Saturday, August 27, 2011

Headlines
(Global Economy) US GDP Q2 Growth Revised to 1% (Indian Economy) Food Inflation rises to 9.8% (WoW) (Economic Calendar) (Global and Domestic Stock Markets) (Derivative Analysis) Nifty September closed at 4747.90 (Technical Analysis) Nifty resistance at 4840-4900 and supports at 4650-4580. (Weekly Recommendations) DABUR AND BHARTIARTL (Sector & Company Highlights) (MF Industry update)

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Saturday, August 27, 2011

Global Economy
US GDP expanded 1% (QoQ) in Q2, which was less than estimated previously, underscoring the Feds growth forecasts. Consumer priced rose 0.5% from June even as the economy continues to slow down. This may delay additional moves by the Federal Reserve to spur growth. Sales of new homes declined more than projected in July as purchases fell 0.7% to a 298,000 annual pace after a 300,000 rate in June, the lowest level in five months, indicating the industry is struggling to stabilize two years into the economic recovery. Claims for unemployment benefits unexpectedly rose last week by 5,000 to 417,000 in the week ended Aug. 20, pushed up for a second time by a labor dispute at Verizon Communications Inc. The US unemployment rate currently stands at 9.1% U.K. GDP growth slowed to 0.2% in the second quarter (from 0.7% in Q1) as manufacturing shrank and services showed signs of losing momentum, adding pressure on government. They posted a smaller budget deficit in July than economists forecast as taxes on company profits and a new bank levy boosted government revenue. The GBP 20 mn deficit, which excludes government support for banks, compares with a GBP 3.5 bn shortfall a year earlier. Tax revenue rose 5.6% and spending gained 1.9% German business confidence fell to 108.7 in August from 112.9 in July as measured by Ifo Institutes business climate index, The manufacturing index held steady at 52 in August, while services dipped to 50.4. Japans debt rating was lowered to Aa3 from Aa2 by Moodys Investors Service, which cited weak prospects for economic growth that will make it difficult for the government to rein in the worlds largest public debt burden.

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 August 27, 2011)

US +1.6 +3.7 +3.6 9.1 -3.3 -565.5

EU +1.7 +2.9 +2.5 9.9 -0.4 -27.6

Japan -1.0 -1.7 +0.2 4.6 +2.3 +40.3

UK +0.7 -0.3 +4.4 7.9 -1.8 -158.7

China +9.5 +14.0 +6.5 6.1 +3.7 +177.5

Brazil +4.2 +0.9 +6.9 6.2 -2.5 +27.1

Russia +3.4 +5.2 +9.0 6.5 +4.9 +176.0

Commodities and Currencies

Crude Oil for October delivery rose 3.8% during the week to settle at USD 85.37 per barrel on the NYMEX after Ben Bernanke painted a picture of an upbeat US economy in the long run and that the Federal Reserve had the tools necessary to stimulate it. Gold Futures for December delivery fell 3% as traders booked profits during the week in anticipation of better economic news from Bernankes speech. The US Dollar declined 0.7% for the week to close at USD 1.4499 per Euro. The Swiss Franc too dropped 2.5% to EUR 1.169. Currencies declined as risk appetite increased amongst investors.

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Saturday, August 27, 2011

Indian Economy
India is likely to set a target of 9% economic growth during the 12th Five Year Plan that runs from 2012-13 to 2116-17. The current fiscal ending March next year, was likely to see a growth of over 8% in gross domestic product (GDP), as against 8.5% registered during the previous fiscal. The Centre for Monitoring Indian Economy (CMIE) reported that the net foreign direct investment inflow in India is expected to improve to USD 19.5 bn in 2011-12 as compared to USD 7.4 bn during the first two months of FY12 and USD 3.6 bn during the corresponding period of FY11, on account of robust and sustainable economy. Indias household savings have dropped to below 10% of gross domestic product, for the first time in 13 years, as soaring inflation ate into disposable incomes. Net financial savings by Indians dipped to 9.7% of GDP in FY11 compared with 12.1% a year ago. Food inflation rose to 9.80% for the week ended August 13 on the back of dearer onions, potatoes, fruits and protein-based items. Last week it was at 9.22%. The Reserve Bank of India has more than doubled its reserves for contingencies this fiscal amid fears of the return of financial instability, such as the one in 2008, due to the worsening European sovereign crisis and flagging US economic recovery. Indias monsoon rains were 8% below normal in the week to August 24, losing momentum from 26 per cent above normal showers in the previous week.

Indian Debt Markets

The yield on the 10-year benchmark bond ended at 8.30%. Changing expectations on domestic monetary policy also saw the front-end of the OIS curve posting a sharper rise. The one year rate closed at 7.72%.

Indian Currency Movement

The partially convertible rupee ended at 46.145/155 per USD as the sharp decline in local equities, strong dollar demand from oil companies and gold importers and the anxiety of Bernankes speech kept sentiment for the Rupee low.

Headline Inflation by WPI (%) (July11) Annualize d Rate (curre nt) Headline Inflation (WPI) 9.22 Internals Primary Products Fue l Powe r and Lubricants Manufacture d Goods
Source: CCIL

INR Exchange Rate (As on August 26, 2011) Current 1 Week USD GBP Euro Ye n 46.05 75.20 66.48 59.73 45.61 75.32 66.53 59.84 Change Weekly 0.96% -0.16% -0.08% -0.18% 1 Year 46.64 72.42 59.88 54.55 Change annual -1.27% 3.84% 11.02% 9.50%

Annualized Rate (last month) 9.44

11.30 12.04 7.49

12.22 12.85 7.43

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

Source: CCIL

8.35 8.34

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Saturday, August 27, 2011

Economic Calendar
India Date 1-Se p 1-Se p 1-Se p 1-Se p 1-Se p 1-Se p Eve nt India August Markit Mfg PMI Exports YoY% Imports YoY% Food Articles WPI YoY Fue l Power Light WPI YoY Primary Article s WPI YoY JUL JUL 20-Aug 20-Aug 20-Aug 46.50% 42.50% 9.8% 13.1% 12.4% Pe riod 2Q Prior 7.80% 30-Aug Qtrly GDP YoY%
US Date Eve nt Pe riod JUL AUG AUG 26-Aug AUG JUL 27-Aug 20-Aug AUG AUG AUG AUG Prior 17.3% (2.0) 59.5 2.4% 58.8 -0.8% 417K 3641K 50.9 4.6% 12.2M 9.1% 29-Aug Pe nding Home Sale s YoY 29-Aug Dallas Fe d Manf. Activity 30-Aug Consume r Confide nce 30-Aug Minutes of FOMC Mee ting 31-Aug MBA Mortgage Applications 31-Aug Chicago Purchasing Manage r 31-Aug Factory Orders 1-Se p 1-Se p 1-Se p 1-Se p 2-Se p 2-Se p Initial Jobless Claims Continuing Claims ISM Manufacturing ICSC Chain Store Sales YoY Total Vehicle Sale s Unemployme nt Rate

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Saturday, August 27, 2011

Key Indices Global Close Dow Jone s NASDAQ S&P 500 FTSE DAX Hang Se ng Nikke i-225 11284.5 2479.9 1176.8 5129.9 5537.5 19582.9 8797.8 Key Indices (Indian) Indice s BSE SENSEX NSE NIFTY BSE MIDCAP BSE SMALL CAP Sectoral Indices BSE AUTO BSE METALS BSE BANKEX BSE IT 8048.9 11145.0 10245.5 4720.0 Weekly Gainers (BSE 100) ABB LUPIN 816.4 453.9 Weekly Losers (BSE 100) JET AIRWAYS RELCAP 253.1 343.0 Weekly Turnover (in INR Bn) BSE NSE CASH NSE F&O 112.8 530.5 8401.9 -15.0% -11.5% 5.6% 4.2% -1.7% -5.3% -4.8% -0.4% Close 15848.8 4747.8 6034.9 6911.4 % Change (we e k) -1.8% -2.0% -1.5% -1.3% % Change (we e k) 4.3% 5.9% 4.7% 1.8% 1.0% 0.9% 0.9%

Global and Domestic Stock Markets

Global
International markets continued to be volatile. Euro zone worries continued with worries over German economy and potential downgrades leading to sharp declines in Dax. Clarification by credit rating agencies reaffirming Germanys rating did not help much. However most other international markets remained stable in the current week. Asia was volatile with Moodys downgrading Japan. US markets rallied in hopes of QE3 from Fed though economic data continued to disappoint. Ben Bernanke did not indicate any measures to stimulate economy but indicated that it had tools which it can use if required should the economic growth falter. Crude rallied from lows. Gold turned volatile after the recent sharp gains. US Data to watch next week: Aug Consumer Confidence, July Factory Orders, Q2 Non farm Productivity, Aug Total Vehicles Sales, Aug Unemployment Rate.

Domestic Performance of Sectoral Indices

Domestic markets continued to wilt under pressure largely on account of macro economic concerns. RBI report indicated some pressure on the mfg side. Credit growth could slowdown. Concerns over potential NPAs were also expressed. Hawkish stance of inflation meant interest rate sensitive remained under pressure. The volatile political scenario over the anti corruption crusade did not help. Banking, metals, technology, infrastructure and ADAG group companies were among the worst performers. The number of stocks hitting 52 week lows kept increasing as the week progressed clearly indicating the sentiment in the street. FIIs continued to be net sellers in cash segment. Data to watch next week: July Exports YoY %, July Imports YoY%, Food Articles WPI YoY.

Outlook
India has been one of the worst performing emerging markets in recent times. Rupee also depreciated indicating further pressure of FII flows. Policy paralysis from Government has not helped. Companies with leverage continue to be the worst affected. Consumer themes and agri themes were relatively resilient. Sensex estimate downgrades are coming thick and fast and the market will price in the slowdown and slower growth in earnings quickly. In the near term thus pressure on indices could continue though valuations have definitely become reasonable for a whole host of sectors.

Institutional Activity in INR Bn (Weekly) Institutions FII DIIs Ne t Inflow -34.4 17.9

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Saturday, August 27, 2011

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

Market Snapshot
Nifty September Futures closed at 4748.7 (Discount of 0.90 points over the Nifty spot) Open interest Nifty FUTIDX (Expiry 29 September): 24.22 mn. Open interest BankNifty FUTIDX (Expiry 29 September): 1.58 mn. India VIX for the week ended at 27.94, up 5.03 from previous weeks close (22.91). In the week VIX touched low of 24.93 and high of 33.26. Weekly Open Interest Analysis (Nifty Option)

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

45 0 0

46 0 0

4 70 0

4 80 0

49 0 0

5 00 0

5 10 0

5 20 0

53 0 0

5 40 0

5 50 0

Across all expiries, open interest is highest at the 5200, 5000, 5500 call options, while open interest in the put options is highest at 4600, 4700 & 4800 strike prices, suggesting 4600 - 5000 to be the trading zone for Nifty index in short term.

Strike

Change in OI
2,000,000

Call Option Put Option

Sector Wise OI Change: IT was the sole sector to show positive open interest change. Banking & Auto sectors were the worst performing in the negative territory.

1,000,000 0
4 800 4 900 5 000 5 300 5 400

OI-Change

(1,000,000)

(2,000,000) (3,000,000) (4,000,000)

5 500

460 0

470 0

510 0

520 0

4500

Top 5 Price Gainers

SCRIPS
Strike

(5,000,000)

% Change - Price Cash Future 12.35 1.18 725.00 7.23 7.20 12.94 9.36 7.51 7.50 7.29

%Change - Volume % Change Cash Future in OI (23.83) 121.52 122.61 (16.50) (75.58) (42.82) (82.29) 24.32 9.68 (58.44) (31.25) (80.16) (19.08) (27.74) 2.19

KSOILS COREPROTEC ULTRATECH BATAINDIA RUCHISOYA

Cement CapitalGoods IT

S e c tor s

Pharma Auto Metal&Mining Oil&Gas Realty Bank Power

Top 5 Price Losers

SCRIPS JPPOWER MLL RELCAPITAL JETAIRWAYS
3 50% 100% 150% 200% 250% 300% 400% 50% 0%

% Change - Price Cash Future (11.08) (11.75) (11.16) (14.63) (24.57) (11.06) (11.50) (12.40) (14.72) (24.38)

%Change - Volume % Change Cash Future in OI 43.92 78.55 211.55 (46.77) (58.30) (6.33) 0.77 125.85 (54.64) (41.43) (11.76) (13.59) (23.51) (9.00) (21.41)

-7 5 0 %

-7 0 0 %

-6 5 0 %

-6 0 0 %

-4 5 0 %

-4 0 0 %

-3 5 0 %

-3 0 0 %

-2 5 0 %

-1 5 0 %

-1 0 0 %

-5 5 0 %

-5 0 0 %

% Change in OI

Nifty PC Ratio
1.1 1.05 1 0.95 0.9
PCR

-2 0 0 %

-5 0 %

DCHL

Top 10 Volume Gainers

SCRIPS GMDCLTD MCDOWELL-N COLPAL
22-Aug 24-Aug 26-Aug 23-A ug 25-Aug

% Change in F&O Price Open Interest 8.25 (8.30) 2.92 (0.70) (2.37) (3.13) (0.68) (11.16) (1.21) (4.44) 6.91 (8.48) 3.01 1.21 (2.84) (3.21) (2.10) (12.40) (0.43) (4.89)

% Change Volumes (Delivery Based) 74.06 37.89 (2.71) 40.81 278.01 370.73 (88.08) 440.00 15.40 66.86

0.85 0.8 0.75 0.7 0.65 0.6

VIDEOIND RCOM SRTRANSFIN BRFL RELCAPITAL MPHASIS NMDC

Date

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Saturday, August 27, 2011

Technical Analysis

(Source: Iris)

Conclusion
Last week Nifty shut on a negative note @ 4747 and down by 98 points from the previous week's close. Technically Nifty on weekly chart has formed bearish candle stick pattern, which shows sideways to negative sentiment in coming sessions. Nifty spot on weekly has opened at 4843.70 and made a high of 4965.80 and made a low of 4720 then finally closed negative at 4747.80. Stochastics and the RSI are slightly oversold and sideways signaling that selling pressure at resistance levels are possible short-term. The close below the weekly 200 moving average (4840) 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 support levels are taken out. The market setup is somewhat sideways to negative trend with trading range between 4650-4900. The next area of resistance is around at 4840-4900. So Nifty appears to be sideways to bearish trading on weekly chart having supports at 4650-4580 levels. For short term trading long positions, stop loss of 4680 is advisable. Weekly Nifty has resistance at 4840-4900 and supports at 4650-4580. Weekly Sensex has resistance at 16120-16340 and supports at 15555-15370. Weekly Bank Nifty has resistance at 9150-9384 and supports at 8740-8640.

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Saturday, August 27, 2011

Weekly Recommendations

DABUR LTP 108.00 View: Positive

Oscillators Analysis: The weekly stochastic oscillator is generating a buy signal with the RSI moving up. On the daily chart, the MACD is moving upwards & the directional positive ADX showing strength. Technical Analysis: Dabur has bullish candle stick formation on weekly chart with good volume support. The stock has a good support at 104 which is also a moving average support on weekly chart. The stock has been outperforming the market in the recent past and is trading above the short term moving averages. The stock has potential to move higher for targets of 117 levels. We recommend to buy the stock around current levels and on declines till 105 with stop loss of 103.

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Saturday, August 27, 2011

Bharti Airtel LTP 398 View: Positive

Oscillators Analysis: MACD histogram is showing positive divergence on daily charts. Daily stochastics and RSI are in positive territory. Technical Analysis: Bharti Airtel after hitting a recent high of 440 levels corrected sharply till 377 levels and is now suggesting a fresh upmove. The stock is trading above the medium term and long term moving averages. The overall telecom space has also shown relative outperformance. The stochastics indicate that the scrip has a short term bottom in place. The stock has potential to atleast retest the recent highs of around 440 levels. We recommended the stock at market price and declines till 395, with stop loss below 389 on closing basis for a target of Rs. 440

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Saturday, August 27, 2011

-7Banking
State Bank of India will come out with its rights issue this fiscal itself, but it is well capitalised to see through this fiscal if the government delays giving its go-ahead for the proposed INR 210 bn issue. Public sector banks will require additional INR 8 Tn up to 2019 to meet new capital norms and growth requirements. This follows a new international agreement on bank regulation known as Basel III which RBI is looking at implementing in India.

Sector & Company Highlights

Capital Goods & Infrastructure

Larsen & Toubro has secured contracts worth INR 21.37 bn in the Building & Factories segment during the second quarter of FY12 for the construction of commercial & residential buildings including add-on orders from ongoing projects. Positive, as it improves the revenue visibility of the company.

Cement
Cement prices may recover post-monsoon, with construction activity expected to pick up, demand is likely to rise. Positive, as higher price realization would improve the profit margin of the company.

Fertilizers
Gusiute Holdings (UK), a wholly owned subsidiary of Tata Chemicals (TCH) has entered into an agreement with Canadian potash miner EPM Mining Ventures Inc to acquire 30% stake in the company for USD16 mn. This acquisition is a part of TCHs plan to secure its raw material supplies and enhance its global presence. Vertical integration would help TCH in posting better margins in future.

FMCG
Colgate-Palmolives board will consider issue of bonus shares at the appropriate time. Hindustan Unilever (HUL) and Future Group will co-develop and co-brand a line of bakery products that will be sold exclusively at Big Bazaar stores in the first instance of such a partnership in the country.

Information Technology
The Income Tax department has slapped a tax demand of INR 21.14 bn on Mahindra Satyam Ltd. after disallowing exemptions claimed by the company. In other news, the company has opened a new delivery center in the Netherlands.

Power & Power Equipment

Suzlon Energy has won a repeat order from the Malpani Group to set up, operate and maintain projects totalling 29.7MW. Neutral, given the quantum of order size.

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10

Saturday, August 27, 2011 Mutual Fund Insights

Scheme Update
ICICI Prudential Mutual Fund has declared dividend for ICICI Prudential Dynamic Plan, on the face value of Rs. 10 per unit. The quantum of dividend for distribution is Rs 0.5 per unit. The record date for dividend distribution is 30th August 2011 HSBC Mutual Fund has announced to revise exit load structure under HSBC Income Fund - Short Term Plan and HSBC Flexi Debt Fund. Under HSBC Income Fund - Short Term Plan and HSBC Flexi Debt Fund an exit load of Rs. 0.05 per cent will be charged if units are redeemed or switched out within 6 months from the date of allotment. The revised structure of exit load will be effective from 1st September 2011.
-2 0 2
Debt

MFTrading Activity ( In Billions)

25-Aug 24-Aug 23-Aug 22-Aug

4 6
Equity

10

12

FII Trading Activity ( In Billions)

26-Aug 25-Aug 24-Aug 23-Aug 22-Aug

-20 -15 -10
Debt

-5

0
Equity

10

15

20

Source: Accord Fintech

Weekly Activity
Date Mutual Fund Activity 25-Aug-11 24-Aug-11 23-Aug-11 22-Aug-11 FII Activity 26-Aug-11 25-Aug-11 24-Aug-11 23-Aug-11 22-Aug-11
Source: Accord Fintech

Equity (INR in Bn) Purchase 5.71 4.51 4.44 6.73 Sales 3.69 3.57 3.24 4.84 Net Purchase /Sales 2.03 0.94 1.20 1.88 Purchase 18.57 37.08 32.47 28.93

Debt (INR in Bn) Sales 11.30 27.28 32.95 22.50 Net Purchase /Sales 7.27 9.80 -0.48 6.43

31.30 20.06 25.95 14.71 52.09

46.24 27.64 26.67 22.37 64.91

-14.94 -7.58 -0.72 -7.66 -12.81

6.76 13.39 18.92 9.79 9.20

11.79 3.60 5.27 11.52 5.73

-5.04 9.79 13.65 -1.73 3.47

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11

Saturday, August 27, 2011

New Fund Offers
Fund Opens Closes Structure Fund Manager Investment Objective To seek to generate income and / or capital apprec iation by investing predominantly in wide Tata FTF-2-B(G) 17-Aug 29-Aug Close ended Mr. Murthy Nagarajan, Mr. Bhupinder S ethi range of Debt and Money Market instruments that are maturing on or before the maturity of the respec tive scheme. To attain capital appreciation, the scheme will invest small portion in equity/ equity related instruments. To generate income and / or capital appreciation by investing in wide range of Debt and Money Tata FMP -38-A(G) 17-Aug 29-Aug 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 capital by investing in a diversified portfolio of Reliance FHF-XX11(G) 22-Aug 29-Aug 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 seek to generate regular returns by investing in a portfolio of fixed income securities/debt ICICI P ru FMP -59-1YC(G) 17-Aug 29-Aug 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 can be no assurance that the investment objective of the Plan under the S cheme will be realized. To generate income by investing in high quality Axis Hybrid fund-2(G) 16-Aug 30-Aug Close ended Mr. R S ivakumar, fixed income securities whilst the secondary Crisil MIP Blended Index Bond Fund Index Bond Fund Index Crisil S hort-Term Bond Fund Index Crisil MIP Blended Index Benchmark

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

DWS FTF-89(G)

18-Aug 30-Aug

Close ended

Mr. Kumaresh Ramakrishnan Mr. Dwijendra S rivastava, Mr. S rividhya Rajesh

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 income and minimise risk of c apital loss by investing in a portfolio

Crisil S hort-Term Bond Fund Index

Sundaram CP O3Yrs(Series 5)-(G)

17-Aug 31-Aug

Close ended

of fixedincome Crisil MIP Blended Index

securities. The scheme may invest a part of the assets in equity to seek capital appreciation. To seek to generate returns by investing in a portfolio of is fixed to income securities/ term debt capital

ICICI P ru Multiple Yield-D(G)

22-Aug 2-S ep

Close ended

Mr. Chaitanya Pande, Mr. Mrinal S ingh

instruments. The secondary objective of the S cheme generate investing long apprec iation by instruments. a portion of the

Crisil MIP Blended Index

S cheme's assets in equity and equity related

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12

Saturday, August 27, 2011

Fund Opens Closes Structure Fund Manager Investment Objective To seek to generate regular returns by investing ICICI P ru FMP -57-3YA(G) 22-Aug 2-S ep Close ended Mr. Chaitanya Pande in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Plan under the S cheme. To seek to generate regular returns by investing ICICI P ru FMP -58-2YD(G) 24-Aug 2-S ep Close ended Mr. Chaitanya Pande in a portfolio of fixed income sec urities/ debt instruments maturing on or before the maturity of the Plan under the S cheme. To SBI Gold(G) 22-Aug 5-S ep Open ended Mr.Raviprakash S harma seek to provide returns that closely Gold-London Bullion Market association (LBMA) Crisil S hort-Term Bond Fund Index Crisil Composite Bond Fund Index Crisil Composite Bond Fund Index Benchmark

correspond to returns provided by S BI Gold Exchange Traded S cheme (S BI GETS ). To achieve growth of capital through investments

BNP P aribas FTF-22 D(G)

Source: Accord Fintech

24-Aug 7-S ep

Close ended

Mr. Alok S ingh

made in a basket of fi xed income securities maturing on or before the maturity of the scheme.

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13

Saturday, August 27, 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 -1.44 -1.35 -1.89 -1.09 -2.33 -1.23 -0.31 -0.40 -0.70 -1.59 -1.14 -1.11 -14.70 -11.28 -15.35 -11.06 -13.97 -10.41 -1.33 -1.79 -2.42 -9.22 -8.31 -8.56 1 Year -9.61 -10.45 -12.70 -7.86 -12.62 -7.82 3.74 2.72 2.79 -4.87 0.93 -4.93

CAGR (In %) Since Inception 28.68 20.05 22.70 22.79 21.33 29.63 9.55 10.67 11.44 18.56 16.58 15.95

(26 Aug 11) 92.56 31.52 42.12 191.06 181.31 90.04 26.70 21.70 22.96 199.23 53.75 77.52

BETA 0.67 0.80 0.69 0.78 0.88 0.78 0.10 0.31 0.18 0.23 0.21 0.36

ALPHA -0.01 0.00 -0.02 0.01 -0.01 0.01 -0.01 -0.01 -0.01 -0.03 -0.01 -0.03

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 %)

(26 Aug 11) 1 Week 1 Month 1 Year Since Inception 17.45 16.25 16.48 17.05 31.95 33.82 10.93 11.41 17.46 12.95 16.62 15.21 21.21 1432.16 2317.53 0.20 0.21 0.17 0.27 0.21 -0.03 0.20 0.26 0.31 0.19 0.19 0.20 0.17 0.16 0.15 0.75 0.77 0.65 0.92 1.02 1.71 0.77 0.86 0.96 0.71 0.74 0.76 0.74 0.69 0.69 8.24 7.72 6.66 7.89 5.26 4.14 8.82 7.48 8.84 8.10 8.33 8.40 8.00 8.29 7.63 7.00 6.03 6.97 8.03 9.24 10.77 8.58 7.06 7.26 6.45 7.27 6.56 6.85 6.68

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 54.75 248.20 14.10 912.50 1230.05 1766.60 87.60 273.75 0.00 58.40 51.10 0.00 38.00 35.82 0.00

Maturity In Duration in 54.75 273.75 14.70 1003.75 1799.45 2660.85 94.90 386.90 631.45 62.05 51.10 80.70 43.00 38.34 51.30

9.00 0.00 0.00 9.75 9.22 0.00 9.84 0.00 9.07 9.60 9.40 0.00 0.00 8.84

8.00 10.20

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Saturday, August 27, 2011

Dividend Declaration
Scheme Name Baroda Pione e r MIP(MD) HDFC MIP-LTP(MD) HDFC MIP-STP(MD) ICICI Pru Ble nde d-B-I(MD) ICICI Pru Ble nde d-B-II(MD) ICICI Pru MIP 25(MD) ICICI Pru MIP(MD) IDBI MIP(MD) Kotak Equity Arbitrage (MD) L&T MIP(MD) Re liance MIP(MD)
Source: Accord Fintech

Category Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid Hybrid

Record Date 25-Aug-11 25-Aug-11 25-Aug-11 26-Aug-11 26-Aug-11 26-Aug-11 26-Aug-11 25-Aug-11 22-Aug-11 25-Aug-11 22-Aug-11

Gross 0.66 0.69 0.57 0.70 0.77 0.40 0.38 0.50 0.61 0.60 0.65

Corporate Non-Corporate 0.50 0.51 0.43 0.52 0.58 0.30 0.29 0.38 0.61 0.45 0.49 0.58 0.60 0.50 0.61 0.67 0.35 0.34 0.44 0.61 0.53 0.57

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

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Saturday, August 27, 2011

Disclaimer
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