After negative return in FY 16, the Indian Equity Market bounced back and the Nifty 50 was up 17.40% on a Year to Date Basis in FY 17. In comparison, the Scripboxwas up by 21.58% resulting in an outperformance of 4.18% over the benchmark index. This out-performance is in line with the historical average out-performance of the Scripbox over the Nifty 50.
For our regular SIP (Systematic Investment Plan) investors, a monthlyin Scripbox recommended would have returned 19.24% this year against 18.16% for a in the Nifty 50.
Overall, we believe that the equities continue to be the best option amongst investableand we are quite confident entering 2017-18.
1. The core idea of Scripbox :
The objective of the Scripbox funds that have a consistent track record of performing better than the Nifty 50, and therefore expected to do better than the Nifty 50.of is to select a of 2 Tax Planning
We had the following 2 funds in the financial year 2017 . This Report card is based on the performance of these funds from April 1, 2016 till Mar 15, 2017.
- Axis Long Term (G)
- DSP Black Rock Tax Saver Fund (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 Nifty 50.
2. Nifty Performance :
- In 2016-17, the Nifty was up 17.40% (up till March 15, 2017)
- Over a decade, the Nifty has returned a of 9.08%.
- 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 investment, for returns for ainvestor, kindly refer section 6 below.
3. Nifty 50 Relative to Other Benchmarks
In FY 2017, most benchmarks including the mid cap and small cap indices delivered good returns, there was some relative outperformance of the mid and small caps over the benchmark large cap index.
4. Scripboxof :
DSP BR Tax Saver Fund(G) outperformed the Nifty 50 by 10.15%; Axis Long Term (G) underperformed the Nifty 50 by 1.78%.
5. Scripbox funds:compared to other
The top 10 funds by, delivered an average return of 22.88% in FY 17 and the Scripbox performed in line at 21.58%, compared with 17.40% for the Nifty 50.
6. Returns forinvestors
Assuming aon the 10th of each month, the XIRR returns for a investor was 19.24% in the Scripbox of , compared with 18.16% in the Nifty 50.
returns in the Scripbox equity have been better than the Nifty 50 over all holding periods except in the last financial year.