After a strong 2014, the Indian Equity Market was in a phase of consolidation. Thewas down 7.02% on a Year to Date Basis. In comparison, the Scripbox equity was down by 2.52% resulting in an outperformance of 4.51% over the benchmark index. This out-performance is in line with the historical average out performance of the Scripbox over the .
For our regularinvestors, a monthly in Scripbox recommended would have returned -8.26% this year against -13.63% for a in the . On the other hand, the Scripbox Index lagged some of the larger , as some of the mid-cap oriented funds did better than the large-cap oriented funds during the year.
Overall, we believe that the equities continue to be the best option among investableand we are quite confident entering 2016.
1. The core idea of Scripbox:
The objective of the Scripboxof is to select a of 4 that have a consistent track record of performing better than the , and therefore expected to do better than the .
We had the following 4in the 2015 of . This Report card is based on the performance of these funds from Jan 1, 2015 till Dec 15, 2015.
- Kotak Select Focus Fund (G)
- UTI- (G)
- ICICI Pru Focused Bluechip (G)
- ICICI Pru Top 100 Fund – (G)
The analysis of the absolute performance of the Scripbox equityis a combination of the performance of the , and the performance of the relative to the .
- In 2015, the was down 7.02% (till 15, Dec 2015)
- Over a decade, the has returned a of 10.5%.
- We continue to believe that the case of Indian equities remains strong and equities as an class will continue to outperform fixed income over the long run.
These are returns based on a one time, for returns for a investor, kindly refer section 6 below.
3.Relative to Other Benchmarks:
In 2015, most 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
4. Scripboxof :
All the 4 funds in the Scripboxoutperformed the benchmark index.
Off the funds in the, Kotak Select was the best performing funds with a positive 0.22% return in the period.
5. Scripboxcompared to other funds:
The top 25 funds bydelivered an average return of -2.61% in the current year and the Scripbox performed in line at -2.52%
6. Returns forinvestors:
Assuming aon the 10th of each month, the XIRR returns for a investor was -8.26% in the Scripbox of , compared with -13.63% in the .
Theout performance of 5.38% was slightly higher than the absolute out-performance.
This is in line with the track record of Scripbox equityover the long term. returns in the Scripbox equity have been better than the over all holding periods.