Saturday, July 23, 2011

Headlines
(Global Economy) (Indian Economy) (Economic Calendar) (Global and Domestic Stock Markets) (Derivative Analysis) (Technical Analysis) Nifty July Futures closed at 5545.55 Nifty Resistance levels are at 5690 5740 and Supports at 5570 5535 US Consumer Prices rose 0.3% in June Food inflation fell to a three-week low of 7.58% for the week ended July 9

(Weekly Recommendations) BHEL & HINDOILEXP (Sector & Company Highlights) (MF Industry update)

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

Saturday, July 23, 2011 Global Economy

US consumer prices excluding food and energy climbed 0.3% in June. An unexpected decline in consumer sentiment signaled that households are being squeezed by mounting unemployment, rising costs and a slumping housing market. Industrial production rose 0.2%, mines and utilities followed a revised 0.1% decrease the prior month. The data suggests slowing growth in the economy. Applications for jobless benefits increased by 10,000 in the week ended July 16 to 418,000. European banks may have to raise as much as EUR 80 bn of additional capital as the stress tests failed to allay investor concern about a Greek default and governments ability to bail out their lenders. The Bank of England kept the benchmark interest rate on hold this month as a majority of policy makers said recent developments meant there was less need for a near-term tightening. The current weakness in activity would persist for longer, together with the continued subdued behavior of earnings, reinforced the case that inflation was likely to fall back once the temporary impact of the factors pushing up on it had waned. Foreign direct investment in China rose 18.4% to USD 60.9 bn in the first six months from a year earlier. Inbound investment gained 2.8% in June from a year earlier to USD 12.86 bn. The International Monetary Fund said China should let the Yuan gain to boost demand and global economic stability, citing the risk that any growth shocks in the country will hurt the world. Currency appreciation combined with reforms to rebalance the Chinese economy would yield substantial benefits. China disputed the IMF assessment that the currency is substantially below the level consistent with medium-term fundamentals, citing reasons including faulty current-account projections.

Global Economic Indicators (As on July 21, 2011)

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

US

EU

Japan

UK

China

Brazil

Russia

+2.3 +3.4 +3.6 9.2 -3.3 -691.5

+2.5 +4.0 +2.7 9.9 -0.4 -28.0

-1.0 -5.9 +0.3 4.5 +2.4 +47.0

+1.6 -0.8 +4.2 7.7 -1.8 -155.8

+9.5 +15.1 +6.4 6.1 +3.6 +174.8

+4.2 +2.7 +6.7 6.2 -2.5 +25.3

+4.1 +5.7 +9.4 6.1 +4.9 +163.4

Commodities and Currencies

Gold for August delivery settled at USD 1601.5 per ounce, up 0.7% for the week on the Comex as concerns rose over a possible US debt default and a AAA credit rating downgrade. Crude Oil for September delivery settled at USD 99.87 a barrel on the NYMEX, up 2.7% this week The euro advanced 1.4% for the week to close at USD 1.4360 after Euro zone leaders agreed to a new bailout for Greece and expanded the role of the regions rescue fund.

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Saturday, July 23, 2011

Indian Economy
India's services exports stood at USD 11.83 bn in May, 2011, up almost 3.2% in comparison to April. The country's total receipts from services exported stood at USD 11.46 bn in April, 2011. Imports of services were also up 2.8% in May at USD 7.08 bn, compared to USD 6.88 bn in April. The new Consumer Price Index introduced earlier this year stood at 108.8 points in June, up from 107.1 points in May. In May, the overall CPI was 107.1 points, while the indices for rural and urban consumers were reported at 108.7 and 105.1 points, respectively. The new CPI is intended to reflect the actual movement of prices at the micro-level and help policymakers like the RBI in better framing of decisions. Rising inflationary pressure has forced Indian consumers to cut down spends during the second quarter of 2011, despite optimism about job prospects and the state of personal finances, according to a survey by the Nielsen Company. The consumer confidence level slipped by 5 points to 126 index points in the second quarter of 2011 from 131 points in the previous quarter. Amid a likely moderation in industrial output, the government lowered its GDP growth projection for 2011-12 to 8.6% from the earlier estimate of about 9%. While the Economic Survey had projected GDP expansion in FY'12 at 9%, the Reserve Bank later lowered it to 8%. Food inflation fell to a three-week low of 7.58% for the week ended July 9 on the back of cheaper pulse prices and a high base last year. Inflation of overall primary articles stood at 11.13% during the week under review, down from 11.58% in the previous week. Meanwhile, inflation of non-food articles was at 15.50% for the week ended July 9, compared to 15.20% in the previous week.

Indian Debt Markets

The yield on the benchmark 7.8% 2021 bond closed at 8.27%, a fall of 8 bps for the week. The 8.08% 2022 and the 8.13% 2022 bonds both closed at 8.37% each as risk aversion took a back seat with immediate concern on Greek debt default receding.

Indian Currency Movement

The partially convertible rupee closed 44.35 per dollar, up 0.4% for the week as foreign funds started buying equities after positive news from the Euro Zone over a new solution over the Greek debt crisis.

Headline Inflation b y WPI (June11) Annualized Rate (Current) Headline Inflation (W PI) Primary Produc ts Fuel Power and Lubric ants Manufac tured Goods
Source: CCIL

INR Exchange Rate (As on Jul y 22, 2011) Current USD GBP Euro Yen 44.38 72.34 63.87 56.45 1 Week Change Weekly 1 Year 46.80 72.08 60.37 53.66 8.42% 8.08% Change Annual -5.17% 0.36% 5.80% 5.20%

Annualized Rate (Last Month) 9.06%

9.44% Internals 12.22% 12.85% 7.43%

11.30% 12.32% 7.27%

44.53 -0.34% 71.91 0.60% 62.98 1.41% 55.86 1.06% Debt Market Yields

10 year Gilt 1 Year Gilt

Source: CCIL

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Saturday, July 23, 2011

Economic Calendar
India Date 26-Jul 26-Jul 26-Jul 28-Jul 28-Jul 28-Jul Event REPO Cutoff Yield Cash Reserve Ratio Reverse Repo Rate Food Articles WPI YoY Fuel Power Light WPI YoY Primary Articles WPI YoY Period 26-Jul 26-Jul 26-Jul 16-Jul 16-Jul 16-Jul Prior 7.5% 6.0% 6.5% 7.6% 11.9% 11.1% US Date 26-Jul 26-Jul 27-Jul 27-Jul 28-Jul 28-Jul 28-Jul 29-Jul Event Consumer Confidence New Home Sales MBA Mortgage Applications Fed's Beige Book Initial Jobless Claims Continuing Claims Pending Home Sales YoY GDP QoQ (Annualized) Period JUL JUN 22-Jul 23-Jul 16-Jul JUN 2Q A Prior 58.5 319K 15.5% 418K 3698K 15.5% 1.9%

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Saturday, July 23, 2011

Ke y Indices (Global) Close Dow Jones NASDAQ S&P 500 FTSE DAX Hang Seng Nik kei-225 12681.16 2858.83 1345.02 5935.02 7326.39 22444.8 10132.11 Ke y Indices (Indian) Indices BSE SENSEX NSE NIFTY BSE MIDCAP BSE SMALL CAP Close 18722.3 5633.95 7046.12 8463.49 % Change (Week) 0.86% 0.95% 0.56% 1.20% % Change (W eek ) 1.61% 2.47% 2.20% 1.56% 1.47% 2.60% 1.58%

Global and Domestic Stock Markets

Global
Global markets ended higher in the week. Concerns about the ongoing debate regarding raising the debt ceiling in the United States are keeping investors away from the markets. The S&P 500, Dow Jones, Nasdaq were all higher for the week with gains 1.6-2.5%. European and Asian markets also traded higher on global fund flow action. In the commodities market, NYMEX Crude traded higher around $99 levels and Gold traded higher near the $1602 levels. On the major economic news front, The Department of Labor reported that the number of first-time filers for unemployment benefits rose by 10,000, from a revised 408,000 last week, above the consensus estimate for 411,000 new claims. US Data to watch next week: Consumer Confidence, New Home Sales, Durable Goods Orders, Initial Jobless Claims, Continuing Claims, Pending Home Sales.

Domestic Performance of Sectoral Indices

Indian markets traded range bound with major gains coming on Friday. Nifty and Sensex gained about 1% in the week. BSE Midcap gained marginally while Small-cap gained 1.2% in the week. Among the BSE sectoral indices Teck (+1.9%), FMCG (+1.7%), IT (+1.3%) were the gainers, while CD (1.65%), HC (-1.5%), Auto (-1.5%), Power (-1.0%) were the losers. On the BSE100 index, Petronet, GSPL were the gainers, while Crompton Greaves, Exide were the losers. DIIs were net buyers in the market, while FII flow remained muted during the week. Data to watch next week: India Repo Cutoff Yield, Cash Reserve Ratio, Reverse Repo Rate, Food Articles WPI YoY, Fuel Power Light WPI YoY, Primary Articles WPI YoY.

Sectoral Indices BSE AUTO BSE METALS BSE BANKEX BSE IT 8859.46 14762.11 12908.66 5932.69 Weekl y Gainers (BSE 100) Petronet GSPL 174 108.15 Weekl y Losers (BSE 100) Crompton Greaves Exide 182.55 149.80 Weekl y Turnover (in INR Bn) BSE NSE CASH NSE F&O 145.50 511.37 5968.10 -24.88% -11.18% 19.51% 15.67% -1.49% 1.04% 0.48% 1.30%

Outlook
Indian markets traded mixed with range bound activity during the week. Inflation for the week saw decline over the previous week. On the derivatives front, put writing is seen at 5500 and call writing is seen at 5700-5800, suggesting 5500-5700 to be the trading zone for the July series. With inflation still at high levels, RBI is likely to hike the rates by 25 bps in the coming meeting of July 26. market participants are keeping a watch on the RBI policy. Some short term correction is again likely in the broader markets, mainly in Bank Nifty, Auto and Realty stocks. Results to watch: Bank of India, Mastek, Sterlite, NTPC, REC, GT Offshore, TTML, Asian Paints, Maruti, JSW Steel, BHEL, Visa Steel, BGR Energy, Lupin.

Institutional Activit y in INR Bn (Weekl y) Institutions FIIs DIIs Net Inflow -0.22 6.08

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

Saturday, July 23, 2011 Derivative Analysis

OI Analysis
Call Option Put Option

Market Snapshot Nifty July Futures closed at 5645.55 (Premium of 11.6 over the Nifty spot) Open interest Nifty FUTIDX (Expiry 28 July): 19.59 mn. Open interest Bank Nifty FUTIDX (Expiry 28 July): 0.95 mn. India VIX for the week ended at 7.91, down 2.04 from previous weeks close (19.95). In the week VIX touched low of 17.27 and high of 20.40. Weekly Open Interest Analysis (Nifty Option)

14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 5300 5400 5600 5700 5500 5200 5900 6000 5800 5000 5100
OI

Across all expiries, open interest is highest at the 5700, 5800 call options, while open interest in the put options is highest at 5500, 5300 strike prices, suggesting 5300-5700 to be the trading zone for Nifty index in short term.

Strik e

Change in OI
5,000,000 4,500,000 4,000,000 3,500,000 3,000,000

Call Option Put Option

Sector Wise OI Change: Bank, Metal & Mining, IT sectors saw gains in OI.

OI-Change

2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 5400 5300 5600 5900 5700 (500,000) (1,000,000) 6000 5800 5000 5500 5100 5200

Top 5 Price Gainers

SCRIPS % Change - Price Cash Future %Change - Volume Cash Future % Change in OI

Strike

Cement CapitalGoods IT

PRAJIND PETRONET GSPL HEXAWARE HOTELEELA Top 5 Price Losers

SCRIPS

25.37% 20.51% 15.18% 12.13% 7.62%

25.58% 18.19% 14.31% 11.58% 8.45%

4408.99% 1823.96% 789.67% 314.67% -16.82%

7929.29% 1529.80% 504.60% 305.52% -9.62%

84.56% 116.57% 7.20% -2.18% 42.36%

Sectors

Pharma Auto Metal&Mining Oil&Gas Realty Bank Power 400% 450% 300% 350% -50% 0% 50% -100% 500% 150% 200% 250% 100%

% Change - Price Cash Future

%Change - Volume Cash Future

% Change in OI

% Change in OI

CROMPGREAV GTL EXIDEIND LITL APOLLOTYRE

-24.83% -16.56% -11.35% -9.83% -7.42%

-24.97% -15.34% -11.32% -10.00% -7.49%

285.15% 119.50% 147.09% 264.61% 51.68%

449.98% 30.78% 164.21% 130.75% -74.10%

262.46% 4.15% 76.39% 9.15% -0.40%

Nifty PC Ratio
1 0.98 0.96 0.94 0.92 PCR 0.9 0.88 0.86 0.84 0.82 0.8 18-Jul 19-Jul 20-Jul 21-Jul Date 22-Jul

Top 10 Volume Gainers

SCRIPS % Change in F&O Price Open Interest % Change Volumes (Delivery Based)

PRAJIND RUCHISOYA ALBK UNIONBANK PETRONET COLPAL DCHL IGL JINDALSWHL MRPL

25.37% 0.15% 5.52% 1.53% 20.51% -1.22% 5.87% 3.48% 0.37% 0.87%

84.56% 0.30% 15.31% 50.36% 116.57% 79.25% -0.84% 2.63% 4.00% 16.19%

7929.29% 3379.69% 1993.75% 1607.40% 1529.80% 1442.58% 1297.89% 1040.52% 875.20% 712.42%

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

Saturday, July 23, 2011 Technical Analysis

(Source Iris) Conclusion Last week Nifty shut on a positive note @ 5634 and up by 53 points from the previous week's close. Technically Nifty on weekly chart has formed bullish candle stick pattern with lower shadow, which shows sideways sentiment in coming sessions. Nifty spot on weekly has opened at 5581.75 and made a low of 5532.70 and made a high of 5645.40 then finally closed positive at 5634. Stochastics and the RSI are slightly overbought and sideways signaling that buying pressure at support levels are possible short-term. The close above the 65 day moving average (5540) indicates the short term trend could be turning sideways to positive. 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 trend with trading range between 5540-5700. The next area of resistance is around at 5690-5740. So Nifty appears to be sideways trading on weekly chart having supports at supports at 55705535 levels. For short term trading long positions, stop loss of 5530 is advisable. Weekly Nifty has resistance at 5690-5740 and supports at 5570-5535. Weekly Sensex has resistance at 18900 19100 and supports at 18565 18435. Weekly Bank Nifty has resistance at 11500 11650 and supports at 11160 11025.

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

Saturday, July 23, 2011

BHEL

LTP 1975.00 View: Positive Oscillators Analysis: RSI are positive crossover and are in oversold territory on daily chart reading, which indicate positive sentiment in stock momentum with decent volume support. Pattern Analysis: A clear multiple bottom formation and support zone at 1920-1955, which indicates stock may upside till resistance level, is a confirmation of a trend in that direction. Technical Analysis: BHEL has bullish candle stick formation on weekly chart with good volume support. Stock has strong above at resistance at 1980 levels. Weekly RSI has shown positive crossover into oversold territory which will tend to support reversal action if it occurs. The market tilt is bullish with the close above strong 65 day moving average resistance at 1980 on daily chart basis. The next area of resistance is around 2070-2120, while 1st support hits at 1950 and below there at 1920. It is also heading towards resistance zone at 2070.00. We recommended the stock at CMP and declines till 1950 with stop loss at 1895 (closing basis) for a target of Rs. 2070-2120.

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Saturday, July 23, 2011

Hindustan Oil Exploration Company

LTP 181.60 View: Positive Oscillators Analysis: Stochastics and RSI are highly over sold territory and positive crossover from lower levels on weekly chart reading, which indicates positive sentiment in stock momentum. Pattern Analysis: A clear triple bottom formation and trend line support at 172.00, which indicates stock upside, is a confirmation of a trend in that direction with volume support. Technical Analysis: On Weekly chart HINDOILEXP has been trading above strong support zone at 172 and above short term moving average (20 DMA) at 178 levels, which indicates positive sentiment in short term trading and strong buying pressure around support zone at Rs.178-175, we expect the momentum to continue till resistance at 197-208 on the upside targets. And any genuine correction should see in stock price around support at 178-175, which should be used as a buying opportunity for the potential target 197-208.00. We recommended the stock at market and in the range 178-175, with stop loss below at 171(on closing basis) for a target of Rs. 197.00-208.

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

Saturday, July 23, 2011

Sector & Company Highlights

Capital Goods & Infrastructure
Pratibha Industries secured two orders worth INR 12.49 bn in JV for the Delhi Jal Board projects to be completed over next 36 months. Alstom Projects has secured three Hydroelectric Projects worth INR 2.7 bn. Positive, as it improves the revenue visibility of the company. ABB secured order worth USD 15 mn from Japanese pump manufacturer, Torishima Pump. This is expected to be completed in FY13.

Information Technology
Rolta India Ltd. has acquired ACLS Systems FZC, a security-software solutions for computers and mobile phones. Polaris Software Ltd. has entered into a MoU with two Bangladesh-based banks (Sonali Bank and Bangladesh Commerce Bank) to form a joint venture. The JV will provide software solutions to both financial institutions. iGate Patni Computer Systems has bagged a contract worth INR 1.33 bn from US-based Weyerhaeuser NR to provide and manage IT infrastructure service operations.

Metals & Mining

Coal India Ltd. (CIL) plans to invest about INR 300 bn to augment its capacity over the next five years and the funds will be spent on new mining projects, washeries, machinery and equipment. The world's largest coal producer has identified 142 new projects, including 107 open cast and 35 underground mining schemes with an ultimate capacity of 380.22 MT, as new projects and a part of it is likely to be added during the next plan.

Oil & Gas

The Cabinet Committee on Economic Affairs clears RIL-BP deals worth USD7.2bn enabling BP to buy 30% in 21 blocks of RIL. Positive, as this would enable Reliance to access BP's expertise in deep-water drilling and accelerate development and production at its fields particularly the under-performing eastern offshore KG-D6. In another development, Reliance plans to shut down its production facility at the MA oilfield in the KG-D6 block for annual maintenance for about three weeks by the end of this month. This would result in decline of ~17,000 barrels per day of oil and 8 million cubic metres a day of natural gas. Neutral.

Pharmaceuticals
Biocons subsidiary 'Syngene International' has entered into an agreement with US-based Endo Pharmaceuticals to expand their collaboration to develop molecules to fight cancer. Syngene and Endo will partner on two new discovery programmes, strengthening their ongoing alliance in cancer research for which they had inked a pact in March last year. As per the pact Endo would retain all rights to the molecules developed while Syngene would receive research fees, milestone payments and success fees from Endo. The USFDA had recently imposed an import ban on products made at Dr Reddy's Mexican plant for violation of current good manufacturing practices. The plant, which produces intermediates and API, had received a warning a letter from the USFDA last month. It is expected by the company that up to $30 million of its annual revenues could be impacted due to import ban. The company management expects the issue to be resolved by October this year. However the company has responded to FDA on the action plan and has voluntarily given an undertaking not to release the products until the issue is resolved.

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

Saturday, July 23, 2011

Mutual Fund Insights

Scheme Update
JM Financial Mutual Fund has decided to revise exit load structure under JM Equity Fund and JM Multi Strategy Fund, with effect from 25th July 2011. As per revised structure no exit load will be charged under both the schemes for all the investments (including fresh registration of SIP/STP/SWP) made on or after 25th July 2011. ICICI Prudential Mutual Fund has approved changes in benchmark index of the following schemes. Benchmark for ICICI Prudential Top 200 Fund has been changed to BSE 200 index, ICICI Prudential Tax Plan to CNX 500 Index, ICICI Prudential Discovery Fund & ICICI Prudential Emerging S.T.A.R. (Stocks Targeted at Returns) Fund to CNX Midcap Index, ICICI Prudential Infrastructure Fund to CNX Infra Index, ICICI Prudential Services Industries Fund to CNX Services Sector Index and ICICI Prudential Blended Plan Plan A to Crisil Liquid Fund Index with effect from 21st June 2011. Mutual Funds (MFs) made investments worth Rs 634.20 crore and sold off Rs 651.10 crore worth of equities on July 20, 2011, according to data released by the Securities and Exchange Board of India (SEBI). Thus, MFs stood as net sellers of Rs 17.00 crore in equities on that day. In the month of July, MFs have made total investments of Rs 7127.90 crore and sold off Rs 6853.90 crore worth of equities, so far. In the debt segment, MFs made investments of Rs 2800.30 crore and sold off Rs 2743.00 crore on July 20, 2011 as per the details available with SEBI. Thus MFs stood as buyers of Rs 57.30 crore on that day.
Source: Accord Fintech

-1-4-

Weekly Activity
Date Mutual Fund Activity
18-Jul-2011 19-Jul-2011 20-Jul-2011 21-Jul-2011 3.82 3.94 6.34 6.96 3.03 5.02 6.51 4.90 0.80 -1.09 -0.17 2.06 28.69 33.05 28.00 25.04 44.42 32.06 27.43 19.60 -15.73 0.99 0.57 5.44

Purchase

Equity (INR in Bn) Net Purchase Sales /Sales

Purchase

Debt (INR in Bn) Net Purchase Sales /Sales

FII Activity
18-Jul-2011 19-Jul-2011 20-Jul-2011 21-Jul-2011 22-Jul-2011 Source: Accord Fintech 16.57 19.70 19.82 18.81 19.53 15.12 20.22 15.64 19.12 21.25 1.45 -0.53 4.18 -0.31 -1.72 13.03 11.32 11.41 4.39 2.89 9.18 8.22 9.83 6.06 11.06 3.85 3.11 1.59 -1.66 -8.16

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

Saturday, July 23, 2011

New Fund Offers
Fund Manager

Fund

Opens

Closes

Structure

Reliance FHF-XX23(G)

21-Jul

01-Aug

Close ended

Mr. Amit Tripathi

Birla SL FTPDG(G) Birla SL FTP-DF(G)

20-Jul

28-Jul

Close ended Close ended Close ended

Mr. Kaustubh Gupta Mr. Kaustubh Gupta Mr. Kumaresh Ramakrishnan

18-Jul

28-Jul

DWS FTF-87(G)

15-Jul

28-Jul

LICMF FMP 48367D(G)

21-Jul

28-Jul

Close ended

Mr. Y. D. Prasanna

UTI FTIF-XIV(369D)-(G)

20-Jul

28-Jul

Close ended

Mr. Manish Joshi, Mr. Amandeep Singh Chopra

ICICI Pru CPO-II24M(G)

14-Jul

28-Jul

Close ended

Mr. Mrinal Singh, Mr. Chaitanya Pande

BNP Paribas FTF22 -C(G)

13-Jul

27-Jul

Close ended

Mr. Alok Singh

DSPBR FMP 12M26-(G)

20-Jul

27-Jul

Close ended

Mr. Dhawal Dalal

HDFC FMP-XVIII375D-July 2011(2)(G)

21-Jul

27-Jul

Close ended

Mr. Bharat Pareek, Mr. Miten Lathia Mr. Chaitanya Pande

ICICI Pru FMP-591Y-A(G)

18-Jul

27-Jul

Close ended

Investment Objective To seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and Other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. To seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. To seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. To generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. To minimize interest rate risk by investing in a portfolio of fixed income securities which mature on or before the date of the maturity of the scheme. To generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme. However, the scheme does not guarantee / indicate any return. There is no assurance that the funds objective will be achieved. To seek to protect capital by investing a portion of the portfolio in good quality debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. To achieve growth of capital through investments made in a basket of fi xed income securities maturing on or before the maturity of the scheme. To seek to generate returns and capital appreciation by investing in a portfolio of debt and money market securities. The Scheme will invest only in such securities which mature on or before the date of maturity of the Schemes. To generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s). To seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Plan under the Scheme.

Benchmark

Crisil Short-Term Bond Fund Index

Crisil Short-Term Bond Fund Index Crisil Short-Term Bond Fund Index Crisil Short-Term Bond Fund Index

Crisil Short-Term Bond Fund Index

Crisil Short-Term Bond Fund Index

Crisil MIP Blended Index

Crisil Short-Term Bond Fund Index

Crisil Short-Term Bond Fund Index

Crisil Short-Term Bond Fund Index

Crisil Short-Term Bond Fund Index

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

Saturday, July 23, 2011

New Fund Offers
Fund Manager Mr. Bharat Pareek, Mr. Miten Lathia Mr. Manish Joshi, Mr. Amandeep Singh Chopra

Fund HDFC FMP-XVIII92D-July 2011(3)(G)

Opens 21-Jul

Closes 26-Jul

Structure Close ended

UTI FTIF-XIII(370D)-(G)
Source: Accord Fintech

20-Jul

26-Jul

Close ended

Investment Objective To generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s). To generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme. However, the scheme does not guarantee / indicate any return. There is no assurance that the funds objective will be achieved.

Benchmark Crisil Short-Term Bond Fund Index

Crisil Short-Term Bond Fund Index

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

Saturday, July 23, 2011

Weekly Recommendations (Equity & Hybrid)
Absolute Return (In %) NAV Scheme Name Category: Diversified
ICICI Pru Dynamic(G) Fidelity Equity(G) ICICI Pru Discovery(G)
(16 Jul 11)

CAGR (In %) Since Inception

31.49 22.89 26.11

1 Week
0.46 0.67 0.02

1 Month
5.75 5.81 7.19

1 Year
7.48 4.81 5.85

BETA

ALPHA

Expense Ratio

109.08 35.80 49.96

0.64 0.81 0.68

0.01 0.00 0.01

1.81 1.84 1.91

Category: Largecap
Franklin India Bluechip(G) HDFC Top 200 Fund(G) DSPBR Top 100 Equity-Reg(G) 215.85 212.63 101.55 0.16 0.58 -0.26 4.68 5.86 6.07 6.86 6.32 6.34 25.06 22.79 31.90 0.78 0.88 0.80 0.01 0.01 0.01 1.82 1.78 1.85

Category: Monthly Income Plans

Birla SL MIP(G) Reliance MIP(G) HDFC MIP-LTP(G) 27.06 22.15 23.58 0.17 0.13 0.22 1.71 2.23 2.25 6.01 5.74 7.29 9.78 11.11 11.99 0.12 0.30 0.22 0.00 0.00 0.01 2.09 1.54 1.52

Category: Balanced Funds

HDFC Prudence(G) HDFC Balanced(G) Tata Balanced(G) 220.26 58.70 85.14 0.85 0.33 0.33 5.32 5.04 5.55 9.25 12.58 6.23 19.35 17.69 16.75 0.45 0.42 0.49 0.01 0.03 0.00 1.80 2.11 2.34

Weekly Recommendations (Debt)

Absolute Return (In %) NAV Scheme Name Category: Floating Rate
Birla SL FRF-LT(G) DSPBR FRF-Reg(G) LIC Nomura MF FRF-STP(G)
(16 July 11)

CAGR (In %) Since Inception

6.97 6.00 6.96

1 Week
0.17 0.16 0.14

1 Month
0.80 0.79 0.54

1 Year
7.87 7.33 6.45

YTM
9.43 0.00 0.00

Average Maturity In Days

83.95 200.75 2.10

Modified Duration in Days

83.95 182.50 2.10

Expens e Ratio
0.14 0.80 0.60

17.30 16.12 16.36

Category: Income - Long term

Birla SL Dynamic Bond-Ret(G) ICICI Pru Income-Reg(G) DSPBR Govt. Sec(G) 16.88 31.69 33.46 0.21 0.10 -0.11 1.31 1.08 0.32 7.18 4.25 2.40 7.99 9.25 10.76 10.00 8.96 0.00 730.00 1675.35 2372.50 711.75 1146.10 1584.10 0.79 2.12 1.25

Category: Income - Short term

Templeton India Low Duration Fund(G) Templeton India Income Opportunity(G) UTI ST Income(G) 10.84 11.31 17.29 0.16 0.17 0.23 0.80 0.95 1.03 0.00 6.79 8.34 8.49 7.93 7.02 10.05 10.24 0.00 102.20 372.30 777.45 91.25 255.50 0.00 0.65 1.35 0.59

Category:Ultra Short Term Fund

Templeton India Ultra-ST-Ret(G) Kotak Floater-ST(G) Tata Floater(G) 12.85 16.48 15.08 0.16 0.17 0.17 0.75 0.72 0.75 7.80 7.85 8.06 7.22 6.42 7.24 9.12 9.30 9.07 54.75 58.40 79.80 51.10 58.40 0.00 0.65 0.57 0.25

Category: Liquid
HDFC Cash Mgmt-Savings(G) IDFC Liquid-A(G) Tata Liquid-RIP(G) Source: Accord Fintech 21.04 1421.17 2299.54 0.17 0.16 0.16 0.72 0.75 0.69 7.67 7.94 7.31 6.54 6.83 6.67 0.00 0.00 8.55 71.00 64.96 63.30 65.00 60.48 0.00 0.41 0.20 0.65

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

Saturday, July 23, 2011 Dividend Declaration

Dividend Declaration (in %) Scheme Name
ICICI Pru FMP-50-19M-A(D) ICICI Pru Inv II-Qrtly-A-Inst(D) ICICI Pru LT FRF-A(QD) ICICI Pru LT FRF-B(QD) ICICI Pru LT FRF-C(QD) ICICI Pru Qrtly Inv II-A-Ret(D) Religare Active Inc-A(MD) Tata Dividend Yield(D) Source: Accord Fintech

Category
Debt Debt Debt Debt Debt Debt Debt Equity

Record Date
27-Jul-2011 27-Jul-2011 27-Jul-2011 27-Jul-2011 27-Jul-2011 27-Jul-2011 27-Jul-2011 27-Jul-2011

Gross
11.14 1.30 1.97 1.97 2.02 1.27 2.07 10.00

Corporate
11.14 1.30 1.97 1.97 2.02 1.27 2.07 10.00

Non-Corporate
11.14 1.30 1.97 1.97 2.02 1.27 2.07 10.00

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

Saturday, July 23, 2011

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-13Wealth Research, Unicon Financial Intermediaries. Pvt. Ltd. Email: wealthresearch@unicon.in