Saturday, June 11, 2011

Headlines
(Global Economy) US unemployment rate increased to 9.1% in May 2011. (Indian Economy) Industrial Production grew 6.3% in April 2011 (New IIP Series) (Economic Calendar) (Global and Domestic Stock Markets) (Derivative Analysis) Nifty June Futures closed at 5484.15 (Technical Analysis) Nifty Support levels are at 5350-5325 and Resistance 5550-5600. (Weekly Recommendations) Century Textiles Ltd. & Karnataka Bank Ltd. (Sector & Company Highlights) (MF Industry update)

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Saturday, June 11, 2011

Global Economy
US unemployment rate unexpectedly climbed to 9.1% in May as employers added 54,000 jobs and a revised 232,000 gain in April. Job openings have decreased for the first time in three months stoking fears about the economic growths durability. The number of positions waiting to be filled fell by 151,000 to 2.97 mn. Another report showed consumer borrowing rose in April for a seventh consecutive month, led by a gain in non-revolving debt, including auto and student loans. Credit rose by USD 6.25 bn after a revised USD 4.82 bn gain in March. Trade deficit however shrank 6.7% to USD 43.7 bn, reflecting a plunge in auto and oil imports combined with record exports. U.K. house prices rose 0.1% in May, failing to bounce back from the biggest drop in seven months in April. The increase follows a 1.4% decline in April. The average cost of a home in May was GBP 160,519. The Bank of England left its record low interest rate unchanged at 0.5%. The European Union will focus on preparing a new aid package for Greece that includes a voluntary role for investors after the EU and International Monetary Fund approved the fifth installment of Greeces EUR 110 bn bailout. Also the ECB kept its key interest rate unchanged at 1.25%. German industrial production dropped 0.6%, the first time in four months in April, led by a drop in construction output. The output for March was revised to 1.2%. For the year, industrial output has increased 9.6%, adjusted for working days. Chinas net purchases of Japans long-term debt reached JPY 1.33 tn (net) as the former seeks to diversify its currency reserves which are currently the biggest in the world. Japans GDP shrank at an annualized 3.5% in the three months ended March 31. Capital investment dropped 1.3% while private inventories detracted 0.4% from GDP. The Reserve Bank of Australia left its benchmark interest rate unchanged at 4.75%.

Global Economic Indicators

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

(As on June 9, 2011)

US +2.3 +5.0 +3.2 9.1 -3.4 -677.7

EU +2.5 +5.3 +2.7 9.9 -0.4 -25.4

Japan -1.0 -14.0 +0.3 4.7 +2.6 +61

UK +1.8 +0.7 +4.5 7.7 -2.0 -151.6

China +9.7 +13.4 +5.3 6.1 +3.1 +179

Brazil +4.2 -1.3 +6.6 6.4 -2.8 +23.2

Russia +4.1 +4.5 +9.6 7.2 +5.6 +158.8

Commodities and Currencies

Crude Oil for July delivery fell 0.9% to settle at USD 99.29 a barrel on the NYMEX as Saudi Arabia planned to increase oil production to deflate a possible bubble in oil prices. Copper futures for July delivery fell 1.9% to settle at USD 4.056 per pound on a decline in imports by China. The euro declined 2% to close at USD 1.4347 as ECB signaled a slowing pace of interest rate increases for 2012. The pound sterling also fell 0.7% to USD 1.6245 on increasing concerns of a slowdown in the British economy.

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Saturday, June 11, 2011

Indian Economy
Services sector slipped to 55.0 in May from 59.2 in April according to the HSBC Markit Business Activity Index, the slowest pace in 20 months as soaring prices and interest rate hikes ate into new business growth and reduced the level of optimism. Foreign exchange reserves rose by USD 1.68 bn to USD 310.21 bn for the week ended May 27 on the back of a sharp increase in foreign currency assets. Foreign currency assets increased by USD 1.67 bn to USD 278.87 bn, the value of special drawing rights increased by USD 6 mn to USD 4.59 bn and reserves with the IMF increased by USD 4 mn to USD 2.96 bn. The value of gold reserves remained unchanged at USD 23.79 bn. The country will award INR 550 bn of highway construction projects in FY12 as the nation aims to remove infrastructure bottlenecks that hinder economic growth. The 7,300 km project includes new expressways as well as widening of existing roads. The NHAI will raise INR 120 bn in FY12 to partly fund the project. Net direct tax collections were down 47.93% at INR 12.95 tn during the first two months of the current fiscal, mainly on account of the I-T department doling out large refunds. The gross figure however as up 37.34% to INR 50.41 tn. The government has cleared 16 foreign direct investment (FDI) proposals amounting to INR 9.24 bn, including those of Star News Broadcasting Ltd and L&T Finance Holdings. FDI into the country had fallen to USD 19.43 bn in 2010 11 as against USD 25.83 bn in the previous fiscal, a decline of 25%. Food price index rose 9.01% and the fuel price index climbed 12.46% in the year to May 28. The primary articles index was up 11.52%. Industrial output increased 6.3% in April (YoY) according to a new IIP with a different base year of 2004 05, new components and weights. According to the old series, IIP came in at 4.4%.

Indian Debt Markets

Bond yields and swap rates eased during the week after April industrial output clocked slower-than-expected growth. The benchmark 10-year bond yield closed down 4 bps for the week at 8.23%. The highly traded 8.08% 2022 bond and the 8.13% 2022 bond both closed at 8.34% for the week.

Indian Currency Movement

The partially convertible rupee ended at 44.72 / 73 per dollar, a decline of 0.29% for the week. The rupee was little changed as the negative impact of weak local shares and a volatile euro was offset by robust corporate dollar inflows, but importer dollar demand capped gains.

Headline Inflation by WPI (%) (Apr11) Annualized Rate (current) Headline Inflation (WPI) 8.66 Internals Primary Products Fuel Power and Lubricants Manufactured Goods
Source: CCIL

INR Exchange Rate (As on June 10, 2011) Current 1 Week USD GBP Euro Yen 10 year Gilt 1 Year Gilt
Source: CCIL

Annualized Rate (last month) 8.98

Change Weekly -0.29% -0.49% -0.26% 0.43%

1 Year 46.67 68.34 56.85 50.36 8.32 8.11

Change annual -4.18% 6.72% 13.84% 10.86%

44.72 72.93 64.72 55.83

44.85 73.29 64.89 55.59

12.05 13.32 6.18

12.96 12.92 6.21

Debt Market Yields (%)

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Saturday, June 11, 2011

1700 1600 1500 1400
Gold ($/OZ)

Gold / Silver (Spot)

55 50 45 40
Silver ($/OZ)

390 110 380 370 360 90 350 340 80 330 320 310 60 Jun-10 Jul-10 Sep-10 Oct-10 Nov-10 Jan-11 Feb-11 Apr-11 May-11 300

100
Price (USD)

1300 1200 1100 1000 900 800 Jun-10 Jul-10 Sep-10 Oct-10 Nov-10 Silver Jan-11 Gold Feb-11 Apr-11 May-11

35 30 25 20 15 10

70

Inventory
1.8 1.75 1.7

Crude Oil
1.15 1.1 1.05

1.55 1.5 1.45 1.4

USD / EUR

Currencies

0.013 0.0125 0.012

Currencies

1.65
USD / GBP

1
USD / JPY

1.6 1.3 1.55 1.5 1.45 1.4 Jul-10 Sep-10 Oct-10 Nov-10 Jan-11 Feb-11 Apr-11 May-11

0.95 0.9 0.85

0.011 0.0105

1.25 1.2 1.15 1.1 Jun-10

0.8 0.01 0.0095 Jun-10 Jul-10 Sep-10 Oct-10 Nov-10 Jan-11 Feb-11 Apr-11 May-11 0.75 0.7

USD / EUR

USD / GBP

USD / JPY

USD / AUD

Economic Calendar
India Date 14-Jun 14-Jun 16-Jun 16-Jun 16-Jun 16-Jun 16-Jun 16-Jun Event India Manpower Survey Monthly Wholesale Prices YoY India REPO Cutoff Yield Food Articles WPI YoY Fuel Power Light WPI YoY Primary Articles WPI YoY Cash Reserve Ratio Reverse Repo Rate Period 3Q MAY 16-Jun 4-Jun 4-Jun 4-Jun Prior 49.0% 8.7% 7.3% 9.0% 12.5% 11.5% 6.0% 6.3%
US Date 14-Jun 14-Jun 15-Jun 15-Jun 15-Jun 16-Jun 16-Jun 16-Jun 16-Jun 16-Jun 17-Jun Event Producer Price Index (YoY) Advance Retail Sales Consumer Price Index (YoY) Empire Manufacturing NAHB Housing Market Index Initial Jobless Claims Continuing Claims Building Permits Housing Starts Current Account Balance U. of Michigan Confidence Period MAY MAY MAY JUN JUN 10-Jun 4-Jun MAY MAY 1Q JUN P Prior 6.8% 0.5% 3.2% 1188.0% 16.0 427K 3676K 551K 523K -$113.3B 74.3

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USD / AUD

1.35

0.0115

Inventory

(Million Barrels)

120

Crude Oil

400

Saturday, June 11, 2011

Key Indices Global Close Dow Jones NASDAQ S&P 500 FTSE DAX Hang Seng Nikkei-225 11,951.90 2,643.70 1,271.00 5,765.80 7,069.90 22,420.40 9,514.40 Key Indices (Indian) Indices BSE SENSEX NSE NIFTY BSE MIDCAP BSE SMALL CAP Close 18,268.50 5,485.80 6,898.30 8,288.50 Sectoral Indices BSE AUTO BSE METALS BSE BANKEX BSE IT 8,633.80 14,885.40 12,225.90 6,093.60 Weekly Gainers (BSE 100) IVRCL Infra HDIL 75.5 175.25 Weekly Losers (BSE 100) Shriram Transport Hero Honda 647.4 1723.95 Weekly Turnover (in INR Bn) BSE NSE CASH NSE F&O Institutional Activity in INR Bn (Weekly) Institutions FII DIIs Net Inflow -2.3 6.5 125.4 426.0 3713.8 -7.5% -7.3% 8.8% 8.5% -2.0% -1.3% -0.7% 1.5% % Change (week) -0.6% -0.6% 0.0% 0.6% % Change (week) -1.6% -3.3% -2.2% -1.5% -0.6% -2.3% 0.2%

Global and Domestic Stock Markets

Global
Global markets continued to trade with negative bias. Dow Jones, Nasdaq, S&P 500 were all lower for the week with losses in 1.6%-3.3% range. European markets also ended negative on weak global cues. Asian markets also followed the trend with Hangseng losing 2.3% in the week. In the commodities market, NYMEX Crude traded around $99.35 levels and Gold traded lower near $1532 levels in the week. Silver also ended lower. On the economic front, initial jobless claims remained at 427,000, higher by 1000 over the previous data. US Data to watch next week: Producer Price Index, Advance Retail Sales, Business Inventories, Consumer Price Index, Capacity Utilization, Industrial Production, Initial Jobless Claims, Housing Starts, Current Account Balance.

Domestic Performance of Sectoral Indices

Indian markets remained volatile in the week with muted volumes as market participants waited for important economic data. Nifty and Sensex lost 0.6% each. BSE Midcap and Smallcap remained flat. Among the BSE sectoral indices, CD (+3.16%), IT (+1.5%) gained, while Auto (-2.0%), Metals (-1.3%) ended negative. On the BSE100 index, IVRCL Infra, HDIL were the gainers, while Shriram Transport, Hero Honda lost ~7-8% in the week. DIIs were buyers while FIIs were net sellers in the cash market. Data to watch next week: India Manpower Survey, Monthly Wholesale Prices, YoY%, India Repo Cutoff Yield, Food Articles WPI YoY, Fuel Power Light WPI YoY, Primary Articles WPI YoY, Cash Reserve Ratio, Reverse Repo Rate.

Outlook
Indian markets saw muted volumes in the second week of June series. On the economic data front, Food Articles WPI came in at 9.01%; Primary Articles WPI came in at 11.52%. Industrial Production for April came in at 4.4% vs. 7.3%, disappointing investors further. The inflation remained at high levels despite RBI increasing interest rates in last meeting. RBI is likely to increase the key rates by 25bps in its June-16 meeting. Banking and Auto sectors are likely to get affected further in the next week. Political events in the country are also affecting the global investors. The next week is likely to remain volatile ahead of RBI meeting. Key support levels for Nifty are placed at 5380-5450, below which further downsides are possible. Some pullback rally cannot be ruled out as some beaten down stocks might get new buyers.

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

Saturday, June 11, 2011

Derivative Analysis
OI Analysis
Call Option Put Option

Market Snapshot
Nifty June Futures closed at 5484.15 (Premium of 1.65 over the Nifty spot) Open interest Nifty FUTIDX (Expiry 30 June): 23.70 mn. Open interest BankNifty FUTIDX (Expiry 30 June): 1.53 mn. India VIX for the week ended at 18.54, up 0.93 from previous weeks close (17.61). In the week VIX touched low of 17.55 and high of 19.75. Weekly Open Interest Analysis (Nifty Option) Across all expiries, open interest is highest at the 5800, 5600, 5700 call options, while open interest in the put options is highest at 5000, 5300, 5400 strike
5400 5600 5800 5900 6000

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

OI

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

5200

5500

5000

5700

5300

5100

prices, suggesting 5300-5800 to be the trading zone for Nifty index in short term, though the trend seems downwards.

Strike

Change in OI
3,000,000

Call Option Put Option

Sector Wise OI Change: Banking, Oil&Gas, Auto, Metal&mining, IT sectors saw gains in Open Interest.

2,000,000

OI-Cha nge

1,000,000

5800

5900

5100

6000

5000

5400

5600

5200

5300

5500

5700

Top 5 Price Gainers

SCRIPS % Change - Price Cash INDIAINFO 9.16% 9.81% 8.28% 9.08% 8.10% HCC HDIL IVRCLINFRA IRB Future 9.32% 9.27% 8.41% 8.38% 7.48% %Change - Volume % Change Cash 876.40% 186.05% -20.24% 120.67% 224.89% Future 296.60% 966.21% 10.29% 135.67% 123.47% in OI 5.25% 4.94% 1.10% -8.33% -14.85%

(1,000,000)

Strike

Cement CapitalGoods IT

Sec tors

Pharma Auto Metal&Mining Oil&Gas Realty Bank Power

-50% 0% -100% 50% 200% 100% 150%

Top 5 Price Losers

SCRIPS BHUSANSTL HEROHONDA SRTRANSFIN
Nifty PC Ratio

% Change - Price Cash -8.25% -7.35% -7.49% -5.79% -5.93% Future -8.31% -6.77% -6.67% -6.02% -5.98%

%Change - Volume % Change Cash 220.03% 700.84% 83.89% -59.39% -46.13% Future -19.74% 56.59% 208.65% -23.66% -52.34% in OI 60.16% -0.28% 12.39% 13.24% 9.69%

% Change in OI

1 0.95 0.9

UNIPHOS EXIDEIND

Top 10 Volume Gainers

SCRIPS GTL CONCOR
10-J un 6-J un 7-J un 8-J un 9-J un

PCR

0.85 0.8 0.75 0.7 Date

% Change in F&O Price -0.86% 1.23% 9.81% 4.55% 6.87% 7.43% 3.30% 3.47% 9.16% 4.55% Open Interest 2.08% -4.17% 4.94% -5.52% 18.92% 2.46% 0.53% -6.47% 5.25% 4.95%

% Change Volumes (Delivery Based) 4659.79% 3177.86% 966.21% 881.33% 698.50% 484.38% 431.04% 336.55% 296.60% 217.50%

HCC PANTALOONR CENTURYTEX HEXAWARE COREPROTEC TULIP INDIAINFO PATELENG

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Saturday, June 11, 2011

Technical Analysis

(Source: Iris)

Conclusion
Last week Nifty shut on a marginal negative note @ 5486 and down by 31 points from the previous week's close. Technically Nifty on weekly chart has formed doji candle stick pattern, which shows sideways to negative sentiment in coming sessions. Nifty spot on weekly has opened at 5504.30 and made a high of 5570 and made a low of 5457.45 then finally closed negative at 5486. Stochastics and the RSI are slightly oversold signaling that buying pressure at support levels are possible short-term. The close below the 65 day moving average (5606) indicates the short term trend could be turning sideways to negative. Stochastics trending lower at midrange will tend to reinforce a move lower especially if resistance levels are taken out. The market setup is somewhat sideways to negative trend with trading range between 5570-5370. The next area of resistance is around 5520-5570. So Nifty appears to be sideways trading on weekly chart having supports at 5400-5350 levels. For short term trading long positions, stop loss of 5480 is advisable. Weekly Nifty has resistance at 5520-5570 and supports at 5400-5350. Weekly Bank Nifty has resistance at 10800-10920 and supports at 10541-10370.

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Saturday, June 11, 2011

Weekly Recommendations

Century Textiles Ltd LTP 345.00. View: Positive

Oscillators Analysis: Stochastics and RSI are positive crossover and are in oversold territory on weekly chart reading, which indicate positive sentiment in stock momentum with decent volume support. Pattern Analysis: A clear double bottom support zone at 320, which indicates stock may upside till resistance level, is a confirmation of a trend in that direction. Technical Analysis: Century Textiles Ltd has bullish candle stick on weekly chart with good volume support. Stock has 20 week moving average support at 336 levels. Weekly RSI has shown positive crossover into oversold territory which will tend to supports reversal action if it occurs. The market tilt is positive with the close above multiple supports at 320 on weekly chart basis. The next area of resistance is around 383, while 1st support hits at 336 and below there at 330. It is also heading towards resistance zone at 383.00. We recommended the stock at market and in the range of 336 with stop loss at 316 (closing basis) for a target of Rs. 383.

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Saturday, June 11, 2011

Karnataka Bank Ltd. LTP 122.00. View: Positive

Oscillators Analysis: Stochastics and RSI are positive crossover and are in oversold territory on weekly chart reading, which indicate positive sentiment in stock momentum. Pattern Analysis: A clear head and shoulder neck line breakout at 115.00, which indicates stock upside, is a confirmation of a trend in that direction with good volume support. Technical Analysis: On weekly chart KTK Bank has been trading above medium term moving average (65 DMA) at 112 levels, which indicates positive sentiment in short term trading and strong buying pressure above support zone around Rs.116, we expect the momentum to continue till 135-140 on the upside targets. And any genuine correction should see in stock price around supports at 116, which should be used as a buying opportunity for the potential target 138.00. We recommended the stock at market and in the range 118-116, with stop loss below at 112(on closing basis) for a target of Rs. 138.00.

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

Saturday, June 11, 2011

-7Automobiles & Auto Ancillaries
Steel Strips Wheels is in talks to raise INR 700 mn through a stake sale to two foreign investors this fiscal and expects to close at least one deal in six months.

Sector & Company Highlights

Capital Goods & Infrastructure

Man Infra construction has bagged orders worth INR 1.51 bn. Positive, as it improves the revenue visibility of the company. ARSS Infrastructure Projects has bagged an order worth INR 2.075 bn. Positive, as it improves the revenue visibility of the company Ramky Infrastructure has bagged work orders worth INR 5.82 bn covering industrial, water and waste water and building verticals from different parts of the country. Positive, as it improves the revenue visibility of the company BEML has bagged an order for USD 11 mn from Myanmar for supply of a fleet of dump trucks, used for transporting loose materials, spares, supplies. Shipment of trucks is expected to commence from Q3FY12. The company is focusing on African and Chinese markets for mining and construction equipments during current fiscal. Positive strategically, as presence in alternate geography will de-risk its business model from the risk of dependency in a particular region. Unity Infraprojects bagged an order worth INR 997.4 mn in Madhya Pradesh. The company is also looking to raise INR 1 - 1.5 bn to retire its high cost debt. Neutral, given the size of order and raising of low cost debt fund is just planned.

Cement
Ambuja Cements has bought an 85% stake in Nepals Dang Cement Industries for about INR 191 mn and company is also in the process of buying an additional 5% in Dang, which holds limestone mining lease in Nepal, for INR 11.3 mn. Neutral

Information Technology
Infosys Ltd. will explore business opportunities in the government outsourcing market in the UK as the company seeks to increase its share of revenue from public sector departments looking to cut costs. The company has also acquired Gen-I, the corporate information communication technology arm of Telecom New Zealand. HCL Infosystems Ltd. is under the scanner of the CBI for its alleged role in charging an exorbitant fee of nearly INR 5.7 bn for its broadcast network technology to MTNL Ltd. during the Commonwealth Games, although the initial estimate for the same was only around INR 314.3 mn. HCL Technologies Ltd. may strengthen its presence in the financial services sector by buying out Oracle Financial Services services arm.

Metals & Mining

Coal India, the only supplier of the scarce mineral to steel and power industries, has tweaked a clause in its fuel supply agreements to escape penalty even while supplying only half of the contracted amount to end users. As against the earlier penalty trigger point of 90%, the state-owned fuel supplier now has to ensure only 50% supplies to evade damages citing shortage and lower production due to stringent environmental norms. Hindustan Copper may not sell new shares in a planned follow-on public offer as soaring copper prices have left the company with strong cash reserves and no immediate need to raise funds.

Oil & Gas

Indraprastha Gas Ltd (IGL), a JV of state-run GAIL India and BPCL, hiked compressed natural gas (CNG) by Rs 0.50 per kg, the second hike in rates in as many months. Neutral, given the quantum of hike which is off-set by higher input cost.

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

10

Saturday, June 11, 2011 Mutual Fund Insights

Scheme Update
Deutsche Mutual Fund has announced that the face value of institutional plan under DWS Treasury Fund - Cash Plan, an open ended debt fund will be changed from Rs 10 to Rs 100 with effect from July 4, 2011. The unit holding of the existing investors as of that date will be adjusted accordingly and the same will not have any impact on the value of investment. Mutual Funds (MFs) made investments worth Rs 312.70 crore and sold off Rs 285.60 crore worth of equities on June 07, 2011, according to data released by the Securities and Exchange Board of India (SEBI). Thus, MFs stood as net buyers of Rs 27.10 crore in equities on that day. In the month of June, MFs have made total investments of Rs 1797.60 crore and sold off Rs 1991.60 crore worth of equities, so far. ING Mutual Fund has announced revision of fundamental attributes of ING Liquid Fund. The nature of the scheme is being changed from an open ended liquid income scheme to an open ended liquid scheme. The investment objective of the scheme is to generate reasonable returns while providing a high level of liquidity and low risk by investing in money market securities. All the existing investors of this scheme as on 30th May 2011 would be provided an exit option without charging an exit load from 6th June 2011 to 5th July 2011. The change will be effective from 6th July 2011.
-10 -5
Debt

MFTrading Activity ( In Billions)

9-Jun 8-Jun 7-Jun 6-Jun

0 5 10
Debt

15

20
Equity

25

30

35

FII Trading Activity ( In Billions)

10-Jun 9-Jun 8-Jun 7-Jun 6-Jun

0
Equity

10

Source: Accord Fintech

Weekly Activity
Date Mutual Fund Activity 9-Jun-11 8-Jun-11 7-Jun-11 6-Jun-11 FII Activity 10-Jun-11 9-Jun-11 8-Jun-11 7-Jun-11 6-Jun-11
Source: Accord Fintech

Equity (INR in Bn) Purchase 2.74 2.79 3.13 4.71 Sales 2.29 2.57 2.86 2.95 Net Purchase /Sales 0.45 0.22 0.27 1.75 Purchase 36.61 50.90 36.39 38.97

Debt (INR in Bn) Sales 17.00 20.86 27.64 24.38 Net Purchase /Sales 19.62 30.04 8.75 14.59

18.40 19.05 20.13 15.73 19.83

16.94 17.31 19.76 19.96 14.45

1.46 1.75 0.36 -4.23 5.38

6.45 8.27 13.92 3.75 20.36

11.34 8.50 5.49 12.01 12.08

-4.89 -0.23 8.43 -8.26 8.28

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11

Saturday, June 11, 2011

New Fund Offers
Fund Opens Closes Structure Fund Manager portfolio Investment Objective To generate regular returns by investing in a ICICI Pru FMP-57-1YB(G) 6-Jun 13-Jun Close ended Mr. Chaitanya Pande of fixed income securities/debt Crisil Short-Term instruments maturing on or before the maturity Bond Fund Index of the Plan under the Scheme. To generate returns through investments in debt and money market instruments with a view to Kotak FMP 50(G) 7-Jun 13-Jun Close ended Mr. Deepak Agrawal / Mr. Abhishek Bisen significantly reduce the interest rate risk. The Crisil Short-Term Scheme will invest in debt and money market Bond Fund Index securities, maturing on or before maturity of the scheme. To generate regular income through investments in Debt and Money Market Instruments. In accordance with SEBI Circular No SEBI/IMD/ IDBI FMP-90D-I(June 11)-C(G) 10-Jun 13-Jun Close ended Mr. Gautam Kaul CIR No. 12/147132/08 dated December 11, 2008; each Plan shall invest only in such securities which mature on or before the maturity date of the respective plan. To generate returns and capital appreciation by investing in a portfolio of debt and money DSPBR FMP 12M-22(G) 10-Jun 14-Jun Close ended Mr. Dhawal Dalal market securities. The Scheme will invest only in such securities which mature on or before the date of maturity of the Schemes.. To seek capital appreciation by investing in a portfolio of debt and money market securities. The Scheme will invest only in such securities DSPBR FMP 3M-38(G) 10-Jun 14-Jun Close ended Mr. Dhawal Dalal which mature on or before the date of maturity of the Schemes. The Schemes may also use fixed income derivatives for hedging and portfolio balancing. To generate income through investments in Debt HDFC FMP-XVIII370D-June 2011(2)-(G) 10-Jun 14-Jun Close ended Mr. Bharat Pareek / / Money Market Instruments and Government Crisil Short-Term Mr. Miten Lathia Securities maturing on or before the maturity Bond Fund Index date of the respective Plan(s). To L&T FMP - III (June 366D)-A(G) 3-Jun 14-Jun Close ended Mr. Bekxy Kuriakose achieve growth of capital through investments made in a basket of debt/ fixed Crisil Short-Term income securities maturing on or before the Bond Fund Index maturity of the Scheme. To generate income by investing in a portfolio of Religare FMP-VIII-B13M(G) 9-Jun 14-Jun Close ended Mr. Nitish Sikand debt and money market instruments maturing on or before the date of maturity of the Scheme. Crisil Short-Term Bond Fund Index Crisil Liquid Fund Index Crisil Short-Term Bond Fund Index Crisil Liquid Fund Index Benchmark

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12

Saturday, June 11, 2011

Fund Opens Closes Structure Fund Manager Investment Objective To generate income with minimum volatility Taurus FMP-G(G) 9-Jun 14-Jun Close ended Mr. Rahul Pal / Mr. through investments in a portfolio of debt and Crisil Short-Term Pankaj Jain money market instruments maturing on or Bond Fund Index before the maturity of the Scheme. To generate income through investments in Debt HDFC FMP-XVIII370D-June 2011(1)-(G) 10-Jun 15-Jun Close ended Mr. Bharat Pareek / / Money Market Instruments and Government Crisil Short-Term Mr. Miten Lathia Securities maturing on or before the maturity Bond Fund Index date of the respective Plan(s). To generate regular returns by investing in a ICICI Pru FMP-55-1YH(G) 8-Jun 15-Jun Close ended Mr. Chaitanya Pande portfolio of fixed income securities/ debt Crisil Short-Term Benchmark

instruments maturing on or before the date of Bond Fund Index maturity of the Plan under the Scheme. To generate regular income through investments in Debt and Money Market Instruments. In accordance with SEBI Circular No SEBI/IMD/

IDBI FMP-395DI(June 11)-C(G)

6-Jun

16-Jun

Close ended

Mr. Gautam Kaul CIR No. 12/147132/08 dated December 11, 2008; each Plan shall invest only in such securities which mature on or before the maturity date of the respective plan. To generate returns through investments in debt and money market instruments with a view to Mr. Deepak Agrawal Mr. Abhishek Bisen

Crisil Short-Term Bond Fund Index

Kotak FMP 51(G)

10-Jun

16-Jun

Close ended

significantly reduce the interest rate risk. The Crisil Short-Term Scheme will invest in debt and money market Bond Fund Index securities, maturing on or before maturity of the scheme. To seek to protect capital by investing a portion of the portfolio in good quality debt securities &

ICICI Pru CPO-I(G)

3-Jun

17-Jun

Close ended

Mr. Mrinal Singh / money market instruments and also to provide Crisil MIP Blended capital appreciation by investing the balance in Mr. Chaitanya Index Pande equity and equity related securities. The securities would mature on or before the maturity of the Plan under the scheme. To generate regular income by investing in debt

DWS FTF-84(G)

6-Jun

20-Jun

Close ended

Mr. Kumaresh Ramakrishnan

and money market instruments maturing on or before the date of the maturity of the Scheme.

Crisil Short-Term Bond Fund Index

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Saturday, June 11, 2011

Fund Opens Closes Structure Fund Manager Investment Objective
To generate regular income through investments in Debt and Money Market Instruments. In accordance with SEBI Circular No SEBI/IMD/ IDBI FMP-367DI(June 11)-E(G) 6-Jun 20-Jun Close ended Mr. Gautam Kaul CIR No. 12/147132/08 dated December 11, 2008, each Plan shall invest only in such securities which mature on or before the maturity date of the respective plan. To generate returns and reduce interest rate Reliance Dual Advant FTF-1-L(G) Close ended Mr. Shailesh Raj Bhan / Mr. Anju Chhajer volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure. To provide long term capital growth by investing predominantly in JPMorgan Funds - JF ASEAN JPMorgan JF ASEAN Equity Off-shore Fund (G) 10-Jun 24-Jun Close ended Mr. Namdev Chougule Equity Fund, an equity fund which invests MSCI South East primarily in companies of countries which are members of the Association of South East Asian Nations (ASEAN).
Source: Accord Fintech

Benchmark

Crisil Short-Term Bond Fund Index

10-Jun

24-Jun

Crisil MIP Blended Index

Asia Index

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Saturday, June 11, 2011

NAV Scheme Name ICICI Pru Dynamic(G) Fidelity Equity(G) ICICI Pru Discovery(G) Category: Largecap Franklin India Bluechip(G) Principal Large Cap(G) DSPBR Top 100 Equity-Reg(G) Category: Monthly Income Plans Birla SL MIP(G) ICICI Pru Child Care Plan-Study Plan Tata MIP Plus(G) Category: Balanced Funds Birla SL '95(G) DSPBR Balanced(G) Tata Balanced(G) 309.41 65.62 82.71 0.17 -0.07 0.03 0.34 0.17 0.56 10.63 8.89 8.42 23.40 16.90 16.67 0.51 0.57 0.67 0.03 0.02 0.02 2.31 2.10 2.34 26.66 29.77 16.05 0.18 0.17 0.33 0.44 0.99 0.65 6.26 8.29 4.07 9.73 11.80 6.76 0.14 0.15 0.32 0.00 0.01 0.00 2.09 1.50 2.00 212.41 28.01 99.09 -0.33 -0.14 -0.44 -0.33 -0.28 -0.14 11.30 5.06 8.97 25.13 20.27 32.01 0.78 0.82 0.78 0.02 -0.01 0.01 1.83 2.27 1.86 (11 Jun 11) 106.82 34.94 48.86 Absolute Return (In %) 1 Week -0.40 -0.10 -0.59 1 Month -0.39 0.36 -0.04 1 Year 10.31 9.70 9.50 CAGR (In %) Since Inception 31.65 22.88 26.19 BETA 0.63 0.80 0.67 ALPHA 0.01 0.01 0.01 Expense Ratio 1.84 1.85 1.92

Weekly Recommendations (Debt) NAV Scheme Name Category: Floating Rate Birla SL FRF-LT(G) Reliance FRF ST(G) LICMF FRF-STP(G) Category: Income - Long term Birla SL Dynamic Bond-Ret(G) ICICI Pru Income-Reg(G) DSPBR Govt. Sec(G) Category: Income - Short term Kotak Bond-STP(G) Templeton India ST Income(G) UTI ST Income(G) Category:Ultra Short Term Fund Templeton India Ultra-ST-Ret(G) Kotak Floater-ST(G) Tata Floater(G) Category: Liquid Templeton India TMA-Reg(G) SBI Magnum InstaCash-Cash(G) Tata Liquid-RIP(G)
Source: Accord Fintech

(11 Jun 11) 17.11 15.94 16.24 16.58 31.23 33.35 18.78 1987.19 17.02 12.72 16.31 14.92 2441.52 22.12 2277.78

Average Modified Expense YTM Maturity In Duration in Ratio 1 Week 1 Month 1 Year Since Inception Days Days Absolute Return (In %) CAGR (In %) 0.17 0.21 0.15 0.23 0.30 0.26 0.24 0.27 0.40 0.16 0.16 0.17 0.15 0.16 0.16 0.75 0.67 0.59 0.64 0.38 0.89 0.74 0.75 0.71 0.72 0.73 0.75 0.69 0.71 0.71 7.38 6.73 6.29 5.75 2.99 2.07 4.17 6.12 7.03 7.39 7.30 7.61 6.86 7.23 6.87 6.93 10.02 5.94 6.96 0.00 0.00 21.90 178.85 9.84 547.50 1324.95 1642.50 211.70 445.30 635.10 29.20 25.55 20.52 36.50 18.25 16.44 21.90 164.25 9.36 529.25 949.00 1076.75 193.45 357.70 0.00 29.20 25.55 0.00 32.85 18.25 0.00 0.14 0.80 0.64 0.79 2.11 1.25 0.89 1.30 0.59 0.65 0.57 0.25 0.85 0.35 0.65

7.85 10.25 9.17 10.84 7.16 6.90 7.15 6.38 7.19 7.04 6.80 6.65 9.14 0.00 9.80 0.00 8.81 9.10 8.65 8.73 7.98 8.88

7.61 10.74

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Saturday, June 11, 2011

Dividend Declaration
Scheme Name Birla SL Gilt Plus-Liquid(QD) Birla SL Gilt Plus-PF(QD) Birla SL Gilt Plus-Reg(QD) Birla SL ST FMP-12(D) Birla SL ST Oppor-Ret(D) ICICI Pru FMP-52-1Y-B(D) ING Dividend Yield(D) LIC Nomura MF Floater MIP(AD) LIC Nomura MF Floater MIP(QD) LIC Nomura MF MIP(AD) Religare Active Inc-A(QD) Religare Medium Term Bond Fund(QD)
Source: Accord Fintech

Category Debt Debt Debt Debt Debt Debt Equity Hybrid Hybrid Hybrid Debt Debt

Record Date 15-Jun-11 15-Jun-11 15-Jun-11 14-Jun-11 15-Jun-11 15-Jun-11 13-Jun-11 14-Jun-11 14-Jun-11 14-Jun-11 15-Jun-11 15-Jun-11

Gross 1.31 0.71 1.58 2.23 1.31 6.88 30.00 6.50 2.50 3.50 1.71 1.45

Corporate 1.31 0.71 1.58 2.23 1.31 6.88 30.00 6.50 2.50 3.50 1.71 1.45

Non-Corporate 1.31 0.71 1.58 2.23 1.31 6.88 30.00 6.50 2.50 3.50 1.71 1.45

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Saturday, June 11, 2011

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