Mutual Fund Quarterly Booklet Jan - Mar 2021 - Ventura ...
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Mutual Fund Quarterly Booklet
Jan – Mar 2021
Index
Sr. No. Particulars Page No.
I Executive Summary 3
II Equity Schemes
1 Change in AUM - Open-ended Equity Schemes (%) 4
2 Top 10 Company Holding - Market Value wise 4
3 Top 10 Company Holding- Count wise 4
4 Top 10 Sector Holding - Market Value wise 5
5 Top 10 Fund Managers - AUM wise 5
6 Company In & Out 5
7 Top 5 Equity Schemes (maximum no. of stocks) 6
8 Top 5 Equity Schemes (minimum no. of stocks) 6
9 No. of Equity Schemes – Outperformance Vis a Vis Benchmark & Nifty 6
10 Stocks not held by Mutual Fund 7
11 New Entrants (IPO) in MF Industry 8
12 Changes in Stocks as per AMFI's New Market Cap List 8
III Debt Schemes
1 Change in AUM – Open-ended Debt Schemes (%) 10
2 Top 10 Sector Holding - Market Value wise 10
3 Top 10 Company Holding - Market Value wise 10
4 Category wise average allocation to different rated papers 11
5 Top 10 Fund Managers - AUM wise 11
6 Average Modified Duration of each category 11
7 Average YTM of each category 11
8 Category Wise Exposure to Liquid Assets 12
9 Category Wise Exposure to Top Rated Assets 12
IV Hybrid Schemes
1 Change in AUM – Open-ended Hybrid Schemes (%) 13
2 Top 10 Company Holding – Equity 13
3 Top 10 Company Holding – Debt 13
4 Top 10 Sector Holding – Equity 14
5 Top 10 Sector Holding – Debt 14
6 Top 10 company Holding (Equity) - Count wise 14
2
Executive Summary
The entire country is in the grip of the second wave of the pandemic, and this time, the effect is more severe than the
last time. The numbers of daily cases are increasing beyond everyone’s wildest expectations. With this negativity
sentiment looming, the market is behaving differently compared to the last year. This time, the market has avoided bulk
selling, which was experienced in March 2020. In the quarter ended March 2021, the Sensex moved up 3.7% while the
Nifty 50 was up 5.07%. The S&P BSE Midcap and S&P BSE Small cap index surged by 15.2% & 13.6%, respectively.
The Foreign Institutional Investors (FIIs) continued their investments into India markets, pouring in ~Rs.52.3k crores in
the March quarter. The DII continued to remain net sellers in this quarter too, withdrawing ~12k crores. But after a long
time DIIs were net buyers in the month of March contributing ~5.2k crores in the India markets. The figure below shows
the trend of AUM of the entire industry for the last one year.
Asset Under Management movemement
35 31.8 32.3 32.2
29.8 31.0
27.3 27.8 27.7 28.3
30 26.1 3.1 4.8 4.9 4.9
24.7 24.3 2.8
23.5 2.3 2.5 2.6 2.7 3.2
25 2.1 3.1 3.3 3.5 3.5
Rs. in lac crores
1.9 1.9 3.1 3.1 3.1 3.0
1.9 3.0
3.0 2.7 2.8
20
15.5
14.2
13.9
14.5
15.3
14.5
14.2
14.1
14.3
15
13.7
13.0
12.9
12.5
10
9.8
9.7
5
9.3
9.2
8.6
8.1
8.0
8.0
7.6
7.2
6.8
6.6
6.4
0
Mar-20
Jun-20
Jan-21
Mar-21
Oct-20
Apr-20
May-20
Aug-20
Nov-20
Jul-20
Sep-20
Feb-21
Dec-20
Equity Debt Hybrid Others Total
Source: AMFI
After eight months of outflow, finally Equity Funds saw an inflow in their collection in the month of March. The inflow
through SIP rose to Rs.9182 crores, which is the highest ever SIP inflow in a month. In the quarter, Debt funds saw an
outflow in both longer and shorter duration funds. In the last MPC meeting, the RBI kept the repo rate unchanged at 4%
and it is expected to remain accommodative as long as it is necessary to sustain growth. RBI has also ensured surplus in
liquidity in accordance with the accommodative stance through various market operation strategy.
The volatility in the market has increased tremendously because of the mixed sentiments in the market. Although the
finance minister presented a growth-oriented budget and the Central Bank continued to lend its support to growth in
the economy, it is important to see how the government tackles the second wave of Covid-19, which will decide the
future sentiment of the market.
3
Equity Schemes
Change in AUM - Open ended Equity Schemes (%)
↑ Sectoral/Thematic 16.3
↑ Mid Cap 11.8
↑ Small Cap 11.4
↑ Large & Mid Cap 10.4
↓ Focused 7.5
↓ Dividend Yield 7.5
*Flexi Cap 6.7
↓ ELSS 6.3
↑ Value /Contra 3.8
↓ Large Cap 3.8
↓ Multi Cap 3.4
Insights: Sectoral Funds continue to see huge inflow in their AUM as they continue to deliver higher returns to investors. Mid-Cap and Small-Cap,
which bottomed out in the last quarter, saw a huge inflow in their AUM because of improved performance.
*SEBI introduced Flexi Cap as a new category in Equity Funds. Many Multi Cap funds changed their category from Multi Cap to Flexi Cap.
*AUM: Assets under Management
Top 10 Company holding - Market Value wise Top Company holding - Count wise
↔ HDFC Bank 49,818 ↔ ICICI Bank 200
↔ ICICI Bank 46,536 ↔ HDFC Bank 191
↔ Infosys 45,257 ↔ Bharti Airtel 179
↑ Axis Bank 21,877 ↔ Infosys 176
↓ Reliance Industries 21,157 ↑ State Bank of India 155
↓ Bharti Airtel 21,120 ↔ Axis Bank 150
↑ SBI 21,014 ↓ Reliance Industries 136
↑ TCS 17,138 *Larsen & Toubro 134
* L&T 16,515 ↓ Maruti Suzuki India 123
↓ HDFC Ltd 16,491 *TCS 118
Rs in crores No. of schemes holding the stock
Insights: L&T replaced Kotak Bank to enter in the top 10 list of this Insights: Larsen & Toubro and TCS replaced Kotak Bank and
quarter. The market value of State Bank Of India increased by 35% Hindustan Unilever to enter the top 10 list for this quarter. In the
from last quarter. top 10 list, only SBI saw an increase in the number of schemes as
compared to last quarter.
4
Top 10 Sector holding - Market Value wise Top 10 Fund Managers - AUM wise
↔ Banks 1,74,266 ↔ Jinesh Gopani (Axis) 47,445
↔ Software 1,01,951 ↔ Harsha Upadhyaya(HDFC) 43,672
↑ Finance 93,972 ↑ Shreyash Devalkar (DSP) 42,656
↓ Pharmaceuticals 65,698 ↓ Prashant Jain (HDFC) 41,788
↑ Consumer Non Durables 63,317 ↔ Chirag Setalvad (HDFC) 36,521
* Consumer Durables 40,056 *Rajat Chandak (ICICI Pru) 32,631
↓ Petroleum Products 36,523 ↓ Sohini Andani (ABSL) 31,726
* Industrial Products 34,962 *Venugopal Manghat(L&T) 29,480
↓ Cement 33,173 *Sankaran Naren (ICICI Pru) 29,421
* Auto 31,934 ↔ A Radhakrishnan… 26,175
Rs in crores
Rs. in crores
Insights: Engineering - Consumer Durables, Industrial Products and Insights: The top 2 Fund Mangers maintained their respective
Auto replaced Engineering - Construction, Finance - Housing and position from last quarter. Rajat Chandak (I Pru), Venugopal
Telecom to enter in the top list for this quarter. The market value of Manghat (L&T), Sankaran Naren (I Pru) replaced Mahesh Patil
the Cement sector has increased by 34% from last quarter. (ABSL), Gaurav Mishra (Mirae) & Anish Tawakley (I Pru) to get a
position in the top 10 list.
Company In & Out
WABCO India 1,271
Indian Railway Finance Corp 736
MTAR Technologies 553
RailTel Corporation of India 168
Home First Finance Co India 160
Craftsman Automation 146
Nazara Technologies 145
Indigo Paints 125
Suryoday Small Finance Bank 120
Easy Trip Planners 118
Plastiblends India -14
Savita Oil Technologies -18
Gujarat State Fertilizers & Chemicals -22
Ujjivan Small Finance Bank -25
Rs. in crores
Insights: Easy Trip Planners, Suryoday Small Finance Bank, Indian Railway Finance Corporation, Indigo Paints, RailTel Corporation of India, Nazara
Technologies, Craftsman Automation and MTAR Technologies were new entrants through the IPO route.
*For company-in data, the top 10 companies according to market value holding are considered.
5Top 5 Equity Schemes (maximum no. of stocks)
Scheme Name Category No. of Stocks(Equity)
Nippon India Small Cap Small Cap 121
ITI Multi Cap Multi Cap 110
ITI Long Term Equity ELSS 97
ITI Small Cap Small Cap 86
ICICI Pru Multicap Multi Cap 85
Insights: All the ITI funds entered the top 5 list in this quarter replacing L&T Emerging Businesses, Nippon India Growth, Nippon India Value.
Nippon India Small Cap continues to remain at the top spot.
Top 5 Equity Schemes (minimum no. of stocks)
Scheme Name Category No. of Stocks(Equity)
JM Core 11 Multi Cap 11
LIC MF Banking & Fin Services Banking & Financial Services 16
SBI Technology Opportunities IT 16
Tata Banking & Financial Services Banking & Financial Services 16
SBI Banking & Financial Services Banking & Financial Services 18
Insights: SBI Banking & Financial services replaced Tata Digital India to enter in the top 5 list of this quarter. JM Core 11 continues to remain at the
top position.
No. of Equity Schemes – Outperformance Visa-Vis Benchmark& Nifty
No. of
AMC Name Benchmark NIFTY
schemes
SBI Mutual Fund 18 10 14
HDFC 10 7 10
ICICI Prudential 22 16 18
Aditya Birla Sun Life 19 6 10
Kotak 11 9 9
Nippon 13 10 11
Axis 9 0 3
UTI 14 8 12
IDFC 8 3 6
DSP 12 6 8
L&T Finance 10 5 8
Franklin Templeton 10 6 10
Tata 16 13 12
Mirae Asset 8 8 7
Edelweiss 6 5 5
Invesco 11 4 9
Canara Robeco 7 3 6
Sundaram 11 8 10
Motilal Oswal 5 2 4
LIC 6 1 1
Insights: None of the funds of Axis MF outperformed against their benchmarks. Among the Top 20 AMCs, Mirae Asset was the best performer with
100% of its funds outperforming their benchmark. AUM wise, the Top 20 AMCs have been considered. Quarterly absolute returns are considered
for the period Jan-March 2021.
AUM wise, the Top 20 AMCs have been considered.
Quarterly absolute returns are considered for the period Jan-Mar-21.
6Stocks not held by Mutual Fund
Amount in Rs. crores
Market Market
Large-Cap Mid-Cap Small-Cap Market Cap
Cap Cap
Adani Green Energy 1,72,757 Ruchi Soya Industries 18,983 KIOCL 8,723
Adani Enterprises 1,13,390 Indian Overseas Bank 26,299 Bank of maharashtra 13,645
Adani Power 32,803 Alok Industries 10,005
GMR Infrastructure 14,682 Ujjivan Small Finance Bank 5,271
Rajesh Exports 14,133 INFIBEAM AVENUES 6,313
UCO Bank 10,905 TV18 Broadcast 4,929
ITI (Indian Teleph.Ind.) 10,738 Future Retail 2,314
Sun Pharma Advanced Research
Dhani Services 10,262 3,719
Company
Bombay Burmah Trading
7,749 TANLA PLATFORMS 11,088
Corp.
Central Bank of India 9,592 IOL Chemicals & Pharmaceuticals 3,233
Zensar Technologies 6,184
Capri Global Capital 6,658
Spandana Sphoorty Financial 3,893
Network 18 Media & Investments 3,814
Trident 7,160
Wockhardt 4,589
Maharashtra Scooters 4,080
DEN Networks 2,350
Vakrangee 5,938
Responsive Industries 4,473
IIFL FINANCE 10,662
Swan Energy 3,315
Kama Holdings 3,912
SUZLON ENERGY 4,245
JSW Holdings 4,263
Allcargo Logistics 3,034
MMTC 6,356
Shipping Corporation Of India 5,158
Gujarat State Fertilizers & Chem 3,240
Gujarat Ambuja Exports 2,934
Uflex 2,729
Jindal Stainless (Hisar) 2,957
Nirlon 2,462
HFCL 3,233
Indo Count Industries 2,603
Note: Only the top 500 companies, according to AMFI, have been considered.
st
The Market cap is as on 31 March 2021.
7New Entrants (IPO) in the MF Industry
Market Value (Rs.
New Entrants –IPO (Date of Listing) Category
in crores)
Indian Railway Finance Corporation 736 Mid Cap
MTAR Technologies 553 Small Cap
Suryoday Small Finance Bank 120 Small Cap
Nazara Technologies 145 Small Cap
Indigo Paints 125 Mid Cap
Craftsman Automation 146 Small Cap
Brookfield India Real Estate Trust 3 Small Cap
Easy Trip Planners 118 Small Cap
RailTel Corporation of India 168 Small Cap
Home First Finance Co India 160 Small Cap
Stove Kraft 85 Small Cap
Anupam Rasayan India 53 Small Cap
Kalyan Jewellers India 81 Small Cap
Nureca Ltd 6 Small Cap
Heranba Industries 12 Small Cap
Exposure in MF as on 31-Mar-21 has been considered.
Changes in Stocks as per AMFI's New Market Cap List
Amount in Rs. crores
Mid Caps that could become Large Caps
Company Name M Cap 31-Mar-21 M Cap 31-Dec-20
Adani Total Gas 105,719 24,630
Cholamandalam Investment & Finance Company 45,824 21,960
Honeywell Automation India 41,951 27,477
Apollo Hospitals Enterprise 41,737 27,081
NMDC 39,651 28,141
Godrej Properties 39,122 24,945
Bank Of Baroda 38,333 22,611
AU Small Finance Bank 38,310 23,134
Small Caps that could become Mid Caps
Company Name M Cap 31-Mar-21 M Cap 31-Dec-20
APL Apollo Tubes 17,494 6,853
Tata Elxsi 16,772 8,169
Linde India 15,351 6,690
Kajaria Ceramics 14,723 8,322
Apollo Tyres 14,209 8,070
Affle (India) 13,916 6,887
Bank Of Maharashtra 13,645 7,516
Blue Dart Express 13,228 7,018
Indian Bank 13,120 7,363
Vaibhav Global 12,486 5,882
Alkyl Amines Chemicals 11,622 6,353
Cholamandalam Financial Holdings 11,253 7,804
Bajaj Electricals 11,190 5,678
8Mid Caps that could become Small Caps
Company Name M Cap 31-Mar-21 M Cap 31-Dec-20
UCO Bank 10,905 12,832
IIFL Wealth Management 10,895 8,628
Jubilant Pharmova 10,843 12,067
ITI 10,738 11,828
Akzo Nobel India 10,484 9,305
CreditAccess Grameen 10,433 10,013
Procter & Gamble Health 10,287 8,722
Dhani Services 10,262 11,613
SJVN 10,237 9,032
Godrej Agrovet 10,067 9,578
Central Bank Of India 9,592 8,569
Motilal Oswal Financial Services 9,183 9,360
Bombay Burmah Trading Corporation 7,749 9,038
Astrazeneca Pharma India 7,524 10,026
Granules India 7,514 8,600
Large Caps that could become Mid Caps
Company Name M Cap 31-Mar-21 M Cap 31-Dec-20
Bajaj Holdings & Investment 36,646 29,705
Indraprastha Gas 35,810 29,486
PI Industries 34,233 30,719
Hindustan Petroleum Corporation 34,054 31,111
Petronet LNG 33,716 36,596
Hindustan Aeronautics 33,268 28,897
Alkem Laboratories 33,131 32,740
Abbott India 31,844 33,790
Top 500 companies according to AMFI data of Average Market Cap have been considered
9Debt Schemes
Change in AUM - Open ended Debt Schemes ( %)
↑ Floater 9.9
↑ Overnight 9.1
↑ Medium Duration 8.1
↑ Dynamic Bond 3.0
↑ Money Market 2.7
↓ Corporate Bond 0.8
↑ Long Duration -0.2
↓ Credit Risk -0.6
↔Banking and PSU -5.1
↓ Gilt with 10 year constant duration -6.3
↓ Short Duration -7.7
↓ Ultra Short Duration -8.1
↓ Liquid -11.8
↓ Gilt -12.7
↓ Low Duration -13.6
↓ Medium to Long Duration -15.0
Insights: As compared to last quarter, where the lower duration funds saw an inflow in their AUM, the March quarter saw an outflow in the
AUM of these funds. In lower duration funds, only Overnight & Money market saw an inflow in their AUM. Overnight Funds which was at last
position in the last quarter saw the highest jump to reach 2nd place this quarter. Floater Funds continue to remain in the desired investment
spot of debt investors since the last 3 quarters.
Top 10 Sector holding - Market Value wise Top 10 Company holding - Market Value wise
↔ Bank - Public ↔NABARD 72,928
157,704
↑ Finance - NBFC ↔HDFC 49,617
126,432
↓ Finance - Housing ↑ REC Ltd 39,350
101,549
↑ Refineries ↑ Power Finance Corpn Ltd 35,760
75,390
↓ Finance Term Lending *Export-Import Bank Of India 30,638
75,110
↑ Bank - Private ↔LIC Housing Finance Ltd 27,600
59,899
↓ Power ↓ Reliance Industries Ltd 24,276
42,712
↔ Telecommunication *Aditya Birla Finance Limited 21,441
26,725
↓ Engineering - Construction ↓ State Bank of India 19,993
20,519
*Finance - Stock Broking *Axis Bank 18,613
12,515
Rs. in crores Rs. in crores
Insights: Stock Broking was a new entrant in the top 10 sector, Insights: Axis Bank, Aditya Birla Finance and Export-Import Bank of
.
replacing Finance - Investment. The exposure towards Engineering - India replaced IRFC, NTPC and L&T to enter the top 10 list, while the
Construction, Power, Finance Term Lending and Finance - Housing market value of Reliance Industries decreased by 47% as compared
has been reduced from last quarter.
to last quarter.
10Category wise average allocation to different rated papers
Top 10 Fund Manger - AUM Wise
AAA AA A Cash
Category SOV
&Equiv &Equiv &Equiv /Others
↑ Kaustubh Gupta (Birla) 86,425
Banking & PSU 14% 68% 7% - 11%
Corporate Bond 18% 73% 1% - 9% ↑ Rahul Goswami (ICICI) 84,262
Credit Risk 7% 4% 55% 16% 17%
↓ Rajeev Radhakrishnan (SBI) 81,792
Dynamic Bond 55% 13% 14% 1% 17%
Floater 29% 51% 9% - 11% ↓ Deepak Agrawal (Kotak) 67,928
Gilt 82% 3% - - 14%
Liquid Fund 6% 27% - - 67% ↑ Anurag Mittal (IDFC) 51,454
Low Duration 23% 41% 12% - 24%
↓ Anupam Joshi (HDFC) 49,435
Med to Long
34% 20% 30% 2% 14%
Term
↔Manish Banthia (ICICI) 45,535
Money Market 24% 42% - - 34%
Overnight - - - - 100% ↔Anil Bamboli (HDFC) 40,026
Short Duration 27% 50% 9% - 14%
↔Devang Shah (Axis) 28,354
Ultra Short
Term
15% 44% 8% - 32%
*Shobhit Mehrotra (HDFC) 27,534
Increase from last quarter Decrease from last quarter Rs. in crores
Insights: Most debt funds increased the cash components in their Insights: Shobhit Mehrotra (HDFC) replaced Anju Chhajer (Nippon)
portfolio. Only Corporate Bonds and Gilt has increased their proportion to enter in the top 10 list. Funds managed by Kaustubh Gupta (Birla)
to AAA rated papers by 5% and 3% respectively. The portfolio grew by 37%, which is the highest growth in that list.
proportions of many categories have increased in AA & A papers, which
can be because of the increase in the price of the papers.
Average Modified Duration of each category Average YTM of each category
Gilt 4.7 Credit Risk 7.5
Medium to Long Duration 3.6 Medium to Long… 6.0
Dynamic Bond 3.2 Gilt 5.7
Banking & PSU 2.3 Dynamic Bond 5.5
Corporate Bond 1.9 Banking & PSU 5.2
Short Duration 1.8 Corporate Bond 5.1
Credit Risk 1.4 Short Duration 5.0
Floating Rate 1.3 Floating Rate 4.9
Low Duration 0.8 Low Duration 4.1
Ultra Short Duration 0.6 Ultra Short Duration 3.8
Money Market 0.5 Money Market 3.6
Liquid 0.1 Overnight 3.4
Overnight 0.01 Liquid 3.3
Modified Duration in Years YTM in Percentage
Insights: Except for Overnight, Liquid, Ultra Short Duration & Money Insights: All categories of debt funds except for Credit Risk and
Market all other categories have reduced the duration of their Medium to Long Duration funds saw an increase in their YTM from
portfolio. Floater Bond has reduced their duration by 42%. last quarter. The YTM of Overnight Funds has increased by 20%.
11Category Wise Exposure to Liquid Assets
Overnight 100%
Government Bond 97%
Liquid 73% 27%
Dynamic Bond 72% 28%
Money Market 58% 42%
Medium to Long Duration 48% 52%
Ultra Short Duration 47% 53%
Low Duration 47% 53%
Short Duration 41% 59%
Floating Rate 39% 61%
Corporate Bond 27% 73%
Banking & PSU 25% 75%
Credit Risk 25% 75%
Liquid Assets Others
Insights: Among all other categories, Corporate Bond, Gilt and Short Duration have decreased their exposure towards liquid assets. Money
market Funds saw the highest increase in their liquid assets exposure adding another 41% as compared to the last quarter.
Category Wise Exposure to Top Rated Assets
Money Market 100%
Government Bond 100%
Overnight 100%
Liquid 100%
Corporate Bond 99% 1%
Banking & PSU 94% 6%
Ultra Short Duration 91% 9%
Short Duration 91% 9%
Floating Rate 91% 9%
Low Duration 88% 12%
Dynamic Bond 85% 15%
Medium to Long Duration 68% 32%
Credit Risk 29% 71%
Top Rated Assets Others
Insights: Few categories slightly reduced their exposure towards top rated assets. Only Credit Risk & Medium to Long Duration funds exposure
towards top rated assets decreased by 13.3% and 6.5%, respectively.
.
12Hybrid Schemes
Change in AUM - Open ended Hybrid Schemes (%)
↑ Arbitrage Fund 19.8
↔ Dynamic Asset Allocation/Balanced Advantage Fund 9.9
↔ Conservative Hybrid Fund 6.3
↓ Multi Asset Allocation Fund 5.1
↓ Balanced Hybrid Fund/Aggressive Hybrid Fund 1.6
↔ Equity Savings Fund -1.1
Insights: The Multi-asset allocation category continued to remain on the top spot from last quarter. Amount-wise, Dynamic asset allocation saw
an increase in AUM by ~Rs. 11,400 crores.
Top 10 Company holding - Equity Top 10 Company holding - Debt
↔ ICICI Bank 13,399 ↔ Axis Bank 2,505
↔ Infosys 11,687 ↔ REC 1,777
↔ HDFC Bank 9,385 ↑ HDFC 1,754
↔ SBI 8,655 ↓ ICICI Bank 1,575
↔ Bharti Airtel 7,120 ↔ State Bank of India 1,524
↔ Reliance Industries 5,604 ↑ Power Finance Corp 1,425
↑ NTPC 5,375 ↑ NABARD 1,264
↓ Larsen & Toubro 5,269 ↓ Punjab National Bank 1,169
↑ ITC 4,888 ↓ LIC Housing Finance 1,142
*Axis Bank 4,344 ↓ Canara Bank 958
Rs. in crores Rs. in crores
Insights: Axis Bank replaced HDFC to reach the top of the list for the Insights: Axis Bank continues to remain on the top spot from last
March quarter. The market value of SBI increased by 18%, which is quarter. The exposure towards NABARD and Power Finance Corp
the highest among the top 10 list. grew by 39% and 26% respectively from last quarter.
.
13Top 10 Sector holding - Equity Top 10 Sector holding - Debt
↔ Banks 42,154 ↔ Bank - Public 8,055
↔ Software 22,249 ↔ Bank - Private 5,878
↑ Finance 12,906 ↑ Finance - NBFC 4,500
↔ Petroleum Products 11,415 ↔ Finance - Housing 3,520
↓ Pharmaceuticals 11,384 ↓ Power 3,419
* Consumer Non Durables 10,724 ↓ Finance Term Lending 3,202
↓ Power 8,600 *Construction - Real Estate 1,434
↔ Construction Project 7,220 ↑ Metal - Non Ferrous 902
↓ Telecom - Services 6,228 ↓ Finance - Investment 893
* Auto 5,175 ↓ Refineries 893
Rs. in crores Rs. in crores
Insights: The exposure of the mutual fund industry towards the Insights: Construction - Real estate replaced Engineering -
Auto sector increased by 120% from last quarter which made it Construction - Real Estate to get a place in Top 10. The exposure
enter the top list. Pharmaceuticals, Power and Telecom saw a fall in towards Finance - NBFC grew by 29% from last quarter.
their exposure.
Top 10 Company holding (Equity) - Count wise
↑ ICICI Bank 99
↓ Infosys 98
↔ HDFC Bank 96
↔ Bharti Airtel 92
↑ Axis Bank 86
↓ Reliance Industries 82
* Larsen & Toubro 78
↑ TCS 76
↓ HDFC 76
* SBI 75
No. of schemes holding the stock
Insights: L&T and SBI replaced Hindustan Unilever and Maruti to
secure a place in the top 10 list in the March quarter. SBI was added
by 6 more schemes which is the highest among the top 10 list.
14Notes: All the details as on 31st March, 2021, unless otherwise specified.
Equity:
1. Only open-ended schemes are considered.
2. Index Funds, International Funds, ETF, Close ended equity schemes, solution-oriented schemes and 3 ELSS Plans (Closed for Subscription)
are ignored.
3. Outperformance against Benchmark – Top 20 AMC according to highest AUM has been considered
nd
4. Top 10 Fund Managers – For calculation of AUM, 2 Fund Manager / Co Fund Manager has been ignored
5. In & Out - Market Value above 10 Crores has been considered
6. Stocks not held by AMCs - Only the top 500 companies are considered from AMFI Data
7. Market Cap change possibility: Top 500 companies according to AMFI data of Average Market Cap have been considered. This is only a
tentative list.
Debt:
1. Only open-ended schemes are considered.
2. Top 10 Sector and Top 10 Company, we have considered investment in Corporate Debt, Commercial Paper and Floating Rate instruments
only. The rest are excluded from our calculation.
nd
3. Top 10 Fund Manager - For calculation of AUM, Ultra short term, liquid and overnight funds are excluded and 2 Fund Manager / Co
Fund Manager has been ignored.
4. In Category wise exposure to Liquid Assets, Liquid Assets includes government securities and Cash & Others.
5. In category wise exposure to Top Rated Assets, Top Rated Assets include investments in government securities, AAA rated papers and
Cash & Others.
Hybrid:
1. Only open-ended schemes are considered.
2. Arbitrage is considered only in debt related tables and graphs
All the data has been sourced from ACE MF and AMFI.
Definition of Large, Mid and Small Cap:
As per AMFI, in terms of full market capitalization, Large Cap companies – 1 to 100, Midcap companies – 101 to 250, Small Cap companies – 251
onwards
Arrow indication: Comparison with last quarter
↑ indicates increase in position
↓ indicates decrease in position
↔ indicates no change in position
* indicates new entrant
Disclaimer: Mutual Fund Investments are subject to market risks, read the scheme related documents carefully before investing. Ventura does not
assure that the fund's objective will be achieved. NAV of the schemes may go up or down depending upon the factors and forces affecting the
securities markets. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.
Further, the information provided is only for internal use by our franchisee and business partner. It is not intended to be used by clients. Returns
shown are only indicative and based on past data. Ventura Securities Ltd, its connected/associated companies, and their respective Directors,
Officers and employees does not represent, warrant and/or guarantee that the integrity of this document has been maintained or that the
communication is free of errors.
The data has been taken from AMFI & ACE MF and is strictly confidential. While utmost care has been taken in preparing the above, however the
content hereinabove is based on information obtained from public sources and sources believed to be reliable, but no independent verification has
not been made nor is its accuracy or completeness guaranteed. The contents mentioned hereinabove are solely for informational purpose and may
not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments.
The products/data mentioned in the document/communication are not exchange traded products and Ventura Securities Ltd. is acting solely as a
distributor of the products. All disputes with respect to the distribution activity would not have access to exchange’s investor redressal forum or
arbitration mechanism. The recipient acting on this communication shall do so at his / her / its own cost and consequences.
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