After a strong 2014-15, the Indian Equity Market was in a phase of consolidation. Thewas down 12.14% on a Year to Date Basis in the financial year 2015-16. In comparison, the Scripbox was down by 8.84% resulting in an out performance of 3.3% over the benchmark index. This out-performance is in line with the historical average out the performance of the Scripbox over the .
For our regularinvestors, a monthly in Scripbox recommended would have returned -13.25% this year against -12.92% for a in the .
Overall, we believe that the equities continue to be the best option among investable assets and we are quite confident entering FY2016-17.
1. The core idea of Scripbox:
The objective of the Scripboxof is to select a of 2 tax saving that have a consistent track record of performing better than the and therefore expected to do better than the .
We had the following 2 tax savingin the financial year 2015-16 of tax saving . This Report card is based on the performance of these from April 1, 2015, till Mar 15, 2016.
- AXIS Long Term (G)
- ICICI Pru Long Term – (G)
The analysis of the absolute performance of the Scripboxequity is a combination of the performance of the , and the performance of the relative to the .
- In 2015-16, the was down 12.14% (till 15, Mar 2016)
- Over a decade, the has returned a CAGR of 10.5%.
- We continue to believe that the case of Indian equities remains strong and equities as an asset class will continue to outperform fixed income over the long run.
These are returns based on a one-time investment, for returns for ainvestor, kindly refer section 6 below.
3.Relative to Other Benchmarks
In financial year 2015-16, all benchmarks including the mid cap and small cap indices were in the negative, there was some relative outperformance of the mid and small caps over the benchmark large cap index.
Bothin the Scripbox outperformed the benchmark index. Performance of both the were fairly satisfactory and ahead of the .
5. Scripboxcompared to other :
The top 10 assets delivered an average return of -10.29% in the current financial year and the Scripbox performed in line at -8.84%, compared with -12.14% in . On the whole, we are satisfied with the selection.by
6. Returns forinvestors
Assuming aon the 10th of each month, the XIRR returns for a investor was -13.25% in the Scripbox of tax saving , compared with -12.92% in the .
returns in the Scripbox have been better than the over all holding periods except in the last financial year.