . . . . . . . 34.0 379 1.0 3.1 3.7 7.3 6.6
- BOI AXA Short Term Income (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.5 29 1.1 2.8 3.2 -3.7 0.0
- Canara Robeco Short Duration Fund (G). . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 20.8 988 1.0 2.6 3.1 7.1 6.5
- Franklin India STI (G) (Wound up) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 4398.8 1199 0.0 14.1 17.9 4.9 6.0
- IDBI Short Term Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 22.3 30 0.8 11.7 12.6 7.6 6.7
- Indiabulls Short Term Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1731.7 26 1.4 2.3 2.7 5.1 5.5
- Mirae Asset Short Term Fund - Regular (G) . . . . . . . . . . . . . . . .. . . . . . . . . . 12.7 659 1.2 2.9 3.4 7.3 -
- PGIM India Short Maturity Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 36.4 36 1.4 2.8 3.2 3.7 4.5
- UTI-Short Term Income Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 36.0 4063 1.0 7.8 8.5 4.7 4.9
DEBT - MEDIUM DURATION FUNDS
★★★★★ SBI Magnum Medium Duration Fund (G) . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 40.8 10740 1.2 3.7 4.5 9.5 8.3
★★★★ AXIS Strategic Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 22.0 1770 1.1 4.8 5.9 8.0 7.2
★★★★ ICICI Pru Medium Term Bond Fund - Regular (G) . . . . .. . . . . . . . . . 35.4 7214 1.4 5.3 6.0 8.6 7.3
★★★ HDFC Medium Term Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 45.2 4193 1.3 4.7 5.7 8.4 7.0
★★★ IDFC Bond Fund - MTP - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 37.7 3980 1.5 2.3 3.1 7.9 6.8
★★★ Kotak Medium Term Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 18.1 3021 1.6 4.5 5.3 7.1 6.4
★★★ L&T Resurgent India Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 16.4 1331 1.5 4.3 5.8 7.7 6.3
★★ Aditya Birla SL Medium Term Plan (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 25.1 1592 1.6 6.8 10.2 3.8 4.6
★★ DSP Bond Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 65.5 477 0.8 3.1 4.0 5.5 4.8
★ Nippon India Strategic Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 12.5 265 2.0 17.1 18.4 -4.4 -0.7
- BNP Paribas Medium Term Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 15.3 21 1.0 2.1 2.6 2.8 3.4
- Franklin India Income Oppt G) (Wound up) . . . . . . . . . . . . . . . .. . . . . . . . . . 24.9 226 0.0 13.4 16.9 5.1 6.1
- Sundaram Medium Term Bond Fund - (G) . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 59.0 66 2.2 1.7 2.1 5.8 5.1
- Tata Medium Term Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 29.4 71 1.4 4.6 5.3 2.3 2.9
- UTI-Medium Term Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 14.9 67 1.6 6.0 6.6 4.4 4.9
DEBT - MEDIUM TO LONG DURATION FUNDS
★★★★★ SBI Magnum Income Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 56.7 1718 1.5 3.6 4.1 9.5 7.5
★★★★ ICICI Pru Bond Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 31.9 2659 1.2 2.9 3.5 9.0 6.9
★★★★ IDFC Bond Fund - Income Plan - Reg (G) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 54.5 658 2.0 1.3 2.1 8.6 6.5
★★★ Aditya Birla SL Income Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 101.8 3434 0.8 3.8 4.7 9.5 6.5
★★★ Canara Robeco Income Fund (Growth) . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 46.4 147 1.9 2.0 2.5 8.0 6.1
★★★ Kotak Bond Fund - Regular (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 62.7 2904 1.6 2.4 3.9 9.0 5.9
★★★ Nippon India Income Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 72.7 271 1.8 1.9 2.4 8.9 6.3
★★ HDFC Income Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 47.8 790 2.2 2.1 2.8 7.2 4.6
★★ LIC MF Bond Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 57.9 131 1.2 1.2 1.7 7.3 5.3
★ UTI-Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 55.5 294 1.6 9.6 10.0 1.9 2.5
- HSBC Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 35.4 37 2.1 1.5 2.4 7.8 5.2
★ UTI-Banking & PSU Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 16.5 246 0.3 2.5 2.9 3.9 4.8
- Aditya Birla SL Banking&PSU Debt Fund - (G) . . . . . . . . . . .. . . . . . . . 292.8 18115 0.7 3.3 4.1 8.5 7.2
- LIC MF Banking & PSU Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 28.0 1909 0.8 2.3 2.8 7.4 6.9
- PGIM India Banking&PSU Debt Fund (G) . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 19.6 80 0.8 3.4 3.9 8.5 7.1
- SBI Banking and PSU Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2521.0 9730 0.8 2.4 3.2 7.9 7.3
- Sundaram Banking & PSU Debt Fund - Retail (G). . . . . .. . . . . . . . . . 31.2 1105 0.3 2.7 3.1 7.3 6.6
DEBT - GILT FUNDS
★★★★★ SBI Magnum Gilt Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 51.8 3788 1.0 2.7 3.3 10.0 7.4
★★★★★ UTI-Gilt Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 50.6 629 0.9 2.5 2.9 9.0 7.2
★★★★ IDFC G Sec Fund - Invst Plan - Regular (G) . . . . . . . . . . . . . . . . . .. . . . . . . . . . 28.5 2041 1.2 2.0 2.8 10.7 7.8
★★★★ Nippon India GSF - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 31.0 1326 1.6 2.0 2.8 9.6 7.3
★★★ Aditya Birla SL Govt Securities Fund (G) . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 65.8 978 0.9 3.3 4.0 10.0 7.3
★★★ DSP G-Sec Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 76.2 436 1.1 3.1 3.7 10.5 7.4
★★★ ICICI Pru Gilt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 81.4 3273 1.2 4.5 5.2 9.9 7.2
★★★ Kotak Gilt - Invest Plan (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 78.6 1942 1.4 2.5 4.0 9.6 6.5
★★★ PGIM India Gilt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 24.6 140 1.5 2.9 3.3 8.4 6.3
★★ HDFC Gilt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 45.0 1556 0.9 2.4 3.2 7.8 5.4
★★ L&T Gilt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 54.9 258 1.7 0.8 1.6 7.9 5.4
★ Franklin India G-Sec Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 48.5 198 1.1 2.0 2.7 7.5 4.2
★ Tata Gilt Securities Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 63.1 202 1.7 1.1 1.6 7.6 5.5
- AXIS Gilt Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 20.4 148 1.0 2.5 3.2 10.1 6.6
- Baroda Gilt Fund - Plan A (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 34.2 29 1.9 2.0 2.7 7.9 5.6
- Canara Robeco Gilt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 61.4 102 1.3 1.7 2.3 7.9 6.0
- Edelweiss Govt Securities Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 19.8 117 1.3 4.1 5.2 10.5 7.9
- IDBI Gilt Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.5 27 1.2 2.2 2.6 6.8 4.1
- Invesco India Gilt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2281.1 23 1.3 0.7 1.1 7.2 5.1
- LIC MF G-Sec Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 49.0 72 1.5 1.6 2.3 8.7 6.4
HYBRID - CONSERVATIVE HYBRID FUNDS
★★★★★ Aditya Birla SL Regular Savings Fund (G) . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 50.3 1310 2.0 13.8 19.4 10.1 8.0
★★★★★ ICICI Pru Regular Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 55.4 3384 1.7 10.0 12.2 10.9 9.7
★★★★ Kotak Debt Hybrid Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 43.2 1160 1.9 14.2 18.8 13.7 9.7
★★★★ SBI Debt Hybrid Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 53.7 4369 1.1 14.4 18.4 12.6 8.7
★★★ BNP Paribas Conservative Hybrid Fund (G). . . . . . . . . . . . . . . .. . . . . . . . . . 35.0 459 2.5 7.1 9.5 8.5 7.3
★★★ Canara Robeco Conservative Hybrid Fund (G) . . . . . . . . . .. . . . . . . . . . 75.4 959 1.9 9.9 12.5 12.0 9.1
★★★ Franklin India Debt Hybrid Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 68.3 221 1.5 8.6 10.6 8.7 6.7
★★★ HDFC Hybrid Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 59.7 2676 1.8 13.9 18.1 10.9 8.1
★★★ UTI-Regular Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 52.2 1653 1.8 14.0 17.8 9.5 8.4
★★ AXIS Regular Saver Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 24.5 347 2.2 10.5 13.4 9.3 8.2
★★ IDFC Regular Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 26.1 180 2.1 6.6 9.0 8.3 6.9
★ DSP Regular Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 43.5 231 2.3 7.7 10.0 7.7 5.6
★ Nippon India Hybrid Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 43.9 734 1.9 9.7 11.6 1.5 3.2
- Baroda Conservative HF-Plan A (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 30.8 33 2.2 5.7 8.4 11.0 8.1
- BOI AXA Conservative Hybrid Fund (G) . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 23.1 49 2.3 8.6 10.4 4.1 4.6
- HSBC Regular Savings Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 46.4 86 2.3 8.4 11.2 9.9 7.4
- L&T Conservative Hybrid Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 43.4 38 2.3 9.1 11.4 9.3 7.2
- LIC MF Debt Hybrid Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 67.9 68 2.3 7.4 9.8 9.1 6.8
- Navi Regular Savings Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 22.2 31 2.4 6.3 7.7 6.5 5.8
- Sundaram Debt Oriented Hybrid Fund (G) . . . . . . . . . . . . . . . . . .. . . . . . . . . . 23.8 35 2.2 14.7 16.5 7.9 6.6
HYBRID - DYNAMIC ASSET ALLOCATION FUNDS
★★★★★ Edelweiss Balanced Advantage Fund (G) . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 36.2 6331 1.8 19.8 27.3 17.1 14.8
★★★★ ICICI Pru Balanced Advantage Fund (G) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 49.5 36816 1.7 16.2 21.1 13.6 12.1
★★★ Aditya Birla SL Balanced Advantage Fund (G) . . . . . . . . . . .. . . . . . . . . . 73.6 6124 1.9 14.7 21.0 13.1 11.0
★★★ Invesco India Dynamic Equity Fund (G) . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 37.5 693 2.4 15.5 18.5 11.3 11.1
★★★ L&T Balanced Advantage Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 31.3 2120 2.1 9.5 13.3 10.3 9.1
★★ UTI-Unit Linked Insurance Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 33.5 5385 1.6 15.7 21.3 10.5 9.7
★ Principal Balanced Advantage Fund (G) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 25.3 292 2.4 11.3 13.5 7.5 7.5
- AXIS Balanced Advantage Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 14.5 1789 2.3 16.6 21.0 11.3 -
- BOI AXA Balanced Advantage Fund (G) . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 16.7 61 2.3 8.8 10.8 4.3 4.8
- DSP Dynamic Asset Allocation Fund (G) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 20.0 4516 2.0 9.8 13.1 11.1 9.3
- HDFC Balanced Advantage Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 281.3 42776 1.6 29.7 41.3 14.6 12.7
- IDFC Balanced Advantage Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 18.4 2743 2.0 16.0 20.9 13.1 11.2
- Kotak Balanced Advantage Fund - Regular (G) . . . . . . . . .. . . . . . . . . . 14.5 11813 1.8 13.6 18.4 13.7 -
- Motilal Oswal Dynamic Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 15.7 1144 2.2 9.2 12.1 10.2 10.1
- Nippon India Balanced Advantage Fund (G) . . . . . . . . . . . . . . .. . . . . . . . 122.5 5130 2.1 16.9 23.5 12.6 12.4
- Tata Balanced Advantage Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 14.6 3849 2.0 17.2 22.6 - -
- Union Balanced Advantage Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 15.1 1552 2.2 10.2 14.6 14.4 -
SOLUTION ORIENTED - CHILDRENS FUNDS
- Aditya Birla SL Bal Bhavishya Yojna - Reg (G). . . . . . . . . . . .. . . . . . . . . . 14.2 514 2.6 15.9 25.4 - -
- AXIS Children's Gift Fund - Lock in (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 21.0 710 2.4 26.8 35.3 19.5 15.0
- HDFC Children's Gift Fund-Invt Plan (G) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 188.8 5331 1.9 28.9 36.5 18.3 15.8
- ICICI Pru Child Care Fund-Gift Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 196.1 859 2.4 23.9 33.0 13.4 12.4
- LIC MF Children's Gift Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 24.3 14 2.5 16.5 23.9 15.4 9.0
- SBI Magnum Children Benefit Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 75.9 84 1.2 17.0 25.4 11.4 11.6
- Tata Young Citizens Fund (After 7 Years) . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 42.5 277 2.6 34.8 45.8 20.8 14.2
- UTI-CCF Investment Plan - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 62.8 590 2.6 35.8 47.7 21.0 18.3
- UTI-CCF Savings Plan - (Scholarship). . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 30.5 4252 1.7 16.5 21.0 10.8 9.0
SOLUTION ORIENTED - RETIREMENT FUNDS
- Franklin India Pension Plan - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 161.1 461 2.3 10.7 13.2 10.0 8.1
- HDFC Retirement Savings Fund - Equity (G) . . . . . . . . . . . . . .. . . . . . . . . . 29.5 1973 2.3 45.0 56.9 22.2 18.3
- HDFC Retirement Savings Fund-Hybrid Debt (G) . . . . .. . . . . . . . . . 16.5 145 2.4 8.5 11.8 9.4 7.8
- HDFC Retirement Savings Fund-Hybrid Equity (G) . .. . . . . . . . . . 25.7 748 2.5 27.2 38.0 17.6 15.3
- Nippon India Retirement Fund-IG (G) . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 15.9 255 2.1 5.9 8.5 9.5 6.7
- Nippon India Retirement Fund-WC (G) . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 18.3 2378 2.0 35.6 47.5 13.0 13.0
- Tata Retirement Savings Fund - Conservative (G) . . .. . . . . . . . . . 25.1 189 2.2 8.0 10.9 9.8 8.6
- Tata Retirement Savings Fund - Moderate (G) . . . . . . . . . .. . . . . . . . . . 44.4 1608 2.1 22.3 30.8 16.2 15.6
- Tata Retirement Savings Fund - Progressive (G) . . . . . .. . . . . . . . . . 44.8 1223 2.2 25.6 35.2 18.1 17.7
- UTI-Retirement Benefit Pension Plan . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 34.6 3622 1.7 20.0 24.6 10.5 9.2
Source : NAV India;NAV for the growth option as on 18-11-2021.
- JM Income Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 51.2 25 1.3 1.7 2.1 1.9 2.6
- Tata Income Fund - (Growth) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 66.7 57 2.0 2.1 2.6 8.1 5.8
DEBT - LONG DURATION FUNDS
- ICICI Pru Long Term Bond Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 72.7 707 2.0 1.0 1.4 9.1 6.9
- Nippon India Nivesh Lakshya Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 14.1 1863 0.5 1.1 3.2 10.8 -
DEBT - DYNAMIC BOND FUNDS
★★★★★ ICICI Pru All Seasons Bond Fund - Regular (G) . . . . . . . . . .. . . . . . . . . . 29.0 6544 1.4 4.3 5.1 9.4 7.5
★★★★★ Kotak Dynamic Bond Fund - Regular (G). . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 30.2 2946 1.3 3.3 4.1 9.4 7.6
★★★★ IDFC Dynamic Bond Fund - Regular (G). . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 27.9 4064 1.6 1.7 2.5 9.3 7.0
★★★★ IIFL Dynamic Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.7 733 0.5 5.3 6.2 7.5 6.8
★★★★ SBI Dynamic Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 28.2 2791 1.7 1.7 2.1 8.9 6.8
★★★ AXIS Dynamic Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 23.9 2204 0.7 3.5 4.0 9.7 7.2
★★★ Canara Robeco Dynamic Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 24.3 127 1.8 1.0 1.6 6.9 5.4
★★★ DSP Strategic Bond Fund - Reg (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2694.7 709 1.2 2.3 2.9 9.2 6.4
★★★ Nippon India Dynamic Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 29.8 3863 0.7 2.5 3.1 8.2 5.9
★★★ PGIM India Dynamic Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2139.9 118 1.8 2.4 2.9 8.3 6.8
★★★ Tata Dynamic Bond Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 33.3 215 0.7 3.8 4.2 7.1 5.6
★★ BNP Paribas Flexi Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 36.7 117 1.9 1.1 1.7 6.7 5.3
★★ HDFC Dynamic Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 73.4 659 1.8 7.6 8.5 7.2 5.1
★★ Union Dynamic Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 19.4 120 1.5 2.2 2.8 8.4 5.5
★ Aditya Birla SL Dynamic Bond Fund - Reg (G) . . . . . . . . . . . .. . . . . . . . . . 35.8 1568 1.7 4.7 5.7 5.3 3.9
★ UTI-Dynamic Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 23.4 293 1.6 10.9 11.3 4.7 4.5
- Baroda Dynamic Bond Fund - Plan A (G) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 18.9 19 1.6 2.3 6.2 3.9 4.1
- Edelweiss Money Market Fund - Regular (G) . . . . . . . . . . . . .. . . . . . . . . . 23.2 338 1.0 2.5 2.9 8.1 6.0
- Franklin India Dynamic Accrual(G)(Wound up) . . . . . . . .. . . . . . . . . . 77.5 336 0.0 13.8 16.1 6.8 7.1
- HSBC Flexi Debt Fund - Reg (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 27.8 55 1.7 1.5 2.2 7.3 5.0
- IDBI Dynamic Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 18.0 37 1.2 4.9 6.0 7.4 4.8
- JM Dynamic Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 33.2 73 1.0 2.5 3.1 5.8 6.4
- L&T Flexi Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 23.9 63 1.6 1.1 1.9 7.9 6.0
- Mirae Asset Dynamic Bond Fund - Regular (G) . . . . . . . . . .. . . . . . . . . . 13.5 139 1.4 2.1 2.4 8.5 -
- Quantum Dynamic Bond Fund - Regular (G) . . . . . . . . . . . . . . .. . . . . . . . . . 16.8 87 0.7 3.1 3.8 8.3 -
DEBT - CORPORATE BOND FUNDS
★★★★★ Aditya Birla SL Corporate Bond Fund (G) . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 88.9 20980 0.5 3.8 4.6 8.9 7.8
★★★★ HDFC Corporate Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 25.9 28807 0.6 3.7 4.6 9.1 7.7
★★★★ Kotak Corporate Bond Fund-Regular (G). . . . . . . . . . . . . . . . . . . . .. . . . . 2998.9 10858 0.7 3.6 4.3 8.0 7.5
★★★ ICICI Pru Corporate Bond Fund - Regular (G). . . . . . . . . . . . .. . . . . . . . . . 23.5 20838 0.6 4.0 4.7 8.5 7.4
★★★ Nippon India Corporate Bond Fund - (G). . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 47.0 4030 0.6 4.3 5.0 7.6 7.1
★★★ Sundaram Corporate Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 32.2 1063 0.5 3.3 3.9 9.1 7.0
★★ Canara Robeco Corporate Bond Fund (G) . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.8 274 1.0 2.6 3.2 7.6 6.4
★★ IDFC Corporate Bond Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 15.6 20613 0.6 3.4 4.1 8.2 7.1
★ L&T Triple Ace Bond Fund - (Growth) . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 59.2 9502 0.6 3.5 4.1 10.2 7.0
- AXIS Corporate Debt Fund - Regular (G). . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 13.6 5589 0.9 3.3 4.0 7.5 -
- BNP Paribas Corporate Bond Fund - Regular (G) . . . . . .. . . . . . . . . . 25.6 23 1.0 2.3 3.0 4.9 5.0
- DSP Corporate Bond Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 13.0 2187 0.5 3.0 3.4 8.4 -
- Franklin India Corporate Debt Fund - (G) . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 79.5 831 0.8 3.5 4.2 8.0 7.5
- Invesco India Corporate Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2553.0 3818 0.7 3.1 3.7 8.6 5.8
- PGIM India Premier Bond Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 34.9 69 0.9 3.8 4.2 7.7 6.2
- SBI Corporate Bond Fund - Regular (G). . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 12.4 24913 0.8 2.7 3.4 - -
- Union Corporate Bond Fund - Regular (G) . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 12.4 434 0.9 2.7 3.4 6.4 -
- UTI-Corporate Bond Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 13.1 4764 0.6 3.1 3.7 9.0 -
DEBT - FLOATER FUNDS
★★★★★ HDFC Floating Rate Debt Fund (G). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 39.2 25466 0.5 3.9 4.9 7.6 7.2
★★★★ Aditya Birla SL Floating Rate Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 273.9 20161 0.4 3.4 4.0 7.3 7.1
★★★ ICICI Pru Floating Interest Fund-Regular (G) . . . . . . . . . . . . .. . . . . . . . 336.4 15014 1.3 4.0 5.3 7.6 7.1
★★ Nippon India Floating Rate Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 35.8 19899 0.6 3.5 4.3 8.4 7.2
★ Franklin India Floating Rate Fund - (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 32.2 408 1.0 3.3 3.9 5.9 6.0
- Kotak Floating Rate Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1200.9 9369 0.6 4.0 4.8 - -
- UTI-Floater Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1211.5 3161 0.9 3.0 3.5 6.5 -
DEBT - CREDIT RISK FUNDS
★★★★★ HDFC Credit Risk Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 19.2 8757 1.6 6.5 7.7 9.1 7.5
★★★★★ ICICI Pru Credit Risk Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 24.7 8304 1.6 5.9 6.8 8.8 7.8
★★★★ Kotak Credit Risk Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 24.3 1786 1.7 5.1 6.1 7.3 6.7
★★★★ SBI Credit Risk Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 35.6 3341 1.6 4.6 5.5 7.4 6.8
★★★ Aditya Birla SL Credit Risk Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 16.0 1441 1.9 5.9 7.5 6.2 6.3
★★★ Baroda Credit Risk Fund-PlanA (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.4 205 2.2 18.8 19.9 7.9 7.4
★★★ L&T Credit Risk Fund - Regular (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 23.4 182 1.7 5.4 5.9 4.6 5.1
★★★ Nippon India Credit Risk Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 27.3 1012 1.7 12.8 14.1 3.1 4.2
★★ DSP Credit Risk Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 30.8 248 1.7 2.7 3.1 2.8 3.1
★★ Invesco India Credit Risk Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1480.2 133 1.5 2.6 3.0 2.4 3.4
★ UTI-Credit Risk Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 13.7 576 1.6 21.0 21.8 -5.6 -1.2
- AXIS Credit Risk Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 17.0 741 1.7 5.5 6.4 6.5 6.1
- BOI AXA Credit Risk Fund - Regular . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . 4.3 74 1.5 9.1 9.6 -30.3 -18.3
- Franklin India Credit Risk Fund (G) (Wound up) . . . . . . .. . . . . . . . . . 22.5 655 0.4 12.9 16.5 6.2 6.7
- IDBI Credit Risk Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 15.1 40 1.4 15.7 16.8 2.4 3.3
- IDFC Credit Risk Fund - Reg (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 13.5 832 1.6 3.7 4.7 7.2 -
- Mahindra Manulife Dynamic Bond Yojana-Reg (G) . .. . . . . . . . . . 11.9 103 1.6 2.5 2.9 5.6 -
- PGIM India Credit Risk Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 15.5 44 1.8 8.4 10.0 3.4 4.3
- Sundaram Short Term Credit Risk Fund - (G) . . . . . . . . . . . . .. . . . . . . . . . 25.7 116 1.7 - - - -
DEBT - BANKING AND PSU FUNDS
★★★★★ Kotak Banking and PSU Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 52.2 9334 0.8 3.6 4.5 8.8 7.6
★★★★★ Nippon India Banking & PSU Debt Fund (G) . . . . . . . . . . . . . . . .. . . . . . . . . . 16.7 6659 0.8 3.6 4.2 8.9 7.4
★★★★ AXIS Banking & PSU Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2113.6 16526 0.6 3.1 3.6 8.3 7.7
★★★★ HDFC Banking and PSU Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 18.5 9470 0.8 3.4 4.3 8.6 7.2
★★★ DSP Banking & Psu Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 19.2 3206 0.6 2.8 3.4 8.4 7.1
★★★ Edelweiss Banking & Psu Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 19.8 446 0.6 4.0 4.7 10.4 8.4
★★★ Franklin India Banking & PSU Debt Fund (G) . . . . . . . . . . . . . .. . . . . . . . . . 18.0 834 0.5 3.3 3.9 8.5 7.3
★★★ ICICI Pru Banking & PSU Debt Fund - Regular (G) . . . .. . . . . . . . . . 26.0 13926 0.8 4.2 5.0 8.2 7.0
★★★ IDFC Banking & PSU Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 19.8 18845 0.6 3.1 3.7 9.1 7.7
★★ L&T Banking and PSU Debt Fund (G) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 20.0 4586 0.6 2.8 3.5 7.9 6.9
★ Invesco India Banking & PSU Debt Fund (G) . . . . . . . . . . . . . . .. . . . . 1864.1 286 0.7 3.1 3.7 7.8 6.9
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CMYK
MUMBAI
BusinessLine 11SUNDAY • NOVEMBER 21 • 2021 STAR TRACK MF RATINGS
................BM-BME
QUICKLY
transformation deals and continuing inorganic growth withstrategic acquisitions and mergers.
Wipro said its top 10 customers grew at 33 per cent yearonyear ahead of the company’sgrowth. “We added four more$100 million accounts, and $50
growth was made possible byprioritising key markets andstepping up investments. “Fourout of seven sectors in Americasgrew its compounded quarterlygrowth rate by 5 per cent acrossthe last four quarters. Four outof eight European countriessuch as Germany, Switzerlandand Benelux are growing signifi�cantly faster over the past fourquarters and, that too, organically,” he added. The companyCEO said that APAC, MiddleEastand Africa which were degrowing markets for Wipro in thepast, have started showing positive growth again.
Top clients grew at 33%Delaporte said the spurt ingrowth over the last year wasmade possible by focussing onrelationships with strategic clients, proactively winning larger
VENKATESHA BABU ..........................................
Bengaluru, November 20
Wipro, a leading technologyand services consulting company, said its growth strategywould focus on winning largedeals by expanding the marketshare of its $200 and $300million accounts.
Addressing the annual investors day virtually, the company’s CEO & MD ThierryDelaporte, outlined his vision of‘New Wipro’ which would outpace market growth by beingever more connected, agile, proactive and problemsolving forits clients.
Pointing out that Wipro’s annual revenue rate had surpassed$10 billion, Delaporte said, ofthat run rate, $2.4 billion was added in just the last 12 months.
Delaporte said that the recent
million accounts have gonefrom 39 to 54. Also, 80 per centof$30 million plus deals were instrategic accounts. This is signifi�cant and sustainable growth.”
Strategic tie-upsWipro has strategic tieups withhyperscalers like AWS (AmazonWeb Service), Microsoft, Google,Salesforce, SAP, ServiceNow,Delaporte with which the company was coinvesting, coinnovating and cocreating in areaslike Cloud, AI, ML, industryspecifi�c digital solutions and cloudnative architecture.
He said the total contractvalue of large deals had grownby 80 per cent in the last year. Onthe M&A deals, the companysaid the focus would be oncloud, cybersecurity, engineering in priority sectors and specifi�c geographies.
Delaporte’s ‘New Wipro’ visionto focus on winning big deals Prioritising markets, stepping up investments behind IT major’s spurt in growth
Thierry Delaporte,
CEO & MD, Wipro
ation titled “WTO response tothe Covid19 pandemic” as“scandalous”. The signatoriesto the letter include CSOsfrom across continents, including Third World Network, Amnesty International,European Attac Network, Canadian Centre for Policy Alternatives, Africa Development Interchange Network,Noor Pakistan et al.
‘Constrains regulatory space’“Ambassador Walker unilaterally tabled a proposed textwhich is clearly not designedto resolve the pandemic.Rather, the draft text promotes the same liberalisationdemands made by developedcountries in various fora andinterventions that will further constrain regulatoryspace and policy tools available to WTO members, while
AMITI SEN..........................................
New Delhi, November 20
Ahead of the WTO’s Ministerial Conference (MC12), Ambassador Walker of New Zealand seems to have kicked up astorm with over 75 global civilsociety organisations (CSOs)bombarding the WTO Director General Ngozi OkonjoIweala with complaints abouthim peddling the rich countries’ agenda to cornergreater market access andsidelining IndiaSouth Africaeff�orts towards temporarywaiver of intellectual property on Covid19 vaccines andmedical products.
The CSOs, in a letter toIweala on November 19, havetermed General CouncilChair Dacio’s decision to appoint Ambassador Walker tochair a discussion on a declar
entrenching corporate infl�uence in the institution,drastically undermining thememberdriven character ofWTO...,” the letter pointedout.
‘Deplorable attempt’The CSOs say the “Walker process” is an attempt to coverup the WTO’s “vaccineapartheid and inequitable access” at the Ministerial Con
ference (MC12) from November 30 to December 3 inGeneva. “The Walker processis a deplorable attempt by theWTO to cover up what shouldbe a grave humiliation: its inability to agree to remove keyobstacles to resolving theCOVID19 pandemic by waiving intellectual property barriers as per the TRIPS waiverproposal,” said the CSOs intheir letter.
Stressing the need for theforthcoming MC12 to be moreequitable, the CSOs called fora halt to all ‘Green Room’.Sources said India has also criticised the Walker Text on thegrounds that it talks about reduction of tariff�s on goodsand removal of export restrictions under the garb of ensuring easier fl�ow of essentialgoods to handle the pandemic better.
Global civil society against WTO pushing‘Walker text’, sidelining TRIPS waiverComplains to WTO chief about Walker text peddling rich countries’ agenda
WTO Director General
Ngozi Okonjo Iweala
BusinessLineDisclaimer: Readers are requested to verify& make appropriate enquiries to satisfythemselves about the veracity of anadvertisement before responding to anypublished in this newspaper. THGPUBLISHING PVT LTD., the Publisher &Owner of this newspaper, does not vouchfor the authenticity of any advertisementor advertiser or for any of the advertiser’sproducts and/or services. In no event canthe Owner, Publisher, Printer, Editor,Director/s, Employees of thisnewspaper/company be heldresponsible/liable in any mannerwhatsoever for any claims and/or damagesfor advertisements in this newspaper.
CMYK
MUMBAI
BusinessLine12 SUNDAY • NOVEMBER 21 • 2021NEWS
MONIKA YADAV..........................................
New Delhi, November 20
As India inches close to a possible approval of oral antiviraldrugs like Merck’s molnupiravir to treat Covid19,health experts want the Government to proceed with caution on its supply and pricing.
Flagging the concern of drugresistance, if there is unfettereduse, experts suggest a morecontrolled distribution andstockpiling of these drugs byGovernment authorities.
Two oral antiviral drugs totreat Covid — molnupiravirfrom Merck and paxlovid fromPfi�zer — are in various stages ofregulatory approval across theworld. And while the UK’s regulator gave molnupiravir a goahead earlier this month, theEuropean regulator, on Friday,
gave favourable advice on thedrug, allowing member countries to procure it, at a timewhen the region is seeing asurge in cases.
Both the drugs are to be reviewed by the US Food andDrug Administration (FDA),while molnupiravir ispresently being evaluated bythe Drug Controller General ofIndia (DGCI), as well.
“Aff�ordability is not a big issue for people living in a placelike Gurugram and those whocan claim insurance and medical reimbursement. The issuewill be for those who consultgovernment hospitals andcommunity health centres fortreatment,” Virender Yadav,Chief Medical Offi�cer of Gurugram told BusinessLine. Yadavalso suggested that the drugsbe supplied in a controlled
manner by authorised distributors. Another antiviral, remdesivir, had seen a surge inprices and was scarce duringthe second wave, before theGovernment streamlinedthings.
Praveen Gupta, Director(Neurology), Fortis MemorialResearch pointed out that sincethese drugs were to be given inthe early phase of infection andeveryone may not be willing tospend that much money.
However, Vikramjeet Singh,
Senior Consultant, InternalMedicine, Aakash HealthcareSuper Speciality Hospital, saidthese drugs will be supplied inlow and middleincome countries through arrangementsthat would bring down thecost.
Antiviral drugs needed?Viswesvaran Balasubramanian,Consultant Interventional Pulmonology and Sleep Medicine,Yashoda Hospitals, Hyderabad,said molnupiravir was the fi�rstoral antiviral that has shown tobe highly eff�ective when givento highrisk nonpregnantpatients.
“These drugs are a very verypromising cure for Covid treatment. So obviously these drugsare needed,” said VikramjeetSingh, of Aakash Healthcare,added.
‘Govt must exercise caution on oral anti-virals’Health experts flag concerns over limited supply, pricing and drug resistance
OUR BUREAU..........................................
New Delhi, November 20
The Samyukt Kisan Morcha(SKM), the umbrella organisation of various farmers’ outfi�ts, has decided to continueprotests until there is legalsanctity to Prime MinisterNarendra Modi’s announcement on Friday that the threefarm laws will be repealed.
The general body of theSKM, scheduled on Sunday,will take a fi�nal decision onthe next course of action.
Protests to continue
Meanwhile, the BJP saw different voices over the issue asPilibhit MP and young leaderof the party Varun Gandhisent a letter to Modi askinghim to ensure compensationto farmers who died duringthe protests.
The SKM said all announcedplans are underway and appealed farmers to join in largenumbers in the LucknowKisan Mahapanchayat onNovember 22 and at Delhi’sborders on November 26. OnNovember 28, Kisan MazdoorMahapanchayat will be heldin Mumbai. The SKM reminded the Centre about the“pending demands” such aslegallyguaranteed remunerative MSP.
Compensation soughtThe SKM said more than 670protestors have sacrifi�cedtheir lives in the movement.“The Modi Government hasrefused to acknowledge thehigh human cost that was imposed on the protestors dueto its adamant and egoisticbehaviour. These martyrs’
families have to be supportedwith compensation and employment opportunities,” itsaid.
The demand found supportfrom the BJP leader and Pilibhit MP Varun Gandhi, too. Hesent a letter to Modi on Saturday, demanding a compensation of ₹�1 crore to thefamilies of about 700 farmerswho died during the protests.
Farmer protests to continue, reminderto PM of ‘pending’ demands: SKM
A blockchain-drivenride-hailing platform Bengaluru, November 20
DRIFE, a decentralised
ride-hailing platform built on
blockchain technology, has
launched its ride-hailing service
in Bengaluru. Three months
after the launch of their native
$DRF token, DRIFE has
announced the pilot launch in
Bengaluru. The company said
there would be no surge prices,
no commission fees taken from
the drivers, and a true
marketplace where the fare is
dictated by the community of
Riders & Drivers. Firdosh Sheikh,
CEO and Co-founder of DRIFE,
said that DRIFE is built to end low
wages and high demand for
drivers. OUR BUREAU
Published by N. Ravi at Kasturi Buildings, 859 & 860, Anna Salai, Chennai-600002 and Printed by N. Vaidyanathan at Dangat Media Pvt Ltd, No. 22, Dighe MIDC, Vishnu Nagar, TTC Industrial Area, Dighe, Navi Mumbai-400701 on behalf of THG PUBLISHING PVT LTD., Chennai-600002. Group Editorial Officer: Krishna Prasad. Editor: Raghuvir Srinivasan (Editor responsible for selection of news under the PRB Act). ISSN 0971 - 7528