Canara Robeco Value Fund NFO

Canara Robeco Value Fund is an open-ended equity scheme which will follow a value investment strategy. The fund intends to take significant exposure into equities and aims to generate long-term capital appreciation from a diversified portfolio in the Indian markets with higher focus on undervalued companies.

• The fund tries to find companies which are trading at a discount to their ‘Intrinsic Value’.
• ‘Intrinsic Value’ strategy would look at overreaction of market participants to the short-term developments in industries/companies and exploit available opportunities for investment returns.
• This strategy would also rely on the analytical and behavioural edge to generate investor alpha.

Intrinsic Value Investing - The Concept:

• Intrinsic Value Investing is a broader philosophy which involves buying companies at a price lower than their intrinsic value
• Keeping a margin of safety
• Taking advantage of market inefficiencies

Essence Of Intrinsic Value Investing

• Value investing is an opportunity for investors to benefit from the mispricing opportunities (buy low), to only sell at a later stage where the valuations revert to the companies’ intrinsic value (sell high).
• An important aspect of intrinsic value investing is to keep an appropriate “MARGIN OF SAFETY”which significantly improves the risk-reward ratio associated with investing in a business.

Margin Of Safety

It is a principle of investing in which an investor only purchases securities when their market price is significantly below their intrinsic value. Margin of safety incorporates quantitative and qualitative considerations to determine a price target and a safety margin (or cushion) that discounts that target. In value investing, it is important to have a reasonable protection for the investment made i.e. margin of safety. Therefore, higher the margin of safety, lower is the likely risk.

Fund’s Portfolio Creation Approach

Who Should Invest In This Fund?

• Patient investors seeking value approach to investing with focus on investing in stocks having adequate margin of safety.
• Investors with a long-term investment horizon of at least 3 years
• Investors looking for a fund with a potential to deliver better risk adjusted returns in the long term
• Investors focusing on underlying businesses and looking for diversification / differentiated portfolio

SBI Balanced Advantage Fund NFO

 

SBI Balanced Advantage Fund is an open-ended hybrid fund that dynamically manages its asset allocation between long equity including arbitrage and debt securities based on the market dynamics. The Fund aims to capture the potential upside and limit the downside in a volatile equity market. 

The investment objective of the Scheme is to provide long-term capital appreciation / income from a dynamic mix of equity and debt investments. However, there can be no assurance that the investment objective of the Scheme will be realised.

The Scheme proposes to follow a three-tiered investment strategy which would consist of: 

• Asset Allocation 

• Strategy Tilt (Style / Market-cap / Sector allocation) 

• Stock / Security Selection 

The Fund Manager will determine asset allocation between equity and debt depending on prevailing market and economic conditions. The debt-equity mix at any point of time will be a function of various factors such as equity valuations, interest rates, view on the asset classes and risk management etc.

FOR EQUITY: The Fund Manager while selecting stocks will focus on fundamentals of the business, the quality of management, the financial strength of the company, market leadership etc. The Scheme will invest across sectors without any market cap or sectoral bias. 

FOR DEBT: The Scheme will invest in a diversified range of debt and money market instruments. The Fund Manager will allocate the assets of the Scheme taking into consideration the prevailing interest rate scenario, yield curve, yield spread & liquidity of the different instruments. 

HDFC NIFTY50 EQUAL WEIGHT INDEX FUND NFO

 

What is NIFTY50 Equal Weight Index?

The NIFTY50 Equal Weight Index represents an alternative weighting index strategy to its market capitalization weighted parent index, the NIFTY50. The index includes the same companies as its parent, however, weighted equally.

The NIFTY50 Equal Weight Index aims to measure the performance of constituents forming part of the parent index, the NIFTY50 Index, where each company in the index shall be assigned equal weights at the time of review.

NIFTY50 Vs NIFTY50 Equal Weight

Top 5 Stocks

Stock Name	Weightage%
	NIFTY50	NIFTY50 EW
Reliance Industries Ltd.	10	2
HDFC Bank Ltd.	9.6	2
Infosys Ltd	8.6	2
HDFC Ltd.	6.5	2
ICICI Bank Ltd	6.4	2
Total	41.2	10

 

Bottom 5 Stocks

Stock Name	Weightage%
	NIFTY50	NIFTY50 EW
Hero Motocorp	0.6	2
eicher motor	0.5	2
Shree Cement	0.5	1.9
Coal India	0.5	2
Indian Oil Corporation	0.4	2
Total	2.5	9.9

NIFTY50 Equal Weight Represents an alternative weighting strategy. The index includes the same companies as its parent NIFTY50 index, however, weighted equally.

NIFTY50 Equal Weight Index offers disciplined investment approach with no bias where each stock contributes equally for the overall index growth

 

Sectoral Diversification: NIFTY50 Vs NIFTY50 Equal Weight

Row Labels	NIFTY50 Equal Weight TRI	NIFTY50 TRI
Financial Services	21.8	37.2
Consumer Goods	14.1	11.1
Automobile	11.9	5.3
IT	10.1	17.4
Pharma	8.2	3.6
Metals	8	3.6
Oil & Gas	8	11.7
Cement	5.9	2.5
Power	4.1	1.7
Services	2	0.8
Fertilizers and pest	2	0.6
Construction	2	0.7
Telecom	2	1.8

Why NIFTY50 Equal Weight Index?

The index offers exposure to Top 50 large companies on the NSE with equal weight ( ~ 2% to each stock ) The index being equal weight, aims to reduce the stock/ sector concentration risk With equal allocation to the 50 large cap companies, index aims to benefit from the growth opportunities across stocks/ sectors, rather than just relying on the performance of few heavy weight stock/ sectors The index is automatically rebalanced every quarter and reconstituted semi-annually in line with NIFTY50 Index The index represents smart and intelligent investing through “Auto Quarterly Rebalancing” and thus enabling “Auto Profit Booking”

 

Edelweiss Recently Listed IPO Fund

 

Edelweiss Maiden Opportunities Fund Series 1 (a closed ended scheme) was converted into Edelweiss Recently Listed IPO Fund (an open ended scheme) and is now open for investment effective from June 29, 2021.

An open-ended equity scheme following investment theme of investing in recently listed 100 companies or upcoming Initial Public Offer (IPOs)

Investment Objective

The investment objective of the Scheme is to seek to provide capital appreciation by investing in equity and equity related securities of recently listed 100 companies or upcoming Initial Public Offers (IPOs). However, there can be no assurance that the investment objective of the Scheme will be realised.

Top Holdings as on June 30, 2021

 

Edelweiss Recently Listed IPO Fund returns %:

• 1 Year: 74.95%
• 3 years: 20.97%

This product is suitable for investors who are seeking

• Long-term capital growth.
• Investment in equity and equity-related securities recently listed 100 companies or upcoming Initial Public Offer (IPOs) 

Invest in IPO

Chemplast Sanmar Limited

 

About Chemplast Sanmar IPO

Headquartered in Chennai, Chemplast Sanmar is one of the leading speciality chemical producers in India. The company was established in 1985 and is a subsidiary of SHL Chemicals Group, owned by Sanmar Holdings Limited.

Chemplast Sanmar primarily produces speciality paste PVC resins for the Indian agrochemical and pharmaceutical industries. Its products also include starting materials and intermediates, caustic soda, chlorochemicals, and industrial salt. Today, this company is the third-largest manufacturer of hydrogen peroxide and caustic soda in the country.

Chemplast Sanmar IPO Objectives

- Redeem the non-convertible debentures (NCDs) issued by it ahead of their maturity date
- Fulfil general corporate purposes

Chemplast Sanmar IPO Details

IPO Opening Date	Aug 10, 2021
IPO Closing Date	Aug 12, 2021
Issue Type	Book Built Issue IPO
Face Value	₹5 per equity share
IPO Price	₹530 to ₹541 per equity share
Market Lot	27 Shares
Min Order Quantity	27 Shares
Listing At	BSE, NSE
Issue Size	[.] Eq Shares of ₹5 (aggregating up to ₹3,850.00 Cr)
Fresh Issue	[.] Eq Shares of ₹5 (aggregating up to ₹1,300.00 Cr)
Offer for Sale	[.] Eq Shares of ₹5 (aggregating up to ₹2,550.00 Cr)

Chemplast Sanmar IPO Tentative Timetable

The Chemplast Sanmar IPO open date is Aug 10, 2021, and the close date is Aug 12, 2021. The issue may list on Aug 24, 2021.

IPO Open Date	Aug 10, 2021
IPO Close Date	Aug 12, 2021
Basis of Allotment Date	Aug 18, 2021
Initiation of Refunds	Aug 20, 2021
Credit of Shares to Demat Account	Aug 23, 2021
IPO Listing Date	Aug 24, 2021

Competitive strengths

• The largest manufacturer of specialty paste PVC resins in India in terms of installed production capacity.
• 3rd largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide in South India.
• A part of the SHL Chemicals Group, one of the most prominent corporate groups in South India.
• A vertically integrated business model with a focus on quality manufacturing.
• Highly experienced managerial team.

Aptus Value Housing Finance India Ltd

 

About Aptus Value Housing Finance IPO

Aptus Value offers housing and non-housing loans besides insurance services. The company’s client base primarily comprises customers belonging to the rural and semi-urban markets of India. A unique aspect of Aptus Value is that it does not provide financial services for commercial real estate. Moreover, builders cannot avail of financial assistance from this company. It only caters to the requirements of the retail segment.

About Aptus Value Housing Finance IPO Objectives

• Meeting general corporate purposes
• Expanding lender’s capital base to be able to finance requirements in the future
• Meeting issue expenses

Why Should You Invest in Aptus Value Housing Finance IPO?

Aptus Value has been expanding its scale of operations constantly besides improving portfolio concentration. From a financial standpoint, the company looks well-positioned; its profitability indicators appear to be quite strong. Apart from high quality of assets, sufficient risk management systems, Aptus has an efficient management team. The outlook appears to be quite positive for this company considering the factors mentioned above. Accordingly, investors might want to subscribe to Aptus Value Housing Finance IPO.

Competitive Strengths

• One of the largest housing finance companies in South India in terms of AUM.
• A strong network of 181 branches across 75 districts and union territory of Puducherry.
• Presence in large, underpenetrated market with strong growth potential.
• Robust credit risk management from origination to collections leading to assure strong asset quality.
• Established financial performance track record.

Aptus Value Housing Finance IPO Details

IPO Opening Date	Aug 10, 2021
IPO Closing Date	Aug 12, 2021
Issue Type	Book Built Issue IPO
Face Value	₹2 per equity share
IPO Price	₹346 to ₹353 per equity share
Market Lot	42 Shares
Min Order Quantity	42 Shares
Listing At	BSE, NSE
Issue Size	[.] Eq Shares of ₹2 (aggregating up to ₹2,780.05 Cr)
Fresh Issue	[.] Eq Shares of ₹2 (aggregating up to ₹500.00 Cr)
Offer for Sale	64,590,695 Eq Shares of ₹2 (aggregating up to ₹2,280.05 Cr)

Aptus Value Housing Finance IPO Tentative Timetable

IPO Open Date	Aug 10, 2021
IPO Close Date	Aug 12, 2021
Basis of Allotment Date	Aug 18, 2021
Initiation of Refunds	Aug 20, 2021
Credit of Shares to Demat Account	Aug 23, 2021
IPO Listing Date	Aug 24, 2021

Aptus Value Housing Finance – Noteworthy Highlights

• The following are some noteworthy highlights of Aptus Value that investors must take into account :
• As of December 2020, Aptus Value’s total assets under management stood at Rs. 37.91 billion. It had more than 180 branches.
• Aptus Value Housing finance reported a loan book of Rs. 4,000 crores as of December 2020.
• As per CRISIL, in FY2020, Aptus Value recorded a ROA of 6.3% owing to an optimal product mix and prudent cost control measures. During the same period, this company recorded the lowest cost to income ratio in the industry (26.4%). Both these figures were the highest among its peers.
• This company has raised a total of $193.7 million over 3 funding rounds.

Nuvoco Vistas Corporation Ltd IPO

Incorporated in 1999, Nuvoco Vista Corporation Ltd, a part of Nirma Group Company is among one of the largest cement companies and concrete manufacturers in India. It offers a diversified range of products such as cement, Ready-mix Concrete (RMX), and modern building materials i.e. adhesives, wall putty, dry plaster, cover blocks, and more.

The company sells its products in the trade segment (individual home buyers) and non-trade segment (institutional and bulk buyers). It has a strong distribution network with 15,969 dealers and 225 CFAs.

Its cement plants are located in the states of West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand in East India and Rajasthan and Haryana in North India with an aggregated installed capacity of 22.32 MMTPA.

Nuvoco Vistas – Noteworthy Highlights

• As of 31 December 2020, Nuvoco produced 4.2% of India’s total cement and nearly 17% of East India’s. In north India, the company accounts for 5% of cement production. Other noteworthy highlights of the company include :
• Nuvoco Vistas is India’s 5th largest cement company.
• In terms of capacity, the company dominates the market in the eastern parts of India. It boasts an annual capacity of 22.32 MMTPA.
• To expand its market footprints, Nuvoco Vistas acquired Emami Group’s cement group in February 2020.
• In India, Nuvoco Vistas is a leading ready-mix concrete (RMX) producer. Nuvoco Vistas operates 11 cement plants, with 1 blending unit, 5 integrated units, and 5 grinding units.

Nuvoco IPO Details

IPO Opening Date	Aug 9, 2021
IPO Closing Date	Aug 11, 2021
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹560 to ₹570 per equity share
Market Lot	26 Shares
Min Order Quantity	26 Shares
Listing At	BSE, NSE
Issue Size	[.] Eq Shares of ₹10 (aggregating up to ₹5,000.00 Cr)
Fresh Issue	[.] Eq Shares of ₹10 (aggregating up to ₹1,500.00 Cr)
Offer for Sale	[.] Eq Shares of ₹10 (aggregating up to ₹3,500.00 Cr)

Nuvoco IPO Tentative Timetable

IPO Open Date	Aug 9, 2021
IPO Close Date	Aug 11, 2021
Basis of Allotment Date	Aug 17, 2021
Initiation of Refunds	Aug 18, 2021
Credit of Shares to Demat Account	Aug 20, 2021
IPO Listing Date	Aug 23, 2021

Competitive strengths

• Largest cement manufacturer in East India in terms of total capacity.
• Strategically located cement plants with close proximity to key markets.
• Strong brand recognition and a large distribution network.
• Experienced promoters and managers team.

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