If one seeks safety returns are too low
If one seeks better returns, risks are too high.
Did I miss the bottom?
Are there more shocks yet to come?
I have seen below inflation returns for the last 10 years.
Will the cycle turn and if so how soon?
Is the rally already over?
Source: Bloomberg and MOAMC Internal research. *Data for CY20 is updated till June 30, 2020
Equity is represented by Nifty 50 TRI Index, Debt by CRISIL Composite Bond Fund Index, Gold by International Gold Prices converted into INR and International equitiy by S&P 500 TR Index
Disclaimer :The above graph is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy. The sector mentioned herein are for general and comparison purpose only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future.
| CY07 | CY08 | CY09 | CY10 | CY11 | CY12 | CY13 | CY14 | CY15 | CY16 | CY17 | CY18 | CY19 | CY20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 |
56.8% | 30.1% | 77.6% | 24.4% | 30.6% | 29.4% | 49.6% | 32.9% | 8.6% | 14.8% | 30.3% | 7.4% | 34.1% | 1.1% |
| 16.7% | 9.1% | 21.8% | 19.2% | 21.2% | 19.5% | 8.1% | 16.4% | 6.2% | 12.9% | 14.7% | 5.9% | 20.7% | 24.3% | |
| 7.0% | -22.5% | 19.8% | 10.5% | 6.9% | 10.3% | 3.8% | 14.3% | -3.0% | 10.9% | 6.8% | 4.6% | 13.5% | -14.9% | |
| -6.0% | -51.3% | 3.5% | 5.0% | -23.8% | 9.4% | -19.0% | 0.9% | -6.1% | 4.4% | 4.7% | 4.3% | 10.7% | 8.0% |
| Debt | Equity | Gold | International Equities |
|---|
Source: Bloomberg and MOAMC Internal research. *Data for CY20 is updated till June 30, 2020
Equity is represented by Nifty 50 TRI Index, Debt by CRISIL Composite Bond Fund Index, Gold by International Gold Prices converted into INR and International equity by S&P 500 TR Index
Disclaimer:The above graph is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy. The sector mentioned herein are for general and comparison purpose only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future.
Source: Bloomberg and MOAMC Internal research. *Data for CY20 is updated till June 30, 2020
Disclaimer: The above graph is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy. Past performance may or may not be sustained in future.
Why Multi Asset Fund?
A single asset class has periods of outperformance and periods of drawdowns.
How does a Multi Asset Fund work?
Using a mix of non-correlated asset classes yields a combination which has far lesser volatility and comparatively better risk adjusted returns.
What is on offer?
A diversified multi asset fund which aims to generate long term capital appreciation by investing in multiple asset classes a with lower volatility, yet aiming for reasonable returns.
| Instruments | Allocations (% of total assets) | Risk Profile | |
| Minimum | Maximum | High / Medium / Low | |
| Equity, Equity related instruments and International Equity Index Funds/ Equity ETFs^ | 10 | 50 | High |
| Debt, Money Market Instruments | 40 | 80 | Medium |
| Gold Exchange Traded Funds | 10 | 20 | Medium |
^As per SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 6, 2017, Foreign Securities will not be treated as a separate asset class and accordingly International Equity Index Funds/Equity ETFs have been included in Equity and Equity related instruments. The scheme intends to invest in International Equity Index Funds/Equity ETFs upto 20% of net assets.
Source: Bloomberg and MOAMC Internal research. Disclaimer: The above data is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy. Past performance may or may not be sustained in future.
| Period (Years) | Nifty 50 TR Index (INR) | CRISIL Composite Bond Fund Index | ^S&P 500 TR Index (INR) | Gold (INR) | Multi Asset Back-Test |
| 1 year | 31.09% | 4.37% | 34.03% | 19.30% | 8.02% |
| 3 year | 18.52% | 3.43% | 20.44% | 14.12% | 4.91% |
| 5 year | 18.16% | 3.15% | 19.90% | 14.72% | 4.72% |
| 7 year | 17.52% | 3.65% | 18.45% | 15.91% | 4.89% |
| 10 year | 17.42% | 3.13% | 18.52% | 17.19% | 4.84% |
| 15 year | 22.83% | 2.78% | 20.87% | 19.56% | 5.58% |
| 18 year | 22.61% | 2.69% | 20.42% | 18.89% | 5.47% |
Data as on June 30, 2020 Source: Bloomberg and MOAMC Internal research
Disclaimer: The above data is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy. Past performance may or may not be sustained in future.
The above is for illustration purpose only. The actual result may vary from depicted results depending on scheme selected. It should not be construed to be indicative of scheme performance in any manner. Past performance may or may not be sustained in future.
Source: MOAMC internal analysis The above Table is used for illustration purpose only and should not used for development or implementation of an investment strategy
| Name of the Scheme | Motilal Oswal Multi Asset Fund (MOFMAF) | |||
| Type of the Scheme | An open ended scheme investing in Equity, International Equity Index Funds/ Equity ETFs, Debt and Money Market Instruments and Gold Exchange Traded Funds | |||
| Category of the Scheme | Multi Asset Allocation | |||
| Investment Objective | The investment objective is to generate long term capital appreciation by investing in a diversified portfolio comprises of Equity, International Equity Index Funds/ Equity ETFs, Debt and Money Market Instruments and Gold Exchange Traded Funds. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. | |||
| Benchmark | 30% Nifty 50 TRI + 50 % Crisil Short Term Gilt Index + 10% Domestic Price of Gold + 10% S&P 500 Index (TRI) | |||
| MOVI | Motilal Oswal Value Index (MOVI) is a proprietary index of Motilal Oswal Asset Management Company Limited (MOAMC). It is calculated taking into account Price to Earnings (P/E), Price to Book (P/B) and Dividend Yield of the Nifty 50 Index. The MOVI is calculated on 30 Daily Moving Average of the above parameters. A low MOVI level indicates that the market valuation appears to be cheap and one may allocate a higher percentage of their investments to Equity as an asset class. A high MOVI level indicates that the market valuation appears to be expensive and that one may reduce their equity allocation.
NSE Indices Ltd. (NSE) is the calculating agent of NIFTY MOVI. NSE shall calculate, compile, maintain and provide NIFTY MOVI values to Motilal Oswal Asset Management Company Ltd. NIFTY MOVI values will be published on the MOAMC website on a daily basis. |
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| Plans | The Scheme has two Plans: (i) Regular Plan and (ii) Direct Plan Regular Plan is for Investors who purchase/subscribe units in a Scheme through any Distributor (AMFI Registered Distributor/ARN Holder). Direct Plan is for investors who purchase/subscribe units in a Scheme directly with the Fund and is not routed through a Distributor (AMFI Registered Distributor/ARN Holder). |
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| Options | Each Plan offers Growth Option. | |||
| Minimum Investment | Rs. 500/- and in multiples of Re. 1/- thereafter. | |||
| Load Structure | Entry Load: Nil Exit Load: 1%- If redeemed on or before 3 months from the date of allotment. Nil- If redeemed after 3 months from the date of allotment. |
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| Fund Manager | Fund Manager - Equity Component | Fund Manager - Debt Component | Fund Manager - International Equity | Fund Manager - Gold |
| Mr. Siddharth Bothra | Mr. Abhiroop Mukherjee | Mr. Herin Visaria | Mr. Swapnil Mayekar | |
| Experience: 18 years | Experience: 11 years | Experience: 11 years | Experience: 11 years | |
| Product Labeling |
 |
| This product is suitable for investors who are seeking | |
| 1) Long term capital appreciation by investing in a diversified portfolio. | |
| 2) Investing in Equity, International Equity Index Funds/ Equity ETFs, Debt and Money Market Instruments and Gold Exchange Traded Funds | |
| *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
Source: Internal MOAMC Research. Quarter on quarter data as of March 31, 1996 till March 31, 2021
Disclaimer: The above graph is the actual performance of Nifty 50 Index The above is for representation purpose only and should not used for development or implementation of an investment strategy. Past performance may or may not be sustained in future.
Source: Internal MOAMC Research. Debt returns assumed at 6%
Disclaimer: The above graph is an actual performance of Nifty 50 Index The above is for representation purpose only and should not used for development or implementation of an investment strategy. Past performance may or may not be sustained in future.
| M | Much Lower Volatility: Better risk-adjusted returns achieved through lower standard deviation (12.4%) | |
| A | Agile: A truly dynamic fund which is agile and aims to benefit from volatility | |
| G | Ground Rules: The fund is operated on a Rules-based rebalancing strategy; it is calculated based on a 30-day moving average involving three parameters: PE, PB, and Dividend Yield | |
| I | Ingredients: Equity Portion – Seeking opportunities across all market caps. Debt Portion – No credit risk or high risk duration calls. Debt allocation predominantly in Treasury bills and AAA-rated bonds | |
| C | Consistent Performer – All the above parameters come together to give a consistent performance | |
Source: Bloomberg and MOAMC Internal research. Disclaimer: The above data is used to explain the concept and is for illustration purpose only and should not used for development or implementation of an investment strategy. Past performance may or may not be sustained in future.
| MOVI Levels | Net Equity (%) | Equity Arbitrage (%) | Debt Instruments (%) |
 |
|
| Less than 70 | 100 | 0 | 0 | ||
| 70 | <80 | 85 – 95 | 0 | Upto 5 | |
| 80 | <90 | 75 – 85 | 0 | Upto 15 | |
| 90 | <100 | 60 – 75 | 0 | Upto 25 | |
| 100 | <110 | 50 - 60 | 5-15 | Upto 35 | |
| 110 | <120 | 40 - 50 | 15-20 | Upto 35 | |
| 120 | <130 | 30 - 40 | 25-35 | Upto 35 | |
| 130 or above | 30 – 40 | 25-35 | Upto 35 | ||
Data points shown here are to explain and illustrate working of the MOVI model. Numbers presented here do not amount to investment advice. Consult your financial advisor before investing.
Source: Internal MOAMC Research Data from April 15, 1999 till May 30, 2001. Disclaimer: Backtested, hypothetical or simulated performance results have inherent limitations. Simulated results are achieved by the retroactive application of a backtested model itself designed with the benefit of past observations. The backtesting of performance differs from the actual account performance because the investment strategy may be adjusted at any time, for any reason and can continue to be changed until desired or better performance results are achieved. Alternative modelling techniques or assumptions might produce significantly different results and prove to be more appropriate. Past hypothetical backtest results are neither an indicator nor a guarantee of future returns. Actual results will vary from the analysis. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, expressed or implied is made regarding future performance.
Source: Internal MOAMC Research Data from January 15, 2004 till May 15, 2006. Disclaimer: Backtested, hypothetical or simulated performance results have inherent limitations. Simulated results are achieved by the retroactive application of a backtested model itself designed with the benefit of past observations. The backtesting of performance differs from the actual account performance because the investment strategy may be adjusted at any time, for any reason and can continue to be changed until desired or better performance results are achieved. Alternative modelling techniques or assumptions might produce significantly different results and prove to be more appropriate. Past hypothetical backtest results are neither an indicator nor a guarantee of future returns. Actual results will vary from the analysis. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, expressed or implied is made regarding future performance.
Source: Internal MOAMC Research Data from January 30, 2020 till March 31, 2021 Disclaimer: The above graph is for representation purpose only and should not used for development or implementation of an investment strategy. Past performance may or may not be sustained in future.
| Point to Point Returns (%) | 1 Year | 3 Years | Since Inception | |||
| CAGR (%) | 10,000 | CAGR (%) | 10,000 | CAGR (%) | 10,000 | |
| Motilal Oswal Dynamic Fund (DEF) | 29.3% | 12,927 | 6.7% | 12,162 | 8.8% | 14,626 |
| CRISIL Hybrid 50+50 Moderate Index TRI (Benchmark) | 39.2% | 13,921 | 12.3% | 14,154 | 11.3% | 16,196 |
| Nifty 50 TRI (Additional Index) | 72.5% | 17,254 | 14.6% | 15,064 | 13.7% | 17,811 |
| Nifty 50 TRI (Additional Index) | 72.5% | 17,254 | 14.6% | 15,064 | 13.7% | 17,811 |
Data as on March 31, 2021
Date of inception: 27-Sep-2016. Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Past performance may or may not be sustained in the future.
Mr. Akash Singhania has been appointed as the Fund Manager for equity component with effect from 17-May-2019. Mr. Abhiroop Mukherjee is the Fund Manager for debt component since inception.
Kindly refer to the factsheet for performance of other schemes managed by the fund managers: https://www.motilaloswalmf.com/downloads/mutual-fund/Factsheet
| SIP Performance (%) | 1 Year | 3 Years | Since Inception | ||||||
| DEF | Benchmark | Additional Benchmark | DEF | Benchmark | Additional Benchmark | DEF | Benchmark | Additional Benchmark | |
| Investment Amount | 120,000 | 360,000 | 520,000 | ||||||
| Market Value | 133,534 | 140,061 | 157,215 | 418,686 | 449,603 | 479,258 | 658,011 | 717,651 | 772,185 |
| Returns (CAGR)% | 21.7% | 32.6% | 62.5% | 10.1% | 15.0% | 19.5% | 8.7% | 12.6% | 16.0% |
Data as on March 31, 2021
Date of inception: 27-Sep-2016. Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Past performance may or may not be sustained in the future.
Mr. Akash Singhania has been appointed as the Fund Manager for equity component with effect from 17-May-2019. Mr. Abhiroop Mukherjee is the Fund Manager for debt component since inception.
Kindly refer to the factsheet for performance of other schemes managed by the fund managers: https://www.motilaloswalmf.com/downloads/mutual-fund/Factsheet
| Type of the Scheme | An open-ended dynamic asset allocation fund | |||||||||||||||||||||||
| Category of the Scheme | Dynamic Asset Allocation | |||||||||||||||||||||||
| Investment Objective | The investment objective is to generate long term capital appreciation by investing in equity and equity related instruments including equity derivatives, debt, money market instruments and units issued by REITs and InvITs. | |||||||||||||||||||||||
| Benchmark | CRISIL Hybrid 50+50 – Moderate Index TRI | |||||||||||||||||||||||
| Fund Manager | Mr. Siddharth Bothra (For Equity Component) Mr. Abhiroop Mukherjee (For Debt Component) | |||||||||||||||||||||||
| About Fund Manager |
Mr. Siddharth Bothra- Mr Siddharth Bothra has a rich experience of more than 17 years in the field of research and investments. Prior to joining Motilal Oswal AMC he had an extensive stint with Motilal Oswal Securities Ltd as senior analyst in the institutional equities division covering various sectors. During his stint with Motilal Oswal Securities Mr. Bothra won various recognition such as: ZEE Business TV - India’s Best Analyst Awards 2009 Infrastructure, ET Reuters Starmine Awards No.1 Earnings Estimator 2009 Real Estate & No. 2 Stock Picker 2010 Real Estate. He has also worked with broking outfits like Achemy Share & Stocks and VCK Share & Stocks in the past. He has done his Post Graduate Program (PGP) from Indian School of Business (ISB), Hyderabad, which included an international MBA exchange program with NYU Stern Leonard N. Stern School of Business, New York. Mr. Abhiroop Mukherjee : He is B.com (H), MBA with 10 years of experience in Trading Fixed Income Securities viz. G-sec, T-bills, Corporate Bonds CP, CD etc. He has earlier worked with PNB GILTS LTD. as a WDM Dealer for the period 2007-2011 Other Funds Managed by Mr. Abhiroop Mukherjee: He is the Fund manager for the debt component of Motilal Oswal Focused 25 Fund, Motilal Oswal Midcap 30 Fund, Motilal Oswal Multicap 35 Fund and Motilal Oswal Long Term Equity Fund. |
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| Entry / Exit Load | Entry : Nil Exit Load: 1% - If redeemed on or before 1 year from the date of allotment. Nil - If redeemed after 1 year from the date of allotment. There would be no exit load for redemption of units on or before completion of 1 year from the date of allotment upto 12% of units allotted. Redemption of units would be done on First in First out Basis.A switch-out or a withdrawal shall also be subjected to the Exit Load like any Redemption. No Exit Load applies for switch between Motilal Oswal Focused 25 Fund, Motilal Oswal Midcap 30 Fund, Motilal Oswal Flexi Cap Fund, Motilal Oswal Equity Hybrid Fund, Motilal Oswal Large And Midcap Fund, Motilal Oswal Dynamic Fund & Motilal Oswal Multi Asset Fund. No Load for switch between Options within the Scheme. Further, it is clarified that there will be no exit load charged on a switch-out from Regular to Direct plan within the same scheme | |||||||||||||||||||||||
| Asset Allocation |
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| MOVI | Motilal Oswal Value Index (MOVI) is a proprietary index of Motilal Oswal Asset Management Company Limited (MOAMC). It is calculated taking into account Price to Earnings (P/E), Price to Book (P/B) and Dividend Yield of the Nifty 50 Index. The MOVI is calculated on 30 Daily Moving Average of the above parameters. A low MOVI level indicates that the market valuation appears to be cheap and one may allocate a higher percentage of their investments to Equity as an asset class. A high MOVI level indicates that the market valuation appears to be expensive and that one may reduce their equity allocation. NSE Indices Ltd. (NSE) is the calculating agent of NIFTY MOVI. NSE shall calculate, compile, maintain and provide NIFTY MOVI values to Motilal Oswal Asset Management Company Ltd. NIFTY MOVI values will be published on the MOAMC website on a daily basis. | |||||||||||||||||||||||
| Plans | Regular Plan and Direct Plan | |||||||||||||||||||||||
| Options (Under each plan): | Dividend (Payout and Reinvestment) and Growth | |||||||||||||||||||||||
| Minimum Application Amount: | Rs. 500/- and in multiples of Re. 1/- thereafter | |||||||||||||||||||||||
| Additional Application Amount: | Rs. 500/- and in multiples of Re. 1/- thereafter | |||||||||||||||||||||||
| Systematic Investment Plan(SIP) |
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| Minimum Redemption Amount | Rs. 500/- and in multiples of Re. 1/- thereafter or account balance, whichever is lower | |||||||||||||||||||||||
| Product Labeling |
|
| This product is suitable for investors who are seeking | |
| 1) Long-term capital appreciation | |
| 2) Investment in equity, derivatives and debt instruments | |
| *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
