Townhall Presentation - Fundsupermart...IDFC Sterling Equity Fund (SEF) Fund and IDFC Premier Equity Fund is the name of the Schemes and do not in any manner indicate either the quality
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Townhall Presentation
IDFC Sterling Equity FundOur Mid Cap Fund
Celebrating
What creates wealth?
Large capMid capSmall cap
What creates wealth?
Large capMid capSmall cap
Good businesses create wealth
Strong Cash Flows
High Return
on Capital employed
Strong
competitive position
Low leverage
Good
Businesses
Sterling - Focuses on Good Businesses
Represents all CNX Midcap sectors and within that there is active stock selection
Actively builds a portfolio of companies with proven business model
Focuses on identifying structural changes in the environment and aligns companies based
on their valuations
We started playing Consumption
Cyclicality of Indian Markets
Consumption
• Marginally positive on consumption, cautious on valuations
• Pressure on discretionary spends
Investments
• Tracking investment economy to capture growth in revenue through policy
initiatives
• Track enhanced PSU spending in the current cycle
• Focus on companies that are improving their cash flows
• Improvement in the NPA cycle should lead to enhanced profit growth.
• PSU banks to take advantage of falling interest rate scenario
Outsourcing
• Pharma sector gaining from strong underlying demand in developed markets
• Neutral on IT sector.
Equity Strategy Across Categories Going Forward
Sterling - Across Cycles
0
5
10
15
20
25
CNX Midcap S&P BSE Sensex Sterling NAV
7-Mar-08 8-Mar-13
Growth of
20.7%
Growth of
23.21%
Growth of
109.79%
7-Mar-08 8-Mar-13 Absolute Growth
CNX Midcap 6501 7847 20.70%
S&P BSE Sensex 15976 19683 23.21%
Sterling NAV 10 20.98 109.79%
Sterling grew approx 5 times the Benchmark
Source: www.mutualfundsindia.com
As on 7th March 2013
* All Equity Schemes available on 19th Mar 2008 which are not arbitrage/sector/index/global/ELSS
Sterling - Relative Performance
Count Average Returns AUM (Crs)
Equity Universe 150 6.33% 137897
Mid Cap Funds 27 7.47% 15877
Large Cap/Diversified Funds 123 6.08% 122020
Sterling 16.23% 1395
-5
0
5
10
15
20
25
30
35
1 Year 2 Years 3 Years 4 Years 5 years
IDFC Sterling Equity Fund CNX Midcap Index Midcap Funds - Average
Sterling - Risk Return Profile
Source: www.mutualfundsindia.com
*Returns – Average of rolling returns (Absolute) as on 7th Mar’13
25%
50%
87%
144%
0%
20%
40%
60%
80%
100%
120%
140%
160%
1 year 2 years 3 years 4 years
Risk Return(Absolute)
Returns Risk (Std Dev)
Sterling – Portfolio Strategy
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Sep 2008 Mar 2009 Sep 2009 Mar 2010 Sep 2010 Mar 2011 Sep 2011 Mar 2012 Sep 2012
Banking and Finance Consumer Investments Outsourcing
IDFC Sterling Equity Fund IDFC Premier Equity Fund
• A Midcap Fund • An Unrestricted diversified equity fund
• Benchmark CNX Midcap • Benchmark BSE 500
• Representation of all CNX Midcap sectors • Can play sector concentration
• Average Market Cap: 12,643 Cr • Average Market Cap: 21,168 Cr
Sterling - Myth Breakers
Two distinct funds from the same Fund Manager
Premier Holdings Market Cap (crs.)
HDFC Bank Ltd 148,350
State Bank of India
GAIL (India) Ltd
Asian Paints Ltd
Bosch Ltd
Punjab National Bank
United Spirits Ltd
Zee Entertainment Enterprises Ltd 20,901
Siemens Ltd
Shriram Transport Finance Company Ltd
Container Corporation of India Ltd
Tata Chemicals Ltd
Procter & Gamble Hygiene and Health Care Ltd
Muthoot Finance Ltd
Torrent Power Ltd
Coromandel International Ltd
Blue Dart Express Ltd 5,431
MRF Ltd
Bata India Ltd
Trent Ltd
Page Industries Ltd
Gujarat State Petronet Ltd
Redington (India) Ltd
Jyothy Laboratories Ltd
FAG Bearings India Ltd
PTC India Ltd 1,936
Arvind Ltd
Kaveri Seed Company Ltd
Cox & Kings Ltd
Gateway Distriparks Ltd
Tilaknagar Industries Ltd 789
Average Market Cap 21,168
Sterling Holdings Market Cap (crs.)
NMDC Ltd 54,336
Nestle India Ltd
Idea Cellular Ltd
Jindal Steel & Power Ltd
Godrej Consumer Products Ltd
Wockhardt Ltd
Yes Bank Ltd
Castrol India Ltd 15,826
Glenmark Pharmaceuticals Ltd
Divi's Laboratories Ltd
Cummins India Ltd
Bajaj Finance Ltd
ABB Ltd
Union Bank of India
Apollo Hospitals Enterprise Ltd
Mahindra & Mahindra Financial Services Ltd
Hindustan Petroleum Corporation Ltd
Syndicate Bank
Allahabad Bank
Strides Arcolab Ltd 5,412
Amara Raja Batteries Ltd
The Phoenix Mills Ltd
Bank of Maharashtra
Dena Bank
Wabco India Ltd
BASF India Ltd
Hexaware Technologies Ltd
United Bank of India
Eclerx Services Ltd
Vardhman Textiles Ltd
Eros International Media Ltd
VA Tech Wabag Ltd
Innoventive Industries Ltd
Kirloskar Pneumatic Co.Ltd
RSWM Ltd 243
Average market Cap 12,643
as on 28th Feb 2013
Thank You
Risk Factors: Mutual Funds and securities investments are subject to market risks, reinvestment risk, changes in political, economic
environment and government policy and there is no assurance or guarantee that the objectives of the Scheme/s will be achieved. The NAV of the
Scheme/s can go up or down depending on factors and forces affecting the Securities Market including fluctuation in interest rates, trading volumes
and reinvestment risk. Past performance of the Sponsor/AMC/Mutual Fund is not necessarily indicative of the future performance of the Scheme/s
and may not necessarily provide a basis for comparison with other investments. IDFC Sterling Equity Fund (SEF) Fund and IDFC Premier Equity
Fund is the name of the Schemes and do not in any manner indicate either the quality of the Schemes, their future prospects or returns. The Sponsor
or any of its associates is not responsible or liable for any loss resulting from the operation of the Schemes beyond the corpus of the Trust of Rs. 30,000/-.
Terms of Issue & Load Structure: IDFC SEF & IDFC PEF: During the continuous offer the AMC calculates and publishes NAVs and offers for sale and
redemption of units of the Scheme on all Business days. Entry Load – Nil Exit Load IDFC-SEF: The scheme is converted into open ended scheme w.e.f.
September 11, 2009. After then during the Ongoing Offer Period load will be charged as follows: If redeemed within 1 year from the date of purchase(s) applying
First in First out basis (including purchase made through the STP/SIP) -1.00%.No exit load /CDSC will be chargeable in case of switches made between
different options of the schemes. IDFC PEF: During the continuous offer the AMC calculates and publishes NAVs and offers for sale and redemption of units of
the Scheme on all Business days. IDFC PEF: For all the equity schemes (other than IDFC Arbitrage Fund, IDFC Arbitrage Plus Fund and ELSS Schemes of
IDFC): All investment including SIP/STP/Micro SIP/STP/FOF if redeemed / switched out within 365 days from the date of allotment-1%. No Entry Load/ Exit
Loads/CDSC shall be chargeable in case of switches made between different options of the scheme. Investment Objective: IDFC-SEF: The investment
objective of the Scheme is to seek to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The Scheme will
predominantly invest in small and midcap equity and equity related instruments. Small and Midcap equity and equity related instruments will be the stocks
included in the CNX Midcap index or equity and equity related instruments of such companies which have a market capitalization lower than the highest
components of CNX Midcap Index. The Scheme may also invest in stock other than mid cap stocks (i.e. in stocks, which have a market capitalization of above
the market capitalization range of the defined small midcap stocks) and derivatives. On defensive consideration, the Scheme may also invest in debt and money
market instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC PEF: The Scheme shall seek to generate
long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments. However there is no assurance that the
investment objective of the scheme will be realized. Statutory Details: IDFC Mutual Fund has been set up as a trust by Infrastructure Development Finance
Company Limited (IDFC) (liability restricted to corpus of Trust of Rs. 30,000) with IDFC AMC Trustee Company Ltd as the trustee and IDFC Asset Management
Company Ltd as the investment manager. Investors in the scheme(s) are not being offered any guaranteed or assured rate of return. Copy of Scheme
Information Document and Key Information Memorandum along with application form for all the schemes may be obtained from the office of IDFC Mutual
Fund, One India Bulls Centre, 841, Jupiter Mills Compound, Senapati Bapat Marg,, Elphinstone Road, (West), Mumbai 400 013. Contact 1-800-226622 for
details.
For details please read the respective Scheme Information Document (SID) (including those of FMPs)/ Offer Document (OD) / Statement of Additional
Information (SAI) carefully before investing.
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