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:

  1. EW MF Benchmarking & Ranking Tool segregates various MF scheme in following Asset category: Liquid Fund, Income Fund, Arbitrage Fund, Equity Fund and Gold Fund
  2. There exists EW wealth index for each of these asset categories for benchmarking purpose.
  3. 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.
  4. 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)
  5. Further score is assigned on the basis of corpus size, industry concentration, company concentration and fund manager pro-activeness.
  6. 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

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    Amid all the news, views and counter views around acchey din, it is a fact that BJP government has initiated some strong structural measures to improve Indian economy since coming to power in 2014.

    Jan 2 2016
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    May 17, 2014
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    Post 3rd quarter results and poor GDP numbers, we have made changes in our Sensex EPS and market assumptions. We have reduced our FY14 Sensex EPS assumption by 3% to 1329. This changes our fair value Sensex estimate for calendar year 2013 from 22, 627 to 21,930.

    Mar 06,2013
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    At the beginning of 2012 our basic view was the Indian Stock Market was trading at a cheap valuation of 13 and a rally was evident at that level of valuation. Indian Equity Market are now trading close to Sensex 19,500 levels and is up by 27% in 2012.

    Jan 6,2013
  • Has Risk-Off entered in a Bubble Zone?

    Lately there been a headline shocker here in India, when Q4FY12 growth came at 5.3%. Though for market, it was an anticipated event and so market reaction to the news was highly indifferent. As we have said in the past, market movement at least in near term will be influenced globally by events happening in Euro-Zone.

    Jun 2, 2012
  • India- The most leveraged bet on global risk-on and risk-off

    Last month, RBI was full in its policing action in Indian financial markets to introduce liquidity and contain the Rupee depreciation; RBI took a bold step and bought around US$2.3bn of government bonds.

    May 30,2012
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