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Titanium Hybrid Long-Short Fund Regular Plan Growth Units Regular Plan Growth — Tata Multi Asset Opportunities Fund — Investor Presentation (September 2022)
24 slides from Titanium Hybrid Long-Short Fund Regular Plan Growth Units Regular Plan Growth's investor presentation, September 2022
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.)
Slide 2: Winners may not repeat... and neither do losers
WINNERS MAY NOT REPEAT…. CY2016 CY2017 CY2018 CY2019 CY2020 CY2021 Base Metal Equities Fixed Income Bullion Bullion Base Metal 19% 33% 6.6% 16% 27% 30% Commodity Components • Bullion - Gold & Silver, Cash-Settled Composite Trade Contracts Fixed Income Base Metal Equities commodities Base Metal Equit
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 of net asset value of the scheme, except for Gold ETF Investment Limits • Multi Assets Allocation Scheme – up to 30% of net asset value of the scheme • No Net Short Positions in ET
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: Asset & Strategy: Tata Multi Asset Opportunities Fund
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% FIXED REITS & COMMODITIES EQUITY INCOME INVITS Min:10% Min:65% Min:10% Min:0% ASSET & STRATEGY *Equity exposures to be hedged if required based on outlook
Slide 10: Fund philosophy and multi asset, multi strategy portfolio
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 have the potential to enhance overall combination of asset classes returns of the p
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 / Equity Commodities Commodities Mutual Fund Net Current Hedged Equity Debt Unhedged Unhedged hedged Units Assset /Liabilities Aug-22 58.05 8.58 11.30 5.24 12.32 0.00 4.51 Jul-22 58.77 8.73 12.66 6.05 12.49 0.00 1.30 Jun-22
Slide 16: Commodity positioning
COMMODITY POSITIONING Tata Multi Asset Opportunities Fund COMMODITIES EQUITIES FIXED INCOME ▪ The equation is getting clearer day by day. Selected commodity prices are correcting downward incessantly over the past few months. Especially, Industrial ferrous and non-ferrous metal prices have dropped w
Slide 17: Commodity positioning
COMMODITY POSITIONING Tata Multi Asset Opportunities Fund COMMODITIES EQUITIES FIXED INCOME ▪ The current environment suggests commodities trend will be non-linear in the short to medium term. Risk-off trade shall continue to support gold bullion while silver, that has declined sharply in the recent
Slide 18: Equity positioning: sector views
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 59% for the year. The equity allocation in multi-asset will be relatively static. Sector Views ▪ Financial Services:
Slide 19: 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 20: Fixed income positioning
FIXED INCOME POSITIONING Tata Multi Asset Opportunities Fund COMMODITIES EQUITIES FIXED INCOME ▪ Federal Reserve hikes rates by 75 basis points with hawkish guidance, Increases terminal rates expectation to 4.75 % ▪ Other Central Banks follow the Federal Reserve in hiking rates by 50 to 100 basis po
Slide 21: Fund snapshot
FUND SNAPSHOT Top 10 Holding (%) - Equities Top 10 Sectors (%) - Equities ICICI Bank Ltd. 5.64 Financial Services 23.25 HDFC Bank Ltd. 4.56 Information Technology 7.50 Reliance Industries Ltd. 3.94 Capital Goods 4.62 HDFC Ltd. 3.72 Oil Gas And Consumable Fuels 4.58 State Bank Of India 3.14 Healthcar
Slide 22: Fund managers
FUND MANAGERS Rahul Singh Murthy Nagarajan Sailesh Jain Aurobinda Prasad Gayan Chief Investment Officer (CIO), Equity Head of Fixed Income Equity Fund Manager Head- Commodities Strategy With 23 years+ of experience in Capital Murthy brings in a rich and valuable With more than 16 years of experience
Slide 23: 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 24: Mutual fund investments are subject to market risks
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully
Tata Multi Asset Opportunities Fund — Investor Presentation (September 2022) on 6ix