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Understanding MNYL Funds: Philosophy, Performance, and Investment Strategies

In this comprehensive session, participants will gain valuable insights into MNYL Funds' investment philosophy and the functioning of its investment team. By the end, attendees will be able to analyze funds using technical and fundamental aspects, understand asset class dispersion, and answer queries related to performance indicators. The session will cover the dynamics of equity, debt, and money market investments, exploring model equity portfolios and performance benchmarks to equip participants with the knowledge needed for effective investment decisions.

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Understanding MNYL Funds: Philosophy, Performance, and Investment Strategies

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  1. MNYL Funds An Insight

  2. Performance Objective • By the end of the session the participants will be able to • Describe the Philosophy of MNYL Funds • Establish functioning of MNYL Investment Team • Analyze a Fund on Technicals and Fundamentals • Answer queries related to MNYL Funds from field resources

  3. Asset Class Dispersion Assets Under Management 3126 Cr

  4. Investment Team

  5. Fund Philosophy

  6. Investment Indicators (Debt) Sub investment grade BB Speculative B Highly Speculative CCC Poor D In default NR Not Rated Investment grade AAA Best quality AA High quality A Upper medium BBB Lower Medium Cash and Equivalents  Cash and money market instruments

  7. Investment Indicators (Equity) • Value Stocks • Fundamentally strongest stocks that are Key market/economy drivers • Generally large caps with a proven dividend history • Core sectors and Infra based stocks that form a part of Indices • Short term and long term horizons taken into consideration • Growth Stocks • Tracked individually based on Research and Recommendation • Part of the portfolio to ride the volatility wave • Strong short term upside potential with profit booking • Strongly linked to market sentiment and seasonality

  8. Fund Management Process • Departmental Functions • Front office: Responsible for investment decisions • CFO  Fund Manager  Analyst (Sector / Industry Expert) • Mid Office: Responsible for compliance issues • Regulator Issues  SEBI Directives  Sectoral / Company Exposure • Floor and Ceiling limits for investments in equities, bonds, MMI, GS etc • Min Ratings of investments in bonds; • Market capitalization in case of equity investments; etc. • Back Office: Settlement of investment deals and maintains accounts • Deal Settlement  Brokerage Quotes  NAV Calculation  Accounts • Dealers: Broking houses of Debt and Equity also offer recommendations

  9. Model Equity Portfolio • Research based investment tool for Equity, Pension and Debt Funds • Signifies investment parameters • Proportional allocation to Sectors • Proportional allocation to companies within the sector • Constructed specifically for investment philosophy of underlying fund • Endeavour is to keep actual portfolio closest to MEP

  10. Growth Super V/s High Growth • High Growth • Slightly less diversification with almost 40 stocks aiming at growth • Fundamentally strongest stocks in the core sectors • Select midcap stocks chosen to give that punch of upside with immediate profit booking • Core sectors and Infra based stocks that form a part of Indices • Short term and long term horizons taken into consideration • Growth Super • Large diversification of Equity Portfolio in terms of No. of Scrips (Around 60 Scrips) • Concentration towards Blue Chip and strong value stocks with high dividend yields as well • Strong short term upside potential with profit booking • Strongly linked to market sentiment and seasonality

  11. Dynamic Opportunities Fund • No constraint on asset classes • Gives flexibility to the fund manager • Aim of fund manager is to generate NAV growth on a daily basis • Offers wide range of risk appetite • Allows 100% exposure in equity or 100% in debt • Highest possibility of riding the volatility wave • Ideal for the less savvy investor • Usage of multiple debt instruments without any restrictions

  12. Fund performance since inception Period: 54 Months

  13. Since Launch of Growth Super Fund

  14. Growth Super Portfolio

  15. Performance V/s Benchmark The Following Benchmarks are used for evaluating the performance of funds.

  16. MNYL FUND RETURNS AS ON 16-Mar-09 NIFTY Fund Return Benchmark Return Funds vs Bench Mark Return Fund Name Since Since Since YTD Last 1 year YTD Last 1 year YTD Last 1 year inception inception inception SECURE -1.7% 13.8% 7.4% -1.9% 10.6% 7.0% 0.2% 3.2% 0.5% CONSERVATIVE -1.8% 3.3% 9.2% -2.2% 2.8% 7.3% 0.4% 0.4% 1.9% BALANCED -1.7% -7.5% 11.2% -3.0% -13.4% 8.0% 1.2% 5.9% 3.2% GROWTH -3.6% -19.8% 14.7% -4.4% -28.9% 9.3% 0.8% 9.1% 5.4% GROWTH SUPER -5.5% -33.7% -13.0% -6.1% -41.5% -21.6% 0.7% 7.7% 8.6% Performance V/s Benchmark

  17. MNYL Fund Performance

  18. Fundamentals of Fund Analysis • Investment Objective • Portfolio • Assets under management • Diversification Matrix (Is your fund really diversified?) • Benchmarking (Is the indexation right?) • Spread

  19. Question time??? Thank You

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