Saturday, July 09, 2011

Headlines
(Global Economy) (Indian Economy) (Economic Calendar) (Global and Domestic Stock Markets) (Derivative Analysis) (Technical Analysis) Nifty June Futures closed at 5672.30 Nifty Support levels are at 5530-5470 and resistance 5740-5800. US unemployment inches up to 9.2%. Exports & Imports jumped 57% and 54% in May respectively.

(Weekly Recommendations) SYNDIBANK AND TATA POWER (Sector & Company Highlights) (MF Industry update)

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

Saturday, July 09, 2011 Global Economy

US payrolls for the month of June rose by 154,000 after a 54,000 increase in May, indicating the labour market maybe poised for a come-back in the second half of 2011. For the week, payrolls increased by 18,000, way lower than expected and the slowest since May 2010. The unemployment rate also climbed to 9.2%. UK retail prices rose 2.9% (YoY) in June after advancing 2.3% in May. However, the Bank of England will continue to keep interest rates at a record low to aid the recovery and guard against threats from the Greek crisis. The bank also held its bond purchase program at GBP 200 bn. Greece may receive as much as EUR 85 bn in new financing, including a contribution from private investors, in a second bailout aimed at preventing default and ending the euro-regions debt crisis. Euro-area nations and private investors will contribute 70% of that aid, with the International Monetary Fund offering the rest. The European Central Bank raised interest rates to the highest in more than two years to keep up its fight against inflation as the regions sovereign debt crisis persists. ECB increased the benchmark interest rate by 25 basis points to 1.5%. The prospect that Portugals eight- week-old rescue may fail to fix its finances sent bonds of debt- strapped euro governments lower after Moodys Investors Service cut the nations credit rating to junk. Moodys slashed Portugal four levels to Ba2 from Baa1 with a negative outlook. The decision came after Portugal got an EUR 78 billion-aid package and before sale of EUR 1 bn of treasury bills. Chinas non-manufacturing industries dropped to 57 in June from 61.9 in the previous month as measured by the purchasing managers index, its slowest expansion pace in four months. The countrys central bank also raised interest rates by 25 bps. The deposit rate now stands at 3.5% while the lending rate stands at 6.56%. Japans current account surplus narrowed to JPY 590.7 bn (51.7% decline) in May. This was less than forecasted and maybe a sign that the economy may be overcoming damage from the steep decline in exports after the earthquake.

Global Economic Indicators (As on July 7, 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 -680.9

+2.5 +5.2 +2.7 9.9 -0.4 -32.6

-1.0 -5.9 +0.3 4.5 +2.4 +61.0

+1.6 -1.1 +4.5 7.7 -1.8 -153.1

+9.7 +13.3 +5.5 6.1 +3.6 +172.5

+4.2 -1.3 +6.6 6.4 -2.7 +25.3

+4.1 +4.1 +9.4 6.4 +4.8 +163.4

Commodities and Currencies

Crude Oil for August delivery gained 1.3% this week to settle at USD 96.20 a barrel on the NYMEX after most of its weekly gains were paired due to the dismal jobs data in the US on Friday. Copper for September delivery gained 2.5% this week to USD 4.412 a pound on the COMEX. The US Dollar declined 0.2% for the week to close at JPY 81.25 on the back of the dismal jobs data in the US.

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Saturday, July 09, 2011 Indian Economy

Exports jumped 57% in May to USD 25.94 bn compared to USD 16.53 bn in the same month last year. Import growth too surged to a four year high by 54% during the month to USD 40.9 bn compared to USD 26.55 bn YoY. High levels of trade deficit could result in unsustainable levels of current account deficit putting a strain on the country's foreign exchange position. Manufacturing, as measured by the HSBC and Markit Economics Purchasing Managers Index, fell to 55.3 in June from 57.5 in May. A number above 50 indicates expansion. The growth was the slowest in nine months and is showing signs of slowing down as the central bank raised interest rates yet again in June. Foreign direct investment (FDI) flows into India in May more than doubled to about USD 4.7 bn from the same period a year ago. FDI flows into India during the April May period were up an annual 77% at about USD 7.8 bn. Activity in India's services sector rebounded in June from a 20 month low as new orders flowed in with renewed vigour and input costs climbed at a slower pace, a survey showed. The seasonally adjusted HSBC India Services Purchasing Managers Index (PMI), compiled by Markit, rose to 56.1 in June. The index, which is based on a survey of 350 companies, was at 55.0 in May. India's monsoon rains were 0.25% below normal in the week to July 6, slowing from the 10% above average rains in the previous week. The slowing rains reflect a weakness in the monsoon over rice, cotton and oilseeds growing areas of east, west and central India. But the weekly rains were above normal over the cotton and rice growing areas of southern Andhra Pradesh state. India's June September monsoon rains are crucial to crop production in 60% of the country.

Indian Debt Markets

India raised INR 120 bn selling bonds maturing in 2017 (INR 30 bn, 8.07% at a yield of 8.3805%) 2022 (INR 60 bn, 8.13% at a yield of 8.4816%) and 2027 (INR 30 bn, 8.28% at a yield of 8.6248%). The yield on the benchmark 7.8% 2021 bond closed flat at 8.35% for the week. The 8.08% 2022 (8.46%)and the 8.13% 2022 (8.47%) bonds both closed flat at 8.46% and 8.47% respectively for the week.

Indian Currency Movement

The rupee completed a second weekly gain as it appreciated 0.6% for the week to close at 44.33, after food inflation came in at 7.61%, the lowest since May 7. Also foreign fund buying to the tune of USD 523 mn supported the rupee.

Headline Inflation b y WPI (Ma y11) 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 8, 2011) Current USD GBP Euro Yen 44.33 70.74 63.65 54.55 1 Week Change Weekly 1 Year 46.68 70.79 58.29 53.03 8.42% 8.08% Change Annual -5.03% -0.07% 9.20% 2.87%

Annualized Rate (Last Month) 8.66%

9.06% Internals 11.30% 12.32% 7.27%

12.05% 13.32% 6.18%

44.59 -0.58% 71.75 -1.41% 64.80 -1.77% 55.33 -1.41% Debt Market Yields

10 year Gilt 1 Year Gilt

Source: CCIL

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

Saturday, July 09, 2011

1700 1600 1500 1400 Gold ($/OZ) 1300 1200 1100 1000 900 800 Jul-10 Aug-10 Sep-10

55 50 45 40 35 30 25 20 Silver ($/OZ)

390 110 380 370 360 90 350 340 80 330 320 310 60 Jul-10 Aug-10 Oct-10 Nov-10 Dec-10 Feb-11 Mar-11 Apr-11 Jun-11 300

100 Price (USD)

70
15 10 Nov-10 Dec-10 Silver Feb-11 Gold Mar-11 Apr-11 Jun-11

Inventory

Crude Oil

1.55 1.5 1.45 1.4 USD / EUR 1.35

Currencies

1.8 1.75

0.013 0.0125

Currencies

1.15 1.1 1.05

1.7 1.65

0.012
USD / GBP

1 USD / JPY 0.95 0.9 0.85 0.0105 0.8 0.01 0.0095 Jul-10 Aug-10 Sep-10 Nov-10 Dec-10 Feb-11 Mar-11 Apr-11 Jun-11 0.75 0.7 USD / AUD 0.0115 0.011

1.6 1.3 1.55 1.5 1.45 1.4 Aug-10 Sep-10 Nov-10 Dec-10 Feb-11 Mar-11 Apr-11 Jun-11

1.25 1.2 1.15 1.1 Jul-10

USD / EUR

USD / GBP

Economic Calendar
India Date 12-Jul 14-Jul 14-Jul 14-Jul 14-Jul Event Industrial Production (YoY) Monthly Wholesale Prices (YoY) Food Articles WPI YoY Fuel Power Light WPI YoY Primary Articles WPI YoY Period MAY JUN 02-Jul 02-Jul 02-Jul Prior 6.3% 9.06% 7.61% 12.67% 11.56% US Date 12-Jul 12-Jul 13-Jul 14-Jul 14-Jul 14-Jul 14-Jul 14-Jul 15-Jul 15-Jul 15-Jul 15-Jul Event Trade Balance Fed FOMC Meeting Minutes Import Price Index (YoY) Producer Price Index (YoY) Advance Retail Sales Initial Jobless Claims Continuing Claims Business Inventories Consumer Price Index (YoY) Empire Manufacturing Industrial Production U. of Michigan Confidence Period MAY JUN JUN JUN 09-Jul 02-Jul MAY JUN JUN JUN JUL P Prior -$43.7B 12.5% 7.3% -0.2% 9.1% 0.8% 0.8% 3.6% -7.79 0.1% $6.25B

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

Inventory

(Million Barrels)

Gold / Silver (Spot)

120

Crude Oil

400

Saturday, July 09, 2011

Ke y Indices (Global) Close Dow Jones NASDAQ S&P 500 FTSE DAX Hang Seng Nik kei-225 12,657.2 2,859.8 1,343.8 5,990.6 7,402.7 22726.43 10,137.7 Ke y Indices (Indian) Indices BSE SENSEX NSE NIFTY BSE MIDCAP BSE SMALL CAP Close 18,858.0 5,660.7 6,996.3 8,375.1 % Change (Week) 0.5% 0.6% 1.4% 1.8% % Change (W eek ) 0.6% 1.6% 0.3% 0.0% -0.2% 1.47% 2.7%

Global and Domestic Stock Markets

Global
Global markets ended higher amid concerns over Greece and Portugal debt crisis. The S&P 500, Dow Jones were little changed, while Nasdaq ended higher with 1.6% gains. European markets traded with little gains. Asian markets continued to see FII inflows in this week also, with Hangseng gaining 1.47%, and Nikkei gaining 2.7%. In the commodities market, NYMEX Crude traded higher around $96 levels and Gold traded lower near $1545 levels. On the economic front, the job reports suggested that employers hired only 18,000 workers in June. The unemployment rate rose in June to 9.2%. US Data to watch next week: Trade Balance, Import Price Index, Minutes of FOMC Meeting, Monthly Budget Statement, Producer Price Index, Advance Retail Sales, Initial Jobless Claims, Business Inventories, Consumer Price Index.

Domestic Performance of Sectoral Indices

Indian markets edged marginally higher on weekly basis with FII remaining bullish on the Indian markets. Nifty and Sensex gained 0.5% and 0.6% respectively. BSE Midcap and Smallcap ended 1.4% and 1.8% respectively. Among the BSE sectoral indices Realty (+7.1%), CD (+4.1%), Auto (+3.6%), HC (0.9%) gained, while Metals (-1.2%) ended down. On the BSE100 index, Unitech, United Spirits gained, while LIC Housing, Coal India ended negative. DIIs were net sellers while FIIs were net buyers in the cash market. Data to watch next week: industrial Production YoY, Monthly Wholesale Prices, YoY&, Food Articles WPI YoY, Fuel Power Light WPI YoY, Primary Articles WPI YoY.

Sectoral Indices BSE AUTO BSE METALS BSE BANKEX BSE IT 9,101.5 14,963.8 12,920.4 6,199.2 Weekl y Gainers (BSE100) Unitech United Spirits 36.55 1077.3 11.9% 9.9% 3.6% -1.2% 0.5% 0.8%

Weekl y Losers (BSE100) LIC Housing Finance Coal India 216.7 362 -9.7% -5.7%

Outlook
Indian markets gained steadily over the week on continuous FII buying. Some selloff in Metal and Mining counters was seen on Friday as the new Mining Bill proposed profit sharing with people affected by their projects. Food inflation also fell for the week. Silver rose above the crucial support level of 50,000. On the derivatives front, put writing is seen at 5400-5500 and call writing is seen at 5700-5800, suggesting 5400-5800 to the trading zone for the short term. Last week saw good gains in sugar stocks. Agrochemical stocks are likely to see some upsides. Metal and Mining stocks should be avoided in short term. With FIIs remaining bullish on Indian Markets, the markets are likely to consolidate in short term. Cash based buying is seen in midcap and smallcap stocks. IIP data would be keenly watched in the coming week which would give further direction to markets.

Weekl y Turnover (in INR Bn) BSE NSE CASH NSE F&O 152.3 548.9 3944.4

Institutional Activit y in INR Bn (Weekl y) Institutions FIIs DIIs Net Inflow 35.6 -18.9

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

Saturday, July 09, 2011 Derivative Analysis

OI Analysis
Call Option Put Option

Market Snapshot Nifty July Futures closed at 5672.30 (Premium of 1.65 over the Nifty spot) Open interest Nifty FUTIDX (Expiry 28 July): 22.45 mn. Open interest BankNifty FUTIDX (Expiry 28 July): 1.02 mn. India VIX for the week ended at 18.67, up 0.46 from previous weeks close (18.21). In the week VIX touched low of 17.35 and high of 18.79. Weekly Open Interest Analysis (Nifty Option)

1 0,000,000 9,000,000 8,000,000 7,000,000

OI

6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1 ,000,000 5200 5300 5500 5000 5700 51 00 6000 5400 5600 5800 5900

Across all expiries, open interest is highest at the 5700, 5600, 5800 call options, while open interest in the put options is highest at 5300, 5000, 5400 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 2,500,000

Call Option Put Option

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

OI-Change

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

Top 5 Price Gainers

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

Strike

Cement CapitalGoods IT

UNITECH CESC MCDOWELL-N TATAMTRDVR TTML Top 5 Price Losers

SCRIPS

11.94% 10.40% 9.69% 9.94% 8.92%

10.94% 10.40% 9.65% 9.56% 9.16%

425.53% -7.64% 69.44% -49.00% 7.84%

215.25% 573.97% 175.12% 311.13% 384.82%

-3.81% 48.10% -1.60% 2.99% 12.57%

Sectors

Pharma Auto Metal&Mining Oil&Gas Realty Bank Power -1 00% 1 00% 400% 1 50% 200% 300% 250% 350% -50% 50% 0%

% Change - Price Cash Future

%Change - Volume Cash Future

% Change in OI

% Change in OI

SUNTV ORCHIDCHEM LICHSGFIN GTL GESHIP

-11.60% -8.15% -9.92% -6.79% -4.27%

-11.33% -8.64% -8.57% -7.05% -4.70%

23.33% 2359.94% 719.75% -43.80% 134.51%

103.56% 1015.52% 116.94% -72.47% 12.46%

41.91% -19.36% 40.31% -2.39% 72.26%

Nifty PC Ratio
1.4 1.3 1.2 PCR 1.1 1 0.9 0.8 0.7 4-Jul 5-Jul 6-Jul 7-Jul Date 8-Jul

Top 10 Volume Gainers

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

ORCHIDCHEM SIEMENS ABB ABIRLANUVO DCB ESSAROIL CESC INDUSINDBK TTML HINDZINC

-8.15% 2.50% -0.75% -0.06% 4.59% 5.19% 10.40% 4.55% 8.92% -3.96%

-19.36% 55.27% 6.00% 5.02% 37.09% 14.98% 48.10% -7.31% 12.57% 23.49%

1015.52% 895.15% 657.51% 648.81% 596.26% 581.54% 573.97% 434.07% 384.82% 382.93%

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

Saturday, July 09, 2011

Technical Analysis

(Source Iris) Conclusion Last week Nifty shut on a marginal positive note @ 5660.65 and up by 33.50 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 5679.55 and made a low of 5610.75 and made a high of 5740.40 then finally closed positive at 5660.65. Stochastics and the RSI are slightly oversold signaling that selling pressure at resistance levels are possible short-term. The close below the 200 day moving average (5743) indicates the short term trend could be turning sideways to negative. Stochastics trending lower at midrange will tend to reinforce a move lower especially if resistance levels are taken out. The market setup is somewhat sideways trend with trading range between 5470-5750. The next area of resistance is around 5750-5800. So Nifty appears to be sideways trading on weekly chart having supports at 5530-5470 levels. For short term trading long positions, stop loss of 5550 is advisable. Weekly Nifty has resistance at 5740-5800 and supports at 5470-5530. Weekly Sensex has resistance at 18440-18222 and supports at 19075-19200. Weekly Bank Nifty has resistance at 11025-10890 and supports at 11430-11500.

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

Saturday, July 09, 2011

SYNDICATE BANK LTP 118.75 View: Positive Oscillators Analysis: Stochastics and RSI are positive crossover and are in oversold territory on weekly chart reading, which indicate positive sentiment in stock momentum with decent volume support. Pattern Analysis: A clear bullish hammer pattern and support zone at 116, which indicates stock may upside till resistance level, is a confirmation of a trend in that direction. Technical Analysis: SYNDIBANK Ltd has bullish candle stick formation on weekly chart with decent volume support. Stock has closed strong above at multiple supports at 116-114 levels. Weekly stocastics 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 moving average support at 116 on weekly chart basis. The next area of resistance is around 132-138, while 1st support hits at 116 and below there at 114. It is also heading towards resistance zone at 132.00. We recommended the stock initially above at 122 and declines till 117-116 with stop loss at 110 (closing basis) for a target of Rs. 132-138.

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

Saturday, July 09, 2011

Tata Power Limited

LTP 1290.65 View: Positive Oscillators Analysis: Stochastics and RSI are highly over bought territory and negative crossover from higher levels on daily chart reading, which indicates negative sentiment in stock momentum. Pattern Analysis: A clear bearish pattern and trend line resistance at 1326.00, which indicates stock downside, is a confirmation of a trend in that direction with volume support. Technical Analysis: On Weekly chart Tata Power has been trading below resistance zone at 1326 and below long term moving average (200 DMA) at 1300 levels, which indicates negative sentiment in short term trading and strong selling pressure around resistance zone at Rs.1300-1310, we expect the momentum to continue till multiple support at 1225 on the downside targets. And any genuine rise should see in stock price around resistance at 1310, which should be used as a selling opportunity for the potential target 1225.00. We recommended the stock at market and in the range 1300-1310, with stop loss below at 1330(on closing basis) for a target of Rs. 1225.00.

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

Saturday, July 09, 2011

Sector & Company Highlights

Automobiles & Auto Ancillaries
Maruti Suzuki has stopped the production of the Swift from the end of last month as it will launch the new version in August.

Information Technology
Tech Mahindra Ltd. has bagged a contract from Microsoft to set up a laboratory for video encoders used in deployment of IPTV solutions in the latters media-room. British Telecom will continue to hold its stake (24.4%) in Tech Mahindra Ltd. for the time being. NIIT Ltd. will partner with technology giant IBM to offer experiential learning to students.

FMCG
Britannia Industries Ltd. is planning a total investment of INR 2 bn in FY12 for setting up two plans in Orissa & Bihar. It is also in the process of reviewing the pricing structure of its products in view of the sharp increase in input costs. Emami Ltd. is gearing up for a major expansion in the healthcare products category with plans to enter the neutraceutical business besides expanding its pharmacy chain in the country.

Metals & Mining

The government gave the nod for state-owned MMTC to extend its long-term agreements for supply of iron ore to Japanese Steel Mills (JSMs), South Korean steel giant Posco and Chinese steel mills for three years till 2014. Under the agreement, MMTC is supplying iron ore (lumps and fines) of grade (plus) 64 Fe, or high grade content, to Japanese, Korean and Chinese steel mills. JSW Steel is all set to become the country's largest steel maker , dislodging state-run SAIL, with the commissioning of 3.2 mn tonnes blast furnace at its Vijayanagar plant in Karnataka by mid-July. After the new capacity addition, JSW will be able to produce 14.3 mn tonnes per annum (MTPA) steel, 0.7 mn tonnes more than the Steel Authority of India (SAIL).

Infrastructure
The National Highways Authority of India has shortlisted 114 highway construction companies and developers in the annual technical qualification (valid till Dec11). The shortlisted companies will be able to directly put in financial bids for the particular price bracket they have qualified for, without having to go in for the technical round. Positive, as this would speed up project award activities. ARSS Infrastructure Projects Ltd has secured a new work order for construction of road worth INR 246Mn. Positive as it improves the revenue visibility of the company. Man Infra got order worth INR 1bn, Positive as it improves the revenue visibility of the company. KNR Constructions has received an order worth INR 5.8bn from the Sadbhav Engineering for rehabilitation and up gradation of two lane roads in Maharashtra and Madhya Pradesh. Positive, as it improves the revenue visibility of the company. Texmaco Rail & Engineering Ltd is expected to firm up multiple JVs with foreign partners within the next six months to manufacture railwayrelated products and infrastructure. Positive, as this would lead to incremental business and gear up the company to capture new orders from Indian Railway to modernize laters infrastructure, including freight cars and coaches using state-of-the-art technologies and materials other than conventional steel.

Oil & Gas

Oil and Natural Gas Corporation is all set to start production of natural gas and oil from its offshore blocks, G1 and GS15, in the KG basin by month end. Positive, as this would lead to incremental revenue.

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

Saturday, July 09, 2011

Mutual Fund Insights

Scheme Update
Mutual Funds (MFs) made investments worth Rs 440.40 crore and sold off Rs 345.30 crore worth of equities on July 6, 2011, according to data released by the Securities and Exchange Board of India (SEBI). Thus, MFs stood as net buyers of Rs 95.10 crore in equities on that day. In the month of July, MFs have made total investments of Rs 1970.50 crore and sold off Rs 1891.20 crore worth of equities, so far.

-1-4-

JPMorgan Mutual Fund has decided to revise the exit load structure for both Retail and Institutional Plan under JPMorgan India Active Bond Fund with effect from July 7, 2011. Accordingly, the exit load charge will be 0.50% for any amount if redeemed within three months of allotment of units.

Source: Accord Fintech

Weekly Activity
Date Mutual Fund Activity
07-Jul-2011 06-Jul-2011 05-Jul-2011 04-Jul-2011 7.84 4.40 3.63 5.95 6.12 3.45 4.64 4.83 1.72 0.95 -1.01 1.13 56.23 16.18 48.18 91.74 18.15 17.43 20.21 36.68 38.09 -1.25 27.97 55.06

Purchase

Equity (INR in Bn) Net Purchase Sales /Sales

Purchase

Debt (INR in Bn) Net Purchase Sales /Sales

FII Activity
08-Jul-2011 07-Jul-2011 06-Jul-2011 05-Jul-2011 04-Jul-2011 Source: Accord Fintech 28.49 21.16 26.62 28.39 80.03 20.99 18.35 18.01 16.54 53.26 7.50 2.81 8.61 11.85 26.77 8.07 30.53 14.16 12.36 10.22 5.05 6.68 9.97 15.55 31.03 3.02 23.85 4.20 -3.19 -20.81

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

Saturday, July 09, 2011

New Fund Offers
Fund Birla SL FTPDE(G) Reliance FHF-XIX21(G) Opens 08-Jul Closes 11-Jul Structure Close ended Close ended Fund Manager Mr. Kaustubh Gupta Mr. Nitish Sikand Investment Objective 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 a portfolio of debt and money market instruments maturing on or before the date of maturity of the Scheme. To generate income and / or capital appreciation by investing in wide range of Debt and Money Market instruments having maturity in line with the maturity of the scheme. The maturity of all investments shall be equal to or less than the maturity of respective scheme. By investing predominantly in wide range of Debt and Money Market instruments that is maturing on or before the maturity of the respective scheme. To attain capital appreciation, the scheme will invest small portion in equity/ equity related instruments. To achieve growth of capital through investments made in a basket of debt/ fixed income securities maturing on or before 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 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 provide regular income, liquidity and returns to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. 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 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. before maturity of the scheme. Benchmark Crisil Short-Term Bond Fund Index Crisil Short-Term Bond Fund Index

27-Jun

11-Jul

Tata FMP-32(G)

27-Jun

11-Jul

Close ended

Mr.Murthy Nagarajan

Crisil Short-Term Bond Fund Index

Tata FTF-2-A(G)

27-Jun

11-Jul

Close ended

Mr. Murthy Nagarajan, Mr. Bhupinder Sethi Mr. Richa Sharma / Mr. Hareshwar Karekar Mr. Manish Joshi / Mr. Amandeep Singh Chopra Mr. Bharat Pareek / Mr. Miten Lathia

Crisil MIP Blended Index

L&T FMP-IV (June367D)-A(G)

29-Jun

11-Jul

Close ended

Crisil Short-Term Bond Fund Index

UTI FTIF-X-I(252D)(G)

06-Jul

11-Jul

Close ended

Crisil Short-Term Bond Fund Index

HDFC FMP-XVIII370D-July 2011(2)(G)

07-Jul

11-Jul

Close ended

Crisil Short-Term Bond Fund Index

SBI DFS-367D-3(G)

08-Jul

12-Jul

Close ended

Mr. Rajeev Radhakrishnan

Crisil Short-Term Bond Fund Index

DSPBR FMP-33M(G)

04-Jul

12-Jul

Close ended

Mr. Dhawal Dalal

Crisil Liquid Fund Index

DSPBR FMP 6M9(G)

05-Jul

12-Jul

Close ended

Mr. Dhawal Dalal

Crisil Short-Term Bond Fund Index

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

Saturday, July 09, 2011

New Fund Offers
Fund Opens Closes Structure Fund Manager Mr. Manish Joshi / Mr. Amandeep Singh Chopra Investment Objective 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 generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. 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 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. The securities would mature on or before the maturity of the Plan under the scheme. To provide returns that closely corresponds to the total returns of securities as represented by S&P CNX Nifty, subject to tracking errors. Benchmark

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

07-Jul

13-Jul

Close ended

Crisil Short-Term Bond Fund Index

IDFC FMP-YS-44(G)

08-Jul

13-Jul

Close ended

Mr. Anupam Joshi

Crisil Short-Term Bond Fund Index

DSPBR FMP 12M25-(G)

05-Jul

13-Jul

Close ended

Mr. Dhawal Dalal

Crisil Short-Term Bond Fund Index

ICICI Pru CPO-III36M(G)

01-Jul

15-Jul

Close ended

Mr. Mrinal Singh / Mr. Chaitanya Pande

Crisil MIP Blended Index

Birla SL Nifty ETF

Source: Accord Fintech

04-Jul

18-Jul

Open ended

Mr. Satyabrata Mohanty

S&P CNX Nifty

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

Saturday, July 09, 2011

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

CAGR (In %) Since Inception

31.63 23.02 26.12

1 Week
1.02 0.26 1.85

1 Month
1.65 1.90 1.00

1 Year
9.07 7.39 6.93

BETA
0.63 0.80 0.68

ALPHA
0.01 0.00 0.00

Expense Ratio
1.81 1.84 1.91

108.95 35.74 49.54

Category: Largecap
Franklin India Bluechip(G) Principal Large Cap(G) DSPBR Top 100 Equity-Reg(G) 217.60 28.58 102.50 0.60 0.63 0.69 1.82 1.67 2.89 10.23 4.12 8.51 25.18 20.40 32.21 0.78 0.84 0.80 0.01 -0.01 0.01 1.83 2.28 1.85

Category: Monthly Income Plans

Birla SL MIP(G) ICICI Pru Child Care Plan-Study Plan Tata MIP Plus(G) 26.96 30.16 16.29 0.37 0.48 0.50 1.20 1.34 1.59 6.22 8.36 4.21 9.77 11.85 6.91 0.12 0.10 0.29 0.00 0.01 0.00 2.09 1.50 2.00

Category: Balanced Funds

Birla SL '95(G) DSPBR Balanced(G) Tata Balanced(G) 315.61 67.29 84.71 0.35 1.01 0.61 1.91 2.30 2.33 7.64 6.41 7.14 23.43 17.03 16.76 0.34 0.38 0.49 0.01 0.01 0.01 2.31 2.09 2.34

Weekly Recommendations (Debt)

Absolute Return (In %) NAV Scheme Name Category: Floating Rate
Birla SL FRF-LT(G) Reliance FRF ST(G) LICMF FRF-STP(G)
(09 Jul 11)

CAGR (In %) Since Inception

6.96 5.97 6.96

1 Week
0.17 0.17 0.12

1 Month
0.79 0.79 0.53

1 Year
7.73 7.10 6.38

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 0.61

17.24 16.05 16.32

Category: Income - Long term

Birla SL Dynamic Bond-Ret(G) ICICI Pru Income-Reg(G) DSPBR Govt. Sec(G) 16.79 31.47 33.30 0.36 0.27 0.00 1.38 0.92 -0.01 6.63 3.52 1.74 7.96 9.22 10.75 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

Kotak Bond-STP(G) Templeton India ST Income(G) UTI ST Income(G) 18.93 2004.34 17.17 0.18 0.11 0.24 0.89 0.99 1.21 4.71 6.43 7.61 7.19 7.65 6.96 0.00 10.09 0.00 273.75 416.10 635.10 0.00 310.25 0.00 0.89 1.30 0.59

Category:Ultra Short Term Fund

Templeton India Ultra-ST-Ret(G) Kotak Floater-ST(G) Tata Floater(G) 12.80 16.42 15.02 0.21 0.20 0.20 0.74 0.72 0.74 7.64 7.65 7.91 7.20 6.41 7.22 8.81 9.10 9.07 29.20 25.55 79.80 29.20 25.55 0.00 0.65 0.57 0.25

Category: Liquid
Templeton India TMA-Reg(G) SBI Magnum InstaCash-Cash(G) Tata Liquid-RIP(G) Source: Accord Fintech 2457.52 22.27 2292.18 0.15 0.17 0.16 0.70 0.71 0.68 7.20 7.51 7.17 7.05 6.82 6.66 8.73 8.16 8.55 36.50 18.25 63.30 32.85 18.25 0.00 0.85 0.35 0.65

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

Saturday, July 09, 2011 Dividend Declaration

Dividend Declaration (in %) Scheme Name
DWS FTF-73-Reg(D) DWS FTF-78-(D) DWS FTF-80-(D) DWS FTF-81-(D) ICICI Pru FMP-53-6M-A(D) Tata Equity P/E(Div Trig Opt A-5%) Source: Accord Fintech

Category
Debt Debt Debt Debt Debt Equity

Record Date
11-Jul-2011 11-Jul-2011 11-Jul-2011 11-Jul-2011 12-Jul-2011 11-Jul-2011

Gross
1.50 1.50 1.50 1.50 0.80 15.00

Corporate
1.50 1.50 1.50 1.50 0.80 15.00

Non-Corporate
1.50 1.50 1.50 1.50 0.80 15.00

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

Saturday, July 09, 2011

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