This is the latest sample report on TMP which is our most popular portfolio management services.

1. Portfolio Interim Update on November 9th 2012
Our key objective is to pick the right stocks at the right time by paying a fair price to
build a balanced portfolio which will enable us to outperform the markets and achieve
superior risk adjusted returns. We aspire to generate wealth by compounding money at a
healthy rate by spotting profit making opportunities in solid companies with strong
management which are available at a good discount to their intrinsic value.
‘s (TMP) – An Innovative Offline PMS

3. Portfolio companies of TMP
ONLY FOR EXISTING
MEMBERS OF TMP
TMP Returns = + 54.5 % Vs sensex returns = 12.3 %
equity exposure = 91.52% Cash Exposure = 8.48%
You can look into the Performance in this Tough Period from comparing this returns with that
on Start of the Year Jan 29, 2012,
“ Specialists in discovering Multibagger stocks “

6. Medium Term - Portfolio Guidance
• Accumulating Greaves Cotton & Bajaj Electricals :
We are in the process of accumulating Greaves Cotton & Bajaj Electricals in our Portfolio. We are
more inclined towards Greaves Cotton considering the void in Capital Goods and manufacturing sector
stocks in our Portfolio. Bajaj Electricals helps us to add exposure to the Consumer part of the economy. With
the environment bad, there are lot of bottom fishing that can be done in the markets. in this sector. Greaves
Cotton being a Quality Engine Manufacturer with High Return Ratios and decent valuations perfectly fits
our bill. Bajaj Electricals fills the slot of a steady Compounder.
• Looking into Persistent Systems & other IT Stocks :
Our research team has come out with good research reports Persistent Systems. We are evaluating the
suitability of these stocks to our portfolio. We would take call after a rational risk check on the portfolio
compared to the expected returns. IT Stocks is required as a play on the Global Economic recovery
combined with a hedge towards an unexpected Currency depreciation.
• Maintain the stock exposure to Mid-Cap Gems :
While our overall Portfolio Holding is at a respectable +92%, we still have enough cash to be deployed in
adding exposure to New Mid-Cap gems. Since, we run a Mid-Cap portfolio – we believe having a decent
amount of cash is a necessity to take advantage of Opportunities which will arise going forward.
We would also like to add certain high dividend yielding stocks in order to create a regular cash flow for
our investors. Balancing will also be done by adding stocks across sectors . Continuing with our bullishness
on select Mid-Cap stocks which can grow sustainably, we will increase allocation to them and thereby
maintain the overall Equity Allocation % around +92% consistently going forward.
“ Specialists in discovering Multibagger stocks “

7. TMP Connect
[For new members joined TMP]
New Members who has joined during last two months need
to replicate TMP Connect ONLY, Since they are joining in
between hence a replica of actual TMP is created for them.
“ Specialists in discovering Multibagger stocks “

8. Your TMP Connect [Only buy these stocks listed below]
Company Name Allocation (as a % of your total planned  Allocation % - If your
portfolio size) planned portfolio size is say
10 Lacs, you will be
Cera Sanitary ware 5% allocating Rs50K towards
ONLY FOR EXISTING
Arshiya International at
Arshiya International Ltd 4%
CMP which is 5%
MEMBERS OF TMP
Poly Medicure 4% allocation.
Sanghvi Movers 10%  Please follow “TMP
Update” which is released
Karur Vysya Bank 10% once a month for further
buying price range for all
Bajaj Electricals 8%
stocks in the portfolio.
DHFL 10%
 Stocks which are not there
HSIL 12% in this list, will slowly be
phased out of the main
Biocon 9% portfolio. Hence, don’t buy
them unless initiated.
Indiabulls Financials 9%
 Because of the fall in
Greaves Cotton 9% markets, new members
Cash 10% will be able to buy certain
stocks at better prices .
Total 100 %
“ Specialists in discovering Multibagger stocks “

9. TMP Update
[For existing members]
“ Specialists in discovering Multibagger stocks “

10. Existing TMP (as on November 9, 2012)
ONLY FOR EXISTING
MEMBERS OF TMP
“ Specialists in discovering Multibagger stocks “

11. Transactions in the Portfolio
“ Specialists in discovering Multibagger stocks “

12. Reshuffled TMP
ONLY FOR EXISTING
MEMBERS OF TMP
“ Specialists in discovering Multibagger stocks “

13. Summary of TMP
• Our Stock Exposure is currently above 90% of the overall Portfolio. Going forward, we would like to
maintain exposure at such High levels.
• The total number of stocks is at 11. We intend to run a fairly tight and balanced portfolio. Hence, we
would not like to add new stocks without proper replacement.
• During every significant fall, we shall be deploying cash pretty aggressively in fundamentally good
companies . We have sufficient cash to average down, if required.
• Incase of opportunities where risk-reward is very attractive than any of our existing portfolio stock, we
would take a rational decision to swap the current share with the new stock.
“ Specialists in discovering Multibagger stocks “

14. Notes/ Reasoning for Transactions in TMP
Buy Bajaj Electricals :
• One important thing about our Portfolio has been the low Exposure to Consumption stocks. While
we have indirect plays on Domestic consumption like Sanitary ware, Housing Finance, Glass etc in our
ONLY FOR EXISTING
portfolio – a direct play on discretionary spending has been missing. One of the important reasons for
MEMBERS OF TMP
the Low Exposure in this space has been the very high Valuations with which these stocks have been
trading. While they deserve a premium valuation for the Quality of business, such a huge Over valuation
doesn’t provide enough Margin of Safety to enter into those stocks.
Bajaj Electricals is one of the few consumer stocks which is still available at good valuations, primarily
because of a low margin B2B business attached to it. We believe that the consumer business which
contributes to over 70% of Topline and almost entire EBIDTA is as good as any FMCG stock. In fact this
business has ROCE’s in excess of 70% which is phenomenal. The E&P business of Bajaj Electricals has
been bleeding and performing very badly over the past few quarters which has taken sheen of its overall
performance. This allows Long Term Investor like us to accumulate the stock at attractive levels.
The company has Huge Moats in its business with a Dominant positioning in most of its product
categories. We believe the business has the potential to grow at 3X India’s GDP growth for many more
years which creates Huge opportunities for Share Holder value creation. Also addition of Bajaj Electricals
will help in adding a more Stable stock which will act as a counter-force to our stocks Investment Stocks
like Greaves Cotton and Sanghvi Movers. With Sales Growth + Margin Expansion + Valuation Re-rating,
we have a winner on our cards and do Invest into the Stock. For more, read the detailed Research Report.
“ Specialists in discovering Multibagger stocks “

15. Notes/ Reasoning for Transactions in TMP
Accumulate Greaves Cotton :
• In line with our guidance of accumulating more Greaves Cotton, we are adding a little more of the
stock to our portfolio. Greaves Cotton is earning most of its Revenues and profits from Automobile
ONLY FOR EXISTING
Engines. Hence it can be classified as an Auto Ancillary with strong Return Characteristics. Considering
MEMBERS OF TMP
that we are exiting an Auto Ancillary in ACGL, it makes more sense to accumulate more of this stock.
Moreover considering the Tri-Poly nature of Engines segment with strong Share Holder value creation
opportunities, we believe Greaves will provide better Risk-Adjusted returns to our portfolio. Greaves
Cotton will also be a play on Domestic Cyclical rebound apart from its Strong Business characteristics.
Exit – Automobile Corporation of Goa (ACGL) :
• Automobile Corporation of Goa is a stock which is being exited not because of any severe negative
factors, but only to make way for better stocks which will suit the Overall Portfolio better. While
ACGL still continues to be under-valued with a reasonable Dividend Yield, its Business Quality is
definitely less than that of a Greaves Cotton or a Bajaj Electricals. Hence, when these businesses are available
at Good Valuations – it makes more sense to take advantage of the opportunity and accumulate
these businesses. We also don’t want to diversify too much and hence intend to build a concentrated
portfolio with the required Risk Diversifications. So, its better to trade in this stocks for the other
Two. This move is also in our line with, Water your Flowers while you Cut your Weeds. To just point,
Weeds & Flowers are not based on Stock Performance but on the business Performance and its Quality.
“ Specialists in discovering Multibagger stocks “

16. Next Update - November 30, 2012
As mentioned in the previous reports, we would be giving regular update reports
at the end of each month. In addition to this, we would be buying/ selling stocks
whenever there is a good opportunity ( we expect to have a new Stock addition during
this Month at an appropriate time) and also keep you updated on the changes.
We would be providing the following in the this Month end report ,
• Quarterly Earnings Update of Portfolio Stocks.
• News Update on the companies and also price update of stocks.
“ Specialists in discovering Multibagger stocks “

17. Sit back and Relax while your Money works Hard for you !
A Fund which is backed
by the Best Equity
Research
A Fund which invests in
Strong secular growth
companies which will be
HBJ Capital Ventures LLP
the leaders of the Next
Bull Market ! - Your Partner in Wealth Creation
For additional Details, Call us +91-9886736791

19. THANK YOU
“ Specialists in discovering Multibagger stocks “