Saturday, September 17, 2011

Headlines
(Global Economy) US Industrial production rose to 0.2% in August (Indian Economy) RBI raised Repo rate by 25 bps to 8.25% (Economic Calendar) (Global and Domestic Stock Markets) (Derivative Analysis) Nifty September Futures closed at 5087 (Technical Analysis) Nifty resistance at at 5300-5375 and supports at 5000-4920 (Weekly Recommendations) SBIN AND STER (Sector & Company Highlights) (MF Industry update)

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: [email protected]

Saturday, September 17, 2011

Global Economy
According to World Bank President, world had entered a new economic danger zone and Europe, Japan and the United States all needed to make hard decisions to avoid dragging down the global economy. The mounting fears among global policymakers about an escalating sovereign debt crisis in Europe have overshadowed investor concerns about public finances and reforms in the United States and Japan. Prices of goods imported into the U.S. fell in August for the second time in three months as the cost of oil and food dropped while autos stabilized. The 0.4% decline in the import-price index followed a 0.3% increase in July. Retail sales in the U.S. unexpectedly stagnated in August at 0.3% as a lack of jobs restrained shoppers. Also, consumer-price index increased 0.4% after a 0.5% gain in July. Industrial production in the U.S. unexpectedly rose in August to 0.2% while, Jobless claims climbed by 11,000 to 428,000 in the week ended Sept. 10. U.K. inflation accelerated to 4.5% from a year earlier compared with 4.4% in July. A separate report showed trade deficit widened to 8.92 billion pounds in July from 8.87 billion pounds in June. While exports rose 2% on the month, which was outpaced by a 3.8% jump in imports. According to Asian Development Bank, inflation will put pressure on Asian policy makers to manage price increases even as a faltering global recovery reduces economic growth. ADB cut its 2011 growth forecast for Asia excluding Japan to 7.5% from an April estimate of 7.8%. It raised the regions inflation forecast to 5.8% this year, from an earlier estimate of 5.3%. Europes failure to resolve its debt crisis and diminishing U.S. jobs growth have hurt Asian exports and trimmed expansions from China to Singapore, prompting South Korea, Indonesia, Malaysia and the Philippines to avoid raising interest rates this month after boosting them earlier this year.

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 17, 2011)

US +1.5 +3.7 +3.6 9.1 -3.3 -565.5

EU +1.6 +4.2 +2.5 10.0 -0.5 -27.6

Japan -1.0 -2.8 +0.5 4.7 +2.3 +31.6

UK +0.7 -0.7 +4.4 7.9 -2.0 -158.7

China +9.5 +13.5 +6.2 6.1 +4.0 +177.5

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

Russia +3.4 +5.2 +8.2 6.5 +4.9 +176.0

Commodities and Currencies

Crude oil dropped the most in a week, trimming a fourth consecutive weekly gain, on concern that European leaders meeting today havent taken sufficient steps to contain the regions debt crisis. Crude for October delivery settle at USD 87.96 a barrel on the NYMEX. Futures gained 0.8% this week and have fallen 3.7% this year. Gold futures for December delivery settle at USD 1,814 on the Comex, prices declined 2.4% this week.

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: [email protected]

Saturday, September 17, 2011

Indian Economy
Indias exports increased by 44.2% to USD 24.3 bn in August, while imports rose 41.8% to USD 38.4 bn, leading to a trade deficit of USD 14.1 bn. Also, Indirect tax collection rose a robust 24% in August from a year ago, belying the industrial slowdown suggested by index of industrial production. IIP growth dropped to a 21-month low as manufacturing expanded by a measly 2.3% from a year ago. The excise levy - considered a good indicator of manufacturing activity as it is imposed the factory gate - rose 19.7% in August. Similar trend was seen in Customs duty, which grew by 13.4% in August, 2011, despite the rejig in duties on petroleum products. The direct tax collections were up 26% in the first five months of the current fiscal though net tax collections were down to INR 96,738 from INR 1 Tn a year ago because of a 154% increase in tax refunds. Indias industrial production growth fell to 3.3% in July 11, from 8.8% growth recorded in June 2011. The Manufacturing sector moderated at 2% in July 11 from 10% in June 11. The mining ban in Karnataka which comprise ~33% of the Indian mining (iron-ore) output led to a negative growth of 40% in July 11 from -1.1% in June 11. However, electricity sector improved by 13% in July 11 from 8% in June 11. Also, WPI inched closer to the double-digit mark in August, rising to 9.78% vs 9.22% in July, on the back of soaring prices of food and manufactured products. On an annual basis, food items became 9.62% more expensive during the month under review. Onions grew 45.29% costlier, while fruit prices were up 22.82% and the rates for potatoes rose by 12.53%. Inflation in the fuel and power segment stood at 12.84% year-on-year in the month under review. The services exports in July were worth USD 10.40 bn, a fall of 5.8% compared to June. The countrys total receipts from services exported were USD 11.04 bn in June, 2011. Imports of services also fell 18.2% in July to USD 5.89 bn, compared to USD 7.20 bn in June. Overall, the services sector contributes over 50% to Indias GDP. On back of inflationary pressure in the economy RBI raised the repo rate by 25 bps to 8.25%.

Indian Debt Markets

Bonds also declined on concern demand for the fixed-income notes will drop this week as quarterly tax payments by companies drain cash from banks. Ten-year bonds extended declines, pushing yields to a six-week high, as the central bank increased borrowing costs for the sixth time this year to cool inflation. The yield on the 7.8% bonds due April 2021 settled at 8.36%.

Indian Currency Movement

The rupee closed at 47.26/27 against the US currency on sustained dollar selling by exporters and some banks amid the Reserve Banks move to raise key policy rate. RBIs rate hike will not have drastic effect on the Indian rupee performance going forward.

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 16, 2011) Current 1 Week USD GBP Euro Ye n 47.47 74.96 65.79 61.81 46.38 74.01 64.48 59.87 Change Weekly 0.02 0.01 0.02 0.03 1 Year 46.71 71.78 59.76 55.59 Change annual 0.02 0.04 0.10 0.11

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 8.21

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: [email protected]

Saturday, September 17, 2011

Economic Calendar
India Date Eve nt Pe riod 10-Sep 10-Sep 10-Sep Prior 9.5% 13.0% 13.0% 22-Sep Food Articles WPI YoY 13-Sep Fue l Power Article s WPI YoY 14-Sep Primary Article s WPI YoY
US Date Eve nt Pe riod AUG SEP AUG SEP SEP AUG Prior 604K 6.3 4.67M 0.3% 428K 0.5% 20-Sep Housing Starts 21-Sep MBA Mortgage Applications 21-Sep Existing Home Sales 21-Sep FOMC Rate Decision 22-Sep Initial Jobless Claims 22-Sep Le ading Indicators

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: [email protected]

Saturday, September 17, 2011

Key Indices Global Close Dow Jone s NASDAQ S&P 500 FTSE DAX Hang Se ng Nikke i-225 11509.1 2622.3 1216.0 5368.4 5573.5 19455.3 8864.2 Key Indices (Indian) Indice s BSE SENSEX NSE NIFTY BSE MIDCAP BSE SMALL CAP Sectoral Indices BSE AUTO BSE METALS BSE BANKEX BSE IT 8832.9 12248.1 11127.5 5101.7 Weekly Gainers (BSE 100) NMDC INDIABULLS 249.4 161.8 Weekly Losers (BSE 100) RCOM SAIL 81.9 109.6 Weekly Turnover (in INR Bn) BSE NSE CASH NSE F&O 125.2 554.3 6668.7 -8.4% -7.4% 7.7% 6.8% 0.90 (0.50) 0.30 3.10 Close 16933.8 5084.3 6390.1 7213.0 % Change (we e k) 0.40 0.50 (0.70) (1.20) % Change (we e k) 4.70 6.30 5.40 2.90 7.40 (2.10) 1.40

Global and Domestic Stock Markets

Global
Developed markets saw a smart pull back rally in the current week. While the early part of the week began on serious concerns over Greece and apprehensions over potential collapse of few European banks, concerted efforts from Governments helped soothe some nerves.Availability of dollar loans for European banks, Italy bonds finding support from China did help markets to recover from panic. European govt is yet to agree on how to lend money to Greece and this could create fresh volatility. Governments, central banks have expressed the intention to act together and markets would like to see concrete action and removal of uncertainty. Gold turned volatile but held ground. Crude has held out as well.. US Data to watch next week: NAHB Housing Market Index, MBA Mortgage Apllication, Initial Jobless Claims

Domestic Performance of Sectoral Indices

The domestic markets too climbed a wall of worry with IIP numbers coming in at 3.3 percent. IIP numbers were lower than expectation and inflation was higher than expected at 9.78 percent. RBI increased rates by 25 bps. The policy stance has remained unchanged with inflation still in high and at unacceptable levels. Petrol price was hiked by over Rs 3 per litre which will also add to inflation. The rally in the market was driven by technology banking, infra and auto stocks. These sectors have been beaten out of shape on account of global and local worries and long term investment interest seems to have returned into these stocks. Among the mid cap space, power related companies saw receipt of orders. BGR, Techpro were some of the beneficiaries. ONGC FPO was deferred once again as investment interest may have been subdued without clarity on government policy on the subsidy front. Data to watch next week: Food Articles WPI YoY, Fuel Power Light WPI YoY, Primary Articles WPI YoY

Outlook
Investment interest is likely to continue in banking, infra space. Interest rate increase will restrict upsides and focus will shift to quarterly corporate performance. Metals also offer value but choppiness is bound to persist here. Technology space could see some gains if a sign of stability in developed markets is visible. Mid cap and small cap space has also continued to see interest. Power related companies could do well as we are seeing some order flows return. Power ancillary companies & PSU banks are trading at attractive valuations from a long term perspective. One will still need to keep a close eye on the global developments though some sanity seems to be returning in developed markets as well.

Institutional Activity in INR Bn (Weekly) Institutions FII DIIs Ne t Inflow -9.2 4.1

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: [email protected]

Saturday, September 17, 2011

Derivative Analysis
OI Analysis
Call Option Put Option

Market Snapshot
Nifty September Futures closed at 5087 (Premium of 2.75 points over the Nifty spot) Open interest Nifty FUTIDX (Expiry 29 Sept): 26.78 mn. Open interest BankNifty FUTIDX (Expiry 29 Sept): 2.07 mn. India VIX for the week ended at 28.45, up 0.81 from previous weeks close (27.64). In the week VIX touched low of 26.15 and high of 34.74. Weekly Open Interest Analysis (Nifty Option) Across all expiries, open interest is highest at 4900, 5000 & 5300 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 4900, 4800 & 4700 strike
5500

Strike

prices, suggesting 4800-5300 to be the trading zone for Nifty index in short term.

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

Call Option Put Option

Sector Wise OI Change: Sectors across the board witnessed positive OI change with POWER, AUTO, BANK, OIL & GAS leading the pack.

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 8.45 10.86 10.99 8.92 7.94 12.22 11.36 11.04 9.91 8.76

%Change - Volume % Change Cash Future in OI 643.15 -61.50 679.43 39.32 942.41 246.25 -82.38 723.77 26.18 1,244.98 14.51 -12.97 18.86 0.82 12.39

Strike

BGRENERGY KSOILS FINANTECH PFC TULIP

Cement CapitalGoods IT

Sec tors

Pharma Auto Metal&Mining Oil&Gas Realty Bank Power

Top 5 Price Losers

SCRIPS BAJAJHIND OPTOCIRCUIT PANTALOONR GTL SREINFRA
250% 350% 50% 100% 150% 0% 200% 300% 400%

% Change - Price Cash Future -12.39 -10.35 -9.95 -9.28 -8.81 -12.38 -11.52 -10.26 -9.59 -8.87

%Change - Volume % Change Cash Future in OI 198.06 108.87 161.90 -89.36 301.10 237.92 3.50 12.73 -94.84 250.13 21.15 42.07 5.54 -40.00 19.49

-50%

% Change in OI
1.2 1.1 1
P CR

Nifty PC Ratio

0.9 0.8 0.7 0.6

12-S ep 13-S ep 14-S ep 15-S ep

Date

Top 10 Volume Gainers SCRIPS % Change in F&O % Change Volumes Price Open Interest (Delivery Based) TULIP 8.8% 12.4 942.4% PATNI 7.2% 14.2 1349.7% FINANTECH 11.0% 18.9 679.4% PIRHEALTH -2.4% 6.4 300.7% COREEDUTEC 0.1% 4.0 5039.5% CESC -3.1% 10.2 484.7% ONGC 5.4% 10.0 216.6% JISJALEQS 1.3% 14.4 41.1% ABB -1.8% -0.8 434.3% OIL 5.4% 0.7 537.4%

16-S ep

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: [email protected]

Saturday, September 17, 2011

Technical Analysis

(Source: Iris)

Conclusion
Last week Nifty shut on a positive note @ 5084.25 and up by 25 points from the previous week's close. Technically Nifty on weekly chart has formed bullish engulfing candle stick pattern, which shows sideways to positive sentiment in coming sessions. Nifty spot on weekly has opened at 4981.70 and made a low of 4911 and made a high of 5143.60 then finally closed sideways to positive at 5084.25. Stochastics and the RSI are slightly oversold and sideways signaling that buying pressure at support levels are possible short-term. Nifty closed above the 20 day moving average (4978) indicates the short term trend could be turning sideways to positive. Stochastics trending higher 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 4900-5300. The next area of resistance is around at 5300-5375. So Nifty appears to be sideways to bullish trading on weekly chart having supports at 5000-4920 levels. For short term trading long positions, stop loss of 4890 is advisable. Weekly Nifty has resistance at 5300-5375 and supports at 5000-4920. Weekly Sensex has resistance at 17675-17900 and supports at 16670-16400. Weekly Bank Nifty has resistance at 9970-10175 and supports at 9500-9400.

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: [email protected]

Saturday, September 17, 2011

Weekly Recommendations

State Bank of India LTP 1945 View: Positive

Oscillators Analysis: Stochastics and the RSI is positive crossover and are in oversold territory on weekly chart reading, which indicate positive sentiment in stock momentum with hefty volume support. Pattern Analysis: A clear head and shoulder pattern and holding above right holder support formation and multiple support zone at 18301890, which indicates stock may upside till resistance level, is a confirmation of a trend in that direction. Technical Analysis: OPTOCIRCUITS has bullish hammer candle stick formation on weekly chart with good volume support. Stock has uptrend and support at 1900-1880 levels, which is multiple support zone. Weekly RSI has shown oversold and positive crossover into oversold territory which will tend to supports reversal action if it occurs. The market tilt is positive with the close above 1895 levels on daily chart basis. The next area of resistance is around 2100-2200, while 1st support hits at 1900 and below there at 1880. It is also heading towards resistance zone at 2100-2200. We recommended the stock at market price and declines till 1880 with stop loss at 1820 (closing basis) for a target of Rs. 2100-2200.

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: [email protected]

Saturday, September 17, 2011

Sterlite Industries (India) Ltd. LTP 134.85 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 weekly chart, which indicates positive sentiment in stock momentum. Pattern Analysis: A clear higher top and higher bottom in weekly chart pattern from previous bottom support zone at 122, which indicates stock upside, is a confirmation of a trend in that direction with volume support. Technical Analysis: On Weekly chart STER closed above trend line support at 123 with decent volume support, which indicates positive sentiment in short term trading and strong buying pressure around support zone at Rs.128-132, we expect the momentum to continue till next resistance at 150-155 on the upside targets. And any genuine correction should see in stock price around supports at 130-132, which should be used as a buying opportunity for the potential target 150-155. We recommended the stock at market and in the range of 130-132 with stop loss below at 122 (on closing basis) for a target of Rs. 155.

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: [email protected]

Saturday, September 17, 2011

Sector & Company Highlights

Auto
Hinduja Group flagship company Ashok Leyland, which has partnered with Japanese auto major Nissan to foray into light commercial vehicle sector, launched Dost, its first product in the segment here, eyeing to invest INR 2,3 bn in two phases in next three years.

Metal & Capital Goods

A consortium led by state-run Steel Authority of India (SAIL) could invest up to USD 6 bn in the mine, railroads and a steel plant in a race with China to lock in raw materials for two of the worlds fastest-growing economies. ABB has won an order worth more than USD 15 mn to supply integrated automation and power equipment and related engineering and commissioning services to JK Paper. NMDC is likely to submit, by month end, the bid to acquire 50% stake in Australian exploration firm Legacy Iron Ore for around INR 2 bn. The new Mines Bill, which provides for sharing of profits and royalty with project-affected people, is likely to be introduced in the winter session of Parliament. The Bill, earlier supposed to be tabled during the just concluded monsoon session, has not yet been placed before the Cabinet despite the fact that it was approved by a ministerial panel in July.

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: [email protected]

10

Saturday, September 17, 2011 Mutual Fund Insights

Scheme Update
DSP BlackRock Mutual Fund has announced change in fund manager for DSP BlackRock Focus 25 Fund, DSP BlackRock Technology.com Fund and DSP BlackRock Opportunities Fund, with effect from 15th September 2011. Accordingly, Mr. Harsh Upadhyaya and Mr. Mehul Jani will jointly manage DSP BlackRock Focus 25 Fund. Under DSP BlackRock Technology.com Mr. Harsh Upadhyaya has replaced Mr. Apoorva Shah. Furthermore, Mr. Anup Maheshwari and Mr. Harsh Upadhyaya will jointly manage DSP BlackRock Opportunities Fund. Birla Sun Life Mutual Fund has decided to revise exit load structure for Birla Sun Life Income Fund, an open ended income scheme. As per revised structure of an exit load of 0.50 per cent will be charged if units are redeemed or switched out within 30 days from the date of allotment. The investment objective of the scheme is to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities. The revised exit load structure will be effective from 16th September 2011.
-10 -5
Debt

MFTrading Activity ( In Billions)

15-Sep 14-Sep 13-Sep 12-Sep

-20 -15 -10 -5
Debt

5
Equity

10

15

20

FII Trading Activity ( In Billions)

16-Sep 15-Sep 14-Sep 13-Sep 12-Sep

0
Equity

10

Source: Accord Fintech

Weekly Activity
Date Mutual Fund Activity 15-Se p-11 14-Se p-11 13-Se p-11 12-Se p-11 FII Activity 16-Se p-11 15-Se p-11 14-Se p-11 13-Se p-11 12-Se p-11
Source: Accord Fintech

Equity (INR in Bn) Purchase 4.99 4.18 3.65 3.44 Sales 3.92 5.75 4.27 4.38 Net Purchase /Sales 1.07 -1.57 -0.62 -0.94 Purchase 31.25 37.89 23.16 40.24

Debt (INR in Bn) Sales 45.26 28.26 23.32 24.53 Net Purchase /Sales -14.01 9.63 -0.16 15.71

19.81 21.17 12.87 16.45 24.60

18.14 21.26 16.56 24.24 26.79

1.67 -0.09 -3.70 -7.80 -2.20

10.84 8.51 5.72 6.28 4.87

2.31 1.48 6.12 11.69 11.57

8.53 7.03 -0.41 -5.41 -6.70

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: [email protected]

11

Saturday, September 17, 2011

New Fund Offers
Fund Opens Closes Structure Fund Manager Investment Objective To minimize interest rate risk by investing in a LICMF Nomura FMP 49-18M(G) 12-S ep 19-S ep Close ended Mr. Y. D. Prasanna portfolio of fixed income securities normally maturing in line with the time profile of the sc heme. To generate regular returns by investing in a Baroda P ioneer 90DFMP -4(G) 15-S ep 19-S ep Close ended Mr. Alok S ahoo, Ms. Hetal P. S hah portfolio comprising of Debt Instruments and Crisil Liquid Fund Money Market Instruments maturing on or before the maturity of the S cheme. To generate returns and capital appreciation by DSP BR FMP -12-12M -(G) 14-S ep 19-S ep Close ended investing in a portfolio of debt and money market Mr. Dhawal Dalal securities. The S cheme will invest only in suc h securities whic h mature on or before the date of maturity of the S c heme. To DSP BR FMP -11-3M (G) 14-S ep 19-S ep Close ended Mr. Dhawal Dalal seek to generate returns and capital 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 generate returns through investments in debt Close ended Mr. Abhishek Bisen, Mr. Mayank Prakash and money market instruments with a view to significantly reduce the interest rate risk. The S cheme will invest in debt and money market securities, maturing on or before maturity of the sc heme. Crisil Composite Religare FMP - IX C(G) Close ended To generate income 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 cheme. Bond Fund Index , Crisil Liquid Fund Index , Crisil S hort-Term Bond Fund Index To provide regular income, liquidity and returns to SBI DFS-367D-6(G) 16-S ep 19-S ep Close ended Mr. Rajeev Radhakrishnan the investors through investments in a Crisil S hort-Term Bond Fund Index portfoliocomprising of debt instruments such as Government S ecurities, PS U & Corporate Bonds andMoney Market Instruments maturing on or before the maturity of the scheme. To seek to generate income by investing in a IDFC FMP -QS-65(G) 16-S ep 19-S ep Close ended portfolio of debt andmoney market instruments Mr. Anupam Joshi maturing on or before the maturity of the scheme. There is no assurance or guaranteethat the objectives of the scheme will be realized. To generate Objective income by investing in DWS FTF-90(G) 7-S ep 20-S ep Close ended Mr. Kumaresh Ramakrishnan debt and money market instruments maturing on or before the date of the maturity of the S cheme. There can be no assurance that the investment objective of the S cheme will be realized. Crisil S hort-Term Bond Fund Index Crisil Liquid Fund Index Crisil S hort-Term Bond Fund Index Crisil Liquid Fund Index , Crisil S hort-Term Bond Fund Index Crisil Liquid Fund Index , Crisil S hort-Term Bond Fund Index Index Crisil S hort-Term Bond Fund Index Benchmark

Kotak FMP 57 (G)

13-S ep 19-S ep

9-S ep

19-S ep

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: [email protected]

12

Saturday, September 17, 2011

Fund Opens Closes Structure Fund Manager Investment Objective To seek to generate regular returns by investing in a portfolio of fixed inc ome securities/debt ICICI P ru FMP -59-1YE(G) 12-S ep 20-S ep Close ended Mr. Chaitanya Pande instruments maturing on or before the maturity of Crisil S hort-Term the Plan under the S cheme. However, there c an be no assurance that the investment objective of the Plan under the S c heme will be realized. Close ended 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 generate income and / or capital apprec iation by investing in wide range of Debt and Money Crisil Liquid Fund Tata FMP -37-A-(G) 12-S ep 20-S ep Close ended Mr. Murthy Nagarajan Market instruments having maturity in line with the maturity of the respective schemes. The maturity of all investments shall be equal to or less than the maturity of respective sc hemes. To seek to generate regular returns and growth of c apital by investing in a diversified portfolio of Reliance FHF-XX 5(G) 16-S ep 21-S ep 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 interestrate volatility. To seek to generate regular returns and growth of c apital by investing in a diversified portfolio of Reliance FHF-XX 12(G) 16-S ep 21-S ep 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 interestrate volatility. To seek to generate regular returns and growth of c apital by investing in a diversified portfolio of Reliance FHF-XX 13(G) 16-S ep 21-S ep 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 generate income and c apital apprec iation by Daiwa FMP -3MS2(G) 14-S ep 21-S ep Close ended Mr. Killol Pandya investing in a portfolio of debt and money market Crisil Liquid Fund instruments having maturity on or before the date of maturity of the Plan(s). To generate long term c apital appreciation by investing Open ended Mr. Kausik Dani, Mr. Ganti N. Murthy in an actively managed portfolio predominantly c onsisting of Equity & equity related securities diversified over various sectors. However, there is no assurance or guarantee that the investment objec tive of the S c heme will be ac hieved. The S cheme does not assure or guarantee any returns S &P CNX Nifty Index Bond Fund Index Bond Fund Index Bond Fund Index Index , Crisil S hort-Term Bond Fund Index Crisil Liquid Fund Index , Crisil S hort-Term Bond Fund Index Bond Fund Index Benchmark

JM FMF-XX-B(G)

7-Sep

20-S ep

P eerless Equity- (G)

7-Sep

21-S ep

Wealth Research, Unicon Financial Intermediaries Pvt. Ltd. Email: [email protected]

13

Saturday, September 17, 2011

Fund Opens Closes Structure Fund Manager Investment Objective To generate regular returns through investments in fixed income securities maturing on or before the date of the maturity of the scheme. To generate returns through investments in debt Close ended Mr. Deepak Agrawal, Mr. Abhishek Bisen and money market instruments with a view to significantly reduce the interest rate risk. The S cheme will invest in debt and moneymarket securities, maturing on or before maturity of the sc heme. Birla SL FTP -DM(G) 14-S ep 28-S ep Close ended To generate income by investing in a portfolio of Mr. Kaustubh Gupta 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 protect the capital invested (fac e 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 sc heme through market instruments at the same time also seeking to provide investors with opportunities for longterm growth in capital. 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, Ajay Garg Mr. quality fixed income securities maturing in line with the tenure of the scheme and seeking capital apprec iation by investing in equity and equity related instruments. 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 income securities whilst the secondary Crisil MIP Blended Index Crisil Balanced Fund Index Index Radhakrishnan, Mr. focused investments in equity debt and money Crisil MIP Blended Crisil S hort-Term Bond Fund Index Crisil Liquid Fund Index , Crisil S hort-Term Bond Fund Index Crisil S hort-Term Bond Fund Index Benchmark Crisil Liquid Fund Index , Crisil S hort-Term Bond Fund Index

JM FMF-XX-C(G)

13-S ep 22-S ep

Clsoe ended

Mr. Girish Hisaria, Mr. Vikas Agrawal

Kotak FMP 58 (G)

16-S ep 26-S ep

JM FMF-XX-D(G)

15-S ep 28-S ep

Close ended

Mr. Jinesh Gopani objective is to generate capital appreciation by investing in equity and equity related instruments.

Source: Accord Fintech

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Saturday, September 17, 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 0.77 0.49 -0.27 0.96 0.47 0.79 -0.03 0.21 -0.03 -0.35 -0.26 0.26 0.39 0.55 -1.53 1.65 -0.16 1.44 0.37 0.17 -0.13 -1.16 -0.44 0.50 1 Year -7.78 -9.74 -11.86 -7.85 -11.94 -7.70 3.94 2.41 2.63 -4.63 1.51 -3.96

CAGR (In %) Since Inception 29.37 20.90 23.36 23.11 21.72 30.09 9.59 10.74 11.52 18.73 16.85 16.19

(16 Sep 11) 98.48 33.31 44.28 202.55 192.40 94.21 26.96 21.94 23.22 206.43 55.61 80.75

BETA 0.69 0.80 0.70 0.78 0.88 0.77 0.09 0.31 0.18 0.20 0.17 0.31

ALPHA 0.00 0.00 -0.02 0.00 -0.01 0.00 -0.01 -0.01 -0.01 -0.04 -0.02 -0.04

Expense Ratio 1.82 1.84 1.91 1.83 1.78 1.84 2.09 1.54 1.52 1.80 2.11 2.34

Absolute Return (In %) CAGR

(In %)

(16 Sep 11) 1 Week 1 Month 1 Year Since Inception 17.54 16.33 16.56 17.08 31.97 33.86 10.99 11.46 17.53 13.02 16.70 15.28 21.32 1439.16 2328.12 0.17 0.14 0.15 -0.01 -0.13 -0.10 0.16 0.17 0.09 0.16 0.17 0.17 0.16 0.16 0.15 0.76 0.74 0.67 0.50 0.30 0.27 0.75 0.78 0.79 0.73 0.75 0.76 0.73 0.72 0.68 8.44 7.87 6.82 7.71 5.08 4.00 8.97 7.60 8.82 8.31 8.47 8.60 8.20 8.45 7.81 7.01 6.05 6.98 7.99 9.21 10.73 8.60 7.06 7.29 6.47 7.29 6.58 6.87 6.69

YTM

Average Days

Modified Expense Ratio 0.14 0.80 0.60 0.79 2.12 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 51.10 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 51.10 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 9.60 9.07 0.00 0.00 8.55

8.03 10.06

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Saturday, September 17, 2011

Dividend Declaration
Scheme Name Kotak MIP(MD) Tata MIP(MD) Te mple ton India Equity Income (D)
Source: Accord Fintech

Category Hybrid Hybrid Equity

Record Date 12-Se p-11 15-Se p-11 16-Se p-11

Gross 0.09 0.50 7.00

Corporate Non-Corporate 0.06 0.37 7.00 0.08 0.43 7.00

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