December 2023* : Seventh Consecutive Month as Number One**, Top Decile** for 34th Straight Month

* Period ending  31st December, 2023   ** Five year period among multicap PMSes

In the month of December, the benchmark S&P BSE 500 TRI has grown by 8.03%.  Against that, Sameeksha PMS (Portfolio Management Service = Separately Managed Accounts) gained 4.0% (net of all fees and expenses) while having cash levels of 17.4% at start of the month and 7.6% at the end of the month.  Sameeksha AIF  (Alternative Investment Fund = “Hedge Fund”)  also gained 3.9% (post expenses pre tax), indicating underperformance.


We summarize key aspects of our performance as follows:

Sr. No.

Vehicle

Particulars

Summary of our performance 
1.

PMS

Aggregate portfolio returns till date3

(Refer Table 1, Table 2 and Figure 1)
  • From inception1 till date3, Sameeksha PMS has delivered an average annualized alpha of 8.3%.
  • For the five year and three year periods4. Sameeksha PMS has delivered annualized returns of 31.2% and 32.2% respectively.
  • For the five year and three year periods4 Sameeksha PMS has delivered annualized alpha of 16.0% and 20.2% respectively.               
2.

AIF

Aggregate fund returns till date3

(Refer Table 10, Table 11 and Table 12)
  • From inception2 till date3, Sameeksha AIF has delivered annualized returns of 29.5% and an annualized alpha of 15.1%.
3.

PMS

Fund performance on a rolling periods basis

(Refer Table 3, Table 4 and Table 5)
  • Five year rolling periods since inception
    • Alpha delivered 100% of
      the time       (i.e 34 out of 34 observations)
    • Median alpha ~ 7%
  • Three year rolling periods since inception
    • Alpha delivered 96% of the time (i.e 55 out of 57 observations)
    • Median alpha ~ 9%        
  • For the rolling five year periods (34 observations), we have been in the Top Quartile and Top Decile 100% of the time. 
  • For the rolling three year periods (57 observations), we have been in the Top quartile 93% of time and Top Decile 61% of the time. 
4.

PMS

Risk Adjusted Ratios: Lower risk, Higher Return

(Refer Table 6)
  • Our portfolio beta (0.9) has been lower than the benchmark, and our returns have been higher than the benchmark since inception, implying superior risk adjusted performance.
5.

AIF

Risk Adjusted Ratios: Lower risk, Higher Return

(Refer Table 13)
  • Our portfolio beta (0.5) has been lower than the benchmark, and our returns have been higher than the benchmark since inception, implying high risk adjusted performance.

6.                  
 

PMS

PMS Universe rankings

(Refer Table 7)
  • Among multicap PMSes reporting their performance to PMS Bazaar and having AUM of more than INR 100 crs, Sameeksha is ranked 1st out of 60 funds for the performance over the five year period and 15th out of 77 PMSes for the performance over the three year period4.
  • Further, among multicap PMSes disclosing their names and performance on the website of Association of Portfolio Managers of India (APMI) and having AUM more than INR 100 crs, Sameeksha is ranked 1st out of 52 funds for the performance over the five year period.

7.

AIF

AIF Universe rankings

(Refer Table 14)
  • Among Long Only Category III AIFs reporting their performance to PMS Bazaar, Sameeksha is ranked 5th out of 57 AIFs, and are in Top Decile for one year period4.

8. 

PMS

Returns of Individual portfolios

(Refer Figure 2)
  • As Sameeksha PMS does not follow a model portfolio approach, tracking individual client performance becomes more relevant. 
  • All the clients with an age of
    account from less than six months to more than seven years have
    realized annualized alpha, with an average of 9.5%. 
  • About 67% of our assets under management can be attributed to clients who have a tenure of seven years or more with us.

9.

PMS

Performance across pre, during and post Covid periods

(Refer Table 8)
  • Between June 30, 2022 till date3, (Post Covid Period) delivered annualized alpha of 16.8%
  • Between February 29, 2020 and June 30, 2022, (Covid Period) delivered annualized alpha of 8.3%
  • From inception (1st April 2016) till February 29, 2020 (Pre-Covid Period), delivered annualized alpha of 3.1%

10.

PMS

Portfolio performance on a Financial Year basis and
Calendar Year basis 

(Refer Figure 3 and Figure 4)
  • Delivered alpha (outperformance over the benchmark5) in six out of eight financial years including the current incomplete FY2024. 
  • Aggregate annual alpha over all the eight financial years ~ 62.4% 
  • Delivered alpha (outperformance over the benchmark5) in five out of eight calendar years including the current incomplete CY2023. 
  • Aggregate annual alpha over all the eight calendar years ~ 65.3%     

1. Inception is 01/04/2016  2. Inception is 10/02/2022 3. As on 31st December, 2023 4. Period ending 31st December, 2023 5. Benchmark is BSE500TRI 


 PMS Performance and other details

Three important things must always be kept in mind when looking at performance data. First, for funds such as ours that do not follow model portfolio strategy, the performance of individual clients for different duration is important to look at. Second, some PMSes may be charging fees outside the PMS and hence after fees, performance data may not be comparable to ours. Third, it is important to look at not only portfolio returns but also risk adjusted ratios. We provide data to address all three points later in this note

Aggregate Portfolio Returns over various time periods

Sameeksha PMS has delivered a substantial aggregate annual alpha of 62.4% over BSE500 TRI over the eight financial years (including the current incomplete financial year) implying an average alpha of 7.8% since inception (Table 1).

Table 1: Key data on alpha generation over eight2 financial years since inception1

Key Indices

Aggregate alpha generated %

Average alpha generated%

% times alpha generated over 8 FYs

BSE500 TRI

62.4

7.8

75%

1. Inception Date 1/4/2016 2. Current financial year upto 31st December, 2023

 

It is important to note that we have maintained relatively higher levels of cash (13.2% on average over the entire period from inception) from time to time over the duration of managing the portfolio. Notwithstanding the same, from inception, over five years  and over three years respectively, we have generated returns of 23.8%, 31.2% and 30.7% in INR terms and 20.2%, 26.6% and 25.1% in USD terms thus generating substantial alpha over the  Indian benchmark BSE500 TRI returns and SPY ETF (ETF tracking US S&P 500 index), respectively. Also, we have delivered strong returns relative to benchmark across various key time periods (Table 2 and Figure 1).


Table 2: Portfolio performance since inception

Period

Portfolio Return % (INR) 1 2

 (A)

Benchmark Returns4 % 

(B)

Alpha vs the Benchmark4%
(A-B)

Portfolio Returns % (USD) 

(C)

US Market5 % (D)

Alpha vs US Market5 %
(C-D)

Average Cash Levels

Since inception3

23.8

16.8

7.0

20.2

11.3

8.9

13.2

5 Years

31.2

17.6

13.5

26.6

13.7

12.9

9.8

3 Years

30.7

20.4

10.2

25.1

8.3

16.8

10.3

2 Years

22.7

15.2

7.5

16.0

0.0

16.0

11.4

1 Year

53.5

26.5

27.0

52.6

24.3

28.3

11.4

6 Month

32.3

18.5

13.8

53.4

16.1

37.3

10.1

3 Month

14.1

12.4

1.8

30.5

8.5

22.0

13.9

1 Month

4.0

8.0

-4.0

13.8

11.2

2.6

7.6

1. Post Fees and Expenses, 2. Aggregate Portfolio , 3. From Inception (1/4/2016) till 31st December, 2023 4. S&P BSE500TRI 5. SPY ETF

 

 

Aggregate Portfolio Performance and ranking on a rolling periods basis

 

Rolling returns are a more useful indicator of consistency in performance versus single period returns. For rolling three year periods applicable to our entire operating history, Sameeksha PMS has delivered aggregate annualized alpha 96% of the times (55 out of 57 observations) ranging from 0.4% to 23%. For the rolling five year periods applicable, Sameeksha PMS has delivered aggregate annualized alpha 100% of the time (34 out of 34 observations) ranging from 5% to 16% (Table 3).

Table 3: Number of times alpha1 generated over rolling five and three year periods

Particulars

Rolling Five Year periods

Rolling Three Year periods

Number of observations 2

34

57

Number of times alpha generated

34

55

% times alpha generated

100%

96%

Median annualized alpha

7%

9%

Maximum annualized alpha

16%

23%

Minimum annualized alpha

5%

0.4%

1. For this calculation, alpha is calculated over BSE500 TRI

For rolling three year periods applicable to our entire operating history, we have been ranked among the multicap universe in the Top Decile 61% of the time (35 out of 57 observations) and in the Top Quartile 93% of the time (53 out of 57 observations). For the remaining 7% observations, we were ranked in the Second Quartile (Tables 4 and 5).  For rolling five year periods applicable to our entire operating history, we have been ranked among the multicap universe in the Top Decile 100% of the time (34 out of 34 observations).

Table 4 : Decile distribution of our rank within the Multicap PMS universe on a rolling basis since April 2019

Particulars

Five years

Three years

One year

Number of Observations

34

57

57

Top Decile1

100%

61%

46%

9th Decile2

0%

28%

21%

8th Decile

0%

7%

12%

7th Decile

0%

2%

2%

6th Decile

0%

2%

7%

5th Decile

0%

0%

4%

4th Decile

0%

0%

5%

3rd Decile

0%

0%

4%

Total

100%

100%

100%

1. Top Decile = in top 10%,  outperformed 90% of the funds 2.. 9th Decile = in top 20%, outperformed 80% of the funds

Table 5: Quartile distribution of our rank within the Multicap PMS universe on a rolling basis since April 2019

Particulars

Five Years

Three Years

One Year

No. of Observations

34

57

57

Top Quartile 1

100%

93%

74%

2nd Quartile 2

0%

7%

19%

3rd Quartile

0%

0%

4%

4th Quartile

0%

0%

4%

Total

100%

100%

100%

1. Top Quartile = in the top 25%, i.e. outperformed 75% of the funds 2. 2nd Quartile = in the top 50% i.e. outperformed 50% of the funds

 

Risk Adjusted Ratios: Not all returns are the same, Higher Returns at lower Risk

 

When compared on a risk-adjusted basis, our PMS shows an even stronger performance with a risk-adjusted alpha generation of 7.0% over the broader market benchmark since its inception. While our portfolio beta has been materially lower than our benchmark, our returns have been higher than the benchmark since inception, implying superior strong risk adjusted returns. 

Furthermore, other risk-adjusted returns – Sharpe ratio and Treynor ratio, are also significantly higher than the benchmark (Table 6).  

Table 6: Risk-Adjusted Performance Ratios 1

Performance Indicators

V/s Benchmark2

Portfolio

Index

Jensen’s Alpha (x)

7.0

0.0

Treynor Ratio (x)

25.0

17.4

Sharpe Ratio (x)

1.3

1.0

CAPM Beta(x)

0.9

1.0

1. From Inception (1/4/2016) till 31st December, 2023 2. S&P BSE500TRI

 

Performance within the PMS Universe

 

We continue to maintain our top rankings both within the multicap PMS universe as well as the entire PMS universe for key periods of three and five years. The multicap PMS universe rankings are more relevant to us since we follow the multicap strategy.

In the interest of a fair comparison, we present our rankings among those multicap PMSes with AUM more than INR 100 crs. Within this universe, we are 1st out of 60 PMSes for the five year period  and  15th out of 77 PMSes for three year period, highlighting our superior performance over the long term periods (Table 7). Among the multicap universe (considering all AUM), we are consistently ranked in the Top Decile for the five year period for all 34 out of 34 observations reflecting well on the consistency of our performance.

Table 7: Comparison with PMS Multicap Universe as of 31st December 2023

Fund or Category / Returns Generated 1 2

Five year (%)

Three year (%)

Two year (%)

One year (%)

Sameeksha PMS

31.2

30.7

22.7

53.5

Multicap Universe Average

19.5

22.9

15.5

35.1

Decile Rank within the Multicap Universe

Top Decile

9th Decile

9th Decile

Top Decile

Percentile Rank within the Multicap Universe

Top 1%

Top 19%

Top 18%

Top 7%

Rank within the Multicap Universe 3 4 5 6

1st out of 60

15th out of 77

16th out of 86

7th out of 87

1. Post fees and expenses 2. Aggregate Portfolios 3. 60 Funds 4. 77 Funds 5. 86 Funds 6. 87 Fund

 

Returns of Individual Portfolios

Because we don’t follow model portfolio strategy, the performance of individual clients is far more important than overall portfolio aggregate returns  (Figure 2). For investors who are with us for 3 years and more, Sameeksha PMS has returned a very substantial alpha with an average annualized alpha of approx. 9.5% for the three year period ending 31st December, 2023. Similarly, for investors who are with us for 5 years or more, Sameeksha PMS has returned substantial alpha with an average annualized alpha of approx. 14.1% for the five year period ending 31st December, 2023.  The Figure below shows the average annualized returns and alpha over different periods of time of all the clients as on 31st December, 2023. 


Performance Of PMS Over The Covid Timeline (Pre, During, And Post)

The Covid Pandemic induced significant volatility in the equity markets. Hence, it is useful to look at the performance across three time slices : Pre Covid, During Covid and Post Covid. Sameeksha PMS has outperformed the benchmark across all of these three time periods with meaningful alpha (Table 8). This consistency of performance may be an important factor in comparing us with the other funds.

Table 8: Absolute and Annualised returns1 – Pre, During, and Post Covid

Duration

Absolute Portfolio Returns(%) 

(A)

Absolute Benchmark Returns2 (%) 

(B)

Alpha % 

(A-B)

Annualised Portfolio Returns (%) 

(C)

Annualised Benchmark Returns2 (%)

(D)

Alpha % 

(C-D)

01.07.2022 to 31.12.2023 (Post Covid)

76.2

46.8

29.4

46.1

29.3

16.8

01.03.2020 to 30.06.2022 (During Covid)

76.0

50.4

25.6

27.5

19.1

8.3

01.04.2016 to 29.02.2020 (Pre Covid)

67.6

50.6

17.0

14.1

11.0

3.1

1. Post fees and expenses 2. S&P BSE500TRI

 

Aggregate Portfolio Performance on a financial year and calendar year basis

 

For the month of December, Sameeksha PMS has underperformed the benchmark BSE 500 TRI by generating 4.0% returns against the benchmark BSE500TRI returns of 8.0%.  For Financial Year 2023-24 till date, we have outperformed BSE500 TRI by 21.3%. Looking at our performance over the financial years (Figure 3), we have outperformed our benchmark in six out of eight financial years (including the current incomplete financial year). Key however is that the sum of outperformance of 72.1% in those six years far exceeds the sum of underperformance of 9.8%  in the remaining two  years. Furthermore, if we are able to sustain the outperformance achieved so far in this financial year for the rest of the year, it will become a streak of five consecutive years of generating alpha.

 


For the calendar year 2023, we are outperforming the benchmark BSE500 TRI by 27.0%. We have outperformed the benchmark in five out of eight calendar years and the sum of outperformance of 81.8% in five years far exceeds the sum of underperformance of 16.5%  in the remaining three  years. (Figure 4)


It is important to note that we delivered this alpha despite maintaining an average cash level of 13.2% across the eight financial years.

 

Cumulative Performance versus the benchmark

 

Sameeksha PMS’s outperformance over its benchmark has continued to widen positively over the years. An investment of Rs. 100 with us since inception (April 2016) would have grown to Rs. 523 , far outpacing what one would have earned by investing in a fund that achieved benchmark returns (Figure 5).

 


Analyzing the sector performance during the month

 

During the month, sectors that showed growth in the indices include Bank, IT,  Automobile & Ancillaries and Healthcare . For Sameeksha PMS, Aviation, Bank, Gas Transmission and Trading sectors were major outperformers compared to the benchmark. However, what hurt us is the lack of sufficient exposure towards the Crude Oil and Power where we missed out on participating in the upturn. Below is the attribution analysis for the month of December 2023  (Table 9).

 

Table 9: Sectorwise Attribution Analysis for the month ending December 2023

Sector

Portfolio Contribution

Benchmark Contribution1

Difference

Aviation

0.58%

0.03%

0.55%

Bank

1.21%

0.97%

0.24%

Gas Transmission

0.24%

0.05%

0.19%

Trading

0.20%

0.03%

0.17%

Media & Entertainment

0.14%

0.01%

0.13%

Chemicals

0.31%

0.20%

0.11%

Textile

0.08%

0.01%

0.07%

Diamond & Jewellery

0.10%

0.08%

0.02%

Paper

0.00%

0.00%

0.00%

Ratings

0.00%

0.00%

0.00%

Ship Building

0.00%

0.01%

-0.01%

Business Services

0.00%

0.01%

-0.01%

Abrasives

0.00%

0.01%

-0.01%

Consumer Durables

0.00%

0.02%

-0.02%

Plastic Products

0.00%

0.02%

-0.02%

Miscellaneous

0.00%

0.02%

-0.02%

Alcohol

0.00%

0.02%

-0.02%

Inds. Gases & Fuels

0.00%

0.03%

-0.03%

Agri

0.00%

0.03%

-0.03%

Electricals

0.00%

0.04%

-0.04%

Diversified

0.00%

0.04%

-0.04%

Mining

0.00%

0.05%

-0.05%

Logistics

0.00%

0.05%

-0.05%

Retailing

0.18%

0.24%

-0.06%

IT

0.64%

0.70%

-0.06%

Non – Ferrous Metals

0.00%

0.08%

-0.08%

Realty

0.07%

0.17%

-0.10%

Construction Materials

0.00%

0.11%

-0.11%

Finance

0.25%

0.36%

-0.11%

Healthcare

0.45%

0.59%

-0.14%

Infrastructure

0.00%

0.19%

-0.19%

Telecom

0.00%

0.22%

-0.22%

Iron & Steel

-0.03%

0.20%

-0.23%

FMCG

-0.02%

0.25%

-0.27%

Capital Goods

-0.02%

0.30%

-0.32%

Insurance

-0.18%

0.15%

-0.33%

Power

0.00%

0.35%

-0.35%

Hospitality

-0.39%

0.05%

-0.44%

Crude Oil

0.00%

0.50%

-0.50%

Automobile & Ancillaries

0.14%

0.65%

-0.51%

1. BSE500TRI

 

AIF Performance and other details

 

Aggregate Fund Returns over various time periods 

Since inception, we have maintained relatively higher levels of cash (20.4% on average over the entire period from inception) from time to time over the duration of managing the fund. Notwithstanding the same, from inception and over one year, we have generated returns of  30.7% and 54.2% in INR terms and 24.1% and 53.3% in USD terms beating the benchmark BSE500 TRI returns and ETF tracking S&P 500 index, respectively after fees before taxes. (Table 10).

 

Table 10: Sameeksha AIF performance in different periods since inception

Particulars

Fund Returns12 % (INR) 

(A)

Benchmark Returns4% 

(B)

Alpha vs the Benchmark 4% (A-B)

Fund Returns % (USD) 

(C)

US Market5 (%) (D)

Alpha vs US Market5(%) 

(C-D)

Average Cash level%

Since inception 3

30.7

15.6

15.1

24.1

3.0

21.1

20.4

1 year

54.2

26.5

27.7

53.3

24.3

29.0

7.6

6 Months

32.4

18.5

13.9

30.5

8.5

22.0

6.9

3 Months

14.5

12.4

2.1

14.4

11.2

3.1

10.2

1 Month

3.9

8.0

-4.1

4.0

4.1

-0.1

2.6

1. Post Fees and Expenses, 2. Aggregate Portfolio , 3. From Inception (1/4/2016) till 31st December, 2023 4. S&P BSE500TRI 5. SPY ETF

 

Aggregate Fund Performance on a financial year and calendar year basis

For the month of December, Sameeksha AIF has underperformed the benchmark BSE 500 TRI by generating 3.9% returns against the benchmark BSE500TRI returns of 8.0%.  Looking at our performance over the financial years (Table 11), we have outperformed our benchmark in FY 2023 and we continue to outperform in the current incomplete FY 2024. For the financial year 2024 till date, we have positioned ourselves well by outperforming the benchmark BSE500 TRI by 20%.

Table 11: Financial year wise fund performance since inception

Particulars

Portfolio Returns3 %

Benchmark Returns4 %

Alpha vs the Benchmark4 %

FY241

54.1

34.1

20.0

FY232

5.4

-0.9

6.3

1. From 1st April, 2023 to 31st December, 2023 2. Since Inception (10/02/2023) till 31st March, 2023 3.  Post Fees Pre Tax  4. S&P BSE500TRI

 

For the calendar year 2023, we have outperformed the benchmark BSE500 TRI by 27.7%. Despite being a new fund with gradual deployment of cash, we were still able to produce alpha for calendar year 2022 and outperformed the benchmark BSE500 TRI by 3.6%. (Table 12)

 

Table 12: Calendar year wise fund performance since inception

Particulars

Portfolio Returns3 %

Benchmark Returns4 %

Alpha vs the Benchmark4 %

CY231

54.2

26.5

27.7

CY222

7.4

3.8

3.6

1. From 1st January, 2023 to  31st December, 2023 2. Since Inception (10/02/2023) till 31st December, 2023 3.  Post Fees Pre Tax  4. S&P BSE50TRI

 

Risk Adjusted Ratios

When compared on a risk-adjusted basis, our AIF shows an even stronger performance with a risk-adjusted alpha generation of 15.4% over the broader market benchmark since its inception. While our portfolio beta has been materially lower than our benchmark, our returns have been higher than the benchmark implying superior strong risk adjusted returns. 

Furthermore, other risk-adjusted returns – Sharpe ratio and Treynor ratio, are also significantly higher than the benchmark indices (Table 13).

Table 13 : Risk Adjusted ratios 1

Particulars

Portfolio

Benchmark2

Jensen’s Alpha (x)

15.4

0.0

CAPM Beta (x)

0.5

1.0

Sharpe Ratio (x)

2.3

1.0

Treynor (x)

43.8

15.4

1. Since inception ( 10.02.2022) to 31st December 2023 2. S&P BSE500TRI 

 

Performance within the AIF Universe

We present our rankings among Long Only Category III AIFs. For the period ending 31st December, 2023, we are ranked 5th out of 57  AIFs (Gross Returns = Before Expenses, Fees and Taxes)  (Table 14), or Top Decile. Because there is a lot of divergence in the way funds report their returns (post exp & tax; post exp, pre tax; gross returns; and post exp & tax pre perf. fees & tax) , we are doing comparison on a gross return basis to cover the entire applicable universe of funds.

Table 14 :Comparison of Sameeksha AIF with Long Only AIFs

Returns Generated

1 year

Sameeksha AIF

58.0%

Average

37.4%

Median

35.3%

Median Among Top 5 AIFs

72.0%

Sameeksha AIF Rank within the Multicap Category

5th out of 57

Sameeksha AIF Decile 1 Rank within the Universe

Top Decile

Sameeksha AIF Percentile Rank

Top 8%

1. Top Decile = in top 10%, outperformed 90% of the funds, 9th Decile = in top 20%, outperformed 80% of the funds

Cumulative Performance versus the benchmark

Sameeksha AIF’s outperformance over its benchmark has continued to widen positively since inception. An investment of Rs. 100 with us since inception (Feb 10,2022) would have grown to Rs. 166, far outpacing what one would have earned by investing in a fund that achieved benchmark returns (Figure 6).


Analyzing the sector performance during the month

During the month, sectors that showed growth in the indices include Bank, IT, Automobile & Ancillaries and Healthcare. For Sameeksha AIF, Aviation, Gas Transmission, Trading and Media & Entertainment were major outperformers compared to the benchmark. However, what hurt us is the lack of sufficient exposure towards the Crude Oil and Power where we missed out on participating in the upturn. Below is the attribution analysis for the month of December 2023 (Table 15).

 

Table 15: Sectorwise Attribution Analysis for the month ending December 2023

Sector

Portfolio Contribution

Benchmark Contribution1

Difference

Aviation

0.50%

0.03%

0.47%

Gas Transmission

0.21%

0.05%

0.16%

Trading

0.17%

0.03%

0.14%

Media & Entertainment

0.10%

0.01%

0.09%

Textile

0.09%

0.01%

0.08%

Chemicals

0.26%

0.20%

0.06%

Bank

1.00%

0.97%

0.03%

Diamond & Jewellery

0.11%

0.08%

0.03%

Paper

0.00%

0.00%

0.00%

Ratings

0.00%

0.00%

0.00%

Ship Building

0.00%

0.01%

-0.01%

Business Services

0.00%

0.01%

-0.01%

Abrasives

0.00%

0.01%

-0.01%

Consumer Durables

0.00%

0.02%

-0.02%

Plastic Products

0.00%

0.02%

-0.02%

Miscellaneous

0.00%

0.02%

-0.02%

IT

0.68%

0.70%

-0.02%

Alcohol

0.00%

0.02%

-0.02%

Inds. Gases & Fuels

0.00%

0.03%

-0.03%

Agri

0.00%

0.03%

-0.03%

Electricals

0.00%

0.04%

-0.04%

Diversified

0.00%

0.04%

-0.04%

Mining

0.00%

0.05%

-0.05%

Logistics

0.00%

0.05%

-0.05%

Retailing

0.16%

0.24%

-0.08%

Non – Ferrous Metals

0.00%

0.08%

-0.08%

Construction Materials

0.00%

0.11%

-0.11%

Realty

0.05%

0.17%

-0.12%

Finance

0.24%

0.37%

-0.13%

Healthcare

0.44%

0.59%

-0.15%

Infrastructure

0.00%

0.19%

-0.19%

Telecom

0.00%

0.22%

-0.22%

Iron & Steel

-0.02%

0.20%

-0.22%

Insurance

-0.08%

0.15%

-0.23%

FMCG

-0.02%

0.25%

-0.27%

Capital Goods

-0.02%

0.30%

-0.32%

Power

0.00%

0.35%

-0.35%

Crude Oil

0.00%

0.50%

-0.50%

Automobile & Ancillaries

0.14%

0.65%

-0.51%

Hospitality

-0.49%

0.05%

-0.54%

1. BSE500TRI

 

Disclaimer – The information contained in this update is provided by our fund accounting platform and is not audited.