Category: Your Money

Theme: Quality to Price Update 04.01.2016

held since returns (%)
EVERESTIND
2014-Jul-07
+16.77
GEOMETRIC
2014-Mar-13
+54.95
HITECHPLAS
2014-Jul-07
+175.89
INFINITE
2014-Oct-07
+23.97
MASTEK
2013-Aug-28
+19.14
MBECL
2014-Mar-13
+55.23
OMAXAUTO
2015-Jan-19
+57.58
SUNCLAYLTD
2015-Jan-19
+18.68
TRIDENT
2014-Oct-07
+97.03
UFLEX
2014-Jul-07
+41.59
WSTCSTPAPR
2014-Jul-07
+19.07
LUMAXIND
2015-Jul-07
+50.39
SUNDRMBRAK
2015-Jul-07
+11.55
GARWALLROP
2015-Jul-07
+71.68
HARITASEAT
2015-Jul-07
+146.41
ORIENTBELL
2015-Jul-07
+18.60
SURYAROSNI
2015-Jul-07
+8.86
AGCNET
2015-Jul-07
-12.67
UCALFUEL
2015-Jul-07
+29.00
CANTABIL
2015-Jul-07
+5.85
Since the last rebalance on 2015-Jul-07 till 2016-Jan-01, this strategy has returned +37.90%

You can find more details about the Quality to Price Theme here.

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Theme: Acceleration Update 01.01.2016

held since returns (%)
8KMILES
2015-Nov-19
+16.07
RAJESHEXPO
2015-Nov-19
-1.53
GAYAPROJ
2015-Nov-19
+4.83
COSMOFILMS
2015-Nov-19
-1.79
RUSHIL
2015-Nov-19
+7.30
HIMATSEIDE
2015-Nov-19
+2.45
NIITLTD
2015-Nov-19
+7.47
PTL
2015-Nov-19
+0.33
ESTER
2015-Nov-19
+5.46
EMMBI
2015-Nov-19
+14.50
TRIDENT
2015-Nov-19
+7.29
GUFICBIO
2015-Nov-19
+6.63
NITCO
2015-Nov-19
+43.07
DISHMAN
2015-Dec-01
+6.83
DEEPIND
2015-Dec-01
-11.48
CYBERTECH
2015-Dec-01
-7.17
ADSL
2015-Dec-01
-2.26
TANLA
2015-Dec-01
+9.33
TRIVENI
2015-Dec-01
+13.91
MRO-TEK
2015-Dec-01
+30.95
Since the last rebalance on 2015-Dec-01 till 2015-Dec-31, this strategy has returned +2.09%

You can find more details about the Acceleration Theme here.

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Theme: Velocity Update 01.01.2016

held since returns (%)
TATAELXSI
2015-Sep-04
+25.97
GAYAPROJ
2015-Sep-04
+79.44
SANGAMIND
2015-Sep-04
+33.97
RUSHIL
2015-Sep-04
+91.18
8KMILES
2015-Oct-06
+16.09
SRIPIPES
2015-Oct-06
-8.79
LYKALABS
2015-Oct-06
+56.93
NAVINFLUOR
2015-Nov-02
+8.43
DEEPIND
2015-Nov-02
-7.36
EMMBI
2015-Nov-02
+45.75
IZMO
2015-Nov-02
+24.47
RAJESHEXPO
2015-Dec-01
-5.45
VADILALIND
2015-Dec-01
-3.31
ISFT
2015-Dec-01
-10.87
COSMOFILMS
2015-Dec-01
-3.18
HIMATSEIDE
2015-Dec-01
-4.24
JUBLINDS
2015-Dec-01
+3.86
TIRUMALCHM
2015-Dec-01
+0.86
TVSELECT
2015-Dec-01
+31.24
ESTER
2015-Dec-01
-0.67
Since the last rebalance on 2015-Dec-01 till 2015-Dec-31, this strategy has returned -1.29%

You can find more details about the Velocity Theme here.

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Theme: Momentum Update 01.01.2016

held since returns (%)
TATAELXSI
2015-Sep-07
+27.09
CAPLIPOINT
2015-Sep-07
-3.89
GAYAPROJ
2015-Sep-07
+75.96
SANGAMIND
2015-Sep-07
+38.79
TAKE
2015-Sep-07
+55.67
JUBILANT
2015-Oct-06
+4.25
NCLIND
2015-Oct-06
+46.64
ICIL
2015-Nov-02
+23.28
SRIPIPES
2015-Nov-02
-14.51
NDL
2015-Nov-02
+14.90
LYKALABS
2015-Nov-02
+17.59
EMMBI
2015-Nov-02
+45.50
MIC
2015-Nov-02
+20.10
NAVINFLUOR
2015-Dec-01
+0.06
8KMILES
2015-Dec-01
+15.74
RAJESHEXPO
2015-Dec-01
-5.41
ISFT
2015-Dec-01
-11.55
RUSHIL
2015-Dec-01
+2.76
DEEPIND
2015-Dec-01
-12.05
ESTER
2015-Dec-01
-2.57
Since the last rebalance on 2015-Dec-01 till 2015-Dec-31, this strategy has returned -0.40%

You can find more details about the Momentum Theme here.

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The Year 2015 in the Markets

world.2014-12-31.2015-12-31

Equities

Major
DAX(DEU) +9.56%
CAC(FRA) +8.53%
UKX(GBR) -4.93%
NKY(JPN) +9.07%
SPX(USA) -1.54%
MINTs
JCI(IDN) -12.13%
INMEX(MEX) -1.18%
NGSEINDX(NGA) -17.36%
XU030(TUR) -17.64%
BRICS
IBOV(BRA) -13.31%
SHCOMP(CHN) +9.41%
NIFTY(IND) -4.06%
INDEXCF(RUS) +26.12%
TOP40(ZAF) +4.16%

Commodities

Energy
Ethanol -13.17%
Brent Crude Oil -33.76%
Heating Oil -39.27%
Natural Gas -20.45%
RBOB Gasoline -11.49%
WTI Crude Oil -29.88%
Metals
Silver 5000oz -12.10%
Platinum -26.40%
Gold 100oz -10.86%
Copper -25.00%
Palladium -29.43%

Currencies

USDEUR:+11.51% USDJPY:+0.59%

MINTs
USDIDR(IDN) +11.64%
USDMXN(MEX) +17.00%
USDNGN(NGA) +8.49%
USDTRY(TUR) +24.88%
BRICS
USDBRL(BRA) +49.03%
USDCNY(CHN) +4.64%
USDINR(IND) +4.93%
USDRUB(RUS) +24.64%
USDZAR(ZAF) +34.63%
Agricultural
Lean Hogs -26.84%
Sugar #11 +4.32%
Cattle -18.04%
Coffee (Arabica) -25.53%
Cotton +4.21%
Lumber -21.95%
White Sugar +7.86%
Cocoa +14.74%
Corn -10.56%
Feeder Cattle -23.82%
Orange Juice -0.04%
Soybeans -14.65%
Wheat -20.25%
Coffee (Robusta) -21.25%
Soybean Meal -27.19%

Nifty Heatmap

NIFTY 50.2014-12-31.2015-12-31

Index Returns

index.performance.2014-12-31.2015-12-31

Market Cap Decile Performance

Decile Mkt. Cap. Adv/Decl
1 (micro) +83.07% 95/39
2 +64.59% 104/29
3 +40.56% 91/42
4 +31.75% 80/53
5 +28.26% 82/51
6 +27.95% 85/48
7 +14.75% 76/57
8 +19.85% 75/58
9 +5.53% 68/65
10 (mega) +0.91% 68/66
It was the year of the small-caps – vastly out-performing the NIFTY 50.

Top Winners and Losers

HINDPETRO +52.74%
IBULHSGFIN +60.20%
BRITANNIA +61.20%
BANKINDIA -61.91%
VEDL -57.86%
CANBK -48.08%
Commodities and public sector bank stocks got pummeled…

ETF Performance

JUNIORBEES +7.87%
NIFTYBEES -4.26%
GOLDBEES -7.50%
INFRABEES -9.11%
BANKBEES -10.32%
CPSEETF -14.07%
PSUBNKBEES -31.65%
Broad-based indices had very little to offer…

Yield Curve

yieldCurve.2014-12-31.2015-12-31

Bond Indices

Sub Index Change in YTM Total Return(%)
0 5 -0.50 +9.21%
5 10 -0.14 +8.78%
10 15 +0.01 +7.83%
15 20 +0.09 +7.02%
20 30 +0.13 +6.10%
On a total return basis, the long-bonds barely kept up with inflation.

Spread between US Treasuries and Indian Gilts

ust-ind-10yr-spread.2011-01-18

Investment Theme Performance

Momentum +45.89%
Financial Strength Value +43.02%
Quality to Price +35.28%
Magic Formula +16.15%
Low Volatility +6.41%
Enterprise Yield +6.06%
Balance Sheet Strength +4.59%
Tactical CNX 100 -1.10%
High Beta -30.34%
Most investment strategies came out ahead…

Equity Mutual Funds

Best
DSP BlackRock Micro Cap Fund – Regular – Growth +19.67%
SBI Smal & Midcap – Regular Plan – Growth +19.56%
Escorts High Yield Equity Plan – Growth Option +18.07%
Escorts Leading Sectors Fund – Growth Option +17.50%
Birla Sun Life MNC Fund-Plan B (Growth) +17.11%
MOSt Focused Midcap 30-Regular Plan-Growth Option +15.81%
BNP Paribas Mid Cap Fund-Growth Option +14.94%
Worst
LIC NOMURA MF Balanced Fund-Growth -6.96%
Sahara Growth Fund-Growth -7.25%
Union KBC Equity Fund – Growth Option -7.65%
LIC NOMURA MF Equity Fund-Growth -7.89%
Baroda Pioneer PSU Equity Fund- Plan A – Growth Option -16.20%
Sundaram Growth Fund-Growth -16.23%
Mirae Asset Global Commodity Stocks – Growth Option -23.36%

Bond Mutual Funds

Best
ICICI Prudential Very Cautious – Regular Plan – Growth +11.03%
Franklin India Dynamic Accrual Fund-Growth +10.28%
Escorts Income Plan-Growth +9.20%
Reliance Corporate Bond Fund – Growth Option +8.96%
HDFC Gilt Fund-Short Term-Growth +8.78%
ICICI Prudential Dynamic Bond Fund – Premium Plus Growth +8.69%
Sundaram Flexible Fund -Flexible Income Plan Regular – Growth +8.59%
Worst
Kotak Bond-Deposit-Growth +4.56%
L&T Triple Ace Bond Fund-Growth Plan +4.48%
IDBI Gilt Fund Growth +4.36%
Religare Invesco GILT Fund – Long Duration Plan – Growth +4.31%
JM Income Fund-Growth Plan – Growth Option +4.28%
SBI INFLATION INDEXED BOND FUND – REGULAR PLAN – GROWTH +3.24%
DWS Inflation Indexed Bond Fund- Regular Plan- Growth +2.24%

Institutional fund flows

dii-investments.2014-01-01.2015-12-31

fii-investments.2014-01-01.2015-12-31

Commentary

It was a year that saw record inflows of retail money into mutual funds and record outflow of foreign investors out of Indian markets. There were taper tantrums, Greece, GST #fail and so many worries. But the systematic and patient investor was rewarded for keeping a cool head.

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