Saturday, September 24, 2011

Headlines
(Global Economy) Italy's credit rating was cut by S&P on concerns of weakening economic growth (Indian Economy) IMF expects India's economic growth rate to moderate to 7.50-7.75% (Economic Calendar) (Global and Domestic Stock Markets) (Derivative Analysis) Nifty Mar Futures closed at 4870.70 (Technical Analysis) Nifty resistance at at 4960-5110 and supports at 4710-4670 (Weekly Recommendations) LT AND BOMDYEING (Sector & Company Highlights) (MF Industry update)

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Saturday, September 24, 2011

Global Economy
U.S. home prices declined 3.3% compared with June, they rose 0.8% Also the unemployment rate stayed above 9% for more than two years, with the exception of slight dips in February and March. Applications for jobless benefits decreased 9,000 in the week ended Sept. 17 to 423,000. US President Barack Obama called for USD 1.5 tn in tax increases over the next decade, largely targeting the wealthy. Obama coupled the call for tax increases with spending cuts that he said would reduce the long-term deficit by USD 3 tn beyond the USD 1 tn that was agreed to as part of a deal to raise the U.S. debt ceiling. Italys credit rating was cut by Standard & Poors on concern that weakening economic growth and a fragile government mean the nation wont be able to reduce the euro-regions second-largest debt burden. The rating was lowered to A from A+, with a negative outlook. Greeces ability to avoid default hangs in the balance as international monitors prepare to assess whether Prime Minister can meet the conditions of rescue loans. Greece is struggling to prove to its partners it is doing enough to receive a sixth tranche of loans to prevent default. They will accelerate budget cuts to keep emergency loans flowing, extending austerity measures that have deepened a recession and failed to ease doubts that it can avoid default. The latest round of cuts targeting civil servants wages and pensioners were demanded by international lenders to ensure Greece reach deficit-reduction targets in a 110 bn-euro (USD 151 bn) bailout and receive a payment due next month. Euro-area services and manufacturing output contracted for the first time in more than two years in September as the regions worsening debt crisis added to concerns that the economy could slide back into a recession.

Global Economic Indicators

Economic Indicators (%) GDP Industrial Production Consumer Price Index Unemployment Rate Current Account Balance % of GDP Trade Balance (USD bn)
Source: Economist

(As on September 23, 2011)

US +1.5 +3.4 +3.8 9.1 -3.3 -706.7

EU +1.6 +4.2 +2.5 10.0 -0.5 -33.4

Japan -1.1 -2.8 +0.5 4.7 +2.3 +31.6

UK +0.7 -0.7 +4.5 7.9 -2.0 -160.0

China +9.5 +13.5 +6.2 6.1 +4.0 +175.3

Brazil +3.1 -0.3 +7.2 6.0 -2.5 +28.6

Russia +3.4 +6.2 +8.2 6.1 +4.9 +172.9

Commodities and Currencies

Commodities fell to a nine-month low, led by routs in metals, on deepening concern that governments are running out of tools to avert a global recession, eroding prospects for raw-material demand. Gold futures for December delivery fell by USD 101, or 5.9%, to settle at USD 1,639 on the Comex in New York. Oil sank below USD 80 a barrel and capped the biggest weekly drop since May as a pledge by Group of 20 nations to tackle rising risks failed to ease concern that the global economy is on the brink of another recession. On the NYMEX division the Crude oil settled at USD 79.85 per barrel.

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Saturday, September 24, 2011

Indian Economy
Inflation based on the Consumer Price Index for Agricultural Laborers (CPI-AL) rose to 9.52% in August, from 9.03% in the previous month. The rate of price rise based on Consumer Price Index for Rural Laborers (CPI-RL) also rose to 9.71% in August from 9.03% in July. The government announced that it has cleared 12 proposals for foreign direct investment in the country worth a total INR 2428.8 mn, including one from Indian Rotorcraft to carry out the assembly of both military and civil helicopters. International Monetary Fund (IMF) expects Indias economic growth rate to moderate to 7.50-7.75% this fiscal, from 8.5% in 2010-11, on account slowing investments and sluggish global recovery. Food price index rose 8.84% and the fuel price index climbed 13.96% in the year to Sept 10. In the previous week, annual food and fuel inflation stood at 9.47% and 13.01%, respectively. The primary articles index was up 12.17%, compared with an annual rise of 13.04% a week earlier. India has lowered its exposure to Americas ballooning debt for three consecutive months, as its holding of the US Treasury bonds fell by USD 4.2 bn between May and July this year. Indias monsoon rains were one percent above normal in the week to Sept. 14, weakening from 39% above average in the previous week.

Indian Debt Markets

Indian federal bond yields were marginally higher tailing the rise in U.S. peers in Asian trade and some recovery in global equity markets with caution also prevailing ahead of the announcement of the borrowing calendar. The 10-year benchmark bond yield was at 8.31%.

Indian Currency Movement

The INR reached 49.43/ USD. INR completed its worst week in 18 years as investors sold emerging-market assets in favor of the relative safety of the dollar amid concern the global economy is slowing. The currency lost 4.6% in the biggest weekly plunge since March 1993.

Headline Inflation by WPI (%) (August 2011) Annualize d Rate (curre nt) Headline Inflation (WPI) 9.78 Internals Primary Products Fue l Powe r and Lubricants Manufacture d Goods
Source: CCIL

INR Exchange Rate (As on September 23, 2011) Current 1 Week USD GBP Euro Ye n 49.67 76.51 66.98 65.10 47.47 74.96 65.79 61.81 Change Weekly 0.05 0.02 0.02 0.05 1 Year 46.37 71.84 60.17 54.65 Change annual 0.07 0.07 0.11 0.19

Annualized Rate (last month) 9.22

12.58 12.84 7.79

11.30 12.04 7.49

Debt Market Yields (%) 10 ye ar Gilt 1 Ye ar Gilt

Source: CCIL

8.36 8.24

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Saturday, September 24, 2011

Economic Calendar
India Date Eve nt Pe riod 17-Sep 17-Sep 17-Sep Prior 8.8% 14.0% 12.2% 29-Sep Food Articles WPI YoY 29-Sep Fue l Power Article s WPI YoY 29-Sep Primary Article s WPI YoY
US Date Eve nt Pe riod AUG JUL SEP 23-Sep 2Q T 2Q T 24-Sep Prior 298K -4.5% 44.5 0.6% 1.0% 0.4% 26-Sep Ne t Home Sale s 27-Sep S&P /CS Composite -20 YoY 27-Sep Consume r Confide nce 28-Sep MBA Mortgage Applications 29-Sep GDP QoQ(Annualized) 29-Sep Pe rsonal Consumption 29-Sep Initial Jobless Claims

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Saturday, September 24, 2011

Key Indices Global Close Dow Jones NASDAQ S&P 500 FTSE DAX Hang Seng Nikke i-225 10771.5 2483.2 1136.4 5066.8 5196.6 17668.8 8560.3 Key Indices (Indian) Indices BSE SENSEX NSE NIFTY BSE MIDCAP BSE SMALL CAP Sectoral Indices BSE AUTO BSE METALS BSE BANKEX BSE IT 8419.5 11513.8 10760.7 4985..6 Weekly Gainers (BSE 100) ULTRATECH UNIONBANK 1156.8 243.8 3.0% 2.4% (4.70) (6.00) (3.30) (2.30) Close 16162.1 4867.8 6222.8 7041.1 % Change (wee k) (4.60) (4.30) (2.60) (2.40) % Change (wee k) (6.40) (5.30) (6.50) (5.60) (6.80) (9.20) (3.40)

Global and Domestic Stock Markets

Global
Global markets remained extremely volatile as concerns continued over the state of global economy. Fed meeting did not bring any positives. There is still no clarity on the Euro Zone crisis. Greece, Italy, Spain remains under cloud. European banks remain under stress. The uncertainty is driving markets lower. Commodities also sharply corrected. Crude, silver, gold all took a beating. Significant volatility is being seen in the currency front. There will not be any space to hide. US Data to watch next week: New Home Sales MoM, MBA Mortgage Application, Initial Jobless Claims, GDP QoQ (Annualized), personal Consumption, Consumer Confidence.

Domestic Performance of Sectoral Indices

The domestic markets also lost ground in line with the international markets. FIIs turned significant net sellers towards the end of the week. The domestic markets are also getting affecting on account of the global turmoil. Currency moves have not helped with rupee almost breaching 50 levels. The rally was seen in interest rate sensitive sectors and they bore the brunt of the fall as well. Commodity remained weak in line with global markets. Reliance among large caps corrected sharply post reports of likely government action on lower gas output. Data to watch next week: Food Articles WPI YoY, Fuel Power Light WPI YoY, Primary Articles WPI YoY, Current Account Balance.

Outlook
The overall environment remains volatile. Commodities will clearly remain under pressure. With flows turning negative, pressure will be on sectors with larger FII holding from a short term perspective. With commodities, currency all coming under pressure, the markets are entering near panic mode internationally as well as locally. Governments will need to act together to

Weekly Losers (BSE 100) IVCRCL SHRIRAM TRANSPO 36.8 603.9 -15.0% -10.4%

bring clarity over the current volatile situation. G20 will need to act and act fast. We should see some solutions coming through by October end but till clarity emerges, situation will be volatile. Value investors can look to invest in PSU banks, infrastructure, and auto from a long term perspective.

Weekly Turnover (in INR Bn) BSE NSE CASH NSE F&O Institutional Activity in INR Bn (Weekly) Institutions FII DIIs Net Inflow -21.9 11.4 128.4 512.8 7338.6

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Saturday, September 24, 2011

Derivative Analysis
OI Analysis 14,000,000 12,000,000 10,000,000 8,000,000
Call Option Put Option

Market Snapshot
Nifty September Futures closed at 4870.7 (Premium of 2.95 points over the Nifty spot) Open interest Nifty FUTIDX (Expiry 29 Sept): 23.70 mn. Open interest BankNifty FUTIDX (Expiry 29 Sept): 2.04 mn. India VIX for the week ended at 35.16, up 6.71 from previous weeks close (28.45). In the week VIX touched low of 25.99 and high of 37.55. Weekly Open Interest Analysis (Nifty Option)

OI
6,000,000 4,000,000 2,000,000 -

4 70 0

4 80 0

5 00 0

5 10 0

5 20 0

5 40 0

5 50 0

45 0 0

46 0 0

49 0 0

53 0 0

Across all expiries, open interest is highest at 5000, 5100 & 5200 call options, while open interest in the put options is highest at 4800, 4700 & 4600 strike prices, suggesting 4700-5100 to be the trading zone for Nifty index in short term.

Strike

Change in OI 8,000,000 7,000,000 6,000,000 5,000,000

Call Option Put Option

Sector Wise OI Change: The Sectors that witnessed positive OI change are BANK, PHARMA, CAPITAL GOODS, CEMENT while AUTO and IT saw decrease in OI

OI-Cha nge

4,000,000 3,000,000 2,000,000 1,000,000

Top 5 Price Gainers

SCRIPS
4 8 00 520 0 5 300 450 0 470 0 500 0 540 0 46 00 49 00 5 500 51 0 0

0 (1,000,000) (2,000,000)

% Change - Price Cash Future 5.17 4.65 3.52 2.29 3.31 6.01 5.81 3.45 3.25 3.23

%Change - Volume % Change Cash Future in OI 114.09 -67.65 511.81 -69.13 -50.83 496.49 -74.50 292.81 23.26 -43.46 15.33 -2.62 -12.22 -11.85 -18.44

Strike

RUCHISOYA GMDC OFSS HEXAWARE BOMBDYEING

Cement CapitalGoods IT

S e c tor s

Pharma Auto Metal&Mining Oil&Gas Realty Bank Power

-1 0 0 % -5 0 % 100% 150% 200% 250% 50% 0%

Top 5 Price Losers

SCRIPS CUMMINSIND BAJAJHIND IVRCLINFRA PANTALOONR JISLJALEQS % Change - Price Cash Future -28.40 -17.68 -14.93 -11.93 -11.09 -28.61 -17.96 -15.63 -12.29 -11.46 %Change - Volume % Change Cash Future in OI 155.81 -13.23 -4.54 22.59 19.85 47.52 -53.03 -25.08 56.17 23.83 32.68 40.97 -13.19 -12.15 -1.65

% Change in OI

Nifty PC Ratio
1.3 1.2 1.1
PCR

0.9 0.8 0.7

20-S ep 21-S ep 22-S ep 23-S ep 19-Sep

0.6

Date

Top 10 Volume Gainers SCRIPS % Change in F&O % Change Volumes Price Open Interest (Delivery Based) RUCHISOYA 5.2% 15.3 112.3% MCLEODRUSS -1.8% 0.9 335.7% DCHL 3.2% -1.0 134.1% BEL -1.4% 22.1 200.9% OFSS 3.5% -12.2 1183.9% ADANIPOWER -2.4% 9.7 -48.2% TATACOMM -6.0% 14.0 417.4% ABIRLANUVO -1.9% 3.4 -57.6% JINDALSWHL -6.2% 0.0 42.5% MPHASIS -3.7% -3.2 -88.3%

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Saturday, September 24, 2011

Technical Analysis

(Source: Iris)

Conclusion
Last week Nifty shut on a negative note @ 4867.75 and down by 216.50 points from the previous week's close. Technically Nifty on weekly chart has formed bearish candle stick pattern, which shows sideways to negative sentiment in coming sessions. Nifty spot on weekly has opened at 5068.40 and made a high of 5168.40 and made a low of 4829.60 then finally closed sideways to negative at 4867.75. Stochastics and the RSI are slightly oversold and sideways signaling that selling pressure at resistance levels are possible short-term. Nifty closed above the 50 day moving average (5194) indicates the short term trend could be turning sideways to negative. Stochastics trending lower at midrange will tend to reinforce a move higher especially if resistance levels are taken out. The market setup is somewhat sideways trend with trading range between 4700-5100. The next area of resistance is around at 4960-5110. So Nifty appears to be sideways trading on weekly chart having supports at 4710-4670 levels. For short term trading long positions, stop loss of 4825 is advisable. Weekly Nifty has resistance at 4960-5110 and supports at 4710-4670. Weekly Sensex has resistance at 16540-16995 and supports at 15700-15550. Weekly Bank Nifty has resistance at 9600-9800 and supports at 9050-8850.

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Saturday, September 24, 2011

Weekly Recommendations

Larsen & Toubro Ltd LTP 1451.25 View: Negative

Oscillators Analysis: Stochastics and the RSI is negative crossover and are in oversold territory on weekly chart reading, which indicate bearish sentiment in stock momentum with hefty volume support. Pattern Analysis: A clear neckline breakdown in head and shoulder pattern and multiple resistance zone at 1500-1515, which indicates stock may downside till support level, is a confirmation of a trend in that direction. Technical Analysis: LT has bearish candle stick formation on weekly chart with good volume support. Stock has downtrend and support at 1300-1240 levels, which is support zone. Weekly RSI has shown overbought and negative crossover into overbought territory which will tend to resistance is reversal action if it occurs. The market tilt is negative with the close below trend line support at 1510 levels on weekly chart basis. The next area of support is around 1300-1240, while 1st resistance hits at 1500 and above there at 1550. It is also heading towards support zone at 1300-1240. We recommended the stock at market price and rise till 1510 with stop loss at 1575 (closing basis) for a target of Rs. 1250.

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Saturday, September 24, 2011

Bombay Dyeing & Mfg Company Ltd LTP 355.50 View: Positive
Oscillators Analysis: Stochastics and RSI are highly over sold territory and positive crossover from lower levels on weekly chart reading, MACD has neutral zone on daily chart, which indicates positive sentiment in stock momentum. Pattern Analysis: A clear double bottom formation in weekly chart and trend line resistance at 365, which indicates stock upside, is a confirmation of a trend in that direction with volume support. Technical Analysis: On Weekly chart BOMDYEING closed above 20 week moving average at 343, which is good support zone with decent volume support, which indicates positive sentiment in short term trading and strong buying pressure initially above resistance zone at Rs.365, we expect the momentum to continue till next resistance at 388-414 on the upside targets. And any genuine correction should see in stock price around supports at 344, which should be used as a buying opportunity for the potential target 388-414. We recommended the stock in the range of 345-340 with stop loss below at 330 (on closing basis) for a target of Rs. 375-390.

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Saturday, September 24, 2011

Sector & Company Highlights

Auto
Maruti to invest USD 1.3 bn in new plant in Gujarat. Global automakers are flocking to the business-friendly Gujarat recently, with Ford Motor and PSA Peugeot Citroen both announcing investment plans in the state.

Metal & Capital Goods

Coal India eyes 5 mn tonne output from two blocks in Mozambique by 2015. Both the mines in Mozambique have an estimated reserve of 1 billion tones. It would look at acquiring more mines in the African nations in the future.

Pharma
Promoters of Elder Pharmaceuticals have pledged 1 mn more shares of the company, taking the quantum of such shares of the firm to 9.4%. Semit Pharmaceuticals Chemicals Pvt Ltd, a part of the promoter group has pledged 1 mn shares of the company on September 19, 2011. Post the latest transaction, the total number of pledged shares stood at 1.94 mn, aggregating 9.46% stake in the company. Indias leading lobby group of drug makers has asked the government to allow foreign direct investment in the sector, less than a year after it demanded curbs on increasing takeovers of domestic companies by global giants.

IT
HCL inks 5-yr software deal with Deutsche Bank to provide application support solutions Subex Ltd, a leading global provider of business support systems for communications service providers, today announced the signing of an Asset Purchase Agreement with NetCracker for sale of its activation business.

Power
GVK Power has agreed to acquire Australias Hancock Coal for $1.26 billion, plans to invest $10 bn more. The deal, which includes acquiring majority holding in coal resources and railway line and port infrastructure projects of Hancock Coal, will offer option for long term coal supply contracts for the purchase of up to 20 mn tonne every year. This can support around 7,500 megawatts of power generating capacity. NTPC to take power generation capacity to 36k MW by March. The company is working on projects of about 40,000 MW at present. Projects with capacity of over 14,000 MW are under various stages of implementation PFC gets RBI nod for $1 bn overseas debt issue. Debt will be raised via offshore medium-term note borrowing, which will mark PFCs debut in the international bond market. The borrowing will be utilized for funding the power projects, including ultra mega power projects, financed by the company.

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10

Saturday, September 24, 2011 Mutual Fund Insights

Scheme Update
JP Morgan Mutual Fund has declared to revise exit load structure under JP Morgan India Short Term Income Fund for all investment option. As per revised structure of an exit load of 0.50 per cent will be charged if units redeem or switch out within 3 months from the date of allotment. The investment objective of the scheme is to generate income by investing primarily in money market and short term debt instruments. The revised exit load structure will be effective from 21st September 2011. Principal Mutual Fund has declared dividend for Principal Government Securities Fund, Principal Income Fund - Long Term Plan, Principal Monthly Income Plan MIP Plus and Principal Monthly Income Plan under quarterly dividend option, on the face value of Rs.10 per unit. Under Principal Government Securities Fund and Principal Income Fund - Long Term Plan the quantum of dividend will be Rs. 0.2000 per unit and Rs. 0.1500 per unit respectively. Furthermore, the quantum of dividend for distribution will be Rs. 0.2400 per unit for Principal Monthly Income Plan - MIP Plus and Rs. 0.0900 per unit for Principal Monthly Income Plan. The record date for dividend distribution is 23rd September 2011. Birla Sun Life Mutual Fund has announced the merger of Birla Sun Life Basic Industries Fund into Birla Sun Life Infrastructure Fund and Birla Sun Life Freedom Fund into Birla Sun Life 95 Fund, with effect from 21st October 2011. Accordingly, all the existing unitholders of Birla Sun Life Basic Industries Fund and Birla Sun Life Freedom Fund have an exit option without payment of any exit load; the option can be availed from 22nd September 2011 till 21st October 2011.
-30 -25 -20
Debt

MFTrading Activity ( In Billions)

21-Sep

20-Sep

19-Sep
-5 0
Debt

10
Equity

15

20

FII Trading Activity ( In Billions)

23-Sep 22-Sep 21-Sep 20-Sep 19-Sep

-15 -10
Equity

-5

10

Source: Accord Fintech

Weekly Activity
Date Mutual Fund Activity 21-Se p-11 20-Se p-11 19-Se p-11 FII Activity 23-Se p-11 22-Se p-11 21-Se p-11 20-Se p-11 19-Se p-11
Source: Accord Fintech

Equity (INR in Bn) Purchase 6.55 3.49 2.47 Sales 4.39 4.58 3.26 Net Purchase /Sales 2.16 -1.09 -0.79 Purchase 29.38 33.24 32.65

Debt (INR in Bn) Sales 13.05 23.31 29.07 Net Purchase /Sales 16.33 9.93 3.58

13.53 20.62 21.31 15.60 36.67

25.88 17.28 17.53 15.64 32.72

-12.35 3.34 3.79 -0.04 3.95

7.16 17.57 5.95 14.57 3.46

31.84 17.64 10.74 7.96 13.29

-24.69 -0.07 -4.79 6.62 -9.83

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11

Saturday, September 24, 2011

New Fund Offers
Fund Opens Closes Structure Fund Manager Investment Objective To generate returns through investments in debt Close ended Mr. Deepak Agrawal, Mr. Abhishek Bisen and money market instruments with a view to signific antly reduc e the interest rate risk. The S c heme will invest in debt and moneymarket sec urities, maturing on or before maturity of the sc heme. Birla SL FTP -DN(G) 20-S ep 26-S ep Close ended To generate inc ome by investing in a portfolio of Mr. Kaustubh Gupta fixed inc ome sec urities maturing on or before the duration of the sc heme. Ms. Ric ha S harma, To ac hieve growth of c apital through investments Mr. Hareshwar Karekar made ina basket of debt/ fixed inc ome sec urities maturing on or before the maturity of the S c heme. To DSP BR FMP -133M(G) 22-S ep 26-S ep Close ended Mr. Dhawal Dalal seek to generate returns and c apital Crisil Liquid Fund Index Crisil S hort-Term Bond Fund Index Crisil S hort-Term Bond Fund Index Benchmark

Kotak FMP 58 (G)

16-S ep 26-S ep

L&T FMP -IV (Sept 367D)-A(G)

23-S ep 26-S ep

Close ended

Crisil S hort-Term Bond Fund Index

apprec iation by investing in a portfolio of debt and money market sec urities. The S c heme will invest only in suc h sec urities whic h mature on or before the date of maturity of the S c heme. To seek to generate regular returns by investing in a portfolio of fixed inc ome sec urities/debt

ICICI P ru FMP -5819M-F-(G)

19-S ep 26-S ep

Close ended

Mr. Chaitanya Pande

instruments maturing on or before the maturity of the Plans under the S c heme. However, there c an be no assuranc e that the investment objec tive of the Plans under the S c heme will be realized.

Crisil Composite Bond Fund Index

Crisil Composite Religare FMP - IX E(G) Close ended To generate inc ome by investing in a portfolio of Mr. Nitish S ikand debt and money market instruments maturing on or before the date of maturity of the S c heme. Bond Fund Index , Crisil Liquid Fund Index , Crisil S hort-Term Bond Fund Index To seek to generate regular returns and growth of c apital by investing in a diversified portfolio of Reliance FHF-XX 6(G) 22-S ep 26-S ep Close ended Mr. Amit Tripathi Central and S tate Government sec urities and Other Crisil S hort-Term fixed inc ome/ debt sec urities maturing on or before the date of maturity of the sc heme with the objec tive of limiting interest rate volatility. To provide regular inc ome, liquidity and returns to the investors through investments in a portfolio SBI DFS-90D-49(G) 23-S ep 26-S ep Close ended Mr. Rajeev Radhakrishnan c omprising of debt instruments suc h as Crisil Liquid Fund Index Government S ec urities, PS U & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the sc heme. To seek to generate regular returns and growth of c apital by investing in a diversified portfolio of Reliance FHF-XX 7(G) 23-S ep 27-S ep Close ended Mr. Amit Tripathi Central and S tate Government sec urities and Other Crisil S hort-Term fixed inc ome/ debt sec urities maturing on or before the date of maturity of the sc heme with the objec tive of limiting interestrate volatility. Bond Fund Index Bond Fund Index

16-S ep 26-S ep

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12

Saturday, September 24, 2011

Fund Opens Closes Structure Close ended Fund Manager Investment Objective To seek to generate inc ome by investing in a Mr. Kaustubh Gupta portfolio of fixed income sec urities maturing on or before the duration of the sc heme. Mr. Girish Hisaria, Mr. Vikas Agrawal To generate regular returns through investments in fixed income securities maturing on or before the date of the maturity of the scheme. To seek capital protection by investing in high Birla SL CP O-Sr 7 15-S ep 29-S ep Close ended Mr. S atyabrata Mohanty, Mr. Ajay Garg quality fixed income securities maturing in line with the tenure of the scheme and seeking c apital appreciation by investing in equity and equity related instruments. To protect the capital invested (face value of Rs. Mr. Rajeev SBI CP O-III(G) 15-S ep 29-S ep Close ended Rama Iyer S rinivasan 10 per unit) on maturity of the scheme through market instruments at the same time also seeking to provide investors with opportunities for longterm growth in capital. To achieve a long term growth. The sc heme seeks Close ended Mr. Bhupinder S ethi, Mr. Murthy Nagarajan toachieve investment objective by BS E S ENS EX , Crisil Liquid Fund Index investing systematic ally in the Equity /Equity related instruments.However there can be no assurance that the investment objec tive of the sc heme trends. To generate income by investing in high quality Axis Hybrid fund -S3(G) 16-S ep 30-S ep Close ended Mr. R S ivakumar, fixed inc ome sec urities whilst the secondary Crisil MIP Blended Index investing in equity and equity related instruments. ICICI P ru Regular Gold Savings(G) Open ended Mr. Chaitanya Pande To provide investment returns to returns of the that closely underlying Gold-India Mr. Jinesh Gopani objective is to generate c apital appreciation by will be realized, as ac tual market movements may be at variance with anticipated Index Radhakrishnan, Mr. focused investments in equity debt and money Crisil MIP Blended Crisil Balanced Fund Index Benchmark Crisil S hort-Term Bond Fund Index Crisil Liquid Fund Index , Crisil S hort-Term Bond Fund Index

Birla SL FTP -DM(G)

14-S ep 28-S ep

JM FMF-XX-D(G)

15-S ep 28-S ep

Close ended

Tata SIP -S3(G)

20-S ep 30-S ep

20-S ep

4-Oc t

c orresponds

Goldlinked fund(s) or S c hemes. To seek to protect c apital by investing a portion of the portfolio in good quality debt sec urities & money market instruments and also to provide

ICICI P ru CP O-IV36M-(G)

22-S ep

5-Oc t

Close ended

Mr. Chaitanya Pande, Mr. Mrinal S ingh

c apital apprec iation by investing the balance in equity and equity related securities. The securities would mature on or before the maturity of the Plan under the S cheme. However, there can be no assurance that the investment objec tive of the Plan under the S cheme will be realized.

Crisil MIP Blended Index

Source: Accord Fintech

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13

Saturday, September 24, 2011

Weekly Recommendations (Equity & Hybrid) NAV Scheme Name ICICI Pru Dynamic(G) Fide lity Equity(G) ICICI Pru Discove ry(G) Category: Largecap Franklin India Blue chip(G) HDFC Top 200 Fund(G) DSPBR Top 100 Equity-Re g(G) Category: Monthly Income Plans Birla SL MIP(G) Re liance MIP(G) HDFC MIP-LTP(G) Category: Balanced Funds HDFC Prude nce (G) HDFC Balance d(G) Tata Balance d(G)
Weekly Recommendations (Debt) NAV Scheme Name Category: Floating Rate Birla SL FRF-LT(G) DSPBR FRF-Re g(G) LIC Nomura MF FRF-STP(G) Category: Income - Long term Birla SL Dynamic Bond-Ret(G) ICICI Pru Income-Re g(G) DSPBR Govt. Se c(G) Category: Income - Short term Templeton India Low Duration Fund(G) Templeton India Income Opportunity(G) UTI ST Income (G) Category:Ultra Short Term Fund Templeton India Ultra-ST-Re t(G) Kotak Floater-ST(G) Tata Floate r(G) Category: Liquid HDFC Cash Mgmt-Savings(G) IDFC Liquid-A(G) Tata Liquid-RIP(G)
Source: Accord Fintech

Absolute Return (In %) 1 Week 1 Month -3.18 -2.89 -2.53 -2.79 -3.18 -3.69 -0.28 -0.17 -0.40 -1.66 -1.51 -2.27 -0.43 -0.57 -1.10 -0.06 -1.38 -1.59 0.19 0.32 -0.14 -0.91 -0.43 -0.62 1 Year -11.54 -13.61 -14.47 -11.70 -16.46 -13.43 3.47 1.69 1.83 -6.92 -0.55 -7.16

CAGR (In %) Since Inception 28.83 20.28 22.85 22.89 21.43 29.44 9.55 10.69 11.43 18.60 16.66 16.00

(23 Sep 11) 95.35 32.35 43.16 196.90 186.28 90.73 26.89 21.90 23.13 203.01 54.77 78.91

BETA 0.70 0.80 0.70 0.78 0.88 0.77 0.09 0.31 0.17 0.18 0.17 0.31

ALPHA 0.00 0.00 -0.01 0.01 0.00 0.00 0.00 -0.01 -0.01 -0.04 -0.01 -0.04

Expense Ratio 1.82 1.84 1.92 1.83 1.78 1.84 2.09 1.54 1.52 1.80 2.11 2.34

Absolute Return (In %) CAGR

(In %)

(23 Sep 11) 1 Week 1 Month 1 Year Since Inception 17.57 16.35 16.58 17.13 32.02 34.00 11.00 11.48 17.55 13.04 16.73 15.31 21.36 1441.59 2331.71 0.19 0.16 0.16 0.32 0.15 0.41 0.17 0.14 0.09 0.16 0.17 0.17 0.16 0.17 0.15 0.77 0.66 0.67 0.49 0.19 0.41 0.74 0.67 0.61 0.72 0.75 0.76 0.73 0.73 0.68 8.51 7.92 6.85 7.79 5.09 3.93 9.02 7.61 8.76 8.35 8.52 8.65 8.26 8.50 7.86 7.02 6.05 6.98 8.01 9.20 10.75 8.61 7.06 7.30 6.48 7.29 6.58 6.88 6.69

YTM

Average Days

Modified Expense Ratio 0.14 0.80 0.60 0.79 2.13 1.24 0.65 1.35 0.59 0.65 0.57 0.25 0.41 0.20 0.65 Days 54.75 222.65 25.20 912.50 1744.70 1668.05 69.35 262.80 0.00 43.80 29.20 0.00 23.00 35.82 0.00

Maturity In Duration in 54.75 244.55 26.40 1003.75 2679.10 2489.30 76.65 372.30 938.05 47.45 29.20 60.90 25.00 38.34 30.00

9.00 0.00 0.00 9.75 9.43 0.00 9.79 0.00 9.29 9.30 9.07 0.00 0.00 8.55

8.02 10.06

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: wealthresearch@unicon.in

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Saturday, September 24, 2011

Dividend Declaration
Scheme Name Baroda Pione e r MIP(MD) Baroda Pione e r Tre asury Adv-Re g(MD) Daiwa Tre asury Advantage -Re g(MD) ICICI Pru LT FRF-A(MD) ICICI Pru LT FRF-B(MD) ICICI Pru MIP 25(MD) ICICI Pru MIP(MD) Mirae Asse t Ultra ST Bond-Re g(MD) Re liance FRF ST(MD) Re liance Me dium Te rm(MD) Re liance MIP(MD) Re liance Mone y Manage r-Inst(MD) Re liance Mone y Manage r-Re t(MD)
Source: Accord Fintech

Category Hybrid De bt De bt De bt De bt Hybrid Hybrid De bt De bt De bt Hybrid De bt De bt

Record Date 23-Se p-11 23-Se p-11 23-Se p-11 23-Se p-11 23-Se p-11 22-Se p-11 22-Se p-11 23-Se p-11 20-Se p-11 21-Se p-11 21-Se p-11 20-Se p-11 20-Se p-11

Gross 0.66 0.71 0.68 0.63 0.62 0.97 0.84 0.01 0.65 0.70 0.60 0.68 0.66

Corporate Non-Corporate 0.50 0.53 0.51 0.47 0.47 0.79 0.63 0.00 0.49 0.53 0.45 0.51 0.49 0.58 0.62 0.59 0.55 0.54 0.92 0.74 0.01 0.57 0.62 0.53 0.59 0.58

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: wealthresearch@unicon.in

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Saturday, September 24, 2011

Disclaimer
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