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Titanium Hybrid Long-Short Fund Regular Plan Growth Units Regular Plan Growth — Tata Multi Asset Opportunities Fund — Investor Presentation (December 2021)
23 slides from Titanium Hybrid Long-Short Fund Regular Plan Growth Units Regular Plan Growth's investor presentation, December 2021
Slide 1: Tata Multi Asset Opportunities Fund
TATA MULTI ASSET OPPORTUNITIES FUND (An Open Ended Scheme investing in equity, debt and exchange traded commodity derivatives.) This product is suitable for investors who are seeking*: • Long Term Capital Appreciation. • Investment in equity & equity related instruments, debt instrument and in excha
Slide 2: Winners Don't Repeat... and Neither Do Losers
WINNERS DON’T REPEAT…. CY2016 CY2017 CY2018 CY2019 CY2020 Commodity Components Base Metal Equities Fixed Income Bullion Bullion • Bullion - Gold & Silver, Cash-Settled Trade 19% 28% 6.6% 16% 27% Contracts • Base Metal – Aluminium, Copper, Lead, Zinc and Nickel Fixed Income Base Metal Equities Equiti
Slide 3: Asset Classes Across Market Phases
ASSET CLASSES ACROSS MARKET PHASES MARKET PHASE SLOWDOWN RECESSION RECOVERY EXPANSION Bonds IDEAL INVESTMENTS* Cash Equity Equity *Theoretically the stage in the cycle allows for mentioned asset classes to perform better than others.
Slide 4: Generate Returns Across Market Phases
GENERATE RETURNS ACROSS MARKET PHASES Across market phases, Commodities have potential to generate returns through Arbitrage and Directional strategies MARKET PHASE SLOWDOWN RECESSION RECOVERY EXPANSION Gold Commodity Arbitrage Bonds Commodity IDEAL Commodity INVESTMENTS* Cash Gold Equity Equity *Th
Slide 5: Exchange Traded Commodity Derivatives in Mutual Funds
EXCHANGE TRADED COMMODITY DERIVATIVES IN MUTUAL FUNDS Mutual Funds are permitted to invest in commodities through Exchange Traded Commodity Derivatives Precious Metals Industrial Metals Energy Aluminum, WTI / Brent Gold and Silver Copper, Lead, crude, Oil and Zinc and Nickel Natural gas Agriculture
Slide 6: SEBI Guidelines on Commodity MF
SEBI GUIDELINES ON COMMODITY MF Underlying Asset Exchange Traded Commodity Derivative (ETCD) • Single commodity: 10% of AUM except for Gold ETF Investment Limits • Multi Assets Allocation Scheme – up to 30% • No Net Short Positions in ETCDs, considering its positions in physical goods and ETCD Eligi
Slide 7: Benefits of Commodity Investing
BENEFITS OF COMMODITY INVESTING BETTER RISK ADJUSTED RETURNS COMMODITY ARBITRAGE High volatility in commodity prices provides Potential for higher returns through commodity opportunity to make higher than normal arbitrage returns DIVERSIFICATION LIQUIDITY OF COMMODITY DERIVATIVES Factors affecting E
Slide 8: Pioneering Commodity Investing Through Mutual Funds in India
PIONEERING COMMODITY INVESTING THROUGH MUTUAL FUNDS IN INDIA TATA MULTI ASSET OPPORTUNITIES FUND ASSET & STRATEGY
Slide 9: Tata Multi Asset Opportunities Fund Allocation Ranges
TATA MULTI ASSET OPPORTUNITIES FUND Max:25% Max:10% Max:25% Max:80% Min:10% Min:0% FIXED REITS & COMMODITIES EQUITY INCOME INVITS Min:10% Min:65% ASSET & STRATEGY *Equity exposures to be hedged if required based on outlook
Slide 10: Tata Multi Asset Opportunities Fund Philosophy and Portfolios
TATA MULTI ASSET OPPORTUNITIES FUND Tata Multi Asset Opportunities Fund COMMODITIES EQUITIES FIXED INCOME Fund Philosophy Impact of Commodities To generate returns across market phases through a Commodity derivatives to enhance returns of the Equity + combination of asset classes Debt Portfolio COMM
Slide 11: Types of Commodity Derivatives Trades
TYPES OF COMMODITY DERIVATIVES TRADES Tata Multi Asset Opportunities Fund COMMODITIES EQUITIES FIXED INCOME Arbitrage Directional Calendar Spread To lock in the difference in value To make gains from widening or Objective between two contracts To make gains from rise in price narrowing of spreads Lo
Slide 12: Multi Strategy Equity Portfolio – Balanced Across 3 E's
MULTI STRATEGY EQUITY PORTFOLIO – BALANCED ACROSS 3 E’s Tata Multi Asset Opportunities Fund COMMODITIES EQUITIES FIXED INCOME Well rounded investment strategy Earnings Stability Combination of investment ideas across earnings cycle Earnings Upgrades Portfolio construct flexible in terms of market ca
Slide 13: Fixed Income Portfolio – The Safety Net
FIXED INCOME PORTFOLIO – THE SAFETY NET Tata Multi Asset Opportunities Fund COMMODITIES EQUITIES FIXED INCOME High Quality Portfolio Focus on high quality papers undertaking low credit risk Accrual Focus Focused on generating accrual income with some returns from interest rate movements Regular Inco
Slide 14: Current Positioning of Equity, Commodities & Fixed Income
TATA MULTI ASSET OPPORTUNITIES FUND CURRENT POSITIONING OF EQUITY, COMMODITIES & FIXED INCOME ASSET & STRATEGY The fund has provision to invest in Reits & Invits as well
Slide 15: Asset Allocation
ASSET ALLOCATION Scheme asset allocation(%) on a monthly basis Treps / Repo / Net Current Equity Commodities Commodities Hedged Equity Debt Assset Reits/Invits Unhedged Unhedged hedged /Liabilities/Mut ual Fund Nov’21 55.85 10.08 10.67 4.65 10.51 8.27 0.00 Oct’21 56.15 10.74 11.08 4.06 17.45 0.44 0.
Slide 16: Commodity Positioning
COMMODITY POSITIONING Tata Multi Asset Opportunities Fund COMMODITIES EQUITIES FIXED INCOME ▪ In the month of November, the fund continued to hold maximum exposure in precious metals via positions in Gold, Silver & Bullion Index. The positions are predominantly hedged trades . We held our exposure i
Slide 17: Equity Positioning
EQUITY POSITIONING Tata Multi Asset Opportunities Fund COMMODITIES EQUITIES FIXED INCOME ▪ The Equity weight in Multi-asset fund has been built gradually since the NFO and averages at 60% for the year. The equity allocation in multi-asset will be relatively static. Sector Views ▪ Financial Services:
Slide 18: Equity Positioning
EQUITY POSITIONING Tata Multi Asset Opportunities Fund COMMODITIES EQUITIES FIXED INCOME ▪ Pharma: Overweight stance is driven by portfolio of generics and API companies as the sector benefits from steady generic prices, improved balance sheets and pipeline of specialty formulations. Pharma sector’s
Slide 19: Fixed Income Positioning
FIXED INCOME POSITIONING Tata Multi Asset Opportunities Fund COMMODITIES EQUITIES FIXED INCOME ▪ RBI Governor kept rates unchanged in this policy against market expectation of 25 basis point rate hike in reverse repo rates. RBI governor expect Consumer price inflation (CPI) to peak in December 2021.
Slide 20: Fund Snapshot
FUND SNAPSHOT Top 10 Holding (%) - Equities Top 10 Sectors (%) - Equities Reliance Industries Ltd. 4.79 Financial Services 17.95 ICICI Bank Ltd. 4.27 IT 9.44 Infosys Ltd. 3.36 Oil & Gas 5.73 HDFC Ltd. 3.33 Cement & Cement Products 4.32 Bharti Airtel Ltd. 3.33 Power 3.98 State Bank Of India 3.16 Cons
Slide 21: Fund Managers
FUND MANAGERS Aurobinda Prasad Gayan Rahul Singh Murthy Nagarajan Sailesh Jain Head- Commodities Strategy Chief Investment Officer (CIO), Equity Head of Fixed Income Equity Fund Manager Aurobinda has over 15 years of With 23 years+ of experience in Capital Murthy brings in a rich and valuable With m
Slide 22: Fund Details
FUND DETAILS Scheme Name TATA MULTI ASSET OPPORTUNITIES FUND The investment objective of the scheme is to generate long term capital appreciation . Investment Objective However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assur
Slide 23: Mutual Fund Investments are subject to market risks
This product is suitable for investors who are seeking*: • Long Term Capital Appreciation. • Investment in equity & equity related instruments, debt instrument and in exchange traded commodity derivatives. *Investors should consult their financial advisors if in doubt about whether the product is su
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