Factsheet as on July 31, 2020
 

Factsheet as on July 31, 2020

Glossaries

 Benchmark:

A ratio of portfolio returns above the returns of a benchmark (usually an index) to the volatility of those returns. The information ratio measures a portfolio manager's ability to generate excess returns relative to a benchmark, but also attempts to identify the consistency of the investor. This ratio will identify if a manager has beaten the benchmark by a lot in a few months or a little every month. The higher the IR the more consistent a manager is and consistency is an ideal trait. The Information Ratio for various categories is calculated using the following Indices : -

CategoryIndex
Large Cap Nifty 50
Mid Cap Nifty Free Float Midcap 100
Small cap S&P BSE SMALL CAP
Opportunistic S&P BSE 200
Aggressive Hybrid NIFTY 50 Hybrid Composite Debt 65:35 Index

 Standard Deviation:

A measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance.

 Sharpe Ratio:

The Sharpe Ratio is a measure for calculating risk-adjusted return. It is the average return earned in excess of the risk-free rate per unit of volatility or total risk. For Risk Free Rate we consider the 3 year average yield of 10 year Generic Gsec from Bloomberg.

 Beta:

BetaBeta, also known as the "beta coefficient," is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. A beta of 1.0 indicates that the investment's price will move in lock-step with the market. A beta of less than 1.0 indicates that the investment will be less volatile than the market, and, correspondingly, a beta of more than 1.0 indicates that the investment's price will be more volatile than the market. For example, if a fund portfolio's beta is 1.2, it's theoretically 20% more volatile than the market.

 CYTD 2020:

Performance period is 31/12/2019 to 31/7/2020

 Contribution to NAV (Top 10 Sectors):

The sectors that have contributed the most to the Scheme's NAV movement for the current Calendar Year i.e. 31/12/2019 to 31/7/2020

 Contribution to NAV (Top 10 Sectors):

This is an approximate data.

 Market Cap Allocation:

Market Cap SEBI Definition
Small Cap 251st company onwards in terms of full market capitalization
Mid Cap 101st – 250th company in terms of full market capitalization
Large Cap 1st – 100th company in terms of full market capitalization


Source: Investopedia, Wikipedia and MFI Explorer

 Equity MF SEBI Categories:

SEBI Equity MF Categories Definition Consolidated Equity MF Categorization
Large Cap min 80% in large caps Large Cap
Index Funds Min 95% in securities of a particular index (which is being replicated/ tracked)
ETFs (other than gold) Min 95% in securities of a particular index (which is being replicated/ tracked)
Large & Mid Cap min 35% in large caps, min 35% in mid caps Large & Mid Cap
Mid Cap min 65% in mid caps Mid & Small Cap (Mid Cap/Small Cap)
Small Cap min 65% in small caps
Multi Cap min 65% in equity Multi Cap (Multi Cap/ Value/ Focused/ Dividend Yield/ Contra)
Dividend Yield min 65% in Div Yield cos
Value min 65% in Value strategy cos
Contra min 65% in Contra strategy cos
Focused Fund max 30 stocks, min 65% equity
Sectoral / Thematic min 80% in that sector / theme  Sectoral / Thematic
ELSS min 80% in equity ELSS


 Hybrid MF SEBI Categories:

Equity Savings Minimum 65% in equity and minimum 10% in debt. Equity Savings
Minimum hedged & unhedged to be stated in the SID
Dynamic Asset Allocation or Balanced Advantage Investment in equity/ debt that is managed dynamically Balanced Advantage  (Balanced Advantage OR Dynamic Asset Allocation)
Aggressive Hybrid Fund 65-80% in equity: 20-35% in debt Aggressive Hybrid


 Debt MF SEBI Categories:

SEBI Debt MF Categories Definition Consolidated Debt MF Categorization
Overnight Fund Securities having maturity of 1 day Liquid (Overnight, Liquid)
Liquid Fund Securities with maturity of upto 91 days only
Money Market Fund Money Market instruments having maturity upto 1 year Money, Ultra & Low Duration (3 -12M) (Ultra Short Duration/Low Duration/ Money Market/Floater)
Floater Fund Minimum 65% in floating rate instruments
Ultra Short Duration Fund Macaulay duration of the portfolio is between 3 months-6 months
Low Duration Fund Macaulay duration of the portfolio is between 6 months-12 months
Short Duration Fund Macaulay duration of the portfolio is between 1 year-3 years Short  Term (1-3 Yrs) (Corporate Bond/ Banking & PSU/Short Duration)
Corporate Bond Fund Minimum 80% in AA+ or above rated bonds
Banking and PSU Fund Minimum 80% in PSU, PFI bonds
Medium Duration Fund Macaulay duration of the portfolio is between 3 year - 4 years (1-4 years*) Medium & Credit Risk (Medium Duration/Credit Risk)
Credit Risk Fund Minimum 65% in AA or lower rated bonds
Dynamic Bond Investment across duration Dynamic Debt (Medium to Long Duration/ Dynamic Bond/Gilt)
Gilt Fund Minimum 80% in G-Secs
Medium to Long Duration Fund Macaulay duration of the portfolio is between 4 years - 7 years (1-7 years*)
Long Duration Fund Macaulay duration of the portfolio is greater than 7 years Long Duration (7 Yrs+)
Gilt Fund with 10 year constant duration G-Secs having a constant maturity of 10 years

*in case of adverse market conditions









Source: Investopedia, Wikipedia and MFI Explorer