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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)
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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.
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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
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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%
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Saturday, November 26, 2011
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
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Saturday, November 26, 2011
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
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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.
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Saturday, November 26, 2011
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.
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Saturday, November 26, 2011
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.
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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
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Saturday, November 26, 2011
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
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Saturday, November 26, 2011
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.
Crisil Short-TeBond Fund Ind(Benchmark)
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.
Crisil Short-TeBond Fund Ind(Benchmark)
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.
Crisil Short-TeBond Fund Ind(Benchmark)
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.
Crisil Short-TeBond Fund Ind(Benchmark)
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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.
Crisil Short-TeBond Fund Ind(Benchmark)
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.
Crisil Short-TeBond Fund Ind(Benchmark)
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.
Crisil Liquid FuIndex(Benchmark)
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.
Crisil Short-TeBond Fund Ind(Benchmark)
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.
Crisil Short-TeBond Fund Ind(Benchmark)
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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.
Crisil Short-TeBond Fund Ind(Benchmark)
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.
Crisil Short-TeBond Fund Ind(Benchmark)
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.
Crisil Short-TeBond Fund Ind(Benchmark)
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).
Crisil Short-TeBond Fund Ind(Benchmark)
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.
Crisil Liquid FuIndex(Benchmark)
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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.
Crisil Short-TeBond Fund Ind(Benchmark)
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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Address:Wealth ManagementUnicon Financial Intermediaries Pvt. Ltd.
nd Floor, Vilco Center,Subhash Road, Mumbai 400054Ph: 022 30391556Email: [email protected]: www.unicon.in
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