MUMBAI - SUNDAY - DECEMBER 29, 2024 ₹12 • Pages 12 • Volume 2 • Number 360

Future Gazing. Looking back.

What lies ahead Caution has been
for equities in our watchword
2025... in 2024...
BIG STORY P2 YOUR MONEY P3

BENGALURU - CHENNAI - COIMBATORE - HUBBALLI - HYDERABAD - KOCHI - KOLKATA - MADURAI - MALAPPURAM - MANGALURU - MUMBAI - NOIDA - THIRUVANANTHAPURAM - TIRUCHIRAPALLI - TIRUPATI - VIJAYAWADA - VISAKHAPATNAM RNI No. MAHENG/2023/89435

Small/mid-caps top long-term returns in 2024 INVESTMENT.

FOCUS
TABLE TOPPER. US equities have given better returns than Indian large-cap stocks in recent years Canara Bank:
timeframes, as the table headwinds. However, things
Accumulate
Dhuraivel Gunasekaran illustrates. changed over the last 18-20
bl. research bureau Nishant Gopalakrishnan
months due to a few factors in- bl.research bureau
US AND CHINA EQUITIES cluding significant FII (foreign
Today, Indian investors have Over the last two years, US equit- institutional investor) flows into From the lows of 2020, the
many financial investment asset ies delivered better returns com- Indian government bonds and ex- Canara Bank stock has
classes, domestic and foreign, to pared to the large-cap stocks in pectations of a rate-cut cycle. surged about 8.5 times at a
bet on. In Calendar 2024, they the domestic market. staggering CAGR of 66 per
cent. This comes on the
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were not let down by any of them. This growth was largely driven GOLD, SILVER GLITTER
All delivered positive returns, by the ‘Magnificent 7’ — Apple, Gold, as an asset class, is used as a back of balance-sheet
with equities topping the list. Amazon, Alphabet, Meta, Mi- store of value and a hedge against clean-up, resulting in im-
As far as the long-term per- crosoft, Nvidia and Tesla — stock market volatility during proved asset quality with a
formance is concerned, small- backed by strong earnings and times of economic uncertainties. knock-on effect on the RoE.
and mid-cap stocks top the chart major investments in artificial in- Despite short-term blips, gold Though the bank beat
in 2024, outperforming the other telligence (AI). prices have been on the rise since system-level growth in ad-
asset classes. Further, the rupee depreci- October 2022. vances and deposits
The accompanying chart ation boosted the five-year re- The yellow metal has delivered between FY19 and FY24, it
shows the relative long-term per- turns for an Indian investor. For a solid CAGR of 14.4 per cent over is now seeing slower
formance of the most liquid fin- example, while the last 5-year the last five years in rupee terms. growth. Its cost of deposits
ancial asset classes accessible to CAGR of S&P 500 total returns Expected rate-cuts by major eco- is also about 50 bps higher
Indian investors. (including dividends) is 15 per nomies and persisting geopolit- than public sector peers.
We considered large/mid/ cent in US dollar terms, it in- ical tensions led to a significant Overall at current levels
small-caps, gold and silver, US creases to 19 per cent in rupee surge in gold price. it appears fairly valued
and Chinese equities, long- and terms. While the gold has been the
short-term debt, and computed After three years of under-per- mainstay of investors’ portfolio
the five-year returns at the end of formance, Chinese stocks came for years for diversification into
each year for the last ten years. into the limelight thanks to the commodities, the silver has also
The assets were picked based on stimulus measures announced by gained traction among investors.
invisibility option for Indian in- Beijing in October 2024. The Silver is a key component in solar
vestors via direct investing or policy measures announced were panels and other renewable en-
mutual funds/ETFs. aimed at supporting a weak prop- ergy technologies. The increasing
erty sector, increasing retail con- demand for these technologies
MID-CAPS ON TOP sumption and boosting capital has driven up the demand for
Overall, looking at the long-term markets. A China-focussed ETF silver. based on a conservative
performance, mid-caps outper- trading in India returned 29 per Silver, in rupee term, delivered SOTP valuation. However,
formed large- and small-caps in cent this year, although the 5-year a CAGR return of 13.7 per cent in given the significant pro-
terms of consistency and relat- CAGR was flat. the last five years. However, gold gress made and the track re-
ively better returns. In the last turn Index (TRI), which repres- 30.6 per cent, while the mid-caps, Over the last 15 years, mid-caps Years 2018 to 2022 were not so outperformed silver over the long cord of the management in
five-year timeframe ended 2024, ents small-cap stocks, produced a as represented by Nifty Midcap consistently outperformed large- good for the domestic fixed in- run in most time frames, as the achieving the guidance,
the Nifty Smallcap 250 Total Re- compound annualised return of 150 TRI, delivered 28.3 per cent. and small-caps in the majority of come market due to multiple table illustrates. long-term investors can ac-
cumulate the stock on dips.
There can be a positive re-
rating when the manage-

After 6 months, cash market turnover reviving; MFs preferred

ment executes its guidance.
When accumulated at lower
levels from current price,
there is more comfort in the
₹1,52,907 crore in July. In fact, primary market in the last 27 days valuation and the stock of-
Suresh P. Iyengar fers higher margin of safety.
Mumbai
the ADT has been steadily falling alone. However, the propensity of
since July but recovered margin- FPI selling has slowed down in Long-term investors can
ally by 2 per cent to ₹1,03,292 December compared to the previ- accumulate the stock on
The average daily turnover crore in December, up from ous two months. dips.
(ADT) in the cash segment of ₹1,00,853 crore in November. Sriram BKR, Senior Invest-
stock exchanges is showing early
signs of revival after falling stead-
Similarly, the ADT on the BSE
was down 43 per cent in Decem- Investors are increasingly choose
ment Strategist, Geojit Financial
Services, said the turnover on
QUICKLY.
ily the last six months. ber to ₹6,758 crore compared to professionally managed funds over stock exchanges usually spikes Small and mid-size bank
Most retail investors stayed ₹11,947 crore in July. However, direct market participation alongside positive rallies and stocks tanked in 2024
away from the market after the sequentially, it was up 7 per cent tapers during times of fall or
sudden sharp fall prompted by compared to ₹6,330 crore in vestors’ inclination towards dis- higher volatility. Retail participa-
the pullout of foreign portfolio November. ciplined, long-term wealth cre- tion was largely seen in the mid-, Mumbai: Shares of small and
investors. However, retail in- Swapnil Aggarwal, Director, ation strategies rather than small- and micro-cap universe, mid-size banks in the Nifty Bank
vestors are now taking advantage VSRK Capital, said the steady de- speculative trading, he added. and even that evaporated in Oc- index including IDFC First Bank,
of the volatility in the equity mar- cline in the equity cash market Foreign investors consistently tober and November, he said. AU Small Finance Bank and
ket and using the occasional bear- turnover can be attributed to sev- book profits in the secondary Interestingly, he added that IndusInd Bank tanked by 29-40%
ish trend to make fresh invest- eral factors, including increased SIP INFLOWS RISE creasingly choose professionally market and invest in primary during the same period MF in- per cent on a year-to-date basis
ments. volatility and regulatory changes The consistent rise in SIP (Sys- managed funds over direct mar- market. FPIs sold ₹1.19-lakh flows were steady, suggesting in 2024 due to higher stress in
The ADT on the NSE fell 32 in the derivatives market, which tematic Investment Plan) flows ket participation, he said. This crore of their equity investments that some investors might have unsecured loans segment and
per cent in December to have influenced investor senti- indicates a growing preference shift can be viewed as a positive so far this year. They invested turned to MFs instead of invest- weak earnings outlook, analysts
₹1,03,292 crore, down from ment. for mutual funds as investors in- trend as it reflects retail in- ₹17,331 crore through the ing in stocks directly. say. p12

With full state honours, nation

Customer mindset reset: No more braking
car purchases in November-December bids farewell to Manmohan Singh
KR Srivats
Year-end discounts offers and discounts often better than resale returns; beats Jan price hikes, too New Delhi
S Ronendra Singh An added factor in the change
New Delhi in customer mindset is that Former Prime Minister Manmo-
most auto-makers have begun han Singh was on Saturday
Vandana Khullar, an entrepren- announcing price hikes in late cremated with full state honours
eur based in South Delhi, November or early December, at New Delhi’s Nigambodh Ghat.
bought a Tata Nexon on to be effective from January. It’s He was accorded a 21-gun salute
December 15, without worrying a win-win situation for both the by the Services.
about the resale value of the customer and the manufac- Manmohan Singh passed away
SUV. Indeed, she said it was a turer. The former gets a max- on Thursday night at AIIMS in
‘smart decision’ to buy at the imum discount while the manu- New Delhi. He was 92.
end of the year. facturer gets to clear inventory Earlier today, Manmohan
Like Khullar, many are step- at the end of the year. Singh’s mortal remains were LAST RESPECTS. President Droupadi Murmu pays her last respects to
ping on car buy plans in Decem- “There is a change in the ap- taken from his residence to the former Prime Minister Manmohan Singh at New Delhi’s Nigambodh Ghat
ber, not thinking much about proach to December sales, from Congress’s Akbar Road on Saturday. Prime Minister Narendra Modi and other leaders at the last
the resale value seven-eight the feeling of waiting for the headquarters at 8 a.m. for the rites PTI
years down the line. This is how the car fits my needs and vehicles. This went up to next year, it’s now let’s buy in public to pay their respects to the
quite in contrast to a few years budget over future concerns,” 2,52,998 units in December December to take advantage of former PM. Vice-President Jagdeep Dhankar, to the Lok Sabha, Manmohan
ago when customers postponed Khullar told businessline. She 2020. In December 2021, the the offers and also to beat the The funeral procession started Union Home Minister Amit Shah, Singh was a member of the Upper
purchases till January-February added that with some care, the numbers fell to 2,19,421 be- price hike in January,” CS Vign- around 10 a.m. and proceeded to Defence Minister Rajnath Singh, House till April 2024.
or even the middle of the year difference in the resale value is cause of the Covid-19 lockdown eshwar, President, Federation Nigambodh Ghat where Singh Health Minister JP Nadda, First elected to the Rajya Sabha
thinking that they would get a usually negligible. impact and also semiconductor of Automobile Dealers Associ- was laid to rest with full state Leader of Opposition Rahul in 1991 from Assam, he was re-
better return when they sold According to SIAM, passen- shortage. But the sales came ations, told businessline. honours at 12:50 p.m. Gandhi, Sonia Gandhi, Congress elected in 1995, 2001, 2007 and
their cars later. ger vehicles sales in December back on the growth path again In the case of two-wheeler Singh had served as India’s President Mallikarjun Kharge, 2013 to the Upper House.
have grown in the past five in December 2022 with a total sales also, a similar trend has 13th Prime Minister in the and former Deputy Chairman of Space will be allocated for a
BETTER DISCOUNTS years, except for 2021, when offtake of 2,35,309 units. been seen over the last five United Progressive Alliance from Planning Commission Montek memorial for Manmohan Singh,
“I bought the car in December sales dropped because of the years. In December 2022, 2004-2014. As Finance Minister, Singh Ahluwalia were among said the Home Ministry on
because end-of-year offers and Covid-19 impact. BEATING PRICE HIKES 10,50,038 units of two-wheel- Singh had ushered in a series of those present for Singh’s last Friday.
discounts are often the best, In 2019 December, the in- In December 2023, the sales ers were sold, and this rose to economic reforms in 1991, rites. Post Manmohan Singh’s de-
which makes it a financially dustry reported wholesales went up to 2,42,920 units and 12,11,966 units in December scripting a turnaround for the King of Bhutan Jigme mise, the government had an-
smart decision. While the resale (dispatch to dealers) of this year, too, the industry ex- 2023, and it is expected to bet- crisis-hit economy. Khesar Namgyel Wangchuk also nounced a 7-day mourning
value can be a factor, I prioritise 2,22,728 units of passenger pects to report better numbers. ter it this year. President Droupadi Murmu, paid his last respects to Singh at period to pay homage to the
Prime Minister Narendra Modi, Nigambodh Ghat. Never elected former Prime Minister.
CM
YK . . . . . . . . BM-BME
 MUMBAI

2 businessline.portfolio
SUNDAY - DECEMBER 29 - 2024

WISE WORDS. MARKET ACTION.

The key is who likes the
investment now and who doesn't.
Future price changes will be
determined by whether it comes
to be liked by more people or
fewer people in the future.
HOWARD MARKS
Co-founder of Oaktree Capital Management

T
o get perspectives on
what lies ahead for the
equity markets in What lies ings. India is at about 75 per cent
premium to the MSCI EM Index,
which is towards the upper end of

ahead for
2025, bl.portfolio spoke the historical range.
to experts from the asset manage- Mid-/small-caps are even more
ment as well as the investment expensive (NiftyMidcap Index is
banking and broking industry. at 31x and SmallCap Index is at
Excerpts: 24x), despite their typically
weaker business resilience/gov-
Will consumption ernance and lower market liquid-

equities in
and private capex ity which increases the impact
cost when buying/selling. We
pick up in 2025? prefer large-caps, while being se-
Anand Shah: Over the past four lective towards mid-caps, with
years, we have witnessed robust preference towards industry
investment-led growthdue to the leaders having strong growth
government’s strong focus on prospects.
boosting infrastructure and man- Given the global uncertainty
ufacturing. Consumption growth and a slow recovery in the do-
tends to follow investments with mestic markets, downside risks to
a lag. earnings and largely elevated
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Looking ahead, a combination multiples in many stocks, we’re
of easing interest rates, moderat-
ing inflation, a strong kharif and FUTURE GAZING. advocating a cautious stance at
this stage.
rabi crop, and State and Central
government measures to boost Parvatha Vardhini C, Venkatasubramanian K and We prefer large private banks,
life insurance stocks, pharma/
rural incomes should support a
gradual recovery in consumption. Dhuraivel Gunasekaran speak to fund managers, brokers and hospital plays, real estate sector
(including REITs) and the large
These factors could drive a
broader demand recovery by investment bankers on the market outlook for the coming year industry incumbents in airlines/
telecom.
2025. We would avoid consumer dis-
While government capex cretionary and autos, given the
seems to have peaked, corporate risks of earnings downgrades and/
capex is expected to improve as or expensive multiples, oil & gas
cash returns on invested capital PSUs, metals and cement plays
increase. and the chemicals sector for now.
Manufacturing, utilities and re- Sunil: While the structural pos-
newables are likely to lead the in- itive case for India over the me-
vestment cycle. Major players in dium term remains intact, we re-
the power sector, particularly in main tactically neutral given
renewable energy projects, are slowing growth, high starting
already ramping up their capex. valuations and a less-supportive
Similarly, high utilisation rates in domestic and external environ-
steel and cement could trigger ment in the near term. We expect
operating leverage,. the market to remain range-
Pratik Gupta: India’s con- bound over the next three-six
GETTY IMAGES/ISTOCKPHOTO
sumption slowdown is close to months.
bottoming out, but the recovery Over the medium term, our
will be slow and earnings expecta- recovery in consumption in FY26. dued. Within industrials, con- Vinay: Most of the developed cent in CY25/26 vs consensus ex- Expectations on FPI preferred alpha themes include
tions for FY25 and FY26 are still Domestic manufacturing will tract manufacturing segment is world is seeing some economic pectations of 16 per cent/15 per housing, agriculture, defence, af-
overly optimistic. continue to pick up, but only likely to do well. slowdown while also seeing in- cent respectively. flows in 2025 fluent or high-end consumption
IT hiring seems to be picking gradually – helped by gradual re- terest rates at multi-year highs. Vinay: We do not prepare earn- Anand: India’s long-term growth and tourism.
up slowly and government capex covery in domestic demand, some Impact of global They are grappling with inflation ings estimates for the index, but prospects, supported by struc- Vinay: We think there is a big
is likely to accelerate, which likely adjustments in the Budget developments on challenges; some of them have do so for companies in our cover- tural reforms and a vast con- multi-year investment opportun-
should help drive a gradual recov- to fix the inverted duty structure currency-related challenges. But age. We do see some cuts in es- sumer market, continue to make ity in a diversified portfolio of
ery in consumption. However, for many industries, and lower in- rupee/markets India has a stable currency, and timates for future earnings across it an attractive destination for high-growth and high-quality
the quality of job creation, in ag- terest rates. Anand: The RBI’s intervention our interest rates are also reason- companies in our universe. The foreign investors. stocks.
gregate, has been poor, with in- Any weakening of the rupee has helped stabilise the rupee, but able. Our central bank has been key headwinds are slowing eco- While recent FII selling ap- Within the NSE 500 compan-
cremental employment gener- will help export-led manufactur- external factors such as the global ahead of the curve in managing nomic activity, largely led by pears significant, it represents ies, the broad underperformance
ated in agriculture (360 bps ing also. The government capex, economic environment and geo- the crisis. weakness in urban consumption only a fraction of their overall of these companies is about 35
increase in share of agriculture adversely impacted by the Gen- political tensions will continue to Fiscal discipline is another big and government capex spending. holdings. per cent in the last 14 months
over 2019-24), resulting in weak eral Election distraction, is likely influence its movement. positive. One can think of India The change in guard in the US The challenge lies in current alone.
overall income growth. Mean- to pick up sharply in the coming Sunil: Post the US elections, the like a large-cap country amongst government is likely to increase valuations, which are at a While the rally in small- and
while, weak household savings, months – although falling short of macro environment has become global peers — a very large eco- volatility in trade with the nation, premium compared to EM peers, mid-caps may continue, some
periodic bouts of high inflation, official targets. more challenging for emerging nomy, also growing fast. Smaller lending additional uncertainty. while earnings growth differen- caution is warranted due to con-
sharp price hikes taken in a num- Sunil Koul: This slowdown is market (EM) equities. We expect economies can always grow fast, We expect interest rates to soften tials do not fully justify this gap. cerns related to underlying mar-
ber of consumer categories over cyclical than structural, with In- headwinds from a stronger dollar, like mid-caps, small-caps, micro- in India, acting as a tailwind for As this risk-reward equation ket dynamics.
FY19-24 and recent squeeze in dia’s growth rate falling from high US 10-year rates, shallower caps; but when a large economy valuations as it can potentially re- shifts, FII flows could return. We are optimistic on sectors
unsecured lending have exacer- above-trend pace of slightly EM easing cycles and likely higher grows fast, it can move the global duce the cost of equity for in- Pratik: FPI flows will depend on such as healthcare, private sector
bated the ongoing consumption above 7 per cent year-on-year real US tariffs on China in 2025. In- GDP and India is, in that sense, vestors. The government welfare how the trade/currency wars pan banks, telecom and IT. Also,
weakness. GDP growth during the post-pan- dian equities should be relatively the flag-bearer of global GDP schemes are likely to spur some out once the Trump administra- large-cap stocks are reasonably
Gradual redressal of some cyc- demic period in CY22-23, back to- insulated from these macro head- growth. consumption at the bottom of the tion takes charge. The consensus valued and present good invest-
lical factors will allow a gradual wards trend – which we estimate winds compared to its EM peers. pyramid. view is that global EM funds will ment opportunity.
at around 6.5 per cent (average Earnings estimates not see meaningful inflows until
over 2025-30). for FY/CY 2025 and the USD weakens, the timing of
Within consumption categor- which is tough to predict, and un-
ies, the slowdown in urban con- 2026 til then, FPI flows will remain
sumption was exacerbated by Anand: Earnings growth for Nifty very muted.
tightening retail credit, following is expected to moderate in the The base case is not for a EM
the macro-prudential measures near term, given global economic rally next year, thereby implying
by the RBI late-last year. On the uncertainties. India’s long-term that FPI flows will remain volat-
other hand, we are seeing a nas- growth story remains robust, ile. DIIs will play an even greater
cent recovery in rural consump- driven by structural factors such role in our markets.
tion. Going forward, we expect as favourable demographics, di- Sunil: The external macro
recovery in rural consumption to gitalisation, infrastructure devel- headwinds, coupled with cyclical
sustain in CY25 and urban con- opment and an expanding middle growth slowdown domestically
sumption to recover in H2 2025. class. We expect India Inc to sus- and high starting valuations,
While the Central government tain an earnings growth rate of could keep foreign flows weak
capex will sequentially recover in 10-11 per cent, underpinned by over the next three-six months.
Q1 CY25 as pent-up spending these drivers. Flows could pick up in latter half
comes through, we expect contin- Pratik: We expect the headline of the year as domestic and ex-
ued fiscal consolidation towards 4 Nifty earnings growth to be 5 per ternal environment become more
Anand Shah per cent of GDP over the next two Pratik Gupta cent in FY25 and 16 per cent in Sunil Koul conductive. Vinay Paharia
years and government capex FY26. If we exclude the oil & gas
Head - PMS and AIF
spending to average around nom-
CEO & Co-Head, Kotak
sector (due to some one-offs), the
Global Emerging Market Equity Investment Chief Investment Officer,
investments, ICICI Pru AMC inal GDP growth rates, going for- Institutional Equities growth improves to 10 per cent Strategist, Goldman Sachs opportunities in 2025 PGIM India Mutual Fund
Anand Shah heads PMS and ward. Pratik Gupta has worked in and 17 per cent for FY25 and Sunil Koul joined Goldman Anand: After four years of robust Vinay Paharia oversees
AIF Investments at ICICI While private corporates have institutional equities for 30 FY26 respectively. Sachs in 2007. He holds earnings-driven returns, CY25 equities and fixed
Prudential AMC, a top player de-levered and balance sheets years He has an MBA in Metals, hospitals and retail sec- a Post Graduate Diploma may present challenges due to income businesses.
with over ₹31,000-crore AUM look healthy, corporates are likely Finance from the University tors are likely to see the highest in Management from global macroeconomic uncer- An industry veteran,
(as of September 2024). He to wait until there is further clar- of Texas at Austin and is a earnings growth in FY26, while XLRI, Jamshedpur, tainties, particularly in the US he has nearly two decades
has over two decades of ity regarding tariffs from the new Sord Scholar. He was a power utilities, chemicals and and a Bachelor’s and China. This highlights the im- of equity research and
fund management Trump administration. Real es- member of the Sahoo auto are likely to be earnings degree in Electronics portance of bottom-up stock se- fund management
experience. He is a PGDM tate investment cycle has been Committee on Capital Market growth laggards. The main head- Engineering from lection. experience. He has
from IIM - Lucknow, and a strong in the past few years and Reforms under the Ministry of wind is a further slowdown in VJTI, University Our portfolio strategy emphas- completed his B.Com.
BE from REC, Surat. we expect real estate cycle to re- Finance during 2013-15. global growth and the risk of of Mumbai. ises companies with prudent cap- and M.M.S
main buoyant. sharp rupee depreciation, de- ital allocation, sustainable earn-
Vinay Paharia: Overall con- pending on how the trade/cur- ings growth and improving return
sumption had increased sharply rency wars pan out once Trump on equity.
post pandemic, which now seems takes charge. Capex-driven sectors such as
Sectors such as to be ebbing. Medium-to-long- We expect the Given inflation that’s still Post the US infrastructure, manufacturing We think there is
manufacturing, term outlook for consumption headline Nifty above the RBI’s target of 4 per elections, the macro and utilities could benefit from a big multi-year
utilities and growth remains very healthy in earnings growth to cent and the risk of a weaker cur- environment has the ongoing investment cycle. investment
India, driven by robust GDP rency, the scope for sharp rate- become more Growth in 2025 will likely be
renewables are growth outlook over the similar be 5 per cent in cuts is limited – we’re expecting capex-led, supported by improv- opportunity in a
likely to lead the period. FY25 and 16 per only a 25-bpRBI repo rate cut challenging for ing credit availability. Although diversified portfolio
investment cycle. Manufacturing slowdown was cent in FY26. next year. The tailwind is that emerging market interest rates may not decline sig- of high-growth
driven by weak government ex- government capex is picking up equities. We expect nificantly, even a marginal easing
Major players in the penditure and private sector If we exclude the oil again. headwinds from a could act as a catalyst. and high-quality
power sector, holding back some part of capex & gas sector, the Sunil: We expect India’s GDP
stronger dollar, high Improving corporate health stocks. We are
particularly in due to election-related uncertain- growth improves to growth to decelerate to 6.3 per and a recovery in formal job cre- optimistic on sectors
ties in H1FY25. Industrial and cent year on year (in 2025), on US 10-year rates, ation provide a favourable back-
renewable energy capital goods companies,too, had 10 per cent and 17 continued fiscal drag and slower shallower EM easing drop for sectors like financial ser- such as healthcare,
projects, are already outperformed in FY24; con- per cent for FY25 credit growth, which should con- cycles and likely vices and pockets of discretionary financials (private
ramping up their sequently, valuations remained and FY26 tinue to weigh on consensus EPS consumption to perform well. sector banks),
stretched. expectations. higher US tariffs on Pratik: Indian equities are still
capex Recent weakness in demand is respectively We forecast MSCI India earn- China in 2025 not cheap, with the Nifty trading telecom and IT
likely to keep sentiments sub- ings growth at 13 per cent/15 per at about 20x March 2026 earn-
CM
YK ... . . . . . . BM-BME
 Your Money . bl . 3
MUMBAI

businessline.portfolio
SUNDAY - DECEMBER 29 - 2024

Prudence over popularity, rationalism over exuberance

LOOKING BACK. Caution has been the watchword in our approach to and writings on the equity markets in 2024
the expectation of a peaking out event was extremely well-re-
of interest rates, we carefully ceived and enabled us understand
showcased options in categories the mindset of our audience.
such as balanced advantage, There is a plan to do more such
equity savings, multi-asset, ultra events especially in tier-2 cities in
PARVATHA VARDHINI C short-term as well as gilt/long- the coming year.
Editor, bl.portfolio duration funds in our weekly With bl.portfolio being entirely
‘Fund Call’ space in the mutual behind paywall on our website,
It is that time of the year, where fund section. online subscribers are a lifeline.
we not only need to be grateful for For the risk-averse investors, To reach out to them, we initiated
all the good that happened, but we also recommended safer FD a subscriber-exclusive webinar
also hold a mirror to ourselves to options across tenures from this year on the topic of US in-
see where we can be better. It is banks and NBFCs whenever at- vesting. Another on the market
no different for us at bl.portfolio. tractive options came up. outlook for 2025 is being planned
Here, we take this annual ritual soon.
very seriously as we are in the GOLD, RUPEE VIEW Our in-house technical ana-
business of giving ideas for your VALIDATED lysis has a great following and to
hard-earned money. In the world Post gold’s decent 13 per cent up- add value to these readers, we
of investing, no one can predict side in 2023 to end at $2,063 an commenced our YouTube Shorts
the markets with certainty but ounce, we had predicted it to video series for the ‘Today’s Pick’
what we can do is prefer prudence touch $2,200 this year (technical column (BL Today’s Pick: Stocks
over popularity and rationalism analysis) in our annual outlook to Buy or Sell) this year. Our Nifty
over exuberance. That has always published on January 14. We fol- Prediction Weekly Video series,
been our credo and in the same lowed it up with a more bullish which has a big fan base, crossed a
spirit, we curated our product case for gold in our article milestone of 100 episodes in
every week this year. Here is an ‘Goldilocks moment for gold’, March this year.
honest report card of all we did published on March 17, as it This year, we also experi-
2024: neared $2,200 At that point, ex- mented with guest stories written
pectations of US Fed rate cut by readers based on their per-
CAUTION ON EQUITIES amidst some uncertainty on sonal investing experience.
HELPS whether inflation battle was actu- SEBI’s report on F&O trading put
Caution has been the watchword ally won or not, geopolitical tur- out in late September gave us this
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in our approach to and writings moil in West Asia, Russia-Ukraine opportunity. Reader response to
on the equity markets in 2024. On war and high government debt our call was overwhelming and at
the back of the nearly 20 per cent and fiscal deficit levels in de- the same time, heart wrenching
rally in the markets in 2023, our the primary (42) and secondary defence space, we highlighted the do admit we have been very ‘hold’ calls (expected to perform veloped countries, made the case as well. We carried a few stories
equity outlook for 2024, pub- markets (75). About one-third of significant risks in holding on to choosy this year due to our con- inline with the markets) didn’t for gold too good to ignore. Gold with their permission to help the
lished on January 7, set the tone the sell /book profits/avoid calls these stocks, despite their growth servative stance. We recommen- work for us due to markets doing went on to hit a high of $2,790 in larger investor community take
saying that while there was no have worked for us, prominent potential. In our edition dated ded a partial book profit on Meta well for most of the year. But this October this year. Although it has away important lessons.
case for pessimism, there was among them being the calls on July 7, we had noted why the Platforms in February 2024. In- stance is in line with our wait- cooled off marginally from those
ample case for caution this year. telecom and IT players such as stocks trading at obscene valu- vestors would have made 5x re- and-watch approach to equities. levels, investors who had taken a NEW BEGINNINGS
Our stance emanated from the Vodafone Idea, Indus Towers, ations would be unable to ‘avert a turns from our earlier buy recom- cue from our writing would have As the New Year dawns, bl.portfo-
market valuation at the beginning Tata Communications and painful retreat when market cycle mendation in November 2022. MAKING THE MOST OF been solidly rewarded. Rupee de- lio will see new leadership at the
of the year (23.8 times trailing) Birlasoft. With Nifty IT up 23 per attacks with a vengeance.’ It was This year, we also consciously YIELDS preciation, too, has added to gains helm. I step down after what has
being above long-term averages cent this year on the back of last near-perfect timing given the sig- covered special situations such as On the fixed income side, at the for investors in gold in India, off- perhaps been the best four-and-a-
as well as heightened optimism year’s 22 per cent, book profit nificant fall in defence stocks buyback, open offers, buyouts etc. beginning of the year, we were setting some of the impact of cus- half years both for the product as
on earnings growth. In this firm calls on stocks such as HCL Tech since then. Our article on the un- to give more actionable ideas to very clear that interest rates have toms duty cut in the July Budget. well as for me, professionally. The
belief, even as the markets raced haven’t worked well. But we con- derlying factors driving the PSU investors on their existing share- peaked and that investors should structural changes and demands
to their all-time highs well into tinue to remain watchful on IT rally published on May 11, 2024, is holdings. make the best of the rates avail- READER CONNECT that the pandemic brought about
the year until end-September, we stocks, as we believe the rally has one of the top-read articles this The call to tender the shares at able. We found both the short- INITIATIVES has seen team bl.portfolio grow
gave more hold/sell/book profit been driven by valuation multiple year from the bl.portfolio section ₹10,000 in the Bajaj Auto buyback end and the long-end of the yield While we have been receiving from strength to strength in this
calls on stocks (44) as against buy/ expansion rather than earnings on our website. citing the massive rally and the curve attractive and recommen- your feedback regularly through period and am glad that I have
accumulate (31). Looking back, growth. That said, half of our well-re- valuation expansion has worked ded bonds/mutual funds at these mail or social media, 2024 has been able to do my bit.
we stand vindicated, with the Our book profits call on PSUs searched ‘buys’ this year (six in 11 well, with the shares now trading ends. Fast forward to end-2024 been a landmark year for brand bl- The show will go on and if you
markets now 10 per cent below such as Power Grid and NHPC calls) have outperformed the bell- 11 per cent below. Ditto with the and 10-year G-Sec yields have .portfolio in terms of making an are looking for best parking
the September peak and India Inc worked too, but calls to take wether and the broader markets. ‘subscribe’ recommendation to dropped to 6.79 per cent from on-ground connection with read- places for your money, fresh and
faced with a consumption slow- money out on IRFC, RVNL and These include value-picks NCC, the Grasim Rights issue, which 7.21 per cent a year ago and a sim- ers/investors. Towards this, the unbiased perspectives await you
down, a slow pick-up in private Mazagon Dock were given a bit KNR Constructions and UTI has paid off. ilar pattern can be seen across first of the ‘bl.portfolio Investor in 2025 too, at bl.portfolio.
capex as well as a cooling off in early, in hindsight. These stocks AMC, international pick Alphabet Only six of our 20 ‘accumulate’ maturities. Investors have thus Conclave’ was held in Coim- Keep reading us in print or on-
earnings growth. have eventually seen corrections as well as Godrej Agrovet and calls (Nippon AMC, Caplin Point benefitted from a rally in bond batore in June with a presenta- line, tuning into our podcasts and
In our assessment period for since the September market peak. Motilal Oswal Financial Services. Labs being examples) provided prices this year. tion followed by a panel discus- watching our videos. Do share
our stock calls (July 2023 to June Reiterating our cautious views on In-house expertise on interna- opportunities to accumulate on Keeping in tune with our cau- sion with various experts on the your valuable feedback too.
2024), we gave 117 calls across overvalued PSUs especially in the tional investing is our USP, but we dips. We also found that the 15 tious stance on equities as well as topic of retirement planning. This Happy New Year!

ALERTS.
DBS Bank launches ‘Study Abroad Total Assist’

DBS Bank’s ‘Study Abroad Total

Assist’, launched for its premium
customers, is aimed at addressing
the key concerns of students and
parents, including support for
managing finances and protection
against unexpected costs,
associated with overseas education.
Features include same-day zero fee international remittances,
comprehensive student travel insurance, education loans, zero
forex mark-up on overseas spending and remote overseas bank
account opening. The process is entirely digital and paperless, and
can be managed through the digibank app.

ICICI Pru launches life insurance product for

women-specific ailments

In mid-December, ICICI Prudential

Life Insurance in collaboration with
Reinsurance Group of America
(RGA) launched ICICI Pru Wish, a
life insurance product that caters to
women-specific critical illnesses
and surgeries. The product offers
an instant payout of up to 100 per
cent of the health cover amount on diagnosis of critical illnesses
such as breast, cervical and uterine cancers and heart ailments,
among others. Unlike standard plans, where the payouts are in the
form of reimbursements, this product offers a fixed lump sum on
diagnosis, providing flexibility to customers.

HSBC India and Taj Group

launch co-branded
premium credit card

HSBC India and Taj Group

launch India’s first premium
co-branded hospitality credit
card, curated for luxury
enthusiasts. Launched in
collaboration with Visa, this
card offers exclusive accesses,
elevated stay options, bespoke
experiences, discounts on
marquee brands, discounts on
luxury travels, and unlimited
access to domestic and global
lounges, amidst others. With
wellness tourism expected to
take off, this product aims to
cash in on it.

REAL ESTATE
SELLING
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RESORTS
GST NH nearby 4KMs, 12600 sqft
Farm Plots in goodfoodvillage.org
Ph.7358793579

CM
YK ... . . . . . . BM-BME
 4 . bl . Fund Insight
MUMBAI

businessline.portfolio
SUNDAY - DECEMBER 29 - 2024

ALERTS.
Mutual funds
year timeframe with the largest
allocation to small and mid-cap
companies. Although, investing Bandhan MF’s Nifty Alpha Low Volatility 30
higher in mid and small-cap Index Fund
stocks can result in delivering

to ride out
comparatively better returns, it Bandhan MF plans to launch its Nifty Alpha Low Volatility
also entails relatively higher 30 Index Fund. Tracking the Nifty Alpha Low Volatility 30
risk. Index, the fund is open-ended.
Performance as measured by The index intends to counter the
the five-year rolling return cal- cyclicality of single-factor index

volatility culated from the last 10-year

data shows that the fund de-
livered a compounding annual-
ised return of 17 per cent, while
the Nifty 50 – TRI posted 13.4
strategy and provides investors a
choice to take exposure to
multiple factors through a
single-index product. The Index
consists of 30 stocks selected
per cent. Meanwhile, the ag- from Nifty 100 and Nifty Midcap
gressive hybrid fund category 50. Minimum investment is
gave 12 per cent during the capped at ₹1,000 and in multiples
period. The fund has a higher de- of ₹1 thereafter. Exit load will be charged at 0.25 per cent
gree of risk in the category (17.3 only for redemptions made within 15 days. The NFO is
as against the category average open during January 8 to 20, 2025.
FUND CALL. Equity in of 14.9), as measured by the an-
nualised standard deviation cal-
aggressive hybrid funds helps culated for the last five-years. ICICI Pru MF launches Rural Opportunities Fund
Given that it produced better re-
deliver good returns during turns over a period of time, the ICICI Prudential Mutual Fund has announced the launch of
rallies, while debt exposure fund’s comparatively greater de- ICICI Prudential Rural Opportunities Fund, an open-ended
gree of risk within the category equity scheme, which will predominantly invest in sectors

GETTY IMAGES/ISTOCKPHOTO
helps cap losses amid can be justified. contributing to and benefiting
from rural India’s growth and
downturns ASSET ALLOCATION development. The fund is
ICICI Prudential Equity & market-cap-agnostic and
Debt Fund has done well in both designed to diversify across large,
equity market rallies and down- mid and small-caps. The fund will
turns. However, its perform- be benchmarked against Nifty
ance during market falls has Rural Index. Sankaran Naren and
Dhuraivel Gunasekaran been notable thanks to its Priyanka Khandelwal are the fund
bl. research bureau prudent in-house asset alloca- managers. The minimum
tion model based on the price- application amount is ₹5,000. The
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1845247
Indian equity markets have been to-book metric. Over the last fund is rated ‘very high risk’ on the risk-o-meter. An exit
on a roller-coaster ride over the five years, equity allocation has load of 1 per cent applies for redemptions within 12
last four months. A host of been kept between 65 and 75 per months. The NFO is open during January 9-23, 2025.
factors triggered volatility and cent. The scheme’s low volatil-
dampened investor sentiments ity has led to superior risk-adjus-
including tepid second-quarter ted returns when compared to
(Q2) earnings, relentless sell-off those of peers over the long- ETF movers
by foreign institutional in- term. One reason is it invests Top ETFs (Exchange Traded Funds) traded on NSE based on
vestors, rising valuations of do- more in high-quality large-cap weekly change in price
mestic mid and small-cap stocks stocks, so as to reduce the risk
alongside escalating geopolit- while generating better returns. Weekly Volume traded
NAV (₹) Price (₹)
change in the last
ical tensions. The scheme uses a blend of in price week
Investors with a medium-risk top-down and bottom-up ap- as on Dec 27 (%) (in '000s)
profile, who are concerned proaches for stock selection. ETF
about the current market volat- The fund managers prefer to fol-
Motilal Oswal Nasdaq Q50 73.4 88.7 9.7 1,048
ility, can consider investing in low the counter cyclical pattern
balanced mutual fund schemes in sector selection, contrarian Motilal Oswal Nasdaq 100 179.4 217.5 8.2 2,726
that have a mix of equity and style of investing and a bottom- Mirae Ast S&P 500 Top 50 48.8 59.1 5.5 755
debt in their portfolio. up approach. Earlier known as Mirae Ast NYSE FANG+ ETF 113.6 138.1 4.7 1,403
Balanced funds can serve you Escorts Balanced Fund, the
the purpose of limiting your Quant Absolute Fund has been ICICI Prudential Silver ETF 88.9 89.1 3.5 5,273
portfolio risk in equity market one of the top active funds Nippon India Silver ETF 85.6 85.7 3.3 21,817
downturns. Aggressive hybrid within the category, both in DSP Silver ETF 85.9 86.1 3.3 157
funds is one such category that terms of churning within the
invests between 65 and 80 per equity market capitalisation GOLD ETFs
cent in equity with the rest be- segments and also among the LIC MF Gold ETF 6,981.3 6,959.3 1.8 3
ing parked in debt assets. The permitted asset classes. Groww Gold ETF 76.1 76.2 1.6 310
higher allocation to equity can ICICI Prudential Gold ETF 66.1 66.2 1.5 7,013
help deliver good returns during LARGE-CAP HEAVY
equity market rallies, while the In contrast, four years ago, Source: Bloomberg. Returns as on December 27, 2024
debt exposure helps cap losses when the fund operated with a
amid market downturns. significant portfolio of mid-cap
Aggressive hybrid funds fol- and small-cap stocks, its equity Best NPS plans
low a static asset allocation of portion is now fully invested
maintaining their equity expos- with large-caps. Top pension funds in each category based on 5-year CAGR
ure between 65 and 80 per cent Its equity portion is built with NAV
Returns (% CAGR)
while the balanced advantage the quantitative approach based (₹) Assets
Name of the fund
as on (₹ cr)
funds, another hybrid category, on the proprietary VLRT frame- Dec 27 1-year 3-year 5-year
has the leeway to move between work, that includes aspects re-
equity and debt without any re- lated to the three axes of Valu- TIER I: EQUITY PLANS
striction. These funds maintain ation, Liquidity, and Risk UTI Retirement Solutions 70.3 22.0 17.3 18.0 3,104
a well-rounded equity compon- appetite. On the debt side, the ICICI Prudential Pension Fund 70.6 18.7 16.6 17.9 17,590
ent, with exposure to large, mid, fund follows a low to moderate
and small-caps, while the debt duration strategy that aims to Kotak Pension Fund 64.5 16.5 16.1 17.6 2,616
portion generates yields generate income and minimise TIER I: GOVERNMENT BOND PLANS
through a mix of credit, interest return volatility. ABSL Pension Scheme 18.1 10.5 7.2 7.5 1,068
rate, and duration strategies. Performance as measured by
LIC Pension Fund 29.1 10.7 7.1 7.5 6,337
Here are the three aggressive the five-year rolling return cal-
hybrid funds short-listed from culated from the last 10-year HDFC Pension Fund 27.0 10.6 7.0 7.5 33,089
among those rated four and five data shows that the fund de- TIER I: CORPORATE DEBT PLANS
star by bl.portfolio Star Track MF livered a compounding annual- HDFC Pension Fund 27.6 9.8 6.8 7.8 20,215
Ratings. ised return of 17.6 per cent (top
ABSL Pension Scheme 18.5 9.5 6.6 7.6 621
within the category), while the
BETTER RETURNS Nifty 50 – TRI posted 13.4 per UTI Retirement Solutions 36.9 9.3 6.4 7.4 1,262
Bank of India Mid & Small cent. Meanwhile the aggressive TIER I: ALTERNATIVE INVESTMENTS
Cap Equity & Debt Fund has hybrid fund category gave 12 per SBI Pension Fund 20.2 12.9 8.0 9.4 100
been the top fund in the aggress- cent during the period.
ive hybrid category in the last 5- HDFC Pension Fund 19.5 10.6 8.4 8.1 313
LIC Pension Fund 18.1 9.3 6.9 7.0 23

*Source: NPS Trust. Returns as on December 27, 2024

bl. research bureau

As you begin your investment Top PMS schemes

journey, taking the SIP (system-
atic investment plan) route to
buy mutual funds is a popular
route. You commit a certain sum
Pausing Based on 5-year returns

AMC Strategy
AUM
(in ~ cr)
Returns (% CAGR)

1-year 3-year 5-year

your SIPs
based on your goals and risk ap-
petite. But what if you fall short LARGE CAP
of the saving target? A job loss, ICICI Pru Largecap 607 36.7 23.2 22.4
wage cut, sudden cash outflow Renaissance
Opportunities NA 30.3 21.0 21.2
due to medical or any other Investment
emergency or some such reason Agreya Capital
could mean that you would need Momentum NA 24.8 15.9 20.9
Advisors
to hold in your monthly SIP BACK TO BASICS. How to stop Asit C Mehta Invest.
ACE - 15 NA 31.0 23.3 20.4
GETTY IMAGES/ISTOCKPHOTO

commitments. You can hit the Intermediates

pause button or stop SIPs. But or pause your SIP investments
MULTI CAP
doing so involves some steps.
Here’s more on how you can Negen Capital Special Situ
1,028 38.7 28.0 38.0
Services & Tech Fund
stop or pause your SIPs.
Nearly all mutual fund houses Bonanza Portfolio Edge NA 32.2 32.3 36.8
provide their investors with SIP Valuequest
Platinum 3,109 32.7 26.0 36.3
Pause Facility. The maximum Invest. Advisors
time period for which one can the fund house at least 30 days to avail the facility wherein in- registered directly with them Stallion Asset Core Fund 3,815 70.5 33.9 36.0
pause SIPs varies. For instance, beforehand. WAIT AND WATCH formation such as PAN number, and not with the fund house.
Bonanza Portfolio Multicap NA 26.8 30.0 34.5
ICICI Pru, ABSL and Parag Do note that certain fund folio number and bank account In case SIP is made through
Based on your cashflows, Estee Advisors Long Alpha NA 34.1 24.0 32.8
Parikh allow pausing SIPs for up houses such as Axis MF and Nip- number are required. Further, standing instructions, one need
job prospects and
to three months. In the case of pon India MF let investors avail one can also avail the facility by to provide ‘stop payment’ in- MID-CAP
Kotak MF and Nippon India MF, the facility only after comple- surplus, you can keep filing the SIP Pause form at the struction to the bank wherein if
your systematic Unifi Capital APJ 20 NA 19.8 19.4 37.0
it is six months, while SBI MF al- tion of six SIP instalments. Ma- branch of the respective fund the instruction stays for more
lows it for even a year. Further, jority of fund houses allow the investments on hold house or CAMS. than two months, the SIP gets Asit C Mehta Invest.
Ace - Midcap NA 45.2 33.1 31.7
Intermediates
fund houses such as Nippon In- facility for monthly SIPs only However, do note that this fa- automatically cancelled. Fur-
dia and Axis allow pauses twice while investors of certain fund amount post completion of cility and the process is applic- ther if you have initiated your NAFA Asset Emerging
NA 28.4 23.1 29.7
Managers Bluechip
during the SIP tenure while Ko- houses such as Kotak and PPFAS pause period shall be ₹6,000. able only for AMC-initiated SIP through MF Utility, you can
tak and SBI investors can pause can avail it for quarterly SIPs Some mutual funds provide debit feeds such as ECS (elec- use its Stop SIP and Start (SIP- Master Portfolio Master Trust
NA 21.1 18.5 29.7
Services India Growth
their SIPs anytime during the too. SBI is one of the few fund the SIP Pause facility only for tronic clearing system), NACH SaS) feature to pause the SIP.
tenure. houses which allows its in- those who have paid at least six (National Automated Clearing Remember that the pause re- SMALL CAP
In order to avail the facility, vestors to pause SIPs across all SIP instalments. House of the National Payments quest should be placed with the Counter Cyclical Diversified
637 43.5 43.7 71.7
investors need to notify the fund frequencies. Corporation of India) or direct same entity through which the Investments Long Term Value
house beforehand. Kotak and Another aspect is on step-up THE PROCESS debit. It is not applicable for original SIP was registered. Accuracap Dynamo NA 45.6 33.0 41.3
SBI investors need to notify the SIPs. Let’s say, the investment One can avail Pause SIP facility SIPs registered through other If you make investments via
Equitree Capital Emerging
fund houses 15 days prior to the amount prior to pausing SIP it is either through online or offline means such as Mutual Fund an online aggregator portal (as Advisors Opportunities
NA 52.2 41.1 40.4
next SIP instalment. For ABSL, ₹5,000 and step-up amount is mode. You can pause the SIP on- Utility, stock exchange plat- distributor or direct mode), the
Aequitas Invest. India
Axis and Nippon the same is 10 ₹1,000. If the pause period is line by visiting CAMS or forms and in certain cases when entity will mostly allow the Consultancy Opportunities
2,974 16.9 39.2 39.4
days while ICICI Pru and Parag completed after the date of step- Kfintech websites. You can also standing instructions have been pausing facility without
Parikh investors should notify up, then the SIP instalment visit the respective fund houses given to the bank where SIPs are difficulty. *Source: PMS Bazaar. Returns as on Nov 30, 2024

CM
YK . . . . . . . . BM-BME
 Taking Stock . bl . 5
MUMBAI

businessline.portfolio
SUNDAY - DECEMBER 29 - 2024

It all hinges on execution businessline’s editorial policy prohibits analysts from

taking positions in the stocks they recommend — Editor

REALITY CHECK.
BANKING. Given Canara Bank’s track record of achieving guided figures, investors can accumulate the stock on dips
per cent as of FY19 to 20.4 per ment notes that the slow growth
Nishanth Gopalakrishnan
bl. research bureau
cent (H1 FY25 annualised).
The stock has corrected from
in advances is primarily due to
the shedding of low-yield cor- Nasdaq Composite takes
The shares of Canara Bank, In-
dia’s fourth-largest PSU Bank by
its recent peak of ₹128.25 (June
3, 2024) by 22 per cent and now
trades at ₹100.40. At the said
porate advances. Of such ad-
vances identified, the bank has
withdrawn sanctions for about
top spot amongst major
loan book, have been on a bull
run ever since the rebound after
peak, the stock commanded a
price-to-book value (P/B) mul-
₹40,000-crore worth loans. For
FY25, the management has
global indices
Covid-lows. From the lows of tiple of 1.2 times. It now trades guided for a 11 per cent growth bl. research bureau
March 2020 to the recent highs at a P/B multiple of 0.9 times. A in loans, with a higher focus on
in early June this year, the stock conservative sum-of-the-parts retail growth. As CY24 draws to a close, it is good time to assess how
has grown about 8.5 times at a (SOTP) valuation reveals a tar- Though this may be closer to major global indices fared. Of course, when compared
staggering CAGR of 66 per cent. get price of ₹113, showing lim- what the system has grown so to the around 170 per
This comes on the back of bal- ited upside. At ₹113, the P/B far in FY25, the bank’s peers SBI cent returns
ance sheet clean-up, resulting in multiple works out to 1x. and Bank of Baroda (BoB) have delivered by
improvements in asset quality. The standalone banking busi- guided for higher growth rates. Argentina’s
The gross NPA (GNPA) ratio, ness constitutes 93 per cent of SBI has guided for a 15 per cent benchmark index –
which was at 8.8 per cent as of the target price and we have val- of 1.6 times with an RoE of 21.8 growth, while BoB has guided MERVAL, all other
FY19 and peaked at 8.9 per cent ued it at a conservative 1x P/B. per cent (H1 FY25 annualised) ACCUMULATE for up to 14 per cent. global indices pale in
in FY21, has declined to 3.7 per This is because PSU peers, and a GNPA ratio of 2.1 per cent. Deposit growth, too, has been comparison.
cent as of Q2 FY25. The return such as SBI, have better asset Other key group entities in- Canara Bank ₹100.4 sub-system-level growth, des- Nevertheless, it has
on equity (RoE) also has im- quality metrics for a similar cluded in the SOTP valuation pite the bank’s cost of deposits been a good year for
proved in due course from 1.4 RoE. SBI trades at a P/B multiple are Canara Robeco AMC, Ca- WHY being a good 50 basis points all benchmark indices
nara HSBC Life Insurance and  Cleaner balance sheet higher compared with its PSU of major economies
Can Fin Homes. The AMC and  Improved RoE peers. in the world. Even
life insurance entities are smal- Though shedding of low-yield China’s SSE
 Fairly valued
ler compared with their key lis- loans and its effect on slow composite, which has
ted peers. Hence, their mul- growth in advances can be a seen underwhelming
tiples in the SOTP valuation are short-term phenomenon, inab- performance in
assigned at a 30 per cent dis- lio are noteworthy. The GNPA ility to mobilise deposits can recent years, gave
count to the average multiples ratio of the corporate book was weigh on the growth in advances double-digit returns
of their respective listed peers. at 12.6 per cent in FY19. It has in the long term. for the year.
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Can Fin homes is valued on an been brought down to 3.7 per For FY25, the management While Nifty 50’s close to 10 per cent returns in
actual basis, as it is a listed en- cent as of Q2 FY25. This has has guided for a GNPA ratio of CY24 is half of the 20
tity. A 30 per cent holding com- been made possible by increas- 3.5 per cent, net NPA ratio of 1.1 per cent returns it
pany discount is ascribed to all ing credit to quality borrowers. per cent, provision coverage ra- delivered in CY23,
the group entities. The share of loans advanced to tio of 90 per cent and credit cost investors do not have
The bank recently announced borrowers rated A and above has of 1.1 per cent. The bank has much to complain
that it has received regulatory been taken up to 78 per cent either already achieved these given on a five-year
clearances for divestment of 13 now from 66 per cent as of FY19. metrics or is well poised to basis, Nifty 50 is
per cent and 14.5 per cent re- Retail/ Agri/ MSME GNPA ratios achieve them comfortably. The second
spectively in its AMC and life in- as of FY19 – 1.8 per cent/ 5.5 per metrics as of Q2 FY25 stand as best-performing
surance entities. Per regula- cent/ 9.6 per cent have also im- in the infographic. index after the
tions, the bank is supposed to proved to 1.1 per cent/ 3.7 per However, the fact that such Nasdaq Composite.
bring down stake in these entit- cent/ 7.7 per cent as of Q2 FY25. numbers are still on the higher The accompanying
ies to under 30 per cent by Octo- side, compared with its peers four charts compare
ber 2029 through IPOs. GOING FORWARD such as SBI and BoB, justifies the how the major global
Between FY19 and FY24, the absence of a premium valuation. indices have fared.
BALANCE SHEET CLEAN-UP banking system (commercial Given the track record of the The returns here are
The loan book constitutes 19 banks combined) grew its ad- management in achieving the in local currency and
per cent retail loans, 24 per cent vances and deposits at CAGRs guided figures, long-term in- excluding dividends.
agriculture loans, 14 per cent of 12 per cent and 11 per cent re- vestors can accumulate the Driven by the AI
MSME loans and corporate spectively. Canara Bank sur- stock on dips. frenzy and
loans - 43 per cent. passed the system-level growth At lower levels from current Magnificent 7 stocks,
Like its PSU peers, the bank with CAGRs of 17 per cent each. price, there is more comfort in the Nasdaq
has streamlined its underwrit- In H1 FY25, the system-level the valuation and the stock of- Composite is the best
ing standards and has cleaned advances/deposits growth has fers higher margin of safety. performing index for
up its balance sheet of legacy as- been 13/12 per cent. But the There can be a positive rerating the second year in a
set-quality issues. These with same for Canara Bank has been as and when the management row.
respect to the corporate portfo- 9.5/9.3 per cent. The manage- executes its guidance. On a five-year basis
too, Nasdaq
Composite leads,
with Nifty 50
WHAT WORKS bettering S&P 500 for
Arun K Shanmugam
bl. research bureau
Riding on CAPITAL GOODS.
Shivalik Bimetal Controls
operates in niche segments
The company incurred a capex
of ₹75 crore over FY21-23. And
with another ₹20-30 crore that
the second spot.
However overall,
the quality of Nifty 50

sunrise
Manufacturing key components will be spent over FY24-26 for returns can be
that go into electric vehicles brownfield expansion, the peak termed superior,
(EVs), battery management sys- with limited competition revenue potential, according to given its PE multiple
tems (BMS), smart meters and the management, is ₹1,600 has marginally
and high-entry barriers
switchgears, Shivalik Bimetal
Controls (SBCL) has been
quietly making its presence felt
with a 130 per cent return for its
sectors crore, which is more than three
times its FY24 revenue. SBCL
also boasts of machine building
capability of critical processes at
contracted in the last
five years. Thus its
entire upside has been on the back of stellar earnings
growth. Germany’s
investors in the last three years. a cost which is a fraction of DAX and UK’s FTSE
Broadly operating under global alternatives. 100 are the other
three revenue verticals – ther- Considering the critical ap- indices that have % change in PEmultiple
mostatic bimetals, shunt resist- plications of its products, cus- witnessed multiple in last 5 years
ors and electrical contacts – all tomers often have detailed and contraction. 32.0
critical components and con- lengthy approval cycles (around As compared to this,
sumables in the above-men- three-five years). The ratio of Nasdaq Composite 19.5
tioned sunrise sectors, SBCL’s costs of shunt resistors to cost and S&P 500 have
revenue/ EBITDA/ PAT has of end-use machineries into witnessed significant 7.0
grown at a strong CAGR of 21 which they are consumed such multiple expansion in
per cent/ 24 per cent/ 28 per cent as EVs and smart meters is im- the last five years, -5.5
in the last five years. The com- material (around 1 per cent) and reflecting the weight
pany also has a net cash position hence, customers prefer to out- of AI expectations -18.0
as of H1 FY25. One of the very source it than backward integ- loaded in at current
Dow Jones
S&P 500
Nasdaq Comp
DAX
Nikkei 225
FTSE 100
SSE Composite
Nifty 50

few vendors with the niche cap- ACCUMULATE rate. Around 75 per cent of SB- levels. Any miss vs
expectations can
ability of manufacturing special- CL’s offerings are customised
ised shunts using electron beam Shivalik Bimetal around customer requirements, result in multiples
welding (EBW) process, the Controls ₹579 resulting in high switching costs contracting.
company has no peers in India for customers and at most
with similar comparable manu- WHY times, tedious. About 40 per
facturing prowess.  Proxy play to three cent of its shunt business and 30
The temporary slowdown growth segments per cent of its bimetal business
from the US markets is expected  Customer stickiness and came from the top 5 customers WHO AM I?.
to pick up pace from Q4 of FY25, long approval cycles
in each segment in FY23 (latest
based on positive enquiries data available).
from its largest customer. Nev-  Proprietary machine Demand from the automotive Are you an avid investor? How well do you
ertheless, the growth in other building capacity of segment is expected to pick up know corporate India?
geographies has outshone the critical processes considering EVs need around 8-
degrowth in the US in H1 FY25, 16 times more shunt resistors Here’s a challenge. Using the five clues below, identify the
indicating resilience in demand than ICE vehicles, apart from company that is being talked about here
for its products. is on the back of commodity various use-cases in BMS. Gov-
Trading at a TTM PE of
around 41 times, the share price
prices – primarily, copper and
nickel which account for around
ernment of India’s Smart Meter
National Programme aiming to
1 While I carry my current corporate name only
since 2008, one of my subsidiary still carries the
of the company has largely 50 per cent of total costs – replace 250 million conven- same name under which I got incorporated in the
stayed flat in the last 12 months. softening from January 2023. tional meters by 2027 bodes well 1920s.
And with the stock having cor- Price of copper and nickel have for both shunt resistors and
rected around 25 per cent from corrected around 5 per cent and electrical contacts. The 2 Though I am a small-cap stock, I used to be part
of all mainstream indices, including Sensex.
its peak in July 2023, investors 48 per cent since January 2023. switchgear segment, on the
could consider accumulating While copper prices have been other hand, is expected to re- Despite my current stock price growing 30 times
the stock on dips from here, volatile during this period, main robust with sustained ef- to that of Covid-lows, it is still less than half the
considering the above factors. nickel has been largely on a forts to modernise grids and price I was trading in 2011 when I got dropped
downward slope. again electrification. from Sensex
BUSINESS AND PRODUCTS EBITDA margins too dropped SBCL, thus offering a proxy
SBCL, incorporated in 1984, set year on year owing to fall in ex- play to three sunrise sectors, 3 Public ownership is more than the cumulative
total of promoters, FIIs and DIIs.
up the first plant in Asia to man- port volumes from around 60 seems to be well placed to ride
ufacture thermostatic bimetals
in 1986. The company launched
cent each to the topline, while
electrical contacts bring in the
on and off switches, are used
across electrical appliances,
per cent in H1 FY24 (and entire
FY24) to 55 per cent in H1 FY25,
the tailwinds. 4 I have been a dominant player in several
businesses that are fancied by investors in recent
cathode ray tubes (CRT) in the rest. smart meters, switchgears and an unfavourable product mix POINT TO NOTE years. While my annual operating revenues from
1990s, which found applications Thermostatic bimetals, used wires, and accessories. This is with volumes of shunt dropping On September 27, the Sandhu such businesses are more than twice my market
in CRT TVs. With the same be- as part of overload protection lower on the margin profile as a percentage of the overall family – co-promoters – exited capitalisation, it’s difficult to ascertain the
ing superseded by flat LCD, LED devices, find application in when compared with the other volumes, and electrical contacts the company. This resulted in liabilities.
type TVs, this product became switchgears, electrical appli- two products. coincidentally growing in the remaining promoter (man-
gradually obsolete since FY11 ances, medical devices and EVs. volume. Recovery on this front aging promoters) – the Ghum- 5 I now have an independent board, thanks to
regulatory intervention and not due to the high
resulting in stagnation in rev- Shunt resistors help measure OPERATING METRICS is expected from rebound in man family – raising its stake
enue upto FY14. But with the and sense the flow of electricity H1 FY25 saw revenue decline of shunts business and export from 25.5 per cent to 33.15 per corporate governance intent of the promoter
launch of shunt resistors and re- in a circuit. These find critical 0.9 per cent year on year to volumes. cent and the entry of institu- family.
newed focus on thermostatic bi- applications in automobiles, ₹252.6 crore, despite a nominal Smart meter as an end-use tional investors in a big way Send your answers by Wednesday 6 p.m. to [email protected],
metals, SBCL revived its busi- smart meters, power modules volume growth of around 3 per segment contributed to around (from around 2 per cent prior, to with your full name, postal address and phone number. A lucky winner in each
week will get a book sponsored by UNIFI Capital as a reward.
ness, building capabilities in and BMS. Shunts are relatively cent. A similar trend was ob- 30 per cent of the shunt sales in 20 per cent now). The exiting
advanced and complex manu- higher margin products and en- served in FY24 as compared H1 FY25, while automotive sec- promoter had been selling Contributed by
Last week’s stock:
facturing technologies like EBW joy a 3-5 per cent delta over bi- with FY23, where despite tor contributed to 60 per cent. minor stakes since June 2023 Can Fin Homes
and diffusion bonding. metals, EBITDA-wise. around 9 per cent volume In case of bimetals, switchgear and this complete exit clears the Last week’s winner:
Currenty, shunts and bimet- Electrical contacts, which are growth, revenue growth came in segment contributed to around cloud around such promoter Sampada Bhat
als contribute to around 45 per the contact points when we turn at a lower 8 per cent. This trend 80 per cent of the sales. stake-selling.
CM
YK ... . . . . . . BM-BME
 6 . bl . Do The Derivatives
MUMBAI

businessline.portfolio
SUNDAY - DECEMBER 29 - 2024

23,550. Book profits at 23,100. Global View

Bears maintain BANK NIFTY

Bank Nifty futures (January)
(51,724) appreciated 1 per cent
over the last week. Likewise in
Copper steady
on tight supply
advantage Nifty futures, the gain was
mainly because of the gap-up
open on Monday. In the follow-
ing sessions, the contract was
charting a sideways trend.
Reuters

Copper prices were little

changed on Friday, with
The price action since July tightness in concentrate
F&O TRACKER. Nifty futures, shows that Bank Nifty futures supply offsetting pressure
has largely been trading between from a firm US dollar, while
Bank Nifty futures below 49,800 and 54,000. Although the most other base metals drif-
contract is now closer to the bot- ted lower.
key barriers tom of the range, there are no Three-month copper on
signs of a bullish reversal. the London Metal Exchange
Given the prevailing condi- (LME) steadied at $8,957 a
tions, we anticipate Bank Nifty metric ton by 1301 GMT
futures falling to 49,800 in the after touching its highest

GETTY IMAGES/ISTOCKPHOTO
near term. A breach of 49,800 can since Dec. 18 at $9,018.50.
intensify the sell-off, potentially Prices are up 4.6 per cent this
leading to a swift decline to year.
48,000.
But if the contract rallies from
the current level and breaks out
of 52,000, its nearest resistance,
the upswing can extend to the
wick. So, the sellers are present 53,800-54,250 price band. But for
Akhil Nallamuthu at higher levels and as it stands, STRATEGY Bank Nifty futures to establish
bl. research bureau rallies are being sold into. the next leg of long-term up-
 Option positioning shows
The chart also shows that swing, it should decisively breach
some positivity
Nifty 50 (23,813) and Bank Nifty Nifty futures face a resistance 54,250. The dollar index was on
(51,311), largely due to the gap- between 24,000 and 24,250. So  But one more downswing Strategy: Considering the track for a fourth straight
up open on Monday, posted a long as the contract trades below is possible current conditions, traders can weekly gain, reflecting
gain of 1 and 1.1 per cent respect- 24,250, the broader bias will be  Traders can consider short Bank Nifty futures at strength that makes dollar-
ively last week. Here is an ana- bearish. There is a chance for short positions 52,000 with a stop-loss at 52,500. priced metals more expens-
lysis of the futures and options Nifty futures to see one more leg When the contract slips to ive for buyers holding other
1845247

1845247
data of both indices. of fall from here, possibly to 51,000, trail the stop-loss to currencies.
23,000. 52,000. On a fall to 50,500, China’s top copper smelt-
NIFTY 50 On the other hand, if the con- puts when they expect the under- tighten the stop-loss to 51,200. ers agreed to lowering of
Nifty futures (January) (23,993) tract breaks out of 24,250, the lying to go up. Nevertheless, for Book profits at 50,000. price guidance on processing
was up 0.8 per cent last week. The outlook can turn positive and can Nifty futures to build a sustain- In case of both Nifty and Bank charges for the first quarter
intraweek price action shows lift it to 25,000, a notable barrier. able rally, it should surpass the Nifty, instead of going short on of 2025, reflecting a lingering
that the contract began last week Subsequent resistance is at hurdle at 24,250. futures contracts, traders can shortage of copper
with a gap-up open but then was 25,200. Strategy: Short Nifty futures consider buying put options. concentrates.
moving across a sideways trend The Put Call Ratio (PCR) of at 24,000 and place a stop-loss at We suggest buying the at-the- “In 2025 the rate cuts
through the week. Nifty January month options 24,250. When the contract falls money put option of the January should lift economic activity
The candlestick on Friday stood at 1.3. This means that to 23,600 after the trade is initi- monthly series. Entries and exits and boost demand for cop-
shows that the attempt to re- traders have written (sold) com- ated, trail the stop-loss to 24,000. can be based on the movement in per. China will likely return
cover faced a considerable sell- paratively more put options than Further, when Nifty futures slips futures contract of the respect- to the market while mine
off, leading to a longer upper call options. Participants write to 23,300, tighten the stop-loss to ive indices. supply is another factor to
watch out for,” said Ajay Ke-
dia, director at Kedia Com-
modities in Mumbai.

When time flies “The first quarter of next

year is likely to see the cur-
rent consolidation continue,
but prices should move
higher in the second
MASTERING DERIVATIVES. A time butterfly involves the same strike across different time periods quarter.”
from the position could be 104 China, the leading con-
Venkatesh Bangaruswamy points (508 less 370 less 34) sumer of base metals, an-
If the near-week contract is nounced various stimulus
There are several strategies you close to expiry, you could set up a Change in Open Interest (OI) measures this year to main-
can set up when you expect an time butterfly with the lower tain stable economic growth
underlying to move within a strike being the next-week ex- FII Retail as it prepares for increased
range in the near term. These piry; for instance, January 2/ Scrip Weekly Weekly trade tensions with the US
As on As on
strategies typically gain from January 9 and January 16 strikes Dec 27
change
Dec 27
change after Donald Trump’s return
% %
time decay and delta. This week, for a net debit of 32 points. If the to the White House.
Future Index Long 45536 -63 435712 -11
we discuss one such advanced Nifty Index were to move to
GETTY IMAGES/ISTOCKPHOTO

Future Index Short 220084 -19 208221 -21

strategy called time butterfly. 24000 three days before the ex- Short Take
piry of the middle-week contract, Net Futures -174548 18 227491 1
DOUBLE CALENDAR
A time butterfly (also called time
the farther-week expiry could be
worth 449 points. Therefore, the
Index Call options Long 680357 -66 3180036 -64 Shriram
fly) involves the same strike
across different time periods.
spread could be worth 259 points
(740 less 449 less 32).
Index Call options Short
Net Call options
632088
48269
-71
-130
3120232
59804
-64
-81
Finance F&O
Take the 23800 strike on the
Nifty Index. A long time butterfly OPTIONAL READING
Index Put options Long 1027180 -52 2590261 -47 contract
involves going short one con-
tract of the near-week strike,
decay on the near-week expiry
and from delta gains (often
You must consider two import-
ant factors before setting up a
Index Put options Short
Net Put Options
704122
323058
-60
-18
3207234
-616973
-44
-28
adjustments
LONG TIME
long two contracts of the middle- BUTTERFLY through intrinsic value) from the time butterfly. Firstly, the farther Akhil Nallamuthu
FIIs increased net short on index futures over the last week. However, they have turned net long
week strike and short one con- middle-week expiry. Note that the expiry, the lower its liquidity on call options from net short a week ago. Overall, no clear sign seen in their positioning.
Going short one contract bl. research bureau
tract of the farther-week strike. the farther-week contract will (January 16 strike will be less li-
If you were to break this posi- of the near-week strike, gather losses, as it will also move quid than January 9 strike). You
tion into two component posi- long two contracts of the into ITM along with the middle- must avoid setting up the posi- Shriram Finance (₹2,898.90)
tions, you will notice that there middle-week strike and week contract. The position gen- tion if the implied volatility of has announced a share split
are two calendar spreads within short one contract of the erates net gains because of the the farther-week expiry is low Stocks that witnessed major change in OI with a ratio of 5:1. So, the ad-
the time butterfly. First is a long farther-week strike ratio spread (two long contracts compared to the near-week ex- justment factor will be 5. The
Weekly Weekly split will lead to necessary
OI
calendar spread that is long the to one short contract). Suppose piry. Secondly, the position will Company Price (~) price OI
middle-week expiry and short the near-week contract expires attract margins because of the change %
(in lakh)
change % adjustments in the futures
the near-week expiry. The 26/January 2/January 9 expiry worthless and then the Nifty In- two short outer strikes. Finally, and options (F&O) contracts
RISE (as on Dec 27)
second is a short calendar spread with the Nifty Index at 23753. dex moves to 24000 three days note that most traders often on this stock on the record
NMDC 69.32 -2.4 4239.5 131.8 date.
that is short the farther-week ex- The position would benefit the before the expiry of the middle- prefer to instead set up a simple
piry and long the middle-week most when the middle week con- week contract. Then, the 23800 calendar spread. APLAPOLLO 1,514.95 -2.8 51.0 11.8 The company has decided
expiry. The long time butterfly is tract becomes in-the-money middle-week contract could be FALL (as on Dec 27) January 10 as the record/ef-
a net debit spread. Suppose you (ITM) after the near-week con- worth 254 for a total of 508. The The author offers training programmes for
fective date. On this day, the
ATGL 679.30 0.7 31.8 -69.6
set up a time butterfly for a net tract expires worthless. The long 23800 farther-week contract individuals to manage their personal
stock price and all derivat-
CESC 184.59 1.0 125.2 -61.6 ives contracts on Shriram
debit of 34 points with December time butterfly benefits from time could be worth 370. Total gains investments
ADANIGREEN 1,054.00 1.9 116.4 -60.6 Finance will be adjusted
CYIENT 1,930.80 0.3 8.2 -59.5
appropriately.

Direction remains blurred Signs of a rally ANGELONE 2,884.75 0.1 34.3 -59.1

BULLION CUES. Traders can stay out CRUDE CHECK. Consider taking long positions
Stocks in F&O ban (for trade on Dec 30)
Akhil Nallamuthu Nil
Akhil Nallamuthu With respect to adjust-
bl. research bureau bl. research bureau
ment in futures contracts,
the reference rate of the rel-
Crude oil prices rallied last week. evant contract on January 9
Gold ($2,620/ounce) was flat last The Brent crude oil futures on Change in OI and market positioning will be considered. Refer-
week whereas silver ($29.4/ the Intercontinental Exchange ence rate will be the mark-to-
ounce) lost 0.5 per cent. (ICE) ($74.2/barrel) appreciated Expiry Price (~) OI market settlement price of
Symbol date Indication
In the domestic market, gold 1.7 per cent. The crude oil fu- (2025) (Weekly change %) the relevant futures con-
futures (₹76,544/10 gm) was up tures on the MCX (₹6,035/bar- tract. So, the open positions
0.2 per cent and silver futures rel) was up 1.6 per cent. COMMODITIES (as on Dec 27) shall be carried forward to
(₹88,887/kg) gained 0.6 per cent. MCX-SILVER (₹88,887) point, making it a good support. ALUMINIUM 31-Jan 241.4 (1) 3265 (14) Long build-up January 10 at the daily settle-
Silver futures (March) attemp- BRENT FUTURES ($74.2) Just below this is another sup- COPPER 31-Jan 806.45 (0.6) 8339 (32) Long build-up ment price on January 9 di-
MCX-GOLD (₹76,544) ted for a recovery last week after Brent crude oil futures, since port at ₹5,850. Although the CRUDEOIL 17-Jan 6035 (1.6) 9174 (18) Long build-up
vided by 5, the adjustment
Gold futures (February) moved declining in the preceding one. mid-October, has largely been in chart shows that crude oil fu- factor.
up a little but was unable to cross However, it was blocked by the a consolidation phase. The price tures has a resistance at ₹6,100, CRUDEOILM 17-Jan 6037 (1.7) 10293 (29) Long build-up Suppose the nearest ex-
over the 20-day moving average resistance at ₹90,000. On the action resembles a triangle pat- the prevailing price action hints GOLD 05-Feb 76544 (0.2) 12779 (0) - piry futures closes at ₹3,000
(DMA), which is currently back of this, the contract saw its tern with its base at $70.50. at a possible rally from the cur- GOLDGUINEA 31-Jan 61901 (0.1) 6746 (29) Long build-up on January 9, it will be re-
at ₹76,960. price drop on Friday. Friday’s rally shows that the rent market price. The contract vised to ₹600 (₹3,000 divided
GOLDM 05-Feb 76573 (0.2) 20080 (48) Long build-up
Just above this lies the 50- The current chart set up de- contract has closed above the can rise to ₹6,500, a resistance. by 5). Also, the lot size will be
DMA at ₹77,320. notes that there is a possibility slope of the triangle, potentially Subsequent barrier is at ₹7,000. GOLDPETAL 31-Jan 7669 (-0.4) 79544 (37) Short build-up increased five times from
Therefore, the price region of for silver futures to see a further indicating that a rally is coming But if the contract falls from LEAD 31-Jan 177.9 (-0.6) 851 (75) Short build-up current 150 shares to 750
₹76,960-77,320 is a potential res- drop in price before a recovery. up. the current level, it can find sup- MENTHAOIL 31-Jan 932.9 (-0.7) 440 (101) Short build-up shares per contract. Hence,
istance band. But that downswing is likely to be But note that there is a minor port at ₹5,850 and ₹5,680.A there won’t be any change in
NATURALGAS 28-Jan 284.3 (-2.3) 11634 (28) Short build-up
That said, the price action at limited to either ₹86,800 or resistance at $74.30. A breakout break below ₹5,680 can drag the the contract value.
broader level shows that gold fu- ₹85,000. A breach of ₹83,000 can of this can lift the contract to $76 contract to ₹5,500, a key support. SILVER 05-Mar 88887 (0.6) 31931 (-7) Short covering Likewise, in options, all
tures is trading between two key intensify the sell-off. If the con- and then to $80. On the other Below this, the notable base is at SILVERM 28-Feb 88972 (0.6) 47335 (-4) Short covering the strike prices in the op-
levels of ₹76,000 and ₹79,000. tract starts rallying and sur- hand, if Brent crude futures de- ₹5,000. SILVERMIC 28-Feb 89006 (0.6) 154243 (-2) Short covering
tion chain of Shriram Fin-
Only a breach of either of the passes ₹90,000, it can extend the cline from the current level, it Trade strategy: Go long on ance will be divided by 5
boundaries mentioned above can upside to ₹94,000 or to ₹96,500. can find support at $72 and crude oil futures now at ₹6,035 ZINC 31-Jan 282.85 (1.5) 2999 (71) Long build-up from January 10. For ex-
potentially confirm the direction A breakout of ₹96,500 can turn $70.50. and on a decline to ₹5,900. Place CURRENCIES (as on Dec 27) ample, the strike price of
of the next trend. the trend bullish. Resistance stop-loss at ₹5,800. When the USDINR 29-Jan 85.81 (0.7) 2948882 (693) Long build-up 2,500 and 3,000 will be modi-
Resistance above ₹79,000 is above ₹96,500 is at ₹1,02,500. MCX-CRUDE OIL (₹6,035) price hits ₹6,300, revise the stop- EURINR 29-Jan 107.51 (0.8) 13144 (1681) Long build-up
fied to 500 and 600 respect-
₹80,200 whereas support below Trade strategy: Since there is The January crude oil futures loss to ₹6,180. Tighten the stop- ively. That said, the above
₹76,000 is at ₹74,000. some uncertainty with respect to bounced off ₹5,880 last week. loss further to ₹6,300 when the GBPINR 29-Jan 89.5 (0.7) 14831 (763) Long build-up measures are not likely to
Trade strategy: Refrain from the trend, we suggest staying out Both the 20 and 50-day moving contract touches ₹6,400. Exit at JPYINR 29-Jan 54.45 (-2.1) 378 (456) Short build-up impact the overall trend of
trading as the trend is unclear. for now. averages coincide at this price ₹6,500. this stock.
CM
YK . . . . . . . . BM-BME
 Chart-Gazing . bl . 7
MUMBAI

businessline.portfolio
SUNDAY - DECEMBER 29 - 2024

Sensex, Nifty 50 stable, TECH QUERY

range-bound I am holding Axis Bank shares at ₹810. What is

the long-term outlook?
GURUMURTHY K
bl.research bureau

Dhayaanithi M, Hosur

Axis Bank (₹1,077.50): The broader trend is up and

strong. The stock touched a high of ₹1,339 in July this
year and has been in a
corrective fall since
then. Immediate
support is at ₹1,060.
Next important
support is around
₹1,000. A fall below
₹1,000 is unlikely. The
stock can resume its
uptrend from around
₹1,000 and target
₹1,500 by the end of 2025. Keep a stop-loss at ₹970
and protect some profit. Revise the stop-loss up to
₹1,220 when the price goes up to ₹1,380. Move the
stop-loss further up to ₹1,340 when the price reaches
₹1,400. Exit the stock at ₹1,500. The bullish view will
go wrong if the stock declines below ₹1,000. In that
case, a fall to ₹920-₹900 can be seen.

GETTY IMAGES/ISTOCKPHOTO
INDEX OUTLOOK. Wait What is the short- and medium-term outlook for
ONGC? Can I buy at current levels?
for the range breakout to Maneel

get clarity on the next move ONGC (₹236.85): The short-term outlook is bearish.
The trend is down since August and is strong.
85,000 and higher levels. Resistance is in the
1845247

1845247
Gurumurthy K ₹270-₹280 region.
bl. research bureau
Nifty 50 gets a breather TRADING RANGE As mentioned last week,
75,000 is a strong support which There is room for a fall
27000  Nifty: 23,500-24,100 to ₹210-₹190. So, for
can limit the downside. We ex-
The Indian benchmark indices 26000  Sensex: 77,650-79,600 pect the Sensex to see a fresh the short term you can
opened the week with a gap-up. rally from around 75,000. As stay out of this stock.
25000
 Nifty Bank: 50,600, However, this broad
But thereafter, the Sensex, Nifty 51,800 such, a fall to 75,500-75,000 if
50 and the Nifty Bank index re- seen, will be a very good buying ₹210-₹190 is a strong
24000
mained stable and range bound opportunity from a long-term support zone which can
all through the week. The Nifty 23000 perspective. halt the fall. From a
Bank index was up just one per 54,500 can clear the way for this long-term perspective,
22000 there are good chances to see a rally from around
cent. Nifty 50 and Sensex on the rally. DOW JONES (42,992.21)
other hand closed the week 21000 So, any fall below 50,000 will The Dow Jones Industrial Aver- ₹200 to ₹350. You can buy at ₹215 and ₹195. Keep a
higher by 0.96 per cent and 0.84 be a good buying opportunity age witnessed some recovery stop-loss at ₹160. Trail the stop-loss up to ₹230 when
per cent respectively. 20000
for the long term. last week in line with our ex- the price goes up to ₹280. Move the stop-loss further
Among the sectors, the BSE pectation. It rose over a per cent up to ₹290 when the price touches ₹310. Exit the
19000
Auto index outperformed by SENSEX (78,699.07) intraweek to touch a high of stock at ₹350.
rising over 2 per cent last week. 18000 Sensex was stuck in between 43,373.98. But on Friday, the in-
The BSE Metals index, down Oct-23 Dec-24 78,170 and 79,050 last week. dex gave back most of the loss I have bought Lupin at ₹1,778. What is the
1.43 per cent fell the most. Within that, the index has and closed the week at technical outlook?
Pradeep Kabra, West Mumbai.
The global markets have 23,500-24,100 (wide) for some and 51,750 last week. It has closed the week at 78,699.07, up 42,992.21, up 0.35 per cent.
entered the year-end holiday time. A breakout on either side closed the week at 51,311.30, up 0.84 per cent.
season. So, the chances are high of 23,500 or 24,100 will determ- 1.09 per cent. Short-term view: The im- OUTLOOK Lupin (₹2,228): The stock has been in a strong
for the Indian market to remain ine the next leg of move. Short-term view: A trading mediate outlook is unclear. Sen- The broader picture is negative. uptrend since April 2023. Support is around ₹1,950.
stable for another week or two. A break above 24,100 will ease range of 50,600-51,800 is pos- sex can oscillate in a range of The resistance at 43,350 seems Chart indicates that one
As such we will have to wait for a the downside pressure. It will sible for a week or two now. A 77,850-79,600. We will have to to have held well. The turn- more leg of rally is still
breakout then take the Nifty up to 24,400- range breakout will then de- wait for the range breakout to around on Friday has reduced pending within the
24,500 in the short term. On the termine the next direction of get clarity. A break above 79,600 the chances of the extended rise broad uptrend. Lupin
FPIS SELL other hand, if Nifty declines be- move. A break above 51,800 can will ease the downside pressure. to 43,750-44,000 mentioned last share price has potential
The Foreign Portfolio Investors low 23,500, it can fall to take the index up to 52,500 first That break can take the Sensex week. Immediate support is at to target ₹2,700 . So,
(FPIs) sold Indian equities for 23,200-23,000. and then to 53,600 eventually. up to 80,000-80,300 initially. A 42,450. A break below it can take keep a stop-loss at
the third consecutive week. The Medium-term view: The re- Such a rise will keep the doors break above 80,300 will see an the index down to 42,200 ini- ₹1,880 and hold the
equity segment saw a net out- gion around 23,000 is a key sup- open for the Nifty Bank index to extended rise to 80,900 and tially. A further break below stock. Move the
flow of about $656 million. For port. If Nifty declines below it, 54,500 levels on the upside in higher. Such a rise will keep the 42,200 will drag the Dow Jones stop-loss up to ₹2,300
the month of December, there an extended fall to 22,500- the short term. doors open to test 82,300, an im- down to 41,700 and even lower. when the price goes up
has been a net inflow of about $ 22,000 is a possibility. However, On the other hand, if the in- portant short-term resistance in To avoid this fall, the Dow to ₹2,480. Revise the stop-loss further up to ₹2,580
1.97 billion into the equity seg- a fall beyond 22,000 is less likely. dex breaks the range below the coming weeks. Jones has to sustain above when the price touches ₹2,650. Exit the stock at
ment. If the FPIs continue to A reversal either from 23,000 or 50,600, it can fall to 50,000- On the other hand, if the Sen- 42,450 and rise above 43,350. If ₹2,700. The bullish view will go wrong if the stock
sell, then it can keep the indices 22,000 will be bullish. It will in- 49,800. A fall beyond 49,800 is sex declines below 77,850 it can that happens, then the extended declines below ₹1,950. That in turn will bring in the
under pressure. dicate the resumption of the less likely. We can expect the in- fall to 77,000-76,900 first. A fur- rise to 43,800 and 44,000 can danger of the stock price tumbling towards ₹1,500.
broader uptrend that can take dex to reverse higher again from ther break below 76,900 will in- happen.
NIFTY 50 (23,813.40) the index up to 25,000 and around 49,800. crease the downside pressure. If What is the outlook for IDFC First Bank? I have
Nifty remained stable after higher levels. Medium-term view: The big that happens, a deeper fall to bought this stock.
Balaji, Tirupur
opening the week with a gap-up. So, a fall to 23,000-22,000 will picture continues to remain 76,000-75,700 is a possibility.
The index oscillated between be a good long-term buying positive for the Nifty Bank in- Medium-term view: The
23,650 and 23,950. It has closed opportunity. dex. The 49,000-48,000 is a danger of a fall to 75,500-75,000 IDFC First Bank (₹62.50): The stock has been in a
the week at 23,813.40, up 0.96 strong support zone. As long as as mentioned last week still ex- strong downtrend since September 2023. There is
per cent. NIFTY BANK (51,311.30) the Nifty Bank index sustains ists. To negate this fall, Sensex room to test the next support zone of ₹59-₹58 in a
Short-term view: The near- Nifty Bank index struggled to above 48,000, the outlook will has to rise past 82,300. Only month or two. Even if a
term picture is mixed and un- get a strong follow-through rise remain bullish. The index can then the bullish momentum will bounce happens from
clear. Nifty can trade in a range above 51,500. The index was target 57,000-58,000 in the com- come back into the picture and this support zone, it may
of 23,650-23,950 (narrow) or range-bound between 50,950 ing months. A break above shall open the doors to target not be a trend reversal.
For the trend to reverse
IDFC First Bank share
price has to rise above
₹70. That looks unlikely
now. Even if that
happens, it may take a
lot of time. Although you
have not mentioned your purchase price, this is not a
stock to remain invested. So, exit the stock now. You
can consider reinvesting that amount in some other
stocks like Lupin or Axis Bank explained in the
previous questions.

Send your queries to [email protected]

BANDU’S BLOCKBUSTERS.
On April 1, four years back, piqued by the incessant jokes in the
village at his expense, Bandu Barve decided he’d had enough. It was
time for him to turn ‘smart’. His dead granny’s voice rang in his ears
— “Read the papers, Bandya, they tell you all.” So, off went Bandu to
the stash of newspapers on his father’s desk. As luck would have it,
the first paper Bandu got his hands on was The Hindu businessline.
The stock recos, in particular, had him in thrall. Soon Bandu
metamorphosed into an ace investor and trader.

Last week’s prize

These days, Bandu picks five winner
stocks each Sunday, which he Manickavasagan
believes will be blockbusters
over the next week Last week’s winning
stock
1 Devyani
Five-Star Business
International
BANDU’S PICKS

Finance

2 Hitachi Energy Closing price

India (Dec 20)
₹764.25
3 Campus
Closing price
Activewear
(Dec 27)
₹803.20
4 Himadri Speciality
Chemical Return:
5.1 per cent
5 CEAT

Here's your chance to match step with

Bandu. Guess the stock that will give the
best return by next Friday (BSE prices). By
Wednesday noon, mail us your pick and its
expected price rise to
[email protected] with
your name, mobile number and address. Scan to know the winner
One lucky winner will get a prize of ₹2,000. selection process

CM
YK ... . . . . . . BM-BME
 8 . bl . Take 500
MUMBAI

businessline.portfolio
SUNDAY - DECEMBER 29 - 2024

Valuation Radar: The Good, The Bad, The Ugly

Capital Consumer
The Benchmark indices, Sensex Nifty 50 Sensex Auto Bankex Goods Durables FMCG Healthcare IT Metal Oil & Gas Power PSU Realty Teck
and Nifty 50 were up 0.8 and 1 per
cent respectively last week. BSE P/E 21.9 22.8 23.0 13.7 47.1 94.7 42.9 45.1 34.3 15.4 12.4 29.7 12.2 63.0 37.8
Auto gained the most by 2.1 per P/BV 3.6 4.1 5.9 2.5 8.5 17.1 9.4 6.6 9.1 2.3 1.6 4.1 2.0 6.8 9.0
cent followed by BSE FMCG 1.3
per cent and BSE Healthcare 1.2 Dividend Yield 1.3 1.2 0.9 0.9 0.6 0.3 1.7 0.5 1.6 3.4 3.5 1.4 2.6 0.2 1.4
per cent. BSE Metals and BSE Weekly Return (%) 1.0 왖 0.8 왖 2.1 왖 0.8 왖 -0.6 왔 -0.2 왔 1.3 왖 1.2 왖 0.0 왔 -1.4 왔 0.7 왖 -0.9 왔 -0.5 왔 1.1 왖 0.0 왔
Power declined by 1.4 and 0.9 per Monthly Return (%) -1.9 왔 -1.9 왔 -1.7 왔 -2.3 왔 -3.1 왔 2.4 왖 -2.7 왔 3.8 왖 -0.1 왔 -4.2 왔 -2.5 왔 -6.2 왔 -4.7 왔 4.4 왖 -0.7 왔
cent respectively last week
Annual Return (%) 10.0 왖 9.2 왖 26.2 왖 6.9 왖 23.6 왖 28.5 왖 2.9 왖 42.9 왖 20.3 왖 10.1 왖 13.8 왖 21.5 왖 23.3 왖 37.3 왖 22.9 왖
The sector indices are disseminated by S&P BSE.

Company CMP EPS PE PB Year End Sales Profit Sales Profit Wkly ROCE DER Yr.High Yr.Low Company CMP EPS PE PB Year End Sales Profit Sales Profit Wkly ROCE DER Yr.High Yr.Low
Qty Qty TTM TTM Rtn Qty Qty TTM TTM Rtn

360 ONE [1] 1251.0 25.4 49.3 7.9 202409 56.9 32.0 47.7 41.5 -0.1 14.5 2.5 1309.0 591.6
Takeaways from Take 500
3M India 30427.4 542.7 56.1 16.0 202406 -0.3 21.6 3.0 23.3 -1.0 39.8 0.0 41000.0 28424.0 Metropolis Healt [2] 2057.8 28.9 71.3 8.9 202409 13.4 31.2 11.4 11.0 -0.1 15.7 0.2 2306.9 1450.1
Minda Corp [2] 496.9 10.9 45.4 5.7 202409 7.9 26.5 10.2 -5.9 -2.3 14.9 0.4 652.9 367.0
A ...................................................................................................................................................................................................... Wondering how to choose stocks for your Sales (TTM) and Profit (TTM) make Mishra Dhatu Nig 343.8 4.7 73.2 4.8 202409 15.0 69.1 7.7 -36.0 -0.4 7.0 0.4 547.5 305.0
A B B [2] 6857.4 79.7 86.1 22.9 202409 5.0 21.7 14.4 39.6 -1.0 30.4 0.0 9200.0 4342.2 portfolio from the dozens which are listed? the same comparisons for the trailing MMTC [1]
Motherson Wiring [1]
73.2
58.5
1.4
1.5
51.9
39.2
6.4
16.0
202409 -100.7
202409 10.8
-58.9
-2.4
-99.8
17.8
56.9
26.1
-1.5
-2.4
9.0
46.8
0.1 131.9
0.2 80.0
58.8
57.8
A B Real Estate 2500.7 25.1 99.8 6.9 202409 31.5 51.9 24.1 118.1 -4.7 7.8 0.5 3142.0 1204.9
Aadhar Hsg. Fin. 424.5 19.4 21.9 3.1 202409 21.6 15.3 27.5 34.8 -0.3 11.4 3.2 516.7 293.4 Or how to keep track of the ones you own? twelve months. Motil.Oswal.Fin. [1] 908.4 56.5 16.1 4.9 202409 72.1 110.9 73.8 133.6 -1.8 20.7 1.6 1063.4 302.6
Mphasis 2883.4 84.1 34.3 6.3 202409 7.9 8.0 2.3 -0.7 -2.2 22.0 0.1 3239.6 2180.1
Aarti Industries [5]
AAVAS Financiers
411.4 12.2 33.7
1661.1 62.0 26.8
2.7
3.5
202409
202403
12.0
21.4
-45.1
12.3
12.9
25.4
-0.8
14.2
1.8
-0.2
7.3
9.9
0.6 769.5 402.3
3.2 1978.3 1307.1
Well, the listings on this page help you sift Wkly Rtn (Weekly Return) gives the MRF 131457.4 4592.0 28.6 3.2 202409 10.7 -19.8 10.1 15.2 2.7 16.5 0.2 151283.4116414.9
Abbott India 29300.1 604.6 48.5 17.7 202409 9.3 14.6 7.6 18.8 2.3 44.7 0.0 30499.922520.0 through the leading companies on their change in the price of a stock in the last Multi Comm. Exc.
Muthoot Finance
6340.2 68.1
2068.5 116.5
93.2
17.8
20.4
3.1
202409 73.0
202409 36.7
705.6
20.0
51.8
30.1
674.2
17.5
-0.9
-0.3
4.7
13.4
0.0 7046.7 2917.0
2.7 2156.6 1262.3
ACC 2066.7 98.6 21.0 2.3 202409 4.0 -42.4 5.9 41.4 0.1 18.6 0.0 2843.0 1867.2
Action Const.Eq. [2] 1449.2 30.7 47.2 12.5 202409 12.4 28.2 23.4 55.2 -2.8 42.2 0.0 1693.1 818.2 fundamentals and keep an eagle eye on one week.
Adani Energy Sol 806.3 15.9 50.8 4.6 202409 68.3 144.7 49.1 44.9 5.0 9.2 2.9 1347.9 588.3 their financial performance. Here’s a short ROCE (Return on Capital Employed)
N .....................................................................................................................................................................................................

Adani Enterp. [1] 2409.3 49.8 48.4 6.0 202409 15.7 543.3 4.7 110.3 2.7 8.9 1.6 3743.0 2030.0 Narayana Hrudaya 1297.6 38.1 34.1 8.3 202409 7.3 -12.3 6.9 5.6 0.9 25.0 0.5 1445.1 1087.8
Adani Green 1053.8 8.6 122.4 15.8 202409 37.6 -4.2 18.6 -6.5 2.0 10.0 7.0 2173.7 870.9 guide to interpreting the numbers: tells you what returns a business is gener- Natco Pharma [2] 1390.8 108.6 12.8 3.5 202409 32.9 83.6 28.0 72.5 -2.0 29.6 0.1 1638.4 792.4
Adani Ports [2] 1230.8 47.6 25.8 4.7 202409 6.3 42.2 18.6 37.7 4.1 12.0 1.0 1608.0 993.9 Natl. Aluminium [5] 213.7 15.2 14.1 2.5 202409 31.5 458.3 4.5 119.0 -0.8 15.8 0.0 263.1 118.8
Adani Power 507.0 33.0 15.4 3.5 202409 2.7 -49.5 30.1 -38.3 1.7 30.1 1.0 896.8 430.9 CMP (Current Market Price) is the ating on the capital it uses. Navin Fluo.Intl. [2] 3312.8 43.7 75.9 6.7 202409 9.9 -2.9 -3.6 -40.7 0.2 10.3 0.5 3892.8 2876.5
Adani Total Gas [1] 679.3 6.4 106.4 19.1 202409 11.2 7.5 7.2 22.9 0.7 21.1 0.5 1198.0 550.3 closing price of a stock on BSE on its last DER (Debt Equity Ratio), which divides NBCC [1]
NCC [2]
93.4 2.1 45.2
279.2 13.6 20.5
10.8
2.6
202409 19.4
202409 10.1
-1.3
110.7
23.9
25.1
34.1
40.0
-1.1
-2.8
30.9
22.2
0.0
0.2
139.8
364.5
52.7
164.6
Adani Wilmar [1] 330.1 7.6 43.7 4.8 202409 17.9 301.4 0.3 435.5 13.4 9.2 0.3 408.7 279.2
Aditya AMC [5] 817.3 31.1 26.3 7.2 202409 26.6 36.1 20.7 34.8 2.1 34.9 0.0 912.0 450.0 traded day, usually Friday. a company’s total loans by shareholder Nestle India [1] 2165.4 32.9 65.7 52.3 202409 1.3 -7.4 5.5 9.8 0.1 69.2 0.1 2777.0 2146.5
Netwrk.18 Media [5] 73.1 -2.4 0.7 202409 -2.2 -215.4 8.5 -125.7 -1.6 -0.4 0.9 136.2 70.0
Aditya Bir. Fas.
Aditya Birla Cap
281.9 -6.3
183.2 14.2 12.9
7.4
1.7
202409
202409
12.9
35.7
-216.6
43.0
13.6
30.8
-37.8
39.7
-0.1
-1.6
0.0
10.1
2.2 364.5 198.5
4.1 247.0 160.7
EPS (Earnings per Share) is the net funds, indicates how indebted a company New India Assura [5] 207.4 8.3 25.1 1.1 202409 3.9 -49.1 9.4 43.8 -3.2 0.4 0.0 324.0 169.0
Aegis Logistics [1] 812.1 16.6 48.8 6.9 202409 41.8 -0.8 -6.8 14.7 -2.3 16.1 0.6 970.0 330.6 profit that the company has earned in the is. Newgen Software
NHPC Ltd
1623.7 20.8 78.1
80.4 3.0 27.1
17.5
2.0
202409 23.2
202409 4.1
47.2
-41.2
24.4
-5.9
42.0
-23.8
3.1
-1.3
25.9
7.4
0.0
0.8
1725.2
118.5
626.1
63.7
Aether Industri. 870.0 7.0 124.6 5.4 202409 21.1 1.4 -3.6 -33.4 -0.4 7.5 0.1 1066.3 775.0
Affle India [2] 1792.3 24.4 73.4 9.3 202409 25.9 37.8 31.7 29.7 3.8 15.8 0.1 1883.1 998.0 latest financial period, on each outstand- ROCE and DER give you the latest avail- Nippon Life Ind. 731.4 20.8 35.1 11.4 202409 43.7 47.3 35.4 49.4 -2.4 36.2 0.0 816.1 430.1
NLC India 238.9 13.2 18.0 1.9 202409 22.8 -15.9 -9.1 -4.4 1.3 6.1 1.4 311.7 193.0
AIA Engineering [2]
Ajanta Pharma [2]
3419.6 118.7 28.8
3039.5 70.0 43.4
5.0
10.3
202409
202409
-15.6
15.4
-5.7
10.8
-8.2
15.1
-1.6
32.5
1.9
6.6
22.8
31.6
0.1 4940.0 3282.2
0.0 3485.8 1981.2
ing share. Here, we capture each com- able year-end numbers for the company. NMDC [1] 69.4 7.1 9.7 2.2 202409 22.5 18.1 17.1 25.6 -2.5 28.3 0.1 95.5 63.5
Akzo Nobel 3412.8 95.5 35.7 10.9 202409 2.7 3.9 3.4 9.6 -5.0 39.2 0.1 4649.0 2265.1 pany’s total EPS for the last available trail- Yearly High and Low tell you the range NMDC Steel 43.7 -8.8 0.9 202409 448.8 -554.1 2177.1 -1861.7 1.4 0.0 0.3 73.7 42.9
Alembic Pharma [2] 1048.1 32.4 32.4 4.2 202409 3.3 5.0 6.0 19.8 -0.7 12.9 0.1 1296.2 750.3 NTPC 335.0 22.8 14.7 1.9 202409 -0.6 14.3 3.8 15.4 0.5 10.3 1.5 448.3 296.6
Alkem Lab [2] 5481.8 181.9 30.1 5.7 202409 -0.7 3.7 2.9 44.1 0.9 18.3 0.2 6440.0 4409.9 ing 12 months. that the company’s stock has spanned in Nuvama Wealth 6842.0 233.0 29.4 7.8 202409 43.0 77.5 46.4 89.5 -0.1 15.9 2.4 7648.0 3172.9
Alkyl Amines [2] 1834.7 32.9 55.8 7.2 202409 17.8 74.2 -4.4 -1.8 -2.0 16.2 0.0 2730.0 1805.0 PE (Price Earnings Ratio) is the single the last one year. Nuvoco Vistas 352.6 1.4 256.7 1.4 202409 -11.8 -5666.7 -6.0 -91.0 0.1 5.4 0.5 396.2 292.0
1845247

1845247
Alok Industries [1] 21.2 -1.8 -0.5 202409 -35.5 -249.9 -24.0 3.5 0.1 0.0 0.0 39.2 19.9
Amara Raja Ener. [1] 1219.7 53.7 22.7 3.1 202409 9.8 -1.2 15.1 17.8 1.9 18.8 0.0 1774.9 737.7 most important number to gauge if a stock Face value other than ₹10 per share is O .....................................................................................................................................................................................................

O N G C [5] 236.9 33.7 7.0 0.9 202409 7.3 -24.6 2.2 -15.8 -0.2 17.3 0.5 344.6 203.8
Amber Enterp.
Ambuja Cements [2]
7446.6 54.9 135.6
548.3 11.7 46.9
11.9
2.7
202409
202409
81.7
1.2
177.0
-29.4
17.3
5.3
18.5
21.6
21.8
-0.1
9.8
16.5
0.8 7977.7 2991.2
0.0 706.9 452.9
is expensive or cheap enough to buy. It di- mentioned in brackets next to the com- Oberoi Realty 2316.6 63.9 36.3 5.7 202409 8.4 29.0 8.0 18.4 3.1 16.3 0.3 2349.8 1268.0
Anand Rathi Wea. [5] 3981.8 63.0 63.2 30.1 202409 32.8 32.4 32.6 34.4 -2.0 51.5 0.1 4640.6 2499.7 vides the company’s current market price pany name. As far as possible, consolid- Oil India
Olectra Greentec [4]
425.1 51.5 8.2
1426.9 13.7 104.3
1.3
11.9
202409 -3.3
202409 70.5
0.0
163.3
10.6
27.1
12.2
44.8
0.9
-3.2
18.1
14.4
0.5 767.3 241.5
0.2 2222.0 1243.7
Anant Raj [2] 824.0 10.1 81.2 7.4 202409 54.3 75.7 52.3 68.5 -2.6 8.2 0.3 874.3 281.2
Angel One 2884.4 145.9 19.8 4.9 202409 44.6 39.1 55.6 29.0 0.2 38.7 0.6 3900.4 2027.3 by its EPS. ated numbers (latest available) have been One 97 [1] 1014.3 -31.6 4.5 202409 -34.1 -243.1 -10.6 -67.7 7.3 0.0 0.0 1063.0 310.0
Oracle Fin.Serv. [5] 12650.5 287.4 44.0 15.6 202409 15.9 38.4 18.1 36.0 3.3 37.1 0.0 13045.8 4177.7
Anupam Rasayan
Apar Inds.
713.6 6.4 112.2
10047.8 211.5 47.5
2.8
9.8
202409
202409
-25.0
18.7
-59.0
11.2
-24.6
9.1
-60.9
8.4
-0.7
1.1
9.4
43.9
0.4 1107.5 672.8
0.1 11025.0 5158.2
PB (Price to Book value) measures a used for a holistic picture of the company’s
APL Apollo Tubes [2] 1516.3 21.0 72.2 10.9 202409 3.1 -73.5 3.7 -24.0 -2.8 24.5 0.3 1729.5 1253.0 company’s stock price relative to its book finances. P .....................................................................................................................................................................................................

Apollo Hospitals [5] 7248.2 82.3 88.1 13.9 202409 15.3 63.5 14.8 69.9 0.0 15.4 0.7 7545.1 5639.7 P & G Health Ltd 5302.6 136.5 38.8 16.4 202409 2.8 25.6 -6.2 -2.1 -2.7 39.8 0.0 5836.0 4640.3
Apollo Tyres [1] 538.5 23.9 22.6 2.4 202409 2.5 -37.6 1.7 -3.6 1.2 15.4 0.4 584.7 429.0 value or net worth. PB is the appropriate Given that the top 500 listed companies P & G Hygiene 14575.4 208.3 70.0 61.1 202409 -0.2 0.6 4.7 -7.9 -3.6 99.8 0.0 17747.914488.3
Aptus Value Hou. [2] 302.0 13.5 22.3 3.8 202409 26.3 22.9 26.0 22.5 -0.4 14.7 1.3 401.7 286.1 value measure for banks and asset-heavy are usually the most liquid and well-run, P I Industries [1]
Page Industries
3744.1
46909.9
117.0
556.8
32.0
84.3
6.0
35.1
202409 4.9
202409 10.8
5.8
29.9
10.0
5.0
18.7
21.6
-1.9
-3.9
23.6
44.9
0.0 4801.4 3060.0
0.2 49933.233100.0
Archean Chemical [2] 662.5 20.5 32.3 4.6 202409 -17.2 -25.9 -16.7 -35.9 1.2 26.4 0.1 838.2 571.5
Asahi India Glas [1] 747.0 12.8 58.4 7.3 202409 3.3 9.9 3.2 -9.5 -1.6 14.7 0.8 833.0 502.2 companies. we’ve restricted the list to the S&P BSE 500 Patanjali Foods [2] 1747.6 27.5 63.6 5.8 202409 4.2 21.4 0.2 13.7 -0.4 11.1 0.1 2030.0 1170.1
PB Fintech. [2] 2052.1 3.8 539.4 15.4 202409 43.8 150.3 40.0 236.6 -1.9 1.5 0.0 2208.0 762.9
Ashok Leyland [1]
Asian Paints [1]
220.6 8.8 25.1
2270.9 49.0 46.4
6.3
12.1
202409
202409
-2.4
-5.3
13.9
-31.6
4.1
-0.7
21.5
-7.5
1.5
-0.5
15.4
37.8
4.1 264.7 157.7
0.1 3422.0 2257.0
Sales (Qty) and Profit (Qty) capture index constituents. PCBL Ltd [1] 462.6 13.3 34.9 4.6 202409 45.5 0.6 41.7 16.1 -0.5 14.1 1.0 584.5 208.8
Aster DM Health. 511.7 4.5 113.1 8.5 202409 16.9 158.7 -30.4 -7.4 5.1 4.8 0.9 558.3 312.3 the growth in a company’s net sales and Persistent Sys [5] 6394.3 79.1 80.8 17.9 202409 20.1 23.4 17.1 22.9 0.4 28.7 0.1 6788.8 3232.6
Astral [1] 1654.2 19.6 84.6 13.2 202409 0.5 -16.2 6.1 -3.5 -4.6 25.0 0.0 2454.0 1650.7 Petronet LNG 340.5 26.4 12.9 2.7 202409 3.9 1.7 2.1 13.3 1.2 24.8 0.2 384.9 217.7
Astrazeneca Phar [2] 6375.5 51.5 123.8 23.5 202409 31.2 -5.6 30.1 -25.6 -1.9 33.3 0.0 8139.9 4050.2 net profits for the latest reporting quarter, Note: Very large percentage changes in Pfizer 4878.7 133.8 36.5 6.0 202409 2.3 6.3 -2.7 14.5 4.5 21.4 0.0 6452.9 4050.1
Atul
AU Small Finance
7062.1 128.4 55.0
552.3 25.3 21.8
3.7
2.6
202409
202409
16.7
54.5
51.5
42.2
4.7
41.2
-3.6
17.2
0.5
2.9
9.1
0.0
0.0 8165.3 5183.1
0.0 813.0 534.0
over the previous year, in percentage sales and profit are reflective of a change Phoenix Mills [2]
Pidilite Inds. [1]
1696.5
2911.0
29.6
38.6
57.4
75.4
6.1
17.0
202409
202409
4.9
5.2
-13.7
18.8
32.8
5.2
19.8
30.4
6.6
-2.2
14.8
29.3
0.5 2068.2 1109.0
0.1 3414.4 2490.0
Aurobindo Pharma [1] 1270.4 62.2 20.4 2.4 202409 6.9 8.0 11.8 54.1 2.4 13.5 0.2 1592.6 959.1 terms. We’ve adjusted the numbers for from near-zero or negative value. Piramal Enterp. [2] 1106.1 -0.4 0.9 202409 12.0 166.4 -7.2 -100.3 1.1 3.9 1.8 1275.4 736.6
Authum Invest [1] 1708.6 240.1 7.1 2.3 202409 -49.2 -56.6 100.4 97.5 1.3 33.9 0.2 1920.0 576.2 Piramal Pharma 254.6 0.4 583.7 4.3 202409 17.3 350.0 15.4 143.3 0.8 5.4 0.7 307.9 114.5
Avenue Super. 3568.7 41.3 86.4 11.5 202409 14.4 5.8 17.5 15.2 4.7 19.5 0.0 5484.0 3400.0 one-off and exceptional items. Source: Capitaline database PNB Housing 850.9 64.7 13.2 1.4 202409 5.7 22.6 5.0 31.4 -2.0 9.2 4.2 1201.5 600.4
Axis Bank [2] 1077.5 90.2 11.9 2.0 202409 15.3 19.3 20.5 19.4 0.5 0.0 0.0 1339.6 996.0 PNC Infratech [2] 328.0 48.3 6.8 1.4 202409 -25.3 -43.6 1.6 101.8 5.5 15.0 1.5 574.5 282.2
Poly Medicure [5] 2525.8 29.1 86.8 9.9 202409 24.5 40.6 21.8 26.2 -2.8 23.4 0.1 3350.0 1361.0
B ..................................................................................................................................................................................................... Polycab India 7150.9 119.3 59.9 12.5 202409 30.4 3.3 24.7 11.6 -0.4 32.2 0.0 7607.2 3812.4
B H E L [2] 235.5 1.3 184.4 3.4 202409 28.5 68.5 11.9 2.8 0.1 2.3 0.3 335.4 182.2 Poonawalla Fin [2] 320.4 5.4 59.7 3.1 202409 33.9 -242.2 45.3 -51.4 0.7 10.8 1.8 520.0 270.0
BPCL 293.5 30.9 9.5 1.7 202409 -0.3 -71.6 -1.2 -53.1 1.6 31.3 1.0 376.0 222.6 Company CMP EPS PE PB Year End Sales Profit Sales Profit Wkly ROCE DER Yr.High Yr.Low Power Fin.Corpn. 452.0 64.2 7.0 1.4 202409 14.9 9.7 18.4 18.1 -0.3 10.2 8.7 580.4 351.9
Bajaj Auto 8933.5 264.0 33.8 8.1 202409 21.1 -31.4 23.9 7.7 1.7 33.4 0.0 12772.2 6560.1 Qty Qty TTM TTM Rtn Power Grid Corpn 309.6 16.9 18.3 3.1 202409 0.1 0.3 -0.1 2.4 -2.0 12.7 1.5 366.2 226.1
Bajaj Finance [2] 6910.1 248.4 27.8 4.9 202409 27.5 12.6 29.8 17.2 1.1 11.9 3.9 7830.0 6190.0 Praj Industries [2] 813.6 15.1 53.8 11.5 202409 -7.5 -13.7 -4.9 2.5 0.5 29.8 0.1 853.3 448.0
Bajaj Finserv [1] 1578.6 53.2 29.6 3.7 202409 28.8 8.2 33.4 14.5 0.6 13.2 4.7 2029.0 1419.0 Prestige Estates 1751.4 15.8 110.8 4.6 202409 3.0 -77.4 -8.3 -60.0 -2.2 15.0 1.1 2072.8 967.1
Bajaj Holdings 11303.2 665.6 17.0 2.1 202409 24.2 -3.7 237.2 33.6 5.2 15.2 0.0 11515.1 7631.1 Guj.St.Petronet 357.9 26.3 13.6 1.8 202409 -6.4 -38.0 6.0 -2.4 -2.7 28.5 0.0 469.6 260.2 Prism Johnson 170.8 -2.2 6.6 202409 -5.3 -870.8 -3.8 -181.8 -2.5 3.1 1.7 246.1 142.0
Balaji Amines [2] 1945.6 62.2 31.3 3.6 202409 -8.8 18.1 -19.6 2.2 -1.6 18.3 0.0 2736.4 1940.5 Gujarat Fluoroch [1] 4396.4 37.3 117.8 7.9 202409 25.4 128.3 -11.0 -55.2 1.7 9.6 0.3 4875.0 2480.0 PTC Industries 13585.1 30.0 452.3 15.1 202409 25.8 112.7 -0.4 29.7 17.6 10.4 0.4 15650.0 5945.9
Balkrishna Inds [2] 2864.0 84.3 34.0 5.9 202409 7.4 -0.1 13.4 55.5 2.8 17.8 0.4 3378.0 2193.9 Gujarat Gas [2] 502.6 17.9 28.1 4.3 202409 -1.7 4.2 6.9 -2.0 0.7 20.8 0.0 689.5 442.8 Pun. & Sind Bank 47.7 1.0 47.9 3.1 202409 13.8 26.7 16.0 -42.4 -2.2 0.0 0.0 77.5 42.3
Balrampur Chini [1] 520.1 21.4 24.3 3.0 202409 -15.7 -59.6 -0.3 -20.1 -3.2 13.4 0.6 692.9 343.5 Punjab Natl.Bank [2] 101.6 12.6 8.1 1.0 202409 13.4 136.9 16.5 145.0 0.8 0.0 0.0 142.9 92.4
Bandhan Bank 160.8 17.3 9.3 1.1 202409 22.4 30.0 22.2 9.7 1.0 0.0 0.0 263.2 157.1 H ..................................................................................................................................................................................................... PVR Inox 1340.5 -31.3 1.8 202409 -18.9 -107.1 4.2 -34.5 -3.0 0.0 1.1 1748.3 1203.7
Bank of Baroda [2] 245.0 38.7 6.3 0.9 202409 9.0 21.9 13.6 8.7 2.0 0.0 0.0 298.5 219.5
Bank of India 102.8 17.2 6.0 0.7 202409 16.0 61.6 18.3 45.1 -0.1 0.0 0.0 158.0 96.0
HPCL
HUDCO
410.4 19.7 20.8
226.9 12.3 18.4
1.9
2.7
202409
202409
4.3
35.0
-97.6
52.5
3.3
20.8
-74.8
37.7
2.6
-6.3
21.1
9.2
1.7 457.2 254.9
4.3 354.0 115.6
Q .....................................................................................................................................................................................................

Bank of Maha 52.8 6.4 8.3 1.6 202409 18.7 44.9 21.9 43.1 -3.3 0.0 0.0 73.5 44.8 Happiest Minds [2] 700.2 14.6 48.0 7.0 202409 28.3 -15.3 17.5 -6.0 -0.1 21.9 0.5 960.0 692.9 Quess Corp 660.0 24.4 27.0 3.4 202409 9.1 26.3 9.2 81.1 -4.5 10.6 0.3 875.0 460.0
BASF India 5629.7 147.8 38.1 7.0 202409 69.5 11.1 72.5 197.7 -1.1 22.4 0.1 8748.1 2870.0 Hatsun Agro [1] 1026.8 13.7 75.1 14.0 202409 8.7 -17.1 11.2 32.8 0.9 13.5 1.5 1380.0 956.1
Bata India [5] 1383.2 27.1 51.1 12.1 202409 2.2 -11.4 0.8 10.6 3.0 18.6 0.9 1666.0 1269.0 Havells India [1] 1650.7 22.5 73.4 13.3 202409 16.4 7.7 14.0 19.8 -0.4 24.1 0.0 2105.0 1280.2 R .....................................................................................................................................................................................................

Bayer Crop Sci. 5793.5 129.0 44.9 8.5 202409 7.4 -38.9 -4.9 -24.5 -1.2 32.3 0.0 7189.9 4868.7 HBL Engineering [1] 631.7 12.5 50.5 12.8 202409 -6.4 26.7 27.9 93.2 -3.2 33.5 0.1 738.7 379.0 RCF 168.2 3.4 50.1 2.0 202409 3.2 54.7 -8.6 -56.9 -1.1 6.0 0.6 245.0 119.0
BEML Ltd 4071.9 68.6 59.4 6.3 202409 -6.2 -1.5 3.5 42.2 -0.1 11.7 0.1 5489.2 2675.2 HCL Technologies [2] 1891.7 62.0 30.5 7.5 202409 8.2 10.5 7.1 9.0 -1.0 28.6 0.1 1979.5 1235.0 R R Kabel [5] 1384.2 23.3 59.4 7.8 202409 12.5 -33.2 12.9 -7.6 -1.1 21.8 0.3 1903.3 1313.1
Berger Paints [1] 442.4 9.8 45.0 9.2 202409 0.3 -7.5 3.1 10.9 -0.5 27.2 0.2 629.6 438.0 HDFC AMC [5] 4261.9 103.3 41.2 13.4 202409 38.0 32.1 30.7 33.1 0.3 37.7 0.0 4862.0 3169.2 Radico Khaitan [2] 2550.1 21.5 118.8 13.3 202409 20.7 24.4 28.2 21.1 2.7 13.1 0.3 2611.7 1429.0
Bharat Dynamics [5] 1201.2 15.1 79.5 11.8 202409 -12.2 -16.7 0.4 30.1 -3.1 12.0 0.0 1794.7 776.1 HDFC Bank [1] 1797.9 90.5 19.9 2.9 202409 10.6 6.0 47.2 27.0 1.5 0.0 0.0 1880.0 1363.5 Rail Vikas 425.4 6.5 65.8 10.1 202409 -1.2 -27.2 -4.2 -8.9 -1.8 17.6 0.8 647.0 176.0
Bharat Electron [1] 292.2 6.2 47.0 12.1 202409 14.9 38.4 19.3 36.6 0.4 32.6 0.0 340.4 171.7 HDFC Life Insur. 621.6 7.9 79.0 8.6 202409 12.3 15.1 8.0 15.0 -0.4 0.4 0.1 761.0 511.1 Rainbow Child. 1507.3 22.8 66.1 11.4 202409 25.5 25.4 14.6 7.5 -2.8 19.5 0.6 1708.5 1079.3
Bharat Forge [2] 1315.5 21.8 60.4 7.1 202409 -2.3 6.6 8.1 51.2 2.8 12.6 1.1 1826.2 1063.4 HEG [2] 513.6 9.4 54.5 2.2 202409 -7.6 -14.3 -7.6 -58.6 -5.2 8.6 0.2 619.3 317.4 Rajesh Exports [1] 234.7 1.3 181.0 0.5 202409 75.8 0.6 -14.8 -96.6 -0.2 3.2 0.1 380.0 225.1
Bharti Airtel [5] 1599.0 25.0 64.1 10.5 202409 12.0 92.8 6.3 25.3 1.3 13.7 2.8 1779.0 1007.3 Hero Motocorp [2] 4239.5 206.9 20.5 4.5 202409 10.0 5.7 14.8 23.1 -2.3 28.4 0.0 6245.0 3930.3 Ramkrishna Forg. [2] 910.9 20.3 44.8 5.6 202409 17.2 36.5 18.3 28.1 2.2 18.5 0.6 1064.0 601.7
Bharti Hexacom [5] 1459.8 18.8 77.7 14.0 202409 20.7 -5.4 12.4 176.6 -2.6 13.3 2.0 1606.2 755.2 HFCL [1] 113.0 2.6 43.2 3.9 202409 -1.6 6.4 -0.3 23.6 -0.3 13.3 0.3 171.0 81.2 Ratnamani Metals [2] 3270.9 75.7 43.2 7.0 202409 -14.1 -38.7 0.1 -14.8 -0.6 27.5 0.1 3971.8 2580.8
Bikaji Foods [1] 764.6 11.6 65.9 14.5 202409 15.8 13.0 16.8 60.3 -0.6 28.5 0.2 1005.0 475.5 Himadri Special [1] 572.8 9.8 58.7 8.3 202409 13.2 34.5 13.6 46.8 4.7 18.8 0.3 688.5 272.8 RBL Bank 160.2 19.6 8.2 0.6 202409 17.4 -30.0 23.2 1.5 4.9 0.0 0.0 300.5 147.6
Biocon [5] 352.5 11.6 30.4 2.0 202409 4.5 -116.1 9.3 90.6 4.9 6.4 0.9 395.7 244.4 Hind. Unilever [1] 2340.3 43.7 53.5 10.8 202409 2.4 -2.1 1.1 -0.5 0.2 25.0 0.0 3034.5 2170.3 REC Ltd 507.6 56.5 9.0 1.8 202409 17.1 6.5 20.3 16.9 -1.2 10.1 6.5 653.9 406.4
Birla Corpn. 1249.8 39.6 31.6 1.6 202409 -14.6 -143.0 -0.7 118.5 -1.2 9.1 0.8 1801.3 1074.2 Hind.Aeronautics [5] 4234.6 127.3 33.3 9.1 202409 6.0 21.8 12.4 41.0 1.1 26.3 0.0 5675.0 2746.6 Redington [2] 202.2 15.4 13.1 2.1 202409 12.0 -3.5 6.0 -3.0 -1.7 19.8 0.4 237.3 159.1
Birlasoft Ltd [2] 575.9 22.4 25.7 4.9 202409 4.5 -12.1 7.6 63.5 -0.1 29.4 0.0 861.6 536.3 Hindalco Inds. [1] 617.1 58.1 10.6 1.2 202409 7.4 96.2 3.6 55.2 -1.1 10.7 0.6 772.0 496.8 Relaxo Footwear [1] 622.5 7.3 85.6 7.7 202409 -5.0 -16.9 -0.4 -6.6 -0.8 13.6 0.1 949.9 617.0
BLS Internat. [1] 478.9 10.1 47.2 13.8 202409 21.4 75.5 11.7 54.6 -1.2 35.0 0.0 501.4 262.6 Hindustan Copper [5] 256.3 4.2 61.6 10.3 202409 35.9 67.5 5.7 25.6 -5.6 16.0 0.1 415.6 231.1 Reliance Industr 1221.0 50.2 24.3 2.0 202409 -0.2 -4.8 6.4 -0.6 1.2 10.5 0.6 1609.0 1202.1
Blue Dart Expres 7008.3 119.2 58.8 11.7 202409 9.4 -14.0 7.5 -3.3 -2.2 19.8 0.9 9483.9 5490.0 Hindustan Zinc [2] 454.5 20.8 21.8 25.2 202409 20.9 38.1 2.1 4.4 -3.2 44.1 0.7 807.0 285.0 RHI Magnesita [1] 510.1 9.6 52.9 2.7 202409 -12.1 -35.6 5.2 27.6 -0.2 8.6 0.3 830.0 490.9
Blue Star [2] 2073.5 25.6 81.1 15.6 202409 20.4 36.1 25.5 66.3 4.9 24.8 0.2 2198.0 930.0 Hitachi Energy [2] 14681.3 47.0 312.1 44.4 202409 26.5 111.4 27.1 141.5 10.3 17.8 0.2 16534.5 5207.0 Rites 279.8 8.3 33.8 5.2 202409 -7.1 -27.8 -5.5 -17.3 -0.3 24.2 0.0 413.1 246.2
Bombay Burmah [2] 2120.8 179.7 11.8 2.9 202409 4.4 61.1 3.5 412.3 -3.3 32.8 1.0 2972.6 1322.6 Home First Finan [2] 1029.5 38.2 27.0 4.0 202409 36.7 24.1 37.4 28.6 2.9 11.3 3.1 1383.1 777.0 Route Mobile 1369.0 56.3 24.3 3.7 202409 9.7 8.6 7.1 -2.9 0.2 20.7 0.1 1942.0 1334.5
Bosch 34086.4 679.5 50.2 7.9 202409 6.4 23.9 7.1 30.9 -1.4 20.3 0.0 39052.021870.0 Honasa Consumer 247.1 2.4 102.8 7.1 202409 -6.9 -163.1 14.1 41.0 -5.0 16.1 0.1 546.5 222.2
Brigade Enterpr. 1248.0 19.7 63.2 5.9 202409 -21.5 -10.9 36.4 63.8 1.1 12.2 1.5 1451.9 826.3 Honeywell Auto 41304.3 596.8 69.2 9.7 202409 -7.3 -5.6 2.6 19.0 0.5 19.7 0.0 59700.035549.9 S ......................................................................................................................................................................................................

Britannia Inds. [1] 4766.9 89.3 53.4 35.8 202409 4.5 -9.5 3.5 -3.6 1.4 48.4 0.7 6473.1 4643.3 SAIL 115.5 7.6 15.1 0.8 202409 -17.0 -44.3 -7.6 -5.2 -0.6 7.3 0.6 175.7 107.5

C I ....................................................................................................................................................................................................... Sammaan Capital [2] 154.0 -24.5 0.6 202409 8.8 -1026.5 5.1 -258.1 1.0 10.1 2.7 208.9 130.3
......................................................................................................................................................................................................
IOB 51.3 1.6 32.7 3.8 202409 17.7 24.3 21.9 26.5 -2.1 0.0 0.0 83.8 42.1 Samvardh. Mothe. [1] 157.1 5.4 29.2 3.4 202409 18.8 183.6 23.4 149.2 0.8 13.1 0.7 217.0 95.8
CPCL 606.1 48.1 12.6 1.2 202409 -26.9 -153.0 -1.6 -75.4 2.0 35.0 0.4 1274.0 563.1 IOCL 136.3 11.6 11.8 1.1 202409 -2.4 -110.1 -2.5 -57.6 -0.7 21.2 0.9 196.8 126.5 Sanofi India 6104.6 183.0 33.4 20.5 202409 6.8 2.0 -9.2 -8.5 -1.2 70.6 0.0 10526.1 5850.6
C.E. Info System [2] 1605.4 24.8 64.8 12.0 202409 13.8 -8.2 26.0 9.7 -3.6 28.0 0.1 2745.1 1514.7 I R C T C [2] 779.6 15.0 51.8 17.7 202409 7.2 4.5 14.9 11.3 -0.6 48.9 0.0 1148.3 777.0 Sapphire Foods [2] 330.3 0.9 363.0 7.8 202409 8.3 -47.0 10.5 -86.0 5.9 6.5 0.8 400.5 259.2
Campus Activewe. [5] 315.8 3.2 99.1 13.9 202409 28.9 4368.8 5.8 -5.6 10.2 16.4 0.4 371.2 212.8 IRFC 146.2 5.0 29.4 3.7 202409 2.0 4.4 4.0 8.1 -1.5 5.7 8.9 229.1 96.1 SBI Cards 675.2 23.2 29.1 4.9 202409 8.2 -32.9 16.2 -4.0 -1.8 12.5 3.2 817.1 649.0
Cams Services 5040.9 85.8 58.8 24.2 202409 32.8 44.9 26.0 37.0 1.8 45.7 0.1 5367.5 2644.5 ICICI Bank [2] 1307.2 67.1 19.5 3.4 202409 19.0 18.8 22.7 17.9 1.7 0.0 0.0 1361.4 970.1 SBI Life Insuran 1404.5 21.8 64.5 8.7 202409 1.1 39.3 14.7 18.4 0.1 0.5 0.0 1935.0 1307.0
Can Fin Homes [2] 749.4 61.6 12.2 2.1 202409 10.5 33.8 17.5 24.5 0.2 9.3 7.6 951.5 680.5 ICICI Lombard 1832.6 44.9 40.8 6.7 202409 16.7 20.2 15.9 26.6 -3.3 21.9 0.0 2285.9 1354.8 Schaeffler India [2] 3438.6 58.5 58.8 11.0 202409 14.2 1.6 11.2 -0.6 4.0 26.4 0.0 4950.0 2699.6
Canara Bank [2] 100.4 17.6 5.7 1.0 202409 10.6 10.3 17.6 15.0 0.8 0.0 0.0 129.4 87.2 ICICI Pru Life 655.7 6.1 108.2 8.2 202409 7.3 2.9 10.8 -3.4 0.3 0.4 0.1 795.0 463.5 Schneider Elect. [2] 775.8 8.2 94.2 46.4 202409 21.0 17.3 21.9 15.7 -1.7 29.7 1.0 980.0 394.3
Caplin Point Lab [2] 2596.5 64.9 40.0 7.8 202409 17.8 13.9 16.9 18.1 12.3 26.7 0.0 2636.0 1221.0 ICICI Securities [5] 852.6 63.3 13.5 6.2 202409 36.6 24.9 57.4 66.2 2.7 18.1 3.3 921.5 671.6 Sh.Renuka Sugar [1] 39.7 -2.2 -3.3 202409 -7.2 -110.9 22.3 -65.0 -0.3 0.0 0.0 56.5 36.7
Capri Global [1] 189.2 3.9 48.3 3.9 202409 35.9 48.7 44.0 39.8 0.2 9.5 2.4 289.4 178.1 IDBI Bank 76.5 6.3 12.2 1.8 202409 23.3 34.3 15.9 41.7 0.6 0.0 0.0 108.0 65.9 Sheela Foam [5] 987.7 8.9 110.4 3.6 202409 32.5 -77.7 21.8 -51.0 4.2 7.9 0.5 1262.0 775.2
Carborundum Uni. [1] 1284.5 20.9 61.4 7.3 202409 7.6 13.7 0.8 -10.2 -2.2 20.4 0.1 1835.7 1026.0 IDFC First Bank 62.5 3.2 19.7 1.3 202409 21.8 -71.6 27.4 -20.4 1.3 0.0 0.0 89.6 59.2 Shoppers Stop [5] 605.4 1.8 333.7 25.4 202409 7.3 -370.5 9.1 -79.7 -6.1 9.1 10.2 943.7 592.0
Castrol India [5] 195.8 9.1 21.6 9.1 202409 8.9 6.7 5.8 10.1 -2.4 56.9 0.0 284.4 166.2 IFCI 60.5 0.5 126.0 2.7 202409 1.7 -12.8 22.3 160.9 -0.9 11.0 1.4 91.4 27.7 Shree Cement 26015.8 480.0 54.2 4.5 202409 -15.1 -82.9 3.1 -5.2 -3.9 14.6 0.1 30710.223500.2
CCL Products [2] 732.3 20.5 35.7 5.4 202409 21.5 21.5 25.2 -2.1 -1.9 12.4 0.8 854.0 551.4 IIFL Finance [2] 412.2 34.2 12.0 1.5 202409 3.8 -36.6 17.6 -14.1 1.2 12.1 4.4 650.7 304.3 Shriram Finance 2896.9 208.4 13.9 2.1 202409 18.4 18.0 18.7 20.6 0.9 11.3 3.9 3652.2 2016.4
CEAT 3251.7 148.2 21.9 3.1 202409 8.2 -41.4 7.4 13.5 8.1 19.2 0.6 3581.5 2211.0 India Cements 372.4 -12.5 2.4 202409 -18.4 -259.0 -18.3 9.5 9.9 -0.8 0.5 385.5 172.6 Shyam Metalics 747.2 30.0 24.9 2.0 202409 23.6 -55.5 12.2 -17.2 -2.9 11.4 0.1 956.1 516.2
Central Bank 53.2 3.9 13.5 1.6 202409 11.6 48.5 14.9 56.6 -3.6 0.0 0.0 76.9 49.1 Indiamart Inter. 2256.1 71.7 31.5 7.2 202409 18.0 94.7 18.4 33.5 0.2 18.8 0.0 3199.0 2200.0 Siemens [2] 6543.2 76.3 85.8 15.2 202409 11.4 45.4 14.0 38.5 -4.7 20.4 0.0 8130.0 3945.2
Century Plyboard [1] 752.5 10.0 74.9 7.4 202409 18.7 -58.7 12.0 -41.4 -2.1 18.0 0.3 938.6 614.3 Indian Bank 548.1 73.3 7.5 1.2 202409 11.7 35.3 16.4 43.2 2.2 0.0 0.0 626.4 409.0 SignatureGlobal [1] 1356.9 3.9 351.6 30.0 202409 660.5 -79.4 84.5 184.0 7.9 1.7 5.4 1645.9 830.2
Cera Sanitary. [5] 7193.6 185.2 38.8 7.7 202409 6.4 17.1 -0.2 1.5 -1.5 24.1 0.0 11499.7 6551.3 Indian Energy Ex [1] 180.2 4.4 40.8 15.4 202409 28.4 25.3 19.0 20.0 1.5 51.5 0.0 244.4 129.2 SJVN 107.5 2.4 45.6 2.9 202409 16.8 0.3 12.0 -10.7 -3.6 5.2 1.2 170.5 88.9
CESC [1] 184.6 10.7 17.3 2.0 202409 8.0 1.4 8.7 -2.4 1.0 10.3 1.3 212.7 109.7 Indian Hotels Co [1] 860.8 10.0 86.3 12.1 202409 27.4 80.5 16.7 29.0 0.8 15.9 0.3 887.6 429.3 SKF India 4578.8 113.4 40.4 9.9 202409 10.6 4.7 6.7 15.8 0.9 28.8 0.0 7349.0 4025.0
CG Power & Ind [2] 748.2 5.9 127.5 32.5 202409 20.5 -1.2 17.0 2.7 2.6 37.6 0.0 874.5 415.1 Indian Renewable 197.0 5.4 36.6 5.7 202409 39.1 36.2 37.0 39.7 -4.5 9.3 6.2 310.0 95.6 Sobha 1601.5 5.7 279.9 4.3 202409 25.9 74.5 -18.9 -49.5 4.0 7.1 0.8 2178.7 949.4
Chalet Hotels 989.8 3.4 287.3 7.7 202409 19.9 -480.0 22.1 -67.2 1.3 9.9 1.5 1051.2 648.0 Indraprastha Gas [2] 390.0 26.4 14.8 2.6 202409 6.9 -17.7 0.8 2.2 0.5 28.8 0.0 570.6 306.5 Solar Industries [2] 10174.3 111.7 91.1 24.3 202409 27.3 42.8 -4.9 25.1 3.8 30.8 0.4 13300.0 6275.0
Chambal Fert. 499.6 38.5 13.0 2.4 202409 -19.3 40.8 -28.9 35.4 -1.9 21.0 0.4 575.0 330.9 Indus Towers 329.8 28.0 11.8 3.1 202409 4.7 71.7 5.5 109.4 -2.2 21.3 0.8 460.7 184.3 Sona BLW Precis. 600.6 9.3 64.9 7.1 202409 17.1 18.6 18.5 21.9 1.9 24.3 0.1 767.8 561.7
Chemplast Sanmar [5] 501.4 -8.1 34.8 202409 0.5 -220.0 -5.6 -462.3 0.8 -2.8 5.2 633.0 413.8 IndusInd Bank 953.6 104.6 9.1 1.1 202409 12.8 -39.5 18.2 -2.2 2.5 0.0 0.0 1694.4 927.1 Sonata Software [1] 600.0 14.1 42.5 11.2 202409 13.5 -14.2 15.8 -16.8 -5.6 31.8 0.5 867.1 469.1
Chola Financial [1] 1411.5 109.4 12.9 2.3 202409 28.1 24.9 35.5 34.1 -2.1 11.6 12.9 2151.5 989.1 Info Edg.(India) 8640.0 40.3 214.3 2.7 202409 12.0 -102.8 8.8 38.8 1.7 4.2 0.0 8943.3 4868.5 SPARC [1] 201.5 -12.7 52.4 202409 -39.3 -224.6 -73.2 -62.0 -2.4 0.0 0.1 474.0 189.5
Cholaman.Inv.&Fn [2] 1193.5 45.8 26.0 4.7 202409 35.3 25.2 42.2 27.4 0.4 10.4 6.8 1650.0 1011.5 Infosys [5] 1916.6 64.9 29.5 10.2 202409 5.1 4.7 2.9 8.4 -0.3 44.7 0.1 2006.8 1359.1 SRF 2260.0 38.1 59.3 5.6 202409 6.8 -33.0 -1.9 -34.9 -0.7 12.5 0.4 2697.5 2088.6
CIE Automotive 471.7 21.6 21.9 2.9 202409 -6.4 4.3 -2.1 6.7 2.3 17.7 0.2 628.5 401.0 Ingersoll-Rand 4165.8 76.4 54.5 20.6 202409 16.6 21.4 5.7 10.4 1.0 50.8 0.0 4998.4 2997.0 St Bk of India [1] 799.6 86.1 9.3 1.6 202409 12.7 22.9 17.9 12.6 -1.6 0.0 0.0 912.1 600.7
Cipla [2] 1506.2 57.2 26.3 4.3 202409 5.6 15.2 7.9 29.7 2.3 22.3 0.0 1702.0 1240.7 Inox Wind 180.7 1.0 180.3 8.8 202409 110.0 45.4 144.5 122.0 -4.1 0.0 1.7 262.1 102.4 Star Cement [1] 232.1 4.9 47.4 3.4 202409 9.6 -85.9 5.9 -30.0 8.8 16.3 0.0 256.0 169.8
City Union Bank [1] 172.6 14.3 12.1 1.4 202409 10.0 1.6 10.4 12.1 -1.9 0.0 0.0 187.8 125.4 Intellect Design [5] 1022.2 20.5 49.8 5.5 202409 -9.8 -25.0 -0.3 -10.1 24.7 19.9 0.0 1198.8 693.1 Star Health Insu 477.6 14.7 32.6 4.0 202409 15.5 -11.2 15.7 18.8 -1.6 15.8 0.1 647.7 452.5
Clean Science [1] 1424.0 24.2 58.7 11.7 202409 31.5 12.6 7.4 -6.5 -1.8 29.5 0.0 1690.0 1244.5 Interglobe Aviat 4676.9 171.7 27.2 47.5 202409 13.6 -622.3 21.6 18.0 7.5 19.5 0.0 5033.2 2844.5 Sterling & Wils. [1] 452.5 -2.2 10.9 202409 35.7 -87.0 109.4 92.4 2.0 0.0 3.4 828.0 426.3
Coal India 380.7 58.5 6.5 2.4 202409 -9.0 -21.9 -2.2 8.6 -0.5 30.5 0.1 544.7 365.8 Ipca Labs. [1] 1630.6 26.5 61.6 6.2 202409 15.8 35.9 27.8 30.1 2.9 12.9 0.2 1708.7 1057.2 Sumitomo Chemi. 518.6 9.7 53.5 9.5 202409 9.4 34.0 0.4 31.4 -0.9 20.6 0.0 628.0 336.4
Cochin Shipyard [5] 1532.1 32.9 46.5 7.6 202409 13.0 4.1 56.0 123.3 2.5 21.1 0.1 2977.1 613.0 IRB Infra.Devl. [1] 55.2 1.0 54.1 2.4 202409 -9.1 4.3 14.7 23.0 0.0 6.8 1.3 78.1 41.0 Sun Pharma.Inds. [1] 1861.7 46.7 39.8 6.5 202409 10.5 28.0 9.1 25.0 2.9 17.2 0.1 1960.2 1249.8
Coforge 9449.9 117.9 80.2 10.6 202409 34.5 11.7 16.3 8.5 0.9 27.8 0.2 9798.9 4291.1 Ircon Intl. [2] 209.4 9.8 21.4 3.2 202409 -18.1 -17.9 -4.0 4.2 -4.0 15.1 0.4 351.7 167.8 Sun TV Network [5] 685.6 46.6 14.7 2.4 202409 -10.9 -11.9 0.2 -1.3 -1.7 26.3 0.0 921.6 567.7
Colgate-Palmoliv [1] 2725.8 54.0 50.5 44.9 202409 10.0 16.2 10.4 23.6 -0.9 94.5 0.0 3893.0 2380.1 ITC [1] 478.9 16.4 29.2 8.0 202409 16.7 2.0 7.1 2.1 3.1 37.3 0.0 528.6 399.3 Sundram Fasten. [1] 1072.9 26.0 41.2 6.2 202409 4.5 8.0 2.4 8.7 -1.4 18.5 0.2 1504.1 1002.1
Concord Biotech [1] 2164.5 31.3 69.1 14.2 202409 18.2 18.2 11.9 7.7 1.7 29.1 0.0 2658.0 1326.9 ITI 328.0 -4.9 19.4 202409 312.3 -155.1 67.0 -22.1 -3.8 0.0 0.9 403.8 210.2 Sunteck Realty [1] 508.8 10.2 50.0 2.4 202409 577.8 148.4 308.5 420.1 2.6 4.7 0.2 698.4 379.9
Container Corpn. [5] 783.0 21.3 36.8 3.9 202409 4.2 6.3 7.5 9.3 1.8 13.9 0.1 1194.0 757.6 Supreme Inds. [2] 4770.4 85.9 55.5 11.4 202409 -1.5 -15.0 8.1 6.1 -1.6 29.4 0.0 6482.4 3604.2
Coromandel Inter [1] 1845.6 46.4 39.8 5.4 202409 6.4 -12.3 -18.6 -32.5 0.4 25.9 0.1 1890.0 1025.1 J ...................................................................................................................................................................................................... Supreme Petroch. [2]
Suven Pharma [1]
670.6 21.9 30.6
1167.4 9.5 122.2
6.0
15.0
202409
202409
17.8
11.5
15.7
3.3
14.9
-26.2
3.8
-43.7
-5.4
-1.1
23.8 0.0 926.3 522.0
18.7 0.0 1359.0 586.1
Craftsman Auto [5] 5396.3 104.9 51.4 4.6 202409 3.0 -34.7 16.6 -16.1 3.9 20.5 1.0 7107.2 3782.1 J & K Bank [1] 100.3 18.4 5.4 0.9 202409 13.0 44.0 14.8 35.6 4.4 0.0 0.0 152.5 88.2
CreditAcc. Gram. 839.7 83.6 10.0 1.9 202409 16.5 -46.4 30.2 10.8 3.3 14.8 3.3 1789.8 810.1 J B Chemicals & [1] 1816.5 39.3 46.2 8.8 202409 13.5 15.9 11.3 25.6 -4.1 24.9 0.2 2029.0 1474.0 Suzlon Energy [2] 63.2 0.7 86.8 19.1 202409 47.7 45.9 32.8 190.8 -1.4 3.7 0.4 86.0 35.5
CRISIL [1] 5587.4 91.5 61.0 18.2 202409 10.3 12.9 7.2 10.4 -3.1 40.8 0.0 5921.1 3665.1 J K Cements 4575.5 93.1 49.2 6.4 202409 -7.0 -79.5 6.3 60.5 1.3 14.7 1.1 4896.0 3639.2 Swan Energy [1] 738.0 10.6 69.7 3.6 202409 -15.6 -39.4 68.6 83.4 -0.3 9.5 1.0 809.7 437.8
Crompton Gr. Con [2] 396.7 7.8 51.0 8.2 202409 6.4 28.5 10.4 16.0 2.2 16.9 0.3 483.7 262.1 JBM Auto [2] 1568.8 15.8 99.0 15.1 202409 4.5 12.0 27.1 36.9 -4.3 14.5 1.7 2417.3 1388.0 Syngene Intl. 850.8 11.5 74.3 7.8 202409 -2.1 -13.2 -1.4 -8.5 0.7 13.6 0.2 960.0 608.0
Cummins India [2] 3301.3 70.4 46.9 13.1 202409 30.2 36.5 17.2 35.0 -0.3 33.8 0.0 4169.5 1928.7 Jindal Saw [1] 299.6 30.9 9.7 1.8 202409 1.9 32.5 6.8 62.9 -0.3 20.0 0.6 383.9 189.4
Cyient [5] 1930.7 62.7 30.8 4.2 202409 4.0 -2.2 5.4 -0.2 0.3 20.3 0.3 2371.5 1655.0 Jindal Stain. [2] 736.2 29.8 24.7 3.9 202409 -0.2 -12.3 -2.6 -9.3 2.3 22.2 0.4 848.0 513.6 T ......................................................................................................................................................................................................

Jindal Steel [1] 923.6 49.7 18.6 2.0 202409 -8.5 -38.0 -1.9 17.0 1.7 13.1 0.4 1097.1 688.7 T N Merc. Bank 458.5 71.2 6.4 0.9 202409 10.6 10.8 14.7 5.6 -1.9 0.0 0.0 517.5 418.5
D .....................................................................................................................................................................................................
Jio Financial 305.0 0.8 369.2 7.8 202409 157.1 243.4 90.1 97.8 0.1 2.2 0.0 394.7 231.2 Tanla Platforms [1] 677.1 40.2 16.8 4.3 202409 -0.8 -8.7 10.7 5.3 1.3 38.2 0.1 1248.4 662.6
Dabur India [1] 507.4 10.1 50.3 8.7 202409 -5.5 -17.5 3.3 1.9 1.1 23.1 0.1 672.0 489.0 JK Lakshmi Cem. [5] 841.0 29.8 28.2 3.0 202409 -21.6 -115.1 -6.6 -1.8 1.1 16.5 0.7 998.4 686.7 Tata Chemicals 1046.8 23.6 44.4 1.2 202409 0.0 -43.9 -10.6 -69.6 1.8 7.5 0.3 1349.7 933.0
Dalmia BharatLtd [2] 1736.8 45.3 38.3 1.9 202409 -2.1 -61.3 4.0 -26.3 -3.7 7.0 0.3 2428.6 1664.2 JM Financial [1] 127.5 12.5 10.2 1.4 202409 -0.7 19.1 20.9 96.7 -2.2 11.3 1.9 168.9 69.0 Tata Comm 1712.5 28.7 59.7 27.5 202409 18.4 -2.3 21.3 -38.1 0.0 12.1 6.0 2175.0 1597.7
Data Pattern [2] 2511.2 33.1 75.9 10.4 202409 -16.0 -10.4 4.4 24.8 -2.2 19.0 0.0 3654.8 1757.4 JSW Energy 625.1 11.2 55.8 3.9 202409 -0.7 0.4 2.8 23.0 -6.7 8.7 1.4 805.0 404.0 Tata Consumer [1] 907.4 13.9 65.2 4.7 202409 12.9 11.0 11.9 11.6 2.0 10.6 0.2 1254.0 884.0
DCM Shriram [2] 1089.1 33.4 32.6 2.6 202409 9.1 95.2 -1.5 -15.6 2.2 9.2 0.3 1370.0 840.2 JSW Infrast [2] 323.2 5.9 54.5 8.0 202409 18.0 46.0 17.7 25.6 4.9 16.7 0.8 361.0 202.0 Tata Elxsi 6886.5 131.2 52.5 17.3 202409 8.3 14.7 9.3 4.1 -0.5 42.0 0.1 9082.9 6285.1
Deepak Fertiliz. 1164.5 53.7 21.7 2.6 202409 13.3 249.4 -12.8 0.5 1.6 10.7 0.8 1443.4 453.2 JSW Steel [1] 913.1 21.1 43.2 2.8 202409 -10.8 -74.6 -1.3 -41.9 -0.6 13.5 1.2 1063.4 762.0 Tata Inv.Corpn. 6829.8 72.8 93.8 0.9 202409 15.0 -0.6 14.2 13.0 4.4 1.7 0.0 9744.4 4170.0
Deepak Nitrite [2] 2579.8 58.3 44.3 6.9 202409 14.3 -5.3 11.1 -0.4 -0.6 21.6 0.0 3168.7 2022.8 Jubilant Food. [2] 707.8 3.7 191.8 21.4 202409 42.8 -29.0 28.9 3.6 5.2 11.2 1.6 725.0 420.9 Tata Motors [2] 750.6 90.9 8.3 2.7 202409 -3.7 -13.0 9.6 108.7 3.7 17.4 1.9 1179.1 718.0
Delhivery [1] 350.9 0.4 828.5 2.8 202409 12.8 -90.1 14.3 105.8 0.4 0.0 0.1 488.1 326.0 Jubilant Ingrev. [1] 801.0 11.0 72.7 4.5 202409 1.8 2.6 -6.9 -32.2 4.7 9.6 0.2 885.0 421.6 Tata Power Co. [1] 399.1 11.9 33.5 3.8 202409 -0.3 15.7 10.3 12.3 -0.5 10.5 1.7 494.9 319.8
Devyani Intl. [1] 193.0 0.3 721.2 20.0 202409 49.1 -100.0 35.0 -83.8 11.9 0.0 2.2 222.8 142.1 Jubilant Pharmo [1] 1080.4 18.1 59.6 2.9 202409 4.5 80.6 7.0 747.4 1.6 6.4 0.7 1309.0 531.0 Tata Steel [1] 139.0 2.6 53.9 2.0 202409 -2.9 105.8 -5.2 360.5 -1.3 6.6 0.9 184.6 128.1
Divi's Lab. [2] 5874.0 69.2 84.9 11.4 202409 22.5 46.6 17.3 37.9 0.5 16.4 0.0 6448.8 3350.1 Jupiter Wagons 504.3 8.7 58.1 8.4 202409 14.8 9.3 30.5 61.0 -6.4 31.5 0.3 748.1 301.0 Tata Technolog. [2] 898.8 15.9 56.4 11.3 202409 2.1 -1.9 2.0 -9.8 0.7 28.1 0.1 1201.5 883.6
Dixon Technolog. [2] 17947.4 91.9 195.3 48.4 202409 133.3 111.2 101.6 78.8 0.0 28.4 0.3 19149.8 5785.0 Just Dial 997.5 16.9 58.9 2.1 202403 16.2 100.1 23.5 88.3 1.5 4.7 0.0 1395.0 769.9 Tata Tele. Mah. 76.5 -6.5 -0.8 202409 19.8 -206.5 13.4 -8.8 -1.9 0.0 0.0 111.5 65.3
DLF [2] 835.1 14.6 57.4 5.1 202409 46.5 121.8 22.2 61.0 0.5 5.7 0.1 967.0 689.9 Jyothy Labs [1] 389.8 10.2 38.1 7.6 202409 0.2 0.8 6.2 15.0 3.7 26.8 0.0 595.0 366.7 TCS [1] 4168.0 133.1 31.3 14.9 202409 7.7 5.0 5.2 7.8 0.0 62.9 0.1 4585.9 3593.3
Dr Lal Pathlabs 2946.8 48.0 61.4 12.3 202409 9.8 18.2 10.5 33.2 -0.2 25.6 0.2 3645.0 1943.2 Jyoti CNC Auto. [2] 1368.7 12.1 113.4 20.8 202409 42.5 352.7 35.6 1137.0 2.9 21.0 0.8 1501.7 370.1 Tech Mahindra [5] 1711.8 33.4 51.2 6.3 202409 3.5 153.1 -2.2 -9.1 1.6 11.0 0.1 1807.4 1163.7
Dr Reddy's Labs [1] 1389.4 64.0 21.7 3.8 202409 16.5 -15.3 12.4 4.9 3.5 26.6 0.1 1420.2 1104.7 Techno Elec.Engg [2] 1559.3 27.2 57.2 5.2 202409 -4.5 27.7 28.2 129.2 -4.0 15.6 0.0 1825.0 607.2

E ......................................................................................................................................................................................................
K ..................................................................................................................................................................................................... Tejas Networks
The Ramco Cement [1]
1199.4 26.5 45.2
965.6 11.7 82.6
5.5
3.2
202409 570.6
202409 -12.7
2077.1
-64.3
408.0
-2.4
793.5
-20.8
-1.5
-2.2
3.5
8.1
0.3 1495.1
0.7 1059.8
652.1
700.0
K E C Intl. [2] 1156.1 15.8 73.0 6.1 202409 13.7 53.0 11.6 124.3 -6.2 16.0 0.9 1312.0 586.0
Easy Trip Plann. [1] 16.5 0.5 36.4 8.8 202409 2.1 -45.2 20.0 10.0 1.9 40.5 0.1 27.0 14.2 K P R Mill Ltd [1] 1015.2 23.7 42.9 7.4 202409 -2.1 1.6 -7.7 2.6 -11.6 21.0 0.3 1192.6 700.1 Thermax [2] 4383.5 54.1 81.0 11.3 202409 13.4 24.9 15.0 21.2 -5.7 17.9 0.3 5835.0 2979.2
eClerx Services 3646.8 106.5 34.2 8.7 202409 15.2 3.1 12.5 3.2 0.9 31.4 0.1 3875.2 2116.0 Kajaria Ceramics [1] 1117.9 23.9 46.8 6.6 202409 5.1 -21.9 4.5 -5.1 -2.3 21.9 0.1 1578.3 1103.0 Timken India 3116.1 52.5 59.3 9.1 202409 10.4 -3.3 8.4 10.3 -3.9 22.8 0.0 4816.0 2490.1
Eicher Motors [1] 4876.0 155.7 31.3 7.0 202409 3.8 8.3 9.4 19.2 3.0 30.0 0.0 5104.5 3564.0 Kalpataru Proj. [2] 1315.2 30.7 42.8 3.6 202409 9.1 41.2 15.5 21.9 3.1 14.6 0.8 1449.2 649.9 Titagarh Rail [2] 1148.7 22.6 50.9 6.6 202409 13.0 15.0 10.6 43.4 -12.2 23.8 0.2 1896.5 782.1
EID Parry [1] 899.8 41.4 21.7 2.2 202409 3.0 -32.4 -10.5 -25.8 -6.6 29.8 0.3 997.6 540.0 Kalyan Jewellers 721.8 6.1 118.8 17.1 202409 37.4 -3.4 33.0 20.5 0.3 14.0 1.1 786.0 322.1 Titan Company [1] 3310.4 36.5 90.6 30.2 202409 25.8 -23.1 21.3 -1.8 -1.4 22.5 1.2 3885.0 3059.0
EIH [2] 410.0 10.8 38.1 6.3 202409 11.0 41.1 15.4 46.3 -0.5 23.8 0.1 566.0 241.8 Kama Holdings 2486.6 239.5 10.4 1.2 202409 7.7 -31.3 -0.2 -14.0 0.3 20.3 0.8 3098.0 2349.0 Torrent Pharma. [5] 3405.9 51.4 66.2 15.4 202409 7.7 17.4 9.4 29.6 -0.8 23.2 0.7 3590.0 2248.7
Elgi Equipments [1] 573.0 10.3 55.4 10.5 202409 7.8 3.8 7.0 -18.5 -3.8 22.4 0.4 799.0 525.0 Kansai Nerolac [1] 261.2 7.7 33.8 3.7 202409 -0.3 -30.7 1.3 2.1 -0.4 16.6 0.1 352.8 252.2 Torrent Power 1451.7 44.5 32.6 4.4 202409 3.1 -8.5 8.7 3.1 -1.7 14.5 1.0 2037.4 898.9
Emami [1] 591.2 17.8 33.2 9.8 202409 3.0 19.1 5.0 11.5 0.2 31.9 0.0 859.2 417.6 Kaynes Tech 7067.0 37.1 190.5 17.4 202409 58.5 86.4 69.4 96.1 -3.2 14.6 0.1 7782.2 2425.0 Trent [1] 7118.8 38.4 185.6 54.1 202409 39.4 44.3 59.5 147.5 4.2 23.5 0.9 8345.9 2942.2
Endurance Tech. 2169.4 54.7 39.7 5.8 202409 14.4 31.3 17.8 36.7 -1.6 17.1 0.1 3059.1 1718.0 KEI Industries [2] 4331.3 65.4 66.3 7.6 202409 17.2 10.4 16.8 18.2 4.0 27.0 0.1 5040.4 2822.2 Trident [1] 33.2 0.6 52.5 4.0 202409 -4.7 -8.2 7.2 -29.6 -3.1 10.5 0.4 52.9 31.1
Engineers India [5] 188.5 6.6 28.6 4.5 202409 -12.8 -21.8 -10.4 -21.7 2.5 22.1 0.0 304.0 162.0 KFin Technolog. 1511.0 17.4 86.9 21.3 202409 34.2 45.5 26.7 38.8 4.6 30.2 0.1 1620.0 479.3 Triveni Turbine [1] 748.2 9.9 75.5 21.8 202409 29.2 41.6 27.0 35.2 -0.9 41.5 0.0 885.0 351.2
Equitas Sma. Fin 64.1 3.9 16.3 1.2 202409 14.4 -93.5 22.7 -40.2 -0.1 0.0 0.0 116.5 61.4 KIOCL 355.6 -2.0 12.0 202409 -96.3 -423.6 -44.5 -298.1 -1.6 -2.0 0.2 576.6 308.0 TTK Prestige [1] 811.3 15.6 52.1 6.0 202409 2.8 -10.8 2.9 -3.8 -2.1 14.6 0.1 1022.0 647.4
ERIS Lifescience [1] 1346.6 25.6 52.6 6.6 202409 47.6 -25.8 40.0 -9.6 -2.3 12.1 0.8 1593.0 810.1 Kirl. Brothers [2] 2014.3 49.6 40.6 8.6 202409 13.4 89.7 9.3 30.1 -6.8 26.3 0.2 2684.7 838.1 Tube Investments [1] 3590.4 31.4 114.2 13.0 202409 14.7 -21.5 16.6 -29.4 -0.6 26.6 0.2 4807.1 3338.8
Esab India 5942.6 110.3 53.9 26.3 202409 11.9 12.4 12.0 6.8 -2.6 74.9 0.0 6991.2 4618.7 Kirloskar Oil [2] 1032.4 36.1 28.6 5.1 202409 15.0 56.0 13.5 41.5 -0.2 14.7 1.5 1450.0 644.2 TVS Holdings [5] 10759.5 470.4 22.9 6.6 202409 8.6 21.6 12.5 40.5 -2.5 16.8 5.8 15115.3 7200.0
Escorts Kubota 3260.3 103.8 31.4 3.7 202409 0.4 54.0 4.3 29.4 3.1 16.1 0.0 4422.0 2647.5 KNR Construct. [2] 315.2 39.8 7.9 2.1 202409 87.3 208.4 29.0 121.8 -3.1 25.4 0.3 415.0 236.7 TVS Motor Co. [1] 2423.1 39.7 61.0 14.8 202409 13.8 45.1 19.3 29.4 1.3 15.1 3.9 2958.2 1873.1
Exide Inds. [1] 418.5 9.8 42.5 2.6 202409 1.8 -14.1 7.6 -3.9 -1.7 10.4 0.1 620.0 290.4 Kotak Mah. Bank [5] 1759.5 96.7 18.2 3.2 202409 19.8 13.1 24.9 12.0 0.9 0.0 0.0 1953.0 1544.2
KPIT Technologi. 1461.4 26.5 55.2 16.0 202409 22.7 45.3 27.9 48.7 0.7 34.6 0.2 1928.8 1283.3 U .....................................................................................................................................................................................................

F ......................................................................................................................................................................................................
Krishna Institu. [2] 596.1 8.3 72.0 11.9 202409 19.1 16.7 12.9 -3.1 0.6 18.4 0.6 634.8 350.0 UCO Bank 43.0 1.8 23.3 2.1 202409 16.5 50.4 17.2 19.8 -2.7 0.0 0.0 70.7 39.2
FDC [1] 500.1 19.4 25.7 3.6 202409 5.7 3.2 11.0 26.0 1.8 19.2 0.0 659.0 390.5 Ujjivan Small 34.3 6.0 5.7 1.1 202409 15.9 -28.9 25.2 -7.2 0.4 0.0 0.0 61.8 32.0
Federal Bank [2] 196.6 16.8 11.7 1.5 202409 21.0 10.3 25.5 12.5 1.3 0.0 0.0 216.9 139.5 L ...................................................................................................................................................................................................... UltraTech Cem.
Union Bank (I)
11400.0 227.9 50.0
117.9 20.1 5.9
5.4
0.9
202409
202409
-2.4
8.7
-36.0
33.0
4.3
15.3
15.5
28.8
-0.2
1.1
15.0
0.0
0.2 12143.9 9250.1
0.0 172.5 106.6
Fine Organic [5] 4579.4 143.5 31.9 6.6 202409 10.2 13.6 -10.8 -4.1 -3.7 31.3 0.0 5950.0 4005.0 L&T Finance Ltd 137.9 10.3 13.4 1.4 202409 25.1 16.9 14.5 35.2 1.2 8.2 3.6 194.2 134.1
Finolex Cables [2] 1194.1 45.7 26.1 3.5 202409 10.5 -23.5 8.4 8.5 3.3 18.5 0.0 1700.0 833.0 L&T Technology [2] 4689.4 123.8 37.9 8.8 202409 7.8 1.3 8.4 3.7 -3.0 34.0 0.1 5990.0 4228.0 United Breweries [1] 2030.8 17.9 113.7 12.7 202409 12.0 23.2 13.3 66.0 0.2 13.4 0.0 2202.9 1645.8
Finolex Inds. [2] 256.0 7.7 33.2 2.3 202409 -6.2 -58.5 -2.4 4.2 7.2 11.8 0.1 355.7 203.7 Larsen & Toubro [2] 3608.3 97.8 36.9 5.6 202409 20.6 5.4 17.3 10.5 -0.6 14.5 1.4 3963.0 3175.5 United Spirits [2] 1579.8 19.8 79.9 15.1 202409 -0.9 8.1 5.3 12.0 2.2 27.8 0.0 1648.4 1055.7
Firstsour.Solu. 368.4 7.6 48.6 6.7 202409 25.4 9.3 13.9 -2.9 3.1 15.4 0.4 391.5 176.7 Latent View [1] 483.3 8.3 58.5 7.1 202409 34.2 17.2 23.0 11.1 2.1 15.2 0.0 575.0 430.1 Uno Minda [2] 1030.7 15.7 65.7 11.1 202409 17.2 6.1 22.9 21.4 -2.0 20.9 0.3 1252.9 605.1
Five-Star Bus.Fi [1] 803.2 33.1 24.2 4.1 202409 35.3 34.4 40.1 38.3 5.1 15.8 1.1 943.2 601.0 Laurus Labs [2] 586.4 2.4 241.2 7.7 202409 -0.1 -46.3 -5.2 -64.4 4.9 6.3 0.6 593.0 358.7 UPL [2] 502.2 -24.0 1.4 202409 9.0 -363.5 -10.6 -213.3 -0.5 3.8 1.0 599.5 429.7
Fortis Health. 682.2 9.2 74.4 6.6 202409 12.3 29.2 10.3 31.3 0.7 9.7 0.1 740.1 375.1 Laxmi Organic [2] 244.3 4.8 50.5 3.7 202409 18.2 162.3 7.5 33.2 0.6 9.6 0.2 325.5 220.0 Usha Martin [1] 383.8 14.0 27.3 4.5 202409 13.6 0.2 1.7 7.1 3.2 21.7 0.2 450.9 272.7
FSN E-Commerce [1] 159.6 0.1 1066.1 35.0 202409 24.4 71.6 24.3 116.7 -4.5 6.5 0.7 229.9 140.0 Lemon Tree Hotel 149.5 1.9 78.0 11.7 202409 25.2 30.9 24.6 16.7 -2.6 12.6 2.5 159.0 112.3 UTI AMC 1249.5 65.9 19.0 3.7 202409 33.2 30.8 31.7 49.4 1.2 24.2 0.0 1408.0 805.0
LIC Housing Fin. [2] 596.5 88.8 6.7 1.0 202409 2.5 11.4 6.3 17.3 2.4 8.8 8.5 827.0 522.1
G .....................................................................................................................................................................................................
Life Insurance 887.6 65.6 13.5 5.8 202409 21.8 -19.8 6.1 -9.7 -1.5 1.0 0.0 1221.5 806.0 V ......................................................................................................................................................................................................

G M D C [2] 328.0 20.0 16.4 1.7 202409 54.9 71.4 -7.6 -36.5 0.6 12.5 0.0 505.0 309.0 Linde India 6144.7 52.2 117.6 14.6 202409 -10.8 -2.1 -4.9 6.6 -3.5 17.0 0.0 9909.0 5320.0 Vardhman Textile [2] 513.0 27.5 18.6 1.6 202409 4.4 46.6 0.3 49.7 -2.3 8.8 0.2 592.3 375.0
GNFC 571.6 30.6 18.7 1.0 202409 -7.8 -42.3 -6.2 -51.7 -2.1 6.9 0.0 814.9 525.0 Lloyds Metals [1] 1182.3 28.1 42.1 10.7 202409 25.0 30.3 46.9 29.4 4.2 78.3 0.0 1194.1 522.4 Varroc Engineer [1] 588.2 34.5 17.0 5.6 202409 10.3 2.7 10.2 215.1 -1.7 14.8 1.3 717.0 432.2
G R Infraproject [5] 1485.7 95.2 15.6 1.8 202409 -25.9 -16.2 -10.8 -25.8 -2.7 16.9 0.7 1860.0 1078.1 LMW 17077.6 187.4 91.1 6.6 202409 -41.8 -78.8 -28.0 -51.9 -2.0 17.2 0.0 19031.213000.1 Varun Beverages [2] 624.8 7.5 83.1 13.1 202409 24.1 23.7 21.8 27.2 2.1 27.8 0.8 682.8 478.5
G S F C [2] 200.6 13.3 15.1 0.6 202409 -15.5 -3.5 -20.6 -50.0 -1.8 5.6 0.0 322.5 187.7 LTIMindtree [1] 5677.1 157.1 36.1 8.0 202409 5.9 7.7 4.5 5.1 -2.5 31.0 0.1 6764.8 4518.4 Vedant Fashions [1] 1252.0 16.6 75.5 19.9 202409 22.7 37.3 2.5 0.8 -3.5 29.1 0.3 1511.2 886.1
GAIL (India) 192.6 17.6 11.0 1.5 202409 2.7 10.2 0.9 118.4 0.1 13.7 0.3 246.4 151.7 Lupin [2] 2228.0 57.6 38.7 6.5 202409 11.3 74.1 15.0 97.3 3.7 15.3 0.3 2312.0 1289.2 Vedanta [1] 451.1 25.8 17.5 4.7 202409 -3.6 81.1 -0.3 156.5 -5.5 17.6 2.4 527.0 249.8
Galaxy Surfact. 2541.6 88.4 28.8 4.0 202409 8.1 9.4 -2.1 -10.3 -5.8 17.3 0.1 3366.3 2241.1 V-Guard Industri [1] 417.1 6.8 61.2 9.4 202409 14.1 7.5 18.1 37.9 0.1 17.3 0.3 577.4 283.5
Garden Reach Sh. 1693.9 33.6 50.4 10.5 202409 28.4 21.1 38.9 39.1 7.8 27.0 0.1 2834.6 674.3 M .................................................................................................................................................................................................... Vinati Organics [1]
Voltas [1]
1753.4
1704.5
35.7 49.2
16.8 101.8
7.1
9.0
202409
202409
19.5
14.7
44.1
265.3
7.2
36.0
4.6
80.6
2.6
1.2
18.4
8.4
0.0 2331.1 1462.7
0.1 1946.2 965.1
Garware Tech. 4662.1 113.6 41.0 8.2 202409 28.1 25.7 10.0 17.7 8.0 22.8 0.1 4925.8 3116.1 M & M [5] 3050.1 95.4 32.0 5.4 202409 9.9 35.1 11.2 10.3 4.9 13.8 1.6 3221.1 1575.3
GE Shipping Co 983.6 198.3 5.0 1.0 202409 10.2 -3.2 4.0 12.4 -0.8 19.7 0.3 1542.8 890.1 M & M Fin. Serv. [2] 266.8 17.6 15.1 1.6 202409 16.5 38.5 20.8 10.0 0.1 8.8 4.7 342.9 246.3
General Insuranc [5] 473.3 41.5 11.4 1.4 202409 -10.7 9.9 -2.8 9.8 -5.9 12.1 0.0 525.0 280.3 MRPL 145.4 5.2 27.9 2.1 202409 29.0 -166.3 6.4 -75.9 2.3 24.6 1.3 289.3 128.2 W ....................................................................................................................................................................................................

Gillette India 9373.5 138.7 67.6 31.5 202409 17.1 43.5 8.8 25.0 -0.4 52.6 0.0 10652.1 6074.4 Macrotech Devel. 1409.1 21.6 65.4 7.9 202409 50.1 109.5 47.9 40.5 0.6 10.8 0.6 1648.0 953.5 Welspun Corp [5] 805.2 42.1 19.1 3.5 202409 -18.7 -23.1 7.2 36.4 3.6 21.4 0.5 824.5 441.0
Gland Pharma [1] 1809.8 42.0 43.1 3.4 202409 2.4 -15.7 36.8 -5.7 2.3 13.4 0.0 2221.0 1590.0 Mah. Scooters 9617.7 152.8 63.0 0.4 202409 -20.8 -23.6 -19.9 -13.6 0.3 0.9 0.0 12847.5 6702.0 Welspun Living [1] 156.3 7.3 21.4 3.3 202409 14.5 2.2 19.3 34.8 -4.2 15.4 0.6 213.1 122.6
Glaxosmi. Pharma 2271.1 47.3 48.0 23.0 202409 5.6 14.6 7.6 26.1 -0.6 45.0 0.0 3088.0 1799.1 Mah. Seamless [5] 695.1 63.0 11.0 1.6 202409 -15.9 -12.1 -11.2 -14.5 -2.2 22.6 0.0 1099.1 562.7 Westlife Food [2] 818.8 1.4 590.8 21.5 202409 0.7 -98.4 -0.1 -79.9 -0.8 10.8 2.2 959.5 674.8
Glenmark Pharma. [1] 1585.4 -70.3 5.3 202409 7.6 414.9 -0.7 -493.0 2.8 12.1 0.3 1830.1 766.7 Mahanagar Gas 1237.7 115.6 10.7 2.2 202409 13.7 -16.2 3.8 -0.5 1.7 36.1 0.0 1988.6 1075.0 Whirlpool India 1871.1 24.8 75.5 6.3 202409 12.6 42.2 14.4 58.2 -3.5 8.3 0.1 2450.0 1186.9
Global Health [2] 1089.3 18.2 59.9 9.3 202409 13.3 4.5 14.5 19.4 -0.9 16.5 0.6 1513.8 930.0 Mahindra Holiday 356.8 5.6 63.4 -21.0 202409 2.4 -35.5 6.8 72.1 -1.1 4.3 0.0 504.4 346.7 Wipro [2] 309.1 11.2 27.6 4.0 202409 -1.0 21.3 -3.4 0.8 1.3 16.4 0.2 320.0 208.4
GMR Airports [1] 79.1 -1.0 -49.1 202409 20.9 -621.1 23.8 -82.6 0.5 0.0 0.0 103.7 70.6 Mahindra Life. 472.2 7.7 60.9 4.0 202409 -57.2 -174.0 -47.7 638.7 -0.1 2.0 0.3 679.2 453.1
Godfrey Phillips [2] 5263.9 181.5 29.0 5.8 202409 19.3 22.9 21.0 17.5 -1.7 22.1 0.1 8480.0 2065.5 Manappuram Fin. [2] 183.5 26.7 6.9 1.2 202409 21.9 2.2 27.5 21.5 1.2 13.8 3.0 230.3 138.4 Y ......................................................................................................................................................................................................

Godrej Agrovet 719.9 20.6 34.9 5.8 202409 -4.8 6.6 -2.4 10.7 -0.9 14.9 0.6 877.9 475.7 Mankind Pharma [1] 2873.2 51.3 56.0 8.7 202409 13.6 30.4 16.8 35.8 2.5 27.9 0.0 3050.0 1910.1 Yes Bank [2] 19.8 0.6 34.7 1.3 202409 15.2 147.8 18.4 114.3 -0.1 0.0 0.0 32.8 19.1
Godrej Consumer [1] 1068.6 17.7 60.5 9.0 202409 2.2 12.2 1.6 -1.6 -0.2 18.9 0.2 1541.3 1060.2 Marico [1] 632.9 12.3 51.6 17.6 202409 7.6 19.8 3.6 12.6 0.7 42.4 0.2 719.8 486.8
Godrej Industrie [1] 1129.9 12.0 94.0 4.5 202409 22.0 229.5 0.4 -54.0 0.9 6.7 3.0 1314.0 702.8 Maruti Suzuki [5] 10938.2 446.0 24.5 3.9 202409 0.1 -18.1 10.4 22.7 0.3 21.0 0.0 13675.0 9738.4 Z ......................................................................................................................................................................................................

Godrej Propert. [5] 2829.4 46.1 61.4 5.1 202409 218.7 401.8 15.0 109.6 -0.9 6.3 0.9 3400.0 1982.6 Mastek [5] 2930.0 119.0 24.6 4.0 202409 13.3 97.2 13.5 35.1 -3.7 16.8 0.2 3375.0 2137.3 Zee Entertainmen [1] 124.8 4.5 28.0 1.1 202409 -17.9 13.8 -3.4 37.1 -0.2 6.2 0.0 293.1 114.4
Granules India [1] 585.5 20.1 29.1 4.1 202409 -19.5 -4.8 -1.4 23.7 -1.1 15.2 0.4 724.6 382.1 Max Financial [2] 1106.2 10.0 110.9 7.4 202409 31.6 -23.9 37.4 -32.0 -0.1 8.6 0.1 1311.2 855.1 Zensar Tech. [2] 735.9 28.6 25.8 4.5 202409 5.4 -10.5 3.1 23.4 -4.0 24.9 0.1 838.5 512.8
Graphite India [2] 560.3 23.9 23.5 1.9 202409 -18.9 496.0 -9.0 418.6 -0.6 1.4 0.1 709.5 460.0 Max Healthcare 1126.3 10.9 103.4 12.4 202409 25.3 1.9 20.1 7.0 -3.5 15.0 0.1 1215.0 669.7 ZF Commercial [5] 11816.5 215.9 54.7 7.6 202409 -8.1 3.3 -2.6 4.5 1.5 20.6 0.0 18100.111340.9
Grasim Inds [2] 2479.7 74.4 33.3 1.8 202409 11.1 -62.5 14.4 -19.9 -0.6 8.2 1.4 2875.5 2015.2 Mazagon Dock [5] 2308.7 63.7 36.2 12.8 202409 50.8 75.8 34.0 93.7 -2.3 40.1 0.0 2930.0 898.6 Zomato Ltd [1] 271.2 0.8 352.7 8.8 202409 68.5 388.9 71.1 249.1 -3.8 1.0 0.0 304.5 120.7
Grindwell Norton [5] 1948.0 33.8 57.6 10.5 202409 4.4 -5.6 5.8 -1.0 -4.0 25.2 0.0 2959.5 1850.1 Medplus Health [2] 839.6 8.4 100.1 6.1 202409 11.9 166.1 16.8 71.8 -1.1 6.7 0.6 876.8 598.0 Zydus Lifesci. [1] 972.7 42.5 22.9 4.5 202409 20.1 13.6 13.9 34.1 -0.1 23.9 0.1 1323.9 681.6
Guj Pipavav Port 179.7 8.2 21.9 3.8 202409 -10.1 -16.2 4.5 11.1 -2.5 22.1 0.0 250.5 145.0 Metro Brands [5] 1247.9 15.2 82.0 17.2 202409 5.4 4.3 4.3 21.9 -3.1 19.8 0.6 1430.1 992.7 Zydus Wellness 1882.5 49.3 38.1 2.2 202409 12.1 166.1 11.0 3.8 -1.5 5.1 0.1 2484.0 1441.8

CM
YK ... . . . . .. .BM-BME
 Safe Investing . bl . 9
MUMBAI

businessline.portfolio
SUNDAY - DECEMBER 29 - 2024

Sai Prabhakar Yadavalli Bank FD interest rates (%)

bl. research bureau

The year 2024 witnessed several

regulatory changes in the health
‘A year of FOREIGN BANKS
Bank <1 year
1 to 2
years
2 to 3
years
3 to 5
years
w.e.f

change in health
insurance implemented by the DBS Bank 6 7.5 7 6.5 Dec 11
IRDAI, and also product innova-
Deutsche Bank 7 8 8 7.5 Jun 10
tion, benefitting customers. As
the year draws to a close, we in- HSBC 4.5 7.5 7 7 Oct 03
teracted with Amit Chhabra, Scotia Bank 3.7 3.9 4 4 Dec 01

insurance’
CBO - General Insurance, Poli- Standard Chartered 7 7.5 7.2 7.1 Oct 05
cybazaar, to highlight the
changes and impact on custom- INDIAN: PUBLIC SECTOR BANKS
ers. We also discuss the gaps to Bank of Maharashtra 7.35 7.1 7.25 6.5 Dec 11
improve health insurance. Bank of Baroda 6.5 7.3 7.15 6.8 Oct 14
Bank of India 6 7.3 6.75 6.5 Sep 27
One big change this year in MEET THE CBO. Amit Chhabra of Canara Bank 6.25 7.3 7.4 7.4 Dec 01
health insurance was
insurance for all ages and Policybazaar summarises the changes in Central Bank of India 6.25 7.45 6.5 6 Aug 10
all diseases. How is it
panning out?
health insurance in 2024 and the gaps that Indian Bank 7.05 7.25 6.7 6.25 Jun 12
Indian Overseas Bank 5.75 7.3 6.8 6.5 Jul 15
The essence of the regulation is need to be addressed in the future Punjab National Bank 7.05 7.25 7 6.5 Oct 01
that the regulator wants to pro-
mote all insurance companies to Punjab & Sind Bank 7.2 7.5 7.4 6.75 Nov 14
provide health insurance to State Bank of India 6.5 7.25* 7 6.75 Jun 15
everybody. Firstly, hospitalisa-
UCO Bank 7.3 7.05 6.3 6.2 Sep 24
tions have become a lot expens- years of age, you can get a ₹10 On the claim turnaround claim rejection. perspective that can be
ive as a lot of modern treat- lakh sum insured plan which times, it is important to under- The regulator introduced the improved on? Union Bank 7 7.3 6.7 6.5 Nov 01
ments have come up. Secondly, wasn’t available earlier. And stand that the delay is at the hos- customer information sheet There have been many changes INDIAN: PRIVATE SECTOR BANKS
we are also seeing a higher rate now, there are plans built for pitalend and not at the insurer. which, in a simple language and this year and it is tough to point Axis Bank 6 7.25 7.1 7.1 Oct 21
of disease incidence. With all specific diseases such as cancer, There is a lot of paperwork from format, summarises the policy a gap. But one regulatory gap is
this, health insurance is becom- heart conditions, etc. In terms the hospital end between sev- to the consumer. This has been better coordination between Bandhan Bank 4.5 8.05 7.25 7.25 Sep 13
ing an extremely universal need of availability of options, it has eral departments such as nurs- implemented this year. hospitals and insurance com- Catholic Syrian 7.25 7.75 7.1 5.75 Aug 03
for everyone. significantly gone up. Somore ing, pharmacy, surgery and oth- panies. City Union Bank 7.5 7 6.5 6.25 Sep 01
In such a scenario, one gap consumers have options to buy ers. Since most hospitals are not This year has seen many Considering that these are DCB Bank 7.25 8.05 7.55 7.75 Jun 07
was that senior citizens didn’t health insurance. paperless, collating these causes improvements, what are under two different regulators,
have as many options as they On the issue of pricing, un- the delay. To overcome this, one the other changes you this may be tougher to fill. But Dhanlaxmi Bank 5 7.25 6.5 7.25 Nov 18
should have had. To fill this gap, derwriting is the prerogative of can go for a pre-approval of would want to highlight? these two industries need to Federal Bank 6.5 7.35 7.4 7.4 Dec 16
1845247

1845247
the regulator said that insurance the insurance company. But a lot claims. Most treatments now The one other change is that in- work together for a better cus- HDFC Bank 6 7.25 7.35 7.4 Jul 24
companies must offer products of underwriting innovation has are packages like open-heart surance companies can now of- tomer experience.
ICICI Bank 6 7.25 7 7 Dec 27
supporting up to 99 years of age happened. Compared to earlier, surgery or an angioplasty and if fer four-five year policies. This On the product side, OPD
for senior citizens who are at the insurance companies can offer the procedure is pre-approved, will allow customers to lock in coverage is still nascent and can IDBI Bank 7.05 7.4 7 6.5 Dec 23
most risk. co-payment, sub-limits or per- it can be a seamless process. on the premiums which other- be improved. Out-patient con- IDFC First Bank 5.75 7.75 6.8 6.75 Oct 16
Similarly, for people who have manent exclusions which allow One more development on wise would be subject to annual sultations need to be covered IndusInd Bank 6.5 7.99 7.25 7.25 Nov 26
pre-existing diseases, they were them to offset higher risks and the claims part is that customers inflation. for better health insurance. The
not able to get policies for them- yet offer a policy to customers at are being rewarded by the in- On the product side, too, other gap from a product per- J & K Bank 6.25 7 7 6.75 Aug 11
selves. Along those lines, the a lower premium. surer on a claim less year. there have been several im- spective is the missing middle Karnataka Bank 6.25 7.5 6.5 6.5 Dec 02
pre-existing diseases waiting Earlier, premiums were increas- provements including global — the class that is not covered Kotak Bank 7 7.4 7.15 7 Jun 14
period is now reduced to three On the claims part, the ing for customers irrespective of coverage, renewal bonus and e- by government schemes, but is Karur Vysya Bank 7.4 7.5 7.6 7 Nov 22
from five years and moratorium regulator has also insisted their claim behaviour. From this consultation. Now, health insur- not able to afford the insurance
period is reduced to five (after that reimbursement year, insurance companies have ance can offer customisation at by themselves. RBL Bank 6.05 8 7.5 7.1 Dec 15
which claims cannot be rejected should be a rare been allowed to price premiums a mass level. The choice and South Indian Bank 6.55 7.4 7 7.2 Dec 21
on non-disclosure). These allow phenomenon and cashless or offer substantial discounts wide-ranging offer allows every- What can be done to Tamilnad Mercantile Bank 7.6 7.5 6.75 6.5 Oct 17
people to claim health insurance should be the preferred based on claims made. one to customise their policy to improve claims
TNSC Bank 6.75 7.75 6.75 6.5 NA
much earlier. This has been im- route. Also, claim their needs. This even extends experience?
plemented in word and spirit processing should be A customer information to the coverage amount. With Better product awareness can Yes Bank 6.35 7.75 7.25 7.25 Nov 05
such that all policies, existing or completed in 2-3 hours. sheet has been introduced several insurance companies of- minimise the gaps in claims ex- SMALL FINANCE BANKS
new have to have three-year Have these been this year. How does that fering and there being a demand perience. The policyholder, for AU Small Finance Bank 7.25 8 7.5 7.5 Jun 07
waiting period since October. implemented? help? for such, ₹1-2 crore health in- instance, is not aware of the sub-
Equitas Small Finance Bank 7 8.15 8.25 7.5 Dec 02
A very critical initiative on that The genesis of this is that histor- surance is within the reach of limits or the room rent clause,
How is the situation on the line is called cashless anywhere, ically when a policy was bought customers. which leads to sub-optimal ESAF Small Finance Bank 6 8.25 8.25 6.75 Jan 01
ground? Are senior where essentially even if a cus- by a consumer, they didn’t even The product innovation will claims. Jana Small Finance Bank 7.5 8.25 8.25 8.2 Dec 12
citizens getting a better tomer is not going to a network have clarity on which plan they continue as well. The recent rise Also, health insurance com- Suryoday Small Fin Bank 7.25 8.5 8.6 8.25 04-Sep
deal now? And if the hospital, they can still get cash- have bought, the waiting period, in FDI limits in insurance means panies are paying claims, but it is
pricing is expensive, it less treatment. A customer has the kind of room allowed, etc. that foreign entities need not coloured by the case where the Ujjivan Small Finance Bank 7.5 8.25 7.75 7.2 13-Sep
negates the availability of to inform the insurance com- Some agent would have come to look for local partners to enter claim is not met. The regulator *Data as on respective banks’ website on December 27, 2024; For each year range, the maximum
health insurance for the pany before hand or as early as their house and sold the policy. the market. They can do so on is also having a close watch on offered interest rate is considered; interest rate is for a normal fixed deposit amount below ₹1
elderly. possible in case of an emergency When the customer makes a their own, which will be positive the claims and insurance com- crore. Compiled by BankBazaar.com; *w.e.f. July 15, 2024

On ground, we have seen a lot of treatment. The insurance com- claim years later, it becomes an for the industry. panies will have to document
positivity. Insurers are now of- pany can do a temporary agree- issue because the customer is why a claim is not met. So, bet-
fering products to all con-
sumers. For instance, even at 99
ment with the hospital to ensure
cashless treatment.
not aware of the terms and con-
ditions. Then this may lead to
What are the gaps from a
product or a regulatory
ter product awareness can min-
imise the drop in claims.
ALERTS.
Muthoot Fincorp launches NCD IPO

Muthoot Fincorp has launched the public issue of its secured,

redeemable, non-convertible debentures (NCDs). The base
INSURANCE QUERY. issue size is ₹100 crore with a greenshoe option of up to
₹200 crore. The face value of one NCD is ₹1,000 and
investors must subscribe for a minimum of 10 NCDs, with
increments of one NCD thereafter. The NCD is rated CRISIL
electrochemical reactions coverage based on your AA- Stable. The issue is open until January 6, 2025.
resulting in the explosion of vehicle’s usage, specifically the
and/or visible flames and/or kilometres driven, based on
smoke from the battery or the which the premium is
battery management system. It determined. You can easily add
TAPAN SINGHEL also covers damage from water more kilometres through a
entering the battery and short top-up plan if you exceed the
I am about to buy a new circuits, including whilst selected kilometre limit.
electric vehicle (EV) for the mounting, dismounting or Moreover, you can enhance
first time and need vehicle charging. your protection with add-ons
clarification about the type of We strongly advise such as zero depreciation cover,
motor insurance I need. Are purchasing a roadside consumables cover, key
there specific coverages for assistance cover to ensure replacement cover, conveyance
EVs that I should consider, or prompt assistance in case of benefit and towing cover,
would regular motor mechanical or electrical among others. These ensure
GETTY IMAGES/ISTOCKPHOTO
insurance suffice? How do failures, dead batteries, flat that you are fully covered
claims work for battery tyres or accidents. This against unexpected repair and
damage or charging station disability, with a sum insured of policy will cover these risks, coverage provides swift support replacement costs.
accidents? Any advice you up to ₹15 lakh. Additionally, you similar to any standard motor during unexpected roadside I urge you to carefully review
can give me would be helpful. can opt for passenger cover to insurance. However, due to the emergencies where the your insurance policy’s general
Ujwal insure co-passengers for up to unique battery-powered nature insurance company’s assistance conditions and exclusions to
₹2 lakh per passenger. of EVs, it’s essential to consider partner will come to your ensure that your specific needs
As per the Motor Vehicle Act For thorough protection additional add-on covers for rescue. Many insurance are addressed. Additionally, to
of 1988, having both third-party against loss or damage to your complete protection. companies offer additional better understand your
liability insurance and personal vehicle, it’s essential to consider Depending on the insurance support to customers, such as a insurance and the services
accident cover for a comprehensive motor company, various add-on dedicated 24/7 helpline that available with your insurer, visit
owner-drivers is mandatory. insurance policy that includes coverages are available to answers EV-related queries, your current or prospective
Third-party liability insurance both third party and ‘own protect your EV. One such on-site charging service and insurer’s website. Many
covers financial loss or damage damage’ cover. While ‘own add-on specifically provides pick-up and drop services, insurers have ecosystems
caused to another person or damage’ coverage is optional, it protection for your EV’s among others. specifically designed for EVs,
property or, in essence, a third is strongly recommended for all battery. It includes coverage for Additionally, insurers are which will give you a good
party by your vehicle. On the EVs. EVs, like conventional damage caused by unexpected offering the ‘Pay As You understanding of the services
other hand, personal accident vehicles, are vulnerable to risks power surges during charging. Consume’ add-on, which is offered by your insurer.
cover protects the vehicle such as accidents, fire, theft and In addition, it covers available with your insurance
owner-driver in the event of an natural calamities. A spontaneous, unexplained and policy. This usage-based The writer is MD & CEO, Bajaj Allianz
accident resulting in death or comprehensive EV insurance uncontrolled exothermal insurance lets you choose General Insurance

Health insurance premium tracker Term insurance premium tracker

For a 30-year-old male, non-smoker, sum insured of ₹10 lakh living in a metro city For a 30-year-old male/female, non smoker, living in a metro city, Sum assured ₹1 crore with coverage up to 70 yrs

Insurer Plan name Key features Premium (₹) Max Max

Annual premium (~) Claim
coverage policy
Insurance company Plan name (inclusive of GST) settlement
Unlimited restoration of cover; No room rent limit; up to term
Niva Bupa Health ReAssure 11,694 ratio (%)
Carry forward unutilised sum insured up to 5x (years) Male Female
7x sum insured in 5 years; Unlimited restoration Aditya Birla Capital Digishield Plan 85 55 15,066 12,687 98.1
Care Care supreme 11,149
of cover; Wellness benefit up to 30%
Bandhan Life iTerm Prime 70 40 14,282 11,756 99.7
Comprehensive plan; Mid term inclusion of wife and
Star Health Star Comprehensive 11,476
child; Unlimited restoration of cover Bajaj Allianz eTouch 99* 69 11,996 10,426 99.0
Activ Health No room rent limit; Up to 100% discount on renewal; Canara HSBC Life Young Term Plan - Life Secure 99 69 12,997 10,857 99.0
Aditya Birla 11,212
Platinum Enhanced Premium waiver for critical illness
Edelweiss Tokio Zindagi Protect 100 70 15,528 12,735 99.2
Bajaj Allianz Individual Health No room rent limit; No claim bonus;
12,212 HDFC Life Click 2 Protect Super 100 70 15,863 13,484 99.4
General Guard - Gold OPD up to 10K optional
OPD cover up to 30K; Unlimited restoration of cover; ICICI Prudential iProtect Smart 99 69 16,286 14,365 97.8
Manipal Cigna Prime – Advantage 12,513
Unique switch off benefit Kotak Life Kotak e-Term Plan 85 67 13,452 11,210 98.8
Global coverage along with OPD and dental; Max Life Smart Secure Plus 85 55 14,798 11,674 99.5
TATA AIG Medicare Premier 13,663
Coverage for consumables
PNB Met Life Mera Term Plan Plus 80 50 15,930 12,980 99.1
2X coverage from Day 1; Sum insured doubles
HDFC Ergo Optima Secure 15,132 SBI Life eShield Next 100 70 17,495 14,654 97.1
after 2 years; Zero deductions on non-medical
Health AdvantEdge PED Coverage after 2 Years; Surrogacy & IVF; TATA AIA Life SRS Vitality Protect 100 70 12,510 10,634 99.0
ICICI Lombard 11,831
Apex Plus OPD- BeFit C(Optional)
Claim settlement ratio as per data provided by insurer Source: www.policybazaar.com, Date: Dec 27, 2024
Premium is calculated on the basis of age of insured member, location, Plan type and Sum insured; Health insurance covers medical expenses that Max Life offers additional 5% discount for 1st year for salaried customers; *Whole life available only on limited pay option; HDFC whole is available
arise due to an illness and benefits will be payable subject to the terms and conditions and exclusions of the Policy. only in limited payterm(Life Protect) & Limited+Single payterm(Income Plus); SBI eShield Next plan whole life is available only in limited pay with
Date: Dec 27, 2024. Source: www.policybazaar.com above age 45yrs

CM
YK . . . . . . . . BM-BME
 10 . bl . Star Track MF Ratings
MUMBAI

businessline.portfolio
SUNDAY - DECEMBER 29 - 2024

bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) Sortino bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) Sortino
NAV Corpus 5 Year 10 Year Ratio NAV Corpus 5 Year 10 Year Ratio
Regular Direct 1 Year 3 Year Regular Direct 1 Year 3 Year
(₹) (₹ Cr) CAGR CAGR CAGR CAGR (%) (₹) (₹ Cr) CAGR CAGR CAGR CAGR (%)

★★★ LIC MF Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 34.1 411 2.5 1.4 40.8 25.4 30.6 - 0.55
★★★ SBI Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 177.6 33285 1.6 0.7 25.3 20.1 27.1 20.7 0.56
EQUITY - SECTOR - BANKING FUNDS
★★★ Union Small Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 51.1 1662 2.1 1.0 23.9 21.0 29.6 15.8 0.55
★★★★★ Sundaram Fin Serv Opport . . . . . . . . . . . . . . . . . . .. . . . . . . . 94.9 1450 2.1 0.8 8.1 18.7 14.2 12.7 0.27
★★ Franklin Ind Smaller Companies . . . . . . . .. . . . . . 179.7 14045 1.7 0.9 23.5 26.0 29.5 17.6 0.52
★★★★ Invesco India Fin Serv . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 127.8 1110 2.2 0.9 20.9 20.2 14.8 14.4 0.27
★★ HDFC Small Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 138.9 33842 1.6 0.7 21.2 23.1 29.4 18.7 0.52
★★★★ SBI Banking & Fin Serv . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 38.2 6548 1.8 0.7 20.4 17.8 13.5 - 0.25
★ Aditya Birla SL Small Cap . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 88.0 5160 1.9 1.0 21.9 17.5 23.7 14.6 0.42
★★★ Aditya Birla SL Bank & Fin Serv. . . . . . . . . . . .. . . . . . . . 55.3 3270 2.0 1.1 10.0 14.8 11.8 13.1 0.22
★ Sundaram Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 258.6 3424 1.9 0.8 20.0 20.3 28.1 14.7 0.48
★★★ ICICI Pru Banking & Fin Serv . . . . . . . . . . . . . . . . .. . . . . . 120.7 9026 1.8 1.0 12.6 14.6 11.4 12.5 0.21
- Bank of India Small Cap . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 49.4 1613 2.0 0.5 31.4 23.1 36.5 - 0.72
★★★ Nippon Ind Banking & Fin Serv . . . . . . . . . . . .. . . . . . 565.8 6307 1.9 1.1 11.1 19.0 13.9 12.4 0.24
- Canara Robeco Small Cap. . . . . . . . . . . . . . . . . . . . .. . . . . . . . 40.2 12452 1.7 0.5 24.0 21.1 33.5 - 0.63
★★★ Tata Banking and Fin Serv . . . . . . . . . . . . . . . . . . . .. . . . . . . . 38.7 2378 2.0 0.5 10.1 16.5 12.2 - 0.24
- Edelweiss Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 45.0 4374 1.8 0.4 25.4 22.5 32.5 - 0.61
★★ Baroda BNP Paribas Bank&Fin Serv . .. . . . . . . . 43.9 204 2.4 1.0 13.4 16.9 10.8 10.4 0.20
- ICICI Pru Smallcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 86.1 8375 1.8 0.8 16.4 19.9 27.4 15.9 0.50
★★ LIC MF Banking & Fin Serv . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.3 263 2.4 1.1 2.0 13.9 9.3 - 0.18
- Invesco India Smallcap . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 43.0 5842 1.8 0.4 37.9 27.0 32.0 - 0.58
★ UTI Banking and Fin Serv . . . . . . . . . . . . . . . . . . . . . .. . . . . . 172.2 1170 2.2 1.2 12.5 15.9 10.6 9.7 0.20
- Tata Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 41.8 9572 1.7 0.3 31.4 25.0 31.8 - 0.62
- Taurus Banking & Fin Serv . . . . . . . . . . . . . . . . . . . .. . . . . . . . 49.8 11 2.5 1.8 9.2 14.6 10.9 10.4 0.21
EQUITY - FOCUSED FUNDS
EQUITY - SECTOR - IT FUNDS
★★★★★ 360 ONE Focused Equity. . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 45.4 7305 1.8 0.9 15.7 14.7 20.0 15.8 0.41
★★★★★ ICICI Pru Technology. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 215.7 13990 1.8 1.0 26.2 8.2 29.8 18.6 0.59
bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) Sortino
★★★★★ ICICI Pru Focused Equity . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 85.2 9945 1.7 0.6 27.7 20.7 24.1 14.1 0.57
★★★★ Tata Digital India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 54.2 12659 1.7 0.4 30.6 10.7 28.9 - 0.59
NAV Corpus
Regular Direct 1 Year 3 Year 5 Year 10 Year Ratio ★★★★ HDFC Focused 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 215.8 15521 1.7 0.6 24.7 24.8 22.6 14.0 0.44
(₹) (₹ Cr) CAGR CAGR CAGR CAGR (%) ★★★ Aditya Birla SL Digital India . . . . . . . . . . . . . . . . . .. . . . . . 187.9 5333 1.9 0.8 18.4 9.0 27.9 19.2 0.56
★★★★ Quant Focused. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 84.6 1118 2.2 0.7 13.4 16.6 21.3 15.8 0.43
EQUITY - LARGE CAP FUNDS ★★ SBI Technology Opport . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 227.1 4586 1.9 0.8 30.3 12.0 27.5 17.6 0.59
★★★ Aditya Birla SL Focused. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 136.2 7706 1.8 0.9 20.0 14.4 16.6 12.6 0.34
★ Franklin Ind Technology . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 550.7 1950 2.0 1.0 28.8 15.2 26.9 17.6 0.57
★★★ Franklin Ind Focused Equity . . . . . . . . . . . . . . . . .. . . . . . 105.5 12183 1.8 0.9 20.6 18.1 20.1 14.2 0.39
★★★★★ Canara Robeco Bluechip Equity . . . . . . . . .. . . . . . . . 60.7 14824 1.7 0.5 18.9 14.0 17.3 13.7 0.39 EQUITY - SECTOR - PHARMA FUNDS
★★★ JM Focused . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.6 212 2.4 0.8 25.9 22.0 16.9 13.8 0.32
★★★★★ ICICI Pru Bluechip . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 104.4 63938 1.4 0.9 18.0 17.6 18.4 13.9 0.39
★★★ Nippon Ind Focused Equity . . . . . . . . . . . . . . . . . .. . . . . . 114.7 8412 1.9 1.2 12.0 15.4 19.3 13.8 0.36
★★★★★ JM Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 154.5 495 2.4 0.7 16.8 16.5 17.7 11.5 0.58 - DSP Healthcare. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 41.4 3249 1.9 0.6 41.0 21.8 30.7 - 0.85
★★★ SBI Focused Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 330.7 34747 1.6 0.7 18.1 10.0 16.5 14.2 0.35
★★★★ Baroda BNP Paribas Large Cap . . . . . . . . . . .. . . . . . 217.8 2403 2.0 0.8 21.3 16.7 17.2 13.3 0.38 - ICICI Pru Pharma Healthcare (P.H.D) . . . . . . . . 39.3 5045 1.9 1.1 46.1 24.9 30.6 - 0.88
★★★ Sundaram Focused . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 161.2 1118 2.3 1.3 18.3 14.0 18.3 13.7 0.40
★★★★ Edelweiss Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 81.1 1100 2.2 0.7 15.1 14.8 16.4 12.9 0.34 - LIC MF Healthcare . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.1 84 2.4 1.2 41.7 17.6 23.3 - 0.68
★★ DSP Focus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 52.6 2523 2.0 1.0 20.8 16.0 15.2 12.5 0.30
★★★★ Kotak Bluechip . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 550.4 9498 1.8 0.6 17.5 14.2 16.7 13.1 0.35 - Mirae Asset Healthcare . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 39.0 2743 1.9 0.5 38.2 19.1 29.1 - 0.82
★★ Motilal Oswal Focused . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 44.8 1865 2.1 0.9 13.8 11.9 12.9 11.7 0.28
★★★★ Nippon Ind Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 86.6 35313 1.6 0.7 19.7 21.1 19.3 14.2 0.38 - Nippon Ind Pharma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 520.1 8638 1.8 0.9 33.7 19.9 27.9 15.5 0.78
★ Axis Focused . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 53.3 13289 1.7 0.8 15.9 5.5 11.4 12.3 0.23
★★★ Aditya Birla SL Frontline Equity . . . . . . . . . .. . . . . . 503.5 29323 1.7 1.0 16.8 14.6 16.6 12.5 0.34 - SBI Healthcare Opport . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 431.5 3460 2.0 0.9 41.2 23.7 29.5 14.1 0.80
★ Bandhan Focused Equity . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 89.2 1793 2.1 0.8 31.2 18.3 18.2 12.8 0.37
★★★ Bandhan Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 74.5 1760 2.1 0.9 19.5 14.5 16.9 12.1 0.36 - Tata India Pharma & Healthcare . . . . . . . . .. . . . . . . . 31.3 1214 2.1 0.7 40.0 22.0 27.8 - 0.81
- Baroda BNP Paribas Focused . . . . . . . . . . . . . .. . . . . . . . 21.9 689 2.3 0.4 17.7 15.4 16.2 - 0.35
★★★ HDFC Top 100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1097.9 36587 1.6 1.0 12.7 17.8 16.9 12.4 0.34 - UTI Healthcare . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 291.2 1203 2.2 1.3 43.0 21.4 28.0 13.4 0.80
- LIC MF Focused . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.7 143 2.5 1.6 14.2 11.0 15.0 - 0.33
★★★ HSBC Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 473.7 1946 2.1 1.2 19.0 14.6 15.7 12.5 0.33
HYBRID - AGGRESSIVE HYBRID FUNDS
★★★ Invesco India Largecap . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 67.4 1317 2.1 0.8 20.9 14.9 17.5 13.2 0.36 EQUITY - VALUE FUNDS
★★★ Mirae Asset Large Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 107.5 39555 1.5 0.6 13.5 11.6 14.6 13.4 0.30 ★★★★★ BOI AXA Mid & Small Cap Eq&Debt. . . . .. . . . . . . . 38.9 1054 2.1 0.8 26.2 18.0 26.6 - 0.59
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1845247
★★★ SBI Blue Chip . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 88.3 50502 1.5 0.8 13.8 13.9 16.2 13.1 0.34 ★★★★★ ICICI Pru Value Discovery . . . . . . . . . . . . . . . . . . . . . .. . . . . . 440.4 48988 1.5 1.0 21.1 22.9 25.4 15.4 0.57
★★★★★ Quant Absolute . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 397.1 2199 2.0 0.7 11.8 13.3 23.1 15.0 0.55
★★★ Tata Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 484.3 2436 2.0 1.0 14.0 14.0 15.8 12.0 0.32 ★★★★★ JM Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 101.0 1073 2.2 1.0 26.1 25.7 24.6 17.7 0.48
★★★★ Baroda BNP Pari Aggressive Hybrid . .. . . . . . . . 27.5 1180 2.1 0.5 19.8 15.2 16.1 - 0.41
★★★ UTI Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 262.6 12860 1.7 0.9 12.3 10.5 15.2 11.8 0.32 ★★★★ Bandhan Sterling Value . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 145.6 10054 1.8 0.7 18.9 18.3 25.1 15.3 0.43
★★★★ ICICI Pru Equity & Debt . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 364.5 40089 1.6 1.0 18.2 19.7 21.1 15.2 0.50
★★ Axis Bluechip . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 58.7 33547 1.6 0.7 15.0 8.7 12.7 11.9 0.28 ★★★★ Nippon Ind Value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 223.0 8536 1.9 1.2 24.2 23.0 24.2 16.1 0.47
★★★★ JM Aggressive Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 124.3 720 2.3 0.7 27.9 23.2 24.1 13.0 0.60
★★ Franklin Ind Bluechip . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 986.5 7847 1.8 1.1 17.4 12.2 15.9 11.4 0.32 ★★★ HSBC Value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 107.8 13675 1.7 0.8 26.8 23.5 24.3 17.1 0.45
★★★★ Kotak Equity Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 61.1 6815 1.8 0.5 22.5 16.0 17.9 13.1 0.41
★★ LIC MF Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 54.5 1474 2.1 1.0 15.4 10.4 13.1 10.7 0.29 ★★★ Tata Equity P/E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 348.8 8640 1.8 0.8 22.2 21.3 20.2 15.1 0.42
★★★ Canara Robeco Equity Hybrid . . . . . . . . . . . . .. . . . . . 346.7 10905 1.7 0.6 15.9 12.5 15.5 12.6 0.42
★★ Union Largecap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 23.1 438 2.5 1.6 13.3 11.8 15.1 - 0.31 ★★★ Templeton India Value . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 696.7 2199 2.1 0.9 16.9 21.8 23.6 14.3 0.44
★★★ DSP Aggressive Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 342.1 10379 1.8 0.7 18.9 13.5 15.8 12.8 0.38
★ DSP Top 100 Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 451.5 4530 1.9 1.1 22.2 16.6 14.7 11.3 0.28 ★★★ UTI Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 163.9 10159 1.8 1.1 24.9 18.5 20.4 13.2 0.42
★★★ Franklin Ind Equity Hybrid . . . . . . . . . . . . . . . . . . . .. . . . . . 264.9 2050 2.1 1.0 18.3 15.2 16.2 12.1 0.40
★ Groww Largecap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 41.5 127 2.4 1.0 13.6 13.5 12.7 11.5 0.26 ★★ HDFC Capital Builder Value . . . . . . . . . . . . . . . . . .. . . . . . 713.0 7384 1.8 1.0 21.8 18.3 20.1 14.0 0.38
★★★ HDFC Hybrid Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 114.2 24185 1.7 1.0 13.3 13.6 15.5 10.3 0.37
★ PGIM India Large Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 327.2 594 2.4 0.9 10.3 10.8 12.7 10.6 0.26 ★★ Quantum Long Term Equity Value . . . . .. . . . . . 124.0 1189 2.0 1.1 23.1 18.8 18.2 12.6 0.38
★★★ Mirae Asset Aggressive Hybrid . . . . . . . . . . . . .. . . . . . . . 30.7 9054 1.7 0.4 14.5 12.1 14.3 - 0.36
- Mahi Manu Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 22.0 595 2.3 0.7 14.4 12.6 15.3 - 0.32 ★ Aditya Birla SL Pure Value . . . . . . . . . . . . . . . . . . . . .. . . . . . 126.9 6378 1.9 1.0 20.0 21.5 22.4 12.9 0.42
★★★ SBI Equity Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 277.5 72428 1.4 0.7 15.2 11.4 13.7 12.1 0.34
- Taurus Large Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 155.0 50 2.6 2.5 19.1 16.0 14.7 10.2 0.30 - Groww Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.6 47 2.3 0.9 12.4 15.0 16.7 - 0.35
★★★ Sundaram Aggressive Hybrid . . . . . . . . . . . . . .. . . . . . 158.0 5469 1.8 0.7 17.4 12.6 15.4 12.4 0.39
- LIC MF Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 26.5 143 2.5 1.6 30.3 19.6 20.6 - 0.41
★★★ UTI Aggressive Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 395.9 6107 1.9 1.2 20.9 17.3 18.7 12.4 0.44
EQUITY - LARGE & MID CAP FUNDS - Union Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 27.4 300 2.5 1.3 17.4 18.5 20.4 - 0.43
★★ Aditya Birla SL Equity Hybrid '95 . . . . . . . .. . . 1469.1 7684 1.9 1.1 16.2 11.9 13.8 10.6 0.31
★★★★★ HDFC Large and Mid Cap . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 329.6 23989 1.7 0.9 20.6 21.9 23.1 14.1 0.44 EQUITY - TAX SAVING (ELSS) FUNDS ★★ Bandhan Hybrid Equity . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.1 810 2.3 1.0 21.6 13.8 16.5 - 0.37
★★★★★ Quant Large & Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 115.8 3693 1.9 0.6 18.9 20.9 25.1 18.3 0.53 ★★ HSBC Aggressive Hybrid . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 55.7 5720 1.9 0.8 23.0 14.2 15.3 12.1 0.36
★★★★ Bandhan Core Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 130.4 7293 1.8 0.6 30.2 24.2 23.2 16.0 0.44 ★★★★★ Bank of India ELSS Tax Saver . . . . . . . . . . . . . . .. . . . . . 168.9 1453 2.0 0.8 23.5 18.8 24.8 16.8 0.54 ★★ Tata Hybrid Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 428.0 4150 1.9 1.0 13.9 13.0 14.2 10.6 0.35
★★★★ ICICI Pru Large & Mid Cap . . . . . . . . . . . . . . . . . . . . . .. . . . . . 925.1 17694 1.7 0.8 21.9 21.5 22.7 14.8 0.45 ★★★★★ Quant ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 352.0 10799 1.7 0.6 10.8 17.2 30.1 20.5 0.56 ★ LIC MF Aggressive Hybrid . . . . . . . . . . . . . . . . . . . . . .. . . . . . 191.2 536 2.5 1.4 17.7 11.6 11.6 8.5 0.28
★★★★ Kotak Equity Opport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 333.0 25648 1.6 0.5 25.0 20.3 21.1 15.7 0.43 ★★★★★ SBI Long Term Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 426.6 27847 1.6 0.9 29.5 24.9 24.3 15.0 0.49 ★ Nippon Ind Equity Hybrid . . . . . . . . . . . . . . . . . . . . .. . . . . . 101.4 3850 2.0 1.2 17.0 15.9 13.2 10.5 0.24
★★★★ Mirae Asset Large & Midcap . . . . . . . . . . . . . . . . . .. . . . . . 145.5 38680 1.5 0.6 17.3 14.8 20.3 18.2 0.42 ★★★★ Bandhan ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 147.6 6894 1.8 0.7 14.2 15.7 21.8 15.3 0.40 - Axis Aggressive Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.8 1616 2.1 1.1 15.5 8.1 11.9 - 0.28
★★★ Canara Robeco Emerging Equities . . . .. . . . . . 254.0 24629 1.6 0.6 27.0 16.1 21.2 16.7 0.43 ★★★★ Canara Robeco ELSS Tax Saver . . . . . . . . . . .. . . . . . 171.3 8817 1.7 0.6 18.4 14.0 20.0 14.4 0.44 - Edelweiss Aggressive Hybrid . . . . . . . . . . . . . . .. . . . . . . . 61.4 2267 2.0 0.4 20.5 17.3 17.8 12.6 0.43
★★★ DSP Equity Opport. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 600.2 14023 1.7 0.7 25.1 20.2 20.7 15.8 0.42 ★★★★ DSP ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 135.2 16835 1.6 0.7 25.5 19.7 21.2 16.1 0.42 - Groww Aggressive Hybrid . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.3 46 2.3 0.9 12.8 11.9 12.7 - 0.31
★★★ Edelweiss Large & Mid Cap . . . . . . . . . . . . . . . . . . .. . . . . . . . 86.6 3745 1.9 0.4 25.0 18.4 21.1 15.0 0.44 ★★★★ JM ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 49.0 183 2.4 1.3 29.3 20.2 21.5 16.0 0.43 - Invesco India Aggressive Hybrid . . . . . . . . .. . . . . . . . 22.8 574 2.4 0.8 26.7 16.4 15.4 - 0.36
★★★ Invesco India Large & Mid Cap . . . . . . . . . . . . .. . . . . . . . 96.5 6340 1.8 0.7 38.7 22.8 21.5 16.1 0.43 ★★★★ Mirae Asset ELSS Tax Saver . . . . . . . . . . . . . . . . . . .. . . . . . . . 47.0 25315 1.6 0.6 19.0 15.2 19.8 - 0.40 - Navi Aggressive Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.9 135 2.3 0.4 14.0 12.4 12.3 - 0.28
★★★ LIC MF Large & Midcap. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 39.1 3126 1.9 0.6 28.9 17.4 19.2 - 0.40 ★★★★ Motilal Oswal ELSS Tax Saver . . . . . . . . . . . . . .. . . . . . . . 55.6 4187 1.8 0.7 48.5 28.1 24.1 - 0.45 - PGIM India Hybrid Equity . . . . . . . . . . . . . . . . . . . . . .. . . . . . 126.9 212 2.3 0.8 15.6 9.7 12.0 8.9 0.26
★★★ SBI Large & Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 590.0 29329 1.6 0.7 18.8 17.9 20.9 15.4 0.41 ★★★ Baroda BNP Paribas ELSS Tax Saver .. . . . . . . . 95.4 952 2.2 1.0 24.7 17.4 18.2 13.3 0.39 - Shriram Aggressive Hybrid . . . . . . . . . . . . . . . . . . .. . . . . . . . 31.6 49 2.3 0.8 13.3 12.0 12.3 9.5 0.31
★★★ Tata Large & Mid Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 515.5 8342 1.8 0.6 16.8 17.4 18.5 13.9 0.39 ★★★ Franklin Ind ELSS Tax Saver. . . . . . . . . . . . . . . . . .. . . 1467.2 6890 1.8 1.0 23.3 19.9 20.5 14.0 0.39
HYBRID - BALANCED ADVANTAGE FUNDS
★★★ UTI Large & Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 175.9 4048 2.0 1.1 29.0 22.2 23.3 14.3 0.45 ★★★ HDFC ELSS Tax saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1328.6 15945 1.7 1.1 22.3 22.3 20.7 12.9 0.40
★★ BOI Large & Mid Cap Equity . . . . . . . . . . . . . . . . . .. . . . . . . . 86.8 374 2.3 1.2 18.2 16.6 19.4 12.3 0.41 ★★★ ICICI Pru Long Term Equity . . . . . . . . . . . . . . . . . . .. . . . . . 880.3 14210 1.7 1.1 17.5 14.6 17.5 13.0 0.36
★★★★★ Edelweiss Balanced Advantage . . . . . . . . . .. . . . . . . . 49.3 12381 1.7 0.5 13.7 11.5 14.8 10.9 0.56
★★ Navi Large & Midcap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 35.3 319 2.3 0.3 16.4 13.5 17.4 - 0.33 ★★★ Invesco India ELSS Tax Saver . . . . . . . . . . . . . . .. . . . . . 128.1 2954 1.9 0.8 25.7 15.5 18.9 14.6 0.38
★★★★★ ICICI Pru Balanced Advantage . . . . . . . . . . . . .. . . . . . . . 69.4 60534 1.5 0.9 12.8 12.6 12.7 11.0 0.32
★★ Nippon Ind Vision. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1427.3 5546 2.0 1.5 27.1 20.9 21.2 12.9 0.42 ★★★ Kotak ELSS Tax Saver. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 115.3 6232 1.8 0.6 22.6 17.8 19.7 14.7 0.39
★★★★ Aditya Birla SL Bal Advantage . . . . . . . . . . . . . .. . . . . . 100.1 7400 1.8 0.7 13.7 11.5 12.4 10.6 0.34
★★ Sundaram Large and Mid Cap . . . . . . . . . . . . .. . . . . . . . 85.2 6918 1.8 0.7 21.7 15.6 18.2 14.7 0.35 ★★★ Mahi Manu ELSS Tax Saver. . . . . . . . . . . . . . . . . . . .. . . . . . . . 27.3 931 2.2 0.6 13.6 13.9 18.1 - 0.38
★★★★ HSBC Balanced Advantage . . . . . . . . . . . . . . . . . . .. . . . . . . . 42.9 1523 2.1 0.8 15.4 11.7 11.0 8.5 0.39
★ Aditya Birla SL Equity Advantage . . . . . . .. . . . . . 884.7 5870 1.9 1.1 16.7 9.4 15.8 12.5 0.29 ★★★ PGIM India ELSS Tax Saver . . . . . . . . . . . . . . . . . . . .. . . . . . . . 34.5 770 2.3 0.7 16.7 14.0 18.7 - 0.38
★★★ Bandhan Balanced Advantage . . . . . . . . . . . .. . . . . . . . 23.8 2283 2.0 0.7 15.4 9.3 11.0 8.7 0.28
★ Franklin Ind Equity Advantage . . . . . . . . . . . .. . . . . . 182.7 3545 2.0 1.3 20.3 14.4 18.0 12.1 0.34 ★★★ Union ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 63.7 935 2.3 1.3 17.7 15.2 19.8 12.3 0.42
★★★ DSP Dynamic Asset Allocation . . . . . . . . . . . .. . . . . . . . 26.3 3201 1.9 0.7 13.2 9.9 10.2 8.8 0.32
- Axis Growth Opport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 32.1 14007 1.7 0.6 26.4 15.5 21.9 - 0.46 ★★★ UTI ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 202.7 3872 1.9 0.9 15.8 11.9 17.1 12.5 0.35
★★★ Invesco India Balanced Advantage . . . .. . . . . . . . 53.4 926 2.2 0.8 16.6 13.7 12.0 10.1 0.30
- HSBC Large & Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.2 3979 1.9 0.9 38.4 20.9 21.8 - 0.43 ★★ Edelweiss Long Term Equity . . . . . . . . . . . . . . . .. . . . . . 109.0 398 2.3 0.7 20.7 15.6 17.5 12.8 0.35
★★★ Sundaram Balanced Advantage . . . . . . . . .. . . . . . . . 34.3 1540 2.1 0.6 13.0 11.1 10.6 7.9 0.43
★★ HSBC ELSS Tax saver. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 135.4 4303 1.9 1.1 33.3 19.1 19.5 14.3 0.37
★★ Bank of India Balanced Advantage . . . .. . . . . . . . 24.1 136 2.3 1.2 7.3 13.9 10.8 7.4 0.37
EQUITY - FLEXI CAP FUNDS ★★ LIC MF ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 154.0 1147 2.1 1.0 23.5 16.0 16.0 12.5 0.32
★★ Motilal Oswal Balanced Advantage . . .. . . . . . . . 20.7 1145 2.2 1.0 9.7 10.7 9.3 - 0.26
★★ Quantum ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . .. . . . . . 123.0 215 2.0 0.9 22.7 18.9 18.3 12.5 0.38
★★★★★ JM Flexicap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 104.0 5012 1.8 0.5 34.1 27.0 24.2 17.4 0.51 ★ UTI-Unit Linked Insurance . . . . . . . . . . . . . . . . . . . .. . . . . . . . 40.3 5463 1.6 1.0 11.7 7.2 9.7 8.2 0.30
★★ Sundaram ELSS Tax Saver . . . . . . . . . . . . . . . . . . . .. . . . . . 491.4 1356 2.2 1.7 16.5 15.3 18.7 13.8 0.39
★★★★★ Parag Parikh Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 80.6 84641 1.3 0.6 24.4 16.9 24.8 17.6 0.55 - Axis Balanced Advantage . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.3 2599 2.0 0.8 18.1 12.4 12.3 - 0.44
★★ Tata ELSS Tax Saver. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 44.2 4663 1.8 0.7 20.2 17.1 17.9 15.2 0.36
★★★★ Franklin Ind Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1614.4 17808 1.7 0.9 22.6 19.5 22.2 14.7 0.44 - Baroda BNP Pari Balanced Adv . . . . . . . . . . .. . . . . . . . 23.5 4213 1.9 0.7 15.5 13.1 16.0 - 0.52
★ Aditya Birla SL ELSS Tax Saver . . . . . . . . . . . . .. . . . . . . . 57.3 15746 1.7 1.0 18.2 11.6 12.2 11.3 0.26
★★★★ HDFC Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1866.7 66304 1.4 0.8 24.3 24.8 22.5 15.0 0.43 - HDFC Balanced Advantage . . . . . . . . . . . . . . . . . . .. . . . . . 499.7 95570 1.4 0.8 17.4 22.5 19.9 14.4 0.45
★ Axis ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 93.4 36373 1.5 0.8 18.6 8.9 13.5 12.7 0.28
★★★★ PGIM India Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 35.3 6354 1.8 0.4 16.4 10.0 20.5 - 0.42 - Kotak Balanced Advantage . . . . . . . . . . . . . . . . . .. . . . . . . . 19.9 16959 1.7 0.5 15.0 11.6 12.1 - 0.32
★ Nippon Ind ELSS Tax Saver . . . . . . . . . . . . . . . . . . .. . . . . . 123.6 15666 1.7 1.0 19.2 18.1 17.4 10.4 0.34
★★★★ Union Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 50.5 2269 2.0 0.9 17.4 14.4 19.4 12.3 0.40 - Nippon Ind Balanced Advantage . . . . . . . .. . . . . . 169.5 8850 1.8 0.6 13.8 12.1 12.4 10.3 0.36
- Groww ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.4 50 2.3 0.6 19.0 15.8 14.9 - 0.32
★★★ Aditya Birla SL Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . .. . . 1708.1 22440 1.7 0.9 19.5 14.8 17.4 14.1 0.34 - Tata Balanced Advantage . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.9 10258 1.7 0.4 11.2 11.4 12.9 - 0.44
- HSBC Tax Saver Equity . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 95.4 260 2.5 1.6 33.6 19.4 20.0 13.9 0.39
★★★ Canara Robeco Flexi Cap . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 327.2 12908 1.7 0.6 18.8 13.3 18.2 13.6 0.40 - Union Balanced Advantage . . . . . . . . . . . . . . . . . .. . . . . . . . 19.6 1457 2.1 1.0 10.7 9.5 11.7 - 0.35
- Navi ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.5 62 2.3 0.4 12.5 11.5 13.7 - 0.27
★★★ DSP Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 100.6 11765 1.7 0.7 19.9 15.2 18.6 14.1 0.38
- Shriram ELSS Tax Saver . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 22.6 54 2.3 0.7 16.7 14.3 15.0 - 0.34
★★★ Edelweiss Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 37.9 2446 2.0 0.4 26.1 18.4 20.1 - 0.41 bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) Tracking
- Sundaram Diversified Equity . . . . . . . . . . . . . . .. . . . . . 213.5 1558 2.2 1.6 12.8 13.6 15.7 11.9 0.30 NAV Corpus
★★★ HSBC Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 218.8 5048 1.9 1.2 29.2 18.2 19.9 13.4 0.39 Regular Direct 1 Year 3 Year 5 Year 10 Year Error
- Taurus ELSS Tax Saver. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 184.9 81 2.5 1.9 22.1 19.3 17.7 13.8 0.37 (₹) (₹ Cr) CAGR CAGR CAGR CAGR (%)
★★★ Kotak Flexicap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 80.0 51276 1.5 0.6 17.8 15.8 16.3 13.9 0.33
★★ Bandhan Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 198.1 7291 1.9 1.2 16.0 12.9 15.4 11.5 0.31 EQUITY - CONTRA FUNDS
★★ LIC MF Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 100.5
★★ SBI Flexicap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 107.6 22206
1075 2.3
1.7
1.4
0.8
20.5
15.4
15.0
13.0
14.5
16.0 13.6
9.6 0.32
0.33 - Invesco India Contra . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 134.7 18019 1.6 0.5 31.4 21.1 22.3 16.5 0.45
PASSIVE FUNDS
★★ UTI Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 318.4 26298 1.7 1.0 15.3 7.0 15.9 12.5 0.33 - Kotak India EQ Contra . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 146.5 4034 1.9 0.6 23.7 21.8 21.5 15.6 0.43
★ Motilal Oswal Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 63.4 12598 1.7 0.9 43.8 23.2 18.4 15.5 0.36 - SBI Contra . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 376.1 41907 1.5 0.6 20.1 23.5 29.4 16.1 0.60 PASSIVE FUNDS - TRACKING NIFTY 50 INDEX
★ Taurus Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 228.9 371 2.6 2.6 18.6 16.7 15.1 10.0 0.30
EQUITY - DIVIDEND YIELD FUNDS - HDFC Nifty 50 Indx Fund . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 224.3 18412 0.4 0.2 10.7 12.5 14.9 12.1 0.06
- Axis Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 26.3 12855 1.7 0.7 23.8 11.2 15.4 - 0.35
- Nippon Ind ETF Nifty 50 BeES . . . . . . . . . . . . . .. . . . . . 265.9 36146 0.0 - 11.2 13.0 15.4 12.4 0.04
- Navi Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 22.6 266 2.3 0.4 12.3 12.3 14.9 - 0.30 ★★★★★ Templeton India Equity Income. . . . . . . . . .. . . . . . 138.0 2399 2.1 1.2 21.8 19.7 24.5 15.4 0.53
- SBI Nifty 50 ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 251.4 199596 0.0 - 11.1 12.9 15.4 - 0.04
- Quant Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 95.7 7331 1.8 0.6 17.2 19.3 30.9 18.5 0.61 ★★★★ ICICI Pru Dividend Yield Equity. . . . . . . . . . . .. . . . . . . . 49.2 4783 1.9 0.6 21.9 23.5 25.4 14.7 0.53
- UTI Nifty ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 258.8 59667 0.1 - 11.1 12.9 15.4 - 0.04
- Shriram Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 21.8 141 2.3 0.7 15.7 14.9 14.9 - 0.33 ★★★ Aditya Birla SL Dividend Yield . . . . . . . . . . . . . .. . . . . . 451.4 1537 2.2 1.4 19.2 21.3 22.6 12.4 0.48
- UTI Nifty 50 Indx Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 162.4 20083 0.3 0.2 10.8 12.6 15.1 12.2 0.06
- Tata Flexi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 22.6 2976 1.9 0.7 13.2 12.3 14.9 - 0.33 ★★ UTI Dividend Yield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 173.7 4203 2.0 1.4 26.2 17.7 21.4 13.7 0.48
★ Sundaram Dividend Yield . . . . . . . . . . . . . . . . . . . . .. . . . . . 135.8 941 2.3 1.0 16.9 16.9 20.1 14.3 0.46 PASSIVE FUNDS - TRACKING BSE SENSEX INDEX
EQUITY - MULTI CAP FUNDS
- LIC MF Dividend Yield . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.4 464 2.5 1.2 33.2 21.0 22.9 - 0.50
- HDFC BSE Sensex Indx Fund . . . . . . . . . . . . . . . .. . . . . . 724.3 7813 0.4 0.2 10.1 12.0 14.4 12.1 0.06
- Baroda BNP Paribas Multi Cap . . . . . . . . . . . .. . . . . . 296.4 2791 2.0 0.9 32.2 19.6 24.0 14.7 0.49
EQUITY - THEMATIC - CONSUMPTION FUNDS - SBI BSE Sensex ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 860.8 120614 0.0 - 10.4 12.4 14.9 12.6 0.04
- ICICI Pru Multicap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 765.4 14193 1.7 0.9 22.1 20.4 20.6 14.8 0.40
- UTI Sensex ETF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 855.5 45792 0.1 - 10.4 12.4 14.9 - 0.04
- Invesco India Multicap . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 135.9 3897 1.9 0.7 30.3 19.6 22.9 15.3 0.44 ★★★★★ Canara Robeco Consumer Trends. . . . . .. . . . . . 107.4 1747 2.1 0.8 21.4 18.0 20.2 16.0 0.43
- Mahi Manu Multi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 34.8 4858 1.8 0.5 24.0 19.8 24.1 - 0.48 ★★★★ Mirae Asset Great Consumer . . . . . . . . . . . . . . . .. . . . . . . . 91.9 4156 1.8 0.4 18.3 19.6 19.7 16.0 0.40 PASSIVE FUNDS - TRACKING NIFTY NEXT 50 INDEX
- Nippon Ind Multi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 289.3 39001 1.6 0.7 27.1 26.5 24.2 14.8 0.43 ★★★★ SBI Consumption Opport . . . . . . . . . . . . . . . . . . . . . .. . . . . . 325.7 3074 2.0 0.9 23.6 22.6 22.8 16.4 0.45
- Quant Active . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 636.6 10614 1.7 0.6 12.6 15.9 27.8 18.6 0.52 ★★★ Aditya Birla SL India GenNext . . . . . . . . . . . . . .. . . . . . 210.3 5892 1.9 0.8 18.9 16.4 18.0 15.5 0.37 - ICICI Pru Nifty Next 50 Indx Fund . . . . . . . .. . . . . . . . 60.3 7010 0.7 0.3 30.0 18.1 19.0 14.2 0.07
- Sundaram Multi Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 373.2 2761 2.0 0.9 20.5 16.4 20.9 15.1 0.41 ★★★ Tata India Consumer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 45.9 2414 2.0 0.7 26.8 20.8 21.5 - 0.48 - Nippon Ind ETF Junior BeES . . . . . . . . . . . . . . . .. . . . . . 731.2 5586 0.2 - 30.6 18.8 19.8 14.9 0.05
★★ ICICI Pru FMCG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 473.9 1729 2.2 1.3 2.0 13.9 13.9 12.1 0.33 - UTI Nifty Next 50 Indx Fund . . . . . . . . . . . . . . . . . .. . . . . . . . 24.4 4873 0.8 0.4 29.8 18.0 19.1 - 0.07
EQUITY - MID CAP FUNDS
★★ UTI India Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 57.3 715 2.4 1.5 21.9 14.0 16.0 11.4 0.36
PASSIVE FUNDS - TRACKING BANKING INDEX
★★★★★ Motilal Oswal Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 111.2 22898 1.6 0.5 54.8 35.3 33.0 20.5 0.58 ★ Sundaram Consumption. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 97.6 1586 2.2 1.3 21.1 20.3 18.2 14.8 0.36
★★★★★ PGIM India Midcap Opport. . . . . . . . . . . . . . . . . . . .. . . . . . . . 63.8 11093 1.7 0.5 21.2 14.0 28.6 16.3 0.57 - Baroda BNP Pari India Consumption. . . . . . . . 31.8 1466 2.1 0.6 23.4 18.9 19.8 - 0.44 - ICICI Pru Nifty Private Bank ETF . . . . . . . . . .. . . . . . . . 25.0 3126 0.2 - 1.0 12.5 6.9 - 0.05
★★★★★ Quant Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 218.9 8941 1.7 0.6 19.7 23.5 31.7 18.1 0.62 - Mahi Manu Consumption . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 22.7 423 2.4 0.6 22.9 19.3 17.5 - 0.37 - Nippon Ind ETF Nifty Bank BeES. . . . . . . . .. . . . . . 526.5 7484 0.2 - 7.0 14.3 9.7 11.0 0.05
★★★★ Edelweiss Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 100.4 8280 1.7 0.4 39.0 25.9 30.1 19.1 0.57 - Nippon Ind Consumption . . . . . . . . . . . . . . . . . . . . .. . . . . . 193.1 2188 2.0 0.6 19.9 20.4 23.1 13.8 0.51 - Nippon Ind ETF Nifty PSU Bank BeES. . . . . . . . 73.1 2725 0.5 - 15.7 38.9 20.9 4.7 0.06
★★★★ HDFC Mid-Cap Opport . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 189.3 76061 1.4 0.8 29.2 28.5 28.7 18.3 0.55
EQUITY - THEMATIC - INFRASTRUCTURE FUNDS PASSIVE FUNDS - TRACKING MIDCAP INDEX
★★★★ Kotak Emerging Equity . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 134.0 52049 1.4 0.4 34.3 23.6 27.2 18.8 0.51
★★★★ Nippon Ind Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4059.9 34584 1.6 0.8 28.0 26.5 28.9 18.5 0.55 ★★★★★ Invesco India Infrastructure . . . . . . . . . . . . . . . . .. . . . . . . . 65.2 1609 2.1 0.7 35.6 28.2 30.2 17.4 0.58 - ICICI Pru Midcap Select ETF . . . . . . . . . . . . . . . . . .. . . . . . . . 18.3 80 0.2 - 32.2 21.7 22.8 - 0.65
★★★ Axis Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 111.6 30330 1.6 0.5 30.4 17.8 22.9 16.5 0.51 ★★★★★ Quant Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 39.1 3585 1.9 0.7 24.8 23.4 34.9 19.0 0.56 - Motilal Oswal Nifty Midcap 100 ETF . . .. . . . . . . . 61.0 543 0.2 - 25.7 24.9 27.9 16.9 0.05
★★★ Baroda BNP Paribas Mid Cap . . . . . . . . . . . . . . .. . . . . . 101.9 2145 2.0 0.5 29.4 22.0 25.5 16.7 0.51 ★★★★ BOI AXA Manufacturing & Infra . . . . . . . . . . . .. . . . . . . . 55.7 539 2.3 0.8 27.8 25.0 30.1 16.8 0.62 - Nippon Ind ETF Nifty Midcap 150 . . . . . . .. . . . . . 216.3 1875 0.2 - 25.3 23.7 28.0 - 0.05
★★★ ICICI Pru Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 285.4 6369 1.9 1.1 29.2 21.5 24.7 15.7 0.46 ★★★★ ICICI Pru Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 186.5 6990 1.9 1.2 29.2 34.6 30.2 16.6 0.54
★★★ Invesco India Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 172.6 5863 1.8 0.6 44.3 25.6 28.1 18.4 0.56 ★★★★ Tata Infrastructure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 179.3 2404 2.1 1.1 24.4 25.3 27.0 15.8 0.54 PASSIVE FUNDS - TRACKING SMALLCAP INDEX
★★★ SBI Magnum Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 233.5 21455 1.7 0.8 20.4 19.3 26.9 16.1 0.51 ★★★ Bandhan Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 51.7 1798 2.1 0.8 40.8 29.2 30.3 16.7 0.51
★★★ Tata Mid Cap Growth. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 423.5 4494 1.9 0.7 23.0 20.7 24.6 16.5 0.49 - ABSL Nifty Small 50 Indx . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 21.4 239 1.0 0.5 26.7 19.3 - - 0.09
★★★ Canara Robeco Infrastructure . . . . . . . . . . . . .. . . . . . 157.9 867 2.3 1.0 36.3 28.6 28.9 16.4 0.55
★★★ Taurus Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 118.9 130 2.6 2.1 11.8 18.8 22.3 15.7 0.47 - Nippon Ind Nif Small250 Indx . . . . . . . . . . . . . .. . . . . . . . 34.2 1962 0.9 0.4 26.6 22.2 - - 0.08
★★★ DSP India T.I.G.E.R. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 323.4 5515 1.9 0.8 34.1 32.0 28.6 17.2 0.51
★★★ UTI Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 303.3 12029 1.8 0.9 24.0 17.8 24.8 15.2 0.50 ★★★ Franklin Build India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 138.8 2848 2.0 0.9 29.0 29.8 27.2 17.6 0.49 SMART BETA FUNDS
★★ DSP Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 146.0 19216 1.7 0.8 23.6 18.0 20.6 15.6 0.43 ★★★ Kotak Infra & Economic Reform . . . . . . . . . .. . . . . . . . 67.9 2395 2.0 0.6 34.3 28.8 28.0 16.4 0.51
★★ Franklin Ind Prima . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2753.2 12441 1.8 1.0 33.0 23.3 23.5 16.1 0.45 ★★★ LIC MF Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 51.6 852 2.3 1.1 49.7 33.3 27.7 15.9 0.51 - ICICI Pru Nifty 100 Low Vol 30 ETF . . . . . .. . . . . . . . 21.0 3419 0.4 - 13.6 15.1 17.9 - 0.03
★★ HSBC Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 405.4 11912 1.7 0.7 39.9 26.1 25.1 17.6 0.49 ★★★ SBI Infrastructure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 49.5 5006 1.9 0.9 21.1 26.2 25.8 16.5 0.49 - ICICI Pru Alpha Low Vol 30 ETF . . . . . . . . . . . .. . . . . . . . 28.2 1667 0.4 - 19.3 17.3 - - 0.04
★★ Sundaram Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1371.6 12425 1.7 0.9 32.8 25.4 24.4 16.1 0.45 ★★ Aditya Birla SL Infrastructure . . . . . . . . . . . . . . .. . . . . . . . 94.2 1188 2.3 1.3 24.8 25.7 26.3 13.9 0.46 - Nippon Ind ETF Nifty 50 Value 20 . . . . . . . .. . . . . . 155.7 222 0.3 - 18.5 16.3 21.5 - 0.04
★ Aditya Birla SL Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 769.8 5930 1.9 1.1 23.8 18.1 23.0 14.6 0.44 ★★ HSBC Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 48.3 2585 2.0 1.0 29.3 26.6 26.1 17.1 0.46 - SBI Nifty 200 Quality 30 ETF. . . . . . . . . . . . . . . . . .. . . . . . 221.9 132 0.5 - 14.9 13.0 17.3 - 0.04
★ LIC MF Midcap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 29.6 319 2.5 1.6 30.0 19.8 23.4 - 0.43 ★★ Sundaram Infra Advantage. . . . . . . . . . . . . . . . . . .. . . . . . . . 93.2 989 2.4 1.8 25.1 22.3 24.4 14.5 0.43 - UTI Nif200 Momentum 30 Indx Fund .. . . . . . . . 22.6 8334 0.9 0.4 22.6 17.8 - - 0.08
- Mahi Manu Mid Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 33.2 3461 1.9 0.5 30.5 24.9 27.6 - 0.57 ★ HDFC Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 46.7 2496 2.1 1.1 23.7 32.8 24.9 11.3 0.42
PASSIVE FUNDS - GOLD ETF AND SILVER ETF
★ UTI Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 137.7 2252 2.2 1.8 19.7 22.0 20.9 12.7 0.39
EQUITY - SMALL CAP FUNDS
- Taurus Infrastructure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 67.4 10 2.5 2.0 19.3 21.4 22.6 14.4 0.46
- HDFC Gold ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 66.3 6429 0.6 - 20.2 16.0 13.6 10.0 -
★★★★★ Nippon Ind Small Cap. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 174.6 61646 1.4 0.7 26.7 27.3 35.3 22.2 0.61 - ICICI Pru Silver ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 88.9 4035 0.4 - 17.9 - - - -
EQUITY - THEMATIC - MNC FUNDS
★★★★★ Quant Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 258.6 27161 1.6 0.6 23.1 26.1 45.5 20.3 0.75 - Nippon Ind ETF Gold BeES . . . . . . . . . . . . . . . . . . . .. . . . . . . . 64.1 15186 0.8 - 19.7 15.4 13.3 9.9 -
★★★★ AXIS Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 106.6 24353 1.6 0.6 25.2 20.7 27.1 19.3 0.53 - Aditya Birla SL MNC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1336.6 3889 2.0 1.3 17.7 11.6 11.3 10.5 0.26 - Nippon Ind Silver ETF . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 85.6 5214 0.6 - 17.6 - - - -
★★★★ Kotak Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 276.0 17732 1.6 0.5 26.6 19.1 30.7 18.9 0.55 - SBI Magnum Global . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 373.8 6635 1.9 1.2 8.8 8.7 16.1 11.8 0.40 - SBI Gold ETF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 66.0 5908 0.7 - 19.8 15.7 13.5 9.9 -
★★★ DSP Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 201.3 16307 1.7 0.8 26.5 22.3 30.7 18.8 0.56 - UTI MNC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 389.1 2981 2.0 1.2 17.9 13.0 14.6 11.4 0.36
★★★ HSBC Small Cap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 88.6 17237 1.7 0.7 29.3 24.8 31.3 20.6 0.53 Source : ACE MF. NAV for the growth option as on 27-12-2024. Returns for regular plans considered.

CM
YK ... . . . . . . BM-BME
 Star Track MF Ratings . bl . 11
MUMBAI

businessline.portfolio
SUNDAY - DECEMBER 29 - 2024

bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) AA bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) AA bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) AA
NAV Corpus NAV Corpus 3 Year 5 Year & Below NAV Corpus 3 Year 5 Year & Below
Regular Direct 1 Month 3 Month 6 Month 1 Year & Below Regular Direct 1 Year 2 Year Regular Direct 1 Year 2 Year
(₹) (₹ Cr) Absolute Absolute Absolute CAGR (₹) (₹ Cr) CAGR CAGR CAGR CAGR (₹) (₹ Cr) CAGR CAGR CAGR CAGR

★★★ DSP Short Term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 44.6 2848 1.0 0.3 7.6 7.1 5.7 5.9 - ★★★ HSBC Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 27.6 582 1.7 0.9 7.1 6.8 5.5 5.5 60.26
★★★ Kotak Bond Short Term . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 49.9 16673 1.1 0.4 7.7 7.0 5.7 6.0 - ★★★ Invesco India Credit Risk . . . . . . . . . . . . . . . . . . . . . . .. . . 1812.7 142 1.5 0.3 7.2 9.4 6.9 6.3 53.60
CASH FUNDS ★★★ Nippon Ind Short Term. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 50.4 7627 0.9 0.4 8.0 7.4 6.0 6.3 6.01 ★★★ Nippon Ind Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 33.3 993 1.5 0.7 8.2 8.0 6.7 5.3 54.71
★★★ SBI Short Term Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.7 13354 0.9 0.4 7.7 7.2 6.0 6.1 5.18 ★★★ SBI Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 43.6 2289 1.6 0.9 8.0 8.1 6.8 7.0 75.08
LIQUID FUNDS ★★★ Tata Short Term Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 45.9 2880 1.2 0.4 7.3 7.0 5.6 5.8 - ★★ Bandhan Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 15.8 300 1.7 0.7 7.3 6.5 5.3 5.5 56.73
★★ Baroda BNP Paribas Short Duration .. . . . . . . . 27.9 198 1.1 0.4 7.6 7.3 5.8 5.7 2.52 ★★ Bank of India Credit Risk . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 11.8 115 1.4 1.0 6.1 5.9 39.6 10.6 58.34
- 360 ONE Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1942.7 773 0.3 0.2 6.4 6.7 6.9 7.2 - ★★ HSBC Short Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.3 3845 0.8 0.3 7.5 7.0 5.6 5.8 - ★ Kotak Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.1 750 1.7 0.8 7.1 6.9 4.8 5.3 54.86
- Aditya Birla SL Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 406.1 44521 0.3 0.2 6.4 6.8 7.0 7.3 - ★★ Invesco India Short Duration . . . . . . . . . . . . . . .. . . 3406.6 485 1.1 0.4 7.8 7.0 5.5 5.7 1.03 ★ UTI Credit Risk. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 16.4 316 1.7 1.0 7.9 7.2 6.1 1.0 56.78
- Axis Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2805.3 33183 0.2 0.2 6.5 6.9 7.0 7.4 - ★★ Mirae Asset Short Duration . . . . . . . . . . . . . . . . . . .. . . . . . . . 15.0 365 1.1 0.3 7.5 6.9 5.6 5.7 2.75 DEBT - BANKING AND PSU FUNDS
- Bandhan Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3045.7 13774 0.3 0.1 6.4 6.8 6.9 7.3 - ★ Canara Robeco Short Duration . . . . . . . . . . .. . . . . . . . 24.3 348 1.0 0.4 7.1 6.6 5.4 5.6 -
- Bank of India Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2901.7 1699 0.1 0.1 6.6 6.9 7.1 7.4 - ★ LIC MF Short Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.0 109 1.3 0.4 7.4 6.8 5.2 5.2 - ★★★★★ Aditya Birla SL Bank & PSU Debt . . . . . . . . .. . . . . . 350.6 9551 0.7 0.4 7.9 7.3 6.1 6.5 -
- Baroda BNP Paribas Liquid . . . . . . . . . . . . . . . . . .. . . 2899.2 11193 0.3 0.2 6.5 6.8 6.9 7.3 - - Bank of India Short Term Income . . . . . . .. . . . . . . . 25.7 82 1.0 0.5 9.1 7.5 13.6 8.4 - ★★★★★ ICICI Pru Banking & PSU Debt . . . . . . . . . . . . . .. . . . . . . . 31.3 9127 0.7 0.4 7.9 7.6 6.5 6.6 -
- Canara Robeco Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3032.8 3170 0.2 0.1 6.4 6.8 7.0 7.3 - - Franklin Ind Short Term Income . . . . . . . . .. . . 5149.4 13 0.0 0.0 0.0 3.4 5.1 4.8 - ★★★★ DSP Banking & PSU Debt . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 23.1 3076 0.6 0.3 8.6 7.6 6.1 6.4 -
- DSP Liquidity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3598.0 22864 0.2 0.1 6.4 6.9 7.0 7.4 - - Groww Short Duration . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1990.5 59 1.6 0.4 6.8 6.1 4.7 4.6 - ★★★★ HDFC Banking and PSU Debt . . . . . . . . . . . . . . .. . . . . . . . 22.0 5881 0.8 0.4 7.9 7.3 6.0 6.4 -
- Edelweiss Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3222.7 5903 0.2 0.1 6.5 6.9 7.0 7.3 - - Mahi Manu Short Duration. . . . . . . . . . . . . . . . . . . .. . . . . . . . 12.2 70 1.3 0.3 7.5 7.0 5.6 - 2.16 ★★★★ Kotak Banking and PSU Debt . . . . . . . . . . . . . .. . . . . . . . 62.5 5679 0.8 0.4 8.0 7.3 6.1 6.5 -
- Groww Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2436.5 154 0.2 0.1 6.5 6.8 7.0 7.3 - ★★★ Axis Banking & PSU Debt . . . . . . . . . . . . . . . . . . . . . . .. . . 2518.1 13045 0.6 0.4 7.5 7.0 5.9 6.1 -
- HDFC Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4945.0 72653 0.3 0.2 6.4 6.8 6.9 7.3 - DEBT - MEDIUM DURATION FUNDS ★★★ Bandhan Banking & PSU Debt . . . . . . . . . . . . .. . . . . . . . 23.6 13507 0.6 0.3 7.5 7.1 5.9 6.4 -
- HSBC Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2512.6 18790 0.2 0.1 6.3 6.8 7.0 7.3 - ★★★ Edelweiss Banking and PSU Debt . . . . . .. . . . . . . . 23.5 271 0.7 0.4 8.1 7.3 5.7 6.8 -
★★★★★ Aditya Birla SL Medium Term . . . . . . . . . . . . . . .. . . . . . . . 37.1 1981 1.6 0.9 10.3 8.6 13.7 11.2 27.83
- ICICI Pru Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 373.1 50756 0.3 0.2 6.4 6.8 7.0 7.3 - ★★★ Franklin Ind Banking & PSU Debt . . . . . . .. . . . . . . . 21.5 580 0.5 0.2 7.7 7.3 5.9 6.1 5.57
★★★★ Axis Strategic Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 26.7 1938 1.1 0.5 8.7 7.9 6.5 7.0 34.84
- Invesco India Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3464.0 14858 0.2 0.2 6.5 6.9 7.0 7.4 - ★★★ LIC MF Banking & PSU . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 33.2 1852 0.8 0.3 7.7 7.1 5.7 5.7 -
★★★★ ICICI Pru Medium Term Bond . . . . . . . . . . . . . . .. . . . . . . . 42.7 5928 1.4 0.7 8.0 7.5 6.4 7.0 34.17
- ITI Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1314.5 52 0.3 0.1 6.5 6.7 6.7 6.9 - ★★★ Nippon Ind Banking & PSU Debt . . . . . . . . .. . . . . . . . 19.8 5567 0.8 0.4 7.8 7.3 5.9 6.5 -
★★★ HDFC Medium Term Debt . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 53.8 3988 1.3 0.7 8.0 7.3 5.8 6.5 20.35
- JM Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 68.8 3205 0.3 0.2 6.4 6.8 6.9 7.2 - ★★ Invesco India Banking and PSU . . . . . . . . . .. . . 2166.5 100 0.6 0.3 8.2 7.3 5.0 5.6 -
★★★ HSBC Medium Duration . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 19.5 841 1.1 0.4 8.2 7.5 5.9 6.3 13.04
- Kotak Liquid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 5094.1 34539 0.3 0.2 6.3 6.8 6.9 7.3 - ★★ SBI Banking and PSU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2977.1 3810 0.8 0.3 7.7 7.1 5.7 6.0 7.26
★★★ Kotak Medium Term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 21.7 1828 1.6 0.7 9.0 7.6 6.1 6.3 27.08
- LIC MF Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4558.4 10650 0.2 0.2 6.4 6.8 7.0 7.4 - ★★ Sundaram Banking & PSU. . . . . . . . . . . . . . . . . . . . .. . . . . . . . 41.1 336 0.4 0.3 7.9 7.4 5.9 5.6 -
★★★ SBI Magnum Medium Duration . . . . . . . . . . .. . . . . . . . 48.9 6661 1.2 0.7 8.1 7.6 6.2 6.9 32.04
- Mahi Manu Liquid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1640.4 1311 0.3 0.2 6.6 6.9 7.0 7.3 - ★ HSBC Banking and PSU Debt . . . . . . . . . . . . . . .. . . . . . . . 23.2 4391 0.6 0.2 7.2 6.8 5.1 5.7 -
★★ DSP Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 77.9 379 0.8 0.4 7.7 7.3 5.8 6.2 -
- Mirae Asset Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2643.1 15673 0.2 0.1 6.5 6.8 7.0 7.3 - ★ UTI Banking & PSU. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 21.0 806 0.5 0.4 7.6 7.1 8.2 7.2 -
★★ Nippon Ind Strategic Debt . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.8 117 1.1 0.5 8.3 7.6 5.7 1.2 30.69
- Motilal Oswal Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.4 812 0.4 0.2 6.1 6.4 6.6 6.9 - - Baroda BNP Pari Banking and PSU . . . . . . . . . . . 12.1 27 0.8 0.4 7.7 7.0 5.2 - -
★ Bandhan Bond - Medium Term . . . . . . . . . . .. . . . . . . . 43.7 1487 1.3 0.6 7.6 6.9 5.0 5.6 -
- Motilal Oswal Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 10.0 812 - 0.2 0.0 0.0 0.0 0.0 - - ITI Banking & PSU Debt . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 12.5 30 0.7 0.2 7.6 6.9 6.0 - -
- Sundaram Medium Duration . . . . . . . . . . . . . . .. . . . . . . . 66.4 44 2.2 1.3 6.2 5.8 4.0 4.0 -
- Motilal Oswal Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 12.9 812 - 0.2 6.3 6.6 6.7 7.1 - - Mirae Asset Banking and PSU . . . . . . . . . . . . . .. . . . . . . . 12.4 53 0.8 0.4 7.9 7.1 5.6 - -
- Union Medium Duration . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 12.3 81 0.9 0.6 7.5 7.1 5.2 - -
- Navi Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 27.5 64 0.2 0.2 6.5 6.7 6.8 6.9 - - TRUSTMF Banking & PSU . . . . . . . . . . . . . . . . . . . . . .. . . 1214.4 190 0.7 0.2 7.4 7.0 5.3 - -
- UTI Medium Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 17.5 40 1.5 0.8 7.6 7.0 5.4 4.5 21.00
- Nippon Ind Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 6150.8 32108 0.3 0.2 6.4 6.8 6.9 7.3 -
- Parag Parikh Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1401.0 2361 0.3 0.2 6.3 6.5 6.7 6.9 -
DEBT - GILT FUND WITH 10 YEAR CONSTANT DURATION
DEBT - MEDIUM TO LONG DURATION FUNDS
- PGIM India Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 328.1 451 0.2 0.1 6.5 6.9 7.0 7.3 -
1845247

1845247
- Bandhan G-Secs - Constant Maturity. . . . . . . . 43.3 346 0.5 0.3 9.6 8.3 5.8 6.4 -
- Quant Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 39.9 1845 0.5 0.3 6.6 6.8 6.8 7.0 - ★★★★★ UTI Medium to Long Duration . . . . . . . . . . . . .. . . . . . . . 70.2 314 1.6 1.2 8.4 7.3 8.2 7.0 4.80
- DSP 10Y G-Sec . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.7 56 0.5 0.3 8.9 8.2 5.5 5.7 -
- Quantum Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 33.9 504 0.3 0.2 6.3 6.5 6.7 7.0 - ★★★★ ICICI Pru Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 38.4 2968 1.0 0.6 8.6 8.0 6.4 6.7 -
- ICICI Pru Constant Maturity Gilt . . . . . . . . . .. . . . . . . . 23.4 2637 0.4 0.2 9.2 8.3 5.9 6.8 -
- SBI Liquid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3940.9 64117 0.3 0.2 6.3 6.7 6.9 7.2 - ★★★★ SBI Magnum Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 67.7 1808 1.5 0.8 8.1 7.6 6.1 6.6 19.35
- SBI Magnum Constant Maturity . . . . . . . . . .. . . . . . . . 60.6 1881 0.6 0.3 9.1 8.1 5.8 6.2 -
- Sundaram Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2223.8 6539 0.3 0.1 6.4 6.8 6.9 7.3 - ★★★ Aditya Birla SL Income . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 120.4 2182 1.2 0.7 8.4 7.4 5.7 6.7 -
- Tata Liquid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3969.4 23348 0.3 0.2 6.5 6.9 7.0 7.3 - ★★★ Kotak Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 73.6 2034 1.6 0.7 8.2 7.4 5.5 6.2 - DEBT - GILT FUNDS
- Union Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2425.1 4337 0.2 0.1 6.5 6.9 7.0 7.3 - ★★★ LIC MF Medium to Long Duration . . . . . . .. . . . . . . . 69.2 181 1.2 0.2 9.0 7.7 6.1 5.6 -
- UTI Liquid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4134.1 25219 0.2 0.2 6.4 6.8 7.0 7.3 - ★★★ Nippon Ind Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 86.0 395 1.5 0.7 8.1 7.3 6.0 5.9 - ★★★★★ ICICI Pru Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 98.0 6781 1.1 0.6 8.1 8.1 6.6 7.2 -

- WhiteOak Capital Liquid. . . . . . . . . . . . . . . . . . . . . . . .. . . 1356.4 273 0.3 0.2 6.4 6.8 6.9 7.2 - ★★ Canara Robeco Income . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 53.4 120 1.9 0.7 7.6 6.5 4.8 5.3 - ★★★★★ SBI Magnum Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 63.3 10979 0.9 0.5 8.8 8.1 6.8 7.0 -
★★ HDFC Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 55.7 861 1.4 0.8 8.9 7.4 5.2 5.3 - ★★★★ Axis Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 24.5 922 0.8 0.4 9.9 8.3 6.3 6.8 -
ARBITRAGE FUNDS ★ Bandhan Bond - Income . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 62.6 483 2.0 1.3 7.9 6.8 4.7 5.3 - ★★★★ DSP Gilt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 92.1 1835 1.2 0.6 10.1 8.5 6.5 7.0 -
- HSBC Medium to Long Duration . . . . . . . . .. . . . . . . . 40.3 50 1.9 0.7 7.5 6.5 4.5 4.8 - ★★★★ Edelweiss G-Secs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 23.6 192 1.1 0.5 9.7 7.8 6.0 7.1 -
- Aditya Birla SL Arbitrage . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.7 13844 1.0 0.3 6.5 7.2 6.7 7.5 -
- JM Medium to Long Duration. . . . . . . . . . . . . . .. . . . . . . . 59.1 27 1.1 0.6 7.9 7.1 5.0 5.3 - ★★★★ UTI Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 60.2 645 0.9 0.7 8.8 7.6 6.1 6.1 -
- Axis Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 18.1 5592 1.0 0.3 6.7 7.1 6.6 7.6 -
★★★ Aditya Birla SL G-Secs . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 78.1 2150 1.1 0.5 8.9 7.9 5.8 6.5 -
- Bandhan Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 31.4 7524 1.1 0.4 6.4 7.1 6.7 7.5 - DEBT - LONG DURATION FUNDS ★★★ Bandhan G-Secs - Investment . . . . . . . . . . . . .. . . . . . . . 34.0 3685 1.1 0.5 10.4 8.4 6.1 6.7 -
- Bank of India Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.4 41 0.9 0.2 6.1 6.7 6.4 7.0 -
★★★ HDFC Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 53.0 2857 0.9 0.5 8.6 7.8 5.7 6.0 -
- Baroda BNP Paribas Arbitrage . . . . . . . . . . . .. . . . . . . . 15.6 1376 1.2 0.4 6.3 6.6 6.5 7.4 0.30 - ICICI Pru Long Term Bond . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 85.9 1013 1.0 0.4 10.1 8.3 5.9 5.8 -
★★★ Kotak Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 92.9 4398 1.5 0.5 8.2 7.6 5.9 6.5 -
- DSP Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.5 5971 1.0 0.4 6.6 7.2 6.7 7.4 - - Nippon Ind Nivesh Lakshya . . . . . . . . . . . . . . . . . .. . . . . . . . 17.2 9115 0.6 0.3 11.1 9.0 6.8 6.9 -
★★★ Nippon Ind Gilt Securities . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 36.6 2108 1.3 0.5 8.8 7.6 5.8 6.0 -
- Edelweiss Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 18.7 12199 1.1 0.4 6.8 7.3 6.7 7.7 -
DEBT - DYNAMIC BOND FUNDS ★★★ PGIM India Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 29.0 116 1.5 0.5 8.8 7.6 5.6 5.8 -
- HDFC Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 29.6 16791 0.9 0.4 6.9 7.3 6.8 7.7 -
★★ Baroda BNP Paribas Gilt . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 40.7 1804 0.5 0.1 9.5 8.3 6.0 5.9 -
- HSBC Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 18.4 2448 0.9 0.3 7.0 7.0 6.5 7.4 - ★★★★★ Aditya Birla SL Dynamic Bond . . . . . . . . . . . . .. . . . . . . . 44.2 1702 1.2 0.6 8.8 7.7 7.1 7.2 2.55 ★★ Canara Robeco Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 72.6 123 1.3 0.5 8.6 7.4 5.7 5.8 -
- ICICI Pru Equity-Arbitrage . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 33.1 24760 0.9 0.4 6.5 7.3 6.8 7.6 - ★★★★ 360 ONE Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 21.5 737 0.5 0.3 9.5 8.2 6.6 6.7 - ★★ Invesco India Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2726.5 1355 1.3 0.5 9.8 8.1 6.2 5.4 -
- Invesco India Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.8 18252 1.1 0.4 6.5 7.2 6.8 7.6 - ★★★★ DSP Strategic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3242.9 1927 1.2 0.5 9.8 8.8 6.3 6.7 - ★★ Tata Gilt Securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 74.7 978 1.4 0.3 8.1 7.7 5.9 5.6 -
- ITI Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 12.5 38 0.9 0.2 6.0 6.5 6.2 7.3 - ★★★★ ICICI Pru All Seasons Bond . . . . . . . . . . . . . . . . . . . .. . . . . . . . 35.3 13410 1.3 0.6 8.1 7.8 6.7 7.2 16.28 ★ Franklin Ind G-Secs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 56.4 151 1.2 0.6 7.3 6.4 5.1 5.1 -
- JM Arbitrage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 31.6 178 1.1 0.4 6.3 7.0 6.4 7.2 - ★★★★ SBI Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 34.2 3309 1.5 0.6 8.6 7.8 6.6 6.4 - ★ HSBC Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 63.6 259 1.7 0.5 8.1 6.7 5.1 5.4 -
- Kotak Equity Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 36.2 54915 1.0 0.4 6.6 7.4 6.8 7.8 - ★★★ Baroda BNP Paribas Dynamic Bond . .. . . . . . . . 43.9 168 1.7 0.7 8.1 7.5 6.1 5.7 - - LIC MF Gilt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 57.5 95 1.5 1.7 8.3 7.2 5.4 5.7 -
- LIC MF Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.4 238 1.0 0.3 6.5 7.0 6.6 7.2 - ★★★ HDFC Dynamic Debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 86.1 791 1.5 0.8 8.6 7.5 5.6 6.6 -
- Mahi Manu Arbitrage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 12.0 107 1.2 0.4 5.8 5.9 5.3 6.2 - ★★★ HSBC Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.3 159 0.8 0.2 8.6 7.5 5.8 5.8 - DEBT - FLOATER FUNDS
- Mirae Asset Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 12.6 3061 0.9 0.2 6.0 7.0 6.5 7.4 - ★★★ Kotak Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 35.9 3014 1.3 0.6 9.2 7.8 6.0 6.5 -
- Nippon Ind Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.7 15418 1.1 0.4 6.4 7.0 6.6 7.5 - ★★★★★ HDFC Floating Rate Debt . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 47.8 15104 0.5 0.3 8.2 7.9 6.8 6.7 5.69
★★★ PGIM India Dynamic Bond . . . . . . . . . . . . . . . . . . . .. . . 2524.5 106 1.6 0.4 8.9 7.4 5.7 5.6 -
- PGIM India Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 17.8 90 1.1 0.4 6.5 6.8 6.5 7.1 - ★★★★ Aditya Birla SL Floating Rate . . . . . . . . . . . . . . . .. . . . . . 333.4 13363 0.4 0.2 7.9 7.7 6.7 6.5 -
★★★ UTI Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 29.6 555 1.5 0.7 8.6 7.3 8.2 8.2 -
- SBI Arbitrage Opport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 32.6 31422 1.0 0.4 6.5 7.2 6.7 7.5 - ★★★ ICICI Pru Floating Interest . . . . . . . . . . . . . . . . . . . . .. . . . . . 407.0 8330 1.2 0.6 8.0 7.8 6.6 6.6 13.11
★★ Axis Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.2 1602 0.6 0.3 8.4 7.4 5.6 6.6 -
- Sundaram Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.0 231 1.0 0.3 6.7 6.6 6.5 7.2 - ★★★ Kotak Floating Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1444.0 3772 0.6 0.3 8.2 7.7 6.3 6.8 2.65
★★ Bandhan Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 32.8 3055 1.6 0.7 9.8 8.0 5.6 6.2 -
- Tata Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.9 12589 1.1 0.3 6.4 7.1 6.7 7.5 - ★★★ Nippon Ind Floating Rate . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 43.2 7723 0.6 0.3 8.2 7.7 6.4 6.8 -
★★ Canara Robeco Dynamic Bond . . . . . . . . . . .. . . . . . . . 28.3 119 1.8 0.7 7.5 6.5 5.2 5.2 -
- Union Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.6 233 1.0 0.4 6.8 7.3 6.6 7.6 - ★★ Franklin Ind Floating Rate . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 38.9 302 1.0 0.2 8.1 7.7 6.5 5.8 5.35
★★ Nippon Ind Dynamic Bond . . . . . . . . . . . . . . . . . . .. . . . . . . . 35.5 4366 0.7 0.3 8.8 7.8 5.9 6.3 -
- UTI Arbitrage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 33.8 6462 0.7 0.3 6.9 7.3 6.9 7.7 - ★ UTI Floater . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1437.2 1430 0.8 0.4 7.0 6.9 5.8 5.6 -
★ Mirae Asset Dynamic Bond . . . . . . . . . . . . . . . . . . .. . . . . . . . 15.5 120 1.1 0.2 7.1 6.4 4.7 5.2 -
- Bandhan Floating Rate . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 12.3 321 0.8 0.3 7.8 7.3 6.1 - 21.94
★ Union Dynamic Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 22.4 79 1.5 1.2 8.4 7.4 4.9 5.5 -
- DSP Floater . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 12.6 718 0.5 0.3 9.0 8.4 6.6 - -
bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) AA - Aditya Birla SL Dynamic Bond . . . . . . . . . . . . .. . . . . . . . 30.5 1702 - 0.6 8.7 7.7 7.1 7.2 2.55
NAV Corpus
Regular Direct 1 Year 2 Year 3 Year 5 Year & Below - SBI Floating Rate Debt . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 12.8 1189 0.5 0.3 8.1 7.8 6.6 - -
(₹) (₹ Cr) CAGR CAGR CAGR CAGR (%) - Groww Dynamic Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1413.6 52 1.5 0.5 6.9 6.1 5.0 5.1 -
- JM Dynamic Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 39.6 44 1.0 0.5 8.0 7.0 6.0 5.7 -
bl. rating Scheme Name Latest Latest Expense Ratio (%) Trailing Returns (%) Sortino
- Mahi Manu Dynamic Bond . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.7 80 1.6 0.4 8.2 7.0 4.9 4.6 6.26 NAV Corpus
DEBT FUNDS - Quantum Dynamic Bond. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.5 111 1.0 0.5 9.1 8.1 6.8 6.6 - (₹) (₹ Cr)
Regular Direct 1 Year 3 Year
CAGR CAGR
5 Year 10 Year Ratio
CAGR CAGR (%)

DEBT - CORPORATE BOND FUNDS

DEBT - ULTRA SHORT DURATION FUNDS
★★★★★ ICICI Pru Corporate Bond . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 28.5 28993 0.6 0.4 8.0 7.8 6.7 6.9 -
SOLUTION ORIENTED FUNDS
★★★★★ Nippon Ind Ultra Short Duration . . . . . . . .. . . 3881.5 7783 1.1 0.4 7.2 6.9 6.1 6.2 5.64
★★★★★ Nippon Ind Corporate Bond . . . . . . . . . . . . . . . . .. . . . . . . . 57.2 6496 0.7 0.4 8.4 7.8 6.6 6.8 -
★★★★★ UTI Ultra Short Duration . . . . . . . . . . . . . . . . . . . . . . . .. . . 4086.0 3039 0.9 0.3 7.1 7.0 6.0 5.9 4.67 SOLUTION ORIENTED - CHILDREN'S FUNDS
★★★★ Aditya Birla SL Corporate Bond. . . . . . . . . . .. . . . . . 107.9 23715 0.5 0.3 8.5 7.9 6.6 7.1 -
★★★★ Aditya Birla SL Savings . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 526.6 16278 0.6 0.3 7.8 7.5 6.6 6.1 11.19
★★★★ Axis Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 16.3 6000 0.9 0.3 8.0 7.4 6.1 6.7 -
★★★★ Baroda BNP Pari Ultra Short Dur ... 1484.0 1339 0.5 0.3 7.4 7.3 6.5 5.7 1.34 - Axis Children's . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.2 901 2.3 1.3 14.9 6.8 11.8 - 0.28
★★★★ HDFC Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 31.1 32841 0.6 0.4 8.5 7.8 6.3 6.9 -
★★★★ HDFC Ultra Short Term . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.6 14890 0.7 0.4 7.4 7.2 6.3 5.7 0.50 - HDFC Children's. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 291.9 9937 1.7 0.9 16.7 16.8 18.5 13.8 0.45
★★★ Bandhan Corporate Bond . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 18.4 13796 0.7 0.3 7.6 7.2 5.6 6.4 -
★★★★ ICICI Pru Ultra Short Term . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 26.7 14551 0.8 0.4 7.4 7.2 6.3 5.9 5.37 - ICICI Pru Child Care (Gift Plan). . . . . . . . . . . . .. . . . . . 308.9 1320 2.2 1.5 19.0 16.6 16.2 11.9 0.38
★★★ Franklin Ind Corporate Debt. . . . . . . . . . . . . . . . .. . . . . . . . 94.2 758 0.8 0.2 7.6 7.1 5.7 6.0 5.58
★★★ Axis Ultra Short Duration . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.2 6057 1.2 0.4 7.0 6.8 5.9 5.2 3.98 - LIC MF Children’s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 34.7 17 2.5 1.7 19.7 13.6 13.3 9.3 0.30
★★★ Invesco India Corporate Bond . . . . . . . . . . . . .. . . 3032.5 5721 0.7 0.3 8.0 7.3 5.8 6.2 -
★★★ Bandhan Ultra Short Term . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.7 3820 0.5 0.3 7.4 7.2 6.3 5.5 - - SBI Mag Children's Benefit - Sav . . . . . . . . .. . . . . . 107.5 123 1.2 0.9 17.4 12.1 13.7 11.8 0.72
★★★ Kotak Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3600.6 14333 0.7 0.3 8.2 7.5 6.2 6.4 -
★★★ Invesco India Ultra Short Duration . . . .. . . 2596.3 1764 0.8 0.2 7.4 7.0 6.0 5.2 2.10 - Tata Young Citizens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 60.6 367 2.6 1.9 13.6 13.8 18.3 11.9 0.39
★★★ SBI Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.8 20916 0.8 0.4 7.9 7.2 5.9 6.2 -
★★★ Kotak Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 41.3 13450 0.8 0.4 7.2 7.0 6.1 5.5 2.60 - UTI Children's Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 83.3 1122 2.3 1.2 15.3 11.4 16.5 12.3 0.34
★★★ Sundaram Corporate Bond . . . . . . . . . . . . . . . . . .. . . . . . . . 38.4 735 0.6 0.3 7.9 7.1 5.9 6.4 -
★★★ PGIM India Ultra Short Duration . . . . . . . . .. . . . . . . . 32.9 241 0.9 0.3 6.8 6.7 5.9 5.3 - - UTI Children's Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 38.9 4562 1.7 1.5 11.2 9.1 10.7 8.8 0.34
★★★ UTI Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 15.6 4699 0.6 0.3 7.9 7.3 6.0 6.5 -
★★★ SBI Magnum Ultra Short Duration. . . . . .. . . 5750.9 12426 0.5 0.3 7.4 7.2 6.2 5.6 -
★★ Canara Robeco Corporate Bond . . . . . . . . .. . . . . . . . 20.9 134 1.0 0.4 7.4 6.7 5.4 5.7 -
★★★ WhiteOak Capital Ultra Short Durr ... 1314.1 319 1.0 0.5 6.8 6.6 5.7 4.9 - SOLUTION ORIENTED - RETIREMENT FUNDS
★★ HSBC Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 69.7 6117 0.6 0.3 8.0 7.2 5.5 6.5 -
★★ BOI Ultra Short Duration . . . . . . . . . . . . . . . . . . . . . . .. . . 3050.5 185 0.9 0.3 6.6 6.4 5.7 5.1 -
★★ Union Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.6 260 0.7 0.4 7.9 7.2 5.5 6.0 -
- Franklin Ind Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 212.4 518 2.3 1.5 12.9 10.2 9.6 8.6 0.36
★★ Canara Robeco Ultra Short Term . . . . . . . .. . . 3663.7 602 1.0 0.3 6.7 6.6 5.7 4.8 -
★ Baroda BNP Pari Corporate Bond . . . . . .. . . . . . . . 26.2 207 0.6 0.2 8.3 7.6 5.5 5.7 -
- HDFC Retirement Savings - Equity . . . . .. . . . . . . . 49.4 6009 1.8 0.7 18.8 20.0 23.4 - 0.49
★★ DSP Ultra Short . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 3279.6 3062 1.0 0.3 6.9 6.8 5.9 5.0 0.83
★ DSP Corporate Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 15.3 2546 0.5 0.3 7.7 7.1 5.4 5.8 -
- HDFC Retire Savings-Hybrid-Debt . . . . .. . . . . . . . 20.9 161 2.1 1.0 10.1 8.3 8.8 - 0.56
★★ Tata Ultra Short Term . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.7 3253 1.2 0.3 6.9 6.7 5.8 5.1 4.47
- Mirae Asset Corporate Bond. . . . . . . . . . . . . . . . .. . . . . . . . 12.2 42 0.7 0.2 8.0 7.1 5.7 - -
- HDFC Retire Savings Hybrid Eq . . . . . . . . . . .. . . . . . . . 37.6 1583 2.1 0.9 14.9 14.8 17.0 - 0.43
★ Motilal Oswal Ultra Short Term . . . . . . . . . . .. . . . . . . . 16.0 439 1.1 0.5 6.0 5.9 5.1 4.4 -
- PGIM India Corporate Bond. . . . . . . . . . . . . . . . . .. . . . . . . . 41.3 95 1.0 0.3 7.6 7.0 5.7 6.1 -
- LIC MF Unit Linked Insurance. . . . . . . . . . . . . . .. . . . . . . . 35.6 499 2.4 1.4 12.4 10.0 12.0 9.7 0.27
★ Sundaram Ultra Short Duration . . . . . . . . . .. . . 2597.2 2073 1.5 0.2 6.4 6.3 5.4 4.6 -
DEBT - CREDIT RISK FUNDS - Nippon Ind Retire-Income Gene . . . . . . . . .. . . . . . . . 19.6 156 2.1 1.0 11.5 7.8 7.6 - 0.46
- Aditya Birla SL Savings . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 303.0 16278 0.3 0.3 7.6 7.4 6.4 6.1 11.19
- Nippon Ind Retire-Wealth Cre. . . . . . . . . . . . . .. . . . . . . . 28.8 3336 1.9 1.0 21.7 17.9 16.5 - 0.30
- HSBC Ultra Short Duration . . . . . . . . . . . . . . . . . . .. . . 1302.7 2742 0.5 0.2 7.4 7.2 6.3 - -
★★★★★ Baroda BNP Paribas Credit Risk. . . . . . . . . .. . . . . . . . 21.2 162 1.6 0.8 8.2 7.7 6.7 8.2 55.89 - Tata Retirement Savings Con. . . . . . . . . . . . . . .. . . . . . . . 30.8 175 2.2 1.0 10.1 7.4 8.1 8.1 0.38
- LIC MF Ultra Short Duration . . . . . . . . . . . . . . . . . .. . . 1275.0 346 1.0 0.3 6.8 6.4 5.7 4.9 -
★★★★★ DSP Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 41.9 188 1.1 0.4 7.8 11.6 10.8 8.0 70.48 - Tata Retirement Savings Moderate . . .. . . . . . . . 64.2 2177 2.0 0.6 20.0 14.2 15.1 13.2 0.36
- Mahi Manu Ultra Short Duration . . . . . . . . .. . . 1325.2 223 0.7 0.3 7.3 7.1 6.2 5.5 1.89
★★★★ Aditya Birla SL Credit Risk . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.5 933 1.5 0.7 11.8 9.3 8.5 8.3 54.22 - Tata Retirement Savings Progre . . . . . . . . .. . . . . . . . 66.1 2108 2.0 0.5 22.3 15.3 16.1 14.1 0.34
- Mirae Asset Ultra Short Duration . . . . . . . .. . . 1257.7 1736 0.5 0.2 7.6 7.4 6.4 - -
★★★★ ICICI Pru Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.3 6419 1.4 0.8 8.4 7.9 6.9 7.4 55.56 - UTI Retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 48.1 4646 1.7 1.0 15.0 12.3 13.4 9.6 0.50
DEBT - MONEY MARKET FUNDS ★★★ Axis Credit Risk. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 20.5 417 1.6 0.8 8.0 7.5 6.3 6.6 54.95
★★★ HDFC Credit Risk Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 23.0 7404 1.6 1.0 8.2 7.4 6.2 7.3 48.23 Source : ACE MF. NAV for the growth option as on 27-12-2024. Returns for regular plans considered.
★★★★★ Aditya Birla SL Money Manager. . . . . . . . . . .. . . . . . 355.4 25834 0.4 0.2 7.7 7.6 6.6 6.1 -
★★★★★ Nippon Ind Money Market. . . . . . . . . . . . . . . . . . . . .. . . 3985.6 18196 0.4 0.3 7.7 7.5 6.7 5.9 -
★★★★ ICICI Pru Money Market . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 364.4 28736 0.3 0.2 7.7 7.5 6.6 5.9 -
★★★★ Tata Money Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4534.2 27483 0.4 0.2 7.7 7.5 6.6 6.0 -
★★★★ UTI Money Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 2960.8 16372
★★★ DSP Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 50.7
★★★ Franklin Ind Money Market . . . . . . . . . . . . . . . . . . .. . . . . . . . 48.2
4211
2271
0.2
0.5
0.3
0.2
0.2
0.1
7.7
7.3
7.6
7.6
7.3
7.4
6.7
6.1
6.4
5.9
5.5
5.8
-
-
-
Our Ratings Our rating is based on the historical
performance of funds (regular plans)
measured both in terms of return
returns. Sortino ratio and one-year
performance is given a 30 per cent
and 10 per cent weightage
are also shown. While the ratings will
be revised only at fixed intervals,
returns data shown here are updated
★★★ HDFC Money Market. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 5490.4 26788
★★★ Kotak Money Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 4313.3 29774
★★★ SBI Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 39.9 28254
0.4
0.4
0.8
0.2
0.2
0.3
7.6
7.6
7.2
7.5
7.5
7.1
6.5
6.6
6.1
6.0
5.8
5.5
-
-
-
Methodology (rolling return) and risk (sortino
ratio).
Rolling returns help identify
schemes that have delivered
respectively. The final score is used
to rate funds within each category,
from 5-star to 1-star, with 5-star
being the best rating. Ratings for all
weekly. For all other metrics, the
latest available data is considered.

RATINGS EXCLUSIONS
★★★ Sundaram Money Market . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 14.4 584 0.3 0.2 7.4 7.2 6.4 5.5 - relatively consistent returns during funds now are based on data as on Funds with a corpus of less than ₹100
★★ Baroda BNP Paribas Money Market . . .. . . 1324.9 464 0.4 0.2 7.3 7.1 6.1 5.0 - various market cycles and over the July 31, 2024. crore, those that have less than a
★★ HSBC Money Market. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 25.4 2654 0.4 0.2 7.4 7.2 6.1 5.3 - long run. We have considered one-, seven-year or five-year NAV history,
★★ Invesco India Money Market. . . . . . . . . . . . . . . . .. . . 2929.5 5748 0.5 0.2 7.4 7.2 6.1 5.5 - three- and five-year rolling returns WHAT’S ON OFFER categories that have less than five
★ Bandhan Money Manager . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 38.7 11659 0.4 0.1 7.1 6.9 5.9 5.1 - for a total of seven-year NAV history On the equity side we additionally funds, and schemes that have
★ Edelweiss Money Market . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 27.4 1261 0.8 0.2 6.9 6.7 5.6 5.2 -
for equity and hybrid funds. For showcase select passive funds and on undergone a drastic change in their
- Axis Money Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 1374.2 17436 0.3 0.2 7.7 7.5 6.6 5.9 -
debt-oriented funds, we have the debt side, liquid and arbitrage mandate and portfolio (including
considered one-, two- and three-year funds are included. Expense ratio for multi-cap category) are not rated.
- PGIM India Money Market . . . . . . . . . . . . . . . . . . . . .. . . 1276.3 171 0.5 0.2 7.2 7.1 6.2 - -
rolling returns for a total of five-year both direct and regular plans are Retirement funds and children’s
DEBT - SHORT DURATION FUNDS NAV history. Sortino ratio measures disclosed. For equity, passive and funds are also not rated as the
the performance of the schemes solution-fund categories, 10-year investment styles of funds within
★★★★★ ICICI Pru Short Term. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 57.5 19992 1.0 0.5 7.8 7.6 6.6 6.8 5.82 during downtrends, thus capturing returns are shown to give long-term each of these categories are not
★★★★★ UTI Short Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.4 2640 0.8 0.4 7.9 7.4 6.2 7.5 3.42 the downside risk. One-year trailing investors, a perspective. Three vital homogeneous. Passive funds cannot
★★★★ Aditya Birla SL Short Term . . . . . . . . . . . . . . . . . . . .. . . . . . . . 45.5 9091 1.0 0.4 7.9 7.3 6.3 6.7 2.65
return is also considered to assess metrics for all funds — sortino ratio be rated based on return metrics and
★★★★ Axis Short Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 29.5 9329 0.9 0.4 8.0 7.4 6.1 6.4 1.07
the fund’s recent performance. (equity, solution categories), hence excluded. Since liquid and
To arrive at the final score, we have tracking error (passive) and arbitrage funds are predominantly
★★★★ HDFC Short Term Debt . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.6 14976 0.7 0.4 8.3 7.7 6.3 6.7 5.27
assigned a 60 per cent weightage for exposure to ‘AA & below’ rated short-term parking grounds for cash,
★★★★ Sundaram Short Duration . . . . . . . . . . . . . . . . . . . .. . . . . . . . 42.4 235 0.9 0.3 7.9 7.3 6.0 6.3 -
past performance based on rolling instruments (debt, cash categories) we haven’t rated these as well.
★★★ Bandhan Bond - Short Term. . . . . . . . . . . . . . . . .. . . . . . . . 54.5 9834 0.8 0.3 7.8 7.3 5.8 6.1 -

CM
YK ... .. . . . . .BM-BME
 12 . bl . News
MUMBAI

businessline.portfolio
SUNDAY - DECEMBER 29 - 2024

Mid-size bank, SFB stocks tank in 2024 on From Jan, EPS members can draw
pension from any bank branch
concerns over asset quality, profitability Our Bureau
New Delhi

Come New Year, 77 lakh Em-

ender statement. The EPFO
credited 8.2 per cent interest
for 2023-24 to PF subscriber
accounts. Other steps initi-
TOP PERFORMERS. State Bank of India, ICICI Bank and HDFC top picks among large lenders for the coming year ployees Pension Scheme ated to make it easier for
subscribers can withdraw pensioners include the CBT
active RBI directive hurting Vaidya, Research Analyst - quencies and lower collec- their pensions from any bank approving an amendment to
Anupama Ghosh
Piyush Shukla
business growth,” said Nitin BFSI, Axis Securities, most Mixed bag YTD change in (%)
tion efficiencies. Return ra- branch across the country. Paragraph 60(2)(b) of the
Aggarwal, Head - BFSI, In- of 2024 was characterised by tios of these banks are also The Central Board of EPF Scheme, 1952 allowing
Mumbai 31
stitutional Equities at challenges on deposit mo- 25 26 impacted due to lower NIMs Trustees of EPFO has payment of interest till the
Motilal Oswal Financial Ser- bilisation and margin pres- 14 and high provisioning,” he already carried out two pi- date of settlement as against
Shares of small- and mid- vices. Concerns over these sures for banks. 4 5 6 said. lots to ensure the smooth existing provision of paying
size banks in the Nifty Bank banks’ unsecured loans, he “We believe mid-size functioning of the central- interest up to the end of the
index including IDFC First says, will impact their prof- banks’ NIM (net interest -2 2025 OUTLOOK ised pension payment sys- preceding month, the La-
Bank, AU Small Finance itability going ahead. While margin) compression was -8 According to Aggarwal, tem (CPPS), the Labour bour Ministry said.
Bank and IndusInd Bank the micro loan sector is ex- marginally higher vs larger while public sector banks’ Ministry said on Saturday. The Ministry said it has in-
have tanked by as much as pected to recover in banks, owing to elevated -29 -30 -40 earnings are holding up This was possible as the creased withdrawal limit to
29-40 per cent year-to-date Q4FY25, Q3FY25 numbers cost of funds with a lower well, cyclical concerns due criteria for empanellment of help people use their money

ICICI

SBI

Federal

Canara

PNB

BoB

HDFC

Axis

Kotak

IDFC First

AU Small Fin

IndusInd
(YTD) in calendar 2024 on are not as bright as expected share of CASA deposits and to lower economic growth banks for centralised collec- for housing, education and
account of higher stress in a quarter back. “Mid-size continued deposit repricing may lead them to monitor tion of EPF contributions marriage and also illness.
the unsecured loans seg- banks have reported strong alongside some impact of segmental credit cost, espe- have been simplified. It will EPFO enhanced the limit for
ment and weak earnings profitability and growth reclassification of penal in- Source: NSE cially in SME and MSME now include all agency banks auto claim settlement of par-
outlook, analysts say. numbers. These include terest as penal charges. Ad- segments, due to their volat- listed with the RBI. Addition- tial withdrawals increased
“Shares of mid-size Federal Bank, City Union ditionally, certain mid-size earnings, she added. large banks, impacting their ile cash flows. “Regulatory ally, the CBT approved the from ₹50,000 to ₹1 lakh.
lenders like IndusInd Bank, Bank to be some extent, and banks have also seen credit HDFC Securities’ Head of NIM, a core indicator of guidelines like ECL provi- empanellment of other The Ministry is also work-
IDFC First Bank, Bandhan Karur Vysya Bank. Among growth momentum deceler- Research Deepak Jasani, profitability. “Banks with sioning will have a bearing scheduled commercial banks ing to develop a framework
Bank, Kotak Mahindra Bank large banks, shares of those ate,” she said. The opex ra- said that SFBs and mid-size large exposures to microfin- on PSBs. Overall, from the that are not RBI agency for social security coverage
and RBL Bank have not who kept performance tios continued to remain private banks have suffered ance loans have been at the earnings standpoint, PSBs banks but have a minimum of to the unregulated gig and
fared well in 2024 due to the steady have risen,” he said. higher for most mid-size lately due to high deposit receiving end of asset qual- are well poised at least in 0.2 per cent of total EPFO platform workers as this sec-
stress in the MFI sector and banks, given continued in- rates. Their deposits rate are ity issues due to over-lever- FY25 and you will see may collection, a relaxation from tor’s workforce is expected
its impact on the asset qual- DEPOSIT, MARGIN ISSUES vestments in franchise and 100-120 basis points higher aging by borrowers. This has be marginal earnings cuts in the earlier 0.5 per cent slab, to exceed 23 million by
ity; for Kotak there is also an According to Dnyanada tech, which weighed on than that offered by the resulted in higher delin- FY26-27,” he said. the Ministry said in a year- 2029-30.
1845247

1845247
Govt accepts Cong demand for
memorial for Manmohan Singh
Our Bureau
New Delhi

The government has accep-

ted a demand by Congress to
allocate space for a memorial
for former Prime Minister
Manmohan Singh, who died
here on Thursday.
The government, how-
ever, could not accede to
Congress President Manmohan Singh
Mallikarjun Kharge’s de-
mand to have the last rites of which PM Modi did.
Singh at the same place BJP spokesperson CR
where the memorial will be Kesavan wrote on X that it is
built due to lack of time since indeed “ironic” that a Con-
a trust takes that decision. gress President is writing to
Around midnight on Fri- PM Modi about traditions
day, the government issued a and demanding that funeral
statement saying that of Singh should happen at a
“Today morning, govern- place where his memorial
ment received a request to can come up.
allocate space for a memorial
for former Prime Minister CONTROVERSY ERUPTS
Manmohan Singh, from the “One should remind
Congress Party President. Khargeji how the Congress-
Immediately after the Cab- led UPA government never
inet meeting, Home Minister built a memorial in Delhi for
Amit Shah communicated to former PM Narasimha Raoji,
Congress President Kharge who passed away in 2004.
and the family of Manmohan The Congress never built a
Singh that the government memorial for him in the 10
will allocate space for the years they were in power
memorial. In the meanwhile, from 2004-2014. It was only
cremation and other formal- PM Modiji in 2015 who insti-
ities can happen because a tuted a memorial for
trust has to be formed and Narasimha Raoji and hon-
space has to be allocated to oured him posthumously in
it,” the statement read. 2024 with the Bharat Ratna.”
“Media advisor to Man-
TWO-PAGE LETTER mohanji, Sanjaya Baru
In a two-page letter released claimed in his book that the
by the Congress on Friday, Congress did not want Rao’s
Kharge had said that befit- cremation to take place in
ting the stature of Singh of a Delhi, but rather in Hydera-
leading statesman of the bad, and that he was ap-
world, the government proached to convey this to
should accept their request Rao’s children. The crema-
to have the funeral at the tion did take place in Hydera-
same place where his me- bad, with Rao’s body not
morial will be built. even laid in state at the All
The Congress demand for India Congress Committee’s
a memorial has opened the headquarters. The historical
Pandora’s box, with the BJP sins of the unprincipled Con-
hitting out at Kharge for not gress will never be forgotten
erecting a memorial for nor forgiven by our nation,”
former PM Narasimha Rao, Kesavan posted.

NTPC to tap US firm’s

thorium fuel for N-power
been set up by Mehul Shah, a
Our Bureau Gujarati businessman. Lak-
Chennai
shmi Narayanan, former
CEO of Cognizant; Anil
An Indian-promoted, US- Kakodkar, former Chairman
headquartered company, of the Atomic Energy Com-
Clean Core Thorium Energy mission; and M K Narayanan,
(CCTE), which has de- former National Security
veloped a nuclear fuel that Adviser are closely associ-
will enable India to tap its ated with it.
abundant thorium re- CCTE’s nuclear fuel is a
sources, has announced a tie- combination of what is called
up with NTPC, country’s ‘high assay low enriched
largest integrated power uranium’, or HALEU, and
company. thorium.
This is the second tie-up This fuel, which it calls
that CCTE has formed with ANEEL, for Advanced Nuc-
an Indian company, after lear Energy for Enriched
L&T in October. CCTE has Life, can be used straight-
away in India’s existing Pres-
surised Heavy Water React-
businessline. ors, thus enabling the use of
Disclaimer: Readers are requested to verify India’s thorium reserves, es-
& make appropriate enquiries to satisfy
themselves about the veracity of an timated at a million tonnes.
advertisement before responding to any
published in this newspaper. THG
ANEEL is also prolifera-
PUBLISHING PVT LTD., the Publisher & tion-resistant. However, AN-
Owner of this newspaper, does not vouch for
the authenticity of any advertisement or
EEL is still undergoing irra-
advertiser or for any of the advertiser’s diation tests at the US Idaho
products and/or services. In no event can the
Owner, Publisher, Printer, Editor, Director/s, National Laboratory. Also,
Employees of this newspaper/company be use of ANEEL would mean
held responsible/liable in any manner
whatsoever for any claims and/or damages importing HALEU from the
for advertisements in this newspaper.
US.

Published by Nirmala Lakshman at Kasturi Buildings, Jamshedji Tata Road, Mumbai 400020 and Printed by Charudutt Dangat at Dangat Media Pvt. Ltd., No.22, DIGHA MIDC, TTC Industrial Area, Vishnu Nagar, DIGHA, Navi Mumbai, Maharashtra 400 708 on behalf of THG PUBLISHING PVT. LTD. Chennai-600002. Editor: Raghuvir Srinivasan (Editor responsible for selection of news under the PRP Act). ISSN 0971 - 7528

CM
YK . . . . . . . . BM-BME