My Financial Advisor

3-40, Dheeraj Heritage, S. V. Road,

Milan Subway Junction,
Santacruz (W),
Mumbai – 400 054
Email: info@myfinad.com www.myfinad.com
Tel: +91-22-2660 5075 / +91-22-2660 1302

09/05/2009

Dear Mr. Acharya,

As discussed with you we are planning to adopt the following strategy

1. Use the rally to exit dud stocks & mutual funds or rather be very selective about the stocks & mutual
funds in the portfolio. The idea is to have a portfolio of around 12-14 stocks , 8-10 mutual funds and
prune the portfolio to manageable levels and exit the aggressive ones.
2. Invest the proceeds in liquid plus fund for some times.
3. Post the election results; invest the funds in the stocks and mutual funds that we have short listed.

Your stock portfolio consist of 24 stocks valued Rs.4.12 Lakhs. We have recommended you to sell around
12 stocks valued Rs.60,000 approximately. The proceeds as mentioned above can go in a liquid plus
fund….You can then look at picking up the following

BHEL, Bharti, Rcom (add to existing)

Axis / Bank of India
ICICI Bank, Tata Steel, (add to existing)
Tata Motors
Sterlite (add to existing), Suzlon
Larsen & Toubro (add to existing)
Reliance Infrastructure,

We will take a call post election results.

Dinesh Acharya
Stocks to be Kept
Stocks to be sold

Stock Qty Mkt. Val Stock Qty Mkt. Val

1 3i Infotech 20 1,017 1 BHEL 16 26,360

 2 Aban Offshore 6 2,730 2 Bharti Airtel 37 28,393

3 Adlabs 50 11,657 3 HDFC 8 13,919

4 DLF Ltd. 90 21,636 4 ICICI Bank 40 20,824

5 Future Capital Holdings 18 2,742 5 Larsen & Toubro 618 104,034

6 GMDC. 4 282 6 Punj Lloyd 81 17,077

7 IFCI 100 2,660 7 Reliance Capital 312 14,368

8 Jupiter Biosciences 20 1,002 8 RCOM 158 26,404

9 TCS 10 6,302 9 Reliance Industries 1,326 55,013

10 Unitech 14 739 10 SBI 965 10,601

11 Usha Martin 65 2,704 11 Sesa goa 86 20,936

12 Sterlite 315 7,379 12 Tata Steel 50 14,125

Total 60,850 Total 352,054

Your mutual fund portfolio consists of total 12 mutual funds valued at Rs.3.30 Lakhs approximately. We
have recommended you to redeem around 7 Funds valued Rs.1.12 Lakhs immediately. Funds will be parked
in liquid plus funds and over a period of time we can move into less aggressive excellent diversified equity
fund such as HDFC Top 200 Fund, HSBC Equity Fund, DSP BR Top 100 Fund.

There is one close ended fund that has not done well at all but we cannot exit it at this point of time. During
our next review we can decide on what needs to be done there.

Mutual Funds to be Redeemed Mutual Funds to be Kept

Market Market
Scheme Scheme
Value Value

1 Reliance Vision Fund 6,702 1 BSL Frontline Equity Fund 17,853

2 UTI Infrastructure Fund 50,295 2 Reliance Growth Fund 44,777

3 UTI Master Share 11,639 3 HDFC Top 200 G Fund 6,807

4 Kotak Opportunities Fund 1,910 4 SBIMF MSFU Contra Fund 49,216

5 ICICI Prudential Power Fund 9,669 5 DSP BR Balanced Fund 100,000

 6 Tata Equity Opportunities Fund 10,000

(3 years closed ended post that it

7 Tata Tax Advantage Fund -1 21,844
is open ended)

Total 112,059 Total 218,653

As explained to you, the idea is not to exit equity as an asset class permanently but take advantage of the
rally, book out of not so great investments and move into better investments. We do not intend to book a
loss but want to ensure that the losses can be covered over a period of time by going into meaningful
investments.

Let us know if you have any questions.

Best Regards

Milin Shah.