INR67b
INR23.9t
MF industry AUM increases
7.5% MoM in Apr’20
Net inflows in equities
down 50% MoM in Apr’20
Gross inflows in equities
lowest in last 14 months
INR155b
Deven Mistry – Research Analyst
(Deven@MotilalOswal.com); +91 22 6129 1575
Investors are advised to refer to important disclosures made at the last page of the Research Report
May 2020
 Motilal Oswal Financial Services
SUMMARY:
Equity inflows at 4-month low; Oil and Gas, Healthcare and Autos gain attention
Key observations
In a spectacular move, the Nifty bounced back 14.7% in Apr’20, the best month since May’09. Improvement in performance of global markets,
intermittent news flow around development of the COVID-19 vaccine, significant moderation in FII selling and deep value in several sectors provided an
encouraging backdrop for Indian markets to recoup some of their previous losses in Apr’20.
After plunging 23% in Mar’20, equity AUM of domestic MFs increased 14% MoM to INR7t in Apr’20 as markets rebounded after 3 months of negative
returns. Redemptions declined 53.8% MoM to INR88b, but an equal fall in equity scheme sales (-52.3% MoM to INR155b – the lowest in 14 months) led
to a decline in net inflows from INR136b in Mar’20 to INR67b in Apr’20 – the lowest in 4 months.
MF industry AUM increased 7.5% MoM (INR1.6t) to INR23.9t in Apr’20, primarily led by equity funds (INR859b), liquid funds (INR698b) and other ETFs
(INR176b).
Contribution of systematic investment plans (SIPs) moderated to INR83.8b (down 3% MoM) after hitting a new high of INR86.4b in Mar’20. Notably, the
contribution of SIPs has remained above the INR80b mark for the 17
th
successive month.
Some interesting facts
The month saw
notable change in sector and stock allocation of funds.
On MoM basis, the weight of Healthcare, Oil, Autos, Chemicals, Metals and
Telecom increased, while that of Consumer, PSU Banks, Capital Goods, Technology, Retail, Private Banks, Utilities, NBFCs and Media moderated.
Oil and Gas’ weight increased for the second consecutive month
to
climb a new high of 9.1% (+80bp MoM, +120bp YoY).
Consumer’s weight moderated after rising for 3 consecutive months
to 8.8% (-100bp MoM). As a result, the sector slipped to the third
position in the allocation of mutual funds, making way for the Oil and
Gas sector at second position.
Healthcare sector’s weightage reached 40-month high
of 8% (+90bp
MoM, +220bp YoY).
Stocks exhibiting maximum increase in value MoM
were Reliance
Industries (+INR113.1b), HDFC Bank (+INR81.6b), ICICI Bank
(+INR76.3b), Bharti Airtel (+INR45.8b) and Infosys (+INR43.3b).
In terms of value decline MoM, the top -5 stocks were
HUL (-
INR7.3b), Tech Mahindra (-INR5.3b), Aditya Birla Fashion (-INR5.0b),
RBL Bank (-INR4.4b) and SBI (-INR3.8b).
MFs net inflows in equity halve to 4-month low in Apr’20
Fund Folio: Indian Mutual Fund Tracker | May 2020
2
 Motilal Oswal Financial Services
SUMMARY:
Equity inflows at 4-month low; Oil and Gas, Healthcare and Autos gain attention
Key charts
SIP contribution above INR80b mark for 17 successive months
Oil and Gas’ weight hit new high of 9.1% (+80bp MoM, +120bp YoY);
climbs to 2
nd
position in MFs’ allocation
Consumer’s weight moderated after rising for 3 consecutive months to
8.8% (-100bp MoM) – slips to 3
rd
position in MFs’ allocation
Healthcare’s weight reached 40-month high of 8% (+90bp MoM, +220bp
YoY)
Fund Folio: Indian Mutual Fund Tracker | May 2020
3
 Motilal Oswal Financial Services
Contents
AUM:
Up 7.5% to INR23.9t; equity inflows down by half in Apr’20
Top-20 funds:
Equity value up 13.3% MoM and -5.6% YoY
Sector-wise weightage:
MoM increase seen in Healthcare, Oil and Gas and
Automobiles
Sectoral allocation of funds:
Healthcare, Capital Goods and Cement over-owned
Nifty-50 snapshot:
MFs net buyers in 44% of stocks
Top schemes and NAV change:
All top-25 schemes close higher
Value surprise:
Maximum MoM change in Reliance Industries, HDFC Bank and ICICI
Bank
Funds snapshot:
Overview
About the product
Fund Folio
is a handbook on the
holdings of the top-20 domestic mutual
funds in India. This monthly report will
cover:
Trend in AUMs and flows
Sector allocation by funds
Stock-wise holding change
Top schemes and NAV change
Fund-wise snapshot on top holdings
Aditya Birla Sun Life
Axis
BNP Paribas
Canara Robeco
DSP
Franklin Templeton
HDFC
ICICI Prudential
IDFC
Invesco
Kotak Mahindra
L&T
Mirae Asset
Motilal Oswal
Nippon India
Principal
SBI
Sundaram
Tata
UTI
Notes:
This report covers only the top-20 mutual
funds by exposure to equity
All aggregates pertain only to the funds
listed in this report
Sectors are as defined by MOSL Research
Source: AMFI, NAVIndia
Fund Folio: Indian Mutual Fund Tracker | May 2020
4
 Motilal Oswal Financial Services
AUM:
Up 7.5% to INR23.9t; equity inflows down by half in Apr’20
MF industry’s AUM increased 7.5% MoM (INR1.6t) to INR23.9t in Apr’20, primarily led by equity funds (INR859b), liquid funds (INR698b) and other ETFs
(INR176b).
Net inflows in equity schemes (incl. ELSS) decreased to INR67b in Apr’20 from INR136b in Mar’20, led by decrease in gross inflows (-52.3% MoM at
INR155b) and decline in redemptions (-53.8% MoM at INR88b).
Trend in total AUM
Monthly trend of sales, redemptions and net amount raised by mutual funds (towards equity)
Fund Folio: Indian Mutual Fund Tracker | May 2020
5
 Motilal Oswal Financial Services
Top-20 funds:
Equity value up 13.3% MoM but down 5.6% YoY
Total equity value of the top-20 AMCs increased 13.3% MoM (-5.6% YoY) in Apr’20, as against the Nifty’s rise of 14.7% MoM (-16.1% YoY).
Among the top-10 funds, the highest MoM increase was seen in Mirae Asset Mutual Fund (+16.2%), Kotak Mahindra Mutual Fund (+15.5%), SBI
Mutual Fund (+15.4%), Axis Mutual Fund (+14.7%) and UTI Mutual Fund (+13.9%).
Trend of top-20 mutual funds by equity value
SBI Mutual Fund
HDFC Mutual Fund
ICICI Prudential Mutual Fund
Nippon India Mutual Fund
UTI Mutual Fund
Aditya Birla Sun Life Mutual Fund
Axis Mutual Fund
Kotak Mahindra Mutual Fund
Franklin Templeton Mutual Fund
Mirae Asset Mutual Fund
DSP Mutual Fund
L&T Mutual Fund
Tata Mutual Fund
IDFC Mutual Fund
Sundaram Mutual Fund
Motilal Oswal Mutual Fund
Invesco Mutual Fund
Canara Robeco Mutual Fund
PRINCIPAL Mutual Fund
BNP Paribas Mutual Fund
Total of above
Nifty
Value (INR b)
MoM Change (%)
May-19 Jun-19 July-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20
Apr-20
1,747
3.4
0.2
-3.2
1.7
7.9
4.3
3.5
2.1
1.4
-3.5
-18.8
3.6
-0.3
-5.4
-0.4
5.0
3.5
0.1
-0.3
-0.3
-7.3
-23.2
1,238
4.4
-0.5
-5.0
0.5
5.9
6.2
-1.0
-1.8
-1.4
-3.8
-19.7
1,170
0.0
-1.0
0.0
-7.8
5.2
4.1
-0.6
0.3
-1.7
3.4
-30.4
834
2.4
-0.2
-4.7
1.3
5.5
4.0
2.3
1.2
1.1
-4.5
-19.9
673
3.2
-2.9
-6.9
-1.7
7.7
3.9
-1.4
0.4
0.6
-6.4
-25.8
673
7.4
0.8
-5.8
4.5
9.5
6.1
1.9
2.6
6.8
-1.3
-15.0
595
4.8
0.7
-4.0
3.7
5.9
4.7
4.4
2.7
1.0
-3.0
-25.5
587
1.8
-2.4
-7.2
-1.7
5.4
3.1
0.5
0.4
-0.1
-7.1
-24.7
377
10.3
3.7
1.2
5.0
7.0
9.0
3.9
5.2
6.2
-0.8
-21.0
349
1.3
0.1
-9.6
0.4
7.0
5.6
1.0
1.2
4.3
-3.6
-26.2
330
2.5
-1.5
-6.0
-0.9
5.1
3.7
-2.0
-0.6
1.6
-6.5
-27.1
292
0.6
0.5
-5.8
0.8
6.6
3.3
0.4
2.4
3.7
-6.9
-22.6
203
5.2
2.4
-0.8
2.9
8.9
-0.5
7.1
-0.1
0.4
-4.2
-35.1
182
3.0
-1.6
-9.0
-2.0
8.3
4.0
1.3
0.0
2.7
-3.1
-28.9
157
0.5
0.3
-10.4
5.6
6.8
4.3
-1.7
1.1
1.9
-3.9
-25.6
156
5.8
1.4
-1.7
2.8
6.5
6.9
2.0
1.8
4.6
0.8
-20.4
109
5.4
0.7
-6.2
2.2
6.9
6.1
1.3
2.1
5.4
-0.4
-18.3
108
4.2
-1.7
-6.4
-1.1
4.8
3.2
-4.5
-1.5
3.9
-4.1
-22.2
47
4.5
-4.4
-6.5
2.2
8.0
3.2
-0.4
1.3
2.2
-4.3
-27.2
36
3.3
-0.4
-4.7
0.0
6.5
4.5
1.0
0.8
1.1
-3.7
-23.0
9,862
1.5
-1.1
-5.7
-0.9
4.1
3.5
1.5
0.9
-1.7
-6.4
-23.2
9,860
Apr-20
15.4
12.7
11.6
12.1
13.9
12.0
14.7
15.5
8.2
16.2
11.8
14.3
14.7
9.9
12.5
12.1
15.3
13.3
11.6
20.9
13.3
14.7
12M Chg
(INRb) (%)
174
11.0
-229
-15.6
-100
-7.9
-221
-20.9
-9
-1.3
-174
-20.5
148
33.1
29
5.2
-124
-24.7
116
49.7
-44
-11.8
-77
-20.9
-15
-6.9
-26
-12.5
-34
-17.7
-25
-13.7
21
23.8
15
15.8
-9
-16.5
-3
-7.6
-589
-5.6
-16.1
Cash
Holding (%)
6.1
4.1
5.9
2.8
2.4
6.3
12.1
7.4
7.1
2.7
8.1
2.7
7.9
7.6
4.3
3.6
2.2
4.3
2.5
9.2
5.5
Note:
Equity value represents equity exposure for all mutual fund schemes (including balanced and other schemes).
Cash is derived by deducting equity AUM from total AUM; Only equity growth schemes have been considered for cash.
Fund Folio: Indian Mutual Fund Tracker | May 2020
6
 Motilal Oswal Financial Services
Sector-wise weight:
MoM increase seen in Healthcare, Oil and Gas and Automobiles
In Apr’20, MFs showed interest in Healthcare, Oil and Gas, Automobiles, Chemicals, Metals and Telecom, which led to MoM increase in weight.
Consumer, PSU Banks, Capital Goods, Technology, Retail, Private Banks, Utilities, NBFCs and Media saw MoM decrease in weight.
Private Banks (18%) was the top sector holding in Apr’20, followed by Oil & Gas (9.1%), Consumer (8.8%) and Technology (8.7%).
Media and PSU Banks witnessed decline in value MoM.
Sector value change MoM (%):
Media and PSU
MFs v/s BSE-200 weight (%):
Consumer u/w and
Automobiles see highest rise MoM
Sector allocation (%):
Healthcare, Oil & Gas and
Banks saw decline MoM
Capital Goods o/w
Fund Folio: Indian Mutual Fund Tracker | May 2020
7
 Motilal Oswal Financial Services
Sectoral allocation of funds:
Healthcare, Capital Goods and Cement over-owned
Top sectors where ownership of mutual funds vis-à-vis BSE-200 is at least 1% higher:
Healthcare (14 funds over-owned), Capital Goods (14 funds
over-owned), Cement (8 funds over-owned), Automobiles (7 funds over-owned) and Retail (7 funds over-owned).
Top sectors where ownership of mutual funds vis-à-vis BSE-200 is at least 1% lower:
Technology (18 funds under-owned), NBFCs (18 funds under-
owned), Consumer (16 funds under-owned), Oil and Gas (16 funds under-owned) and Private Banks (12 funds under-owned).
Sector-wise allocation of funds v/s BSE-200 (%)
Aditya
BSE200 Birla Sun
Life
Auto
5.6
4.4
Banks PVT
19.2
19.8
Banks PSU
1.6
1.3
Cap. Goods
3.2
7.2
Cement
2.1
4.1
Chemicals
1.1
3.9
Consumer
13.2
9.9
Healthcare
6.2
12.9
Infra
0.5
0.4
Media
0.2
0.9
Metals
1.9
1.2
NBFC
11.6
8.0
Oil & Gas
12.0
6.1
Real Estate
0.4
0.2
Retail
1.3
1.3
Technology
12.1
7.6
Telecom
2.3
3.5
Textiles
0.4
0.3
2.8
Utilities
2.7
Sector
Axis
5.9
17.9
0.1
1.8
2.7
5.1
10.9
6.9
0.1
0.1
0.2
15.2
3.1
0.2
8.5
12.6
2.8
0.4
1.7
BNP
Canara
Paribas Robeco
6.2
17.9
0.6
3.6
4.3
2.1
9.8
7.8
0.1
1.9
2.6
10.4
9.4
0.3
3.5
10.7
4.5
0.3
2.1
5.4
17.2
6.3
2.8
4.3
12.6
11.7
0.1
DSP
6.2
17.4
1.0
7.2
5.1
6.9
5.8
10.7
0.7
0.3
2.1
8.9
4.3
1.5
1.8
4.1
4.4
2.5
1.6
Franklin
ICICI
Kotak
HDFC
IDFC Invesco
Templeton
Pru
Mahindra
7.3
20.2
3.8
5.0
7.9
3.2
5.1
5.1
0.6
0.7
1.6
3.7
9.0
1.3
1.1
7.3
6.0
0.8
4.4
3.1
14.9
6.5
8.7
1.5
4.1
6.3
7.5
0.9
0.4
2.8
7.9
10.7
0.2
0.6
7.9
1.0
0.2
9.7
7.6
5.9
15.4 14.6
2.3 1.1
3.7
8.0
1.5
4.6
1.5
4.1
7.5 8.0
8.1 9.8
0.6 0.8
0.8 0.2
4.6
1.9
6.2 7.9
9.8 6.0
0.4 0.4
1.6
2.5
9.4 8.8
6.8 4.1
0.1 0.7
8.7
1.3
8.7
18.3
0.3
3.5
1.6
2.2
7.2
11.2
0.9
0.1
1.3
7.6
11.7
0.6
1.6
9.7
3.6
2.8
5.2
20.8
2.8
7.1
6.6
3.1
7.3
4.8
0.2
0.1
1.8
7.1
12.7
0.3
0.5
7.9
1.5
3.0
0.8
L&T
3.9
11.0
1.0
7.7
5.2
6.8
8.9
12.4
0.9
0.0
2.4
7.1
6.4
1.9
2.6
7.4
3.2
1.5
0.5
Mirae
7.4
20.5
3.0
8.1
1.1
1.0
11.0
10.3
0.0
0.3
8.3
11.8
0.0
1.5
9.3
0.3
1.1
1.8
Motilal Nippon
Principal SBI Sundaram TATA UTI
Oswal India
8.6
18.3
0.1
2.5
1.1
0.5
15.4
4.5
0.0
0.0
0.0
20.0
7.0
0.5
4.8
9.9
0.0
0.7
0.0
5.8
15.7
4.0
9.1
1.3
2.5
6.3
9.0
0.4
0.3
2.9
6.1
10.4
0.5
1.2
5.0
1.9
0.7
10.8
7.1
17.0
1.5
6.5
3.1
6.0
9.7
7.3
0.0
0.7
1.5
7.2
9.3
0.0
2.1
7.8
1.9
1.9
0.8
5.1
22.8
2.9
4.9
2.9
1.6
10.4
6.0
0.1
0.2
1.2
9.4
10.3
0.4
1.0
10.3
3.3
1.1
2.5
6.4
10.8
0.1
9.5
4.8
4.6
17.4
7.9
0.2
0.8
0.1
8.9
5.3
0.3
3.7
3.8
2.9
0.5
0.8
6.4
7.8
18.6 17.8
2.3 1.4
4.7
3.8
2.9 2.4
3.7 2.4
13.3 11.0
6.7
8.8
0.3 0.2
0.5 0.2
0.5 1.3
9.4 9.4
12.7 8.4
0.3 0.4
1.5 1.9
7.3 13.1
2.3 3.0
0.1 0.9
1.0 2.3
7.4
10.0
0.1
4.9
7.0
3.3
0.0
0.3
Note:
Green box
indicates over-ownership by +1% and
Orange
box indicates under-ownership by -1% of a sector vis-a-vis BSE200 weight.
Fund Folio: Indian Mutual Fund Tracker | May 2020
8
 Motilal Oswal Financial Services
Nifty-50 snapshot:
MFs net buyers in 44% stocks
Highest net buying in Apr’20 MoM was witnessed in Wipro (+23.7%), Hero Moto (+13.6%), Eicher Motors (+12.7%), UPL (+10.1%) and UltraTech (+5.5%).
Company
Wipro
Hero MotoCorp
Eicher Motors
UPL
UltraTech Cement
Bharti Infratel
Adani Ports & SEZ
Britannia Inds
Titan Company
Maruti Suzuki
NTPC
TCS
Bajaj Auto
Tata Steel
Coal India
SBI
Bharti Airtel
Vedanta
Hindalco
BPCL
Shree Cement
Infosys
IOC
Dr Reddys Labs.
ICICI Bank
HUL
Bajaj Finance
Reliance Inds.
GAIL
HDFC
Value Apr- Value Chg
Shares
20 (INR B) MoM (%) Apr-20 (M)
18.8
36.9
38.8
14.4
80.7
6.4
24.4
39.0
49.7
117.7
192.7
195.8
23.2
48.3
88.0
231.0
297.2
36.9
45.4
88.7
60.0
414.3
49.3
56.3
538.3
130.6
111.3
485.5
50.4
312.5
20.1
54.2
26.6
41.6
14.9
14.2
20.7
22.5
7.0
28.4
16.0
13.0
32.8
10.3
7.9
-1.6
18.2
40.2
37.5
18.0
13.6
11.7
3.1
26.0
16.5
-5.3
3.6
30.4
23.8
16.1
98.5
17.0
2.6
34.2
22.8
37.0
84.3
12.3
51.2
22.0
2,027.1
97.2
8.9
168.1
592.5
1,212.4
577.9
411.8
349.0
239.8
3.0
579.0
585.9
14.3
1,416.1
59.5
48.0
331.1
526.9
163.1
Shares Chg
MoM (%)
23.7
13.6
12.7
10.1
5.5
4.7
4.5
4.0
3.0
2.7
2.7
2.4
2.4
2.0
1.7
1.6
1.4
1.3
1.1
1.0
0.9
0.1
0.0
-0.1
-0.8
-0.8
-0.9
-1.0
-1.0
-1.1
Number of Funds
Having Exposure
>2%
<2%
19
20
18
19
16
18
18
18
20
16
16
11
19
19
16
12
6
19
18
18
20
1
17
20
1
13
16
1
19
6
Company
ONGC
Kotak Mah. Bank
Cipla
HDFC Bank
Sun Pharma
Power Grid
M&M
Axis Bank
Grasim Inds
Nestle India
L&T
Bajaj Finserv
ITC
Tata Motors
Asian Paints
HCL Tech.
Tech Mahindra
IndusInd Bank
JSW Steel
Zee Entertainment
Value Apr- Value Chg Shares Apr- Shares Chg
20 (INR B) MoM (%)
20 (M)
MoM (%)
68.8
227.7
78.0
652.6
119.1
84.4
44.6
243.4
29.7
68.0
225.5
29.8
209.7
16.9
68.1
74.3
39.4
29.6
7.6
5.2
15.3
3.1
37.2
14.3
29.3
-0.3
25.3
14.0
2.5
6.2
6.5
4.9
-0.1
23.5
-1.4
15.3
-11.8
18.8
7.2
-4.5
860.4
167.8
132.3
651.4
256.5
520.9
121.7
547.0
58.8
3.8
251.2
5.8
1,151.8
181.0
38.7
136.6
72.1
63.3
42.3
32.6
-1.5
-1.5
-1.6
-1.7
-1.9
-2.1
-2.6
-2.9
-3.4
-3.4
-4.1
-5.7
-5.8
-5.9
-6.6
-7.4
-8.7
-10.9
-13.2
-25.7
1
4
1
4
4
9
2
7
14
1
1
19
1
19
7
4
19
14
Number of Funds
Having Exposure
>2%
<2%
2
16
11
9
1
18
20
2
17
2
18
20
13
7
19
1
19
6
14
19
7
13
18
2
18
19
19
19
19
19
MFs’ weight in Nifty (%)
Fund Folio: Indian Mutual Fund Tracker | May 2020
9
 Motilal Oswal Financial Services
Top schemes and NAV change:
All top-25 schemes close higher
Among the top-25 schemes by AUM, those registering the highest increase were
ICICI Pru Value Discovery Fund (+16% MoM change in NAV),
Mirae Asset Emerging Bluechip Fund (+15.4% MoM), Aditya Birla SL Equity Fund (+14.9% MoM), Nippon India Small Cap Fund (+14.9% MoM) and
SBI BlueChip Fund (+14.1% MoM).
Top schemes by AUM
Scheme Name
Kotak Standard Multicap Fund (G)
ICICI Pru Bluechip Fund (G)
SBI BlueChip Fund (G)
AXIS Long Term Equity Fund (G)
HDFC Mid-Cap Opportunities Fund (G)
HDFC Equity Fund - (G)
Aditya Birla SL Frontline Equity Fund (G)
Mirae Asset Large Cap Fund (G)
HDFC Top 100 Fund (G)
ICICI Pru Value Discovery Fund (G)
AXIS Bluechip Fund (G)
Motilal Oswal Multicap 35 Fund (G)
Aditya Birla SL Equity Fund (G)
Nippon India Large Cap Fund (G)
AXIS Focused 25 Fund (G)
Aditya Birla SL Tax Relief '96 (G)
UTI-Equity Fund (G)
Mirae Asset Emerging Bluechip Fund (G)
Franklin India Equity Fund - (G)
Nippon India Tax Saver (ELSS) Fund - (G)
SBI Focused Equity Fund (G)
SBI Magnum Multicap Fund (G)
Nippon India Multi Cap Fund (G)
Nippon India Small Cap Fund (G)
Franklin India Focused Equity Fund (G)
Total AUM (INR B)
260
218
198
196
185
182
165
153
148
136
127
102
99
99
95
94
92
88
85
80
80
79
75
70
70
Equity AUM (INR B)
236
204
188
188
171
181
154
150
147
129
105
100
91
98
87
91
90
85
81
79
69
77
74
67
65
MoM NAV Chg (%)
12.6
14.0
14.1
10.7
12.5
13.6
14.0
14.1
13.4
16.0
8.4
12.3
14.9
12.7
11.2
12.9
12.5
15.4
13.5
12.0
9.1
12.9
10.0
14.9
13.4
12M NAV Chg (%)
-14.6
-15.0
-13.9
-3.9
-19.4
-22.9
-16.9
-14.0
-22.3
-16.1
-2.1
-15.6
-15.2
-23.2
-5.9
-11.1
-8.3
-8.4
-21.3
-27.4
-7.8
-14.8
-27.7
-21.4
-20.6
Note:
Equity growth schemes considered for this comparison
Fund Folio: Indian Mutual Fund Tracker | May 2020
10
 Motilal Oswal Financial Services
Value surprise:
Maximum MoM change in Reliance Industries, HDFC Bank and ICICI Bank
In Apr’20, stocks that saw maximum increase in value MoM were Reliance Industries, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, HDFC, Axis Bank,
Sun Pharma, NTPC and Maruti Suzuki.
Stocks that saw maximum decline in value MoM were HUL, Tech Mahindra, Aditya Birla Fashion, RBL Bank, SBI, SBI Cards and Payment, BOB, PVR,
Interglobe Aviation and Thermax.
Value Apr-20
(INR B)
485.5
652.6
538.3
297.2
414.3
312.5
243.4
119.1
192.7
117.7
Value Chg MoM
(INR B)
113.1
81.6
76.3
45.8
43.3
43.3
29.8
27.0
26.6
26.0
Value Chg MoM
(%)
30.4
14.3
16.5
18.2
11.7
16.1
14.0
29.3
16.0
28.4
Shares
Apr-20 (M)
331.1
651.4
1,416.1
577.9
579.0
163.1
547.0
256.5
2,027.1
22.0
Shares Chg
MoM (M)
-3.2
-11.1
-10.9
7.7
0.6
-1.8
-16.4
-5.0
53.9
0.6
Shares Chg
MoM (%)
-1.0
-1.7
-0.8
1.4
0.1
-1.1
-2.9
-1.9
2.7
2.7
Price Chg
MoM (%)
31.9
16.2
17.1
16.7
11.9
17.6
17.2
32.0
13.2
25.0
Top-10 stocks by change in value
Company
Reliance Industries
HDFC Bank
ICICI Bank
Bharti Airtel
Infosys
HDFC
Axis Bank
Sun Pharma
NTPC
Maruti Suzuki
% AUM
4.9
6.6
5.5
3.0
4.2
3.2
2.5
1.2
2.0
1.2
Bottom-10 stocks by change in value
Company
HUL
Tech Mahindra
Aditya Birla Fashion
RBL Bank
SBI
SBI Cards & Payment
BOB
PVR
Interglobe Aviation
Thermax
Value Apr-20
(INR B)
130.6
39.4
16.4
9.4
231.0
14.0
22.3
9.3
30.3
11.2
Value Chg MoM
(INR B)
-7.3
-5.3
-5.0
-4.4
-3.8
-2.9
-2.6
-2.5
-2.3
-2.2
Value Chg MoM
(%)
-5.3
-11.8
-23.4
-31.9
-1.6
-17.2
-10.5
-21.2
-7.1
-16.5
Shares
Apr-20 (M)
59.5
72.1
142.2
70.9
1,212.4
23.3
453.8
9.1
30.5
15.5
Shares Chg
MoM (M)
-0.5
-6.9
1.8
-30.6
19.6
-3.9
-12.1
-0.8
-0.2
-2.7
Shares Chg
MoM (%)
-0.8
-8.7
1.3
-30.2
1.6
-14.5
-2.6
-7.9
-0.5
-14.8
Price Chg
MoM (%)
-4.5
-3.3
-24.5
-2.7
-3.3
-3.1
-8.1
-14.5
-6.9
-1.9
% AUM
1.3
0.4
0.2
0.1
2.3
0.1
0.2
0.1
0.3
0.1
Fund Folio: Indian Mutual Fund Tracker | May 2020
11
 Motilal Oswal Financial Services
SBI
HDFC
ICICI Prudential
Nippon India
Aditya Birla Sun Life
UTI
Axis
Kotak Mahindra
Franklin Templeton
Mirae Asset
DSP
L&T
Tata
IDFC
Sundaram
Motilal Oswal
Invesco
Canara Robeco
Principal
BNP Paribas
Fund Folio: Indian Mutual Fund Tracker | May 2020
IN ORDER OF EQUITY AUM, CLICK ON THE FUND NAME FOR DETAILS
FUNDS
SNAPSHOT
12
 Motilal Oswal Financial Services
SBI:
Equity AUM INR1747b
Top company holdings (%)
Apr-20
HDFC Bank
RIL
ICICI Bank
HDFC
Infosys
Kotak M Bank
ITC
TCS
Axis Bank
Bharti Airtel
5.5
5.1
4.6
3.7
3.3
3.2
3.1
3.1
Chg MoM (pp)
9.8
0.0
7.5
1.1
0.1
0.1
-0.1
-0.5
0.0
-0.1
0.0
0.0
HDFC:
Equity AUM INR1238b
Top company holdings (%)
Apr-20
ICICI Bank
RIL
Infosys
SBI
L&T
ITC
HDFC Bank
NTPC
HDFC
Power Grid
5.7
5.4
5.0
4.8
4.2
4.1
3.3
2.9
2.6
Chg MoM (pp)
7.1
0.5
0.5
-0.8
-0.8
-0.1
-0.4
0.1
0.1
0.1
-0.2
Banks Pvt
Oil & Gas
Utilities
Cap Goods
Technology
NBFC
Healthcare
Banks PSU
Consumer
Chemicals
3.7
22.8
-0.4
10.4
10.3
10.3
9.4
6.0
5.1
4.9
3.3
2.9
-0.9
-0.2
1.2
0.0
0.8
0.4
-0.1
0.0
-0.5
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Consumer
Technology
Oil & Gas
NBFC
Healthcare
Auto
Cap Goods
Telecom
Banks PSU
Chg MoM (pp)
Top sector allocation (%)
Weight (%)
Chg MoM (pp)
14.9
0.9
0.9
10.7
-0.2
9.7
-0.2
8.7
-1.3
7.9
-0.2
7.9
1.0
7.5
-1.1
6.5
6.3
-0.6
0.3
Top change by market value
Company
RIL
HDFC Bank
ICICI Bank
HDFC
Infosys
ITC
Axis Bank
Bharti Airtel
Sun Pharma
Maruti Suzuki
Mkt Value Shares Chg
Chg (INR b)
('000)
33.99
2,370
23.13
-941
14.39
919
13.07
-32
8.59
474
8.23
29,078
7.99
-388
7.03
-1,807
6.40
7,096
6.35
393
Top change in weight (%)
Company
RIL
Sun Pharma
Dr Reddys Lab
Maruti Suzuki
Page Inds
Avenue Super.
Cipla
ICICI Bank
HCL Tech
Muthoot Fin.
Top change by market value
Company
ICICI Bank
RIL
Aurobindo
HDFC Bank
Axis Bank
L&T
NTPC
HDFC
Aarti Inds
BPCL
Chg MoM Current
(pp)
Weight
1.10
7.46
0.28
0.92
0.22
0.76
0.21
1.33
0.20
0.60
0.13
0.43
0.12
0.59
0.11
5.45
0.11
1.44
0.09
0.22
MoM NAV
Chg (%)
22.7
14.6
14.1
14.0
13.6
Mkt Value Shares Chg
Chg (INR b)
('000)
15.15
6,374
13.39
-3,133
10.92
-56
7.25
276
6.72
6,306
5.84
-62
5.43
8,859
5.22
-96
4.64
0
4.52
2,031
Top change in weight (%)
Company
Aurobindo
RIL
ICICI Bank
Axis Bank
Aarti Inds
CESC
Bharti Airtel
Vedanta
Lupin
Cipla
Chg MoM Current
(pp)
Weight
0.66
2.60
0.50
5.67
0.47
7.12
0.31
2.36
0.27
1.23
0.18
0.63
0.17
0.79
0.15
0.70
0.15
0.78
0.15
1.06
MoM NAV
Chg (%)
14.4
14.2
13.6
13.4
12.5
Top scheme by NAV change
Scheme Name
SBI Healthcare Opportunities Fund (G)
SBI Long Term Equity Fund (G)
SBI BlueChip Fund (G)
SBI Magnum Midcap Fund (G)
SBI Large & Midcap Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
11.0
10.8
62.1
58.1
197.9
187.6
29.4
28.4
24.6
23.8
Top scheme by NAV change
Scheme Name
HDFC Tax Saver Fund (G)
HDFC Growth Opportunities Fund (G)
HDFC Equity Fund - (G)
HDFC Top 100 Fund (G)
HDFC Mid-Cap Opportunities Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
58.4
57.2
11.5
11.1
182.1
181.1
148.3
146.9
184.6
170.7
Fund Folio: Indian Mutual Fund Tracker | May 2020
13
 Motilal Oswal Financial Services
ICICI Prudential:
Equity AUM INR1170b
Top company holdings (%)
Apr-20
Bharti Airtel
NTPC
HDFC Bank
ICICI Bank
Infosys
ITC
Sun Pharma
RIL
ONGC
Axis Bank
3.4
3.2
2.8
2.6
2.6
Chg MoM (pp)
6.7
6.0
5.4
5.4
5.0
0.1
0.1
0.1
0.4
0.1
-0.8
0.4
0.3
0.1
0.2
Banks Pvt
Oil & Gas
Technology
Utilities
Healthcare
Auto
Consumer
Telecom
NBFC
Metals
Nippon India:
Equity AUM INR834b
Top company holdings (%)
Apr-20
HDFC Bank
ICICI Bank
Coal India
NTPC
RIL
SBI
ONGC
Infosys
Axis Bank
Power Grid
15.4
0.7
0.4
0.0
-0.6
0.8
0.7
-1.8
0.1
0.2
0.6
Chg MoM (pp)
5.6
-0.6
4.8
3.5
3.4
3.4
3.1
3.0
2.9
2.7
2.4
-0.1
0.0
0.4
0.3
-0.5
0.1
0.1
0.1
-0.2
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Chg MoM (pp)
Top sector allocation (%)
Weight (%)
Banks Pvt
Utilities
Oil & Gas
Cap Goods
Healthcare
Consumer
NBFC
Auto
Technology
Banks PSU
Chg MoM (pp)
-0.7
15.7
0.3
10.8
0.8
10.4
-0.7
9.1
1.1
9.0
-0.4
6.3
0.2
0.6
-0.1
-0.8
9.8
9.4
8.7
8.1
7.6
7.5
6.8
6.2
4.6
6.1
5.8
5.0
4.0
Top change by market value
Company
ICICI Bank
Bharti Airtel
NTPC
HDFC Bank
Sun Pharma
Infosys
RIL
Hindalco
Axis Bank
Cipla
Mkt Value Shares Chg
Chg (INR b)
('000)
10.24
2,678
8.72
-5,493
7.86
-1,574
7.59
-1,457
7.53
-3,948
6.92
1,417
6.71
-1,078
6.45
1,176
5.68
3,000
5.57
-4,843
Top change in weight (%)
Company
Hindalco
Sun Pharma
ICICI Bank
RIL
Cipla
Motherson Sumi
Vedanta
Axis Bank
M&M
HDFC
Chg MoM Current
(pp)
Weight
0.38
2.04
0.35
3.16
0.35
5.40
0.31
2.81
0.26
2.30
0.24
1.21
0.24
1.39
0.24
2.63
0.23
1.31
0.16
1.85
MoM NAV
Chg (%)
26.6
18.6
16.0
14.6
14.3
Top change by market value
Company
NTPC
RIL
Sun Pharma
ICICI Bank
ONGC
Bharti Airtel
Infosys
HUL
HPCL
Coal India
Mkt Value Shares Chg
Chg (INR b)
('000)
6.30
35,886
5.39
-1,284
4.18
1,480
3.63
-7,227
3.55
-1,452
3.29
2,544
3.21
1,088
2.98
1,425
2.97
7,801
2.88
8,734
Top change in weight (%)
Company
NTPC
Sun Pharma
RIL
HUL
HPCL
Aurobindo
Bharti Airtel
SAIL
CESC
Colgate
Chg MoM Current
(pp)
Weight
0.43
3.44
0.34
1.81
0.31
3.40
0.31
0.76
0.24
1.30
0.24
0.66
0.22
1.82
0.20
0.66
0.20
0.21
0.18
0.22
MoM NAV
Chg (%)
25.3
18.1
14.9
13.3
12.7
Top scheme by NAV change
Scheme Name
ICICI Pru P.H.D Fund (G)
ICICI Pru Value Fund - Series 19 - Regular (G)
ICICI Pru Value Discovery Fund (G)
ICICI Pru Long Term Equity Fund - (G)
ICICI Pru Multicap Fund - (G)
Total AUM Equity AUM
(INR B)
(INR B)
14.3
13.3
15.4
13.9
136.0
129.4
55.6
52.2
48.6
46.2
Top scheme by NAV change
Scheme Name
Nippon India Pharma Fund (G)
Nippon India Focused Equity Fund (G)
Nippon India Small Cap Fund (G)
Nippon India Value Fund (G)
Nippon India Large Cap Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
28.5
27.5
33.2
30.6
69.9
67.0
24.6
23.2
98.6
98.2
Fund Folio: Indian Mutual Fund Tracker | May 2020
14
 Motilal Oswal Financial Services
Aditya Birla Sun Life:
Equity AUM INR673b
Top company holdings (%)
Apr-20
HDFC Bank
ICICI Bank
RIL
Infosys
Bharti Airtel
HDFC
Kotak M Bank
Pfizer
Axis Bank
Honeywell Autom.
Chg MoM (pp)
6.6
0.0
6.1
0.5
4.6
3.8
3.5
3.4
3.1
2.4
2.3
2.0
0.5
0.1
0.3
0.3
-0.1
0.2
-0.1
0.0
UTI:
Equity AUM INR673b
Top company holdings (%)
Apr-20
HDFC Bank
Infosys
RIL
HDFC
ICICI Bank
TCS
Bharti Airtel
Kotak M Bank
ITC
HUL
3.4
2.9
2.6
2.5
2.2
Chg MoM (pp)
7.1
5.5
5.4
5.0
4.7
0.3
-0.1
0.7
0.1
0.1
-0.1
0.1
-0.1
-0.4
0.1
Banks Pvt
Technology
Consumer
NBFC
Healthcare
Oil & Gas
Auto
Cap Goods
Telecom
Cement
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Healthcare
Consumer
NBFC
Technology
Cap Goods
Oil & Gas
Auto
Cement
Chemicals
Chg MoM (pp)
19.8
0.4
0.8
12.9
-1.4
9.9
0.2
-0.6
-0.5
0.4
0.4
0.1
0.4
Top sector allocation (%)
Weight (%)
Chg MoM (pp)
17.8
0.2
13.1
-0.2
-1.4
11.0
0.1
9.4
0.6
8.8
0.9
8.4
0.5
7.9
-0.2
3.8
0.1
3.0
-0.1
2.4
8.0
7.6
7.2
6.1
4.4
4.1
3.9
Top change by market value
Company
ICICI Bank
RIL
HDFC Bank
Bharti Airtel
HDFC
Infosys
Pfizer
Cipla
Bayer Crop
HDFC Life
Mkt Value Shares Chg
Chg (INR b)
('000)
7.39
3,948
6.36
-1,021
4.83
-1,545
4.58
2,729
4.36
600
3.15
792
2.95
0
2.46
-1,263
2.33
10
2.05
3,936
Top change in weight (%)
Company
RIL
ICICI Bank
Bharti Airtel
HDFC
HDFC Life
Cipla
Pfizer
Bayer Crop
Hero Moto
UltraTech
Chg MoM Current
(pp)
Weight
0.50
4.64
0.49
6.12
0.34
3.52
0.32
3.40
0.29
0.38
0.22
1.57
0.20
2.44
0.18
1.73
0.17
0.43
0.16
1.34
MoM NAV
Chg (%)
14.9
14.0
13.9
13.8
13.7
Top change by market value
Company
RIL
HDFC Bank
ICICI Bank
HDFC
Infosys
Bharti Airtel
Maruti Suzuki
TCS
HUL
Axis Bank
Mkt Value Shares Chg
Chg (INR b)
('000)
8.30
-325
7.37
769
4.69
-49
4.65
-188
3.86
71
2.73
-216
2.61
-4
2.40
149
2.12
1,222
2.01
-269
Top change in weight (%)
Company
RIL
HDFC Bank
Maruti Suzuki
Hero Moto
ICICI Bank
Cipla
P I Inds
Sun Pharma
Dr Reddys Lab
Motherson Sumi
Chg MoM Current
Weight
(pp)
0.66
5.35
0.25
7.14
0.17
1.95
0.14
0.71
0.14
4.72
0.13
0.74
0.11
0.67
0.10
1.40
0.10
0.69
0.10
0.37
MoM NAV
Chg (%)
13.8
13.6
13.0
13.0
12.5
Top scheme by NAV change
Scheme Name
Aditya Birla SL Equity Fund (G)
Aditya Birla SL Frontline Equity Fund (G)
Aditya Birla SL Equity Advantage Fund (G)
Aditya Birla SL Focused Equity Fund (G)
Aditya Birla SL Pure Value Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
98.6
91.4
164.9
154.3
39.0
38.3
36.6
32.7
31.7
28.2
Top scheme by NAV change
Scheme Name
UTI-Value Opportunities Fund (G)
UTI-Mastershare (G)
UTI-Mid Cap Fund (G)
UTI-Long Term Equity Fund (G)
UTI-Equity Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
37.6
36.6
56.1
54.6
31.8
30.5
11.4
11.2
91.9
89.6
Fund Folio: Indian Mutual Fund Tracker | May 2020
15
 Motilal Oswal Financial Services
Axis:
Equity AUM INR595b
Top company holdings (%)
Apr-20
Avenue Super.
HDFC Bank
Kotak M Bank
TCS
Bajaj Finance
HDFC
Nestle India
ICICI Bank
Maruti Suzuki
Pidilite Inds
3.8
3.7
3.1
3.1
Chg MoM (pp)
7.6
-1.0
0.7
6.7
6.6
6.3
5.1
5.1
-0.5
0.4
-0.4
-0.3
-0.1
-0.8
0.5
0.0
Kotak Mahindra
:
Equity AUM INR587b
Top company holdings (%)
Apr-20
HDFC Bank
RIL
ICICI Bank
Infosys
Axis Bank
TCS
L&T
Kotak M Bank
SBI
HDFC
Chg MoM (pp)
6.7
-0.2
6.7
0.5
6.2
3.8
3.6
3.0
2.9
2.9
2.6
2.4
0.1
0.3
-0.3
-0.1
0.1
-0.3
-0.2
-0.1
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
NBFC
Technology
Consumer
Retail
Healthcare
Auto
Chemicals
Oil & Gas
Telecom
Chg MoM (pp)
17.9
-1.2
15.2
-1.2
0.4
12.6
-0.8
10.9
8.5
6.9
5.9
5.1
3.1
2.8
-1.2
1.9
0.9
0.2
0.9
0.3
Top sector allocation (%)
Weight (%)
Banks Pvt
Oil & Gas
Technology
Consumer
Cap Goods
NBFC
Cement
Auto
Healthcare
Chemicals
7.9
7.3
7.1
7.1
6.6
5.2
4.8
3.1
Chg MoM (pp)
20.8
-1.0
0.7
12.7
-0.2
-0.6
-0.2
-0.2
0.1
0.6
0.6
-0.1
Top change by market value
Company
HDFC Bank
TCS
RIL
Divis Lab
Maruti Suzuki
Dr Reddys Lab
Bharti Airtel
Info Edge
Infosys
Torrent Pharma
Mkt Value Shares Chg
Chg (INR b)
('000)
8.94
3,949
6.66
1,740
5.86
2,108
5.27
1,292
4.90
270
4.20
942
3.82
3,356
3.41
-49
2.80
1,775
2.74
1,069
Top change in weight (%)
Company
RIL
HDFC Bank
Dr Reddys Lab
Divis Lab
Maruti Suzuki
Motherson Sumi
Torrent Pharma
TCS
Bharti Airtel
Info Edge
Chg MoM Current
(pp)
Weight
0.77
2.46
0.74
6.67
0.66
1.02
0.56
3.09
0.48
3.15
0.45
0.51
0.43
0.67
0.36
6.27
0.33
2.76
0.23
2.93
MoM NAV
Chg (%)
11.2
11.1
10.9
10.7
8.4
Top change by market value
Company
RIL
ICICI Bank
Infosys
HDFC Bank
SRF
L&T
Hero Moto
UltraTech
IGL
Cadila Health
Mkt Value Shares Chg
Chg (INR b)
('000)
7.62
-1,597
5.56
473
4.60
3,546
4.26
-1,402
2.67
-1
2.67
1,220
2.34
572
2.24
336
1.77
-463
1.69
1,344
Top change in weight (%)
Company
RIL
Hero Moto
Infosys
SRF
Titan Co.
Maruti Suzuki
HDFC Life
Lupin
Cipla
HPCL
Chg MoM Current
(pp)
Weight
0.47
6.66
0.32
0.92
0.31
3.84
0.25
1.81
0.22
0.43
0.21
0.68
0.18
0.91
0.17
0.62
0.17
0.29
0.15
0.45
MoM NAV
Chg (%)
13.7
13.0
12.9
12.9
12.6
Top scheme by NAV change
Scheme Name
AXIS Focused 25 Fund (G)
AXIS Small Cap Fund (G)
AXIS Midcap Fund (G)
AXIS Long Term Equity Fund (G)
AXIS Bluechip Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
94.9
87.1
21.7
19.2
51.0
42.3
196.3
188.1
127.2
105.1
Top scheme by NAV change
Scheme Name
Kotak Focused Equity Fund (G)
Kotak Bluechip Fund (G)
Kotak Emerging Equity Fund (G)
Kotak Equity Opportunities (G)
Kotak Standard Multicap Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
14.9
14.2
14.1
13.4
59.1
57.3
29.8
27.6
260.5
236.4
Fund Folio: Indian Mutual Fund Tracker | May 2020
16
 Motilal Oswal Financial Services
Franklin:
Equity AUM INR377b
Top company holdings (%)
Apr-20
HDFC Bank
ICICI Bank
Bharti Airtel
Axis Bank
Infosys
SBI
NTPC
IOCL
ACC
UltraTech
2.4
2.2
2.1
2.1
Chg MoM (pp)
6.7
0.2
6.2
5.2
4.4
4.1
3.7
0.5
0.0
0.3
0.2
-0.1
0.1
-0.1
0.2
0.0
Mirae Asset:
Equity AUM INR349b
Top company holdings (%)
Apr-20
HDFC Bank
RIL
ICICI Bank
Infosys
Axis Bank
L&T
SBI
TCS
Maruti Suzuki
ITC
3.5
3.1
3.0
2.9
2.6
2.5
20.2
9.0
7.9
7.5
7.3
6.0
5.1
5.1
5.0
4.4
0.9
0.2
0.2
1.0
0.1
0.2
-0.5
-1.5
0.0
0.1
Chg MoM (pp)
8.6
0.4
7.8
5.8
4.8
0.6
0.2
0.2
0.3
-0.1
-0.6
0.0
0.1
-0.3
Weight (%)
Chg MoM (pp)
Weight (%)
Banks Pvt
Oil & Gas
Consumer
Healthcare
Technology
NBFC
Cap Goods
Auto
Banks PSU
Utilities
Back to
Snapshot
Chg MoM (pp)
20.5
1.0
0.6
-0.7
0.2
0.2
0.1
-0.7
0.1
-0.6
0.0
Top sector allocation (%)
Banks Pvt
Oil & Gas
Cement
Auto
Technology
Telecom
Consumer
Healthcare
Cap Goods
Utilities
Top sector allocation (%)
11.8
11.0
10.3
9.3
8.3
8.1
7.4
3.0
1.8
Top change by market value
Company
ICICI Bank
HDFC Bank
Axis Bank
Infosys
Bharti Airtel
Hero Moto
M&M
NTPC
ACC
BPCL
Mkt Value Shares Chg
Chg (INR b)
('000)
3.45
-1
2.50
-1,218
2.15
-883
1.70
163
1.54
-2,795
1.34
601
1.27
504
1.16
1,531
1.15
-300
1.09
202
Top change in weight (%)
Company
ICICI Bank
Hero Moto
M&M
Axis Bank
Hindalco
GAIL
HDFC Bank
BPCL
ACC
Infosys
Top change by market value
Company
RIL
HDFC Bank
ICICI Bank
Infosys
Axis Bank
IndusInd Bk
Maruti Suzuki
Tata Consumer
Chola.Inv.&Fn
Tata Chemicals
Chg MoM Current
(pp)
Weight
0.48
6.16
0.35
0.38
0.25
1.34
0.25
4.44
0.18
0.89
0.17
1.28
0.17
6.75
0.16
1.89
0.15
2.14
0.15
4.08
MoM NAV
Chg (%)
13.7
13.5
13.5
13.4
12.3
Mkt Value Shares Chg
Chg (INR b)
('000)
5.63
-807
5.47
1,468
3.52
1,547
2.78
1,648
2.69
2,251
1.63
1,787
1.55
-69
1.45
1,120
1.43
8,717
1.37
3,469
Top change in weight (%)
Company
RIL
HDFC Bank
Chola.Inv.&Fn
IndusInd Bk
Tata Chemicals
Axis Bank
ICICI Bank
Balkrishna Inds
Tata Consumer
Infosys
Chg MoM Current
(pp)
Weight
0.62
7.79
0.43
8.64
0.37
0.69
0.36
1.16
0.32
0.82
0.32
3.55
0.23
5.83
0.19
1.17
0.16
2.00
0.15
4.79
MoM NAV
Chg (%)
15.6
15.4
14.2
14.1
12.5
Top scheme by NAV change
Scheme Name
Franklin India Bluechip Fund - (G)
Franklin India Equity Advantage Fund (G)
Franklin India Equity Fund - (G)
Franklin India Focused Equity Fund (G)
Franklin India Prima Fund - (G)
Top scheme by NAV change
Total AUM Equity AUM
(INR B)
(INR B)
50.2
46.5
19.0
17.6
84.8
81.4
69.6
65.1
60.6
55.0
Scheme Name
Mirae Asset Tax Saver Fund (G)
Mirae Asset Emerging Bluechip Fund (G)
Mirae Asset Focused Fund (G)
Mirae Asset Large Cap Fund (G)
Mirae Asset Midcap Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
31.8
31.4
88.4
85.0
25.9
25.2
153.5
150.1
18.4
17.9
Fund Folio: Indian Mutual Fund Tracker | May 2020
17
 Motilal Oswal Financial Services
DSP
:
Equity AUM INR330b
Top company holdings (%)
Apr-20
HDFC Bank
ICICI Bank
Bharti Airtel
Ipca Lab
Atul
Coromandel Intl
Axis Bank
UltraTech
RIL
Bajaj Finance
2.8
2.2
2.2
2.2
2.0
2.0
2.0
Chg MoM (pp)
6.0
-0.5
5.5
0.2
4.4
0.4
-0.4
0.4
0.0
-0.5
0.0
-0.4
-0.6
L&T:
Equity AUM INR292b
Top company holdings (%)
Apr-20
RIL
HDFC Bank
ICICI Bank
Bharti Airtel
Infosys
IPCA Lab
HDFC
L&T
Ramco Cements
Kotak M Bank
3.4
3.2
2.7
2.2
2.0
2.0
2.0
1.9
Chg MoM (pp)
4.7
1.0
4.3
0.1
-0.1
0.0
0.0
0.2
-0.2
-0.5
-0.2
-0.1
Healthcare
Banks Pvt
Consumer
Cap Goods
Technology
NBFC
Chemicals
Oil & Gas
Cement
Auto
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Banks Pvt
Healthcare
NBFC
Cap Goods
Chemicals
Auto
Consumer
Cement
Telecom
Oil & Gas
Chg MoM (pp)
17.4
-1.8
10.7
8.9
7.2
6.9
6.2
5.8
5.1
4.4
4.3
-0.4
0.5
0.4
0.7
0.9
-1.9
0.2
0.4
-0.1
Top sector allocation (%)
Weight (%)
Chg MoM (pp)
12.4
2.6
11.0
-0.8
-0.4
8.9
-1.2
7.7
7.4
7.1
6.5
6.4
5.2
4.1
-0.2
-0.8
1.0
1.0
-0.4
0.4
Top change by market value
Company
Bharti Airtel
Manappuram Fin
ICICI Bank
Atul
Britannia
Muthoot Fin.
Bajaj Auto
Titan Co.
IGL
Hero Moto
Mkt Value Shares Chg
Chg (INR b)
('000)
2.70
1,448
2.49
10,122
2.41
-924
1.82
128
1.63
481
1.62
1,871
1.61
608
1.59
1,591
1.38
2,899
1.27
342
Top change in weight (%)
Company
Manappuram Fin
Muthoot Fin.
Bajaj Auto
Britannia
Titan Co.
IGL
Bharti Airtel
Atul
Hero Moto
Sun Pharma
Chg MoM Current
(pp)
Weight
0.66
1.58
0.49
0.50
0.49
0.51
0.47
0.67
0.44
0.84
0.42
0.42
0.40
4.37
0.35
2.24
0.33
0.83
0.30
0.52
MoM NAV
Chg (%)
15.1
14.7
14.6
14.3
13.7
Top change by market value
Company
RIL
Sun Pharma
HDFC Bank
Ipca Lab
Lupin
Maruti Suzui
Bharti Airtel
Divis Lab
Infosys
ICICI Bank
Mkt Value Shares Chg
Chg (INR b)
('000)
4.22
802
1.96
2,613
1.74
-13
1.41
369
1.29
1,140
1.26
172
1.25
-162
1.15
299
1.08
433
1.02
-1,379
Top change in weight (%)
Company
RIL
Sun Pharma
Lupin
Maruti Suzuki
Divis Lab
Ipca Lab
Aarti Inds
Cipla
Info Edge
Deepak Nitrite
Chg MoM Current
Weight
(pp)
0.97
4.75
0.56
1.48
0.40
0.72
0.37
0.89
0.27
1.29
0.24
2.19
0.22
1.06
0.22
0.23
0.18
0.19
0.18
0.99
MoM NAV
Chg (%)
16.4
15.4
14.7
13.6
13.2
Top scheme by NAV change
Scheme Name
DSP Focus Fund (G)
DSP Top 100 Equity Fund (G)
DSP Tax Saver Fund (G)
DSP Equity Opportunities Fund (G)
DSP Midcap Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
16.4
16.1
20.8
20.3
54.1
48.4
44.4
40.6
64.9
59.4
Top scheme by NAV change
Scheme Name
L&T India Value Fund (G)
L&T Equity Fund (G)
L&T Tax Advantage Fund (G)
L&T Large & Midcap Fund (G)
L&T Midcap Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
57.1
56.3
20.9
20.6
27.0
26.5
10.8
10.6
53.7
51.0
Fund Folio: Indian Mutual Fund Tracker | May 2020
18
 Motilal Oswal Financial Services
Tata:
Equity AUM INR203b
Top company holdings (%)
Apr-20
RIL
HDFC Bank
ICICI Bank
HDFC
Infosys
HUL
Bharti Airtel
Kotak M Bank
SBI
ITC
4.9
3.7
2.6
2.3
2.3
2.3
2.2
Chg MoM (pp)
0.8
8.6
7.5
6.7
0.2
0.4
0.2
0.1
-0.4
0.2
-0.2
-0.4
-0.2
IDFC:
Equity AUM INR182b
Top company holdings (%)
Apr-20
ICICI Bank
Infosys
Bharti Airtel
HDFC Bank
RIL
HDFC
Axis Bank
Sun Pharma
L&T
Lupin
1.9
1.7
1.6
3.4
3.4
2.8
Chg MoM (pp)
5.0
0.1
4.7
0.8
0.4
4.1
4.0
-0.4
0.0
0.0
-0.8
0.3
-0.2
1.0
Back to
Snapshot
Weight (%)
Chg MoM (pp)
14.6
9.8
8.8
8.0
8.0
7.9
6.0
5.9
4.6
4.1
-2.2
2.6
1.6
-0.4
-2.9
-0.1
0.6
-0.2
-0.1
0.5
Top sector allocation (%)
Weight (%)
Banks Pvt
Consumer
Oil & Gas
NBFC
Technology
Healthcare
Auto
Cap Goods
Chemicals
Cement
Chg MoM (pp)
18.6
0.1
-1.6
13.3
1.2
12.7
-0.2
9.4
0.0
7.3
1.1
6.7
-0.1
6.7
-0.3
4.7
0.4
3.4
0.3
2.9
Top sector allocation (%)
Banks Pvt
Healthcare
Technology
Cap Goods
Consumer
NBFC
Oil & Gas
Auto
Cement
Telecom
Top change by market value
Company
RIL
ICICI Bank
HDFC Bank
HDFC
Infosys
Bharti Airtel
P I Inds
Dr Reddys Lab
TCS
UltraTech
Mkt Value Shares Chg
Chg (INR b)
('000)
3.60
-534
2.42
1,270
2.29
190
1.62
91
1.08
479
0.99
720
0.91
204
0.63
42
0.62
123
0.61
122
Top change in weight (%)
Company
RIL
ICICI Bank
P I Inds
Eicher Motors
MGL
Bharti Airtel
Lupin
Dixon Tech
HDFC
HDFC Bank
Chg MoM Current
(pp)
Weight
0.77
8.58
0.39
6.65
0.33
1.25
0.28
0.35
0.27
0.37
0.22
2.32
0.21
0.52
0.21
0.21
0.19
4.89
0.19
7.49
MoM NAV
Chg (%)
15.5
15.2
13.0
13.0
12.0
Top change by market value
Company
Infosys
Lupin
Bharti Airtel
ICICI Bank
TCS
Aurobindo
Sun Pharma
Cipla
HDFC
RIL
Mkt Value Shares Chg
Chg (INR b)
('000)
2.04
1,810
1.89
1,751
1.41
811
1.03
-932
1.00
422
0.79
692
0.74
-264
0.61
960
0.60
-183
0.56
-836
Top change in weight (%)
Company
Lupin
Infosys
TCS
Bharti Airtel
Aurobindo
Cipla
Biocon
Vedanta
Sun Pharmac
HPCL
Chg MoM Current
(pp)
Weight
0.98
1.61
0.77
4.69
0.47
1.36
0.45
4.06
0.40
0.81
0.33
0.40
0.29
0.45
0.26
0.40
0.26
1.90
0.23
0.68
MoM NAV
Chg (%)
16.7
15.0
12.8
11.2
9.9
Top scheme by NAV change
Scheme Name
Tata Equity P/E Fund - (G)
Tata Large & Mid Cap Fund - Regular (G)
Tata Focused Equity Fund (G)
Tata India Tax Savings Fund (G)
Tata Multicap Fund - Regular (G)
Top scheme by NAV change
Total AUM Equity AUM
(INR B)
(INR B)
40.2
36.8
14.3
13.3
11.6
10.4
17.7
16.2
15.5
14.5
Scheme Name
IDFC Tax Advantage (ELSS) Fund (G)
IDFC Sterling Value Fund (G)
IDFC Core Equity Fund (G)
IDFC Focused Equity Fund (G)
IDFC Multi Cap Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
17.6
16.3
21.8
20.9
20.5
18.5
12.1
11.8
43.9
39.9
Fund Folio: Indian Mutual Fund Tracker | May 2020
19
 Motilal Oswal Financial Services
Invesco:
Equity AUM INR109b
Top company holdings (%)
Apr-20
HDFC Bank
RIL
ICICI Bank
Infosys
Bharti Airtel
Kotak M Bank
HDFC
Apollo Hospitals
United Spirits
Sun Pharma
4.5
3.6
3.5
3.0
2.8
2.1
2.0
Chg MoM (pp)
8.1
7.5
6.3
0.2
1.0
0.2
0.0
0.1
-0.1
0.1
0.2
-0.2
0.3
Banks Pvt
Oil & Gas
Healthcare
Technology
Auto
NBFC
Consumer
Telecom
Cap Goods
Utilities
Canara Robeco:
Equity AUM INR108b
Top company holdings (%)
Apr-20
HDFC Bank
RIL
ICICI Bank
Infosys
Bharti Airtel
HDFC
Divis Lab
Avenue Super
Kotak M Bank
Ipca Lab
3.9
3.3
2.8
2.6
2.5
2.4
2.3
Chg MoM (pp)
6.4
-0.4
6.3
5.7
0.8
-0.4
-0.2
0.8
0.0
0.0
-0.2
-1.1
0.2
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Chg MoM (pp)
18.3
-0.1
1.1
11.7
0.9
11.2
0.2
9.7
0.8
8.7
-1.9
7.6
-1.0
7.2
0.1
3.6
0.1
3.5
0.0
2.8
Top sector allocation (%)
Weight (%)
Banks Pvt
Consumer
Healthcare
Oil & Gas
NBFC
Technology
Cap Goods
Auto
Retail
Chemicals
Chg MoM (pp)
17.2
-3.1
0.4
12.6
11.7
10.0
7.4
7.0
6.3
5.4
4.9
4.3
0.4
0.9
-1.1
-0.3
0.0
1.5
-0.7
0.5
Top change by market value
Company
RIL
HDFC Bank
ICICI Bank
Infosys
SBI Card
TCS
Bharti Airtel
Apollo Hospitals
Maruti Suzuki
Sun Pharma
Mkt Value Shares Chg
Chg (INR b)
('000)
2.05
86
1.37
167
1.05
105
0.69
287
0.64
1,069
0.60
250
0.60
86
0.60
44
0.56
42
0.55
78
Top change in weight (%)
Company
RIL
SBI Cards
TCS
L&T Tech
Maruti Suzuki
Sun Pharma
Muthoot Finance
HDFC Bank
Apollo Hospitals
Jubilant Food
Top change by market value
Company
RIL
Bharti Airtel
Bata India
Maruti Suzuki
Hero Moto
Kansai Nerolac
Tata Consumer
Ipca Lab
L&T
HDFC Bank
Chg MoM Current
(pp)
Weight
1.03
7.49
0.59
0.59
0.42
1.42
0.37
0.99
0.33
1.77
0.28
2.00
0.28
1.23
0.22
8.06
0.22
2.76
0.17
1.08
MoM NAV
Chg (%)
15.0
14.7
13.6
12.2
12.2
Mkt Value Shares Chg
Chg (INR b)
('000)
1.55
-77
1.13
1,427
0.76
529
0.62
60
0.58
268
0.55
1,337
0.49
1,380
0.48
99
0.47
387
0.39
-666
Top change in weight (%)
Company
RIL
Bharti Airtel
Bata India
Hero Moto
Kansai Nerolac
Tata Consumer
Maruti Suzuki
L&T
HDFC Life
HDFC Asset Mgmt
Chg MoM Current
(pp)
Weight
0.79
6.31
0.76
3.26
0.66
1.02
0.54
0.54
0.51
0.51
0.45
0.45
0.43
1.71
0.30
1.49
0.22
0.26
0.21
0.84
MoM NAV
Chg (%)
12.9
12.9
12.5
12.4
12.2
Top scheme by NAV change
Scheme Name
Invesco India Contra Fund (G)
Invesco India Multicap Fund (G)
Invesco India Tax Plan (G)
Invesco India Growth Opportunities Fund (G)
Invesco India Midcap Fund (G)
Top scheme by NAV change
Total AUM Equity AUM
(INR B)
(INR B)
41.6
40.9
7.8
7.6
9.3
8.9
22.2
22.1
7.4
7.2
Scheme Name
Canara Robeco Small Cap Fund - Regular (G)
Canara Robeco Bluechip Equity Fund (G)
Canara Robeco Equity Tax Saver Fund (G)
Canara Robeco Emerging Equities (G)
Canara Robeco Equity Diversified Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
3.4
3.2
4.2
4.0
9.4
9.0
48.5
46.5
19.0
18.0
Fund Folio: Indian Mutual Fund Tracker | May 2020
20
 Motilal Oswal Financial Services
Sundaram:
Equity AUM INR157b
Top company holdings (%)
Apr-20
HDFC Bank
ICICI Bank
RIL
Tata Consumer
Bharti Airtel
Varun Bev.
HDFC
Ramco Cements
Trent
HUL
Chg MoM (pp)
3.6
0.2
3.3
0.2
3.1
0.3
2.9
2.7
2.3
2.2
2.1
2.1
2.0
0.3
0.5
0.3
0.1
-0.1
-0.2
-0.6
Motilal Oswal:
Equity AUM INR156b
Top company holdings (%)
Apr-20
HDFC Bank
HDFC Life
HDFC
TCS
Infosys
Maruti Suzuki
RIL
Kotak M Bank
Axis Bank
Eicher Motors
Chg MoM (pp)
8.2
0.3
6.2
5.2
5.0
4.5
4.4
4.4
3.9
3.6
3.5
0.3
0.4
0.1
0.2
0.6
4.3
-0.4
0.2
0.1
NBFC
Banks Pvt
Consumer
Technology
Auto
Oil & Gas
Retail
Healthcare
Cap Goods
Cement
9.9
8.6
7.0
4.8
4.5
2.5
1.1
17.4
0.3
-0.2
-0.8
-0.6
2.1
0.3
0.3
-0.1
0.1
0.2
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Consumer
Banks Pvt
Cap Goods
NBFC
Healthcare
Auto
Oil & Gas
Cement
Chemicals
Technology
Chg MoM (pp)
Top sector allocation (%)
Weight (%)
Chg MoM (pp)
20.0
0.3
18.3
-0.2
-0.6
15.4
0.6
1.1
2.8
-0.9
1.2
-3.7
-0.2
10.8
9.5
8.9
7.9
6.4
5.3
4.8
4.6
3.8
Top change by market value
Company
Lupin
Bharti Airtel
Tata Consumer
RIL
HDFC Bank
Hero Moto
ICICI Bank
Colgate
Varun Beve.
Cipla
Mkt Value Shares Chg
Chg (INR b)
('000)
1.65
1,918
1.22
1,399
0.99
850
0.94
-210
0.91
132
0.86
373
0.83
164
0.79
517
0.75
5
0.63
770
Top change in weight (%)
Company
Lupin
Hero Moto
Bharti Airtel
Colgate
Cipla
Tata Consumer
RIL
Infosys
Varun Bev.
Sanofi India
Chg MoM Current
(pp)
Weight
1.04
1.13
0.54
0.65
0.54
2.71
0.49
0.63
0.37
0.69
0.34
2.91
0.28
3.11
0.27
1.28
0.25
2.29
0.24
0.87
MoM NAV
Chg (%)
14.5
12.5
11.7
11.3
9.7
Top change by market value
Company
RIL
HDFC Bank
Britannia
Maruti Suzuki
HDFC
HDFC Life
Petronet LNG
ICICI Lombard
Infosys
Nestle India
Top scheme by NAV change
Scheme Name
Sundaram Select Focus - (G)
Sundaram Small Cap Fund (G)
Sundaram Diversified Equity (G)
Sundaram Rural and Consumption Fund (G)
Sundaram Mid Cap Fund - (G)
Top scheme by NAV change
Scheme Name
Oswal
Oswal
Oswal
Oswal
Oswal
Mkt Value Shares Chg
Chg (INR b)
('000)
6.77
4,606
1.84
49
1.66
376
1.56
41
1.49
172
1.46
692
1.23
2,558
1.20
320
1.08
536
1.08
60
Top change in weight (%)
Company
RIL
Britannia
Nestle India
Maruti Suzuki
Petronet LNG
ICICI Lombard
HDFC
Endurance Tech
Ipca Lab
HDFC Bank
Chg MoM Current
(pp)
Weight
4.33
4.38
0.86
2.77
0.69
0.70
0.58
4.42
0.57
2.58
0.45
3.37
0.43
5.22
0.43
0.43
0.41
0.42
0.32
8.21
MoM NAV
Chg (%)
14.3
12.3
10.4
10.2
7.2
Total AUM Equity AUM
(INR B)
(INR B)
9.3
8.6
8.3
8.0
19.8
19.6
14.4
13.9
45.6
43.9
Motilal Oswal Securities Limited is the Sponsor of Motilal Oswal Mutual Fund. The Sponsor is not responsible or liable for any loss or shortfall resulting from the operation of the Mutual Fund beyond the
initial contribution made by it of an amount of Rs. 1 Lac towards setting up of the Mutual Fund. Mutual fund investments are subject to market risks, read all scheme related documents carefully.
Motilal
Motilal
Motilal
Motilal
Motilal
Focused 25 Fund (G)
Multicap 35 Fund (G)
Large and Midcap Fund (G)
Long Term Equity Fund (G)
Midcap 30 Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
11.5
11.4
102.4
99.9
4.0
3.8
14.1
13.4
14.2
13.4
Fund Folio: Indian Mutual Fund Tracker | May 2020
21
 Motilal Oswal Financial Services
Principal:
Equity AUM INR47b
Top company holdings (%)
Apr-20
HDFC Bank
RIL
ICICI Bank
Infosys
TCS
HUL
Kotak M Bank
Divis Lab
Bharti Airtel
HDFC
2.9
2.9
2.8
2.2
1.9
1.9
4.1
Chg MoM (pp)
6.6
6.4
5.5
0.3
1.0
0.6
0.3
0.2
0.6
-0.1
0.1
0.1
-0.1
Banks Pvt
Consumer
Oil & Gas
Technology
Auto
Healthcare
NBFC
Cap Goods
Chemicals
Cement
BNP Paribas:
Equity AUM INR36b
Top company holdings (%)
Apr-20
HDFC Bank
ICICI Bank
Infosys
Bharti Airtel
RIL
HDFC
TCS
UltraTech
Maruti Suzuki
Kotak M Bank
Chg MoM (pp)
7.0
5.7
4.9
4.5
3.8
3.3
3.1
2.2
2.1
2.1
-0.4
-0.9
0.3
1.0
1.2
0.6
0.0
-0.1
1.3
-0.3
Banks Pvt
Technology
NBFC
Consumer
Oil & Gas
Healthcare
Auto
Telecom
Cement
Cap Goods
17.0
0.5
-1.9
1.2
0.4
0.8
0.1
-0.2
-0.3
0.7
0.0
Back to
Snapshot
Top sector allocation (%)
Weight (%)
Chg MoM (pp)
Top sector allocation (%)
Weight (%)
Chg MoM (pp)
17.9
-2.4
0.8
-1.4
-5.3
1.8
3.1
2.6
1.0
-0.2
0.1
9.7
9.3
7.8
7.4
7.3
7.2
6.5
5.7
3.1
10.7
10.4
9.8
9.4
7.8
6.5
4.5
4.3
3.6
Top change by market value
Company
Mkt Value Shares Chg
Chg (INR b)
('000)
RIL
0.74
18
ICICI Bank
0.52
446
HDFC Bank
0.46
37
HUL
0.37
191
Infosys
0.31
182
TCS
0.22
49
Axis Bank
0.18
231
Shree Cement
0.16
6
Navin Fluorine Intl.
0.16
-4
Atul
0.16
15
Top change in weight (%)
Company
RIL
ICICI Bank
HUL
HDFC Bank
Infosys
Axis Bank
Motherson Sumi
Shree Cement
M&M
Atul
Chg MoM Current
(pp)
Weight
1.03
6.41
0.62
5.47
0.56
2.92
0.34
6.55
0.28
4.07
0.28
1.38
0.26
0.33
0.25
1.23
0.24
0.27
0.24
1.19
MoM NAV
Chg (%)
14.0
13.7
13.4
12.1
11.6
Top change by market value
Company
Bharti Airtel
RIL
Maruti Suzuki
Infosys
HDFC
Sun Pharma
HDFC Bank
Eicher Motors
Vedanta
HCL Tech
Mkt Value Shares Chg
Chg (INR b)
('000)
0.59
814
0.59
234
0.53
86
0.39
318
0.39
130
0.34
686
0.32
-43
0.30
20
0.21
1,876
0.21
209
Top change in weight (%)
Company
Maruti Suzuki
RIL
Bharti Airtel
Sun Pharma
Eicher Motors
HDFC
Vedanta
L&T
Titan Co.
Hero Moto
Chg MoM Current
(pp)
Weight
1.31
2.14
1.18
3.82
1.04
4.53
0.90
1.14
0.80
1.06
0.61
3.26
0.52
0.89
0.48
0.72
0.43
0.65
0.43
0.79
MoM NAV
Chg (%)
12.0
11.7
11.5
10.9
10.4
Top scheme by NAV change
Scheme Name
Principal
Principal
Principal
Principal
Principal
Personal Tax saver Fund - (G)
Tax Savings Fund
Emerging Bluechip Fund (G)
Multi Cap Growth Fund - (G)
Midcap Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
2.1
2.0
3.4
3.3
18.2
17.9
5.8
5.7
2.2
2.2
Top scheme by NAV change
Scheme Name
BNP Paribas
BNP Paribas
BNP Paribas
BNP Paribas
BNP Paribas
Multi Cap Fund (G)
Large Cap Fund (G)
Focused 25 Equity Fund (G)
Mid Cap Fund (G)
Long Term Equity Fund (G)
Total AUM Equity AUM
(INR B)
(INR B)
5.4
4.9
7.5
6.9
1.8
1.6
6.2
5.5
4.1
3.9
Fund Folio: Indian Mutual Fund Tracker | May 2020
22
 Motilal Oswal Financial Services
Motilal Oswal Financial Services Limited
MEMBER OF BSE AND NSE
Motilal Oswal Tower, Sayani Road, Prabhadevi, Mumbai 400 025, INDIA
BOARD: +91 22 7193 4200 | WEBSITE:
www.motilaloswal.com
Explanation of Investment Rating
Investment Rating
BUY
SELL
NEUTRAL
UNDER REVIEW
NOT RATED
Expected return (over 12-month)
>=15%
< - 10%
> - 10 % to 15%
Rating may undergo a change
We have forward looking estimates for the stock but we refrain from assigning recommendation
*In case the recommendation given by the Research Analyst is inconsistent with the investment rating legend for a continuous period of 30 days,the Research Analyst shall within following 30 days take appropriate measures to make the
recommendation consistent with the investment rating legend.
Disclosures:
The following Disclosures are being made in compliance with the SEBI Research Analyst Regulations 2014 (herein after referred to as the Regulations).
Motilal Oswal Financial Services Ltd. (MOFSL) is a SEBI Registered Research Analyst having registration no. INH000000412. MOFSL, the Research Entity (RE) as defined in the Regulations, is engaged in the business of providing Stock broking
services, Investment Advisory Services, Depository participant services & distribution of various financial products. MOFSL is a subsidiary company of Passionate Investment Management Pvt. Ltd.. (PIMPL). MOFSL is a listed public company, the
details in respect of which are available on
www.motilaloswal.com.
MOFSL (erstwhile Motilal Oswal Securities Limited - MOSL) is registered with the Securities & Exchange Board of India (SEBI) and is a registered Trading Member with National Stock
Exchange of India Ltd. (NSE) and Bombay Stock Exchange Limited (BSE), Multi Commodity Exchange of India Limited (MCX) and National Commodity & Derivatives Exchange Limited (NCDEX) for its stock broking activities & is Depository participant
with Central Depository Services Limited (CDSL) National Securities Depository Limited (NSDL),NERL, COMRIS and CCRL and is member of Association of Mutual Funds of India (AMFI) for distribution of financial products and Insurance Regulatory &
Development Authority of India (IRDA) as Corporate Agent for insurance products. Details of associate entities of Motilal Oswal Financial Services Limited are available on the website at
http://onlinereports.motilaloswal.com/Dormant/documents/Associate%20Details.pdf
Details of pending Enquiry Proceedings of Motilal Oswal Financial Services Limited are available on the website at
https://galaxy.motilaloswal.com/ResearchAnalyst/PublishViewLitigation.aspx
MOFSL, it’s associates, Research Analyst or their relative may have any financial interest in the subject company. MOFSL and/or its associates and/or Research Analyst may have actual/beneficial ownership of 1% or more securities in the past 12
months. MOFSL and its associate company(ies), their directors and Research Analyst and their relatives may; (a) from time to time, have a long or short position in, act as principal in, and buy or sell the securities or derivatives thereof of companies
mentioned herein. (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company(ies) discussed herein or act as an advisor or
lender/borrower to such company(ies) or may have any other potential conflict of interests with respect to any recommendation and other related information and opinions.; however the same shall have no bearing whatsoever on the specific
recommendations made by the analyst(s), as the recommendations made by the analyst(s) are completely independent of the views of the associates of MOFSL even though there might exist an inherent conflict of interest in some of the stocks
mentioned in the research report. Research Analyst may have served as director/officer, etc. in the subject company in the past 12 months. MOFSL and/or its associates may have received any compensation from the subject company in the past 12
months.
In the past 12 months, MOFSL or any of its associates may have:
a)
managed or co-managed public offering of securities from subject company of this research report,
b)
received compensation for investment banking or merchant banking or brokerage services from subject company of this research report,
c)
received compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company of this research report.
d)
Subject Company may have been a client of MOFSL or its associates in the past 12 months.
MOFSL and it’s associates have not received any compensation or other benefits from the subject company or third party in connection with the research report. To enhance transparency, MOFSL has incorporated a Disclosure of Interest Statement in
this document. This should, however, not be treated as endorsement of the views expressed in the report. MOFSL and / or its affiliates do and seek to do business including investment banking with companies covered in its research reports. As a
result, the recipients of this report should be aware that MOFSL may have a potential conflict of interest that may affect the objectivity of this report. Compensation of Research Analysts is not based on any specific merchant banking, investment
banking or brokerage service transactions. Above disclosures include beneficial holdings lying in demat account of MOFSL which are opened for proprietary investments only. While calculating beneficial holdings, It does not consider demat accounts
which are opened in name of MOFSL for other purposes (i.e holding client securities, collaterals, error trades etc.). MOFSL also earns DP income from clients which are not considered in above disclosures.
23
 Motilal Oswal Financial Services
Terms & Conditions:
This report has been prepared by MOFSL and is meant for sole use by the recipient and not for circulation. The report and information contained herein is strictly confidential and may not be altered in any way, transmitted to, copied or
distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of MOFSL. The report is based on the facts, figures and information that are considered true, correct, reliable and
accurate. The intent of this report is not recommendatory in nature. The information is obtained from publicly available media or other sources believed to be reliable. Such information has not been independently verified and no guaranty,
representation of warranty, express or implied, is made as to its accuracy, completeness or correctness. All such information and opinions are subject to change without notice. The report is prepared solely for informational purpose and
does not constitute an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments for the clients. Though disseminated to all the customers simultaneously, not all customers may receive this
report at the same time. MOFSL will not treat recipients as customers by virtue of their receiving this report.
Analyst Certification
The views expressed in this research report accurately reflect the personal views of the analyst(s) about the subject securities or issues, and no part of the compensation of the research analyst(s) was, is, or will be directly or indirectly
related to the specific recommendations and views expressed by research analyst(s) in this report.
Disclosure of Interest Statement
Companies where there is interest
Analyst ownership of the stock
No
A graph of daily closing prices of securities is available at
www.nseindia.com, www.bseindia.com.
Research Analyst views on Subject Company may vary based on Fundamental research and Technical Research. Proprietary trading desk of
MOFSL or its associates maintains arm’s length distance with Research Team as all the activities are segregated from MOFSL research activity and therefore it can have an independent view with regards to subject company for which
Research Team have expressed their views.
Regional Disclosures (outside India)
This report is not directed or intended for distribution to or use by any person or entity resident in a state, country or any jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would
subject MOFSL & its group companies to registration or licensing requirements within such jurisdictions.
For Hong Kong:
This report is distributed in Hong Kong by Motilal Oswal capital Markets (Hong Kong) Private Limited, a licensed corporation (CE AYY-301) licensed and regulated by the Hong Kong Securities and Futures Commission (SFC) pursuant to
the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) “SFO”. As per SEBI (Research Analyst Regulations) 2014 Motilal Oswal Financial Services Limited(SEBI Reg No. INH000000412) has an agreement with
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investment activity to which this document relates is only available to professional investor and will be engaged only with professional investors.” Nothing here is an offer or solicitation of these securities, products and services in any
jurisdiction where their offer or sale is not qualified or exempt from registration. The Indian Analyst(s) who compile this report is/are not located in Hong Kong & are not conducting Research Analysis in Hong Kong.
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Motilal Oswal Financial Services Limited (MOFSL) is not a registered broker - dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition MOFSL is
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absence of specific exemption under the Acts, any brokerage and investment services provided by MOFSL, including the products and services described herein are not available to or intended for U.S. persons. This report is intended for
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on by persons who are not major institutional investors. Any investment or investment activity to which this document relates is only available to major institutional investors and will be engaged in only with major institutional investors. In
reliance on the exemption from registration provided by Rule 15a-6 of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act") and interpretations thereof by the U.S. Securities and Exchange Commission ("SEC") in
order to conduct business with Institutional Investors based in the U.S., MOFSL has entered into a chaperoning agreement with a U.S. registered broker-dealer, Motilal Oswal Securities International Private Limited. ("MOSIPL"). Any
business interaction pursuant to this report will have to be executed within the provisions of this chaperoning agreement.
The Research Analysts contributing to the report may not be registered /qualified as research analyst with FINRA. Such research analyst may not be associated persons of the U.S. registered broker-dealer, MOSIPL, and therefore, may not
be subject to NASD rule 2711 and NYSE Rule 472 restrictions on communication with a subject company, public appearances and trading securities held by a research analyst account.
24
 Motilal Oswal Financial Services
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the media or reproduced in any form, without prior written consent. This report and information herein is 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. Nothing in this report constitutes investment, legal, accounting and tax advice or a representation that any investment or strategy is suitable or appropriate to your specific
circumstances. The securities discussed and opinions expressed in this report may not be suitable for all investors, who must make their own investment decisions, based on their own investment objectives, financial positions and needs of
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incorporated in this document is provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. This information is subject to change without any prior notice. The Company
reserves the right to make modifications and alternations to this statement as may be required from time to time without any prior approval. MOFSL, its associates, their directors and the employees may from time to time, effect or have
effected an own account transaction in, or deal as principal or agent in or for the securities mentioned in this document. They may perform or seek to perform investment banking or other services for, or solicit investment banking or other
business from, any company referred to in this report. Each of these entities functions as a separate, distinct and independent of each other. The recipient should take this into account before interpreting the document. This report has been
prepared on the basis of information that is already available in publicly accessible media or developed through analysis of MOFSL. The views expressed are those of the analyst, and the Company may or may not subscribe to all the views
expressed therein. This document is being supplied to you solely for your information and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, copied, in whole or in part, for any
purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or
use would be contrary to law, regulation or which would subject MOFSL to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain
category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. Neither the Firm, not its directors, employees, agents or representatives shall be liable for
any damages whether direct or indirect, incidental, special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information. The person accessing this information specifically agrees
to exempt MOFSL or any of its affiliates or employees from, any and all responsibility/liability arising from such misuse and agrees not to hold MOFSL or any of its affiliates or employees responsible for any such misuse and further agrees
to hold MOFSL or any of its affiliates or employees free and harmless from all losses, costs, damages, expenses that may be suffered by the person accessing this information due to any errors and delays.
Registered Office Address: Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025; Tel No.: 022 71934200/ 022-71934263; Website
www.motilaloswal.com.
CIN No.: L67190MH2005PLC153397.Correspondence Office Address: Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad(West), Mumbai- 400 064. Tel No: 022 7188 1000.
Registration Nos.: Motilal Oswal Financial Services Limited (MOFSL)*: INZ000158836(BSE/NSE/MCX/NCDEX); CDSL and NSDL: IN-DP-16-2015; Research Analyst: INH000000412. AMFI: ARN - 146822; Investment Adviser:
INA000007100; Insurance Corporate Agent: CA0579 ;PMS:INP000006712. Motilal Oswal Asset Management Company Ltd. (MOAMC): PMS (Registration No.: INP000000670); PMS and Mutual Funds are offered through MOAMC which is
group company of MOFSL. Motilal Oswal Wealth Management Ltd. (MOWML): PMS (Registration No.: INP000004409) is offered through MOWML, which is a group company of MOFSL. Motilal Oswal Financial Services Limited is a
distributor of Mutual Funds, PMS, Fixed Deposit, Bond, NCDs,Insurance Products and IPOs.Real Estate is offered through Motilal Oswal Real Estate Investment Advisors II Pvt. Ltd. which is a group company of MOFSL. Private Equity is
offered through Motilal Oswal Private Equity Investment Advisors Pvt. Ltd which is a group company of MOFSL. Research & Advisory services is backed by proper research. Please read the Risk Disclosure Document prescribed by the
Stock Exchanges carefully before investing. There is no assurance or guarantee of the returns. Investment in securities market is subject to market risk, read all the related documents carefully before investing. Details of Compliance
Officer: Name: Neeraj Agarwal, Email ID: na@motilaloswal.com, Contact No.:022-71881085.
* MOSL has been amalgamated with Motilal Oswal Financial Services Limited (MOFSL) w.e.f August 21, 2018 pursuant to order dated July 30, 2018 issued by Hon'ble National Company Law Tribunal, Mumbai Bench.
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