Saturday, May 21, 2011

Headlines
(Global Economy) Japan's economy shrank 3.7% in the first quarter of 2011.

(Indian Economy) Food inflation slipped to 7.47% for the week ended May 7.

(Economic Calendar)

(Global and Domestic Stock Markets)

(Derivative Analysis) Nifty May Futures closed at 5484.60

(Technical Analysis) Nifty Support levels are at 5400-5350

(Weekly Recommendations) HDFC Bank And SRTRANSFIN

(Sector & Company Highlights)

(MF Industry update)

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 Saturday, May 21, 2011

Global Economy
Housing starts in the US fell 11% to 523,000 as flooding and tornadoes
in the South shut down construction sites and homebuilders
continued to struggle almost two years into an economic recovery.
However, new jobless claims declined by 29,000 to 409,000 in the
week ended May 14.
UK house prices increased 0.3% on average in April (MoM).
However, inflation accelerated 4.5% in April, more than economists
forecast. This rise was the fastest since October 2008 as low interest
rates have started to fuel inflation. Earlier in the week, the Bank of
England voted 6 – 3 to keep interest rate son hold again this month.
Japan’s economy shrank 3.7% (annualized) in the first quarter of
2011, following a revised 3% drop in the previous quarter as the
disruptions caused by the earthquake and tsunami disrupted
production and prompted consumers to cut back spending. Capital
investment dropped 0.9% while consumer spending fell 0.6% in the
January – March quarter compared to the previous quarter.
Hong Kong’s economy expanded 7.2%, more than forecast, in the
first quarter from a year earlier, compared with a revised 6.4% gain
in the fourth quarter, as the government wrestled with accelerating
inflation and threat of a property bubble.
Investment spending in emerging markets is outpacing expenditures
in developed economies for the first time, as a surge in
infrastructure supports global growth. The biggest investment boom
of recent decades will help boost expansion worldwide about 4%
this year and next, compared with a long – run average of just
below 3%. International Monetary Fund data show investment will
top 24% of global gross domestic product in 2012, the most in more
than two decades, and then rise above 25%, the highest since records
began 30 years ago.

Global Economic Indicators (As on May 19, 2011)

Economic Indicators (%) US EU Japan UK China Brazil Russia

GDP +2.3 +2.5 -1.0 +1.8 +9.7 +5.0 +4.1

Industrial Production +5.0 +5.3 -12.9 +0.7 +13.4 -2.1 +5.3
Consumer Price Index +3.2 +2.8 0.0 +4.0 +5.3 +6.5 +9.6
Unemployment Rate 9.0 9.9 4.6 4.6 6.1 6.5 7.1
Current Account Balance % of GDP -3.6 -0.3 +2.7 -2.0 +3.3 -2.8 +5.6
Trade Balance -668.1 -22.9 +84.4 -151.6 +179 +23.1 +154.4
Source: Economist

Commodities and Currencies

Gold futures rose the most this month after Fitch Ratings cut
Greece’s credit rating, boosting the appeal of the precious metal
as a haven asset. Gold futures for June delivery settled at USD
1,508 an ounce on the Comex division. The price, up 1% this week,
has climbed 6.2% this year. The euro dropped to a seven-week low
versus the dollar as Greece moved closer to defaulting on its obli-
gations, bolstering concern the region’s sovereign-debt crisis is
worsening. Europe’s currency closed at USD 1.4161.

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 Saturday, May 21, 2011

Indian Economy
The government plans to carry out an economic census next year to
assess the impact of economic reforms on various industries and
to formulate policies better. The census would involve collection of
data from entrepreneurial units in the country. Data on sectoral
activity of the unit, number of workers, social group of the owner,
female owned enterprise among others would be collected for micro
level planning and policy formulations with respect to various
economic activities.
According to PM’s economic advisory panel if the monsoon is normal,
then food inflation will come down. However, fuel prices could go
up. Allowing for some increase in fuel prices, inflation could come
down to 6.5% by the end of this fiscal.
Enthused by a good tax collection in 2010 – 11 fiscal, India’s Central
Board of Direct Taxes has fixed its collection target for 2011 – 12 at
INR.5.3 tn. In 2010 – 11, it has achieved the budget target of INR.4.46
tn against the original budget target of INR.4.3 tn. In 2010 – 11, it has
made around 85 lakh refunds, amounting to nearly INR 74 bn.
The new Consumer Price Index introduced earlier this year stood
at 106 points in April, the same level as March & against the base
of 100 in 2010, the exact inflation figures would only be released
from next year. The general indices for rural and urban consumers
stood at 108 and 105 points, respectively, in April. Continuing on its
downward trajectory, food inflation in the country slipped further
to 7.47% for the week ended May 7 on the back of cheaper pulses,
vegetables and wheat. The latest numbers are likely to bring cheer
to the government which has termed inflation control as one of the
major items on its agenda. During the week under review, pulses
became cheaper by 8.87% (YoY), while prices of vegetables were
down by 3.61%. Overall, primary articles reported 10.94% inflation.
Meanwhile, non-food primary articles were up 23.82% during the
week under review.

Indian Debt Markets

Indian federal bond yields rose on back of the central bank chief’s direction. The yield on the 10-year benchmark bond was at 8.35%.
comments which stoked concerns over larger market borrowing, The benchmark five-year swap rate was steady at 8.22% while the
but the results of the USD 2.7 bn sale were awaited for immediate one-year rate was also flat at 8.11%.

Indian Currency Movement

Rupee declined for a third week on speculation that importers will mance among Asia’s 10 most-used exchange rates, as a key gauge
step up dollar purchases to settle month-end bills. The currency tracking the greenback’s strength rose the most in a week. The
extended its losses this month to 1.7%, the second worst perfor- partially convertible rupee ended at 45.01 per dollar.

Headline Inflation by WPI (%) (Apr’11) INR Exchange Rate (As on May 20, 2011)
Annualized Rate Annualized Rate Change Change
Current 1 Week 1 Year
(current) (last month) Weekly annual
Headline Inflation USD 44.93 44.79 0.31% 44.99 -0.13%
8.66 8.98
(WPI) GBP 72.92 73.19 -0.37% 66.91 8.98%
Internals Euro 64.34 63.59 1.17% 56.98 12.92%
Yen 54.99 54.18 1.47% 48.18 14.13%
Primary Products 12.05 12.96
Debt Market Yields (%)
Fuel Power and
13.32 12.92 10 year Gilt 8.34
Lubricants
Manufactured 1 Year Gilt 8.09
6.18 6.21 Source: CCIL
Goods
Source: CCIL

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1700 Gold / Silver (Spot) 55 120 Crude Oil 400

(Million Barrels)
1600 50 390
110
1500 45
380

370
1400 40 100

Silver ($/OZ)
Gold ($/OZ)

Price (USD)
360
1300 35

Inventory
90 350
1200 30
340
1100 25 80
330
1000 20
320
70
900 15 310

800 10 60 300
May-10 Jul-10 Aug-10 Sep-10 Nov-10 Dec-10 Jan-11 Mar-11 Apr-11 May-10 Jul-10 Aug-10 Sep-10 Nov-10 Dec-10 Jan-11 Mar-11 Apr-11
Silver Gold Inventory Crude Oil

1.55 Currencies 1.8 0.013 Currencies 1.15

1.5 1.75 1.1

0.0125
1.45 1.05
1.7
0.012
1.4 1
1.65
USD / JPY

USD / AUD
0.0115
USD / EUR

0.95
1.35
USD / GBP

1.6 0.9
1.3 0.011

1.55 0.85
1.25 0.0105
0.8
1.5
1.2 0.01
0.75
1.15 1.45
0.0095 0.7
1.1 1.4 May-10 Jul-10 Aug-10 Sep-10 Nov-10 Dec-10 Jan-11 Mar-11 Apr-11

May-10 Jul-10 Aug-10 Sep-10 Nov-10 Dec-10 Jan-11 Mar-11 Apr-11 USD / JPY USD / AUD

USD / EUR USD / GBP

Economic Calendar
India US
Date Event Period Prior Date Event Period Prior
26-May Food Articles WPI YoY 14-May 7.47% 24-May New Home Sales APR 300K
26-May Fuel Power Light WPI YoY 14-May 12.11% 25-May House Price Index MoM MAR -1.6%
26-May Primary Articles WPI YoY 14-May 10.94% 25-May House Price Purchase Index 1Q -0.8%
26-May GDP QoQ (Annualized) 1Q S 1.8%
26-May GDP Price Index 1Q S 1.9%
26-May Initial Jobless Claims 21-May 409K
26-May Continuing Claims 14-May 3711K
27-May Personal Income APR 0.5%
27-May Personal Spending APR 0.6%
27-May U. of Michigan Confidence MAY F 72.4
27-May Pending Home Sales (YoY) APR -11.5%

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 Saturday, May 21, 2011

Key Indices Global Global and Domestic Stock Markets

% Change
Close Global
(week)
Global markets traded rangebound mostly with negative bias as concerns
Dow Jones 12,605.30 0.1%
over Greece debt crisis emerged in Europezone. Dow Jones, Nasdaq, S&P 500
NASDAQ 2,823.30 -0.2%
ended flat. European markets also ended flat to negative on weak global cues.
S&P 500 1,343.60 0.4%
Among the Asian markets, Hangseng and Nikkei ended negative. In the
FTSE 5,958.60 0.6% commodities market, NYMEX Crude traded near the $97 levels and Gold traded
DAX 7,304.70 -1.3% near the $1506 in the week. US Data to watch next week: New Home Sales,
Hang Seng 23,199.40 -0.3% Durable Goods Orders, House Price Index, GDP Price Index, Personal

Nikkei-225 9,607.10 -0.4% Consumption, Initial Jobless Claims, Personal Spending, Personal Income.

Key Indices (Indian)

% Change Domestic Performance of Sectoral Indices
Indices Close
(week) The Indian bourses ended negative with high volatility in the week. BSE Midcap
BSE SENSEX 18,326.10 -1.1% and Smallcap lost 2.1% and 2.2% respectively. Among the BSE sectoral indices,

NSE NIFTY 5,486.40 -1.1% IT (+0.4%) gained marginally, while Bankex (-3.4%), Metals (-1.8%), Auto (-1.2%)
ended negative. On the BSE100 index, LT gained 8.1% in the week after
BSE MIDCAP 6,756.40 -2.1%
announcement of good results. Mundraport also gained 7.1%.ON the losing
BSE SMALL CAP 8,185.20 -2.2%
front were SBI and ONGC. SBI lost due to poor quarterly numbers while ONGC
Sectoral Indices
faces subsidy burden in the coming quarters. DII activity was muted during
BSE AUTO 9,113.10 -1.2% the week, while FIIs continued heavy selling in cash as well as future market.
BSE METALS 15,121.10 -1.8% Data to watch next week: Food Articles WPI YoY, Fuel Power Light WPI YoY,
BSE BANKEX 12,158.60 -3.4% Primary Articles WPI YoY.

BSE IT 6,063.80 0.4%

Weekly Gainers (BSE 100) Outlook
Some good and bad results weighed on the domestic markets in the previous
LT 1651.9 8.1%
week. SBI lost heavily due to poor numbers, while LT posted good numbers.
Mundraport 147.55 7.1%
Volumes remained on the higher side in derivatives markets as most activity
Weekly Losers (BSE 100)
was seen in Banking counters. Some pullback rally was expected and was seen
SBI 2322.05 -12.3% on Friday’s session. The rally is unlikely to sustain during the expiry week. For
ONGC 274.05 -10.1% the May expiry, Nifty is likely to touch 5350-5200 zone due to selling by FIIs.
Weekly Turnover (in INR Bn) Trend remains bearish as FIIs have been continuously selling Index futures

BSE 127.3 and stock futures over the last few weeks. Results to watch in the coming week:
GAIL, BHEL, KFA, Tata Global, DLF, Hindpetro, Tata Motors, GSPL, Tech
NSE CASH 492.4
Mahindra.
NSE F&O 4442.5
Institutional Activity in INR Bn (Weekly)

Institutions Net Inflow

FII -10.4

DIIs -0.1

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Derivative Analysis Market Snapshot

Call Option
OI Analysis
Put Option • Nifty May Futures closed at 5484.60 (Premium of 0.15 points over the Nifty
11,000,000
spot)
9,000,000 • Open interest Nifty FUTIDX (Expiry 26 May): 24.55 mn.
• Open interest BankNifty FUTIDX (Expiry 26 May): 1.76 mn.
7,000,000
• India VIX for the week ended at 19.45, down 1.18 from previous week’s
OI

5,000,000
close (20.63). In the week VIX touched low of 18.42 and high of 21.97.
3,000,000

Weekly Open Interest Analysis (Nifty Option)

1,000,000
Across all expiries, open interest is highest at the 5800, 6000, 5900 call options,
5300

5400

5500

5600

5800

6000

6100

6200
5200

5700

5900

(1,000,000) while open interest in the put options is highest at 5400, 5500, 5300 strike
Strike
prices, suggesting 5300-6000 to be the trading zone for Nifty index in short
Call Option
Change in OI

4,000,000
Put Option
term.

3,000,000

Sector Wise OI Change:

2,000,000

Bank, Oil&Gas, Pharma, Power sectors gained OI during the week.

OI-Change

1,000,000

0
5200

5300

5400

5500

5700

6000

6100
5600

5800

5900

6200

(1,000,000)
Top 5 Price Gainers

(2,000,000)
SCRIPS % Change - Price %Change - Volume % Change
Strike
Cash Future Cash Future in OI
LT 8.10% 7.88% 206.01% 150.49% -5.14%
Cement SRTRANSFIN 7.27% 7.05% 45.73% 99.50% 39.26%
CapitalGoods
PANTALOONR 7.35% 6.90% -17.18% 446.37% 5.58%
IT

Pharma
MUNDRAPORT 7.05% 6.82% 41.86% -4.17% 2.26%
Sec tors

Auto ASIANPAINT 5.11% 5.02% -4.09% 118.67% 81.06%

Metal&Mining

Oil&Gas Top 5 Price Losers

Realty
SCRIPS % Change - Price %Change - Volume % Change
Bank

Power
Cash Future Cash Future in OI
PATNI -12.13% -12.73% 475.73% 245.31% 30.13%
50%

150%

250%
-100%

-50%

0%

100%

200%

300%

% Change in OI BALRAMCHIN -11.62% -12.46% -83.21% -60.04% -2.35%

DCHL -12.35% -11.92% 58.06% -43.42% -2.14%
Nifty PC Ratio
0.9 SBIN -12.42% -11.56% 103.00% -10.00% 71.70%
0.88 RELMEDIA -10.90% -11.16% 56.91% -25.24% -12.43%
0.86
0.84 Top 10 Volume Gainers
0.82
SCRIPS % Change in F&O % Change Volumes
PCR

0.8
0.78 Price Open Interest (Delivery Based)
0.76
GTL -0.79% 3.62% 2431.98%
0.74
0.72 COREPROTEC -0.83% 11.19% 1473.78%
0.7 DIVISLAB 2.98% 58.64% 1374.82%
17-May

18-May
16-May

19-May

20-May

VIDEOIND -3.45% 0.15% 1163.78%

Date
OIL -5.73% 69.70% 944.74%
GTLINFRA -2.14% 2.02% 770.57%
MRPL -0.54% 2.98% 676.11%
CONCOR -4.55% 4.55% 572.70%
VOLTAS -2.00% 14.22% 514.83%
PANTALOONR 7.35% 5.58% 446.37%

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Technical Analysis

(Source: Iris)

Conclusion
Last week Nifty shut on a negative note @ 5486.35, down by 59 points from the previous week's close. Technically Nifty on weekly chart
has formed hammer candle stick pattern, which shows sideways to positive sentiment in coming sessions. Nifty spot on weekly has
opened high at 5542 and made a low of 5401 and 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 (5600) indicates the
short term trend could be turning sideways. Stochastics trending lower at midrange will tend to reinforce a move higher especially if
support levels are taken out. The market setup is somewhat sideways trend with trading range between 5400-5600. The next area of
resistance is around 5600-5675. 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 5395 is advisable.
Weekly Nifty has resistance at 5600-5675 and supports at 5400-5350.
Weekly Bank Nifty has resistance at 10865-11000 and supports at 10400-10180.

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Weekly Recommendations

HDFC BANK LTD

LTP 2315.00
View: Positive
Oscillators Analysis: Stochastics and RSI are positive crossover and are in oversold territory on daily chart reading, which indicate
positive sentiment in stock momentum with good volume support.
Pattern Analysis: A clear price breakout above 2280, which is multiple resistance zone on daily chart, which indicates stock may upside till
resistance level, is a confirmation of a trend in that direction.
Technical Analysis:
HDFC Bank has bullish engulfing candle stick on daily chart with good volume support. Stock has 200 Day moving average support at 2255
levels. Daily 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 2260 on daily chart basis. The next area of resistance is around 2400, while 1st
support hits at 2285 and below there at 2265. It is also heading towards resistance zone at 2400.00.
We recommended the stock around 2285-2270 with stop loss at 2220 (closing basis) for a target of Rs. 2400.

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 Saturday, May 21, 2011

Shriram Transport Finance Company Ltd.

LTP 686.00
View: Positive
Oscillators Analysis: MACD 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 bullish flag channel pattern and supports are at 630-650 levels, flag resistance and breakout at 800, which
indicates stock upside is a confirmation of a trend in that direction with volume support.
Technical Analysis:
On weekly chart SRTRANSFIN has been trading above medium term moving average (100 WMA) at 610 levels, which indicates positive
sentiment in short term trading and strong buying pressure above support zone around Rs.645, we expect the momentum to continue
till 800 on the upside (resistance zone). And any genuine correction should see in stock price around supports at 650, which should be
used as a buying opportunity for the potential target 800.00.
We recommended the stock initially at 662 and declines till 640, with stop loss below at 600.00(on closing basis) for a target of Rs. 800.00.

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-7- Sector & Company Highlights

Oil & Gas

• OVL entered into a Memorandum of Understanding (MOU) with Uzbekneftegaz (UNG), the national oil company of Uzbekistan for
joint cooperation in the upstream E&P sector of Uzbekistan as well as third countries. The MoU provides for the formation of Joint
Working Group consisting of experts from both the companies for identifying specific oil and gas fields in Uzbekistan and the areas
in third countries for E&P activities through joint cooperation.

Information Technology
• 3i Infotech Ltd. has sold its US-based Global Billing and Payments Unit to an affiliate of Cerberus Capital Management LLP for INR
6.17 bn (USD 137 mn).
• MphasiS Ltd. might have a difficult FY11 (Calendar Year November – October) as its US parent and largest shareholder Hewlett
Packard (HP) has cut its sales forecast for the full year ending October 2011. HP owns nearly 60.53% stake in MphasiS and is the
latter’s largest business client.
• Tata Consultancy Services Ltd. (TCS) will adopt IFRS accounting standard from the current fiscal (FY12).

Metals & Mining

• Fifteen Indian steel and mining companies, shortlisted by the Afghan government for grant of mining licences at Hajigak, are likely to
form two consortiums —led by SAIL and NMDC-- for bidding. Hajigak has an estimated 1.8 billion tonnes of high quality magnetite
with 62-63% iron (Fe) content.

• Coal India today overtakes ONGC in becoming the most valuable PSU of India in terms of market capitalisation (m-cap).
State-owned Coal India is in negotiations to pick 15 per cent stake in a joint venture with US-based coal firm Peabody Energy’s USD
600 million mining project in Australia. The US-based firm will have 85 per cent holding in the JVC, while the rest will be owned by the
Maharatna firm.

Capital Goods & Engineering

• Larsen & Toubro has received an order valued over INR 35bn from PPN Power Generating Co. Ltd., Chennai, Apollo Group, for
setting up a 3 x 360 MW gas based power plant. Company has also secured a contract worth INR 14.5bn from Gujarat State
Petroleum Corporation (GSPC). Positive, as it improves the revenue visibility of the company.
• IL&FS Engineering & Construction Company (IECC) has bagged a contract worth USD 100Mn from Prime Star Energy FZE (part of
the Emirates Trading Agency LLC group) for construction of a Storage Tank Terminal at Fujairah, UAE. The project is expected to be
completed within next two years. Positive, as it improves the revenue visibility and company’s maiden entry into O&G sector would
also help them to diversify and address the growing concerned market.
• Crompton Greaves (CG) has acquired Sweden-based Emotron Group for Euro 57.8Mn (~INR 3700Mn). This is the eighth acquisition
in a span of six years by the company. Positive as this acquisition shall enable the CG to become a global player capable of providing
comprehensive solutions in its industrial systems business. CG already has its operations based in Europe and offers variety of
motors and generators for industrial markets.

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Mutual Fund Insights

MFTrading Activity ( In Billions)
Scheme Update
Ø HDFC Mutual Fund has announced dividend under normal and quarterly dividend 19-May
options of HDFC FMP 14M March 2010 on the face value of Rs 10 per unit, The
18-May
record date for dividend has been fixed as May 25, 2011.

17-May
Ø UTI Mutual Fund has declared dividend under dividend option of UTI Fixed
16-May
Income Interval Fund Half Yearly Interval Plan I on the face value of Rs 10 per
unit, quantum of dividend will be 100% of distributable surplus as on the record -1000 -500 0 500 1000 1500
Debt Equity
date, record date for dividend has been fixed as May 25, 2011. The NAV for retail
FII Trading Activity ( In Billions)
option and institutional option stood at Rs 10.1343 per unit and Rs 10.1386 per unit
respectively as on 18, May 2011.
20-May
19-May
Ø Religare Mutual Fund has announced that units of Religare Fixed Maturity Plan -
18-May
Series VII - Plan C (369 Days) under Religare Fixed Maturity Plan - Series VII-
Plan A to F, a close ended scheme, will be listed and admitted to dealings on the 17-May
Capital market segment of Bombay Stock Exchange (BSE) with effect from 20, 16-May
May 2011. -4000 -3000 -2000 -1000 0 1000 2000
Debt Equity

Source: Accord Fintech

Weekly Activity
Equity (INR in Bn) Debt (INR in Bn)
Date
Purchase Sales Net Purchase /Sales Purchase Sales Net Purchase /Sales
Mutual Fund Activity
19-May-11 5.52 5.24 0.28 22.07 27.70 -5.63
18-May-11 3.79 5.09 -1.30 11.69 19.14 -7.45
17-May-11 2.79 9.11 -6.32 0.00 0.00 0.00
16-May-11 3.36 4.12 -0.76 37.11 23.43 13.69

FII Activity
20-May-11 21.12 21.19 -0.07 12.23 13.07 -0.83
19-May-11 24.58 27.18 -2.60 5.85 3.40 2.45
18-May-11 38.32 40.74 -2.42 25.60 15.83 9.77
16-May-11 23.01 60.07 -37.06 6.80 10.92 -4.12
Source: Accord Fintech

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New Fund Offers

Fund Opens Closes Structure Fund Manager Investment Objective Benchmark
To achieve long-term capital appreciation by
Open
Union KBC Equity Mr. Ashish
20-May 3-Jun ended investing substantially in a portfolio consisting of BSE-100
Fund(G) Ranawade
equity and equity related securities.
To generate returns by investing in a portfolio of
fixed income securities/ debt instruments. The

ICICI Pru Multiple Close Mr. Chaitanya secondary objective of the Scheme is to generate Crisil MIP Blended
20-May 31-May
Yield-A(G) ended Pande long term capital appreciation by investing a Index

portion of the Scheme’s assets in equity and

equity related instruments.
To seek capital appreciation linked to equity
market with downside protection at the end of
tenure. Fund expects to achieve down side
Mr. Satyabrata protection by investing in debt securities with
Close Crisil Balanced
Birla SL CPO-Sr 6 18-May 30-May Mohanty, Mr.Ajay tenure comparable with the tenure of the Plan,
ended Fund Index
Garg subject to the credit risk. Fund expects to achieve
the market-linked appreciation (upside) by
investing in premium of exchange traded
options.
To generate income through investments in Debt

Close / Money Market Instruments and Government Crisil Composite

IDFC FMP-200D-2(G) 19-May 23-May Mr. Anupam Joshi
ended Securities maturing on or before the maturity Bond Fund Index

date of the respective Plan(s).

To seek regular income, liquidity and returns to
the investors through investments in a portfolio

Close Mr. Rajeev comprising ofdebt instruments such as Crisil Short-Term

SBI DFS-370D-15(G) 19-May 24-May
ended Radhakrishnan Government Securities, PSU & Corporate Bonds Bond Fund Index
and Money Market Instruments maturing on or
before the maturity of the scheme.
To generate returns and reduce interest rate

Mr. Shailesh Raj volatility, through a portfolio of fixed income

Reliance Dual Advant Close Crisil MIP Blended
10-May 24-May Bhan, Mr. Anju securities that are maturing on or before the
FTF-1-K(G) ended Index
Chajjer maturity of the Scheme along with capital
appreciation through equity exposure.
To generate income by investing in a portfolio of
Religare FMP-VII-D- Close Crisil Liquid Fund
20-May 23-May Mr. Nitish Sikand debt and money market instruments maturing
92D(G) ended Index
on or before thedate of maturity of the Scheme.
To generate income by investing in a portfolio of
Close Mr. Kaustubh Crisil Short-Term
Birla SL FTP-DC(G) 20-May 30-May fixed income securities maturing on or before the
ended Gupta Bond Fund Index
duration of the scheme.
Source: Accord Fintech

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Weekly Recommendations (Equity & Hybrid)

NAV Absolute Return (In %) CAGR (In %) Expense
BETA ALPHA
Scheme Name (21 May 11) 1 Week 1 Month 1 Year Since Inception Ratio
ICICI Pru Dynamic(G) 106.25 -1.31 -3.51 13.29 31.81 0.64 0.01 1.84
Fidelity Equity(G) 34.69 -0.80 -5.25 12.21 22.98 0.80 0.01 1.85
ICICI Pru Discovery(G) 48.60 -1.76 -2.19 11.96 26.34 0.68 0.01 1.92
Category: Largecap
Franklin India Bluechip(G) 210.76 -1.25 -4.53 12.89 25.17 0.78 0.01 1.83
Principal Large Cap(G) 27.76 -1.70 -4.74 7.68 20.30 0.82 -0.01 2.27
DSPBR Top 100 Equity-Reg(G) 98.65 -0.61 -4.06 11.27 32.20 0.78 0.01 1.86
Category: Monthly Income Plans
Birla SL MIP(G) 26.56 0.04 -0.67 6.18 9.75 0.15 0.00 2.09
ICICI Pru Child Care Plan-Study Plan 29.52 -0.15 -0.64 8.78 11.78 0.11 0.01 1.50
Tata MIP Plus(G) 15.92 -0.36 -1.19 4.16 6.69 0.31 0.00 2.00
Category: Balanced Funds
Birla SL '95(G) 306.74 -0.67 -3.87 10.92 23.43 0.58 0.02 2.31
DSPBR Balanced(G) 65.12 -0.97 -3.46 8.69 16.91 0.65 0.01 2.10
Tata Balanced(G) 81.60 -1.38 -2.62 8.96 16.63 0.66 0.01 2.34

Weekly Recommendations (Debt)

NAV Absolute Return (In %) CAGR (In %) Average Modified Expense
YTM
Scheme Name (21 May 11) 1 Week 1 Month 1 Year Since Inception Maturity In Duration in Ratio
Category: Floating Rate Days Days
Birla SL FRF-LT(G) 17.03 0.17 0.70 7.15 6.91 8.87 51.10 51.10 0.14
Reliance FRF ST(G) 15.87 0.15 0.64 6.54 5.92 0.00 167.90 149.65 0.80
LICMF FRF-STP(G) 16.17 0.13 0.56 6.18 6.96 0.00 2.16 2.04 0.64
Category: Income - Long term
Birla SL Dynamic Bond-Ret(G) 16.51 0.17 0.41 5.49 7.85 9.30 547.50 547.50 0.79
ICICI Pru Income-Reg(G) 31.16 0.09 -0.14 2.89 9.19 9.14 1324.95 949.00 2.11
DSPBR Govt. Sec(G) 33.06 -0.12 -0.64 1.07 10.81 0.00 3766.80 2120.65 1.25
Category: Income - Short term
Kotak Bond-STP(G) 18.68 0.15 0.78 3.76 7.15 9.50 182.50 167.90 0.89
Templeton India ST Income(G) 1976.73 0.16 0.59 5.85 7.60 10.41 379.60 244.55 1.30
UTI ST Income(G) 16.93 0.12 0.85 6.80 6.89 0.00 635.10 0.00 0.59
Category:Ultra Short Term Fund
Templeton India Ultra-ST-Ret(G) 12.65 0.16 0.67 7.12 7.12 8.61 40.15 36.50 0.65
Kotak Floater-ST(G) 16.23 0.16 0.70 7.02 6.36 8.90 47.45 47.45 0.57
Tata Floater(G) 14.85 0.17 0.71 7.38 7.17 8.65 20.52 0.00 0.25
Category: Liquid
Templeton India TMA-Reg(G) 2429.99 0.15 0.65 6.59 7.03 8.23 40.15 36.50 0.85
SBI Magnum InstaCash-Cash(G) 22.02 0.16 0.67 7.03 6.79 7.98 18.25 18.25 0.30
Tata Liquid-RIP(G) 2266.98 0.16 0.67 6.63 6.64 8.88 16.44 0.00 0.65
Source: Accord Fintech

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 Saturday, May 21, 2011

Dividend Declaration
Scheme Name Category Record Date Gross Corporate Non-Corporate
AIG Qtrly Inv-I-Ret(D) Debt 23-May-11 1.77 1.77 1.77
ICICI Pru FMP-50-18M-A-Ret(D) Debt 23-May-11 9.82 9.82 9.82
ICICI Pru FMP-50-18M-B-Ret(D) Debt 23-May-11 10.31 10.31 10.31
Reliance Inv-Annual-I-Ret(D) Debt 23-May-11 6.50 6.50 6.50
Source: Accord Fintech

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