Ashika Monthly Insight August 2016

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AUGUST 2016 MUTUAL FUND OVERVIEW BALANCE FUND Scheme NAV AUM (Rs. Cr) 3M 6M 1Yr 3Yr 5Yr Since Inception Sharpe Ratio Benchmark Exp. Ratio ICICI Pru - Balanced 26.61 10128 12.14 1.45 3.99 15.61 14.05 10.79 0.58 Crisil Balanced 2.35 Advantage Fund Reg (G) Fund Aggressive HDFC - Prudence Fund (G) 366.95 6992 15.97 -1.87 -0.83 16.39 11.94 18.89 0.36 Crisil Balanced 2.28 Fund Aggressive SBI - M Balanced Fund Reg (G) 96.91 3491 9.94 1.4 1.53 18.76 14.81 16.39 0.84 Crisil Balanced 2.47 Fund Aggressive Birla SL - Balanced 95 576.12 2254 13.67 3.61 3.96 18.37 13.58 21.41 0.65 Crisil Balanced 2.5 Fund Reg (G) Fund Aggressive Tata - Retirement Savings 20.42 40 12.74 1.47 -1.34 20.06 0 16.64 0.75 Crisil Balanced 3.06 Fund Moderate (G) Fund Aggressive THEMATIC FUNDS Scheme NAV AUM (Rs. Cr) 3M 6M 1Yr 3Yr 5Yr Since Inception Sharpe Ratio Benchmark Exp. Ratio UTI - Transportation & Logistics (G) 84.8 564 13.32 -3.9 -2.48 38.1 26.24 20.83 1.2 UTI Transportation 2.74 & Logistics Index Franklin - Build India Fund (G) 28.86 475 18.96 0.39 -0.18 29.64 20.74 16.65 0.81 Nifty 500 2.81 ICICI Pru - Tech Plan Reg (G) 41.5 380 8.07 1.79 2.75 28.98 17.97 9.09 0.73 S&P BSE IT 2.8 Birla SL - Infrastructure Fund Reg (G) 24.61 539 16.36 -3.07 -5.67 18.85 9.75 9.24 0.37 Nifty 50 2.5 ICICI Pru - Banking &Financial Services Fund Reg (G) 36.62 748 25.8 3.95 -0.03 17.75 16.08 18.2 0.3 S&P BSE Bankex 2.52 SBI - FMCG Regular (G) 78.11 206 14.79 2.64 10.36 12.86 0 13.73 0.39 S&P BSE FMCG 2.82 ELSS Scheme NAV AUM (Rs. Cr) 3M 6M 1Yr 3Yr 5Yr Since Inception Sharpe Ratio Benchmark Exp. Ratio Axis - Long Term Equity (G) 30.73 8888 5.53 1.69 -0.36 28.4 19.51 18.75 1.33 S&P BSE 200 #N/A Birla SL - Tax Relief 96 Fund ELSS Reg (G) 22.02 2188 6.53 2.37 2.9 26.08 15.27 9.96 1.12 S&P BSE 200 2.44 Franklin - India Taxshield (G) 433.7 2146 5.77 4.21 1.9 24.05 15.64 24.68 1.08 Nifty 500 2.46 ICICI Pru - Long Term Equity Fund Reg (G) 276.88 3086 8.05 2.02 4.72 25.18 14.71 21.76 0.98 Nifty 500 2.32 HDFC - LongTerm Advantage Fund (G) 241.05 1148 6.62 5.37 1.45 19.87 11.91 22.8 0.76 S&P BSE Sensex 2.52 Motilal Oswal - MOSt Focused Long Term Fund Reg (G) 11.44 145 8.58 3.47 3.67 0 0 9.86 -1.5 Nifty 500 3.28 52
STRONG ON CONSUMPTION Key takeaways from July 2016: • • • • • • IIP surprised positively at 1.2% in May while it shrunk by 1.3% in the previous month. CPI inflation accelerated marginally to 5.77% in June from 5.76% a month ago. WPI rose to 1.62% in June from 0.79% in May. IMF slashed India’s 2016-17 growth forecast by 10 basis points (bps) to 7.4 per cent from an earlier forecast of 7.5 per cent. Cabinet approved the 7th Pay Commission’s proposal to raise salaries and pensions for central government employees In a bid to boost credit growth in the economy, the Centre announced a sum of Rs.22,915 crore for recapitalisation of 13 public sector banks Classical theory of Technical Analysis Indian equity market though started the month on a dull note but rallied at the latter half of the month and ended with a handsome gain of 4.57%. Volume in the market too witnessed incremental addition. The broader market represented by Mid-cap and Small-Cap Index witnessed sharp rebound absorbing global turmoil which indicates of strong investors ‘appetite. Hence strong outperformance of the broader market represents of a larger market participation and inherent strength in the market. On the technical front Nifty had been maintaining its higher high formation in both daily and weekly time frame. Small consecutive bars at every intervals indicates that upward momentum in the market is slowing down and indicates possibility of further price consolidation in sessions to come, however medium term trend remains unequivocally upward. Nifty is now struggling to breach past its previous swing high of 8654 scaled on July 2015. Inability to breach past the said resistance level would again drive profit booking activity in the market and might lead to a decisive correction. To further add Nifty since March 2016 onward had been on a rising spree laying its foundation on the upward rising trendline. The elevated trendline now lays support around 8250. Hence it can be concluded that downside in the market seems limited and broader range for the forthcoming month lies amid 8200- 8900. Another interesting observation that need to be adhered to is the bullish ‘Inverted Head & shoulder’ formation in daily chart since September 2015 and the July high of 8654 if acknowledged as the neckline of the assumed pattern then one should brace himself for a mammoth rally surpassing the previous all time high of 9119. Multiple price structure can be seen in Nifty as the rally since Mar 2016 onward had been within the rising channel formation. The said pattern is heading higher to complete its fourth leg. The upper panel of the channel line is likely to initiate resistance around 8800-8820. Hence based on the present observation it can be concluded that if the pattern materializes the upside seems limited till 8800- 8850 and then onward intermediate correction can crutch in though downside seem limited since lower panel of the elevated channel comes around 8250. The said pattern to concludes that Nifty might remain rangebound amidst the broader range of 8250-8750. 53
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August, 2016 Market Overview Monthl
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Page 31 and 32: STRONG ON CONSUMPTION Cloud service
Page 33 and 34: STRONG ON CONSUMPTION Infosys 24.3
Page 35 and 36: STRONG ON CONSUMPTION NNPAs of SCBs
Page 37 and 38: STRONG ON CONSUMPTION Asset quality
Page 39 and 40: STRONG ON CONSUMPTION Macroeconomic
Page 41 and 42: STRONG ON CONSUMPTION ECONOMY CHART
Page 43 and 44: STRONG ON CONSUMPTION 16 India's AA
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Page 53: STRONG ON CONSUMPTION Ashika Genera
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Page 65 and 66: STRONG ON CONSUMPTION AUGUST 2016 1
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Ashika Monthly Insight August 2016

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