EW MF Ranking
The last decade has seen the rapid growth in capital market related investments in India. Large part of this flow has been into various mutual fund schemes through financial intermediaries. These investment has grown at over 50% CAGR over 2003-07 with MF corpus rising from Rs. 1,48,368 crores as on 2003 to Rs 5,49,942 crores at the end of 2007. Still this constitutes only 6% of Indian household savings. It is suggested that investment into MF schemes will grow by 7.5 times over 2007-11. This represents excellent business opportunity to financial intermediary community. But there exists challenges along with this opportunity.
Traditionally financial intermediation in India has been led by transaction facilitation activity. But with increase in number of schemes and their complexity an intermediary requires strong research capability to bootstrap itself from role of transaction facilitator to financial advisor.
Eastwind with its strong research capability is fully geared to back end leading financial intermediary. By outsourcing the major aspects of this function, intermediary can spend more time addressing other critical operational needs.
Our product MF Benchmarking and Ranking is aimed to fulfill research requirements of financial intermediary. MF Benchmarking and Ranking product helps in all aspect of MF research from Asset class division to Benchmarking performance to analyzing existing MF portfolio of clients to ranking various MF schemes to building model portfolio. We at Eastwind also handle research training needs of financial intermediary.
Features of EW MF Benchmarking & Ranking Tools:
- EW MF Benchmarking & Ranking Tool segregates various MF scheme in following Asset category: Liquid Fund, Income Fund, Arbitrage Fund, Equity Fund and Gold Fund
- There exists EW wealth index for each of these asset categories for benchmarking purpose.
- Return of each scheme with two years NAV history under each asset class in two time frame (weekly for last 12 weeks and quarterly for last 2 years) is calculated and ranked.
- Surprise score is calculated for each scheme and assigned. (Surprise score relates to how far scheme return had been from mean of all scheme return put together)
- Further score is assigned on the basis of corpus size, industry concentration, company concentration and fund manager pro-activeness.
- Each Scheme post ranking is analyzed on the basis of its qualitative fundamental characteristic such as in case of equity MF scheme on P/E, Sales growth, ROE, Pat growth, P/B etc.
Investment Updates & Perspectives
- Lack of Trading Interest Sign of More Pain Ahead or Sign of Limited Downside
Last week, Nifty fell by 1.8% and closed at 5209. Noticeable development was on Thursday. Last Thursday was F&O expiry day and on that day market remained range bound and difference between high and low of Nifty
Apr 27,2012 - General Budget: Story moves from De Coupling to Re Coupling.
Last week was event heavy week for Indian economy with RBI credit policy and Budget. In RBI credit policy interest rate was kept unchanged. It’s disturbing to see RBI Governor frequently changing its policy stand on reducing interest rate.
Mar 17,2012 - Signal amid event heavy week.
Last week Nifty traded sideways with week on week decline of 0.48%. First half of the week was volatile and down owing to state election result though smart rally of nearly 2% on Friday
Mar 10,2012 - Enabling criteria for Bull Case Going Forward.
Last week saw mean reversion in financial markets. Whereas emerging equities fell in general after sharp rise of prior week, commodity rose after sharp fall of prior week. Nifty for the week fell by 2.43%, commodities went up
Feb 25,2012 - Underlying Fundamental Supports. Sustainability of Rally in India.
Last week saw global market getting further momentum. Indian continued being among the best performing market globally with Nifty going up 3.39%, only behind Japan where Nikkei went up by 4.88% and Hong Kong as Hang sang index went up by 3.41%.
Feb 18,2012 - January Rally: A bear market rally or a new Bull market?
Last week, Greece's crucial international bailout was put on hold, by its partners in the 17-nation eurozone. For the week, Nifty and all the Asian market were up by a percent,
Feb 11, 2012