Unicon Weekly

8/3/2019 Unicon Weekly

1/17

Wealth Research, Unicon Financial Intermediaries. Pvt. Ltd.

Email:[email protected]

Saturday, November 26, 2011

Headlines

Global Economy) UKs Gross domestic product rose 0.5%

Indian Economy Food inflation fell sharply to single digit at 9.01% WoW

Economic Calendar)

Global and Domestic Stock Markets)

Derivative Analysis) Nifty November Futures closed at 4710.95

Technical Analysis) Nifty Supports at 4550-4450 and resistance 4820-4930

Weekly Recommendations)

Sector & Company Highlights)


2/17




Global Economyapanese exports dropped more than forecast in October to 3.7%,

he reports may raise pressure on policy makers to implement

urther stimulus measures. Also Consumer prices excluding freshood slid 0.1% in October from a year earlier. As Japan struggles to

ecover from the March earthquake and tsunami, declining prices

may weigh on consumer spending and erode company profits.

A special debt-reduction committee in the U.S. Congress failed to

each agreement, extending partisan gridlock into the 2012 and

etting the stage for USD 1.2 tn in automatic spending cuts. Also,

ncome gains are slowing and workers slice of the earnings pie is

hrinking, raising the risk that consumer spending slackens next

ear. Gross domestic income rose at an average 2.8% annual rate

om April through September after climbing 4.3% in the previous

ix months.

Bank of England policy makers were unanimous in their dec

to maintain the target for asset purchases this month.

Monetary Policy Committee voted 9-0 to keep the target at po275 bn (USD 428 bn) after increasing it by pounds 75 b

October. They also kept the key interest rate at a record-low 0

Also, its Gross domestic product rose 0.5% from the prev

quarter, when it increased 0.1%. Consumer spending was fla

the quarter, while investment fell 0.2%.

European Central Bank Executive Board member urged

area politicians to take bold steps toward fiscal union to end

debt crisis, and said they should not rely on the ECB. Germany

France is likely to make proposals to amend European treati

coming days to impose greater fiscal discipline on euro

countries as they struggle to win back investor confidence.

Global Economic Indicators(As on November 26, 2011)

conomic Indicators (%) US EU Japan UK China Brazil Russi

GDP +1.5 +1.4 nil +0.5 +9.1 +3.1 +4.8

ndustrial Production +3.9 +2.2 -4.0 -0.7 +13.2 -1.6 +3.6

Consumer Price Index +3.1 +3.0 nil +5.0 +5.5 +7.0 +7.2

nemployment Rate 9.0 10.2 4.1 8.3 6.1 6.0 6.4

Current Account Balance % of GDP -3.2 -0.6 +2.3 -1.9 +3.9 -2.2 +5.0

rade Balance (USD bn) -713.0 -31.1 +14.7 -162.8 +162.8 +31.1 +184.

ource: Economist

Commodities and CurrenciesCrude Oil rose on speculation that euro- area leaders will do more

o fight the debt crisis and on concern that tension in the Middle

East will disrupt supply. Crude oil for January delivery settled at

SUD 96.77 a barrel on the NYMEX. Prices dropped 0.7 percent this

week.Gold investors accumulated the biggest-ever hoard of the

metal, with Europes deepening debt crisis driving them to protect

their wealth with this years second-best performing commo

Holdings in exchange-traded products backed by gold reach

record 2,350.8 metric tons on Nov. 23, now valued at USD 1

bn. Bullion rose 19% to USD 1,688.50 an ounce this year on

Comex exchange, and reached a record USD 1,923.7

September.


3/17




ndian Economyood inflation fell sharply to single digit at 9.01% for the week

nded November 12 even as prices of most agricultural items,

arring potatoes, onions and wheat, continued to rise, on an annual

asis. Inflation in the overall primary articles category stood at

.08% during the week, as against 10.39% in the previous week.

uel and power inflation stood at 15.49% during the week, the

ame as in the previous week.

During the week rupee fell to a record prompting the central bank

o say its weighing action to stem the decline. The rupee declined

o 52.73 per dollar bringing its decline to 15% this year. The rupees

ecline this year, the worst performance among Asias 10 most-

aded currencies, is raising costs for companies; further drop will

lso spur inflation and increase fuel subsidy costs in a nation that

mports 80% of its fuel. Also current-account deficit could widen,

om 2.6% of gross domestic product in the fiscal year through

March 2011, if oil prices continue to push up the import bill. Also,

oreign exchange reserves have had the steepest three-week fall

since the collapse of Lehman Brothers Holdings in 2008, as

Reserve Bank of India wages a half-hearted battle to arres

currency's fall amid turbulence in the international financial mar

Foreign exchange reserves fell by about USD 12 bn in three w

since October 28. Total foreign exchange reserves, including

and Special Drawing Rights were at USD 308 bn as on Nove

18, down from USD 5.7 bn a week earlier.

Also, external debt rose by 3.4% in the first three months o

current fiscal to touch USD 316.9 billion as on June 30, 201

account of an increase in commercial borrowings and trade c

The prudent external debt management policy being followe

the government lays emphasis on monitoring of long and short

debt, raising concessional sovereign loans and regulating ECB

ndian Debt Marketsndian federal bond yields edged up as traders trimmed positions

head of the INR 130 bn debt sale but losses in Asian equity

markets and better than expected buyback results is seen limiting a

sharp rise. The yield on the new benchmark 10-year bond wa

8.82%.

ndian Currency MovementThe partially convertible rupee ended at 52.23/24 per dollar.

Volatility in the rupee is likely to continue till the euro zone problem

s solved.

Also, the central bank eased rules on overseas borrowings by

and raised the ceiling on interest rates for deposits by non-res

Indians.

INR Exchange Rate (As on November 25, 2011)

Current 1 WeekChangeWeekly

1 YearChanAnnu

USD 52.17 51.35 1.60 44.25 17.9

GBP 80.64 80.97 -0.41 71.44 12.8

Euro 69.43 69.26 0.25 60.96 13.8

Yen 67.39 66.80 0.88 53.81 25.2

Debt Market Yields

10 year Gilt 8.82%

1 Year Gilt 8.74%Source: CCIL

Headline Inflation b y WPI (September 2011)

Annual izedRate (Current)

Annual ized Rate(Last Month)

Headl ine Inflation(WPI)

9.73 9.72

Internals

Primary Products 11.40 11.84

Fuel Power andLubricants

14.79 14.09

ManufacturedGoods

7.76 7.69

Source: CCIL


4/17




Economic Calendar

ndia

Date Event Period Prior

1-Dec Food Articles WPI YoY 19-Nov 9.0%

1-Dec Fuel Power Articles WPI YoY 19-Nov 15.5%

1-Dec Primary Articles WPI YoY 19-Nov 9.1%

US

Date Event Period Prior

28-Nov New Home Sales OCT 313K

29-Nov Consumer Confidence NOV 39.8

29-Nov Home Price Index MoM SEP -0.1%

1-Dec Initial Jobless Claims 26-Nov 393K1-Dec ISM Manufacturing NOV 50.8

2-Dec Total Vehicle Sales NOV 13.20M

2-Dec Unemployment Rate NOV 9.0%


5/17




Global and Domestic Stock Markets

Global

US markets ended lower on Friday. Dow lost 4.8 percent for the week Europe also lost more than 4 percent despite breaking the losing strea

Friday. Concerns over sovereign debt crisis, contagion effect, rising bond y

of European countries took a toll of the markets. Europe bond auctions s

for next week will be keenly watched and volatility is likely. While eve

seems to be aware that there is no quick fix for the European crisis, fear

spread of the same and the contagion effect leading to bigger implication

continue to haunt the markets and market participants.

US Data to watch next week: MBA Mortgage Applications, New Home S

Consumer Confidence, Non farm Productivity, Chicago purchasing Manage

Domestic Performance of Sectoral Indices

India continued to be affected by global factors as well as local macro is

Currency movement was in focus as rupee hit all time low. Sensex too d

below year lows. Sentiment has been extremely fragile. Meanwhile

inflation did ease a bit which should soothe nerves of govt as well as

Government moved ahead on some key reforms like FDI in retail

Companies Bill. Retailing stocks were among the best performing ones i

current week. 2G scam implicated people got bail. Stocks like Unitech, DB

did see some recovery. However macro issues like rising fiscal d

slowdown will remain in the short term. FIIs continued to be net sellers

cash market. Currency impact, FCCBs, higher import costs will rema

concern for corporate in the near term as true impact of globalization is f

the local companies.

Data to watch next week: Food Articles WPI YoY; Fuel Power Light

Primary Articles WPI YoY , Export YoY, Imports YoY.

Outlook

Govts move on retail is certainly a positive move from sentiment perspe

This could raise hopes of FDI in insurance as well. Govt needs to act quicconsultation with state governments on the power front, coal and iron

mining front. Meanwhile the market will continue to remain volatile an

keenly watch global cues as well as fii flows. Valuations are reaso

attractive in capital goods, banking space and even infrastructure for

matter. Howevernewsflow in these spaces will remainvolatile. Selectmi

stocks in the technology stocks are also attractive. Investment opportunitie

emerging in Mid and largecap space for those willing to ridethe interme

volatility.

Key Indices (Global)

Close% Change

(Week)

Do w Jon es 11231.78 -4.8

NA SD AQ 2441.51 -5.1

S& P 500 1158.67 -4.7

FT SE 5164.65 -3.7

DA X 5492.87 -5.3

Ha ng Seng 17689.48 -4.3

Ni kkei -225 8160.01 -2.6

Key Indices (Indian)

Indices Close% Change

(Week)

BSE SENSEX 15695.43 -4.1

NSE NIFTY 4710.05 -4.0

BSE MIDCAP 5612.63 -1.8

BSE SMALL CAP 6049.39 -2.2

Sectoral Indices

BSE AUTO 8362.86 -2.1

BSE METALS 9874.97 -5.4

BSE BANKEX 9768.7 -3.9

BSE IT 5403.55 -3.8

Weekly Gainers (BSE 100)

UNIONBANK 217.95 5.7

TATACHEMICAL 345.3 4.9

Weekly Losers (BSE 100)

SAIL 82.2 -12.3

HDIL 65.15 -10.8

Weekly Turnover (in INR Bn)

BSE 102.4

NSE CASH 517.6

NSE F&O 9442.1

Institutional Activity in INR Bn (Weekly)

Ins titutions Net Inflow

FIIs -53.23

DIIs 46.71


6/17




Derivative AnalysisMarket Snapshot

Nifty November Futures closed at 4710.95 (premium of 0.90 points over the N

spot)

Open interest Nifty FUTIDX (Expiry 24 Nov): 21.91 mn.

Open interest BankNifty FUTIDX (Expiry 24 Nov): 2.19 mn.

India VIX for the week ended at 29.12, up 2.54 from previous weeks close (26.5

In the week VIX touched low of 22.64 and high of 32.71.

Weekly Open Interest Analysis (Nifty Option)

Across all expiries, open interest is highest at 4800,5000 & 5100 call options, w

open interest in the put options is highest at 4500, 4700 & 4800 strike pric

suggesting 4500-5000 to be the trading zone for Nifty index in short term.

Sector Wise OI Change:

The sector that witnessed positive OI change was IT leading the increase in OI wh

all other sectors i.e., BANKS, METAL&MINING,& CG witnessed negative OI.

OI Analysis

-

,000,000

,000,000

,000,000

,000,000

,000,000

,000,000

,000,000

,000,000

4500

4600

4700

4800

4900

5000

5100

5200

5300

5400

5500

Strike

Call Option

Put Option

Change in OI

(4,000,000)

(3,000,000)

(2,000,000)

(1, 000,000)

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

4500

4600

4700

4800

4900

5000

5100

5200

5300

5400

5500

Strike

OI-Change

Call Option

Put Option

-700%

-650%

-600%

-550%

-500%

-450%

-400%

-350%

-300%

-250%

-200%

-150%

-100%

-50%

0%

50%

100%

150%

200%

250%

300%

350%

Power

Bank

Realty

Oil&Gas

Metal&Mining

Auto

Pharma

IT

CapitalGoods

Cement

Sectors

%Change in OI

Nifty PC Ratio

0.4

0.5

0.6

0.7

0.8

0.9

1

1.1

1.2

21-Nov

22-Nov

23-Nov

24-Nov

25-Nov

Date

PCR

Top 5 Price Gainers

% Change - Price %Change - VolumeSCRIPS

Cash Future Cash Future% Change in O

PANTALOONR 17.92 18.19 219.40 294.74 14.9ONMOBILE 16.97 17.67 824.46 681.23 -11.0KFA 12.68 16.99 10.23 38.13 -20.7

AUROPHARMA 13.11 12.78 -58.95 -41.02 -28.8

SKUMARSYNF 10.26 10.59 -35.59 -60.86 5.4

Top 5 Price Losers% Change - Price %Change - Volume

SCRIPSCash Future Cash Future

% Change in O

ABAN -12.59 -18.01 11.17 -13.78 -6.7RENUKA -11.97 -11.49 -50.33 -39.34 -15.0FSL -11.60 -12.09 20.75 33.82 -25.9

MUNDRAPORT -10.55 -12.80 223.77 49.00 42.JINDALSWHL -14.20 -13.66 166.57 13.43 -18.7

Top 10 Volume Gainers

% Change in F&OSCRIPS

Price Open Interest

% Change Volume(Delivery Based

OFSS 1.56 -4.88 58.9

BEL 0.72 -2.50 -34.3BOSCH 1.54 8.11 1039.2MRF 5.56 -6.80 321.3

CESC 7.76 -7.59 2016.7

ONMOBILE 17.67 -11.02 824.4GLAXO -0.68 0.00 -41.5

3IINFOTECH -7.75 622.30 5.5PANTALOONR 18.19 14.93 219.4

BAJAJHLDG 1.30 17.12 52.9


7/17




Technical Analysis

Source Iris)

Conclusion

ast week Nifty shut on a negative note @ 4710 and down by 196 points from the previous week's close. Technically Nifty on weekly char

ormed bearish candle stick pattern, which shows negative sentiment on weekly closing basis. Nifty spot week on week has opened hig

873.80 and made a low of 4639.10 and then finally closed negative at 4710. Oscillators like The RSI is showing negative crossover, w

hows resistance are good for selling opportunity. Nifty closed below the 65 day moving average (5017) indicating the short term trend cou

urning negative. Short term stochastics are showing negative sentiment till support levels at 4550-4450. The market setup is somewhat neg

end with trading range between 4450-4930 on weekly basis. The next area of resistance is around at 4820-4930. So Nifty appears

egative on weekly chart having supports at 4550-4450 levels. If Nifty trades above short term barrier 4780, it may take resistance at 4820-4

Weekly Nifty has resistance at 4820-4930 and supports at 4550-4450.

Weekly Sensex has resistance at 16050-16405 and supports at 15250-14950.

Weekly Bank Nifty has resistance at 8700-8944 and supports at 8150-8000.


8/17




Bharat Heavy Electricals Ltd.

TP 270.00

View: Positive

Oscillators Analysis: Stocastics and The RSI are in highly oversold levels on weekly chart reading, which indicates positive sentiment in s

momentum.

Pattern Analysis: A clear bullish hammer candle stick on weekly chart and supports at 260 levels in weekly chart basis, which indicates s

pside, is a confirmation of a trend in that direction with good volume support.

echnical Analysis:

BHEL has bullish hammer formation on weekly chart with good volume support and stock is trading above 5 day moving average at 263. S

as monthly support at 250, which shows positive sentiment in short term basis, Stock may take upside resistance at 300 which is 20

moving average and supports are at 260-255 levels.

We recommended buying the stock at 260-256 with stop loss at 244(closing basis) for a target of Rs. 300.


9/17




Reliance Power Ltd.

TP 85.20

View: Negative

Oscillators Analysis: Stocastics and The RSI are in highly overbought levels on weekly chart reading, which indicates negative sentiment in s

momentum.

Pattern Analysis: A clear lower top and lower bottom on weekly chart have been formed and supports are at 75 levels On weekly chart b

which indicates stock downside, is a confirmation of a trend in that direction with volume support.

echnical Analysis:

On Weekly chart RPower closed below 20 week moving average at 91, which is strong resistance zone with decent volume support, w

ndicates negative sentiment in short term trading and strong selling around at resistance 87-89, we expect the momentum to continue till

upport at 75 on the downside target. And any genuine rise should see in stock price around resistance at 86.50-88, which should be used

elling opportunity for the potential target 75.

We recommended selling the stock at market and rise till 88 with stop loss above at 93.50 (on closing basis) for a target of Rs. 75.


10/17




Sector & Company Highlights

Power & Power Equipments

KEC International has sold leasehold rights on land in Mumbai for INR 725 mn to Vodafone. This will have a pos

impact on the company

Suzlon to save 200mn euro in costs

With its German subsidiary REpower coming fully under its control, the world's fifth largest wind turbine maker Su

expects to save 200 million euros in its overall cost by next fiscal. Nearly 65% of spend are on components, mo

which, come from Europe. But, given the current scenario, company plans to concentrate on the domestic market, as

as China, for components. This will help in reducing our material cost by nearly 100 million euros in FY 2013 and ano

similar amount from other heads.

Retail

The Cabinet has approved FDI investment of 51% in multi-brand retail and 100% in single brand retail. This move sh

pave the way for foreign players to enter the Indian retail market and will have a positive impact on the domestic r

players like Pantaloon, Trent, etc

Oil & Gas & Infra

Madhucon Projects gets Rs 422 crore order

Madhucon Projects has received INR 4.22bn EPC order from Bharat Coking Coal. The order is for "hiring of HE

including surface miner for removal of OB, extraction and transportation of coal from Patch 'A' and Patch 'B' of Phularit

Colliery OC of Barora area.

Finance

Reliance calls off Bharti-AXA Insurance deal

Reliance Industries (RIL) has scrapped its plan to acquire Bhartis stake in the life and general insurance joint vent

with French insurer AXA. The due diligence report had highlighted some issues regarding compliance standards

found the valuations expensive. This played a key role in RILs decision to call off the deal. In June, AXA and RIL they had reached an understanding where the latter, along with its associate Reliance Industrial Infrastructure (RIIL)

acquire Bhartis 74% stake in both the ventures. While RIL decided to acquire 57%, RIIL planned to buy the remainin

% of Bharti's stake in the two insurance companies. RIL had initially offered a premium of INR 3.0-3.5 bn over the

capital infused by Bharti in the insurance joint ventures. The combined share capital of the two insurance companies

at INR 19.48 bn as of March 31.

47


11/17




Mutual Fund Insights

Weekly Activity

-4-1FII Trading Activity ( In Billions)

-15 -10 -5 0 5

25-Nov

24-Nov

23-Nov

22-Nov

21-Nov

E q u i t y D e b t

MFTrading Activity ( In Billions)

0 5 10 15 2 0 2 5 3 0

24-Nov

23-Nov

22-Nov

21-Nov

E q u i t y D e b t

Source: Accord Fintech

Scheme Update

IDBI Mutual Fund has announced the change in fund manager for

its four schemes with effect from 11th November 2011. Accordingly,

Mr. V. Balasubramanian will be the new fund manager for IDBI Nifty

Index Fund, IDBI Nifty Junior Index Fund and IDBI Gold Exchange

Traded Fund. Furthermore, IDBI Monthly Income Plan will be jointly

managed by Mr. Gautum Kaul (for Debt portion) and Mr. V.

Balasubramanian (for Equity portion).

ICICI Mutual Fund has announced to revise exit load structure

under ICICI Prudential Short Term Plan. Accordingly, the revised

structure of an exit load of 0.75% will be charged if units areredeemed upto 6 months from the date of allotment. The revised exit

load structure will be effective from 26th November 2011

Equity (INR in Bn) Debt (INR in Bn)

Date Purchase SalesNet Purchase/Sales Purchase Sales Net Purchase /Sales

Mutual Fund Activity

25-Nov-11 21.065 32.129 -11.064 7.103 7.37 -0.267

24-Nov-11 17.263 27.971 -10.707 8.55 16.466 -7.916

23-Nov-11 17.589 26.211 -8.622 5.24 12.446 -7.206

22-Nov-11 18.939 24.951 -6.011 9.841 9.49 0.351

21-Nov-11 17.982 25.537 -7.555 5.944 8.206 -2.262

FII Activity

24-Nov-11 7.329 5.811 1.518 33.14 25.166 7.975

23-Nov-11 6.936 4.698 2.238 41.661 15.643 26.017

22-Nov-11 8.285 3.554 4.732 43.351 38.76 4.591

21-Nov-11 6.058 3.929 2.128 37.905 29.405 8.499

Source: Accord Fintech


12/17




New Fund Offers

Fund Opens Closes Structure Fund Manager Investment Objective Benchmar

Birla SL STP-23(G) Debt 25-Nov 28-Nov Mr. KaustubhGupta

The scheme seeks to generate income

by investing in a portfolio of fixedincome securities maturing on orbefore the duration of the scheme.

Crisil Short-Te

Bond Fund Ind(Benchmark)

HDFC FMP-XIX-370D-Nov 2011(3)(G)

Debt 24-Oct 28-NovMr. Miten Lathia,Mr.Bharat Pareek

The investment objective of the Plan(s)under the Scheme is to generateincome through investments in Debt /Money Market Instruments andGovernment Securities maturing on orbefore the maturity date of therespective Plan(s).

Crisil Short-TeBond Fund Ind(Benchmark)

Religare FMP- X -F-70D(G)

Debt 25-Nov 28-Nov Mr.Nitish Sikand

To generate income by investing in aportfolio of debt and money marketinstruments maturing on or before thedate of maturity of the Scheme.


Sundaram FTP-CF(G) Debt 23-Nov 28-NovMr.DwijendraSrivastava

The objective of the Scheme would beto generate income with minimumvolatility by investing in debt andmoneymarket securities, which matureon or before the maturity of thescheme.


DSPBR FTP-2-24M(G) Debt 24-Nov 29-Nov Mr. Dhawal Dalal

The primary investment objective ofthe Schemes is to seek capitalappreciation by investing in a portfolioof debt and money market securities. Itis envisaged that the Scheme willinvest only in such securities whichmature on or before the date ofmaturity of the Schemes. The

Schemes may also use fixed incomederivatives for hedging and portfoliobalancing.

Crisil Liquid FuIndex(Benchmark)

idelity FMP-VI-A(G) Debt 25-Nov 29-Nov

Mr.ShriramRamanathan,Mr.MaheshChhabria

To seek to generate reasonablereturns and reduce interest ratevolatility primarily through investmentin money market and short to mid termdebt instruments having maturity, on orbefore the date of maturity of a Plan.


HDFC FMP-XIX-92D-Nov011(2)(G)

Debt 24-Nov 29-NovMr.Miten Lathia,Mr.Bharat Pareek

The investment objective of the Plan(s)under the Scheme is to generateincome through investments in Debt /Money Market Instruments and

Government Securities maturing on orbefore the maturity date of therespective Plan(s).

Crisil Short-TeBond Fund Ind

(Benchmark)

ICMF FMP 47-365D(G) Debt 24-Nov 29-Nov Y. D. Prasanna

The investment objective of theScheme is to minimize interest rate riskby investing in a portfolio of fixedincome securities normally maturing inline with the time profile of the scheme.



13/17




Reliance FHF-XXI-19(G) Debt 21-Nov 29-Nov Amit Tripathi

The primary investment objective ofthe scheme is to seek to generatereturns and growth of capital byinvesting in a diversified portfolio of

Central and State Governmentsecurities and Other fixed income/ debtsecurities maturing on or before thedate of maturity of the scheme with theobjective of limiting interest ratevolatility.


Sundaram FTP-CB(G) Debt 25-Nov 29-NovDwijendraSrivastava

The objective of the Scheme would beto generate income with minimumvolatility by investing in debt andmoneymarket securities, which matureon or before the maturity of thescheme.


Taurus Qtrly Inv-1(G) Debt 24-Nov 29-Nov Kumar Nathani

The investment objective of thescheme is to generate returns through

investments in a portfolio of debtandmoney market instruments whichmature on or before the opening of theimmediately followingspecifiedtransaction period.


DWS FTF-93(G) Debt 21-Nov 30-NovMr.KumareshRamakrishnan

The objective of the Scheme is togenerate income by investing in debtand money market instrumentsmaturing on or before the date of thematurity of the Scheme.


HDFC FMP-XIX-36M-Nov011(1)(G)

Debt 24-Nov 30-NovMr.Miten Lathia,Mr.Bharat Pareek

The investment objective of the Plan(s)under the Scheme is to generateincome through investments in Debt /Money Market Instruments and

Government Securities maturing on orbefore the maturity date of therespective Plan(s).

Crisil Short-TeBond Fund Ind

(Benchmar

CICI Pru FMP-60-3Y-E(G)

Debt 21-Nov 30-NovMr.ChaitanyaPande

The investment objective of the Planunder the Scheme is to seek togenerate regular returns by investing ina portfolio of fixed incomesecurities/debt instruments maturingon or before the maturity of the Planunder the Scheme. However, there canbe no assurance that the investmentobjective of the Plan under theScheme will be realized.

Crisil ComposBond Fund Ind(Benchmark)

Reliance FHF-XXI-15(G) Debt 21-Nov 30-Nov Amit Tripathi

The primary investment objective of

the scheme is to seek to generatereturns and growth of capital byinvesting in a diversified portfolio ofCentral and State Governmentsecurities and Other fixed income/ debtsecurities maturing on or before thedate of maturity of the scheme with theobjective of limiting interest ratevolatility.



14/17




DFC FMP-YS-56(G) Debt 24-Nov 30-Nov Mr.Anupam Joshi

The investment objective of theScheme is to seek to generate incomeby investing in a portfolio of debt andmoney market instruments maturing on

or before the maturity of the scheme.There is no assurance or guaranteethat the objectives of the scheme willbe realized.


DFC FMP-2Y-2(G) Debt 24-Nov 30-Nov Mr.Anupam Joshi

The investment objective of theScheme is to seek to generate incomeby investing in a portfolio of debt andmoney market instruments maturing onor before the maturity of the scheme.There is no assurance or guaranteethat the objectives of the scheme willbe realized.


Tata FMP-38-B(G) Debt 21-Nov 30-Nov Murthy Nagarajan

The investment objective of theschemes is to generate income and /

or capital appreciation by investing inwiderange of Debt and Money Marketinstruments having maturity in line withthe maturity of the respectiveschemes.The maturity of allinvestments shall be equal to or lessthan the maturity of respectiveschemes.


CICI Pru Multiple Yield --A(G)

Hybrid 23-Nov 02-DecMr. ChaitanyaPande,MrinalSingh

The primary objective of the Plansunder the Scheme is to seek togenerate returns by investing in aportfolio of fixed income securities/debt instruments. The secondaryobjective of the Scheme is to generatelong term capital appreciation by

investing a portion of the Schemesassets in equity and equity relatedinstruments.

Crisil MIPBlended Index(Benchmark)

Motilal Oswal MOSt 10Year Gilt Fund(G)

Debt 21-Nov 05-DecAbhiroopMukherjee

The primary investment objective ofthe Scheme is to generate credit risk-free returns by investing in a portfolioofsecurities issued by the CentralGovernment and State Government.

Crisil Gilt Inde10 Year DateGOI Security(Benchmark)

HDFC FMP-XIX-24M-Nov011(1)(G)

Debt 24-Nov 08-DecMr. Miten Lathia,Mr.Bharat Pareek

The investment objective of the Plan(s)under the Scheme is to generateincome through investments in Debt /Money Market Instruments andGovernment Securities maturing on or

before the maturity date of therespective Plan(s).


SBI DFS-90D-52(G)15-

Nov28-Nov

Closeended

RajeevRadhakrishnan

To provide regular income, liquidityand returns to the investors throughinvestments in a portfolio comprising ofdebt instruments such as GovernmentSecurities, PSU & Corporate Bondsand Money Market Instrumentsmaturing on or before the maturity ofthe scheme.



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Templeton IndiaCorporate Bond Opp(G)

15-Nov

29-NovOpenended

Mr. UmeshSharma,Mr.SachinPadwal-Desai

The Fund seeks to provide regularincome and capital appreciationthrough a focus on corporatesecurities.


Religare Gold Fund (G)15-

Nov29-Nov

Openended

Mr. Nitish SikandTo provide returns that closelycorresponds to returns provided byReligare Gold Exchange Traded Fund.

Gold-India(Benchmark)

Sundaram CPO-5Yrs-S4(G)

18-Nov

30-NovCloseended

Mr. DwijendraSrivastava,Mr.Srividhya Rajesh

The objective of this Scheme would beto seek income and minimise risk ofcapital loss by investing in a portfolio offixed-income securities. The schememay invest a part of the assets inequity to seek capital appreciation.

Crisil MIPBlended Index(Benchmark)

Union KBC Tax Saver -G)

08-Nov

09-DecCloseended

Mr.AshishRanawade

To generate income and long-termcapital appreciation by investingsubstantially in a portfolio consisting of

equity and equity related securities.

BSE-100(Benchmark)

ource: Accord Fintech

Weekly Recommendations (Equity & Hybrid)

Absolute Return (In %) CAGR (In %)

Scheme NameNAV

(25 Nov 11) 1 Week 1 Month 1 YearSinceInception BETA ALPHA

ExpenRat

Category: Diversified

CICI Pru Dynamic(G) 92.73 -2.40 -6.66 -13.77 27.82 1.00 0.00

idelity Equity(G) 31.06 -2.87 -7.48 -15.28 18.95 1.00 -0.01

CICI Pru Discovery(G) 41.75 -0.85 -4.55 -16.50 21.69 1.00 -0.02

Category: Largecap

ranklin India Bluechip(G) 191.46 -3.04 -6.89 -12.24 22.46 1.00 0.01

DFC Top 200 Fund(G) 176.41 -2.88 -8.27 -19.33 20.73 1.00 -0.02

SPBR Top 100 Equity-Reg(G) 87.35 -3.43 -7.32 -13.66 28.22 1.00 -0.01

Category: Monthly Income Plans

irla SL MIP(G) 27.08 -0.17 -0.51 3.28 9.46 1.00 -0.01

Reliance MIP(G) 21.52 -0.23 -1.70 0.21 10.19 1.00 -0.02

DFC MIP-LTP(G) 22.83 -0.30 -1.45 0.24 10.99 1.00 -0.02

Category: Balanced Funds

DFC Prudence(G) 191.68 -1.46 -6.04 -11.41 18.02 1.00 -0.07

DFC Balanced(G) 52.65 -0.68 -4.56 -5.37 15.97 1.00 -0.05

ata Balanced(G) 76.96 -1.82 -4.89 -9.00 15.64 1.00 -0.06


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Weekly Recommendations (Debt)

Absolute Return (In %)CAGR(In %)

cheme NameNAV

(25 Nov 11) 1 Week 1 Month 1 YearSinceInception YTM

Average

MaturityIn Days

Modified

Durationin Days

ExpeRat

ategory: Floating Rate

rla SL FRF-LT(G) 178.44 0.17 0.75 8.96 7.07 8.98 0.00 76.65

SPBR FRF-Reg(G) 16.58 0.13 0.64 8.29 6.10 0.00 164.25 146.00

C Nomura MF FRF-STP(G) 16.81 0.16 0.68 7.38 7.01 0.00 16.80 15.90

ategory: Income - Long term

rla SL Dynamic Bond-Ret(G) 17.32 0.20 0.71 8.39 7.98 9.70 0.00 799.35

ICI Pru Income-Reg(G) 32.12 0.36 0.35 4.78 9.11 9.55 2628.00 1664.40

SPBR Govt. Sec(G) 33.58 0.24 0.04 2.22 10.47 0.00 1963.70 1346.85

ategory: Income - Short term

empleton India Low Durationnd(G) 11.18 0.17 0.78 9.75 8.75 9.89 76.65 69.35

empleton India Incomepportunity(G) 11.64 0.13 0.67 8.24 8.08 10.28 332.15 222.65

TI ST Income(G) 17.79 0.20 0.78 9.17 7.08 0.00 748.25 0.00

ategory:Ultra Short Term Fund

empleton India Ultra-ST-Ret(G) 13.24 0.17 0.75 8.82 7.39 9.60 54.75 51.10

otak Floater-ST(G) 16.99 0.17 0.77 8.90 6.54 9.45 58.40 58.40

ata Floater(G) 15.55 0.17 0.76 9.08 7.35 9.24 66.60 0.00

ategory: Liquid

DFC Cash Mgmt-Savings(G) 21.68 0.17 0.74 8.67 6.62 0.00 40.00 36.00

FC Liquid-A(G) 1446.29 0.18 0.73 8.61 6.90 0.00 38.34 35.82

ata Liquid-RIP(G) 2364.62 0.16 0.69 8.21 6.71 9.09 40.50 0.00

Dividend Declaration

Scheme Name Category Record Date Gross Corporate Non-Corporate

Baroda Pioneer MIP(MD) Hybrid 25-Nov-2011 0.66 0.50 0.58

Baroda Pioneer PSU Bond(MD) Debt 25-Nov-2011 0.44 0.33 0.38

ING MIP(MD) Hybrid 25-Nov-2011 0.20 0.15 0.18ource: Accord Fintech


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