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Canara Robeco Conservative Hybrid Fund

Canara Robeco Mutual Fund established this Conservative Hybrid mutual fund scheme, which has been in operation for the past 8 years. The fund’s expense ratio is 0.61 percent, which is lower than the expense ratio charged by most other funds in the same category. The fund currently has a 22.80% equity allocation and a 69.70% debt exposure. Canara Robeco Conservative Hybrid Fund Direct-Growth returns in the previous year were 16.77 percent, according to Value Research, and it has generated 10.56 percent average annual returns since its inception.

The financial, automobile, healthcare, services, and technology sectors make up the majority of the fund’s equity holdings. National Bank For Agriculture & Rural Development, Tamilnadu State, Housing Development Finance Corpn. Ltd., Gujarat State, and GOI are the fund’s top five holdings. CRISIL has given the fund a “No 1” rating, Value Research has given it a 5-star rating, and Morningstar has given it a 5-star rating, indicating the fund’s previous performance strength during market peaks and troughs.

As of 6th October 2021, the fund has a Net Asset Value (NAV) of Rs 82.22 and has an Asset Under Management (AUM) of Rs 896.35 Cr. The fund charges an exit load of 1% if units of more than 10% are redeemed within 12 months of the purchased date. SIP in this fund can be started with a minimum amount of Rs 1000 per month.

LIC MF Debt Hybrid Fund

This fund invests predominantly in debt instruments with marginal equity exposure. This Conservative Hybrid mutual fund scheme was founded by the fund house LIC Mutual Fund in the year 1998 and is a medium-sized fund of its category. The fund has a 2.27 percent expense ratio, which is higher than most other Conservative Hybrid funds.

As of August 31, 2021, the fund has a 24.75 percent equity allocation and a 75.24 percent debt exposure. The recent one-year growth returns of the LIC MF Debt Hybrid Fund were 12.13 percent, and it has generated an average annual return of 8.51 percent since its inception. The equity part of the fund is largely invested in the technology, financial, fast-moving consumer goods, energy, and healthcare sectors. Reserve Bank of India, GOI, Infosys Ltd., ICICI Bank Ltd., and Larsen & Toubro Infotech Ltd. is the fund’s top five holdings.

The fund has received a “No 1” rating from CRISIL, a 3-star rating from Value Research, and a 3-star rating from Morningstar, reflecting the fund’s consistent historical performance in terms of generating gains. The fund has a Net Asset Value (NAV) of Rs 71.58 and an Asset Under Management (AUM) of Rs 83.85 Cr as of October 6, 2021.

If units worth more than 12 percent are redeemed within 12 months after the acquisition, the fund imposes a 1% exit load. SIPs in this fund can be commenced with as little as Rs 1000 per month.

2 High Rated Conservative Hybrid Funds To Start SIP In 2021

Based on CRISIL’s ranking of No.1 and past performance, here are the 2 conservative hybrid funds that you can consider to start SIP in 2021 for at least 3 years.

Disclaimer

The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advice to buy or sell stocks, gold, currency, or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please do consult a professional advisor. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates, and authors do not accept culpability for losses and/or damages arising based on information in GoodReturns.in

Positive on the auto sector: Emkay Global

In Q2FY22, Emkay Global expects aggregate revenue for Automobile firms to grow by only 6% YoY, as volume growth was hampered by chip shortages in PVs and a high base in 2-Wheelers/Tractors. CVs, on the other hand, had a strong volume performance. However, earnings are anticipated to be harmed due to temporary volume difficulties and cost pressures.

As a result of chip shortages, the brokerage believes that domestic PV industry volumes increased by only 2% year over year. We anticipate a 2% revenue increase for MSIL and 14% for the MM auto division (total revenue growth of 8% for MM). It also expects volume to improve in H2 as a result of the pending order book and increasing chip supplies.

7 Auto Stocks To Buy According To Emkay Global Financial Report

Auto stocks to buy according to the automobile report

Ashok Leyland

Emkay Global has initiated a buy call on Ashok Leyland with a target price of Rs 155, implying a 19 percent upside potential. Ashok Leyland is currently trading at Rs 130.

According to brokerage, revenue is expected to expand considerably year over year, thanks to volume growth of 42 percent on a low base and realisation growth of 10 percent. Despite the increased scale, the EBITDA margin is likely to remain constant due to delays in commodity inflation pass-through.

Baja Auto

The brokerage believes that with a 9 percent year-over-year increase in volume and a 13 percent increase in realization, revenue growth could be strong. Despite a drop in the home market, volume increased due to a 28 percent increase in exports. Due to delays in the pass-through of commodity inflation, the EBITDA margin may fall.

Hero MotoCorp

Revenues are predicted to fall by 20% year over year due to fewer volumes. Due to price increases, realization is expected to increase by 6%. Due to lower scale and delays in commodity inflation pass-through, the EBITDA margin may fall.

Emkay Global has initiated a buy call on Hero MotoCorp with a target price of Rs 3,790, implying a 35 percent upside potential. It is currently trading at Rs 2801.

TVS Motor

Emkay Global has initiated a buy call on TVS Motor with a target price of Rs 780, implying a 43 percent upside potential. TVS Motor is currently trading at Rs 544.

With volume up 6% year over year and realization up 11%, revenue growth should be strong. Despite a drop in the home market, volume increased because to a 46 percent increase in exports. Due to delays in the pass-through of commodity inflation, the EBITDA margin may fall.

Atul Auto

Emkay Global has initiated a buy call on Atul Auto with a target price of Rs 300, implying a 36 percent upside potential. It is currently trading at Rs 221.

A 10% year-over-year rise in volume could help sustain revenue growth. Due to delays in the pass-through of commodity inflation, the EBITDA margin may fall, according to the brokerage.

Tata Motors

“JLR’s GBP revenue is likely to fall 13% yoy to GBP3.8bn, due to lower volumes (-15%). EBITDA margins should contract by 590bps to 5.2%, due to negative operating leverage and the absence of furlough benefits. Standalone revenue should grow strongly by 94% to Rs187.7bn, driven by higher volumes (55%) and realization (25%). EBITDA margin should expand 480bps to 5.9% on a better scale,” the brokerage has said.

Maruti Suzuki

Revenues should increase by a small amount, owing to higher realizations (6 percent yoy). Volumes fell 3% year over year. Due to lower scale and delays in commodity inflation pass-through, the EBITDA margin is expected to decline.

Disclaimer

The above stocks are picked from Emkay Global Financial Services’ latest report on the auto sector. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies Pvt Ltd, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.