Saturday, May 15, 2011

Headlines
(Global Economy) German Industrial Production increases 0.7% in March.

(Indian Economy) India's IIP Growth came in at 7.3% for March 2011.

(Economic Calendar)

(Global and Domestic Stock Markets)

(Derivative Analysis) Nifty May Futures closed at 5558.90

(Technical Analysis) Nifty Support levels are at 5450-5375

(Weekly Recommendations) IRB AND JSWSTEEL

(Sector & Company Highlights)

(MF Industry update)

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 Saturday, May 14, 2011

Global Economy
US consumer debts rose 0.3% (USD 33 bn) to USD 11.5 tn in the first
quarter of 2011 on the back of rising mortgage balances. Retail
sales too rose 0.5% in April, after a 0.9% advance in March. However
the rise was the slowest in nine months highlighting the risks that
rising gasoline prices pose for the US economy. The Bloomberg
Consumer Comfort Index dropped to -46.9 in the period to May 8.
UK house prices rose 0.3% in April on average to GBP 223,352 on a
sequential basis. From a year earlier, prices were up 0.9%.
German industrial production rose 0.7% in March, after a 1.7% rise
in February, as construction surged. For the year, production has
risen 11.2% when adjusted for working days. German exports also
surged 7.3% in march from a month ago at EUR 98.3 bn. The trade
balance widened to EUR 18.9 bn in March from 11.9 bn in February.
However, inflation in the European powerhouse accelerated to
2.7% in March, from 2.3% in the previous month, due to surging
energy costs.
Spain’s economy grew 0.2% in the first quarter of 2011, the same as
the previous quarter. From the year ago period, the economy grew
0.7%. Industrial production fell 0.9% in March on a YoY period, pulled
down by a decline in consumer goods. Portugal’s economy shrank
0.7% in the first quarter of 2011 compared to a revised 0.6% drop in
the fourth quarter of 2010. With this decline, the country has re-
entered recession.
China’s inflation rose 5.3% in April for the year. The country also
raised banks’ reserve requirements for the fifth time this year to
21%, up 0.5% from May 18. Besides raising interest rates and reserve
requirements, and guiding banks to limit credit growth, officials
have accelerated gains in the Yuan, to tame inflation rise.
The Bank of Korea kept interest rates unchanged at 3%, opting to
judge whether gains in the Won will contribute to a slowdown in
inflation. Hong Kong’s economy expanded 7.2% in the first quarter,
the fastest pace in a year, beating estimates, but increasing the
risk of a bubble in the economy.

Global Economic Indicators (As on May 12, 2011)

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

GDP +2.3 +2.0 +2.2 +1.8 +9.7 +5.0 +4.5

Industrial Production +5.9 +7.3 -12.9 +2.4 +13.4 -2.1 +5.3
Consumer Price Index +2.7 +2.8 0.0 +4.0 +5.3 +6.5 +9.6
Unemployment Rate 9.0 9.9 4.6 7.8 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 +179.0 +23.1 +154.4
Source: Economist

Commodities and Currencies

Crude Oil for June delivery advanced 2.5% for the week to close at
USD 99.65 per barrel on the NYMEX as stronger than expected
economic growth in the Euro region signaled an increase in demand
for the commodity. For a similar reason, Copper futures for July
delivery also rose 0.2% for the week ending at USD 3.9895 per
pound on the COMEX. The Japanese Yen and the US Dollar both
advanced against major currencies as investors sought safety amid
falling stocks. The JPY closed at 80.79 per USD while the USD rose
to USD 1.4067 per Euro.

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Indian Economy
Foreign Direct Investment (FDI) in India dipped 11% YoY in March
to USD 1.07 bn in the backdrop of financial turmoil in Europe. The
country had received USD 1.2 bn in FDI in the corresponding period
last year. For the fiscal 2010 – 11, inflows declined by 25% to USD
19.43 bn compared to USD 25.83 bn in FY10.
Industrial output rose to 7.3% in March from a year earlier against
3.65% in February. Manufacturing output, which constitutes about
80% of the industrial production, rose an annual 7.9%. Better than
expected IIP numbers have allayed fears of a slowdown in the
economy that will allow the central bank to continue with rate hikes
to control stubbornly high inflation.
Food inflation fell to an 18-month low of 7.7% during the week ended
April 30 on the back of declining prices of pulses and vegetables,
prompting the government to predict further moderation in prices
due to record production of many food items. During the week
under review, inflation in non-food primary articles was 28.62%
and the fuel price index climbed 13.53% during the week under
review. Also India’s April exports provisionally rose an annual
34.4% while imports rose 14%. India will target at least 25% export
growth in this fiscal year.
According to Organization for Economic co-operation &
development (OECD) India’s economy is likely to lose pace even
as China and the US are expected to see good expansion in the
coming months. The latest assessment comes amid concerns that
spiraling inflation and hawkish monetary regime could hurt India’s
economic growth. OECD’s observations are based on Composite
Leading Indicators (CLIs) that provide early signals of turning
points with regard to economic expansion and slowdown. In March,
CLI for India stood at 99.4 as compared to 99.7 in February. CLI for
India has been marginally falling since November 2010.

Indian Debt Markets

Government bond yields ended on the higher side on higher than increased by 10 bps to close at 8.27%. The 2022 8.13% bond yield
expected bond purchases. The newly issued 2021 7.8% bond yield also jumped 4 bps to close at 8.42%.

Indian Currency Movement

The partially convertible rupee ended at 44.87 per dollar after mov-
ing in a tight 44.83 – 45.05 range for the week, a 0.29% decline.

Headline Inflation by WPI (%) (Mar’11) INR Exchange Rate (As on May 6, 2011)
Annualized Rate Annualized Rate Change Change
Current 1 Week 1 Year
(current) (last month) Weekly annual
Headline Inflation USD 44.87 44.78 0.29% 45.58 -1.47%
8.98 8.31
(WPI) GBP 73.06 73.43 -0.50% 67.05 8.96%
Internals Euro 64.03 65.27 -1.90% 57.81 10.76%
Yen 55.67 55.59 0.14% 49.52 12.42%
Primary Products 12.96 14.79
Debt Market Yields (%)
Fuel Power and
12.92 11.49 10 year Gilt 8.36
Lubricants
Manufactured 1 Year Gilt 8.03
6.21 4.94 Source: CCIL
Goods
Source: CCIL

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

(Millio n Barr els)

1600 50 390
110
380
1500 45
370
1400 40 100

Silver ($/OZ)
360

Pr ice (USD)
Gold ($/OZ)

1300 35

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

800 10 60 300
May-10 Jun-10 Aug-10 Sep-10 Oct-10 Dec-10 Jan-11 Mar-11 Apr-11 May-10 Jun-10 Aug-10 Sep-10 Oct-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 / EUR

USD / JPY

1.35 0.0115
USD / GBP

USD / AUD
0.95
1.6
1.3 0.9
0.011
1.55
1.25 0.85
1.5 0.0105
1.2
0.8
1.15 1.45 0.01
0.75
1.1 1.4
0.0095 0.7
May-10 Jun-10 Aug-10 Sep-10 Oct-10 Dec-10 Jan-11 Mar-11 Apr-11
May-10 Jun-10 Aug-10 Sep-10 Oct-10 Dec-10 Jan-11 Mar-11 Apr-11
USD / EUR USD / GBP
USD / JPY USD / AUD

Economic Calendar
India US
Date Event Period Prior Date Event Period Prior
16-May Monthly WPI YoY APR 8.98% 16-May Empire Manufacturing MAY 21.70
19-May Food Articles WPI YoY 7-May 7.70% 16-May NAHB Housing Mkt Index MAY 16.00
19-May Fuel Power Light WPI YoY 7-May 12.25% 17-May Housing Starts APR 549K
19-May Primary Articles WPI YoY 7-May 11.96% 17-May Building Permits APR 594K
17-May Industrial Production APR 0.8%
18-May Minutes of FOMC Meeting
19-May Initial Jobless Claims 14-May 434K
19-May Continuing Claims 7-May 3756K
19-May Existing Home Sales APR 5.10M

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Key Indices Global Global and Domestic Stock Markets

% Change
Close Global
(week)
Global markets traded marginally negative as concerns over Greece debt
Dow Jones 12,595.75 -0.3%
crisis again erupted during the week. Dow Jones, Nasdaq, S&P 500 ended flat
NASDAQ 2,828.47 0.0%
with negative bias. European markets also ended negative on weak global
S&P 500 1,337.77 -0.2%
cues. Among the Asian markets, Hangseng ended positive, while Nikkei ended
FTSE 5,925.87 -0.9% 2% down. In the commodities market, NYMEX Crude recovered from previous
DAX 7,403.31 -1.2% week’s selloff and traded near $100 level and Gold traded near the $1491 in the
Hang Seng 23,276.27 0.5% week. On the economic front, inflation numbers came above expectations with

Nikkei-225 9,648.77 -2.1% import prices increasing 2.2%, producer prices increasing by 0.8% and consumer

Key Indices (Indian) prices up 0.4%. Core CPI was higher by 0.2%. The US trade balance was higher

% Change than expected at $48.2 billion. US Data to watch next week: Empire Manufacturing,
Indices Close
(week) Building Permits, Housing Starts, Capacity Utilization, Industrial Production,
BSE SENSEX 18,531.28 0.1% Minutes of FOMC Meeting, Initial Jobless Claims, Leading Indicators.

NSE NIFTY 5,544.75 -0.1%

Domestic Performance of Sectoral Indices
BSE MIDCAP 6,902.58 0.6%
The Indian bourses ended flat over the week, but traded with negative bias
BSE SMALL CAP 8,368.22 0.3%
with high volatility. BSE Midcap and Smallcap gained 0.57% and 0.31% during
Sectoral Indices
the week. Among the BSE sectoral indices, FMCG (+4.41%), Realty (+3.94%), HC
BSE AUTO 9,221.97 0.0% (+1.40%) ended positive, while Bankex (-0.64%), CG (-0.64%), Oil&Gas (-0.47%)
BSE METALS 15,404.23 0.3% ended negative. On the BSE100 index, Ranbaxy and Suzlon gained while NMDC,
BSE BANKEX 12,590.17 -0.6% Welspun Corp ended negative. DIIs were net buyers and FIIs were net sellers

BSE IT 6,039.60 -0.3% in cash market, though participation remained muted. Data to watch next week:

Weekly Gainers (BSE 100) Monthly Wholesale Prices, YoY%, Food Articles WPI YoY, Fuel Power Light
WPI YoY, Primary Articles WPI YoY.
Ranbaxy 491.85 11.3%

Suzlon 52.9 8.2%

Outlook
Weekly Losers (BSE 100)
Domestic markets traded rangebound but with negative bias. Volumes
NMDC 256.45 -4.8% remained on lower side as investors awaited cues from IIP data and political
Welspun Corp 180.7 -4.4% results in the country. IIP data came in at 7.3% vs 3.6% which was above analysts’
Weekly Turnover (in INR Bn) expectation. But concerns over inflation still remain as pointed out in RBI’s

BSE 130.6 policy statement. Some pullback rally was seen on Friday’s session after the
election results, but unlikely to sustain at higher levels. Trend remains bearish
NSE CASH 466.9
as FIIs have been continuously selling Index futures and stock futures over
NSE F&O 5399.6
the last few weeks. Results to watch in the coming week: MRPL, JSW Steel, JP
Institutional Activity in INR Bn (Weekly)
Associates, Optocircuits, Uco bank, HT Media, Bajaj-Auto, LT, Sre Infra, ICSA.
Institutions Net Inflow

FII -2.3

DIIs 4.0

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Derivative Analysis Market Snapshot

Call Option
OI Analysis
Put Option • Nifty May Futures closed at 5558.90 (Premium of 14.15 points over the
10,000,000
Nifty spot)
9,000,000
8,000,000 • Open interest Nifty FUTIDX (Expiry 26 May): 24.75 mn.
7,000,000 • Open interest BankNifty FUTIDX (Expiry 26 May): 1.73 mn.
6,000,000
OI

• India VIX for the week ended at 20.63, down 0.34 from previous week’s
5,000,000

4,000,000 close (20.97). In the week VIX touched low of 19.40 and high of 21.95.
3,000,000

2,000,000

1,000,000
Weekly Open Interest Analysis (Nifty Option)
- Across all expiries, open interest is highest at the 6000, 5800, 5700 call options,
5200

5400

5600

5700

5800

5900

6100
5300

5500

6000

6200

Strike
while open interest in the put options is highest at 5500, 5400, 5300 strike
prices, suggesting 5300-5800 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, Pharma, Auto, Power sectors gained OI during the week.

OI-Change

1,000,000

0
5200

5300

5500

5600

5700

6000

6100
5400

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
RANBAXY 13.95% 13.31% 441.73% 59.15% 4.15%
Cement HDIL 12.67% 12.26% -57.56% -7.75% -13.94%
CapitalGoods
HINDUNILVR 11.15% 11.70% 29.95% 214.99% 18.67%
IT
OFSS 11.78% 11.14% 6.97% 204.12% -7.20%
Pharma
Sec tors

Auto
SUZLON 8.87% 9.03% 10.74% 82.58% 9.87%
Metal&Mining

Oil&Gas Top 5 Price Losers

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

Power
Cash Future Cash Future in OI
RENUKA -11.32% -11.28% 182.41% 138.27% 23.85%
50%
-100%

-50%

0%

100%

150%

200%

300%

350%

400%

450%

500%
250%

% Change in OI SKUMARSYNF -10.56% -10.50% 211.72% 12.03% 36.97%

PIRHEALTH -9.38% -9.38% -59.29% 24.39% 16.90%
Nifty PC Ratio
0.95 PATNI -6.04% -6.16% 37.13% -17.00% 7.04%
SREINFRA -5.50% -5.58% 86.47% 20.15% 13.50%
0.9
Top 10 Volume Gainers
0.85
SCRIPS % Change in F&O % Change Volumes
PCR

0.8 Price Open Interest (Delivery Based)

3IINFOTECH 9.54% 12.48% 246.32%
0.75
SUNTV 0.65% 123.27% 3281.21%
0.7 MAX 4.30% 20.00% 725.98%
10-May

11-May

13-May
9-May

12-May

ADANIENT 3.44% 1.43% 465.32%

Date
COLPAL 3.11% 45.99% 456.27%
GSPL 7.48% -7.10% 449.57%
LUPIN 4.94% 9.02% 411.22%
BALRAMCHIN -1.45% 15.32% 312.23%
BATAINDIA 7.84% 66.19% 285.81%
INDIAINFO 8.15% 2.81% 285.78%

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Technical Analysis

(Source: Iris)

Conclusion
Last week Nifty shut on a marginal negative note @ 5545, down by 6 points from the previous week's close. Technically Nifty on weekly
chart has formed doji candle stick pattern, which shows sideways sentiment in coming sessions. Nifty spot on weekly has opened at 5575
and made a low of 5472 and made high of 5605, then finally closed neutral at 5551. Stochastic and the RSI are slightly oversold signaling
that buying pressure at support levels are possible short-term. The close below the 200 day moving average (5755) indicates the short
term trend could be turning sideways to negative. Stochastic 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 5450-5600. The next area of
resistance is around 5622-5675. So Nifty appears to be sideways trading on weekly chart having supports at 5450-5375 levels. For short
term trading long positions, stop loss of 5440 is advisable.
Weekly Nifty has resistance at 5622-5675 and supports at 5450-5375.
Weekly Bank Nifty has resistance at 11273-11455 and supports at 10850-10712.

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Weekly Recommendations

IRB
LTP 165.00.
View: Positive
Oscillators Analysis: Stochastic and 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 piercing bullish hammer candle stick formation on weekly chart, which indicates stock may upside till resistance
level, is a confirmation of a trend in that direction.
Technical Analysis:
IRB has bullish candle stick on weekly chart with good volume support. Stock has double bottom formation around 156-160 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 10 DMA on daily chart basis. The next area of resistance is around 187 and 200, while 1st support hits at 161 and below
there at 158. It is also heading towards Fibonacci resistance level 23.60% at 187.00.
We recommended the stock market price and on declines around 161 with stop loss at 150 (closing basis) for a target of Rs. 187-198.

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JSWSTEEL.
LTP 935.00.
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 head and shoulders pattern neckline breakout (positive trend) and shoulder resistance and breakout at 952,
which indicates stock upside is a confirmation of a trend in that direction with volume support.
Technical Analysis:
On daily chart JSWSTEEL has been trading above medium term moving average (65 DMA) crossover at 920 levels, which indicates
positive sentiment in short term trading and strong buying pressure above resistance zone around Rs.952, we expect the momentum to
continue till 1050 on the upside (resistance zone). And any genuine correction should see in stock price around supports at 920, which
should be used as a buying opportunity for the potential target 1050.00.
We recommended the stock initially above 952 and declines till 920, with stop loss at 895.00(on closing basis) for a target of Rs. 1050.00.

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-7- Sector & Company Highlights

Automobiles & Auto Ancillaries
• Tata Motors’s UK-based subsidiary Jaguar Land Rover (JLR) will raise GBP 1 bn to refinance existing debt and other purposes

Banking
• Union Bank of India has got clearance from the Reserve Bank of India for opening new branches in Sydney and Belgium. The bank at
present has one established branch in Hong Kong and representative offices in Sydney, Shanghai, London, Beijing and Abu Dhabi. It
is also opening a subsidiary in the United Kingdom and has already got the permission to open representative office in Canada.

Information Technology
• Persistent Systems Ltd. has announced the expansion of the company’s board of directors with the inclusion of Sanjay Bhattacharya,
former MD, SBI as an independent director on the board.
• Wipro Ltd. has signed an agreement to acquire a majority stake in Brazil-based hydraulic cylinder manufacturer RKM Equipmentos
Hidraulicos Ltd.
• CMC Ltd. has announced a 1:1 bonus as well as a dividend of 200% on its common stock.

Logistics
• Mundra Port and Special Economic Zone intends to invest nearly INR 32 bn to expand port operations across India over the next two to
three years. It is investing INR 22 - 25 bn to develop the port at Hazira in Gujarat. It plans to pump in INR 4 bn in Goa and another INR
3 bn for the terminal at Vizag.

Metals & Mining

• Sterlite Industries plans to commission a coal-handling facility at Visakhapatnam port by July 2012, a project that entails an investment
of about INR 6.75 bn. The coal berth would have a cargo handling facility of 10.18 million tonnes per annum.

Power & Power Equipment

• JSW Energy has successfully commissioned the third unit of the 300 MW project at its plant in Ratnagiri in Maharashtra. With this, the
present capacity of the plant has been ramped up to 900 MW.

Telecom
• The Telecom Ministry has issued a show cause notice to Idea Cellular for the Karnataka circle and Spice for the Andhra Pradesh circle
for cancellation of licences on account of a delay in network roll-out.

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Mutual Fund Insights

MFTrading Activity ( In Billions)
Scheme Update
11-May
Ø ICICI Prudential Mutual Fund has announced that in view of ICICI Prudential
Fixed Maturity Plan (FMP) - Series 51 - 14 Months Plan D maturing on May 18,
10-May
2011, the fund shall suspend the trading of units on the National Stock Exchange
of India with effect from May 13, 2011 onwards.
9-May

Ø Mutual Funds (MFs) made investments worth Rs 539.30 crore and sold off Rs
-15 -10 -5 0 5 10
395.80 crore worth of equities on May 11, 2011, according to data released by the
Debt Equity
Securities and Exchange Board of India (SEBI). Thus, MFs stood as net buyers of
Rs 143.50 crore in equities on that day In the month of May, MFs have made total
investments of Rs 4432.5996 crore and sold off Rs 3908.5002 crore worth of equities, FII Trading Activity ( In Billions)

so far. 13-May

12-May

11-May

10-May

9-May

-10 -5 0 5 10 15
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
11-May-11 5.39 3.96 1.44 26.20 21.38 4.82
10-May-11 4.57 3.21 1.36 17.52 30.01 -12.49
9-May-11 2.74 3.77 -1.03 18.87 29.37 -10.51

FII Activity
13-May-11 16.03 24.79 -8.77 12.75 11.55 1.20
12-May-11 23.74 21.30 2.44 2.39 8.00 -5.61
11-May-11 14.75 13.74 1.01 11.79 0.92 10.88
10-May-11 19.36 16.92 2.44 12.25 6.55 5.70
9-May-11 26.14 29.65 -3.51 4.23 3.78 0.45
Source: Accord Fintech

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New Fund Offers

Fund Opens Closes Structure Fund Manager Investment Objective Benchmark
To seek capital appreciation by investing in
equity and equity-related instruments listed in
India to the extent of at least 65% and in gold-
Open Mr. Srividhya
Sundaram Equity ETF up to 35%. Investment in overseas markets, S&P CNX Nifty /
4-May 16-May ended Rajesh / Mr. S.
Plus(G) if any, shall not exceed the permissible limit net Gold-India
Bharath
of existing usage of the mutual fund’s
entitlement. Exposure to overseas securities shall
also not exceed 35% of assets.
To generate returns through investments in debt
and money market instruments with a view to
Mr. Deepak
Close significantly reduce the interest rate risk. The Crisil Short-Term
Kotak FMP 47(G) 9-May 17-May Agrawal / Mr.
ended Scheme will invest in debt and money market Bond Fund Index
Abhishek Bisen
securities, maturing on or before maturity of the
scheme.
To generate income and / or capital appreciation
Close Mr. Murthy Crisil Short-Term
Tata FMP-34-B(G) 10-May 18-May by investing in wide range of Debt and Money
ended Nagarajan Bond Fund Index
Market instruments having maturity in line with
the maturity
To generate of the respective
regular returns schemes. The in a
by investing
ICICI Pru FMP-56-1Y- Close Mr. Chaitanya portfolio of fixed income securities/ debt Crisil Short-Term
10-May 18-May
F(G) ended Pande instruments maturing on or before the maturity Bond Fund Index
of the Plan under the Scheme..
To generate regular income by investing in debt
Close Mr. Kumaresh Crisil Short-Term
DWS FTF-82(G) 9-May 18-May and money market instruments maturing on or
ended Ramakrishnan Bond Fund Index
before the date of the maturity of the Scheme.
To generate income by investing in a portfolio of
Close Mr. Kaustubh Crisil Short-Term
Birla SL FTP-DB(G) 9-May 18-May fixed income securities maturing on or before the
ended Gupta Bond Fund Index
duration of the scheme.
To generate returns through investments in debt
and money market instruments with a view to
Mr. Deepak
Close significantly reduce the interest rate risk. The Crisil Short-Term
Kotak FMP 46(G) 9-May 19-May Agrawal / Mr.
ended Scheme will invest in debt and money market Bond Fund Index
Abhishek Bisen
securities, maturing on or before maturity of the
scheme assets.
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.
Source: Accord Fintech

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Weekly Recommendations (Equity & Hybrid)

NAV Absolute Return (In %) CAGR (In %) Expense
BETA ALPHA
Scheme Name (14 May 11) 1 Week 1 Month 1 Year Since Inception Ratio
ICICI Pru Dynamic(G) 107.66 0.45 -2.67 11.82 32.10 1.42 -0.03 1.84
Fidelity Equity(G) 34.97 0.10 -4.97 10.57 23.23 1.17 -0.01 1.85
ICICI Pru Discovery(G) 49.47 1.98 -0.42 11.02 26.76 1.10 -0.02 1.92
Category: Largecap
Franklin India Bluechip(G) 213.42 0.55 -4.05 11.25 25.29 1.20 -0.02 1.83
Principal Large Cap(G) 28.24 0.57 -3.88 7.46 20.76 1.14 0.00 2.27
DSPBR Top 100 Equity-Reg(G) 99.26 0.29 -3.36 9.26 32.39 1.15 -0.01 1.86
Category: Monthly Income Plans
Birla SL MIP(G) 26.55 0.10 -0.64 5.82 9.76 0.11 0.00 2.09
ICICI Pru Child Care Plan-Study Plan 29.57 0.41 -0.45 8.11 11.82 0.03 0.00 1.50
Tata MIP Plus(G) 15.97 0.18 -0.67 4.31 6.77 0.10 0.00 2.00
Category: Balanced Funds
Birla SL '95(G) 308.59 -2.24 -3.02 9.83 23.54 0.00 0.01 2.33
DSPBR Balanced(G) 65.36 -2.33 -2.59 7.51 17.01 0.01 0.01 2.05
Tata Balanced(G) 81.89 -2.40 -1.77 7.63 16.70 0.00 0.01 2.50

Weekly Recommendations (Debt)

NAV Absolute Return (In %) CAGR (In %) Average Modified Expense
YTM
Scheme Name (14 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) 17.00 0.16 0.68 7.04 6.91 8.87 51.10 51.10 0.14
Reliance FRF ST(G) 15.85 0.18 0.62 6.47 5.92 0.00 167.90 149.65 0.80
LICMF FRF-STP(G) 16.15 0.12 0.59 6.13 6.96 0.00 2.16 2.04 0.64
Category: Income - Long term
Birla SL Dynamic Bond-Ret(G) 16.48 0.11 0.31 5.44 7.84 9.30 547.50 547.50 0.79
ICICI Pru Income-Reg(G) 31.13 0.02 -0.31 2.90 9.20 9.14 1324.95 949.00 2.11
DSPBR Govt. Sec(G) 33.09 -0.03 -0.77 2.17 10.84 0.00 3766.80 2120.65 1.25
Category: Income - Short term
Kotak Bond-STP(G) 18.65 0.16 0.78 3.78 7.14 9.50 182.50 167.90 0.89
Templeton India ST Income(G) 1973.61 0.17 0.62 5.70 7.60 10.41 379.60 244.55 1.30
UTI ST Income(G) 16.91 0.22 0.87 6.77 6.89 0.00 635.10 0.00 0.59
Category:Ultra Short Term Fund
Templeton India Ultra-ST-Ret(G) 12.63 0.16 0.66 7.04 7.11 8.61 40.15 36.50 0.65
Kotak Floater-ST(G) 16.21 0.16 0.70 6.92 6.36 8.90 47.45 47.45 0.57
Tata Floater(G) 14.82 0.17 0.73 7.28 7.17 8.65 20.52 0.00 0.25
Category: Liquid
Templeton India TMA-Reg(G) 2426.39 0.15 0.64 6.51 7.03 8.23 40.15 36.50 0.85
SBI Magnum InstaCash-Cash(G) 21.98 0.15 0.65 6.95 6.79 7.98 18.25 18.25 0.30
Tata Liquid-RIP(G) 2263.38 0.16 0.67 6.54 6.64 8.88 16.44 0.00 0.65
Source: Accord Fintech

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 Saturday, May 14, 2011

Dividend Declaration
Scheme Name Category Record Date Gross Corporate Non-Corporate
FT India Cap Safety-5Yrs(AD) Hybrid 20-May-11 11.01 11.01 11.01
FT India CPO-5 Yrs(AD) Hybrid 20-May-11 7.48 7.48 7.48
ICICI Pru FMP-51-14M-D-Ret(D) Debt 18-May-11 3.38 3.38 3.38
ICICI Pru Qrtly Inv I-Inst(D) Debt 18-May-11 1.21 1.21 1.21
Source: Accord Fintech

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 Saturday, May 15, 2011

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