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Star Fund House of the Year - Equity
 presents

 UTI Top 100 Fund


For circulation among agents, distributor and marketing intermediaries
Flow of the Presentation
•   Top 100 Stocks – Attributes

•   Why Top 100 Stocks

•   Equity Markets Performance

•   Scheme Snapshot

•   Equity Fund Performance Validations
Top 100 Stocks
Top 100 Stocks - Attributes

•   Possess strong fundamentals and competitive
    positioning

•   Have potential for sustained above average
    growth in revenues , earnings and cash flows

•   More likely to better withstand the fluctuations in
    business cycles

•   Carry long term growth prospects because of
    capacity to spend on future business
Why Top 100 Stocks
Top 100 Stocks For …


• Wealth Creation
Top 100 Stocks For …

•   Wealth Creation


• Leadership Positions
Top 100 Stocks For …

•   Wealth Creation

•   Leadership Positions


• Greater Liquidity
Superior Long Term wealth creation
Wealth Created – Last 5 years
Indices returns                                5 year CAGR in %
Nifty                                                11.3
Sensex                                               11.7
BSE 100                                              10.8
Scrips / companies stocks
Jindal Steel & power Ltd                             63.7
Sesa Goa Ltd                                         53.1
Crompton Greaves Ltd                                 41.1
BHEL                                                 38.0
Bharti Air Tel                                       32.3
Sun Pharma                                           29.9
Reliance Industries                                  29.8


 Superior Long Term wealth creation

                            Source: internal
Superior Long Term wealth creation
Wealth Created – Last 10 years
Indices returns                                10 year CAGR in %
Nifty                                                10.9
Sensex                                               10.0
BSE 100                                              11.6
Scrips / companies stocks
Sterlite Industries                                  57.5
Sesa Goa                                             42.0
Axis Bank Ltd                                        40.3
Crompton Greaves                                     37.4
Reliance Industries                                  31.3
HDFC Bank                                            30.2
Housing Development finance corporations             29.2


 Superior Long Term wealth creation

                            Source: internal
Leadership Position
Top 100 stocks reflect broad economy…
enjoy certain strategic advantages in terms of

•   Cost Competitiveness

•   Management Quality

•   Expansion & Growth Potential

•   Investment in Innovation and R & D

•   Growth Sustainability

•   Relatively more resilient to Business Cycles
Greater Liquidity

•   Top 100 stocks are highly traded in the market

•   Lower impact cost

•   Wider ownership from investors like

    •   Retail
    •   MFs
    •   FIIs
    •   DIIs
    •   HNIs &
    •   Corporate Bodies
Equity Market Performance
Sensex - Calendar Year Returns
Years of Positive Returns                                Years of Negative Returns

             Absolute                      Absolute                     Absolute
Year        Returns in %     Year         Returns in %   Year          Returns in %
1980            29           1993             29         1986               -1
1981            49           1994             17
1982             4           1997             19         1995              -20

1983             7           1999             64
                                                         1996               -1
1984             8           2002              4
1985            93           2003             74         1998              -17
1988            50           2004             12
                                                         2000              -21
1989            19           2005             42
1990            28           2006             48         2001              -18
1991            96           2007             47
                                                         2008              -52
1992            34           2009 -YTD        21

Positive years - 21Returns
 Years of Positive                                       Negative Years - Returns
                                                          Years of Negative
                                                         8
 Years of positive returns outnumber the years of negative years


                           Source: MFIE
Indian Market Performance

•   Early March’09 marked a
    significant bottom for
    global markets
•   Since then India performed
    in line with the emerging
    market average
    performance
•   Valuations are reasonable
    given the relative superior
    resilience of the Indian
    economy, given lower
    dependence on exports
India P/E




                                                                           Relative
P/E
                                                                           P/E




 Indian market compared to emerging market global index is attractive in
 terms of average relative P/ E ( based on estimated P/E)


               Source: Bloomberg, UTI AMC research
Scheme Snapshot
Scheme Features

Nature of scheme   An open ended equity oriented scheme
Investment         The fund aims to provide long term capital appreciation/dividend
objective          distribution by investing predominantly in equity and equity related
                   instruments of Top 100 stocks by Market Capitalisation.
Asset Allocation                                                   Asset
                                                                 Allocation
                   Instruments                                  (% to Net Assets)   Risk profile
                   Equity and Equity related instruments of
                   Top 100 stocks by market capitalization
                                                                   65-100%              High

                   Other equity or equity related instruments       0-35%               High
                   Debt and Money Market instruments
                                                                    0-35%           Low to Medium
                   including securitised debt *

                   * The fund may invest upto 100% of its debt portfolio in securitised debt.
Scheme Features

Investment
option           Dividend (with payout and Reinvestment option) & Growth
Min Investment   Rs.5000/-
Load Structure    Application      Entry
                     Size          Load                             Exit Load
                 < Rs. 2 Crs      2.25%     In respect of each purchase/switch-in of units less than
                                            Rs.2 Crs in value, an exit load of 1% is payable if units are
                                            redeemed/switched out on or before 180 days from the
                                            date of investment
                 Rs. 2 Crs &      NIL       In respect of each purchase/switch-in of units of Rs.2 Crs &
                 above                      above in value, an exit load of 0.50% is payable if units are
                                            redeemed/switched out on or before 180 days from the
                                            date of investment

                 * Nil - entry load for direct investment
Benchmark        BSE 100
Fund Manager     Harsha Upadhyaya
Fund invests in …

•   At least 65% of its corpus in top 100 Indian companies
    as measured by Market capitalization

•   Balance in companies other than the Top 100
    companies which in the opinion of the fund manger have
    attractive growth prospects and potential to outperform
    the broad market indices.

•   Derivative segment to hedge against volatility and
    enhance returns
Equity Fund Performance Validations
Equity Funds-Strong & Consistent Performance

                                                        Value
                                      CRISIL CPR        Research
                                      as                Ranking            ET MF tracker
Schemes                               on March 2009     as on April 2009   as on March 2009

UTI Dividend Yield Fund                        1         4                 Platinum Rated

UTI Opportunities Fund                         1         3                 Gold Rated

UTI Nifty Index                                1         4                 NA

UTI Mastershare Unit Scheme                    2         4                 Gold Rated

UTI Master Index Fund                          2         3                 NA




                    Source: Valureresearch,Crisil &
                    ETintelligence website
                    Note: Past performance may or may
                    not be sustained in future
Quartile based Performance

 Based on Annual returns from 1st April 2008 to 31st March 2009
                  Quartile 1        Quartile 2     Quartile 3      Quartile 4
 UTI                    66%                 14%           19%             2%
 Industry               32%                 37%           21%             9%


 80% of UTI Assets are in Quartile 1 & 2

 Based on Quarterly returns from 1st Jan 2009 to 31st March 2009
                  Quartile 1         Quartile 2    Quartile 3      Quartile 4
 UTI                    70%                 25%            3%             2%
 Industry               42 %                17 %          29 %            12 %


 95% of UTI Assets are in Quartile 1 & 2
                 Source: internal
                 Note: Past Performance may or
                 may not be sustained in future
UTI Mutual Fund among awards
UTI Mutual Fund among awards
UTI Mutual Fund among awards
UTI Mutual Fund among awards
UTI Mutual Fund among awards
UTI Mutual Fund among awards
REGISTERED OFFICE: UTI Tower, ‘Gn’ Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. Tel: 66786666. STATUTORY
DETAILS: UTI Mutual Fund has been set up as a Trust under the Indian Trust Act, 1882. SPONSORS: State Bank of India, Punjab National
Bank, Bank of Baroda and Life Insurance Corporation of India (liability of sponsors limited to Rs. 10,000/-). INVESTMENT MANAGER: UTI
Asset Management Co. Ltd. (Incorporated under the Companies Act, 1956). TRUSTEE: UTI Trustee Co. (P) Ltd. (Incorporated under the
Companies Act, 1956). GENERAL SERVICES: Daily NAV, Sale Price / Redemption Price available for Sale / Redemption. RISK
FACTORS: All investment in mutual funds and securities are subject to market risk and the NAV of the funds may go up or down depending
upon the factors and forces affecting the securities markets. There can be no assurance that the scheme objectives will be achieved. Past
performance of the sponsors/Mutual Fund/Scheme(s)/AMC is not necessarily indicative of future results. UTI Top 100 is only the name of
the scheme of UTI Mutual Fund and does not in any manner indicate the quality of the scheme; its future prospects and returns. There may
be instances where no income distribution could be made. Realization of all the assurances and promises made, if any, are subject to the
laws of the land as they exist at any relevant point of time. The schemes are subjected to risk relating to Credit, Interest Rates, Illiquidity,
Judgement Error, Interest Rate Swaps and Forward Rate Agreements. Please contact the nearest UTI Mutual Fund branch, Chief
Representative or AMFI Certified UTI Agent for copy of Key Information Memorandum cum Application Form and Scheme Information
Document (SID). Please read Scheme Information Document ( SID) carefully before investing

Star Fund House of the Year - Equity (ICRA): UTI Mutual Fund has been awarded the “STAR FUND HOUSE OF THE YEAR” by ICRA
Mutual Fund Awards 2009 in the Equity Category. The rank indicates ‘Best Performance’ in the ‘Equity Category’ for one year period ending
December 31, 2008. Out of 24 Mutual fund houses, UTI Mutual Fund has been ranked as the “Star Fund House of the Year” in the equity
category. Methodology: ICRA Mutual Fund (MF) Awards are based on the proprietary ranking methodology devised jointly by ICRA and
ICRA Online Ltd. The ranking process considers only growth oriented open ended equity and debt schemes apart from liquid schemes
where Institutional plans are also considered. The basic eligibility criteria is based on the Average category AUM, and stringent disclosure
norms for portfolio and NAV over one and three year periods. The ranking methodology dynamically factors in the actual investment pattern
rather than on the scheme’s stated objectives. The scoring model for the final ranking, factors norms for Risk-adjusted returns, Average
Maturity, AUM size, Liquidity analysis, Portfolio turnover ratio, Concentration analysis. The rankings are conducted for 26 different
categories over the one-year and three-year horizon.
Best Debt Fund House: Outlook Money NDTV Profit: Award Methodology: This category is subdivided into three: Best Fund House, Best
Equity Fund House and Best Debt Fund House. Two fund houses will be selected in each category: a winner and a runner-up. Short-listing
criteria for fund houses/AMCs. • AUM of Rs 10,000 crore as on 30 June 2008. • At least 40 per cent of the equity funds (or debt funds if the
funds chose to focus only on debt funds) must conform to the tenure and minimum investment eligibility criteria of Outlook Money risk-return
rankings. Alternately, the fund house must have been ranked the previous year. •Minimum track record of three years for all scheme types
except liquid, short-term and long-term floating funds for which the evaluation period was six months. • Rolling-Returns were considered
across categories • Returns are adjusted for risk (downside volatility/Portfolio concentration/strategy/credit quality and average maturity). •
Sector schemes are not considered. • MutualFundsIndia.com database is used for this analysis. Following this, short-listed fund
houses/AMCs were mailed questionnaires to gather specific information, both quantitative and qualitative. Only fund houses/AMCs that
reverted with filled questionnaires competed in these awards. If any question was unanswered, the fund house/AMC was given the lowest
mark against that evaluation parameter. The questionnaires sent to the fund houses/AMCs were based on an evaluation process that
considered the following parameters: • Quantitative. How has the fund house/AMC performed vis-a-vis the category average? How many
schemes are in the top quartile? • Qualitative: The facilities that the fund house/AMC offers and the satisfaction level of investors. Once the
responses came in, they were collated. Final winners were arrived at after assigning weights, as ratified by the jury. • Number of
AMC/Mutual funds in the category for Debt Fund House of the Year : 17.
Golden Peacock Innovative Product/ Service Award: Instituted by the ‘Institute of Directors’ The 'Golden Peacock Innovative Product/
Services Award' named after India's national bird quot;The Peacockquot; will be awarded every year to the most innovative product as determined
by the satisfaction of the customers long term unexpressed and unarticulated needs and aspirations in a most cost effective manner which
is consistent with the society's goal of sustainable development. We believe that innovation is the only way to provide environmentally
friendly products and services that will help us achieve quot;factor 10quot; improvements that are necessary to maintain the same quality of life in
the new century. It has therefore instituted a special award called 'Golden Peacock Innovative Product/ Service Award'. This award will be
given to a product or service, which shows a quantum jump in the exploitation of current technology to achieve maximum customer
satisfaction at minimum cost. While calling for more sustainable pattern of production and consumption, it motivates to carry on their pursuit
of excellence. The Award is designed to encourage systemic innovation in organization to make products and services required in the new
century.
CRISIL Fund Awards: Evaluation methodology: The eligibility criteria and methodology for the CNBC – TV18 CRISIL Mutual Fund of the
Year are as under: Category: Most Innovative Fund of the Year. Eligibility Criteria: Schemes launched in 2000 across asset categories.
Methodology: Schemes are scored on the basis of product concept, marketing and distribution channels, timelines of launch and
mobilization. The scheme with the highest weighted score is the “Most innovative Fund of the Year”.
Value research rating :Is a composite measure of a fund’s return and risk relative to its peers in the category. It is purely qualitative .for
equity and hybrid funds , the fund ratings for the two time periods ( 3 & 5 yrs) are combined. For debt funds, the fund ratings are based on
18 month weekly risk adjusted performance. The equity funds are rated with a minimum performance history of 3 yrs and a debt fund with a
minimum history of 18 months.
Loyalty Awards Instituted by KamiKaze: The Award winners at the 2nd Loyalty Awards were decided by a combination of Consumer
Research undertaken in 6 cities of India by A C Nielsen & from Nominations received. The Loyalty Awards were decided by a Jury who on
basis of the above 2 findings decided the final Award Winners in each category. Around 5000 consumers were interviewed in each city by A
C Nielsen. These consumers were random picked and approached with a ready made questionnaire. There were 5 nominees in the Mutual
Fund Sector and UTI Mutual Fund obtained the top rank
The ET quarterly MF tracker lists MF schemes on the basis of their risk adjusted performance based on a detailed number crunching
exercise carried out by ET intelligence group. Research is in-house while the data has been sourced from ICRA online. The sortino ratio , a
superior risk adjusted measure was used to assess the fund performance. ET takes 3 year performance as the yardstick for the five broad
categories of funds - Equity Diversified, ELSS, Balanced, MIP and Debt. Scheme with similar risk return profile are clubbed . The return
score is arrived at by allotting weights to past three years absolute returns and 40% weights to past one year's return. These weighted
returns are compared with weighted benchmark returns for the period and the resultant figure denotes the return score for the scheme.
They have assumed BSE 500 as the benchmark for equity schemes and risk-free interest by SBI , corresponding to the periods under
consideration as the benchmark for non equity categories. To measure risk , they look downside risk. Downside risk is any return below the
minimum acceptable rate of return( MAR). Benchmarks returns have been taken as MAR. They looked for monthly returns for past three
years. The monthly returns were analysed vis a vis the benchmark returns for that particular month for each of the categories under
consideration. Any underperformances , for each schemes were added. These underperformances signify the risk score for each of the
scheme. The return score is divided by the risk score to arrive the sortino ratio for each of the categories. Higher the sortino ratio, the
better is the fund's performance . The top 10% fund in each category are then classified as quot;Platinum fundsquot; , the next 20% are graded as
quot;Goldquot; while the next 40% are classified as quot;Silverquot;.
Thank You




IMAGINE A HUNDRED TOP PLAYERS
         ON YOUR SIDE

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UTI TOP 100

  • 1. Star Fund House of the Year - Equity presents UTI Top 100 Fund For circulation among agents, distributor and marketing intermediaries
  • 2. Flow of the Presentation • Top 100 Stocks – Attributes • Why Top 100 Stocks • Equity Markets Performance • Scheme Snapshot • Equity Fund Performance Validations
  • 4. Top 100 Stocks - Attributes • Possess strong fundamentals and competitive positioning • Have potential for sustained above average growth in revenues , earnings and cash flows • More likely to better withstand the fluctuations in business cycles • Carry long term growth prospects because of capacity to spend on future business
  • 5. Why Top 100 Stocks
  • 6. Top 100 Stocks For … • Wealth Creation
  • 7. Top 100 Stocks For … • Wealth Creation • Leadership Positions
  • 8. Top 100 Stocks For … • Wealth Creation • Leadership Positions • Greater Liquidity
  • 9. Superior Long Term wealth creation Wealth Created – Last 5 years Indices returns 5 year CAGR in % Nifty 11.3 Sensex 11.7 BSE 100 10.8 Scrips / companies stocks Jindal Steel & power Ltd 63.7 Sesa Goa Ltd 53.1 Crompton Greaves Ltd 41.1 BHEL 38.0 Bharti Air Tel 32.3 Sun Pharma 29.9 Reliance Industries 29.8 Superior Long Term wealth creation Source: internal
  • 10. Superior Long Term wealth creation Wealth Created – Last 10 years Indices returns 10 year CAGR in % Nifty 10.9 Sensex 10.0 BSE 100 11.6 Scrips / companies stocks Sterlite Industries 57.5 Sesa Goa 42.0 Axis Bank Ltd 40.3 Crompton Greaves 37.4 Reliance Industries 31.3 HDFC Bank 30.2 Housing Development finance corporations 29.2 Superior Long Term wealth creation Source: internal
  • 11. Leadership Position Top 100 stocks reflect broad economy… enjoy certain strategic advantages in terms of • Cost Competitiveness • Management Quality • Expansion & Growth Potential • Investment in Innovation and R & D • Growth Sustainability • Relatively more resilient to Business Cycles
  • 12. Greater Liquidity • Top 100 stocks are highly traded in the market • Lower impact cost • Wider ownership from investors like • Retail • MFs • FIIs • DIIs • HNIs & • Corporate Bodies
  • 14. Sensex - Calendar Year Returns Years of Positive Returns Years of Negative Returns Absolute Absolute Absolute Year Returns in % Year Returns in % Year Returns in % 1980 29 1993 29 1986 -1 1981 49 1994 17 1982 4 1997 19 1995 -20 1983 7 1999 64 1996 -1 1984 8 2002 4 1985 93 2003 74 1998 -17 1988 50 2004 12 2000 -21 1989 19 2005 42 1990 28 2006 48 2001 -18 1991 96 2007 47 2008 -52 1992 34 2009 -YTD 21 Positive years - 21Returns Years of Positive Negative Years - Returns Years of Negative 8 Years of positive returns outnumber the years of negative years Source: MFIE
  • 15. Indian Market Performance • Early March’09 marked a significant bottom for global markets • Since then India performed in line with the emerging market average performance • Valuations are reasonable given the relative superior resilience of the Indian economy, given lower dependence on exports
  • 16. India P/E Relative P/E P/E Indian market compared to emerging market global index is attractive in terms of average relative P/ E ( based on estimated P/E) Source: Bloomberg, UTI AMC research
  • 18. Scheme Features Nature of scheme An open ended equity oriented scheme Investment The fund aims to provide long term capital appreciation/dividend objective distribution by investing predominantly in equity and equity related instruments of Top 100 stocks by Market Capitalisation. Asset Allocation Asset Allocation Instruments (% to Net Assets) Risk profile Equity and Equity related instruments of Top 100 stocks by market capitalization 65-100% High Other equity or equity related instruments 0-35% High Debt and Money Market instruments 0-35% Low to Medium including securitised debt * * The fund may invest upto 100% of its debt portfolio in securitised debt.
  • 19. Scheme Features Investment option Dividend (with payout and Reinvestment option) & Growth Min Investment Rs.5000/- Load Structure Application Entry Size Load Exit Load < Rs. 2 Crs 2.25% In respect of each purchase/switch-in of units less than Rs.2 Crs in value, an exit load of 1% is payable if units are redeemed/switched out on or before 180 days from the date of investment Rs. 2 Crs & NIL In respect of each purchase/switch-in of units of Rs.2 Crs & above above in value, an exit load of 0.50% is payable if units are redeemed/switched out on or before 180 days from the date of investment * Nil - entry load for direct investment Benchmark BSE 100 Fund Manager Harsha Upadhyaya
  • 20. Fund invests in … • At least 65% of its corpus in top 100 Indian companies as measured by Market capitalization • Balance in companies other than the Top 100 companies which in the opinion of the fund manger have attractive growth prospects and potential to outperform the broad market indices. • Derivative segment to hedge against volatility and enhance returns
  • 21. Equity Fund Performance Validations
  • 22. Equity Funds-Strong & Consistent Performance Value CRISIL CPR Research as Ranking ET MF tracker Schemes on March 2009 as on April 2009 as on March 2009 UTI Dividend Yield Fund 1 4 Platinum Rated UTI Opportunities Fund 1 3 Gold Rated UTI Nifty Index 1 4 NA UTI Mastershare Unit Scheme 2 4 Gold Rated UTI Master Index Fund 2 3 NA Source: Valureresearch,Crisil & ETintelligence website Note: Past performance may or may not be sustained in future
  • 23. Quartile based Performance Based on Annual returns from 1st April 2008 to 31st March 2009 Quartile 1 Quartile 2 Quartile 3 Quartile 4 UTI 66% 14% 19% 2% Industry 32% 37% 21% 9% 80% of UTI Assets are in Quartile 1 & 2 Based on Quarterly returns from 1st Jan 2009 to 31st March 2009 Quartile 1 Quartile 2 Quartile 3 Quartile 4 UTI 70% 25% 3% 2% Industry 42 % 17 % 29 % 12 % 95% of UTI Assets are in Quartile 1 & 2 Source: internal Note: Past Performance may or may not be sustained in future
  • 24. UTI Mutual Fund among awards
  • 25. UTI Mutual Fund among awards
  • 26. UTI Mutual Fund among awards
  • 27. UTI Mutual Fund among awards
  • 28. UTI Mutual Fund among awards
  • 29. UTI Mutual Fund among awards
  • 30. REGISTERED OFFICE: UTI Tower, ‘Gn’ Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. Tel: 66786666. STATUTORY DETAILS: UTI Mutual Fund has been set up as a Trust under the Indian Trust Act, 1882. SPONSORS: State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India (liability of sponsors limited to Rs. 10,000/-). INVESTMENT MANAGER: UTI Asset Management Co. Ltd. (Incorporated under the Companies Act, 1956). TRUSTEE: UTI Trustee Co. (P) Ltd. (Incorporated under the Companies Act, 1956). GENERAL SERVICES: Daily NAV, Sale Price / Redemption Price available for Sale / Redemption. RISK FACTORS: All investment in mutual funds and securities are subject to market risk and the NAV of the funds may go up or down depending upon the factors and forces affecting the securities markets. There can be no assurance that the scheme objectives will be achieved. Past performance of the sponsors/Mutual Fund/Scheme(s)/AMC is not necessarily indicative of future results. UTI Top 100 is only the name of the scheme of UTI Mutual Fund and does not in any manner indicate the quality of the scheme; its future prospects and returns. There may be instances where no income distribution could be made. Realization of all the assurances and promises made, if any, are subject to the laws of the land as they exist at any relevant point of time. The schemes are subjected to risk relating to Credit, Interest Rates, Illiquidity, Judgement Error, Interest Rate Swaps and Forward Rate Agreements. Please contact the nearest UTI Mutual Fund branch, Chief Representative or AMFI Certified UTI Agent for copy of Key Information Memorandum cum Application Form and Scheme Information Document (SID). Please read Scheme Information Document ( SID) carefully before investing Star Fund House of the Year - Equity (ICRA): UTI Mutual Fund has been awarded the “STAR FUND HOUSE OF THE YEAR” by ICRA Mutual Fund Awards 2009 in the Equity Category. The rank indicates ‘Best Performance’ in the ‘Equity Category’ for one year period ending December 31, 2008. Out of 24 Mutual fund houses, UTI Mutual Fund has been ranked as the “Star Fund House of the Year” in the equity category. Methodology: ICRA Mutual Fund (MF) Awards are based on the proprietary ranking methodology devised jointly by ICRA and ICRA Online Ltd. The ranking process considers only growth oriented open ended equity and debt schemes apart from liquid schemes where Institutional plans are also considered. The basic eligibility criteria is based on the Average category AUM, and stringent disclosure norms for portfolio and NAV over one and three year periods. The ranking methodology dynamically factors in the actual investment pattern rather than on the scheme’s stated objectives. The scoring model for the final ranking, factors norms for Risk-adjusted returns, Average Maturity, AUM size, Liquidity analysis, Portfolio turnover ratio, Concentration analysis. The rankings are conducted for 26 different categories over the one-year and three-year horizon. Best Debt Fund House: Outlook Money NDTV Profit: Award Methodology: This category is subdivided into three: Best Fund House, Best Equity Fund House and Best Debt Fund House. Two fund houses will be selected in each category: a winner and a runner-up. Short-listing criteria for fund houses/AMCs. • AUM of Rs 10,000 crore as on 30 June 2008. • At least 40 per cent of the equity funds (or debt funds if the funds chose to focus only on debt funds) must conform to the tenure and minimum investment eligibility criteria of Outlook Money risk-return rankings. Alternately, the fund house must have been ranked the previous year. •Minimum track record of three years for all scheme types except liquid, short-term and long-term floating funds for which the evaluation period was six months. • Rolling-Returns were considered across categories • Returns are adjusted for risk (downside volatility/Portfolio concentration/strategy/credit quality and average maturity). • Sector schemes are not considered. • MutualFundsIndia.com database is used for this analysis. Following this, short-listed fund houses/AMCs were mailed questionnaires to gather specific information, both quantitative and qualitative. Only fund houses/AMCs that reverted with filled questionnaires competed in these awards. If any question was unanswered, the fund house/AMC was given the lowest mark against that evaluation parameter. The questionnaires sent to the fund houses/AMCs were based on an evaluation process that considered the following parameters: • Quantitative. How has the fund house/AMC performed vis-a-vis the category average? How many schemes are in the top quartile? • Qualitative: The facilities that the fund house/AMC offers and the satisfaction level of investors. Once the responses came in, they were collated. Final winners were arrived at after assigning weights, as ratified by the jury. • Number of AMC/Mutual funds in the category for Debt Fund House of the Year : 17.
  • 31. Golden Peacock Innovative Product/ Service Award: Instituted by the ‘Institute of Directors’ The 'Golden Peacock Innovative Product/ Services Award' named after India's national bird quot;The Peacockquot; will be awarded every year to the most innovative product as determined by the satisfaction of the customers long term unexpressed and unarticulated needs and aspirations in a most cost effective manner which is consistent with the society's goal of sustainable development. We believe that innovation is the only way to provide environmentally friendly products and services that will help us achieve quot;factor 10quot; improvements that are necessary to maintain the same quality of life in the new century. It has therefore instituted a special award called 'Golden Peacock Innovative Product/ Service Award'. This award will be given to a product or service, which shows a quantum jump in the exploitation of current technology to achieve maximum customer satisfaction at minimum cost. While calling for more sustainable pattern of production and consumption, it motivates to carry on their pursuit of excellence. The Award is designed to encourage systemic innovation in organization to make products and services required in the new century. CRISIL Fund Awards: Evaluation methodology: The eligibility criteria and methodology for the CNBC – TV18 CRISIL Mutual Fund of the Year are as under: Category: Most Innovative Fund of the Year. Eligibility Criteria: Schemes launched in 2000 across asset categories. Methodology: Schemes are scored on the basis of product concept, marketing and distribution channels, timelines of launch and mobilization. The scheme with the highest weighted score is the “Most innovative Fund of the Year”. Value research rating :Is a composite measure of a fund’s return and risk relative to its peers in the category. It is purely qualitative .for equity and hybrid funds , the fund ratings for the two time periods ( 3 & 5 yrs) are combined. For debt funds, the fund ratings are based on 18 month weekly risk adjusted performance. The equity funds are rated with a minimum performance history of 3 yrs and a debt fund with a minimum history of 18 months. Loyalty Awards Instituted by KamiKaze: The Award winners at the 2nd Loyalty Awards were decided by a combination of Consumer Research undertaken in 6 cities of India by A C Nielsen & from Nominations received. The Loyalty Awards were decided by a Jury who on basis of the above 2 findings decided the final Award Winners in each category. Around 5000 consumers were interviewed in each city by A C Nielsen. These consumers were random picked and approached with a ready made questionnaire. There were 5 nominees in the Mutual Fund Sector and UTI Mutual Fund obtained the top rank The ET quarterly MF tracker lists MF schemes on the basis of their risk adjusted performance based on a detailed number crunching exercise carried out by ET intelligence group. Research is in-house while the data has been sourced from ICRA online. The sortino ratio , a superior risk adjusted measure was used to assess the fund performance. ET takes 3 year performance as the yardstick for the five broad categories of funds - Equity Diversified, ELSS, Balanced, MIP and Debt. Scheme with similar risk return profile are clubbed . The return score is arrived at by allotting weights to past three years absolute returns and 40% weights to past one year's return. These weighted returns are compared with weighted benchmark returns for the period and the resultant figure denotes the return score for the scheme. They have assumed BSE 500 as the benchmark for equity schemes and risk-free interest by SBI , corresponding to the periods under consideration as the benchmark for non equity categories. To measure risk , they look downside risk. Downside risk is any return below the minimum acceptable rate of return( MAR). Benchmarks returns have been taken as MAR. They looked for monthly returns for past three years. The monthly returns were analysed vis a vis the benchmark returns for that particular month for each of the categories under consideration. Any underperformances , for each schemes were added. These underperformances signify the risk score for each of the scheme. The return score is divided by the risk score to arrive the sortino ratio for each of the categories. Higher the sortino ratio, the better is the fund's performance . The top 10% fund in each category are then classified as quot;Platinum fundsquot; , the next 20% are graded as quot;Goldquot; while the next 40% are classified as quot;Silverquot;.
  • 32. Thank You IMAGINE A HUNDRED TOP PLAYERS ON YOUR SIDE