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Fundcard
Risk Grade
Average
Return Grade
Above Average
NAV
Net Assets*
* Quarterly Average
The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice
or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this
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Fund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Card
should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment decision or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.
The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers
of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatsoever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,
opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,
statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in this
Fund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.
Fund
S&P CNX Nifty
(Rebased to 10,000)
History
NAV (Rs)
Total Return (%)
+/- S&P CNX Nifty
+/- BSE 200
Rank (Fund/Category)
52 Week High (Rs)
52 Week Low (Rs)
Net Assets (Rs.Cr)
Expense Ratio (%)
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
17.23
26.13
51.52
27.52
16.84
11.83
169.79
54.46
180.46
94.46
212.17
24.20
10/27
51.52
32.99
623.82
0.32
2.65
41/69
226.59
168.05
10537.06
1.13
0.60
6/35
40.40
16.61
630.99
18.70
5.95
10/61
180.46
78.47
5909.76
225.66
25.05
7.10
8.83
4/65
236.07
168.44
9489.24
170.83
-24.30
1/26
67.48
79.98
55.25
18.91
21.45
3/31
79.98
109.92
22.88
10.66
40.40
134.47
62.57
39.99
20/70
212.17
171.30
11189.82
2.50
2.25
1.89
1.80
1.78
1.77
47.07
875.57
37.44
-2.39
-2.14
19/41
111.21
73.82
1736.55
-0.31
-5.98
26/48
169.79
97.94
2586.77
92.80
-45.35
6.44
11.11
5/59
173.74
81.60
1949.27
2.21
2.13
1.93
1.87
Top Holdings
Company
Sector
P/E
Financial
Financial
FMCG
Technology
Diversified
Automobile
Financial
Technology
FMCG
Energy
Financial
Services
Energy
Energy
Energy
Financial
Metals
Diversified
Healthcare
Engineering
Energy
Communication
Financial
Metals
Others
10.30
17.00
31.30
17.60
20.40
26.00
22.10
33.00
14.30
6.00
28.70
9.00
8.10
28.50
27.30
6.60
22.10
23.80
14.50
17.70
14.70
49.50
% Assets
36.62
55.60
29.98
-6.16
59.20
80.44
46.41
12.23
29.86
22.66
17.92
51.08
14.17
0.03
23.62
19.97
22.00
59.16
30.48
-6.65
-27.45
-18.61
20.89
16.29
7.75
6.70
6.55
5.99
4.19
3.92
3.38
2.99
2.65
2.61
2.48
2.39
2.37
2.16
1.91
1.90
1.83
1.70
1.61
1.56
1.38
1.34
1.31
1.21
19.21
FUND STYLE
Investment Style
Portfolio Characteristics
33
Capitalisation
68308
3.89
17.00
-
Total Stocks
Avg Mkt Cap (Rs.Cr)
Portfolio P/B Ratio
Portfolio P/E Ratio
3Y Earnings Growth (%)
YTD
2012
2011
2010
2009
2008
Q1
Q2
Q3
17.88
-4.62
1.81
-0.27
-22.53
-0.90
-1.41
5.92
55.33
-12.25
Q4
Year
-8.92
0.40
5.06
-21.86
-24.30
25.05
94.46
-45.35
S&P CNX
Nifty
SIP
Return
-11.61
15.50
19.48
2.89
Rank
Fund/Cat
Year-to-Date
20/70
23.07
24.20 22.42
3-Month
9.40
8.28
57/71
10.19
6-Month
56/70
6.08
4.02
5.81
1-Year
8.95
36/70
8.98
10.87
2-Year
-2.68
-2.49
32/67
-3.11
3-Year
18/65
5.90
8.24
4.56
5-Year
3.96
9.35
3.30
4/47
7-Year
17.51 12.70
1/31
12.03
10-Year
30.12 24.04
2/17
19.34
Return less than 1-year are absolute and over 1 year are annualised
Risk Analysis
Fund
Nifty
24.66
14.44
9.20
8.98
5.89
27.56
18.13
12.03
13.09
5.99
4.49
7.90
4.60
4.41
3.92
3.04
2.39
1.56
-41.60
-14.57
-7.50
-8.08
-1.38
8.21
11.51
22.01
1.37
Volatility Measurements
Standard Deviation
Sharpe Ratio
Beta
R-Squared
Alpha
18.87
0.17
0.90
0.94
2.45
Composition (%)
Equity
Debt
Cash
99.04
0.00
0.96
Returns as on September 21, 2012, Portfolio related data as on August 31, 2012
Value Research
w w w. v a l u e r e s e a r c h o n l i n e . c o m
Best
Performance
YEAR
154.57%
QUARTER
88.14%
MONTH
33.09%
Worst Performance
YEAR
-48.09%
QUARTER
-42.90%
When most of the funds find it difficult to handle rising asset size and see
a dip in performance, HDFC Top 200 shows no signs of tiring. This year,
in the first quarter when the category on an average lost 6.01 per cent,
the fund limited its fall to 4.62 per cent. Till August 31, 2011, the fund had
limited its YTD loss to more or less the category average.
With Rs 10,692 crore (September 30, 2011) of assets under management,
it is not only the biggest equity fund in India but is also the second best
performer in its category over the 10-year period ended September 30,
2011.
Continuity at helm and skilled management has helped the fund build a
competitive track record over the long-term. Jain has been managing the
fund since 2002. Although the funds performance in 2007 got investors
worried, he silenced critics with a 94.46 per cent return in 2009. In the
subsequent year it was the fourth best performer in its category with a
return of 25.05 per cent.
The funds investment universe comprises of any company that is a part
of the BSE 200 or qualifies to be a part of that index, including initial public
offerings. The fund targets around 60 per cent of the portfolio in the BSE
200 stocks. As per its June 2011 portfolio, the fund was holding close to
92 per cent of its assets in BSE 200 stocks. Having said that, the portfolio
of the fund is actively managed and the fund can be underweight or over
weight on any stock compared to its benchmark.
This fund has protected investors wealth during market meltdowns. In
2008, the funds loss of 45.35 per cent was around 11 per cent less than
the BSE 200 and around 8 per cent lower than the category average. And
whats noteworthy is that Jain did it without resorting to aggressive cash
calls. The cash and debt exposure of the fund averaged around 3.23 per
cent in 2008. The increased exposure to less hit sectors like FMCG and
Healthcare came to the aid of the fund.
As the fund has grown in size, concentration of the top three sectors has
increased from around 41.61 per cent (August 2008) to 51 per cent at
present. However, the number of stocks is pretty significant at 64 and the
concentration of the top five has dipped to around 28 per cent over the
past year; in the past it was known to cross 40 per cent at times.
A quality portfolio and a manager who sticks to his conviction, irrespective
of whoever else is playing the momentum game, is a mark of this fund.
Investors may fret occasionally but Jain has a knack of rewarding investors
who stick with the fund.
Portfolio Manager
Prashant Jain
Since Jan 2002
Rakesh Vyas
Since May 2012
MONTH
-30.45%
NAV
Investment Information
AMC
Website
Registrar
Launch
Benchmark
Plans (NAV)
Value Research
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Fund Rating The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the previous three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
Risk Grade A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
Returns Grade A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.
History
Data on the funds performance
since its launch.
z NAV (Year End) The last
NAV of each year.
z Total Return The percentage returns that an investor
would have got over the
year.
z +/- In the given year, a
comparison of the funds
returns with that of two stock
market indices
z Rank The funds performance rank within its category
for the year and the total
number of funds out of
which it has been ranked.
z 52-Week NAV Range The
highest and the lowest NAV
that the fund recorded during that year
z Net Assets The total
amount of investors assets
that the fund was managing
at the end of the year.
z Expense Ratio The percentage of the average daily
assets that the fund charged
as its management expenses during the year.
Top Holdings
Rating:
Risk: Low
Return: Above Average
Fund
S&P CNX Nifty
(Rebased to 10,000)
50000
30000
10000
History
2001
2002
NAV (Rs)
10.33
19.71
23.94
33.94
50.13
81.34
41.89
1998
90.80
21.46
41.77
47.70
62.26
-48.50
1999
2000
2003
2004
18.90
2005
10.78
2006
5.43
7.87
2007
7.49
2008
3.29
-3.67
5.77
7.97
8.12
1.82
7.96
Rank (Fund/Category)
54/70
50/79
65/101
27/145
71/162
34/192
10.33
19.71
23.94
33.94
50.76
81.46
83.52
8.84
9.91
16.36
22.34
32.26
46.06
36.49
51.40
15.15
9.11
140.54
124.74
374.84
343.03
2.49
2.50
2.50
2.50
2.50
2.35
2.31
Top Holdings
Company
Sector
Bharti Airtel
Reliance Industries
ONGC
HDFC Bank
HDFC
Satyam Computer Services
ITC
Axis Bank
Infosys Technologies
United Spirits
ICICI Bank
Dr. Reddy's Lab
State Bank of India
Crompton Greaves
Indian Oil
Cipla
Sterlite Industries
Reliance Communications
Jindal Steel & Power
Larsen & Toubro
Zee Entertainment
CESC
Tata Consultancy Services
ING Vysya Bank
Nestle India
Communication
Energy
Energy
Financial
Financial
Technology
FMCG
Financial
Technology
FMCG
Financial
Health Care
Financial
Engineering
Energy
Health Care
Metals
Communication
Metals
Diversified
Services
Energy
Technology
Financial
FMCG
Portfolio Characteristics
Total Stocks
P/E
2008 Ret
% Assets
18.56
11.50
8.31
20.67
17.10
7.86
21.00
10.42
14.29
23.26
9.49
13.61
9.39
12.29
-22.87
11.81
22.87
7.07
17.65
16.01
6.21
12.79
8.89
26.11
-28.10
-57.30
-46.00
-42.26
-48.21
-62.12
-18.47
-47.82
-36.79
-55.48
-63.62
-36.12
-45.67
-65.84
-46.33
-12.09
-74.80
-69.56
-70.31
-62.88
-57.45
-62.11
-55.87
-50.78
-3.14
6.49
5.42
4.50
3.93
3.51
3.16
2.72
2.70
2.64
2.34
2.26
2.19
2.13
2.12
1.95
1.70
1.61
1.51
1.46
1.43
1.41
1.37
1.36
1.35
1.23
FUND STYLE
Investment Style
39
28180
3.03
13.70
Capitalisation
2008
2007
2006
2005
2004
Q1
Q2
Q3
Q4
Year
-24.24
-1.42
19.42
-0.04
0.71
-14.18
14.53
-7.25
6.52
-13.50
-2.23
16.01
19.39
23.26
15.08
-18.97
23.88
11.70
8.02
21.15
-48.50
62.26
47.70
41.77
21.46
Return
Category
Rank
Fund/Cat
Fund Style
S&P
CNX Nifty
Year-to-Date
-48.50 -55.29
34/192
-51.79
3-Month
-18.97 -22.88
41/213
-24.53
6-Month
-20.78 -27.09
38/209
-26.76
1-Year
-48.50 -55.29
34/192
-51.79
2-Year
-8.59 -16.06
22/158
-13.63
3-Year
7.27 -1.39
12/134
1.42
5-Year
16.27 12.91
19/67
9.50
7-Year
10-Year
Return less than 1-year are absolute and over 1 year are annualised
Financial
Energy
Communication
Technology
FMCG
Health Care
Engineering
Metals
Services
Diversified
SIP
Return
-40.18
-0.86
-33.43
-40.18
-24.19
-9.43
9.90
-
Risk Analysis
Nifty
Volatility Measurements
16.24
14.67
8.00
7.16
6.29
5.00
4.01
3.07
2.93
1.43
11.90
37.49
11.34
10.95
6.85
2.74
5.26
4.43
0.28
2.97
Standard Deviation
Portfolio Characterstics
The funds returns over each quarter of the last five years, along with
the entire years returns.
Top 10 Sector
Weights (%)
The percentage of
the equity investments of the fund
that fall under each
sector of the economy. The top 15 sectors for each fund
are given.
28.32
Sharpe Ratio
0.21
Beta
0.88
R-Squared
0.96
Alpha
4.77
Composition (%)
Equity
Debt
Cash
71.37
18.46
10.17
Composition (%)
The proportion of
the funds holdings
that are held in
each of the three
basic types of
assets.
Risk Analysis
A range of statistical measures that
can be used to evaluate the performance, risk, and return of a
mutual fund.
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