FACT SHEET - NOVEMBER 2020...Maruti Suzuki India Ltd. Wipro Ltd. Tata Consultancy Services Ltd....
Transcript of FACT SHEET - NOVEMBER 2020...Maruti Suzuki India Ltd. Wipro Ltd. Tata Consultancy Services Ltd....
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FACT SHEET - NOVEMBER 2020
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Portfolio Disclosure
- Above figures are annualised.- Risk free rate assumed to be 3.40% (FBIL Overnight MIBOR as on 27th Nov, 2020)
Name of the fund Parag Parikh Long Term Equity Fund
Investment Objective
Type of the Scheme
Date of Allotment May 24, 2013
Entry Load Not Applicable
Exit Load
Benchmark Index Nifty 500 (TRI)
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities, foreign equities and related instruments and debt securities.
Multi Cap Fund - An open ended equityscheme investing across large cap, mid cap,small cap Stocks.
Name of the Fund
Managers
Assets Under Management
(AUM) as on Nov 27, 2020
`5,460.72 CroresAverage AUM
for the Month
`5,757.28 Crores
Net Asset Value (NAV) as
on , 2020Nov 27
Regular Plan: 33.8345
Direct Plan: 35.4388
2% for redemption within 365 days
1% for redemption between 366 - 730 days
Nil for redemption beyond 730 days
Weighted Average
Expense Ratio
Regular Plan: 2.04%*
Direct Plan: 1.00%*
*Including additional expenses and GST on management fees
Minimum
Application
Amount
New Purchase: 1,000 Additional Purchase: `
`
1,000
Monthly SIP: , ` `1,000 Quarterly SIP: 3,000
Beta 0.77
18.91%
0.61
6.77%
24.30%
Standard Deviation
Sharpe Ratio
Portfolio Turnover (excl Equity Arbitrage)
Portfolio Turnover (incl Equity Arbitrage)
Mr. Rajeev Thakkar - (Overall 18 years of experience in fund management)
Equity Fund Manager
Mr. Raj Mehta - Debt (Since January 27, 2016)
Fund Manager
Mr. Raunak Onkar - Overseas Securities (Since Inception)
Fund Manager for
# Currency hedge to the extent of approximately 75% of exposure.
^ Traded on US OTC Markets. Underlying shares are listed on the Tokyo Stock.
Exchange.
* Hedged by offsetting derivative position
Industry Allocation
Load Structure
Quantitative Indicators
5.49%Debt and Money Market Instruments
18.53%Internet & Technology
18.25%Finance
10.16%Consumer Non durables
9.37%Banks
9.09%Auto
6.28%Consumer Services
0.94%Arbitrage/Special Situation
6.02%Pharmaceuticals
3.06%Auto Ancillaries
12.81%Software
FACT SHEET - NOVEMBER 2020
Core Equity
Name Industry
ITC Ltd 7.98%
Persistent Systems Ltd Software 6.13%
Finance 6.13%
Indian Energy Exchange Ltd. Finance 5.13%
Auto 5.11%
Software 4.47%
Multi Commodity Exchange of India Ltd. Finance 3.70%
HDFC Bank Ltd Banks 3.25%
Axis Bank Ltd Banks 3.10%
Auto Ancillaries 3.06%
ICICI Bank Ltd Banks 3.02%
Central Depository Services (I) Ltd. Finance 2.37%
Oracle Financial Services Software Ltd. Software 2.21%
2.18%
Pharmaceuticals 1.40%
Pharmaceuticals 1.34%
Pharmaceuticals 1.34%
Sun Pharmaceuticals Industries Ltd Pharmaceuticals 1.05%
IPCA Laboratories Ltd Pharmaceuticals 0.89%
ICRA Ltd Finance 0.78%
Computer Age Management Services Ltd. Finance 0.14%
Arbitrage
0.60%
0.34%
Total 65.72%
# Alphabet Inc (Google Class C) Internet & Technology 8.54%
# AMAZON.COM INC Consumer Services 6.28%
# Microsoft Corporation Internet & Technology 5.58%
# Facebook INC Internet & Technology 4.41%
# Suzuki Motor Corp (ADR)^ Auto 3.98%
Total 28.79%Debt and Money Market Instruments
FDR 0.50%
4.99%
Net Assets 100.00%
% of Net Assets
Consumer Non Durables
Bajaj Holdings & Investment Ltd
Hero Motocorp Ltd.
Mphasis Ltd
Balkrishna Industries
Zydus Wellness Ltd Consumer Non Durables
Cadila Healthcare Ltd
Lupin Ltd
Dr.Reddys Laboratories Ltd
*Infosys Ltd
*Tata Motors Ltd.
Overseas Securities, IDRS and ADRs
TREPS Including Cash & Cash Equivalent and Net Current Asset
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Jan19
Feb19
Mar1
9
Apr1
9
May1
9
Jun19
Jul1
9
Aug19
Sep19
Oct
19
Nov1
9
Dec1
9
Jan20
Feb20
Mar2
0
Apr2
0
May2
0
Jun20
Jul2
0
Aug20
Sep20
Oct
20
Nov2
0
0
20
40
60
80
100
120
140
160
Date
Scheme Benchmark Index Index Value of Investment of Rs. 10,000/-
PPLTEF Nifty 500(TRI)
Nifty 50(TRI)
PPLTEF Nifty 500(TRI)
Nifty 50(TRI)
Since Inception 17.60% 12.98% 12.26% 12.90% 33,835 25,027 23,862 24,890
Nov 29, 2019 to , 2020 (Last 1 Yr)Nov 27 27.34% 10.39% 8.74% 9.54% 12,725 11,036 10,872 10,952
Nov 30 Nov 27, 2017 to 2020 (Last 3 Yrs), 13.95% 6.65% 9.63% 11.35% 14,787 12,128 13,169 13,798
Nov 30 Nov 27, 2015 to , 2020 (Last 5 Yrs) 13.97% 11.24% 11.74% 12.46% 19,225 17,027 17,416 17,986
S&P BSE Sensex (TRI)
S&P BSE Sensex (TRI)
Total Amount Invested 9,10,000 1,20,000 3,60,000 6,00,000
Market value of Investment (Regular Plan) 17,26,913 1,51,795 4,87,694 9,23,596
(Regular Plan) Returns (Annualised) (%) 16.53% 53.62% 20.86% 17.34%
Nifty 500 (TRI) Returns (Annualised) (%) 11.59% 45.39% 11.96% 11.21%
Nifty 50 Returns (Annualised) (%)(TRI) 11.60% 43.44% 12.96% 12.25%
S&P BSE Sensex Returns (Annualised) (%)(TRI) 12.33% 43.86% 14.26% 13.52%
Since Inception
from June 1, 2013
Nov 29 Nov, 2019 to
27, 2020 (Last 1 Yr)
Nov 30 Nov, 2017 to
27, 2020 (Last 3 Yrs)
Nov 30, 2015 to Nov
27, 2020 (Last 5 Yrs)
Nov 29, 2019 to 2020Nov 27,Since Inception (May 27, 2013)
CAGR: Scheme: NiftyNifty 50: 12.26%, Sensex: 12.90%
17.60%, 500:12.98%Scheme: , Nifty
Nifty 50: , Sensex: 27.34% 10.39%
8.74% 9.54% 500:
Note:
Different plans shall have different expense structures.
Scheme returns shown are for regular plan.
Past performance may or may not be sustained in the future.
Greater than 1 year returns are CAGR returns.
Data presented here is upto the last calendar month.
Less than 1year returns are annualised returns.
PPLTEF Returns Benchmark Returns (Nifty 500 (TRI)) Sensex (TRI) Returns Nifty 50 (TRI) Returns
May1
3
Nov1
3
May1
4
Nov1
4
May1
5
Nov1
5
May1
6
Nov1
6
May1
7
Nov1
7
May1
8
Nov1
8
May1
9
Nov1
9
May2
0
Nov2
0
The combined holding of 'Insiders' in Parag Parikh Long Term Equity Fund
amounts to . For more details ̀ Crores171.41 of AUM as at Nov 27, 2020
please visit the 'Schemes' section of our website.
PPLTEF Vs Benchmark Indices
We have our Skin in the Game
SIP Investment Performance (Assumption : `10,000/- is invested on the first of every month)
Lumpsum Investment Performance (Compounded annual returns)
FACT SHEET - NOVEMBER 2020
https://amc.ppfas.com/schemes/disclosure-of-insider-holdings/index.php
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Portfolio Disclosure
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- Since the fund has not completed 3 years, other quantitative indicators are not
shown as per AMFI Best Practice Guidelines.
Above figures are annualised.
Name of the fund Parag Parikh Tax Saver Fund
Investment Objective
Type of the Scheme
Date of Allotment July 24, 2019
Benchmark Index Nifty 500 (TRI)
To seek to generate long-term capital appreciation through a diversified portfolio of equity and equity related instruments
An open ended equity linked saving scheme with a statutory lock in of3 years and tax benefit.
Name of the Fund
Managers
Assets Under Management
(AUM) as on Nov 27, 2020
`81.06 CroresAverage AUM
for the Month
`85.29 Crores
Net Asset Value (NAV) as
on , 2020Nov 27
Regular Plan: 13.0537
Direct Plan: 13.2702
Weighted Average
Expense Ratio
Regular Plan: 2.39%*
Direct Plan: 1.16%*
*Including additional expenses and GST on management fees
Minimum
Application
Amount
New Purchase: 500 and in multiples of 500Additional Purchase: `
` `
500 and in
Monthly SIP: , ` `1,000 Quarterly SIP: 3,000
Portfolio Turnover 5.18%
Mr. Rajeev Thakkar - (Overall 18 years of experience in fund management)
Equity Fund Manager
Mr. Raj Mehta - Debt (Since )
Fund Manager Inception
Mr. Raunak Onkar - Co (Since Inception)
Fund Manager
Industry Allocation
Entry Load Not Applicable
Not ApplicableExit Load
Load Structure
Quantitative Indicators
FACT SHEET - NOVEMBER 2020
Core Equity
Name Industry % of Net Assets
ITC 7.95%
Finance 6.06%
Persistent Systems Ltd Software 5.31%
Indian Energy Exchange Ltd. Finance 5.08%
Auto 5.05%
Auto 4.93%
Software 4.89%
Software 4.89%
Central Depository Services (I) Ltd. Finance 4.67%
4.23%
Software 4.08%
Multi Commodity Exchange of India Ltd. Finance 4.03%
HDFC Bank Ltd Banks 3.42%
Axis Bank Ltd Banks 2.95%
Auto Ancillaries 2.82%
Oracle Financial Services Software Ltd. Software 2.67%
ICICI Bank Ltd Banks 2.52%
ICRA Ltd Finance 2.45%
Pharmaceuticals 1.08%
IPCA Laboratories Ltd Pharmaceuticals 1.02%
Sun Pharmaceuticals Industries Ltd Pharmaceuticals 1.02%
Pharmaceuticals 0.98%
Pharmaceuticals 0.85%
Total 82.95%
Debt and Money Market Instruments
TREPS Including Cash & Cash Equivalent and Net Current Asset 17.05%
Net Assets 100.00%
Consumer Non Durables
Bajaj Holdings & Investment Ltd
Hero Motocorp Ltd.
Maruti Suzuki India Ltd.
Wipro Ltd.
Tata Consultancy Services Ltd.
Zydus Wellness Ltd Consumer Non Durables
Mphasis Ltd
Balkrishna Industries
Cadila Healthcare Ltd
Dr.Reddys Laboratories Ltd
Lupin Ltd
Debt and Money MarketInstruments
22.29%Finance
12.18%Consumer Non Durables
9.98%Auto
8.89%Banks
4.95%Pharmaceuticals
17.05%
Market InstrumentsDebt and Money
2.82%Auto Ancillaries
21.84%Software
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Note:
Different plans shall have different expense structures.
Scheme returns shown are for regular plan.
Past performance may or may not be sustained in the future.
Data presented here is upto the last calendar month.
Less than 1year returns are annualised returns.
Date
Scheme Benchmark Index Index Value of Investment of Rs. 10,000/-
PPTSF PPTSFNifty 500(TRI)
Nifty 50(TRI)
Nifty 500(TRI)
Nifty 50(TRI)
Since Inception 21.86% 13.60% 12.20% 13.33% 13,054 11,875 11,678 11,838
Nov 29, 2019 to , 2020 (Last 1 Yr)Nov 27 21.63% 10.39% 8.74% 9.54% 12,157 11,036 10,872 10,952
S&P BSE Sensex (TRI)
S&P BSE Sensex (TRI)
Total Amount Invested 1,70,000 1,20,000
Market value of Investment (Regular Plan) 2,13,215 1,49,245
(Regular Plan) Returns (Annualised) (%) 34.75% 49.07%
Nifty 500 (TRI) Returns (Annualised) (%) 29.28% 45.39%
Nifty 50 Returns (Annualised) (%)(TRI) 27.68% 43.44%
S&P BSE Sensex Returns (Annualised) (%)(TRI) 28.33% 43.86%
Since Inception
from Aug 1, 2019
Nov 29, 2019 to Nov
27, 2020 (Last 1 Yr)
Nov 29, 2019 to 2020Nov 27,Since Inception (July 26, 2019)
CAGR: Scheme: NiftyNifty 50: , Sensex:
21.86% 13.60%12.20% 13.33%
, 500:Scheme: , Nifty
Nifty 50: , Sensex: 21.63% 10.39%
8.74% 9.54% 500:
SIP Investment Performance (Assumption : `10,000/- is invested on the first of every month)
Lumpsum Investment Performance (Compounded annual returns)
PPTSF Returns Benchmark Returns (Nifty 500 (TRI)) Sensex (TRI) Returns Nifty 50 (TRI) Returns
We have our Skin in the Game
Jul1
9
Aug19
Sep19
Oct
19
Nov1
9
Dec1
9
Jan20
Feb20
Mar2
0
Apr2
0
May2
0
Jun20
Jul2
0
Aug20
Sep20
Oct
20
Nov2
0
60
70
80
90
100
110
120
130
140
Oct
19
Nov1
9
Dec1
9
Jan20
Feb20
Mar2
0
Apr2
0
May2
0
Jun20
Jul2
0
Aug20
Sep20
Oct
20
Nov2
0
The combined holding of 'Insiders' in Parag Parikh Tax Saver Fund amounts to
. For more details
`5.37 of AUM as at Nov 27, 2020Crores please visit the
'Schemes' section of our website.
PPTSF Vs Benchmark Indices
FACT SHEET - NOVEMBER 2020
https://amc.ppfas.com/schemes/parag-parikh-tax-saver-fund/disclosure-of-insider-holdings/
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Quantitative IndicatorsBeta0.69Standard Deviation0.115Sharpe Ratio0.53Portfolio Turnover (excl Equity Arbitrage)0.1192Portfolio Turnover (incl Equity Arbitrage)1.8617
Portfolio DisclosureName of the fund Parag Parikh Liquid Fund
Investment Objective
Type of the Scheme
Date of Allotment May 11, 2018
Benchmark Index CRISIL Liquid fund index
CRISIL 1 Year T-Bill index
To deliver reasonable market related returns with lower risk and high liquidity through judicious investments in money market and debt instruments. (Non Guaranteed)
An Open-ended Liquid Scheme
Name of theFund Manager
Mr. Raj Mehta
Fund Manager since inception.Also manages debt component of PPLTEF since Jan 2016 & PPTSF since inception.
Assets Under
Management Nov 30, 2020
(AUM) as on` Crores1073.80
Average AUM
for the Month`1024.79 Crores
Weighted Average
Expense Ratio
Regular Plan: 0.26%*
Direct Plan: 0.16%*
*Including additional expenses and GST on management fees
Additional Benchmark
Minimum
Application
Amount
New Purchase: 5,000 `
Additional Purchase: 1,000 `
Monthly SIP: 1,000 `
NAV Details
Plan
Growth
Daily Dividend
Weekly Dividend
Monthly Dividend
Direct
1141.8314
1000.5404
1001.6015
1006.0065
Regular
1138.7848
1000.5404
1001.5821
1005.9088
Dividend History - Monthly Dividend Plan
Record date DirectRetail Retail
`2.22
`2.48
`2.92
`2.30
`2.56
`3.02
`2.22
`2.48
`2.92
`2.30
`2.56
`3.02
Corporate CorporateRegular
28th Sep 2020
26th Oct 2020
01st Dec 2020
Quantitive Indicators*
* Computed on the invested amount
Average Maturity (Days) 38.49
0.11
2.78%
Modified duration (Years)
Yield to Maturity
Macaulay Duration (Years) 0.11
Entry Load Not Applicable
* For purpose of levying exit load, if subscription (application & funds) is received
within cut-off time on a day, Day 1 shall be considered to be the same day, else the
day after the date of allotment of units shall be considered as Day 1.
Day of redemption/ switch from the date
of applicable NAV
Day 1 0.0070%
Day 2 0.0065%
Day 3 0.0060%
Day 4 0.0055%
Day 5 0.0050%
Day 6 0.0045%
Day 7 onwards 0.0000%
Exit load as a % ofredemption /
switch proceeds
Exit Load
Load Structure
FACT SHEET - NOVEMBER 2020
a)Debt and Money Market Instruments
Name Rating % of Net Assets
91 DAY T-BILL 14.Jan.21 Sovereign 6.97%
91 DAY T-BILL 28. .21Jan Sovereign 6.96%
91 DAY T-BILL 04.Feb.21 Sovereign 6.95%
91 DAY T-BILL 11.Feb.21 Sovereign 6.95%
182 DAY T-BILL 18.Feb.21 Sovereign 6.95%
182 DAY T-BILL 25.Feb.21 Sovereign 6.94%
91 DAY T-BILL 03.Dec.20 Sovereign 4.66%
91 DAY T-BILL 17.Dec.20 Sovereign 4.65%
182 DAY T-BILL 31.Dec.20 Sovereign 4.65%
182 DAY T-BILL 07.Jan.21 Sovereign 4.65%
91 DAY T-BILL 10.Dec.20 Sovereign 3.73%
182 DAY T-BILL 24. .20Dec Sovereign 3.72%
91 DAY T-BILL 24. .20Dec Sovereign 3.26%
364 DAY T-BILL 10. .20Dec Sovereign 2.33%
91 DAY T-BILL 07.Jan.21 Sovereign 2.32%b) Government Securities
Government Of India 7% 21.Jan.2021 GOV Sovereign 7.03%
GOI 08.12% 10.Dec.20 Sovereign 2.33%
14.49%
d) Fixed DepositsHDFC Bank Ltd. 5.1% 07.Oct.21 FD 0.19%HDFC Bank Ltd. 5.1% 08.Oct.21 FD 0.09%HDFC Bank Ltd. 5% 08.Nov.21 FD 0.09%HDFC Bank Ltd. 4.5% 17.Dec.20 MFD 0.09%Invested Total 100.00%
c) TREPS and Other Receivables and Payables
TREPS Including Net Receivables/Payables and Net Current Asset
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Date
Scheme Benchmark Additional Benchmark Value of Investment of Rs. 10,000/-
CRISIL 1 year T-bill Index
Since Inception 5.21% 6.32% 6.95% 11,388 11,697 11,877
3.03% 3.50% 4.27% 10,006 10,007 10,008
2.92%
3.08%
3.05%
3.02%
3.80%
3.59% 4.73%
3.63% 3.97%
3.79% 4.22%
3.98%
4.81%
3.60%
5.93%
10,014
10,027
10,076
10,151
10,382
10,017
10,032
10,095
10,199
10,483
10,022
10,035
10,105
10,180
10,596
PPLF (Regular)
Crisil Liquid Fund Index
PPLF (Regular)
Crisil Liquid Fund Index
CRISIL 1 year T-bill Index
Nov 23, 2020 to , 2020 (Last 7 Days) Nov 30
Nov 13, 2020 to , 2020 (Last 15 days) Nov 30
Oct 29, 2020 to , 2020 (Last 1 Month) Nov 30
Aug 31, 2020 to , 2020 (Last 3 Months) Nov 30
May 31, 2020 to , 2020 (Last 6 Months) Nov 30
Nov 29, 2019 to , 2020 (Last 1 Year) Nov 30
Note:
Different plans shall have different expense structures.
Scheme returns shown are for regular plan.
Past performance may or may not be sustained in the future.
Greater than 1 year returns are CAGR returns.
Data presented here is upto the last calendar month.
Less than 1 year returns are annualised returns.
We have our Skin in the Game
Lumpsum Investment Performance (Compounded annual returns)
Asset Allocation by Asset Class Asset Allocation by Rating
75.69%Treasury Bills
9.36%G Sec
14.95%TREPS, Fixed Deposit,
Net receivables & Payables and
Net Current Asset
85.05%Sovereign
14.95%TREPS, Fixed Deposit and
Net Receivables & Payables
FACT SHEET - NOVEMBER 2020
The combined holding of 'Insiders' in Parag Parikh Liquid Fund amounts to
`22.27 Crores of AUM as at Nov 30, 2020. For more details please visit the 'Schemes' section of our website.
https://amc.ppfas.com/schemes/parag-parikh-liquid-fund/disclosure-of-insider-holdings/
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Mr. Raj Mehta manages 3 Schemes of PPFAS Mutual Fund.
Past Performance may or may not be sustained in future.
The performance details provided herein are of regular plan growth option. Regular and Direct Plans have different expense structure.
Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
Period 1 YearSince Inception 3 Years 5 Years
Managing Since
Benchmark Index
Benchmark Return (%)
Benchmark Return (%)
Benchmark Return (%)
Benchmark Return (%)
January 27,2016
Nifty 500 (TRI)
May 11,2018
July 24,2019
CRISIL Liquid fund index
Nifty 500 (TRI)
Scheme Return (%)
Scheme Return (%)
Scheme Return (%)
Scheme Return (%)
Fund Manager Name: Mr. Raj Mehta
Parag Parikh Long Term Equity Fund
1 YearSince Inception 3 Years 5 YearsPeriod
Managing Since
Benchmark Index
Benchmark Return (%)
Benchmark Return (%)
Benchmark Return (%)
Benchmark Return (%)
May 24,2013
Nifty 500 (TRI) 17.60%
17.60%
17.60%
5.21%
12.98%
12.98%
12.98%
6.32%
27.34%
27.34%
27.34%
3.80%
10.39%
10.39%
10.39%
4.81%
13.95%
13.95%
13.95%
6.65%
6.65%
6.65%
13.97%
13.97%
13.97%
11.24%
11.24%
11.24%
July 24,2019
Nifty 500 (TRI) 21.86%
21.86%
21.86%
13.60%
13.60%
13.60%
21.63%
21.63%
21.63%
10.39%
10.39%
10.39%
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
Scheme Return (%)
Scheme Return (%)
Scheme Return (%)
Scheme Return (%)
Parag Parikh Long Term Equity Fund
Parag Parikh Tax Saver Fund
1 YearSince Inception 3 Years 5 YearsPeriod
Managing Since
Benchmark Index
Benchmark Return (%)
Benchmark Return (%)
Benchmark Return (%)
Benchmark Return (%)
May 24,2013
Nifty 500 (TRI)
July 24,2019
Nifty 500 (TRI)
Scheme Return (%)
Scheme Return (%)
Scheme Return (%)
Scheme Return (%)
Parag Parikh Long Term Equity Fund
Parag Parikh Tax Saver Fund
Parag Parikh Liquid Fund
Parag Parikh Tax Saver Fund
Mr. Raunak Onkar manages 2 Schemes of PPFAS Mutual Fund.
Mr. Rajeev Thakkar manages 2 Schemes of PPFAS Mutual Fund.
Fund Manager Name: Mr. Raunak Onkar
Fund Manager Name: Mr. Rajeev Thakkar
LOW HIGH
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Hig
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Investors understand that their principal will be at moderately high risk.
Parag Parikh Tax Saver FundParag Parikh Long Term Equity Fund
LOW HIGH
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Hig
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HighwoL
Investors understand that their principal will be at moderately high risk.
*Investors should consult their financial advisers if in doubt about whether this scheme is suitable for them.
*Investors should consult their financial advisers if in doubt about whether this scheme is suitable for them.
The investment objective of the Scheme is to seek* to
generate long-term capital growth from an actively managed
portfolio primarily of Equity and Equity Related Securities.
Scheme shall invest in Indian equities, foreign equities and
related instruments and debt securities.
This product is suitable for investors who are seeking*
Long term capital appreciation
Investment predominantly in equity and equity related securities.
Riskometer
Parag Parikh Liquid Fund
LOW HIGH
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Hig
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Investors understand that their principal will be at Low risk.
This product is suitable for investors who are seeking*
*Investors should consult their financial advisers if in doubt about whether this scheme is suitable for them.
Income over short term
Investments in Debt/money market instruments
RiskometerRiskometer
FACT SHEET - NOVEMBER 2020
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Know more
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Definitions
Fund Manager
This is the minimum investment amount for a new investor in a mutual fund scheme.
Minimum additional amount This is the minimum investment amount for an existing investor in a mutual fund scheme.
SIP
NAV
Benchmark
Entry Load
Exit Load
Standard Deviation
Sharpe Ratio
Beta
AUM
Holdings
Nature of Scheme
Portfolio Turnover Ratio
Yield to Maturity (YTM)
Modified Duration
Total Expense ratio
An employee of the asset management company such as a mutual fund or life insurer, who manages investment of the scheme.
He is usually part of a larger team of fund managers and research analysts.
Application amount for fresh subscription
SIP or systematic investment plan work on the principle of making periodic investments of a fixed sum. It works similar to a recurring
bank deposit. For instance, an investor may opt for an SIP that invests 500 every 15 ` th of the month in an equity fund for a period of three years.
The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV
is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.
A group of securities, usually a market index whose performance is used as a standard or benchmark to measure investment performance of
mutual funds, among other investments. Some typical benchmark include the Nifty, Sensex, BSE 200, BSE 500, 10-year Gsec.
A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the
time an investor purchase the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the
100 and the entry load is 1%, the investor will enter the fund at Rs 101.NAV is `
Exit load is charged at the time of redeeming (or transferring an investment between schemes). The exit load percentage is deducted from the
NAV at the time of redemption (or transfer between schemes). This amount goes to the respective scheme and gets added to the AUM of that Scheme
Standard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund Scheme has a high standard deviation, its
range of performance is wide implying greater volatility.
The Sharpe Ratio named after its founder, the Nobel Laureate William Sharpe is a measure of risk-adjusted returns. It is calculated using standard
deviation and excess return to determine reward per unit of risk.
Beta is a measure of an investment's volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market.
A beta of greater than 1 implies that the security's price will be more volatile than the market.
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any
investment firm.
The holding or the portfolio is a mutual fund's latest or updated reported statement of investments/securities. These are usually displayed in term
of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the
fund manager.
The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance a mutual fund that aims at
generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise a mutual fund that aims at capital
preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.
A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by taking either the total
amount of new securities purchased or the amount of securities sold - whichever is less - over a particular period, divided by the total net asset
value (NAV) of the fund. The measurement is usually reported for a 12-month time period.
The yield to maturity (YTM) of a bond or other fixed-interest security, such as gilts, is the (theoretical) internal rate of return (IRR, overall interest rate) earned by an investor who buys the bond today at the market price, assuming that the bond is held until maturity, and that all coupon and principal payments are made on schedule.
Modified duration is a formula that expresses the measurable change in the value of a security in response to a change in interest rates. Modified duration follows the concept that interest rates and bond prices move in opposite directions.
The total expense ratio (TER) is a measure of the total cost of a fund to the investor. Total costs may include various fees (purchase, redemption, auditing) and other expenses. The TER, calculated by dividing the total annual cost by the fund'stotal assets averaged over that year, is denoted as a percentage.
FACT SHEET - NOVEMBER 2020
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