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Recommended Portfolios Update - February 2013
March 6, 2013

This is a brief update of the performance of our Recommended Portfolios for February 2013.


Author : iFAST Research



Recommended Portfolio Update - Feb 2013

The Recommended Portfolios underwent a revamp last on February 1, 2013. The strategy being that it will undergo a change whenever our outlook on the equity markets change or when we review our recommended funds’ list. The current churning of the portfolio was done on account of the review in the recommended funds’ list.

  • Unless specified, all the returns stated are on a month-on-month basis

  • The target allocation for the specific portfolio may change depending on our views on the market

  • In all the portfolios, we currently hold a neutral position in equities.

 

1. Conservative Portfolio

Portfolio Objective:
To achieve long-term capital appreciation by investing 90% into bond funds and the remaining 10% into equity funds.

Total Investment:

INR 1,00,000

Portfolio Absolute Return since inception:
(Inception Date: 26 Feb 2010)

28.14%

Portfolio Value:

 INR 1,28,141

February 2013 Portfolio Return:

-0.24%

Portfolio Commentary:
The portfolio delivered negative return of 0.24% for the month of February 2013 as compared to 1.05% the previous last month.

Debt funds:
IPineBridge India Short Term Fund (Short Term): 0.31%
Templeton India Ultra-Short Bond Fund (Ultra Short Term): 0.58%
Canara Robeco Income Fund (Income): 0.37%
Birla Sun Life Dynamic Bond Fund (Dynamic Bond): 0.40%

Equity funds:
ICICI Prudential Focused Bluechip Equity Fund (Large Cap): -4.75%
Birla Sun Life Dividend Yield Plus (Dividend Yield): -6.04%.

 

2. Moderately Conservative Portfolio

Portfolio Objective:
To achieve long-term capital appreciation by investing 70% into bond funds and the remaining 30% into equity funds.

Total Investment:

INR 1,00,000

Portfolio Absolute Return since inception:
(Inception Date: 26 Feb 2010)

26.70%

Portfolio Value:

 INR 1,26,702

February 2013 Portfolio Return:

-1.45%

Portfolio Commentary:
The portfolio posted a negative return of 1.45% for the month of February 2013 as compared to 1.25% in the last month.

Debt funds:
PineBridge India Short Term Fund (Short Term): 0.31%
Templeton India Ultra-Short Bond Fund (Ultra Short Term ): 0.58%
Canara Robeco Income Fund (Income): 0.37%
Birla Sun Life Dynamic Bond Fund (Dynamic Bond): 0.40%

Equity funds:
ICICI Prudential Focused Bluechip Equity Fund (Large Cap): -4.75%
UTI Opportunities Fund (Multi Cap): -5.07%
Birla Sun Life Dividend Yield Plus (Dividend Yield): -6.04%.

 

3. Balanced Portfolio

Portfolio Objective:
To achieve long term capital appreciation by investing 50% into bond funds and the other 50% into equity funds.

Total Investment:

INR 1,00,000

Portfolio Absolute Return since inception:
(Inception Date: 26 Feb 2010)

26.23%

Portfolio Value:

 INR 1,26,231

February 2013 Portfolio Return:

-2.58%

Portfolio Commentary:
For the month of February, the portfolio delivered negative returns of 2.58%, as compared to 1.23% of the earlier month.

Debt funds:
PineBridge India Short Term Fund (Short Term): 0.31%
Templeton India Ultra-Short Bond Fund (Ultra Short Term): 0.58%
Canara Robeco Income Fund (Income): 0.37%
Birla Sun Life Dynamic Bond Fund (Dynamic Bond): 0.40%

Equity funds:
ICICI Prudential Focused Bluechip Equity Fund (Large Cap): -4.75%
UTI Opportunities Fund (Multi Cap): -5.07%
Birla Sun Life Dividend Yield Plus (Dividend Yield): -6.04%
ICICI Prudential Discovery Fund (Contra/Value): -5.43%

.

 

4. Moderately Aggressive Portfolio

Portfolio Objective:
To achieve long term capital appreciation by investing 30% into bond funds and 70% into equity funds.

Total Investment:

INR 1,00,000

Portfolio Absolute Return since inception:
(Inception Date: 26 Feb 2010)

25.36%

Portfolio Value:

 INR 1,25,359

February 2013 Portfolio Return:

-5.02%

Portfolio Commentary:
The portfolio posted negative returns this month; -5.02% as compared to 0.63% of the previous month.

Debt funds:
PineBridge India Short Term Fund (Short Term): 0.31%
Templeton India Ultra-Short Bond Fund (Ultra Short-term): 0.58%
Templeton India Income Builder Account – Plan A (Income): 0.15%

Equity funds:
DSP BlackRock Top 100 Equity Fund (Large Cap): -6.95%
Mirae Asset India Opportunities Fund (Multi Cap): -6.19%
ICICI Prudential Discovery Fund (Contra/Value): -5.43%
SBI Magnum Sector Funds Umbrella- Emerging Businesses Fund (Mid Cap & Small cap): -7.74%
Reliance Banking Fund (Sector): -10.07%

PineBridge Infrastructure & Economic Reform Fund (Sector): -5.61%.

 

5. Aggressive Portfolio

Portfolio Objective:
To achieve long term capital appreciation by investing 10% into bond funds and 90% into equity funds.

Total Investment:

INR 1,00,000

Portfolio Absolute Return since inception:
(Inception Date: 26 Feb 2010)

26.45%

Portfolio Value:

 INR 1,26,451

February 2013 Portfolio Return:

-6.46%

Portfolio Commentary:
The aggressive portfolio delivered negative returns of 6.46% as compared to 0.45% in January 2013.
 
Debt funds:
PineBridge India Short Term Fund (Short Term): 0.31%
Templeton India Income Builder Account – Plan A (Income): 0.15%

Equity funds:
DSP BlackRock Top 100 Equity Fund (Large Cap): -6.95%
Mirae Asset India Opportunities Fund (Multi Cap): -6.19%
ICICI Prudential Discovery Fund (Contra/Value): -5.43%
SBI Magnum Sector Funds Umbrella- Emerging Businesses Fund (Mid cap & Small cap): -7.74%
PineBridge Infrastructure & Economic Reform Fund (Sector): -5.61%.
Reliance Banking Fund (Sector): -10.07%.

 

6. Moderately Aggressive (Global) Portfolio:

Portfolio Objective:
To achieve long term capital appreciation by investing 30% into bond funds, 45% in domestic equity funds and 25% in global equity funds.

Total Investment:

INR 1,00,000

Portfolio Absolute Return since inception:
(Inception Date: 26 Feb 2010)

28.21%

Portfolio Value:

 INR 1,28,209

February 2013 Portfolio Return:

-2.93%

Portfolio Commentary:
The Moderately Aggressive (Global) portfolio delivered negative returns of  2.93% during the month analysed.

Debt funds:
PineBridge India Short Term Fund (Short Term): 0.31%
Templeton India Ultra-Short Bond Fund (Ultra Short Term): 0.58%
Templeton India Income Builder Account – Plan A (Income): 0.15%

Domestic equity funds:
DSP BlackRock Top 100 Equity Fund (Large Cap): -6.95%
Mirae Asset India Opportunities Fund (Multi Cap): -6.19%
ICICI Prudential Discovery Fund (Contra/Value): -5.43%
SBI Magnum Sector Funds Umbrella- Emerging Businesses Fund (Mid cap & Small cap): -7.74%
Reliance Banking Fund (Sector): -10.07%
PineBridge Infrastructure & Economic Reform Fund (Sector): -5.61%.

Global equity funds:
JPMorgan JF Greater China Equity Off-shore Fund: 0.80%
Franklin Asian Equity Fund: 1.62%.

.

 

7. Aggressive (Global) Portfolio

Portfolio Objective:
To achieve long term capital appreciation by investing 10% into bond funds, 59% into domestic equity funds and 31% into global equity funds. Currently, we target an exposure of 10% to bond funds, 60% to domestic equity funds and 30% to global equity funds.

Total Investment:

INR 1,00,000

Portfolio Absolute Return since inception:
(Inception Date: 26 Feb 2010)

28.25%

Portfolio Value:

 INR 1,28,250

February 2013 Portfolio Return:

-3.88%

Portfolio Commentary:
The Aggressive (Global) portfolio posted negative returns of 3.88% in the current month as against the previous month’s return of 0.49%.

Debt funds:
PineBridge India Short Term Fund (Short Term): 0.31%
Templeton India Income Builder Account – Plan A (Income): 0.15%

Domestic equity funds:
DSP BlackRock Top 100 Equity Fund (Large Cap): -6.95%
Mirae Asset India Opportunities Fund (Multi Cap): -6.19%
ICICI Prudential Discovery Fund (Contra/Value): -5.43%
SBI Magnum Sector Funds Umbrella- Emerging Businesses Fund (Mid Cap & Small Cap): -7.74%
PineBridge Infrastructure & Economic Reform Fund (Sector): -5.61%.
Reliance Banking Fund (Sector): -10.07%

Global equity funds:
JPMorgan JF Greater China Equity Off-shore Fund: 0.80%
Franklin Asian Equity Fund: 1.62%.

 

note:

All our portfolios have closed the month in red on account of the underperformance in equity markets.


iFAST and/or its content and research team’s licensed representatives may own or have positions in the mutual funds of any of the Asset Management Company mentioned or referred to in the article, and may from time to time add or dispose of, or be materially interested in any such. This article is not to be construed as an offer or solicitation for the subscription, purchase or sale of any mutual fund. No investment decision should be taken without first viewing a mutual fund's offer document/scheme additional information/scheme information document. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Investors should seek for professional investment, tax, and legal advice before making an investment or any other decision. Past performance and any forecast is not necessarily indicative of the future or likely performance of the mutual fund. The value of mutual funds and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. Please read our disclaimer in the website.


 


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