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Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
Recommended Funds- Performance Update
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Recommended Funds- Performance Update

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Performance review of our Recommended Funds for H1 2011.

Performance review of our Recommended Funds for H1 2011.

Published in: Economy & Finance, Business
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  • 1. Recommended Funds- Performance Update Prepared by: iFAST Research Team
  • 2. Dear InvestorsOn the day of releasing our performance on Recommended Funds, there has been a bloodbath on Dalal Street withSensex and Nifty loosing ~371 points and 112 points respectively. Global uncertainties and domestic worries havecreated a panic on the street as a result of which investors are rushing to sell their investments. At this juncture wewould advise all our investors to maintain calm and instead of following the herd, stay invested in their existingportfolios. They can even think of entering markets either through the SIP route or via lump sum investmentswhenever there is a dip. Investors are often shocked and cannot believe that we actually want them to enter themarkets during such volatility. Our reply to all of them is that the India growth story is intact and the volatility is onlyshort-term. We believe it is always better to enter the markets whenever there is downtrend rather than park moneywhen market is at its peak.Our recommended funds were first introduced in June 2009 and underwent a review four times, the last being inDecember 2010. Since Jan 2011, we have decided to review our recommended funds on a yearly basis, however, wewill keep a track of the same every six months. It is in this scenario that we have decided to release a reportshowcasing how our recommended funds have performed in the first half of 2011.We hope that you find this information useful and would appreciate your feedback on the same.Happy Investing!India Research Desk
  • 3. Market Update
  • 4. EquityIn the first half of 2011 i.e. from January 2011 to June 2011, the equity markets performance has been negative. Only twosectoral indices i.e. FMCG and Consumer Durables represented by BSE FMCG Index and BSE Consumer Durables Index havegiven positive returns. All the broad indices have given negative returns exceeding 5%. BSE SENSEX and NIFTY have given -8.11%and -7.94% returns. Real estate companies have lost the most during the first half. The BSE Real Estate index has lost close to30% in the first six months of the year. Indices on Midcap, Small Cap, IT, Power, Auto, Metal and Real estate have given doubledigit negative returns in the first half of 2011. Domestic Indices (Returns) Sectoral Indices (Returns) 0.00% 12.00% 8.00% BSE Small Cap S&P CNX Nifty BSE Sensex BSE Midcap -2.00% 4.00% -4.00% 0.00% -6.00% -4.00% BSE Health Care BSE TECk BSE Power BSE PSU BSE AUTO BSE IT BSE Realty BSE Capital Goods BSE FMCG BSE BANKEX BSE METAL BSE OIL & GAS BSE Consumer Durables -8.00% -8.00% -10.00% -12.00% -16.00% -12.00% -20.00% -14.00% -24.00% -16.00% -28.00% -32.00% -18.00%The negative returns are influenced both by domestic and global factors. From a domestic perspective, the rate hikes by RB I hasforced the banks to increase their lending rates, this has negatively affected the demand for products from real estate and autosector. A decline in the auto sector and real estate also leads to a lower demand for metal products and thus, the metal sector isalso negatively impacted. From a global perspective, the uncertainty of solvency of many European countries and even animpending ratings downgrade for the US has led to the negative performance not only in India but also in many emergingcountries.As, RBI has communicated that the rate hikes will continue until there is some level of moderation in inflation, the outlook forsecond half looks bleak as the banks will be forced to increase the lending rates. This can lead to lower level of economicactivity; even the Prime Minister’s Economic Advisory Council (PMEAC) has lowered the GDP growth rate of 2011-12 from 8.5%to 8.2%. This in turn, can lead to some correction in the equity markets.However, for investors who have a long time horizon, this would be the suitable period to enter into the equity market as weexpect the market to give good returns in the future.
  • 5. Debt 10 Year Gsec Curve 8.6 8.5 8.4 8.3 8.2 8.1 8 7.9 7.8 7.7 7.6 31-Dec-10 14-Jan-11 28-Jan-11 11-Mar-11 25-Mar-11 6-May-11 20-May-11 8-Apr-11 22-Apr-11 3-Jun-11 17-Jun-11 25-Feb-11 11-Feb-11 YieldsIn the first half of 2011 i.e. from January 2011 to June 2011, the yields in the debt markets performance were on a rising trend.The 10 year benchmark yield has increased from 7.92% on 31 December 2010 to 8.33% on 30 June 2011, thanks to the RBI’s ratehike in every quarter and mid quarter policy meets in the first half. Even the liquidity condition in the system has been in thenegative mode. However, the liquidity situation has improved slightly in the first half of 2011.With the inflation still over 9%, the RBI has reiterated that it will continue hiking rates until there is some sort of moderation inthe level of inflation. So for much part of H2 of 2011, we can expect rate hikes.In this scenario, we advise: Investors with a time horizon anywhere from 3 months to 24 months can lock-in their money in FMPs (available with varying maturities) at the prevailing high rates Investors with idle cash in the savings account should look at Ultra-Short Term Funds. The Recommended Funds in this category include DWS Ultra Short Term Fund and Birla Sun-life Ultra short term Fund. The investment horizon that we suggest for such instruments is 1 month-3 months Investors with a time horizon between 6 - 12 months should consider Short-Term Funds. The Recommended Funds in this category include Reliance Short Term Fund and Templeton India Short Term Fund
  • 6. Mutual Funds Update
  • 7. MF Industry Trends Top Five AMCs - By Absolute Change in Assets (Dec 2010- June 2011) Absolute Change in Assets (INR in Crores) % Change in Assets ICICI Prudential Mutual Fund 13980.31 21.22% IDFC Mutual Fund 10427.52 57.45% Birla Sun Life Mutual Fund 9780.71 16.94% Kotak Mahindra Mutual Fund 6524.98 23.61% SBI Mutual Fund 6376.60 15.37% Bottom Five AMCs - By Absolute Change in Assets (Dec 2010- June 2011) Absolute Change in Assets (INR in Crores) % Change in Assets PRINCIPAL Mutual Fund -330.80 -5.74% JM Financial Mutual Fund -604.55 -9.37% JPMorgan Mutual Fund -1471.38 -28.32% Franklin Templeton Mutual Fund -4434.71 -10.82% LIC NOMURA Mutual Fund -9356.39 -50.05%The assets managed by the industry from January 2011 to June 2011 rose by about Rs. 69,411 crores from Rs. 6,78,067 crore inthe September 2010 to December 2010 quarter, to Rs. 7,47,479 crores in April 2011 to June 2011 quarter. The industry assetsrose in the April - June 2011 quarter by 10.24% with respect to September - December 2010 quarter.ICICI Prudential Mutual Fund, IDFC Mutual Fund, Birla Sunlife Mutual Fund were the fund houses which saw their assets increasethe most in Rupee terms. AMCs that started operations recently saw their assets increase by huge percentages; Daiwa Mutualfund’s assets increased by 391% in the first half of 2011, followed by IDBI Mutual Fund and Peerless Mutual fund at 150% and113% respectively.LIC Nomura Mutual fund, Franklin Templeton Mutual Fund and JPMorgan Mutual fund were the fund houses which saw largedecreases in their assets in Rupee terms. LIC Nomura Mutual fund saw its assets decrease by over 50%, while Bharti AXA Mutualfund and JPMorgan Mutual Fund saw its assets decrease by over 47% and 28% respectively.
  • 8. Category Returns Equity: Large Cap -7.64% Equity: Multi Cap -7.55% Equity: Mid Cap -8.43% Equity: ELSS -7.49% Equity: Index -7.71% Equity: Global -3.39% Hybrid: Balanced -2.71% Hybrid: MIP 1.71% Debt: Income 3.38% Debt: Gilt Short Term 2.59% Debt: Gilt Long Term 2.29% Debt: Floating Rate 4.15% Debt: Ultra Short Term 4.25% Debt: Short Term 4.39% Liquid 3.92%During the first half of 2011, due to the negative performance of the equity market locally and globally; domestic and overseasequity funds as a category have given negative returns. Midcap and small cap funds have lost the most in H1, followed by Index,Large cap and Multicap funds. Overseas funds have given negative returns with the negative performance being much lower incomparison to the Indian equity funds.Balanced funds have also given negative performance due to the negative performance of the equity market. However, thequantum of negative performance is low due to the higher debt component in the balanced funds as compared to equity funds.Funds which have higher allocation to debt have given positive returns, including MIPs, which have over 70% allocation to debt.Short term funds, followed by Ultra Short term funds have given the highest returns in the first half of 2011. The cause for thebetter performance by the Short term and the Ultra Short term funds was the lack of liquidity in the system which has led tohigher rates for Certificate of Deposits and Commercial Papers.
  • 9. Our Recommended Funds
  • 10. Recommended Large Cap Equity Funds
  • 11. Fund Name: HDFC Top 200 Fund Investment Strategy: This fund invests into companies Performance of HDFC Top 200 Fund along with BSE 200 primarily from the BSE 200 index. Banking, Information 300 Technology, Pharma, Refineries and Tobacco are theCategory: Equity- Large Cap 250 most important sectors of this fund. These five sectors,Investment Objective: To generate on an average, account for over 57% of the portfoliolong term capital appreciation from a 200 investments. Banking is the single largest sector that thisportfolio of equity and equity-linked fund invests in. In the past 6 months, investments in 150instruments primarily drawn from the banking sector have never fallen below 22% of thecompanies in the BSE 200 Index. 100 portfolio and accounted for 23.12% of the portfolio in June 2011. The fund manager has lowered the allocationInception Date: October 11, 1996 50 to the public sector banks from 14.1% in January 2011 to 12.3% in June 2011, while the private sector banks’Fund Manager Name: Prashant Jain & 0 allocation has been increased from 9.6% to 10.8% duringMiten Lathia 31-Dec-08 31-Oct-09 31-Jan-11 30-Nov-06 31-May-09 30-Jun-06 31-Mar-10 31-Aug-10 30-Jun-11 30-Sep-07 29-Feb-08 31-Jul-08 30-Apr-07 the same period. The fund on an average has had 3.7% in cash in the past six months. The fund has a smallAUM (as at June 2011): INR 11064.99 exposure to rights instruments at an average of 2.5% of(in crores) the portfolio, while the rest is invested into equities. HDFC Top 200 Fund BSE 200Investment Amount:Minimum Investment: Rs 5000Minimum SIP Investment:Monthly: Rs 500 Performance as on 30-June-2011Quarterly: Rs 1500 Absolute (%) CAGR (%) 1 month 3 month 6 month 1 year 3 year 5 year SINCE INCEPTIONLoad: Entry: NILExit: 1% on or before 1 year, Nil After HDFC Top 200 Fund 1.36 -1.41 -5.97 9.03 22.50 19.83 22.871 year BSE-200 0.56 -2.69 -8.65 2.96 12.08 12.73 13.61 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 2.68% Cash, 3.68% Cash Cash Equity, 97.32% Equity Equity, 94.08% Equity Top 5 Sectors Top 5 CompaniesIndustry Dec’ 2010 (%) Industry June’ 2011 (%) Company Name Dec 2010 (%) Company Name June 2011 (%)Banks 22.42 Banks 21.23 State Bank Of India 7.10 State Bank Of 6.86IT - Software 9.99 IT - Software 10.76 India Pharmaceuticals & Infosys Ltd. 6.06 ICICI Bank Ltd. 6.43Refineries 7.85 Drugs 7.90 ICICI Bank Ltd. 5.52 Infosys Ltd. 5.88Pharmaceuticals Reliance Industries 4.47 ITC Ltd. 4.56& Drugs 7.75 Refineries 7.61 Ltd.Engineering - Larsen & Toubro 4.13 Reliance 4.13Construction 5.91 Cigarettes/Tobacco 4.56 Ltd. Industries Ltd.
  • 12. Investment Strategy: This fund invests in large cap Fund Name: Franklin India Performance of Franklin India Bluechip Fund Bluechip Fund stocks which can be either growth or value oriented. 250 along with BSE Sensex For the past six months, Banking, Information Category: Equity- Large Cap Technology, Telecommunications, Power and Investment Objective: An open- 200 Refineries are the key sectors for this fund. These six end growth scheme with an objective primarily to provide sectors have accounted for more than 62% of the medium to long-term capital portfolio assets for the past 6 months. The allocation 150 appreciation. to the public sector banks has decreased from 6.2% Inception Date: December 01, in January 2011 to 4.3% in June 2011 while the 100 allocation to the private sector banks has increased 1993 Fund Manager Name: Anand from 12.5% to 14.5% during the same period. 50 Radhakrishnan & Anand Vasudevan The fund manager has become conservative in his AUM (as at June 2011): INR 0 investment approach. The fund manager has increased the allocation to cash from 2.6% in 30-Jun-08 30-Jun-06 31-Oct-06 30-Jun-07 31-Oct-07 31-Oct-08 30-Jun-09 31-Oct-09 30-Jun-10 31-Oct-10 30-Jun-11 28-Feb-07 29-Feb-08 28-Feb-09 28-Feb-10 28-Feb-11 4020.06 (in crores) Investment Amount: January 2011 to 9.7% in June 2011. This increase in Minimum Investment: Rs 5000 the cash allocation was due to the decrease in the Minimum SIP Investment: equity allocation of the portfolio. Franklin India Bluechip Fund BSE Sensex Monthly: Minimum of 12 cheques each of Rs. 500/- or more or a minimum of 6 cheques Performance as on 30-June-2011 each of Rs. 1000/- or more. Absolute (%) CAGR (%) Quarterly: Minimum of 12 SINCE cheques each of Rs. 500/- or 1 month 3 month 6 month 1 year 3 year 5 year INCEPTION more or a minimum of 6 cheques Franklin India Bluechip each of Rs. 1000/- or more. Fund 1.27 -1.15 -5.14 10.26 20.03 16.62 25.18 Load: Entry: NIL Exit: 1% on or before 1Y BSE SENSEX 1.85 -3.08 -8.11 6.47 11.87 12.17 10.43 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 6.31% Cash, 9.71% Debt, 0.03% Cash Cash Equity, 93.69% Equity, 90.27% Debt Equity Equity Top 5 Sectors Top 5 CompaniesIndustry Dec’ 2010 (%) Industry June’ 2011 Company Name Dec 2010 (%) Company Name June 2011 (%) (%)Banks 17.91 Banks 18.80 Bharti Airtel Ltd. 7.94 Infosys Ltd. 8.50IT - Software 9.64 IT - Software 11.15 Infosys Ltd. 7.34 Bharti Airtel Ltd. 8.36 Telecommunication - RelianceRefineries 8.52 Service Provider 10.14 Industries Ltd. 6.15 ICICI Bank Ltd. 6.66 Power RelianceElectric Equipment 8.38 Generation/Distribution 6.94 ICICI Bank Ltd. 5.23 Industries Ltd. 4.24Telecommunication Kotak Mahindra Kotak Mahindra- Service Provider 8.36 Refineries 5.50 Bank Ltd. 4.01 Bank Ltd. 3.40
  • 13. Fund Name: ICICI Prudential Investment Strategy: The funds strategy is to invest Performance of ICICI Prudential Focused Blue Chip Equity Focused Bluechip Equity Fund Fund along with S&P CNX Nifty in around 20 large cap stocks. Banking, Information 200 Technology, Oil exploration, Tobacco and power are Category: Equity- Large Cap 180 the key sectors for this fund. These five sectors Investment Objective To seek to 160 account for over 68% of the portfolio investments generate long-term capital appreciation and income 140 over the past six months. The allocation to banking distribution to unit holders from a 120 sector has dropped from 23.8% in January 2011 to portfolio that is invested in equity 21% in June 2011, and on the same note the 100 and equity related securities of allocation to the top 5 sectors has dropped from about 20 companies belonging to 80 74.2% to 38.3% during the same period. the large cap domain and the 60 balance in debt securities and 40 Unlike HDFC Top 200 fund which hardly used money market instruments. Inception Date: May 23, 2008 20 derivatives, this fund has used derivatives every 0 month in the past six months. For the past six Fund Manager Name: Prashant months, derivatives have accounted for an average 23-Aug-08 23-Aug-09 23-Aug-10 23-Nov-08 23-Nov-09 23-Nov-10 23-Feb-09 23-Feb-10 23-Feb-11 23-May-08 23-May-09 23-May-10 23-May-11 Kothari & Rajat Chandak 8.4% of the portfolio, cash allocation has accounted AUM (as at June 2011): INR for 3.6% and the remaining into equities on an 2545.23 (in crores) ICICI Prudential Focused Blue Chip Equity Fund average allocation of 87.8% S&P CNX Nifty Investment Amount: Minimum Investment: Rs 5000 Minimum SIP Investment: Performance as on 30-June-2011 Monthly: Rs 1000 Absolute (%) CAGR (%) Quarterly: Rs 5000 SINCE 1 month 3 month 6 month 1 year 3 year 5 year INCEPTION Load: Entry: NIL ICICI Prudential Focused Exit: 1% on or before 1Y, NIL after Blue Chip Equity Fund 2.14 -1.42 -3.97 13.47 22.52 17.92 1Y S&P CNX Nifty 1.57 -3.19 -7.94 6.30 11.81 12.53 4.36 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 3.97% Cash, 4.18% Cash Cash Equity, 91.96% Equity, 85.34% Equity Equity Top 5 Sectors Top 5 CompaniesIndustry Dec’ Industry June’ Company Name Dec 2010 Company Name June 2011 2010 (%) 2011 (%) (%) (%)Banks 25.22 Banks 23.26 Tata Consultancy ServicesIT - Software 14.12 IT - Software 11.67 Ltd. 7.34 ITC Ltd. 6.60 Punjab National Bank 6.97 Bajaj Auto Ltd 6.17Automobiles-Tractors 6.32 Oil Exploration 8.08 Mahindra & Mahindra Ltd. 6.32 Axis Bank Ltd. 6.04Refineries 6.14 Cigarettes/Tobacco 6.60 Reliance Industries Ltd. 6.14 Hindustan Zinc Ltd. 4.71Automobile Two & Power Punjab NationalThree Wheelers 6.06 Generation/Distribution 6.34 Bajaj Auto Ltd 6.06 Bank 4.71
  • 14. Recommended Multi Cap Equity Funds
  • 15. Fund Name: HDFC Equity Investment Strategy: The fund invests mainly in growth Performance of HDFC Equity Fund along with S&P CNX 500 Fund 300 oriented stocks. In the past six months, large cap stocks on an average account for 81% of the portfolio, midcap stocks Category: Equity- Multi Cap 250 account for 9% of the portfolio, small cap stocks account for about 4% of the portfolio and cash holdings account for Investment Objective: To 200 3.1% of the portfolio. achieve capital appreciation. 150 Banking, Information Technology, Pharmaceuticals, Inception Date: January 01, Refineries and Mining are the important sectors for this 100 1995 portfolio. These five sectors on an average account for 52% 50 of the portfolio in the past six months. Banking is the Fund Manager Name: largest sector and allocation to banking has never fallen Prashant Jain & Miten 0 below 22% in the past six months. The allocation to the Lathia 31-Oct-06 public sector banks has decreased slightly from 14.5% in 31-Oct-07 31-Oct-08 31-Oct-09 31-Oct-10 30-Jun-06 30-Jun-07 30-Jun-08 30-Jun-09 30-Jun-10 30-Jun-11 28-Feb-07 29-Feb-08 28-Feb-09 28-Feb-10 28-Feb-11 AUM (as at June 2011): INR January 2011 to 13.9% in June while the allocation to the 9738.90 (in crores) private sector banks has increased from 8% to 9% in the same period. Over all, the allocation to the banking sector Investment Amount: HDFC Equity Fund S&P CNX 500 has increased by 0.4% in the past six months to 22.95% Minimum Investment: Rs 5000 Minimum SIP Investment: Performance as on 30-June-2011 Monthly: Rs 500 Absolute (%) CAGR (%) Quarterly: Rs 1500 SINCE Load: Entry: NIL 1 month 3 month 6 month 1 year 3 year 5 year INCEPTION Exit: 1% on or before HDFC Equity Fund 0.76 -0.73 -5.79 11.02 25.24 19.82 22.40 1Y,Nil-After 1Y S&P CNX 500 0.67 -2.24 -8.46 2.31 12.19 12.03 NA Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 4.70% Cash, 2.30% Cash Cash Equity, 95.30% Equity Equity, 94.94% Equity Top 5 Sectors Top 5 CompaniesIndustry Dec’ 2010 (%) Industry June’ 2011 Company Name Dec 2010 (%) Company Name June 2011 (%) (%)Banks 21.15 Banks 22.95 State Bank Of State Bank Of India 7.75 India 8.41IT - Software 8.35 IT - Software 8.61Pharmaceuticals & Pharmaceuticals ICICI Bank Ltd. 5.89 ICICI Bank Ltd. 6.99Drugs 8.30 & Drugs 7.56 Tata ConsultancyEngineering - Infosys Ltd. 4.64 Services Ltd. 4.62Construction 5.05 Refineries 7.05 Titan Industries Mining & Ltd. 4.45 Infosys Ltd. 3.99Oil Exploration 4.65 Minerals 3.57 Bank Of Baroda 4.16 Bank Of Baroda 3.61
  • 16. Fund Name: Fidelity Equity Investment Strategy: The fund invests in 60 to 80 Performance of Fidelity Equity Fund along with BSE 200 stocks across market capitalisation. In the past fiveFund 300 months i.e. from January 2011 to May 2011, large capCategory: Equity- Multi Cap stocks on an average account for 79.4% of the 250Investment Objective: To portfolio, midcap stocks account for 9.2% of thegenerate long-term capital portfolio, small cap stocks account for 3.4% of the 200growth from a diversified portfolio and cash holdings account for 7.9% of theportfolio of predominantly portfolio. 150equity and equity-relatedsecurities. Banking, Information Technology, Refineries, 100 Pharmaceuticals and Cigarettes are the important sectors for this portfolio. These five sectors hasInception Date: May 16, 2005 50 accounted for 62.7% of the portfolio in May 2011. The allocation to the top 5 sectors has increased from 52% 0Fund Manager Name: in January to 62.7% in June 2011. Like most funds, the 31-Oct-10 31-Oct-06 31-Oct-07 31-Oct-08 31-Oct-09 30-Jun-08 30-Jun-06 30-Jun-07 30-Jun-09 30-Jun-10 28-Feb-11 30-Jun-11 28-Feb-07 29-Feb-08 28-Feb-09 28-Feb-10Sandeep Kothari & Anirudh allocation to the private sector banks has gone upGopalakrishnan while the allocation to the public sector has gone down by about 2%.AUM (as at May 2011): INR Fidelity Equity Fund BSE 2003368.19 (in crores)Investment Amount: Performance as on 30-June-2011Minimum Investment: Rs 5000Minimum SIP Investment: Absolute (%) CAGR (%)Monthly: Rs 500 1 month 3 month 6 month 1 year 3 year 5 year SINCE INCEPTIONLoad: Entry: NIL Fidelity Equity Fund 0.96 -1.94 -5.94 7.50 19.49 18.77 23.09Exit: 1% on or before 1Y, Nil BSE-200 0.56 -2.69 -8.65 2.96 12.08 12.73 17.44after 1Y Asset Allocation- Dec 2010 Asset Allocation- May 2011 Cash, 4.55% Cash, 9.15% Debt, 0.04% Cash Cash Equity, Equity, 90.82% Debt 95.45% Equity Equity Top 5 Sectors Top 5 Companies Industry Dec’ 2010 Industry May’ 2011 Company Name Dec 2010 (%) Company Name May 2011 (%) (%) (%) Banks 17.47 Banks 17.34 Reliance Reliance Industries Ltd. 7.32 Industries Ltd. 6.96 IT - Software 9.48 IT - Software 8.38 Infosys Ltd. 5.43 ICICI Bank Ltd. 5.33 Refineries 7.32 Refineries 7.56 ITC Ltd. 4.35 ITC Ltd. 4.70 Pharmaceuticals & Pharmaceuticals & HDFC Bank Ltd. 4.33 HDFC Bank Ltd. 4.41 Drugs 7.03 Drugs 6.33 Tata Consultancy Cigarettes/Tobacco 4.35 Cigarettes/Tobacco 4.70 Services Ltd. 3.70 Infosys Ltd. 4.31
  • 17. Fund Name: UTI Opportunities Fund Investment Strategy: UTI Opportunities fund Performance of UTI Opportunities Fund along with BSE 100 invests in sectors that are expected to do well 300Category: Equity- Multi Cap in the future while moving out of sectorsInvestment Objective: This scheme 250 which look overvalued. In the past six months,seeks to generate capital large cap stocks on an average account forappreciation and/or income 200 86.6% of the portfolio, midcap stocks accountdistribution by investing the funds ofthe scheme in equity shares and for 3% of the portfolio, small cap stocks 150 account for 1% of the portfolio and cashequity-related instruments. The mainfocus of this scheme is to capitalize holdings account for 7.5% of the portfolio. 100on opportunities arising in the marketby responding to the dynamically Banking, Cement & Construction, Cigarettes,changing Indian economy by moving 50 Information technology and consumer foodsits investments amongst different 0 are the important sectors for this portfolio.sectors as prevailing trends change. These five sectors on an average account for 30-Jun-06 30-Jun-07 30-Jun-08 30-Jun-09 30-Jun-10 30-Jun-11 31-Oct-10 31-Oct-06 31-Oct-07 31-Oct-08 31-Oct-09 28-Feb-07 29-Feb-08 28-Feb-09 28-Feb-10 28-Feb-11Inception Date: July 20, 2005 54.6% of the portfolio over the past sixFund Manager Name: Anoop months and for 36% of the portfolio in JuneBhaskar UTI Opportunities Fund BSE 100 2011.AUM (as at June 2011): INR 1575.52(in crores)Investment Amount: Performance as on 30-June-2011Minimum Investment: Rs 5000Minimum SIP Investment: Absolute (%) CAGR (%)Monthly: Rs 500 SINCEQuarterly: Rs 1500 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONLoad: Entry: NILExit: 1% before 1Y,Nil on or after 1Y UTI Opportunities Fund 0.66 0.29 -4.77 11.85 21.18 17.17 18.45 BSE-100 0.85 -2.89 -8.16 3.83 11.73 12.74 16.53 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 3.26% Cash, 6.24% Cash Cash Equity, Equity, 94.82% Equity 91.95% Equity Top 5 Sectors Top 5 CompaniesIndustry Dec’ 2010 (%) Industry June’ 2011 Company Name Dec 2010 Company Name June 2011 (%) (%) (%) Cement & ITC Ltd. 6.79 ITC Ltd. 7.92Automobiles- Construction Tata Motors Ltd. 6.46 Petronet LNG Ltd. 5.05Trucks/Lcv 9.11 Materials 8.89 Petronet LNG Ltd. 4.63 Titan Industries Ltd. 4.91Banks 8.62 Cigarettes/Tobacco 7.92 HousingIT - Software 8.14 Banks 7.81 DevelopmentCement & FinanceConstruction Corporation Ltd. 4.50 Cairn India Ltd. 4.67Materials 7.62 IT - Software 6.21 Tata ConsultancyCigarettes/Tobacco 6.79 Consumer Food 5.55 GAIL (India) Ltd. 4.43 Services Ltd. 4.40
  • 18. Recommended Midcap and Small Cap Equity Funds
  • 19. Fund Name: DSP Black Rock Small Investment Strategy: This fund focuses mostly on the Performance of DSP Black Rock Small & Midcap Fund & Midcap Fund midcap sector followed by large cap and small cap along with CNX Midcap Category: Equity- Midcap & Small 250 stocks in the past six months. This can be seen from the analysis of the holding patterns of this fund. In the past Cap Investment Objective: An open 200 six months, large cap stocks on an average account for 32% of the portfolio, midcap stocks account for 36.5% ended equity growth scheme, primarily seeking to generate long 150 of the portfolio, small cap stocks account for 23.4% of term capital appreciation from a the portfolio and cash holdings account for 5% of the portfolio substantially constituted 100 portfolio. The fund managers have used derivatives in of equity and equity related four out of the six months (H1 of 2011). securities, which are not part of 50 top 100 stocks by market Pharmaceuticals, Fertilizers, Textiles, Information capitalization. 0 technology and Banking are the important sectors for Inception Date: November 14, this portfolio. Unlike most top performing equity funds, 14-Nov-07 14-Nov-06 14-Nov-08 14-Nov-09 14-Nov-10 14-Mar-07 14-Jul-07 14-Mar-08 14-Jul-08 14-Mar-09 14-Jul-09 14-Mar-10 14-Jul-10 14-Mar-11 2006 this fund does not have banking as one of the key Fund Manager Name: Anup sectors. These five sectors on an average account for Maheshwari & Apoorva Shah 23.2% of the portfolio, over the past six months. The fund has completely exited from public sector banks for DSP BlackRock Small & Mid Cap Fund CNX Midcap the past two months. AUM (as at June 2011): INR 1245.26 (in crores) Investment Amount: Performance as on 30-June-2011 Minimum Investment: Rs 5000 Absolute (%) CAGR (%) Minimum SIP Investment: SINCE Monthly: Rs 500 1 month 3 month 6 month 1 year 3 year 5 year INCEPTION Quarterly: Rs 500 DSPBR Small & Mid Load: Entry: NIL Cap Fund 0.86 1.99 -7.95 5.39 23.02 12.99 Exit: 1% before 12M, Nil on or after 12M CNX Midcap -1.16 -0.85 -10.00 -1.96 15.02 15.10 10.49 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 6.79% Cash, 2.21% Cash Cash Equity, 90.91% Equity Equity, 96.30% Equity Top 5 Sectors Top 5 Companies Company Name Dec 2010 Company Name June 2011Industry Dec’ 2010 Industry June’ 2011 (%) (%) (%) (%) EID-Parry (India)Pharmaceuticals & Pharmaceuticals & Ltd. 3.57 Trent Ltd. 3.64Drugs 8.42 Drugs 7.44 Trent Ltd. 3.11 EID-Parry (India) Ltd. 3.40Fertilizers 4.92 Fertilizers 6.65 Areva T & D India Hindustan Petroleum Ltd. 2.80 Corporation Ltd. 3.24 Gujarat Mineral Devp.Electric Equipment 4.77 Textile 4.33 Tata Chemicals Ltd. 2.78 Corpn. Ltd. 2.87IT - Software 4.14 IT - Software 4.14 Chambal Fertilisers &Consumer Food 3.74 Bank - Private 3.91 Bharat Forge Ltd. 2.71 Chemicals Ltd. 2.61
  • 20. Investment Strategy: This scheme aims to generateFund Name: HDFC Midcap Performance of HDFC Mid cap Opportunities along withOpportunities Fund good returns by focusing on large and midcap stocks. 210 CNX Midcap In the past six months, large cap stocks on anCategory: Equity- Mid Cap & average account for 41.4% of the portfolio, midcapSmall cap 180 stocks account for 23.1% of the portfolio, small capInvestment Objective: The stocks account for 28.6% of the portfolio and cashinvestment objective of the 150 holdings account for 6.9% of the portfolio.scheme is to generate long- 120term capital appreciation froma portfolio that is substantially Pharmaceuticals, Auto Ancillary, Banking, Abrasives 90constituted of equity and and Consumer food are the important sectors forequity related securities of 60 this portfolio. These five sectors on an averageSmall and Mid-Cap account for 43.5% of the portfolio for the past sixcompanies. 30 months. Pharmaceutical has the largest sectorInception Date: June 25, 2007 allocation as it has slightly moderated from 15.9% in 0 January 2011 to 14.4% in June 2011. 25-Oct-07 25-Oct-08 25-Oct-09 25-Oct-10 25-Jun-07 25-Jun-08 25-Jun-09 25-Jun-10 25-Jun-11 25-Feb-08 25-Feb-09 25-Feb-10 25-Feb-11Fund Manager Name: ChiragSetalvad & Miten LathiaAUM (as at June 2011): INR HDFC Mid-Cap Opportunities Fund CNX Midcap1443.65 (in crores)Investment Amount: Performance as on 30-June-2011Minimum Investment: Rs 5000 Absolute (%) CAGR (%)Minimum SIP Investment: SINCEMonthly: Rs 500 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONQuarterly: Rs 1500 HDFC Mid-CapLoad: Entry: NIL Opportunities Fund 1.84 6.91 -1.23 12.92 24.60 12.65Exit: 1% on or before 1Y, NILafter1Y CNX Midcap -1.16 -0.85 -10.00 -1.96 15.02 15.10 8.11 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 6.95% Cash, 7.49% Cash Cash Equity, 93.05% Equity, Equity 92.51% Equity Top 5 Sectors Top 5 Companies Company Name Dec 2010 (%) Company Name June 2011 (%)Industry Dec’ 2010 (%) Industry June’ 2011 Ipca Laboratories Ipca Laboratories (%) Ltd. 5.36 Ltd. 4.81Pharmaceuticals & Pharmaceuticals Exide Industries CarborundumDrugs 16.87 & Drugs 14.39 Ltd. 4.10 Universal Ltd. 4.48Auto Ancillary 11.35 Banks 11.14 Carborundum Universal Ltd. 3.96 Bata India Ltd. 3.20Banks 11.33 Auto Ancillary 9.21 Lupin Ltd. 3.72 Lupin Ltd. 2.93Abrasives 6.05 Abrasives 6.28 Exide IndustriesAir Conditioners 5.06 Consumer Food 3.52 Biocon Ltd. 3.27 Ltd. 2.69
  • 21. Recommended Index Funds
  • 22. Fund Name: ICICI Prudential Index Investment Strategy: ICICI Prudential Index Fund Performance of ICICI Prudential Index Fund alongFund tracks the Nifty, and invested 86.5% of the fund 250 with S&P CNX Nifty corpus in the index stocks in H1 of 2011. ThisCategory: Equity- Index fund has increased the cash holding in the 200 portfolio in H1 of 2011 from 0.08% in January toInvestment Objective: To seek to 4.02% in June 2011. However, this fund hadtrack the returns of the S&P CNX Nifty 150 exposure to Nifty futures in all the six months.through investments in a basket ofstocks drawn from the constituents of The percentage of the funds corpus invested inthe above index. 100 Nifty futures on an average was in excess of 10% during the first half of 2011. However, the 50 exposure to Nifty futures in H1 was on a declining trend and the allocation to the nifty futures wasInception Date: February 26, 2002 0 at 9.1% in June 2011. 30-Nov-06 31-May-09 31-Mar-10 30-Jun-06 31-Jul-08 31-Oct-09 30-Jun-11 30-Sep-07 29-Feb-08 30-Apr-07 31-Dec-08 31-Jan-11 31-Aug-10Fund Manager Name: Kayzad EghlimAUM (as at June 2011): INR 90.36 (incrores) ICICI Prudential Index Fund S&P CNX NiftyInvestment Amount: Performance as on 30-June-2011Minimum Investment: Rs 5000Minimum SIP Investment: Absolute (%) CAGR (%)Monthly: Rs 1000 SINCEQuarterly: Rs 5000 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONLoad: Entry: NIL ICICI Prudential IndexExit: 0.25% on or before 7D, Nil-after Fund 1.83 -2.75 -7.78 6.73 12.88 13.72 19.437D. S&P CNX Nifty 1.57 -3.19 -7.94 6.30 11.81 12.53 18.14 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 0.47% Cash, 4.02% Cash Cash Equity, 94.27% Equity Equity Equity, 86.92% Top 5 Sectors Top 5 Companies Industry Dec’ 2010 Industry June’ Company Name Dec 2010 Company Name June (%) 2011 (%) 2011 (%) (%) Banks 18.38 Banks 17.69 Reliance Industries IT - Software 13.53 IT - Software 12.00 Reliance Industries Ltd. 9.31 Ltd. 7.78 Infosys Ltd. 8.62 Infosys Ltd. 7.21 Refineries 9.75 Refineries 8.21 ICICI Bank Ltd. 6.83 ICICI Bank Ltd. 6.47 Engineering - Larsen & Toubro Ltd. 5.46 ITC Ltd. 5.55 Construction 6.09 Cigarettes/Tobacco 5.55 Housing Development Engineering - Finance Corporation Larsen & Toubro Finance - Housing 4.89 Construction 5.48 Ltd. 4.89 Ltd. 5.01
  • 23. Investment Strategy: Franklin India IndexFund Name: Franklin India Index Fund- Performance of Franklin India- BSE Sensex along with BSE Sensex Fund - BSE Sensex Plan was invested intoBSE Sensex Plan 250Category: Equity- Index the index stocks more than 99% in all theInvestment Objective: An open end six months of H1 of 2011. 200index linked growth scheme with theobjective to invest in companies whose The average cash allocation during thesesecurities are included in the Nifty and 150 six months is at 0.31%. Unlike, ICICIsubject to tracking errors, endeavoring Prudential Index fund, this fund did notto attain results commensurate with use any index futuresS&P CNX Nifty Index under NSE Nifty 100Plan, and to provide returns that,before expenses, closely correspond to 50the total return of common stocks asrepresented by the BSE Sensex underBSE Sensex Plan. 0Inception Date: August 27, 2001 31-Oct-09 31-Dec-08 31-Jan-11 30-Nov-06 31-May-09 30-Jun-06 31-Mar-10 31-Aug-10 30-Jun-11 31-Jul-08 30-Apr-07 30-Sep-07 29-Feb-08Fund Manager Name: Anil PrabhudasAUM (as at June 2011): INR 61.94 (incrores)Investment Amount: Franklin India Index-BSE Sensex FundMinimum Investment: Rs 5000 BSE SensexMinimum SIP Investment:Monthly: Minimum of 12 cheques each Performance as on 30-June-2011of Rs. 500/- or more or a minimum of 6 Absolute (%) CAGR (%)cheques each of Rs. 1000/- or more. SINCEQuarterly: Minimum of 12 cheques 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONeach of Rs. 500/- or more or a Franklin India Indexminimum of 6 cheques each of Rs. Fund BSE Sensex1000/- or more. Plan 2.27 -2.59 -7.82 6.89 12.06 12.17 18.51Load: Entry: NIL BSE SENSEX 1.85 -3.08 -8.11 6.47 11.87 12.17 19.29Exit:1% on or before 30D Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 0.18% Cash, 0.25% Cash Cash Equity, 99.82% Equity Equity, 99.75% Equity Top 5 Sectors Top 5 Companies Company Name Dec 2010 Company Name June 2011 (%)Industry Dec’ 2010 (%) Industry June’ 2011 (%) (%) Reliance Industries RelianceBanks 18.27 Banks 17.93 Ltd. 11.65 Industries Ltd. 10.74IT - Software 16.31 IT - Software 15.75 Infosys Ltd. 10.28 Infosys Ltd. 9.43 ICICI Bank Ltd. 8.04 ICICI Bank Ltd. 8.34Refineries 11.65 Refineries 10.74 Larsen & Toubro Ltd. 6.61 ITC Ltd. 7.25Engineering - HousingConstruction 7.37 Cigarettes/Tobacco 7.25 DevelopmentFinance - Engineering - Finance Corporation Larsen & ToubroHousing 5.85 Construction 7.25 Ltd. 5.85 Ltd. 6.62
  • 24. Recommended Equity Linked Saving Scheme (ELSS) Funds
  • 25. Fund Name: Fidelity Tax Investment Strategy: This fund focuses mostly on Performance of Fidelity Tax Advantage along with BSE 200Advantage Fund 300 large cap stocks. In the past six months i.e. from January 2011 to May 2011, large cap stocks on anCategory: Equity- ELSS 250 average account for about 79.4% of the portfolio,Investment Objective: To midcap stocks account for about 9.2% of thegenerate long-term capital 200 portfolio, small cap stocks account for about 3.4% ofgrowth from a diversified the portfolio and cash holdings account for 4.4% ofportfolio of predominantly 150 the portfolio.equity and equity-related Banking, Information Technology, Pharmaceuticals,securities. 100 Refineries and Cigarettes are the important sectors 50 for this portfolio. These five sectors have accountedInception Date: February 27, on an average for 46.5% of the portfolio in H1 of2006 0 2011. Banking sector has never had an allocation ofFund Manager Name: less than 16% in the past six months and continues 31-Oct-06 31-Oct-07 31-Oct-08 31-Oct-09 31-Oct-10 30-Jun-06 30-Jun-07 30-Jun-08 30-Jun-09 30-Jun-10 30-Jun-11 28-Feb-07 29-Feb-08 28-Feb-09 28-Feb-10 28-Feb-11Sandeep Kothari to be the dominant sector in the portfolio. However,AUM (as at May 2011): INR the allocation to the private banking sector has1238.64 (in crores) increased whereas; the allocation the public banking Fidelity Tax Advantage Fund BSE 200 sector has decreased in the past six months.Investment Amount:Minimum Investment: Rs 500 Performance as on 30-June-2011Minimum SIP Investment: Absolute (%) CAGR (%)Monthly: Rs 500 SINCELoad: Entry: NIL 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONExit: NIL Fidelity Tax Advantage Fund 0.87 -1.75 -6.42 7.34 20.30 18.66 15.98 BSE-200 0.56 -2.69 -8.65 2.96 12.08 12.73 11.59 Asset Allocation- Dec 2010 Asset Allocation- May 2011 Cash, 1.13% Cash, 3.21% Debt, 0.04% Cash Cash Equity, Debt 98.87% Equity Equity, 96.75% Equity Top 5 Sectors Top 5 CompaniesIndustry Dec’ 2010 Industry May’ 2011 Company Name Dec 2010 (%) Company Name May 2011 (%) (%) (%) Reliance Industries RelianceBanks 16.91 Banks 17.15 Ltd. 6.88 Industries Ltd. 6.74Pharmaceuticals &Drugs 9.68 IT - Software 8.97 Infosys Ltd. 5.44 ITC Ltd. 4.88 Pharmaceuticals & HDFC Bank Ltd. 4.44 ICICI Bank Ltd. 4.77IT - Software 9.40 Drugs 8.97 ITC Ltd. 4.35 HDFC Bank Ltd. 4.60Refineries 6.88 Refineries 6.74 Tata ConsultancyCigarettes/Tobacco 4.35 Cigarettes/Tobacco 4.88 Services Ltd. 3.66 Infosys Ltd. 4.09
  • 26. Fund Name: HDFC Tax Saver Fund Investment Strategy: This fund focuses mostly on large Performance of HDFC Tax Saver along with S&P CNX 500 250 cap stocks. In the past six months (i.e. January 2011 to June 2011), large cap stocks on an average account forCategory: Equity- ELSS about 73% of the portfolio, midcap stocks account for 200 about 12.8% of the portfolio, small cap stocks account forInvestment Objective: To achieve about 2.8% of the portfolio and cash holdings account forlong term growth of capital. 150 10.6% of the portfolio. As of end of June, the cash allocation in the portfolio is at 5.4%.Inception Date: March 31, 1996 100 Banking, Pharmaceuticals, Information Technology, 50 Cigarette and Engineering – construction are theFund Manager Name: Vinay important sectors for this portfolio. These five sectorsKulkarni & Miten Lathia have accounted on an average for 41.7% of the portfolio 0 across the six month period. The allocation to the 31-Oct-09 31-Dec-08 31-Jan-11 30-Nov-06 31-May-09 31-Mar-10 31-Aug-10 31-Jul-08 30-Jun-06 30-Apr-07 30-Sep-07 30-Jun-11 29-Feb-08 Cigarette sector has risen rapidly in the past two months.AUM (as at June 2011): INR The fund had no allocation to the Cigarette sector in3187.36 (in crores) January 2011, but has 4.9% allocation to it in June 2011. HDFC Tax Saver Fund S&P CNX 500Investment Amount:Minimum Investment: Rs 500 Performance as on 30-June-2011Minimum SIP Investment:Monthly: Rs 500 Absolute (%) CAGR (%)Quarterly: Rs 1500 1 month 3 month 6 month 1 year 3 year 5 year SINCE INCEPTIONLoad: Entry: NIL HDFCExit: NIL TaxSaver Fund 1.73 1.09 -5.46 7.88 23.03 15.36 31.58 S&P CNX 500 0.67 -2.24 -8.46 2.31 12.19 12.03 NA Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 8.13% Cash, 5.40% Cash Cash Equity, 91.87% Equity, 92.77% Equity Equity Top 5 Sectors Top 5 Companies Industry Dec’ Industry June’ 2011 Company Name Dec 2010 Company Name June 2011 2010 (%) (%) (%) (%) ICICI Bank Ltd. 5.36 State Bank Of India 5.38 Banks 17.59 Banks 18.51 Tata Consultancy Pharmaceuticals & Pharmaceuticals & Infosys Ltd. 5.11 Services Ltd. 4.94 Drugs 12.27 Drugs 12.66 Sun Pharmaceutical IT - Software 9.34 IT - Software 9.18 Inds. Ltd. 4.53 ITC Ltd. 4.88 Oil Exploration Sun Pharmaceutical 4.50 Cigarettes/Tobacco 4.88 Crompton Greaves Ltd. 4.28 Inds. Ltd. 4.33 Engineering - Tata Consultancy Electric Equipment 4.28 Construction 4.16 Services Ltd. 4.23 Infosys Ltd. 4.24
  • 27. Recommended Global Equity Funds
  • 28. Fund Name: Principal Global Performance of Principal Global Opportunities Fund along Investment Strategy: The Principal GlobalOpportunities Fund Opportunities Fund is a feeder fund that invests in 160 with MSCI World the Principal Global Investors - Emerging MarketsCategory: Equity- Global 140 Equity Fund. The Emerging Markets fund invests inInvestment Objective: To emerging markets across the world and as of 120provide long term capital December 2010 has more than 50% exposure toappreciation by predominantly 100 China, Brazil, South Korea, Taiwan and India.investing in overseas mutual 80fund schemes, and a certain As of 30 June 2010, the Principal Globalportion of its corpus in Money 60 Opportunities Fund has invested 96.7% of its corpusMarket Securities and/or units in the Principal Global Investors - Emerging Markets 40of Money Market / Liquid Equity Fund and the remaining 3.24% in Cash.Schemes of Principal Mutual 20Fund. 0Inception Date: March 29, 31-Oct-06 31-Oct-07 31-Oct-08 31-Oct-09 31-Oct-10 30-Jun-06 30-Jun-07 30-Jun-08 30-Jun-09 30-Jun-10 30-Jun-11 28-Feb-07 29-Feb-08 28-Feb-09 28-Feb-10 28-Feb-112004Fund Manager Name: RajatJain Principal Global Opportunities Fund MSCI WorldAverage AUM (as at June2011): INR 45.05 (in crores)Investment Amount: Performance as on 30-June-2011Minimum Investment: Rs Absolute (%) CAGR (%)10000 SINCEMinimum SIP Investment: 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONMonthly: Rs 500 Principal GlobalLoad: Entry: NIL Opportunities Fund -2.71 -1.26 0.40 21.19 1.52 6.93 8.69Exit: 1% on or before 1Y MSCI World -1.73 -0.28 3.99 27.84 -1.72 0.17 3.39 Top 5 Sectors Top 5 Companies Industry Dec’ 2010 (%) Industry June’ 2011 (%) Company Name Dec 2010 Company Name June (%) 2011 (%) Samsung Electronics Co. Financials 22.32 Financials 20.24 Ltd. 3.16 Cia Vale Do Rio Doce 3.01 Materials 16.52 Energy 14.67 Samsung Electronics Co. Information Cia Vale Do Rio Doce 3.13 Ltd. 2.95 Technology 14.65 Materials 14.14 Petrobras Petroleo Petrobras Petroleo Information Brasileiro 2.91 Brasileiro 2.74 Energy 13.02 Technology 12.18 Cnooc Ltd. 1.46 Gazprom 2.50 Consumer Consumer Companhia De Bebidas Taiwan Semiconductor Dicretionary 10.24 Dicretionary 11.63 Das Americas 1.39 Manufacturing Co. Ltd. 1.74
  • 29. Fund Name: Mirae Asset China Advantage Investment Strategy: The Mirae Asset Performance of Mirae Asset China Advantage Fund along China Advantage fund is a feeder fundFundCategory: Equity- Global with MSCI China that invests in the Mirae Asset China 140Investment Objective: The investment Sector Leader Equity Fund. The Miraeobjective of the scheme is to generate 120 Asset China Sector Leader Equity Fundlong-term capital appreciation by investing invests in equities and equity relatedpredominantly in units of Mirae Asset 100 securities of companies domiciled in orChina Sector Leader Equity Fund and/ orunits of other mutual fund schemes, units 80 having their area of primary activity inof exchange traded schemes that focus on China and Hong Kong.investing in equities and equity related 60securities of companies domiciled in or As of 30 June 2011, the Mirae Assethaving their area of primary activity in 40 China Advantage fund has investedChina and Hong Kong. The Scheme may 97.87% into the Mirae Asset Chinaalso invest a certain portion of its corpus 20 Sector Leader Equity Fund.in debt and money market securitiesand/or units of debt/liquid schemes of 0Domestic Mutual Funds, in order to meet 5-Jan-10 5-Jan-11 5-Nov-09 5-Mar-10 5-May-10 5-Jul-10 5-Nov-10 5-Mar-11 5-May-11 5-Sep-10liquidity requirements from time to time.The Scheme does not guarantee or assureany returns. Mirae Asset China Advantage FundInception Date: November 05, 2009 MSCI China (in INR terms)Fund Manager Name: Gopal Agrawal &Neelesh SuranaAverage AUM (as at June 2011): INR102.26 (in crores) Performance as on 30-June-2011Investment Amount: Absolute (%) CAGR (%)Minimum Investment: Rs 5000 SINCEMinimum SIP Investment: 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONMonthly: Rs 1000 Mirae Asset ChinaQuarterly: Rs 1500 Advantage Fund -3.14 -1.00 -1.47 21.59 5.76Load: Entry: NILExit: 1% on or before 1Y, Nil - after 1Y MSCI China (in INR terms) -5.57 -3.65 -1.14 5.46 3.32 12.35 -0.79 Cash & Other Asset Allocation- Dec 2010 Cash & Other Asset Allocation- June 2011 Receivables, Receivables, 2.14% 2.13% Cash & Other Cash & Other Receivables Receivables International International Mutual International International Mutual Fund Fund Units Mutual Fund Mutual Fund Units Units, 97.86% Units, 97.87% Top 5 Sectors Top 5 Companies Industry Dec’ Industry April’ 2011 Company Name Dec 2010 Company Name April 2011 2010 (%) (%) (%) (%) Metals & Mining 14.68 Oil & Gas 14.43 China Unicom (HK) 4.90 Far East Horizon 6.80 Tencent Holdings 4.60 Tencent Holdings 6.20 Oil & Gas 11.83 Specialty Retail 13.13 Chongqing Rural China Suntien Green Internet Software Commercial Bank 4.50 Energy Corp. 5.70 Electrical Equipment 11.79 & Services 9.21 Zhuzhou CSR Times Specialty Retail 9.01 Pharmaceuticals 6.37 Goodbaby International 4.40 Electric Co. Ltd 5.20 Internet Software & PICC Property & Services 7.4 None 6.27 Sohu.com 4.20 Casualty 5.20
  • 30. Recommended Dividend Yield Equity Fund
  • 31. Fund Name: UTI Dividend Yield Investment Strategy: The fund manager aims to invest Performance of UTI Dividend Yield Fund along with BSE 100Fund in equity shares that have a high dividend yield in 350Category: Equity- Dividend Yield comparison to S&P CNX Nifty at the time of investment.Investment Objective: The 300 The fund invests in stocks across the entire marketinvestment objective of the capitalisation but focuses mostly on large cap stocks. InScheme is to provide medium to 250 the past six months, large cap stocks on an averagelong term capital gains and / or account for about 79.7% of the portfolio, midcap stocksdividend distribution by 200 account for about 7.5% of the portfolio, small capinvesting predominantly in stocks account for about 3.5% of the portfolio and cash 150 holdings account for 6.9% of the portfolio. The fundequity & equity relatedinstruments, which offer high also invests in deposits regularly; these deposits make 100dividend yield. There can be no up 2.5% of the portfolio.assurance that the investment 50objectives of the scheme will be Banking, Information Technology, Cement &realized. 0 Construction, Cigarette and Power are the important sectors for this portfolio. These five sectors have 31-Oct-06 31-Oct-07 31-Oct-08 31-Oct-09 31-Oct-10 30-Jun-06 30-Jun-07 30-Jun-08 28-Feb-09 30-Jun-09 30-Jun-10 30-Jun-11 28-Feb-07 29-Feb-08 28-Feb-10 28-Feb-11Inception Date: May 03, 2005 accounted on an average for 42% of the portfolio across the six month period. Exposure to the cigaretteFund Manager Name: sector has hugely increased in the past six months fromSwati Kulkarni UTI Dividend Yield Fund BSE 100 3.0% in January 2011 to 4.8% in June 2011.AUM (as at June 2011): INR3304.26 (in crores)Investment Amount: Performance as on 30-June-2011Minimum Investment: Rs 5000 Absolute (%) CAGR (%)Minimum SIP Investment:Monthly: Rs 500 SINCEQuarterly: Rs 1500 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONLoad: Entry: NIL UTI Dividend YieldExit: 1% before 1Y, Nil on or Fund 1.13 -1.55 -5.58 8.67 22.38 21.09 20.99after 1Y BSE-100 0.85 -2.89 -8.16 3.83 11.73 12.74 19.06 Asset Allocation- Dec 2010 Asset Allocation-June 2011 Cash, 9.06% Cash, 5.51% Cash Cash Equity, 88.97% Equity, 92.01% Equity Equity Top 5 Sectors Top 5 CompaniesIndustry Dec’ Industry June’ Company Name Dec 2010 Company Name June 2010 2011 (%) 2011 (%) (%) (%) Infosys Ltd. 7.20 Infosys Ltd. 6.11Banks 12.74 Banks 13.30 ICICI Bank Ltd. 4.74 ITC Ltd. 4.79IT - Software 12.60 IT - Software 11.33 Tata ConsultancyCement & Construction Cement & Construction Services Ltd. 4.69 ICICI Bank Ltd. 4.65Materials 8.48 Materials 7.34 Tata ConsultancyPower NTPC Ltd. 4.31 Services Ltd. 4.64Generation/Distribution 5.73 Cigarettes/Tobacco 4.79 Housing Development Power Finance CorporationOil Exploration 5.47 Generation/Distribution 4.75 Ltd. 4.22 State Bank Of India 4.41
  • 32. Recommended Contra and Value Equity Fund
  • 33. Fund Name: ICICI Prudential Investment Strategy: The fund invests in stocks across Performance of ICICI Prudential Discovery Fund alongDiscovery Fund the entire market capitalisation with a slight focus on the with CNX Midcap large caps. In the past six months, large cap stocks on anCategory: Equity- Contra & Value 300 average account for about 44% of the portfolio, midcapInvestment Objective: To 250 stocks account for about 23% of the portfolio, small capgenerate returns through a stocks account for about 26% of the portfolio and cashcombination of dividend income holdings account for 6.8% of the portfolio. The fund also 200and capital appreciation by invests in derivatives.investing primarily in a well- 150diversified portfolio of value Pharmaceuticals, Banking, Information technology,stocks. Value stocks are those, Cement & Construction and oil exploration are the 100which have attractive valuations important sectors for this portfolio. These five sectorsin relation to earnings or book 50 have accounted on an average for 43.8% of the portfoliovalue or current and/or future across the six month period. Pharmaceuticals anddividends. 0 Banking are the largest sectors in the portfolio.Inception Date: August 16, 2004 Pharmaceutical is the largest sector in the portfolio over 30-Nov-06 31-May-09 31-Mar-10 30-Jun-06 31-Jul-08 31-Oct-09 30-Jun-11 30-Apr-07 30-Sep-07 29-Feb-08 31-Dec-08 31-Jan-11 31-Aug-10 taking the banking sector. The allocation to the pharmaFund Manager Name: Mrinal sector has increased from 11.9% in January 2011 to 15%Singh & Rajat Chandak in June 2011, while the exposure to the banking sectorAUM (as at June 2011): INR1767.05 (in crores) ICICI Prudential Discovery Fund CNX Midcap has reduced from 12.1% to 11.3% during the same period.Investment Amount:Minimum Investment: Rs 5000 Performance as on 30-June-2011Minimum SIP Investment:Monthly: Rs 1000 Absolute (%) CAGR (%)Quarterly: Rs 5000 1 month 3 month 6 month 1 year 3 year 5 year SINCE INCEPTIONLoad: Entry: NIL ICICI Prudential DiscoveryExit: 1% on or before 1Y, NIL Fund -1.12 1.14 -5.57 6.87 26.67 17.30 25.88after 1Y CNX Midcap -1.16 -0.85 -10.00 -1.96 15.02 15.10 21.74 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 8.95% Cash, 5.84% Cash Cash Equity, 90.47% Equity Equity, 92.74% Equity Top 5 Sectors Top 5 CompaniesIndustry Dec’ Industry June’ Company Dec 2010 Company Name June 2011 (%) 2010 (%) 2011 (%) Name (%) Pharmaceuticals & SterliteBanks 12.34 Drugs 15.04 Industries Oil & Natural Gas Corpn.Pharmaceuticals & (India) Ltd. 5.55 Ltd. 4.00Drugs 11.36 Banks 11.63 Bharti Airtel Ltd. 4.27 Cipla Ltd. 3.95IT - Software 6.69 IT - Software 8.49 CESC Ltd. 3.91 CESC Ltd. 3.76Cement & Construction Cement & Construction Oil & Natural Great Eastern ShippingMaterials 5.89 Materials 6.51 Gas Corpn. Ltd. 3.83 Company Ltd. 3.54Power Power Cadila Torrent PharmaceuticalsGeneration/Distribution 5.89 Generation/Distribution 5.60 Healthcare Ltd. 3.82 Ltd. 3.44
  • 34. Recommended Infrastructure Equity Funds
  • 35. Investment Strategy: This fund invests in stocks ofFund Name: DSP Black Rock T.I.G.E.R Performance of DSP Blackrock T.I.G.E.R Fund along infrastructure companies across marketFund with BSE 100 capitalisation with a focus on large cap stocks. In theCategory: Equity- Infrastructure 300 past six months i.e. H1 of 2011, large cap stocks onInvestment Objective: An open an average account for about 74% of the portfolio,ended diversified equity Scheme, 250 midcap stocks account for about 16% of theseeking to generate capital portfolio, small cap stocks account for about 4.6% ofappreciation, from a portfolio that is 200 the portfolio and cash holdings account for 2.5% ofsubstantially constituted of equity the portfolio. The fund uses derivatives every month.securities and equity related 150 The average holding of the derivatives is about 2% ofsecurities of corporates, which could the portfolio.benefit from structural changes 100brought about by continuingliberalization in economic policies by 50 Banking, Refineries, Power, Electric Equipment andthe Government and/or from Engineering – construction are the important sectorscontinuing investments in 0 for this portfolio. These five sectors have accountedinfrastructure, both by the public on an average for 43.3% of the portfolio across the 31-Oct-09 31-Dec-08 31-Jan-11 30-Nov-06 31-May-09 31-Aug-10 31-Jul-08 31-Mar-10 30-Jun-06 30-Jun-11 30-Apr-07 30-Sep-07 29-Feb-08and private sector. six month period. Allocation to the private banks hasInception Date: June 11, 2004 almost doubled in the past six months while the allocation to the public sector banks has moderatedFund Manager Name: Anup DSP BlackRock India T.I.G.E.R- Fund BSE100 slightly.Maheshwari & Rohit SinghaniaAUM (as at June 2011): INR 2087.48(in crores) Performance as on 30-June-2011Investment Amount:Minimum Investment: Rs 5000 Absolute (%) CAGR (%)Minimum SIP Investment: SINCEMonthly: Rs 500 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONQuarterly: Rs 500 DSP Black Rock IndiaLoad: Entry: NIL T.I.G.E.R Fund 0.12 -2.24 -12.26 -6.48 9.65 13.19 23.38Exit: 1% before 12M, Nil on or after12M BSE-100 0.85 -2.89 -8.16 3.83 11.73 12.74 20.87 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 2.10% Debt, 0.37% Cash, 3.29% Cash Cash Debt Equity, 95.39% Equity, 95.08% Equity Equity Top 5 Sectors Top 5 CompaniesIndustry Dec’ 2010 Industry June’ 2011 Company Name Dec 2010 Company Name June 2011 (%) (%) (%) (%)Banks 11.29 Banks 14.44 Reliance Industries Reliance IndustriesRefineries 8.03 Refineries 7.81 Ltd. 4.60 Ltd. 4.01Engineering - Power Larsen & ToubroConstruction 7.86 Generation/Distribution 7.45 Ltd. 3.51 ICICI Bank Ltd. 3.83Power Bharat HeavyGeneration/Distribution 6.48 Electric Equipment 7.12 Havells India Ltd. 3.28 Electricals Ltd. 3.52 Engineering - Cummins India Ltd. 3.17 Havells India Ltd. 3.31Oil Exploration 5.46 Construction 6.45 GAIL (India) Ltd. 3.05 Larsen & Toubro Ltd. 3.24
  • 36. Fund Name: ICICI Prudential Investment Strategy: This fund invests in Performance of ICICI Prudential Infrastructure FundInfrastructure Fund infrastructure companies across market along with CNX Infrastructure 300 capitalization, but focuses mostly on large cap stocks. In the past three years, large cap stocks on an averageCategory: Equity- Infrastructure account for about 76% of the portfolio, midcap stocks 250Investment Objective: To seek to account for about 8.7% of the portfolio, small capgenerate capital appreciation and stocks account for about 6% of the portfolio and cash 200 holdings account for 7.0% of the portfolio. The fundincome distribution to unitholdersby investing predominantly in uses derivatives. The average holding of theequity/equity related securities of 150 derivatives is about 2.26% of the portfolio.the companies belonging to the Banking, Oil Exploration, Power, Telecom and Electricinfrastructure securities and balance 100 Equipment are the important sectors for thisin debt securities and money market portfolio. These five sectors have accounted for on aninstruments. 50 average 54% of the portfolio for the past six months.Inception Date: August 31, 2005 Banking sector has seen higher allocation in the 0 portfolio in the past six months; from 16.4% in January 2011 to 19.7% in June 2011. Contrary to 31-Oct-07 31-Oct-09 31-Oct-06 31-Oct-08 31-Oct-10 30-Jun-06 30-Jun-07 30-Jun-08 30-Jun-09 30-Jun-10 30-Jun-11 28-Feb-07 29-Feb-08 28-Feb-09 28-Feb-10 28-Feb-11Fund Manager Name: Prashant many other funds, the allocation to the public sectorKothari & Rajat Chandak banks has increased in the fund from 4.6% in January 2011 to 7.9% in June 2011, while the allocation to theAUM (as at June 2011): INR 2844.17 private sector banks has more or less remained the(in crores) ICICI Prudential Infrastructure Fund CNX Infrastructure same.Investment Amount:Minimum Investment: Rs 5000 Performance as on 30-June-2011Minimum SIP Investment: Absolute (%) CAGR (%)Monthly: Rs 1000 SINCEQuarterly: Rs 5000 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONLoad: Entry: NIL ICICI Prudential InfrastructureExit: 1% on or before 1Y, NIL after 1Y Fund 0.74 -3.29 -9.92 -0.76 8.92 17.33 19.87 CNX Infrastructure 4.78 1.32 -9.84 -8.23 -1.55 7.15 10.50 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 8.96% Cash, 8.18% Cash Cash Equity, 92.94% Equity, Equity 88.36% Equity Top 5 Sectors Top 5 CompaniesIndustry Dec’ 2010 Industry June’ Company Name Dec 2010 Company Name June 2011 (%) 2011 (%) (%) (%) Bharti Airtel Ltd. 9.59 Bharti Airtel Ltd. 7.73Banks 18.79 Banks 19.70 Bharat Heavy Oil & Natural GasElectric Equipment 9.64 Oil Exploration 12.19 Electricals Ltd. 8.98 Corpn. Ltd. 6.96Telecommunication - Power Reliance Industries Ltd. 6.29 ICICI Bank Ltd. 4.87Service Provider 9.59 Generation/Distribution 9.09 Reliance IndustriesPower Telecommunication - NTPC Ltd. 5.36 Ltd. 4.82Generation/Distribution 9.40 Service Provider 7.73 Sterlite IndustriesOil Exploration 9.39 Electric Equipment 5.97 (India) Ltd. 5.13 HDFC Bank Ltd. 4.52
  • 37. Recommended Banking Equity Fund
  • 38. Fund Name: Reliance Banking Fund Investment Strategy: The fund invests in banking Performance of Reliance Banking Fund along with CNX Bank 600 and financial stocks across market capitalisation but focuses mainly on the large cap banking stocks. InCategory: Equity- Banking the past six months, large cap stocks on an average 500Investment Objective: The primary account for about 79.9% of the portfolio, midcapinvestment objective of the Scheme 400 stocks account for about 9.8% of the portfolio, smallis to seek to generate continuous cap stocks account for about 1% of the portfolio andreturns by actively investing in equity cash holdings account for 7.3% of the portfolio. 300and equity related or fixed incomesecurities of companies in the Investments in public and private sector banksBanking Sector. 200 account for about 81.7% of the portfolio on anInception Date: May 28, 2003 average. The public sector banks account for about 100 47% of the portfolio while the private sector banks account for 35% of the portfolio. Non BankingFund Manager Name: Sunil 0 Financial companies (NBFCs) also account for aboutSinghania & Shrey Loonkar 8.7% of the portfolio. The fund has also invested 31-Oct-06 31-Oct-07 31-Oct-08 31-Oct-09 31-Oct-10 30-Jun-06 30-Jun-07 30-Jun-08 30-Jun-09 30-Jun-10 30-Jun-11 28-Feb-07 29-Feb-08 28-Feb-09 28-Feb-10 28-Feb-11AUM (as at June 2011): INR 1785.00 into other equities for which no information is(in crores) available which account for 2.3% of the portfolio.Investment Amount:Minimum Investment: Rs 5000 Reliance Banking Fund CNX BANKMinimum SIP Investment:Monthly: 60 installments of Rs. 100/-each or 12 installments of Rs. 500/- Performance as on 30-June-2011each or 6 installments of. Rs. 1,000/-each. Absolute (%) CAGR (%)Quarterly: 12 installments of Rs.500/- each or 4 installments of Rs. 1 month 3 month 6 month 1 year 3 year 5 year SINCE INCEPTION1,500/ each. Reliance BankingLoad: Entry: NIL Fund 1.41 -5.94 -6.82 17.56 34.59 32.28 33.31Exit: 1% on or Before 1Y, Nil After 1Y CNX Bank 2.03 -3.94 -4.64 18.81 30.78 24.82 26.83 Asset Allocation- June 2011 Asset Allocation- Dec 2010 Cash, 10.99% Cash, 8.07% Equity, 89.01% Cash Cash Equity, Equity 91.93% Equity Top 5 Sectors Top 5 CompaniesIndustry Dec’ 2010 (%) Industry June’ 2011 (%) Company Name Dec 2010 (%) Company Name June 2011 (%)Bank - Public 44.43 Bank - Public 44.51 State Bank Of India 15.29 ICICI Bank Ltd. 15.56Bank - Private 31.97 Bank - Private 36.28 ICICI Bank Ltd. 13.22 State Bank Of India 13.93 HDFC Bank Ltd. 7.59 Bank Of Baroda 7.81Finance - NBFC 10.89 Finance - NBFC 8.18 Bank Of Baroda 6.54 HDFC Bank Ltd. 7.68Other 1.71 Other 2.97 Corporation Bank 6.45 Federal Bank Ltd. 6.20
  • 39. Recommended FMCG Equity Fund
  • 40. Fund Name: ICICI Prudential FMCG Investment Strategy:Fund Performance of ICICI Prudential FMCG Fund along The fund invests in Fast Moving Consumer Good (FMCG) with CNX FMCG 250 sector across market capitalization but focuses mainly onCategory: Equity- FMCG the large-cap and small-cap stocks. In the past six months, from January 2011 to June 2011, the large-cap stocks on anInvestment Objective: To seek to 200 average account for about 54% of the portfolio, small-capgenerate long term capital stocks for about 23% of the portfolio, and midcap stocks forappreciation through investment about 9.8% of the portfolio. The fund has decreased the 150made primarily in equity of selected allocation to all the three market-caps in the past sixgroup of companies in the FMCG months as the allocation to cash has increased from 5.52%Sector. 100 in January 2011 to 9.4% in June 2011 whereas, the cash holdings, on an average, for the first six months of 2011 account for 6.5% of the portfolio. The portfolio also has an 50 exposure to future derivatives but has no exposure throughInception Date: March 31, 1999 options with the average futures exposure at about 6.4%. 0 The fund invests in FMCG sectors like cigarettes, householdFund Manager Name: Prashant goods, consumer food, paints and textiles. The investment 30-Nov-06 31-May-09 31-Mar-10 31-Jul-08 31-Oct-09 30-Jun-06 30-Apr-07 30-Jun-11 30-Sep-07 29-Feb-08 31-Dec-08 31-Jan-11 31-Aug-10Kothari & Rajat Chandak in Cigarette companies, on an average, January 2011 toAUM (as at June 2011): INR 80.19 (in June 2011 was at 33.4% of the portfolio however, thecrores) second largest sector, household goods saw a drop from 18.6% in January 2011 to 10.0% in June 2011. ICICI Prudential FMCG Fund CNX FMCGInvestment Amount:Minimum Investment: Rs 5000 Performance as on 30-June-2011Minimum SIP Investment: Absolute (%) CAGR (%)Monthly: Rs 1000Quarterly: Rs 5000 1 month 3 month 6 month 1 year 3 year 5 year SINCE INCEPTIONLoad: Entry: NIL ICICI Prudential FMCGExit: 1% on or before 1Y, NIL after 1Y Fund 7.38 13.86 12.80 21.75 21.80 17.37 17.75 CNX FMCG 5.51 12.85 10.19 23.38 25.84 14.97 10.09 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 3.96% Cash, 9.38% Cash Cash Equity, 91.38% Equity Equity Equity, 78.06% Top 5 Sectors Top 5 Companies Company Name Dec 2010 Company Name June 2011 (%) Industry Dec’ 2010 Industry June’ 2011 (%) (%) (%) ITC Ltd. 24.89 ITC Ltd. 25.18 Cigarettes/Tobacco 32.08 Cigarettes/Tobacco 33.54 Hindustan Unilever Household & Household & Ltd. 9.91 VST Industries Ltd. 8.35 Personal Products 20.56 Personal Products 10.02 VST Industries Ltd. 7.19 Pidilite Industries Ltd. 8.19 Pidilite Industries Eveready Industries Paints 7.94 Chemicals 8.19 Ltd. 6.70 (India) Ltd. 6.51 Chemicals 6.70 Batteries 6.51 Britannia Industries Consumer Food 6.60 Textile 5.98 Ltd. 6.60 Page Industries Ltd. 5.98
  • 41. Recommended Pharma Equity Fund
  • 42. Fund Name: Reliance Pharma Fund Investment Strategy: The fund invests in pharma Performance of Reliance Pharma Fund along withCategory: Equity- Pharma and healthcare stocks across market capitalisation BSE HealthcareInvestment Objective: The primary 400 but focuses mainly on the large cap. In the past sixinvestment objective of the scheme 350 months, large cap stocks on an average account foris to seek to generate consistent 300 about 54.5% of the portfolio, midcap stocks accountreturns by investing in equity andequity related or fixed income 250 for about 21.3% of the portfolio, small cap stockssecurities of Pharma and other 200 account for about 20.6% of the portfolio and cashassociated companies. holdings account for 2.7% of the portfolio. The fund 150Inception Date: June 08, 2004 also invests into equities for which no details are 100 made available by the fund house which account forFund Manager Name: Sailesh Raj 50 about 1% of the portfolio.Bhan 0AUM (as at June 2011): INR 583.00 31-Oct-09 31-Dec-08 31-Jan-11 30-Nov-06 31-Mar-10 31-May-09 31-Aug-10 31-Jul-08 30-Jun-06 30-Apr-07 30-Sep-07 29-Feb-08 30-Jun-11(in crores) Investments in Pharmaceutical companies accountInvestment Amount: for about 92.6% of the portfolio on an averageMinimum Investment: Rs 5000 during the H1 2011 and Consumer food accounts forMinimum SIP Investment: Reliance Pharma Fund BSE Healthcare about 3.5% of the portfolio.Monthly: 60 installments of Rs. 100/-each or 12 installments of Rs. 500/-each or 6 installments of. Rs. 1,000/- Performance as on 30-June-2011each Absolute (%) CAGR (%)Quarterly: 12 installments of Rs. SINCE500/- each or 4 installments of Rs. 1 month 3 month 6 month 1 year 3 year 5 year INCEPTION1,500/ each Reliance PharmaLoad: Entry: NIL Fund 1.20 8.58 0.52 8.74 37.99 29.72 28.34Exit: 1% on or Before 1Y, Nil After 1Y BSE Health Care 0.08 6.21 -4.99 11.29 15.39 15.34 15.99 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 6.95% Cash, 0.31% Cash Cash Equity, 93.05% Equity Equity Equity, 99.69% Top 5 Sectors Top 5 Companies Company Name Dec 2010 (%) Company Name June 2011 (%)Industry Dec’ 2010 Industry June’ 2011 (%) Ranbaxy DiviS Laboratories (%) Laboratories Ltd. 9.55 Ltd. 11.55Pharmaceuticals & Pharmaceuticals DiviS Laboratories RanbaxyDrugs 86.52 & Drugs 95.97 Ltd. 9.28 Laboratories Ltd. 9.81Consumer Food 3.86 Consumer Food 3.32 Aventis Pharma Ltd. 9.12 Aventis Pharma Ltd. 8.93Hospital & Healthcare Sun Pharmaceutical Cadila HealthcareServices 1.69 Other 0.40 Inds. Ltd. 8.15 Ltd. 8.23 Sun PharmaceuticalOther 0.98 Cipla Ltd. 6.83 Inds. Ltd. 8.12
  • 43. Recommended Technology Equity Fund
  • 44. Fund Name: ICICI Prudential Investment Strategy: The fund invests in IT and IT sectorTechnology Fund Performance of ICICI Prudential Technology Fund oriented stocks across market capitalisation but focuses along with BSE IT mainly on the large cap and small cap stocks. In the past 250Category: Equity- Technology three years, large cap stocks on an average account for about 68% of the portfolio, midcap stocks account forInvestment Objective: To generate 200 about 7.4% of the portfolio, small cap stocks accountlong-term capital appreciation by for about 14.8% of the portfolio and cash holdingscreating a portfolio that is invested in 150 account for 7.6% of the portfolio. The portfolio also hasequity and equity related securities of exposure to derivatives with the average exposuretechnology and technology dependent 100 being 3.1%. The fund has increased the allocation tocompanies midcap stocks from 1.5% in January 2011 to 12.8% in 50 June 2011 and decreased the allocation to small cap IT stocks from 22.7% to 6.3% during the same period. 0Inception Date: March 03, 2000 Investments in Indian software companies account for 30-Nov-06 31-May-09 31-Mar-10 30-Jun-06 31-Jul-08 31-Oct-09 30-Jun-11 30-Apr-07 30-Sep-07 29-Feb-08 31-Dec-08 31-Jan-11 31-Aug-10 about 88.4% of the portfolio on an average during H1 of 2011; IT hardware companies account for 1.4% of theFund Manager Name: Mrinal Singh & portfolio.Rajat ChandakAUM (as at June 2011): INR 115.74 (in ICICI Prudential Technology Fund BSE ITcrores) Performance as on 30-June-2011Investment Amount:Minimum Investment: Rs 5000 Absolute (%) CAGR (%)Minimum SIP Investment: SINCEMonthly: Rs 1000 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONQuarterly: Rs 5000 ICICI PrudentialLoad: Entry: NIL Technology Fund 2.83 -2.84 -9.18 20.68 15.20 14.13 5.58Exit: 1% on or before 1Y, NIL after 1Y BSE IT 1.77 -6.84 -10.62 14.68 14.92 10.25 -1.62 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 4.62% Cash, 9.01% Cash Cash Equity, Equity, 92.77% Equity 88.28% Equity Top 5 Sectors Top 5 Companies Company Name Dec 2010 (%) Company Name June 2011 (%) Infosys Ltd. 51.89 Infosys Ltd. 52.59Industry Dec’ Industry June’ eClerx Services Ltd 14.66 eClerx Services Ltd 12.82 2010 (%) 2011 (%) Tata Consultancy Tata Consultancy Services Ltd. 14.66 Services Ltd. 7.64IT - Software 91.19 IT - Software 87.28 Nucleus SoftwareIT - Hardware 1.55 IT - Hardware 0.97 Exports Ltd. 3.78 Wipro Ltd. 4.21 Infinite Computer Oracle Financial Solutions (India) Services SoftwareMiscellaneous 0.03 Miscellaneous 0.04 Ltd. 2.96 Ltd 3.94
  • 45. Recommended Ultra Short Term Debt Funds
  • 46. Fund Name: Birla Sun Life Ultra Investment Strategy: For the past six months, the fund has had exposure to Certificate of Deposits and Cash only andShort Term Fund the allocation has stayed almost the same during the past six months. The average maturity of the fund has increased from 1.44 months in January 2011 to 3.7% in June 2011 and the modified duration has increased from 0.84 months inCategory: Debt- Ultra Short Term February 2011 to 3.12 months in June 2011.Investment Objective: Theinvestment objective of theScheme is to generate income Performance as on 30-June-2011and capital appreciation byinvesting 100% of the corpus in a Absolute (%) CAGR (%)diversified portfolio of debt and SINCEmoney market securities with 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONrelatively low levels of interest Birla Sun Life Ultrarate risk. Short Term Fund 0.67 1.94 3.74 6.61 5.72 5.88 Crisil Short-Term BondInception Date: April 19, 2002 Fund Index 0.94 1.79 3.46 5.59 7.20 7.06 6.91Fund Manager Name: KaustubhGupta & Lokesh MallyaAUM (as at June 2011): INR1194.75 croresInvestment Amount:Minimum Investment: Rs 10000Minimum SIP Investment:Monthly: Rs 1000Quarterly: Rs 2000Load: Entry: NILExit:0.25% On or Before 15D, NILon or After 15D Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 16.22% Cash, 22.90% Cash Cash Debt, 77.10% Debt, 83.78% Debt Debt Top 5 Instruments Top 5 Ratings Profile Ratings Dec 2010 (%) Ratings June 2011 (%)Instrument Dec’ 2010 Instrument June’ 2011 (%) (%) P1+ 55.42 P1+ 41.72 A1+ 10.87 PR+ 22.27Certificate of Certificate ofDeposit 77.10 Deposit 83.78 PR1+ 10.81 A1+ 19.79
  • 47. Fund Name: DWS Ultra Short Investment Strategy: The fund is invested in a wide variety of debt securities and around 84 % of the portfolio is inTerm Fund Certificate of Deposits and Commercial Papers for June 2011. The allocation to both these instruments has increased in the past six months. Also, the allocation of fixed deposits in the fund is notable. The allocation of the deposits hasCategory: Debt- Ultra Short increased from 4.9% in January 2011 to 15.9% in June 2011.TermInvestment Objective: To The funds average maturity has increased from 1.92 months in January 2011 to 3 months in June 2011 and the modifiedprovide liquidity and generate duration has increased from 1.8 months to 2.8 months. The credit rating of the fund’s investments is mostly AAA or A1+stable returns by investing in a or similar indicating very low probability of default. One salient feature of this fund is that it has no exit load unlike a fewmix of short term debt and other ultra short term funds which have exit load for withdrawals within 15 days.money market instruments.Inception Date: October 21,2003 Performance as on 30-June-2011Fund Manager Name: Absolute (%) CAGR (%)Kumaresh Ramkrishnan & Nitish SINCEGupta 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONAUM (as at June 2011): INR DWS Ultra Short Term1761.25 (in crores) Fund 0.65 1.98 3.79 6.47 6.03 6.44 5.86 Crisil Liquid Fund Index 0.66 1.92 3.92 7.18 6.27 6.57 5.89Investment Amount:Minimum Investment: Rs 5000Minimum SIP Investment: NotAvailableLoad: Entry: NILExit: NIL Asset Allocation- Dec 2010 Asset Allocation- June 2011 Deposits, Cash, -5.21% Cash, 6.46% 15.93% Cash Cash Debt, 89.28% Debt Debt, 93.54% Debt Deposits Top 5 Instruments Top 5 Ratings ProfileInstrument Dec’ 2010 (%) Instrument June’ 2011 (%) Ratings Dec 2010 (%) Ratings June 2011 (%)Certificate of Certificate ofDeposit 50.60 Deposit 53.81 P1+ 37.37 P1+ 38.45CommercialPaper 20.49 Commercial Paper 29.74 PR1+ 16.90 PR1+ 20.24PTC & Securitized A1+ 16.82 PR+ 13.28Debt 13.02 Corporate Debt 5.73Corporate Debt 6.98 LAA(SO) 7.87 A1+ 11.12Treasury Bills 2.45 AAA(SO) 7.41 A1+(SO) 3.40
  • 48. Fund Name: BNP Paribas Money Plus Investment Strategy: The fund has been invested in wide variety of securities in the debt market. However, the Fund allocation to AAA rated securities has reduced from 28.5% in January 2011 to 5.4% in June 2011. During the same Category: Debt- Ultra Short Term period, the allocation to Certificate of Deposits (CDs) has reduced from 31.9% to 26.3%. However, the allocation to Investment Objective: The primary commercial papers (CPs) has gone up from 8.3% to 21% during the same period. The fund has also increased objective of the Scheme is to provide allocation to T-bills from 2.6% to 4.5% during the past six months. income consistent with the prudent risk from a portfolio comprising of The average maturity of the fund has reduced from3.6 months in January 2011 to 2.04 months in June 2011 and the floating rate debt instruments, fixed modified duration has reduced drastically from 3.48 months in January 2011 to 1.44 months in June 2011. rate debt instruments, money market instruments and derivatives. However, there can be no assurance that the investment objective of the Performance as on 30-June-2011 Scheme will be achieved. The Scheme Absolute (%) CAGR (%) do not guarantee / indicate any returns. SINCE 1 month 3 month 6 month 1 year 3 year 5 year INCEPTION Inception Date: October 21, 2005 BNP Paribas Money Plus Fund 0.66 1.94 3.79 6.66 6.29 6.58 6.38 Fund Manager Name: Alok SIngh Crisil Liquid Fund Index 0.66 1.92 3.92 7.18 6.27 6.57 6.46 AUM (as at June 2011): INR 605.17 crores Investment Amount: Minimum Investment: Rs 10000 Minimum SIP Investment: Monthly: Rs 500 Quarterly: Rs 500 Weekly: Rs 500 Load: Entry: NIL Exit: 0.15% on or before 7D Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 10.99% Cash, 11.41% Cash Cash Debt, 89.01% Debt, 88.59% Debt Debt Top 5 Instruments Top 5 Ratings ProfileInstrument Dec’ 2010 (%) Instrument June’20 11 (%) Ratings Dec 2010 (%) Ratings June 2011 (%)Corporate Debt 41.29 Corporate Debt 30.06 AAA(IND)(SO) 18.45 P1+ 38.00Certificate of Certificate ofDeposit 30.09 Deposit 26.29 AA(IND) 15.82 AA(IND) 10.09Commercial Commercial A1+ 14.71 AA 7.91Paper 8.24 Paper 21.06PTC & PTC & Securitized PR1+ 12.19 A1+ 7.36Securitized Debt 6.82 Debt 6.67Treasury Bills 2.57 Treasury Bills 4.49 P1+ 10.72 PR+ 5.91
  • 49. Recommended Floating Rate Debt Funds
  • 50. Fund Name: Birla Sun Life Floating Investment Strategy: The fund objective is to invest substantially in short term debt and money market instrumentsRate Fund- Long Term Plan and generate regular income for the investor. However, as not too many floating rate papers are available in the markets, the fund is managed like an ultra short term fund and does not have any exposure to floating rateCategory: Debt- Floating Rate instruments. As at 30 June 2011, the fund has around 95% of the portfolio in Money Market Instruments and 5% inInvestment Objective The primary Cash. 95% of the portfolio is into certificate of Deposits (CDs) with all of them having the best credit rating. Theobjective of the scheme is to allocation to cash has decreased from close to 38% in January to 4.23% in June.generate regular income throughinvestment in a portfolio comprising As of end of June, the average maturity is 2.76 months and modified duration is 2.76 months.substantially of floating rate debt /money market instruments. Thescheme may invest a portion of itsnet assets in fixed rate debtsecurities and money marketinstruments. Performance as on 30-June-2011 Absolute (%) CAGR (%)Inception Date: June 05, 2003 SINCE 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONFund Manager Name: Prasad Birla Sun Life FloatingDhonde & Sunaina Da Cunha Rate Fund- Long TermAUM (as at June 2011): INR 305.54 Plan 0.82 2.24 4.37 7.67 7.82 8.03 6.96crores Crisil Liquid Fund Index 0.66 1.92 3.92 7.18 6.27 6.57 5.81Investment Amount:Minimum Investment: Rs 5000Minimum SIP Investment:Monthly: Rs 1000Quarterly: Rs 2000Load: Entry: NILExit: 0.25% on or Before 30D, NIL onor After 30D Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 14.40% Cash, 4.23% Cash Cash Debt, 85.60% Debt, 95.77% Debt Debt Top 5 Instruments Top 5 Ratings Profile Ratings Dec 2010 (%) Ratings June 2011 (%) Instrument Dec’ 2010 (%) Instrument June’ 2011 (%) P1+ 50.76 PR+ 42.96 Certificate of Certificate of Deposit 82.25 Deposit 95.77 A1+ 20.53 P1+ 31.16 PR1+ 14.30 A1+ 13.82 Commercial Paper 3.35 F1+ 7.82
  • 51. Fund Name: Canara Robeco Investment Strategy: The fund invests in short term debt and money market instruments with weighted average Floating Rate Fund portfolio duration of around 1.3 months for the past six months (Jan – June 2011). As of end of June, the modified duration is 2.4 months. Due to scarcity of short term floating rate papers, the fund is managed like an ultra short term Category: Debt- Floating Rate fund and currently does not have any floating rate securities. As at 30 June 2010, the fund has around 62.8% in Investment Objective: The Commercial Papers and 29.4% in Certificates of Deposit and the remaining into cash and equivalent instruments. scheme seeks to generate Performance as on 30-June-2011 income by investing in a portfolio comprising of short term debt Absolute (%) CAGR (%) instruments and money market SINCE instruments with weighted 1 month 3 month 6 month 1 year 3 year 5 year INCEPTION average portfolio duration of Canara Robeco Floating Rate equal to or less than 1 year. Fund 0.76 2.41 4.64 8.09 7.08 7.49 7.25 Inception Date: March 04, 2005 Crisil Liquid Fund Index 0.66 1.92 3.92 7.18 6.27 6.57 6.28 Fund Manager Name: Suman Prasad & Akhil Mittal AUM (as at June 2011): INR 239.46 (in crores) Investment Amount: Minimum Investment: Rs 5000 Minimum SIP Investment: Monthly: Rs 1000 Quarterly: Rs 2000 Load: Entry: NIL Exit: 0.25% on or before 15D, Nil after 15D Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 2.67% Cash, 7.79% Cash Cash Debt, 92.21% Debt, 97.33% Debt Debt Top 5 Instruments Top 5 Ratings ProfileInstrument Dec’ 2010 (%) Instrument June’20 11 (%) Ratings Dec 2010 (%) Ratings June 2011 (%) P1+ 33.67 PR1+ 38.77Certificate of Commercial PR1+ 24.03 P1+ 38.52Deposit 65.79 Paper 62.77 A1+ 18.72 A1+ 14.92Commercial Certificate of PR1+(SO) 9.45Paper 31.54 Deposit 29.44 UNRATED 7.64
  • 52. Recommended Short Term Debt Funds
  • 53. Investment Strategy: The funds objective is to generate stable returns and it invests in fixed income securities withFund Name: Reliance ShortTerm Fund short maturity. In the first six months of 2011, the fund manager has taken a slight conservative note and the funds average maturity has decreased from 1.8 years in January 2011 to 1.67 years in June 2011. Likewise, the modifiedCategory: Debt Short Term duration of the fund has reduced from 1.48 years in January 2011 to 1.39 years in June 2011.Investment Objective: Theprimary investment objective of During the same period that is; between January 2011 to June 2011 the fund has increased cash allocation from 1.7% tothe scheme is to generate stable 8.7%, while allocation to Certificate of Deposits (CDs) has fallen from 46.2% to 10.2%. The allocation to commercialreturns for investors with a papers and corporate debt has increased from 2.8% to 11.7% and 27.4% to 49.8% respectively, for the same period.short term investment horizonby investing in fixed incomesecurities of short termmaturity. Performance as on 30-June-2011 Absolute (%) CAGR (%)Inception Date: December 23, SINCE2002 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONFund Manager Name: Reliance Short Term Fund 0.90 1.73 3.39 5.62 8.58 8.60 7.60Prashant Pimple Crisil Liquid Fund Index 0.66 1.92 3.92 7.18 6.27 6.57 5.77AUM (as at June 2011): INR1207.00 (in crores)Investment Amount:Minimum Investment: Rs 5000Minimum SIP Investment: NotAvailableLoad: Entry: NILExit: NIL Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 8.87% 8.74% Cash Cash Debt, 91.13% Debt, 91.26% Debt Debt Top 5 Instruments Top 5 Ratings ProfileInstrument Dec’ 2010 (%) Instrument June’ 2011 (%) Ratings Dec 2010 (%) Ratings June 2011 (%)Certificate ofDeposit 39.81 Corporate Debt 49.84 A1+ 23.07 AAA 26.40Government PTC & SecuritizedSecurities 20.65 Debt 15.30 SOV 20.65 P1+ 19.26 CommercialCorporate Debt 16.63 Paper 11.70 P1+ 18.45 A+ 15.30PTC & Certificate ofSecuritized Debt 6.51 Deposit 10.24 AAA 12.97 AA+ 12.89Floating Rate GovernmentInstruments 5.14 Securities 4.18 A+(SO) 4.84 LAA+ 9.15
  • 54. Fund Name: Templeton India Investment Strategy: The fund aims to provide steady income while avoiding interest rate volatility by holding papers tillShort Term Income Plan maturity. The fund invests some portion of the corpus in papers which are perceived to have higher credit risk to generate higher accrual. As at 30 June 2010, the fund has invested around 55.4% of the portfolio in A1+ and AAA ratedCategory: Debt- Short Term and equivalent papers. Around 21% of the portfolio is invested in AA, AA+ and AA- equivalent papers and around 1% in A+ and equivalent rated papers.Investment Objective: An open-end income scheme with an Pass through certificates, securitized debt and corporate debt account for major chunk of the portfolio. However, bothobjective to provide stable the instruments have seen their allocation decline in the past six months from 35.7% to 30% and 43% to 38.6%returns by investing in fixed respectively. The fund maintains extremely low levels of cash. The level of cash in the portfolio has dropped from 2.5% inincome securities. January 2011 to 0.83% in June 2011. However, the allocation to Commercial Papers and Certificate of Deposits (CDs) hasInception Date: January 31, 2002 increased from 10.9% to 13.8% and 7.8% to 16.8% respectively.Fund Manager Name: Sachin The fund manager has managed to increase the average maturity of the fund marginally from 1.07 years to 1.14 yearsPadwal-Desai & Umesh Sharma however; the fund’s modified duration has reduced from 0.98 year to 0.85 year. This can be attributed to the reducedAUM (as at June 2011): INR allocation to PTCs, securitized debt and corporate debt and increase in the allocation to CPs and CDs.3643.92 (in crores) Performance as on 30-June-2011Investment Amount:Minimum Investment: Rs 5000 Absolute (%) CAGR (%)Monthly: Minimum of 12 SINCEcheques each of Rs. 500/- or 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONmore or a minimum of 6 cheques Templeton India Short Termeach of Rs. 1000/- or more. Income Plan 1.10 2.49 4.37 6.59 9.41 8.96 7.65Quarterly: Minimum of 12 Crisil Short-Term Bond Fundcheques each of Rs. 500/- or Index 0.94 1.79 3.46 5.59 7.20 7.06 NAmore or a minimum of 6 chequeseach of Rs. 1000/- or more.Load: Entry: NILExit: 0.50% on or before 9M Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 1.90% Cash, 0.83% Cash Cash Debt, 98.10% Debt, 99.17% Debt Debt Top 5 Instruments Top 5 Ratings Profile Instrument Dec’ 2010 (%) Instrument June’ 2011 (%) Ratings Dec 2010 (%) Ratings June 2011 Corporate Debt 39.43 Corporate Debt 38.64 (%) PTC & PTC & Securitized P1+ 19.24 A+(SO) 19.87 Securitized Debt 33.79 Debt 29.96 Certificate of Commercial A+(SO) 14.39 A1+ 12.57 Deposit 16.51 Paper 16.78 LAAA(SO) 13.24 AAA(IND) 12.37 Commercial Certificate of AAA(IND) 10.80 P1+ 11.38 Paper 8.30 Deposit 13.79 PSU & PFI Bonds 0.07 AA- 8.84 LAA 9.31
  • 55. Recommended Income Debt Fund
  • 56. Fund Name: Birla Sun Life Investment Strategy: The fund objective is to generate optimal returns with active management of the portfolio andDynamic Bond Fund duration. In the past six months the fund has been managed more like a medium term fund with average maturity increasing from 11.3 months in January 2011 to 24 Months in June 2011.Category: Debt- Income The fund manager has also become aggressive with the fund. The ‘AA’ rated securities allocation in the fund has increasedInvestment Objective: The from15.2% in January to 26.5% in June 2011, while the cash allocation has decreased from 17% in January 2011 to 7% ininvestment objective of the June 2011. Even the modified duration has increased from 7.2 months to 23.4 months.scheme is to generate optimalreturns with high liquidity The fund has increased allocation to Certificate of Deposits (CDs) from 0% in January to 17.7% in June, while exposure tothrough active managementof the portfolio by investing in corporate debt has been around 51% for most of the six months. Allocation to floating rate instruments and Pass throughHigh Quality Debt and Money certificates and securitized debt has decreased. The fund has completely exited government securities for the past twoMarket Instruments. months.Inception Date: September27, 2004Fund Manager Name: Performance as on 30-June-2011Maneesh Dangi Absolute CAGRAUM (as at June 2011): INR SINCE1872.18 (in crores) 1 month 3 month 6 month 1 year 3 year 5 year INCEPTION Birla Sun Life Dynamic Bond Fund 1.30 2.22 4.16 6.32 8.85 8.94 7.93Investment Amount: Crisil Composite Bond FundMinimum Investment: Rs Index 0.86 1.24 2.64 4.58 6.78 5.99 5.385000Minimum SIP Investment:Monthly: Rs 1000Quarterly: Rs 2000Load: Entry: NILExit: 0.50% on or before180D, Nil after 180D Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 12.74% Cash, 7.62% Cash Cash Debt, 87.26% Debt Debt, 92.38% Debt Top 5 Instruments Top 5 Ratings ProfileInstrument Dec’ 2010 (%) Instrument June’20 11 (%) Ratings Dec 2010 (%) Ratings June 2011 (%)Corporate Debt 56.22 Corporate Debt 51.92PTC & Certificate of AAA 36.60 AAA 28.09Securitized Debt 16.29 Deposit 17.73Floating Rate PTC & Securitized AA+(SO) 14.54 AAA(SO) 15.15Instruments 11.60 Debt 9.58 AA+ 10.39 LAA+ 12.41 Floating RatePSU & PFI Bonds 1.62 Instruments 9.23 AAA(SO) 9.56 P1+ 10.16GovernmentSecurities 1.54 PSU & PFI Bonds 3.93 LAA+ 8.11 AA+ 6.35
  • 57. Recommended GILT – Short Term Debt Fund
  • 58. Fund Name: ICICI Prudential Gilt Investment Strategy: The fund invests in extremely short term government securities. The average maturity for the Fund Treasury Plan past six months has been around 1 year. The fund manager has slowly moved the average maturity of the fund from 1.33 years in January to 0.85 year in June 2011. Additionally, the fund manager has increased the cash allocation in the Category: Debt- Gilt Short Term fund from 7.02% in January 2011 to 16.6% in June 2011. Investment Objective: To generate regular returns through investment Performance as on 30-June-2011 made in Gilts of various maturities. Absolute (%) CAGR (%) SINCE 1 month 3 month 6 month 1 year 3 year 5 year INCEPTION ICICI Prudential Gilt Fund - Inception Date: August 19, 1999 Treasury Plan 0.70 1.10 2.83 4.04 9.28 8.22 8.27 I-SEC Si-BEX 0.59 0.67 2.73 4.25 7.99 7.49 NA Fund Manager Name: Avnish Jain AUM (as at June 2011): INR 120.63 (in crores) Investment Amount: Minimum Investment: Rs 5000 Minimum SIP Investment: Monthly: Rs 1000 Quarterly: Rs 5000 Load: Entry: NIL Exit: NIL Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 3.69% Cash, 16.64% Cash Debt, 83.36% Cash Debt, 96.31% Debt Debt Top 5 Instruments Top 5 Ratings ProfileInstrument Dec’ 2010 (%) Instrument June’ 2011 (%) Ratings Dec 2010 (%) Ratings June 2011 (%)Government GovernmentSecurities 96.31 Securities 83.36 SOV 96.31 SOV 83.36
  • 59. Recommended GILT – Long Term Debt Fund
  • 60. Fund Name: ICICI Prudential Gilt Investment Strategy: The fund invests in medium to Performance of ICICI Prudential Gilt Fund-Investment Plan long tenure Government securities paper to generate Fund Investment Plan along with I-BEX (I-Sec Sovereign Bond Index) relatively steady return with some market volatility. 180 Category: Debt- Gilt Long Term The fund actively adjusts the duration of the holdings 160 depending on the fund managers view on interest Investment Objective This Plan is 140 rates. So, the fund has a volatile average maturity. suitable for investors looking at Between January and June 2011, the fund’s average 120 avenues to invest surplus funds for maturity has varied between 2.53 years in March medium to long periods, ideally 100 2011 to 6.31 years in June 2011. greater than 1 year. It is proposed 80 to invest such proceeds in Gilts The fund manager has become aggressive in his 60 stance on government securities. The fund manager (including Treasury Bills) with medium to long maturities, with 40 has decreased the cash allocation in the fund the average maturity of the from48.3% in January 2011 to 30.5% in June 2011. In 20 portfolio normally not exceeding 8 2010, the decrease in cash allocation has led to 0 increase in the investment of long term government years. 31-Oct-07 31-Oct-06 31-Oct-08 31-Oct-09 31-Oct-10 30-Jun-06 30-Jun-07 30-Jun-08 30-Jun-09 30-Jun-10 30-Jun-11 28-Feb-10 28-Feb-07 29-Feb-08 28-Feb-09 28-Feb-11 securities. The average maturity of the G-secs in the Inception Date: August 19, 1999 fund has increased from 5.65 years to 6.31 years while the modified duration has increased from 3.54 years Fund Manager Name: Avnish Jain in January to 4.11 years in June. ICICI Prudential Gilt Fund-Investment Plan AUM (as at June 2011): INR I-BEX (I-Sec Sovereign Bond Index) 249.28 (in crores) Investment Amount: Performance as on 30-June-2011 Minimum Investment: Rs 5000 Absolute (%) CAGR (%) Minimum SIP Investment: SINCE Monthly: Rs 1000 1 month 3 month 6 month 1 year 3 year 5 year INCEPTION Quarterly: Rs 5000 ICICI Prudential Gilt Fund - Load: Entry: NIL Investment Plan 0.96 0.86 2.20 5.19 11.85 10.00 10.79 Exit: NIL I-BEX (I-Sec Sovereign Bond Index) 1.09 0.57 2.34 4.93 9.93 8.32 10.19 Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 30.54% Cash, 37.70% Debt, 62.30% Cash Debt, 69.46% Cash Debt Debt Top 5 Instruments Top 5 Ratings ProfileInstrument Dec’ 2010 (%) Instrument June’ 2011 (%) Ratings Dec 2010 (%) Ratings June 2011 (%)Government GovernmentSecurities 62.30 Securities 69.46 SOV 62.30 SOV 69.46
  • 61. Recommended Balanced Funds
  • 62. Fund Name: DSP Black Rock Investment Strategy: The fund is a balanced fund with a mandate to invest minimum average of 65% in equities. TheBalanced Fund fund manager for the past 6 months i.e. from January to June has become aggressive and has increased the allocation to equities from 68.3% in January 2011 to 72.8% in June 2011. Also, the cash component of the portfolio has increased fromCategory: Hybrid: Balanced 1% to 5.5% of the portfolio. However, this increase in cash and equity portions has been done by the reduction of theInvestment Objective: An open debt portion. The debt portion in the portfolio has decreased from 28.1% in January 2011 to 21% in June 2011.ended balanced Scheme, seekingto generate long term capital Much of the increase in the equities has been moved into Large cap stocks as the allocation to large cap stocks has goneappreciation and current incomefrom a portfolio constituted of up from 48% in January 2011 to 53.4% in June 2011, while the allocation to midcaps and small caps have been aroundequity and equity related 13% and 6% respectively for the past 6 months.securities as well as fixed incomesecurities (debt and money Banking continues to be the predominant sector that the fund has invested into; however, the allocation to privatemarket securities). sector banks has increased from 6.24% in January to 7.97% in June 2011. Though, the fund has completely exited fromInception Date: May 27, 1999 the public sector banks for the past two months (i.e. May and June). The fund has also decreased the allocation to software companies from 10.26% in January 2011 to 6.00% in June 2011.Fund Manager Name: ApoorvaShah & Kushal M. ChoksiAUM (as at June 2011): INR Performance as on 30-June-2011750.02 (in crores) Absolute (%) CAGR (%)Investment Amount: 1 month 3 month 6 month 1 year 3 year 5 year SINCE INCEPTIONMinimum Investment: Rs 5000 DSP Black Rock BalancedMinimum SIP Investment: Fund 0.51 0.40 -3.62 6.05 15.32 16.13 16.93Monthly: Rs 500 Crisil Balanced Fund Index 1.35 -1.59 -4.17 6.04 11.39 11.14 NAQuarterly: Rs 500Load: Entry: NILExit: 1% before 12M, Nil on orafter 12M Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 4.02% Cash, 5.53% Debt, 20.98% Debt, 22.84% Cash Cash Equity, Equity, 72.83% Debt Debt 71.99% Equity Equity Top 5 Sectors Top 5 Companies Company Name Dec 2010 Company Name June 2011 Industry Dec’ 2010 Industry June’ 2011 (%) (%) (%) (%) Reliance Industries Ltd. 3.64 HDFC Bank Ltd. 3.85 IT - Software 8.69 Bank - Private 7.97 Housing Development Pharmaceuticals & Infosys Ltd. 2.70 Finance Corporation Ltd. 3.83 Banks 6.98 Drugs 6.09 Tata Consultancy Tata Consultancy Services Services Ltd. 2.52 Ltd. 3.57 Pharmaceuticals Housing Development & Drugs 6.49 IT - Software 6.00 Finance Corporation Bharat Petroleum Corpn. Refineries 5.78 Refineries 4.18 Ltd. 2.48 Ltd. 2.72 Electric Bharat Petroleum Oil & Natural Gas Corpn. Equipment 3.82 Finance - Housing 3.83 Corpn. Ltd. 2.14 Ltd. 1.93
  • 63. Fund Name: HDFC Prudence Investment Strategy: The fund is a balanced fund with a mandate to invest on an average minimum 65% in equities. However, Fund between January 2011 and June 2011, the fund is mostly invested 71% to 74% in equities, 20% to 22% in debt and around 3.6% to 5.9% in cash and cash equivalent investments. The equity portion of the portfolio has greater allocation to large cap stocks with close to 50% Category: Hybrid- Balanced of the portfolio in it. This is followed by mid cap stocks accounting on an average of 14% of the portfolio, while the small cap stocks on Investment Objective: To an average account for about 9%. The fund manager has more or less maintained the allocation to the different market caps at a provide periodic returns and constant level for the past six months. As at June 2011, the fund has around 73% in equities out of which 49% is in large-cap stocks and capital appreciation over a long 24.32% in mid-cap and small cap stocks. period of time, from a judicious mix of equity and debt Between January 2011 and June 2011, the fund has increased the allocation to private banking companies, from 5.5% in January 2011 investments with an aim to to 6.2% in June 2011, while the allocation to the public sector banks has been reduced from 9.2% to 7.9% during the same period. prevent / minimize any capital Overall, there has been some moderation in the level of holding in the banking sector. Pharma is another sector where it has increased erosion. its allocation over the past six months from 5.8% in January 2011 to 7.1% in June 2011. Allocation to the software companies continues to be around 8.3% for the past 6 months Inception Date: February 01, 1994 Fund Manager Name: Prashant Jain & Miten Lathia AUM (as at June 2011): INR Performance as on 30-June-2011 6407.25 (in crores) Investment Amount: Absolute (%) CAGR (%) Minimum Investment: Rs 5000 1 month 3 month 6 month 1 year 3 year 5 year SINCE INCEPTION Minimum SIP Investment: Monthly: Rs 500 HDFC Prudence Fund 1.85 1.53 -1.34 10.76 24.45 19.50 19.33 Quarterly: Rs 1500 Load: Entry: NIL Crisil Balanced Fund Index 1.35 -1.59 -4.17 6.04 11.39 11.14 NA Exit: 1% on or before 1Y,Nil- After 1Y Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 1.24% Cash, 4.08% Debt, 24.46% Debt, 20.98% Cash Cash Equity, 74.08% Equity, 73.44% Debt Debt Equity Equity Top 5 Sectors Top 5 Companies Company Name Dec 2010 (%) Company Name June 2011 (%)Industry Dec’ 2010 (%) Industry June’ 2011 (%) State Bank OfBanks 14.70 Banks 13.75 Infosys Ltd. 4.77 India 4.15 State Bank Of India 4.48 ICICI Bank Ltd. 3.77IT - Software 8.72 IT - Software 8.64 Tata ConsultancyPharmaceuticals & Pharmaceuticals & Services Ltd. 3.95 Infosys Ltd. 3.59Drugs 6.20 Drugs 7.07 Tata ConsultancyOil Exploration 3.52 Refineries 4.00 ICICI Bank Ltd. 3.85 Services Ltd. 3.56Textile 3.13 Textile 3.31 Bank Of Baroda 3.15 Coal India Ltd. 2.87
  • 64. Recommended Monthly Income Plan (MIP) Funds
  • 65. Fund Name: HDFC Monthly Investment Strategy: The fund has taken an aggressive stance in the past six months, as the fund manager has Income Plan- Long Term Plan increased the allocation to equities from 20.8% to 23.6%. The debt allocation to the portfolio has also gone up from 70.2% to 74.3%. Both the increase in debt and equity portions has been done at the cost of reduction in the cash Category: Hybrid- MIP portion of the fund from 6.5% in January 2011 to 1.6% in June 2011. Investment Objective: To generate regular returns through Certificate of Deposits (CDs) and corporate debt on an average account for 65% of the portfolio. Investment into both investment primarily in Debt and these instruments has gone up over the past six months. For CDs, the allocation has gone up from 24% in January 2011 Money Market Instruments. The to 27% in June 2011 and for corporate debt from 38% in January 2011 to 40.3% in June 2011. secondary objective of the Scheme is to generate long-term The average maturity of the debt component in the fund has gone up slightly from 2.24 years to 2.26 years; this capital appreciation by investing indicates a modest increase of about 1% in maturity. The modified duration of the debt portion has gone up from 1.54 a portion of the Schemes assets in equity and equity related years in January 2011 to 1.63 years in June 2011, therefore, the modified duration has increased by approximately 6%. instruments. Monthly Income is This indicates that the fund has increased its risk exposure. not assured & is subject to availability of distributable The increase in risk exposure is verified by the increased allocation to AA rated securities from 7.9% in January 2011 to surplus. 10.6% in June 2011, while the allocation to AAA rated securities has fallen from28.2% to 27.2% Inception Date: December 26, 2003 Fund Manager Name: Prashant Jain & Shobhit Mehrotra AUM (as at June 2011): INR 9545.94 (in crores) Performance as on 30-June-2011 Investment Amount: Absolute (%) CAGR (%) Minimum Investment: Rs 5000 SINCE Minimum SIP Investment: 1 month 3 month 6 month 1 year 3 year 5 year INCEPTION Monthly: Rs 500 HDFC Monthly Income Plan- Quarterly: Rs 1500 Long Term Plan 1.27 1.57 1.75 7.46 14.62 11.72 11.97 Load: Entry: NIL Exit: 1% on or before 1Y,Nil-After Crisil MIP Blended Index 0.98 0.60 1.10 5.03 8.21 7.56 6.93 1Y Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 4.06% Cash, 1.57% Equity, 22.44% Equity, 23.64% Cash Cash Debt, 70.74% Debt Debt, 74.28% Debt Equity Equity Top 5 Instruments Top 5 Ratings ProfileInstrument Dec’ 2010 (%) Instrument June’20 11 Ratings Dec 2010 (%) Ratings June 2011 (%) (%)Corporate Debt 37.46 Corporate Debt 40.30 AAA 20.94 AAA 17.88Certificate of Certificate ofDeposit 22.14 Deposit 27.02 P1+ 13.87 P1+ 16.97Government GovernmentSecurities 10.13 Securities 5.66 SOV 10.13 A1+ 7.17PTC & SecuritizedDebt 0.56 Commercial Paper 1.00 A1+ 6.80 SOV 5.66 PTC & SecuritizedCommercial Paper 0.45 Debt 0.30 AAA(SO) 3.33 AAA / P1+ 3.88
  • 66. Fund Name: Reliance Monthly Investment Strategy: The fund has taken a moderate stance in the past six months, as the fund manager hasIncome Plan decreased the allocation to equities from 19.6% to 18.2%. The debt allocation to the portfolio has also gone downCategory: Hybrid MIP from 77.9% to 76.9%. Both the decrease in debt and equity portions has led to an increase in the cash component ofInvestment Objective: The primaryinvestment objective of the Scheme the fund. The cash component has increased from 2.0% in January 2011 to 4.2% in June 2011.is to generate regular income inorder to make regular dividend The fund manager has rapidly decreased allocation to Certificate of Deposits (CDs) from almost 21% in January 2011payments to unit holders and the to 3.2% in June 2011, while the allocation to corporate debt has increased from 31.9% to 48.6% during the samesecondary objective is growth of period. Allocation to government securities and floating rate instruments has increased while the allocation to PSUcapital bonds and PTC & securitized debt has gone up.Inception Date: January 13, 2004 The average maturity of the debt component in the fund has gone up slightly from 2.18 years to 2.2 years; thisFund Manager Name: Amit Tripathi indicates a modest increase of about 1% in maturity. The modified duration of the debt portion has gone down from& Ashwani Kumar 1.74 years in January 2011 to 1.67 years in June 2011. This indicates that the fund has decreased its risk exposure.AUM (as at June 2011): INR 7565.00(in crores) The decrease in risk exposure is verified by the increased allocation to AAA rated securities from 27.7% in JanuaryInvestment Amount: 2011 to 37.1% in June 2011, similarly, the allocation to AA rated securities has gone up from 13.1% to 25.6%Minimum Investment: Rs 5000Minimum SIP Investment:Monthly: 60 installments of Rs. 100/- Performance as on 30-June-2011each or 12 installments of Rs. 500/- Absolute (%) CAGR (%)each or 6 installments of. Rs. 1,000/- SINCEeach. 1 month 3 month 6 month 1 year 3 year 5 year INCEPTIONQuarterly: 12 installments of Rs. Reliance Monthly500/- each or 4 installments of Rs. Income Plan 0.77 1.27 0.99 5.76 15.77 11.70 11.061,500/ each. Crisil MIP BlendedLoad: Entry: NIL Index 0.98 0.60 1.10 5.03 8.21 7.56 6.81Exit: 1% on or Before 1Y, Nil After 1Y Asset Allocation- Dec 2010 Asset Allocation- June 2011 Cash, 3.41% Cash, 4.19% Equity, 19.11% Equity, 18.19% Cash Cash Debt, 76.98% Debt Debt, 76.96% Debt Equity Equity Top 5 Instruments Top 5 Ratings ProfileInstrument Dec’ 2010 (%) Instrument June’20 11 (%) Ratings Dec 2010 (%) Ratings June 2011 (%)Corporate Debt 25.91 Corporate Debt 48.60Certificate of PTC & AAA 20.58 AAA 35.99Deposit 19.70 Securitized Debt 9.86Government SOV 16.86 AA 7.29Securities 16.86 PSU & PFI Bonds 6.50 A1+ 13.00 SOV 5.91Floating Rate GovernmentInstruments 7.03 Securities 5.70 P1+ 7.80 LAA+ 4.33PTC & Certificate ofSecuritized Debt 4.73 Deposit 3.20 AA(IND) 3.86 A+ 3.78

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