Saturday, October 01, 2011

Headlines
(Global Economy) German lawmakers approved an expansion of the euro-area rescue fund (Indian Economy) The food price index rose 9.13% WoW (Economic Calendar) (Global and Domestic Stock Markets) (Derivative Analysis) Nifty September Futures closed at 4931 (Technical Analysis) Nifty Supports at 4880-4800 and resistance 5020-5110. (Weekly Recommendations) JPASSOCIATE & GSPL (Sector & Company Highlights) (MF Industry update)

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

Saturday, October 01, 2011

Global Economy
The U.S. economy grew at a pace of 1.3% in the second quarter, following a 0.4% increase in the first three months of the year. Orders for U.S. capital goods climbed in August, a sign business investment continues to support the recovery. Bookings for goods like computers and communications gear, excluding military hardware and aircraft, climbed 1.1% Confidence among U.S. consumers stagnated in September as the share of households saying it was difficult to find a job climbed to the highest level in almost three decades. The Conference Boards sentiment index increased to 45.4 from a revised 45.2 reading in August. Purchases of new houses in the U.S. declined in August to a six-month low as the biggest drop in prices in two years failed to lure buyers away from even less expensive distressed properties. Sales, tabulated when contracts are signed, dropped 2.3% to a 295,000 annual pace. German lawmakers approved an expansion of the euro-area rescue funds firepower, freeing the way for European officials to focus on what next steps may be needed to stem the debt crisis. It raises Germanys guarantees to 211 bn euros (USD 287 bn) from 123 bn euros. German unemployment declined in September, suggesting the labor market in Europes largest economy is weathering the regions worsening debt crisis. The adjusted jobless rate slipped to 6.9% from 7% in the previous month. German inflation accelerated more than economists forecast in September to the fastest pace in three years. The inflation rate increased to 2.8% from 2.5% in August. Germany cut its fourth-quarter debt-sale plan, the second quarterly reduction this year, after tax receipts boosted government coffers and reduced net new borrowing needs. The government will cut gross borrowing in the last three months of this year by 16 bn euros (USD 21.6 bn), a 24% reduction from the initial amount, to 52 bn euros. The European Union proposed a financial-transactions tax that would take effect in 2014 and raise about 57 bn euros (USD 78 bn) a year, prompting renewed opposition from the U.K. The proposal would apply a tax of 0.1% on trading of stocks and bonds, with a 0.01% rate for derivatives contracts. European Central Bank policy makers are likely to debate restarting their covered-bond purchases along with further measures to ease monetary conditions.

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 October 1, 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 +177.7

Commodities and Currencies

Oil capped the largest quarterly drop since the 2008 financial crisis by tumbling to a one-year low as signs of slowing growth in China, the U.S. and Germany heightened concern that fuel demand will weaken. Crude oil for November delivery fell by USD 2.94 to USD 79.20 a barrel on the NYMEX, the lowest settlement since Sept. 29, 2010. Futures dropped 11% this month, the biggest decline since May 2010, and lost 0.8% this week.

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

Saturday, October 01, 2011

Indian Economy
The food price index rose 9.13% and the fuel price index climbed 14.69% in the year to September 17. In the previous week, annual food and fuel inflation stood at 8.84% and 13.96%, respectively. The primary articles index was up 11.43%, compared with an annual rise of 12.17% a week earlier. The government announced that it will increase its market borrowings by INR 52.8 bn to INR 4700 bn in 2011-12, but said the fiscal deficit target of 4.6% remains intact. With this, the gross market borrowing for the full fiscal 2011-12 will rise to INR 4700 bn, up from the budgeted INR 4170 bn. year to end-March despite increased global economic uncertainty. Foreign institutional investors (FIIs) have sold more than $2.2 billion worth of Indian shares since August, as fears of a recession in the developed world lowered risk appetite. The partially convertible rupee, which hit a 28-month low at 49.90/ USD, has lost over 11% from its 2011 high hit in late July and remains the worst performer among major Asian peers. India relaxed its overseas borrowing rules on Sept. 15, raising the borrowing limit for companies and allowing firms to raise Chinese Yuan-denominated debt in an attempt to woo capital inflows amid heightened global uncertainty.

Indian Debt Markets

India increased its bond sale target for the financial year to make up for a shortfall in a government scheme for small savers, spooking investors already girding for extra borrowing to fill an anticipated fiscal gap. Government will borrow INR 2.2 tn (USD 44.9 bn) in the second half of the fiscal year, significantly more than expected, sending bond yields and swap rates higher. The yield on the 7.8% securities due April 2021 rose 10 bps, or 0.10%, to 8.44%, the biggest increase in two months.

Indian Currency Movement

Indian currency rates held steady over the week as supply was enough to meet demand with banks continuing to borrow from the central banks repo window. Month-end government spending on account of salaries and some subsidies was awaited as it could improve cash supply which tightened after corporate advance tax outflows earlier in the month. The INR is at 49.15 levels against the USD.

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 29, 2011) Current 1 Week USD GBP Euro Ye n 48.93 76.52 66.65 63.90 48.82 75.48 66.1 63.61 Change Weekly 0.00 0.01 0.01 0.01 1 Year 45.73 71.24 59.84 53.44 Change annual 0.07 0.07 0.11 0.20

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

8.44 8.36

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

Saturday, October 01, 2011

Economic Calendar
India Date 6-Oct 6-Oct 6-Oct Eve nt Food Articles WPI YoY Fue l Power Article s WPI YoY Primary Article s WPI YoY Pe riod 24-Sep 24-Sep 24-Sep Prior 9.1% 14.7% 11.4%
US Date 3-Oct 3-Oct 3-Oct 6-Oct 6-Oct 7-Oct 7-Oct Eve nt Construction Spending MoM ISM Manufacturing ISM Price s Paid Initial Jobless Claims RBC Consume r Outlook Inde x Unemployme nt Rate Change in Manufact Payroll Pe riod AUG SEP SEP 30-Sep OCT SEP SEP Prior -1.3% 50.6 55.5 40.2 -3K

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Saturday, October 01, 2011

Key Indices Global Close Dow Jones NASDAQ S&P 500 FTSE DAX Hang Se ng Nikke i-225 10913.4 2415.4 1131.4 5128.5 5502.0 17592.4 8700.3 Key Indices (Indian) Indice s BSE SENSEX NSE NIFTY BSE MIDCAP BSE SMALL CAP Sectoral Indices BSE AUTO BSE METALS BSE BANKEX BSE IT 8498.4 10995.6 10850.7 5275.2 Weekly Gainers (BSE 100) DLF EDUCOMP 218.7 238.4 Weekly Losers (BSE 100) RELCAPITAL RELINFRA 315.2 373.6 Weekly Turnover (in INR Bn) BSE NSE CASH NSE F&O 125.9 551.8 8611.5 -21.7% -12.8% 10.4% 10.0% 0.9% -4.5% 0.8% 5.8%
Data to watch next week: Food Articles WPI YoY, Fuel Power Light WPI YoY, Primary Articles WPI YoY, Exports YoY%, Imports YoY%.

Global and Domestic Stock Markets

% Change (we e k) 1.3% -2.7% -0.4% 1.2% 5.9% -0.4% 1.6%
US Data to watch next week: ADP Employment Change, Initial Jobless Claims, ISM Manufacturing, Total Vehicle Sales, Factory Orders.

Global
Growth concerns have begun hurting the markets as the markets start pricing in a recession or a recession like scenario. Data emerging from US on the consumer spending and personal income numbers did not help. Greece might get saved again with Germany showing its support. However fear in financial markets remains high. For the month, US are down 7 percent. Commodities remained weak with crude dipping below $80 levels. Reports of potential weakness in Chinese growth have only added to worries.

Close 16453.8 4943.3 6129.6 6881.1

% Change (we e k) 1.8% 1.6% -1.5% -2.3%

Domestic Performance of Sectoral Indices

The domestic market too remained volatile. ADAG group stocks were among the worst performers with CBI indicating that they will pursue the 2G case against Reliance Communication. Metals and mining space remained weak both on international as well as domestic concerns. Mining bill has been cleared and that will mean sharing of profits with locals. Companies like Coal India, Tata Steel, and Hind Zinc have negative implications on profitability. Coal India could see its profits decline by 15 percent. Among other big losers were Pantaloon Retail, KFA and likes. Companies with high debt on books will continue to struggle. FII flows remained negative and there is nothing to suggest a change in that from a short term perspective.

Outlook
International markets, flows are bound to remain in focus but corporate results will be the key. Expectations are not too high from the current results but we have not yet seen a significant reduction in earning estimates for current year. Thus a visible deterioration in performance and guidance from companies has the potential to dampen sentiment further and lead to more weakness in the short term. Sectors like cement, pharma, fmcg have held out while we have seen some recovery in software and auto stocks on hopes of better performance. Greece, Economic growth concerns will still remain the dominant themes in short term. Growth concerns have been centered around Euro zone and US but news flow now emanating from China is also worrisome. On the domestic front, government policy, politics will continue to be important. Corporate performance will be the key in short term but given the environment, the potential for negative surprises has clearly increased.

Institutional Activity in INR Bn (Weekly) Institutions FII DIIs Ne t Inflow -15.5 10.8

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

Saturday, October 01, 2011

Derivative Analysis
OI Analysis
Call Option Put Option

Market Snapshot
Nifty September Futures closed at 4931 (discount of 12.25 points over the Nifty spot) Open interest Nifty FUTIDX (Expiry 29 Sept): 19.64 mn. Open interest BankNifty FUTIDX (Expiry 29 Sept): 1.89 mn. India VIX for the week ended at 31.94, down 3.22 from previous weeks close (35.16). In the week VIX touched low of 30.28 and high of 38.19. Weekly Open Interest Analysis (Nifty Option) Across all expiries, open interest is highest at 5000, 5100 & 5200 call options,
51 00

14,000,000 12,000,000 10,000,000 8,000,000

OI

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

4600

4800

4900

5400

4700

4500

5000

5200

5300

while open interest in the put options is highest at 4800, 4700 & 4600 strike
5500

Strike

prices, suggesting 4700-5100 to be the trading zone for Nifty index in short term.

Change in OI 4,000,000 3,000,000 2,000,000 1,000,000

Call Option Put Option

Sector Wise OI Change: The Sectors that witnessed positive OI change are IT, METAL & MINING & PHARMA while the remaining sectors witnessed fall in OI

OI-Cha nge

520 0

5 300

4 8 00

450 0

470 0

500 0

540 0

46 00

49 00

5 500

0 (1,000,000) (2,000,000) (3,000,000) (4,000,000) (5,000,000)

51 0 0

Top 5 Price Gainers

SCRIPS HEXAWARE % Change - Price Cash Future 11.78 9.81 9.82 10.84 8.02 11.85 9.83 9.21 8.04 7.92 %Change - Volume % Change Cash Future in OI -25.29 -30.21 93.73 -16.23 -8.06 -19.18 -33.06 74.29 -17.53 -1.68 -12.08 -24.91 -32.23 -22.29 -36.80

Strike

Cement CapitalGoods IT

EDUCOMP MUNDRAPORT DLF JPASSOCIATE

Sec tors

Pharma Auto Metal&Mining Oil&Gas Realty Bank Power

Top 5 Price Losers

SCRIPS RELCAPITAL SUNTV KFA PANTALOONR RELINFRA
50 % 400% 600% 700 % 100% 200% 250% 300% 500% 550% 0% 150% 350% 450% 650%

% Change - Price Cash Future -21.62 -19.95 -17.49 -13.79 -12.83 -21.36 -20.63 -18.28 -13.86 -12.67

%Change - Volume % Change Cash Future in OI 328.80 240.71 298.01 14.93 124.07 185.51 122.40 102.68 6.80 76.13 88.27 77.82 11.88 -7.68 19.06

-400%

-150%

-600%

-500%

-300%

-200%

-700%

-650%

-450%

-550%

-350%

-250%

% Change in OI

1.4 1.3 1.2 1.1

P CR

Nifty PC Ratio

-100%

-50%

1 0.9 0.8 0.7 0.6

26-S ep 27-S ep 28-S ep 29-S ep 30-S ep

Date

Top 10 Volume Gainers SCRIPS % Change in F&O % Change Volumes Price Open Interest (Delivery Based) DIVISLAB 2.30 6.19 330.71 GMDCLTD -5.60 -27.16 16.41 FORTIS -5.16 54.68 -62.87 ABGSHIP 4.05 0.99 85.78 HOTELEELA 0.83 -5.52 -78.25 VOLTAS -4.37 -11.45 613.17 RELCAPITAL -21.62 88.27 667.90 ESSAROIL -7.95 0.20 738.84 COREEDUTEC 0.42 -11.52 34.88 ROLTA -11.11 5.43 123.48

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

Saturday, October 01, 2011

Technical Analysis

(Source: Iris)

Conclusion
Last week Nifty shut on a positive note @ 4943.25 and up by 75.50 points from the previous week's close. Technically Nifty on weekly chart has formed bullish candle stick pattern, which shows sideways sentiment in coming sessions. Nifty spot on weekly has opened at 4878.60 and made a 4759 of 5168.40 and made a high of 5034.25 then finally closed sideways sentiment at 4943.25. Stochastics and the RSI are slightly oversold and sideways signaling that selling pressure at resistance levels are possible short-term. Nifty closed below the 50 day moving average (5130) indicates the short term trend could be turning sideways to negative. Stochastics trending lower at midrange will tend to reinforce a move lower especially if resistance levels are taken out. The market setup is somewhat sideways trend with trading range between 4800-5100. The next area of resistance is around at 5020-5110. So Nifty appears to be sideways trading on weekly chart having supports at 4880-4800 levels. For short term trading long positions, stop loss of 4900 is advisable. Weekly Nifty has resistance at 5020-5110 and supports at 4880-4800. Weekly Sensex has resistance at 16700-17050 and supports at 16320-16110. Weekly Bank Nifty has resistance at 9675-9880 and supports at 9280-9000.

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

Saturday, October 01, 2011

Weekly Recommendations

Jaiprakash Associates Ltd LTP 72.75 View: Positive

Oscillators Analysis: The RSI is positive crossover and is in oversold territory on weekly chart reading, which indicates positive sentiment in stock momentum with hefty volume support. Pattern Analysis: A clear lower bottom and lower top pattern and price crossover 20 week moving average and resistance zone at 72-84, which indicates stock may upside till resistance level, is a confirmation of a trend in that direction. Technical Analysis: JPASSOCIATE has bullish candle stick formation on weekly chart with good volume support. Stock has uptrend and support at 70-68 levels, which is support zone. Weekly RSI has shown oversold and positive crossover into oversold territory which will tend to supports are reversal action if it occurs. The market tilt is bullish with the close above trend line support at 69 levels on weekly chart basis. The next area of resistance is around 84, while 1st support hits at 70 and below there at 68. It is also heading towards resistance zone at 84.00. We recommended the stock on dips at 68-70.50 with stop loss at 65 (closing basis) for a target of Rs. 84.

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

Saturday, October 01, 2011

Gujarat State Petronet Ltd. LTP 105.55 View: Positive

Oscillators Analysis: Stochastics and RSI are highly over sold territory and positive crossover from lower levels on monthly chart reading, MACD has positive zone on weekly chart, which indicates positive sentiment in stock momentum. Pattern Analysis: A clear higher top and higher bottom formation in daily chart and trend line resistance at 115-120, which indicates stock upside, is a confirmation of a trend in that direction with volume support. Technical Analysis: On Weekly chart GSPL closed above 50 week moving average at 103, which is good support zone with decent volume support, which indicates positive sentiment in short term trading and strong buying support around at 103-101, we expect the momentum to continue till next resistance at 115-120 on the upside targets. And any genuine correction should see in stock price around supports at 101, which should be used as a buying opportunity for the potential target 115-120. We recommended the stock in the range of 101-103 with stop loss below at 96 (on closing basis) for a target of Rs. 115-120.

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

Saturday, October 01, 2011

Sector & Company Highlights

Auto
Ashok Leyland said it had bagged an order worth INR 1780 mn (USD 36.56 mn) from the government of Tanzania to supply 723 trucks, buses and special application vehicles

Metal & Capital Goods

The government had put on hold the share sale of Steel Authority of India (SAIL) amid volatility in the stock markets, while disinvestment in Rashtriya Ispat Nigam (RINL) will take place after its INR 12,500 crore first phase expansion, likely in the next six months JSW Steel may have to shut its key plant in southern India if iron ore supplies did not improve, missing its output forecast for FY12. The Vijaynagar plant accounts for 10 million tonnes of JSW Steels total capacity of 14.3 mn tonne. The company had forecast an output of 8.75 mn tonne for the current fiscal year. National Aluminum Corporation of India (NALCO) plans to diversify into nuclear power investing INR 114500 mn, but may move out of Orissa for its new smelter and power project in view of uncertainty on location. Nalco is actively pursuing to set up a smelter and power project in Indonesia, primarily because of availability of good quality coal at economic price. Two coal mining firms have been identified for long-term arrangement for sourcing coal for the planned project GMR Infrastructure announced that it has won the countrys first mega road project for widening the 555 km long KishangarhUdaipur-Ahemadabad highway, estimated to entail an investment of INR 53870 mn. The Bangalore-based group won the first highway project in Western India through international competitive bidding at INR 6360 mn annual premiums for 26 years.

Pharma
Ipca Laboratories plans to acquire a pharmaceutical company in Indonesia especially with a generic product marketing license, with a view to enter the largest South-East Asian market. The company has put together a $20 million war-chest for the acquisition, to be made within the next few months. Unichem Laboratories has earmarked INR 1200 mn for capital expenditure plans in the current financial year, of which INR 400 mn would be spent for the formulations plant at the SEZ, Pithampur, and INR 480 mn for an R&D centre and the balance for normal capex activities. The new research and development (R&D) facility at Goa would come up in the vicinity of the existing plant.

IT
Wipro is considering selling data centers and other computer hardware assets of its US unit Infocrossing, a financial daily reported on Monday, quoting unnamed officials and bankers familiar with the talks. Wipro has received initial offers from several US telecom firms for sale of five data centers that could be worth between USD 300 mn to USD 400 mn

Infra
HCC Concessions, a wholly-owned subsidiary of HCC Infrastructure, said it has concluded 14.5% equity dilution to global investment firm Xander Group to raise INR 2400 mn to fund its existing projects. HCC Concessions is aiming a turnover of over INR 5000 mn by financial year 2014, with a free cash flow CAGR (compound annual growth rate) of over 75% in the next five years.

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

10

Saturday, October 01, 2011 Mutual Fund Insights

Scheme Update
IDFC Mutual Fund has announced that to revise the maximum subscription amount under IDFC Ultra Short Term Fund, with effect from 29th September 2011. The revised amount will be Rs.10000 per application. HSBC Mutual Fund has announced the appointment of Mr. Tushar Pradhan, currently the Chief Investment Officer, as the fund manager for certain schemes of the fund, with effect from September 29th September 2011. Mr. Pradhan will continue to serve as the Chief Investment Officer of the MutualFund. Accordingly, HSBC Equity Fund, HSBC Unique Opportunities Fund, HSBC India Opportunities Fund and HSBC Dynamic Fund (Equity portion) will be jointly managed by Mr. Tushar Pradhan and Mr. Jitendra Sriram. Further, Mr. Niren Parekh will cease to act as the fund manager of the HSBC Emerging Markets and HSBC Brazil Fund, with immediate effect.
-30 -20
Debt

MFTrading Activity ( In Billions)

28-Sep

27-Sep

26-Sep
-10 0
Equity

10

20

FII Trading Activity ( In Billions)

29-Sep 28-Sep 27-Sep

ICICI Prudential Mutual Fund has announced that ICICI Prudential Long Term Plan would be available as a source scheme under the existing daily Systematic Transfer Plan (STP) facility, with effect from 27th September 2011. The minimum STP Amount will be Rs. 250 and in multiples of Rs.50, thereafter. The target scheme where STP can be made will be ICICI Prudential Top 200 Fund, Infra Fund, Dynamic Plan, Discovery Fund, MidCap Fund and Focused Bluechip Fund
-15 -10
Debt

26-Sep
-5
Equity

10

Source: Accord Fintech

Weekly Activity
Date Mutual Fund Activity 28-Se p-11 27-Se p-11 26-Se p-11 FII Activity 29-Se p-11 28-Se p-11 27-Se p-11 26-Se p-11
Source: Accord Fintech

Equity (INR in Bn) Purchase 3.19 4.95 4.57 Sales 4.76 3.01 4.20 Net Purchase /Sales -1.57 1.95 0.37 Purchase 48.53 25.90 34.42

Debt (INR in Bn) Sales 34.54 44.70 28.69 Net Purchase /Sales 13.99 -18.80 5.73

27.44 21.54 12.50 16.48

24.93 20.65 22.57 28.38

2.52 0.89 -10.07 -11.90

11.96 13.96 17.44 4.45

11.05 17.96 11.79 3.83

0.91 -4.00 5.65 0.62

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

11

Saturday, October 01, 2011

New Fund Offers
Fund Opens Closes Structure Fund Manager Investment Objective The primary o bjec tive is to generate inc o me by Axis Hybrid fund -S3(G) 16-S ep 30-S ep Clo se ended R S ivakumar, Jinesh Go pani investing in high quality fixed inc o me sec urities whilst the sec ondary o bjec tive is to generate c apital apprec iation by investing in equity and equity related instruments. To P rincipal pnb FMP A2 - 367D - (G) 29-S ep 3-Oc t Clo se ended S ho bit Gupta build an inc o me o riented po rtfolio investment and in Crisil S ho rt-Term Bond Fund Index Crisil Co mposite Religare FMP - IX F(13M)(G) 29-S ep 3-Oc t Clo se ended To generate inc o me by investing in a po rtfo lio of Bo nd Fund Index , Nitish S ikand debt and money market instruments maturing o n o r befo re the date o f maturity o f the S c heme. The Primary Investment Objec tive o f the S c heme Tata SIP -S3(G) 20-S ep 4-Oc t Clo se ended Bhupinder S ethi, Murthy Nagarajan is to ac hieve a long term gro wth. The sc heme BS E S ensex , Crisil seeks toac hieve investment o bjec tive by S ho rt-Term Bo nd Fund Index investing systematic ally in the Equity /Equity related instruments. Clo se ended The Kaustubh Gupta sc heme seeks to generate inc ome by Crisil S ho rt-Term Bond Fund Index Crisil S ho rt-Term Bond Fund Index (Benc hmark) generate S ec urities. returns thro ugh Crisil MIP Blended Index Benchmark

Debt/Mo ney Market Instruments and Go vernment

Birla SL FTP -DO(G)

26-S ep

4-Oc t

investing in a po rtfo lio o f fixed inc ome sec urities maturing on o r befo re the duratio n o f the sc heme. ICICI Prudential Regular Go ld S avings Fund (the

ICICI P ru Regular Gold Savings(G)

20-S ep

4-Oc t

Open ended

S c heme) is a fund o f funds sc heme with the Chaitanya Pande primary o bjec tive to pro vide investment returns that c losely c o rrespo nds to returns o f the underlying Go ldlinked fund(s) or S c hemes. The investment objec tive o f the Plan under the S c heme is to seek to pro tec t c apital by investing a po rtio n o f the po rtfo lio in go o d quality debt sec urities & mo ney market instruments and also to

Go ld-India (Benc hmark)

ICICI P ru CP O-IV36M-(G)

22-S ep

5-Oc t

Clo se ended

Chaitanya Pande, Mrinal S ingh

pro vide c apital apprec iatio n by investing

the Crisil MIP Blended Index

balanc e in equity and equity related sec urities. The sec urities wo uld mature o n o r befo re the maturity o f the Plan under the S c heme. Ho wever, there c an be no assuranc e that the investment o bjec tive of the Plan under the S c heme will be realized. To pro vide regular inc o me, liquidity and returns to the investors thro ugh investments in a po rtfo lio

SBI DFS-18M-7(G)

29-S ep

7-Oc t

Clo se ended

Rajeev Radhakrishnan

c o mprising

of

debt

instruments

suc h

as

Crisil Liquid Fund

Government S ec urities, PS U & Co rporate Bo nds Index (Benc hmark) and Mo ney Market Instruments maturing o n o r befo re the maturity of the sc heme. The primary investment objec tive is to generate monthly inc ome thro ugh investments in a range of Debt, Equity and Mo ney Market Instruments.

L&T MIP Wealth Bulider Fund(G)

27-S ep 11-Oc t

Open ended

Ric ha S harma ,Anant Deep Katare

Inc o me will be distributed o nly if the same is earned by the S c heme and there c an be no assuranc e that the o bjec tive o f the S c heme will be realized.

Crisil MIP Blended Index

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

12

Saturday, October 01, 2011

Fund Opens Closes Structure Fund Manager Investment Objective The investment o bjec tive o f the Plan(s) under the HDFC FMP -XIX 24M-Sep 2011(1)(G) 30-S ep 11-Oc t Clo se ended S c heme Miten Lathia is to generate inc o me thro ugh Crisil S ho rt-Term Bo nd Fund Index (Benc hmark) investments in Debt / Mo ney Market Instruments and Go vernment S ec urities maturing o n o r befo re the maturity date o f the respec tive Plan(s). The investment o bjec tive o f the sc heme is to IIFL Nifty ETF 28-S ep 12-Oc t Open ended Manish Bandi pro vide returns (befo re fees and expenses) that c lo sely c o rrespo nd to the to tal return o f the S &P CNX Nifty Index, subjec t to trac king errors. The investment o bjec tive o f the sc heme wo uld be BNP P aribas FTF-22E(G) 29-S ep 13-Oc t Clo se ended Alo k S ingh to ac hieve gro wth o f c apital thro ugh investments made in a basket o f fi xed inc o me sec urities maturing o n o r befo re the maturity o f the sc heme. Axis Gold Fund(G) 30-S ep 14-Oc t Open ended Anurag Mittal To generate returns that c lo sely c o rrespo nd to returns generated by Axis Go ld ETF. The primary investment o bjec tive o f the S c heme is to seek c apital apprec iatio n by investing predo minantly in units o f Blac kRo c k Glo bal Funds World Agric ulture Fund (BGF - WAF). The S c heme may, at the disc retio n o f the Investment DSP BR World Agri (G) 30-S ep 14-Oc t Open ended Manager, also invest in the units o f o ther similar Mehul Jani o verseas mutual fund sc hemes, c o nstitute a signific ant part o f its c o rpus. The S c heme may also invest a c ertain po rtion o f its c o rpus in mo ney market sec urities and/ o r mo ney market/liquid sc hemes o f DS P Blac kRo c k Mutual Fund, in o rder to meet liquidity requirements fro m time to time.
Source: Accord Fintech

Benchmark

S &P CNX Nifty (Benc hmark)

Crisil S ho rt-Term Bo nd Fund Index (Benc hmark) Go ld-India (Benc hmark)

DAX Global (Benc hmark)

whic h may Agribusiness Index

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Saturday, October 01, 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 0.95 1.12 -0.64 1.50 1.50 0.87 0.17 -0.13 0.02 0.20 0.01 0.62 1.74 1.78 0.05 2.27 2.02 0.47 0.49 0.59 0.33 0.75 0.77 1.10 1 Year -10.91 -12.16 -15.15 -10.53 -15.20 -12.78 3.55 1.43 1.69 -6.97 -0.86 -6.67

CAGR (In %) Since Inception 28.99 20.57 22.80 23.01 21.58 29.67 9.56 10.66 11.42 18.62 16.69 16.07

(30 Sep 11) 96.81 32.95 43.18 200.97 190.31 92.52 26.95 21.90 23.16 204.31 55.07 79.89

BETA 0.70 0.79 0.69 0.78 0.88 0.78 0.07 0.29 0.14 0.08 0.08 0.21

ALPHA 0.00 0.00 -0.02 0.00 -0.01 0.00 -0.01 -0.02 -0.02 -0.05 -0.02 -0.05

Expense Ratio 1.82 1.84 1.92 1.83 1.78 1.85 2.09 1.54 1.52 1.80 2.11 2.34

Absolute Return (In %) CAGR

(In %)

(30 Sep 11) 1 Week 1 Month 1 Year Since Inception 17.60 16.38 16.60 17.13 31.98 33.79 11.02 11.49 17.57 13.06 16.75 15.33 21.39 1443.76 2334.83 0.22 0.20 0.16 0.06 -0.15 -0.61 0.18 0.17 0.11 0.17 0.17 0.18 0.17 0.18 0.16 0.81 0.77 0.68 0.46 0.08 -0.09 0.76 0.75 0.62 0.73 0.75 0.77 0.73 0.74 0.68 8.59 8.00 6.88 7.63 4.85 2.96 9.08 7.47 8.73 8.40 8.57 8.70 8.31 8.55 7.90 7.03 6.06 6.99 7.99 9.18 10.67 8.63 7.06 7.30 6.48 7.30 6.58 6.89 6.69

YTM

Average Days

Modified Expense Ratio 0.14 0.82 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

8.03 10.06

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Saturday, October 01, 2011

Dividend Declaration
Scheme Name Axis Income Save r(HD) Axis Income Save r(QD) Baroda Pione e r MIP(QD) Bharti AXA Re gular Re turn-Eco(QD) Canara Robe co MIP(QD) DSPBR MIP(MD) DSPBR MIP(QD) HDFC MIP-LTP(MD) HDFC MIP-LTP(QD) HDFC MIP-STP(MD) HDFC MIP-STP(QD) IDFC Hybrid PF-1(D) ING Midcap(D) ING MIP(HD) ING MIP(MD) ING MIP(QD) Kotak Equity Arbitrage (MD) L&T MIP(MD) L&T MIP(QD) Re ligare MIP Plus(D)
Source: Accord Fintech

Category Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid Equity Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid

Record Date 27-Se p-11 27-Se p-11 26-Se p-11 26-Se p-11 30-Se p-11 28-Se p-11 29-Se p-11 26-Se p-11 26-Se p-11 26-Se p-11 26-Se p-11 28-Se p-11 29-Se p-11 29-Se p-11 26-Se p-11 29-Se p-11 26-Se p-11 26-Se p-11 27-Se p-11 29-Se p-11

Gross 1.51 0.37 2.01 1.51 3.00 0.68 2.05 0.68 2.05 0.57 1.71 2.99 22.83 1.75 1.14 0.12 0.71 0.60 1.81 1.29

Corporate Non-Corporate 1.13 0.28 1.51 1.13 3.00 0.51 1.54 0.51 1.54 0.43 1.29 2.25 20.00 1.31 0.85 0.09 0.71 0.45 1.36 0.97 1.32 0.33 1.76 1.32 3.00 0.60 1.80 0.60 1.80 0.50 1.50 2.62 20.00 1.53 1.00 0.10 0.71 0.53 1.59 1.13

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