Saturday, October 08, 2011

Headlines
(Global Economy) Moody's lowered Italy's rating to A2 from Aa2, with a negative outlook. (Indian Economy) India's current account deficit for Q1FY12 widened to USD 14.2 bn (Economic Calendar) (Global and Domestic Stock Markets) (Derivative Analysis) Nifty October Futures closed at 4898.60 (Technical Analysis) Nifty Supports at 4800-4730 and resistance 4970-5034. (Weekly Recommendations) STERLITE And L&T (Sector & Company Highlights) (MF Industry update)

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Saturday, October 08, 2011

Global Economy
US Consumer spending slowed in August as incomes dropped for the first time in almost two years, showing scarce jobs are preventing the U.S. economy from gaining ground. Purchases rose 0.2% after a 0.7% increase the prior month, and earnings decreased 0.1%. Wages and salaries dropped 0.2% last month & the savings rate dropped to 4.5% in August from 4.7% the prior month. US Federal Reserve Chairman Ben Bernanke said the central bank is ready to take additional steps to boost U.S. growth and cautioned lawmakers against budget moves that would harm a sluggish recovery. The central banks near-zero benchmark interest rate and USD 2.3 tn of housing and government-debt purchases since 2008 have failed to produce self-sustaining growth in the economy and employment. Claims for U.S. unemployment benefits rose less than forecast last week to a level that shows companies may be starting to slow the pace of dismissals. Applications for jobless benefits increased by 6,000 in the week ended Oct. 1 to 401,000. Reductions in firings may set the stage for bigger gains in payrolls needed to bring down the unemployment rate, signaling more confidence among companies that demand will hold up. European inflation unexpectedly accelerated to the fastest in almost three years in September, increasing pressure on an economy already hurt by tougher austerity measures and waning investor confidence amid the debt crisis. The euro-area inflation rate jumped to 3% this month from 2.5%in August. The euro-area jobless rate held at 10% in August. Italys credit rating was cut by Moodys Investors Service for the first time in almost two decades on concern that government will struggle to reduce the regions second-largest debt amid chronically weak growth. Moodys lowered Italys rating three levels to A2 from Aa2, with a negative outlook. Greeces government pledged to fire workers as part of a Euro 6.6 bn (USD 8.8 bn) austerity package designed to help secure a rescueloan payout and a second European Union-led bailout. U.K. economic growth slowed more than initially estimated in the second quarter, adding to pressure on Bank of England policy makers to provide more stimulus for the economy. Gross domestic product rose 0.1% from the first quarter, lower than the 0.2% previously published & from a year earlier, GDP rose 0.6%. Consumer spending plunged 0.8%.

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 7, 2011)

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

EU +1.6 +4.2 +3.0 10.0 -0.5 -33.4

Japan -1.1 +0.6 +0.2 4.7 +2.4 +31.6

UK +0.6 -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 +1.8 +7.2 6.0 -2.5 +30.6

Russia +3.4 +6.2 +7.2 6.1 +4.9 +177.7

Commodities and Currencies

Gold futures for December delivery settled at USD 1,653.20 an ounce on the Comex. The precious metal is heading for the first weekly gain. Silver futures for December delivery settled at USD 32.005 an ounce on the Comex. The price has advanced 39% in the past 12 months. Crude Oil rose in New York, capping the biggest weekly gain in seven months, as larger-than-forecast U.S. jobs growth eased concern that the economy is slowing. Crude oil for November delivery settled at USD 82.98 a barrel on the NYMEX; prices are down 9.2% this year.

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Saturday, October 08, 2011

Indian Economy
Indias current account deficit for the first quarter to June this year widened to USD 14.2 bn, 17% higher than a year ago, in what is perceived to be a slight worsening of the countrys external sector position. Indian manufacturing growth nearly stalled in September on slowing output and orders growth following a series of interest rate hikes. The HSBC Markit India Manufacturing PMI fell more than two points to 50.4 from 52.6. The output index plunged to 51.1 from 56.0. Indias exports maintained their growth momentum in August, 2011, rising by 44.2% YoY to USD 24.3 bn despite the economic woes in traditional Western markets. Imports, too, grew by 41.8% to USD 38.4 bn in August, translating into a trade deficit of USD 14 bn during the month. Indias service sector has contracted for the first time in more than two years as new business all but dried up and expectations weakened amid concern over a flagging world economy. The seasonally adjusted HSBC Markit Business Activity Index, based on a survey of around 400 firms, plunged in September to 49.8 the index was at 53.8 in August. Food inflation rose to 9.41% for the week ended September 24 vs 9.13% in the previous week, on the back of costlier vegetables, fruits, milk and protein-based items. The rate of price rise in food items was 16.88% in the corresponding week of 2010. The vegetables became dearer by 14.88% year-on-year during the week under review, while potatoes and onions grew more expensive by 9.34% and 10.58%, respectively. The monsoon was normal this year and the government had earlier exuded hope this would bring down food prices. Overall, inflation in primary articles stood at 10.84% during the week under review, compared to 11.43% in the previous week. Meanwhile, inflation in the fuel and power segment was flat at 14.69%, the same as in the previous week.

Indian Debt Markets

Reserve Bank of India sold INR 30 mn of bonds but did not buy any debt in the week to Sept 30. It had bought INR 1.17 bn of bonds and sold INR 1.16 bn of debt in the previous week. The auction is part of INR 2.2 tn the government aims to borrow between October and March, significantly higher than the budgeted INR 1.67 tn. The 10year yield had closed at 8.55%.

Indian Currency Movement

The rupee strengthened as shares jumped on the back of a global risk rally fuelling hopes for foreign fund inflows, but ended off the days highs as the euro took a breather in its rise versus the dollar. The partially convertible rupee closed at 49.1550/1650 per dollar.

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 October 7, 2011) Current 1 Week USD GBP Euro Ye n 49.14 75.97 66.00 64.11 48.91 76.53 66.43 63.93 Change Weekly 0.47 (0.73) (0.65) 0.28 1 Year 45.04 71.3 60.62 53.46 Change annual 9.10 6.55 8.87 19.92

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

8.55 8.36

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Saturday, October 08, 2011

Economic Calendar
India Date Eve nt Pe riod 1-Oct 1-Oct 1-Oct Prior 9.4% 14.7% 10.8% 13-Oct Food Articles WPI YoY 13-Oct Fue l Power Article s WPI YoY 13-Oct Primary Article s WPI YoY
US Date 7-Oct 7-Oct 7-Oct 8-Oct 11-Oct 12-Oct 13-Oct Eve nt Unemployme nt Rate Change in Manufact Payroll Wholesale Inve ntorie s Consume r Credit Monthly Budge t Stateme nt MBA Mortgage Applications Initial Jobless Claims Pe riod SEP SEP AUG Prior 9.1% -3K 0.8%

AUG $11.96bn SEP -$134.2b 7-Oct 7-Oct -4.3% -

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Saturday, October 08, 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% Close 16453.8 4943.3 6129.6 6881.1 % Change (we e k) 1.8% 1.6% -1.5% -2.3% % Change (we e k) 1.3% -2.7% -0.4% 1.2% 5.9% -0.4% 1.6%

Global and Domestic Stock Markets

Global
US markets ended higher by 2 percent for the week rebounding smartly from the lows. Dow found support around the threshold level of 20 percent lower than the highs. ECBs decision to open the liquidity tap helped European markets recover smartly. Credit markets are likely to function normally on account of the same. Economic data however has been patchy both in Europe and US. Downgrades continued. Italy and Spain was downgraded by the Fitch agency. Moodys downgraded European banks. Concerns will continue and thus volatility in the short term is likely to continue. US Data to watch next week: MBA Mortgage Applications, Initial Jobless Claims, Continuing Claims, Advance Retail Sales.

Domestic Performance of Sectoral Indices

Domestic markets gyrated to happenings in the international markets as well as domestic macro concerns. Moodys rating downgrade of SBI hurt the banking sector in the interim but private sector banks did manage to stage some recovery. SBI lost substantial ground and government action will be important to see recovery in SBI. Flows remained subdued on the FII front. Government recently increased its borrowing program significantly. Concerns are now being expressed on the govts ability to contain fiscal deficit with government more focused on politics and also on account of its inability to push through the disinvestment agenda. On stock specific front, telecom lost on expectations of negative from new policy. Companies with high debt burden continued to be negatively affected. Data to watch next week: Food Articles WPI YoY, Fuel Power Light WPI YoY, Primary Articles WPI YoY, Industrial Production YoY. Outlook The results season commences next week. There are positive expectations from the software sector in terms of both growth in revenue and profitability. Some benefit from depreciating currency could also accrue to some of these companies. Banking sector results will be keenly watched in terms of banks ability to deliver credit growth and contain NPA slippages. In the infrastructure segment, cement sector has built in some positive expectations. ECBs move to provide liquidity support helped the markets but volatility on back of newsflow emerging from Europe is likely to continue. Given domestic macro issues, eyes will be on government to see some concrete action. Industry and government both would like to see a pause in interest rate hikes from RBI. For the time being however, results and global cues will matter.

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

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Saturday, October 08, 2011

Derivative Analysis
OI Analysis
Call Option Put Option

Market Snapshot
Nifty September Futures closed at 4898.60 (premium of 10.60 points over the Nifty spot) Open interest Nifty FUTIDX (Expiry 29 Sept): 20.66 mn. Open interest BankNifty FUTIDX (Expiry 29 Sept): 2.02 mn. India VIX for the week ended at 33.02, up 1.08 from previous weeks close (31.94). In the week VIX touched low of 29.90 and high of 39.02. 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
3,000,000

Call Option Put Option

Sector Wise OI Change: Most of the Sectors witnessed positive OI change wherein, CAPITAL GOODS, BANK, POWER and IT gained the most.

2,000,000

OI-Change

1,000,000

0
460 0 470 0 510 0 520 0 48 00 49 00 5 000 53 00 54 00 55 00 4500

Top 5 Price Gainers

SCRIPS % 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

(1,000,000)

(2,000,000)

Strike

HEXAWARE EDUCOMP MUNDRAPORT DLF JPASSOCIATE

Cement CapitalGoods IT

S e c tor s

Pharma Auto Metal&Mining Oil&Gas Realty Bank Power

-3 0 0 % -2 5 0 % -1 5 0 % -1 0 0 % -5 0 % 15 0% -2 0 0 % 45 0% 100% 200% 250% 300% 350% 400% 500% 550% 600% 650% 700% 50% 0%

Top 5 Price Losers

SCRIPS RELCAPITAL SUNTV KFA PANTALOONR RELINFRA % 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

% Change in OI

Nifty PC Ratio
1.4 1.3 1.2 1.1

0.9 0.8 0.7

4-Oct

5-Oct

6-Oct

3-Oct

Date

7-Oct

0.6

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

PCR

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Saturday, October 08, 2011

Technical Analysis

(Source: Iris)

Conclusion
Last week Nifty shut on a marginal negative @ 4888 and down by 55 points from the previous week's close. Technically Nifty on weekly chart has formed bullish hammer candle stick pattern, which shows sideways to positive sentiment in coming sessions. Nifty spot on weekly has opened at 4874.40 and made a low of 4728.30 and made a high of 4922.60 then finally closed sideways sentiment at 4888. Stochastics and the RSI are slightly oversold and sideways signaling that buying pressure at support levels are possible short-term. Nifty closed below the 20 day moving average (4960) indicates the short term trend could be turning sideways. Stochastics trending lower at midrange will tend to reinforce a move higher especially if support levels are taken out. The market setup is somewhat sideways trend with trading range between 4725-5034. The next area of resistance is around at 4970-5034. So Nifty appears to be sideways trading on weekly chart having supports at 4800-4730 levels. For short term trading long positions, stop loss of 4725 is advisable. Weekly Nifty has resistance at 4970-5034 and supports at 4800-4730. Weekly Sensex has resistance at 16500-16750 and supports at 16000-15745. Weekly Bank Nifty has resistance at 9300-9450 and supports at 8800-8650.

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Saturday, October 08, 2011

Weekly Recommendations

Sterlite Industries (India) Ltd LTP 113.50 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 good volume support. Pattern Analysis: A clear lower bottom and lower top pattern and price crossover 5 day moving average and resistance zone at 122-132, which indicates stock may upside till resistance level, is a confirmation of a trend in that direction. Technical Analysis: STER has bullish hammer candle stick formation on weekly chart with good volume support. Stock has uptrend till resistance 122-132 and support at 110-107 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 103 levels on weekly chart basis. The next area of resistance is around 122-132, while 1st support hits at 111 and below there at 109. It is also heading towards resistance zone at 130. We recommended the stock on dips at 109-111 with stop loss at 102 (closing basis) for a target of Rs. 130.

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Saturday, October 08, 2011

Larsen & Toubro Ltd. LTP 1393. View: Positive

Oscillators Analysis: Stochastics and RSI are highly over sold territory and positive crossover from lower levels on daily chart reading, MACD has positive zone on weekly chart, which indicates positive sentiment in stock momentum. Pattern Analysis: A good previous bottom support zone at 1300 in weekly chart and trend line support at 1300, which indicates stock upside, is a confirmation of a trend in that direction with volume support. Technical Analysis: On daily chart LT closed above 5 day moving average at 1350, which is good support zone with decent volume support, which indicates positive sentiment in short term trading and strong buying support around at 1340-1360, we expect the momentum to continue till next resistance at 1500 on the upside targets. And any genuine correction should see in stock price around supports at 1350, which should be used as a buying opportunity for the potential target 1500. We recommended the stock in the range of 1340-1360 with stop loss below at 1295 (on closing basis) for a target of Rs. 1500.

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

Saturday, October 08, 2011

Sector & Company Highlights

Auto
Maruti Suzuki India will resume the full scale production from the Manesar plant from Monday, as the 33-day long standoff with workers has ended. As per the agreement, workers agreed to sign the contentious good conduct bond laid down by the management, while the company agreed to conditionally take back 18 trainees who were suspended.

Metal & Capital Goods

SAIL has sought gas allocation of 5 mn standard cubic metres per day (MSCMD) for its proposed 1,050 MW independent power plant in Uttar Pradeshs Jagdishpur, near Amethi. Coal India said its profitability would be eroded by about INR 20 bn per annum post enactment of new mines legislation which mandates coal miners to share 26%of their profits with project affected people. If the profit of the company has to be maintained it has to be done by increasing the prices of coal. Therefore, it is for the government, which is the major shareholder of the company, to decide whether to go for price hike or not. Jindal Steel & Power is examining about two dozen proposals to buy power projects that have acquired land and government licences to accelerate expansion. Leading engineering and Construction Company Punj Lloyd has bagged an engineering, procurement and construction (EPC) contract to set up Qatars first plant for manufacture of polysilicon, the raw material used to build solar cells. The contract has been awarded by Qatar Solar Technologies (QSTec) and is scheduled to be commissioned by mid-2013,

Banking
Moodys Investors Service downgraded State Bank of India, the countrys largest public sector banks financial strength rating (BFSR), to D+ from C- on account of asset quality concerns and capital situation. According Moody, the non-performing assets (NPA) are likely to continue rising in the near term and higher interest rates and a slower economy might weigh on the SBIs profitability and its creditworthiness. The SBI reported a Tier 1 capital ratio of 7.6% as of 30 June 2011 which is below the 8% Tier 1 ratio that the government of India has committed for maintaining in public sector banks (PSB).

Pharma
Strides Arcolab has received the USFDA approval to market injectable Clindamycin USP, used in the treatment of bacterial infections, in the American market. Hindustan Unilever has entered the premium water purifier segment, three years after entering the market with its affordable Pureit range, now the largest-selling water purifier in the country. The new product, Pureit Marvella RO (Reverse Osmosis), at INR 13,500, is priced fifteen times more than the companys base product, Pureit Intella, which starts at INR 900.

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10

Saturday, October 08, 2011 Mutual Fund Insights

Scheme Update
IDFC Mutual Fund has announced a change in the fund management responsibilities of the following funds with effect from October 3, 2011. Accordingly, Ms. Punam Sharma has been appointed as the fund manager for IDFC Asset Allocation Fund of Fund (Conservative AA Plan, Moderate AA Plan and Aggressive AA Plan), IDFC Nifty Fund, IDFC Capital Protection Oriented Funds - Series I,II,III and IDFC Saving Scheme Series I and II. Further, Ms Meenakshi Dawar shall be dedicated fund manager for foreign securities/ overseas investment of all equity schemes of IDFC Mutual Fund, IDFC Super Saver Income Fund-Investment Plan, Short Term Plan, Medium Term Plan, IDFC Dynamic Bond Fund, IDFC Cash Fund, IDFC Money Manager Fund-Investment Plan, Treasury Plan and IDFC India GDP Growth Fund. 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 Mutual Fund. 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
-15 -10
Debt

MFTrading Activity ( In Billions)

5-Oct

4-Oct

3-Oct
-10 0 10
Debt

20
Equity

30

40

50

FII Trading Activity ( In Billions)

7-Oct 6-Oct 5-Oct 4-Oct 3-Oct

-5
Equity

10

Source: Accord Fintech

Weekly Activity
Date Mutual Fund Activity 5-Oct-11 4-Oct-11 3-Oct-11 FII Activity 7-Oct-11 5-Oct-11 4-Oct-11 3-Oct-11
Source: Accord Fintech

Equity (INR in Bn) Purchase 5.28 5.59 3.87 Sales 4.24 6.54 6.20 Net Purchase /Sales 1.04 -0.95 -2.33 Purchase 55.56 52.03 84.16

Debt (INR in Bn) Sales 41.41 33.51 38.03 Net Purchase /Sales 14.15 18.52 46.13

20.27 20.80 16.40 61.94

29.96 30.46 24.22 65.04

-9.69 -9.66 -7.82 -3.10

14.28 11.55 5.62 14.66

15.65 15.05 19.13 7.24

-1.38 -3.50 -13.51 7.42

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11

Saturday, October 08, 2011

New Fund Offers
Fund Opens Closes Structure Fund Manager To DSP BR FMP -1412M(G) 3-Oct 10-Oct Close ended Mr. Dhawal Dalal seek to Investment Objective generate returns and capital Crisil Liquid Fund Index Benchmark

apprec iation by investing in a portfolio of debt and money market securities. The S cheme will invest only in such sec urities which mature on or before the date of maturity of the S cheme. To seek to generate regular returns and growth of capital by investing in a diversified portfolio of

Reliance FHF - XX 15(G)

5-Oct

10-Oct

Close ended

Mr. Amit Tripathi

Central and S tate Government securities and Other Crisil S hort-Term fixed inc ome/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. To provide regular income, liquidity and returns to the investors through investments in a portfolio Bond Fund Index

SBI DFS-90D-50(G)

3-Oct

10-Oct

Close ended

Mr. Rajeev Radhakrishnan

comprising

of

debt

instruments

such

as Crisil Liquid Fund Index

Government S ecurities, PS U & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. To seek to generate income by investing in a

Birla SL FTP -DQ(G)

3-Oct

11-Oct

Close ended

Mr. Kaustubh Gupta portfolio of fixed inc ome securities maturing on or before the duration of the scheme. To generate monthly income through investments in a range of Debt, Equity and Money Market

Crisil S hort-Term Bond Fund Index

L&T MIP Wealth Bulider Fund(G)

27-S ep 11-Oct

Open ended

Ms. Richa S harma, Mr. Anant Deep Katare

Instruments. Income will be distributed only if the Crisil MIP Blended same is earned by the S cheme and there can be no assurance that the objective of the S cheme will be realized. To seek to generate returns and capital Crisil Liquid Fund Index apprec iation by investing in a portfolio of debt and Index

DSP BR FMP -153M(G)

7-Oct

11-Oct

Close ended

Mr. Dhawal Dalal

money market securities. The S cheme will invest only in such sec urities which mature on or before the date of maturity of the S cheme. To generate income through investments in Debt

HDFC FMP -XIX 24M-Sep 2011(1)(G)

30-S ep 11-Oct

Close ended

Mr. Miten Lathia

/ Money Market Instruments and Government Crisil S hort-Term S ecurities maturing on or before the maturity date of the respective Plan(s). To seek to generate regular returns and growth of capital by investing in a diversified portfolio of Bond Fund Index

Reliance FHF-XX 32(G)

3-Oct

11-Oct

Close ended

Mr. Amit Tripathi

Central and S tate Government securities and Other Crisil S hort-Term fixed inc ome/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. To generate income through investments in Debt Bond Fund Index

HDFC FMP -XIX 370D-Oct 2011(1)(G)

3-Oct

12-Oct

Close ended

Mr. Miten Lathia

/ Money Market Instruments and Government Crisil S hort-Term S ecurities maturing on or before the maturity date of the respective Plan(s). Bond Fund Index

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12

Saturday, October 08, 2011

Fund Opens Closes Structure Fund Manager Investment Objective To generate income through investments in Debt HDFC FMP -XIX 370D-Sep 2011(1)(G) 3-Oc t 12-Oct Close ended Mr. Miten Lathia / Money Market Instruments and Government Crisil S hort-Term S ecurities maturing on or before the maturity date of the respective Plan(s). To provide returns (before fees and expenses) that c losely c orrespond to the total return of the S &P IIFL Nifty ETF 28-S ep 12-Oct Open ended Mr. Manish Bandi CNX Nifty Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objec tive of the S c heme would be achieved. BNP P aribas FTF-22E(G) Close ended To ac hieve growth of capital through investments Mr. Alok S ingh made in a basket of fi xed income securities maturing on or before the maturity of the scheme. To seek to generate regular returns and growth of c apital by investing in a diversified portfolio of Reliance FHF - XX 8(G) 5-Oc t 13-Oct Close ended Mr. Amit Tripathi Central and S tate Government securities and Other Crisil S hort-Term fixed income/ debt securities maturing on or before the date of maturity of the sc heme with the objective of limiting interest rate volatility. To seek capital apprec iation by investing predominantly in units of BlackRoc k Global Funds World Agriculture Fund (BGF - WAF). The S c heme may, at the discretion of the Investment Manager, also invest in the units of other similar DSP BR World Agriculture - (G) 30-S ep 14-Oct Open ended Mr. Mehul Jani overseas mutual fund schemes, which may DAX Global c onstitute a significant part of its c orpus. The Agribusiness Index S c heme may also invest a c ertain portion of its c orpus in money market sec urities and/ or money market/liquid sc hemes of DS P Blac kRock Mutual Fund, in order to meet liquidity requirements from time to time. Axis Gold Fund(G) 30-S ep 14-Oct Open ended Mr. Anurag Mittal To generate returns that c losely correspond to returns generated by Axis Gold ETF. To seek to generate regular returns by investing in a portfolio of fixed inc ome securities/debt ICICI P ru FMP -57-3YrB(G) 7-Oc t 17-Oct Close ended Mr. Chaitanya Pande instruments maturing on or before the maturity of the Plan under the S cheme. However, there c an be no assurance that the investment objective of the Plans under the S cheme will be realized. To generate income by investing in high quality fixed income securities maturing on or before the DWS Hybrid FTF3(G) 4-Oc t 18-Oct Close ended Mr. Aniket Inamdar, Mr. Nitish Gupta date of the maturity of the scheme and generate c apital appreciation by investing in equity and equity related instruments There can be no assurance that the investment objec tive of the S c heme will be realized Crisil MIP Blended Index Crisil Composite Bond Fund Index Gold-India Bond Fund Index Crisil S hort-Term Bond Fund Index S &P CNX Nifty Bond Fund Index Benchmark

29-S ep 13-Oct

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Saturday, October 08, 2011

Fund Opens Closes Structure Close ended Open ended Open ended Open ended Open ended Fund Manager Mr. Kumaresh Ramakrishnan Mr. Anil Bamboli Mr. Bhupinder S ethi, Mr. Investment Objective To generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the S cheme. To seek capital apprec iation by investing in units of HDFC Gold Exchange Traded Fund. To provide a financial planning tool for long term financial security for investorsbased on their To provide a financial planning tool for long term financial security for investorsbased on their To provide a financial planning tool for long term financial security for investorsbased on their Benchmark Crisil S hort-Term Bond Fund Index Gold-India Crisil MIP Blended Index Crisil MIP Blended Index Crisil MIP Blended Index

DWS FTF-91(G)

4-Oct

18-Oct

HDFC Gold Fund(G) Tata Retirement Savings Fund Conservative P lan(G) Tata Retirement Savings Fund Moderate P lan(G) Tata Retirement Savings Fund P rogresive P lan(G)
Source: Accord Fintech

7-Oct

21-Oct

7-Oct

21-Oct

Murthy Nagarajan retirement planning goals. Mr. Bhupinder S ethi, Mr.

7-Oct

21-Oct

Murthy Nagarajan retirement planning goals. Mr. Bhupinder S ethi, Mr.

7-Oct

21-Oct

Murthy Nagarajan retirement planning goals.

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Saturday, October 08, 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 -1.75 -1.48 -2.01 -2.13 -1.85 -1.53 -0.13 -0.78 -0.90 -1.69 -1.14 -1.25 -4.30 -4.05 -6.07 -3.82 -5.04 -4.65 -0.25 -0.91 -1.42 -4.54 -3.59 -3.20 1 Year -14.69 -16.34 -19.45 -14.92 -19.15 -16.35 3.02 0.34 0.32 -10.57 -4.72 -9.94

CAGR (In %) Since Inception 28.50 20.02 22.23 22.76 21.27 29.15 9.52 10.52 11.26 18.42 16.45 15.90

(08 Oct 11) 94.11 32.14 41.96 194.92 184.10 89.85 26.92 21.73 22.95 199.14 54.03 78.27

BETA 0.71 0.79 0.70 0.78 0.88 0.77 0.11 0.34 0.21 0.25 0.25 0.35

ALPHA -0.01 0.00 -0.03 0.00 -0.01 -0.01 -0.01 -0.02 -0.02 -0.07 -0.04 -0.07

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 %)

(08 Oct 11) 1 Week 1 Month 1 Year Since Inception 176.35 16.42 16.63 17.12 31.93 33.58 11.05 11.52 17.58 13.09 16.79 15.36 21.43 1446.29 2339.02 0.19 0.20 0.15 -0.04 -0.16 -0.61 0.23 0.19 0.04 0.23 0.20 0.20 0.19 0.18 0.16 0.78 0.73 0.66 0.27 -0.15 -0.87 0.77 0.71 0.44 0.75 0.73 0.74 0.71 0.73 0.66 8.64 8.08 6.95 7.52 4.69 2.68 9.21 7.55 8.67 8.49 8.62 8.76 8.36 8.61 7.95 7.03 6.07 6.99 7.96 9.15 10.60 8.67 7.04 7.32 6.49 7.31 6.59 6.90 6.70

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 116.80 222.65 25.20 1065.80 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 120.45 244.55 26.40 1569.50 2679.10 2489.30 76.65 372.30 938.05 47.45 29.20 60.90 25.00 38.34 30.00

8.78 0.00 0.00 9.63 9.43 0.00 9.79 0.00 9.29 9.30 9.07 0.00 0.00 8.55

8.05 10.06

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Saturday, October 08, 2011

Dividend Declaration
Scheme Name Sundaram Fle xible -ST(MD) Sundaram Fle xible -ST-Inst(MD) Sundaram MIP-Mod(MD) Sundaram Mone y Fund(MD) Sundaram Mone y Fund-Inst(MD) Sundaram Ultra ST Fund(MD) Sundaram Ultra ST Fund-Inst(MD) Tata Tre asury Mgr-HIP(MD) Tata Tre asury Mgr-RIP(MD) Tata Tre asury Mgr-SHIP(MD) UTI Liquid-Cash(MD) UTI Liquid-Cash-Inst(MD) UTI Tre asury Advantage -Inst(MD) UTI Tre asury Advantage -Re g(MD)
Source: Accord Fintech

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

Record Date 4-Oct-11 4-Oct-11 7-Oct-11 4-Oct-11 4-Oct-11 4-Oct-11 4-Oct-11 3-Oct-11 3-Oct-11 3-Oct-11 3-Oct-11 3-Oct-11 3-Oct-11 3-Oct-11

Gross 0.49 0.55 0.50 0.49 0.58 0.57 0.67 0.76 0.73 0.79 0.54 0.69 0.80 0.70

Corporate Non-Corporate 0.36 0.41 0.38 0.41 0.49 0.43 0.50 0.57 0.55 0.59 0.45 0.58 0.60 0.53 0.43 0.48 0.44 0.43 0.51 0.50 0.58 0.67 0.64 0.69 0.47 0.61 0.70 0.62

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Saturday, October 08, 2011

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